Pekin Hardy Strauss, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Pekin Hardy Strauss, Inc. reported 355 stock positions worth $821.1 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 12.4% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 2.9%) and Exxon Mobil (XOM, 1.7%). Compared with Q4 2024, it opened 33 new positions, sold out of 33, added to 106 and reduced 163. The biggest buy was Sprott Physical Gold Trust (PHYS, shares +1%) and the biggest sale an exit from Simplify Interest Rate Hedge (PFIX).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001020317
- Portfolio Value
- $821.1M (Q1 2025)
- SEC Filing
- 0001085146-25-002476 ↗ filed Apr 30, 2025
Holdings Value
Holdings 355 stocks · $821.1M
| PHYS Sprott Physical Gold Trust | 12.39% | 4,226,558 | $101.7M | Add +0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.92% | 44,972 | $24.0M | Reduce -2.9% |
| XOM Exxon Mobil Corp. | 1.70% | 117,625 | $14.0M | Reduce -5.7% |
| CCJ Cameco Corp. | 1.69% | 336,940 | $13.9M | Reduce -3.4% |
| AAPL Apple Inc. | 1.59% | 58,716 | $13.0M | Reduce -5.5% |
| CEF Sprott Physical Gold and Sil | 1.53% | 440,872 | $12.5M | Reduce -1.7% |
| MTBA Simplify MBS ETF | 1.33% | 217,825 | $10.9M | Add +37.4% |
| GDX Vaneck Gold Miners ETF | 1.32% | 234,990 | $10.8M | Add +1.1% |
| OUNZ Vaneck Merk Gold ETF | 1.26% | 343,860 | $10.4M | Reduce -2.4% |
| DG Dollar General Corp. | 1.25% | 117,051 | $10.3M | Add +19.9% |
| BABA Alibaba Group Holding-SP ADR | 1.24% | 76,693 | $10.1M | Reduce -9.8% |
| AGNC AGNC Investment Corp. | 1.20% | 1,030,123 | $9.9M | Add +5.5% |
| WCC Wesco International Inc. | 1.15% | 60,817 | $9.4M | Add +0.8% |
| AEM Agnico Eagle Mines Ltd. | 1.14% | 86,012 | $9.3M | Add +1.3% |
| PSLV Sprott Physical Silver Trust | 1.13% | 800,116 | $9.3M | Add +5.7% |
| HUM Humana Inc. | 1.07% | 33,341 | $8.8M | Reduce -0.7% |
| ET Energy Transfer LP | 1.06% | 467,335 | $8.7M | Add +1.1% |
| AER Aercap Holdings NV | 1.05% | 84,261 | $8.6M | Reduce -1.1% |
| MOS The Mosaic Co. | 1.02% | 309,236 | $8.4M | Reduce -0.5% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 1.00% | 104,683 | $8.2M | Reduce -1.7% |
| IBIT iShares Bitcoin Trust ETF | 0.97% | 170,996 | $8.0M | Add +5.6% |
| DVN Devon Energy Corp. | 0.95% | 208,579 | $7.8M | Add +20.5% |
| MSFT Microsoft Corp. | 0.94% | 20,619 | $7.7M | Reduce -10.8% |
| GOOGL Alphabet Inc. Class A | 0.93% | 49,397 | $7.6M | Reduce -3.8% |
| SONY Sony Group Corp. - SP ADR | 0.90% | 291,599 | $7.4M | Reduce -5.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.87% | 108,609 | $7.2M | Reduce -3.6% |
| EWZ iShares MSCI Brazil ETF | 0.87% | 275,556 | $7.1M | Add +103.4% |
| EMLC Vaneck JPM Em Local Curr BND | 0.86% | 294,565 | $7.0M | Add +23.8% |
| GOOG Alphabet Inc. Class C | 0.85% | 44,710 | $7.0M | Reduce -11.3% |
