Centerstone Investors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Centerstone Investors, LLC reported 30 stock positions worth $129.5 million. Its top holding was Ryanair Holdings PLC-SP ADR (RYAAY) at 10.8% of the portfolio, followed by SPDR Gold Shares (GLD, 10.4%) and iShares MSCI Hong Kong ETF (EWH, 8.7%). Compared with Q4 2023, it opened 6 new positions, added to 3 and reduced 4. The biggest buy was a new position in iShares MSCI Hong Kong ETF (EWH) and the biggest sale Corpay (CPAY, shares −39%).

Most Recent 13F
Q4 2025
Location
New York, NY
CIK
0001766788
Portfolio Value
$129.5M (Q1 2024)
SEC Filing
0001172661-24-002483 ↗ filed May 15, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $129.5M $129.5M Q1 2024 Q2 2024: $120.0M Q2 2024 Q3 2024: $103.0M Q3 2024 Q4 2024: $106.8M Q4 2024 Q1 2025: $42.2M Q1 2025 Q2 2025: $24.4M Q2 2025 Q3 2025: $28.1M Q3 2025 Q4 2025: $31.8M Q4 2025

Holdings 30 stocks · $129.5M
RYAAY Ryanair Holdings PLC-SP ADR 10.82% 196,377 $14.0M Add +159.1%
GLD SPDR Gold Shares 10.45% 65,749 $13.5M Add +28.9%
EWH iShares MSCI Hong Kong ETF 8.68% 722,426 $11.2M New
ORLY O'reilly Automotive Inc. 6.07% 6,956 $7.9M No change
URTH iShares MSCI World ETF 5.69% 50,843 $7.4M No change
FNV Franco-Nevada Corp. 5.41% 50,047 $7.0M Add +137.8%
HSIC Henry Schein Inc. 4.96% 84,990 $6.4M No change
PRGO Perrigo Co. PLC 4.90% 167,615 $6.3M Reduce -27.8%
DG Dollar General Corp. 3.81% 31,613 $4.9M No change
CVX Chevron Corp. 3.76% 30,862 $4.9M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 3.50% 4,457 $4.5M No change
CPAY Corpay Inc. 3.02% 12,685 $3.9M Reduce -38.7%
WMT Walmart Inc. 2.82% 60,708 $3.7M No change
SCCO Southern Copper Corp. 2.76% 33,580 $3.6M New
ROST Ross Stores Inc. 2.43% 21,465 $3.2M No change
META Meta Platforms Inc. Class A 2.15% 5,723 $2.8M No change
MCD McDonald's Corp. 2.12% 9,736 $2.7M No change
BC Brunswick Corp. 2.09% 28,063 $2.7M No change
CSL Carlisle Cos Inc. 2.03% 6,714 $2.6M No change
EMR Emerson Electric Co. 2.01% 22,978 $2.6M No change
SON Sonoco Products Co. 1.72% 38,499 $2.2M Reduce -34.2%
KMX Carmax Inc. 1.67% 24,769 $2.2M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.54% 16,340 $2.0M No change
NVST Envista Holdings Corp. 1.54% 93,266 $2.0M No change
BIDU Baidu Inc. - Spon ADR 1.30% 14,680 $1.7M New
SMG Scotts Miracle-Gro Co. 1.25% 21,702 $1.6M Reduce -33.6%
MHK Mohawk Industries Inc. 0.60% 5,939 $777K No change
COP Conocophillips 0.44% 4,500 $573K New
BABA Alibaba Group Holding-SP ADR 0.24% 4,324 $313K New
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.19% 6,375 $251K New

Portfolio Sells Q4 2023 → Q1 2024
CPAY Corpay Inc. Reduce -38.7% 3.02% −2.97
PRGO Perrigo Co. PLC Reduce -27.8% 4.90% −2.75
SON Sonoco Products Co. Reduce -34.2% 1.72% −1.63
SMG Scotts Miracle-Gro Co. Reduce -33.6% 1.25% −0.89

Portfolio Buys Q4 2023 → Q1 2024
EWH iShares MSCI Hong Kong ETF New 8.68% +8.68
FNV Franco-Nevada Corp. Add +137.8% 5.41% +3.03
SCCO Southern Copper Corp. New 2.76% +2.76
BIDU Baidu Inc. - Spon ADR New 1.30% +1.30
RYAAY Ryanair Holdings PLC-SP ADR Add +159.1% 10.82% +0.47
GLD SPDR Gold Shares Add +28.9% 10.45% +0.46
COP Conocophillips New 0.44% +0.44
BABA Alibaba Group Holding-SP ADR New 0.24% +0.24
HSBC HSBC Holdings PLC-Spons ADR New 0.19% +0.19

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 22$31.8MGLD, ACWI, SPY, RSP, FNV
Q3 2025 21$28.1MGLD, ACWI, FNV, TSLA, SPY
Q2 2025 22$24.4MGLD, ACWI, FNV, EMR, DG
Q1 2025 22$42.2MGLD, ACWI, URTH, AGG, FNV
Q4 2024Amended 28$106.8MTRP, GLD, RYAAY, FNV, ICL
Q3 2024Amended 26$103.0MTRP, GLD, RYAAY, FNV, ORLY
Q2 2024 29$120.0MTRP, GLD, RYAAY, MCHI, FNV
Q1 2024 30$129.5MRYAAY, GLD, EWH, ORLY, URTH