272 Capital LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), 272 Capital LP reported 3 stock positions worth $39.3 million. Its top holding was Applied Digital (APLD) at 95.3% of the portfolio, followed by Sequans Communications-ADR (SQNS, 4.0%) and Bitfarms Ltd./Canada (BITF, 0.8%). Compared with Q2 2025, it sold out of 4 and reduced 1. The biggest sale was Sequans Communications-ADR (SQNS, shares −58%).

Most Recent 13F
Q4 2025
Location
DALLAS, TX
CIK
0001841077
Portfolio Value
$39.3M (Q3 2025)
SEC Filing
0001493152-25-023411 ↗ filed Nov 14, 2025

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 $39.3M Q3 2025 Q4 2025: $40.0M Q4 2025

Holdings 3 stocks · $39.3M
APLD Applied Digital Corp. 95.28% 1,631,453 $37.4M No change
SQNS Sequans Communications-ADR 3.97% 164,858 $1.6M Reduce -58.1%
BITF Bitfarms Ltd./Canada 0.75% 105,055 $296K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $17K (not counted above)
SecurityClassShares / PrincipalValueChange
RSVRW Reservoir Media-CW26 *W EXP 08/26/202 15,000$13KNo change
MSAIW Sportsmap Tech Acq -CW27 *W EXP 12/19/202 112,500$4KNo change

Total filed on the 13F, all lines: $39.3M.

Portfolio Sells Q2 2025 → Q3 2025
SQNS Sequans Communications-ADR Reduce -58.1% 3.97% −19.79
CXM Sprinklr Inc. Class A Sold out 0.00% −4.85
RSKD Riskified Ltd. Class A Sold out 0.00% −1.25
TENB Tenable Holdings Inc. Sold out 0.00% −1.17
CDZI Cadiz Inc. Sold out 0.00% −1.10

Portfolio Buys Q2 2025 → Q3 2025
None this quarter.

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