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FOUNDATION RESOURCE MANAGEMENT INC

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13F filer, CIK 1179232, LITTLE ROCK, AR

FOUNDATION RESOURCE MANAGEMENT INC reported $634,392,079 across 50 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-04-14. Its ten largest share positions make up 54.65% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001179232-25-000002

Period
2025-03-31
Reported value
$634M
Holdings
50
Top 10 weight
54.65%
New
0
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
DGadded+183,726$16.2M
PFEadded+323,118$8.19M
MRKadded+59,369$5.33M
DVNadded+10,547$394K
APAadded+17,277$363K

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
GILDreduced-97,803-$11M
PARAMOUNT GLOBALexited-1,037,987-$10.9M
XOMreduced-14,444-$1.72M
BARRICK GOLD CORPreduced-79,805-$1.55M
TECKreduced-42,472-$1.55M

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 2025

Share positions as resolved from 13F-HR 0001179232-25-000002, largest first. % of portfolio is the value over $634,392,079, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,937 shares; 2024Q4: 100,459 shares; 2025Q1: 97,773 shares 97,773$52.1M8.21%-2,686Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 434,254 shares; 2024Q4: 432,349 shares; 2025Q1: 417,905 shares 417,905$49.7M7.83%-14,444Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 240,300 shares; 2024Q4: 239,953 shares; 2025Q1: 231,471 shares 231,471$38.7M6.1%-8,482Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,009,995 shares; 2024Q4: 991,193 shares; 2025Q1: 948,721 shares 948,721$34.6M5.45%-42,472Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 317,316 shares; 2024Q4: 316,516 shares; 2025Q1: 307,001 shares 307,001$33.3M5.25%-9,515Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 705,710 shares; 2024Q4: 702,042 shares; 2025Q1: 683,046 shares 683,046$33M5.2%-18,996Timeline
COPCONOCOPHILLIPSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 295,004 shares; 2024Q4: 291,691 shares; 2025Q1: 282,814 shares 282,814$29.7M4.68%-8,877Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,679 shares; 2024Q4: 632,111 shares; 2025Q1: 618,468 shares 618,468$28.1M4.42%-13,643Timeline
DGDOLLAR GEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,513 shares; 2024Q4: 99,148 shares; 2025Q1: 282,874 shares 282,874$24.9M3.92%+183,726Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 579,304 shares; 2024Q4: 572,785 shares; 2025Q1: 552,209 shares 552,209$22.7M3.58%-20,576Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 574,223 shares; 2024Q4: 569,007 shares; 2025Q1: 892,125 shares 892,125$22.6M3.56%+323,118Timeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,426 shares; 2024Q4: 632,263 shares; 2025Q1: 633,348 shares 633,348$17.1M2.7%+1,085Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,483 shares; 2024Q4: 126,828 shares; 2025Q1: 186,197 shares 186,197$16.7M2.63%+59,369Timeline
FHIFEDERATED HERMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 418,252 shares; 2024Q4: 415,577 shares; 2025Q1: 401,678 shares 401,678$16.4M2.58%-13,899Timeline
ABEVAMBEV SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,823,488 shares; 2024Q4: 6,802,015 shares; 2025Q1: 6,814,863 shares 6,814,863$15.9M2.5%+12,848Timeline
SNYSANOFI SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 273,321 shares; 2024Q4: 272,267 shares; 2025Q1: 260,662 shares 260,662$14.5M2.28%-11,605Timeline
GILDGILEAD SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 207,739 shares; 2024Q4: 207,719 shares; 2025Q1: 109,916 shares 109,916$12.3M1.94%-97,803Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 552,684 shares; 2024Q4: 547,312 shares; 2025Q1: 530,626 shares 530,626$12.1M1.9%-16,686Timeline
LLOEWS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 113,554 shares; 2024Q4: 133,585 shares; 2025Q1: 129,385 shares 129,385$11.9M1.87%-4,200Timeline
BARRICK GOLD CORPBARRICK GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 691,711 shares; 2024Q4: 681,447 shares; 2025Q1: 601,642 shares 601,642$11.7M1.84%-79,805
BENFRANKLIN TEMPLETON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 585,768 shares; 2024Q4: 572,379 shares; 2025Q1: 575,466 shares 575,466$11.1M1.75%+3,087Timeline
HPQHP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 379,968 shares; 2024Q4: 377,423 shares; 2025Q1: 369,476 shares 369,476$10.2M1.61%-7,947Timeline
