Financial Sense Advisors, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Financial Sense Advisors, Inc. reported 143 stock positions worth $472.0 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 8.1% of the portfolio, followed by iShares Floating Rate Bond E (FLOT, 6.7%) and Tesla (TSLA, 5.9%). Compared with Q3 2025, it opened 25 new positions, sold out of 31, added to 55 and reduced 50. The biggest buy was Freeport-McMoran (FCX, shares +107%) and the biggest sale an exit from Vaneck Rar Earth ND STG-Usdi (REMX).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001358828
- Portfolio Value
- $472.0M (Q4 2025)
- SEC Filing
- 0001358828-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 143 stocks · $472.0M
| VOO Vanguard S&P 500 ETF | 8.05% | 60,623 | $38.0M | Add +2.0% |
| FLOT iShares Floating Rate Bond E | 6.65% | 617,613 | $31.4M | Reduce -12.7% |
| TSLA Tesla Inc. | 5.90% | 61,954 | $27.9M | Add +5.8% |
| IBIT iShares Bitcoin Trust ETF | 5.28% | 502,413 | $24.9M | Reduce -5.4% |
| TEVA Teva Pharmaceutical-SP ADR | 4.97% | 751,583 | $23.5M | Reduce -6.4% |
| PAAS Pan American Silver Corp. | 4.62% | 420,736 | $21.8M | Reduce -39.7% |
| FCX Freeport-McMoran Inc. | 4.60% | 427,609 | $21.7M | Add +106.6% |
| BP BP PLC-Spons ADR | 4.25% | 577,812 | $20.1M | Add +0.6% |
| NEM Newmont Corp. | 2.60% | 122,766 | $12.3M | Reduce -38.3% |
| SHYG iShares 0-5 YR HY Corp. Bond | 2.48% | 273,563 | $11.7M | Add +0.1% |
| FCG First Trust Natural Gas ETF | 2.41% | 485,978 | $11.4M | Reduce -9.4% |
| BLOCK INC (XYZ 0 05/01/26) | 2.32% | 11,179,000 | $11.0M | Add +0.3% |
| AA Alcoa Corp. | 1.80% | 159,894 | $8.5M | New |
| NTR Nutrien Ltd. | 1.66% | 126,872 | $7.8M | Add +111.3% |
| PLTR Palantir Technologies Inc. Class A | 1.44% | 38,225 | $6.8M | Reduce -0.4% |
| WPM Wheaton Precious Metals Corp. | 1.40% | 56,309 | $6.6M | Add +0.1% |
| MRK Merck & Co. Inc. | 1.38% | 61,776 | $6.5M | Add +28.8% |
| AEM Agnico Eagle Mines Ltd. | 1.28% | 35,767 | $6.1M | Add +2.2% |
| NKE Nike Inc. Class B | 1.27% | 94,303 | $6.0M | New |
| B Barrick Mining Corp. | 1.26% | 136,332 | $5.9M | Reduce -43.9% |
| XOM Exxon Mobil Corp. | 1.14% | 44,816 | $5.4M | Reduce -1.5% |
| IAU iShares Gold Trust | 1.14% | 66,128 | $5.4M | Reduce -6.8% |
| MO Altria Group Inc. | 1.11% | 90,913 | $5.2M | Reduce -0.9% |
| VALE Vale SA-SP ADR | 1.10% | 397,116 | $5.2M | Add +205.6% |
| MSFT Microsoft Corp. | 1.03% | 10,029 | $4.9M | Reduce -1.1% |
| NEE Nextera Energy Inc. | 1.01% | 59,365 | $4.8M | Add +0.3% |
| SIL Global X Silver Miners ETF | 0.99% | 56,134 | $4.7M | New |
| BBY Best Buy Co. Inc. | 0.92% | 65,042 | $4.4M | Add +1273.6% |
| IVZ Invesco Ltd. | 0.88% | 158,137 | $4.2M | Add +1.1% |
