Filed: 10/8/2025ACC: 0002085853-25-000036
📋 What this filing means
HEDGES ASSET MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 102 equity positions with a total reported market value of $130.55M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
102
Positions
$130.55M
Total AUM (reported)
3.92M
Total Shares
Allocation by class
COM$76.44M58.5%
COM NEW$9.42M7.2%
CL A$4.65M3.6%
SPON ADS$4.01M3.1%
GOLD MINERS ETF$3.05M2.3%
SPONSORED ADR$2.58M2.0%
COM SHS$2.28M1.7%
Portfolio Concentration
Top 3$26.35M20.2%
4–10$22.07M16.9%
11–25$28.42M21.8%
Rest$53.72M41.1%
Top 3 weight
20.2%
Top 10 weight
37.1%
Voting Authority Distribution
Total shares with voting rights: 3.92M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.92M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole102
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings102
Rows:
GLACIER BANCORP INC NEW
SOLEShares290.22K
TypeSH
Market value$14.13M
10.82%
Sole
0.00
Shared
0.00
None
290.22K
GE AEROSPACE
SOLEShares22.95K
TypeSH
Market value$6.90M
5.29%
Sole
0.00
Shared
0.00
None
22.95K
BOEING CO
SOLEShares24.65K
TypeSH
Market value$5.32M
4.08%
Sole
0.00
Shared
0.00
None
24.65K
SHELL PLC
SOLEShares56.10K
TypeSH
Market value$4.01M
3.07%
Sole
0.00
Shared
0.00
None
56.10K
GAMING & LEISURE PPTYS INC
SOLEShares78.26K
TypeSH
Market value$3.65M
2.79%
Sole
0.00
Shared
0.00
None
78.26K
PENN ENTERTAINMENT INC
SOLEShares176.15K
TypeSH
Market value$3.39M
2.60%
Sole
0.00
Shared
0.00
None
176.15K
VANECK ETF TRUST
SOLEShares39.90K
TypeSH
Market value$3.05M
2.33%
Sole
0.00
Shared
0.00
None
39.90K
SOUTHWEST AIRLS CO
SOLEShares90.80K
TypeSH
Market value$2.90M
2.22%
Sole
0.00
Shared
0.00
None
90.80K
BP PLC
SOLEShares74.86K
TypeSH
Market value$2.58M
1.98%
Sole
0.00
Shared
0.00
None
74.86K
WYNN RESORTS LTD
SOLEShares19.41K
TypeSH
Market value$2.49M
1.91%
Sole
0.00
Shared
0.00
None
19.41K
VERIZON COMMUNICATIONS INC
SOLEShares54.55K
TypeSH
Market value$2.40M
1.84%
Sole
0.00
Shared
0.00
None
54.55K
PROSHARES TR
SOLEShares71.90K
TypeSH
Market value$2.23M
1.71%
Sole
0.00
Shared
0.00
None
71.90K
LYFT INC
SOLEShares95.50K
TypeSH
Market value$2.10M
1.61%
Sole
0.00
Shared
0.00
None
95.50K
ARCOS DORADOS HOLDINGS INC
SOLEShares299.10K
TypeSH
Market value$2.02M
1.55%
Sole
0.00
Shared
0.00
None
299.10K
BARRICK MNG CORP
SOLEShares61K
TypeSH
Market value$2.00M
1.53%
Sole
0.00
Shared
0.00
None
61K
SPROTT ASSET MANAGEMENT LP
SOLEShares65K
TypeSH
Market value$1.93M
1.47%
Sole
0.00
Shared
0.00
None
65K
NEW GOLD INC CDA
SOLEShares267.50K
TypeSH
Market value$1.92M
1.47%
Sole
0.00
Shared
0.00
None
267.50K
PAN AMERN SILVER CORP
SOLEShares47.95K
TypeSH
Market value$1.86M
1.42%
Sole
0.00
Shared
0.00
None
47.95K
DOW INC
SOLEShares80.90K
TypeSH
Market value$1.86M
1.42%
Sole
0.00
Shared
0.00
None
80.90K
LINDBLAD EXPEDITIONS HLDGS I
