# Herr Investment Group LLC

> Institutional holdings reported to the SEC as of Q2 2024 on Form 13F. CIK 1922235. Source: https://holderbook.com/funds/1922235-herr-investment-group-llc/

- Reported value: $1.5B
- Positions: 69
- Weight of the ten largest: 83.1%
- Filed: 2024-08-12

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 |
|---|---|---|---|---|---|
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $443.0M | 0 | 29.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $405.4M | 0 | 27.0% | 4 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $140.3M | 0 | 9.4% | 3 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $63.2M | 279,224 | 4.2% | 7 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $45.6M | 0 | 3.0% | 4 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $34.1M | 0 | 2.3% | 2 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $34.0M | 0 | 2.3% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $28.1M | 484,669 | 1.9% | 7 |
| LINCOLN EDL SVCS CORP | [LINC](https://holderbook.com/stocks/LINC/) | $27.9M | 2,349,295 | 1.9% | 7 |
| ADECOAGRO S A | [AGRO](https://holderbook.com/stocks/AGRO/) | $25.8M | 2,649,555 | 1.7% | 7 |
| VALARIS LTD | [VAL](https://holderbook.com/stocks/VAL/) | $17.6M | 235,822 | 1.2% | 3 |
| MITSUBISHI UFJ FINANCIAL GRO | [MUFG](https://holderbook.com/stocks/MUFG/) | $15.2M | 1,410,464 | 1.0% | 6 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $13.8M | 210,565 | 0.9% | 7 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $12.2M | 2,325,521 | 0.8% | 7 |
| MAUI LD & PINEAPPLE INC | [MLP](https://holderbook.com/stocks/MLP/) | $11.6M | 526,386 | 0.8% | 4 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $11.5M | 735,795 | 0.8% | 7 |
| RANGE RES CORP | [RRC](https://holderbook.com/stocks/RRC/) | $11.2M | 334,835 | 0.7% | 3 |
| NEW GOLD INC CDA | [NGD](https://holderbook.com/stocks/NGD/) | $10.2M | 5,210,363 | 0.7% | 7 |
| MOSAIC CO | [MOS](https://holderbook.com/stocks/MOS/) | $9.6M | 332,209 | 0.6% | 4 |
| REMITLY GLOBAL INC | [RELY](https://holderbook.com/stocks/RELY/) | $9.3M | 766,048 | 0.6% | 1 |
| ABRDN PLATINUM ETF TRUST | [PPLT](https://holderbook.com/stocks/PPLT/) | $9.3M | 101,485 | 0.6% | 7 |
| MYOMO INC | [MYO](https://holderbook.com/stocks/MYO/) | $9.1M | 2,846,071 | 0.6% | 4 |
| EA SERIES TRUST | [BOXX](https://holderbook.com/stocks/BOXX/) | $9.1M | 84,429 | 0.6% | 1 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $8.3M | 742,400 | 0.6% | 1 |
| SSGA ACTIVE ETF TR | [TOTL](https://holderbook.com/stocks/TOTL/) | $7.9M | 199,562 | 0.5% | 7 |
| PERPETUA RESOURCES CORP | [PPTA](https://holderbook.com/stocks/PPTA/) | $7.5M | 1,450,498 | 0.5% | 2 |
| NOBLE CORP PLC | [NE](https://holderbook.com/stocks/NE/) | $6.9M | 155,000 | 0.5% | 1 |
| DOUBLELINE YIELD OPPORTUNITI | [DLY](https://holderbook.com/stocks/DLY/) | $6.0M | 382,782 | 0.4% | 7 |
| DOUBLELINE INCOME SOLUTIONS | [DSL](https://holderbook.com/stocks/DSL/) | $4.6M | 370,799 | 0.3% | 7 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $4.4M | 0 | 0.3% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.4M | 9,787 | 0.3% | 7 |
| DOUBLELINE OPPORTUNISTIC CR | [DBL](https://holderbook.com/stocks/DBL/) | $4.3M | 283,066 | 0.3% | 7 |
| ABRDN SILVER ETF TRUST | [SIVR](https://holderbook.com/stocks/SIVR/) | $4.3M | 156,000 | 0.3% | 1 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $3.3M | 170,488 | 0.2% | 3 |
