Kim, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Kim, LLC reported 24 stock positions worth $573.7 million. Its top holding was Aspen Aerogels (ASPN) at 25.4% of the portfolio, followed by Return Stacked US S&F YD ETF (RSSY, 17.7%) and Simplify Multi-Qis Alt ETF (QIS, 17.1%). Compared with Q3 2024, it opened 1 new position, sold out of 1 and reduced 2. The biggest buy was a new position in Kore (KORE) and the biggest sale an exit from Kore.
- Most Recent 13F
- Q2 2026
- Location
- WICHITA, KS
- CIK
- 0001888968
- Portfolio Value
- $573.7M (Q4 2024)
- SEC Filing
- 0001888968-25-000003 ↗ filed Feb 11, 2025
Holdings Value
Holdings 24 stocks · $573.7M
| ASPN Aspen Aerogels Inc. | 25.43% | 12,280,426 | $145.9M | No change |
| RSSY Return Stacked US S&F YD ETF | 17.69% | 5,000,000 | $101.5M | No change |
| QIS Simplify Multi-Qis Alt ETF | 17.08% | 4,000,000 | $98.0M | No change |
| RSBY Return STKD BND & Fut YD ETF | 15.73% | 5,000,000 | $90.3M | No change |
| VSH Vishay Intertechnology Inc. | 9.33% | 3,159,384 | $53.5M | No change |
| TE T1 Energy Inc. filed as FREYR BATTERY INC | 4.04% | 8,989,671 | $23.2M | Reduce -21.8% |
| TXO Txo Partners LP | 1.47% | 500,000 | $8.4M | Reduce -13.8% |
| LVROF Lavoro Ltd. Class A | 1.45% | 1,732,500 | $8.3M | No change |
| MNR Mach Natural Resources LP | 1.20% | 400,000 | $6.9M | No change |
| KORE Kore Group Holdings Inc. | 1.12% | 2,000,000 | $6.4M | New |
| SMRT Smartrent Inc. | 0.81% | 2,656,173 | $4.6M | No change |
| BZ Kanzhun Ltd. - ADR | 0.81% | 336,552 | $4.6M | No change |
| DDL Dingdong Cayman Ltd. -SPN ADR | 0.53% | 928,008 | $3.0M | No change |
| NZF Nuveen Municipal Credit Inc. | 0.53% | 250,000 | $3.0M | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.48% | 243,700 | $2.7M | No change |
| RIVN Rivian Automotive Inc. Class A | 0.41% | 178,791 | $2.4M | No change |
| MYI BlackRock Muniyield QLTY III | 0.39% | 201,007 | $2.2M | No change |
| FIP Ftai Infrastructure Inc. | 0.37% | 293,901 | $2.1M | No change |
| BLND Blend Labs Inc. Class A | 0.27% | 370,786 | $1.6M | No change |
| XPEV Xpeng Inc. - ADR | 0.23% | 110,000 | $1.3M | No change |
| XMYDX BlackRock Muniyield Fund | 0.21% | 116,100 | $1.2M | No change |
| NAD Nuveen Quality Municipal Inc. | 0.20% | 100,000 | $1.2M | No change |
| CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC | 0.16% | 153,767 | $941K | No change |
| MHD BlackRock Muniholdings Fund | 0.05% | 22,450 | $262K | No change |
Options reported separately and not counted above: SPY puts ($87.9M).
Other holdings (23): bonds, preferreds, convertibles and warrants · $131.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 11,000,000 | $10.3M | Add +46.7% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 9,000,000 | $9.8M | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 9,500,000 | $9.6M | Add +137.5% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 9,000,000 | $9.0M | Add +125.0% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 8,500,000 | $8.3M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 8,000,000 | $7.8M | Add +300.0% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 7,000,000 | $7.6M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 8,000,000 | $7.2M | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 7,000,000 | $6.5M | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 4,500,000 | $5.8M | New |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 5,500,000 | $5.7M | Add +83.3% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 5,000,000 | $5.5M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 6,000,000 | $5.2M | Add +50.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 5,000,000 | $5.0M | No change |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 5,000,000 | $4.8M | New |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 5,000,000 | $4.8M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 5,000,000 | $4.7M | Add +150.0% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 4,000,000 | $3.8M | Add +100.0% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 3,000,000 | $3.1M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 2,776,000 | $2.9M | Add +38.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 2,000,000 | $2.2M | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 2,000,000 | $2.0M | No change |
| OUSTZ Ouster Inc. -CW25 | *W EXP 03/11/202 | 274,200 | $29K | No change |
Total filed on the 13F, all lines: $705.5M.
Portfolio Sells Q3 2024 → Q4 2024
| KORE GROUP HLDGS INC | Sold out | 0.00% | −0.58 |
| TXO Txo Partners LP | Reduce -13.8% | 1.47% | −0.01 |
| TE T1 Energy Inc. | Reduce -21.8% | 4.04% | +2.60 |
Portfolio Buys Q3 2024 → Q4 2024
| KORE Kore Group Holdings Inc. | New | 1.12% | +1.12 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -50.0% | 150,000 | $87.9M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +46.7% | 11,000,000 | $10.3M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 9,000,000 | $9.8M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Add +137.5% | 9,500,000 | $9.6M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +125.0% | 9,000,000 | $9.0M |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | New | 8,500,000 | $8.3M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +300.0% | 8,000,000 | $7.8M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 7,000,000 | $7.6M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 8,000,000 | $7.2M |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | New | 7,000,000 | $6.5M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | New | 4,500,000 | $5.8M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +83.3% | 5,500,000 | $5.7M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 5,000,000 | $5.5M |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Add +50.0% | 6,000,000 | $5.2M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 5,000,000 | $4.8M |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | New | 5,000,000 | $4.8M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +150.0% | 5,000,000 | $4.7M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +100.0% | 4,000,000 | $3.8M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Add +38.8% | 2,776,000 | $2.9M |
| NSTB.WS Northern Star Inv Class A -CW28 | *W EXP 01/31/202 | Sold out | 20,000 | $0before exit |
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 | 19 | $326.8M | SPMC, ASPN, VSH, RSBY, KORE GROUP HLDGS INC |
| Q1 2026 | 16 | $297.7M | SPMC, RSBY, ASPN, RSSY, VSH |
| Q4 2025 | 17 | $384.6M | SPMC, RSBY, RSSY, VSH, ASPN |
| Q3 2025 | 16 | $522.4M | SPMC, ASPN, RSSY, RSBY, VSH |
| Q2 2025Amended | 22 | $536.8M | SPMC, RSSY, RSBY, ASPN, VSH |
| Q1 2025 | 22 | $361.4M | RSSY, RSBY, ASPN, VSH, TE |
| Q4 2024 | 24 | $573.7M | ASPN, RSSY, QIS, RSBY, VSH |
| Q3 2024 | 24 | $774.9M | ASPN, RSSY, RSBY, QIS, VSH |
| Q2 2024 | 72 | $884.3M | ASPN, RSSY, QIS, VSH, ARES ACQUISITION CORP II |
| Q1 2024 | 77 | $795.1M | ASPN, QIS, VSH, SCRM, ARES ACQUISITION CORP II |