Deltec Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Deltec Asset Management LLC reported 186 stock positions worth $560.5 million. Its top holding was Alphabet Class A (GOOGL) at 6.5% of the portfolio, followed by Amazon.com (AMZN, 6.5%) and Microsoft (MSFT, 5.5%). Compared with Q1 2025, it opened 49 new positions, sold out of 24, added to 29 and reduced 43. The biggest buy was Global X Uranium ETF (URA, shares +211%) and the biggest sale an exit from Dell Technologies -C (DELL).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001269950
- Portfolio Value
- $560.5M (Q2 2025)
- SEC Filing
- 0000919574-25-004128 ↗ filed Jul 18, 2025
Holdings Value
Holdings 186 stocks · $560.5M
| GOOGL Alphabet Inc. Class A | 6.53% | 207,576 | $36.6M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 6.49% | 165,785 | $36.4M | Add +2.8% |
| MSFT Microsoft Corp. | 5.49% | 61,872 | $30.8M | Reduce -10.1% |
| AVGO Broadcom Inc. | 4.69% | 95,275 | $26.3M | Reduce -13.8% |
| OCUL Ocular Therapeutix Inc. | 4.63% | 2,794,892 | $25.9M | Add +2.9% |
| NVDA Nvidia Corp. | 4.55% | 161,342 | $25.5M | Add +12.6% |
| CCL Carnival Corp. | 4.31% | 858,588 | $24.1M | Add +4.5% |
| UBER Uber Technologies Inc. | 3.50% | 210,158 | $19.6M | Reduce -12.6% |
| META Meta Platforms Inc. Class A | 3.45% | 26,208 | $19.3M | Reduce -1.1% |
| V Visa Inc. Class A | 2.86% | 45,115 | $16.0M | No change |
| WMT Walmart Inc. | 2.01% | 115,017 | $11.2M | Reduce -3.0% |
| URA Global X Uranium ETF | 1.96% | 282,350 | $11.0M | Add +211.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.62% | 40,067 | $9.1M | No change |
| EQT Eqt Corp. | 1.61% | 155,102 | $9.0M | Reduce -22.0% |
| HD Home Depot Inc. | 1.55% | 23,767 | $8.7M | Reduce -0.0% |
| PM Philip Morris International | 1.49% | 45,923 | $8.4M | Reduce -1.8% |
| MRVL Marvell Technology Inc. | 1.25% | 90,185 | $7.0M | Reduce -5.6% |
| MA Mastercard Inc. Class A | 1.24% | 12,387 | $7.0M | Reduce -0.1% |
| FLEX Flex Ltd. | 1.23% | 138,419 | $6.9M | Reduce -15.7% |
| IGV iShares Expanded Tech-Softwa | 1.21% | 61,700 | $6.8M | Add +140.1% |
| CPA Copa Holdings SA Class A | 1.16% | 59,375 | $6.5M | Reduce -15.8% |
| VIST Vista Energy Sab DE CV | 1.15% | 134,361 | $6.4M | Reduce -2.2% |
| NCLH Norwegian Cruise Line Holdin | 1.12% | 308,300 | $6.3M | Add +351.4% |
| AAPL Apple Inc. | 1.05% | 28,630 | $5.9M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.94% | 6,750 | $5.3M | Add +17.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 8,298 | $5.1M | Reduce -5.2% |
| TSLA Tesla Inc. | 0.91% | 15,985 | $5.1M | Add +33.2% |
| XLV SS Health Care Select Sector | 0.87% | 36,030 | $4.9M | Reduce -0.7% |
| EMBJ Embraer SA-Spon ADR | 0.83% | 82,000 | $4.7M | Reduce -6.0% |
| XYZ Block Inc. | 0.79% | 65,000 | $4.4M | Reduce -63.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.74% | 8,578 | $4.2M | No change |
| AR Antero Resources Corp. | 0.74% | 103,000 | $4.1M | New |
| SHEL Shell PLC-ADR | 0.72% | 57,204 | $4.0M | No change |
| CSCO Cisco Systems Inc. | 0.70% | 56,446 | $3.9M | New |
