Innovative Advisory Group, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed September 23, 2026), Innovative Advisory Group, LLC reported 240 stock positions worth $152.3 million. Its top holding was SPDR Gold Shares (GLD) at 18.4% of the portfolio, followed by Alpha Architect 1-3 MNTH Box (BOXX, 15.3%) and iShares Silver Trust (SLV, 10.4%). Compared with Q3 2025, it opened 14 new positions, sold out of 22, added to 23 and reduced 47. The biggest buy was iShares Silver Trust (SLV, shares +5%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −47%).

Most Recent 13F
Q2 2026
Location
LEXINGTON, MA
CIK
0002156202
Portfolio Value
$152.3M (Q4 2025)
SEC Filing
0001754960-26-000810 ↗ filed Sep 23, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $112.2M Q4 2024 Q1 2025: $105.3M Q1 2025 Q2 2025: $116.7M Q2 2025 Q3 2025: $152.3M Q3 2025 Q4 2025: $152.3M $152.3M Q4 2025 Q1 2026: $113.5M Q1 2026 Q2 2026: $130.9M Q2 2026

Holdings 240 stocks · $152.3M
GLD SPDR Gold Shares 18.42% 70,785 $28.1M Add +4.3%
BOXX Alpha Architect 1-3 MNTH Box 15.29% 202,414 $23.3M Reduce -13.8%
SLV iShares Silver Trust 10.44% 246,933 $15.9M Add +4.8%
BIL SS SPDR BB 1-3M T-Bill ETF 7.45% 124,160 $11.3M Reduce -46.9%
BITB Bitwise Bitcoin ETF 6.84% 218,998 $10.4M Add +17.0%
AAPL Apple Inc. 6.72% 37,647 $10.2M Reduce -0.3%
GDX Vaneck Gold Miners ETF 4.30% 76,436 $6.6M Add +2.6%
GDXJ Vaneck Junior Gold Miners 3.39% 45,361 $5.2M Add +25.5%
KNSL Kinsale Capital Group Inc. 3.05% 11,872 $4.6M Add +219.7%
ETHW Bitwise Ethereum ETF 2.92% 209,071 $4.4M Add +19.3%
GBTC Grayscale Bitcoin Trust ETF 2.35% 52,365 $3.6M Reduce -1.7%
FBTC Fidelity Wise Origin Bitcoin 1.80% 35,929 $2.7M Reduce -1.6%
URA Global X Uranium ETF 1.77% 63,019 $2.7M Add +166.4%
XBI SS SPDR S&P Biotech ETF 1.74% 21,787 $2.7M New
SIL Global X Silver Miners ETF 1.37% 24,908 $2.1M Add +24.5%
ETHE Grayscale Ethereum Staking E 1.01% 63,221 $1.5M Reduce -3.9%
SFLR Innovator Eqty MGD Floor ETF 0.93% 38,242 $1.4M Reduce -3.5%
ILF iShares Latin America 40 ETF 0.85% 42,347 $1.3M New
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.82% 21,374 $1.2M Add +9.9%
XLE SS Energy Select Sector 0.64% 21,946 $981K Reduce -3.0%
BTC Grayscale Bitcoin Mini ETF 0.64% 25,193 $976K Add +15.7%
ETH Grayscale Ethereum Staking M 0.62% 33,440 $938K Add +2.1%
TSLA Tesla Inc. 0.61% 2,064 $928K No change
JEPI JPMorgan Equity Premium Inco 0.46% 12,201 $698K Reduce -0.6%
REMX Vaneck Rar Earth ND STG-Usdi 0.45% 9,195 $680K Add +15.0%
OZ Belpointe Prep LLC Class A 0.41% 9,497 $618K No change
PHYS Sprott Physical Gold Trust 0.22% 10,149 $335K No change
IAK iShares U.S. Insurance ETF 0.22% 2,429 $331K Reduce -2.4%
MSFT Microsoft Corp. 0.19% 614 $297K No change
AXP American Express Co. 0.19% 782 $289K Add +0.3%
MSTR Strategy Inc. 0.16% 1,646 $250K Add +9.2%
COIN Coinbase Global Inc. Class A 0.16% 1,066 $241K Reduce -26.2%
ETR Entergy Corp. 0.15% 2,508 $232K No change
