Stansberry Asset Management, LLC

Name: STANSBERRY ASSET MANAGEMENT, LLC 13F holdings, Q1 2026
Creator: STANSBERRY ASSET MANAGEMENT, LLC
Published: 2026-05-15

Q2 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Stansberry Asset Management, LLC reported 139 stock positions worth $954.8 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 4.7% of the portfolio, followed by Alphabet Class A (GOOGL, 4.4%) and Axis Capital (AXS, 3.0%). Compared with Q4 2025, it opened 7 new positions, sold out of 12, added to 66 and reduced 56. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +70%) and the biggest sale Microsoft (MSFT, shares −28%).

Most Recent 13F: Q2 2026
Location: Westlake, TX
CIK: 0001725910
Portfolio Value: $954.8M (Q1 2026)
SEC Filing: 0000919574-26-003270 ↗ filed May 15, 2026

Holdings Value

Holdings 139 stocks · $954.8M


SGOV iShares 0-3 Month Treasury B	4.66%	442,000	$44.5M	Add +69.6%
GOOGL Alphabet Inc. Class A	4.36%	144,680	$41.6M	Reduce -11.4%
AXS Axis Capital Holdings Ltd.	3.01%	283,020	$28.7M	Add +0.2%
CME Cme Group Inc.	2.55%	82,338	$24.3M	Add +0.4%
AMZN Amazon.com Inc.	2.51%	115,275	$24.0M	Reduce -15.4%
KO The Coca-Cola Co.	2.51%	314,700	$23.9M	Add +0.5%
GD General Dynamics Corp.	2.42%	67,298	$23.1M	Add +214.8%
TFPM Triple Flag Precious Met	2.15%	590,403	$20.5M	Add +35.3%
LLY Eli Lilly & Co.	2.06%	21,424	$19.7M	Reduce -0.0%
SHEL Shell PLC-ADR	2.06%	211,587	$19.7M	Add +1.4%
COCO The Vita Coco Co. Inc.	1.99%	397,202	$19.0M	Reduce -0.6%
AIR Aar Corp.	1.96%	170,976	$18.7M	Reduce -11.6%
TKR Timken Co.	1.96%	185,824	$18.7M	Add +19.9%
MBB iShares MBS ETF	1.95%	195,885	$18.6M	Add +28.4%
MKL Markel Group Inc.	1.91%	9,515	$18.2M	Reduce -23.9%
JMBS Janus Henderson Mortg Backed	1.82%	385,080	$17.4M	Reduce -3.0%
V Visa Inc. Class A	1.79%	56,689	$17.1M	Reduce -23.4%
CRH CRH PLC	1.70%	154,008	$16.2M	Reduce -17.9%
NVDA Nvidia Corp.	1.70%	92,821	$16.2M	Add +27.4%
CBOE Cboe Global Markets Inc.	1.61%	54,643	$15.4M	Add +1.0%
ICE Intercontinental Exchange Inc.	1.59%	96,369	$15.2M	Add +5.6%
KVUE Kenvue Inc.	1.56%	865,883	$14.9M	Reduce -0.0%
AES AES Corp.	1.43%	969,123	$13.7M	New
MSFT Microsoft Corp.	1.42%	36,566	$13.5M	Reduce -28.4%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	1.34%	193,328	$12.8M	Reduce -35.8%
