Kim, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Kim, LLC reported 22 stock positions worth $361.4 million. Its top holding was Return Stacked US S&F YD ETF (RSSY) at 24.6% of the portfolio, followed by Return STKD BND & Fut YD ETF (RSBY, 23.6%) and Aspen Aerogels (ASPN, 21.7%). Compared with Q4 2024, it sold out of 2 and reduced 3. The biggest sale was an exit from Simplify Multi-Qis Alt ETF (QIS).
- Most Recent 13F
- Q2 2026
- Location
- WICHITA, KS
- CIK
- 0001888968
- Portfolio Value
- $361.4M (Q1 2025)
- SEC Filing
- 0000923338-25-000003 ↗ filed May 9, 2025
Holdings Value
Holdings 22 stocks · $361.4M
| RSSY Return Stacked US S&F YD ETF | 24.63% | 5,000,000 | $89.0M | No change |
| RSBY Return STKD BND & Fut YD ETF | 23.58% | 5,000,000 | $85.2M | No change |
| ASPN Aspen Aerogels Inc. | 21.71% | 12,280,426 | $78.5M | No change |
| VSH Vishay Intertechnology Inc. | 13.90% | 3,159,384 | $50.2M | No change |
| TE T1 Energy Inc. | 2.50% | 7,167,835 | $9.0M | Reduce -20.3% |
| TXO Txo Partners LP | 2.10% | 395,205 | $7.6M | Reduce -21.0% |
| BZ Kanzhun Ltd. - ADR | 1.79% | 336,552 | $6.5M | No change |
| MNR Mach Natural Resources LP | 1.71% | 396,400 | $6.2M | Reduce -0.9% |
| KORE Kore Group Holdings Inc. | 1.37% | 2,000,000 | $4.9M | No change |
| SMRT Smartrent Inc. | 0.89% | 2,656,173 | $3.2M | No change |
| NZF Nuveen Municipal Credit Inc. | 0.85% | 250,000 | $3.1M | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.76% | 243,700 | $2.7M | No change |
| DDL Dingdong Cayman Ltd. -SPN ADR | 0.69% | 928,008 | $2.5M | No change |
| XPEV Xpeng Inc. - ADR | 0.63% | 110,000 | $2.3M | No change |
| RIVN Rivian Automotive Inc. Class A | 0.62% | 178,791 | $2.2M | No change |
| MYI BlackRock Muniyield QLTY III | 0.61% | 201,007 | $2.2M | No change |
| FIP Ftai Infrastructure Inc. | 0.37% | 293,901 | $1.3M | No change |
| BLND Blend Labs Inc. Class A | 0.34% | 370,786 | $1.2M | No change |
| XMYDX BlackRock Muniyield Fund | 0.34% | 116,100 | $1.2M | No change |
| NAD Nuveen Quality Municipal Inc. | 0.32% | 100,000 | $1.2M | No change |
| CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC | 0.25% | 153,767 | $886K | No change |
| MHD BlackRock Muniholdings Fund | 0.07% | 22,450 | $264K | No change |
Options reported separately and not counted above: HYG puts ($236.7M).
Other holdings (35): bonds, preferreds, convertibles and warrants · $270.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 14,750,000 | $14.8M | Add +168.2% |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 15,000,000 | $14.7M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 14,500,000 | $13.9M | Add +31.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 14,000,000 | $13.7M | Add +75.0% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 11,500,000 | $12.5M | Add +21.1% |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 12,500,000 | $12.3M | New |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 12,000,000 | $11.5M | Add +140.0% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 9,000,000 | $10.6M | Add +28.6% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 10,000,000 | $10.3M | New |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 10,500,000 | $9.8M | Add +23.5% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 10,000,000 | $9.8M | Add +100.0% |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 9,500,000 | $9.5M | New |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 9,645,000 | $9.4M | New |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 9,000,000 | $8.9M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 8,000,000 | $8.0M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 7,276,000 | $7.7M | Add +162.1% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 5,500,000 | $7.7M | Add +22.2% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 7,000,000 | $7.4M | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 7,000,000 | $7.4M | Add +250.0% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 8,000,000 | $7.3M | No change |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | 7,308,000 | $7.2M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 7,000,000 | $6.5M | Add +75.0% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 5,000,000 | $6.1M | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 6,000,000 | $5.8M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 6,000,000 | $5.3M | No change |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 5,500,000 | $4.9M | Reduce -21.4% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 5,000,000 | $4.8M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 5,000,000 | $4.7M | New |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 5,000,000 | $4.4M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 4,000,000 | $3.5M | Reduce -20.0% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 3,000,000 | $3.0M | No change |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 2,500,000 | $2.6M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 2,669,000 | $2.6M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,000,000 | $2.0M | Reduce -60.0% |
| OUSTZ Ouster Inc. -CW25 | *W EXP 03/11/202 | 274,200 | $22K | No change |
Total filed on the 13F, all lines: $631.7M.
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| None this quarter. | |||
Options Activity Q4 2024 → Q1 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 3,000,200 | $236.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 150,000 | $87.9Mbefore exit |
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
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +168.2% | 14,750,000 | $14.8M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | New | 15,000,000 | $14.7M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +31.8% | 14,500,000 | $13.9M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +75.0% | 14,000,000 | $13.7M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Add +21.1% | 11,500,000 | $12.5M |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | New | 12,500,000 | $12.3M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +140.0% | 12,000,000 | $11.5M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +28.6% | 9,000,000 | $10.6M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | New | 10,000,000 | $10.3M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Sold out | 9,000,000 | $9.8Mbefore exit |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | Add +23.5% | 10,500,000 | $9.8M |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | Add +100.0% | 10,000,000 | $9.8M |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | New | 9,500,000 | $9.5M |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | New | 9,645,000 | $9.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | New | 8,000,000 | $8.0M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Add +162.1% | 7,276,000 | $7.7M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Add +22.2% | 5,500,000 | $7.7M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | New | 7,000,000 | $7.4M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Add +250.0% | 7,000,000 | $7.4M |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | New | 7,308,000 | $7.2M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +75.0% | 7,000,000 | $6.5M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | New | 6,000,000 | $5.8M |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | Reduce -21.4% | 5,500,000 | $4.9M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | New | 5,000,000 | $4.8M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 5,000,000 | $4.7M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | New | 5,000,000 | $4.4M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -20.0% | 4,000,000 | $3.5M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | New | 2,500,000 | $2.6M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | New | 2,669,000 | $2.6M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 2,000,000 | $2.2Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -60.0% | 2,000,000 | $2.0M |
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 |