Pekin Hardy Strauss, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Pekin Hardy Strauss, Inc. reported 355 stock positions worth $873.7 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 12.5% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 2.3%) and Cameco (CCJ, 2.0%). Compared with Q1 2025, it opened 53 new positions, sold out of 53, added to 123 and reduced 136. The biggest buy was a new position in Lululemon Athletica (LULU) and the biggest sale an exit from Alibaba Group Holding-SP ADR (BABA).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001020317
- Portfolio Value
- $873.7M (Q2 2025)
- SEC Filing
- 0001085146-25-004583 ↗ filed Aug 6, 2025
Holdings Value
Holdings 355 stocks · $873.7M
| PHYS Sprott Physical Gold Trust | 12.51% | 4,310,858 | $109.3M | Add +2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.27% | 40,884 | $19.9M | Reduce -9.1% |
| CCJ Cameco Corp. | 1.96% | 230,510 | $17.1M | Reduce -31.6% |
| CEF Sprott Physical Gold and Sil | 1.59% | 460,892 | $13.9M | Add +4.5% |
| MTBA Simplify MBS ETF | 1.57% | 274,063 | $13.7M | Add +25.8% |
| IBIT iShares Bitcoin Trust ETF | 1.50% | 214,811 | $13.1M | Add +25.6% |
| GDX Vaneck Gold Miners ETF | 1.45% | 242,664 | $12.6M | Add +3.3% |
| XOM Exxon Mobil Corp. | 1.44% | 116,617 | $12.6M | Reduce -0.9% |
| DG Dollar General Corp. | 1.32% | 100,822 | $11.5M | Reduce -13.9% |
| WCC Wesco International Inc. | 1.29% | 60,677 | $11.2M | Reduce -0.2% |
| AAPL Apple Inc. | 1.27% | 53,911 | $11.1M | Reduce -8.2% |
| PSLV Sprott Physical Silver Trust | 1.23% | 880,542 | $10.8M | Add +10.1% |
| OUNZ Vaneck Merk Gold ETF | 1.23% | 336,360 | $10.7M | Reduce -2.2% |
| AGNC AGNC Investment Corp. | 1.20% | 1,141,860 | $10.5M | Add +10.8% |
| AER Aercap Holdings NV | 1.19% | 89,096 | $10.4M | Add +5.7% |
| AEM Agnico Eagle Mines Ltd. | 1.17% | 85,884 | $10.2M | Reduce -0.1% |
| EWZ iShares MSCI Brazil ETF | 1.12% | 338,435 | $9.8M | Add +22.8% |
| MOS The Mosaic Co. | 1.12% | 267,073 | $9.7M | Reduce -13.6% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 1.06% | 100,926 | $9.3M | Reduce -3.6% |
| MSFT Microsoft Corp. | 1.04% | 18,212 | $9.1M | Reduce -11.7% |
| CEG Constellation Energy | 1.01% | 27,334 | $8.8M | Reduce -1.5% |
| HUM Humana Inc. | 0.97% | 34,587 | $8.5M | Add +3.7% |
| ET Energy Transfer LP | 0.97% | 465,948 | $8.4M | Reduce -0.3% |
| GXO Gxo Logistics Inc. | 0.93% | 167,058 | $8.1M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 0.92% | 45,848 | $8.1M | Reduce -7.2% |
| EMLC Vaneck JPM Em Local Curr BND | 0.91% | 314,448 | $8.0M | Add +6.8% |
| SM SM Energy Co. | 0.86% | 305,006 | $7.5M | Add +63.4% |
| GOOG Alphabet Inc. Class C | 0.86% | 42,119 | $7.5M | Reduce -5.8% |
| DVN Devon Energy Corp. | 0.84% | 230,529 | $7.3M | Add +10.5% |
