Financial Sense Advisors, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Financial Sense Advisors, Inc. reported 134 stock positions worth $405.2 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 9.6% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 8.8%) and Pan American Silver (PAAS, 6.1%). Compared with Q1 2025, it opened 34 new positions, sold out of 12, added to 36 and reduced 56. The biggest buy was a new position in Vaneck Junior Gold Miners (GDXJ) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001358828
- Portfolio Value
- $405.2M (Q2 2025)
- SEC Filing
- 0001085146-25-004524 ↗ filed Aug 5, 2025
Holdings Value
Holdings 134 stocks · $405.2M
| IBIT iShares Bitcoin Trust ETF | 9.61% | 635,966 | $38.9M | Reduce -4.5% |
| VOO Vanguard S&P 500 ETF | 8.75% | 62,451 | $35.5M | Reduce -18.7% |
| PAAS Pan American Silver Corp. | 6.07% | 866,083 | $24.6M | Reduce -8.2% |
| TSLA Tesla Inc. | 4.63% | 59,112 | $18.8M | Reduce -13.8% |
| BLOCK INC (XYZ 0 05/01/26) | 4.22% | 17,896,000 | $17.1M | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 3.84% | 87,620 | $15.5M | Add +1.6% |
| NEM Newmont Corp. | 3.59% | 249,908 | $14.6M | Reduce -8.4% |
| HESM Hess Midstream LP Class A | 3.04% | 319,501 | $12.3M | Reduce -9.3% |
| TEVA Teva Pharmaceutical-SP ADR | 2.78% | 673,029 | $11.3M | Add +66.0% |
| NWL Newell Brands Inc. | 2.42% | 1,818,583 | $9.8M | Add +10.7% |
| WHR Whirlpool Corp. | 2.41% | 96,453 | $9.8M | Add +19.5% |
| GDXJ Vaneck Junior Gold Miners | 2.14% | 128,518 | $8.7M | New |
| WPM Wheaton Precious Metals Corp. | 1.78% | 80,349 | $7.2M | Add +14.4% |
| SHYG iShares 0-5 YR HY Corp. Bond | 1.62% | 152,590 | $6.6M | New |
| TGT Target Corp. | 1.58% | 65,060 | $6.4M | New |
| FCX Freeport-McMoran Inc. | 1.52% | 141,793 | $6.1M | Add +86.3% |
| MO Altria Group Inc. | 1.34% | 92,900 | $5.4M | Reduce -24.6% |
| FSLR First Solar Inc. | 1.32% | 32,335 | $5.4M | Add +3.0% |
| B Barrick Mining Corp. | 1.32% | 256,791 | $5.3M | Reduce -12.7% |
| PLTR Palantir Technologies Inc. Class A | 1.29% | 38,375 | $5.2M | Add +2.8% |
| AMLP Alerian MLP ETF | 1.26% | 104,769 | $5.1M | Add +7.7% |
| PSLV Sprott Physical Silver Trust | 1.26% | 416,863 | $5.1M | Add +114.5% |
| MSFT Microsoft Corp. | 1.25% | 10,144 | $5.0M | Reduce -3.0% |
| XOM Exxon Mobil Corp. | 1.21% | 45,398 | $4.9M | Reduce -0.2% |
| SLV iShares Silver Trust | 1.16% | 143,473 | $4.7M | Add +180.4% |
| AEM Agnico Eagle Mines Ltd. | 1.15% | 39,073 | $4.6M | Reduce -29.3% |
| BP BP PLC-Spons ADR | 1.09% | 147,548 | $4.4M | New |
| IAU iShares Gold Trust | 1.04% | 67,853 | $4.2M | Reduce -1.2% |
| FLOT iShares Floating Rate Bond E | 1.02% | 81,084 | $4.1M | Reduce -50.2% |
| NEE Nextera Energy Inc. | 1.01% | 58,798 | $4.1M | Reduce -1.3% |
| SHLD Global X Defense Tech ETF | 0.99% | 66,616 | $4.0M | Add +39.4% |
| ARKQ ARK Autonomous Tech & Robot | 0.88% | 40,205 | $3.6M | New |
| XLE SS Energy Select Sector | 0.82% | 39,173 | $3.3M | Reduce -3.1% |
| LNG Cheniere Energy Inc. | 0.79% | 13,140 | $3.2M | Add +27.6% |
