FOUNDATION RESOURCE MANAGEMENT INC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $57.5M | 420,834 | - | new | NEW | |
| TECK RESOURCES LTD | TECK | $52.9M | 889,933 | +0.84pp | 31q | -2.5%-$1.4M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $47.7M | 95,399 | +0.32pp | 31q | -1.6%-$791.6K | |
| NEWMONT CORP | NEM | $46.7M | 499,595 | -0.67pp | 31q | HELD | |
| CHEVRON CORPORATION | CVX | $39.2M | 236,345 | -0.94pp | 31q | HELD | |
| DOLLAR GEN CORP | DG | $33.0M | 286,343 | +0.05pp | 8q | +1.0%+$336.7K | |
| CONOCOPHILLIPS | COP | $29.8M | 286,730 | -0.80pp | 31q | HELD | |
| ADOBE INC | ADBE | $27.5M | 133,964 | +1.05pp | 2q | +70.8%+$11.4M | |
| AGNICO EAGLE MINES LTD | AEM | $27.3M | 175,951 | -0.85pp | 19q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $27.3M | 644,119 | -0.46pp | 18q | HELD | |
| MERCK & CO INC | MRK | $26.0M | 202,690 | +0.29pp | 31q | HELD | |
| HP INC | HPQ | $24.3M | 1,108,598 | +0.44pp | 31q | HELD | |
| PFIZER INC | PFE | $22.5M | 936,078 | -0.33pp | 31q | HELD | |
| AMBEV SA | ABEV | $22.2M | 7,085,184 | +0.25pp | 17q | HELD | |
| FEDERATED HERMES INC | FHI | $21.0M | 380,117 | -0.03pp | 31q | -1.8%-$379.3K | |
| DIAGEO PLC | DEO | $19.4M | 241,589 | +0.25pp | 3q | +0.6%+$114.5K | |
| FRANKLIN RESOURCES INC | BEN | $19.4M | 583,131 | +0.70pp | 31q | HELD | |
| PARK AEROSPACE CORP | PKE | $19.2M | 502,684 | +0.67pp | 12q | -0.7%-$129.5K | |
| INTEL CORP | INTC | $18.7M | 133,779 | -0.10pp | 31q | -70.8%-$45.4M | |
| COMCAST CORP NEW | CMCSA | $16.8M | 682,420 | -0.22pp | 5q | +1.6%+$268.7K | |
| LKQ CORP | LKQ | $15.9M | 603,424 | -0.13pp | 4q | +1.0%+$154.2K | |
| PERMIAN BASIN RTY TR | PBT | $15.7M | 626,331 | +0.30pp | 31q | -0.6%-$97.1K | |
| MOSAIC CO | MOS | $14.7M | 694,864 | -0.25pp | 31q | +1.6%+$235.9K | |
| BARRICK MNG CORP | B | $14.2M | 386,565 | -0.12pp | 5q | HELD | |
| LOEWS CORP | L | $14.2M | 125,360 | +0.12pp | 31q | -1.8%-$260.2K | |
| FREEPORT-MCMORAN INC | FCX | $13.0M | 206,120 | +0.12pp | 31q | -1.7%-$229.1K | |
| GILEAD SCIENCES INC | GILD | $12.9M | 102,147 | -0.11pp | 31q | -0.8%-$107.4K | |
| BUILDERS FIRSTSOURCE INC | BLDR | $12.7M | 142,094 | - | new | NEW | |
| CENOVUS ENERGY INC | CVE | $12.6M | 507,297 | -0.05pp | 31q | HELD | |
| TSAKOS ENERGY NAVIGATION LTD | TEN | $11.9M | 336,441 | -0.14pp | 24q | -1.8%-$224.0K | |
| NUTRIEN LTD | NTR | $11.8M | 187,442 | -0.21pp | 7q | +0.6%+$73.4K | |
| SANOFI SA | SNY | $11.7M | 274,452 | -0.12pp | 31q | HELD | |
| PHILLIPS 66 | PSX | $10.4M | 61,342 | -0.06pp | 31q | -0.8%-$79.6K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $9.9M | 171,716 | +0.02pp | 9q | +3.5%+$337.8K | |
| TEJON RANCH CO | TRC | $9.6M | 514,024 | +0.03pp | 31q | HELD | |
| APA CORPORATION | APA | $8.6M | 262,921 | -0.25pp | 22q | +0.9%+$76.9K | |
| NOVO-NORDISK A S | NVO | $8.5M | 177,838 | +0.27pp | 4q | +2.1%+$178.0K | |
| THE CAMPBELLS COMPANY | CPB | $8.1M | 363,960 | +0.05pp | 2q | +2.1%+$163.9K | |
| KRAFT HEINZ CO | KHC | $7.7M | 326,800 | +0.08pp | 26q | +0.9%+$65.6K | |
| CNH INDL N V | CNH | $7.7M | 684,335 | +0.05pp | 11q | HELD | |
| DEVON ENERGY CORP NEW | DVN | $6.3M | 152,079 | -0.11pp | 31q | +2.9%+$178.4K | |
| CAMECO CORP | CCJ | $5.7M | 55,568 | -0.03pp | 31q | -0.8%-$46.6K | |
| OVINTIV INC | OVV | $5.5M | 104,143 | -0.05pp | 26q | +0.6%+$34.4K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $3.7M | 5 | +0.03pp | 31q | HELD | |