TRV The Travelers Cos Inc.	1.29%	42,306	$12.3M	Add +1.2%
AMLP Alerian MLP ETF	1.28%	231,837	$12.2M	Add +208.8%
DPZ Domino's Pizza Inc.	1.23%	32,755	$11.8M	Reduce -5.0%
AAPL Apple Inc.	1.18%	44,503	$11.3M	Reduce -0.0%
HSY The Hershey Co.	1.17%	53,726	$11.2M	Add +99.5%
DHR Danaher Corp.	1.15%	57,843	$11.0M	Reduce -30.0%
AXP American Express Co.	1.14%	35,984	$10.9M	Add +0.5%
VNOM Viper Energy Inc. Class A	1.13%	228,623	$10.7M	Add +171.3%
CSL Carlisle Cos Inc.	1.12%	32,089	$10.7M	Add +69.5%
MKC McCormick & Co.-Non VTG SHRS	1.03%	195,731	$9.9M	New
C Citigroup Inc.	1.03%	86,860	$9.9M	Add +2.8%
PSMT Pricesmart Inc.	1.02%	64,478	$9.7M	Reduce -50.1%
MELI MercadoLibre Inc.	1.01%	5,572	$9.6M	Reduce -27.8%
KYN Kayne Anderson Energy Infra	0.94%	626,411	$8.9M	Reduce -0.6%
BXSL Blackstone Secured Lending F	0.92%	370,774	$8.8M	Add +24.6%
GLDM SPDR Gold Minishares Trust	0.91%	93,782	$8.7M	Add +27.1%
AVGO Broadcom Inc.	0.89%	27,308	$8.5M	Add +1.6%
PH Parker Hannifin Corp.	0.87%	9,331	$8.4M	Add +0.9%
CGAU Centerra Gold Inc.	0.87%	471,061	$8.4M	Add +325.3%
LAMR Lamar Advertising Co. Class A	0.86%	65,154	$8.3M	Add +317.1%
UGI Ugi Corp.	0.85%	223,053	$8.1M	Add +2.3%
VZ Verizon Communications Inc.	0.85%	161,109	$8.1M	Add +3.6%
ZETA Zeta Global Holdings Corp. Class A	0.84%	502,768	$8.0M	Reduce -1.9%
RGLD Royal Gold Inc.	0.81%	30,254	$7.7M	Reduce -55.1%
VRSK Verisk Analytics Inc.	0.80%	40,277	$7.6M	Reduce -0.5%
AEM Agnico Eagle Mines Ltd.	0.79%	37,333	$7.6M	Reduce -52.6%
MCD McDonald's Corp.	0.77%	23,596	$7.3M	Add +1.9%
ALLE Allegion PLC	0.76%	49,797	$7.2M	Reduce -44.4%
BTI British American Tob-SP ADR	0.76%	123,312	$7.2M	Add +2.3%
GLPI Gaming and Leisure Propertie	0.73%	156,587	$6.9M	Add +496.6%
PM Philip Morris International	0.70%	40,349	$6.7M	Add +582.6%
ABNB Airbnb Inc. Class A	0.70%	52,614	$6.6M	Add +337.3%
TXNM TXNM Energy Inc.	0.67%	108,711	$6.4M	Reduce -17.3%
GNRC Generac Holdings Inc.	0.66%	32,472	$6.3M	Reduce -9.7%
HCSG Healthcare Services Group	0.59%	302,761	$5.6M	New
FNV Franco-Nevada Corp.	0.57%	22,109	$5.5M	Reduce -1.4%
SPGI S&P Global Inc.	0.55%	12,317	$5.2M	Reduce -1.6%
RITM Rithm Capital Corp.	0.53%	534,566	$5.1M	Add +321.6%
