Medici Capital LLC

Name: MEDICI CAPITAL LLC 13F holdings, Q2 2025
Creator: MEDICI CAPITAL LLC
Published: 2025-07-07

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 7, 2025), Medici Capital LLC reported 23 stock positions worth $87.8 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 23.7% of the portfolio, followed by Agnico Eagle Mines (AEM, 18.7%) and SPDR Gold Minishares Trust (GLDM, 15.2%). Compared with Q1 2025, it opened 12 new positions, sold out of 5, added to 5 and reduced 1. The biggest buy was a new position in ASA Gold and Precious Metals (ASA) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −51%).

Most Recent 13F: Q2 2026
Location: NEWPORT BEACH, CA
CIK: 0001777234
Portfolio Value: $87.8M (Q2 2025)
SEC Filing: 0001777234-25-000005 ↗ filed Jul 7, 2025

Holdings Value

Holdings 23 stocks · $87.8M


SPY SS SPDR S&P 500 ETF Trust-US	23.68%	33,638	$20.8M	Reduce -51.2%
AEM Agnico Eagle Mines Ltd.	18.66%	137,682	$16.4M	Add +15.0%
GLDM SPDR Gold Minishares Trust	15.23%	204,026	$13.4M	Add +10.9%
AGI Alamos Gold Inc. Class A	6.29%	208,000	$5.5M	Add +642.9%
EMX Emx Royalty Corp. filed as EMX RTY CORP	6.04%	2,107,927	$5.3M	Add +5.3%
ASA ASA Gold and Precious Metals	5.97%	165,926	$5.2M	New
DiscoverySilverCorp	5.50%	2,210,660	$4.8M	New
GMINF G Mining Venture Corp. filed as G MNG VENTURES CORP	4.62%	311,000	$4.1M	New
WPM Wheaton Precious Metals Corp.	3.68%	36,000	$3.2M	No change
SKE Skeena Resources Ltd.	2.20%	121,800	$1.9M	New
GLD SPDR Gold Shares	1.39%	4,000	$1.2M	No change
OIH Vaneck Oil Services ETF	1.31%	5,000	$1.2M	No change
SLV iShares Silver Trust	1.12%	30,000	$984K	No change
VOXR Vox Royalty Corp.	1.11%	308,326	$974K	Add +103.8%
DDEJF Dundee Corp. Class A	0.79%	352,200	$692K	New
PPTA Perpetua Resources Corp.	0.69%	50,000	$607K	New
KLDCF Kenorland Minerals Ltd.	0.29%	183,082	$256K	New
GROY Gold Royalty Corp.	0.29%	114,000	$252K	New
ALEC Alector Inc.	0.27%	167,191	$234K	No change
PROBF Probe Gold Inc.	0.25%	138,600	$218K	New
ITRG Integra Resources Corp.	0.21%	122,100	$184K	New
DC Dakota Gold Corp.	0.21%	48,921	$181K	New
AYA Aya Gold & Silver Inc.	0.19%	18,200	$163K	New

Options reported separately and not counted above: AEM calls ($11.8M), GDXJ calls ($4.1M).

Portfolio Sells Q1 2025 → Q2 2025


SPY SS SPDR S&P 500 ETF Trust-US	Reduce -51.2%	23.68%	−23.27
HAL Halliburton Co.	Sold out	0.00%	−5.91
SU Suncor Energy Inc.	Sold out	0.00%	−1.41
PEO Adams Natural Resources Fund	Sold out	0.00%	−0.73
IEZ iShares U.S. Oil Equipment &	Sold out	0.00%	−0.71
GGN Gamco GLBL Gold NTRL Res Inc.	Sold out	0.00%	−0.38

Portfolio Buys Q1 2025 → Q2 2025


ASA ASA Gold and Precious Metals	New	5.97%	+5.97
DiscoverySilverCorp	New	5.50%	+5.50
AGI Alamos Gold Inc. Class A	Add +642.9%	6.29%	+5.38
GMINF G Mining Venture Corp.	New	4.62%	+4.62
AEM Agnico Eagle Mines Ltd.	Add +15.0%	18.66%	+2.85
SKE Skeena Resources Ltd.	New	2.20%	+2.20
GLDM SPDR Gold Minishares Trust	Add +10.9%	15.23%	+1.36
EMX Emx Royalty Corp.	Add +5.3%	6.04%	+1.06
DDEJF Dundee Corp. Class A	New	0.79%	+0.79
PPTA Perpetua Resources Corp.	New	0.69%	+0.69
VOXR Vox Royalty Corp.	Add +103.8%	1.11%	+0.57
KLDCF Kenorland Minerals Ltd.	New	0.29%	+0.29
GROY Gold Royalty Corp.	New	0.29%	+0.29
PROBF Probe Gold Inc.	New	0.25%	+0.25
ITRG Integra Resources Corp.	New	0.21%	+0.21
DC Dakota Gold Corp.	New	0.21%	+0.21
AYA Aya Gold & Silver Inc.	New	0.19%	+0.19

Options Activity Q1 2025 → Q2 2025


AEM Agnico Eagle Mines Ltd.	call	New	99,000	$11.8M
GDXJ Vaneck Junior Gold Miners	call	New	61,000	$4.1M

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