| AMGN Amgen Inc. | 0.74% | 10,800 | $3.0M | Reduce -1.9% |
| CVX Chevron Corp. | 0.72% | 20,351 | $2.9M | Add +7.8% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.65% | 35,205 | $2.6M | Reduce -1.8% |
| FCG First Trust Natural Gas ETF | 0.65% | 114,025 | $2.6M | Reduce -0.9% |
| XLK SS Technology Select Sector | 0.57% | 9,091 | $2.3M | Add +3.8% |
| EUAD Select Stoxx Eur Aer DE ETF | 0.49% | 45,613 | $2.0M | Add +80.3% |
| BWXT BWX Technologies Inc. | 0.48% | 13,613 | $2.0M | Add +0.1% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.48% | 4,832 | $2.0M | Add +66.0% |
| RTX RTX Corp. | 0.48% | 13,350 | $1.9M | New |
| CEF Sprott Physical Gold and Sil | 0.48% | 64,039 | $1.9M | Reduce -23.1% |
| IWF iShares Russell 1000 Growth | 0.45% | 4,309 | $1.8M | Add +6.4% |
| DAX Global X Dax Germany ETF | 0.42% | 38,235 | $1.7M | New |
| BITX 2X Bitcoin ETF | 0.41% | 30,900 | $1.7M | Add +7.8% |
| COP Conocophillips | 0.41% | 18,426 | $1.7M | Reduce -32.9% |
| SCHD Schwab US DVD Equity ETF | 0.39% | 59,489 | $1.6M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.38% | 14,061 | $1.5M | Add +2.2% |
| AAPL Apple Inc. | 0.35% | 7,008 | $1.4M | Reduce -1.3% |
| XLI SS Industrial Select Sector | 0.35% | 9,705 | $1.4M | Reduce -3.6% |
| APUE Activepassive US Equity ETF | 0.34% | 36,563 | $1.4M | Reduce -34.2% |
| SIL Global X Silver Miners ETF | 0.33% | 27,513 | $1.3M | Reduce -48.2% |
| LLY Eli Lilly & Co. | 0.32% | 1,642 | $1.3M | Reduce -2.4% |
| EQT Eqt Corp. | 0.31% | 21,409 | $1.2M | Add +27.3% |
| TBF Proshares Short 20+ Treasury | 0.28% | 47,691 | $1.2M | New |
| NVDA Nvidia Corp. | 0.26% | 6,572 | $1.0M | Reduce -40.4% |
| AVGO Broadcom Inc. | 0.26% | 3,755 | $1.0M | Reduce -11.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 3,367 | $993K | Add +0.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.24% | 1,737 | $958K | Reduce -25.3% |
| PHYS Sprott Physical Gold Trust | 0.23% | 36,437 | $924K | Reduce -81.3% |
| ABBV Abbvie Inc. | 0.22% | 4,842 | $899K | Reduce -4.6% |
| NSC Norfolk Southern Corp. | 0.22% | 3,420 | $875K | No change |
| T AT&T Inc. | 0.21% | 30,065 | $870K | Add +0.1% |
| VST Vistra Corp. | 0.21% | 4,406 | $854K | New |
| AMD Advanced Micro Devices | 0.20% | 5,809 | $824K | New |
| PFE Pfizer Inc. | 0.20% | 33,677 | $816K | Add +0.6% |
| NTR Nutrien Ltd. | 0.20% | 14,000 | $815K | Add +180.0% |
| USMV iShares MSCI USA Min Vol Fac | 0.20% | 8,625 | $810K | Reduce -5.0% |
| PALL Abrdn Physical Palladium SHS | 0.20% | 8,000 | $805K | New |
| CRM Salesforce Inc. | 0.19% | 2,868 | $782K | New |
| MDT Medtronic PLC | 0.19% | 8,962 | $781K | Reduce -0.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 6,288 | $780K | Reduce -9.9% |
| AG First Majestic Silver Corp. | 0.19% | 93,007 | $769K | Add +176.3% |
| NGD New Gold Inc. | 0.18% | 145,704 | $721K | Reduce -17.1% |
| TER Teradyne Inc. | 0.18% | 7,955 | $715K | New |
| MUB iShares National Muni Bond E | 0.17% | 6,746 | $705K | Reduce -3.0% |
