FOUNDATION RESOURCE MANAGEMENT INC
Sector Allocation
- Energy22.4%$210.6M
- Materials22.0%$206.8M
- Financials13.0%$122.4M
- Healthcare10.6%$99.3M
- Consumer Staples9.7%$91.0M
- Technology8.8%$82.8M
- Communication Services5.6%$52.7M
- Industrials4.9%$46.0M
- Consumer Discretionary2.0%$18.7M
- Real Estate0.9%$8.4M
AUM History
13fpro.ai/research/fund/foundation-resource-management-inc-1179232
Conviction and streaks
Concentrating · top 10 = 47.1%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 — Q3 2026
XOM.R34088
$68.1MNEM
$56.7MTECK
$55.4MCVX
$47.8MBRK.B
$46.7MCOP
$35.2MHPQ
$34.1MDG
$34.0MAEM
$32.0MADBE
$31.9MVZ
$29.4MMRK
$29.4MPFE
$26.8MCCZ
$23.3MFHI
$20.6MABEV
$20.6MDEO
$20.5MPBT
$18.8MLKQ
$18.7MBEN
$18.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/foundation-resource-management-inc-1179232
FOUNDATION RESOURCE MANAGEMENT INC 13F holdings — Q3 2026
$938.7M portfolio (+9.2% QoQ) · 56 holdings · Q3 2026 13F · top 10 are 47% of the stock portfolio
$68.1M
7.3% of stocks
-0.6%This quarter—Since filed11+ qtrsHeld$56.7M
6.0% of stocks
-2%This quarter-6.5%Since filed11+ qtrsHeld$55.4M
5.9% of stocks
-5%This quarter-5.1%Since filed11+ qtrsHeld$47.8M
5.1% of stocks
-0.9%This quarter+3.4%Since filed11+ qtrsHeld$46.7M
5.0% of stocks
-2%This quarter—Since filed11+ qtrsHeldAIQuality73.5#124Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$35.2M
3.8% of stocks
-2%This quarter+4.2%Since filed11+ qtrsHeld$34.1M
3.6% of stocks
-2%This quarter+12.7%Since filed11+ qtrsHeld$34.0M
3.6% of stocks
-0.7%This quarter-3.6%Since filed9 qtrsHeld$32.0M
3.4% of stocks
-0.7%This quarter-6.3%Since filed11+ qtrsHeld$31.9M
3.4% of stocks
-0.7%This quarter+4.7%Since filed3 qtrsHeld
All holdings — FOUNDATION RESOURCE MANAGEMENT INC (Q3 2026)
56 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 | VERIZON COMMUNICATIONS INC | Communication Services | $29.4M | 3.1% | 641K | -0.5% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Merck & Co., Inc. | Healthcare | $29.4M | 3.1% | 202K | -0.3% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | PFIZER INC | Healthcare | $26.8M | 2.9% | 939K | +0.3% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | COMCAST CORP | Communication Services | $23.3M | 2.5% | 1.07M | +57% | 6 qtrsAdded 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | FEDERATED HERMES, INC. | Financials | $20.6M | 2.2% | 366K | -4% | 11+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | AMBEV S.A.adr | Consumer Staples | $20.6M | 2.2% | 7.05M | -0.5% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | DIAGEO PLC | Consumer Staples | $20.5M | 2.2% | 239K | -1% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | PERMIAN BASIN ROYALTY TRUST | Financials | $18.8M | 2.0% | 596K | -5% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | LKQ CORP | Consumer Discretionary | $18.7M | 2.0% | 817K | +35% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | FRANKLIN TEMPLETON INC | Financials | $18.4M | 2.0% | 572K | -2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | CENOVUS ENERGY INC. | Energy | $15.7M | 1.7% | 504K | -0.6% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | INTEL CORP | Technology | $15.6M | 1.7% | 130K | -3% | 11+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | BARRICK MINING CORP | Materials | $15.4M | 1.6% | 378K | -2% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Phillips 66 | Energy | $15.4M | 1.6% | 60K | -2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | MOSAIC CO | Materials | $15.3M | 1.6% | 705K | +1% | 11+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $TEN | TSAKOS ENERGY NAVIGATION LTD | Industrials | $14.9M | 1.6% | 316K | -6% | |||
| 27 | $GILD | GILEAD SCIENCES, INC. | Healthcare | $14.7M | 1.6% | 98K | -4% | |||
| 28 | $PKE | PARK AEROSPACE CORP | Industrials | $14.6M | 1.6% | 492K | -2% | |||
| 29 | $FCX | FREEPORT-MCMORAN INC | Materials | $14.0M | 1.5% | 200K | -3% | |||
| 30 | $NTR | Nutrien Ltd. | Materials | $13.4M | 1.4% | 190K | +1% | |||
| 31 | $L | LOEWS CORP | Financials | $12.7M | 1.4% | 122K | -3% | |||
