FOUNDATION RESOURCE MANAGEMENT INC — 13F Holdings & Portfolio
CIK 1179232 · latest 13F-HR filed 2026-04-21
FOUNDATION RESOURCE MANAGEMENT INC manages $888.5M in 13F-reported U.S. long-equity assets across 55 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are XOM (8.06%), NEM (6.10%), CVX (5.49%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 3 new positions, exited 0, added to 34, and trimmed 7.
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.
$888.5M
Long-equity book
55
Distinct positions
2026-03-31
Filed 2026-04-21
+3 / −0 / ↑34 / ↓7
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- EXXON MOBIL$20.7M +40.8%
- CHEVRON$13.2M +37.2%
- HP INC$12.9M +154.7%
- CONOCOPHILLIPS$11.2M +41.8%
- DIAGEO PLC NEW$8.8M +95.8%
Top Trims
- BARRICK GOLD CORP-$10.2M -39.3%
- DOLLAR GENERAL CORP-$4.2M -11.0%
- NEWMONT GOLDCORP-$2.9M -5.1%
- NOVO-NORDISK ADR-$2.2M -25.5%
- GRAFTECH INTERNATIONAL LTD-$1.1M -59.3%
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 | EXXON MOBIL | XOM | 30231G102 | $71.6M | 8.06% | 421,849 | SH |
| 2 | NEWMONT GOLDCORP | NEM | 651639106 | $54.2M | 6.10% | 500,734 | SH |
| 3 | CHEVRON | CVX | 166764100 | $48.8M | 5.49% | 235,897 | SH |
| 4 | TECK RESOURCES LTD CL B | TECK | 878742204 | $47.3M | 5.32% | 913,219 | SH |
| 5 | BERKSHIRE HATHAWAY CL B | BRK.B | 084670702 | $46.5M | 5.23% | 96,981 | SH |
| 6 | CONOCOPHILLIPS | COP | 20825C104 | $37.9M | 4.27% | 287,236 | SH |
| 7 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $35.8M | 4.03% | 176,295 | SH |
| 8 | DOLLAR GENERAL CORP | DG | 256677105 | $33.7M | 3.79% | 283,418 | SH |
| 9 | VERIZON COMMUNICATIONS INC COM | VZ | 92343V104 | $32.2M | 3.63% | 642,070 | SH |
| 10 | PFIZER INC COM | PFE | 717081103 | $26.2M | 2.95% | 932,485 | SH |
| 11 | MERCK AND CO. INC. | MRK | 58933Y105 | $24.3M | 2.74% | 202,209 | SH |
| 12 | FEDERATED HERMES, INC | FHI | 314211103 | $21.9M | 2.47% | 386,986 | SH |
| 13 | HP INC | HPQ | 40434L105 | $21.3M | 2.39% | 1,107,004 | SH |
| 14 | AMBEV SA SPON ADR | ABEV | 02319V103 | $20.8M | 2.34% | 7,106,351 | SH |
| 15 | INTEL CORP. | INTC | 458140100 | $20.2M | 2.28% | 458,581 | SH |
| 16 | COMCAST | CMCSA | 20030N101 | $19.3M | 2.17% | 671,474 | SH |
| 17 | ADOBE SYS DEL PV$ 0.001 | ADBE | 00724F101 | $19.1M | 2.15% | 78,445 | SH |
| 18 | DIAGEO PLC NEW | DEO | 25243Q205 | $17.9M | 2.01% | 240,164 | SH |
| 19 | LKQ CORP | LKQ | 501889208 | $17.6M | 1.98% | 597,567 | SH |
| 20 | MOSAIC | MOS | 61945C103 | $17.4M | 1.96% | 683,731 | SH |
| 21 | BARRICK GOLD CORP | B | 06849F108 | $15.8M | 1.78% | 386,883 | SH |
| 22 | GILEAD SCIENCES INC | GILD | 375558103 | $14.4M | 1.62% | 102,997 | SH |
| 23 | NUTRIEN LTD | NTR | 67077M108 | $14.1M | 1.58% | 186,276 | SH |
| 24 | PARK AEROSPACE CORP | PKE | 70014A104 | $13.9M | 1.56% | 506,077 | SH |
| 25 | FRANKLIN RESOURCES INC COM | BEN | 354613101 | $13.8M | 1.56% | 585,415 | SH |
| 26 | LOEWS | L | 540424108 | $13.6M | 1.53% | 127,658 | SH |
| 27 | PERMIAN BASIN ROYALTY TRUST | PBT | 714236106 | $13.6M | 1.53% | 630,207 | SH |
| 28 | TSAKOS ENERGY NAVIGATION LTD | TEN | G9108L173 | $13.5M | 1.52% | 342,773 | SH |
| 29 | CENOVUS ENERGY, INC. | CVE | 15135U109 | $13.4M | 1.51% | 505,637 | SH |
| 30 | SANOFI | SNY | 80105N105 | $13.2M | 1.48% | 273,137 | SH |
| 31 | FREEPORT-MCMORAN INC. | FCX | 35671D857 | $12.3M | 1.39% | 209,763 | SH |
| 32 | PHILLIPS 66 | PSX | 718546104 | $11.3M | 1.27% | 61,813 | SH |
| 33 | APACHE CORP | APA | 03743Q108 | $11.1M | 1.24% | 260,559 | SH |
| 34 | BRISTOL MYERS SQUIBB | BMY | 110122108 | $10.1M | 1.13% | 165,854 | SH |
| 35 | TEJON RANCH CO | TRC | 879080109 | $9.7M | 1.09% | 512,314 | SH |
| 36 | CAMPBELL SOUP CO | CPB | 134429109 | $7.9M | 0.89% | 356,600 | SH |
| 37 | CNH INDUSTRIAL NV | CNH | N20944109 | $7.5M | 0.85% | 684,337 | SH |
| 38 | DEVON ENERGY | DVN | 25179M103 | $7.4M | 0.84% | 147,762 | SH |
| 39 | KRAFT HEINZ COMPANY | KHC | 500754106 | $7.3M | 0.82% | 324,024 | SH |
| 40 | NOVO-NORDISK ADR | NVO | 670100205 | $6.4M | 0.72% | 174,126 | SH |
| 41 | OVINTIV INC | OVV | 69047Q102 | $6.1M | 0.69% | 103,490 | SH |
| 42 | CAMECO CORP | CCJ | 13321L108 | $6.1M | 0.68% | 56,025 | SH |
| 43 | BERKSHIRE HATHAWAY HLD A | BRK.A | 084670108 | $3.6M | 0.40% | 5 | SH |
| 44 | WAL-MART STORES | WMT | 931142103 | $2.2M | 0.24% | 17,502 | SH |
| 45 | MARATHON PETROLEUM CORP | MPC | 56585A102 | $1.2M | 0.14% | 4,929 | SH |
| 46 | TRANSOCEAN, LTD | RIG | H8817H100 | $1.1M | 0.13% | 169,298 | SH |
| 47 | IMPERIAL OIL LTD | IMO | 453038408 | $908.5K | 0.10% | 6,945 | SH |
| 48 | GRAFTECH INTERNATIONAL LTD | EAF | 384313607 | $726.4K | 0.08% | 107,137 | SH |
| 49 | CHUBB LTD INC | CB | H1467J104 | $693.9K | 0.08% | 2,129 | SH |
| 50 | THE TRAVELERS COS., INC. | TRV | 89417E109 | $675.2K | 0.08% | 2,315 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-04-21 | $888.5M | 55 | 0001179232-26-000004 |
| 2025-12-31 | 2026-01-22 | $747.5M | 52 | 0001179232-26-000002 |