Militia Capital Partners, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2026), Militia Capital Partners, LP reported 154 stock positions worth $212.1 million. Its top holding was Axos Financial (AX) at 4.6% of the portfolio, followed by Amazon.com (AMZN, 4.6%) and Energy Transfer (ET, 4.5%). Compared with Q1 2025, it opened 73 new positions, sold out of 24, added to 47 and reduced 18. The biggest buy was a new position in Western Midstream Partners L (WES) and the biggest sale an exit from Alphabet Class C (GOOG).
- Most Recent 13F
- Q4 2025
- Location
- AUSTIN, TX
- CIK
- 0001837496
- Portfolio Value
- $212.1M (Q2 2025)
- SEC Filing
- 0001837496-26-000009 ↗ filed Aug 14, 2026
Holdings Value
Holdings 154 stocks · $212.1M
| AX Axos Financial Inc. | 4.63% | 129,000 | $9.8M | Add +16.2% |
| AMZN Amazon.com Inc. | 4.61% | 44,600 | $9.8M | Add +1.7% |
| ET Energy Transfer LP | 4.53% | 530,000 | $9.6M | Add +27.7% |
| OMAB Grupo Aeroportuario Cen-ADR | 3.89% | 78,252 | $8.3M | Add +60.8% |
| WES Western Midstream Partners L | 3.74% | 205,000 | $7.9M | New |
| IBIT iShares Bitcoin Trust ETF | 3.54% | 122,490 | $7.5M | Add +74.8% |
| FBTC Fidelity Wise Origin Bitcoin | 3.22% | 72,700 | $6.8M | New |
| TSM Taiwan Semiconductor-SP ADR | 2.78% | 26,000 | $5.9M | New |
| EC Ecopetrol SA-Sponsored ADR | 2.32% | 556,200 | $4.9M | Add +16.1% |
| ALGN Align Technology Inc. | 2.00% | 22,400 | $4.2M | Reduce -3.0% |
| MPLX MPLX LP | 1.77% | 73,000 | $3.8M | New |
| MEDP Medpace Holdings Inc. | 1.66% | 11,200 | $3.5M | Reduce -13.8% |
| GRVY Gravity Co. Ltd.-Sponsored ADR | 1.59% | 53,000 | $3.4M | Add +16.1% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 1.56% | 163,293 | $3.3M | Add +3.3% |
| CCB Coastal Financial Corp. | 1.50% | 32,900 | $3.2M | Add +199.1% |
| AGM Federal Agric MTG Corp. Class C | 1.47% | 16,000 | $3.1M | Add +6.7% |
| IBKR Interactive Brokers Gro Class A | 1.46% | 56,000 | $3.1M | No change |
| LNG Cheniere Energy Inc. | 1.40% | 12,200 | $3.0M | Add +35.6% |
| ORR Militia Long/SHRT Equity ETF | 1.21% | 87,400 | $2.6M | Add +71.0% |
| PKBK Parke Bancorp Inc. | 1.14% | 118,961 | $2.4M | Add +0.8% |
| GSRT GSR III Acquisition Corp. | 1.02% | 200,000 | $2.2M | New |
| EVLV Evolv Technologies Holdings | 0.97% | 330,000 | $2.1M | Add +26.9% |
| GPRK Geopark Ltd. | 0.92% | 299,000 | $1.9M | Add +2.9% |
| SPOT Spotify Technology SA | 0.90% | 2,500 | $1.9M | New |
| TLT iShares 20+ Year Treasury BD | 0.90% | 21,700 | $1.9M | Reduce -68.1% |
| IBB iShares Biotechnology ETF | 0.89% | 15,000 | $1.9M | New |
| CORZ Core Scientific Inc. | 0.89% | 110,000 | $1.9M | New |
| EYE National Vision Holdings Inc. | 0.87% | 80,000 | $1.8M | New |
| PM Philip Morris International | 0.86% | 10,000 | $1.8M | No change |
| HOOD Robinhood Markets Inc. Class A | 0.82% | 18,678 | $1.7M | Add +13.0% |
| TPB Turning Point Brands Inc. | 0.82% | 23,000 | $1.7M | Add +64.3% |
| ACIC American Coastal Insurance C | 0.79% | 150,658 | $1.7M | Add +66.2% |
| LLY Eli Lilly & Co. | 0.77% | 2,100 | $1.6M | New |
| NVDA Nvidia Corp. | 0.74% | 10,000 | $1.6M | New |
| APP AppLovin Corp. Class A | 0.74% | 4,500 | $1.6M | New |
| PRIM Primoris Services Corp. | 0.73% | 20,000 | $1.6M | New |
