Amitell Capital Pte Ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Amitell Capital Pte Ltd reported 48 stock positions worth $178.1 million. Its top holding was Iren (IREN) at 8.0% of the portfolio, followed by Oracle (ORCL, 6.1%) and Tenet Healthcare (THC, 5.3%). Compared with Q1 2025, it opened 18 new positions, sold out of 16, added to 3 and reduced 6. The biggest buy was a new position in Iren (IREN) and the biggest sale NCR Atleos (NATL, shares −37%).

Most Recent 13F
Q2 2026
Location
SINGAPORE, U0
CIK
0001807559
Portfolio Value
$178.1M (Q2 2025)
SEC Filing
0001807559-25-000006 ↗ filed Aug 12, 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 Q4 2024 Q1 2025: $129.4M Q1 2025 Q2 2025: $178.1M $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 48 stocks · $178.1M
IREN Iren Ltd. filed as IREN LIMITED 8.01% 979,200 $14.3M New
ORCL Oracle Corp. 6.05% 49,311 $10.8M New
THC Tenet Healthcare Corp. 5.25% 53,142 $9.4M Reduce -22.2%
PAX Patria Investments Ltd. Class A 4.75% 601,150 $8.5M Reduce -22.6%
ET Energy Transfer LP 4.36% 428,146 $7.8M No change
PHYS Sprott Physical Gold Trust 4.21% 295,959 $7.5M No change
ASTL Algoma Steel Group Inc. 4.18% 1,080,042 $7.4M New
NATL NCR Atleos Corp. 3.89% 242,591 $6.9M Reduce -37.3%
AGI Alamos Gold Inc. Class A 3.66% 245,598 $6.5M No change
AEM Agnico Eagle Mines Ltd. 3.54% 52,925 $6.3M Reduce -14.5%
CIEN Ciena Corp. 3.49% 76,314 $6.2M New
TLT iShares 20+ Year Treasury BD 3.12% 63,000 $5.6M No change
APO Apollo Global Management Inc. 3.07% 38,583 $5.5M New
PM Philip Morris International 2.93% 28,684 $5.2M Reduce -25.4%
HII Huntington Ingalls Industrie 2.69% 19,845 $4.8M New
TASEKO MINES LTD 2.57% 1,454,081 $4.6M Reduce -29.2%
CACI Caci International Inc. Class A 2.48% 9,272 $4.4M New
CORZ Core Scientific Inc. 2.27% 236,345 $4.0M New
EZPW Ezcorp Inc. Class A 2.06% 264,238 $3.7M New
META Meta Platforms Inc. Class A 1.96% 4,732 $3.5M No change
SMCI Super Micro Computer Inc. 1.87% 68,104 $3.3M New
SNOW Snowflake Inc. 1.71% 13,634 $3.1M Add +35.1%
FCNCA First Citizens Bcshs Class A 1.70% 1,548 $3.0M No change
NGD New Gold Inc. 1.69% 606,840 $3.0M No change
PSLV Sprott Physical Silver Trust 1.65% 240,680 $2.9M No change
HBM Hudbay Minerals Inc. 1.59% 266,586 $2.8M No change
VAL Valaris Ltd. 1.56% 65,820 $2.8M No change
TDW Tidewater Inc. 1.51% 58,459 $2.7M No change
NTB Bank of N.T. Butterfield&son 1.42% 57,031 $2.5M No change
BKR Baker Hughes Co. 1.41% 65,300 $2.5M New
NG Novagold Resources Inc. 1.32% 575,700 $2.4M New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 1.31% 27,443 $2.3M Add +85.0%
PPTA Perpetua Resources Corp. 1.23% 180,000 $2.2M New
CLS Celestica Inc. 1.04% 11,908 $1.9M New
COUR Coursera Inc. 0.98% 198,564 $1.7M No change
NVT Nvent Electric PLC 0.87% 21,149 $1.5M New
LMT Lockheed Martin Corp. 0.77% 2,968 $1.4M Add +99.9%
RCKT Rocket Pharmaceuticals Inc. 0.31% 227,000 $556K New
ARCC Ares Capital Corp. 0.30% 24,366 $535K No change
MLKMF Waldencast PLC-A 0.29% 210,069 $515K No change
NBB Nuveen Taxable Municipal Inc. 0.28% 31,270 $495K No change
GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC 0.21% 17,163 $381K No change
EME Emcor Group Inc. 0.13% 447 $239K New
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.10% 18,420 $185K No change
IAUX I-80 Gold Corp. 0.08% 239,160 $143K No change
COCO The Vita Coco Co. Inc. 0.06% 3,154 $114K New
HCC Warrior Met Coal Inc. 0.03% 1,007 $46K No change
EXE Expand Energy Corp. 0.01% 87 $10K No change

