Aristides Capital LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 26, 2026), Aristides Capital LLC reported 236 stock positions worth $288.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.6% of the portfolio, followed by Alphabet Class A (GOOGL, 5.8%) and iShares Bitcoin Trust ETF (IBIT, 5.5%). Compared with Q3 2025, it opened 112 new positions, sold out of 71, added to 75 and reduced 44. The biggest buy was a new position in iShares Silver Trust (SLV) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −54%).

Most Recent 13F
Q2 2026
Location
LOUISVILLE, KY
CIK
0001595521
Portfolio Value
$288.0M (Q4 2025)
SEC Filing
0001595521-26-000004 ↗ filed Feb 26, 2026

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 Q3 2025 Q4 2025: $288.0M $288.0M Q4 2025 Q1 2026: $301.5M Q1 2026 Q2 2026: $389.8M Q2 2026

Holdings 236 stocks · $288.0M
SPY SS SPDR S&P 500 ETF Trust-US 8.63% 36,464 $24.9M Reduce -54.2%
GOOGL Alphabet Inc. Class A 5.78% 53,140 $16.6M Reduce -14.9%
IBIT iShares Bitcoin Trust ETF 5.53% 320,713 $15.9M Reduce -17.2%
ITRN Ituran Location and Control 4.23% 283,405 $12.2M Add +1.1%
QQQ Invesco QQQ Trust Series 1 3.49% 16,350 $10.0M Add +4.7%
TPB Turning Point Brands Inc. 3.24% 86,010 $9.3M Reduce -3.8%
DAL Delta Air Lines Inc. 3.02% 125,332 $8.7M Add +4.7%
MSFT Microsoft Corp. 2.98% 17,770 $8.6M Add +4.7%
IJR iShares Core S&P Small-Cap E 2.62% 62,720 $7.5M Add +4.5%
CRC California Resources Corp. 2.56% 164,561 $7.4M Reduce -22.5%
BKUTK Bank Utica N Y 2.49% 13,884 $7.2M No change
ACN Accenture PLC Class A 2.45% 26,279 $7.1M Add +47.7%
JOUT Johnson Outdoors Inc. Class A 1.67% 113,004 $4.8M Add +24.9%
SLV iShares Silver Trust 1.65% 73,600 $4.7M New
ITIC Investors Title Co. 1.45% 16,680 $4.2M Add +4.8%
EVTC Evertec Inc. 1.36% 134,216 $3.9M Add +13.2%
AKAM Akamai Technologies Inc. 1.28% 42,346 $3.7M Add +91.0%
G Genpact Ltd. 1.21% 74,248 $3.5M Add +31.2%
BKNG Booking Holdings Inc. 1.20% 644 $3.4M Add +31.4%
HCKT The Hackett Group Inc. 1.18% 172,373 $3.4M Add +4.2%
HD Home Depot Inc. 1.11% 9,280 $3.2M Add +4.5%
MAMA Mama's Creations Inc. 1.02% 217,965 $2.9M Reduce -29.5%
MPTI M-Tron Industries Inc. 1.00% 54,054 $2.9M Add +672.2%
V Visa Inc. Class A 1.00% 8,180 $2.9M Add +4.2%
HSAI Hesai Group 0.99% 127,024 $2.8M Add +4.6%
ETON Eton Pharmaceuticals Inc. 0.95% 161,436 $2.7M Reduce -3.7%
IRMD Iradimed Corp. 0.94% 27,734 $2.7M Add +5.0%
BNTX Biontech SE-ADR 0.88% 26,559 $2.5M Add +4.7%
ABNB Airbnb Inc. Class A 0.85% 17,967 $2.4M Add +4.8%
CRI Carter's Inc. 0.83% 73,416 $2.4M Add +754.9%
NL Nli Holdings Inc. filed as NL INDS INC 0.79% 417,014 $2.3M Add +0.5%
