Institutional Manager · CIK 0001600698
ARMOR ADVISORS, L.L.C.
NEW YORK, NY · File #028-20061
Latest AUM
$111.8M
Positions
14
Top-10 Concentration
93.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | SPDR GOLD TR | 78463V107 | -150,000 | -$53.3M | $0 |
| EXITED | FRANCO NEV CORP | 351858105 | -63,812 | -$14.2M | $0 |
| EXITED | ROYAL GOLD INC | 780287108 | -58,805 | -$11.8M | $0 |
| NEW | ALAMOS GOLD INC NEW | AGI | +248,245 | +$9.6M | $0 |
| EXITED | SPDR S&P 500 ETF TR | 78462F103 | -10,000 | -$6.7M | $0 |
| EXITED | HAFNIA LTD | G4233B109 | -825,376 | -$4.9M | $0 |
| EXITED | FRONTLINE PLC | M46528101 | -210,332 | -$4.8M | $0 |
| NEW | ABRDN PLATINUM ETF TRUST | PPLT | +12,903 | +$2.4M | $0 |
| NEW | SKEENA RES LTD NEW | 83056P715 | +90,400 | +$2.1M | $0 |
| ADD | CRH PLC | CRH | +14,640 | +$1.8M | +$1.0M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202514 pos · $111.8M
- 13F HOLDINGS REPORTQ/E Sep 202516 pos · $179.5M
- 13F HOLDINGS REPORTQ/E Jun 202518 pos · $190.9M
- 13F HOLDINGS REPORTQ/E Mar 202519 pos · $125.5M
- 13F HOLDINGS REPORTQ/E Dec 202413 pos · $96.0M
- 13F HOLDINGS REPORTQ/E Sep 202413 pos · $155.6M
- 13F HOLDINGS REPORTQ/E Jun 202412 pos · $135.9M
- 13F HOLDINGS REPORTQ/E Mar 202414 pos · $164.0M
- 13F HOLDINGS REPORTQ/E Dec 202315 pos · $226.7M
Top 14 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | CRH PLC | CRH | 227,989 | $28.5M | 25.46% |
| 2 | NAVIOS MARITIME PARTNERS L P | NMM | 310,000 | $16.3M | 14.54% |
| 3 | NAVIOS MARITIME PARTNERS L P | NMM | 201,776 | $10.6M | 9.47% |
| 4 | KASPI KZ JSC | 48581R205 | 131,080 | $10.2M | 9.16% |
| 5 | ALAMOS GOLD INC NEW | AGI | 248,245 | $9.6M | 8.57% |
| 6 | ISHARES SILVER TR | SLV | 147,595 | $9.5M | 8.51% |
| 7 | ICON PLC | ICLR | 39,868 | $7.3M | 6.50% |
| 8 | STAR BULK CARRIERS CORP | SBLK | 328,390 | $6.3M | 5.65% |
| 9 | FERGUSON ENTERPRISES INC | FERG | 14,804 | $3.3M | 2.95% |
| 10 | FIRST CTZNS BANCSHARES INC N | 31946M103 | 1,479 | $3.2M | 2.84% |
| 11 | ABRDN PLATINUM ETF TRUST | PPLT | 12,903 | $2.4M | 2.15% |
| 12 | SKEENA RES LTD NEW | 83056P715 | 90,400 | $2.1M | 1.92% |
| 13 | SEABRIDGE GOLD INC | SA | 51,132 | $1.5M | 1.35% |
| 14 | ENDEAVOUR SILVER CORP | EXK | 111,000 | $1.0M | 0.93% |