Cadence Wealth Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Cadence Wealth Management LLC reported 57 stock positions worth $207.1 million. Its top holding was iShares 20+ Year Treasury BD (TLT) at 24.2% of the portfolio, followed by SS SPDR S&P Og Exp & Prod (XOP, 14.4%) and iShares Silver Trust (SLV, 9.8%). Compared with Q3 2025, it opened 3 new positions, sold out of 4, added to 29 and reduced 24. The biggest buy was Vanguard Extended Dur Treas (EDV, shares +373%) and the biggest sale iShares 7-10 Year Treasury B (IEF, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- WESTBOROUGH, MA
- CIK
- 0001845250
- Portfolio Value
- $207.1M (Q4 2025)
- SEC Filing
- 0001951757-26-000388 ↗ filed Feb 6, 2026
Holdings Value
Holdings 57 stocks · $207.1M
| TLT iShares 20+ Year Treasury BD | 24.19% | 574,974 | $50.1M | Add +15.4% |
| XOP SS SPDR S&P Og Exp & Prod | 14.38% | 235,924 | $29.8M | Add +66.5% |
| SLV iShares Silver Trust | 9.83% | 316,169 | $20.4M | Reduce -44.2% |
| GLD SPDR Gold Shares | 7.11% | 37,182 | $14.7M | Reduce -0.4% |
| EDV Vanguard Extended Dur Treas | 6.66% | 212,350 | $13.8M | Add +373.0% |
| CEF Sprott Physical Gold and Sil | 5.18% | 234,513 | $10.7M | Reduce -11.7% |
| IEF iShares 7-10 Year Treasury B | 3.86% | 83,054 | $8.0M | Reduce -43.3% |
| XLE SS Energy Select Sector | 3.65% | 169,215 | $7.6M | Reduce -2.3% |
| SCHV Schwab US Large-Cap Value | 3.16% | 221,059 | $6.5M | Add +6.2% |
| GNR State Street SPDR S&P Global | 2.66% | 88,617 | $5.5M | Add +5.4% |
| VEU Vanguard Ftse All-World Ex-U | 2.36% | 66,377 | $4.9M | Reduce -5.5% |
| VWO Vanguard Ftse Emerging Marke | 1.65% | 63,675 | $3.4M | Reduce -0.6% |
| PAAS Pan American Silver Corp. | 0.72% | 28,774 | $1.5M | Reduce -4.8% |
| B Barrick Mining Corp. | 0.70% | 33,456 | $1.5M | Reduce -10.9% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.70% | 101,142 | $1.4M | Add +0.2% |
| NEM Newmont Corp. | 0.67% | 13,897 | $1.4M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 0.67% | 2,089 | $1.4M | Add +3.5% |
| RIO Rio Tinto PLC-Spon ADR | 0.59% | 15,153 | $1.2M | Add +1.6% |
| AEM Agnico Eagle Mines Ltd. | 0.58% | 7,081 | $1.2M | Reduce -0.2% |
| KGC Kinross Gold Corp. | 0.56% | 40,939 | $1.2M | Reduce -11.4% |
| HP Helmerich & Payne | 0.54% | 39,342 | $1.1M | Reduce -4.8% |
| BTG B2GOLD Corp. | 0.49% | 227,318 | $1.0M | Reduce -7.6% |
| BHP BHP Group Ltd.-Spon ADR | 0.47% | 16,164 | $976K | Add +2.1% |
| NTR Nutrien Ltd. | 0.46% | 15,421 | $952K | Add +4.5% |
| SSRM SSR Mining Inc. | 0.45% | 42,569 | $933K | Reduce -3.2% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.44% | 18,013 | $920K | Reduce -39.0% |
| DINO HF Sinclair Corp. | 0.42% | 19,028 | $877K | Add +0.4% |
| NVDA Nvidia Corp. | 0.41% | 4,583 | $855K | Add +1.6% |
| MOS The Mosaic Co. | 0.41% | 35,238 | $849K | Add +32.6% |
