3EDGE Asset Management, LP

Long Only Manager

3EDGE Asset Management, LP is a Long Only Manager based in Naples, FL led by Stephen Joseph Cucchiaro, managing $1.7B across 91 long positions as of Q3 2025 with 85% ETF concentration and 67% concentrated in top 10 holdings.

CEOStephen Joseph Cucchiaro

Portfolio Value: $1.7B
Positions: 91
Top Holding: GLDM at 11.87%
Last Reported: Q3 2025

Address999 Vanderbilt Beach Road, Suite 200, Naples, FL, 34108, United States

Top Holdings

Largest long holdings in 3EDGE Asset Management, LP's portfolio (66.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 GLDM SPDR Gold MiniShares Trust GLDM	Unknown Unknown	$206.4M	11.87%	+$37.4M Bought	— 2.7M shares	Q4 2022 Held for 2y 11m
2 SPDR Portfolio Emerging Markets SPEM	ETF ETF	$151.4M	8.70%	+$2.5M Bought	— 3.2M shares	Q4 2024 Held for 11 months
3 JPMorgan BetaBuilders Japan BBJP	ETF ETF	$125.3M	7.20%	+$78.0M Bought	— 1.9M shares	Q1 2025 Held for 8 months
4 iShares 0-5 Year TIPS Bond STIP	ETF ETF	$121.9M	7.01%	+$6.5M Bought	— 1.2M shares	Q1 2021 Held for 4y 8m
5 Vanguard Total International Stock VXUS	ETF ETF	$120.6M	6.93%	+$5.4M Bought	— 1.6M shares	Q4 2024 Held for 11 months
6 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$110.4M	6.35%	-$122.2M Sold	— 1.2M shares	Q4 2023 Held for 1y 11m
7 iShares Core S&P 500 ETF IVV	ETF ETF	$100.5M	5.78%	-$6.2M Sold	— 150.1K shares	Q4 2018 Held for 6y 11m
8 Vanguard Total World Stock VT	ETF ETF	$97.5M	5.60%	+$97.5M Bought	— 707.4K shares	Q3 2025 Held for 2 months
9 iShares 7-10 Year Treasury Bond IEF	ETF ETF	$71.6M	4.11%	+$1.7M Bought	— 741.9K shares	Q1 2020 Held for 5y 8m
10 HGER Harbor Commodity All-Weather Strategy HGER	ETF ETF	$52.4M	3.01%	+$33.9M Bought	— 2.0M shares	Q2 2024 Held for 1y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in 3EDGE Asset Management, LP's latest filing

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Market Value

$1.7B

Prior: $1.6B

Q/Q Change

+10.66%

+$167.6M

Net Flows % of MV

-1.02%

Turnover Ratio

21.61%

New Purchases

8 stocks

$92.4M

Added To

38 stocks

+$215.8M

Sold Out Of

10 stocks

$151.7M

Reduced Holdings

32 stocks

-$174.2M

Increased Positions

Position	Shares Δ	Change
1 PSLV Sprott Physical Silver Trust PSLV	New	0 → 2.2M +$34.4M
2 WisdomTree Efficient Gold Plus Gold Miners Strategy GDMN	New	0 → 325.0K +$25.6M
3 VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	New	0 → 358.7K +$18.2M
4 Invesco NASDAQ 100 ETF QQQM	New	0 → 40.3K +$9.9M
5 GPIX Goldman Sachs S&P 500 Core Premium Income GPIX	New	0 → 38.9K +$2.0M

Decreased Positions

Position	Shares Δ	Change
1 IVVB iShares Large Cap Deep Buffer ETF IVVB	Sold	3.0M → 0 −$91.8M
2 Sprott Physical Gold and Silver Trust CEF	Sold	589.3K → 0 −$17.6M
3 PHYS Sprott Physical Gold Trust PHYS	Sold	688.4K → 0 −$17.2M
4 Innovator U.S. Equity Buffer ETF BJUN	Sold	222.3K → 0 −$9.7M
5 Innovator U.S. Equity 5 to 15 Buffer ETF EALT	Sold	286.3K → 0 −$9.3M