Managers / Q1 2025 · view latest →
AEGIS FINANCIAL CORP
CIK 0001140753 · 6862 ELM STREET, SUITE 830, MC LEAN, VA, 22101-3897 · 7035287788
Summary
Aegis Financial Corp reported $117M in U.S.-listed holdings across 23 positions for Q1 2025.
The portfolio is heavily concentrated: HNRG alone accounts for 21.2% of reported value.
Compared with Q4 2024, the fund opened 2 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 97.8% · $115M
- ETP · 1.3% · $2M
- Other · 0.7% · $878,760
- Closed-End Fund · 0.2% · $224,212
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TDWTIDEWATER INC NEW | NEW | +201.7K | 201.7K | +$9M | $9M |
| SPROTT PHYSICAL GOLD & SILVE | NEW | +7.9K | 7.9K | +$224,212 | $224,212 |
| AEUSDADAMS RES & ENERGY INC | SOLD OUT | −45.0K | 0 | −$2M | $0 |
| VETVERMILION ENERGY INC | TRIMMED | −252.9K | 43.3K | −$2M | $350,592 |
| PDSPRECISION DRILLING CORP | ADDED | +71.9K | 195.5K | +$2M | $9M |
| WFGWEST FRASER TIMBER CO LTD | TRIMMED | −198 | 3.2K | −$48,507 | $245,545 |
| GAUGALIANO GOLD INC | HELD | +86.5K | 2.48M | +$70,906 | $3M |
| MINDMIND TECHNOLOGY INC | HELD | −2.4K | 87.1K | −$187,935 | $522,354 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $580M | 37 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $419M | 33 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $261M | 26 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $170M | 25 | Aug 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $117M | 23 | May 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $116M | 22 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $117M | 23 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $104M | 25 | Aug 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $118M | 27 | May 10, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $165M | 31 | Feb 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $164M | 30 | Oct 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $144M | 31 | Jul 21, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $129M | 27 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $114M | 28 | Feb 10, 2023 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.