Hedges Asset Management LLC

Diversified strategySector-focusedMomentum follower

Total reported value

$141.8M

Reporting period: 2025-12-31 · Number of holdings: 108

Hedges Asset Management LLC disclosed 108 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $141.8M and a quarterly turnover rate of 23.3%.

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

Personality snowflake

Concentration: 9.06
Portfolio Stability: 23.28
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 87.92

Recent moves

Trim GBCI
+1.7%　-$1.1M
Trim WBD
-86.9%　-$1.2M
Add HON
+177.5%　$1.1M
Trim PENN
+3.4%　-$705.9K
Trim GE
-5.4%　-$219.6K
Add LUV
-0.8%　$826.4K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	GBCI	Glacier Bancorp INC	Stock-Financials	9.17%	-1.65%	+1.72%
2	GE	General Electric	Stock-Industrials	4.71%	-0.58%	-5.45%
3	BA	Boeing Co/the	Stock-Industrials	3.92%	-0.16%	+3.85%
4	SHEL	Shell Plc-adr	Stock-Energy	2.91%	—	—
5	LUV	Southwest Airlines Co	Stock-Industrials	2.63%	+0.41%	-0.77%
6	GLPI	Gaming And Leisure Propertie	Stock-Real Estate	2.47%	—	—
7	GDX	Vaneck Gold Miners ETF	ETF-Commodities	2.41%	+0.07%	—
8	BCS	Barclays Plc-spons Adr	Stock-Financials	2.16%	+2.16%	NEW
9	PENN	Penn Entertainment INC	Stock-Consumer Disc	1.89%	-0.71%	+3.41%
10	BP	Bp Plc-spons Adr	Stock-Energy	1.84%	—	+0.28%
11	SH	Proshares Short S&p500	ETF-Other	1.75%	+1.75%	NEW
12	PAAS	Pan American Silver CORP	Stock-Materials	1.63%	+0.21%	-7.05%
13	B	Barrick Mining CORP	Stock-Materials	1.62%	+0.09%	-13.44%
14	WYNN	Wynn Resorts LTD	Stock-Consumer Disc	1.61%	-0.30%	-2.06%
15	NGDN	New Gold INC	Stock-Other	1.58%	+0.11%	-3.74%
16	VZ	Verizon Communications INC	Stock-Comm Services	1.58%	—	+0.55%
17	PHYS	Sprott Physical Gold Trust	Stock-Other	1.51%	+0.04%	—
18	ARCO	Arcos Dorados Holdings Inc.	Stock-Other	1.49%	—	-3.74%
19	IMAX	Imax CORP	Stock-Other	1.47%	+1.47%	NEW
