STANSBERRY ASSET MANAGEMENT, LLC

Q3 2025 13F-HR Holdings

Location
Westlake, TX
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
148
Total value ($000)
$955,923
Net value change ($000)
+40,863 (4.5%)
New positions
16
Sold out positions
7
Turnover %
4.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 15,294 63.9%
ALLE 8,375 108.5%
AVGO 8,358 2758.4%
CRH 7,880 65.4%
TXNM 7,418 NEW
MKL 6,786 40.4%
DHR 6,453 132.9%
GD 5,802 431.7%
PH 5,639 430.5%
RGLD 5,629 89.2%
Top Reduces (Value $000, Stocks/ETFs)
B -11,143 -84.3%
AKX -7,273 -100.0%
VRSK -6,849 -51.2%
OR -6,751 -81.3%
NVO -6,542 -100.0%
BRK-B -5,992 -68.7%
KVUE -5,744 -62.3%
ABEV -5,313 -84.2%
SNOW -5,166 -85.1%
JKHY -5,151 -54.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 50 (0.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type