In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Nishkama Capital, LLC reported 69 stock positions worth $1.1 billion . Its top holding was Bloom Energy Class A (BE) at 7.3% of the portfolio, followed by Apple (AAPL, 6.1% ) and Hewlett Packard Enterprise (HPE, 4.9% ). Compared with Q2 2025, it opened 42 new positions, sold out of 14, added to 10 and reduced 17. The biggest buy was Bloom Energy Class A (BE, shares +384% ) and the biggest sale Reddit Class A (RDDT, shares −80% ).
Location DORADO, PR
CIK 0001633799
Portfolio Value $1.1B (Q3 2025) Holdings 69 stocks · $1.1B 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 Q2 2025 BE Bloom Energy Corp. Class A 968,000 $81.9M Add +384.0% AAPL Apple Inc. 267,360 $68.1M New HPE Hewlett Packard Enterprise 2,231,092 $54.8M New APP AppLovin Corp. Class A 61,616 $44.3M Add +22.2% AMZN Amazon.com Inc. 200,152 $43.9M Add +127.8% MSFT Microsoft Corp. 77,080 $39.9M Add +0.1% CVNA Carvana Co. 88,260 $33.3M Add +61.6% RBLX Roblox Corp. Class A 228,226 $31.6M New DUOL Duolingo 97,780 $31.5M New MCD McDonald's Corp. 98,743 $30.0M New WIX Wix.com Ltd. 163,892 $29.1M New NVDA Nvidia Corp. 155,905 $29.1M Reduce -35.4% HUT Hut 8 Corp. 808,291 $28.1M New SPOT Spotify Technology SA 40,248 $28.1M New GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 724,479 $28.0M New CEG Constellation Energy 68,570 $22.6M Add +42.9% Z Zillow Group Inc. Class C 265,430 $20.5M New CELH Celsius Holdings Inc. 343,206 $19.7M Reduce -55.8% MDB Mongodb Inc. 61,039 $18.9M New RKT Rocket Cos Inc. Class A 959,690 $18.6M Add +3281.4% U Unity Software Inc. 447,353 $17.9M Reduce -40.4% SNOW Snowflake Inc. 77,808 $17.5M New CHWY Chewy Inc. Class A 432,577 $17.5M Reduce -0.7% VST Vistra Corp. 89,024 $17.4M Reduce -63.7% ESTC Elastic NV 178,315 $15.1M Add +16.1% RDDT Reddit Inc. Class A 64,040 $14.7M Reduce -80.0% BABA Alibaba Group Holding-SP ADR 81,526 $14.6M New DT Dynatrace Inc. 298,403 $14.5M New KMI Kinder Morgan Inc. 464,026 $13.1M New WULF Terawulf Inc. 1,148,000 $13.1M New GOOGL Alphabet Inc. Class A 53,131 $12.9M New CFLT Confluent Inc. Class A 601,274 $11.9M New NEE Nextera Energy Inc. 156,138 $11.8M New ETR Entergy Corp. 125,943 $11.7M New FSLR First Solar Inc. 50,253 $11.1M New ETSY Etsy Inc. 156,321 $10.4M New EQT Eqt Corp. 185,861 $10.1M New BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 489,037 $9.3M Reduce -3.0% PDD PDD Holdings Inc. 67,162 $8.9M New SONY Sony Group Corp. - SP ADR 300,667 $8.7M New UWMC Uwm Holdings Corp. 1,361,149 $8.3M New META Meta Platforms Inc. Class A 10,706 $7.9M Reduce -21.1% CART Maplebear Inc. 198,513 $7.3M Reduce -43.1% HOOD Robinhood Markets Inc. Class A 43,367 $6.2M Reduce -78.5% CLS Celestica Inc. 24,655 $6.1M New WMB Williams Cos Inc. 95,831 $6.1M New OLED Universal Display Corp. 42,181 $6.1M New AMAT Applied Materials Inc. 29,401 $6.0M New PRIM Primoris Services Corp. 43,432 $6.0M Reduce -79.7% AES AES Corp. 450,150 $5.9M New ENTG Entegris Inc. 63,366 $5.9M New NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 365,500 $5.9M New FIVN FIVE9 Inc. 241,115 $5.8M Reduce -53.8% FIGR Figure Technology Solut Class A 158,253 $5.8M New TIC Tic Solutions Inc. filed as ACUREN CORP 428,477 $5.7M New TLN Talen Energy Corp. 13,161 $5.6M Reduce -61.9% FLNC Fluence Energy Inc. 501,321 $5.4M New FND Floor & Decor Holdings Inc. Class A 68,307 $5.0M New PTON Peloton Interactive Inc. Class A 525,237 $4.7M Add +9.6% IMAX Imax Corp. 125,905 $4.1M Add +151.8% CCOI Cogent Communications Holdin 105,705 $4.1M New FROG Jfrog Ltd. 84,040 $4.0M New IREN Iren Ltd. filed as IREN LIMITED 83,695 $3.9M New LITE Lumentum Holdings Inc. 23,778 $3.9M Reduce -77.3% TBCH Turtle Beach Corp. 192,854 $3.1M New TSEM Tower Semiconductor Ltd. 42,230 $3.1M Reduce -43.5% ENVX Enovix Corp. 299,839 $3.0M Reduce -44.8% WRBY Warby Parker Inc. Class A 106,523 $2.9M Reduce -31.3% KNX Knight-Swift Transportation 74,230 $2.9M New
Options reported separately and not counted above: SPY puts ($892.0M), TLT calls ($312.8M), QQQ puts ($285.8M), IWM puts ($214.1M), AMZN calls ($199.8M), C puts ($97.9M), AXP puts ($84.7M), AAPL calls ($72.6M), COF puts ($56.3M), MSTR puts ($53.6M), CVNA puts ($53.2M), MCD calls ($48.9M), and 32 more.
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ RDDT Reddit Inc. Class A Reduce -80.0% 1.32% −6.58 VST Vistra Corp. Reduce -63.7% 1.56% −6.23 DDOG Datadog Inc. Class A Sold out 0.00% −4.77 CELH Celsius Holdings Inc. Reduce -55.8% 1.77% −4.13 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −3.76 NVDA Nvidia Corp. Reduce -35.4% 2.61% −3.64 COIN Coinbase Global Inc. Class A Sold out 0.00% −3.19 LVS Las Vegas Sands Corp. Sold out 0.00% −3.15 HOOD Robinhood Markets Inc. Class A Reduce -78.5% 0.56% −2.54 ANET Arista Networks Inc. Sold out 0.00% −2.37 PRIM Primoris Services Corp. Reduce -79.7% 0.54% −2.20 AFRM Affirm Holdings Inc. Sold out 0.00% −2.02 CART Maplebear Inc. Reduce -43.1% 0.65% −1.93 FIVN FIVE9 Inc. Reduce -53.8% 0.52% −1.74 CRM Salesforce Inc. Sold out 0.00% −1.55 CHWY Chewy Inc. Class A Reduce -0.7% 1.57% −1.47 U Unity Software Inc. Reduce -40.4% 1.61% −1.37 LITE Lumentum Holdings Inc. Reduce -77.3% 0.35% −1.28 CMG Chipotle Mexican Grill Inc. Sold out 0.00% −1.18 TLN Talen Energy Corp. Reduce -61.9% 0.50% −1.14 META Meta Platforms Inc. Class A Reduce -21.1% 0.71% −0.94 ORCL Oracle Corp. Sold out 0.00% −0.90 UPST Upstart Holdings Inc. Sold out 0.00% −0.76 LULU Lululemon Athletica Inc. Sold out 0.00% −0.69 ENVX Enovix Corp. Reduce -44.8% 0.27% −0.65 BEKE Ke Holdings Inc.-ADR Reduce -3.0% 0.83% −0.63 NOK Nokia Corp.-Spon ADR Sold out 0.00% −0.59 WRBY Warby Parker Inc. Class A Reduce -31.3% 0.26% −0.29 QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.27 TSEM Tower Semiconductor Ltd. Reduce -43.5% 0.27% −0.26 IWM iShares Russell 2000 ETF Sold out 0.00% −0.25
