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Goehring & Rozencwajg Associates, LLC

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13F filer, CIK 1863154, NEW YORK, NY

Goehring & Rozencwajg Associates, LLC reported $1,738,729,931 across 41 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-05. Its ten largest share positions make up 58.4% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001863154-26-000004

Period
2026-06-30
Reported value
$1.74B
Holdings
41
Top 10 weight
58.4%
New
0
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMRadded+322,675$53.2M
NTRadded+632,728$39.8M
CNRadded+392,752$31.4M
HCCadded+352,932$28.6M
CNQadded+215,402$8.52M

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
AGIexited-686,587-$30.5M
EQXexited-1,283,253-$18.5M
FCXreduced-101,340-$6.36M

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 2026

Share positions as resolved from 13F-HR 0001863154-26-000004, largest first. % of portfolio is the value over $1,738,729,931, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 512,344 shares; 2025Q1: 526,765 shares; 2025Q2: 561,642 shares; 2025Q3: 1,004,981 shares; 2025Q4: 1,902,413 shares; 2026Q1: 2,827,853 shares; 2026Q2: 3,043,255 shares 3,043,255$120M6.92%+215,402Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 187,604 shares; 2024Q4: 181,104 shares; 2025Q1: 185,171 shares; 2025Q2: 181,320 shares; 2025Q3: 181,807 shares; 2025Q4: 936,962 shares; 2026Q1: 2,298,550 shares; 2026Q2: 2,454,873 shares 2,454,873$114M6.56%+156,323Timeline
RRCRANGE RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,435,576 shares; 2024Q4: 1,409,973 shares; 2025Q1: 1,435,376 shares; 2025Q2: 1,406,795 shares; 2025Q3: 1,411,151 shares; 2025Q4: 2,003,101 shares; 2026Q1: 2,721,749 shares; 2026Q2: 2,920,613 shares 2,920,613$109M6.25%+198,864Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 727,381 shares; 2026Q1: 1,840,155 shares; 2026Q2: 1,974,700 shares 1,974,700$106M6.1%+134,545Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 173,684 shares; 2024Q4: 167,230 shares; 2025Q1: 170,940 shares; 2025Q2: 432,021 shares; 2025Q3: 902,440 shares; 2025Q4: 1,062,070 shares; 2026Q1: 1,319,351 shares; 2026Q2: 1,413,542 shares 1,413,542$103M5.9%+94,191Timeline
SDRLSEADRILL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 486,702 shares; 2024Q4: 476,374 shares; 2025Q1: 1,200,201 shares; 2025Q2: 1,684,001 shares; 2025Q3: 1,695,114 shares; 2025Q4: 1,919,681 shares; 2026Q1: 2,449,565 shares; 2026Q2: 2,636,666 shares 2,636,666$99.7M5.74%+187,101Timeline
AMRALPHA METALLURGICAL RESOUR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 73,977 shares; 2024Q4: 71,800 shares; 2025Q1: 73,689 shares; 2025Q2: 73,893 shares; 2025Q3: 74,436 shares; 2025Q4: 78,895 shares; 2026Q1: 242,039 shares; 2026Q2: 564,714 shares 564,714$93.1M5.36%+322,675Timeline
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 212,297 shares; 2024Q4: 200,439 shares; 2025Q1: 671,829 shares; 2025Q2: 781,074 shares; 2025Q3: 780,238 shares; 2025Q4: 825,437 shares; 2026Q1: 822,291 shares; 2026Q2: 1,455,019 shares 1,455,019$91.6M5.27%+632,728Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 739,503 shares; 2024Q4: 658,629 shares; 2025Q1: 673,298 shares; 2025Q2: 648,982 shares; 2025Q3: 648,289 shares; 2025Q4: 682,952 shares; 2026Q1: 836,431 shares; 2026Q2: 893,328 shares 893,328$91M5.23%+56,897Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 283,062 shares; 2025Q2: 283,245 shares; 2025Q3: 285,352 shares; 2025Q4: 302,720 shares; 2026Q1: 708,225 shares; 2026Q2: 1,100,977 shares 1,100,977$88.1M5.07%+392,752Timeline
