Hedges Asset Management LLC
Sector Allocation
- Industrials17.7%$26.9M
- Financials17.6%$26.8M
- Consumer Discretionary10.7%$16.3M
- Materials9.9%$15.1M
- Other9.6%$14.6M
- Healthcare8.9%$13.5M
- Energy7.2%$10.9M
- Technology7.0%$10.7M
- Consumer Staples4.4%$6.7M
- Communication Services3.9%$6.0M
AUM History
13fpro.ai/research/fund/hedges-asset-management-llc-1906202
Conviction and streaks
Concentrating · top 10 = 36.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
GBCI
$15.3MGE
$7.3MBA
$6.0MINTC
$4.7MLUV
$4.3MPENN
$4.0M- PROSHARES$3.8M
SHEL
$3.8MGLPI
$3.5MARCO
$2.8MBP
$2.8M- VANECK$2.8M
CNH
$2.7MBCS
$2.5MMTN
$2.5MLIND
$2.3MFMC
$2.1MDOW
$2.1M- PROSHARES$2.1M
B
$2.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/hedges-asset-management-llc-1906202
Hedges Asset Management LLC 13F holdings — Q2 2026
$152.4M portfolio (+7.5% QoQ) · 108 holdings · Q2 2026 13F · top 10 are 36% of the stock portfolio
$15.3M
10.0% of stocks
+0.2%This quarter0.0%Since filed9+ qtrsHeld$7.3M
4.8% of stocks
-10%This quarter-20.2%Since filed9+ qtrsHeldAIQuality72.7#139Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 8 qtrs in a row$6.0M
3.9% of stocks
+8%This quarter-11.0%Since filed9+ qtrsHeld$4.7M
3.1% of stocks
-36%This quarter-1.3%Since filed9+ qtrsHeld$4.3M
2.8% of stocks
-7%This quarter-5.6%Since filed9+ qtrsHeld$4.0M
2.6% of stocks
+4%This quarter-29.6%Since filed9+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row- 7
PROSHARES TR - SHORT QQQ
$3.8M
2.5% of stocks
+123%This quarter—Since filed—HeldAIQuality—Est. buy— $3.8M
2.5% of stocks
-14%This quarter+23.8%Since filed9+ qtrsHeld$3.5M
2.3% of stocks
No changeThis quarter-12.5%Since filed9+ qtrsHeld$2.8M
1.9% of stocks
+22%This quarter-15.2%Since filed9+ qtrsHeld
All holdings — Hedges Asset Management LLC (Q2 2026)
108 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | BP PLCadr | Energy | $2.8M | 1.8% | 75K | -0.0% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | — | VANECK ETF TRUST - GOLD MINERS ETFetf/fund | — | $2.8M | 1.8% | 37K | -8% | — | — | 13F |
| 13 | CNH Industrial N.V. | Industrials | $2.7M | 1.8% | 238K | +97% | 9+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | BARCLAYS PLCadr | Financials | $2.5M | 1.7% | 95K | -22% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | VAIL RESORTS INC | Communication Services | $2.5M | 1.6% | 19K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | LINDBLAD EXPEDITIONS HOLDINGS, INC. | Consumer Discretionary | $2.3M | 1.5% | 80K | -43% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | FMC CORP | Healthcare | $2.1M | 1.4% | 186K | +86% | 9+ qtrsAdded 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | DOW INC. | Materials | $2.1M | 1.4% | 78K | -5% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | PROSHARES TR - SHOR S&P 500 NEWetf/fund | — | $2.1M | 1.4% | 64K | -7% | — | — | 13F |
| 20 | BARRICK MINING CORP | Materials | $2.0M | 1.3% | 55K | +3% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | PAN AMERICAN SILVER CORP | Materials | $1.9M | 1.3% | 43K | -3% | 3 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | IMAX CORP | Technology | $1.9M | 1.2% | 47K | -17% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | — | VANGUARD INTL EQUITY INDEX F - FTSE EUROPE ETFetf/fund | — | $1.9M | 1.2% | 21K | — | — | — | 13F |
