Commodity Discovery Fund

Fund

Dutch discovery-focused fund founded by Willem Middelkoop in 2008, roughly EUR 200M portfolio.

21 tracked positions · from fund disclosures

21 tracked · Fund disclosure · Disclosure as of Mar 31, 2026 · Fact sheets, corporate

Commodity Discovery Fund is a Dutch discovery-focused fund founded by Willem Middelkoop in 2008. The fund invests in Tier One and Tier Two discovery-stage companies, mostly listed on the TSXV, with a portfolio of roughly EUR 200 million that is majority precious metals and approximately 20 percent copper.

Portfolio allocation

21 positions · equal weight

Position list only. Amounts were not disclosed, so slices are equal and are not portfolio weights.

Holdings (21)

Position list · amounts not disclosed

1
AMEGFAmerican Eagle Gold Corp.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
2
BADEFHercules Metals Corp.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
3
CNLCollective Mining Ltd.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
4
CPPKFFaraday Copper Corp.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
5
DNNDenison Mines Corp.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
6
DSVSFDiscovery Mining Ltd.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
7
EGOEldorado Gold Corporation
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
8
ELEElemental Royalty Corporation
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
9
FDMIFFounders Metals Inc.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
10
FFMFFFireFly Metals Ltd.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
11
GGPSFGreatland Resources Limited
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
12
GLATFGlobal Atomic Corporation
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
13
GMINFG Mining Ventures Corp.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
14
ISOUIsoEnergy Ltd.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
15
MAUTFMontage Gold Corp.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
16
NGXXFNGEx Minerals Ltd
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
17
NXENexGen Energy Ltd.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
18
PDIYFPredictive Discovery Ltd.
No size
CURATEDCorporate disclosureDec 31, 20252025 jaarverslag: Predictive Discovery among positions; CDFund Discovery Award 2025.Source
19
SLSRSolaris Resources Inc.
No size
CURATEDCorporate disclosure · Fund Disclosure Q1 2026Mar 31, 2026Corporate disclosure · Fund Disclosure Q1 2026
20
SNWGFSnowline Gold Corp.
No size
CURATEDCorporate disclosureDec 31, 20252025 jaarverslag: Snowline among disclosed fund positions; doubled gold reserves to 8 million ounces.Source
21
TLOFFTalon Metals Corp.
No size
CURATEDCorporate disclosureDec 31, 2025Portfolio page: private placement investment of over EUR 1 million in Talon Metals that later doubled.Source

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Portfolio Intelligence

Aggregated from this investor's disclosed positions. Methodology

Portfolio Gold Beta

Equal-weight average of cached stock-level gold beta values across disclosed holdings with available regression data.

Methodology

Beta

1.24

R-squared

0.29

Coverage

95%

18 of 19 holdings, equal weight

Consensus Holdings

Holdings also disclosed by other tracked investors.

Ticker	Company	Also held by
DSVSF	Discovery Mining Ltd.	6 investors, Don Durrett, Eric Sprott, Ned Naylor-Leyland
ELE	Elemental Royalty Corporation	4 investors, Garrett Goggin, La Mancha Resource Fund, Peter Schiff
AMEGF	American Eagle Gold Corp.	3 investors, Eric Sprott, HoldCo Markets, Terra Capital
CPPKF	Faraday Copper Corp.	3 investors, HoldCo Markets, Lundin Family, Terra Capital
EGO	Eldorado Gold Corporation	3 investors, Terra Capital, Trevor Steel, Waterton Global Resource Management
GMINF	G Mining Ventures Corp.	3 investors, HoldCo Markets, La Mancha Resource Fund, Terra Capital
MAUTF	Montage Gold Corp.	3 investors, HoldCo Markets, Lundin Family, Terra Capital
CNL	Collective Mining Ltd.	2 investors, HoldCo Markets, Terra Capital
FDMIF	Founders Metals Inc.	2 investors, HoldCo Markets, Terra Capital
ISOU	IsoEnergy Ltd.	2 investors, HoldCo Markets, Terra Capital

Similar Portfolios

Terra Capital

13 shared holdings

68% overlap

AMEGF, BADEF, CNL, CPPKF, DSVSF, EGO

HoldCo Markets

11 shared holdings

58% overlap

AMEGF, CNL, CPPKF, DNN, FDMIF, FFMFF

Lundin Family

3 shared holdings

16% overlap

CPPKF, MAUTF, NGXXF

Eric Sprott

2 shared holdings

11% overlap

AMEGF, DSVSF

La Mancha Resource Fund

2 shared holdings

11% overlap

ELE, GMINF

Filing Timeline

Mar 31, 2026AMEGFAmerican Eagle Gold Corp.
Q1 2026 disclosed holding (AE)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026BADEFHercules Metals Corp.
Q1 2026 disclosed holding (BIG)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026CNLCollective Mining Ltd.
Q1 2026 disclosed holding (CNL)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026CPPKFFaraday Copper Corp.
Q1 2026 disclosed holding (FDY)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026DNNDenison Mines Corp.
Q1 2026 disclosed holding (DML)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026DSVSFDiscovery Mining Ltd.
Q1 2026 disclosed holding (DSV)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026EGOEldorado Gold Corporation
Q1 2026 disclosed holding (FOM)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026ELEElemental Royalty Corporation
Q1 2026 disclosed holding (ELE)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026FDMIFFounders Metals Inc.
Q1 2026 disclosed holding (FDR)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026FFMFFFireFly Metals Ltd.
Q1 2026 disclosed holding (FFM)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026GGPSFGreatland Resources Limited
Q1 2026 disclosed holding (GGP)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026
Mar 31, 2026GLATFGlobal Atomic Corporation
Q1 2026 disclosed holding (GLO)
Fund HoldingCorporate disclosure · Fund Disclosure Q1 2026

Notable disclosed positions from fund fact sheets and public statements.

Ticker

Company

Also held by

DSVSF

Discovery Mining Ltd.

6 investors, Don Durrett, Eric Sprott, Ned Naylor-Leyland

ELE

Elemental Royalty Corporation

4 investors, Garrett Goggin, La Mancha Resource Fund, Peter Schiff

AMEGF

American Eagle Gold Corp.

3 investors, Eric Sprott, HoldCo Markets, Terra Capital

CPPKF

Faraday Copper Corp.

3 investors, HoldCo Markets, Lundin Family, Terra Capital

EGO

Eldorado Gold Corporation

3 investors, Terra Capital, Trevor Steel, Waterton Global Resource Management

GMINF

G Mining Ventures Corp.

3 investors, HoldCo Markets, La Mancha Resource Fund, Terra Capital

MAUTF

Montage Gold Corp.

3 investors, HoldCo Markets, Lundin Family, Terra Capital

CNL

Collective Mining Ltd.

2 investors, HoldCo Markets, Terra Capital

FDMIF

Founders Metals Inc.

2 investors, HoldCo Markets, Terra Capital

ISOU

IsoEnergy Ltd.

2 investors, HoldCo Markets, Terra Capital

	Last	Chg	%
Gold	4,468.40	+85.40	+1.95%
Silver	65.47	+0.70	+1.08%
GDX	90.96	+0.97	+1.08%
GDXJ	119.49	+1.23	+1.04%
USD Index	99.97	+0.15	+0.15%
10Y Yield	4.68	-0.00	-0.04%