AEGIS FINANCIAL CORP Q2 2025 Filing

Filed August 11, 2025

Portfolio Value

$169.9B

Holdings

25

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (25 positions)

#StockSharesValue% PortfolioType
1
HNRGHALLADOR ENERGY COMPANY
2,010,994$31.8B18.74%
2
EQXEQUINOX GOLD CORP
4,828,363$27.8B16.37%
3
NGSNATURAL GAS SVCS GROUP INC
671,112$17.3B10.20%
4
PBFPBF ENERGY INC
620,460$13.4B7.91%
5
TDWTIDEWATER INC NEW
276,529$12.8B7.51%
6
ASTLALGOMA STL GROUP INC
1,786,122$12.3B7.24%
7
PDSPRECISION DRILLING CORP
215,396$10.2B5.99%
8
ELDELDORADO GOLD CORP NEW
412,779$8.4B4.94%
9
GAUGALIANO GOLD INC
6,505,921$8.2B4.86%
10
BSETBASSETT FURNITURE INDS INC
476,119$7.2B4.26%
11
EFXENERFLEX LTD
551,151$4.3B2.56%
12
VETVERMILION ENERGY INC
520,492$3.8B2.23%
13
BTUPEABODY ENERGY CORP
236,925$3.2B1.87%
14
HNNAHENNESSY ADVISORS INC
141,353$1.8B1.05%
15
WHGWESTWOOD HLDGS GROUP INC
99,926$1.6B0.92%
16
SLVISHARES SILVER TR
35,383$1.2B0.68%
17
MERCMERCER INTL INC
309,007$1.1B0.64%
18
ASCARDMORE SHIPPING CORP
89,612$860.3M0.51%
19
IAUI-80 GOLD CORP
1,126,349$674.0M0.40%
20
MINDMIND TECHNOLOGY INC
79,572$671.6M0.40%
21
SLRSOLITARIO RESOURCES CORP
632,458$411.1M0.24%
22
GQ9SPDR GOLD TR
828$252.4M0.15%
23
WFGWEST FRASER TIMBER CO LTD
3,142$230.0M0.14%
24
CEF/USPROTT PHYSICAL GOLD & SILVE
7,474$225.0M0.13%
25
DCDAKOTA GOLD CORP
30,000$110.7M0.07%