Stansberry Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Stansberry Asset Management, LLC reported 144 stock positions worth $975.6 million. Its top holding was Alphabet Class A (GOOGL) at 5.2% of the portfolio, followed by Amazon.com (AMZN, 3.2%) and Axis Capital (AXS, 3.1%). Compared with Q3 2025, it opened 12 new positions, sold out of 11, added to 73 and reduced 47. The biggest buy was Kenvue (KVUE, shares +304%) and the biggest sale Vici Properties (VICI, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- Westlake, TX
- CIK
- 0001725910
- Portfolio Value
- $975.6M (Q4 2025)
- SEC Filing
- 0000919574-26-001146 ↗ filed Feb 17, 2026
Holdings Value
Holdings 144 stocks · $975.6M
| GOOGL Alphabet Inc. Class A | 5.24% | 163,375 | $51.1M | Add +1.3% |
| AMZN Amazon.com Inc. | 3.23% | 136,330 | $31.5M | Add +4.4% |
| AXS Axis Capital Holdings Ltd. | 3.10% | 282,547 | $30.3M | Add +0.8% |
| MKL Markel Group Inc. | 2.75% | 12,495 | $26.9M | Add +1.2% |
| SGOV iShares 0-3 Month Treasury B | 2.68% | 260,614 | $26.2M | Reduce -0.7% |
| V Visa Inc. Class A | 2.66% | 74,020 | $26.0M | Add +1.6% |
| MSFT Microsoft Corp. | 2.53% | 51,055 | $24.7M | Add +1.4% |
| CRH CRH PLC | 2.40% | 187,522 | $23.4M | Add +12.8% |
| LLY Eli Lilly & Co. | 2.36% | 21,433 | $23.0M | Add +35.4% |
| CME Cme Group Inc. | 2.30% | 82,001 | $22.4M | Add +1.8% |
| KO The Coca-Cola Co. | 2.24% | 313,072 | $21.9M | Add +2.6% |
| COCO The Vita Coco Co. Inc. | 2.17% | 399,411 | $21.2M | Reduce -10.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.16% | 301,143 | $21.1M | Reduce -3.5% |
| DHR Danaher Corp. | 1.94% | 82,664 | $18.9M | Add +44.9% |
| JMBS Janus Henderson Mortg Backed | 1.86% | 397,054 | $18.1M | Add +95.3% |
| AIR Aar Corp. | 1.64% | 193,476 | $16.0M | Add +16.0% |
| PSMT Pricesmart Inc. | 1.62% | 129,227 | $15.9M | Add +1.1% |
| MELI MercadoLibre Inc. | 1.59% | 7,713 | $15.5M | Reduce -3.7% |
| SHEL Shell PLC-ADR | 1.57% | 208,643 | $15.3M | Add +62.5% |
| RGLD Royal Gold Inc. | 1.54% | 67,449 | $15.0M | Add +13.3% |
| KVUE Kenvue Inc. | 1.53% | 866,021 | $14.9M | Add +304.4% |
| ICE Intercontinental Exchange Inc. | 1.51% | 91,242 | $14.8M | Reduce -21.9% |
| MBB iShares MBS ETF | 1.49% | 152,572 | $14.5M | Reduce -7.9% |
| TFPM Triple Flag Precious Met | 1.49% | 436,418 | $14.5M | Add +1.6% |
| DPZ Domino's Pizza Inc. | 1.47% | 34,477 | $14.4M | Add +0.6% |
| ALLE Allegion PLC | 1.46% | 89,502 | $14.3M | Reduce -1.4% |
| NVDA Nvidia Corp. | 1.39% | 72,858 | $13.6M | Add +0.7% |
| CBOE Cboe Global Markets Inc. | 1.39% | 54,110 | $13.6M | Add +2.2% |
