TSP Capital Management Group, LLC

Summit, NJ · CIK 1317208 · 13F filing filed 2026-07-31

SEC-registered investment adviser since 2004 · limited liability company

Assets managed$553.3m
Staff5 · 2 in investment roles
Main clients (by assets)High net worth individuals 85%, Individuals 5%, Charities 5%
Websitetspcapitalmgt.com
Form ADV · 2026-03-20SEC adviser record

$418.0m reported value +2.0% vs Q1 2026

43positions

51.8%in top 10

43 new 0 added 0 reduced 45 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change
1	ADEIA INC COM ADEA	ADEA	885,551	$29.2m6.98%	6.98%	New
2	COEUR MNG INC COM NEW CDE	CDE	1,736,886	$28.3m6.78%	6.78%	New
3	NOKIA CORP SPONSORED ADR NOK	NOK	2,056,442	$27.3m6.53%	6.53%	New
4	TRILOGY METALS INC NEW COM TMQ	TMQ	6,777,100	$23.8m5.69%	5.69%	New
5	COMPANIA DE MINAS BUENAVENTU SPONSORED ADR BVN	BVN	692,369	$20.3m4.85%	4.85%	New
6	MAUI LD & PINEAPPLE INC COM MLP	MLP	1,098,901	$19.5m4.67%	4.67%	New
7	CIA ENERGETICA DE MINAS GERA SP ADR N-V PFD CIG	CIG	9,123,551	$19.2m4.58%	4.58%	New
8	CORTEVA INC COM CTVA	CTVA	211,579	$17.9m4.29%	4.29%	New
9	MANNKIND CORP COM NEW MNKD	MNKD	3,972,675	$16.9m4.05%	4.05%	New
10	ISHARES SILVER TR ISHARES SLV	SLV	264,925	$14.2m3.39%	3.39%	New
11	CONSOLIDATED WATER CO INC ORD CWCO	CWCO	479,200	$14.1m3.38%	3.38%	New
12	CELLDEX THERAPEUTICS INC NEW COM NEW CLDX	CLDX	371,127	$13.8m3.30%	3.30%	New
13	FREEPORT-MCMORAN INC CL B FCX	FCX	213,575	$13.4m3.21%	3.21%	New
14	NOVAVAX INC COM NEW NVAX	NVAX	1,419,365	$13.4m3.20%	3.20%	New
15	MIDDLESEX WTR CO COM MSEX	MSEX	211,037	$11.9m2.84%	2.84%	New
16	XYLEM INC COM XYL	XYL	88,018	$10.4m2.49%	2.49%	New
17	NEWMONT CORP COM NEM	NEM	103,966	$9.7m2.32%	2.32%	New
18	GLOBAL WTR RES INC COM GWRS	GWRS	1,340,305	$9.7m2.32%	2.32%	New
19	STRATASYS LTD SHS SSYS	SSYS	1,111,050	$9.5m2.28%	2.28%	New
20	SIBANYE STILLWATER LTD SPONSORED ADR SBSW	SBSW	1,097,375	$9.3m2.23%	2.23%	New
21	WASTE MGMT INC DEL COM WM	WM	41,465	$9.2m2.21%	2.21%	New
22	WESTERN UN CO COM WU	WU	1,125,159	$8.7m2.07%	2.07%	New
23	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	63,410	$8.3m2.00%	2.00%	New
24	SPDR GOLD TR GOLD SHS GLD	GLD	20,414	$7.5m1.80%	1.80%	New
25	XPERI INC COMMON STOCK XPER	XPER	879,076	$7.2m1.73%	1.73%	New
26	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	213,942	$5.7m1.36%	1.36%	New
27	BARINGS GLOBAL SHORT DURATIO COM BGH	BGH	402,228	$5.7m1.36%	1.36%	New
28	AMERICA MOVIL SAB DE CV SPON ADS RP CL B AMX	AMX	189,121	$4.9m1.18%	1.18%	New
29	MERCK & CO INC COM MRK	MRK	37,594	$4.8m1.16%	1.16%	New
