Logan Stone Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Logan Stone Capital, LLC reported 77 stock positions worth $212.4 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 29.0% of the portfolio, followed by iShares Ethereum Trust ETF (ETHA, 12.4%) and SS SPDR S&P 500 ETF Trust-US (SPY, 6.1%). Compared with Q1 2025, it opened 27 new positions, sold out of 20, added to 12 and reduced 37. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +85%) and the biggest sale iShares Broad Usd High Yield (USHY, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001535521
- Portfolio Value
- $212.4M (Q2 2025)
- SEC Filing
- 0001214659-25-012221 ↗ filed Aug 14, 2025
Holdings Value
Holdings 77 stocks · $212.4M
| IBIT iShares Bitcoin Trust ETF | 28.96% | 1,004,850 | $61.5M | Add +85.1% |
| ETHA iShares Ethereum Trust ETF | 12.39% | 1,379,690 | $26.3M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 6.07% | 20,876 | $12.9M | Add +85.3% |
| ETH Grayscale Ethereum Staking M | 5.69% | 509,399 | $12.1M | New |
| USHY iShares Broad Usd High Yield | 5.40% | 305,733 | $11.5M | Reduce -68.9% |
| SRLN SS Blackstone Sr Loan ETF | 3.15% | 160,718 | $6.7M | Reduce -45.8% |
| LEO BNY Mellon Strategic Muni | 2.93% | 1,049,643 | $6.2M | Reduce -2.2% |
| AGG iShares Core U.S. Aggregate | 2.31% | 49,363 | $4.9M | Reduce -3.7% |
| IGF iShares Global Infrastructur | 2.28% | 81,907 | $4.8M | Add +62.6% |
| ARES ACQUISITION CORP II | 1.68% | 315,275 | $3.6M | New |
| EZU iShares MSCI Eurozone ETF | 1.62% | 57,935 | $3.4M | New |
| VNQ Vanguard Real Estate ETF | 1.43% | 34,135 | $3.0M | Reduce -53.0% |
| DMB BNY Mellon Muni BND Infra | 1.28% | 266,375 | $2.7M | Reduce -16.7% |
| MFM Aberdeen Municipal Income | 1.20% | 491,734 | $2.5M | Add +21.4% |
| DVY iShares Select Dividend ETF | 1.16% | 18,598 | $2.5M | Add +96.9% |
| XPHTX Pioneer High Income Fund | 1.06% | 277,812 | $2.2M | New |
| XMVTX BlackRock Munivest Fund II | 1.06% | 217,747 | $2.2M | Reduce -11.3% |
| XPCKX PIMCO California Municipa II | 0.97% | 382,505 | $2.1M | Add +2.3% |
| FBTC Fidelity Wise Origin Bitcoin | 0.96% | 21,700 | $2.0M | New |
| COPL Copley Acquisition Corp. Class A | 0.90% | 189,723 | $1.9M | New |
| AFB Allianceberstein NTL Muni | 0.79% | 162,127 | $1.7M | Add +0.6% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.78% | 294,867 | $1.7M | Reduce -21.8% |
| MHD BlackRock Muniholdings Fund | 0.75% | 142,320 | $1.6M | Reduce -18.1% |
| RMI Rivernorth Opport Muni Inc. | 0.70% | 104,231 | $1.5M | Reduce -4.4% |
| BYM BlackRock Muni Inc. QLTY | 0.69% | 138,567 | $1.5M | Reduce -8.2% |
| XRMMX Rvrnrth MGD Dur Muni Inc. filed as RIVERNORTH MANAGED DUR MUN I | 0.69% | 108,654 | $1.5M | Add +4.0% |
| VFL Abrdn National Municipal Inc. | 0.68% | 150,325 | $1.5M | Reduce -20.9% |
| PNI PIMCO NY Muni Inc. II FND | 0.68% | 214,375 | $1.4M | Reduce -3.8% |
| XBKNX BlackRock Invest QLTY Muni | 0.60% | 117,375 | $1.3M | Reduce -20.9% |
| MUE BlackRock Munihold QLT FD II | 0.58% | 129,344 | $1.2M | Reduce -22.0% |
| XPCQX PIMCO California Muni Inc. FD | 0.58% | 142,319 | $1.2M | Reduce -26.0% |
| CAPN Cayson Acquisition Corp. | 0.57% | 116,406 | $1.2M | New |
| XPZCX PIMCO California Muni FD III | 0.45% | 154,095 | $960K | Reduce -19.5% |
| EMB iShares JP Morgan Usd Emergi | 0.43% | 9,967 | $923K | Reduce -81.1% |
