Deltec Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Deltec Asset Management LLC reported 213 stock positions worth $603.0 million. Its top holding was Alphabet Class A (GOOGL) at 9.0% of the portfolio, followed by Broadcom (AVGO, 6.2%) and Amazon.com (AMZN, 5.9%). Compared with Q3 2025, it opened 46 new positions, sold out of 35, added to 25 and reduced 46. The biggest buy was Broadcom (AVGO, shares +13%) and the biggest sale an exit from iShares Bitcoin Trust ETF (IBIT).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001269950
- Portfolio Value
- $603.0M (Q4 2025)
- SEC Filing
- 0000919574-26-000517 ↗ filed Jan 29, 2026
Holdings Value
Holdings 213 stocks · $603.0M
| GOOGL Alphabet Inc. Class A | 8.98% | 172,943 | $54.1M | Reduce -4.8% |
| AVGO Broadcom Inc. | 6.17% | 107,572 | $37.2M | Add +13.1% |
| AMZN Amazon.com Inc. | 5.93% | 155,001 | $35.8M | Add +0.3% |
| MSFT Microsoft Corp. | 5.71% | 71,225 | $34.4M | Add +15.8% |
| NVDA Nvidia Corp. | 5.28% | 170,709 | $31.8M | Add +1.4% |
| OCUL Ocular Therapeutix Inc. | 5.01% | 2,487,934 | $30.2M | Reduce -9.9% |
| CCL Carnival Corp. | 3.32% | 654,694 | $20.0M | Add +11.6% |
| META Meta Platforms Inc. Class A | 2.98% | 27,184 | $17.9M | Add +3.8% |
| V Visa Inc. Class A | 2.64% | 45,403 | $15.9M | Reduce -0.3% |
| UBER Uber Technologies Inc. | 2.17% | 159,815 | $13.1M | Reduce -11.6% |
| WMT Walmart Inc. | 2.11% | 114,267 | $12.7M | No change |
| TSM Taiwan Semiconductor-SP ADR | 1.91% | 37,867 | $11.5M | Reduce -4.3% |
| LLY Eli Lilly & Co. | 1.56% | 8,750 | $9.4M | No change |
| HD Home Depot Inc. | 1.36% | 23,767 | $8.2M | No change |
| EQT Eqt Corp. | 1.35% | 152,139 | $8.2M | Reduce -4.4% |
| URA Global X Uranium ETF | 1.31% | 185,100 | $7.9M | Reduce -34.4% |
| NCLH Norwegian Cruise Line Holdin | 1.27% | 343,633 | $7.7M | Reduce -29.9% |
| TSLA Tesla Inc. | 1.19% | 16,015 | $7.2M | Reduce -22.3% |
| AAPL Apple Inc. | 1.19% | 26,337 | $7.2M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 1.17% | 12,364 | $7.1M | No change |
| FLEX Flex Ltd. | 1.15% | 115,252 | $7.0M | Reduce -25.8% |
| PM Philip Morris International | 1.13% | 42,370 | $6.8M | Reduce -6.4% |
| VIST Vista Energy Sab DE CV | 1.04% | 128,761 | $6.3M | Reduce -10.0% |
| MNKD Mannkind Corp. | 0.92% | 974,700 | $5.5M | Add +34.7% |
| EMBJ Embraer SA-Spon ADR | 0.87% | 81,500 | $5.2M | Reduce -3.5% |
| MRVL Marvell Technology Inc. | 0.87% | 61,515 | $5.2M | Add +57.7% |
| IGV iShares Expanded Tech-Softwa | 0.86% | 49,100 | $5.2M | Reduce -10.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.84% | 7,456 | $5.1M | Reduce -3.9% |
| XLV SS Health Care Select Sector | 0.84% | 32,610 | $5.0M | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 0.84% | 16,065 | $5.0M | Reduce -3.7% |
| CPA Copa Holdings SA Class A | 0.76% | 37,900 | $4.6M | Reduce -3.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.71% | 8,578 | $4.3M | No change |
| SHEL Shell PLC-ADR | 0.69% | 56,471 | $4.1M | Reduce -1.3% |
| ETN Eaton Corp. PLC | 0.68% | 12,850 | $4.1M | Add +27.2% |
| BSX Boston Scientific Corp. | 0.67% | 42,300 | $4.0M | Reduce -1.2% |
| CSCO Cisco Systems Inc. | 0.61% | 47,446 | $3.7M | Reduce -15.2% |
| GEV GE Vernova Inc. | 0.54% | 5,000 | $3.3M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.54% | 21,100 | $3.2M | No change |
| COST Costco Wholesale Corp. | 0.50% | 3,485 | $3.0M | No change |
| MELI MercadoLibre Inc. | 0.47% | 1,415 | $2.9M | Add +6.0% |
| MTUM iShares MSCI USA Momentum Fa | 0.47% | 11,300 | $2.8M | No change |
| JBL Jabil Inc. | 0.43% | 11,500 | $2.6M | Add +15.0% |
| MO Altria Group Inc. | 0.40% | 41,632 | $2.4M | Reduce -1.4% |
