1492 Capital Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), 1492 Capital Management LLC reported 113 stock positions worth $254.1 million. Its top holding was Carpenter Technology (CRS) at 3.6% of the portfolio, followed by Zeta Global Class A (ZETA, 3.3%) and Applied Optoelectronics (AAOI, 3.0%). Compared with Q3 2025, it opened 23 new positions, sold out of 21, added to 43 and reduced 24. The biggest buy was a new position in Applied Optoelectronics (AAOI) and the biggest sale an exit from Powerfleet (AIOT).

Most Recent 13F
Q2 2026
Location
MILWAUKEE, WI
CIK
0001584087
Portfolio Value
$254.1M (Q4 2025)
SEC Filing
0001584087-26-000002 ↗ filed Feb 10, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $179.2M Q1 2024 Q2 2024: $176.3M Q2 2024 Q3 2024: $199.4M Q3 2024 Q4 2024: $209.5M Q4 2024 Q1 2025: $185.2M Q1 2025 Q2 2025: $216.3M Q2 2025 Q3 2025: $246.6M Q3 2025 Q4 2025: $254.1M $254.1M Q4 2025 Q1 2026: $262.5M Q1 2026 Q2 2026: $338.3M Q2 2026

Holdings 113 stocks · $254.1M
CRS Carpenter Technology 3.56% 28,740 $9.0M Add +1.4%
ZETA Zeta Global Holdings Corp. Class A 3.29% 411,180 $8.4M Add +0.7%
AAOI Applied Optoelectronics Inc. 2.96% 215,987 $7.5M New
CPA Copa Holdings SA Class A 2.89% 60,829 $7.3M Add +1.8%
GDYN Grid Dynamics Holdings Inc. 2.88% 809,951 $7.3M Add +40.8%
GENI Genius Sports Ltd. 2.70% 623,169 $6.9M Add +16.5%
SF Stifel Financial Corp. 2.64% 53,633 $6.7M Add +2.0%
ALHC Alignment Healthcare Inc. 2.53% 324,865 $6.4M Add +61.9%
IMAX Imax Corp. 2.36% 162,516 $6.0M Reduce -25.2%
PEGA Pegasystems Inc. 2.32% 98,790 $5.9M Add +1.5%
JEF Jefferies Financial Group Inc. 2.32% 94,971 $5.9M Add +1.6%
MGNI Magnite Inc. 2.18% 341,398 $5.5M Add +1.4%
MXL Maxlinear Inc. 2.18% 317,738 $5.5M Add +1.7%
HQY Healthequity Inc. 2.02% 55,927 $5.1M Add +1.7%
ADTN Adtran Holdings Inc. 2.00% 585,277 $5.1M Add +1.9%
ATI Ati Inc. 1.91% 42,292 $4.9M Add +4.9%
MTH Meritage Homes Corp. 1.86% 71,960 $4.7M Add +1.9%
KURA Kura Oncology Inc. 1.85% 452,638 $4.7M Add +1.6%
SRAD Sportradar Group AG-A 1.78% 190,115 $4.5M Add +1.4%
KALU Kaiser Aluminum Corp. 1.76% 38,943 $4.5M Add +131.0%
LITE Lumentum Holdings Inc. 1.75% 12,038 $4.4M Reduce -40.7%
LYFT LYFT Inc. Class A 1.73% 226,604 $4.4M Reduce -14.7%
CAKE The Cheesecake Factory Inc. 1.70% 85,545 $4.3M Add +1.8%
ASTH Astrana Health Inc. 1.64% 167,758 $4.2M New
