Armor Advisors, L.l.c. 13F Disclosure & Portfolio Data

CIK: 0001600698

High-turnover traderContrarianConcentrated strategy

Total reported value

$297.8M

Reporting period: 2026-03-31 · Number of holdings: 18

ARMOR ADVISORS, L.L.C. disclosed 18 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $297.8M and a quarterly turnover rate of 100.0%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "A"

Personality snowflake

Concentration: 85.14
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 0
Diversification: 36
Sizing Uniformity: 82.69

Sector classification currently covers about 20% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Trim NMM
-60.6%　-$13.2M
Trim CRH
+13.0%　-$1.4M
Trim KSPI
+7.6%　$208.5K
Trim AGI
+7.0%　$2.2M
Trim FERG
+13.5%　$623.9K
Trim FCNCA
+74.5%　$1.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	32.76%	+32.76%	NEW
2	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	29.39%	+29.39%	NEW
3	CRH	CRH plc	Stock-Materials	9.10%	-16.36%	+13.03%
4	GLD	Spdr Gold Shares	ETF-Commodities	6.94%	+6.94%	NEW
5	NMM	Navios Maritime Partners L.P.	Stock-Other	4.57%	-19.44%	-60.57%
6	AGI	Alamos Gold Inc-class A	Stock-Materials	3.97%	-4.60%	+7.05%
7	KSPI	Jsc Kaspi.kz Adr	Stock-Other	3.51%	-5.65%	+7.63%
8	FCNCA	First Citizens Bcshs -cl A	Stock-Financials	1.63%	-1.21%	+74.51%
9	SKE	Skeena Resources LTD	Stock-Other	1.48%	-0.44%	+63.55%
10	ZBH	Zimmer Biomet Holdings INC	Stock-Healthcare	1.43%	+1.43%	NEW
11	FERG	Ferguson Enterprises INC	Stock-Industrials	1.32%	-1.63%	+13.51%
12	ZTS	Zoetis INC	Stock-Healthcare	1.28%	+1.28%	NEW
13	BX	Blackstone INC	Stock-Financials	0.77%	+0.77%	NEW
14	DVN	Devon Energy CORP	Stock-Energy	0.49%	+0.49%	NEW
15	SEA1EUR	Seabridge Gold INC	Stock-Other	0.49%	-0.86%	—
16	ODV	Osisko Development CORP	Stock-Other	0.39%	+0.39%	NEW
17	EXK	Endeavour Silver CORP	Stock-Materials	0.35%	-0.58%	+0.90%
18	EOG	Eog Resources INC	Stock-Energy	0.15%	+0.15%	NEW

Portfolio Performance

Performance for Q3 2026

-4%

Performance Last 4 Quarters

+30.5%

Stdev: +16.7%
Beta: +0.7
Alpha: +7.4%
Max Drawdown: -12.7%
Annualized Perf: +20.7%
Batting Avg vs S&P: +47.2%
Sortino: +2.13
Stutzer: +0.34
Treynor: +0.29
Sterling: +1.16
Calmar: +1.64
Information Ratio: +0.13
Tracking Error: +14.5%
Stdev Down: +9.5%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +58.1%
Worst 12 Months: +0.1%
Efficiency Ratio: +0.52
Sharpe: +1.22
Stdev Sectors: +23%
Skewness: -0.6
Kurtosis: +0.53
Upside Potential: +3.62

