Bleichroeder LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Bleichroeder LP reported 70 stock positions worth $405.0 million. Its top holding was SPDR Gold Shares (GLD) at 35.8% of the portfolio, followed by Gpgi (GPGI, 13.6%) and Linde (LIN, 9.8%). Compared with Q1 2025, it opened 5 new positions, sold out of 7, added to 4 and reduced 4. The biggest buy was Gpgi (GPGI, shares +0%) and the biggest sale an exit from Intevac (IVAC).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001781002
Portfolio Value
$405.0M (Q2 2025)
SEC Filing
0001420506-25-002066 ↗ filed Aug 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 Q4 2024 Q1 2025: $374.3M Q1 2025 Q2 2025: $405.0M $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 70 stocks · $405.0M
GLD SPDR Gold Shares 35.75% 475,000 $144.8M No change
GPGI Gpgi Inc. filed as COMPOSECURE INC 13.64% 3,919,466 $55.2M Add +0.3%
LIN Linde PLC 9.76% 84,214 $39.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 4.68% 30,670 $18.9M Add +7.3%
MDXH Mdxhealth 4.03% 7,378,333 $16.3M No change
BX Blackstone Inc. 3.35% 90,750 $13.6M No change
DUOT Duos Technologies Group Inc. 2.87% 1,627,806 $11.6M No change
IDN Intellicheck Inc. 2.76% 2,073,583 $11.2M No change
SPGI S&P Global Inc. 2.60% 20,000 $10.5M No change
RHLD Resolute Holdings Manag 2.53% 321,413 $10.2M No change
INVE Inve Technologies Inc. filed as IDENTIV INC 2.32% 2,884,495 $9.4M No change
LIQT Liqtech International Inc. 1.26% 3,182,239 $5.1M No change
BRFH Barfresh Food Group Inc. 1.17% 1,390,758 $4.8M No change
CUE Cue Biopharma Inc. 1.15% 6,819,164 $4.7M Add +36.5%
DTIL Precision Biosciences Inc. 1.11% 1,075,000 $4.5M Add +8801.2%
JPM JPMorgan Chase & Co. 1.07% 15,000 $4.3M No change
WELL Welltower Inc. 0.76% 20,000 $3.1M New
NEUROONE MED TECHNOLOGIES CO 0.67% 4,000,000 $2.7M New
EYPT Eyepoint Inc. 0.60% 256,515 $2.4M New
CRIS Curis Inc. 0.59% 1,035,662 $2.4M No change
OWLT Owlet Inc. 0.56% 270,000 $2.3M No change
TV Grupo Televisa SA-Spon ADR 0.56% 1,030,000 $2.3M No change
GNLX Genelux Corp. 0.51% 714,000 $2.0M No change
IMMX Immix Biopharma Inc. 0.43% 850,000 $1.8M No change
DMAC Diamedica Therapeutics Inc. 0.37% 382,317 $1.5M No change
QQQ Invesco QQQ Trust Series 1 0.33% 2,400 $1.3M New
MODULAR MED INC 0.32% 1,754,165 $1.3M No change
ACOG Alpha Cognition Inc. 0.32% 138,919 $1.3M Reduce -20.1%
PROKIDNEY CORP 0.29% 2,000,000 $1.2M No change
LLYVK Liberty Media Corp.-Liberty-C 0.28% 13,802 $1.1M No change
PROF Profound Medical Corp. 0.27% 183,333 $1.1M No change
POCI Precision Optics Corp. Inc. 0.27% 220,230 $1.1M No change
MIST Milestone Pharmaceuticals Inc. 0.24% 500,000 $970K No change
RTX RTX Corp. 0.22% 6,000 $876K No change
ICCC Immucell Corp. 0.17% 101,594 $707K No change
IRD Opus Genetics Inc. 0.17% 736,842 $694K No change
ONDS Ondas Inc. filed as ONDAS HLDGS INC 0.17% 352,440 $677K Reduce -54.5%
RNXT Renovorx Inc. 0.16% 500,000 $658K No change
IPWR Ideal Power Inc. 0.15% 133,000 $602K No change
SNREY Sunrise Communicat Class A 0.13% 9,260 $524K No change
MXCT Maxcyte Inc. 0.13% 250,000 $522K No change
LLYVA Liberty Media Corp.-Liberty-A 0.12% 6,047 $481K No change
CARR Carrier Global Corp. 0.11% 6,000 $439K No change
MULTISENSOR AI HOLDINGS INC 0.10% 700,000 $419K No change
LHX L3HARRIS Technologies Inc. 0.10% 1,600 $401K No change
PXLW Pixelworks Inc. 0.10% 56,613 $395K No change
PYPL PayPal Holdings Inc. 0.10% 5,300 $394K No change
LBTYK Liberty Global Ltd. Class C 0.09% 34,809 $359K No change
PHYS Sprott Physical Gold Trust 0.08% 12,540 $318K No change
OTIS Otis Worldwide Corp. 0.07% 3,000 $297K No change
GPCR Structure Therapeutics Inc. 0.05% 10,000 $207K No change
TLPH Talphera Inc. 0.05% 426,621 $196K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 2,000 $182K No change
EVOK Evoke Pharma Inc. 0.04% 68,750 $179K No change
CDNS Cadence Design SYS Inc. 0.04% 525 $162K No change
XAIR Beyond Air Inc. 0.03% 738,313 $127K No change
SIRI Sirius XM Holdings Inc. 0.03% 5,061 $116K Reduce -92.4%
XOM Exxon Mobil Corp. 0.03% 1,075 $116K No change
LBTYA Liberty Global Ltd. Class A 0.03% 11,495 $115K No change
SMTK Smartkem Inc. 0.02% 65,000 $66K Reduce -61.0%
ARKF ARK Blockchain & Fintech Inn 0.01% 1,200 $60K No change
LILAK Liberty Latin Americ Class C 0.01% 8,261 $51K No change
ARKW ARK Next Generation Technolo 0.01% 300 $44K No change
WGS Genedx Holdings Corp. 0.01% 304 $28K No change
RVMD Revolution Medicines Inc. 0.01% 556 $20K No change
ARKG ARK Genomic Revolution ETF 0.01% 825 $20K No change
STRZ Starz Entertainment Corp. 0.00% 1,092 $18K New
LILA Liberty Latin Americ Class A 0.00% 2,009 $12K No change
AVNW Aviat Networks Inc. 0.00% 66 $2K No change
XFOR X4 Pharmaceuticals Inc. 0.00% 595 $1K No change
Other holdings (6): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
SecurityClassShares / PrincipalValueChange
OPFI.WS Oppfi Inc. -CW26 *W EXP 07/20/202 250,000$1.1MNo change
CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 100,000$625KNo change
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 200,000$53KNo change
AENTW Adara Acquisition Class A -CW26 *W EXP 02/11/202 200,000$36KNo change
ARKOW Arko Corp. -CW25 *W EXP 12/22/202 333,333$4KNo change
SVREW Saverone 2014 Ltd. -CW27 *W EXP 06/02/202 121,000$4KNo change

