Hedges Asset Management LLC
CIK 1906202 · View on SEC EDGAR ↗
- Portfolio value
- $152.4M
- Positions
- 108
- As of
- June 30, 2026
#7,336 of 9,443 by 13F value · top 77.7%
Portfolio value QoQ: +7.5% 13F does not disclose cash
- Top 10 holdings weight
- 36.35%
- Top 25 holdings weight
- 58.18%
- Positions above 1%
- 30
- Effective number of positions
- 40.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 10.35% Est. buys $21,956,037 · sells $15,232,450
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 77.1% still held
- New positions
- 13
- Increased
- 26
- Decreased
- 53
- Closed
- 5
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +24.9%
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.
Priceable coverage: 87.3% · Options excluded: 0.0%
Sector breakdown
Industrials
15.4%
Financials
14.0%
Consumer Discretionary
14.0%
Materials
10.0%
Energy
7.4%
Healthcare
7.0%
Technology
4.8%
Real Estate
3.3%
Consumer Staples
2.5%
Communication Services
2.4%
Logistics & Transportation
1.6%
Telecommunication
1.1%
Retail
0.9%
Consumer products
0.9%
Financial Services
0.5%
Communications
0.1%
Other/Unmapped
13.9%
Full portfolio 108 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| GBCI Glacier Bancorp, Inc. Common Stock | $15,252,825 | 10.01% | 295,712 | $2,248,252 | |||
| GE GE Aerospace Common Stock | $7,278,392 | 4.78% | 19,475 | $594,141 | |||
| BA Boeing Company (The) Common Stock | $5,974,572 | 3.92% | 27,600 | $416,300 | |||
| INTC Intel Corporation - Common Stock | $4,698,550 | 3.08% | 33,650 | $2,764,990 | |||
| LUV Southwest Airlines Company Common Stock | $4,288,428 | 2.81% | 83,400 | $564,595 | |||
| PENN PENN Entertainment, Inc. - Common Stock | $4,034,904 | 2.65% | 188,900 | $1,348,191 | |||
| PSQ | $3,814,132 | 2.50% | 152,200 | $1,751,472 | |||
| SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) | $3,760,690 | 2.47% | 48,500 | $-361,538 | |||
| GLPI Gaming and Leisure Properties, Inc. - Common Stock | $3,484,918 | 2.29% | 78,260 | $-12,521 | |||
| ARCO Arcos Dorados Holdings Inc. Class A Shares | $2,819,388 | 1.85% | 349,800 | $706,202 | |||
| BP BP p.l.c. Common Stock | $2,773,327 | 1.82% | 75,056 | $166,264 | |||
| GDX GDX | $2,757,698 | 1.81% | 36,550 | $-664,525 | |||
| CNH CNH Industrial N.V. Common Shares | $2,672,740 | 1.75% | 238,000 | $1,557,120 | |||
| BCS Barclays PLC Common Stock | $2,538,270 | 1.67% | 94,500 | $-528,455 | |||
| MTN Vail Resorts, Inc. Common Stock | $2,522,179 | 1.65% | 18,525 | Up ×1 | |||
| LIND Lindblad Expeditions Holdings Inc. - Common Stock | $2,253,552 | 1.48% | 79,800 | $236,194 | |||
| FMC FMC Corporation Common Stock | $2,137,850 | 1.40% | 185,900 | $749,463 | |||
| DOW Dow Inc. Common Stock | $2,134,080 | 1.40% | 78,000 | $212,244 | |||
| SH | $2,119,884 | 1.39% | 64,200 | $-366,186 | |||
| B Barrick Mining Corporation Common Shares | $2,003,622 | 1.31% | 54,550 | $-295,818 | |||
| PAAS Pan American Silver Corp. Common Stock | $1,928,881 | 1.27% | 43,065 | $-380,395 | |||
| IMAX Imax Corporation Common Stock | $1,879,399 | 1.23% | 47,150 | $-208,841 | |||
