AEGIS FINANCIAL CORP Q3 2025 Filing

Filed November 12, 2025

Portfolio Value

$261.3B

Holdings

26

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (26 positions)

#StockSharesValue% PortfolioType
1
EQXEQUINOX GOLD CORP
4,817,923$54.0B20.66%
2
HNRGHALLADOR ENERGY COMPANY
2,010,994$39.4B15.06%
3
PDSPRECISION DRILLING CORP
452,359$25.5B9.75%
4
NGSNATURAL GAS SVCS GROUP INC
671,112$18.8B7.19%
5
PBFPBF ENERGY INC
620,460$18.7B7.16%
6
CVECENOVUS ENERGY INC
920,500$15.6B5.98%
7
TDWTIDEWATER INC NEW
276,529$14.7B5.64%
8
GAUGALIANO GOLD INC
6,659,321$14.5B5.55%
9
NOANORTH AMERN CONSTR GROUP LTD
841,934$12.0B4.58%
10
ELDELDORADO GOLD CORP NEW
412,779$11.9B4.56%
11
BSETBASSETT FURNITURE INDS INC
476,119$7.4B2.85%
12
VETVERMILION ENERGY INC
870,492$6.8B2.60%
13
ASTLALGOMA STL GROUP INC
1,786,122$6.3B2.43%
14
EFXENERFLEX LTD
551,151$5.9B2.28%
15
WHGWESTWOOD HLDGS GROUP INC
99,926$1.6B0.63%
16
SLVISHARES SILVER TR
35,383$1.5B0.57%
17
HNNAHENNESSY ADVISORS INC
141,353$1.5B0.57%
18
IAUI-80 GOLD CORP
1,126,349$1.1B0.41%
19
ASCARDMORE SHIPPING CORP
89,612$1.1B0.41%
20
MERCMERCER INTL INC
309,007$889.9M0.34%
21
MINDMIND TECHNOLOGY INC
79,572$643.7M0.25%
22
SLRSOLITARIO RESOURCES CORP
632,458$441.5M0.17%
23
GQ9SPDR GOLD TR
828$294.3M0.11%
24
CEF/USPROTT ASSET MANAGEMENT LP
7,474$274.2M0.10%
25
WFGWEST FRASER TIMBER CO LTD
3,142$213.7M0.08%
26
DCDAKOTA GOLD CORP
30,000$136.5M0.05%