AEGIS FINANCIAL CORP Long-Term Concentrated

CIK: 0001140753 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 12, 2025

Total Value ($000): $261,317 (100.0% shares, 0.0% debt)

Holdings (26)

EQX EQUINOX GOLD CORP 20.7%

Value ($000) $53,990 Shares 4,817,923 Est. Cost $4.87 Unrealized +63.2%

HNRG HALLADOR ENERGY COMPANY 15.1%

Value ($000) $39,355 Shares 2,010,994 Est. Cost $8.24 Unrealized +108.6%

PDS PRECISION DRILLING CORP 9.8%

Value ($000) $25,486 Shares 452,359 Est. Cost $56.40 Unrealized -3.0%

NGS NATURAL GAS SVCS GROUP INC 7.2%

Value ($000) $18,784 Shares 671,112 Est. Cost $10.23 Unrealized +148.4%

PBF PBF ENERGY INC 7.2%

Value ($000) $18,719 Shares 620,460 Est. Cost $19.01 Unrealized +37.5%

CVE CENOVUS ENERGY INC 6.0%

Value ($000) $15,639 Shares 920,500 Est. Cost $15.61 Unrealized 0.0%

TDW TIDEWATER INC NEW 5.6%

Value ($000) $14,747 Shares 276,529 Est. Cost $47.23 Unrealized +16.0%

GAU GALIANO GOLD INC 5.6%

Value ($000) $14,504 Shares 6,659,321 Est. Cost $1.40 Unrealized +33.1%

NOA NORTH AMERN CONSTR GROUP LTD 4.6%

Value ($000) $11,965 Shares 841,934 Est. Cost $14.56 Unrealized 0.0%

EGO ELDORADO GOLD CORP NEW 4.6%

Value ($000) $11,925 Shares 412,779 Est. Cost $7.12 Unrealized +230.8%

BSET BASSETT FURNITURE INDS INC 2.8%

Value ($000) $7,447 Shares 476,119 Est. Cost $14.20 Unrealized +14.1%

VET VERMILION ENERGY INC 2.6%

Value ($000) $6,801 Shares 870,492 Est. Cost $7.45 Unrealized +3.7%

ASTL ALGOMA STL GROUP INC 2.4%

Value ($000) $6,350 Shares 1,786,122 Est. Cost $6.49 Unrealized -18.2%

EFXT ENERFLEX LTD 2.3%

Value ($000) $5,946 Shares 551,151 Est. Cost $5.50 Unrealized +68.8%

WHG WESTWOOD HLDGS GROUP INC 0.6%

Value ($000) $1,648 Shares 99,926 Est. Cost $10.53 Unrealized +63.5%

SLV ISHARES SILVER TR 0.6%

Value ($000) $1,499 Shares 35,383 Est. Cost $22.02 Unrealized —

HNNA HENNESSY ADVISORS INC 0.6%

Value ($000) $1,477 Shares 141,353 Est. Cost $7.13 Unrealized +65.6%

IAUX I-80 GOLD CORP 0.4%

Value ($000) $1,076 Shares 1,126,349 Est. Cost $2.30 Unrealized -68.4%

ASC ARDMORE SHIPPING CORP 0.4%

Value ($000) $1,064 Shares 89,612 Est. Cost $7.85 Unrealized +42.2%

MERC MERCER INTL INC 0.3%

Value ($000) $890 Shares 309,007 Est. Cost $7.06 Unrealized -53.3%

MIND MIND TECHNOLOGY INC 0.2%

Value ($000) $644 Shares 79,572 Est. Cost $4.20 Unrealized +114.3%

XPL SOLITARIO RESOURCES CORP 0.2%