AVNW Aviat Networks Inc. 0.78% 104,675 $2.2M Add +4.5%
CCJ Cameco Corp. 0.76% 24,018 $2.2M Add +42.8%
ACIW Aci Worldwide Inc. 0.75% 44,895 $2.1M Add +43.2%
ASML ASML Holding NV-NY Reg SHS 0.74% 2,000 $2.1M Reduce -69.8%
EQT Eqt Corp. 0.69% 37,100 $2.0M Add +4.5%
SSNC Ss&c Technologies Holdings 0.66% 21,776 $1.9M Add +4.7%
AGM.A Federal Agric MTG Corp. Class A 0.66% 14,131 $1.9M Add +1.6%
BKUT Bank Utica 0.66% 3,572 $1.9M Add +38.9%
BLKB Blackbaud Inc. 0.65% 29,476 $1.9M Add +17.9%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.63% 42,196 $1.8M Add +4.5%
YUM Yum! Brands Inc. 0.59% 11,290 $1.7M Add +4.5%
AB Alliancebernstein Holding LP 0.57% 42,750 $1.6M Add +4.5%
CWB SS SPDR BB Conv Sec ETF 0.56% 18,166 $1.6M Add +4.8%
ICE Intercontinental Exchange Inc. 0.56% 10,000 $1.6M New
BWXT BWX Technologies Inc. 0.56% 9,330 $1.6M Reduce -20.7%
CELC Celcuity Inc. 0.53% 15,303 $1.5M Add +2.0%
NVR NVR Inc. 0.52% 206 $1.5M Add +5.1%
GEF.B Greif Inc. Class B 0.52% 19,895 $1.5M No change
ARKB ARK 21SHARES Bitcoin ETF 0.49% 48,880 $1.4M Reduce -74.9%
ACOG Alpha Cognition Inc. 0.49% 215,458 $1.4M Add +30.2%
BOND PIMCO Active Bond Exchange-T 0.48% 14,977 $1.4M Add +4.5%
FSBW FS Bancorp Inc. 0.47% 33,041 $1.4M Add +4.3%
EXP Eagle Materials Inc. 0.42% 5,821 $1.2M Add +4.7%
SSD Simpson Manufacturing Co. Inc. 0.41% 7,341 $1.2M Add +227.6%
ETHE Grayscale Ethereum Staking E 0.38% 44,985 $1.1M New
MELI MercadoLibre Inc. 0.38% 542 $1.1M Reduce -47.9%
TTC Toro Co. 0.36% 13,312 $1.0M Add +275.9%
FOX Fox Corp. Class B 0.35% 15,591 $1.0M Add +4.5%
LYTS Lsi Industries Inc. 0.33% 52,516 $962K Add +4.7%
PCH Potlatchdeltic Corp. 0.33% 23,800 $947K Add +41.7%
BF.A Brown-Forman Corp. Class A 0.32% 35,000 $921K No change
MOD Modine Manufacturing Co. 0.32% 6,803 $908K Add +3.0%
RCKY Rocky Brands Inc. 0.32% 30,922 $907K Add +3.3%
LAD Lithia Motors Inc. 0.31% 2,707 $900K Add +4.6%
NATR Natures Sunshine Prods Inc. 0.31% 40,907 $883K Add +11.4%
MA Mastercard Inc. Class A 0.29% 1,460 $833K Add +4.3%
HFRO Highland Opport & Income 0.28% 133,496 $798K No change
ELMD Electromed Inc. 0.28% 27,302 $795K Reduce -7.7%
RNW Renew Energy Global PLC-A 0.27% 138,020 $780K Add +4.5%
KYN Kayne Anderson Energy Infra 0.27% 62,574 $775K Reduce -31.3%
BBCP Concrete Pumping Holdings Inc. 0.23% 99,392 $667K Add +7.7%
SII Sprott Inc. 0.21% 6,273 $614K Add +4.7%
FWONA Liberty Media Corp. Class A 0.21% 6,838 $611K Add +4.1%
MITK Mitek Systems Inc. 0.20% 55,434 $585K Add +4.5%
FALN iShares Fallen Angels ETF 0.19% 20,548 $561K Add +4.5%
FTK Flotek Industries Inc. 0.19% 31,390 $541K Add +4.6%
CVCO Cavco Industries Inc. 0.18% 902 $533K Add +4.6%
