Goehring & Rozencwajg Associates, LLC Long-Term Concentrated

CIK: 0001863154 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 10, 2025

Total Value ($000): $830,880 (100.0% shares, 0.0% debt)

Holdings (42)

CCJ CAMECO CORP 6.5%

Value ($000) $54,366 Shares 648,289 Est. Cost $26.71 Unrealized +189.7%

RRC RANGE RES CORP 6.4%

Value ($000) $53,116 Shares 1,411,151 Est. Cost $28.69 Unrealized +24.5%

SDRL SEADRILL LTD 6.2%

Value ($000) $51,209 Shares 1,695,114 Est. Cost $33.19 Unrealized -8.2%

LEU CENTRUS ENERGY CORP 6.0%

Value ($000) $49,917 Shares 160,987 Est. Cost $40.61 Unrealized +444.7%

NTR NUTRIEN LTD 5.5%

Value ($000) $45,808 Shares 780,238 Est. Cost $53.41 Unrealized +9.1%

VAL VALARIS LTD 5.3%

Value ($000) $44,012 Shares 902,440 Est. Cost $48.55 Unrealized +0.5%

AGI ALAMOS GOLD INC NEW 4.9%

Value ($000) $40,905 Shares 1,173,417 Est. Cost $14.28 Unrealized +100.1%

SBSW SIBANYE STILLWATER LTD 4.5%

Value ($000) $37,767 Shares 3,360,030 Est. Cost $4.24 Unrealized —

EQT EQT CORP 3.9%

Value ($000) $32,366 Shares 594,638 Est. Cost $37.64 Unrealized +39.8%

CNQ CANADIAN NAT RES LTD 3.9%

Value ($000) $32,178 Shares 1,004,981 Est. Cost $31.84 Unrealized -1.6%

NE NOBLE CORP PLC 3.7%

Value ($000) $30,589 Shares 1,081,635 Est. Cost $29.94 Unrealized -8.0%

AR ANTERO RESOURCES CORP 3.3%

Value ($000) $27,652 Shares 823,946 Est. Cost $32.09 Unrealized +3.9%

EQX EQUINOX GOLD CORP 3.0%

Value ($000) $25,290 Shares 2,252,347 Est. Cost $5.19 Unrealized +53.4%

CNR CORE NATURAL RESOURCES INC 2.9%

Value ($000) $23,821 Shares 285,352 Est. Cost $84.05 Unrealized -11.1%

UEC URANIUM ENERGY CORP 2.8%

Value ($000) $23,068 Shares 1,729,235 Est. Cost $4.08 Unrealized +145.4%

IE IVANHOE ELECTRIC INC 2.6%

Value ($000) $21,300 Shares 1,697,189 Est. Cost $12.07 Unrealized -18.1%

UUUU ENERGY FUELS INC 2.2%

Value ($000) $17,919 Shares 1,167,341 Est. Cost $6.39 Unrealized +66.2%

SKE SKEENA RES LTD NEW 1.9%

Value ($000) $16,133 Shares 874,822 Est. Cost $4.65 Unrealized +252.0%

MOS MOSAIC CO NEW 1.8%

Value ($000) $14,850 Shares 428,210 Est. Cost $40.41 Unrealized -15.9%

MTDR MATADOR RES CO 1.6%

Value ($000) $12,949 Shares 288,212 Est. Cost $61.30 Unrealized -20.4%

NXE NEXGEN ENERGY LTD 1.6%

Value ($000) $12,908 Shares 1,442,255 Est. Cost $4.90 Unrealized +50.5%

ORLA ORLA MNG LTD NEW 1.5%

Value ($000) $12,753 Shares 1,182,704 Est. Cost $3.81 Unrealized +180.9%

AMR ALPHA METALLURGICAL RESOUR I 1.5%

Value ($000) $12,214 Shares 74,436 Est. Cost $192.16 Unrealized -27.9%

