General Equity Holdings LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), General Equity Holdings LP reported 12 stock positions worth $160.0 million. Its top holding was Carvana (CVNA) at 55.9% of the portfolio, followed by Sea Ltd.-ADR (SE, 9.1%) and Nu Holdings Ltd./Cayman Isl-A (NU, 6.1%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 5 and reduced 4. The biggest buy was Sea Ltd.-ADR (SE, shares +171%) and the biggest sale an exit from Alphabet Class C (GOOG).
- Most Recent 13F
- Q2 2026
- Location
- Brooklyn, NY
- CIK
- 0001700362
- Portfolio Value
- $160.0M (Q4 2025)
- SEC Filing
- 0001999371-26-003382 ↗ filed Feb 17, 2026
Holdings Value
Holdings 12 stocks · $160.0M
| CVNA Carvana Co. | 55.93% | 212,096 | $89.5M | Reduce -18.4% |
| SE Sea Ltd.-ADR | 9.13% | 114,568 | $14.6M | Add +171.2% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 6.11% | 584,400 | $9.8M | Reduce -7.9% |
| CPNG Coupang Inc. | 5.50% | 373,285 | $8.8M | Add +127.5% |
| JMIA Jumia Technologies AG-ADR | 5.10% | 653,029 | $8.2M | Add +79.8% |
| ONEW Onewater Marine Inc. Class A | 3.81% | 563,834 | $6.1M | Add +3.2% |
| AMZN Amazon.com Inc. | 3.53% | 24,500 | $5.7M | New |
| FTAI Ftai Aviation Ltd. | 2.74% | 22,300 | $4.4M | No change |
| DASH DoorDash Inc. Class A | 2.68% | 18,912 | $4.3M | New |
| APP AppLovin Corp. Class A | 2.61% | 6,200 | $4.2M | Reduce -47.2% |
| OSCR Oscar Health Inc. Class A | 2.20% | 245,000 | $3.5M | Reduce -5.8% |
| STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN | 0.65% | 593,621 | $1.0M | Add +1.7% |
Portfolio Sells Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −3.82 |
| CVNA Carvana Co. | Reduce -18.4% | 55.93% | −3.74 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −3.24 |
| APP AppLovin Corp. Class A | Reduce -47.2% | 2.61% | −2.53 |
| OSCR Oscar Health Inc. Class A | Reduce -5.8% | 2.20% | −0.79 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -7.9% | 6.11% | −0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| SE Sea Ltd.-ADR | Add +171.2% | 9.13% | +4.54 |
| AMZN Amazon.com Inc. | New | 3.53% | +3.53 |
| DASH DoorDash Inc. Class A | New | 2.68% | +2.68 |
| JMIA Jumia Technologies AG-ADR | Add +79.8% | 5.10% | +2.53 |
| CPNG Coupang Inc. | Add +127.5% | 5.50% | +2.29 |
| STKS One Group Hospitality Inc. | Add +1.7% | 0.65% | −0.40 |
| ONEW Onewater Marine Inc. Class A | Add +3.2% | 3.81% | −1.45 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 13 | $167.5M | CVNA, SE, APP, JMIA, NU |
| Q1 2026 | 11 | $134.7M | CVNA, APP, SE, NU, ONEW |
| Q4 2025 | 12 | $160.0M | CVNA, SE, NU, CPNG, JMIA |
| Q3 2025 | 12 | $164.4M | CVNA, NU, ONEW, APP, SE |
| Q2 2025 | 10 | $132.1M | CVNA, SE, CPNG, ONEW, FOUR |
| Q1 2025 | 6 | $110.3M | CVNA, SE, ONEW, CTRN, OSCR |
| Q4 2024 | 6 | $127.1M | CVNA, SE, ONEW, OSCR, CTRN |
| Q3 2024 | 6 | $143.9M | CVNA, SE, ONEW, OSCR, LMND |
| Q2 2024 | 5 | $163.7M | CVNA, ONEW, PDD, LMND, CDLX |
| Q1 2024 | 4 | $120.4M | CVNA, ONEW, CDLX, PGNY |