Greenland Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Greenland Capital Management LP reported 207 stock positions worth $639.7 million. Its top holding was Visa Class A (V) at 4.2% of the portfolio, followed by Norfolk Southern (NSC, 3.1%) and Amazon.com (AMZN, 2.8%). Compared with Q3 2025, it opened 96 new positions, sold out of 80, added to 42 and reduced 62. The biggest buy was a new position in Cadence Design SYS (CDNS) and the biggest sale an exit from WEC Energy (WEC).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001896430
- Portfolio Value
- $639.7M (Q4 2025)
- SEC Filing
- 0001896430-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 207 stocks · $639.7M
| V Visa Inc. Class A | 4.17% | 76,108 | $26.7M | Add +12.8% |
| NSC Norfolk Southern Corp. | 3.13% | 69,453 | $20.1M | Add +95.3% |
| AMZN Amazon.com Inc. | 2.75% | 76,265 | $17.6M | Add +165.8% |
| WTRG Essential Utilities Inc. | 2.69% | 448,367 | $17.2M | Add +51.9% |
| EA Electronic Arts Inc. | 2.49% | 77,950 | $15.9M | Add +182.3% |
| CDNS Cadence Design SYS Inc. | 2.06% | 42,214 | $13.2M | New |
| CYBR Cyberark Software Ltd./Israel | 1.87% | 26,803 | $12.0M | Add +54.2% |
| ETR Entergy Corp. | 1.77% | 122,167 | $11.3M | Add +13.3% |
| AAPL Apple Inc. | 1.73% | 40,661 | $11.1M | New |
| LNT Alliant Energy Corp. | 1.72% | 168,953 | $11.0M | Reduce -12.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.64% | 34,551 | $10.5M | Add +7.1% |
| CMS CMS Energy Corp. | 1.63% | 148,680 | $10.4M | Reduce -16.1% |
| CNP Centerpoint Energy Inc. | 1.61% | 268,735 | $10.3M | New |
| PCTY Paylocity Holding Corp. | 1.46% | 61,412 | $9.4M | New |
| WELL Welltower Inc. | 1.46% | 50,354 | $9.3M | Reduce -18.3% |
| ED Consolidated Edison Inc. | 1.37% | 88,350 | $8.8M | Add +225.5% |
| CUBE Cubesmart | 1.37% | 242,417 | $8.7M | Add +3363.1% |
| ADI Analog Devices Inc. | 1.36% | 31,968 | $8.7M | New |
| NXPI NXP Semiconductors NV | 1.35% | 39,724 | $8.6M | New |
| CBRE CBRE Group Inc. Class A | 1.33% | 53,057 | $8.5M | Add +30.3% |
| HLT Hilton Worldwide Holdings Inc. | 1.33% | 29,600 | $8.5M | New |
| BKNG Booking Holdings Inc. | 1.31% | 1,569 | $8.4M | New |
| BRSP Brightspire Capital Inc. | 1.30% | 1,485,000 | $8.3M | Add +7.6% |
| OHI Omega Healthcare Investors | 1.25% | 180,000 | $8.0M | Add +36.4% |
| AHR American Healthcare REIT Inc. | 1.20% | 162,817 | $7.7M | Add +78.9% |
| EXPE Expedia Group Inc. | 1.19% | 26,849 | $7.6M | New |
| MAA Mid-America Apartment Comm | 1.19% | 54,707 | $7.6M | New |
| EGP Eastgroup Properties Inc. | 1.15% | 41,446 | $7.4M | Add +452.6% |
| SBAC SBA Communications Corp. | 1.14% | 37,601 | $7.3M | New |
| CIGI Colliers Intl GR-Subord Vot | 1.08% | 47,114 | $6.9M | New |
| LSCC Lattice Semiconductor Corp. | 0.99% | 85,749 | $6.3M | New |
| FRT Federal Realty Invs Trust | 0.98% | 62,277 | $6.3M | New |
| GOOGL Alphabet Inc. Class A | 0.97% | 19,900 | $6.2M | Add +15.4% |
| SLG SL Green Realty Corp. | 0.96% | 133,580 | $6.1M | Add +163.7% |
| LBRDK Liberty Broadband-C | 0.94% | 123,212 | $6.0M | Add +59.3% |
| BXP BXP Inc. | 0.93% | 87,986 | $5.9M | Add +65.8% |
| FE Firstenergy Corp. | 0.90% | 128,540 | $5.8M | New |
| EQIX Equinix Inc. | 0.86% | 7,214 | $5.5M | Reduce -5.3% |
| CTRE Caretrust REIT Inc. | 0.85% | 150,000 | $5.4M | Add +7.1% |
| DUK Duke Energy Corp. | 0.83% | 45,374 | $5.3M | Reduce -54.0% |
| STX Seagate Technology Holdings | 0.81% | 18,809 | $5.2M | New |
