Logan Stone Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Logan Stone Capital, LLC reported 70 stock positions worth $214.3 million. Its top holding was iShares Broad Usd High Yield (USHY) at 16.9% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 11.9%) and News Class A (NWSA, 7.0%). Compared with Q4 2024, it opened 6 new positions, sold out of 49, added to 20 and reduced 43. The biggest buy was a new position in iShares Broad Usd High Yield (USHY) and the biggest sale an exit from iShares Ethereum Trust ETF (ETHA).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001535521
- Portfolio Value
- $214.3M (Q1 2025)
- SEC Filing
- 0001214659-25-007826 ↗ filed May 15, 2025
Holdings Value
Holdings 70 stocks · $214.3M
| USHY iShares Broad Usd High Yield | 16.90% | 983,933 | $36.2M | New |
| IBIT iShares Bitcoin Trust ETF | 11.86% | 542,904 | $25.4M | Reduce -47.6% |
| NWSA News Corp. Class A | 7.04% | 554,640 | $15.1M | Reduce -25.3% |
| JNK SS SPDR BB High Yield Bond | 7.04% | 158,223 | $15.1M | Reduce -40.3% |
| SRLN SS Blackstone Sr Loan ETF | 5.69% | 296,586 | $12.2M | Reduce -24.3% |
| BTT BlackRock 2030 Muni TRGT TRM | 4.41% | 445,494 | $9.5M | Reduce -47.9% |
| VNQ Vanguard Real Estate ETF | 3.07% | 72,577 | $6.6M | Add +1713.5% |
| LEO BNY Mellon Strategic Muni | 3.06% | 1,072,819 | $6.6M | Reduce -13.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.94% | 11,263 | $6.3M | Add +453.5% |
| CENTA Central Garden and Pet Co. Class A | 2.80% | 183,144 | $6.0M | Reduce -54.2% |
| AGG iShares Core U.S. Aggregate | 2.37% | 51,273 | $5.1M | Add +19.1% |
| EMB iShares JP Morgan Usd Emergi | 2.23% | 52,760 | $4.8M | Add +30.2% |
| DMB BNY Mellon Muni BND Infra | 1.58% | 319,638 | $3.4M | Reduce -5.5% |
| IGF iShares Global Infrastructur | 1.28% | 50,369 | $2.8M | New |
| XMVTX BlackRock Munivest Fund II | 1.21% | 245,420 | $2.6M | Reduce -5.2% |
| XGDVX Gabelli Dividend & Income TR | 1.06% | 94,207 | $2.3M | Reduce -6.2% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 1.02% | 377,275 | $2.2M | Reduce -6.0% |
| MFM Aberdeen Municipal Income | 1.00% | 404,903 | $2.1M | Add +0.6% |
| XPCKX PIMCO California Municipa II | 0.98% | 373,843 | $2.1M | Add +18.5% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.96% | 183,434 | $2.1M | Reduce -18.7% |
| MHD BlackRock Muniholdings Fund | 0.95% | 173,759 | $2.0M | Reduce -37.5% |
| VFL Abrdn National Municipal Inc. | 0.90% | 190,084 | $1.9M | Reduce -7.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.83% | 3,776 | $1.8M | Add +39.3% |
| AFB Allianceberstein NTL Muni | 0.82% | 161,108 | $1.7M | Add +5.3% |
| XBKNX BlackRock Invest QLTY Muni | 0.80% | 148,440 | $1.7M | Reduce -9.0% |
| XPCQX PIMCO California Muni Inc. FD | 0.79% | 192,372 | $1.7M | Add +65.9% |
| MUE BlackRock Munihold QLT FD II | 0.77% | 165,867 | $1.7M | Reduce -16.8% |
| RMI Rivernorth Opport Muni Inc. | 0.76% | 109,050 | $1.6M | Reduce -3.3% |
| BYM BlackRock Muni Inc. QLTY | 0.76% | 150,862 | $1.6M | Add +18.1% |
| PNI PIMCO NY Muni Inc. II FND | 0.74% | 222,775 | $1.6M | Add +33.2% |
| DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC | 0.70% | 208,953 | $1.5M | Add +73.4% |
