Militia Capital Partners, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 14, 2026), Militia Capital Partners, LP reported 105 stock positions worth $123.5 million. Its top holding was Amazon.com (AMZN) at 6.8% of the portfolio, followed by Energy Transfer (ET, 6.2%) and Axos Financial (AX, 5.8%). Compared with Q4 2024, it opened 46 new positions, sold out of 50, added to 36 and reduced 13. The biggest buy was a new position in iShares 20+ Year Treasury BD (TLT) and the biggest sale an exit from Lululemon Athletica (LULU).
- Most Recent 13F
- Q4 2025
- Location
- AUSTIN, TX
- CIK
- 0001837496
- Portfolio Value
- $123.5M (Q1 2025)
- SEC Filing
- 0001837496-26-000008 ↗ filed Aug 14, 2026
Holdings Value
Holdings 105 stocks · $123.5M
| AMZN Amazon.com Inc. | 6.75% | 43,840 | $8.3M | Add +154.3% |
| ET Energy Transfer LP | 6.25% | 415,000 | $7.7M | Add +38.3% |
| AX Axos Financial Inc. | 5.80% | 111,000 | $7.2M | Add +825.0% |
| GOOG Alphabet Inc. Class C | 5.31% | 42,000 | $6.6M | Add +1300.0% |
| TLT iShares 20+ Year Treasury BD | 5.02% | 68,100 | $6.2M | New |
| EC Ecopetrol SA-Sponsored ADR | 4.05% | 479,200 | $5.0M | Reduce -20.2% |
| MEDP Medpace Holdings Inc. | 3.21% | 13,000 | $4.0M | New |
| OMAB Grupo Aeroportuario Cen-ADR | 3.10% | 48,652 | $3.8M | Add +18.2% |
| ALGN Align Technology Inc. | 2.97% | 23,100 | $3.7M | New |
| IBIT iShares Bitcoin Trust ETF | 2.66% | 70,090 | $3.3M | Reduce -29.8% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 2.34% | 158,043 | $2.9M | Add +26.4% |
| AGM Federal Agric MTG Corp. Class C | 2.28% | 15,000 | $2.8M | Add +7.1% |
| GRVY Gravity Co. Ltd.-Sponsored ADR | 2.24% | 45,656 | $2.8M | Add +63.5% |
| GPRK Geopark Ltd. | 1.90% | 290,447 | $2.3M | Add +37.2% |
| IBKR Interactive Brokers Gro Class A | 1.88% | 14,000 | $2.3M | Reduce -32.2% |
| PKBK Parke Bancorp Inc. | 1.80% | 117,961 | $2.2M | Add +1.7% |
| LNG Cheniere Energy Inc. | 1.69% | 9,000 | $2.1M | No change |
| PM Philip Morris International | 1.29% | 10,000 | $1.6M | No change |
| FPH Five Point Holdings LLC Class A | 1.21% | 279,200 | $1.5M | Reduce -58.2% |
| ORR Militia Long/SHRT Equity ETF | 1.15% | 51,100 | $1.4M | New |
| CCS Century Communities Inc. | 1.09% | 20,000 | $1.3M | Add +33.3% |
| HGBL Heritage Global Inc. | 1.03% | 584,478 | $1.3M | No change |
| XBI SS SPDR S&P Biotech ETF | 0.91% | 13,864 | $1.1M | Add +80.9% |
| OZK Bank Ozk | 0.88% | 24,900 | $1.1M | New |
| BXC Bluelinx Holdings Inc. | 0.85% | 14,000 | $1.0M | Reduce -12.5% |
| ACIC American Coastal Insurance C | 0.85% | 90,658 | $1.0M | Add +101.5% |
| CCB Coastal Financial Corp. | 0.81% | 11,000 | $995K | Add +22.2% |
