Compass Rose Asset Management, LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Compass Rose Asset Management, LP reported 11 stock positions worth $115.8 million. Its top holding was Kranesh Csi China Internet (KWEB) at 30.2% of the portfolio, followed by Rocket Cos Class A (RKT, 13.4%) and Nvent Electric (NVT, 12.9%). Compared with Q4 2025, it opened 7 new positions, sold out of 9, added to 2 and reduced 2. The biggest buy was Kranesh Csi China Internet (KWEB, shares +124%) and the biggest sale an exit from Kenvue (KVUE).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001758811
Portfolio Value
$115.8M (Q1 2026)
SEC Filing
0001758811-26-000003 ↗ filed May 14, 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 $115.8M Q1 2026 Q2 2026: $173.2M Q2 2026

Holdings 11 stocks · $115.8M
KWEB Kranesh Csi China Internet 30.19% 1,230,000 $35.0M Add +123.6%
RKT Rocket Cos Inc. Class A 13.41% 1,090,000 $15.5M New
NVT Nvent Electric PLC 12.87% 126,000 $14.9M New
KMB Kimberly-Clark Corp. 8.74% 105,000 $10.1M Reduce -46.4%
SUZ Suzano SA - Spon ADR 7.35% 850,000 $8.5M Reduce -46.9%
AERO Grupo Aeromexico Sab DE CV 6.59% 545,000 $7.6M Add +49.2%
SAN Banco Santander SA-Spon ADR 6.18% 635,000 $7.2M New
RIOT Riot Platforms Inc. 5.28% 495,000 $6.1M New
FDS Factset Research Systems Inc. 4.68% 25,000 $5.4M New
MARA Mara Holdings Inc. 3.66% 520,000 $4.2M New
HUT Hut 8 Corp. 1.04% 25,649 $1.2M New

Options reported separately and not counted above: ISHARES TR calls ($636.5M), SPDR SERIES TRUST puts ($290.9M), KRANESHARES TRUST calls ($76.6M), ISHARES INC puts ($18.0M).

Other holdings (4): bonds, preferreds, convertibles and warrants · $191.3M (not counted above)
SecurityClassShares / PrincipalValueChange
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 102,500,000$102.2MAdd +36.7%
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 40,000,000$41.6MReduce -20.0%
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 25,000,000$24.9MNo change
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 500,000$22.5MNew

Total filed on the 13F, all lines: $307.1M.

Portfolio Sells Q4 2025 → Q1 2026
KVUE Kenvue Inc. Sold out 0.00% −18.66
CMCSA Comcast Corp. Class A Sold out 0.00% −9.82
BLCO Bausch + Lomb Corp. Sold out 0.00% −9.81
UPS United Parcel Service Class B Sold out 0.00% −6.58
KHC The Kraft Heinz Co. Sold out 0.00% −6.19
BMA Banco Macro SA-ADR Sold out 0.00% −4.11
KMB Kimberly-Clark Corp. Reduce -46.4% 8.74% −3.87
AIG American International Group Sold out 0.00% −3.33
SUZ Suzano SA - Spon ADR Reduce -46.9% 7.35% −2.19
KREF KKR Real Estate Finance Trus Sold out 0.00% −1.76
OPTU Optimum Communications Inc. Class A Sold out 0.00% −0.53

Portfolio Buys Q4 2025 → Q1 2026
KWEB Kranesh Csi China Internet Add +123.6% 30.19% +18.24
RKT Rocket Cos Inc. Class A New 13.41% +13.41
NVT Nvent Electric PLC New 12.87% +12.87
SAN Banco Santander SA-Spon ADR New 6.18% +6.18
RIOT Riot Platforms Inc. New 5.28% +5.28
FDS Factset Research Systems Inc. New 4.68% +4.68
MARA Mara Holdings Inc. New 3.66% +3.66
AERO Grupo Aeromexico Sab DE CV Add +49.2% 6.59% +1.47
HUT Hut 8 Corp. New 1.04% +1.04

Options Activity Q4 2025 → Q1 2026
ISHARES TR call New 8,000,000 $636.5M
SPY SS SPDR S&P 500 ETF Trust-US call Sold out 760,000 $518.3Mbefore exit
SPDR SERIES TRUST put New 1,600,000 $290.9M
ISHARES TR put Sold out 2,000,000 $161.3Mbefore exit
KRANESHARES TRUST call Add +169.5% 2,695,000 $76.6M
CMCSA Comcast Corp. Class A call Sold out 2,500,000 $70.0Mbefore exit
NFLX Netflix Inc. call Sold out 500,000 $46.9Mbefore exit
KVUE Kenvue Inc. call Sold out 2,000,000 $34.5Mbefore exit
KMB Kimberly-Clark Corp. call Sold out 300,000 $30.3Mbefore exit
WBD Warner Bros Discovery Inc. call Sold out 809,800 $23.3Mbefore exit
ISHARES INC put New 470,000 $18.0M

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

Notes & Other Activity Q4 2025 → Q1 2026
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal Add +36.7% 102,500,000 $102.2M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Reduce -20.0% 40,000,000 $41.6M
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D New 500,000 $22.5M
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Sold out 22,624 $1.6Mbefore exit

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