G&

Goehring & Rozencwajg Associates, LLC

Sector-focusedMomentum followerDiversified strategy

Total reported value

$1.9B

Reporting period: 2026-03-31 · Number of holdings: 43

Goehring & Rozencwajg Associates, LLC disclosed 43 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.9B and a quarterly turnover rate of 69.5%.

Personality snowflake

Concentration
17.22
Portfolio Stability
69.54
Momentum/Contrarian
100
Sector conviction
100
Diversification
86
Sizing Uniformity
90.67

Recent moves

  • Add SU

    +153.0%　$121.7M

  • Add SLB

    +145.3%　$82.2M

  • Trim LEU

    +18.1%　-$6.5M

  • Trim SBSW

    +20.6%　$2.2M

  • Trim NTR

    -0.4%　$11.1M

  • Add VAL

    +24.2%　$75.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1CNQCanadian Natural ResourcesStock-Energy7.41%+1.03%+48.65%
2VALValaris LimitedStock-Energy6.95%+1.65%+24.22%
3RRCRange Resources CORPStock-Energy6.61%-0.39%+35.88%
4SUSuncor Energy INCStock-Energy6.54%+6.54%+152.98%
5SLBSlb LTDStock-Energy6.35%+2.79%+145.32%
6SDRLSeadrill LimitedStock-Other5.99%-0.59%+27.60%
7CCJCameco CORPStock-Energy4.88%-1.31%+22.47%
8NENoble Corporation plcStock-Energy4.85%+0.86%+29.11%
9CNRCore Natural Resources INCStock-Energy3.99%+1.34%+133.95%
10EQTEqt CORPStock-Energy3.96%-0.53%+37.07%
11ARAntero Resources CORPStock-Energy3.69%-0.35%+36.63%
12NTRNutrien LTDStock-Materials3.33%-1.72%-0.38%
13HCCWarrior Met Coal INCStock-Materials2.99%+2.99%NEW
14SBSWSibanye-stillwater Ltd-adrStock-Other2.83%-2.17%+20.63%
15AMRAlpha Metallurgical ResourceStock-Other2.67%+1.11%+206.79%
16CHRDChord Energy CORPStock-Energy2.17%+2.17%NEW
17PRPermian Resources Corp-cl AStock-Energy2.08%+1.37%+303.95%
18LEUCentrus Energy Corp-class AStock-Energy1.88%-2.24%+18.08%
19AGIAlamos Gold Inc-class AStock-Materials1.64%-1.34%-12.05%
20UECUranium Energy CORPStock-Energy1.60%-0.51%+20.91%
21MTDRMatador Resources CoStock-Energy1.55%+0.10%+33.06%
22UUUUEnergy Fuels INCStock-Energy1.46%-0.31%+20.78%
23OIIOceaneering Intl INCStock-Energy1.36%+0.01%+25.47%
24IEIvanhoe Electric INC / USStock-Other1.34%-1.49%+18.30%
25EXEExpand Energy CORPStock-Energy1.33%-0.48%+36.58%
26MOSMosaic Co/theStock-Materials1.26%+0.18%+104.48%
27FANGDiamondback Energy INCStock-Energy1.21%-0.06%+33.14%
28NXENexgen Energy LTDStock-Other1.13%-0.25%+19.22%
29EQXEquinox Gold CORPStock-Other1.00%-1.04%-12.39%
30CRKComstock Resources INCStock-Other0.98%-0.49%+34.82%
31DNNDenison Mines CORPStock-Other0.90%-0.14%+19.43%
32SMSm Energy CoStock-Energy0.82%+0.82%NEW
33BORRBorr Drilling LimitedStock-Other0.66%+0.01%+30.58%
34IPIIntrepid Potash INCStock-Other0.61%+0.01%+21.79%
35FCXFreeport-mcmoran INCStock-Materials0.39%-0.81%-48.12%
36URGUr-energy INCStock-Other0.34%-0.14%+22.64%
37TMQTrilogy Metals INCStock-Other0.33%-0.27%+22.72%
38NGNovagold Resources INCStock-Other0.33%-0.41%-13.39%
39✓ Caledonia Mng CORP PLCStock-Other0.19%-0.24%-7.28%
40EUEncore Energy CORPStock-Other0.14%-0.16%+19.35%
41ORLAOrla Mining LTDStock-Other0.14%-0.90%-79.23%
42TFPMTriple Flag Precious MetStock-Materials0.11%-0.11%-11.39%
43TDWTidewater INCStock-Energy0.02%+0.02%NEW

Holding changes this quarter

Goehring & Rozencwajg Associates, LLC's most significant position changes for 2026-03-31: New buy: Warrior Met Coal INC (HCC); New buy: Chord Energy CORP (CHRD); Sold out: Hudbay Minerals INC (HBM); New buy: Sm Energy Co (SM); Sold out: Skeena Resources LTD (SKE).

