FOUNDATION RESOURCE MANAGEMENT INC

Endowment

CIK

1179232

Location

LITTLE ROCK, AR

Portfolio Value

Small $884,931,083

Diversification

Diversified

Filing Date

Global Rank

#1,632 / 8,232 ▲ 329

Top Industry

Oil & Gas Integrated 15.2%

3Y Alpha vs SPY

-2.2%

Period ended 2 months ago

Filed Apr 21, 2026 · 54d

25 quarters · since Mar 2020

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

+66.9%

SPY

+76.3%

Annualised alpha

-2.2%

Max drawdown

−14.5%

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

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

Top Position

8.1%

+0.4 pts

Top 5

30.3%

−1.8 pts

Top 10

49.1%

−3.2 pts

HHI

349

Diversified−31

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	27.6%	$244,332,377	16
Basic Materials	22.2%	$196,850,249	7
Financial Services	11.0%	$97,242,130	6
Healthcare	10.7%	$94,750,854	7
Consumer Defensive	10.1%	$89,684,901	6
Technology	6.9%	$60,910,238	4
Communication Services	5.8%	$51,509,932	2
Industrials	3.6%	$32,099,860	5
Consumer Cyclical	2.0%	$17,550,542	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HPQ	Hp Inc	+732,200	1,107,004	$21,265,546
ABEV	Ambev S.A.	+167,031	7,106,351	$20,750,544
DEO	Diageo PLC	+134,337	240,164	$17,880,209
CMCSA	Comcast Corp	+45,542	671,474	$19,278,018
CNH	CNH Industrial N.V.	+38,897	684,337	$7,527,707
MOS	Mosaic Co	+32,263	683,731	$17,435,140
PFE	Pfizer Inc	+31,939	932,485	$26,184,178
CVE	Cenovus Energy Inc.	+24,256	505,637	$13,414,549
DVN	Devon Energy Corp/De	+19,935	147,762	$7,435,383
TRC	Tejon Ranch Co	+17,513	512,314	$9,651,995
VZ	Verizon Communications Inc	+16,541	642,070	$32,231,914
APA	APA Corp	+16,317	260,559	$11,058,123
LKQ	Lkq Corp	+14,858	597,567	$17,550,542
NTR	Nutrien Ltd.	+13,524	186,276	$14,056,386
SNY	Sanofi	+12,503	273,137	$13,159,740
KHC	Kraft Heinz Co	+12,115	324,024	$7,287,299
BMY	Bristol Myers Squibb Co	+10,014	165,854	$10,059,045
OVV	Ovintiv Inc.	+9,269	103,490	$6,143,166
MRK	Merck & Co., Inc.	+9,114	202,209	$24,323,720
NVO	Novo Nordisk A S	+5,312	174,126	$6,399,130
PKE	Park Aerospace Corp	+2,580	506,077	$13,856,388
CVX	Chevron Corp	+2,441	235,897	$48,807,089
COP	Conocophillips	+1,600	287,236	$37,915,152
L	Loews Corp	+1,022	127,658	$13,626,214
BRK-B	Berkshire Hathaway Inc	+503	96,981	$46,473,295
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
B	Barrick Mining Corp	−210,024	386,883	$15,780,957
NEM	NEWMONT Corp /DE/	−71,028	500,734	$54,204,455
INTC	Intel Corp	−44,021	458,581	$20,237,179
AEM	Agnico Eagle Mines Ltd	−35,292	176,295	$35,784,359
RIG	Transocean Ltd.	−15,569	169,298	$1,122,445
PBT	Permian Basin Royalty Trust	−12,300	630,207	$13,562,054
FCX	Freeport-Mcmoran Inc	−11,450	209,763	$12,329,869
FHI	Federated Hermes, Inc.	−8,907	386,986	$21,945,976
EAF	Graftech International Ltd	−7,921	107,137	$726,388
TECK	Teck Resources Ltd	−7,732	913,219	$47,259,083
TEN	Tsakos Energy Navigation Ltd	−5,959	342,773	$13,525,822
GILD	Gilead Sciences, Inc.	−5,508	102,997	$14,354,691
BEN	Franklin Resources Inc	−4,366	585,415	$13,827,502
DG	Dollar General Corp	−1,512	283,418	$33,650,219
PSX	Phillips 66	−987	61,813	$11,261,092
CCJ	Cameco Corp	−976	56,025	$6,084,875
XOM	Exxon Mobil Corp	−550	421,849	$71,570,901
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
ADBE	Adobe Inc.	78,445	$19,068,410
CPB	CAMPBELL'S Co	356,600	$7,941,482
MUR	Murphy Oil Corp	6,050	$249,562
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

