Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
38
Top-10 weight
44.40%
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.
28
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.
532.3
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | State Street Navigator Securities Lending Portfolio II | GVMXX | 250,368,400 | $250.37M | 5.72% |
| 2 | WARRIOR MET COAL INC | — | 2,360,961 | $219.92M | 5.02% |
| 3 | CORE NATURAL RESOURCES INC | — | 2,087,145 | $218.59M | 4.99% |
| 4 | ALCOA CORP | — | 3,013,181 | $199.86M | 4.57% |
| 5 | RELIANCE STEEL and ALUMINUM CO | — | 649,006 | $197.25M | 4.51% |
| 6 | NUCOR CORP | — | 1,163,800 | $196.80M | 4.50% |
| 7 | STEEL DYNAMICS INC | — | 1,085,170 | $195.33M | 4.46% |
| 8 | FREEPORT MCMORAN INC | — | 3,249,179 | $190.99M | 4.36% |
| 9 | PEABODY ENERGY CORP | — | 5,792,276 | $190.86M | 4.36% |
| 10 | URANIUM ENERGY CORP | — | 14,131,051 | $190.77M | 4.36% |
| 11 | NEWMONT CORP | — | 1,720,636 | $186.26M | 4.26% |
| 12 | COMMERCIAL METALS CO | — | 3,005,454 | $184.63M | 4.22% |
| 13 | ROYAL GOLD INC | — | 724,899 | $184.48M | 4.21% |
| 14 | CLEVELAND-CLIFFS INC | — | 21,546,848 | $182.07M | 4.16% |
| 15 | HECLA MINING CO | — | 9,454,159 | $176.13M | 4.02% |
| 16 | CENTRUS ENERGY CORP CL A | — | 998,013 | $173.25M | 3.96% |
| 17 | COEUR MINING INC | — | 8,938,591 | $167.78M | 3.83% |
| 18 | MP MATERIALS CORP | — | 3,212,135 | $155.02M | 3.54% |
| 19 | HYCROFT MINING HOLDING CORP | — | 4,256,102 | $149.81M | 3.42% |
| 20 | CENTURY ALUMINUM COMPANY | — | 2,495,963 | $146.49M | 3.35% |
| 21 | USA RARE EARTH INC A | — | 8,152,118 | $123.38M | 2.82% |
| 22 | ALPHA METALLURGICAL RESOURCES INC | — | 494,920 | $101.59M | 2.32% |
| 23 | IVANHOE ELECTRIC INC | — | 6,938,073 | $82.01M | 1.87% |
| 24 | KAISER ALUMINUM | — | 648,605 | $78.16M | 1.79% |
| 25 | MATERION CORP | — | 520,924 | $75.35M | 1.72% |
| 26 | MCEWEN MINING INC | — | 3,008,638 | $61.44M | 1.40% |
| 27 | US ANTIMONY CORP | — | 5,351,168 | $46.72M | 1.07% |
| 28 | COMPASS MINERALS INTL INC | — | 1,539,874 | $35.96M | 0.82% |
| 29 | RYERSON HOLDING CORP | — | 1,444,256 | $32.47M | 0.74% |
| 30 | RAMACO RESOURCES INC | — | 2,012,907 | $31.12M | 0.71% |
| 31 | WORTHINGTON STEEL INC | — | 1,005,648 | $30.52M | 0.70% |
| 32 | UR-ENERGY INC | — | 19,436,018 | $28.96M | 0.66% |
| 33 | SUNCOKE ENERGY INC | — | 4,224,251 | $27.50M | 0.63% |
| 34 | IDAHO STRATEGIC RESOURCES | — | 851,097 | $27.34M | 0.62% |
| 35 | DAKOTA GOLD CORP | — | 4,467,435 | $22.56M | 0.52% |
| 36 | TIMKENSTEEL CORP | — | 1,352,755 | $22.10M | 0.50% |
| 37 | AMERICAN BATTERY TECHNOLOGY CO | — | 7,316,778 | $20.41M | 0.47% |
| 38 | LIGHTBRIDGE CORP | — | 1,818,190 | $19.38M | 0.44% |
| 39 | State Street Navigator Securities Lending Portfolio II | GVMXX | 3,898,196 | $3.90M | 0.09% |
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