Managers / Q3 2024 · view latest →
ARMOR ADVISORS, L.L.C.
CIK 0001600698 · 410 PARK AVENUE, SUITE 530, NEW YORK, NY, 10022 · (646) 873-8501
Summary
Armor Advisors, L.L.C. reported $156M in U.S.-listed holdings across 13 positions for Q3 2024.
Its largest position, Crh, represents 14.2% of the portfolio.
Compared with Q2 2024, the fund opened 2 new positions and exited 2.
Portfolio Metrics
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
Portfolio Composition
- Other · 57.4% · $89M
- Common Stock · 31.2% · $48M
- ETP · 11.5% · $18M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NAVIOS MARITIME PARTNERS L P | NEW | +552.9K | 552.9K | +$35M | $35M |
| SPDR S&P 500 ETF TR | NEW | +120.0K | 120.0K | +$16M | $16M |
| SLVISHARES SILVER TR | ADDED | +50.0K | 73.0K | +$1M | $2M |
| KSPIJSC KASPI.KZ ADR | SOLD OUT | −185.4K | 0 | −$24M | $0 |
| NDQINVESCO QQQ TR | SOLD OUT | −20.0K | 0 | −$10M | $0 |
| STAR BULK CARRIERS CORP | ADDED | +222.2K | 474.3K | +$5M | $11M |
| SEA1EURSEABRIDGE GOLD INC | TRIMMED | −135.5K | 309.5K | −$895,311 | $5M |
| FCNCAFIRST CTZNS BANCSHARES INC N | TRIMMED | −1.3K | 5.8K | −$1M | $11M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CRH PLC | ORD | 14.18% | $22M | 237.9K |
| 2 | NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | 9.78% | $15M | 242.9K |
| 3 | XP INC | CL A | 9.41% | $15M | 815.8K |
| 4 | FNVFRANCO NEV CORPhistory → | COM | 9.26% | $14M | 115.9K |
| 5 | RGLDROYAL GOLD INChistory → | COM | 8.96% | $14M | 99.4K |
| 6 | STAR BULK CARRIERS CORP | SHS PAR | 7.22% | $11M | 474.3K |
| 7 | FCNCAFIRST CTZNS BANCSHARES INC Nhistory → | CL A | 6.86% | $11M | 5.8K |
| 8 | FRONTLINE LTD | SHS NEW | 4.28% | $7M | 291.5K |
| 9 | SEA1EURSEABRIDGE GOLD INChistory → | COM | 3.34% | $5M | 309.5K |
| 10 | WPMWHEATON PRECIOUS METALS CORPhistory → | COM | 2.74% | $4M | 69.8K |
| 11 | SLVISHARES SILVER TRhistory → | ISHARES | 1.33% | $2M | 73.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $298M | 18 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $112M | 14 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $179M | 16 | Nov 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $191M | 18 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $125M | 19 | May 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $96M | 13 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $156M | 13 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $136M | 12 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $164M | 14 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $104M | 12 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $227M | 15 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $193M | 15 | Aug 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $187M | 13 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $275M | 10 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $658M | 11 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $183M | 10 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $864M | 20 | May 20, 2022 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2021 | $509M | 19 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $588M | 20 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $362M | 16 | Aug 16, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2021 | $262M | 14 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $247M | 14 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $318M | 15 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $207M | 12 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $302M | 16 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $177M | 8 | Feb 14, 2020 | 13F-HR | changes · 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 ↗.