Armor Advisors, L.L.C.

Name: ARMOR ADVISORS, L.L.C. 13F holdings, Q1 2026
Creator: ARMOR ADVISORS, L.L.C.
Published: 2026-05-15

Q2 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Armor Advisors, L.L.C. reported 14 stock positions worth $89.8 million. Its top holding was CRH (CRH) at 30.2% of the portfolio, followed by Navios Maritime Partners (NMM, 15.2%) and Alamos Gold Class A (AGI, 13.2%). Compared with Q4 2025, it opened 5 new positions, sold out of 4 and added to 7. The biggest buy was a new position in Zimmer Biomet (ZBH) and the biggest sale an exit from iShares Silver Trust (SLV).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001600698
Portfolio Value: $89.8M (Q1 2026)
SEC Filing: 0001600698-26-000005 ↗ filed May 15, 2026

Holdings Value

Holdings 14 stocks · $89.8M


CRH CRH PLC	30.18%	257,689	$27.1M	Add +13.0%
NMM Navios Maritime Partners LP	15.17%	201,776	$13.6M	No change
AGI Alamos Gold Inc. Class A	13.16%	265,745	$11.8M	Add +7.0%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC	11.64%	141,080	$10.4M	Add +7.6%
FCNCA First Citizens Bcshs Class A	5.42%	2,581	$4.9M	Add +74.5%
SKE Skeena Resources Ltd.	4.90%	147,847	$4.4M	Add +63.5%
ZBH Zimmer Biomet Holdings Inc.	4.74%	47,060	$4.3M	New
FERG Ferguson Enterprises Inc.	4.37%	16,804	$3.9M	Add +13.5%
ZTS Zoetis Inc.	4.26%	32,350	$3.8M	New
DVN Devon Energy Corp.	1.63%	29,000	$1.5M	New
SA Seabridge Gold Inc.	1.61%	51,132	$1.4M	No change
OSISKO DEVELOPMENT CORP	1.28%	353,000	$1.1M	New
EXK Endeavour Silver Corp.	1.16%	112,000	$1.0M	Add +0.9%
EOG EOG Resources Inc.	0.48%	3,000	$434K	New

Options reported separately and not counted above: SPY puts ($97.6M), HYG puts ($87.5M), GLD calls ($20.7M), BX puts ($2.3M).

Portfolio Sells Q4 2025 → Q1 2026


SLV iShares Silver Trust	Sold out	0.00%	−9.95
ICLR Icon PLC	Sold out	0.00%	−7.61
SBLK Star Bulk Carriers Corp.	Sold out	0.00%	−6.61
PPLT Abrdn Physical Platinum SHRS	Sold out	0.00%	−2.52

Portfolio Buys Q4 2025 → Q1 2026


ZBH Zimmer Biomet Holdings Inc.	New	4.74%	+4.74
ZTS Zoetis Inc.	New	4.26%	+4.26
AGI Alamos Gold Inc. Class A	Add +7.0%	13.16%	+3.13
SKE Skeena Resources Ltd.	Add +63.5%	4.90%	+2.65
FCNCA First Citizens Bcshs Class A	Add +74.5%	5.42%	+2.10
DVN Devon Energy Corp.	New	1.63%	+1.63
OSISKO DEVELOPMENT CORP	New	1.28%	+1.28
KSPI JSC Kaspi.kz ADR	Add +7.6%	11.64%	+0.92
FERG Ferguson Enterprises Inc.	Add +13.5%	4.37%	+0.92
EOG EOG Resources Inc.	New	0.48%	+0.48
CRH CRH PLC	Add +13.0%	30.18%	+0.39
EXK Endeavour Silver Corp.	Add +0.9%	1.16%	+0.07

Options Activity Q4 2025 → Q1 2026


SPY SS SPDR S&P 500 ETF Trust-US	put	New	150,000	$97.6M
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	put	New	1,100,000	$87.5M
GLD SPDR Gold Shares	call	New	48,000	$20.7M
NMM Navios Maritime Partners LP	call	Sold out	310,000	$16.3Mbefore exit
BX Blackstone Inc.	put	New	20,000	$2.3M

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	15	$122.4M	CRH, NMM, ZBH, ZTS, KSPI
Q1 2026	14	$89.8M	CRH, NMM, AGI, KSPI, FCNCA
Q4 2025	13	$95.5M	CRH, NMM, KSPI, AGI, SLV
Q3 2025	13	$105.5M	CRH, FNV, RGLD, KSPI, NMM
Q2 2025	14	$100.7M	CRH, FNV, RGLD, KSPI, FERG
Q1 2025	14	$101.6M	CRH, FNV, FERG, RGLD, NMM
Q4 2024	11	$82.0M	CRH, FNV, FERG, NMM, SBLK
Q3 2024	11	$120.4M	CRH, NMM, XP, FNV, RGLD
Q2 2024	11	$126.3M	KSPI, CRH, XP, FNV, RGLD
Q1 2024	12	$139.4M	KSPI, CRH, FNV, RGLD, FCNCA