AI Portfolio Summary
In 2026 Q1, AEGIS FINANCIAL CORP maintained a portfolio of 38 distinct positions. The most significant new addition to the portfolio was HARLEY DAVIDSON INC, which now represents 4.77% of the total fund value. They heavily accumulated shares in VERMILION ENERGY INC, increasing their position by 93.9%. Conversely, AEGIS FINANCIAL CORP completely exited their position in OLYMPIC STEEL INC.
Total Positions
38
Quarter
2026 Q1
Top Holding
CVE (15.8%)
Top 10 Concentration
68.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-38 of 38
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
CVE
CENOVUS ENERGY ...
|
Energy | 15.78% | 13.94% |
#1
1
Prev: #2
|
6.5 | -2,300 | -0.1% |
P
S
|
3,451,821 | $91,576,811 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
EQX
EQUINOX GOLD CO...
|
Basic Materials | 9.63% | 15.02% |
#2
1
Prev: #1
|
5.9 | -593,125 | -13.3% |
P
S
|
3,880,964 | $55,875,391 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
PDS
PRECISION DRILL...
|
Energy | 8.52% | 8.64% |
#3
Prev: #3
|
5.4 | no change | no change |
P
S
|
504,059 | $49,452,228 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
VET
VERMILION ENERG...
|
Energy | 6.06% | 2.62% |
#4
10
Prev: #14
|
5.9 | 1,239,936 | 93.9% |
P
S
|
2,560,428 | $35,175,129 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
PBF
PBF ENERGY INC
|
Energy | 5.09% | 4.01% |
#5
4
Prev: #9
|
3.5 | no change | no change |
P
S
|
620,289 | $29,538,162 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
HNRG
HALLADOR ENERGY...
|
Energy | 5.09% | 8.24% |
#6
2
Prev: #4
|
3.0 | no change | no change |
P
S
|
1,814,026 | $29,532,343 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
ASIX
ADVANSIX INC
|
Basic Materials | 5.08% | 4.99% |
#7
1
Prev: #6
|
3.0 | no change | no change |
P
S
|
1,209,629 | $29,514,948 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
HOG
HARLEY DAVIDSON...
|
Consumer Cyclical | 4.77% | — |
#8
Prev: #—
|
5.4 | 1,369,000 | no change |
NEW
|
1,369,000 | $27,681,180 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
RYI
RYERSON HLDG CO...
|
Industrials | 4.33% | 4.24% |
#9
1
Prev: #8
|
4.7 | 409,588 | 57.9% |
P
S
|
1,116,978 | $25,109,665 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
TDW
TIDEWATER INC N...
|
Energy | 3.98% | 3.33% |
#10
2
Prev: #12
|
2.6 | no change | no change |
P
S
|
276,529 | $23,103,998 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
NGS
NATURAL GAS SVC...
|
Energy | 3.82% | 5.39% |
#11
6
Prev: #5
|
2.0 | -84,100 | -12.5% |
P
S
|
587,012 | $22,153,833 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
MOS
MOSAIC CO
|
Basic Materials | 3.75% | 4.90% |
#12
5
Prev: #7
|
2.5 | no change | no change |
P
S
|
853,638 | $21,767,769 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SM
SM ENERGY COMPA...
|
Energy | 2.96% | — |
#13
Prev: #—
|
4.7 | 551,769 | no change |
NEW
|
551,769 | $17,204,157 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GAU
GALIANO GOLD IN...
|
Basic Materials | 2.75% | 3.89% |
#14
4
Prev: #10
|
2.1 | no change | no change |
P
S
|
6,409,321 | $15,984,251 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
RLJ
RLJ LODGING TR
|
Real Estate | 2.56% | 2.26% |
#15
Prev: #15
|
4.0 | 727,608 | 57.2% |
P
S
|
1,999,425 | $14,835,734 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
NOA
NORTH AMERN CON...
|
Energy | 2.41% | 3.57% |
#16
5
Prev: #11
|
2.0 | no change | no change |
P
S
|
1,038,177 | $13,964,863 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
EGO
ELDORADO GOLD C...
|
Basic Materials | 2.29% | 3.32% |
#17
4
Prev: #13
|
1.9 | no change | no change |
P
S
|
387,779 | $13,275,184 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
EFXT
ENERFLEX LTD
|
Energy | 1.98% | 2.03% |
#18
2
Prev: #16
|
1.8 | no change | no change |
P
S
|
551,151 | $11,493,826 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
RDN
RADIAN GROUP IN...
