Cadence Wealth Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Cadence Wealth Management LLC reported 45 stock positions worth $135.3 million. Its top holding was iShares 20+ Year Treasury BD (TLT) at 28.8% of the portfolio, followed by iShares Silver Trust (SLV, 16.2%) and iShares 7-10 Year Treasury B (IEF, 8.4%). Compared with Q4 2024, it sold out of 2, added to 30 and reduced 11. The biggest buy was iShares Silver Trust (SLV, shares +14%) and the biggest sale an exit from Vaneck Gold Miners ETF (GDX).
- Most Recent 13F
- Q2 2026
- Location
- WESTBOROUGH, MA
- CIK
- 0001845250
- Portfolio Value
- $135.3M (Q1 2025)
- SEC Filing
- 0001951757-25-000516 ↗ filed May 6, 2025
Holdings Value
Holdings 45 stocks · $135.3M
| TLT iShares 20+ Year Treasury BD | 28.85% | 428,734 | $39.0M | Add +2.3% |
| SLV iShares Silver Trust | 16.24% | 709,110 | $22.0M | Add +13.9% |
| IEF iShares 7-10 Year Treasury B | 8.39% | 119,079 | $11.4M | Add +75.1% |
| GLD SPDR Gold Shares | 7.65% | 35,900 | $10.3M | Reduce -33.3% |
| CEF Sprott Physical Gold and Sil | 5.75% | 273,992 | $7.8M | Reduce -3.5% |
| XLE SS Energy Select Sector | 5.40% | 78,189 | $7.3M | Add +1.2% |
| SCHV Schwab US Large-Cap Value | 3.16% | 160,812 | $4.3M | Add +28.3% |
| VEU Vanguard Ftse All-World Ex-U | 3.06% | 68,280 | $4.1M | Reduce -2.2% |
| GNR State Street SPDR S&P Global | 2.61% | 66,219 | $3.5M | Add +40.9% |
| XOP SS SPDR S&P Og Exp & Prod | 2.39% | 24,572 | $3.2M | Add +2.2% |
| VWO Vanguard Ftse Emerging Marke | 1.79% | 53,615 | $2.4M | Add +28.9% |
| EEM iShares MSCI Emerging Market | 0.87% | 26,872 | $1.2M | Reduce -44.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.86% | 7,270 | $1.2M | Reduce -16.5% |
| META Meta Platforms Inc. Class A | 0.86% | 2,008 | $1.2M | Add +0.1% |
| AEM Agnico Eagle Mines Ltd. | 0.82% | 10,264 | $1.1M | Reduce -20.3% |
| PAAS Pan American Silver Corp. | 0.79% | 41,130 | $1.1M | Add +3.4% |
| BTG B2GOLD Corp. | 0.61% | 291,889 | $832K | Add +22.8% |
| NEM Newmont Corp. | 0.61% | 16,966 | $819K | Add +20.6% |
| KGC Kinross Gold Corp. | 0.58% | 62,281 | $785K | Reduce -26.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.57% | 12,911 | $776K | Add +5.8% |
| TS Tenaris SA-ADR | 0.55% | 19,044 | $745K | Add +4.9% |
| BHP BHP Group Ltd.-Spon ADR | 0.50% | 14,005 | $680K | Add +32.4% |
| NTR Nutrien Ltd. | 0.47% | 12,873 | $639K | Add +4.1% |
| MOS The Mosaic Co. | 0.46% | 23,254 | $628K | Add +6.2% |
| BSX Boston Scientific Corp. | 0.44% | 5,890 | $594K | No change |
| HP Helmerich & Payne | 0.43% | 22,141 | $578K | Add +152.3% |
| DINO HF Sinclair Corp. | 0.41% | 16,972 | $558K | Add +46.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 2,020 | $555K | Add +0.8% |
| CNQ Canadian Natural Resources | 0.38% | 16,712 | $515K | Add +8.3% |
| SSRM SSR Mining Inc. | 0.37% | 50,290 | $504K | Add +2.8% |
| AAPL Apple Inc. | 0.37% | 2,238 | $497K | Reduce -22.4% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.36% | 107,183 | $491K | Add +10.0% |
| NVDA Nvidia Corp. | 0.35% | 4,431 | $480K | Reduce -0.9% |
| ITOT iShares Core S&P Total U.S. | 0.35% | 3,879 | $473K | Add +8.3% |
| ICL Icl Group Ltd. | 0.34% | 82,255 | $462K | Reduce -12.4% |
| CTRA Coterra Energy Inc. | 0.27% | 12,751 | $369K | Add +7.3% |
| CVS CVS Health Corp. | 0.23% | 4,599 | $312K | No change |
| SCCO Southern Copper Corp. | 0.22% | 3,115 | $291K | Add +6.7% |
| CALM Cal-Maine Foods Inc. | 0.21% | 3,075 | $280K | Add +0.4% |
| XLK SS Technology Select Sector | 0.20% | 1,331 | $275K | Add +6.8% |
