AI Portfolio Summary
In 2025 Q4, AEGIS FINANCIAL CORP maintained a portfolio of 35 distinct positions. The most significant new addition to the portfolio was ADVANSIX INC, which now represents 4.99% of the total fund value. They heavily accumulated shares in CENOVUS ENERGY INC, increasing their position by 275.2%. Conversely, AEGIS FINANCIAL CORP completely exited their position in MIND TECHNOLOGY INC.
Total Positions
35
Quarter
2025 Q4
Top Holding
EQX (15.0%)
Top 10 Concentration
73.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 35
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
EQX
EQUINOX GOLD CO...
|
Basic Materials | 15.02% | 20.66% |
#1
Prev: #1
|
6.0 | -343,834 | -7.1% |
P
S
|
4,474,089 | $62,968,861 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CVE
CENOVUS ENERGY ...
|
Energy | 13.94% | 5.98% |
#2
4
Prev: #6
|
7.9 | 2,533,621 | 275.2% |
P
S
|
3,454,121 | $58,443,727 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PDS
PRECISION DRILL...
|
Energy | 8.64% | 9.75% |
#3
Prev: #3
|
5.5 | 51,700 | 11.4% |
P
S
|
504,059 | $36,221,172 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HNRG
HALLADOR ENERGY...
|
Energy | 8.24% | 15.06% |
#4
2
Prev: #2
|
3.3 | -196,968 | -9.8% |
P
S
|
1,814,026 | $34,539,055 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NGS
NATURAL GAS SVC...
|
Energy | 5.39% | 7.19% |
#5
1
Prev: #4
|
2.2 | no change | no change |
P
S
|
671,112 | $22,582,919 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASIX
ADVANSIX INC
|
Basic Materials | 4.99% | — |
#6
Prev: #—
|
4.0 | 1,209,629 | no change |
NEW
|
1,209,629 | $20,926,582 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MOS
MOSAIC CO NEW
|
Basic Materials | 4.90% | — |
#7
Prev: #—
|
4.0 | 853,638 | no change |
NEW
|
853,638 | $20,564,139 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RYI
RYERSON HLDG CO...
|
Industrials | 4.24% | — |
#8
Prev: #—
|
3.7 | 707,390 | no change |
NEW
|
707,390 | $17,797,932 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PBF
PBF ENERGY INC
|
Energy | 4.01% | 7.16% |
#9
4
Prev: #5
|
1.6 | -171 | -0.0% |
P
S
|
620,289 | $16,822,238 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GAU
GALIANO GOLD IN...
|
Basic Materials | 3.89% | 5.55% |
#10
2
Prev: #8
|
1.6 | -250,000 | -3.8% |
P
S
|
6,409,321 | $16,320,234 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NOA
NORTH AMERN CON...
|
Energy | 3.57% | 4.58% |
#11
2
Prev: #9
|
3.5 | 196,243 | 23.3% |
P
S
|
1,038,177 | $14,967,433 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TDW
TIDEWATER INC N...
|
Energy | 3.33% | 5.64% |
#12
5
Prev: #7
|
1.3 | no change | no change |
P
S
|
276,529 | $13,967,480 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EGO
ELDORADO GOLD C...
|
Basic Materials | 3.32% | 4.56% |
#13
3
Prev: #10
|
1.3 | -25,000 | -6.1% |
P
S
|
387,779 | $13,929,022 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VET
VERMILION ENERG...
|
Energy | 2.62% | 2.60% |
#14
2
Prev: #12
|
3.2 | 450,000 | 51.7% |
P
S
|
1,320,492 | $11,002,486 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RLJ
RLJ LODGING TR
|
Real Estate | 2.26% | — |
#15
Prev: #—
|
2.9 | 1,271,817 | no change |
NEW
|
1,271,817 | $9,475,037 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EFXT
ENERFLEX LTD
|
Energy | 2.03% | 2.28% |
#16
2
Prev: #14
|
0.8 | no change | no change |
P
S
|
551,151 | $8,508,936 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BSET
BASSETT FURNITU...
|
Consumer Cyclical | 2.00% | 2.85% |
#17
6
Prev: #11
|
2.8 | 25,000 | 5.3% |
P
S
|
501,119 | $8,398,754 | 2002 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASTL
ALGOMA STL GROU...
|
Basic Materials | 1.75% | 2.43% |
#18
5
Prev: #13
|
0.7 | no change | no change |
P
S
|
1,786,122 | $7,323,100 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
INBK
FIRST INTERNET ...
|
Financial Services | 1.25% | — |
#19
Prev: #—
|
2.5 | 250,320 | no change |
NEW
|
250,320 | $5,224,178 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CLDT
CHATHAM LODGING...
|
Real Estate | 1.10% | — |
#20
Prev: #—
|
2.4 | 678,530 | no change |
NEW
|
678,530 | $4,620,789 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ZEUS
OLYMPIC STEEL I...
|
Basic Materials | 0.75% | — |
#21
Prev: #—
|
2.3 | 73,515 | no change |
NEW
|
73,515 | $3,145,339 | 2005 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VLGEA
VILLAGE SUPER M...
|
Consumer Defensive | 0.47% | — |
#22
Prev: #—
|
2.2 | 55,733 | no change |
NEW
|
55,733 | $1,972,670 | 2005 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WHG
WESTWOOD HLDGS ...
|
Financial Services | 0.41% | 0.63% |
#23
8
Prev: #15
|
0.2 | no change | no change |
P
S
|
99,926 | $1,719,726 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IAUX
I-80 GOLD CORP
|
Basic Materials | 0.40% | 0.41% |
#24
6
Prev: #18
|
0.2 | no change | no change |
P
S
|
1,126,349 | $1,660,020 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HNNA
HENNESSY ADVISO...
|
Financial Services | 0.32% | 0.57% |
#25
8
Prev: #17
|
0.1 | no change | no change |
P
S
|
141,353 | $1,356,989 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MIND
MIND TECHNOLOGY...
|
Technology | 0.00% | 0.25% |
Sold All 😨
(Was: #21) |
0.3 | -79,572 | -100.0% |
CLOSED
|
— | $— | 2009 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WFG
WEST FRASER TIM...
|
Basic Materials | 0.00% | 0.08% |
Sold All 😨
(Was: #25) |
0.3 | -3,142 | -100.0% |
CLOSED
|
— | $— | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-25 of 35 holdings