Foundation Resource Management portfolio
Concentrated managerInvestment firmPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 19, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Foundation Resource Management reported a $939M portfolio of 55 companies (56 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are XOM, NEM, TECK.
Sections with a free account
What changed this quarter
35 positions with a change (1 new, 7 added to, 26 trimmed, 1 sold). 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Exxon MobilXOM7.3%
- NewmontNEM6.0%
- TECK ResourcesTECK5.9%
- Berkshire HathawayBRK/B · BRK/A5.4%
- ChevronCVX5.1%
- ConocoPhillipsCOP3.7%
- HPHPQ3.6%
- Dollar GeneralDG3.6%
- Agnico Eagle MinesAEM3.4%
- AdobeADBE3.4%
- Verizon CommunicationsVZ3.1%
- MerckMRK3.1%
- PfizerPFE2.9%
- ComcastCMCSA2.5%
- Federated HermesFHI2.2%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Energy 23%
- ● Materials 20%
- ● Financials 11%
- ● Health Care 11%
- ● Consumer Staples 10%
- ● Information Technology 9%
- ● Communication Services 6%
- ● Industrials 5%
- ● No sector 4%
- ● Consumer Discretionary 2%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q3 2026: 56
Q3 2026: 47%
Q3 2026: 1.6%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 30, 2026 (medium confidence).
The data, as reported: FOUNDATION RESOURCE MANAGEMENT, INC. (CRD 116359): 5.D assets by client type: high net worth 66%, charities 15%, corporations 10%, pension plans 6% (of $1.1 bn); 5.F 597 accounts, 0% non-discretionary; 5.D 250 clients, 211 individuals; no financial planning, adviser selection or non-discretionary assets: discretionary accounts
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
- Condire ManagementInvestment firm · $942M
- Ashe Capital ManagementInvestment firm · $931M
- Night Owl Capital ManagementInvestment firm · $953M
- Polaris Capital ManagementInvestment firm · $953M
- Sycomore Asset ManagementInvestment firm · $917M
- Goodnow Investment GroupInvestment firm · $964M