Monashee Investment Management LLC

Name: Monashee Investment Management LLC 13F holdings, Q2 2025
Creator: Monashee Investment Management LLC
Published: 2025-08-11

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Monashee Investment Management LLC reported 36 stock positions worth $181.8 million. Its top holding was Eli Lilly (LLY) at 8.6% of the portfolio, followed by Core Scientific (CORZ, 6.6%) and Kratos Defense & Security (KTOS, 6.4%). Compared with Q1 2025, it opened 30 new positions, sold out of 35, added to 4 and reduced 2. The biggest buy was a new position in Eli Lilly (LLY) and the biggest sale an exit from iShares Core S&P 500 ETF (IVV).

Most Recent 13F: Q2 2026
Location: Boston, MA
CIK: 0001627608
Portfolio Value: $181.8M (Q2 2025)
SEC Filing: 0001172661-25-002999 ↗ filed Aug 11, 2025

Holdings Value

Holdings 36 stocks · $181.8M


LLY Eli Lilly & Co.	8.58%	20,000	$15.6M	New
CORZ Core Scientific Inc.	6.57%	700,000	$11.9M	New
KTOS Kratos Defense & Security	6.39%	250,000	$11.6M	New
BBIO Bridgebio Pharma Inc.	6.06%	255,000	$11.0M	Add +45.7%
SLDB Solid Biosciences Inc.	5.80%	2,165,000	$10.5M	Add +29.4%
GLXY Galaxy Digital Inc. Class A	5.66%	470,000	$10.3M	New
GPCR Structure Therapeutics Inc.	4.91%	430,000	$8.9M	Add +46.8%
ACHR Archer Aviation Inc. Class A	4.77%	800,000	$8.7M	New
CHWY Chewy Inc. Class A	4.69%	200,000	$8.5M	New
RIOT Riot Platforms Inc.	3.73%	600,000	$6.8M	New
TMUS T-Mobile US Inc.	3.28%	25,000	$6.0M	New
OMDA Omada Health Inc.	3.02%	300,000	$5.5M	New
ETOR Etoro Group Ltd. Class A	2.84%	77,500	$5.2M	New
MMYT Makemytrip Ltd.	2.83%	52,500	$5.1M	New
ADT Adt Inc.	2.80%	600,406	$5.1M	Add +4.4%
OKLO Oklo Inc.	2.77%	90,000	$5.0M	New
VERX Vertex Inc. Class A	2.53%	130,000	$4.6M	New
RDW Redwire Corp.	2.24%	250,000	$4.1M	New
INSM Insmed Inc.	2.21%	40,000	$4.0M	New
KYMR Kymera Therapeutics Inc.	2.04%	85,000	$3.7M	New
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC	1.95%	90,000	$3.6M	New
NBIS Nebius Group NV	1.83%	60,000	$3.3M	New
LTM Latam Airlines Group SA-ADR	1.79%	80,000	$3.3M	New
CCC CCC Intelligent Solutions Ho	1.68%	325,000	$3.1M	New
LTH Life Time Group Holdings Inc.	1.42%	85,000	$2.6M	New
KARO Karooooo Ltd.	1.21%	45,000	$2.2M	New
CAEP Cantor Equity Partners III-A	1.16%	200,000	$2.1M	New
ONDS Ondas Inc. filed as ONDAS HLDGS INC	1.06%	1,000,000	$1.9M	New
CEPT Cantor Equity Partners Class A	0.91%	150,000	$1.7M	New
KRT Karat Packaging Inc.	0.85%	55,000	$1.5M	New
AIRS Airsculpt Technologies Inc.	0.65%	245,538	$1.2M	New
SITM Sitime Corp.	0.59%	5,000	$1.1M	New
TATT Tat Technologies Ltd.	0.54%	31,937	$975K	New
BDSX Biodesix Inc.	0.31%	2,000,000	$564K	Reduce -50.6%
CMPX Compass Therapeutics Inc.	0.24%	165,000	$429K	Reduce -63.2%
JCAP Jefferson Capital Inc.	0.10%	10,000	$185K	New

Options reported separately and not counted above: QXO puts ($17.2M), BRO puts ($16.6M), TTAN puts ($10.2M), HNGE puts ($7.2M), CIFR puts ($5.3M), CHYM puts ($4.8M), BTSG puts ($3.3M), TEM puts ($3.2M), SLDE puts ($3.0M), AUR puts ($2.6M), VOYG puts ($2.6M), SMCI puts ($2.5M), and 5 more.

