Q3 2025 · 13F-HR
ARMOR ADVISORS, L.L.C.holdings as filed
Filed 2025-11-10 · accession 0001600698-25-000016
$179.5M
Reported value
16
Positions
2025-09-30
Period end
The Brief · ARMOR ADVISORS, L.L.C. · Q3 2025
AI · grounded in 13F
ARMOR ADVISORS, L.L.C. closed its position in HYG, reducing its holdings by $8.06M. The fund also exited its position in BIDU, which resulted in a $3.6M decrease. On the buy side, the fund increased its shares of SLV by 69.39% and GLD by 7.14%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78463V107 | GLD | SPDR GOLD TR | $53.3M | 29.7% | 150,000 | PUT | SOLE |
| G25508105 | CRH | CRH PLC | $25.6M | 14.3% | 213,349 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $14.2M | 7.93% | 63,812 | Common | SOLE |
| Y62267409 | NMM | NAVIOS MARITIME PARTNERS L P | $14.0M | 7.78% | 310,000 | CALL | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $11.8M | 6.57% | 58,805 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $9.5M | 5.27% | 115,880 | Common | SOLE |
| Y62267409 | NMM | NAVIOS MARITIME PARTNERS L P | $9.1M | 5.06% | 201,776 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $6.8M | 3.80% | 38,934 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $6.7M | 3.71% | 10,000 | PUT | SOLE |
| Y8162K204 | SBLK | STAR BULK CARRIERS CORP | $6.1M | 3.40% | 328,390 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $5.2M | 2.91% | 123,277 | Common | SOLE |
| G4233B109 | HAFNIO | HAFNIA LTD | $4.9M | 2.75% | 825,376 | Common | SOLE |
| M46528101 | FRO | FRONTLINE PLC | $4.8M | 2.67% | 210,332 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $3.5M | 1.93% | 15,386 | Common | SOLE |
| 31946M103 | FCNCA | FIRST CTZNS BANCSHARES INC N | $2.7M | 1.53% | 1,537 | Common | SOLE |
| 811916105 | SA | SEABRIDGE GOLD INC | $1.3M | 0.72% | 53,142 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.