Aristides Capital LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Aristides Capital LLC reported 195 stock positions worth $338.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.7% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 7.4%) and Alphabet Class A (GOOGL, 4.5%). Compared with Q2 2025, it opened 70 new positions, sold out of 68, added to 37 and reduced 24. The biggest buy was a new position in California Resources (CRC) and the biggest sale an exit from Grayscale Bitcoin Trust ETF (GBTC).

Most Recent 13F
Q2 2026
Location
LOUISVILLE, KY
CIK
0001595521
Portfolio Value
$338.6M (Q3 2025)
SEC Filing
0001595521-25-000015 ↗ filed Nov 13, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $234.3M Q1 2024 Q2 2024: $239.4M Q2 2024 Q3 2024: $240.8M Q3 2024 Q4 2024: $319.9M Q4 2024 Q1 2025: $269.1M Q1 2025 Q2 2025: $313.9M Q2 2025 Q3 2025: $338.6M $338.6M Q3 2025 Q4 2025: $288.0M Q4 2025 Q1 2026: $301.5M Q1 2026 Q2 2026: $389.8M Q2 2026

Holdings 195 stocks · $338.6M
SPY SS SPDR S&P 500 ETF Trust-US 15.66% 79,588 $53.0M Add +5.3%
IBIT iShares Bitcoin Trust ETF 7.43% 387,154 $25.2M Reduce -15.1%
GOOGL Alphabet Inc. Class A 4.49% 62,480 $15.2M Reduce -9.0%
CRC California Resources Corp. 3.34% 212,349 $11.3M New
ITRN Ituran Location and Control 2.96% 280,395 $10.0M Add +21.9%
FLR Fluor Corp. 2.79% 224,842 $9.5M New
QQQ Invesco QQQ Trust Series 1 2.77% 15,610 $9.4M No change
TPB Turning Point Brands Inc. 2.61% 89,360 $8.8M Reduce -10.1%
MSFT Microsoft Corp. 2.60% 16,970 $8.8M Reduce -15.0%
ARKB ARK 21SHARES Bitcoin ETF 2.19% 195,030 $7.4M No change
IJR iShares Core S&P Small-Cap E 2.11% 60,000 $7.1M No change
BKUTK Bank Utica N Y filed as BANK OF UTICA N Y 2.05% 13,884 $6.9M No change
DAL Delta Air Lines Inc. 2.01% 119,702 $6.8M Reduce -14.9%
ASML ASML Holding NV-NY Reg SHS 1.90% 6,633 $6.4M Add +17.8%
ACN Accenture PLC Class A 1.30% 17,792 $4.4M No change
ITIC Investors Title Co. 1.26% 15,920 $4.3M No change
EVTC Evertec Inc. 1.18% 118,536 $4.0M No change
JOUT Johnson Outdoors Inc. Class A 1.08% 90,440 $3.7M Add +188.4%
ETON Eton Pharmaceuticals Inc. 1.08% 167,587 $3.6M No change
HD Home Depot Inc. 1.06% 8,880 $3.6M No change
HSAI Hesai Group 1.01% 121,414 $3.4M Add +204.2%
MAMA Mama's Creations Inc. 0.96% 309,305 $3.3M Add +72.5%
HCKT The Hackett Group Inc. 0.93% 165,459 $3.1M No change
V Visa Inc. Class A 0.79% 7,850 $2.7M No change
BKNG Booking Holdings Inc. 0.78% 490 $2.6M Reduce -9.3%
NL Nli Holdings Inc. filed as NL INDS INC 0.75% 414,939 $2.6M No change
BNTX Biontech SE-ADR 0.74% 25,359 $2.5M Add +46.1%
MELI MercadoLibre Inc. 0.72% 1,040 $2.4M Reduce -20.0%
G Genpact Ltd. 0.70% 56,578 $2.4M Add +50.6%