PAYX Paychex Inc. 0.18% 4,680 $525K Add +4.5%
HEI.A Heico Corp. Class A 0.17% 1,910 $482K No change
BSM Black Stone Minerals LP 0.16% 35,516 $472K Add +3.3%
SPH Suburban Propane Partners LP 0.14% 21,174 $393K Add +4.3%
GGG Graco Inc. 0.13% 4,720 $387K Add +4.9%
LIND Lindblad Expeditions Holding 0.13% 26,180 $378K Add +4.7%
WFCF Where Food Comes From Inc. 0.13% 32,551 $374K Add +4.2%
BWEN Broadwind Inc. 0.13% 128,133 $363K New
NVRI Enviri Corp. 0.12% 20,000 $358K New
TBLA Taboola.com Ltd. 0.12% 76,710 $354K Reduce -7.2%
BKTI BK Technologies Corp. 0.12% 4,487 $335K New
NPK National Presto Inds Inc. 0.11% 3,028 $323K New
LAUR Laureate Education Inc. 0.11% 9,563 $322K Reduce -8.5%
TLYS Tilly's Inc. Class A SHRS 0.11% 160,373 $319K Add +166.4%
MCRI Monarch Casino & Resort Inc. 0.11% 3,174 $304K Add +18.6%
ATMU Atmus Filtration Technologie 0.10% 5,725 $297K Reduce -10.1%
CRNT Ceragon Networks Ltd. 0.10% 141,130 $296K Add +4.5%
CSTM Constellium SE 0.10% 15,659 $295K Reduce -16.4%
DDI Doubledown Interactive -ADR 0.10% 34,194 $295K Add +4.5%
DCI Donaldson Co. Inc. 0.10% 3,295 $292K Reduce -10.8%
NMM Navios Maritime Partners LP 0.10% 5,405 $283K Reduce -9.0%
FEIM Frequency Electronics Inc. 0.10% 5,202 $280K Reduce -71.9%
CARG Cargurus Inc. 0.09% 7,095 $272K Reduce -14.7%
REX Rex American Resources Corp. 0.09% 8,393 $271K Reduce -11.6%
DORM Dorman Products Inc. 0.09% 2,194 $270K Reduce -84.8%
CNTN Canton Strategic Holdings Inc. filed as THARIMMUNE INC 0.09% 83,500 $253K New
MIDD Middleby Corp. 0.09% 1,676 $249K New
DAC Danaos Corp. 0.08% 2,570 $242K Reduce -13.5%
GNSS Genasys Inc. 0.08% 112,755 $242K Add +1.8%
BCO The Brink's Co. 0.08% 2,041 $238K Reduce -17.4%
KMDA Kamada Ltd. 0.08% 33,015 $233K Add +4.5%
PHIN Phinia Inc. 0.08% 3,659 $229K Reduce -24.2%
OTEX Open Text Corp. 0.08% 7,031 $229K Reduce -17.9%
RELL Richardson Elec Ltd. 0.08% 20,940 $228K Add +4.7%
PDS Precision Drilling Corp. 0.08% 3,133 $225K New
REVG Rev Group Inc. 0.08% 3,701 $225K New
EFXT Enerflex Ltd. 0.08% 14,395 $222K Reduce -49.6%
IBTA Ibotta Inc. Class A 0.08% 9,700 $220K New
BMBL Bumble Inc. Class A 0.07% 60,000 $214K New
CRAI Cra International Inc. 0.07% 1,066 $214K New
STRA Strategic Education Inc. 0.07% 2,664 $214K Reduce -21.7%
UAN CVR Partners LP 0.07% 2,084 $214K New
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.07% 2,062 $213K New
VRRM Verra Mobility Corp. 0.07% 9,519 $213K Reduce -21.8%
DOX Amdocs Ltd. 0.07% 2,640 $213K Reduce -16.8%
FTDR Frontdoor Inc. 0.07% 3,672 $212K Reduce -21.0%
PRGO Perrigo Co. PLC 0.07% 15,200 $212K New
MSGE Madison Square Garden Entert 0.07% 3,915 $211K New