| SOLZ Solana ETF | 0.71% | 86,100 | $1.5M | New |
| META Meta Platforms Inc. Class A | 0.70% | 2,000 | $1.5M | Add +25.0% |
| CUBI Customers Bancorp Inc. | 0.69% | 25,000 | $1.5M | Add +56.3% |
| RXST Rxsight Inc. | 0.68% | 110,900 | $1.4M | Add +269.7% |
| TMDX Transmedics Group Inc. | 0.63% | 10,000 | $1.3M | New |
| SLV iShares Silver Trust | 0.62% | 40,000 | $1.3M | New |
| HGBL Heritage Global Inc. | 0.61% | 584,478 | $1.3M | No change |
| BKD Brookdale Senior Living Inc. | 0.60% | 182,200 | $1.3M | Add +611.7% |
| PRCT Procept Biorobotics Corp. | 0.60% | 22,000 | $1.3M | Add +57.1% |
| CASH Pathward Financial Inc. | 0.60% | 16,000 | $1.3M | Add +60.0% |
| SERV Serve Robotics Inc. | 0.59% | 110,000 | $1.3M | New |
| CRMD Cormedix Inc. | 0.58% | 100,000 | $1.2M | New |
| TIGO Millicom Intl Cellular S.A. | 0.58% | 32,582 | $1.2M | Add +8.6% |
| FOUR SHIFT4 Payments Inc. Class A | 0.56% | 12,000 | $1.2M | Add +50.0% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 0.56% | 30,000 | $1.2M | New |
| ARKG ARK Genomic Revolution ETF | 0.56% | 48,600 | $1.2M | New |
| DKNG Draftkings Inc. Class A | 0.55% | 27,000 | $1.2M | New |
| FINW Finwise Bancorp | 0.53% | 74,601 | $1.1M | Add +49.2% |
| TX Ternium SA-Sponsored ADR | 0.51% | 36,084 | $1.1M | Add +16.1% |
| JD Jd.com Inc.-ADR | 0.51% | 32,900 | $1.1M | Add +422.2% |
| BOX Box Inc. Class A | 0.48% | 30,000 | $1.0M | New |
| NOC Northrop Grumman Corp. | 0.47% | 2,000 | $1000K | New |
| FPH Five Point Holdings LLC Class A | 0.47% | 180,000 | $990K | Reduce -35.5% |
| LQDT Liquidity Services Inc. | 0.44% | 40,000 | $944K | Add +60.0% |
| WLDN Willdan Group Inc. | 0.44% | 15,000 | $938K | Reduce -6.3% |
| ETOR Etoro Group Ltd. Class A | 0.44% | 13,900 | $926K | New |
| HII Huntington Ingalls Industrie | 0.43% | 3,800 | $918K | Add +153.3% |
| ICLR Icon PLC | 0.41% | 6,000 | $873K | New |
| SNDA Sonida Senior Living Inc. | 0.41% | 34,857 | $870K | Add +88.9% |
| BUR Burford Capital Ltd. | 0.40% | 60,000 | $856K | No change |
| MYRG MYR Group Inc./Delaware | 0.40% | 4,700 | $853K | New |
| UTI Universal Technical Institut | 0.40% | 24,940 | $845K | Add +38.3% |
| CCJ Cameco Corp. | 0.40% | 11,380 | $845K | Add +70.4% |
| MTG Mgic Investment Corp. | 0.39% | 30,000 | $835K | No change |
| BBC Virtus Biotech Clinical Tria | 0.39% | 43,193 | $834K | New |
| TSAT Telesat Corp. | 0.39% | 33,475 | $818K | Reduce -13.4% |
| CCS Century Communities Inc. | 0.39% | 14,500 | $817K | Reduce -27.5% |
| DRS Leonardo DRS Inc. | 0.38% | 17,400 | $809K | Add +117.5% |
| NECB Northeast Community Bancorp | 0.37% | 34,021 | $791K | No change |
| EW Edwards Lifesciences Corp. | 0.37% | 10,000 | $782K | No change |
| PAC Grupo Aeroportuario Pac-ADR | 0.37% | 3,400 | $781K | No change |
| KMI Kinder Morgan Inc. | 0.37% | 26,500 | $779K | Add +53.2% |
| LHX L3HARRIS Technologies Inc. | 0.37% | 3,100 | $778K | Add +63.2% |
| GBFH Gbank Financial Holdings Inc. | 0.37% | 21,922 | $776K | New |
| LTH Life Time Group Holdings Inc. | 0.36% | 25,500 | $773K | New |
| BXC Bluelinx Holdings Inc. | 0.35% | 10,000 | $744K | Reduce -28.6% |
| LINC Lincoln Educational Services | 0.35% | 31,858 | $734K | Add +26.1% |
| DSGR Distribution Solutions Group | 0.34% | 26,235 | $721K | No change |
