GatePass Capital, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), GatePass Capital, LLC reported 155 stock positions worth $190.6 million. Its top holding was Cincinnati Financial (CINF) at 8.3% of the portfolio, followed by iShares 0-1 Year Treasury Bo (SHV, 4.5%) and SRH Total Return Fund (STEW, 4.2%). Compared with Q3 2025, it opened 35 new positions, sold out of 23, added to 63 and reduced 39. The biggest buy was Vicor (VICR, shares +230%) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- INDEPENDENCE, OH
- CIK
- 0002087399
- Portfolio Value
- $190.6M (Q4 2025)
- SEC Filing
- 0002087399-26-000001 ↗ filed Feb 9, 2026
Holdings Value
Holdings 155 stocks · $190.6M
| CINF Cincinnati Financial Corp. | 8.33% | 97,240 | $15.9M | Add +0.0% |
| SHV iShares 0-1 Year Treasury Bo | 4.47% | 77,285 | $8.5M | Reduce -13.4% |
| STEW SRH Total Return Fund Inc. | 4.23% | 434,660 | $8.1M | Add +0.1% |
| MINT PIMCO Enhanced Short Maturit | 4.00% | 76,082 | $7.6M | Reduce -2.5% |
| ADX Adams Diversified Equity | 3.66% | 298,780 | $7.0M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.46% | 9,678 | $6.6M | Add +42.1% |
| JAAA Janus Henderson Aaa Clo ETF | 2.63% | 99,050 | $5.0M | Add +3.7% |
| GBIL Goldman Sachs Access Treasur | 2.59% | 49,400 | $4.9M | Reduce -3.2% |
| NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP | 2.52% | 508,400 | $4.8M | Add +2.5% |
| USFR Wisdomtree Floating Rate Tre | 2.01% | 76,050 | $3.8M | Add +1.0% |
| CVNA Carvana Co. | 1.93% | 8,710 | $3.7M | Add +2.4% |
| VICR Vicor Corp. | 1.90% | 33,000 | $3.6M | Add +230.0% |
| JPST JPMorgan Ultra-Short Income | 1.80% | 67,816 | $3.4M | Add +11.8% |
| VCRB Vanguard Core Bond ETF | 1.50% | 36,605 | $2.9M | New |
| NVDA Nvidia Corp. | 1.48% | 15,127 | $2.8M | Add +15.2% |
| SOFI Sofi Technologies Inc. | 1.38% | 100,122 | $2.6M | Add +0.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.35% | 7,659 | $2.6M | Add +25.6% |
| MAMA Mama's Creations Inc. | 1.21% | 171,185 | $2.3M | Reduce -18.2% |
| TBIL F/M US Treasury 3 Month Bill | 1.19% | 45,500 | $2.3M | Add +177.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.18% | 3,670 | $2.3M | Add +24.1% |
| TPB Turning Point Brands Inc. | 1.14% | 20,000 | $2.2M | Add +76.6% |
| ONDS Ondas Inc. filed as ONDAS HLDGS INC | 1.02% | 200,000 | $2.0M | Add +100.0% |
| SPE Special Opportunities Fund | 1.02% | 131,750 | $1.9M | Reduce -1.9% |
| ZETA Zeta Global Holdings Corp. Class A | 0.99% | 93,000 | $1.9M | Reduce -0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.98% | 20,500 | $1.9M | Reduce -12.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.96% | 30,173 | $1.8M | Add +107.0% |
