Goehring & Rozencwajg Associates, LLC Long-Term Concentrated

Location: New York, NY

CIK: 0001863154 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 12, 2025

Total Value: $654M (100.0% shares, 0.0% debt)

Holdings (41)

RRC RANGE RES CORP 8.7%

Value $57.21M Shares 1,406,795 Est. Cost $28.69 Unrealized +31.4%

CCJ CAMECO CORP 7.4%

Value $48.17M Shares 648,982 Est. Cost $26.71 Unrealized +99.4%

NTR NUTRIEN LTD 7.0%

Value $45.49M Shares 781,074 Est. Cost $53.41 Unrealized +4.8%

SDRL SEADRILL LTD 6.8%

Value $44.21M Shares 1,684,001 Est. Cost $33.19 Unrealized -28.9%

EQT EQT CORP 5.3%

Value $34.48M Shares 591,155 Est. Cost $37.64 Unrealized +42.4%

LEU CENTRUS ENERGY CORP 5.2%

Value $33.97M Shares 185,422 Est. Cost $40.61 Unrealized +162.9%

AR ANTERO RESOURCES CORP 5.1%

Value $33.22M Shares 824,612 Est. Cost $32.09 Unrealized +18.0%

AGI ALAMOS GOLD INC NEW 4.8%

Value $31.11M Shares 1,171,247 Est. Cost $14.28 Unrealized +87.0%

SBSW SIBANYE STILLWATER LTD 3.7%

Value $24.18M Shares 3,348,841 Est. Cost $4.24 Unrealized —

CNR CORE NATURAL RESOURCES INC 3.0%

Value $19.75M Shares 283,245 Est. Cost $84.05 Unrealized -15.7%

VAL VALARIS LTD 2.8%

Value $18.19M Shares 432,021 Est. Cost $48.30 Unrealized -22.1%

CNQ CANADIAN NAT RES LTD 2.7%

Value $17.66M Shares 561,642 Est. Cost $32.24 Unrealized -7.0%

MOS MOSAIC CO NEW 2.4%

Value $15.58M Shares 427,078 Est. Cost $40.41 Unrealized -22.3%

IE IVANHOE ELECTRIC INC 2.3%

Value $15.36M Shares 1,693,316 Est. Cost $12.07 Unrealized -42.5%

SKE SKEENA RES LTD NEW 2.1%

Value $13.85M Shares 870,153 Est. Cost $4.65 Unrealized +171.1%

MTDR MATADOR RES CO 2.1%

Value $13.71M Shares 287,404 Est. Cost $61.30 Unrealized -28.0%

EQX EQUINOX GOLD CORP 2.0%

Value $12.98M Shares 2,244,877 Est. Cost $5.19 Unrealized +25.3%

EXE EXPAND ENERGY CORPORATION 2.0%

Value $12.91M Shares 110,383 Est. Cost $84.61 Unrealized +28.9%

ORLA ORLA MNG LTD NEW 1.8%

Value $11.83M Shares 1,176,349 Est. Cost $3.81 Unrealized +172.6%

UEC URANIUM ENERGY CORP 1.8%

Value $11.78M Shares 1,732,811 Est. Cost $4.08 Unrealized +37.4%

CRK COMSTOCK RES INC 1.7%

Value $11.31M Shares 408,590 Est. Cost $10.43 Unrealized +118.2%

NE NOBLE CORP PLC 1.6%

Value $10.15M Shares 382,240 Est. Cost $34.29 Unrealized -33.1%

NXE NEXGEN ENERGY LTD 1.5%

Value $10.03M Shares 1,445,108 Est. Cost $4.90 Unrealized +15.3%

FCX FREEPORT-MCMORAN INC 1.5%

