Long Focus Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Long Focus Capital Management, LLC reported 87 stock positions worth $1.3 billion. Its top holding was Comcast Class A (CMCSA) at 5.5% of the portfolio, followed by Ftai Aviation (FTAI, 5.3%) and PayPal (PYPL, 5.1%). Compared with Q3 2024, it opened 12 new positions, sold out of 13, added to 25 and reduced 20. The biggest buy was a new position in CVS Health (CVS) and the biggest sale an exit from Intel (INTC).
- Most Recent 13F
- Q2 2026
- Location
- SAN JUAN, PR
- CIK
- 0001602716
- Portfolio Value
- $1.3B (Q4 2024)
- SEC Filing
- 0001019056-25-000089 ↗ filed Feb 14, 2025
Holdings Value
Holdings 87 stocks · $1.3B
| CMCSA Comcast Corp. Class A | 5.45% | 1,898,400 | $71.2M | Add +68.5% |
| FTAI Ftai Aviation Ltd. | 5.29% | 480,000 | $69.1M | Reduce -14.3% |
| PYPL PayPal Holdings Inc. | 5.10% | 780,000 | $66.6M | Reduce -4.9% |
| ET Energy Transfer LP | 5.01% | 3,342,400 | $65.5M | No change |
| BABA Alibaba Group Holding-SP ADR | 4.91% | 757,000 | $64.2M | Add +19.2% |
| CVS CVS Health Corp. | 3.92% | 1,141,100 | $51.2M | New |
| AR Antero Resources Corp. | 3.63% | 1,353,000 | $47.4M | Reduce -15.6% |
| INSM Insmed Inc. | 3.44% | 650,800 | $44.9M | Add +3.5% |
| IOVA Iovance Biotherapeutics Inc. | 2.91% | 5,132,000 | $38.0M | Add +13.2% |
| ASML ASML Holding NV-NY Reg SHS | 2.64% | 49,800 | $34.5M | New |
| HLF Herbalife Ltd. | 2.44% | 4,758,127 | $31.8M | Add +27.3% |
| PENN Penn Entertainment Inc. | 2.34% | 1,545,000 | $30.6M | Add +3.0% |
| CZR Caesars Entertainment Inc. | 2.19% | 857,200 | $28.6M | Add +29.4% |
| PINS Pinterest Inc. Class A | 2.01% | 907,483 | $26.3M | Add +372.6% |
| HAPN Happen Inc. filed as LENDINGCLUB CORP | 1.99% | 1,609,725 | $26.1M | Reduce -33.2% |
| QMCO Quantum Corp. | 1.97% | 477,999 | $25.8M | No change |
| AGO Assured Guaranty Ltd. | 1.89% | 275,000 | $24.8M | Add +3.8% |
| LBRDA Liberty Broadband-A | 1.83% | 321,800 | $23.9M | Add +3.8% |
| AURA Aura Biosciences Inc. | 1.60% | 2,537,774 | $20.9M | Add +123.9% |
| NXST Nexstar Media Group Inc. | 1.57% | 129,500 | $20.5M | Reduce -0.4% |
| ONIT Onity Group Inc. | 1.53% | 652,088 | $20.0M | No change |
| AKRO Akero Therapeutics Inc. | 1.53% | 719,604 | $20.0M | No change |
| LILAK Liberty Latin Americ Class C | 1.47% | 3,034,616 | $19.2M | Add +79.0% |
| BTU Peabody Energy Corp. | 1.46% | 910,058 | $19.1M | Add +27.3% |
| LBTYK Liberty Global Ltd. Class C | 1.45% | 1,442,000 | $18.9M | No change |
| BUD Anheuser-Busch Inbev-SPN ADR | 1.24% | 323,346 | $16.2M | Add +125.5% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 1.23% | 2,038,000 | $16.0M | Add +10.6% |
| WBD Warner Bros Discovery Inc. | 1.22% | 1,509,000 | $16.0M | Reduce -38.4% |
| ETSY Etsy Inc. | 1.13% | 280,100 | $14.8M | New |
| CTRN Citi Trends Inc. | 1.12% | 556,455 | $14.6M | Reduce -5.9% |
| TE T1 Energy Inc. filed as FREYR BATTERY INC | 1.12% | 5,650,000 | $14.6M | Add +27.0% |
| ECHO Echostar Corp. Class A | 1.10% | 628,544 | $14.4M | No change |
| WYNN WYNN Resorts Ltd. | 1.07% | 163,000 | $14.0M | Add +3.8% |
| OMF Onemain Holdings Inc. | 1.06% | 265,000 | $13.8M | Reduce -10.2% |
| LVS Las Vegas Sands Corp. | 1.05% | 268,000 | $13.8M | Reduce -14.7% |