| ITRN Ituran Location and Control | 0.79% | 178,369 | $6.9M | Add +7.7% |
| AGI Alamos Gold Inc. Class A | 0.79% | 260,097 | $6.9M | Add +2.5% |
| LYB Lyondellbasell Indu Class A | 0.76% | 115,310 | $6.7M | Add +67.5% |
| LULU Lululemon Athletica Inc. | 0.75% | 27,472 | $6.5M | New |
| WMT Walmart Inc. | 0.72% | 64,512 | $6.3M | Reduce -1.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.72% | 99,098 | $6.3M | Add +30.8% |
| CZR Caesars Entertainment Inc. | 0.70% | 214,889 | $6.1M | Add +14.7% |
| SWK Stanley Black & Decker Inc. | 0.70% | 89,914 | $6.1M | Add +13.0% |
| EWY iShares MSCI South Korea ETF | 0.69% | 84,090 | $6.0M | Add +134.4% |
| IAU iShares Gold Trust | 0.69% | 96,656 | $6.0M | Add +1.5% |
| PM Philip Morris International | 0.68% | 32,673 | $6.0M | Reduce -0.2% |
| ABBV Abbvie Inc. | 0.67% | 31,595 | $5.9M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 0.67% | 26,706 | $5.9M | Add +9.5% |
| CRL Charles River Laboratories | 0.67% | 38,391 | $5.8M | Add +64.1% |
| AR Antero Resources Corp. | 0.66% | 144,185 | $5.8M | Reduce -0.8% |
| SU Suncor Energy Inc. | 0.66% | 153,158 | $5.7M | Reduce -3.0% |
| WLFC Willis Lease Finance Corp. | 0.65% | 39,839 | $5.7M | Add +22.0% |
| ALEX Alexander & Baldwin Inc. | 0.63% | 308,194 | $5.5M | Add +2.8% |
| DEA Easterly Government Properti | 0.59% | 233,309 | $5.2M | New |
| INDA iShares MSCI India ETF | 0.59% | 91,892 | $5.1M | Add +70.2% |
| EPD Enterprise Products Partners | 0.58% | 162,622 | $5.0M | Reduce -2.8% |
| DEO Diageo PLC-Sponsored ADR | 0.56% | 48,402 | $4.9M | Add +24.8% |
| EWW iShares MSCI Mexico ETF | 0.54% | 78,586 | $4.8M | Add +51.0% |
| GBTC Grayscale Bitcoin Trust ETF | 0.52% | 53,708 | $4.6M | Reduce -1.4% |
| CC The Chemours Co. | 0.50% | 380,398 | $4.4M | Add +26.5% |
| DSX Diana Shipping Inc. | 0.47% | 2,841,710 | $4.1M | Add +17.2% |
| CVX Chevron Corp. | 0.47% | 28,763 | $4.1M | Reduce -0.7% |
| NVS Novartis AG-Sponsored ADR | 0.46% | 33,491 | $4.1M | Reduce -5.0% |
| VFC VF Corp. | 0.46% | 341,193 | $4.0M | Add +84.3% |
| FXY Invesco Currencyshares Japan | 0.45% | 61,874 | $4.0M | Add +95.5% |
| BTI British American Tob-SP ADR | 0.45% | 82,957 | $3.9M | Add +4.8% |
| XLE SS Energy Select Sector | 0.44% | 45,399 | $3.9M | Reduce -6.5% |
| MDT Medtronic PLC | 0.43% | 43,394 | $3.8M | Reduce -22.3% |
| HLF Herbalife Ltd. | 0.43% | 437,181 | $3.8M | Add +14.1% |
| VYM Vanguard High DVD Yield ETF | 0.42% | 27,782 | $3.7M | Add +4.8% |
| ETN Eaton Corp. PLC | 0.42% | 10,310 | $3.7M | Add +0.7% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.42% | 267,957 | $3.7M | Reduce -3.1% |
| PEP Pepsico Inc. | 0.42% | 27,669 | $3.7M | Reduce -2.6% |
| IVOL Quadratic Int Rte Vol Infl H | 0.41% | 182,857 | $3.6M | Add +7.0% |
