# GLOBAL STRATEGIC MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1413303. Source: https://holderbook.com/funds/1413303-global-strategic-management-inc/

- Reported value: $129.6M
- Positions: 26
- Weight of the ten largest: 83.4%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $23.3M | 6,230,593 | 18.0% | 12 |
| METALLA RTY & STREAMING LTD | [MTA](https://holderbook.com/stocks/MTA/) | $19.6M | 2,569,178 | 15.1% | 6 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $15.9M | 76,485 | 12.3% | 12 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $11.1M | 71,647 | 8.5% | 12 |
| FORTUNA MNG CORP | [FSM](https://holderbook.com/stocks/FSM/) | $8.5M | 1,000,419 | 6.5% | 3 |
| TRIPLE FLAG PRECIOUS METAL | [TFPM](https://holderbook.com/stocks/TFPM/) | $7.8M | 261,158 | 6.0% | 3 |
| OR ROYALTIES INC. | [OR](https://holderbook.com/stocks/OR/) | $6.7M | 213,026 | 5.2% | 3 |
| PAN AMERN SILVER CORP | [PAAS](https://holderbook.com/stocks/PAAS/) | $6.2M | 138,837 | 4.8% | 12 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $4.8M | 23,780 | 3.7% | 12 |
| ELEMENTAL RTY CORP | [ELE](https://holderbook.com/stocks/ELE/) | $4.3M | 244,743 | 3.3% | 3 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $4.0M | 35,579 | 3.1% | 12 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $2.9M | 35,600 | 2.2% | 1 |
| DAKOTA GOLD CORP | - | $2.1M | 498,784 | 1.6% | 2 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $2.0M | 108,192 | 1.6% | 12 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $1.6M | 167,363 | 1.3% | 6 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $1.4M | 75,000 | 1.1% | 11 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $1.3M | 36,275 | 1.0% | 3 |
| GLADSTONE LD CORP | [LAND](https://holderbook.com/stocks/LAND/) | $1.2M | 139,170 | 0.9% | 12 |
| ORLA MNG LTD NEW | [ORLA](https://holderbook.com/stocks/ORLA/) | $1.0M | 107,095 | 0.8% | 3 |
| WESTERN COPPER & GOLD CORP | [WRN](https://holderbook.com/stocks/WRN/) | $987.0K | 439,200 | 0.8% | 3 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $832.0K | 10,350 | 0.6% | 2 |
| DORCHESTER MINERALS LP | [DMLP](https://holderbook.com/stocks/DMLP/) | $687.0K | 27,050 | 0.5% | 1 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $489.0K | 36,500 | 0.4% | 3 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $473.0K | 36,300 | 0.4% | 12 |
| IVANHOE ELECTRIC INC | [IE](https://holderbook.com/stocks/IE/) | $341.0K | 35,438 | 0.3% | 3 |
| I-80 GOLD CORP | [IAUX](https://holderbook.com/stocks/IAUX/) | $70.0K | 49,000 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -12.4% | +14.8% | -27.3% | 98% |
| Q1 2026 | +5.2% | -4.6% | +9.9% | 97% |
| Q1 2021 | -9.5% | +6.0% | -15.5% | 97% |
| Q4 2020 | +6.0% | +11.6% | -5.7% | 100% |
| Q3 2020 | +11.7% | +8.6% | +3.1% | 100% |
| Q2 2020 | +45.8% | +19.6% | +26.2% | 99% |
| Q1 2020 | -17.5% | -19.9% | +2.4% | 100% |
| Q4 2019 | +11.1% | +8.5% | +2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $129.6M | 26 |
| Q1 2026 | $120.4M | 25 |
| Q4 2025 | $119.9M | 27 |
| Q4 2020 | $84.9M | 32 |
| Q3 2020 | $77.9M | 29 |
| Q2 2020 | $77.7M | 30 |
| Q1 2020 | $49.1M | 32 |
| Q4 2019 | $64.7M | 33 |
| Q3 2019 | $128.0M | 36 |
| Q2 2019 | $114.7M | 30 |
| Q1 2019 | $106.2M | 31 |
| Q4 2018 | $102.5M | 28 |