Aristides Capital LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Aristides Capital LLC reported 195 stock positions worth $269.1 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 9.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 7.8%) and Grayscale Bitcoin Trust ETF (GBTC, 4.0%). Compared with Q4 2024, it opened 46 new positions, sold out of 128, added to 28 and reduced 47. The biggest buy was Accenture Class A (ACN, shares +120%) and the biggest sale an exit from Tort Electf Infra ETF-Usd (TPZ).
- Most Recent 13F
- Q2 2026
- Location
- LOUISVILLE, KY
- CIK
- 0001595521
- Portfolio Value
- $269.1M (Q1 2025)
- SEC Filing
- 0001595521-25-000004 ↗ filed May 14, 2025
Holdings Value
Holdings 195 stocks · $269.1M
| IBIT iShares Bitcoin Trust ETF | 9.51% | 546,998 | $25.6M | Add +6.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 7.76% | 37,339 | $20.9M | No change |
| GBTC Grayscale Bitcoin Trust ETF | 3.99% | 164,931 | $10.7M | No change |
| GOOGL Alphabet Inc. Class A | 3.95% | 68,680 | $10.6M | Add +25.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.63% | 18,354 | $9.8M | No change |
| MSFT Microsoft Corp. | 2.79% | 19,970 | $7.5M | No change |
| ITRN Ituran Location and Control | 2.76% | 205,604 | $7.4M | Reduce -11.8% |
| BKUTK Bank Utica N Y filed as BANK OF UTICA N Y | 2.40% | 13,884 | $6.5M | No change |
| IJR iShares Core S&P Small-Cap E | 2.33% | 60,000 | $6.3M | No change |
| DAL Delta Air Lines Inc. | 2.28% | 140,702 | $6.1M | Add +44.9% |
| TPB Turning Point Brands Inc. | 2.19% | 99,360 | $5.9M | Reduce -7.5% |
| ARKB ARK 21SHARES Bitcoin ETF | 1.99% | 65,010 | $5.3M | Add +14.0% |
| TYG Tortoise Energy Infrastruct | 1.87% | 117,102 | $5.0M | Reduce -56.5% |
| HCKT The Hackett Group Inc. | 1.80% | 165,459 | $4.8M | Add +4.8% |
| ACN Accenture PLC Class A | 1.74% | 14,992 | $4.7M | Add +120.2% |
| SSNC Ss&c Technologies Holdings | 1.41% | 45,510 | $3.8M | No change |
| ASML ASML Holding NV-NY Reg SHS | 1.39% | 5,633 | $3.7M | Add +134.7% |
| AER Aercap Holdings NV | 1.28% | 33,630 | $3.4M | No change |
| NL Nli Holdings Inc. filed as NL INDS INC | 1.25% | 426,626 | $3.4M | No change |
| HD Home Depot Inc. | 1.21% | 8,880 | $3.3M | No change |
| EVTC Evertec Inc. | 1.21% | 88,344 | $3.2M | Add +21.5% |
| G Genpact Ltd. | 1.20% | 63,990 | $3.2M | Reduce -22.1% |
| ETON Eton Pharmaceuticals Inc. | 1.17% | 241,587 | $3.1M | No change |
| ITIC Investors Title Co. | 1.07% | 11,920 | $2.9M | Add +5.3% |
| V Visa Inc. Class A | 1.02% | 7,850 | $2.8M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.98% | 5,610 | $2.6M | No change |
| MELI MercadoLibre Inc. | 0.94% | 1,300 | $2.5M | New |
| BKNG Booking Holdings Inc. | 0.92% | 540 | $2.5M | No change |
| BWXT BWX Technologies Inc. | 0.86% | 23,540 | $2.3M | No change |
| ABNB Airbnb Inc. Class A | 0.76% | 17,137 | $2.0M | Add +3.6% |
| DORM Dorman Products Inc. | 0.75% | 16,664 | $2.0M | Add +15.5% |
| AGM.A Federal Agric MTG Corp. Class A | 0.74% | 13,904 | $2.0M | No change |
| AVNW Aviat Networks Inc. | 0.71% | 100,135 | $1.9M | Reduce -35.0% |
| EQT Eqt Corp. | 0.70% | 35,490 | $1.9M | Add +129.1% |
| YUM Yum! Brands Inc. | 0.63% | 10,800 | $1.7M | New |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.61% | 23,000 | $1.6M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.59% | 20,180 | $1.6M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.59% | 20,188 | $1.6M | No change |