EXE EXPAND ENERGY CORPORATION 1.4%

Value ($000) $11,771 Shares 110,801 Est. Cost $84.61 Unrealized +17.1%

HBM HUDBAY MINERALS INC 1.4%

Value ($000) $11,715 Shares 773,564 Est. Cost $5.68 Unrealized +101.5%

OII OCEANEERING INTL INC 1.4%

Value ($000) $11,549 Shares 466,058 Est. Cost $16.77 Unrealized +36.8%

DNN DENISON MINES CORP 1.2%

Value ($000) $10,321 Shares 3,753,145 Est. Cost $1.40 Unrealized +58.0%

NG NOVAGOLD RES INC 1.2%

Value ($000) $10,054 Shares 1,142,489 Est. Cost $4.10 Unrealized +49.0%

FANG DIAMONDBACK ENERGY INC 1.2%

Value ($000) $9,993 Shares 69,832 Est. Cost $140.93 Unrealized -0.1%

PAAS PAN AMERN SILVER CORP 1.2%

Value ($000) $9,608 Shares 248,080 Est. Cost $16.94 Unrealized +89.8%

FCX FREEPORT-MCMORAN INC 1.1%

Value ($000) $8,842 Shares 225,436 Est. Cost $36.55 Unrealized +18.2%

CMCL CALEDONIA MNG CORP PLC 1.0%

Value ($000) $8,475 Shares 234,065 Est. Cost $10.30 Unrealized +146.9%

CRK COMSTOCK RES INC 1.0%

Value ($000) $8,126 Shares 409,788 Est. Cost $10.43 Unrealized +77.4%

IPI INTREPID POTASH INC 0.8%

Value ($000) $6,368 Shares 208,232 Est. Cost $31.72 Unrealized -0.8%

CIVI CIVITAS RESOURCES INC 0.8%

Value ($000) $6,277 Shares 193,140 Est. Cost $51.65 Unrealized -39.8%

SLB SCHLUMBERGER LTD 0.8%

Value ($000) $6,249 Shares 181,807 Est. Cost $46.16 Unrealized -25.6%

URG UR-ENERGY INC 0.7%

Value ($000) $5,894 Shares 3,292,797 Est. Cost $1.14 Unrealized +18.7%

EU ENCORE ENERGY CORP 0.5%

Value ($000) $3,741 Shares 1,165,336 Est. Cost $2.70 Unrealized -0.3%

TFPM TRIPLE FLAG PRECIOUS METAL 0.4%

Value ($000) $2,948 Shares 100,724 Est. Cost $14.09 Unrealized +83.5%

TMQ TRILOGY METALS INC NEW 0.3%

Value ($000) $2,845 Shares 1,338,321 Est. Cost $0.63 Unrealized +183.9%

BORR BORR DRILLING LTD 0.3%

Value ($000) $2,805 Shares 1,042,699 Est. Cost $6.36 Unrealized -60.9%

TDW TIDEWATER INC NEW 0.0%

Value ($000) $209 Shares 3,914 Est. Cost $54.81 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCJ	CAMECO CORP	648,289	$54,366	6.5%	$26.71	+189.7%	COM	13321L108
RRC	RANGE RES CORP	1,411,151	$53,116	6.4%	$28.69	+24.5%	COM	75281A109
SDRL	SEADRILL LTD	1,695,114	$51,209	6.2%	$33.19	-8.2%	COM	G7997W102
LEU	CENTRUS ENERGY CORP	160,987	$49,917	6.0%	$40.61	+444.7%	CL A	15643U104
NTR	NUTRIEN LTD	780,238	$45,808	5.5%	$53.41	+9.1%	COM	67077M108
VAL	VALARIS LTD	902,440	$44,012	5.3%	$48.55	+0.5%	CL A	G9460G101
AGI	ALAMOS GOLD INC NEW	1,173,417	$40,905	4.9%	$14.28	+100.1%	COM CL A	011532108
SBSW	SIBANYE STILLWATER LTD	3,360,030	$37,767	4.5%	$4.24	—	SPONSORED ADR	82575P107