20	PSQ	Proshares Short Qqq	ETF-Other	1.45%	-0.26%	-5.01%
21	LIND	Lindblad Expeditions Holding	Stock-Other	1.42%	+0.03%	-0.99%
22	INTC	Intel CORP	Stock-Tech	1.36%	+0.01%	-0.38%
23	DOW	Dow INC	Stock-Materials	1.36%	—	+1.61%
24	NEM	Newmont CORP	Stock-Materials	1.33%	+0.11%	-0.53%
25	PPLT	Abrdn Physical Platinum Shrs	ETF-Commodities	1.24%	+0.19%	-1.56%
26	VGK	Vanguard Ftse Europe ETF	ETF-Other	1.24%	—	—
27	HON	Honeywell International INC	Stock-Industrials	1.23%	+0.71%	+177.52%
28	ELAN	Elanco Animal Health INC	Stock-Healthcare	1.21%	+0.03%	-0.65%
29	LYFT	Lyft Inc-a	Stock-Tech	1.20%	-0.41%	-8.27%
30	CVX	Chevron CORP	Stock-Energy	1.19%	—	—
31	FDX	Fedex CORP	Stock-Industrials	1.17%	+0.13%	—
32	UL	Unilever Plc-sponsored Adr	Stock-Consumer Staples	1.07%	+1.07%	NEW
33	WFC	Wells Fargo & Co	Stock-Financials	1.05%	—	-8.57%
34	BKD	Brookdale Senior Living INC	Stock-Other	1.04%	+0.12%	-3.52%
35	MRK	Merck & Co. INC.	Stock-Healthcare	1.03%	+0.14%	—
36	FMC	Fmc CORP	Stock-Materials	0.98%	—	+142.37%
37	IBM	Intl Business Machines CORP	Stock-Tech	0.96%	—	-4.17%
38	L	Loews CORP	Stock-Financials	0.94%	—	—
39	SLB	Slb LTD	Stock-Energy	0.94%	—	-0.86%
40	WY	Weyerhaeuser Co	Stock-Real Estate	0.93%	+0.23%	+50.00%
41	F	Ford Motor Co	Stock-Consumer Disc	0.87%	—	—
42	TSN	Tyson Foods Inc-cl A	Stock-Consumer Staples	0.86%	—	—
43	CRSP	CRISPR Therapeutics AG	Stock-Healthcare	0.84%	-0.28%	+1.22%
44	CNH	CNH Industrial N.V.	Stock-Industrials	0.79%	—	+10.50%
45	KHC	Kraft Heinz Co/the	Stock-Consumer Staples	0.78%	-0.28%	-13.27%
46	WMB	Williams Cos INC	Stock-Energy	0.78%	—	—
47	IFF	Intl Flavors & Fragrances	Stock-Materials	0.76%	—	-10.67%
48	SHAK	Shake Shack INC - Class A	Stock-Consumer Disc	0.75%	—	+0.19%
49	VTRS	Viatris INC	Stock-Healthcare	0.74%	+0.11%	+1.20%
50	TGT	Target CORP	Stock-Consumer Disc	0.73%	+0.73%	NEW

