Hedges Asset Management LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), Hedges Asset Management LLC reported 108 stock positions worth $152.2 million. Its top holding was Glacier Bancorp (GBCI) at 8.3% of the portfolio, followed by General Electric (GE, 4.8%) and Boeing (BA, 3.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 5, added to 17 and reduced 31. The biggest buy was Verizon Communications (VZ, shares +337%) and the biggest sale an exit from Paramount Global Class B (PARAA).

Most Recent 13F
Q2 2026
Location
RENO, NV
CIK
0001906202
Portfolio Value
$152.2M (Q1 2025)
SEC Filing
0001667731-25-000515 ↗ filed Apr 24, 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 Q4 2024 Q1 2025: $152.2M $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 108 stocks · $152.2M
GBCI Glacier Bancorp Inc. 8.28% 285,223 $12.6M No change
GE General Electric filed as GE AEROSPACE 4.80% 36,525 $7.3M Reduce -1.4%
BA The Boeing Co. 3.64% 32,520 $5.5M Add +3.5%
SHEL Shell PLC-ADR 3.42% 71,100 $5.2M Reduce -2.3%
LUV Southwest Airlines Co. 3.15% 142,700 $4.8M Add +4.4%
GLPI Gaming and Leisure Propertie 2.62% 78,260 $4.0M Reduce -11.3%
PENN Penn Entertainment Inc. 2.20% 205,150 $3.3M Add +0.2%
PSQ Proshares Short QQQ 2.19% 82,000 $3.3M Reduce -14.3%
BP BP PLC-Spons ADR 2.13% 95,944 $3.2M Add +0.4%
VZ Verizon Communications Inc. 1.86% 259,050 $2.8M Add +337.2%
WYNN WYNN Resorts Ltd. 1.85% 33,715 $2.8M Add +17.0%
ARCO Arcos Dorados Holdings Inc. Class A 1.77% 334,900 $2.7M Reduce -1.1%
UL Unilever PLC 1.65% 42,300 $2.5M No change
VGK Vanguard Ftse Europe ETF 1.54% 33,500 $2.4M No change
NTNX Nutanix Inc. Class A 1.51% 33,000 $2.3M Reduce -4.1%
UBER Uber Technologies Inc. 1.51% 31,500 $2.3M Reduce -9.7%
BCS Barclays PLC-Spons ADR 1.50% 148,300 $2.3M Reduce -3.3%
BMY Bristol-Myers Squibb Co. 1.43% 35,800 $2.2M Reduce -2.2%
GDX Vaneck Gold Miners ETF 1.43% 47,400 $2.2M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.41% 51,200 $2.1M No change
IMAX Imax Corp. 1.40% 81,100 $2.1M Reduce -3.0%
CVX Chevron Corp. 1.38% 12,600 $2.1M Reduce -7.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.31% 8,000 $2.0M Reduce -20.0%
PHYS Sprott Physical Gold Trust 1.24% 78,500 $1.9M Reduce -9.3%
SHAK Shake Shack Inc. Class A 1.21% 20,825 $1.8M No change
FDX FedEx Corp. 1.16% 7,250 $1.8M No change
LIND Lindblad Expeditions Holding 1.16% 190,000 $1.8M No change
TSN Tyson Foods Inc. Class A 1.14% 27,200 $1.7M No change
WFC Wells Fargo & Co. 1.11% 23,500 $1.7M Reduce -11.3%
MRK Merck & Co. Inc. 1.10% 18,700 $1.7M Add +8.4%
L Loews Corp. 1.08% 17,900 $1.6M Reduce -3.2%
SCHW Schwab (charles) Corp. 1.03% 20,000 $1.6M Reduce -4.8%
GEV GE Vernova Inc. 1.03% 5,125 $1.6M Reduce -11.3%
NGD New Gold Inc. 1.01% 412,500 $1.5M No change
BKD Brookdale Senior Living Inc. 0.99% 240,000 $1.5M Reduce -9.4%
WMB Williams Cos Inc. 0.96% 24,400 $1.5M No change
MAG Mag Silver Corp. 0.96% 95,300 $1.5M No change
LYFT LYFT Inc. Class A 0.95% 122,300 $1.5M No change
CNK Cinemark Holdings Inc. 0.93% 57,000 $1.4M No change
KHC The Kraft Heinz Co. 0.91% 45,450 $1.4M Reduce -9.9%
FMC FMC Corp. 0.90% 32,400 $1.4M Add +62.0%
INTC Intel Corp. 0.89% 59,600 $1.4M Reduce -9.0%
DOW Dow Inc. 0.88% 38,500 $1.3M Add +4.0%
