Managers / Q1 2026 · view latest →
Connective Portfolio Management, LLC
CIK 0001905083 · 630 THIRD AVENUE, 21ST FLOOR, NEW YORK, NY, 10017 · 212-332-7932
Summary
Connective Portfolio Management, LLC reported $37M in U.S.-listed holdings across 25 positions for Q1 2026.
Its largest position, IAU, represents 11.2% of the portfolio.
Compared with Q4 2025, the fund opened 9 new positions and exited 22.
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 · 49.5% · $18M
- ETP · 28.6% · $11M
- ADR · 21.9% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PBRPETROLEO BRASILEIRO S A | NEW | +140.2K | 140.2K | +$3M | $3M |
| BHPBHP BILLITON LIMITED | NEW | +20.0K | 20.0K | +$1M | $1M |
| NXENEXGEN ENERGY LTD | NEW | +93.0K | 93.0K | +$1M | $1M |
| CCJCAMECO CORP | NEW | +9.3K | 9.3K | +$1M | $1M |
| MDAMDA SPACE LTD | NEW | +31.0K | 31.0K | +$784,836 | $784,836 |
| PAMPAMPA ENERGIA SA | NEW | +7.0K | 7.0K | +$619,500 | $619,500 |
| ALMALMONTY INDS INC | NEW | +30.0K | 30.0K | +$434,353 | $434,353 |
| HLHECLA MINING COMPANY | NEW | +19.0K | 19.0K | +$353,970 | $353,970 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2026 | $60M | 39 | Jul 7, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2026 | $37M | 25 | Apr 16, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $55M | 38 | Jan 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $57M | 38 | Oct 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $47M | 30 | Jul 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $30M | 25 | Apr 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $67M | 55 | Jan 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $57M | 42 | Oct 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $62M | 46 | Jul 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $57M | 46 | Apr 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $49M | 39 | Jan 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $33M | 34 | Oct 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $40M | 43 | Jul 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $32M | 30 | Apr 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $47M | 49 | Jan 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $31M | 35 | Oct 26, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $58M | 48 | Jul 18, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $47M | 39 | Apr 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $57M | 51 | Feb 7, 2022 | 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 ↗.