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

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 Q1 2025 Q2 2025: $873.7M $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 · $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%
FNV Franco-Nevada Corp. 0.23% 12,498 $2.0M No change
RRC Range Resources Corp. 0.23% 50,364 $2.0M Add +4.1%
SAN Banco Santander SA-Spon ADR 0.23% 241,250 $2.0M Add +104.3%
USCI United States Commodity Inde 0.23% 27,317 $2.0M Add +1.0%
LNG Cheniere Energy Inc. 0.23% 8,208 $2.0M Reduce -2.0%
NRP Natural Resource Partners LP 0.22% 19,975 $1.9M No change
NEM Newmont Corp. 0.22% 32,319 $1.9M Add +0.9%
TECK Teck Resources Ltd.-CLS B 0.21% 45,799 $1.8M Reduce -11.1%
MPLX MPLX LP 0.21% 35,565 $1.8M No change
GBFH Gbank Financial Holdings Inc. 0.21% 51,725 $1.8M New
ARDX Ardelyx Inc. 0.21% 463,430 $1.8M Add +0.1%
SLV iShares Silver Trust 0.21% 55,265 $1.8M Reduce -5.2%
XME SS SPDR S&P Metals Mining 0.20% 26,564 $1.8M Reduce -7.2%
MRK Merck & Co. Inc. 0.20% 22,055 $1.7M Reduce -55.0%
KO The Coca-Cola Co. 0.20% 24,661 $1.7M Reduce -0.2%
CTA Simplify Managed Futures St 0.20% 63,795 $1.7M New
BLDR Builders Firstsource Inc. 0.20% 14,601 $1.7M New
V Visa Inc. Class A 0.19% 4,790 $1.7M Reduce -5.4%
EMR Emerson Electric Co. 0.19% 12,439 $1.7M Reduce -2.0%
PPTA Perpetua Resources Corp. 0.19% 136,000 $1.7M New
FCX Freeport-McMoran Inc. 0.19% 37,668 $1.6M Reduce -17.5%
SLRC SLR Investment Corp. 0.19% 100,700 $1.6M Add +2.2%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.18% 26,525 $1.6M New
IA Innovative Solutions & Supp 0.18% 113,500 $1.6M Add +10.7%
TEI Templeton Emrg MKTS Inc. 0.17% 251,260 $1.5M Add +1799.9%
CNC Centene Corp. 0.17% 27,688 $1.5M No change
URTH iShares MSCI World ETF 0.17% 8,800 $1.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.17% 2,412 $1.5M Add +8.0%
HL Hecla Mining Co. 0.17% 246,330 $1.5M Add +28.1%
ARLP Alliance Resource Partners 0.17% 56,205 $1.5M No change
OXY Occidental Petroleum Corp. 0.17% 34,531 $1.5M Add +5.8%
BMY Bristol-Myers Squibb Co. 0.16% 30,962 $1.4M Add +1.8%
NBIS Nebius Group NV 0.16% 25,635 $1.4M Reduce -35.6%
SMFG Sumitomo Mitsui-Spons ADR 0.16% 93,850 $1.4M Reduce -8.3%
SGDM Sprott Gold Miners ETF 0.16% 31,301 $1.4M Reduce -0.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.16% 7,965 $1.4M Add +37.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.16% 15,422 $1.4M Reduce -13.2%
VTIP Vanguard Short-Term Tips 0.16% 27,788 $1.4M Reduce -1.1%
PFIX Simplify Interest Rate Hedge 0.16% 26,185 $1.4M New
VZ Verizon Communications Inc. 0.16% 31,405 $1.4M Reduce -2.2%
GE General Electric filed as GE AEROSPACE 0.15% 5,197 $1.3M Reduce -5.5%
AON Aon PLC Class A 0.15% 3,711 $1.3M No change
RTX RTX Corp. 0.15% 8,921 $1.3M Add +0.2%
LVS Las Vegas Sands Corp. 0.15% 29,922 $1.3M Add +6.2%
NXST Nexstar Media Group Inc. 0.15% 7,416 $1.3M New
CHX Championx Corp. 0.15% 51,614 $1.3M Add +46.9%
WM Waste Management Inc. 0.14% 5,472 $1.3M Reduce -5.0%
AM Antero Midstream Corp. 0.14% 64,500 $1.2M Reduce -6.5%
VST Vistra Corp. 0.14% 6,165 $1.2M Add +6.3%
