AEGIS FINANCIAL CORP — 13F Holdings & Portfolio
CIK 1140753 · latest 13F-HR filed 2026-11-12
AEGIS FINANCIAL CORP manages $559.0M in 13F-reported U.S. long-equity assets across 37 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are CVE (19.19%), EQX (7.71%), PDS (7.28%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 1 new position and exited 3; 11 existing positions rose in reported value and 17 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Loading holdings…
AUM
$559.0M
Long-equity book
Holdings
37
Distinct positions
Period
2026-09-30
Filed 2026-11-12
Q/Q Activity
+1 / −3 / ↑11 / ↓17
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26CVE19.2% · -0%EQX7.7% · 0%PDS7.3% · -0%VET6.7% · -0%PBF5.5% · -36%HOG5.1% · -15%SM4.7% · -0%RDN4.5% · -0%RYZ4.4% · -6%HNRG4.1% · -9%PK3.9% · -7%NGS3.4% · -1%ASIX2.7% · -21%EGO2.7% · -0%GAU2.5% · -49%RLJ2.3% · -44%NOA1.8% · -19%INBK1.7% · 0%BSET1.4% · -20%ASTL1.3% · 0%CLDT1.0% · -37%EFXT1.0% · -56%MOS1.0% · -70%MHK0.9% · -71%GFR0.8% · 0%VLGEA0.5% · 0%ACTG0.4% · 0%CMCL0.4% · newIAUX0.3% · 0%HNNA0.3% · +5%ASC0.3% · 0%SLV0.1% · -0%XPL0.1% · 0%GLD0.1% · 0%CEF0.1% · 0%WFG0.0% · 0%DC0.0% · 0%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
5 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 69.1%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Aug 25, 2026.
Assets Under Management
$1.78B
Discretionary
$124.8M
Employees
260
Accounts
4,218
Address
1345 AVENUE OF THE AMERICAS
27TH FLOOR
NEW YORK, NY 10105
27TH FLOOR
NEW YORK, NY 10105
Phone
(212) 813-1010
This firm reports 8 disclosure items on its registration.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| EIDE, ROBERT JAY Control | CEO, SECRETARY, CLO, DIRECTOR since Jan 1984 | Less than 5% | Individual |
| KOTT, GEORGE GREGORY Control | CHIEF OPERATING OFFICER since Aug 2009 | Less than 5% | Individual |
| AEGIS CAPITAL HOLDING CORP. | HOLDING COMPANY since May 1992 | 75% or more | Domestic Entity |
| FEINMAN, ROBERT STEVEN | CHIEF COMPLIANCE OFFICER since May 2025 | Less than 5% | Individual |
| MCKENNA, FRANCIS J | MUNICIPAL PRINCIPAL since Oct 2024 | Less than 5% | Individual |
| MILLER, JOHN STEVENSON | CO-FINOP since Jul 2022 | Less than 5% | Individual |
| POSS, THOMAS CHAMPNEY | CHIEF FINANCIAL OFFICER, CO-FINOP since Jul 2009 | Less than 5% | Individual |
| EIDE, ROBERT JAY Control Indirect owner via AEGIS CAPITAL HOLDING CORP. | SHAREHOLDER since May 1992 | 75% or more | Individual |
Ownership & leadership changes · 17 filings with changes since Jan 23, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
May 16, 2025 filing
- No longer listedMEADE, KEVIN C · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Apr 2022
- AddedFEINMAN, ROBERT STEVEN · CHIEF COMPLIANCE OFFICER · Less than 5%
Feb 27, 2025 filing
- No longer listedFITTER, MITCHELL SCOTT · MUNICIPAL PRINCIPAL · Less than 5% · listed since Apr 2023