DHT DHT Holdings Inc. 1.60% 333,051 $4.1M Add +1.4%
STRL Sterling Infrastructure Inc. 1.57% 12,985 $4.0M Add +1.8%
SIMO Silicon Motion Technol-ADR 1.52% 41,696 $3.9M Add +3.3%
INR Infinity Natural Resour Class A 1.50% 259,091 $3.8M Add +5.6%
PRIM Primoris Services Corp. 1.48% 30,389 $3.8M Reduce -0.0%
GLOB Globant SA 1.42% 55,008 $3.6M New
GVA Granite Construction Inc. 1.41% 30,977 $3.6M Add +3.3%
CERT Certara Inc. 1.35% 388,540 $3.4M Add +193.5%
AXSM Axsome Therapeutics Inc. 1.30% 18,063 $3.3M No change
ADMA Adma Biologics Inc. 1.22% 170,070 $3.1M Reduce -0.7%
TCBX Third Coast Bancshares Inc. 1.21% 81,126 $3.1M Reduce 0.0%
MNKD Mannkind Corp. 1.19% 535,270 $3.0M Add +6.2%
NVGS Navigator Holdings Ltd. 1.16% 170,874 $3.0M Add +3.3%
PLOW Douglas Dynamics Inc. 1.10% 85,290 $2.8M Add +3.5%
AMKR Amkor Technology Inc. 1.08% 69,513 $2.7M Reduce -42.2%
DKNG Draftkings Inc. Class A 0.98% 72,565 $2.5M Reduce -0.0%
PR Permian Resources Corp. Class A 0.96% 174,073 $2.4M Reduce -0.0%
STC Stewart Information Services 0.96% 34,682 $2.4M Add +3.5%
WSBC Wesbanco Inc. 0.93% 70,850 $2.4M Add +3.2%
INDI Indie Semiconductor Inc. Class A 0.90% 650,724 $2.3M Reduce 0.0%
AUB Atlantic Union Bankshares Co. 0.90% 64,725 $2.3M Add +3.0%
PAYO Payoneer Global Inc. 0.86% 386,850 $2.2M Add +43.3%
GSM Ferroglobe PLC 0.84% 461,133 $2.1M Reduce 0.0%
NPKI NPK International Inc. 0.83% 177,663 $2.1M Add +3.8%
SN Sharkninja Inc. 0.83% 18,882 $2.1M Reduce -0.0%
DT Dynatrace Inc. 0.83% 48,732 $2.1M Add +23.8%
MHO M/I Homes Inc. 0.78% 15,564 $2.0M Reduce -0.0%
ALM Almonty Industries Inc. 0.71% 204,353 $1.8M Reduce -0.0%
GLOO Gloo Holdings Inc. Class A 0.64% 285,882 $1.6M New
ADPT Adaptive Biotechnologies 0.58% 91,375 $1.5M New
VKTX Viking Therapeutics Inc. 0.57% 41,222 $1.5M Reduce -0.0%
VEU Vanguard Ftse All-World Ex-U 0.56% 19,212 $1.4M No change
GTLB Gitlab Inc. Class A 0.55% 37,358 $1.4M Add +24.1%
EVTL Vertical Aerospace Ltd. 0.53% 250,642 $1.3M New
NOVT Novanta Inc. 0.49% 10,506 $1.3M New
CRL Charles River Laboratories 0.48% 6,059 $1.2M New
BROS Dutch Bros Inc. Class A 0.47% 19,476 $1.2M New
ALDX Aldeyra Therapeutics Inc. 0.46% 223,317 $1.2M New
DNLI Denali Therapeutics Inc. 0.44% 67,487 $1.1M New
AIR Aar Corp. 0.41% 12,613 $1.0M New
USAR USA Rare Earth Inc. 0.39% 82,783 $985K New
WING Wingstop Inc. 0.39% 4,126 $984K No change
