SPROTT INC.
Long book
$3.29B
Q1 2026
Positions
228
Top-10 weight
50%
concentration
Last quarter
-11.6%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsSPROTT INC. is a diversified fundamental manager, running a $3.29B US long book across 228 positions.
The portfolio is moderately concentrated (top 10 ≈ 50% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SPROTT INC, SPROTT FOCUS TRUST INC, AGNICO EAGLE MINES LTD, EQUINOX GOLD CORP, COEUR MINING INC.
Over the last 9 quarters its long book ran on average 4.8pp per quarter ahead of the S&P 500, beating the index in 6 of 9 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
Q1 2024
+1.2%
Q2 2024
+10.2%
Q3 2024
-6.1%
Q4 2024
+16.1%
Q1 2025
+13.8%
Q2 2025
+37.4%
Q3 2025
+12.8%
Q4 2025
+9.8%
Q1 2026
-11.6%
Sector allocation
Materials 59%
Financials 28%
Energy 4%
Industrials 3%
Other 2%
Consumer staples 1%
Consumer discretionary 1%
Technology 1%
Long book by quarter
What does SPROTT INC. own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SII SPROTT INC | Financials | 4.2M | $597.9M | 18.1% | +151.9% |
| AEM AGNICO EAGLE MINES LTD | Materials | 685.1K | $139.0M | 4.2% | -4.6% |
| EQX EQUINOX GOLD CORP | Materials | 9.5M | $137.3M | 4.2% | -4.4% |
| CDE COEUR MINING INC | Materials | 6.8M | $128.0M | 3.9% | -8.9% |
| IAG IAMGOLD CORP | Materials | 6.6M | $123.7M | 3.8% | -4.8% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 873.8K | $114.6M | 3.5% | -2.3% |
| OR OR ROYALTIES INC | Materials | 2.4M | $89.9M | 2.7% | -1.3% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 1.4M | $77.9M | 2.4% | +82.6% |
| KGC KINROSS GOLD CORP | Materials | 2.2M | $67.2M | 2.0% | +0.5% |
| B BARRICK MINING CORP | Materials | 1.6M | $65.2M | 2.0% | -33.2% |
| PPTA PERPETUA RESOURCES CORP | Materials | 2.3M | $63.6M | 1.9% | -3.7% |
| AU ANGLOGOLD ASHANTI PLC | Materials | 631.6K | $61.5M | 1.9% | -2.0% |
| VZLA VIZSLA SILVER CORP | Materials | 17.1M | $56.5M | 1.7% | -17.6% |
| FNV FRANCO-NEVADA CORP | Materials | 227.3K | $56.2M | 1.7% | -4.4% |
| IAUX I-80 GOLD CORP | Materials | 35.9M | $54.4M | 1.7% | +2.1% |
| EGO ELDORADO GOLD CORP | Materials | 1.5M | $51.9M | 1.6% | -13.8% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 1.1M | $48.7M | 1.5% | -3.4% |
| XOM EXXON MOBIL CORP | Energy | 250.1K | $42.4M | 1.3% | +2.0% |
| RGLD ROYAL GOLD INC | Financials | 151.1K | $38.5M | 1.2% | -0.6% |
| TFPM TRIPLE FLAG PRECIOUS MET | Financials | 1.0M | $35.6M | 1.1% | -6.4% |
| ELE ELEMENTAL ROYALTY CORP | Materials | 1.9M | $35.4M | 1.1% | +0.3% |
| NUE NUCOR CORP | Industrials | 206.5K | $34.9M | 1.1% | +2.3% |
| HP HELMERICH & PAYNE | Energy | 857.4K | $30.9M | 0.9% | -8.5% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 237.0K | $30.8M | 0.9% | +0.3% |
| SKE SKEENA RESOURCES LTD | Materials | 1.0M | $30.3M | 0.9% | -5.3% |
| VNOM VIPER ENERGY INC-CL A | Energy | 640.9K | $30.1M | 0.9% | +103.1% |
| FHI FEDERATED HERMES INC | Financials | 513.9K | $29.1M | 0.9% | +1.5% |
| CALM CAL-MAINE FOODS INC | Consumer staples | 317.8K | $25.2M | 0.8% | +30.2% |
| EXK ENDEAVOUR SILVER CORP | Materials | 2.7M | $25.0M | 0.8% | +9.2% |
| THM INTL TOWER HILL MINES LTD | Materials | 10.0M | $23.0M | 0.7% | -49.7% |
| CCJ CAMECO CORP | Materials | 205.5K | $22.3M | 0.7% | +5.6% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 42.1K | $20.0M | 0.6% | +24.1% |
| SSRM SSR MINING INC | Financials | 651.4K | $19.2M | 0.6% | -60.6% |
| NEM NEWMONT CORP | Materials | 163.0K | $17.6M | 0.5% | -1.5% |
| STLD STEEL DYNAMICS INC | Industrials | 95.9K | $17.3M | 0.5% | +5.1% |
| RS RELIANCE INC | Consumer discretionary | 53.3K | $16.2M | 0.5% | +12.7% |
| WLK WESTLAKE CORP | Other | 132.6K | $15.5M | 0.5% | -5.3% |
| SLSR SOLARIS RESOURCES INC | Materials | 1.8M | $15.1M | 0.5% | -30.9% |
| NFGC NEW FOUND GOLD CORP | Materials | 7.7M | $15.0M | 0.5% | -3.4% |
| APAM ARTISAN PARTNERS ASSET MA -A | Financials | 362.1K | $13.2M | 0.4% | Held |
| CRUS CIRRUS LOGIC INC | Technology | 88.0K | $12.7M | 0.4% | -7.2% |
| AG FIRST MAJESTIC SILVER CORP | Materials | 569.7K | $12.2M | 0.4% | -8.1% |
| BKE BUCKLE INC/THE | Consumer discretionary | 220.0K | $11.1M | 0.3% | Held |
| MTA METALLA ROYALTY & STREAMING | Materials | 1.6M | $10.6M | 0.3% | +13.0% |
| UEC URANIUM ENERGY CORP | Materials | 749.2K | $10.1M | 0.3% | +14.9% |
| ERO ERO COPPER CORP | Materials | 364.3K | $9.7M | 0.3% | -54.8% |
| THO THOR INDUSTRIES INC | Industrials | 105.0K | $8.4M | 0.3% | +10.5% |
| NXE NEXGEN ENERGY LTD | Materials | 706.9K | $8.2M | 0.2% | +41.0% |
| SLB SLB LTD | Energy | 137.9K | $7.1M | 0.2% | +32.0% |
| MP MP MATERIALS CORP | Materials | 144.0K | $6.9M | 0.2% | +141.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 243 | $3.44B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 221 | $2.96B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 214 | $2.86B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 208 | $2.11B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 195 | $1.84B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 191 | $1.68B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 153 | $1.56B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 138 | $1.35B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 139 | $1.39B | canonical | SEC ↗ |
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