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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q4 | Jan 11, 2026 | MJG Capital Fund, LP | 0.0% | 109.3% | ALS.TO, BRVO.TO, ELE.TO, KLD.TO, KRY.TO, LRA.TO, RDG.TO | commodities, Copper, Critical Minerals, Exploration, Mining, natural resources, Precious Metals | The MJG partnership's exposure to copper has increased to 43% of the weighted portfolio across seven different investments, marking the highest weighting towards a single metal since gold exceeded 50% in mid 2020. Each copper-focused position presents opportunity for share price appreciation through the drill bit, permitting success, or M&A activity without reliance on further increases to the copper price. The MJG partnership benefitted from ferocious performance by precious metals, with gold increasing 65%, silver 148%, platinum 126%, and palladium 81% in 2025. However, silver's parabolic move historically signals pain ahead for precious metals investors, prompting the partnership to reduce precious metals exposure below 30% of the portfolio. The resurgence of mining investment within the United States is driven primarily by brinksmanship between China and the United States over critical minerals. The MJG partnership's US-focused investments comprised 30% of the weighted portfolio entering 2025 and outperformed the broader portfolio. The MJG partnership's exposure to the prospect generation business model has increased to 37% of the weighted portfolio across seven different positions. 2026 is set up for a boom in exploration activity, with high-quality prospect generators and explorers set to benefit from increased interest by investors and strategics alike. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||