Winmill & Co. Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Winmill & Co. Inc. reported 54 stock positions worth $412.4 million. Its top holding was AutoZone (AZO) at 7.4% of the portfolio, followed by Alphabet Class A (GOOGL, 6.4%) and Steel Dynamics (STLD, 5.7%). Compared with Q2 2025, it opened 4 new positions, sold out of 4, added to 5 and reduced 2. The biggest buy was a new position in Progressive (PGR) and the biggest sale an exit from Credit Acceptance (CACC).

Most Recent 13F
Q2 2026
Location
WALPOLE, NH
CIK
0000052234
Portfolio Value
$412.4M (Q3 2025)
SEC Filing
0000892712-25-000148 ↗ filed Nov 13, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $351.3M Q1 2024 Q2 2024: $293.2M Q2 2024 Q3 2024: $297.2M Q3 2024 Q4 2024: $309.0M Q4 2024 Q1 2025: $329.0M Q1 2025 Q2 2025: $359.6M Q2 2025 Q3 2025: $412.4M $412.4M Q3 2025 Q4 2025: $374.9M Q4 2025 Q1 2026: $346.6M Q1 2026 Q2 2026: $451.6M Q2 2026

Holdings 54 stocks · $412.4M
AZO AutoZone Inc. 7.35% 7,069 $30.3M No change
GOOGL Alphabet Inc. Class A 6.37% 108,100 $26.3M No change
STLD Steel Dynamics Inc. 5.71% 168,747 $23.5M No change
IBKR Interactive Brokers Gro Class A 5.46% 327,200 $22.5M No change
WSM Williams-Sonoma Inc. 5.31% 111,994 $21.9M No change
MLI Mueller Industries Inc. 4.15% 169,280 $17.1M No change
LPLA LPL Financial Holdings Inc. 3.94% 48,860 $16.3M No change
IAG Iamgold Corp. 3.91% 1,246,000 $16.1M No change
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 3.68% 396,095 $15.2M No change
NGD New Gold Inc. 3.66% 2,100,000 $15.1M No change
URI United Rentals Inc. 3.57% 15,409 $14.7M No change
LRCX Lam Research Corp. 3.54% 109,000 $14.6M No change
ESNT Essent Group Ltd. 3.46% 224,500 $14.3M No change
PGR Progressive Corp. 3.31% 55,330 $13.7M New
DDS Dillards Inc. Class A 3.21% 21,538 $13.2M No change
DFIN Donnelley Financial Solution 3.03% 243,000 $12.5M No change
BAH Booz Allen Hamilton Holdings 2.85% 117,650 $11.8M New
HCA HCA Healthcare Inc. 2.73% 26,450 $11.3M New
MOH Molina Healthcare Inc. 2.45% 52,800 $10.1M New
YOU Clear Secure Inc. Class A 2.34% 289,135 $9.7M No change
SNA Snap-on Inc. 2.34% 27,800 $9.6M No change
NVR NVR Inc. 2.33% 1,197 $9.6M No change
PYPL PayPal Holdings Inc. 2.11% 130,000 $8.7M Add +75.7%
NEM Newmont Corp. 1.82% 89,000 $7.5M Add +394.4%
UNH Unitedhealth Group Inc. 1.38% 16,475 $5.7M No change
MA Mastercard Inc. Class A 1.38% 10,000 $5.7M No change
MTDR Matador Resources Co. 1.38% 126,500 $5.7M Add +9.2%
AEM Agnico Eagle Mines Ltd. 1.23% 30,000 $5.1M No change
ELV Elevance Health Inc. 0.79% 10,040 $3.2M No change
SELF Global Self Storage Inc. 0.63% 514,593 $2.6M Add +7.4%
BRK.B Berkshire Hathaway Inc. Class B 0.62% 5,100 $2.6M No change
JPM JPMorgan Chase & Co. 0.52% 6,800 $2.1M No change
KGC Kinross Gold Corp. 0.41% 68,500 $1.7M Reduce -91.6%
TFPM Triple Flag Precious Met 0.38% 54,000 $1.6M Add +80.0%
EXR Extra Space Storage Inc. 0.34% 10,027 $1.4M No change
WPM Wheaton Precious Metals Corp. 0.32% 11,700 $1.3M Reduce -90.9%
GLD SPDR Gold Shares 0.30% 3,465 $1.2M No change
BBW Build-A-Bear Workshop Inc. 0.26% 16,500 $1.1M No change
RGLD Royal Gold Inc. 0.26% 5,300 $1.1M No change
FNV Franco-Nevada Corp. 0.25% 4,600 $1.0M No change
SLV iShares Silver Trust 0.23% 22,320 $946K No change
META Meta Platforms Inc. Class A 0.20% 1,150 $845K No change
QCOM Qualcomm Inc. 0.17% 4,200 $699K No change
CUBE Cubesmart 0.14% 14,000 $569K No change
PSA Public Storage 0.12% 1,700 $491K No change
GOOG Alphabet Inc. Class C 0.03% 574 $140K No change
MXE Mexico Equity and Income FD 0.02% 6,000 $71K No change
SPE Special Opportunities Fund 0.01% 2,000 $31K No change
BRW Saba Capital Income & Opport 0.01% 3,600 $28K No change
SWZ Total Return Securities Fund 0.00% 3,270 $20K No change
PCF High Income Securities Fund 0.00% 662 $4K No change
CEFS Saba Opport Hedg Cef ETF-Usd 0.00% 100 $2K No change
SABA Saba Capital Income & Opp II 0.00% 17 $155 No change
SVVC Firsthand Technology Value 0.00% 100 $6 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $5K (not counted above)
SecurityClassShares / PrincipalValueChange
SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) 2.75% CNV PFD C 200$5KNo change

