Winmill & Co. Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Winmill & Co. Inc. reported 53 stock positions worth $346.6 million. Its top holding was Alphabet Class A (GOOGL) at 9.0% of the portfolio, followed by Steel Dynamics (STLD, 8.8%) and Lam Research (LRCX, 6.7%). Compared with Q4 2025, it opened 5 new positions, sold out of 7, added to 5 and reduced 7. The biggest buy was a new position in Qualys (QLYS) and the biggest sale an exit from AutoZone (AZO).

Most Recent 13F
Q2 2026
Location
WALPOLE, NH
CIK
0000052234
Portfolio Value
$346.6M (Q1 2026)
SEC Filing
0000892712-26-000244 ↗ filed May 14, 2026

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 Q3 2025 Q4 2025: $374.9M Q4 2025 Q1 2026: $346.6M $346.6M Q1 2026 Q2 2026: $451.6M Q2 2026

Holdings 53 stocks · $346.6M
GOOGL Alphabet Inc. Class A 8.97% 108,100 $31.1M No change
STLD Steel Dynamics Inc. 8.76% 168,747 $30.4M No change
LRCX Lam Research Corp. 6.72% 109,000 $23.3M No change
IAG Iamgold Corp. 6.46% 1,190,000 $22.4M No change
IBKR Interactive Brokers Gro Class A 6.33% 327,200 $21.9M No change
WSM Williams-Sonoma Inc. 5.89% 111,994 $20.4M No change
MLI Mueller Industries Inc. 5.41% 169,280 $18.8M No change
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 4.29% 396,095 $14.9M No change
YOU Clear Secure Inc. Class A 4.04% 289,135 $14.0M No change
LPLA LPL Financial Holdings Inc. 4.04% 46,500 $14.0M Reduce -4.8%
PGR Progressive Corp. 3.66% 64,000 $12.7M No change
ESNT Essent Group Ltd. 3.62% 214,500 $12.5M Reduce -4.5%
HCA HCA Healthcare Inc. 3.61% 26,450 $12.5M No change
DDS Dillards Inc. Class A 3.55% 21,538 $12.3M No change
URI United Rentals Inc. 3.24% 15,409 $11.2M No change
QLYS Qualys Inc. 2.25% 88,641 $7.8M New
NVR NVR Inc. 2.02% 1,062 $7.0M No change
NUTX Nutex Health Inc. 1.79% 65,350 $6.2M New
ALRM Alarm.com Holdings Inc. 1.57% 126,100 $5.4M New
MA Mastercard Inc. Class A 1.44% 10,000 $5.0M No change
UNH Unitedhealth Group Inc. 1.05% 13,500 $3.7M Reduce -18.1%
AEM Agnico Eagle Mines Ltd. 0.88% 15,000 $3.0M Reduce -50.0%
SELF Global Self Storage Inc. 0.86% 586,500 $3.0M No change
AUGO Aura Minerals Inc. 0.82% 35,000 $2.9M No change
ELV Elevance Health Inc. 0.81% 9,600 $2.8M No change
SSRM SSR Mining Inc. 0.81% 95,000 $2.8M New
NEM Newmont Corp. 0.63% 20,250 $2.2M Add +12.5%
WPM Wheaton Precious Metals Corp. 0.63% 16,700 $2.2M Add +6.4%
BTG B2GOLD Corp. 0.62% 475,000 $2.2M Add +58.3%
RGLD Royal Gold Inc. 0.62% 8,400 $2.1M No change
KGC Kinross Gold Corp. 0.60% 68,500 $2.1M No change
JPM JPMorgan Chase & Co. 0.58% 6,800 $2.0M No change
MUX McEwen Inc. 0.57% 97,500 $2.0M Add +105.3%
TFPM Triple Flag Precious Met 0.54% 54,000 $1.9M No change
GLD SPDR Gold Shares 0.41% 3,290 $1.4M No change
EXR Extra Space Storage Inc. 0.38% 10,027 $1.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.35% 2,500 $1.2M Reduce -16.7%
SLV iShares Silver Trust 0.30% 15,070 $1.0M Reduce -28.5%
META Meta Platforms Inc. Class A 0.19% 1,150 $658K No change
BBW Build-A-Bear Workshop Inc. 0.18% 16,500 $618K No change
CUBE Cubesmart 0.15% 14,000 $513K No change
EVER Everquote Inc. Class A 0.14% 32,400 $500K New
PSA Public Storage 0.13% 1,700 $460K No change
GOOG Alphabet Inc. Class C 0.05% 574 $165K No change
MXE Mexico Equity and Income FD 0.02% 6,000 $77K No change
SPE Special Opportunities Fund 0.01% 2,093 $29K Add +4.7%
BRW Saba Capital Income & Opport 0.01% 3,700 $25K No change
SWZ Total Return Securities Fund 0.00% 2,250 $13K Reduce -33.2%
PCF High Income Securities Fund 0.00% 662 $4K No change
CEFS Saba Opport Hedg Cef ETF-Usd 0.00% 100 $2K No change
GRF Eagle Capital Growth Fund 0.00% 100 $1K No change
SABA Saba Capital Income & Opp II 0.00% 17 $144 No change
SVVC Firsthand Technology Value 0.00% 100 $2 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: $346.6M.

Portfolio Sells Q4 2025 → Q1 2026
AZO AutoZone Inc. Sold out 0.00% −6.39
DFIN Donnelley Financial Solution Sold out 0.00% −2.44
PYPL PayPal Holdings Inc. Sold out 0.00% −2.02
MTDR Matador Resources Co. Sold out 0.00% −1.25
LPLA LPL Financial Holdings Inc. Reduce -4.8% 4.04% −0.62
AEM Agnico Eagle Mines Ltd. Reduce -50.0% 0.88% −0.48
FNV Franco-Nevada Corp. Sold out 0.00% −0.44
UNH Unitedhealth Group Inc. Reduce -18.1% 1.05% −0.40
ESNT Essent Group Ltd. Reduce -4.5% 3.62% −0.28
EGO Eldorado Gold Corp. Sold out 0.00% −0.24
QCOM Qualcomm Inc. Sold out 0.00% −0.19
SLV iShares Silver Trust Reduce -28.5% 0.30% −0.07
BRK.B Berkshire Hathaway Inc. Class B Reduce -16.7% 0.35% −0.06
SWZ Total Return Securities Fund Reduce -33.2% 0.00% −0.00

Portfolio Buys Q4 2025 → Q1 2026
QLYS Qualys Inc. New 2.25% +2.25
NUTX Nutex Health Inc. New 1.79% +1.79
ALRM Alarm.com Holdings Inc. New 1.57% +1.57
SSRM SSR Mining Inc. New 0.81% +0.81
MUX McEwen Inc. Add +105.3% 0.57% +0.34
BTG B2GOLD Corp. Add +58.3% 0.62% +0.26
NEM Newmont Corp. Add +12.5% 0.63% +0.15
EVER Everquote Inc. Class A New 0.14% +0.14
WPM Wheaton Precious Metals Corp. Add +6.4% 0.63% +0.14
SPE Special Opportunities Fund Add +4.7% 0.01% +0.00

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