| 32 | $APA | APA Corp | Energy | $11.5M | 1.2% | 277K | +5% | |||
| 33 | $SNY | Sanofi | Healthcare | $11.3M | 1.2% | 274K | -0.3% | |||
| 34 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $10.9M | 1.2% | 175K | +2% | |||
| 35 | $CNH | CNH Industrial N.V. | Industrials | $8.7M | 0.9% | 679K | -0.8% | |||
| 36 | $TRC | TEJON RANCH CO | Real Estate | $8.4M | 0.9% | 515K | +0.2% | |||
| 37 | $KHC | Kraft Heinz Co | Consumer Staples | $7.4M | 0.8% | 327K | +0.2% | |||
| 38 | $BLDR | Builders FirstSource, Inc. | Industrials | $7.3M | 0.8% | 129K | -9% | |||
| 39 | $DVN | DEVON ENERGY CORP/DE | Energy | $7.3M | 0.8% | 158K | +4% | |||
| 40 | $CPB | CAMPBELL'S Co | Consumer Staples | $6.6M | 0.7% | 334K | -8% | |||
| 41 | $NVO | NOVO NORDISK A S | Healthcare | $6.0M | 0.6% | 159K | -10% | |||
| 42 | $OVV | Ovintiv Inc. | Energy | $6.0M | 0.6% | 104K | -0.3% | |||
| 43 | $CCJ | CAMECO CORP | Materials | $4.7M | 0.5% | 54K | -3% | |||
| 44 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $3.7M | 0.4% | 5 | — | |||
| 45 | $MPC | Marathon Petroleum Corp | Energy | $1.9M | 0.2% | 4,779 | -3% | |||
| 46 | $WMT | Walmart Inc. | Consumer Staples | $1.9M | 0.2% | 18K | — | |||
| 47 | $IMO | IMPERIAL OIL LTD | Energy | $855K | 0.1% | 6,945 | — | |||
| 48 | $EAF | GRAFTECH INTERNATIONAL LTD | Technology | $852K | 0.1% | 103K | -3% | |||
| 49 | $TRV | TRAVELERS COMPANIES, INC. | Financials | $825K | 0.1% | 2,315 | — | |||
| 50 | $RIG | Transocean Ltd. | Energy | $726K | 0.1% | 139K | -18% | |||
| 51 | $CB | Chubb Ltd | Financials | $692K | 0.1% | 2,129 | — | |||
| 52 | $RTX | RTX Corp | Industrials | $391K | 0.0% | 2,108 | — | |||
| 53 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $321K | 0.0% | 1,459 | -6% | |||
| 54 | $JNJ | JOHNSON & JOHNSON | Healthcare | $315K | 0.0% | 1,190 | -2% | |||
| 55 | $MUR | MURPHY OIL CORP | Energy | $224K | 0.0% | 6,050 | New | |||
| 56 | $SJT | SAN JUAN BASIN ROYALTY TRUST | Financials | $53K | 0.0% | 15K | — |
What changed in Q3 2026
Against the previous quarter's 13F: 1 new, 10 added to, 38 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (1)
$MURMURPHY OIL CORP$224K
first bought this quarter
Added to (10)
now $23.3M · held 6 qtrs, 6 adds in a row
now $18.7M · held 5 qtrs
$APAAPA Corp+5%
now $11.5M · held 11+ qtrs
$DVNDEVON ENERGY CORP/DE+4%
now $7.3M · held 11+ qtrs, 10 adds in a row
$MOSMOSAIC CO+1%
now $15.3M · held 11+ qtrs, 4 adds in a row
$BMYBRISTOL MYERS SQUIBB CO+2%
now $10.9M · held 10 qtrs, 4 adds in a row
+4 more in the Excel export
Trimmed (38)
now $55.4M · held 11+ qtrs, 2 trims in a row
now $18.8M · held 11+ qtrs
$TENTSAKOS ENERGY NAVIGATION LTD-6%
now $14.9M · held 11+ qtrs, 3 trims in a row
now $56.7M · held 11+ qtrs
now $46.7M · held 11+ qtrs, 2 trims in a row
now $20.6M · held 11+ qtrs, 3 trims in a row
+32 more in the Excel export
Sold out (1)
$MUSAMurphy USA Inc.was $202K
held 1 qtr
Holdings by quarter
Every 13F FOUNDATION RESOURCE MANAGEMENT INC has filed, 41 earlier quarters. Pick one to see what it held then.
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Q3 2026 13F filed with the SEC on Oct 19, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of FOUNDATION RESOURCE MANAGEMENT's top 20 holdings: 65/100 (our AI quality score, weighted by position size; 15 of the 20 are scored)
Top 10 since filing
-0.2%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter; 9% over the last 4
Top 10 weight
47%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
95%
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
FOUNDATION RESOURCE MANAGEMENT INC disclosed 56 positions worth $938.7M in its Form 13F-HR for Q3 2026, led by $XOM.R34088 (EXXON MOBIL CORP) at 7.3% of the equity portfolio, followed by $NEM and $TECK. During the quarter the fund opened 1 new position and exited 1 — including a new stake in $MUR and a full exit from $MUSA. The portfolio is most concentrated in Energy (22.4% of disclosed assets). All figures are sourced directly from FOUNDATION RESOURCE MANAGEMENT INC’s Form 13F-HR filing with the SEC under CIK 1179232.
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