Filed: 5/9/2025ACC: 0001104659-25-046383
📋 What this filing means
AEGIS FINANCIAL CORP filed this quarterly 13F‑HR report disclosing 23 equity positions with a total reported market value of $117.21M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
23
Positions
$117.21M
Total AUM (reported)
13.86M
Total Shares
Allocation by class
COM$105.85M90.3%
COM NEW$9.61M8.2%
ISHARES$1.21M1.0%
GOLD SHS$316.1K0.3%
TR UNIT$224.2K0.2%
Portfolio Concentration
Top 3$57.22M48.8%
4–10$47.21M40.3%
11–25$12.77M10.9%
Top 3 weight
48.8%
Top 10 weight
89.1%
Voting Authority Distribution
Total shares with voting rights: 13.86M
Sole
Full voting authority
13.86M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole23
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings23
Rows:
HALLADOR ENERGY COMPANY
SOLEShares2.02M
TypeSH
Market value$24.82M
21.18%
Sole
2.02M
Shared
0.00
None
0.00
EQUINOX GOLD CORP
SOLEShares2.57M
TypeSH
Market value$17.65M
15.06%
Sole
2.57M
Shared
0.00
None
0.00
NATURAL GAS SVCS GROUP INC
SOLEShares671.33K
TypeSH
Market value$14.75M
12.58%
Sole
671.33K
Shared
0.00
None
0.00
PRECISION DRILLING CORP
SOLEShares195.50K
TypeSH
Market value$9.09M
7.75%
Sole
195.50K
Shared
0.00
None
0.00
TIDEWATER INC NEW
SOLEShares201.73K
TypeSH
Market value$8.53M
7.28%
Sole
201.73K
Shared
0.00
None
0.00
ALGOMA STL GROUP INC
SOLEShares1.46M
TypeSH
Market value$7.91M
6.75%
Sole
1.46M
Shared
0.00
None
0.00
BASSETT FURNITURE INDS INC
SOLEShares476.31K
TypeSH
Market value$7.26M
6.20%
Sole
476.31K
Shared
0.00
None
0.00
ELDORADO GOLD CORP NEW
SOLEShares413.04K
TypeSH
Market value$6.95M
5.93%
Sole
413.04K
Shared
0.00
None
0.00
ENERFLEX LTD
SOLEShares551.60K
TypeSH
Market value$4.26M
3.64%
Sole
551.60K
Shared
0.00
None
0.00
PEABODY ENERGY CORP
SOLEShares237.06K
TypeSH
Market value$3.21M
2.74%
Sole
237.06K
Shared
0.00
None
0.00
GALIANO GOLD INC
SOLEShares2.48M
TypeSH
Market value$3.05M
2.60%
Sole
2.48M
Shared
0.00
None
0.00
MERCER INTL INC
SOLEShares309.50K
TypeSH
Market value$1.90M
1.62%
Sole
309.50K
Shared
0.00
None
0.00
WESTWOOD HLDGS GROUP INC
SOLEShares100K
TypeSH
Market value$1.62M
1.38%
Sole
100K
Shared
0.00
None
0.00
HENNESSY ADVISORS INC
SOLEShares141.35K
TypeSH
Market value$1.41M
1.20%
Sole
141.35K
Shared
0.00
None
0.00
ISHARES SILVER TR
SOLEShares39.02K
TypeSH
Market value$1.21M
1.03%
Sole
39.02K
Shared
0.00
None
0.00
ARDMORE SHIPPING CORP
SOLEShares89.76K
TypeSH
Market value$878.8K
0.75%
Sole
89.76K
Shared
0.00
None
0.00
I-80 GOLD CORP
SOLEShares1.13M
TypeSH
Market value$665.6K
0.57%
Sole
1.13M
Shared
0.00
None
0.00
MIND TECHNOLOGY INC
SOLEShares87.06K
TypeSH
Market value$522.4K