NWPX NWPX Infrastructure Inc. 0.07% 3,369 $211K New
THRY Thryv Holdings Inc. 0.07% 34,700 $210K New
EXLS Exlservice Holdings Inc. 0.07% 4,920 $209K New
LOPE Grand Canyon Education Inc. 0.07% 1,254 $209K Reduce -7.6%
MOG.A Moog Inc. Class A 0.07% 856 $208K New
BBWI Bath & Body Works Inc. 0.07% 10,378 $208K Reduce -74.4%
AWI Armstrong World Industries 0.07% 1,085 $207K Reduce -23.3%
FUN Six Flags Entertainment Corp. 0.07% 13,500 $207K New
CXW Corecivic Inc. 0.07% 10,811 $207K New
FELE Franklin Electric Co. Inc. 0.07% 2,145 $205K Reduce -23.8%
VNT Vontier Corp. 0.07% 5,508 $205K Reduce -14.4%
EMPD Empery Digital Inc. 0.07% 44,800 $205K New
BYD Boyd Gaming Corp. 0.07% 2,399 $204K New
THR Thermon Group Holdings Inc. 0.07% 5,501 $204K New
IDT Idt Corp. Class B 0.07% 3,988 $204K New
EPAC Enerpac Tool Group Corp. 0.07% 5,324 $204K New
GFF Griffon Corp. 0.07% 2,764 $204K Reduce -25.2%
SITC Site Centers Corp. filed as SITE CTRS CORP 0.07% 31,700 $204K New
BBSI Barrett Business SVCS Inc. 0.07% 5,618 $203K New
FCN Fti Consulting Inc. 0.07% 1,189 $203K New
LFMD Lifemd Inc. 0.07% 59,500 $203K New
HLIT Harmonic Inc. 0.07% 20,460 $202K New
OEC Orion SA 0.07% 38,200 $202K New
TNC Tennant Co. 0.07% 2,727 $201K New
YELP Yelp Inc. 0.07% 6,605 $201K Reduce -24.0%
ABTC American Bitcoin Corp. 0.07% 117,600 $200K New
BHC Bausch Health Cos Inc. 0.07% 28,639 $199K New
AIRO Airo Group Holdings Inc. 0.07% 24,100 $197K New
PTLO Portillo's Inc. Class A 0.07% 43,400 $197K New
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 0.07% 35,900 $196K Add +9.0%
ACHC Acadia Healthcare Co. Inc. 0.07% 13,800 $196K New
EVH Evolent Health Inc. Class A 0.07% 48,800 $195K New
SRFM Surf Air Mobility Inc. 0.07% 100,600 $195K New
ADT Adt Inc. 0.07% 24,177 $195K Reduce -23.7%
HPK Highpeak Energy Inc. 0.07% 41,000 $194K New
MNTN MNTN Inc. Class A 0.07% 16,000 $191K New
RC Ready Capital Corp. 0.07% 86,900 $189K New
KLC Kindercare Learning Cos Inc. 0.07% 43,700 $189K New
TSSI TSS Inc. 0.07% 26,700 $189K New
STIM Neuronetics Inc. 0.07% 136,400 $188K New
NPKI NPK International Inc. 0.07% 15,754 $188K New
BNC Cea Industries Inc. 0.07% 29,200 $187K New
DFDV Defi Development Corp. 0.07% 37,100 $187K New
ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW 0.07% 66,800 $187K New
ALIT Alight Inc. Class A 0.06% 95,600 $186K New
SG Sweetgreen Inc. Class A 0.06% 27,300 $185K New
HDSN Hudson Technologies Inc. 0.06% 26,720 $183K Reduce -7.5%
ERII Energy Recovery Inc. 0.06% 13,516 $182K New
NFE New Fortress Energy Inc. 0.06% 159,600 $182K New
FG NEXUS INC. 0.06% 66,100 $182K New
GOGO Gogo Inc. 0.06% 39,000 $182K New
