In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Dba Trading, LLC reported 39 stock positions worth $201.3 million . Its top holding was Applied Digital (APLD) at 65.8% of the portfolio, followed by BRC (RILY, 11.7% ) and Alphabet Class C (GOOG, 2.8% ). Compared with Q4 2025, it opened 12 new positions, sold out of 10, added to 13 and reduced 5. The biggest buy was a new position in Applied Digital (APLD) and the biggest sale an exit from Netflix (NFLX).
Location FORT LAUDERDALE, FL
CIK 0002067608
Portfolio Value $201.3M (Q1 2026) Holdings 39 stocks · $201.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 APLD Applied Digital Corp. 5,576,235 $132.4M New RILY BRC Group Holdings Inc. 3,227,869 $23.6M Add +1207.6% GOOG Alphabet Inc. Class C 19,600 $5.6M New SQNS Sequans Communications-ADR 1,400,111 $3.5M Add +24.8% MSFT Microsoft Corp. 8,600 $3.2M Add +91.1% GOOGL Alphabet Inc. Class A 10,200 $2.9M New EKSO BIONICS HLDGS INC 270,432 $2.9M Add +72.5% GSM Ferroglobe PLC 460,000 $1.9M Reduce -11.4% DRVN Driven Brands Holdings Inc. 150,000 $1.9M Add +114.3% OLN Olin Corp. 60,000 $1.8M Add +33.3% MGNI Magnite Inc. 150,000 $1.8M Add +172.7% KBDC Kayne Anderson BDC Inc. 121,998 $1.7M New AMN Amn Healthcare Services Inc. 87,000 $1.6M Add +13.0% SMCI Super Micro Computer Inc. 58,000 $1.3M New SPY SS SPDR S&P 500 ETF Trust-US 2,000 $1.3M Reduce -75.3% GEL Genesis Energy L.P. 72,500 $1.3M No change EEFT Euronet Worldwide Inc. 18,500 $1.2M Add +23.3% IREN Iren Ltd. filed as IREN LIMITED 35,700 $1.2M New MSTR Strategy Inc. 9,200 $1.1M No change NVDA Nvidia Corp. 6,000 $1.0M Add +200.0% AMTM Amentum Holdings Inc. 31,196 $814K No change XPOF Xponential Fitness Inc. Class A 132,877 $800K No change RYZ Ryerson Holding Corp. 35,000 $787K No change REAL BROKERAGE INC/THE filed as THE REAL BROKERAGE INC 300,000 $750K New GLNG Golar LNG Ltd. 12,000 $649K New GME Gamestop Corp. Class A 28,000 $645K New EFXT Enerflex Ltd. 24,000 $502K No change BYND Beyond Meat Inc. 681,400 $478K Add +1.5% ALAB Astera Labs Inc. 3,400 $373K New ACVA Acv Auctions Inc. Class A 70,000 $297K No change LFCR Lifecore Biomedical Inc. 75,000 $279K No change OEC Orion SA 39,500 $257K No change CVNA Carvana Co. 800 $252K Reduce -92.4% CRWV Coreweave Inc. Class A 3,000 $232K Add +7.1% CDZI Cadiz Inc. 46,040 $226K Reduce -66.7% CRCL Circle Internet Group Inc. 2,200 $210K Reduce -26.7% JBI Janus International Group Inc. 40,000 $206K New AMC AMC Entertainment HLDS Class A 142,000 $139K Add +62.1% INTC Intel Corp. 1,800 $79K New
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ NFLX Netflix Inc. Sold out 0.00% −47.43 GLD SPDR Gold Shares Sold out 0.00% −11.24 SPY SS SPDR S&P 500 ETF Trust-US Reduce -75.3% 0.65% −4.87 CVNA Carvana Co. Reduce -92.4% 0.12% −4.30 GSM Ferroglobe PLC Reduce -11.4% 0.94% −1.46 IBIT iShares Bitcoin Trust ETF Sold out 0.00% −1.19 DAR Darling Ingredients Inc. Sold out 0.00% −1.08 TDW Tidewater Inc. Sold out 0.00% −0.86 CDZI Cadiz Inc. Reduce -66.7% 0.11% −0.66 META Meta Platforms Inc. Class A Sold out 0.00% −0.66 PRGO Perrigo Co. PLC Sold out 0.00% −0.56 ROG Rogers Corp. Sold out 0.00% −0.27 CRCL Circle Internet Group Inc. Reduce -26.7% 0.10% −0.13 AMD Advanced Micro Devices Sold out 0.00% −0.02 SBET Sharplink Inc. Sold out 0.00% −0.02
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ APLD Applied Digital Corp. New 65.75% +65.75 RILY BRC Group Holdings Inc. Add +1207.6% 11.74% +10.59 GOOG Alphabet Inc. Class C New 2.79% +2.79 GOOGL Alphabet Inc. Class A New 1.46% +1.46 KBDC Kayne Anderson BDC Inc. New 0.83% +0.83 SMCI Super Micro Computer Inc. New 0.66% +0.66 IREN Iren Ltd. New 0.61% +0.61 REAL BROKERAGE INC/THE New 0.37% +0.37 GLNG Golar LNG Ltd. New 0.32% +0.32 GME Gamestop Corp. Class A New 0.32% +0.32 ALAB Astera Labs Inc. New 0.19% +0.19 NVDA Nvidia Corp. Add +200.0% 0.52% +0.15 JBI Janus International Group Inc. New 0.10% +0.10 EKSO BIONICS HLDGS INC Add +72.5% 1.43% +0.08 INTC Intel Corp. New 0.04% +0.04 MGNI Magnite Inc. Add +172.7% 0.89% −0.01 OLN Olin Corp. Add +33.3% 0.89% −0.05 AMC AMC Entertainment HLDS Class A Add +62.1% 0.07% −0.07 CRWV Coreweave Inc. Class A Add +7.1% 0.12% −0.08 DRVN Driven Brands Holdings Inc. Add +114.3% 0.94% −0.10 BYND Beyond Meat Inc. Add +1.5% 0.24% −0.31 AMN Amn Healthcare Services Inc. Add +13.0% 0.79% −0.42 EEFT Euronet Worldwide Inc. Add +23.3% 0.61% −0.53 MSFT Microsoft Corp. Add +91.1% 1.58% −0.59 SQNS Sequans Communications-ADR Add +24.8% 1.76% −3.27
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ NFLX Netflix Inc. call Sold out 544,000 $51.0Mbefore exit APLD Applied Digital Corp. put Sold out 171,700 $4.2Mbefore 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 39 $198.9M APLD, RILY, GOOG, SQNS, MSFT Q1 2026 39 $201.3M APLD, RILY, GOOG, SQNS, MSFT Q4 2025 37 $100.2M NFLX, GLD, SPY, SQNS, CVNA