Gambit Capital Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 11, 2026), Gambit Capital Management, LLC reported 102 stock positions worth $171.5 million. Its top holding was Eli Lilly (LLY) at 17.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 9.0%) and Vanguard S&P 500 ETF (VOO, 7.8%). Compared with Q1 2026, it opened 19 new positions, sold out of 4, added to 50 and reduced 28. The biggest buy was Simplify Health Care ETF (PINK, shares +168%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −2%).

Most Recent 13F
Q2 2026
Location
FRANKLIN, TN
CIK
0002107464
Portfolio Value
$171.5M (Q2 2026)
SEC Filing
0001951757-26-001223 ↗ filed Aug 11, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2025: $139.8M Q4 2025 Q1 2026: $139.5M Q1 2026 Q2 2026: $171.5M $171.5M Q2 2026

Holdings 102 stocks · $171.5M
LLY Eli Lilly & Co. 17.48% 24,997 $30.0M Reduce -3.9%
SPY SS SPDR S&P 500 ETF Trust-US 9.04% 20,760 $15.5M Add +17.4%
VOO Vanguard S&P 500 ETF 7.77% 19,407 $13.3M Reduce -2.0%
SPYM Ste STR SPDR PT S&P 500 ETF 7.49% 146,217 $12.8M Add +3.6%
SCHX Schwab US Large-Cap ETF 3.78% 220,435 $6.5M Reduce -2.4%
RSP Invesco S&P 500 Equal Weight 3.77% 30,420 $6.5M Add +12.3%
QUAL iShares MSCI USA Quality Fac 3.19% 24,934 $5.5M Add +14.6%
SPDW Ste STR SPDR PT DW Eu ETF 2.76% 93,792 $4.7M Add +5.7%
EFA iShares MSCI Eafe ETF 2.44% 40,214 $4.2M Reduce -0.2%
PINK Simplify Health Care ETF 1.73% 75,889 $3.0M Add +167.9%
AAPL Apple Inc. 1.66% 9,814 $2.8M Add +6.2%
BIL SS SPDR BB 1-3M T-Bill ETF 1.61% 30,145 $2.8M Add +12.1%
SCHO Schwab Short-Term US Treas 1.50% 106,572 $2.6M Add +54.9%
BRK.B Berkshire Hathaway Inc. Class B 1.30% 4,441 $2.2M Add +2.2%
SPSM SS SPDR P S&P 600 Small Cap 1.29% 38,481 $2.2M Add +1.4%
SCHF Schwab Intl Equity ETF 1.24% 76,463 $2.1M Add +4.2%
SPAB SS SPDR P Agg Bond ETF 1.14% 76,746 $2.0M Add +7.1%
MSFT Microsoft Corp. 1.02% 4,680 $1.7M Add +0.2%
GOOGL Alphabet Inc. Class A 0.99% 4,731 $1.7M Add +9.1%
NVDA Nvidia Corp. 0.92% 7,898 $1.6M Add +10.7%
BSCR Invesco Bulletshares 2027 CB 0.92% 80,074 $1.6M Reduce -5.4%
IWM iShares Russell 2000 ETF 0.90% 5,134 $1.5M Reduce -1.5%
AMZN Amazon.com Inc. 0.88% 6,343 $1.5M Add +4.9%
GLDM SPDR Gold Minishares Trust 0.88% 18,924 $1.5M Add +42.7%
SCHZ Schwab US Aggregate Bond ETF 0.85% 63,287 $1.5M Reduce -0.4%
BSCQ Invesco Bulletshares 2026 CB 0.75% 65,993 $1.3M Reduce -18.7%
ETHA iShares Ethereum Trust ETF 0.75% 107,582 $1.3M Add +5.2%
JPM JPMorgan Chase & Co. 0.71% 3,710 $1.2M Add +0.4%
PTL Inspire 500 ETF 0.69% 4,112 $1.2M New
EEM iShares MSCI Emerging Market 0.63% 15,911 $1.1M Reduce -0.9%
BND Vanguard Total Bond Market 0.63% 14,789 $1.1M Add +13.8%
MDY State Street SPDR S&P Midcap 0.60% 1,475 $1.0M Reduce -1.1%
BSCS Invesco Bulletshares 2028 CB 0.59% 49,627 $1.0M Reduce -3.6%
DFUS Dimensional US Eq MKT ETF 0.57% 11,860 $972K Reduce -1.8%
APG Api Group Corp. 0.56% 22,853 $968K No change
VBIL Vanguard 0-3M T-Bill ETF 0.54% 12,131 $918K Add +50.0%
VTI VG Morningstar TS MKT ETF-US 0.53% 2,452 $907K Reduce -1.2%
DGRW Wisdomtree U.S. Quality Divi 0.49% 8,878 $849K Add +2.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.46% 9,138 $787K Reduce -0.3%
XLK SS Technology Select Sector 0.45% 4,039 $770K Reduce -1.5%
AVUV Avantis US Small Cap Value 0.44% 6,064 $757K Add +23.0%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.44% 14,168 $748K Reduce -1.2%
