1492 Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), 1492 Capital Management LLC reported 111 stock positions worth $216.3 million. Its top holding was Verona Pharma (VRNA) at 4.3% of the portfolio, followed by Magnite (MGNI, 3.6%) and Carpenter Technology (CRS, 3.5%). Compared with Q1 2025, it opened 17 new positions, sold out of 15, added to 31 and reduced 43. The biggest buy was Tandem Diabetes Care (TNDM, shares +741%) and the biggest sale an exit from Encompass Health (EHC).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001584087
- Portfolio Value
- $216.3M (Q2 2025)
- SEC Filing
- 0001584087-25-000019 ↗ filed Aug 13, 2025
Holdings Value
Holdings 111 stocks · $216.3M
| VRNA Verona Pharma Ltd. | 4.29% | 98,057 | $9.3M | Reduce -1.3% |
| MGNI Magnite Inc. | 3.59% | 321,921 | $7.8M | Reduce -1.2% |
| CRS Carpenter Technology | 3.50% | 27,373 | $7.6M | Reduce -9.5% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 3.30% | 112,932 | $7.1M | Add +1.4% |
| CPA Copa Holdings SA Class A | 2.86% | 56,266 | $6.2M | Reduce -1.7% |
| ZETA Zeta Global Holdings Corp. Class A | 2.78% | 388,057 | $6.0M | Reduce -1.5% |
| IMAX Imax Corp. | 2.68% | 207,221 | $5.8M | Reduce -1.3% |
| FOUR SHIFT4 Payments Inc. Class A | 2.67% | 58,254 | $5.8M | Reduce -1.5% |
| HQY Healthequity Inc. | 2.52% | 52,078 | $5.5M | Reduce -1.5% |
| GENI Genius Sports Ltd. | 2.46% | 512,249 | $5.3M | Reduce -1.2% |
| SF Stifel Financial Corp. | 2.37% | 49,366 | $5.1M | Reduce -1.8% |
| LNTH Lantheus Holdings Inc. | 2.36% | 62,292 | $5.1M | Add +1.5% |
| PEGA Pegasystems Inc. | 2.33% | 93,028 | $5.0M | Add +97.5% |
| JEF Jefferies Financial Group Inc. | 2.22% | 87,653 | $4.8M | Add +78.1% |
| ADTN Adtran Holdings Inc. | 1.96% | 472,980 | $4.2M | Reduce -1.5% |
| CAKE The Cheesecake Factory Inc. | 1.95% | 67,348 | $4.2M | Reduce -1.5% |
| SRAD Sportradar Group AG-A | 1.65% | 126,949 | $3.6M | Add +2.7% |
| TNDM Tandem Diabetes Care Inc. | 1.63% | 188,754 | $3.5M | Add +740.9% |
| INR Infinity Natural Resour Class A | 1.54% | 181,550 | $3.3M | Add +33.9% |
| ACEL Accel Entertainment Inc. | 1.49% | 273,383 | $3.2M | Reduce -1.3% |
| DKNG Draftkings Inc. Class A | 1.44% | 72,614 | $3.1M | Add +40.3% |
| MTH Meritage Homes Corp. | 1.38% | 44,687 | $3.0M | Add +231.4% |
| SN Sharkninja Inc. | 1.37% | 30,034 | $3.0M | Add +60.7% |
| GTLS Chart Industries Inc. | 1.36% | 17,907 | $2.9M | Add +53.5% |
| GDYN Grid Dynamics Holdings Inc. | 1.35% | 252,331 | $2.9M | Reduce -1.3% |
| MXL Maxlinear Inc. | 1.29% | 196,938 | $2.8M | Reduce -1.2% |
