Extract Advisors LLC

CALABASAS, CA · CIK 1703148 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2019 · limited liability company

Assets managed$914.4m
Staff9 · 9 in investment roles
Main clients (by assets)Private funds 100%
Private funds4 (2 hedge) · $914.4m gross assets
Websiteextractcapital.com
Form ADV · 2026-03-20SEC adviser record

Legal entityEXTRACT ADVISORS LLC (US)

$144.9m reported value +0.2% vs Q1 2026

22positions

82.4%in top 10

7 new 7 added 5 reduced 6 sold out vs Q1 2026

Options: 3 call positions ($29.9m notional), 6 put positions ($183.1m notional) – listed below, not included above.

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	ROYAL GOLD INC COM RGLD	RGLD	142,332	$28.4m19.60%	19.60%	Added +22.0k	+22,000 18.3%
2	ELEMENTAL RTY CORP COM NEW ELE	ELE	934,458	$16.3m11.26%	11.26%	Reduced -162.8k	-162,750 -14.8%
3	IAMGOLD CORP COM IAG	IAG	860,162	$13.6m9.40%	9.40%	Added +3.5k	+3,550 0.4%
4	AGNICO EAGLE MINES LTD COM AEM	AEM	74,827	$11.6m8.01%	8.01%	Added +47.0k	+47,017 169.1%
5	SSR MINING IN COM SSRM	SSRM	389,776	$11.0m7.61%	7.61%	Reduced -52.8k	-52,764 -11.9%
6	OR ROYALTIES INC. COM SHS OR	OR	295,316	$9.3m6.44%	6.44%	Added +140.0k	+140,000 90.1%
7	CENTERRA GOLD INC COM CGAU	CGAU	545,600	$8.7m5.97%	5.97%	Unchanged
8	WHEATON PRECIOUS METALS CORP COM WPM	WPM	63,990	$7.2m4.96%	4.96%	Added +3.9k	+3,900 6.5%
9	METALLA RTY & STREAMING LTD COM NEW MTA	MTA	928,961	$7.1m4.88%	4.88%	New
10	HUDBAY MINERALS INC COM HBM	HBM	260,000	$6.1m4.24%	4.24%	New
11	FORTUNA MNG CORP COM NEW FSM	FSM	575,000	$4.9m3.35%	3.35%	New
12	URANIUM ENERGY CORP COM UEC	UEC	422,157	$4.5m3.10%	3.10%	New
13	WARRIOR MET COAL INC COM HCC	HCC	52,944	$4.3m2.96%	2.96%	Reduced -20.0k	-20,000 -27.4%
14	NEXGEN ENERGY LTD COM NXE	NXE	397,612	$3.7m2.58%	2.58%	Reduced -54.5k	-54,526 -12.1%
15	NEXMETALS MINING CORP. COM NEW NEXM	NEXM	826,606	$2.0m1.35%	1.35%	Added +11.4k	+11,400 1.4%
16	VIZSLA SILVER CORP COM NEW VZLA	VZLA	473,360	$1.6m1.08%	1.08%	New
17	DENISON MINES CORP COM DNN	DNN	500,000	$1.5m1.06%	1.06%	Unchanged
18	ALCOA CORP COM AA	AA	29,000	$1.5m1.04%	1.04%	New
19	LIFEZONE METALS LIMITED ORD SHS LZM	LZM	136,754	$530.6k0.37%	0.37%	Unchanged
20	FURY GOLD MINES LIMITED COM FURY	FURY	958,500	$517.6k0.36%	0.36%	New
21	LIFEZONE METALS LIMITED *W EXP 07/05/202 LZM.WS	LZM.WS	1,105,751	$453.4k0.31%	0.31%	Added +166.2k	+166,173 17.7%
22	ANFIELD ENERGY INC COM NEW AEC	AEC	27,429	$119.9k0.08%	0.08%	Reduced -148.8k	-148,843 -84.4%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PERPETUA RESOURCES CORP PPTA	PPTA	229,000	$6.4m229.0k shares
GOLD ROYALTY CORP GROY	GROY	1,348,303	$4.8m1.3m shares
SPROTT FDS TR NIKL	NIKL	175,000	$2.8m175.0k shares
ANGLOGOLD ASHANTI PLC AU	AU	15,000	$1.5m15.0k shares
NEWMONT CORP NEM	NEM	9,100	$985.1k9.1k shares
COEUR MNG INC CDE	CDE	50,000	$938.5k50.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	202,500	$151.2m202.5k shares	Added
B2GOLD CORP BTG · Put	BTG	Put	6,003,000	$22.5m6.0m shares	New
VIZSLA SILVER CORP VZLA · Call	VZLA	Call	3,125,000	$10.3m3.1m shares	Added
COEUR MNG INC CDE · Call	CDE	Call	620,000	$10.1m620.0k shares	Reduced
AMERICAS GOLD AND SILVER COR USAS · Call	USAS	Call	2,000,000	$9.4m2.0m shares	New
ALMONTY INDS INC ALM · Put	ALM	Put	250,000	$4.1m250.0k shares	Unchanged
HYCROFT MINING HOLDING CORP HYMC · Put	HYMC	Put	100,000	$2.3m100.0k shares	Reduced
NEW PAC METALS CORP NEWP · Put	NEWP	Put	500,000	$2.0m500.0k shares	New
AVINO SILVER & GOLD MINES LT ASM · Put	ASM	Put	150,000	$951.0k150.0k shares	New

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
NEXMETALS MINING CORP. NEXM · 13G · filed 2026-05-15	NEXM	7.6%≈ $6.7m	+2.2 pts	13G	2026-05-15
ANFIELD ENERGY INC AEC · 13G · filed 2026-05-15	AEC	6.6%≈ $5.6m	-2.9 pts	13G	2026-05-15