Kamunting Street Capital Management, L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Kamunting Street Capital Management, L.P. reported 18 stock positions worth $146.6 million. Its top holding was Energy Transfer (ET) at 26.0% of the portfolio, followed by Enterprise Products Partners (EPD, 14.9%) and Amazon.com (AMZN, 12.1%). Compared with Q3 2025, it opened 7 new positions, sold out of 6, added to 4 and reduced 3. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale an exit from Target (TGT).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI BEACH, FL
- CIK
- 0001317267
- Portfolio Value
- $146.6M (Q4 2025)
- SEC Filing
- 0000902664-26-001086 ↗ filed Feb 17, 2026
Holdings Value
Holdings 18 stocks · $146.6M
| ET Energy Transfer LP | 26.05% | 2,316,210 | $38.2M | Reduce -2.7% |
| EPD Enterprise Products Partners | 14.94% | 683,352 | $21.9M | Reduce -10.4% |
| AMZN Amazon.com Inc. | 12.15% | 77,183 | $17.8M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 11.74% | 55,000 | $17.2M | New |
| NVDA Nvidia Corp. | 7.00% | 55,000 | $10.3M | Add +175.0% |
| TSM Taiwan Semiconductor-SP ADR | 6.83% | 32,939 | $10.0M | New |
| IBIT iShares Bitcoin Trust ETF | 6.61% | 195,181 | $9.7M | Add +25.8% |
| BABA Alibaba Group Holding-SP ADR | 5.00% | 50,000 | $7.3M | New |
| CNC Centene Corp. | 3.51% | 125,000 | $5.1M | Reduce -16.7% |
| CRM Salesforce Inc. | 2.71% | 15,000 | $4.0M | Add +200.0% |
| UNH Unitedhealth Group Inc. | 2.25% | 10,000 | $3.3M | New |
| ONCHU 1RT Acquisition Corp. | 0.43% | 60,000 | $624K | New |
| RVLV Revolve Group Inc. Class A | 0.21% | 10,000 | $302K | No change |
| ADAG Adagene Inc.-ADR | 0.16% | 126,032 | $238K | No change |
| NAKA Nakamoto Inc. filed as KINDLY MD INC | 0.15% | 615,156 | $216K | New |
| PCAP Procap Acquisition Corp. Class A | 0.14% | 20,000 | $203K | No change |
| CEPF Cantor Equity Partners Class A | 0.07% | 10,000 | $103K | No change |
| CEPV Cantor Equity Partners Class A | 0.07% | 10,000 | $103K | New |
Portfolio Sells Q3 2025 → Q4 2025
| TGT Target Corp. | Sold out | 0.00% | −10.75 |
| ET Energy Transfer LP | Reduce -2.7% | 26.05% | −4.33 |
| RH RH | Sold out | 0.00% | −3.78 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −3.12 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −3.11 |
| EPD Enterprise Products Partners | Reduce -10.4% | 14.94% | −2.81 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −2.73 |
| CNC Centene Corp. | Reduce -16.7% | 3.51% | −0.47 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.18 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | New | 11.74% | +11.74 |
| TSM Taiwan Semiconductor-SP ADR | New | 6.83% | +6.83 |
| BABA Alibaba Group Holding-SP ADR | New | 5.00% | +5.00 |
| NVDA Nvidia Corp. | Add +175.0% | 7.00% | +4.22 |
| UNH Unitedhealth Group Inc. | New | 2.25% | +2.25 |
| CRM Salesforce Inc. | Add +200.0% | 2.71% | +1.83 |
| ONCHU 1RT Acquisition Corp. | New | 0.43% | +0.43 |
| NAKA Nakamoto Inc. | New | 0.15% | +0.15 |
| CEPV Cantor Equity Partners Class A | New | 0.07% | +0.07 |
| AMZN Amazon.com Inc. | Add +1.1% | 12.15% | −0.32 |
| IBIT iShares Bitcoin Trust ETF | Add +25.8% | 6.61% | −0.90 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $177.9M | EPD, ET, BX, TSM, META |
| Q1 2026 | 27 | $182.3M | ET, EPD, GOOGL, MU, AMZN |
| Q4 2025 | 18 | $146.6M | ET, EPD, AMZN, GOOGL, NVDA |
| Q3 2025 | 17 | $134.4M | ET, EPD, AMZN, TGT, IBIT |
| Q2 2025 | 14 | $122.2M | ET, EPD, IBIT, GOOGL, UNH |
| Q1 2025 | 15 | $149.2M | ET, GOOGL, EPD, TSM, META |
| Q4 2024 | 15 | $115.7M | ET, EPD, DVN, IBIT, BABA |
| Q3 2024 | 13 | $97.1M | ET, EPD, GOOGL, DVN, MU |
| Q2 2024 | 19 | $107.8M | EPD, ET, DVN, BABA, WBD |
| Q1 2024 | 16 | $102.5M | EPD, BABA, ET, NVDA, NEM |