Foundation Resource Management Inc.
Foundation Resource Management Inc. reported 56 US-listed holdings worth $938.7 million in its 13F for the quarter ended 30 September 2026, filed 19 October 2026. Its largest: ExxonMobil Holdings Corp. (7.3%), Newmont Corp. (6.0%) and Teck Resources Ltd (5.9%). Against the quarter before, it opened 1 position, added to 10, trimmed 38 and sold out of 1.
The 14 largest of its 56 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +47.5% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 1
- Murphy Oil Corp. MUR$223,971
Added to 10
- Comcast Corp. CMCSA+388,834 shares · +57%
- LKQ Corp. LKQ+213,868 shares · +35%
- APA Corp. APA+14,373 shares · +5%
- Devon Energy Corp. DVN+6,159 shares · +4%
- Mosaic Co. MOS+10,134 shares · +1%
- Bristol-Myers Squibb Co. BMY+3,110 shares · +2%
- Nutrien Ltd. NTR+2,700 shares · +1%
- Pfizer Inc. PFE+2,901 shares · +0%
and 2 more in the table below
Trimmed 38
- Teck Resources Ltd TECK-47,694 shares · -5%
- Permian Basin Rty Trust Unit Ben Int PBT-30,695 shares · -5%
- Tsakos Energy Navigation Ltd TEN-20,429 shares · -6%
- Newmont Corp. NEM-7,746 shares · -2%
- Berkshire Hathaway Inc. Class B BRKB-1,706 shares · -2%
- Federated Hermes, Inc. FHI-13,913 shares · -4%
- Builders Firstsource Inc. BLDR-13,225 shares · -9%
- Novo Nordisk A/S NVO-18,665 shares · -10%
and 30 more in the table below
Sold out of 1
- Murphy USA Inc. MUSA$202,076 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| ExxonMobil Holdings Corp. XOM | 418.2K | $68.1 million | 7.25% | -2.6K |
| Newmont Corp. NEM | 491.8K | $56.7 million | 6.04% | -7.7K |
| Teck Resources Ltd TECK | 842.2K | $55.4 million | 5.90% | -47.7K |
| Chevron Corp. CVX | 234.2K | $47.8 million | 5.09% | -2.1K |
| Berkshire Hathaway Inc. Class B BRKB | 93.7K | $46.7 million | 4.97% | -1.7K |
| ConocoPhillips COP | 281.2K | $35.2 million | 3.75% | -5.6K |
| HP Inc. HPQ | 1.1M | $34.1 million | 3.63% | -19.8K |
| Dollar General Corp. DG | 284.3K | $34.0 million | 3.62% | -2.0K |
| Agnico Eagle Mines Ltd AEM | 174.8K | $32.0 million | 3.41% | -1.2K |
| Adobe Inc. ADBE | 133.0K | $31.9 million | 3.40% | -987 |
| Verizon Communications Inc. VZ | 641.2K | $29.4 million | 3.13% | -2.9K |
| Merck & Co., Inc. MRK | 202.0K | $29.4 million | 3.13% | -693 |
| Pfizer Inc. PFE | 939.0K | $26.8 million | 2.85% | +2.9K |
| Comcast Corp. CMCSA | 1.1M | $23.3 million | 2.48% | +388.8K |
| Federated Hermes, Inc. FHI | 366.2K | $20.6 million | 2.20% | -13.9K |
| Ambev S.A. ABEV | 7.0M | $20.6 million | 2.19% | -36.9K |
| Diageo plc DEO | 239.0K | $20.5 million | 2.18% | -2.6K |
| Permian Basin Rty Trust Unit Ben Int PBT | 595.6K | $18.8 million | 2.00% | -30.7K |
| LKQ Corp. LKQ | 817.3K | $18.7 million | 1.99% | +213.9K |
| Franklin Templeton Inc. BEN | 571.7K | $18.4 million | 1.96% | -11.4K |
| Cenovus Energy Inc. CVE | 504.5K | $15.7 million | 1.67% | -2.8K |
| Intel Corp. INTC | 130.1K | $15.6 million | 1.67% | -3.7K |
| Barrick Mining Corp B | 378.2K | $15.4 million | 1.64% | -8.4K |
| Phillips 66 PSX | 60.2K | $15.4 million | 1.64% | -1.2K |
| Mosaic Co. MOS | 705.0K | $15.3 million | 1.63% | +10.1K |
| Tsakos Energy Navigation Ltd TEN | 316.0K | $14.9 million | 1.59% | -20.4K |
| Gilead Sciences, Inc. GILD | 98.4K | $14.7 million | 1.56% | -3.8K |
| Park Aerospace Corp. PKE | 492.3K | $14.6 million | 1.56% | -10.4K |
| Freeport-McMoRan Inc. FCX | 199.6K | $14.0 million | 1.49% | -6.5K |
| Nutrien Ltd. NTR | 190.1K | $13.4 million | 1.42% | +2.7K |
| Loews Corp. L | 121.9K | $12.7 million | 1.36% | -3.5K |
| APA Corp. APA | 277.3K | $11.5 million | 1.23% | +14.4K |
| Sanofi SNY | 273.7K | $11.3 million | 1.20% | -785 |
| Bristol-Myers Squibb Co. BMY | 174.8K | $10.9 million | 1.16% | +3.1K |
| CNH Industrial N.V. CNH | 678.9K | $8.7 million | 0.93% | -5.4K |
| Tejon Ranch Co. TRC | 514.8K | $8.4 million | 0.89% | +791 |
| Kraft Heinz Co. KHC | 327.5K | $7.4 million | 0.79% | +695 |
| Builders Firstsource Inc. BLDR | 128.9K | $7.3 million | 0.78% | -13.2K |
| Devon Energy Corp. DVN | 158.2K | $7.3 million | 0.78% | +6.2K |
| Campbell's Co. CPB | 333.6K | $6.6 million | 0.70% | -30.3K |
| Novo Nordisk A/S NVO | 159.2K | $6.0 million | 0.64% | -18.7K |
| Ovintiv Inc. OVV | 103.8K | $6.0 million | 0.64% | -333 |
| Cameco Corp. CCJ | 54.0K | $4.7 million | 0.50% | -1.5K |
| Berkshire Hathaway Inc. Del | 5 | $3.7 million | 0.40% | no change |
| Marathon Petroleum Corp. MPC | 4.8K | $1.9 million | 0.20% | -150 |
| Walmart Inc. WMT | 18.1K | $1.9 million | 0.20% | no change |
| Imperial Oil Ltd IMO | 6.9K | $854,582 | 0.09% | no change |
| Graftech Intl Ltd Com New EAF | 103.0K | $851,761 | 0.09% | -3.4K |
| Travelers Companies, Inc. TRV | 2.3K | $825,321 | 0.09% | no change |
| Transocean Ltd RIG | 138.5K | $725,913 | 0.08% | -30.8K |
| Chubb Ltd. CB | 2.1K | $692,457 | 0.07% | no change |
| RTX Corp. RTX | 2.1K | $391,348 | 0.04% | no change |
| International Business Machines Corp. IBM | 1.5K | $320,878 | 0.03% | -100 |
| Johnson & Johnson JNJ | 1.2K | $315,029 | 0.03% | -25 |
| Murphy Oil Corp. MUR | 6.0K | $223,971 | 0.02% | new |
| San Juan Basin Rty Trust SJT | 14.6K | $53,162 | 0.01% | no change |