TLS Advisors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), TLS Advisors LLC reported 19 stock positions worth $34.4 million. Its top holding was Eqt (EQT) at 21.1% of the portfolio, followed by Meta Platforms Class A (META, 20.0%) and Rio Tinto PLC-Spon ADR (RIO, 13.7%). Compared with Q2 2025, it opened 6 new positions and reduced 2. The biggest buy was a new position in iShares Russell 1000 Value E (IWD) and the biggest sale Ovid Therapeutics (OVID, shares −97%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001768824
Portfolio Value
$34.4M (Q3 2025)
SEC Filing
0001768824-25-000015 ↗ filed Nov 4, 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 Q4 2024 Q1 2025: $44.3M Q1 2025 Q2 2025: $32.0M Q2 2025 Q3 2025: $34.4M $34.4M Q3 2025 Q4 2025: $31.1M Q4 2025 Q1 2026: $42.1M Q1 2026 Q2 2026: $34.0M Q2 2026

Holdings 19 stocks · $34.4M
EQT Eqt Corp. 21.15% 135,800 $7.3M No change
META Meta Platforms Inc. Class A 19.95% 10,589 $6.9M No change
RIO Rio Tinto PLC-Spon ADR 13.68% 71,322 $4.7M No change
PICK iShares MSCI Global Metals & 13.06% 100,994 $4.5M No change
XOMA Xoma Royalty Corporation 11.01% 114,867 $3.8M Reduce -3.5%
RRC Range Resources Corp. 4.95% 47,923 $1.7M No change
XENE Xenon Pharmaceuticals Inc. 4.02% 32,956 $1.4M No change
VALE Vale SA-SP ADR 3.04% 96,323 $1.0M No change
HOV Hovnanian Enterprises-A 1.35% 3,872 $466K No change
IWD iShares Russell 1000 Value E 1.21% 2,052 $418K New
OABI Omniab Inc. 1.13% 250,185 $388K No change
EWS iShares MSCI Singapore ETF 1.12% 13,600 $387K No change
URNM Sprott Uranium Miners ETF 1.10% 6,291 $380K New
SPHD Invesco S&P 500 High Dividen 1.10% 7,652 $378K New
FISV Fiserv Inc. 0.78% 4,000 $267K New
SPLV Invesco S&P 500 Low Volatili 0.62% 2,913 $214K New
XLP SS Consumer Staples Sel Sect 0.62% 2,732 $214K New
OVID Ovid Therapeutics Inc. 0.08% 18,858 $26K Reduce -97.2%
SINGULARITY FUTURE TECHNOLOG 0.03% 14,140 $9K No change

Portfolio Sells Q2 2025 → Q3 2025
OVID Ovid Therapeutics Inc. Reduce -97.2% 0.08% −0.63
XOMA Xoma Royalty Corporation Reduce -3.5% 11.01% +1.65

Portfolio Buys Q2 2025 → Q3 2025
IWD iShares Russell 1000 Value E New 1.21% +1.21
URNM Sprott Uranium Miners ETF New 1.10% +1.10
SPHD Invesco S&P 500 High Dividen New 1.10% +1.10
FISV Fiserv Inc. New 0.78% +0.78
SPLV Invesco S&P 500 Low Volatili New 0.62% +0.62
XLP SS Consumer Staples Sel Sect New 0.62% +0.62

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