Deltec Asset Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Deltec Asset Management LLC reported 159 stock positions worth $505.3 million. Its top holding was Alphabet Class A (GOOGL) at 7.6% of the portfolio, followed by Amazon.com (AMZN, 7.0%) and Microsoft (MSFT, 5.7%). Compared with Q3 2024, it opened 32 new positions, sold out of 26, added to 18 and reduced 54. The biggest buy was a new position in On Semiconductor (ON) and the biggest sale Caesars Entertainment (CZR, shares −72%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001269950
Portfolio Value
$505.3M (Q4 2024)
SEC Filing
0000919574-25-000511 ↗ filed Jan 27, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $507.0M Q1 2024 Q2 2024: $522.8M Q2 2024 Q3 2024: $507.1M Q3 2024 Q4 2024: $505.3M $505.3M Q4 2024 Q1 2025: $465.0M Q1 2025 Q2 2025: $560.5M Q2 2025 Q3 2025: $606.1M Q3 2025 Q4 2025: $603.0M Q4 2025 Q1 2026: $545.3M Q1 2026 Q2 2026: $677.0M Q2 2026

Holdings 159 stocks · $505.3M
GOOGL Alphabet Inc. Class A 7.62% 203,338 $38.5M Reduce -2.5%
AMZN Amazon.com Inc. 7.04% 162,141 $35.6M Reduce -15.9%
MSFT Microsoft Corp. 5.72% 68,544 $28.9M Reduce -1.2%
AVGO Broadcom Inc. 5.19% 113,039 $26.2M Reduce -4.7%
OCUL Ocular Therapeutix Inc. 4.42% 2,616,373 $22.3M Add +0.6%
NVDA Nvidia Corp. 4.18% 157,390 $21.1M Reduce -4.9%
CCL Carnival Corp. 3.69% 749,053 $18.7M Reduce -5.1%
UBER Uber Technologies Inc. 3.22% 269,377 $16.2M Reduce -27.2%
META Meta Platforms Inc. Class A 2.94% 25,378 $14.9M Reduce -2.7%
V Visa Inc. Class A 2.84% 45,344 $14.3M Reduce -4.1%
IBIT iShares Bitcoin Trust ETF 2.61% 248,544 $13.2M Add +2.4%
WMT Walmart Inc. 1.92% 107,353 $9.7M Add +12.0%
HD Home Depot Inc. 1.83% 23,769 $9.2M Reduce -2.4%
EQT Eqt Corp. 1.81% 198,822 $9.2M Reduce -21.9%
CPA Copa Holdings SA Class A 1.48% 85,335 $7.5M Reduce -21.4%
DKNG Draftkings Inc. Class A 1.44% 195,172 $7.3M Add +7.0%
VIST Vista Energy Sab DE CV 1.43% 133,461 $7.2M Reduce -3.3%
AAPL Apple Inc. 1.42% 28,716 $7.2M Reduce -11.9%
TSM Taiwan Semiconductor-SP ADR 1.42% 36,267 $7.2M Reduce -11.5%
MA Mastercard Inc. Class A 1.29% 12,426 $6.5M Reduce -5.3%
ON On Semiconductor 1.26% 100,595 $6.3M New
MRVL Marvell Technology Inc. 1.21% 55,539 $6.1M Reduce -54.5%
MU Micron Technology Inc. 1.18% 70,752 $6.0M Add +135.0%
PM Philip Morris International 1.14% 47,961 $5.8M Reduce -2.4%
FLEX Flex Ltd. 1.13% 149,219 $5.7M Reduce -5.7%
SPY SS SPDR S&P 500 ETF Trust-US 1.02% 8,768 $5.1M Reduce -47.9%
XLV SS Health Care Select Sector 0.99% 36,328 $5.0M Reduce -6.4%
XYZ Block Inc. 0.98% 58,000 $4.9M New
LLY Eli Lilly & Co. 0.88% 5,750 $4.4M Reduce -5.0%