| MIY BlackRock Muniyield Mi QLTY | 0.70% | 131,554 | $1.5M | Reduce -20.3% |
| XRMMX Rvrnrth MGD Dur Muni Inc. filed as RIVERNORTH MANAGED DUR MUN I | 0.70% | 104,458 | $1.5M | Add +26.3% |
| VT Vanguard Tot World STK ETF | 0.65% | 12,009 | $1.4M | Add +32.9% |
| DVY iShares Select Dividend ETF | 0.59% | 9,446 | $1.3M | New |
| XPZCX PIMCO California Muni FD III | 0.58% | 191,345 | $1.2M | Add +65.2% |
| MUC BlackRock Munihold Ca QLTY | 0.58% | 115,798 | $1.2M | Reduce -57.2% |
| NBH Neuberger Municipal Fund Inc. | 0.55% | 112,512 | $1.2M | Reduce -31.7% |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.53% | 138,340 | $1.1M | Reduce -28.8% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.48% | 67,722 | $1.0M | Reduce -17.4% |
| CXE MFS High Income Municipal TR | 0.45% | 260,564 | $961K | Add +8.2% |
| MUJ BlackRock Munihold NJ QLTY | 0.44% | 84,353 | $949K | Reduce -37.3% |
| FMN Federated Herm Prem Muni Inc. | 0.43% | 84,495 | $918K | Add +78.7% |
| XBFZX BlackRock Ca Muni Inc. TR | 0.43% | 83,008 | $911K | New |
| MXF Mexico Fund Inc. | 0.38% | 57,195 | $814K | Reduce -29.7% |
| NCA Nuveen California Muni Val | 0.37% | 92,578 | $801K | Reduce -45.7% |
| ETG Eaton Vance T/A GL DVD Incm | 0.34% | 39,501 | $720K | Reduce -28.6% |
| RFM Rivernorth Flexible Muni | 0.33% | 47,453 | $701K | Reduce -38.0% |
| IWM iShares Russell 2000 ETF | 0.32% | 3,431 | $684K | Reduce -62.6% |
| XMQTX BlackRock Muniyield QLTY II | 0.30% | 64,064 | $641K | Reduce -18.0% |
| OIA Invesco Municipal Income Opp | 0.30% | 105,814 | $637K | Reduce -42.3% |
| XTEAX Tortoise Sust&social Imp Ter | 0.30% | 55,978 | $636K | Reduce -10.7% |
| PYN PIMCO New York Muni FND III | 0.30% | 112,261 | $633K | Reduce -1.2% |
| CEV Eaton Vance Ca Muni Inc. TRST | 0.29% | 62,025 | $621K | Add +11.8% |
| NCV Virtus Convertible & Income | 0.29% | 47,278 | $611K | New |
| XEXGX Eaton Vance Tax-Managed Glob | 0.25% | 67,108 | $546K | Reduce -79.7% |
| EOD Allspring Global Dividend Op | 0.21% | 90,144 | $446K | Reduce -2.3% |
| EMF Templeton Emerging Markets | 0.21% | 34,289 | $441K | Reduce -64.5% |
| XBNYX BlackRock New York Muni Inc. | 0.20% | 41,085 | $418K | Reduce -76.3% |
| XPNFX PIMCO New York Muni Inc. FD | 0.18% | 52,305 | $392K | Reduce -18.9% |
| AEF Abrdn Emerging Markets Ex CH | 0.16% | 68,534 | $340K | No change |
| RMT Royce Micro-Cap Trust Inc. | 0.15% | 39,319 | $331K | Reduce -57.2% |
| MYN BlackRock Muniyield NY QLTY | 0.14% | 29,649 | $294K | Reduce -2.6% |
| XAODX Abrdn Total Dynamic Dividend | 0.13% | 33,508 | $281K | Reduce -79.4% |
| RWX State Street SPDR Dow Jones | 0.12% | 10,717 | $262K | Reduce -57.3% |
| BATRK Atlanta Braves Holdings in-C | 0.12% | 6,254 | $250K | New |
| EEA The European Equity Fund Inc. | 0.10% | 22,801 | $207K | Add +2.6% |
| BFK BlackRock Municipal Inc. TRST | 0.07% | 16,002 | $158K | Reduce -81.5% |
| SBI Western Asset Intermediate | 0.04% | 11,574 | $90K | Reduce -26.4% |
| URBAN ONE INC | 0.01% | 23,150 | $17K | Add +39.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $252K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 14,719 | $252K | New |
Total filed on the 13F, all lines: $214.6M.