| SMLR Semler Scientific Inc. | 0.70% | 100,932 | $3.9M | Add +112.0% |
| CMG Chipotle Mexican Grill Inc. | 0.68% | 68,300 | $3.8M | Reduce -18.2% |
| ETN Eaton Corp. PLC | 0.64% | 10,100 | $3.6M | No change |
| COST Costco Wholesale Corp. | 0.62% | 3,485 | $3.4M | No change |
| IBIT iShares Bitcoin Trust ETF | 0.57% | 52,650 | $3.2M | Add +353.9% |
| MELI MercadoLibre Inc. | 0.57% | 1,215 | $3.2M | Reduce -8.0% |
| GOOG Alphabet Inc. Class C | 0.55% | 17,286 | $3.1M | No change |
| BSX Boston Scientific Corp. | 0.54% | 28,300 | $3.0M | Add +335.4% |
| MTUM iShares MSCI USA Momentum Fa | 0.48% | 11,300 | $2.7M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.46% | 21,100 | $2.6M | Add +61.1% |
| CRM Salesforce Inc. | 0.46% | 9,500 | $2.6M | Add +46.1% |
| MO Altria Group Inc. | 0.44% | 42,269 | $2.5M | Reduce -0.8% |
| RSP Invesco S&P 500 Equal Weight | 0.36% | 11,240 | $2.0M | No change |
| JPM JPMorgan Chase & Co. | 0.36% | 6,925 | $2.0M | No change |
| UNH Unitedhealth Group Inc. | 0.36% | 6,420 | $2.0M | New |
| CZR Caesars Entertainment Inc. | 0.34% | 67,871 | $1.9M | Reduce -37.1% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.34% | 61,000 | $1.9M | Add +28.4% |
| HDB HDFC Bank Ltd.-ADR | 0.34% | 24,600 | $1.9M | Reduce -7.5% |
| PH Parker Hannifin Corp. | 0.33% | 2,627 | $1.8M | No change |
| XLI SS Industrial Select Sector | 0.32% | 12,250 | $1.8M | No change |
| ARES ACQUISITION CORP II | 0.30% | 150,000 | $1.7M | Add +50.0% |
| BATRA Atlanta Braves Holdings in-A | 0.28% | 31,847 | $1.6M | No change |
| LPBB Launch Two Acquisition Class A | 0.28% | 150,000 | $1.6M | No change |
| C Citigroup Inc. | 0.28% | 18,125 | $1.5M | Add +19.8% |
| JBL Jabil Inc. | 0.27% | 7,000 | $1.5M | Add +94.4% |
| MDLZ Mondelez International Inc. Class A | 0.27% | 22,431 | $1.5M | No change |
| SZZL Sizzle Acquisition Corp. Class A | 0.27% | 150,000 | $1.5M | New |
| LEN Lennar Corp. Class A | 0.27% | 13,617 | $1.5M | New |
| SOUL Soulpower Acquisition Co. Class A | 0.27% | 150,000 | $1.5M | New |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.25% | 17,000 | $1.4M | Reduce -2.9% |
| GS Goldman Sachs Group Inc. | 0.24% | 1,900 | $1.3M | Add +90.0% |
| ACGL Arch Capital Group Ltd. | 0.24% | 14,750 | $1.3M | No change |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.24% | 81,500 | $1.3M | Reduce -4.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.24% | 31,000 | $1.3M | No change |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.23% | 166,400 | $1.3M | Reduce -1.3% |
| SPGI S&P Global Inc. | 0.23% | 2,450 | $1.3M | New |
| ORLY O'reilly Automotive Inc. | 0.22% | 13,890 | $1.3M | New |
| ANF Abercrombie & Fitch Co. Class A | 0.22% | 15,000 | $1.2M | Reduce -51.1% |
| BKNG Booking Holdings Inc. | 0.22% | 211 | $1.2M | Reduce -75.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.21% | 35,500 | $1.2M | No change |
| VNM Vaneck Vietnam ETF | 0.21% | 86,000 | $1.2M | No change |
| TOL Toll Brothers Inc. | 0.20% | 10,000 | $1.1M | New |
