Hedges Asset Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 17, 2025), Hedges Asset Management LLC reported 110 stock positions worth $151.5 million. Its top holding was Glacier Bancorp (GBCI) at 9.5% of the portfolio, followed by General Electric (GE, 4.1%) and Boeing (BA, 3.7%). Compared with Q3 2024, it opened 3 new positions, sold out of 5, added to 29 and reduced 21. The biggest buy was Boeing (BA, shares +21%) and the biggest sale General Electric (GE, shares −1%).

Most Recent 13F
Q2 2026
Location
RENO, NV
CIK
0001906202
Portfolio Value
$151.5M (Q4 2024)
SEC Filing
0001667731-25-000062 ↗ filed Jan 17, 2025

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 Q3 2024 Q4 2024: $151.5M $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 110 stocks · $151.5M
GBCI Glacier Bancorp Inc. 9.45% 285,223 $14.3M Reduce -3.9%
GE General Electric filed as GE AEROSPACE 4.08% 37,025 $6.2M Reduce -1.3%
BA The Boeing Co. 3.67% 31,420 $5.6M Add +21.4%
LUV Southwest Airlines Co. 3.03% 136,700 $4.6M Add +2.5%
SHEL Shell PLC-ADR 3.01% 72,750 $4.6M Add +0.6%
GLPI Gaming and Leisure Propertie 2.81% 88,260 $4.3M Reduce -2.8%
PENN Penn Entertainment Inc. 2.68% 204,650 $4.1M Add +2.2%
PSQ Proshares Short QQQ 2.36% 95,700 $3.6M Add +3.5%
BP BP PLC-Spons ADR 1.86% 95,577 $2.8M Add +7.2%
SHAK Shake Shack Inc. Class A 1.78% 20,825 $2.7M Reduce -7.4%
WYNN WYNN Resorts Ltd. 1.64% 28,815 $2.5M Reduce -0.7%
ARCO Arcos Dorados Holdings Inc. Class A 1.63% 338,500 $2.5M Add +2.1%
UL Unilever PLC 1.58% 42,300 $2.4M No change
VZ Verizon Communications Inc. 1.56% 59,250 $2.4M Add +2.1%
LIND Lindblad Expeditions Holding 1.49% 190,000 $2.3M Add +0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.45% 10,000 $2.2M No change
IMAX Imax Corp. 1.41% 83,600 $2.1M Add +3.1%
VGK Vanguard Ftse Europe ETF 1.40% 33,500 $2.1M No change
UBER Uber Technologies Inc. 1.39% 34,900 $2.1M No change
NTNX Nutanix Inc. Class A 1.39% 34,400 $2.1M No change
BMY Bristol-Myers Squibb Co. 1.37% 36,600 $2.1M Reduce -1.4%
FDX FedEx Corp. 1.35% 7,250 $2.0M No change
BCS Barclays PLC-Spons ADR 1.34% 153,300 $2.0M No change
CVX Chevron Corp. 1.30% 13,600 $2.0M Add +2.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.30% 51,200 $2.0M No change
GEV GE Vernova Inc. 1.25% 5,775 $1.9M Reduce -22.7%
WFC Wells Fargo & Co. 1.23% 26,500 $1.9M Reduce -22.3%
CNK Cinemark Holdings Inc. 1.17% 57,000 $1.8M No change
PHYS Sprott Physical Gold Trust 1.15% 86,500 $1.7M Reduce -8.9%
MRK Merck & Co. Inc. 1.13% 17,250 $1.7M Add +1.5%
GDX Vaneck Gold Miners ETF 1.06% 47,400 $1.6M No change
LYFT LYFT Inc. Class A 1.04% 122,300 $1.6M Reduce -1.4%
L Loews Corp. 1.03% 18,500 $1.6M Reduce -11.9%
TSN Tyson Foods Inc. Class A 1.03% 27,200 $1.6M No change
SCHW Schwab (charles) Corp. 1.03% 21,000 $1.6M No change
KHC The Kraft Heinz Co. 1.02% 50,450 $1.5M No change
DOW Dow Inc. 0.98% 37,000 $1.5M Add +87.8%
UPS United Parcel Service Class B 0.93% 11,200 $1.4M No change
VTRS Viatris Inc. 0.89% 108,000 $1.3M Add +0.9%
ELAN Elanco Animal Health Inc. 0.88% 110,500 $1.3M Add +15.7%
BKD Brookdale Senior Living Inc. 0.88% 265,000 $1.3M Add +28.0%
WMB Williams Cos Inc. 0.87% 24,400 $1.3M No change
INTC Intel Corp. 0.87% 65,500 $1.3M Reduce -2.5%