| TX Ternium SA-Sponsored ADR | 0.78% | 31,084 | $969K | Reduce -55.5% |
| META Meta Platforms Inc. Class A | 0.75% | 1,600 | $922K | New |
| TIGO Millicom Intl Cellular S.A. | 0.74% | 30,000 | $908K | New |
| XLP SS Consumer Staples Sel Sect | 0.72% | 10,900 | $890K | New |
| FINW Finwise Bancorp | 0.71% | 50,000 | $876K | New |
| KBH KB Home | 0.69% | 14,600 | $849K | New |
| TPB Turning Point Brands Inc. | 0.67% | 14,000 | $832K | Add +100.0% |
| PRCT Procept Biorobotics Corp. | 0.66% | 14,000 | $816K | New |
| EVLV Evolv Technologies Holdings | 0.66% | 260,000 | $811K | Add +108.0% |
| ITIC Investors Title Co. | 0.65% | 3,354 | $809K | No change |
| GRND Grindr Inc. | 0.65% | 45,000 | $806K | New |
| CUBI Customers Bancorp Inc. | 0.65% | 16,000 | $803K | Add +255.6% |
| NECB Northeast Community Bancorp | 0.65% | 34,021 | $797K | Add +240.2% |
| BUR Burford Capital Ltd. | 0.64% | 60,000 | $793K | New |
| CLBT Cellebrite Di Ltd. | 0.63% | 40,000 | $777K | Add +100.0% |
| LQDT Liquidity Services Inc. | 0.63% | 25,000 | $775K | New |
| RXST Rxsight Inc. | 0.61% | 30,000 | $758K | New |
| MTG Mgic Investment Corp. | 0.60% | 30,000 | $743K | No change |
| DSGR Distribution Solutions Group | 0.59% | 26,235 | $735K | Reduce -23.3% |
| CASH Pathward Financial Inc. | 0.59% | 10,000 | $730K | New |
| TSAT Telesat Corp. | 0.59% | 38,675 | $728K | New |
| EW Edwards Lifesciences Corp. | 0.59% | 10,000 | $725K | No change |
| HOOD Robinhood Markets Inc. Class A | 0.56% | 16,528 | $688K | Reduce -35.2% |
| PSIX Power Solutions Internationa | 0.55% | 27,000 | $683K | New |
| HNRG Hallador Energy Co. | 0.54% | 54,600 | $670K | Add +148.2% |
| FOUR SHIFT4 Payments Inc. Class A | 0.53% | 8,000 | $654K | Add +166.7% |
| WLDN Willdan Group Inc. | 0.53% | 16,000 | $652K | New |
| PAC Grupo Aeroportuario Pac-ADR | 0.51% | 3,400 | $631K | No change |
| VBNK Versabank | 0.50% | 60,000 | $622K | Add +81.8% |
| CNQ Canadian Natural Resources | 0.49% | 19,700 | $607K | Add +174.1% |
| UBER Uber Technologies Inc. | 0.47% | 8,000 | $583K | New |
| VNM Vaneck Vietnam ETF | 0.46% | 45,400 | $567K | New |
| FCNCA First Citizens Bcshs Class A | 0.45% | 300 | $556K | Add +200.0% |
| BZH Beazer Homes USA Inc. | 0.44% | 26,900 | $548K | Reduce -53.4% |
| FXI iShares China Large-Cap ETF | 0.44% | 15,100 | $541K | New |
| NVEC Nve Corp. | 0.41% | 8,000 | $510K | Add +100.0% |
| ACMR Acm Research Inc. Class A | 0.41% | 21,689 | $506K | New |
| KMI Kinder Morgan Inc. | 0.40% | 17,300 | $494K | New |
| UTI Universal Technical Institut | 0.38% | 18,040 | $463K | Add +10.4% |
| TTWO Take-Two Interactive Softwre | 0.37% | 2,215 | $459K | Add +29.1% |
