Militia Capital Partners, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed August 14, 2026), Militia Capital Partners, LP reported 182 stock positions worth $265.9 million. Its top holding was Energy Transfer (ET) at 3.7% of the portfolio, followed by Amazon.com (AMZN, 3.7%) and Grupo Aeroportuario Cen-ADR (OMAB, 3.4%). Compared with Q3 2025, it opened 62 new positions, sold out of 42, added to 51 and reduced 24. The biggest buy was a new position in Alphabet Class C (GOOG) and the biggest sale an exit from Ecopetrol SA-Sponsored ADR (EC).
- Most Recent 13F
- Q4 2025
- Location
- AUSTIN, TX
- CIK
- 0001837496
- Portfolio Value
- $265.9M (Q4 2025)
- SEC Filing
- 0001837496-26-000011 ↗ filed Aug 14, 2026
Holdings Value
Holdings 182 stocks · $265.9M
| ET Energy Transfer LP | 3.72% | 600,000 | $9.9M | Add +25.8% |
| AMZN Amazon.com Inc. | 3.67% | 42,216 | $9.7M | Add +12.3% |
| OMAB Grupo Aeroportuario Cen-ADR | 3.40% | 83,046 | $9.0M | No change |
| AX Axos Financial Inc. | 3.24% | 100,000 | $8.6M | Add +13.6% |
| WES Western Midstream Partners L | 2.97% | 200,000 | $7.9M | No change |
| GOOG Alphabet Inc. Class C | 2.89% | 24,500 | $7.7M | New |
| TSM Taiwan Semiconductor-SP ADR | 2.78% | 24,348 | $7.4M | Add +1.4% |
| ORR Militia Long/SHRT Equity ETF | 2.07% | 161,000 | $5.5M | Add +30.9% |
| IBKR Interactive Brokers Gro Class A | 1.72% | 71,000 | $4.6M | Add +26.8% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 1.57% | 161,000 | $4.2M | No change |
| MPLX MPLX LP | 1.34% | 67,000 | $3.6M | No change |
| GRVY Gravity Co. Ltd.-Sponsored ADR | 1.28% | 58,737 | $3.4M | Add +1.3% |
| AFRM Affirm Holdings Inc. | 1.23% | 43,943 | $3.3M | Add +292.4% |
| LLY Eli Lilly & Co. | 1.23% | 3,040 | $3.3M | Reduce -25.9% |
| FBTC Fidelity Wise Origin Bitcoin | 1.21% | 42,300 | $3.2M | Add +302.9% |
| BMA Banco Macro SA-ADR | 1.13% | 33,400 | $3.0M | Reduce -20.5% |
| PKBK Parke Bancorp Inc. | 1.13% | 120,000 | $3.0M | No change |
| TEVA Teva Pharmaceutical-SP ADR | 1.08% | 92,000 | $2.9M | Add +2.2% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 1.07% | 27,800 | $2.8M | New |
| AGM Federal Agric MTG Corp. Class C | 1.06% | 16,000 | $2.8M | No change |
| SE Sea Ltd.-ADR | 1.03% | 21,400 | $2.7M | New |
| LNG Cheniere Energy Inc. | 1.02% | 14,000 | $2.7M | Add +11.1% |
| IBIT iShares Bitcoin Trust ETF | 1.02% | 54,590 | $2.7M | Reduce -36.7% |
| BKD Brookdale Senior Living Inc. | 0.97% | 240,000 | $2.6M | Add +9.4% |
| KLAR Klarna Group PLC | 0.96% | 88,114 | $2.5M | New |
| FIGR Figure Technology Solut Class A | 0.92% | 60,000 | $2.5M | New |