| STRL Sterling Infrastructure Inc. | 1.28% | 12,007 | $2.8M | Reduce -69.5% |
| SIMO Silicon Motion Technol-ADR | 1.26% | 36,211 | $2.7M | Add +15.3% |
| GVA Granite Construction Inc. | 1.16% | 26,913 | $2.5M | Reduce -2.9% |
| KURA Kura Oncology Inc. | 1.13% | 423,947 | $2.4M | Reduce -1.4% |
| PRIM Primoris Services Corp. | 1.11% | 30,910 | $2.4M | Reduce -26.1% |
| PR Permian Resources Corp. Class A | 1.10% | 173,979 | $2.4M | Add +5.5% |
| AMKR Amkor Technology Inc. | 1.05% | 107,772 | $2.3M | Add +298.8% |
| MTRX Matrix Service Co. | 0.98% | 156,539 | $2.1M | Reduce -14.9% |
| NVGS Navigator Holdings Ltd. | 0.97% | 148,750 | $2.1M | Add +32.3% |
| ARQ Arq Inc. | 0.94% | 377,839 | $2.0M | Reduce -1.3% |
| AVAV Aerovironment Inc. | 0.93% | 7,044 | $2.0M | New |
| AIOT Powerfleet Inc. | 0.92% | 460,853 | $2.0M | Add +16.1% |
| PNFP Pinnacle Financial Partners | 0.91% | 17,750 | $2.0M | No change |
| WSBC Wesbanco Inc. | 0.91% | 61,889 | $2.0M | Reduce -2.9% |
| STC Stewart Information Services | 0.90% | 29,971 | $2.0M | Reduce -39.6% |
| LITE Lumentum Holdings Inc. | 0.89% | 20,327 | $1.9M | New |
| BKSY Blacksky Technology Inc. | 0.89% | 93,803 | $1.9M | No change |
| TCBX Third Coast Bancshares Inc. | 0.88% | 58,332 | $1.9M | No change |
| OLED Universal Display Corp. | 0.86% | 12,052 | $1.9M | Reduce -30.9% |
| PAYO Payoneer Global Inc. | 0.86% | 270,172 | $1.9M | Add +76.0% |
| AUB Atlantic Union Bankshares Co. | 0.82% | 56,909 | $1.8M | Add +628.8% |
| MHO M/I Homes Inc. | 0.81% | 15,580 | $1.7M | Add +103.5% |
| HBM Hudbay Minerals Inc. | 0.81% | 164,554 | $1.7M | Add +563.3% |
| ADMA Adma Biologics Inc. | 0.81% | 95,803 | $1.7M | Add +95.2% |
| MNKD Mannkind Corp. | 0.80% | 461,550 | $1.7M | Reduce -3.3% |
| INDI Indie Semiconductor Inc. Class A | 0.80% | 483,687 | $1.7M | Add +108.8% |
| ATI Ati Inc. | 0.79% | 19,754 | $1.7M | Reduce -61.3% |
| DT Dynatrace Inc. | 0.76% | 29,588 | $1.6M | Add +427.7% |
| SM SM Energy Co. | 0.74% | 64,417 | $1.6M | Add +0.2% |
| GXO Gxo Logistics Inc. | 0.67% | 29,927 | $1.5M | No change |
| DHT DHT Holdings Inc. | 0.66% | 131,136 | $1.4M | New |
| PBPB Potbelly Corp. | 0.65% | 114,297 | $1.4M | New |
| DEFT Defi Technologies Inc. | 0.64% | 472,314 | $1.4M | New |
| GTLB Gitlab Inc. Class A | 0.63% | 30,123 | $1.4M | Add +68.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.60% | 19,212 | $1.3M | Reduce -1.1% |
| NPKI NPK International Inc. | 0.59% | 151,055 | $1.3M | Reduce -44.7% |
| AXSM Axsome Therapeutics Inc. | 0.57% | 11,843 | $1.2M | New |
| ALHC Alignment Healthcare Inc. | 0.56% | 86,100 | $1.2M | Reduce -20.8% |
