13F Insight
DOSSIER · 13F-HR · Q2 2026

Goehring & Rozencwajg Associates, LLC

$1.7B in tracked AUM across 41 positions as of Q2 2026.

G&
CIK 0001863154 · last filed Jun 30, 2026
Total AUM
$1.7B
as of Q2 2026
Holdings
41
—
positions
Whale Score
67
67
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of Goehring & Rozencwajg Associates 13F Filing
Portfolio Overview

For the reporting period ending September 30, 2025, Goehring & Rozencwajg Associates managed a portfolio totaling approximately $588.43 million across 27 holdings. This represents a decrease in total portfolio value of 10.0% from the previous quarter's $653.96 million. The decline in value is likely attributable to a combination of market performance in the firm's targeted sectors and the a...

The firm exhibited significant portfolio turnover during the quarter. The activity summary indicates 15 positions were sold completely, while stakes were increased in 20 holdings. This high level of churn—despite a static number of total holdings—suggests a dynamic strategy of capital reallocation, moving capital out of specific names to redeploy into existing core positions or new opportunities.

Key Holdings

The portfolio is dominated by positions in the energy and natural resources sectors, with a specific emphasis on commodities. The top five holdings are tightly clustered in value, ranging between 7.78% and 9.24% of the portfolio, suggesting a balanced weighting among the firm's highest-conviction ideas rather than a single dominant bet.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
CNQ
CANADIAN NAT RES LTD MED TER
$120M3.0M6.9%02
SLB
SLB LIMITED
$114M2.5M6.6%03
RRC
RANGE RES CORP
$109M2.9M6.2%04
SU
SUNCOR ENERGY INC NEW
$106M2.0M6.1%05
G9460G101
VALARIS LTD
$103M1.4M5.9%06
G7997W102
SEADRILL LTD
$100M2.6M5.7%07
AMR
ALPHA METALLURGICAL RESOUR I
$93M565K5.4%08
NTR
NUTRIEN LTD
$92M1.5M5.3%09
CCJ
CAMECO CORP
$91M893K5.2%10
CNR
CORE NATURAL RESOURCES INC
$88M1.1M5.1%

Filing history

2026Q2Jun 30
$1.7B▼ 6.6%
41 positionsView →2026Q1Mar 31
$1.9B▲ 84.4%
43 positionsView →2025Q4Dec 31
$1.0B▲ 71.5%
43 positionsView →2025Q3Sep 30
$588M▼ 10.0%
27 positionsView →2025Q2Jun 30
$654M▲ 70.3%
41 positionsLocked2025Q1Mar 31
$384M▼ 21.1%
27 positionsLocked2024Q4Dec 31
$487M▼ 0.8%
44 positionsLocked2024Q3Sep 30
$491M▼ 2.6%
44 positionsLocked2024Q2Jun 30
$504M▲ 9.1%
48 positionsLocked2024Q1Mar 31
$462M▲ 11.5%
51 positionsLocked2023Q4Dec 31
$414M▲ 1.3%
50 positionsLocked2023Q3Sep 30
$408M▲ 17.5%
50 positionsLocked
Showing 12 of 15