Hedges Asset Management LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Hedges Asset Management LLC reported 113 stock positions worth $142.7 million. Its top holding was Glacier Bancorp (GBCI) at 8.6% of the portfolio, followed by General Electric (GE, 5.5%) and Shell PLC-ADR (SHEL, 3.3%). Compared with Q4 2023, it opened 11 new positions, sold out of 4, added to 23 and reduced 31. The biggest buy was a new position in Barclays PLC-Spons ADR (BCS) and the biggest sale an exit from VF (VFC).

Most Recent 13F
Q2 2026
Location
RENO, NV
CIK
0001906202
Portfolio Value
$142.7M (Q1 2024)
SEC Filing
0001906202-24-000002 ↗ filed Apr 24, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $142.7M $142.7M Q1 2024 Q2 2024: $139.3M Q2 2024 Q3 2024: $151.1M Q3 2024 Q4 2024: $151.5M Q4 2024 Q1 2025: $152.2M Q1 2025 Q2 2025: $124.5M Q2 2025 Q3 2025: $130.6M Q3 2025 Q4 2025: $141.8M Q4 2025 Q2 2026: $152.4M Q2 2026

Holdings 113 stocks · $142.7M
GBCI Glacier Bancorp Inc. 8.59% 304,323 $12.3M No change
GE General Electric 5.47% 44,475 $7.8M Reduce -9.2%
SHEL Shell PLC-ADR 3.33% 70,850 $4.7M No change
GLPI Gaming and Leisure Propertie 3.09% 95,760 $4.4M No change
PENN Penn Entertainment Inc. 2.81% 220,450 $4.0M Add +10.3%
UBER Uber Technologies Inc. 2.35% 43,600 $3.4M No change
BP BP PLC-Spons ADR 2.28% 86,499 $3.3M Add +0.7%
ARCO Arcos Dorados Holdings Inc. Class A 2.17% 279,000 $3.1M No change
BA The Boeing Co. 2.07% 15,300 $3.0M Add +125.5%
LUV Southwest Airlines Co. 1.90% 92,900 $2.7M Add +127.1%
PROSHARES SHORT QQQ 1.77% 288,000 $2.5M Add +1.1%
VZ Verizon Communications Inc. 1.75% 59,650 $2.5M Reduce -6.9%
WYNN WYNN Resorts Ltd. 1.73% 24,215 $2.5M Add +1.7%
MRK Merck & Co. Inc. 1.67% 18,050 $2.4M No change
SHAK Shake Shack Inc. Class A 1.65% 22,600 $2.4M Reduce -8.1%
WFC Wells Fargo & Co. 1.63% 40,100 $2.3M No change
VGK Vanguard Ftse Europe ETF 1.62% 34,400 $2.3M No change
LYFT LYFT Inc. Class A 1.61% 119,000 $2.3M Reduce -0.5%
INTC Intel Corp. 1.58% 51,000 $2.3M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.56% 40,500 $2.2M No change
FDX FedEx Corp. 1.54% 7,575 $2.2M No change
NTNX Nutanix Inc. Class A 1.50% 34,700 $2.1M Reduce -14.7%
CVX Chevron Corp. 1.50% 13,542 $2.1M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.47% 11,000 $2.1M Reduce -0.9%
HWM Howmet Aerospace Inc. 1.39% 29,050 $2.0M Reduce -1.4%
PHYS Sprott Physical Gold Trust 1.20% 99,000 $1.7M No change
UL Unilever PLC 1.19% 33,950 $1.7M Add +6.3%
KHC The Kraft Heinz Co. 1.18% 45,450 $1.7M Add +71.8%
UPS United Parcel Service Class B 1.17% 11,200 $1.7M No change
L Loews Corp. 1.15% 21,000 $1.6M No change
GDX Vaneck Gold Miners ETF 1.11% 49,900 $1.6M No change
DD Dupont DE Nemours Inc. 1.09% 20,313 $1.6M Reduce -5.4%
