Hedges Asset Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), Hedges Asset Management LLC reported 112 stock positions worth $151.1 million. Its top holding was Glacier Bancorp (GBCI) at 9.0% of the portfolio, followed by General Electric (GE, 4.7%) and Shell PLC-ADR (SHEL, 3.2%). Compared with Q2 2024, it opened 5 new positions, sold out of 4, added to 27 and reduced 31. The biggest buy was a new position in Weyerhaeuser (WY) and the biggest sale an exit from Westrock (WRK).

Most Recent 13F
Q2 2026
Location
RENO, NV
CIK
0001906202
Portfolio Value
$151.1M (Q3 2024)
SEC Filing
0001906202-24-000004 ↗ filed Oct 24, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $142.7M Q1 2024 Q2 2024: $139.3M Q2 2024 Q3 2024: $151.1M $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 112 stocks · $151.1M
GBCI Glacier Bancorp Inc. 8.98% 296,823 $13.6M Reduce -1.7%
GE General Electric filed as GE AEROSPACE 4.68% 37,525 $7.1M Reduce -5.5%
SHEL Shell PLC-ADR 3.16% 72,350 $4.8M Add +3.6%
GLPI Gaming and Leisure Propertie 3.09% 90,760 $4.7M No change
LUV Southwest Airlines Co. 2.62% 133,400 $4.0M Add +23.6%
BA The Boeing Co. 2.60% 25,875 $3.9M Add +32.2%
PENN Penn Entertainment Inc. 2.50% 200,250 $3.8M Reduce -1.3%
PSQ Proshares Short QQQ 2.41% 92,500 $3.6M Add +37.9%
ARCO Arcos Dorados Holdings Inc. Class A 1.91% 331,500 $2.9M Add +18.8%
BP BP PLC-Spons ADR 1.85% 89,148 $2.8M Add +2.3%
WYNN WYNN Resorts Ltd. 1.84% 29,015 $2.8M Add +20.6%
UL Unilever PLC 1.82% 42,300 $2.7M No change
UBER Uber Technologies Inc. 1.74% 34,900 $2.6M Reduce -13.0%
VZ Verizon Communications Inc. 1.73% 58,050 $2.6M No change
VGK Vanguard Ftse Europe ETF 1.58% 33,500 $2.4M No change
SHAK Shake Shack Inc. Class A 1.54% 22,500 $2.3M Reduce -0.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.46% 10,000 $2.2M Reduce -9.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.42% 51,200 $2.1M Add +26.4%
NTNX Nutanix Inc. Class A 1.35% 34,400 $2.0M Reduce -0.3%
FDX FedEx Corp. 1.31% 7,250 $2.0M Reduce -4.3%
CVX Chevron Corp. 1.29% 13,212 $1.9M Reduce -2.4%
PHYS Sprott Physical Gold Trust 1.28% 95,000 $1.9M No change
MRK Merck & Co. Inc. 1.28% 17,000 $1.9M No change
WFC Wells Fargo & Co. 1.27% 34,100 $1.9M No change
BMY Bristol-Myers Squibb Co. 1.27% 37,100 $1.9M Reduce -3.9%
GEV GE Vernova Inc. 1.26% 7,475 $1.9M Reduce -21.6%
GDX Vaneck Gold Miners ETF 1.25% 47,400 $1.9M Reduce -5.0%
BCS Barclays PLC-Spons ADR 1.23% 153,300 $1.9M No change
KHC The Kraft Heinz Co. 1.17% 50,450 $1.8M No change
LIND Lindblad Expeditions Holding 1.16% 189,500 $1.8M Reduce -3.1%
IMAX Imax Corp. 1.10% 81,100 $1.7M Reduce -2.4%
L Loews Corp. 1.10% 21,000 $1.7M No change
TSN Tyson Foods Inc. Class A 1.07% 27,200 $1.6M Add +15.7%
CNK Cinemark Holdings Inc. 1.05% 57,000 $1.6M Reduce -24.5%
LYFT LYFT Inc. Class A 1.05% 124,000 $1.6M Add +4.2%
INTC Intel Corp. 1.04% 67,200 $1.6M Add +31.8%
UPS United Parcel Service Class B 1.01% 11,200 $1.5M No change
DD Dupont DE Nemours Inc. 1.00% 17,000 $1.5M Reduce -13.7%
BKD Brookdale Senior Living Inc. 0.93% 207,000 $1.4M Add +13.7%
ELAN Elanco Animal Health Inc. 0.93% 95,500 $1.4M Add +33.8%
SCHW Schwab (charles) Corp. 0.90% 21,000 $1.4M No change
MAG Mag Silver Corp. 0.89% 95,300 $1.3M Reduce -0.5%
