Old West Investment Management, LLC

Los Angeles, CA · CIK 1549358 · 13F filing filed 2026-08-06

SEC-registered investment adviser since 2008 · limited liability company

Assets managed$915.7m
Staff8 · 8 in investment roles
Main clients (by assets)Private funds 56%, High net worth individuals 36%, State and local governments 3%
Private funds3 (3 hedge) · $508.8m gross assets
Websiteoldwestim.com
Form ADV · 2026-03-30SEC adviser record

Legal entityOLD WEST INVESTMENT MANAGEMENT, LLC (US)

$944.2m reported value +2.3% vs Q1 2026

124positions

26.7%in top 10

14 new 56 added 24 reduced 13 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	Shares change
1	BRUKER CORP COM BRKR	BRKR	667,103	$40.1m4.25%	4.25%	Added +26.1k	+26,103 4.1%
2	OCEANEERING INTL INC COM OII	OII	693,549	$28.1m2.98%	2.98%	Reduced -3.6k	-3,644 -0.5%
3	TIDEWATER INC NEW COM TDW	TDW	393,788	$26.2m2.78%	2.78%	Reduced -16.5k	-16,469 -4.0%
4	LOCKHEED MARTIN CORP COM LMT	LMT	48,441	$24.7m2.61%	2.61%	Reduced -814	-814 -1.6%
5	ILLUMINA INC COM ILMN	ILMN	127,804	$22.5m2.38%	2.38%	Added +104.4k	+104,416 446.4%
6	SUNCOR ENERGY INC NEW COM SU	SU	418,292	$22.5m2.38%	2.38%	Added +5.1k	+5,145 1.2%
7	SCHLUMBERGER LTD COM STK SLB	SLB	479,478	$22.3m2.36%	2.36%	Reduced -12.5k	-12,474 -2.5%
8	CANADIAN NAT RES LTD COM CNQ	CNQ	556,966	$22.0m2.33%	2.33%	Reduced -12.4k	-12,382 -2.2%
9	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	11,000	$21.9m2.32%	2.32%	Reduced -1.5k	-1,543 -12.3%
10	TRILOGY METALS INC NEW COM TMQ	TMQ	6,092,657	$21.4m2.26%	2.26%	Added +1.4m	+1,390,945 29.6%
11	SKYWORKS SOLUTIONS INC COM SWKS	SWKS	295,073	$20.0m2.12%	2.12%	Added +139.2k	+139,204 89.3%
12	CAMECO CORP COM CCJ	CCJ	193,664	$19.7m2.09%	2.09%	Reduced -483	-483 -0.2%
13	NEXGEN ENERGY LTD COM NXE	NXE	2,035,633	$19.1m2.02%	2.02%	Added +94.0k	+94,037 4.8%
14	ANTERO RESOURCES CORP COM AR	AR	533,355	$18.7m1.99%	1.99%	Reduced -115.0k	-114,967 -17.7%
15	NOKIA CORP SPONSORED ADR NOK	NOK	1,359,833	$18.1m1.91%	1.91%	Reduced -178.9k	-178,898 -11.6%
16	CORE NATURAL RESOURCES INC COM SHS CNR	CNR	219,914	$17.6m1.86%	1.86%	Reduced -73.2k	-73,249 -25.0%
17	AXCELIS TECHNOLOGIES INC COM NEW ACLS	ACLS	90,334	$17.1m1.81%	1.81%	Added +47.9k	+47,853 112.7%
18	NUTRIEN LTD COM NTR	NTR	259,047	$16.3m1.73%	1.73%	Reduced -131.3k	-131,301 -33.6%
19	AIR PRODS & CHEMS INC COM APD	APD	55,058	$16.1m1.71%	1.71%	Reduced -26.9k	-26,871 -32.8%
20	EXPAND ENERGY CORPORATION COM EXE	EXE	174,743	$15.9m1.69%	1.69%	New