| IRMD Iradimed Corp. | 0.58% | 29,925 | $1.6M | No change |
| AB Alliancebernstein Holding LP | 0.58% | 40,920 | $1.6M | No change |
| GS Goldman Sachs Group Inc. | 0.55% | 2,690 | $1.5M | No change |
| KBR KBR Inc. | 0.52% | 28,357 | $1.4M | Add +4.9% |
| BKUT Bank Utica | 0.50% | 2,572 | $1.4M | No change |
| HIFS Hingham Institution for SVGS | 0.50% | 5,704 | $1.4M | No change |
| BOND PIMCO Active Bond Exchange-T | 0.49% | 14,337 | $1.3M | No change |
| BNTX Biontech SE-ADR | 0.49% | 14,533 | $1.3M | Reduce -19.3% |
| FSBW FS Bancorp Inc. | 0.45% | 31,691 | $1.2M | No change |
| BTC Grayscale Bitcoin Mini ETF | 0.45% | 32,984 | $1.2M | No change |
| GEF.B Greif Inc. Class B | 0.44% | 19,895 | $1.2M | No change |
| KYN Kayne Anderson Energy Infra | 0.43% | 91,134 | $1.2M | No change |
| MAMA Mama's Creations Inc. | 0.43% | 179,305 | $1.2M | Add +70.1% |
| CCJ Cameco Corp. | 0.43% | 28,030 | $1.2M | No change |
| META Meta Platforms Inc. Class A | 0.43% | 2,000 | $1.2M | Reduce -83.0% |
| ACOG Alpha Cognition Inc. | 0.38% | 200,000 | $1.0M | No change |
| DXYZ Destiny TECH100 Inc. | 0.37% | 28,350 | $1.0M | New |
| CUK Carnival PLC-ADR | 0.34% | 52,913 | $928K | No change |
| ACIW Aci Worldwide Inc. | 0.33% | 16,022 | $877K | No change |
| CVCO Cavco Industries Inc. | 0.32% | 1,651 | $858K | Add +47.4% |
| VT Vanguard Tot World STK ETF | 0.32% | 7,371 | $855K | No change |
| C Citigroup Inc. | 0.32% | 12,000 | $852K | New |
| STRL Sterling Infrastructure Inc. | 0.31% | 7,477 | $846K | New |
| EMO Clearbridge Energy Midstream | 0.30% | 16,432 | $815K | Reduce -16.3% |
| FOX Fox Corp. Class B | 0.29% | 14,921 | $786K | No change |
| RNW Renew Energy Global PLC-A | 0.29% | 132,100 | $778K | No change |
| MA Mastercard Inc. Class A | 0.29% | 1,400 | $767K | No change |
| BUR Burford Capital Ltd. | 0.28% | 56,050 | $740K | No change |
| ACU Acme United Corp. filed as ACME UTD CORP | 0.26% | 17,567 | $696K | No change |
| HFRO Highland Opport & Income | 0.26% | 133,496 | $694K | Reduce -11.5% |
| PAYX Paychex Inc. | 0.26% | 4,480 | $691K | No change |
| MYO Myomo Inc. | 0.24% | 135,000 | $649K | Reduce -32.5% |
| SOUN Soundhound AI Inc. Class A | 0.24% | 79,886 | $649K | Add +238.5% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.24% | 30,000 | $644K | No change |
| WWD Woodward Inc. | 0.24% | 3,478 | $635K | Add +80.8% |
| JXN Jackson Financial Inc. Class A | 0.23% | 7,483 | $627K | No change |
| NXG NXG Nextgen Infrastr Inc. | 0.23% | 13,279 | $625K | Reduce -68.1% |
| NVR NVR Inc. | 0.23% | 86 | $623K | No change |
| ELMD Electromed Inc. | 0.23% | 26,076 | $622K | No change |
| LAD Lithia Motors Inc. | 0.23% | 2,100 | $616K | New |
| SPH Suburban Propane Partners LP | 0.22% | 28,100 | $590K | No change |
| MRNA Moderna Inc. | 0.21% | 20,000 | $567K | New |
| CWB SS SPDR BB Conv Sec ETF | 0.21% | 7,368 | $565K | No change |
| SII Sprott Inc. | 0.21% | 12,424 | $557K | No change |
| FWONA Liberty Media Corp. Class A | 0.20% | 6,568 | $535K | No change |
| RELL Richardson Elec Ltd. | 0.20% | 47,528 | $530K | No change |
| NBIS Nebius Group NV | 0.20% | 25,000 | $528K | New |
| FALN iShares Fallen Angels ETF | 0.20% | 19,658 | $527K | No change |