DELL Dell Technologies -C 0.85% 37,097 $4.3M Add +55.6%
CMG Chipotle Mexican Grill Inc. 0.82% 68,500 $4.1M Reduce -2.8%
BRK.B Berkshire Hathaway Inc. Class B 0.77% 8,578 $3.9M No change
IQV Iqvia Holdings Inc. 0.77% 19,725 $3.9M No change
CZR Caesars Entertainment Inc. 0.77% 115,900 $3.9M Reduce -72.1%
BKNG Booking Holdings Inc. 0.73% 745 $3.7M Reduce -5.2%
SHEL Shell PLC-ADR 0.71% 57,204 $3.6M No change
EMBJ Embraer SA-Spon ADR 0.69% 95,250 $3.5M Add +1.6%
GOOG Alphabet Inc. Class C 0.65% 17,286 $3.3M Reduce -0.9%
COST Costco Wholesale Corp. 0.63% 3,485 $3.2M Reduce -5.8%
SLV iShares Silver Trust 0.50% 96,540 $2.5M Add +19.2%
SMLR Semler Scientific Inc. 0.49% 45,600 $2.5M New
MELI MercadoLibre Inc. 0.47% 1,400 $2.4M Add +7.7%
MO Altria Group Inc. 0.45% 43,616 $2.3M Reduce -0.6%
CRM Salesforce Inc. 0.43% 6,500 $2.2M No change
VNQ Vanguard Real Estate ETF 0.42% 23,900 $2.1M No change
IGV iShares Expanded Tech-Softwa 0.37% 18,500 $1.9M New
QCOM Qualcomm Inc. 0.35% 11,393 $1.8M Add +13.9%
URA Global X Uranium ETF 0.32% 60,750 $1.6M New
XLI SS Industrial Select Sector 0.32% 12,250 $1.6M Reduce -16.9%
HDB HDFC Bank Ltd.-ADR 0.32% 25,100 $1.6M Reduce -1.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.31% 13,100 $1.6M No change
TDG Transdigm Group Inc. 0.31% 1,217 $1.5M Add +49.0%
LPAA Launch One Acquisition Corp. 0.30% 150,000 $1.5M No change
IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP 0.30% 150,000 $1.5M No change
LPBB Launch Two Acquisition Class A 0.30% 150,000 $1.5M New
RSP Invesco S&P 500 Equal Weight 0.29% 8,400 $1.5M New
PSTX Poseida Therapeutics Inc. 0.28% 150,000 $1.4M New
WH Wyndham Hotels & Resorts Inc. 0.28% 14,000 $1.4M Reduce -12.5%
DESP Despegar.com Corp. 0.28% 73,000 $1.4M Reduce -12.1%
SPSM SS SPDR P S&P 600 Small Cap 0.28% 31,000 $1.4M New
ACGL Arch Capital Group Ltd. 0.27% 14,750 $1.4M New
ETN Eaton Corp. PLC 0.27% 4,100 $1.4M No change
SHW The Sherwin-Williams Co. 0.27% 4,000 $1.4M New
MDLZ Mondelez International Inc. Class A 0.27% 22,431 $1.3M Reduce -30.8%
BATRA Atlanta Braves Holdings in-A 0.26% 31,847 $1.3M No change
ARCO Arcos Dorados Holdings Inc. Class A 0.24% 166,538 $1.2M Reduce -1.8%
INFY Infosys Ltd.-SP ADR 0.24% 55,000 $1.2M Reduce -4.3%
PH Parker Hannifin Corp. 0.23% 1,847 $1.2M No change
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 0.22% 59,400 $1.1M Add +84.3%
ARES ACQUISITION CORP II 0.22% 100,000 $1.1M No change
IBAC Ib Acquisition Corp. 0.20% 100,000 $1.0M No change
GBTC Grayscale Bitcoin Trust ETF 0.20% 13,650 $1.0M No change
ALF Centurion Acquisition Corp. 0.20% 100,000 $1.0M No change