| PPLT Abrdn Physical Platinum SHRS | 0.37% | 26,500 | $3.3M | Add +117.8% |
| MLPA Global X MLP ETF | 0.37% | 64,854 | $3.3M | Add +0.6% |
| SSNC Ss&c Technologies Holdings | 0.37% | 38,558 | $3.2M | Reduce -19.8% |
| GRVY Gravity Co. Ltd.-Sponsored ADR | 0.35% | 48,605 | $3.1M | Reduce -1.9% |
| EXC Exelon Corp. | 0.35% | 70,793 | $3.1M | Reduce -0.9% |
| MO Altria Group Inc. | 0.34% | 50,140 | $2.9M | Reduce -2.2% |
| SONY Sony Group Corp. - SP ADR | 0.33% | 111,814 | $2.9M | Reduce -61.6% |
| CME Cme Group Inc. | 0.33% | 10,503 | $2.9M | Add +0.8% |
| TUA Sim St Treas Fut Strat ETF filed as SIMPLIFY EXCHANGE TRADED FUN | 0.33% | 131,212 | $2.9M | Add +42.3% |
| NVDA Nvidia Corp. | 0.32% | 17,763 | $2.8M | Add +62.0% |
| JPM JPMorgan Chase & Co. | 0.32% | 9,615 | $2.8M | Reduce -18.2% |
| VIG Vanguard Dividend Apprec ETF | 0.32% | 13,520 | $2.8M | Add +2.1% |
| NPK National Presto Inds Inc. | 0.30% | 26,856 | $2.6M | Reduce -1.6% |
| ETHA iShares Ethereum Trust ETF | 0.29% | 134,845 | $2.6M | Add +390.1% |
| WES Western Midstream Partners L | 0.29% | 66,400 | $2.6M | Reduce -5.5% |
| SGOL Abrdn Physical Gold Shares | 0.29% | 81,185 | $2.6M | Reduce -2.2% |
| AMLP Alerian MLP ETF | 0.29% | 51,711 | $2.5M | Reduce -0.2% |
| TPB Turning Point Brands Inc. | 0.29% | 33,265 | $2.5M | Add +5.0% |
| CBOE Cboe Global Markets Inc. | 0.29% | 10,774 | $2.5M | Add +0.1% |
| CNI Canadian Natl Railway Co. | 0.28% | 23,550 | $2.5M | No change |
| INFL Horizon Kinetics Infl Benef | 0.28% | 57,788 | $2.4M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.28% | 15,869 | $2.4M | Reduce -24.7% |
| BLK BlackRock Inc. | 0.27% | 2,284 | $2.4M | Add +5.8% |
| EOG EOG Resources Inc. | 0.27% | 19,705 | $2.4M | Reduce -7.9% |
| NGD New Gold Inc. | 0.27% | 474,250 | $2.3M | Reduce -12.5% |
| GDXJ Vaneck Junior Gold Miners | 0.26% | 33,044 | $2.2M | Add +54.9% |
| CDX Simplify High Yield ETF | 0.25% | 94,731 | $2.2M | New |
| SKE Skeena Resources Ltd. | 0.25% | 138,900 | $2.2M | Add +195.5% |
| MCD McDonald's Corp. | 0.25% | 7,361 | $2.2M | Reduce -2.5% |
| ABT Abbott Laboratories | 0.24% | 15,667 | $2.1M | Add +0.7% |
| SIL Global X Silver Miners ETF | 0.24% | 43,663 | $2.1M | Reduce -0.8% |
| BX Blackstone Inc. | 0.24% | 14,024 | $2.1M | Reduce -2.8% |
Options reported separately and not counted above: LLY calls ($1.9M).
Other holdings (4): bonds, preferreds, convertibles and warrants · $3.8M (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 | $2.3M | No change |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 785,000 | $701K | Reduce -4.8% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 439 | $515K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 193 | $234K | No change |
Total filed on the 13F, all lines: $877.5M.