| ORLY O'reilly Automotive Inc. | 0.39% | 25,890 | $2.4M | Add +86.4% |
| PH Parker Hannifin Corp. | 0.38% | 2,627 | $2.3M | No change |
| DASH DoorDash Inc. Class A | 0.38% | 10,000 | $2.3M | New |
| JPM JPMorgan Chase & Co. | 0.37% | 6,925 | $2.2M | No change |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.35% | 58,250 | $2.1M | Reduce -2.1% |
| C Citigroup Inc. | 0.34% | 17,605 | $2.1M | No change |
| AR Antero Resources Corp. | 0.32% | 56,000 | $1.9M | Reduce -71.6% |
| XLI SS Industrial Select Sector | 0.32% | 12,250 | $1.9M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.30% | 9,317 | $1.8M | No change |
| HDB HDFC Bank Ltd.-ADR | 0.29% | 47,200 | $1.7M | Reduce -2.1% |
| GS Goldman Sachs Group Inc. | 0.28% | 1,900 | $1.7M | No change |
| VNM Vaneck Vietnam ETF | 0.27% | 86,000 | $1.6M | No change |
| LPBB Launch Two Acquisition Class A | 0.26% | 150,000 | $1.6M | No change |
| SZZL Sizzle Acquisition Corp. Class A | 0.25% | 150,000 | $1.5M | No change |
| SOUL Soulpower Acquisition Co. Class A | 0.25% | 150,000 | $1.5M | No change |
| BA The Boeing Co. | 0.25% | 7,000 | $1.5M | Add +418.5% |
| ALK Alaska Air Group Inc. | 0.25% | 30,000 | $1.5M | New |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.25% | 17,500 | $1.5M | No change |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELET BRAS SA | 0.25% | 163,500 | $1.5M | Add +12.4% |
| TBBB BBB Foods Inc. Class A | 0.25% | 44,500 | $1.5M | Add +239.7% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.23% | 76,500 | $1.4M | Reduce -3.8% |
| GGAL Grupo Financiero Galicia-ADR | 0.23% | 25,500 | $1.4M | Add +19.7% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.23% | 29,330 | $1.4M | Reduce -26.4% |
| BATRA Atlanta Braves Holdings in-A | 0.22% | 31,847 | $1.4M | No change |
| GLD SPDR Gold Shares | 0.22% | 3,350 | $1.3M | New |
| SYK Stryker Corp. | 0.22% | 3,690 | $1.3M | No change |
| AMD Advanced Micro Devices | 0.21% | 6,000 | $1.3M | New |
| COF Capital One Financial Corp. | 0.21% | 5,300 | $1.3M | New |
| SPGI S&P Global Inc. | 0.21% | 2,450 | $1.3M | No change |
| XBI SS SPDR S&P Biotech ETF | 0.20% | 10,000 | $1.2M | New |
| MDLZ Mondelez International Inc. Class A | 0.20% | 22,402 | $1.2M | No change |
| BURL Burlington Stores Inc. | 0.19% | 4,000 | $1.2M | New |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.19% | 155,400 | $1.1M | Reduce -6.6% |
| VCIC Vine Hill Capital Class A | 0.18% | 100,000 | $1.1M | No change |
| TONT Graf Global Corp. Class A | 0.18% | 100,000 | $1.1M | No change |
| VACH Voyager Acquisition Corp. | 0.18% | 100,000 | $1.1M | No change |
| ALF Centurion Acquisition Corp. | 0.18% | 100,000 | $1.1M | No change |
| CUB Lionheart Holdings Class A | 0.18% | 100,000 | $1.1M | No change |
| MACI Melar Acquisition Corp. I-A | 0.18% | 100,000 | $1.1M | No change |
| LPAA Launch One Acquisition Corp. | 0.18% | 100,000 | $1.1M | No change |
| SIMA Sim Acquisition Corp. I-A | 0.18% | 100,000 | $1.1M | No change |
| IBN Icici Bank Ltd.-Spon ADR | 0.18% | 35,500 | $1.1M | No change |
| WH Wyndham Hotels & Resorts Inc. | 0.18% | 14,000 | $1.1M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 1,701 | $1.0M | Add +3.0% |
| TACH Titan Acquisition Corp. Class A | 0.17% | 100,000 | $1.0M | No change |
| JENA Jena Acquisition Corp. II - A | 0.17% | 100,000 | $1.0M | No change |
| VNQ Vanguard Real Estate ETF | 0.17% | 11,450 | $1.0M | Reduce -8.0% |
| SAC.U Safeguard Acquisition Corp. | 0.17% | 100,000 | $1.0M | New |
| QXO Qxo Inc. | 0.17% | 52,161 | $1.0M | Reduce -61.1% |
| OTGA Otg Acquisition Corp. I Class A | 0.17% | 100,000 | $1.0M | No change |
