272 Capital LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), 272 Capital LP reported 1 stock position worth $40.0 million. Its top holding was Applied Digital (APLD) at 100.0% of the portfolio. Compared with Q3 2025, it sold out of 2. The biggest sale was an exit from Sequans Communications-ADR (SQNS).

Most Recent 13F
Q4 2025
Location
DALLAS, TX
CIK
0001841077
Portfolio Value
$40.0M (Q4 2025)
SEC Filing
0001493152-26-007098 ↗ filed Feb 17, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $249.8M Q1 2024 Q2 2024: $199.0M Q2 2024 Q3 2024: $175.0M Q3 2024 Q4 2024: $105.8M Q4 2024 Q1 2025: $37.8M Q1 2025 Q2 2025: $24.3M Q2 2025 Q3 2025: $39.3M Q3 2025 Q4 2025: $40.0M $40.0M Q4 2025

Holdings 1 stocks · $40.0M
APLD Applied Digital Corp. 100.00% 1,631,453 $40.0M No change

Portfolio Sells Q3 2025 → Q4 2025
SQNS Sequans Communications-ADR Sold out 0.00% −3.97
BITF Bitfarms Ltd./Canada Sold out 0.00% −0.75

Portfolio Buys Q3 2025 → Q4 2025
None this quarter.

Notes & Other Activity Q3 2025 → Q4 2025
RSVRW Reservoir Media-CW26 *W EXP 08/26/202 Sold out 15,000 $13Kbefore exit
MSAIW Sportsmap Tech Acq -CW27 *W EXP 12/19/202 Sold out 112,500 $4Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 1$40.0MAPLD
Q3 2025 3$39.3MAPLD, SQNS, BITF
Q2 2025 7$24.3MAPLD, SQNS, CXM, RSKD, TENB
Q1 2025 31$37.8MAPLD, SQNS, FIVN, CDZI, RPD
Q4 2024 48$105.8MSQNS, APLD, FIVN, CMRC, CDZI
Q3 2024Amended 61$175.0MAPLD, SEQUANS COMMUNICATIONS S A, CDZI, RPD, FIVN
Q2 2024 62$199.0MVPG, FIVN, CDZI, APLD, RSKD
Q1 2024 67$249.8MVPG, ALTG, RSKD, HBIO, CDZI