| WH Wyndham Hotels & Resorts Inc. | 0.20% | 14,000 | $1.1M | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.20% | 13,250 | $1.1M | Reduce -0.8% |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.20% | 100,000 | $1.1M | Reduce -13.0% |
| VNQ Vanguard Real Estate ETF | 0.20% | 12,450 | $1.1M | No change |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR | 0.19% | 145,500 | $1.1M | No change |
| INDA iShares MSCI India ETF | 0.19% | 19,400 | $1.1M | Add +26.8% |
| INFY Infosys Ltd.-SP ADR | 0.19% | 57,500 | $1.1M | No change |
| SYK Stryker Corp. | 0.19% | 2,690 | $1.1M | Add +35.2% |
| ALF Centurion Acquisition Corp. | 0.19% | 100,000 | $1.1M | No change |
| MACI Melar Acquisition Corp. I-A | 0.19% | 100,000 | $1.1M | No change |
| CUB Lionheart Holdings Class A | 0.19% | 100,000 | $1.1M | No change |
| TONT Graf Global Corp. Class A | 0.19% | 100,000 | $1.0M | No change |
| IBAC Ib Acquisition Corp. | 0.19% | 100,000 | $1.0M | No change |
| SIMA Sim Acquisition Corp. I-A | 0.19% | 100,000 | $1.0M | No change |
| LPAA Launch One Acquisition Corp. | 0.19% | 100,000 | $1.0M | Reduce -33.3% |
| VCIC Vine Hill Capital Class A | 0.19% | 100,000 | $1.0M | No change |
| VACH Voyager Acquisition Corp. | 0.19% | 100,000 | $1.0M | No change |
| FISV Fiserv Inc. | 0.18% | 6,000 | $1.0M | New |
| JENA.U Jena Acquisition Corp. II | 0.18% | 100,000 | $1.0M | New |
| CHAC Crane Harbor Acqu Corp. Class A | 0.18% | 100,000 | $1.0M | New |
| TACH Titan Acquisition Corp. Class A | 0.18% | 100,000 | $1.0M | New |
| GPRK Geopark Ltd. | 0.18% | 152,000 | $991K | Add +69.8% |
| GGAL Grupo Financiero Galicia-ADR | 0.17% | 19,300 | $973K | Add +183.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.16% | 1,651 | $911K | New |
Other holdings (5): bonds, preferreds, convertibles and warrants · $308K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 2,500 | $270K | No change |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 25,000 | $16K | New |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 70,000 | $12K | Add +16.7% |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 36,150 | $10K | New |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 23,200 | $1K | No change |
Total filed on the 13F, all lines: $560.8M.
Portfolio Sells Q1 2025 → Q2 2025
| DELL Dell Technologies -C | Sold out | 0.00% | −1.99 |
| XYZ Block Inc. | Reduce -63.5% | 0.79% | −1.29 |
| ON On Semiconductor | Sold out | 0.00% | −1.04 |
| EQT Eqt Corp. | Reduce -22.0% | 1.61% | −0.67 |
| BKNG Booking Holdings Inc. | Reduce -75.0% | 0.22% | −0.62 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 6.53% | −0.48 |
| FNA Paragon 28 Inc. | Sold out | 0.00% | −0.43 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.36 |
| AAPL Apple Inc. | Reduce -0.2% | 1.05% | −0.32 |
| HD Home Depot Inc. | Reduce -0.0% | 1.55% | −0.32 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -51.1% | 0.22% | −0.28 |
| XLV SS Health Care Select Sector | Reduce -0.7% | 0.87% | −0.27 |
