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

0$500.0M$1.0B$1.5B Q1 2024: $728.6M Q1 2024 Q2 2024: $725.3M Q2 2024 Q3 2024: $780.2M Q3 2024 Q4 2024: $784.6M Q4 2024 Q1 2025: $821.1M $821.1M Q1 2025 Q2 2025: $873.7M Q2 2025 Q3 2025: $990.6M Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $955.9M Q1 2026 Q2 2026: $1.1B Q2 2026

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%
FXY Invesco Currencyshares Japan 0.24% 31,644 $1.9M Add +31.9%
EWY iShares MSCI South Korea ETF 0.24% 35,867 $1.9M Add +59.8%
LNG Cheniere Energy Inc. 0.24% 8,375 $1.9M Add +1.9%
FXI iShares China Large-Cap ETF 0.24% 54,020 $1.9M Add +20.6%
RRC Range Resources Corp. 0.24% 48,364 $1.9M Add +0.5%
MPLX MPLX LP 0.23% 35,565 $1.9M Add +2.9%
TPB Turning Point Brands Inc. 0.23% 31,690 $1.9M Add +5.0%
TECK Teck Resources Ltd.-CLS B 0.23% 51,490 $1.9M Reduce -38.7%
BMY Bristol-Myers Squibb Co. 0.23% 30,422 $1.9M Reduce -0.1%
VTI VG Morningstar TS MKT ETF-US 0.22% 6,576 $1.8M Reduce -7.1%
SLV iShares Silver Trust 0.22% 58,265 $1.8M Add +7.4%
V Visa Inc. Class A 0.22% 5,062 $1.8M Reduce -8.8%
KO The Coca-Cola Co. 0.22% 24,706 $1.8M Add +1.9%
SIL Global X Silver Miners ETF 0.21% 43,999 $1.7M Add +1.1%
FCX Freeport-McMoran Inc. 0.21% 45,668 $1.7M Reduce -30.3%
CNC Centene Corp. 0.20% 27,688 $1.7M No change
SLRC SLR Investment Corp. 0.20% 98,535 $1.7M Add +6.7%
VWO Vanguard Ftse Emerging Marke 0.20% 36,553 $1.7M Add +0.5%
UNH Unitedhealth Group Inc. 0.20% 3,103 $1.6M Add +0.4%
OXY Occidental Petroleum Corp. 0.20% 32,647 $1.6M Reduce -0.9%
XME SS SPDR S&P Metals Mining 0.20% 28,630 $1.6M Reduce -2.2%
SMFG Sumitomo Mitsui-Spons ADR 0.19% 102,350 $1.6M Add +3.3%
NEM Newmont Corp. 0.19% 32,019 $1.5M Add +80.8%
ARLP Alliance Resource Partners 0.19% 56,205 $1.5M Add +19.8%
HNRG Hallador Energy Co. 0.18% 122,950 $1.5M Reduce -6.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.18% 17,766 $1.5M Reduce -4.6%
AON Aon PLC Class A 0.18% 3,711 $1.5M Reduce -3.9%
VZ Verizon Communications Inc. 0.18% 32,113 $1.5M Reduce -0.8%
CTRA Coterra Energy Inc. 0.17% 48,920 $1.4M Reduce -2.0%
META Meta Platforms Inc. Class A 0.17% 2,439 $1.4M Reduce -18.5%
VTIP Vanguard Short-Term Tips 0.17% 28,110 $1.4M Reduce -1.2%
EMR Emerson Electric Co. 0.17% 12,689 $1.4M Reduce -1.6%
URTH iShares MSCI World ETF 0.16% 8,800 $1.3M No change
WM Waste Management Inc. 0.16% 5,762 $1.3M No change
CDE Coeur Mining Inc. 0.16% 218,849 $1.3M New
EC Ecopetrol SA-Sponsored ADR 0.15% 120,073 $1.3M New
SPY SS SPDR S&P 500 ETF Trust-US 0.15% 2,233 $1.2M Add +0.6%
AM Antero Midstream Corp. 0.15% 69,000 $1.2M No change
GDXJ Vaneck Junior Gold Miners 0.15% 21,335 $1.2M Reduce -5.4%
