Hedges Asset Management LLC — 13F Holdings & Portfolio
CIK 1906202 · latest 13F-HR filed 2026-01-27
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$141.8M
Long-equity book
Holdings
108
Distinct positions
Period
2025-12-31
Filed 2026-01-27
Q/Q Activity
+11 / −5 / ↑44 / ↓21
vs 2025-09-30
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- HONEYWELL INTL INC$1.1M +157.2%
- SOUTHWEST AIRLS CO$826.4K +28.5%
- PAN AMERN SILVER CORP$452.1K +24.3%
- WEYERHAEUSER CO MTN BE$397.6K +43.3%
- ABRDN PLATINUM ETF TRUST$390.1K +28.4%
Top Trims
- WARNER BROS DISCOVERY INC-$1.2M -80.7%
- GLACIER BANCORP INC NEW-$1.1M -7.9%
- PENN ENTERTAINMENT INC-$705.9K -20.8%
- NUTANIX INC-$433.6K -30.5%
- LYFT INC-$405.1K -19.3%
New Positions
- BARCLAYS PLC$3.1M
- PROSHARES TR$2.5M
- IMAX CORP$2.1M
- UNILEVER PLC$1.5M
- TARGET CORP$1.0M
Exited Positions
- UNILEVER PLC$1.5M
- DUPONT DE NEMOURS INC$810.2K
- COREWEAVE INC$314.8K
- GE VERNOVA INC$307.4K
- ALIBABA GROUP HLDG LTD$210.0K
All Holdings
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | GLACIER BANCORP INC NEW | GBCI | 37637Q105 | $13.0M | 9.17% | 295,223 | SH |
| 2 | GE AEROSPACE | GE | 369604301 | $6.7M | 4.71% | 21,700 | SH |
| 3 | BOEING CO | BA | 097023105 | $5.6M | 3.92% | 25,600 | SH |
| 4 | SHELL PLC | SHEL | 780259305 | $4.1M | 2.91% | 56,100 | SH |
| 5 | SOUTHWEST AIRLS CO | LUV | 844741108 | $3.7M | 2.63% | 90,100 | SH |
| 6 | GAMING & LEISURE PPTYS INC | GLPI | 36467J108 | $3.5M | 2.47% | 78,260 | SH |
| 7 | VANECK ETF TRUST | GDX | 92189F106 | $3.4M | 2.41% | 39,900 | SH |
| 8 | BARCLAYS PLC | BCS | 06738E204 | $3.1M | 2.16% | 120,500 | SH |
| 9 | PENN ENTERTAINMENT INC | PENN | 707569109 | $2.7M | 1.89% | 182,150 | SH |
| 10 | BP PLC | BP | 055622104 | $2.6M | 1.84% | 75,067 | SH |
| 11 | PROSHARES TR | SH | 74349Y753 | $2.5M | 1.75% | 69,000 | SH |
| 12 | PAN AMERN SILVER CORP | PAAS | 697900108 | $2.3M | 1.63% | 44,572 | SH |
| 13 | BARRICK MNG CORP | B | 06849F108 | $2.3M | 1.62% | 52,800 | SH |
| 14 | WYNN RESORTS LTD | WYNN | 983134107 | $2.3M | 1.61% | 19,015 | SH |
| 15 | NEW GOLD INC CDA | GOLD | 644535106 | $2.2M | 1.58% | 257,500 | SH |
| 16 | VERIZON COMMUNICATIONS INC | VZ | 92343V104 | $2.2M | 1.58% | 54,850 | SH |
| 17 | SPROTT ASSET MANAGEMENT LP | PHYS | 85207H104 | $2.1M | 1.51% | 65,000 | SH |
| 18 | ARCOS DORADOS HOLDINGS INC | ARCO | G0457F107 | $2.1M | 1.49% | 287,900 | SH |
| 19 | IMAX CORP | IMAX | 45245E109 | $2.1M | 1.47% | 56,500 | SH |
