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Portfolio (Quarterly) Guide ↗

Hedges Asset Management LLC

· CIK 0001906202
13F Portfolio $131M AUM Filed Oct 8, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 102 New
Page 1 of 6  ·  102 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 GBCI GLACIER BANCORP INC NEW Financial Services 290,223.0 $14.1M 10.82% NEW $48.67 -4.5%
2 GE GE AEROSPACE Industrials 22,950.0 $6.9M 5.29% NEW $300.82 -3.1%
3 BA BOEING CO Industrials 24,650.0 $5.3M 4.08% NEW $215.83 +2.2%
4 SHEL SHELL PLC Energy 56,100.0 $4.0M 3.07% NEW $71.53 +18.1%
5 GLPI GAMING & LEISURE PPTYS INC Real Estate 78,260.0 $3.6M 2.79% NEW $46.61 +0.6%
6 PENN PENN ENTERTAINMENT INC Consumer Cyclical 176,150.0 $3.4M 2.60% NEW $19.26 -17.8%
7 GDX VANECK ETF TRUST 39,900.0 $3.0M 2.33% NEW $76.40 +14.3%
8 LUV SOUTHWEST AIRLS CO Industrials 90,800.0 $2.9M 2.22% NEW $31.91 +23.3%
9 BP BP PLC Energy 74,856.0 $2.6M 1.98% NEW $34.46 +28.7%
10 WYNN WYNN RESORTS LTD Consumer Cyclical 19,415.0 $2.5M 1.91% NEW $128.27 -25.6%
11 VZ VERIZON COMMUNICATIONS INC Communication Services 54,550.0 $2.4M 1.84% NEW $43.95 +7.1%
12 PSQ PROSHARES TR 71,900.0 $2.2M 1.71% NEW $31.04 -15.3%
13 LYFT LYFT INC Technology 95,500.0 $2.1M 1.61% NEW $22.01 -40.7%
14 ARCO ARCOS DORADOS HOLDINGS INC Consumer Cyclical 299,100.0 $2.0M 1.55% NEW $6.75 +20.4%
15 B BARRICK MNG CORP Basic Materials 61,000.0 $2.0M 1.53% NEW $32.77 +23.9%
16 PHYS SPROTT ASSET MANAGEMENT LP Financial Services 65,000.0 $1.9M 1.48% NEW $29.62 +16.2%
17 NEW GOLD INC CDA 267,500.0 $1.9M 1.47% NEW $7.18
18 PAAS PAN AMERN SILVER CORP Basic Materials 47,953.0 $1.9M 1.42% NEW $38.73 +57.7%
19 DOW DOW INC Basic Materials 80,900.0 $1.9M 1.42% NEW $22.93 +69.1%
20 LIND LINDBLAD EXPEDITIONS HLDGS I Consumer Cyclical 141,300.0 $1.8M 1.39% NEW $12.80 +51.2%
Page 1 of 6  ·  102 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 20.1%
Industrials 16.8%
Consumer Cyclical 13.7%
Basic Materials 11.0%
Energy 10.4%
Healthcare 7.6%
Technology 7.5%
Communication Services 5.0%
Real Estate 4.0%
Consumer Defensive 3.8%