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FOUNDATION RESOURCE MANAGEMENT INC

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13F filer, CIK 1179232, LITTLE ROCK, AR

FOUNDATION RESOURCE MANAGEMENT INC reported $646,664,949 across 50 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-14. Its ten largest share positions make up 53.61% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001179232-25-000003

Period
2025-06-30
Reported value
$647M
Holdings
50
Top 10 weight
53.61%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
Bnew+595,734$12.4M
CMCSAnew+208,053$7.43M
APAadded+43,444$795K
DVNadded+19,363$616K
PKEadded+19,087$282K

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
CCJreduced-290,945-$21.6M
BARRICK GOLD CORPexited-601,642-$11.7M
BRK-Breduced-1,196-$581K
AEMreduced-4,078-$485K
NEMreduced-4,481-$261K

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, Q2 2025

Share positions as resolved from 13F-HR 0001179232-25-000003, largest first. % of portfolio is the value over $646,664,949, 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; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,937 shares; 2024Q4: 100,459 shares; 2025Q1: 97,773 shares; 2025Q2: 96,577 shares 96,577$46.9M7.25%-1,196Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 434,254 shares; 2024Q4: 432,349 shares; 2025Q1: 417,905 shares; 2025Q2: 418,272 shares 418,272$45.1M6.97%+367Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 705,710 shares; 2024Q4: 702,042 shares; 2025Q1: 683,046 shares; 2025Q2: 678,565 shares 678,565$39.5M6.11%-4,481Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,009,995 shares; 2024Q4: 991,193 shares; 2025Q1: 948,721 shares; 2025Q2: 949,523 shares 949,523$38.3M5.93%+802Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 317,316 shares; 2024Q4: 316,516 shares; 2025Q1: 307,001 shares; 2025Q2: 302,923 shares 302,923$36M5.57%-4,078Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 240,300 shares; 2024Q4: 239,953 shares; 2025Q1: 231,471 shares; 2025Q2: 231,303 shares 231,303$33.1M5.12%-168Timeline
DGDOLLAR GEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,513 shares; 2024Q4: 99,148 shares; 2025Q1: 282,874 shares; 2025Q2: 281,960 shares 281,960$32.3M4.99%-914Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,679 shares; 2024Q4: 632,111 shares; 2025Q1: 618,468 shares; 2025Q2: 616,370 shares 616,370$26.7M4.12%-2,098Timeline
COPCONOCOPHILLIPSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 295,004 shares; 2024Q4: 291,691 shares; 2025Q1: 282,814 shares; 2025Q2: 282,836 shares 282,836$25.4M3.93%+22Timeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,426 shares; 2024Q4: 632,263 shares; 2025Q1: 633,348 shares; 2025Q2: 640,328 shares 640,328$23.4M3.61%+6,980Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 574,223 shares; 2024Q4: 569,007 shares; 2025Q1: 892,125 shares; 2025Q2: 892,774 shares 892,774$21.6M3.35%+649Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 579,304 shares; 2024Q4: 572,785 shares; 2025Q1: 552,209 shares; 2025Q2: 261,264 shares 261,264$19.4M3%-290,945Timeline
FHIFEDERATED HERMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 418,252 shares; 2024Q4: 415,577 shares; 2025Q1: 401,678 shares; 2025Q2: 398,513 shares 398,513$17.7M2.73%-3,165Timeline
ABEVAMBEV SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,823,488 shares; 2024Q4: 6,802,015 shares; 2025Q1: 6,814,863 shares; 2025Q2: 6,826,347 shares 6,826,347$16.5M2.54%+11,484Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,483 shares; 2024Q4: 126,828 shares; 2025Q1: 186,197 shares; 2025Q2: 188,552 shares 188,552$14.9M2.31%+2,355Timeline
BENFRANKLIN TEMPLETON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 585,768 shares; 2024Q4: 572,379 shares; 2025Q1: 575,466 shares; 2025Q2: 581,327 shares 581,327$13.9M2.14%+5,861Timeline
SNYSANOFI SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 273,321 shares; 2024Q4: 272,267 shares; 2025Q1: 260,662 shares; 2025Q2: 257,870 shares 257,870$12.5M1.93%-2,792Timeline
BBARRICK MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 595,734 shares 595,734$12.4M1.92%newTimeline
GILDGILEAD SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 207,739 shares; 2024Q4: 207,719 shares; 2025Q1: 109,916 shares; 2025Q2: 109,106 shares 109,106$12.1M1.87%-810Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 552,684 shares; 2024Q4: 547,312 shares; 2025Q1: 530,626 shares; 2025Q2: 525,219 shares 525,219$11.8M1.82%-5,407Timeline
LLOEWS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 113,554 shares; 2024Q4: 133,585 shares; 2025Q1: 129,385 shares; 2025Q2: 127,396 shares 127,396$11.7M1.81%-1,989Timeline
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 173,060 shares; 2025Q1: 170,872 shares; 2025Q2: 170,452 shares 170,452$9.93M1.54%-420Timeline
