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Arthur Hayes Publishes Hard-Asset Portfolio Covering Miners, Oil Majors, Defense Stocks, Gold and Four Cryptos

The snapshot functions as a conviction signal rather than a full disclosure.

Overview

  • He posted the lineup on X on Feb. 23, listing equities in gold, silver, copper and uranium miners, major oil producers, defense contractors he called “merchants of death,” and Latin American energy names.
  • He identified four cryptocurrencies in his holdings: Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC) and HYPE.
  • He also confirmed ownership of physical gold separate from his mining stock exposure.
  • He did not provide position sizes or weights, and outlets noted the snapshot may exclude other private holdings.
  • Reporters linked the allocation to his long-stated macro thesis on inflation, monetary debasement and geopolitical risk, and noted his $100,000 six‑month wager that HYPE will outperform large‑cap altcoins.