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	18	$297.8M	100	1SPY 2HYG 3CRH Top holdings2026-03-31 1.SPY 2.HYG 3.CRH 4.GLD 5.NMM 6.AGI 7.KSPI 8.FCNCA 9.SKE 10.ZBH
2025-12-31	14	$111.8M	85	1CRH 2NMM 3KSPI Top holdings2025-12-31 1.CRH 2.NMM 3.KSPI 4.AGI 5.SLV 6.ICLR 7.SBLK 8.FERG 9.FCNCA 10.PPLT
2025-09-30	16	$179.5M	55	1GLD 2CRH 3NMM Top holdings2025-09-30 1.GLD 2.CRH 3.NMM 4.FNV 5.RGLD 6.KSPI 7.ICLR 8.SPY 9.SBLK 10.SLV
2025-06-30	18	$190.9M	0	1GLD 2SPY 3CRH Top holdings2025-06-30 1.GLD 2.SPY 3.CRH 4.NMM 5.FNV 6.RGLD 7.KSPI 8.FERG 9.HYG 10.SBLK
2025-03-31	19	$125.5M	100	1CRH 2NMM 3FNV Top holdings2025-03-31 1.CRH 2.NMM 3.FNV 4.FERG 5.RGLD 6.KSPI 7.ICLR 8.FCNCA 9.BIDU 10.SBLK
2024-12-31	13	$96.0M	0	1CRH 2NMM 3FNV Top holdings2024-12-31 1.CRH 2.NMM 3.FNV 4.FERG 5.SBLK 6.ICLR 7.FCNCA 8.RGLD 9.FRO 10.SLV
2024-09-30	13	$155.6M	0	1NMM 2CRH 3SPY Top holdings2024-09-30 1.NMM 2.CRH 3.SPY 4.XPEV 5.FNV 6.RGLD 7.SBLK 8.FCNCA 9.FRO 10.SEA1EUR
2024-06-30	12	$135.9M	0	1KSPI 2CRH 3XPEV Top holdings2024-06-30 1.KSPI 2.CRH 3.XPEV 4.FNV 5.RGLD 6.FCNCA 7.QQQ 8.FRO 9.SBLK 10.SEA1EUR
2024-03-31	14	$164.0M	0	1KSPI 2CRH 3FNV Top holdings2024-03-31 1.KSPI 2.CRH 3.FNV 4.RGLD 5.SPY 6.FCNCA 7.IWM 8.FRO 9.CNQ 10.EOG
2023-12-31	12	$103.6M	0	1CRH 2FNV 3RGLD Top holdings2023-12-31 1.CRH 2.FNV 3.RGLD 4.FCNCA 5.CNQ 6.EOG 7.FRO 8.SEA1EUR 9.WPM 10.FERG
2023-09-30	15	$226.7M	0	1SPY 2FEZ 3FNV Top holdings2023-09-30 1.SPY 2.FEZ 3.FNV 4.CNQ 5.RGLD 6.EOG 7.FRO 8.CRH 9.FCNCA 10.SEA1EUR
2023-06-30	15	$192.8M	0	1SPY 2FEZ 3FNV Top holdings2023-06-30 1.SPY 2.FEZ 3.FNV 4.RGLD 5.CNQ 6.EOG 7.FRO 8.SEA1EUR 9.FCNCA 10.XPEV
2023-03-31	13	$187.2M	0	1SPY 2FEZ 3RGLD Top holdings2023-03-31 1.SPY 2.FEZ 3.RGLD 4.FNV 5.CNQ 6.FERG 7.EOG 8.FRO 9.XPEV 10.SEA1EUR
2022-12-31	10	$275.2M	0	1SPY 2FERG 3RGLD Top holdings2022-12-31 1.SPY 2.FERG 3.RGLD 4.FNV 5.CNQ 6.EOG 7.FRO 8.SEA1EUR 9.PSLV 10.AAPL
2022-09-30	11	$657.5M	0	1SPY 2FERG 3FANG Top holdings2022-09-30 1.SPY 2.FERG 3.FANG 4.RGLD 5.FNV 6.EOG 7.CNQ 8.B38564 9.SEA1EUR 10.AMZN
2022-06-30	10	$182.8M	0	1AAPL 2GOOG 3FERG Top holdings2022-06-30 1.AAPL 2.GOOG 3.FERG 4.META 5.RGLD 6.FANG 7.FNV 8.B38564 9.SEA1EUR 10.G7315C
2022-03-31	20	$864.2M	0	1SPY 2EFA 3EZU Top holdings2022-03-31 1.SPY 2.EFA 3.EZU 4.GOOG 5.FNV 6.GDX 7.RGLD 8.META 9.SLV 10.FERG
2021-12-31	19	$509.0M	0	1ARKK 2IWM 3GOOG Top holdings2021-12-31 1.ARKK 2.IWM 3.GOOG 4.META 5.SPY 6.IWO 7.FNV 8.QQQ 9.GDX 10.RGLD
2021-09-30	20	$588.3M	0	1QQQ 2ARKK 3GOOG Top holdings2021-09-30 1.QQQ 2.ARKK 3.GOOG 4.SPY 5.META 6.IWO 7.IWM 8.GDX 9.FNV 10.SLV
2021-06-30	16	$362.2M	44	1GOOG 2QQQ 3META Top holdings2021-06-30 1.GOOG 2.QQQ 3.META 4.GDX 5.FNV 6.SLV 7.NBIS 8.PSLV 9.MRNA 10.DASH
2021-03-31	14	$262.2M	35	1GOOG 2META 3GDX Top holdings2021-03-31 1.GOOG 2.META 3.GDX 4.FNV 5.SLV 6.NBIS 7.HHR1USD 8.MSFT 9.RGLD 10.B38564
2020-12-31	14	$247.4M	58	1GOOG 2META 3GDX Top holdings2020-12-31 1.GOOG 2.META 3.GDX 4.FNV 5.SLV 6.HHR1USD 7.NBIS 8.BKNG 9.XOP 10.MSFT
2020-09-30	15	$317.6M	61	1QQQ 2SPY 3GOOG Top holdings2020-09-30 1.QQQ 2.SPY 3.GOOG 4.SLV 5.FNV 6.META 7.NBIS 8.HHR1USD 9.GDX 10.MSFT
2020-06-30	12	$207.2M	74	1GOOG 2FNV 3SLV Top holdings2020-06-30 1.GOOG 2.FNV 3.SLV 4.NBIS 5.HHR1USD 6.BKNG 7.META 8.MSFT 9.B38564 10.GDXJ
2020-03-31	16	$301.9M	100	1SPY 2BKLN 3GOOG Top holdings2020-03-31 1.SPY 2.BKLN 3.GOOG 4.FNV 5.MSFT 6.NBIS 7.META 8.B38564 9.SLV 10.HHR1USD
2019-12-31	8	$177.0M	0	1FNV 2GOOG 3HHR1USD Top holdings2019-12-31 1.FNV 2.GOOG 3.HHR1USD 4.RGLD 5.SLV 6.46138G 7.NBIS 8.GDX