| BSM Black Stone Minerals LP | 0.20% | 34,396 | $525K | No change |
| NOV Nov Inc. | 0.19% | 33,630 | $512K | No change |
| MOD Modine Manufacturing Co. | 0.19% | 6,602 | $507K | Reduce -38.2% |
| GIFI Gulf Island Fabrication Inc. | 0.17% | 71,223 | $460K | No change |
| MITK Mitek Systems Inc. | 0.16% | 53,054 | $438K | No change |
| VMEO Vimeo Inc. | 0.16% | 81,356 | $428K | Reduce -59.6% |
| STRT Strattec Security Corp. | 0.16% | 10,785 | $426K | No change |
| BBCP Concrete Pumping Holdings Inc. | 0.16% | 76,821 | $419K | Add +5.3% |
| HEI.A Heico Corp. Class A | 0.15% | 1,910 | $403K | No change |
| EXP Eagle Materials Inc. | 0.15% | 1,807 | $401K | New |
| VRN Veren Inc. | 0.14% | 58,879 | $390K | Add +34.1% |
| LYTS Lsi Industries Inc. | 0.14% | 22,100 | $376K | No change |
| RHP Ryman Hospitality Properties | 0.13% | 3,920 | $358K | No change |
| KODK Eastman Kodak Co. | 0.13% | 56,050 | $354K | No change |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($24.2M), RIGETTI COMPUTING INC puts ($9.8M), IONQ INC puts ($9.4M), CARVANA CO puts ($7.0M), NVIDIA CORPORATION puts ($5.4M), ISHARES BITCOIN TRUST ETF puts ($5.1M), TESLA INC puts ($2.6M), PURECYCLE TECHNOLOGIES INC puts ($2.1M), APPLOVIN CORP puts ($1.7M), TRIPLEPOINT VENTURE GROWTH B puts ($665K), RIGETTI COMPUTING INC calls ($626K), QUANTUM COMPUTING INC calls ($480K), and 3 more.
Other holdings (8): bonds, preferreds, convertibles and warrants · $77K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 500,000 | $60K | No change |
| MOBXW Chavrant Capital Acq -CW23 | *W EXP 12/21/202 | 72,377 | $8K | No change |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | 100,000 | $4K | No change |
| TETWF Technology & Telecommuni -27 | *W EXP 04/15/202 | 100,000 | $2K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 37,500 | $2K | No change |
| SHFSW Northern Lights Acquis -CW22 | *W EXP 09/28/202 | 25,000 | $613 | No change |
| OIOWW Esgl Holdings Ltd.-28 | *W EXP 08/02/202 | 42,000 | $475 | No change |
| SVUWF Srivaru Holding Ltd.-28 | *W EXP 12/08/202 | 50,000 | $470 | No change |
Total filed on the 13F, all lines: $269.2M.
Portfolio Sells Q4 2024 → Q1 2025
| TPZ Tort Electf Infra ETF-Usd Inc. | Sold out | 0.00% | −1.99 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −1.79 |
| META Meta Platforms Inc. Class A | Reduce -83.0% | 0.43% | −1.73 |
| TYG Tortoise Energy Infrastruct | Reduce -56.5% | 1.87% | −1.66 |
| OSIS Osi Systems Inc. | Sold out | 0.00% | −0.65 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.47 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.45 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.36 |
| NXG NXG Nextgen Infrastr Inc. | Reduce -68.1% | 0.23% | −0.36 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.34 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.33 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.26 |
| ASHR Xtrackers Harvest Csi 300 CH | Sold out | 0.00% | −0.25 |
| VMEO Vimeo Inc. | Reduce -59.6% | 0.16% | −0.24 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.21 |
| SKY Champion Homes Inc. | Sold out | 0.00% | −0.21 |
| MOD Modine Manufacturing Co. | Reduce -38.2% | 0.19% | −0.20 |
| SIMO Silicon Motion Technol-ADR | Sold out | 0.00% | −0.20 |
| BSET Bassett Furniture Inds | Sold out | 0.00% | −0.19 |
