Fore Capital, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Fore Capital, LLC reported 30 stock positions worth $28.2 million. Its top holding was iShares Gold Trust (IAU) at 27.8% of the portfolio, followed by Sprott Physical Gold and Sil (CEF, 8.6%) and Vanguard Real Estate ETF (VNQ, 8.0%). Compared with Q1 2024, it opened 17 new positions, sold out of 9, added to 8 and reduced 1. The biggest buy was a new position in Vanguard Real Estate ETF (VNQ) and the biggest sale an exit from Delta Air Lines (DAL).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001714672
Portfolio Value
$28.2M (Q2 2024)
SEC Filing
0001714672-24-000003 ↗ filed Aug 7, 2024

Holdings Value

0$10.0M$20.0M$30.0M$40.0M$50.0M Q1 2024: $16.1M Q1 2024 Q2 2024: $28.2M $28.2M Q2 2024 Q3 2024: $23.1M Q3 2024 Q4 2024: $29.1M Q4 2024 Q1 2025: $37.5M Q1 2025 Q2 2025: $26.9M Q2 2025 Q3 2025: $39.6M Q3 2025 Q4 2025: $40.7M Q4 2025 Q1 2026: $15.1M Q1 2026 Q2 2026: $31.7M Q2 2026

Holdings 30 stocks · $28.2M
IAU iShares Gold Trust 27.76% 178,000 $7.8M Add +12.7%
CEF Sprott Physical Gold and Sil 8.61% 110,000 $2.4M No change
VNQ Vanguard Real Estate ETF 8.03% 27,000 $2.3M New
PSQ Proshares Short QQQ 6.47% 45,000 $1.8M New
NUGT Dirxn DLY GM Indx B2X ETF-Ui 6.00% 45,000 $1.7M New
VICI Vici Properties Inc. filed as VICI PPTYS INC 5.80% 57,000 $1.6M Add +26.7%
ARE Alexandria Real Estate Equit 5.61% 13,500 $1.6M New
TM Toyota Motor Corp. -Spon ADR 5.09% 7,000 $1.4M New
SLV iShares Silver Trust 4.72% 50,000 $1.3M New
BABA Alibaba Group Holding-SP ADR 3.58% 14,000 $1.0M New
JD Jd.com Inc.-ADR 3.44% 37,500 $969K Add +271.3%
BLCO Bausch + Lomb Corp. 2.17% 42,180 $612K Add +90.2%
FTRE Fortrea Holdings Inc. 2.07% 25,000 $584K New
WBD Warner Bros Discovery Inc. 1.69% 64,000 $476K Add +30.6%
CUZ Cousins Properties Inc. 1.32% 16,000 $370K New
STAG Stag Industrial Inc. 1.28% 10,000 $361K New
PGEN Precigen Inc. 1.16% 206,811 $327K Reduce -32.6%
PDD PDD Holdings Inc. 0.94% 2,000 $266K New
EAF Graftech International Ltd. 0.76% 220,000 $213K Add +120.0%
CTGO Contango Silver & Gold Inc. 0.71% 11,100 $201K New
CMPS Compass Pathways PLC 0.64% 30,000 $181K New
MIND MEDICINE MINDMED INC 0.38% 15,000 $108K New
NG Novagold Resources Inc. 0.37% 30,000 $104K New
HYMC Hycroft Mining Holding Co. Class A 0.34% 40,000 $96K New
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.33% 74,841 $92K Add +36.5%
LUMINAR TECHNOLOGIES INC 0.24% 45,000 $67K Add +50.0%
DADA Dada Nexus Ltd.-ADR 0.20% 45,000 $57K No change
MULTIPLAN CORP 0.13% 95,000 $37K New
BMRA Biomerica Inc. 0.09% 59,680 $26K No change
CCO Clear Channel Outdoor Holdin 0.05% 10,000 $14K No change

Options reported separately and not counted above: SPY puts ($54.4M), SLV calls ($33.1M), GDX calls ($3.7M).

Other holdings (18): bonds, preferreds, convertibles and warrants · $38.0M (not counted above)
SecurityClassShares / PrincipalValueChange
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 3,760,000$3.6MNo change
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 3,880,000$3.6MNo change
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 3,500,000$3.1MNo change
LIBERTY LATIN AMERICA (LILAK 2 07/15/24) NOTE 2.000% 7/1 · principal 3,000,000$3.0MNo change
OIL STATES INTL INC (OIS 4.75 04/01/26) NOTE 4.750% 4/0 · principal 3,000,000$2.9MAdd +50.0%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 3,000,000$2.7MNo change
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 3,000,000$2.6MNo change
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 3,000,000$2.6MNo change
BOX INC (BOX 0 01/15/26) NOTE 1/1 · principal 2,000,000$2.3MNo change
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 2,500,000$1.9MAdd +66.7%
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 2,000,000$1.9MNo change
RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal 2,000,000$1.8MNo change
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 2,000,000$1.7MNo change
FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) NOTE 0.375% 1/1 · principal 1,500,000$1.2MNo change
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal 1,500,000$892KNo change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 1,000,000$848KNo change
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 1,000,000$758KNo change
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 500,000$457KNo change

Total filed on the 13F, all lines: $66.1M.

