ARMOR ADVISORS, L.L.C. Hedge Fund

CIK: 0001600698 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $190,887 (100.0% shares, 0.0% debt)

Holdings (18)

GLD SPDR GOLD TR 22.4%

Value ($000) $42,676 Shares 140,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 14.6%

Value ($000) $27,803 Shares 45,000 Est. Cost — Unrealized —

CRH CRH PLC 11.1%

Value ($000) $21,192 Shares 230,849 Est. Cost $65.61 Unrealized +38.7%

FNV FRANCO NEV CORP 7.2%

Value ($000) $13,820 Shares 84,312 Est. Cost $113.36 Unrealized +45.8%

NMM NAVIOS MARITIME PARTNERS L P 6.1%

Value ($000) $11,681 Shares 310,000 Est. Cost $60.09 Unrealized —

RGLD ROYAL GOLD INC 5.9%

Value ($000) $11,312 Shares 63,605 Est. Cost $125.95 Unrealized +40.6%

KSPI KASPI KZ JSC 4.8%

Value ($000) $9,084 Shares 107,009 Est. Cost $90.03 Unrealized —

FERG FERGUSON ENTERPRISES INC 4.4%

Value ($000) $8,304 Shares 38,136 Est. Cost $191.49 Unrealized -4.9%

HYG ISHARES TR 4.2%

Value ($000) $8,065 Shares 100,000 Est. Cost — Unrealized —

NMM NAVIOS MARITIME PARTNERS L P 3.9%

Value ($000) $7,389 Shares 196,105 Est. Cost $60.09 Unrealized —

SBLK STAR BULK CARRIERS CORP 3.0%

Value ($000) $5,665 Shares 328,390 Est. Cost $21.49 Unrealized -27.6%

ICLR ICON PLC 2.6%

Value ($000) $4,995 Shares 34,342 Est. Cost $221.69 Unrealized -36.0%

FCNCA FIRST CTZNS BANCSHARES INC N 2.6%

Value ($000) $4,897 Shares 2,503 Est. Cost $1442.35 Unrealized +25.4%

— HAFNIA LTD 2.2%

Value ($000) $4,119 Shares 825,376 Est. Cost $4.16 Unrealized —

BIDU BAIDU INC 1.9%

Value ($000) $3,602 Shares 42,000 Est. Cost $91.73 Unrealized —

FRO FRONTLINE PLC 1.6%

Value ($000) $3,123 Shares 190,332 Est. Cost $17.96 Unrealized -6.3%

SLV ISHARES SILVER TR 1.3%

Value ($000) $2,388 Shares 72,777 Est. Cost $29.46 Unrealized —

SA SEABRIDGE GOLD INC 0.4%

Value ($000) $772 Shares 53,142 Est. Cost $15.23 Unrealized -16.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	140,000	$42,676	22.4%	—	—	Call	78463V107
SPY	SPDR S&P 500 ETF TR	45,000	$27,803	14.6%	—	—	Put	78462F103
CRH	CRH PLC	230,849	$21,192	11.1%	$65.61	+38.7%	ORD	G25508105
FNV	FRANCO NEV CORP	84,312	$13,820	7.2%	$113.36	+45.8%	COM	351858105
NMM	NAVIOS MARITIME PARTNERS L P	310,000	$11,681	6.1%	$60.09	—	Call	Y62267409
RGLD	ROYAL GOLD INC	63,605	$11,312	5.9%	$125.95	+40.6%	COM	780287108
KSPI	KASPI KZ JSC	107,009	$9,084	4.8%	$90.03	—	SPONSORED ADS	48581R205
FERG	FERGUSON ENTERPRISES INC	38,136	$8,304	4.4%	$191.49	-4.9%	COM	31488V107
HYG	ISHARES TR	100,000	$8,065	4.2%	—	—	Put	464288513
NMM	NAVIOS MARITIME PARTNERS L P	196,105	$7,389	3.9%	$60.09	—	COM UNIT LPI	Y62267409
SBLK	STAR BULK CARRIERS CORP	328,390	$5,665	3.0%	$21.49	-27.6%	SHS PAR	Y8162K204
ICLR	ICON PLC	34,342	$4,995	2.6%	$221.69	-36.0%	SHS	G4705A100
FCNCA	FIRST CTZNS BANCSHARES INC N	2,503	$4,897	2.6%	$1442.35	+25.4%	CL A	31946M103
—	HAFNIA LTD	825,376	$4,119	2.2%	$4.16	—	ORD SHS	G4233B109
BIDU	BAIDU INC	42,000	$3,602	1.9%	$91.73	—	SPON ADR REP A	056752108
FRO	FRONTLINE PLC	190,332	$3,123	1.6%	$17.96	-6.3%	COM	M46528101
SLV	ISHARES SILVER TR	72,777	$2,388	1.3%	$29.46	—	ISHARES	46428Q109
SA	SEABRIDGE GOLD INC	53,142	$772	0.4%	$15.23	-16.5%	COM	811916105