Blue Door Asset Management, LLC In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Blue Door Asset Management, LLC reported 18 stock positions worth $159.6 million . Its top holding was Flex (FLEX) at 14.7% of the portfolio, followed by Epam Systems (EPAM, 11.5% ) and Nice Ltd. - Spon ADR (NICE, 10.1% ). Compared with Q3 2025, it opened 5 new positions, sold out of 10, added to 6 and reduced 6. The biggest buy was Waystar (WAY, shares +405% ) and the biggest sale PayPal (PYPL, shares −60% ).
Location STAMFORD, CT
CIK 0001909147
Portfolio Value $159.6M (Q4 2025) Holdings 18 stocks · $159.6M 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 Q3 2025 FLEX Flex Ltd. 388,850 $23.5M Reduce -3.7% EPAM Epam Systems Inc. 89,700 $18.4M Reduce -3.9% NICE Nice Ltd. - Spon ADR 142,900 $16.2M Add +160.8% WAY Waystar Holding Corp. 402,300 $13.2M Add +404.8% NXT Nextpower Inc. 151,000 $13.2M Reduce -45.5% SMRT Smartrent Inc. 5,635,657 $11.4M Add +5.6% SKY Champion Homes Inc. 130,774 $11.1M Add +64.5% AGCO Agco Corp. 93,100 $9.7M Add +24.0% JBL Jabil Inc. 42,100 $9.6M Reduce -21.6% PYPL PayPal Holdings Inc. 133,319 $7.8M Reduce -59.7% VRT Vertiv Holdings Co. Class A 41,591 $6.7M Reduce -55.4% XLU St Sr Utl SL SE SPDR ETF-Usd 100,000 $4.3M New ON On Semiconductor 58,000 $3.1M New WSC Willscot Holdings Corp. 165,000 $3.1M New TPC Tutor Perini Corp. 34,000 $2.3M New INSG Inseego Corp. 215,160 $2.2M New CNH CNH Industrial NV 231,900 $2.1M Add +19.5% XLE SS Energy Select Sector 40,000 $1.8M No change
Options reported separately and not counted above: HYG puts ($40.3M), HYG calls ($40.3M), ARCB calls ($3.0M), KNX calls ($2.6M), RXO calls ($1.3M).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ PYPL PayPal Holdings Inc. Reduce -59.7% 4.88% −7.68 PRGO Perrigo Co. PLC Sold out 0.00% −7.27 HOLX Hologic Inc. Sold out 0.00% −6.39 AMT American Tower Corp. Sold out 0.00% −4.06 VRT Vertiv Holdings Co. Class A Reduce -55.4% 4.22% −3.73 NXT Nextpower Inc. Reduce -45.5% 8.24% −3.35 JBL Jabil Inc. Reduce -21.6% 6.02% −0.58 AVTR Avantor Inc. Sold out 0.00% −0.54 XLF SS Financial Select Sector Sold out 0.00% −0.34 AMZN Amazon.com Inc. Sold out 0.00% −0.17 MLM Martin Marietta Materials Sold out 0.00% −0.17 FDX FedEx Corp. Sold out 0.00% −0.17 LOW Lowe's Cos Inc. Sold out 0.00% −0.17 ADSK Autodesk Inc. Sold out 0.00% −0.17 FLEX Flex Ltd. Reduce -3.7% 14.72% +1.48 EPAM Epam Systems Inc. Reduce -3.9% 11.52% +3.56
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ WAY Waystar Holding Corp. Add +404.8% 8.26% +6.55 NICE Nice Ltd. - Spon ADR Add +160.8% 10.12% +5.63 SKY Champion Homes Inc. Add +64.5% 6.93% +3.49 SMRT Smartrent Inc. Add +5.6% 7.13% +2.88 XLU St Sr Utl SL SE SPDR ETF-Usd New 2.68% +2.68 ON On Semiconductor New 1.97% +1.97 WSC Willscot Holdings Corp. New 1.95% +1.95 AGCO Agco Corp. Add +24.0% 6.09% +1.54 TPC Tutor Perini Corp. New 1.43% +1.43 INSG Inseego Corp. New 1.38% +1.38 CNH CNH Industrial NV Add +19.5% 1.34% +0.15
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 500,000 $40.3M HYG Ishr Ibx Usd Hiyld CB ETF-Ui call New 500,000 $40.3M PYPL PayPal Holdings Inc. call Sold out 100,000 $6.7Mbefore exit PRGO Perrigo Co. PLC call Sold out 300,000 $6.7Mbefore exit ARCB Arcbest Corp. call New 40,000 $3.0M KNX Knight-Swift Transportation call New 50,000 $2.6M RXO Rxo Inc. call New 102,500 $1.3M
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