Bluefin Capital Management, LLC In its 13F for Q3 2025 (holdings as of September 30, 2025, filed April 29, 2026), Bluefin Capital Management, LLC reported 32 stock positions worth $186.2 million . Its top holding was Coreweave Class A (CRWV) at 55.8% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 11.0% ) and SS SPDR S&P 500 ETF Trust-US (SPY, 10.0% ). Compared with Q2 2025, it opened 22 new positions, sold out of 80, added to 2 and reduced 7. The biggest buy was Coreweave Class A (CRWV, shares +1620% ) and the biggest sale Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares −76% ).
Location NEW YORK, NY
CIK 0001144208
Portfolio Value $186.2M (Q3 2025) Holdings 32 stocks · $186.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 CRWV Coreweave Inc. Class A 759,360 $103.9M Add +1620.0% QQQ Invesco QQQ Trust Series 1 34,088 $20.5M New SPY SS SPDR S&P 500 ETF Trust-US 27,900 $18.6M New CORZ Core Scientific Inc. 608,458 $10.9M Add +512.4% PSKY Paramount Skydance Class B 380,255 $7.2M New SOC Sable Offshore Corp. 357,731 $6.2M New HYG Ishr Ibx Usd Hiyld CB ETF-Ui 65,313 $5.3M Reduce -75.7% LQDA Liquidia Corp. 120,944 $2.8M New EWT iShares MSCI Taiwan ETF 37,104 $2.4M Reduce -50.6% MYE Myers Industries Inc. 76,176 $1.3M Reduce -30.7% GDXJ Vaneck Junior Gold Miners 11,000 $1.1M New STHO Star Holdings filed as STAR HLDGS 129,147 $1.1M Reduce -50.0% ORCL Oracle Corp. 3,000 $844K New MBI Mbia Inc. 68,009 $507K Reduce -40.1% ENOV Enovis Corp. 15,000 $455K New PGX Invesco Preferred ETF 38,928 $452K Reduce -90.3% MAGN Magnera Corp. 34,037 $399K Reduce -45.0% COMP Compass Inc. Class A 49,535 $398K New CIFR Cipher Digital Inc. 29,172 $367K New OXY Occidental Petroleum Corp. 5,607 $265K New EBC Eastern Bankshares Inc. 14,193 $258K No change RAL Ralliant Corp. 5,000 $219K New APH Amphenol Corp. Class A 1,617 $200K New KZR Kezar Life Sciences Inc. 33,610 $131K New CLYM Climb Bio Inc. 59,985 $121K New STIM Neuronetics Inc. 42,705 $117K New ACRV Acrivon Therapeutics Inc. 42,039 $76K New AVIR Atea Pharmaceuticals Inc. 24,216 $70K New ACET Adicet Bio Inc. 66,854 $54K New ZNTL Zentalis Pharmaceuticals Inc. 31,266 $47K New STRO Sutro Biopharma Inc. Com SHS 34,934 $30K New IPSC Century Therapeutics Inc. 24,018 $12K New
Options reported separately and not counted above: CRWV calls ($47.7M), CRWV calls ($21.8M), CORZ calls ($3.1M), SOC puts ($1.9M), QQQ puts ($785K), CRWV puts ($730K), CORZ calls ($639K), LQDA puts ($638K), GLD calls ($477K), QQQ calls ($378K), SOC calls ($375K), CORZ puts ($263K), and 23 more.
Other holdings (24): bonds, preferreds, convertibles and warrants · $45.5M (not counted above) Security Class Shares / Principal Value Change CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B 315,000 $22.4M New ET Energy Transfer LP COM UT LTD PTN · principal 318,900 $5.5M New CVX Chevron Corp. COM · principal 23,150 $3.6M New PGX Invesco Preferred ETF PFD ETF · principal 280,052 $3.2M New C Citigroup Inc. COM NEW · principal 20,200 $2.1M New BMY Bristol-Myers Squibb Co. COM · principal 28,300 $1.3M New GHI Greystone Housing Impact Inv BEN UNIT CTF · principal 103,201 $1.1M New F Ford Motor Co. COM · principal 88,300 $1.1M New STHO Star Holdings SHS BEN INT · principal 119,740 $985K New GDX Vaneck Gold Miners ETF GOLD MINERS ETF · principal 11,500 $879K New NLOP Net Lease Office Property COM · principal 24,896 $738K New BITO Proshares Bitcoin ETF-Usd BITCOIN ETF · principal 27,600 $543K New GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 66,060 $488K Add +19.9% GLD SPDR Gold Shares GOLD SHS · principal 1,000 $355K New CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 · principal 26,149 $334K New IEP Icahn Enterprises LP DEPOSITARY UNIT · principal 37,800 $318K New CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 26,763 $311K Reduce -80.9% NOTVQ Inotiv Inc. COM · principal 97,800 $142K New FGMCR FG Merger II Corp. RIGHT 02/11/2030 209,356 $88K Reduce -0.3% PLRX Pliant Therapeutics Inc. COM · principal 41,246 $61K New KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 38,888 $41K New NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 48,180 $36K Add +11.3% VWAVW Visionwave Holdings Inc. *W EXP 07/14/203 32,400 $13K New COHEN & STEERS INFRASTRU RIGHT 10/16/2025 136,311 $11K New
Total filed on the 13F, all lines: $231.7M.
