OW

Old West Investment Management, LLC

Diversified strategyContrarianHigh-turnover trader

Total reported value

$922.6M

Reporting period: 2026-03-31 · Number of holdings: 123

Old West Investment Management, LLC disclosed 123 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $922.6M and a quarterly turnover rate of 77.8%.

Personality snowflake

Concentration
7.27
Portfolio Stability
77.77
Momentum/Contrarian
0
Sector conviction
74.24
Diversification
100
Sizing Uniformity
88.84

Recent moves

  • Trim BRKR

    -6.4%　-$9.1M

  • Add TDW

    +419.6%　$30.3M

  • Add SLB

    +830.6%　$23.3M

  • Trim AEM

    -44.6%　-$6.1M

  • Add SU

    +210.7%　$21.4M

  • Trim BLDR

    -65.7%　-$9.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1TDWTidewater INCStock-Energy3.72%+3.01%+419.64%
2CNRCore Natural Resources INCStock-Energy3.33%+1.55%+160.02%
3LMTLockheed Martin CORPStock-Industrials3.23%-1.40%-8.22%
4NTRNutrien LTDStock-Materials3.19%+3.19%NEW
5CNQCanadian Natural ResourcesStock-Energy3.01%—-25.90%
6ARAntero Resources CorporationStock-Energy2.98%+2.98%NEW
7SUSuncor Energy INCStock-Energy2.96%+1.91%+210.70%
8SLBSlb LTDStock-Energy2.74%+2.38%+830.63%
9OIIOceaneering Intl INCStock-Energy2.68%+0.35%+28.33%
10RRCRange Resources CorporationStock-Energy2.58%+2.58%NEW
11APDAir Products & Chemicals INCStock-Materials2.58%+2.58%NEW
12BRKRBruker CORPStock-Healthcare2.51%-3.25%-6.39%
13NXENexgen Energy LTDStock-Other2.44%—-28.56%
14CFCf Industries Holdings INCStock-Materials2.37%+2.37%NEW
15CCJCameco CORPStock-Energy2.29%—-4.00%
16NOCNorthrop Grumman CORPStock-Industrials2.04%+1.86%+1447.13%
17VIRTVirtu Financial Inc-class AStock-Financials1.86%-0.35%+4.78%
18BGBunge Global SAStock-Consumer Staples1.84%—-27.93%
19TMQTrilogy Metals INCStock-Other1.83%—+0.48%
20ASMLASML Holding N.V.Stock-Tech1.80%-0.51%+3.88%
21✓ Ferroglobe PLCStock-Other1.75%—+3.37%
22ALBAlbemarle CORPStock-Materials1.72%—-35.70%
23AAAlcoa CORPStock-Materials1.59%—-4.72%
24AGIAlamos Gold Inc-class AStock-Materials1.55%-1.78%-33.35%
25NOKNokia Corp-spon AdrStock-Tech1.34%—-3.32%
26AEMAgnico Eagle Mines LTDStock-Materials1.30%-1.94%-44.65%
27RIORio Tinto Plc-spon AdrStock-Materials1.20%+1.00%+735.87%
28VNOMViper Energy Inc-cl AStock-Energy1.18%+1.18%NEW
29NENoble Corporation plcStock-Energy1.12%+0.71%+163.12%
30DOWDow INCStock-Materials1.11%+1.11%NEW
31LYBLyondellBasell Industries N.V.Stock-Materials1.11%+1.11%NEW
32BRK-BBerkshire Hathaway Inc-cl BStock-Other1.11%—+4.42%
33GEVGE Vernova INCStock-Industrials1.02%+1.02%NEW
34BABoeing Co/theStock-Industrials1.01%+0.95%+2838.28%
35FMCFmc CORPStock-Materials0.98%+0.98%NEW
36UNPUnion Pacific CORPStock-Industrials0.97%+0.97%NEW
37FCXFreeport-mcmoran INCStock-Materials0.97%—+23.79%
38SWKSSkyworks Solutions INCStock-Tech0.90%+0.90%NEW
39WFRDWeatherford International plcStock-Energy0.85%—-4.47%
40AMRAlpha Metallurgical ResourceStock-Other0.81%—+26.20%
41VRTVertiv Holdings Co-aStock-Industrials0.78%—-31.99%
42PBRPetroleo Brasileiro-spon AdrStock-Energy0.77%+0.60%+337.78%
43CCChemours Co/theStock-Materials0.76%+0.60%+313.98%
44ELANElanco Animal Health INCStock-Healthcare0.75%-1.27%-41.89%
45SSNCSs&c Technologies HoldingsStock-Tech0.74%-1.23%-20.29%
46✓ Globalfoundries IncStock-Other0.73%+0.73%NEW
47PBFPbf Energy Inc-class AStock-Energy0.73%——
48VALValaris LimitedStock-Energy0.71%—-10.59%
49GMEDGlobus Medical INC - AStock-Healthcare0.68%—-28.41%
50CECelanese CORPStock-Materials0.66%+0.66%NEW
1–50 of 123

Holding changes this quarter

Old West Investment Management, LLC's most significant position changes for 2026-03-31: New buy: Nutrien LTD (NTR); New buy: Antero Resources Corporation (AR); New buy: Range Resources Corporation (RRC); New buy: Air Products & Chemicals INC (APD); New buy: Cf Industries Holdings INC (CF).

