FOUNDATION RESOURCE MANAGEMENT INC
•CIK: 1179232•Filing: Q4 2025
**FOUNDATION RESOURCE MANAGEMENT INC** manages $747M across a portfolio of 52 positions, exhibiting a clear focus on cyclical and energy-adjacent value plays. The fund's top concentration highlights significant exposure to commodities and energy majors, notably NEM ($57.1M) and XOM ($50.8M). Further allocations include substantial stakes in industrials and financial sectors, with BRK/B ($48.5M) and TECK/B ($44.1M) anchoring the core holdings. This structure suggests a tactical, resource-weighted mandate designed to capitalize on commodity price cycles and industrial recovery.
Total AUM
$747.5M
QoQ Performance
+7.4%
Positions
52
Top 10 Concentration
51.9%
Latest Filing
Q4 2025
Top Holdings Allocation
NEM
XOM
BRK/B
TECK/B
DG
NEM7.6%
XOM6.8%
BRK/B6.5%
TECK/B5.9%
DG5.1%
AEM4.8%
CHV4.8%
CONOCOPHILLIPS3.6%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other67.7%
Financial10.5%
Healthcare8.7%
Energy6.8%
Technology2.5%
Communication2.5%
Consumer Staples1.0%
Consumer0.3%
Changes from Q3 2025
NEW1 new position
↑23 increased
↓17 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023