VRRM Verra Mobility Corp.	0.51%	340,401	$4.9M	Add +2.2%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC	0.49%	29,574	$4.7M	Reduce -0.7%
B Barrick Mining Corp.	0.48%	113,418	$4.6M	Add +61.9%
FIX Comfort Systems USA Inc.	0.45%	3,150	$4.3M	Reduce -46.5%
META Meta Platforms Inc. Class A	0.45%	7,563	$4.3M	Add +3.8%
HD Home Depot Inc.	0.41%	11,768	$3.9M	Add +2.1%
XYL Xylem Inc.	0.38%	30,602	$3.7M	Reduce -58.6%
DBMF Imgp Dbi MFT STR ETF-Usd Inc.	0.37%	117,865	$3.6M	Add +0.1%
NVR NVR Inc.	0.37%	539	$3.6M	Reduce -5.8%
VRSN Verisign Inc.	0.34%	12,916	$3.2M	Reduce -23.1%
NEM Newmont Corp.	0.32%	27,904	$3.0M	Add +23.9%
KGC Kinross Gold Corp.	0.30%	93,135	$2.8M	Reduce -75.7%
ITB iShares U.S. Home Constructi	0.30%	31,330	$2.8M	Add +8.0%
SBUX Starbucks Corp.	0.27%	29,099	$2.6M	Add +6.8%
INTU Intuit Inc.	0.26%	5,822	$2.5M	Reduce -49.0%
PAAS Pan American Silver Corp.	0.26%	45,145	$2.5M	Add +24.6%
SGDJ Sprott Jr. Gold Miners ETF	0.23%	25,325	$2.2M	Add +7.5%
EQX Equinox Gold Corp.	0.23%	149,487	$2.2M	Add +24.2%
CMG Chipotle Mexican Grill Inc.	0.22%	66,404	$2.1M	Add +0.9%
GDX Vaneck Gold Miners ETF	0.22%	22,770	$2.1M	Add +5.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.21%	74,353	$2.0M	Add +1.1%
CTAS Cintas Corp.	0.21%	11,820	$2.0M	Add +3.9%
HODL Vaneck Bitcoin ETF	0.21%	103,660	$2.0M	Add +11.6%
CRM Salesforce Inc.	0.20%	10,158	$1.9M	Reduce -24.3%
BRK.B Berkshire Hathaway Inc. Class B	0.20%	3,942	$1.9M	Reduce -31.5%
OR Or Royalties Inc.	0.20%	49,635	$1.9M	Add +25.0%
DDOG Datadog Inc. Class A	0.19%	15,293	$1.8M	Reduce -71.4%
SA Seabridge Gold Inc.	0.18%	61,797	$1.8M	Add +22.6%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV	0.18%	1,275	$1.7M	Add +0.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.17%	6,857	$1.7M	Add +3.5%
AGI Alamos Gold Inc. Class A	0.17%	35,928	$1.6M	Add +23.6%
FBTC Fidelity Wise Origin Bitcoin	0.15%	24,540	$1.4M	Add +4.5%
EGO Eldorado Gold Corp.	0.15%	40,876	$1.4M	New
PSA Public Storage	0.13%	4,724	$1.3M	Add +4.2%
TSLA Tesla Inc.	0.13%	3,407	$1.3M	Add +14.3%
AFG American Financial Group Inc.	0.13%	9,731	$1.2M	Add +3.1%
HROW Harrow Inc.	0.13%	34,748	$1.2M	Reduce -6.5%
AOS Smith (a.o.) Corp.	0.12%	17,479	$1.2M	Add +2.5%