| AEP American Electric Power | 0.81% | 44,906 | $5.2M | Reduce -53.1% |
| SPG Simon Property Group Inc. | 0.81% | 27,856 | $5.2M | Add +1226.5% |
| WMT Walmart Inc. | 0.80% | 46,065 | $5.1M | New |
| PEG Public Service Enterprise GP | 0.79% | 62,610 | $5.0M | Reduce -10.2% |
| CDP Copt Defense Properties | 0.77% | 177,993 | $4.9M | Add +41.4% |
| XIFR XPLR Infrastructure LP | 0.74% | 476,159 | $4.8M | Add +93.5% |
| AEE Ameren Corporation | 0.73% | 46,890 | $4.7M | New |
| SBRA Sabra Health Care REIT Inc. | 0.73% | 245,000 | $4.6M | Add +8.9% |
| LQDA Liquidia Corp. | 0.71% | 131,500 | $4.5M | Reduce -30.7% |
| IRT Independence Realty Trust Inc. | 0.67% | 246,633 | $4.3M | Add +796.5% |
| OGS One Gas Inc. | 0.66% | 54,994 | $4.2M | Reduce -26.8% |
| WDC Western Digital Corp. | 0.66% | 24,598 | $4.2M | New |
| CPT Camden Property Trust | 0.59% | 34,417 | $3.8M | New |
| IVT Inventrust Properties Corp. | 0.55% | 125,776 | $3.5M | Add +738.5% |
| TEVA Teva Pharmaceutical-SP ADR | 0.55% | 113,500 | $3.5M | Reduce -9.9% |
| MU Micron Technology Inc. | 0.54% | 12,028 | $3.4M | New |
| BATRK Atlanta Braves Holdings in-C | 0.53% | 86,658 | $3.4M | Reduce -15.5% |
| MPWR Monolithic Power Systems Inc. | 0.53% | 3,739 | $3.4M | New |
| AQN Algonquin Power & Utilities | 0.51% | 531,730 | $3.3M | Reduce -42.7% |
| AVAV Aerovironment Inc. | 0.50% | 13,309 | $3.2M | New |
| WM Waste Management Inc. | 0.50% | 14,640 | $3.2M | Reduce -61.7% |
| XLP SS Consumer Staples Sel Sect | 0.49% | 40,453 | $3.1M | Reduce -25.1% |
| FYBR Frontier Communications Pare | 0.47% | 78,473 | $3.0M | No change |
| ROKU Roku Inc. | 0.46% | 26,982 | $2.9M | Add +1.5% |
| ADC Agree Realty Corp. | 0.41% | 36,435 | $2.6M | Reduce -74.1% |
| KVUE Kenvue Inc. | 0.41% | 151,087 | $2.6M | New |
| SNDK Sandisk Corp. | 0.40% | 10,845 | $2.6M | Add +301.8% |
| MLYS Mineralys Therapeutics Inc. | 0.39% | 69,000 | $2.5M | Reduce -34.8% |
| META Meta Platforms Inc. Class A | 0.38% | 3,710 | $2.4M | Reduce -53.8% |
| EVRG Evergy Inc. | 0.36% | 32,189 | $2.3M | Reduce -78.2% |
| ABVX Abivax SA-ADR | 0.35% | 16,750 | $2.3M | Reduce -33.1% |
| EPRT Essential Properties Realty | 0.34% | 73,835 | $2.2M | New |
| AMD Advanced Micro Devices | 0.34% | 10,182 | $2.2M | New |
| SMCI Super Micro Computer Inc. | 0.34% | 73,803 | $2.2M | New |
| DAY Dayforce Inc. | 0.33% | 30,973 | $2.1M | Add +34.2% |
| SPGI S&P Global Inc. | 0.33% | 4,090 | $2.1M | Reduce -62.2% |
| AVGO Broadcom Inc. | 0.33% | 6,157 | $2.1M | Add +490.9% |
| SPOT Spotify Technology SA | 0.33% | 3,618 | $2.1M | Reduce -2.2% |
| HBM Hudbay Minerals Inc. | 0.33% | 105,000 | $2.1M | Add +40.1% |
| FER Ferrovial NV | 0.32% | 31,529 | $2.0M | New |
| TEL Te Connectivity PLC | 0.32% | 8,927 | $2.0M | New |
| SE Sea Ltd.-ADR | 0.31% | 15,691 | $2.0M | New |
| LULU Lululemon Athletica Inc. | 0.31% | 9,565 | $2.0M | New |
| XYZ Block Inc. | 0.31% | 30,272 | $2.0M | New |
| GTLS Chart Industries Inc. | 0.30% | 9,429 | $1.9M | Add +26.9% |
| AIV Apartment Invt & Mgmt Co. Class A | 0.30% | 325,000 | $1.9M | Add +91.2% |
| MELI MercadoLibre Inc. | 0.29% | 917 | $1.8M | Reduce -16.4% |
| LYV Live Nation Entertainment Inc. | 0.29% | 12,896 | $1.8M | New |
| NXST Nexstar Media Group Inc. | 0.29% | 9,016 | $1.8M | Reduce -31.5% |
| IWM iShares Russell 2000 ETF | 0.27% | 7,138 | $1.8M | Reduce -57.9% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.27% | 14,000 | $1.7M | Add +100.0% |