CUB Lionheart Holdings Class A 0.20% 100,000 $1.0M No change
TONT Graf Global Corp. Class A 0.20% 100,000 $1.0M No change
MACI Melar Acquisition Corp. I-A 0.20% 100,000 $1.0M No change
VCIC Vine Hill Capital Class A 0.20% 100,000 $1.0M No change
SIMA Sim Acquisition Corp. I-A 0.20% 100,000 $1.0M No change
VACH Voyager Acquisition Corp. 0.20% 100,000 $1.0M No change
CCIR Cohen Circle Acquisitio Class A 0.20% 99,900 $998K New
IBB iShares Biotechnology ETF 0.20% 7,500 $992K No change
RSG Republic Services Inc. 0.19% 4,700 $946K No change
IBN Icici Bank Ltd.-Spon ADR 0.19% 31,500 $941K Reduce -3.1%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.18% 16,300 $927K Reduce -15.5%
CVX Chevron Corp. 0.18% 6,381 $924K Reduce -3.0%
CDNS Cadence Design SYS Inc. 0.18% 3,000 $901K No change
VNM Vaneck Vietnam ETF 0.17% 76,000 $872K Reduce -27.3%
MCK McKesson Corp. 0.17% 1,500 $855K No change
SMH Vaneck Semiconductor ETF 0.17% 3,500 $848K No change
QQQ Invesco QQQ Trust Series 1 0.17% 1,651 $844K Reduce -20.7%
PBR Petroleo Brasileiro-Spon ADR 0.17% 65,000 $836K No change
INDA iShares MSCI India ETF 0.16% 15,300 $805K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 7,158 $797K Reduce -31.6%
GPRK Geopark Ltd. 0.16% 85,500 $793K Reduce -35.1%
CCIX Churchill Capital Corp. Ix 0.15% 75,300 $776K No change
AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR 0.14% 120,500 $689K Add +0.4%
GTX Garrett Motion Inc. 0.13% 75,000 $677K No change
QXO Qxo Inc. 0.13% 42,000 $668K Add +320.0%
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.13% 63,150 $635K No change
AUNA Auna SA Class A 0.12% 88,500 $607K Reduce -35.0%
ILMN Illumina Inc. 0.12% 4,500 $601K Reduce -40.0%
LUMENT FINANCE TRUST INC 0.12% 227,700 $587K Reduce -43.0%
VTI VG Morningstar TS MKT ETF-US 0.11% 1,983 $575K No change
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.11% 13,500 $574K Add +42.1%
ITUB Itau Unibanco H-Spon PRF ADR 0.11% 115,500 $573K Add +73.7%
AMGN Amgen Inc. 0.11% 2,132 $556K New
NN Nextnav Inc. 0.11% 35,000 $545K Reduce -30.0%
TRMB Trimble Inc. 0.11% 7,651 $541K No change
HAYMAKER ACQUISITION CORP 4 0.11% 50,000 $539K No change
ROP Roper Technologies Inc. 0.10% 1,000 $520K New
ACNT Ascent Industries Co. 0.10% 46,378 $519K No change
CEP Cantor Equity Partners Inc. 0.10% 50,000 $518K No change
JNJ Johnson & Johnson 0.10% 3,567 $516K Reduce -0.7%
AEROVATE THERAPEUTICS INC 0.10% 194,124 $514K New
DGRW Wisdomtree U.S. Quality Divi 0.10% 6,300 $510K No change
MLACU Mountain Lake Acquisition Co. 0.10% 50,000 $502K New
RANGU Range Capital Acquisition Co. 0.10% 50,000 $501K New
