SEC 13F Intelligence

Managers / Q4 2025

Centerstone Investors, LLC

CIK 0001766788 · 228 PARK AVENUE S., SUITE 75938, NEW YORK, NY, 10003 · 212-503-5789

Reported Value
$32M
Q4 2025
Positions
22
Filings on Record
31
2019–present window
Filed
Jan 30, 2026
original filing

Summary

Centerstone Investors, LLC reported $32M in U.S.-listed holdings across 22 positions for Q4 2025.

The portfolio is heavily concentrated: GLD alone accounts for 20.5% of reported value.

Compared with Q3 2025, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+74.7%
share of reported value
Largest Position
+20.5%
Spdr Gold Shares Usd Class

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

13F Reported Value
Q1 ’19: $140MQ1 ’19Q2 ’19: $160MQ3 ’19: $146MQ4 ’19: $140MQ1 ’20: $110MQ1 ’20Q2 ’20: $103MQ3 ’20: $98MQ4 ’20: $104MQ1 ’21: $101MQ1 ’21Q2 ’21: $95MQ3 ’21: $104MQ4 ’21: $114MQ1 ’22: $96MQ1 ’22Q2 ’22: $87MQ3 ’22: $61MQ4 ’22: $68MQ1 ’23: $85MQ1 ’23Q2 ’23: $100MQ3 ’23: $98MQ4 ’23: $98MQ1 ’24: $129MQ1 ’24Q2 ’24: $120MQ3 ’24: $103MQ4 ’24: $107MQ1 ’25: $42MQ1 ’25Q2 ’25: $24MQ3 ’25: $28MQ4 ’25: $32Mfilingsflow.com

Portfolio Composition

By security type
ETP: 52.8%Common Stock: 45.8%ADR: 1.4%
  • ETP · 52.8% · $17M
  • Common Stock · 45.8% · $15M
  • ADR · 1.4% · $446,988

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RSPINVESCO S&P EQUAL WEIGHTNEW+13.0K13.0K+$2M$2M
SPYSPDR S&P 500 ETFADDED+2.0K3.7K+$1M$3M
GLDSPDR Gold Shares USD ClassTRIMMED−4.0K16.5K−$748,225$7M
SCCOSouthern Copper CorporationHELD+597.0K+$161,883$1M
DGDollar General CorporationHELD+09.1K+$267,045$1M
ROSTRoss Stores Inc.HELD+05.2K+$143,024$928,442
ORLYO'Reilly Automotive Inc.HELD+08.4K−$138,693$762,060
ACWIISHARES MSCI ACWI ETFHELD+037.0K+$120,198$5M

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

Holdings — Q4 2025

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GLDSPDR Gold Shares USD Classhistory →GOLD SHS20.55%$7M16.5K
2ACWIISHARES MSCI ACWI ETFhistory →MSCI ACWI ETF16.45%$5M37.0K
3SPYSPDR S&P 500 ETFhistory →TR UNIT7.96%$3M3.7K
4RSPINVESCO S&P EQUAL WEIGHThistory →S&P500 EQL WGT7.84%$2M13.0K
5FNVFranco-Nevada Corporationhistory →COM4.31%$1M6.6K
6TSLATesla Inc.history →COM4.24%$1M3.0K
7DGDollar General Corporationhistory →COM3.79%$1M9.1K
8EMREmerson Electric Companyhistory →COM3.52%$1M8.4K
9SCCOSouthern Copper Corporationhistory →COM3.16%$1M7.0K
10CVXChevron Corporationhistory →COM2.94%$936,4076.1K
11ROSTRoss Stores Inc.history →COM2.92%$928,4425.2K
12DISWalt Disney Company (The)history →COM2.82%$895,5987.9K
13CSLCarlisle Companies Inc.history →COM2.65%$841,8722.6K
14ORLYO'Reilly Automotive Inc.history →COM2.40%$762,0608.4K
15HSICHenry Schein Inc.history →COM2.36%$749,3009.9K
16GWWWW Grainger Inc.history →COM2.12%$675,054669
17NVSTEnvista Holdings Corporationhistory →COM2.07%$659,91930.4K
18MCDMcDonald's Corporationhistory →COM2.06%$654,6592.1K
19CPAYCorpay Inc.history →COM SHS2.03%$646,0972.1K
20BIDUBaidu Inc.history →SPON ADR REP A1.40%$446,9883.4K
21SMGScotts Miracle-Gro Company (The)history →CL A1.35%$429,2817.4K
22KMXCarMax Inc.history →COM1.08%$344,6698.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$32M22Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$28M21Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$24M22Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$42M22May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$107M28Feb 19, 2025RESTATEMENTchanges · EDGAR ↗
Q3 2024$103M26Nov 25, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2024$120M29Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$129M30May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$98M24Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$98M25Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$100M24Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$85M24May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$68M26Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$61M22Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$87M22Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$96M19May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$114M22Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$104M22Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$95M21Nov 15, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$101M20May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$104M22Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$98M22Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$103M25Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$110M26May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$140M24Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$146M26Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$160M29Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$140M29May 14, 201913F-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 ↗.