TIP iShares Tips Bond ETF 0.41% 6,388 $699K Reduce -1.0%
SPMD SS SPDR P S&P 400 Midcap ETF 0.40% 10,210 $690K Reduce -1.4%
IEI iShares 3-7 Year Treasury Bo 0.39% 5,682 $667K Add +126.5%
ABBV Abbvie Inc. 0.39% 2,640 $664K Add +4.1%
COST Costco Wholesale Corp. 0.38% 691 $646K Add +2.7%
VWO Vanguard Ftse Emerging Marke 0.37% 10,772 $643K Add +38.3%
TSLA Tesla Inc. 0.37% 1,517 $638K Add +8.7%
SCHP Schwab U.S. Tips ETF 0.37% 24,036 $637K Add +29.6%
META Meta Platforms Inc. Class A 0.37% 1,112 $626K Add +11.4%
MINT PIMCO Enhanced Short Maturit 0.36% 6,197 $625K Add +2.6%
GOOG Alphabet Inc. Class C 0.36% 1,768 $625K Add +9.1%
AVGO Broadcom Inc. 0.36% 1,645 $621K Add +2.2%
SCHA Schwab US Small-Cap ETF 0.35% 16,407 $593K Reduce -1.1%
SPEM State Street SP PTF Em ETF 0.34% 11,240 $582K Add +3.2%
OEF iShares S&P 100 ETF 0.32% 1,507 $551K New
SCHW Schwab (charles) Corp. 0.32% 5,856 $540K Reduce -0.7%
SCHE Schwab Emrg Mrkts Eqty ETF 0.29% 13,876 $503K Add +0.0%
NUE Nucor Corp. 0.29% 2,228 $496K Reduce -9.6%
JNJ Johnson & Johnson 0.29% 1,950 $495K Add +0.4%
VT Vanguard Tot World STK ETF 0.27% 2,920 $458K No change
V Visa Inc. Class A 0.26% 1,316 $452K Add +1.2%
XLE SS Energy Select Sector 0.24% 7,833 $416K Add +0.8%
LRCX Lam Research Corp. 0.23% 927 $402K Reduce -20.7%
WWJD Inspire International ETF 0.23% 10,472 $399K New
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.22% 1,109 $381K Reduce -11.3%
PTLC Pacer Trendpilot US Large Ca 0.22% 6,359 $370K No change
MUB iShares National Muni Bond E 0.21% 3,315 $357K Add +0.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.20% 1,434 $348K Add +0.1%
AVDE Avantis International Equity 0.20% 3,885 $347K No change
NFLX Netflix Inc. 0.20% 4,851 $346K Add +7.2%
RTX RTX Corp. 0.19% 1,752 $332K Add +2.8%
CSCO Cisco Systems Inc. 0.19% 2,706 $318K New
ISMD Inspire Small/Mid Cap ETF 0.18% 6,344 $317K New
AMD Advanced Micro Devices 0.18% 531 $308K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 1,096 $308K Add +5.4%
DFCF Dimensional Core Fixed Inc. 0.18% 7,185 $303K New
WMT Walmart Inc. 0.17% 2,619 $297K Add +5.5%
GLD SPDR Gold Shares 0.16% 761 $280K Reduce -6.8%
MA Mastercard Inc. Class A 0.16% 541 $278K Add +4.8%
GLW Corning Inc. 0.16% 1,084 $277K New
AGGY Wisdomtree Yield Enhanced US 0.16% 6,295 $274K New
ORCL Oracle Corp. 0.15% 1,740 $255K Reduce -11.3%
CAT Caterpillar Inc. 0.15% 236 $251K New
UNP Union Pacific Corp. 0.14% 904 $246K Add +6.9%
UNH Unitedhealth Group Inc. 0.14% 591 $246K New
SCHM Schwab US Mid Cap ETF 0.14% 6,598 $243K Reduce -1.4%
MMM 3M Co. 0.14% 1,482 $240K Add +1.2%
ABT Abbott Laboratories 0.14% 2,578 $234K Add +4.2%
HDV iShares Core High Dividend E 0.14% 8,525 $234K New
FV First Trust DW Focus 5 Fund 0.14% 3,075 $233K New
PANW Palo Alto Networks Inc. 0.13% 671 $229K New
CAH Cardinal Health Inc. 0.13% 963 $229K Reduce -20.4%
VTP Vngrd Totl Inflt Pro Sec ETF 0.13% 2,980 $228K New
MU Micron Technology Inc. 0.13% 193 $223K New
XOM Exxon Mobil Corp. 0.13% 1,628 $223K Add +4.0%
AAAU Goldman Sachs Physical Gold 0.13% 5,420 $214K Reduce -4.2%
WRBY Warby Parker Inc. Class A 0.12% 6,863 $208K New
NVO Novo-Nordisk A/S-Spons ADR 0.12% 4,260 $204K New
NEO Neogenomics Inc. 0.09% 11,039 $161K New
PCT Purecycle Technologies Inc. 0.09% 19,200 $156K No change