FTW Eqv Ventures Acquisition C-A 0.10% 50,000 $499K No change
ALDF Aldel Financial II Inc. 0.10% 50,000 $496K New
BEAG Bold Eagle Acquisition Cor-A 0.10% 50,000 $493K New
SNPS Synopsys Inc. 0.10% 1,000 $485K No change
EFX Equifax Inc. 0.10% 1,900 $484K New
GPN Global Payments Inc. 0.10% 4,300 $482K New
JPM JPMorgan Chase & Co. 0.09% 1,925 $461K Reduce -40.3%
ADBE Adobe Inc. 0.09% 1,000 $445K No change
BCIC BCP Investment Corp. filed as PORTMAN RIDGE FIN CORP 0.09% 27,014 $441K No change
FIX Comfort Systems USA Inc. 0.08% 1,000 $424K New
BAP Credicorp Ltd. 0.08% 2,300 $422K Add +64.3%
SIMO Silicon Motion Technol-ADR 0.08% 7,550 $408K New
JACS.U Jackson Acquisition Co. II 0.08% 40,000 $402K New
CHT Chunghwa Telecom LT-Spon ADR 0.08% 10,398 $391K No change
GRAB Grab Holdings Ltd. Class A 0.07% 80,000 $378K Reduce -30.4%
MTB M & T Bank Corp. filed as M & T BK CORP 0.07% 2,000 $376K Add +33.3%
HE Hawaiian Electric Inds 0.07% 36,886 $359K Reduce -26.2%
URI United Rentals Inc. 0.07% 500 $352K No change
BABA Alibaba Group Holding-SP ADR 0.07% 4,075 $346K Reduce -42.8%
TCOM Trip.com Group Ltd.-ADR 0.06% 4,700 $323K Reduce -21.7%
RVNC Revance Therapeutics Inc. 0.06% 100,000 $304K New
FMX Fomento Economico Mex-SP ADR 0.06% 3,500 $299K Reduce -2.8%
BIDU Baidu Inc. - Spon ADR 0.06% 3,500 $295K Reduce -39.1%
FMC FMC Corp. 0.06% 6,000 $292K No change
GGAL Grupo Financiero Galicia-ADR 0.05% 4,200 $262K New
CPNG Coupang Inc. 0.05% 11,500 $253K New
PBR.A Petroleo Brasil-SP Pref ADR 0.05% 20,750 $246K No change
BA The Boeing Co. 0.05% 1,350 $239K No change
MRK Merck & Co. Inc. 0.04% 2,198 $219K No change
TOTL SS Doubleline TR Tact ETF 0.04% 5,400 $213K No change
KRON Kronos Bio Inc. 0.04% 200,000 $190K New
VALE Vale SA-SP ADR 0.04% 20,000 $177K No change
EYPT Eyepoint Inc. 0.03% 20,300 $151K New
PVLA Palvella Therapeutics Inc. 0.03% 12,500 $150K New
STCN Steel Connect Inc. 0.03% 11,597 $145K New
MRNS Marinus Pharmaceuticals Inc. 0.02% 200,000 $107K New
WB Weibo Corp.-Spon ADR 0.02% 10,616 $101K No change
ALTM Arcadium Lithium PLC 0.01% 13,500 $69K No change
XERS Xeris Biopharma Holdings Inc. 0.01% 14,000 $47K No change
ANGI Angi Inc. 0.01% 26,400 $44K No change
IQ Iqiyi Inc.-ADR 0.01% 20,000 $40K No change
MNY Moneyhero Ltd. Class A 0.01% 32,028 $36K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $217K (not counted above)
SecurityClassShares / PrincipalValueChange
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 2,500$216KNew
MNYWW Moneyhero Ltd.-28 *W EXP 09/13/202 23,200$1KNo change

Total filed on the 13F, all lines: $505.5M.

