Herr Investment Group LLC

Adviser

CIK

1922235

Location

Austin, TX

Portfolio Value

Mid $1,496,094,378

Diversification

Moderately concentrated

Filing Date

Global Rank

#1,476 / 7,436 ▲ 2131 · as of Jun 2024

Top Industry

Consumer Electronics 48.7%

3Y Alpha vs SPY

-12.3%

Period ended 2 years ago

Filed Aug 12, 2024 · 2y

7 quarters · since Dec 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Adviser

Schedule 13G, Sep 16, 2024

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

No stake currently held at or above 5%.

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 1 exited, below-5% or retired stake

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 52.4%, 24.6 effective positions, active share 96.9% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

75.0% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 5.0 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 96.9%; sector active share 56.7% against the combined 13F book's sector weights.

Over time 7 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

67 tracked positions · as of Jun 30, 2024 · Δ vs Mar 31, 2024

Top Position

32.2%

+23.8 pts

Top 5

75.9%

+41.6 pts

Top 10

84.8%

+27.0 pts

HHI

1,910

Moderately concentrated+1,474

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2024

Sector	% Portfolio	Value	Positions
Unclassified	44.4%	$664,216,211	18
Technology	28.0%	$419,039,114	3
Consumer Cyclical	11.7%	$175,145,795	3
Basic Materials	4.7%	$69,953,889	12
Consumer Defensive	3.7%	$54,731,112	3
Energy	2.8%	$42,625,680	10
Financial Services	2.2%	$32,367,090	6
Real Estate	1.6%	$24,461,554	8
Healthcare	0.6%	$9,409,487	2
Industrials	0.3%	$4,144,446	2

Last Quarter's Activity

Export CSV

Jun 30, 2024 vs Mar 31, 2024

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
—		+1,499,745	5,210,363	$10,160,208
MYO	Myomo, Inc.	+1,200,244	2,846,071	$9,135,887
NAK	Northern Dynasty Minerals Ltd	+999,891	10,330,688	$3,202,513
EQX	Equinox Gold Corp.	+895,361	2,325,521	$12,162,474
AGRO	Adecoagro S.A.	+616,345	2,649,555	$25,780,170
MOS	Mosaic Co	+308,792	332,209	$9,600,840
DOC	Healthpeak Properties, Inc.	+130,488	170,488	$3,341,564
VAL	Valaris Ltd	+130,236	235,822	$17,568,739
MLP	Maui Land & Pineapple Co Inc	+106,784	526,386	$11,606,811
PPTA	Perpetua Resources Corp.	+80,000	1,450,498	$7,542,589
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
THM	International Tower Hill Mines Ltd	−274,519	1,777,727	$871,086
PPLT	abrdn Platinum ETF Trust	−271,370	101,485	$9,282,832
DLY	DoubleLine Yield Opportunities Fund	−223,305	382,782	$6,040,299
DSL	DoubleLine Income Solutions Fund	−190,516	370,799	$4,642,403
RRC	Range Resources Corp	−162,776	334,835	$11,227,017
DBL	DoubleLine Opportunistic Credit Fund	−121,218	283,066	$4,347,893
WRN	Western Copper & Gold Corp	−115,067	1,552,749	$1,785,661
AGI	Alamos Gold Inc	−100,000	735,795	$11,537,265
AEM	Agnico Eagle Mines Ltd	−83,325	210,565	$13,770,951
AR	ANTERO RESOURCES Corp	−10,000	25,000	$815,750
LINC	Lincoln Educational Services Corp	−6,442	2,349,295	$27,862,638
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−3,939	484,669	$28,105,955
TOTL	State Street(R) DoubleLine(R) Total Return Tactical ETF	−3,686	199,562	$7,926,602
PPC	Pilgrims Pride Corp	−3,000	28,275	$1,088,304
SHY	iShares 1-3 Year Treasury Bond ETF	−2,000	9,891	$807,600
STNG	Scorpio Tankers Inc.	−1,700	8,744	$710,799
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
RELY	Remitly Global, Inc.	766,048	$9,284,501
BOXX	Alpha Architect 1-3 Month Box ETF	84,429	$9,102,712
VALE	Vale S.A.	742,400	$8,292,608
NE	Noble Corp plc	155,000	$6,920,750
SIVR	abrdn Silver ETF Trust	156,000	$4,343,040
SMHI	SEACOR Marine Holdings Inc.	247,357	$3,336,845
MAA	Mid America Apartment Communities Inc.	18,919	$2,698,038
CPT	Camden Property Trust	24,546	$2,678,214
ARE	Alexandria Real Estate Equities, Inc.	21,011	$2,457,656
CSANY	Cosan S.A.	225,000	$2,191,500
CVE	Cenovus Energy Inc.	50,000	$983,000
CRESY	Cresud Inc	99,860	$807,601
GENK	GEN Restaurant Group, Inc.	81,452	$737,955
MSOS	AdvisorShares Pure US Cannabis ETF	75,000	$549,750
NEM	NEWMONT Corp	10,000	$418,700
TRMD	TORM plc	10,000	$387,700
LGO	Largo Inc.	200,025	$370,046
INMD	InMode Ltd.	15,000	$273,600
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
SEB	Seaboard Corp	6,425	$20,713,685
TUA	Simplify Short Term Treasury Futures Strategy ETF	535,395	$11,709,088
OKLO	Oklo Inc.	100,272	$1,145,106
ARIS	Aris Mining Corp	186,000	$669,600
TGB	Trekor Metals Ltd	150,000	$325,500
PAYS	Paysign, Inc.	48,857	$178,816
NVAX	Novavax Inc	10,000	$47,800
AMZN	Amazon Com Inc	140	$25,253
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