AVNW Aviat Networks Inc. 0.68% 100,135 $2.3M No change
DORM Dorman Products Inc. 0.66% 14,425 $2.2M No change
BWXT BWX Technologies Inc. 0.64% 11,770 $2.2M No change
TGT Target Corp. 0.63% 23,627 $2.1M New
ABNB Airbnb Inc. Class A 0.61% 17,137 $2.1M No change
EQT Eqt Corp. 0.57% 35,490 $1.9M No change
IRMD Iradimed Corp. 0.56% 26,425 $1.9M Reduce -11.7%
SSNC Ss&c Technologies Holdings 0.55% 20,796 $1.8M Reduce -18.5%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.52% 20,188 $1.8M No change
AGM.A Federal Agric MTG Corp. Class A 0.51% 13,904 $1.7M No change
AKAM Akamai Technologies Inc. 0.50% 22,176 $1.7M No change
ACIW Aci Worldwide Inc. 0.49% 31,353 $1.7M Add +111.2%
YUM Yum! Brands Inc. 0.48% 10,800 $1.6M No change
BLKB Blackbaud Inc. 0.47% 25,000 $1.6M Add +32.5%
NVR NVR Inc. 0.47% 196 $1.6M Add +127.9%
NKE Nike Inc. Class B 0.46% 22,500 $1.6M Reduce -50.0%
CWB SS SPDR BB Conv Sec ETF 0.46% 17,336 $1.6M No change
AB Alliancebernstein Holding LP 0.46% 40,920 $1.6M No change
ETHA iShares Ethereum Trust ETF 0.44% 46,850 $1.5M New
CCJ Cameco Corp. 0.42% 16,818 $1.4M No change
CUK Carnival PLC-ADR 0.41% 52,913 $1.4M No change
BOND PIMCO Active Bond Exchange-T 0.40% 14,337 $1.3M No change
BKUT Bank Utica 0.39% 2,572 $1.3M No change
QURE Uniqure NV 0.39% 22,500 $1.3M New
EXP Eagle Materials Inc. 0.38% 5,561 $1.3M No change
FSBW FS Bancorp Inc. 0.37% 31,691 $1.3M No change
GEF.B Greif Inc. Class B 0.36% 19,895 $1.2M No change
LYTS Lsi Industries Inc. 0.35% 50,166 $1.2M Reduce -2.8%
KYN Kayne Anderson Energy Infra 0.33% 91,134 $1.1M No change
CART Maplebear Inc. 0.33% 30,000 $1.1M New
ACOG Alpha Cognition Inc. 0.32% 165,458 $1.1M No change
AEO American Eagle Outfitters 0.32% 62,500 $1.1M New
BBWI Bath & Body Works Inc. 0.31% 40,565 $1.0M New
RNW Renew Energy Global PLC-A 0.30% 132,100 $1.0M No change
ETSY Etsy Inc. 0.29% 15,000 $996K New
BF.A Brown-Forman Corp. Class A 0.28% 35,000 $942K No change
MOD Modine Manufacturing Co. 0.28% 6,602 $939K No change
RCKY Rocky Brands Inc. 0.26% 29,943 $892K No change
SN Sharkninja Inc. 0.25% 8,333 $860K New
FOX Fox Corp. Class B 0.25% 14,921 $855K No change
HFRO Highland Opport & Income 0.25% 133,496 $848K No change
ANET Arista Networks Inc. 0.25% 5,800 $845K New
WAY Waystar Holding Corp. 0.25% 22,000 $834K New
GTM Zoominfo Technologies Inc. 0.24% 75,000 $818K New
LAD Lithia Motors Inc. 0.24% 2,587 $817K Add +101.0%
GTLB Gitlab Inc. Class A 0.24% 18,000 $811K New
MA Mastercard Inc. Class A 0.24% 1,400 $796K No change
HIFS Hingham Institution for SVGS 0.23% 3,000 $791K Reduce -47.4%
JXN Jackson Financial Inc. Class A 0.22% 7,483 $758K No change
CELC Celcuity Inc. 0.22% 15,000 $741K New