| SCHX Schwab US Large-Cap ETF | 0.20% | 12,294 | $271K | Add +7.3% |
| AMZN Amazon.com Inc. | 0.18% | 1,273 | $242K | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 421 | $235K | Add +4.7% |
| ES Eversource Energy | 0.16% | 3,521 | $219K | No change |
| FSCO FS Credit Opportunities Corp. | 0.09% | 17,205 | $121K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −12.76 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −8.21 |
| GLD SPDR Gold Shares | Reduce -33.3% | 7.65% | −0.98 |
| EEM iShares MSCI Emerging Market | Reduce -44.8% | 0.87% | −0.48 |
| AAPL Apple Inc. | Reduce -22.4% | 0.37% | −0.11 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -16.5% | 0.86% | −0.07 |
| NVDA Nvidia Corp. | Reduce -0.9% | 0.35% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 0.18% | −0.01 |
| ICL Icl Group Ltd. | Reduce -12.4% | 0.34% | +0.03 |
| KGC Kinross Gold Corp. | Reduce -26.1% | 0.58% | +0.06 |
| AEM Agnico Eagle Mines Ltd. | Reduce -20.3% | 0.82% | +0.16 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -2.2% | 3.06% | +0.41 |
| CEF Sprott Physical Gold and Sil | Reduce -3.5% | 5.75% | +1.28 |
Portfolio Buys Q4 2024 → Q1 2025
| SLV iShares Silver Trust | Add +13.9% | 16.24% | +5.38 |
| TLT iShares 20+ Year Treasury BD | Add +2.3% | 28.85% | +4.60 |
| IEF iShares 7-10 Year Treasury B | Add +75.1% | 8.39% | +4.23 |
| GNR State Street SPDR S&P Global | Add +40.9% | 2.61% | +1.06 |
| XLE SS Energy Select Sector | Add +1.2% | 5.40% | +1.02 |
| SCHV Schwab US Large-Cap Value | Add +28.3% | 3.16% | +0.99 |
| VWO Vanguard Ftse Emerging Marke | Add +28.9% | 1.79% | +0.58 |
| XOP SS SPDR S&P Og Exp & Prod | Add +2.2% | 2.39% | +0.28 |
| NEM Newmont Corp. | Add +20.6% | 0.61% | +0.26 |
| PAAS Pan American Silver Corp. | Add +3.4% | 0.79% | +0.25 |
| HP Helmerich & Payne | Add +152.3% | 0.43% | +0.24 |
| BTG B2GOLD Corp. | Add +22.8% | 0.61% | +0.23 |
| BHP BHP Group Ltd.-Spon ADR | Add +32.4% | 0.50% | +0.16 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Add +10.0% | 0.36% | +0.15 |
| SSRM SSR Mining Inc. | Add +2.8% | 0.37% | +0.15 |
| DINO HF Sinclair Corp. | Add +46.9% | 0.41% | +0.14 |
| MOS The Mosaic Co. | Add +6.2% | 0.46% | +0.11 |
| NTR Nutrien Ltd. | Add +4.1% | 0.47% | +0.11 |
| RIO Rio Tinto PLC-Spon ADR | Add +5.8% | 0.57% | +0.10 |
| TS Tenaris SA-ADR | Add +4.9% | 0.55% | +0.10 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.86% | +0.08 |
| CTRA Coterra Energy Inc. | Add +7.3% | 0.27% | +0.07 |
| CNQ Canadian Natural Resources | Add +8.3% | 0.38% | +0.06 |
| ITOT iShares Core S&P Total U.S. | Add +8.3% | 0.35% | +0.04 |
| SCCO Southern Copper Corp. | Add +6.7% | 0.22% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.8% | 0.41% | +0.03 |
| SCHX Schwab US Large-Cap ETF | Add +7.3% | 0.20% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.7% | 0.17% | +0.02 |
| XLK SS Technology Select Sector | Add +6.8% | 0.20% | +0.01 |
| CALM Cal-Maine Foods Inc. | Add +0.4% | 0.21% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 63 | $223.3M | XOP, XLE, TLT, SLV, EDV |
| Q1 2026 | 58 | $239.7M | TLT, XOP, EDV, SLV, GLD |
| Q4 2025 | 57 | $207.1M | TLT, XOP, SLV, GLD, EDV |
| Q3 2025 | 58 | $190.9M | TLT, SLV, XOP, IEF, GLD |
| Q2 2025 | 51 | $151.2M | TLT, SLV, IEF, GLD, CEF |
| Q1 2025 | 45 | $135.3M | TLT, SLV, IEF, GLD, CEF |
| Q4 2024 | 47 | $151.0M | TLT, GDX, SLV, GLD, GDXJ |
| Q3 2024 | 45 | $123.0M | TLT, SLV, GLD, CEF, XLE |
| Q2 2024 | 47 | $143.1M | TLT, GDX, SLV, GDXJ, GLD |
| Q1 2024 | 42 | $97.2M | TLT, GLD, SLV, XLE, CEF |