13F HOLDINGS REPORT

Oxbow Advisors, LLC

Quarter ended Q3 2025 · Filed October 31, 2025 · Accession 0002085853-25-000209

Total Value

$1.08B

Positions

223

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (223)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD INSTL INDEX FD	922040845	2,079,988	$157.3M	14.61%
2	ISHARES GOLD TR	IAU	912,179	$66.4M	6.17%
3	MICROSOFT CORP	MSFT	78,442	$40.6M	3.77%
4	ENTERPRISE PRODS PARTNERS L	293792107	1,290,033	$40.3M	3.75%
5	ALPHABET INC	GOOG	135,594	$33.0M	3.07%
6	APPLE INC	AAPL	129,494	$33.0M	3.06%
7	AGNICO EAGLE MINES LTD	AEM	163,043	$27.5M	2.55%
8	MPLX LP	MPLXP	393,420	$19.7M	1.83%
9	PAN AMERN SILVER CORP	697900108	444,825	$17.2M	1.60%
10	ROYAL GOLD INC	RGLD	85,073	$17.1M	1.58%
11	CONOCOPHILLIPS	COP	166,690	$15.8M	1.46%
12	MOODYS CORP	MCO	32,955	$15.7M	1.46%
13	BOEING CO	BA-PA	222,031	$15.4M	1.43%
14	MASTERCARD INCORPORATED	MA	24,410	$13.9M	1.29%
15	VISA INC	V	38,535	$13.2M	1.22%
16	CHEVRON CORP NEW	CVX	84,419	$13.1M	1.22%
17	ETF SER SOLUTIONS	26922A321	218,614	$12.7M	1.18%
18	ISHARES SILVER TR	SLV	283,872	$12.0M	1.12%
19	NEW GOLD INC CDA	644535106	1,455,136	$10.4M	0.97%
20	APA CORPORATION	APA	428,856	$10.4M	0.97%
21	ALPS ETF TR	00162Q452	202,356	$9.5M	0.88%
22	EXXON MOBIL CORP	XOM	76,991	$8.7M	0.81%
23	ADOBE INC	ADBE	23,994	$8.5M	0.79%
24	JOHNSON & JOHNSON	JNJ	45,299	$8.4M	0.78%
25	ENERGY TRANSFER L P	ET-PI	482,596	$8.3M	0.77%
26	EXPEDIA GROUP INC	EXPE	38,686	$8.3M	0.77%
27	UNILEVER PLC	UNLYF	137,745	$8.2M	0.76%
28	MCDONALDS CORP	MCD	25,951	$7.9M	0.73%
29	ZOETIS INC	ZTS	53,469	$7.8M	0.73%
30	LINCOLN NATL CORP IND	534187109	189,391	$7.6M	0.71%
31	RESMED INC	RSMDF	27,521	$7.5M	0.70%
32	UGI CORP NEW	902681105	221,289	$7.4M	0.68%
33	OREILLY AUTOMOTIVE INC	67103H107	67,746	$7.3M	0.68%
34	MASCO CORP	MAS	96,629	$6.8M	0.63%
35	LOWES COS INC	548661107	26,266	$6.6M	0.61%
36	VANECK ETF TRUST	92189F106	86,353	$6.6M	0.61%
37	BRISTOL-MYERS SQUIBB CO	CELG-RI	143,784	$6.5M	0.60%
38	MATADOR RES CO	MTDR	143,199	$6.4M	0.60%
39	METTLER TOLEDO INTERNATIONAL	MTD	5,205	$6.4M	0.59%
40	WORKDAY INC	WDAY	26,438	$6.4M	0.59%
41	WHEATON PRECIOUS METALS CORP	WPM	56,722	$6.3M	0.59%
42	SERVICENOW INC	NOW	6,893	$6.3M	0.59%
