McAlvany Wealth Management LLC
Long book
$148.5M
Q1 2026
Positions
41
Top-10 weight
50%
concentration
Last quarter
-14.4%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsMcAlvany Wealth Management LLC is an institutional manager, running a $148.5M US long book across 41 positions.
The portfolio is concentrated: the top 10 names carry 50% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SPDR GOLD MINISHARES TRUST, ROYAL GOLD INC, ISHARES SILVER TRUST, CONOCOPHILLIPS, RANGE RESOURCES CORP.
Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
+13.1%
Q1 2026
-14.4%
Sector allocation
Materials 43%
Energy 35%
Financials 16%
Other 3%
Utilities 3%
Long book by quarter
What does McAlvany Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RGLD ROYAL GOLD INC | Financials | 49.6K | $11.8M | 8.0% | +9.3% |
| COP CONOCOPHILLIPS | Energy | 48.1K | $6.4M | 4.3% | +60.6% |
| RRC RANGE RESOURCES CORP | Energy | 137.8K | $6.4M | 4.3% | +65.2% |
| AEM AGNICO EAGLE MINES LTD | Materials | 32.5K | $6.2M | 4.2% | -12.2% |
| FNV FRANCO-NEVADA CORP | Materials | 23.7K | $5.5M | 3.7% | +5.5% |
| TFPM TRIPLE FLAG PRECIOUS MET | Financials | 148.9K | $4.9M | 3.3% | -19.3% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 106.5K | $4.4M | 3.0% | +18.4% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 31.7K | $3.9M | 2.6% | -10.2% |
| B BARRICK MINING CORP | Materials | 87.4K | $3.8M | 2.6% | Held |
| CVX CHEVRON CORP | Energy | 18.0K | $3.8M | 2.6% | +58.6% |
| EQT EQT CORP | Energy | 56.9K | $3.7M | 2.5% | +90.5% |
| IAUX I-80 GOLD CORP | Materials | 2.5M | $3.5M | 2.4% | New |
| VOXR VOX ROYALTY CORP | Materials | 733.4K | $3.5M | 2.4% | +33.5% |
| BTG B2GOLD CORP | Materials | 801.2K | $3.4M | 2.3% | -14.8% |
| NTR NUTRIEN LTD | Other | 43.9K | $3.4M | 2.3% | +7.5% |
| XOM EXXON MOBIL CORP | Energy | 19.4K | $3.3M | 2.2% | +107.6% |
| CRGY CRESCENT ENERGY INC-A | Energy | 231.1K | $3.1M | 2.1% | +71.6% |
| REPX RILEY EXPLORATION PERMIAN IN | Energy | 84.4K | $3.1M | 2.1% | +136.3% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 78.4K | $3.1M | 2.1% | +11.4% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 59.5K | $3.0M | 2.1% | -4.9% |
| OR OR ROYALTIES INC | Materials | 79.3K | $2.8M | 1.9% | +2.2% |
| NEM NEWMONT CORP | Materials | 25.4K | $2.6M | 1.8% | -6.6% |
| SCCO SOUTHERN COPPER CORP | Materials | 13.5K | $2.2M | 1.5% | +7.3% |
| EXE EXPAND ENERGY CORP | Energy | 16.7K | $1.9M | 1.3% | +7.8% |
| NE NOBLE CORP PLC | Energy | 33.8K | $1.7M | 1.1% | +5.4% |
| ENB ENBRIDGE INC | Energy | 29.6K | $1.6M | 1.1% | +5.3% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 30.4K | $1.5M | 1.0% | New |
| VNOM VIPER ENERGY INC-CL A | Energy | 27.1K | $1.3M | 0.9% | New |
| CCJ CAMECO CORP | Materials | 9.1K | $934K | 0.6% | +2.4% |
| MTA METALLA ROYALTY & STREAMING | Materials | 135.1K | $819K | 0.6% | -1.9% |
13F filing history
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