| EMIS Emmis Acquisition Corp. Class A | 0.16% | 100,000 | $993K | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.16% | 137,658 | $986K | Add +3.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.16% | 22,000 | $939K | New |
| INFY Infosys Ltd.-SP ADR | 0.15% | 51,500 | $918K | Reduce -10.4% |
| GBTC Grayscale Bitcoin Trust ETF | 0.15% | 13,250 | $906K | No change |
| SMH Vaneck Semiconductor ETF | 0.15% | 2,500 | $900K | No change |
| BABA Alibaba Group Holding-SP ADR | 0.14% | 5,825 | $854K | Add +9.4% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $520K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 5,013 | $500K | Add +100.5% |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 83,855 | $7K | Add +19.8% |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | 43,500 | $7K | Reduce -56.5% |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 44,500 | $6K | Reduce -11.0% |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 23,200 | $993 | No change |
Total filed on the 13F, all lines: $603.5M.
Portfolio Sells Q3 2025 → Q4 2025
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −1.00 |
| URA Global X Uranium ETF | Reduce -34.4% | 1.31% | −0.91 |
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −0.82 |
| AR Antero Resources Corp. | Reduce -71.6% | 0.32% | −0.77 |
| UBER Uber Technologies Inc. | Reduce -11.6% | 2.17% | −0.76 |
| NCLH Norwegian Cruise Line Holdin | Reduce -29.9% | 1.27% | −0.72 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.59 |
| SMLR Semler Scientific Inc. | Sold out | 0.00% | −0.55 |
| BTU Peabody Energy Corp. | Reduce -83.1% | 0.10% | −0.43 |
| FLEX Flex Ltd. | Reduce -25.8% | 1.15% | −0.33 |
| OCUL Ocular Therapeutix Inc. | Reduce -9.9% | 5.01% | −0.32 |
| TSLA Tesla Inc. | Reduce -22.3% | 1.19% | −0.32 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.30 |
| QXO Qxo Inc. | Reduce -61.1% | 0.17% | −0.25 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.25 |
| MTSI Macom Technology Solutions H | Sold out | 0.00% | −0.24 |
| IMSR Terrestrial Energy Inc. | Sold out | 0.00% | −0.20 |
| IGV iShares Expanded Tech-Softwa | Reduce -10.2% | 0.86% | −0.18 |
| IBAC Ib Acquisition Corp. | Sold out | 0.00% | −0.17 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.16 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.15 |
| SCPH Scpharmaceuticals Inc. | Sold out | 0.00% | −0.14 |
| DAL Delta Air Lines Inc. | Reduce -78.3% | 0.05% | −0.14 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.14 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.14 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.13 |
| GPRK Geopark Ltd. | Reduce -77.9% | 0.03% | −0.10 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.10 |
| AUNA Auna SA Class A | Reduce -88.4% | 0.01% | −0.09 |
| BKNG Booking Holdings Inc. | Reduce -47.4% | 0.10% | −0.09 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.09 |
| PVLA Palvella Therapeutics Inc. | Reduce -80.8% | 0.04% | −0.09 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.09 |
| PM Philip Morris International | Reduce -6.4% | 1.13% | −0.08 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.08 |
| EQT Eqt Corp. | Reduce -4.4% | 1.35% | −0.08 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -26.4% | 0.23% | −0.08 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.07 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.07 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.06 |
| MO Altria Group Inc. | Reduce -1.4% | 0.40% | −0.06 |
| MGRM Monogram Technologies Inc. | Sold out | 0.00% | −0.06 |
| MURA Mural Oncology PLC | Sold out | 0.00% | −0.06 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.06 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.06 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.05 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.04 |
