Electrum Group LLC — 13F Holdings & Portfolio
CIK 1565641 · latest 13F-HR filed 2026-11-10
Electrum Group LLC manages $3.79B in 13F-reported U.S. long-equity assets across 10 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SIND (44.72%), SSMR (33.15%), NG (15.91%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 0 new positions and exited 0; 8 existing positions rose in reported value and 1 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.
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AUM
$3.79B
Long-equity book
Holdings
10
Distinct positions
Period
2026-09-30
Filed 2026-11-10
Q/Q Activity
+0 / −0 / ↑8 / ↓1
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box 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
4 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 = 100%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 30, 2026.
Assets Under Management
$2.50B
Discretionary
$2.50B
Employees
14
Accounts
5
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ERFAN, ALI, REZA Control | DIRECTOR AND VICE CHAIRMAN since Feb 2018 | Less than 5% | Individual |
| KAPLAN, THOMAS, SCOTT Control | CHAIRMAN, CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER, AND DIRECTOR since Oct 2011 | Less than 5% | Individual |
| SHAPIRO, ANDREW, MARK Control | GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER since Jan 2012 | Less than 5% | Individual |
| TEG SERVICES HOLDING INC. Control | MEMBER since Jan 2013 | 75% or more | Domestic Entity |
| WILLIAMS, MICHAEL, HALBERT Control | SENIOR MANAGING DIRECTOR since Mar 2012 | Less than 5% | Individual |
| DAFNA KAPLAN 2003 EIGHT YEAR ANNUITY FAMILY TRUST Control Indirect owner via GRAT HOLDINGS LLC | MEMBER since Jan 2012 | 50–75% | Domestic Entity |
| GOVERNMENT OF ABU DHABI Control Indirect owner via MUBADALA INVESTMENT COMPANY PJSC (UAE) | SHAREHOLDER since Mar 2017 | 75% or more | Foreign Entity |
| GRAT HOLDINGS LLC Control Indirect owner via LEOPARD HOLDINGS LLC | MEMBER since Jan 2008 | 75% or more | Domestic Entity |
| LEOPARD HOLDINGS LLC Control Indirect owner via TEG SERVICES HOLDING INC. | SHAREHOLDER since Jan 2013 | 50–75% | Domestic Entity |
| MAMOURA DIVERSIFIED GLOBAL HOLDING PJSC (UAE) Control Indirect owner via MUBADALA CAPITAL LLC (UAE) | SHAREHOLDER since Jul 2019 | 75% or more | Foreign Entity |
| MDC CAPITAL LLC (UAE) Control Indirect owner via EIGHTEENTH INVESTMENT COMPANY LLC (UAE) | SHAREHOLDER since Jul 2021 | 75% or more | Foreign Entity |
| MUBADALA CAPITAL LLC (UAE) Control Indirect owner via MDC CAPITAL LLC (UAE) | SHAREHOLDER since Jun 2021 | 75% or more | Foreign Entity |
| MUBADALA INVESTMENT COMPANY PJSC (UAE) Control Indirect owner via MAMOURA DIVERSIFIED GLOBAL HOLDING PJSC (UAE) | SHAREHOLDER since Oct 2022 | 75% or more | Foreign Entity |
| SIXTY FIRST INVESTMENT COMPANY LLC (UAE) Control Indirect owner via TEG SERVICES HOLDING INC. | SHAREHOLDER since Nov 2020 | 25–50% | Foreign Entity |
| THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY FAMILY TRUST Control Indirect owner via GRAT HOLDINGS LLC | MEMBER since Apr 2014 | 50–75% | Domestic Entity |
| EIGHTEENTH INVESTMENT COMPANY LLC (UAE) Indirect owner via SIXTY FIRST INVESTMENT COMPANY LLC (UAE) | SHAREHOLDER since Sep 2021 | 75% or more | Foreign Entity |
| WILMINGTON TRUST COMPANY Indirect owner via THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY FAMILY TRUST | TRUSTEE since Apr 2017 | General partner, trustee or manager | Domestic Entity |
| WILMINGTON TRUST COMPANY Indirect owner via DAFNA KAPLAN 2003 EIGHT YEAR ANNUITY FAMILY TRUST | TRUSTEE since Apr 2017 | General partner, trustee or manager | Domestic Entity |
Ownership & leadership changes · 12 filings with changes since Nov 19, 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.
