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AEGIS FINANCIAL CORP

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13F filer, CIK 1140753, MC LEAN, VA

AEGIS FINANCIAL CORP reported $580,477,863 across 37 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-13. Its ten largest share positions make up 68.32% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-060221

The filing omits holdings under a confidential treatment request (H8). A later amendment may add them.

Period
2026-03-31
Reported value
$580M
Holdings
37
Top 10 weight
68.32%
New
5
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
HOGnew+1,369,000$27.7M
SMnew+551,769$17.2M
VETadded+1,239,936$17M
RDNnew+295,274$9.77M
RYZadded+409,588$9.21M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
EQXreduced-593,125-$8.54M
NGSreduced-84,100-$3.17M
ZEUSexited-73,515-$3.15M
SLVreduced-8,856-$603K
CVEreduced-2,300-$61K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001104659-26-060221, largest first. % of portfolio is the value over $580,477,863, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 920,500 shares; 2025Q4: 3,454,121 shares; 2026Q1: 3,451,821 shares 3,451,821$91.6M15.78%-2,300The filing omitted confidential holdings, a later amendment may add them.Timeline
EQXEQUINOX GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,568,645 shares; 2024Q4: 2,568,645 shares; 2025Q1: 2,568,645 shares; 2025Q2: 4,828,363 shares; 2025Q3: 4,817,923 shares; 2025Q4: 4,474,089 shares; 2026Q1: 3,880,964 shares 3,880,964$55.9M9.63%-593,125The filing omitted confidential holdings, a later amendment may add them.Timeline
PDSPRECISION DRILLING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 123,638 shares; 2024Q4: 123,638 shares; 2025Q1: 195,505 shares; 2025Q2: 215,396 shares; 2025Q3: 452,359 shares; 2025Q4: 504,059 shares; 2026Q1: 504,059 shares 504,059$49.5M8.52%0The filing omitted confidential holdings, a later amendment may add them.Timeline
VETVERMILION ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 290,000 shares; 2024Q4: 296,189 shares; 2025Q1: 43,308 shares; 2025Q2: 520,492 shares; 2025Q3: 870,492 shares; 2025Q4: 1,320,492 shares; 2026Q1: 2,560,428 shares 2,560,428$35.2M6.06%+1,239,936The filing omitted confidential holdings, a later amendment may add them.Timeline
PBFPBF ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 620,460 shares; 2025Q3: 620,460 shares; 2025Q4: 620,289 shares; 2026Q1: 620,289 shares 620,289$29.5M5.09%0The filing omitted confidential holdings, a later amendment may add them.Timeline
HNRGHALLADOR ENERGY COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,021,102 shares; 2024Q4: 2,021,102 shares; 2025Q1: 2,021,102 shares; 2025Q2: 2,010,994 shares; 2025Q3: 2,010,994 shares; 2025Q4: 1,814,026 shares; 2026Q1: 1,814,026 shares 1,814,026$29.5M5.09%0The filing omitted confidential holdings, a later amendment may add them.Timeline
ASIXADVANSIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,209,629 shares; 2026Q1: 1,209,629 shares 1,209,629$29.5M5.08%0The filing omitted confidential holdings, a later amendment may add them.Timeline
HOGHARLEY DAVIDSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,369,000 shares 1,369,000$27.7M4.77%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
RYZRYERSON HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 707,390 shares; 2026Q1: 1,116,978 shares 1,116,978$25.1M4.33%+409,588The filing omitted confidential holdings, a later amendment may add them.Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 201,731 shares; 2025Q2: 276,529 shares; 2025Q3: 276,529 shares; 2025Q4: 276,529 shares; 2026Q1: 276,529 shares 276,529$23.1M3.98%0The filing omitted confidential holdings, a later amendment may add them.Timeline