| RFM Rivernorth Flexible Muni | 0.43% | 65,362 | $912K | Add +37.7% |
| CXE MFS High Income Municipal TR | 0.43% | 253,564 | $908K | Reduce -2.7% |
| FMN Federated Herm Prem Muni Inc. | 0.40% | 79,435 | $845K | Reduce -6.0% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.39% | 37,566 | $822K | Reduce -91.6% |
| COLA Columbus Acquisition Corp. | 0.37% | 77,684 | $787K | New |
| NBH Neuberger Municipal Fund Inc. | 0.36% | 78,012 | $767K | Reduce -30.7% |
| EFA iShares MSCI Eafe ETF | 0.35% | 8,333 | $745K | New |
| MUC BlackRock Munihold Ca QLTY | 0.35% | 71,251 | $737K | Reduce -38.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 1,283 | $708K | Reduce -66.0% |
| MXF Mexico Fund Inc. | 0.32% | 39,010 | $685K | Reduce -31.8% |
| PYN PIMCO New York Muni FND III | 0.31% | 124,391 | $652K | Add +10.8% |
| DMAA Drugs Made in America Acquis | 0.29% | 60,991 | $622K | New |
| KBE SS SPDR S&P Bank ETF | 0.26% | 9,983 | $557K | New |
| EWU iShares MSCI United Kingdom | 0.24% | 12,687 | $504K | New |
| QSEA Quartzsea Acquisition Corp. | 0.24% | 50,053 | $503K | New |
| XHNWX Pioneer Diversified High | 0.23% | 38,633 | $483K | New |
| XLF SS Financial Select Sector | 0.23% | 9,128 | $478K | New |
| XMHIX Pioneer Muni High Inc. TR | 0.22% | 50,561 | $463K | New |
| XMVFX BlackRock Munivest Fund | 0.20% | 65,059 | $428K | New |
| SBI Western Asset Intermediate | 0.18% | 51,748 | $389K | Add +347.1% |
| XPNFX PIMCO New York Muni Inc. FD | 0.18% | 53,268 | $372K | Add +1.8% |
| CEV Eaton Vance Ca Muni Inc. TRST | 0.18% | 38,394 | $372K | Reduce -38.1% |
| XPHDX Pioneer Floating Rate Fund | 0.17% | 37,707 | $370K | New |
| XPMAX Pioneer Municipal High Inc. | 0.17% | 43,279 | $359K | New |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.15% | 37,132 | $321K | Reduce -73.2% |
| AAM Aa Mission Acquisition Cor-A | 0.15% | 29,719 | $310K | New |
| JNK SS SPDR BB High Yield Bond | 0.14% | 3,106 | $302K | Reduce -98.0% |
| RWX State Street SPDR Dow Jones | 0.13% | 10,317 | $283K | Reduce -3.7% |
| SZZL Sizzle Acquisition Corp. Class A | 0.13% | 26,560 | $267K | New |
| XBNYX BlackRock New York Muni Inc. | 0.12% | 26,520 | $256K | Reduce -35.5% |
| XTEAX Tortoise Sust&social Imp Ter | 0.11% | 19,757 | $242K | Reduce -64.7% |
| BGX Blackstone Long-Short Credit | 0.11% | 18,925 | $235K | New |
| EEA The European Equity Fund Inc. | 0.09% | 19,181 | $196K | Reduce -15.9% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.09% | 12,802 | $189K | Reduce -81.1% |
| BWG Brandywineglobal Global Inco | 0.08% | 19,208 | $160K | New |
| MPA BlackRock Muniyield Pa Qltyv | 0.07% | 13,705 | $148K | New |
| XMQTX BlackRock Muniyield QLTY II | 0.07% | 15,329 | $148K | Reduce -76.1% |
| MYN BlackRock Muniyield NY QLTY | 0.06% | 13,374 | $127K | Reduce -54.9% |
| EOD Allspring Global Dividend Op | 0.06% | 22,235 | $120K | Reduce -75.3% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.06% | 10,499 | $118K | Reduce -94.3% |
| MHN BlackRock Muniholding NY QLT | 0.05% | 11,663 | $115K | New |
| EVF Eaton Vance Senior Income TR | 0.04% | 15,042 | $86K | New |
| URBAN ONE INC | 0.01% | 23,150 | $15K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $180K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 10,227 | $180K | Reduce -30.5% |
Total filed on the 13F, all lines: $212.5M.
