SEC 13F Intelligence

Managers / Q4 2025 · view latest →

GLOBAL STRATEGIC MANAGEMENT INC

CIK 0001413303 · PO BOX 9024106, SAN JUAN, PR, 00902-4106 · 410-224-2037

Reported Value
$120M
Q4 2025
Positions
27
Filings on Record
11
2019–present window
Filed
Feb 13, 2026
original filing

Summary

Global Strategic Management Inc reported $120M in U.S.-listed holdings across 27 positions for Q4 2025.

Its largest position, FNV, represents 13.6% of the portfolio.

Compared with Q4 2020, the fund opened 15 new positions and exited 20.

Portfolio Metrics

Turnover
+39.2%
vs prior filed quarter
Top-10 Concentration
+80.0%
share of reported value
Largest Position
+13.6%
Franco Nev
New / Exited
15 / 20
positions this quarter

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $106MQ1 ’19Q2 ’19: $115MQ3 ’19: $128MQ3 ’19Q4 ’19: $65MQ1 ’20: $49MQ1 ’20Q2 ’20: $78MQ3 ’20: $78MQ3 ’20Q4 ’20: $85MQ4 ’25: $120MQ4 ’25Q1 ’26: $120Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.7%Other: 2.6%REIT: 1.2%MLP: 0.5%
  • Common Stock · 95.7% · $115M
  • Other · 2.6% · $3M
  • REIT · 1.2% · $1M
  • MLP · 0.5% · $644,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
TFPMTRIPLE FLAG PRECIOUS METALNEW+323.3K323.3K+$11M$11M
FSMFORTUNA MNG CORPNEW+941.3K941.3K+$9M$9M
OROR ROYALTIES INC. COM SHSNEW+226.0K226.0K+$8M$8M
BBARRICK MNG CORPNEW+125.3K125.3K+$5M$5M
ELEELEMENTAL RTY CORPNEW+281.2K281.2K+$5M$5M
DAKOTA GOLD CORPNEW+542.7K542.7K+$3M$3M
SPROTT ASSET MANAGEMENT LP PHYSICAL SILVERNEW+75.5K75.5K+$2M$2M
ORLAORLA MNG LTDNEW+96.7K96.7K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FNVFRANCO NEV CORPhistory →COM13.58%$16M78.7K
2MTAMETALLA RTY & STREAMING LTDhistory →COM NEW13.49%$16M2.08M
3AEMAGNICO EAGLE MINES LTDhistory →COM9.91%$12M69.9K
4TFPMTRIPLE FLAG PRECIOUS METALhistory →COM8.95%$11M323.3K
5FSMFORTUNA MNG CORPhistory →COM NEW7.71%$9M941.3K
6OROR ROYALTIES INC. COM SHShistory →COM SHS6.70%$8M226.0K
7PAASPAN AMERN SILVER CORPhistory →COM6.66%$8M154.0K
8BBARRICK MNG CORPhistory →COM SHS4.56%$5M125.3K
9RGLDROYAL GOLD INChistory →COM4.43%$5M23.9K
10ELEELEMENTAL RTY CORPhistory →COM NEW3.95%$5M281.2K
11WPMWHEATON PRECIOUS METALS CORPhistory →COM3.86%$5M39.4K
12DAKOTA GOLD CORPCOM2.58%$3M542.7K
13BTGB2GOLD CORPhistory →COM1.99%$2M529.0K
14ARCCARES CAPITAL CORPhistory →COM1.85%$2M109.2K
15EQXEQUINOX GOLD CORPhistory →COM1.61%$2M136.7K
16SPROTT ASSET MANAGEMENT LP PHYSICAL SILVERUNIT1.50%$2M75.5K
17LANDGLADSTONE LD CORPhistory →COM1.18%$1M155.2K
18ORLAORLA MNG LTDhistory →NEW COM1.08%$1M96.7K
19IEIVANHOE ELECTRIC INCCOM0.82%$981,00061.6K
20WRNWESTERN COPPER & GOLD CORPCOM0.73%$870,000325.4K
21DMLPDORCHESTER MINERALS LPCOM UNIT0.54%$644,00029.1K
22GAINGLADSTONE INVT CORPCOM0.45%$545,00039.0K
23EROERO COPPER CORPCOM0.44%$527,00018.6K
24PTONPELOTON INTERACTIVE INC CL ACOM0.41%$490,00079.2K
25CAGCONAGRA BRANDS INCCOM0.38%$461,00026.5K
26GBDCGOLUB CAP BDC INCCOM0.34%$406,00029.9K
27SEGSEAPORT ENTMT GROUP INCCOMMON STOCK0.28%$341,00017.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$120M25May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$120M27Feb 13, 202613F-HRchanges · EDGAR ↗
Q4 2020$85M36Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$78M29Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$78M31Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$49M34Apr 27, 202013F-HRchanges · EDGAR ↗
Q4 2019$65M34Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$128M37Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$115M31Aug 13, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019$106M31May 15, 201913F-HRchanges · 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 ↗.