XRX Xerox Holdings Corp. 0.06% 76,300 $181K New
JANX Janux Therapeutics Inc. 0.06% 13,100 $181K New
FWDI Forward Industries Inc. 0.06% 27,300 $180K New
ARBE Arbe Robotics Ltd. 0.06% 152,600 $180K New
KOS Kosmos Energy Ltd. 0.06% 197,200 $179K New
HAFN Hafnia Ltd. 0.06% 33,548 $179K New
JELD Jeld-Wen Holding Inc. 0.06% 72,500 $178K New
OM Outset Medical Inc. 0.06% 47,700 $177K New
BKKT Bakkt Inc. filed as BAKKT HOLDINGS INC 0.06% 17,600 $177K New
ASPN Aspen Aerogels Inc. 0.06% 62,400 $177K New
SMLR Semler Scientific Inc. 0.06% 11,500 $176K New
TMCI Treace Medical Concepts Inc. 0.06% 70,500 $173K New
SUIG Sui Group Holdings Ltd. 0.06% 101,300 $169K New
AISP Airship AI Holdings Inc. 0.06% 58,136 $168K New
LENZ Lenz Therapeutics Inc. 0.06% 10,500 $168K New
SUPX Superx AI Technology Ltd. 0.06% 10,646 $167K New
SLMT Brera Holdings PLC Class B 0.06% 89,000 $166K New
EXOD Exodus Movement Inc. Class A 0.06% 11,100 $164K New
GEMI Gemini Space Station Inc. Class A 0.06% 16,500 $164K New
FTHM Fathom Holdings Inc. 0.06% 161,390 $163K Reduce -19.3%
NMAX Newsmax Inc. 0.06% 20,900 $162K New
SB Safe Bulkers Inc. 0.06% 33,440 $161K New
ARCT Arcturus Therapeutics Holdin 0.06% 26,283 $161K New
KULR Kulr Technology Group Inc. 0.06% 54,200 $160K New
HUMA Humacyte Inc. 0.05% 162,900 $156K New
AIFC AI Financial Corp. filed as ALT5 SIGMA CORP 0.05% 141,200 $155K New
BYND Beyond Meat Inc. 0.05% 186,200 $153K New
RNGR Ranger Energy Services Class A 0.05% 10,755 $150K Reduce -10.2%
DEFT Defi Technologies Inc. 0.05% 189,800 $143K New
AIRS Airsculpt Technologies Inc. 0.05% 70,467 $140K New
SENS Senseonics Holdings Inc. 0.05% 25,100 $139K New
BITCOIN DEPOT INC 0.05% 106,500 $137K New
HSDT Solana Co. 0.05% 47,400 $137K New
ORBS Eightco Holdings Inc. 0.05% 78,400 $136K New
PROP Prairie Operating Co. 0.05% 79,900 $135K New
HAIN Hain Celestial Group Inc. 0.05% 123,200 $132K New
AWRE Aware Inc. 0.05% 70,259 $130K Add +0.2%
FRMM Forum Markets Inc. filed as ETHZILLA CORPORATION 0.04% 26,200 $128K New
KOPN Kopin Corp. 0.04% 54,044 $126K New
GROY Gold Royalty Corp. 0.04% 30,100 $122K Reduce -69.9%
CATO Cato Corp. Class A 0.04% 39,136 $121K Add +2.4%
SOC Sable Offshore Corp. 0.04% 13,400 $121K New
PMI Picard Medical Inc. 0.04% 67,312 $118K New
ELBM Electra Battery Materials Co. 0.04% 144,400 $116K New
INFU Infusystem Holdings Inc. 0.04% 12,221 $110K New
SLQT Selectquote Inc. 0.04% 76,700 $108K New
UPXI Upexi Inc. 0.03% 59,342 $100K New
FARADAY FUTURE INTLGT ELEC I 0.03% 97,628 $100K New
PDYN Palladyne AI Corp. 0.03% 23,342 $99K New
TONX Ton Strategy Co. 0.03% 46,900 $93K New
BZAI Blaize Holdings Inc. 0.03% 43,855 $86K New
