TLS Advisors LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), TLS Advisors LLC reported 17 stock positions worth $43.7 million. Its top holding was BHP Group Ltd.-Spon ADR (BHP) at 19.6% of the portfolio, followed by Eqt (EQT, 15.9%) and Meta Platforms Class A (META, 14.2%). Compared with Q3 2024, it opened 1 new position, sold out of 3, added to 3 and reduced 3. The biggest buy was a new position in Valaris (VAL) and the biggest sale an exit from Nucor (NUE).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001768824
Portfolio Value
$43.7M (Q4 2024)
SEC Filing
0001768824-25-000004 ↗ filed Feb 13, 2025

Holdings Value

0$10.0M$20.0M$30.0M$40.0M$50.0M Q1 2024: $43.0M Q1 2024 Q2 2024: $40.0M Q2 2024 Q3 2024: $47.3M Q3 2024 Q4 2024: $43.7M $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 17 stocks · $43.7M
BHP BHP Group Ltd.-Spon ADR 19.64% 175,960 $8.6M Add +12.8%
EQT Eqt Corp. 15.90% 150,800 $7.0M Reduce -23.9%
META Meta Platforms Inc. Class A 14.18% 10,589 $6.2M No change
RIO Rio Tinto PLC-Spon ADR 13.86% 103,100 $6.1M No change
VALE Vale SA-SP ADR 12.05% 594,000 $5.3M Add +20.2%
XOMA Xoma Royalty Corporation 7.15% 119,044 $3.1M Reduce -0.6%
RRC Range Resources Corp. 3.94% 47,923 $1.7M No change
XENE Xenon Pharmaceuticals Inc. 2.95% 32,956 $1.3M No change
VAL Valaris Ltd. 2.83% 28,000 $1.2M New
OABI Omniab Inc. 2.03% 250,185 $886K No change
OVID Ovid Therapeutics Inc. 1.45% 680,967 $636K Reduce -11.7%
HOV Hovnanian Enterprises-A 1.18% 3,872 $518K No change
XLB SS Materials Select Sector 1.15% 5,950 $501K Add +183.3%
WY Weyerhaeuser Co. 0.96% 15,000 $422K No change
EWS iShares MSCI Singapore ETF 0.68% 13,600 $297K No change
ENZB Enzo Biochem Inc. 0.02% 13,616 $10K No change
RVP Retractable Technologies Inc. 0.02% 12,152 $8K No change

Portfolio Sells Q3 2024 → Q4 2024
NUE Nucor Corp. Sold out 0.00% −2.54
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.57
OVID Ovid Therapeutics Inc. Reduce -11.7% 1.45% −0.47
NBIS Nebius Group NV Sold out 0.00% 0.00
XOMA Xoma Royalty Corporation Reduce -0.6% 7.15% +0.45
EQT Eqt Corp. Reduce -23.9% 15.90% +0.55

Portfolio Buys Q3 2024 → Q4 2024
VAL Valaris Ltd. New 2.83% +2.83
XLB SS Materials Select Sector Add +183.3% 1.15% +0.72
VALE Vale SA-SP ADR Add +20.2% 12.05% −0.14
BHP BHP Group Ltd.-Spon ADR Add +12.8% 19.64% −0.82

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