1–50 of 108

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-12-31	108	$141.8M	23	1GBCI 2GE 3BA Top holdings2025-12-31 1.GBCI 2.GE 3.BA 4.SHEL 5.LUV 6.GLPI 7.GDX 8.BCS 9.PENN 10.BP
2025-09-30	102	$130.6M	43	1GBCI 2GE 3BA Top holdings2025-09-30 1.GBCI 2.GE 3.BA 4.SHEL 5.GLPI 6.PENN 7.GDX 8.LUV 9.BP 10.WYNN
2025-06-30	101	$124.5M	0	1GBCI 2GE 3BA Top holdings2025-06-30 1.GBCI 2.GE 3.BA 4.SHEL 5.GLPI 6.PENN 7.LUV 8.VZ 9.BP 10.PSQ
2025-03-31	108	$152.2M	0	1GBCI 2GE 3BA Top holdings2025-03-31 1.GBCI 2.GE 3.BA 4.SHEL 5.LUV 6.GLPI 7.PENN 8.PSQ 9.BP 10.VZ
2024-12-31	110	$151.5M	0	1GBCI 2GE 3BA Top holdings2024-12-31 1.GBCI 2.GE 3.BA 4.LUV 5.SHEL 6.GLPI 7.PENN 8.PSQ 9.BP 10.SHAK
2024-09-30	117	$151.1M	0	1GBCI 2GE 3SHEL Top holdings2024-09-30 1.GBCI 2.GE 3.SHEL 4.GLPI 5.LUV 6.BA 7.PENN 8.PSQ 9.ARCO 10.BP
2024-06-30	111	$139.3M	0	1GBCI 2GE 3SHEL Top holdings2024-06-30 1.GBCI 2.GE 3.SHEL 4.GLPI 5.PENN 6.BA 7.BP 8.LUV 9.UBER 10.PSQ
2024-03-31	113	$142.7M	0	1GBCI 2GE 3SHEL Top holdings2024-03-31 1.GBCI 2.GE 3.SHEL 4.GLPI 5.PENN 6.UBER 7.BP 8.ARCO 9.BA 10.LUV
2023-12-31	106	$128.0M	0	1GBCI 2GE 3PENN Top holdings2023-12-31 1.GBCI 2.GE 3.PENN 4.GLPI 5.SHEL 6.ARCO 7.BP 8.PSQUSD 9.UBER 10.INTC
2023-09-30	107	$114.5M	0	1GBCI 2GE 3SHEL Top holdings2023-09-30 1.GBCI 2.GE 3.SHEL 4.PENN 5.GLPI 6.BP 7.ARCO 8.PSQUSD 9.SLB 10.CVX
2023-06-30	106	$118.0M	0	1GBCI 2GE 3GLPI Top holdings2023-06-30 1.GBCI 2.GE 3.GLPI 4.PENN 5.SHEL 6.BP 7.ARCO 8.WYNN 9.VZ 10.PSQUSD
2023-03-31	103	$117.9M	0	1GBCI 2PENN 3GLPI Top holdings2023-03-31 1.GBCI 2.PENN 3.GLPI 4.GE 5.SHEL 6.BP 7.PSQUSD 8.WYNN 9.VZ 10.ARCO
2022-12-31	107	$112.0M	0	1GBCI 2GLPI 3PENN Top holdings2022-12-31 1.GBCI 2.GLPI 3.PENN 4.GE 5.SHEL 6.BP 7.PSQUSD 8.ARCO 9.SLB 10.CVX
2022-09-30	103	$100.2M	0	1GBCI 2GLPI 3PENN Top holdings2022-09-30 1.GBCI 2.GLPI 3.PENN 4.SHEL 5.GE 6.PSQUSD 7.BP 8.ARCO 9.SQM 10.CVX
2022-06-30	102	$105.9M	0	1GBCI 2PENN 3GLPI Top holdings2022-06-30 1.GBCI 2.PENN 3.GLPI 4.SHEL 5.GE 6.BP 7.PSQUSD 8.VZ 9.ARCO 10.FDX
2022-03-31	111	$129.1M	0	1GBCI 2PENN 3GLPI Top holdings2022-03-31 1.GBCI 2.PENN 3.GLPI 4.GE 5.SHEL 6.SQM 7.ARCO 8.BP 9.CVX 10.UPS
2021-12-31	120	$128.6M	0	1GBCI 2PENN 3GLPI Top holdings2021-12-31 1.GBCI 2.PENN 3.GLPI 4.GE 5.UPS 6.FDX 7.VZ 8.BP 9.VGK 10.INTC

Holding changes this quarter

Hedges Asset Management LLC's most significant position changes for 2025-12-31: New buy: Barclays Plc-spons Adr (BCS); New buy: Proshares Short S&p500 (SH); New buy: Imax CORP (IMAX); Sold out: Unilever PLC (UL); New buy: Unilever Plc-sponsored Adr (UL).