21	EQT CORP COM EQT	EQT	297,454	$15.8m1.68%	1.68%	New
22	BOEING CO COM BA	BA	69,454	$15.0m1.59%	1.59%	Added +22.6k	+22,559 48.1%
23	BUNGE GLOBAL SA COM SHS BG	BG	135,751	$14.5m1.53%	1.53%	Added +2.1k	+2,141 1.6%
24	UNION PAC CORP COM UNP	UNP	52,870	$14.4m1.52%	1.52%	Added +15.9k	+15,945 43.2%
25	RIO TINTO PLC SPONSORED ADR RIO	RIO	145,736	$13.8m1.47%	1.47%	Added +27.0k	+26,959 22.7%
26	FERROGLOBE PLC SHS GSM	GSM	4,201,296	$13.4m1.42%	1.42%	Added +274.7k	+274,677 7.0%
27	FLUOR CORP NEW COM FLR	FLR	254,781	$13.3m1.41%	1.41%	Added +222.8k	+222,842 697.7%
28	FREEPORT-MCMORAN INC CL B FCX	FCX	209,137	$13.2m1.39%	1.39%	Added +56.8k	+56,750 37.2%
29	RANGE RES CORP COM RRC	RRC	344,829	$12.8m1.36%	1.36%	Reduced -182.5k	-182,489 -34.6%
30	ALBEMARLE CORP COM ALB	ALB	94,373	$12.7m1.35%	1.35%	Added +6.2k	+6,191 7.0%
31	GE VERNOVA INC COM GEV	GEV	10,815	$12.7m1.35%	1.35%	Unchanged
32	CF INDS HLDGS INC COM CF	CF	115,640	$12.5m1.33%	1.33%	Reduced -52.9k	-52,875 -31.4%
33	ALCOA CORP COM AA	AA	236,718	$12.3m1.31%	1.31%	Added +15.1k	+15,123 6.8%
34	NORTHROP GRUMMAN CORP COM NOC	NOC	24,203	$12.3m1.31%	1.31%	Reduced -3.3k	-3,336 -12.1%
35	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	22,326	$11.2m1.18%	1.18%	Added +975	+975 4.6%
36	IPERIONX LTD SPONSORED ADS IPX	IPX	345,185	$10.3m1.09%	1.09%	Added +334.5k	+334,533 3140.6%
37	VERTIV HOLDINGS CO COM CL A VRT	VRT	30,458	$10.2m1.08%	1.08%	Added +1.6k	+1,625 5.6%
38	ALAMOS GOLD INC NEW COM CL A AGI	AGI	335,867	$10.2m1.08%	1.08%	Added +13.5k	+13,483 4.2%
39	AGNICO EAGLE MINES LTD COM AEM	AEM	64,372	$10.0m1.06%	1.06%	Added +5.1k	+5,063 8.5%
40	ALPHA METALLURGICAL RESOUR I COM AMR	AMR	60,213	$9.9m1.05%	1.05%	Added +23.7k	+23,738 65.1%
41	IPG PHOTONICS CORP COM IPGP	IPGP	81,189	$9.5m1.01%	1.01%	Added +44.0k	+43,969 118.1%
42	GLOBALFOUNDRIES INC ORDINARY SHARES GFS	GFS	113,860	$9.4m0.99%	0.99%	Reduced -37.3k	-37,265 -24.7%
43	NOBLE CORP PLC ORD SHS A NE	NE	215,153	$8.0m0.85%	0.85%	Added +3.7k	+3,729 1.8%
44	DOW INC COM DOW	DOW	280,847	$7.7m0.81%	0.81%	Added +34.3k	+34,321 13.9%
45	NAVITAS SEMICONDUCTOR CORP COM NVTS	NVTS	427,322	$7.7m0.81%	0.81%	Added +368.2k	+368,161 622.3%
46	CHEMOURS CO COM CC	CC	348,549	$7.2m0.76%	0.76%	Added +31.2k	+31,220 9.8%
47	WEATHERFORD INTL PLC ORD SHS WFRD	WFRD	84,547	$6.9m0.73%	0.73%	Added +1.6k	+1,648 2.0%
48	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	127,282	$6.7m0.71%	0.71%	Unchanged
