Landscape Capital Management, L.L.C.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Landscape Capital Management, L.L.C. reported 625 stock positions worth $1.3 billion. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 2.3% of the portfolio, followed by Heico Class A (HEI.A, 2.2%) and Fidelity Wise Origin Bitcoin (FBTC, 1.4%). Compared with Q1 2025, it opened 242 new positions, sold out of 218, added to 164 and reduced 200. The biggest buy was a new position in Elf Beauty (ELF) and the biggest sale an exit from Brinker International (EAT).
- Most Recent 13F
- Q2 2026
- Location
- Englewood, NJ
- CIK
- 0001536186
- Portfolio Value
- $1.3B (Q2 2025)
- SEC Filing
- 0000919574-25-004471 ↗ filed Aug 12, 2025
Holdings Value
Holdings 625 stocks · $1.3B
| IBIT iShares Bitcoin Trust ETF | 2.33% | 485,991 | $29.7M | Add +6.5% |
| HEI.A Heico Corp. Class A | 2.20% | 108,311 | $28.0M | Reduce -0.1% |
| FBTC Fidelity Wise Origin Bitcoin | 1.45% | 196,119 | $18.4M | Reduce -7.8% |
| AFRM Affirm Holdings Inc. | 1.19% | 218,818 | $15.1M | Add +90.2% |
| ELF Elf Beauty Inc. | 0.98% | 100,607 | $12.5M | New |
| SGI Somnigroup International Inc. | 0.98% | 183,790 | $12.5M | Add +7.8% |
| FOX Fox Corp. Class B | 0.94% | 231,144 | $11.9M | Add +12.9% |
| CRI Carter's Inc. | 0.88% | 371,266 | $11.2M | Add +122.4% |
| FIVE Five Below | 0.83% | 80,820 | $10.6M | New |
| PINS Pinterest Inc. Class A | 0.81% | 288,927 | $10.4M | Add +46.4% |
| ALGN Align Technology Inc. | 0.77% | 51,782 | $9.8M | Reduce -5.3% |
| DLTR Dollar Tree Inc. | 0.75% | 96,004 | $9.5M | New |
| BOOT Boot Barn Holdings Inc. | 0.74% | 62,276 | $9.5M | Add +139.1% |
| ROOT Root Inc./Oh Class A | 0.74% | 73,463 | $9.4M | Reduce -23.9% |
| UPST Upstart Holdings Inc. | 0.72% | 142,183 | $9.2M | Add +102.8% |
| RBLX Roblox Corp. Class A | 0.69% | 83,516 | $8.8M | Reduce -34.5% |
| BRBR Bellring Brands Inc. | 0.69% | 150,959 | $8.7M | Add +36.6% |
| CHDN Churchill Downs Inc. | 0.68% | 85,714 | $8.7M | Add +63.9% |
| GAP The Gap Inc. | 0.64% | 371,648 | $8.1M | New |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.62% | 144,653 | $7.9M | Add +22.2% |
| ROKU Roku Inc. | 0.61% | 88,393 | $7.8M | Add +169.1% |
| GRPN Groupon Inc. | 0.60% | 228,777 | $7.7M | New |
| SPHR Sphere Entertainment Co. | 0.60% | 183,015 | $7.7M | No change |
| NYT New York Times Co. Class A | 0.60% | 136,237 | $7.6M | Add +25.0% |
| CALM Cal-Maine Foods Inc. | 0.58% | 73,553 | $7.3M | Reduce -0.4% |
| TEM Tempus AI Inc. Class A | 0.57% | 113,791 | $7.2M | New |
| ALRM Alarm.com Holdings Inc. | 0.56% | 126,304 | $7.1M | Add +31.2% |
| XLE SS Energy Select Sector | 0.55% | 83,034 | $7.0M | No change |
| CHTR Charter Communications Inc. Class A | 0.54% | 16,871 | $6.9M | Add +411.7% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.54% | 70,211 | $6.9M | Add +71.0% |
| W Wayfair Inc. Class A | 0.54% | 133,743 | $6.8M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.54% | 55,042 | $6.8M | Add +51.5% |