| AMAT Applied Materials Inc. | 0.34% | 3,900 | $714K | New |
| ITIC Investors Title Co. | 0.33% | 3,354 | $709K | No change |
| HNRG Hallador Energy Co. | 0.33% | 44,600 | $706K | Reduce -18.3% |
| MRNA Moderna Inc. | 0.33% | 25,484 | $703K | New |
| WMB Williams Cos Inc. | 0.33% | 11,000 | $691K | Add +120.0% |
| AHR American Healthcare REIT Inc. | 0.33% | 18,800 | $691K | Add +26.2% |
| VBNK Versabank | 0.32% | 60,000 | $684K | No change |
| LRCX Lam Research Corp. | 0.32% | 7,000 | $681K | New |
| GRND Grindr Inc. | 0.32% | 30,000 | $681K | Reduce -33.3% |
| LIND Lindblad Expeditions Holding | 0.32% | 58,268 | $680K | Add +127.0% |
| FEIM Frequency Electronics Inc. | 0.32% | 29,800 | $677K | New |
| URNM Sprott Uranium Miners ETF | 0.31% | 13,600 | $652K | Add +106.1% |
| RDDT Reddit Inc. Class A | 0.30% | 4,200 | $632K | New |
| CAT Caterpillar Inc. | 0.29% | 1,600 | $621K | New |
| BOSC Bos Better on-Line Solutions | 0.29% | 127,644 | $619K | New |
| VTR Ventas Inc. | 0.29% | 9,600 | $606K | Add +50.0% |
Options reported separately and not counted above: SPY calls ($66.7M), QQQ puts ($24.5M), IWM calls ($19.9M), WDAY puts ($15.3M), EEM puts ($15.1M), MCD puts ($12.5M), SLV calls ($9.8M), FUBO puts ($6.9M), HBI puts ($6.1M), BABA puts ($5.6M), PLTR puts ($4.7M), SPHR calls ($4.6M), and 28 more.
Portfolio Sells Q1 2025 → Q2 2025
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −5.31 |
| TLT iShares 20+ Year Treasury BD | Reduce -68.1% | 0.90% | −4.12 |
| MEDP Medpace Holdings Inc. | Reduce -13.8% | 1.66% | −1.55 |
| ALGN Align Technology Inc. | Reduce -3.0% | 2.00% | −0.97 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.91 |
| OZK Bank Ozk | Sold out | 0.00% | −0.88 |
| FPH Five Point Holdings LLC Class A | Reduce -35.5% | 0.47% | −0.74 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.72 |
| CCS Century Communities Inc. | Reduce -27.5% | 0.39% | −0.70 |
| KBH KB Home | Sold out | 0.00% | −0.69 |
| PSIX Power Solutions Internationa | Sold out | 0.00% | −0.55 |
| BXC Bluelinx Holdings Inc. | Reduce -28.6% | 0.35% | −0.50 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.45 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.44 |
| NVEC Nve Corp. | Sold out | 0.00% | −0.41 |
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −0.41 |
| CLBT Cellebrite Di Ltd. | Reduce -25.0% | 0.23% | −0.40 |
| UBER Uber Technologies Inc. | Reduce -63.8% | 0.13% | −0.34 |
| CNQ Canadian Natural Resources | Reduce -45.7% | 0.16% | −0.33 |
| GRND Grindr Inc. | Reduce -33.3% | 0.32% | −0.33 |
| VNM Vaneck Vietnam ETF | Reduce -44.0% | 0.16% | −0.29 |
| BZH Beazer Homes USA Inc. | Reduce -33.1% | 0.19% | −0.25 |
| BFAM Bright Horizons Family Solut | Sold out | 0.00% | −0.25 |
| URNJ Sprott Jr Uranium Miners ETF | Sold out | 0.00% | −0.24 |
| ARGT Global X MSCI Argentina ETF | Sold out | 0.00% | −0.22 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.22 |
| BMA Banco Macro SA-ADR | Sold out | 0.00% | −0.21 |
| HNRG Hallador Energy Co. | Reduce -18.3% | 0.33% | −0.21 |
| BGC BGC Group Inc. Class A | Sold out | 0.00% | −0.20 |
| TSAT Telesat Corp. | Reduce -13.4% | 0.39% | −0.20 |
| TTWO Take-Two Interactive Softwre | Reduce -31.6% | 0.17% | −0.20 |
