ARMOR ADVISORS, L.L.C.

NEW YORK, NY · CIK 1600698 · 13F filing filed 2026-08-10

SEC-registered investment adviser since 2012 · limited liability company

As an employer

$122.4m reported value +36.4% vs Q1 2026

15positions

91.2%in top 10

1 new 5 added 9 reduced 0 sold out vs Q1 2026

Options: 1 call positions ($17.7m notional), 0 put positions (— notional) – listed below, not included above.

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CRH PLC ORD CRH	CRH	250,577	$26.8m21.90%	21.90%	Reduced -7.1k	-7,112 -2.8%
2	NAVIOS MARITIME PARTNERS L P COM UNIT LPI NMM	NMM	196,191	$13.7m11.23%	11.23%	Reduced -5.6k	-5,585 -2.8%
3	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	151,264	$13.0m10.64%	10.64%	Added +104.2k	+104,204 221.4%
4	ZOETIS INC CL A ZTS	ZTS	167,197	$12.0m9.82%	9.82%	Added +134.8k	+134,847 416.8%
5	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	137,171	$11.9m9.71%	9.71%	Reduced -3.9k	-3,909 -2.8%
6	DEVON ENERGY CORP NEW COM DVN	DVN	216,361	$8.9m7.30%	7.30%	Added +187.4k	+187,361 646.1%
7	ALAMOS GOLD INC NEW COM CL A AGI	AGI	258,383	$7.8m6.40%	6.40%	Reduced -7.4k	-7,362 -2.8%
8	BECTON DICKINSON & CO COM BDX	BDX	46,481	$7.0m5.75%	5.75%	New
9	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	2,510	$5.2m4.27%	4.27%	Reduced -71	-71 -2.8%
10	EOG RES INC COM EOG	EOG	38,993	$5.1m4.13%	4.13%	Added +36.0k	+35,993 1199.8%
11	SKEENA RES LTD NEW COM SKE	SKE	143,756	$3.8m3.13%	3.13%	Reduced -4.1k	-4,091 -2.8%
12	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	14,882	$3.5m2.89%	2.89%	Reduced -1.9k	-1,922 -11.4%
13	OSISKO DEVELOPMENT CORP COM NEW COM NEW		522,172	$1.3m1.05%	1.05%	Added +169.2k	+169,172 47.9%
14	SEABRIDGE GOLD INC COM COM		49,716	$1.3m1.05%	1.05%	Reduced -1.4k	-1,416 -2.8%
15	ENDEAVOUR SILVER CORP COM EXK	EXK	108,911	$901.8k0.74%	0.74%	Reduced -3.1k	-3,089 -2.8%

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR GOLD TR GLD · Call	GLD	Call	48,000	$17.7m48.0k shares	Unchanged