FOUNDATION RESOURCE MANAGEMENT INC

Endowment

CIK

1179232

Location

LITTLE ROCK, AR

Portfolio Value

Small $196,850,249

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

7 positions · $196,850,249 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	500,734	-71,028	$54,204,455	−5.1%	27.54%
TECK	Teck Resources Ltd Basic Materials	Reduced	913,219	-7,732	$47,259,083	+7.2%	24.01%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	176,295	-35,292	$35,784,359	−0.2%	18.18%
MOS	Mosaic Co Basic Materials	Added	683,731	+32,263	$17,435,140	+11.1%	8.86%
B	Barrick Mining Corp Basic Materials	Reduced	386,883	-210,024	$15,780,957	−39.3%	8.02%
NTR	Nutrien Ltd. Basic Materials	Added	186,276	+13,524	$14,056,386	+31.8%	7.14%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	209,763	-11,450	$12,329,869	+9.7%	6.26%