| TMUS T-Mobile US Inc. | 0.27% | 8,356 | $1.7M | Reduce -24.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 14,895 | $1.7M | New |
| SNAP Snap Inc. Class A | 0.26% | 209,399 | $1.7M | New |
| ABNB Airbnb Inc. Class A | 0.26% | 12,436 | $1.7M | Add +9.8% |
| GOOG Alphabet Inc. Class C | 0.26% | 5,330 | $1.7M | Add +57.2% |
| AON Aon PLC Class A | 0.26% | 4,700 | $1.7M | New |
| FWONK Liberty Media Corp. Class C | 0.25% | 16,519 | $1.6M | Reduce -33.4% |
| Z Zillow Group Inc. Class C | 0.25% | 23,191 | $1.6M | New |
| VST Vistra Corp. | 0.25% | 9,784 | $1.6M | Reduce -72.3% |
| KRE SS SPDR S&P Regional Bank | 0.25% | 24,288 | $1.6M | Add +60.5% |
| MSFT Microsoft Corp. | 0.25% | 3,250 | $1.6M | Reduce -90.8% |
| D Dominion Energy Inc. | 0.24% | 26,260 | $1.5M | Reduce -43.4% |
| BN Brookfield Corp. | 0.24% | 33,500 | $1.5M | Reduce -17.3% |
| ETSY Etsy Inc. | 0.24% | 27,277 | $1.5M | New |
| BNL Broadstone Net Lease Inc. | 0.24% | 87,000 | $1.5M | Add +40.3% |
| CART Maplebear Inc. | 0.23% | 33,279 | $1.5M | New |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.23% | 22,543 | $1.4M | Reduce -2.0% |
| AMH American Homes 4 Rent- A | 0.23% | 45,000 | $1.4M | New |
| EXAS Exact Sciences Corp. | 0.22% | 13,602 | $1.4M | New |
| ARES Ares Management Corp. Class A | 0.21% | 8,450 | $1.4M | New |
| COF Capital One Financial Corp. | 0.21% | 5,518 | $1.3M | New |
| U Unity Software Inc. | 0.21% | 30,000 | $1.3M | New |
| STAG Stag Industrial Inc. | 0.21% | 36,000 | $1.3M | New |
| BRX Brixmor Property Group Inc. | 0.20% | 50,000 | $1.3M | Reduce -82.4% |
| HOLX Hologic Inc. | 0.20% | 17,200 | $1.3M | New |
| WCN Waste Connections Inc. | 0.20% | 7,250 | $1.3M | New |
| CTRI Centuri Holdings Inc. | 0.20% | 50,000 | $1.3M | Reduce -37.6% |
| MDB Mongodb Inc. | 0.20% | 3,000 | $1.3M | No change |
| BKH Black Hills Corp. | 0.20% | 18,126 | $1.3M | Reduce -38.7% |
| JCI Johnson Controls Internation | 0.20% | 10,500 | $1.3M | New |
| FDUS Fidus Investment Corp. | 0.20% | 65,000 | $1.3M | Add +18.2% |
| LRCX Lam Research Corp. | 0.19% | 7,255 | $1.2M | Reduce -82.4% |
| NTST Netstreit Corp. | 0.19% | 70,000 | $1.2M | No change |
| JPM JPMorgan Chase & Co. | 0.19% | 3,740 | $1.2M | New |
| DHR Danaher Corp. | 0.19% | 5,250 | $1.2M | New |
| IHS Ihs Holding Ltd. | 0.18% | 157,500 | $1.2M | Reduce -39.4% |
| RNAM Avidity Biosciences Inc. | 0.18% | 16,242 | $1.2M | New |
| IJH iShares Core S&P Midcap ETF | 0.18% | 17,585 | $1.2M | Reduce -74.2% |
| OMC Omnicom Group | 0.18% | 14,172 | $1.1M | New |
| ZS Zscaler Inc. | 0.18% | 5,015 | $1.1M | New |
| ATO Atmos Energy Corp. | 0.18% | 6,710 | $1.1M | New |
| NFG National Fuel Gas Co. | 0.18% | 14,000 | $1.1M | Reduce -17.6% |
| INVH Invitation Homes Inc. | 0.17% | 40,000 | $1.1M | Add +11.1% |
| PCG P G & E Corp. | 0.17% | 68,123 | $1.1M | Reduce -71.9% |
| APH Amphenol Corp. Class A | 0.17% | 8,044 | $1.1M | New |
| BAM Brookfield Asset Mgmt-A | 0.16% | 20,000 | $1.0M | Reduce -43.6% |
| FTS Fortis Inc. | 0.16% | 20,120 | $1.0M | Reduce -74.7% |
| NMRK Newmark Group Inc. Class A | 0.16% | 60,171 | $1.0M | Reduce -36.7% |
| LPLA LPL Financial Holdings Inc. | 0.16% | 2,900 | $1.0M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.16% | 61,500 | $1.0M | New |
| WSR Whitestone REIT | 0.14% | 65,000 | $903K | Reduce -66.0% |
| CMA Comerica Inc. | 0.14% | 10,000 | $869K | New |
| ATI Ati Inc. | 0.13% | 7,500 | $861K | New |
| INTU Intuit Inc. | 0.13% | 1,250 | $828K | New |