EQT	EQT CORP	594,638	$32,366	3.9%	$37.64	+39.8%	COM	26884L109
CNQ	CANADIAN NAT RES LTD	1,004,981	$32,178	3.9%	$31.84	-1.6%	COM	136385101
NE	NOBLE CORP PLC	1,081,635	$30,589	3.7%	$29.94	-8.0%	ORD SHS A	G65431127
AR	ANTERO RESOURCES CORP	823,946	$27,652	3.3%	$32.09	+3.9%	COM	03674X106
EQX	EQUINOX GOLD CORP	2,252,347	$25,290	3.0%	$5.19	+53.4%	COM	29446Y502
CNR	CORE NATURAL RESOURCES INC	285,352	$23,821	2.9%	$84.05	-11.1%	COM SHS	218937100
UEC	URANIUM ENERGY CORP	1,729,235	$23,068	2.8%	$4.08	+145.4%	COM	916896103
IE	IVANHOE ELECTRIC INC	1,697,189	$21,300	2.6%	$12.07	-18.1%	COM	46578C108
UUUU	ENERGY FUELS INC	1,167,341	$17,919	2.2%	$6.39	+66.2%	COM NEW	292671708
SKE	SKEENA RES LTD NEW	874,822	$16,133	1.9%	$4.65	+252.0%	COM	83056P715
MOS	MOSAIC CO NEW	428,210	$14,850	1.8%	$40.41	-15.9%	COM	61945C103
MTDR	MATADOR RES CO	288,212	$12,949	1.6%	$61.30	-20.4%	COM	576485205
NXE	NEXGEN ENERGY LTD	1,442,255	$12,908	1.6%	$4.90	+50.5%	COM	65340P106
ORLA	ORLA MNG LTD NEW	1,182,704	$12,753	1.5%	$3.81	+180.9%	COM	68634K106
AMR	ALPHA METALLURGICAL RESOUR I	74,436	$12,214	1.5%	$192.16	-27.9%	COM	020764106
EXE	EXPAND ENERGY CORPORATION	110,801	$11,771	1.4%	$84.61	+17.1%	COM	165167735
HBM	HUDBAY MINERALS INC	773,564	$11,715	1.4%	$5.68	+101.5%	COM	443628102
OII	OCEANEERING INTL INC	466,058	$11,549	1.4%	$16.77	+36.8%	COM	675232102
DNN	DENISON MINES CORP	3,753,145	$10,321	1.2%	$1.40	+58.0%	COM	248356107
NG	NOVAGOLD RES INC	1,142,489	$10,054	1.2%	$4.10	+49.0%	COM NEW	66987E206
FANG	DIAMONDBACK ENERGY INC	69,832	$9,993	1.2%	$140.93	-0.1%	COM	25278X109
PAAS	PAN AMERN SILVER CORP	248,080	$9,608	1.2%	$16.94	+89.8%	COM	697900108
FCX	FREEPORT-MCMORAN INC	225,436	$8,842	1.1%	$36.55	+18.2%	CL B	35671D857
CMCL	CALEDONIA MNG CORP PLC	234,065	$8,475	1.0%	$10.30	+146.9%	SHS NEW	G1757E113
CRK	COMSTOCK RES INC	409,788	$8,126	1.0%	$10.43	+77.4%	COM	205768302
IPI	INTREPID POTASH INC	208,232	$6,368	0.8%	$31.72	-0.8%	COM	46121Y201
CIVI	CIVITAS RESOURCES INC	193,140	$6,277	0.8%	$51.65	-39.8%	COM NEW	17888H103
SLB	SCHLUMBERGER LTD	181,807	$6,249	0.8%	$46.16	-25.6%	COM STK	806857108
URG	UR-ENERGY INC	3,292,797	$5,894	0.7%	$1.14	+18.7%	COM	91688R108
EU	ENCORE ENERGY CORP	1,165,336	$3,741	0.5%	$2.70	-0.3%	COM NEW	29259W700
TFPM	TRIPLE FLAG PRECIOUS METAL	100,724	$2,948	0.4%	$14.09	+83.5%	COM	89679M104
TMQ	TRILOGY METALS INC NEW	1,338,321	$2,845	0.3%	$0.63	+183.9%	COM	89621C105
BORR	BORR DRILLING LTD	1,042,699	$2,805	0.3%	$6.36	-60.9%	SHS	G1466R173
TDW	TIDEWATER INC NEW	3,914	$209	0.0%	$54.81	0.0%	COM	88642R109