ARMOR ADVISORS, L.L.C.
Long book
$89.8M
Q1 2026
Positions
14
Top-10 weight
95%
concentration
Last quarter
-1.1%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsARMOR ADVISORS, L.L.C. is a concentrated fundamental stock-picker, running a $89.8M US long book across 14 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CRH PLC, NAVIOS MARITIME PARTNERS LP, ALAMOS GOLD INC-CLASS A, JSC KASPI.KZ ADR, FIRST CITIZENS BCSHS -CL A.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.7%
Q2 2024
+5.9%
Q3 2024
-13.3%
Q4 2024
+1.8%
Q1 2025
+6.8%
Q2 2025
+20.5%
Q3 2025
+5.5%
Q4 2025
-1.3%
Q1 2026
-1.1%
Sector allocation
Industrials 51%
Materials 25%
Healthcare 10%
Financials 6%
Consumer discretionary 5%
Energy 2%
Long book by quarter
What does ARMOR ADVISORS, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CRH CRH PLC | Industrials | 257.7K | $27.1M | 30.2% | +13.0% |
| NMM NAVIOS MARITIME PARTNERS LP | Industrials | 201.8K | $13.6M | 15.2% | Held |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 265.7K | $11.8M | 13.2% | +7.0% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 2.6K | $4.9M | 5.4% | +74.5% |
| SKE SKEENA RESOURCES LTD | Materials | 147.8K | $4.4M | 4.9% | +63.5% |
| ZBH ZIMMER BIOMET HOLDINGS INC | Healthcare | 47.1K | $4.3M | 4.7% | New |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 16.8K | $3.9M | 4.4% | +13.5% |
| ZTS ZOETIS INC | Healthcare | 32.4K | $3.8M | 4.3% | New |
| DVN DEVON ENERGY CORP | Energy | 29.0K | $1.5M | 1.6% | New |
| SA SEABRIDGE GOLD INC | Materials | 51.1K | $1.4M | 1.6% | Held |
| ODV OSISKO DEVELOPMENT CORP | Materials | 353.0K | $1.1M | 1.3% | New |
| EXK ENDEAVOUR SILVER CORP | Materials | 112.0K | $1.0M | 1.2% | +0.9% |
| EOG EOG RESOURCES INC | Energy | 3.0K | $434K | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 18 | $297.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 14 | $111.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 16 | $179.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 18 | $190.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 19 | $125.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 13 | $96.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 13 | $155.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12 | $135.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 14 | $164.0M | canonical | SEC ↗ |
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