| GSM Ferroglobe PLC | 0.55% | 323,929 | $1.2M | No change |
| LYFT LYFT Inc. Class A | 0.51% | 69,736 | $1.1M | New |
| VKTX Viking Therapeutics Inc. | 0.50% | 41,010 | $1.1M | Reduce -0.1% |
| RNG Ringcentral Inc. Class A | 0.47% | 35,619 | $1.0M | No change |
| QUIK Quicklogic Corp. | 0.44% | 154,090 | $949K | Add +0.4% |
| WING Wingstop Inc. | 0.41% | 2,625 | $884K | No change |
| BOOT Boot Barn Holdings Inc. | 0.38% | 5,475 | $832K | No change |
| PLOW Douglas Dynamics Inc. | 0.32% | 23,820 | $702K | New |
| BTDR Bitdeer Technologies Group-A | 0.31% | 57,539 | $661K | No change |
| DDI Doubledown Interactive -ADR | 0.27% | 61,958 | $593K | New |
| EEM iShares MSCI Emerging Market | 0.26% | 11,777 | $568K | Reduce -1.4% |
| ANIP Ani Pharmaceuticals Inc. | 0.23% | 7,683 | $501K | Reduce -2.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.22% | 9,148 | $483K | Reduce -2.2% |
| GENK Gen Restaurant Group Inc. | 0.21% | 114,102 | $445K | No change |
| MSFT Microsoft Corp. | 0.19% | 808 | $402K | Reduce -1.3% |
| META Meta Platforms Inc. Class A | 0.18% | 514 | $379K | Reduce -1.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.17% | 4,713 | $375K | No change |
| WULF Terawulf Inc. | 0.17% | 85,144 | $373K | No change |
| VBTX Veritex Holdings Inc. | 0.15% | 12,252 | $320K | Reduce -92.9% |
| DX Dynex Capital Inc. | 0.14% | 25,593 | $313K | No change |
| ADEA Adeia Inc. | 0.14% | 21,555 | $305K | Add +32.4% |
| KMPR Kemper Corp. | 0.14% | 4,650 | $300K | Add +19.9% |
| ETN Eaton Corp. PLC | 0.14% | 832 | $297K | Reduce -1.3% |
| SPIB SS SPDR P Int C Corp. ETF | 0.13% | 8,508 | $286K | Reduce -7.6% |
| XRN Global Medical REIT Inc. | 0.13% | 40,496 | $281K | Add +16.3% |
| BA The Boeing Co. | 0.13% | 1,297 | $272K | New |
| KALU Kaiser Aluminum Corp. | 0.13% | 3,400 | $272K | New |
| XHR Xenia Hotels & Resorts Inc. | 0.12% | 20,798 | $261K | Add +28.8% |
| AROC Archrock Inc. | 0.12% | 10,481 | $260K | New |
| CADE Cadence Bank | 0.12% | 8,011 | $256K | No change |
| ARLO Arlo Technologies Inc. | 0.12% | 14,750 | $250K | Reduce -16.3% |
| PB Prosperity Bancshares Inc. | 0.11% | 3,384 | $238K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 4,886 | $231K | Reduce -1.3% |
| AMZN Amazon.com Inc. | 0.11% | 1,053 | $231K | Reduce -1.9% |
| GTY Getty Realty Corp. | 0.11% | 8,294 | $229K | No change |
| GOOGL Alphabet Inc. Class A | 0.11% | 1,299 | $229K | Reduce -11.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $821K (not counted above)
Total filed on the 13F, all lines: $217.1M.
