ARMOR ADVISORS, L.L.C.

Est. AUM

$297.8M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	SPDR S&P 500 ETF TRPUT	TR UNIT	$97.6M	150000	32.76%	SOLE
2	ISHARES TRPUT	IBOXX HI YD ETF	$87.5M	1100000	29.39%	SOLE
3	CRH PLC	ORD	$27.1M	257689	9.10%	SOLE
4	SPDR GOLD TRCALL	GOLD SHS	$20.7M	48000	6.94%	SOLE
5	NAVIOS MARITIME PARTNERS L P	COM UNIT LPI	$13.6M	201776	4.57%	SOLE
6	ALAMOS GOLD INC NEW	COM CL A	$11.8M	265745	3.97%	SOLE
7	KASPI KZ JSC	SPONSORED ADS	$10.4M	141080	3.51%	SOLE
8	FIRST CTZNS BANCSHARES INC N	CL A	$4.9M	2581	1.63%	SOLE
9	SKEENA RES LTD NEW	COM	$4.4M	147847	1.48%	SOLE
10	ZIMMER BIOMET HOLDINGS INC	COM	$4.3M	47060	1.43%	SOLE
11	FERGUSON ENTERPRISES INC	COM	$3.9M	16804	1.32%	SOLE
12	ZOETIS INC	CL A	$3.8M	32350	1.28%	SOLE
13	BLACKSTONE INCPUT	COM	$2.3M	20000	0.77%	SOLE
14	DEVON ENERGY CORP NEW	COM	$1.5M	29000	0.49%	SOLE
15	SEABRIDGE GOLD INC	COM	$1.4M	51132	0.49%	SOLE
16	OSISKO DEVELOPMENT CORP	COM NEW	$1.1M	353000	0.39%	SOLE
17	ENDEAVOUR SILVER CORP	COM	$1.0M	112000	0.35%	SOLE
18	EOG RES INC	COM	$434K	3000	0.15%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.