13F HOLDINGS REPORT
Hedges Asset Management LLC
Quarter ended Q4 2025 · Filed January 27, 2026 · Accession 0002085853-26-000100
Total Value
$141.8M
Positions
108
Other Managers
0
Confidential Omitted
No
Holdings (108)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | GLACIER BANCORP INC NEW | GBCI | 295,223 | $13.0M | 9.17% |
| 2 | GE AEROSPACE | 369604301 | 21,700 | $6.7M | 4.71% |
| 3 | BOEING CO | BA-PA | 25,600 | $5.6M | 3.92% |
| 4 | SHELL PLC | RYDAF | 56,100 | $4.1M | 2.91% |
| 5 | SOUTHWEST AIRLS CO | 844741108 | 90,100 | $3.7M | 2.63% |
| 6 | GAMING & LEISURE PPTYS INC | 36467J108 | 78,260 | $3.5M | 2.47% |
| 7 | VANECK ETF TRUST | 92189F106 | 39,900 | $3.4M | 2.41% |
| 8 | BARCLAYS PLC | BCLYF | 120,500 | $3.1M | 2.16% |
| 9 | PENN ENTERTAINMENT INC | PENN | 182,150 | $2.7M | 1.89% |
| 10 | BP PLC | BPPFF | 75,067 | $2.6M | 1.84% |
| 11 | PROSHARES TR | 74349Y753 | 69,000 | $2.5M | 1.75% |
| 12 | PAN AMERN SILVER CORP | 697900108 | 44,572 | $2.3M | 1.63% |
| 13 | BARRICK MNG CORP | 06849F108 | 52,800 | $2.3M | 1.62% |
| 14 | WYNN RESORTS LTD | WYNN | 19,015 | $2.3M | 1.61% |
| 15 | NEW GOLD INC CDA | 644535106 | 257,500 | $2.2M | 1.58% |
| 16 | VERIZON COMMUNICATIONS INC | VZ | 54,850 | $2.2M | 1.58% |
| 17 | SPROTT ASSET MANAGEMENT LP | SII | 65,000 | $2.1M | 1.51% |
| 18 | ARCOS DORADOS HOLDINGS INC | ARCO | 287,900 | $2.1M | 1.49% |
| 19 | IMAX CORP | IMAX | 56,500 | $2.1M | 1.47% |
| 20 | PROSHARES TR | 74349Y837 | 68,300 | $2.1M | 1.45% |
| 21 | LINDBLAD EXPEDITIONS HLDGS I | LIND | 139,900 | $2.0M | 1.42% |
| 22 | INTEL CORP | INTC | 52,400 | $1.9M | 1.36% |
| 23 | DOW INC | DOW | 82,200 | $1.9M | 1.36% |
| 24 | NEWMONT CORP | NEMCL | 18,850 | $1.9M | 1.33% |
| 25 | ABRDN PLATINUM ETF TRUST | PPLT | 9,450 | $1.8M | 1.24% |
| 26 | VANGUARD INTL EQUITY INDEX F | 922042874 | 21,000 | $1.8M | 1.24% |
| 27 | HONEYWELL INTL INC | 438516106 | 8,950 | $1.7M | 1.23% |
| 28 | ELANCO ANIMAL HEALTH INC | ELAN | 76,000 | $1.7M | 1.21% |
| 29 | LYFT INC | LYFT | 87,600 | $1.7M | 1.20% |
| 30 | CHEVRON CORP NEW | CVX | 11,100 | $1.7M | 1.19% |
| 31 | FEDEX CORP | FDX | 5,750 | $1.7M | 1.17% |
| 32 | UNILEVER PLC | UNLYF | 23,103 | $1.5M | 1.07% |
| 33 | WELLS FARGO CO NEW | 949746101 | 16,000 | $1.5M | 1.05% |
| 34 | BROOKDALE SR LIVING INC | 112463104 | 137,000 | $1.5M | 1.04% |