| BBY Best Buy Co. Inc. | 0.54% | 101,552 | $6.8M | Add +53.9% |
| ROST Ross Stores Inc. | 0.53% | 53,408 | $6.8M | New |
| ALK Alaska Air Group Inc. | 0.53% | 135,861 | $6.7M | New |
| SHAK Shake Shack Inc. Class A | 0.53% | 47,660 | $6.7M | New |
| FWONA Liberty Media Corp. Class A | 0.52% | 69,300 | $6.6M | Add +37.5% |
| FDX FedEx Corp. | 0.51% | 28,605 | $6.5M | Add +46.2% |
| CUK Carnival PLC-ADR | 0.49% | 243,940 | $6.2M | Reduce -7.7% |
| UBER Uber Technologies Inc. | 0.49% | 66,483 | $6.2M | Add +36.7% |
| ULTA Ulta Beauty Inc. | 0.48% | 13,167 | $6.2M | Add +1802.8% |
| BLMN Bloomin' Brands Inc. | 0.48% | 714,962 | $6.2M | Add +12.2% |
| HPQ HP Inc. | 0.48% | 251,576 | $6.2M | Add +69.9% |
| EXR Extra Space Storage Inc. | 0.48% | 41,116 | $6.1M | Add +6.0% |
| AMZN Amazon.com Inc. | 0.47% | 27,221 | $6.0M | Add +14.0% |
| MAS Masco Corp. | 0.46% | 91,103 | $5.9M | Reduce -9.2% |
| MNST Monster Beverage Corp. | 0.46% | 92,647 | $5.8M | Reduce -54.5% |
| CVS CVS Health Corp. | 0.45% | 83,353 | $5.7M | Add +20.3% |
| BFAM Bright Horizons Family Solut | 0.45% | 46,346 | $5.7M | Reduce -21.6% |
| UPS United Parcel Service Class B | 0.45% | 56,673 | $5.7M | Add +29.9% |
| RMD Resmed Inc. | 0.44% | 21,957 | $5.7M | Add +34.2% |
| JBLU Jetblue Airways Corp. | 0.43% | 1,298,992 | $5.5M | New |
| DIN Dine Brands Global Inc. | 0.43% | 224,733 | $5.5M | Add +76.3% |
| ODD Oddity Tech Ltd. Class A | 0.42% | 71,652 | $5.4M | Add +1.5% |
| BBW Build-A-Bear Workshop Inc. | 0.42% | 104,393 | $5.4M | Add +8.6% |
| FIZZ National Beverage Corp. | 0.42% | 123,171 | $5.3M | Add +278.4% |
| RUN Sunrun Inc. | 0.41% | 644,474 | $5.3M | New |
| ALL Allstate Corp. | 0.41% | 25,953 | $5.2M | Add +30.4% |
| MTCH Match Group Inc. | 0.41% | 168,549 | $5.2M | Add +426.6% |
| GRMN Garmin Ltd. | 0.40% | 24,549 | $5.1M | Add +16.5% |
| BILL Bill Holdings Inc. | 0.40% | 109,926 | $5.1M | No change |
| GOOGL Alphabet Inc. Class A | 0.40% | 28,805 | $5.1M | Reduce -1.4% |
| TOST Toast Inc. Class A | 0.40% | 113,694 | $5.0M | Add +61.5% |
| CCI Crown Castle Inc. | 0.39% | 48,112 | $4.9M | Add +500.9% |
| VSXY Victoria's Secret & Co. | 0.38% | 264,806 | $4.9M | Add +40.3% |
| VITL Vital Farms Inc. | 0.38% | 126,294 | $4.9M | Reduce -25.7% |
| WWW Wolverine World Wide Inc. | 0.38% | 266,065 | $4.8M | New |
| LEN Lennar Corp. Class A | 0.38% | 43,438 | $4.8M | Add +9.3% |
| TRUP Trupanion Inc. | 0.38% | 86,572 | $4.8M | Reduce -43.4% |
| INTU Intuit Inc. | 0.37% | 6,002 | $4.7M | Reduce -44.0% |
| F Ford Motor Co. filed as FORD MTR CO | 0.37% | 435,631 | $4.7M | Reduce -41.5% |
| REYN Reynolds Consumer Products I | 0.37% | 218,421 | $4.7M | Add +95.7% |
| EMR Emerson Electric Co. | 0.36% | 34,402 | $4.6M | New |
| HRL Hormel Foods Corp. | 0.36% | 150,967 | $4.6M | Reduce -3.5% |
| CHI Calamos Convert Opport & Inc. | 0.36% | 433,711 | $4.6M | Add +22.7% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.36% | 951,537 | $4.6M | Add +3.4% |
| LSPD Lightspeed Commerce Inc. | 0.36% | 387,789 | $4.5M | New |