Value $9.75M Shares 224,924 Est. Cost $36.55 Unrealized +3.1%

OII OCEANEERING INTL INC 1.5%

Value $9.638M Shares 465,178 Est. Cost $16.77 Unrealized +15.0%

FANG DIAMONDBACK ENERGY INC 1.5%

Value $9.574M Shares 69,677 Est. Cost $140.93 Unrealized -3.4%

AMR ALPHA METALLURGICAL RESOUR I 1.3%

Value $8.311M Shares 73,893 Est. Cost $192.16 Unrealized -39.2%

HBM HUDBAY MINERALS INC 1.3%

Value $8.262M Shares 778,065 Est. Cost $5.68 Unrealized +46.6%

IPI INTREPID POTASH INC 1.1%

Value $7.415M Shares 207,525 Est. Cost $31.72 Unrealized +7.5%

PAAS PAN AMERN SILVER CORP 1.1%

Value $7.004M Shares 246,608 Est. Cost $16.94 Unrealized +52.7%

DNN DENISON MINES CORP 1.0%

Value $6.838M Shares 3,756,986 Est. Cost $1.40 Unrealized +8.2%

UUUU ENERGY FUELS INC 1.0%

Value $6.719M Shares 1,168,516 Est. Cost $6.39 Unrealized -24.9%

SLB SCHLUMBERGER LTD 0.9%

Value $6.129M Shares 181,320 Est. Cost $46.16 Unrealized -26.5%

CIVI CIVITAS RESOURCES INC 0.8%

Value $5.302M Shares 192,670 Est. Cost $51.65 Unrealized -46.4%

NG NOVAGOLD RES INC 0.7%

Value $4.613M Shares 1,127,844 Est. Cost $4.08 Unrealized -8.2%

CMCL CALEDONIA MNG CORP PLC 0.7%

Value $4.483M Shares 232,065 Est. Cost $10.30 Unrealized +51.2%

URG UR-ENERGY INC 0.5%

Value $3.466M Shares 3,301,117 Est. Cost $1.14 Unrealized -30.1%

EU ENCORE ENERGY CORP 0.5%

Value $3.321M Shares 1,161,320 Est. Cost $2.70 Unrealized -33.4%

TFPM TRIPLE FLAG PRECIOUS METAL 0.4%

Value $2.375M Shares 100,088 Est. Cost $14.09 Unrealized +55.5%

BORR BORR DRILLING LTD 0.3%

Value $1.892M Shares 1,033,961 Est. Cost $6.36 Unrealized -70.3%

TMQ TRILOGY METALS INC NEW 0.3%

Value $1.739M Shares 1,279,509 Est. Cost $0.57 Unrealized +145.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RRC	RANGE RES CORP	1,406,795	$57.21M	8.7%	$28.69	+31.4%	COM	75281A109
CCJ	CAMECO CORP	648,982	$48.17M	7.4%	$26.71	+99.4%	COM	13321L108
NTR	NUTRIEN LTD	781,074	$45.49M	7.0%	$53.41	+4.8%	COM	67077M108
SDRL	SEADRILL LTD	1,684,001	$44.21M	6.8%	$33.19	-28.9%	COM	G7997W102
EQT	EQT CORP	591,155	$34.48M	5.3%	$37.64	+42.4%	COM	26884L109
LEU	CENTRUS ENERGY CORP	185,422	$33.97M	5.2%	$40.61	+162.9%	CL A	15643U104
AR	ANTERO RESOURCES CORP	824,612	$33.22M	5.1%	$32.09	+18.0%	COM	03674X106
AGI	ALAMOS GOLD INC NEW	1,171,247	$31.11M	4.8%	$14.28	+87.0%	COM CL A	011532108
SBSW	SIBANYE STILLWATER LTD	3,348,841	$24.18M	3.7%	$4.24	—	SPONSORED ADR	82575P107