Portfolio Sells Q1 2024 → Q2 2024
DAL Delta Air Lines Inc. Sold out 0.00% −8.05
HUM Humana Inc. Sold out 0.00% −6.48
MAG Mag Silver Corp. Sold out 0.00% −2.24
MLCO Melco Resorts & Entert-ADR Sold out 0.00% −1.66
PGEN Precigen Inc. Reduce -32.6% 1.16% −1.61
PAAS Pan American Silver Corp. Sold out 0.00% −1.60
CDE Coeur Mining Inc. Sold out 0.00% −1.31
HL Hecla Mining Co. Sold out 0.00% −1.26
TMQ Trilogy Metals Inc. Sold out 0.00% −0.87
SILV Silvercrest Metals Inc. Sold out 0.00% −0.71

Portfolio Buys Q1 2024 → Q2 2024
VNQ Vanguard Real Estate ETF New 8.03% +8.03
PSQ Proshares Short QQQ New 6.47% +6.47
NUGT Dirxn DLY GM Indx B2X ETF-Ui New 6.00% +6.00
ARE Alexandria Real Estate Equit New 5.61% +5.61
TM Toyota Motor Corp. -Spon ADR New 5.09% +5.09
SLV iShares Silver Trust New 4.72% +4.72
BABA Alibaba Group Holding-SP ADR New 3.58% +3.58
FTRE Fortrea Holdings Inc. New 2.07% +2.07
JD Jd.com Inc.-ADR Add +271.3% 3.44% +1.72
CUZ Cousins Properties Inc. New 1.32% +1.32
STAG Stag Industrial Inc. New 1.28% +1.28
PDD PDD Holdings Inc. New 0.94% +0.94
CTGO Contango Silver & Gold Inc. New 0.71% +0.71
CMPS Compass Pathways PLC New 0.64% +0.64
MIND MEDICINE MINDMED INC New 0.38% +0.38
NG Novagold Resources Inc. New 0.37% +0.37
HYMC Hycroft Mining Holding Co. Class A New 0.34% +0.34
MULTIPLAN CORP New 0.13% +0.13
EAF Graftech International Ltd. Add +120.0% 0.76% −0.10
VISN Vistance Networks Inc. Add +36.5% 0.33% −0.12
LUMINAR TECHNOLOGIES INC Add +50.0% 0.24% −0.13
BLCO Bausch + Lomb Corp. Add +90.2% 2.17% −0.21
WBD Warner Bros Discovery Inc. Add +30.6% 1.69% −0.97
VICI Vici Properties Inc. Add +26.7% 5.80% −2.55
IAU iShares Gold Trust Add +12.7% 27.76% −13.57

Options Activity Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -4.8% 100,000 $54.4M
SLV iShares Silver Trust call Add +61.7% 1,245,000 $33.1M
GLD SPDR Gold Shares call Sold out 100,000 $20.6Mbefore exit
GDX Vaneck Gold Miners ETF call Reduce -68.1% 110,000 $3.7M
HUM Humana Inc. call Sold out 10,000 $3.5Mbefore exit
MIND MEDICINE MINDMED INC call Sold out 30,000 $282Kbefore exit

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

Notes & Other Activity Q1 2024 → Q2 2024
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal Sold out 3,480,000 $3.2Mbefore exit
OIL STATES INTL INC (OIS 4.75 04/01/26) NOTE 4.750% 4/0 · principal Add +50.0% 3,000,000 $2.9M
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal Add +66.7% 2,500,000 $1.9M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 35$31.7MGDX, XLV, TCOM, ECH, EXE
Q1 2026 16$15.1MGDX, HYG, KWEB, ECH, NU
Q4 2025 28$40.7MIAU, CEF, AR, ELS, CRM
Q3 2025 29$39.6MIAU, CEF, XLV, ELS, NVO
Q2 2025 22$26.9MIAU, CEF, KWEB, PRGO, EWZ
Q1 2025 35$37.5MIAU, CEF, PSLV, VICI, LH
Q4 2024 22$29.1MIAU, VICI, CEF, PSLV, LH
Q3 2024 22$23.1MIAU, SLV, CEF, XBI, XLV
Q2 2024 30$28.2MIAU, CEF, VNQ, PSQ, NUGT
Q1 2024 22$16.1MIAU, CEF, VICI, DAL, HUM