STANSBERRY ASSET MANAGEMENT, LLC

PrivateCIK: 1725910

Location

WESTLAKE, TX

145

Positions

$1.09B

Total AUM (reported)

48.10M

Total Shares

Allocation by class

COM$639.39M58.6%

CL A$57.43M5.3%

CAP STK CL A$48.17M4.4%

SHS$36.96M3.4%

COM CL A$30.36M2.8%

COM NEW$26.84M2.5%

0-3 MTH TREASURY$25.42M2.3%

Portfolio Concentration

Top 3$112.54M10.3%

4–10$183.97M16.9%

11–25$259.24M23.8%

Rest$535.62M49.1%

Top 3 weight

10.3%

Top 10 weight

27.2%

Voting Authority Distribution

Total shares with voting rights: 48.10M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

48.10M

% of voting shares100.0%

Investment Discretion (by position count)

Sole145

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings145

Rows:

ALPHABET INC

SOLE

CAP STK CL A

Shares134.78K

TypeSH

Market value$48.17M

4.41%

Sole

0.00

Shared

0.00

None

134.78K

AMAZON COM INC

SOLE

COM

Shares139.66K

TypeSH

Market value$33.29M

3.05%

Sole

0.00

Shared

0.00

None

139.66K

AAR CORP

SOLE

COM

Shares217.47K

TypeSH

Market value$31.08M

2.85%

Sole

0.00

Shared

0.00

None

217.47K

AXIS CAP HLDGS LTD

SOLE

SHS

Shares279.59K

TypeSH

Market value$30.04M

2.75%

Sole

0.00

Shared

0.00

None

279.59K

GENERAL DYNAMICS CORP

SOLE

COM

Shares79.92K

TypeSH

Market value$28.31M

2.59%

Sole

0.00

Shared

0.00

None

79.92K

TIMKEN CO

SOLE

COM

Shares181.74K

TypeSH

Market value$26.41M

2.42%

Sole

0.00

Shared

0.00

None

181.74K

COCA COLA CO

SOLE

COM

Shares317.10K

TypeSH

Market value$25.77M

2.36%

Sole

0.00

Shared

0.00

None

317.10K

ELI LILLY & CO

SOLE

COM

Shares21.24K

TypeSH

Market value$25.48M

2.33%

Sole

0.00

Shared

0.00

None

21.24K

ISHARES TR

SOLE

0-3 MTH TREASURY

Shares252.50K

TypeSH

Market value$25.42M

2.33%

Sole

0.00

Shared

0.00

None

252.50K

PARKER-HANNIFIN CORP

SOLE

COM

Shares23.05K

TypeSH

Market value$22.54M

2.07%

Sole

0.00

Shared

0.00

None

23.05K

NVIDIA CORPORATION

SOLE

COM

Shares108.16K

TypeSH

Market value$21.64M

1.98%

Sole

0.00

Shared

0.00

None

108.16K

ISHARES TR

SOLE

MSCI EMG MKT ETF

Shares308.63K

TypeSH

Market value$21.11M

1.93%

Sole

0.00

Shared

0.00

None

308.63K

VITA COCO CO INC

SOLE

COM

Shares317.62K

TypeSH

Market value$21.01M

1.92%

Sole

0.00

Shared

0.00

None

317.62K

VISA INC

SOLE

COM CL A

Shares61.07K

TypeSH

Market value$20.95M

1.92%

Sole

0.00

Shared

0.00

None

61.07K

JANUS DETROIT STR TR

SOLE

HENDERSON MTG

Shares426.97K

TypeSH

Market value$19.21M

1.76%

Sole

0.00

Shared

0.00

None

426.97K

ISHARES TR

SOLE

MBS ETF

Shares202.31K

TypeSH

Market value$19.12M

1.75%

Sole

0.00

