Stansberry Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Stansberry Asset Management, LLC reported 134 stock positions worth $865.3 million. Its top holding was Axis Capital (AXS) at 3.4% of the portfolio, followed by Visa Class A (V, 2.9%) and Microsoft (MSFT, 2.9%). Compared with Q1 2025, it opened 17 new positions, sold out of 6, added to 61 and reduced 52. The biggest buy was a new position in iShares MBS ETF (MBB) and the biggest sale Shell PLC-ADR (SHEL, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- Westlake, TX
- CIK
- 0001725910
- Portfolio Value
- $865.3M (Q2 2025)
- SEC Filing
- 0000919574-25-004842 ↗ filed Aug 14, 2025
Holdings Value
Holdings 134 stocks · $865.3M
| AXS Axis Capital Holdings Ltd. | 3.38% | 281,583 | $29.2M | Add +0.3% |
| V Visa Inc. Class A | 2.93% | 71,474 | $25.4M | Reduce -3.7% |
| MSFT Microsoft Corp. | 2.89% | 50,301 | $25.0M | Add +0.9% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.85% | 336,222 | $24.7M | Reduce -21.1% |
| SGOV iShares 0-3 Month Treasury B | 2.84% | 243,730 | $24.5M | Reduce -24.2% |
| GOOGL Alphabet Inc. Class A | 2.77% | 135,767 | $23.9M | Reduce -15.9% |
| AMZN Amazon.com Inc. | 2.72% | 107,096 | $23.5M | Reduce -17.2% |
| CME Cme Group Inc. | 2.53% | 79,584 | $21.9M | Add +72.8% |
| MBB iShares MBS ETF | 2.40% | 221,614 | $20.8M | New |
| TLT iShares 20+ Year Treasury BD | 2.17% | 212,783 | $18.8M | New |
| KO The Coca-Cola Co. | 2.15% | 263,020 | $18.6M | Reduce -16.7% |
| MELI MercadoLibre Inc. | 1.96% | 6,477 | $16.9M | Reduce -6.2% |
| MKL Markel Group Inc. | 1.94% | 8,413 | $16.8M | Add +99.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.92% | 510,279 | $16.6M | Add +9.7% |
| COCO The Vita Coco Co. Inc. | 1.85% | 442,657 | $16.0M | Add +0.6% |
| DPZ Domino's Pizza Inc. | 1.77% | 33,970 | $15.3M | Add +0.8% |
| FISV Fiserv Inc. | 1.67% | 83,624 | $14.4M | Reduce -21.4% |
| ICE Intercontinental Exchange Inc. | 1.63% | 77,030 | $14.1M | Add +2.3% |
| JMBS Janus Henderson Mortg Backed | 1.56% | 300,423 | $13.5M | Add +134.3% |
| VRSK Verisk Analytics Inc. | 1.55% | 42,921 | $13.4M | Add +27.1% |
| B Barrick Mining Corp. | 1.53% | 634,743 | $13.2M | Reduce -11.5% |
| PSMT Pricesmart Inc. | 1.51% | 124,788 | $13.1M | Reduce -2.2% |
| TKR Timken Co. | 1.46% | 174,536 | $12.7M | Reduce -35.4% |
| NVDA Nvidia Corp. | 1.43% | 78,549 | $12.4M | Add +5.7% |
| AXP American Express Co. | 1.43% | 38,858 | $12.4M | Add +1.1% |
| CBOE Cboe Global Markets Inc. | 1.40% | 51,907 | $12.1M | Add +1.0% |
| CRH CRH PLC | 1.39% | 131,286 | $12.1M | Reduce -12.6% |
| AIR Aar Corp. | 1.35% | 169,813 | $11.7M | Reduce -1.3% |
| SPGI S&P Global Inc. | 1.33% | 21,897 | $11.5M | Add +0.7% |
| FIX Comfort Systems USA Inc. | 1.27% | 20,530 | $11.0M | Add +81.3% |
| AEM Agnico Eagle Mines Ltd. | 1.27% | 92,042 | $10.9M | Add +79.0% |
| KYN Kayne Anderson Energy Infra | 1.22% | 829,048 | $10.5M | Reduce -31.4% |
