Landscape Capital Management, L.L.C.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Landscape Capital Management, L.L.C. reported 601 stock positions worth $1.1 billion. Its top holding was Heico Class A (HEI.A) at 2.0% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 1.9%) and Fidelity Wise Origin Bitcoin (FBTC, 1.4%). Compared with Q4 2024, it opened 214 new positions, sold out of 297, added to 239 and reduced 141. The biggest buy was Root Inc./Oh Class A (ROOT, shares +243%) and the biggest sale an exit from iShares 1-3 Year Treasury Bo (SHY).
- Most Recent 13F
- Q2 2026
- Location
- Englewood, NJ
- CIK
- 0001536186
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0000919574-25-003015 ↗ filed May 14, 2025
Holdings Value
Holdings 601 stocks · $1.1B
| HEI.A Heico Corp. Class A | 2.04% | 108,449 | $22.9M | No change |
| IBIT iShares Bitcoin Trust ETF | 1.90% | 456,262 | $21.4M | Add +60.1% |
| FBTC Fidelity Wise Origin Bitcoin | 1.36% | 212,641 | $15.3M | Reduce -54.3% |
| ROOT Root Inc./Oh Class A | 1.15% | 96,471 | $12.9M | Add +242.7% |
| MNST Monster Beverage Corp. | 1.06% | 203,725 | $11.9M | Add +30.3% |
| FOX Fox Corp. Class B | 0.96% | 204,775 | $10.8M | Add +31.5% |
| SGI Somnigroup International Inc. | 0.91% | 170,455 | $10.2M | Add +178.2% |
| KIO KKR Income Opportunities | 0.88% | 800,734 | $9.8M | New |
| EAT Brinker International Inc. | 0.83% | 62,313 | $9.3M | Reduce -15.4% |
| CUBE Cubesmart | 0.79% | 206,518 | $8.8M | Add +1882.3% |
| ALGN Align Technology Inc. | 0.77% | 54,683 | $8.7M | Add +972.2% |
| HIMS Hims & Hers Health Inc. | 0.75% | 283,853 | $8.4M | Add +43.4% |
| URBN Urban Outfitters Inc. | 0.74% | 158,756 | $8.3M | Add +66.8% |
| BRBR Bellring Brands Inc. | 0.73% | 110,475 | $8.2M | Add +100.4% |
| CROX Crocs Inc. | 0.69% | 73,297 | $7.8M | New |
| XLE SS Energy Select Sector | 0.69% | 83,034 | $7.8M | Add +43.1% |
| V Visa Inc. Class A | 0.67% | 21,513 | $7.5M | Reduce -26.6% |
| BFAM Bright Horizons Family Solut | 0.67% | 59,079 | $7.5M | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.67% | 745,118 | $7.5M | Add +104.1% |
| RBLX Roblox Corp. Class A | 0.66% | 127,534 | $7.4M | Add +162.1% |
| YOU Clear Secure Inc. Class A | 0.64% | 276,189 | $7.2M | Add +446.3% |
| MAS Masco Corp. | 0.62% | 100,376 | $7.0M | Add +339.2% |
| HELE Helen of Troy Ltd. | 0.62% | 130,417 | $7.0M | New |
| UNH Unitedhealth Group Inc. | 0.62% | 13,262 | $6.9M | Add +19.6% |
| TRIP Tripadvisor Inc. | 0.62% | 487,892 | $6.9M | Add +130.2% |
| CRI Carter's Inc. | 0.61% | 166,949 | $6.8M | Add +105.2% |
| ALC Alcon Inc. filed as ALCON AG | 0.61% | 71,883 | $6.8M | New |
| CALM Cal-Maine Foods Inc. | 0.60% | 73,830 | $6.7M | Add +3.2% |
| INTU Intuit Inc. | 0.59% | 10,721 | $6.6M | Add +204.8% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.58% | 118,395 | $6.5M | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.58% | 6,563 | $6.5M | New |
| FCFS Firstcash Holdings Inc. | 0.55% | 51,575 | $6.2M | New |
| FBIN Fortune Brands Innovations I | 0.55% | 101,378 | $6.2M | Add +598.3% |
| PINS Pinterest Inc. Class A | 0.54% | 197,355 | $6.1M | Add +236.6% |
| SPHR Sphere Entertainment Co. | 0.53% | 183,015 | $6.0M | Add +3.4% |
