AEGIS FINANCIAL CORP

CIK

1140753

Location

MC LEAN, VA

Portfolio Value

Small $147,203,968

Diversification

Diversified

Filing Date

Global Rank

#2,423 / 8,588 ▲ 532

Top Industry

Oil & Gas Integrated 15.8%

3Y Alpha vs SPY

+16.7%

Period ended 3 months ago

Filed May 13, 2026 · 35d

14 quarters · since Dec 2022

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+160.5%

SPY

+76.8%

Annualised alpha

+16.7%

Max drawdown

−28.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

37 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

15.8%

+0.7 pts

Top 5

45.1%

−6.5 pts

Top 10

68.3%

−5.5 pts

HHI

662

Diversified−101

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	51.0%	$296,622,667	10
Basic Materials	25.3%	$147,203,968	11
Consumer Cyclical	6.0%	$35,138,187	2
Utilities	5.1%	$29,532,343	1
Industrials	5.0%	$28,838,371	3
Financial Services	3.5%	$20,368,133	5
Real Estate	3.5%	$20,175,764	2
Consumer Defensive	0.4%	$2,353,604	1
Unclassified	0.2%	$958,773	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
VET	Vermilion Energy Inc.	+1,239,936	2,560,428	$35,282,697
RLJ	RLJ Lodging Trust	+727,608	1,999,425	$14,835,733
RYZ	Ryerson Holding Corp	+409,588	1,116,978	$25,109,665
GFR	Greenfire Resources Ltd.	+238,417	417,548	$2,638,903
INBK	First Internet Bancorp	+103,941	354,261	$7,219,839
BSET	Bassett Furniture Industries Inc	+25,878	526,997	$7,457,007
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
EQX	Equinox Gold Corp.	−593,125	3,880,964	$56,118,739
NGS	Natural Gas Services Group Inc	−84,100	587,012	$22,153,832
SLV	iShares Silver Trust	−8,856	8,842	$602,493
CVE	Cenovus Energy Inc.	−2,300	3,451,821	$91,576,811
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
HOG	Harley-Davidson, Inc.	1,369,000	$27,681,180
SM	SM Energy Co	551,769	$17,204,157
RDN	Radian Group Inc	295,274	$9,767,663
ACTG	Acacia Research Corp	491,086	$2,362,123
WFG	West Fraser Timber Co., Ltd	3,142	$205,141
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

11 positions · $147,203,968 total · Basic Materials only · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Real Estate Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
EQX	Equinox Gold Corp. Basic Materials	Reduced	3,880,964	-593,125	$56,118,739	−10.7%	38.12%
ASIX	AdvanSix Inc. Basic Materials	Held	1,209,629	0	$29,514,947	+41.0%	20.05%
MOS	Mosaic Co Basic Materials	Held	853,638	0	$21,767,769	+5.9%	14.79%
GAU	Galiano Gold Inc. Basic Materials	Held	6,409,321	0	$16,087,395	−0.8%	10.93%
EGO	Eldorado Gold Corp /Fi Basic Materials	Held	387,779	0	$13,312,453	−4.4%	9.04%
ASTL	Algoma Steel Group Inc. Basic Materials	Held	1,786,122	0	$7,376,683	+0.7%	5.01%
IAUX	i-80 Gold Corp. Basic Materials	Held	1,126,349	0	$1,712,050	+4.1%	1.16%
XPL	Solitario Resources Corp. Basic Materials	Held	632,458	0	$518,615	+17.1%	0.35%
MERC	Mercer International Inc. Basic Materials	Held	308,927	0	$438,676	−28.3%	0.30%
WFG	West Fraser Timber Co., Ltd Basic Materials	NEW	3,142	NEW	$205,141	NEW	0.14%
DC	Dakota Gold Corp. Basic Materials	Held	30,000	0	$151,500	−11.1%	0.10%