Holding changes this quarter

Armor Advisors, L.l.c.'s most significant position changes for 2026-03-31: New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Ishr Ibx Usd Hiyld Cb Etf-ui (HYG); New buy: Spdr Gold Shares (GLD); Sold out: Ishares Silver Trust (SLV); Sold out: ICON Public Limited Company (ICLR).

Position changes disclosed by Armor Advisors, L.l.c. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SKE	Skeena Resources LTD	-0.4%	+63.55%	Add
2	EXK	Endeavour Silver CORP	-0.6%	+0.90%	Add
3	SEA1EUR	Seabridge Gold INC	-0.9%	—	Unchanged
4	FCNCA	First Citizens Bcshs -cl A	-1.2%	+74.51%	Add
5	FERG	Ferguson Enterprises INC	-1.6%	+13.51%	Add
6	AGI	Alamos Gold Inc-class A	-4.6%	+7.05%	Add
7	KSPI	Jsc Kaspi.kz Adr	-5.7%	+7.63%	Add
8	CRH	CRH plc	-16.4%	+13.03%	Add
9	NMM	Navios Maritime Partners L.P.	-19.4%	-60.57%	Trim
10	SPY	Ss Spdr S&p 500 ETF Trust-us	—	NEW	New buy
11	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	—	NEW	New buy
12	GLD	Spdr Gold Shares	—	NEW	New buy
13	SLV	Ishares Silver Trust	—	EXIT	Sold out
14	ICLR	ICON Public Limited Company	—	EXIT	Sold out
15	SBLK	Star Bulk Carriers Corp.	—	EXIT	Sold out
16	ZBH	Zimmer Biomet Holdings INC	—	NEW	New buy
17	ZTS	Zoetis INC	—	NEW	New buy
18	PPLT	Abrdn Physical Platinum Shrs	—	EXIT	Sold out
19	BX	Blackstone INC	—	NEW	New buy
20	DVN	Devon Energy CORP	—	NEW	New buy
21	ODV	Osisko Development CORP	—	NEW	New buy
22	EOG	Eog Resources INC	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-10	13F-HR	View on EDGAR
2025-09-30	2025-11-10	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-09	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-13	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-10	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-20	Amendment	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-16	Amendment	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR

FAQ

What is Armor Advisors, L.l.c. and what type of investor is it?

Armor Advisors, L.l.c. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $297.8M, spread across 18 disclosed positions.

What are Armor Advisors, L.l.c.'s largest equity positions?

Based on the latest 13F filing, Armor Advisors, L.l.c.'s top holdings by market value are: 1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $97.6M (32.8%) 2. Ishr Ibx Usd Hiyld Cb Etf-ui (HYG) — $87.5M (29.4%) 3. CRH plc (CRH) — $27.1M (9.1%) 4. Spdr Gold Shares (GLD) — $20.7M (6.9%) 5. Navios Maritime Partners L.P. (NMM) — $13.6M (4.6%)

What changes did Armor Advisors, L.l.c. make in its most recent portfolio filing?