KHCKRAFT HEINZ COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 321,106 shares; 2024Q4: 318,334 shares; 2025Q1: 312,475 shares 312,475$9.51M1.5%-5,859Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 157,292 shares; 2024Q4: 156,519 shares; 2025Q1: 152,935 shares 152,935$9.33M1.47%-3,584Timeline
CSCOCISCO SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 145,571 shares; 2024Q4: 144,741 shares; 2025Q1: 139,823 shares 139,823$8.63M1.36%-4,918Timeline
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 173,060 shares; 2025Q1: 170,872 shares 170,872$8.49M1.34%-2,188Timeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 228,985 shares; 2024Q4: 229,409 shares; 2025Q1: 224,057 shares 224,057$8.48M1.34%-5,352Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,482 shares; 2024Q4: 64,915 shares; 2025Q1: 63,346 shares 63,346$7.82M1.23%-1,569Timeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 637,907 shares; 2024Q4: 639,821 shares; 2025Q1: 627,407 shares 627,407$7.7M1.21%-12,414Timeline
TRCTEJON RANCH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 487,941 shares; 2024Q4: 484,596 shares; 2025Q1: 481,002 shares 481,002$7.62M1.2%-3,594Timeline
PBTPERMIAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 669,334 shares; 2024Q4: 662,541 shares; 2025Q1: 647,872 shares 647,872$6.42M1.01%-14,669Timeline
PKEPARK AEROSPACE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 465,759 shares; 2024Q4: 469,278 shares; 2025Q1: 472,810 shares 472,810$6.36M1%+3,532Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 428,755 shares; 2024Q4: 435,264 shares; 2025Q1: 451,615 shares 451,615$6.28M0.99%+16,351Timeline
TENTSAKOS ENERGY NAVIGATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,826 shares; 2024Q4: 360,547 shares; 2025Q1: 352,432 shares 352,432$6.01M0.95%-8,115Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,462 shares; 2024Q4: 89,292 shares; 2025Q1: 89,521 shares 89,521$3.83M0.6%+229Timeline
APAAPA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 151,435 shares; 2024Q4: 159,319 shares; 2025Q1: 176,596 shares 176,596$3.71M0.59%+17,277Timeline
DVNDEVON ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,782 shares; 2024Q4: 87,739 shares; 2025Q1: 98,286 shares 98,286$3.68M0.58%+10,547Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5 shares; 2024Q4: 5 shares; 2025Q1: 4 shares 4$3.19M0.5%-1Timeline
GRAFTECH INTL LTDGRAFTECH INTL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,873,481 shares; 2024Q4: 1,791,255 shares; 2025Q1: 1,706,172 shares 1,706,172$1.49M0.24%-85,083
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,526 shares; 2024Q4: 19,376 shares; 2025Q1: 16,567 shares 16,567$1.45M0.23%-2,809Timeline
AGIALAMOS GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,425 shares; 2024Q4: 50,995 shares; 2025Q1: 52,817 shares 52,817$1.41M0.22%+1,822Timeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,929 shares; 2024Q4: 4,929 shares; 2025Q1: 4,929 shares 4,929$718K0.11%0Timeline
CBCHUBB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,129 shares; 2024Q4: 2,129 shares; 2025Q1: 2,025 shares 2,025$612K0.1%-104Timeline
TRVTRAVELERS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,665 shares; 2024Q4: 2,640 shares; 2025Q1: 2,286 shares 2,286$605K0.1%-354Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,911 shares; 2024Q4: 188,948 shares; 2025Q1: 185,189 shares 185,189$587K0.09%-3,759Timeline
IMOIMPERIAL OIL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,945 shares; 2024Q4: 6,945 shares; 2025Q1: 6,945 shares 6,945$502K0.08%0Timeline
IBMINTERNATIONAL BUSINESS MACHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,399 shares; 2024Q4: 1,399 shares; 2025Q1: 1,399 shares 1,399$348K0.05%0Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,749 shares; 2024Q4: 1,749 shares; 2025Q1: 1,749 shares 1,749$232K0.04%0Timeline
EMNEASTMAN CHEM COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,400 shares; 2024Q4: 2,400 shares; 2025Q1: 2,300 shares 2,300$203K0.03%-100Timeline
SJTSAN JUAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,065 shares; 2024Q4: 14,565 shares; 2025Q1: 14,565 shares 14,565$80.5K0.01%0Timeline

Sold out in Q1 2025

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

SecurityShares beforeValue beforeType
PARAMOUNT GLOBALPARAMOUNT GLOBAL1,037,987$10.9Mshares
MAGNMAGNERA CORP30,085$547Kshares

How Q1 2025 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 0001179232-25-000002 base2025-04-14acceptance time not in the bulk data set