Skip to content
Disclosery

FOUNDATION RESOURCE MANAGEMENT INC

Follow

13F filer, CIK 1179232, LITTLE ROCK, AR

FOUNDATION RESOURCE MANAGEMENT INC reported $696,024,372 across 51 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-14. Its ten largest share positions make up 52.38% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001179232-25-000010

Period
2025-09-30
Reported value
$696M
Holdings
51
Top 10 weight
52.38%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LKQnew+580,193$17.7M
NVOnew+167,766$9.31M
EAFnew+172,648$2.21M
BRK-Aadded+1$754K
PFEadded+10,867$277K

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-204,198-$17.1M
AEMreduced-90,874-$15.3M
CSCOexited-138,431-$9.6M
NEMreduced-105,512-$8.9M
GRAFTECH INTL LTDexited-1,672,332-$1.63M

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, Q3 2025

Share positions as resolved from 13F-HR 0001179232-25-000010, largest first. % of portfolio is the value over $696,024,372, 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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,937 shares; 2024Q4: 100,459 shares; 2025Q1: 97,773 shares; 2025Q2: 96,577 shares; 2025Q3: 96,594 shares 96,594$48.6M6.98%+17Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 705,710 shares; 2024Q4: 702,042 shares; 2025Q1: 683,046 shares; 2025Q2: 678,565 shares; 2025Q3: 573,053 shares 573,053$48.3M6.94%-105,512Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 434,254 shares; 2024Q4: 432,349 shares; 2025Q1: 417,905 shares; 2025Q2: 418,272 shares; 2025Q3: 420,628 shares 420,628$47.4M6.81%+2,356Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,009,995 shares; 2024Q4: 991,193 shares; 2025Q1: 948,721 shares; 2025Q2: 949,523 shares; 2025Q3: 951,919 shares 951,919$41.8M6%+2,396Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 240,300 shares; 2024Q4: 239,953 shares; 2025Q1: 231,471 shares; 2025Q2: 231,303 shares; 2025Q3: 232,982 shares 232,982$36.2M5.2%+1,679Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 317,316 shares; 2024Q4: 316,516 shares; 2025Q1: 307,001 shares; 2025Q2: 302,923 shares; 2025Q3: 212,049 shares 212,049$35.7M5.14%-90,874Timeline
DGDOLLAR GEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,513 shares; 2024Q4: 99,148 shares; 2025Q1: 282,874 shares; 2025Q2: 281,960 shares; 2025Q3: 283,634 shares 283,634$29.3M4.21%+1,674Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,679 shares; 2024Q4: 632,111 shares; 2025Q1: 618,468 shares; 2025Q2: 616,370 shares; 2025Q3: 622,441 shares 622,441$27.4M3.93%+6,071Timeline
COPCONOCOPHILLIPSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 295,004 shares; 2024Q4: 291,691 shares; 2025Q1: 282,814 shares; 2025Q2: 282,836 shares; 2025Q3: 284,450 shares 284,450$26.9M3.87%+1,614Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 574,223 shares; 2024Q4: 569,007 shares; 2025Q1: 892,125 shares; 2025Q2: 892,774 shares; 2025Q3: 903,641 shares 903,641$23M3.31%+10,867Timeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,426 shares; 2024Q4: 632,263 shares; 2025Q1: 633,348 shares; 2025Q2: 640,328 shares; 2025Q3: 643,147 shares 643,147$22.3M3.2%+2,819Timeline
FHIFEDERATED HERMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 418,252 shares; 2024Q4: 415,577 shares; 2025Q1: 401,678 shares; 2025Q2: 398,513 shares; 2025Q3: 396,828 shares 396,828$20.6M2.96%-1,685Timeline
BBARRICK MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 595,734 shares; 2025Q3: 597,996 shares 597,996$19.6M2.82%+2,262Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 552,684 shares; 2024Q4: 547,312 shares; 2025Q1: 530,626 shares; 2025Q2: 525,219 shares; 2025Q3: 532,473 shares 532,473$17.9M2.57%+7,254Timeline
