Alethea Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Alethea Capital Management, LLC reported 30 stock positions worth $116.8 million. Its top holding was Axsome Therapeutics (AXSM) at 53.2% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 23.4%) and Avidity Biosciences (RNAM, 10.5%). Compared with Q3 2024, it opened 21 new positions, sold out of 21, added to 1 and reduced 5. The biggest buy was a new position in Citizens Financial (CFG) and the biggest sale Avidity Biosciences (RNAM, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MERCER ISLAND, WA
- CIK
- 0001549408
- Portfolio Value
- $116.8M (Q4 2024)
- SEC Filing
- 0001549408-25-000001 ↗ filed Feb 14, 2025
Holdings Value
Holdings 30 stocks · $116.8M
| AXSM Axsome Therapeutics Inc. | 53.19% | 734,317 | $62.1M | Reduce -0.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 23.38% | 298,752 | $27.3M | Reduce -7.8% |
| RNAM Avidity Biosciences Inc. | 10.48% | 420,871 | $12.2M | Reduce -1.5% |
| KURA Kura Oncology Inc. | 4.16% | 558,442 | $4.9M | Add +0.9% |
| TLT iShares 20+ Year Treasury BD | 1.73% | 23,123 | $2.0M | No change |
| CFG Citizens Financial Group | 0.39% | 10,536 | $461K | New |
| MO Altria Group Inc. | 0.37% | 8,366 | $437K | New |
| AMT American Tower Corp. | 0.37% | 2,337 | $429K | New |
| HPQ HP Inc. | 0.34% | 12,303 | $401K | New |
| PNW Pinnacle West Capital | 0.34% | 4,716 | $400K | New |
| DUK Duke Energy Corp. | 0.34% | 3,662 | $395K | New |
| SWKS Skyworks Solutions Inc. | 0.34% | 4,446 | $394K | New |
| PFE Pfizer Inc. | 0.34% | 14,830 | $393K | New |
| FANG Diamondback Energy Inc. | 0.34% | 2,395 | $392K | New |
| INVH Invitation Homes Inc. | 0.34% | 12,246 | $392K | New |
| APA Apa Corp. | 0.33% | 16,672 | $385K | New |
| CDTX Cidara Therapeutics Inc. | 0.33% | 14,311 | $385K | Reduce -82.1% |
| DG Dollar General Corp. | 0.33% | 5,060 | $384K | New |
| MRK Merck & Co. Inc. | 0.32% | 3,718 | $370K | New |
| CPB The Campbell's Company | 0.32% | 8,813 | $369K | New |
| AMGN Amgen Inc. | 0.30% | 1,330 | $347K | New |
| HEDJ Wisdomtree Europe Hedged Equ | 0.30% | 7,925 | $346K | Reduce -1.2% |
| VLO Valero Energy Corp. | 0.27% | 2,566 | $315K | New |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.26% | 2,884 | $303K | New |
| DVN Devon Energy Corp. | 0.23% | 8,367 | $274K | New |
| VTR Ventas Inc. | 0.23% | 4,515 | $266K | New |
| ESS Essex Property Trust Inc. | 0.19% | 763 | $218K | New |
| XEVMX Eaton Vance Cal Muni Bond | 0.08% | 10,658 | $98K | No change |
| LPRO Open Lending Corp. | 0.06% | 12,000 | $72K | No change |
| TASEKO MINES LTD | 0.02% | 10,000 | $19K | New |
Portfolio Sells Q3 2024 → Q4 2024
| RNAM Avidity Biosciences Inc. | Reduce -1.5% | 10.48% | −3.70 |
| HAS Hasbro Inc. | Sold out | 0.00% | −0.33 |
| WY Weyerhaeuser Co. | Sold out | 0.00% | −0.32 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.32 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.31 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.31 |
| OMC Omnicom Group | Sold out | 0.00% | −0.31 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.31 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.30 |
| KR Kroger Co. | Sold out | 0.00% | −0.30 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.30 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.30 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.29 |
| CDTX Cidara Therapeutics Inc. | Reduce -82.1% | 0.33% | −0.29 |
| SNA Snap-on Inc. | Sold out | 0.00% | −0.29 |
| DOW Dow Inc. | Sold out | 0.00% | −0.27 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.27 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −0.27 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.26 |
| LKQ LKQ Corp. | Sold out | 0.00% | −0.25 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.25 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.25 |
| ASSERTIO HOLDINGS INC | Sold out | 0.00% | −0.11 |
| HEDJ Wisdomtree Europe Hedged Equ | Reduce -1.2% | 0.30% | +0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -7.8% | 23.38% | +1.89 |
| AXSM Axsome Therapeutics Inc. | Reduce -0.6% | 53.19% | +5.25 |
Portfolio Buys Q3 2024 → Q4 2024
| CFG Citizens Financial Group | New | 0.39% | +0.39 |
| MO Altria Group Inc. | New | 0.37% | +0.37 |
| AMT American Tower Corp. | New | 0.37% | +0.37 |
| HPQ HP Inc. | New | 0.34% | +0.34 |
| PNW Pinnacle West Capital | New | 0.34% | +0.34 |
| DUK Duke Energy Corp. | New | 0.34% | +0.34 |
| SWKS Skyworks Solutions Inc. | New | 0.34% | +0.34 |
| PFE Pfizer Inc. | New | 0.34% | +0.34 |
| FANG Diamondback Energy Inc. | New | 0.34% | +0.34 |
| INVH Invitation Homes Inc. | New | 0.34% | +0.34 |
| APA Apa Corp. | New | 0.33% | +0.33 |
| DG Dollar General Corp. | New | 0.33% | +0.33 |
| MRK Merck & Co. Inc. | New | 0.32% | +0.32 |
| CPB The Campbell's Company | New | 0.32% | +0.32 |
| AMGN Amgen Inc. | New | 0.30% | +0.30 |
| VLO Valero Energy Corp. | New | 0.27% | +0.27 |
| IRM Iron Mountain Inc. | New | 0.26% | +0.26 |
| DVN Devon Energy Corp. | New | 0.23% | +0.23 |
| VTR Ventas Inc. | New | 0.23% | +0.23 |
| ESS Essex Property Trust Inc. | New | 0.19% | +0.19 |
| TASEKO MINES LTD | New | 0.02% | +0.02 |
| KURA Kura Oncology Inc. | Add +0.9% | 4.16% | −3.65 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 41 | $241.4M | AXSM, BIL, KURA, IMRX, TLT |
| Q1 2026 | 13 | $186.1M | AXSM, BIL, KURA, TLT, TEM |
| Q4 2025 | 13 | $205.9M | AXSM, RNAM, BIL, KURA, SPY |
| Q3 2025 | 33 | $155.4M | AXSM, BIL, RNAM, KURA, TLT |
| Q2 2025 | 31 | $132.1M | AXSM, BIL, RNAM, RSPU, KURA |
| Q1 2025 | 11 | $134.0M | AXSM, BIL, RNAM, SPY, KURA |
| Q4 2024 | 30 | $116.8M | AXSM, BIL, RNAM, KURA, TLT |
| Q3 2024 | 30 | $138.5M | AXSM, BIL, RNAM, KURA, TLT |
| Q2 2024 | 31 | $131.8M | AXSM, BIL, RNAM, KURA, TLT |
| Q1 2024 | 32 | $123.1M | AXSM, BIL, RNAM, KURA, TLT |