| GLD SPDR Gold Shares | 0.17% | 2,289 | $698K | Reduce -66.3% |
| BABA Alibaba Group Holding-SP ADR | 0.17% | 5,949 | $675K | No change |
| APIE Activepassive Intl Eqty ETF | 0.16% | 20,056 | $668K | Reduce -40.0% |
| QCOM Qualcomm Inc. | 0.16% | 4,090 | $651K | Add +0.5% |
| SCHG Schwab US Large-Cap Growth | 0.16% | 22,108 | $646K | Add +13.0% |
| DELL Dell Technologies -C | 0.15% | 4,828 | $592K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 953 | $589K | Reduce -3.4% |
| IWP iShares Russell Mid-Cap Grow | 0.14% | 4,237 | $588K | Add +22.5% |
| XES SS SPDR S&P Og Eqp & Serv | 0.14% | 8,748 | $555K | Reduce -11.2% |
| APCB Activepassive Core Bond ETF | 0.13% | 18,427 | $546K | Reduce -43.2% |
| SCCO Southern Copper Corp. | 0.13% | 5,198 | $526K | Add +1.0% |
| JD Jd.com Inc.-ADR | 0.12% | 15,242 | $497K | New |
| AVAV Aerovironment Inc. | 0.12% | 1,700 | $484K | New |
| APMU Activepassive Interm Muni BD | 0.12% | 19,214 | $476K | Add +35.0% |
| CDE Coeur Mining Inc. | 0.11% | 49,230 | $436K | New |
| QUAL iShares MSCI USA Quality Fac | 0.11% | 2,375 | $434K | Reduce -24.6% |
| SPG Simon Property Group Inc. | 0.10% | 2,500 | $402K | No change |
| NATO Themes Transatlantic Defense | 0.09% | 10,500 | $376K | New |
| AGG iShares Core U.S. Aggregate | 0.09% | 3,771 | $374K | Add +1.9% |
| URA Global X Uranium ETF | 0.09% | 9,510 | $369K | New |
| WMT Walmart Inc. | 0.09% | 3,757 | $367K | Reduce -7.3% |
| MBB iShares MBS ETF | 0.09% | 3,858 | $362K | Reduce -7.8% |
Options reported separately and not counted above: SLV calls ($6.6M), MSTR calls ($2.0M), ASML calls ($1.2M), IBIT calls ($918K), TGT calls ($493K), NWL calls ($486K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $7.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 237,239 | $7.6M | New |
Total filed on the 13F, all lines: $412.9M.
Portfolio Sells Q1 2025 → Q2 2025
| VOO Vanguard S&P 500 ETF | Reduce -18.7% | 8.75% | −2.53 |
| FLOT iShares Floating Rate Bond E | Reduce -50.2% | 1.02% | −1.36 |
| HESM Hess Midstream LP Class A | Reduce -9.3% | 3.04% | −1.22 |
| PHYS Sprott Physical Gold Trust | Reduce -81.3% | 0.23% | −1.11 |
| PAAS Pan American Silver Corp. | Reduce -8.2% | 6.07% | −0.89 |
| SH Proshares Short S&P500 | Sold out | 0.00% | −0.80 |
| MO Altria Group Inc. | Reduce -24.6% | 1.34% | −0.77 |
| BLOCK INC (XYZ 0 05/01/26) | Reduce -2.4% | 4.22% | −0.76 |
| AEM Agnico Eagle Mines Ltd. | Reduce -29.3% | 1.15% | −0.56 |
| TSLA Tesla Inc. | Reduce -13.8% | 4.63% | −0.45 |
| FEZ State Street SPDR Euro Stoxx | Sold out | 0.00% | −0.42 |
| COP Conocophillips | Reduce -32.9% | 0.41% | −0.42 |
| GLD SPDR Gold Shares | Reduce -66.3% | 0.17% | −0.39 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 1.21% | −0.34 |
| B Barrick Mining Corp. | Reduce -12.7% | 1.32% | −0.31 |
| SIL Global X Silver Miners ETF | Reduce -48.2% | 0.33% | −0.27 |
| XLE SS Energy Select Sector | Reduce -3.1% | 0.82% | −0.26 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.26 |
| AMGN Amgen Inc. | Reduce -1.9% | 0.74% | −0.24 |
