CIK 1548577
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 98.67% | 37 |
| Metals & Mining | 0.45% | 8 |
| Semiconductors & Semiconductor Equipment | 0.26% | 1 |
| Technology Hardware & Equipment | 0.16% | 1 |
| Construction Materials | 0.14% | 1 |
| Automobiles & Components | 0.12% | 1 |
| Banks | 0.05% | 1 |
| Software | 0.05% | 1 |
| Oil, Gas & Consumable Fuels | 0.05% | 1 |
| Specialty Retail | 0.04% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | XES | SPDR SERIES TRUST | Unclassified | 7.74% |
| 2 | TLT | ISHARES TR | Unclassified | 7.58% |
| 3 | HGER | HARBOR ETF TRUST | Unclassified | 6.91% |
| 4 | GDX | VANECK ETF TRUST GOLD MINERS ETF | Unclassified | 6.69% |
| 5 | ILF | ISHARES TR | Unclassified | 6.49% |
| 6 | EEM | ISHARES TR | Unclassified | 5.86% |
| 7 | IEI | ISHARES TR | Unclassified | 5.86% |
| 8 | PICK | ISHARES INC | Unclassified | 5.80% |
| 9 | XLI | SELECT SECTOR SPDR TR | Unclassified | 5.78% |
| 10 | EFA | ISHARES TR | Unclassified | 5.74% |
16/53 names classified · sector 1.3% of weight · industry 1.3% · mkt cap 1.1%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 1.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.9% of book weight (9/53 names) · unclassified 99.1%: XES, TLT, HGER, GDX, ILF, EEM, IEI, PICK, XLI, EFA +34 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | XESSPDR SERIES TRUST | 366,483 | $43M | 7.7% | HOLD |
| 2 | TLTISHARES TR | 481,593 | $42M | 7.6% | ADD 11% |
| 3 | HGERHARBOR ETF TRUST | 1,228,121 | $38M | 6.9% | ADD 4% |
| 4 | GDXVANECK ETF TRUST GOLD MINERS ETF | 401,396 | $37M | 6.7% | TRIM −54% |
| 5 | ILFISHARES TR | 1,006,655 | $36M | 6.5% | ADD 2% |
| 6 | EEMISHARES TR | 568,774 | $32M | 5.9% | ADD 4% |
| 7 | IEIISHARES TR | 272,300 | $32M | 5.9% | ADD 8% |
| 8 | PICKISHARES INC | 564,600 | $32M | 5.8% | ADD 6% |
| 9 | XLISELECT SECTOR SPDR TR | 196,753 | $32M | 5.8% | ADD 4% |
| 10 | EFAISHARES TR | 325,451 | $32M | 5.7% | ADD 5% |
| 11 | IAUISHARES GOLD TR | 341,055 | $30M | 5.5% | NEW |
| 12 | XNTKSPDR SERIES TRUST | 105,050 | $27M | 4.9% | ADD 6% |
| 13 | XLUSELECT SECTOR SPDR TR | 562,680 | $26M | 4.7% | ADD 5% |
| 14 | SLVISHARES SILVER TR | 357,903 | $24M | 4.4% | HOLD |
| 15 | RSPINVESCO EXCHANGE TRADED FD T | 85,453 | $16M | 3.0% | TRIM −57% |
| 16 | EMLCVANECK ETF TRUST | 628,062 | $16M | 2.9% | ADD 5% |
| 17 | CEFSPROTT ASSET MANAGEMENT LP | 329,714 | $16M | 2.9% | TRIM −5% |
| 18 | SPTLSPDR SERIES TRUST | 230,680 | $6M | 1.1% | ADD 9% |
| 19 | PSLVSPROTT ASSET MANAGEMENT LP | 225,353 | $5M | 1.0% | TRIM −14% |
| 20 | PHYSSprott Physical Gold Trust | 108,696 | $4M | 0.7% | HOLD |
| 21 | SGOVISHARES TR | 35,095 | $4M | 0.6% | ADD 22% |
| 22 | GDXJVANECK ETF TRUST | 27,198 | $3M | 0.6% | HOLD |
| 23 | SILGLOBAL X FDS | 31,073 | $3M | 0.5% | ADD 8% |
| 24 | SPYSTATE STR SPDR S&P 500 ETF T | 2,800 | $2M | 0.3% | NEW |
| 25 | SGDMSPROTT ETF TRUST | 20,831 | $2M | 0.3% | TRIM −58% |
| 26 | NVDANVIDIA CORPORATION | 8,221 | $1M | 0.3% | ADD 47% |