| VGK | $1,859,340 | 1.22% | 21,000 | $103,530 | |||
| WYNN Wynn Resorts, Limited - Common Stock | $1,846,166 | 1.21% | 19,015 | $-441,910 | |||
| ELAN Elanco Animal Health Incorporated Common Stock | $1,845,750 | 1.21% | 75,000 | $125,870 | |||
| CDE Coeur Mining, Inc. Common Stock | $1,841,157 | 1.21% | 112,816 | Up ×1 | |||
| PHYS | $1,840,370 | 1.21% | 61,000 | $-305,930 | |||
| UPS United Parcel Service, Inc. Common Stock | $1,773,750 | 1.16% | 16,500 | $781,850 | |||
| NEM Newmont Corporation | $1,741,910 | 1.14% | 18,650 | $-140,263 | |||
| VZ Verizon Communications Inc. Common Stock | $1,699,951 | 1.12% | 40,150 | $-534,090 | |||
| WY Weyerhaeuser Company Common Stock | $1,478,295 | 0.97% | 61,750 | $163,500 | |||
| NVO Novo Nordisk A/S Common Stock | $1,457,376 | 0.96% | 30,400 | Up ×1 | |||
| L Loews Corporation Common Stock | $1,437,767 | 0.94% | 12,700 | $100,330 | |||
| MRK Merck & Company, Inc. Common Stock (new) | $1,342,825 | 0.88% | 10,450 | $-120,289 | |||
| CRSP CRISPR Therapeutics AG - Common Shares | $1,340,321 | 0.88% | 24,575 | $146,000 | |||
| SLB SLB Limited Common Shares | $1,334,263 | 0.88% | 28,700 | $2,477 | |||
| TGT Target Corporation Common Stock | $1,332,222 | 0.87% | 10,200 | $300,959 | |||
| UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) | $1,331,658 | 0.87% | 22,150 | $-179,279 | |||
| GT The Goodyear Tire & Rubber Company - Common Stock | $1,306,800 | 0.86% | 198,000 | $465,840 | |||
| VTRS Viatris Inc. - Common Stock | $1,290,250 | 0.85% | 81,250 | $238,225 | |||
| WFC Wells Fargo & Company Common Stock | $1,280,920 | 0.84% | 15,500 | $-210,280 | |||
| PPLT | $1,264,635 | 0.83% | 89,500 | $-497,129 | |||
| KHC The Kraft Heinz Company - Common Stock | $1,241,231 | 0.81% | 52,550 | $128,156 | |||
| IBM International Business Machines Corporation Common Stock | $1,209,203 | 0.79% | 4,300 | $-153,363 | |||
| F Ford Motor Company Common Stock | $1,200,960 | 0.79% | 86,400 | $-28,384 | |||
| TSN Tyson Foods, Inc. Common Stock | $1,193,663 | 0.78% | 20,850 | $-22,702 | |||
| IFF International Flavors & Fragrances, Inc. Common Stock | $1,134,827 | 0.74% | 14,325 | $63,325 | |||
| MKC McCormick & Company, Incorporated Common Stock | $1,134,450 | 0.74% | 22,500 | Up ×1 | |||
| WMB Williams Companies, Inc. (The) Common Stock | $1,107,666 | 0.73% | 14,900 | $1,642 | |||
| MDT Medtronic plc. Ordinary Shares | $1,099,132 | 0.72% | 14,050 | $724,498 | |||
| Unknown issuer (CUSIP: 438516205) | $1,001,953 | 0.66% | 4,475 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $989,333 | 0.65% | 4,475 | Up ×1 | |||
| CVX Chevron Corporation Common Stock | $986,272 | 0.65% | 5,950 | $-705,479 | |||
| NTNX Nutanix, Inc. - Class A Common Stock | $958,048 | 0.63% | 18,800 | $-29,231 | |||
| DIS Walt Disney Company (The) Common Stock | $885,500 | 0.58% | 9,200 | $117,552 | |||
| BMY Bristol-Myers Squibb Company Common Stock | $878,705 | 0.58% | 15,250 | $-26,139 | |||
| CNK Cinemark Holdings Inc Cinemark Holdings, Inc. Common Stock | $863,056 | 0.57% | 27,200 | $107,756 | |||