Shared

0.00

None

202.31K

MARKEL GROUP INC

SOLE

COM

Shares9.14K

TypeSH

Market value$17.86M

1.64%

Sole

0.00

Shared

0.00

None

9.14K

SHELL PLC

SOLE

SPON ADS

Shares213.48K

TypeSH

Market value$16.55M

1.52%

Sole

0.00

Shared

0.00

None

213.48K

CRH PLC

SOLE

ORD

Shares149.93K

TypeSH

Market value$16.04M

1.47%

Sole

0.00

Shared

0.00

None

149.93K

AFFIRM HLDGS INC

SOLE

NOTE 11/1

Shares15.17M

TypePRN

Market value$14.90M

1.37%

Sole

0.00

Shared

0.00

None

15.17M

INTERCONTINENTAL EXCHANGE IN

SOLE

COM

Shares120.89K

TypeSH

Market value$14.88M

1.36%

Sole

0.00

Shared

0.00

None

120.89K

UGI CORP NEW

SOLE

COM

Shares427.60K

TypeSH

Market value$14.77M

1.35%

Sole

0.00

Shared

0.00

None

427.60K

AES CORP

SOLE

COM

Shares962.33K

TypeSH

Market value$14.11M

1.29%

Sole

0.00

Shared

0.00

None

962.33K

RITHM CAPITAL CORP

SOLE

COM NEW

Shares1.45M

TypeSH

Market value$13.58M

1.24%

Sole

0.00

Shared

0.00

None

1.45M

MICROSOFT CORP

SOLE

COM

Shares36.20K

TypeSH

Market value$13.50M

1.24%

Sole

0.00

Shared

0.00

None

36.20K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ALPHABET INCSOLE	CAP STK CL A	134.78K	SH	$48.17M 4.41%	134.78K
AMAZON COM INCSOLE	COM	139.66K	SH	$33.29M 3.05%	139.66K
AAR CORPSOLE	COM	217.47K	SH	$31.08M 2.85%	217.47K
AXIS CAP HLDGS LTDSOLE	SHS	279.59K	SH	$30.04M 2.75%	279.59K
GENERAL DYNAMICS CORPSOLE	COM	79.92K	SH	$28.31M 2.59%	79.92K
TIMKEN COSOLE	COM	181.74K	SH	$26.41M 2.42%	181.74K
COCA COLA COSOLE	COM	317.10K	SH	$25.77M 2.36%	317.10K
ELI LILLY & COSOLE	COM	21.24K	SH	$25.48M 2.33%	21.24K
ISHARES TRSOLE	0-3 MTH TREASURY	252.50K	SH	$25.42M 2.33%	252.50K
PARKER-HANNIFIN CORPSOLE	COM	23.05K	SH	$22.54M 2.07%	23.05K
NVIDIA CORPORATIONSOLE	COM	108.16K	SH	$21.64M 1.98%	108.16K
ISHARES TRSOLE	MSCI EMG MKT ETF	308.63K	SH	$21.11M 1.93%	308.63K
VITA COCO CO INCSOLE	COM	317.62K	SH	$21.01M 1.92%	317.62K
VISA INCSOLE	COM CL A	61.07K	SH	$20.95M 1.92%	61.07K
JANUS DETROIT STR TRSOLE	HENDERSON MTG	426.97K	SH	$19.21M 1.76%	426.97K
ISHARES TRSOLE	MBS ETF	202.31K	SH	$19.12M 1.75%	202.31K
MARKEL GROUP INCSOLE	COM	9.14K	SH	$17.86M 1.64%	9.14K
SHELL PLCSOLE	SPON ADS	213.48K	SH	$16.55M 1.52%	213.48K
CRH PLCSOLE	ORD	149.93K	SH	$16.04M 1.47%	149.93K
AFFIRM HLDGS INCSOLE	NOTE 11/1	15.17M	PRN	$14.90M 1.37%	15.17M
INTERCONTINENTAL EXCHANGE INSOLE	COM	120.89K	SH	$14.88M 1.36%	120.89K
UGI CORP NEWSOLE	COM	427.60K	SH	$14.77M 1.35%	427.60K
AES CORPSOLE	COM	962.33K	SH	$14.11M 1.29%	962.33K
RITHM CAPITAL CORPSOLE	COM NEW	1.45M	SH	$13.58M 1.24%	1.45M
MICROSOFT CORPSOLE	COM	36.20K	SH	$13.50M 1.24%	36.20K

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