Filed: 5/15/2025ACC: 0001172661-25-002206
📋 What this filing means
TSP CAPITAL MANAGEMENT GROUP, LLC filed this quarterly 13F‑HR report disclosing 46 equity positions with a total reported market value of $303.92M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
46
Positions
$303.92M
Total AUM (reported)
38.05M
Total Shares
Allocation by class
COM$143.08M47.1%
COM NEW$36.26M11.9%
SPONSORED ADR$34.08M11.2%
SP ADR N-V PFD$16.18M5.3%
ISHARES$14.51M4.8%
GOLD SHS$12.45M4.1%
ORD$11.88M3.9%
Portfolio Concentration
Top 3$56.73M18.7%
4–10$95.47M31.4%
11–25$114.97M37.8%
Rest$36.75M12.1%
Top 3 weight
18.7%
Top 10 weight
50.1%
Voting Authority Distribution
Total shares with voting rights: 38.05M
Sole
Full voting authority
38.05M
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)
Sole46
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings46
Rows:
NEW GOLD INC CDA
SOLEShares5.71M
TypeSH
Market value$21.19M
6.97%
Sole
5.71M
Shared
0.00
None
0.00
MAUI LD & PINEAPPLE INC
SOLEShares1.10M
TypeSH
Market value$19.36M
6.37%
Sole
1.10M
Shared
0.00
None
0.00
CIA ENERGETICA DE MINAS GERA
SOLEShares9.19M
TypeSH
Market value$16.18M
5.32%
Sole
9.19M
Shared
0.00
None
0.00
COMPANIA DE MINAS BUENAVENTU
SOLEShares1.01M
TypeSH
Market value$15.72M
5.17%
Sole
1.01M
Shared
0.00
None
0.00
ISHARES SILVER TR
SOLEShares468.07K
TypeSH
Market value$14.51M
4.77%
Sole
468.07K
Shared
0.00
None
0.00
MANNKIND CORP
SOLEShares2.78M
TypeSH
Market value$13.99M
4.60%
Sole
2.78M
Shared
0.00
None
0.00
CORTEVA INC
SOLEShares215.27K
TypeSH
Market value$13.55M
4.46%
Sole
215.27K
Shared
0.00
None
0.00
ADEIA INC
SOLEShares1M
TypeSH
Market value$13.23M
4.35%
Sole
1M
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares43.21K
TypeSH
Market value$12.45M
4.10%
Sole
43.21K
Shared
0.00
None
0.00
NOKIA CORP
SOLEShares2.28M
TypeSH
Market value$12.02M
3.95%
Sole
2.28M
Shared
0.00
None
0.00
XYLEM INC
SOLEShares100.20K
TypeSH
Market value$11.97M
3.94%
Sole
100.20K
Shared
0.00
None
0.00
CONSOLIDATED WATER CO INC
SOLEShares485.18K
TypeSH
Market value$11.88M
3.91%
Sole
485.18K
Shared
0.00
None
0.00
WASTE MGMT INC DEL
SOLEShares42.19K
TypeSH
Market value$9.77M
3.21%
Sole
42.19K
Shared
0.00
None
0.00
STRATASYS LTD
SOLEShares915.40K
TypeSH
Market value$8.96M
2.95%
Sole
915.40K
Shared
0.00
None
0.00
NOVAVAX INC
SOLEShares1.35M
TypeSH
Market value$8.67M
2.85%
Sole
1.35M
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares215.93K
TypeSH
Market value$8.17M
2.69%
Sole
215.93K
Shared
0.00
None
0.00
TRILOGY METALS INC NEW
SOLEShares5.22M
TypeSH
Market value$8.09M
2.66%
Sole
5.22M
Shared
0.00
None
0.00
MIDDLESEX WTR CO
SOLEShares109.22K
TypeSH
Market value$7.00M
2.30%
Sole
109.22K
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares7.88K
TypeSH
Market value$6.50M
2.14%
Sole
7.88K
Shared
0.00
None
0.00
SIBANYE STILLWATER LTD
SOLEShares1.38M
