Debussy Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Debussy Capital Management LP reported 278 stock positions worth $735.4 million. Its top holding was Apple (AAPL) at 5.6% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 3.7%) and Applied Materials (AMAT, 3.1%). Compared with Q3 2025, it opened 14 new positions, sold out of 15, added to 108 and reduced 117. The biggest buy was Meta Platforms Class A (META, shares +233%) and the biggest sale an exit from Intel (INTC).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001682021
- Portfolio Value
- $735.4M (Q4 2025)
- SEC Filing
- 0001682021-26-000003 ↗ filed Feb 13, 2026
Holdings Value
Holdings 278 stocks · $735.4M
| AAPL Apple Inc. | 5.57% | 150,554 | $40.9M | Reduce -1.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 3.66% | 335,360 | $26.9M | Add +12.1% |
| AMAT Applied Materials Inc. | 3.10% | 88,620 | $22.8M | Reduce -6.1% |
| GOOGL Alphabet Inc. Class A | 3.06% | 71,967 | $22.5M | Reduce -1.2% |
| NVDA Nvidia Corp. | 3.06% | 120,485 | $22.5M | Add +0.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 2.66% | 441,270 | $19.6M | Add +19.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.57% | 162,833 | $18.9M | Reduce -16.3% |
| SLV iShares Silver Trust | 2.50% | 285,723 | $18.4M | Reduce -11.0% |
| SCHW Schwab (charles) Corp. | 2.33% | 171,810 | $17.2M | Reduce -4.0% |
| BWA Borgwarner Inc. | 2.26% | 368,413 | $16.6M | Reduce -5.4% |
| AMGN Amgen Inc. | 2.18% | 48,996 | $16.0M | Reduce -5.9% |
| GBIL Goldman Sachs Access Treasur | 2.17% | 159,721 | $16.0M | Add +13.7% |
| MDT Medtronic PLC | 2.05% | 157,259 | $15.1M | Reduce -3.3% |
| SCHX Schwab US Large-Cap ETF | 1.99% | 543,124 | $14.6M | Add +1.2% |
| SCHO Schwab Short-Term US Treas | 1.80% | 543,040 | $13.2M | Add +8.6% |
| SCHF Schwab Intl Equity ETF | 1.64% | 503,059 | $12.1M | Add +3.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.60% | 17,269 | $11.8M | Add +0.7% |
| LLY Eli Lilly & Co. | 1.42% | 9,735 | $10.5M | Reduce -2.3% |
| TSLA Tesla Inc. | 1.33% | 21,763 | $9.8M | Reduce -0.9% |
| IAU iShares Gold Trust | 1.33% | 120,212 | $9.8M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 1.27% | 14,200 | $9.4M | Add +233.3% |
| MSFT Microsoft Corp. | 1.24% | 18,876 | $9.1M | Add +0.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.14% | 24,979 | $8.4M | Reduce -3.5% |
| GLD SPDR Gold Shares | 1.13% | 21,057 | $8.3M | Add +2.7% |
| CVS CVS Health Corp. | 1.07% | 99,452 | $7.9M | Reduce -7.8% |
| MRVL Marvell Technology Inc. | 1.07% | 92,713 | $7.9M | Reduce -1.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 1.04% | 132,527 | $7.7M | Add +10.9% |
| CAT Caterpillar Inc. | 1.01% | 12,997 | $7.4M | Reduce -8.1% |
| ON On Semiconductor | 0.98% | 133,244 | $7.2M | Reduce -5.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.98% | 153,188 | $7.2M | Add +12.4% |
| V Visa Inc. Class A | 0.95% | 19,948 | $7.0M | Reduce -3.2% |
