Cadence Wealth Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Cadence Wealth Management LLC reported 51 stock positions worth $151.2 million. Its top holding was iShares 20+ Year Treasury BD (TLT) at 27.9% of the portfolio, followed by iShares Silver Trust (SLV, 15.7%) and iShares 7-10 Year Treasury B (IEF, 7.8%). Compared with Q1 2025, it opened 7 new positions, sold out of 1, added to 33 and reduced 7. The biggest buy was a new position in Mortgage-Backed Securities (JMTG) and the biggest sale Sprott Physical Gold and Sil (CEF, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WESTBOROUGH, MA
- CIK
- 0001845250
- Portfolio Value
- $151.2M (Q2 2025)
- SEC Filing
- 0001951757-25-001058 ↗ filed Aug 12, 2025
Holdings Value
Holdings 51 stocks · $151.2M
| TLT iShares 20+ Year Treasury BD | 27.93% | 478,488 | $42.2M | Add +11.6% |
| SLV iShares Silver Trust | 15.72% | 724,150 | $23.8M | Add +2.1% |
| IEF iShares 7-10 Year Treasury B | 7.77% | 122,712 | $11.8M | Add +3.0% |
| GLD SPDR Gold Shares | 7.42% | 36,784 | $11.2M | Add +2.5% |
| CEF Sprott Physical Gold and Sil | 5.35% | 268,528 | $8.1M | Reduce -2.0% |
| XLE SS Energy Select Sector | 4.64% | 82,734 | $7.0M | Add +5.8% |
| SCHV Schwab US Large-Cap Value | 3.48% | 190,360 | $5.3M | Add +18.4% |
| VEU Vanguard Ftse All-World Ex-U | 3.06% | 68,763 | $4.6M | Add +0.7% |
| GNR State Street SPDR S&P Global | 2.89% | 80,554 | $4.4M | Add +21.6% |
| XOP SS SPDR S&P Og Exp & Prod | 2.12% | 25,526 | $3.2M | Add +3.9% |
| VWO Vanguard Ftse Emerging Marke | 2.06% | 62,928 | $3.1M | Add +17.4% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 1.23% | 37,003 | $1.9M | New |
| META Meta Platforms Inc. Class A | 0.98% | 2,014 | $1.5M | Add +0.3% |
| PAAS Pan American Silver Corp. | 0.82% | 43,759 | $1.2M | Add +6.4% |
| BTG B2GOLD Corp. | 0.74% | 310,492 | $1.1M | Add +6.4% |
| B Barrick Mining Corp. | 0.74% | 53,392 | $1.1M | New |
| NEM Newmont Corp. | 0.70% | 18,129 | $1.1M | Add +6.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.69% | 6,360 | $1.0M | Reduce -12.5% |
| AEM Agnico Eagle Mines Ltd. | 0.66% | 8,438 | $1.0M | Reduce -17.8% |
| MOS The Mosaic Co. | 0.61% | 25,134 | $917K | Add +8.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.55% | 14,237 | $830K | Add +10.3% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.55% | 114,744 | $828K | Add +7.0% |
| NTR Nutrien Ltd. | 0.54% | 13,922 | $811K | Add +8.2% |
| TS Tenaris SA-ADR | 0.51% | 20,618 | $771K | Add +8.3% |
| DINO HF Sinclair Corp. | 0.51% | 18,670 | $767K | Add +10.0% |
| EEM iShares MSCI Emerging Market | 0.50% | 15,762 | $760K | Reduce -41.3% |
| BHP BHP Group Ltd.-Spon ADR | 0.49% | 15,308 | $736K | Add +9.3% |
| KGC Kinross Gold Corp. | 0.47% | 45,652 | $714K | Reduce -26.7% |
| NVDA Nvidia Corp. | 0.47% | 4,499 | $711K | Add +1.5% |
| SSRM SSR Mining Inc. | 0.45% | 53,085 | $678K | Add +5.6% |
| BSX Boston Scientific Corp. | 0.42% | 5,890 | $633K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 2,019 | $614K | Reduce -0.1% |
| ICL Icl Group Ltd. | 0.40% | 87,900 | $603K | Add +6.9% |
| HP Helmerich & Payne | 0.40% | 39,700 | $602K | Add +79.3% |
| ITOT iShares Core S&P Total U.S. | 0.40% | 4,456 | $602K | Add +14.9% |
| CNQ Canadian Natural Resources | 0.38% | 18,490 | $581K | Add +10.6% |
| AAPL Apple Inc. | 0.29% | 2,146 | $440K | Reduce -4.1% |
| VALE Vale SA-SP ADR | 0.26% | 40,814 | $396K | New |
| XLK SS Technology Select Sector | 0.26% | 1,560 | $395K | Add +17.2% |
| CTRA Coterra Energy Inc. | 0.24% | 14,112 | $358K | Add +10.7% |
| SCCO Southern Copper Corp. | 0.23% | 3,458 | $350K | Add +11.0% |
