Global Strategic Management Inc.
Global Strategic Management Inc. reported 29 US-listed holdings worth $132.2 million in its 13F for the quarter ended 30 September 2026, filed 16 October 2026. Its largest: Metalla Rty & Streaming Ltd Com New (19.0%), Franco Nev Corp. (13.9%) and Agnico Eagle Mines Ltd (10.9%). Against the quarter before, it opened 7 positions, added to 14, trimmed 7 and sold out of 4.
The 14 largest of its 29 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 +10.4% over the 3 quarters to 30 September 2026, against +11.8% 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 7
- Dakota Gold Corp. DC$3.1 million
- Seabridge Gold Inc. Com SA$1.1 million
- Aris MNG Corp. ARIS$987,000
- Sprott FDS Trust URNM$864,000
- Itaú Unibanco Holding S.A. ITUB$449,000
- First Majestic Silver Corp. AG$349,000
- Banco Bradesco S.A. BBD$221,000
Added to 14
- Equinox Gold Corp. EQX+177,945 shares · +106%
- Royal Gold Inc. RGLD+5,765 shares · +24%
- Agnico Eagle Mines Ltd AEM+6,903 shares · +10%
- Metalla Rty & Streaming Ltd Com New MTA+96,905 shares · +4%
- Dorchester Minerals LP DMLP+20,200 shares · +75%
- Pan Amern Silver Corp. PAAS+12,110 shares · +9%
- Fortuna MNG Corp. FSM+45,900 shares · +5%
- Osisko Gold Royalties Ltd OR+14,920 shares · +7%
and 6 more in the table below
Trimmed 7
- B2GOLD Corp. BTG-5.7 million shares · -91%
- Anglogold Ashanti PLC AU-22,060 shares · -62%
- Triple Flag Precious Metal TFPM-17,723 shares · -7%
- Ares Capital Corp. ARCC-4,630 shares · -4%
- Golub Cap BDC Inc. GBDC-5,000 shares · -14%
- I-80 Gold Corp. IAUX-19,000 shares · -39%
- Wheaton Precious Metals Corp. WPM-170 shares · -0%
Sold out of 4
- Dakota Gold Corp.$2.1 million last quarter
- Barrick Mining Corp B$1.3 million last quarter
- Orla MNG Ltd New ORLA$1.0 million last quarter
- Conagra Brands Inc. CAG$489,000 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Metalla Rty & Streaming Ltd Com New MTA | 2.7M | $25.1 million | 19.02% | +96.9K |
| Franco Nev Corp. FNV | 76.9K | $18.4 million | 13.89% | +430 |
| Agnico Eagle Mines Ltd AEM | 78.5K | $14.4 million | 10.90% | +6.9K |
| Fortuna MNG Corp. FSM | 1.0M | $11.8 million | 8.89% | +45.9K |
| Osisko Gold Royalties Ltd OR | 227.9K | $7.8 million | 5.93% | +14.9K |
| Triple Flag Precious Metal TFPM | 243.4K | $7.5 million | 5.67% | -17.7K |
| Royal Gold Inc. RGLD | 29.5K | $7.0 million | 5.28% | +5.8K |
| Pan Amern Silver Corp. PAAS | 150.9K | $6.9 million | 5.19% | +12.1K |
| Wheaton Precious Metals Corp. WPM | 35.4K | $4.7 million | 3.58% | -170 |
| Elemental Rty Corp. ELE | 245.1K | $4.7 million | 3.56% | +314 |
| Equinox Gold Corp. EQX | 345.3K | $3.8 million | 2.90% | +177.9K |
| Dakota Gold Corp. DC | 502.2K | $3.1 million | 2.31% | new |
| B2GOLD Corp. BTG | 536.9K | $2.8 million | 2.13% | -5.7M |
| Ares Capital Corp. ARCC | 103.6K | $2.0 million | 1.50% | -4.6K |
| Sprott Physical Silver Trust PSLV | 75.7K | $1.5 million | 1.11% | +700 |
| Gladstone LD Corp. LAND | 142.1K | $1.3 million | 1.02% | +2.9K |
| Dorchester Minerals LP DMLP | 47.2K | $1.3 million | 1.00% | +20.2K |
| Anglogold Ashanti PLC AU | 13.5K | $1.3 million | 0.96% | -22.1K |
| Western Copper & Gold Corp. WRN | 524.5K | $1.2 million | 0.88% | +85.3K |
| Seabridge Gold Inc. Com SA | 37.5K | $1.1 million | 0.81% | new |
| Aris MNG Corp. ARIS | 56.6K | $987,000 | 0.75% | new |
| Diageo plc DEO | 10.6K | $904,000 | 0.68% | +200 |
| Sprott FDS Trust URNM | 18.2K | $864,000 | 0.65% | new |
| Itaú Unibanco Holding S.A. ITUB | 52.4K | $449,000 | 0.34% | new |
| Golub Cap BDC Inc. GBDC | 31.3K | $395,000 | 0.30% | -5.0K |
| Ivanhoe Electric Inc. IE | 35.4K | $355,000 | 0.27% | no change |
| First Majestic Silver Corp. AG | 19.7K | $349,000 | 0.26% | new |
| Banco Bradesco S.A. BBD | 62.5K | $221,000 | 0.17% | new |
| I-80 Gold Corp. IAUX | 30.0K | $50,000 | 0.04% | -19.0K |