| AGG iShares Core U.S. Aggregate | 0.94% | 18,025 | $1.8M | Add +20.8% |
| VGSH Vanguard Short-Term Treasury | 0.91% | 29,500 | $1.7M | Reduce -11.9% |
| XONE Bondbloxx BBG 1 Dur US Treas | 0.84% | 32,500 | $1.6M | New |
| VOO Vanguard S&P 500 ETF | 0.80% | 2,421 | $1.5M | Add +16.1% |
| AMZN Amazon.com Inc. | 0.78% | 6,480 | $1.5M | Add +16.7% |
| JPM JPMorgan Chase & Co. | 0.74% | 4,393 | $1.4M | Reduce -9.4% |
| NXDT Nexpoint Diversified Real Es | 0.73% | 362,043 | $1.4M | Reduce -16.5% |
| IVW iShares S&P 500 Growth ETF | 0.70% | 10,847 | $1.3M | Add +39.0% |
| GGZ Gabelli Global Small & M | 0.69% | 88,000 | $1.3M | No change |
| EFV iShares MSCI Eafe Value ETF | 0.69% | 18,319 | $1.3M | Add +85.7% |
| EVLV Evolv Technologies Holdings | 0.68% | 180,000 | $1.3M | Reduce -5.3% |
| STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC | 0.67% | 360,000 | $1.3M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.67% | 2,541 | $1.3M | Add +255.4% |
| WFC Wells Fargo & Co. | 0.66% | 13,536 | $1.3M | Add +19.7% |
| IVE iShares S&P 500 Value ETF | 0.64% | 5,786 | $1.2M | New |
| SPHY SS SPDR P High Yield ETF | 0.64% | 51,800 | $1.2M | Reduce -11.5% |
| VUSB Vanguard Ultra Short Bond Et | 0.64% | 24,500 | $1.2M | Reduce -2.0% |
| AAPL Apple Inc. | 0.63% | 4,388 | $1.2M | Add +24.0% |
| SMRT Smartrent Inc. | 0.61% | 579,022 | $1.2M | Add +9.4% |
| RF Regions Financial Corp. | 0.60% | 42,300 | $1.1M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.59% | 3,599 | $1.1M | Add +62.3% |
| AVGO Broadcom Inc. | 0.56% | 3,065 | $1.1M | Reduce -1.4% |
| MSFT Microsoft Corp. | 0.54% | 2,144 | $1.0M | Add +34.5% |
| HPE Hewlett Packard Enterprise | 0.52% | 41,233 | $990K | Add +0.0% |
| SGOV iShares 0-3 Month Treasury B | 0.50% | 9,500 | $954K | New |
| ABBV Abbvie Inc. | 0.46% | 3,868 | $884K | Add +1.2% |
| IEMG iShares Core MSCI Emerging | 0.46% | 13,131 | $883K | Add +85.3% |
| RTX RTX Corp. | 0.45% | 4,660 | $855K | Add +0.9% |
| SCHB Schwab US Broad Market ETF | 0.44% | 32,097 | $842K | New |
| GOOG Alphabet Inc. Class C | 0.44% | 2,668 | $837K | Add +27.5% |
| PNNT Pennantpark Investment Corp. | 0.43% | 139,100 | $829K | Reduce -0.3% |
| CVX Chevron Corp. | 0.43% | 5,429 | $827K | Add +0.7% |
| PESI Perma-Fix Environmental SVCS | 0.43% | 64,742 | $815K | No change |
| QUAL iShares MSCI USA Quality Fac | 0.42% | 4,076 | $810K | Reduce -30.7% |
| IVV iShares Core S&P 500 ETF | 0.42% | 1,177 | $806K | Reduce -13.8% |
| PSEC Prospect Capital Corp. | 0.42% | 306,150 | $793K | Add +49.5% |
| QCOM Qualcomm Inc. | 0.41% | 4,541 | $777K | Add +0.8% |
| BAM Brookfield Asset Mgmt-A | 0.38% | 13,900 | $728K | New |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.36% | 14,928 | $695K | Reduce -60.7% |
