Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (38 quarters reported)
$66.8M in Q2 2013 → $669M now. Hover for any quarter.
As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| VE Vaneck ETF Trust | 7.7% | Added 43% | 585,790 | $51.4M |
| IT Ishares Tr | 7.0% | New | 575,960 | $46.8M |
| HE Harbor ETF Trust | 6.7% | Trimmed 0.4% | 1,269,762 | $44.8M |
| IT Ishares Tr | 5.9% | Added 0.8% | 587,801 | $39.3M |
| IT Ishares Tr | 5.5% | Added 1.8% | 1,067,669 | $36.8M |
| IT Ishares Tr | 5.4% | Added 2.4% | 345,425 | $35.9M |
| IT Ishares Tr | 5.2% | Added 4.8% | 309,165 | $35.1M |
| SS SPDR Series Trust | 5.2% | Trimmed 13% | 324,141 | $34.9M |
| SS Select Sector SPDR Tr | 5.2% | Added 2.1% | 207,915 | $34.7M |
| SS SPDR Series Trust | 4.9% | Added 141% | 469,296 | $32.6M |
| IT Ishares Tr | 4.4% | Trimmed 30% | 376,256 | $29.3M |
| I Ishares Inc | 4.4% | Trimmed 17% | 486,143 | $29.1M |
| SS SPDR Series Trust | 4.3% | Trimmed 11% | 75,239 | $28.8M |
| IT Ishares Tr | 3.9% | Added 2.2% | 192,791 | $26.2M |
| SS SPDR Series Trust | 3.2% | Added 263% | 903,197 | $21.5M |
| IS Ishares Silver Tr | 3.0% | Added 5.1% | 373,453 | $20.4M |
| SS Select Sector SPDR Tr | 2.9% | New | 114,023 | $19.2M |
| IG Ishares Gold Tr | 2.7% | Added 73% | 234,039 | $18.3M |
| VE Vaneck ETF Trust | 2.6% | Added 3.1% | 703,820 | $17.5M |
| SS SPDR Series Trust Put | 2.1% | Added 6300% | 230,400 | $14.3M |
| SA Sprott Asset Management LP | 2.0% | Trimmed 6.2% | 325,296 | $13.5M |
| SA Sprott Asset Management LP | 0.8% | Added 11% | 262,659 | $5.09M |
| SE Sprott ETF Trust | 0.5% | Added 58% | 47,614 | $3.53M |
| SA Sprott Asset Management LP | 0.5% | Trimmed 5.4% | 112,010 | $3.5M |
| VE Vaneck ETF Trust | 0.5% | Trimmed 0.2% | 27,539 | $3.14M |
| GX Global X Fds | 0.4% | Trimmed 4.0% | 28,876 | $2.48M |
| Nvidia Corporation Put | 0.4% | New | 5,000 | $2.43M |
| IT Ishares Tr | 0.3% | Trimmed 23% | 20,580 | $2.07M |
| SS SPDR Series Trust | 0.2% | Added 56% | 18,118 | $1.66M |
| Apple Inc | 0.2% | Added 3.0% | 4,235 | $1.41M |
| Nvidia Corporation | 0.2% | Trimmed 25% | 5,931 | $1.35M |
| SS State Str SPDR S&P 500 ETF T | 0.2% | Trimmed 12% | 1,524 | $1.16M |
| BB Bitwise Bitcoin ETF Tr | 0.2% | Trimmed 19% | 22,969 | $1.04M |
| AE Amplify ETF Tr | 0.1% | Trimmed 32% | 32,842 | $896K |
| FI Fundrise Innovation Fd LLC | 0.1% | New | 30,142 | $893K |
| SS State Str SPDR S&P 500 ETF T Put | 0.1% | Trimmed 51% | 1,800 | $812K |
| Hecla Mining Company | 0.1% | Trimmed 32% | 37,851 | $645K |
| Tesla Inc | 0.1% | Trimmed 56% | 1,674 | $594K |
| SS Schwab Strategic Tr | 0.1% | Trimmed 20% | 20,900 | $462K |
| Wheaton Precious Metals Corp | 0.1% | Trimmed 15% | 3,350 | $448K |
| FN Franco Nev Corp | 0.1% | Added 2.4% | 1,871 | $446K |
| Apple Inc Put | 0.1% | Added 9.5% | 2,300 | $436K |
| Agnico Eagle Mines Ltd | 0.1% | Trimmed 33% | 2,039 | $374K |
| SG SPDR Gold Tr | 0.1% | Trimmed 52% | 951 | $362K |
| Microsoft Corp | 0.1% | Trimmed 11% | 693 | $355K |
| SS SPDR Series Trust | 0.1% | Added 18% | 3,953 | $355K |