43	TORTOISE CAPITAL SERIES TRUS	890930308	173,784	$6.3M	0.59%
44	NUTRIEN LTD	NTR	105,735	$6.2M	0.58%
45	SPDR GOLD TR	GLD	17,330	$6.2M	0.57%
46	MOSAIC CO NEW	MOS	176,356	$6.1M	0.57%
47	PLAINS GP HLDGS L P	PAGP	330,924	$6.0M	0.56%
48	ASTRAZENECA PLC	AZN	77,594	$6.0M	0.55%
49	THE CIGNA GROUP	125523100	20,586	$5.9M	0.55%
50	COLGATE PALMOLIVE CO	CL	73,986	$5.9M	0.55%
51	CHENIERE ENERGY INC	LNG	25,164	$5.9M	0.55%
52	INTUIT	INTU	8,658	$5.9M	0.55%
53	BOOKING HOLDINGS INC	BKNG	1,068	$5.8M	0.54%
54	NORTHERN OIL & GAS INC	NOG	219,949	$5.5M	0.51%
55	ABBVIE INC	ABBV	23,322	$5.4M	0.50%
56	VALE S A	VALE	496,977	$5.4M	0.50%
57	EOG RES INC	EOG	47,435	$5.3M	0.49%
58	KINDER MORGAN INC DEL	EP-PC	187,018	$5.3M	0.49%
59	HECLA MNG CO	422704106	429,549	$5.2M	0.48%
60	GILDAN ACTIVEWEAR INC	GIL	88,097	$5.1M	0.47%
61	ISHARES TR	46434V860	98,619	$5.0M	0.46%
62	MEDPACE HLDGS INC	MEDP	9,277	$4.8M	0.44%
63	FRONTLINE PLC	FRO	209,166	$4.8M	0.44%
64	SUNCOR ENERGY INC NEW	SU	107,589	$4.5M	0.42%
65	INVESCO EXCHANGE TRADED FD T	IVZ	23,599	$4.5M	0.42%
66	FRANCO NEV CORP	FNV	20,072	$4.5M	0.42%
67	GALLAGHER ARTHUR J & CO	363576109	14,424	$4.5M	0.41%
68	VICI PPTYS INC	925652109	135,248	$4.4M	0.41%
69	RIO TINTO PLC	RTNTF	64,431	$4.3M	0.40%
70	MCKESSON CORP	MCK	5,490	$4.2M	0.39%
71	ARCH CAP GROUP LTD	G0450A105	45,888	$4.2M	0.39%
72	VERISIGN INC	VRSN	14,853	$4.2M	0.39%
73	BLACKSTONE INC	BX	24,267	$4.1M	0.39%
74	AMERICAN ELEC PWR CO INC	025537101	33,443	$3.8M	0.35%
75	KIMBERLY-CLARK CORP	KMB	30,159	$3.7M	0.35%
76	NOVARTIS AG	NVSEF	28,840	$3.7M	0.34%
77	UNION PAC CORP	UNP	15,380	$3.6M	0.34%
78	EVERGY INC	EVRG	47,721	$3.6M	0.34%
79	YUM BRANDS INC	YUM	22,885	$3.5M	0.32%
80	CORTEVA INC	CTVA	50,228	$3.4M	0.32%
81	MONSTER BEVERAGE CORP NEW	MNST	50,289	$3.4M	0.31%
82	WILLIAMS COS INC	969457100	53,068	$3.4M	0.31%
83	BROADCOM INC	AVGO	10,063	$3.3M	0.31%
84	AMGEN INC	AMGN	11,338	$3.2M	0.30%
85	CATERPILLAR INC	CAT	6,644	$3.2M	0.29%
86	J P MORGAN EXCHANGE TRADED F	46641Q837	58,985	$3.0M	0.28%
87	ROYALTY PHARMA PLC	RPRX	84,741	$3.0M	0.28%
88	VANECK ETF TRUST	92189F791	30,043	$3.0M	0.28%
89	WALMART INC	WMT	28,780	$3.0M	0.28%
90	REGENERON PHARMACEUTICALS	REGN	5,247	$3.0M	0.27%
91	OTIS WORLDWIDE CORP	OTIS	31,466	$2.9M	0.27%
92	CROWN HLDGS INC	CCK	29,518	$2.9M	0.26%