| GBDC Golub Capital BDC Inc. | 0.13% | 60,000 | $814K | Reduce -20.0% |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 4,097 | $785K | New |
| DAL Delta Air Lines Inc. | 0.12% | 11,274 | $782K | New |
| WBD Warner Bros Discovery Inc. | 0.12% | 26,367 | $760K | Add +163.7% |
| SUNC Sunococorp LLC | 0.12% | 15,000 | $739K | New |
| POR Portland General Electric Co. | 0.11% | 15,100 | $725K | New |
| SNV Synovus Financial Corp. | 0.11% | 14,000 | $701K | No change |
| SHO Sunstone Hotel Investors Inc. | 0.10% | 75,000 | $671K | Reduce -13.8% |
| GCMG GCM Grosvenor Inc. Class A | 0.10% | 58,506 | $662K | New |
| WTM White Mountains Insurance GP | 0.09% | 290 | $603K | New |
| WMB Williams Cos Inc. | 0.09% | 9,937 | $597K | Reduce -64.0% |
| CADE Cadence Bank | 0.09% | 13,106 | $561K | New |
| ELS Equity Lifestyle Properties | 0.09% | 9,000 | $545K | New |
| XOM Exxon Mobil Corp. | 0.08% | 4,455 | $536K | New |
| TLT iShares 20+ Year Treasury BD | 0.08% | 6,000 | $523K | New |
| HUT Hut 8 Corp. | 0.08% | 11,042 | $507K | New |
| TER Teradyne Inc. | 0.08% | 2,560 | $496K | New |
| DTM DT Midstream Inc. | 0.07% | 4,000 | $479K | New |
| TGNA Tegna Inc. | 0.07% | 24,058 | $467K | Reduce -41.0% |
| VTR Ventas Inc. | 0.07% | 6,000 | $464K | New |
| SHCO Soho House & Co. Inc. | 0.07% | 50,000 | $448K | No change |
| SWKS Skyworks Solutions Inc. | 0.07% | 6,995 | $444K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 638 | $435K | New |
| PDM Piedmont Realty Trust Inc. | 0.07% | 50,900 | $425K | Reduce -88.5% |
| CMTG Claros Mortgage Trust Inc. | 0.07% | 138,000 | $422K | New |
| BABA Alibaba Group Holding-SP ADR | 0.07% | 2,848 | $417K | New |
| SWX Southwest Gas Holdings Inc. | 0.07% | 5,200 | $416K | New |
| PWR Quanta Services Inc. | 0.06% | 965 | $407K | New |
| MAIN Main Street Capital Corp. | 0.06% | 6,500 | $393K | New |
| DEI Douglas Emmett Inc. | 0.06% | 35,000 | $385K | New |
| TRGP Targa Resources Corp. | 0.06% | 2,000 | $369K | New |
| HI Hillenbrand Inc. | 0.05% | 10,837 | $344K | New |
| Q Qnity Electronics Inc. | 0.05% | 4,207 | $344K | New |
| CWK Cushman & Wakefield Ltd. | 0.05% | 20,686 | $335K | Add +3.4% |
| EQT Eqt Corp. | 0.05% | 6,234 | $334K | Reduce -81.3% |
| UBER Uber Technologies Inc. | 0.05% | 4,074 | $333K | Reduce -93.4% |
| CTLP Cantaloupe Inc. | 0.05% | 30,000 | $319K | No change |
| IDA Idacorp Inc. | 0.05% | 2,510 | $318K | Reduce -72.1% |
| CVNA Carvana Co. | 0.05% | 742 | $313K | Reduce -52.1% |
| TXNM TXNM Energy Inc. | 0.05% | 5,316 | $313K | Reduce -50.1% |
| TQQQ Proshares Ultrapro QQQ | 0.05% | 5,500 | $290K | Reduce -8.3% |
| VECO Veeco Instruments Inc. | 0.04% | 10,000 | $286K | New |
| APO Apollo Global Management Inc. | 0.04% | 1,962 | $284K | New |
| BXMT Blackstone Mortgage Tru Class A | 0.04% | 14,760 | $282K | Reduce -40.4% |
| T AT&T Inc. | 0.04% | 11,036 | $274K | Reduce -88.3% |
| VRT Vertiv Holdings Co. Class A | 0.04% | 1,677 | $272K | New |
| FLR Fluor Corp. | 0.04% | 6,826 | $271K | New |
| TOL Toll Brothers Inc. | 0.04% | 1,913 | $259K | Reduce -44.2% |
| MPC Marathon Petroleum Corp. | 0.04% | 1,529 | $249K | New |
| LNG Cheniere Energy Inc. | 0.04% | 1,263 | $246K | Reduce -44.8% |
| ON On Semiconductor | 0.04% | 4,432 | $240K | Reduce -9.7% |
| RHP Ryman Hospitality Properties | 0.04% | 2,500 | $237K | Reduce -58.3% |
| RKT Rocket Cos Inc. Class A | 0.04% | 12,000 | $232K | Reduce -40.0% |
| HOUS Anywhere Real Estate Inc. | 0.04% | 16,000 | $227K | Reduce -68.0% |
| NATL NCR Atleos Corp. | 0.03% | 5,478 | $209K | New |