0.45%
Sole
87.06K
Shared
0.00
None
0.00
SOLITARIO RESOURCES CORP
SOLEShares632.46K
TypeSH
Market value$379.5K
0.32%
Sole
632.46K
Shared
0.00
None
0.00
VERMILION ENERGY INC
SOLEShares43.31K
TypeSH
Market value$350.6K
0.30%
Sole
43.31K
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares1.10K
TypeSH
Market value$316.1K
0.27%
Sole
1.10K
Shared
0.00
None
0.00
WEST FRASER TIMBER CO LTD
SOLEShares3.20K
TypeSH
Market value$245.5K
0.21%
Sole
3.20K
Shared
0.00
None
0.00
SPROTT PHYSICAL GOLD & SILVE
SOLEShares7.89K
TypeSH
Market value$224.2K
0.19%
Sole
7.89K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
HALLADOR ENERGY COMPANYSOLE | COM | 2.02M | SH | $24.82M 21.18% | 2.02M | 0.00 | 0.00 |
EQUINOX GOLD CORPSOLE | COM | 2.57M | SH | $17.65M 15.06% | 2.57M | 0.00 | 0.00 |
NATURAL GAS SVCS GROUP INCSOLE | COM | 671.33K | SH | $14.75M 12.58% | 671.33K | 0.00 | 0.00 |
PRECISION DRILLING CORPSOLE | COM NEW | 195.50K | SH | $9.09M 7.75% | 195.50K | 0.00 | 0.00 |
TIDEWATER INC NEWSOLE | COM | 201.73K | SH | $8.53M 7.28% | 201.73K | 0.00 | 0.00 |
ALGOMA STL GROUP INCSOLE | COM | 1.46M | SH | $7.91M 6.75% | 1.46M | 0.00 | 0.00 |
BASSETT FURNITURE INDS INCSOLE | COM | 476.31K | SH | $7.26M 6.20% | 476.31K | 0.00 | 0.00 |
ELDORADO GOLD CORP NEWSOLE | COM | 413.04K | SH | $6.95M 5.93% | 413.04K | 0.00 | 0.00 |
ENERFLEX LTDSOLE | COM | 551.60K | SH | $4.26M 3.64% | 551.60K | 0.00 | 0.00 |
PEABODY ENERGY CORPSOLE | COM | 237.06K | SH | $3.21M 2.74% | 237.06K | 0.00 | 0.00 |
GALIANO GOLD INCSOLE | COM | 2.48M | SH | $3.05M 2.60% | 2.48M | 0.00 | 0.00 |
MERCER INTL INCSOLE | COM | 309.50K | SH | $1.90M 1.62% | 309.50K | 0.00 | 0.00 |
WESTWOOD HLDGS GROUP INCSOLE | COM | 100K | SH | $1.62M 1.38% | 100K | 0.00 | 0.00 |
HENNESSY ADVISORS INCSOLE | COM | 141.35K | SH | $1.41M 1.20% | 141.35K | 0.00 | 0.00 |
ISHARES SILVER TRSOLE | ISHARES | 39.02K | SH | $1.21M 1.03% | 39.02K | 0.00 | 0.00 |
ARDMORE SHIPPING CORPSOLE | COM | 89.76K | SH | $878.8K 0.75% | 89.76K | 0.00 | 0.00 |
I-80 GOLD CORPSOLE | COM | 1.13M | SH | $665.6K 0.57% | 1.13M | 0.00 | 0.00 |
MIND TECHNOLOGY INCSOLE | COM NEW | 87.06K | SH | $522.4K 0.45% | 87.06K | 0.00 | 0.00 |
SOLITARIO RESOURCES CORPSOLE | COM | 632.46K | SH | $379.5K 0.32% | 632.46K | 0.00 | 0.00 |
VERMILION ENERGY INCSOLE | COM | 43.31K | SH | $350.6K 0.30% | 43.31K | 0.00 | 0.00 |
SPDR GOLD TRSOLE | GOLD SHS | 1.10K | SH | $316.1K 0.27% | 1.10K | 0.00 | 0.00 |
WEST FRASER TIMBER CO LTDSOLE | COM | 3.20K | SH | $245.5K 0.21% | 3.20K | 0.00 | 0.00 |
SPROTT PHYSICAL GOLD & SILVESOLE | TR UNIT | 7.89K | SH | $224.2K 0.19% | 7.89K | 0.00 | 0.00 |