Portfolio Sells Q1 2025 → Q2 2025
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −1.24 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.87 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.76 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -9.1% | 2.27% | −0.64 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.59 |
| SONY Sony Group Corp. - SP ADR | Reduce -61.6% | 0.33% | −0.57 |
| MRK Merck & Co. Inc. | Reduce -55.0% | 0.20% | −0.34 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -78.2% | 0.10% | −0.33 |
| AAPL Apple Inc. | Reduce -8.2% | 1.27% | −0.32 |
| XOM Exxon Mobil Corp. | Reduce -0.9% | 1.44% | −0.26 |
| BANCOLOMBIA S.A.-SPONS ADR | Sold out | 0.00% | −0.24 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.24 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -67.6% | 0.10% | −0.23 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -86.5% | 0.03% | −0.19 |
| MDT Medtronic PLC | Reduce -22.3% | 0.43% | −0.18 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −0.16 |
| VWO Vanguard Ftse Emerging Marke | Reduce -77.0% | 0.05% | −0.15 |
| JNJ Johnson & Johnson | Reduce -24.7% | 0.28% | −0.15 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −0.14 |
| ABBV Abbvie Inc. | Reduce -0.9% | 0.67% | −0.14 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.14 |
| HNRG Hallador Energy Co. | Reduce -73.8% | 0.06% | −0.13 |
| SSNC Ss&c Technologies Holdings | Reduce -19.8% | 0.37% | −0.12 |
| GTX Garrett Motion Inc. | Sold out | 0.00% | −0.12 |
| EWH iShares MSCI Hong Kong ETF | Sold out | 0.00% | −0.12 |
| SMC Summit Midstream Corp. | Sold out | 0.00% | −0.12 |
| CVX Chevron Corp. | Reduce -0.7% | 0.47% | −0.12 |
| EPD Enterprise Products Partners | Reduce -2.8% | 0.58% | −0.12 |
| XLE SS Energy Select Sector | Reduce -6.5% | 0.44% | −0.11 |
| PEP Pepsico Inc. | Reduce -2.6% | 0.42% | −0.10 |
| ELMD Electromed Inc. | Sold out | 0.00% | −0.10 |
| ET Energy Transfer LP | Reduce -0.3% | 0.97% | −0.09 |
| INMB Inmune Bio Inc. | Sold out | 0.00% | −0.09 |
| SU Suncor Energy Inc. | Reduce -3.0% | 0.66% | −0.09 |
| BGC BGC Group Inc. Class A | Sold out | 0.00% | −0.08 |
| CTRA Coterra Energy Inc. | Reduce -34.8% | 0.09% | −0.08 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.08 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.07 |
| LION Lionsgate Studios Corp. | Sold out | 0.00% | −0.07 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.07 |
| RSI Rush Street Interactive Inc. | Sold out | 0.00% | −0.07 |
| WOW Wideopenwest Inc. | Sold out | 0.00% | −0.07 |
| EOG EOG Resources Inc. | Reduce -7.9% | 0.27% | −0.06 |
| FCNCA First Citizens Bcshs Class A | Reduce -72.3% | 0.02% | −0.06 |
| PBI Pitney Bowes Inc. | Sold out | 0.00% | −0.06 |
| TKO Tko Group Holdings Inc. | Sold out | 0.00% | −0.06 |
| WES Western Midstream Partners L | Reduce -5.5% | 0.29% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -43.5% | 0.12% | −0.05 |
| AR Antero Resources Corp. | Reduce -0.8% | 0.66% | −0.05 |
| CCNE CNB Financial Corp. | Reduce -41.2% | 0.06% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| LULU Lululemon Athletica Inc. | New | 0.75% | +0.75 |
| DEA Easterly Government Properti | New | 0.59% | +0.59 |