| AES AES Corp. | 0.03% | 11,424 | $164K | New |
| PSKY Paramount Skydance Class B | 0.02% | 10,207 | $137K | New |
| USAR USA Rare Earth Inc. | 0.02% | 11,300 | $134K | New |
| WTTR Select Water Solutions Inc. | 0.02% | 12,634 | $133K | New |
| PLUG Plug Power Inc. | 0.00% | 10,000 | $20K | No change |
| OPTU Optimum Communications Inc. Class A | 0.00% | 10,000 | $17K | New |
Options reported separately and not counted above: HYG puts ($80.6M), HYG calls ($40.3M), MSTR puts ($15.3M), SPY puts ($10.2M), WMT calls ($6.5M), QQQ puts ($6.1M), SPY calls ($5.1M), IWM puts ($4.9M), FER puts ($3.9M), IYR calls ($3.8M), CRWV calls ($3.6M), AMZN calls ($3.2M), and 74 more.
Other holdings (34): bonds, preferreds, convertibles and warrants · $52.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 8,000,000 | $9.1M | New |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 759,566 | $8.4M | Reduce -1.9% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 5,000,000 | $6.4M | Add +25.0% |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 5,000,000 | $5.9M | New |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 70,000 | $5.5M | Add +75.0% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 4,000,000 | $4.1M | No change |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 5,000,000 | $4.1M | New |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 1,138,174 | $3.2M | Reduce -28.2% |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 1,172,054 | $1.8M | No change |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 2,000,000 | $1.7M | New |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | 1,000,000 | $1.1M | No change |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 42,321 | $364K | New |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 66,896 | $265K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 650,000 | $156K | Reduce -36.4% |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 348,960 | $115K | Add +1.3% |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 383,530 | $115K | No change |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 500,000 | $56K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 703,029 | $30K | No change |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 45,648 | $29K | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 344,077 | $21K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 86,791 | $17K | No change |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 | 37,500 | $9K | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 117,048 | $9K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 99,192 | $5K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 102,782 | $4K | No change |
| LMND.WS Lemonade Inc.-28 | *W EXP 02/09/202 | 125,000 | $3K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 425,946 | $3K | No change |
| VFSWW Vinfast Auto Ltd.-28 | *W EXP 08/11/202 | 15,199 | $3K | Reduce -50.0% |
| MOBXW Chavrant Capital Acq -CW23 | *W EXP 12/21/202 | 16,788 | $2K | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 141,412 | $1K | No change |
| AERTW Aeries Technology Inc. -CW23 | *W EXP 11/06/202 | 48,600 | $1K | No change |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | 100,000 | $1K | No change |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | 30,799 | $927 | Reduce -50.0% |
| LVRWF Lavoro Ltd.-27 | *W EXP 02/27/202 | 20,000 | $218 | No change |
Total filed on the 13F, all lines: $692.2M.