| 27 | BILSPDR SERIES TRUST | 10,614 | $972,667 | 0.2% | ADD 73% |
| 28 | AAPLAPPLE INC | 3,521 | $893,606 | 0.2% | ADD 43% |
| 29 | BITBBITWISE BITCOIN ETF TR | 22,969 | $845,489 | 0.2% | HOLD |
| 30 | HLHECLA MNG CO | 40,357 | $751,854 | 0.1% | NEW |
| 31 | SILJAMPLIFY ETF TR | 24,860 | $738,839 | 0.1% | TRIM −21% |
| 32 | TSLATESLA INC | 1,745 | $648,704 | 0.1% | HOLD |
| 33 | SCHZSCHWAB STRATEGIC TR | 20,900 | $485,298 | 0.1% | HOLD |
| 34 | GLDSPDR GOLD TR | 1,126 | $484,507 | 0.1% | ADD 29% |
| 35 | FNVFRANCO NEV CORP | 1,896 | $468,407 | 0.1% | HOLD |
| 36 | WPMWHEATON PRECIOUS METALS CORP | 3,262 | $427,355 | 0.1% | ADD 27% |
| 37 | AEMAGNICO EAGLE MINES LTD | 2,030 | $412,049 | 0.1% | TRIM −2% |
| 38 | QQQINEOS ETF TRUST | 7,013 | $348,476 | 0.1% | NEW |
| 39 | VWOVANGUARD INTL EQUITY INDEX F | 5,551 | $300,017 | 0.1% | HOLD |
| 40 | FRDMEA SERIES TRUST | 5,488 | $299,919 | 0.1% | HOLD |
| 41 | JPMJPMORGAN CHASE & CO | 1,017 | $299,161 | 0.1% | TRIM −14% |
| 42 | NEMNEWMONT CORP | 2,733 | $295,867 | 0.1% | NEW |
| 43 | MSFTMICROSOFT CORP | 797 | $295,025 | 0.1% | TRIM −18% |
| 44 | NXENEXGEN ENERGY LTD | 24,000 | $278,400 | 0.1% | TRIM −2% |
| 45 | XOMEXXON MOBIL CORP | 1,614 | $273,852 | 0.0% | NEW |
| 46 | AGFIRST MAJESTIC SILVER CORP | 12,220 | $262,486 | 0.0% | ADD 6% |
| 47 | UECURANIUM ENERGY CORP | 17,825 | $240,638 | 0.0% | TRIM −21% |
| 48 | EMXCISHARES INC | 2,972 | $233,778 | 0.0% | HOLD |
| 49 | SPYMSPDR SERIES TRUST | 3,030 | $231,940 | 0.0% | HOLD |
| 50 | HDHOME DEPOT INC | 703 | $231,210 | 0.0% | HOLD |
| 51 | VOOVANGUARD INDEX FDS | 335 | $200,179 | 0.0% | NEW |
| 52 | DNNDENISON MINES CORP | 27,000 | $95,310 | 0.0% | TRIM −5% |
| 53 | TEITEMPLETON EMERGING MKTS INCO | 14,027 | $84,302 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| XESSPDR SERIES TRUST | — | — | — | — | 366K | 366K | $43M |
| TLTISHARES TR | 270K | 306K | 325K | 414K | 434K | 482K | $42M |
| HGERHARBOR ETF TRUST | 1.1M | 1.1M | 1.1M | 1.1M | 1.2M | 1.2M | $38M |
| GDXVANECK ETF TRUST GOLD MINERS ETF | 761K | 1.2M | 1.1M | 863K | 866K | 401K | $37M |
| ILFISHARES TR | — | — | 964K | 1.0M | 986K | 1.0M | $36M |
| EEMISHARES TR | — | — | 533K | 546K | 549K | 569K | $32M |
| IEIISHARES TR | — | 211K | 212K | 228K | 253K | 272K | $32M |
| PICKISHARES INC | — | — | — | — | 535K | 565K | $32M |
| XLISELECT SECTOR SPDR TR | 170K | 176K | 178K | 183K | 190K | 197K | $32M |
| EFAISHARES TR | — | 288K | 292K | 300K | 311K | 325K | $32M |
| IAUISHARES GOLD TR | — | — | — | — | — | 341K | $30M |
| XNTKSPDR SERIES TRUST | — | 58K | 100K | 103K | 99K | 105K | $27M |
| XLUSELECT SECTOR SPDR TR | 320K | — | 246K | 254K | 537K | 563K | $26M |
| SLVISHARES SILVER TR | 24K | 12K | 380K | 399K | 361K | 358K | $24M |
| RSPINVESCO EXCHANGE TRADED FD T | 257K | 399K | 181K | 187K | 200K | 85K | $16M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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