ELMD Electromed Inc. 0.21% 29,570 $726K Add +13.4%
LUMN Lumen Technologies Inc. 0.21% 117,448 $719K New
SGI Somnigroup International Inc. 0.20% 8,200 $692K New
PCH Potlatchdeltic Corp. 0.20% 16,800 $685K New
BBCP Concrete Pumping Holdings Inc. 0.19% 92,250 $650K Add +20.1%
FEIM Frequency Electronics Inc. 0.19% 18,500 $627K New
ASTS Ast Spacemobile Inc. 0.19% 12,776 $627K New
FWONA Liberty Media Corp. Class A 0.18% 6,568 $625K No change
NATR Natures Sunshine Prods Inc. 0.17% 36,723 $570K Add +46.9%
PAYX Paychex Inc. 0.17% 4,480 $568K No change
FALN iShares Fallen Angels ETF 0.16% 19,658 $546K No change
NWL Newell Brands Inc. 0.16% 102,715 $538K New
MITK Mitek Systems Inc. 0.15% 53,054 $518K No change
CVCO Cavco Industries Inc. 0.15% 862 $501K Reduce -23.0%
SII Sprott Inc. 0.15% 5,993 $499K Reduce -3.5%
AZ A2Z CUST2MATE Solutions Corp. 0.15% 62,000 $495K New
HEI.A Heico Corp. Class A 0.14% 1,910 $485K No change
BSM Black Stone Minerals LP 0.13% 34,396 $452K No change
LODE Comstock Inc. 0.13% 131,050 $448K New
FTK Flotek Industries Inc. 0.13% 30,000 $438K New
WFCF Where Food Comes From Inc. 0.12% 31,251 $414K No change
MPTI M-Tron Industries Inc. 0.11% 7,000 $388K New
GROY Gold Royalty Corp. 0.11% 100,000 $386K New
GGG Graco Inc. 0.11% 4,500 $382K No change
SPH Suburban Propane Partners LP 0.11% 20,294 $378K No change
SSD Simpson Manufacturing Co. Inc. 0.11% 2,241 $375K No change
DENN Denny's Corp. 0.11% 70,000 $366K New
HBM Hudbay Minerals Inc. 0.11% 24,030 $364K New
FTHM Fathom Holdings Inc. 0.11% 200,000 $360K New
NTNX Nutanix Inc. Class A 0.10% 4,700 $350K New
DLR Digital Realty Trust Inc. 0.10% 2,000 $346K New
BILL Bill Holdings Inc. 0.10% 6,500 $344K New
EGO Eldorado Gold Corp. 0.10% 11,907 $344K New
FSM Fortuna Mining Corp. 0.10% 37,054 $332K New
LAUR Laureate Education Inc. 0.10% 10,452 $330K Reduce -4.4%
LIND Lindblad Expeditions Holding 0.09% 25,000 $320K New
OTEX Open Text Corp. 0.09% 8,559 $320K Reduce -2.6%
NEU Newmarket Corp. 0.09% 381 $316K No change
CRNT Ceragon Networks Ltd. 0.09% 135,000 $315K No change
FTDR Frontdoor Inc. 0.09% 4,647 $313K Add +3.0%
ENS Enersys 0.09% 2,750 $311K Add +12.3%
CARG Cargurus Inc. 0.09% 8,313 $309K Add +12.8%
EFXT Enerflex Ltd. 0.09% 28,574 $308K New
DDI Doubledown Interactive -ADR 0.09% 32,714 $306K No change
LEVI Levi Strauss & Co. Class A 0.09% 13,105 $305K New
DCI Donaldson Co. Inc. 0.09% 3,693 $302K New
MLI Mueller Industries Inc. 0.09% 2,981 $301K New
VRRM Verra Mobility Corp. 0.09% 12,171 $301K Add +21.5%
LOPE Grand Canyon Education Inc. 0.09% 1,357 $298K Add +7.7%
DBX Dropbox Inc. Class A 0.09% 9,745 $294K New
KE Kimball Electronics Inc. 0.09% 9,812 $293K New