- No longer listedNEWMAN, ERIC · CHIEF SUPERVISORY OFFICER · Less than 5% · listed since Dec 2017
- AddedMCKENNA, FRANCIS J · MUNICIPAL PRINCIPAL · Less than 5%
Feb 29, 2024 filing
- No longer listedGUGLIELMO, ANTHONY · MUNICIPAL PRINCIPAL · Less than 5% · listed since Feb 2019
- AddedFITTER, MITCHELL SCOTT · MUNICIPAL PRINCIPAL · Less than 5%
- AddedMILLER, JOHN STEVENSON · CO-FINOP · Less than 5%
- ChangedPOSS, THOMAS CHAMPNEY · title CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER, CO-FINOP
Apr 19, 2022 filing
- No longer listedTREBLE, TIMOTHY · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Oct 2019
- AddedMEADE, KEVIN C · CHIEF COMPLIANCE OFFICER · Less than 5%
Jun 8, 2021 filing
- No longer listedDOUBERLY, TERESA WATKINS · REGISTERED OPTIONS PRINCIPAL · Less than 5% · listed since Nov 2016
Apr 6, 2020 filing
- No longer listedNACCARELLI, ANTONY CARMINE · AMLCO · Less than 5% · listed since Apr 2016
Oct 2, 2019 filing
- AddedTREBLE, TIMOTHY · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedNACCARELLI, ANTONY CARMINE · title AMLCO / CHIEF COMPLIANCE OFFICER (INTERIM) → AMLCO
Aug 5, 2019 filing
- No longer listedHENTSCHEL, DAVID STANLEY · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Oct 2016
- ChangedNACCARELLI, ANTONY CARMINE · title AMLCO → AMLCO / CHIEF COMPLIANCE OFFICER (INTERIM)
Feb 28, 2019 filing
- No longer listedGOLDWASSER, MARK HARRY · PRESIDENT · Less than 5% · control person · listed since Aug 2017
- No longer listedHEILPERN, GERALD MARTIN · MUNICIPAL PRINCIPAL · Less than 5% · listed since May 2015
- AddedGUGLIELMO, ANTHONY · MUNICIPAL PRINCIPAL · Less than 5%
- AddedNEWMAN, ERIC · CHIEF SUPERVISORY OFFICER · Less than 5%
Aug 22, 2017 filing
- AddedDOUBERLY, TERESA WATKINS · REGISTERED OPTIONS PRINCIPAL · Less than 5%
- AddedGOLDWASSER, MARK HARRY · PRESIDENT · Less than 5% · control person
Older changes (8 more filings)
Nov 4, 2016 filing
- No longer listedERICSON, NILS ALEXANDER · CHIEF COMPLIANCE OFFICER, AMLCCO, ROP · Less than 5% · listed since Sep 2015
- AddedHENTSCHEL, DAVID STANLEY · CHIEF COMPLIANCE OFFICER · Less than 5%
- AddedNACCARELLI, ANTONY CARMINE · AMLCO · Less than 5%
Oct 19, 2015 filing
- No longer listedTERRACCIANO, EUGENE WILLIAM · SENIOR VP, CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jun 2015
- AddedERICSON, NILS ALEXANDER · CHIEF COMPLIANCE OFFICER, AMLCCO, ROP · Less than 5%
Jul 23, 2015 filing
- No longer listedMONACO, ANTHONY MICHAEL SR · CHIEF COMPLIANCE OFFICER / MUNICIPAL PRINCIPAL / REGISTERED OPTIONS PRINCIPAL · Less than 5% · control person · listed since Oct 2014
- AddedHEILPERN, GERALD MARTIN · MUNICIPAL PRINCIPAL · Less than 5%
- Listed againTERRACCIANO, EUGENE WILLIAM · SENIOR VP, CHIEF COMPLIANCE OFFICER · Less than 5%
Jan 29, 2015 filing
- No longer listedMCKENNA, KEVIN CHARLES · MUNICIPAL PRINCIPAL · Less than 5% · listed since Feb 2013