Nov 15, 2023 filing
- No longer listedFINK, JOSHUA, AARON · DIRECTOR AND CO-VICE-CHAIRMAN · Less than 5% · control person · listed since Feb 2013
- ChangedERFAN, ALI, REZA · title DIRECTOR AND CO-VICE CHAIRMAN → DIRECTOR AND VICE CHAIRMAN
Mar 17, 2023 filing
- No longer listedBUTTERFIELD TRUST (BERMUDA) LIMITED · TRUSTEE · General partner, trustee or manager · indirect via NEW GENERATIONS TRUST · control person · listed since Dec 2007
- No longer listedCGT MANAGEMENT LTD · SHAREHOLDER · 25–50% · indirect via TEG SERVICES HOLDING INC. · control person · listed since Jan 2013
- No longer listedKAPLAN, THOMAS, SCOTT · SOLE MEMBER OF ASSET COMMITTEE · General partner, trustee or manager · indirect via THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY FAMILY TRUST · control person · listed since Apr 2017
- No longer listedLEVENTAL, IGOR, NMN · PRESIDENT · Less than 5% · control person · listed since Jan 2012
- No longer listedNEW GENERATIONS TRUST · SHAREHOLDER · 75% or more · indirect via CGT MANAGEMENT LTD · control person · listed since Dec 2007
- AddedEIGHTEENTH INVESTMENT COMPANY LLC (UAE) · SHAREHOLDER · 75% or more · indirect via SIXTY FIRST INVESTMENT COMPANY LLC (UAE)
- AddedGOVERNMENT OF ABU DHABI · SHAREHOLDER · 75% or more · indirect via MUBADALA INVESTMENT COMPANY PJSC (UAE) · control person
- AddedMAMOURA DIVERSIFIED GLOBAL HOLDING PJSC (UAE) · SHAREHOLDER · 75% or more · indirect via MUBADALA CAPITAL LLC (UAE) · control person
- AddedMDC CAPITAL LLC (UAE) · SHAREHOLDER · 75% or more · indirect via EIGHTEENTH INVESTMENT COMPANY LLC (UAE) · control person
- AddedMUBADALA CAPITAL LLC (UAE) · SHAREHOLDER · 75% or more · indirect via MDC CAPITAL LLC (UAE) · control person
- AddedMUBADALA INVESTMENT COMPANY PJSC (UAE) · SHAREHOLDER · 75% or more · indirect via MAMOURA DIVERSIFIED GLOBAL HOLDING PJSC (UAE) · control person
- AddedSIXTY FIRST INVESTMENT COMPANY LLC (UAE) · SHAREHOLDER · 25–50% · indirect via TEG SERVICES HOLDING INC. · control person
- AddedWILMINGTON TRUST COMPANY · TRUSTEE · General partner, trustee or manager · indirect via THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY FAMILY TRUST
- AddedWILMINGTON TRUST COMPANY · TRUSTEE · General partner, trustee or manager · indirect via DAFNA KAPLAN 2003 EIGHT YEAR ANNUITY FAMILY TRUST
- ChangedLEOPARD HOLDINGS LLC · indirect via TEG SERVICES HOLDING INC.: ownership 25–50% → 50–75%
Mar 2, 2018 filing
- No longer listedNATBONY, WILLIAM, NMN · TRUSTEE · General partner, trustee or manager · indirect via THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY FAMILY TRUST · control person · listed since Apr 2014
- No longer listedVINCENT, ERIC, NELSON · DIRECTOR/CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since Jan 2013
- AddedERFAN, ALI, REZA · DIRECTOR AND CO-VICE CHAIRMAN · Less than 5% · control person
- AddedKAPLAN, THOMAS, SCOTT · SOLE MEMBER OF ASSET COMMITTEE · General partner, trustee or manager · indirect via THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY FAMILY TRUST · control person
- ChangedFINK, JOSHUA, AARON · title DIRECTOR AND VICE-CHAIRMAN → DIRECTOR AND CO-VICE-CHAIRMAN
- ChangedKAPLAN, THOMAS, SCOTT · title CHAIRMAN, CHAIRMAN OF THE BOARD AND DIRECTOR → CHAIRMAN, CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER, AND DIRECTOR
- ChangedWILLIAMS, MICHAEL, HALBERT · title DIRECTOR → SENIOR MANAGING DIRECTOR
Mar 1, 2016 filing
- No longer listedROWLAND, EMILY · CHIEF COMPLIANCE OFFICER AND ASSOCIATE GENERAL COUNSEL · Less than 5% · control person · listed since Feb 2013
- ChangedSHAPIRO, ANDREW, MARK · title GENERAL COUNSEL → GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER
Mar 30, 2015 filing
- No longer listedNATBONY, WILLIAM · TRUSTEE · General partner, trustee or manager · indirect via THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY TRUST · control person · listed since Apr 2004
- No longer listedNATBONY, WILLIAM · TRUSTEE · General partner, trustee or manager · indirect via DAFNA KAPLAN 2003 EIGHT YEAR ANNUITY FAMILY TRUST · control person · listed since Jan 2012
- No longer listedNATBONY, WILLIAM · MANAGER · General partner, trustee or manager · indirect via GRAT HOLDINGS LLC · control person · listed since Jul 2007
- No longer listedNATBONY, WILLIAM · MANAGER · General partner, trustee or manager · indirect via LEOPARD HOLDINGS LLC · control person · listed since Jan 2008
- No longer listedTHOMAS S. KAPLAN 2004 TEN YEAR ANNUITY TRUST · MEMBER · 50–75% · indirect via GRAT HOLDINGS LLC · control person · listed since Jul 2006
- AddedNATBONY, WILLIAM, NMN · TRUSTEE · General partner, trustee or manager · indirect via THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY FAMILY TRUST · control person
- AddedTHOMAS S. KAPLAN 2004 TEN YEAR ANNUITY FAMILY TRUST · MEMBER · 50–75% · indirect via GRAT HOLDINGS LLC · control person
- Listed againLEVENTAL, IGOR, NMN · PRESIDENT · Less than 5% · control person
- ChangedLEOPARD HOLDINGS LLC · indirect via TEG SERVICES HOLDING INC.: ownership 50–75% → 25–50%
Jan 8, 2015 filing
- No longer listedWALLACE, MARK, DAVID · DIRECTOR/CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jan 2012
- ChangedFINK, JOSHUA, AARON · title DIRECTOR → DIRECTOR AND VICE-CHAIRMAN
Aug 26, 2014 filing
- No longer listedMASTROBUONI, THOMAS, ALEXANDER · SENIOR VICE PRESIDENT FINANCE · Less than 5% · control person · listed since Apr 2013
- No longer listedNEWMAN, ROBERT, MORTON · DIRECTOR · Less than 5% · control person · listed since Oct 2011
Mar 27, 2014 filing
- AddedMASTROBUONI, THOMAS, ALEXANDER · SENIOR VICE PRESIDENT FINANCE · Less than 5% · control person
Mar 28, 2013 filing
- ChangedROWLAND, EMILY · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER AND ASSOCIATE GENERAL COUNSEL
Mar 6, 2013 filing
- No longer listedDRACHMAN, STEVEN, SLOCUM · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jan 2012
- AddedROWLAND, EMILY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Older changes (3 more filings)
Feb 21, 2013 filing
- AddedFINK, JOSHUA, AARON · DIRECTOR · Less than 5% · control person
- AddedNATBONY, WILLIAM · MANAGER · General partner, trustee or manager · indirect via GRAT HOLDINGS LLC · control person
- AddedNATBONY, WILLIAM · MANAGER · General partner, trustee or manager · indirect via LEOPARD HOLDINGS LLC · control person
- AddedVINCENT, ERIC, NELSON · DIRECTOR/CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ChangedKAPLAN, THOMAS, SCOTT · title CHAIRMAN, CHIEF EXECUTIVE OFFICER, CHAIRMAN OF THE BOARD AND DIRECTOR → CHAIRMAN, CHAIRMAN OF THE BOARD AND DIRECTOR; ownership 50–75% → Less than 5%
Jan 23, 2013 filing
- No longer listedKAPLAN FAMILY TRUST · MEMBER · 10–25% · control person · listed since Oct 2011
- No longer listedLEVENTAL, IGOR, NMN · DIRECTOR · Less than 5% · control person · listed since Oct 2011
- No longer listedNATBONY, WILLIAM · TRUSTEE · General partner, trustee or manager · indirect via KAPLAN FAMILY TRUST · control person · listed since Feb 2004
- No longer listedRECANATI KAPLAN, DAPHNE, MATILDE · MEMBER · 10–25% · control person · listed since Oct 2011
- AddedBUTTERFIELD TRUST (BERMUDA) LIMITED · TRUSTEE · General partner, trustee or manager · indirect via NEW GENERATIONS TRUST · control person
