Basso Capital Management, L.P.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Basso Capital Management, L.P. reported 75 stock positions worth $115.6 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 23.4% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 13.8%) and Invesco S&P 500 Equal Weight (RSP, 10.1%). Compared with Q3 2024, it opened 6 new positions, sold out of 5, added to 13 and reduced 7. The biggest buy was Invesco Nasdaq 100 ETF (QQQM, shares +99%) and the biggest sale an exit from iShares MSCI India Small-Cap (SMIN).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001287978
Portfolio Value
$115.6M (Q4 2024)
SEC Filing
0001013594-25-000195 ↗ filed Feb 10, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $106.0M Q1 2024 Q2 2024: $110.9M Q2 2024 Q3 2024: $108.7M Q3 2024 Q4 2024: $115.6M $115.6M Q4 2024 Q1 2025: $117.5M Q1 2025 Q2 2025: $134.9M Q2 2025 Q3 2025: $149.4M Q3 2025 Q4 2025: $167.9M Q4 2025 Q1 2026: $163.4M Q1 2026 Q2 2026: $405.9M Q2 2026

Holdings 75 stocks · $115.6M
VOO Vanguard S&P 500 ETF 23.43% 50,267 $27.1M Add +6.4%
SPY SS SPDR S&P 500 ETF Trust-US 13.75% 27,126 $15.9M No change
RSP Invesco S&P 500 Equal Weight 10.11% 66,689 $11.7M Add +32.0%
VTI VG Morningstar TS MKT ETF-US 9.52% 37,983 $11.0M Add +0.2%
GLD SPDR Gold Shares 4.23% 20,195 $4.9M Add +4.2%
QQQM Invesco Nasdaq 100 ETF 3.76% 20,650 $4.3M Add +98.8%
ET Energy Transfer LP 3.19% 188,500 $3.7M No change
MPLX MPLX LP 2.95% 71,200 $3.4M No change
OKE Oneok Inc. 2.39% 27,525 $2.8M No change
EPD Enterprise Products Partners 1.74% 64,100 $2.0M No change
WMB Williams Cos Inc. 1.66% 35,500 $1.9M No change
IBIT iShares Bitcoin Trust ETF 1.44% 31,400 $1.7M Add +124.3%
WES Western Midstream Partners L 1.37% 41,150 $1.6M No change
DFUV Dimensional US Marketwide Va 1.37% 38,600 $1.6M Reduce -20.6%
FLIN Franklin Ftse India ETF 1.27% 38,750 $1.5M No change
FSK FS KKR Capital Corp. 1.26% 67,000 $1.5M No change
FBTC Fidelity Wise Origin Bitcoin 1.20% 17,000 $1.4M Add +209.1%
WHF Whitehorse Finance Inc. 1.01% 120,138 $1.2M Reduce -1.6%
GOOGL Alphabet Inc. Class A 0.84% 5,152 $975K No change
TRGP Targa Resources Corp. 0.77% 5,000 $893K Add +2.0%
QQQ Invesco QQQ Trust Series 1 0.76% 1,707 $873K No change
MSFT Microsoft Corp. 0.75% 2,053 $865K No change
PAA Plains All Amer Pipeline LP 0.75% 50,500 $863K No change
HESM Hess Midstream LP Class A 0.74% 23,000 $852K Add +53.3%
BXSL Blackstone Secured Lending F 0.73% 26,250 $848K No change
EPI Wisdomtree India Earnings 0.69% 17,500 $792K Reduce -49.3%
EMXC iShares MSCI Emr MRK Ex Chna 0.67% 13,900 $771K Add +169.9%
LNG Cheniere Energy Inc. 0.64% 3,450 $741K Add +3.0%
URA Global X Uranium ETF 0.62% 26,700 $715K No change
COPX Global X Copper Miners ETF 0.58% 17,650 $674K Add +6.3%
BLOCK INC (XYZ 0.25 11/01/27) 0.56% 750,000 $650K No change
TRP TC Energy Corp. 0.54% 13,370 $622K No change
DFAT Dimensional US Target Value 0.51% 10,500 $584K Reduce -48.3%
SLV iShares Silver Trust 0.34% 15,000 $395K Add +102.7%
FEZ State Street SPDR Euro Stoxx 0.29% 7,000 $337K Reduce -26.3%
AMZN Amazon.com Inc. 0.25% 1,335 $293K No change
SUN Sunoco LP 0.25% 5,680 $292K No change
IJH iShares Core S&P Midcap ETF 0.22% 4,150 $259K New
ETSY INC (ETSY 0.25 06/15/28) 0.21% 300,000 $245K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.20% 867 $229K No change
VXF Vanguard Extended Market ETF 0.20% 1,198 $228K No change
XLE SS Energy Select Sector 0.19% 2,505 $215K No change
KBA Kraneshares Bosera MSCI Chin 0.16% 8,000 $188K New
PBA Pembina Pipeline Corp. 0.16% 5,001 $185K No change
VPU Vanguard Utilities ETF 0.13% 902 $147K No change
JPM JPMorgan Chase & Co. 0.13% 604 $145K No change
ENLC Enlink Midstream LLC 0.12% 10,000 $142K No change
ITB iShares U.S. Home Constructi 0.12% 1,309 $135K No change
SOXX iShares Semiconductor ETF 0.10% 553 $119K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 969 $108K No change
VHT Vanguard Health Care ETF 0.09% 398 $101K No change
SU Suncor Energy Inc. 0.08% 2,700 $96K No change
CNQ Canadian Natural Resources 0.06% 2,400 $74K No change
AEE Ameren Corporation 0.06% 796 $71K No change
PSX Phillips 66 0.06% 612 $70K No change
SOBO South Bow Corp. 0.05% 2,674 $63K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.05% 800 $61K Reduce -88.7%
GIS General Mills Inc. 0.05% 904 $58K No change
ED Consolidated Edison Inc. 0.05% 642 $57K No change
PEP Pepsico Inc. 0.05% 352 $54K No change
CPER United States Copper Index 0.04% 2,000 $50K New
GBDC Golub Capital BDC Inc. 0.04% 3,300 $50K No change
IWM iShares Russell 2000 ETF 0.04% 225 $50K Reduce -87.7%
PGX Invesco Preferred ETF 0.04% 4,258 $49K No change
PM Philip Morris International 0.04% 389 $47K No change
BP BP PLC-Spons ADR 0.04% 1,500 $44K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.03% 582 $40K New
XLP SS Consumer Staples Sel Sect 0.03% 500 $39K No change
MO Altria Group Inc. 0.03% 635 $33K No change
MOAT Vaneck Morningstar Wide Moat 0.02% 270 $25K No change
IVW iShares S&P 500 Growth ETF 0.02% 201 $20K No change
SCHG Schwab US Large-Cap Growth 0.02% 692 $19K New
VGSH Vanguard Short-Term Treasury 0.01% 284 $17K No change
DYNF Ishrs US E F R A ETF-Usd Inc. 0.01% 292 $15K New
EEMS iShares MSCI Emerging MKT SM 0.00% 76 $4K No change

