Q2 2026 13F · SEC CIK 1906202

Hedges Asset Management LLC

Wealth managerFiled 2026-07-27 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $152.4M
Reported positions: 108
Top holdings a year, 3 yrs: +12.4%
Assets under management: $178.0M

Hedges Asset Management LLC is a wealth manager that reported 108 positions worth $152.4M in its Q2 2026 13F, filed 2026-07-27. Its largest holdings were Glacier Bancorp Inc New (GBCI, 10.0%), Ge Aerospace (GE, 4.8%), Boeing Co (BA, 3.9%). A portfolio copying its top holdings returned 12.4% a year over the last 3 years, against 20.4% for the S&P 500.

Hedges Asset Management LLC holdings largest 50 of 108 positions.

Weights are shares of the filer's total reported 13F value, compared with Q4 2025. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Hedges Asset Management LLC 13F holdings
Stock	% of 13F value	Q4 2025	Shares	Share change	Reported value
GBCIGlacier Bancorp Inc New	10.0%	9.2%	295,712	+0.2%	$15.3M
GEGe Aerospace	4.8%	4.7%	19,475	-10.3%	$7.3M
BABoeing Co	3.9%	3.9%	27,600	+7.8%	$6.0M
INTCIntel Corp	3.1%	1.4%	33,650	-35.8%	$4.7M
LUVSouthwest Airls Co	2.8%	2.6%	83,400	-7.4%	$4.3M
PENNPenn Entertainment Inc	2.6%	1.9%	188,900	+3.7%	$4.0M
PSQProshares Tr	2.5%	1.5%	152,200	+122.8%	$3.8M
SHELShell PLC	2.5%	2.9%	48,500	-13.5%	$3.8M
GLPIGaming and Leisure Properties Inc	2.3%	2.5%	78,260	+0.0%	$3.5M
ARCOArcos Dorados Holdings	1.9%	1.5%	349,800	+21.5%	$2.8M
BPBp PLC Sponsored ADR ADR	1.8%	1.8%	75,056	-0.0%	$2.8M
GDXVaneck Gold Miners ETF	1.8%	2.4%	36,550	-8.4%	$2.8M
CNHICnh Indl N V	1.8%	0.8%	238,000	+96.7%	$2.7M
BCSBarclays PLC	1.7%	2.2%	94,500	-21.6%	$2.5M
MTNVail Resorts Inc	1.7%	—	18,525	—	$2.5M
LINDLindblad Expeditions Hldgs I	1.5%	1.4%	79,800	-43.0%	$2.3M
FMCFmc Corp	1.4%	1.0%	185,900	+85.7%	$2.1M
DOWDow Inc.	1.4%	1.4%	78,000	-5.1%	$2.1M
SHProshares Tr	1.4%	1.8%	64,200	-7.0%	$2.1M
BBarrick Mng Corp	1.3%	1.6%	54,550	+3.3%	$2.0M
PAASPan Amern Silver Corp	1.3%	1.6%	43,065	-3.4%	$1.9M
IMAXImax Corp	1.2%	1.5%	47,150	-16.5%	$1.9M
VGKVanguard Intl Equity Index F	1.2%	1.2%	21,000	+0.0%	$1.9M
WYNNWynn Resorts Ltd	1.2%	1.6%	19,015	+0.0%	$1.8M
ELANElanco Animal Health Inc	1.2%	1.2%	75,000	-1.3%	$1.8M
CDECoeur Mng Inc	1.2%	—	112,816	—	$1.8M
PHYSSprott Asset Management LP	1.2%	1.5%	61,000	-6.2%	$1.8M
UPSUnited Parcel Svcs Inc Cl B	1.2%	—	16,500	—	$1.8M
NEMNewmont Corp	1.1%	1.3%	18,650	-1.1%	$1.7M
VZVerizon Communications Inc Com	1.1%	1.6%	40,150	-26.8%	$1.7M
WYWeyerhaeuser Co	1.0%	0.9%	61,750	+11.3%	$1.5M
NVONovo-Nordisk A S	1.0%	—	30,400	—	$1.5M
LLoews Corp	0.9%	0.9%	12,700	+0.0%	$1.4M
MRKMerck & Co. Inc	0.9%	1.0%	10,450	-24.8%	$1.3M
CRSPCRISPR Therapeutics AG	0.9%	0.8%	24,575	+7.9%	$1.3M
SLBSlb Limited	0.9%	0.9%	28,700	-17.3%	$1.3M
TGTTarget Corp Com	0.9%	0.7%	10,200	-3.3%	$1.3M
ULUnilever PLC	0.9%	1.1%	22,150	-4.1%	$1.3M
GTGoodyear Tire & Rubr Co	0.9%	—	198,000	—	$1.3M
VTRSViatris Inc	0.8%	0.7%	81,250	-3.8%	$1.3M
WFCWells Fargo Co New	0.8%	1.1%	15,500	-3.1%	$1.3M
PPLTAbrdn Platinum ETF Trust	0.8%	1.2%	89,500	+847.1%	$1.3M
KHCKraft Heinz Co	0.8%	0.8%	52,550	+14.5%	$1.2M
IBMInternational Business Machs	0.8%	1.0%	4,300	-6.5%	$1.2M
FFord Mtr Co	0.8%	0.9%	86,400	-7.8%	$1.2M
TSNTyson Foods Inc	0.8%	0.9%	20,850	+0.5%	$1.2M
IFFInternational Flavors&fragra	0.7%	0.8%	14,325	-9.9%	$1.1M
MKCMccormick & Co Inc	0.7%	—	22,500	—	$1.1M
WMBWilliams Companies	0.7%	0.8%	14,900	-19.0%	$1.1M
MDTMedtronic PLC	0.7%	—	14,050	—	$1.1M