| TRV The Travelers Cos Inc. | 1.21% | 39,136 | $10.5M | Add +3.1% |
| TFPM Triple Flag Precious Met | 1.18% | 429,872 | $10.2M | Reduce -3.1% |
| VRSN Verisign Inc. | 1.15% | 34,538 | $10.0M | Add +143.1% |
| META Meta Platforms Inc. Class A | 1.10% | 12,886 | $9.5M | Reduce -32.5% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 1.09% | 52,346 | $9.4M | Add +1.1% |
| AMLP Alerian MLP ETF | 1.07% | 190,187 | $9.3M | Add +125.0% |
| KVUE Kenvue Inc. | 1.07% | 440,465 | $9.2M | Add +103.5% |
| VRRM Verra Mobility Corp. | 1.04% | 354,726 | $9.0M | Reduce -1.3% |
| LLY Eli Lilly & Co. | 1.04% | 11,552 | $9.0M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.01% | 17,964 | $8.7M | Add +172.8% |
| INTU Intuit Inc. | 0.98% | 10,743 | $8.5M | Add +4.8% |
| OR Or Royalties Inc. | 0.96% | 323,698 | $8.3M | Reduce -15.3% |
| ZETA Zeta Global Holdings Corp. Class A | 0.94% | 527,773 | $8.2M | Reduce -1.9% |
| ALLE Allegion PLC | 0.89% | 53,549 | $7.7M | Reduce -41.3% |
| ANSS Ansys Inc. | 0.84% | 20,708 | $7.3M | Reduce -40.3% |
| CSL Carlisle Cos Inc. | 0.84% | 19,398 | $7.2M | Reduce -1.2% |
| UGI Ugi Corp. | 0.82% | 195,265 | $7.1M | New |
| RITM Rithm Capital Corp. | 0.78% | 596,651 | $6.7M | Add +402.9% |
| VZ Verizon Communications Inc. | 0.77% | 153,040 | $6.6M | Add +3.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.76% | 94,778 | $6.5M | Add +0.1% |
| ABEV Ambev SA-ADR | 0.73% | 2,617,541 | $6.3M | Add +304.2% |
| RGLD Royal Gold Inc. | 0.73% | 35,468 | $6.3M | Add +793.6% |
| MCD McDonald's Corp. | 0.72% | 21,402 | $6.3M | Add +367.7% |
| SHEL Shell PLC-ADR | 0.72% | 88,692 | $6.2M | Reduce -74.5% |
| PLNT Planet Fitness Inc. Class A | 0.72% | 57,098 | $6.2M | Add +416.7% |
| SNOW Snowflake Inc. | 0.70% | 27,117 | $6.1M | Add +522.2% |
| KNSL Kinsale Capital Group Inc. | 0.67% | 12,015 | $5.8M | New |
| MTN Vail Resorts Inc. | 0.64% | 35,139 | $5.5M | Reduce -0.6% |
| KGC Kinross Gold Corp. | 0.63% | 351,149 | $5.5M | Reduce -57.6% |
| FLUT Flutter Entertainment PLC-Di | 0.57% | 17,137 | $4.9M | Add +8.5% |
| DHR Danaher Corp. | 0.56% | 24,585 | $4.9M | Add +1.8% |
| HSY The Hershey Co. | 0.54% | 28,157 | $4.7M | Add +4.5% |
| HD Home Depot Inc. | 0.53% | 12,472 | $4.6M | Add +8.1% |
| NVR NVR Inc. | 0.51% | 603 | $4.5M | Add +1.0% |
| XYL Xylem Inc. | 0.49% | 32,842 | $4.2M | Reduce -3.2% |
| AAPL Apple Inc. | 0.49% | 20,537 | $4.2M | Reduce -58.5% |
| EZBC Franklin Bitcoin ETF | 0.48% | 66,181 | $4.1M | Add +3.1% |
| GLDM SPDR Gold Minishares Trust | 0.41% | 53,858 | $3.5M | Add +8.2% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.35% | 116,648 | $3.0M | Reduce -2.3% |
| FNV Franco-Nevada Corp. | 0.33% | 17,640 | $2.9M | Add +10.0% |
| CTAS Cintas Corp. | 0.33% | 12,739 | $2.8M | Add +9.8% |
| LMT Lockheed Martin Corp. | 0.32% | 6,014 | $2.8M | Add +8.3% |
| STR Sitio Royalties Corp. Class A | 0.30% | 139,722 | $2.6M | Reduce -2.0% |
| RNR Renaissancere Holdings Ltd. | 0.29% | 10,421 | $2.5M | Reduce -66.4% |