- No longer listedTERRACCIANO, EUGENE WILLIAM · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2014
- AddedMONACO, ANTHONY MICHAEL SR · CHIEF COMPLIANCE OFFICER / MUNICIPAL PRINCIPAL / REGISTERED OPTIONS PRINCIPAL · Less than 5% · control person
Oct 10, 2014 filing
- AddedTERRACCIANO, EUGENE WILLIAM · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedMCKENNA, KEVIN CHARLES · title CHIEF COMPLIANCE OFFICER / MUNICIPAL PRINCIPAL → MUNICIPAL PRINCIPAL; no longer a control person
Oct 8, 2014 filing
- No longer listedGUIDETTI, SAMUEL ANTHONY III · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2013
- ChangedMCKENNA, KEVIN CHARLES · title MUNICIPAL PRINCIPAL → CHIEF COMPLIANCE OFFICER / MUNICIPAL PRINCIPAL; now a control person
Dec 16, 2013 filing
- No longer listedSMULEVITZ, CHARLES DAVID · ROSFP · Less than 5% · control person · listed since Jun 2009
- AddedGUIDETTI, SAMUEL ANTHONY III · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedMCKENNA, KEVIN CHARLES · title CHIEF COMPLIANCE OFFICER → MUNICIPAL PRINCIPAL; no longer a control person
Jan 23, 2012 filing (earliest on record)
- ListedAEGIS CAPITAL HOLDING CORP. · HOLDING COMPANY · 75% or more
- ListedEIDE, ROBERT JAY · CEO, SECRETARY, CLO, DIRECTOR · Less than 5% · control person
- ListedEIDE, ROBERT JAY · SHAREHOLDER · 75% or more · indirect via AEGIS CAPITAL HOLDING CORP. · control person
- ListedKOTT, GEORGE GREGORY · CHIEF OPERATING OFFICER · Less than 5% · control person
- ListedMCKENNA, KEVIN CHARLES · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedPOSS, THOMAS CHAMPNEY · CHIEF FINANCIAL OFFICER · Less than 5%
- ListedSMULEVITZ, CHARLES DAVID · ROSFP · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- CENOVUS ENERGY INC$21.6M +25.3%
- VERMILION ENERGY INC$6.7M +21.9%
- SM ENERGY COMPANY$6.0M +29.4%
- EQUINOX GOLD CORP$5.4M +14.2%
- ELDORADO GOLD CORP NEW$2.8M +23.5%
Top Trims
- MOSAIC CO-$12.6M -69.9%
- MOHAWK INDS INC-$12.5M -70.2%
- GALIANO GOLD INC-$12.2M -46.4%
- RLJ LODGING TR-$11.6M -47.8%
- ADVANSIX INC-$8.8M -36.5%
Exited Positions
- TIDEWATER INC NEW$18.4M
- WESTWOOD HLDGS GROUP INC$1.9M
- MERCER INTL INC$203.9K
AEGIS FINANCIAL CORP Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | CENOVUS ENERGY INC | CVE | 15135U109 | $107.3M | 19.19% | 3,451,596 | SH |
| 2 | EQUINOX GOLD CORP | EQX | 29446Y502 | $43.1M | 7.71% | 3,870,237 | SH |
| 3 | PRECISION DRILLING CORP | PDS | 74022D407 | $40.7M | 7.28% | 503,989 | SH |
| 4 | VERMILION ENERGY INC | VET | 923725105 | $37.2M | 6.65% | 3,260,167 | SH |
| 5 | PBF ENERGY INC | PBF | 69318G106 | $30.5M | 5.46% | 396,468 | SH |
| 6 | HARLEY DAVIDSON INC | HOG | 412822108 | $28.6M | 5.11% | 1,169,000 | SH |
| 7 | SM ENERGY COMPANY | SM | 78454L100 | $26.3M | 4.70% | 778,639 | SH |
| 8 | RADIAN GROUP INC | RDN | 750236101 | $25.0M | 4.48% | 817,360 | SH |