| EVLV Evolv Technologies Holdings | 0.92% | 340,000 | $2.4M | Add +15.4% |
| TPB Turning Point Brands Inc. | 0.90% | 22,000 | $2.4M | Add +29.4% |
| MEDP Medpace Holdings Inc. | 0.89% | 4,200 | $2.4M | No change |
| HROW Harrow Inc. | 0.87% | 47,000 | $2.3M | New |
| ACIC American Coastal Insurance C | 0.86% | 180,658 | $2.3M | Reduce -5.2% |
| CCB Coastal Financial Corp. | 0.82% | 19,000 | $2.2M | Add +90.0% |
| HOOD Robinhood Markets Inc. Class A | 0.79% | 18,678 | $2.1M | No change |
| TIGO Millicom Intl Cellular S.A. | 0.79% | 38,000 | $2.1M | Add +8.6% |
| DHR Danaher Corp. | 0.76% | 8,800 | $2.0M | Add +214.3% |
| OHI Omega Healthcare Investors | 0.74% | 44,400 | $2.0M | Add +23.3% |
| MOH Molina Healthcare Inc. | 0.72% | 11,000 | $1.9M | New |
| VTR Ventas Inc. | 0.72% | 24,650 | $1.9M | Add +66.5% |
| IBB iShares Biotechnology ETF | 0.69% | 10,800 | $1.8M | Reduce -34.5% |
| PURR Hyperliquid Strategies | 0.67% | 501,200 | $1.8M | New |
| REGN Regeneron Pharmaceuticals | 0.67% | 2,300 | $1.8M | New |
| U Unity Software Inc. | 0.66% | 40,000 | $1.8M | New |
| WLDN Willdan Group Inc. | 0.66% | 17,000 | $1.8M | Add +13.3% |
| SVV Savers Value Village Inc. | 0.66% | 187,585 | $1.8M | Add +624.3% |
| UTI Universal Technical Institut | 0.64% | 64,940 | $1.7M | Add +43.5% |
| GLNG Golar LNG Ltd. | 0.63% | 45,000 | $1.7M | Add +3.7% |
| BLND Blend Labs Inc. Class A | 0.63% | 550,000 | $1.7M | New |
| JD Jd.com Inc.-ADR | 0.62% | 57,500 | $1.7M | No change |
| CLBT Cellebrite Di Ltd. | 0.61% | 90,000 | $1.6M | No change |
| SLNO Soleno Therapeutics Inc. | 0.61% | 35,000 | $1.6M | New |
| CASH Pathward Financial Inc. | 0.59% | 22,179 | $1.6M | Add +47.9% |
| LTH Life Time Group Holdings Inc. | 0.58% | 58,200 | $1.5M | Add +87.7% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 0.58% | 20,100 | $1.5M | Add +53.4% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 0.58% | 40,000 | $1.5M | Add +11.1% |
| LINC Lincoln Educational Services | 0.57% | 62,958 | $1.5M | Add +9.9% |
| NHC National Healthcare Corp. | 0.57% | 11,000 | $1.5M | Add +103.7% |
| RBLX Roblox Corp. Class A | 0.56% | 18,500 | $1.5M | New |
| CUBI Customers Bancorp Inc. | 0.55% | 20,000 | $1.5M | New |
| TMDX Transmedics Group Inc. | 0.55% | 12,000 | $1.5M | Reduce -7.7% |
| NVEC Nve Corp. | 0.54% | 24,000 | $1.4M | Add +8.6% |
| TX Ternium SA-Sponsored ADR | 0.53% | 37,000 | $1.4M | No change |
| SEZL Sezzle Inc. | 0.53% | 22,043 | $1.4M | New |
| HII Huntington Ingalls Industrie | 0.51% | 4,000 | $1.4M | No change |
| CSX CSX Corp. | 0.51% | 37,400 | $1.4M | Add +25.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.50% | 80,000 | $1.3M | New |