Portfolio Sells Q3 2025 → Q4 2025
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −3.93 |
| MSFT Microsoft Corp. | Reduce -90.8% | 0.25% | −2.71 |
| K Kellanova | Sold out | 0.00% | −1.92 |
| WPC WP Carey Inc. | Sold out | 0.00% | −1.90 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −1.86 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −1.72 |
| SRE Sempra | Sold out | 0.00% | −1.56 |
| EVRG Evergy Inc. | Reduce -78.2% | 0.36% | −1.44 |
| PLD Prologis Inc. | Sold out | 0.00% | −1.39 |
| PNW Pinnacle West Capital | Sold out | 0.00% | −1.35 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −1.26 |
| ADC Agree Realty Corp. | Reduce -74.1% | 0.41% | −1.20 |
| DUK Duke Energy Corp. | Reduce -54.0% | 0.83% | −1.14 |
| BRX Brixmor Property Group Inc. | Reduce -82.4% | 0.20% | −1.06 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.02 |
| KLAC KLA Corp. | Sold out | 0.00% | −1.00 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.95 |
| AEP American Electric Power | Reduce -53.1% | 0.81% | −0.93 |
| WM Waste Management Inc. | Reduce -61.7% | 0.50% | −0.89 |
| UBER Uber Technologies Inc. | Reduce -93.4% | 0.05% | −0.88 |
| VST Vistra Corp. | Reduce -72.3% | 0.25% | −0.86 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.78 |
| NSA National Storage Affiliates | Sold out | 0.00% | −0.73 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.70 |
| LRCX Lam Research Corp. | Reduce -82.4% | 0.19% | −0.70 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.65 |
| TRIP Tripadvisor Inc. | Sold out | 0.00% | −0.62 |
| PDM Piedmont Realty Trust Inc. | Reduce -88.5% | 0.07% | −0.58 |
| META Meta Platforms Inc. Class A | Reduce -53.8% | 0.38% | −0.57 |
| IJH iShares Core S&P Midcap ETF | Reduce -74.2% | 0.18% | −0.54 |
| AN Autonation Inc. | Sold out | 0.00% | −0.52 |
| SPGI S&P Global Inc. | Reduce -62.2% | 0.33% | −0.51 |
| FTS Fortis Inc. | Reduce -74.7% | 0.16% | −0.49 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.48 |
| CMS CMS Energy Corp. | Reduce -16.1% | 1.63% | −0.47 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.43 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.42 |
| PCG P G & E Corp. | Reduce -71.9% | 0.17% | −0.42 |
| LLYVK Liberty Media Corp.-Liberty-C | Sold out | 0.00% | −0.42 |
| WMG Warner Music Group Corp. Class A | Sold out | 0.00% | −0.41 |
| T AT&T Inc. | Reduce -88.3% | 0.04% | −0.39 |
| IWM iShares Russell 2000 ETF | Reduce -57.9% | 0.27% | −0.39 |
| LNT Alliant Energy Corp. | Reduce -12.5% | 1.72% | −0.38 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.36 |
| OGE Oge Energy Corp. | Sold out | 0.00% | −0.34 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.34 |
| OGS One Gas Inc. | Reduce -26.8% | 0.66% | −0.32 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.31 |
| AQN Algonquin Power & Utilities | Reduce -42.7% | 0.51% | −0.29 |
| MLYS Mineralys Therapeutics Inc. | Reduce -34.8% | 0.39% | −0.26 |
Portfolio Buys Q3 2025 → Q4 2025
| CDNS Cadence Design SYS Inc. | New | 2.06% | +2.06 |
| AMZN Amazon.com Inc. | Add +165.8% | 2.75% | +1.74 |
| AAPL Apple Inc. | New | 1.73% | +1.73 |
| CNP Centerpoint Energy Inc. | New | 1.61% | +1.61 |
| EA Electronic Arts Inc. | Add +182.3% | 2.49% | +1.59 |
| PCTY Paylocity Holding Corp. | New | 1.46% | +1.46 |
| NSC Norfolk Southern Corp. | Add +95.3% | 3.13% | +1.41 |
| ADI Analog Devices Inc. | New | 1.36% | +1.36 |
| NXPI NXP Semiconductors NV | New | 1.35% | +1.35 |
| HLT Hilton Worldwide Holdings Inc. | New | 1.33% | +1.33 |
| CUBE Cubesmart | Add +3363.1% | 1.37% | +1.32 |
| BKNG Booking Holdings Inc. | New | 1.31% | +1.31 |
| EXPE Expedia Group Inc. | New | 1.19% | +1.19 |
| MAA Mid-America Apartment Comm | New | 1.19% | +1.19 |
| SBAC SBA Communications Corp. | New | 1.14% | +1.14 |
| CIGI Colliers Intl GR-Subord Vot | New | 1.08% | +1.08 |