| ADAPY Adaptimmune Therapeutics-ADR | 0.84% | 20,494,393 | $11.0M | Add +54.1% |
| VLRS Controladora Vuela Cia-ADR | 0.81% | 1,426,920 | $10.6M | No change |
| ARHS Arhaus Inc. | 0.81% | 1,125,000 | $10.6M | New |
| GTLS Chart Industries Inc. | 0.80% | 55,000 | $10.5M | New |
| EXE Expand Energy Corp. | 0.76% | 100,300 | $10.0M | No change |
| JD Jd.com Inc.-ADR | 0.76% | 286,200 | $9.9M | Reduce -17.8% |
| AZUL S A | 0.76% | 5,932,943 | $9.9M | Add +18.0% |
| SNREY Sunrise Communicat Class A | 0.75% | 228,399 | $9.8M | New |
| TLYS Tilly's Inc. Class A SHRS | 0.71% | 2,181,931 | $9.3M | Add +1.4% |
| AM Antero Midstream Corp. | 0.70% | 610,000 | $9.2M | No change |
| CNC Centene Corp. | 0.64% | 138,385 | $8.4M | New |
| CLLS Cellectis - ADR | 0.64% | 4,617,293 | $8.3M | No change |
| SGHT Sight Sciences Inc. | 0.62% | 2,238,632 | $8.1M | Add +158.8% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.60% | 162,707 | $7.8M | No change |
| BCYC Bicycle Therapeutics PLC-ADR | 0.58% | 543,092 | $7.6M | New |
| PZZA Papa John's Intl Inc. | 0.57% | 180,000 | $7.4M | New |
| OPRT Oportun Financial Corp. | 0.52% | 1,740,777 | $6.8M | No change |
| C Citigroup Inc. | 0.51% | 94,640 | $6.7M | No change |
| PCT Purecycle Technologies Inc. | 0.47% | 603,781 | $6.2M | Reduce -49.8% |
| PAGS Pagseguro Digital Ltd. Class A | 0.46% | 955,000 | $6.0M | Add +3.6% |
| CLVT Clarivate PLC | 0.46% | 1,175,000 | $6.0M | No change |
| TAL Tal Education Group- ADR | 0.46% | 595,260 | $6.0M | Add +138.1% |
| CI The Cigna Group | 0.37% | 17,700 | $4.9M | New |
| APG Api Group Corp. | 0.35% | 127,893 | $4.6M | Add +326.3% |
| BIOX Bioceres Crop Solutions Corp. | 0.35% | 744,748 | $4.5M | Add +130.7% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.35% | 377,600 | $4.5M | No change |
| NESR National Energy Services Reu | 0.34% | 497,921 | $4.5M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 93,000 | $4.1M | No change |
| CEPU Central Puerto-Sponsored ADR | 0.30% | 272,696 | $4.0M | Reduce -54.0% |
| FIP Ftai Infrastructure Inc. | 0.29% | 517,659 | $3.8M | No change |
| COOP Mr Cooper Group Inc. | 0.22% | 30,000 | $2.9M | Reduce -53.9% |
| SUPV Grupo Supervielle SA-SP ADR | 0.20% | 170,689 | $2.6M | Reduce -50.6% |
| APO Apollo Global Management Inc. | 0.17% | 13,750 | $2.3M | Reduce -75.9% |
| MTG Mgic Investment Corp. | 0.17% | 95,000 | $2.3M | No change |
| AMPS Altus Power Inc. | 0.17% | 549,081 | $2.2M | No change |
| GLNG Golar LNG Ltd. | 0.16% | 50,000 | $2.1M | No change |
| JILL J. Jill Inc. | 0.16% | 76,320 | $2.1M | No change |
| CMP Compass Minerals Internation | 0.13% | 150,000 | $1.7M | No change |
| PAR Par Technology Corp. | 0.11% | 20,357 | $1.5M | No change |
| DXLG Destination XL Group Inc. | 0.09% | 438,042 | $1.2M | No change |
| MGTX Meiragtx Holdings PLC | 0.09% | 189,745 | $1.2M | New |
| GOOGL Alphabet Inc. Class A | 0.09% | 5,980 | $1.1M | No change |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.08% | 150,000 | $1.1M | No change |
| WFC Wells Fargo & Co. | 0.07% | 13,000 | $913K | Reduce -87.4% |
| ACHV Achieve Life Sciences Inc. | 0.07% | 248,099 | $873K | No change |
| XPL Solitario Resources Corp. | 0.06% | 1,409,700 | $838K | No change |