| 35 | MERCK & CO INC | MRK | 13,900 | $1.5M | 1.03% |
| 36 | FMC CORP | FMC | 100,100 | $1.4M | 0.98% |
| 37 | INTERNATIONAL BUSINESS MACHS | INTR | 4,600 | $1.4M | 0.96% |
| 38 | LOEWS CORP | L | 12,700 | $1.3M | 0.94% |
| 39 | SLB LIMITED | SLB | 34,700 | $1.3M | 0.94% |
| 40 | WEYERHAEUSER CO MTN BE | WY | 55,500 | $1.3M | 0.93% |
| 41 | FORD MTR CO | 345370860 | 93,700 | $1.2M | 0.87% |
| 42 | TYSON FOODS INC | TSN | 20,750 | $1.2M | 0.86% |
| 43 | CRISPR THERAPEUTICS AG | CRSP | 22,775 | $1.2M | 0.84% |
| 44 | CNH INDL N V | N20944109 | 121,000 | $1.1M | 0.79% |
| 45 | KRAFT HEINZ CO | KHC | 45,900 | $1.1M | 0.78% |
| 46 | WILLIAMS COS INC | 969457100 | 18,400 | $1.1M | 0.78% |
| 47 | INTERNATIONAL FLAVORS&FRAGRA | 459506101 | 15,900 | $1.1M | 0.76% |
| 48 | SHAKE SHACK INC | SHAK | 13,050 | $1.1M | 0.75% |
| 49 | VIATRIS INC | VTRS | 84,500 | $1.1M | 0.74% |
| 50 | TARGET CORP | TGT | 10,550 | $1.0M | 0.73% |
| 51 | UNITED PARCEL SERVICE INC | UPS | 10,000 | $991,900 | 0.70% |
| 52 | NUTANIX INC | NTNX | 19,100 | $987,279 | 0.70% |
| 53 | SCHWAB CHARLES CORP | SCHW-PJ | 9,400 | $939,154 | 0.66% |
| 54 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 16,775 | $904,844 | 0.64% |
| 55 | PROSHARES TR | 74347B235 | 37,450 | $879,701 | 0.62% |
| 56 | GOODYEAR TIRE & RUBR CO | 382550101 | 96,000 | $840,960 | 0.59% |
| 57 | BANK AMERICA CORP | 060505104 | 14,900 | $819,500 | 0.58% |
| 58 | ISHARES SILVER TR | SLV | 12,500 | $805,250 | 0.57% |
| 59 | SOCIEDAD QUIMICA Y MINERA DE | 833635105 | 11,700 | $804,960 | 0.57% |
| 60 | UBER TECHNOLOGIES INC | UBER | 9,750 | $796,673 | 0.56% |
| 61 | ISHARES TR | 464289180 | 21,000 | $778,890 | 0.55% |
| 62 | DISNEY WALT CO | 254687106 | 6,750 | $767,948 | 0.54% |
| 63 | CINEMARK HLDGS INC | CNK | 32,500 | $755,300 | 0.53% |
| 64 | FIGS INC | FIGS | 63,500 | $721,360 | 0.51% |
| 65 | MGM RESORTS INTERNATIONAL | MGM | 18,700 | $682,363 | 0.48% |
| 66 | NUTRIEN LTD | NTR | 10,400 | $641,888 | 0.45% |
| 67 | 3M CO | MMM | 3,800 | $608,380 | 0.43% |
| 68 | ADVISORSHARES TR | 00768Y453 | 128,000 | $604,160 | 0.43% |
| 69 | DUTCH BROS INC | BROS | 8,600 | $526,492 | 0.37% |
| 70 | WHEATON PRECIOUS METALS CORP | WPM | 4,000 | $470,080 | 0.33% |
| 71 | HELMERICH & PAYNE INC | HP | 16,300 | $467,484 | 0.33% |
| 72 | HONDA MOTOR LTD | HNDAF | 15,800 | $465,784 | 0.33% |