SCHW Schwab (charles) Corp. 1.06% 21,000 $1.5M No change
LIND Lindblad Expeditions Holding 1.02% 156,500 $1.5M Add +17.9%
BCS Barclays PLC-Spons ADR 1.02% 154,400 $1.5M New
GEHC GE Healthcare Technology 0.97% 15,191 $1.4M Reduce -6.4%
CNK Cinemark Holdings Inc. 0.96% 76,500 $1.4M Reduce -6.7%
IMAX Imax Corp. 0.94% 83,100 $1.3M New
CRSP Crispr Therapeutics AG 0.93% 19,375 $1.3M Reduce -9.4%
BMY Bristol-Myers Squibb Co. 0.91% 23,950 $1.3M Add +7.9%
BKD Brookdale Senior Living Inc. 0.84% 182,000 $1.2M No change
ELAN Elanco Animal Health Inc. 0.84% 73,400 $1.2M Reduce -2.8%
MAG Mag Silver Corp. 0.77% 103,900 $1.1M Add +64.9%
VTRS Viatris Inc. 0.77% 92,000 $1.1M Add +9.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.75% 28,300 $1.1M Add +11.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.73% 8,525 $1.0M Add +3.3%
JPM JPMorgan Chase & Co. 0.72% 5,100 $1.0M No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.71% 20,500 $1.0M No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.69% 74,200 $985K Reduce -1.3%
WMB Williams Cos Inc. 0.67% 24,400 $951K No change
WBD Warner Bros Discovery Inc. 0.66% 108,000 $943K Add +71.4%
MGM MGM Resorts International 0.63% 19,000 $897K No change
DOW Dow Inc. 0.62% 15,200 $881K Reduce -1.3%
GT Goodyear Tire & Rubber Co. 0.57% 59,700 $820K Add +20.1%
EUFN iShares MSCI Europe Financia 0.56% 35,000 $796K No change
WRK Westrock Co. 0.55% 15,800 $781K Reduce -13.2%
FMC FMC Corp. 0.53% 11,800 $752K Add +5.4%
NEM Newmont Corp. 0.52% 20,750 $744K Add +36.1%
NGD New Gold Inc. 0.49% 412,500 $701K Reduce -1.2%
B Barrick Gold Corp. 0.48% 41,500 $691K Reduce -0.5%
TGT Target Corp. 0.48% 3,850 $682K New
DFE Wisdomtree Eur S/C Dividend 0.42% 10,000 $597K Reduce -9.1%
RSP Invesco S&P 500 Equal Weight 0.42% 3,500 $593K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.41% 6,800 $585K No change
CTVA Corteva Inc. 0.40% 9,865 $569K No change
HMC Honda Motor Co. Ltd.-Spons ADR 0.39% 15,100 $562K No change
ALK Alaska Air Group Inc. 0.38% 12,750 $548K Add +4.1%
CNH CNH Industrial NV 0.38% 42,000 $544K No change
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.36% 300 $511K New
PSLV Sprott Physical Silver Trust 0.35% 61,000 $506K No change
KWEB Kranesh Csi China Internet 0.33% 18,100 $475K Add +37.1%
EBAY eBay Inc. 0.33% 9,000 $475K No change
KO The Coca-Cola Co. 0.33% 7,600 $465K No change
BIDU Baidu Inc. - Spon ADR 0.31% 4,225 $445K Add +44.4%
OGN Organon & Co. 0.30% 22,500 $423K Reduce -19.5%
PARAA Paramount Global Class B 0.29% 35,700 $420K Add +4.7%
MMM 3M Co. 0.29% 3,950 $419K Reduce -9.2%
JNJ Johnson & Johnson 0.28% 2,500 $395K New
EW Edwards Lifesciences Corp. 0.26% 3,900 $373K New
ONON On Holding AG Class A filed as ON HLDG AG 0.26% 10,300 $364K Add +21.2%