| AGI Alamos Gold Inc. Class A | 0.83% | 253,737 | $6.8M | Add +6.2% |
| ABBV Abbvie Inc. | 0.81% | 31,868 | $6.7M | Reduce -2.7% |
| GXO Gxo Logistics Inc. | 0.77% | 162,738 | $6.4M | Add +479.1% |
| KWEB Kranesh Csi China Internet | 0.76% | 177,631 | $6.2M | Add +25.3% |
| SWK Stanley Black & Decker Inc. | 0.75% | 79,589 | $6.1M | Reduce -1.8% |
| SU Suncor Energy Inc. | 0.74% | 157,875 | $6.1M | Reduce -10.6% |
| ITRN Ituran Location and Control | 0.73% | 165,625 | $6.0M | Reduce -26.9% |
| AR Antero Resources Corp. | 0.72% | 145,287 | $5.9M | Add +85.4% |
| WMT Walmart Inc. | 0.70% | 65,451 | $5.7M | Reduce -0.7% |
| EPD Enterprise Products Partners | 0.70% | 167,218 | $5.7M | Reduce -3.0% |
| IAU iShares Gold Trust | 0.68% | 95,193 | $5.6M | Add +0.2% |
| CEG Constellation Energy | 0.68% | 27,740 | $5.6M | Reduce -6.2% |
| SM SM Energy Co. | 0.68% | 186,715 | $5.6M | Add +8.2% |
| PM Philip Morris International | 0.63% | 32,748 | $5.2M | Add +3.8% |
| ALEX Alexander & Baldwin Inc. | 0.63% | 299,724 | $5.2M | Reduce -5.9% |
| WLFC Willis Lease Finance Corp. | 0.63% | 32,643 | $5.2M | Add +9.6% |
| MDT Medtronic PLC | 0.61% | 55,844 | $5.0M | Reduce -20.9% |
| MP MP Materials Corp. | 0.59% | 200,036 | $4.9M | Reduce -15.0% |
| LYB Lyondellbasell Indu Class A | 0.59% | 68,829 | $4.8M | Add +102.0% |
| CVX Chevron Corp. | 0.59% | 28,961 | $4.8M | Reduce -24.9% |
| CZR Caesars Entertainment Inc. | 0.57% | 187,293 | $4.7M | Add +8.8% |
| AMZN Amazon.com Inc. | 0.57% | 24,390 | $4.6M | Reduce -9.5% |
| XLE SS Energy Select Sector | 0.55% | 48,580 | $4.5M | Reduce -12.3% |
| MRK Merck & Co. Inc. | 0.54% | 48,956 | $4.4M | Reduce -2.8% |
| PEP Pepsico Inc. | 0.52% | 28,403 | $4.3M | Reduce -0.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.51% | 75,788 | $4.2M | Reduce -1.9% |
| CC The Chemours Co. | 0.50% | 300,607 | $4.1M | New |
| DEO Diageo PLC-Sponsored ADR | 0.49% | 38,779 | $4.1M | Reduce -3.2% |
| SSNC Ss&c Technologies Holdings | 0.49% | 48,056 | $4.0M | Reduce -27.6% |
| NVS Novartis AG-Sponsored ADR | 0.48% | 35,245 | $3.9M | Reduce -2.5% |
| DSX Diana Shipping Inc. | 0.46% | 2,424,435 | $3.8M | Reduce -30.3% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.46% | 276,525 | $3.8M | Add +6.2% |
| GBTC Grayscale Bitcoin Trust ETF | 0.43% | 54,457 | $3.5M | Reduce -1.8% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.43% | 57,409 | $3.5M | Add +113.0% |
| CRL Charles River Laboratories | 0.43% | 23,395 | $3.5M | New |
| JNJ Johnson & Johnson | 0.43% | 21,068 | $3.5M | Reduce -11.0% |
| MLPA Global X MLP ETF | 0.42% | 64,464 | $3.4M | Add +6.1% |
| VYM Vanguard High DVD Yield ETF | 0.42% | 26,521 | $3.4M | Add +3.4% |
| HLF Herbalife Ltd. | 0.40% | 383,081 | $3.3M | Reduce -21.0% |