SOLEShares141.30K
TypeSH
Market value$1.81M
1.39%
Sole
0.00
Shared
0.00
None
141.30K
INTEL CORP
SOLEShares52.60K
TypeSH
Market value$1.76M
1.35%
Sole
0.00
Shared
0.00
None
52.60K
CHEVRON CORP NEW
SOLEShares11.10K
TypeSH
Market value$1.72M
1.32%
Sole
0.00
Shared
0.00
None
11.10K
VANGUARD INTL EQUITY INDEX F
SOLEShares21K
TypeSH
Market value$1.68M
1.28%
Sole
0.00
Shared
0.00
None
21K
NEWMONT CORP
SOLEShares18.95K
TypeSH
Market value$1.60M
1.22%
Sole
0.00
Shared
0.00
None
18.95K
UNILEVER PLC
SOLEShares26K
TypeSH
Market value$1.54M
1.18%
Sole
0.00
Shared
0.00
None
26K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
GLACIER BANCORP INC NEWSOLE | COM | 290.22K | SH | $14.13M 10.82% | 0.00 | 0.00 | 290.22K |
GE AEROSPACESOLE | COM NEW | 22.95K | SH | $6.90M 5.29% | 0.00 | 0.00 | 22.95K |
BOEING COSOLE | COM | 24.65K | SH | $5.32M 4.08% | 0.00 | 0.00 | 24.65K |
SHELL PLCSOLE | SPON ADS | 56.10K | SH | $4.01M 3.07% | 0.00 | 0.00 | 56.10K |
GAMING & LEISURE PPTYS INCSOLE | COM | 78.26K | SH | $3.65M 2.79% | 0.00 | 0.00 | 78.26K |
PENN ENTERTAINMENT INCSOLE | COM | 176.15K | SH | $3.39M 2.60% | 0.00 | 0.00 | 176.15K |
VANECK ETF TRUSTSOLE | GOLD MINERS ETF | 39.90K | SH | $3.05M 2.33% | 0.00 | 0.00 | 39.90K |
SOUTHWEST AIRLS COSOLE | COM | 90.80K | SH | $2.90M 2.22% | 0.00 | 0.00 | 90.80K |
BP PLCSOLE | SPONSORED ADR | 74.86K | SH | $2.58M 1.98% | 0.00 | 0.00 | 74.86K |
WYNN RESORTS LTDSOLE | COM | 19.41K | SH | $2.49M 1.91% | 0.00 | 0.00 | 19.41K |
VERIZON COMMUNICATIONS INCSOLE | COM | 54.55K | SH | $2.40M 1.84% | 0.00 | 0.00 | 54.55K |
PROSHARES TRSOLE | SHORT QQQ | 71.90K | SH | $2.23M 1.71% | 0.00 | 0.00 | 71.90K |
LYFT INCSOLE | CL A COM | 95.50K | SH | $2.10M 1.61% | 0.00 | 0.00 | 95.50K |
ARCOS DORADOS HOLDINGS INCSOLE | SHS CLASS -A - | 299.10K | SH | $2.02M 1.55% | 0.00 | 0.00 | 299.10K |
BARRICK MNG CORPSOLE | COM SHS | 61K | SH | $2.00M 1.53% | 0.00 | 0.00 | 61K |
SPROTT ASSET MANAGEMENT LPSOLE | PHYSICAL GOLD TR | 65K | SH | $1.93M 1.47% | 0.00 | 0.00 | 65K |
NEW GOLD INC CDASOLE | COM | 267.50K | SH | $1.92M 1.47% | 0.00 | 0.00 | 267.50K |
PAN AMERN SILVER CORPSOLE | COM | 47.95K | SH | $1.86M 1.42% | 0.00 | 0.00 | 47.95K |
DOW INCSOLE | COM | 80.90K | SH | $1.86M 1.42% | 0.00 | 0.00 | 80.90K |
LINDBLAD EXPEDITIONS HLDGS ISOLE | COM | 141.30K | SH | $1.81M 1.39% | 0.00 | 0.00 | 141.30K |
INTEL CORPSOLE | COM | 52.60K | SH | $1.76M 1.35% | 0.00 | 0.00 | 52.60K |
CHEVRON CORP NEWSOLE | COM | 11.10K | SH | $1.72M 1.32% | 0.00 | 0.00 | 11.10K |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EUROPE ETF | 21K | SH | $1.68M 1.28% | 0.00 | 0.00 | 21K |
NEWMONT CORPSOLE | COM | 18.95K | SH | $1.60M 1.22% | 0.00 | 0.00 | 18.95K |
UNILEVER PLCSOLE | SPON ADR NEW | 26K | SH | $1.54M 1.18% | 0.00 | 0.00 | 26K |
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