HWM Howmet Aerospace Inc. 0.87% 10,200 $1.3M Reduce -8.9%
UPS United Parcel Service Class B 0.81% 11,200 $1.2M No change
ELAN Elanco Animal Health Inc. 0.80% 115,500 $1.2M Add +4.5%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.79% 30,200 $1.2M Reduce -1.6%
DD Dupont DE Nemours Inc. 0.77% 15,600 $1.2M Reduce -4.3%
GEHC GE Healthcare Technology 0.75% 14,175 $1.1M No change
F Ford Motor Co. filed as FORD MTR CO 0.75% 113,700 $1.1M No change
TGT Target Corp. 0.73% 10,600 $1.1M Add +50.4%
NEM Newmont Corp. 0.71% 22,450 $1.1M No change
VTRS Viatris Inc. 0.68% 118,000 $1.0M Add +9.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.66% 10,250 $1.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.66% 24,000 $1.0M No change
CRSP Crispr Therapeutics AG 0.66% 29,350 $999K Add +20.5%
EUFN iShares MSCI Europe Financia 0.66% 35,000 $997K No change
B Barrick Gold Corp. 0.65% 50,800 $988K Add +5.2%
PPLT Abrdn Physical Platinum SHRS 0.64% 10,600 $969K Reduce -4.5%
NVST Envista Holdings Corp. 0.60% 53,300 $920K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.60% 11,800 $916K Add +87.3%
CNH CNH Industrial NV 0.56% 70,000 $860K No change
WBD Warner Bros Discovery Inc. 0.54% 77,000 $826K No change
GT Goodyear Tire & Rubber Co. 0.48% 79,000 $730K No change
BROS Dutch Bros Inc. Class A 0.45% 11,100 $685K No change
WY Weyerhaeuser Co. 0.42% 22,000 $644K No change
ALK Alaska Air Group Inc. 0.40% 12,400 $610K Reduce -0.8%
DFE Wisdomtree Eur S/C Dividend 0.40% 10,000 $610K No change
RSP Invesco S&P 500 Equal Weight 0.40% 3,500 $606K No change
KWEB Kranesh Csi China Internet 0.40% 17,300 $604K Reduce -3.9%
FIGS Figs Inc. Class A 0.38% 126,500 $581K No change
MGM MGM Resorts International 0.37% 19,000 $563K No change
MMM 3M Co. 0.37% 3,800 $558K No change
JNJ Johnson & Johnson 0.35% 3,250 $539K No change
NTR Nutrien Ltd. 0.34% 10,500 $522K No change
PSLV Sprott Physical Silver Trust 0.34% 44,000 $510K Reduce -18.5%
BABA Alibaba Group Holding-SP ADR 0.32% 3,725 $493K Reduce -3.9%
T AT&T Inc. 0.32% 17,000 $481K No change
HMC Honda Motor Co. Ltd.-Spons ADR 0.32% 17,700 $480K Reduce -36.8%
ONON On Holding AG Class A filed as ON HLDG AG 0.29% 10,100 $444K No change
FXI iShares China Large-Cap ETF 0.27% 11,400 $409K No change
SLV iShares Silver Trust 0.25% 12,500 $387K No change
IEV iShares Europe ETF 0.25% 6,500 $378K No change
KMI Kinder Morgan Inc. 0.23% 12,500 $357K No change
STAA Staar Surgical Co. 0.23% 20,000 $353K New
MDT Medtronic PLC 0.23% 3,900 $350K No change
ABNB Airbnb Inc. Class A 0.22% 2,850 $340K No change
BIDU Baidu Inc. - Spon ADR 0.21% 3,425 $315K Add +3.0%
MCD McDonald's Corp. 0.21% 1,000 $312K No change
ROG Rogers Corp. 0.20% 4,600 $311K Add +29.6%
WPM Wheaton Precious Metals Corp. 0.20% 4,000 $311K No change
SKX Skechers USA Inc. Class A 0.20% 5,300 $301K No change
WAB Wabtec Corp. 0.20% 1,650 $299K No change
SGOL Abrdn Physical Gold Shares 0.20% 10,000 $298K No change
EW Edwards Lifesciences Corp. 0.19% 3,900 $283K No change
VEU Vanguard Ftse All-World Ex-U 0.18% 4,600 $279K No change
FEZ State Street SPDR Euro Stoxx 0.18% 5,000 $272K No change
EBAY eBay Inc. 0.18% 4,000 $271K No change
PYPL PayPal Holdings Inc. 0.18% 4,100 $268K No change
COP Conocophillips 0.17% 2,400 $252K No change