Portfolio Sells Q1 2025 → Q2 2025
| USHY iShares Broad Usd High Yield | Reduce -68.9% | 5.40% | −11.50 |
| NWSA News Corp. Class A | Sold out | 0.00% | −7.04 |
| JNK SS SPDR BB High Yield Bond | Reduce -98.0% | 0.14% | −6.89 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -91.6% | 0.39% | −4.03 |
| CENTA Central Garden and Pet Co. Class A | Sold out | 0.00% | −2.80 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -45.8% | 3.15% | −2.54 |
| EMB iShares JP Morgan Usd Emergi | Reduce -81.1% | 0.43% | −1.80 |
| VNQ Vanguard Real Estate ETF | Reduce -53.0% | 1.43% | −1.63 |
| XGDVX Gabelli Dividend & Income TR | Sold out | 0.00% | −1.06 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Reduce -94.3% | 0.06% | −0.90 |
| DMF BNYM Municipal Income | Sold out | 0.00% | −0.70 |
| MIY BlackRock Muniyield Mi QLTY | Sold out | 0.00% | −0.70 |
| VT Vanguard Tot World STK ETF | Sold out | 0.00% | −0.65 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -66.0% | 0.33% | −0.49 |
| MUJ BlackRock Munihold NJ QLTY | Sold out | 0.00% | −0.44 |
| XBFZX BlackRock Ca Muni Inc. TR | Sold out | 0.00% | −0.43 |
| MMD Nylim Mackay Definedterm Mun | Reduce -81.1% | 0.09% | −0.39 |
| ETW Eaton Vance T/M GLBL Buy-WR | Reduce -73.2% | 0.15% | −0.38 |
| NCA Nuveen California Muni Val | Sold out | 0.00% | −0.37 |
| ETG Eaton Vance T/A GL DVD Incm | Sold out | 0.00% | −0.34 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.32 |
| OIA Invesco Municipal Income Opp | Sold out | 0.00% | −0.30 |
| DMB BNY Mellon Muni BND Infra | Reduce -16.7% | 1.28% | −0.29 |
| NCV Virtus Convertible & Income | Sold out | 0.00% | −0.29 |
| XEXGX Eaton Vance Tax-Managed Glob | Sold out | 0.00% | −0.25 |
| DSM BNYM Strat Muni BND | Reduce -21.8% | 0.78% | −0.24 |
| MUC BlackRock Munihold Ca QLTY | Reduce -38.5% | 0.35% | −0.23 |
| XMQTX BlackRock Muniyield QLTY II | Reduce -76.1% | 0.07% | −0.23 |
| XPCQX PIMCO California Muni Inc. FD | Reduce -26.0% | 0.58% | −0.22 |
| VFL Abrdn National Municipal Inc. | Reduce -20.9% | 0.68% | −0.22 |
| EMF Templeton Emerging Markets | Sold out | 0.00% | −0.21 |
| MHD BlackRock Muniholdings Fund | Reduce -18.1% | 0.75% | −0.20 |
| XBKNX BlackRock Invest QLTY Muni | Reduce -20.9% | 0.60% | −0.19 |
| MUE BlackRock Munihold QLT FD II | Reduce -22.0% | 0.58% | −0.19 |
| NBH Neuberger Municipal Fund Inc. | Reduce -30.7% | 0.36% | −0.18 |
| XTEAX Tortoise Sust&social Imp Ter | Reduce -64.7% | 0.11% | −0.18 |
| AEF Abrdn Emerging Markets Ex CH | Sold out | 0.00% | −0.16 |
| RMT Royce Micro-Cap Trust Inc. | Sold out | 0.00% | −0.15 |
| XMVTX BlackRock Munivest Fund II | Reduce -11.3% | 1.06% | −0.15 |
| EOD Allspring Global Dividend Op | Reduce -75.3% | 0.06% | −0.15 |
| LEO BNY Mellon Strategic Muni | Reduce -2.2% | 2.93% | −0.14 |
| XAODX Abrdn Total Dynamic Dividend | Sold out | 0.00% | −0.13 |
| XPZCX PIMCO California Muni FD III | Reduce -19.5% | 0.45% | −0.13 |
| BATRK Atlanta Braves Holdings in-C | Sold out | 0.00% | −0.12 |