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -75.7% 2.85% −14.39 UNH Unitedhealth Group Inc. Sold out 0.00% −10.85 PFF iShares Preferred & Income S Sold out 0.00% −4.87 JNPR Juniper Networks Inc. Sold out 0.00% −4.68 AZEK The Azek Co. Inc. Sold out 0.00% −3.88 RIO Rio Tinto PLC-Spon ADR Sold out 0.00% −3.30 PGX Invesco Preferred ETF Reduce -90.3% 0.24% −3.29 CWB SS SPDR BB Conv Sec ETF Sold out 0.00% −2.95 EWT iShares MSCI Taiwan ETF Reduce -50.6% 1.27% −2.15 BITO Proshares Bitcoin ETF-Usd Sold out 0.00% −2.06 CEF Sprott Physical Gold and Sil Sold out 0.00% −1.93 MO Altria Group Inc. Sold out 0.00% −1.65 ET Energy Transfer LP Sold out 0.00% −1.47 GLD SPDR Gold Shares Sold out 0.00% −1.45 STHO Star Holdings Reduce -50.0% 0.57% −1.03 K Kellanova Sold out 0.00% −0.93 GHI Greystone Housing Impact Inv Sold out 0.00% −0.93 FG MERGER II CORP Sold out 0.00% −0.93 ANSC Agriculture & Natural Soluti Sold out 0.00% −0.86 RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.84 PMTRU Perimeter Acquisition Corp. I Sold out 0.00% −0.83 IWM iShares Russell 2000 ETF Sold out 0.00% −0.81 BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.78 SKX Skechers USA Inc. Class A Sold out 0.00% −0.75 T AT&T Inc. Sold out 0.00% −0.74 BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.72 ALLT Allot Ltd. Sold out 0.00% −0.72 F Ford Motor Co. Sold out 0.00% −0.70 IMSR Terrestrial Energy Inc. Sold out 0.00% −0.66 BTI British American Tob-SP ADR Sold out 0.00% −0.64 MYE Myers Industries Inc. Reduce -30.7% 0.69% −0.57 NLOP Net Lease Office Property Sold out 0.00% −0.57 VLOS Velos Acquisition I Corp. Sold out 0.00% −0.55 CEPO Cantor Equity Partners I-A Sold out 0.00% −0.52 DBRG Digitalbridge Group Inc. Sold out 0.00% −0.49 WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.47 TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.45 IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.42 CMDB Costamare Bulkers Holding Sold out 0.00% −0.41 WDC Western Digital Corp. Sold out 0.00% −0.38 MAGN Magnera Corp. Reduce -45.0% 0.21% −0.38 ARES ACQUISITION CORP II Sold out 0.00% −0.36 GSRT GSR III Acquisition Corp. Sold out 0.00% −0.34 PFE Pfizer Inc. Sold out 0.00% −0.33 BLK BlackRock Inc. Sold out 0.00% −0.33 TASK Taskus Inc. Class A Sold out 0.00% −0.33 PCAPU Procap Acquisition Corp. Sold out 0.00% −0.32 BTX BlackRock Tech & Priv Eqty Sold out 0.00% −0.32 C Citigroup Inc. Sold out 0.00% −0.31 ENB Enbridge Inc. Sold out 0.00% −0.30
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ CRWV Coreweave Inc. Class A Add +1620.0% 55.81% +50.09 QQQ Invesco QQQ Trust Series 1 New 10.99% +10.99 SPY SS SPDR S&P 500 ETF Trust-US New 9.98% +9.98 CORZ Core Scientific Inc. Add +512.4% 5.86% +4.52 PSKY Paramount Skydance Class B New 3.86% +3.86 SOC Sable Offshore Corp. New 3.35% +3.35 LQDA Liquidia Corp. New 1.48% +1.48 GDXJ Vaneck Junior Gold Miners New 0.58% +0.58 ORCL Oracle Corp. New 0.45% +0.45 ENOV Enovis Corp. New 0.24% +0.24 COMP Compass Inc. Class A New 0.21% +0.21 CIFR Cipher Digital Inc. New 0.20% +0.20 OXY Occidental Petroleum Corp. New 0.14% +0.14 RAL Ralliant Corp. New 0.12% +0.12 APH Amphenol Corp. Class A New 0.11% +0.11 KZR Kezar Life Sciences Inc. New 0.07% +0.07 CLYM Climb Bio Inc. New 0.06% +0.06 STIM Neuronetics Inc. New 0.06% +0.06 ACRV Acrivon Therapeutics Inc. New 0.04% +0.04 AVIR Atea Pharmaceuticals Inc. New 0.04% +0.04 ACET Adicet Bio Inc. New 0.03% +0.03 ZNTL Zentalis Pharmaceuticals Inc. New 0.03% +0.03 STRO Sutro Biopharma Inc. Com SHS New 0.02% +0.02 IPSC Century Therapeutics Inc. New 0.01% +0.01