| THO Thor Industries Inc. | 0.35% | 50,529 | $4.5M | Add +64.6% |
| SMG Scotts Miracle-Gro Co. | 0.34% | 66,596 | $4.4M | New |
| NCLH Norwegian Cruise Line Holdin | 0.34% | 214,133 | $4.3M | Reduce -16.6% |
| WINA Winmark Corp. | 0.34% | 11,471 | $4.3M | New |
| VTR Ventas Inc. | 0.34% | 68,435 | $4.3M | Add +29.4% |
| OLLI Ollie's Bargain Outlet Holdi | 0.34% | 32,495 | $4.3M | New |
| CBRL Cracker Barrel Old Country | 0.33% | 69,222 | $4.2M | New |
| GPC Genuine Parts Co. | 0.33% | 34,802 | $4.2M | New |
| BYD Boyd Gaming Corp. | 0.33% | 53,442 | $4.2M | Reduce -30.9% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.32% | 79,066 | $4.1M | New |
| CCD Calamos DYN Convert & Inc. | 0.32% | 203,836 | $4.1M | New |
| YOU Clear Secure Inc. Class A | 0.32% | 146,879 | $4.1M | Reduce -46.8% |
| BKE The Buckle Inc. | 0.32% | 89,773 | $4.1M | New |
| FCFS Firstcash Holdings Inc. | 0.32% | 29,801 | $4.0M | Reduce -42.2% |
| CUBE Cubesmart | 0.31% | 94,114 | $4.0M | Reduce -54.4% |
| KIO KKR Income Opportunities | 0.31% | 318,124 | $4.0M | Reduce -60.3% |
| GT Goodyear Tire & Rubber Co. | 0.31% | 383,527 | $4.0M | Add +25.9% |
| GH Guardant Health Inc. | 0.31% | 75,621 | $3.9M | Add +138.8% |
| KR Kroger Co. | 0.30% | 53,825 | $3.9M | New |
| LFST Lifestance Health Group Inc. | 0.30% | 736,460 | $3.8M | Reduce -4.5% |
| META Meta Platforms Inc. Class A | 0.30% | 5,147 | $3.8M | Add +16.2% |
| APH Amphenol Corp. Class A | 0.30% | 38,291 | $3.8M | Add +58.3% |
| SFM Sprouts Farmers Market Inc. | 0.29% | 22,821 | $3.8M | New |
Other holdings (15): bonds, preferreds, convertibles and warrants · $47K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 24,063 | $10K | No change |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 15,289 | $7K | No change |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 74,655 | $5K | Reduce -9.1% |
| SCLXW Vickers Vantage Corp. I -CW27 | *W EXP 11/10/202 | 43,824 | $5K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 11,415 | $4K | No change |
| HPAIW Helport AI Ltd. -29 | *W EXP 03/31/202 | 19,149 | $4K | No change |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 | 12,999 | $4K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 10,628 | $3K | No change |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 10,196 | $2K | Reduce -1.4% |
| COEPW Bull Horn Holdings Corp.-CW25 | *W EXP 10/28/202 | 32,045 | $923 | No change |
| ESLAW Tradeup Acquisition Corp.-CW | *W EXP 09/29/202 | 13,682 | $650 | No change |
| ABVWF Above Food Ingredients- 29 | *W EXP 06/28/202 | 17,892 | $626 | No change |
| ICUCW LMF Acquisition Opp -A -CW26 | *W EXP 10/28/202 | 26,199 | $521 | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 21,436 | $350 | No change |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 12,837 | $285 | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q1 2025 → Q2 2025
| EAT Brinker International Inc. | Sold out | 0.00% | −0.83 |
