TLS Advisors LLC

Portfolio Overview

TLS Advisors LLC disclosed 17 positions worth $34.0M in its Form 13F-HR for Q2 2026, led by $EQT (EQT Corp) at 21.2% of the equity portfolio, followed by $META and $RIO. During the quarter the fund opened 1 new position and exited 0 — including a new stake in $BRLT. The portfolio is most concentrated in Energy (26.5% of disclosed assets). All figures are sourced directly from TLS Advisors LLC’s Form 13F-HR filing with the SEC under CIK 1768824.

• 

  EQT Corp

  $EQT

  83.5#11

  Quality

  $7.2M135,800 sh
• 

  Meta Platforms, Inc.

  $META

  79.6#34

  Quality

  $6.0M10,589 sh
• 

  RIO TINTO PLC

  $RIO

  —

  Quality

  $4.7M49,998 sh

• ISHARES INC - MSCI GBL ETF NEW

  —

  Quality

  $4.0M68,615 sh
• 

  FISERV INC

  $FISV

  60.4

  Quality

  $2.5M50,000 sh
• 

  Xenon Pharmaceuticals Inc.

  $XENE

  24.0

  Quality

  $1.9M30,956 sh
• 

  XOMA Royalty Corp

  $XOMA

  69.7

  Quality

  $1.8M42,165 sh
• 

  RANGE RESOURCES CORP

  $RRC

  79.2

  Quality

  $1.8M47,923 sh
• 

  Vale S.A.

  $VALE

  —

  Quality

  $1.0M67,528 sh
• 

  Alight, Inc. / Delaware

  $ALIT

  30.8

  Quality

  $985.9K1,760,462 sh

Company	Quality	Value	Shares
EQT Corp$EQT	83.5#11	$7.2M	135,800
Meta Platforms, Inc.$META	79.6#34	$6.0M	10,589
RIO TINTO PLC$RIO	—	$4.7M	49,998
ISHARES INC - MSCI GBL ETF NEW	—	$4.0M	68,615
FISERV INC$FISV	60.4	$2.5M	50,000
Xenon Pharmaceuticals Inc.$XENE	24.0	$1.9M	30,956
XOMA Royalty Corp$XOMA	69.7	$1.8M	42,165
RANGE RESOURCES CORP$RRC	79.2	$1.8M	47,923
Vale S.A.$VALE	—	$1.0M	67,528
Alight, Inc. / Delaware$ALIT	30.8	$985.9K	1,760,462

Showing top 10 of 17 holdings.

Full Holdings — TLS Advisors LLC (Q2 2026)

All 17 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	$EQT	EQT Corp	$7.2M	21.2%	+0%	83.5
2	$META	Meta Platforms, Inc.	$6.0M	17.5%	+0%	79.6
3	$RIO	RIO TINTO PLC	$4.7M	14.0%	-32%	—
4	—	ISHARES INC - MSCI GBL ETF NEW	$4.0M	11.7%	-32%	—
5	$FISV	FISERV INC	$2.5M	7.2%	+4%	60.4
6	$XENE	Xenon Pharmaceuticals Inc.	$1.9M	5.5%	+0%	24
7	$XOMA	XOMA Royalty Corp	$1.8M	5.3%	-63%	69.7
8	$RRC	RANGE RESOURCES CORP	$1.8M	5.2%	+0%	79.2
9	$VALE	Vale S.A.	$1.0M	3.0%	-32%	—
10	$ALIT	Alight, Inc. / Delaware	$985,859	2.9%	+0%	30.8
11	$HOV	HOVNANIAN ENTERPRISES INC	$551,412	1.6%	+0%	49.3
12	$OABI	OmniAb, Inc.	$542,885	1.6%	-12%	32.8
13	—	ISHARES INC - MSCI SINGPOR ETF	$402,696	1.2%	+0%	—
14	$IBIT	iShares Bitcoin Trust ETF	$377,076	1.1%	+0%	—
15	$BHP	BHP Group Ltd	$252,429	0.7%	-32%	—
16	$OVID	Ovid Therapeutics Inc.	$50,728	0.1%	+0%	26.3
17	$BRLT	Brilliant Earth Group, Inc.	$12,681	0.0%	NEW	32.2