SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Orion Resource Partners LP

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

Reported Value
$526M
Q1 2025
Positions
18
Filings on Record
12
2019–present window
Filed
May 15, 2025
original filing

Summary

Orion Resource Partners LP reported $526M in U.S.-listed holdings across 18 positions for Q1 2025.

The portfolio is heavily concentrated: EQX alone accounts for 43.2% of reported value.

Compared with Q4 2024, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+3.6%
vs prior filed quarter
Top-10 Concentration
+99.7%
share of reported value
Largest Position
+43.2%
Equinox Gold
New / Exited
3 / 4
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: 99.9%ADR: 0.1%Other: 0.0%
  • Common Stock · 99.9% · $525M
  • ADR · 0.1% · $320,967
  • Other · 0.0% · $102,731

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SLSRSOLARIS RES INCNEW+5.45M5.45M+$18M$18M
VALEVALE S ANEW+32.2K32.2K+$320,967$320,967
LITHIUM ARGENTINA AGNEW+48.0K48.0K+$102,731$102,731
CCJCAMECO CORPSOLD OUT−7.3K0−$372,834$0
PDSPRECISION DRILLING CORPSOLD OUT−5.7K0−$348,954$0
IAGIAMGOLD CORPSOLD OUT−65.5K0−$340,222$0
ARISARIS MNG CORPSOLD OUT−24.6K0−$86,183$0
HBMHUDBAY MINERALS INCTRIMMED−56.0K41.6K−$513,895$315,278

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

Holdings — Q1 2025

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EQXEQUINOX GOLD CORPhistory →COM43.15%$227M33.00M
2SANDSTORM GOLD LTDCOM NEW29.89%$157M20.85M
3SKESKEENA RES LTD NEWhistory →COM14.81%$78M7.72M
4DCDAKOTA GOLD CORPhistory →COM4.90%$26M9.71M
5SLSRSOLARIS RES INChistory →COM NEW3.49%$18M5.45M
6IAUXI-80 GOLD CORPhistory →COM2.33%$12M20.73M
7IEIVANHOE ELECTRIC INCCOM0.98%$5M889.7K
8EXKENDEAVOUR SILVER CORPCOM0.07%$361,40284.7K
9MEOHMETHANEX CORPCOM0.06%$324,1499.2K
10VALEVALE S ASPONSORED ADS0.06%$320,96732.2K
11HBMHUDBAY MINERALS INCCOM0.06%$315,27841.6K
12MAG SILVER CORPCOM0.05%$266,42017.5K
13CENXCENTURY ALUM COCOM0.04%$207,96511.2K
14CLFCLEVELAND-CLIFFS INC NEWCOM0.03%$148,65918.1K
15CNLCOLLECTIVE MINING LTDCOM0.02%$109,63912.6K
16LITHIUM ARGENTINA AGCOM SHS0.02%$102,73148.0K
17CDECOEUR MNG INCCOM NEW0.02%$100,80017.0K
18UUUUENERGY FUELS INCCOM NEW0.02%$97,24926.1K

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 ↗.