| XLE SS Energy Select Sector | 0.73% | 77,219 | $3.5M | Reduce -1.5% |
| AMGN Amgen Inc. | 0.72% | 10,450 | $3.4M | Reduce -9.3% |
| QCOM Qualcomm Inc. | 0.71% | 19,640 | $3.4M | Add +378.1% |
| AMLP Alerian MLP ETF | 0.70% | 70,687 | $3.3M | Reduce -20.5% |
| CVX Chevron Corp. | 0.69% | 21,518 | $3.3M | Add +4.1% |
| RTX RTX Corp. | 0.66% | 17,107 | $3.1M | Add +0.2% |
| TGT Target Corp. | 0.65% | 31,559 | $3.1M | Reduce -31.7% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.65% | 36,932 | $3.0M | Add +4.3% |
| WHR Whirlpool Corp. | 0.62% | 40,365 | $2.9M | Add +18.0% |
| XLK SS Technology Select Sector | 0.61% | 20,143 | $2.9M | Add +8.8% |
| DVN Devon Energy Corp. | 0.60% | 77,000 | $2.8M | Add +93.8% |
| PSLV Sprott Physical Silver Trust | 0.59% | 117,493 | $2.8M | Reduce -63.2% |
| HESM Hess Midstream LP Class A | 0.59% | 80,303 | $2.8M | Reduce -67.3% |
| BWXT BWX Technologies Inc. | 0.57% | 15,493 | $2.7M | Reduce -1.3% |
| BABA Alibaba Group Holding-SP ADR | 0.54% | 17,276 | $2.5M | Add +185.7% |
| AAPL Apple Inc. | 0.53% | 9,115 | $2.5M | Add +1.3% |
| GEV GE Vernova Inc. | 0.46% | 3,325 | $2.2M | Add +457.9% |
| SHLD Global X Defense Tech ETF | 0.45% | 33,027 | $2.1M | Reduce -50.5% |
| LNG Cheniere Energy Inc. | 0.45% | 10,971 | $2.1M | Reduce -17.3% |
| IWF iShares Russell 1000 Growth | 0.45% | 4,453 | $2.1M | Add +2.1% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.43% | 52,725 | $2.0M | New |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.42% | 146,661 | $2.0M | New |
| DAX Global X Dax Germany ETF | 0.37% | 38,387 | $1.8M | No change |
| LLY Eli Lilly & Co. | 0.37% | 1,612 | $1.7M | Add +1.1% |
| APUE Activepassive US Equity ETF | 0.33% | 37,639 | $1.6M | Add +2.4% |
| XLI SS Industrial Select Sector | 0.33% | 10,052 | $1.6M | Reduce -0.2% |
| INTC Intel Corp. | 0.32% | 41,511 | $1.5M | Add +4.7% |
| COP Conocophillips | 0.31% | 15,834 | $1.5M | Reduce -13.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.31% | 13,277 | $1.5M | Reduce -3.0% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.29% | 20,000 | $1.4M | New |
| CCJ Cameco Corp. | 0.29% | 14,710 | $1.3M | Add +209.0% |
| SLV iShares Silver Trust | 0.28% | 20,669 | $1.3M | Reduce -82.7% |
| NVDA Nvidia Corp. | 0.26% | 6,535 | $1.2M | Add +6.1% |
| EQT Eqt Corp. | 0.24% | 21,097 | $1.1M | Reduce -3.0% |
| CDE Coeur Mining Inc. | 0.24% | 62,550 | $1.1M | New |
| SCCO Southern Copper Corp. | 0.23% | 7,544 | $1.1M | Add +43.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 1,641 | $1.0M | Reduce -5.2% |
| EUAD Select Stoxx Eur Aer DE ETF | 0.21% | 23,861 | $1.0M | Reduce -48.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 3,379 | $1.0M | Reduce -0.1% |
| NSC Norfolk Southern Corp. | 0.21% | 3,420 | $987K | No change |