| SCHA Schwab US Small-Cap ETF | 0.92% | 237,611 | $6.8M | Add +0.3% |
| WBD Warner Bros Discovery Inc. | 0.88% | 224,171 | $6.5M | Reduce -7.0% |
| DVY iShares Select Dividend ETF | 0.88% | 45,661 | $6.4M | Reduce -0.5% |
| SCHB Schwab US Broad Market ETF | 0.82% | 229,880 | $6.0M | Reduce -0.3% |
| DE Deere & Co. | 0.80% | 12,636 | $5.9M | Reduce -5.3% |
| ZBH Zimmer Biomet Holdings Inc. | 0.79% | 64,203 | $5.8M | Reduce -2.6% |
| PEP Pepsico Inc. | 0.78% | 39,928 | $5.7M | Add +2.9% |
| LMBS First Trust Low Duration Opp | 0.75% | 111,046 | $5.6M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 0.74% | 17,391 | $5.5M | Add +1.4% |
| ACWI iShares MSCI Acwi ETF | 0.72% | 37,497 | $5.3M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 0.69% | 7,406 | $5.1M | Reduce -2.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.68% | 26,349 | $5.0M | Add +10.2% |
| UPS United Parcel Service Class B | 0.67% | 49,996 | $5.0M | Reduce -1.6% |
| NUE Nucor Corp. | 0.67% | 30,330 | $4.9M | Reduce -5.1% |
| AMZN Amazon.com Inc. | 0.66% | 21,012 | $4.9M | Reduce -1.5% |
| GLPI Gaming and Leisure Propertie | 0.61% | 100,128 | $4.5M | Add +0.1% |
| SPEM State Street SP PTF Em ETF | 0.57% | 89,933 | $4.2M | Add +28.0% |
| PNR Pentair PLC | 0.56% | 39,731 | $4.1M | Reduce -8.6% |
| VOO Vanguard S&P 500 ETF | 0.56% | 6,587 | $4.1M | Reduce -12.4% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.56% | 124,943 | $4.1M | Add +5.0% |
| SCHM Schwab US Mid Cap ETF | 0.53% | 130,378 | $3.9M | Add +2.0% |
| AAAU Goldman Sachs Physical Gold | 0.51% | 88,119 | $3.7M | Reduce -19.5% |
| LULU Lululemon Athletica Inc. | 0.50% | 17,738 | $3.7M | Reduce -13.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.49% | 80,045 | $3.6M | Add +8.4% |
| VEA Vanguard Ftse Developed ETF | 0.48% | 56,310 | $3.5M | Reduce -7.3% |
| GRNY Fundstr Gran SH US LRG Cap | 0.44% | 131,868 | $3.3M | Add +2.1% |
| RHI Robert Half Inc. | 0.44% | 119,040 | $3.2M | Reduce -35.7% |
| COIN Coinbase Global Inc. Class A | 0.43% | 14,125 | $3.2M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 5,880 | $3.0M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 0.40% | 9,101 | $2.9M | Reduce -3.0% |
| ITOT iShares Core S&P Total U.S. | 0.40% | 19,547 | $2.9M | Reduce -17.6% |
| FBTC Fidelity Wise Origin Bitcoin | 0.39% | 37,860 | $2.9M | Reduce -2.4% |
| IDEV iShares Core MSCI Dev MKTS | 0.36% | 32,506 | $2.7M | Add +10.5% |
| PSBD Palmer Square Capital BDC Inc. | 0.36% | 215,336 | $2.6M | No change |
| WMT Walmart Inc. | 0.36% | 23,491 | $2.6M | Add +0.4% |
| XLK SS Technology Select Sector | 0.35% | 17,943 | $2.6M | Add +5.6% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.35% | 71,178 | $2.6M | Add +9.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.35% | 66,852 | $2.6M | Reduce -6.9% |
| SPTS SS SPDR P St Term TSY ETF | 0.34% | 85,053 | $2.5M | Reduce -0.6% |