ATKR Atkore Inc. 0.09% 4,664 $293K New
STRA Strategic Education Inc. 0.09% 3,402 $293K New
HNI Hni Corp. 0.09% 6,233 $292K Add +20.3%
REX Rex American Resources Corp. 0.09% 9,496 $291K New
R Ryder System Inc. 0.09% 1,538 $290K No change
GIL Gildan Activewear Inc. 0.09% 5,005 $289K No change
BCO The Brink's Co. 0.09% 2,471 $289K New
IPG Interpublic Group of Cos Inc. 0.08% 10,294 $287K New
ATMU Atmus Filtration Technologie 0.08% 6,365 $287K No change
BWA Borgwarner Inc. 0.08% 6,523 $287K New
HDSN Hudson Technologies Inc. 0.08% 28,877 $287K New
MCRI Monarch Casino & Resort Inc. 0.08% 2,676 $283K New
TBLA Taboola.com Ltd. 0.08% 82,688 $282K New
INMD Inmode Ltd. 0.08% 18,895 $282K New
GFF Griffon Corp. 0.08% 3,694 $281K Add +9.3%
SANM Sanmina Corp. 0.08% 2,430 $280K Reduce -15.7%
OPEN Opendoor Technologies Inc. 0.08% 35,000 $279K New
ALV Autoliv Inc. 0.08% 2,258 $279K New
CSTM Constellium SE 0.08% 18,719 $279K New
INDV Indivior Ltd. 0.08% 11,540 $278K New
PHIN Phinia Inc. 0.08% 4,829 $278K Reduce -12.6%
AWI Armstrong World Industries 0.08% 1,415 $277K New
ADT Adt Inc. 0.08% 31,674 $276K New
LNN Lindsay Corp. 0.08% 1,953 $275K Add +10.4%
CBL CBL & Associates Properties 0.08% 8,976 $274K New
ROCK Gibraltar Industries Inc. 0.08% 4,328 $272K Add +7.9%
GNSS Genasys Inc. 0.08% 110,795 $271K Reduce -4.2%
YELP Yelp Inc. 0.08% 8,695 $271K Add +42.0%
VNT Vontier Corp. 0.08% 6,437 $270K Reduce -2.6%
TTC Toro Co. 0.08% 3,541 $270K Add +9.1%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 0.08% 32,939 $269K New
SEM Select Medical Holdings Corp. 0.08% 20,934 $269K New
FELE Franklin Electric Co. Inc. 0.08% 2,815 $268K New
TNL Travel + Leisure Co. 0.08% 4,504 $268K Reduce -6.5%
NMM Navios Maritime Partners LP 0.08% 5,939 $268K Reduce -1.8%
FSV Firstservice Corp. 0.08% 1,404 $267K New
CNXN PC Connection Inc. 0.08% 4,309 $267K Add +24.1%
DAC Danaos Corp. 0.08% 2,972 $267K Add +4.1%
OPCH Option Care Health Inc. 0.08% 9,574 $266K Add +24.6%
ALSN Allison Transmission Holding 0.08% 3,127 $265K Add +34.4%
TMHC Taylor Morrison Home Corp. 0.08% 4,014 $265K No change
MTCH Match Group Inc. 0.08% 7,441 $263K New
MSA Msa Safety Inc. 0.08% 1,527 $263K No change
DOX Amdocs Ltd. 0.08% 3,173 $260K Add +43.6%
KOP Koppers Holdings Inc. 0.08% 9,263 $259K New
UNF Unifirst Corp. 0.08% 1,548 $259K New
MAT Mattel Inc. 0.08% 15,301 $258K New
PGNY Progyny Inc. 0.08% 11,938 $257K Add +4.6%
CTS CTS Corp. 0.08% 6,427 $257K Add +13.4%
LNWO Light & Wonder Inc. 0.08% 3,031 $254K Add +9.4%
CENTA Central Garden and Pet Co. Class A 0.07% 8,436 $249K Add +8.0%
CRI Carter's Inc. 0.07% 8,588 $242K No change
NOMD Nomad Foods Ltd. 0.07% 17,894 $235K Add +34.0%