- AddedCGT MANAGEMENT LTD · SHAREHOLDER · 25–50% · indirect via TEG SERVICES HOLDING INC. · control person
- AddedDAFNA KAPLAN 2003 EIGHT YEAR ANNUITY FAMILY TRUST · MEMBER · 50–75% · indirect via GRAT HOLDINGS LLC · control person
- AddedGRAT HOLDINGS LLC · MEMBER · 75% or more · indirect via LEOPARD HOLDINGS LLC · control person
- AddedLEOPARD HOLDINGS LLC · SHAREHOLDER · 50–75% · indirect via TEG SERVICES HOLDING INC. · control person
- AddedNATBONY, WILLIAM · TRUSTEE · General partner, trustee or manager · indirect via THOMAS S. KAPLAN 2004 TEN YEAR ANNUITY TRUST · control person
- AddedNATBONY, WILLIAM · TRUSTEE · General partner, trustee or manager · indirect via DAFNA KAPLAN 2003 EIGHT YEAR ANNUITY FAMILY TRUST · control person
- AddedNEW GENERATIONS TRUST · SHAREHOLDER · 75% or more · indirect via CGT MANAGEMENT LTD · control person
- AddedTEG SERVICES HOLDING INC. · MEMBER · 75% or more · control person
- AddedTHOMAS S. KAPLAN 2004 TEN YEAR ANNUITY TRUST · MEMBER · 50–75% · indirect via GRAT HOLDINGS LLC · control person
- ChangedKAPLAN, THOMAS, SCOTT · title CHAIRMAN, CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER AND MEMBER → CHAIRMAN, CHIEF EXECUTIVE OFFICER, CHAIRMAN OF THE BOARD AND DIRECTOR
Nov 19, 2012 filing (earliest on record)
- ListedDRACHMAN, STEVEN, SLOCUM · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedKAPLAN FAMILY TRUST · MEMBER · 10–25% · control person
- ListedKAPLAN, THOMAS, SCOTT · CHAIRMAN, CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER AND MEMBER · 50–75% · control person
- ListedLEVENTAL, IGOR, NMN · DIRECTOR · Less than 5% · control person
- ListedNATBONY, WILLIAM · TRUSTEE · General partner, trustee or manager · indirect via KAPLAN FAMILY TRUST · control person
- ListedNEWMAN, ROBERT, MORTON · DIRECTOR · Less than 5% · control person
- ListedRECANATI KAPLAN, DAPHNE, MATILDE · MEMBER · 10–25% · control person
- ListedSHAPIRO, ANDREW, MARK · GENERAL COUNSEL · Less than 5% · control person
- ListedWALLACE, MARK, DAVID · DIRECTOR/CHIEF OPERATING OFFICER · Less than 5% · control person
- ListedWILLIAMS, MICHAEL, HALBERT · DIRECTOR · 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)
- SINDA LTD$221.3M +15.0%
- SUNSHINE SILVER MNG & REFNG$129.5M +11.5%
- NOVAGOLD RESOURCES INC$49.2M +8.9%
- INTERNATIONAL TOWER HILL MIN$17.9M +28.1%
- GLOBAL X FDS$2.1M +11.0%
Electrum Group LLC 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 | SINDA LTD | SIND | G81569108 | $1.70B | 44.72% | 122,953,908 | SH |
| 2 | SUNSHINE SILVER MNG & REFNG | SSMR | 867866105 | $1.26B | 33.15% | 85,461,188 | SH |
| 3 | NOVAGOLD RESOURCES INC | NG | 66987E206 | $603.9M | 15.91% | 92,902,813 | SH |
| 4 | TRILOGY METALS INC NEW | TMQ | 89621C105 | $98.0M | 2.58% | 31,604,741 | SH |
| 5 | INTERNATIONAL TOWER HILL MIN | THM | 46050R102 | $81.4M | 2.14% | 31,918,825 | SH |
| 6 | GLOBAL X FDS | SIL | 37954Y848 | $21.6M | 0.57% | 251,009 | SH |
| 7 | AMPLIFY ETF TR | SILJ | 032108649 | $21.2M | 0.56% | 777,615 | SH |
| 8 | HECLA MINING COMPANY | HL | 422704106 | $6.1M | 0.16% | 356,251 | SH |
| 9 | PAN AMERN SILVER CORP | PAAS | 697900108 | $4.2M | 0.11% | 92,130 | SH |
| 10 | COEUR MNG INC | CDE | 192108504 | $3.5M | 0.09% | 200,315 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-10 | $3.79B | 10 | 0001565641-26-000011 |
| 2026-06-30 | 2026-08-10 | $3.39B | 10 | 0001565641-26-000009 |
| 2026-03-31 | 2026-05-12 | $1.08B | 8 | 0001565641-26-000007 |
| 2025-12-31 | 2026-02-11 | $1.15B | 9 | 0001565641-26-000004 |
Filer Information
Address
600 FIFTH AVENUE, 24TH FLOORNEW YORK, NY 10020
Phone
(646) 365-1600
Filing Manager
Electrum Group LLC
NEW YORK, NY
Signatory
Andrew Shapiro
Chief Compliance Officer