Goehring & Rozencwajg Associates, LLC
Clone Performance
Sep 2023–Sep 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Returns are unavailable when a held security or benchmark crosses a captured split without a certified price basis; the requested window is not shortened to hide it. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
41 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 78.4% | $1,362,866,767 |
| Basic Materials | 21.6% | $375,668,848 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NTR | Nutrien Ltd. | +632,728 | 1,455,019 | $91,593,446 | |
| DNN | Denison Mines Corp. | +396,540 | 5,117,155 | $15,658,494 | |
| CNR | Core Natural Resources, Inc. | +392,752 | 1,100,977 | $88,100,179 | |
| HCC | Warrior Met Coal, Inc. | +352,932 | 951,045 | $77,186,812 | |
| AMR | Alpha Metallurgical Resources, Inc. | +322,675 | 564,714 | $93,143,927 | |
| SBSW | Sibanye Stillwater Ltd | +310,725 | 4,580,794 | $38,890,941 | |
| MOS | Mosaic Co | +256,651 | 1,178,956 | $24,982,077 | |
| CNQ | CANADIAN NATURAL RESOURCES Ltd | +215,402 | 3,043,255 | $120,208,572 | |
| RRC | Range Resources Corp | +198,864 | 2,920,613 | $108,617,597 | |
| SDRL | SEADRILL Ltd | +187,101 | 2,636,666 | $99,718,708 | |
| SLB | Slb Limited/Nv | +156,323 | 2,454,873 | $114,127,045 | |
| UEC | Uranium Energy Corp | +155,865 | 2,357,786 | $25,133,998 | |
| NXE | NexGen Energy Ltd. | +153,759 | 1,964,702 | $18,448,551 | |
| IE | Ivanhoe Electric Inc. | +152,899 | 2,267,908 | $21,794,595 | |
| NE | Noble Corp plc | +146,395 | 1,987,601 | $74,137,517 | |
| SU | Suncor Energy Inc | +134,545 | 1,974,700 | $106,001,896 | |
| URG | Ur-Energy Inc | +131,030 | 4,384,124 | $5,962,408 | |
| BORR | Borr Drilling Ltd | +119,210 | 2,238,675 | $9,245,727 | |
| AR | ANTERO RESOURCES Corp | +114,593 | 1,731,731 | $60,853,027 | |
| UUUU | Energy Fuels Inc | +105,268 | 1,590,170 | $23,057,465 | |
| PR | Permian Resources Corp | +99,700 | 1,914,400 | $35,244,104 | |
| VAL | Valaris Ltd | +94,191 | 1,413,542 | $102,623,149 | |
| EQT | EQT Corp | +81,206 | 1,240,409 | $65,952,546 | |
| OII | Oceaneering International Inc | +61,890 | 775,476 | $31,422,287 | |
| CCJ | Cameco Corp | +56,897 | 893,328 | $90,994,390 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| FCX | Freeport-Mcmoran Inc | −101,340 | 21,912 | $1,378,045 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CNQ |
CANADIAN NATURAL RESOURCES Ltd
Energy
|
Added | 3,043,255 | $120,208,572 | 6.91% | |
| SLB |
Slb Limited/Nv
Energy
|
Added | 2,454,873 | $114,127,045 | 6.56% | |
| RRC |
Range Resources Corp
Energy
|
Added | 2,920,613 | $108,617,597 | 6.25% | |
| SU |
Suncor Energy Inc
Energy
|
Added | 1,974,700 | $106,001,896 | 6.10% | |
| VAL |
Valaris Ltd
Energy
|
Added | 1,413,542 | $102,623,149 | 5.90% | |
| SDRL |
SEADRILL Ltd
Energy
|
Added | 2,636,666 | $99,718,708 | 5.74% | |
| AMR |
Alpha Metallurgical Resources, Inc.
Basic Materials
|
Added | 564,714 | $93,143,927 | 5.36% | |
| NTR |
Nutrien Ltd.
