HOLLENCREST CAPITAL MANAGEMENT

Q4 2025 13F-HR Holdings

Location
Newport Beach, CA
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
1,171
Total value ($000)
$2,903,446
Net value change ($000)
+122,139 (4.4%)
New positions
143
Sold out positions
107
Turnover %
2.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/3/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
RSDE 52,111 NEW
GOOGL 22,900 28.9%
AAPL 17,545 6.6%
VOO 12,225 3.2%
PSLV 11,031 50.3%
PPLT 10,101 30.5%
GLD 7,415 13.8%
UPS 5,746 18.6%
AMAT 3,693 27.2%
CRM 3,555 11.7%
Top Reduces (Value $000, Stocks/ETFs)
MINT -33,242 -99.0%
ICSH -16,498 -69.9%
HD -6,234 -15.1%
COST -4,338 -6.9%
MSFT -4,064 -5.3%
PDX -2,845 -23.9%
UNH -2,158 -4.6%
AZO -1,938 -21.0%
RCL -1,770 -100.0%
UAL -1,740 -99.9%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 16,074 (0.6% 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