Value ($000) $441 Shares 632,458 Est. Cost $0.39 Unrealized +85.2%

GLD SPDR GOLD TR 0.1%

Value ($000) $294 Shares 828 Est. Cost $191.17 Unrealized —

CEF SPROTT ASSET MANAGEMENT LP 0.1%

Value ($000) $274 Shares 7,474 Est. Cost $28.41 Unrealized —

WFG WEST FRASER TIMBER CO LTD 0.1%

Value ($000) $214 Shares 3,142 Est. Cost $76.27 Unrealized -4.3%

DC DAKOTA GOLD CORP 0.1%

Value ($000) $137 Shares 30,000 Est. Cost $3.13 Unrealized +34.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQX	EQUINOX GOLD CORP	4,817,923	$53,990	20.7%	$4.87	+63.2%	COM	29446Y502
HNRG	HALLADOR ENERGY COMPANY	2,010,994	$39,355	15.1%	$8.24	+108.6%	COM	40609P105
PDS	PRECISION DRILLING CORP	452,359	$25,486	9.8%	$56.40	-3.0%	COM NEW	74022D407
NGS	NATURAL GAS SVCS GROUP INC	671,112	$18,784	7.2%	$10.23	+148.4%	COM	63886Q109
PBF	PBF ENERGY INC	620,460	$18,719	7.2%	$19.01	+37.5%	CL A	69318G106
CVE	CENOVUS ENERGY INC	920,500	$15,639	6.0%	$15.61	0.0%	COM	15135U109
TDW	TIDEWATER INC NEW	276,529	$14,747	5.6%	$47.23	+16.0%	COM	88642R109
GAU	GALIANO GOLD INC	6,659,321	$14,504	5.6%	$1.40	+33.1%	COM	36352H100
NOA	NORTH AMERN CONSTR GROUP LTD	841,934	$11,965	4.6%	$14.56	0.0%	COM	656811106
EGO	ELDORADO GOLD CORP NEW	412,779	$11,925	4.6%	$7.12	+230.8%	COM	284902509
BSET	BASSETT FURNITURE INDS INC	476,119	$7,447	2.8%	$14.20	+14.1%	COM	070203104
VET	VERMILION ENERGY INC	870,492	$6,801	2.6%	$7.45	+3.7%	COM	923725105
ASTL	ALGOMA STL GROUP INC	1,786,122	$6,350	2.4%	$6.49	-18.2%	COM	015658107
EFXT	ENERFLEX LTD	551,151	$5,946	2.3%	$5.50	+68.8%	COM	29269R105
WHG	WESTWOOD HLDGS GROUP INC	99,926	$1,648	0.6%	$10.53	+63.5%	COM	961765104
SLV	ISHARES SILVER TR	35,383	$1,499	0.6%	$22.02	—	ISHARES	46428Q109
HNNA	HENNESSY ADVISORS INC	141,353	$1,477	0.6%	$7.13	+65.6%	COM	425885100
IAUX	I-80 GOLD CORP	1,126,349	$1,076	0.4%	$2.30	-68.4%	COM	44955L106
ASC	ARDMORE SHIPPING CORP	89,612	$1,064	0.4%	$7.85	+42.2%	COM	Y0207T100
MERC	MERCER INTL INC	309,007	$890	0.3%	$7.06	-53.3%	COM	588056101
MIND	MIND TECHNOLOGY INC	79,572	$644	0.2%	$4.20	+114.3%	COM NEW	602566309
XPL	SOLITARIO RESOURCES CORP	632,458	$441	0.2%	$0.39	+85.2%	COM	8342EP107
GLD	SPDR GOLD TR	828	$294	0.1%	$191.17	—	GOLD SHS	78463V107
CEF	SPROTT ASSET MANAGEMENT LP	7,474	$274	0.1%	$28.41	—	PHYSICAL GOLD AN	85208R101
WFG	WEST FRASER TIMBER CO LTD	3,142	$214	0.1%	$76.27	-4.3%	COM	952845105
DC	DAKOTA GOLD CORP	30,000	$137	0.1%	$3.13	+34.5%	COM	46655E100