| T AT&T Inc. | 0.33% | 97,279 | $2.4M | Reduce -3.9% |
| IMCV iShares Morningstar Mid-Cap | 0.31% | 27,542 | $2.3M | Add +11.7% |
| SCHH Schwab US REIT ETF | 0.30% | 104,881 | $2.2M | Add +14.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.29% | 8,224 | $2.1M | Reduce -4.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 7,175 | $2.1M | Reduce -3.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.28% | 23,139 | $2.1M | Reduce -0.7% |
| AVGO Broadcom Inc. | 0.26% | 5,558 | $1.9M | Reduce -0.6% |
| HALO Halozyme Therapeutics Inc. | 0.25% | 27,689 | $1.9M | Reduce -16.4% |
| VHT Vanguard Health Care ETF | 0.25% | 6,414 | $1.8M | Add +2.3% |
| AVDV Avantis Intl S/C Value ETF | 0.25% | 19,528 | $1.8M | Add +5.5% |
| AVUV Avantis US Small Cap Value | 0.23% | 16,756 | $1.7M | Add +15.0% |
| IYW iShares Ustechnology ETF | 0.23% | 8,528 | $1.7M | Reduce -2.1% |
| COST Costco Wholesale Corp. | 0.23% | 1,967 | $1.7M | Reduce -5.6% |
| VNQ Vanguard Real Estate ETF | 0.23% | 18,722 | $1.7M | Add +4.5% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 7,295 | $1.6M | Reduce -1.2% |
| VGT Vanguard Info Tech ETF | 0.21% | 2,049 | $1.5M | Add +46.9% |
| ABBV Abbvie Inc. | 0.21% | 6,759 | $1.5M | Reduce -16.0% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 2,658 | $1.5M | Add +7.8% |
| VT Vanguard Tot World STK ETF | 0.21% | 10,899 | $1.5M | Add +1.9% |
| DNP DNP Select Income Fund Inc. | 0.21% | 152,219 | $1.5M | No change |
| PG The Procter & Gamble Co. | 0.20% | 10,133 | $1.5M | Reduce -9.4% |
| EZU iShares MSCI Eurozone ETF | 0.20% | 22,641 | $1.5M | Reduce -4.8% |
| IJR iShares Core S&P Small-Cap E | 0.19% | 11,913 | $1.4M | Reduce -2.9% |
| IWR iShares Russell Mid-Cap ETF | 0.19% | 14,464 | $1.4M | Add +0.0% |
| BA The Boeing Co. | 0.19% | 6,311 | $1.4M | Add +0.6% |
| ORCL Oracle Corp. | 0.18% | 6,929 | $1.4M | Reduce -6.5% |
| GE General Electric filed as GE AEROSPACE | 0.18% | 4,209 | $1.3M | Reduce -26.4% |
| EEMA iShares MSCI Emerg MRKT Asia | 0.18% | 13,776 | $1.3M | Add +20.2% |
| HD Home Depot Inc. | 0.17% | 3,546 | $1.2M | Reduce -2.3% |
| VFH Vanguard Financials ETF | 0.16% | 8,843 | $1.2M | Add +0.1% |
Portfolio Sells Q3 2025 → Q4 2025
| INTC Intel Corp. | Sold out | 0.00% | −0.77 |
| RHI Robert Half Inc. | Reduce -35.7% | 0.44% | −0.45 |
| BNY Bank of New York Mellon Corp. | Reduce -16.3% | 2.57% | −0.42 |
| K Kellanova | Sold out | 0.00% | −0.38 |
| COIN Coinbase Global Inc. Class A | Reduce -0.1% | 0.43% | −0.24 |
| BWA Borgwarner Inc. | Reduce -5.4% | 2.26% | −0.16 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -2.4% | 0.39% | −0.15 |
| MDT Medtronic PLC | Reduce -3.3% | 2.05% | −0.14 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -2.6% | 0.79% | −0.13 |
| PNR Pentair PLC | Reduce -8.6% | 0.56% | −0.12 |
| ORCL Oracle Corp. | Reduce -6.5% | 0.18% | −0.11 |
| ITOT iShares Core S&P Total U.S. | Reduce -17.6% | 0.40% | −0.09 |