| BAC Bank of America Corporation Common Stock | $837,606 | 0.55% | 14,700 | $18,106 | |||
| MBLY Mobileye Global Inc. - Class A Common Stock | $825,220 | 0.54% | 85,250 | $595,540 | |||
| SCHW Charles Schwab Corporation (The) Common Stock | $802,749 | 0.53% | 8,700 | $-136,405 | |||
| BROS Dutch Bros Inc. Class A Common Stock | $797,091 | 0.52% | 11,100 | $270,599 | |||
| SHAK Shake Shack, Inc. Class A Common Stock | $781,479 | 0.51% | 13,950 | $-277,790 | |||
| MGM MGM Resorts International Common Stock | $764,960 | 0.50% | 16,000 | $82,597 | |||
| ALK Alaska Air Group, Inc. Common Stock | $746,460 | 0.49% | 14,300 | ||||
| EUFN iShares MSCI Europe Financials ETF | $740,810 | 0.49% | 19,000 | $-38,080 | |||
| FDX FedEx Corporation Common Stock | $735,856 | 0.48% | 2,350 | $-925,089 | |||
| MSOS | $716,280 | 0.47% | 141,000 | $112,120 | |||
| MMM 3M Company Common Stock | $671,927 | 0.44% | 4,150 | $63,547 | |||
| SLV | $668,375 | 0.44% | 12,500 | $-136,875 | |||
| FIGS FIGS, Inc. Class A Common Stock | $649,605 | 0.43% | 63,500 | $-71,755 | |||
| SQM Sociedad Quimica y Minera S.A. Common Stock | $644,148 | 0.42% | 8,700 | $-160,812 | |||
| NTR Nutrien Ltd. Common Shares | $623,205 | 0.41% | 9,900 | $-18,683 | |||
| LYFT Lyft, Inc. - Class A Common Stock | $578,556 | 0.38% | 39,600 | $-1,118,256 | |||
| NVST Envista Holdings Corporation Common Stock | $494,063 | 0.32% | 18,750 | $42,495 | |||
| ABNB Airbnb, Inc. - Class A Common Stock | $479,385 | 0.31% | 3,350 | $24,723 | |||
| IEV | $473,525 | 0.31% | 6,500 | $27,625 | |||
| KWEB | $469,824 | 0.31% | 19,200 | $68,034 | |||
| HMC Honda Motor Company, Ltd. Common Stock | $455,448 | 0.30% | 16,800 | $-10,336 | |||
| ROG Rogers Corporation Common Stock | $429,791 | 0.28% | 2,625 | $81,825 | |||
| INSP Inspire Medical Systems, Inc. Common Stock | $388,107 | 0.25% | 8,700 | $28,409 | |||
| VEU | $385,250 | 0.25% | 4,600 | $46,874 | |||
| CCJ Cameco Corporation Common Stock | $376,882 | 0.25% | 3,700 | $-53,121 | |||
| HP Helmerich & Payne, Inc. Common Stock | $366,688 | 0.24% | 11,200 | $-100,796 | |||
| FXI | $360,126 | 0.24% | 11,400 | $-76,380 | |||
| DFE | $359,850 | 0.24% | 5,000 | $672 | |||
| LAC Lithium Americas Corp. Common Shares | $346,500 | 0.23% | 90,000 | $41,300 | |||
| KMI Kinder Morgan, Inc. Common Stock | $335,685 | 0.22% | 10,500 | $-7,940 | |||
| WPM Wheaton Precious Metals Corp Common Shares (Canada) | $325,728 | 0.21% | 2,900 | $-144,352 | |||
| EEM | $321,527 | 0.21% | 4,700 | $64,390 | |||
| RSP | $319,155 | 0.21% | 1,500 | $31,815 | |||
| EW Edwards Lifesciences Corporation Common Stock | $316,610 | 0.21% | 3,500 | $-15,865 | |||
| GVA Granite Construction Incorporated Common Stock | $316,160 | 0.21% | 2,000 | $27,785 | |||
| DOG | $308,085 | 0.20% | 14,250 | $-571,616 | |||
| ONON On Holding AG Class A Ordinary Shares | $301,070 | 0.20% | 8,500 | ||||
| DAL Delta Air Lines, Inc. Common Stock | $299,712 | 0.20% | 3,200 | $42,932 | |||
| VEA | $285,000 | 0.19% | 4,000 | $35,120 | |||
