Extract Advisors LLC
Portfolio value QoQ: +24.7% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 24.38% Est. buys $203,188,703 · sells $78,622,895
Put-notional exposure: 51.2% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
Performance vs S&P 500
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Sector breakdown
Full portfolio 31 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY | $151,220,925 | 42.25% | 202,500 | Put option | $125,207,325 | Up ×1 | |
| RGLD | $28,410,891 | 7.94% | 142,332 | $-2,212,400 | Up ×1 | ||
| BTG | $22,451,220 | 6.27% | 6,003,000 | Put option | Up ×1 | ||
| ELE | $16,315,637 | 4.56% | 934,458 | $-4,355,762 | Down ×2 | ||
| IAG | $13,624,966 | 3.81% | 860,162 | $-2,495,532 | Up ×1 | ||
| AEM | $11,607,913 | 3.24% | 74,827 | $5,963,039 | Up ×1 | ||
| SSRM | $11,022,865 | 3.08% | 389,776 | $-1,987,811 | Down ×1 | ||
| VZLA | $10,312,500 | 2.88% | 3,125,000 | Call option | $4,125,000 | Up ×1 | |
| CDE | $10,118,400 | 2.83% | 620,000 | Call option | $-16,535,000 | Down ×1 | |
| USAS | $9,440,000 | 2.64% | 2,000,000 | Call option | Up ×1 | ||
| OR | $9,340,845 | 2.61% | 295,316 | $3,435,731 | Up ×1 | ||
| CGAU | $8,653,216 | 2.42% | 545,600 | $-1,053,008 | |||
| WPM | $7,187,357 | 2.01% | 63,990 | $-685,034 | Up ×1 | ||
| MTA | $7,069,393 | 1.98% | 928,961 | ||||
| HBM | $6,138,600 | 1.72% | 260,000 | Up ×1 | |||
| FSM | $4,858,750 | 1.36% | 575,000 | Up ×1 | |||
| UEC | $4,500,194 | 1.26% | 422,157 | Up ×1 | |||
| HCC | $4,296,935 | 1.20% | 52,944 | $-2,497,799 | Down ×2 | ||
| ALM | $4,140,000 | 1.16% | 250,000 | Put option | $520,000 | ||
| NXE | $3,733,577 | 1.04% | 397,612 | $-1,511,224 | Down ×2 | ||
| HYMC | $2,340,000 | 0.65% | 100,000 | Put option | $-4,703,520 | Down ×2 | |
| NEWP | $2,010,000 | 0.56% | 500,000 | Put option | Up ×1 | ||
| NEXM | $1,950,790 | 0.55% | 826,606 | $-46,465 | Up ×2 | ||
| VZLA | $1,562,088 | 0.44% | 473,360 | ||||
| DNN | $1,530,000 | 0.43% | 500,000 | $-235,000 | |||
| AA | $1,512,060 | 0.42% | 29,000 | Up ×1 | |||
| ASM | $951,000 | 0.27% | 150,000 | Put option | Up ×1 | ||
| LZM | $530,606 | 0.15% | 136,754 | $71,113 | |||
| FURY | $517,590 | 0.14% | 958,500 | Up ×1 | |||
| LZMWS | $453,358 | 0.13% | 1,105,751 | $68,131 | Up ×1 | ||
| AEC | $119,865 | 0.03% | 27,429 | $-863,733 | Down ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| BTG | $22,451,220 | 6,003,000 | 6.27% |
| USAS | $9,440,000 | 2,000,000 | 2.64% |
| MTA | $7,069,393 | 928,961 | 1.98% |
| HBM | $6,138,600 | 260,000 | 1.72% |
| FSM | $4,858,750 | 575,000 | 1.36% |
| UEC | $4,500,194 | 422,157 | 1.26% |
| NEWP | $2,010,000 | 500,000 | 0.56% |
| VZLA | $1,562,088 | 473,360 | 0.44% |
| AA | $1,512,060 | 29,000 | 0.42% |
| ASM | $951,000 | 150,000 | 0.27% |
| FURY | $517,590 | 958,500 | 0.14% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| CDE | Trimmed | -800K | -$16.5M |
| AEM | Bought more | +47K | +$6.0M |
| HYMC | Trimmed | -100K | -$4.7M |
| ELE | Trimmed | -163K | -$4.4M |
| VZLA | Bought more | +1.2M | +$4.1M |
| OR | Bought more | +140K | +$3.4M |
| HCC | Trimmed | -20K | -$2.5M |
| IAG | Bought more | +4K | -$2.5M |
| RGLD | Bought more | +22K | -$2.2M |
| SSRM | Trimmed | -53K | -$2.0M |
1 position hidden — reported move looks larger than the position itself (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| USAR | June 30, 2026 | 1,100,000 | $16,648,500 | -37.0% |
| UEC | March 31, 2026 | 1,390,000 | $16,235,200 | No longer tracked |
| EU | March 31, 2026 | 5,950,100 | $14,756,248 | -43.3% |
| EGO | March 31, 2026 | 402,584 | $14,460,817 | 11.0% |
| SLV | June 30, 2026 | 200,000 | $13,628,000 | 2.4% |
| B | March 31, 2026 | 275,000 | $11,976,250 | -1.4% |
| HL | June 30, 2026 | 500,000 | $9,315,000 | 11.5% |
| PPTA | June 30, 2026 | 229,000 | $6,439,480 | -1.8% |
| GROY | June 30, 2026 | 1,348,303 | $4,826,925 | No longer tracked |
| SLSR | March 31, 2026 | 519,952 | $4,166,282 | No longer tracked |
| MTA | March 31, 2026 | 456,339 | $3,550,317 | No longer tracked |
| EQX | March 31, 2026 | 240,000 | $3,369,600 | No longer tracked |
| VOXR | March 31, 2026 | 652,114 | $3,091,020 | -4.0% |
| NIKL | June 30, 2026 | 175,000 | $2,801,750 | |
| AU | June 30, 2026 | 15,000 | $1,460,400 | 17.3% |
| NEM | June 30, 2026 | 9,100 | $985,075 | 23.7% |