WULF Terawulf Inc. 0.39% 85,151 $978K No change
SOPH Sophia Genetics SA 0.38% 208,345 $973K New
QUIK Quicklogic Corp. 0.36% 153,932 $925K Reduce -0.0%
PLUG Plug Power Inc. 0.31% 405,700 $799K Reduce -20.4%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 0.28% 9,920 $716K New
VENU Venu Holding Corp. filed as VENU HLDG CORP 0.27% 80,160 $675K Reduce -5.4%
EEM iShares MSCI Emerging Market 0.25% 11,777 $644K No change
DDI Doubledown Interactive -ADR 0.21% 61,900 $534K Reduce 0.0%
IGSB iShares 1-5Y Inv Grade Corp. 0.19% 9,148 $484K No change
ADEA Adeia Inc. 0.16% 24,269 $419K Add +12.6%
GOOGL Alphabet Inc. Class A 0.16% 1,305 $408K No change
MSFT Microsoft Corp. 0.15% 811 $392K No change
IWO iShares Russell 2000 Growth 0.15% 1,186 $383K New
VCSH Vanguard S/T Corp. Bond ETF 0.14% 4,613 $368K Reduce -2.1%
DX Dynex Capital Inc. 0.14% 25,593 $359K No change
LGND Ligand Pharmaceuticals 0.14% 1,876 $355K No change
COHR Coherent Corp. 0.14% 1,920 $354K Add +0.5%
AAPL Apple Inc. 0.14% 1,298 $353K New
ATEN A10 Networks Inc. 0.14% 19,782 $350K Add +90.3%
XHR Xenia Hotels & Resorts Inc. 0.14% 24,409 $345K No change
ANDE The Andersons Inc. 0.13% 6,218 $331K No change
MMS Maximus Inc. 0.13% 3,776 $326K Add +43.5%
AROC Archrock Inc. 0.13% 12,515 $326K Add +19.4%
SHIM Shimmick Corp. 0.12% 102,632 $300K Reduce -3.9%
SPIB SS SPDR P Int C Corp. ETF 0.11% 8,508 $288K No change
BA The Boeing Co. 0.11% 1,303 $283K Add +0.1%
ARLO Arlo Technologies Inc. 0.11% 19,630 $275K Add +33.1%
XRN Chiron Real Estate Inc. filed as GLOBAL MED REIT INC 0.11% 8,097 $273K Reduce -0.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 4,909 $270K No change
ETN Eaton Corp. PLC 0.10% 835 $266K No change
ABCB Ameris Bancorp 0.10% 3,371 $250K No change
AMZN Amazon.com Inc. 0.10% 1,059 $244K No change
LAZ Lazard Inc. 0.09% 4,863 $236K New
META Meta Platforms Inc. Class A 0.09% 353 $233K Reduce -31.6%

Show all 113 holdings

Other holdings (4): bonds, preferreds, convertibles and warrants · $7.1M (not counted above)
SecurityClassShares / PrincipalValueChange
AIOT Powerfleet Inc. COM · principal 1,240,067$6.6MNew
PB Prosperity Bancshares Inc. COM · principal 4,308$298KNew
PCTTW Purecycle Techno-CW26 *W EXP 03/17/202 150,761$116KNew
RSVRW Reservoir Media-CW26 *W EXP 08/26/202 147,981$41KNew

Total filed on the 13F, all lines: $261.1M.