Portfolio Sells Q4 2024 → Q1 2025
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −8.30 |
| IBIT iShares Bitcoin Trust ETF | Reduce -47.6% | 11.86% | −6.53 |
| CENTA Central Garden and Pet Co. Class A | Reduce -54.2% | 2.80% | −1.63 |
| CWB SS SPDR BB Conv Sec ETF | Sold out | 0.00% | −1.58 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -47.9% | 4.41% | −1.48 |
| JNK SS SPDR BB High Yield Bond | Reduce -40.3% | 7.04% | −1.44 |
| UHAL.B U-Haul Holding Co.-Non Voting | Sold out | 0.00% | −1.11 |
| PTA Cohen & Steers Tax-Advantage | Sold out | 0.00% | −0.78 |
| XEXGX Eaton Vance Tax-Managed Glob | Reduce -79.7% | 0.25% | −0.65 |
| CLRCF Climaterock Class A | Sold out | 0.00% | −0.62 |
| PLMJF Plum Acquisition Corp. III | Sold out | 0.00% | −0.58 |
| BUJA Bukit Jalil Global Acquisiti | Sold out | 0.00% | −0.56 |
| LGF.B Lions Gate Entertainment-B | Sold out | 0.00% | −0.56 |
| EGRVF Evergreen Corporation Class A | Sold out | 0.00% | −0.54 |
| TETEF Technology & Telecommunicati | Sold out | 0.00% | −0.40 |
| XBNYX BlackRock New York Muni Inc. | Reduce -76.3% | 0.20% | −0.40 |
| MUC BlackRock Munihold Ca QLTY | Reduce -57.2% | 0.58% | −0.38 |
| IWM iShares Russell 2000 ETF | Reduce -62.6% | 0.32% | −0.36 |
| XMYDX BlackRock Muniyield Fund | Sold out | 0.00% | −0.34 |
| XAODX Abrdn Total Dynamic Dividend | Reduce -79.4% | 0.13% | −0.33 |
| NEW AMERICA HIGH INCOME FUND | Sold out | 0.00% | −0.32 |
| NMCO Nuveen Municipal Credit Opp | Sold out | 0.00% | −0.32 |
| XEVMX Eaton Vance Cal Muni Bond | Sold out | 0.00% | −0.30 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Sold out | 0.00% | −0.28 |
| NNY Nuveen New York Muni Val | Sold out | 0.00% | −0.26 |
| EWU iShares MSCI United Kingdom | Sold out | 0.00% | −0.25 |
| GF The New Germany Fund Inc. | Sold out | 0.00% | −0.24 |
| NDMO Nuveen Dynamic Municipal Opp | Sold out | 0.00% | −0.24 |
| BFK BlackRock Municipal Inc. TRST | Reduce -81.5% | 0.07% | −0.21 |
| NIM Nuveen Select Maturit Muni | Sold out | 0.00% | −0.20 |
| ADX Adams Diversified Equity | Sold out | 0.00% | −0.20 |
| EWA iShares MSCI Australia ETF | Sold out | 0.00% | −0.18 |
| EMF Templeton Emerging Markets | Reduce -64.5% | 0.21% | −0.18 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.15 |
| RMT Royce Micro-Cap Trust Inc. | Reduce -57.2% | 0.15% | −0.15 |
| NUW Nuveen Amt-Free Muni Val | Sold out | 0.00% | −0.14 |
| KF Korea Fund Inc. | Sold out | 0.00% | −0.14 |
| XMVFX BlackRock Munivest Fund | Sold out | 0.00% | −0.14 |
| ERH Allspring Utilities and High | Sold out | 0.00% | −0.13 |
| MHD BlackRock Muniholdings Fund | Reduce -37.5% | 0.95% | −0.13 |
| PMO Franklin Muncipl Opps Tst-Ui | Sold out | 0.00% | −0.12 |
| IQI Invesco Quality Muni Inc. TR | Sold out | 0.00% | −0.12 |
| IFN Aberdeen India Fund Inc. | Sold out | 0.00% | −0.12 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.11 |