49	APPLIED MATLS INC COM AMAT	AMAT	9,200	$6.7m0.70%	0.70%	Unchanged
50	OLIN CORP COM PAR $1 OLN	OLN	323,869	$6.4m0.68%	0.68%	Added +131.5k	+131,498 68.4%
51	PBF ENERGY INC CL A PBF	PBF	140,690	$6.4m0.68%	0.68%	Unchanged
52	FORD MTR CO COM F	F	459,863	$6.4m0.68%	0.68%	Added +437.2k	+437,203 1929.4%
53	EAST WEST BANCORP INC COM EWBC	EWBC	47,795	$6.2m0.65%	0.65%	Unchanged
54	ALMONTY INDS INC COM NEW ALM	ALM	356,146	$5.9m0.62%	0.62%	Unchanged
55	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	616,022	$5.8m0.61%	0.61%	New
56	CSX CORP COM CSX	CSX	118,908	$5.7m0.60%	0.60%	Added +13.3k	+13,258 12.6%
57	CELANESE CORP DEL COM CE	CE	122,485	$5.6m0.60%	0.60%	Added +29.7k	+29,716 32.0%
58	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	341,645	$5.5m0.58%	0.58%	Unchanged
59	CANADIAN NATL RY CO COM CNI	CNI	46,220	$5.5m0.58%	0.58%	Added +5.3k	+5,265 12.9%
60	TMC THE METALS COMPANY INC COM TMC	TMC	1,204,038	$5.3m0.56%	0.56%	Unchanged
61	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	14,775	$5.2m0.55%	0.55%	Unchanged
62	WOLFSPEED INC COMMON STOCK WOLF	WOLF	106,661	$5.1m0.55%	0.55%	Added +83.2k	+83,179 354.2%
63	CANADIAN PACIFIC KANSAS CITY COM CP	CP	58,985	$5.1m0.54%	0.54%	Added +7.0k	+6,955 13.4%
64	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	10,083	$5.1m0.54%	0.54%	Added +7.8k	+7,795 340.7%
65	CATERPILLAR INC COM CAT	CAT	4,458	$4.7m0.50%	0.50%	Unchanged
66	VEECO INSTRS INC DEL COM VECO	VECO	62,423	$4.7m0.50%	0.50%	Reduced -18.2k	-18,222 -22.6%
67	TECK RESOURCES LTD CL B TECK	TECK	76,133	$4.5m0.48%	0.48%	New
68	NORFOLK SOUTHN CORP COM NSC	NSC	14,315	$4.5m0.48%	0.48%	Unchanged
69	COMSTOCK RES INC COM CRK	CRK	275,083	$4.1m0.43%	0.43%	New
70	BANK AMERICA CORP COM BAC	BAC	71,334	$4.1m0.43%	0.43%	Unchanged
71	COHERENT CORP COM COHR	COHR	10,000	$3.9m0.42%	0.42%	Unchanged
72	MKS INC. COM MKSI	MKSI	8,790	$3.9m0.41%	0.41%	Unchanged
73	ODYSSEY MARINE EXPL INC COM NEW OMEX	OMEX	4,502,674	$3.8m0.41%	0.41%	Reduced -270.5k	-270,522 -5.7%
74	GOLAR LNG LTD SHS GLNG	GLNG	76,478	$3.8m0.40%	0.40%	Added +3.2k	+3,231 4.4%
75	LITHIUM AMERS CORP NEW COM SHS LAC	LAC	890,484	$3.4m0.36%	0.36%	Added +50.6k	+50,629 6.0%
76	AMETEK INC COM AME	AME	12,970	$3.1m0.33%	0.33%	Unchanged
77	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	4,260	$2.8m0.30%	0.30%	Unchanged
78	APPLE INC COM AAPL	AAPL	9,685	$2.8m0.30%	0.30%	Unchanged
79	VALE S A SPONSORED ADS VALE	VALE	171,456	$2.6m0.27%	0.27%	Added +79.4k	+79,376 86.2%
80	ATI INC COM ATI	ATI	12,555	$2.5m0.26%	0.26%	Unchanged