| SBSI Southside Bancshares Inc. | Sold out | 0.00% | −0.18 |
| DJT Trump Media & Technology Gro | Sold out | 0.00% | −0.16 |
| VSTS Vestis Corp. | Sold out | 0.00% | −0.16 |
| WLDN Willdan Group Inc. | Reduce -6.3% | 0.44% | −0.09 |
| AVAV Aerovironment Inc. | Reduce -52.6% | 0.15% | −0.07 |
| BRAG Bragg Gaming Group Inc. | Sold out | 0.00% | −0.05 |
| VG Venture Global Inc. Class A | Reduce -15.0% | 0.12% | −0.04 |
| URG Ur-Energy Inc. | Sold out | 0.00% | −0.03 |
| MKTW Marketwise Inc. | Sold out | 0.00% | −0.03 |
| RAVE Rave Restaurant Group Inc. | Sold out | 0.00% | −0.02 |
| ORIGIN MATERIALS INC | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| WES Western Midstream Partners L | New | 3.74% | +3.74 |
| FBTC Fidelity Wise Origin Bitcoin | New | 3.22% | +3.22 |
| TSM Taiwan Semiconductor-SP ADR | New | 2.78% | +2.78 |
| MPLX MPLX LP | New | 1.77% | +1.77 |
| GSRT GSR III Acquisition Corp. | New | 1.02% | +1.02 |
| SPOT Spotify Technology SA | New | 0.90% | +0.90 |
| IBB iShares Biotechnology ETF | New | 0.89% | +0.89 |
| CORZ Core Scientific Inc. | New | 0.89% | +0.89 |
| IBIT iShares Bitcoin Trust ETF | Add +74.8% | 3.54% | +0.88 |
| EYE National Vision Holdings Inc. | New | 0.87% | +0.87 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +60.8% | 3.89% | +0.79 |
| LLY Eli Lilly & Co. | New | 0.77% | +0.77 |
| NVDA Nvidia Corp. | New | 0.74% | +0.74 |
| APP AppLovin Corp. Class A | New | 0.74% | +0.74 |
| PRIM Primoris Services Corp. | New | 0.73% | +0.73 |
| SOLZ Solana ETF | New | 0.71% | +0.71 |
| CCB Coastal Financial Corp. | Add +199.1% | 1.50% | +0.70 |
| TMDX Transmedics Group Inc. | New | 0.63% | +0.63 |
| SLV iShares Silver Trust | New | 0.62% | +0.62 |
| SERV Serve Robotics Inc. | New | 0.59% | +0.59 |
| CRMD Cormedix Inc. | New | 0.58% | +0.58 |
| MRX Marex UK Holdings Ltd. | New | 0.56% | +0.56 |
| ARKG ARK Genomic Revolution ETF | New | 0.56% | +0.56 |
| DKNG Draftkings Inc. Class A | New | 0.55% | +0.55 |
| BOX Box Inc. Class A | New | 0.48% | +0.48 |
| NOC Northrop Grumman Corp. | New | 0.47% | +0.47 |
| BKD Brookdale Senior Living Inc. | Add +611.7% | 0.60% | +0.47 |
| ETOR Etoro Group Ltd. Class A | New | 0.44% | +0.44 |
| ICLR Icon PLC | New | 0.41% | +0.41 |
| MYRG MYR Group Inc./Delaware | New | 0.40% | +0.40 |
| BBC Virtus Biotech Clinical Tria | New | 0.39% | +0.39 |
| GBFH Gbank Financial Holdings Inc. | New | 0.37% | +0.37 |
| LTH Life Time Group Holdings Inc. | New | 0.36% | +0.36 |
| AMAT Applied Materials Inc. | New | 0.34% | +0.34 |
| MRNA Moderna Inc. | New | 0.33% | +0.33 |
| LRCX Lam Research Corp. | New | 0.32% | +0.32 |
| FEIM Frequency Electronics Inc. | New | 0.32% | +0.32 |
| EVLV Evolv Technologies Holdings | Add +26.9% | 0.97% | +0.31 |
| RDDT Reddit Inc. Class A | New | 0.30% | +0.30 |
| JD Jd.com Inc.-ADR | Add +422.2% | 0.51% | +0.30 |
| CAT Caterpillar Inc. | New | 0.29% | +0.29 |
| BOSC Bos Better on-Line Solutions | New | 0.29% | +0.29 |
| TBPH Theravance Biopharma Inc. | New | 0.28% | +0.28 |
| CMI Cummins Inc. | New | 0.28% | +0.28 |
| HOOD Robinhood Markets Inc. Class A | Add +13.0% | 0.82% | +0.27 |
| COIN Coinbase Global Inc. Class A | New | 0.25% | +0.25 |