| ANIX Anixa Biosciences Inc. | 0.03% | 147,360 | $342K | Reduce -11.1% |
| HYZN Hyzon Motors Inc. | 0.02% | 300,330 | $317K | No change |
| SFST Southern First Bancshares | 0.02% | 7,964 | $317K | Reduce -20.4% |
| GPRO Gopro Inc. Class A | 0.02% | 280,700 | $306K | No change |
| NXTC Nextcure Inc. | 0.01% | 185,936 | $143K | Reduce -66.6% |
| IRIX Iridex Corp. | 0.00% | 38,173 | $64K | Reduce -61.8% |
Options reported separately and not counted above: CMCSA calls ($387.1M), BUD calls ($359.6M), B calls ($305.7M), INTC calls ($238.0M), BABA calls ($159.2M), BNTX calls ($103.7M), CVS calls ($77.8M), C calls ($72.5M), CHTR calls ($31.9M), ET calls ($16.1M), BA calls ($11.5M), PFE calls ($9.6M), and 2 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HYZON MOTORS INC | *W EXP 10/02/202 | 600,700 | $3K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q3 2024 → Q4 2024
| INTC Intel Corp. | Sold out | 0.00% | −1.49 |
| FTAI Ftai Aviation Ltd. | Reduce -14.3% | 5.29% | −1.29 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −1.02 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.59 |
| WBD Warner Bros Discovery Inc. | Reduce -38.4% | 1.22% | −0.57 |
| PYPL PayPal Holdings Inc. | Reduce -4.9% | 5.10% | −0.56 |
| PCT Purecycle Technologies Inc. | Reduce -49.8% | 0.47% | −0.54 |
| JD Jd.com Inc.-ADR | Reduce -17.8% | 0.76% | −0.47 |
| GL Globe Life Inc. | Sold out | 0.00% | −0.47 |
| APO Apollo Global Management Inc. | Reduce -75.9% | 0.17% | −0.46 |
| WFC Wells Fargo & Co. | Reduce -87.4% | 0.07% | −0.44 |
| HAPN Happen Inc. | Reduce -33.2% | 1.99% | −0.44 |
| AR Antero Resources Corp. | Reduce -15.6% | 3.63% | −0.43 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.43 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.39 |
| LVS Las Vegas Sands Corp. | Reduce -14.7% | 1.05% | −0.34 |
| NXST Nexstar Media Group Inc. | Reduce -0.4% | 1.57% | −0.34 |
| COOP Mr Cooper Group Inc. | Reduce -53.9% | 0.22% | −0.31 |
| BCS Barclays PLC-Spons ADR | Sold out | 0.00% | −0.27 |
| CEPU Central Puerto-Sponsored ADR | Reduce -54.0% | 0.30% | −0.19 |
| OMF Onemain Holdings Inc. | Reduce -10.2% | 1.06% | −0.17 |
| FOA Finance of America Cos Inc. Class A | Sold out | 0.00% | −0.11 |
| NXTC Nextcure Inc. | Reduce -66.6% | 0.01% | −0.06 |
| TUSK Mammoth Energy Services Inc. | Sold out | 0.00% | −0.02 |
| ANIX Anixa Biosciences Inc. | Reduce -11.1% | 0.03% | −0.02 |
| SUPV Grupo Supervielle SA-SP ADR | Reduce -50.6% | 0.20% | −0.02 |
| LCTX Lineage Cell Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| IRIX Iridex Corp. | Reduce -61.8% | 0.00% | −0.01 |
| OSG Octave Specialty Group Inc. | Sold out | 0.00% | −0.01 |
| MBI Mbia Inc. | Sold out | 0.00% | −0.01 |
| SFST Southern First Bancshares | Reduce -20.4% | 0.02% | −0.01 |
| ONCY Oncolytics Biotech Inc. | Sold out | 0.00% | −0.00 |
| CTRN Citi Trends Inc. | Reduce -5.9% | 1.12% | +0.16 |
Portfolio Buys Q3 2024 → Q4 2024
| CVS CVS Health Corp. | New | 3.92% | +3.92 |
| ASML ASML Holding NV-NY Reg SHS | New | 2.64% | +2.64 |
| PINS Pinterest Inc. Class A | Add +372.6% | 2.01% | +1.46 |
| CMCSA Comcast Corp. Class A | Add +68.5% | 5.45% | +1.29 |
| ETSY Etsy Inc. | New | 1.13% | +1.13 |