| CHDN Churchill Downs Inc. | 0.52% | 52,289 | $5.8M | New |
| EXR Extra Space Storage Inc. | 0.51% | 38,780 | $5.8M | Add +136.6% |
| TRUP Trupanion Inc. | 0.51% | 152,813 | $5.7M | New |
| NEE Nextera Energy Inc. | 0.49% | 77,771 | $5.5M | Add +81.2% |
| CMCSA Comcast Corp. Class A | 0.49% | 149,048 | $5.5M | Add +165.3% |
| NYT New York Times Co. Class A | 0.48% | 108,980 | $5.4M | New |
| ALRM Alarm.com Holdings Inc. | 0.48% | 96,255 | $5.4M | Add +231.6% |
| FL Foot Locker Inc. | 0.47% | 376,698 | $5.3M | New |
| NKE Nike Inc. Class B | 0.47% | 82,792 | $5.3M | Add +229.2% |
| ADP Automatic Data Processing | 0.46% | 17,044 | $5.2M | Add +130.1% |
| AFRM Affirm Holdings Inc. | 0.46% | 115,041 | $5.2M | Add +3071.8% |
| VITL Vital Farms Inc. | 0.46% | 170,018 | $5.2M | Add +226.9% |
| AZO AutoZone Inc. | 0.46% | 1,351 | $5.2M | Add +50.3% |
| LFST Lifestance Health Group Inc. | 0.46% | 770,994 | $5.1M | New |
| BYD Boyd Gaming Corp. | 0.45% | 77,331 | $5.1M | New |
| BILL Bill Holdings Inc. | 0.45% | 109,926 | $5.0M | Add +2500.6% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.44% | 919,914 | $5.0M | New |
| NCLH Norwegian Cruise Line Holdin | 0.43% | 256,762 | $4.9M | New |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.43% | 41,050 | $4.9M | Add +537.4% |
| BBY Best Buy Co. Inc. | 0.43% | 65,988 | $4.9M | Add +1487.4% |
| HRL Hormel Foods Corp. | 0.43% | 156,446 | $4.8M | Add +44.8% |
| UPS United Parcel Service Class B | 0.43% | 43,637 | $4.8M | Reduce -20.5% |
| FDX FedEx Corp. | 0.42% | 19,568 | $4.8M | Add +47.5% |
| SN Sharkninja Inc. | 0.42% | 56,829 | $4.7M | Add +14.7% |
| CVS CVS Health Corp. | 0.42% | 69,295 | $4.7M | Reduce -41.1% |
| DRVN Driven Brands Holdings Inc. | 0.42% | 273,080 | $4.7M | Add +288.3% |
| MKC McCormick & Co.-Non VTG SHRS | 0.41% | 56,552 | $4.7M | Reduce -11.1% |
| CUK Carnival PLC-ADR | 0.41% | 264,307 | $4.6M | Add +12.3% |
| WHR Whirlpool Corp. | 0.41% | 51,261 | $4.6M | Add +243.5% |
| VVV Valvoline Inc. | 0.41% | 131,785 | $4.6M | Add +104.8% |
| KTB Kontoor Brands Inc. | 0.41% | 71,464 | $4.6M | Add +43.0% |
| AN Autonation Inc. | 0.41% | 28,294 | $4.6M | Add +659.4% |
| GRMN Garmin Ltd. | 0.41% | 21,074 | $4.6M | Add +15.3% |
| BLMN Bloomin' Brands Inc. | 0.41% | 637,264 | $4.6M | Add +1549.5% |
| LEN Lennar Corp. Class A | 0.41% | 39,729 | $4.6M | New |
| AMZN Amazon.com Inc. | 0.40% | 23,886 | $4.5M | Add +45.7% |
| GOOGL Alphabet Inc. Class A | 0.40% | 29,208 | $4.5M | Add +5.0% |
| LKQ LKQ Corp. | 0.38% | 101,303 | $4.3M | New |
| DUOL Duolingo | 0.38% | 13,824 | $4.3M | Add +54.5% |
| CPB The Campbell's Company | 0.38% | 105,953 | $4.2M | New |
| ACP Abrdn Income Credit Strat | 0.37% | 710,628 | $4.2M | Add +79.0% |
| CAG Conagra Brands Inc. | 0.37% | 155,361 | $4.1M | Reduce -5.4% |
| RA Brookfield Real Assets Incom | 0.37% | 313,461 | $4.1M | Reduce -74.3% |
| ALL Allstate Corp. | 0.37% | 19,907 | $4.1M | Add +169.4% |
| LLY Eli Lilly & Co. | 0.37% | 4,984 | $4.1M | Add +1.3% |
| FWONA Liberty Media Corp. Class A | 0.37% | 50,404 | $4.1M | Reduce -8.4% |
| HPQ HP Inc. | 0.37% | 148,044 | $4.1M | Add +155.2% |
