SEC 13F Intelligence

Managers / Q4 2022 · view latest →

ARMOR ADVISORS, L.L.C.

CIK 0001600698 · 410 PARK AVENUE, SUITE 530, NEW YORK, NY, 10022 · (646) 873-8501

Reported Value
$275M
Q4 2022
Positions
10
Filings on Record
28
2019–present window
Filed
Feb 14, 2023
original filing

Summary

Armor Advisors, L.L.C. reported $275M in U.S.-listed holdings across 10 positions for Q4 2022.

Its largest position, Ferguson, represents 9.0% of the portfolio.

Compared with Q3 2022, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+8.5%
vs prior filed quarter
Largest Position
+9.0%
Ferguson
New / Exited
3 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $177MQ4 ’19Q1 ’20: $302MQ2 ’20: $207MQ3 ’20: $318MQ4 ’20: $247MQ4 ’20Q1 ’21: $262MQ2 ’21: $362MQ3 ’21: $588MQ4 ’21: $509MQ4 ’21Q1 ’22: $864MQ2 ’22: $183MQ3 ’22: $658MQ4 ’22: $275MQ4 ’22Q1 ’23: $187MQ2 ’23: $193MQ3 ’23: $227MQ4 ’23: $104MQ4 ’23Q1 ’24: $164MQ2 ’24: $136MQ3 ’24: $156MQ4 ’24: $96MQ4 ’24Q1 ’25: $125MQ2 ’25: $191MQ3 ’25: $179MQ4 ’25: $112MQ4 ’25Q1 ’26: $298Mfilingsflow.com

Portfolio Composition

By security type
ETP: 59.7%Common Stock: 26.8%Other: 12.3%Closed-End Fund: 1.1%
  • ETP · 59.7% · $164M
  • Common Stock · 26.8% · $74M
  • Other · 12.3% · $34M
  • Closed-End Fund · 1.1% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FRONTLINE LTDNEW+757.1K757.1K+$9M$9M
SPROTT PHYSICAL SILVER TRNEW+375.0K375.0K+$3M$3M
AAPLAPPLE INCNEW+20.0K20.0K+$3M$3M
FANGDIAMONDBACK ENERGY INCSOLD OUT−127.0K0−$15M$0
EURONAV NVSOLD OUT−522.2K0−$8M$0
AMZNAMAZON COM INCSOLD OUT−20.0K0−$2M$0
SWVL HOLDINGS CORPSOLD OUT−1.12M0−$34,000$0
SPDR S&P 500 ETF TRTRIMMED−1.14M430.0K−$396M$164M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

8 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FERGUSON PLC NEWSHS8.98%$25M194.6K
2RGLDROYAL GOLD INChistory →COM7.64%$21M186.6K
3FNVFRANCO NEV CORPhistory →COM6.56%$18M132.2K
4CRCCANADIAN NAT RES LTDhistory →COM4.71%$13M233.5K
5EOGEOG RES INChistory →COM4.26%$12M90.5K
6FRONTLINE LTDSHS NEW3.34%$9M757.1K
7SEA1EURSEABRIDGE GOLD INChistory →COM2.70%$7M590.0K
8SPROTT PHYSICAL SILVER TRTR UNIT1.12%$3M375.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$298M18May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$112M14Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$179M16Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$191M18Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$125M19May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$96M13Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$156M13Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$136M12Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$164M14May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$104M12Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$227M15Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$193M15Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$187M13May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$275M10Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$658M11Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$183M10Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$864M20May 20, 2022RESTATEMENTchanges · EDGAR ↗
Q4 2021$509M19Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$588M20Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$362M16Aug 16, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$262M14May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$247M14Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$318M15Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$207M12Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$302M16May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$177M8Feb 14, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.