Equitec Proprietary Markets, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Equitec Proprietary Markets, LLC reported 30 stock positions worth $24.7 million . Its top holding was Blueprint Medicines (BPMC) at 48.0% of the portfolio, followed by Kellanova (K, 27.9% ) and Kayne Anderson BDC (KBDC, 7.5% ). Compared with Q1 2025, it opened 7 new positions, sold out of 7, added to 5 and reduced 5. The biggest buy was a new position in Blueprint Medicines (BPMC) and the biggest sale an exit from United States Steel (X).
Location CHICAGO, IL
CIK 0001143261
Portfolio Value $24.7M (Q2 2025) Holdings 30 stocks · $24.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 BPMC Blueprint Medicines Corp. 92,500 $11.9M New K Kellanova 86,560 $6.9M Add +161.8% KBDC Kayne Anderson BDC Inc. 121,998 $1.9M Add +50.0% SPR Spirit Aerosystems Hold Class A 21,700 $828K Add +22.6% SAGE Sage Therapeutics Inc. 63,900 $583K New WBA Walgreens Boots Alliance Inc. 44,600 $512K Add +23.9% CDZI Cadiz Inc. 108,046 $323K No change BW Babcock & Wilcox Enterpr 325,928 $314K Reduce -0.4% KLG WK Kellogg Co. 18,125 $289K Reduce -10.1% JNPR Juniper Networks Inc. 6,500 $260K New TFSL TFS Financial Corp. 17,675 $229K New GME Gamestop Corp. Class A 8,625 $210K Reduce -39.4% RDFN Redfin Corp. 18,000 $201K New PMCB Pharmacyte Biotech Inc. 82,727 $90K No change TLT iShares 20+ Year Treasury BD 800 $71K No change SSTK Shutterstock Inc. 3,000 $57K New VERV Verve Therapeutics Inc. 4,900 $55K New TMC TMC the Metals Co. Inc. 4,000 $26K No change GOOG Alphabet Inc. Class C 100 $18K Reduce -50.0% AWRE Aware Inc. 7,000 $13K No change SIRI Sirius XM Holdings Inc. 520 $12K Add +8.3% TEUCRIUM WHEAT FUND 1,000 $4K No change JD Jd.com Inc.-ADR 125 $4K No change SABR Sabre Corp. 1,000 $3K No change AMC AMC Entertainment HLDS Class A 971 $3K No change PROSHARES TR II 100 $2K No change MJ Amplify Alternat Harvest ETF 83 $1K No change SPY SS SPDR S&P 500 ETF Trust-US 2 $1K Reduce -100.0% HE Hawaiian Electric Inds 75 $797 No change ASSET ENTITIES INC 160 $600 No change
Options reported separately and not counted above: BPMC puts ($17.5M), PARAA puts ($13.7M), K puts ($13.6M), K calls ($11.7M), FL calls ($8.0M), PARAA calls ($5.4M), WBA calls ($1.7M), AMED puts ($1.3M), WBA puts ($1.0M), SAGE puts ($1.0M), VERV puts ($955K), SIRI calls ($903K), and 11 more.
Other holdings (12): bonds, preferreds, convertibles and warrants · $378K (not counted above) Security Class Shares / Principal Value Change BBAI.WS Bigbear.ai Holdings -CW28 *W EXP 12/08/202 75,000 $180K Reduce -11.8% RGTIW Rigetti Computing -CW27 *W EXP 03/02/202 32,000 $134K New QBTS.WS D-Wave Quantum Inc. -27 *W EXP 08/05/202 5,300 $52K No change LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 102,835 $5K Add +55.8% NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 5,000 $2K No change ICUCW LMF Acquisition Opp -A -CW26 *W EXP 10/28/202 80,399 $2K No change MSPRW MSP Recovery Inc. -27 *W EXP 05/20/202 500,000 $1K No change CLSKW Cleanspark Inc.-29 *W EXP 12/29/202 2,045 $870 No change DRTSW Alpha Tau Medical Ltd. -27 *W EXP 99/99/999 1,900 $418 No change PARAW 7GC & Co. Holdings Class A -CW26 *W EXP 12/14/202 5,000 $124 No change ANGHW Anghami Inc. -CW27 *W EXP 02/03/202 2,500 $30 No change SONWQ Gores Metropoulos II -CW28 *W EXP 01/18/202 2,600 $24 No change
Total filed on the 13F, all lines: $25.1M.
