FOUNDATION RESOURCE MANAGEMENT INC — 13F Holdings & Portfolio

CIK 1179232 · latest 13F-HR filed 2026-07-21

FOUNDATION RESOURCE MANAGEMENT INC manages $859.7M in 13F-reported U.S. long-equity assets across 56 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are XOM (6.69%), TECK (6.15%), BRK.B (5.55%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 2; 16 existing positions rose in reported value and 26 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.

AUM

$859.7M

Long-equity book

Holdings

Distinct positions

Period

2026-06-30

Filed 2026-07-21

Q/Q Activity

+3 / −2 / ↑16 / ↓26

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 45.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Assets Under Management

$1.14B

Discretionary

$1.14B

Employees

Accounts

597

Address

401 W. CAPITOL, SUITE 503
LITTLE ROCK, AR 72201

Phone

(501) 534-2675

Website

www.linkedin.com/company/foundation-resource-management/about
WWW.FRMLR.COM

Name	Title / Status	Ownership	Type
MCKELVY, ABBY, YOUNG Control	CHIEF COMPLIANCE OFFICER	Less than 5%	Individual
MOLL, MEREDITH, HUMPHREY Control	PRESIDENT	50–75%	Individual
Riley, Zachary, Davis Control	SECRETARY	25–50%	Individual

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)

ADOBE SYS$8.4M +44.0%
TECK RESOURCES LTD CL B$5.7M +12.0%
FRANKLIN RESOURCES INC COM$5.6M +40.3%
PARK AEROSPACE CORP$5.3M +38.4%
HP INC$3.1M +14.4%

Show all 16 →

Top Trims

CHEVRON-$9.6M -19.7%
AGNICO EAGLE MINES LTD-$8.5M -23.7%
CONOCOPHILLIPS-$8.1M -21.4%
NEWMONT GOLDCORP-$7.5M -13.9%
VERIZON COMMUNICATIONS INC COM-$5.0M -15.4%

Show all 26 →

New Positions

Exited Positions

EXXON MOBIL$71.6M
MURPHY OIL CORP$249.6K

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#	Issuer	Symbol	CUSIP	Value	Δ

FOUNDATION RESOURCE MANAGEMENT INC Holdings (2026-06-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	EXXON MOBIL	XOM	30233Q108	$57.5M	6.69%	420,834	SH
2	TECK RESOURCES LTD CL B	TECK	878742204	$52.9M	6.15%	889,933	SH
3	BERKSHIRE HATHAWAY CL B	BRK.B	084670702	$47.7M	5.55%	95,399	SH
4	NEWMONT GOLDCORP	NEM	651639106	$46.7M	5.43%	499,595	SH
5	CHEVRON	CVX	166764100	$39.2M	4.56%	236,345	SH
6	DOLLAR GENERAL CORP	DG	256677105	$33.0M	3.83%	286,343	SH
7	CONOCOPHILLIPS	COP	20825C104	$29.8M	3.47%	286,730	SH
8	ADOBE SYS	ADBE	00724F101	$27.5M	3.19%	133,964	SH
9	AGNICO EAGLE MINES LTD	AEM	008474108	$27.3M	3.17%	175,951	SH
10	VERIZON COMMUNICATIONS INC COM	VZ	92343V104	$27.3M	3.17%	644,119	SH
11	MERCK AND CO. INC.	MRK	58933Y105	$26.0M	3.03%	202,690	SH
12	HP INC	HPQ	40434L105	$24.3M	2.83%	1,108,598	SH
13	PFIZER INC COM	PFE	717081103	$22.5M	2.62%	936,078	SH
14	AMBEV SA SPON ADR	ABEV	02319V103	$22.2M	2.59%	7,085,184	SH
15	FEDERATED HERMES, INC	FHI	314211103	$21.0M	2.44%	380,117	SH
16	DIAGEO PLC NEW	DEO	25243Q205	$19.4M	2.26%	241,589	SH
17	FRANKLIN RESOURCES INC COM	BEN	354613101	$19.4M	2.26%	583,131	SH
18	PARK AEROSPACE CORP	PKE	70014A104	$19.2M	2.23%	502,684	SH
19	INTEL CORP.	INTC	458140100	$18.7M	2.17%	133,779	SH
20	COMCAST	CMCSA	20030N101	$16.8M	1.95%	682,420	SH
21	LKQ CORP	LKQ	501889208	$15.9M	1.85%	603,424	SH
22	PERMIAN BASIN ROYALTY TRUST	PBT	714236106	$15.7M	1.82%	626,331	SH
23	MOSAIC	MOS	61945C103	$14.7M	1.71%	694,864	SH
24	BARRICK GOLD CORP	B	06849F108	$14.2M	1.65%	386,565	SH
25	LOEWS	L	540424108	$14.2M	1.65%	125,360	SH
26	FREEPORT-MCMORAN INC.	FCX	35671D857	$13.0M	1.51%	206,120	SH
27	GILEAD SCIENCES INC	GILD	375558103	$12.9M	1.50%	102,147	SH
28	BUILDERS FIRSTSOURCE INC	BLDR	12008R107	$12.7M	1.48%	142,094	SH
29	CENOVUS ENERGY, INC.	CVE	15135U109	$12.6M	1.46%	507,297	SH
30	TSAKOS ENERGY NAVIGATION LTD	TEN	G9108L173	$11.9M	1.38%	336,441	SH
31	NUTRIEN LTD	NTR	67077M108	$11.8M	1.37%	187,442	SH
32	SANOFI	SNY	80105N105	$11.7M	1.36%	274,452	SH
33	PHILLIPS 66	PSX	718546104	$10.4M	1.21%	61,342	SH
34	BRISTOL MYERS SQUIBB	BMY	110122108	$9.9M	1.15%	171,716	SH
35	TEJON RANCH CO	TRC	879080109	$9.6M	1.12%	514,024	SH
36	APACHE CORP	APA	03743Q108	$8.6M	1.00%	262,921	SH
37	NOVO-NORDISK ADR	NVO	670100205	$8.5M	0.99%	177,838	SH
38	CAMPBELL SOUP CO	CPB	134429109	$8.1M	0.94%	363,960	SH
39	KRAFT HEINZ COMPANY	KHC	500754106	$7.7M	0.90%	326,800	SH
40	CNH INDUSTRIAL NV	CNH	N20944109	$7.7M	0.89%	684,335	SH
41	DEVON ENERGY	DVN	25179M103	$6.3M	0.73%	152,079	SH
42	CAMECO CORP	CCJ	13321L108	$5.7M	0.66%	55,568	SH
43	OVINTIV INC	OVV	69047Q102	$5.5M	0.64%	104,143	SH
44	BERKSHIRE HATHAWAY HLD A	BRK.A	084670108	$3.7M	0.44%	5	SH
45	WAL-MART STORES	WMT	931142103	$2.0M	0.24%	18,055	SH
46	MARATHON PETROLEUM CORP	MPC	56585A102	$1.3M	0.15%	4,929	SH
47	TRANSOCEAN, LTD	RIG	H8817H100	$827.9K	0.10%	169,298	SH
48	IMPERIAL OIL LTD	IMO	453038408	$778.0K	0.09%	6,945	SH
49	THE TRAVELERS COS., INC.	TRV	89417E109	$764.2K	0.09%	2,315	SH
50	CHUBB LTD INC	CB	H1467J104	$725.4K	0.08%	2,129	SH