GLOBAL STRATEGIC MANAGEMENT INC
Long book
$120.4M
Q1 2026
Positions
25
Top-10 weight
83%
concentration
Last quarter
-10.3%
SPY +14.8%
Turnover
32%
of book per quarter
Strategy in plain words
auto-generated from filingsGLOBAL STRATEGIC MANAGEMENT INC is a concentrated fundamental stock-picker, specialised in materials (82% of the long book), running a $120.4M US long book across 25 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: FRANCO-NEVADA CORP, METALLA ROYALTY & STREAMING, AGNICO EAGLE MINES LTD, TRIPLE FLAG PRECIOUS MET, FORTUNA MINING CORP.
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
+5.1%
Q1 2026
-10.3%
Sector allocation
Materials 83%
Financials 14%
Other 2%
Consumer staples 1%
Long book by quarter
What does GLOBAL STRATEGIC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FNV FRANCO-NEVADA CORP | Materials | 76.2K | $18.8M | 15.6% | -3.1% |
| MTA METALLA ROYALTY & STREAMING | Materials | 2.3M | $15.3M | 12.7% | +11.4% |
| AEM AGNICO EAGLE MINES LTD | Materials | 68.3K | $13.9M | 11.5% | -2.3% |
| TFPM TRIPLE FLAG PRECIOUS MET | Financials | 302.4K | $10.5M | 8.7% | -6.5% |
| FSM FORTUNA MINING CORP | Materials | 977.0K | $9.7M | 8.0% | +3.8% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 148.3K | $8.1M | 6.7% | -3.7% |
| OR OR ROYALTIES INC | Materials | 211.5K | $8.0M | 6.7% | -6.4% |
| RGLD ROYAL GOLD INC | Financials | 22.2K | $5.6M | 4.7% | -7.2% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 36.3K | $4.8M | 3.9% | -7.7% |
| ELE ELEMENTAL ROYALTY CORP | Materials | 247.7K | $4.7M | 3.9% | -11.9% |
| B BARRICK MINING CORP | Materials | 73.5K | $3.0M | 2.5% | -41.3% |
| DC DAKOTA GOLD CORP | Materials | 555.1K | $2.8M | 2.3% | New |
| EQX EQUINOX GOLD CORP | Materials | 175.2K | $2.5M | 2.1% | +28.2% |
| BTG B2GOLD CORP | Materials | 547.2K | $2.5M | 2.1% | +3.4% |
| ARCC ARES CAPITAL CORP | — | 103.1K | $1.9M | 1.5% | -5.6% |
| ORLA ORLA MINING LTD | Materials | 78.3K | $1.3M | 1.0% | -19.0% |
| WRN WESTERN COPPER AND GOLD CORP | Materials | 439.2K | $1.1M | 0.9% | +35.0% |
| GBDC GOLUB CAPITAL BDC INC | — | 50.7K | $645K | 0.5% | +69.6% |
| CAG CONAGRA BRANDS INC | Consumer staples | 37.5K | $589K | 0.5% | +41.5% |
| IE IVANHOE ELECTRIC INC / US | Materials | 41.6K | $491K | 0.4% | -32.4% |
| VMET VERSAMET ROYALTIES CORP | Financials | 33.5K | $316K | 0.3% | New |
| IAUX I-80 GOLD CORP | Materials | 120.0K | $181K | 0.2% | New |