TLT iShares 20+ Year Treasury BD	0.12%	12,747	$1.1M	Reduce -80.5%
BDX Becton Dickinson and Co.	0.11%	6,929	$1.1M	Reduce -80.9%
PSLV Sprott Physical Silver Trust	0.11%	43,849	$1.1M	Reduce -1.1%
GBTC Grayscale Bitcoin Trust ETF	0.10%	17,675	$933K	Reduce -7.0%
SMG Scotts Miracle-Gro Co.	0.09%	14,862	$904K	Add +4.8%
SOFI Sofi Technologies Inc.	0.09%	55,898	$888K	Add +10.3%
BN Brookfield Corp.	0.07%	17,698	$715K	No change
HQY Healthequity Inc.	0.07%	8,376	$700K	Reduce -6.4%
PLNT Planet Fitness Inc. Class A	0.07%	8,805	$655K	Reduce -84.9%
SSD Simpson Manufacturing Co. Inc.	0.07%	3,622	$622K	Reduce -6.1%
TSM Taiwan Semiconductor-SP ADR	0.06%	1,826	$617K	Add +1.3%
KNSL Kinsale Capital Group Inc.	0.06%	1,776	$607K	Add +0.5%
AMRZ Amrize Ltd.	0.06%	10,805	$605K	New
GOOG Alphabet Inc. Class C	0.06%	2,058	$590K	Reduce -19.3%
APPF Appfolio Inc. Class A	0.06%	3,603	$569K	Add +13.7%
SHLS Shoals Technologies Group -A	0.06%	86,368	$568K	Add +12.4%
GS Goldman Sachs Group Inc.	0.06%	632	$535K	New
SNOW Snowflake Inc.	0.06%	3,516	$530K	Reduce -5.0%
RDDT Reddit Inc. Class A	0.05%	3,883	$523K	New
UBER Uber Technologies Inc.	0.05%	6,987	$503K	Reduce -86.6%
SN Sharkninja Inc.	0.05%	4,709	$499K	Reduce -7.1%
CRWD CrowdStrike Holdings Inc. Class A	0.05%	1,272	$497K	No change
CEF Sprott Physical Gold and Sil	0.05%	10,370	$495K	Reduce -4.6%
NKE Nike Inc. Class B	0.05%	8,412	$444K	No change
VEEV Veeva Systems Inc. Class A	0.04%	2,088	$367K	No change
ABBV Abbvie Inc.	0.04%	1,668	$363K	Reduce -12.4%
SII Sprott Inc.	0.04%	2,462	$350K	Reduce -1.8%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.04%	15,050	$341K	Reduce -3.7%
GSHD Goosehead Insurance Inc. Class A	0.03%	7,504	$320K	Reduce -5.0%
GRAB Grab Holdings Ltd. Class A	0.03%	86,577	$317K	No change
CSGP Costar Group Inc.	0.03%	7,463	$301K	Reduce -6.7%
DFAC Dimensional US Core Equity 2	0.03%	7,546	$293K	No change
PHYS Sprott Physical Gold Trust	0.03%	8,000	$284K	Reduce -42.9%
DASH DoorDash Inc. Class A	0.03%	1,673	$251K	No change
CDE Coeur Mining Inc.	0.02%	12,445	$234K	Add +1.6%
U Unity Software Inc.	0.02%	9,500	$208K	No change
DOCS Doximity Inc. Class A	0.02%	8,858	$206K	No change
TMDX Transmedics Group Inc.	0.02%	2,016	$200K	No change