| DDOG Datadog Inc. Class A | 0.27% | 17,372 | $2.3M | Reduce -59.3% |
| SBUX Starbucks Corp. | 0.26% | 24,757 | $2.3M | Add +10.4% |
| C Citigroup Inc. | 0.24% | 23,993 | $2.0M | Add +4.4% |
| FBTC Fidelity Wise Origin Bitcoin | 0.24% | 21,647 | $2.0M | Reduce -0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 6,472 | $1.9M | Add +4.7% |
| ITB iShares U.S. Home Constructi | 0.22% | 20,102 | $1.9M | Add +9.3% |
| LAMR Lamar Advertising Co. Class A | 0.21% | 14,773 | $1.8M | Reduce -17.9% |
| ABNB Airbnb Inc. Class A | 0.20% | 12,893 | $1.7M | Reduce -55.7% |
| GBTC Grayscale Bitcoin Trust ETF | 0.19% | 19,772 | $1.7M | Reduce -3.8% |
| HROW Harrow Inc. | 0.17% | 48,291 | $1.5M | Reduce -5.7% |
| GD General Dynamics Corp. | 0.16% | 4,609 | $1.3M | Add +4.2% |
| PH Parker Hannifin Corp. | 0.15% | 1,875 | $1.3M | Reduce -86.5% |
| AFG American Financial Group Inc. | 0.13% | 9,212 | $1.2M | Add +7.5% |
| BXSL Blackstone Secured Lending F | 0.13% | 36,700 | $1.1M | Reduce -81.3% |
| AOS Smith (a.o.) Corp. | 0.13% | 16,674 | $1.1M | New |
| CRM Salesforce Inc. | 0.12% | 3,832 | $1.0M | Reduce -78.3% |
| ESGR Enstar Group Ltd. | 0.11% | 2,845 | $957K | Add +0.7% |
| NEM Newmont Corp. | 0.10% | 15,298 | $891K | Add +8.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.10% | 11,890 | $856K | New |
| PAAS Pan American Silver Corp. | 0.10% | 29,179 | $829K | Add +8.0% |
| SGDJ Sprott Jr. Gold Miners ETF | 0.09% | 16,189 | $805K | Add +8.1% |
| SNAP Snap Inc. Class A | 0.09% | 88,917 | $773K | Add +33.8% |
| GDX Vaneck Gold Miners ETF | 0.09% | 14,779 | $769K | Add +8.2% |
| CSGP Costar Group Inc. | 0.08% | 9,109 | $732K | Reduce -5.5% |
| WIW Western Asst Infl-LNK Opp | 0.08% | 83,327 | $730K | Add +6.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.08% | 1 | $729K | New |
| ASML ASML Holding NV-NY Reg SHS | 0.08% | 869 | $696K | Reduce -90.4% |
| SSD Simpson Manufacturing Co. Inc. | 0.08% | 4,283 | $665K | Reduce -5.4% |
| TSLA Tesla Inc. | 0.08% | 2,079 | $660K | New |
| CTLP Cantaloupe Inc. | 0.08% | 59,679 | $656K | Reduce -49.7% |
| CWH Camping World Holdings Inc. Class A | 0.07% | 36,907 | $634K | Reduce -5.5% |
| SAND Sandstorm Gold Ltd. | 0.07% | 67,319 | $633K | Add +8.4% |
| HQY Healthequity Inc. | 0.07% | 6,037 | $632K | Reduce -5.5% |
| NKE Nike Inc. Class B | 0.07% | 8,412 | $598K | New |
| FANG Diamondback Energy Inc. | 0.06% | 4,083 | $561K | Add +4.7% |
| DOCS Doximity Inc. Class A | 0.06% | 8,858 | $543K | New |
| SA Seabridge Gold Inc. | 0.06% | 36,132 | $525K | Add +7.5% |
| BILL Bill Holdings Inc. | 0.06% | 11,184 | $517K | Reduce -6.0% |
| EQX Equinox Gold Corp. | 0.05% | 81,730 | $471K | Add +8.7% |
| GNRC Generac Holdings Inc. | 0.05% | 3,268 | $468K | Reduce -5.6% |
| SELF Global Self Storage Inc. | 0.05% | 84,329 | $450K | Add +4.6% |
| KD Kyndryl Holdings Inc. | 0.05% | 10,425 | $437K | New |