| SJT San Juan Basin Royalty TR | Sold out | 0.00% | −0.23 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.22 |
| IWO iShares Russell 2000 Growth | Reduce -70.5% | 0.08% | −0.21 |
| CEF Sprott Physical Gold and Sil | Reduce -23.1% | 0.48% | −0.20 |
| APUE Activepassive US Equity ETF | Reduce -34.2% | 0.34% | −0.20 |
| NEE Nextera Energy Inc. | Reduce -1.3% | 1.01% | −0.20 |
| NEM Newmont Corp. | Reduce -8.4% | 3.59% | −0.17 |
| FCG First Trust Natural Gas ETF | Reduce -0.9% | 0.65% | −0.17 |
| APCB Activepassive Core Bond ETF | Reduce -43.2% | 0.13% | −0.14 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.13 |
| APIE Activepassive Intl Eqty ETF | Reduce -40.0% | 0.16% | −0.12 |
| IAU iShares Gold Trust | Reduce -1.2% | 1.04% | −0.11 |
| WBA Walgreens Boots Alliance Inc. | Reduce -72.5% | 0.04% | −0.11 |
| AAPL Apple Inc. | Reduce -1.3% | 0.35% | −0.10 |
| NVDA Nvidia Corp. | Reduce -40.4% | 0.26% | −0.09 |
| ABBV Abbvie Inc. | Reduce -4.6% | 0.22% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -2.4% | 0.32% | −0.08 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -25.3% | 0.24% | −0.08 |
| PAVE Global X US Infrastructure | Sold out | 0.00% | −0.07 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.07 |
| HIGH Simplify Enhanced Income ETF | Sold out | 0.00% | −0.07 |
| XES SS SPDR S&P Og Eqp & Serv | Reduce -11.2% | 0.14% | −0.06 |
| PROSHARES TR | Sold out | 0.00% | −0.06 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.06 |
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −0.06 |
| QUAL iShares MSCI USA Quality Fac | Reduce -24.6% | 0.11% | −0.05 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -1.8% | 0.65% | −0.05 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -5.0% | 0.20% | −0.04 |
| GROY Gold Royalty Corp. | Reduce -89.1% | 0.01% | −0.04 |
| MDT Medtronic PLC | Reduce -0.8% | 0.19% | −0.04 |
| MUB iShares National Muni Bond E | Reduce -3.0% | 0.17% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| GDXJ Vaneck Junior Gold Miners | New | 2.14% | +2.14 |
| SHYG iShares 0-5 YR HY Corp. Bond | New | 1.62% | +1.62 |
| TGT Target Corp. | New | 1.58% | +1.58 |
| BP BP PLC-Spons ADR | New | 1.09% | +1.09 |
| TEVA Teva Pharmaceutical-SP ADR | Add +66.0% | 2.78% | +1.00 |
| ARKQ ARK Autonomous Tech & Robot | New | 0.88% | +0.88 |
| SLV iShares Silver Trust | Add +180.4% | 1.16% | +0.71 |
| FCX Freeport-McMoran Inc. | Add +86.3% | 1.52% | +0.69 |
| PSLV Sprott Physical Silver Trust | Add +114.5% | 1.26% | +0.61 |
| RTX RTX Corp. | New | 0.48% | +0.48 |
| DAX Global X Dax Germany ETF | New | 0.42% | +0.42 |
| PLTR Palantir Technologies Inc. Class A | Add +2.8% | 1.29% | +0.39 |
| SCHD Schwab US DVD Equity ETF | New | 0.39% | +0.39 |
| SHLD Global X Defense Tech ETF | Add +39.4% | 0.99% | +0.35 |
| WHR Whirlpool Corp. | Add +19.5% | 2.41% | +0.33 |
| TBF Proshares Short 20+ Treasury | New | 0.28% | +0.28 |
| EUAD Select Stoxx Eur Aer DE ETF | Add +80.3% | 0.49% | +0.24 |
| MSTR Strategy Inc. | Add +66.0% | 0.48% | +0.24 |
