1492 Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), 1492 Capital Management LLC reported 109 stock positions worth $185.2 million. Its top holding was WNS (WNS) at 3.7% of the portfolio, followed by Verona Pharma (VRNA, 3.4%) and Lantheus (LNTH, 3.2%). Compared with Q4 2024, it opened 20 new positions, sold out of 18, added to 27 and reduced 49. The biggest buy was WNS (WNS, shares +28%) and the biggest sale Jefferies Financial (JEF, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001584087
- Portfolio Value
- $185.2M (Q1 2025)
- SEC Filing
- 0001584087-25-000017 ↗ filed May 6, 2025
Holdings Value
Holdings 109 stocks · $185.2M
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 3.70% | 111,333 | $6.8M | Add +27.9% |
| VRNA Verona Pharma Ltd. | 3.41% | 99,327 | $6.3M | Reduce -0.7% |
| LNTH Lantheus Holdings Inc. | 3.24% | 61,389 | $6.0M | Reduce -0.4% |
| EHC Encompass Health Corp. | 3.18% | 58,112 | $5.9M | Reduce -0.7% |
| IMAX Imax Corp. | 2.99% | 209,974 | $5.5M | Reduce -0.6% |
| CRS Carpenter Technology | 2.96% | 30,254 | $5.5M | Reduce -36.0% |
| ZETA Zeta Global Holdings Corp. Class A | 2.88% | 393,867 | $5.3M | Reduce -0.7% |
| CPA Copa Holdings SA Class A | 2.86% | 57,246 | $5.3M | Reduce -0.7% |
| GENI Genius Sports Ltd. | 2.80% | 518,302 | $5.2M | Reduce -0.5% |
| FOUR SHIFT4 Payments Inc. Class A | 2.61% | 59,158 | $4.8M | Reduce -0.6% |
| SF Stifel Financial Corp. | 2.56% | 50,277 | $4.7M | Reduce -5.2% |
| HQY Healthequity Inc. | 2.52% | 52,884 | $4.7M | Add +16.5% |
| STRL Sterling Infrastructure Inc. | 2.41% | 39,349 | $4.5M | Reduce -0.6% |
| VBTX Veritex Holdings Inc. | 2.33% | 172,681 | $4.3M | Reduce -9.8% |
| ADTN Adtran Holdings Inc. | 2.26% | 480,248 | $4.2M | Add +31.9% |
| GDYN Grid Dynamics Holdings Inc. | 2.16% | 255,634 | $4.0M | Reduce -5.7% |
| MGNI Magnite Inc. | 2.01% | 325,802 | $3.7M | Reduce -0.6% |
| STC Stewart Information Services | 1.91% | 49,596 | $3.5M | Reduce -0.8% |
| CAKE The Cheesecake Factory Inc. | 1.80% | 68,362 | $3.3M | Reduce -2.5% |
| PEGA Pegasystems Inc. | 1.77% | 47,111 | $3.3M | Add +98.2% |
| KURA Kura Oncology Inc. | 1.53% | 429,746 | $2.8M | Add +25.4% |
| ACEL Accel Entertainment Inc. | 1.48% | 277,108 | $2.7M | Reduce -0.5% |
| SRAD Sportradar Group AG-A | 1.44% | 123,614 | $2.7M | Reduce -1.2% |
| ATI Ati Inc. | 1.43% | 51,032 | $2.7M | Add +104.4% |
| JEF Jefferies Financial Group Inc. | 1.42% | 49,222 | $2.6M | Reduce -49.4% |
| INR Infinity Natural Resour Class A | 1.37% | 135,617 | $2.5M | New |