| 9 | RYERSON HLDG CORP | RYZ | 783754104 | $24.9M | 4.45% | 1,055,082 | SH |
| 10 | HALLADOR ENERGY COMPANY | HNRG | 40609P105 | $22.9M | 4.09% | 1,648,000 | SH |
| 11 | PARK HOTELS & RESORTS INC | PK | 700517105 | $22.0M | 3.93% | 1,425,283 | SH |
| 12 | NATURAL GAS SVCS GROUP INC | NGS | 63886Q109 | $18.8M | 3.37% | 581,404 | SH |
| 13 | ADVANSIX INC | ASIX | 00773T101 | $15.3M | 2.73% | 959,533 | SH |
| 14 | ELDORADO GOLD CORP NEW | EGO | 284902509 | $14.9M | 2.67% | 385,973 | SH |
| 15 | GALIANO GOLD INC | GAU | 36352H100 | $14.2M | 2.53% | 7,225,969 | SH |
| 16 | RLJ LODGING TR | RLJ | 74965L101 | $12.7M | 2.27% | 1,146,909 | SH |
| 17 | NORTH AMERN CONSTR GROUP LTD | NOA | 656811106 | $10.1M | 1.81% | 838,043 | SH |
| 18 | FIRST INTERNET BANCORP | INBK | 320557101 | $9.3M | 1.67% | 354,261 | SH |
| 19 | BASSETT FURNITURE INDS INC | BSET | 070203104 | $7.7M | 1.39% | 443,240 | SH |
| 20 | ALGOMA STL GROUP INC | ASTL | 015658107 | $7.4M | 1.33% | 1,786,122 | SH |
| 21 | CHATHAM LODGING TR | CLDT | 16208T102 | $5.7M | 1.03% | 428,530 | SH |
| 22 | ENERFLEX LTD | EFXT | 29269R105 | $5.5M | 0.99% | 242,392 | SH |
| 23 | MOSAIC CO | MOS | 61945C103 | $5.4M | 0.97% | 251,485 | SH |
| 24 | MOHAWK INDS INC | MHK | 608190104 | $5.3M | 0.95% | 42,427 | SH |
| 25 | GREENFIRE RES LTD NEW | GFR | 39525U107 | $4.4M | 0.79% | 777,716 | SH |
| 26 | VILLAGE SUPER MKT INC | VLGEA | 927107409 | $2.5M | 0.45% | 55,733 | SH |
| 27 | ACACIA RESH CORP | ACTG | 003881307 | $2.1M | 0.38% | 491,086 | SH |
| 28 | CALEDONIA MNG CORP | CMCL | G1757E113 | $2.0M | 0.36% | 85,747 | SH |
| 29 | I-80 GOLD CORP | IAUX | 44955L106 | $1.9M | 0.33% | 1,126,349 | SH |
| 30 | HENNESSY ADVISORS INC | HNNA | 425885100 | $1.8M | 0.32% | 178,935 | SH |
| 31 | ARDMORE SHIPPING CORP | ASC | Y0207T100 | $1.7M | 0.30% | 89,612 | SH |
| 32 | ISHARES SILVER TR | SLV | 46428Q109 | $479.4K | 0.09% | 8,795 | SH |
| 33 | SOLITARIO RESOURCES CORP | XPL | 8342EP107 | $364.3K | 0.07% | 632,458 | SH |
| 34 | SPDR GOLD TR | GLD | 78463V107 | $315.3K | 0.06% | 828 | SH |
| 35 | SPROTT ASSET MANAGEMENT LP | CEF | 85208R101 | $310.5K | 0.06% | 7,474 | SH |
| 36 | WEST FRASER TIMBER CO LTD | WFG | 952845105 | $218.4K | 0.04% | 3,142 | SH |
| 37 | DAKOTA GOLD CORP | DC | 46655E100 | $182.7K | 0.03% | 30,000 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-12 | $559.0M | 37 | 0001104659-26-125711 |
| 2026-06-30 | 2026-08-12 | $633.2M | 39 | 0001104659-26-094352 |
| 2026-03-31 | 2026-05-13 | $580.5M | 37 | 0001104659-26-060221 |
| 2025-12-31 | 2026-02-12 | $419.3M | 33 | 0001104659-26-013708 |
| 2025-09-30 | 2025-11-12 | $261.3M | 26 | 0001104659-25-109773 |
Filer Information
Address
6862 ELM STREETSUITE 830
MC LEAN, VA 22101-3897
Phone
(703) 528-7788
Filing Manager
AEGIS FINANCIAL CORP
MC LEAN, VA
Signatory
Justin Harrison
Chief Operating Officer