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ BE Bloom Energy Corp. Class A Add +384.0% 7.34% +6.56 AAPL Apple Inc. New 6.11% +6.11 HPE Hewlett Packard Enterprise New 4.92% +4.92 RBLX Roblox Corp. Class A New 2.84% +2.84 DUOL Duolingo New 2.82% +2.82 MCD McDonald's Corp. New 2.69% +2.69 WIX Wix.com Ltd. New 2.61% +2.61 HUT Hut 8 Corp. New 2.52% +2.52 SPOT Spotify Technology SA New 2.52% +2.52 GDS GDS Holdings Ltd. - ADR New 2.52% +2.52 Z Zillow Group Inc. Class C New 1.83% +1.83 MDB Mongodb Inc. New 1.70% +1.70 RKT Rocket Cos Inc. Class A Add +3281.4% 1.67% +1.60 SNOW Snowflake Inc. New 1.57% +1.57 BABA Alibaba Group Holding-SP ADR New 1.31% +1.31 DT Dynatrace Inc. New 1.30% +1.30 KMI Kinder Morgan Inc. New 1.18% +1.18 WULF Terawulf Inc. New 1.18% +1.18 GOOGL Alphabet Inc. Class A New 1.16% +1.16 APP AppLovin Corp. Class A Add +22.2% 3.97% +1.08 CFLT Confluent Inc. Class A New 1.07% +1.07 NEE Nextera Energy Inc. New 1.06% +1.06 ETR Entergy Corp. New 1.05% +1.05 FSLR First Solar Inc. New 0.99% +0.99 ETSY Etsy Inc. New 0.93% +0.93 EQT Eqt Corp. New 0.91% +0.91 PDD PDD Holdings Inc. New 0.80% +0.80 AMZN Amazon.com Inc. Add +127.8% 3.94% +0.79 SONY Sony Group Corp. - SP ADR New 0.78% +0.78 UWMC Uwm Holdings Corp. New 0.74% +0.74 CLS Celestica Inc. New 0.54% +0.54 WMB Williams Cos Inc. New 0.54% +0.54 OLED Universal Display Corp. New 0.54% +0.54 AMAT Applied Materials Inc. New 0.54% +0.54 AES AES Corp. New 0.53% +0.53 ENTG Entegris Inc. New 0.53% +0.53 NU Nu Holdings Ltd./Cayman Isl-A New 0.52% +0.52 FIGR Figure Technology Solut Class A New 0.52% +0.52 TIC Tic Solutions Inc. New 0.51% +0.51 FLNC Fluence Energy Inc. New 0.49% +0.49 FND Floor & Decor Holdings Inc. Class A New 0.45% +0.45 CCOI Cogent Communications Holdin New 0.36% +0.36 FROG Jfrog Ltd. New 0.36% +0.36 IREN Iren Ltd. New 0.35% +0.35 TBCH Turtle Beach Corp. New 0.28% +0.28 KNX Knight-Swift Transportation New 0.26% +0.26 IMAX Imax Corp. Add +151.8% 0.37% +0.14 CVNA Carvana Co. Add +61.6% 2.99% −0.03 PTON Peloton Interactive Inc. Class A Add +9.6% 0.42% −0.12 CEG Constellation Energy Add +42.9% 2.02% −0.51
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +52.6% 1,339,000 $892.0M TLT iShares 20+ Year Treasury BD call New 3,500,000 $312.8M QQQ Invesco QQQ Trust Series 1 put Add +143.5% 476,000 $285.8M CMG Chipotle Mexican Grill Inc. call Sold out 4,000,700 $224.6Mbefore exit IWM iShares Russell 2000 ETF put Add +11.1% 885,000 $214.1M AMZN Amazon.com Inc. call Add +49.8% 910,000 $199.8M NVDA Nvidia Corp. call Sold out 758,500 $119.8Mbefore exit C Citigroup Inc. put