Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
28
Top-10 weight
61.05%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
20
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
179.8
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | ALBEMARLE CORP | — | 1,349,379 | $242.25M | 9.35% |
| 2 | LYNAS RARE EARTH | — | 15,398,610 | $207.54M | 8.01% |
| 3 | PLS GROUP LTD | — | 52,573,276 | $191.09M | 7.38% |
| 4 | CHINA NORTHERN-A | — | 25,812,816 | $179.96M | 6.95% |
| 5 | GANFENG LITHIU-H | — | 16,186,040 | $153.51M | 5.93% |
| 6 | Sociedad Quimica y Minera de Chile S A ADR(REPR 1 PRF SER'B') | SQM US | 1,820,206 | $147.33M | 5.69% |
| 7 | LIONTOWN RESOURC | — | 109,413,944 | $132.57M | 5.12% |
| 8 | MP MATERIALS CORP | — | 2,731,274 | $131.81M | 5.09% |
| 9 | XIAMEN TUNGSTE-A | — | 15,353,944 | $125.78M | 4.86% |
| 10 | SHENGHE RESOUC-A | — | 31,651,981 | $104.70M | 4.04% |
| 11 | JINDUICHENG -A | — | 37,546,015 | $102.71M | 3.97% |
| 12 | ILUKA RESOURCES | — | 18,323,088 | $85.51M | 3.30% |
| 13 | ALMONTY INDUSTRI | — | 5,723,363 | $82.87M | 3.20% |
| 14 | AMG CRITICAL MAT | — | 1,874,695 | $74.86M | 2.89% |
| 15 | LITHIUM AMERICAS | — | 17,490,706 | $69.09M | 2.67% |
| 16 | State Street Navigator Securities Lending Portfolio II | GVMXX | 62,652,016 | $62.65M | 2.42% |
| 17 | US ANTIMONY CORP | — | 7,056,429 | $61.60M | 2.38% |
| 18 | TRONOX HOLDINGS PLC | — | 6,160,787 | $60.19M | 2.32% |
| 19 | JIAXIN INTERNATIONAL RESOURCES INVESTMENT LTD | 3858 | 4,426,000 | $59.66M | 2.30% |
| 20 | HUBEI ZHENHUA CHEMICAL CO LTD | — | 12,834,835 | $59.53M | 2.30% |
| 21 | Lithium Argentina AG | LAR | 7,439,448 | $49.70M | 1.92% |
| 22 | SIGMA LITHIUM CORP COMMON STOCK | SGML CN | 3,855,142 | $47.57M | 1.84% |
| 23 | Standard Lithium, Ltd. | SLI | 12,781,122 | $43.58M | 1.68% |
| 24 | BAOJI TITANIUM I | — | 8,627,973 | $42.45M | 1.64% |
| 25 | VULCAN ENERGY RE | — | 18,568,996 | $41.87M | 1.62% |
| 26 | IPERIONX LTD ADR | IPX | 1,483,519 | $38.63M | 1.49% |
| 27 | ERAMET | — | 628,472 | $37.46M | 1.45% |
| 28 | AVZ Minerals Ltd. | — | 52,906,510 | $11.41M | 0.44% |
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