BLOK Amplify Blockchain Tech ETF 0.13% 3,536 $201K Reduce -3.3%
XOM Exxon Mobil Corp. 0.12% 1,478 $178K Add +2.4%
PLTR Palantir Technologies Inc. Class A 0.12% 1,000 $178K No change
GOOG Alphabet Inc. Class C 0.11% 540 $169K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.11% 248 $169K Reduce -28.9%
AMZN Amazon.com Inc. 0.11% 731 $169K Reduce -3.3%
LIT Global X Lithium & Battery T 0.10% 2,418 $157K Reduce -36.2%
BITQ Bitwise Crypto Indu Inno ETF 0.10% 7,780 $155K New
BITW Bitwise 10 Crypto Index ETF 0.10% 2,500 $147K New
FNV Franco-Nevada Corp. 0.10% 700 $145K Reduce -27.5%
DBA Invesco DB Agriculture Fund 0.09% 5,123 $131K Reduce -89.0%
STT State Street Corp. 0.08% 956 $123K Reduce -23.9%
QQQ Invesco QQQ Trust Series 1 0.08% 190 $117K No change
PSLV Sprott Physical Silver Trust 0.06% 3,900 $92K Reduce -71.9%
QS Quantumscape Corp. 0.06% 8,749 $91K Add +3.5%
IBIT iShares Bitcoin Trust ETF 0.06% 1,835 $91K Reduce -1.0%
XYZ Block Inc. 0.06% 1,394 $91K No change
URNM Sprott Uranium Miners ETF 0.06% 1,595 $88K Reduce -34.4%
HSY The Hershey Co. 0.06% 464 $84K Reduce -2.3%
ROM Proshares Ultra Technology 0.05% 800 $75K No change
AEM Agnico Eagle Mines Ltd. 0.05% 441 $75K Reduce -31.7%
ATEC Alphatec Holdings Inc. 0.05% 3,500 $74K No change
PHO Invesco Water Resources ETF 0.05% 997 $70K Reduce -73.0%
C Citigroup Inc. 0.05% 600 $70K No change
PG The Procter & Gamble Co. 0.04% 477 $68K No change
JPM JPMorgan Chase & Co. 0.04% 210 $68K No change
GOOGL Alphabet Inc. Class A 0.04% 213 $67K No change
MDY State Street SPDR S&P Midcap 0.04% 110 $66K No change
BRK.B Berkshire Hathaway Inc. Class B 0.04% 129 $65K No change
PAAS Pan American Silver Corp. 0.04% 1,236 $64K Reduce -30.6%
CAT Caterpillar Inc. 0.04% 110 $63K No change
GDLC Grayscale Coindesk 5 ETF 0.04% 1,480 $61K Add +722.2%
NEM Newmont Corp. 0.04% 544 $54K Reduce -21.6%
VZ Verizon Communications Inc. 0.03% 1,188 $48K Add +0.2%
ABT Abbott Laboratories 0.03% 375 $47K No change
B Barrick Mining Corp. 0.03% 1,045 $46K Reduce -30.3%
NFLX Netflix Inc. 0.03% 470 $44K Add +74.1%
GLNK Grayscale Chainlink Trust Et 0.03% 4,041 $44K New
UFOX Defiance Space and Connectiv 0.03% 680 $43K Reduce -12.8%
FSM Fortuna Mining Corp. 0.03% 3,996 $39K Reduce -39.4%
NVDA Nvidia Corp. 0.03% 210 $39K Reduce -14.6%
WPM Wheaton Precious Metals Corp. 0.03% 332 $39K Reduce -27.5%
SHV iShares 0-1 Year Treasury Bo 0.03% 350 $39K No change
PFE Pfizer Inc. 0.02% 1,452 $36K No change
SFL SFL Corp. Ltd. 0.02% 3,900 $30K No change
PEP Pepsico Inc. 0.02% 200 $29K No change
GMED Globus Medical Inc. Class A 0.02% 325 $28K No change
BOTZ Global X Robotics & Artifici 0.02% 776 $28K Reduce -79.2%
VOO Vanguard S&P 500 ETF 0.02% 43 $27K No change
HD Home Depot Inc. 0.02% 75 $26K No change
IAU iShares Gold Trust 0.02% 314 $25K No change
DHR Danaher Corp. 0.01% 100 $23K No change
NVS Novartis AG-Sponsored ADR 0.01% 165 $23K No change
O Realty Income Corp. 0.01% 400 $23K No change