| AAPL Apple Inc. | 0.35% | 17,895 | $4.0M | Add +2.6% |
| VAC Marriott Vacations World | 0.35% | 61,007 | $3.9M | Add +29.5% |
| BROS Dutch Bros Inc. Class A | 0.35% | 63,402 | $3.9M | Add +80.5% |
| CABO Cable One Inc. | 0.35% | 14,703 | $3.9M | Add +515.7% |
| MSFT Microsoft Corp. | 0.34% | 10,206 | $3.8M | Add +1.8% |
| MZTI The Marzetti Company filed as LANCASTER COLONY CORP | 0.34% | 21,736 | $3.8M | Add +176.9% |
| QCOM Qualcomm Inc. | 0.34% | 24,512 | $3.8M | Reduce -4.8% |
| CELH Celsius Holdings Inc. | 0.33% | 105,577 | $3.8M | New |
| ORCL Oracle Corp. | 0.33% | 26,230 | $3.7M | Add +3.3% |
| SG Sweetgreen Inc. Class A | 0.33% | 146,351 | $3.7M | New |
| RMD Resmed Inc. | 0.33% | 16,357 | $3.7M | Reduce -20.6% |
| JJSF J & J Snack Foods Corp. | 0.32% | 27,698 | $3.6M | New |
| COLM Columbia Sportswear Co. | 0.32% | 48,172 | $3.6M | Add +447.9% |
| VTR Ventas Inc. | 0.32% | 52,872 | $3.6M | New |
| KDP Keurig Dr Pepper Inc. | 0.32% | 106,034 | $3.6M | Add +155.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 36,343 | $3.6M | Add +51.1% |
| BBW Build-A-Bear Workshop Inc. | 0.32% | 96,110 | $3.6M | New |
| UBER Uber Technologies Inc. | 0.32% | 48,647 | $3.5M | Reduce -10.7% |
Other holdings (17): bonds, preferreds, convertibles and warrants · $56K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 82,155 | $16K | Reduce -8.4% |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 15,289 | $11K | No change |
| HPAIW Helport AI Ltd. -29 | *W EXP 03/31/202 | 19,149 | $5K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 11,415 | $5K | Reduce -8.1% |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 | 12,999 | $5K | No change |
| SCLXW Vickers Vantage Corp. I -CW27 | *W EXP 11/10/202 | 43,824 | $4K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 10,628 | $2K | No change |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 10,336 | $2K | No change |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 24,063 | $2K | No change |
| ESLAW Tradeup Acquisition Corp.-CW | *W EXP 09/29/202 | 13,682 | $1K | No change |
| ICUCW LMF Acquisition Opp -A -CW26 | *W EXP 10/28/202 | 26,199 | $920 | No change |
| ABVWF Above Food Ingredients- 29 | *W EXP 06/28/202 | 17,892 | $626 | No change |
| OCEAW Aesther Healthcare Acq -CW23 | *W EXP 02/14/202 | 14,594 | $390 | No change |
| COEPW Bull Horn Holdings Corp.-CW25 | *W EXP 10/28/202 | 32,045 | $346 | No change |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 12,837 | $186 | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 21,436 | $182 | No change |
| PITWF Heramba Electric PLC-28 | *W EXP 07/26/202 | 15,000 | $152 | No change |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q4 2024 → Q1 2025
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −3.34 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -54.3% | 1.36% | −2.67 |
| RA Brookfield Real Assets Incom | Reduce -74.3% | 0.37% | −1.36 |
| ANF Abercrombie & Fitch Co. Class A | Sold out | 0.00% | −0.90 |
| AAP Advance Auto Parts Inc. | Sold out | 0.00% | −0.68 |
| PGNY Progyny Inc. | Sold out | 0.00% | −0.64 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.59 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.49 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.49 |