WAB Wabtec Corp. 0.26% 2,500 $364K Reduce -2.0%
IEV iShares Europe ETF 0.25% 6,500 $362K No change
FIGS Figs Inc. Class A 0.25% 72,000 $359K New
MDT Medtronic PLC 0.25% 4,100 $357K Reduce -4.7%
T AT&T Inc. 0.24% 19,500 $343K No change
SKX Skechers USA Inc. Class A 0.23% 5,300 $325K No change
ARMK Aramark 0.22% 9,500 $309K No change
COP Conocophillips 0.21% 2,400 $305K No change
AMRX Amneal Pharmaceuticals Inc. 0.21% 50,000 $303K Reduce -40.9%
PYPL PayPal Holdings Inc. 0.21% 4,500 $301K New
BROS Dutch Bros Inc. Class A 0.21% 8,900 $294K Reduce -4.3%
SLV iShares Silver Trust 0.20% 12,500 $284K No change
MCD McDonald's Corp. 0.20% 1,000 $282K Reduce -23.1%
GM General Motors Co. 0.20% 6,200 $281K No change
CCL Carnival Corp. 0.19% 17,000 $278K No change
BABA Alibaba Group Holding-SP ADR 0.19% 3,825 $277K Reduce -0.7%
FXI iShares China Large-Cap ETF 0.19% 11,400 $274K New
VEU Vanguard Ftse All-World Ex-U 0.19% 4,600 $270K No change
MSOS Advisorshares Pure US Cann 0.19% 26,500 $265K Reduce -11.7%
FEZ State Street SPDR Euro Stoxx 0.18% 5,000 $263K No change
ROG Rogers Corp. 0.17% 2,100 $249K New
FNV Franco-Nevada Corp. 0.17% 2,000 $238K No change
AXONICS INC 0.17% 3,450 $238K Reduce -59.9%
KMI Kinder Morgan Inc. 0.16% 12,500 $229K No change
AI C3.AI Inc. Class A 0.16% 8,400 $227K Reduce -48.5%
SGOL Abrdn Physical Gold Shares 0.15% 10,000 $212K No change
CCJ Cameco Corp. 0.15% 4,900 $212K Reduce -2.0%
TRIP Tripadvisor Inc. 0.15% 7,500 $208K Reduce -57.1%
VEA Vanguard Ftse Developed ETF 0.14% 4,000 $201K New
LOCO El Pollo Loco Holdings Inc. 0.10% 15,000 $146K No change
LAC Lithium Americas Corp. 0.08% 17,500 $118K No change
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.07% 18,000 $99K No change
FLG New York Community Bancorp 0.05% 20,000 $64K No change

Portfolio Sells Q4 2023 → Q1 2024
VFC VF Corp. Sold out 0.00% −0.26
AXONICS INC Reduce -59.9% 0.17% −0.25
DVN Devon Energy Corp. Sold out 0.00% −0.21
AI C3.AI Inc. Class A Reduce -48.5% 0.16% −0.21
DD Dupont DE Nemours Inc. Reduce -5.4% 1.09% −0.20
GOOG Alphabet Inc. Class C Sold out 0.00% −0.20
AMRX Amneal Pharmaceuticals Inc. Reduce -40.9% 0.21% −0.19
DAL Delta Air Lines Inc. Sold out 0.00% −0.18
TRIP Tripadvisor Inc. Reduce -57.1% 0.15% −0.15
VZ Verizon Communications Inc. Reduce -6.9% 1.75% −0.13
CRSP Crispr Therapeutics AG Reduce -9.4% 0.93% −0.12
B Barrick Gold Corp. Reduce -0.5% 0.48% −0.11
MCD McDonald's Corp. Reduce -23.1% 0.20% −0.10
DFE Wisdomtree Eur S/C Dividend Reduce -9.1% 0.42% −0.09
MMM 3M Co. Reduce -9.2% 0.29% −0.08
WRK Westrock Co. Reduce -13.2% 0.55% −0.04
DOW Dow Inc. Reduce -1.3% 0.62% −0.04
ELAN Elanco Animal Health Inc. Reduce -2.8% 0.84% −0.04
BABA Alibaba Group Holding-SP ADR Reduce -0.7% 0.19% −0.04
MDT Medtronic PLC Reduce -4.7% 0.25% −0.03