| SEACOR MARINE HLDGS INC | [SMHI](https://holderbook.com/stocks/SMHI/) | $3.3M | 247,357 | 0.2% | 1 |
| NORTHERN DYNASTY MINERALS LT | [NAK](https://holderbook.com/stocks/NAK/) | $3.2M | 10,330,688 | 0.2% | 2 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $2.7M | 18,919 | 0.2% | 1 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $2.7M | 24,546 | 0.2% | 1 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $2.5M | 21,011 | 0.2% | 1 |
| COSAN S A | [CSAN](https://holderbook.com/stocks/CSAN/) | $2.2M | 225,000 | 0.1% | 1 |
| SIMPLIFY EXCHANGE TRADED FUN | [FIG](https://holderbook.com/stocks/FIG/) | $2.2M | 103,358 | 0.1% | 6 |
| ISHARES INC | [SCJ](https://holderbook.com/stocks/SCJ/) | $2.1M | 29,771 | 0.1% | 7 |
| WESTERN COPPER & GOLD CORP | [WRN](https://holderbook.com/stocks/WRN/) | $1.8M | 1,552,749 | 0.1% | 2 |
| BRF SA | [BRFS](https://holderbook.com/stocks/BRFS/) | $1.4M | 350,000 | 0.1% | 4 |
| TIDEWATER INC NEW | [TDW](https://holderbook.com/stocks/TDW/) | $1.2M | 12,500 | 0.1% | 7 |
| PILGRIMS PRIDE CORP | [PPC](https://holderbook.com/stocks/PPC/) | $1.1M | 28,275 | 0.1% | 3 |
| HERITAGE GLOBAL INC | [HGBL](https://holderbook.com/stocks/HGBL/) | $1.1M | 432,900 | 0.1% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $1.0M | 5,000 | 0.1% | 4 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $983.0K | 50,000 | 0.1% | 1 |
| INTERNATIONAL TOWER HILL MIN | [THM](https://holderbook.com/stocks/THM/) | $878.8K | 1,777,727 | 0.1% | 2 |
| ST JOE CO | [JOE](https://holderbook.com/stocks/JOE/) | $875.2K | 16,000 | 0.1% | 2 |
| CRESUD S A C I F Y A | [CRESY](https://holderbook.com/stocks/CRESY/) | $820.8K | 99,860 | 0.1% | 1 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $815.8K | 25,000 | 0.1% | 5 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $807.6K | 9,891 | 0.1% | 2 |
| DISCOVER FINL SVCS | [DFS](https://holderbook.com/stocks/DFS/) | $784.9K | 6,000 | 0.1% | 3 |
| GEN RESTAURENT GROUP | [GENK](https://holderbook.com/stocks/GENK/) | $738.0K | 81,452 | 0.0% | 1 |
| SCORPIO TANKERS INC | [STNG](https://holderbook.com/stocks/STNG/) | $710.8K | 8,744 | 0.0% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $677.5K | 3,151 | 0.0% | 7 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $652.2K | 4,376 | 0.0% | 7 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $630.3K | 10,000 | 0.0% | 3 |
| ADVISORSHARES TR | [MSOS](https://holderbook.com/stocks/MSOS/) | $549.8K | 75,000 | 0.0% | 1 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $418.7K | 10,000 | 0.0% | 1 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $409.5K | 14,078 | 0.0% | 3 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $399.2K | 7,400 | 0.0% | 3 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $394.5K | 20,700 | 0.0% | 3 |
| TORM PLC | [TRMD](https://holderbook.com/stocks/TRMD/) | $387.7K | 10,000 | 0.0% | 1 |
| LARGO INC | [LGO](https://holderbook.com/stocks/LGO/) | $370.0K | 200,025 | 0.0% | 1 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $311.1K | 10,747 | 0.0% | 7 |
| INMODE LTD | [INMD](https://holderbook.com/stocks/INMD/) | $273.6K | 15,000 | 0.0% | 1 |

## 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 2024 | +2.0% | +4.0% | -2.0% | 94% |
| Q1 2023 | +8.3% | +7.0% | +1.3% | 73% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2024 | $1.5B | 69 |
| Q1 2024 | $382.4M | 71 |
| Q4 2023 | $1.7B | 69 |
| Q3 2023 | $1.3B | 46 |
| Q2 2023 | $1.3B | 39 |
| Q1 2023 | $1.4B | 53 |
| Q4 2022 | $1.6B | 78 |