SILJ Amplify Junior Silver Miners 0.01% 800 $22K No change
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 0.01% 313 $22K Reduce -80.6%
MA Mastercard Inc. Class A 0.01% 38 $22K No change
AGNC AGNC Investment Corp. 0.01% 2,000 $21K No change
ASML ASML Holding NV-NY Reg SHS 0.01% 20 $21K No change
VTI VG Morningstar TS MKT ETF-US 0.01% 63 $21K No change
V Visa Inc. Class A 0.01% 60 $21K No change
DOCU Docusign Inc. 0.01% 300 $21K Reduce -66.7%
NSC Norfolk Southern Corp. 0.01% 70 $20K No change
FCX Freeport-McMoran Inc. 0.01% 394 $20K No change
SLB SLB Ltd. filed as SLB LIMITED 0.01% 513 $20K No change
ORCL Oracle Corp. 0.01% 100 $19K No change
COM Direxion Auspice BRD Cmdty 0.01% 642 $19K Reduce -97.7%
KO The Coca-Cola Co. 0.01% 261 $18K No change
IFN Aberdeen India Fund Inc. 0.01% 1,266 $17K No change
DKNG Draftkings Inc. Class A 0.01% 500 $17K No change
CVX Chevron Corp. 0.01% 110 $17K No change
LOW Lowe's Cos Inc. 0.01% 67 $16K No change
IDRV iShares Self-Driving Ev&tech 0.01% 423 $16K Reduce -48.0%
ARKQ ARK Autonomous Tech & Robot 0.01% 138 $16K No change
CMG Chipotle Mexican Grill Inc. 0.01% 415 $15K No change
SNSR Global X Internet of Things 0.01% 413 $15K Reduce -88.7%
TRV The Travelers Cos Inc. 0.01% 52 $15K No change
VRTX Vertex Pharmaceuticals Inc. 0.01% 30 $14K No change
ETHT Proshares Ultra Ether ETF 0.01% 360 $14K No change
GD General Dynamics Corp. 0.01% 40 $13K No change
PANW Palo Alto Networks Inc. 0.01% 73 $13K No change
ACN Accenture PLC Class A 0.01% 50 $13K No change
KRBN KS Global Carbon Stratgy ETF 0.01% 372 $13K Reduce -74.6%
TPL Texas Pacific Land Corp. 0.01% 45 $13K No change
MCD McDonald's Corp. 0.01% 42 $13K No change
KKR KKR & Co. Inc. 0.01% 100 $13K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 250 $13K No change
KLAC KLA Corp. 0.01% 10 $12K No change
CRM Salesforce Inc. 0.01% 45 $12K No change
BHP BHP Group Ltd.-Spon ADR 0.01% 190 $11K No change
BIZD Vaneck BDC Income ETF 0.01% 800 $11K No change
COST Costco Wholesale Corp. 0.01% 13 $11K No change
PLUG Plug Power Inc. 0.01% 5,623 $11K Add +16.6%
GFL GFL Environmental Inc.-Sub VT 0.01% 250 $11K No change
IRTC Irhythm Holdings Inc. 0.01% 60 $11K No change
ARKF ARK Blockchain & Fintech Inn 0.01% 220 $10K No change
MELI MercadoLibre Inc. 0.01% 5 $10K No change
ARKW ARK Next Generation Technolo 0.01% 68 $10K No change
MO Altria Group Inc. 0.01% 171 $10K No change
SSO Proshares Ultra S&P500 0.01% 160 $9K No change
SCHB Schwab US Broad Market ETF 0.01% 342 $9K No change
HL Hecla Mining Co. 0.01% 466 $9K No change
IVF Invo Fertility Inc. 0.01% 11,828 $9K New
SEIC Sei Investments Company 0.01% 100 $8K No change
DEMZ Democratic Large Cap Core 0.01% 188 $8K No change
WMT Walmart Inc. 0.00% 65 $7K Reduce -59.6%
RC Ready Capital Corp. 0.00% 3,252 $7K Reduce -25.8%
FLYW Flywire Corp.-Voting 0.00% 500 $7K No change
MKL Markel Group Inc. 0.00% 3 $6K No change