Portfolio Sells Q3 2025 → Q4 2025
AIOT Powerfleet Inc. Sold out 0.00% −2.27
FOUR SHIFT4 Payments Inc. Class A Sold out 0.00% −1.93
ARQ Arq Inc. Reduce -93.3% 0.06% −1.86
OLED Universal Display Corp. Sold out 0.00% −1.45
HBM Hudbay Minerals Inc. Sold out 0.00% −1.12
AVAV Aerovironment Inc. Sold out 0.00% −0.90
MTRX Matrix Service Co. Sold out 0.00% −0.83
ACEL Accel Entertainment Inc. Sold out 0.00% −0.77
EXAS Exact Sciences Corp. Sold out 0.00% −0.70
SM SM Energy Co. Sold out 0.00% −0.65
LYFT LYFT Inc. Class A Reduce -14.7% 1.73% −0.64
GXO Gxo Logistics Inc. Sold out 0.00% −0.64
LNTH Lantheus Holdings Inc. Sold out 0.00% −0.58
AIRO Airo Group Holdings Inc. Sold out 0.00% −0.56
IMAX Imax Corp. Reduce -25.2% 2.36% −0.52
RNG Ringcentral Inc. Class A Sold out 0.00% −0.41
DEFT Defi Technologies Inc. Sold out 0.00% −0.40
BTDR Bitdeer Technologies Group-A Sold out 0.00% −0.40
BOOT Boot Barn Holdings Inc. Sold out 0.00% −0.37
AMKR Amkor Technology Inc. Reduce -42.2% 1.08% −0.31
PRIM Primoris Services Corp. Reduce -0.0% 1.48% −0.21
VENU Venu Holding Corp. Reduce -5.4% 0.27% −0.17
INDI Indie Semiconductor Inc. Class A Reduce 0.0% 0.90% −0.17
PLUG Plug Power Inc. Reduce -20.4% 0.31% −0.17
MHO M/I Homes Inc. Reduce -0.0% 0.78% −0.13
CADE Cadence Bank Sold out 0.00% −0.12
DKNG Draftkings Inc. Class A Reduce -0.0% 0.98% −0.12
PB Prosperity Bancshares Inc. Sold out 0.00% −0.12
OXM Oxford Industries Inc. Sold out 0.00% −0.09
SHOE Shoe Station Group Inc. Sold out 0.00% −0.08
JILL J. Jill Inc. Sold out 0.00% −0.08
META Meta Platforms Inc. Class A Reduce -31.6% 0.09% −0.06
TCBX Third Coast Bancshares Inc. Reduce 0.0% 1.21% −0.04
DDI Doubledown Interactive -ADR Reduce 0.0% 0.21% −0.02
QUIK Quicklogic Corp. Reduce -0.0% 0.36% −0.01
GSM Ferroglobe PLC Reduce 0.0% 0.84% −0.01
VCSH Vanguard S/T Corp. Bond ETF Reduce -2.1% 0.14% −0.01
XRN Chiron Real Estate Inc. Reduce -0.0% 0.11% −0.00
SHIM Shimmick Corp. Reduce -3.9% 0.12% +0.00
SN Sharkninja Inc. Reduce -0.0% 0.83% +0.04
PR Permian Resources Corp. Class A Reduce -0.0% 0.96% +0.06
VKTX Viking Therapeutics Inc. Reduce -0.0% 0.57% +0.13
ADMA Adma Biologics Inc. Reduce -0.7% 1.22% +0.20
ALM Almonty Industries Inc. Reduce -0.0% 0.71% +0.21
LITE Lumentum Holdings Inc. Reduce -40.7% 1.75% +0.41

Portfolio Buys Q3 2025 → Q4 2025
AAOI Applied Optoelectronics Inc. New 2.96% +2.96
ASTH Astrana Health Inc. New 1.64% +1.64
GLOB Globant SA New 1.42% +1.42
KALU Kaiser Aluminum Corp. Add +131.0% 1.76% +1.23
ALHC Alignment Healthcare Inc. Add +61.9% 2.53% +1.11
GDYN Grid Dynamics Holdings Inc. Add +40.8% 2.88% +1.08
CRS Carpenter Technology Add +1.4% 3.56% +0.74
CERT Certara Inc. Add +193.5% 1.35% +0.69
GLOO Gloo Holdings Inc. Class A New 0.64% +0.64