| 24 | WYNN RESORTS LTD | Consumer Discretionary | $1.8M | 1.2% | 19K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Elanco Animal Health Inc | Healthcare | $1.8M | 1.2% | 75K | -1% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CDE | Coeur Mining, Inc. | Materials | $1.8M | 1.2% | 113K | New | |||
| 27 | $PHYS | Sprott Physical Gold Trust | Financials | $1.8M | 1.2% | 61K | -6% | |||
| 28 | $UPS | UNITED PARCEL SERVICE INC | Industrials | $1.8M | 1.2% | 17K | +65% | |||
| 29 | $NEM | NEWMONT Corp /DE/ | Materials | $1.7M | 1.1% | 19K | -1% | |||
| 30 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $1.7M | 1.1% | 40K | -27% | |||
| 31 | $WY | WEYERHAEUSER CO | Real Estate | $1.5M | 1.0% | 62K | +11% | |||
| 32 | $NVO | NOVO NORDISK A S | Healthcare | $1.5M | 1.0% | 30K | New | |||
| 33 | $L | LOEWS CORP | Financials | $1.4M | 0.9% | 13K | — | |||
| 34 | $MRK | Merck & Co., Inc. | Healthcare | $1.3M | 0.9% | 10K | -25% | |||
| 35 | $CRSP | CRISPR Therapeutics AG | Healthcare | $1.3M | 0.9% | 25K | +8% | |||
| 36 | $SLB | SLB LIMITED/NV | Energy | $1.3M | 0.9% | 29K | -17% | |||
| 37 | $TGT | TARGET CORP | Consumer Staples | $1.3M | 0.9% | 10K | -3% | |||
| 38 | $UL | UNILEVER PLC | Consumer Staples | $1.3M | 0.9% | 22K | -4% | |||
| 39 | $GT | GOODYEAR TIRE & RUBBER CO /OH/ | Materials | $1.3M | 0.9% | 198K | +106% | |||
| 40 | $VTRS | Viatris Inc | Healthcare | $1.3M | 0.8% | 81K | -4% | |||
| 41 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $1.3M | 0.8% | 16K | -3% | |||
| 42 | $PPLT | abrdn Platinum ETF Trust | Financials | $1.3M | 0.8% | 90K | +847% | |||
| 43 | $KHC | Kraft Heinz Co | Consumer Staples | $1.2M | 0.8% | 53K | +14% | |||
| 44 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $1.2M | 0.8% | 4,300 | -7% | |||
| 45 | $F | FORD MOTOR CO | Consumer Discretionary | $1.2M | 0.8% | 86K | -8% | |||
| 46 | $TSN | TYSON FOODS, INC. | Consumer Staples | $1.2M | 0.8% | 21K | +0.5% | |||
| 47 | $IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | Materials | $1.1M | 0.7% | 14K | -10% | |||
| 48 | $MKC | MCCORMICK & CO INC | Consumer Staples | $1.1M | 0.7% | 23K | New | |||
| 49 | $WMB | WILLIAMS COMPANIES, INC. | Energy | $1.1M | 0.7% | 15K | -19% | |||
| 50 | $MDT | Medtronic plc | Healthcare | $1.1M | 0.7% | 14K | +260% | |||
| 51 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $1.0M | 0.7% | 4,475 | -50% | |||
| 52 | $HONA | Honeywell Aerospace Inc. | Industrials | $989K | 0.7% | 4,475 | New | |||
| 53 | $CVX | CHEVRON CORP | Energy | $986K | 0.7% | 5,950 | -46% | |||
| 54 | $NTNX | Nutanix, Inc. | Technology | $958K | 0.6% | 19K | -2% | |||
| 55 | $DIS | Walt Disney Co | Communication Services | $886K | 0.6% | 9,200 | +36% | |||
| 56 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $879K | 0.6% | 15K | -9% | |||
| 57 | $CNK | Cinemark Holdings, Inc. | Communication Services | $863K | 0.6% | 27K | -16% | |||
| 58 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $838K | 0.6% | 15K | -1% | |||
| 59 | $MBLY | Mobileye Global Inc. | Technology | $825K | 0.5% | 85K | +288% | |||
| 60 | $SCHW | SCHWAB CHARLES CORP | Financials | $803K | 0.5% | 8,700 | -7% | |||
| 61 | $BROS | Dutch Bros Inc. | Consumer Discretionary | $797K | 0.5% | 11K | +29% | |||