| TS Tenaris SA-ADR | 0.41% | 22,012 | $846K | Add +2.9% |
| ITOT iShares Core S&P Total U.S. | 0.40% | 5,513 | $820K | Add +10.5% |
| CTRA Coterra Energy Inc. | 0.36% | 28,188 | $742K | Add +0.6% |
| ALB Albemarle Corp. | 0.33% | 4,895 | $692K | Reduce -2.7% |
| CNQ Canadian Natural Resources | 0.33% | 20,262 | $686K | Add +4.7% |
| AAPL Apple Inc. | 0.27% | 2,094 | $569K | Reduce -2.4% |
| VALE Vale SA-SP ADR | 0.27% | 43,644 | $569K | Add +0.4% |
| BSX Boston Scientific Corp. | 0.27% | 5,890 | $562K | No change |
| ICL Icl Group Ltd. | 0.27% | 95,650 | $550K | Add +5.0% |
| FANG Diamondback Energy Inc. | 0.27% | 3,656 | $550K | Add +1.2% |
| EOG EOG Resources Inc. | 0.25% | 4,936 | $518K | New |
| SCCO Southern Copper Corp. | 0.25% | 3,552 | $510K | Reduce -1.5% |
| XLK SS Technology Select Sector | 0.22% | 3,223 | $464K | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 0.21% | 710 | $445K | Reduce -3.8% |
| EEM iShares MSCI Emerging Market | 0.19% | 7,248 | $397K | Reduce -51.7% |
| SCHX Schwab US Large-Cap ETF | 0.19% | 14,389 | $387K | Add +2.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.18% | 1,140 | $382K | Add +10.9% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.15% | 1,803 | $320K | Reduce -39.5% |
| AMZN Amazon.com Inc. | 0.15% | 1,357 | $313K | Add +2.2% |
| CALM Cal-Maine Foods Inc. | 0.14% | 3,692 | $294K | Add +8.1% |
| CVS CVS Health Corp. | 0.14% | 3,599 | $286K | Reduce -21.7% |
| JHMB John Hancock Mortgage-Backed | 0.14% | 12,684 | $281K | New |
| VEA Vanguard Ftse Developed ETF | 0.13% | 4,152 | $259K | Reduce -8.5% |
| TSLA Tesla Inc. | 0.12% | 554 | $249K | Add +6.7% |
| ES Eversource Energy | 0.11% | 3,522 | $237K | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 303 | $207K | Add +0.7% |
| SCHF Schwab Intl Equity ETF | 0.10% | 8,404 | $202K | New |
| FSCO FS Credit Opportunities Corp. | 0.06% | 18,093 | $114K | Add +3.2% |
Portfolio Sells Q3 2025 → Q4 2025
| IEF iShares 7-10 Year Treasury B | Reduce -43.3% | 3.86% | −3.55 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −2.89 |
| SLV iShares Silver Trust | Reduce -44.2% | 9.83% | −2.74 |
| XLE SS Energy Select Sector | Reduce -2.3% | 3.65% | −0.40 |
| JMTG Mortgage-Backed Securities | Reduce -39.0% | 0.44% | −0.35 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -5.5% | 2.36% | −0.27 |
| EEM iShares MSCI Emerging Market | Reduce -51.7% | 0.19% | −0.23 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.6% | 1.65% | −0.17 |
| BTG B2GOLD Corp. | Reduce -7.6% | 0.49% | −0.14 |
| PSIX Power Solutions Internationa | Sold out | 0.00% | −0.13 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -39.5% | 0.15% | −0.12 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.12 |
| SSRM SSR Mining Inc. | Reduce -3.2% | 0.45% | −0.11 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.11 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.2% | 0.58% | −0.05 |