ADPT Adaptive Biotechnologies New 0.58% +0.58
ATI Ati Inc. Add +4.9% 1.91% +0.58
EVTL Vertical Aerospace Ltd. New 0.53% +0.53
NOVT Novanta Inc. New 0.49% +0.49
CRL Charles River Laboratories New 0.48% +0.48
BROS Dutch Bros Inc. Class A New 0.47% +0.47
ALDX Aldeyra Therapeutics Inc. New 0.46% +0.46
DNLI Denali Therapeutics Inc. New 0.44% +0.44
AIR Aar Corp. New 0.41% +0.41
USAR USA Rare Earth Inc. New 0.39% +0.39
SOPH Sophia Genetics SA New 0.38% +0.38
QTWO Q2 Holdings Inc. New 0.28% +0.28
KURA Kura Oncology Inc. Add +1.6% 1.85% +0.25
SF Stifel Financial Corp. Add +2.0% 2.64% +0.22
INR Infinity Natural Resour Class A Add +5.6% 1.50% +0.20
PAYO Payoneer Global Inc. Add +43.3% 0.86% +0.19
IWO iShares Russell 2000 Growth New 0.15% +0.15
MXL Maxlinear Inc. Add +1.7% 2.18% +0.14
AAPL Apple Inc. New 0.14% +0.14
NVGS Navigator Holdings Ltd. Add +3.3% 1.16% +0.13
MNKD Mannkind Corp. Add +6.2% 1.19% +0.10
LAZ Lazard Inc. New 0.09% +0.09
BFST Business First Bancshares New 0.09% +0.09
FSBC Five Star Bancorp New 0.09% +0.09
FENC Fennec Pharmaceuticals Inc. New 0.09% +0.09
METC Ramaco Resources Inc. Class A New 0.08% +0.08
SBCF Seacoast Banking Corp. New 0.08% +0.08
GVA Granite Construction Inc. Add +3.3% 1.41% +0.07
ATEN A10 Networks Inc. Add +90.3% 0.14% +0.06
DT Dynatrace Inc. Add +23.8% 0.83% +0.06
COHR Coherent Corp. Add +0.5% 0.14% +0.06
PEGA Pegasystems Inc. Add +1.5% 2.32% +0.05
PLOW Douglas Dynamics Inc. Add +3.5% 1.10% +0.05
NPKI NPK International Inc. Add +3.8% 0.83% +0.05
WSBC Wesbanco Inc. Add +3.2% 0.93% +0.04
MMS Maximus Inc. Add +43.5% 0.13% +0.03
ADEA Adeia Inc. Add +12.6% 0.16% +0.02
GENI Genius Sports Ltd. Add +16.5% 2.70% +0.02
AROC Archrock Inc. Add +19.4% 0.13% +0.02
CPA Copa Holdings SA Class A Add +1.8% 2.89% +0.01
DHT DHT Holdings Inc. Add +1.4% 1.60% +0.01

Notes & Other Activity Q3 2025 → Q4 2025
AIOT Powerfleet Inc. COM · principal New 1,240,067 $6.6M
PCTTW Purecycle Techno-CW26 *W EXP 03/17/202 · principal Sold out 150,761 $510Kbefore exit
PB Prosperity Bancshares Inc. COM · principal New 4,308 $298K
PCTTW Purecycle Techno-CW26 *W EXP 03/17/202 New 150,761 $116K
RSVRW Reservoir Media-CW26 *W EXP 08/26/202 · principal Sold out 147,981 $96Kbefore exit
RSVRW Reservoir Media-CW26 *W EXP 08/26/202 New 147,981 $41K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 131$338.3MMXL, CRS, ALHC, AAOI, STRL
Q1 2026 128$262.5MCRS, AAOI, ADTN, ZETA, LITE
Q4 2025 113$254.1MCRS, ZETA, AAOI, CPA, GDYN
Q3 2025 111$246.6MZETA, MGNI, IMAX, CPA, CRS
Q2 2025 111$216.3MVRNA, MGNI, CRS, WNS, CPA
Q1 2025 109$185.2MWNS, VRNA, LNTH, EHC, IMAX
Q4 2024 107$209.5MCRS, JEF, ZETA, STRL, FOUR
Q3 2024 97$199.4MZETA, CRS, LNTH, STRL, JEF
Q2 2024 93$176.3MZETA, CRS, PENG, CPA, STRL
Q1 2024 91$179.2MPENG, CPA, CRS, EXAS, ZETA