Managers / Q4 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 $96M in U.S.-listed holdings across 13 positions for Q4 2024.
The portfolio is heavily concentrated: CRH alone accounts for 29.2% of reported value.
Compared with Q3 2024, the fund opened 4 new positions and exited 4.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
- Common Stock · 76.6% · $74M
- Other · 22.2% · $21M
- ETP · 1.2% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FERGFERGUSON ENTERPRISES INC | NEW | +59.6K | 59.6K | +$10M | $10M |
| ICLRICON PLC | NEW | +24.1K | 24.1K | +$5M | $5M |
| FROFRONTLINE PLC | NEW | +190.3K | 190.3K | +$3M | $3M |
| TSLATESLA INC | NEW | +1.5K | 1.5K | +$605,760 | $605,760 |
| SPYSPDR S&P 500 ETF TR | SOLD OUT | −120.0K | 0 | −$16M | $0 |
| XPXP INC | SOLD OUT | −815.8K | 0 | −$15M | $0 |
| FRONTLINE LTD | SOLD OUT | −291.5K | 0 | −$7M | $0 |
| WPMWHEATON PRECIOUS METALS CORP | SOLD OUT | −69.8K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CRHCRH PLChistory → | ORD | 29.18% | $28M | 302.9K |
| 2 | FNVFRANCO NEV CORPhistory → | COM | 11.91% | $11M | 97.2K |
| 3 | FERGFERGUSON ENTERPRISES INChistory → | COM | 10.77% | $10M | 59.6K |
| 4 | NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | 8.27% | $8M | 183.6K |
| 5 | SBLKSTAR BULK CARRIERS CORPhistory → | SHS PAR | 5.69% | $5M | 365.8K |
| 6 | ICLRICON PLChistory → | SHS | 5.26% | $5M | 24.1K |
| 7 | FCNCAFIRST CTZNS BANCSHARES INC Nhistory → | CL A | 5.03% | $5M | 2.3K |
| 8 | RGLDROYAL GOLD INChistory → | COM | 4.58% | $4M | 33.4K |
| 9 | FROFRONTLINE PLChistory → | COM | 2.81% | $3M | 190.3K |
| 10 | SLVISHARES SILVER TRhistory → | ISHARES | 1.20% | $1M | 43.8K |
| 11 | SASEABRIDGE GOLD INC | COM | 0.69% | $663,879 | 58.2K |
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 ↗.