Dauntless Investment Group, LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Dauntless Investment Group, LLC reported 46 stock positions worth $27.1 million . Its top holding was Okyo Pharma (OKYO) at 9.3% of the portfolio, followed by Femasys (FEMY, 7.3% ) and Tiziana Life Sciences (TLSA, 6.9% ). Compared with Q4 2024, it opened 26 new positions, sold out of 30, added to 3 and reduced 11. The biggest buy was a new position in Okyo Pharma (OKYO) and the biggest sale an exit from Novavax (NVAX).
Location Milford, MI
CIK 0002044285
Portfolio Value $27.1M (Q1 2025) Holdings 46 stocks · $27.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 OKYO Okyo Pharma Ltd. 1,988,780 $2.5M New FEMY Femasys Inc. 1,575,143 $2.0M New TLSA Tiziana Life Sciences Ltd. 1,739,574 $1.9M New NAK Northern Dynasty Minerals 983,607 $1.1M Reduce -53.7% LINC Lincoln Educational Services 68,668 $1.1M Reduce -19.2% COYA Coya Therapeutics Inc. 167,378 $1.1M New INMB Inmune Bio Inc. 130,680 $1.0M Reduce -31.9% AGRO Adecoagro SA 86,877 $970K Reduce -26.9% IBIT iShares Bitcoin Trust ETF 18,000 $843K New HCC Warrior Met Coal Inc. 16,510 $788K Add +47.5% VAL Valaris Ltd. 19,505 $766K Add +78.5% MOS The Mosaic Co. 27,917 $754K New IOBTQ Io Biotech Inc. 681,446 $743K Reduce -8.8% JOE The St Joe Co. 14,040 $659K Add +30.6% EWZ iShares MSCI Brazil ETF 25,500 $659K New ICCC Immucell Corp. 131,195 $628K No change NGD New Gold Inc. 160,696 $596K No change AEON Aeon Biopharma Inc. 1,025,000 $594K New TITN Titan Machinery Inc. 31,678 $540K Reduce -39.4% VALE Vale SA-SP ADR 53,677 $536K Reduce -44.0% MUFG Mitsubishi Ufj Finl-Spon ADR 39,138 $533K No change MYO Myomo Inc. 108,435 $522K Reduce -34.8% ATYR Atyr Pharma Inc. 170,689 $515K New AEM Agnico Eagle Mines Ltd. 4,450 $482K No change COUR Coursera Inc. 66,750 $445K New PPLT Abrdn Physical Platinum SHRS 4,616 $422K No change COLO Global X MSCI Colombia ETF 12,890 $354K New XP XP Inc. Class A 24,226 $333K New FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 3,061 $313K New CRDF Cardiff Oncology Inc. 96,208 $302K New IBRX Immunitybio Inc. 94,141 $283K New AQST Aquestive Therapeutics Inc. 91,540 $265K New TUR iShares MSCI Turkey ETF 7,575 $249K New GANX Gain Therapeutics Inc. 125,584 $240K New ECH iShares MSCI Chile ETF 7,768 $232K New PCVX Vaxcyte Inc. 5,825 $220K New MT Arcelormittal-NY Registered 7,071 $204K Reduce -75.0% WRN Western Copper and Gold Corp. 172,832 $196K Reduce -42.5% STOK Stoke Therapeutics Inc. 28,600 $190K New NVNO Envveno Medical Corporation 70,848 $186K New CLPT Clearpoint Neuro Inc. 13,982 $166K New AVAL Grupo Aval Acciones Y Valore 58,887 $161K New NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 15,000 $154K New PPTA Perpetua Resources Corp. 14,184 $152K Reduce -78.1% THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN 229,746 $145K No change NG Novagold Resources Inc. 13,480 $39K New
Options reported separately and not counted above: HYG puts ($12.2M), EWZ calls ($12.2M), IBM puts ($7.2M), COST puts ($7.0M), AAPL puts ($6.9M), GM puts ($5.1M), SMH puts ($2.6M), IBB puts ($2.6M), SBUX puts ($2.1M), INMB calls ($531K).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ NVAX Novavax Inc. Sold out 0.00% −2.95 KWEB Kranesh Csi China Internet Sold out 0.00% −2.94 DHT DHT Holdings Inc. Sold out 0.00% −2.77 MYO Myomo Inc. Reduce -34.8% 1.93% −2.60 PM Philip Morris International Sold out 0.00% −2.48 RELY Remitly Global Inc. Sold out 0.00% −2.40 PPTA Perpetua Resources Corp. Reduce -78.1% 0.56% −2.36 SBSW Sibanye-Stillwater Ltd.