Filed: 8/11/2025ACC: 0001172661-25-003024
📋 What this filing means
TSP CAPITAL MANAGEMENT GROUP, LLC filed this quarterly 13F‑HR report disclosing 44 equity positions with a total reported market value of $318.56M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
44
Positions
$318.56M
Total AUM (reported)
38.32M
Total Shares
Allocation by class
COM$140.03M44.0%
SPONSORED ADR$41.39M13.0%
COM NEW$36.69M11.5%
SP ADR N-V PFD$17.90M5.6%
ISHARES$15.29M4.8%
ORD$14.60M4.6%
GOLD SHS$13.17M4.1%
Portfolio Concentration
Top 3$60.30M18.9%
4–10$102.80M32.3%
11–25$125.43M39.4%
Rest$30.02M9.4%
Top 3 weight
18.9%
Top 10 weight
51.2%
Voting Authority Distribution
Total shares with voting rights: 38.32M
Sole
Full voting authority
38.32M
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)
Sole44
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings44
Rows:
NEW GOLD INC CDA
SOLEShares4.53M
TypePRN
Market value$22.40M
7.03%
Sole
4.53M
Shared
0.00
None
0.00
MAUI LD & PINEAPPLE INC
SOLEShares1.10M
TypePRN
Market value$20.00M
6.28%
Sole
1.10M
Shared
0.00
None
0.00
CIA ENERGETICA DE MINAS GERA
SOLEShares9.13M
TypePRN
Market value$17.90M
5.62%
Sole
9.13M
Shared
0.00
None
0.00
COMPANIA DE MINAS BUENAVENTU
SOLEShares1M
TypePRN
Market value$16.47M
5.17%
Sole
1M
Shared
0.00
None
0.00
CORTEVA INC
SOLEShares215.05K
TypePRN
Market value$16.03M
5.03%
Sole
215.05K
Shared
0.00
None
0.00
ISHARES SILVER TR
SOLEShares465.88K
TypePRN
Market value$15.29M
4.80%
Sole
465.88K
Shared
0.00
None
0.00
CONSOLIDATED WATER CO INC
SOLEShares486.23K
TypePRN
Market value$14.60M
4.58%
Sole
486.23K
Shared
0.00
None
0.00
ADEIA INC
SOLEShares997.48K
TypePRN
Market value$14.10M
4.43%
Sole
997.48K
Shared
0.00
None
0.00
SPDR GOLD TR
SOLEShares43.21K
TypePRN
Market value$13.17M
4.14%
Sole
43.21K
Shared
0.00
None
0.00
SIBANYE STILLWATER LTD
SOLEShares1.82M
TypePRN
Market value$13.15M
4.13%
Sole
1.82M
Shared
0.00
None
0.00
XYLEM INC
SOLEShares99.93K
TypePRN
Market value$12.93M
4.06%
Sole
99.93K
Shared
0.00
None
0.00
NOKIA CORP
SOLEShares2.27M
TypePRN
Market value$11.78M
3.70%
Sole
2.27M
Shared
0.00
None
0.00
MANNKIND CORP
SOLEShares2.98M
TypePRN
Market value$11.15M
3.50%
Sole
2.98M
Shared
0.00
None
0.00
STRATASYS LTD
SOLEShares920.90K
TypePRN
Market value$10.56M
3.32%
Sole
920.90K
Shared
0.00
None
0.00
WASTE MGMT INC DEL
SOLEShares41.97K
TypePRN
Market value$9.60M
3.01%
Sole
41.97K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares215.93K
TypePRN
Market value$9.36M
2.94%
Sole
215.93K
Shared
0.00
None
0.00
NOVAVAX INC
SOLEShares1.40M
TypePRN
Market value$8.81M
2.77%
Sole
1.40M
Shared
0.00
None
0.00
TRILOGY METALS INC NEW
SOLEShares6.15M
TypePRN
Market value$8.31M
2.61%
Sole
6.15M
Shared
0.00
None
0.00
CELLDEX THERAPEUTICS INC NEW
SOLEShares371.43K
TypePRN
Market value$7.56M
2.37%
Sole
371.43K
Shared
0.00
None
0.00
NEWMONT CORP
SOLEShares124.61K
TypePRN