PAVE Global X US Infrastructure 0.14% 27,215 $1.2M Add +4.7%
NXE Nexgen Energy Ltd. 0.13% 169,200 $1.2M Add +5.6%
BG Bunge Global SA 0.13% 14,605 $1.2M No change
BITB Bitwise Bitcoin ETF 0.13% 19,705 $1.2M Reduce -12.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.13% 2,628 $1.2M Add +16.6%
FEZ State Street SPDR Euro Stoxx 0.13% 18,580 $1.1M Add +67.5%
EC Ecopetrol SA-Sponsored ADR 0.13% 124,573 $1.1M Add +3.8%
SILJ Amplify Junior Silver Miners 0.12% 73,209 $1.1M Add +0.5%
GSM Ferroglobe PLC 0.12% 294,900 $1.1M New
CB Chubb Ltd. 0.12% 3,735 $1.1M Reduce -2.6%
EWT iShares MSCI Taiwan ETF 0.12% 18,740 $1.1M New
HD Home Depot Inc. 0.12% 2,897 $1.1M Reduce -2.2%
MOAT Vaneck Morningstar Wide Moat 0.12% 11,245 $1.1M Add +14.2%
BIT BlackRock Multi-Sector Inc. 0.12% 70,365 $1.0M Add +190.0%
META Meta Platforms Inc. Class A 0.12% 1,379 $1.0M Reduce -43.5%
AXP American Express Co. 0.12% 3,172 $1.0M Reduce -3.1%
UNH Unitedhealth Group Inc. 0.12% 3,231 $1.0M Add +4.1%
NATH Nathan's Famous Inc. 0.12% 9,100 $1.0M Reduce -4.7%
AMD Advanced Micro Devices 0.11% 7,030 $998K Reduce -5.4%
WPM Wheaton Precious Metals Corp. 0.11% 11,019 $990K Reduce -21.2%
VCSH Vanguard S/T Corp. Bond ETF 0.11% 12,331 $980K Reduce -0.1%
UNP Union Pacific Corp. 0.11% 4,250 $978K Add +2.3%
PSA Public Storage 0.11% 3,294 $967K No change
OMAB Grupo Aeroportuario Cen-ADR 0.11% 9,005 $950K Add +0.8%
BILS SS Spdrb B 3-12M T-Bill ETF 0.11% 9,490 $944K Add +56.1%
ILF iShares Latin America 40 ETF 0.11% 35,712 $936K Reduce -1.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.11% 4,761 $928K Add +25.1%
ENB Enbridge Inc. 0.11% 20,338 $921K Reduce -1.2%
FAX Abrdn Asia-Pacific Income 0.11% 57,667 $918K Add +31.8%
ALL Allstate Corp. 0.10% 4,548 $916K Reduce -0.6%
BIL SS SPDR BB 1-3M T-Bill ETF 0.10% 9,746 $894K Reduce -67.6%
AEP American Electric Power 0.10% 8,579 $890K Add +2.4%
JOF Japan Smaller Capitalization 0.10% 91,399 $881K Add +418.8%
ASA ASA Gold and Precious Metals 0.10% 27,770 $877K Reduce -4.8%
COST Costco Wholesale Corp. 0.10% 879 $870K Reduce -4.9%
NKE Nike Inc. Class B 0.10% 12,151 $863K Add +2.8%
BUD Anheuser-Busch Inbev-SPN ADR 0.10% 12,543 $862K Reduce -78.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 2,903 $856K Reduce -2.5%
VAL Valaris Ltd. 0.10% 19,815 $834K Add +33.9%
TDW Tidewater Inc. 0.10% 18,069 $834K Reduce -27.1%
PG The Procter & Gamble Co. 0.10% 5,215 $831K No change
VALE Vale SA-SP ADR 0.09% 84,880 $824K Reduce -3.2%
ITA iShares U.S. Aerospace & Def 0.09% 4,297 $811K No change
CTRA Coterra Energy Inc. 0.09% 31,878 $809K Reduce -34.8%
EDD Morgan Stanley Emrg MRK Dom 0.09% 156,408 $801K Add +22.7%
DBA Invesco DB Agriculture Fund 0.09% 30,570 $799K Reduce -1.9%
VRP Invesco Variable Rate Prefer 0.09% 31,935 $781K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.09% 14,790 $780K No change
NEE Nextera Energy Inc. 0.09% 11,169 $775K No change
SOC Sable Offshore Corp. 0.09% 34,240 $753K Add +24.6%
HOOD Robinhood Markets Inc. Class A 0.09% 8,000 $749K Add +33.3%
VLO Valero Energy Corp. 0.08% 5,460 $734K No change