| AEM Agnico Eagle Mines Ltd. | 1.37% | 78,811 | $13.4M | Reduce -16.1% |
| AXP American Express Co. | 1.36% | 35,794 | $13.2M | Reduce -8.2% |
| TKR Timken Co. | 1.34% | 154,947 | $13.0M | Reduce -0.5% |
| TRV The Travelers Cos Inc. | 1.24% | 41,812 | $12.1M | Add +3.2% |
| AAPL Apple Inc. | 1.24% | 44,506 | $12.1M | Add +79.0% |
| KGC Kinross Gold Corp. | 1.11% | 383,857 | $10.8M | Add +5.3% |
| ZETA Zeta Global Holdings Corp. Class A | 1.07% | 512,751 | $10.4M | Reduce -1.2% |
| XYL Xylem Inc. | 1.03% | 74,002 | $10.1M | Add +127.4% |
| C Citigroup Inc. | 1.01% | 84,511 | $9.9M | Add +249.6% |
| AVGO Broadcom Inc. | 0.95% | 26,877 | $9.3M | Add +2.4% |
| VRSK Verisk Analytics Inc. | 0.93% | 40,485 | $9.1M | Add +56.1% |
| UGI Ugi Corp. | 0.84% | 218,103 | $8.2M | Add +8.5% |
| PH Parker Hannifin Corp. | 0.83% | 9,244 | $8.1M | Add +0.8% |
| BXSL Blackstone Secured Lending F | 0.80% | 297,483 | $7.8M | Add +700.9% |
| KYN Kayne Anderson Energy Infra | 0.80% | 630,469 | $7.8M | Reduce -23.6% |
| TXNM TXNM Energy Inc. | 0.79% | 131,406 | $7.7M | Add +0.2% |
| INTU Intuit Inc. | 0.77% | 11,411 | $7.6M | Add +0.8% |
| VRRM Verra Mobility Corp. | 0.77% | 333,217 | $7.5M | Reduce -39.0% |
| DDOG Datadog Inc. Class A | 0.75% | 53,493 | $7.3M | Add +0.4% |
| GD General Dynamics Corp. | 0.74% | 21,375 | $7.2M | Add +2.0% |
| MCD McDonald's Corp. | 0.72% | 23,144 | $7.1M | Add +3.1% |
| BDX Becton Dickinson and Co. | 0.72% | 36,252 | $7.0M | New |
| BTI British American Tob-SP ADR | 0.70% | 120,517 | $6.8M | Add +20.2% |
| SPGI S&P Global Inc. | 0.67% | 12,514 | $6.5M | Reduce -44.5% |
| VZ Verizon Communications Inc. | 0.65% | 155,487 | $6.3M | Add +0.9% |
| PLNT Planet Fitness Inc. Class A | 0.65% | 58,276 | $6.3M | Add +0.1% |
| GLDM SPDR Gold Minishares Trust | 0.65% | 73,802 | $6.3M | Add +22.2% |
| CSL Carlisle Cos Inc. | 0.62% | 18,934 | $6.1M | Reduce -0.5% |
| TLT iShares 20+ Year Treasury BD | 0.58% | 65,198 | $5.7M | Reduce -59.5% |
| FIX Comfort Systems USA Inc. | 0.56% | 5,886 | $5.5M | Reduce -69.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.56% | 29,781 | $5.4M | Add +3.6% |
| GNRC Generac Holdings Inc. | 0.50% | 35,970 | $4.9M | Add +1032.9% |
| HSY The Hershey Co. | 0.50% | 26,923 | $4.9M | Reduce -9.0% |
| META Meta Platforms Inc. Class A | 0.49% | 7,287 | $4.8M | Reduce -48.6% |
| FNV Franco-Nevada Corp. | 0.48% | 22,427 | $4.6M | Add +11.2% |
| NOG Northern Oil and Gas Inc. | 0.45% | 203,631 | $4.4M | New |
| UBER Uber Technologies Inc. | 0.44% | 51,968 | $4.2M | New |
| NVR NVR Inc. | 0.43% | 572 | $4.2M | Add +1.2% |