SGDM Sprott Gold Miners ETF 0.15% 31,548 $1.2M Reduce -13.8%
NVDA Nvidia Corp. 0.14% 10,967 $1.2M Add +3.3%
RTX RTX Corp. 0.14% 8,906 $1.2M Reduce -9.8%
MAG Mag Silver Corp. 0.14% 77,100 $1.2M Reduce -6.8%
CB Chubb Ltd. 0.14% 3,834 $1.2M Reduce -4.7%
WBD Warner Bros Discovery Inc. 0.14% 106,397 $1.1M Reduce -17.2%
BG Bunge Global SA 0.14% 14,605 $1.1M Reduce -12.0%
PPLT Abrdn Physical Platinum SHRS 0.14% 12,169 $1.1M Add +2.7%
GE General Electric filed as GE AEROSPACE 0.13% 5,501 $1.1M Reduce -5.9%
LVS Las Vegas Sands Corp. 0.13% 28,172 $1.1M Add +54.6%
HD Home Depot Inc. 0.13% 2,963 $1.1M Reduce -1.7%
WPM Wheaton Precious Metals Corp. 0.13% 13,986 $1.1M Reduce -3.5%
HL Hecla Mining Co. 0.13% 192,330 $1.1M Reduce -5.3%
TDW Tidewater Inc. 0.13% 24,794 $1.0M Reduce -8.0%
CHX Championx Corp. 0.13% 35,133 $1.0M Reduce -47.9%
BITB Bitwise Bitcoin ETF 0.12% 22,405 $1.0M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.12% 5,790 $1.0M Add +33.5%
GTX Garrett Motion Inc. 0.12% 119,450 $1000K Reduce -21.4%
EWH iShares MSCI Hong Kong ETF 0.12% 56,840 $995K Add +1.7%
SMC Summit Midstream Corp. 0.12% 29,175 $989K Reduce -21.0%
PSA Public Storage 0.12% 3,294 $986K Reduce -2.8%
UNP Union Pacific Corp. 0.12% 4,156 $982K Reduce -1.7%
PAVE Global X US Infrastructure 0.12% 26,005 $981K Add +10.8%
VCSH Vanguard S/T Corp. Bond ETF 0.12% 12,337 $974K Add +3.6%
LB Landbridge Co. LLC-A 0.12% 13,200 $950K Add +2.1%
ALL Allstate Corp. 0.12% 4,573 $947K No change
CCNE CNB Financial Corp. 0.11% 41,874 $932K Reduce -42.9%
NATH Nathan's Famous Inc. 0.11% 9,550 $920K New
AEP American Electric Power 0.11% 8,379 $916K No change
ENB Enbridge Inc. 0.11% 20,592 $911K Reduce -1.0%
PG The Procter & Gamble Co. 0.11% 5,215 $889K Reduce -14.3%
SILJ Amplify Junior Silver Miners 0.11% 72,876 $883K Reduce -5.2%
AXP American Express Co. 0.11% 3,272 $880K Add +0.8%
ASA ASA Gold and Precious Metals 0.11% 29,170 $879K Reduce -5.8%
VALE Vale SA-SP ADR 0.11% 87,664 $875K Add +78.9%
COST Costco Wholesale Corp. 0.11% 924 $874K Add +23.2%
MOAT Vaneck Morningstar Wide Moat 0.11% 9,850 $867K Add +59.0%
ILF iShares Latin America 40 ETF 0.10% 36,380 $857K Reduce -10.9%
LXU LSB Industries Inc. 0.10% 128,870 $849K Add +1.2%
NBIS Nebius Group NV 0.10% 39,820 $841K Reduce -43.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.10% 2,253 $835K Reduce -9.8%
DBA Invesco DB Agriculture Fund 0.10% 31,145 $820K Add +8.6%
ELMD Electromed Inc. 0.10% 33,185 $792K Reduce -10.8%
NEE Nextera Energy Inc. 0.10% 11,169 $792K No change
SAN Banco Santander SA-Spon ADR 0.10% 118,100 $791K Add +413.5%
FDX FedEx Corp. 0.09% 3,186 $777K Reduce -5.9%
IGSB iShares 1-5Y Inv Grade Corp. 0.09% 14,790 $775K Add +0.3%