Other holdings (2): bonds, preferreds, convertibles and warrants · $17.9M (not counted above)

Security	Class	Shares / Principal	Value	Change
PG&E CORP (PCG 6 12/01/27 A)	PFD CONV SER A	284,116	$12.2M	Reduce -0.2%
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28)	6 SER A CNV PREF	105,333	$5.7M	New

Total filed on the 13F, all lines: $972.7M.

Portfolio Sells Q4 2025 → Q1 2026


MSFT Microsoft Corp.	Reduce -28.4%	1.42%	−1.11
GOOGL Alphabet Inc. Class A	Reduce -11.4%	4.36%	−0.88
V Visa Inc. Class A	Reduce -23.4%	1.79%	−0.87
MKL Markel Group Inc.	Reduce -23.9%	1.91%	−0.85
WRB WR Berkley Corp.	Reduce -35.8%	1.34%	−0.82
KGC Kinross Gold Corp.	Reduce -75.7%	0.30%	−0.81
DHR Danaher Corp.	Reduce -30.0%	1.15%	−0.79
RGLD Royal Gold Inc.	Reduce -55.1%	0.81%	−0.73
AMZN Amazon.com Inc.	Reduce -15.4%	2.51%	−0.71
CRH CRH PLC	Reduce -17.9%	1.70%	−0.70
ALLE Allegion PLC	Reduce -44.4%	0.76%	−0.70
XYL Xylem Inc.	Reduce -58.6%	0.38%	−0.65
PSMT Pricesmart Inc.	Reduce -50.1%	1.02%	−0.61
BDX Becton Dickinson and Co.	Reduce -80.9%	0.11%	−0.61
MELI MercadoLibre Inc.	Reduce -27.8%	1.01%	−0.58
PLNT Planet Fitness Inc. Class A	Reduce -84.9%	0.07%	−0.58
AEM Agnico Eagle Mines Ltd.	Reduce -52.6%	0.79%	−0.58
DDOG Datadog Inc. Class A	Reduce -71.4%	0.19%	−0.56
INTU Intuit Inc.	Reduce -49.0%	0.26%	−0.51
TLT iShares 20+ Year Treasury BD	Reduce -80.5%	0.12%	−0.47
NOG Northern Oil and Gas Inc.	Sold out	0.00%	−0.45
UBER Uber Technologies Inc.	Reduce -86.6%	0.05%	−0.38
RNR Renaissancere Holdings Ltd.	Sold out	0.00%	−0.31
LLY Eli Lilly & Co.	Reduce -0.0%	2.06%	−0.30
DPZ Domino's Pizza Inc.	Reduce -5.0%	1.23%	−0.24
ZETA Zeta Global Holdings Corp. Class A	Reduce -1.9%	0.84%	−0.23
COCO The Vita Coco Co. Inc.	Reduce -0.6%	1.99%	−0.18
CRM Salesforce Inc.	Reduce -24.3%	0.20%	−0.17
VRSK Verisk Analytics Inc.	Reduce -0.5%	0.80%	−0.13
TXNM TXNM Energy Inc.	Reduce -17.3%	0.67%	−0.13
LMT Lockheed Martin Corp.	Sold out	0.00%	−0.13
SPGI S&P Global Inc.	Reduce -1.6%	0.55%	−0.12
FIX Comfort Systems USA Inc.	Reduce -46.5%	0.45%	−0.11
BRK.B Berkshire Hathaway Inc. Class B	Reduce -31.5%	0.20%	−0.10
VRSN Verisign Inc.	Reduce -23.1%	0.34%	−0.08
FLUT Flutter Entertainment PLC-Di	Sold out	0.00%	−0.07
JKHY Jack Henry & Associates Inc.	Reduce -0.7%	0.49%	−0.07
FANG Diamondback Energy Inc.	Sold out	0.00%	−0.06
HROW Harrow Inc.	Reduce -6.5%	0.13%	−0.06
AAPL Apple Inc.	Reduce -0.0%	1.18%	−0.06
NVR NVR Inc.	Reduce -5.8%	0.37%	−0.06
BILL Bill Holdings Inc.	Sold out	0.00%	−0.06
AG First Majestic Silver Corp.	Sold out	0.00%	−0.05
RKLB Rocket Lab Corp.	Sold out	0.00%	−0.05
JMBS Janus Henderson Mortg Backed	Reduce -3.0%	1.82%	−0.04
BEPC Brookfield Renewable Corp.	Sold out	0.00%	−0.04
XOM Exxon Mobil Corp.	Sold out	0.00%	−0.04
GBTC Grayscale Bitcoin Trust ETF	Reduce -7.0%	0.10%	−0.04
SNOW Snowflake Inc.	Reduce -5.0%	0.06%	−0.03
GSHD Goosehead Insurance Inc. Class A	Reduce -5.0%	0.03%	−0.03