MAG Mag Silver Corp. 0.86% 95,300 $1.3M No change
DD Dupont DE Nemours Inc. 0.82% 16,300 $1.2M Reduce -4.1%
HWM Howmet Aerospace Inc. 0.81% 11,200 $1.2M Reduce -3.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.75% 10,250 $1.1M Reduce -1.9%
F Ford Motor Co. filed as FORD MTR CO 0.74% 113,700 $1.1M Add +40.0%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.74% 30,700 $1.1M No change
GEHC GE Healthcare Technology 0.73% 14,175 $1.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.70% 24,000 $1.1M Reduce -9.8%
NVST Envista Holdings Corp. 0.68% 53,300 $1.0M Add +13.9%
NGD New Gold Inc. 0.68% 412,500 $1.0M No change
FMC FMC Corp. 0.64% 20,000 $972K Add +25.0%
CRSP Crispr Therapeutics AG 0.63% 24,350 $958K Add +5.2%
TGT Target Corp. 0.63% 7,050 $953K Add +78.5%
PPLT Abrdn Physical Platinum SHRS 0.61% 11,100 $922K New
NEM Newmont Corp. 0.55% 22,450 $836K Add +25.8%
EUFN iShares MSCI Europe Financia 0.54% 35,000 $816K No change
WBD Warner Bros Discovery Inc. 0.54% 77,000 $814K Reduce -1.3%
ALK Alaska Air Group Inc. 0.53% 12,500 $809K No change
HMC Honda Motor Co. Ltd.-Spons ADR 0.53% 28,000 $799K Add +91.8%
CNH CNH Industrial NV 0.52% 70,000 $793K No change
FIGS Figs Inc. Class A 0.52% 126,500 $783K No change
B Barrick Gold Corp. 0.49% 48,300 $749K Add +22.3%
GT Goodyear Tire & Rubber Co. 0.47% 79,000 $711K Reduce -18.6%
MGM MGM Resorts International 0.43% 19,000 $658K No change
WY Weyerhaeuser Co. 0.41% 22,000 $619K No change
RSP Invesco S&P 500 Equal Weight 0.40% 3,500 $613K No change
BROS Dutch Bros Inc. Class A 0.38% 11,100 $581K Reduce -2.6%
PARAA Paramount Global Class B 0.38% 55,200 $577K Add +79.8%
DFE Wisdomtree Eur S/C Dividend 0.37% 10,000 $566K No change
ONON On Holding AG Class A filed as ON HLDG AG 0.37% 10,100 $553K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.35% 6,300 $533K No change
KWEB Kranesh Csi China Internet 0.35% 18,000 $526K No change
PSLV Sprott Physical Silver Trust 0.34% 54,000 $521K No change
MMM 3M Co. 0.32% 3,800 $491K No change
JNJ Johnson & Johnson 0.31% 3,250 $470K Add +1.6%
NTR Nutrien Ltd. 0.31% 10,500 $470K New
T AT&T Inc. 0.26% 17,000 $387K No change
ABNB Airbnb Inc. Class A 0.25% 2,850 $375K No change
ROG Rogers Corp. 0.24% 3,550 $361K Add +36.5%
SKX Skechers USA Inc. Class A 0.24% 5,300 $356K No change
PYPL PayPal Holdings Inc. 0.23% 4,100 $350K No change
FXI iShares China Large-Cap ETF 0.23% 11,400 $347K No change
KMI Kinder Morgan Inc. 0.23% 12,500 $343K No change
IEV iShares Europe ETF 0.22% 6,500 $338K No change
SLV iShares Silver Trust 0.22% 12,500 $329K No change
BABA Alibaba Group Holding-SP ADR 0.22% 3,875 $329K Add +2.6%
KO The Coca-Cola Co. 0.21% 5,200 $324K No change
WAB Wabtec Corp. 0.21% 1,650 $313K No change
MDT Medtronic PLC 0.21% 3,900 $312K No change
MCD McDonald's Corp. 0.19% 1,000 $290K No change
EW Edwards Lifesciences Corp. 0.19% 3,900 $289K No change
BIDU Baidu Inc. - Spon ADR 0.18% 3,325 $280K Reduce -2.9%
VEU Vanguard Ftse All-World Ex-U 0.17% 4,600 $264K No change
GVA Granite Construction Inc. 0.17% 3,000 $263K No change
OGN Organon & Co. 0.17% 17,500 $261K No change
SGOL Abrdn Physical Gold Shares 0.17% 10,000 $251K No change
EBAY eBay Inc. 0.16% 4,000 $248K No change