Portfolio Sells Q3 2024 → Q4 2024
SMIN iShares MSCI India Small-Cap Sold out 0.00% −1.90
EPI Wisdomtree India Earnings Reduce -49.3% 0.69% −0.92
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) Sold out 0.00% −0.64
DFAT Dimensional US Target Value Reduce -48.3% 0.51% −0.53
DFUV Dimensional US Marketwide Va Reduce -20.6% 1.37% −0.50
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -88.7% 0.05% −0.47
DFAS Dimensional US Small Cap ETF Sold out 0.00% −0.45
IWM iShares Russell 2000 ETF Reduce -87.7% 0.04% −0.33
WHF Whitehorse Finance Inc. Reduce -1.6% 1.01% −0.29
FEZ State Street SPDR Euro Stoxx Reduce -26.3% 0.29% −0.17
DINO HF Sinclair Corp. Sold out 0.00% −0.11
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.02

Portfolio Buys Q3 2024 → Q4 2024
QQQM Invesco Nasdaq 100 ETF Add +98.8% 3.76% +1.84
RSP Invesco S&P 500 Equal Weight Add +32.0% 10.11% +1.78
IBIT iShares Bitcoin Trust ETF Add +124.3% 1.44% +0.98
FBTC Fidelity Wise Origin Bitcoin Add +209.1% 1.20% +0.92
VOO Vanguard S&P 500 ETF Add +6.4% 23.43% +0.48
EMXC iShares MSCI Emr MRK Ex Chna Add +169.9% 0.67% +0.38
HESM Hess Midstream LP Class A Add +53.3% 0.74% +0.25
IJH iShares Core S&P Midcap ETF New 0.22% +0.22
KBA Kraneshares Bosera MSCI Chin New 0.16% +0.16
SLV iShares Silver Trust Add +102.7% 0.34% +0.15
TRGP Targa Resources Corp. Add +2.0% 0.77% +0.10
LNG Cheniere Energy Inc. Add +3.0% 0.64% +0.09
CPER United States Copper Index New 0.04% +0.04
SPYM Ste STR SPDR PT S&P 500 ETF New 0.03% +0.03
SCHG Schwab US Large-Cap Growth New 0.02% +0.02
DYNF Ishrs US E F R A ETF-Usd Inc. New 0.01% +0.01
GLD SPDR Gold Shares Add +4.2% 4.23% −0.11
COPX Global X Copper Miners ETF Add +6.3% 0.58% −0.14
VTI VG Morningstar TS MKT ETF-US Add +0.2% 9.52% −0.35

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 135$405.9MVOO, VTI, PAAA, SPY, IWM
Q1 2026 137$163.4MVOO, SPY, VTI, GLD, IWM
Q4 2025 115$167.9MVOO, SPY, VTI, GLD, IWM
Q3 2025 78$149.4MVOO, SPY, VTI, RSP, GLD
Q2 2025 77$134.9MVOO, SPY, VTI, RSP, GLD
Q1 2025 72$117.5MVOO, SPY, VTI, RSP, GLD
Q4 2024 75$115.6MVOO, SPY, RSP, VTI, GLD
Q3 2024 73$108.7MVOO, SPY, VTI, RSP, GLD
Q2 2024 75$110.9MVOO, SPY, VTI, RSP, GLD
Q1 2024 70$106.0MVOO, SPY, VTI, RSP, GLD