In the latest reported quarter, Armor Advisors, L.l.c. made 21 notable position adjustments: 9 new positions were initiated, 7 existing holdings were added to, 1 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Ishr Ibx Usd Hiyld Cb Etf-ui (HYG); New buy: Spdr Gold Shares (GLD); Sold out: Ishares Silver Trust (SLV); Sold out: ICON Public Limited Company (ICLR)

What sectors does Armor Advisors, L.l.c. focus on?

Armor Advisors, L.l.c. is concentrated in the following sectors based on its current disclosed equity portfolio: • Materials: 65.5% • Health Care: 13.3% • Financials: 11.8% • Industrials: 6.4% • Energy: 3.1%

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Wolf Group Capital Advisors

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Total reported value

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Waratah Capital Advisors Ltd.

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Jain Global LLC

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View detail

Armor Advisors, L.l.c. 13F Disclosure & Portfolio Data

CIK: 0001600698

High-turnover traderContrarianConcentrated strategy

Total reported value

$297.8M

Reporting period: 2026-03-31 · Number of holdings: 18

ARMOR ADVISORS, L.L.C. disclosed 18 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $297.8M and a quarterly turnover rate of 100.0%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "A"

Personality snowflake

Concentration: 85.14
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 0
Diversification: 36
Sizing Uniformity: 82.69

Recent moves

Trim NMM
-60.6%　-$13.2M
Trim CRH
+13.0%　-$1.4M
Trim KSPI
+7.6%　$208.5K
Trim AGI
+7.0%　$2.2M
Trim FERG
+13.5%　$623.9K
Trim FCNCA
+74.5%　$1.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	32.76%	+32.76%	NEW
2	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	29.39%	+29.39%	NEW
3	CRH	CRH plc	Stock-Materials	9.10%	-16.36%	+13.03%
4	GLD	Spdr Gold Shares	ETF-Commodities	6.94%	+6.94%	NEW
5	NMM	Navios Maritime Partners L.P.	Stock-Other	4.57%	-19.44%	-60.57%
6	AGI	Alamos Gold Inc-class A	Stock-Materials	3.97%	-4.60%	+7.05%
7	KSPI	Jsc Kaspi.kz Adr	Stock-Other	3.51%	-5.65%	+7.63%
8	FCNCA	First Citizens Bcshs -cl A	Stock-Financials	1.63%	-1.21%	+74.51%
9	SKE	Skeena Resources LTD	Stock-Other	1.48%	-0.44%	+63.55%
10	ZBH	Zimmer Biomet Holdings INC	Stock-Healthcare	1.43%	+1.43%	NEW
11	FERG	Ferguson Enterprises INC	Stock-Industrials	1.32%	-1.63%	+13.51%
12	ZTS	Zoetis INC	Stock-Healthcare	1.28%	+1.28%	NEW
13	BX	Blackstone INC	Stock-Financials	0.77%	+0.77%	NEW
14	DVN	Devon Energy CORP	Stock-Energy	0.49%	+0.49%	NEW
15	SEA1EUR	Seabridge Gold INC	Stock-Other	0.49%	-0.86%	—
16	ODV	Osisko Development CORP	Stock-Other	0.39%	+0.39%	NEW
17	EXK	Endeavour Silver CORP	Stock-Materials	0.35%	-0.58%	+0.90%
18	EOG	Eog Resources INC	Stock-Energy	0.15%	+0.15%	NEW

Portfolio Performance

Performance for Q3 2026

-4%

Performance Last 4 Quarters

+30.5%

Stdev: +16.7%
Beta: +0.7
Alpha: +7.4%
Max Drawdown: -12.7%
Annualized Perf: +20.7%
Batting Avg vs S&P: +47.2%
Sortino: +2.13
Stutzer: +0.34
Treynor: +0.29
Sterling: +1.16
Calmar: +1.64
Information Ratio: +0.13
Tracking Error: +14.5%
Stdev Down: +9.5%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +58.1%
Worst 12 Months: +0.1%
Efficiency Ratio: +0.52
Sharpe: +1.22
Stdev Sectors: +23%
Skewness: -0.6
Kurtosis: +0.53
Upside Potential: +3.62