| CBNK Capital Bancorp Inc. | 0.50% | 47,000 | $1.3M | New |
| MELI MercadoLibre Inc. | 0.49% | 650 | $1.3M | New |
| IMAX Imax Corp. | 0.49% | 35,000 | $1.3M | New |
| TWLO Twilio Inc. Class A | 0.48% | 9,000 | $1.3M | New |
| DRS Leonardo DRS Inc. | 0.48% | 37,400 | $1.3M | Add +117.4% |
| DHC Diversified Healthcare Trust | 0.47% | 257,239 | $1.2M | Add +55.6% |
| SNAP Snap Inc. Class A | 0.46% | 151,700 | $1.2M | Add +12.2% |
| CORZ Core Scientific Inc. | 0.46% | 83,500 | $1.2M | Reduce -1.8% |
| BBC Virtus Biotech Clinical Tria | 0.45% | 31,263 | $1.2M | Reduce -41.7% |
| NNI Nelnet Inc. Class A | 0.45% | 9,000 | $1.2M | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.44% | 15,000 | $1.2M | New |
| GTLB Gitlab Inc. Class A | 0.42% | 30,000 | $1.1M | Reduce -14.3% |
| NVDA Nvidia Corp. | 0.42% | 6,000 | $1.1M | Reduce -40.0% |
| HDB HDFC Bank Ltd.-ADR | 0.42% | 30,244 | $1.1M | Add +115.3% |
| PRCT Procept Biorobotics Corp. | 0.41% | 35,000 | $1.1M | New |
| BMBL Bumble Inc. Class A | 0.41% | 302,604 | $1.1M | New |
| MRNA Moderna Inc. | 0.41% | 36,601 | $1.1M | Add +163.6% |
| V Visa Inc. Class A | 0.40% | 3,000 | $1.1M | New |
| NOC Northrop Grumman Corp. | 0.39% | 1,840 | $1.0M | Add +162.9% |
| MQ Marqeta Inc. | 0.39% | 219,898 | $1.0M | Add +0.5% |
| SFM Sprouts Farmers Market Inc. | 0.39% | 13,000 | $1.0M | New |
| FND Floor & Decor Holdings Inc. Class A | 0.39% | 17,000 | $1.0M | New |
| MA Mastercard Inc. Class A | 0.39% | 1,800 | $1.0M | New |
| TBPH Theravance Biopharma Inc. | 0.38% | 54,200 | $1.0M | No change |
| LHX L3HARRIS Technologies Inc. | 0.38% | 3,440 | $1.0M | Add +11.0% |
| RDDT Reddit Inc. Class A | 0.37% | 4,300 | $988K | Reduce -50.0% |
| SNDA Sonida Senior Living Inc. | 0.37% | 29,954 | $977K | Add +16.3% |
| EWZ iShares MSCI Brazil ETF | 0.35% | 29,600 | $940K | Add +24.9% |
| CMI Cummins Inc. | 0.35% | 1,801 | $919K | No change |
| LIND Lindblad Expeditions Holding | 0.34% | 62,268 | $898K | No change |
| FINW Finwise Bancorp | 0.34% | 50,000 | $897K | No change |
| PAC Grupo Aeroportuario Pac-ADR | 0.34% | 3,400 | $896K | No change |
| LAMR Lamar Advertising Co. Class A | 0.33% | 7,000 | $886K | Add +75.0% |
| WMB Williams Cos Inc. | 0.33% | 14,700 | $884K | Add +33.6% |
| MTG Mgic Investment Corp. | 0.33% | 30,000 | $877K | No change |
Options reported separately and not counted above: AFRM calls ($41.4M), SPY calls ($31.2M), COIN puts ($19.7M), EEM puts ($17.1M), IWM calls ($14.8M), KLAR calls ($9.5M), BABA puts ($7.3M), FUBO puts ($4.5M), HPE calls ($3.2M), PYPL calls ($2.6M), TIGR calls ($2.4M), ETHA puts ($2.1M), and 21 more.