| OLED Universal Display Corp. | 1.31% | 17,428 | $2.4M | Add +4.4% |
| PRIM Primoris Services Corp. | 1.30% | 41,849 | $2.4M | Reduce -4.5% |
| MNKD Mannkind Corp. | 1.30% | 477,246 | $2.4M | Reduce -1.3% |
| MTRX Matrix Service Co. | 1.23% | 183,852 | $2.3M | Reduce -0.0% |
| PR Permian Resources Corp. Class A | 1.23% | 164,860 | $2.3M | Add +0.0% |
| AIOT Powerfleet Inc. | 1.18% | 397,072 | $2.2M | New |
| MXL Maxlinear Inc. | 1.17% | 199,286 | $2.2M | Add +34.2% |
| GVA Granite Construction Inc. | 1.13% | 27,718 | $2.1M | Reduce -3.8% |
| ALHC Alignment Healthcare Inc. | 1.09% | 108,683 | $2.0M | Add +0.0% |
| WSBC Wesbanco Inc. | 1.07% | 63,718 | $2.0M | Add +41.9% |
| TCBX Third Coast Bancshares Inc. | 1.05% | 58,332 | $1.9M | Add +63.0% |
| SM SM Energy Co. | 1.04% | 64,297 | $1.9M | Reduce -0.1% |
| PNFP Pinnacle Financial Partners | 1.02% | 17,750 | $1.9M | Reduce -2.8% |
| DCGO Docgo Inc. | 0.95% | 663,499 | $1.8M | Reduce -21.7% |
| DKNG Draftkings Inc. Class A | 0.93% | 51,763 | $1.7M | Reduce -0.2% |
| GTLS Chart Industries Inc. | 0.91% | 11,666 | $1.7M | Add +3.4% |
| ARQ Arq Inc. | 0.86% | 382,816 | $1.6M | Reduce -1.5% |
| PIPR Piper Sandler Cos | 0.86% | 6,428 | $1.6M | Reduce -0.0% |
| SIMO Silicon Motion Technol-ADR | 0.86% | 31,391 | $1.6M | Add +2.5% |
| NPKI NPK International Inc. | 0.86% | 273,165 | $1.6M | Reduce -38.5% |
| SN Sharkninja Inc. | 0.84% | 18,692 | $1.6M | Reduce -63.6% |
| NVGS Navigator Holdings Ltd. | 0.81% | 112,397 | $1.5M | Add +320.1% |
| CALX Calix Inc. | 0.73% | 38,312 | $1.4M | Add +0.0% |
| GSM Ferroglobe PLC | 0.65% | 323,929 | $1.2M | Add +0.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.64% | 19,419 | $1.2M | Reduce -2.8% |
| GXO Gxo Logistics Inc. | 0.63% | 29,927 | $1.2M | Reduce -16.6% |
| THG Hanover Insurance Group Inc./ | 0.61% | 6,518 | $1.1M | Reduce -13.0% |
| PAYO Payoneer Global Inc. | 0.61% | 153,483 | $1.1M | New |
| VKTX Viking Therapeutics Inc. | 0.54% | 41,058 | $992K | New |
| ADMA Adma Biologics Inc. | 0.53% | 49,086 | $974K | New |
| MTH Meritage Homes Corp. | 0.52% | 13,485 | $956K | New |
| RNG Ringcentral Inc. Class A | 0.48% | 35,619 | $882K | Add +0.0% |
| MHO M/I Homes Inc. | 0.47% | 7,656 | $874K | New |
| GTLB Gitlab Inc. Class A | 0.45% | 17,873 | $840K | New |
| ASTH Astrana Health Inc. | 0.45% | 26,860 | $833K | Add +0.0% |
| OSCR Oscar Health Inc. Class A | 0.44% | 62,268 | $816K | Add +90.2% |
| QUIK Quicklogic Corp. | 0.42% | 153,492 | $784K | New |
| BKSY Blacksky Technology Inc. | 0.39% | 93,803 | $725K | New |
| LOVE The Lovesac Co. | 0.35% | 35,336 | $642K | Add +0.0% |