54 positions · $884,931,083 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 54 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
XOM	Exxon Mobil Corp Energy	Reduced	421,849	-550	$71,570,901	+40.8%	8.09%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	500,734	-71,028	$54,204,455	−5.1%	6.13%
CVX	Chevron Corp Energy	Added	235,897	+2,441	$48,807,089	+37.2%	5.52%
TECK	Teck Resources Ltd Basic Materials	Reduced	913,219	-7,732	$47,259,083	+7.2%	5.34%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	96,981	+503	$46,473,295	−4.2%	5.25%
COP	Conocophillips Energy	Added	287,236	+1,600	$37,915,152	+41.8%	4.28%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	176,295	-35,292	$35,784,359	−0.2%	4.04%
DG	Dollar General Corp Consumer Defensive	Reduced	283,418	-1,512	$33,650,219	−11.0%	3.80%
VZ	Verizon Communications Inc Communication Services	Added	642,070	+16,541	$32,231,914	+26.5%	3.64%
PFE	Pfizer Inc Healthcare	Added	932,485	+31,939	$26,184,178	+16.8%	2.96%
MRK	Merck & Co., Inc. Healthcare	Added	202,209	+9,114	$24,323,720	+19.7%	2.75%
FHI	Federated Hermes, Inc. Financial Services	Reduced	386,986	-8,907	$21,945,976	+6.5%	2.48%
HPQ	Hp Inc Technology	Added	1,107,004	+732,200	$21,265,546	+154.7%	2.40%
ABEV	Ambev S.A. Consumer Defensive	Added	7,106,351	+167,031	$20,750,544	+21.1%	2.34%
INTC	Intel Corp Technology	Reduced	458,581	-44,021	$20,237,179	+9.1%	2.29%
CMCSA	Comcast Corp Communication Services	Added	671,474	+45,542	$19,278,018	+9.9%	2.18%
ADBE	Adobe Inc. Technology	NEW	78,445	NEW	$19,068,410	NEW	2.15%
DEO	Diageo PLC Consumer Defensive	Added	240,164	+134,337	$17,880,209	+95.8%	2.02%
LKQ	Lkq Corp Consumer Cyclical	Added	597,567	+14,858	$17,550,542	−0.3%	1.98%
MOS	Mosaic Co Basic Materials	Added	683,731	+32,263	$17,435,140	+11.1%	1.97%
B	Barrick Mining Corp Basic Materials	Reduced	386,883	-210,024	$15,780,957	−39.3%	1.78%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	102,997	-5,508	$14,354,691	+7.8%	1.62%
NTR	Nutrien Ltd. Basic Materials	Added	186,276	+13,524	$14,056,386	+31.8%	1.59%
PKE	Park Aerospace Corp Industrials	Added	506,077	+2,580	$13,856,388	+29.0%	1.57%
BEN	Franklin Resources Inc Financial Services	Reduced	585,415	-4,366	$13,827,502	−1.9%	1.56%
L	Loews Corp Financial Services	Added	127,658	+1,022	$13,626,214	+2.2%	1.54%
PBT	Permian Basin Royalty Trust Energy	Reduced	630,207	-12,300	$13,562,054	+24.3%	1.53%
TEN	Tsakos Energy Navigation Ltd Energy	Reduced	342,773	-5,959	$13,525,822	+73.0%	1.53%
CVE	Cenovus Energy Inc. Energy	Added	505,637	+24,256	$13,414,549	+64.7%	1.52%
SNY	Sanofi Healthcare	Added	273,137	+12,503	$13,159,740	+4.2%	1.49%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	209,763	-11,450	$12,329,869	+9.7%	1.39%
PSX	Phillips 66 Energy	Reduced	61,813	-987	$11,261,092	+39.0%	1.27%
APA	APA Corp Energy	Added	260,559	+16,317	$11,058,123	+85.1%	1.25%
BMY	Bristol Myers Squibb Co Healthcare	Added	165,854	+10,014	$10,059,045	+19.7%	1.14%
TRC	Tejon Ranch Co Industrials	Added	512,314	+17,513	$9,651,995	+23.7%	1.09%
CPB	CAMPBELL'S Co Consumer Defensive	NEW	356,600	NEW	$7,941,482	NEW	0.90%
CNH	CNH Industrial N.V. Industrials	Added	684,337	+38,897	$7,527,707	+26.5%	0.85%
DVN	Devon Energy Corp/De Energy	Added	147,762	+19,935	$7,435,383	+58.8%	0.84%
KHC	Kraft Heinz Co Consumer Defensive	Added	324,024	+12,115	$7,287,299	−3.7%	0.82%
NVO	Novo Nordisk A S Healthcare	Added	174,126	+5,312	$6,399,130	−25.5%	0.72%
OVV	Ovintiv Inc. Energy	Added	103,490	+9,269	$6,143,166	+66.4%	0.69%
CCJ	Cameco Corp Energy	Reduced	56,025	-976	$6,084,875	+16.7%	0.69%
WMT	Walmart Inc. Consumer Defensive	Held	17,502	0	$2,175,148	+11.6%	0.25%
MPC	Marathon Petroleum Corp Energy	Held	4,929	0	$1,203,563	+50.1%	0.14%
RIG	Transocean Ltd. Energy	Reduced	169,298	-15,569	$1,122,445	+47.0%	0.13%
IMO	Imperial Oil Ltd Energy	Held	6,945	0	$908,544	+51.6%	0.10%
EAF	Graftech International Ltd Industrials	Reduced	107,137	-7,921	$726,388	−59.3%	0.08%
CB	Chubb Ltd Financial Services	Held	2,129	0	$693,904	+4.4%	0.08%
TRV	Travelers Companies, Inc. Financial Services	Held	2,315	0	$675,239	+0.6%	0.08%
IBM	International Business Machines Corp Technology	Held	1,399	0	$339,103	−18.2%	0.04%