Drummond Knight Asset Management Pty Ltd
Long book
$282.7M
Q1 2026
Positions
14
Top-10 weight
86%
concentration
Last quarter
-12.0%
SPY +14.8%
Turnover
61%
of book per quarter
Strategy in plain words
auto-generated from filingsDrummond Knight Asset Management Pty Ltd is a concentrated fundamental stock-picker, running a $282.7M US long book across 14 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ALCOA CORP, CHEVRON CORP, AGNICO EAGLE MINES LTD, FREEPORT-MCMORAN INC, DEVON ENERGY CORP.
Over the last 6 quarters its long book ran on average 2pp per quarter ahead of the S&P 500, beating the index in 4 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
+2.6%
Q1 2025
+1.8%
Q2 2025
+12.1%
Q3 2025
+20.7%
Q4 2025
+14.6%
Q1 2026
-12.0%
Sector allocation
Materials 42%
Energy 34%
Industrials 17%
Other 7%
Long book by quarter
What does Drummond Knight own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AA ALCOA CORP | Industrials | 478.5K | $31.7M | 11.2% | -54.9% |
| CVX CHEVRON CORP | Energy | 150.2K | $31.1M | 11.0% | New |
| AEM AGNICO EAGLE MINES LTD | Materials | 141.1K | $28.6M | 10.1% | New |
| FCX FREEPORT-MCMORAN INC | Materials | 458.5K | $27.0M | 9.5% | -65.1% |
| DVN DEVON ENERGY CORP | Energy | 487.3K | $24.5M | 8.7% | New |
| SLB SLB LTD | Energy | 475.0K | $24.4M | 8.6% | New |
| TECK TECK RESOURCES LTD-CLS B | Materials | 421.6K | $21.8M | 7.7% | -5.5% |
| NTR NUTRIEN LTD | Other | 274.5K | $20.7M | 7.3% | New |
| CENX CENTURY ALUMINUM COMPANY | Industrials | 281.1K | $16.5M | 5.8% | -10.3% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 26.2K | $15.4M | 5.4% | -18.2% |
| FANG DIAMONDBACK ENERGY INC | Energy | 75.1K | $14.8M | 5.3% | New |
| CCJ CAMECO CORP | Materials | 96.9K | $10.5M | 3.7% | New |
| DD DUPONT DE NEMOURS INC | Materials | 226.9K | $10.4M | 3.7% | -81.2% |
| NXE NEXGEN ENERGY LTD | Materials | 447.4K | $5.2M | 1.8% | -22.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 14 | $282.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 11 | $357.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 12 | $326.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 12 | $313.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Jun 4, 2025 | 11 | $199.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 12 | $137.6M | canonical | SEC ↗ |
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