Global Strategic Management
SAN JUAN, PRfiles as GLOBAL STRATEGIC MANAGEMENT INC
$130m in 26 US stocks at the end of 30 June 2026. The top 10 are 83.4% of the money. It changed about 21.1% of the portfolio this quarter.
Value
$130m
Stocks
26
Top 10 share
83.4%
Turnover
21.1%
What changed this quarter
New
Bought for the first time this quarter.
- AngloGold AshantiAU2.2% of the fund
- Dorchester Minerals L PDMLP0.5% of the fund
Added
Bought more of a stock they already held.
- B2goldBTG18.0% of the fund+1039%
- Metalla Royalty & StreamingMTA15.1% of the fund+11%
- Agnico Eagle MinesAEM8.5% of the fund+5%
- Fortuna MiningFSM6.5% of the fund+2%
- Royal GoldRGLD3.7% of the fund+7%
- Ares CapitalARCC1.6% of the fund+5%
- Gladstone LandLAND0.9% of the fund+14%
- Orla MNG LTD NewORLA0.8% of the fund+37%
Cut
Sold some of their stake.
- Triple Flag Precious MetalsTFPM6.0% of the fund-14%
- PAN American SilverPAAS4.8% of the fund-6%
- Wheaton Precious MetalsWPM3.1% of the fund-2%
- Dakota GoldDC1.6% of the fund-10%
- Equinox GoldEQX1.3% of the fund-4%
- Barrick MiningB1.0% of the fund-51%
- Conagra BrandsCAG0.4% of the fund-3%
- Golub Capital BDCGBDC0.4% of the fund-28%
- Ivanhoe ElectricIE0.3% of the fund-15%
- i-80 GoldIAUX<0.1% of the fund-59%
Sold out
Sold their entire stake.
Holdings
- B2goldBTG
- Share
- 18.0%
- Value
- $23m
- Shares
- 6,230,593
+1039%
- Metalla Royalty & StreamingMTA
- Share
- 15.1%
- Value
- $20m
- Shares
- 2,569,178
+11%
- Franco NevadaFNV
- Share
- 12.3%
- Value
- $16m
- Shares
- 76,485
Held
- Agnico Eagle MinesAEM
- Share
- 8.5%
- Value
- $11m
- Shares
- 71,647
+5%
- Fortuna MiningFSM
- Share
- 6.5%
- Value
- $8m
- Shares
- 1,000,419
+2%
- Triple Flag Precious MetalsTFPM
- Share
- 6.0%
- Value
- $8m
- Shares
- 261,158
-14%
- OR RoyaltiesOR
- Share
- 5.2%
- Value
- $7m
- Shares
- 213,026
Held
- PAN American SilverPAAS
- Share
- 4.8%
- Value
- $6m
- Shares
- 138,837
-6%
- Elemental RoyaltyELE
- Share
- 3.3%
- Value
- $4m
- Shares
- 244,743
Held
- Wheaton Precious MetalsWPM
- Share
- 3.1%
- Value
- $4m
- Shares
- 35,579
-2%
- Equinox GoldEQX
- Share
- 1.3%
- Value
- $2m
- Shares
- 167,363
-4%
- Sprott Asset Management LPPSLV
- Share
- 1.1%
- Value
- $1m
- Shares
- 75,000
Held
- Barrick MiningB
- Share
- 1.0%
- Value
- $1m
- Shares
- 36,275
-51%
- Orla MNG LTD NewORLA
- Share
- 0.8%
- Value
- $1m
- Shares
- 107,095
+37%
- Western Copper & GoldWRN
- Share
- 0.8%
- Value
- $987,000
- Shares
- 439,200
Held
- Dorchester Minerals L PDMLP
- Share
- 0.5%
- Value
- $687,000
- Shares
- 27,050
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| B2goldBTG | 18.0% | $23m | 6,230,593 | +1039% |
| Metalla Royalty & StreamingMTA | 15.1% | $20m | 2,569,178 | +11% |
| Franco NevadaFNV | 12.3% | $16m | 76,485 | Held |
| Agnico Eagle MinesAEM | 8.5% | $11m | 71,647 | +5% |
| Fortuna MiningFSM | 6.5% | $8m | 1,000,419 | +2% |
| Triple Flag Precious MetalsTFPM | 6.0% | $8m | 261,158 | -14% |
| OR RoyaltiesOR | 5.2% | $7m | 213,026 | Held |
| PAN American SilverPAAS | 4.8% | $6m | 138,837 | -6% |
| Royal GoldRGLD | 3.7% | $5m | 23,780 | +7% |
| Elemental RoyaltyELE | 3.3% | $4m | 244,743 | Held |
| Wheaton Precious MetalsWPM | 3.1% | $4m | 35,579 | -2% |
| AngloGold AshantiAU | 2.2% | $3m | 35,600 | New |
| Dakota GoldDC | 1.6% | $2m | 498,784 | -10% |
| Ares CapitalARCC | 1.6% | $2m | 108,192 | +5% |
| Equinox GoldEQX | 1.3% | $2m | 167,363 | -4% |
| Sprott Asset Management LPPSLV | 1.1% | $1m | 75,000 | Held |
| Barrick MiningB | 1.0% | $1m | 36,275 | -51% |
| Gladstone LandLAND | 0.9% | $1m | 139,170 | +14% |
| Orla MNG LTD NewORLA | 0.8% | $1m | 107,095 | +37% |
| Western Copper & GoldWRN | 0.8% | $987,000 | 439,200 | Held |
| DiageoDEO | 0.6% | $832,000 | 10,350 | Held |
| Dorchester Minerals L PDMLP | 0.5% | $687,000 | 27,050 | New |
| Conagra BrandsCAG | 0.4% | $489,000 | 36,500 | -3% |
| Golub Capital BDCGBDC | 0.4% | $473,000 | 36,300 | -28% |
| Ivanhoe ElectricIE | 0.3% | $341,000 | 35,438 | -15% |
| i-80 GoldIAUX | <0.1% | $70,000 | 49,000 | -59% |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 8.0% since 31 December 2025.
Where the money is
Materials87.7%
Financial services6.0%
Everyday goods1.0%
Real estate0.9%
Other4.4%
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.