| HIMS Hims & Hers Health Inc. | Reduce -96.1% | 0.04% | −0.70 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.69 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.67 |
| URBN Urban Outfitters Inc. | Reduce -88.2% | 0.11% | −0.63 |
| MNST Monster Beverage Corp. | Reduce -54.5% | 0.46% | −0.61 |
| TRIP Tripadvisor Inc. | Reduce -94.6% | 0.03% | −0.59 |
| KIO KKR Income Opportunities | Reduce -60.3% | 0.31% | −0.56 |
| ALC Alcon Inc. | Reduce -76.9% | 0.12% | −0.49 |
| FL Foot Locker Inc. | Sold out | 0.00% | −0.47 |
| CUBE Cubesmart | Reduce -54.4% | 0.31% | −0.47 |
| FBIN Fortune Brands Innovations I | Reduce -79.4% | 0.08% | −0.47 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.46 |
| UNH Unitedhealth Group Inc. | Reduce -51.5% | 0.16% | −0.46 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.46 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.42 |
| HELE Helen of Troy Ltd. | Reduce -28.8% | 0.21% | −0.41 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.41 |
| ROOT Root Inc./Oh Class A | Reduce -23.9% | 0.74% | −0.41 |
| NKE Nike Inc. Class B | Reduce -86.9% | 0.06% | −0.41 |
| CMCSA Comcast Corp. Class A | Reduce -79.6% | 0.09% | −0.40 |
| DUOL Duolingo | Sold out | 0.00% | −0.38 |
| VAC Marriott Vacations World | Sold out | 0.00% | −0.35 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.33 |
| SG Sweetgreen Inc. Class A | Sold out | 0.00% | −0.33 |
| JJSF J & J Snack Foods Corp. | Sold out | 0.00% | −0.32 |
| COLM Columbia Sportswear Co. | Sold out | 0.00% | −0.32 |
| YOU Clear Secure Inc. Class A | Reduce -46.8% | 0.32% | −0.32 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.31 |
| NEE Nextera Energy Inc. | Reduce -56.5% | 0.18% | −0.31 |
| MSFT Microsoft Corp. | Reduce -89.9% | 0.04% | −0.30 |
| F Ford Motor Co. | Reduce -41.5% | 0.37% | −0.29 |
| KDP Keurig Dr Pepper Inc. | Reduce -89.3% | 0.03% | −0.29 |
| LZ Legalzoomcom Inc. | Sold out | 0.00% | −0.29 |
| CPB The Campbell's Company | Reduce -66.8% | 0.08% | −0.29 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.29 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.29 |
| GWW WW Grainger Inc. | Reduce -45.9% | 0.29% | −0.29 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.28 |
| SONO Sonos Inc. | Sold out | 0.00% | −0.27 |
| MZTI The Marzetti Company | Reduce -76.4% | 0.07% | −0.27 |
| RA Brookfield Real Assets Incom | Reduce -66.6% | 0.11% | −0.26 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −0.26 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.25 |
| CAKE The Cheesecake Factory Inc. | Sold out | 0.00% | −0.25 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.25 |
| ACP Abrdn Income Credit Strat | Reduce -60.3% | 0.13% | −0.24 |
| LOVE The Lovesac Co. | Sold out | 0.00% | −0.24 |
| DRVN Driven Brands Holdings Inc. | Reduce -52.4% | 0.18% | −0.24 |
| GRND Grindr Inc. | Reduce -92.8% | 0.02% | −0.24 |
Portfolio Buys Q1 2025 → Q2 2025
| ELF Elf Beauty Inc. | New | 0.98% | +0.98 |
| FIVE Five Below | New | 0.83% | +0.83 |
