Electrum Group LLC
Long book
$1.08B
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
-22.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsElectrum Group LLC is a concentrated fundamental stock-picker, specialised in materials (100% of the long book), running a $1.08B US long book across 8 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NOVAGOLD RESOURCES INC, TRILOGY METALS INC, INTL TOWER HILL MINES LTD, AMPLIFY JUNIOR SILVER MINERS, GLOBAL X SILVER MINERS ETF.
We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-3.2%
Q1 2026
-22.9%
Sector allocation
Materials 100%
Long book by quarter
What does Electrum Group own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NG NOVAGOLD RESOURCES INC | Materials | 92.9M | $834.3M | 77.1% | Held |
| TMQ TRILOGY METALS INC | Materials | 31.6M | $113.5M | 10.5% | Held |
| THM INTL TOWER HILL MINES LTD | Materials | 31.9M | $73.4M | 6.8% | +11.0% |
| HL HECLA MINING CO | Materials | 356.3K | $6.6M | 0.6% | -45.6% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 92.1K | $5.0M | 0.5% | -57.4% |
| CDE COEUR MINING INC | Materials | 200.3K | $3.8M | 0.3% | -58.4% |
13F filing history
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