T. Rowe Price New Era Fund

Fund Profile

Fund profile

Tickers

PRNEX, TRNEX

Fund manager

T. Rowe Price New Era Fund

Total assets

$2.51 bn

Liabilities

$40.43 mm

Net assets

$2.47 bn

Number of holdings

115.00

115 Holdings

As of Sep 2025

Security	$Holding	Balance	% of Fund	Category	Position	Country
SHELL PLC	107.22 mm	3.01 mm shares	4.35	Common equity	Long	UK
CVX Chevron Corporation	106.74 mm	687.33 k shares	4.33	Common equity	Long	USA
XOM Exxon Mobil Corporation	93.79 mm	831.88 k shares	3.80	Common equity	Long	USA
COP ConocoPhillips	81.41 mm	860.64 k shares	3.30	Common equity	Long	USA
LINDE PLC	69.87 mm	147.09 k shares	2.83	Common equity	Long	Ireland
WMB The Williams Companies, Inc.	64.97 mm	1.03 mm shares	2.63	Common equity	Long	USA
ENB Enbridge Inc.	58.05 mm	1.15 mm shares	2.35	Common equity	Long	Canada
TOTALENERGIES SE	54.19 mm	889.76 k shares	2.20	Common equity	Long	France
VLO Valero Energy Corporation	53.00 mm	311.30 k shares	2.15	Common equity	Long	USA
MPC Marathon Petroleum Corporation	49.52 mm	256.93 k shares	2.01	Common equity	Long	USA
UEC Uranium Energy Corp.	48.70 mm	3.65 mm shares	1.97	Common equity	Long	USA
CANADIAN NATURAL RESOURCES LTD	46.81 mm	1.46 mm shares	1.90	Common equity	Long	Canada
PSX Phillips 66	44.94 mm	330.37 k shares	1.82	Common equity	Long	USA
AIR LIQUIDE SA	42.70 mm	204.92 k shares	1.73	Common equity	Long	France
SLB SLB N.V.	39.94 mm	1.16 mm shares	1.62	Common equity	Long	Curaçao
CCJ Cameco Corporation	39.13 mm	466.58 k shares	1.59	Common equity	Long	Canada
T. Rowe Price Government Reserve Fund - Collateral	38.36 mm	38.36 mm shares	1.56	Short-term investment vehicle	Long	USA
SUNCOR ENERGY INC	37.11 mm	886.72 k shares	1.50	Common equity	Long	Canada
OR ROYALTIES INC	34.40 mm	858.20 k shares	1.39	Common equity	Long	Canada
SHW The Sherwin-Williams Company	34.01 mm	98.22 k shares	1.38	Common equity	Long	USA
NGLS TRI Resources Inc.	33.87 mm	202.15 k shares	1.37	Common equity	Long	USA
TECHNIPFMC PLC	31.25 mm	792.07 k shares	1.27	Common equity	Long	UK
EQT EQT Corporation	30.82 mm	566.19 k shares	1.25	Common equity	Long	USA
KOBOLD METALS SER B-1 CVT PFD STOCK PP	30.57 mm	280.81 k shares	1.24	Preferred equity	Long	USA
FCX Freeport-McMoRan Inc.	29.22 mm	745.10 k shares	1.19	Common equity	Long	USA
AEM Agnico Eagle Mines Limited	29.00 mm	172.02 k shares	1.18	Common equity	Long	Canada
OKE ONEOK, Inc.	28.74 mm	393.80 k shares	1.17	Common equity	Long	USA
CAT Caterpillar Inc.	28.01 mm	58.70 k shares	1.14	Common equity	Long	USA
BHI BAKER HUGHES a GE Co LLC	26.78 mm	549.57 k shares	1.09	Common equity	Long	USA
FANG Diamondback Energy, Inc.	26.68 mm	186.43 k shares	1.08	Common equity	Long	USA
FRANCO-NEVADA CORP	26.14 mm	117.45 k shares	1.06	Common equity	Long	Canada
EXE Expand Energy Corporation	25.94 mm	244.17 k shares	1.05	Common equity	Long	USA
HEIDELBERG MATERIALS AG	25.51 mm	112.87 k shares	1.03	Common equity	Long	Germany
GLENCORE PLC	23.27 mm	5.05 mm shares	0.94	Common equity	Long	Jersey
HOLCIM AG	22.68 mm	265.83 k shares	0.92	Common equity	Long	Switzerland
DINO HF Sinclair Corporation	21.85 mm	417.50 k shares	0.89	Common equity	Long	USA
