Hedges Asset Management LLC

Q4 2025 13F-HR Holdings

Location
Reno, NV
Holdings as of
12/31/2025
Date filed
1/27/2026
Form type
13F-HR
Num holdings
108
Total value ($000)
$141,796
Net value change ($000)
+11,243 (8.6%)
New positions
11
Sold out positions
5
Turnover %
10.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/8/2025 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)
BCS 3,067 NEW
SH 2,486 NEW
IMAX 2,088 NEW
UL 1,511 NEW
HON 1,067 157.1%
TGT 1,031 NEW
LUV 827 28.5%
PAAS 452 24.3%
Q 412 NEW
WY 398 43.4%
Top Reduces (Value $000, Stocks/ETFs)
Unilever PLC -1,541 -100.0%
WBD -1,202 -80.7%
GBCI -1,120 -7.9%
DD -810 -100.0%
PENN -706 -20.8%
NTNX -434 -30.5%
LYFT -405 -19.3%
UBER -393 -33.0%
NVST -379 -45.6%
CRWV -315 -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