| NCA Nuveen California Muni Val | Reduce -45.7% | 0.37% | −0.11 |
| HERZ Herzfeld Credit Income Fund | Sold out | 0.00% | −0.10 |
| EOT Eaton Vance National Municip | Sold out | 0.00% | −0.10 |
| HEQ John Hancock Divers Inc. Fund | Sold out | 0.00% | −0.09 |
| PMM Franklin Managed Municipal I | Sold out | 0.00% | −0.08 |
| SWZ Total Return Securities Fund | Sold out | 0.00% | −0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| USHY iShares Broad Usd High Yield | New | 16.90% | +16.90 |
| VNQ Vanguard Real Estate ETF | Add +1713.5% | 3.07% | +2.95 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +453.5% | 2.94% | +2.54 |
| IGF iShares Global Infrastructur | New | 1.28% | +1.28 |
| EMB iShares JP Morgan Usd Emergi | Add +30.2% | 2.23% | +1.02 |
| AGG iShares Core U.S. Aggregate | Add +19.1% | 2.37% | +0.97 |
| DVY iShares Select Dividend ETF | New | 0.59% | +0.59 |
| XPCQX PIMCO California Muni Inc. FD | Add +65.9% | 0.79% | +0.44 |
| XBFZX BlackRock Ca Muni Inc. TR | New | 0.43% | +0.43 |
| DMF BNYM Municipal Income | Add +73.4% | 0.70% | +0.41 |
| XPCKX PIMCO California Municipa II | Add +18.5% | 0.98% | +0.38 |
| QQQ Invesco QQQ Trust Series 1 | Add +39.3% | 0.83% | +0.36 |
| PNI PIMCO NY Muni Inc. II FND | Add +33.2% | 0.74% | +0.34 |
| XPZCX PIMCO California Muni FD III | Add +65.2% | 0.58% | +0.32 |
| XRMMX Rvrnrth MGD Dur Muni Inc. | Add +26.3% | 0.70% | +0.30 |
| BYM BlackRock Muni Inc. QLTY | Add +18.1% | 0.76% | +0.29 |
| VT Vanguard Tot World STK ETF | Add +32.9% | 0.65% | +0.29 |
| NCV Virtus Convertible & Income | New | 0.29% | +0.29 |
| MFM Aberdeen Municipal Income | Add +0.6% | 1.00% | +0.28 |
| AFB Allianceberstein NTL Muni | Add +5.3% | 0.82% | +0.26 |
| FMN Federated Herm Prem Muni Inc. | Add +78.7% | 0.43% | +0.26 |
| CXE MFS High Income Municipal TR | Add +8.2% | 0.45% | +0.15 |
| BATRK Atlanta Braves Holdings in-C | New | 0.12% | +0.12 |
| CEV Eaton Vance Ca Muni Inc. TRST | Add +11.8% | 0.29% | +0.10 |
| EEA The European Equity Fund Inc. | Add +2.6% | 0.10% | +0.04 |
| URBAN ONE INC | Add +39.7% | 0.01% | +0.00 |
Notes & Other Activity Q4 2024 → Q1 2025
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | New | 14,719 | $252K |
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 | 154 | $473.1M | FOX, HEI.A, VTEB, LLYVK, BELFA |
| Q1 2026 | 132 | $360.0M | FOX, HEI.A, VTEB, GOF, NWSA |
| Q4 2025 | 150 | $405.5M | IBIT, FOX, ETH, PDI, NWSA |
| Q3 2025 | 66 | $220.2M | USHY, SSK, FOX, ETHA, IBIT |
| Q2 2025 | 77 | $212.4M | IBIT, ETHA, SPY, ETH, USHY |
| Q1 2025 | 70 | $214.3M | USHY, IBIT, NWSA, JNK, SRLN |
| Q4 2024 | 113 | $298.7M | IBIT, JNK, ETHA, NWSA, BTT |
| Q3 2024 | 129 | $401.3M | JNK, IBIT, LBRDK, AGG, BTT |
| Q2 2024 | 155 | $387.4M | JNK, IBIT, NAD, BTT, SRLN |
| Q1 2024 | 143 | $465.3M | JNK, NAD, IBIT, NVG, XNEAX |