93	COCA-COLA FEMSA SAB DE CV	COCSF	34,011	$2.8M	0.26%
94	AMBEV SA	ABEV	1,258,044	$2.8M	0.26%
95	INGREDION INC	INGR	22,802	$2.8M	0.26%
96	AIRBNB INC	ABNB	22,621	$2.7M	0.26%
97	INVESCO QQQ TR	IVZ	4,227	$2.5M	0.24%
98	NVIDIA CORPORATION	NVDA	13,580	$2.5M	0.24%
99	VANGUARD INDEX FDS	922908769	7,630	$2.5M	0.23%
100	CLEARBRIDGE ENERGY MIDSTRM O	18469P209	51,805	$2.3M	0.22%
101	SPDR S&P 500 ETF TR	SPY	3,474	$2.3M	0.21%
102	VANGUARD INDEX FDS	922908363	3,647	$2.2M	0.21%
103	ISHARES TR	464287168	14,824	$2.1M	0.20%
104	ALPHABET INC	GOOG	8,424	$2.0M	0.19%
105	ALAMOS GOLD INC NEW	AGI	58,474	$2.0M	0.19%
106	COSTCO WHSL CORP NEW	22160K105	2,188	$2.0M	0.19%
107	PLAINS ALL AMERN PIPELINE L	726503105	113,932	$1.9M	0.18%
108	AMAZON COM INC	AMZN	8,591	$1.9M	0.18%
109	JACKSON FINANCIAL INC	JXN-PA	18,054	$1.8M	0.17%
110	WASTE MGMT INC DEL	94106L109	8,175	$1.8M	0.17%
111	AUTOMATIC DATA PROCESSING IN	ADP	6,105	$1.8M	0.17%
112	GOLD FIELDS LTD	GFIOF	38,675	$1.6M	0.15%
113	VANGUARD WORLD FD	921910816	3,920	$1.6M	0.15%
114	PROCTER AND GAMBLE CO	742718109	10,197	$1.6M	0.15%
115	VENTAS INC	VTR	21,309	$1.5M	0.14%
116	RBB FD INC	74933W452	29,629	$1.5M	0.14%
117	BERKSHIRE HATHAWAY INC DEL	BRK-A	2,933	$1.5M	0.14%
118	PEPSICO INC	PEP	9,875	$1.4M	0.13%
119	INTERNATIONAL BUSINESS MACHS	INTR	4,555	$1.3M	0.12%
120	MOTOROLA SOLUTIONS INC	MSI	2,805	$1.3M	0.12%
121	ANGLOGOLD ASHANTI PLC	AU	18,008	$1.3M	0.12%
122	BARRICK MNG CORP	06849F108	37,355	$1.2M	0.11%
123	KROGER CO	KR	17,561	$1.2M	0.11%
124	SPROTT ASSET MANAGEMENT LP	SII	39,124	$1.2M	0.11%
125	VANGUARD INDEX FDS	922908751	4,484	$1.1M	0.11%
126	ABBOTT LABS	ABLZF	8,075	$1.1M	0.10%
127	HOME DEPOT INC	HD	2,396	$970,832	0.09%
128	VANGUARD INDEX FDS	922908629	3,205	$941,437	0.09%
129	ETF SER SOLUTIONS	26922B667	25,910	$929,634	0.09%
130	STELLAR BANCORP INC	STEL	30,464	$924,278	0.09%
131	GRAYSCALE BITCOIN TRUST ETF	GBTC	10,000	$897,700	0.08%
132	SSR MINING IN	SSRGF	35,230	$859,996	0.08%
133	ONEOK INC NEW	OKE	11,523	$840,819	0.08%
134	PINNACLE FINL PARTNERS INC	72346Q104	8,750	$820,663	0.08%
135	SYSCO CORP	SYY	9,600	$790,464	0.07%
136	NETFLIX INC	NFLX	656	$786,492	0.07%
137	SCHWAB STRATEGIC TR	808524797	28,241	$770,978	0.07%
