CoreCommodity Management, LLC
$538M in tracked AUM across 120 positions as of Q1 2026.
CoreCommodity Management sold 1.02 million shares of CCNR, an estimated $40.9 million reduction, even as the stake's reported value rose by $28.1 million. Price appreciation masked the sale. Yet CCNR still occupies 62.6% of the $537.9 million portfolio, so the firm's 120 reported holdings remain economically subordinate to a single fund position.
The smaller trades reveal where the portfolio was being redirected. CoreCommodity opened NTR, MOS and CF positions worth a combined $16.5 million, added to SM, CHRD and CNQ, and established new stakes in CRC and OXY. At the same time it exited HBM, AA, FCX and SCCO. The quarter therefore paired a partial harvest of the dominant CCNR holding with a clear shift from several metal producers toward fertilizer and a broader set of energy operators.
Quarter at a glance — Q1 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q1 2026.