| UBER Uber Technologies Inc. | Reduce -12.6% | 3.50% | −0.27 |
| CPA Copa Holdings SA Class A | Reduce -15.8% | 1.16% | −0.24 |
| CZR Caesars Entertainment Inc. | Reduce -37.1% | 0.34% | −0.24 |
| WMT Walmart Inc. | Reduce -3.0% | 2.01% | −0.23 |
| VIST Vista Energy Sab DE CV | Reduce -2.2% | 1.15% | −0.23 |
| DESP Despegar.com Corp. | Sold out | 0.00% | −0.23 |
| MA Mastercard Inc. Class A | Reduce -0.1% | 1.24% | −0.22 |
| CMG Chipotle Mexican Grill Inc. | Reduce -18.2% | 0.68% | −0.22 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.22 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.22 |
| AEROVATE THERAPEUTICS INC | Sold out | 0.00% | −0.20 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.16 |
| DAL Delta Air Lines Inc. | Reduce -61.1% | 0.09% | −0.16 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.15 |
| LPAA Launch One Acquisition Corp. | Reduce -33.3% | 0.19% | −0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.2% | 0.91% | −0.14 |
| CEP Cantor Equity Partners Inc. | Sold out | 0.00% | −0.12 |
| MO Altria Group Inc. | Reduce -0.8% | 0.44% | −0.11 |
| PM Philip Morris International | Reduce -1.8% | 1.49% | −0.10 |
| EFX Equifax Inc. | Sold out | 0.00% | −0.10 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.10 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.09 |
| BBAR Bbva Argentina SA-ADR | Reduce -4.1% | 0.24% | −0.09 |
| SIMO Silicon Motion Technol-ADR | Reduce -63.0% | 0.07% | −0.08 |
| CVX Chevron Corp. | Reduce -35.1% | 0.07% | −0.08 |
| PI Impinj Inc. | Sold out | 0.00% | −0.07 |
| MSFT Microsoft Corp. | Reduce -10.1% | 5.49% | −0.07 |
| IMSR Terrestrial Energy Inc. | Reduce -13.0% | 0.20% | −0.06 |
| ARCO Arcos Dorados Holdings Inc. Class A | Reduce -1.3% | 0.23% | −0.06 |
| YMM Full Truck Alliance -SPN ADR | Sold out | 0.00% | −0.06 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.04 |
| OPTINOSE INC | Sold out | 0.00% | −0.04 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.04 |
| HDB HDFC Bank Ltd.-ADR | Reduce -7.5% | 0.34% | −0.04 |
| CCIX Churchill Capital Corp. Ix | Reduce -7.0% | 0.13% | −0.04 |
| GTX Garrett Motion Inc. | Reduce -32.6% | 0.09% | −0.04 |
| VLOS Velos Acquisition I Corp. | Reduce -20.8% | 0.10% | −0.04 |
| CEPO Cantor Equity Partners I-A | Reduce -30.0% | 0.07% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| URA Global X Uranium ETF | Add +211.1% | 1.96% | +1.51 |
| NVDA Nvidia Corp. | Add +12.6% | 4.55% | +1.21 |
| CCL Carnival Corp. | Add +4.5% | 4.31% | +0.86 |
| NCLH Norwegian Cruise Line Holdin | Add +351.4% | 1.12% | +0.84 |
| AR Antero Resources Corp. | New | 0.74% | +0.74 |
| IGV iShares Expanded Tech-Softwa | Add +140.1% | 1.21% | +0.71 |
| CSCO Cisco Systems Inc. | New | 0.70% | +0.70 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.48% | +0.48 |
| IBIT iShares Bitcoin Trust ETF | Add +353.9% | 0.57% | +0.46 |
| BSX Boston Scientific Corp. | Add +335.4% | 0.54% | +0.40 |
| UNH Unitedhealth Group Inc. | New | 0.36% | +0.36 |
| OCUL Ocular Therapeutix Inc. | Add +2.9% | 4.63% | +0.35 |
