AEGIS FINANCIAL CORP
Sector Allocation
- Energy39.0%$246.8M
- Materials20.2%$127.8M
- Consumer Discretionary12.1%$76.7M
- Industrials10.6%$66.9M
- Financials7.5%$47.7M
- Real Estate5.3%$33.3M
- Utilities5.0%$31.5M
- Consumer Staples0.4%$2.4M
- Other0.0%$127,800
AUM History
13fpro.ai/research/fund/aegis-financial-corp-1140753
Conviction and streaks
Diversifying · top 10 = 58.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
CVE
$85.6MPDS
$38.7MEQX
$37.7MHOG
$33.5MHNRG
$31.5MRDN
$30.8MVET
$30.5MPBF
$28.2MRYZ
$27.5MGAU
$26.4MNGS
$25.2MRLJ
$24.3MASIX
$24.0MPK
$21.7MSM
$20.3MTDW
$18.4MMOS
$18.1MMHK
$17.7MNOA
$13.8MEFXT
$13.5M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/aegis-financial-corp-1140753
AEGIS FINANCIAL CORP 13F holdings — Q2 2026
$633.2M portfolio (+9.1% QoQ) · 39 holdings · Q2 2026 13F · top 10 are 59% of the stock portfolio
$85.6M
13.5% of stocks
No changeThis quarter+10.0%Since filed4 qtrsHeld$38.7M
6.1% of stocks
No changeThis quarter+17.9%Since filed10+ qtrsHeld$37.7M
6.0% of stocks
-0.3%This quarter-12.8%Since filed10+ qtrsHeld$33.5M
5.3% of stocks
No changeThis quarter+11.1%Since filed2 qtrsHeld$31.5M
5.0% of stocks
-0.1%This quarter-30.3%Since filed10+ qtrsHeld$30.8M
4.9% of stocks
+177%This quarter-1.9%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$30.5M
4.8% of stocks
+27%This quarter+24.8%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 5 qtrs in a row$28.2M
4.5% of stocks
No changeThis quarter+14.5%Since filed5 qtrsHeld$27.5M
4.3% of stocks
No changeThis quarter-2.7%Since filed3 qtrsHeld$26.4M
4.2% of stocks
+120%This quarter-4.8%Since filed8 qtrsHeld
All holdings — AEGIS FINANCIAL CORP (Q2 2026)
39 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | NATURAL GAS SERVICES GROUP INC | Energy | $25.2M | 4.0% | 585K | -0.4% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | RLJ Lodging Trust | Real Estate | $24.3M | 3.8% | 2.05M | +3% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | AdvanSix Inc. | Materials | $24.0M | 3.8% | 1.21M | — | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Park Hotels & Resorts Inc. | Consumer Discretionary | $21.7M | 3.4% | 1.53M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | SM Energy Co | Energy | $20.3M | 3.2% | 779K | +41% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | TIDEWATER INC | Industrials | $18.4M | 2.9% | 277K | — | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | MOSAIC CO | Materials | $18.1M | 2.9% | 854K | — | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | MOHAWK INDUSTRIES INC | Consumer Discretionary | $17.7M | 2.8% | 146K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | North American Construction Group Ltd. | Energy | $13.8M | 2.2% | 1.04M | — | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Enerflex Ltd. | Industrials | $13.5M | 2.1% | 551K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ELDORADO GOLD CORP /FI | Materials | $12.1M | 1.9% | 388K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | First Internet Bancorp | Financials | $9.8M | 1.6% | 354K | — | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | BASSETT FURNITURE INDUSTRIES INC | Consumer Discretionary | $9.8M | 1.5% | 550K | +4% | 10+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Chatham Lodging Trust | Real Estate | $9.0M | 1.4% | 679K | — | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Algoma Steel Group Inc. | Materials | $7.2M | 1.1% | 1.79M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $GFR | Greenfire Resources Ltd. | Energy | $4.4M | 0.7% | 778K | +86% | |||
| 27 | $VLGEA | VILLAGE SUPER MARKET INC | Consumer Staples | $2.4M | 0.4% | 56K | — | |||
| 28 | $ACTG | ACACIA RESEARCH CORP | Financials | $2.3M | 0.4% | 491K | — | |||
| 29 | $WHG | WESTWOOD HOLDINGS GROUP INC | Financials | $1.9M | 0.3% | 100K | — | |||
| 30 | $HNNA | HENNESSY ADVISORS INC | Financials | $1.7M | 0.3% | 171K | +21% | |||
| 31 | $IAUX | i-80 Gold Corp. | Materials | $1.6M | 0.3% | 1.13M | — | |||
| 32 | $ASC | Ardmore Shipping Corp | Industrials | $1.3M | 0.2% | 90K | — | |||
| 33 | $XPL | SOLITARIO RESOURCES CORP. | Materials | $476K | 0.1% | 632K | — | |||
| 34 | $SLV | iShares Silver Trust | Financials | $473K | 0.1% | 8,842 | — | |||
| 35 | $GLD | SPDR GOLD TRUST | Financials | $305K | 0.1% | 828 | — | |||
| 36 | $CEF | Sprott Physical Gold & Silver Trust | Financials | $301K | 0.1% | 7,474 | — | |||
| 37 | $WFG | WEST FRASER TIMBER CO., LTD | Industrials | $213K | 0.0% | 3,142 | — | |||
| 38 | $MERC | MERCER INTERNATIONAL INC. | Materials | $204K | 0.0% | 309K | — | |||
| 39 | — | DAKOTA GOLD CORP - COM | — | $128K | 0.0% | 30K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 2 new, 8 added to, 3 trimmed, 0 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
Added to (8)
now $30.8M · held 2 qtrs, 2 adds in a row
now $26.4M · held 8 qtrs
now $30.5M · held 10+ qtrs, 5 adds in a row
now $20.3M · held 2 qtrs, 2 adds in a row
$GFRGreenfire Resources Ltd.+86%
now $4.4M · held 3 qtrs, 3 adds in a row
now $24.3M · held 3 qtrs, 3 adds in a row
+2 more in the Excel export
Trimmed (3)
Sold out (0)
No positions sold out this quarter.
Holdings by quarter
Every 13F AEGIS FINANCIAL CORP has filed, 36 earlier quarters. Pick one to see what it held then.
Is it too late to follow AEGIS FINANCIAL?
Q2 2026 13F filed with the SEC on Aug 12, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of AEGIS FINANCIAL's top 20 holdings: 51/100 (our AI quality score, weighted by position size; 14 of the 20 are scored)
Top 10 since filing
+3.7%
Value-weighted move of the 10 largest stock positions
Turnover
0%
Last quarter; 8% over the last 4
Top 10 weight
59%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
61%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
AEGIS FINANCIAL CORP disclosed 39 positions worth $633.2M in its Form 13F-HR for Q2 2026, led by $CVE (CENOVUS ENERGY INC.) at 13.5% of the equity portfolio, followed by $PDS and $EQX. During the quarter the fund opened 2 new positions and exited 0 — including a new stake in $PK. The portfolio is most concentrated in Energy (39.0% of disclosed assets). All figures are sourced directly from AEGIS FINANCIAL CORP’s Form 13F-HR filing with the SEC under CIK 1140753.
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AI-Powered Hedge Fund Analysis: AEGIS FINANCIAL CORP
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Every holding in AEGIS FINANCIAL CORP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.