Brave Asset Management Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 10, 2024), Brave Asset Management Inc. reported 162 stock positions worth $402.6 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 17.8% of the portfolio, followed by SS Technology Select Sector (XLK, 7.3%) and iShares MSCI Eafe Value ETF (EFV, 6.6%). Compared with Q2 2024, it opened 11 new positions, sold out of 6, added to 17 and reduced 32. The biggest buy was a new position in iShares Gold Trust (IAU) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −100%).

Most Recent 13F
Q2 2026
Location
Summit, NJ
CIK
0001085867
Portfolio Value
$402.6M (Q3 2024)
SEC Filing
0001172661-24-004215 ↗ filed Oct 10, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $385.2M Q1 2024 Q2 2024: $392.5M Q2 2024 Q3 2024: $402.6M $402.6M Q3 2024 Q4 2024: $314.5M Q4 2024 Q1 2025: $318.1M Q1 2025 Q2 2025: $367.2M Q2 2025 Q3 2025: $409.4M Q3 2025 Q4 2025: $423.9M Q4 2025 Q1 2026: $420.8M Q1 2026 Q2 2026: $467.5M Q2 2026

Holdings 162 stocks · $402.6M
AGG iShares Core U.S. Aggregate 17.85% 709,608 $71.9M Add +4.6%
XLK SS Technology Select Sector 7.34% 130,965 $29.6M Reduce -1.7%
EFV iShares MSCI Eafe Value ETF 6.60% 462,001 $26.6M Add +4.4%
IAU iShares Gold Trust 6.50% 526,536 $26.2M New
AAPL Apple Inc. 5.34% 92,351 $21.5M Reduce -0.4%
SPY SS SPDR S&P 500 ETF Trust-US 5.00% 35,075 $20.1M Add +1.5%
XLV SS Health Care Select Sector 4.81% 125,852 $19.4M Reduce -0.1%
VOO Vanguard S&P 500 ETF 4.40% 33,548 $17.7M Reduce -1.0%
MSFT Microsoft Corp. 4.29% 40,123 $17.3M Reduce -0.5%
ZD Ziff Davis Inc. 4.23% 349,868 $17.0M No change
GOOG Alphabet Inc. Class C 2.77% 66,713 $11.2M Reduce -1.1%
JPM JPMorgan Chase & Co. 2.59% 49,359 $10.4M Reduce -2.2%
AMZN Amazon.com Inc. 2.21% 47,749 $8.9M Reduce -3.5%
XLY SS Consumer Disc Select Sect 1.71% 34,280 $6.9M Add +0.4%
XLP SS Consumer Staples Sel Sect 1.45% 70,371 $5.8M Add +1.6%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.35% 67,243 $5.4M Add +1.4%
AXP American Express Co. 1.08% 16,009 $4.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.76% 6,621 $3.0M Add +1.8%
IVE iShares S&P 500 Value ETF 0.66% 13,378 $2.6M Add +1.0%
GOOGL Alphabet Inc. Class A 0.53% 12,874 $2.1M Reduce -6.5%
NOC Northrop Grumman Corp. 0.50% 3,835 $2.0M No change
BX Blackstone Inc. 0.47% 12,419 $1.9M No change
GS Goldman Sachs Group Inc. 0.45% 3,648 $1.8M No change
NVDA Nvidia Corp. 0.44% 14,559 $1.8M Reduce -10.8%
KO The Coca-Cola Co. 0.43% 24,363 $1.8M Reduce -2.6%
LLY Eli Lilly & Co. 0.41% 1,878 $1.7M No change
MRK Merck & Co. Inc. 0.41% 14,582 $1.7M Add +18.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.41% 7,479 $1.7M No change
JNJ Johnson & Johnson 0.41% 10,090 $1.6M No change
WTM White Mountains Insurance GP 0.39% 924 $1.6M No change
GLW Corning Inc. 0.39% 34,500 $1.6M No change
PFF iShares Preferred & Income S 0.37% 45,414 $1.5M No change
ALL Allstate Corp. 0.37% 7,865 $1.5M No change
VEU Vanguard Ftse All-World Ex-U 0.35% 22,132 $1.4M New
PG The Procter & Gamble Co. 0.34% 7,857 $1.4M No change
YUM Yum! Brands Inc. 0.30% 8,733 $1.2M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.27% 6,327 $1.1M No change
ADBE Adobe Inc. 0.27% 2,099 $1.1M No change
VZ Verizon Communications Inc. 0.25% 22,413 $1.0M Add +0.1%