| AHR American Healthcare REIT Inc. | 0.37% | 14,900 | $451K | New |
| VTR Ventas Inc. | 0.36% | 6,400 | $440K | New |
| SNDA Sonida Senior Living Inc. | 0.35% | 18,457 | $430K | Add +55.1% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.34% | 18,500 | $422K | New |
| LAMR Lamar Advertising Co. Class A | 0.33% | 3,600 | $410K | Reduce -66.4% |
| LINC Lincoln Educational Services | 0.32% | 25,258 | $401K | Add +24.7% |
| LHX L3HARRIS Technologies Inc. | 0.32% | 1,900 | $398K | New |
| CBOE Cboe Global Markets Inc. | 0.29% | 1,600 | $362K | Add +6.7% |
| HII Huntington Ingalls Industrie | 0.25% | 1,500 | $306K | Add +25.5% |
| BFAM Bright Horizons Family Solut | 0.25% | 2,400 | $305K | New |
| WMB Williams Cos Inc. | 0.24% | 5,000 | $299K | New |
| URNJ Sprott Jr Uranium Miners ETF | 0.24% | 20,300 | $292K | Add +20.8% |
| ARGT Global X MSCI Argentina ETF | 0.22% | 3,408 | $275K | New |
| CCJ Cameco Corp. | 0.22% | 6,680 | $275K | Add +24.2% |
| AVAV Aerovironment Inc. | 0.22% | 2,280 | $272K | Reduce -13.0% |
| PLD Prologis Inc. | 0.22% | 2,430 | $272K | New |
| CRH CRH PLC | 0.21% | 3,000 | $264K | Reduce -9.1% |
| DRS Leonardo DRS Inc. | 0.21% | 8,000 | $263K | New |
| BMA Banco Macro SA-ADR | 0.21% | 3,460 | $261K | New |
| JD Jd.com Inc.-ADR | 0.21% | 6,300 | $259K | New |
| WT Wisdomtree Inc. | 0.21% | 28,400 | $253K | Add +61.4% |
| BGC BGC Group Inc. Class A | 0.20% | 27,500 | $252K | New |
| VIRT Virtu Financial Inc. Class A | 0.20% | 6,400 | $244K | New |
| HDB HDFC Bank Ltd.-ADR | 0.19% | 3,622 | $241K | No change |
| LIND Lindblad Expeditions Holding | 0.19% | 25,668 | $238K | New |
| SBSI Southside Bancshares Inc. | 0.18% | 27 | $222K | New |
| URNM Sprott Uranium Miners ETF | 0.17% | 6,600 | $214K | New |
| CME Cme Group Inc. | 0.17% | 791 | $210K | New |
| DJT Trump Media & Technology Gro | 0.16% | 10,200 | $199K | New |
| VSTS Vestis Corp. | 0.16% | 19,978 | $198K | Add +72.5% |
| VG Venture Global Inc. Class A | 0.16% | 18,800 | $194K | New |
| MBI Mbia Inc. | 0.14% | 33,500 | $167K | New |
| BKD Brookdale Senior Living Inc. | 0.13% | 25,600 | $160K | Add +5.8% |
Options reported separately and not counted above: EEM puts ($72.7M), BABA puts ($9.3M), SPY calls ($9.0M), TSLA puts ($8.4M), HBI puts ($7.7M), GOOG puts ($6.2M), QQQ calls ($6.1M), TDG puts ($5.9M), CCOI puts ($5.5M), FUBO puts ($5.3M), SPHR calls ($3.6M), ABR puts ($2.6M), and 18 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $18K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GBGWF Global Blue Group Holding AG | *W EXP 08/28/202 | 800,000 | $18K | New |
Total filed on the 13F, all lines: $123.5M.