CNR	CORE NATURAL RESOURCES INC	283,245	$19.75M	3.0%	$84.05	-15.7%	COM SHS	218937100
VAL	VALARIS LTD	432,021	$18.19M	2.8%	$48.30	-22.1%	CL A	G9460G101
CNQ	CANADIAN NAT RES LTD	561,642	$17.66M	2.7%	$32.24	-7.0%	COM	136385101
MOS	MOSAIC CO NEW	427,078	$15.58M	2.4%	$40.41	-22.3%	COM	61945C103
IE	IVANHOE ELECTRIC INC	1,693,316	$15.36M	2.3%	$12.07	-42.5%	COM	46578C108
SKE	SKEENA RES LTD NEW	870,153	$13.85M	2.1%	$4.65	+171.1%	COM	83056P715
MTDR	MATADOR RES CO	287,404	$13.71M	2.1%	$61.30	-28.0%	COM	576485205
EQX	EQUINOX GOLD CORP	2,244,877	$12.98M	2.0%	$5.19	+25.3%	COM	29446Y502
EXE	EXPAND ENERGY CORPORATION	110,383	$12.91M	2.0%	$84.61	+28.9%	COM	165167735
ORLA	ORLA MNG LTD NEW	1,176,349	$11.83M	1.8%	$3.81	+172.6%	COM	68634K106
UEC	URANIUM ENERGY CORP	1,732,811	$11.78M	1.8%	$4.08	+37.4%	COM	916896103
CRK	COMSTOCK RES INC	408,590	$11.31M	1.7%	$10.43	+118.2%	COM	205768302
NE	NOBLE CORP PLC	382,240	$10.15M	1.6%	$34.29	-33.1%	ORD SHS A	G65431127
NXE	NEXGEN ENERGY LTD	1,445,108	$10.03M	1.5%	$4.90	+15.3%	COM	65340P106
FCX	FREEPORT-MCMORAN INC	224,924	$9.75M	1.5%	$36.55	+3.1%	CL B	35671D857
OII	OCEANEERING INTL INC	465,178	$9.638M	1.5%	$16.77	+15.0%	COM	675232102
FANG	DIAMONDBACK ENERGY INC	69,677	$9.574M	1.5%	$140.93	-3.4%	COM	25278X109
AMR	ALPHA METALLURGICAL RESOUR I	73,893	$8.311M	1.3%	$192.16	-39.2%	COM	020764106
HBM	HUDBAY MINERALS INC	778,065	$8.262M	1.3%	$5.68	+46.6%	COM	443628102
IPI	INTREPID POTASH INC	207,525	$7.415M	1.1%	$31.72	+7.5%	COM	46121Y201
PAAS	PAN AMERN SILVER CORP	246,608	$7.004M	1.1%	$16.94	+52.7%	COM	697900108
DNN	DENISON MINES CORP	3,756,986	$6.838M	1.0%	$1.40	+8.2%	COM	248356107
UUUU	ENERGY FUELS INC	1,168,516	$6.719M	1.0%	$6.39	-24.9%	COM NEW	292671708
SLB	SCHLUMBERGER LTD	181,320	$6.129M	0.9%	$46.16	-26.5%	COM STK	806857108
CIVI	CIVITAS RESOURCES INC	192,670	$5.302M	0.8%	$51.65	-46.4%	COM NEW	17888H103
NG	NOVAGOLD RES INC	1,127,844	$4.613M	0.7%	$4.08	-8.2%	COM NEW	66987E206
CMCL	CALEDONIA MNG CORP PLC	232,065	$4.483M	0.7%	$10.30	+51.2%	SHS NEW	G1757E113
URG	UR-ENERGY INC	3,301,117	$3.466M	0.5%	$1.14	-30.1%	COM	91688R108
EU	ENCORE ENERGY CORP	1,161,320	$3.321M	0.5%	$2.70	-33.4%	COM NEW	29259W700
TFPM	TRIPLE FLAG PRECIOUS METAL	100,088	$2.375M	0.4%	$14.09	+55.5%	COM	89679M104
BORR	BORR DRILLING LTD	1,033,961	$1.892M	0.3%	$6.36	-70.3%	SHS	G1466R173
TMQ	TRILOGY METALS INC NEW	1,279,509	$1.739M	0.3%	$0.57	+145.2%	COM	89621C105