| LSCC Lattice Semiconductor Corp. | New | 0.99% | +0.99 |
| FRT Federal Realty Invs Trust | New | 0.98% | +0.98 |
| EGP Eastgroup Properties Inc. | Add +452.6% | 1.15% | +0.95 |
| ED Consolidated Edison Inc. | Add +225.5% | 1.37% | +0.93 |
| FE Firstenergy Corp. | New | 0.90% | +0.90 |
| STX Seagate Technology Holdings | New | 0.81% | +0.81 |
| WMT Walmart Inc. | New | 0.80% | +0.80 |
| WTRG Essential Utilities Inc. | Add +51.9% | 2.69% | +0.79 |
| SPG Simon Property Group Inc. | Add +1226.5% | 0.81% | +0.74 |
| AEE Ameren Corporation | New | 0.73% | +0.73 |
| WDC Western Digital Corp. | New | 0.66% | +0.66 |
| IRT Independence Realty Trust Inc. | Add +796.5% | 0.67% | +0.60 |
| CPT Camden Property Trust | New | 0.59% | +0.59 |
| AHR American Healthcare REIT Inc. | Add +78.9% | 1.20% | +0.58 |
| MU Micron Technology Inc. | New | 0.54% | +0.54 |
| MPWR Monolithic Power Systems Inc. | New | 0.53% | +0.53 |
| CYBR Cyberark Software Ltd./Israel | Add +54.2% | 1.87% | +0.52 |
| AVAV Aerovironment Inc. | New | 0.50% | +0.50 |
| IVT Inventrust Properties Corp. | Add +738.5% | 0.55% | +0.49 |
| SLG SL Green Realty Corp. | Add +163.7% | 0.96% | +0.47 |
| V Visa Inc. Class A | Add +12.8% | 4.17% | +0.46 |
| KVUE Kenvue Inc. | New | 0.41% | +0.41 |
| SNDK Sandisk Corp. | Add +301.8% | 0.40% | +0.35 |
| OHI Omega Healthcare Investors | Add +36.4% | 1.25% | +0.35 |
| EPRT Essential Properties Realty | New | 0.34% | +0.34 |
| AMD Advanced Micro Devices | New | 0.34% | +0.34 |
| XIFR XPLR Infrastructure LP | Add +93.5% | 0.74% | +0.34 |
| SMCI Super Micro Computer Inc. | New | 0.34% | +0.34 |
| FER Ferrovial NV | New | 0.32% | +0.32 |
| TEL Te Connectivity PLC | New | 0.32% | +0.32 |
| SE Sea Ltd.-ADR | New | 0.31% | +0.31 |
| LULU Lululemon Athletica Inc. | New | 0.31% | +0.31 |
| XYZ Block Inc. | New | 0.31% | +0.31 |
| CBRE CBRE Group Inc. Class A | Add +30.3% | 1.33% | +0.30 |
Options Activity Q3 2025 → Q4 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 1,000,000 | $80.6M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | New | 500,000 | $40.3M |
| MSTR Strategy Inc. | put | Add +404.5% | 100,900 | $15.3M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -93.4% | 15,000 | $10.2M |
| AIQ Global X Art Intel & Tech | put | Sold out | 151,400 | $7.5Mbefore exit |
| CRWV Coreweave Inc. Class A | put | Sold out | 50,000 | $6.8Mbefore exit |
| WMT Walmart Inc. | call | Add +565.9% | 58,600 | $6.5M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 10,000 | $6.1M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -50.0% | 7,500 | $5.1M |
| IWM iShares Russell 2000 ETF | put | Reduce -60.0% | 20,000 | $4.9M |
| RGTI Rigetti Computing Inc. | put | Sold out | 150,000 | $4.5Mbefore exit |
| FER Ferrovial NV | put | New | 60,700 | $3.9M |
| IYR iShares US Real Estate ETF | call | Reduce -55.6% | 40,000 | $3.8M |
| BULL Webull Corp. | put | Sold out | 250,000 | $3.7Mbefore exit |
| CRWV Coreweave Inc. Class A | call | Reduce -43.2% | 50,000 | $3.6M |
| AMZN Amazon.com Inc. | call | Add +91.7% | 13,800 | $3.2M |
| BULL Webull Corp. | call | Sold out | 253,100 | $3.0Mbefore exit |
| XLV SS Health Care Select Sector | call | New | 19,500 | $3.0M |
| NVDA Nvidia Corp. | put | Reduce -62.2% | 16,100 | $3.0M |
| CSIQ Canadian Solar Inc. | put | Sold out | 214,300 | $2.8Mbefore exit |
| AAPL Apple Inc. | put | Reduce -61.8% | 10,000 | $2.7M |
| TLT iShares 20+ Year Treasury BD | put | New | 30,000 | $2.6M |
| MSFT Microsoft Corp. | put | Reduce -62.6% | 4,900 | $2.4M |
| SLV iShares Silver Trust | call | New | 35,000 | $2.3M |
| NVDA Nvidia Corp. | call | Reduce -31.8% | 12,000 | $2.2M |
| DJT Trump Media & Technology Gro | put | New | 165,000 | $2.2M |
| ES Eversource Energy | call | New | 30,000 | $2.0M |