Portfolio Sells Q4 2024 → Q1 2025
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −4.57 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −4.42 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −3.21 |
| MAR Marriott International Class A | Sold out | 0.00% | −2.67 |
| IBIT iShares Bitcoin Trust ETF | Reduce -29.8% | 2.66% | −2.41 |
| SYF Synchrony Financial | Sold out | 0.00% | −2.05 |
| IBKR Interactive Brokers Gro Class A | Reduce -32.2% | 1.88% | −1.61 |
| ETSY Etsy Inc. | Sold out | 0.00% | −1.21 |
| FPH Five Point Holdings LLC Class A | Reduce -58.2% | 1.21% | −1.21 |
| TX Ternium SA-Sponsored ADR | Reduce -55.5% | 0.78% | −1.16 |
| BZH Beazer Homes USA Inc. | Reduce -53.4% | 0.44% | −1.07 |
| TPR Tapestry Inc. | Sold out | 0.00% | −1.00 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.98 |
| PBF PBF Energy Inc. Class A | Sold out | 0.00% | −0.96 |
| LAMR Lamar Advertising Co. Class A | Reduce -66.4% | 0.33% | −0.91 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.74 |
| BXC Bluelinx Holdings Inc. | Reduce -12.5% | 0.85% | −0.71 |
| FAF First American Financial | Sold out | 0.00% | −0.67 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.67 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.62 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.57 |
| DSGR Distribution Solutions Group | Reduce -23.3% | 0.59% | −0.53 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.53 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.52 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Sold out | 0.00% | −0.51 |
| EC Ecopetrol SA-Sponsored ADR | Reduce -20.2% | 4.05% | −0.50 |
| KNF Knife River Corp. | Sold out | 0.00% | −0.49 |
| JAKK Jakks Pacific Inc. | Sold out | 0.00% | −0.48 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.48 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.46 |
| SMWB Similarweb Ltd. | Sold out | 0.00% | −0.41 |
| IAS Integral Ad Science Holding | Sold out | 0.00% | −0.40 |
| SND Smart Sand Inc. | Sold out | 0.00% | −0.38 |
| MGNI Magnite Inc. | Sold out | 0.00% | −0.38 |
| HOOD Robinhood Markets Inc. Class A | Reduce -35.2% | 0.56% | −0.35 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.32 |
| ALSN Allison Transmission Holding | Sold out | 0.00% | −0.31 |
| FN Fabrinet | Sold out | 0.00% | −0.29 |
| TDW Tidewater Inc. | Sold out | 0.00% | −0.29 |
| MXL Maxlinear Inc. | Sold out | 0.00% | −0.28 |
| CRL Charles River Laboratories | Sold out | 0.00% | −0.28 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.27 |
| IESC Ies Holdings Inc. | Sold out | 0.00% | −0.27 |
| GNW Genworth Financial Inc. | Sold out | 0.00% | −0.27 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −0.27 |
| MRVI Maravai Lifesciences Hldgs-A | Sold out | 0.00% | −0.26 |
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −0.26 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.25 |
| XRAY Dentsply Sirona Inc. | Sold out | 0.00% | −0.24 |
| MYRG MYR Group Inc./Delaware | Sold out | 0.00% | −0.23 |
Portfolio Buys Q4 2024 → Q1 2025
| TLT iShares 20+ Year Treasury BD | New | 5.02% | +5.02 |
| AX Axos Financial Inc. | Add +825.0% | 5.80% | +5.00 |