NEE NextEra Energy, Inc.	21.77 mm	288.38 k shares	0.88	Common equity	Long	USA
TOURMALINE OIL CORP	21.24 mm	492.40 k shares	0.86	Common equity	Long	Canada
FIRST QUANTUM MINERALS LTD	21.13 mm	934.07 k shares	0.86	Common equity	Long	Canada
PKG Packaging Corporation of America	20.75 mm	95.21 k shares	0.84	Common equity	Long	USA
KION GROUP AG	20.70 mm	305.11 k shares	0.84	Common equity	Long	Germany
BP PLC	20.43 mm	3.56 mm shares	0.83	Common equity	Long	UK
DD DuPont de Nemours, Inc.	20.23 mm	259.70 k shares	0.82	Common equity	Long	USA
OVV Ovintiv Inc.	20.12 mm	498.20 k shares	0.82	Common equity	Long	USA
WEATHERFORD INTERNATIONAL PLC	19.49 mm	284.80 k shares	0.79	Common equity	Long	Ireland
IP International Paper Company	19.21 mm	414.09 k shares	0.78	Common equity	Long	USA
SO The Southern Company	18.81 mm	198.50 k shares	0.76	Common equity	Long	USA
UUUU Energy Fuels Inc.	18.20 mm	1.19 mm shares	0.74	Common equity	Long	Canada
HCC Warrior Met Coal, Inc.	18.10 mm	284.40 k shares	0.73	Common equity	Long	USA
BASF SE	18.06 mm	361.41 k shares	0.73	Common equity	Long	Germany
RRC Range Resources Corporation	18.00 mm	478.25 k shares	0.73	Common equity	Long	USA
ARTEMIS GOLD INC	17.66 mm	673.60 k shares	0.72	Common equity	Long	Canada
SOUTH BOW CORP	17.61 mm	622.50 k shares	0.71	Common equity	Long	Canada
WOODSIDE ENERGY GROUP LTD	17.44 mm	1.16 mm shares	0.71	Common equity	Long	Australia
VIPER ENERGY INC	15.91 mm	416.20 k shares	0.65	Common equity	Long	USA
STORA ENSO OYJ	15.69 mm	1.43 mm shares	0.64	Common equity	Long	Finland
PR Permian Resources Corporation	15.66 mm	1.22 mm shares	0.64	Common equity	Long	USA
GALP ENERGIA SGPS SA	15.44 mm	814.64 k shares	0.63	Common equity	Long	Portugal
EOG EOG Resources, Inc.	15.12 mm	134.81 k shares	0.61	Common equity	Long	USA
RPM RPM International Inc.	14.89 mm	126.36 k shares	0.60	Common equity	Long	USA
IE Ivanhoe Electric Inc.	14.87 mm	1.18 mm shares	0.60	Common equity	Long	USA
WEST FRASER TIMBER CO LTD	14.68 mm	215.90 k shares	0.60	Common equity	Long	Canada
CTVA Corteva, Inc.	14.47 mm	214.00 k shares	0.59	Common equity	Long	USA
KMI Kinder Morgan, Inc.	14.17 mm	500.60 k shares	0.57	Common equity	Long	USA
CRS Carpenter Technology Corporation	13.92 mm	56.70 k shares	0.56	Common equity	Long	USA
INTERPUMP GROUP SPA	13.86 mm	301.60 k shares	0.56	Common equity	Long	Italy
TECK Teck Resources Limited	13.81 mm	314.68 k shares	0.56	Common equity	Long	Canada
LPX Louisiana-Pacific Corporation	13.57 mm	152.80 k shares	0.55	Common equity	Long	USA
NESTE OYJ	13.51 mm	735.12 k shares	0.55	Common equity	Long	Finland
NRG NRG Energy, Inc.	12.96 mm	80.00 k shares	0.53	Common equity	Long	USA
EXPRO GROUP HOLDINGS NV	12.82 mm	1.08 mm shares	0.52	Common equity	Long	Netherlands
NUVISTA ENERGY LTD	12.81 mm	1.11 mm shares	0.52	Common equity	Long	Canada
SCCO Southern Copper Corporation	12.62 mm	104.02 k shares	0.51	Common equity	Long	USA
KNF Knife River Corporation	12.60 mm	163.90 k shares	0.51	Common equity	Long	USA
TS Tenaris S.A.	12.22 mm	341.50 k shares	0.50	Common equity	Long	Luxembourg
UPM-KYMMENE OYJ	12.20 mm	445.52 k shares	0.49	Common equity	Long	Finland
SKEENA RESOURCES LTD	11.85 mm	643.30 k shares	0.48	Common equity	Long	Canada