67 tracked positions · $1,496,094,378 total · filing declares 71 positions · $1,500,483,780 · as of Jun 30, 2024

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

Showing 1–50 of 67 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SMH	VanEck Semiconductor ETF PUT	Added	1,699,400	+758,300	$443,033,580	+27644.5%	—	—	29.61%
AAPL	Apple Inc. PUT Technology	Added	1,924,700	+23,000	$405,380,314	+3167.5%	—	—	27.10%
CMG	Chipotle Mexican Grill Inc PUT Consumer Cyclical	Added	2,240,000	+2,231,000	$140,336,000	+14271.3%	—	—	9.38%
SLV	iShares Silver Trust CALL + SHARES	Reduced	2,377,224	-6,157,300	$63,162,841	+210.3%	7	before history	4.22%
XLY	State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF PUT	Added	250,000	+200,000	$45,600,000	+25590.1%	—	—	3.05%
DECK	Deckers Outdoor Corp PUT Consumer Cyclical	Added	35,200	+27,200	$34,071,840	+10016.3%	—	—	2.28%
GDX	VanEck Gold Miners ETF PUT CALL	Reduced	1,001,000	-2,061,200	$33,963,930	+161.0%	—	—	2.27%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Reduced	484,669	-3,939	$28,105,955	−0.9%	7	before history	1.88%
LINC	Lincoln Educational Services Corp Consumer Defensive	Reduced	2,349,295	-6,442	$27,862,638	+14.5%	7	before history	1.86%
AGRO	Adecoagro S.A. Consumer Defensive	Added	2,649,555	+616,345	$25,780,170	+15.1%	7	before history	1.72%
VAL	Valaris Ltd Energy	Added	235,822	+130,236	$17,568,739	+121.1%	3	$70.68	1.17%
MUFG	Mitsubishi Ufj Financial Group Inc Financial Services	Held	1,410,464	0	$15,233,011	+5.6%	6	$7.74	1.02%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	210,565	-83,325	$13,770,951	−21.4%	7	before history	0.92%
EQX	Equinox Gold Corp. Basic Materials	Added	2,325,521	+895,361	$12,162,474	+41.3%	7	before history	0.81%
MLP	Maui Land & Pineapple Co Inc Real Estate	Added	526,386	+106,784	$11,606,811	+27.7%	4	$16.87	0.78%
AGI	Alamos Gold Inc Basic Materials	Reduced	735,795	-100,000	$11,537,265	−6.4%	7	before history	0.77%
RRC	Range Resources Corp Energy	Reduced	334,835	-162,776	$11,227,017	−34.5%	3	$30.96	0.75%
		Added	5,210,363	+1,499,745	$10,160,208	+61.1%	7	before history	0.68%
MOS	Mosaic Co Basic Materials	Added	332,209	+308,792	$9,600,840	+1163.1%	4	$30.71	0.64%
RELY	Remitly Global, Inc. Technology	NEW	766,048	NEW	$9,284,501	NEW	1	$15.51	0.62%
PPLT	abrdn Platinum ETF Trust	Reduced	101,485	-271,370	$9,282,832	−70.2%	7	before history	0.62%
MYO	Myomo, Inc. Healthcare	Added	2,846,071	+1,200,244	$9,135,887	+69.8%	4	$2.57	0.61%
BOXX	Alpha Architect 1-3 Month Box ETF	NEW	84,429	NEW	$9,102,712	NEW	1	unpriced	0.61%
VALE	Vale S.A. Basic Materials	NEW	742,400	NEW	$8,292,608	NEW	1	$12.03	0.55%
