Goehring & Rozencwajg Associates, LLC
Annual return '25
+18.5%
SPY '25
+17.7%
Alpha
+0.8ptsvs SPY
Invested
$1.9B
Holdings
43
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 99%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$CNQ
CANADIAN NAT RES LTD MED TER
Q1 2026: Exited (was 1.90M shares)
7.4%
02
$VAL
VALARIS LTD
Q1 2026: Exited (was 1.06M shares)
7.0%
03
$RRC
RANGE RES CORP
Q1 2026: Exited (was 2.00M shares)
6.6%
04
$SU
SUNCOR ENERGY INC NEW
Q1 2026: Exited (was 727.4k shares)
6.5%
05
$SLB
SLB LIMITED
Q1 2026: Exited (was 937.0k shares)
6.3%
06
$SDRL
SEADRILL LTD
Q1 2026: Exited (was 1.92M shares)
6.0%
07
$CCJ
CAMECO CORP
Q1 2026: Exited (was 683.0k shares)
4.9%
08
$NE
NOBLE CORP PLC
Q1 2026: Exited (was 1.43M shares)
4.9%
09
$CNR
CORE NATURAL RESOURCES INC
Q1 2026: Exited (was 302.7k shares)
4.0%
10
$EQT
EQT CORP
Q1 2026: Exited (was 845.7k shares)
4.0%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 10:28 UTC.