| DLTR Dollar Tree Inc. | New | 0.75% | +0.75 |
| AFRM Affirm Holdings Inc. | Add +90.2% | 1.19% | +0.72 |
| GAP The Gap Inc. | New | 0.64% | +0.64 |
| GRPN Groupon Inc. | New | 0.60% | +0.60 |
| TEM Tempus AI Inc. Class A | New | 0.57% | +0.57 |
| W Wayfair Inc. Class A | New | 0.54% | +0.54 |
| ROST Ross Stores Inc. | New | 0.53% | +0.53 |
| ALK Alaska Air Group Inc. | New | 0.53% | +0.53 |
| SHAK Shake Shack Inc. Class A | New | 0.53% | +0.53 |
| BOOT Boot Barn Holdings Inc. | Add +139.1% | 0.74% | +0.49 |
| ULTA Ulta Beauty Inc. | Add +1802.8% | 0.48% | +0.46 |
| UPST Upstart Holdings Inc. | Add +102.8% | 0.72% | +0.43 |
| CHTR Charter Communications Inc. Class A | Add +411.7% | 0.54% | +0.43 |
| IBIT iShares Bitcoin Trust ETF | Add +6.5% | 2.33% | +0.43 |
| JBLU Jetblue Airways Corp. | New | 0.43% | +0.43 |
| RUN Sunrun Inc. | New | 0.41% | +0.41 |
| ROKU Roku Inc. | Add +169.1% | 0.61% | +0.40 |
| WWW Wolverine World Wide Inc. | New | 0.38% | +0.38 |
| EMR Emerson Electric Co. | New | 0.36% | +0.36 |
| LSPD Lightspeed Commerce Inc. | New | 0.36% | +0.36 |
| SMG Scotts Miracle-Gro Co. | New | 0.34% | +0.34 |
| WINA Winmark Corp. | New | 0.34% | +0.34 |
| OLLI Ollie's Bargain Outlet Holdi | New | 0.34% | +0.34 |
| CBRL Cracker Barrel Old Country | New | 0.33% | +0.33 |
| GPC Genuine Parts Co. | New | 0.33% | +0.33 |
| ONON On Holding AG Class A | New | 0.32% | +0.32 |
| CCD Calamos DYN Convert & Inc. | New | 0.32% | +0.32 |
| MTCH Match Group Inc. | Add +426.6% | 0.41% | +0.32 |
| BKE The Buckle Inc. | New | 0.32% | +0.32 |
| CCI Crown Castle Inc. | Add +500.9% | 0.39% | +0.31 |
| KR Kroger Co. | New | 0.30% | +0.30 |
| FIZZ National Beverage Corp. | Add +278.4% | 0.42% | +0.30 |
| SFM Sprouts Farmers Market Inc. | New | 0.29% | +0.29 |
| DASH DoorDash Inc. Class A | New | 0.29% | +0.29 |
| CRI Carter's Inc. | Add +122.4% | 0.88% | +0.27 |
| PINS Pinterest Inc. Class A | Add +46.4% | 0.81% | +0.27 |
| KO The Coca-Cola Co. | New | 0.24% | +0.24 |
| UTZ Utz Brands Inc. | New | 0.23% | +0.23 |
| ANET Arista Networks Inc. | New | 0.22% | +0.22 |
| CLSK Cleanspark Inc. | Add +628.9% | 0.25% | +0.22 |
| TMUS T-Mobile US Inc. | New | 0.22% | +0.22 |
| DIS The Walt Disney Co. | Add +51.5% | 0.54% | +0.22 |
| WDC Western Digital Corp. | New | 0.22% | +0.22 |
| RDDT Reddit Inc. Class A | New | 0.21% | +0.21 |
| MCD McDonald's Corp. | New | 0.20% | +0.20 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.20% | +0.20 |
| D Dominion Energy Inc. | New | 0.20% | +0.20 |
| TXN Texas Instruments Inc. | Add +257.7% | 0.28% | +0.20 |
Notes & Other Activity Q1 2025 → Q2 2025
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | Reduce -9.1% | 74,655 | $5K |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | Reduce -1.4% | 10,196 | $2K |
| OCEAW Aesther Healthcare Acq -CW23 | *W EXP 02/14/202 | Sold out | 14,594 | $390before exit |
| PITWF Heramba Electric PLC-28 | *W EXP 07/26/202 | Sold out | 15,000 | $152before 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 |