KEX Kirby Corp. 0.07% 2,789 $233K Add +23.1%
KMDA Kamada Ltd. 0.06% 31,585 $219K No change
RELL Richardson Elec Ltd. 0.06% 20,000 $196K Reduce -57.9%
AWRE Aware Inc. 0.05% 70,090 $169K Reduce -66.0%
RNGR Ranger Energy Services Class A 0.05% 11,980 $168K New
CATO Cato Corp. Class A 0.05% 38,226 $161K No change
SGA Saga Communications Inc. Class A 0.04% 12,160 $151K No change
EWCZ European Wax Center Inc. Class A 0.04% 31,987 $128K New
TLYS Tilly's Inc. Class A SHRS 0.04% 60,203 $124K No change
TTSH Tile Shop Hldgs Inc. 0.03% 18,999 $115K No change
TZOO Travelzoo 0.03% 10,773 $106K New
BRC INC-A 0.02% 40,000 $62K New

Options reported separately and not counted above: TESLA INC puts ($55.6M), ISHARES BITCOIN TRUST ETF calls ($52.5M), ISHARES BITCOIN TRUST ETF puts ($39.0M), RIGETTI COMPUTING INC puts ($36.1M), IONQ INC puts ($26.1M), ARK ETF TR calls ($21.6M), QUANTUM COMPUTING INC puts ($15.8M), CARVANA CO puts ($12.7M), D-WAVE QUANTUM INC puts ($9.9M), STRATEGY INC puts ($9.7M), XP INC puts ($9.4M), PURECYCLE TECHNOLOGIES INC puts ($8.8M), and 21 more.

Other holdings (8): bonds, preferreds, convertibles and warrants · $814K (not counted above)
SecurityClassShares / PrincipalValueChange
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 259,479$454KNew
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 113,200$203KNew
BEYOND MEAT INC (BYND 0 03/15/27) NOTE 3/1 · principal 500,000$140KNo change
MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 72,377$7KNo change
OIOWW Esgl Holdings Ltd.-28 *W EXP 08/02/202 42,000$5KNo change
CYCUW Cycurion Inc.-CW27 *W EXP 02/13/203 100,000$4KNo change
MSAIW Sportsmap Tech Acq -CW27 *W EXP 12/19/202 37,500$1KNo change
SHFSW Northern Lights Acquis -CW22 *W EXP 09/28/202 25,000$845No change

Total filed on the 13F, all lines: $339.4M.

Portfolio Sells Q2 2025 → Q3 2025
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −4.46
IWM iShares Russell 2000 ETF Sold out 0.00% −2.96
IBIT iShares Bitcoin Trust ETF Reduce -15.1% 7.43% −1.46
IBB iShares Biotechnology ETF Sold out 0.00% −1.15
MSFT Microsoft Corp. Reduce -15.0% 2.60% −0.57
NKE Nike Inc. Class B Reduce -50.0% 0.46% −0.56
BTC Grayscale Bitcoin Mini ETF Sold out 0.00% −0.50
ORCL Oracle Corp. Sold out 0.00% −0.49
MELI MercadoLibre Inc. Reduce -20.0% 0.72% −0.36
TYG Tortoise Energy Infrastruct Sold out 0.00% −0.33
AMAT Applied Materials Inc. Sold out 0.00% −0.32
VT Vanguard Tot World STK ETF Sold out 0.00% −0.30
EMO Clearbridge Energy Midstream Sold out 0.00% −0.25
PPTA Perpetua Resources Corp. Sold out 0.00% −0.25
HIFS Hingham Institution for SVGS Reduce -47.4% 0.23% −0.22
BKNG Booking Holdings Inc. Reduce -9.3% 0.78% −0.21