Position changes disclosed by Goehring & Rozencwajg Associates, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1SUSuncor Energy INC+6.5%+152.98%Add
2SLBSlb LTD+2.8%+145.32%Add
3VALValaris Limited+1.7%+24.22%Add
4PRPermian Resources Corp-cl A+1.4%+303.95%Add
5CNRCore Natural Resources INC+1.3%+133.95%Add
6AMRAlpha Metallurgical Resource+1.1%+206.79%Add
7CNQCanadian Natural Resources+1%+48.65%Add
8NENoble Corporation plc+0.9%+29.11%Add
9MOSMosaic Co/the+0.2%+104.48%Add
10MTDRMatador Resources Co+0.1%+33.06%Add
11OIIOceaneering Intl INC0%+25.47%Add
12BORRBorr Drilling Limited0%+30.58%Add
13IPIIntrepid Potash INC0%+21.79%Add
14FANGDiamondback Energy INC-0.1%+33.14%Add
15TFPMTriple Flag Precious Met-0.1%-11.39%Trim
16DNNDenison Mines CORP-0.1%+19.43%Add
17URGUr-energy INC-0.1%+22.64%Add
18EUEncore Energy CORP-0.2%+19.35%Add
19✓ Caledonia Mng CORP PLC-0.2%-7.28%Trim
20NXENexgen Energy LTD-0.3%+19.22%Add
21TMQTrilogy Metals INC-0.3%+22.72%Add
22UUUUEnergy Fuels INC-0.3%+20.78%Add
23ARAntero Resources CORP-0.4%+36.63%Add
24RRCRange Resources CORP-0.4%+35.88%Add
25NGNovagold Resources INC-0.4%-13.39%Trim
26EXEExpand Energy CORP-0.5%+36.58%Add
27CRKComstock Resources INC-0.5%+34.82%Add
28UECUranium Energy CORP-0.5%+20.91%Add
29EQTEqt CORP-0.5%+37.07%Add
30SDRLSeadrill Limited-0.6%+27.60%Add
31FCXFreeport-mcmoran INC-0.8%-48.12%Trim
32ORLAOrla Mining LTD-0.9%-79.23%Trim
33EQXEquinox Gold CORP-1%-12.39%Trim
34CCJCameco CORP-1.3%+22.47%Add
35AGIAlamos Gold Inc-class A-1.3%-12.05%Trim
36IEIvanhoe Electric INC / US-1.5%+18.30%Add
37NTRNutrien LTD-1.7%-0.38%Trim
38SBSWSibanye-stillwater Ltd-adr-2.2%+20.63%Add
39LEUCentrus Energy Corp-class A-2.2%+18.08%Add
40HCCWarrior Met Coal INC—NEWNew buy
41CHRDChord Energy CORP—NEWNew buy
42HBMHudbay Minerals INC—EXITSold out
43SMSm Energy Co—NEWNew buy
44SKESkeena Resources LTD—EXITSold out
45PAASPan American Silver CORP—EXITSold out
46CIVICivitas Resources INC—EXITSold out
47TDWTidewater INC—NEWNew buy

FAQ

What is Goehring & Rozencwajg Associates, LLC and what type of investor is it?
Goehring & Rozencwajg Associates, 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 $1.9B, spread across 43 disclosed positions.
What are Goehring & Rozencwajg Associates, LLC's largest equity positions?
Based on the latest 13F filing, Goehring & Rozencwajg Associates, LLC's top holdings by market value are: 1. Canadian Natural Resources (CNQ) — $137.9M (7.4%) 2. Valaris Limited (VAL) — $129.3M (7.0%) 3. Range Resources CORP (RRC) — $123.0M (6.6%) 4. Suncor Energy INC (SU) — $121.7M (6.5%) 5. Slb LTD (SLB) — $118.1M (6.3%)
What changes did Goehring & Rozencwajg Associates, LLC make in its most recent portfolio filing?
In the latest reported quarter, Goehring & Rozencwajg Associates, LLC made 47 notable position adjustments: 4 new positions were initiated, 31 existing holdings were added to, 8 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Warrior Met Coal INC (HCC); New buy: Chord Energy CORP (CHRD); Sold out: Hudbay Minerals INC (HBM); New buy: Sm Energy Co (SM); Sold out: Skeena Resources LTD (SKE)
What sectors does Goehring & Rozencwajg Associates, LLC focus on?
Goehring & Rozencwajg Associates, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 87.9% • Materials: 12.1%