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ CRWV Coreweave Inc. Class A call Add +11136.0% 2,494,402 $47.7M CRWV Coreweave Inc. Class A call New 670,700 $21.8M CORZ Core Scientific Inc. call Add +1177.9% 1,564,200 $3.1M SOC Sable Offshore Corp. put New 977,600 $1.9M JNPR Juniper Networks Inc. call Sold out 380,600 $1.1Mbefore exit QQQ Invesco QQQ Trust Series 1 put New 100,000 $785K CRWV Coreweave Inc. Class A put Add +1053.3% 506,300 $730K CORZ Core Scientific Inc. call New 340,600 $639K LQDA Liquidia Corp. put New 111,000 $638K GLD SPDR Gold Shares call New 60,000 $477K QQQ Invesco QQQ Trust Series 1 call New 70,000 $378K SOC Sable Offshore Corp. call New 917,000 $375K CORZ Core Scientific Inc. put New 622,800 $263K SPY SS SPDR S&P 500 ETF Trust-US call New 50,000 $240K SPY SS SPDR S&P 500 ETF Trust-US put New 70,000 $231K PARAA Paramount Global Class B put Sold out 112,400 $230Kbefore exit COMP Compass Inc. Class A call New 98,600 $219K CRWV Coreweave Inc. Class A put New 95,700 $208K GDX Vaneck Gold Miners ETF call New 50,000 $194K QQQ Invesco QQQ Trust Series 1 put New 30,000 $165K UNH Unitedhealth Group Inc. put Sold out 50,000 $143Kbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Reduce -78.3% 25,000 $141K GDXJ Vaneck Junior Gold Miners call New 25,000 $108K PSKY Paramount Skydance Class B call New 43,800 $94K SPY SS SPDR S&P 500 ETF Trust-US call Sold out 20,000 $84Kbefore exit PSKY Paramount Skydance Class B call New 54,900 $83K GLD SPDR Gold Shares call Sold out 30,000 $81Kbefore exit HON Honeywell International Inc. call Sold out 13,400 $75Kbefore exit AAPL Apple Inc. put Sold out 30,000 $73Kbefore exit EWZ iShares MSCI Brazil ETF call Sold out 25,000 $66Kbefore exit K Kellanova put Add +19.0% 102,700 $62K SOC Sable Offshore Corp. call New 183,600 $54K PSKY Paramount Skydance Class B put New 1,166,100 $53K EOSE Eos Energy Enterprises Inc. call Sold out 49,900 $53Kbefore exit ET Energy Transfer LP put New 128,000 $40K RIO Rio Tinto PLC-Spon ADR put Sold out 62,900 $40Kbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 125,000 $36Kbefore exit CSX CSX Corp. call New 150,000 $30K JNPR Juniper Networks Inc. put Sold out 1,158,400 $25Kbefore exit BHF Brighthouse Financial Inc. put New 27,100 $23K QDIV Global X S&P 500 QLTY Div call Sold out 35,500 $23Kbefore exit ALE Allete Inc. put New 72,000 $22K PSKY Paramount Skydance Class B put New 47,300 $16K MO Altria Group Inc. put Sold out 29,000 $14Kbefore exit ECHO Echostar Corp. Class A put Sold out 100,000 $13Kbefore exit AAPL Apple Inc. call Sold out 50,000 $11Kbefore exit WBA Walgreens Boots Alliance Inc. put Sold out 45,000 $10Kbefore exit CSX CSX Corp. put New 75,000 $9K GDX Vaneck Gold Miners ETF call Sold out 10,000 $9Kbefore exit GTLS Chart Industries Inc. put New 22,800 $8K