| SHLS Shoals Technologies Group -A | New | 0.24% | +0.24 |
| ETN Eaton Corp. PLC | New | 0.24% | +0.24 |
| LOGI Logitech International-Reg | New | 0.23% | +0.23 |
| ASR Grupo Aeroportuario Sur-ADR | New | 0.23% | +0.23 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +570.2% | 107,900 | $66.7M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 44,400 | $24.5M |
| IWM iShares Russell 2000 ETF | call | New | 92,000 | $19.9M |
| WDAY Workday Inc. Class A | put | New | 63,900 | $15.3M |
| EEM iShares MSCI Emerging Market | put | Reduce -81.2% | 312,600 | $15.1M |
| MCD McDonald's Corp. | put | New | 42,900 | $12.5M |
| SLV iShares Silver Trust | call | New | 300,000 | $9.8M |
| TSLA Tesla Inc. | put | Sold out | 32,500 | $8.4Mbefore exit |
| GOOG Alphabet Inc. Class C | put | Sold out | 40,000 | $6.2Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 13,000 | $6.1Mbefore exit |
| TDG Transdigm Group Inc. | put | Sold out | 4,300 | $5.9Mbefore exit |
| BABA Alibaba Group Holding-SP ADR | put | Reduce -29.3% | 49,500 | $5.6M |
| PLTR Palantir Technologies Inc. Class A | put | Add +65.1% | 34,500 | $4.7M |
| CCOI Cogent Communications Holdin | put | Reduce -22.2% | 70,000 | $3.4M |
| WMT Walmart Inc. | put | New | 27,800 | $2.7M |
| MU Micron Technology Inc. | call | New | 20,000 | $2.5M |
| AMZN Amazon.com Inc. | call | Sold out | 10,000 | $1.9Mbefore exit |
| CMI Cummins Inc. | call | New | 5,400 | $1.8M |
| COST Costco Wholesale Corp. | put | New | 1,700 | $1.7M |
| LYFT LYFT Inc. Class A | put | New | 100,000 | $1.6M |
| SJM The JM Smucker Co. | put | New | 16,000 | $1.6M |
| AMD Advanced Micro Devices | call | Reduce -33.3% | 10,000 | $1.4M |
| DUOL Duolingo | put | New | 3,000 | $1.2M |
| XBI SS SPDR S&P Biotech ETF | call | Sold out | 15,100 | $1.2Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | call | New | 5,000 | $1.1M |
| IBIT iShares Bitcoin Trust ETF | call | New | 18,000 | $1.1M |
| MRNA Moderna Inc. | call | Reduce -4.8% | 37,400 | $1.0M |
| TDUP Thredup Inc. Class A | call | Sold out | 400,000 | $964Kbefore exit |
| TSSI TSS Inc. | put | New | 30,000 | $865K |
| ISRG Intuitive Surgical Inc. | put | Sold out | 1,600 | $792Kbefore exit |
| BFH Bread Financial Holdings Inc. | put | New | 13,200 | $754K |
| EOSE Eos Energy Enterprises Inc. | put | Add +227.5% | 144,100 | $738K |
| KSS Kohls Corp. | put | New | 60,000 | $509K |
| CTSH Cognizant Tech Solutions-A | put | Sold out | 6,400 | $490Kbefore exit |
| QS Quantumscape Corp. | call | Add +160.2% | 67,400 | $453K |
| TBHC Brand House Collective Inc./T | put | Sold out | 199,900 | $252Kbefore exit |
| ZK Zeekr Intelligent Techno-ADR | call | Sold out | 10,000 | $241Kbefore exit |
| NXH Neighborhood Intelligence Inc. | put | New | 30,000 | $206K |
| GWW WW Grainger Inc. | put | Sold out | 203,100 | $106Kbefore exit |
| IRBTQ Irobot Corp. | put | New | 23,000 | $72K |
| LUMN Lumen Technologies Inc. | put | New | 15,000 | $66K |
| CHGG Chegg Inc. | put | New | 50,000 | $61K |
| FCEL Fuelcell Energy Inc. | put | New | 10,000 | $56K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| GBGWF Global Blue Group Holding AG | *W EXP 08/28/202 | Sold out | 800,000 | $18Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.