| VI Vanguard Intl Equity Index F | 0.1% | Trimmed 1.5% | 5,684 | $337K |
| Newmont Corp | 0.0% | Trimmed 0.9% | 2,794 | $322K |
| VI Vanguard Index Fds | 0.0% | New | 3,049 | $275K |
| IQ Invesco Qqq Tr Put | 0.0% | Trimmed 77% | 600 | $271K |
| Exxonmobil Holdings Corp | 0.0% | New | 1,525 | $248K |
| SE Sprott ETF Trust | 0.0% | New | 2,633 | $233K |
| ES Ea Series Trust | 0.0% | Added 4.9% | 3,238 | $227K |
| Nexgen Energy Ltd | 0.0% | Unchanged | 24,000 | $219K |
| VW Vanguard World Fd | 0.0% | New | 3,900 | $216K |
| VI Vanguard Index Fds | 0.0% | Trimmed 3.6% | 298 | $209K |
| IB Ishares Bitcoin Trust ETF | 0.0% | New | 4,352 | $206K |
| First Majestic Silver Corp | 0.0% | Trimmed 11% | 10,796 | $191K |
| Uranium Energy Corp | 0.0% | Trimmed 3.8% | 17,825 | $168K |
| Denison Mines Corp | 0.0% | Added 7.4% | 29,000 | $75.1K |
Showing top 60 of 62 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 22, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +575,960 | +$46.8M | 7.0% |
| SS Select Sector SPDR Tr | Exited | −597,390 | −$27.1M | — |
| SS SPDR Series Trust | Exited | −146,497 | −$23.2M | — |
| SS Select Sector SPDR Tr | New | +114,023 | +$19.2M | 2.9% |
| SS SPDR Series Trust | Added | +274,249 | +$19M | 4.9% |
| IE Invesco Exchange Traded Fd T | Exited | −87,977 | −$18.7M | — |
| SS SPDR Series Trust | Added | +654,539 | +$15.6M | 3.2% |
| VE Vaneck ETF Trust | Added | +175,686 | +$15.4M | 7.7% |
| SS SPDR Series Trust | Added | +226,800 | +$14.1M | 2.1% |
| IT Ishares Tr | Trimmed | −164,819 | −$12.8M | 4.4% |
Showing the 10 largest of 76 changes.
quarter ended June 30, 2026 · filed July 23, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +188,643 | +$28M | 4.4% |
| SS SPDR Series Trust | New | +146,497 | +$23.2M | 3.7% |
| IG Ishares Gold Tr | Trimmed | −205,434 | −$15.5M | 1.6% |
| SS SPDR Series Trust | New | +195,047 | +$14.6M | 2.3% |
| SS SPDR Series Trust | Trimmed | −176,600 | −$11M | — |
| SS SPDR Series Trust | Trimmed | −20,717 | −$8.09M | 5.2% |
| EG Etfs Gold Tr | New | +185,905 | +$7.11M | 1.1% |
| IT Ishares Tr | Added | +59,482 | +$5.14M | 7.4% |
| IT Ishares Tr | Added | +22,699 | +$2.67M | 5.5% |
| Nvidia Corporation | Exited | −5,200 | −$2.52M | — |
Showing the 10 largest of 71 changes.
quarter ended March 31, 2026 · filed May 05, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VE Vaneck ETF Trust | Trimmed | −464,842 | −$42.7M | 6.5% |
| IG Ishares Gold Tr | New | +341,055 | +$30.1M | 5.3% |
| IE Invesco Exchange Traded Fd T | Trimmed | −114,811 | −$22M | 2.9% |
| SS Select Sector SPDR Tr | Exited | −96,368 | −$14.9M | — |
| SS SPDR Series Trust | New | +180,200 | +$11.2M | 2.0% |
| IT Ishares Tr | Added | +47,197 | +$4.09M | 7.4% |
| Nvidia Corporation | New | +5,200 | +$2.52M | 0.4% |
| IT Ishares Tr | Added | +19,655 | +$2.33M | 5.7% |
| SE Sprott ETF Trust | Trimmed | −29,124 | −$2.2M | 0.3% |
| SS State Str SPDR S&P 500 ETF T | New | +2,800 | +$1.82M | 0.3% |
Showing the 10 largest of 61 changes.