F Ford Motor Co. Reduce -1.3% 0.69% −0.03
BROS Dutch Bros Inc. Class A Reduce -4.3% 0.21% −0.02
CCJ Cameco Corp. Reduce -2.0% 0.15% −0.02
OGN Organon & Co. Reduce -19.5% 0.30% −0.02
NTNX Nutanix Inc. Class A Reduce -14.7% 1.50% −0.02
GEHC GE Healthcare Technology Reduce -6.4% 0.97% −0.01
WAB Wabtec Corp. Reduce -2.0% 0.26% +0.00
NGD New Gold Inc. Reduce -1.2% 0.49% +0.02
MSOS Advisorshares Pure US Cann Reduce -11.7% 0.19% +0.02
IBM Intl Business Machines Corp. Reduce -0.9% 1.47% +0.05
CNK Cinemark Holdings Inc. Reduce -6.7% 0.96% +0.06
HWM Howmet Aerospace Inc. Reduce -1.4% 1.39% +0.15
LYFT LYFT Inc. Class A Reduce -0.5% 1.61% +0.21
SHAK Shake Shack Inc. Class A Reduce -8.1% 1.65% +0.22
GE General Electric Reduce -9.2% 5.47% +0.59

Portfolio Buys Q4 2023 → Q1 2024
BCS Barclays PLC-Spons ADR New 1.02% +1.02
LUV Southwest Airlines Co. Add +127.1% 1.90% +0.98
IMAX Imax Corp. New 0.94% +0.94
BA The Boeing Co. Add +125.5% 2.07% +0.69
TGT Target Corp. New 0.48% +0.48
KHC The Kraft Heinz Co. Add +71.8% 1.18% +0.41
MSTR Strategy Inc. New 0.36% +0.36
JNJ Johnson & Johnson New 0.28% +0.28
EW Edwards Lifesciences Corp. New 0.26% +0.26
MAG Mag Silver Corp. Add +64.9% 0.77% +0.26
FIGS Figs Inc. Class A New 0.25% +0.25
PYPL PayPal Holdings Inc. New 0.21% +0.21
FXI iShares China Large-Cap ETF New 0.19% +0.19
ROG Rogers Corp. New 0.17% +0.17
DIS The Walt Disney Co. Add +3.3% 0.73% +0.15
VEA Vanguard Ftse Developed ETF New 0.14% +0.14
WBD Warner Bros Discovery Inc. Add +71.4% 0.66% +0.10
BAC Bank of America Corp. Add +11.9% 0.75% +0.09
ONON On Holding AG Class A Add +21.2% 0.26% +0.08
VTRS Viatris Inc. Add +9.5% 0.77% +0.06
KWEB Kranesh Csi China Internet Add +37.1% 0.33% +0.05
BIDU Baidu Inc. - Spon ADR Add +44.4% 0.31% +0.04
WYNN WYNN Resorts Ltd. Add +1.7% 1.73% +0.04
NEM Newmont Corp. Add +36.1% 0.52% +0.03
BMY Bristol-Myers Squibb Co. Add +7.9% 0.91% +0.02
GT Goodyear Tire & Rubber Co. Add +20.1% 0.57% +0.02
ALK Alaska Air Group Inc. Add +4.1% 0.38% +0.01
UL Unilever PLC Add +6.3% 1.19% −0.02
FMC FMC Corp. Add +5.4% 0.53% −0.03
BP BP PLC-Spons ADR Add +0.7% 2.28% −0.09
PARAA Paramount Global Class B Add +4.7% 0.29% −0.10
LIND Lindblad Expeditions Holding Add +17.9% 1.02% −0.15
PROSHARES SHORT QQQ Add +1.1% 1.77% −0.34
PENN Penn Entertainment Inc. Add +10.3% 2.81% −1.25

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$152.4MGBCI, GE, BA, INTC, LUV
Q4 2025 108$141.8MGBCI, GE, BA, SHEL, LUV
Q3 2025 102$130.6MGBCI, GE, BA, SHEL, GLPI
Q2 2025 101$124.5MGBCI, GE, BA, SHEL, GLPI
Q1 2025 108$152.2MGBCI, GE, BA, SHEL, LUV
Q4 2024 110$151.5MGBCI, GE, BA, LUV, SHEL
Q3 2024 112$151.1MGBCI, GE, SHEL, GLPI, LUV
Q2 2024 111$139.3MGBCI, GE, SHEL, GLPI, PENN
Q1 2024 113$142.7MGBCI, GE, SHEL, GLPI, PENN