Connective Portfolio Management, LLC — Q1 2026 13F Holdings

Name: Connective Portfolio Management, LLC — 13F Holdings, Q1 2026
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001905083

Total reported value

$60.1M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IAU	Ishares Gold Trust	ETF-Commodities	11.23%	-5.32%	-24.18%
2	PHYS	Sprott Physical Gold Trust	Stock-Other	8.90%	-4.63%	—
3	PBR	Petroleo Brasileiro-spon Adr	Stock-Energy	7.88%	-2.90%	—
4	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	7.69%	-7.69%	EXIT
5	SHEL	Shell Plc-adr	Stock-Energy	7.60%	-5.90%	—
6	GLD	Spdr Gold Shares	ETF-Commodities	6.89%	-3.26%	-37.51%
7	NVDA	Nvidia CORP	Stock-Tech	5.42%	-1.60%	-30.35%
8	MSFT	Microsoft CORP	Stock-Tech	5.04%	-1.92%	—
9	CVX	Chevron CORP	Stock-Energy	4.31%	-2.18%	+4.05%
10	BHP	Bhp Group Ltd-spon Adr	Stock-Materials	3.94%	-3.94%	EXIT
11	AVGO	Broadcom INC	Stock-Tech	3.60%	-0.90%	—
12	JPM	Jpmorgan Chase & Co	Stock-Financials	3.17%	+2.82%	-46.79%
13	NXE	Nexgen Energy LTD	Stock-Other	2.91%	-2.91%	EXIT
14	RKLB	Rocket Lab CORP	Stock-Industrials	2.78%	+3.31%	—
15	XLV	Ss Health Care Select Sector	ETF-Other	2.78%	-0.93%	-46.15%
16	CCJ	Cameco CORP	Stock-Energy	2.73%	-2.73%	EXIT
17	MDA	Mda Space LTD	Stock-Other	2.13%	-2.13%	EXIT
18	PL	Planet Labs Pbc	Stock-Industrials	1.82%	-0.99%	-70.00%
19	PWR	Quanta Services INC	Stock-Industrials	1.78%	-0.35%	-8.51%
20	PAM	Pampa Energia Sa-spon Adr	Stock-Other	1.68%	-0.72%	—
21	MA	Mastercard INC - A	Stock-Financials	1.67%	-0.61%	—
22	ALM	Almonty Industries INC	Stock-Other	1.18%	-1.18%	EXIT
23	CMG	Chipotle Mexican Grill INC	Stock-Consumer Disc	1.12%	-0.39%	—
24	HL	Hecla Mining Co	Stock-Materials	0.96%	-0.96%	EXIT
25	ABVX	Abivax Sa-adr	Stock-Other	0.81%	-0.81%	EXIT

Holding changes this quarter

Position changes disclosed by Connective Portfolio Management, LLC for the quarter ending Q1 2026, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	PHYS	Sprott Physical Gold Trust	+3.8%	—	Unchanged
2	SHEL	Shell Plc-adr	+3.6%	—	Unchanged
3	EEM	Ishares Msci Emerging Market	+3.1%	+8.40%	Add
4	CVX	Chevron CORP	+2.3%	+4.05%	Add
5	IAU	Ishares Gold Trust	+2.2%	-24.18%	Trim
6	AVGO	Broadcom INC	+0.9%	—	Unchanged
7	PWR	Quanta Services INC	+0.8%	-8.51%	Trim
8	RKLB	Rocket Lab CORP	+0.8%	—	Unchanged
9	MSFT	Microsoft CORP	+0.7%	—	Unchanged
10	MA	Mastercard INC - A	+0.4%	—	Unchanged
11	CMG	Chipotle Mexican Grill INC	+0.3%	—	Unchanged
12	GLD	Spdr Gold Shares	+0.1%	-37.51%	Trim
13	NVDA	Nvidia CORP	-0.1%	-30.35%	Trim
14	XLV	Ss Health Care Select Sector	-0.9%	-46.15%	Trim
15	PL	Planet Labs Pbc	-1%	-70.00%	Trim
16	JPM	Jpmorgan Chase & Co	-1.2%	-46.79%	Trim
17	GOOGL	Alphabet Inc-cl A	—	EXIT	Sold out
18	PBR	Petroleo Brasileiro-spon Adr	—	NEW	New buy
19	INTC	Intel CORP	—	EXIT	Sold out
20	AAPL	Apple INC	—	EXIT	Sold out
21	C	Citigroup INC	—	EXIT	Sold out
22	BHP	Bhp Group Ltd-spon Adr	—	NEW	New buy
23	GM	General Motors Co	—	EXIT	Sold out
24	BLK	Blackrock INC	—	EXIT	Sold out
25	ECHO	Echostar Corp-a	—	EXIT	Sold out
26	NXE	Nexgen Energy LTD	—	NEW	New buy
27	NOK	Nokia Corp-spon Adr	—	EXIT	Sold out
28	CCJ	Cameco CORP	—	NEW	New buy
29	EWZ	Ishares Msci Brazil ETF	—	EXIT	Sold out
30	PLTR	Palantir Technologies Inc-a	—	EXIT	Sold out
31	WDC	Western Digital CORP	—	EXIT	Sold out
32	MDA	Mda Space LTD	—	NEW	New buy
33	NTRA	Natera INC	—	EXIT	Sold out
34	STX	Seagate Technology Holdings plc	—	EXIT	Sold out
35	UNH	Unitedhealth Group INC	—	EXIT	Sold out
36	IEMG	Ishares Core Msci Emerging	—	EXIT	Sold out
37	GH	Guardant Health INC	—	EXIT	Sold out
38	PAM	Pampa Energia Sa-spon Adr	—	NEW	New buy
39	SNOW	Snowflake INC	—	EXIT	Sold out
40	CAT	Caterpillar INC	—	EXIT	Sold out
41	PG	Procter & Gamble Co/the	—	EXIT	Sold out
42	RKT	Rocket Cos Inc-class A	—	EXIT	Sold out
43	ALM	Almonty Industries INC	—	NEW	New buy
44	HL	Hecla Mining Co	—	NEW	New buy
45	ABVX	Abivax Sa-adr	—	NEW	New buy
46	LEGN	Legend Biotech Corp-adr	—	EXIT	Sold out
47	CRCL	Circle Internet Group INC	—	EXIT	Sold out