# HOLLENCREST CAPITAL MANAGEMENT

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1161722. Source: https://holderbook.com/funds/1161722-hollencrest-capital-management/

- Reported value: $1.5B
- Positions: 1,191
- Weight of the ten largest: 47.5%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $187.6M | 250,136 | 12.2% | 32 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $105.6M | 141,812 | 6.9% | 32 |
| FIRST TR EXCHNG TRADED FD VI | [DHDG](https://holderbook.com/stocks/DHDG/) | $75.1M | 2,052,858 | 4.9% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $72.5M | 105,611 | 4.7% | 32 |
| FIRST TR EXCHNG TRADED FD VI | [QCAP](https://holderbook.com/stocks/QCAP/) | $69.0M | 2,769,041 | 4.5% | 1 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $65.3M | 342,992 | 4.3% | 32 |
| FIRST TR EXCHNG TRADED FD VI | [GDEC](https://holderbook.com/stocks/GDEC/) | $42.7M | 1,073,956 | 2.8% | 5 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $39.6M | 367,651 | 2.6% | 32 |
| FIRST TR EXCHNG TRADED FD VI | [RSDE](https://holderbook.com/stocks/RSDE/) | $38.5M | 1,639,997 | 2.5% | 3 |
| ABRDN PLATINUM ETF TRUST | [PPLT](https://holderbook.com/stocks/PPLT/) | $32.7M | 2,317,380 | 2.1% | 19 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $28.9M | 67,927 | 1.9% | 32 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $25.9M | 1,372,914 | 1.7% | 22 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $25.8M | 511,767 | 1.7% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $25.3M | 59,982 | 1.6% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $24.4M | 84,190 | 1.6% | 32 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $22.4M | 74,077 | 1.5% | 23 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $18.7M | 103,415 | 1.2% | 32 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $18.4M | 117,470 | 1.2% | 32 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $17.5M | 192,847 | 1.1% | 5 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $14.3M | 356,183 | 0.9% | 32 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $14.3M | 69,713 | 0.9% | 30 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $13.4M | 26,766 | 0.9% | 32 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $13.2M | 151,792 | 0.9% | 26 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $12.3M | 260,966 | 0.8% | 32 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $12.1M | 122,976 | 0.8% | 32 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $11.7M | 32,492 | 0.8% | 32 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $10.9M | 126,272 | 0.7% | 32 |
| PIMCO DYNAMIC INCOME STRATEG | [PDX](https://holderbook.com/stocks/PDX/) | $10.2M | 489,829 | 0.7% | 27 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $10.0M | 113,533 | 0.6% | 15 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $8.9M | 37,649 | 0.6% | 32 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.7M | 36,445 | 0.6% | 32 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $8.6M | 97,488 | 0.6% | 15 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $8.6M | 55,327 | 0.6% | 22 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $8.3M | 50,651 | 0.5% | 17 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $8.0M | 77,417 | 0.5% | 26 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $6.8M | 17,189 | 0.4% | 32 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $6.8M | 129,965 | 0.4% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.7M | 18,988 | 0.4% | 32 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $6.2M | 86,360 | 0.4% | 32 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $6.2M | 10,642 | 0.4% | 15 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $6.0M | 17,688 | 0.4% | 15 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $5.8M | 86,754 | 0.4% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.7M | 14,992 | 0.4% | 32 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $5.6M | 69,062 | 0.4% | 12 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $5.6M | 60,713 | 0.4% | 9 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $5.5M | 58,947 | 0.4% | 32 |
| PAN AMERN SILVER CORP | [PAAS](https://holderbook.com/stocks/PAAS/) | $5.4M | 121,150 | 0.4% | 22 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.2M | 4,929 | 0.3% | 15 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $5.2M | 20,505 | 0.3% | 15 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $5.1M | 68,042 | 0.3% | 32 |
| COEUR MNG INC | [CDE](https://holderbook.com/stocks/CDE/) | $5.0M | 306,912 | 0.3% | 28 |