Market value$7.26M
2.28%
Sole
124.61K
Shared
0.00
None
0.00
MIDDLESEX WTR CO
SOLEShares111.72K
TypePRN
Market value$6.05M
1.90%
Sole
111.72K
Shared
0.00
None
0.00
COEUR MNG INC
SOLEShares656.13K
TypePRN
Market value$5.81M
1.82%
Sole
656.13K
Shared
0.00
None
0.00
BARINGS PARTN INVS
SOLEShares285.51K
TypePRN
Market value$5.74M
1.80%
Sole
285.51K
Shared
0.00
None
0.00
WARNER BROS DISCOVERY INC
SOLEShares473.57K
TypePRN
Market value$5.43M
1.70%
Sole
473.57K
Shared
0.00
None
0.00
BARINGS GLOBAL SHORT DURATIO
SOLEShares329.77K
TypePRN
Market value$5.08M
1.59%
Sole
329.77K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NEW GOLD INC CDASOLE | COM | 4.53M | PRN | $22.40M 7.03% | 4.53M | 0.00 | 0.00 |
MAUI LD & PINEAPPLE INCSOLE | COM | 1.10M | PRN | $20.00M 6.28% | 1.10M | 0.00 | 0.00 |
CIA ENERGETICA DE MINAS GERASOLE | SP ADR N-V PFD | 9.13M | PRN | $17.90M 5.62% | 9.13M | 0.00 | 0.00 |
COMPANIA DE MINAS BUENAVENTUSOLE | SPONSORED ADR | 1M | PRN | $16.47M 5.17% | 1M | 0.00 | 0.00 |
CORTEVA INCSOLE | COM | 215.05K | PRN | $16.03M 5.03% | 215.05K | 0.00 | 0.00 |
ISHARES SILVER TRSOLE | ISHARES | 465.88K | PRN | $15.29M 4.80% | 465.88K | 0.00 | 0.00 |
CONSOLIDATED WATER CO INCSOLE | ORD | 486.23K | PRN | $14.60M 4.58% | 486.23K | 0.00 | 0.00 |
ADEIA INCSOLE | COM | 997.48K | PRN | $14.10M 4.43% | 997.48K | 0.00 | 0.00 |
SPDR GOLD TRSOLE | GOLD SHS | 43.21K | PRN | $13.17M 4.14% | 43.21K | 0.00 | 0.00 |
SIBANYE STILLWATER LTDSOLE | SPONSORED ADR | 1.82M | PRN | $13.15M 4.13% | 1.82M | 0.00 | 0.00 |
XYLEM INCSOLE | COM | 99.93K | PRN | $12.93M 4.06% | 99.93K | 0.00 | 0.00 |
NOKIA CORPSOLE | SPONSORED ADR | 2.27M | PRN | $11.78M 3.70% | 2.27M | 0.00 | 0.00 |
MANNKIND CORPSOLE | COM NEW | 2.98M | PRN | $11.15M 3.50% | 2.98M | 0.00 | 0.00 |
STRATASYS LTDSOLE | SHS | 920.90K | PRN | $10.56M 3.32% | 920.90K | 0.00 | 0.00 |
WASTE MGMT INC DELSOLE | COM | 41.97K | PRN | $9.60M 3.01% | 41.97K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 215.93K | PRN | $9.36M 2.94% | 215.93K | 0.00 | 0.00 |
NOVAVAX INCSOLE | COM NEW | 1.40M | PRN | $8.81M 2.77% | 1.40M | 0.00 | 0.00 |
TRILOGY METALS INC NEWSOLE | COM | 6.15M | PRN | $8.31M 2.61% | 6.15M | 0.00 | 0.00 |
CELLDEX THERAPEUTICS INC NEWSOLE | COM NEW | 371.43K | PRN | $7.56M 2.37% | 371.43K | 0.00 | 0.00 |
NEWMONT CORPSOLE | COM | 124.61K | PRN | $7.26M 2.28% | 124.61K | 0.00 | 0.00 |
MIDDLESEX WTR COSOLE | COM | 111.72K | PRN | $6.05M 1.90% | 111.72K | 0.00 | 0.00 |
COEUR MNG INCSOLE | COM NEW | 656.13K | PRN | $5.81M 1.82% | 656.13K | 0.00 | 0.00 |
BARINGS PARTN INVSSOLE | SH BEN INT | 285.51K | PRN | $5.74M 1.80% | 285.51K | 0.00 | 0.00 |
WARNER BROS DISCOVERY INCSOLE | COM SER A | 473.57K | PRN | $5.43M 1.70% | 473.57K | 0.00 | 0.00 |
BARINGS GLOBAL SHORT DURATIOSOLE | COM | 329.77K | PRN | $5.08M 1.59% | 329.77K | 0.00 | 0.00 |
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