| 62 | $SHAK | Shake Shack Inc. | Consumer Discretionary | $781K | 0.5% | 14K | +7% | |||
| 63 | $MGM | MGM Resorts International | Consumer Discretionary | $765K | 0.5% | 16K | -14% | |||
| 64 | $ALK | ALASKA AIR GROUP, INC. | Industrials | $746K | 0.5% | 14K | New | |||
| 65 | — | ISHARES TR - MSCI EURO FL ETF | — | $741K | 0.5% | 19K | -10% | |||
| 66 | $FDX | FEDEX CORP | Industrials | $736K | 0.5% | 2,350 | -59% | |||
| 67 | — | ADVISORSHARES TR - PURE US CANN ETF | — | $716K | 0.5% | 141K | +10% | |||
| 68 | $MMM | 3M CO | Healthcare | $672K | 0.4% | 4,150 | +9% | |||
| 69 | $SLV | iShares Silver Trust | Financials | $668K | 0.4% | 13K | — | |||
| 70 | $FIGS | FIGS, Inc. | Consumer Discretionary | $650K | 0.4% | 64K | — | |||
| 71 | $SQM | CHEMICAL & MINING CO OF CHILE INC | Materials | $644K | 0.4% | 8,700 | -26% | |||
| 72 | $NTR | Nutrien Ltd. | Materials | $623K | 0.4% | 9,900 | -5% | |||
| 73 | $LYFT | Lyft, Inc. | Industrials | $579K | 0.4% | 40K | -55% | |||
| 74 | $NVST | Envista Holdings Corp | Healthcare | $494K | 0.3% | 19K | -10% | |||
| 75 | $ABNB | Airbnb, Inc. | Technology | $479K | 0.3% | 3,350 | — | |||
| 76 | — | ISHARES TR - EUROPE ETF | — | $474K | 0.3% | 6,500 | — | |||
| 77 | — | KRANESHARES TRUST - CSI CHI INTERNET | — | $470K | 0.3% | 19K | +63% | |||
| 78 | $HMC | HONDA MOTOR CO LTD | Consumer Discretionary | $455K | 0.3% | 17K | +6% | |||
| 79 | $ROG | ROGERS CORP | Materials | $430K | 0.3% | 2,625 | -31% | |||
| 80 | $INSP | Inspire Medical Systems, Inc. | Healthcare | $388K | 0.3% | 8,700 | +123% | |||
| 81 | — | VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US | — | $385K | 0.3% | 4,600 | — | |||
| 82 | $CCJ | CAMECO CORP | Materials | $377K | 0.3% | 3,700 | -21% | |||
| 83 | $HP | Helmerich & Payne, Inc. | Energy | $367K | 0.2% | 11K | -31% | |||
| 84 | — | ISHARES TR - CHINA LG-CAP ETF | — | $360K | 0.2% | 11K | — | |||
| 85 | $WT | WisdomTree, Inc. | Financials | $360K | 0.2% | 5,000 | — | |||
| 86 | $LAC | LITHIUM AMERICAS CORP. | Materials | $347K | 0.2% | 90K | +29% | |||
| 87 | $KMI | KINDER MORGAN, INC. | Energy | $336K | 0.2% | 11K | -16% | |||
| 88 | $WPM | Wheaton Precious Metals Corp. | Materials | $326K | 0.2% | 2,900 | -28% | |||
| 89 | — | ISHARES TR - MSCI EMG MKT ETF | — | $322K | 0.2% | 4,700 | — | |||
| 90 | $IVZ | Invesco Ltd. | Financials | $319K | 0.2% | 1,500 | — | |||
| 91 | $EW | Edwards Lifesciences Corp | Healthcare | $317K | 0.2% | 3,500 | -10% | |||
| 92 | $GVA | GRANITE CONSTRUCTION INC | Industrials | $316K | 0.2% | 2,000 | -20% | |||
| 93 | — | PROSHARES TR - PSHS SHORT DOW30 | — | $308K | 0.2% | 14K | -62% | |||
| 94 | $ONON | On Holding AG | Consumer Discretionary | $301K | 0.2% | 8,500 | New | |||
| 95 | $DAL | DELTA AIR LINES, INC. | Industrials | $300K | 0.2% | 3,200 | -14% | |||
| 96 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | — | $285K | 0.2% | 4,000 | — | |||
| 97 | $COP | CONOCOPHILLIPS | Energy | $281K | 0.2% | 2,700 | -21% | |||
| 98 | $MCD | MCDONALDS CORP | Consumer Discretionary | $270K | 0.2% | 1,000 | — | |||
| 99 | $WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | $270K | 0.2% | 1,000 | -35% | |||
| 100 | $DOCU | DOCUSIGN, INC. | Technology | $244K | 0.2% | 5,500 | New | |||