| ATOMERA INC | [ATOM](https://holderbook.com/stocks/ATOM/) | $5.0M | 573,266 | 0.3% | 32 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $4.9M | 32,531 | 0.3% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.9M | 14,463 | 0.3% | 32 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $4.4M | 249,802 | 0.3% | 22 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $4.4M | 43,113 | 0.3% | 32 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $4.2M | 50,243 | 0.3% | 32 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $4.1M | 1,713 | 0.3% | 6 |
| SIMPLIFY EXCHANGE TRADED FUN | [TUA](https://holderbook.com/stocks/TUA/) | $4.1M | 201,303 | 0.3% | 15 |
| PIMCO ETF TR | [CMDT](https://holderbook.com/stocks/CMDT/) | $4.1M | 132,502 | 0.3% | 10 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $4.1M | 33,999 | 0.3% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.0M | 4,304 | 0.3% | 32 |
| AMERICAS GOLD AND SILVER COR | [USAS](https://holderbook.com/stocks/USAS/) | $3.9M | 833,345 | 0.3% | 4 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $3.9M | 3,388 | 0.3% | 15 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $3.7M | 124,791 | 0.2% | 32 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $3.7M | 31,375 | 0.2% | 22 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $3.6M | 9,735 | 0.2% | 20 |
| PIMCO ETF TR | [PMBS](https://holderbook.com/stocks/PMBS/) | $3.6M | 73,013 | 0.2% | 8 |
| INVESCO CURRENCYSHARES | [FXY](https://holderbook.com/stocks/FXY/) | $3.4M | 60,000 | 0.2% | 11 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $3.4M | 91,329 | 0.2% | 5 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $3.2M | 14,354 | 0.2% | 6 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $3.0M | 31,040 | 0.2% | 17 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.0M | 9,335 | 0.2% | 32 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $2.9M | 15,679 | 0.2% | 32 |
| BLACKROCK MUNIHLDNGS CALI | [MUC](https://holderbook.com/stocks/MUC/) | $2.9M | 267,907 | 0.2% | 32 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $2.9M | 46,003 | 0.2% | 32 |
| ISHARES INC | [EWG](https://holderbook.com/stocks/EWG/) | $2.7M | 65,465 | 0.2% | 32 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $2.6M | 87,633 | 0.2% | 32 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.6M | 49,766 | 0.2% | 15 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $2.6M | 25,929 | 0.2% | 32 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $2.5M | 65,014 | 0.2% | 32 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.5M | 7,363 | 0.2% | 32 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $2.5M | 18,352 | 0.2% | 1 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $2.5M | 9,133 | 0.2% | 8 |
| AGNC INVT CORP | [AGNC](https://holderbook.com/stocks/AGNC/) | $2.4M | 220,800 | 0.2% | 15 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $2.3M | 6,454 | 0.2% | 11 |
| DIREXION SHARES ETF TRUST | [TMF](https://holderbook.com/stocks/TMF/) | $2.3M | 65,202 | 0.2% | 7 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $2.3M | 19,301 | 0.1% | 15 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $2.2M | 24,366 | 0.1% | 32 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.2M | 19,671 | 0.1% | 32 |
| SPROTT FDS TR | [URNM](https://holderbook.com/stocks/URNM/) | $2.2M | 42,185 | 0.1% | 17 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.2M | 25,784 | 0.1% | 32 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.2M | 3,828 | 0.1% | 32 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $2.1M | 8,603 | 0.1% | 15 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $2.1M | 39,773 | 0.1% | 32 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $2.1M | 2,404 | 0.1% | 15 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.0M | 1,678 | 0.1% | 9 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $2.0M | 43,161 | 0.1% | 32 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $2.0M | 20,428 | 0.1% | 15 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.9M | 8,132 | 0.1% | 15 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.2% | +14.8% | -2.6% | 99% |
| Q1 2026 | -3.9% | -4.6% | +0.7% | 99% |
| Q4 2025 | +3.9% | +2.4% | +1.6% | 99% |
| Q3 2025 | +9.5% | +7.8% | +1.7% | 99% |
| Q2 2025 | +6.4% | +10.5% | -4.1% | 99% |
| Q1 2025 | -4.3% | -4.6% | +0.2% | 99% |
| Q4 2024 | +2.1% | +2.1% | -0.0% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.5B | 1,191 |
| Q1 2026 | $2.7B | 1,168 |
| Q4 2025 | $2.9B | 1,138 |
| Q3 2025 | $2.8B | 1,102 |
| Q2 2025 | $2.4B | 1,093 |
| Q1 2025 | $2.3B | 1,087 |
| Q4 2024 | $2.5B | 1,106 |
| Q3 2024 | $2.4B | 1,070 |
| Q2 2024 | $2.3B | 1,049 |
| Q1 2024 | $2.2B | 1,049 |
| Q4 2023 | $1.1B | 1,025 |
| Q3 2023 | $883.4M | 1,054 |