Hedges Asset Management LLC quarter change: USA Stocks, Reduced
In share positions in stocks (listed in the US), from the quarter ended 2025-12-31 to 2026-06-30, Hedges Asset Management LLC opened 12 positions, added to 21, reduced 44, sold out of 12 and left 7 unchanged. The largest increase in value was INTC (+$2,764,990); the largest decrease was NGD (-$2,242,825).
- INTC: Country of operation United States; Class COM; Shares 2025-12-31 52,400; Shares 2026-06-30 33,650.
- LYFT: Country of operation United States; Class CL A COM; Shares 2025-12-31 87,600; Shares 2026-06-30 39,600.
- FDX: Country of operation United States; Class COM; Shares 2025-12-31 5,750; Shares 2026-06-30 2,350.
- CVX: Country of operation United States; Class COM; Shares 2025-12-31 11,100; Shares 2026-06-30 5,950.
Two Form 13F-HR filings compared (SEC CIK 1906202): 2025-12-31 (filed 2026-01-27) and 2026-06-30 (filed 2026-07-27). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2025-12-31 | Shares 2026-06-30 | Share change | Value 2025-12-31 | Value 2026-06-30 | Value change |
|---|
INTC
INTEL CORP | United States | COM | 52,400 | 33,650 | -18,750 | $1,933,560 | $4,698,550 | +$2,764,990 |
|---|
LYFT
LYFT INC | United States | CL A COM | 87,600 | 39,600 | -48,000 | $1,696,812 | $578,556 | -$1,118,256 |
|---|
FDX
FEDEX CORP | United States | COM | 5,750 | 2,350 | -3,400 | $1,660,945 | $735,856 | -$925,089 |
|---|
CVX
CHEVRON CORPORATION | United States | COM | 11,100 | 5,950 | -5,150 | $1,691,751 | $986,272 | -$705,479 |
|---|
GE
GE AEROSPACE | United States | COM NEW | 21,700 | 19,475 | -2,225 | $6,684,251 | $7,278,392 | +$594,141 |
|---|
LUV
SOUTHWEST AIRLS CO | United States | COM | 90,100 | 83,400 | -6,700 | $3,723,833 | $4,288,428 | +$564,595 |
|---|
VZ
VERIZON COMMUNICATIONS INC | United States | COM | 54,850 | 40,150 | -14,700 | $2,234,041 | $1,699,951 | -$534,090 |
|---|
PAAS
PAN AMERN SILVER CORP | | COM | 44,572 | 43,065 | -1,507 | $2,309,276 | $1,928,881 | -$380,395 |
|---|
PHYS
SPROTT ASSET MANAGEMENT LP | Canada | PHYSICAL GOLD TR | 65,000 | 61,000 | -4,000 | $2,146,300 | $1,840,370 | -$305,930 |
|---|
TGT
TARGET CORP | United States | COM | 10,550 | 10,200 | -350 | $1,031,263 | $1,332,222 | +$300,959 |
|---|
VTRS
VIATRIS INC | United States | COM | 84,500 | 81,250 | -3,250 | $1,052,025 | $1,290,250 | +$238,225 |
|---|
LIND
LINDBLAD EXPEDITIONS HLDGS I | United States | COM | 139,900 | 79,800 | -60,100 | $2,017,358 | $2,253,552 | +$236,194 |
|---|
DOW
DOW HLDGS INC | United States | COM | 82,200 | 78,000 | -4,200 | $1,921,836 | $2,134,080 | +$212,244 |
|---|
WFC
WELLS FARGO & CO | United States | COM | 16,000 | 15,500 | -500 | $1,491,200 | $1,280,920 | -$210,280 |
|---|
IMAX
IMAX CORP | | COM | 56,500 | 47,150 | -9,350 | $2,088,240 | $1,879,399 | -$208,841 |
|---|
CPB
THE CAMPBELLS COMPANY | United States | COM | 14,000 | 9,250 | -4,750 | $390,180 | $205,998 | -$184,182 |
|---|
IBM
INTERNATIONAL BUSINESS MACHS | United States | COM | 4,600 | 4,300 | -300 | $1,362,566 | $1,209,203 | -$153,363 |
