ARECNasdaqSilver OresFiscal year ends December 31
American Resources Corp
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 10-K on May 20, 2026
$1.13−0.01 (-0.88%)
Close on Oct 19, 2026
- Market cap
- $115.89M
- P/E (TTM)
- 1.8
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
25.8%
28M of 107M shares
Institutional holders
98
44 new, 34 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 134 sales
Net sold $6.52M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 6,247,940 | 5.80% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of AREC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,864,456 | 6.42% | $14.76M | +5,153,998 | 0.00% |
| Vanguard Capital Management LLC | 4,291,830 | 4.01% | $9.23M | +476,708 | 0.00% |
| Geode Capital Management, LLC | 2,136,179 | 2.00% | $4.59M | +1,242,748 | 0.00% |
| Susquehanna International Group, Llp | 1,794,845 | 1.68% | $3.86M | −555,737 | 0.00% |
| Citigroup Inc | 1,353,069 | 1.26% | $2.91M | −132,174 | 0.00% |
| UBS Group AG | 1,230,186 | 1.15% | $2.64M | +410,727 | 0.00% |
| Citadel Advisors LLC | 1,116,295 | 1.04% | $2.40M | −969,370 | 0.00% |
| State Street Corp | 957,722 | 0.90% | $2.06M | +590,800 | 0.00% |
| Northern Trust Corp | 668,039 | 0.62% | $1.44M | +509,757 | 0.00% |
| Vanguard Portfolio Management LLC | 597,497 | 0.56% | $1.28M | New | 0.00% |
| Vanguard Fiduciary Trust Co | 544,950 | 0.51% | $1.17M | +88,430 | 0.00% |
| Morgan Stanley | 530,065 | 0.50% | $1.14M | −107,989 | 0.00% |
| Janney Montgomery Scott LLC | 510,042 | 0.48% | $1.10K | −13,621 | 0.00% |
| Two Sigma Investments, LP | 402,876 | 0.38% | $866.18K | −554,230 | 0.00% |
| Peak6 LLC | 313,429 | 0.29% | $673.87K | −133,222 | 0.00% |
| American Century Companies Inc | 286,960 | 0.27% | $616.96K | New | 0.00% |
| Charles Schwab Investment Management Inc | 262,189 | 0.25% | $563.71K | +216,189 | 0.00% |
| Millennium Management LLC | 261,745 | 0.24% | $562.75K | −1,283,592 | 0.00% |
| Connor, Clark & Lunn Investment Management Ltd. | 245,744 | 0.23% | $528.35K | −283,893 | 0.00% |
| Goldman Sachs Group Inc | 222,303 | 0.21% | $477.95K | −386,964 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 98 | 28M | 25.8% | 44 / 23 | 17 / 34 | 11M | 13M |
| Q1 2026 | 90 | 29M | 27.3% | 30 / 28 | 16 / 20 | 18M | 5M |
| Q4 2025 | 82 | 20M | 19.0% | 46 / 16 | 10 / 15 | 13M | 2M |
| Q3 2025 | 52 | 9M | 8.7% | 21 / 13 | 7 / 6 | 3M | 3M |
| Q2 2025 | 37 | 9M | 8.3% | 13 / 12 | 4 / 3 | 4M | 0M |
| Q1 2025 | 28 | 5M | 4.8% | 8 / 6 | 7 / 7 | 0M | 1M |
| Q4 2024 | 27 | 6M | 5.7% | 5 / 6 | 6 / 4 | 0M | 0M |
| Q3 2024 | 27 | 6M | 5.4% | 8 / 6 | 6 / 4 | 1M | 0M |
| Q2 2024 | 24 | 6M | 5.5% | 5 / 6 | 8 / 15 | 0M | 1M |
| Q1 2024 | 34 | 7M | 6.7% | 6 / 6 | 15 / 11 | 1M | 1M |
| Q4 2023 | 39 | 7M | 6.8% | 11 / 13 | 8 / 5 | 1M | 1M |
| Q3 2023 | 33 | 7M | 6.5% | 7 / 4 | 16 / 10 | 0M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of AREC | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3,231,057 | 3.02% | $6.95M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,262,202 | 2.11% | $4.86M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 969,339 | 0.91% | $1.74M | 0.01% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 963,960 | 0.90% | $2.07M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 808,304 | 0.76% | $1.74M | 0.01% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 394,069 | 0.37% | $866.95K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 298,913 | 0.28% | $642.66K | 0.04% | Jun 30, 2026 |
| Schwab Small-Cap Index Fund | 216,166 | 0.20% | $386.94K | 0.01% | Jul 31, 2026 |
| Master Small Cap Index Series | 165,791 | 0.15% | $356.45K | 0.01% | Jun 30, 2026 |
| Fidelity Total Market Index Fund | 134,678 | 0.13% | $296.29K | 0.00% | May 31, 2026 |
| Fidelity Small Cap Value Index Fund | 124,294 | 0.12% | $267.23K | 0.01% | Jun 30, 2026 |
| Nuveen Small Cap Blend Index Fund | 117,720 | 0.11% | $210.72K | 0.01% | Jul 31, 2026 |
| Fidelity Series Total Market Index Fund | 116,147 | 0.11% | $255.52K | 0.00% | May 31, 2026 |
| EQ/2000 Managed Volatility Portfolio | 95,729 | 0.09% | $205.82K | 0.01% | Jun 30, 2026 |
| LVIP State Street Small-Cap Index Fund | 67,200 | 0.06% | $144.48K | 0.01% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Thomas M. Sauve | – | 4,429,501 | 4.14% | Aug 20, 2026 |
