Q3 2026 13F · SEC CIK 1906202

Hedges Asset Management LLC

Wealth managerFiled 2026-10-29 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $144.0M
Reported positions: 106
Top holdings a year, 3 yrs: +12.4%
Assets under management: $178.0M

Hedges Asset Management LLC is a wealth manager that reported 106 positions worth $144.0M in its Q3 2026 13F, filed 2026-10-29. Its largest holdings were Glacier Bancorp Inc New (GBCI, 9.0%), Ge Aerospace (GE, 4.2%), Boeing Co (BA, 3.6%). 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 106 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. 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	Q2 2026	Shares	Share change	Reported value
GBCIGlacier Bancorp Inc New	9.0%	10.0%	300,712	+1.7%	$13.0M
GEGe Aerospace	4.2%	4.8%	19,425	-0.3%	$6.1M
BABoeing Co	3.6%	3.9%	27,600	+0.0%	$5.1M
SHELShell PLC	3.0%	2.5%	45,200	-6.8%	$4.3M
PSQProshares Tr	2.7%	2.5%	154,400	+1.4%	$3.8M
LUVSouthwest Airls Co	2.5%	2.8%	87,150	+4.5%	$3.6M
BPBp PLC	2.4%	1.8%	78,847	+5.1%	$3.5M
INTCIntel Corp	2.3%	3.1%	27,100	-19.5%	$3.3M
GDXVaneck ETF Trust	2.2%	1.8%	36,350	-0.5%	$3.2M
GLPIGaming & Leisure P	2.1%	2.3%	78,260	+0.0%	$3.0M
CNHICnh Indl N V	2.0%	1.8%	221,750	-6.8%	$2.8M
ARCOArcos Dorados Hldgs Inc	2.0%	1.9%	394,000	+12.6%	$2.8M
PENNPenn Entertainment Inc	1.9%	2.6%	188,900	+0.0%	$2.8M
MTNVail Resorts Inc	1.8%	1.7%	18,550	+0.1%	$2.5M
DOWDow Hldgs Inc	1.6%	1.4%	82,900	+6.3%	$2.3M
IMAXImax Corp	1.6%	1.2%	41,550	-11.9%	$2.3M
LINDLindblad Expeditions Hldgs I	1.6%	1.5%	71,050	-11.0%	$2.2M
BBarrick Mng Corp	1.5%	1.3%	54,550	+0.0%	$2.2M
BCSBarclays PLC	1.5%	1.7%	90,500	-4.2%	$2.2M
HONAHoneywell Aerospace Inc	1.5%	—	13,575	—	$2.1M
NEMNewmont Corp	1.4%	1.1%	18,000	-3.5%	$2.1M
SHProshares Tr	1.4%	1.4%	63,700	-0.8%	$2.1M
PAASPan Amern Silver Corp	1.4%	1.3%	43,065	+0.0%	$2.0M
PHYSSprott Asset Management LP	1.3%	1.2%	61,000	+0.0%	$1.9M
CDECoeur Mng Inc	1.3%	1.2%	108,200	-4.1%	$1.9M
WYNNWynn Resorts Ltd	1.2%	1.2%	22,515	+18.4%	$1.8M
VGKVanguard Ftse Europe ETF	1.2%	1.2%	20,000	-4.8%	$1.7M
ELANElanco Animal Health Inc	1.2%	1.2%	74,500	-0.7%	$1.7M
TGTTarget Corp	1.1%	0.9%	10,550	+3.4%	$1.7M
UPSUnited Parcel Svcs Inc	1.1%	1.2%	17,200	+4.2%	$1.6M
VZVerizon Communications Inc	1.1%	1.1%	34,750	-13.4%	$1.6M
FMCFmc Corp	1.0%	1.4%	169,400	-8.9%	$1.5M
VTRSViatris Inc	1.0%	0.8%	81,000	-0.3%	$1.4M
SLBSlb Limited	1.0%	0.9%	28,700	+0.0%	$1.4M
MRKMerck & Co Inc	1.0%	0.9%	9,500	-9.1%	$1.4M
PPLTAbrdn Platinum ETF Trust	1.0%	0.8%	89,500	+0.0%	$1.4M
TSNTyson Foods Inc	0.9%	0.8%	26,850	+28.8%	$1.4M
CRSPCrispr Therapeutics AG	0.9%	0.9%	24,425	-0.6%	$1.4M
ULUnilever PLC	0.9%	0.9%	22,150	+0.0%	$1.3M
LLoews Corp	0.9%	0.9%	12,700	+0.0%	$1.3M
WYWeyerhaeuser Company Com New REIT	0.9%	1.0%	68,750	+11.3%	$1.3M
IFFInternational Flavors&fragra	0.8%	0.7%	14,300	-0.2%	$1.2M
NVONovo-Nordisk A S	0.8%	1.0%	31,400	+3.3%	$1.2M
MDTMedtronic PLC	0.8%	0.7%	13,550	-3.6%	$1.2M
CVXChevron Corporation	0.8%	—	5,700	—	$1.2M
KHCKraft Heinz Co	0.8%	0.8%	49,050	-6.7%	$1.1M
GTGoodyear Tire & Rubr Co	0.8%	0.9%	221,000	+11.6%	$1.1M
MKCMccormick & Co Inc	0.7%	0.7%	22,300	-0.9%	$1.0M
WFCWells Fargo & Co	0.7%	0.8%	12,750	-17.7%	$1.0M
CNKCinemark Hldgs Inc	0.7%	—	26,950	—	$1.0M

What Hedges Asset Management LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 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, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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
Q3 2026	$144.0M	106
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

Questions about Hedges Asset Management LLC's portfolio

What stocks does Hedges Asset Management LLC own?

Hedges Asset Management LLC's latest 13F, for Q3 2026 and filed Oct 29, 2026, lists 106 positions worth $144.0M. The largest are Glacier Bancorp Inc New (GBCI) at 9.0%, Ge Aerospace (GE) at 4.2%, Boeing Co (BA) at 3.6%, Shell PLC (SHEL) at 3.0% and Proshares Tr (PSQ) at 2.7%.

What did Hedges Asset Management LLC buy last quarter?

In Q3 2026, Hedges Asset Management LLC added Tyson Foods Inc (TSN) (+28.8% shares), Wynn Resorts Ltd (WYNN) (+18.4% shares) and Arcos Dorados Hldgs Inc (ARCO) (+12.6% shares), compared with its Q2 2026 filing.

What did Hedges Asset Management LLC sell last quarter?

In Q3 2026, Hedges Asset Management LLC cut from its top 50 International Business Machs (IBM), cut from its top 50 Ford Mtr Co (F), cut from its top 50 Williams Cos (WMB), Intel Corp (INTC) (-19.5% shares), Wells Fargo & Co (WFC) (-17.7% shares) and Verizon Communications Inc (VZ) (-13.4% shares), compared with its Q2 2026 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 Dec 31, 2026 is due by Feb 14, 2027; 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 $144.0M.