| CEV Eaton Vance Ca Muni Inc. TRST | Reduce -38.1% | 0.18% | −0.11 |
| MYN BlackRock Muniyield NY QLTY | Reduce -54.9% | 0.06% | −0.08 |
| XBNYX BlackRock New York Muni Inc. | Reduce -35.5% | 0.12% | −0.07 |
| BFK BlackRock Municipal Inc. TRST | Sold out | 0.00% | −0.07 |
| BYM BlackRock Muni Inc. QLTY | Reduce -8.2% | 0.69% | −0.07 |
| AGG iShares Core U.S. Aggregate | Reduce -3.7% | 2.31% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| IBIT iShares Bitcoin Trust ETF | Add +85.1% | 28.96% | +17.11 |
| ETHA iShares Ethereum Trust ETF | New | 12.39% | +12.39 |
| ETH Grayscale Ethereum Staking M | New | 5.69% | +5.69 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +85.3% | 6.07% | +3.13 |
| ARES ACQUISITION CORP II | New | 1.68% | +1.68 |
| EZU iShares MSCI Eurozone ETF | New | 1.62% | +1.62 |
| XPHTX Pioneer High Income Fund | New | 1.06% | +1.06 |
| IGF iShares Global Infrastructur | Add +62.6% | 2.28% | +1.00 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.96% | +0.96 |
| COPL Copley Acquisition Corp. Class A | New | 0.90% | +0.90 |
| DVY iShares Select Dividend ETF | Add +96.9% | 1.16% | +0.57 |
| CAPN Cayson Acquisition Corp. | New | 0.57% | +0.57 |
| COLA Columbus Acquisition Corp. | New | 0.37% | +0.37 |
| EFA iShares MSCI Eafe ETF | New | 0.35% | +0.35 |
| DMAA Drugs Made in America Acquis | New | 0.29% | +0.29 |
| KBE SS SPDR S&P Bank ETF | New | 0.26% | +0.26 |
| EWU iShares MSCI United Kingdom | New | 0.24% | +0.24 |
| QSEA Quartzsea Acquisition Corp. | New | 0.24% | +0.24 |
| XHNWX Pioneer Diversified High | New | 0.23% | +0.23 |
| XLF SS Financial Select Sector | New | 0.23% | +0.23 |
| XMHIX Pioneer Muni High Inc. TR | New | 0.22% | +0.22 |
| XMVFX BlackRock Munivest Fund | New | 0.20% | +0.20 |
| MFM Aberdeen Municipal Income | Add +21.4% | 1.20% | +0.20 |
| XPHDX Pioneer Floating Rate Fund | New | 0.17% | +0.17 |
| XPMAX Pioneer Municipal High Inc. | New | 0.17% | +0.17 |
| AAM Aa Mission Acquisition Cor-A | New | 0.15% | +0.15 |
| SBI Western Asset Intermediate | Add +347.1% | 0.18% | +0.14 |
| SZZL Sizzle Acquisition Corp. Class A | New | 0.13% | +0.13 |
| BGX Blackstone Long-Short Credit | New | 0.11% | +0.11 |
| RFM Rivernorth Flexible Muni | Add +37.7% | 0.43% | +0.10 |
| BWG Brandywineglobal Global Inco | New | 0.08% | +0.08 |
| MPA BlackRock Muniyield Pa Qltyv | New | 0.07% | +0.07 |
| MHN BlackRock Muniholding NY QLT | New | 0.05% | +0.05 |
| EVF Eaton Vance Senior Income TR | New | 0.04% | +0.04 |
| PYN PIMCO New York Muni FND III | Add +10.8% | 0.31% | +0.01 |
| XPNFX PIMCO New York Muni Inc. FD | Add +1.8% | 0.18% | −0.01 |
| XRMMX Rvrnrth MGD Dur Muni Inc. | Add +4.0% | 0.69% | −0.01 |
| XPCKX PIMCO California Municipa II | Add +2.3% | 0.97% | −0.02 |
| AFB Allianceberstein NTL Muni | Add +0.6% | 0.79% | −0.03 |
Notes & Other Activity Q1 2025 → Q2 2025
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Reduce -30.5% | 10,227 | $180K |
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 |