| GENK Gen Restaurant Group Inc. | 0.34% | 114,102 | $630K | Add +248.8% |
| WING Wingstop Inc. | 0.32% | 2,625 | $592K | New |
| BOOT Boot Barn Holdings Inc. | 0.32% | 5,475 | $588K | New |
| ANIP Ani Pharmaceuticals Inc. | 0.28% | 7,883 | $528K | Reduce -3.6% |
| EEM iShares MSCI Emerging Market | 0.28% | 11,938 | $522K | Reduce -3.2% |
| BTDR Bitdeer Technologies Group-A | 0.27% | 57,539 | $508K | Add +82.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.26% | 9,350 | $490K | Reduce -3.1% |
| AMKR Amkor Technology Inc. | 0.26% | 27,025 | $488K | Reduce -59.3% |
| INDI Indie Semiconductor Inc. Class A | 0.25% | 231,640 | $471K | Add +0.0% |
| TNDM Tandem Diabetes Care Inc. | 0.23% | 22,446 | $430K | New |
| VCSH Vanguard S/T Corp. Bond ETF | 0.20% | 4,713 | $372K | No change |
| DX Dynex Capital Inc. | 0.18% | 25,593 | $333K | No change |
| MSFT Microsoft Corp. | 0.17% | 819 | $307K | Reduce -4.3% |
| SPIB SS SPDR P Int C Corp. ETF | 0.17% | 9,206 | $306K | Reduce -15.6% |
| XRN Global Medical REIT Inc. | 0.16% | 34,835 | $305K | No change |
| META Meta Platforms Inc. Class A | 0.16% | 520 | $300K | Reduce -2.6% |
| DT Dynatrace Inc. | 0.14% | 5,607 | $264K | Reduce -75.9% |
| KMPR Kemper Corp. | 0.14% | 3,877 | $259K | New |
| GTY Getty Realty Corp. | 0.14% | 8,294 | $259K | No change |
| EEX Emerald Holding Inc. | 0.14% | 64,953 | $255K | Reduce -54.3% |
| GS Goldman Sachs Group Inc. | 0.13% | 455 | $249K | Reduce -3.8% |
| CADE Cadence Bank | 0.13% | 8,011 | $244K | No change |
| AUB Atlantic Union Bankshares Co. | 0.13% | 7,809 | $243K | New |
| PB Prosperity Bancshares Inc. | 0.13% | 3,384 | $242K | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.13% | 496 | $240K | New |
| WULF Terawulf Inc. | 0.13% | 85,144 | $232K | Add +0.0% |
| ADC Agree Realty Corp. | 0.12% | 2,973 | $229K | No change |
| ETN Eaton Corp. PLC | 0.12% | 843 | $229K | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 0.12% | 1,474 | $228K | Reduce -2.1% |
| FISV Fiserv Inc. | 0.12% | 1,000 | $221K | No change |
| ADEA Adeia Inc. | 0.12% | 16,282 | $215K | Reduce -3.2% |
| STAG Stag Industrial Inc. | 0.12% | 5,900 | $213K | New |
| OBK Origin Bancorp Inc. | 0.11% | 6,001 | $208K | New |
| ANDE The Andersons Inc. | 0.11% | 4,841 | $208K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 4,949 | $207K | Reduce -1.4% |
Options reported separately and not counted above: CPA calls ($231K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $419K (not counted above)
Total filed on the 13F, all lines: $185.6M.
