Royal Palms Capital LLC

WHITEFISH, MT · CIK 2107886 · 13F filing filed 2026-05-07

SEC-registered investment adviser since 2025 · limited liability company

Assets managed$124.2m
Staff1 · 1 in investment roles
Main clients (by assets)High net worth individuals 87%, Individuals 13%
Websiteroyalpalmscapital.com
Form ADV · 2026-06-29SEC adviser record

$101.0m reported value +19.8% vs Q4 2025

50positions

43.3%in top 10

17 new 11 added 20 reduced 2 sold out vs Q4 2025

This report includes the holdings of 6 other managers that share the investment decisions:

Brandes – no 13F of its own this quarter
Invesco – no 13F of its own this quarter
Schafer Cullen – no 13F of its own this quarter
State Street – no 13F of its own this quarter
TCW – no 13F of its own this quarter
Winans – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2026

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	INTEL CORP COM INTC	INTC	121,627	$5.4m5.32%	5.32%	Added +47.6k	+47,647 64.4%
2	CORNING INC COM GLW	GLW	37,121	$5.0m5.00%	5.00%	Reduced -5.2k	-5,177 -12.2%
3	KINDER MORGAN INC DEL COM KMI	KMI	135,276	$4.5m4.49%	4.49%	Reduced -10.1k	-10,085 -6.9%
4	NEWMONT CORP COM NEM	NEM	41,579	$4.5m4.46%	4.46%	Reduced -10.2k	-10,158 -19.6%
5	GLOBAL SHIP LEASE INC NEW COM CL A GSL	GSL	119,340	$4.4m4.40%	4.40%	Added +14.7k	+14,745 14.1%
6	EXXON MOBIL CORP COM XOM	XOM	26,103	$4.4m4.39%	4.39%	Reduced -1.0k	-1,004 -3.7%
7	VIATRIS INC COM VTRS	VTRS	301,482	$4.1m4.03%	4.03%	Added +133.5k	+133,453 79.4%
8	ABBVIE INC COM ABBV	ABBV	17,734	$3.9m3.82%	3.82%	Added +90	+90 0.5%
9	REGIONS FINANCIAL CORP NEW COM RF	RF	146,772	$3.8m3.80%	3.80%	Reduced -5.9k	-5,885 -3.9%
10	ENBRIDGE INC COM ENB	ENB	66,120	$3.6m3.55%	3.55%	Reduced -583	-583 -0.9%
11	ABB LTD SPONSORED ADR ABBNY	ABBNY	42,317	$3.4m3.37%	3.37%	Reduced -5.0k	-4,980 -10.5%
12	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	87,590	$3.3m3.28%	3.28%	Added +30.5k	+30,500 53.4%
13	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	13,471	$3.3m3.23%	3.23%	Reduced -458	-458 -3.3%
14	SMITHFIELD FOODS INC COM SFD	SFD	112,820	$3.2m3.13%	3.13%	Added +54.9k	+54,935 94.9%
15	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	157,395	$3.0m3.01%	3.01%	Reduced -3.8k	-3,775 -2.3%
16	TEXAS INSTRS INC COM TXN	TXN	15,310	$3.0m2.94%	2.94%	Reduced -300	-300 -1.9%
17	AFLAC INC COM AFL	AFL	27,037	$3.0m2.94%	2.94%	Added +170	+170 0.6%
18	PPL CORP COM PPL	PPL	72,590	$2.8m2.75%	2.75%	Reduced -747	-747 -1.0%
19	VALERO ENERGY CORP COM VLO	VLO	10,874	$2.7m2.66%	2.66%	New