138	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$754,200	0.07%
139	ISHARES TR	464287689	1,929	$730,975	0.07%
140	ORACLE CORP	ORCL-PD	2,598	$730,662	0.07%
141	MGIC INVT CORP WIS	552848103	25,000	$709,250	0.07%
142	TC ENERGY CORP	TRPRF	12,181	$662,768	0.06%
143	ISHARES TR	464287457	6,850	$568,254	0.05%
144	VITESSE ENERGY INC	VTS	24,084	$559,471	0.05%
145	AMERICAN EXPRESS CO	AXP	1,672	$555,437	0.05%
146	SPROTT ASSET MANAGEMENT LP	SII	35,204	$552,703	0.05%
147	REPUBLIC SVCS INC	760759100	2,381	$546,392	0.05%
148	VANGUARD WELLINGTON FD	921935870	5,357	$546,012	0.05%
149	NUVEEN AMT FREE MUN CR INC F	NU	43,535	$535,045	0.05%
150	BANK AMERICA CORP	060505104	10,369	$534,955	0.05%
151	SUNOCO LP/SUNOCO FIN CORP	SUN	10,595	$529,856	0.05%
152	FIRST MAJESTIC SILVER CORP	AG	42,720	$525,029	0.05%
153	SPROTT ASSET MANAGEMENT LP	SII	14,306	$524,879	0.05%
154	CISCO SYS INC	CSCO	7,666	$524,508	0.05%
155	VANGUARD INDEX FDS	922908736	1,055	$505,989	0.05%
156	ABRDN ASIA PACIFIC INCOME FU	ABAKF	30,509	$496,992	0.05%
157	KINROSS GOLD CORP	KGCRF	19,315	$479,978	0.04%
158	GAMCO GLOBAL GOLD NAT RES &	36465A109	91,750	$472,971	0.04%
159	GRAINGER W W INC	384802104	490	$466,950	0.04%
160	CLOROX CO DEL	CLX	3,759	$463,485	0.04%
161	META PLATFORMS INC	META	625	$459,187	0.04%
162	WELLS FARGO CO NEW	949746804	366	$451,750	0.04%
163	JPMORGAN CHASE & CO.	VYLD	1,431	$451,422	0.04%
164	TEXAS PACIFIC LAND CORPORATI	TPL	477	$445,584	0.04%
165	3M CO	MMM	2,828	$438,849	0.04%
166	ISHARES TR	464287481	3,080	$438,641	0.04%
167	BANK AMERICA CORP	060505682	340	$434,562	0.04%
168	VIPER ENERGY INC	VNOM	11,289	$431,474	0.04%
169	GLOBAL X FDS	37954Y848	5,954	$426,485	0.04%
170	DIMENSIONAL ETF TRUST	25434V708	10,907	$420,682	0.04%
171	MARATHON PETE CORP	MARA	2,175	$419,253	0.04%
172	EXPAND ENERGY CORPORATION	EXE	3,917	$416,142	0.04%
173	DUPONT DE NEMOURS INC	DD	5,269	$410,455	0.04%
174	VANGUARD INDEX FDS	922908512	2,269	$396,122	0.04%
175	VANGUARD INDEX FDS	922908637	1,249	$384,517	0.04%
176	GENERAL MLS INC	370334104	7,604	$383,394	0.04%
177	SPDR SERIES TRUST	78464A755	4,075	$379,749	0.04%
178	B2GOLD CORP	BTG	76,485	$378,601	0.04%
179	VIZSLA SILVER CORP	VZLA	86,120	$372,038	0.03%
180	VALERO ENERGY CORP	VLO	2,122	$361,336	0.03%
