In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Fore Capital, LLC reported 22 stock positions worth $16.1 million . Its top holding was iShares Gold Trust (IAU) at 41.3% of the portfolio, followed by Sprott Physical Gold and Sil (CEF, 13.9% ) and Vici Properties (VICI, 8.3% ). Compared with Q4 2023, it opened 13 new positions, sold out of 6, added to 6 and reduced 1. The biggest buy was a new position in Sprott Physical Gold and Sil (CEF) and the biggest sale an exit from iShares Silver Trust (SLV).
Location New York, NY
CIK 0001714672
Portfolio Value $16.1M (Q1 2024) Holdings 22 stocks · $16.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 IAU iShares Gold Trust 158,000 $6.6M Add +58.0% CEF Sprott Physical Gold and Sil 110,000 $2.2M New VICI Vici Properties Inc. filed as VICI PPTYS INC 45,000 $1.3M New DAL Delta Air Lines Inc. 27,000 $1.3M New HUM Humana Inc. 3,000 $1.0M Add +42.9% PGEN Precigen Inc. 306,791 $445K Reduce -14.0% WBD Warner Bros Discovery Inc. 49,000 $428K Add +22.5% BLCO Bausch + Lomb Corp. 22,180 $384K New MAG Mag Silver Corp. 34,000 $360K New JD Jd.com Inc.-ADR 10,100 $277K New MLCO Melco Resorts & Entert-ADR 37,000 $267K New PAAS Pan American Silver Corp. 17,000 $256K New CDE Coeur Mining Inc. 56,000 $211K New HL Hecla Mining Co. 42,000 $202K New TMQ Trilogy Metals Inc. 280,000 $140K No change EAF Graftech International Ltd. 100,000 $138K Add +25.0% SILV Silvercrest Metals Inc. 17,000 $113K New DADA Dada Nexus Ltd.-ADR 45,000 $92K New VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 54,841 $72K Add +22.3% LUMINAR TECHNOLOGIES INC 30,000 $59K New BMRA Biomerica Inc. 59,680 $50K Add +72.1% CCO Clear Channel Outdoor Holdin 10,000 $17K No change
Options reported separately and not counted above: SPY puts ($54.9M), GLD calls ($20.6M), SLV calls ($17.5M), GDX calls ($10.9M), HUM calls ($3.5M), MIND MEDICINE MINDMED INC calls ($282K).
Other holdings (19): bonds, preferreds, convertibles and warrants · $39.1M (not counted above) Security Class Shares / Principal Value Change OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 3,880,000 $3.6M No change SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 3,760,000 $3.5M Add +88.0% BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 3,480,000 $3.2M No change BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 3,500,000 $3.1M No change LIBERTY LATIN AMERICA (LILAK 2 07/15/24) NOTE 2.000% 7/1 · principal 3,000,000 $2.9M No change CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 3,000,000 $2.7M No change CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 3,000,000 $2.6M No change UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 3,000,000 $2.6M No change BOX INC (BOX 0 01/15/26) NOTE 1/1 · principal 2,000,000 $2.4M No change OIL STATES INTL INC (OIS 4.75 04/01/26) NOTE 4.750% 4/0 · principal 2,000,000 $1.9M New NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 2,000,000 $1.9M New RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal 2,000,000 $1.8M No change BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 2,000,000 $1.7M No change FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) NOTE 0.375% 1/1 · principal 1,500,000 $1.2M No change GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 1,500,000 $1.0M New WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal 1,500,000 $883K Add +50.0% DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 1,000,000 $843K New LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 1,000,000 $788K New DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 500,000 $469K No change
Total filed on the 13F, all lines: $55.1M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ SLV iShares Silver Trust Sold out 0.00% −23.29 GDX Vaneck Gold Miners ETF Sold out 0.00% −9.15 EPD Enterprise Products Partners Sold out 0.00% −7.77 KWEB Kranesh Csi China Internet Sold out 0.00% −5.97 ELV Elevance Health Inc. Sold out 0.00% −5.22 MAA Mid-America Apartment Comm Sold out 0.00% −2.28 PGEN Precigen Inc. Reduce -14.0% 2.77% −0.76
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ CEF Sprott Physical Gold and Sil New 13.93% +13.93 IAU iShares Gold Trust Add +58.0% 41.34% +12.55 VICI Vici Properties Inc. New 8.35% +8.35 DAL Delta Air Lines Inc. New 8.05% +8.05 BLCO Bausch + Lomb Corp. New 2.39% +2.39 MAG Mag Silver Corp. New 2.24% +2.24 JD Jd.com Inc.-ADR New 1.72% +1.72 MLCO Melco Resorts & Entert-ADR New 1.66% +1.66 PAAS Pan American Silver Corp. New 1.60% +1.60 CDE Coeur Mining Inc. New 1.31% +1.31 HL Hecla Mining Co. New 1.26% +1.26 SILV Silvercrest Metals Inc. New 0.71% +0.71 DADA Dada Nexus Ltd.-ADR New 0.57% +0.57 LUMINAR TECHNOLOGIES INC New 0.37% +0.37 BMRA Biomerica Inc. Add +72.1% 0.31% −0.01 EAF Graftech International Ltd. Add +25.0% 0.86% −0.43 VISN Vistance Networks Inc. Add +22.3% 0.45% −0.49 HUM Humana Inc. Add +42.9% 6.48% −0.61 WBD Warner Bros Discovery Inc. Add +22.5% 2.66% −0.69
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +90.9% 105,000 $54.9M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 440,000 $34.1Mbefore exit QQQ Invesco QQQ Trust Series 1 put Sold out 70,000 $28.7Mbefore exit GLD SPDR Gold Shares call Reduce -53.5% 100,000 $20.6M SLV iShares Silver Trust call Reduce -15.4% 770,000 $17.5M GDX Vaneck Gold Miners ETF call Add +245.0% 345,000 $10.9M AAPL Apple Inc. put Sold out 20,000 $3.9Mbefore exit HUM Humana Inc. call New 10,000 $3.5M MIND MEDICINE MINDMED INC call New 30,000 $282K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal Add +88.0% 3,760,000 $3.5M ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal Sold out 2,700,000 $3.1Mbefore exit OIL STATES INTL INC (OIS 4.75 04/01/26) NOTE 4.750% 4/0 · principal New 2,000,000 $1.9M NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal New 2,000,000 $1.9M GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal New 1,500,000 $1.0M WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal Add +50.0% 1,500,000 $883K DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal New 1,000,000 $843K LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal New 1,000,000 $788K
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 35 $31.7M GDX, XLV, TCOM, ECH, EXE Q1 2026 16 $15.1M GDX, HYG, KWEB, ECH, NU Q4 2025 28 $40.7M IAU, CEF, AR, ELS, CRM Q3 2025 29 $39.6M IAU, CEF, XLV, ELS, NVO Q2 2025 22 $26.9M IAU, CEF, KWEB, PRGO, EWZ Q1 2025 35 $37.5M IAU, CEF, PSLV, VICI, LH Q4 2024 22 $29.1M IAU, VICI, CEF, PSLV, LH Q3 2024 22 $23.1M IAU, SLV, CEF, XBI, XLV Q2 2024 30 $28.2M IAU, CEF, VNQ, PSQ, NUGT Q1 2024 22 $16.1M IAU, CEF, VICI, DAL, HUM