CSCO Cisco Systems Inc. 0.24% 18,509 $985K Reduce -2.1%
MMM 3M Co. 0.24% 7,155 $978K Reduce -23.7%
APO Apollo Global Management Inc. 0.24% 7,778 $972K No change
AMGN Amgen Inc. 0.24% 2,955 $952K Reduce -7.5%
HON Honeywell International Inc. 0.23% 4,395 $908K No change
ORCL Oracle Corp. 0.22% 5,259 $896K No change
MA Mastercard Inc. Class A 0.21% 1,742 $860K No change
XOM Exxon Mobil Corp. 0.21% 7,242 $849K Reduce -4.8%
LOW Lowe's Cos Inc. 0.20% 3,045 $825K No change
ADP Automatic Data Processing 0.20% 2,972 $822K No change
MET Metlife Inc. 0.20% 9,950 $821K No change
RDNT Radnet Inc. 0.20% 11,791 $818K No change
HD Home Depot Inc. 0.20% 2,001 $811K No change
TXN Texas Instruments Inc. 0.20% 3,862 $798K No change
PFE Pfizer Inc. 0.19% 26,185 $758K Reduce -4.4%
TXT Textron Inc. 0.18% 8,200 $726K No change
CSX CSX Corp. 0.18% 20,928 $723K No change
MCO Moody's Corp. 0.17% 1,463 $694K No change
MKL Markel Group Inc. 0.17% 439 $689K No change
ABT Abbott Laboratories 0.17% 5,862 $668K Reduce -4.9%
KMI Kinder Morgan Inc. 0.16% 29,900 $660K Reduce -19.5%
TRV The Travelers Cos Inc. 0.16% 2,780 $651K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.16% 54,230 $649K No change
EMR Emerson Electric Co. 0.14% 5,331 $583K No change
CVX Chevron Corp. 0.14% 3,939 $580K Reduce -0.6%
WMS Advanced Drainage Systems Inc. 0.14% 3,600 $566K No change
C Citigroup Inc. 0.14% 9,024 $565K No change
COP Conocophillips 0.14% 5,287 $557K No change
ITW Illinois Tool Works 0.14% 2,121 $556K No change
HIG Hartford Insurance Group Inc. 0.14% 4,687 $551K No change
ABBV Abbvie Inc. 0.13% 2,740 $541K No change
T AT&T Inc. 0.13% 24,593 $541K No change
FLR Fluor Corp. 0.13% 11,012 $525K No change
ET Energy Transfer LP 0.13% 32,178 $516K Add +0.3%
DE Deere & Co. 0.13% 1,223 $510K No change
VLO Valero Energy Corp. 0.12% 3,705 $500K No change
WAT Waters Corp. 0.12% 1,366 $492K No change
DOW Dow Inc. 0.12% 8,642 $472K Reduce -4.0%
XLF SS Financial Select Sector 0.12% 10,374 $470K Reduce -4.3%
META Meta Platforms Inc. Class A 0.11% 794 $455K No change
ROP Roper Technologies Inc. 0.11% 773 $430K No change
GLD SPDR Gold Shares 0.10% 1,722 $419K No change
HII Huntington Ingalls Industrie 0.10% 1,583 $419K No change
DVN Devon Energy Corp. 0.10% 10,600 $415K Add +26.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 10,375 $412K Reduce -0.9%
FLNG Flex LNG Ltd. 0.10% 15,700 $399K Add +36.5%
BND Vanguard Total Bond Market 0.10% 5,316 $399K Reduce -2.9%
CACC Credit Acceptance Corp. 0.10% 891 $395K No change
CR Crane Co. 0.09% 2,355 $373K No change
CI The Cigna Group 0.09% 1,043 $361K No change
ACN Accenture PLC Class A 0.09% 1,009 $357K No change
CRSP Crispr Therapeutics AG 0.09% 7,559 $355K No change
PH Parker Hannifin Corp. 0.09% 553 $349K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.09% 2,825 $342K Reduce -7.8%
ESGR Enstar Group Ltd. 0.08% 1,040 $334K No change
BMY Bristol-Myers Squibb Co. 0.08% 6,400 $331K New
URI United Rentals Inc. 0.08% 403 $326K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 3,380 $325K Reduce -93.4%
NEM Newmont Corp. 0.08% 6,000 $321K No change
SHEL Shell PLC-ADR 0.08% 4,800 $317K No change
GE General Electric filed as GE AEROSPACE 0.08% 1,621 $306K No change

