TSP Capital Management Group, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ADEIA INC | ADEA | $29.2M | 885,551 | +1.04pp | 15q | -12.5%-$4.2M | |
| COEUR MNG INC | CDE | $28.3M | 1,736,886 | -1.19pp | 26q | HELD | |
| NOKIA CORP | NOK | $27.3M | 2,056,442 | +1.64pp | 30q | -17.6%-$5.8M | |
| TRILOGY METALS INC NEW | TMQ | $23.8M | 6,777,100 | -0.23pp | 25q | HELD | |
| COMPANIA DE MINAS BUENAVENTU | BVN | $20.3M | 692,369 | -1.24pp | 31q | HELD | |
| MAUI LD & PINEAPPLE INC | MLP | $19.5M | 1,098,901 | +0.54pp | 31q | HELD | |
| CIA ENERGETICA DE MINAS GERA | CIG | $19.2M | 9,123,551 | -0.74pp | 31q | HELD | |
| CORTEVA INC | CTVA | $17.9M | 211,579 | -0.04pp | 29q | HELD | |
| MANNKIND CORP | MNKD | $16.9M | 3,972,675 | +2.05pp | 10q | +18.8%+$2.7M | |
| ISHARES SILVER TR | SLV | $14.2M | 264,925 | -1.02pp | 31q | HELD | |
| CONSOLIDATED WATER CO INC | CWCO | $14.1M | 479,200 | -0.49pp | 23q | HELD | |
| CELLDEX THERAPEUTICS INC NEW | CLDX | $13.8M | 371,127 | +0.40pp | 30q | -1.1%-$148.8K | |
| FREEPORT-MCMORAN INC | FCX | $13.4M | 213,575 | +0.15pp | 31q | HELD | |
| NOVAVAX INC | NVAX | $13.4M | 1,419,365 | +0.44pp | 27q | +2.1%+$271.3K | |
| MIDDLESEX WTR CO | MSEX | $11.9M | 211,037 | +0.16pp | 31q | HELD | |
| XYLEM INC | XYL | $10.4M | 88,018 | -0.08pp | 31q | HELD | |
| NEWMONT CORP | NEM | $9.7M | 103,966 | -0.42pp | 29q | HELD | |
| GLOBAL WTR RES INC | GWRS | $9.7M | 1,340,305 | +0.13pp | 4q | +13.4%+$1.1M | |
| STRATASYS LTD | SSYS | $9.5M | 1,111,050 | +0.16pp | 15q | HELD | |
| SIBANYE STILLWATER LTD | SBSW | $9.3M | 1,097,375 | -0.69pp | 26q | +12.9%+$1.1M | |
| WASTE MGMT INC DEL | WM | $9.2M | 41,465 | -0.11pp | 31q | HELD | |
| WESTERN UN CO | WU | $8.7M | 1,125,159 | -0.25pp | 31q | +3.0%+$256.4K | |
| AMERICAN WTR WKS CO INC NEW | AWK | $8.3M | 63,410 | +0.10pp | 3q | +10.8%+$815.8K | |
| SPDR GOLD TR | GLD | $7.5M | 20,414 | -0.34pp | 31q | HELD | |
| XPERI INC | XPER | $7.2M | 879,076 | +0.61pp | 15q | +7.0%+$475.5K | |
| WARNER BROS DISCOVERY INC | WBD | $5.7M | 213,942 | -0.07pp | 17q | HELD | |
| BARINGS GLOBAL SHORT DURATIO | BGH | $5.7M | 402,228 | -0.01pp | 31q | -1.7%-$95.9K | |
| AMERICA MOVIL SAB DE CV | AMX | $4.9M | 189,121 | flat | 14q | HELD | |
| MERCK & CO INC | MRK | $4.8M | 37,594 | +0.05pp | 31q | HELD | |
| BARINGS PARTN INVS | MPV | $4.7M | 276,671 | -0.04pp | 31q | HELD | |
| KAYNE ANDERSON ENERGY INFRST | KYN | $3.7M | 270,525 | -0.05pp | 31q | HELD | |
| HANCOCK JOHN PFD INCOME FD | HPI | $3.3M | 202,635 | +0.01pp | 31q | HELD | |
| ENBRIDGE INC | ENB | $2.4M | 44,251 | -0.01pp | 31q | HELD | |
| DUKE ENERGY CORP NEW | DUK | $2.2M | 17,627 | -0.03pp | 31q | HELD | |
| BARINGS CORPORATE INVS | MCI | $1.5M | 86,732 | +0.02pp | 31q | +5.4%+$78.1K | |
| CISCO SYS INC | CSCO | $1.3M | 11,100 | +0.10pp | 31q | -1.8%-$23.5K | |
| PITNEY BOWES INC | PBI | $1.1M | 61,300 | +0.09pp | 31q | -2.4%-$26.3K | |
