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Goehring & Rozencwajg Associates, LLC

CIK:0001863154
Investment Adviser
$726M AUM
41 holdings
New York, NY, US
Founded:2015
6 employees
Latest filing:Jun 30, 2025

Goehring & Rozencwajg Associates, LLC is a New York-based independent investment adviser focused on natural resources investments, including energy, metals, and mining sectors. Founded in 2015, the firm manages capital for institutional clients, pooled investment vehicles, and select high net worth individuals. With approximately 6 employees, the firm specializes in value-oriented sector research and portfolio management for sophisticated investors.

Investment Strategy

Goehring & Rozencwajg Associates, LLC pursues a fundamental, value-driven investment strategy focused exclusively on natural resources sectors such as energy, mining, and metals. The firm combines deep sector research with macroeconomic analysis to identify companies that are undervalued relative to their assets and long-term growth prospects. Their portfolios tend to concentrate on energy producers, mining companies, and related securities, frequently employing a contrarian approach to capitalize on cyclical sector opportunities. Goehring & Rozencwajg is known for rigorous bottom-up analysis, thematic portfolios, and exposure across both domestic and international natural resources equities, seeking to deliver strong absolute returns independent of market cycles.

Top Buys
L
LEUCENTRUS ENERGY CORP
+$18.2M
C
CCJCAMECO CORP
+$18.0M
S
SDRLSEADRILL LTD
+$14.1M
S
SBSWSIBANYE STILLWATER LTD
+$12.1M
V
VALVALARIS LTD
+$11.3M
Top Sells
R
RIGTRANSOCEAN LTD
-$2.8M
A
ARANTERO RESOURCES CORP
-$1.6M
M
MTDRMATADOR RES CO
-$1.6M
S
SLBSCHLUMBERGER LTD
-$1.5M
C
CIVICIVITAS RESOURCES INC
-$1.5M

Top Holdings

R
RRCRANGE RES CORP
+8.7%$57.2M
C
CCJCAMECO CORP
+7.4%$48.2M
N
NTRNUTRIEN LTD
+7.0%$45.5M
S
SDRLSEADRILL LTD
+6.8%$44.2M
E
EQTEQT CORP
+5.3%$34.5M

Equity Positions (41)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
R
RRC
RANGE RES CORP8.75%$57.2M1,406,795$27.04$40.67-$588.2K
C
CCJ
CAMECO CORP7.37%$48.2M648,982$26.82$74.23+$18.0M
N
NTR
NUTRIEN LTD6.96%$45.5M781,074$54.04$58.24+$10.3M
S
SDRL
SEADRILL LTD6.76%$44.2M1,684,001$31.61$26.25+$14.1M
E
EQT
EQT CORP5.27%$34.5M591,155$35.53$58.32+$1.9M

Industry Allocation

CRUDE PETROLEUM & NATURAL GAS
+29.9%
GOLD AND SILVER ORES
+17.6%
DRILLING OIL & GAS WELLS
+12.9%
MISCELLANEOUS METAL ORES
+12.3%
AGRICULTURAL CHEMICALS
+9.3%