In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Metavasi Capital LP reported 25 stock positions worth $227.0 million . Its top holding was Sphere Entertainment (SPHR) at 9.1% of the portfolio, followed by Blend Labs Class A (BLND, 8.6% ) and AppLovin Class A (APP, 8.3% ). Compared with Q3 2025, it opened 10 new positions, sold out of 13, added to 3 and reduced 9. The biggest buy was Sphere Entertainment (SPHR, shares +46% ) and the biggest sale AppLovin Class A (APP, shares −52% ).
Location LARCHMONT, NY
CIK 0001864835
Portfolio Value $227.0M (Q4 2025) Holdings 25 stocks · $227.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 SPHR Sphere Entertainment Co. 218,106 $20.7M Add +45.7% BLND Blend Labs Inc. Class A 6,385,900 $19.4M Reduce -5.0% APP AppLovin Corp. Class A 27,937 $18.8M Reduce -52.2% DAVE Dave Inc. 74,019 $16.4M Reduce -11.9% COMP Compass Inc. Class A 1,186,004 $12.5M Reduce -32.5% TWLO Twilio Inc. Class A 87,574 $12.5M Add +48.4% HOOD Robinhood Markets Inc. Class A 106,789 $12.1M No change TTMI TTM Technologies 171,202 $11.8M New DASH DoorDash Inc. Class A 51,000 $11.6M New TALK Talkspace Inc. 2,704,577 $9.8M Add +77.3% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 559,475 $9.4M No change BE Bloom Energy Corp. Class A 102,000 $8.9M New SN Sharkninja Inc. 62,234 $7.0M Reduce -49.5% U Unity Software Inc. 150,000 $6.6M New CPNG Coupang Inc. 268,912 $6.3M Reduce -51.5% RKT Rocket Cos Inc. Class A 280,000 $5.4M New WING Wingstop Inc. 21,575 $5.1M New ECHO Echostar Corp. Class A 45,000 $4.9M New CVNA Carvana Co. 11,105 $4.7M Reduce -65.8% RDDT Reddit Inc. Class A 20,000 $4.6M Reduce -31.4% EVLV Evolv Technologies Holdings 631,048 $4.5M No change SE Sea Ltd.-ADR 35,000 $4.5M New MELI MercadoLibre Inc. 2,200 $4.4M New XMTR Xometry Inc. Class A 70,000 $4.2M New ZENVF Zenvia Inc. Class A 900,359 $867K Reduce -10.3%
Options reported separately and not counted above: TLT calls ($18.4M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $18K (not counted above) Security Class Shares / Principal Value Change TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 481,774 $18K No change
Total filed on the 13F, all lines: $227.0M.
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ APP AppLovin Corp. Class A Reduce -52.2% 8.29% −6.60 GTLB Gitlab Inc. Class A Sold out 0.00% −3.96 OPRA Opera Ltd.-ADR Sold out 0.00% −3.92 CPNG Coupang Inc. Reduce -51.5% 2.79% −3.54 GLXY Galaxy Digital Inc. Class A Sold out 0.00% −3.36 HIMS Hims & Hers Health Inc. Sold out 0.00% −3.35 MNDY Monday.com Ltd. Sold out 0.00% −3.16 WIX Wix.com Ltd. Sold out 0.00% −2.33 CVNA Carvana Co. Reduce -65.8% 2.06% −2.29 ROKU Roku Inc. Sold out 0.00% −1.88 WYFI Whitefiber Inc. Sold out 0.00% −1.84 PLNT Planet Fitness Inc. Class A Sold out 0.00% −1.56 SN Sharkninja Inc. Reduce -49.5% 3.07% −1.44 HOUS Anywhere Real Estate Inc. Sold out 0.00% −1.32 PCOR Procore Technologies Inc. Sold out 0.00% −1.31 XYZ Block Inc. Sold out 0.00% −1.28 HUT Hut 8 Corp. Sold out 0.00% −0.93 RDDT Reddit Inc. Class A Reduce -31.4% 2.03% −0.36 BLND Blend Labs Inc. Class A Reduce -5.0% 8.55% −0.16 ZENVF Zenvia Inc. Class A Reduce -10.3% 0.38% −0.10 COMP Compass Inc. Class A Reduce -32.5% 5.52% +0.52 DAVE Dave Inc. Reduce -11.9% 7.22% +1.28
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ SPHR Sphere Entertainment Co. Add +45.7% 9.14% +5.84 TTMI TTM Technologies New 5.20% +5.20 DASH DoorDash Inc. Class A New 5.09% +5.09 BE Bloom Energy Corp. Class A New 3.90% +3.90 TWLO Twilio Inc. Class A Add +48.4% 5.49% +3.39 U Unity Software Inc. New 2.92% +2.92 TALK Talkspace Inc. Add +77.3% 4.33% +2.83 RKT Rocket Cos Inc. Class A New 2.39% +2.39 WING Wingstop Inc. New 2.27% +2.27 ECHO Echostar Corp. Class A New 2.16% +2.16 SE Sea Ltd.-ADR New 1.97% +1.97 MELI MercadoLibre Inc. New 1.95% +1.95 XMTR Xometry Inc. Class A New 1.83% +1.83
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ WIX Wix.com Ltd. call Sold out 115,500 $20.5Mbefore exit OPRA Opera Ltd.-ADR call Sold out 190,000 $3.9Mbefore exit BLND Blend Labs Inc. Class A call Sold out 600,000 $2.2Mbefore exit COMP Compass Inc. Class A call Sold out 250,000 $2.0Mbefore exit SPHR Sphere Entertainment Co. call Sold out 27,500 $1.7Mbefore exit
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 22 $257.2M APP, DAVE, HOOD, HIMS, TTMI Q1 2026 19 $168.0M APP, DAVE, DASH, TTMI, SPHR Q4 2025 25 $227.0M SPHR, BLND, APP, DAVE, COMP Q3 2025 28 $281.7M APP, BLND, CPNG, DAVE, HOOD Q2 2025 29 $224.8M APP, BLND, CPNG, DAVE, COMP Q1 2025 22 $157.4M COMP, BLND, APP, CVNA, CPNG Q4 2024 29 $188.9M BLND, APP, CVNA, PAYO, GOOG Q3 2024 26 $190.5M APP, BLND, PAYO, CVNA, AMZN Q2 2024 29 $181.3M APP, BLND, HIMS, PAYO, CPNG Q1 2024 25 $161.1M CART, BLND, APP, META, WIX