Total filed on the 13F, all lines: $412.4M.

Portfolio Sells Q2 2025 → Q3 2025
CACC Credit Acceptance Corp. Sold out 0.00% −3.55
KGC Kinross Gold Corp. Reduce -91.6% 0.41% −3.13
WPM Wheaton Precious Metals Corp. Reduce -90.9% 0.32% −2.90
ALSN Allison Transmission Holding Sold out 0.00% −2.10
UFPI Ufp Industries Inc. Sold out 0.00% −2.00
CROX Crocs Inc. Sold out 0.00% −1.21

Portfolio Buys Q2 2025 → Q3 2025
PGR Progressive Corp. New 3.31% +3.31
BAH Booz Allen Hamilton Holdings New 2.85% +2.85
HCA HCA Healthcare Inc. New 2.73% +2.73
MOH Molina Healthcare Inc. New 2.45% +2.45
NEM Newmont Corp. Add +394.4% 1.82% +1.53
PYPL PayPal Holdings Inc. Add +75.7% 2.11% +0.58
TFPM Triple Flag Precious Met Add +80.0% 0.38% +0.19
SELF Global Self Storage Inc. Add +7.4% 0.63% −0.08
MTDR Matador Resources Co. Add +9.2% 1.38% −0.16

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 55$451.6MLRCX, STLD, GOOGL, IBKR, WSM
Q1 2026 53$346.6MGOOGL, STLD, LRCX, IAG, IBKR
Q4 2025 55$374.9MGOOGL, STLD, AZO, IBKR, WSM
Q3 2025 54$412.4MAZO, GOOGL, STLD, IBKR, WSM
Q2 2025 54$359.6MAZO, STLD, GOOGL, LPLA, WSM
Q1 2025 56$329.0MAZO, STLD, WSM, GOOGL, LPLA
Q4 2024 54$309.0MAZO, WSM, GOOGL, STLD, LPLA
Q3 2024Amended 53$297.2MAZO, STLD, WSM, NMIH, GOOGL
Q2 2024 57$293.2MSTLD, AZO, GOOGL, WSM, NMIH
Q1 2024 63$351.3MSTLD, AZO, WSM, CACC, GOOGL