Flat Footed LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Flat Footed LLC reported 6 stock positions worth $137.6 million. Its top holding was Brookdale Senior Living (BKD) at 41.7% of the portfolio, followed by Diversified Healthcare Trust (DHC, 39.3%) and Tidewater (TDW, 7.4%). Compared with Q3 2024, it opened 1 new position, added to 1 and reduced 3. The biggest buy was Brookdale Senior Living (BKD, shares +85%) and the biggest sale Consol Energy (shares −52%).

Most Recent 13F
Q2 2026
Location
WILSON, WY
CIK
0001799456
Portfolio Value
$137.6M (Q4 2024)
SEC Filing
0001799456-25-000003 ↗ filed Feb 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $150.4M Q1 2024 Q2 2024: $211.8M Q2 2024 Q3 2024: $170.6M Q3 2024 Q4 2024: $137.6M $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 6 stocks · $137.6M
BKD Brookdale Senior Living Inc. 41.67% 11,401,757 $57.4M Add +84.9%
DHC Diversified Healthcare Trust 39.25% 23,487,000 $54.0M No change
TDW Tidewater Inc. 7.41% 186,329 $10.2M New
KODK Eastman Kodak Co. 7.01% 1,467,988 $9.6M Reduce -48.9%
CONSOL ENERGY INC 4.07% 52,483 $5.6M Reduce -52.3%
SMHI Seacor Marine Holdings Inc. 0.59% 124,678 $818K Reduce -77.2%

Options reported separately and not counted above: WELL puts ($92.4M), GDX calls ($79.8M), TGNA puts ($14.2M), TDW calls ($9.6M), CONSOL ENERGY INC calls ($7.7M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $52.6M (not counted above)
SecurityClassShares / PrincipalValueChange
BROOKDALE SENIOR LIVING (BKD 2 10/15/26) NOTE 2.000%10/1 · principal 32,834,000$29.4MAdd +95.5%
BROOKDALE SENIOR LIVING (BKD 7 11/15/25) UNIT 11/15/2025 336,378$23.2MNo change

Total filed on the 13F, all lines: $190.3M.

Portfolio Sells Q3 2024 → Q4 2024
CONSOL ENERGY INC Reduce -52.3% 4.07% −2.68
SMHI Seacor Marine Holdings Inc. Reduce -77.2% 0.59% −2.50
KODK Eastman Kodak Co. Reduce -48.9% 7.01% −0.93

Portfolio Buys Q3 2024 → Q4 2024
BKD Brookdale Senior Living Inc. Add +84.9% 41.67% +17.13
TDW Tidewater Inc. New 7.41% +7.41

Options Activity Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 554,000 $317.9Mbefore exit
TSLA Tesla Inc. put Sold out 702,700 $183.8Mbefore exit
BX Blackstone Inc. put Sold out 767,500 $117.5Mbefore exit
WELL Welltower Inc. put Reduce -40.9% 733,200 $92.4M
GDX Vaneck Gold Miners ETF call Add +18.3% 2,352,100 $79.8M
IWM iShares Russell 2000 ETF put Sold out 275,500 $60.9Mbefore exit
VLO Valero Energy Corp. put Sold out 284,800 $38.5Mbefore exit
KKR KKR & Co. Inc. put Sold out 219,300 $28.6Mbefore exit
MPC Marathon Petroleum Corp. put Sold out 169,300 $27.6Mbefore exit
PSX Phillips 66 put Sold out 204,200 $26.8Mbefore exit
TGNA Tegna Inc. put Add +465.6% 774,800 $14.2M
TDW Tidewater Inc. call New 174,600 $9.6M
DINO HF Sinclair Corp. put Sold out 184,700 $8.2Mbefore exit
CONSOL ENERGY INC call Reduce -19.6% 71,900 $7.7M
AX Axos Financial Inc. put Sold out 113,500 $7.1Mbefore exit
OWL Blue Owl Capital Inc. put Sold out 100,000 $1.9Mbefore exit
MGA Magna International Inc. put Sold out 9,000 $369Kbefore exit

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

Notes & Other Activity Q3 2024 → Q4 2024
BROOKDALE SENIOR LIVING (BKD 2 10/15/26) NOTE 2.000%10/1 · principal Add +95.5% 32,834,000 $29.4M

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