| CELH Celsius Holdings Inc. | 0.36% | 15,005 | $686K | New |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.35% | 46,000 | $676K | No change |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 0.35% | 14,461 | $668K | New |
| MBB iShares MBS ETF | 0.35% | 7,005 | $667K | Add +109.8% |
| EML The Eastern Co. | 0.35% | 33,800 | $666K | No change |
| BW Babcock & Wilcox Enterpr | 0.33% | 100,000 | $634K | New |
| XLG Invesco S&P 500 Top 50 ETF | 0.33% | 10,692 | $634K | Add +161.9% |
| OXLC Oxford Lane Capital Corp. | 0.33% | 42,600 | $624K | Reduce -10.1% |
| SPMO Invesco S&P 500 Momentum ETF | 0.33% | 5,221 | $623K | Add +150.3% |
| META Meta Platforms Inc. Class A | 0.32% | 925 | $611K | Add +83.2% |
| IJR iShares Core S&P Small-Cap E | 0.32% | 5,024 | $604K | Add +49.9% |
| RRGB Red Robin Gourmet Burgers | 0.31% | 148,000 | $599K | Add +89.7% |
| DUOT Duos Technologies Group Inc. | 0.31% | 53,000 | $596K | New |
| BINC iShares Flex I A ETF-Usd Inc. | 0.31% | 11,158 | $589K | New |
| USMV iShares MSCI USA Min Vol Fac | 0.31% | 6,249 | $588K | Reduce -0.0% |
| CRMD Cormedix Inc. | 0.30% | 50,000 | $582K | New |
| GE General Electric filed as GE AEROSPACE | 0.30% | 1,881 | $579K | Add +12.1% |
| PFE Pfizer Inc. | 0.30% | 23,129 | $576K | Reduce -52.8% |
| IGM iShares Expanded Tech Sector | 0.30% | 4,440 | $573K | New |
| FLR Fluor Corp. | 0.28% | 13,500 | $535K | Reduce -16.9% |
| BCIC BCP Investment Corp. | 0.27% | 43,883 | $519K | New |
| VSEC Vse Corp. | 0.27% | 3,000 | $518K | Reduce -9.1% |
| ULST SS Ultra Short TM Bond ETF | 0.26% | 12,000 | $486K | New |
| TY Tri-Continental Corp. | 0.25% | 14,756 | $482K | No change |
| V Visa Inc. Class A | 0.24% | 1,317 | $462K | New |
| CNDT Conduent Inc. | 0.24% | 238,800 | $458K | Add +6.1% |
| WHR Whirlpool Corp. | 0.24% | 6,300 | $454K | Reduce -22.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.24% | 942 | $453K | No change |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.24% | 4,610 | $451K | No change |
| BAI Ishrs AI in and Tech Act ETF | 0.23% | 13,393 | $446K | Add +94.4% |
| STNE Stoneco Ltd. Class A | 0.23% | 30,000 | $444K | No change |
| ABT Abbott Laboratories | 0.23% | 3,524 | $442K | Add +5.3% |
| SHOP Shopify Inc. Class A | 0.23% | 2,674 | $430K | Add +0.2% |
| T AT&T Inc. | 0.22% | 16,687 | $415K | New |
| THRO iShares U.S. Thematic Rotati | 0.21% | 10,559 | $407K | New |
Options reported separately and not counted above: CELH calls ($87K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $3.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | 133,150 | $3.3M | Add +19.9% |
Total filed on the 13F, all lines: $193.9M.