TOTL	State Street(R) DoubleLine(R) Total Return Tactical ETF	Reduced	199,562	-3,686	$7,926,602	−2.6%	7	before history	0.53%
PPTA	Perpetua Resources Corp. Basic Materials	Added	1,450,498	+80,000	$7,542,589	+32.3%	2	$3.44	0.50%
NE	Noble Corp plc Energy	NEW	155,000	NEW	$6,920,750	NEW	1	$46.22	0.46%
DLY	DoubleLine Yield Opportunities Fund Financial Services	Reduced	382,782	-223,305	$6,040,299	−37.5%	7	before history	0.40%
DSL	DoubleLine Income Solutions Fund Financial Services	Reduced	370,799	-190,516	$4,642,403	−34.9%	7	before history	0.31%
GDXJ	VanEck Junior Gold Miners ETF CALL	Reduced	105,000	-490,000	$4,422,600	+55.5%	—	—	0.30%
MSFT	Microsoft Corp Technology	Held	9,787	0	$4,374,299	+6.2%	7	before history	0.29%
DBL	DoubleLine Opportunistic Credit Fund Financial Services	Reduced	283,066	-121,218	$4,347,893	−30.3%	7	before history	0.29%
SIVR	abrdn Silver ETF Trust	NEW	156,000	NEW	$4,343,040	NEW	1	$27.53	0.29%
DOC	Healthpeak Properties, Inc. Real Estate	Added	170,488	+130,488	$3,341,564	+345.5%	3	$18.74	0.22%
SMHI	SEACOR Marine Holdings Inc. Industrials	NEW	247,357	NEW	$3,336,845	NEW	1	$13.02	0.22%
NAK	Northern Dynasty Minerals Ltd Basic Materials	Added	10,330,688	+999,891	$3,202,513	+7.3%	2	$0.28	0.21%
MAA	Mid America Apartment Communities Inc. Real Estate	NEW	18,919	NEW	$2,698,038	NEW	1	$133.69	0.18%
CPT	Camden Property Trust Real Estate	NEW	24,546	NEW	$2,678,214	NEW	1	$103.29	0.18%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	NEW	21,011	NEW	$2,457,656	NEW	1	$119.19	0.16%
CSANY	Cosan S.A. Energy	NEW	225,000	NEW	$2,191,500	NEW	1	$10.84	0.15%
SCJ	iShares MSCI Japan Small-Cap ETF	Held	29,771	0	$2,113,741	−5.3%	7	before history	0.14%
WRN	Western Copper & Gold Corp Basic Materials	Reduced	1,552,749	-115,067	$1,785,661	−30.0%	2	$1.25	0.12%
TDW	Tidewater Inc Energy	Held	12,500	0	$1,190,125	+3.5%	7	before history	0.08%
PPC	Pilgrims Pride Corp Consumer Defensive	Reduced	28,275	-3,000	$1,088,304	+1.4%	3	$25.55	0.07%
HGBL	Heritage Global Inc. Financial Services	Held	432,900	0	$1,064,934	−6.8%	3	$2.94	0.07%
PGR	Progressive Corp Financial Services	Held	5,000	0	$1,038,550	+0.4%	4	$131.54	0.07%
CVE	Cenovus Energy Inc. Energy	NEW	50,000	NEW	$983,000	NEW	1	$20.22	0.07%
JOE	ST JOE Co Real Estate	Held	16,000	0	$875,200	−5.6%	2	$55.21	0.06%
THM	International Tower Hill Mines Ltd Basic Materials	Reduced	1,777,727	-274,519	$871,086	−38.5%	2	$0.60	0.06%
AR	ANTERO RESOURCES Corp Energy	Reduced	25,000	-10,000	$815,750	−19.6%	5	$22.21	0.05%

Showing the top 50 of 67 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.