| SMLR Semler Scientific Inc. | Add +112.0% | 0.70% | +0.33 |
| SZZL Sizzle Acquisition Corp. Class A | New | 0.27% | +0.27 |
| LEN Lennar Corp. Class A | New | 0.27% | +0.27 |
| SOUL Soulpower Acquisition Co. Class A | New | 0.27% | +0.27 |
| TSLA Tesla Inc. | Add +33.2% | 0.91% | +0.24 |
| SPGI S&P Global Inc. | New | 0.23% | +0.23 |
| ORLY O'reilly Automotive Inc. | New | 0.22% | +0.22 |
| TOL Toll Brothers Inc. | New | 0.20% | +0.20 |
| FISV Fiserv Inc. | New | 0.18% | +0.18 |
| JENA.U Jena Acquisition Corp. II | New | 0.18% | +0.18 |
| CHAC Crane Harbor Acqu Corp. Class A | New | 0.18% | +0.18 |
| TACH Titan Acquisition Corp. Class A | New | 0.18% | +0.18 |
| JBL Jabil Inc. | Add +94.4% | 0.27% | +0.17 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.16% | +0.16 |
| NPAC New Providence Acquisition-A | New | 0.14% | +0.14 |
| FAC Factorial Energy Inc. | New | 0.13% | +0.13 |
| AON Aon PLC Class A | New | 0.13% | +0.13 |
| GS Goldman Sachs Group Inc. | Add +90.0% | 0.24% | +0.12 |
| TJX TJX Companies Inc. | Add +61.1% | 0.46% | +0.12 |
| QXO Qxo Inc. | Add +250.0% | 0.13% | +0.11 |
| NTAP Netapp Inc. | New | 0.10% | +0.10 |
| NOW ServiceNow Inc. | New | 0.10% | +0.10 |
| ELEV Elevation Oncology Inc. | New | 0.09% | +0.09 |
| GGAL Grupo Financiero Galicia-ADR | Add +183.4% | 0.17% | +0.09 |
| JBS JBS NV-A | New | 0.09% | +0.09 |
| RDAG Republic Digital Acquis Class A | New | 0.09% | +0.09 |
| IPCX Inflection Point Acquisiti-A | New | 0.09% | +0.09 |
| OYSEU Oyster Enterprises II Acquis | New | 0.09% | +0.09 |
| AXINU Axiom Intelligence Acquisiti | New | 0.09% | +0.09 |
| BLUWU Blue Water Acquisition III | New | 0.09% | +0.09 |
| CRM Salesforce Inc. | Add +46.1% | 0.46% | +0.09 |
| LNSR Lensar Inc. | New | 0.08% | +0.08 |
| ARES ACQUISITION CORP II | Add +50.0% | 0.30% | +0.06 |
| APP AppLovin Corp. Class A | New | 0.06% | +0.06 |
| RTAC Renatus Tactical Acquisiti-A | New | 0.05% | +0.05 |
| WENNU Wen Acquisition Corp. | New | 0.05% | +0.05 |
| TVAIU Thayer Ventures Acquisition | New | 0.05% | +0.05 |
| OBAWU Oxley Bridge Acquisition Ltd. | New | 0.04% | +0.04 |
Notes & Other Activity Q1 2025 → Q2 2025
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | New | 25,000 | $16K |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | Add +16.7% | 70,000 | $12K |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | New | 36,150 | $10K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 258 | $677.0M | GOOGL, AMZN, NVDA, AVGO, DASH |
| Q1 2026 | 230 | $545.3M | GOOGL, AMZN, AVGO, NVDA, MSFT |
| Q4 2025 | 213 | $603.0M | GOOGL, AVGO, AMZN, MSFT, NVDA |
| Q3 2025 | 202 | $606.1M | GOOGL, AMZN, OCUL, MSFT, NVDA |
| Q2 2025 | 186 | $560.5M | GOOGL, AMZN, MSFT, AVGO, OCUL |
| Q1 2025 | 161 | $465.0M | GOOGL, AMZN, MSFT, OCUL, AVGO |
| Q4 2024 | 159 | $505.3M | GOOGL, AMZN, MSFT, AVGO, OCUL |
| Q3 2024 | 153 | $507.1M | AMZN, GOOGL, MSFT, UBER, OCUL |
| Q2 2024 | 152 | $522.8M | GOOGL, AMZN, MSFT, UBER, NVDA |
| Q1 2024 | 152 | $507.0M | AMZN, GOOGL, MSFT, UBER, OCUL |