Show all 162 holdings

Options reported separately and not counted above: QQQ puts ($6.0M), SPY puts ($2.2M), KWEB calls ($541K), FCX calls ($424K), INTC calls ($117K).

Other holdings (3): bonds, preferreds, convertibles and warrants · $20K (not counted above)
SecurityClassShares / PrincipalValueChange
ASTLW Algoma Steel Group Inc. -CW26 *W EXP 10/19/202 10,000$17KNo change
LUCYW Innovative Eyewear Inc.-CW23 *W EXP 08/16/202 31,388$1KNew
RBOT.WS Vicarious Surgical Inc.-CW27 *W EXP 09/17/202 25,000$1KNew

Total filed on the 13F, all lines: $402.6M.

Portfolio Sells Q2 2024 → Q3 2024
QQQ Invesco QQQ Trust Series 1 Reduce -99.7% 0.02% −7.49
DIS The Walt Disney Co. Reduce -93.4% 0.08% −1.21
GOOG Alphabet Inc. Class C Reduce -1.1% 2.77% −0.38
XLK SS Technology Select Sector Reduce -1.7% 7.34% −0.34
MSFT Microsoft Corp. Reduce -0.5% 4.29% −0.30
AMZN Amazon.com Inc. Reduce -3.5% 2.21% −0.23
GOOGL Alphabet Inc. Class A Reduce -6.5% 0.53% −0.11
NVDA Nvidia Corp. Reduce -10.8% 0.44% −0.07
AI C3.AI Inc. Class A Sold out 0.00% −0.07
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.06
SCHW Schwab (charles) Corp. Sold out 0.00% −0.06
XLE SS Energy Select Sector Reduce -46.4% 0.06% −0.05
SLV iShares Silver Trust Sold out 0.00% −0.05
KMI Kinder Morgan Inc. Reduce -19.5% 0.16% −0.02
AMGN Amgen Inc. Reduce -7.5% 0.24% −0.02
JPM JPMorgan Chase & Co. Reduce -2.2% 2.59% −0.02
CVX Chevron Corp. Reduce -0.6% 0.14% −0.01
XOM Exxon Mobil Corp. Reduce -4.8% 0.21% −0.01
LAC Lithium Americas Corp. Sold out 0.00% −0.01
QS Quantumscape Corp. Reduce -40.5% 0.02% −0.01
PYPL PayPal Holdings Inc. Reduce -33.5% 0.05% −0.01
PFE Pfizer Inc. Reduce -4.4% 0.19% −0.01
WFC Wells Fargo & Co. Reduce -2.3% 0.07% −0.01
DOW Dow Inc. Reduce -4.0% 0.12% −0.00
BAC Bank of America Corp. Reduce -0.9% 0.10% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -4.2% 0.06% −0.00
DNA Ginkgo Bioworks Holdings Inc. Sold out 0.00% −0.00
MMM 3M Co. Reduce -23.7% 0.24% −0.00
BND Vanguard Total Bond Market Reduce -2.9% 0.10% −0.00
SJM The JM Smucker Co. Reduce -7.8% 0.09% −0.00
ABT Abbott Laboratories Reduce -4.9% 0.17% +0.00
XLF SS Financial Select Sector Reduce -4.3% 0.12% +0.00
TPL Texas Pacific Land Corp. Reduce -4.0% 0.06% +0.01
CSCO Cisco Systems Inc. Reduce -2.1% 0.24% +0.02
KO The Coca-Cola Co. Reduce -2.6% 0.43% +0.03
VOO Vanguard S&P 500 ETF Reduce -1.0% 4.40% +0.08
XLV SS Health Care Select Sector Reduce -0.1% 4.81% +0.14
AAPL Apple Inc. Reduce -0.4% 5.34% +0.37