Position changes disclosed by Hedges Asset Management LLC for the quarter ending 2025-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	HON	Honeywell International INC	+0.7%	+177.52%	Add
2	LUV	Southwest Airlines Co	+0.4%	-0.77%	Trim
3	WY	Weyerhaeuser Co	+0.2%	+50.00%	Add
4	PAAS	Pan American Silver CORP	+0.2%	-7.05%	Trim
5	PPLT	Abrdn Physical Platinum Shrs	+0.2%	-1.56%	Trim
6	SQM	Quimica Y Minera Chil-sp Adr	+0.2%	—	Unchanged
7	FIGS	Figs Inc-class A	+0.2%	-1.55%	Trim
8	SLV	Ishares Silver Trust	+0.2%	—	Unchanged
9	MRK	Merck & Co. INC.	+0.1%	—	Unchanged
10	MSOS	Advisorshares Pure US Cann	+0.1%	+64.10%	Add
11	FDX	Fedex CORP	+0.1%	—	Unchanged
12	BKD	Brookdale Senior Living INC	+0.1%	-3.52%	Trim
13	NGDN	New Gold INC	+0.1%	-3.74%	Trim
14	NEM	Newmont CORP	+0.1%	-0.53%	Trim
15	VTRS	Viatris INC	+0.1%	+1.20%	Add
16	B	Barrick Mining CORP	+0.1%	-13.44%	Trim
17	GDX	Vaneck Gold Miners ETF	+0.1%	—	Unchanged
18	PHYS	Sprott Physical Gold Trust	0%	—	Unchanged
19	LIND	Lindblad Expeditions Holding	0%	-0.99%	Trim
20	ELAN	Elanco Animal Health INC	0%	-0.65%	Trim
21	INTC	Intel CORP	0%	-0.38%	Trim
22	BA	Boeing Co/the	-0.2%	+3.85%	Add
23	PSLV	Sprott Physical Silver Trust	-0.2%	-61.90%	Trim
24	PSQ	Proshares Short Qqq	-0.3%	-5.01%	Trim
25	KHC	Kraft Heinz Co/the	-0.3%	-13.27%	Trim
26	CRSP	CRISPR Therapeutics AG	-0.3%	+1.22%	Add
27	WYNN	Wynn Resorts LTD	-0.3%	-2.06%	Trim
28	NVST	Envista Holdings CORP	-0.3%	-49.02%	Trim
29	UBER	Uber Technologies INC	-0.4%	-19.75%	Trim
30	NTNX	Nutanix INC - A	-0.4%	—	Unchanged
31	LYFT	Lyft Inc-a	-0.4%	-8.27%	Trim
32	GE	General Electric	-0.6%	-5.45%	Trim
33	PENN	Penn Entertainment INC	-0.7%	+3.41%	Add
34	WBD	Warner Bros Discovery INC	-0.9%	-86.89%	Trim
35	GBCI	Glacier Bancorp INC	-1.7%	+1.72%	Add
36	BCS	Barclays Plc-spons Adr	—	NEW	New buy
37	SH	Proshares Short S&p500	—	NEW	New buy
38	IMAX	Imax CORP	—	NEW	New buy
39	UL	Unilever PLC	—	EXIT	Sold out
40	UL	Unilever Plc-sponsored Adr	—	NEW	New buy
41	TGT	Target CORP	—	NEW	New buy
42	6D8	Dupont De Nemours INC	—	EXIT	Sold out
43	Q	Qnity Electronics INC	—	NEW	New buy
44	EW	Edwards Lifesciences CORP	—	NEW	New buy
45	CRWV	Coreweave Inc-cl A	—	EXIT	Sold out
46	GEV	GE Vernova INC	—	EXIT	Sold out
47	AA	Alcoa CORP	—	NEW	New buy
48	MBLY	Mobileye Global Inc-a	—	NEW	New buy
49	ALB	Albemarle CORP	—	NEW	New buy
50	BABA	Alibaba Group Holding-sp Adr	—	EXIT	Sold out

FAQ

What is Hedges Asset Management LLC and what type of investor is it?

Hedges Asset Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $141.8M, spread across 108 disclosed positions.

What are Hedges Asset Management LLC's largest equity positions?

Based on the latest 13F filing, Hedges Asset Management LLC's top holdings by market value are: 1. Glacier Bancorp INC (GBCI) — $13.0M (9.2%) 2. General Electric (GE) — $6.7M (4.7%) 3. Boeing Co/the (BA) — $5.6M (3.9%) 4. Shell Plc-adr (SHEL) — $4.1M (2.9%) 5. Southwest Airlines Co (LUV) — $3.7M (2.6%)

What changes did Hedges Asset Management LLC make in its most recent portfolio filing?

In the latest reported quarter, Hedges Asset Management LLC made 43 notable position adjustments: 10 new positions were initiated, 8 existing holdings were added to, 20 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Barclays Plc-spons Adr (BCS); New buy: Proshares Short S&p500 (SH); New buy: Imax CORP (IMAX); Sold out: Unilever PLC (UL); New buy: Unilever Plc-sponsored Adr (UL)

What sectors does Hedges Asset Management LLC focus on?

Hedges Asset Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 55.7% • Information Technology: 8.7% • Financials: 8.6% • Communication Services: 7.9% • Health Care: 6.2% • Energy: 5.3%