Aegis Financial Corp Q3 2018 vs. Q4 2022: The Changes in Holdings

In Q4 2022, Aegis Financial Corp's 13F filings showed significant changes in holdings compared to Q3 2018. The value of some stocks increased while others decreased, and some companies saw a boost in the number of shares held. Let's dive deeper into the changes in holdings and explore the reasons behind them.

Hallador Energy Company - Shares Increased by 2275561

Aegis Financial Corp saw a massive increase in the number of shares held in Hallador Energy Company, a coal mining company. The value of the shares held increased from $0 in Q3 2018 to $22,732,000 in Q4 2022. This surge may reflect Aegis' belief that Hallador Energy Company has strong growth potential in the future.

Peabody Energy Corp - Shares Increased by 525182

A significant increase in holdings was also seen in Peabody Energy Corp, a coal company, with an increase of 525,182 shares held. The value of the shares rose from $0 to $13,875,000. This increase in shares could be attributed to Aegis' positive outlook on the industry.

Centerra Gold Inc - Shares Increased by 1746631

Aegis Financial Corp increased its holdings in Centerra Gold Inc, a low-cost gold mining and exploration company, by 1,746,631 shares. The shares' value surged from $0 in Q3 2018 to $9,037,000 in Q4 2022. This substantial increase could signify Aegis' confidence in the gold mining industry.

Equinox Gold Corp - Shares Increased by 2593430

Aegis acquired 2,593,430 new shares of Equinox Gold Corp, a company focused on gold mining operations. The value of the shares increased from $0 in Q3 2018 to $8,480,000 in Q4 2022. The upsurge in shares could be attributed to Aegis' bullish outlook on the gold mining industry and its potential for growth.

Matrix Service Co - Shares Increased by 1158471

Aegis added 1,158,471 shares to its holdings in Matrix Service Co, a company specializing in construction, maintenance, and repair of energy and industrial infrastructure. The value of the shares surged from $0 in Q3 2018 to $7,205,000 in Q4 2022.

Adams Res & Energy Inc - Shares Increased by 142162

Aegis saw an increase in holdings in Adams Res & Energy Inc, a company primarily engaged in crude petroleum and natural gas extraction. The company added 142,162 shares, and the shares' value increased from $0 to $5,532,000. This upsurge suggests that Aegis believes there are opportunities for growth in the oil and gas industry.

Overall, Aegis Financial Corp saw significant changes in its holdings during Q4 2022 compared to Q3 2018. The company's confidence in the mining and oil and gas industries is apparent from the substantial increase in shares held in mining and exploration companies. It is interesting to see how these changes will impact Aegis Financial Corp's portfolio and returns in the future.