1y return+24.6%S&P 500 +20.9%
3y return+36.0%S&P 500 +68.5%
5y return+47.9%S&P 500 +74.5%
10y return+118.7%S&P 500 +256.5%
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 June 30, 2016: $219 against $357 in the S&P 500.2
Foundation Resource Management IncS&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 |
|---|---|---|---|
| XOMExxon Mobil | $57.5M | 6.7% | New |
| TECKTeck Resources Ltd Cl B | $52.9M | 6.2% | −2.5% |
| BRK/BBerkshire Hathaway Cl B | $47.7M | 5.6% | −1.6% |
| NEMNewmont Goldcorp | $46.7M | 5.4% | |
| CVXChevron | $39.2M | 4.6% | |
| DGDollar General Corp | $33.0M | 3.8% | +1.0% |
| COPConocophillips | $29.8M | 3.5% | |
| ADBEAdobe Sys | $27.5M | 3.2% | +70.8% |
| AEMAgnico Eagle Mines Ltd | $27.3M | 3.2% | |
| VZVerizon Communications Inc Com | $27.3M | 3.2% | |
| MRKMerck And Co. Inc. | $26.0M | 3.0% | |
| HPQHp Inc | $24.3M | 2.8% | |
| PFEPfizer Inc Com | $22.5M | 2.6% | |
| ABEVAmbev Sa Spon Adr | $22.2M | 2.6% | |
| FHIFederated Hermes, Inc | $21.0M | 2.4% | −1.8% |
| DEODiageo PLC New | $19.4M | 2.3% | |
| BENFranklin Resources Inc Com | $19.4M | 2.3% | |
| PKEPark Aerospace Corp | $19.2M | 2.2% | |
| INTCIntel Corp. | $18.7M | 2.2% | −70.8% |
| CMCSAComcast | $16.8M | 1.9% | +1.6% |
| LKQLkq Corp | $15.9M | 1.8% | |
| PBTPermian Basin Royalty Trust | $15.7M | 1.8% | |
| MOSMosaic | $14.7M | 1.7% | +1.6% |
| BBarrick Gold Corp | $14.2M | 1.7% | |
| LLoews | $14.2M | 1.7% | −1.8% |
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 |
|---|---|---|---|
| PBTPermian Basin Royalty Trust | June 30, 2020 | +658.9% | $15.7M |
| TECKTeck Resources Ltd Cl B | June 30, 2020 | +470.6% | $52.9M |
| FCXFreeport-mcmoran Inc. | June 30, 2020 | +443.6% | $13.0M |
| CVECenovus Energy, Inc. | June 30, 2020 | +431.3% | $12.6M |
| Tsakos Energy Navigation LtdCUSIP G9108L173 | September 30, 2020 | +346.6% | $11.9M |
| LLoews | June 30, 2020 | +230.1% | $14.2M |
| AEMAgnico Eagle Mines Ltd | December 31, 2021 | +191.9% | $27.3M |
| BRK/BBerkshire Hathaway Cl B | June 30, 2020 | +180.3% | $47.7M |
| COPConocophillips | June 30, 2020 | +147.4% | $29.8M |
| PKEPark Aerospace Corp | September 30, 2023 | +145.7% | $19.2M |
Sold off last quarter
- Exxon MobilCUSIP 30231G102 was $71.6M
- MURMurphy Oil Corp was $250K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −5.8% | +14.8% |
| March 31, 2026 | +14.1% | −4.6% |
| December 31, 2025 | +4.5% | +2.4% |
| September 30, 2025 | +10.9% | +7.8% |
| June 30, 2025 | +4.2% | +10.5% |
| March 31, 2025 | +7.7% | −4.6% |
| December 31, 2024 | −8.4% | +2.1% |
| September 30, 2024 | +4.5% | +5.4% |
| June 30, 2024 | −3.3% | +4.0% |
| March 31, 2024 | +3.5% | +10.0% |
| December 31, 2023 | +1.7% | +11.2% |
| September 30, 2023 | −0.3% | −3.6% |
| June 30, 2023 | −2.1% | +8.3% |
| March 31, 2023 | −1.5% | +7.0% |
| December 31, 2022 | +13.9% | +7.1% |
| September 30, 2022 | −8.8% | −5.3% |
| June 30, 2022 | −14.8% | −16.5% |
| March 31, 2022 | +17.8% | −4.9% |
| December 31, 2021 | +10.1% | +10.7% |
| September 30, 2021 | −1.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Foundation Resource Management Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1179232&type=13F-HR&dateb=&owner=include&count=40CIK 1179232
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1179232/000117923226000006/Filed July 21, 2026 · accession 0001179232-26-000006