Centerstone Investors, LLC

Portfolio Overview

Centerstone Investors, LLC disclosed 22 positions worth $31.8M in its Form 13F-HR for Q4 2025, led by $GLD (SPDR GOLD TRUST) at 20.6% of the equity portfolio. During the quarter the fund opened 1 new position and exited 0 — including a new stake in $IVZ. The portfolio is most concentrated in Financials (28.4% of disclosed assets). All figures are sourced directly from Centerstone Investors, LLC’s Form 13F-HR filing with the SEC under CIK 1766788.

• 

  SPDR GOLD TRUST

  $GLD

  —

  Quality

  $6.5M16,495 sh

• ISHARES MSCI ACWI ETF

  —

  Quality

  $5.2M36,984 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $2.5M3,713 sh
• 

  Invesco Ltd.

  $IVZ

  —

  Quality

  $2.5M13,027 sh
• 

  FRANCO NEVADA Corp

  $FNV

  —

  Quality

  $1.4M6,611 sh
• 

  Tesla, Inc.

  $TSLA

  53.6

  Quality

  $1.3M3,000 sh
• 

  DOLLAR GENERAL CORP

  $DG

  59.1

  Quality

  $1.2M9,077 sh
• 

  EMERSON ELECTRIC CO

  $EMR

  65.1

  Quality

  $1.1M8,426 sh
• 

  SOUTHERN COPPER CORP/

  $SCCO

  82.9

  Quality

  $1.0M6,998 sh
• 

  CHEVRON CORP

  $CVX

  62.6

  Quality

  $936.4K6,144 sh

Company	Quality	Value	Shares
SPDR GOLD TRUST$GLD	—	$6.5M	16,495
ISHARES MSCI ACWI ETF	—	$5.2M	36,984
SPDR S&P 500 ETF TRUST$SPY	—	$2.5M	3,713
Invesco Ltd.$IVZ	—	$2.5M	13,027
FRANCO NEVADA Corp$FNV	—	$1.4M	6,611
Tesla, Inc.$TSLA	53.6	$1.3M	3,000
DOLLAR GENERAL CORP$DG	59.1	$1.2M	9,077
EMERSON ELECTRIC CO$EMR	65.1	$1.1M	8,426
SOUTHERN COPPER CORP/$SCCO	82.9	$1.0M	6,998
CHEVRON CORP$CVX	62.6	$936.4K	6,144

Showing top 10 of 22 holdings.

Full Holdings — Centerstone Investors, LLC (Q4 2025)

All 22 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$GLD	SPDR GOLD TRUST	$6.5M	20.6%	-20%	—
2	—	ISHARES MSCI ACWI ETF	$5.2M	16.4%	+0%	—
3	$SPY	SPDR S&P 500 ETF TRUST	$2.5M	8.0%	+122%	—
4	$IVZ	Invesco Ltd.	$2.5M	7.8%	NEW	—
5	$FNV	FRANCO NEVADA Corp	$1.4M	4.3%	+0%	—
6	$TSLA	Tesla, Inc.	$1.3M	4.2%	+0%	53.6
7	$DG	DOLLAR GENERAL CORP	$1.2M	3.8%	+0%	59.1
8	$EMR	EMERSON ELECTRIC CO	$1.1M	3.5%	+0%	65.1
9	$SCCO	SOUTHERN COPPER CORP/	$1.0M	3.2%	+1%	82.9
10	$CVX	CHEVRON CORP	$936,407	2.9%	+0%	62.6
11	$ROST	ROSS STORES, INC.	$928,442	2.9%	+0%	70
12	$DIS	Walt Disney Co	$895,598	2.8%	+0%	59.8
13	$CSL	CARLISLE COMPANIES INC	$841,872	2.6%	+0%	59.1
14	$ORLY	O REILLY AUTOMOTIVE INC	$762,060	2.4%	+0%	67
15	$HSIC	HENRY SCHEIN INC	$749,300	2.4%	+0%	58.6
16	$GWW	W.W. GRAINGER, INC.	$675,054	2.1%	+0%	61.3
17	$NVST	Envista Holdings Corp	$659,919	2.1%	+0%	54.4
18	$MCD	MCDONALDS CORP	$654,659	2.1%	+0%	68.6
19	$CPAY	CORPAY, INC.	$646,097	2.0%	+0%	70.6
20	$BIDU	Baidu, Inc.	$446,988	1.4%	+0%	27
21	$SMG	SCOTTS MIRACLE-GRO CO	$429,281	1.4%	+0%	45.5
22	$KMX	CARMAX INC	$344,669	1.1%	+0%	49.8