| KGC Kinross Gold Corp. | Reduce -11.4% | 0.56% | −0.05 |
| CVS CVS Health Corp. | Reduce -21.7% | 0.14% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -3.8% | 0.21% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -8.5% | 0.13% | −0.02 |
| AAPL Apple Inc. | Reduce -2.4% | 0.27% | −0.01 |
| SCCO Southern Copper Corp. | Reduce -1.5% | 0.25% | +0.02 |
| NEM Newmont Corp. | Reduce -0.3% | 0.67% | +0.05 |
| B Barrick Mining Corp. | Reduce -10.9% | 0.70% | +0.06 |
| HP Helmerich & Payne | Reduce -4.8% | 0.54% | +0.07 |
| CEF Sprott Physical Gold and Sil | Reduce -11.7% | 5.18% | +0.08 |
| PAAS Pan American Silver Corp. | Reduce -4.8% | 0.72% | +0.11 |
| ALB Albemarle Corp. | Reduce -2.7% | 0.33% | +0.12 |
| GLD SPDR Gold Shares | Reduce -0.4% | 7.11% | +0.17 |
Portfolio Buys Q3 2025 → Q4 2025
| EDV Vanguard Extended Dur Treas | Add +373.0% | 6.66% | +5.05 |
| XOP SS SPDR S&P Og Exp & Prod | Add +66.5% | 14.38% | +4.57 |
| TLT iShares 20+ Year Treasury BD | Add +15.4% | 24.19% | +0.87 |
| EOG EOG Resources Inc. | New | 0.25% | +0.25 |
| JHMB John Hancock Mortgage-Backed | New | 0.14% | +0.14 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Add +0.2% | 0.70% | +0.10 |
| SCHF Schwab Intl Equity ETF | New | 0.10% | +0.10 |
| RIO Rio Tinto PLC-Spon ADR | Add +1.6% | 0.59% | +0.07 |
| GNR State Street SPDR S&P Global | Add +5.4% | 2.66% | +0.05 |
| VALE Vale SA-SP ADR | Add +0.4% | 0.27% | +0.03 |
| ITOT iShares Core S&P Total U.S. | Add +10.5% | 0.40% | +0.02 |
| CTRA Coterra Energy Inc. | Add +0.6% | 0.36% | +0.01 |
| BHP BHP Group Ltd.-Spon ADR | Add +2.1% | 0.47% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +10.9% | 0.18% | +0.01 |
| TS Tenaris SA-ADR | Add +2.9% | 0.41% | +0.01 |
| CNQ Canadian Natural Resources | Add +4.7% | 0.33% | +0.01 |
| NTR Nutrien Ltd. | Add +4.5% | 0.46% | +0.01 |
| TSLA Tesla Inc. | Add +6.7% | 0.12% | −0.00 |
| AMZN Amazon.com Inc. | Add +2.2% | 0.15% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.7% | 0.10% | −0.01 |
| FANG Diamondback Energy Inc. | Add +1.2% | 0.27% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Add +2.9% | 0.19% | −0.01 |
| FSCO FS Credit Opportunities Corp. | Add +3.2% | 0.06% | −0.01 |
| XLK SS Technology Select Sector | Add +0.3% | 0.22% | −0.01 |
| SCHV Schwab US Large-Cap Value | Add +6.2% | 3.16% | −0.01 |
| ES Eversource Energy | Add +0.0% | 0.11% | −0.02 |
| CALM Cal-Maine Foods Inc. | Add +8.1% | 0.14% | −0.03 |
| NVDA Nvidia Corp. | Add +1.6% | 0.41% | −0.03 |
| ICL Icl Group Ltd. | Add +5.0% | 0.27% | −0.03 |
| MOS The Mosaic Co. | Add +32.6% | 0.41% | −0.07 |
| DINO HF Sinclair Corp. | Add +0.4% | 0.42% | −0.10 |
| META Meta Platforms Inc. Class A | Add +3.5% | 0.67% | −0.11 |
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 |