VRP Invesco Variable Rate Prefer 0.09% 31,935 $774K No change
AMD Advanced Micro Devices 0.09% 7,430 $763K Add +15.8%
NKE Nike Inc. Class B 0.09% 11,816 $750K Add +65.6%
SPG Simon Property Group Inc. 0.09% 4,516 $750K Add +0.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.09% 17,803 $744K Add +0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 2,978 $741K Reduce -3.3%
INMB Inmune Bio Inc. 0.09% 94,300 $736K Add +13.1%
COP Conocophillips 0.09% 6,871 $722K Reduce -25.1%
VLO Valero Energy Corp. 0.09% 5,460 $721K Reduce -3.5%
NXE Nexgen Energy Ltd. 0.09% 160,200 $719K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.09% 3,806 $709K Add +9.8%
FCNCA First Citizens Bcshs Class A 0.09% 379 $703K Reduce -10.6%
OMAB Grupo Aeroportuario Cen-ADR 0.09% 8,930 $702K Add +28.1%
SOC Sable Offshore Corp. 0.08% 27,490 $697K Reduce -9.6%
FAX Abrdn Asia-Pacific Income 0.08% 43,756 $687K Add +14.2%
VST Vistra Corp. 0.08% 5,800 $681K Reduce -7.9%
BGC BGC Group Inc. Class A 0.08% 73,250 $672K Reduce -5.2%
T AT&T Inc. 0.08% 23,507 $665K Reduce -0.8%
ITA iShares U.S. Aerospace & Def 0.08% 4,297 $658K Reduce -7.3%
NTR Nutrien Ltd. 0.08% 13,207 $655K Reduce -25.3%
ADP Automatic Data Processing 0.08% 2,126 $650K Reduce -2.3%
WTFC Wintrust Financial Corp. 0.08% 5,750 $647K No change
IA Innovative Solutions & Supp 0.08% 102,500 $645K Add +48.5%
SFM Sprouts Farmers Market Inc. 0.08% 4,170 $637K Reduce -60.7%
GUNR NT Mstar GLBL NR ETF 0.08% 16,395 $636K Reduce -17.8%
BIDU Baidu Inc. - Spon ADR 0.08% 6,910 $636K New
HON Honeywell International Inc. 0.08% 2,979 $631K Add +88.0%
BA The Boeing Co. 0.08% 3,671 $626K Reduce -21.4%
BILS SS Spdrb B 3-12M T-Bill ETF 0.07% 6,080 $605K Reduce -15.3%
FEZ State Street SPDR Euro Stoxx 0.07% 11,095 $604K New
JD Jd.com Inc.-ADR 0.07% 14,650 $602K Add +3.5%
PRTH Priority Technology Holdings 0.07% 87,975 $600K Add +29.0%
GD General Dynamics Corp. 0.07% 2,199 $599K No change
EDD Morgan Stanley Emrg MRK Dom 0.07% 127,500 $599K Reduce -1.0%
CFG Citizens Financial Group 0.07% 14,616 $599K Reduce -1.2%
LION Lionsgate Studios Corp. 0.07% 80,000 $598K Reduce -8.6%
WDC Western Digital Corp. 0.07% 14,536 $588K Add +9.8%
NLY Annaly Capital Management Inc. 0.07% 28,899 $587K No change
VAL Valaris Ltd. 0.07% 14,800 $581K Reduce -2.0%
CLPT Clearpoint Neuro Inc. 0.07% 48,825 $581K Add +1.2%
CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A 0.07% 31,265 $572K No change
SBUX Starbucks Corp. 0.07% 5,805 $569K Reduce -8.8%
DHT DHT Holdings Inc. 0.07% 53,500 $562K No change
GILD Gilead Sciences Inc. 0.07% 5,011 $561K Add +0.0%
RSI Rush Street Interactive Inc. 0.07% 52,240 $560K New