RGLD Royal Gold Inc. 0.00% 29 $6K No change
VWO Vanguard Ftse Emerging Marke 0.00% 118 $6K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 53 $6K No change
BEEM Beam Global 0.00% 4,000 $6K No change
MRNA Moderna Inc. 0.00% 203 $6K No change
ARKK ARK Innovation ETF 0.00% 75 $6K No change
OR Or Royalties Inc. 0.00% 160 $6K No change
RNR Renaissancere Holdings Ltd. 0.00% 19 $5K No change
AFG American Financial Group Inc. 0.00% 38 $5K No change
BKKT Bakkt Inc. filed as BAKKT HOLDINGS INC 0.00% 503 $5K No change
HEALTHY CHOICE WELLNESS CORP 0.00% 19,533 $5K New
WU Western Union Co. 0.00% 500 $5K No change
VEA Vanguard Ftse Developed ETF 0.00% 74 $5K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.00% 65 $5K No change
JNJ Johnson & Johnson 0.00% 22 $5K No change
JAJL Innovator Edp ETF - 6M Ja 0.00% 156 $5K No change
VNQ Vanguard Real Estate ETF 0.00% 50 $4K No change
AKAM Akamai Technologies Inc. 0.00% 50 $4K No change
SUNC Sunococorp LLC 0.00% 88 $4K New
SBUX Starbucks Corp. 0.00% 50 $4K No change
SPPP Sprott Physical Platinum And 0.00% 250 $4K No change
SVM Silvercorp Metals Inc. 0.00% 500 $4K No change
FNF Fidelity National Financial 0.00% 76 $4K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.00% 50 $4K No change
SEE Sealed Air Corp. 0.00% 100 $4K No change
BMNR Bitmine Immersion Technologi 0.00% 146 $4K Reduce -25.5%
AMZY Yieldmax Amazn Option Income 0.00% 285 $4K New
VKTX Viking Therapeutics Inc. 0.00% 107 $4K No change
INTC Intel Corp. 0.00% 101 $4K No change
TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP 0.00% 350 $4K Reduce -41.7%
SLVR Sprott SLVR Miner & PHY SLVR 0.00% 65 $4K Add +3.2%
EMB iShares JP Morgan Usd Emergi 0.00% 35 $3K No change
KBA Kraneshares Bosera MSCI Chin 0.00% 100 $3K No change
TTWO Take-Two Interactive Softwre 0.00% 12 $3K No change
ARKX ARK Space & Defense Innovati 0.00% 100 $3K No change
CHWY Chewy Inc. Class A 0.00% 85 $3K No change
SCHF Schwab Intl Equity ETF 0.00% 116 $3K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 25 $3K No change
MKTW Marketwise Inc. 0.00% 180 $3K No change
ITB iShares U.S. Home Constructi 0.00% 28 $3K No change
AAOI Applied Optoelectronics Inc. 0.00% 74 $3K No change
RUM Rum Group Inc. filed as RUMBLE INC 0.00% 400 $3K No change
ARKG ARK Genomic Revolution ETF 0.00% 87 $3K No change
CRH CRH PLC 0.00% 20 $2K No change
ZSEP Innovator Edp ETF - 1 YR Sep 0.00% 85 $2K No change
BA The Boeing Co. 0.00% 10 $2K Add +66.7%
BEPC Brookfield Renewable Corp. 0.00% 51 $2K No change
SXT Sensient Technologies Corp. 0.00% 20 $2K No change
PDBC Invesco Optimum Yield Divers 0.00% 140 $2K Reduce -96.7%
GOLI Defiance Gold Enhnced Oi ETF 0.00% 112 $2K New
HYLN Hyliion Holdings Corp. 0.00% 1,000 $2K No change
A Agilent Technologies Inc. 0.00% 13 $2K No change
FBY Yieldmax Meta Option Yield 0.00% 140 $2K New
VIG Vanguard Dividend Apprec ETF 0.00% 8 $2K No change
CSAI Cloudastructure Inc. 0.00% 2,084 $2K No change
