AEGIS FINANCIAL CORP Q4 2025 Filing

Filed February 12, 2026

Portfolio Value

$419.3B

Holdings

33

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (33 positions)

#StockSharesValue% PortfolioType
1
EQXEQUINOX GOLD CORP
4,474,089$63.0B15.02%
2
CVECENOVUS ENERGY INC
3,454,121$58.4B13.94%
3
PDSPRECISION DRILLING CORP
504,059$36.2B8.64%
4
HNRGHALLADOR ENERGY COMPANY
1,814,026$34.5B8.24%
5
NGSNATURAL GAS SVCS GROUP INC
671,112$22.6B5.39%
6
ASIXADVANSIX INC
1,209,629$20.9B4.99%
7
MOSMOSAIC CO NEW
853,638$20.6B4.90%
8
RYIRYERSON HLDG CORP
707,390$17.8B4.24%
9
PBFPBF ENERGY INC
620,289$16.8B4.01%
10
GAUGALIANO GOLD INC
6,409,321$16.3B3.89%
11
NOANORTH AMERN CONSTR GROUP LTD
1,038,177$15.0B3.57%
12
TDWTIDEWATER INC NEW
276,529$14.0B3.33%
13
ELDELDORADO GOLD CORP NEW
387,779$13.9B3.32%
14
VETVERMILION ENERGY INC
1,320,492$11.0B2.62%
15
RLJRLJ LODGING TR
1,271,817$9.5B2.26%
16
EFXENERFLEX LTD
551,151$8.5B2.03%
17
BSETBASSETT FURNITURE INDS INC
501,119$8.4B2.00%
18
ASTLALGOMA STL GROUP INC
1,786,122$7.3B1.75%
19
INBKFIRST INTERNET BANCORP
250,320$5.2B1.25%
20
CLDTCHATHAM LODGING TR
678,530$4.6B1.10%
21
ZEUSOLYMPIC STEEL INC
73,515$3.1B0.75%
22
VLGEAVILLAGE SUPER MKT INC
55,733$2.0B0.47%
23
WHGWESTWOOD HLDGS GROUP INC
99,926$1.7B0.41%
24
IAUI-80 GOLD CORP
1,126,349$1.7B0.40%
25
HNNAHENNESSY ADVISORS INC
141,353$1.4B0.32%
26
SLVISHARES SILVER TR
17,698$1.1B0.27%
27
ASCARDMORE SHIPPING CORP
89,612$948.0M0.23%
28
GFRGREENFIRE RES LTD NEW
179,131$852.0M0.20%
29
MERCMERCER INTL INC
308,927$611.0M0.15%
30
SLRSOLITARIO RESOURCES CORP
632,458$440.0M0.10%
31
CEF/USPROTT ASSET MANAGEMENT LP
7,474$342.0M0.08%
32
GQ9SPDR GOLD TR
828$328.0M0.08%
33
DCDAKOTA GOLD CORP
30,000$170.0M0.04%