HCCWARRIOR MET COAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 598,113 shares; 2026Q2: 951,045 shares 951,045$77.2M4.44%+352,932Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 395,291 shares; 2024Q4: 370,492 shares; 2025Q1: 404,510 shares; 2025Q2: 382,240 shares; 2025Q3: 1,081,635 shares; 2025Q4: 1,426,054 shares; 2026Q1: 1,841,206 shares; 2026Q2: 1,987,601 shares 1,987,601$74.1M4.26%+146,395Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 606,740 shares; 2024Q4: 592,417 shares; 2025Q1: 605,654 shares; 2025Q2: 591,155 shares; 2025Q3: 594,638 shares; 2025Q4: 845,710 shares; 2026Q1: 1,159,203 shares; 2026Q2: 1,240,409 shares 1,240,409$66M3.79%+81,206Timeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 850,471 shares; 2024Q4: 830,532 shares; 2025Q1: 849,101 shares; 2025Q2: 824,612 shares; 2025Q3: 823,946 shares; 2025Q4: 1,183,620 shares; 2026Q1: 1,617,138 shares; 2026Q2: 1,731,731 shares 1,731,731$60.9M3.5%+114,593Timeline
SBSWSIBANYE STILLWATER LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 2,653,480 shares; 2025Q1: 2,749,710 shares; 2025Q2: 3,348,841 shares; 2025Q3: 3,360,030 shares; 2025Q4: 3,539,680 shares; 2026Q1: 4,270,069 shares; 2026Q2: 4,580,794 shares 4,580,794$38.9M2.24%+310,725Timeline
LEUCENTRUS ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 215,045 shares; 2024Q4: 207,756 shares; 2025Q1: 212,362 shares; 2025Q2: 185,422 shares; 2025Q3: 160,987 shares; 2025Q4: 171,114 shares; 2026Q1: 202,058 shares; 2026Q2: 216,750 shares 216,750$36.4M2.09%+14,692Timeline
PRPERMIAN RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 449,235 shares; 2026Q1: 1,814,700 shares; 2026Q2: 1,914,400 shares 1,914,400$35.2M2.03%+99,700Timeline
CHRDCHORD ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 283,461 shares; 2026Q2: 306,981 shares 306,981$35.1M2.02%+23,520Timeline
OIIOCEANEERING INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 471,357 shares; 2024Q4: 460,189 shares; 2025Q1: 470,545 shares; 2025Q2: 465,178 shares; 2025Q3: 466,058 shares; 2025Q4: 568,734 shares; 2026Q1: 713,586 shares; 2026Q2: 775,476 shares 775,476$31.4M1.81%+61,890Timeline
UECURANIUM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,802,484 shares; 2024Q4: 1,746,646 shares; 2025Q1: 1,784,948 shares; 2025Q2: 1,732,811 shares; 2025Q3: 1,729,235 shares; 2025Q4: 1,821,094 shares; 2026Q1: 2,201,921 shares; 2026Q2: 2,357,786 shares 2,357,786$25.1M1.45%+155,865Timeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 472,057 shares; 2024Q4: 451,979 shares; 2025Q1: 461,497 shares; 2025Q2: 427,078 shares; 2025Q3: 428,210 shares; 2025Q4: 451,046 shares; 2026Q1: 922,305 shares; 2026Q2: 1,178,956 shares 1,178,956$25M1.44%+256,651Timeline
MTDRMATADOR RES COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 286,680 shares; 2024Q4: 285,679 shares; 2025Q1: 292,069 shares; 2025Q2: 287,404 shares; 2025Q3: 288,212 shares; 2025Q4: 344,138 shares; 2026Q1: 457,894 shares; 2026Q2: 482,216 shares 482,216$24M1.38%+24,322Timeline
UUUUENERGY FUELS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,179,232 shares; 2024Q4: 1,145,393 shares; 2025Q1: 1,171,222 shares; 2025Q2: 1,168,516 shares; 2025Q3: 1,167,341 shares; 2025Q4: 1,229,408 shares; 2026Q1: 1,484,902 shares; 2026Q2: 1,590,170 shares 1,590,170$23.1M1.33%+105,268Timeline
IEIVANHOE ELECTRIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,716,316 shares; 2024Q4: 1,675,467 shares; 2025Q1: 1,713,186 shares; 2025Q2: 1,693,316 shares; 2025Q3: 1,697,189 shares; 2025Q4: 1,787,897 shares; 2026Q1: 2,115,009 shares; 2026Q2: 2,267,908 shares 2,267,908$21.8M1.25%+152,899Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 112,511 shares; 2024Q4: 109,031 shares; 2025Q1: 111,704 shares; 2025Q2: 110,383 shares; 2025Q3: 110,801 shares; 2025Q4: 165,368 shares; 2026Q1: 225,860 shares; 2026Q2: 237,837 shares 237,837$21.7M1.25%+11,977Timeline
FANGDIAMONDBACK ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 70,216 shares; 2024Q4: 68,243 shares; 2025Q1: 69,684 shares; 2025Q2: 69,677 shares; 2025Q3: 69,832 shares; 2025Q4: 85,243 shares; 2026Q1: 113,489 shares; 2026Q2: 119,576 shares 119,576$21M1.21%+6,087Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,459,659 shares; 2024Q4: 1,440,874 shares; 2025Q1: 1,472,899 shares; 2025Q2: 1,445,108 shares; 2025Q3: 1,442,255 shares; 2025Q4: 1,518,939 shares; 2026Q1: 1,810,943 shares; 2026Q2: 1,964,702 shares 1,964,702$18.4M1.06%+153,759Timeline