| GOOG Alphabet Inc. Class C | Add +1300.0% | 5.31% | +4.77 |
| MEDP Medpace Holdings Inc. | New | 3.21% | +3.21 |
| AMZN Amazon.com Inc. | Add +154.3% | 6.75% | +3.14 |
| ALGN Align Technology Inc. | New | 2.97% | +2.97 |
| ORR Militia Long/SHRT Equity ETF | New | 1.15% | +1.15 |
| OZK Bank Ozk | New | 0.88% | +0.88 |
| META Meta Platforms Inc. Class A | New | 0.75% | +0.75 |
| TIGO Millicom Intl Cellular S.A. | New | 0.74% | +0.74 |
| XLP SS Consumer Staples Sel Sect | New | 0.72% | +0.72 |
| FINW Finwise Bancorp | New | 0.71% | +0.71 |
| KBH KB Home | New | 0.69% | +0.69 |
| PRCT Procept Biorobotics Corp. | New | 0.66% | +0.66 |
| GRND Grindr Inc. | New | 0.65% | +0.65 |
| BUR Burford Capital Ltd. | New | 0.64% | +0.64 |
| ET Energy Transfer LP | Add +38.3% | 6.25% | +0.63 |
| LQDT Liquidity Services Inc. | New | 0.63% | +0.63 |
| RXST Rxsight Inc. | New | 0.61% | +0.61 |
| CASH Pathward Financial Inc. | New | 0.59% | +0.59 |
| TSAT Telesat Corp. | New | 0.59% | +0.59 |
| GRVY Gravity Co. Ltd.-Sponsored ADR | Add +63.5% | 2.24% | +0.55 |
| PSIX Power Solutions Internationa | New | 0.55% | +0.55 |
| WLDN Willdan Group Inc. | New | 0.53% | +0.53 |
| UBER Uber Technologies Inc. | New | 0.47% | +0.47 |
| VNM Vaneck Vietnam ETF | New | 0.46% | +0.46 |
| CUBI Customers Bancorp Inc. | Add +255.6% | 0.65% | +0.44 |
| FXI iShares China Large-Cap ETF | New | 0.44% | +0.44 |
| NECB Northeast Community Bancorp | Add +240.2% | 0.65% | +0.41 |
| ACMR Acm Research Inc. Class A | New | 0.41% | +0.41 |
| KMI Kinder Morgan Inc. | New | 0.40% | +0.40 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +18.2% | 3.10% | +0.40 |
| AHR American Healthcare REIT Inc. | New | 0.37% | +0.37 |
| VTR Ventas Inc. | New | 0.36% | +0.36 |
| VTMX Corp. Inmobiliaria Vesta-ADR | New | 0.34% | +0.34 |
| LHX L3HARRIS Technologies Inc. | New | 0.32% | +0.32 |
| HNRG Hallador Energy Co. | Add +148.2% | 0.54% | +0.30 |
| CNQ Canadian Natural Resources | Add +174.1% | 0.49% | +0.28 |
| TPB Turning Point Brands Inc. | Add +100.0% | 0.67% | +0.27 |
| ACIC American Coastal Insurance C | Add +101.5% | 0.85% | +0.27 |
| XBI SS SPDR S&P Biotech ETF | Add +80.9% | 0.91% | +0.25 |
| FCNCA First Citizens Bcshs Class A | Add +200.0% | 0.45% | +0.25 |
| BFAM Bright Horizons Family Solut | New | 0.25% | +0.25 |
| WMB Williams Cos Inc. | New | 0.24% | +0.24 |
| FOUR SHIFT4 Payments Inc. Class A | Add +166.7% | 0.53% | +0.23 |
| ARGT Global X MSCI Argentina ETF | New | 0.22% | +0.22 |
| PLD Prologis Inc. | New | 0.22% | +0.22 |
| DRS Leonardo DRS Inc. | New | 0.21% | +0.21 |
| BMA Banco Macro SA-ADR | New | 0.21% | +0.21 |
| JD Jd.com Inc.-ADR | New | 0.21% | +0.21 |
Options Activity Q4 2024 → Q1 2025
| EEM iShares MSCI Emerging Market | put | Add +3228.0% | 1,664,000 | $72.7M |
| BABA Alibaba Group Holding-SP ADR | put | New | 70,000 | $9.3M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 16,100 | $9.0M |
| TSLA Tesla Inc. | put | Add +2608.3% | 32,500 | $8.4M |
| HBI Hanesbrands Inc. | put | Add +6.4% | 1,330,000 | $7.7M |
| GOOG Alphabet Inc. Class C | put | New | 40,000 | $6.2M |
| QQQ Invesco QQQ Trust Series 1 | call | New | 13,000 | $6.1M |