| ARHS Arhaus Inc. | New | 0.81% | +0.81 |
| GTLS Chart Industries Inc. | New | 0.80% | +0.80 |
| SNREY Sunrise Communicat Class A | New | 0.75% | +0.75 |
| TE T1 Energy Inc. | Add +27.0% | 1.12% | +0.73 |
| AURA Aura Biosciences Inc. | Add +123.9% | 1.60% | +0.70 |
| CNC Centene Corp. | New | 0.64% | +0.64 |
| BCYC Bicycle Therapeutics PLC-ADR | New | 0.58% | +0.58 |
| PZZA Papa John's Intl Inc. | New | 0.57% | +0.57 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +125.5% | 1.24% | +0.40 |
| CI The Cigna Group | New | 0.37% | +0.37 |
| NESR National Energy Services Reu | New | 0.34% | +0.34 |
| APG Api Group Corp. | Add +326.3% | 0.35% | +0.26 |
| TAL Tal Education Group- ADR | Add +138.1% | 0.46% | +0.19 |
| SGHT Sight Sciences Inc. | Add +158.8% | 0.62% | +0.14 |
| BIOX Bioceres Crop Solutions Corp. | Add +130.7% | 0.35% | +0.12 |
| MGTX Meiragtx Holdings PLC | New | 0.09% | +0.09 |
| HLF Herbalife Ltd. | Add +27.3% | 2.44% | +0.06 |
| LILAK Liberty Latin Americ Class C | Add +79.0% | 1.47% | +0.05 |
| AGO Assured Guaranty Ltd. | Add +3.8% | 1.89% | +0.03 |
| PENN Penn Entertainment Inc. | Add +3.0% | 2.34% | −0.16 |
| BTU Peabody Energy Corp. | Add +27.3% | 1.46% | −0.22 |
| PAGS Pagseguro Digital Ltd. Class A | Add +3.6% | 0.46% | −0.24 |
| CZR Caesars Entertainment Inc. | Add +29.4% | 2.19% | −0.25 |
| WYNN WYNN Resorts Ltd. | Add +3.8% | 1.07% | −0.26 |
| TLYS Tilly's Inc. Class A SHRS | Add +1.4% | 0.71% | −0.26 |
| ADAPY Adaptimmune Therapeutics-ADR | Add +54.1% | 0.84% | −0.27 |
| LBRDA Liberty Broadband-A | Add +3.8% | 1.83% | −0.28 |
| CALY Callaway Golf Company | Add +10.6% | 1.23% | −0.56 |
| INSM Insmed Inc. | Add +3.5% | 3.44% | −0.62 |
| AZUL S A | Add +18.0% | 0.76% | −0.77 |
| IOVA Iovance Biotherapeutics Inc. | Add +13.2% | 2.91% | −0.86 |
| BABA Alibaba Group Holding-SP ADR | Add +19.2% | 4.91% | −1.05 |
Options Activity Q3 2024 → Q4 2024
| CMCSA Comcast Corp. Class A | call | Add +9.9% | 10,314,600 | $387.1M |
| BUD Anheuser-Busch Inbev-SPN ADR | call | Add +91.5% | 7,182,500 | $359.6M |
| B Barrick Gold Corp. | call | Add +43.4% | 19,721,000 | $305.7M |
| INTC Intel Corp. | call | Reduce -2.1% | 11,870,800 | $238.0M |
| BABA Alibaba Group Holding-SP ADR | call | Reduce -17.7% | 1,877,300 | $159.2M |
| BNTX Biontech SE-ADR | call | New | 910,000 | $103.7M |
| CVS CVS Health Corp. | call | New | 1,732,400 | $77.8M |
| C Citigroup Inc. | call | Reduce -51.0% | 1,030,000 | $72.5M |
| CHTR Charter Communications Inc. Class A | call | Reduce -7.0% | 93,000 | $31.9M |
| ET Energy Transfer LP | call | Reduce -86.3% | 822,800 | $16.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 76 | $2.4B | CHTR, AMZN, MOH, CNC, CMCSA |
| Q1 2026 | 84 | $2.2B | AMZN, CHTR, MOH, FTAI, CZR |
| Q4 2025 | 77 | $2.0B | FTAI, PYPL, CHTR, CNC, MOH |
| Q3 2025 | 79 | $1.8B | FTAI, CHTR, CNC, PYPL, CVS |
| Q2 2025 | 81 | $1.5B | FTAI, PYPL, CMCSA, ET, CVS |
| Q1 2025 | 86 | $1.5B | FTAI, PYPL, CMCSA, CVS, ET |
| Q4 2024 | 87 | $1.3B | CMCSA, FTAI, PYPL, ET, BABA |
| Q3 2024Amended | 88 | $1.1B | FTAI, BABA, PYPL, ET, CMCSA |
| Q2 2024 | 89 | $966.8M | FTAI, ET, AR, INSM, BABA |
| Q1 2024 | 87 | $865.7M | FTAI, AR, ET, BABA, CMCSA |