Foundation Resource Management

Foundation Resource Management as of Sept. 30, 2011

Portfolio Holdings for Foundation Resource Management

Foundation Resource Management holds 68 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Newmont Mining Corporation (NEM) 8.1 $49M 777k 62.95
ConocoPhillips (COP) 7.3 $44M 701k 63.32
Pfizer (PFE) 6.6 $40M 2.3M 17.68
Teck Resources Ltd cl b (TECK) 5.1 $31M 1.1M 29.19
Merck & Co (MRK) 4.8 $29M 888k 32.70
Berkshire Hathaway (BRK.B) 4.5 $27M 382k 71.04
Eli Lilly & Co. (LLY) 4.0 $25M 663k 36.97
Dow Chemical Company 3.9 $24M 1.1M 22.46
Overseas Shipholding 3.9 $24M 1.7M 13.74
Leucadia National 3.3 $20M 893k 22.68
Cenovus Energy (CVE) 3.3 $20M 653k 30.71
Chevron Corporation (CVX) 3.3 $20M 214k 92.59
Seagate Technology 2.8 $17M 1.7M 10.28
Valero Energy Corporation (VLO) 2.8 $17M 959k 17.78
Encana Corp 2.6 $16M 812k 19.21
Sanofi-Aventis SA (SNY) 2.5 $15M 465k 32.80
Koninklijke Philips Electronics NV (PHG) 2.4 $15M 817k 17.94
Forestar 2.2 $14M 1.2M 10.91
Canadian Pacific Railway 2.0 $12M 252k 48.09
Transocean (RIG) 1.9 $11M 236k 47.74
Goodyear Tire & Rubber Company (GT) 1.7 $10M 1.0M 10.09
Permian Basin Royalty Trust (PBT) 1.6 $9.5M 464k 20.46
Barrick Gold Corp (GOLD) 1.5 $9.2M 198k 46.65
Raytheon Company 1.4 $8.6M 211k 40.87
Noble Energy 1.4 $8.3M 117k 70.80
Nokia Corporation (NOK) 1.2 $7.4M 1.3M 5.66
Gannett 1.1 $6.7M 707k 9.53
Tecumseh Products Company 0.9 $5.7M 778k 7.29
Precision Drilling Corporation 0.9 $5.7M 683k 8.29
Alcoa 0.9 $5.6M 581k 9.57
Loews Corporation (L) 0.9 $5.3M 153k 34.55
Baker Hughes Incorporated 0.9 $5.3M 114k 46.15
Freeport-McMoRan Copper & Gold (FCX) 0.8 $5.0M 165k 30.45
Devon Energy Corporation (DVN) 0.7 $4.4M 79k 55.44
Thompson Creek Metals 0.7 $4.3M 701k 6.07
Weyerhaeuser Company (WY) 0.7 $4.2M 268k 15.55
Tsakos Energy Navigation 0.7 $4.0M 717k 5.58
San Juan Basin Royalty Trust (SJT) 0.5 $3.3M 143k 22.97
Boeing Company (BA) 0.5 $3.2M 52k 60.51
MEMC Electronic Materials 0.5 $2.8M 531k 5.24
Northrop Grumman Corporation (NOC) 0.4 $2.4M 46k 52.17
Exxon Mobil Corporation (XOM) 0.3 $1.8M 24k 72.61
Templeton Dragon Fund (TDF) 0.3 $1.7M 70k 24.20
Diamond Offshore Drilling 0.2 $1.4M 26k 54.73
Ford Motor Company (F) 0.2 $1.2M 120k 9.67
Simmons First National Corporation (SFNC) 0.2 $1.2M 53k 21.69
Twin Disc, Incorporated (TWIN) 0.2 $1.1M 40k 26.68
ProLogis 0.1 $893k 37k 24.25
Eastman Chemical Company (EMN) 0.1 $723k 11k 68.53
Travelers Companies (TRV) 0.1 $647k 13k 48.72
Berkshire Hathaway (BRK.A) 0.1 $641k 6.00 106833.33
Ace Limited Cmn 0.1 $581k 9.6k 60.56
Wal-Mart Stores (WMT) 0.1 $496k 9.6k 51.89
Imperial Oil (IMO) 0.1 $480k 13k 36.08
Marathon Oil Corporation (MRO) 0.1 $484k 22k 21.56
General Maritime Corporation 0.1 $505k 1.9M 0.26
Steelcase (SCS) 0.1 $441k 70k 6.31
Tyson Foods (TSN) 0.1 $411k 24k 17.36
International Business Machines (IBM) 0.1 $434k 2.5k 174.93
BancorpSouth 0.1 $390k 44k 8.78
BP Prudhoe Bay Royalty Trust (BPT) 0.1 $316k 3.0k 105.33
Marathon Petroleum Corp (MPC) 0.1 $304k 11k 27.09
United Technologies Corporation 0.0 $255k 3.6k 70.36
Murphy Oil Corporation (MUR) 0.0 $265k 6.0k 44.17
Regency Energy Partners 0.0 $224k 10k 22.40
Citizens Holding Company (CIZN) 0.0 $213k 12k 18.45
Pilgrim's Pride Corporation (PPC) 0.0 $98k 23k 4.28
Regions Financial Corporation (RF) 0.0 $36k 11k 3.36