NGSNATURAL GAS SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 681,810 shares; 2024Q4: 671,326 shares; 2025Q1: 671,326 shares; 2025Q2: 671,112 shares; 2025Q3: 671,112 shares; 2025Q4: 671,112 shares; 2026Q1: 587,012 shares 587,012$22.2M3.82%-84,100The filing omitted confidential holdings, a later amendment may add them.Timeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 853,638 shares; 2026Q1: 853,638 shares 853,638$21.8M3.75%0The filing omitted confidential holdings, a later amendment may add them.Timeline
SMSM ENERGY COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 551,769 shares 551,769$17.2M2.96%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
GAUGALIANO GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 106,100 shares; 2024Q4: 2,392,299 shares; 2025Q1: 2,478,831 shares; 2025Q2: 6,505,921 shares; 2025Q3: 6,659,321 shares; 2025Q4: 6,409,321 shares; 2026Q1: 6,409,321 shares 6,409,321$16M2.75%0The filing omitted confidential holdings, a later amendment may add them.Timeline
RLJRLJ LODGING TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,271,817 shares; 2026Q1: 1,999,425 shares 1,999,425$14.8M2.56%+727,608The filing omitted confidential holdings, a later amendment may add them.Timeline
NOANORTH AMERN CONSTR GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 841,934 shares; 2025Q4: 1,038,177 shares; 2026Q1: 1,038,177 shares 1,038,177$14M2.41%0The filing omitted confidential holdings, a later amendment may add them.Timeline
EGOELDORADO GOLD CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 413,039 shares; 2024Q4: 413,039 shares; 2025Q1: 413,039 shares; 2025Q2: 412,779 shares; 2025Q3: 412,779 shares; 2025Q4: 387,779 shares; 2026Q1: 387,779 shares 387,779$13.3M2.29%0The filing omitted confidential holdings, a later amendment may add them.Timeline
EFXTENERFLEX LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 551,598 shares; 2024Q4: 551,598 shares; 2025Q1: 551,598 shares; 2025Q2: 551,151 shares; 2025Q3: 551,151 shares; 2025Q4: 551,151 shares; 2026Q1: 551,151 shares 551,151$11.5M1.98%0The filing omitted confidential holdings, a later amendment may add them.Timeline
RDNRADIAN GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 295,274 shares 295,274$9.77M1.68%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
BSETBASSETT FURNITURE INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 476,308 shares; 2024Q4: 476,308 shares; 2025Q1: 476,308 shares; 2025Q2: 476,119 shares; 2025Q3: 476,119 shares; 2025Q4: 501,119 shares; 2026Q1: 526,997 shares 526,997$7.46M1.28%+25,878The filing omitted confidential holdings, a later amendment may add them.Timeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,459,903 shares; 2024Q4: 1,459,903 shares; 2025Q1: 1,459,903 shares; 2025Q2: 1,786,122 shares; 2025Q3: 1,786,122 shares; 2025Q4: 1,786,122 shares; 2026Q1: 1,786,122 shares 1,786,122$7.38M1.27%0The filing omitted confidential holdings, a later amendment may add them.Timeline
INBKFIRST INTERNET BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 250,320 shares; 2026Q1: 354,261 shares 354,261$7.22M1.24%+103,941The filing omitted confidential holdings, a later amendment may add them.Timeline
CLDTCHATHAM LODGING TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 678,530 shares; 2026Q1: 678,530 shares 678,530$5.34M0.92%0The filing omitted confidential holdings, a later amendment may add them.Timeline
GFRGREENFIRE RES LTD NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 179,131 shares; 2026Q1: 417,548 shares 417,548$2.64M0.45%+238,417The filing omitted confidential holdings, a later amendment may add them.Timeline
ACTGACACIA RESH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 491,086 shares 491,086$2.36M0.41%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