| EXC Exelon Corp. | 0.40% | 71,415 | $3.3M | Reduce -5.3% |
| BTI British American Tob-SP ADR | 0.40% | 79,162 | $3.3M | Add +19.1% |
| IVOL Quadratic Int Rte Vol Infl H | 0.39% | 170,967 | $3.2M | Add +8.3% |
| MO Altria Group Inc. | 0.37% | 51,275 | $3.1M | Reduce -3.1% |
| GRVY Gravity Co. Ltd.-Sponsored ADR | 0.37% | 49,550 | $3.0M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 0.35% | 11,750 | $2.9M | Reduce -19.5% |
| WES Western Midstream Partners L | 0.35% | 70,300 | $2.9M | Reduce -1.8% |
| VFC VF Corp. | 0.35% | 185,139 | $2.9M | Reduce -18.7% |
| ETN Eaton Corp. PLC | 0.34% | 10,235 | $2.8M | Reduce -2.7% |
| INDA iShares MSCI India ETF | 0.34% | 53,997 | $2.8M | Reduce -16.2% |
| CME Cme Group Inc. | 0.34% | 10,420 | $2.8M | Reduce -1.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.34% | 30,121 | $2.8M | Add +304.9% |
| EOG EOG Resources Inc. | 0.33% | 21,386 | $2.7M | Reduce -27.4% |
| AMLP Alerian MLP ETF | 0.33% | 51,829 | $2.7M | Reduce -7.0% |
| EWW iShares MSCI Mexico ETF | 0.32% | 52,042 | $2.7M | Add +14.3% |
| VIG Vanguard Dividend Apprec ETF | 0.31% | 13,240 | $2.6M | Add +3.9% |
| SGOL Abrdn Physical Gold Shares | 0.30% | 82,985 | $2.5M | Add +1.8% |
| CBOE Cboe Global Markets Inc. | 0.30% | 10,765 | $2.4M | Add +0.5% |
| NPK National Presto Inds Inc. | 0.29% | 27,300 | $2.4M | Reduce -4.6% |
| MCD McDonald's Corp. | 0.29% | 7,551 | $2.4M | Add +3.4% |
| INFL Horizon Kinetics Infl Benef | 0.29% | 57,833 | $2.4M | Reduce -4.2% |
| CNI Canadian Natl Railway Co. | 0.28% | 23,550 | $2.3M | Reduce -3.1% |
| ARDX Ardelyx Inc. | 0.28% | 463,130 | $2.3M | Reduce -15.5% |
| NRP Natural Resource Partners LP | 0.25% | 19,975 | $2.1M | Add +1.0% |
| ABT Abbott Laboratories | 0.25% | 15,552 | $2.1M | Reduce -2.0% |
| BLK BlackRock Inc. | 0.25% | 2,159 | $2.0M | Reduce -4.5% |
| TUA Sim St Treas Fut Strat ETF filed as SIMPLIFY EXCHANGE TRADED FUN | 0.25% | 92,217 | $2.0M | Reduce -15.0% |
| BX Blackstone Inc. | 0.25% | 14,424 | $2.0M | Reduce -9.1% |
| NGD New Gold Inc. | 0.24% | 541,750 | $2.0M | Add +10.2% |
| BANCOLOMBIA S.A.-SPONS ADR | 0.24% | 49,710 | $2.0M | Add +68.9% |
| FNV Franco-Nevada Corp. | 0.24% | 12,498 | $2.0M | Reduce -0.3% |
| USCI United States Commodity Inde | 0.24% | 27,057 | $2.0M | Reduce -0.1% |
Options reported separately and not counted above: LLY calls ($1.9M).
Other holdings (4): bonds, preferreds, convertibles and warrants · $3.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 2,000,000 | $2.1M | No change |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 825,000 | $726K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 439 | $527K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 193 | $238K | Reduce -28.0% |
Total filed on the 13F, all lines: $824.6M.