New 965,000 $97.9M AXP American Express Co. put New 255,000 $84.7M AAPL Apple Inc. call New 285,000 $72.6M GOOGL Alphabet Inc. Class A call Sold out 395,000 $69.6Mbefore exit RDDT Reddit Inc. Class A call Sold out 390,000 $58.7Mbefore exit COF Capital One Financial Corp. put New 265,000 $56.3M LVS Las Vegas Sands Corp. call Sold out 1,277,100 $55.6Mbefore exit MSTR Strategy Inc. put New 166,500 $53.6M CVNA Carvana Co. put New 140,900 $53.2M MCD McDonald's Corp. call New 161,000 $48.9M MSFT Microsoft Corp. call Reduce -59.8% 90,000 $46.6M C Citigroup Inc. call Sold out 540,000 $46.0Mbefore exit COIN Coinbase Global Inc. Class A call Sold out 120,400 $42.2Mbefore exit LMND Lemonade Inc. call Sold out 955,500 $41.9Mbefore exit COF Capital One Financial Corp. call Sold out 195,000 $41.5Mbefore exit TLT iShares 20+ Year Treasury BD put New 463,000 $41.4M SOFI Sofi Technologies Inc. put New 1,550,000 $41.0M FDX FedEx Corp. put New 160,000 $37.7M XYZ Block Inc. put New 500,000 $36.1M DDOG Datadog Inc. Class A call Sold out 268,500 $36.1Mbefore exit FSLR First Solar Inc. call New 157,000 $34.6M APP AppLovin Corp. Class A put New 47,100 $33.8M U Unity Software Inc. call Sold out 1,330,500 $32.2Mbefore exit CELH Celsius Holdings Inc. call Sold out 662,000 $30.7Mbefore exit EBAY eBay Inc. put New 333,500 $30.3M WMB Williams Cos Inc. call New 430,000 $27.2M META Meta Platforms Inc. Class A call Reduce -47.8% 33,000 $24.2M NU Nu Holdings Ltd./Cayman Isl-A call New 1,510,000 $24.2M EEM iShares MSCI Emerging Market call Sold out 501,000 $24.2Mbefore exit XLF SS Financial Select Sector call Sold out 435,000 $22.8Mbefore exit DUOL Duolingo call New 69,000 $22.2M V Visa Inc. Class A put Reduce -56.7% 65,000 $22.2M EQT Eqt Corp. call New 386,000 $21.0M RBLX Roblox Corp. Class A put New 150,000 $20.8M TEAM Atlassian Corp. Class A put New 130,000 $20.8M MA Mastercard Inc. Class A put Reduce -68.2% 35,500 $20.2M HOOD Robinhood Markets Inc. Class A call Reduce -61.4% 130,000 $18.6M TSM Taiwan Semiconductor-SP ADR put New 65,000 $18.2M U Unity Software Inc. put New 443,100 $17.7M KKR KKR & Co. Inc. put New 127,500 $16.6M KMI Kinder Morgan Inc. call New 536,500 $15.2M INTU Intuit Inc. put New 22,000 $15.0M XLE SS Energy Select Sector call New 165,800 $14.8M
Showing the first 50 of 61.
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 34 $886.2M EQIX, AMD, STX, VRSN, INTC Q1 2026 39 $702.9M EQIX, AMZN, WMB, ASML, STM Q4 2025 49 $739.8M AMZN, NVDA, FIGR, EPAM, TSM Q3 2025 69 $1.1B BE, AAPL, HPE, APP, AMZN Q2 2025 41 $610.5M RDDT, VST, MSFT, NVDA, CELH Q1 2025 30 $238.5M TLN, WDC, ETR, APP, CVNA Q4 2024 49 $612.0M CRM, AMZN, CHWY, BEKE, SBUX Q3 2024 75 $648.5M AAPL, MCD, SPOT, CEG, W Q2 2024 53 $669.1M AAPL, STX, WDC, SPOT, AMZN Q1 2024 84 $878.2M PINS, AMZN, HUBS, TGT, AAPL