FOUNDATION RESOURCE MANAGEMENT INC
CIK 1179232 · View on SEC EDGAR ↗
- Portfolio value
- $859.7M
- Positions
- 56
- As of
- June 30, 2026
#2,708 of 9,443 by 13F value · top 28.7%
Portfolio value QoQ: -3.2% 13F does not disclose cash
- Top 10 holdings weight
- 45.23%
- Top 25 holdings weight
- 78.29%
- Positions above 1%
- 36
- Effective number of positions
- 31.2
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 9.69% Est. buys $84,730,933 · sells $121,272,512
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 86.2% still held
- New positions
- 3
- Increased
- 26
- Decreased
- 20
- Closed
- 2
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Materials
14.8%
Energy
10.1%
Healthcare
9.3%
Technology
5.1%
Financial Services
4.7%
Consumer Staples
4.4%
Retail
4.1%
Telecommunication
3.2%
Industrials
2.4%
Communication Services
1.9%
Consumer Discretionary
1.8%
Financials
1.7%
Real Estate
1.1%
Other/Unmapped
35.3%
Full portfolio 56 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| Unknown issuer (CUSIP: 30233Q108) | $57,536,413 | 6.69% | 420,834 | Up ×1 | |||
| TECK Teck Resources Ltd Ordinary Shares | $52,915,393 | 6.15% | 889,933 | $5,656,330 | Down ×3 | ||
| BRKB | $47,736,706 | 5.55% | 95,399 | $1,263,411 | Down ×1 | ||
| NEM Newmont Corporation | $46,662,188 | 5.43% | 499,595 | $-7,542,271 | Down ×6 | ||
| CVX Chevron Corporation Common Stock | $39,176,547 | 4.56% | 236,345 | $-9,630,542 | Up ×4 | ||
| DG Dollar General Corporation Common Stock | $32,960,943 | 3.83% | 286,343 | $-689,276 | Up ×1 | ||
| Unknown issuer (CUSIP: 20825c104) | $29,808,500 | 3.47% | 286,730 | $-8,106,714 | Down ×1 | ||
| Unknown issuer (CUSIP: 00724f101) | $27,465,299 | 3.19% | 133,964 | $8,396,888 | Up ×1 | ||
| AEM Agnico Eagle Mines Limited Common Stock | $27,295,279 | 3.17% | 175,951 | $-8,489,080 | Down ×6 | ||
| VZ Verizon Communications Inc. Common Stock | $27,272,019 | 3.17% | 644,119 | $-4,959,895 | Up ×4 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $26,045,721 | 3.03% | 202,690 | $1,722,000 | Up ×6 | ||
| HPQ HP Inc. Common Stock | $24,322,640 | 2.83% | 1,108,598 | $3,057,093 | Up ×2 | ||
| PFE Pfizer, Inc. Common Stock | $22,540,758 | 2.62% | 936,078 | $-3,643,421 | Up ×2 | ||
| ABEV Ambev S.A. American Depositary Shares (Each representing 1 Common Share) | $22,247,478 | 2.59% | 7,085,184 | $1,496,933 | Down ×1 | ||
| FHI Federated Hermes, Inc. Common Stock | $20,990,084 | 2.44% | 380,117 | $-955,916 | Down ×6 | ||
| Unknown issuer (CUSIP: 25243q205) | $19,418,924 | 2.26% | 241,589 | $1,538,714 | Up ×2 | ||
| BEN Franklin Resources, Inc. Common Stock | $19,400,753 | 2.26% | 583,131 | $5,573,261 | Down ×2 | ||
| PKE Park Aerospace Corp. Common Stock | $19,182,421 | 2.23% | 502,684 | $5,326,033 | Down ×1 | ||
| INTC Intel Corporation - Common Stock | $18,679,562 | 2.17% | 133,779 | $-1,557,618 | Down ×3 | ||
| CMCSA Comcast Corporation - Class A Common Stock | $16,753,411 | 1.95% | 682,420 | $-2,524,608 | Up ×4 | ||
| LKQ LKQ Corporation - Common Stock | $15,888,154 | 1.85% | 603,424 | $-1,662,389 | Up ×3 | ||
| PBT Permian Basin Royalty Trust Common Stock | $15,683,328 | 1.82% | 626,331 | $2,121,273 | Down ×2 | ||
| Unknown issuer (CUSIP: 61945c103) | $14,724,174 | 1.71% | 694,864 | $-2,710,973 | Up ×6 | ||
| Unknown issuer (CUSIP: 06849f108) | $14,198,516 | 1.65% | 386,565 | $-1,582,423 | Down ×3 | ||
| L Loews Corporation Common Stock | $14,192,006 | 1.65% | 125,360 | $565,791 | Down ×1 | ||
| Unknown issuer (CUSIP: 35671d857) | $12,962,887 | 1.51% | 206,120 | $633,018 | Down ×3 | ||
| GILD Gilead Sciences, Inc. - Common Stock | $12,905,278 | 1.50% | 102,147 | $-1,449,443 | Down ×6 | ||
| Unknown issuer (CUSIP: 12008r107) | $12,714,571 | 1.48% | 142,094 | Up ×1 | |||