Portfolio Sells Q3 2025 → Q4 2025
| EC Ecopetrol SA-Sponsored ADR | Sold out | 0.00% | −2.14 |
| IBIT iShares Bitcoin Trust ETF | Reduce -36.7% | 1.02% | −1.59 |
| BYRN Byrna Technologies Inc. | Sold out | 0.00% | −0.97 |
| GPRK Geopark Ltd. | Sold out | 0.00% | −0.89 |
| QURE Uniqure NV | Reduce -75.7% | 0.08% | −0.87 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.78 |
| TIGR Up Fintech Holding Ltd. - ADR | Sold out | 0.00% | −0.70 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.69 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.65 |
| RDDT Reddit Inc. Class A | Reduce -50.0% | 0.37% | −0.55 |
| XYZ Block Inc. | Reduce -83.1% | 0.08% | −0.54 |
| IE Ivanhoe Electric Inc. / US | Sold out | 0.00% | −0.53 |
| ETHA iShares Ethereum Trust ETF | Reduce -39.1% | 0.27% | −0.51 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.49 |
| ECO Okeanis Eco Tankers Corp. | Sold out | 0.00% | −0.48 |
| PSIX Power Solutions Internationa | Sold out | 0.00% | −0.46 |
| TAN Invesco Solar ETF | Sold out | 0.00% | −0.45 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.45 |
| NVDA Nvidia Corp. | Reduce -40.0% | 0.42% | −0.45 |
| IBB iShares Biotechnology ETF | Reduce -34.5% | 0.69% | −0.42 |
| VG Venture Global Inc. Class A | Reduce -31.1% | 0.15% | −0.41 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.40 |
| VBNK Versabank | Sold out | 0.00% | −0.40 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.39 |
| EEFT Euronet Worldwide Inc. | Sold out | 0.00% | −0.37 |
| HUDSON PAC PPTYS INC | Sold out | 0.00% | −0.36 |
| GBFH Gbank Financial Holdings Inc. | Sold out | 0.00% | −0.36 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.36 |
| FCRS.U Futurecrest Acquisition Corp. | Sold out | 0.00% | −0.33 |
| GTLB Gitlab Inc. Class A | Reduce -14.3% | 0.42% | −0.31 |
| UP Wheels Up Experience Inc. | Sold out | 0.00% | −0.30 |
| LDI Loandepot Inc. Class A | Sold out | 0.00% | −0.28 |
| GEO The Geo Group Inc. | Sold out | 0.00% | −0.27 |
| CORZ Core Scientific Inc. | Reduce -1.8% | 0.46% | −0.25 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -60.9% | 0.09% | −0.25 |
| AEXA American Exceptionalism Class A | Sold out | 0.00% | −0.25 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.24 |
| BBC Virtus Biotech Clinical Tria | Reduce -41.7% | 0.45% | −0.23 |
| LLY Eli Lilly & Co. | Reduce -25.9% | 1.23% | −0.23 |
| GRND Grindr Inc. | Sold out | 0.00% | −0.21 |
| MYRG MYR Group Inc./Delaware | Reduce -36.2% | 0.25% | −0.21 |
| XPOF Xponential Fitness Inc. Class A | Sold out | 0.00% | −0.21 |
| LPRO Open Lending Corp. | Sold out | 0.00% | −0.20 |
| BOSC Bos Better on-Line Solutions | Reduce -34.4% | 0.20% | −0.19 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.19 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −0.18 |
| KOPN Kopin Corp. | Sold out | 0.00% | −0.16 |
| ACIC American Coastal Insurance C | Reduce -5.2% | 0.86% | −0.15 |
| WYFI Whitefiber Inc. | Sold out | 0.00% | −0.15 |
