Q2 2026 13F · SEC CIK 1140753

Aegis Financial Corp

Mutual fund managerFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $633.2M
Reported positions: 39
Top holdings a year, 3 yrs: +38.6%
Assets under management: $1.4B

Aegis Financial Corp is a mutual fund manager that reported 39 positions worth $633.2M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Cenovus Energy Inc (CVE, 13.5%), Precision Drilling Corp Com New (PDS, 6.1%), Equinox Gold Corp (EQX, 6.0%). A portfolio copying its top holdings returned 38.6% a year over the last 3 years, against 20.4% for the S&P 500.

Aegis Financial Corp holdings all 39 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Aegis Financial Corp 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
CVECenovus Energy Inc	13.5%	15.8%	3,451,821	+0.0%	$85.6M
PDSPrecision Drilling Corp Com New	6.1%	8.5%	504,059	+0.0%	$38.7M
EQXEquinox Gold Corp	6.0%	9.6%	3,870,237	-0.3%	$37.7M
HOGHarley Davidson Inc	5.3%	4.8%	1,369,000	+0.0%	$33.5M
HNRGHallador Energy Company	5.0%	5.1%	1,812,026	-0.1%	$31.5M
RDNRadian Group Inc	4.9%	1.7%	817,512	+176.9%	$30.8M
VETVermilion Energy Inc	4.8%	6.1%	3,260,428	+27.3%	$30.5M
PBFPbf Energy Inc	4.5%	5.1%	620,289	+0.0%	$28.2M
RYIRyerson Hldg Corp	4.3%	4.3%	1,116,978	+0.0%	$27.5M
GAUGaliano Gold Inc	4.2%	2.8%	14,125,317	+120.4%	$26.4M
NGSNatural Gas Svcs Group Inc	4.0%	3.8%	584,872	-0.4%	$25.2M
RLJRlj Lodging Tr	3.8%	2.6%	2,049,425	+2.5%	$24.3M
ASIXAdvansix Inc	3.8%	5.1%	1,209,629	+0.0%	$24.0M
PKPark Hotels & Resorts Inc Com	3.4%	New	1,525,283	—	$21.7M
SMSm Energy Company	3.2%	3.0%	778,851	+41.2%	$20.3M
TDWTidewater Inc New	2.9%	4.0%	276,529	+0.0%	$18.4M
MOSMosaic Co	2.9%	3.8%	853,638	+0.0%	$18.1M
MHKMohawk Inds Inc	2.8%	New	146,295	—	$17.7M
NOANorth American Construction Gr	2.2%	2.4%	1,038,177	+0.0%	$13.8M
EFXTEnerflex Ltd	2.1%	2.0%	551,151	+0.0%	$13.5M
EGOEldorado Gold Corp	1.9%	2.3%	387,779	+0.0%	$12.1M
INBKFirst Internet Bancorp	1.6%	1.2%	354,261	+0.0%	$9.8M
BSETBassett Furniture Inds Inc	1.5%	1.3%	550,413	+4.4%	$9.8M
CLDTChatham Lodging Tr	1.4%	0.9%	678,530	+0.0%	$9.0M
ASTLAlgoma Steel Group	1.1%	1.3%	1,786,122	+0.0%	$7.2M
GFRGreenfire Resources Ltd	0.7%	0.5%	777,716	+86.3%	$4.4M
VLGEAVillage Super Mkt Inc Cl A New	0.4%	0.4%	55,733	+0.0%	$2.4M
ACTGAcacia Resh Corp	0.4%	0.4%	491,086	+0.0%	$2.3M
WHGWestwood Hldgs Group Inc	0.3%	0.3%	99,926	+0.0%	$1.9M
HNNAHennessy Advisors Inc	0.3%	0.2%	170,768	+20.8%	$1.7M
IAUXI-80 Gold Corp	0.3%	0.3%	1,126,349	+0.0%	$1.6M
ASCArdmore Shipping Corp	0.2%	0.2%	89,612	+0.0%	$1.3M
XPLSolitario Resources Corp	0.1%	0.1%	632,458	+0.0%	$476K
SLVIshares Silver Tr	0.1%	0.1%	8,842	+0.0%	$473K
GLDSpdr Gold Tr	0.0%	0.1%	828	+0.0%	$305K
CEFSprott Asset Management LP	0.0%	0.1%	7,474	+0.0%	$301K
WFGWest Fraser Timber Ltd	0.0%	0.0%	3,142	+0.0%	$213K
MERCMercer Intl Inc	0.0%	0.1%	308,927	+0.0%	$204K
DCDakota Gold Corp	0.0%	0.0%	30,000	+0.0%	$128K

What Aegis Financial Corp bought and sold in Q2 2026, against Q1 2026.

New positions

PK Park Hotels & Resorts Inc Com3.4% of 13F
MHK Mohawk Inds Inc2.8% of 13F

Added to

RDN Radian Group Inc+176.9% shares
GAU Galiano Gold Inc+120.4% shares
GFR Greenfire Resources Ltd+86.3% shares
SM Sm Energy Company+41.2% shares
VET Vermilion Energy Inc+27.3% shares
HNNA Hennessy Advisors Inc+20.8% shares

Reduced

No position shrank by more than 5%.

Sold out

Nothing sold out.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +64.8% /yr; S&P 500 +20.1%
3 years: +38.6% /yr; S&P 500 +20.4%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$633.2M	39
Q1 2026	$580.5M	37
Q4 2025	$419.3M	33
Q3 2025	$261.3M	26
Q2 2025	$169.9M	25
Q1 2025	$117.2M	23
Q4 2024	$116.1M	22
Q3 2024	$117.3M	23
Q2 2024	$103.9M	25
Q1 2024	$117.8M	27
Q4 2023	$165.1M	31
Q3 2023	$164.1M	30

Questions about Aegis Financial Corp's portfolio

What stocks does Aegis Financial Corp own?

Aegis Financial Corp's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 39 positions worth $633.2M. The largest are Cenovus Energy Inc (CVE) at 13.5%, Precision Drilling Corp Com New (PDS) at 6.1%, Equinox Gold Corp (EQX) at 6.0%, Harley Davidson Inc (HOG) at 5.3% and Hallador Energy Company (HNRG) at 5.0%.

What did Aegis Financial Corp buy last quarter?

In Q2 2026, Aegis Financial Corp added a new position in Park Hotels & Resorts Inc Com (PK), a new position in Mohawk Inds Inc (MHK), Radian Group Inc (RDN) (+176.9% shares), Galiano Gold Inc (GAU) (+120.4% shares) and Greenfire Resources Ltd (GFR) (+86.3% shares), compared with its Q1 2026 filing.

What did Aegis Financial Corp sell last quarter?

Aegis Financial Corp sold out of nothing and cut no large position by more than 5% in Q2 2026.

How has Aegis Financial Corp's portfolio performed?

A portfolio copying Aegis Financial Corp's 20 largest 13F holdings each quarter, from the day each filing was public, returned +38.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +64.8% against +20.1%.

When is Aegis Financial Corp's next 13F filing due?

13F filings are due 45 days after each quarter ends. Aegis Financial Corp's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Aegis Financial Corp manage?

Aegis Financial Corp reported $1.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $633.2M.