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Portfolio (Quarterly) Guide ↗

Hedges Asset Management LLC

· CIK 0001906202
13F Portfolio $142M AUM 108 positions Filed Jan 27, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 11 New 20 Added 33 Reduced 5 Exited
Page 2 of 6  ·  108 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 LIND LINDBLAD EXPEDITIONS HLDGS I Consumer Cyclical 139,900.0 $2.0M 1.42% -1K -1.0% $14.42 +29.5%
22 INTC INTEL CORP Technology 52,400.0 $1.9M 1.36% $36.90 +198.6%
23 DOW DOW INC Basic Materials 82,200.0 $1.9M 1.35% +1K +1.6% $23.38 +60.9%
24 NEM NEWMONT CORP Basic Materials 18,850.0 $1.9M 1.33% -100.0 -0.5% $99.85 +5.8%
25 PPLT ABRDN PLATINUM ETF TRUST Financial Services 9,450.0 $1.8M 1.24% -150.0 -1.6% $186.43 -90.6%
26 VGK VANGUARD INTL EQUITY INDEX F 21,000.0 $1.8M 1.24% $83.61 +3.8%
27 HON HONEYWELL INTL INC Industrials 8,950.0 $1.7M 1.23% +6K +177.5% $195.09 +11.7%
28 ELAN ELANCO ANIMAL HEALTH INC Healthcare 76,000.0 $1.7M 1.21% -500.0 -0.7% $22.63 -13.7%
29 LYFT LYFT INC Technology 87,600.0 $1.7M 1.20% -8K -8.3% $19.37 -32.3%
30 CVX CHEVRON CORP NEW Energy 11,100.0 $1.7M 1.19% $152.41 +28.7%
31 FDX FEDEX CORP Industrials 5,750.0 $1.7M 1.17% $288.86 +29.6%
32 UNILEVER PLC 23,103.0 $1.5M 1.07% NEW $65.40
33 WFC WELLS FARGO CO NEW Financial Services 16,000.0 $1.5M 1.05% -2K -8.6% $93.20 -19.6%
34 BKD BROOKDALE SR LIVING INC Healthcare 137,000.0 $1.5M 1.04% -5K -3.5% $10.79 +23.0%
35 MRK MERCK & CO INC Healthcare 13,900.0 $1.5M 1.03% $105.26 +8.7%
36 FMC FMC CORP Basic Materials 100,100.0 $1.4M 0.98% +59K +142.4% $13.87 -7.7%
37 IBM INTERNATIONAL BUSINESS MACHS Technology 4,600.0 $1.4M 0.96% -200.0 -4.2% $296.21 -24.9%
38 L LOEWS CORP Financial Services 12,700.0 $1.3M 0.94% $105.31 +2.3%
39 SLB SLB LIMITED Energy 34,700.0 $1.3M 0.94% -300.0 -0.9% $38.38 +48.6%
40 WY WEYERHAEUSER CO MTN BE Real Estate 55,500.0 $1.3M 0.93% +18K +50.0% $23.69 -3.1%
Page 2 of 6  ·  108 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 21.3%
Industrials 17.9%
Consumer Cyclical 12.8%
Basic Materials 11.3%
Energy 10.2%
Healthcare 7.9%
Technology 6.3%
Communication Services 5.2%
Real Estate 3.9%
Consumer Defensive 3.1%