XPP Proshares Ultra Ftse CHINA50 0.00% 62 $2K No change
MAS Masco Corp. 0.00% 25 $2K No change
GE General Electric filed as GE AEROSPACE 0.00% 5 $2K No change
TSM Taiwan Semiconductor-SP ADR 0.00% 5 $2K No change
JBLU Jetblue Airways Corp. 0.00% 315 $1K No change
TFI SS SPDR N Ice Muni Bond ETF 0.00% 31 $1K No change
FXH First Trust Health Care Alph 0.00% 12 $1K No change
ACGL Arch Capital Group Ltd. 0.00% 14 $1K No change
ANTX AN2 Therapeutics Inc. 0.00% 1,170 $1K No change
MUX McEwen Inc. 0.00% 66 $1K No change
BST BlackRock Science & Tech TR 0.00% 30 $1K No change
GNTX Gentex Corp. 0.00% 48 $1K No change
ITA iShares U.S. Aerospace & Def 0.00% 5 $1K No change
SWBI Smith & Wesson Brands Inc. 0.00% 106 $1K No change
FXI iShares China Large-Cap ETF 0.00% 25 $957 No change
WY Weyerhaeuser Co. 0.00% 40 $948 No change
CRSP Crispr Therapeutics AG 0.00% 16 $839 No change
NLY Annaly Capital Management Inc. 0.00% 37 $827 No change
GEV GE Vernova Inc. 0.00% 1 $654 No change
HRZN Horizon Technology Finance C 0.00% 100 $645 No change
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 1 $488 New
BABA Alibaba Group Holding-SP ADR 0.00% 3 $440 No change
IFRA iShares US Infrastructure 0.00% 7 $368 Reduce -93.1%
AGNT Agnt Inc. filed as EXP WORLD HLDGS INC 0.00% 40 $362 No change
LCID Lucid Group Inc. 0.00% 30 $317 No change
F Ford Motor Co. filed as FORD MTR CO 0.00% 22 $289 No change
GII State Street SPDR S&P Global 0.00% 4 $279 Reduce -91.8%
SCHD Schwab US DVD Equity ETF 0.00% 9 $247 New
ZYME Zymeworks Inc. 0.00% 8 $211 No change
NIO Nio Inc. - ADR 0.00% 40 $204 No change
AOUT American Outdoor Brands Inc. 0.00% 26 $201 No change
TGT Target Corp. 0.00% 2 $196 No change
SAM Boston Beer Company Inc. Class A 0.00% 1 $195 No change
IREN Iren Ltd. filed as IREN LIMITED 0.00% 3 $113 Reduce -99.5%
FG F&G Annuities & Life Inc. 0.00% 3 $93 New
GEHC GE Healthcare Technology 0.00% 1 $82 No change
ESPR Esperion Therapeutics Inc. 0.00% 20 $74 No change
ARCT Arcturus Therapeutics Holdin 0.00% 11 $67 No change
DJT Trump Media & Technology Gro 0.00% 5 $66 No change
NKE Nike Inc. Class B 0.00% 1 $64 No change
SNAP Snap Inc. Class A 0.00% 7 $56 No change
NTLA Intellia Therapeutics Inc. 0.00% 5 $45 No change
DBC Invesco DB Commodity Index T 0.00% 2 $45 Reduce -98.0%

Options reported separately and not counted above: QQQ puts ($2.3M), SLV puts ($1.6M), COPX calls ($663K), SLV calls ($6K), AAPL puts ($55).

Other holdings (2): bonds, preferreds, convertibles and warrants · $155K (not counted above)
SecurityClassShares / PrincipalValueChange
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 1,970$155KNew
DJTWW Trump Media & Technology Gro *W EXP 03/25/202 2$14No change
Lines left out (2) · $5 — a value with no share or principal amount
SecurityClassSharesValue
TMUS T-Mobile US Inc. COM0$3
LUMN Lumen Technologies Inc. COM0$2

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $152.5M.