| GRAB Grab Holdings Ltd. Class A | 0.05% | 86,577 | $435K | New |
| ADBE Adobe Inc. | 0.05% | 1,110 | $429K | New |
| DASH DoorDash Inc. Class A | 0.05% | 1,673 | $412K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.05% | 1,802 | $408K | No change |
| WING Wingstop Inc. | 0.04% | 1,126 | $379K | New |
| GOOG Alphabet Inc. Class C | 0.04% | 1,998 | $354K | Reduce -31.8% |
| VGIT Vanguard Intermediate-Term T | 0.04% | 5,835 | $349K | Add +3.0% |
| INTT Intest Corp. | 0.04% | 46,983 | $342K | Reduce -46.0% |
| ABBV Abbvie Inc. | 0.04% | 1,781 | $331K | Reduce -2.7% |
| BEPC Brookfield Renewable Corp. | 0.04% | 9,280 | $304K | New |
| AVGO Broadcom Inc. | 0.04% | 1,098 | $303K | Reduce -50.3% |
| XOM Exxon Mobil Corp. | 0.03% | 2,793 | $301K | No change |
| SHLS Shoals Technologies Group -A | 0.03% | 64,198 | $273K | Reduce -5.7% |
| DFAC Dimensional US Core Equity 2 | 0.03% | 7,546 | $270K | No change |
| CEF Sprott Physical Gold and Sil | 0.02% | 7,170 | $216K | No change |
| PSLV Sprott Physical Silver Trust | 0.02% | 11,421 | $140K | New |
Other holdings (7): bonds, preferreds, convertibles and warrants · $49.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 17,519,000 | $16.4M | Reduce -3.2% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 11,671,000 | $10.6M | Reduce -0.3% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 9,531,000 | $8.1M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 172,564 | $6.5M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 6,280,000 | $6.1M | Add +1.3% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 1,845,000 | $1.7M | Add +4.7% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 427,000 | $382K | New |
Total filed on the 13F, all lines: $915.1M.
Portfolio Sells Q1 2025 → Q2 2025
| SHEL Shell PLC-ADR | Reduce -74.5% | 0.72% | −2.48 |
| FISV Fiserv Inc. | Reduce -21.4% | 1.67% | −1.28 |
| SGOV iShares 0-3 Month Treasury B | Reduce -24.2% | 2.84% | −1.22 |
| TKR Timken Co. | Reduce -35.4% | 1.46% | −0.97 |
| WRB WR Berkley Corp. | Reduce -21.1% | 2.85% | −0.95 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.93 |
| PH Parker Hannifin Corp. | Reduce -86.5% | 0.15% | −0.91 |
| AAPL Apple Inc. | Reduce -58.5% | 0.49% | −0.89 |
| KYN Kayne Anderson Energy Infra | Reduce -31.4% | 1.22% | −0.73 |
| KO The Coca-Cola Co. | Reduce -16.7% | 2.15% | −0.69 |
| KGC Kinross Gold Corp. | Reduce -57.6% | 0.63% | −0.68 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -90.4% | 0.08% | −0.67 |
| BXSL Blackstone Secured Lending F | Reduce -81.3% | 0.13% | −0.66 |
| RNR Renaissancere Holdings Ltd. | Reduce -66.4% | 0.29% | −0.64 |
| ALLE Allegion PLC | Reduce -41.3% | 0.89% | −0.60 |
| ANSS Ansys Inc. | Reduce -40.3% | 0.84% | −0.54 |
| CRM Salesforce Inc. | Reduce -78.3% | 0.12% | −0.47 |
| AMZN Amazon.com Inc. | Reduce -17.2% | 2.72% | −0.37 |
| GOOGL Alphabet Inc. Class A | Reduce -15.9% | 2.77% | −0.37 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.34 |