| FPH Five Point Holdings LLC Class A | Reduce -14.1% | 0.25% | −0.14 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | New | 2.89% | +2.89 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | New | 1.07% | +1.07 |
| SE Sea Ltd.-ADR | New | 1.03% | +1.03 |
| KLAR Klarna Group PLC | New | 0.96% | +0.96 |
| FIGR Figure Technology Solut Class A | New | 0.92% | +0.92 |
| HROW Harrow Inc. | New | 0.87% | +0.87 |
| AFRM Affirm Holdings Inc. | Add +292.4% | 1.23% | +0.85 |
| FBTC Fidelity Wise Origin Bitcoin | Add +302.9% | 1.21% | +0.73 |
| MOH Molina Healthcare Inc. | New | 0.72% | +0.72 |
| PURR Hyperliquid Strategies | New | 0.67% | +0.67 |
| REGN Regeneron Pharmaceuticals | New | 0.67% | +0.67 |
| U Unity Software Inc. | New | 0.66% | +0.66 |
| BLND Blend Labs Inc. Class A | New | 0.63% | +0.63 |
| SLNO Soleno Therapeutics Inc. | New | 0.61% | +0.61 |
| RBLX Roblox Corp. Class A | New | 0.56% | +0.56 |
| CUBI Customers Bancorp Inc. | New | 0.55% | +0.55 |
| SEZL Sezzle Inc. | New | 0.53% | +0.53 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.50% | +0.50 |
| DHR Danaher Corp. | Add +214.3% | 0.76% | +0.50 |
| SVV Savers Value Village Inc. | Add +624.3% | 0.66% | +0.50 |
| CBNK Capital Bancorp Inc. | New | 0.50% | +0.50 |
| MELI MercadoLibre Inc. | New | 0.49% | +0.49 |
| IMAX Imax Corp. | New | 0.49% | +0.49 |
| TWLO Twilio Inc. Class A | New | 0.48% | +0.48 |
| NNI Nelnet Inc. Class A | New | 0.45% | +0.45 |
| KSPI JSC Kaspi.kz ADR | New | 0.44% | +0.44 |
| PRCT Procept Biorobotics Corp. | New | 0.41% | +0.41 |
| BMBL Bumble Inc. Class A | New | 0.41% | +0.41 |
| V Visa Inc. Class A | New | 0.40% | +0.40 |
| SFM Sprouts Farmers Market Inc. | New | 0.39% | +0.39 |
| FND Floor & Decor Holdings Inc. Class A | New | 0.39% | +0.39 |
| MA Mastercard Inc. Class A | New | 0.39% | +0.39 |
| CORN Teucrium Corn Fund | New | 0.33% | +0.33 |
| CCB Coastal Financial Corp. | Add +90.0% | 0.82% | +0.32 |
| FCFS Firstcash Holdings Inc. | New | 0.30% | +0.30 |
| LASR Nlight Inc. | New | 0.30% | +0.30 |
| EPOL iShares MSCI Poland ETF | New | 0.29% | +0.29 |
| SNOW Snowflake Inc. | New | 0.27% | +0.27 |
| ORR Militia Long/SHRT Equity ETF | Add +30.9% | 2.07% | +0.27 |
| NHC National Healthcare Corp. | Add +103.7% | 0.57% | +0.26 |
| GO Grocery Outlet Holding Corp. | New | 0.26% | +0.26 |
| CHYM Chime Financial Inc. Class A | New | 0.24% | +0.24 |
| MRNA Moderna Inc. | Add +163.6% | 0.41% | +0.24 |
| VTR Ventas Inc. | Add +66.5% | 0.72% | +0.24 |
| TEVA Teva Pharmaceutical-SP ADR | Add +2.2% | 1.08% | +0.23 |
| MTCH Match Group Inc. | New | 0.23% | +0.23 |
| OZK Bank Ozk | New | 0.21% | +0.21 |
| PACS Pacs Group Inc. | New | 0.20% | +0.20 |
| CELH Celsius Holdings Inc. | New | 0.20% | +0.20 |
| NOC Northrop Grumman Corp. | Add +162.9% | 0.39% | +0.20 |
Options Activity Q3 2025 → Q4 2025
| AFRM Affirm Holdings Inc. | call | New | 555,600 | $41.4M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -54.6% | 45,800 | $31.2M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 30,000 | $20.0Mbefore exit |