|
Financial Services | 1.68% | — |
#19
Prev: #—
|
4.2 | 295,274 | no change |
NEW
|
295,274 | $9,767,664 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
BSET
BASSETT FURNITU...
|
Consumer Cyclical | 1.28% | 2.00% |
#20
3
Prev: #17
|
2.5 | 25,878 | 5.2% |
P
S
|
526,997 | $7,457,008 | 2002 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
ASTL
ALGOMA STL GROU...
|
Basic Materials | 1.27% | 1.75% |
#21
3
Prev: #18
|
1.5 | no change | no change |
P
S
|
1,786,122 | $7,376,684 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
INBK
FIRST INTERNET ...
|
Financial Services | 1.24% | 1.25% |
#22
3
Prev: #19
|
3.0 | 103,941 | 41.5% |
P
S
|
354,261 | $7,219,839 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
CLDT
CHATHAM LODGING...
|
Real Estate | 0.92% | 1.10% |
#23
3
Prev: #20
|
1.4 | no change | no change |
P
S
|
678,530 | $5,340,031 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GFR
GREENFIRE RES L...
|
Energy | 0.45% | 0.20% |
#24
4
Prev: #28
|
3.2 | 238,417 | 133.1% |
P
S
|
417,548 | $2,638,903 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
ACTG
ACACIA RESH COR...
|
Industrials | 0.41% | — |
#25
Prev: #—
|
3.7 | 491,086 | no change |
NEW
|
491,086 | $2,362,124 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
VLGEA
VILLAGE SUPER M...
|
Consumer Defensive | 0.41% | 0.47% |
#26
4
Prev: #22
|
1.2 | no change | no change |
P
S
|
55,733 | $2,353,605 | 2005 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
IAUX
I-80 GOLD CORP
|
Basic Materials | 0.29% | 0.40% |
#27
3
Prev: #24
|
1.1 | no change | no change |
P
S
|
1,126,349 | $1,703,164 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
WHG
WESTWOOD HLDGS ...
|
Financial Services | 0.28% | 0.41% |
#28
5
Prev: #23
|
1.1 | no change | no change |
P
S
|
99,926 | $1,645,781 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
HNNA
HENNESSY ADVISO...
|
Financial Services | 0.24% | 0.32% |
#29
4
Prev: #25
|
1.1 | no change | no change |
P
S
|
141,353 | $1,378,192 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
ASC
ARDMORE SHIPPIN...
|
Industrials | 0.24% | 0.23% |
#30
3
Prev: #27
|
1.1 | no change | no change |
P
S
|
89,612 | $1,366,583 | 2016 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
SLV
ISHARES SILVER ...
|
ETF | 0.10% | 0.27% |
#31
5
Prev: #26
|
0.0 | -8,856 | -50.0% |
P
S
|
8,842 | $602,494 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
XPL
SOLITARIO RESOU...
|
Basic Materials | 0.09% | 0.11% |
#32
2
Prev: #30
|
1.0 | no change | no change |
P
S
|
632,458 | $518,616 | 2018 Q3 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
MERC
MERCER INTL INC
|
Basic Materials | 0.08% | 0.15% |
#33
4
Prev: #29
|
1.0 | no change | no change |
P
S
|
308,927 | $438,676 | 2010 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
CEF
SPROTT ASSET MA...
|
Unknown | 0.06% | 0.08% |
#34
3
Prev: #31
|
1.0 | no change | no change |
P
S
|
7,474 | $356,659 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
GLD
SPDR GOLD TR
|
ETF | 0.06% | 0.08% |
#35
3
Prev: #32
|
1.0 | no change | no change |
P
S
|
828 | $356,280 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
WFG
WEST FRASER TIM...
|
Basic Materials | 0.04% | — |
#36
Prev: #—
|
3.5 | 3,142 | no change |
NEW
|
3,142 | $204,588 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
DC
DAKOTA GOLD COR...
|
Basic Materials | 0.03% | 0.04% |
#37
4
Prev: #33
|
1.0 | no change | no change |
P
S
|
30,000 | $151,500 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 | |||
|
ZEUS
OLYMPIC STEEL I...
|
Unknown | 0.00% | 0.75% |
Sold All 😨
(Was: #21) |
0.0 | -73,515 | -100.0% |
CLOSED
|
— | $— | 2005 Q2 | 13F Filing | 2026-03-31 | 2026-05-13 |
Showing 1-38 of 38 holdings