| TNET Trinet Group Inc. | Sold out | 0.00% | −0.46 |
| TPR Tapestry Inc. | Reduce -68.5% | 0.18% | −0.44 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -73.5% | 0.09% | −0.43 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.42 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.40 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.39 |
| FRPT Freshpet Inc. | Sold out | 0.00% | −0.38 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.35 |
| IFN Aberdeen India Fund Inc. | Reduce -66.6% | 0.14% | −0.35 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.34 |
| LOGI Logitech International-Reg | Sold out | 0.00% | −0.33 |
| ARHS Arhaus Inc. | Sold out | 0.00% | −0.33 |
| OLLI Ollie's Bargain Outlet Holdi | Sold out | 0.00% | −0.32 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −0.32 |
| SMG Scotts Miracle-Gro Co. | Sold out | 0.00% | −0.31 |
| V Visa Inc. Class A | Reduce -26.6% | 0.67% | −0.31 |
| UPS United Parcel Service Class B | Reduce -20.5% | 0.43% | −0.31 |
| VFC VF Corp. | Sold out | 0.00% | −0.31 |
| FIGS Figs Inc. Class A | Sold out | 0.00% | −0.30 |
| SMPL The Simply Good Foods Co. | Sold out | 0.00% | −0.29 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.29 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.28 |
| FNKO Funko Inc. Class A | Reduce -38.5% | 0.10% | −0.28 |
| PTLO Portillo's Inc. Class A | Sold out | 0.00% | −0.28 |
| WSO Watsco Inc. | Sold out | 0.00% | −0.28 |
| EVGO Evgo Inc. | Sold out | 0.00% | −0.28 |
| ULTA Ulta Beauty Inc. | Reduce -89.2% | 0.02% | −0.27 |
| WDFC WD-40 Co. | Sold out | 0.00% | −0.27 |
| HFRO Highland Opport & Income | Reduce -42.4% | 0.25% | −0.26 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.26 |
| JPM JPMorgan Chase & Co. | Reduce -77.7% | 0.06% | −0.25 |
| KRUS Kura Sushi USA Inc. Class A | Sold out | 0.00% | −0.25 |
| OXM Oxford Industries Inc. | Reduce -51.1% | 0.11% | −0.25 |
| LZB La-Z-Boy Inc. | Sold out | 0.00% | −0.24 |
| RH RH | Reduce -84.6% | 0.02% | −0.24 |
| UPWK Upwork Inc. | Sold out | 0.00% | −0.24 |
| MLKN Millerknoll Inc. | Sold out | 0.00% | −0.23 |
| ELAN Elanco Animal Health Inc. | Sold out | 0.00% | −0.23 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.22 |
| CVX Chevron Corp. | Reduce -84.5% | 0.04% | −0.22 |
| TILE Interface Inc. | Reduce -79.2% | 0.04% | −0.22 |
Portfolio Buys Q4 2024 → Q1 2025
| ROOT Root Inc./Oh Class A | Add +242.7% | 1.15% | +0.93 |
| KIO KKR Income Opportunities | New | 0.88% | +0.88 |
| CUBE Cubesmart | Add +1882.3% | 0.79% | +0.74 |
| CROX Crocs Inc. | New | 0.69% | +0.69 |
| BFAM Bright Horizons Family Solut | New | 0.67% | +0.67 |
| ALGN Align Technology Inc. | Add +972.2% | 0.77% | +0.66 |
| HELE Helen of Troy Ltd. | New | 0.62% | +0.62 |
| ALC Alcon Inc. | New | 0.61% | +0.61 |
| HRB H&R Block Inc. | New | 0.58% | +0.58 |
| GWW WW Grainger Inc. | New | 0.58% | +0.58 |
| FCFS Firstcash Holdings Inc. | New | 0.55% | +0.55 |
| SGI Somnigroup International Inc. | Add +178.2% | 0.91% | +0.54 |
| CHDN Churchill Downs Inc. | New | 0.52% | +0.52 |
| TRUP Trupanion Inc. | New | 0.51% | +0.51 |