| AVGO Broadcom Inc. | 0.20% | 2,755 | $954K | No change |
| CEF Sprott Physical Gold and Sil | 0.20% | 20,636 | $945K | Reduce -58.9% |
| GLD SPDR Gold Shares | 0.19% | 2,281 | $904K | Reduce -0.2% |
| HON Honeywell International Inc. | 0.19% | 4,584 | $894K | New |
| RIG Transocean Ltd. | 0.18% | 210,869 | $871K | Add +155.4% |
| UNH Unitedhealth Group Inc. | 0.18% | 2,631 | $869K | Reduce -3.6% |
| MDT Medtronic PLC | 0.18% | 8,637 | $830K | Add +0.1% |
| D Dominion Energy Inc. | 0.17% | 13,581 | $796K | Add +127.2% |
| USMV iShares MSCI USA Min Vol Fac | 0.17% | 8,431 | $794K | Add +0.3% |
| ORCL Oracle Corp. | 0.17% | 4,032 | $786K | New |
| BDYN iShares DYN Act ETF | 0.17% | 30,595 | $784K | Reduce -8.2% |
| SCHG Schwab US Large-Cap Growth | 0.16% | 23,449 | $765K | Reduce -2.3% |
| NUKZ Range Nuclear Renaissance filed as EXCHANGE TRADED CONCEPTS TRU | 0.16% | 12,045 | $765K | Reduce -62.7% |
| MUB iShares National Muni Bond E | 0.15% | 6,824 | $731K | Add +1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 1,036 | $707K | Add +0.1% |
| T AT&T Inc. | 0.15% | 27,722 | $689K | Add +0.1% |
| ABBV Abbvie Inc. | 0.15% | 3,009 | $688K | Reduce -36.3% |
| AVAV Aerovironment Inc. | 0.14% | 2,800 | $677K | No change |
| APIE Activepassive Intl Eqty ETF | 0.14% | 18,798 | $668K | Add +3.9% |
| APCB Activepassive Core Bond ETF | 0.14% | 21,494 | $637K | Add +13.5% |
| IWP iShares Russell Mid-Cap Grow | 0.13% | 4,416 | $605K | Add +4.2% |
| UPS United Parcel Service Class B | 0.13% | 6,000 | $595K | New |
| KTOS Kratos Defense & Security | 0.12% | 7,708 | $585K | Reduce -68.4% |
| BKR Baker Hughes Co. | 0.12% | 12,725 | $579K | Add +5.8% |
| PHYS Sprott Physical Gold Trust | 0.11% | 15,621 | $516K | Reduce -57.1% |
| DELL Dell Technologies -C | 0.11% | 4,000 | $504K | Reduce -11.0% |
| BDVL iShares DV Equity Active ETF | 0.10% | 19,736 | $490K | Reduce -1.7% |
| VST Vistra Corp. | 0.10% | 2,990 | $482K | Add +3.5% |
| USFR Wisdomtree Floating Rate Tre | 0.10% | 9,385 | $472K | Add +8.2% |
| COPX Global X Copper Miners ETF | 0.10% | 6,562 | $471K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.10% | 1,388 | $465K | New |
Options reported separately and not counted above: SLB calls ($7.7M), CDE calls ($3.2M), HL calls ($480K), DSX calls ($168K).
Other holdings (4): bonds, preferreds, convertibles and warrants · $63.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 431,160 | $21.0M | Reduce -1.0% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 277,679 | $18.5M | Add +1.7% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 235,362 | $14.0M | Reduce -46.2% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 149,066 | $10.3M | New |
Total filed on the 13F, all lines: $535.8M.
