Intrepid Family Office LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Intrepid Family Office LLC reported 30 stock positions worth $67.2 million . Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 22.5% of the portfolio, followed by Shell PLC-ADR (SHEL, 8.2% ) and Adams Diversified Equity (ADX, 7.3% ). Compared with Q4 2024, it opened 7 new positions, sold out of 10, added to 6 and reduced 9. The biggest buy was a new position in TC Energy (TRP) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −50% ).
Location SARASOTA, FL
CIK 0001596197
Portfolio Value $67.2M (Q1 2025) Holdings 30 stocks · $67.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 VTI VG Morningstar TS MKT ETF-US 55,000 $15.1M Reduce -50.0% SHEL Shell PLC-ADR 75,000 $5.5M Reduce -25.0% ADX Adams Diversified Equity 257,412 $4.9M Add +2.3% PEO Adams Natural Resources Fund 192,668 $4.4M Add +2.4% SLRC SLR Investment Corp. 231,400 $3.9M No change MDT Medtronic PLC 40,000 $3.6M Reduce -33.3% INFL Horizon Kinetics Infl Benef 85,000 $3.5M No change NXPI NXP Semiconductors NV 15,000 $2.9M Reduce -23.1% INDA iShares MSCI India ETF 50,000 $2.6M No change OEC Orion SA 143,700 $1.9M Reduce -12.9% GSY Invesco Ultra Short Duration 35,000 $1.8M Add +40.0% TRP TC Energy Corp. 35,000 $1.7M New PFE Pfizer Inc. 65,000 $1.6M No change BSTZ BlackRock Sci & Tech TRM TR 92,517 $1.6M Reduce -11.2% SIVR Abrdn Physical Silver Shares 50,000 $1.6M No change VEU Vanguard Ftse All-World Ex-U 25,000 $1.5M New ASML ASML Holding NV-NY Reg SHS 2,250 $1.5M Reduce -18.2% WY Weyerhaeuser Co. 50,000 $1.5M Add +66.7% NTRA Natera Inc. 8,500 $1.2M Reduce -5.6% LSAK Lesaka Technologies Inc. 250,000 $1.2M Add +5.1% ARGT Global X MSCI Argentina ETF 10,000 $808K New RFIX Simplify Bond Bull ETF 15,000 $803K New WYNN WYNN Resorts Ltd. 7,500 $626K New NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP 100,000 $497K No change ORGO Organogenesis Holdings Inc. 100,000 $432K Reduce -4.8% HE Hawaiian Electric Inds 25,000 $274K New INDV Indivior Ltd. 25,000 $238K New IOVA Iovance Biotherapeutics Inc. 40,000 $133K Add +33.3% CCCC C4 Therapeutics Inc. 40,000 $64K No change FOCL Edap TMS SA -ADR 25,000 $49K No change
Options reported separately and not counted above: TSLA puts ($3.9M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ VTI VG Morningstar TS MKT ETF-US Reduce -50.0% 22.48% −11.14 IGV iShares Expanded Tech-Softwa Sold out 0.00% −3.17 MSFT Microsoft Corp. Sold out 0.00% −2.22 ICSH iShares Ultra Short Duration Sold out 0.00% −1.73 PPLT Abrdn Physical Platinum SHRS Sold out 0.00% −1.43 SCUS Schwab Ultra-Short Inc. ETF Sold out 0.00% −1.32 VUSB Vanguard Ultra Short Bond Et Sold out 0.00% −1.31 JPST JPMorgan Ultra-Short Income Sold out 0.00% −1.20 PULS Pgim Ultra Short Bond ETF Sold out 0.00% −1.18 BHP BHP Group Ltd.-Spon ADR Sold out 0.00% −0.26 NXPI NXP Semiconductors NV Reduce -23.1% 4.24% −0.03 FLNA Filana Therapeutics Inc. Sold out 0.00% −0.02 OEC Orion SA Reduce -12.9% 2.76% +0.02 BSTZ BlackRock Sci & Tech TRM TR Reduce -11.2% 2.44% +0.17 ASML ASML Holding NV-NY Reg SHS Reduce -18.2% 2.22% +0.21 NTRA Natera Inc. Reduce -5.6% 1.79% +0.29 ORGO Organogenesis Holdings Inc. Reduce -4.8% 0.64% +0.29 MDT Medtronic PLC Reduce -33.3% 5.35% +0.29 SHEL Shell PLC-ADR Reduce -25.0% 8.17% +1.57
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ TRP TC Energy Corp. New 2.46% +2.46 VEU Vanguard Ftse All-World Ex-U New 2.26% +2.26 PEO Adams Natural Resources Fund Add +2.4% 6.54% +2.22 ADX Adams Diversified Equity Add +2.3% 7.27% +1.91 GSY Invesco Ultra Short Duration Add +40.0% 2.61% +1.29 WY Weyerhaeuser Co. Add +66.7% 2.18% +1.29 ARGT Global X MSCI Argentina ETF New 1.20% +1.20 RFIX Simplify Bond Bull ETF New 1.19% +1.19 WYNN WYNN Resorts Ltd. New 0.93% +0.93 HE Hawaiian Electric Inds New 0.41% +0.41 LSAK Lesaka Technologies Inc. Add +5.1% 1.77% +0.41 INDV Indivior Ltd. New 0.35% +0.35 IOVA Iovance Biotherapeutics Inc. Add +33.3% 0.20% −0.04
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ TSLA Tesla Inc. put New 15,000 $3.9M IWM iShares Russell 2000 ETF call Sold out 5,000 $1.1Mbefore exit CCCC C4 Therapeutics Inc. call Sold out 10,000 $36Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 34 $108.5M VTI, GLD, ADX, NXPI, ASML Q1 2026 37 $115.0M GLD, VTI, PPLT, GDXJ, ADX Q4 2025 36 $103.9M GLD, VTI, PPLT, ADX, GDXJ Q3 2025 36 $110.6M VTI, GLD, PPLT, SPY, ADX Q2 2025 37 $92.6M GLD, VTI, PPLT, ADX, GDXJ Q1 2025 30 $67.2M VTI, SHEL, ADX, PEO, SLRC Q4 2024 33 $94.8M VTI, SHEL, ADX, MDT, PEO