LFVN Lifevantage Corp. 0.03% 12,300 $76K New
ATOM Atomera Inc. 0.03% 33,500 $74K New
RCEL Avita Medical Inc. 0.02% 13,900 $48K New
BRC INC-A 0.02% 41,880 $46K Add +4.7%
MLGO Microalgo Inc. 0.02% 10,200 $45K New
AVX Avax One Technology Ltd. 0.01% 20,400 $31K New
NNOX Nano-X Imaging Ltd. 0.01% 10,877 $30K New
SKYA Skyai Inc. filed as SHARPS TECHNOLOGY INC 0.01% 12,100 $25K New

Options reported separately and not counted above: ISHARES BITCOIN TRUST ETF calls ($42.1M), D-WAVE QUANTUM INC puts ($34.9M), ISHARES BITCOIN TRUST ETF puts ($30.0M), TESLA INC puts ($27.0M), RIGETTI COMPUTING INC puts ($26.9M), IONQ INC puts ($19.0M), CARVANA CO puts ($14.2M), ROBINHOOD MKTS INC puts ($13.6M), ISHARES SILVER TR puts ($11.9M), APPLOVIN CORP puts ($8.7M), XP INC puts ($8.2M), SOLARIS ENERGY INFRAS INC puts ($6.7M), and 17 more.

Other holdings (7): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
SecurityClassShares / PrincipalValueChange
FLUENCE ENERGY INC (FLNC 2.25 06/15/30) NOTE 2.250% 6/1 · principal 1,000,000$1.2MNew
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 113,707$225KAdd +0.5%
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$4KNo change
CYCUW Cycurion Inc.-CW27 *W EXP 02/13/203 100,000$3KNo 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$948No change

Total filed on the 13F, all lines: $289.4M.

Portfolio Sells Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -54.2% 8.63% −7.03
FLR Fluor Corp. Sold out 0.00% −2.79
IBIT iShares Bitcoin Trust ETF Reduce -17.2% 5.53% −1.90
ARKB ARK 21SHARES Bitcoin ETF Reduce -74.9% 0.49% −1.70
ASML ASML Holding NV-NY Reg SHS Reduce -69.8% 0.74% −1.15
CRC California Resources Corp. Reduce -22.5% 2.56% −0.78
TGT Target Corp. Sold out 0.00% −0.63
DORM Dorman Products Inc. Reduce -84.8% 0.09% −0.57
NKE Nike Inc. Class B Sold out 0.00% −0.46
ETHA iShares Ethereum Trust ETF Sold out 0.00% −0.44
CUK Carnival PLC-ADR Sold out 0.00% −0.41
QURE Uniqure NV Sold out 0.00% −0.39
MELI MercadoLibre Inc. Reduce -47.9% 0.38% −0.34
CART Maplebear Inc. Sold out 0.00% −0.33
AEO American Eagle Outfitters Sold out 0.00% −0.32
ETSY Etsy Inc. Sold out 0.00% −0.29
SN Sharkninja Inc. Sold out 0.00% −0.25
ANET Arista Networks Inc. Sold out 0.00% −0.25
WAY Waystar Holding Corp. Sold out 0.00% −0.25
GTM Zoominfo Technologies Inc. Sold out 0.00% −0.24
GTLB Gitlab Inc. Class A Sold out 0.00% −0.24
BBWI Bath & Body Works Inc. Reduce -74.4% 0.07% −0.24
HIFS Hingham Institution for SVGS Sold out 0.00% −0.23
JXN Jackson Financial Inc. Class A Sold out 0.00% −0.22
LUMN Lumen Technologies Inc. Sold out 0.00% −0.21
SGI Somnigroup International Inc. Sold out 0.00% −0.20
