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Livermore
Livermore
ZHEN

Extract Advisors LLC

SEC CIK
0001703148
Latest filing
Aug 14, 2026

The latest 13F from Extract Advisors LLC covers Q2 2026 (filed Aug 14, 2026): 22 long positions worth $144.9M. The top 10 holdings make up 82.4% of the portfolio, and the largest is Royal Gold Inc (RGLD) at 19.6%. Livermore has 3 filings on Form 13F from this institution, going back to Q4 2025.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
7
Est. +$26.2M
Added
7
Est. +$16.7M
Reduced
5
Est. −$7.12M
Sold out
6
Est. −$17.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. RGLDRoyal Gold Inc
    19.6%$28.4MHistory
  2. ELEElemental Royalty Corp
    11.3%$16.3MHistory
  3. IAGIamgold Corp
    9.4%$13.6MHistory
  4. AEMAgnico Eagle Mines Ltd
    8.0%$11.6MHistory
  5. SSRMSSR Mining Inc.
    7.6%$11.0MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AEMAgnico Eagle Mines Ltd
    +$7.29MAddedHistory
  2. MTAMetalla Royalty & Streaming Ltd.
    +$7.07MNewHistory
  3. HBMHudbay Minerals Inc.
    +$6.14MNewHistory
  4. FSMFortuna Mining Corp.
    +$4.86MNewHistory
  5. UECUranium Energy Corp
    +$4.50MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MTAMetalla Royalty & Streaming Ltd.
    +4.88 pp0.0% → 4.9%History
  2. HBMHudbay Minerals Inc.
    +4.24 pp0.0% → 4.2%History
  3. AEMAgnico Eagle Mines Ltd
    +4.11 pp3.9% → 8.0%History
  4. FSMFortuna Mining Corp.
    +3.35 pp0.0% → 3.4%History
  5. UECUranium Energy Corp
    +3.10 pp0.0% → 3.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PPTAPerpetua Resources Corp.
    −$6.44MSold outHistory
  2. GROYGold Royalty Corp.
    −$4.83MSold outHistory
  3. ELEElemental Royalty Corp
    −$2.84MReducedHistory
  4. Sprott FDS Tr85208P600
    −$2.80MSold out
  5. HCCWarrior Met Coal, Inc.
    −$1.62MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. PPTAPerpetua Resources Corp.
    −4.45 pp4.5% → 0.0%History
  2. GROYGold Royalty Corp.
    −3.34 pp3.3% → 0.0%History
  3. ELEElemental Royalty Corp
    −3.03 pp14.3% → 11.3%History
  4. Sprott FDS Tr85208P600
    −1.94 pp1.9% → 0.0%
  5. HCCWarrior Met Coal, Inc.
    −1.73 pp4.7% → 3.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$144.9M
+$300.8K (+0.2%) vs. prior quarter
Positions
22
+1 vs. prior quarter
Top 10 concentration
82.4%
Top 10 as share of value
Turnover
17.0%
Q2 2026, one quarter
Average holding period
2.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2025), so positions held before then are understated.

13F filings by quarter

3 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $183.1M (Q4 2025)

Q4 2025: $183.1MQ1 2026: $144.6MQ2 2026: $144.9M
Q4 2025Q2 2026
13F filings of Extract Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202622$144.9MRGLDELEIAGvs. Q1 2026SEC
Q1 2026May 15, 202621$144.6MRGLDELEIAGvs. Q4 2025SEC
Q4 2025Feb 13, 202619$183.1MRGLDELEIAG–SEC

13D and 13G filings

Companies where Extract Advisors LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Extract Advisors LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
NEXMNexMetals Mining Corp.13G/A7.60%2.84M shares+2.20 ppfrom 5.40%Feb 13, 20263 filingsMay 15, 2026SEC
AECAnfield Energy Inc.13G/A6.60%1.28M shares−2.90 ppfrom 9.50%Feb 13, 20262 filingsMay 15, 2026SEC

Latest filings

10 filings on file made by Extract Advisors LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Extract Advisors LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
NEXMNexMetals Mining Corp.May 15, 20265:20 PM ET13G/A7.60%2.84M shares+2.20 ppfrom 5.40%Mar 31, 2026SEC
NEXMNexMetals Mining Corp.May 15, 20265:14 PM ET13G/A5.40%1.97M shares+0.40 ppfrom 5.00%Mar 2, 2026SEC
AECAnfield Energy Inc.May 15, 20265:05 PM ET13G/A6.60%1.28M shares−2.90 ppfrom 9.50%Mar 31, 2026SEC
NEXMNexMetals Mining Corp.Feb 13, 20262:53 PM ET13G5.00%1.83M sharesNewDec 31, 2025SEC
AECAnfield Energy Inc.Feb 13, 20262:49 PM ET13G9.50%1.65M sharesNewSep 17, 2025SEC
EMX Royalty CorpCommon SharesNov 7, 20251:54 PM ET13G/A4.60%5.00M shares−3.40 ppfrom 8.00%Below 5%Sep 30, 2025SEC
EMX Royalty CorpCommon SharesFeb 14, 202510:06 AM ET13G/A8.00%8.84M shares–Dec 31, 2024SEC
EMX Royalty CorpFeb 13, 202413G/AOld format–––SEC
EMX Royalty CorpDec 26, 202313GOld format–New–SEC
HNRGHallador Energy CoFeb 4, 202113G/AOld format–––SEC