Portfolio Sells Q1 2025 → Q2 2025
| EHC Encompass Health Corp. | Sold out | 0.00% | −3.18 |
| VBTX Veritex Holdings Inc. | Reduce -92.9% | 0.15% | −2.18 |
| STRL Sterling Infrastructure Inc. | Reduce -69.5% | 1.28% | −1.12 |
| STC Stewart Information Services | Reduce -39.6% | 0.90% | −1.01 |
| DCGO Docgo Inc. | Sold out | 0.00% | −0.95 |
| PIPR Piper Sandler Cos | Sold out | 0.00% | −0.86 |
| GDYN Grid Dynamics Holdings Inc. | Reduce -1.3% | 1.35% | −0.81 |
| CALX Calix Inc. | Sold out | 0.00% | −0.73 |
| ATI Ati Inc. | Reduce -61.3% | 0.79% | −0.65 |
| THG Hanover Insurance Group Inc./ | Sold out | 0.00% | −0.61 |
| ALHC Alignment Healthcare Inc. | Reduce -20.8% | 0.56% | −0.54 |
| MNKD Mannkind Corp. | Reduce -3.3% | 0.80% | −0.50 |
| OLED Universal Display Corp. | Reduce -30.9% | 0.86% | −0.45 |
| ASTH Astrana Health Inc. | Sold out | 0.00% | −0.45 |
| OSCR Oscar Health Inc. Class A | Sold out | 0.00% | −0.44 |
| KURA Kura Oncology Inc. | Reduce -1.4% | 1.13% | −0.40 |
| LOVE The Lovesac Co. | Sold out | 0.00% | −0.35 |
| GENI Genius Sports Ltd. | Reduce -1.2% | 2.46% | −0.34 |
| IMAX Imax Corp. | Reduce -1.3% | 2.68% | −0.31 |
| ADTN Adtran Holdings Inc. | Reduce -1.5% | 1.96% | −0.30 |
| NPKI NPK International Inc. | Reduce -44.7% | 0.59% | −0.26 |
| MTRX Matrix Service Co. | Reduce -14.9% | 0.98% | −0.26 |
| SF Stifel Financial Corp. | Reduce -1.8% | 2.37% | −0.19 |
| PRIM Primoris Services Corp. | Reduce -26.1% | 1.11% | −0.18 |
| WSBC Wesbanco Inc. | Reduce -2.9% | 0.91% | −0.16 |
| EEX Emerald Holding Inc. | Sold out | 0.00% | −0.14 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.13 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.13 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.12 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.11 |
| CRGY Crescent Energy Inc. Class A | Sold out | 0.00% | −0.11 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -1.5% | 2.78% | −0.10 |
| ANIP Ani Pharmaceuticals Inc. | Reduce -2.5% | 0.23% | −0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -2.2% | 0.22% | −0.04 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.1% | 0.60% | −0.04 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -7.6% | 0.13% | −0.03 |
| VKTX Viking Therapeutics Inc. | Reduce -0.1% | 0.50% | −0.03 |
| SHIM Shimmick Corp. | Reduce -2.5% | 0.09% | −0.02 |
| EEM iShares MSCI Emerging Market | Reduce -1.4% | 0.26% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -11.9% | 0.11% | −0.02 |
| BAC Bank of America Corp. | Reduce -1.3% | 0.11% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 0.11% | −0.00 |
| HQY Healthequity Inc. | Reduce -1.5% | 2.52% | −0.00 |
| SYRS Syros Pharmaceuticals Inc. | Sold out | 0.00% | −0.00 |
| CPA Copa Holdings SA Class A | Reduce -1.7% | 2.86% | +0.00 |
| ACEL Accel Entertainment Inc. | Reduce -1.3% | 1.49% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -1.1% | 0.18% | +0.01 |
| ETN Eaton Corp. PLC | Reduce -1.3% | 0.14% | +0.01 |
| MSFT Microsoft Corp. | Reduce -1.3% | 0.19% | +0.02 |
