Hiddenite Capital Partners LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Hiddenite Capital Partners LP reported 20 stock positions worth $110.7 million. Its top holding was AppLovin Class A (APP) at 9.0% of the portfolio, followed by Aercap (AER, 7.4%) and Comfort Systems USA (FIX, 7.3%). Compared with Q4 2024, it opened 8 new positions, sold out of 8, added to 4 and reduced 2. The biggest buy was a new position in Comfort Systems USA (FIX) and the biggest sale an exit from Nebius (NBIS).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001823823
Portfolio Value
$110.7M (Q1 2025)
SEC Filing
0001420506-25-001178 ↗ filed May 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $86.9M Q1 2024 Q2 2024: $82.4M Q2 2024 Q3 2024: $96.9M Q3 2024 Q4 2024: $135.7M Q4 2024 Q1 2025: $110.7M $110.7M Q1 2025 Q2 2025: $158.6M Q2 2025 Q3 2025: $184.4M Q3 2025 Q4 2025: $191.6M Q4 2025 Q1 2026: $166.0M Q1 2026 Q2 2026: $406.9M Q2 2026

Holdings 20 stocks · $110.7M
APP AppLovin Corp. Class A 8.97% 37,500 $9.9M Reduce -53.1%
AER Aercap Holdings NV 7.38% 80,000 $8.2M No change
FIX Comfort Systems USA Inc. 7.28% 25,000 $8.1M New
AVGO Broadcom Inc. 7.25% 47,970 $8.0M Add +26.3%
FTAI Ftai Aviation Ltd. 7.02% 70,000 $7.8M Add +40.0%
TSM Taiwan Semiconductor-SP ADR 6.63% 44,200 $7.3M New
CRH CRH PLC 6.36% 80,000 $7.0M No change
NRG NRG Energy Inc. 6.03% 70,000 $6.7M No change
PRMB Primo Brands Corp. 5.61% 175,000 $6.2M No change
FCNCA First Citizens Bcshs Class A 5.41% 3,230 $6.0M No change
SHEL Shell PLC-ADR 4.53% 68,500 $5.0M No change
MU Micron Technology Inc. 4.32% 55,000 $4.8M New
AFRM Affirm Holdings Inc. 4.15% 101,600 $4.6M New
BGC BGC Group Inc. Class A 4.14% 500,000 $4.6M Add +25.0%
EQT Eqt Corp. 3.38% 70,000 $3.7M Reduce -38.6%
SNEX Stonex Group Inc. 3.10% 45,000 $3.4M New
CSL Carlisle Cos Inc. 3.01% 9,800 $3.3M New
VST Vistra Corp. 2.65% 25,000 $2.9M New
TBBB BBB Foods Inc. Class A 1.45% 60,000 $1.6M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 1.33% 144,000 $1.5M Add +44.0%

Options reported separately and not counted above: TLT puts ($27.3M), GDX calls ($18.4M), COF calls ($17.9M), NVDA calls ($16.3M), MU calls ($13.0M), AVGO calls ($12.6M), APP calls ($10.6M), KBE calls ($10.6M), XLF calls ($10.0M), NRG calls ($9.5M), CRH calls ($8.8M), COHR calls ($6.5M), and 2 more.

Other holdings (1): bonds, preferreds, convertibles and warrants · $9.1M (not counted above)
SecurityClassShares / PrincipalValueChange
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal 6,981,000$9.1MNo change

Total filed on the 13F, all lines: $119.9M.

Portfolio Sells Q4 2024 → Q1 2025
NBIS Nebius Group NV Sold out 0.00% −11.23
APP AppLovin Corp. Class A Reduce -53.1% 8.97% −10.12
GPN Global Payments Inc. Sold out 0.00% −5.04
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −4.00
EXE Expand Energy Corp. Sold out 0.00% −3.85
KGS Kodiak Gas Services Inc. Sold out 0.00% −3.01
SE Sea Ltd.-ADR Sold out 0.00% −2.97
GTLB Gitlab Inc. Class A Sold out 0.00% −2.08
XPOF Xponential Fitness Inc. Class A Sold out 0.00% −1.73
EQT Eqt Corp. Reduce -38.6% 3.38% −0.50

