Filed: 1/27/2026ACC: 0002085853-26-000100
📋 What this filing means
HEDGES ASSET MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 108 equity positions with a total reported market value of $141.80M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
108
Positions
$141.80M
Total AUM (reported)
4.31M
Total Shares
Allocation by class
COM$81.55M57.5%
COM NEW$9.64M6.8%
CL A$4.51M3.2%
SPON ADS$4.12M2.9%
GOLD MINERS ETF$3.42M2.4%
ADR$3.07M2.2%
SPONSORED ADR$2.61M1.8%
Portfolio Concentration
Top 3$25.25M17.8%
4–10$23.13M16.3%
11–25$31.79M22.4%
Rest$61.64M43.5%
Top 3 weight
17.8%
Top 10 weight
34.1%
Voting Authority Distribution
Total shares with voting rights: 4.31M
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
4.31M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole108
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings108
Rows:
GLACIER BANCORP INC NEW
SOLEShares295.22K
TypeSH
Market value$13.00M
9.17%
Sole
0.00
Shared
0.00
None
295.22K
GE AEROSPACE
SOLEShares21.70K
TypeSH
Market value$6.68M
4.71%
Sole
0.00
Shared
0.00
None
21.70K
BOEING CO
SOLEShares25.60K
TypeSH
Market value$5.56M
3.92%
Sole
0.00
Shared
0.00
None
25.60K
SHELL PLC
SOLEShares56.10K
TypeSH
Market value$4.12M
2.91%
Sole
0.00
Shared
0.00
None
56.10K
SOUTHWEST AIRLS CO
SOLEShares90.10K
TypeSH
Market value$3.72M
2.63%
Sole
0.00
Shared
0.00
None
90.10K
GAMING & LEISURE PPTYS INC
SOLEShares78.26K
TypeSH
Market value$3.50M
2.47%
Sole
0.00
Shared
0.00
None
78.26K
VANECK ETF TRUST
SOLEShares39.90K
TypeSH
Market value$3.42M
2.41%
Sole
0.00
Shared
0.00
None
39.90K
BARCLAYS PLC
SOLEShares120.50K
TypeSH
Market value$3.07M
2.16%
Sole
0.00
Shared
0.00
None
120.50K
PENN ENTERTAINMENT INC
SOLEShares182.15K
TypeSH
Market value$2.69M
1.89%
Sole
0.00
Shared
0.00
None
182.15K
BP PLC
SOLEShares75.07K
TypeSH
Market value$2.61M
1.84%
Sole
0.00
Shared
0.00
None
75.07K
PROSHARES TR
SOLEShares69K
TypeSH
Market value$2.49M
1.75%
Sole
0.00
Shared
0.00
None
69K
PAN AMERN SILVER CORP
SOLEShares44.57K
TypeSH
Market value$2.31M
1.63%
Sole
0.00
Shared
0.00
None
44.57K
BARRICK MNG CORP
SOLEShares52.80K
TypeSH
Market value$2.30M
1.62%
Sole
0.00
Shared
0.00
None
52.80K
WYNN RESORTS LTD
SOLEShares19.02K
TypeSH
Market value$2.29M
1.61%
Sole
0.00
Shared
0.00
None
19.02K
NEW GOLD INC CDA
SOLEShares257.50K
TypeSH
Market value$2.24M
1.58%
Sole
0.00
Shared
0.00
None
257.50K
VERIZON COMMUNICATIONS INC
SOLEShares54.85K
TypeSH
Market value$2.23M
1.58%
Sole
0.00
Shared
0.00
None
54.85K
SPROTT ASSET MANAGEMENT LP
SOLEShares65K
TypeSH
Market value$2.15M
1.51%
Sole
0.00
Shared
0.00
None
65K
ARCOS DORADOS HOLDINGS INC
SOLEShares287.90K
TypeSH
Market value$2.11M
1.49%
Sole
0.00
Shared
0.00
None
287.90K
IMAX CORP
SOLEShares56.50K
TypeSH
Market value$2.09M
1.47%
Sole
0.00
Shared
0.00
None
56.50K
PROSHARES TR
SOLEShares68.30K