| VRSN Verisign Inc. | 0.42% | 16,788 | $4.1M | Reduce -55.4% |
| HD Home Depot Inc. | 0.41% | 11,528 | $4.0M | Reduce -13.7% |
| CRM Salesforce Inc. | 0.36% | 13,419 | $3.6M | Add +0.3% |
| AMLP Alerian MLP ETF | 0.36% | 75,074 | $3.5M | Reduce -60.7% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.34% | 117,811 | $3.3M | Add +1.8% |
| VNOM Viper Energy Inc. Class A | 0.33% | 84,270 | $3.3M | Add +2.7% |
| B Barrick Mining Corp. | 0.31% | 70,073 | $3.1M | Add +10.8% |
| RNR Renaissancere Holdings Ltd. | 0.31% | 10,804 | $3.0M | Add +3.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 5,752 | $2.9M | Add +5.8% |
| ITB iShares U.S. Home Constructi | 0.29% | 29,004 | $2.8M | Add +10.5% |
| CMG Chipotle Mexican Grill Inc. | 0.25% | 65,801 | $2.4M | New |
| HODL Vaneck Bitcoin ETF | 0.24% | 92,877 | $2.3M | Add +43.5% |
| SBUX Starbucks Corp. | 0.24% | 27,234 | $2.3M | Add +0.5% |
| NEM Newmont Corp. | 0.23% | 22,523 | $2.2M | Add +23.6% |
| CTAS Cintas Corp. | 0.22% | 11,379 | $2.1M | Add +2.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.21% | 73,582 | $2.1M | Reduce -88.0% |
| SGDJ Sprott Jr. Gold Miners ETF | 0.20% | 23,555 | $2.0M | Add +24.7% |
| LAMR Lamar Advertising Co. Class A | 0.20% | 15,619 | $2.0M | Add +3.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 6,624 | $2.0M | Add +1.2% |
| PAAS Pan American Silver Corp. | 0.19% | 36,219 | $1.9M | Add +1.4% |
| GDX Vaneck Gold Miners ETF | 0.19% | 21,640 | $1.9M | Add +26.0% |
| HROW Harrow Inc. | 0.19% | 37,183 | $1.8M | Reduce -7.5% |
| FBTC Fidelity Wise Origin Bitcoin | 0.18% | 23,491 | $1.8M | Add +7.5% |
| EQX Equinox Gold Corp. | 0.17% | 120,382 | $1.7M | Add +23.1% |
| ABNB Airbnb Inc. Class A | 0.17% | 12,031 | $1.6M | Reduce -4.6% |
| CGAU Centerra Gold Inc. | 0.16% | 110,750 | $1.6M | Add +24.1% |
| SA Seabridge Gold Inc. | 0.15% | 50,401 | $1.5M | Add +21.4% |
| OR Or Royalties Inc. | 0.14% | 39,695 | $1.4M | Add +2.5% |
| RITM Rithm Capital Corp. | 0.14% | 126,799 | $1.4M | Reduce -79.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.14% | 1,264 | $1.4M | Reduce -0.9% |
| TSLA Tesla Inc. | 0.14% | 2,982 | $1.3M | No change |
| SOFI Sofi Technologies Inc. | 0.14% | 50,691 | $1.3M | Reduce -5.1% |
| GBTC Grayscale Bitcoin Trust ETF | 0.13% | 19,009 | $1.3M | Reduce -2.6% |
| AFG American Financial Group Inc. | 0.13% | 9,437 | $1.3M | Add +1.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $11.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 284,768 | $11.7M | Add +1.2% |
Total filed on the 13F, all lines: $987.3M.