Portfolio Sells Q3 2025 → Q4 2025
| REMX Vaneck Rar Earth ND STG-Usdi | Sold out | 0.00% | −1.84 |
| IBIT iShares Bitcoin Trust ETF | Reduce -5.4% | 5.28% | −1.81 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.42 |
| HESM Hess Midstream LP Class A | Reduce -67.3% | 0.59% | −1.16 |
| PAAS Pan American Silver Corp. | Reduce -39.7% | 4.62% | −0.94 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.94 |
| NEM Newmont Corp. | Reduce -38.3% | 2.60% | −0.85 |
| FLOT iShares Floating Rate Bond E | Reduce -12.7% | 6.65% | −0.78 |
| SLV iShares Silver Trust | Reduce -82.7% | 0.28% | −0.76 |
| PALL Abrdn Physical Palladium SHS | Sold out | 0.00% | −0.52 |
| SHLD Global X Defense Tech ETF | Reduce -50.5% | 0.45% | −0.51 |
| ARKQ ARK Autonomous Tech & Robot | Sold out | 0.00% | −0.48 |
| PSLV Sprott Physical Silver Trust | Reduce -63.2% | 0.59% | −0.44 |
| B Barrick Mining Corp. | Reduce -43.9% | 1.26% | −0.38 |
| BITX 2X Bitcoin ETF | Sold out | 0.00% | −0.34 |
| KTOS Kratos Defense & Security | Reduce -68.4% | 0.12% | −0.33 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.32 |
| NWL Newell Brands Inc. | Sold out | 0.00% | −0.28 |
| KWEB Kranesh Csi China Internet | Reduce -68.6% | 0.10% | −0.28 |
| NUKZ Range Nuclear Renaissance | Reduce -62.7% | 0.16% | −0.27 |
| OIH Vaneck Oil Services ETF | Sold out | 0.00% | −0.26 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.24 |
| EUAD Select Stoxx Eur Aer DE ETF | Reduce -48.6% | 0.21% | −0.24 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.22 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.21 |
| TGT Target Corp. | Reduce -31.7% | 0.65% | −0.20 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.20 |
| LNG Cheniere Energy Inc. | Reduce -17.3% | 0.45% | −0.19 |
| AG First Majestic Silver Corp. | Sold out | 0.00% | −0.19 |
| FCG First Trust Natural Gas ETF | Reduce -9.4% | 2.41% | −0.18 |
| CEF Sprott Physical Gold and Sil | Reduce -58.9% | 0.20% | −0.18 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.17 |
| USAR USA Rare Earth Inc. | Sold out | 0.00% | −0.16 |
| BTG B2GOLD Corp. | Sold out | 0.00% | −0.16 |
| PPLT Abrdn Physical Platinum SHRS | Sold out | 0.00% | −0.16 |
| AMLP Alerian MLP ETF | Reduce -20.5% | 0.70% | −0.15 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.14 |
| MO Altria Group Inc. | Reduce -0.9% | 1.11% | −0.14 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.13 |
| SJT San Juan Basin Royalty TR | Reduce -71.1% | 0.05% | −0.13 |
| XES SS SPDR S&P Og Eqp & Serv | Sold out | 0.00% | −0.11 |
| PHYS Sprott Physical Gold Trust | Reduce -57.1% | 0.11% | −0.11 |
| TPL Texas Pacific Land Corp. | Sold out | 0.00% | −0.11 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -62.0% | 0.08% | −0.10 |
| ALM Almonty Industries Inc. | Sold out | 0.00% | −0.10 |
| NE Noble Corp. PLC | Sold out | 0.00% | −0.09 |
| ABBV Abbvie Inc. | Reduce -36.3% | 0.15% | −0.08 |
| NMG Nouveau Monde Graphite Inc. | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Reduce -1.1% | 1.03% | −0.05 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| FCX Freeport-McMoran Inc. | Add +106.6% | 4.60% | +2.93 |
| AA Alcoa Corp. | New | 1.80% | +1.80 |
| NKE Nike Inc. Class B | New | 1.27% | +1.27 |
| SIL Global X Silver Miners ETF | New | 0.99% | +0.99 |
| NTR Nutrien Ltd. | Add +111.3% | 1.66% | +0.93 |
| BBY Best Buy Co. Inc. | Add +1273.6% | 0.92% | +0.85 |