ASTS Ast Spacemobile Inc. Sold out 0.00% −0.19
NWL Newell Brands Inc. Sold out 0.00% −0.16
AZ A2Z CUST2MATE Solutions Corp. Sold out 0.00% −0.15
LODE Comstock Inc. Sold out 0.00% −0.13
ETON Eton Pharmaceuticals Inc. Reduce -3.7% 0.95% −0.13
DENN Denny's Corp. Sold out 0.00% −0.11
HBM Hudbay Minerals Inc. Sold out 0.00% −0.11
NTNX Nutanix Inc. Class A Sold out 0.00% −0.10
DLR Digital Realty Trust Inc. Sold out 0.00% −0.10
BILL Bill Holdings Inc. Sold out 0.00% −0.10
EGO Eldorado Gold Corp. Sold out 0.00% −0.10
FSM Fortuna Mining Corp. Sold out 0.00% −0.10
NEU Newmarket Corp. Sold out 0.00% −0.09
ENS Enersys Sold out 0.00% −0.09
LEVI Levi Strauss & Co. Class A Sold out 0.00% −0.09
MLI Mueller Industries Inc. Sold out 0.00% −0.09
FEIM Frequency Electronics Inc. Reduce -71.9% 0.10% −0.09
DBX Dropbox Inc. Class A Sold out 0.00% −0.09
KE Kimball Electronics Inc. Sold out 0.00% −0.09
ATKR Atkore Inc. Sold out 0.00% −0.09
HNI Hni Corp. Sold out 0.00% −0.09
R Ryder System Inc. Sold out 0.00% −0.09
GIL Gildan Activewear Inc. Sold out 0.00% −0.09
IPG Interpublic Group of Cos Inc. Sold out 0.00% −0.08

Portfolio Buys Q3 2025 → Q4 2025
SLV iShares Silver Trust New 1.65% +1.65
ITRN Ituran Location and Control Add +1.1% 4.23% +1.27
ACN Accenture PLC Class A Add +47.7% 2.45% +1.15
DAL Delta Air Lines Inc. Add +4.7% 3.02% +1.01
MPTI M-Tron Industries Inc. Add +672.2% 1.00% +0.88
AKAM Akamai Technologies Inc. Add +91.0% 1.28% +0.79
CRI Carter's Inc. Add +754.9% 0.83% +0.76
QQQ Invesco QQQ Trust Series 1 Add +4.7% 3.49% +0.72
JOUT Johnson Outdoors Inc. Class A Add +24.9% 1.67% +0.59
ICE Intercontinental Exchange Inc. New 0.56% +0.56
IJR iShares Core S&P Small-Cap E Add +4.5% 2.62% +0.51
G Genpact Ltd. Add +31.2% 1.21% +0.51
BKNG Booking Holdings Inc. Add +31.4% 1.20% +0.42
MSFT Microsoft Corp. Add +4.7% 2.98% +0.39
IRMD Iradimed Corp. Add +5.0% 0.94% +0.38
ETHE Grayscale Ethereum Staking E New 0.38% +0.38
CCJ Cameco Corp. Add +42.8% 0.76% +0.35
CELC Celcuity Inc. Add +2.0% 0.53% +0.31
SSD Simpson Manufacturing Co. Inc. Add +227.6% 0.41% +0.30
TTC Toro Co. Add +275.9% 0.36% +0.28
BKUT Bank Utica Add +38.9% 0.66% +0.27
ACIW Aci Worldwide Inc. Add +43.2% 0.75% +0.26
HCKT The Hackett Group Inc. Add +4.2% 1.18% +0.25
ABNB Airbnb Inc. Class A Add +4.8% 0.85% +0.23
V Visa Inc. Class A Add +4.2% 1.00% +0.20
ITIC Investors Title Co. Add +4.8% 1.45% +0.19
BLKB Blackbaud Inc. Add +17.9% 0.65% +0.17
EVTC Evertec Inc. Add +13.2% 1.36% +0.17
ACOG Alpha Cognition Inc. Add +30.2% 0.49% +0.17
AGM.A Federal Agric MTG Corp. Class A Add +1.6% 0.66% +0.15
BNTX Biontech SE-ADR Add +4.7% 0.88% +0.14