What Hedges Asset Management LLC bought and sold in Q2 2026, against Q4 2025.

New positions

Q4 2025's filing was too long to tell new positions apart.

Added to

PPLT Abrdn Platinum ETF Trust+847.1% shares
PSQ Proshares Tr+122.8% shares
CNHI Cnh Indl N V+96.7% shares
FMC Fmc Corp+85.7% shares
ARCO Arcos Dorados Holdings+21.5% shares
KHC Kraft Heinz Co+14.5% shares
WY Weyerhaeuser Co+11.3% shares
CRSP CRISPR Therapeutics AG+7.9% shares

Reduced

LIND Lindblad Expeditions Hldgs I-43.0% shares
INTC Intel Corp-35.8% shares
VZ Verizon Communications Inc Com-26.8% shares
MRK Merck & Co. Inc-24.8% shares
BCS Barclays PLC-21.6% shares
WMB Williams Companies-19.0% shares
SLB Slb Limited-17.3% shares
IMAX Imax Corp-16.5% shares

Left the top 50

Share counts compared with the Q4 2025 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.6% /yr; S&P 500 +20.1%
3 years: +12.4% /yr; S&P 500 +20.4%
5 years: +3.9% /yr; S&P 500 +13.0%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$152.4M	108
Q4 2025	$141.8M	108
Q3 2025	$130.6M	102
Q2 2025	$124.5M	101
Q1 2025	$152.2M	108
Q4 2024	$151.5M	110
Q3 2024	$151.1M	112
Q2 2024	$139.3M	111
Q1 2024	$142.7M	113
Q4 2023	$128.0M	106
Q3 2023	$114.5M	107
Q2 2023	$118.0M	106

Questions about Hedges Asset Management LLC's portfolio

What stocks does Hedges Asset Management LLC own?

Hedges Asset Management LLC's latest 13F, for Q2 2026 and filed Jul 27, 2026, lists 108 positions worth $152.4M. The largest are Glacier Bancorp Inc New (GBCI) at 10.0%, Ge Aerospace (GE) at 4.8%, Boeing Co (BA) at 3.9%, Intel Corp (INTC) at 3.1% and Southwest Airls Co (LUV) at 2.8%.

What did Hedges Asset Management LLC buy last quarter?

In Q2 2026, Hedges Asset Management LLC added Abrdn Platinum ETF Trust (PPLT) (+847.1% shares), Proshares Tr (PSQ) (+122.8% shares) and Cnh Indl N V (CNHI) (+96.7% shares), compared with its Q4 2025 filing.

What did Hedges Asset Management LLC sell last quarter?

In Q2 2026, Hedges Asset Management LLC cut from its top 50 New Gold Inc Cda (NGD), cut from its top 50 Honeywell Intl Inc (HON), cut from its top 50 Lyft Inc (LYFT), cut from its top 50 Chevron Corp New (CVX), cut from its top 50 Fedex Corp (FDX), Lindblad Expeditions Hldgs I (LIND) (-43.0% shares), Intel Corp (INTC) (-35.8% shares) and Verizon Communications Inc Com (VZ) (-26.8% shares), compared with its Q4 2025 filing.

How has Hedges Asset Management LLC's portfolio performed?

A portfolio copying Hedges Asset Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +14.6% against +20.1%. Over 5 years: +3.9% a year against +13.0%.

When is Hedges Asset Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Hedges Asset Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Hedges Asset Management LLC manage?

Hedges Asset Management LLC reported $178.0M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $152.4M.