| WPM Wheaton Precious Metals Corp. | Add +14.4% | 1.78% | +0.22 |
| VST Vistra Corp. | New | 0.21% | +0.21 |
| AMD Advanced Micro Devices | New | 0.20% | +0.20 |
| PALL Abrdn Physical Palladium SHS | New | 0.20% | +0.20 |
| CRM Salesforce Inc. | New | 0.19% | +0.19 |
| FSLR First Solar Inc. | Add +3.0% | 1.32% | +0.19 |
| TER Teradyne Inc. | New | 0.18% | +0.18 |
| DELL Dell Technologies -C | New | 0.15% | +0.15 |
| NTR Nutrien Ltd. | Add +180.0% | 0.20% | +0.13 |
| AG First Majestic Silver Corp. | Add +176.3% | 0.19% | +0.13 |
| JD Jd.com Inc.-ADR | New | 0.12% | +0.12 |
| BITX 2X Bitcoin ETF | Add +7.8% | 0.41% | +0.12 |
| AVAV Aerovironment Inc. | New | 0.12% | +0.12 |
| LNG Cheniere Energy Inc. | Add +27.6% | 0.79% | +0.11 |
| CDE Coeur Mining Inc. | New | 0.11% | +0.11 |
| BWXT BWX Technologies Inc. | Add +0.1% | 0.48% | +0.10 |
| NATO Themes Transatlantic Defense | New | 0.09% | +0.09 |
| URA Global X Uranium ETF | New | 0.09% | +0.09 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 0.09% | +0.09 |
| BBY Best Buy Co. Inc. | New | 0.09% | +0.09 |
| GEV GE Vernova Inc. | New | 0.08% | +0.08 |
| MRK Merck & Co. Inc. | New | 0.07% | +0.07 |
| ETN Eaton Corp. PLC | New | 0.07% | +0.07 |
| VRT Vertiv Holdings Co. Class A | New | 0.06% | +0.06 |
| LYB Lyondellbasell Indu Class A | New | 0.06% | +0.06 |
| GS Goldman Sachs Group Inc. | New | 0.05% | +0.05 |
| EFV iShares MSCI Eafe Value ETF | New | 0.05% | +0.05 |
| EQT Eqt Corp. | Add +27.3% | 0.31% | +0.05 |
| XLK SS Technology Select Sector | Add +3.8% | 0.57% | +0.05 |
| IYW iShares Ustechnology ETF | New | 0.05% | +0.05 |
| UEC Uranium Energy Corp. | New | 0.05% | +0.05 |
| IEUR iShares Core MSCI Europe ETF | New | 0.05% | +0.05 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 12,200 | $6.8Mbefore exit |
| SLV iShares Silver Trust | call | New | 200,000 | $6.6M |
| MSTR Strategy Inc. | call | New | 5,000 | $2.0M |
| ASML ASML Holding NV-NY Reg SHS | call | New | 1,500 | $1.2M |
| IBIT iShares Bitcoin Trust ETF | call | New | 15,000 | $918K |
| AG First Majestic Silver Corp. | call | Sold out | 100,000 | $669Kbefore exit |
| TGT Target Corp. | call | New | 5,000 | $493K |
| NWL Newell Brands Inc. | call | New | 90,000 | $486K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 237,239 | $7.6M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 134 | $460.0M | VOO, EMB, FCX, NORTHERN OIL & GAS INC (NOG 3.625 04/15/29), TSLA |
| Q1 2026 | 139 | $431.3M | VOO, EMB, FCX, NORTHERN OIL & GAS INC (NOG 3.625 04/15/29), TSLA |
| Q4 2025 | 143 | $472.0M | VOO, FLOT, TSLA, IBIT, TEVA |
| Q3 2025 | 149 | $486.3M | VOO, FLOT, IBIT, PAAS, TSLA |
| Q2 2025 | 134 | $405.2M | IBIT, VOO, PAAS, TSLA, BLOCK INC (XYZ 0 05/01/26) |
| Q1 2025 | 112 | $349.8M | VOO, IBIT, PAAS, TSLA, BLOCK INC (XYZ 0 05/01/26) |
| Q4 2024 | 104 | $297.7M | VOO, IBIT, TSLA, BLOCK INC (XYZ 0 05/01/26), PAAS |
| Q3 2024 | 119 | $362.4M | VOO, EMB, IBIT, TSLA, B |
| Q2 2024 | 111 | $315.7M | VOO, IBIT, GOOG, B, PAAS |
| Q1 2024 | 108 | $281.3M | VOO, MSTR, B, GOOG, PAAS |