# Electrum Group LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1565641. Source: https://holderbook.com/funds/1565641-electrum-group-llc/

- Reported value: $3.4B
- Positions: 10
- Weight of the ten largest: 100.0%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| SINDA LTD | [SIND](https://holderbook.com/stocks/SIND/) | $1.5B | 122,953,908 | 43.6% | 1 |
| SUNSHINE SILVER MNG & REFNG | - | $1.1B | 85,364,838 | 33.3% | 1 |
| NOVAGOLD RESOURCES INC | [NG](https://holderbook.com/stocks/NG/) | $554.6M | 92,902,813 | 16.4% | 3 |
| TRILOGY METALS INC NEW | [TMQ](https://holderbook.com/stocks/TMQ/) | $110.9M | 31,604,741 | 3.3% | 3 |
| INTERNATIONAL TOWER HILL MIN | [THM](https://holderbook.com/stocks/THM/) | $63.5M | 31,918,825 | 1.9% | 3 |
| AMPLIFY ETF TR | [SILJ](https://holderbook.com/stocks/SILJ/) | $20.2M | 777,615 | 0.6% | 3 |
| GLOBAL X FDS | [SIL](https://holderbook.com/stocks/SIL/) | $19.4M | 251,009 | 0.6% | 3 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $5.5M | 356,251 | 0.2% | 3 |
| PAN AMERN SILVER CORP | [PAAS](https://holderbook.com/stocks/PAAS/) | $4.1M | 92,130 | 0.1% | 3 |
| COEUR MNG INC | [CDE](https://holderbook.com/stocks/CDE/) | $3.3M | 200,315 | 0.1% | 3 |

## 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 | -27.8% | +14.8% | -42.6% | 100% |
| Q1 2026 | -3.2% | -4.6% | +1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.4B | 10 |
| Q1 2026 | $1.1B | 8 |
| Q4 2025 | $1.1B | 9 |