DNNDENISON MINES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,844,109 shares; 2024Q4: 3,710,097 shares; 2025Q1: 3,793,204 shares; 2025Q2: 3,756,986 shares; 2025Q3: 3,753,145 shares; 2025Q4: 3,952,752 shares; 2026Q1: 4,720,615 shares; 2026Q2: 5,117,155 shares 5,117,155$15.7M0.9%+396,540Timeline
CRKCOMSTOCK RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 727,364 shares; 2024Q4: 702,991 shares; 2025Q1: 398,707 shares; 2025Q2: 408,590 shares; 2025Q3: 409,788 shares; 2025Q4: 639,289 shares; 2026Q1: 861,858 shares; 2026Q2: 907,267 shares 907,267$13.5M0.78%+45,409Timeline
SMSM ENERGY COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 487,730 shares; 2026Q2: 513,406 shares 513,406$13.4M0.77%+25,676Timeline
IPIINTREPID POTASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 208,090 shares; 2024Q4: 209,362 shares; 2025Q1: 213,977 shares; 2025Q2: 207,525 shares; 2025Q3: 208,232 shares; 2025Q4: 219,316 shares; 2026Q1: 267,097 shares; 2026Q2: 297,866 shares 297,866$9.76M0.56%+30,769Timeline
BORRBORR DRILLING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,046,152 shares; 2024Q4: 1,033,317 shares; 2025Q1: 1,056,112 shares; 2025Q2: 1,033,961 shares; 2025Q3: 1,042,699 shares; 2025Q4: 1,623,163 shares; 2026Q1: 2,119,465 shares; 2026Q2: 2,238,675 shares 2,238,675$9.25M0.53%+119,210Timeline
TMQTRILOGY METALS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,669,216 shares; 2024Q4: 1,392,197 shares; 2025Q1: 1,402,797 shares; 2025Q2: 1,279,509 shares; 2025Q3: 1,338,321 shares; 2025Q4: 1,408,204 shares; 2026Q1: 1,728,153 shares; 2026Q2: 1,775,530 shares 1,775,530$6.2M0.36%+47,377Timeline
URGUR-ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,164,742 shares; 2024Q4: 3,148,214 shares; 2025Q1: 3,220,120 shares; 2025Q2: 3,301,117 shares; 2025Q3: 3,292,797 shares; 2025Q4: 3,467,921 shares; 2026Q1: 4,253,094 shares; 2026Q2: 4,384,124 shares 4,384,124$5.96M0.34%+131,030Timeline
NGNOVAGOLD RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 351,416 shares; 2024Q4: 371,128 shares; 2025Q1: 379,628 shares; 2025Q2: 1,127,844 shares; 2025Q3: 1,142,489 shares; 2025Q4: 799,826 shares; 2026Q1: 692,741 shares; 2026Q2: 710,721 shares 710,721$4.24M0.24%+17,980Timeline
CMCLCALEDONIA MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 227,891 shares; 2024Q4: 226,221 shares; 2025Q1: 232,034 shares; 2025Q2: 232,065 shares; 2025Q3: 234,065 shares; 2025Q4: 165,304 shares; 2026Q1: 153,264 shares; 2026Q2: 156,906 shares 156,906$3M0.17%+3,642Timeline
EUENCORE ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,161,648 shares; 2024Q4: 1,136,521 shares; 2025Q1: 1,161,923 shares; 2025Q2: 1,161,320 shares; 2025Q3: 1,165,336 shares; 2025Q4: 1,227,255 shares; 2026Q1: 1,464,724 shares; 2026Q2: 1,508,483 shares 1,508,483$1.98M0.11%+43,759Timeline
TFPMTRIPLE FLAG PRECIOUS METALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 107,671 shares; 2024Q4: 99,656 shares; 2025Q1: 101,856 shares; 2025Q2: 100,088 shares; 2025Q3: 100,724 shares; 2025Q4: 68,022 shares; 2026Q1: 60,271 shares; 2026Q2: 61,584 shares 61,584$1.84M0.11%+1,313Timeline
ORLAORLA MNG LTD NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,393,971 shares; 2024Q4: 1,367,031 shares; 2025Q1: 1,397,753 shares; 2025Q2: 1,176,349 shares; 2025Q3: 1,182,704 shares; 2025Q4: 777,949 shares; 2026Q1: 161,584 shares; 2026Q2: 165,196 shares 165,196$1.61M0.09%+3,612Timeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 233,773 shares; 2024Q4: 225,649 shares; 2025Q1: 230,701 shares; 2025Q2: 224,924 shares; 2025Q3: 225,436 shares; 2025Q4: 237,584 shares; 2026Q1: 123,252 shares; 2026Q2: 21,912 shares 21,912$1.37M0.08%-101,340Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,914 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,914 shares; 2025Q4: not reported; 2026Q1: 3,914 shares; 2026Q2: 3,914 shares 3,914$261K0.01%0Timeline