RA Brookfield Real Assets Incom 0.08% 54,814 $733K Add +47.7%
FDX FedEx Corp. 0.08% 3,224 $733K Add +1.2%
SPG Simon Property Group Inc. 0.08% 4,490 $722K Reduce -0.6%
LB Landbridge Co. LLC-A 0.08% 10,500 $710K Reduce -20.4%
JAPN Horizon Kinetics Japan Owner 0.08% 25,050 $702K New
VET Vermilion Energy Inc. 0.08% 95,875 $699K Add +385.4%
HON Honeywell International Inc. 0.08% 2,979 $694K No change
CPNG Coupang Inc. 0.08% 22,900 $686K Add +35.5%
NTR Nutrien Ltd. 0.08% 11,691 $680K Reduce -11.5%
ADP Automatic Data Processing 0.07% 2,126 $656K No change
AVAV Aerovironment Inc. 0.07% 2,275 $648K Add +26.4%
CFG Citizens Financial Group 0.07% 14,366 $643K Reduce -1.7%
GD General Dynamics Corp. 0.07% 2,199 $641K No change
SFM Sprouts Farmers Market Inc. 0.07% 3,870 $637K Reduce -7.2%
GUNR NT Mstar GLBL NR ETF 0.07% 15,820 $635K Reduce -3.5%
FXF Invesco Currencyshares Swiss 0.07% 5,590 $625K New
COP Conocophillips 0.07% 6,871 $617K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.07% 18,053 $610K Add +1.4%
CLPT Clearpoint Neuro Inc. 0.07% 50,575 $604K Add +3.6%
EXE Expand Energy Corp. 0.07% 5,111 $598K Add +5.6%
QCOM Qualcomm Inc. 0.07% 3,750 $597K Add +4.2%
ZBRA Zebra Technologies Corp. Class A 0.07% 1,935 $597K No change
DOUG Douglas Elliman Inc. 0.07% 255,500 $593K Add +34.1%
WTFC Wintrust Financial Corp. 0.07% 4,750 $589K Reduce -17.4%
NLY Annaly Capital Management Inc. 0.07% 31,274 $589K Add +8.2%
T AT&T Inc. 0.07% 20,043 $580K Reduce -14.7%
FEIM Frequency Electronics Inc. 0.07% 25,450 $578K New
CCNE CNB Financial Corp. 0.06% 24,620 $563K Reduce -41.2%
CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A 0.06% 27,265 $552K Reduce -12.8%
XLI SS Industrial Select Sector 0.06% 3,716 $548K No change
TSLA Tesla Inc. 0.06% 1,661 $528K Add +12.9%
GILD Gilead Sciences Inc. 0.06% 4,710 $522K Reduce -6.0%
VCIT Vanguard Int-Term Corporate 0.06% 6,239 $517K Add +3.7%
DHT DHT Holdings Inc. 0.06% 47,500 $513K Reduce -11.2%
SAP Sap SE-Sponsored ADR 0.06% 1,685 $512K New
TSM Taiwan Semiconductor-SP ADR 0.06% 2,260 $512K Reduce -10.9%
HNRG Hallador Energy Co. 0.06% 32,250 $511K Reduce -73.8%
SBUX Starbucks Corp. 0.06% 5,549 $508K Reduce -4.4%
LLY Eli Lilly & Co. 0.06% 644 $502K Add +2.4%
GVAL Cambria Global Value ETF 0.06% 18,195 $495K Reduce -5.2%
CORZ Core Scientific Inc. 0.06% 28,975 $495K New
FXE Invesco Currencyshares Euro 0.06% 4,500 $490K New
BTC Grayscale Bitcoin Mini ETF 0.06% 10,156 $485K Reduce -1.6%
LXU LSB Industries Inc. 0.05% 61,520 $480K Reduce -52.3%
PRTH Priority Technology Holdings 0.05% 61,400 $478K Reduce -30.2%
XOP SS SPDR S&P Og Exp & Prod 0.05% 3,760 $473K Add +23.6%
SNY Sanofi-ADR 0.05% 9,687 $468K Reduce -1.8%
VTRS Viatris Inc. 0.05% 52,354 $468K Reduce -2.4%
TIP iShares Tips Bond ETF 0.05% 4,146 $456K Add +15.3%
PLTR Palantir Technologies Inc. Class A 0.05% 3,315 $452K Reduce -25.2%
UTES Virtus Reaves Utilities ETF 0.05% 5,900 $446K Add +63.9%
COPX Global X Copper Miners ETF 0.05% 9,845 $443K Reduce -14.2%
HIGH Simplify Enhanced Income ETF 0.05% 18,240 $442K Reduce -11.6%
