Electrum Group LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $2,504,751,790 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $1,711,598,889 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $1,725,252,289 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $1,745,373,448 | Pooled investment vehicles (100%) |
| Apr 2023 | $1,745,373,448 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $211,976,959 | Pooled investment vehicles (100%) |
In the firm's words
- Fundamental active:
The Adviser employs fundamental research, specific industry knowledge, proprietary relationships and strategic alliances with management teams.
- Activist:
The Adviser will generally seek to invest Client assets in investment opportunities that allow the Adviser to have an influence on management, operations and strategic direction.
- Private markets:
Strategic and generative investments include investments in the securities and assets of public and private companies in the natural resources sector.
- Fixed income / rates:
The Adviser at times will invest Client assets in the debt or convertible debt securities of natural resources companies.
Schedule 13D/13G stakes
Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.
| Company | Schedule | Event date | Filed | Shares | % of class | Status |
|---|---|---|---|---|---|---|
| TMQ Trilogy Metals Inc. | 13D/A Other | Dec 26, 2025 | 10mo | 31,604,741 | 18.5% | Current |
A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 99.7%; sector active share 96.6% against the combined 13F book's sector weights.
Over time 3 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
10 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Basic Materials | 98.8% | $3,345,943,542 |
| Unclassified | 1.2% | $39,598,937 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedTrimmed
Positions the filer reducedSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SIND |
Sinda Ltd.
Basic Materials
|
NEW | 122,953,908 | $1,475,446,896 | 43.58% | |
| SSMR |
Sunshine Silver Mining & Refining Co
Basic Materials
|
NEW | 85,364,838 | $1,128,523,158 | 33.33% | |
| NG |
Novagold Resources Inc
Basic Materials
|
Held | 92,902,813 | $554,629,793 | 16.38% | |
| TMQ |
Trilogy Metals Inc.
Basic Materials
|
Held | 31,604,741 | $110,932,640 | 3.28% | |
| THM |
International Tower Hill Mines Ltd
Basic Materials
|
Held | 31,918,825 | $63,518,461 | 1.88% | |
| SILJ |
|
Held | 777,615 | $20,155,780 | 0.60% | |
| SIL |
Global X Silver Miners ETF
|
Held | 251,009 | $19,443,157 | 0.57% | |
| HL |
Hecla Mining Co
Basic Materials
|
Held | 356,251 | $5,496,952 | 0.16% | |
| PAAS |
Pan American Silver Corp
Basic Materials
|
Held | 92,130 | $4,126,502 | 0.12% | |
| CDE |
Coeur Mining, Inc.
Basic Materials
|
Held | 200,315 | $3,269,140 | 0.10% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.