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
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% |
| BFST Business First Bancshares | 0.09% | 8,878 | $232K | New |
| GTY Getty Realty Corp. | 0.09% | 8,294 | $227K | No change |
| FSBC Five Star Bancorp | 0.09% | 6,263 | $224K | New |
| STAG Stag Industrial Inc. | 0.09% | 5,900 | $217K | No change |
| FENC Fennec Pharmaceuticals Inc. | 0.09% | 28,092 | $216K | New |
| ADC Agree Realty Corp. | 0.08% | 2,973 | $214K | No change |
| METC Ramaco Resources Inc. Class A | 0.08% | 11,817 | $213K | New |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 2,520 | $209K | No change |
| NVDA Nvidia Corp. | 0.08% | 1,108 | $207K | Add +0.1% |
| SBCF Seacoast Banking Corp. | 0.08% | 6,494 | $204K | New |
| POWW Outdoor Holding Co. | 0.07% | 104,800 | $179K | No change |
| ARQ Arq Inc. | 0.06% | 44,306 | $145K | Reduce -93.3% |
| SGMT Sagimet Biosciences Inc. Class A | 0.04% | 15,000 | $89K | No change |
Other holdings (4): bonds, preferreds, convertibles and warrants · $7.1M (not counted above)
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
| 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 |