Goehring & Rozencwajg Associates 13F annual report
Goehring & Rozencwajg Associates is an investment fund managing more than $462 billion ran by Kevin Ofriel. There are currently 51 companies in Mr. Ofriel’s portfolio. The largest investments include Range Res Corp and Cameco, together worth $76.6 billion.
$462 billion Assets Under Management (AUM)
As of 6th May 2024, Goehring & Rozencwajg Associates’s top holding is 1,238,001 shares of Range Res Corp currently worth over $42.6 billion and making up 9.2% of the portfolio value.
In addition, the fund holds 784,816 shares of Cameco worth $34 billion, whose value grew 16.4% in the past six months.
The third-largest holding is Antero Resources Corp worth $21.1 billion and the next is Alpha Metallurgical Resour I worth $20.4 billion, with 61,747 shares owned.
Currently, Goehring & Rozencwajg Associates's portfolio is worth at least $462 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Goehring & Rozencwajg Associates
The Goehring & Rozencwajg Associates office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Kevin Ofriel serves as the Chief Operating Officer at Goehring & Rozencwajg Associates.
Recent trades
In the most recent 13F filing, Goehring & Rozencwajg Associates revealed that it had opened a new position in
Alamos Gold and bought 633,363 shares worth $9.34 billion.
This means they effectively own approximately 0.1% of the company.
Alamos Gold makes up
7.9%
of the fund's Materials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Range Res Corp by buying
56,939 additional shares.
This makes their stake in Range Res Corp total 1,238,001 shares worth $42.6 billion.
On the other hand, Kevin Ofriel disclosed a decreased stake in Pioneer Nat Res Co by 0.4%.
This leaves the value of the investment at $14.3 billion and 54,513 shares.
One of the average hedge funds
The two most similar investment funds to Goehring & Rozencwajg Associates are Af Advisors and Embree. They manage $461 billion and $461 billion respectively.
Kevin Ofriel investment strategy
Goehring & Rozencwajg Associates’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Energy — making up 28.3% of
the total portfolio value.
The fund focuses on investments in the United States as
35.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
16% of the total holdings value.
On the other hand, small-cap stocks make up only 2.0% of the portfolio.
The average market cap of the portfolio companies is close to $11.7 billion.
The complete list of Goehring & Rozencwajg Associates trades based on 13F SEC filings
These positions were updated on May 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Range Res Corp |
4.82%
1,238,001
|
$42,624,374,000 | 9.24% |
| Cameco Corp. |
8.60%
784,816
|
$33,998,229,000 | 7.37% |
| Antero Resources Corp |
9.30%
728,384
|
$21,123,136,000 | 4.58% |
| Alpha Metallurgical Resour I |
12.63%
61,747
|
$20,448,754,000 | 4.43% |
| EQT Corp |
9.30%
519,093
|
$19,168,911,000 | 4.15% |
| Matador Res Co |
10.30%
244,772
|
$16,343,426,000 | 3.54% |
| Consol Energy Inc |
12.30%
174,922
|
$14,651,467,000 | 3.17% |
| Pioneer Nat Res Co |
43.56%
54,513
|
$14,309,663,000 | 3.10% |
| Ivanhoe Electric Inc |
9.44%
1,431,839
|
$14,032,022,000 | 3.04% |
| Mosaic Co New |
7.38%
410,676
|
$13,330,543,000 | 2.89% |
| Civitas Resources Inc |
9.93%
168,247
|
$12,771,630,000 | 2.77% |
| Diamondback Energy Inc |
9.51%
56,901
|
$11,276,071,000 | 2.44% |
| Uranium Energy Corp |
8.62%
1,547,530
|
$10,445,828,000 | 2.26% |
| Nutrien Ltd |
78.84%
185,683
|
$10,084,444,000 | 2.18% |
| Diamond Offshore Drilling In |
8.40%
738,174
|
$10,068,693,000 | 2.18% |
| Championx Corporation |
9.03%
275,041
|
$9,847,183,000 | 2.13% |
| Cf Inds Hldgs Inc |
8.28%
116,052
|
$9,656,687,000 | 2.09% |
| NexGen Energy Ltd |
11.49%
1,242,439
|
$9,653,751,000 | 2.09% |
| Freeport-McMoRan Inc |
8.63%
200,485
|
$9,398,937,000 | 2.04% |
| Alamos Gold Inc. |
Opened
633,363
|
$9,342,104,000 | 2.02% |
| Oceaneering International, Inc. |
8.81%
377,587
|
$8,835,536,000 | 1.91% |
| Schlumberger Ltd. |
8.50%
156,511
|
$8,578,368,000 | 1.86% |
| Chesapeake Energy Corp. |
8.83%
95,805
|
$8,510,358,000 | 1.84% |
| Noble Corp Plc |
7.63%
172,078
|
$8,344,062,000 | 1.81% |
| Seadrill 2021 Ltd |
9.86%
159,254
|
$8,010,476,000 | 1.74% |
| Arch Resources Inc |
12.10%
48,581
|
$7,811,339,000 | 1.69% |
| Centrus Energy Corp |
11.14%
172,093
|
$7,147,022,000 | 1.55% |
| Denison Mines Corp |
11.33%
3,100,230
|
$6,045,449,000 | 1.31% |
| Borr Drilling Ltd |
11.30%
880,752
|
$6,033,151,000 | 1.31% |
| Energy Fuels Inc |
11.08%
915,144
|
$5,756,256,000 | 1.25% |
| Skeena Res Ltd New |
263.93%
1,197,300
|
$5,508,995,000 | 1.19% |
| Ero Copper Corp |
11.04%
277,508
|
$5,353,404,000 | 1.16% |
| Equinox Gold Corp |
11.25%
871,844
|
$5,260,684,000 | 1.14% |
| APA Corporation |
10.81%
152,080
|
$5,188,209,000 | 1.12% |
| Comstock Res Inc |
11.27%
534,870
|
$4,963,594,000 | 1.08% |
| Corteva Inc |
10.82%
80,185
|
$4,624,269,000 | 1.00% |
| Hudbay Minerals Inc. |
11.06%
657,670
|
$4,604,660,000 | 1.00% |
| Encore Energy Corp |
12.24%
977,648
|
$4,282,098,000 | 0.93% |
| Transocean Ltd |
11.10%
680,474
|
$4,273,377,000 | 0.93% |
| Orla Mng Ltd New |
11.09%
1,113,314
|
$4,218,095,000 | 0.91% |
| Ur-Energy Inc. |
11.94%
2,413,746
|
$3,861,994,000 | 0.84% |
| Intrepid Potash Inc |
11.40%
174,624
|
$3,642,657,000 | 0.79% |
| Valaris Ltd |
11.17%
47,538
|
$3,577,710,000 | 0.78% |
| Pan Amern Silver Corp |
11.28%
220,591
|
$3,326,512,000 | 0.72% |
| NOV Inc |
11.05%
164,885
|
$3,218,555,000 | 0.70% |
| Vital Energy Inc |
13.30%
48,843
|
$2,566,211,000 | 0.56% |
| Caledonia Mng Corp Plc |
14.65%
185,917
|
$2,031,887,000 | 0.44% |
| Triple Flag Precious Metal |
10.18%
91,671
|
$1,324,964,000 | 0.29% |
| Novagold Res Inc |
12.75%
291,868
|
$875,604,000 | 0.19% |
| Trilogy Metals Inc |
4.95%
1,678,816
|
$830,825,000 | 0.18% |
| Tidewater Inc. |
No change
3,914
|
$360,088,000 | 0.08% |
| No transactions found | |||
| Showing first 500 out of 51 holdings | |||
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