| WALMART INC | WMT | $2.0M | 18,055 | -0.01pp | 31q | +3.2%+$62.6K | |
| MARATHON PETE CORP | MPC | $1.3M | 4,929 | +0.01pp | 23q | HELD | |
| TRANSOCEAN LTD | RIG | $827.9K | 169,298 | -0.03pp | 31q | HELD | |
| IMPERIAL OIL LTD | IMO | $778.0K | 6,945 | -0.01pp | 31q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $764.2K | 2,315 | +0.01pp | 31q | HELD | |
| CHUBB LIMITED | CB | $725.4K | 2,129 | +0.01pp | 23q | HELD | |
| GRAFTECH INTL LTD SR NT | EAF | $628.6K | 106,355 | -0.01pp | 4q | -0.7%-$4.6K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $438.4K | 1,559 | +0.01pp | 12q | +11.4%+$45.0K | |
| RTX CORPORATION | RTX | $399.9K | 2,108 | +0.01pp | 8q | +20.5%+$68.1K | |
| JOHNSON & JOHNSON | JNJ | $308.6K | 1,215 | +0.01pp | 4q | +9.9%+$27.7K | |
| MURPHY USA INC | MUSA | $202.1K | 375 | - | new | NEW | |
| SAN JUAN BASIN RTY TR | SJT | $46.8K | 14,565 | flat | 31q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $172.7M | 20.1% |
| Mining & Metals | $159.7M | 18.6% |
| Biotech & Pharma | $91.9M | 10.7% |
| Insurance | $67.2M | 7.8% |
| Food, Drink & Tobacco | $57.5M | 6.7% |
| Retail & Consumer | $47.9M | 5.6% |
| Telecom & Media | $44.0M | 5.1% |
| Capital Markets | $40.4M | 4.7% |
| Software & IT Services | $27.5M | 3.2% |
| Chemicals | $26.5M | 3.1% |
| Computer Hardware | $24.8M | 2.9% |
| Autos & Aerospace | $19.6M | 2.3% |
| Other sectors | $80.1M | 9.3% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $859.7M | 56 | 3 | 18 | 13 | 2 | 45.2% | 21 |
| Q1 2026 | $888.5M | 55 | 3 | 25 | 16 | 0 | 48.9% | 21 |
| Q4 2025 | $747.5M | 52 | 1 | 16 | 5 | 0 | 51.9% | 22 |
| Q3 2025 | $696.0M | 51 | 4 | 25 | 4 | 3 | 52.4% | 14 |
| Q2 2025 | $646.7M | 50 | 2 | 11 | 16 | 2 | 53.6% | 14 |
| Q1 2025 | $634.4M | 50 | 0 | 9 | 33 | 2 | 54.6% | 14 |
| Q4 2024 | $598.7M | 52 | 2 | 9 | 23 | 2 | 53.6% | 14 |
| Q3 2024 | $646.9M | 52 | 2 | 6 | 17 | 2 | 54.6% | 10 |
| Q2 2024 | $625.9M | 52 | 1 | 9 | 14 | 1 | 53.7% | 10 |
| Q1 2024 | $636.6M | 52 | 0 | 26 | 7 | 0 | 53.5% | 11 |
| Q4 2023 | $627.8M | 52 | 2 | 25 | 15 | 2 | 52.9% | 10 |
| Q3 2023 | $602.4M | 52 | 2 | 9 | 23 | 1 | 54.9% | 10 |
| Q2 2023 | $600.5K | 51 | 0 | 29 | 5 | 1 | 52.6% | 12 |
| Q1 2023 | $603.8K | 52 | 0 | 25 | 5 | 1 | 52.3% | 11 |
| Q4 2022 | $604.3K | 53 | 2 | 5 | 7 | 0 | 52.7% | 12 |
| Q3 2022 | $526.0M | 51 | 1 | 38 | 8 | 2 | 54.2% | 13 |
| Q2 2022 | $560.9M | 52 | 2 | 12 | 18 | 2 | 53.3% | 15 |
| Q1 2022 | $648.1M | 52 | 2 | 20 | 14 | 1 | 55.8% | 12 |
| Q4 2021 | $514.2M | 51 | 3 | 18 | 14 | 2 | 53.9% | 21 |
| Q3 2021 | $443.4M | 50 | 1 | 11 | 10 | 1 | 55.9% | 12 |
| Q2 2021 | $445.5M | 50 | 1 | 6 | 25 | 2 | 55.6% | 13 |
| Q1 2021 | $420.2M | 51 | 3 | 10 | 24 | 5 | 56.2% | 8 |
| Q4 2020 | $383.3M | 53 | 4 | 14 | 15 | 3 | 53.1% | 13 |
| Q3 2020 | $327.7M | 52 | 2 | 7 | 28 | 4 | 56.0% | 7 |
| Q2 2020 | $325.4M | 54 | 3 | 1 | 36 | 0 | 55.1% | 8 |
| Q1 2020 | $280.2M | 51 | 4 | 6 | 31 | 8 | 58.5% | 8 |
| Q4 2019 | $441.8M | 55 | 1 | 4 | 37 | 2 | 58.5% | 8 |
| Q3 2019 | $457.4M | 56 | 1 | 9 | 27 | 1 | 55.8% | 3 |
| Q2 2019 | $489.5M | 56 | 1 | 9 | 15 | 3 | 56.8% | 10 |
| Q1 2019 | $476.9M | 58 | 3 | 5 | 35 | 0 | 56.7% | 11 |
| Q4 2018 | $463.0M | 55 | 0 | 0 | 0 | 0 | 57.8% | 17 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.