STRT Strattec Security Corp. Sold out 0.00% −0.21
BCI Abrdn Bloomberg All Commodit Sold out 0.00% −0.20
DAL Delta Air Lines Inc. Reduce -14.9% 2.01% −0.20
NXG NXG Nextgen Infrastr Inc. Sold out 0.00% −0.18
MRNA Moderna Inc. Sold out 0.00% −0.18
SSNC Ss&c Technologies Holdings Reduce -18.5% 0.55% −0.13
TASEKO MINES LTD Sold out 0.00% −0.11
CHYM Chime Financial Inc. Class A Sold out 0.00% −0.11
VMEO Vimeo Inc. Sold out 0.00% −0.10
UAN CVR Partners LP Sold out 0.00% −0.10
KODK Eastman Kodak Co. Sold out 0.00% −0.10
DCTH Delcath Systems Inc. Sold out 0.00% −0.09
XTEAX Tortoise Sust&social Imp Ter Sold out 0.00% −0.09
TBCH Turtle Beach Corp. Sold out 0.00% −0.09
RELL Richardson Elec Ltd. Reduce -57.9% 0.06% −0.09
CGAU Centerra Gold Inc. Sold out 0.00% −0.09
GIFI Gulf Island Fabrication Inc. Sold out 0.00% −0.09
TOL Toll Brothers Inc. Sold out 0.00% −0.08
CPA Copa Holdings SA Class A Sold out 0.00% −0.08
WCC Wesco International Inc. Sold out 0.00% −0.08
LECO Lincoln Electric Holdings Sold out 0.00% −0.08
ITT Itt Inc. Sold out 0.00% −0.08
AN Autonation Inc. Sold out 0.00% −0.08
ERII Energy Recovery Inc. Sold out 0.00% −0.08
AIN Albany Intl Corp. Class A Sold out 0.00% −0.08
FLS Flowserve Corp. Sold out 0.00% −0.08
NVGS Navigator Holdings Ltd. Sold out 0.00% −0.08
TPH Tri Pointe Homes Inc. Sold out 0.00% −0.08
MANH Manhattan Associates Inc. Sold out 0.00% −0.08
TK Teekay Corp. Ltd. Sold out 0.00% −0.08
CCS Century Communities Inc. Sold out 0.00% −0.08
ALLE Allegion PLC Sold out 0.00% −0.08
GRBK Green Brick Partners Inc. Sold out 0.00% −0.08
APOG Apogee Enterprises Inc. Sold out 0.00% −0.08

Portfolio Buys Q2 2025 → Q3 2025
CRC California Resources Corp. New 3.34% +3.34
FLR Fluor Corp. New 2.79% +2.79
SPY SS SPDR S&P 500 ETF Trust-US Add +5.3% 15.66% +0.79
JOUT Johnson Outdoors Inc. Class A Add +188.4% 1.08% +0.78
HSAI Hesai Group Add +204.2% 1.01% +0.73
TGT Target Corp. New 0.63% +0.63
MAMA Mama's Creations Inc. Add +72.5% 0.96% +0.49
ASML ASML Holding NV-NY Reg SHS Add +17.8% 1.90% +0.46
ETHA iShares Ethereum Trust ETF New 0.44% +0.44
QURE Uniqure NV New 0.39% +0.39
CART Maplebear Inc. New 0.33% +0.33
AEO American Eagle Outfitters New 0.32% +0.32
BBWI Bath & Body Works Inc. New 0.31% +0.31
ETSY Etsy Inc. New 0.29% +0.29
ACIW Aci Worldwide Inc. Add +111.2% 0.49% +0.27
NVR NVR Inc. Add +127.9% 0.47% +0.26
SN Sharkninja Inc. New 0.25% +0.25
ANET Arista Networks Inc. New 0.25% +0.25
WAY Waystar Holding Corp. New 0.25% +0.25
GTM Zoominfo Technologies Inc. New 0.24% +0.24
GTLB Gitlab Inc. Class A New 0.24% +0.24
CELC Celcuity Inc. New 0.22% +0.22
LUMN Lumen Technologies Inc. New 0.21% +0.21
SGI Somnigroup International Inc. New 0.20% +0.20
PCH Potlatchdeltic Corp. New 0.20% +0.20
FEIM Frequency Electronics Inc. New 0.19% +0.19
ASTS Ast Spacemobile Inc. New 0.19% +0.19
G Genpact Ltd. Add +50.6% 0.70% +0.17
NWL Newell Brands Inc. New 0.16% +0.16
BNTX Biontech SE-ADR Add +46.1% 0.74% +0.15
AZ A2Z CUST2MATE Solutions Corp. New 0.15% +0.15
LODE Comstock Inc. New 0.13% +0.13
FTK Flotek Industries Inc. New 0.13% +0.13
ITRN Ituran Location and Control Add +21.9% 2.96% +0.12
MPTI M-Tron Industries Inc. New 0.11% +0.11
GROY Gold Royalty Corp. New 0.11% +0.11
DENN Denny's Corp. New 0.11% +0.11
HBM Hudbay Minerals Inc. New 0.11% +0.11
FTHM Fathom Holdings Inc. New 0.11% +0.11
NTNX Nutanix Inc. Class A New 0.10% +0.10
LAD Lithia Motors Inc. Add +101.0% 0.24% +0.10
DLR Digital Realty Trust Inc. New 0.10% +0.10
BILL Bill Holdings Inc. New 0.10% +0.10
EGO Eldorado Gold Corp. New 0.10% +0.10
FSM Fortuna Mining Corp. New 0.10% +0.10
LIND Lindblad Expeditions Holding New 0.09% +0.09
EFXT Enerflex Ltd. New 0.09% +0.09
LEVI Levi Strauss & Co. Class A New 0.09% +0.09
DCI Donaldson Co. Inc. New 0.09% +0.09
BLKB Blackbaud Inc. Add +32.5% 0.47% +0.09

Options Activity Q2 2025 → Q3 2025
TESLA INC put Reduce -8.4% 125,000 $55.6M
ISHARES BITCOIN TRUST ETF call Add +2593.3% 808,000 $52.5M
RIGETTI COMPUTING INC put Reduce -1.8% 1,212,400 $36.1M
ARK ETF TR call New 250,000 $21.6M
D-WAVE QUANTUM INC put New 400,000 $9.9M
STRATEGY INC put Add +200.0% 30,000 $9.7M
XP INC put New 500,000 $9.4M
PURECYCLE TECHNOLOGIES INC put Add +10.9% 666,800 $8.8M
NVIDIA CORPORATION put Sold out 50,000 $7.9Mbefore exit
CALIFORNIA RES CORP call New 137,000 $7.3M
WALMART INC call New 49,800 $5.1M
SOLARIS ENERGY INFRAS INC put Reduce -60.0% 116,900 $4.7M
ISHARES ETHEREUM TR call New 126,000 $4.0M
MAPLEBEAR INC call New 100,000 $3.7M
OKLO INC put New 30,000 $3.3M
PERPETUA RESOURCES CORP call New 129,800 $2.6M
SABLE OFFSHORE CORP put New 110,100 $1.9M
SYMBOTIC INC put New 24,900 $1.3M
ANAVEX LIFE SCIENCES CORP put New 110,000 $979K
LIMONEIRA CO call New 13,500 $200K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 New 259,479 $454K
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 New 113,200 $203K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 139$389.8MQQQ, SPY, GOOGL, DAL, WSE
Q1 2026 148$301.5MSPY, GOOGL, ITRN, QQQ, IBIT
Q4 2025Amended 236$288.0MSPY, GOOGL, IBIT, ITRN, QQQ
Q3 2025 195$338.6MSPY, IBIT, GOOGL, CRC, ITRN
Q2 2025 193$313.9MSPY, IBIT, GBTC, GOOGL, MSFT
Q1 2025 195$269.1MIBIT, SPY, GBTC, GOOGL, BRK.B
Q4 2024 277$319.9MIBIT, SPY, GBTC, TYG, GOOGL
Q3 2024 217$240.8MSPY, GOOGL, META, MSFT, GBTC
Q2 2024Amended 236$239.4MSPY, IBB, GOOGL, MSFT, GBTC
Q1 2024 230$234.3MGBTC, SPY, CEM, MSFT, GOOGL