| ARLO Arlo Technologies Inc. | Reduce -16.3% | 0.12% | +0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| TNDM Tandem Diabetes Care Inc. | Add +740.9% | 1.63% | +1.39 |
| AVAV Aerovironment Inc. | New | 0.93% | +0.93 |
| LITE Lumentum Holdings Inc. | New | 0.89% | +0.89 |
| MTH Meritage Homes Corp. | Add +231.4% | 1.38% | +0.87 |
| JEF Jefferies Financial Group Inc. | Add +78.1% | 2.22% | +0.79 |
| AMKR Amkor Technology Inc. | Add +298.8% | 1.05% | +0.78 |
| HBM Hudbay Minerals Inc. | Add +563.3% | 0.81% | +0.71 |
| AUB Atlantic Union Bankshares Co. | Add +628.8% | 0.82% | +0.69 |
| DHT DHT Holdings Inc. | New | 0.66% | +0.66 |
| PBPB Potbelly Corp. | New | 0.65% | +0.65 |
| DEFT Defi Technologies Inc. | New | 0.64% | +0.64 |
| DT Dynatrace Inc. | Add +427.7% | 0.76% | +0.61 |
| AXSM Axsome Therapeutics Inc. | New | 0.57% | +0.57 |
| PEGA Pegasystems Inc. | Add +97.5% | 2.33% | +0.56 |
| INDI Indie Semiconductor Inc. Class A | Add +108.8% | 0.80% | +0.54 |
| SN Sharkninja Inc. | Add +60.7% | 1.37% | +0.53 |
| DKNG Draftkings Inc. Class A | Add +40.3% | 1.44% | +0.51 |
| LYFT LYFT Inc. Class A | New | 0.51% | +0.51 |
| GTLS Chart Industries Inc. | Add +53.5% | 1.36% | +0.45 |
| SIMO Silicon Motion Technol-ADR | Add +15.3% | 1.26% | +0.40 |
| MHO M/I Homes Inc. | Add +103.5% | 0.81% | +0.34 |
| PLOW Douglas Dynamics Inc. | New | 0.32% | +0.32 |
| ADMA Adma Biologics Inc. | Add +95.2% | 0.81% | +0.28 |
| DDI Doubledown Interactive -ADR | New | 0.27% | +0.27 |
| PAYO Payoneer Global Inc. | Add +76.0% | 0.86% | +0.25 |
| SRAD Sportradar Group AG-A | Add +2.7% | 1.65% | +0.21 |
| GTLB Gitlab Inc. Class A | Add +68.5% | 0.63% | +0.17 |
| NVGS Navigator Holdings Ltd. | Add +32.3% | 0.97% | +0.17 |
| INR Infinity Natural Resour Class A | Add +33.9% | 1.54% | +0.16 |
| BA The Boeing Co. | New | 0.13% | +0.13 |
| KALU Kaiser Aluminum Corp. | New | 0.13% | +0.13 |
| AROC Archrock Inc. | New | 0.12% | +0.12 |
| ABCB Ameris Bancorp | New | 0.10% | +0.10 |
| LGND Ligand Pharmaceuticals | New | 0.10% | +0.10 |
| IDCC Interdigital Inc. | New | 0.10% | +0.10 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.10% | +0.10 |
| JILL J. Jill Inc. | New | 0.07% | +0.07 |
| ADEA Adeia Inc. | Add +32.4% | 0.14% | +0.02 |
| XHR Xenia Hotels & Resorts Inc. | Add +28.8% | 0.12% | +0.02 |
| QUIK Quicklogic Corp. | Add +0.4% | 0.44% | +0.02 |
| KMPR Kemper Corp. | Add +19.9% | 0.14% | −0.00 |
| ANDE The Andersons Inc. | Add +28.4% | 0.11% | −0.01 |
| XRN Global Medical REIT Inc. | Add +16.3% | 0.13% | −0.03 |
| PR Permian Resources Corp. Class A | Add +5.5% | 1.10% | −0.14 |
| AIOT Powerfleet Inc. | Add +16.1% | 0.92% | −0.26 |
| SM SM Energy Co. | Add +0.2% | 0.74% | −0.30 |
| WNS WNS Holdings Ltd. | Add +1.4% | 3.30% | −0.39 |
| LNTH Lantheus Holdings Inc. | Add +1.5% | 2.36% | −0.88 |
Options Activity Q1 2025 → Q2 2025
| CPA Copa Holdings SA Class A | call | Sold out | 2,500 | $231Kbefore exit |
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 |