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	18	$297.8M	100	1SPY 2HYG 3CRH Top holdings2026-03-31 1.SPY 2.HYG 3.CRH 4.GLD 5.NMM 6.AGI 7.KSPI 8.FCNCA 9.SKE 10.ZBH
2025-12-31	14	$111.8M	85	1CRH 2NMM 3KSPI Top holdings2025-12-31 1.CRH 2.NMM 3.KSPI 4.AGI 5.SLV 6.ICLR 7.SBLK 8.FERG 9.FCNCA 10.PPLT
2025-09-30	16	$179.5M	55	1GLD 2CRH 3NMM Top holdings2025-09-30 1.GLD 2.CRH 3.NMM 4.FNV 5.RGLD 6.KSPI 7.ICLR 8.SPY 9.SBLK 10.SLV
2025-06-30	18	$190.9M	0	1GLD 2SPY 3CRH Top holdings2025-06-30 1.GLD 2.SPY 3.CRH 4.NMM 5.FNV 6.RGLD 7.KSPI 8.FERG 9.HYG 10.SBLK
2025-03-31	19	$125.5M	100	1CRH 2NMM 3FNV Top holdings2025-03-31 1.CRH 2.NMM 3.FNV 4.FERG 5.RGLD 6.KSPI 7.ICLR 8.FCNCA 9.BIDU 10.SBLK
2024-12-31	13	$96.0M	0	1CRH 2NMM 3FNV Top holdings2024-12-31 1.CRH 2.NMM 3.FNV 4.FERG 5.SBLK 6.ICLR 7.FCNCA 8.RGLD 9.FRO 10.SLV
2024-09-30	13	$155.6M	0	1NMM 2CRH 3SPY Top holdings2024-09-30 1.NMM 2.CRH 3.SPY 4.XPEV 5.FNV 6.RGLD 7.SBLK 8.FCNCA 9.FRO 10.SEA1EUR
2024-06-30	12	$135.9M	0	1KSPI 2CRH 3XPEV Top holdings2024-06-30 1.KSPI 2.CRH 3.XPEV 4.FNV 5.RGLD 6.FCNCA 7.QQQ 8.FRO 9.SBLK 10.SEA1EUR
2024-03-31	14	$164.0M	0	1KSPI 2CRH 3FNV Top holdings2024-03-31 1.KSPI 2.CRH 3.FNV 4.RGLD 5.SPY 6.FCNCA 7.IWM 8.FRO 9.CNQ 10.EOG
2023-12-31	12	$103.6M	0	1CRH 2FNV 3RGLD Top holdings2023-12-31 1.CRH 2.FNV 3.RGLD 4.FCNCA 5.CNQ 6.EOG 7.FRO 8.SEA1EUR 9.WPM 10.FERG
2023-09-30	15	$226.7M	0	1SPY 2FEZ 3FNV Top holdings2023-09-30 1.SPY 2.FEZ 3.FNV 4.CNQ 5.RGLD 6.EOG 7.FRO 8.CRH 9.FCNCA 10.SEA1EUR
2023-06-30	15	$192.8M	0	1SPY 2FEZ 3FNV Top holdings2023-06-30 1.SPY 2.FEZ 3.FNV 4.RGLD 5.CNQ 6.EOG 7.FRO 8.SEA1EUR 9.FCNCA 10.XPEV
2023-03-31	13	$187.2M	0	1SPY 2FEZ 3RGLD Top holdings2023-03-31 1.SPY 2.FEZ 3.RGLD 4.FNV 5.CNQ 6.FERG 7.EOG 8.FRO 9.XPEV 10.SEA1EUR
2022-12-31	10	$275.2M	0	1SPY 2FERG 3RGLD Top holdings2022-12-31 1.SPY 2.FERG 3.RGLD 4.FNV 5.CNQ 6.EOG 7.FRO 8.SEA1EUR 9.PSLV 10.AAPL
2022-09-30	11	$657.5M	0	1SPY 2FERG 3FANG Top holdings2022-09-30 1.SPY 2.FERG 3.FANG 4.RGLD 5.FNV 6.EOG 7.CNQ 8.B38564 9.SEA1EUR 10.AMZN
2022-06-30	10	$182.8M	0	1AAPL 2GOOG 3FERG Top holdings2022-06-30 1.AAPL 2.GOOG 3.FERG 4.META 5.RGLD 6.FANG 7.FNV 8.B38564 9.SEA1EUR 10.G7315C
2022-03-31	20	$864.2M	0	1SPY 2EFA 3EZU Top holdings2022-03-31 1.SPY 2.EFA 3.EZU 4.GOOG 5.FNV 6.GDX 7.RGLD 8.META 9.SLV 10.FERG
2021-12-31	19	$509.0M	0	1ARKK 2IWM 3GOOG Top holdings2021-12-31 1.ARKK 2.IWM 3.GOOG 4.META 5.SPY 6.IWO 7.FNV 8.QQQ 9.GDX 10.RGLD
2021-09-30	20	$588.3M	0	1QQQ 2ARKK 3GOOG Top holdings2021-09-30 1.QQQ 2.ARKK 3.GOOG 4.SPY 5.META 6.IWO 7.IWM 8.GDX 9.FNV 10.SLV
2021-06-30	16	$362.2M	44	1GOOG 2QQQ 3META Top holdings2021-06-30 1.GOOG 2.QQQ 3.META 4.GDX 5.FNV 6.SLV 7.NBIS 8.PSLV 9.MRNA 10.DASH
2021-03-31	14	$262.2M	35	1GOOG 2META 3GDX Top holdings2021-03-31 1.GOOG 2.META 3.GDX 4.FNV 5.SLV 6.NBIS 7.HHR1USD 8.MSFT 9.RGLD 10.B38564
2020-12-31	14	$247.4M	58	1GOOG 2META 3GDX Top holdings2020-12-31 1.GOOG 2.META 3.GDX 4.FNV 5.SLV 6.HHR1USD 7.NBIS 8.BKNG 9.XOP 10.MSFT
2020-09-30	15	$317.6M	61	1QQQ 2SPY 3GOOG Top holdings2020-09-30 1.QQQ 2.SPY 3.GOOG 4.SLV 5.FNV 6.META 7.NBIS 8.HHR1USD 9.GDX 10.MSFT
2020-06-30	12	$207.2M	74	1GOOG 2FNV 3SLV Top holdings2020-06-30 1.GOOG 2.FNV 3.SLV 4.NBIS 5.HHR1USD 6.BKNG 7.META 8.MSFT 9.B38564 10.GDXJ
2020-03-31	16	$301.9M	100	1SPY 2BKLN 3GOOG Top holdings2020-03-31 1.SPY 2.BKLN 3.GOOG 4.FNV 5.MSFT 6.NBIS 7.META 8.B38564 9.SLV 10.HHR1USD
2019-12-31	8	$177.0M	0	1FNV 2GOOG 3HHR1USD Top holdings2019-12-31 1.FNV 2.GOOG 3.HHR1USD 4.RGLD 5.SLV 6.46138G 7.NBIS 8.GDX