NATR Natures Sunshine Prods Inc. Add +11.4% 0.31% +0.14
PCH Potlatchdeltic Corp. Add +41.7% 0.33% +0.13
BWEN Broadwind Inc. New 0.13% +0.13
NVRI Enviri Corp. New 0.12% +0.12
EQT Eqt Corp. Add +4.5% 0.69% +0.12
BKTI BK Technologies Corp. New 0.12% +0.12
SSNC Ss&c Technologies Holdings Add +4.7% 0.66% +0.12
NPK National Presto Inds Inc. New 0.11% +0.11
AB Alliancebernstein Holding LP Add +4.5% 0.57% +0.11
YUM Yum! Brands Inc. Add +4.5% 0.59% +0.11
XLU St Sr Utl SL SE SPDR ETF-Usd Add +4.5% 0.63% +0.11
CWB SS SPDR BB Conv Sec ETF Add +4.8% 0.56% +0.10
FOX Fox Corp. Class B Add +4.5% 0.35% +0.10
AVNW Aviat Networks Inc. Add +4.5% 0.78% +0.10
FSBW FS Bancorp Inc. Add +4.3% 0.47% +0.10
BOND PIMCO Active Bond Exchange-T Add +4.5% 0.48% +0.09
CNTN Canton Strategic Holdings Inc. New 0.09% +0.09
MIDD Middleby Corp. New 0.09% +0.09
PDS Precision Drilling Corp. New 0.08% +0.08

Options Activity Q3 2025 → Q4 2025
ISHARES BITCOIN TRUST ETF call Add +5.0% 848,000 $42.1M
D-WAVE QUANTUM INC put Add +233.3% 1,333,000 $34.9M
ISHARES BITCOIN TRUST ETF put Add +0.9% 605,200 $30.0M
TESLA INC put Reduce -52.0% 60,000 $27.0M
ARK ETF TR call Sold out 250,000 $21.6Mbefore exit
ROBINHOOD MKTS INC put New 120,000 $13.6M
ISHARES SILVER TR put New 185,000 $11.9M
APPLOVIN CORP put Add +98.5% 12,900 $8.7M
ISHARES TR put Sold out 100,000 $8.1Mbefore exit
CALIFORNIA RES CORP call Sold out 137,000 $7.3Mbefore exit
SOLARIS ENERGY INFRAS INC put Add +24.4% 145,400 $6.7M
PURECYCLE TECHNOLOGIES INC put Add +3.5% 690,100 $5.9M
WALMART INC call Sold out 49,800 $5.1Mbefore exit
ACCENTURE PLC IRELAND call New 18,000 $4.8M
TAIWAN SEMICONDUCTOR MANUFAC put New 15,800 $4.8M
QUANTUM COMPUTING INC put Reduce -53.3% 400,000 $4.1M
ISHARES ETHEREUM TR call Sold out 126,000 $4.0Mbefore exit
MAPLEBEAR INC call Sold out 100,000 $3.7Mbefore exit
STRATEGY INC put Reduce -30.0% 21,000 $3.2M
PERPETUA RESOURCES CORP call Sold out 129,800 $2.6Mbefore exit
TRACTOR SUPPLY CO put Reduce -9.8% 25,000 $1.3M
INVESCO EXCH TRADED FD TR II put Sold out 50,000 $1.0Mbefore exit
OKLO INC put Reduce -78.7% 6,400 $459K
SABLE OFFSHORE CORP put Reduce -78.0% 24,200 $218K

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

Notes & Other Activity Q3 2025 → Q4 2025
FLUENCE ENERGY INC (FLNC 2.25 06/15/30) NOTE 2.250% 6/1 · principal New 1,000,000 $1.2M
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 Sold out 259,479 $454Kbefore exit
GROY.WS Gold Royalty Corp. -29 *W EXP 05/31/202 Add +0.5% 113,707 $225K
BEYOND MEAT INC (BYND 0 03/15/27) NOTE 3/1 · principal Sold out 500,000 $140Kbefore exit

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