| Properties Ltd. Golden | 10% owner | 21,888,792 | 20.46% | Nov 12, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.15 | $41.50K | 10,478,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.16 | $41.60K | 10,488,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.13 | $41.30K | 10,498,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.16 | $41.60K | 10,508,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.14 | $41.40K | 10,518,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.15 | $41.50K | 10,528,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.15 | $41.50K | 10,538,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.22 | $42.20K | 10,548,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.23 | $42.30K | 10,558,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.21 | $42.10K | 10,568,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.15 | $41.50K | 10,578,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.12 | $41.20K | 10,288,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.11 | $41.10K | 10,298,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.10 | $41.00K | 10,308,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.07 | $40.70K | 10,318,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | +10,000 | $4.07 | $40.70K | 10,328,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.07 | $40.70K | 10,338,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.06 | $40.60K | 10,348,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.09 | $40.90K | 10,358,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.08 | $40.80K | 10,368,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.12 | $41.20K | 10,378,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.11 | $41.10K | 10,388,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.13 | $41.30K | 10,398,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.10 | $41.00K | 10,408,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.09 | $40.90K | 10,418,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.09 | $40.90K | 10,428,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.11 | $41.10K | 10,438,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.13 | $41.30K | 10,448,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.12 | $41.20K | 10,458,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.22 | $42.20K | 10,468,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.05 | $40.50K | 10,188,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.06 | $40.60K | 10,178,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −20,000 | $4.07 | $81.40K | 10,158,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.04 | $40.40K | 10,148,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.00 | $40.00K | 9,898,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.02 | $40.20K | 9,908,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.00 | $40.00K | 9,918,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −20,000 | $4.05 | $81.00K | 10,198,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −20,000 | $4.09 | $81.80K | 10,218,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −20,000 | $4.10 | $82.00K | 10,238,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.11 | $41.10K | 10,258,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.11 | $41.10K | 10,268,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.13 | $41.30K | 10,278,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.03 | $40.30K | 10,138,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.04 | $40.40K | 10,128,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.02 | $40.20K | 10,048,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.00 | $40.00K | 10,058,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −20,000 | $4.07 | $81.40K | 10,068,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.00 | $40.00K | 10,038,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −20,000 | $4.02 | $80.40K | 10,018,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −20,000 | $4.00 | $80.00K | 9,998,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.01 | $40.10K | 9,988,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.01 | $40.10K | 9,978,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.03 | $40.30K | 9,968,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | +20,000 | $4.01 | $80.20K | 9,948,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −20,000 | $4.00 | $80.00K | 9,928,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.01 | $40.10K | 10,088,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.05 | $40.50K | 10,098,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.02 | $40.20K | 10,108,832 |
| Properties Ltd. Golden 10% owner | Nov 10, 2025 | Sale | −10,000 | $4.03 | $40.30K | 10,118,832 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Properties Ltd Golden Affiliate | Nov 12, 2025 | 107,973 | $440.53K | Nov 10, 2025 | Conversion of debenture |
| Properties Ltd Golden Affiliate | Nov 4, 2025 | 1,500,000 | $6.17M | Nov 4, 2025 | Conversion of debenture |
| Properties Ltd Golden Affiliate | Oct 16, 2025 | 1,000,000 | $4.50M | Oct 16, 2025 | Conversion of debenture |