Portfolio Buys Q2 2024 → Q3 2024
IAU iShares Gold Trust New 6.50% +6.50
AGG iShares Core U.S. Aggregate Add +4.6% 17.85% +1.07
EFV iShares MSCI Eafe Value ETF Add +4.4% 6.60% +0.62
VEU Vanguard Ftse All-World Ex-U New 0.35% +0.35
SPY SS SPDR S&P 500 ETF Trust-US Add +1.5% 5.00% +0.21
XLU St Sr Utl SL SE SPDR ETF-Usd Add +1.4% 1.35% +0.20
XLY SS Consumer Disc Select Sect Add +0.4% 1.71% +0.12
XLP SS Consumer Staples Sel Sect Add +1.6% 1.45% +0.10
BRK.B Berkshire Hathaway Inc. Class B Add +1.8% 0.76% +0.08
BMY Bristol-Myers Squibb Co. New 0.08% +0.08
CRS Carpenter Technology New 0.07% +0.07
AFL Aflac Inc. New 0.06% +0.06
OXY Occidental Petroleum Corp. New 0.06% +0.06
FYBR Frontier Communications Pare New 0.05% +0.05
RS Reliance Inc. New 0.05% +0.05
V Visa Inc. Class A New 0.05% +0.05
IVE iShares S&P 500 Value ETF Add +1.0% 0.66% +0.04
INTC Intel Corp. New 0.04% +0.04
FCX Freeport-McMoran Inc. New 0.02% +0.02
MRK Merck & Co. Inc. Add +18.6% 0.41% +0.02
FLNG Flex LNG Ltd. Add +36.5% 0.10% +0.02
VZ Verizon Communications Inc. Add +0.1% 0.25% +0.01
DVN Devon Energy Corp. Add +26.2% 0.10% +0.00
PROSHARES TR Add +15.6% 0.05% +0.00
LNC Lincoln National Corp. Add +0.7% 0.07% −0.00
XRX Xerox Holdings Corp. Add +0.7% 0.03% −0.00
WBA Walgreens Boots Alliance Inc. Add +23.2% 0.03% −0.00
ET Energy Transfer LP Add +0.3% 0.13% −0.00

Options Activity Q2 2024 → Q3 2024
QQQ Invesco QQQ Trust Series 1 put New 12,300 $6.0M
SPY SS SPDR S&P 500 ETF Trust-US put New 3,800 $2.2M
KWEB Kranesh Csi China Internet call New 15,900 $541K
FCX Freeport-McMoran Inc. call New 8,500 $424K
INTC Intel Corp. call New 5,000 $117K
CRSP Crispr Therapeutics AG call Sold out 700 $38Kbefore exit

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

Notes & Other Activity Q2 2024 → Q3 2024
LUCYW Innovative Eyewear Inc.-CW23 *W EXP 08/16/202 New 31,388 $1K
RBOT.WS Vicarious Surgical Inc.-CW27 *W EXP 09/17/202 New 25,000 $1K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 144$467.5MEFV, XLK, AGG, ZD, AAPL
Q1 2026 154$420.8MEFV, AGG, XLK, AAPL, ZD
Q4 2025 164$423.9MEFV, XLK, AGG, AAPL, GOOG
Q3 2025 165$409.4MEFV, AGG, XLK, AAPL, MSFT
Q2 2025 162$367.2MEFV, AGG, XLK, MSFT, VOO
Q1 2025 157$318.1MEFV, XLK, SPY, AAPL, VOO
Q4 2024 159$314.5MXLK, EFV, AAPL, SPY, ZD
Q3 2024 162$402.6MAGG, XLK, EFV, IAU, AAPL
Q2 2024 157$392.5MAGG, XLK, QQQ, EFV, AAPL
Q1 2024 164$385.2MAGG, XLK, QQQ, EFV, ZD