MINING FUND DASHBOARD
格林罗森基金 — 矿业板块最新季度持仓分析
商品资源专长 · 2026Q2 vs 2026Q1 · 净市值 $637M · 19只标的
▲ Top Net Inflows (净增持)
| 标的名称 | 品类 | 净变动/变动率 |
|---|---|---|
| ▲ ALPHA METALLURGICAL RESOUR I | Coal | +$43M +87.5% |
| ▲ WARRIOR MET COAL INC | Coal | +$21M +38.5% |
| ▲ CORE NATURAL RESOURCES INC | Coal | +$14M +18.8% |
| ▲ MOSAIC CO | Potash / Fertilizer | +$1M +6.2% |
| ▲ CAMECO CORP | Uranium | +$150K +0.2% |
| 🆕 NUTRIEN LTD | Potash / Fertilizer | 首次建仓 |
| 🆕 INTREPID POTASH INC | Potash / Fertilizer | 首次建仓 |
▼ Top Net Outflows (净减持)
| 标的名称 | 品类 | 净变动/变动率 |
|---|---|---|
| ▼ SIBANYE STILLWATER LTD | Platinum Group Metals | $-14M -26.1% |
| ▼ FREEPORT MCMORAN INC | Copper / Base Metals | $-6M -81.0% |
| ▼ URANIUM ENERGY CORP | Uranium | $-5M -15.4% |
| ▼ ENERGY FUELS INC | Uranium | $-4M -14.9% |
| ▼ IVANHOE ELECTRIC INC | Copper / Base Metals | $-3M -12.8% |
| ▼ NEXGEN ENERGY LTD | Uranium | $-3M -12.2% |
| ▼ NOVAGOLD RESOURCES INC | Gold / Silver | $-2M -31.8% |
| ▼ DENISON MINES CORP | Uranium | $-1M -6.0% |
| ▼ ORLA MNG LTD NEW | Gold / Silver | $-983K -37.9% |
| ▼ CALEDONIA MNG CORP | Gold / Silver | $-465K -13.4% |
| ✕ ALAMOS GOLD INC | Gold / Silver | -100.0% |
| ✕ EQUINOX GOLD CORP | Gold / Silver | -100.0% |
◆ Core Holdings & Allocation (核心持仓)
Top 5 重仓股
ALPHA METALLURGICAL RESOUR I$93M (14.62%)
NUTRIEN LTD$92M (14.38%)
CAMECO CORP$91M (14.28%)
CORE NATURAL RESOURCES INC$88M (13.83%)
WARRIOR MET COAL INC$77M (12.12%)
商品配置矩阵 (QoQ)
Coal+7.5%33.1% → 40.6%
Uranium-6.9%34.1% → 27.2%
Potash / Fertilizer+15.5%4.3% → 19.8%
Platinum Group Metals-3.6%9.7% → 6.1%
Gold / Silver-9.9%11.3% → 1.4%
Copper / Base Metals-2.5%7.1% → 4.6%
Royalty / Streaming-0.1%0.4% → 0.3%
📈 增持复盘分析
本季度格林罗森基金矿业总敞口$637M（2026Q2），较上季+$94M(+17.3%)持仓19只矿业标的。主力增仓赛道锁定Potash / Fertilizer，核心敞口集中在Coal（40.6%权重）。
📉 减持复盘分析
减持端主要动向集中在Gold / Silver板块，其中SIBANYE STILLWATER LTD净流出$-14M，反映出对前期拥挤品种的战术性获利了结。整体减仓有序，未见恐慌性清仓信号。
🔄 行业轮动特征
商品配置结构演变：Potash / Fertilizer +15.5%；Gold / Silver -9.9%；Coal +7.5%。该基金在矿业配置上展现出商品资源专长的典型特征，以商品周期择时为主逻辑。
⚠ 投研核心关注
出现2只标的清仓，需核实是否为策略性清理｜大额新建仓NUTRIEN LTD，关注后续持仓稳定性
MINING DASHBOARD · Goehring & Rozencwajg · 2026Q2 · 2026-08-18 16:10