| MYO Myomo Inc. | Reduce -32.5% | 0.24% | −0.16 |
| AVNW Aviat Networks Inc. | Reduce -35.0% | 0.71% | −0.16 |
| BNTX Biontech SE-ADR | Reduce -19.3% | 0.49% | −0.15 |
| CGAU Centerra Gold Inc. | Sold out | 0.00% | −0.14 |
| PDO PIMCO Dynamic Income Opport | Sold out | 0.00% | −0.14 |
| JPC Nuveen Prefered & Income Opp | Sold out | 0.00% | −0.13 |
| YETI Yeti Holdings Inc. | Sold out | 0.00% | −0.12 |
| ATEN A10 Networks Inc. | Sold out | 0.00% | −0.11 |
| POST Post Holdings Inc. | Sold out | 0.00% | −0.11 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.11 |
| BBSI Barrett Business SVCS Inc. | Sold out | 0.00% | −0.11 |
| PVH PVH Corp. | Sold out | 0.00% | −0.11 |
| CVSA Covista Inc. | Sold out | 0.00% | −0.10 |
| SNX TD Synnex Corp. | Sold out | 0.00% | −0.10 |
| DAC Danaos Corp. | Sold out | 0.00% | −0.10 |
| CRNT Ceragon Networks Ltd. | Reduce -10.0% | 0.12% | −0.10 |
| FTDR Frontdoor Inc. | Sold out | 0.00% | −0.10 |
| EXLS Exlservice Holdings Inc. | Sold out | 0.00% | −0.10 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.10 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.10 |
| CPER United States Copper Index | Sold out | 0.00% | −0.09 |
| AIT Applied Industrial Tech Inc. | Sold out | 0.00% | −0.09 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.09 |
| ABM Abm Industries Inc. | Sold out | 0.00% | −0.09 |
| INGR Ingredion Inc. | Sold out | 0.00% | −0.09 |
| LSTR Landstar System Inc. | Sold out | 0.00% | −0.09 |
| TPH Tri Pointe Homes Inc. | Sold out | 0.00% | −0.09 |
| LECO Lincoln Electric Holdings | Sold out | 0.00% | −0.09 |
| NEU Newmarket Corp. | Sold out | 0.00% | −0.09 |
| EFOR Everforth Inc. | Sold out | 0.00% | −0.09 |
| GMS GMS Inc. | Sold out | 0.00% | −0.09 |
Portfolio Buys Q4 2024 → Q1 2025
| ACN Accenture PLC Class A | Add +120.2% | 1.74% | +0.99 |
| IBIT iShares Bitcoin Trust ETF | Add +6.3% | 9.51% | +0.98 |
| MELI MercadoLibre Inc. | New | 0.94% | +0.94 |
| ASML ASML Holding NV-NY Reg SHS | Add +134.7% | 1.39% | +0.87 |
| GOOGL Alphabet Inc. Class A | Add +25.1% | 3.95% | +0.70 |
| YUM Yum! Brands Inc. | New | 0.63% | +0.63 |
| WRB WR Berkley Corp. | New | 0.61% | +0.61 |
| EQT Eqt Corp. | Add +129.1% | 0.70% | +0.48 |
| DAL Delta Air Lines Inc. | Add +44.9% | 2.28% | +0.44 |
| EVTC Evertec Inc. | Add +21.5% | 1.21% | +0.42 |
| DXYZ Destiny TECH100 Inc. | New | 0.37% | +0.37 |
| ARKB ARK 21SHARES Bitcoin ETF | Add +14.0% | 1.99% | +0.32 |
| C Citigroup Inc. | New | 0.32% | +0.32 |
| STRL Sterling Infrastructure Inc. | New | 0.31% | +0.31 |
| HCKT The Hackett Group Inc. | Add +4.8% | 1.80% | +0.28 |
| ITIC Investors Title Co. | Add +5.3% | 1.07% | +0.23 |
| LAD Lithia Motors Inc. | New | 0.23% | +0.23 |
| MRNA Moderna Inc. | New | 0.21% | +0.21 |
| NBIS Nebius Group NV | New | 0.20% | +0.20 |
| MAMA Mama's Creations Inc. | Add +70.1% | 0.43% | +0.17 |
| CVCO Cavco Industries Inc. | Add +47.4% | 0.32% | +0.16 |
| DORM Dorman Products Inc. | Add +15.5% | 0.75% | +0.16 |
| EXP Eagle Materials Inc. | New | 0.15% | +0.15 |
| WWD Woodward Inc. | Add +80.8% | 0.24% | +0.14 |
| TH Target Hospitality Corp. | New | 0.12% | +0.12 |
| ADT Adt Inc. | New | 0.11% | +0.11 |
| TGNA Tegna Inc. | New | 0.11% | +0.11 |
| AZEK The Azek Co. Inc. | New | 0.11% | +0.11 |
| KFY Korn Ferry | New | 0.11% | +0.11 |