Options reported separately and not counted above: SOXX puts ($13.0M), IREN calls ($2.2M), BUR puts ($30K).

Portfolio Sells Q1 2025 → Q2 2025
NATL NCR Atleos Corp. Reduce -37.3% 3.89% −4.00
GOOG Alphabet Inc. Class C Sold out 0.00% −3.07
MCHP Microchip Technology Inc. Sold out 0.00% −2.33
VOO Vanguard S&P 500 ETF Sold out 0.00% −2.12
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −2.05
MSFT Microsoft Corp. Sold out 0.00% −2.05
PAX Patria Investments Ltd. Class A Reduce -22.6% 4.75% −2.03
THC Tenet Healthcare Corp. Reduce -22.2% 5.25% −1.84
PM Philip Morris International Reduce -25.4% 2.93% −1.78
AEM Agnico Eagle Mines Ltd. Reduce -14.5% 3.54% −1.65
MTCH Match Group Inc. Sold out 0.00% −1.62
EWZ iShares MSCI Brazil ETF Sold out 0.00% −1.60
FEZ State Street SPDR Euro Stoxx Sold out 0.00% −1.56
MDB Mongodb Inc. Sold out 0.00% −1.43
SII Sprott Inc. Sold out 0.00% −1.34
CRM Salesforce Inc. Sold out 0.00% −1.06
TASEKO MINES LTD Reduce -29.2% 2.57% −0.98
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.73
INSW International Seaways Inc. Sold out 0.00% −0.58
ALB Albemarle Corp. Sold out 0.00% −0.40
DHT DHT Holdings Inc. Sold out 0.00% −0.39
TUR iShares MSCI Turkey ETF Sold out 0.00% −0.23

Portfolio Buys Q1 2025 → Q2 2025
IREN Iren Ltd. New 8.01% +8.01
ORCL Oracle Corp. New 6.05% +6.05
ASTL Algoma Steel Group Inc. New 4.18% +4.18
CIEN Ciena Corp. New 3.49% +3.49
APO Apollo Global Management Inc. New 3.07% +3.07
HII Huntington Ingalls Industrie New 2.69% +2.69
CACI Caci International Inc. Class A New 2.48% +2.48
CORZ Core Scientific Inc. New 2.27% +2.27
EZPW Ezcorp Inc. Class A New 2.06% +2.06
SMCI Super Micro Computer Inc. New 1.87% +1.87
BKR Baker Hughes Co. New 1.41% +1.41
NG Novagold Resources Inc. New 1.32% +1.32
PPTA Perpetua Resources Corp. New 1.23% +1.23
CLS Celestica Inc. New 1.04% +1.04
NVT Nvent Electric PLC New 0.87% +0.87
SNOW Snowflake Inc. Add +35.1% 1.71% +0.57
RCKT Rocket Pharmaceuticals Inc. New 0.31% +0.31
LMT Lockheed Martin Corp. Add +99.9% 0.77% +0.26
KSPI JSC Kaspi.kz ADR Add +85.0% 1.31% +0.24
EME Emcor Group Inc. New 0.13% +0.13
COCO The Vita Coco Co. Inc. New 0.06% +0.06

Options Activity Q1 2025 → Q2 2025
SOXX iShares Semiconductor ETF put New 54,600 $13.0M
INTC Intel Corp. call Sold out 489,000 $11.1Mbefore exit
TSM Taiwan Semiconductor-SP ADR put Sold out 22,410 $3.7Mbefore exit
IREN Iren Ltd. call New 148,500 $2.2M
BUR Burford Capital Ltd. put New 2,100 $30K

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

Notes & Other Activity Q1 2025 → Q2 2025
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 Sold out 319,127 $80Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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