SeaBridge Investment Advisors LLC

Q3 2025 13F-HR Holdings

Location
Summit, NJ
Holdings as of
9/30/2025
Date filed
10/22/2025
Form type
13F-HR
Num holdings
203
Total value ($000)
$616,229
Net value change ($000)
+78,362 (14.6%)
New positions
19
Sold out positions
12
Turnover %
13.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/17/2025 Next filing: 1/26/2026 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)
IEF 21,845 1101.6%
IGSB 7,857 NEW
EBND 7,761 NEW
VMBS 7,692 52.5%
RSP 5,776 74.4%
RING 5,567 NEW
PFF 5,513 40.8%
JMBS 5,269 36.5%
GOOGL 4,607 47.7%
AAPL 4,294 25.9%
Top Reduces (Value $000, Stocks/ETFs)
GOVT -23,214 -100.0%
VRP -6,343 -100.0%
CRM -5,729 -100.0%
BILS -4,944 -100.0%
TOTL -4,108 -100.0%
DMBS -3,909 -100.0%
QLTA -3,893 -100.0%
SPTS -2,469 -18.5%
PBR -1,295 -89.2%
SPOT -1,051 -8.5%
Instrument mix + QoQ Δ (ex-options)
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