| Stock | Ownership Trend | Portfolio % | Prev Q % | Q2 2026 Value | Q2 2026 Shares | Prev Q Value | Prev Q Shares | Shares Change | Action |
|---|---|---|---|---|---|---|---|---|---|
| SSEA LTD SPONSORD ADSSE | 30.18% | 28.33% | $31.1M | 325,000 | $25.7M | 310,000 | +15,000+4.84% | Add | |
 | 24.55% | 32.07% | $25.3M | 210,000 | $29.1M | 350,000 | -140,000-40.00% | Reduce | |
 | 18.72% | 21.42% | $19.3M | 325,000 | $19.4M | 375,000 | -50,000-13.33% | Reduce | |
| EELDORADO GOLD CORP NEWEGO | 15.06% | — | $15.5M | 500,000 | $0 | 0 | +500,000 | New Buy | |
 | 11.49% | 18.18% | $11.9M | 130,000 | $16.5M | 150,000 | -20,000-13.33% | Reduce |