| TDG Transdigm Group Inc. | put | New | 4,300 | $5.9M |
| TSM Taiwan Semiconductor-SP ADR | call | Sold out | 27,000 | $5.3Mbefore exit |
| FUBO Fubotv Inc. | put | Reduce -46.9% | 150,000 | $5.3M |
| FXI iShares China Large-Cap ETF | call | Sold out | 152,400 | $4.6Mbefore exit |
| EW Edwards Lifesciences Corp. | call | Sold out | 60,000 | $4.4Mbefore exit |
| CVNA Carvana Co. | put | Sold out | 20,800 | $4.2Mbefore exit |
| SPHR Sphere Entertainment Co. | call | New | 110,000 | $3.6M |
| AR Antero Resources Corp. | put | Sold out | 100,000 | $3.5Mbefore exit |
| IRBTQ Irobot Corp. | put | Sold out | 303,000 | $2.3Mbefore exit |
| APP AppLovin Corp. Class A | put | Sold out | 7,100 | $2.3Mbefore exit |
| AMZN Amazon.com Inc. | call | New | 10,000 | $1.9M |
| PLTR Palantir Technologies Inc. Class A | put | Reduce -75.0% | 20,900 | $1.8M |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 20,000 | $1.7Mbefore exit |
| ARKG ARK Genomic Revolution ETF | put | Sold out | 70,000 | $1.6Mbefore exit |
| AMD Advanced Micro Devices | call | New | 15,000 | $1.5M |
| GOOG Alphabet Inc. Class C | call | Sold out | 7,500 | $1.4Mbefore exit |
| XBI SS SPDR S&P Biotech ETF | call | Add +86.4% | 15,100 | $1.2M |
| AAPL Apple Inc. | put | Sold out | 4,700 | $1.2Mbefore exit |
| MRNA Moderna Inc. | call | New | 39,300 | $1.1M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 2,000 | $1.0Mbefore exit |
| PBF PBF Energy Inc. Class A | call | Sold out | 38,000 | $1.0Mbefore exit |
| TDUP Thredup Inc. Class A | call | New | 400,000 | $964K |
| AMC AMC Entertainment HLDS Class A | put | Sold out | 210,000 | $836Kbefore exit |
| ISRG Intuitive Surgical Inc. | put | New | 1,600 | $792K |
| XOP SS SPDR S&P Og Exp & Prod | put | Sold out | 4,000 | $529Kbefore exit |
| CTSH Cognizant Tech Solutions-A | put | New | 6,400 | $490K |
| WEST Westrock Coffee Co. | put | Sold out | 75,000 | $482Kbefore exit |
| SMR Nuscale Power Corp. | put | Sold out | 23,600 | $423Kbefore exit |
| OIH Vaneck Oil Services ETF | put | Sold out | 1,500 | $407Kbefore exit |
| XLU St Sr Utl SL SE SPDR ETF-Usd | put | Sold out | 10,000 | $379Kbefore exit |
| IWM iShares Russell 2000 ETF | put | Sold out | 1,500 | $331Kbefore exit |
| TAN Invesco Solar ETF | put | Sold out | 10,000 | $331Kbefore exit |
| BYND Beyond Meat Inc. | put | Sold out | 74,500 | $280Kbefore exit |
| SOUN Soundhound AI Inc. Class A | put | Sold out | 13,600 | $270Kbefore exit |
| ONDS Ondas Inc. | put | Sold out | 100,000 | $256Kbefore exit |
| ZK Zeekr Intelligent Techno-ADR | call | New | 10,000 | $241K |
| EOSE Eos Energy Enterprises Inc. | put | Reduce -60.0% | 44,000 | $166K |
| OATLY GROUP AB (OTLY 9.25 09/14/28) | put | New | 15,000 | $147K |
| QS Quantumscape Corp. | call | New | 25,900 | $108K |
| PLUG Plug Power Inc. | call | New | 40,000 | $54K |
| VFS Vinfast Auto Ltd. | put | New | 10,000 | $32K |
| AMTX Aemetis Inc. | put | Sold out | 10,000 | $27Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| GBGWF Global Blue Group Holding AG | *W EXP 08/28/202 | New | 800,000 | $18K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.