Bleichroeder LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Bleichroeder LP reported 68 stock positions worth $396.9 million. Its top holding was SPDR Gold Shares (GLD) at 29.0% of the portfolio, followed by Gpgi (GPGI, 14.9%) and Linde (LIN, 8.9%). Compared with Q3 2024, it opened 5 new positions, sold out of 4, added to 7 and reduced 2. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +1057%) and the biggest sale Linde (LIN, shares −8%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001781002
Portfolio Value
$396.9M (Q4 2024)
SEC Filing
0001420506-25-000558 ↗ filed Feb 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $400.5M Q1 2024 Q2 2024: $335.9M Q2 2024 Q3 2024: $370.9M Q3 2024 Q4 2024: $396.9M $396.9M Q4 2024 Q1 2025: $374.3M Q1 2025 Q2 2025: $405.0M Q2 2025 Q3 2025: $510.9M Q3 2025 Q4 2025: $567.6M Q4 2025 Q1 2026: $578.0M Q1 2026 Q2 2026: $556.8M Q2 2026

Holdings 68 stocks · $396.9M
GLD SPDR Gold Shares 28.98% 475,000 $115.0M No change
GPGI Gpgi Inc. filed as COMPOSECURE INC 14.90% 3,856,966 $59.1M Add +1.6%
LIN Linde PLC 8.88% 84,214 $35.3M Reduce -7.5%
SPGI S&P Global Inc. 5.02% 40,000 $19.9M No change
FNA Paragon 28 Inc. 4.59% 1,763,339 $18.2M No change
MDXH Mdxhealth 4.41% 7,378,333 $17.5M Reduce -11.9%
IVAC Intevac Inc. 4.32% 5,039,023 $17.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 4.22% 28,570 $16.7M Add +1056.7%
BX Blackstone Inc. 3.48% 80,000 $13.8M No change
INVE Inve Technologies Inc. filed as IDENTIV INC 2.66% 2,884,495 $10.6M No change
DUOT Duos Technologies Group Inc. 2.45% 1,627,806 $9.7M No change
LIQT Liqtech International Inc. 1.48% 3,182,239 $5.9M Add +451.4%
IDN Intellicheck Inc. 1.46% 2,073,583 $5.8M No change
CUE Cue Biopharma Inc. 1.37% 4,997,240 $5.4M No change
JPM JPMorgan Chase & Co. 0.91% 15,000 $3.6M No change
BRFH Barfresh Food Group Inc. 0.85% 1,153,915 $3.4M No change
PROKIDNEY CORP 0.85% 2,000,000 $3.4M Add +8.4%
MIST Milestone Pharmaceuticals Inc. 0.79% 1,326,085 $3.1M No change
TALK Talkspace Inc. 0.78% 1,000,000 $3.1M No change
DMAC Diamedica Therapeutics Inc. 0.52% 382,317 $2.1M No change
ONDS Ondas Inc. filed as ONDAS HLDGS INC 0.50% 775,000 $2.0M No change
IMMX Immix Biopharma Inc. 0.47% 850,000 $1.9M No change
OPTINOSE INC 0.45% 269,675 $1.8M No change
MODULAR MED INC 0.43% 1,233,333 $1.7M Add +37.0%
TV Grupo Televisa SA-Spon ADR 0.42% 1,000,000 $1.7M No change
CRIS Curis Inc. 0.40% 520,539 $1.6M Add +1982.2%
MULTISENSOR AI HOLDINGS INC 0.39% 850,000 $1.6M No change
SIRI Sirius XM Holdings Inc. 0.38% 66,505 $1.5M No change
PROF Profound Medical Corp. 0.35% 183,333 $1.4M Add +37.5%
OWLT Owlet Inc. 0.30% 270,000 $1.2M No change
ACOG Alpha Cognition Inc. 0.26% 173,900 $1.0M New
MXCT Maxcyte Inc. 0.26% 250,000 $1.0M No change
IPWR Ideal Power Inc. 0.25% 133,000 $1.0M No change
LLYVK Liberty Media Corp.-Liberty-C 0.24% 13,802 $939K No change
RTX RTX Corp. 0.17% 6,000 $694K No change
APTOSE BIOSCIENCES INC 0.14% 2,500,000 $563K New
ICCC Immucell Corp. 0.13% 101,594 $523K No change
SMTK Smartkem Inc. 0.12% 166,666 $483K New
POCI Precision Optics Corp. Inc. 0.12% 95,230 $459K No change
LBTYK Liberty Global Ltd. Class C 0.12% 34,809 $457K No change
PYPL PayPal Holdings Inc. 0.11% 5,300 $452K No change
CARR Carrier Global Corp. 0.10% 6,000 $410K No change
LLYVA Liberty Media Corp.-Liberty-A 0.10% 6,047 $402K No change
SNREY Sunrise Communicat Class A 0.10% 9,260 $399K New
LHX L3HARRIS Technologies Inc. 0.08% 1,600 $336K No change
EVOK Evoke Pharma Inc. 0.08% 68,750 $304K No change
OTIS Otis Worldwide Corp. 0.07% 3,000 $278K No change
GPCR Structure Therapeutics Inc. 0.07% 10,000 $271K No change
XAIR Beyond Air Inc. 0.07% 738,313 $265K No change
PHYS Sprott Physical Gold Trust 0.06% 12,540 $253K No change
VENU Venu Holding Corp. filed as VENU HLDG CORP 0.05% 20,000 $183K New
CDNS Cadence Design SYS Inc. 0.04% 525 $158K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 2,000 $154K No change
LBTYA Liberty Global Ltd. Class A 0.04% 11,495 $147K No change
LGF.B Lions Gate Entertainment-B 0.03% 16,413 $124K No change
XOM Exxon Mobil Corp. 0.03% 1,075 $116K No change
AMD Advanced Micro Devices 0.03% 913 $110K No change
TER Teradyne Inc. 0.02% 600 $76K No change
LITE Lumentum Holdings Inc. 0.01% 660 $55K No change
LILAK Liberty Latin Americ Class C 0.01% 8,261 $52K No change
ARKF ARK Blockchain & Fintech Inn 0.01% 1,200 $44K No change
ARKW ARK Next Generation Technolo 0.01% 300 $32K No change
RVMD Revolution Medicines Inc. 0.01% 556 $24K No change
WGS Genedx Holdings Corp. 0.01% 304 $23K No change
ARKG ARK Genomic Revolution ETF 0.00% 825 $19K No change
XFOR X4 Pharmaceuticals Inc. 0.00% 17,865 $13K No change
LILA Liberty Latin Americ Class A 0.00% 2,009 $13K No change
AVNW Aviat Networks Inc. 0.00% 66 $1K No change
Other holdings (6): bonds, preferreds, convertibles and warrants · $989K (not counted above)
SecurityClassShares / PrincipalValueChange
CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 100,000$465KNo change
OPFI.WS Oppfi Inc. -CW26 *W EXP 07/20/202 250,000$218KNo change
ARKOW Arko Corp. -CW25 *W EXP 12/22/202 333,333$150KNo change
AENTW Adara Acquisition Class A -CW26 *W EXP 02/11/202 200,000$118KNo change
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 200,000$36KNo change
SVREW Saverone 2014 Ltd. -CW27 *W EXP 06/02/202 121,000$2KNo change

