Q4 2025 · 13F-HR
AEGIS FINANCIAL CORPholdings as filed
Filed 2026-02-12 · accession 0001104659-26-013708
$419.3M
Reported value
33
Positions
2025-12-31
Period end
The Brief · AEGIS FINANCIAL CORP · Q4 2025
AI · grounded in 13F
AEGIS FINANCIAL CORP established a new position in ASIX with an investment of $20.9M. The fund also opened new stakes in MOS for $20.6M and RYZ for $17.8M. Additionally, the fund increased its holding in CVE by 275.2% and closed its position in MIND, reducing exposure by $643,737.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 29446Y502 | EQX | EQUINOX GOLD CORP | $63.0M | 15.0% | 4,474,089 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $58.4M | 13.9% | 3,454,121 | Common | SOLE |
| 74022D407 | PDS | PRECISION DRILLING CORP | $36.2M | 8.64% | 504,059 | Common | SOLE |
| 40609P105 | HNRG | HALLADOR ENERGY COMPANY | $34.5M | 8.24% | 1,814,026 | Common | SOLE |
| 63886Q109 | NGS | NATURAL GAS SVCS GROUP INC | $22.6M | 5.39% | 671,112 | Common | SOLE |
| 00773T101 | ASIX | ADVANSIX INC | $20.9M | 4.99% | 1,209,629 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO NEW | $20.6M | 4.90% | 853,638 | Common | SOLE |
| 783754104 | RYZ | RYERSON HLDG CORP | $17.8M | 4.24% | 707,390 | Common | SOLE |
| 69318G106 | PBF | PBF ENERGY INC | $16.8M | 4.01% | 620,289 | Common | SOLE |
| 36352H100 | GAU | GALIANO GOLD INC | $16.3M | 3.89% | 6,409,321 | Common | SOLE |
| 656811106 | NOA | NORTH AMERN CONSTR GROUP LTD | $15.0M | 3.57% | 1,038,177 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER INC NEW | $14.0M | 3.33% | 276,529 | Common | SOLE |
| 284902509 | EGO | ELDORADO GOLD CORP NEW | $13.9M | 3.32% | 387,779 | Common | SOLE |
| 923725105 | VET | VERMILION ENERGY INC | $11.0M | 2.62% | 1,320,492 | Common | SOLE |
| 74965L101 | RLJ | RLJ LODGING TR | $9.5M | 2.26% | 1,271,817 | Common | SOLE |
| 29269R105 | EFXT | ENERFLEX LTD | $8.5M | 2.03% | 551,151 | Common | SOLE |
| 070203104 | BSET | BASSETT FURNITURE INDS INC | $8.4M | 2.00% | 501,119 | Common | SOLE |
| 015658107 | ASTL | ALGOMA STL GROUP INC | $7.3M | 1.75% | 1,786,122 | Common | SOLE |
| 320557101 | INBK | FIRST INTERNET BANCORP | $5.2M | 1.25% | 250,320 | Common | SOLE |
| 16208T102 | CLDT | CHATHAM LODGING TR | $4.6M | 1.10% | 678,530 | Common | SOLE |
| 68162K106 | ZEUS | OLYMPIC STEEL INC | $3.1M | 0.75% | 73,515 | Common | SOLE |
| 927107409 | VLGEA | VILLAGE SUPER MKT INC | $2.0M | 0.47% | 55,733 | Common | SOLE |
| 961765104 | WHG | WESTWOOD HLDGS GROUP INC | $1.7M | 0.41% | 99,926 | Common | SOLE |
| 44955L106 | IAUX | I-80 GOLD CORP | $1.7M | 0.40% | 1,126,349 | Common | SOLE |
| 425885100 | HNNA | HENNESSY ADVISORS INC | $1.4M | 0.32% | 141,353 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $1.1M | 0.27% | 17,698 | Common | SOLE |
| Y0207T100 | ASC | ARDMORE SHIPPING CORP | $948,991 | 0.23% | 89,612 | Common | SOLE |
| 39525U107 | GFR | GREENFIRE RES LTD NEW | $852,664 | 0.20% | 179,131 | Common | SOLE |
| 588056101 | MERC | MERCER INTL INC | $611,675 | 0.15% | 308,927 | Common | SOLE |
| 8342EP107 | XPL | SOLITARIO RESOURCES CORP | $440,697 | 0.11% | 632,458 | Common | SOLE |
| 85208R101 | CEF | SPROTT ASSET MANAGEMENT LP | $342,309 | 0.08% | 7,474 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $328,145 | 0.08% | 828 | Common | SOLE |
| 46655E100 | DC | DAKOTA GOLD CORP | $170,400 | 0.04% | 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.