Portfolio Sells Q3 2025 → Q4 2025
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -46.9% 7.45% −6.63
BOXX Alpha Architect 1-3 MNTH Box Reduce -13.8% 15.29% −2.27
GBTC Grayscale Bitcoin Trust ETF Reduce -1.7% 2.35% −0.79
DBA Invesco DB Agriculture Fund Reduce -89.0% 0.09% −0.73
FBTC Fidelity Wise Origin Bitcoin Reduce -1.6% 1.80% −0.60
COM Direxion Auspice BRD Cmdty Reduce -97.7% 0.01% −0.52
ETHE Grayscale Ethereum Staking E Reduce -3.9% 1.01% −0.47
COIN Coinbase Global Inc. Class A Reduce -26.2% 0.16% −0.16
PHO Invesco Water Resources ETF Reduce -73.0% 0.05% −0.13
EXCHANGE TRADED CONCEPTS TRU Sold out 0.00% −0.10
SNSR Global X Internet of Things Reduce -88.7% 0.01% −0.08
PSLV Sprott Physical Silver Trust Reduce -71.9% 0.06% −0.08
BOTZ Global X Robotics & Artifici Reduce -79.2% 0.02% −0.07
ROBO Robo Global Robotics and Aut Reduce -80.6% 0.01% −0.06
FNV Franco-Nevada Corp. Reduce -27.5% 0.10% −0.05
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.05
SPY SS SPDR S&P 500 ETF Trust-US Reduce -28.9% 0.11% −0.04
URNM Sprott Uranium Miners ETF Reduce -34.4% 0.06% −0.04
LIT Global X Lithium & Battery T Reduce -36.2% 0.10% −0.04
PDBC Invesco Optimum Yield Divers Reduce -96.7% 0.00% −0.04
SMR Nuscale Power Corp. Sold out 0.00% −0.04
MU Micron Technology Inc. Sold out 0.00% −0.03
DOCU Docusign Inc. Reduce -66.7% 0.01% −0.03
BLOK Amplify Blockchain Tech ETF Reduce -3.3% 0.13% −0.03
KRBN KS Global Carbon Stratgy ETF Reduce -74.6% 0.01% −0.02
AEM Agnico Eagle Mines Ltd. Reduce -31.7% 0.05% −0.02
XLE SS Energy Select Sector Reduce -3.0% 0.64% −0.02
IBIT iShares Bitcoin Trust ETF Reduce -1.0% 0.06% −0.02
IREN Iren Ltd. Reduce -99.5% 0.00% −0.02
STT State Street Corp. Reduce -23.9% 0.08% −0.01
FSM Fortuna Mining Corp. Reduce -39.4% 0.03% −0.01
SFLR Innovator Eqty MGD Floor ETF Reduce -3.5% 0.93% −0.01
ZDEK Inno Equ Def Pro ETF - 1 DE Sold out 0.00% −0.01
IDRV iShares Self-Driving Ev&tech Reduce -48.0% 0.01% −0.01
WPM Wheaton Precious Metals Corp. Reduce -27.5% 0.03% −0.01
RC Ready Capital Corp. Reduce -25.8% 0.00% −0.01
WMT Walmart Inc. Reduce -59.6% 0.00% −0.01
GLDM SPDR Gold Minishares Trust Sold out 0.00% −0.01
NVDA Nvidia Corp. Reduce -14.6% 0.03% −0.00
BMNR Bitmine Immersion Technologi Reduce -25.5% 0.00% −0.00
IFRA iShares US Infrastructure Reduce -93.1% 0.00% −0.00
PAAS Pan American Silver Corp. Reduce -30.6% 0.04% −0.00
UFOX Defiance Space and Connectiv Reduce -12.8% 0.03% −0.00
HSY The Hershey Co. Reduce -2.3% 0.06% −0.00
NEM Newmont Corp. Reduce -21.6% 0.04% −0.00
B Barrick Mining Corp. Reduce -30.3% 0.03% −0.00
GII State Street SPDR S&P Global Reduce -91.8% 0.00% −0.00
IAK iShares U.S. Insurance ETF Reduce -2.4% 0.22% −0.00
FTHI Fthi/First Trust Exchange-TR Sold out 0.00% −0.00
GDL GDL Fund Sold out 0.00% −0.00

Portfolio Buys Q3 2025 → Q4 2025
SLV iShares Silver Trust Add +4.8% 10.44% +3.89
GLD SPDR Gold Shares Add +4.3% 18.42% +2.58
KNSL Kinsale Capital Group Inc. Add +219.7% 3.05% +2.01