Basic Materials
|
Added | 1,455,019 | $91,593,446 | 5.27% | |
| CCJ |
Cameco Corp
Energy
|
Added | 893,328 | $90,994,390 | 5.23% | |
| CNR |
Core Natural Resources, Inc.
Energy
|
Added | 1,100,977 | $88,100,179 | 5.07% | |
| HCC |
Warrior Met Coal, Inc.
Basic Materials
|
Added | 951,045 | $77,186,812 | 4.44% | |
| NE |
Noble Corp plc
Energy
|
Added | 1,987,601 | $74,137,517 | 4.26% | |
| EQT |
EQT Corp
Energy
|
Added | 1,240,409 | $65,952,546 | 3.79% | |
| AR |
ANTERO RESOURCES Corp
Energy
|
Added | 1,731,731 | $60,853,027 | 3.50% | |
| SBSW |
Sibanye Stillwater Ltd
Basic Materials
|
Added | 4,580,794 | $38,890,941 | 2.24% | |
| LEU |
Centrus Energy Corp
Energy
|
Added | 216,750 | $36,385,822 | 2.09% | |
| PR |
Permian Resources Corp
Energy
|
Added | 1,914,400 | $35,244,104 | 2.03% | |
| CHRD |
Chord Energy Corp
Energy
|
Added | 306,981 | $35,087,928 | 2.02% | |
| OII |
Oceaneering International Inc
Energy
|
Added | 775,476 | $31,422,287 | 1.81% | |
| UEC |
Uranium Energy Corp
Energy
|
Added | 2,357,786 | $25,133,998 | 1.45% | |
| MOS |
Mosaic Co
Basic Materials
|
Added | 1,178,956 | $24,982,077 | 1.44% | |
| MTDR |
Matador Resources Co
Energy
|
Added | 482,216 | $24,004,712 | 1.38% | |
| UUUU |
Energy Fuels Inc
Energy
|
Added | 1,590,170 | $23,057,465 | 1.33% | |
| IE |
Ivanhoe Electric Inc.
Basic Materials
|
Added | 2,267,908 | $21,794,595 | 1.25% | |
| EXE |
EXPAND ENERGY Corp
Energy
|
Added | 237,837 | $21,688,356 | 1.25% | |
| FANG |
Diamondback Energy, Inc.
Energy
|
Added | 119,576 | $21,019,069 | 1.21% | |
| NXE |
NexGen Energy Ltd.
Energy
|
Added | 1,964,702 | $18,448,551 | 1.06% | |
| DNN |
Denison Mines Corp.
Energy
|
Added | 5,117,155 | $15,658,494 | 0.90% | |
| CRK |
Comstock Resources Inc
Energy
|
Added | 907,267 | $13,536,423 | 0.78% | |
| SM |
SM Energy Co
Energy
|
Added | 513,406 | $13,399,896 | 0.77% | |
| IPI |
Intrepid Potash, Inc.
Basic Materials
|
Added | 297,866 | $9,764,047 | 0.56% | |
| BORR |
Borr Drilling Ltd
Energy
|
Added | 2,238,675 | $9,245,727 | 0.53% | |
| TMQ |
Trilogy Metals Inc.
Basic Materials
|
Added | 1,775,530 | $6,232,110 | 0.36% | |
| URG |
Ur-Energy Inc
Energy
|
Added | 4,384,124 | $5,962,408 | 0.34% | |
| NG |
Novagold Resources Inc
Basic Materials
|
Added | 710,721 | $4,243,004 | 0.24% | |
| CMCL |
Caledonia Mining Corp Plc
Basic Materials
|
Added | 156,906 | $2,996,904 | 0.17% | |
| EU |
enCore Energy Corp.
Energy
|
Added | 1,508,483 | $1,976,112 | 0.11% | |
| TFPM |
Triple Flag Precious Metals Corp.
Basic Materials
|
Added | 61,584 | $1,845,672 | 0.11% | |
|
|
Added | 165,196 | $1,617,268 | 0.09% | ||
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Reduced | 21,912 | $1,378,045 | 0.08% | |
| TDW |
Tidewater Inc
Energy
|
Held | 3,914 | $260,789 | 0.02% |
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.