Blue Door Asset Management, LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Blue Door Asset Management, LLC reported 13 stock positions worth $131.8 million . Its top holding was Perrigo (PRGO) at 16.7% of the portfolio, followed by PayPal (PYPL, 15.7% ) and Nextpower (NXT, 13.3% ). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 4 and reduced 5. The biggest buy was Avantor (AVTR, shares +69% ) and the biggest sale Flex (FLEX, shares −27% ).
Location STAMFORD, CT
CIK 0001909147
Portfolio Value $131.8M (Q1 2025) Holdings 13 stocks · $131.8M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 PRGO Perrigo Co. PLC 786,380 $22.1M Reduce -9.7% PYPL PayPal Holdings Inc. 317,035 $20.7M Add +11.6% NXT Nextpower Inc. filed as NEXTRACKER INC 416,466 $17.5M Reduce -10.7% AVTR Avantor Inc. 847,235 $13.7M Add +69.4% VRT Vertiv Holdings Co. Class A 186,191 $13.4M Add +8.3% FLEX Flex Ltd. 400,850 $13.3M Reduce -26.6% SMRT Smartrent Inc. 5,763,296 $7.0M Reduce -2.9% AGCO Agco Corp. 71,800 $6.6M Reduce -34.5% JBL Jabil Inc. 44,100 $6.0M No change PINS Pinterest Inc. Class A 174,200 $5.4M Add +24.9% TLT iShares 20+ Year Treasury BD 27,500 $2.5M New CNH CNH Industrial NV 194,000 $2.4M No change GDX Vaneck Gold Miners ETF 25,000 $1.1M New
Options reported separately and not counted above: HYG puts ($19.7M), TLT calls ($18.2M), HYG calls ($7.9M), PYPL calls ($6.5M), PRGO calls ($2.8M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ FLEX Flex Ltd. Reduce -26.6% 10.06% −3.87 AGCO Agco Corp. Reduce -34.5% 5.04% −1.77 SMRT Smartrent Inc. Reduce -2.9% 5.29% −1.61 HOLX Hologic Inc. Sold out 0.00% −1.39 XLE SS Energy Select Sector Sold out 0.00% −0.31 PRGO Perrigo Co. PLC Reduce -9.7% 16.73% +1.86 NXT Nextpower Inc. Reduce -10.7% 13.32% +1.99
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ AVTR Avantor Inc. Add +69.4% 10.42% +3.42 TLT iShares 20+ Year Treasury BD New 1.90% +1.90 PINS Pinterest Inc. Class A Add +24.9% 4.10% +1.41 GDX Vaneck Gold Miners ETF New 0.87% +0.87 PYPL PayPal Holdings Inc. Add +11.6% 15.70% −0.41 VRT Vertiv Holdings Co. Class A Add +8.3% 10.20% −2.79
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 150,000 $87.9Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 250,000 $19.7M TLT iShares 20+ Year Treasury BD call New 200,000 $18.2M NXT Nextpower Inc. call Sold out 300,000 $11.0Mbefore exit HOLX Hologic Inc. call Sold out 150,000 $10.8Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui call New 100,000 $7.9M PYPL PayPal Holdings Inc. call New 100,000 $6.5M KWEB Kranesh Csi China Internet call Sold out 120,000 $3.5Mbefore exit PRGO Perrigo Co. PLC call Reduce -60.0% 100,000 $2.8M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 18 $194.3M FLEX, WAY, GXO, A, NICE Q1 2026 16 $153.0M FLEX, NXT, WAY, SKY, A Q4 2025 18 $159.6M FLEX, EPAM, NICE, WAY, NXT Q3 2025 23 $176.7M FLEX, PYPL, NXT, EPAM, VRT Q2 2025 18 $174.7M PYPL, PRGO, FLEX, VRT, NXT Q1 2025 13 $131.8M PRGO, PYPL, NXT, AVTR, VRT Q4 2024 13 $150.5M PYPL, PRGO, FLEX, VRT, NXT Q3 2024 14 $144.8M FLEX, PRGO, PYPL, VRT, NXT Q2 2024 16 $147.3M PRGO, PYPL, FLEX, HOLX, SMRT Q1 2024 14 $147.8M FLEX, HOLX, NXT, PYPL, PRGO