| CVE Cenovus Energy Inc Common Stock | $12,586,044 | 1.46% | 507,297 | $-828,511 | Up ×6 | ||
| Unknown issuer (CUSIP: g9108l173) | $11,899,918 | 1.38% | 336,441 | $-1,625,905 | Down ×3 | ||
| Unknown issuer (CUSIP: 67077m108) | $11,799,474 | 1.37% | 187,442 | $-2,256,913 | Up ×4 | ||
| Unknown issuer (CUSIP: 80105n105) | $11,708,122 | 1.36% | 274,452 | $-1,451,619 | Up ×4 | ||
| PSX Phillips 66 Common Stock | $10,369,916 | 1.21% | 61,342 | $-891,176 | Down ×6 | ||
| BMY Bristol-Myers Squibb Company Common Stock | $9,894,297 | 1.15% | 171,716 | $-164,748 | Up ×5 | ||
| TRC Tejon Ranch Co Common Stock | $9,612,249 | 1.12% | 514,024 | $-39,747 | Up ×5 | ||
| APA APA Corporation - Common Stock | $8,563,336 | 1.00% | 262,921 | $-2,494,787 | Up ×6 | ||
| NVO Novo Nordisk A/S Common Stock | $8,525,554 | 0.99% | 177,838 | $2,126,424 | Up ×3 | ||
| CPB The Campbell's Company - Common Stock | $8,105,389 | 0.94% | 363,960 | $163,907 | Up ×1 | ||
| KHC The Kraft Heinz Company - Common Stock | $7,719,016 | 0.90% | 326,800 | $431,716 | Up ×2 | ||
| Unknown issuer (CUSIP: n20944109) | $7,685,082 | 0.89% | 684,335 | $157,375 | Down ×1 | ||
| Unknown issuer (CUSIP: 25179m103) | $6,283,904 | 0.73% | 152,079 | $-1,151,480 | Up ×6 | ||
| Unknown issuer (CUSIP: 13321l108) | $5,660,156 | 0.66% | 55,568 | $-424,719 | Down ×6 | ||
| Unknown issuer (CUSIP: 69047q102) | $5,483,129 | 0.64% | 104,143 | $-660,037 | Up ×6 | ||
| BRKA | $3,744,250 | 0.44% | 5 | $153,550 | |||
| WMT Walmart Inc. - Common Stock | $2,044,873 | 0.24% | 18,055 | $-130,276 | Up ×1 | ||
| Unknown issuer (CUSIP: 56585a102) | $1,260,197 | 0.15% | 4,929 | $56,634 | |||
| RIG Transocean Ltd (Switzerland) Common Stock | $827,867 | 0.10% | 169,298 | $-294,579 | |||
| IMO | $777,979 | 0.09% | 6,945 | $-130,566 | |||
| Unknown issuer (CUSIP: 89417e109) | $764,228 | 0.09% | 2,315 | $88,989 | |||
| CB Chubb Limited Common Stock | $725,435 | 0.08% | 2,129 | $31,530 | |||
| EAF GrafTech International Ltd. Common Stock | $628,559 | 0.07% | 106,355 | $-97,831 | Down ×3 | ||
| IBM International Business Machines Corporation Common Stock | $438,406 | 0.05% | 1,559 | $99,302 | Up ×1 | ||
| RTX RTX Corporation Common Stock | $399,948 | 0.05% | 2,108 | $62,566 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $308,563 | 0.04% | 1,215 | $38,212 | Up ×1 | ||
| MUSA Murphy USA Inc. Common Stock | $202,076 | 0.02% | 375 | Up ×1 | |||
| SJT San Juan Basin Royalty Trust Common Stock | $46,754 | 0.01% | 14,565 | $-23,304 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| CVX | $39,176,547 | 4.56% | up ×4 |
| VZ | $27,272,019 | 3.17% | up ×4 |
| MRK | $26,045,721 | 3.03% | up ×6 |
| CMCSA | $16,753,411 | 1.95% | up ×4 |
| LKQ | $15,888,154 | 1.85% | up ×3 |
| None | $14,724,174 | 1.71% | up ×6 |
| CVE | $12,586,044 | 1.46% | up ×6 |
| None | $11,799,474 | 1.37% | up ×4 |
| None | $11,708,122 | 1.36% | up ×4 |
| BMY | $9,894,297 | 1.15% | up ×5 |
| TRC | $9,612,249 | 1.12% | up ×5 |
| APA | $8,563,336 | 1.00% | up ×6 |
| NVO | $8,525,554 | 0.99% | up ×3 |
| None | $6,283,904 | 0.73% | up ×6 |
| None | $5,483,129 | 0.64% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 30233Q108) | $57,536,413 | 420,834 | 6.69% |
| Unknown issuer (CUSIP: 12008r107) | $12,714,571 | 142,094 | 1.48% |
| MUSA | $202,076 | 375 | 0.02% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| XOM | June 30, 2026 | 421,849 | $71,570,887 | 22.8% |
| GOLD | June 30, 2025 | 601,642 | $11,695,912 | 102.1% |
| PARA | March 31, 2025 | 1,037,987 | $10,857,340 | |
| CSCO | Sept. 30, 2025 | 138,431 | $9,604,343 | 62.4% |
| AGI | Sept. 30, 2025 | 51,477 | $1,367,229 | 3.4% |
| MUR | June 30, 2026 | 6,050 | $249,562 | 10.7% |
| EMN | June 30, 2025 | 2,300 | $202,653 | 0.4% |