LKQLKQ CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 580,193 shares 580,193$17.7M2.55%newTimeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,483 shares; 2024Q4: 126,828 shares; 2025Q1: 186,197 shares; 2025Q2: 188,552 shares; 2025Q3: 190,778 shares 190,778$16M2.3%+2,226Timeline
ABEVAMBEV SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 6,883,476 shares 6,883,476$15.4M2.21%+57,129Timeline
BENFRANKLIN TEMPLETON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 585,768 shares; 2024Q4: 572,379 shares; 2025Q1: 575,466 shares; 2025Q2: 581,327 shares; 2025Q3: 585,240 shares 585,240$13.5M1.94%+3,913Timeline
LLOEWS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 113,554 shares; 2024Q4: 133,585 shares; 2025Q1: 129,385 shares; 2025Q2: 127,396 shares; 2025Q3: 126,338 shares 126,338$12.7M1.82%-1,058Timeline
SNYSANOFI SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 273,321 shares; 2024Q4: 272,267 shares; 2025Q1: 260,662 shares; 2025Q2: 257,870 shares; 2025Q3: 258,047 shares 258,047$12.2M1.75%+177Timeline
GILDGILEAD SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 207,739 shares; 2024Q4: 207,719 shares; 2025Q1: 109,916 shares; 2025Q2: 109,106 shares; 2025Q3: 109,045 shares 109,045$12.1M1.74%-61Timeline
PBTPERMIAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 669,334 shares; 2024Q4: 662,541 shares; 2025Q1: 647,872 shares; 2025Q2: 643,257 shares; 2025Q3: 642,507 shares 642,507$11.7M1.68%-750Timeline
HPQHP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 379,968 shares; 2024Q4: 377,423 shares; 2025Q1: 369,476 shares; 2025Q2: 373,415 shares; 2025Q3: 375,314 shares 375,314$10.2M1.47%+1,899Timeline
PKEPARK AEROSPACE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 465,759 shares; 2024Q4: 469,278 shares; 2025Q1: 472,810 shares; 2025Q2: 491,897 shares; 2025Q3: 500,493 shares 500,493$10.2M1.46%+8,596Timeline
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 173,060 shares; 2025Q1: 170,872 shares; 2025Q2: 170,452 shares; 2025Q3: 170,779 shares 170,779$10M1.44%+327Timeline
NVONOVO-NORDISK A SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 167,766 shares 167,766$9.31M1.34%newTimeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 228,985 shares; 2024Q4: 229,409 shares; 2025Q1: 224,057 shares; 2025Q2: 220,762 shares; 2025Q3: 221,826 shares 221,826$8.7M1.25%+1,064Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,482 shares; 2024Q4: 64,915 shares; 2025Q1: 63,346 shares; 2025Q2: 62,933 shares; 2025Q3: 62,869 shares 62,869$8.55M1.23%-64Timeline
KHCKRAFT HEINZ COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 321,106 shares; 2024Q4: 318,334 shares; 2025Q1: 312,475 shares; 2025Q2: 313,349 shares; 2025Q3: 312,468 shares 312,468$8.14M1.17%-881Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 428,755 shares; 2024Q4: 435,264 shares; 2025Q1: 451,615 shares; 2025Q2: 467,702 shares; 2025Q3: 474,023 shares 474,023$8.05M1.16%+6,321Timeline
TENTSAKOS ENERGY NAVIGATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,826 shares; 2024Q4: 360,547 shares; 2025Q1: 352,432 shares; 2025Q2: 349,581 shares; 2025Q3: 352,024 shares 352,024$7.82M1.12%+2,443Timeline
