Investments: Goehring & Rozencwajg Associates, LLC

Aktie	Ticker	2025/Q4		2025/Q3
		Investment ($)	QoQ Veränd. ($)	Investment ($)	QoQ Veränd. ($)
		1.009.385.873 $	+178.714.995 $	830.879.612 $	+830.879.612 $
BANK OF AMERICA CORP /DE/	BAC	467.958.055 $	+115.242.079 $	352.715.976 $	+352.715.976 $
Seadrill Ltd	SDRL	66.420.963 $	+15.211.569 $	51.209.394 $	+51.209.394 $
CAMECO CORP	CCJ	62.483.278 $	+8.117.762 $	54.365.516 $	+54.365.516 $
Valaris Ltd	VAL	53.528.328 $	+9.516.329 $	44.011.999 $	+44.011.999 $
Sibanye Stillwater Ltd	SBSW	50.440.440 $	+12.673.703 $	37.766.737 $	+37.766.737 $
CENTRUS ENERGY CORP	LEU	41.539.635 $	-8.377.604 $	49.917.239 $	+49.917.239 $
EQT Corp	EQT	45.330.056 $	+12.963.910 $	32.366.146 $	+32.366.146 $
ALAMOS GOLD INC	AGI	30.117.516 $	-10.787.801 $	40.905.317 $	+40.905.317 $
ANTERO RESOURCES Corp	AR	40.787.545 $	+13.135.917 $	27.651.628 $	+27.651.628 $
Noble Corp plc	NE	40.271.765 $	+9.683.127 $	30.588.638 $	+30.588.638 $
URANIUM ENERGY CORP	UEC	21.270.378 $	-1.797.617 $	23.067.995 $	+23.067.995 $
ENERGY FUELS INC	UUUU	17.875.592 $	-43.092 $	17.918.684 $	+17.918.684 $
Skeena Resources Ltd	SKE	13.372.912 $	-2.759.761 $	16.132.673 $	+16.132.673 $
MOSAIC CO	MOS	10.865.698 $	-3.984.625 $	14.850.323 $	+14.850.323 $
FREEPORT-MCMORAN INC	FCX	12.066.891 $	+3.225.291 $	8.841.600 $	+8.841.600 $
NOVAGOLD RESOURCES INC	NG	7.454.378 $	-2.599.530 $	10.053.908 $	+10.053.908 $
PAN AMERICAN SILVER CORP	PAAS	9.070.895 $	-537.243 $	9.608.138 $	+9.608.138 $
Permian Resources Corp	PR	7.169.791 $	+7.169.791 $
Borr Drilling Ltd	BORR	6.541.347 $	+3.736.487 $	2.804.860 $	+2.804.860 $
UR-ENERGY INC	URG	4.820.410 $	-1.073.697 $	5.894.107 $	+5.894.107 $
TIDEWATER INC	TDW			208.734 $	+208.734 $
SUNCOR ENERGY INC	SU	0 $	+0 $
		1.009.385.873 $	+178.714.995 $	830.879.612 $	+830.879.612 $