Position changes disclosed by Old West Investment Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1TDWTidewater INC+3%+419.64%Add
2SLBSlb LTD+2.4%+830.63%Add
3SUSuncor Energy INC+1.9%+210.70%Add
4NOCNorthrop Grumman CORP+1.9%+1447.13%Add
5CNRCore Natural Resources INC+1.6%+160.02%Add
6RIORio Tinto Plc-spon Adr+1%+735.87%Add
7BABoeing Co/the+1%+2838.28%Add
8NENoble Corporation plc+0.7%+163.12%Add
9PBRPetroleo Brasileiro-spon Adr+0.6%+337.78%Add
10CCChemours Co/the+0.6%+313.98%Add
11OIIOceaneering Intl INC+0.4%+28.33%Add
12VIRTVirtu Financial Inc-class A-0.4%+4.78%Add
13ASMLASML Holding N.V.-0.5%+3.88%Add
14UHALU-haul Holding Co-1%-48.28%Trim
15SSNCSs&c Technologies Holdings-1.2%-20.29%Trim
16ELANElanco Animal Health INC-1.3%-41.89%Trim
17LMTLockheed Martin CORP-1.4%-8.22%Trim
18OMEXOdyssey Marine Exploration-1.5%-13.16%Trim
19AGIAlamos Gold Inc-class A-1.8%-33.35%Trim
20BLDRBuilders Firstsource INC-1.9%-65.68%Trim
21AEMAgnico Eagle Mines LTD-1.9%-44.65%Trim
22BRKRBruker CORP-3.3%-6.39%Trim
23NTRNutrien LTD—NEWNew buy
24ARAntero Resources Corporation—NEWNew buy
25RRCRange Resources Corporation—NEWNew buy
26APDAir Products & Chemicals INC—NEWNew buy
27CFCf Industries Holdings INC—NEWNew buy
28TMCTmc THE Metals Co INC—EXITSold out
29VNOMViper Energy Inc-cl A—NEWNew buy
30DOWDow INC—NEWNew buy
31LYBLyondellBasell Industries N.V.—NEWNew buy
32GEVGE Vernova INC—NEWNew buy
33FMCFmc CORP—NEWNew buy
34UNPUnion Pacific CORP—NEWNew buy
35SWKSSkyworks Solutions INC—NEWNew buy
36HCCWarrior Met Coal INC—EXITSold out
37ARAntero Resources CORP—EXITSold out
38✓ Globalfoundries Inc—NEWNew buy
39CECelanese CORP—NEWNew buy
40OLNOlin CORP—NEWNew buy
41✓ Tmc THE Metals Co INC F—NEWNew buy
42✓ —EXITSold out
43HUNHuntsman CORP—NEWNew buy
44CSXCsx CORP—NEWNew buy
45ETEnergy Transfer LP—NEWNew buy
46CNICanadian Natl Railway Co—NEWNew buy
47NSCNorfolk Southern CORP—NEWNew buy
48✓ Canadien Pacifique Kansas City—NEWNew buy
49MOSMosaic Co/the—NEWNew buy
50ETEnergy Transfer LP—EXITSold out

FAQ

What is Old West Investment Management, LLC and what type of investor is it?
Old West Investment Management, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $922.6M, spread across 123 disclosed positions.
What are Old West Investment Management, LLC's largest equity positions?
Based on the latest 13F filing, Old West Investment Management, LLC's top holdings by market value are: 1. Tidewater INC (TDW) — $34.3M (3.7%) 2. Core Natural Resources INC (CNR) — $30.7M (3.3%) 3. Lockheed Martin CORP (LMT) — $29.8M (3.2%) 4. Nutrien LTD (NTR) — $29.5M (3.2%) 5. Canadian Natural Resources (CNQ) — $27.7M (3.0%)
What changes did Old West Investment Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Old West Investment Management, LLC made 50 notable position adjustments: 23 new positions were initiated, 13 existing holdings were added to, 9 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Nutrien LTD (NTR); New buy: Antero Resources Corporation (AR); New buy: Range Resources Corporation (RRC); New buy: Air Products & Chemicals INC (APD); New buy: Cf Industries Holdings INC (CF)
What sectors does Old West Investment Management, LLC focus on?
Old West Investment Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 37.9% • Materials: 26.3% • Industrials: 14.6% • Information Technology: 8.9% • Health Care: 5.2% • Financials: 4.8%