Oxbow Advisors' Q2 2026 Investment Changes: Focus on Energy & Gold
This analysis details Oxbow Advisors' significant stock purchases and sales during the second quarter of 2026, highlighting new positions in energy companies like FRANCO NEV CORP (FNV) and MOODYS CORP (MCO), as well as substantial increases in holdings such as ISHARES GOLD TR (IAU).
Oxbow Advisors, Llc has released its investment activity report for the second quarter of 2026. This filing provides valuable insights into specific stock purchases and sales made by this institutional investor during Q2.
The most notable buying activity appears to be concentrated in energy-related companies and gold exposure. Oxbow significantly increased their position in FRANCO NEV CORP (FNV), raising the holding from 0.15% allocation previously, representing a staggering 96.93% increase quarter-over-quarter. Similarly, they made substantial additions to MOODYS CORP (MCO), boosting its portfolio percentage from 1.29% to an allocation of 0.48%, a full 100% increase in shares held during the period.
In addition to these large increases, Oxbow also showed significant interest elsewhere. They initiated new positions with considerable weight additions: ISHARES GOLD TR (IAU) saw its allocation jump from 4.75% to 21.06% of the portfolio value, representing a massive increase in this quarter; FREEPORT MCMORAN INC (FCX) moved from an allocation of 0.46% to 3.7%, indicating substantial new investment; and ALAMOS GOLD INC (AGI), which they exited completely (-100% increase). Furthermore, the addition of companies like NOBLE CORP PLC (NE) at 0.37%, HECLA MINING COMPANY (HL) at 0.61%, and KIMBELL RTY PARTNERS LP (KRP) at 0.48% further demonstrates their active buying stance.
Their purchases this quarter have a clear impact on sector allocation, particularly favoring Energy and Basic Materials. The addition of significant energy holdings like FNV, OHI, MCO, AR, NE, HL, KRP, FCX, and SLB reinforces the investor's focus within these sectors.
Conversely, Oxbow also divested from certain stocks during Q2 2026. The most significant exit was ALAMOS GOLD INC (AGI), where they sold shares resulting in a portfolio percentage allocation change of -69.38%. They also reduced their position in ISHARES ETF TR (AMLP) by 12.42%, lowering its allocation from 2.15% to approximately 0.73%.
Overall, Oxbow's Q2 filing indicates a strategic shift towards energy and gold sectors through substantial new purchases, while simultaneously exiting positions in companies like AGI and reducing exposure in AMLP. For more detailed information on their investment activities or specific holdings, please refer to the full report.