| KIMBELL RTY PARTNERS LP | KRP | $985.9K | 67,850 | flat | 29q | HELD | |
| MEDTRONIC PLC | MDT | $797.9K | 10,200 | -0.04pp | 2q | -4.7%-$39.1K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $701.5K | 12,175 | -0.01pp | 31q | HELD | |
| PFIZER INC | PFE | $662.2K | 27,500 | -0.04pp | 31q | -3.5%-$24.1K | |
| WEYERHAEUSER CO | WY | $498.2K | 20,811 | flat | 31q | HELD | |
| CONAGRA BRANDS INC | CAG | $183.7K | 13,650 | -0.01pp | 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 |
|---|---|---|
| Mining & Metals | $104.9M | 25.1% |
| Utilities | $74.7M | 17.9% |
| Biotech & Pharma | $50.3M | 12.0% |
| Telecom & Media | $39.8M | 9.5% |
| Semiconductors & Electronics | $27.3M | 6.5% |
| Capital Markets | $21.7M | 5.2% |
| Real Estate | $20.0M | 4.8% |
| Funds & ETFs | $18.9M | 4.5% |
| Agriculture | $17.9M | 4.3% |
| Computer Hardware | $11.9M | 2.8% |
| Industrials | $10.4M | 2.5% |
| Business Services | $8.7M | 2.1% |
| Other sectors | $11.6M | 2.8% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $418.0M | 43 | 0 | 8 | 8 | 2 | 51.8% | 31 |
| Q1 2026 | $409.8M | 45 | 1 | 14 | 10 | 1 | 52.9% | 24 |
| Q4 2025 | $409.3M | 45 | 2 | 5 | 25 | 1 | 53.5% | 21 |
| Q3 2025 | $373.7M | 44 | 1 | 8 | 14 | 1 | 52.2% | 22 |
| Q2 2025 | $318.6M | 44 | 0 | 11 | 12 | 2 | 51.2% | 42 |
| Q1 2025 | $303.9M | 46 | 0 | 9 | 15 | 1 | 50.1% | 45 |
| Q4 2024 | $294.4M | 47 | 0 | 7 | 17 | 0 | 50.3% | 30 |
| Q3 2024 | $323.3M | 47 | 0 | 7 | 22 | 1 | 51.7% | 15 |
| Q2 2024 | $319.0M | 48 | 1 | 8 | 25 | 1 | 51.4% | 23 |
| Q1 2024 | $310.7M | 48 | 1 | 12 | 14 | 0 | 52.3% | 30 |
| Q4 2023 | $288.6M | 47 | 0 | 10 | 15 | 0 | 53.0% | 16 |
| Q3 2023 | $259.3M | 47 | 0 | 12 | 15 | 0 | 49.3% | 38 |
| Q2 2023 | $277.1M | 47 | 1 | 10 | 15 | 5 | 50.7% | 19 |
| Q1 2023 | $276.9M | 51 | 1 | 10 | 17 | 3 | 48.3% | 13 |
| Q4 2022 | $267.2M | 53 | 3 | 8 | 16 | 1 | 45.8% | 17 |
| Q3 2022 | $237.0M | 51 | 0 | 9 | 25 | 1 | 46.9% | 20 |
| Q2 2022 | $253.9M | 52 | 3 | 9 | 19 | 4 | 46.2% | 21 |
| Q1 2022 | $296.1M | 53 | 2 | 7 | 18 | 1 | 49.0% | 42 |
| Q4 2021 | $299.4M | 52 | 0 | 6 | 19 | 1 | 47.0% | 26 |
| Q3 2021 | $292.9M | 53 | 0 | 17 | 10 | 1 | 45.3% | 34 |
| Q2 2021 | $304.1M | 54 | 1 | 11 | 24 | 1 | 47.1% | 44 |
| Q1 2021 | $283.6M | 54 | 1 | 12 | 21 | 1 | 48.9% | 16 |
| Q4 2020 | $281.4M | 54 | 2 | 6 | 34 | 2 | 51.8% | 34 |
| Q3 2020 | $244.5M | 54 | 1 | 13 | 28 | 4 | 48.5% | 14 |
| Q2 2020 | $234.1M | 57 | 8 | 14 | 20 | 4 | 46.1% | 22 |
| Q1 2020 | $176.8M | 53 | 2 | 18 | 17 | 3 | 48.3% | 23 |
| Q4 2019 | $234.7M | 54 | 2 | 13 | 12 | 1 | 49.4% | 17 |
| Q3 2019 | $200.4M | 53 | 0 | 14 | 13 | 3 | 51.4% | 45 |
| Q2 2019 | $215.1M | 56 | 5 | 7 | 22 | 2 | 51.2% | 40 |
| Q1 2019 | $200.8M | 53 | 2 | 13 | 25 | 4 | 49.1% | 44 |
| Q4 2018 | $178.2M | 55 | 0 | 0 | 0 | 0 | 48.3% | 37 |
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.