| YOU Clear Secure Inc. Class A | Add +446.3% | 0.64% | +0.49 |
| NYT New York Times Co. Class A | New | 0.48% | +0.48 |
| FL Foot Locker Inc. | New | 0.47% | +0.47 |
| LFST Lifestance Health Group Inc. | New | 0.46% | +0.46 |
| BYD Boyd Gaming Corp. | New | 0.45% | +0.45 |
| MAS Masco Corp. | Add +339.2% | 0.62% | +0.45 |
| FBIN Fortune Brands Innovations I | Add +598.3% | 0.55% | +0.44 |
| REAL The Realreal Inc. | New | 0.44% | +0.44 |
| AFRM Affirm Holdings Inc. | Add +3071.8% | 0.46% | +0.44 |
| NCLH Norwegian Cruise Line Holdin | New | 0.43% | +0.43 |
| BILL Bill Holdings Inc. | Add +2500.6% | 0.45% | +0.41 |
| LEN Lennar Corp. Class A | New | 0.41% | +0.41 |
| BBY Best Buy Co. Inc. | Add +1487.4% | 0.43% | +0.39 |
| LKQ LKQ Corp. | New | 0.38% | +0.38 |
| CPB The Campbell's Company | New | 0.38% | +0.38 |
| PINS Pinterest Inc. Class A | Add +236.6% | 0.54% | +0.36 |
| RBLX Roblox Corp. Class A | Add +162.1% | 0.66% | +0.36 |
| SJM The JM Smucker Co. | Add +537.4% | 0.43% | +0.36 |
| BLMN Bloomin' Brands Inc. | Add +1549.5% | 0.41% | +0.36 |
| INTU Intuit Inc. | Add +204.8% | 0.59% | +0.35 |
| AN Autonation Inc. | Add +659.4% | 0.41% | +0.34 |
| CELH Celsius Holdings Inc. | New | 0.33% | +0.33 |
| SG Sweetgreen Inc. Class A | New | 0.33% | +0.33 |
| JJSF J & J Snack Foods Corp. | New | 0.32% | +0.32 |
| VTR Ventas Inc. | New | 0.32% | +0.32 |
| BBW Build-A-Bear Workshop Inc. | New | 0.32% | +0.32 |
| CHI Calamos Convert Opport & Inc. | New | 0.30% | +0.30 |
| STZ Constellation Brands Inc. Class A | New | 0.30% | +0.30 |
| IBIT iShares Bitcoin Trust ETF | Add +60.1% | 1.90% | +0.30 |
| DRVN Driven Brands Holdings Inc. | Add +288.3% | 0.42% | +0.30 |
| BRBR Bellring Brands Inc. | Add +100.4% | 0.73% | +0.29 |
| ALRM Alarm.com Holdings Inc. | Add +231.6% | 0.48% | +0.29 |
| UDMY Udemy Inc. | New | 0.29% | +0.29 |
| MNRO Monro Inc. | New | 0.29% | +0.29 |
| CVSA Covista Inc. | New | 0.28% | +0.28 |
| TRIP Tripadvisor Inc. | Add +130.2% | 0.62% | +0.28 |
Notes & Other Activity Q4 2024 → Q1 2025
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | Reduce -8.4% | 82,155 | $16K |
| GRRRW Gorilla Technology Group-CW | *W EXP 99/99/999 | Sold out | 11,091 | $11Kbefore exit |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | Reduce -8.1% | 11,415 | $5K |
| CSLRF Consilium Acquisition -Right | RIGHT 99/99/9999 | Sold out | 21,223 | $3Kbefore exit |
| MMVXF Multimetaverse Holdings -27 | *W EXP 01/04/202 | Sold out | 53,653 | $1Kbefore exit |
| AILWQ Arrowroot Acquisition -CW26 | *W EXP 04/16/202 | Sold out | 18,651 | $373before 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 | 623 | $1.5B | TLT, HEI.A, STZ, SMH, MO |
| Q1 2026 | 701 | $1.6B | HEI.A, STZ, XLE, MO, AAPL |
| Q4 2025 | 684 | $1.5B | HEI.A, MNST, SPY, STZ, FOX |
| Q3 2025 | 591 | $1.6B | SHY, HEI.A, MNST, BRBR, IBIT |
| Q2 2025 | 625 | $1.3B | IBIT, HEI.A, FBTC, AFRM, ELF |
| Q1 2025 | 601 | $1.1B | HEI.A, IBIT, FBTC, ROOT, MNST |
| Q4 2024 | 684 | $942.6M | FBTC, SHY, HEI.A, RA, IBIT |
| Q3 2024 | 616 | $983.1M | FBTC, HEI.A, RA, IFN, IBIT |
| Q2 2024 | 658 | $1.2B | FBTC, HEI.A, ELF, RA, ANF |
| Q1 2024 | 683 | $1.1B | SHY, HEI.A, RA, CHD, FISV |