Q4 2025 · 13F-HR
Electrum Group LLCholdings as filed
Filed 2026-02-11 · accession 0001565641-26-000004
$1.15B
Reported value
9
Positions
2025-12-31
Period end
The Brief · Electrum Group LLC · Q4 2025
AI · grounded in 13F
Electrum Group LLC established a new position in NOVAGOLD RES INC NG valued at $865.9M. The fund also initiated stakes in TRILOGY METALS INC NEW TMQ for $136.2M and INTERNATIONAL TOWER HILL MIN THM for $53.5M. Other new additions include AMPLIFY ETF TR SILJ and GLOBAL X FDS SIL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 66987E206 | NG | NOVAGOLD RES INC | $865.9M | 75.5% | 92,902,813 | Common | SOLE |
| 89621C105 | TMQ | TRILOGY METALS INC NEW | $136.2M | 11.9% | 31,604,741 | Common | SOLE |
| 46050R102 | THM | INTERNATIONAL TOWER HILL MIN | $53.5M | 4.66% | 28,765,672 | Common | SOLE |
| 032108649 | SILJ | AMPLIFY ETF TR | $29.1M | 2.54% | 1,052,615 | Common | SOLE |
| 37954Y848 | SIL | GLOBAL X FDS | $28.6M | 2.49% | 342,009 | Common | SOLE |
| 422704106 | HL | HECLA MNG CO | $12.6M | 1.10% | 655,251 | Common | SOLE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $11.2M | 0.98% | 216,130 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $8.6M | 0.75% | 481,315 | Common | SOLE |
| 46655E118 | DC | DAKOTA GOLD CORP | $1.3M | 0.11% | 360,755 | CALL | 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.