30	BARINGS PARTN INVS SH BEN INT MPV	MPV	276,671	$4.7m1.11%	1.11%	New
31	KAYNE ANDERSON ENERGY INFRST COM KYN	KYN	270,525	$3.7m0.90%	0.90%	New
32	HANCOCK JOHN PFD INCOME FD SH BEN INT HPI	HPI	202,635	$3.3m0.79%	0.79%	New
33	ENBRIDGE INC COM ENB	ENB	44,251	$2.4m0.57%	0.57%	New
34	DUKE ENERGY CORP NEW COM NEW DUK	DUK	17,627	$2.2m0.53%	0.53%	New
35	BARINGS CORPORATE INVS COM MCI	MCI	86,732	$1.5m0.36%	0.36%	New
36	CISCO SYS INC COM CSCO	CSCO	11,100	$1.3m0.31%	0.31%	New
37	PITNEY BOWES INC COM PBI	PBI	61,300	$1.1m0.26%	0.26%	New
38	KIMBELL RTY PARTNERS LP UNIT KRP	KRP	67,850	$985.9k0.24%	0.24%	New
39	MEDTRONIC PLC SHS MDT	MDT	10,200	$797.9k0.19%	0.19%	New
40	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	12,175	$701.5k0.17%	0.17%	New
41	PFIZER INC COM PFE	PFE	27,500	$662.2k0.16%	0.16%	New
42	WEYERHAEUSER CO MTN BE COM NEW WY	WY	20,811	$498.2k0.12%	0.12%	New
43	CONAGRA BRANDS INC COM CAG	CAG	13,650	$183.7k0.04%	0.04%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
COEUR MNG INC CDE	CDE	1,739,411	$32.6m1.7m shares
COMPANIA DE MINAS BUENAVENTU BVN	BVN	693,133	$25.0m693.1k shares
ADEIA INC ADEA	ADEA	1,011,627	$24.3m1.0m shares
TRILOGY METALS INC NEW TMQ	TMQ	6,754,500	$24.2m6.8m shares
CIA ENERGETICA DE MINAS GERA CIG	CIG	9,123,551	$21.8m9.1m shares
NOKIA CORP NOK	NOK	2,495,192	$20.1m2.5m shares
ISHARES SILVER TR SLV	SLV	264,925	$18.1m264.9k shares
CORTEVA INC CTVA	CTVA	211,598	$17.7m211.6k shares
MAUI LD & PINEAPPLE INC MLP	MLP	1,102,001	$17.0m1.1m shares
CONSOLIDATED WATER CO INC CWCO	CWCO	479,200	$15.9m479.2k shares
FREEPORT-MCMORAN INC FCX	FCX	213,925	$12.6m213.9k shares
SIBANYE STILLWATER LTD SBSW	SBSW	972,375	$12.0m972.4k shares
CELLDEX THERAPEUTICS INC NEW CLDX	CLDX	375,127	$11.9m375.1k shares
NOVAVAX INC NVAX	NVAX	1,390,565	$11.3m1.4m shares
NEWMONT CORP NEM	NEM	103,966	$11.3m104.0k shares
MIDDLESEX WTR CO MSEX	MSEX	210,332	$10.9m210.3k shares
XYLEM INC XYL	XYL	88,014	$10.5m88.0k shares
WESTERN UN CO WU	WU	1,091,864	$9.5m1.1m shares
WASTE MGMT INC DEL WM	WM	41,465	$9.5m41.5k shares
GLOBAL WTR RES INC GWRS	GWRS	1,182,144	$9.0m1.2m shares
SPDR GOLD TR GLD	GLD	20,414	$8.8m20.4k shares
STRATASYS LTD SSYS	SSYS	1,110,850	$8.7m1.1m shares
MANNKIND CORP MNKD	MNKD	3,343,975	$8.2m3.3m shares
AMERICAN WTR WKS CO INC NEW AWK	AWK	57,210	$7.8m57.2k shares
WARNER BROS DISCOVERY INC WBD	WBD	214,392	$5.9m214.4k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
MAUI LD & PINEAPPLE INC MLP · 13G · filed 2026-10-16	MLP	5.6%≈ $19.7m	no change	13G	2026-10-16
GLOBAL WTR RES INC GWRS · 13G · filed 2026-10-16	GWRS	5.1%≈ $10.7m	new	13G	2026-10-16