13F HOLDINGS REPORT
ARMOR ADVISORS, L.L.C.
Quarter ended Q3 2025 · Filed November 10, 2025 · Accession 0001600698-25-000016
Total Value
$179.5M
Positions
16
Other Managers
0
Confidential Omitted
No
Holdings (16)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR GOLD TR | GLD | 150,000 | $53.3M | 29.71% |
| 2 | CRH PLC | CRH | 213,349 | $25.6M | 14.25% |
| 3 | FRANCO NEV CORP | FNV | 63,812 | $14.2M | 7.93% |
| 4 | NAVIOS MARITIME PARTNERS L P | NMM | 310,000 | $14.0M | 7.78% |
| 5 | ROYAL GOLD INC | RGLD | 58,805 | $11.8M | 6.57% |
| 6 | KASPI KZ JSC | 48581R205 | 115,880 | $9.5M | 5.27% |
| 7 | NAVIOS MARITIME PARTNERS L P | NMM | 201,776 | $9.1M | 5.06% |
| 8 | ICON PLC | ICLR | 38,934 | $6.8M | 3.80% |
| 9 | SPDR S&P 500 ETF TR | SPY | 10,000 | $6.7M | 3.71% |
| 10 | STAR BULK CARRIERS CORP | SBLK | 328,390 | $6.1M | 3.40% |
| 11 | ISHARES SILVER TR | SLV | 123,277 | $5.2M | 2.91% |
| 12 | HAFNIA LTD | HAFN | 825,376 | $4.9M | 2.75% |
| 13 | FRONTLINE PLC | FRO | 210,332 | $4.8M | 2.67% |
| 14 | FERGUSON ENTERPRISES INC | FERG | 15,386 | $3.5M | 1.93% |
| 15 | FIRST CTZNS BANCSHARES INC N | 31946M103 | 1,537 | $2.7M | 1.53% |
| 16 | SEABRIDGE GOLD INC | SA | 53,142 | $1.3M | 0.72% |