Show all 110 holdings

Portfolio Sells Q3 2024 → Q4 2024
GE General Electric Reduce -1.3% 4.08% −0.61
JPM JPMorgan Chase & Co. Reduce -76.7% 0.16% −0.44
GLPI Gaming and Leisure Propertie Reduce -2.8% 2.81% −0.29
WYNN WYNN Resorts Ltd. Reduce -0.7% 1.64% −0.20
ARMK Aramark Sold out 0.00% −0.19
DD Dupont DE Nemours Inc. Reduce -4.1% 0.82% −0.18
INTC Intel Corp. Reduce -2.5% 0.87% −0.18
EEM iShares MSCI Emerging Market Sold out 0.00% −0.14
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.14
AI C3.AI Inc. Class A Sold out 0.00% −0.13
VBR Vngrd Mrngst SL-CP Val ETF-U Sold out 0.00% −0.13
PHYS Sprott Physical Gold Trust Reduce -8.9% 1.15% −0.13
GT Goodyear Tire & Rubber Co. Reduce -18.6% 0.47% −0.10
L Loews Corp. Reduce -11.9% 1.03% −0.06
BIDU Baidu Inc. - Spon ADR Reduce -2.9% 0.18% −0.05
WFC Wells Fargo & Co. Reduce -22.3% 1.23% −0.05
GEV GE Vernova Inc. Reduce -22.7% 1.25% −0.01
LYFT LYFT Inc. Class A Reduce -1.4% 1.04% −0.01
BAC Bank of America Corp. Reduce -9.8% 0.70% −0.00
HWM Howmet Aerospace Inc. Reduce -3.5% 0.81% +0.04
DIS The Walt Disney Co. Reduce -1.9% 0.75% +0.09
BMY Bristol-Myers Squibb Co. Reduce -1.4% 1.37% +0.10
WBD Warner Bros Discovery Inc. Reduce -1.3% 0.54% +0.11
BROS Dutch Bros Inc. Class A Reduce -2.6% 0.38% +0.14
SHAK Shake Shack Inc. Class A Reduce -7.4% 1.78% +0.25
GBCI Glacier Bancorp Inc. Reduce -3.9% 9.45% +0.48

Portfolio Buys Q3 2024 → Q4 2024
BA The Boeing Co. Add +21.4% 3.67% +1.07
PPLT Abrdn Physical Platinum SHRS New 0.61% +0.61
LUV Southwest Airlines Co. Add +2.5% 3.03% +0.42
LIND Lindblad Expeditions Holding Add +0.3% 1.49% +0.33
IMAX Imax Corp. Add +3.1% 1.41% +0.31
NTR Nutrien Ltd. New 0.31% +0.31
DOW Dow Inc. Add +87.8% 0.98% +0.27
TGT Target Corp. Add +78.5% 0.63% +0.22
HMC Honda Motor Co. Ltd.-Spons ADR Add +91.8% 0.53% +0.22
PENN Penn Entertainment Inc. Add +2.2% 2.68% +0.18
F Ford Motor Co. Add +40.0% 0.74% +0.18
PARAA Paramount Global Class B Add +79.8% 0.38% +0.17
DAL Delta Air Lines Inc. New 0.15% +0.15
NVST Envista Holdings Corp. Add +13.9% 0.68% +0.07
VTRS Viatris Inc. Add +0.9% 0.89% +0.07
ROG Rogers Corp. Add +36.5% 0.24% +0.04
MSOS Advisorshares Pure US Cann Add +153.5% 0.14% +0.04
BP BP PLC-Spons ADR Add +7.2% 1.86% +0.01
CVX Chevron Corp. Add +2.9% 1.30% +0.01
B Barrick Gold Corp. Add +22.3% 0.49% −0.03
JNJ Johnson & Johnson Add +1.6% 0.31% −0.03
ELAN Elanco Animal Health Inc. Add +15.7% 0.88% −0.05
BABA Alibaba Group Holding-SP ADR Add +2.6% 0.22% −0.05
BKD Brookdale Senior Living Inc. Add +28.0% 0.88% −0.05
PSQ Proshares Short QQQ Add +3.5% 2.36% −0.05
FMC FMC Corp. Add +25.0% 0.64% −0.06
NEM Newmont Corp. Add +25.8% 0.55% −0.08
CRSP Crispr Therapeutics AG Add +5.2% 0.63% −0.09
MRK Merck & Co. Inc. Add +1.5% 1.13% −0.15
SHEL Shell PLC-ADR Add +0.6% 3.01% −0.15
VZ Verizon Communications Inc. Add +2.1% 1.56% −0.16
ARCO Arcos Dorados Holdings Inc. Class A Add +2.1% 1.63% −0.29

Options Activity Q3 2024 → Q4 2024
NEM Newmont Corp. call Sold out 29 $2Kbefore exit
SHAK Shake Shack Inc. Class A call Sold out 15 $2Kbefore exit
SLB SLB Ltd. call Sold out 25 $1Kbefore exit
CRSP Crispr Therapeutics AG call Sold out 12 $564before exit
MAG Mag Silver Corp. call Sold out 25 $476before exit

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