| VALE Vale SA-SP ADR | Add +205.6% | 1.10% | +0.81 |
| QCOM Qualcomm Inc. | Add +378.1% | 0.71% | +0.57 |
| VOO Vanguard S&P 500 ETF | Add +2.0% | 8.05% | +0.57 |
| MRK Merck & Co. Inc. | Add +28.8% | 1.38% | +0.55 |
| TSLA Tesla Inc. | Add +5.8% | 5.90% | +0.55 |
| SLB SLB Ltd. | New | 0.43% | +0.43 |
| ORLA Orla Mining Ltd. | New | 0.42% | +0.42 |
| GEV GE Vernova Inc. | Add +457.9% | 0.46% | +0.39 |
| BABA Alibaba Group Holding-SP ADR | Add +185.7% | 0.54% | +0.31 |
| DVN Devon Energy Corp. | Add +93.8% | 0.60% | +0.31 |
| SQM Quimica Y Minera Chil-SP ADR | New | 0.29% | +0.29 |
| CDE Coeur Mining Inc. | New | 0.24% | +0.24 |
| CCJ Cameco Corp. | Add +209.0% | 0.29% | +0.20 |
| HON Honeywell International Inc. | New | 0.19% | +0.19 |
| BP BP PLC-Spons ADR | Add +0.6% | 4.25% | +0.18 |
| ORCL Oracle Corp. | New | 0.17% | +0.17 |
| IVZ Invesco Ltd. | Add +1.1% | 0.88% | +0.14 |
| RIG Transocean Ltd. | Add +155.4% | 0.18% | +0.13 |
| UPS United Parcel Service Class B | New | 0.13% | +0.13 |
| LLY Eli Lilly & Co. | Add +1.1% | 0.37% | +0.12 |
| WPM Wheaton Precious Metals Corp. | Add +0.1% | 1.40% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.10% | +0.10 |
| SCCO Southern Copper Corp. | Add +43.7% | 0.23% | +0.10 |
| BLOCK INC (XYZ 0 05/01/26) | Add +0.3% | 2.32% | +0.10 |
| D Dominion Energy Inc. | Add +127.2% | 0.17% | +0.09 |
| NEE Nextera Energy Inc. | Add +0.3% | 1.01% | +0.09 |
| SLX Vaneck Steel ETF | New | 0.09% | +0.09 |
| GSY Invesco Ultra Short Duration | New | 0.09% | +0.09 |
| EXK Endeavour Silver Corp. | New | 0.08% | +0.08 |
| XLK SS Technology Select Sector | Add +8.8% | 0.61% | +0.08 |
| RTX RTX Corp. | Add +0.2% | 0.66% | +0.08 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.07% | +0.07 |
| AEM Agnico Eagle Mines Ltd. | Add +2.2% | 1.28% | +0.07 |
| CPNG Coupang Inc. | New | 0.07% | +0.07 |
| DOW Dow Inc. | New | 0.07% | +0.07 |
| WHR Whirlpool Corp. | Add +18.0% | 0.62% | +0.06 |
| HL Hecla Mining Co. | New | 0.06% | +0.06 |
| AMZN Amazon.com Inc. | New | 0.06% | +0.06 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +4.3% | 0.65% | +0.06 |
| NBR Nabors Industries Ltd. | New | 0.06% | +0.06 |
| AAPL Apple Inc. | Add +1.3% | 0.53% | +0.05 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +0.1% | 2.48% | +0.05 |
| DRGN Themes China Gen AI ETF | New | 0.05% | +0.05 |
| INTC Intel Corp. | Add +4.7% | 0.32% | +0.05 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 45,000 | $30.0Mbefore exit |
| DVN Devon Energy Corp. | call | Sold out | 275,000 | $9.6Mbefore exit |
| SLB SLB Ltd. | call | New | 200,000 | $7.7M |
| VALE Vale SA-SP ADR | call | Sold out | 300,000 | $3.3Mbefore exit |
| CDE Coeur Mining Inc. | call | New | 180,000 | $3.2M |
| NE Noble Corp. PLC | call | Sold out | 50,000 | $1.4Mbefore exit |
| HL Hecla Mining Co. | call | New | 25,000 | $480K |
| NWL Newell Brands Inc. | call | Sold out | 90,000 | $472Kbefore exit |
| DSX Diana Shipping Inc. | call | Add +100.0% | 100,000 | $168K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Reduce -1.0% | 431,160 | $21.0M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +1.7% | 277,679 | $18.5M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -46.2% | 235,362 | $14.0M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 149,066 | $10.3M |
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 |