|---|
WPM
WHEATON PRECIOUS METALS CORP | | COM | 4,000 | 2,900 | -1,100 | $470,080 | $325,728 | -$144,352 |
|---|
NEM
NEWMONT CORP | United States | COM | 18,850 | 18,650 | -200 | $1,882,173 | $1,741,910 | -$140,263 |
|---|
SCHW
SCHWAB CHARLES CORP | United States | COM | 9,400 | 8,700 | -700 | $939,154 | $802,749 | -$136,405 |
|---|
ELAN
ELANCO ANIMAL HEALTH INC | United States | COM | 76,000 | 75,000 | -1,000 | $1,719,880 | $1,845,750 | +$125,870 |
|---|
MRK
MERCK & CO INC | United States | COM | 13,900 | 10,450 | -3,450 | $1,463,114 | $1,342,825 | -$120,289 |
|---|
CNK
CINEMARK HLDGS INC | United States | COM | 32,500 | 27,200 | -5,300 | $755,300 | $863,056 | +$107,756 |
|---|
HP
HELMERICH & PAYNE INC | United States | COM | 16,300 | 11,200 | -5,100 | $467,484 | $366,688 | -$100,796 |
|---|
MGM
MGM RESORTS INTERNATIONAL | United States | COM | 18,700 | 16,000 | -2,700 | $682,363 | $764,960 | +$82,597 |
|---|
ROG
ROGERS CORP | United States | COM | 3,800 | 2,625 | -1,175 | $347,966 | $429,791 | +$81,825 |
|---|
IFF
INTERNATIONAL FLAVORS&FRAGRA | United States | COM | 15,900 | 14,325 | -1,575 | $1,071,502 | $1,134,827 | +$63,325 |
|---|
WAB
WABTEC | United States | COM | 1,550 | 1,000 | -550 | $330,848 | $269,600 | -$61,248 |
|---|
CCJ
CAMECO CORP | | COM | 4,700 | 3,700 | -1,000 | $430,003 | $376,882 | -$53,121 |
|---|
DAL
DELTA AIR LINES INC | United States | COM NEW | 3,700 | 3,200 | -500 | $256,780 | $299,712 | +$42,932 |
|---|
NVST
ENVISTA HOLDINGS CORPORATION | United States | COM | 20,800 | 18,750 | -2,050 | $451,568 | $494,063 | +$42,495 |
|---|
COP
CONOCOPHILLIPS | United States | COM | 3,400 | 2,700 | -700 | $318,274 | $280,692 | -$37,582 |
|---|
FNV
FRANCO NEV CORP | | COM | 1,200 | 1,050 | -150 | $248,736 | $218,862 | -$29,874 |
|---|
NTNX
NUTANIX INC | United States | CL A | 19,100 | 18,800 | -300 | $987,279 | $958,048 | -$29,231 |
|---|
F
FORD MTR CO | United States | COM | 93,700 | 86,400 | -7,300 | $1,229,344 | $1,200,960 | -$28,384 |
|---|
GVA
GRANITE CONSTR INC | United States | COM | 2,500 | 2,000 | -500 | $288,375 | $316,160 | +$27,785 |
|---|
BMY
BRISTOL-MYERS SQUIBB CO | United States | COM | 16,775 | 15,250 | -1,525 | $904,844 | $878,705 | -$26,139 |
|---|
NTR
NUTRIEN LTD | | COM | 10,400 | 9,900 | -500 | $641,888 | $623,205 | -$18,683 |
|---|
BAC
BANK OF AMER CORP | United States | COM | 14,900 | 14,700 | -200 | $819,500 | $837,606 | +$18,106 |
|---|
EW
EDWARDS LIFESCIENCES CORP | United States | COM | 3,900 | 3,500 | -400 | $332,475 | $316,610 | -$15,865 |
|---|
KMI
KINDER MORGAN INC DEL | United States | COM | 12,500 | 10,500 | -2,000 | $343,625 | $335,685 | -$7,940 |
|---|
CTVA
CORTEVA INC | United States | COM | 3,500 | 2,800 | -700 | $234,605 | $237,132 | +$2,527 |
|---|
SLB
SLB LIMITED | | COM STK | 34,700 | 28,700 | -6,000 | $1,331,786 | $1,334,263 | +$2,477 |
|---|
WMB
WILLIAMS COS INC | United States | COM | 18,400 | 14,900 | -3,500 | $1,106,024 | $1,107,666 | +$1,642 |
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