| COIN Coinbase Global Inc. Class A | put | New | 86,900 | $19.7M |
| IWM iShares Russell 2000 ETF | call | New | 60,000 | $14.8M |
| KLAR Klarna Group PLC | call | New | 327,600 | $9.5M |
| PAYC Paycom Software Inc. | put | Sold out | 37,200 | $7.7Mbefore exit |
| KWEB Kranesh Csi China Internet | call | Sold out | 159,800 | $6.7Mbefore exit |
| SNAP Snap Inc. Class A | call | Sold out | 762,000 | $5.9Mbefore exit |
| NBIS Nebius Group NV | put | Sold out | 42,300 | $4.7Mbefore exit |
| SPHR Sphere Entertainment Co. | call | Sold out | 75,000 | $4.7Mbefore exit |
| WGMI CS BTC Min Dig PWR ETF | put | Sold out | 101,900 | $4.5Mbefore exit |
| HPE Hewlett Packard Enterprise | call | New | 132,700 | $3.2M |
| CCOI Cogent Communications Holdin | put | Sold out | 70,000 | $2.7Mbefore exit |
| FLR Fluor Corp. | call | Sold out | 57,200 | $2.4Mbefore exit |
| TIGR Up Fintech Holding Ltd. - ADR | call | Add +25.0% | 250,000 | $2.4M |
| RIVN Rivian Automotive Inc. Class A | call | Sold out | 155,200 | $2.3Mbefore exit |
| ETHA iShares Ethereum Trust ETF | put | New | 91,400 | $2.1M |
| CVNA Carvana Co. | put | Sold out | 5,000 | $1.9Mbefore exit |
| DOCS Doximity Inc. Class A | put | Sold out | 23,600 | $1.7Mbefore exit |
| EOSE Eos Energy Enterprises Inc. | put | Reduce -82.0% | 138,200 | $1.6M |
| GTLB Gitlab Inc. Class A | call | Sold out | 34,800 | $1.6Mbefore exit |
| FXI iShares China Large-Cap ETF | call | New | 38,500 | $1.5M |
| TTD Trade Desk Inc./the Class A | put | Sold out | 26,300 | $1.3Mbefore exit |
| SLV iShares Silver Trust | put | New | 12,000 | $773K |
| GDX Vaneck Gold Miners ETF | put | Sold out | 10,000 | $764Kbefore exit |
| TEL Te Connectivity PLC | put | Reduce -2.1% | 97,900 | $654K |
| APP AppLovin Corp. Class A | put | Sold out | 800 | $575Kbefore exit |
| MRNA Moderna Inc. | call | New | 19,400 | $572K |
| GWW WW Grainger Inc. | put | Sold out | 400 | $381Kbefore exit |
| CLS Celestica Inc. | put | Sold out | 1,500 | $370Kbefore exit |
| PLTR Palantir Technologies Inc. Class A | put | Reduce -60.0% | 2,000 | $356K |
| DUOL Duolingo | put | Sold out | 1,000 | $322Kbefore exit |
| STRL Sterling Infrastructure Inc. | put | Reduce -60.0% | 1,000 | $306K |
| HOOD Robinhood Markets Inc. Class A | put | Sold out | 2,000 | $286Kbefore exit |
| ELF Elf Beauty Inc. | put | Sold out | 2,000 | $265Kbefore exit |
| EEFT Euronet Worldwide Inc. | call | Sold out | 2,800 | $246Kbefore exit |
| GDXJ Vaneck Junior Gold Miners | put | New | 2,000 | $228K |
| BE Bloom Energy Corp. Class A | put | New | 2,500 | $217K |
| OPEN Opendoor Technologies Inc. | call | Sold out | 27,000 | $215Kbefore exit |
| CDE Coeur Mining Inc. | put | New | 10,000 | $178K |
| IRBTQ Irobot Corp. | put | Sold out | 43,000 | $154Kbefore exit |
| VFS Vinfast Auto Ltd. | put | Sold out | 10,000 | $32Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.