| CALM Cal-Maine Foods Inc. | 0.22% | 3,332 | $332K | Add +8.4% |
| SCHX Schwab US Large-Cap ETF | 0.21% | 13,195 | $322K | Add +7.3% |
| CVS CVS Health Corp. | 0.21% | 4,599 | $317K | No change |
| ALB Albemarle Corp. | 0.20% | 4,879 | $306K | New |
| AMZN Amazon.com Inc. | 0.19% | 1,283 | $282K | Add +0.8% |
| VEA Vanguard Ftse Developed ETF | 0.17% | 4,382 | $250K | New |
| CHWY Chewy Inc. Class A | 0.15% | 5,447 | $232K | New |
| ES Eversource Energy | 0.15% | 3,521 | $224K | No change |
| DBO Invesco DB Oil Fund | 0.09% | 10,737 | $142K | New |
| FSCO FS Credit Opportunities Corp. | 0.08% | 17,205 | $125K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| CEF Sprott Physical Gold and Sil | Reduce -2.0% | 5.35% | −0.41 |
| EEM iShares MSCI Emerging Market | Reduce -41.3% | 0.50% | −0.36 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.17 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -12.5% | 0.69% | −0.17 |
| AEM Agnico Eagle Mines Ltd. | Reduce -17.8% | 0.66% | −0.16 |
| KGC Kinross Gold Corp. | Reduce -26.7% | 0.47% | −0.11 |
| AAPL Apple Inc. | Reduce -4.1% | 0.29% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.1% | 0.41% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| JMTG Mortgage-Backed Securities | New | 1.23% | +1.23 |
| B Barrick Mining Corp. | New | 0.74% | +0.74 |
| SCHV Schwab US Large-Cap Value | Add +18.4% | 3.48% | +0.32 |
| GNR State Street SPDR S&P Global | Add +21.6% | 2.89% | +0.28 |
| VWO Vanguard Ftse Emerging Marke | Add +17.4% | 2.06% | +0.27 |
| VALE Vale SA-SP ADR | New | 0.26% | +0.26 |
| ALB Albemarle Corp. | New | 0.20% | +0.20 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Add +7.0% | 0.55% | +0.19 |
| VEA Vanguard Ftse Developed ETF | New | 0.17% | +0.17 |
| CHWY Chewy Inc. Class A | New | 0.15% | +0.15 |
| MOS The Mosaic Co. | Add +8.1% | 0.61% | +0.14 |
| META Meta Platforms Inc. Class A | Add +0.3% | 0.98% | +0.13 |
| BTG B2GOLD Corp. | Add +6.4% | 0.74% | +0.13 |
| NVDA Nvidia Corp. | Add +1.5% | 0.47% | +0.12 |
| DINO HF Sinclair Corp. | Add +10.0% | 0.51% | +0.09 |
| DBO Invesco DB Oil Fund | New | 0.09% | +0.09 |
| NEM Newmont Corp. | Add +6.8% | 0.70% | +0.09 |
| SSRM SSR Mining Inc. | Add +5.6% | 0.45% | +0.08 |
| NTR Nutrien Ltd. | Add +8.2% | 0.54% | +0.06 |
| XLK SS Technology Select Sector | Add +17.2% | 0.26% | +0.06 |
| ICL Icl Group Ltd. | Add +6.9% | 0.40% | +0.06 |
| ITOT iShares Core S&P Total U.S. | Add +14.9% | 0.40% | +0.05 |
| PAAS Pan American Silver Corp. | Add +6.4% | 0.82% | +0.04 |
| SCCO Southern Copper Corp. | Add +11.0% | 0.23% | +0.02 |
| CALM Cal-Maine Foods Inc. | Add +8.4% | 0.22% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Add +7.3% | 0.21% | +0.01 |
| AMZN Amazon.com Inc. | Add +0.8% | 0.19% | +0.01 |
| CNQ Canadian Natural Resources | Add +10.6% | 0.38% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.7% | 3.06% | −0.00 |
| BHP BHP Group Ltd.-Spon ADR | Add +9.3% | 0.49% | −0.02 |
| RIO Rio Tinto PLC-Spon ADR | Add +10.3% | 0.55% | −0.02 |
| HP Helmerich & Payne | Add +79.3% | 0.40% | −0.03 |
| CTRA Coterra Energy Inc. | Add +10.7% | 0.24% | −0.04 |
| TS Tenaris SA-ADR | Add +8.3% | 0.51% | −0.04 |
| GLD SPDR Gold Shares | Add +2.5% | 7.42% | −0.23 |
| XOP SS SPDR S&P Og Exp & Prod | Add +3.9% | 2.12% | −0.27 |
| SLV iShares Silver Trust | Add +2.1% | 15.72% | −0.53 |
| IEF iShares 7-10 Year Treasury B | Add +3.0% | 7.77% | −0.62 |
| XLE SS Energy Select Sector | Add +5.8% | 4.64% | −0.76 |
| TLT iShares 20+ Year Treasury BD | Add +11.6% | 27.93% | −0.91 |
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 |