TypeSH
Market value$6.34M
2.09%
Sole
1.38M
Shared
0.00
None
0.00
CELLDEX THERAPEUTICS INC NEW
SOLEShares335.98K
TypeSH
Market value$6.10M
2.01%
Sole
335.98K
Shared
0.00
None
0.00
NEWMONT CORP
SOLEShares124.61K
TypeSH
Market value$6.02M
1.98%
Sole
124.61K
Shared
0.00
None
0.00
WARNER BROS DISCOVERY INC
SOLEShares482.42K
TypeSH
Market value$5.18M
1.70%
Sole
482.42K
Shared
0.00
None
0.00
BARINGS PARTN INVS
SOLEShares293.22K
TypeSH
Market value$5.17M
1.70%
Sole
293.22K
Shared
0.00
None
0.00
WESTERN UN CO
SOLEShares485.92K
TypeSH
Market value$5.14M
1.69%
Sole
485.92K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NEW GOLD INC CDASOLE | COM | 5.71M | SH | $21.19M 6.97% | 5.71M | 0.00 | 0.00 |
MAUI LD & PINEAPPLE INCSOLE | COM | 1.10M | SH | $19.36M 6.37% | 1.10M | 0.00 | 0.00 |
CIA ENERGETICA DE MINAS GERASOLE | SP ADR N-V PFD | 9.19M | SH | $16.18M 5.32% | 9.19M | 0.00 | 0.00 |
COMPANIA DE MINAS BUENAVENTUSOLE | SPONSORED ADR | 1.01M | SH | $15.72M 5.17% | 1.01M | 0.00 | 0.00 |
ISHARES SILVER TRSOLE | ISHARES | 468.07K | SH | $14.51M 4.77% | 468.07K | 0.00 | 0.00 |
MANNKIND CORPSOLE | COM NEW | 2.78M | SH | $13.99M 4.60% | 2.78M | 0.00 | 0.00 |
CORTEVA INCSOLE | COM | 215.27K | SH | $13.55M 4.46% | 215.27K | 0.00 | 0.00 |
ADEIA INCSOLE | COM | 1M | SH | $13.23M 4.35% | 1M | 0.00 | 0.00 |
SPDR GOLD TRSOLE | GOLD SHS | 43.21K | SH | $12.45M 4.10% | 43.21K | 0.00 | 0.00 |
NOKIA CORPSOLE | SPONSORED ADR | 2.28M | SH | $12.02M 3.95% | 2.28M | 0.00 | 0.00 |
XYLEM INCSOLE | COM | 100.20K | SH | $11.97M 3.94% | 100.20K | 0.00 | 0.00 |
CONSOLIDATED WATER CO INCSOLE | ORD | 485.18K | SH | $11.88M 3.91% | 485.18K | 0.00 | 0.00 |
WASTE MGMT INC DELSOLE | COM | 42.19K | SH | $9.77M 3.21% | 42.19K | 0.00 | 0.00 |
STRATASYS LTDSOLE | SHS | 915.40K | SH | $8.96M 2.95% | 915.40K | 0.00 | 0.00 |
NOVAVAX INCSOLE | COM NEW | 1.35M | SH | $8.67M 2.85% | 1.35M | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 215.93K | SH | $8.17M 2.69% | 215.93K | 0.00 | 0.00 |
TRILOGY METALS INC NEWSOLE | COM | 5.22M | SH | $8.09M 2.66% | 5.22M | 0.00 | 0.00 |
MIDDLESEX WTR COSOLE | COM | 109.22K | SH | $7.00M 2.30% | 109.22K | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 7.88K | SH | $6.50M 2.14% | 7.88K | 0.00 | 0.00 |
SIBANYE STILLWATER LTDSOLE | SPONSORED ADR | 1.38M | SH | $6.34M 2.09% | 1.38M | 0.00 | 0.00 |
CELLDEX THERAPEUTICS INC NEWSOLE | COM NEW | 335.98K | SH | $6.10M 2.01% | 335.98K | 0.00 | 0.00 |
NEWMONT CORPSOLE | COM | 124.61K | SH | $6.02M 1.98% | 124.61K | 0.00 | 0.00 |
WARNER BROS DISCOVERY INCSOLE | COM SER A | 482.42K | SH | $5.18M 1.70% | 482.42K | 0.00 | 0.00 |
BARINGS PARTN INVSSOLE | SH BEN INT | 293.22K | SH | $5.17M 1.70% | 293.22K | 0.00 | 0.00 |
WESTERN UN COSOLE | COM | 485.92K | SH | $5.14M 1.69% | 485.92K | 0.00 | 0.00 |
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