QCOM Qualcomm Inc. 0.07% 3,600 $553K No change
SNY Sanofi-ADR 0.07% 9,862 $547K No change
ZBRA Zebra Technologies Corp. Class A 0.07% 1,935 $547K No change
WOW Wideopenwest Inc. 0.07% 109,325 $541K No change
EXE Expand Energy Corp. 0.07% 4,842 $539K Add +1.1%
LLY Eli Lilly & Co. 0.06% 629 $519K Reduce -8.6%
HCC Warrior Met Coal Inc. 0.06% 10,875 $519K Reduce -13.9%
WTW Willis Towers Watson PLC 0.06% 1,509 $510K Reduce -6.5%
PBI Pitney Bowes Inc. 0.06% 54,550 $494K Reduce -33.9%
VCIT Vanguard Int-Term Corporate 0.06% 6,014 $492K Add +5.0%
TKO Tko Group Holdings Inc. 0.06% 3,210 $491K Add +3.2%
RA Brookfield Real Assets Incom 0.06% 37,104 $488K Add +8.8%
XLI SS Industrial Select Sector 0.06% 3,716 $487K Add +0.4%
GVAL Cambria Global Value ETF 0.06% 19,195 $475K Reduce -2.2%
SKE Skeena Resources Ltd. 0.06% 47,000 $474K No change
VTRS Viatris Inc. 0.06% 53,654 $467K Reduce -10.8%
AESI Atlas Energy Solutions Inc. 0.06% 25,750 $459K No change
HIGH Simplify Enhanced Income ETF 0.06% 20,625 $453K Reduce -28.3%
COPX Global X Copper Miners ETF 0.05% 11,470 $448K Reduce -5.2%
PBR Petroleo Brasileiro-Spon ADR 0.05% 30,852 $442K Add +24.1%
TSM Taiwan Semiconductor-SP ADR 0.05% 2,536 $421K Reduce -42.4%
GNK Genco Shipping & Trading Ltd. 0.05% 31,235 $417K Add +0.1%
IEX Idex Corp. 0.05% 2,250 $407K No change
SPGI S&P Global Inc. 0.05% 797 $405K No change
DAVA Endava PLC- Spon ADR 0.05% 20,655 $403K Add +40.1%
XOP SS SPDR S&P Og Exp & Prod 0.05% 3,041 $401K Reduce -29.4%
TIP iShares Tips Bond ETF 0.05% 3,596 $399K Reduce -57.0%
SBLK Star Bulk Carriers Corp. 0.05% 25,350 $394K New
EWJ iShares MSCI Japan ETF 0.05% 5,595 $384K Add +14.4%
TSLA Tesla Inc. 0.05% 1,471 $381K Add +56.2%
ETHA iShares Ethereum Trust ETF 0.05% 27,515 $380K Reduce -50.5%
AAAU Goldman Sachs Physical Gold 0.05% 12,200 $377K No change
BTC Grayscale Bitcoin Mini ETF 0.05% 10,316 $376K Reduce -5.5%
PLTR Palantir Technologies Inc. Class A 0.05% 4,430 $374K Reduce -31.3%
CPNG Coupang Inc. 0.05% 16,900 $371K No change
LMT Lockheed Martin Corp. 0.04% 825 $369K Reduce -10.8%
UTF Cohen & Steers Infrastructur 0.04% 14,125 $361K No change
MLPX Global X MLP & Energy Infras 0.04% 5,600 $357K Add +1.4%
HR Healthcare Realty Trust Inc. 0.04% 21,000 $355K New
BIT BlackRock Multi-Sector Inc. 0.04% 24,265 $351K New
BP BP PLC-Spons ADR 0.04% 10,346 $350K No change
LIN Linde PLC 0.04% 749 $349K Reduce -11.8%
EDU New Oriental Educatio-SP ADR 0.04% 7,200 $344K New
MFC Manulife Financial Corp. 0.04% 10,624 $331K Reduce -4.5%
DOUG Douglas Elliman Inc. 0.04% 190,500 $328K New
FCG First Trust Natural Gas ETF 0.04% 13,120 $326K Reduce -15.3%
CVS CVS Health Corp. 0.04% 4,575 $310K No change
