SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Orion Resource Partners LP

CIK 0002032200 · 1045 AVENUE OF THE AMERICAS, NEW YORK, NY, 10018 · (212) 596-3497

Reported Value
$490M
Q4 2024
Positions
21
includes revealed positions
Filings on Record
12
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Orion Resource Partners LP reported $490M in U.S.-listed holdings across 21 positions for Q4 2024.

The portfolio is heavily concentrated: EQX alone accounts for 43.1% of reported value.

Compared with Q3 2024, the fund opened 10 new positions and exited 3.

Portfolio Metrics

Turnover
+0.5%
vs prior filed quarter
Top-10 Concentration
+99.6%
share of reported value
Largest Position
+43.1%
Equinox Gold
New / Exited
10 / 3
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
Q2 ’24: $662MQ2 ’24Q3 ’24: $735MQ3 ’24Q4 ’24: $490MQ4 ’24Q1 ’25: $526MQ1 ’25Q2 ’25: $540MQ2 ’25Q3 ’25: $275MQ3 ’25Q4 ’25: $203MQ4 ’25Q1 ’26: $219MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%
  • Common Stock · 100.0% · $490M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HBMHUDBAY MINERALS INCREVEALEDNEW+97.6K97.6K+$829,173$829,173
MEOHMETHANEX CORPNEW+9.8K9.8K+$489,025$489,025
CCJCAMECO CORPNEW+7.3K7.3K+$372,834$372,834
IAGIAMGOLD CORPREVEALEDNEW+65.5K65.5K+$340,222$340,222
CENXCENTURY ALUM CONEW+17.1K17.1K+$311,416$311,416
EXKENDEAVOUR SILVER CORPNEW+81.8K81.8K+$299,530$299,530
CLFCLEVELAND-CLIFFS INC NEWNEW+19.4K19.4K+$182,332$182,332
MAG SILVER CORPREVEALEDNEW+11.2K11.2K+$158,156$158,156

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

Holdings — Q4 2024REVEALED

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EQXEQUINOX GOLD CORPhistory →COM43.06%$211M42.00M
2SANDSTORM GOLD LTDCOM NEW33.55%$164M29.44M
3SKESKEENA RES LTD NEWhistory →COM13.75%$67M7.72M
4DCDAKOTA GOLD CORPhistory →COM4.05%$20M9.01M
5IEIVANHOE ELECTRIC INChistory →COM2.91%$14M1.89M
6IAUXI-80 GOLD CORPhistory →COM1.87%$9M18.92M
7HBMHUDBAY MINERALS INCREVEALEDCOM0.17%$829,17397.6K
8MEOHMETHANEX CORPCOM0.10%$489,0259.8K
9CCJCAMECO CORPCOM0.08%$372,8347.3K
10PDSPRECISION DRILLING CORPCOM NEW0.07%$348,9545.7K
11IAGIAMGOLD CORPREVEALEDCOM0.07%$340,22265.5K
12CENXCENTURY ALUM COCOM0.06%$311,41617.1K
13EXKENDEAVOUR SILVER CORPCOM0.06%$299,53081.8K
14CDECOEUR MNG INCCOM NEW0.04%$217,81238.1K
15UUUUENERGY FUELS INCCOM NEW0.04%$216,46542.2K
16CLFCLEVELAND-CLIFFS INC NEWCOM0.04%$182,33219.4K
17MAG SILVER CORPREVEALEDCOM0.03%$158,15611.2K
18ARISARIS MNG CORPCOM0.02%$86,18324.6K
19CNLCOLLECTIVE MINING LTDREVEALEDCOM0.02%$78,46624.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$219M20May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$203M21Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$275M27Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$540M24Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$526M18May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024REVEALED$490M21Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$735M12Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$662M18Aug 14, 202413F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • ORION RESOURCE PARTNERS (USA) LP028-23084

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 ↗.