Portfolio Buys Q4 2024 → Q1 2025
FIX Comfort Systems USA Inc. New 7.28% +7.28
TSM Taiwan Semiconductor-SP ADR New 6.63% +6.63
MU Micron Technology Inc. New 4.32% +4.32
AFRM Affirm Holdings Inc. New 4.15% +4.15
SNEX Stonex Group Inc. New 3.10% +3.10
CSL Carlisle Cos Inc. New 3.01% +3.01
VST Vistra Corp. New 2.65% +2.65
FTAI Ftai Aviation Ltd. Add +40.0% 7.02% +1.71
BGC BGC Group Inc. Class A Add +25.0% 4.14% +1.47
TBBB BBB Foods Inc. Class A New 1.45% +1.45
AVGO Broadcom Inc. Add +26.3% 7.25% +0.77
NU Nu Holdings Ltd./Cayman Isl-A Add +44.0% 1.33% +0.57

Options Activity Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 150,000 $87.9Mbefore exit
TLT iShares 20+ Year Treasury BD put New 300,000 $27.3M
EXE Expand Energy Corp. call Sold out 200,000 $19.9Mbefore exit
GDX Vaneck Gold Miners ETF call New 400,000 $18.4M
COF Capital One Financial Corp. call New 100,000 $17.9M
NVDA Nvidia Corp. call New 150,000 $16.3M
MU Micron Technology Inc. call New 150,000 $13.0M
APP AppLovin Corp. Class A put Sold out 40,000 $13.0Mbefore exit
AVGO Broadcom Inc. call New 75,000 $12.6M
GPN Global Payments Inc. call Sold out 100,000 $11.2Mbefore exit
APP AppLovin Corp. Class A call New 40,000 $10.6M
KBE SS SPDR S&P Bank ETF call New 200,000 $10.6M
XLF SS Financial Select Sector call Add +33.3% 200,000 $10.0M
XLE SS Energy Select Sector put Sold out 100,000 $8.6Mbefore exit
TQQQ Proshares Ultrapro QQQ put Sold out 100,000 $7.9Mbefore exit
ACI Albertsons Cos Inc. Class A call Sold out 400,000 $7.9Mbefore exit
BE Bloom Energy Corp. Class A call Sold out 300,000 $6.7Mbefore exit
COHR Coherent Corp. call New 100,000 $6.5M
SHEL Shell PLC-ADR call Sold out 100,000 $6.3Mbefore exit
WDC Western Digital Corp. call New 150,000 $6.1M
AR Antero Resources Corp. call Sold out 150,000 $5.3Mbefore exit
EQT Eqt Corp. call Sold out 100,000 $4.6Mbefore exit
EWZ iShares MSCI Brazil ETF call Sold out 200,000 $4.5Mbefore exit
NCLH Norwegian Cruise Line Holdin call Sold out 100,000 $2.6Mbefore exit
AMTM Amentum Holdings Inc. call Sold out 100,000 $2.1Mbefore exit
SPLV Invesco S&P 500 Low Volatili put New 4,000 $299K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025
ARKOW Arko Corp. -CW25 *W EXP 12/22/202 Sold out 169,650 $76Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 27$406.9MAPP, BRUN, BKD, NRG, TSM
Q1 2026 13$166.0MNRG, APP, BKD, TSM, LGN
Q4 2025 17$191.6MCRH, FIX, FSLR, NRG, SEI
Q3 2025 17$184.4MFIX, SEI, AVGO, DKS, FTAI
Q2 2025 17$158.6MFIX, APP, AVGO, AMRZ, DKS
Q1 2025 20$110.7MAPP, AER, FIX, AVGO, FTAI
Q4 2024 20$135.7MAPP, NBIS, AVGO, AER, CRH
Q3 2024 21$96.9MAPP, FTAI, AER, CRH, AVGO
Q2 2024 20$82.4MAPP, FTAI, AER, AVGO, CRH
Q1 2024 19$86.9MAPP, AER, GM, CRH, AVGO