SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Orion Resource Partners LP

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

Reported Value
$203M
Q4 2025
Positions
21
Filings on Record
12
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Orion Resource Partners LP reported $203M in U.S.-listed holdings across 21 positions for Q4 2025.

The portfolio is heavily concentrated: SKE alone accounts for 32.4% of reported value.

Compared with Q3 2025, the fund opened 4 new positions and exited 10.

Portfolio Metrics

Turnover
+16.8%
vs prior filed quarter
Top-10 Concentration
+89.8%
share of reported value
Largest Position
+32.4%
Skeena Res
New / Exited
4 / 10
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. 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: 97.2%Other: 1.5%ADR: 1.3%
  • Common Stock · 97.2% · $198M
  • Other · 1.5% · $3M
  • ADR · 1.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ANGLOGOLD ASHANTI PLCNEW+25.6K25.6K+$2M$2M
FCXFREEPORT-MCMORAN INCNEW+40.7K40.7K+$2M$2M
STLDSTEEL DYNAMICS INCNEW+11.7K11.7K+$2M$2M
FERROGLOBE PLCNEW+184.9K184.9K+$857,857$857,857
SVMSILVERCORP METALS INCADDED+254.7K359.0K+$2M$3M
SSRMSSR MINING INADDED+61.8K88.8K+$1M$2M
ASTLALGOMA STL GROUP INCADDED+242.3K381.7K+$1M$2M
MEOHMETHANEX CORPADDED+77.3K126.3K+$3M$5M

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

Holdings — Q4 2025

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SKESKEENA RES LTD NEWhistory →COM32.42%$66M2.78M
2SLSSOLARIS RES INChistory →COM NEW19.71%$40M5.00M
3DCDAKOTA GOLD CORPhistory →COM14.47%$29M5.18M
4IAUI-80 GOLD CORPhistory →COM12.58%$26M17.38M
5MEOHMETHANEX CORPhistory →COM2.46%$5M126.3K
6BBARRICK MNG CORPhistory →COM SHS2.06%$4M96.2K
7ELDELDORADO GOLD CORP NEWhistory →COM1.96%$4M110.6K
8SVMSILVERCORP METALS INChistory →COM1.48%$3M359.0K
9SQMSOCIEDAD QUIMICA Y MINERA DEhistory →SPON ADR SER B1.34%$3M39.7K
10EROERO COPPER CORPhistory →COM1.32%$3M94.9K
11ANGLOGOLD ASHANTI PLCCOM SHS1.08%$2M25.6K
12FCXFREEPORT-MCMORAN INChistory →CL B1.02%$2M40.7K
13IMGIAMGOLD CORPhistory →COM1.01%$2M124.4K
14EQXEQUINOX GOLD CORPhistory →COM1.01%$2M145.6K
15CCOCAMECO CORPhistory →COM1.00%$2M22.3K
16CDECOEUR MNG INChistory →COM NEW1.00%$2M114.2K
17STLDSTEEL DYNAMICS INCCOM0.97%$2M11.7K
18NEMNEWMONT CORPCOM0.96%$2M19.5K
19SSRMSSR MINING INCOM0.96%$2M88.8K
20ASTLALGOMA STL GROUP INCCOM0.77%$2M381.7K
21FERROGLOBE PLCSHS0.42%$857,857184.9K

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 ↗.