| AGRO Adecoagro SA | New | 0.11% | +0.11 |
| BG Bunge Global SA | New | 0.11% | +0.11 |
| STR Sitio Royalties Corp. Class A | New | 0.11% | +0.11 |
| PDCO Patterson Cos Inc. | New | 0.11% | +0.11 |
| KEX Kirby Corp. | New | 0.11% | +0.11 |
| PAYC Paycom Software Inc. | New | 0.10% | +0.10 |
| GRBK Green Brick Partners Inc. | New | 0.10% | +0.10 |
| GHC Graham Holdings Co. Class B | New | 0.10% | +0.10 |
| COKE Coca-Cola Consolidated Inc. | New | 0.10% | +0.10 |
| MHO M/I Homes Inc. | New | 0.10% | +0.10 |
| LNN Lindsay Corp. | New | 0.10% | +0.10 |
| IBEX Ibex Ltd. | New | 0.10% | +0.10 |
| GPRK Geopark Ltd. | New | 0.10% | +0.10 |
| SKX Skechers USA Inc. Class A | New | 0.10% | +0.10 |
| AWI Armstrong World Industries | New | 0.10% | +0.10 |
| SEM Select Medical Holdings Corp. | New | 0.10% | +0.10 |
| CRUS Cirrus Logic Inc. | New | 0.10% | +0.10 |
| SANM Sanmina Corp. | New | 0.10% | +0.10 |
| MATX Matson Inc. | New | 0.10% | +0.10 |
| ENS Enersys | New | 0.10% | +0.10 |
| SOUN Soundhound AI Inc. Class A | Add +238.5% | 0.24% | +0.09 |
Options Activity Q4 2024 → Q1 2025
| STATE STR SPDR S&P 500 ETF T | call | Sold out | 130,000 | $76.2Mbefore exit |
| STATE STR SPDR S&P 500 ETF T | put | New | 43,200 | $24.2M |
| RIGETTI COMPUTING INC | put | New | 1,234,200 | $9.8M |
| IONQ INC | put | Reduce -47.1% | 424,500 | $9.4M |
| CARVANA CO | put | New | 33,700 | $7.0M |
| ISHARES BITCOIN TRUST ETF | put | New | 108,300 | $5.1M |
| META PLATFORMS INC | call | Sold out | 7,000 | $4.1Mbefore exit |
| UNITEDHEALTH GROUP INC | put | Sold out | 5,800 | $2.9Mbefore exit |
| TESLA INC | put | Reduce -88.1% | 10,000 | $2.6M |
| PURECYCLE TECHNOLOGIES INC | put | Add +10.3% | 301,000 | $2.1M |
| ROKU INC | put | Sold out | 25,000 | $1.9Mbefore exit |
| APPLOVIN CORP | put | New | 6,500 | $1.7M |
| ENOVIX CORPORATION | put | Sold out | 152,800 | $1.7Mbefore exit |
| GLOBE LIFE INC | put | Sold out | 10,000 | $1.1Mbefore exit |
| JOBY AVIATION INC | put | Sold out | 100,000 | $813Kbefore exit |
| TRIPLEPOINT VENTURE GROWTH B | put | New | 95,300 | $665K |
| ARBOR REALTY TRUST INC | put | New | 29,200 | $343K |
| ANAVEX LIFE SCIENCES CORP | call | Sold out | 25,000 | $269Kbefore exit |
| NEXTDECADE CORP | call | New | 25,300 | $197K |
| QUANTUM COMPUTING INC | put | New | 20,800 | $166K |
| SPIRIT AIRLS INC | call | Sold out | 100,000 | $34Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| GRND.WS Grindr Inc. -26 | *W EXP 11/18/202 | Sold out | 20,000 | $135Kbefore exit |
| IGTAR Inception Growth Acq Ltd. -RT | RIGHT 12/08/2026 | Sold out | 10,000 | $500before exit |
| CHEER HLDG INC | *W EXP 02/13/202 | Sold out | 100,000 | $120before exit |
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 | 139 | $389.8M | QQQ, SPY, GOOGL, DAL, WSE |
| Q1 2026 | 148 | $301.5M | SPY, GOOGL, ITRN, QQQ, IBIT |
| Q4 2025Amended | 236 | $288.0M | SPY, GOOGL, IBIT, ITRN, QQQ |
| Q3 2025 | 195 | $338.6M | SPY, IBIT, GOOGL, CRC, ITRN |
| Q2 2025 | 193 | $313.9M | SPY, IBIT, GBTC, GOOGL, MSFT |
| Q1 2025 | 195 | $269.1M | IBIT, SPY, GBTC, GOOGL, BRK.B |
| Q4 2024 | 277 | $319.9M | IBIT, SPY, GBTC, TYG, GOOGL |
| Q3 2024 | 217 | $240.8M | SPY, GOOGL, META, MSFT, GBTC |
| Q2 2024Amended | 236 | $239.4M | SPY, IBB, GOOGL, MSFT, GBTC |
| Q1 2024 | 230 | $234.3M | GBTC, SPY, CEM, MSFT, GOOGL |