Sold out in Q2 2026

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

SecurityShares beforeValue beforeType
AGIALAMOS GOLD INC686,587$30.5Mshares
EQXEQUINOX GOLD CORP1,283,253$18.5Mshares

How Q2 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 0001863154-26-000004 base2026-08-05acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0001863154-26-000004 Quarter ended 2026-06-302026-08-05acceptance time not in the bulk data set
13F-HR 0001863154-26-000003 Quarter ended 2026-03-312026-05-05acceptance time not in the bulk data set
13F-HR 0001863154-26-000002 Quarter ended 2025-12-312026-02-13acceptance time not in the bulk data set
13F-HR 0001863154-25-000004 Quarter ended 2025-09-302025-11-10acceptance time not in the bulk data set
13F-HR 0001085146-25-004923 Quarter ended 2025-06-302025-08-12acceptance time not in the bulk data set
13F-HR 0001085146-25-002412 Quarter ended 2025-03-312025-04-29acceptance time not in the bulk data set
13F-HR 0001085146-25-000524 Quarter ended 2024-12-312025-01-28acceptance time not in the bulk data set
13F-HR 0001085146-24-005658 Quarter ended 2024-09-302024-11-13acceptance time not in the bulk data set
13F-HR 0001085146-24-003719 Quarter ended 2024-06-302024-08-12acceptance time not in the bulk data set
13F-HR 0001085146-24-002403 Quarter ended 2024-03-312024-05-13acceptance time not in the bulk data set
13F-HR 0001085146-24-001284 Quarter ended 2023-12-312024-02-14acceptance time not in the bulk data set
13F-HR 0001085146-23-004403 Quarter ended 2023-09-302023-11-14acceptance time not in the bulk data set
13F-HR 0001085146-23-003360 Quarter ended 2023-06-302023-08-14acceptance time not in the bulk data set
13F-HR 0001085146-23-002175 Quarter ended 2023-03-312023-05-09acceptance time not in the bulk data set
13F-HR 0001085146-23-001445 Quarter ended 2022-12-312023-03-01acceptance time not in the bulk data set