TRCTEJON RANCH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 487,941 shares; 2024Q4: 484,596 shares; 2025Q1: 481,002 shares; 2025Q2: 483,215 shares; 2025Q3: 485,080 shares 485,080$7.75M1.11%+1,865Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 157,292 shares; 2024Q4: 156,519 shares; 2025Q1: 152,935 shares; 2025Q2: 153,014 shares; 2025Q3: 154,035 shares 154,035$6.95M1%+1,021Timeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 637,907 shares; 2024Q4: 639,821 shares; 2025Q1: 627,407 shares; 2025Q2: 633,405 shares; 2025Q3: 636,914 shares 636,914$6.91M0.99%+3,509Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 208,053 shares; 2025Q3: 210,783 shares 210,783$6.62M0.95%+2,730Timeline
APAAPA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 151,435 shares; 2024Q4: 159,319 shares; 2025Q1: 176,596 shares; 2025Q2: 220,040 shares; 2025Q3: 229,463 shares 229,463$5.57M0.8%+9,423Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 579,304 shares; 2024Q4: 572,785 shares; 2025Q1: 552,209 shares; 2025Q2: 261,264 shares; 2025Q3: 57,066 shares 57,066$4.79M0.69%-204,198Timeline
DVNDEVON ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,782 shares; 2024Q4: 87,739 shares; 2025Q1: 98,286 shares; 2025Q2: 117,649 shares; 2025Q3: 121,635 shares 121,635$4.26M0.61%+3,986Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5 shares; 2024Q4: 5 shares; 2025Q1: 4 shares; 2025Q2: 4 shares; 2025Q3: 5 shares 5$3.77M0.54%+1Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,462 shares; 2024Q4: 89,292 shares; 2025Q1: 89,521 shares; 2025Q2: 90,399 shares; 2025Q3: 91,523 shares 91,523$3.7M0.53%+1,124Timeline
EAFGRAFTECH INTL LTD SR NTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 172,648 shares 172,648$2.21M0.32%newTimeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,526 shares; 2024Q4: 19,376 shares; 2025Q1: 16,567 shares; 2025Q2: 16,547 shares; 2025Q3: 17,502 shares 17,502$1.8M0.26%+955Timeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,929 shares; 2024Q4: 4,929 shares; 2025Q1: 4,929 shares; 2025Q2: 4,929 shares; 2025Q3: 4,929 shares 4,929$950K0.14%0Timeline
TRVTRAVELERS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,665 shares; 2024Q4: 2,640 shares; 2025Q1: 2,286 shares; 2025Q2: 2,286 shares; 2025Q3: 2,315 shares 2,315$646K0.09%+29Timeline
IMOIMPERIAL OIL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,945 shares; 2024Q4: 6,945 shares; 2025Q1: 6,945 shares; 2025Q2: 6,945 shares; 2025Q3: 6,945 shares 6,945$630K0.09%0Timeline
CBCHUBB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,129 shares; 2024Q4: 2,129 shares; 2025Q1: 2,025 shares; 2025Q2: 2,025 shares; 2025Q3: 2,129 shares 2,129$601K0.09%+104Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,911 shares; 2024Q4: 188,948 shares; 2025Q1: 185,189 shares; 2025Q2: 187,614 shares; 2025Q3: 189,807 shares 189,807$592K0.09%+2,193Timeline
IBMINTERNATIONAL BUSINESS MACHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,399 shares; 2024Q4: 1,399 shares; 2025Q1: 1,399 shares; 2025Q2: 1,399 shares; 2025Q3: 1,399 shares 1,399$395K0.06%0Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,749 shares; 2024Q4: 1,749 shares; 2025Q1: 1,749 shares; 2025Q2: 1,749 shares; 2025Q3: 1,749 shares 1,749$293K0.04%0Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,106 shares 1,106$205K0.03%newTimeline
SJTSAN JUAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,065 shares; 2024Q4: 14,565 shares; 2025Q1: 14,565 shares; 2025Q2: 14,565 shares; 2025Q3: 14,565 shares 14,565$88K0.01%0Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
CSCOCISCO SYS INC138,431$9.6Mshares
GRAFTECH INTL LTDGRAFTECH INTL LTD1,672,332$1.63Mshares
AGIALAMOS GOLD INC51,477$1.37Mshares

How Q3 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 0001179232-25-000010 base2025-10-14acceptance time not in the bulk data set