TypeSH
Market value$2.06M
1.45%
Sole
0.00
Shared
0.00
None
68.30K
LINDBLAD EXPEDITIONS HLDGS I
SOLEShares139.90K
TypeSH
Market value$2.02M
1.42%
Sole
0.00
Shared
0.00
None
139.90K
INTEL CORP
SOLEShares52.40K
TypeSH
Market value$1.93M
1.36%
Sole
0.00
Shared
0.00
None
52.40K
DOW INC
SOLEShares82.20K
TypeSH
Market value$1.92M
1.36%
Sole
0.00
Shared
0.00
None
82.20K
NEWMONT CORP
SOLEShares18.85K
TypeSH
Market value$1.88M
1.33%
Sole
0.00
Shared
0.00
None
18.85K
ABRDN PLATINUM ETF TRUST
SOLEShares9.45K
TypeSH
Market value$1.76M
1.24%
Sole
0.00
Shared
0.00
None
9.45K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
GLACIER BANCORP INC NEWSOLE | COM | 295.22K | SH | $13.00M 9.17% | 0.00 | 0.00 | 295.22K |
GE AEROSPACESOLE | COM NEW | 21.70K | SH | $6.68M 4.71% | 0.00 | 0.00 | 21.70K |
BOEING COSOLE | COM | 25.60K | SH | $5.56M 3.92% | 0.00 | 0.00 | 25.60K |
SHELL PLCSOLE | SPON ADS | 56.10K | SH | $4.12M 2.91% | 0.00 | 0.00 | 56.10K |
SOUTHWEST AIRLS COSOLE | COM | 90.10K | SH | $3.72M 2.63% | 0.00 | 0.00 | 90.10K |
GAMING & LEISURE PPTYS INCSOLE | COM | 78.26K | SH | $3.50M 2.47% | 0.00 | 0.00 | 78.26K |
VANECK ETF TRUSTSOLE | GOLD MINERS ETF | 39.90K | SH | $3.42M 2.41% | 0.00 | 0.00 | 39.90K |
BARCLAYS PLCSOLE | ADR | 120.50K | SH | $3.07M 2.16% | 0.00 | 0.00 | 120.50K |
PENN ENTERTAINMENT INCSOLE | COM | 182.15K | SH | $2.69M 1.89% | 0.00 | 0.00 | 182.15K |
BP PLCSOLE | SPONSORED ADR | 75.07K | SH | $2.61M 1.84% | 0.00 | 0.00 | 75.07K |
PROSHARES TRSOLE | SHORT S&P 500 NE | 69K | SH | $2.49M 1.75% | 0.00 | 0.00 | 69K |
PAN AMERN SILVER CORPSOLE | COM | 44.57K | SH | $2.31M 1.63% | 0.00 | 0.00 | 44.57K |
BARRICK MNG CORPSOLE | COM SHS | 52.80K | SH | $2.30M 1.62% | 0.00 | 0.00 | 52.80K |
WYNN RESORTS LTDSOLE | COM | 19.02K | SH | $2.29M 1.61% | 0.00 | 0.00 | 19.02K |
NEW GOLD INC CDASOLE | COM | 257.50K | SH | $2.24M 1.58% | 0.00 | 0.00 | 257.50K |
VERIZON COMMUNICATIONS INCSOLE | COM | 54.85K | SH | $2.23M 1.58% | 0.00 | 0.00 | 54.85K |
SPROTT ASSET MANAGEMENT LPSOLE | PHYSICAL GOLD TR | 65K | SH | $2.15M 1.51% | 0.00 | 0.00 | 65K |
ARCOS DORADOS HOLDINGS INCSOLE | SHS CLASS -A - | 287.90K | SH | $2.11M 1.49% | 0.00 | 0.00 | 287.90K |
IMAX CORPSOLE | COM | 56.50K | SH | $2.09M 1.47% | 0.00 | 0.00 | 56.50K |
PROSHARES TRSOLE | SHORT QQQ | 68.30K | SH | $2.06M 1.45% | 0.00 | 0.00 | 68.30K |
LINDBLAD EXPEDITIONS HLDGS ISOLE | COM | 139.90K | SH | $2.02M 1.42% | 0.00 | 0.00 | 139.90K |
INTEL CORPSOLE | COM | 52.40K | SH | $1.93M 1.36% | 0.00 | 0.00 | 52.40K |
DOW INCSOLE | COM | 82.20K | SH | $1.92M 1.36% | 0.00 | 0.00 | 82.20K |
NEWMONT CORPSOLE | COM | 18.85K | SH | $1.88M 1.33% | 0.00 | 0.00 | 18.85K |
ABRDN PLATINUM ETF TRUSTSOLE | PHYSCL PLATM SHS | 9.45K | SH | $1.76M 1.24% | 0.00 | 0.00 | 9.45K |
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