| HALO Halozyme Therapeutics Inc. | Reduce -16.4% | 0.25% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -12.4% | 0.56% | −0.09 |
| SCHW Schwab (charles) Corp. | Reduce -4.0% | 2.33% | −0.08 |
| AAAU Goldman Sachs Physical Gold | Reduce -19.5% | 0.51% | −0.08 |
| CVS CVS Health Corp. | Reduce -7.8% | 1.07% | −0.08 |
| T AT&T Inc. | Reduce -3.9% | 0.33% | −0.08 |
| GE General Electric | Reduce -26.4% | 0.18% | −0.07 |
| DE Deere & Co. | Reduce -5.3% | 0.80% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.5% | 1.14% | −0.06 |
| XEVMX Eaton Vance Cal Muni Bond | Sold out | 0.00% | −0.06 |
| ABBV Abbvie Inc. | Reduce -16.0% | 0.21% | −0.05 |
| MRVL Marvell Technology Inc. | Reduce -1.8% | 1.07% | −0.05 |
| TSLA Tesla Inc. | Reduce -0.9% | 1.33% | −0.05 |
| O Realty Income Corp. | Sold out | 0.00% | −0.05 |
| INSM Insmed Inc. | Sold out | 0.00% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -9.4% | 0.20% | −0.05 |
| DVY iShares Select Dividend ETF | Reduce -0.5% | 0.88% | −0.05 |
| V Visa Inc. Class A | Reduce -3.2% | 0.95% | −0.04 |
| HD Home Depot Inc. | Reduce -2.3% | 0.17% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -5.6% | 0.23% | −0.04 |
| GALT Galectin Therapeutics Inc. | Reduce -20.2% | 0.12% | −0.04 |
| ABT Abbott Laboratories | Reduce -15.3% | 0.12% | −0.04 |
| TBG TBG Dividend Focus ETF | Sold out | 0.00% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -7.3% | 0.48% | −0.04 |
| ETHE Grayscale Ethereum Staking E | Sold out | 0.00% | −0.03 |
| GLW Corning Inc. | Sold out | 0.00% | −0.03 |
| AAVM Alpha Architect Global Facto | Sold out | 0.00% | −0.03 |
| LIN Linde PLC | Sold out | 0.00% | −0.03 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.03 |
| SUB iShares Short-Term National | Reduce -24.9% | 0.08% | −0.03 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.03 |
| IBIT iShares Bitcoin Trust ETF | Reduce -32.9% | 0.03% | −0.03 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.03 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -2.1% | 0.69% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -3.1% | 0.28% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -4.4% | 0.29% | −0.02 |
| PDO PIMCO Dynamic Income Opport | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Add +233.3% | 1.27% | +0.83 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +19.1% | 2.66% | +0.42 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +12.1% | 3.66% | +0.35 |
| GBIL Goldman Sachs Access Treasur | Add +13.7% | 2.17% | +0.18 |
| GOOG Alphabet Inc. Class C | Add +1.4% | 0.74% | +0.15 |
| SPEM State Street SP PTF Em ETF | Add +28.0% | 0.57% | +0.11 |
| GLD SPDR Gold Shares | Add +2.7% | 1.13% | +0.10 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +12.4% | 0.98% | +0.08 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +10.9% | 1.04% | +0.08 |
| GCAL Dynamic California Muni ETF | New | 0.08% | +0.08 |
