UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-09261
Foxby Corp.
(Exact name of registrant as specified in charter)
11 Hanover Square, 12th Floor
New York, NY 10005
(Address of principal executive offices) (Zip code)
Thomas B. Winmill, President
Foxby Corp.
11 Hanover Square, 12th Floor
New York, NY 10005
(Name and address of agent for service)
Registrant's telephone number, including area code: 1-212-344-6310
Date of fiscal year end: 12/31
Date of reporting period: 3/31/06
Item 1. Schedule of Investments
Form N-Q - March 31, 2006 (Unaudited)
Foxby Corp.
Shares COMMON STOCKS - 113.09% Value
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Cable & other Pay Television Services - 2.68%
7,600 Comcast Corp. (a) $ 198,816
Cement, Hydraulic - 1.85%
2,100 Cemex SA DE CV (b) 137,088
Copper Exploration - 1.90%
55,000 Peru Copper, Inc. (a) 140,800
Crude Petroleum & Natural Gas - 3.10%
3,200 EOG Resources, Inc. 230,400
Fire, Marine & Casualty Insurance - 3.84%
28,000 PMA Capital Corp. - Class A (a) 285,040
Food and Kindred Products - 1.80%
1,800 Nestle SA (b) 133,259
Gold Mining - 13.97%
37,500 Desert Sun Mining Corp. (a) 207,000
35,000 Gammon Lake Resources, Inc. (a) 633,500
40,000 Jaguar Mining, Inc. (a) 195,783
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1,036,283
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Industrial & Commercial Fans & Blowers & Air Purifing Equipment - 3.37%
7,400 Donaldson Co., Inc. 250,046
Insurance Agents, Brokers & Services - 4.74%
10,600 Brown & Brown, Inc. 351,920
In Vitro & In Vivo Diagnostic Substances - 5.12%
4,400 IDEXX Laboratories, Inc. (a) 379,984
Malt Beverages - 4.89%
3,200 Anheuser-Busch Companies, Inc. 136,864
3,300 Molson Coors Brewing Comp. 226,446
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363,310
National Commercial Banks - 8.99%
4,307 Bank of America Corp. 196,141
7,700 U.S. Bancorp 234,850
3,700 Wells Fargo & Co. 236,319
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667,310
Natural Gas Distribution - 1.18%
21,600 Metrogas, Inc. (a)(b) 87,696
Patent Owners & Lessors - 3.91%
8,200 SurModics, Inc. (a) 289,952
Foxby Corp.
Form N-Q - March 31, 2006 (Unaudited) - Continued
Shares COMMON STOCKS - 113.09% Value
---------
Radio & TV Broadcasting & Communications Equipment - 2.55%
12,800 NTT DoCoMo, Inc. (b) 189,056
Retail - Drug Stores & Proprietary Stores - 3.55%
6,100 Walgreen Co. 263,093
Retail - Variety Stores - 3.08%
4,400 Target Corp. 228,844
Semiconductors & Related Devices - 2.58%
9,900 Intel Corp. 191,565
Services-Motion Picture & Video Tape Production - 1.74%
8,600 Discovery Holding Co. (a) 129,000
Silver Mining & Exploration - 9.18%
56,000 Bear Creek Mining Co. (a) 272,160
24,130 Silvercorp Metals, Inc. (a) 409,003
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681,163
Soap, Detergents, Cleaning Preparations, Perfumes, Cosmetics - 3.42%
4,400 Procter & Gamble Co. 253,528
State Commercial Banks - 3.99%
4,900 State Street Corp. 296,107
Surety Insurance - 2.29%
7,800 Old Republic International Corp. 170,196
Title Insurance - 12.09%
31,000 Capital Title Group, Inc. 239,010
4,600 Fidelity National Financial, Inc. 163,438
3,700 First American Corp. 144,892
2,800 LandAmerica Financial Group, Inc. 189,980
3,400 Stewart Information Services Corp. 160,072
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897,392
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Media & Telecommunications - 1.94%
4,200 Vivendi Universal 143,640
Wholesale - Farm Product Raw Materials - 2.49%
38,000 Alliance One International, Inc. (a) 184,680
Wholesale - Medical, Dental & Hospital Equipment & Supplies - 2.85%
6,000 Patterson Co. (a) 211,200
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Total Common Stocks (cost: $7,260,915) 8,391,368
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Foxby Corp.
Form N-Q - March 31, 2006 (Unaudited) - Continued
Shares WARRANTS 1.24% Value
-------
9,375 Desert Sun Mining Corp., 11/20/2008 $ 33,752
25,000 Jaguar Mining, 12/31/2007 58,075
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Total Warrants (cost: $0) 91,827
------
Total Investments (cost: $7,260,915) - 114.33% 8,483,195
---------
Liabilities in Excess of Cash & Other Assets - (14.33%) (1,063,146)
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Total Net Assets - 100.00% $ 7,420,049
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(a) Non-income producing.
(b) American Depository Receipt.
Tax Related
Unrealized appreciation $ 1,663,381
Unrealized depreciation (441,101)
--------
Net unrealized appreciation $ 1,222,280
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Aggregate cost of securities for income tax purposes $ 7,260,915
===========
Securities valuation policies and other investment related disclosures are
hereby incorporated by reference in the annual and semi-annual reports
previously filed with the Securities and Exchange Commission on Form N-CSR.
Item 2. Controls and Procedures
(a) The Principal Executive Officer and Principal Financial Officer have
concluded that the registrant's disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act) provide
reasonable assurances that material information relating to the registrant
is made known to them by the appropriate persons, based on their evaluation
of these controls and procedures as of a date within 90 days of the filing
date of this report.
(b) There were no significant changes in the registrant's internal control over
financial reporting (as defined in Rule 30a- 3(d) under the Act (17 CFR
270.30a-3(d)) that occurred during the registrant's last fiscal quarter
that has materially affected, or is reasonably likely to materially affect,
the registrant's internal control over financial reporting.
Item 3. Exhibits
(a) Certifications of principal executive and principal financial officers as
required by Rule 30a-2(a) under the Investment Company Act of 1940.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
FOXBY CORP.
By:/s/ Thomas B. Winmill
----------------------
Thomas B. Winmill, President
Date: May 26, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By:/s/ Thomas B. Winmill
----------------------
Thomas B. Winmill, President
Date: May 26, 2006
By:/s/ Thomas O'Malley
--------------------
Thomas O'Malley, Chief Financial Officer
Date: May 26, 2006
EXHIBIT INDEX
(a) Certifications of principal executive and principal financial officers as
required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)