181	ISHARES TR	464287242	3,225	$359,456	0.03%
182	TJX COS INC NEW	872540109	2,424	$350,365	0.03%
183	VANGUARD SCOTTSDALE FDS	92206C730	1,129	$341,353	0.03%
184	EQT CORP	EQT	6,258	$340,646	0.03%
185	OCCIDENTAL PETE CORP	674599105	7,045	$332,876	0.03%
186	ALLIANT ENERGY CORP	LNT	4,916	$331,388	0.03%
187	DUKE ENERGY CORP NEW	DUKB	2,649	$327,814	0.03%
188	SABINE RTY TR	785688102	4,078	$323,997	0.03%
189	NEWMONT CORP	NEMCL	3,629	$305,961	0.03%
190	HONEYWELL INTL INC	438516106	1,421	$299,154	0.03%
191	WEC ENERGY GROUP INC	WEC	2,553	$292,548	0.03%
192	ISHARES TR	464287200	421	$281,775	0.03%
193	COCA COLA CONS INC	COKE	2,380	$278,841	0.03%
194	PHILIP MORRIS INTL INC	718172109	1,697	$275,253	0.03%
195	GE AEROSPACE	369604301	914	$274,949	0.03%
196	GAMCO NAT RES GOLD & INCOME	36465E101	38,450	$270,304	0.03%
197	PROSHARES TR	74349Y753	7,047	$260,457	0.02%
198	ISHARES TR	464287614	549	$257,063	0.02%
199	ISHARES TR	464287432	2,860	$255,598	0.02%
200	PUBLIC STORAGE OPER CO	PSA-PS	883	$255,055	0.02%
201	FREEPORT-MCMORAN INC	FCX	6,377	$250,106	0.02%
202	MERCADOLIBRE INC	MELI	107	$250,053	0.02%
203	ISHARES TR	464288661	2,045	$244,345	0.02%
204	PROSHARES TR	74348A467	2,349	$242,136	0.02%
205	MERCK & CO INC	MRK	2,883	$241,974	0.02%
206	ARROWMARK FINANCIAL CORP	BANX	10,890	$238,709	0.02%
207	CVR PARTNERS LP	UAN	2,600	$234,312	0.02%
208	SHERWIN WILLIAMS CO	SHW	660	$228,532	0.02%
209	EASTGROUP PPTYS INC	277276101	1,350	$228,501	0.02%
210	EQUINOX GOLD CORP	EQX	19,455	$218,285	0.02%
211	INVESCO EXCH TRADED FD TR II	IVZ	18,757	$217,578	0.02%
212	ISHARES TR	464288687	6,855	$216,755	0.02%
213	DELL TECHNOLOGIES INC	DELL	1,500	$212,655	0.02%
214	SUBURBAN PROPANE PARTNERS L	SPH	11,080	$206,642	0.02%
215	ISHARES TR	464287663	2,061	$205,997	0.02%
216	AMPLIFY ETF TR	032108649	8,695	$200,768	0.02%
217	CALAMOS CONV & HIGH INCOME F	12811P108	17,500	$196,350	0.02%
218	ADVENT CONV & INCOME FD	00764C109	14,302	$182,923	0.02%
219	ABRDN INCOME CREDIT STRATEGI	ACP-PA	27,604	$160,103	0.01%
220	ABRDN TOTAL DYNAMIC DIVIDEND	AOD	15,115	$142,988	0.01%
221	NUVEEN MUN VALUE FD INC	NU	14,839	$133,254	0.01%
222	EATON VANCE SR FLTNG RTE TR	ETN	11,500	$131,560	0.01%
223	CLEARBRIDGE ENERGY MIDSTRM O	18469P118	50,610	$962	0.00%