CSCOCISCO SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 145,571 shares; 2024Q4: 144,741 shares; 2025Q1: 139,823 shares; 2025Q2: 138,431 shares 138,431$9.6M1.49%-1,392Timeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 228,985 shares; 2024Q4: 229,409 shares; 2025Q1: 224,057 shares; 2025Q2: 220,762 shares 220,762$9.57M1.48%-3,295Timeline
HPQHP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 379,968 shares; 2024Q4: 377,423 shares; 2025Q1: 369,476 shares; 2025Q2: 373,415 shares 373,415$9.13M1.41%+3,939Timeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 637,907 shares; 2024Q4: 639,821 shares; 2025Q1: 627,407 shares; 2025Q2: 633,405 shares 633,405$8.21M1.27%+5,998Timeline
TRCTEJON RANCH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 487,941 shares; 2024Q4: 484,596 shares; 2025Q1: 481,002 shares; 2025Q2: 483,215 shares 483,215$8.2M1.27%+2,213Timeline
KHCKRAFT HEINZ COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 321,106 shares; 2024Q4: 318,334 shares; 2025Q1: 312,475 shares; 2025Q2: 313,349 shares 313,349$8.09M1.25%+874Timeline
PBTPERMIAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 669,334 shares; 2024Q4: 662,541 shares; 2025Q1: 647,872 shares; 2025Q2: 643,257 shares 643,257$8.01M1.24%-4,615Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,482 shares; 2024Q4: 64,915 shares; 2025Q1: 63,346 shares; 2025Q2: 62,933 shares 62,933$7.51M1.16%-413Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 208,053 shares 208,053$7.43M1.15%newTimeline
PKEPARK AEROSPACE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 465,759 shares; 2024Q4: 469,278 shares; 2025Q1: 472,810 shares; 2025Q2: 491,897 shares 491,897$7.27M1.12%+19,087Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 157,292 shares; 2024Q4: 156,519 shares; 2025Q1: 152,935 shares; 2025Q2: 153,014 shares 153,014$7.08M1.1%+79Timeline
TENTSAKOS ENERGY NAVIGATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,826 shares; 2024Q4: 360,547 shares; 2025Q1: 352,432 shares; 2025Q2: 349,581 shares 349,581$6.71M1.04%-2,851Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 428,755 shares; 2024Q4: 435,264 shares; 2025Q1: 451,615 shares; 2025Q2: 467,702 shares 467,702$6.36M0.98%+16,087Timeline
APAAPA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 151,435 shares; 2024Q4: 159,319 shares; 2025Q1: 176,596 shares; 2025Q2: 220,040 shares 220,040$4.02M0.62%+43,444Timeline
DVNDEVON ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,782 shares; 2024Q4: 87,739 shares; 2025Q1: 98,286 shares; 2025Q2: 117,649 shares 117,649$3.74M0.58%+19,363Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,462 shares; 2024Q4: 89,292 shares; 2025Q1: 89,521 shares; 2025Q2: 90,399 shares 90,399$3.44M0.53%+878Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5 shares; 2024Q4: 5 shares; 2025Q1: 4 shares; 2025Q2: 4 shares 4$2.92M0.45%0Timeline
GRAFTECH INTL LTDGRAFTECH INTL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,873,481 shares; 2024Q4: 1,791,255 shares; 2025Q1: 1,706,172 shares; 2025Q2: 1,672,332 shares 1,672,332$1.63M0.25%-33,840
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,526 shares; 2024Q4: 19,376 shares; 2025Q1: 16,567 shares; 2025Q2: 16,547 shares 16,547$1.62M0.25%-20Timeline
AGIALAMOS GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,425 shares; 2024Q4: 50,995 shares; 2025Q1: 52,817 shares; 2025Q2: 51,477 shares 51,477$1.37M0.21%-1,340Timeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,929 shares; 2024Q4: 4,929 shares; 2025Q1: 4,929 shares; 2025Q2: 4,929 shares 4,929$819K0.13%0Timeline
TRVTRAVELERS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,665 shares; 2024Q4: 2,640 shares; 2025Q1: 2,286 shares; 2025Q2: 2,286 shares 2,286$612K0.09%0Timeline
CBCHUBB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,129 shares; 2024Q4: 2,129 shares; 2025Q1: 2,025 shares; 2025Q2: 2,025 shares 2,025$587K0.09%0Timeline
IMOIMPERIAL OIL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,945 shares; 2024Q4: 6,945 shares; 2025Q1: 6,945 shares; 2025Q2: 6,945 shares 6,945$552K0.09%0Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,911 shares; 2024Q4: 188,948 shares; 2025Q1: 185,189 shares; 2025Q2: 187,614 shares 187,614$486K0.08%+2,425Timeline
IBMINTERNATIONAL BUSINESS MACHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,399 shares; 2024Q4: 1,399 shares; 2025Q1: 1,399 shares; 2025Q2: 1,399 shares 1,399$412K0.06%0Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,749 shares; 2024Q4: 1,749 shares; 2025Q1: 1,749 shares; 2025Q2: 1,749 shares 1,749$255K0.04%0Timeline
SJTSAN JUAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,065 shares; 2024Q4: 14,565 shares; 2025Q1: 14,565 shares; 2025Q2: 14,565 shares 14,565$87.1K0.01%0Timeline

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
BARRICK GOLD CORPBARRICK GOLD CORP601,642$11.7Mshares
EMNEASTMAN CHEM CO2,300$203Kshares

How Q2 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 0001179232-25-000003 base2025-07-14acceptance time not in the bulk data set