Portfolio Sells Q3 2025 → Q4 2025
| SHV iShares 0-1 Year Treasury Bo | Reduce -13.4% | 4.47% | −1.33 |
| NVDL Granitesh 2X LNG Nvda ETF | Sold out | 0.00% | −0.99 |
| BOOT Boot Barn Holdings Inc. | Sold out | 0.00% | −0.98 |
| BYRN Byrna Technologies Inc. | Sold out | 0.00% | −0.77 |
| GENI Genius Sports Ltd. | Sold out | 0.00% | −0.76 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.68 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -60.7% | 0.36% | −0.68 |
| MINT PIMCO Enhanced Short Maturit | Reduce -2.5% | 4.00% | −0.61 |
| FEIM Frequency Electronics Inc. | Sold out | 0.00% | −0.50 |
| OXFORD LANE CAP CORP | Sold out | 0.00% | −0.47 |
| FIVE Five Below | Sold out | 0.00% | −0.45 |
| PFE Pfizer Inc. | Reduce -52.8% | 0.30% | −0.43 |
| GBIL Goldman Sachs Access Treasur | Reduce -3.2% | 2.59% | −0.42 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -72.5% | 0.12% | −0.38 |
| ARQ Arq Inc. | Sold out | 0.00% | −0.37 |
| JBBB Janus Henderson B-BBB Clo Et | Sold out | 0.00% | −0.34 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.32 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -12.1% | 0.98% | −0.27 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.27 |
| VGSH Vanguard Short-Term Treasury | Reduce -11.9% | 0.91% | −0.25 |
| QUAL iShares MSCI USA Quality Fac | Reduce -30.7% | 0.42% | −0.25 |
| ETH Grayscale Ethereum Staking M | Sold out | 0.00% | −0.23 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −0.22 |
| NXDT Nexpoint Diversified Real Es | Reduce -16.5% | 0.73% | −0.21 |
| SPE Special Opportunities Fund | Reduce -1.9% | 1.02% | −0.21 |
| ET Energy Transfer LP | Reduce -41.1% | 0.21% | −0.20 |
| TIC Tic Solutions Inc. | Sold out | 0.00% | −0.20 |
| PYPL PayPal Holdings Inc. | Reduce -52.0% | 0.11% | −0.18 |
| SPHY SS SPDR P High Yield ETF | Reduce -11.5% | 0.64% | −0.18 |
| EVLV Evolv Technologies Holdings | Reduce -5.3% | 0.68% | −0.17 |
| JPM JPMorgan Chase & Co. | Reduce -9.4% | 0.74% | −0.16 |
| OXLC Oxford Lane Capital Corp. | Reduce -10.1% | 0.33% | −0.14 |
| AIRS Airsculpt Technologies Inc. | Sold out | 0.00% | −0.14 |
| ORCL Oracle Corp. | Reduce -20.3% | 0.13% | −0.14 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.14 |
| WHR Whirlpool Corp. | Reduce -22.2% | 0.24% | −0.14 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.13 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.12 |
| FLR Fluor Corp. | Reduce -16.9% | 0.28% | −0.12 |
| LPTH Lightpath Technologies Inc. Class A | Sold out | 0.00% | −0.12 |
| PNNT Pennantpark Investment Corp. | Reduce -0.3% | 0.43% | −0.12 |
| IVV iShares Core S&P 500 ETF | Reduce -13.8% | 0.42% | −0.11 |
| VZ Verizon Communications Inc. | Reduce -23.6% | 0.19% | −0.11 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -0.2% | 0.99% | −0.10 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -2.0% | 0.64% | −0.09 |
| MAMA Mama's Creations Inc. | Reduce -18.2% | 1.21% | −0.08 |
| AESI Atlas Energy Solutions Inc. | Sold out | 0.00% | −0.07 |
| RSP Invesco S&P 500 Equal Weight | Reduce -22.4% | 0.16% | −0.07 |
| VSEC Vse Corp. | Reduce -9.1% | 0.27% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -9.0% | 0.15% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| VICR Vicor Corp. | Add +230.0% | 1.90% | +1.61 |
| VCRB Vanguard Core Bond ETF | New | 1.50% | +1.50 |
| XONE Bondbloxx BBG 1 Dur US Treas | New | 0.84% | +0.84 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +42.1% | 3.46% | +0.80 |
