Atlas Merchant Capital LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Atlas Merchant Capital LLC reported 11 stock positions worth $332.5 million. Its top holding was Circle Internet (CRCL) at 97.4% of the portfolio, followed by Namib Minerals (NAMM, 1.4%) and Webull (BULL, 0.3%). Compared with Q1 2025, it opened 4 new positions, sold out of 8 and reduced 2. The biggest buy was a new position in Circle Internet (CRCL) and the biggest sale an exit from iShares 3-7 Year Treasury Bo (IEI).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001945789
Portfolio Value
$332.5M (Q2 2025)
SEC Filing
0000950142-25-002167 ↗ filed Aug 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $238.6M Q1 2024 Q2 2024: $195.2M Q2 2024 Q3 2024: $64.4M Q3 2024 Q4 2024: $42.1M Q4 2024 Q1 2025: $38.6M Q1 2025 Q2 2025: $332.5M $332.5M Q2 2025 Q3 2025: $226.1M Q3 2025 Q4 2025: $55K Q4 2025 Q1 2026: $789K Q1 2026 Q2 2026: $585K Q2 2026

Holdings 11 stocks · $332.5M
CRCL Circle Internet Group Inc. 97.43% 1,786,814 $323.9M New
NAMM Namib Minerals 1.36% 600,000 $4.5M New
BULL Webull Corp. 0.31% 87,000 $1.0M New
COCH Envoy Medical Inc. 0.24% 555,527 $789K No change
CID HOLDCO INC 0.22% 140,000 $718K New
LPA Logistic Properties of the A 0.19% 93,229 $637K Reduce -17.1%
FLD Fold Holdings Inc. filed as FOLD HLDGS INC 0.14% 113,399 $480K Reduce -65.1%
UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP 0.08% 25,000 $254K No change
BRAND ENGAGEMENT NETWORK INC 0.02% 175,000 $77K No change
ABPRO HLDGS INC 0.01% 87,500 $19K No change
STARDUST PWR INC 0.00% 17,000 $3K No change

Portfolio Sells Q1 2025 → Q2 2025
IEI iShares 3-7 Year Treasury Bo Sold out 0.00% −68.04
HCVI Hennessy Capital Invest Class A Sold out 0.00% −14.63
FLD Fold Holdings Inc. Reduce -65.1% 0.14% −5.08
MGNI Magnite Inc. Sold out 0.00% −2.44
LPA Logistic Properties of the A Reduce -17.1% 0.19% −2.41
CZR Caesars Entertainment Inc. Sold out 0.00% −2.27
CHGG Chegg Inc. Sold out 0.00% −0.83
JVSA Jvspac Acquisition Corp. Class A Sold out 0.00% −0.69
URBAN ONE INC Sold out 0.00% −0.37
PITEF Heramba Electric PLC Sold out 0.00% −0.09

Portfolio Buys Q1 2025 → Q2 2025
CRCL Circle Internet Group Inc. New 97.43% +97.43
NAMM Namib Minerals New 1.36% +1.36
BULL Webull Corp. New 0.31% +0.31
CID HOLDCO INC New 0.22% +0.22

Notes & Other Activity Q1 2025 → Q2 2025
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) NOTE 0.250% 2/1 · principal Sold out 5,000,000 $1.2Mbefore exit
ECD AUTOMOTIVE DESIGN INC *W EXP 12/12/202 Sold out 450,000 $9Kbefore exit
IROHR Iron Horse Acquisitions Righ RIGHT 99/99/9999 Sold out 25,000 $8Kbefore exit
ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 Sold out 125,000 $6Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1$585KEMAT
Q1 2026 1$789KEMAT
Q4 2025 2$55KBNAI, CID HOLDCO INC
Q3 2025 7$226.1MCRCL, BULL, COCH, CID HOLDCO INC, LPA
Q2 2025Amended 11$332.5MCRCL, NAMM, BULL, COCH, CID HOLDCO INC
Q1 2025 15$38.6MIEI, HCVI, FLD, LPA, MGNI
Q4 2024 18$42.1MIEI, HCVI, WELSBACH TECH METALS ACQU CO, ISRLF, MGNI
Q3 2024 33$64.4MIEI, HCVI, FOCUS IMPACT ACQUISITION COR, CDAQF, FLD
Q2 2024 47$195.2MCVII, SLAMF, TRTLF, PEGR, BITE
Q1 2024 60$238.6MCVII, SLAMF, TRTLF, SCRM, PEGR