Show all 108 holdings

Portfolio Sells Q4 2024 → Q1 2025
PARAA Paramount Global Class B Sold out 0.00% −0.38
GEV GE Vernova Inc. Reduce -11.3% 1.03% −0.23
HMC Honda Motor Co. Ltd.-Spons ADR Reduce -36.8% 0.32% −0.21
GLPI Gaming and Leisure Propertie Reduce -11.3% 2.62% −0.19
PSQ Proshares Short QQQ Reduce -14.3% 2.19% −0.17
OGN Organon & Co. Sold out 0.00% −0.17
CCJ Cameco Corp. Sold out 0.00% −0.16
JPM JPMorgan Chase & Co. Sold out 0.00% −0.16
DAL Delta Air Lines Inc. Sold out 0.00% −0.15
IBM Intl Business Machines Corp. Reduce -20.0% 1.31% −0.14
ALK Alaska Air Group Inc. Reduce -0.8% 0.40% −0.13
WFC Wells Fargo & Co. Reduce -11.3% 1.11% −0.12
KHC The Kraft Heinz Co. Reduce -9.9% 0.91% −0.11
KO The Coca-Cola Co. Reduce -42.3% 0.14% −0.07
DD Dupont DE Nemours Inc. Reduce -4.3% 0.77% −0.06
MSOS Advisorshares Pure US Cann Reduce -2.8% 0.09% −0.05
IMAX Imax Corp. Reduce -3.0% 1.40% −0.01
PSLV Sprott Physical Silver Trust Reduce -18.5% 0.34% −0.01
SCHW Schwab (charles) Corp. Reduce -4.8% 1.03% +0.00
INTC Intel Corp. Reduce -9.0% 0.89% +0.02
PPLT Abrdn Physical Platinum SHRS Reduce -4.5% 0.64% +0.03
L Loews Corp. Reduce -3.2% 1.08% +0.05
KWEB Kranesh Csi China Internet Reduce -3.9% 0.40% +0.05
SQM Quimica Y Minera Chil-SP ADR Reduce -1.6% 0.79% +0.05
HWM Howmet Aerospace Inc. Reduce -8.9% 0.87% +0.06
BMY Bristol-Myers Squibb Co. Reduce -2.2% 1.43% +0.07
CVX Chevron Corp. Reduce -7.3% 1.38% +0.08
PHYS Sprott Physical Gold Trust Reduce -9.3% 1.24% +0.09
BABA Alibaba Group Holding-SP ADR Reduce -3.9% 0.32% +0.11
BKD Brookdale Senior Living Inc. Reduce -9.4% 0.99% +0.11
UBER Uber Technologies Inc. Reduce -9.7% 1.51% +0.12
NTNX Nutanix Inc. Class A Reduce -4.1% 1.51% +0.12
ARCO Arcos Dorados Holdings Inc. Class A Reduce -1.1% 1.77% +0.15
BCS Barclays PLC-Spons ADR Reduce -3.3% 1.50% +0.15
SHEL Shell PLC-ADR Reduce -2.3% 3.42% +0.41
GE General Electric Reduce -1.4% 4.80% +0.73

Portfolio Buys Q4 2024 → Q1 2025
VZ Verizon Communications Inc. Add +337.2% 1.86% +0.30
BP BP PLC-Spons ADR Add +0.4% 2.13% +0.26
FMC FMC Corp. Add +62.0% 0.90% +0.26
IFF Intl Flavors & Fragrances Add +87.3% 0.60% +0.25
STAA Staar Surgical Co. New 0.23% +0.23
WYNN WYNN Resorts Ltd. Add +17.0% 1.85% +0.21
B Barrick Gold Corp. Add +5.2% 0.65% +0.15
EEM iShares MSCI Emerging Market New 0.13% +0.13
VEA Vanguard Ftse Developed ETF New 0.13% +0.13
LUV Southwest Airlines Co. Add +4.4% 3.15% +0.11
TGT Target Corp. Add +50.4% 0.73% +0.10
CRSP Crispr Therapeutics AG Add +20.5% 0.66% +0.02
BIDU Baidu Inc. - Spon ADR Add +3.0% 0.21% +0.02
BA The Boeing Co. Add +3.5% 3.64% −0.03
MRK Merck & Co. Inc. Add +8.4% 1.10% −0.03
ROG Rogers Corp. Add +29.6% 0.20% −0.03
ELAN Elanco Animal Health Inc. Add +4.5% 0.80% −0.09
DOW Dow Inc. Add +4.0% 0.88% −0.10
VTRS Viatris Inc. Add +9.3% 0.68% −0.21
PENN Penn Entertainment Inc. Add +0.2% 2.20% −0.48

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