Options reported separately and not counted above: ELI LILLY & CO puts ($303K).

Portfolio Sells Q1 2026 → Q2 2026
VOO Vanguard S&P 500 ETF Reduce -2.0% 7.77% −0.71
BSCQ Invesco Bulletshares 2026 CB Reduce -18.7% 0.75% −0.39
EFA iShares MSCI Eafe ETF Reduce -0.2% 2.44% −0.37
SCHX Schwab US Large-Cap ETF Reduce -2.4% 3.78% −0.37
JAAA Janus Henderson Aaa Clo ETF Sold out 0.00% −0.33
BSCR Invesco Bulletshares 2027 CB Reduce -5.4% 0.92% −0.28
SCHZ Schwab US Aggregate Bond ETF Reduce -0.4% 0.85% −0.20
BSCS Invesco Bulletshares 2028 CB Reduce -3.6% 0.59% −0.16
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.16
FERG Ferguson Enterprises Inc. Sold out 0.00% −0.15
XLV SS Health Care Select Sector Sold out 0.00% −0.14
TIP iShares Tips Bond ETF Reduce -1.0% 0.41% −0.10
GLD SPDR Gold Shares Reduce -6.8% 0.16% −0.09
SCHW Schwab (charles) Corp. Reduce -0.7% 0.32% −0.08
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -1.2% 0.44% −0.07
AAAU Goldman Sachs Physical Gold Reduce -4.2% 0.13% −0.06
ORCL Oracle Corp. Reduce -11.3% 0.15% −0.06
MDY State Street SPDR S&P Midcap Reduce -1.1% 0.60% −0.05
CAH Cardinal Health Inc. Reduce -20.4% 0.13% −0.05
DFUS Dimensional US Eq MKT ETF Reduce -1.8% 0.57% −0.05
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -11.3% 0.22% −0.05
VTI VG Morningstar TS MKT ETF-US Reduce -1.2% 0.53% −0.04
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -1.4% 0.40% −0.04
IWM iShares Russell 2000 ETF Reduce -1.5% 0.90% −0.03
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.3% 0.46% −0.02
EEM iShares MSCI Emerging Market Reduce -0.9% 0.63% −0.02
NUE Nucor Corp. Reduce -9.6% 0.29% −0.01
SCHM Schwab US Mid Cap ETF Reduce -1.4% 0.14% −0.01
SCHA Schwab US Small-Cap ETF Reduce -1.1% 0.35% −0.00
LRCX Lam Research Corp. Reduce -20.7% 0.23% +0.06
XLK SS Technology Select Sector Reduce -1.5% 0.45% +0.06
LLY Eli Lilly & Co. Reduce -3.9% 17.48% +0.34

