Flat Footed LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Flat Footed LLC reported 5 stock positions worth $150.4 million. Its top holding was Diversified Healthcare Trust (DHC) at 38.4% of the portfolio, followed by Grifols SA-ADR (GRFS, 31.3%) and Brookdale Senior Living (BKD, 16.5%). Compared with Q4 2023, it opened 1 new position, sold out of 6, added to 1 and reduced 2. The biggest buy was Brookdale Senior Living (BKD, shares +9%) and the biggest sale an exit from Tegna (TGNA).

Most Recent 13F
Q2 2026
Location
WILSON, WY
CIK
0001799456
Portfolio Value
$150.4M (Q1 2024)
SEC Filing
0001799456-24-000006 ↗ filed May 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $150.4M $150.4M Q1 2024 Q2 2024: $211.8M Q2 2024 Q3 2024: $170.6M Q3 2024 Q4 2024: $137.6M Q4 2024 Q1 2025: $237.5M Q1 2025 Q2 2025: $337.6M Q2 2025 Q3 2025: $492.2M Q3 2025 Q4 2025: $424.5M Q4 2025 Q1 2026: $299.8M Q1 2026 Q2 2026: $576.6M Q2 2026

Holdings 5 stocks · $150.4M
DHC Diversified Healthcare Trust 38.41% 23,487,000 $57.8M No change
GRFS Grifols SA-ADR 31.25% 7,036,880 $47.0M Reduce -4.4%
BKD Brookdale Senior Living Inc. 16.46% 3,745,330 $24.8M Add +8.5%
SMHI Seacor Marine Holdings Inc. 8.94% 964,709 $13.4M Reduce -12.6%
VTR Ventas Inc. 4.94% 170,525 $7.4M New

Options reported separately and not counted above: DIA puts ($337.7M), TDW puts ($21.9M), GRFS calls ($12.3M), VTR calls ($7.1M), BTU puts ($1.6M), TGNA calls ($1.0M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $45.3M (not counted above)
SecurityClassShares / PrincipalValueChange
BROOKDALE SENIOR LIVING (BKD 7 11/15/25) UNIT 11/15/2025 336,378$30.8MNo change
BROOKDALE SENIOR LIVING (BKD 2 10/15/26) NOTE 2.000%10/1 · principal 14,768,000$14.5MNo change

Total filed on the 13F, all lines: $195.7M.

Portfolio Sells Q4 2023 → Q1 2024
TGNA Tegna Inc. Sold out 0.00% −13.96
UGI Ugi Corp. Sold out 0.00% −9.77
PARR Par Pacific Holdings Inc. Sold out 0.00% −2.52
FANG Diamondback Energy Inc. Sold out 0.00% −1.99
HPK Highpeak Energy Inc. Sold out 0.00% −0.53
SM SM Energy Co. Sold out 0.00% −0.47
GRFS Grifols SA-ADR Reduce -4.4% 31.25% +2.16
SMHI Seacor Marine Holdings Inc. Reduce -12.6% 8.94% +4.19

Portfolio Buys Q4 2023 → Q1 2024
BKD Brookdale Senior Living Inc. Add +8.5% 16.46% +9.59
VTR Ventas Inc. New 4.94% +4.94

Options Activity Q4 2023 → Q1 2024
DIA SS SPDR Dow Jones Indus Avg put Reduce -57.0% 645,600 $337.7M
TDW Tidewater Inc. put New 237,500 $21.9M
TSLA Tesla Inc. put Sold out 68,000 $16.9Mbefore exit
GRFS Grifols SA-ADR call New 1,838,900 $12.3M
VTR Ventas Inc. call New 162,400 $7.1M
UGI Ugi Corp. call Sold out 136,600 $3.4Mbefore exit
BTU Peabody Energy Corp. put New 67,400 $1.6M
HPK Highpeak Energy Inc. call Sold out 90,000 $1.3Mbefore exit
TGNA Tegna Inc. call Reduce -90.9% 69,000 $1.0M
PARR Par Pacific Holdings Inc. call Sold out 9,000 $327Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 20$576.6MDHC, CNR, SVC, HHH, GRFS
Q1 2026 14$299.8MDHC, BKD, TK, ASC, HHH
Q4 2025 14$424.5MCNR, DHC, BKD, TK, ASC
Q3 2025 16$492.2MCNR, BKD, DHC, MATX, JBS
Q2 2025 13$337.6MBKD, DHC, CNR, GRFS, JBS
Q1 2025 10$237.5MBKD, DHC, CNR, GRFS, ES
Q4 2024 6$137.6MBKD, DHC, TDW, KODK, CONSOL ENERGY INC
Q3 2024 5$170.6MDHC, BKD, KODK, CONSOL ENERGY INC, SMHI
Q2 2024 7$211.8MDHC, GRFS, BKD, KODK, SMHI
Q1 2024 5$150.4MDHC, GRFS, BKD, SMHI, VTR