| 20 | PROSHARES TR | PSQ | 74349Y837 | $2.1M | 1.45% | 68,300 | SH |
| 21 | LINDBLAD EXPEDITIONS HLDGS I | LIND | 535219109 | $2.0M | 1.42% | 139,900 | SH |
| 22 | INTEL CORP | INTC | 458140100 | $1.9M | 1.36% | 52,400 | SH |
| 23 | DOW INC | DOW | 260557103 | $1.9M | 1.36% | 82,200 | SH |
| 24 | NEWMONT CORP | NEM | 651639106 | $1.9M | 1.33% | 18,850 | SH |
| 25 | ABRDN PLATINUM ETF TRUST | PPLT | 003260106 | $1.8M | 1.24% | 9,450 | SH |
| 26 | VANGUARD INTL EQUITY INDEX F | VGK | 922042874 | $1.8M | 1.24% | 21,000 | SH |
| 27 | HONEYWELL INTL INC | HON | 438516106 | $1.7M | 1.23% | 8,950 | SH |
| 28 | ELANCO ANIMAL HEALTH INC | ELAN | 28414H103 | $1.7M | 1.21% | 76,000 | SH |
| 29 | LYFT INC | LYFT | 55087P104 | $1.7M | 1.20% | 87,600 | SH |
| 30 | CHEVRON CORP NEW | CVX | 166764100 | $1.7M | 1.19% | 11,100 | SH |
| 31 | FEDEX CORP | FDX | 31428X106 | $1.7M | 1.17% | 5,750 | SH |
| 32 | UNILEVER PLC | UL | 904767803 | $1.5M | 1.07% | 23,103 | SH |
| 33 | WELLS FARGO CO NEW | WFC | 949746101 | $1.5M | 1.05% | 16,000 | SH |
| 34 | BROOKDALE SR LIVING INC | BKD | 112463104 | $1.5M | 1.04% | 137,000 | SH |
| 35 | MERCK & CO INC | MRK | 58933Y105 | $1.5M | 1.03% | 13,900 | SH |
| 36 | FMC CORP | FMC | 302491303 | $1.4M | 0.98% | 100,100 | SH |
| 37 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $1.4M | 0.96% | 4,600 | SH |
| 38 | LOEWS CORP | L | 540424108 | $1.3M | 0.94% | 12,700 | SH |
| 39 | SLB LIMITED | SLB | 806857108 | $1.3M | 0.94% | 34,700 | SH |
| 40 | WEYERHAEUSER CO MTN BE | WY | 962166104 | $1.3M | 0.93% | 55,500 | SH |
| 41 | FORD MTR CO | F | 345370860 | $1.2M | 0.87% | 93,700 | SH |
| 42 | TYSON FOODS INC | TSN | 902494103 | $1.2M | 0.86% | 20,750 | SH |
| 43 | CRISPR THERAPEUTICS AG | CRSP | H17182108 | $1.2M | 0.84% | 22,775 | SH |
| 44 | CNH INDL N V | CNH | N20944109 | $1.1M | 0.79% | 121,000 | SH |
| 45 | KRAFT HEINZ CO | KHC | 500754106 | $1.1M | 0.78% | 45,900 | SH |
| 46 | WILLIAMS COS INC | WMB | 969457100 | $1.1M | 0.78% | 18,400 | SH |
| 47 | INTERNATIONAL FLAVORS&FRAGRA | IFF | 459506101 | $1.1M | 0.76% | 15,900 | SH |
| 48 | SHAKE SHACK INC | SHAK | 819047101 | $1.1M | 0.75% | 13,050 | SH |
| 49 | VIATRIS INC | VTRS | 92556V106 | $1.1M | 0.74% | 84,500 | SH |
| 50 | TARGET CORP | TGT | 87612E106 | $1.0M | 0.73% | 10,550 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-12-31 | 2026-01-27 | $141.8M | 108 | 0002085853-26-000100 |
| 2025-09-30 | 2025-10-08 | $130.6M | 102 | 0002085853-25-000036 |