| SCHO Schwab Short-Term US Treas | Add +8.6% | 1.80% | +0.07 |
| VGT Vanguard Info Tech ETF | Add +46.9% | 0.21% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +10.2% | 0.68% | +0.05 |
| AB Alliancebernstein Holding LP | New | 0.05% | +0.05 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +8.4% | 0.49% | +0.04 |
| C Citigroup Inc. | New | 0.04% | +0.04 |
| VIS Vanguard Industrials ETF | New | 0.04% | +0.04 |
| SCHF Schwab Intl Equity ETF | Add +3.3% | 1.64% | +0.04 |
| DHR Danaher Corp. | New | 0.04% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +7.8% | 0.21% | +0.04 |
| GDXJ Vaneck Junior Gold Miners | New | 0.04% | +0.04 |
| ADBE Adobe Inc. | New | 0.04% | +0.04 |
| IDEV iShares Core MSCI Dev MKTS | Add +10.5% | 0.36% | +0.03 |
| MU Micron Technology Inc. | Add +1.2% | 0.08% | +0.03 |
| ITW Illinois Tool Works | New | 0.03% | +0.03 |
| CEF Sprott Physical Gold and Sil | New | 0.03% | +0.03 |
| FCX Freeport-McMoran Inc. | New | 0.03% | +0.03 |
| ISRG Intuitive Surgical Inc. | New | 0.03% | +0.03 |
| FEZ State Street SPDR Euro Stoxx | Add +39.6% | 0.10% | +0.03 |
| ADI Analog Devices Inc. | New | 0.03% | +0.03 |
| IMCV iShares Morningstar Mid-Cap | Add +11.7% | 0.31% | +0.03 |
| EEMA iShares MSCI Emerg MRKT Asia | Add +20.2% | 0.18% | +0.03 |
| AVUV Avantis US Small Cap Value | Add +15.0% | 0.23% | +0.03 |
| IYF iShares US Financials ETF | Add +52.6% | 0.07% | +0.02 |
| VHT Vanguard Health Care ETF | Add +2.3% | 0.25% | +0.02 |
| SCHH Schwab US REIT ETF | Add +14.5% | 0.30% | +0.02 |
| XLV SS Health Care Select Sector | Add +12.8% | 0.10% | +0.02 |
| REFI Chicago Atlantic Real Estate | New | 0.02% | +0.02 |
| AVDV Avantis Intl S/C Value ETF | Add +5.5% | 0.25% | +0.02 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +9.0% | 0.35% | +0.02 |
| WMT Walmart Inc. | Add +0.4% | 0.36% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +29.7% | 0.05% | +0.01 |
| XLK SS Technology Select Sector | Add +5.6% | 0.35% | +0.01 |
| MRK Merck & Co. Inc. | Add +0.5% | 0.07% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Add +33.1% | 0.05% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +13.4% | 0.07% | +0.01 |
| FDX FedEx Corp. | Add +10.6% | 0.04% | +0.01 |
| FTXH First Trust Nasdaq Pharmaceu | Add +10.8% | 0.05% | +0.01 |
| GDX Vaneck Gold Miners ETF | Add +1.4% | 0.10% | +0.01 |
| PEP Pepsico Inc. | Add +2.9% | 0.78% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 281 | $723.2M | AAPL, AMAT, SPYM, SPDW, NVDA |
| Q4 2025 | 278 | $735.4M | AAPL, SPYM, AMAT, GOOGL, NVDA |
| Q3 2025 | 279 | $707.3M | AAPL, SPYM, NVDA, BNY, AMAT |
| Q2 2025 | 296 | $666.1M | AAPL, NVDA, BNY, SPYM, AMAT |
| Q1 2025 | 283 | $620.9M | AAPL, BNY, AMGN, SPYM, MDT |
| Q4 2024 | 287 | $652.2M | AAPL, BNY, AMAT, SPYM, AMGN |
| Q3 2024 | 226 | $344.4M | SPYM, AAPL, SPDW, SCHX, SCHO |
| Q2 2024 | 229 | $351.1M | SPYM, AAPL, SPDW, SCHO, SHY |
| Q1 2024 | 220 | $342.8M | SPYM, SCHO, SPDW, SHY, AAPL |