Q3 2025 · 13F-HR
AEGIS FINANCIAL CORPholdings as filed
Filed 2025-11-12 · accession 0001104659-25-109773
$261.3M
Reported value
26
Positions
2025-09-30
Period end
The Brief · AEGIS FINANCIAL CORP · Q3 2025
AI · grounded in 13F
AEGIS FINANCIAL CORP established a new position in Equinox Gold Corp EQX valued at $53.99M. The fund also initiated new stakes in Hallador Energy Company HNRG for $39.36M and Precision Drilling Corp PDS for $25.49M. Other new additions include Natural Gas Svcs Group Inc NGS and PBF Energy Inc PBF.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 29446Y502 | EQX | EQUINOX GOLD CORP | $54.0M | 20.7% | 4,817,923 | Common | SOLE |
| 40609P105 | HNRG | HALLADOR ENERGY COMPANY | $39.4M | 15.1% | 2,010,994 | Common | SOLE |
| 74022D407 | PDS | PRECISION DRILLING CORP | $25.5M | 9.75% | 452,359 | Common | SOLE |
| 63886Q109 | NGS | NATURAL GAS SVCS GROUP INC | $18.8M | 7.19% | 671,112 | Common | SOLE |
| 69318G106 | PBF | PBF ENERGY INC | $18.7M | 7.16% | 620,460 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $15.6M | 5.98% | 920,500 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER INC NEW | $14.7M | 5.64% | 276,529 | Common | SOLE |
| 36352H100 | GAU | GALIANO GOLD INC | $14.5M | 5.55% | 6,659,321 | Common | SOLE |
| 656811106 | NOA | NORTH AMERN CONSTR GROUP LTD | $12.0M | 4.58% | 841,934 | Common | SOLE |
| 284902509 | EGO | ELDORADO GOLD CORP NEW | $11.9M | 4.56% | 412,779 | Common | SOLE |
| 070203104 | BSET | BASSETT FURNITURE INDS INC | $7.4M | 2.85% | 476,119 | Common | SOLE |
| 923725105 | VET | VERMILION ENERGY INC | $6.8M | 2.60% | 870,492 | Common | SOLE |
| 015658107 | ASTL | ALGOMA STL GROUP INC | $6.3M | 2.43% | 1,786,122 | Common | SOLE |
| 29269R105 | EFXT | ENERFLEX LTD | $5.9M | 2.28% | 551,151 | Common | SOLE |
| 961765104 | WHG | WESTWOOD HLDGS GROUP INC | $1.6M | 0.63% | 99,926 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $1.5M | 0.57% | 35,383 | Common | SOLE |
| 425885100 | HNNA | HENNESSY ADVISORS INC | $1.5M | 0.57% | 141,353 | Common | SOLE |
| 44955L106 | IAUX | I-80 GOLD CORP | $1.1M | 0.41% | 1,126,349 | Common | SOLE |
| Y0207T100 | ASC | ARDMORE SHIPPING CORP | $1.1M | 0.41% | 89,612 | Common | SOLE |
| 588056101 | MERC | MERCER INTL INC | $889,940 | 0.34% | 309,007 | Common | SOLE |
| 602566309 | MIND | MIND TECHNOLOGY INC | $643,737 | 0.25% | 79,572 | Common | SOLE |
| 8342EP107 | XPL | SOLITARIO RESOURCES CORP | $441,456 | 0.17% | 632,458 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $294,329 | 0.11% | 828 | Common | SOLE |
| 85208R101 | CEF | SPROTT ASSET MANAGEMENT LP | $274,221 | 0.10% | 7,474 | Common | SOLE |
| 952845105 | WFG | WEST FRASER TIMBER CO LTD | $213,675 | 0.08% | 3,142 | Common | SOLE |
| 46655E100 | DC | DAKOTA GOLD CORP | $136,500 | 0.05% | 30,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.