TLS Advisors LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), TLS Advisors LLC reported 15 stock positions worth $43.0 million. Its top holding was Rio Tinto PLC-Spon ADR (RIO) at 15.3% of the portfolio, followed by BHP Group Ltd.-Spon ADR (BHP, 15.0%) and Eqt (EQT, 13.0%). Compared with Q4 2023, it opened 2 new positions, sold out of 2, added to 3 and reduced 2. The biggest buy was Rio Tinto PLC-Spon ADR (RIO, shares +324%) and the biggest sale Eqt (EQT, shares −0%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001768824
Portfolio Value
$43.0M (Q1 2024)
SEC Filing
0001768824-24-000003 ↗ filed May 7, 2024

Holdings Value

0$10.0M$20.0M$30.0M$40.0M$50.0M Q1 2024: $43.0M $43.0M Q1 2024 Q2 2024: $40.0M Q2 2024 Q3 2024: $47.3M Q3 2024 Q4 2024: $43.7M Q4 2024 Q1 2025: $44.3M Q1 2025 Q2 2025: $32.0M Q2 2025 Q3 2025: $34.4M Q3 2025 Q4 2025: $31.1M Q4 2025 Q1 2026: $42.1M Q1 2026 Q2 2026: $34.0M Q2 2026

Holdings 15 stocks · $43.0M
RIO Rio Tinto PLC-Spon ADR 15.30% 103,100 $6.6M Add +324.3%
BHP BHP Group Ltd.-Spon ADR 15.04% 111,960 $6.5M Add +304.8%
EQT Eqt Corp. 13.01% 150,800 $5.6M Reduce -0.3%
META Meta Platforms Inc. Class A 11.97% 10,589 $5.1M No change
VALE Vale SA-SP ADR 10.44% 368,000 $4.5M Add +1177.8%
OVID Ovid Therapeutics Inc. 9.37% 1,319,679 $4.0M No change
XOMA Xoma Royalty Corporation filed as XOMA CORP DEL 6.74% 120,365 $2.9M Reduce -0.1%
EWS iShares MSCI Singapore ETF 5.81% 13,600 $2.5M No change
RRC Range Resources Corp. 3.84% 47,923 $1.6M No change
XENE Xenon Pharmaceuticals Inc. 3.30% 32,956 $1.4M No change
OABI Omniab Inc. 3.16% 250,185 $1.4M No change
HOV Hovnanian Enterprises-A 1.41% 3,872 $607K No change
REGN Regeneron Pharmaceuticals 0.56% 250 $240K No change
RVP Retractable Technologies Inc. 0.03% 12,152 $14K New
NBIS Nebius Group NV filed as YANDEX N V 0.00% 17,811 $0 New

Portfolio Sells Q4 2023 → Q1 2024
EQT Eqt Corp. Reduce -0.3% 13.01% −6.39
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.67
XOMA Xoma Royalty Corporation Reduce -0.1% 6.74% −0.66
NEBIUS GROUP N.V. Sold out 0.00% 0.00

Portfolio Buys Q4 2023 → Q1 2024
RIO Rio Tinto PLC-Spon ADR Add +324.3% 15.30% +9.30
BHP BHP Group Ltd.-Spon ADR Add +304.8% 15.04% +8.77
RVP Retractable Technologies Inc. New 0.03% +0.03
NBIS Nebius Group NV New 0.00% 0.00
VALE Vale SA-SP ADR Add +1177.8% 10.44% −4.71

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 17$34.0MEQT, META, RIO, PICK, FISV
Q1 2026 16$42.1MEQT, RIO, META, PICK, XOMA
Q4 2025 16$31.1MXLP, RIO, PICK, EQT, SPLV
Q3 2025 19$34.4MEQT, META, RIO, PICK, XOMA
Q2 2025 13$32.0MEQT, META, RIO, PICK, XOMA
Q1 2025 15$44.3MEQT, PICK, RIO, META, VALE
Q4 2024Amended 17$43.7MBHP, EQT, META, RIO, VALE
Q3 2024 19$47.3MBHP, RIO, EQT, META, VALE
Q2 2024 19$40.0MBHP, RIO, EQT, META, VALE
Q1 2024 15$43.0MRIO, BHP, EQT, META, VALE