PKST Peakstone Realty Trust 0.04% 24,400 $307K Reduce -14.1%
NOW ServiceNow Inc. 0.04% 372 $296K New
XLF SS Financial Select Sector 0.04% 5,940 $296K No change
DHC Diversified Healthcare Trust 0.04% 121,650 $292K Add +3.4%
ITW Illinois Tool Works 0.04% 1,174 $291K No change
EQT Eqt Corp. 0.03% 5,360 $286K New
USB US Bancorp 0.03% 6,674 $282K Add +0.1%
BSM Black Stone Minerals LP 0.03% 18,000 $275K No change
PSFE Paysafe Ltd. 0.03% 17,500 $275K Add +38.9%
URNM Sprott Uranium Miners ETF 0.03% 8,255 $268K No change
SHEL Shell PLC-ADR 0.03% 3,613 $265K No change
CQP Cheniere Energy Partners LP 0.03% 4,000 $264K No change
IYE iShares U.S. Energy ETF 0.03% 5,275 $260K No change
CAT Caterpillar Inc. 0.03% 786 $259K Reduce -3.0%
PDD PDD Holdings Inc. 0.03% 2,185 $259K Reduce -29.2%
ORCL Oracle Corp. 0.03% 1,846 $258K Reduce -21.3%
PFE Pfizer Inc. 0.03% 10,179 $258K Reduce -53.5%
UNFI United Natural Foods Inc. 0.03% 9,400 $257K Reduce -50.3%
AZN Astrazeneca PLC-Spons ADR 0.03% 3,502 $257K Reduce -39.6%
BXMT Blackstone Mortgage Tru Class A 0.03% 12,833 $257K No change
IVV iShares Core S&P 500 ETF 0.03% 456 $256K Reduce -14.1%
XBI SS SPDR S&P Biotech ETF 0.03% 3,155 $256K No change
NMM Navios Maritime Partners LP 0.03% 6,425 $252K Reduce -74.4%
HOOD Robinhood Markets Inc. Class A 0.03% 6,000 $250K New
DFIV Dimensional International Va 0.03% 6,270 $247K New
PH Parker Hannifin Corp. 0.03% 400 $243K No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.03% 52,825 $242K New
ALB Albemarle Corp. 0.03% 3,325 $239K Reduce -0.4%
XLV SS Health Care Select Sector 0.03% 1,635 $239K No change
OIH Vaneck Oil Services ETF 0.03% 900 $236K Reduce -1.6%
CLF Cleveland-Cliffs Inc. 0.03% 28,600 $235K Add +11.7%
MLM Martin Marietta Materials 0.03% 490 $234K Reduce -1.0%
EVR Evercore Inc. Class A 0.03% 1,170 $234K Reduce -13.0%
ARKF ARK Blockchain & Fintech Inn 0.03% 7,020 $233K Reduce -2.1%
UTES Virtus Reaves Utilities ETF 0.03% 3,600 $233K New
INSW International Seaways Inc. 0.03% 7,000 $232K New
UBSI United Bankshares Inc. 0.03% 6,666 $231K New
EME Emcor Group Inc. 0.03% 625 $231K Reduce -49.0%
PSTL Postal Realty Trust Inc. Class A 0.03% 16,100 $230K Add +8.4%
HEI Heico Corp. 0.03% 850 $227K No change
DSGR Distribution Solutions Group 0.03% 8,040 $225K Reduce -60.4%
NSC Norfolk Southern Corp. 0.03% 939 $222K No change
CTAS Cintas Corp. 0.03% 1,060 $218K New
AVAV Aerovironment Inc. 0.03% 1,800 $215K Add +28.6%
YUM Yum! Brands Inc. 0.03% 1,338 $211K New
NRG NRG Energy Inc. 0.03% 2,150 $205K Reduce -3.8%
ALC Alcon Inc. filed as ALCON AG 0.02% 2,142 $202K New
RBLX Roblox Corp. Class A 0.02% 3,456 $201K New