BCS Barclays PLC-Spons ADR 0.05% 23,450 $436K Add +113.2%
WTW Willis Towers Watson PLC 0.05% 1,383 $424K Reduce -8.3%
FLYW Flywire Corp.-Voting 0.05% 36,000 $421K New
SPGI S&P Global Inc. 0.05% 797 $420K No change
ATEX Anterix Inc. 0.05% 16,250 $417K New
VWO Vanguard Ftse Emerging Marke 0.05% 8,413 $416K Reduce -77.0%
AAAU Goldman Sachs Physical Gold 0.05% 12,200 $399K No change
PBR Petroleo Brasileiro-Spon ADR 0.05% 31,852 $398K Add +3.2%
URNM Sprott Uranium Miners ETF 0.05% 8,255 $396K No change
IEX Idex Corp. 0.05% 2,250 $395K No change
FLEX Flex Ltd. 0.04% 7,850 $392K New
SRBK Sr Bancorp Inc. 0.04% 29,000 $392K New
EWJ iShares MSCI Japan ETF 0.04% 5,186 $389K Reduce -7.3%
LMT Lockheed Martin Corp. 0.04% 815 $377K Reduce -1.2%
HCC Warrior Met Coal Inc. 0.04% 8,075 $370K Reduce -25.8%
GNK Genco Shipping & Trading Ltd. 0.04% 28,235 $369K Reduce -9.6%
UTF Cohen & Steers Infrastructur 0.04% 13,625 $367K Reduce -3.5%
FCG First Trust Natural Gas ETF 0.04% 15,870 $367K Add +21.0%
ECH iShares MSCI Chile ETF 0.04% 11,644 $366K New
LWAY Lifeway Foods Inc. 0.04% 14,750 $364K New
RBLX Roblox Corp. Class A 0.04% 3,430 $361K Reduce -0.8%
BA The Boeing Co. 0.04% 1,700 $356K Reduce -53.7%
GEL Genesis Energy L.P. 0.04% 20,500 $353K New
ARKF ARK Blockchain & Fintech Inn 0.04% 7,020 $353K No change
LIN Linde PLC 0.04% 749 $351K No change
VPG Vishay Precision Group 0.04% 12,500 $351K New
MLPX Global X MLP & Energy Infras 0.04% 5,600 $351K No change
EWS iShares MSCI Singapore ETF 0.04% 13,445 $349K New
NRG NRG Energy Inc. 0.04% 2,150 $345K No change
CAT Caterpillar Inc. 0.04% 886 $344K Add +12.7%
OSISKO DEVELOPMENT CORP 0.04% 157,500 $337K Add +103.2%
BP BP PLC-Spons ADR 0.04% 11,196 $335K Add +8.2%
EME Emcor Group Inc. 0.04% 625 $334K No change
MFC Manulife Financial Corp. 0.04% 10,424 $333K Reduce -1.9%
KDEF Plus Korea Defns Ind Id ETF 0.04% 8,000 $330K New
PALL Abrdn Physical Palladium SHS 0.04% 3,200 $322K New
IVV iShares Core S&P 500 ETF 0.04% 512 $318K Add +12.3%
ITUB Itau Unibanco H-Spon PRF ADR 0.04% 46,125 $313K Add +27.7%
EVR Evercore Inc. Class A 0.04% 1,150 $311K Reduce -1.7%
PSTL Postal Realty Trust Inc. Class A 0.04% 21,065 $310K Add +30.8%
DFIV Dimensional International Va 0.03% 7,105 $304K Add +13.3%
XLF SS Financial Select Sector 0.03% 5,765 $302K Reduce -3.0%
USB US Bancorp 0.03% 6,669 $302K Reduce -0.1%
CVS CVS Health Corp. 0.03% 4,325 $298K Reduce -5.5%
HR Healthcare Realty Trust Inc. 0.03% 18,500 $293K Reduce -11.9%
PFE Pfizer Inc. 0.03% 12,059 $292K Add +18.5%
EQT Eqt Corp. 0.03% 4,860 $283K Reduce -9.3%
PBF PBF Energy Inc. Class A 0.03% 13,000 $282K Add +30.0%
PH Parker Hannifin Corp. 0.03% 400 $279K No change
HEI Heico Corp. 0.03% 850 $279K No change
NE Noble Corp. PLC 0.03% 10,400 $276K New
SKYT Skywater Technology Inc. 0.03% 28,000 $276K New
MLM Martin Marietta Materials 0.03% 490 $269K No change
VTI VG Morningstar TS MKT ETF-US 0.03% 885 $269K Reduce -86.5%
AZN Astrazeneca PLC-Spons ADR 0.03% 3,650 $255K Add +4.2%
SHEL Shell PLC-ADR 0.03% 3,613 $254K No change