VLGEAVILLAGE SUPER MKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 55,733 shares; 2026Q1: 55,733 shares 55,733$2.35M0.41%0The filing omitted confidential holdings, a later amendment may add them.Timeline
IAUXI-80 GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,126,838 shares; 2024Q4: 1,126,838 shares; 2025Q1: 1,126,838 shares; 2025Q2: 1,126,349 shares; 2025Q3: 1,126,349 shares; 2025Q4: 1,126,349 shares; 2026Q1: 1,126,349 shares 1,126,349$1.7M0.29%0The filing omitted confidential holdings, a later amendment may add them.Timeline
WHGWESTWOOD HLDGS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 100,002 shares; 2024Q4: 100,002 shares; 2025Q1: 100,002 shares; 2025Q2: 99,926 shares; 2025Q3: 99,926 shares; 2025Q4: 99,926 shares; 2026Q1: 99,926 shares 99,926$1.65M0.28%0The filing omitted confidential holdings, a later amendment may add them.Timeline
HNNAHENNESSY ADVISORS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 141,353 shares; 2024Q4: 141,353 shares; 2025Q1: 141,353 shares; 2025Q2: 141,353 shares; 2025Q3: 141,353 shares; 2025Q4: 141,353 shares; 2026Q1: 141,353 shares 141,353$1.38M0.24%0The filing omitted confidential holdings, a later amendment may add them.Timeline
ASCARDMORE SHIPPING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 89,761 shares; 2024Q4: 89,761 shares; 2025Q1: 89,761 shares; 2025Q2: 89,612 shares; 2025Q3: 89,612 shares; 2025Q4: 89,612 shares; 2026Q1: 89,612 shares 89,612$1.37M0.24%0The filing omitted confidential holdings, a later amendment may add them.Timeline
SLVISHARES SILVER TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 39,025 shares; 2024Q4: 39,025 shares; 2025Q1: 39,025 shares; 2025Q2: 35,383 shares; 2025Q3: 35,383 shares; 2025Q4: 17,698 shares; 2026Q1: 8,842 shares 8,842$602K0.1%-8,856The filing omitted confidential holdings, a later amendment may add them.Timeline
XPLSOLITARIO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 632,458 shares; 2024Q4: 632,458 shares; 2025Q1: 632,458 shares; 2025Q2: 632,458 shares; 2025Q3: 632,458 shares; 2025Q4: 632,458 shares; 2026Q1: 632,458 shares 632,458$519K0.09%0The filing omitted confidential holdings, a later amendment may add them.Timeline
MERCMERCER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 309,498 shares; 2024Q4: 309,498 shares; 2025Q1: 309,498 shares; 2025Q2: 309,007 shares; 2025Q3: 309,007 shares; 2025Q4: 308,927 shares; 2026Q1: 308,927 shares 308,927$439K0.08%0The filing omitted confidential holdings, a later amendment may add them.Timeline
CEFSPROTT ASSET MANAGEMENT LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 7,892 shares; 2025Q2: 7,474 shares; 2025Q3: 7,474 shares; 2025Q4: 7,474 shares; 2026Q1: 7,474 shares 7,474$357K0.06%0The filing omitted confidential holdings, a later amendment may add them.Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,097 shares; 2024Q4: 1,097 shares; 2025Q1: 1,097 shares; 2025Q2: 828 shares; 2025Q3: 828 shares; 2025Q4: 828 shares; 2026Q1: 828 shares 828$356K0.06%0The filing omitted confidential holdings, a later amendment may add them.Timeline
WFGWEST FRASER TIMBER CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,395 shares; 2024Q4: 3,395 shares; 2025Q1: 3,197 shares; 2025Q2: 3,142 shares; 2025Q3: 3,142 shares; 2025Q4: not reported; 2026Q1: 3,142 shares 3,142$205K0.04%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
DCDAKOTA GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 30,000 shares; 2025Q3: 30,000 shares; 2025Q4: 30,000 shares; 2026Q1: 30,000 shares 30,000$152K0.03%0The filing omitted confidential holdings, a later amendment may add them.Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ZEUSOLYMPIC STEEL INC73,515$3.15Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001104659-26-060221 base2026-05-13acceptance time not in the bulk data set