Portfolio Sells Q4 2024 → Q1 2025
| PFIX Simplify Interest Rate Hedge | Sold out | 0.00% | −0.72 |
| CCJ Cameco Corp. | Reduce -3.4% | 1.69% | −0.60 |
| DSX Diana Shipping Inc. | Reduce -30.3% | 0.46% | −0.41 |
| AAPL Apple Inc. | Reduce -5.5% | 1.59% | −0.39 |
| GOOG Alphabet Inc. Class C | Reduce -11.3% | 0.85% | −0.37 |
| GOOGL Alphabet Inc. Class A | Reduce -3.8% | 0.93% | −0.31 |
| MSFT Microsoft Corp. | Reduce -10.8% | 0.94% | −0.30 |
| VFC VF Corp. | Reduce -18.7% | 0.35% | −0.27 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.24 |
| TECK Teck Resources Ltd.-CLS B | Reduce -38.7% | 0.23% | −0.21 |
| EL Estee Lauder Companies Class A | Reduce -3.6% | 0.87% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -9.5% | 0.57% | −0.19 |
| ITRN Ituran Location and Control | Reduce -26.9% | 0.73% | −0.17 |
| CEG Constellation Energy | Reduce -6.2% | 0.68% | −0.16 |
| CF CF Industries Holdings Inc. | Reduce -1.7% | 1.00% | −0.16 |
| SILV Silvercrest Metals Inc. | Sold out | 0.00% | −0.16 |
| DEO Diageo PLC-Sponsored ADR | Reduce -3.2% | 0.49% | −0.15 |
| SSNC Ss&c Technologies Holdings | Reduce -27.6% | 0.49% | −0.15 |
| NBIS Nebius Group NV | Reduce -43.5% | 0.10% | −0.15 |
| ETHA iShares Ethereum Trust ETF | Reduce -50.5% | 0.05% | −0.13 |
| EOG EOG Resources Inc. | Reduce -27.4% | 0.33% | −0.13 |
| CVX Chevron Corp. | Reduce -24.9% | 0.59% | −0.12 |
| CCNE CNB Financial Corp. | Reduce -42.9% | 0.11% | −0.12 |
| NMM Navios Maritime Partners LP | Reduce -74.4% | 0.03% | −0.11 |
| FCX Freeport-McMoran Inc. | Reduce -30.3% | 0.21% | −0.11 |
| MDT Medtronic PLC | Reduce -20.9% | 0.61% | −0.11 |
| CHX Championx Corp. | Reduce -47.9% | 0.13% | −0.11 |
| ETN Eaton Corp. PLC | Reduce -2.7% | 0.34% | −0.11 |
| RELY Remitly Global Inc. | Sold out | 0.00% | −0.10 |
| BX Blackstone Inc. | Reduce -9.1% | 0.25% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -2.8% | 0.54% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -19.5% | 0.35% | −0.09 |
| SFM Sprouts Farmers Market Inc. | Reduce -60.7% | 0.08% | −0.09 |
| INDA iShares MSCI India ETF | Reduce -16.2% | 0.34% | −0.09 |
| ALEX Alexander & Baldwin Inc. | Reduce -5.9% | 0.63% | −0.09 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -1.8% | 0.43% | −0.09 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.09 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.09 |
| SWK Stanley Black & Decker Inc. | Reduce -1.8% | 0.75% | −0.08 |
| EWA iShares MSCI Australia ETF | Sold out | 0.00% | −0.08 |
| ARDX Ardelyx Inc. | Reduce -15.5% | 0.28% | −0.08 |
| NPK National Presto Inds Inc. | Reduce -4.6% | 0.29% | −0.07 |
| TIP iShares Tips Bond ETF | Reduce -57.0% | 0.05% | −0.06 |
| DSGR Distribution Solutions Group | Reduce -60.4% | 0.03% | −0.06 |
| TDW Tidewater Inc. | Reduce -8.0% | 0.13% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -42.4% | 0.05% | −0.06 |
| WMT Walmart Inc. | Reduce -0.7% | 0.70% | −0.06 |
| SU Suncor Energy Inc. | Reduce -10.6% | 0.74% | −0.06 |
| BHVN Biohaven Ltd. | Sold out | 0.00% | −0.06 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| PHYS Sprott Physical Gold Trust | Add +0.7% | 12.39% | +1.61 |
| GXO Gxo Logistics Inc. | Add +479.1% | 0.77% | +0.62 |
| CC The Chemours Co. | New | 0.50% | +0.50 |
| EWZ iShares MSCI Brazil ETF | Add +103.4% | 0.87% | +0.48 |
| CRL Charles River Laboratories | New | 0.43% | +0.43 |
| AR Antero Resources Corp. | Add +85.4% | 0.72% | +0.37 |
