Aegis Financial
Scott BarbeeMC LEAN, VAfiles as AEGIS FINANCIAL CORP
$633m in 39 US stocks at the end of 30 June 2026. The top 10 are 58.5% of the money. It changed about 14.6% of the portfolio this quarter.
Value
$633m
Stocks
39
Top 10 share
58.5%
Turnover
14.6%
What changed this quarter
New
Bought for the first time this quarter.
- Park Hotels & ResortsPK3.4% of the fund
- Mohawk IndustriesMHK2.8% of the fund
Added
Bought more of a stock they already held.
- Radian GroupRDN4.9% of the fund+177%
- Vermilion EnergyVET4.8% of the fund+27%
- Galiano GoldGAU4.2% of the fund+120%
- RLJ Lodging TrustRLJ3.8% of the fund+3%
- SM EnergySM3.2% of the fund+41%
- Bassett Furniture IndustriesBSET1.5% of the fund+4%
- Greenfire ResourcesGFR0.7% of the fund+86%
- Hennessy AdvisorsHNNA0.3% of the fund+21%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Cenovus EnergyCVE
- Share
- 13.5%
- Value
- $86m
- Shares
- 3,451,821
Held
- Precision DrillingPDS
- Share
- 6.1%
- Value
- $39m
- Shares
- 504,059
Held
- Equinox GoldEQX
- Share
- 6.0%
- Value
- $38m
- Shares
- 3,870,237
Held
- Vermilion EnergyVET
- Share
- 4.8%
- Value
- $30m
- Shares
- 3,260,428
+27%
- Galiano GoldGAU
- Share
- 4.2%
- Value
- $26m
- Shares
- 14,125,317
+120%
- North American Construction GroupNOA
- Share
- 2.2%
- Value
- $14m
- Shares
- 1,038,177
Held
- EnerflexEFXT
- Share
- 2.1%
- Value
- $14m
- Shares
- 551,151
Held
- Eldorado GoldEGO
- Share
- 1.9%
- Value
- $12m
- Shares
- 387,779
Held
- Algoma Steel GroupASTL
- Share
- 1.1%
- Value
- $7m
- Shares
- 1,786,122
Held
- Greenfire ResourcesGFR
- Share
- 0.7%
- Value
- $4m
- Shares
- 777,716
+86%
- Ishares Silver TRSLV
- Share
- <0.1%
- Value
- $472,782
- Shares
- 8,842
Held
- Spdr Gold TRGLD
- Share
- <0.1%
- Value
- $305,019
- Shares
- 828
Held
- Sprott Asset Management LPCEF
- Share
- <0.1%
- Value
- $300,679
- Shares
- 7,474
Held
- West Fraser TimberWFG
- Share
- <0.1%
- Value
- $212,649
- Shares
- 3,142
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Cenovus EnergyCVE | 13.5% | $86m | 3,451,821 | Held |
| Precision DrillingPDS | 6.1% | $39m | 504,059 | Held |
| Equinox GoldEQX | 6.0% | $38m | 3,870,237 | Held |
| Harley-DavidsonHOG | 5.3% | $33m | 1,369,000 | Held |
| Hallador EnergyHNRG | 5.0% | $32m | 1,812,026 | Held |
| Radian GroupRDN | 4.9% | $31m | 817,512 | +177% |
| Vermilion EnergyVET | 4.8% | $30m | 3,260,428 | +27% |
| PBF EnergyPBF | 4.5% | $28m | 620,289 | Held |
| Ryerson HoldingRYZ | 4.3% | $27m | 1,116,978 | Held |
| Galiano GoldGAU | 4.2% | $26m | 14,125,317 | +120% |
| Natural Gas Services GroupNGS | 4.0% | $25m | 584,872 | Held |
| RLJ Lodging TrustRLJ | 3.8% | $24m | 2,049,425 | +3% |
| AdvanSixASIX | 3.8% | $24m | 1,209,629 | Held |
| Park Hotels & ResortsPK | 3.4% | $22m | 1,525,283 | New |
| SM EnergySM | 3.2% | $20m | 778,851 | +41% |
| TidewaterTDW | 2.9% | $18m | 276,529 | Held |
| MosaicMOS | 2.9% | $18m | 853,638 | Held |
| Mohawk IndustriesMHK | 2.8% | $18m | 146,295 | New |
| North American Construction GroupNOA | 2.2% | $14m | 1,038,177 | Held |
| EnerflexEFXT | 2.1% | $14m | 551,151 | Held |
| Eldorado GoldEGO | 1.9% | $12m | 387,779 | Held |
| First Internet BancorpINBK | 1.6% | $10m | 354,261 | Held |
| Bassett Furniture IndustriesBSET | 1.5% | $10m | 550,413 | +4% |
| Chatham Lodging TrustCLDT | 1.4% | $9m | 678,530 | Held |
| Algoma Steel GroupASTL | 1.1% | $7m | 1,786,122 | Held |
| Greenfire ResourcesGFR | 0.7% | $4m | 777,716 | +86% |
| Village Super MarketVLGEA | 0.4% | $2m | 55,733 | Held |
| Acacia ResearchACTG | 0.4% | $2m | 491,086 | Held |
| Westwood Holdings GroupWHG | 0.3% | $2m | 99,926 | Held |
| Hennessy AdvisorsHNNA | 0.3% | $2m | 170,768 | +21% |
| i-80 GoldIAUX | 0.3% | $2m | 1,126,349 | Held |
| Ardmore ShippingASC | 0.2% | $1m | 89,612 | Held |
| Solitario ResourcesXPL | <0.1% | $475,861 | 632,458 | Held |
| Ishares Silver TRSLV | <0.1% | $472,782 | 8,842 | Held |
| Spdr Gold TRGLD | <0.1% | $305,019 | 828 | Held |
| Sprott Asset Management LPCEF | <0.1% | $300,679 | 7,474 | Held |
| West Fraser TimberWFG | <0.1% | $212,649 | 3,142 | Held |
| Mercer InternationalMERC | <0.1% | $203,892 | 308,927 | Held |
| Dakota GoldDC | <0.1% | $127,800 | 30,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 272.8% since 30 June 2025.
Where the money is
Energy39.0%
Materials20.2%
Retail & consumer9.6%
Industrials9.6%
Real estate8.7%
Financial services7.4%
Utilities5.0%
Everyday goods0.4%
Other0.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.