Continental Advisors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Continental Advisors LLC reported 35 stock positions worth $148.0 million. Its top holding was Pfizer (PFE) at 7.0% of the portfolio, followed by Viatris (VTRS, 6.4%) and Uber Technologies (UBER, 5.5%). Compared with Q2 2025, it sold out of 1, added to 4 and reduced 13. The biggest buy was Perrigo (PRGO, shares +77%) and the biggest sale Federated Hermes (FHI, shares −29%).

Most Recent 13F
Q2 2026
Location
Park City, UT
CIK
0001277779
Portfolio Value
$148.0M (Q3 2025)
SEC Filing
0001172661-25-004556 ↗ filed Nov 3, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $126.3M Q1 2024 Q2 2024: $129.4M Q2 2024 Q3 2024: $135.5M Q3 2024 Q4 2024: $131.8M Q4 2024 Q1 2025: $134.7M Q1 2025 Q2 2025: $139.7M Q2 2025 Q3 2025: $148.0M $148.0M Q3 2025 Q4 2025: $154.2M Q4 2025 Q1 2026: $161.3M Q1 2026 Q2 2026: $170.4M Q2 2026

Holdings 35 stocks · $148.0M
PFE Pfizer Inc. 7.04% 408,938 $10.4M Add +11.3%
VTRS Viatris Inc. 6.37% 951,588 $9.4M Reduce -3.3%
UBER Uber Technologies Inc. 5.53% 83,548 $8.2M Reduce -5.7%
COF Capital One Financial Corp. 5.22% 36,305 $7.7M Reduce -12.1%
TFC Truist Financial Corp. 5.10% 165,172 $7.6M No change
C Citigroup Inc. 5.00% 72,934 $7.4M No change
WU Western Union Co. 4.87% 901,095 $7.2M Add +2.0%
WFC Wells Fargo & Co. 4.71% 83,106 $7.0M No change
TEVA Teva Pharmaceutical-SP ADR 4.66% 341,118 $6.9M No change
FHI Federated Hermes Inc. 4.43% 126,359 $6.6M Reduce -29.0%
PRGO Perrigo Co. PLC 3.86% 256,306 $5.7M Add +76.9%
LVS Las Vegas Sands Corp. 3.65% 100,325 $5.4M No change
XRAY Dentsply Sirona Inc. 3.61% 421,189 $5.3M Add +86.3%
RF Regions Financial Corp. 3.15% 177,000 $4.7M No change
NTRS Northern Trust Corp. 2.76% 30,301 $4.1M Reduce -10.3%
GILD Gilead Sciences Inc. 2.58% 34,367 $3.8M Reduce -4.2%
XBI SS SPDR S&P Biotech ETF 2.45% 36,200 $3.6M Reduce -1.4%
AMLP Alerian MLP ETF 2.40% 75,723 $3.6M No change
JPM JPMorgan Chase & Co. 2.29% 10,735 $3.4M No change
CNNE Cannae Holdings Inc. 2.26% 182,423 $3.3M Reduce -10.7%
XLE SS Energy Select Sector 2.20% 36,500 $3.3M No change
B Barrick Mining Corp. 2.20% 99,417 $3.3M Reduce -41.9%
BKD Brookdale Senior Living Inc. 2.10% 367,614 $3.1M Reduce -4.2%
IEMG iShares Core MSCI Emerging 1.82% 40,800 $2.7M No change
IVZ Invesco Ltd. 1.81% 116,690 $2.7M Reduce -11.4%
GS Goldman Sachs Group Inc. 1.77% 3,293 $2.6M No change
SHEL Shell PLC-ADR 1.77% 36,520 $2.6M No change
RPAY Repay Holdings Corp. 1.34% 379,647 $2.0M Reduce -4.8%
SSB Southstate Bank Corp. 1.24% 18,512 $1.8M No change
FBNC First Bancorp 0.45% 12,531 $663K No change
UCB United Community Banks 0.38% 18,000 $564K No change
RVSB Riverview Bancorp Inc. 0.31% 86,004 $462K No change
VBTX Veritex Holdings Inc. 0.30% 13,362 $448K No change
PROV Provident Financial Hldgs 0.20% 18,518 $292K Reduce -23.1%
SBCF Seacoast Banking Corp. 0.19% 9,000 $274K No change

Options reported separately and not counted above: SPY puts ($61.3M), WU calls ($8.3M), PFE calls ($7.2M), VTRS calls ($4.1M), XRAY calls ($1.6M), PRGO calls ($668K).

Portfolio Sells Q2 2025 → Q3 2025
FHI Federated Hermes Inc. Reduce -29.0% 4.43% −1.21
COF Capital One Financial Corp. Reduce -12.1% 5.22% −1.08
CNNE Cannae Holdings Inc. Reduce -10.7% 2.26% −0.79
LDI Loandepot Inc. Class A Sold out 0.00% −0.47
UBER Uber Technologies Inc. Reduce -5.7% 5.53% −0.38
B Barrick Mining Corp. Reduce -41.9% 2.20% −0.35
NTRS Northern Trust Corp. Reduce -10.3% 2.76% −0.31
GILD Gilead Sciences Inc. Reduce -4.2% 2.58% −0.27
PROV Provident Financial Hldgs Reduce -23.1% 0.20% −0.07
RPAY Repay Holdings Corp. Reduce -4.8% 1.34% −0.03
VTRS Viatris Inc. Reduce -3.3% 6.37% +0.07
BKD Brookdale Senior Living Inc. Reduce -4.2% 2.10% +0.19
XBI SS SPDR S&P Biotech ETF Reduce -1.4% 2.45% +0.27
IVZ Invesco Ltd. Reduce -11.4% 1.81% +0.32

Portfolio Buys Q2 2025 → Q3 2025
PRGO Perrigo Co. PLC Add +76.9% 3.86% +1.09
XRAY Dentsply Sirona Inc. Add +86.3% 3.61% +1.04
PFE Pfizer Inc. Add +11.3% 7.04% +0.67
WU Western Union Co. Add +2.0% 4.87% −0.46

Options Activity Q2 2025 → Q3 2025
SPY SS SPDR S&P 500 ETF Trust-US put Add +17.5% 92,000 $61.3M
WU Western Union Co. call Reduce -16.3% 1,034,500 $8.3M
PFE Pfizer Inc. call Reduce -19.0% 281,000 $7.2M
VTRS Viatris Inc. call Reduce -24.0% 417,000 $4.1M
B Barrick Mining Corp. call Sold out 80,000 $1.7Mbefore exit
XRAY Dentsply Sirona Inc. call New 123,600 $1.6M
PRGO Perrigo Co. PLC call New 30,000 $668K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 40$170.4MVTRS, PFE, WU, TEVA, XRAY
Q1 2026 40$161.3MVTRS, WU, PFE, TEVA, FHI
Q4 2025 36$154.2MVTRS, WU, PFE, TEVA, TFC
Q3 2025 35$148.0MPFE, VTRS, UBER, COF, TFC
Q2 2025 36$139.7MPFE, VTRS, COF, UBER, FHI
Q1 2025 33$134.7MWU, PFE, VTRS, UBER, FHI
Q4 2024 34$131.8MWU, VTRS, COF, TEVA, FHI
Q3 2024 33$135.5MVTRS, UBER, WU, COF, TFC
Q2 2024 35$129.4MUBER, VTRS, PFE, TFC, WU
Q1 2024 33$126.3MPFE, UBER, WU, COF, TEVA