| 101 | $PFE | PFIZER INC | Healthcare | $243K | 0.2% | 10K | New | |||
| 102 | $CRWV | CoreWeave, Inc. | Technology | $239K | 0.2% | 2,400 | New | |||
| 103 | $CTVA | Corteva, Inc. | Consumer Staples | $237K | 0.2% | 2,800 | -20% | |||
| 104 | $FNV | FRANCO NEVADA Corp | Materials | $219K | 0.1% | 1,050 | -13% | |||
| 105 | $CPB | CAMPBELL'S Co | Consumer Staples | $206K | 0.1% | 9,250 | -34% | |||
| 106 | $ERIC | ERICSSON LM TELEPHONE CO | Technology | $201K | 0.1% | 18K | — | |||
| 107 | $FETH | Fidelity Ethereum Fund | Financials | $173K | 0.1% | 11K | New | |||
| 108 | $STLA | Stellantis N.V. | Consumer Discretionary | $86K | 0.1% | 15K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 12 new, 26 added to, 54 trimmed, 12 sold out. Share-count changes; largest moves by dollar size first.
New positions (12)
first bought this quarter
$CDECoeur Mining, Inc.$1.8M
first bought this quarter
$NVONOVO NORDISK A S$1.5M
first bought this quarter
$MKCMCCORMICK & CO INC$1.1M
first bought this quarter
$HONAHoneywell Aerospace Inc.$989K
first bought this quarter
$ALKALASKA AIR GROUP, INC.$746K
first bought this quarter
+6 more in the Excel export
Added to (26)
- PROSHARES TR - SHORT QQQ+123%
now $3.8M
now $2.7M · held 9+ qtrs, 3 adds in a row
$PPLTabrdn Platinum ETF Trust+847%
now $1.3M · held 6 qtrs
now $2.1M · held 9+ qtrs, 6 adds in a row
$MDTMedtronic plc+260%
now $1.1M · held 9+ qtrs
$UPSUNITED PARCEL SERVICE INC+65%
now $1.8M · held 9+ qtrs
+20 more in the Excel export
Trimmed (54)
now $4.7M · held 9+ qtrs
now $2.3M · held 9+ qtrs
$FDXFEDEX CORP-59%
now $736K · held 9+ qtrs
$HONHONEYWELL INTERNATIONAL INC-50%
now $1.0M · held 3 qtrs
$CVXCHEVRON CORP-46%
now $986K · held 9+ qtrs
now $7.3M · held 9+ qtrs, 8 trims in a row
+48 more in the Excel export
Sold out (12)
$NGDNew Gold Inc. /FIwas $2.2M
held 8+ qtrs
$BKDBrookdale Senior Living Inc.was $1.5M
held 8+ qtrs
$UBERUber Technologies, Incwas $797K
held 8+ qtrs
$QQnity Electronics, Inc.was $412K
held 1 qtr
$SGOLabrdn Gold ETF Trustwas $329K
$WBDWarner Bros. Discovery, Inc.was $288K
+6 more in the Excel export
Holdings by quarter
Every 13F Hedges Asset Management LLC has filed, 17 earlier quarters. Pick one to see what it held then.
Is it too late to follow Hedges Asset Management?
Q2 2026 13F filed with the SEC on Jul 27, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Hedges Asset Management's top 20 holdings: 60/100 (our AI quality score, weighted by position size; 13 of the 20 are scored)
Top 10 since filing
-5.6%
Value-weighted move of the 10 largest stock positions
Turnover
14%
Last quarter; 28% over the last 4
Top 10 weight
36%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
85%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Hedges Asset Management LLC disclosed 108 positions worth $152.4M in its Form 13F-HR for Q2 2026, led by $GBCI (GLACIER BANCORP, INC.) at 10.0% of the equity portfolio, followed by $GE and $BA. During the quarter the fund opened 12 new positions and exited 12 — including a new stake in $MTN and a full exit from $NGD. The portfolio is most concentrated in Industrials (17.7% of disclosed assets). All figures are sourced directly from Hedges Asset Management LLC’s Form 13F-HR filing with the SEC under CIK 1906202.
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