-ADR Sold out 0.00% −2.17 SDRL Seadrill Limited Sold out 0.00% −2.13 NE Noble Corp. PLC Sold out 0.00% −2.09 MT Arcelormittal-NY Registered Reduce -75.0% 0.75% −2.01 RIG Transocean Ltd. Sold out 0.00% −1.99 TNK Teekay Tankers Ltd. Class A Sold out 0.00% −1.82 CRL Charles River Laboratories Sold out 0.00% −1.78 TK Teekay Corp. Ltd. Sold out 0.00% −1.78 LLY Eli Lilly & Co. Sold out 0.00% −1.72 MERC Mercer International Inc. Sold out 0.00% −1.71 LINC Lincoln Educational Services Reduce -19.2% 4.02% −1.66 CENX Century Aluminum Company Sold out 0.00% −1.64 VALE Vale SA-SP ADR Reduce -44.0% 1.98% −1.61 TCRX Tscan Therapeutics Inc. Sold out 0.00% −1.42 PBF PBF Energy Inc. Class A Sold out 0.00% −1.25 MLP Maui Land & Pineapple Co. Sold out 0.00% −1.21 AGRO Adecoagro SA Reduce -26.9% 3.58% −1.15 A Agilent Technologies Inc. Sold out 0.00% −1.13 TITN Titan Machinery Inc. Reduce -39.4% 1.99% −1.13 FXI iShares China Large-Cap ETF Sold out 0.00% −1.08 NAK Northern Dynasty Minerals Reduce -53.7% 4.18% −1.03 TMO Thermo Fisher Scientific Inc. Sold out 0.00% −1.01 TIDAL TR II Sold out 0.00% −0.89 SMHI Seacor Marine Holdings Inc. Sold out 0.00% −0.69 WRN Western Copper and Gold Corp. Reduce -42.5% 0.72% −0.61 CYPH Cypherpunk Technologies Inc. Sold out 0.00% −0.61 SIVR Abrdn Physical Silver Shares Sold out 0.00% −0.51 ASHR Xtrackers Harvest Csi 300 CH Sold out 0.00% −0.28 GPRE Green Plains Inc. Sold out 0.00% −0.23 IOBTQ Io Biotech Inc. Reduce -8.8% 2.74% −0.16 THE REAL GOOD FOOD COMPANY I Sold out 0.00% −0.05 PXS Pyxis Tankers Inc. Sold out 0.00% −0.02 DSL Doubleline Income Solutions Sold out 0.00% −0.02 INMB Inmune Bio Inc. Reduce -31.9% 3.77% −0.02
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ OKYO Okyo Pharma Ltd. New 9.33% +9.33 FEMY Femasys Inc. New 7.27% +7.27 TLSA Tiziana Life Sciences Ltd. New 6.94% +6.94 COYA Coya Therapeutics Inc. New 4.00% +4.00 IBIT iShares Bitcoin Trust ETF New 3.11% +3.11 MOS The Mosaic Co. New 2.78% +2.78 EWZ iShares MSCI Brazil ETF New 2.43% +2.43 AEON Aeon Biopharma Inc. New 2.19% +2.19 ATYR Atyr Pharma Inc. New 1.90% +1.90 COUR Coursera Inc. New 1.64% +1.64 COLO Global X MSCI Colombia ETF New 1.31% +1.31 XP XP Inc. Class A New 1.23% +1.23 FUTU Futu Holdings Ltd.-ADR New 1.16% +1.16 CRDF Cardiff Oncology Inc. New 1.12% +1.12 IBRX Immunitybio Inc. New 1.05% +1.05 AQST Aquestive Therapeutics Inc. New 0.98% +0.98 TUR iShares MSCI Turkey ETF New 0.92% +0.92 GANX Gain Therapeutics Inc. New 0.89% +0.89 ECH iShares MSCI Chile ETF New 0.86% +0.86 PCVX Vaxcyte Inc. New 0.81% +0.81 VAL Valaris Ltd. Add +78.5% 2.83% +0.79 STOK Stoke Therapeutics Inc. New 0.70% +0.70 NVNO Envveno Medical Corporation New 0.69% +0.69 CLPT Clearpoint Neuro Inc. New 0.61% +0.61 AVAL Grupo Aval Acciones Y Valore New 0.59% +0.59 NU Nu Holdings Ltd./Cayman Isl-A New 0.57% +0.57 JOE The St Joe Co. Add +30.6% 2.43% +0.39 HCC Warrior Met Coal Inc. Add +47.5% 2.91% +0.34 NG Novagold Resources Inc. New 0.15% +0.15
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 40,500 $20.7Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 155,300 $12.2M EWZ iShares MSCI Brazil ETF call Add +618.3% 471,200 $12.2M XLK SS Technology Select Sector put Sold out 52,000 $12.1Mbefore exit AVGO Broadcom Inc. put Sold out 36,600 $8.5Mbefore exit IBM Intl Business Machines Corp. put New 29,100 $7.2M COST Costco Wholesale Corp. put New 7,400 $7.0M AAPL Apple Inc. put Add +21.1% 31,000 $6.9M PLTR Palantir Technologies Inc. Class A put Sold out 81,200 $6.1Mbefore exit GM General Motors Co. put New 107,500 $5.1M DHT DHT Holdings Inc. call Sold out 313,900 $2.9Mbefore exit SMH Vaneck Semiconductor ETF put Reduce -70.1% 12,400 $2.6M IBB iShares Biotechnology ETF put New 20,000 $2.6M SBUX Starbucks Corp. put Add +6150.0% 21,500 $2.1M WING Wingstop Inc. put Sold out 5,300 $1.5Mbefore exit VALE Vale SA-SP ADR call Sold out 135,400 $1.2Mbefore exit INMB Inmune Bio Inc. call New 68,000 $531K MU Micron Technology Inc. call Sold out 5,000 $421Kbefore exit
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 64 $57.7M AEON, FEMY, KZIA, VLO, JOE Q1 2026 61 $35.6M INVA, FEMY, TLSA, AEON, LINC Q4 2025 53 $27.2M JOE, AGRO, LINC, AEON, TLSA Q3 2025 42 $38.1M TLSA, OKYO, AEM, LCTX, JBS Q2 2025 61 $21.3M TLSA, OKYO, JOE, ATYR, FEMY Q1 2025 46 $27.1M OKYO, FEMY, TLSA, NAK, LINC Q4 2024 50 $23.7M LINC, NAK, AGRO, MYO, INMB