| V Visa Inc. Class A | Reduce -3.7% | 2.93% | −0.33 |
| META Meta Platforms Inc. Class A | Reduce -32.5% | 1.10% | −0.28 |
| CRH CRH PLC | Reduce -12.6% | 1.39% | −0.27 |
| DDOG Datadog Inc. Class A | Reduce -59.3% | 0.27% | −0.26 |
| ABNB Airbnb Inc. Class A | Reduce -55.7% | 0.20% | −0.24 |
| B Barrick Mining Corp. | Reduce -11.5% | 1.53% | −0.22 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.14 |
| MTN Vail Resorts Inc. | Reduce -0.6% | 0.64% | −0.07 |
| STR Sitio Royalties Corp. Class A | Reduce -2.0% | 0.30% | −0.06 |
| VSTS Vestis Corp. | Sold out | 0.00% | −0.06 |
| OR Or Royalties Inc. | Reduce -15.3% | 0.96% | −0.05 |
| LAMR Lamar Advertising Co. Class A | Reduce -17.9% | 0.21% | −0.05 |
| U Unity Software Inc. | Sold out | 0.00% | −0.05 |
| CTLP Cantaloupe Inc. | Reduce -49.7% | 0.08% | −0.04 |
| INTT Intest Corp. | Reduce -46.0% | 0.04% | −0.04 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Reduce -2.3% | 0.35% | −0.03 |
| FAF First American Financial | Sold out | 0.00% | −0.03 |
| XYL Xylem Inc. | Reduce -3.2% | 0.49% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -31.8% | 0.04% | −0.02 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -5.4% | 0.08% | −0.01 |
| AVGO Broadcom Inc. | Reduce -50.3% | 0.04% | −0.01 |
| CSGP Costar Group Inc. | Reduce -5.5% | 0.08% | −0.01 |
| ABBV Abbvie Inc. | Reduce -2.7% | 0.04% | −0.01 |
| BILL Bill Holdings Inc. | Reduce -6.0% | 0.06% | −0.01 |
| CWH Camping World Holdings Inc. Class A | Reduce -5.5% | 0.07% | −0.01 |
| CSL Carlisle Cos Inc. | Reduce -1.2% | 0.84% | −0.00 |
| GNRC Generac Holdings Inc. | Reduce -5.6% | 0.05% | −0.00 |
| HROW Harrow Inc. | Reduce -5.7% | 0.17% | −0.00 |
| HQY Healthequity Inc. | Reduce -5.5% | 0.07% | +0.00 |
| SHLS Shoals Technologies Group -A | Reduce -5.7% | 0.03% | +0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| MBB iShares MBS ETF | New | 2.40% | +2.40 |
| TLT iShares 20+ Year Treasury BD | New | 2.17% | +2.17 |
| CME Cme Group Inc. | Add +72.8% | 2.53% | +1.00 |
| MKL Markel Group Inc. | Add +99.0% | 1.94% | +0.95 |
| JMBS Janus Henderson Mortg Backed | Add +134.3% | 1.56% | +0.84 |
| UGI Ugi Corp. | New | 0.82% | +0.82 |
| FIX Comfort Systems USA Inc. | Add +81.3% | 1.27% | +0.81 |
| VRSN Verisign Inc. | Add +143.1% | 1.15% | +0.70 |
| KNSL Kinsale Capital Group Inc. | New | 0.67% | +0.67 |
| RGLD Royal Gold Inc. | Add +793.6% | 0.73% | +0.65 |
| SNOW Snowflake Inc. | Add +522.2% | 0.70% | +0.62 |
| RITM Rithm Capital Corp. | Add +402.9% | 0.78% | +0.61 |
| PLNT Planet Fitness Inc. Class A | Add +416.7% | 0.72% | +0.59 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +172.8% | 1.01% | +0.57 |
| AEM Agnico Eagle Mines Ltd. | Add +79.0% | 1.27% | +0.57 |
| MSFT Microsoft Corp. | Add +0.9% | 2.89% | +0.54 |
| MCD McDonald's Corp. | Add +367.7% | 0.72% | +0.54 |
| ABEV Ambev SA-ADR | Add +304.2% | 0.73% | +0.54 |
| AMLP Alerian MLP ETF | Add +125.0% | 1.07% | +0.52 |