Other holdings (4): bonds, preferreds, convertibles and warrants · $7.8M (not counted above)

Security	Class	Shares / Principal	Value	Change
QXO INC (QXO 5.5 05/15/28 B)	5.50 DEP PFD	75,000	$4.6M	New
CIPHER DIGITAL INC (CIFR 1.75 05/15/30)	NOTE 1.750% 5/1 · principal	2,000,000	$2.6M	New
GOSSAMER BIO INC (GOSS 5 06/01/27)	NOTE 5.000% 6/0 · principal	1,000,000	$527K	New
SRZNW Surrozen Inc.-CW25	*W EXP 08/01/203	30,129	$545	New

Total filed on the 13F, all lines: $189.5M.

Portfolio Sells Q1 2025 → Q2 2025


IVV iShares Core S&P 500 ETF	Sold out	0.00%	−19.51
VOO Vanguard S&P 500 ETF	Sold out	0.00%	−19.45
VEA Vanguard Ftse Developed ETF	Sold out	0.00%	−11.26
IEFA iShares Core MSCI Eafe ETF	Sold out	0.00%	−8.61
VWO Vanguard Ftse Emerging Marke	Sold out	0.00%	−6.16
IEMG iShares Core MSCI Emerging	Sold out	0.00%	−5.27
ITOT iShares Core S&P Total U.S.	Sold out	0.00%	−3.12
VTI VG Morningstar TS MKT ETF-US	Sold out	0.00%	−3.11
PRMB Primo Brands Corp.	Sold out	0.00%	−2.40
AEP American Electric Power	Sold out	0.00%	−1.98
ETR Entergy Corp.	Sold out	0.00%	−1.55
SARO Standardaero Inc.	Sold out	0.00%	−1.55
PRCH Porch Group Inc.	Sold out	0.00%	−1.37
WAY Waystar Holding Corp.	Sold out	0.00%	−1.13
LB Landbridge Co. LLC-A	Sold out	0.00%	−1.09
KDP Keurig Dr Pepper Inc.	Sold out	0.00%	−0.99
AMTM Amentum Holdings Inc.	Sold out	0.00%	−0.79
FG F&G Annuities & Life Inc.	Sold out	0.00%	−0.76
SCHW Schwab (charles) Corp.	Sold out	0.00%	−0.71
CRWV Coreweave Inc. Class A	Sold out	0.00%	−0.67
COMP Compass Inc. Class A	Sold out	0.00%	−0.63
AS Amer Sports Inc.	Sold out	0.00%	−0.57
KKR KKR & Co. Inc.	Sold out	0.00%	−0.56
VIK Viking Holdings Ltd.	Sold out	0.00%	−0.48
AAPG Ascentage Pharma GR-ADR	Sold out	0.00%	−0.42
HUMA Humacyte Inc.	Sold out	0.00%	−0.41
OWL Blue Owl Capital Inc.	Sold out	0.00%	−0.36
AKBA Akebia Therapeutics Inc.	Sold out	0.00%	−0.35
CWAN Clearwater Analytics HDS-A	Sold out	0.00%	−0.34
QFIN Qfin Holdings Inc.-ADR	Sold out	0.00%	−0.27
MUX McEwen Inc.	Sold out	0.00%	−0.25
MLYS Mineralys Therapeutics Inc.	Sold out	0.00%	−0.22
GME Gamestop Corp. Class A	Sold out	0.00%	−0.20
ED Consolidated Edison Inc.	Sold out	0.00%	−0.20
ACRS Aclaris Therapeutics Inc.	Sold out	0.00%	−0.16
BDSX Biodesix Inc.	Reduce -50.6%	0.31%	+0.00
CMPX Compass Therapeutics Inc.	Reduce -63.2%	0.24%	+0.13