| BTC Grayscale Bitcoin Mini ETF | Sold out | 0.00% | −0.04 |
| GXO Gxo Logistics Inc. | Sold out | 0.00% | −0.04 |
| CHAC Crane Harbor Acqu Corp. Class A | Reduce -25.0% | 0.13% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Add +13.1% | 6.17% | +1.00 |
| GEV GE Vernova Inc. | New | 0.54% | +0.54 |
| CCL Carnival Corp. | Add +11.6% | 3.32% | +0.52 |
| MSFT Microsoft Corp. | Add +15.8% | 5.71% | +0.46 |
| DASH DoorDash Inc. Class A | New | 0.38% | +0.38 |
| AMZN Amazon.com Inc. | Add +0.3% | 5.93% | +0.33 |
| MRVL Marvell Technology Inc. | Add +57.7% | 0.87% | +0.33 |
| MNKD Mannkind Corp. | Add +34.7% | 0.92% | +0.28 |
| ALK Alaska Air Group Inc. | New | 0.25% | +0.25 |
| GLD SPDR Gold Shares | New | 0.22% | +0.22 |
| AMD Advanced Micro Devices | New | 0.21% | +0.21 |
| COF Capital One Financial Corp. | New | 0.21% | +0.21 |
| BA The Boeing Co. | Add +418.5% | 0.25% | +0.20 |
| XBI SS SPDR S&P Biotech ETF | New | 0.20% | +0.20 |
| BURL Burlington Stores Inc. | New | 0.19% | +0.19 |
| TBBB BBB Foods Inc. Class A | Add +239.7% | 0.25% | +0.19 |
| SAC.U Safeguard Acquisition Corp. | New | 0.17% | +0.17 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.16% | +0.16 |
| ORLY O'reilly Automotive Inc. | Add +86.4% | 0.39% | +0.14 |
| GPACU General Purpose Acquisition | New | 0.13% | +0.13 |
| GGAL Grupo Financiero Galicia-ADR | Add +19.7% | 0.23% | +0.13 |
| PANW Palo Alto Networks Inc. | New | 0.13% | +0.13 |
| ALUB.U Alussa Energy Acquisition Co. | New | 0.13% | +0.13 |
| DSACU Daedalus Special Acquisition | New | 0.12% | +0.12 |
| LKSP Lake Superior Acquisiti Class A | New | 0.12% | +0.12 |
| AVDL Avadel Pharmaceuticals Ltd. | New | 0.11% | +0.11 |
| NVDA Nvidia Corp. | Add +1.4% | 5.28% | +0.10 |
| WFC Wells Fargo & Co. | New | 0.09% | +0.09 |
| MRSN Mersana Therapeutics Inc. | New | 0.09% | +0.09 |
| EW Edwards Lifesciences Corp. | New | 0.08% | +0.08 |
| CCXIU Churchill Capital Corp. Xi | New | 0.08% | +0.08 |
| CRANU Crane Harbor Acquisition Cor | New | 0.08% | +0.08 |
| SBXE.U Silverbox Corp. V | New | 0.08% | +0.08 |
| VHCPU Vine Hill Capital Investment | New | 0.08% | +0.08 |
| BLRKU Bluerock Acquisition Corp. | New | 0.08% | +0.08 |
| IBKR Interactive Brokers Gro Class A | New | 0.08% | +0.08 |
| BMA Banco Macro SA-ADR | Add +27.7% | 0.12% | +0.08 |
| JBL Jabil Inc. | Add +15.0% | 0.43% | +0.08 |
| SPOT Spotify Technology SA | New | 0.07% | +0.07 |
| ANET Arista Networks Inc. | New | 0.07% | +0.07 |
| NKE Nike Inc. Class B | New | 0.07% | +0.07 |
| DELL Dell Technologies -C | New | 0.06% | +0.06 |
| APLT Applied Therapeutics Inc. | New | 0.06% | +0.06 |
| FCX Freeport-McMoran Inc. | Add +50.0% | 0.13% | +0.06 |
| AXICY Axia Energia-ADR Pref C | New | 0.06% | +0.06 |
| ETN Eaton Corp. PLC | Add +27.2% | 0.68% | +0.06 |
| VINP Vinci Compass Investments LT | New | 0.05% | +0.05 |
| URI United Rentals Inc. | Add +98.0% | 0.13% | +0.05 |
| RNGT Range Capital Acquisit Class A | New | 0.05% | +0.05 |
| MMYT Makemytrip Ltd. | New | 0.05% | +0.05 |
Notes & Other Activity Q3 2025 → Q4 2025
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | Add +100.5% | 5,013 | $500K |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | Add +19.8% | 83,855 | $7K |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | Reduce -56.5% | 43,500 | $7K |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | Reduce -11.0% | 44,500 | $6K |
| SOCAW Solarius Capital Acqui -30 | *W EXP 07/10/203 | Sold out | 25,000 | $6Kbefore exit |
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 |