NPORT-P false 0000745338 XXXXXXXX S000005294 C000101831 C000014470 OCM MUTUAL FUND 811-04010 0000745338 549300AKSS68PWZOHM90 2600 Kitty Hawk Rd Suite 119 Livermore 94551 8007794681 OCM MUTUAL FUND S000005294 5493007254B8R9O2U456 2026-11-30 2026-08-31 N 223998171.300000000000 420530.660000000000 223577640.640000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 78779.190000000000 N 1001083000 Ontario Inc N/A 362421109 125000 NS 36075.04 0.0161353523 Long EC CORP CA N 1 N N N Allied Gold Corp 894500S5G4JFSRGK8L37 01921D956 133333.333 NS 3143819.14 1.4061420145 Long EC CORP CA N 1 N N N Agnico Eagle Mines Ltd YGE0EUBRF7IJOB3QRX76 008474108 65000 NS USD 13202150 5.9049509433 Long EC CORP CA N 1 N N N Alamos Gold Inc 549300TDOX73YGYXE959 011532108 290000 NS USD 10616900 4.7486412190 Long EC CORP CA N 1 N N N Anglogold Ashanti Plc 2138005YDSA7A82RNU96 G0378L100 105000 NS USD 11793600 5.2749460842 Long EC CORP US N 1 N N N Ausgold Ltd 894500N1FW604CKRQQ71 999999999 1166666 NS 1208048.99 0.5403263880 Long EC CORP AU N 1 N N N Angel Wing Metals Inc N/A 03464G958 350000 NS 8838.38 0.0039531592 Long EC CORP CA N 1 N N N Aya Gold & Silver Inc 549300BWX8KJOTUL4M51 05466C950 304400 NS 8490695.53 3.7976496691 Long EC CORP CA N 1 N N N Barrick Mining Corp 0O4KBQCJZX82UKGCBV73 06849F108 225000 NS USD 10086750 4.5115200121 Long EC CORP CA N 1 N N N B2Gold Corp 549300F7OK456M5NLM05 11777Q951 500000 NS 2741702.74 1.2262866413 Long EC CORP CA N 1 N N N Canagold Resources Ltd 529900VSHM6IT5414441 136842952 505000 NS 225901.88 0.1010395670 Long EC CORP CA N 1 N N N Cerrado Gold Inc 894500IFS3UGZI0IA341 156788952 250000 NS 458152.96 0.2049189528 Long EC CORP CA N 1 N N N Centerra Gold Inc 549300K0HXTMP5JJ0E62 152006102 75000 NS USD 1719000 0.7688604259 Long EC CORP CA N 1 N N N Catalyst Metals Ltd N/A 999999999 1250000 NS 5840200.64 2.6121577378 Long EC CORP AU N 1 N N N DPM Metals Inc 549300LATVTU0EIUMD45 26139R950 250000 NS 11314935.06 5.0608526987 Long EC CORP CA N 1 N N N Discovery Mining Ltd 98450041CCB3E8QD3F53 25466C958 150000 NS 1335497.84 0.5973306795 Long EC CORP CA N 1 N N N Endeavour Mining PLC 529900NI5MXQ91GHXR07 G3042J956 118670 NS 7339388.46 3.2827023485 Long EC CORP GB N 1 N N N Emerald Resources NL N/A 999999999 1250000 NS 6243281.98 2.7924447016 Long EC CORP AU N 1 N N N Excellon Resources Inc 549300TCL7Q34YGPQ182 30069C959 3000000 NS 1028138.53 0.4598574916 Long EC CORP CA N 1 N N N Fortuna Mining Corp 5493003Q88RVK7CW4735 349942953 225000 NS 2715909.09 1.2147498660 Long EC CORP CA N 1 N N N Greatland Resources Ltd 213800KQI75ZGE53GX44 999999999 637501 NS 5413390.79 2.4212576779 Long EC CORP AU N 1 N N N G Mining Ventures Corp 894500N5AZEQU0BLOT06 36270K953 115500 NS 4352500 1.9467510202 Long EC CORP CA N 1 N N N Heliostar Metals Ltd 529900BF6RCFL9WNSB18 42328Y953 300000 NS 491341.99 0.2197634739 Long EC CORP CA N 1 N N N IAMGOLD Corp 254900E7II30XAB9LA72 450913108 100000 NS USD 2045000 0.9146710709 Long EC CORP CA N 1 N N N Jaguar Mining Inc 549300IRKN0GXIRGS617 47009M954 1700000 NS 9383116.88 4.1968046774 Long EC CORP CA N 1 N N N Sendero Resources Corp N/A 81688C953 750400 NS 351919.19 0.1574035709 Long EC CORP AR N 1 N N N UMB MONEY MARKET II SPECIAL / N/A SF8888628 1895624.14 PA USD 1895624.14 0.8478594436 Long STIV CORP US N 1 N N N South Pacific Metals Corp 9845009036F7F4558753 83914U955 573500 NS 372402.6 0.1665652249 Long EC CORP CA N 1 N N N SSR Mining Inc 549300JD2KR7AB9DYJ38 784730103 100000 NS USD 3761000 1.6821896811 Long EC CORP US N 1 N N N Thesis Gold & Silver Inc 529900EDQ993Q6M6BH62 883922957 300000 NS 761904.76 0.3407786028 Long EC CORP CA N 1 N N N Thor Explorations Ltd 213800AXZ8468CQYVT76 885149955 900000 NS 863636.36 0.3862802906 Long EC CORP CA N 1 N N N Tiernan Gold Corp N/A 88650A956 200000 NS 1093795.09 