Compass Rose Asset Management, LP

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 12, 2026), Compass Rose Asset Management, LP reported 14 stock positions worth $173.2 million. Its top holding was Warner Bros Discovery (WBD) at 14.3% of the portfolio, followed by Kranesh Csi China Internet (KWEB, 13.7%) and Comcast Class A (CMCSA, 13.5%). Compared with Q1 2026, it opened 9 new positions, sold out of 6, added to 1 and reduced 4. The biggest buy was a new position in Warner Bros Discovery (WBD) and the biggest sale Kranesh Csi China Internet (KWEB, shares −21%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001758811
Portfolio Value
$173.2M (Q2 2026)
SEC Filing
0001758811-26-000004 ↗ filed Aug 12, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $83.3M Q1 2024 Q2 2024: $44.7M Q2 2024 Q3 2024: $85.9M Q3 2024 Q4 2024: $204.2M Q4 2024 Q1 2025: $197.8M Q1 2025 Q2 2025: $107.9M Q2 2025 Q3 2025: $104.3M Q3 2025 Q4 2025: $156.7M Q4 2025 Q1 2026: $115.8M Q1 2026 Q2 2026: $173.2M $173.2M Q2 2026

Holdings 14 stocks · $173.2M
WBD Warner Bros Discovery Inc. 14.31% 930,000 $24.8M New
KWEB Kranesh Csi China Internet 13.70% 970,000 $23.7M Reduce -21.1%
CMCSA Comcast Corp. Class A 13.53% 955,000 $23.4M New
MSTR Strategy Inc. 10.16% 202,500 $17.6M New
CHTR Charter Communications Inc. Class A 9.44% 115,000 $16.4M New
SUZ Suzano SA - Spon ADR 7.68% 1,715,000 $13.3M Add +101.8%
ECHO Echostar Corp. Class A 7.32% 125,000 $12.7M New
RKT Rocket Cos Inc. Class A 6.41% 705,000 $11.1M Reduce -35.3%
AERO Grupo Aeromexico Sab DE CV 5.51% 530,000 $9.5M Reduce -2.8%
SHAZ Sharonai Holdings Inc. 3.56% 72,748 $6.2M New
LION Lionsgate Studios Corp. 3.23% 365,000 $5.6M New
NFLX Netflix Inc. 2.89% 70,000 $5.0M New
HUT Hut 8 Corp. 1.47% 22,000 $2.5M Reduce -14.2%
CAN Canaan Inc. 0.79% 4,769,310 $1.4M New

Options reported separately and not counted above: SMH puts ($2.6B), IWM puts ($321.5M), IBIT puts ($121.5M), SPY puts ($93.2M), CMCSA calls ($49.1M), MSTR puts ($17.6M), HUT calls ($14.4M), ECHO calls ($9.9M).

Other holdings (3): bonds, preferreds, convertibles and warrants · $187.1M (not counted above)
SecurityClassShares / PrincipalValueChange
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 92,500,000$92.0MReduce -9.8%
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 75,000,000$76.9MAdd +87.5%
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 404,000$18.2MReduce -19.2%

Total filed on the 13F, all lines: $360.3M.

Portfolio Sells Q1 2026 → Q2 2026
KWEB Kranesh Csi China Internet Reduce -21.1% 13.70% −16.49
NVT Nvent Electric PLC Sold out 0.00% −12.87
KMB Kimberly-Clark Corp. Sold out 0.00% −8.74
RKT Rocket Cos Inc. Class A Reduce -35.3% 6.41% −7.00
SAN Banco Santander SA-Spon ADR Sold out 0.00% −6.18
RIOT Riot Platforms Inc. Sold out 0.00% −5.28
FDS Factset Research Systems Inc. Sold out 0.00% −4.68
MARA Mara Holdings Inc. Sold out 0.00% −3.66
AERO Grupo Aeromexico Sab DE CV Reduce -2.8% 5.51% −1.08
HUT Hut 8 Corp. Reduce -14.2% 1.47% +0.43

Portfolio Buys Q1 2026 → Q2 2026
WBD Warner Bros Discovery Inc. New 14.31% +14.31
CMCSA Comcast Corp. Class A New 13.53% +13.53
MSTR Strategy Inc. New 10.16% +10.16
CHTR Charter Communications Inc. Class A New 9.44% +9.44
ECHO Echostar Corp. Class A New 7.32% +7.32
SHAZ Sharonai Holdings Inc. New 3.56% +3.56
LION Lionsgate Studios Corp. New 3.23% +3.23
NFLX Netflix Inc. New 2.89% +2.89
CAN Canaan Inc. New 0.79% +0.79
SUZ Suzano SA - Spon ADR Add +101.8% 7.68% +0.34

Options Activity Q1 2026 → Q2 2026
SMH Vaneck Semiconductor ETF put New 3,913,000 $2.6B
ISHARES TR call Sold out 8,000,000 $636.5Mbefore exit
IWM iShares Russell 2000 ETF put New 1,070,000 $321.5M
SPDR SERIES TRUST put Sold out 1,600,000 $290.9Mbefore exit
IBIT iShares Bitcoin Trust ETF put New 3,650,000 $121.5M
SPY SS SPDR S&P 500 ETF Trust-US put New 124,800 $93.2M
KRANESHARES TRUST call Sold out 2,695,000 $76.6Mbefore exit
CMCSA Comcast Corp. Class A call New 2,000,000 $49.1M
ISHARES INC put Sold out 470,000 $18.0Mbefore exit
MSTR Strategy Inc. put New 202,500 $17.6M
HUT Hut 8 Corp. call New 125,000 $14.4M
ECHO Echostar Corp. Class A call New 98,000 $9.9M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2026 → Q2 2026
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal Reduce -9.8% 92,500,000 $92.0M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Add +87.5% 75,000,000 $76.9M
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Sold out 25,000,000 $24.9Mbefore exit
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D Reduce -19.2% 404,000 $18.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$173.2MWBD, KWEB, CMCSA, MSTR, CHTR
Q1 2026 11$115.8MKWEB, RKT, NVT, KMB, SUZ
Q4 2025 13$156.7MKVUE, KMB, KWEB, CMCSA, BLCO
Q3 2025 11$104.3MKHC, KRE, BLCO, WBD, RDN
Q2 2025 9$107.9MPARAA, UNH, INTC, VALE, BLCO
Q1 2025 15$197.8MVALE, PARAA, B, IWM, BLCO
Q4 2024 13$204.2MBKLN, VALE, EWZ, EWW, BHC
Q3 2024 9$85.9MPARAA, ACI, WBD, INTC, BHC
Q2 2024 5$44.7MWBD, PARAA, IHS, VISN, OPTU
Q1 2024 4$83.3MWBD, FXI, BABA, PARAA