In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Fore Capital, LLC reported 22 stock positions worth $23.1 million . Its top holding was iShares Gold Trust (IAU) at 38.3% of the portfolio, followed by iShares Silver Trust (SLV, 12.3% ) and Sprott Physical Gold and Sil (CEF, 11.7% ). Compared with Q2 2024, it opened 7 new positions, sold out of 15 and added to 9. The biggest buy was a new position in SS SPDR S&P Biotech ETF (XBI) and the biggest sale an exit from Vanguard Real Estate ETF (VNQ).
Location New York, NY
CIK 0001714672
Portfolio Value $23.1M (Q3 2024) Holdings 22 stocks · $23.1M 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 Q2 2024 IAU iShares Gold Trust 178,000 $8.8M No change SLV iShares Silver Trust 100,000 $2.8M Add +100.0% CEF Sprott Physical Gold and Sil 110,000 $2.7M No change XBI SS SPDR S&P Biotech ETF 25,000 $2.5M New XLV SS Health Care Select Sector 10,000 $1.5M New BLCO Bausch + Lomb Corp. 52,614 $1.0M Add +24.7% PRGO Perrigo Co. PLC 28,000 $734K New ALB Albemarle Corp. 4,500 $426K New EAF Graftech International Ltd. 320,000 $422K Add +45.5% SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 10,000 $417K New PGEN Precigen Inc. 306,811 $291K Add +48.4% CMPS Compass Pathways PLC 35,000 $221K Add +16.7% CTGO Contango Silver & Gold Inc. 11,100 $214K No change DADA Dada Nexus Ltd.-ADR 90,000 $171K Add +100.0% MIND MEDICINE MINDMED INC 30,000 $171K Add +100.0% HELP Cybin Inc. 18,421 $164K New LAR Lithium Americas Argentina C 40,000 $130K New CTEV Claritev Corp. filed as MULTIPLAN CORPORATION 14,875 $114K Add +526.3% HYMC Hycroft Mining Holding Co. Class A 40,000 $100K No change LUMINAR TECHNOLOGIES INC 60,000 $54K Add +33.3% BMRA Biomerica Inc. 59,680 $20K No change CCO Clear Channel Outdoor Holdin 10,000 $16K No change
Options reported separately and not counted above: SPY puts ($91.8M), GLD calls ($57.1M), SLV calls ($23.3M), GDX calls ($8.0M), KWEB calls ($3.4M), FXI calls ($3.2M).
Other holdings (14): bonds, preferreds, convertibles and warrants · $28.9M (not counted above) Security Class Shares / Principal Value Change ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 5,000,000 $4.1M New H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 3,000,000 $3.5M New OIL STATES INTL INC (OIS 4.75 04/01/26) NOTE 4.750% 4/0 · principal 3,000,000 $2.9M No change NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 3,000,000 $2.9M Add +50.0% RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal 3,000,000 $2.8M Add +50.0% ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 2,000,000 $2.1M New PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 2,000,000 $2.0M New GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 2,500,000 $2.0M No change BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 2,000,000 $1.8M No change FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) NOTE 0.375% 1/1 · principal 1,500,000 $1.3M No change LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 1,560,000 $1.2M Add +56.0% DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 1,000,000 $888K No change WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) NOTE 1.750% 5/0 · principal 1,000,000 $702K New WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal 1,500,000 $597K No change
Total filed on the 13F, all lines: $51.9M.
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ VNQ Vanguard Real Estate ETF Sold out 0.00% −8.03 PSQ Proshares Short QQQ Sold out 0.00% −6.47 NUGT Dirxn DLY GM Indx B2X ETF-Ui Sold out 0.00% −6.00 VICI Vici Properties Inc. Sold out 0.00% −5.80 ARE Alexandria Real Estate Equit Sold out 0.00% −5.61 TM Toyota Motor Corp. -Spon ADR Sold out 0.00% −5.09 BABA Alibaba Group Holding-SP ADR Sold out 0.00% −3.58 JD Jd.com Inc.-ADR Sold out 0.00% −3.44 FTRE Fortrea Holdings Inc. Sold out 0.00% −2.07 WBD Warner Bros Discovery Inc. Sold out 0.00% −1.69 CUZ Cousins Properties Inc. Sold out 0.00% −1.32 STAG Stag Industrial Inc. Sold out 0.00% −1.28 PDD PDD Holdings Inc. Sold out 0.00% −0.94 NG Novagold Resources Inc. Sold out 0.00% −0.37 VISN Vistance Networks Inc. Sold out 0.00% −0.33
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ XBI SS SPDR S&P Biotech ETF New 10.71% +10.71 SLV iShares Silver Trust Add +100.0% 12.31% +7.60 XLV SS Health Care Select Sector New 6.68% +6.68 PRGO Perrigo Co. PLC New 3.18% +3.18 BLCO Bausch + Lomb Corp. Add +24.7% 4.40% +2.22 ALB Albemarle Corp. New 1.85% +1.85 SQM Quimica Y Minera Chil-SP ADR New 1.81% +1.81 EAF Graftech International Ltd. Add +45.5% 1.83% +1.07 HELP Cybin Inc. New 0.71% +0.71 LAR Lithium Americas Argentina C New 0.57% +0.57 DADA Dada Nexus Ltd.-ADR Add +100.0% 0.74% +0.54 CTEV Claritev Corp. Add +526.3% 0.49% +0.36 MIND MEDICINE MINDMED INC Add +100.0% 0.74% +0.36 CMPS Compass Pathways PLC Add +16.7% 0.96% +0.31 PGEN Precigen Inc. Add +48.4% 1.26% +0.10 LUMINAR TECHNOLOGIES INC Add +33.3% 0.23% −0.00
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +60.0% 160,000 $91.8M GLD SPDR Gold Shares call New 235,000 $57.1M SLV iShares Silver Trust call Reduce -34.1% 820,000 $23.3M GDX Vaneck Gold Miners ETF call Add +81.8% 200,000 $8.0M KWEB Kranesh Csi China Internet call New 100,000 $3.4M FXI iShares China Large-Cap ETF call New 100,000 $3.2M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal New 5,000,000 $4.1M SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal Sold out 3,760,000 $3.6Mbefore exit OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal Sold out 3,880,000 $3.6Mbefore exit H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal New 3,000,000 $3.5M BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal Sold out 3,500,000 $3.1Mbefore exit LIBERTY LATIN AMERICA (LILAK 2 07/15/24) NOTE 2.000% 7/1 · principal Sold out 3,000,000 $3.0Mbefore exit NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal Add +50.0% 3,000,000 $2.9M RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal Add +50.0% 3,000,000 $2.8M CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal Sold out 3,000,000 $2.7Mbefore exit CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal Sold out 3,000,000 $2.6Mbefore exit UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal Sold out 3,000,000 $2.6Mbefore exit BOX INC (BOX 0 01/15/26) NOTE 1/1 · principal Sold out 2,000,000 $2.3Mbefore exit ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal New 2,000,000 $2.1M PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal New 2,000,000 $2.0M LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal Add +56.0% 1,560,000 $1.2M WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) NOTE 1.750% 5/0 · principal New 1,000,000 $702K DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal Sold out 500,000 $457Kbefore exit
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