Holding changes this quarter

Position changes disclosed by Armor Advisors, L.l.c. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SKE	Skeena Resources LTD	-0.4%	+63.55%	Add
2	EXK	Endeavour Silver CORP	-0.6%	+0.90%	Add
3	SEA1EUR	Seabridge Gold INC	-0.9%	—	Unchanged
4	FCNCA	First Citizens Bcshs -cl A	-1.2%	+74.51%	Add
5	FERG	Ferguson Enterprises INC	-1.6%	+13.51%	Add
6	AGI	Alamos Gold Inc-class A	-4.6%	+7.05%	Add
7	KSPI	Jsc Kaspi.kz Adr	-5.7%	+7.63%	Add
8	CRH	CRH plc	-16.4%	+13.03%	Add
9	NMM	Navios Maritime Partners L.P.	-19.4%	-60.57%	Trim
10	SPY	Ss Spdr S&p 500 ETF Trust-us	—	NEW	New buy
11	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	—	NEW	New buy
12	GLD	Spdr Gold Shares	—	NEW	New buy
13	SLV	Ishares Silver Trust	—	EXIT	Sold out
14	ICLR	ICON Public Limited Company	—	EXIT	Sold out
15	SBLK	Star Bulk Carriers Corp.	—	EXIT	Sold out
16	ZBH	Zimmer Biomet Holdings INC	—	NEW	New buy
17	ZTS	Zoetis INC	—	NEW	New buy
18	PPLT	Abrdn Physical Platinum Shrs	—	EXIT	Sold out
19	BX	Blackstone INC	—	NEW	New buy
20	DVN	Devon Energy CORP	—	NEW	New buy
21	ODV	Osisko Development CORP	—	NEW	New buy
22	EOG	Eog Resources INC	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-10	13F-HR	View on EDGAR
2025-09-30	2025-11-10	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-09	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-13	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-10	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-20	Amendment	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-16	Amendment	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR