Cadence Wealth Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Cadence Wealth Management LLC reported 58 stock positions worth $190.9 million. Its top holding was iShares 20+ Year Treasury BD (TLT) at 23.3% of the portfolio, followed by iShares Silver Trust (SLV, 12.6%) and SS SPDR S&P Og Exp & Prod (XOP, 9.8%). Compared with Q2 2025, it opened 8 new positions, sold out of 1, added to 32 and reduced 13. The biggest buy was SS SPDR S&P Og Exp & Prod (XOP, shares +455%) and the biggest sale iShares Silver Trust (SLV, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- WESTBOROUGH, MA
- CIK
- 0001845250
- Portfolio Value
- $190.9M (Q3 2025)
- SEC Filing
- 0001951757-25-001281 ↗ filed Nov 6, 2025
Holdings Value
Holdings 58 stocks · $190.9M
| TLT iShares 20+ Year Treasury BD | 23.32% | 498,184 | $44.5M | Add +4.1% |
| SLV iShares Silver Trust | 12.57% | 566,345 | $24.0M | Reduce -21.8% |
| XOP SS SPDR S&P Og Exp & Prod | 9.81% | 141,729 | $18.7M | Add +455.2% |
| IEF iShares 7-10 Year Treasury B | 7.40% | 146,531 | $14.1M | Add +19.4% |
| GLD SPDR Gold Shares | 6.95% | 37,321 | $13.3M | Add +1.5% |
| CEF Sprott Physical Gold and Sil | 5.11% | 265,691 | $9.7M | Reduce -1.1% |
| XLE SS Energy Select Sector | 4.05% | 86,574 | $7.7M | Add +4.6% |
| SCHV Schwab US Large-Cap Value | 3.17% | 208,213 | $6.1M | Add +9.4% |
| SHY iShares 1-3 Year Treasury Bo | 2.89% | 66,584 | $5.5M | New |
| VEU Vanguard Ftse All-World Ex-U | 2.63% | 70,234 | $5.0M | Add +2.1% |
| GNR State Street SPDR S&P Global | 2.61% | 84,105 | $5.0M | Add +4.4% |
| VWO Vanguard Ftse Emerging Marke | 1.82% | 64,076 | $3.5M | Add +1.8% |
| EDV Vanguard Extended Dur Treas | 1.61% | 44,892 | $3.1M | New |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.79% | 29,541 | $1.5M | Reduce -20.2% |
| META Meta Platforms Inc. Class A | 0.78% | 2,018 | $1.5M | Add +0.2% |
| B Barrick Mining Corp. | 0.64% | 37,551 | $1.2M | Reduce -29.7% |
| BTG B2GOLD Corp. | 0.64% | 245,988 | $1.2M | Reduce -20.8% |
| AEM Agnico Eagle Mines Ltd. | 0.63% | 7,097 | $1.2M | Reduce -15.9% |
| NEM Newmont Corp. | 0.62% | 13,937 | $1.2M | Reduce -23.1% |
| PAAS Pan American Silver Corp. | 0.61% | 30,232 | $1.2M | Reduce -30.9% |
| KGC Kinross Gold Corp. | 0.60% | 46,233 | $1.1M | Add +1.3% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.59% | 100,928 | $1.1M | Reduce -12.0% |
| SSRM SSR Mining Inc. | 0.56% | 43,958 | $1.1M | Reduce -17.2% |
| DINO HF Sinclair Corp. | 0.52% | 18,953 | $992K | Add +1.5% |
| RIO Rio Tinto PLC-Spon ADR | 0.52% | 14,916 | $985K | Add +4.8% |
| MOS The Mosaic Co. | 0.48% | 26,566 | $921K | Add +5.7% |
| HP Helmerich & Payne | 0.48% | 41,348 | $913K | Add +4.2% |
| BHP BHP Group Ltd.-Spon ADR | 0.46% | 15,837 | $883K | Add +3.5% |
| NTR Nutrien Ltd. | 0.45% | 14,763 | $867K | Add +6.0% |
| NVDA Nvidia Corp. | 0.44% | 4,509 | $841K | Add +0.2% |
| EEM iShares MSCI Emerging Market | 0.42% | 15,002 | $801K | Reduce -4.8% |
| TS Tenaris SA-ADR | 0.40% | 21,393 | $765K | Add +3.8% |
| ITOT iShares Core S&P Total U.S. | 0.38% | 4,988 | $726K | Add +11.9% |
| CTRA Coterra Energy Inc. | 0.35% | 28,010 | $662K | Add +98.5% |
| CNQ Canadian Natural Resources | 0.32% | 19,359 | $619K | Add +4.7% |
| BSX Boston Scientific Corp. | 0.30% | 5,890 | $575K | No change |
| ICL Icl Group Ltd. | 0.30% | 91,131 | $571K | Add +3.7% |
| AAPL Apple Inc. | 0.29% | 2,146 | $547K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.27% | 2,978 | $520K | Reduce -53.2% |
| FANG Diamondback Energy Inc. | 0.27% | 3,613 | $517K | New |
| VALE Vale SA-SP ADR | 0.25% | 43,459 | $472K | Add +6.5% |
| XLK SS Technology Select Sector | 0.24% | 1,607 | $453K | Add +3.0% |
| VOO Vanguard S&P 500 ETF | 0.24% | 738 | $452K | New |
| SCCO Southern Copper Corp. | 0.23% | 3,606 | $438K | Add +4.3% |
| ALB Albemarle Corp. | 0.21% | 5,030 | $408K | Add +3.1% |
| SCHX Schwab US Large-Cap ETF | 0.19% | 13,988 | $368K | Add +6.0% |
| CVS CVS Health Corp. | 0.18% | 4,599 | $347K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.18% | 1,028 | $337K | Reduce -49.1% |
| CALM Cal-Maine Foods Inc. | 0.17% | 3,416 | $321K | Add +2.5% |
| AMZN Amazon.com Inc. | 0.15% | 1,328 | $292K | Add +3.5% |
| VEA Vanguard Ftse Developed ETF | 0.14% | 4,536 | $272K | Add +3.5% |
| ES Eversource Energy | 0.13% | 3,521 | $251K | No change |
| PSIX Power Solutions Internationa | 0.13% | 2,500 | $246K | New |
| TSLA Tesla Inc. | 0.12% | 519 | $231K | New |
| CHWY Chewy Inc. Class A | 0.12% | 5,447 | $220K | No change |
| ABBV Abbvie Inc. | 0.11% | 867 | $201K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 301 | $200K | New |
| FSCO FS Credit Opportunities Corp. | 0.06% | 17,530 | $121K | Add +1.9% |
Portfolio Sells Q2 2025 → Q3 2025
| SLV iShares Silver Trust | Reduce -21.8% | 12.57% | −3.15 |
| JMTG Mortgage-Backed Securities | Reduce -20.2% | 0.79% | −0.44 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -53.2% | 0.27% | −0.42 |
| CEF Sprott Physical Gold and Sil | Reduce -1.1% | 5.11% | −0.24 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -49.1% | 0.18% | −0.23 |
| PAAS Pan American Silver Corp. | Reduce -30.9% | 0.61% | −0.21 |
| BTG B2GOLD Corp. | Reduce -20.8% | 0.64% | −0.10 |
| DBO Invesco DB Oil Fund | Sold out | 0.00% | −0.09 |
| B Barrick Mining Corp. | Reduce -29.7% | 0.64% | −0.09 |
| EEM iShares MSCI Emerging Market | Reduce -4.8% | 0.42% | −0.08 |
| NEM Newmont Corp. | Reduce -23.1% | 0.62% | −0.08 |
| AEM Agnico Eagle Mines Ltd. | Reduce -15.9% | 0.63% | −0.04 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Reduce -12.0% | 0.59% | +0.05 |
| SSRM SSR Mining Inc. | Reduce -17.2% | 0.56% | +0.11 |
Portfolio Buys Q2 2025 → Q3 2025
| XOP SS SPDR S&P Og Exp & Prod | Add +455.2% | 9.81% | +7.69 |
| SHY iShares 1-3 Year Treasury Bo | New | 2.89% | +2.89 |
| EDV Vanguard Extended Dur Treas | New | 1.61% | +1.61 |
| FANG Diamondback Energy Inc. | New | 0.27% | +0.27 |
| VOO Vanguard S&P 500 ETF | New | 0.24% | +0.24 |
| KGC Kinross Gold Corp. | Add +1.3% | 0.60% | +0.13 |
| PSIX Power Solutions Internationa | New | 0.13% | +0.13 |
| TSLA Tesla Inc. | New | 0.12% | +0.12 |
| CTRA Coterra Energy Inc. | Add +98.5% | 0.35% | +0.11 |
| ABBV Abbvie Inc. | New | 0.11% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.10% | +0.10 |
| HP Helmerich & Payne | Add +4.2% | 0.48% | +0.08 |
| DINO HF Sinclair Corp. | Add +1.5% | 0.52% | +0.01 |
| ALB Albemarle Corp. | Add +3.1% | 0.21% | +0.01 |
| SCCO Southern Copper Corp. | Add +4.3% | 0.23% | −0.00 |
| VALE Vale SA-SP ADR | Add +6.5% | 0.25% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Add +11.9% | 0.38% | −0.02 |
| FSCO FS Credit Opportunities Corp. | Add +1.9% | 0.06% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Add +6.0% | 0.19% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Add +3.5% | 0.14% | −0.02 |
| XLK SS Technology Select Sector | Add +3.0% | 0.24% | −0.02 |
| BHP BHP Group Ltd.-Spon ADR | Add +3.5% | 0.46% | −0.02 |
| NVDA Nvidia Corp. | Add +0.2% | 0.44% | −0.03 |
| AMZN Amazon.com Inc. | Add +3.5% | 0.15% | −0.03 |
| RIO Rio Tinto PLC-Spon ADR | Add +4.8% | 0.52% | −0.03 |
| CALM Cal-Maine Foods Inc. | Add +2.5% | 0.17% | −0.05 |
| CNQ Canadian Natural Resources | Add +4.7% | 0.32% | −0.06 |
| NTR Nutrien Ltd. | Add +6.0% | 0.45% | −0.08 |
| ICL Icl Group Ltd. | Add +3.7% | 0.30% | −0.10 |
| TS Tenaris SA-ADR | Add +3.8% | 0.40% | −0.11 |
| MOS The Mosaic Co. | Add +5.7% | 0.48% | −0.12 |
| META Meta Platforms Inc. Class A | Add +0.2% | 0.78% | −0.21 |
| VWO Vanguard Ftse Emerging Marke | Add +1.8% | 1.82% | −0.24 |
| GNR State Street SPDR S&P Global | Add +4.4% | 2.61% | −0.28 |
| SCHV Schwab US Large-Cap Value | Add +9.4% | 3.17% | −0.31 |
| IEF iShares 7-10 Year Treasury B | Add +19.4% | 7.40% | −0.37 |
| VEU Vanguard Ftse All-World Ex-U | Add +2.1% | 2.63% | −0.43 |
| GLD SPDR Gold Shares | Add +1.5% | 6.95% | −0.47 |
| XLE SS Energy Select Sector | Add +4.6% | 4.05% | −0.59 |
| TLT iShares 20+ Year Treasury BD | Add +4.1% | 23.32% | −4.61 |
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 |