In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Medici Capital LLC reported 16 stock positions worth $82.1 million . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 47.0% of the portfolio, followed by Agnico Eagle Mines (AEM, 15.8% ) and SPDR Gold Minishares Trust (GLDM, 13.9% ). Compared with Q4 2024, it opened 5 new positions, sold out of 2, added to 5 and reduced 1. The biggest buy was Halliburton (HAL, shares +993% ) and the biggest sale an exit from Exxon Mobil (XOM).
Location NEWPORT BEACH, CA
CIK 0001777234
Portfolio Value $82.1M (Q1 2025) Holdings 16 stocks · $82.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 SPY SS SPDR S&P 500 ETF Trust-US 68,900 $38.5M Reduce -7.4% AEM Agnico Eagle Mines Ltd. 119,682 $13.0M Add +9.1% GLDM SPDR Gold Minishares Trust 184,034 $11.4M Add +20.6% HAL Halliburton Co. 191,300 $4.9M Add +993.1% EMX Emx Royalty Corp. filed as EMX RTY CORP 2,000,850 $4.1M Add +46.4% WPM Wheaton Precious Metals Corp. 36,000 $2.8M New OIH Vaneck Oil Services ETF 5,000 $1.3M No change SU Suncor Energy Inc. 29,900 $1.2M New GLD SPDR Gold Shares 4,000 $1.2M No change SLV iShares Silver Trust 30,000 $930K No change AGI Alamos Gold Inc. Class A 28,000 $748K New PEO Adams Natural Resources Fund 26,294 $600K Add +2.4% IEZ iShares U.S. Oil Equipment & 30,000 $585K No change VOXR Vox Royalty Corp. 151,300 $442K New GGN Gamco GLBL Gold NTRL Res Inc. 72,000 $315K New ALEC Alector Inc. 167,191 $206K No change
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ XOM Exxon Mobil Corp. Sold out 0.00% −12.37 SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.4% 46.95% −9.26 IEO iShares U.S. Oil & Gas Explo Sold out 0.00% −0.57
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ HAL Halliburton Co. Add +993.1% 5.91% +5.30 AEM Agnico Eagle Mines Ltd. Add +9.1% 15.81% +4.75 GLDM SPDR Gold Minishares Trust Add +20.6% 13.88% +3.65 WPM Wheaton Precious Metals Corp. New 3.40% +3.40 EMX Emx Royalty Corp. Add +46.4% 4.98% +1.93 SU Suncor Energy Inc. New 1.41% +1.41 AGI Alamos Gold Inc. Class A New 0.91% +0.91 VOXR Vox Royalty Corp. New 0.54% +0.54 GGN Gamco GLBL Gold NTRL Res Inc. New 0.38% +0.38 PEO Adams Natural Resources Fund Add +2.4% 0.73% +0.01
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ AEM Agnico Eagle Mines Ltd. call Sold out 39,000 $3.1Mbefore 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 6 $51.0M AEM, ELE, AGI, ALEC, DC Q1 2026 9 $71.6M AEM, ELE, AGI, WPM, ALEC Q4 2025 12 $91.2M AEM, GLDM, ELE, GMINF, AGI Q3 2025 31 $134.4M AEM, GLDM, GSISF, EMX, DiscoverySilverCorp Q2 2025 23 $87.8M SPY, AEM, GLDM, AGI, EMX Q1 2025 16 $82.1M SPY, AEM, GLDM, HAL, EMX Q4 2024 13 $77.6M SPY, XOM, AEM, GLDM, EMX Q3 2024 8 $51.1M GLDM, AEM, XOM, OXY, EMX Q2 2024 8 $45.3M GLDM, AEM, XOM, OXY, EMX Q1 2024 8 $87.5M SPY, QQQ, GLDM, XOM, OXY