GEHC GE Healthcare Technology 0.88% 14,175 $1.3M Reduce -6.7%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.85% 30,700 $1.3M Add +12.9%
VTRS Viatris Inc. 0.82% 107,000 $1.2M Add +4.4%
NGD New Gold Inc. 0.79% 412,500 $1.2M No change
HWM Howmet Aerospace Inc. 0.77% 11,600 $1.2M Reduce -21.1%
WMB Williams Cos Inc. 0.74% 24,400 $1.1M No change
CRSP Crispr Therapeutics AG 0.72% 23,150 $1.1M Add +6.2%
DOW Dow Inc. 0.71% 19,700 $1.1M Add +34.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.70% 26,600 $1.1M Reduce -1.1%
FMC FMC Corp. 0.70% 16,000 $1.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.67% 10,450 $1.0M Add +13.6%
NEM Newmont Corp. 0.63% 17,850 $954K Reduce -13.1%
NVST Envista Holdings Corp. 0.61% 46,800 $925K Add +46.3%
JPM JPMorgan Chase & Co. 0.60% 4,300 $907K Reduce -15.7%
EUFN iShares MSCI Europe Financia 0.57% 35,000 $866K No change
FIGS Figs Inc. Class A 0.57% 126,500 $865K No change
GT Goodyear Tire & Rubber Co. 0.57% 97,000 $858K Add +54.2%
F Ford Motor Co. filed as FORD MTR CO 0.57% 81,200 $857K Add +17.3%
B Barrick Gold Corp. 0.52% 39,500 $786K Reduce -1.3%
CNH CNH Industrial NV 0.51% 70,000 $777K Add +4.5%
WY Weyerhaeuser Co. 0.49% 22,000 $745K New
MGM MGM Resorts International 0.49% 19,000 $743K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.44% 6,300 $661K No change
WBD Warner Bros Discovery Inc. 0.43% 78,000 $644K Reduce -28.4%
DFE Wisdomtree Eur S/C Dividend 0.42% 10,000 $635K No change
RSP Invesco S&P 500 Equal Weight 0.42% 3,500 $627K No change
TGT Target Corp. 0.41% 3,950 $616K Add +2.6%
KWEB Kranesh Csi China Internet 0.41% 18,000 $612K No change
ALK Alaska Air Group Inc. 0.37% 12,500 $565K No change
PSLV Sprott Physical Silver Trust 0.37% 54,000 $564K No change
MMM 3M Co. 0.34% 3,800 $519K No change
JNJ Johnson & Johnson 0.34% 3,200 $519K No change
ONON On Holding AG Class A filed as ON HLDG AG 0.34% 10,100 $507K Reduce -1.9%
HMC Honda Motor Co. Ltd.-Spons ADR 0.31% 14,600 $463K No change
BABA Alibaba Group Holding-SP ADR 0.27% 3,775 $401K Add +2.7%
IEV iShares Europe ETF 0.25% 6,500 $379K No change
T AT&T Inc. 0.25% 17,000 $374K No change
KO The Coca-Cola Co. 0.25% 5,200 $374K Reduce -31.6%
BROS Dutch Bros Inc. Class A 0.24% 11,400 $365K Add +28.1%
FXI iShares China Large-Cap ETF 0.24% 11,400 $362K No change
ABNB Airbnb Inc. Class A 0.24% 2,850 $361K New
BIDU Baidu Inc. - Spon ADR 0.24% 3,425 $361K Reduce -18.0%
SLV iShares Silver Trust 0.24% 12,500 $355K No change
SKX Skechers USA Inc. Class A 0.23% 5,300 $355K No change
MDT Medtronic PLC 0.23% 3,900 $351K No change
OGN Organon & Co. 0.22% 17,500 $335K Reduce -22.2%
PARAA Paramount Global Class B 0.22% 30,700 $326K No change
PYPL PayPal Holdings Inc. 0.21% 4,100 $320K Reduce -6.8%
MCD McDonald's Corp. 0.20% 1,000 $305K No change
WAB Wabtec Corp. 0.20% 1,650 $300K No change
ROG Rogers Corp. 0.19% 2,600 $294K Add +23.8%
ARMK Aramark 0.19% 7,500 $290K No change
VEU Vanguard Ftse All-World Ex-U 0.19% 4,600 $290K No change
KMI Kinder Morgan Inc. 0.18% 12,500 $276K No change
FEZ State Street SPDR Euro Stoxx 0.18% 5,000 $266K No change
EBAY eBay Inc. 0.17% 4,000 $260K Reduce -55.6%
EW Edwards Lifesciences Corp. 0.17% 3,900 $257K No change
COP Conocophillips 0.17% 2,400 $253K No change