Portfolio Sells Q3 2024 → Q4 2024
CZR Caesars Entertainment Inc. Reduce -72.1% 0.77% −2.66
UBER Uber Technologies Inc. Reduce -27.2% 3.22% −2.27
SPY SS SPDR S&P 500 ETF Trust-US Reduce -47.9% 1.02% −0.89
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.58
AR Antero Resources Corp. Sold out 0.00% −0.55
CPA Copa Holdings SA Class A Reduce -21.4% 1.48% −0.53
MRVL Marvell Technology Inc. Reduce -54.5% 1.21% −0.52
SNOW Snowflake Inc. Sold out 0.00% −0.46
COP Conocophillips Sold out 0.00% −0.35
EVR Evercore Inc. Class A Sold out 0.00% −0.29
TBMC Trailblazer Merger Corp. I Sold out 0.00% −0.24
ESHA Esh Acquisition Corp. Class A Sold out 0.00% −0.21
MDLZ Mondelez International Inc. Class A Reduce -30.8% 0.27% −0.21
BBVA Banco Bilbao Vizcaya-SP ADR Sold out 0.00% −0.20
XLV SS Health Care Select Sector Reduce -6.4% 0.99% −0.19
DDOG Datadog Inc. Class A Sold out 0.00% −0.18
LLY Eli Lilly & Co. Reduce -5.0% 0.88% −0.18
MSFT Microsoft Corp. Reduce -1.2% 5.72% −0.17
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.17
CFFS CF Acquisition Corp. Vii Class A Sold out 0.00% −0.13
HD Home Depot Inc. Reduce -2.4% 1.83% −0.12
MGM MGM Resorts International Sold out 0.00% −0.12
SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −0.11
INTC Intel Corp. Sold out 0.00% −0.11
MAR Marriott International Class A Sold out 0.00% −0.11
USAR USA Rare Earth Inc. Sold out 0.00% −0.11
VNM Vaneck Vietnam ETF Reduce -27.3% 0.17% −0.09
LUMENT FINANCE TRUST INC Reduce -43.0% 0.12% −0.08
CSANY Cosan SA -ADR Sold out 0.00% −0.08
BABA Alibaba Group Holding-SP ADR Reduce -42.8% 0.07% −0.08
AAPL Apple Inc. Reduce -11.9% 1.42% −0.08
XLI SS Industrial Select Sector Reduce -16.9% 0.32% −0.07
ILMN Illumina Inc. Reduce -40.0% 0.12% −0.07
AUNA Auna SA Class A Reduce -35.0% 0.12% −0.07
HLLY Holley Inc. Sold out 0.00% −0.06
BIDU Baidu Inc. - Spon ADR Reduce -39.1% 0.06% −0.06
SONY Sony Group Corp. - SP ADR Sold out 0.00% −0.06
ARCO Arcos Dorados Holdings Inc. Class A Reduce -1.8% 0.24% −0.05
KB KB Financial Group Inc.-ADR Reduce -15.5% 0.18% −0.05
TLK Telkom Indonesia Persero-ADR Sold out 0.00% −0.05
GPRK Geopark Ltd. Reduce -35.1% 0.16% −0.05
SCCO Southern Copper Corp. Sold out 0.00% −0.05
JPM JPMorgan Chase & Co. Reduce -40.3% 0.09% −0.04
GXO Gxo Logistics Inc. Sold out 0.00% −0.04
ASHR Xtrackers Harvest Csi 300 CH Sold out 0.00% −0.04
AMZN Amazon.com Inc. Reduce -15.9% 7.04% −0.04
TXN Texas Instruments Inc. Sold out 0.00% −0.04
DIS The Walt Disney Co. Reduce -31.6% 0.16% −0.04
PM Philip Morris International Reduce -2.4% 1.14% −0.03
QQQ Invesco QQQ Trust Series 1 Reduce -20.7% 0.17% −0.03

Portfolio Buys Q3 2024 → Q4 2024
ON On Semiconductor New 1.26% +1.26
XYZ Block Inc. New 0.98% +0.98
IBIT iShares Bitcoin Trust ETF Add +2.4% 2.61% +0.88
MU Micron Technology Inc. Add +135.0% 1.18% +0.56
