Filed: 10/14/2025ACC: 0001179232-25-000010
📋 What this filing means
FOUNDATION RESOURCE MANAGEMENT INC filed this quarterly 13F‑HR report disclosing 51 equity positions with a total reported market value of $696.02M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
51
Positions
$696.02M
Total AUM (reported)
21.17M
Total Shares
Allocation by class
COM$696.02M100.0%
Portfolio Concentration
Top 3$144.30M20.7%
4–10$220.30M31.7%
11–25$222.11M31.9%
Rest$109.31M15.7%
Top 3 weight
20.7%
Top 10 weight
52.4%
Voting Authority Distribution
Total shares with voting rights: 21.17M
Sole
Full voting authority
21.17M
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)
Sole51
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings51
Rows:
BERKSHIRE HATHAWAY CL B
SOLEShares96.59K
TypeSH
Market value$48.56M
6.98%
Sole
96.59K
Shared
0.00
None
0.00
NEWMONT GOLDCORP
SOLEShares573.05K
TypeSH
Market value$48.31M
6.94%
Sole
573.05K
Shared
0.00
None
0.00
EXXON MOBIL
SOLEShares420.63K
TypeSH
Market value$47.43M
6.81%
Sole
420.63K
Shared
0.00
None
0.00
TECK RESOURCES LTD CL B
SOLEShares951.92K
TypeSH
Market value$41.78M
6.00%
Sole
951.92K
Shared
0.00
None
0.00
CHEVRON
SOLEShares232.98K
TypeSH
Market value$36.18M
5.20%
Sole
232.98K
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
SOLEShares212.05K
TypeSH
Market value$35.74M
5.14%
Sole
212.05K
Shared
0.00
None
0.00
DOLLAR GENERAL CORP
SOLEShares283.63K
TypeSH
Market value$29.31M
4.21%
Sole
283.63K
Shared
0.00
None
0.00
VERIZON COMMUNICATIONS INC COM
SOLEShares622.44K
TypeSH
Market value$27.36M
3.93%
Sole
622.44K
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares284.45K
TypeSH
Market value$26.91M
3.87%
Sole
284.45K
Shared
0.00
None
0.00
PFIZER INC COM
SOLEShares903.64K
TypeSH
Market value$23.02M
3.31%
Sole
903.64K
Shared
0.00
None
0.00
MOSAIC
SOLEShares643.15K
TypeSH
Market value$22.30M
3.20%
Sole
643.15K
Shared
0.00
None
0.00
FEDERATED HERMES, INC
SOLEShares396.83K
TypeSH
Market value$20.61M
2.96%
Sole
396.83K
Shared
0.00
None
0.00
BARRICK GOLD CORP
SOLEShares598K
TypeSH
Market value$19.60M
2.82%
Sole
598K
Shared
0.00
None
0.00
INTEL CORP.
SOLEShares532.47K
TypeSH
Market value$17.86M
2.57%
Sole
532.47K
Shared
0.00
None
0.00
LKQ CORP
SOLEShares580.19K
TypeSH
Market value$17.72M
2.55%
Sole
580.19K
Shared
0.00
None
0.00
MERCK AND CO. INC.