Show all 112 holdings

Options reported separately and not counted above: NEM calls ($2K), SHAK calls ($2K), SLB calls ($1K), CRSP calls ($564), MAG calls ($476).

Portfolio Sells Q2 2024 → Q3 2024
WRK Westrock Co. Sold out 0.00% −0.54
UBER Uber Technologies Inc. Reduce -13.0% 1.74% −0.36
PENN Penn Entertainment Inc. Reduce -1.3% 2.50% −0.32
FDX FedEx Corp. Reduce -4.3% 1.31% −0.32
CVX Chevron Corp. Reduce -2.4% 1.29% −0.23
CCL Carnival Corp. Sold out 0.00% −0.23
CTVA Corteva Inc. Reduce -56.0% 0.16% −0.20
LIND Lindblad Expeditions Holding Reduce -3.1% 1.16% −0.19
GM General Motors Co. Sold out 0.00% −0.19
EBAY eBay Inc. Reduce -55.6% 0.17% −0.17
WBD Warner Bros Discovery Inc. Reduce -28.4% 0.43% −0.16
AXONICS INC Sold out 0.00% −0.15
JPM JPMorgan Chase & Co. Reduce -15.7% 0.60% −0.14
DD Dupont DE Nemours Inc. Reduce -13.7% 1.00% −0.14
CNK Cinemark Holdings Inc. Reduce -24.5% 1.05% −0.12
OGN Organon & Co. Reduce -22.2% 0.22% −0.11
KO The Coca-Cola Co. Reduce -31.6% 0.25% −0.10
BAC Bank of America Corp. Reduce -1.1% 0.70% −0.07
NTNX Nutanix Inc. Class A Reduce -0.3% 1.35% −0.06
HWM Howmet Aerospace Inc. Reduce -21.1% 0.77% −0.05
BIDU Baidu Inc. - Spon ADR Reduce -18.0% 0.24% −0.02
NEM Newmont Corp. Reduce -13.1% 0.63% +0.01
PYPL PayPal Holdings Inc. Reduce -6.8% 0.21% +0.03
GEHC GE Healthcare Technology Reduce -6.7% 0.88% +0.03
GDX Vaneck Gold Miners ETF Reduce -5.0% 1.25% +0.03
B Barrick Gold Corp. Reduce -1.3% 0.52% +0.04
ONON On Holding AG Class A Reduce -1.9% 0.34% +0.05
SHAK Shake Shack Inc. Class A Reduce -0.4% 1.54% +0.08
MAG Mag Silver Corp. Reduce -0.5% 0.89% +0.08
GEV GE Vernova Inc. Reduce -21.6% 1.26% +0.09
IBM Intl Business Machines Corp. Reduce -9.1% 1.46% +0.10
IMAX Imax Corp. Reduce -2.4% 1.10% +0.10
BMY Bristol-Myers Squibb Co. Reduce -3.9% 1.27% +0.12
GE General Electric Reduce -5.5% 4.68% +0.15
GBCI Glacier Bancorp Inc. Reduce -1.7% 8.98% +0.89

Portfolio Buys Q2 2024 → Q3 2024
WY Weyerhaeuser Co. New 0.49% +0.49
PSQ Proshares Short QQQ Add +37.9% 2.41% +0.46
LUV Southwest Airlines Co. Add +23.6% 2.62% +0.40
WYNN WYNN Resorts Ltd. Add +20.6% 1.84% +0.29
ABNB Airbnb Inc. Class A New 0.24% +0.24
NVST Envista Holdings Corp. Add +46.3% 0.61% +0.23
ELAN Elanco Animal Health Inc. Add +33.8% 0.93% +0.19
GVA Granite Construction Inc. New 0.16% +0.16
DOW Dow Inc. Add +34.0% 0.71% +0.15
VEA Vanguard Ftse Developed ETF New 0.14% +0.14
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.13% +0.13
ARCO Arcos Dorados Holdings Inc. Class A Add +18.8% 1.91% +0.11
TSN Tyson Foods Inc. Class A Add +15.7% 1.07% +0.11
BABA Alibaba Group Holding-SP ADR Add +2.7% 0.27% +0.08
GT Goodyear Tire & Rubber Co. Add +54.2% 0.57% +0.06
SQM Quimica Y Minera Chil-SP ADR Add +12.9% 0.85% +0.05
SLB SLB Ltd. Add +26.4% 1.42% +0.05
BA The Boeing Co. Add +32.2% 2.60% +0.05
LAC Lithium Americas Corp. Add +100.0% 0.09% +0.04
VTRS Viatris Inc. Add +4.4% 0.82% +0.04
BKD Brookdale Senior Living Inc. Add +13.7% 0.93% +0.04
CNH CNH Industrial NV Add +4.5% 0.51% +0.03
ROG Rogers Corp. Add +23.8% 0.19% +0.01
DIS The Walt Disney Co. Add +13.6% 0.67% +0.01
TGT Target Corp. Add +2.6% 0.41% −0.00
BROS Dutch Bros Inc. Class A Add +28.1% 0.24% −0.02
F Ford Motor Co. Add +17.3% 0.57% −0.06
INTC Intel Corp. Add +31.8% 1.04% −0.09
CRSP Crispr Therapeutics AG Add +6.2% 0.72% −0.13
LYFT LYFT Inc. Class A Add +4.2% 1.05% −0.16
BP BP PLC-Spons ADR Add +2.3% 1.85% −0.41
SHEL Shell PLC-ADR Add +3.6% 3.16% −0.46

Options Activity Q2 2024 → Q3 2024
NEM Newmont Corp. call New 29 $2K
SHAK Shake Shack Inc. Class A call New 15 $2K
SLB SLB Ltd. call New 25 $1K
CRSP Crispr Therapeutics AG call New 12 $564
MAG Mag Silver Corp. call New 25 $476

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

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