Total filed on the 13F, all lines: $406.8M.

Portfolio Sells Q1 2025 → Q2 2025
IVAC Intevac Inc. Sold out 0.00% −5.38
OPTINOSE INC Sold out 0.00% −0.66
SIRI Sirius XM Holdings Inc. Reduce -92.4% 0.03% −0.37
AZ A2Z CUST2MATE Solutions Corp. Sold out 0.00% −0.19
SPIR Spire Global Inc. Sold out 0.00% −0.16
SMTK Smartkem Inc. Reduce -61.0% 0.02% −0.12
APTOF Aptose Biosciences Inc. Sold out 0.00% −0.10
ONDS Ondas Inc. Reduce -54.5% 0.17% −0.05
LGF.B Lions Gate Entertainment-B Sold out 0.00% −0.03
AMD Advanced Micro Devices Sold out 0.00% −0.03
ACOG Alpha Cognition Inc. Reduce -20.1% 0.32% +0.08

Portfolio Buys Q1 2025 → Q2 2025
GPGI Gpgi Inc. Add +0.3% 13.64% +2.29
DTIL Precision Biosciences Inc. Add +8801.2% 1.11% +1.10
WELL Welltower Inc. New 0.76% +0.76
NEUROONE MED TECHNOLOGIES CO New 0.67% +0.67
EYPT Eyepoint Inc. New 0.60% +0.60
SPY SS SPDR S&P 500 ETF Trust-US Add +7.3% 4.68% +0.41
QQQ Invesco QQQ Trust Series 1 New 0.33% +0.33
STRZ Starz Entertainment Corp. New 0.00% +0.00
CUE Cue Biopharma Inc. Add +36.5% 1.15% −0.07

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