| TBIL F/M US Treasury 3 Month Bill | Add +177.4% | 1.19% | +0.71 |
| STLN Starling Oncology Inc. | New | 0.67% | +0.67 |
| IVE iShares S&P 500 Value ETF | New | 0.64% | +0.64 |
| ONDS Ondas Inc. | Add +100.0% | 1.02% | +0.57 |
| SGOV iShares 0-3 Month Treasury B | New | 0.50% | +0.50 |
| TPB Turning Point Brands Inc. | Add +76.6% | 1.14% | +0.48 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +255.4% | 0.67% | +0.46 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +107.0% | 0.96% | +0.46 |
| SCHB Schwab US Broad Market ETF | New | 0.44% | +0.44 |
| BAM Brookfield Asset Mgmt-A | New | 0.38% | +0.38 |
| CELH Celsius Holdings Inc. | New | 0.36% | +0.36 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | New | 0.35% | +0.35 |
| BW Babcock & Wilcox Enterpr | New | 0.33% | +0.33 |
| DUOT Duos Technologies Group Inc. | New | 0.31% | +0.31 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.31% | +0.31 |
| CRMD Cormedix Inc. | New | 0.30% | +0.30 |
| IGM iShares Expanded Tech Sector | New | 0.30% | +0.30 |
| EFV iShares MSCI Eafe Value ETF | Add +85.7% | 0.69% | +0.29 |
| GOOGL Alphabet Inc. Class A | Add +62.3% | 0.59% | +0.27 |
| BCIC BCP Investment Corp. | New | 0.27% | +0.27 |
| ULST SS Ultra Short TM Bond ETF | New | 0.26% | +0.26 |
| V Visa Inc. Class A | New | 0.24% | +0.24 |
| T AT&T Inc. | New | 0.22% | +0.22 |
| THRO iShares U.S. Thematic Rotati | New | 0.21% | +0.21 |
| PGR Progressive Corp. | New | 0.20% | +0.20 |
| MNR Mach Natural Resources LP | New | 0.20% | +0.20 |
| XLG Invesco S&P 500 Top 50 ETF | Add +161.9% | 0.33% | +0.19 |
| GT Goodyear Tire & Rubber Co. | New | 0.19% | +0.19 |
| BN Brookfield Corp. | New | 0.19% | +0.19 |
| IEMG iShares Core MSCI Emerging | Add +85.3% | 0.46% | +0.19 |
| SCHD Schwab US DVD Equity ETF | New | 0.19% | +0.19 |
| AVEM Avantis Emerging Markets Eq | New | 0.18% | +0.18 |
| VGT Vanguard Info Tech ETF | New | 0.18% | +0.18 |
| SPMO Invesco S&P 500 Momentum ETF | Add +150.3% | 0.33% | +0.18 |
| SMRT Smartrent Inc. | Add +9.4% | 0.61% | +0.18 |
| VTI VG Morningstar TS MKT ETF-US | Add +25.6% | 1.35% | +0.17 |
| CCIF Carlyle Credit Income Fund | New | 0.17% | +0.17 |
| MBB iShares MBS ETF | Add +109.8% | 0.35% | +0.16 |
| SHLD Global X Defense Tech ETF | New | 0.15% | +0.15 |
| BAC Bank of America Corp. | New | 0.15% | +0.15 |
| IVW iShares S&P 500 Growth ETF | Add +39.0% | 0.70% | +0.15 |
| QQQ Invesco QQQ Trust Series 1 | Add +24.1% | 1.18% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +27.5% | 0.44% | +0.14 |
| GDL GDL Fund | New | 0.13% | +0.13 |
| TSLA Tesla Inc. | New | 0.12% | +0.12 |
| SCHF Schwab Intl Equity ETF | New | 0.11% | +0.11 |
Options Activity Q3 2025 → Q4 2025
| ZETA Zeta Global Holdings Corp. Class A | call | Sold out | 60,000 | $149Kbefore exit |
| ETH Grayscale Ethereum Staking M | call | Sold out | 20,000 | $118Kbefore exit |
| CELH Celsius Holdings Inc. | call | New | 20,000 | $87K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | Add +19.9% | 133,150 | $3.3M |
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 | 186 | $256.7M | CINF, VICR, SPY, CBZ, STEW |
| Q1 2026 | 169 | $202.1M | CINF, SHV, SPY, MINT, STEW |
| Q4 2025 | 155 | $190.6M | CINF, SHV, STEW, MINT, ADX |
| Q3 2025 | 143 | $170.2M | CINF, SHV, STEW, MINT, ADX |
| Q2 2025 | 125 | $149.0M | CINF, SHV, MINT, STEW, ADX |
| Q1 2025 | 113 | $131.9M | CINF, SHV, MINT, STEW, ADX |
| Q4 2024 | 101 | $90.2M | SHV, CVNA, MINT, RDDT, STEW |