| NVDA Nvidia Corp. | Add +5.7% | 1.43% | +0.42 |
| KVUE Kenvue Inc. | Add +103.5% | 1.07% | +0.41 |
| VRSK Verisk Analytics Inc. | Add +27.1% | 1.55% | +0.28 |
| INTU Intuit Inc. | Add +4.8% | 0.98% | +0.19 |
| COCO The Vita Coco Co. Inc. | Add +0.6% | 1.85% | +0.15 |
| AXP American Express Co. | Add +1.1% | 1.43% | +0.14 |
| FLUT Flutter Entertainment PLC-Di | Add +8.5% | 0.57% | +0.13 |
| AOS Smith (a.o.) Corp. | New | 0.13% | +0.13 |
| TTD Trade Desk Inc./the Class A | New | 0.10% | +0.10 |
| EZBC Franklin Bitcoin ETF | Add +3.1% | 0.48% | +0.09 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.08% | +0.08 |
| TSLA Tesla Inc. | New | 0.08% | +0.08 |
| NKE Nike Inc. Class B | New | 0.07% | +0.07 |
| DOCS Doximity Inc. Class A | New | 0.06% | +0.06 |
| KD Kyndryl Holdings Inc. | New | 0.05% | +0.05 |
| GRAB Grab Holdings Ltd. Class A | New | 0.05% | +0.05 |
| ADBE Adobe Inc. | New | 0.05% | +0.05 |
| DASH DoorDash Inc. Class A | New | 0.05% | +0.05 |
| WING Wingstop Inc. | New | 0.04% | +0.04 |
| BEPC Brookfield Renewable Corp. | New | 0.04% | +0.04 |
| C Citigroup Inc. | Add +4.4% | 0.24% | +0.03 |
| CTAS Cintas Corp. | Add +9.8% | 0.33% | +0.03 |
| IBM Intl Business Machines Corp. | Add +4.7% | 0.22% | +0.03 |
| GLDM SPDR Gold Minishares Trust | Add +8.2% | 0.41% | +0.02 |
| VICI Vici Properties Inc. | Add +9.7% | 1.92% | +0.02 |
| NEM Newmont Corp. | Add +8.4% | 0.10% | +0.02 |
| FNV Franco-Nevada Corp. | Add +10.0% | 0.33% | +0.02 |
| SNAP Snap Inc. Class A | Add +33.8% | 0.09% | +0.02 |
| PSLV Sprott Physical Silver Trust | New | 0.02% | +0.02 |
| SAND Sandstorm Gold Ltd. | Add +8.4% | 0.07% | +0.01 |
| SGDJ Sprott Jr. Gold Miners ETF | Add +8.1% | 0.09% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Reduce -3.2% | 17,519,000 | $16.4M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -0.3% | 11,671,000 | $10.6M |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | New | 9,531,000 | $8.1M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 172,564 | $6.5M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Add +1.3% | 6,280,000 | $6.1M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +4.7% | 1,845,000 | $1.7M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Sold out | 8,576 | $720Kbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | New | 427,000 | $382K |
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 | 139 | $1.0B | GOOGL, AMZN, AIR, AXS, GD |
| Q1 2026 | 139 | $954.8M | SGOV, GOOGL, AXS, CME, AMZN |
| Q4 2025 | 144 | $975.6M | GOOGL, AMZN, AXS, MKL, SGOV |
| Q3 2025 | 143 | $944.8M | GOOGL, AMZN, AXS, SGOV, MSFT |
| Q2 2025 | 134 | $865.3M | AXS, V, MSFT, WRB, SGOV |
| Q1 2025 | 123 | $797.2M | SGOV, WRB, AXS, V, SHEL |
| Q4 2024 | 118 | $721.5M | GOOGL, AMZN, AXS, WRB, V |
| Q3 2024 | 120 | $749.7M | CPRI, GOOGL, AMZN, WRB, SHEL |
| Q2 2024 | 123 | $717.3M | GOOGL, CPRI, SHEL, WRB, AMZN |
| Q1 2024 | 118 | $697.5M | CPRI, GOOGL, WRB, SHEL, TKR |