ARMOR ADVISORS, L.L.C.

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
16
Total value ($000)
$179,471
Net value change ($000)
-11,416 (-6.0%)
New positions
0
Sold out positions
1
Turnover %
3.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/10/2026 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)
CRH 4,389 20.7%
SLV 2,835 118.7%
ICLR 1,818 36.4%
NAVIOS MARITIME PARTNERS L P 1,701 23.0%
FRO 1,670 53.5%
HAFN 825 20.0%
SA 511 66.2%
RGLD 483 4.3%
SBLK 440 7.8%
FNV 404 2.9%
Top Reduces (Value $000, Stocks/ETFs)
FERG -4,849 -58.4%
BIDU -3,602 -100.0%
FCNCA -2,147 -43.8%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 73,949 (41.2% 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