Hedges Asset Management LLC

CIK

1906202

Location

RENO, NV

Portfolio Value

Micro $7,710,887

Diversification

Diversified

Filing Date

Global Rank

#5,126 / 8,420 ▲ 181

Top Industry

Banks - Regional 10.7%

3Y Alpha vs SPY

-1.0%

Period ended 6 months ago

Filed Jan 27, 2026 · 5mo

17 quarters · since Dec 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+70.0%

SPY

+74.2%

Annualised alpha

-1.0%

Max drawdown

−19.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

93 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

10.2%

−1.9 pts

Top 5

26.1%

−3.1 pts

Top 10

37.2%

−3.7 pts

HHI

265

Diversified−51

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Financial Services	18.2%	$23,088,689	8
Industrials	18.1%	$22,965,258	11
Consumer Cyclical	12.3%	$15,620,873	14
Basic Materials	11.1%	$14,055,940	14
Energy	9.8%	$12,418,251	9
Healthcare	7.6%	$9,662,155	12
Technology	6.1%	$7,710,887	8
Communication Services	5.0%	$6,296,041	6
Consumer Defensive	4.1%	$5,261,818	5
Unclassified	4.0%	$5,138,478	4
Real Estate	3.8%	$4,812,234	2

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
FMC	Fmc Corp	+58,800	100,100	$1,388,387
LAC	Lithium Americas Corp.	+20,000	70,000	$305,200
WY	Weyerhaeuser Co	+18,500	55,500	$1,314,795
CNH	CNH Industrial N.V.	+11,500	121,000	$1,115,620
PENN	PENN Entertainment, Inc.	+6,000	182,150	$2,686,712
HON	Honeywell International Inc	+5,725	8,950	$1,746,055
GBCI	Glacier Bancorp, Inc.	+5,000	295,223	$13,004,573
CPB	CAMPBELL'S Co	+4,500	14,000	$390,180
DOW	Dow Inc.	+1,300	82,200	$1,921,836
COP	Conocophillips	+1,000	3,400	$318,274
VTRS	Viatris Inc	+1,000	84,500	$1,052,025
BA	Boeing Co	+950	25,600	$5,558,272
DIS	Walt Disney Co	+700	6,750	$767,947
INSP	Inspire Medical Systems, Inc.	+400	3,900	$359,697
CNK	Cinemark Holdings, Inc.	+300	32,500	$755,300
VZ	Verizon Communications Inc	+300	54,850	$2,234,040
CRSP	CRISPR Therapeutics AG	+275	22,775	$1,194,321
BP	Bp PLC	+211	75,067	$2,607,076
HMC	Honda Motor Co Ltd	+100	15,800	$465,784
SHAK	Shake Shack Inc.	+25	13,050	$1,059,268
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
WBD	Warner Bros. Discovery, Inc.	−66,300	10,000	$288,200
NVST	Envista Holdings Corp	−20,000	20,800	$451,568
PSLV	Sprott Physical Silver Trust	−19,500	12,000	$283,800
GT	Goodyear Tire & Rubber Co /Oh/	−17,000	96,000	$840,960
ARCO	Arcos Dorados Holdings Inc.	−11,200	287,900	$2,113,186
NGD	New Gold Inc. /FI	−10,000	257,500	$2,242,825
B	Barrick Mining Corp	−8,200	52,800	$2,299,440
LYFT	Lyft, Inc.	−7,900	87,600	$1,696,812
KHC	Kraft Heinz Co	−7,025	45,900	$1,113,075
BKD	Brookdale Senior Living Inc.	−5,000	137,000	$1,478,230
PAAS	Pan American Silver Corp	−3,381	44,572	$2,309,275
UBER	Uber Technologies, Inc	−2,400	9,750	$796,672
IFF	International Flavors & Fragrances Inc	−1,900	15,900	$1,071,501
BMY	Bristol Myers Squibb Co	−1,800	16,775	$904,843
WFC	Wells Fargo & Company/Mn	−1,500	16,000	$1,491,200
LIND	Lindblad Expeditions Holdings, Inc.	−1,400	139,900	$2,017,358
GE	General Electric Co	−1,250	21,700	$6,684,251
FIGS	FIGS, Inc.	−1,000	63,500	$721,360
PSKY	Paramount Skydance Corp	−977	12,113	$162,314
LUV	Southwest Airlines Co	−700	90,100	$3,723,833
ELAN	Elanco Animal Health Inc	−500	76,000	$1,719,880
WYNN	Wynn Resorts Ltd	−400	19,015	$2,288,074
SLB	Slb Limited/Nv	−300	34,700	$1,331,786
GEHC	GE HealthCare Technologies Inc.	−300	3,400	$278,868
INTC	Intel Corp	−200	52,400	$1,933,560
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
BCS	Barclays PLC	120,500	$3,066,725
IMAX	Imax Corp	56,500	$2,088,240
UL	Unilever PLC	23,103	$1,510,936
TGT	Target Corp	10,550	$1,031,262
Q	Qnity Electronics, Inc.	5,050	$412,332
EW	Edwards Lifesciences Corp	3,900	$332,475
AA	Alcoa Corp	5,000	$265,700
MBLY	Mobileye Global Inc.	22,000	$229,680
ALB	Albemarle Corp	1,500	$212,160
SGMO	Sangamo Therapeutics, Inc	125,000	$52,500
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
DD	DuPont de Nemours, Inc.	10,400	$338,978
CRWV	CoreWeave, Inc.	2,300	$314,755
GEV	GE Vernova Inc.	500	$307,450
BABA	Alibaba Group Holding Ltd	1,175	$210,007
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

8 positions · $7,710,887 total · Technology only · as of Dec 31, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
INTC	Intel Corp Technology	Reduced	52,400	-200	$1,933,560	+9.6%	25.08%
LYFT	Lyft, Inc. Technology	Reduced	87,600	-7,900	$1,696,812	−19.3%	22.01%
IBM	International Business Machines Corp Technology	Reduced	4,600	-200	$1,362,566	+0.6%	17.67%
NTNX	Nutanix, Inc. Technology	Held	19,100	0	$987,279	−30.5%	12.80%
UBER	Uber Technologies, Inc Technology	Reduced	9,750	-2,400	$796,672	−33.1%	10.33%
Q	Qnity Electronics, Inc. Technology	NEW	5,050	NEW	$412,332	NEW	5.35%
ROG	Rogers Corp Technology	Held	3,800	0	$347,966	+13.8%	4.51%
ERIC	Ericsson Lm Telephone Co Technology	Held	18,000	0	$173,700	+16.7%	2.25%