NSC Norfolk Southern Corp. 0.03% 992 $254K Add +5.6%
ORCL Oracle Corp. 0.03% 1,145 $250K Reduce -38.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.03% 894 $250K New
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.03% 3,000 $248K New
DEFT Defi Technologies Inc. 0.03% 85,000 $246K New
BXMT Blackstone Mortgage Tru Class A 0.03% 12,683 $244K Reduce -1.2%
ITW Illinois Tool Works 0.03% 974 $241K Reduce -17.0%
IYE iShares U.S. Energy ETF 0.03% 5,325 $241K Add +0.9%
RCL Royal Caribbean Cruises Ltd. 0.03% 764 $239K New
CTAS Cintas Corp. 0.03% 1,060 $236K No change
BSM Black Stone Minerals LP 0.03% 18,000 $235K No change
CEPO Cantor Equity Partners I-A 0.03% 19,500 $232K New
MS Morgan Stanley 0.03% 1,635 $230K New
CLF Cleveland-Cliffs Inc. 0.03% 29,600 $225K Add +3.5%
CQP Cheniere Energy Partners LP 0.03% 4,000 $224K No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.03% 31,000 $224K Reduce -41.3%
DVYE iShares Emerging Markets Div 0.03% 7,735 $222K New
XBI SS SPDR S&P Biotech ETF 0.03% 2,655 $220K Reduce -15.8%
TIPT Tiptree Inc. 0.03% 9,300 $219K New
TT Trane Technologies PLC 0.03% 500 $219K New
GT Goodyear Tire & Rubber Co. 0.02% 20,900 $217K New
NFLX Netflix Inc. 0.02% 160 $214K New
VB Vanguard Most SM-Cap ETF-Usd 0.02% 887 $210K New
EUFN iShares MSCI Europe Financia 0.02% 6,635 $210K New
KT KT Corp.-SP ADR 0.02% 10,050 $209K New
FCNCA First Citizens Bcshs Class A 0.02% 105 $205K Reduce -72.3%
RCAT Red Cat Holdings Inc. 0.02% 22,500 $164K Reduce -30.8%
AESI Atlas Energy Solutions Inc. 0.02% 12,150 $162K Reduce -52.8%
GAB Gabelli Equity Trust 0.02% 27,879 $162K Add +2.4%
LCNB LCNB Corporation 0.02% 10,576 $154K New
GTN Gray Media Inc. 0.02% 30,500 $138K New
AIOT Powerfleet Inc. 0.01% 29,000 $125K New
SOUN Soundhound AI Inc. Class A 0.01% 10,000 $107K New
NG Novagold Resources Inc. 0.01% 21,000 $86K New
GGB Gerdau SA -Spon ADR 0.01% 26,000 $76K No change
DVS Dolly Varden Silver Ltd. 0.01% 22,500 $75K New
HIO Western Asset Hi Inc. Opport 0.01% 14,873 $59K No change
NAK Northern Dynasty Minerals 0.01% 40,000 $54K New
NOK Nokia Corp.-Spon ADR 0.01% 10,002 $52K No change
DYAI Dyadic International Inc. 0.01% 47,020 $47K No change
LYG Lloyds Banking Group PLC-ADR 0.00% 10,000 $43K New
MSOS Advisorshares Pure US Cann 0.00% 14,791 $36K Reduce -52.5%
CLOV Clover Health Investments Co. 0.00% 10,500 $29K No change
MRVI Maravai Lifesciences Hldgs-A 0.00% 12,000 $29K Reduce -52.0%
IOVA Iovance Biotherapeutics Inc. 0.00% 11,050 $19K Reduce -60.6%

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

Other holdings (4): bonds, preferreds, convertibles and warrants · $3.8M (not counted above)
SecurityClassShares / PrincipalValueChange
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 2,000,000$2.3MNo change
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 785,000$701KReduce -4.8%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 439$515KNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 193$234KNo 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

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