Portfolio Buys Q4 2025 → Q1 2026


SGOV iShares 0-3 Month Treasury B	Add +69.6%	4.66%	+1.98
GD General Dynamics Corp.	Add +214.8%	2.42%	+1.68
AES AES Corp.	New	1.43%	+1.43
MKC McCormick & Co.-Non VTG SHRS	New	1.03%	+1.03
AMLP Alerian MLP ETF	Add +208.8%	1.28%	+0.92
VNOM Viper Energy Inc. Class A	Add +171.3%	1.13%	+0.79
CGAU Centerra Gold Inc.	Add +325.3%	0.87%	+0.71
HSY The Hershey Co.	Add +99.5%	1.17%	+0.67
LAMR Lamar Advertising Co. Class A	Add +317.1%	0.86%	+0.66
TFPM Triple Flag Precious Met	Add +35.3%	2.15%	+0.66
TKR Timken Co.	Add +19.9%	1.96%	+0.62
GLPI Gaming and Leisure Propertie	Add +496.6%	0.73%	+0.61
PM Philip Morris International	Add +582.6%	0.70%	+0.60
HCSG Healthcare Services Group	New	0.59%	+0.59
ABNB Airbnb Inc. Class A	Add +337.3%	0.70%	+0.53
CSL Carlisle Cos Inc.	Add +69.5%	1.12%	+0.50
SHEL Shell PLC-ADR	Add +1.4%	2.06%	+0.49
MBB iShares MBS ETF	Add +28.4%	1.95%	+0.46
RITM Rithm Capital Corp.	Add +321.6%	0.53%	+0.39
NVDA Nvidia Corp.	Add +27.4%	1.70%	+0.30
GLDM SPDR Gold Minishares Trust	Add +27.1%	0.91%	+0.26
KO The Coca-Cola Co.	Add +0.5%	2.51%	+0.26
CME Cme Group Inc.	Add +0.4%	2.55%	+0.25
CBOE Cboe Global Markets Inc.	Add +1.0%	1.61%	+0.22
VZ Verizon Communications Inc.	Add +3.6%	0.85%	+0.20
B Barrick Mining Corp.	Add +61.9%	0.48%	+0.17
EGO Eldorado Gold Corp.	New	0.15%	+0.15
BXSL Blackstone Secured Lending F	Add +24.6%	0.92%	+0.12
NEM Newmont Corp.	Add +23.9%	0.32%	+0.09
ICE Intercontinental Exchange Inc.	Add +5.6%	1.59%	+0.07
PAAS Pan American Silver Corp.	Add +24.6%	0.26%	+0.07
AMRZ Amrize Ltd.	New	0.06%	+0.06
GS Goldman Sachs Group Inc.	New	0.06%	+0.06
BTI British American Tob-SP ADR	Add +2.3%	0.76%	+0.06
RDDT Reddit Inc. Class A	New	0.05%	+0.05
OR Or Royalties Inc.	Add +25.0%	0.20%	+0.05
AGI Alamos Gold Inc. Class A	Add +23.6%	0.17%	+0.05
EQX Equinox Gold Corp.	Add +24.2%	0.23%	+0.05
TRV The Travelers Cos Inc.	Add +1.2%	1.29%	+0.05
MCD McDonald's Corp.	Add +1.9%	0.77%	+0.04
PH Parker Hannifin Corp.	Add +0.9%	0.87%	+0.04
SBUX Starbucks Corp.	Add +6.8%	0.27%	+0.04
ASML ASML Holding NV-NY Reg SHS	Add +0.9%	0.18%	+0.04
DBMF Imgp Dbi MFT STR ETF-Usd Inc.	Add +0.1%	0.37%	+0.03
SA Seabridge Gold Inc.	Add +22.6%	0.18%	+0.03
GDX Vaneck Gold Miners ETF	Add +5.2%	0.22%	+0.03
SGDJ Sprott Jr. Gold Miners ETF	Add +7.5%	0.23%	+0.03
C Citigroup Inc.	Add +2.8%	1.03%	+0.02
UGI Ugi Corp.	Add +2.3%	0.85%	+0.01
PSA Public Storage	Add +4.2%	0.13%	+0.01

Notes & Other Activity Q4 2025 → Q1 2026


PG&E CORP (PCG 6 12/01/27 A)	PFD CONV SER A	Reduce -0.2%	284,116	$12.2M
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28)	6 SER A CNV PREF	New	105,333	$5.7M

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