Portfolio Buys Q1 2025 → Q2 2025


LLY Eli Lilly & Co.	New	8.58%	+8.58
CORZ Core Scientific Inc.	New	6.57%	+6.57
KTOS Kratos Defense & Security	New	6.39%	+6.39
GLXY Galaxy Digital Inc. Class A	New	5.66%	+5.66
BBIO Bridgebio Pharma Inc.	Add +45.7%	6.06%	+5.33
SLDB Solid Biosciences Inc.	Add +29.4%	5.80%	+5.05
ACHR Archer Aviation Inc. Class A	New	4.77%	+4.77
CHWY Chewy Inc. Class A	New	4.69%	+4.69
GPCR Structure Therapeutics Inc.	Add +46.8%	4.91%	+4.29
RIOT Riot Platforms Inc.	New	3.73%	+3.73
TMUS T-Mobile US Inc.	New	3.28%	+3.28
OMDA Omada Health Inc.	New	3.02%	+3.02
ETOR Etoro Group Ltd. Class A	New	2.84%	+2.84
MMYT Makemytrip Ltd.	New	2.83%	+2.83
OKLO Oklo Inc.	New	2.77%	+2.77
VERX Vertex Inc. Class A	New	2.53%	+2.53
RDW Redwire Corp.	New	2.24%	+2.24
ADT Adt Inc.	Add +4.4%	2.80%	+2.23
INSM Insmed Inc.	New	2.21%	+2.21
KYMR Kymera Therapeutics Inc.	New	2.04%	+2.04
MRX Marex UK Holdings Ltd.	New	1.95%	+1.95
NBIS Nebius Group NV	New	1.83%	+1.83
LTM Latam Airlines Group SA-ADR	New	1.79%	+1.79
CCC CCC Intelligent Solutions Ho	New	1.68%	+1.68
LTH Life Time Group Holdings Inc.	New	1.42%	+1.42
KARO Karooooo Ltd.	New	1.21%	+1.21
CAEP Cantor Equity Partners III-A	New	1.16%	+1.16
ONDS Ondas Inc.	New	1.06%	+1.06
CEPT Cantor Equity Partners Class A	New	0.91%	+0.91
KRT Karat Packaging Inc.	New	0.85%	+0.85
AIRS Airsculpt Technologies Inc.	New	0.65%	+0.65
SITM Sitime Corp.	New	0.59%	+0.59
TATT Tat Technologies Ltd.	New	0.54%	+0.54
JCAP Jefferson Capital Inc.	New	0.10%	+0.10

Options Activity Q1 2025 → Q2 2025


QXO Qxo Inc.	put	New	800,000	$17.2M
BRO Brown & Brown Inc.	put	New	150,000	$16.6M
TTAN Servicetitan Inc. Class A	put	New	95,000	$10.2M
HNGE Hinge Health Inc. Class A	put	New	140,000	$7.2M
CIFR Cipher Digital Inc.	put	New	1,100,000	$5.3M
CHYM Chime Financial Inc. Class A	put	New	140,000	$4.8M
BTSG Brightspring Health Services	put	New	140,000	$3.3M
TEM Tempus AI Inc. Class A	put	New	50,000	$3.2M
SLDE Slide Insurance Holdings Inc.	put	New	140,000	$3.0M
AUR Aurora Innovation Inc.	put	New	500,000	$2.6M
VOYG Voyager Technologies Inc. Class A	put	New	65,000	$2.6M
SMCI Super Micro Computer Inc.	put	New	50,000	$2.5M
RBRK Rubrik Inc. Class A	put	New	25,000	$2.2M
CTRI Centuri Holdings Inc.	put	New	80,000	$1.8M
CAI Caris Life Sciences Inc.	put	New	65,000	$1.7M
AIRO Airo Group Holdings Inc.	put	New	45,000	$1.1M
SNDK Sandisk Corp.	put	New	22,033	$999K

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


KKR & CO INC (KKR 6.25 03/01/28 D)	6.25 CON SER D	Sold out	108,888	$5.4Mbefore exit
QXO INC (QXO 5.5 05/15/28 B)	5.50 DEP PFD	New	75,000	$4.6M
NEXTERA ENERGY INC (NEE 7.234 11/01/27)	UNIT 11/01/2027	Sold out	100,000	$4.6Mbefore exit
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28)	DEP SHS REPSTG	Sold out	75,000	$3.8Mbefore exit
BOEING CO/THE (BA 6 10/15/27)	DEP CONV PFD A	Sold out	50,000	$3.0Mbefore exit
CIPHER DIGITAL INC (CIFR 1.75 05/15/30)	NOTE 1.750% 5/1 · principal	New	2,000,000	$2.6M
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29)	NOTE 3.500% 3/0 · principal	Sold out	1,500,000	$1.5Mbefore exit
GOSSAMER BIO INC (GOSS 5 06/01/27)	NOTE 5.000% 6/0 · principal	New	1,000,000	$527K
SRZNW Surrozen Inc.-CW25	*W EXP 08/01/203	New	30,129	$545

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	17	$41.4M	SLDB, DLR, SYRE, ADT, TNGX
Q1 2026	41	$154.8M	TERN, MDLN, NRG, FPS, SLDB
Q4 2025	37	$169.3M	GPCR, MDLN, SOFI, ULS, INSM
Q3 2025	58	$194.0M	BBIO, FWDI, WYFI, FIGR, NTSK
Q2 2025	36	$181.8M	LLY, CORZ, KTOS, BBIO, SLDB
Q1 2025	41	$826.9M	IVV, VOO, VEA, IEFA, VWO
Q4 2024	34	$719.5M	IVV, VOO, VEA, IEFA, VWO
Q3 2024	103	$903.5M	IVV, VOO, VEA, IEFA, VWO
Q2 2024	72	$766.6M	IVV, VOO, VEA, IEFA, VWO
Q1 2024	99	$835.9M	IVV, VOO, VEA, IEFA, VWO