Portfolio Sells Q4 2024 → Q1 2025
| JEF Jefferies Financial Group Inc. | Reduce -49.4% | 1.42% | −2.22 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −2.09 |
| SN Sharkninja Inc. | Reduce -63.6% | 0.84% | −1.55 |
| GLNG Golar LNG Ltd. | Sold out | 0.00% | −1.27 |
| CRS Carpenter Technology | Reduce -36.0% | 2.96% | −0.87 |
| URBN Urban Outfitters Inc. | Sold out | 0.00% | −0.82 |
| STRL Sterling Infrastructure Inc. | Reduce -0.6% | 2.41% | −0.78 |
| NPKI NPK International Inc. | Reduce -38.5% | 0.86% | −0.77 |
| DCGO Docgo Inc. | Reduce -21.7% | 0.95% | −0.77 |
| GDYN Grid Dynamics Holdings Inc. | Reduce -5.7% | 2.16% | −0.72 |
| BLKB Blackbaud Inc. | Sold out | 0.00% | −0.70 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −0.58 |
| AMKR Amkor Technology Inc. | Reduce -59.3% | 0.26% | −0.55 |
| ARQ Arq Inc. | Reduce -1.5% | 0.86% | −0.54 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -0.7% | 2.88% | −0.52 |
| MGNI Magnite Inc. | Reduce -0.6% | 2.01% | −0.48 |
| PTLO Portillo's Inc. Class A | Sold out | 0.00% | −0.47 |
| AXSM Axsome Therapeutics Inc. | Sold out | 0.00% | −0.46 |
| DT Dynatrace Inc. | Reduce -75.9% | 0.14% | −0.46 |
| ARHS Arhaus Inc. | Sold out | 0.00% | −0.44 |
| REPX Riley Exploration Permian Inc. | Sold out | 0.00% | −0.41 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -0.6% | 2.61% | −0.34 |
| PRIM Primoris Services Corp. | Reduce -4.5% | 1.30% | −0.30 |
| BTBT Bit Digital Inc. | Sold out | 0.00% | −0.22 |
| EEX Emerald Holding Inc. | Reduce -54.3% | 0.14% | −0.19 |
| MNKD Mannkind Corp. | Reduce -1.3% | 1.30% | −0.19 |
| VBTX Veritex Holdings Inc. | Reduce -9.8% | 2.33% | −0.15 |
| SM SM Energy Co. | Reduce -0.1% | 1.04% | −0.15 |
| LAZ Lazard Inc. | Sold out | 0.00% | −0.15 |
| IDCC Interdigital Inc. | Sold out | 0.00% | −0.14 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.14 |
| SF Stifel Financial Corp. | Reduce -5.2% | 2.56% | −0.13 |
| PBPB Potbelly Corp. | Sold out | 0.00% | −0.12 |
| GXO Gxo Logistics Inc. | Reduce -16.6% | 0.63% | −0.11 |
| SHOE Shoe Station Group Inc. | Sold out | 0.00% | −0.10 |
| ABCB Ameris Bancorp | Sold out | 0.00% | −0.10 |
| IDU iShares US Utilities ETF | Sold out | 0.00% | −0.10 |
| HOMB Home Bancshares Inc. | Sold out | 0.00% | −0.10 |
| GVA Granite Construction Inc. | Reduce -3.8% | 1.13% | −0.08 |
| PIPR Piper Sandler Cos | Reduce -0.0% | 0.86% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 0.12% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -0.9% | 0.12% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -4.1% | 0.11% | −0.01 |
| MSFT Microsoft Corp. | Reduce -4.3% | 0.17% | −0.01 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -15.6% | 0.17% | −0.01 |
| ADEA Adeia Inc. | Reduce -3.2% | 0.12% | +0.00 |
| GS Goldman Sachs Group Inc. | Reduce -3.8% | 0.13% | +0.01 |
| BAC Bank of America Corp. | Reduce -1.4% | 0.11% | +0.01 |
| DKNG Draftkings Inc. Class A | Reduce -0.2% | 0.93% | +0.01 |
| META Meta Platforms Inc. Class A | Reduce -2.6% | 0.16% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| WNS WNS Holdings Ltd. | Add +27.9% | 3.70% | +1.73 |
| INR Infinity Natural Resour Class A | New | 1.37% | +1.37 |
