Amitell Capital Pte Ltd

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Amitell Capital Pte Ltd reported 35 stock positions worth $110.5 million. Its top holding was NCR Atleos (NATL) at 11.9% of the portfolio, followed by Patria Investments Class A (PAX, 8.2%) and Microsoft (MSFT, 7.7%). Compared with Q3 2024, it opened 7 new positions, sold out of 9, added to 5 and reduced 2. The biggest buy was a new position in Vale SA-SP ADR (VALE) and the biggest sale NCR Voyix (VYX, shares −95%).

Most Recent 13F
Q2 2026
Location
SINGAPORE, U0
CIK
0001807559
Portfolio Value
$110.5M (Q4 2024)
SEC Filing
0001807559-25-000002 ↗ filed Feb 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $118.1M Q1 2024 Q2 2024: $116.0M Q2 2024 Q3 2024: $133.4M Q3 2024 Q4 2024: $110.5M $110.5M Q4 2024 Q1 2025: $129.4M Q1 2025 Q2 2025: $178.1M Q2 2025 Q3 2025: $135.2M Q3 2025 Q4 2025: $89.4M Q4 2025 Q1 2026: $62.4M Q1 2026 Q2 2026: $109.3M Q2 2026

Holdings 35 stocks · $110.5M
NATL NCR Atleos Corp. 11.88% 387,101 $13.1M No change
PAX Patria Investments Ltd. Class A 8.17% 776,585 $9.0M No change
MSFT Microsoft Corp. 7.66% 20,077 $8.5M Add +21.0%
ET Energy Transfer LP 7.59% 428,146 $8.4M No change
THC Tenet Healthcare Corp. 6.66% 58,367 $7.4M No change
PHYS Sprott Physical Gold Trust 6.25% 343,007 $6.9M No change
AGI Alamos Gold Inc. Class A 5.12% 306,698 $5.7M Add +4.9%
AEM Agnico Eagle Mines Ltd. 4.38% 61,915 $4.8M No change
SNOW Snowflake Inc. 4.11% 29,400 $4.5M Reduce -25.0%
MDB Mongodb Inc. 3.92% 18,625 $4.3M Add +36.7%
NGD New Gold Inc. 3.61% 1,609,340 $4.0M No change
VALE Vale SA-SP ADR 3.45% 429,550 $3.8M New
FCNCA First Citizens Bcshs Class A 2.96% 1,548 $3.3M No change
PM Philip Morris International 2.88% 26,444 $3.2M New
EZPW Ezcorp Inc. Class A 2.85% 258,099 $3.2M No change
TLT iShares 20+ Year Treasury BD 2.49% 31,500 $2.8M No change
DDOG Datadog Inc. Class A 2.47% 19,095 $2.7M New
GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC 2.21% 89,163 $2.4M No change
PSLV Sprott Physical Silver Trust 1.75% 200,680 $1.9M Add +20.1%
SII Sprott Inc. 1.47% 38,510 $1.6M No change
TDW Tidewater Inc. 1.21% 24,459 $1.3M Add +227.9%
VAL Valaris Ltd. 0.98% 24,410 $1.1M New
OSISKO DEVELOPMENT CORP 0.85% 579,043 $944K New
INSW International Seaways Inc. 0.73% 22,500 $809K No change
MLKMF Waldencast PLC-A 0.71% 193,945 $780K New
IAUX I-80 Gold Corp. 0.53% 1,217,060 $590K New
NPWR Net Power Inc. 0.53% 55,118 $584K No change
ARCC Ares Capital Corp. 0.48% 24,366 $533K No change
TECK Teck Resources Ltd.-CLS B 0.48% 13,000 $527K No change
VYX NCR Voyix Corp. 0.47% 37,736 $522K Reduce -94.5%
NBB Nuveen Taxable Municipal Inc. 0.42% 31,270 $468K No change
DHT DHT Holdings Inc. 0.41% 48,260 $448K No change
AEHR Aehr Test Systems 0.28% 18,562 $309K No change
HCC Warrior Met Coal Inc. 0.05% 1,007 $55K No change
EXE Expand Energy Corp. 0.01% 87 $9K No change

Options reported separately and not counted above: INTC calls ($9.8M), SLV calls ($2.7M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $102K (not counted above)
SecurityClassShares / PrincipalValueChange
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 401,200$102KNo change

Total filed on the 13F, all lines: $110.7M.

Portfolio Sells Q3 2024 → Q4 2024
VYX NCR Voyix Corp. Reduce -94.5% 0.47% −6.54
AVGO Broadcom Inc. Sold out 0.00% −5.61
TW Tradeweb Markets Inc. Class A Sold out 0.00% −3.61
PLAY Dave & Buster's Entertainmen Sold out 0.00% −3.48
NEM Newmont Corp. Sold out 0.00% −3.11
QCOM Qualcomm Inc. Sold out 0.00% −2.26
GLATFELTER CORP Sold out 0.00% −1.15
HL Hecla Mining Co. Sold out 0.00% −1.07
PR Permian Resources Corp. Class A Sold out 0.00% −0.79
FANG Diamondback Energy Inc. Sold out 0.00% −0.78
SNOW Snowflake Inc. Reduce -25.0% 4.11% +0.73

Portfolio Buys Q3 2024 → Q4 2024
VALE Vale SA-SP ADR New 3.45% +3.45
PM Philip Morris International New 2.88% +2.88
DDOG Datadog Inc. Class A New 2.47% +2.47
MSFT Microsoft Corp. Add +21.0% 7.66% +2.30
MDB Mongodb Inc. Add +36.7% 3.92% +1.16
VAL Valaris Ltd. New 0.98% +0.98
OSISKO DEVELOPMENT CORP New 0.85% +0.85
TDW Tidewater Inc. Add +227.9% 1.21% +0.81
AGI Alamos Gold Inc. Class A Add +4.9% 5.12% +0.75
MLKMF Waldencast PLC-A New 0.71% +0.71
IAUX I-80 Gold Corp. New 0.53% +0.53
PSLV Sprott Physical Silver Trust Add +20.1% 1.75% +0.44

Options Activity Q3 2024 → Q4 2024
INTC Intel Corp. call New 489,000 $9.8M
PRKS United Parks & Resorts Inc. call Sold out 1,500 $76Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 26$109.3MVT, GOOG, NVDA, IEMG, VGK
Q1 2026 14$62.4MVT, THC, XME, BRK.B, IEMG
Q4 2025 20$89.4MVT, COPX, GDX, AMZN, THC
Q3 2025 42$135.2MTHC, MOH, AGI, PAX, CIEN
Q2 2025 48$178.1MIREN, ORCL, THC, PAX, ET
Q1 2025 46$129.4MNATL, THC, PAX, ET, PHYS
Q4 2024 35$110.5MNATL, PAX, MSFT, ET, THC
Q3 2024 37$133.4MNATL, THC, VYX, PAX, AVGO
Q2 2024 37$116.0MNATL, PAX, THC, VYX, FORM
Q1 2024 40$118.1MTHC, PAX, NATL, MU, VYX