JETTI HOLDINGS SER D CVT PFD STOCK PP	11.51 mm	86.58 k shares	0.47	Preferred equity	Long	USA
THYSSENKRUPP AG	11.11 mm	805.12 k shares	0.45	Common equity	Long	Germany
SYENSQO SA	10.92 mm	134.49 k shares	0.44	Common equity	Long	Belgium
AGI Alamos Gold Inc.	10.70 mm	306.90 k shares	0.43	Common equity	Long	Canada
KGS Kodiak Gas Services, Inc.	10.57 mm	286.00 k shares	0.43	Common equity	Long	USA
CHAMPION IRON LTD	10.57 mm	3.42 mm shares	0.43	Common equity	Long	Australia
KELT EXPLORATION LTD	10.48 mm	2.12 mm shares	0.42	Common equity	Long	Canada
AEE Ameren Corporation	10.16 mm	97.34 k shares	0.41	Common equity	Long	USA
PRECISION DRILLING CORP	10.15 mm	180.20 k shares	0.41	Common equity	Long	Canada
SPIE SA	9.76 mm	180.48 k shares	0.40	Common equity	Long	France
AA Alcoa Corporation	9.73 mm	295.97 k shares	0.39	Common equity	Long	USA
MP MP Materials Corp.	8.41 mm	125.38 k shares	0.34	Common equity	Long	USA
ADVANTAGE ENERGY LTD	8.32 mm	1.01 mm shares	0.34	Common equity	Long	Canada
ILUKA RESOURCES LTD	7.46 mm	1.78 mm shares	0.30	Common equity	Long	Australia
CEG Constellation Energy Corporation	7.34 mm	22.30 k shares	0.30	Common equity	Long	USA
ZIJIN GOLD INTERNATIONAL CO LTD	7.20 mm	464.60 k shares	0.29	Common equity	Long	Hong Kong
VIST Vista Energy, S.A.B. de C.V.	6.86 mm	199.30 k shares	0.28	Common equity	Long	Mexico
PPG PPG Industries, Inc.	6.43 mm	61.20 k shares	0.26	Common equity	Long	USA
VAR ENERGI ASA	6.37 mm	1.91 mm shares	0.26	Common equity	Long	Norway
FORM ENERGY SER F CVT PFD PP	6.09 mm	251.67 k shares	0.25	Preferred equity	Long	USA
SNOWLINE GOLD CORP	6.04 mm	757.36 k shares	0.24	Common equity	Long	Canada
KOBOLD METALS SER B-PRIME CVT PFD STOCK	5.76 mm	52.88 k shares	0.23	Preferred equity	Long	USA
LILAC SOLUTIONS SERIES B CVT PFD STOCK P	5.59 mm	601.66 k shares	0.23	Preferred equity	Long	USA
JETTI HOLDINGS SER C CVT PFD STOCK PP	5.56 mm	83.66 k shares	0.23	Preferred equity	Long	USA
ENERGY RESERVOIR HLDG LLC TAX BLOCKER PP	5.46 mm	10.11 mm shares	0.22	Common equity	Long	USA
TAMARACK VALLEY ENERGY LTD	4.99 mm	1.15 mm shares	0.20	Common equity	Long	Canada
TALON CAPITAL CORP	4.81 mm	479.22 k shares	0.19	Common equity	Long	Cayman Islands
NIPPON SANSO HOLDINGS CORP	4.52 mm	127.70 k shares	0.18	Common equity	Long	Japan
KAJIMA CORP	3.82 mm	131.20 k shares	0.16	Common equity	Long	Japan
TONIAN HOLDINGS VOTING CVT PFD UNITS	3.59 mm	2.53 mm shares	0.15	Preferred equity	Long	USA
FLY Firefly Aerospace Inc.	3.27 mm	111.52 k shares	0.13	Common equity	Long	USA
TONIAN HOLDINGS NON-VOTING CVT PFD	2.55 mm	1.80 mm shares	0.10	Preferred equity	Long	USA
NGEX MINERALS LTD	1.54 mm	82.64 k shares	0.06	Common equity	Long	Canada
TALON CAPITAL SPONSOR LLC CL A MBR INT P	447.05 k	178.82 k shares	0.02	Common equity	Long	Cayman Islands
ENERGY RESERVOIR 2022 CL A-3 PREFEQ PP	267.18 k	234.37 k shares	0.01	Preferred equity	Long	USA
T. Rowe Price Government Reserve Fund	1.00 k	1.00 k shares	0.00	Short-term investment vehicle	Long	USA
FARMERS BUSINESS NETWORK INC CVT SR D PP	0	165.07 k shares	0.00	Preferred equity	Long	USA
Farmers Business Network Inc PP	0	450.82 k shares	0.00	Common equity	Long	USA