quarter ended December 31, 2025 · filed January 30, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | New | +365,766 | +$30M | 5.5% |
| SS Select Sector SPDR Tr | Exited | −510,406 | −$27.5M | — |
| I Ishares Inc | New | +534,507 | +$27.4M | 5.0% |
| AE Alps ETF Tr | Exited | −570,532 | −$26.8M | — |
| SS Select Sector SPDR Tr | New | +96,368 | +$14.9M | 2.7% |
| SS Select Sector SPDR Tr | Added | +283,179 | +$12.1M | 4.2% |
| IT Ishares Tr | Added | +24,357 | +$2.91M | 5.5% |
| IE Invesco Exchange Traded Fd T | Added | +13,491 | +$2.58M | 7.0% |
| IS Ishares Silver Tr | Trimmed | −37,980 | −$2.45M | 4.3% |
| IT Ishares Tr | Added | +20,107 | +$1.75M | 6.9% |
Showing the 10 largest of 55 changes.
quarter ended September 30, 2025 · filed November 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VE Vaneck ETF Trust | Trimmed | −255,486 | −$19.5M | 13.4% |
| IT Ishares Tr | Added | +89,076 | +$7.96M | 7.5% |
| SS SPDR Series Trust | Trimmed | −200,251 | −$5.4M | 1.1% |
| AE Alps ETF Tr | Added | +84,520 | +$3.97M | 5.4% |
| VE Vaneck ETF Trust | Trimmed | −19,942 | −$1.97M | 0.6% |
| IT Ishares Tr | Added | +16,319 | +$1.95M | 5.5% |
| HE Harbor ETF Trust | Added | +48,447 | +$1.25M | 5.9% |
| IE Invesco Exchange Traded Fd T | Added | +6,042 | +$1.15M | 7.2% |
| IT Ishares Tr | Added | +37,880 | +$1.09M | 5.9% |
| VE Vaneck ETF Trust | Added | +38,849 | +$991K | 2.9% |
Showing the 10 largest of 48 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IE Invesco Exchange Traded Fd T | Trimmed | −218,240 | −$39.7M | 7.5% |
| IT Ishares Tr | New | +533,270 | +$25.7M | 5.9% |
| IT Ishares Tr | New | +964,005 | +$25.3M | 5.8% |
| SS Select Sector SPDR Tr | New | +245,941 | +$20.1M | 4.6% |
| SS SPDR Ser Tr | Exited | −124,936 | −$12.5M | — |
| IS Ishares Silver Tr | Added | +368,838 | +$12.1M | 2.9% |
| SS SPDR Series Trust | Added | +42,078 | +$9.98M | 5.4% |
| VE Vaneck ETF Trust | Trimmed | −37,311 | −$1.94M | 13.4% |
| IT Ishares Tr | Added | +18,937 | +$1.67M | 6.6% |
| SP Sprott Physical Gold & Silve | Trimmed | −44,375 | −$1.34M | 2.3% |
Showing the 10 largest of 51 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +210,656 | +$24.9M | 6.6% |
| IE Invesco Exchange Traded Fd T | Added | +141,560 | +$24.5M | 18.4% |
| SS Select Sector SPDR Tr | Exited | −319,538 | −$24.2M | — |
| IT Ishares Tr | New | +287,581 | +$23.5M | 6.2% |
| I Ishares Inc | Exited | −413,335 | −$22.9M | — |
| IT Ishares Tr | Exited | −362,276 | −$22.6M | — |
| VE Vaneck ETF Trust | Added | +394,744 | +$18.1M | 14.1% |
| IT Ishares Tr | Exited | −227,594 | −$12M | — |
| VE Vaneck ETF Trust | New | +501,246 | +$12M | 3.2% |
| VM Vaneck Merk Gold ETF | Exited | −459,645 | −$11.6M | — |
Showing the 10 largest of 78 changes.
quarter ended December 31, 2024 · filed January 17, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IE Invesco Exchange Traded Fd T | New | +257,411 | +$45.1M | 13.3% |
| VE Vaneck ETF Trust | Exited | −605,100 | −$24.1M | — |
| I Ishares Inc | Exited | −254,212 | −$18.2M | — |
| VE Vaneck ETF Trust | Trimmed | −483,518 | −$16.4M | 7.6% |
| IT Ishares Tr | Trimmed | −161,271 | −$14.1M | 6.9% |
| I Ishares Inc | Exited | −189,000 | −$13.5M | — |
| SS SPDR Ser Tr | Exited | −73,613 | −$11.8M | — |
| SS Select Sector SPDR Tr | Exited | −140,473 | −$11.7M | — |
| VM Vaneck Merk Gold ETF | New | +459,645 | +$11.6M | 3.4% |
| SS Select Sector SPDR Tr | Exited | −71,191 | −$11M | — |
Showing the 10 largest of 70 changes.
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