1y return+66.4%S&P 500 +20.9%
3y return+135.3%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2022: $240 against $195 in the S&P 500.2
Aegis Financial CorpS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| CVECenovus Energy Inc | $85.6M | 13.5% | |
| PDSPrecision Drilling Corp | $38.7M | 6.1% | |
| EQXEquinox Gold Corp | $37.7M | 6.0% | |
| HOGHarley Davidson Inc | $33.5M | 5.3% | |
| HNRGHallador Energy Company | $31.5M | 5.0% | |
| RDNRadian Group Inc | $30.8M | 4.9% | +176.9% |
| VETVermilion Energy Inc | $30.5M | 4.8% | +27.3% |
| PBFPbf Energy Inc | $28.2M | 4.5% | |
| RYZRyerson Hldg Corp | $27.5M | 4.3% | |
| GAUGaliano Gold Inc | $26.4M | 4.2% | +120.4% |
| NGSNatural Gas Svcs Group Inc | $25.2M | 4.0% | |
| RLJRlj Lodging Tr | $24.3M | 3.8% | +2.5% |
| ASIXAdvansix Inc | $24.0M | 3.8% | |
| PKPark Hotels & Resorts Inc | $21.7M | 3.4% | New |
| SMSm Energy Company | $20.3M | 3.2% | +41.2% |
| TDWTidewater Inc New | $18.4M | 2.9% | |
| MOSMosaic Co | $18.1M | 2.9% | |
| MHKMohawk Inds Inc | $17.7M | 2.8% | New |
| NOANorth Amern Constr Group Ltd | $13.8M | 2.2% | |
| EFXTEnerflex Ltd | $13.5M | 2.1% | |
| EGOEldorado Gold Corp New | $12.1M | 1.9% | |
| INBKFirst Internet Bancorp | $9.8M | 1.6% | |
| BSETBassett Furniture Inds Inc | $9.8M | 1.5% | +4.4% |
| CLDTChatham Lodging Tr | $9.0M | 1.4% | |
| ASTLAlgoma Stl Group Inc | $7.2M | 1.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NGSNatural Gas Svcs Group Inc | June 30, 2023 | +335.8% | $25.2M |
| EFXTEnerflex Ltd | December 31, 2022 | +288.6% | $13.5M |
| EGOEldorado Gold Corp New | December 31, 2022 | +271.9% | $12.1M |
| EQXEquinox Gold Corp | December 31, 2022 | +196.4% | $37.7M |
| SLVIshares Silver Tr | December 31, 2022 | +142.8% | $473K |
| PBFPbf Energy Inc | June 30, 2025 | +110.1% | $28.2M |
| CLDTChatham Lodging Tr | December 31, 2025 | +94.3% | $9.0M |
| GLDSpdr Gold Tr | December 31, 2023 | +92.7% | $305K |
| HNRGHallador Energy Company | December 31, 2022 | +74.1% | $31.5M |
| WHGWestwood Hldgs Group Inc | December 31, 2022 | +72.1% | $1.9M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −6.4% | +14.8% |
| March 31, 2026 | +20.4% | −4.6% |
| December 31, 2025 | +12.1% | +2.4% |
| September 30, 2025 | +31.8% | +7.8% |
| June 30, 2025 | +9.6% | +10.5% |
| March 31, 2025 | −6.3% | −4.6% |
| December 31, 2024 | +3.8% | +2.1% |
| September 30, 2024 | +11.8% | +5.4% |
| June 30, 2024 | +0.8% | +4.0% |
| March 31, 2024 | +1.5% | +10.0% |
| December 31, 2023 | +1.5% | +11.2% |
| September 30, 2023 | +14.3% | −3.6% |
| June 30, 2023 | −4.7% | +8.3% |
| March 31, 2023 | +7.0% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Aegis Financial Corp Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1140753&type=13F-HR&dateb=&owner=include&count=40CIK 1140753
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1140753/000110465926094352/Filed August 12, 2026 · accession 0001104659-26-094352