Portfolio Sells Q3 2025 → Q4 2025
| VICI Vici Properties Inc. | Reduce -88.0% | 0.21% | −1.90 |
| FIX Comfort Systems USA Inc. | Reduce -69.6% | 0.56% | −1.13 |
| FISV Fiserv Inc. | Sold out | 0.00% | −1.12 |
| TLT iShares 20+ Year Treasury BD | Reduce -59.5% | 0.58% | −0.94 |
| VRSN Verisign Inc. | Reduce -55.4% | 0.42% | −0.70 |
| VRRM Verra Mobility Corp. | Reduce -39.0% | 0.77% | −0.66 |
| META Meta Platforms Inc. Class A | Reduce -48.6% | 0.49% | −0.61 |
| RITM Rithm Capital Corp. | Reduce -79.3% | 0.14% | −0.60 |
| AMLP Alerian MLP ETF | Reduce -60.7% | 0.36% | −0.59 |
| ICE Intercontinental Exchange Inc. | Reduce -21.9% | 1.51% | −0.57 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.55 |
| SPGI S&P Global Inc. | Reduce -44.5% | 0.67% | −0.49 |
| EZBC Franklin Bitcoin ETF | Sold out | 0.00% | −0.48 |
| KNSL Kinsale Capital Group Inc. | Reduce -85.4% | 0.07% | −0.47 |
| MELI MercadoLibre Inc. | Reduce -3.7% | 1.59% | −0.39 |
| WRB WR Berkley Corp. | Reduce -3.5% | 2.16% | −0.37 |
| AEM Agnico Eagle Mines Ltd. | Reduce -16.1% | 1.37% | −0.31 |
| KYN Kayne Anderson Energy Infra | Reduce -23.6% | 0.80% | −0.28 |
| ALLE Allegion PLC | Reduce -1.4% | 1.46% | −0.24 |
| MBB iShares MBS ETF | Reduce -7.9% | 1.49% | −0.18 |
| HD Home Depot Inc. | Reduce -13.7% | 0.41% | −0.17 |
| SGOV iShares 0-3 Month Treasury B | Reduce -0.7% | 2.68% | −0.12 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.11 |
| ABEV Ambev SA-ADR | Sold out | 0.00% | −0.11 |
| HSY The Hershey Co. | Reduce -9.0% | 0.50% | −0.08 |
| WIW Western Asst Infl-LNK Opp | Sold out | 0.00% | −0.08 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.07 |
| CWH Camping World Holdings Inc. Class A | Sold out | 0.00% | −0.06 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -2.6% | 0.13% | −0.05 |
| CSL Carlisle Cos Inc. | Reduce -0.5% | 0.62% | −0.04 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| KD Kyndryl Holdings Inc. | Sold out | 0.00% | −0.03 |
| WING Wingstop Inc. | Sold out | 0.00% | −0.03 |
| FLUT Flutter Entertainment PLC-Di | Reduce -10.2% | 0.07% | −0.02 |
| CSGP Costar Group Inc. | Reduce -9.8% | 0.06% | −0.02 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -1.2% | 1.07% | −0.02 |
| SELF Global Self Storage Inc. | Reduce -44.5% | 0.02% | −0.02 |
| HROW Harrow Inc. | Reduce -7.5% | 0.19% | −0.02 |
| VGIT Vanguard Intermediate-Term T | Reduce -40.5% | 0.02% | −0.02 |
| HQY Healthequity Inc. | Reduce -8.0% | 0.08% | −0.01 |
| AXP American Express Co. | Reduce -8.2% | 1.36% | −0.01 |
| SOFI Sofi Technologies Inc. | Reduce -5.1% | 0.14% | −0.01 |
| GSHD Goosehead Insurance Inc. Class A | Reduce -14.5% | 0.06% | −0.01 |
| SNOW Snowflake Inc. | Reduce -7.5% | 0.08% | −0.01 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -7.5% | 0.06% | −0.01 |
| BILL Bill Holdings Inc. | Reduce -9.6% | 0.06% | −0.01 |
| SN Sharkninja Inc. | Reduce -7.2% | 0.06% | −0.00 |
| SMG Scotts Miracle-Gro Co. | Reduce -0.7% | 0.08% | −0.00 |
| FANG Diamondback Energy Inc. | Reduce -1.3% | 0.06% | +0.00 |
| SHLS Shoals Technologies Group -A | Reduce -8.6% | 0.07% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| KVUE Kenvue Inc. | Add +304.4% | 1.53% | +1.16 |