0.4892238271 Long EC CORP CA N 1 N N N TIERNAN GOLD WARRANTS / N/A 886936111 100000 NC 77922.08 0.0348523581 Long DE CORP CA N 2 N/A N/A Call Purchased TIERNAN GOLD WARRANTS / TIERNAN GOLD WARRANTS / 1 6.500000000000 CAD 2027-11-14 XXXX 77922.08 N N N Tesoro Gold Ltd 9845008A3CD0A5FE6F76 999999999 628930 NS 428150.13 0.1914995295 Long EC CORP AU N 1 N N N US Gold Corp 5299003C2TFXIV9QAV34 90291C201 130000 NS USD 2055300 0.9192779717 Long EC CORP US N 1 N N N U.S. GOLD Corp. WARRANTS / N/A 999999999 65000 NC USD 0 0.0000000000 N/A DE CORP US N 2 N/A N/A Call Purchased US GOLD CORP US GOLD CORP 1 23.000000000000 USD 2027-12-15 XXXX 0 N N N Vizsla Silver Corp 549300ADJF7HWIEDL366 92859G608 200000 NS USD 810000 0.3622902530 Long EC CORP CA N 1 N N N West African Resources Ltd 529900XLO8GMJNTUL013 999999999 600000 NS 1612325.33 0.7211478417 Long EC CORP AU N 1 N N N Wesdome Gold Mines Ltd 254900D63U62QS84H719 95083R951 415000 NS 9946825.4 4.4489356680 Long EC CORP CA N 1 N N N Western Exploration Inc N/A 95816A952 547900 NS 241139.25 0.1078548147 Long EC CORP US N 1 N N N WESTERN EXPLORATION PRIVATE WARRANTS OCM / N/A 999999999 273950 NC 0 0.0000000000 Long DE CORP CA N 2 N/A N/A Call Purchased WESTERN EXPLORATION PRIVATE WARRANTS OCM / WESTERN EXPLORATION PRIVATE WARRANTS OCM / 1 1.350000000000 CAD 2028-02-02 XXXX 0 N N N Westgold Resources Ltd 2549003AMX9BL7CKBQ74 999999999 600000 NS 2738803.3 1.2249898032 Long EC CORP AU N 1 N N N Wheaton Precious Metals Corp 549300XSFG5ZCGVYD886 962879953 80000 NS 12057142.86 5.3928214045 Long EC CORP CA N 1 N N N K92 Mining Inc 254900EA8H0X9FEVZU11 499113959 200000 NS 4227994.23 1.8910630857 Long EC CORP CA N 1 N N N Kalamazoo Resources Ltd 549300ISY0PB1Z68Q732 999999999 2284623 NS 270127.41 0.1208204046 Long EC CORP AU N 1 N N N Liberty Gold Corp 549300DY25855R7ZV117 53056H955 875000 NS 1167929.29 0.5223819728 Long EC CORP CA N 1 N N N Lundin Gold Inc 549300ZOV16K515FC525 550371959 130000 NS 9258513.71 4.1410731786 Long EC CORP CA N 1 N N N Montage Gold Corp N/A 61178L952 600000 NS 8424242.42 3.7679270592 Long EC CORP CA N 1 N N N Miata Metals Corp 984500ELQ9T8H1497788 59403F956 2184500 NS 1071760.46 0.4793683559 Long EC CORP CA N 1 N N N Mithril Silver And Gold Ltd N/A Q6253U957 1228000 NS 230360.75 0.1030338943 Long EC CORP AU N 1 N N N Newmont Corp 549300VSP3RIX7FGDZ51 651639106 85000 NS USD 10715100 4.7925633213 Long EC CORP US N 1 N N N NeXGold Mining Corp 25490084LOPPDXN4YK38 65345V959 0.16 NS 0.17 0.0000000760 Long EC CORP CA N 1 N N N NEXGOLD MINING Corp. WARRANTS / N/A 999999999 367054 NC 135063.16 0.0604099585 Long DE CORP CA N 2 N/A N/A Call Purchased NEXGOLD MINING Corp. WARRANTS / NEXGOLD MINING Corp. WARRANTS / 1 0.950000000000 CAD 2026-12-15 XXXX 135063.16 N N N OceanaGold Corp 549300CBMSE8I9N3E232 675222954 166666 NS 4902577.79 2.1927853680 Long EC CORP CA N 1 N N N Omai Gold Mines Corp 254900GOHPZOKN6K3C88 682043955 3500000 NS 6717171.72 3.0044022742 Long EC CORP CA N 1 N N N Pan American Silver Corp 549300MKTF5851TYIB83 697900108 70000 NS USD 3634400 1.6255650563 Long EC CORP CA N 1 N N N Predictive Discovery Ltd 529900NL3JLEV0OIIW58 999999999 328637.8896 NS 986737.91 0.4413401569 Long EC CORP AU N 1 N N N Perseus Mining Ltd 54930054ZDGKBCW3SM26 999999999 800000 NS 3714797.56 1.6615246271 Long EC CORP AU N 1 N N N Rio2 Ltd 2549009N9W290I0XSE73 767217953 2758000 NS 6885050.51 3.0794897425 Long EC CORP CA N 1 N N N RTG Mining Inc N/A 999999999 4578755 NS 134524.51 0.0601690355 Long CORP AU N 1 N N N Royal Road Minerals Ltd 54930033JDODZL6J2G22 G76828956 2399000 NS 363484.85 0.1625765658 Long EC CORP JE N 1 N N N South Atlantic Gold Inc N/A 83636L952 10000000 NS 468975.47 0.2097595576 Long EC CORP CA N 1 N N N 2026-09-25 OCM MUTUAL FUND /s/ Gregory M. Orrell Gregory M. Orrell President XXXX