Total filed on the 13F, all lines: $397.9M.

Portfolio Sells Q3 2024 → Q4 2024
LIN Linde PLC Reduce -7.5% 8.88% −2.82
AXP American Express Co. Sold out 0.00% −1.83
MRNS Marinus Pharmaceuticals Inc. Sold out 0.00% −0.89
RCAT Red Cat Holdings Inc. Sold out 0.00% −0.68
MDXH Mdxhealth Reduce -11.9% 4.41% −0.29
PETXQ Wag! Group Co. Sold out 0.00% −0.09

Portfolio Buys Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +1056.7% 4.22% +3.84
LIQT Liqtech International Inc. Add +451.4% 1.48% +1.08
GPGI Gpgi Inc. Add +1.6% 14.90% +0.54
CRIS Curis Inc. Add +1982.2% 0.40% +0.36
ACOG Alpha Cognition Inc. New 0.26% +0.26
APTOSE BIOSCIENCES INC New 0.14% +0.14
SMTK Smartkem Inc. New 0.12% +0.12
SNREY Sunrise Communicat Class A New 0.10% +0.10
PROF Profound Medical Corp. Add +37.5% 0.35% +0.06
VENU Venu Holding Corp. New 0.05% +0.05
PROKIDNEY CORP Add +8.4% 0.85% −0.10
MODULAR MED INC Add +37.0% 0.43% −0.12

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 73$556.8MGLD, GPGI, SPY, RHLD, LIN
Q1 2026 76$578.0MGLD, GPGI, RHLD, SPY, LIN
Q4 2025 69$567.6MGLD, GPGI, RHLD, LIN, MDXH
Q3 2025 66$510.9MGLD, GPGI, LIN, MDXH, RHLD
Q2 2025 70$405.0MGLD, GPGI, LIN, SPY, MDXH
Q1 2025 72$374.3MGLD, GPGI, LIN, IVAC, SPY
Q4 2024 68$396.9MGLD, GPGI, LIN, SPGI, FNA
Q3 2024 67$370.9MGLD, GPGI, LIN, SPGI, MDXH
Q2 2024 69$335.9MGLD, LIN, GPGI, IVAC, BC
Q1 2024 74$400.5MGLD, LIN, BC, INVE, FNA