| GOOGL Alphabet Inc. Class A | Add +1.3% | 5.24% | +1.09 |
| LLY Eli Lilly & Co. | Add +35.4% | 2.36% | +1.08 |
| JMBS Janus Henderson Mortg Backed | Add +95.3% | 1.86% | +0.88 |
| C Citigroup Inc. | Add +249.6% | 1.01% | +0.75 |
| DHR Danaher Corp. | Add +44.9% | 1.94% | +0.74 |
| BDX Becton Dickinson and Co. | New | 0.72% | +0.72 |
| BXSL Blackstone Secured Lending F | Add +700.9% | 0.80% | +0.70 |
| SHEL Shell PLC-ADR | Add +62.5% | 1.57% | +0.60 |
| AAPL Apple Inc. | Add +79.0% | 1.24% | +0.57 |
| XYL Xylem Inc. | Add +127.4% | 1.03% | +0.52 |
| NOG Northern Oil and Gas Inc. | New | 0.45% | +0.45 |
| GNRC Generac Holdings Inc. | Add +1032.9% | 0.50% | +0.45 |
| UBER Uber Technologies Inc. | New | 0.44% | +0.44 |
| CRH CRH PLC | Add +12.8% | 2.40% | +0.29 |
| RGLD Royal Gold Inc. | Add +13.3% | 1.54% | +0.27 |
| AXS Axis Capital Holdings Ltd. | Add +0.8% | 3.10% | +0.26 |
| MKL Markel Group Inc. | Add +1.2% | 2.75% | +0.26 |
| CMG Chipotle Mexican Grill Inc. | New | 0.25% | +0.25 |
| VRSK Verisk Analytics Inc. | Add +56.1% | 0.93% | +0.24 |
| AMZN Amazon.com Inc. | Add +4.4% | 3.23% | +0.19 |
| GLDM SPDR Gold Minishares Trust | Add +22.2% | 0.65% | +0.16 |
| TFPM Triple Flag Precious Met | Add +1.6% | 1.49% | +0.16 |
| KGC Kinross Gold Corp. | Add +5.3% | 1.11% | +0.15 |
| BTI British American Tob-SP ADR | Add +20.2% | 0.70% | +0.14 |
| UGI Ugi Corp. | Add +8.5% | 0.84% | +0.13 |
| PSA Public Storage | New | 0.12% | +0.12 |
| AGI Alamos Gold Inc. Class A | New | 0.12% | +0.12 |
| JKHY Jack Henry & Associates Inc. | Add +3.6% | 0.56% | +0.10 |
| KO The Coca-Cola Co. | Add +2.6% | 2.24% | +0.10 |
| PH Parker Hannifin Corp. | Add +0.8% | 0.83% | +0.10 |
| PM Philip Morris International | New | 0.10% | +0.10 |
| B Barrick Mining Corp. | Add +10.8% | 0.31% | +0.09 |
| APPF Appfolio Inc. Class A | New | 0.08% | +0.08 |
| NEM Newmont Corp. | Add +23.6% | 0.23% | +0.07 |
| CGAU Centerra Gold Inc. | Add +24.1% | 0.16% | +0.06 |
| SGDJ Sprott Jr. Gold Miners ETF | Add +24.7% | 0.20% | +0.06 |
| AIR Aar Corp. | Add +16.0% | 1.64% | +0.06 |
| EQX Equinox Gold Corp. | Add +23.1% | 0.17% | +0.06 |
| AG First Majestic Silver Corp. | New | 0.05% | +0.05 |
| GDX Vaneck Gold Miners ETF | Add +26.0% | 0.19% | +0.05 |
| RKLB Rocket Lab Corp. | New | 0.05% | +0.05 |
| SA Seabridge Gold Inc. | Add +21.4% | 0.15% | +0.05 |
| PAAS Pan American Silver Corp. | Add +1.4% | 0.19% | +0.05 |
| TRV The Travelers Cos Inc. | Add +3.2% | 1.24% | +0.05 |
| AVGO Broadcom Inc. | Add +2.4% | 0.95% | +0.04 |
| PSLV Sprott Physical Silver Trust | Add +0.7% | 0.11% | +0.03 |
| RNR Renaissancere Holdings Ltd. | Add +3.8% | 0.31% | +0.03 |
| CRM Salesforce Inc. | Add +0.3% | 0.36% | +0.03 |
| V Visa Inc. Class A | Add +1.6% | 2.66% | +0.03 |
Options Activity Q3 2025 → Q4 2025
| OR Or Royalties Inc. | call | Sold out | 1,000 | $23Kbefore exit |
| PAAS Pan American Silver Corp. | call | Sold out | 1,200 | $16Kbefore exit |
| KGC Kinross Gold Corp. | call | Sold out | 500 | $7Kbefore exit |
| RGLD Royal Gold Inc. | call | Sold out | 100 | $4Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +1.2% | 284,768 | $11.7M |
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 |