Electrum Group LLC

CIK

1565641

Location

NEW YORK, NY

Portfolio Value

Mid $1,036,571,506

Diversification

Highly concentrated

Filing Date

Global Rank

#1,472 / 8,232 ▲ 77

Top Industry

Gold 88.4%

3Y Alpha vs SPY

-92.1%

Period ended 2 months ago

Filed May 12, 2026 · 33d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

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

Cloned portfolio

-27.1%

SPY

+9.1%

Annualised alpha

-92.1%

Max drawdown

−48.5%

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

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

Top Position

80.5%

+0.9 pts

Top 5

99.6%

+0.4 pts

Top 10

100.0%

0.0 pts

HHI

6,648

Highly concentrated+130

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	100.0%	$1,036,571,506	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
THM	International Tower Hill Mines Ltd	+3,153,153	31,918,825	$73,413,297
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
HL	Hecla Mining Co/De/	−299,000	356,251	$6,636,956
CDE	Coeur Mining, Inc.	−281,000	200,315	$3,759,912
PAAS	Pan American Silver Corp	−124,000	92,130	$5,033,061
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

6 positions · $1,036,571,506 total · as of Mar 31, 2026

All sectors Basic Materials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NG	Novagold Resources Inc Basic Materials	Held	92,902,813	0	$834,267,260	−3.6%	80.48%
TMQ	Trilogy Metals Inc. Basic Materials	Held	31,604,741	0	$113,461,020	−16.7%	10.95%
THM	International Tower Hill Mines Ltd Basic Materials	Added	31,918,825	+3,153,153	$73,413,297	+37.2%	7.08%
HL	Hecla Mining Co/De/ Basic Materials	Reduced	356,251	-299,000	$6,636,956	−47.2%	0.64%
PAAS	Pan American Silver Corp Basic Materials	Reduced	92,130	-124,000	$5,033,061	−55.1%	0.49%
CDE	Coeur Mining, Inc. Basic Materials	Reduced	200,315	-281,000	$3,759,912	−56.2%	0.36%