20	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		88,790	$2.7m2.65%	2.65%	Reduced -25.1k	-25,067 -22.0%
21	SCHWAB CHARLES CORP COM SCHW	SCHW	28,034	$2.6m2.61%	2.61%	Reduced -1.1k	-1,055 -3.6%
22	ISHARES SILVER TR ISHARES SLV	SLV	37,767	$2.6m2.55%	2.55%	Reduced -41.5k	-41,474 -52.3%
23	CHEVRON CORP NEW COM CVX	CVX	12,109	$2.5m2.48%	2.48%	Reduced -454	-454 -3.6%
24	UNILEVER PLC SPON ADR NEW UL	UL	39,359	$2.2m2.22%	2.22%	Reduced -2.0k	-1,988 -4.8%
25	PAN AMERN SILVER CORP COM PAAS	PAAS	35,835	$2.0m1.94%	1.94%	Reduced -6.0k	-6,045 -14.4%
26	DESWELL INDS INC COM DSWL	DSWL	642,017	$1.9m1.90%	1.90%	Added +181.1k	+181,124 39.3%
27	LLOYDS BANKING GROUP PLC SPONSORED ADR LYG	LYG	375,661	$1.9m1.87%	1.87%	Added +97.0k	+97,000 34.8%
28	FREEPORT-MCMORAN INC CL B FCX	FCX	28,488	$1.7m1.66%	1.66%	Reduced -1.4k	-1,423 -4.8%
29	CITIZENS FINL GROUP INC COM CFG	CFG	25,615	$1.5m1.52%	1.52%	Added +8.0k	+8,005 45.5%
30	SPDR GOLD TR GOLD SHS GLD	GLD	2,855	$1.2m1.22%	1.22%	New
31	ALTRIA GROUP INC COM MO	MO	15,354	$1.0m1.00%	1.00%	Reduced -16	-16 -0.1%
32	PROCTER AND GAMBLE CO COM PG	PG	5,380	$777.1k0.77%	0.77%	New
33	MICROSOFT CORP COM MSFT	MSFT	1,718	$636.0k0.63%	0.63%	New
34	MERCK & CO INC COM MRK	MRK	5,130	$617.1k0.61%	0.61%	New
35	RADNET INC COM RDNT	RDNT	10,000	$558.9k0.55%	0.55%	Unchanged
36	TESLA INC COM TSLA	TSLA	1,340	$498.1k0.49%	0.49%	New
37	COSTCO WHSL CORP NEW COM COST	COST	413	$411.6k0.41%	0.41%	New
38	ALPS ETF TR OSHARES US SMLCP OUSM	OUSM	9,280	$405.9k0.40%	0.40%	Reduced -1.1k	-1,115 -10.7%
39	GE AEROSPACE COM NEW GE	GE	1,241	$352.2k0.35%	0.35%	New
40	AMGEN INC COM AMGN	AMGN	792	$278.7k0.28%	0.28%	New
41	HOME DEPOT INC COM HD	HD	825	$271.3k0.27%	0.27%	New
42	GE VERNOVA INC COM GEV	GEV	299	$261.0k0.26%	0.26%	New
43	US BANCORP DEL COM NEW USB	USB	4,475	$232.7k0.23%	0.23%	New
44	UNITED STATES ANTIMONY CORP COM UAMY	UAMY	24,700	$215.6k0.21%	0.21%	Unchanged
45	AMERICAS GOLD AND SILVER COR COM NEW USAS	USAS	32,900	$171.7k0.17%	0.17%	New
46	GOLD ROYALTY CORP COMMON SHARES GROY	GROY	16,000	$57.3k0.06%	0.06%	New
47	B2GOLD CORP COM BTG	BTG	10,000	$45.3k0.04%	0.04%	New
48	WILTON RES INC F FGC WLTNF	WLTNF	137,000	$34.5k0.03%	0.03%	New
49	UR-ENERGY INC COM URG	URG	20,000	$29.8k0.03%	0.03%	New
50	BUDWEISER BREWING COM BDWBF	BDWBF	12,091	$11.1k0.01%	0.01%	Added +1.1k	+1,145 10.5%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
KRAFT HEINZ CO KHC	KHC	19,870	$481.8k19.9k shares
AMBEV SA ABEV	ABEV	11,726	$29.0k11.7k shares