SMLR Semler Scientific Inc. New 0.49% +0.49
WMT Walmart Inc. Add +12.0% 1.92% +0.39
IGV iShares Expanded Tech-Softwa New 0.37% +0.37
URA Global X Uranium ETF New 0.32% +0.32
LPBB Launch Two Acquisition Class A New 0.30% +0.30
RSP Invesco S&P 500 Equal Weight New 0.29% +0.29
DELL Dell Technologies -C Add +55.6% 0.85% +0.29
PSTX Poseida Therapeutics Inc. New 0.28% +0.28
SPSM SS SPDR P S&P 600 Small Cap New 0.28% +0.28
ACGL Arch Capital Group Ltd. New 0.27% +0.27
SHW The Sherwin-Williams Co. New 0.27% +0.27
CCIR Cohen Circle Acquisitio Class A New 0.20% +0.20
BBAR Bbva Argentina SA-ADR Add +84.3% 0.22% +0.16
AMGN Amgen Inc. New 0.11% +0.11
ROP Roper Technologies Inc. New 0.10% +0.10
AEROVATE THERAPEUTICS INC New 0.10% +0.10
QXO Qxo Inc. Add +320.0% 0.13% +0.10
MLACU Mountain Lake Acquisition Co. New 0.10% +0.10
RANGU Range Capital Acquisition Co. New 0.10% +0.10
ALDF Aldel Financial II Inc. New 0.10% +0.10
BEAG Bold Eagle Acquisition Cor-A New 0.10% +0.10
EFX Equifax Inc. New 0.10% +0.10
GPN Global Payments Inc. New 0.10% +0.10
FIX Comfort Systems USA Inc. New 0.08% +0.08
SIMO Silicon Motion Technol-ADR New 0.08% +0.08
JACS.U Jackson Acquisition Co. II New 0.08% +0.08
TDG Transdigm Group Inc. Add +49.0% 0.31% +0.08
YPF YPF S.A.-Sponsored ADR Add +42.1% 0.11% +0.07
RVNC Revance Therapeutics Inc. New 0.06% +0.06
GGAL Grupo Financiero Galicia-ADR New 0.05% +0.05
CPNG Coupang Inc. New 0.05% +0.05
SLV iShares Silver Trust Add +19.2% 0.50% +0.05
KRON Kronos Bio Inc. New 0.04% +0.04
EMBJ Embraer SA-Spon ADR Add +1.6% 0.69% +0.04
BAP Credicorp Ltd. Add +64.3% 0.08% +0.03
EYPT Eyepoint Inc. New 0.03% +0.03
PVLA Palvella Therapeutics Inc. New 0.03% +0.03
STCN Steel Connect Inc. New 0.03% +0.03
DKNG Draftkings Inc. Class A Add +7.0% 1.44% +0.03
ITUB Itau Unibanco H-Spon PRF ADR Add +73.7% 0.11% +0.03
MTB M & T Bank Corp. Add +33.3% 0.07% +0.02
MRNS Marinus Pharmaceuticals Inc. New 0.02% +0.02
QCOM Qualcomm Inc. Add +13.9% 0.35% +0.01
AXIAY Axia Energia-ADR Add +0.4% 0.14% −0.03
OCUL Ocular Therapeutix Inc. Add +0.6% 4.42% −0.04
MELI MercadoLibre Inc. Add +7.7% 0.47% −0.05

Notes & Other Activity Q3 2024 → Q4 2024
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 New 2,500 $216K
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 Sold out 31,575 $5Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 258$677.0MGOOGL, AMZN, NVDA, AVGO, DASH
Q1 2026 230$545.3MGOOGL, AMZN, AVGO, NVDA, MSFT
Q4 2025 213$603.0MGOOGL, AVGO, AMZN, MSFT, NVDA
Q3 2025 202$606.1MGOOGL, AMZN, OCUL, MSFT, NVDA
Q2 2025 186$560.5MGOOGL, AMZN, MSFT, AVGO, OCUL
Q1 2025 161$465.0MGOOGL, AMZN, MSFT, OCUL, AVGO
Q4 2024 159$505.3MGOOGL, AMZN, MSFT, AVGO, OCUL
Q3 2024 153$507.1MAMZN, GOOGL, MSFT, UBER, OCUL
Q2 2024 152$522.8MGOOGL, AMZN, MSFT, UBER, NVDA
Q1 2024 152$507.0MAMZN, GOOGL, MSFT, UBER, OCUL