Q2 2026 13F · SEC CIK 1863154

Goehring & Rozencwajg Associates, LLC

Mutual fund managerFiled 2026-08-05 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.7B
Reported positions: 41
Top holdings a year, 3 yrs: +18.8%
Assets under management: $1.5B

Goehring & Rozencwajg Associates, LLC is a mutual fund manager that reported 41 positions worth $1.7B in its Q2 2026 13F, filed 2026-08-05. Its largest holdings were Canadian Nat Res Ltd Med Ter (CNQ, 6.9%), Slb Limited (SLB, 6.6%), Range Res Corp (RRC, 6.2%). A portfolio copying its top holdings returned 18.8% a year over the last 3 years, against 22.3% for the S&P 500.

Goehring & Rozencwajg Associates, LLC holdings all 41 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.

Goehring & Rozencwajg Associates, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
CNQCanadian Nat Res Ltd Med Ter	6.9%	7.4%	3,043,255	+7.6%	$120.3M
SLBSlb Limited	6.6%	6.3%	2,454,873	+6.8%	$114.1M
RRCRange Res Corp	6.2%	6.6%	2,920,613	+7.3%	$108.6M
SUSuncor Energy Inc New	6.1%	6.5%	1,974,700	+7.3%	$106.1M
VALValaris Ltd	5.9%	7.0%	1,413,542	+7.1%	$102.6M
SDRLSeadrill Ltd	5.7%	6.0%	2,636,666	+7.6%	$99.7M
AMRAlpha Metallurgical Resour I	5.4%	2.7%	564,714	+133.3%	$93.1M
NTRNutrien Ltd	5.3%	3.3%	1,455,019	+76.9%	$91.6M
CCJCameco Corp	5.2%	4.9%	893,328	+6.8%	$91.0M
CNRCore Nat Res Inc	5.1%	4.0%	1,100,977	+55.5%	$88.1M
HCCWarrior Met Coal Inc	4.4%	3.0%	951,045	+59.0%	$77.2M
NENoble Corp PLC	4.3%	4.9%	1,987,601	+8.0%	$74.1M
EQTEqt Corp	3.8%	4.0%	1,240,409	+7.0%	$66.0M
ARAntero Resources Corp	3.5%	3.7%	1,731,731	+7.1%	$60.9M
SBSWSibanye Stillwater Ltd	2.2%	2.8%	4,580,794	+7.3%	$38.9M
LEUCentrus Energy Corp	2.1%	1.9%	216,750	+7.3%	$36.4M
PRPermian Resources Corp	2.0%	2.1%	1,914,400	+5.5%	$35.2M
CHRDChord Energy Corporation	2.0%	2.2%	306,981	+8.3%	$35.1M
OIIOceaneering Intl Inc	1.8%	1.4%	775,476	+8.7%	$31.4M
UECUranium Energy Corp	1.4%	1.6%	2,357,786	+7.1%	$25.1M
MOSMosaic Co	1.4%	1.3%	1,178,956	+27.8%	$25.0M
MTDRMatador Resources Co.	1.4%	1.6%	482,216	+5.3%	$24.0M
UUUUEnergy Fuels Inc	1.3%	1.5%	1,590,170	+7.1%	$23.1M
IEIvanhoe Electric Inc	1.3%	1.3%	2,267,908	+7.2%	$21.8M
EXEExpand Energy Corporation	1.2%	1.3%	237,837	+5.3%	$21.7M
FANGDiamondback Energy Inc	1.2%	1.2%	119,576	+5.4%	$21.0M
NXENexgen Energy Limited (canada)	1.1%	1.1%	1,964,702	+8.5%	$18.4M
DNNDenison Mines Corp	0.9%	0.9%	5,117,155	+8.4%	$15.7M
CRKComstock Res Inc	0.8%	1.0%	907,267	+5.3%	$13.5M
SMSm Energy Company	0.8%	0.8%	513,406	+5.3%	$13.4M
IPIIntrepid Potash Inc	0.6%	0.6%	297,866	+11.5%	$9.8M
BORRBorr Drilling Ltd	0.5%	0.7%	2,238,675	+5.6%	$9.2M
TMQTrilogy Metals Inc New	0.4%	0.3%	1,775,530	+2.7%	$6.2M
URGUr-Energy Inc	0.3%	0.3%	4,384,124	+3.1%	$6.0M
NGNovagold Resources Inc	0.2%	0.3%	710,721	+2.6%	$4.2M
CMCLCaledonia Mng Corp	0.2%	0.2%	156,906	+2.4%	$3.0M
EUEncore Energy Corp	0.1%	0.1%	1,508,483	+3.0%	$2.0M
TFPMTriple Flag Precious Metal	0.1%	0.1%	61,584	+2.2%	$1.8M
ORLAOrla Mng Ltd New	0.1%	0.1%	165,196	+2.2%	$1.6M
FCXFreeport Mcmoran Inc	0.1%	0.4%	21,912	-82.2%	$1.4M
TDWTidewater Inc New	0.0%	0.0%	3,914	+0.0%	$261K

What Goehring & Rozencwajg Associates, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

No new positions among the largest holdings.

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: +29.1% /yr; S&P 500 +11.7%
3 years: +18.8% /yr; S&P 500 +22.3%
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	$1.7B	41
Q1 2026	$1.9B	43
Q4 2025	$1.0B	42
Q3 2025	$830.9M	42
Q2 2025	$654.0M	41
Q1 2025	$551.7M	42
Q4 2024	$486.8M	44
Q3 2024	$490.6M	44
Q2 2024	$503.7M	48
Q1 2024	$461.5M	51
Q4 2023	$413.8M	50
Q3 2023	$408.5M	50

Questions about Goehring & Rozencwajg Associates, LLC's portfolio

What stocks does Goehring & Rozencwajg Associates, LLC own?

Goehring & Rozencwajg Associates, LLC's latest 13F, for Q2 2026 and filed Aug 5, 2026, lists 41 positions worth $1.7B. The largest are Canadian Nat Res Ltd Med Ter (CNQ) at 6.9%, Slb Limited (SLB) at 6.6%, Range Res Corp (RRC) at 6.2%, Suncor Energy Inc New (SU) at 6.1% and Valaris Ltd (VAL) at 5.9%.

What did Goehring & Rozencwajg Associates, LLC buy last quarter?

In Q2 2026, Goehring & Rozencwajg Associates, LLC added Alpha Metallurgical Resour I (AMR) (+133.3% shares), Nutrien Ltd (NTR) (+76.9% shares) and Warrior Met Coal Inc (HCC) (+59.0% shares), compared with its Q1 2026 filing.

What did Goehring & Rozencwajg Associates, LLC sell last quarter?

In Q2 2026, Goehring & Rozencwajg Associates, LLC sold all of Alamos Gold Inc (AGI), sold all of Equinox Gold Corp (EQX) and Freeport Mcmoran Inc (FCX) (-82.2% shares), compared with its Q1 2026 filing.

How has Goehring & Rozencwajg Associates, LLC's portfolio performed?

A portfolio copying Goehring & Rozencwajg Associates, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.8% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +29.1% against +11.7%.

When is Goehring & Rozencwajg Associates, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Goehring & Rozencwajg Associates, LLC'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 Goehring & Rozencwajg Associates, LLC manage?

Goehring & Rozencwajg Associates, LLC reported $1.5B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.7B.