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: 9/30/06
Item 1. Schedule of Investments
September 30, 2006 (Unaudited)
FOXBY CORP.
FORM N-Q - SEPTEMBER 30, 2006 (UNAUDITED)
SHARES COMMON STOCKS (80.55%) MARKET VALUE
CABLE & OTHER PAY TELEVISION SERVICES (3.83%)
7,600 Comcast Corp. - Class A (b) $ 280,060
---------
CEMENT, HYDRAULIC (1.73%)
4,200 Cemex SA DE CV (a) (b) 126,336
---------
DIVERSIFIED METALS (5.06%)
25,000 Skye Resources Inc. (b) 369,723
---------
FOOD AND KINDRED PRODUCTS (2.14%)
1,800 Nestle SA (a) 156,465
---------
GOLD MINING (6.84%)
7,000 Aurelian Resources, Inc. (a) (b) 186,654
20,000 Guyana Goldfields, Inc. (b) 158,645
110,000 Reunion Gold Corp (b) 154,791
---------
500,090
---------
INDUSTRIAL & COMMERCIAL FANS & BLOWERS
& AIR PURIFING EQUIPMENT (3.74%)
7,400 Donaldson Company, Inc. 273,060
---------
INDUSTRIAL INORGANIC CHEMICALS (3.88%)
64,100 Calgon Carbon Corporation (b) 283,322
---------
INSURANCE AGENTS, BROKERS & SERVICES (4.43%)
10,600 Brown & Brown, Inc. 323,936
---------
IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES (5.49%)
4,400 IDEXX Laboratories, Inc. (b) 401,016
---------
MALT BEVERAGES (5.19%)
3,200 Anheuser-Busch Companies, Inc. 152,032
3,300 Molson Coors Company Class B 227,370
---------
379,402
---------
METAL - COPPER (2.97%)
51,500 Corriente Resources, Inc. (b) 216,815
---------
MINING (2.26%)
40,000 Jaguar Mining, Inc. (b) 164,919
---------
MISCELLANEOUS METAL ORES (3.95%)
99,000 Etruscan Resources Inc. (b) 288,384
---------
NATURAL GAS DISTRIBUTION (0.96%)
21,600 MetroGAS S.A. (a) (b) 70,416
---------
PATENT OWNERS & LESSORS (3.94%)
8,200 SurModics, Inc. (b) 287,984
---------
PETROLEUM REFINING (3.31%)
4,700 Valero Energy Corp 241,909
---------
RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT (2.70%)
12,800 NTT DoCoMo, Inc. (a) 197,248
---------
RETAIL - DRUG STORES & PROPRIETARY STORES (3.71%)
6,100 Walgreen Co. 270,779
---------
SEMICONDUCTORS & RELATED DEVICES (2.79%)
9,900 Intel Corporation 203,643
---------
SOAP, DETERGENTS, CLEANING PREPARATIONS,
PERFUMES, COSMETICS (3.73%)
4,400 The Procter & Gamble Company 272,712
---------
TITLE INSURANCE (5.14%)
4,600 Fidelity National Financial, Inc. 191,590
2,800 LandAmerica Financial Group, Inc. 184,212
---------
375,802
---------
1
FOXBY CORP.
FORM N-Q - SEPTEMBER 30, 2006 (UNAUDITED)
SHARES COMMON STOCKS (80.55%) MARKET VALUE
WHOLESALE - MEDICAL, DENTAL & HOSPITAL
EQUIPMENT & SUPPLIES (2.76%)
6,000 Patterson Companies Inc. (b) $ 201,660
---------
Total Common Stocks (cost: $5,308,053) 5,885,681
---------
SHARES WARRANTS (4.38%) MARKET VALUE
100,000 Cambior Inc., 8/12/2008 (b) 112,037
450,000 Golden Star Resources Inc., 2/17/2007 (b) 133,100
25,000 Jaguar Mining Inc., 12/31/2007 (b) 35,852
9,375 Yamana Gold Inc., 11/20/2008 (b) 39,073
---------
320,062
---------
Total Warrants (cost: $430,413) 320,062
---------
PAR VALUE REPURCHASE AGREEMENTS (15.44%) MARKET VALUE
$ 1,128,455 Repurchase Agreement with State Street Bank & Trust,
due 10/2/06 (collateralized by $845,000 U.S.
Treasury Bond, 8.75%, due 5/15/17, value $1,151,865) 1,128,455
---------
Total Repurchase Agreements (cost: $1,128,455) 1,128,455
---------
Total Investments (cost: $6,866,921) (100.37%) 7,334,198
---------
Liabilities in Excess of Other Assets (-0.37%) (27,200)
---------
Total Net Assets (100.00%) $ 7,306,998
=========
(a) American Depositary Receipts.
(b) Non-income producing securities.
Income Taxes.
At September 30, 2006, the cost of investments and net unrealized
appreciation (depreciation) for income tax purposes were as
follows:
Unrealized appreciation $ 1,145,835
Unrealized depreciation $ (678,558)
---------
Net unrealized appreciation $ 467,277
=========
Aggregate cost of securities for income tax purposes $ 6,866,921
=========
2
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: November 17, 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: November 17, 2006
By:/s/ Thomas O'Malley
--------------------
Thomas O'Malley, Chief Financial Officer
Date: November 17, 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)