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ X United States Steel Corp. Sold out 0.00% −29.15 SPY SS SPDR S&P 500 ETF Trust-US Reduce -100.0% 0.01% −24.14 ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −20.91 AMED Amedisys Inc. Sold out 0.00% −4.53 BLUEBIRD BIO INC Sold out 0.00% −1.55 ALTG Alta Equipment Group Inc. Sold out 0.00% −0.75 GME Gamestop Corp. Class A Reduce -39.4% 0.85% −0.06 AB Alliancebernstein Holding LP Sold out 0.00% −0.06 GOOG Alphabet Inc. Class C Reduce -50.0% 0.07% −0.02 DAMON INC Sold out 0.00% 0.00 KLG WK Kellogg Co. Reduce -10.1% 1.17% +0.01 BW Babcock & Wilcox Enterpr Reduce -0.4% 1.27% +0.64
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ BPMC Blueprint Medicines Corp. New 47.98% +47.98 K Kellanova Add +161.8% 27.86% +20.01 KBDC Kayne Anderson BDC Inc. Add +50.0% 7.53% +3.74 SAGE Sage Therapeutics Inc. New 2.36% +2.36 SPR Spirit Aerosystems Hold Class A Add +22.6% 3.35% +1.60 JNPR Juniper Networks Inc. New 1.05% +1.05 TFSL TFS Financial Corp. New 0.93% +0.93 WBA Walgreens Boots Alliance Inc. Add +23.9% 2.07% +0.91 RDFN Redfin Corp. New 0.81% +0.81 SSTK Shutterstock Inc. New 0.23% +0.23 VERV Verve Therapeutics Inc. New 0.22% +0.22 SIRI Sirius XM Holdings Inc. Add +8.3% 0.05% +0.02
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ BPMC Blueprint Medicines Corp. put New 136,500 $17.5M SPY SS SPDR S&P 500 ETF Trust-US call Sold out 30,000 $16.8Mbefore exit ITCI Intra-Cellular Therapies Inc. put Sold out 115,200 $15.2Mbefore exit PARAA Paramount Global Class B put Reduce -15.8% 1,064,100 $13.7M K Kellanova put Add +195.8% 170,700 $13.6M X United States Steel Corp. put Sold out 319,400 $13.5Mbefore exit K Kellanova call Add +27.5% 147,400 $11.7M FL Foot Locker Inc. call New 325,200 $8.0M X United States Steel Corp. call Sold out 154,300 $6.5Mbefore exit PARAA Paramount Global Class B call Reduce -51.3% 417,900 $5.4M ITCI Intra-Cellular Therapies Inc. call Sold out 28,800 $3.8Mbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Sold out 5,000 $2.8Mbefore exit WBA Walgreens Boots Alliance Inc. call Add +198.6% 149,600 $1.7M AMED Amedisys Inc. put Reduce -43.5% 13,100 $1.3M WBA Walgreens Boots Alliance Inc. put Add +10.7% 91,300 $1.0M SAGE Sage Therapeutics Inc. put New 113,500 $1.0M VERV Verve Therapeutics Inc. put New 85,000 $955K AB Alliancebernstein Holding LP put Sold out 24,200 $927Kbefore exit SIRI Sirius XM Holdings Inc. call Add +227.5% 39,300 $903K SPR Spirit Aerosystems Hold Class A put Add +33.3% 20,000 $763K BLUEBIRD BIO INC put Sold out 151,800 $741Kbefore exit HRI Herc Holdings Inc. call New 5,000 $658K HRI Herc Holdings Inc. put New 5,000 $658K AB Alliancebernstein Holding LP call Sold out 11,300 $433Kbefore exit JNPR Juniper Networks Inc. put New 10,000 $399K VERV Verve Therapeutics Inc. call New 28,500 $320K MSFT Microsoft Corp. put New 500 $249K RDFN Redfin Corp. put New 18,000 $201K PDCO Patterson Cos Inc. call Sold out 6,000 $187Kbefore exit CKPT Checkpoint Therapeutics Inc. call Sold out 22,800 $92Kbefore exit CMRX Chimerix Inc. call Sold out 2,500 $21Kbefore exit CKPT Checkpoint Therapeutics Inc. put Sold out 5,000 $20Kbefore exit FL Foot Locker Inc. put New 100 $2K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025 Security Class Change vs Q1 2025 Shares / Principal Value ▼ BBAI.WS Bigbear.ai Holdings -CW28 *W EXP 12/08/202 Reduce -11.8% 75,000 $180K RGTIW Rigetti Computing -CW27 *W EXP 03/02/202 New 32,000 $134K LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 Add +55.8% 102,835 $5K
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 42 $404.0M APLD, RILY, ZIM, EA, BW Q1 2026 34 $43.2M HOLX, ZIM, TERN, ACLX, TPH Q4 2025 36 $20.6M CDTX, HOLX, PSKY, EA, KBDC Q3 2025 33 $16.5M K, PSKY, EA, ETNB, KBDC Q2 2025 30 $24.7M BPMC, K, KBDC, SPR, SAGE Q1 2025 30 $34.8M X, SPY, ITCI, K, AMED Q4 2024 28 $14.6M X, PARAA, CDZI, AMED, SPR Q3 2024 29 $10.9M X, SIRI, AMED, PARAA, MGRC Q2 2024 34 $13.1M SPY, X, AMED, EVBG, DDI Q1 2024 Amended 44 $56.3M APLD, RILY, MSTR, NVDA, AMED