| IBIT iShares Bitcoin Trust ETF | Add +25.6% | 1.50% | +0.53 |
| EWY iShares MSCI South Korea ETF | Add +134.4% | 0.69% | +0.45 |
| CDX Simplify High Yield ETF | New | 0.25% | +0.25 |
| EWZ iShares MSCI Brazil ETF | Add +22.8% | 1.12% | +0.25 |
| ETHA iShares Ethereum Trust ETF | Add +390.1% | 0.29% | +0.25 |
| INDA iShares MSCI India ETF | Add +70.2% | 0.59% | +0.25 |
| MTBA Simplify MBS ETF | Add +25.8% | 1.57% | +0.24 |
| CRL Charles River Laboratories | Add +64.1% | 0.67% | +0.24 |
| PPLT Abrdn Physical Platinum SHRS | Add +117.8% | 0.37% | +0.24 |
| EWW iShares MSCI Mexico ETF | Add +51.0% | 0.54% | +0.22 |
| FXY Invesco Currencyshares Japan | Add +95.5% | 0.45% | +0.22 |
| GBFH Gbank Financial Holdings Inc. | New | 0.21% | +0.21 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +30.8% | 0.72% | +0.21 |
| CTA Simplify Managed Futures St | New | 0.20% | +0.20 |
| BLDR Builders Firstsource Inc. | New | 0.20% | +0.20 |
| SKE Skeena Resources Ltd. | Add +195.5% | 0.25% | +0.19 |
| PPTA Perpetua Resources Corp. | New | 0.19% | +0.19 |
| HSBC HSBC Holdings PLC-Spons ADR | New | 0.18% | +0.18 |
| SM SM Energy Co. | Add +63.4% | 0.86% | +0.18 |
| NVDA Nvidia Corp. | Add +62.0% | 0.32% | +0.18 |
| LYB Lyondellbasell Indu Class A | Add +67.5% | 0.76% | +0.17 |
| TEI Templeton Emrg MKTS Inc. | Add +1799.9% | 0.17% | +0.16 |
| PFIX Simplify Interest Rate Hedge | New | 0.16% | +0.16 |
| GXO Gxo Logistics Inc. | Add +2.6% | 0.93% | +0.16 |
| NXST Nexstar Media Group Inc. | New | 0.15% | +0.15 |
| AER Aercap Holdings NV | Add +5.7% | 1.19% | +0.14 |
| SAN Banco Santander SA-Spon ADR | Add +104.3% | 0.23% | +0.13 |
| GDX Vaneck Gold Miners ETF | Add +3.3% | 1.45% | +0.13 |
| CZR Caesars Entertainment Inc. | Add +14.7% | 0.70% | +0.13 |
| GSM Ferroglobe PLC | New | 0.12% | +0.12 |
| EWT iShares MSCI Taiwan ETF | New | 0.12% | +0.12 |
| PHYS Sprott Physical Gold Trust | Add +2.0% | 12.51% | +0.12 |
| VFC VF Corp. | Add +84.3% | 0.46% | +0.11 |
| GDXJ Vaneck Junior Gold Miners | Add +54.9% | 0.26% | +0.11 |
| AMZN Amazon.com Inc. | Add +9.5% | 0.67% | +0.11 |
| PSLV Sprott Physical Silver Trust | Add +10.1% | 1.23% | +0.10 |
| IA Innovative Solutions & Supp | Add +10.7% | 0.18% | +0.10 |
| TUA Sim St Treas Fut Strat ETF | Add +42.3% | 0.33% | +0.08 |
| JOF Japan Smaller Capitalization | Add +418.8% | 0.10% | +0.08 |
| ETN Eaton Corp. PLC | Add +0.7% | 0.42% | +0.08 |
| JAPN Horizon Kinetics Japan Owner | New | 0.08% | +0.08 |
| BIT BlackRock Multi-Sector Inc. | Add +190.0% | 0.12% | +0.07 |
| FXF Invesco Currencyshares Swiss | New | 0.07% | +0.07 |
| FEIM Frequency Electronics Inc. | New | 0.07% | +0.07 |
| DEO Diageo PLC-Sponsored ADR | Add +24.8% | 0.56% | +0.06 |
| CEF Sprott Physical Gold and Sil | Add +4.5% | 1.59% | +0.06 |
| ITRN Ituran Location and Control | Add +7.7% | 0.79% | +0.06 |
| VET Vermilion Energy Inc. | Add +385.4% | 0.08% | +0.06 |
Options Activity Q1 2025 → Q2 2025
| LLY Eli Lilly & Co. | call | Add +8.7% | 2,500 | $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 Q1 2025 → Q2 2025
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | Reduce -4.8% | 785,000 | $701K |
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 |