Helix Partners Management LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Helix Partners Management LP reported 10 stock positions worth $162.0 million. Its top holding was Core Scientific (CORZ) at 50.3% of the portfolio, followed by Global Net Lease (GNL, 19.1%) and Echostar Class A (ECHO, 16.1%). Compared with Q3 2025, it opened 5 new positions, sold out of 2, added to 2 and reduced 2. The biggest buy was a new position in Cinemark (CNK) and the biggest sale an exit from SLM (SLM).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001995612
Portfolio Value
$162.0M (Q4 2025)
SEC Filing
0001995612-26-000003 ↗ filed Feb 13, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q4 2024: $181.3M Q4 2024 Q1 2025: $113.1M Q1 2025 Q2 2025: $186.9M Q2 2025 Q3 2025: $167.8M Q3 2025 Q4 2025: $162.0M $162.0M Q4 2025 Q1 2026: $156.7M Q1 2026 Q2 2026: $370.9M Q2 2026

Holdings 10 stocks · $162.0M
CORZ Core Scientific Inc. 50.33% 5,600,000 $81.5M Add +6.7%
GNL Global Net Lease Inc. 19.11% 3,600,000 $31.0M Add +2.9%
ECHO Echostar Corp. Class A 16.10% 240,000 $26.1M Reduce -31.4%
CNK Cinemark Holdings Inc. 4.30% 300,000 $7.0M New
PDM Piedmont Realty Trust Inc. 3.22% 625,000 $5.2M No change
SYF Synchrony Financial 2.27% 44,000 $3.7M New
COF Capital One Financial Corp. 1.65% 11,000 $2.7M New
OPTU Optimum Communications Inc. Class A 1.27% 1,250,000 $2.1M New
FISV Fiserv Inc. 1.04% 25,000 $1.7M New
CYH Community Health Systems Inc. 0.72% 372,607 $1.2M Reduce -81.4%

Options reported separately and not counted above: SPY puts ($85.6M), IWM puts ($49.8M).

Portfolio Sells Q3 2025 → Q4 2025
SLM SLM Corp. Sold out 0.00% −3.30
CYH Community Health Systems Inc. Reduce -81.4% 0.72% −3.11
IHRT Iheartmedia Inc. Class A Sold out 0.00% −0.51
ECHO Echostar Corp. Class A Reduce -31.4% 16.10% +0.18

Portfolio Buys Q3 2025 → Q4 2025
CNK Cinemark Holdings Inc. New 4.30% +4.30
SYF Synchrony Financial New 2.27% +2.27
GNL Global Net Lease Inc. Add +2.9% 19.11% +2.15
COF Capital One Financial Corp. New 1.65% +1.65
OPTU Optimum Communications Inc. Class A New 1.27% +1.27
FISV Fiserv Inc. New 1.04% +1.04
CORZ Core Scientific Inc. Add +6.7% 50.33% −5.80

Options Activity Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US put Add +83.2% 125,500 $85.6M
IWM iShares Russell 2000 ETF put Add +92.9% 202,500 $49.8M

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 10$370.9MCORZ, OPI, SVC, GNL, COF
Q1 2026 11$156.7MCORZ, GNL, ECHO, COF, PFSI
Q4 2025 10$162.0MCORZ, GNL, ECHO, CNK, PDM
Q3 2025 7$167.8MCORZ, GNL, ECHO, CYH, PDM
Q2 2025 11$186.9MCORZ, GNL, CIFR, ECHO, SLM
Q1 2025 9$113.1MCORZ, GNL, ECHO, CIFR, SLM
Q4 2024 14$181.3MCORZ, GNL, SLM, CIFR, ECHO