| AAPL Apple Inc. | call | Reduce -32.4% | 7,300 | $2.0M |
| GLD SPDR Gold Shares | call | Add +150.0% | 5,000 | $2.0M |
| MSFT Microsoft Corp. | call | Reduce -31.5% | 3,700 | $1.8M |
| USAR USA Rare Earth Inc. | put | Sold out | 100,000 | $1.7Mbefore exit |
| AMZN Amazon.com Inc. | put | Reduce -62.0% | 6,500 | $1.5M |
| WMT Walmart Inc. | put | Add +30.0% | 13,000 | $1.4M |
| BITO Proshares Bitcoin ETF-Usd | call | Sold out | 73,300 | $1.4Mbefore exit |
| PSA Public Storage | call | New | 5,500 | $1.4M |
| EEM iShares MSCI Emerging Market | call | New | 25,000 | $1.4M |
| PACS Pacs Group Inc. | call | New | 35,000 | $1.3M |
| GOOGL Alphabet Inc. Class A | put | Reduce -61.8% | 3,900 | $1.2M |
| LQDA Liquidia Corp. | call | Reduce -35.8% | 35,000 | $1.2M |
| WULF Terawulf Inc. | put | New | 100,000 | $1.1M |
| REM iShares Mortgage Real Estate | call | New | 50,000 | $1.1M |
| AVGO Broadcom Inc. | put | Reduce -61.0% | 3,200 | $1.1M |
| INSM Insmed Inc. | put | New | 6,000 | $1.0M |
| KMB Kimberly-Clark Corp. | call | New | 10,000 | $1.0M |
| GOOG Alphabet Inc. Class C | put | Reduce -62.2% | 3,100 | $973K |
| PLD Prologis Inc. | call | New | 7,500 | $957K |
| META Meta Platforms Inc. Class A | put | Reduce -64.1% | 1,400 | $924K |
| GOOGL Alphabet Inc. Class A | call | Reduce -30.9% | 2,900 | $908K |
| HUN Huntsman Corp. | put | Sold out | 100,000 | $898Kbefore exit |
| XLF SS Financial Select Sector | put | New | 16,000 | $876K |
Showing the first 50 of 114.
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
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | New | 8,000,000 | $9.1M |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Reduce -1.9% | 759,566 | $8.4M |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | Add +25.0% | 5,000,000 | $6.4M |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | New | 5,000,000 | $5.9M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +75.0% | 70,000 | $5.5M |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Sold out | 400,000 | $4.7Mbefore exit |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 5,000,000 | $4.1M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Sold out | 2,000,000 | $3.7Mbefore exit |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | Reduce -28.2% | 1,138,174 | $3.2M |
| USA RARE EARTH INC | *W EXP 03/13/203 | Sold out | 525,000 | $3.1Mbefore exit |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | Sold out | 153,232 | $2.0Mbefore exit |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | New | 2,000,000 | $1.7M |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | New | 42,321 | $364K |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | Sold out | 2,421,920 | $242Kbefore exit |
| CIFRW Cipher Mining Inc. | *W EXP 08/27/202 | Sold out | 32,134 | $161Kbefore exit |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | Reduce -36.4% | 650,000 | $156K |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | Add +1.3% | 348,960 | $115K |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | Sold out | 72,016 | $38Kbefore exit |
| VFSWW Vinfast Auto Ltd.-28 | *W EXP 08/11/202 | Reduce -50.0% | 15,199 | $3K |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | Reduce -50.0% | 30,799 | $927 |
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 | 201 | $465.9M | EA, NSC, XHB, LQDA, D |
| Q1 2026 | 187 | $436.6M | NSC, EA, LNT, AEE, ETR |
| Q4 2025 | 207 | $639.7M | V, NSC, AMZN, WTRG, EA |
| Q3 2025 | 191 | $620.2M | WEC, V, MSFT, LNT, CMS |
| Q2 2025 | 201 | $743.3M | BKNG, HES, DUK, WTRG, SO |
| Q1 2025 | 200 | $564.8M | DFS, HES, SPY, ADP, SO |
| Q4 2024 | 226 | $494.7M | ADP, HES, KLAC, DTE, DUK |
| Q3 2024 | 242 | $549.6M | HES, PPL, XLI, LNT, ED |
| Q2 2024 | 202 | $464.0M | HES, NI, AMZN, LNT, EVRG |
| Q1 2024 | 203 | $602.4M | PXD, PPLI, EVRG, LSXMK, ED |