ITUB Itau Unibanco H-Spon PRF ADR 0.02% 36,125 $199K Add +21.4%
XIFR XPLR Infrastructure LP 0.02% 20,475 $195K Reduce -29.2%
RCAT Red Cat Holdings Inc. 0.02% 32,500 $191K No change
PBF PBF Energy Inc. Class A 0.02% 10,000 $191K New
ACHR Archer Aviation Inc. Class A 0.02% 25,000 $178K New
BCS Barclays PLC-Spons ADR 0.02% 11,000 $169K New
LBRT Liberty Energy Inc. 0.02% 10,150 $161K New
VET Vermilion Energy Inc. 0.02% 19,750 $160K New
PBT Permian Basin Royalty Trust 0.02% 15,500 $154K Add +19.2%
BTU Peabody Energy Corp. 0.02% 11,301 $153K Reduce -26.1%
GAB Gabelli Equity Trust 0.02% 27,228 $150K No change
JOF Japan Smaller Capitalization 0.02% 17,619 $148K Add +9.3%
ASPI Asp Isotopes Inc. 0.02% 28,450 $133K Reduce -19.8%
OSISKO DEVELOPMENT CORP 0.01% 77,500 $115K No change
AVDL Avadel Pharmaceuticals Ltd. 0.01% 14,000 $110K New
XEMDX Western Asset Emrg MRKT DBT 0.01% 10,997 $109K No change
IOVA Iovance Biotherapeutics Inc. 0.01% 28,050 $93K No change
FTRE Fortrea Holdings Inc. 0.01% 12,000 $91K New
MSD Morgan Stanley Emrg MKT Debt 0.01% 10,800 $87K No change
MSOS Advisorshares Pure US Cann 0.01% 31,145 $81K Reduce -40.0%
GGB Gerdau SA -Spon ADR 0.01% 26,000 $74K No change
TEI Templeton Emrg MKTS Inc. 0.01% 13,225 $71K No change
RIG Transocean Ltd. 0.01% 22,256 $71K Reduce -16.0%
DYAI Dyadic International Inc. 0.01% 47,020 $63K No change
HIO Western Asset Hi Inc. Opport 0.01% 14,873 $59K No change
APLD Applied Digital Corp. 0.01% 10,350 $58K Reduce -42.5%
MRVI Maravai Lifesciences Hldgs-A 0.01% 25,000 $55K New
NOK Nokia Corp.-Spon ADR 0.01% 10,002 $53K No change
CLOV Clover Health Investments Co. 0.00% 10,500 $38K No change

Options reported separately and not counted above: LLY calls ($1.9M).

Other holdings (4): bonds, preferreds, convertibles and warrants · $3.6M (not counted above)
SecurityClassShares / PrincipalValueChange
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 2,000,000$2.1MNo change
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 825,000$726KNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 439$527KNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 193$238KReduce -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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 509$1.1BPHYS, EWY, CCJ, MTBA, BRK.B
Q1 2026 475$955.9MCCJ, MTBA, XOM, BRK.B, EWZ
Q4 2025 452$1.1BPHYS, PSLV, CEF, BRK.B, GDX
Q3 2025 403$990.6MPHYS, BRK.B, GDX, CCJ, CEF
Q2 2025 355$873.7MPHYS, BRK.B, CCJ, CEF, MTBA
Q1 2025 355$821.1MPHYS, BRK.B, XOM, CCJ, AAPL
Q4 2024 355$784.6MPHYS, BRK.B, CCJ, AAPL, XOM
Q3 2024 334$780.2MPHYS, BRK.B, CCJ, XOM, AAPL
Q2 2024 319$725.3MPHYS, BRK.B, CCJ, XOM, AAPL
Q1 2024 319$728.6MPHYS, BRK.B, CCJ, WCC, XOM