81	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	8,415	$2.4m0.26%	0.26%	Unchanged
82	GENIE ENERGY LTD CL B GNE	GNE	160,600	$2.3m0.25%	0.25%	Unchanged
83	STELLANTIS N.V SHS STLA	STLA	403,107	$2.3m0.25%	0.25%	New
84	CTS CORP COM CTS	CTS	33,814	$2.2m0.23%	0.23%	Added +2.6k	+2,555 8.2%
85	RALLIANT CORP COM RAL	RAL	29,903	$2.2m0.23%	0.23%	Added +2.9k	+2,913 10.8%
86	LAM RESEARCH CORP COM NEW LRCX	LRCX	5,000	$2.2m0.23%	0.23%	New
87	MATERION CORP COM MTRN	MTRN	7,176	$2.1m0.23%	0.23%	Added +837	+837 13.2%
88	VERIZON COMMUNICATIONS INC COM VZ	VZ	48,293	$2.0m0.22%	0.22%	Added +38.6k	+38,634 400.0%
89	DENISON MINES CORP COM DNN	DNN	661,255	$2.0m0.21%	0.21%	Added +51.8k	+51,820 8.5%
90	MOSAIC CO NEW COM MOS	MOS	84,786	$1.8m0.19%	0.19%	Reduced -61.1k	-61,139 -41.9%
91	ATKORE INC COM ATKR	ATKR	22,737	$1.7m0.18%	0.18%	Added +9.7k	+9,720 74.7%
92	KINDER MORGAN INC DEL COM KMI	KMI	53,418	$1.7m0.18%	0.18%	Added +38.3k	+38,339 254.2%
93	NOV INC COM NOV	NOV	91,306	$1.7m0.18%	0.18%	Added +8.9k	+8,942 10.9%
94	POWER INTEGRATIONS INC COM POWI	POWI	18,536	$1.6m0.16%	0.16%	Added +2.5k	+2,544 15.9%
95	HUNTSMAN CORP COM HUN	HUN	131,927	$1.4m0.15%	0.15%	Reduced -226.9k	-226,945 -63.2%
96	MP MATERIALS CORP COM CL A MP	MP	22,300	$1.2m0.13%	0.13%	Unchanged
97	LINDE PLC SHS LIN	LIN	2,320	$1.2m0.13%	0.13%	Unchanged
98	LITHIUM ARGENTINA AG COM SHS LAR	LAR	143,072	$1.2m0.13%	0.13%	Added +23.9k	+23,854 20.0%
99	CABOT CORP COM CBT	CBT	12,326	$1.1m0.12%	0.12%	New
100	SCIENCE APPLICATIONS INTL CO COM SAIC	SAIC	9,800	$1.1m0.11%	0.11%	Added +2.2k	+2,194 28.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
VIPER ENERGY INC VNOM	VNOM	231,780	$10.9m231.8k shares
SS&C TECHNOLOGIES HLDGS INC SSNC	SSNC	100,419	$6.8m100.4k shares
VALARIS LTD VAL	VAL	67,190	$6.6m67.2k shares
GLOBUS MED INC GMED	GMED	72,672	$6.3m72.7k shares
ENERGY TRANSFER L P ET	ET	219,080	$4.2m219.1k shares
MURPHY OIL CORP MUR	MUR	100,000	$4.1m100.0k shares
U HAUL HOLDING COMPANY UHAL	UHAL	79,320	$3.8m79.3k shares
ALLEGION PLC ALLE	ALLE	24,978	$3.6m25.0k shares
BUILDERS FIRSTSOURCE INC BLDR	BLDR	42,219	$3.5m42.2k shares
CADRE HLDGS INC CDRE	CDRE	73,821	$2.3m73.8k shares
AGILENT TECHNOLOGIES INC A	A	17,385	$2.0m17.4k shares
VISA INC V	V	6,510	$2.0m6.5k shares
BRASKEM S A BAK	BAK	140,593	$514.6k140.6k 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
ODYSSEY MARINE EXPL INC OMEX · 13G · filed 2026-05-12	OMEX	8.2%≈ $4.1m	new	13G	2026-05-12