Portfolio Buys Q1 2026 → Q2 2026
PINK Simplify Health Care ETF Add +167.9% 1.73% +1.05
SPY SS SPDR S&P 500 ETF Trust-US Add +17.4% 9.04% +0.80
PTL Inspire 500 ETF New 0.69% +0.69
OEF iShares S&P 100 ETF New 0.32% +0.32
SCHO Schwab Short-Term US Treas Add +54.9% 1.50% +0.30
WWJD Inspire International ETF New 0.23% +0.23
QUAL iShares MSCI USA Quality Fac Add +14.6% 3.19% +0.20
CSCO Cisco Systems Inc. New 0.19% +0.19
ISMD Inspire Small/Mid Cap ETF New 0.18% +0.18
AMD Advanced Micro Devices New 0.18% +0.18
DFCF Dimensional Core Fixed Inc. New 0.18% +0.18
IEI iShares 3-7 Year Treasury Bo Add +126.5% 0.39% +0.18
GLW Corning Inc. New 0.16% +0.16
AGGY Wisdomtree Yield Enhanced US New 0.16% +0.16
CAT Caterpillar Inc. New 0.15% +0.15
UNH Unitedhealth Group Inc. New 0.14% +0.14
HDV iShares Core High Dividend E New 0.14% +0.14
FV First Trust DW Focus 5 Fund New 0.14% +0.14
PANW Palo Alto Networks Inc. New 0.13% +0.13
VTP Vngrd Totl Inflt Pro Sec ETF New 0.13% +0.13
MU Micron Technology Inc. New 0.13% +0.13
WRBY Warby Parker Inc. Class A New 0.12% +0.12
NVO Novo-Nordisk A/S-Spons ADR New 0.12% +0.12
VBIL Vanguard 0-3M T-Bill ETF Add +50.0% 0.54% +0.10
NEO Neogenomics Inc. New 0.09% +0.09
GOOGL Alphabet Inc. Class A Add +9.1% 0.99% +0.09
VWO Vanguard Ftse Emerging Marke Add +38.3% 0.37% +0.07
AVUV Avantis US Small Cap Value Add +23.0% 0.44% +0.05
RSP Invesco S&P 500 Equal Weight Add +12.3% 3.77% +0.05
GOOG Alphabet Inc. Class C Add +9.1% 0.36% +0.03
NVDA Nvidia Corp. Add +10.7% 0.92% +0.03
SCHP Schwab U.S. Tips ETF Add +29.6% 0.37% +0.02
AVGO Broadcom Inc. Add +2.2% 0.36% +0.01
TSLA Tesla Inc. Add +8.7% 0.37% 0.00
IBM Intl Business Machines Corp. Add +5.4% 0.18% −0.00
UNP Union Pacific Corp. Add +6.9% 0.14% −0.00
GLDM SPDR Gold Minishares Trust Add +42.7% 0.88% −0.00
ABBV Abbvie Inc. Add +4.1% 0.39% −0.01
MMM 3M Co. Add +1.2% 0.14% −0.01
V Visa Inc. Class A Add +1.2% 0.26% −0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.1% 0.20% −0.02
SPSM SS SPDR P S&P 600 Small Cap Add +1.4% 1.29% −0.02
AMZN Amazon.com Inc. Add +4.9% 0.88% −0.02
MA Mastercard Inc. Class A Add +4.8% 0.16% −0.02
AAPL Apple Inc. Add +6.2% 1.66% −0.03
SPEM State Street SP PTF Em ETF Add +3.2% 0.34% −0.03
SCHE Schwab Emrg Mrkts Eqty ETF Add +0.0% 0.29% −0.03
RTX RTX Corp. Add +2.8% 0.19% −0.04
MUB iShares National Muni Bond E Add +0.1% 0.21% −0.04
META Meta Platforms Inc. Class A Add +11.4% 0.37% −0.04

Options Activity Q1 2026 → Q2 2026
STATE STR SPDR S&P 500 ETF T put Sold out 3,300 $2.1Mbefore exit
STATE STR SPDR S&P 500 ETF T call Sold out 1,300 $845Kbefore exit
ELI LILLY & CO put Reduce -98.7% 40 $303K

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 102$171.5MLLY, SPY, VOO, SPYM, SCHX
Q1 2026 87$139.5MLLY, VOO, SPY, SPYM, SCHX
Q4 2025 86$139.8MLLY, VOO, SPY, SPYM, SCHX