| COP ConocoPhillips Common Stock | $280,692 | 0.18% | 2,700 | $-37,582 | |||
| MCD McDonald's Corporation Common Stock | $270,310 | 0.18% | 1,000 | $-35,320 | |||
| WAB Westinghouse Air Brake Technologies Corporation Common Stock | $269,600 | 0.18% | 1,000 | $-61,248 | |||
| DOCU DocuSign, Inc. - Common Stock | $244,310 | 0.16% | 5,500 | ||||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| MTN | $2,522,179 | 18,525 | 1.65% |
| CDE | $1,841,157 | 112,816 | 1.21% |
| NVO | $1,457,376 | 30,400 | 0.96% |
| MKC | $1,134,450 | 22,500 | 0.74% |
| Unknown issuer (CUSIP: 438516205) | $1,001,953 | 4,475 | 0.66% |
| Unknown issuer (CUSIP: 43849R105) | $989,333 | 4,475 | 0.65% |
| ALK | $746,460 | 14,300 | 0.49% |
| ONON | $301,070 | 8,500 | 0.20% |
| DOCU | $244,310 | 5,500 | 0.16% |
| PFE | $243,208 | 10,100 | 0.16% |
| CRWV | $238,896 | 2,400 | 0.16% |
| FETH | $173,140 | 11,000 | 0.11% |
| STLA | $86,100 | 15,000 | 0.06% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| INTC | Trimmed | -19K | +$2.8M |
| GBCI | Bought more | +489 | +$2.2M |
| PSQ | Bought more | +84K | +$1.8M |
| CNH | Bought more | +117K | +$1.6M |
| PENN | Bought more | +7K | +$1.3M |
| LYFT | Trimmed | -48K | -$1.1M |
| FDX | Trimmed | -3K | -$925K |
| UPS | Bought more | +6K | +$782K |
| FMC | Bought more | +86K | +$749K |
| MDT | Bought more | +10K | +$724K |
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 |
|---|---|---|---|---|
| BCS | Sept. 30, 2025 | 120,800 | $2,245,672 | 29.6% |
| MAG | Sept. 30, 2025 | 83,000 | $1,753,790 | No longer tracked |
| IMAX | Sept. 30, 2025 | 57,900 | $1,618,884 | 63.7% |
| ULXXXX | Dec. 31, 2025 | 26,000 | $1,541,280 | No longer tracked |
| HWM | June 30, 2025 | 10,200 | $1,323,247 | 50.5% |
| TGT | Sept. 30, 2025 | 13,000 | $1,282,450 | 78.7% |
| GOLD | June 30, 2025 | 50,800 | $987,552 | 102.5% |
| DD | Dec. 31, 2025 | 10,400 | $810,160 | 247.6% |
| ALK | June 30, 2025 | 12,400 | $610,328 | -18.3% |
| PARA | March 31, 2025 | 55,200 | $577,392 | |
| JNJ | June 30, 2025 | 3,250 | $538,980 | 78.0% |
| BABA | June 30, 2025 | 3,725 | $492,557 | 10.5% |
| T | June 30, 2025 | 17,000 | $480,760 | -12.8% |
| STAA | Sept. 30, 2025 | 20,000 | $335,600 | -9.8% |
| BIDU | June 30, 2025 | 3,425 | $315,204 | 9.5% |
| CRWV | Dec. 31, 2025 | 2,300 | $314,755 | 28.2% |
| GEV | Dec. 31, 2025 | 500 | $307,450 | 48.6% |
| EW | Sept. 30, 2025 | 3,900 | $305,019 | 18.0% |
| SKX | June 30, 2025 | 5,300 | $300,934 | No longer tracked |
| FEZ | June 30, 2025 | 5,000 | $272,050 | No longer tracked |
| EBAY | June 30, 2025 | 4,000 | $270,920 | 40.0% |
| PYPL | June 30, 2025 | 4,100 | $267,525 | -17.0% |
| OGN | March 31, 2025 | 17,500 | $261,100 | -7.8% |
| CCJ | March 31, 2025 | 4,800 | $246,672 | 131.4% |
| JPM | March 31, 2025 | 1,000 | $239,710 | 44.8% |
| DAL | March 31, 2025 | 3,700 | $223,850 | 87.7% |
| ONON | Sept. 30, 2025 | 4,300 | $223,815 | -27.7% |
| KO | June 30, 2025 | 3,000 | $214,860 | 28.8% |
| BABA | Dec. 31, 2025 | 1,175 | $210,008 | -14.5% |
| DOCU | Sept. 30, 2025 | 2,650 | $206,409 | -13.6% |