XBI SS SPDR S&P Biotech ETF New 1.74% +1.74
GDXJ Vaneck Junior Gold Miners Add +25.5% 3.39% +1.04
URA Global X Uranium ETF Add +166.4% 1.77% +1.03
ILF iShares Latin America 40 ETF New 0.85% +0.85
GDX Vaneck Gold Miners ETF Add +2.6% 4.30% +0.57
SIL Global X Silver Miners ETF Add +24.5% 1.37% +0.42
BITQ Bitwise Crypto Indu Inno ETF New 0.10% +0.10
REMX Vaneck Rar Earth ND STG-Usdi Add +15.0% 0.45% +0.10
BITW Bitwise 10 Crypto Index ETF New 0.10% +0.10
JEPQ JPM Nasdaq Equity Premium Add +9.9% 0.82% +0.08
GDLC Grayscale Coindesk 5 ETF Add +722.2% 0.04% +0.03
GLNK Grayscale Chainlink Trust Et New 0.03% +0.03
AXP American Express Co. Add +0.3% 0.19% +0.02
XOM Exxon Mobil Corp. Add +2.4% 0.12% +0.01
NFLX Netflix Inc. Add +74.1% 0.03% +0.01
IVF Invo Fertility Inc. New 0.01% +0.01
HEALTHY CHOICE WELLNESS CORP New 0.00% +0.00
SUNC Sunococorp LLC New 0.00% +0.00
AMZY Yieldmax Amazn Option Income New 0.00% +0.00
FBY Yieldmax Meta Option Yield New 0.00% +0.00
GOLI Defiance Gold Enhnced Oi ETF New 0.00% +0.00
BA The Boeing Co. Add +66.7% 0.00% +0.00
SLVR Sprott SLVR Miner & PHY SLVR Add +3.2% 0.00% +0.00
VUG Vanguard Mrngstar GR ETF-Sui New 0.00% +0.00
SCHD Schwab US DVD Equity ETF New 0.00% +0.00
FG F&G Annuities & Life Inc. New 0.00% +0.00
PLUG Plug Power Inc. Add +16.6% 0.01% −0.00
VZ Verizon Communications Inc. Add +0.2% 0.03% −0.00
QS Quantumscape Corp. Add +3.5% 0.06% −0.01
BTC Grayscale Bitcoin Mini ETF Add +15.7% 0.64% −0.08
MSTR Strategy Inc. Add +9.2% 0.16% −0.15
ETH Grayscale Ethereum Staking M Add +2.1% 0.62% −0.23
ETHW Bitwise Ethereum ETF Add +19.3% 2.92% −0.51
BITB Bitwise Bitcoin ETF Add +17.0% 6.84% −0.81

Options Activity Q3 2025 → Q4 2025
QQQ Invesco QQQ Trust Series 1 put Add +59920.0% 3,001 $2.3M
SLV iShares Silver Trust put New 9,300 $1.6M
GDX Vaneck Gold Miners ETF call Sold out 3,010 $1.2Mbefore exit
COPX Global X Copper Miners ETF call New 5,000 $663K
SLV iShares Silver Trust call Reduce -100.0% 2 $6K

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

Notes & Other Activity Q3 2025 → Q4 2025
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF New 1,970 $155K
GNL Global Net Lease Inc. COM NEW Sold out 0 $0before exit
HR Healthcare Realty Trust Inc. CL A COM Sold out 0 $0before exit
SPHB Invesco S&P 500 High Beta Et S&P 500 HB ETF Sold out 0 $0before exit
TLT iShares 20+ Year Treasury BD 20 YR TR BD ETF Sold out 0 $0before exit
IWM iShares Russell 2000 ETF RUSSELL 2000 ETF Sold out 0 $0before exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui IBOXX HI YD ETF Sold out 0 $0before exit
GOVT iShares US Treasury Bond ETF US TREAS BD ETF Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 29$130.9MBIL, GLD, SLV, AAPL, BITB
Q1 2026 24$113.5MBIL, GLD, SLV, BITB, AAPL
Q4 2025 240$152.3MGLD, BOXX, SLV, BIL, BITB
Q3 2025 248$152.3MBOXX, GLD, BIL, BITB, SLV
Q2 2025 250$116.7MBIL, GLD, BITB, SLV, AAPL
Q1 2025 239$105.3MBIL, GLD, AAPL, BITB, SLV
Q4 2024 232$112.2MBIL, GLD, AAPL, GBTC, ETHE