| AIOT Powerfleet Inc. | New | 1.18% | +1.18 |
| ADTN Adtran Holdings Inc. | Add +31.9% | 2.26% | +0.81 |
| ATI Ati Inc. | Add +104.4% | 1.43% | +0.78 |
| PEGA Pegasystems Inc. | Add +98.2% | 1.77% | +0.71 |
| NVGS Navigator Holdings Ltd. | Add +320.1% | 0.81% | +0.61 |
| PAYO Payoneer Global Inc. | New | 0.61% | +0.61 |
| VKTX Viking Therapeutics Inc. | New | 0.54% | +0.54 |
| ADMA Adma Biologics Inc. | New | 0.53% | +0.53 |
| MTH Meritage Homes Corp. | New | 0.52% | +0.52 |
| ALHC Alignment Healthcare Inc. | Add +0.0% | 1.09% | +0.51 |
| MHO M/I Homes Inc. | New | 0.47% | +0.47 |
| TCBX Third Coast Bancshares Inc. | Add +63.0% | 1.05% | +0.47 |
| GTLB Gitlab Inc. Class A | New | 0.45% | +0.45 |
| HQY Healthequity Inc. | Add +16.5% | 2.52% | +0.45 |
| QUIK Quicklogic Corp. | New | 0.42% | +0.42 |
| BKSY Blacksky Technology Inc. | New | 0.39% | +0.39 |
| WSBC Wesbanco Inc. | Add +41.9% | 1.07% | +0.37 |
| WING Wingstop Inc. | New | 0.32% | +0.32 |
| BOOT Boot Barn Holdings Inc. | New | 0.32% | +0.32 |
| TNDM Tandem Diabetes Care Inc. | New | 0.23% | +0.23 |
| OSCR Oscar Health Inc. Class A | Add +90.2% | 0.44% | +0.23 |
| GENK Gen Restaurant Group Inc. | Add +248.8% | 0.34% | +0.22 |
| OLED Universal Display Corp. | Add +4.4% | 1.31% | +0.15 |
| KMPR Kemper Corp. | New | 0.14% | +0.14 |
| AUB Atlantic Union Bankshares Co. | New | 0.13% | +0.13 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.13% | +0.13 |
| STAG Stag Industrial Inc. | New | 0.12% | +0.12 |
| OBK Origin Bancorp Inc. | New | 0.11% | +0.11 |
| ANDE The Andersons Inc. | New | 0.11% | +0.11 |
| AMGN Amgen Inc. | New | 0.11% | +0.11 |
| KURA Kura Oncology Inc. | Add +25.4% | 1.53% | +0.11 |
| PR Permian Resources Corp. Class A | Add +0.0% | 1.23% | +0.10 |
| CALX Calix Inc. | Add +0.0% | 0.73% | +0.10 |
| SIMO Silicon Motion Technol-ADR | Add +2.5% | 0.86% | +0.07 |
| GSM Ferroglobe PLC | Add +0.0% | 0.65% | +0.06 |
| ASTH Astrana Health Inc. | Add +0.0% | 0.45% | +0.05 |
| CRGY Crescent Energy Inc. Class A | Add +6.7% | 0.11% | −0.01 |
| SHIM Shimmick Corp. | Add +0.0% | 0.11% | −0.03 |
| BTDR Bitdeer Technologies Group-A | Add +82.7% | 0.27% | −0.05 |
| LOVE The Lovesac Co. | Add +0.0% | 0.35% | −0.05 |
| WULF Terawulf Inc. | Add +0.0% | 0.13% | −0.10 |
| GTLS Chart Industries Inc. | Add +3.4% | 0.91% | −0.12 |
| RNG Ringcentral Inc. Class A | Add +0.0% | 0.48% | −0.12 |
| INDI Indie Semiconductor Inc. Class A | Add +0.0% | 0.25% | −0.19 |
| MXL Maxlinear Inc. | Add +34.2% | 1.17% | −0.23 |
Options Activity Q4 2024 → Q1 2025
| CPA Copa Holdings SA Class A | call | New | 2,500 | $231K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 131 | $338.3M | MXL, CRS, ALHC, AAOI, STRL |
| Q1 2026 | 128 | $262.5M | CRS, AAOI, ADTN, ZETA, LITE |
| Q4 2025 | 113 | $254.1M | CRS, ZETA, AAOI, CPA, GDYN |
| Q3 2025 | 111 | $246.6M | ZETA, MGNI, IMAX, CPA, CRS |
| Q2 2025 | 111 | $216.3M | VRNA, MGNI, CRS, WNS, CPA |
| Q1 2025 | 109 | $185.2M | WNS, VRNA, LNTH, EHC, IMAX |
| Q4 2024 | 107 | $209.5M | CRS, JEF, ZETA, STRL, FOUR |
| Q3 2024 | 97 | $199.4M | ZETA, CRS, LNTH, STRL, JEF |
| Q2 2024 | 93 | $176.3M | ZETA, CRS, PENG, CPA, STRL |
| Q1 2024 | 91 | $179.2M | PENG, CPA, CRS, EXAS, ZETA |