Showing the first 50 of 66.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025 Security Class Change vs Q2 2025 Shares / Principal Value ▼ CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B New 315,000 $22.4M ET Energy Transfer LP COM UT LTD PTN · principal New 318,900 $5.5M CVX Chevron Corp. COM · principal New 23,150 $3.6M PGX Invesco Preferred ETF PFD ETF · principal New 280,052 $3.2M C Citigroup Inc. COM NEW · principal New 20,200 $2.1M BMY Bristol-Myers Squibb Co. COM · principal New 28,300 $1.3M GHI Greystone Housing Impact Inv BEN UNIT CTF · principal New 103,201 $1.1M F Ford Motor Co. COM · principal New 88,300 $1.1M STHO Star Holdings SHS BEN INT · principal New 119,740 $985K GDX Vaneck Gold Miners ETF GOLD MINERS ETF · principal New 11,500 $879K NLOP Net Lease Office Property COM · principal New 24,896 $738K BITO Proshares Bitcoin ETF-Usd BITCOIN ETF · principal New 27,600 $543K GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 Add +19.9% 66,060 $488K OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Sold out 21,864 $453Kbefore exit GLD SPDR Gold Shares GOLD SHS · principal New 1,000 $355K CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 · principal New 26,149 $334K IEP Icahn Enterprises LP DEPOSITARY UNIT · principal New 37,800 $318K CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 Reduce -80.9% 26,763 $311K GSRTR GSR III Acquisition Corp. RIGHT 99/99/9999 Sold out 44,408 $305Kbefore exit CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 Sold out 26,200 $163Kbefore exit NOTVQ Inotiv Inc. COM · principal New 97,800 $142K Colombier Acquisition - 29 *W EXP 11/24/202 Sold out 30,799 $115Kbefore exit ACHR.WS Archer Aviation Inc. -CW26 *W EXP 09/16/202 Sold out 34,625 $112Kbefore exit FGMCR FG Merger II Corp. RIGHT 02/11/2030 Reduce -0.3% 209,356 $88K KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 Sold out 60,149 $66Kbefore exit BULLW Webull Corp.-30 *W EXP 04/10/203 Sold out 16,734 $66Kbefore exit PLRX Pliant Therapeutics Inc. COM · principal New 41,246 $61K CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 Sold out 26,226 $52Kbefore exit KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 New 38,888 $41K NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 Add +11.3% 48,180 $36K ALVOW Alvotech SA -27 *W EXP 99/99/999 Sold out 12,608 $17Kbefore exit FASWF Stonebridge Acquisition-CW23 *W EXP 04/02/202 Sold out 296,936 $15Kbefore exit VWAVW Visionwave Holdings Inc. *W EXP 07/14/203 New 32,400 $13K COHEN & STEERS INFRASTRU RIGHT 10/16/2025 New 136,311 $11K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 82 $341.0M MSFT, NVDA, XOVR, AMD, SPY Q1 2026 58 $85.5M CRWV, BOXX, CWB, SPY, CCOI Q4 2025 123 $354.2M CRWV, SPY, CMG, QQQ, SILJ Q3 2025 32 $186.2M CRWV, QQQ, SPY, CORZ, PSKY Q2 2025 90 $126.0M HYG, UNH, CRWV, PFF, JNPR Q1 2025 63 $120.5M CEF, IWM, SPY, TIP, CWB Q3 2024 59 $91.2M CEF, PWSC, ET, GOOG, STHO Q2 2024 48 $169.3M NVDA, SPY, QQQ, CVX, ET Q1 2024 Amended 82 $402.2M PALO ALTO NETWORKS (PANW 0.375 06/01/25), CEF, PHYS, SPY, DE