Hedges Asset Management LLC

Q3 2025 13F-HR Holdings

Location
Reno, NV
Holdings as of
9/30/2025
Date filed
10/8/2025
Form type
13F-HR
Num holdings
102
Total value ($000)
$130,553
Net value change ($000)
+6,078 (4.9%)
New positions
9
Sold out positions
8
Turnover %
9.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/7/2025 Next filing: 1/27/2026 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)
PAAS 1,857 NEW
GBCI 1,622 13.0%
GDX 971 46.8%
DOG 840 NEW
B 750 60.0%
GE 694 11.2%
HON 679 NEW
INTC 620 54.1%
WBD 613 69.9%
LYFT 576 37.7%
Top Reduces (Value $000, Stocks/ETFs)
BCS -2,246 -100.0%
MAG SILVER CORP -1,754 -100.0%
IMAX -1,619 -100.0%
TGT -1,282 -100.0%
GEV -645 -67.8%
SHAK -612 -33.4%
GEHC -440 -61.3%
STAA -336 -100.0%
BROS -309 -40.7%
EW -305 -100.0%
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