| 73 | AIRBNB INC | ABNB | 3,350 | $454,662 | 0.32% |
| 74 | ENVISTA HOLDINGS CORPORATION | NVST | 20,800 | $451,568 | 0.32% |
| 75 | ISHARES TR | 464287861 | 6,500 | $445,900 | 0.31% |
| 76 | ISHARES TR | 464287184 | 11,400 | $436,506 | 0.31% |
| 77 | CAMECO CORP | CCJ | 4,700 | $430,003 | 0.30% |
| 78 | QNITY ELECTRONICS INC | Q | 5,050 | $412,335 | 0.29% |
| 79 | KRANESHARES TRUST | 500767306 | 11,800 | $401,790 | 0.28% |
| 80 | THE CAMPBELLS COMPANY | CPB | 14,000 | $390,180 | 0.28% |
| 81 | MEDTRONIC PLC | MDT | 3,900 | $374,634 | 0.26% |
| 82 | INSPIRE MED SYS INC | 457730109 | 3,900 | $359,698 | 0.25% |
| 83 | WISDOMTREE TR | WT | 5,000 | $359,178 | 0.25% |
| 84 | ROGERS CORP | ROG | 3,800 | $347,966 | 0.25% |
| 85 | KINDER MORGAN INC DEL | EP-PC | 12,500 | $343,625 | 0.24% |
| 86 | VANGUARD INTL EQUITY INDEX F | 922042775 | 4,600 | $338,376 | 0.24% |
| 87 | EDWARDS LIFESCIENCES CORP | EW | 3,900 | $332,475 | 0.23% |
| 88 | WABTEC | 929740108 | 1,550 | $330,848 | 0.23% |
| 89 | ETFS GOLD TR | 00326A104 | 8,000 | $328,640 | 0.23% |
| 90 | CONOCOPHILLIPS | COP | 3,400 | $318,274 | 0.22% |
| 91 | MCDONALDS CORP | MCD | 1,000 | $305,630 | 0.22% |
| 92 | LITHIUM AMERS CORP NEW | LTUM | 70,000 | $305,200 | 0.22% |
| 93 | GRANITE CONSTR INC | GVA | 2,500 | $288,375 | 0.20% |
| 94 | WARNER BROS DISCOVERY INC | WBD | 10,000 | $288,200 | 0.20% |
| 95 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,500 | $287,340 | 0.20% |
| 96 | SPROTT ASSET MANAGEMENT LP | SII | 12,000 | $283,800 | 0.20% |
| 97 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 3,400 | $278,868 | 0.20% |
| 98 | ALCOA CORP | AA | 5,000 | $265,700 | 0.19% |
| 99 | ISHARES TR | 464287234 | 4,700 | $257,137 | 0.18% |
| 100 | DELTA AIR LINES INC DEL | DAL | 3,700 | $256,780 | 0.18% |
| 101 | VANGUARD TAX-MANAGED FDS | 921943858 | 4,000 | $249,880 | 0.18% |
| 102 | FRANCO NEV CORP | FNV | 1,200 | $248,736 | 0.18% |
| 103 | CORTEVA INC | CTVA | 3,500 | $234,605 | 0.17% |
| 104 | MOBILEYE GLOBAL INC | MBLY | 22,000 | $229,680 | 0.16% |
| 105 | ALBEMARLE CORP | ALB-PA | 1,500 | $212,160 | 0.15% |
| 106 | TELEFONAKTIEBOLAGET LM ERICS | 294821608 | 18,000 | $173,700 | 0.12% |
| 107 | PARAMOUNT SKYDANCE CORP | PSKY | 12,113 | $162,315 | 0.11% |
| 108 | SANGAMO THERAPEUTICS INC | SGMO | 125,000 | $52,500 | 0.04% |