| MTBA Simplify MBS ETF | Add +37.4% | 1.33% | +0.33 |
| GDX Vaneck Gold Miners ETF | Add +1.1% | 1.32% | +0.31 |
| DG Dollar General Corp. | Add +19.9% | 1.25% | +0.31 |
| AEM Agnico Eagle Mines Ltd. | Add +1.3% | 1.14% | +0.29 |
| LYB Lyondellbasell Indu Class A | Add +102.0% | 0.59% | +0.27 |
| AGI Alamos Gold Inc. Class A | Add +6.2% | 0.83% | +0.26 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +113.0% | 0.43% | +0.26 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +304.9% | 0.34% | +0.25 |
| DVN Devon Energy Corp. | Add +20.5% | 0.95% | +0.23 |
| KWEB Kranesh Csi China Internet | Add +25.3% | 0.76% | +0.23 |
| PSLV Sprott Physical Silver Trust | Add +5.7% | 1.13% | +0.20 |
| CDE Coeur Mining Inc. | New | 0.16% | +0.16 |
| EMLC Vaneck JPM Em Local Curr BND | Add +23.8% | 0.86% | +0.15 |
| EC Ecopetrol SA-Sponsored ADR | New | 0.15% | +0.15 |
| PM Philip Morris International | Add +3.8% | 0.63% | +0.15 |
| BANCOLOMBIA S.A.-SPONS ADR | Add +68.9% | 0.24% | +0.13 |
| NATH Nathan's Famous Inc. | New | 0.11% | +0.11 |
| NEM Newmont Corp. | Add +80.8% | 0.19% | +0.10 |
| BTI British American Tob-SP ADR | Add +19.1% | 0.40% | +0.09 |
| EWY iShares MSCI South Korea ETF | Add +59.8% | 0.24% | +0.09 |
| NGD New Gold Inc. | Add +10.2% | 0.24% | +0.09 |
| IAU iShares Gold Trust | Add +0.2% | 0.68% | +0.08 |
| SAN Banco Santander SA-Spon ADR | Add +413.5% | 0.10% | +0.08 |
| BIDU Baidu Inc. - Spon ADR | New | 0.08% | +0.08 |
| FEZ State Street SPDR Euro Stoxx | New | 0.07% | +0.07 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Add +6.2% | 0.46% | +0.07 |
| RSI Rush Street Interactive Inc. | New | 0.07% | +0.07 |
| FXI iShares China Large-Cap ETF | Add +20.6% | 0.24% | +0.06 |
| FXY Invesco Currencyshares Japan | Add +31.9% | 0.24% | +0.06 |
| AGNC AGNC Investment Corp. | Add +5.5% | 1.20% | +0.06 |
| EWW iShares MSCI Mexico ETF | Add +14.3% | 0.32% | +0.05 |
| VALE Vale SA-SP ADR | Add +78.9% | 0.11% | +0.05 |
| SBLK Star Bulk Carriers Corp. | New | 0.05% | +0.05 |
| HR Healthcare Realty Trust Inc. | New | 0.04% | +0.04 |
| BIT BlackRock Multi-Sector Inc. | New | 0.04% | +0.04 |
| EDU New Oriental Educatio-SP ADR | New | 0.04% | +0.04 |
| SGOL Abrdn Physical Gold Shares | Add +1.8% | 0.30% | +0.04 |
| INMB Inmune Bio Inc. | Add +13.1% | 0.09% | +0.04 |
| DOUG Douglas Elliman Inc. | New | 0.04% | +0.04 |
| SLV iShares Silver Trust | Add +7.4% | 0.22% | +0.04 |
| NOW ServiceNow Inc. | New | 0.04% | +0.04 |
| MLPA Global X MLP ETF | Add +6.1% | 0.42% | +0.04 |
| SIL Global X Silver Miners ETF | Add +1.1% | 0.21% | +0.04 |
| EQT Eqt Corp. | New | 0.03% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| LLY Eli Lilly & Co. | call | New | 2,300 | $1.9M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -28.0% | 193 | $238K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 509 | $1.1B | PHYS, EWY, CCJ, MTBA, BRK.B |
| Q1 2026 | 475 | $955.9M | CCJ, MTBA, XOM, BRK.B, EWZ |
| Q4 2025 | 452 | $1.1B | PHYS, PSLV, CEF, BRK.B, GDX |
| Q3 2025 | 403 | $990.6M | PHYS, BRK.B, GDX, CCJ, CEF |
| Q2 2025 | 355 | $873.7M | PHYS, BRK.B, CCJ, CEF, MTBA |
| Q1 2025 | 355 | $821.1M | PHYS, BRK.B, XOM, CCJ, AAPL |
| Q4 2024 | 355 | $784.6M | PHYS, BRK.B, CCJ, AAPL, XOM |
| Q3 2024 | 334 | $780.2M | PHYS, BRK.B, CCJ, XOM, AAPL |
| Q2 2024 | 319 | $725.3M | PHYS, BRK.B, CCJ, XOM, AAPL |
| Q1 2024 | 319 | $728.6M | PHYS, BRK.B, CCJ, WCC, XOM |