SOLEShares190.78K
TypeSH
Market value$16.01M
2.30%
Sole
190.78K
Shared
0.00
None
0.00
AMBEV SA SPON ADR
SOLEShares6.88M
TypeSH
Market value$15.35M
2.21%
Sole
6.88M
Shared
0.00
None
0.00
FRANKLIN RESOURCES INC COM
SOLEShares585.24K
TypeSH
Market value$13.54M
1.94%
Sole
585.24K
Shared
0.00
None
0.00
LOEWS
SOLEShares126.34K
TypeSH
Market value$12.68M
1.82%
Sole
126.34K
Shared
0.00
None
0.00
SANOFI
SOLEShares258.05K
TypeSH
Market value$12.18M
1.75%
Sole
258.05K
Shared
0.00
None
0.00
GILEAD SCIENCES INC
SOLEShares109.05K
TypeSH
Market value$12.10M
1.74%
Sole
109.05K
Shared
0.00
None
0.00
PERMIAN BASIN ROYALTY TRUST
SOLEShares642.51K
TypeSH
Market value$11.73M
1.68%
Sole
642.51K
Shared
0.00
None
0.00
HP INC
SOLEShares375.31K
TypeSH
Market value$10.22M
1.47%
Sole
375.31K
Shared
0.00
None
0.00
PARK AEROSPACE CORP
SOLEShares500.49K
TypeSH
Market value$10.18M
1.46%
Sole
500.49K
Shared
0.00
None
0.00
NUTRIEN LTD
SOLEShares170.78K
TypeSH
Market value$10.03M
1.44%
Sole
170.78K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY CL BSOLE | COM | 96.59K | SH | $48.56M 6.98% | 96.59K | 0.00 | 0.00 |
NEWMONT GOLDCORPSOLE | COM | 573.05K | SH | $48.31M 6.94% | 573.05K | 0.00 | 0.00 |
EXXON MOBILSOLE | COM | 420.63K | SH | $47.43M 6.81% | 420.63K | 0.00 | 0.00 |
TECK RESOURCES LTD CL BSOLE | COM | 951.92K | SH | $41.78M 6.00% | 951.92K | 0.00 | 0.00 |
CHEVRONSOLE | COM | 232.98K | SH | $36.18M 5.20% | 232.98K | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDSOLE | COM | 212.05K | SH | $35.74M 5.14% | 212.05K | 0.00 | 0.00 |
DOLLAR GENERAL CORPSOLE | COM | 283.63K | SH | $29.31M 4.21% | 283.63K | 0.00 | 0.00 |
VERIZON COMMUNICATIONS INC COMSOLE | COM | 622.44K | SH | $27.36M 3.93% | 622.44K | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 284.45K | SH | $26.91M 3.87% | 284.45K | 0.00 | 0.00 |
PFIZER INC COMSOLE | COM | 903.64K | SH | $23.02M 3.31% | 903.64K | 0.00 | 0.00 |
MOSAICSOLE | COM | 643.15K | SH | $22.30M 3.20% | 643.15K | 0.00 | 0.00 |
FEDERATED HERMES, INCSOLE | COM | 396.83K | SH | $20.61M 2.96% | 396.83K | 0.00 | 0.00 |
BARRICK GOLD CORPSOLE | COM | 598K | SH | $19.60M 2.82% | 598K | 0.00 | 0.00 |
INTEL CORP.SOLE | COM | 532.47K | SH | $17.86M 2.57% | 532.47K | 0.00 | 0.00 |
LKQ CORPSOLE | COM | 580.19K | SH | $17.72M 2.55% | 580.19K | 0.00 | 0.00 |
MERCK AND CO. INC.SOLE | COM | 190.78K | SH | $16.01M 2.30% | 190.78K | 0.00 | 0.00 |
AMBEV SA SPON ADRSOLE | COM | 6.88M | SH | $15.35M 2.21% | 6.88M | 0.00 | 0.00 |
FRANKLIN RESOURCES INC COMSOLE | COM | 585.24K | SH | $13.54M 1.94% | 585.24K | 0.00 | 0.00 |
LOEWSSOLE | COM | 126.34K | SH | $12.68M 1.82% | 126.34K | 0.00 | 0.00 |
SANOFISOLE | COM | 258.05K | SH | $12.18M 1.75% | 258.05K | 0.00 | 0.00 |
GILEAD SCIENCES INCSOLE | COM | 109.05K | SH | $12.10M 1.74% | 109.05K | 0.00 | 0.00 |
PERMIAN BASIN ROYALTY TRUSTSOLE | COM | 642.51K | SH | $11.73M 1.68% | 642.51K | 0.00 | 0.00 |
HP INCSOLE | COM | 375.31K | SH | $10.22M 1.47% | 375.31K | 0.00 | 0.00 |
PARK AEROSPACE CORPSOLE | COM | 500.49K | SH | $10.18M 1.46% | 500.49K | 0.00 | 0.00 |
NUTRIEN LTDSOLE | COM | 170.78K | SH | $10.03M 1.44% | 170.78K | 0.00 | 0.00 |
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