In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Nishkama Capital, LLC reported 49 stock positions worth $739.8 million . Its top holding was Amazon.com (AMZN) at 10.0% of the portfolio, followed by Nvidia (NVDA, 6.2% ) and Figure Technology Solut Class A (FIGR, 4.2% ). Compared with Q3 2025, it opened 22 new positions, sold out of 42, added to 17 and reduced 10. The biggest buy was Amazon.com (AMZN, shares +60% ) and the biggest sale an exit from Apple (AAPL).
Location DORADO, PR
CIK 0001633799
Portfolio Value $739.8M (Q4 2025) Holdings 49 stocks · $739.8M 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 Q3 2025 AMZN Amazon.com Inc. 321,029 $74.1M Add +60.4% NVDA Nvidia Corp. 246,834 $46.0M Add +58.3% FIGR Figure Technology Solut Class A 755,620 $30.9M Add +377.5% EPAM Epam Systems Inc. 138,806 $28.4M New TSM Taiwan Semiconductor-SP ADR 91,740 $27.9M New FISV Fiserv Inc. 412,619 $27.7M New ENTG Entegris Inc. 320,681 $27.0M Add +406.1% APP AppLovin Corp. Class A 36,068 $24.3M Reduce -41.5% BABA Alibaba Group Holding-SP ADR 153,870 $22.6M Add +88.7% FSLR First Solar Inc. 83,150 $21.7M Add +65.5% UPST Upstart Holdings Inc. 487,060 $21.3M New BE Bloom Energy Corp. Class A 242,332 $21.1M Reduce -75.0% GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 557,312 $19.5M Reduce -23.1% WMB Williams Cos Inc. 311,295 $18.7M Add +224.8% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 1,112,406 $18.6M Add +204.3% Z Zillow Group Inc. Class C 266,218 $18.2M Add +0.3% CVNA Carvana Co. 39,833 $16.8M Reduce -54.9% NFLX Netflix Inc. 163,000 $15.3M New SE Sea Ltd.-ADR 104,000 $13.3M New COHR Coherent Corp. 67,976 $12.5M New XYZ Block Inc. 187,590 $12.2M New RKT Rocket Cos Inc. Class A 629,393 $12.2M Reduce -34.4% EQT Eqt Corp. 227,062 $12.2M Add +22.2% RDDT Reddit Inc. Class A 52,803 $12.1M Reduce -17.6% SHOP Shopify Inc. Class A 74,808 $12.0M New U Unity Software Inc. 270,770 $12.0M Reduce -39.5% WULF Terawulf Inc. 1,019,138 $11.7M Reduce -11.2% WRBY Warby Parker Inc. Class A 481,094 $10.5M Add +351.6% TXN Texas Instruments Inc. 56,396 $9.8M New HUT Hut 8 Corp. 205,722 $9.5M Reduce -74.5% MU Micron Technology Inc. 32,600 $9.3M New SHLS Shoals Technologies Group -A 1,086,479 $9.2M New LBRT Liberty Energy Inc. 494,991 $9.1M New TWLO Twilio Inc. Class A 64,116 $9.1M New GRAB Grab Holdings Ltd. Class A 1,782,744 $8.9M New TIC Tic Solutions Inc. 835,935 $8.5M Add +95.1% UWMC Uwm Holdings Corp. 1,700,450 $7.4M Add +24.9% CRM Salesforce Inc. 26,780 $7.1M New CLS Celestica Inc. 21,387 $6.3M Reduce -13.3% FND Floor & Decor Holdings Inc. Class A 100,439 $6.1M Add +47.0% NXT Nextpower Inc. 68,404 $6.0M New ENVX Enovix Corp. 814,846 $6.0M Add +171.8% IMAX Imax Corp. 161,132 $6.0M Add +28.0% GLOB Globant SA 89,115 $5.8M New STX Seagate Technology Holdings 15,400 $4.2M New CCOI Cogent Communications Holdin 179,661 $3.9M Add +70.0% ICHR Ichor Holdings Ltd. 165,625 $3.1M New DTM DT Midstream Inc. 25,165 $3.0M New FOUR SHIFT4 Payments Inc. Class A 12,766 $804K New
Options reported separately and not counted above: SPY puts ($696.4M), IWM puts ($328.9M), QQQ puts ($280.7M), NVDA calls ($107.4M), GLD puts ($97.1M), MSFT calls ($56.9M), AMZN calls ($51.0M), TLT puts ($42.7M), BABA calls ($40.3M), APP puts ($24.3M), SLV puts ($23.2M), CLS puts ($6.3M).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ AAPL Apple Inc. Sold out 0.00% −6.11 HPE Hewlett Packard Enterprise Sold out 0.00% −4.92 BE Bloom Energy Corp. Class A Reduce -75.0% 2.85% −4.50 MSFT Microsoft Corp. Sold out 0.00% −3.58 RBLX Roblox Corp. Class A Sold out 0.00% −2.84 DUOL Duolingo Sold out 0.00% −2.82 MCD McDonald's Corp. Sold out 0.00% −2.69 WIX Wix.com Ltd. Sold out 0.00% −2.61 SPOT Spotify Technology SA Sold out 0.00% −2.52 CEG Constellation Energy Sold out 0.00% −2.02 CELH Celsius Holdings Inc. Sold out 0.00% −1.77 MDB Mongodb Inc. Sold out 0.00% −1.70 SNOW Snowflake Inc. Sold out 0.00% −1.57 CHWY Chewy Inc. Class A Sold out 0.00% −1.57 VST Vistra Corp. Sold out 0.00% −1.56 ESTC Elastic NV Sold out 0.00% −1.35 DT Dynatrace Inc. Sold out 0.00% −1.30 HUT Hut 8 Corp. Reduce -74.5% 1.28% −1.25 KMI Kinder Morgan Inc. Sold out 0.00% −1.18 GOOGL Alphabet Inc. Class A Sold out 0.00% −1.16 CFLT Confluent Inc. Class A Sold out 0.00% −1.07 NEE Nextera Energy Inc. Sold out 0.00% −1.06 ETR Entergy Corp. Sold out 0.00% −1.05 ETSY Etsy Inc. Sold out 0.00% −0.93 BEKE Ke Holdings Inc.-ADR Sold out 0.00% −0.83 PDD PDD Holdings Inc. Sold out 0.00% −0.80 SONY Sony Group Corp. - SP ADR Sold out 0.00% −0.78 CVNA Carvana Co. Reduce -54.9% 2.27% −0.71 META Meta Platforms Inc. Class A Sold out 0.00% −0.71 APP AppLovin Corp. Class A Reduce -41.5% 3.29% −0.69 CART Maplebear Inc. Sold out 0.00% −0.65 HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.56 OLED Universal Display Corp. Sold out 0.00% −0.54 AMAT Applied Materials Inc. Sold out 0.00% −0.54 PRIM Primoris Services Corp. Sold out 0.00% −0.54 AES AES Corp. Sold out 0.00% −0.53 FIVN FIVE9 Inc. Sold out 0.00% −0.52 TLN Talen Energy Corp. Sold out 0.00% −0.50 FLNC Fluence Energy Inc. Sold out 0.00% −0.49 PTON Peloton Interactive Inc. Class A Sold out 0.00% −0.42 FROG Jfrog Ltd. Sold out 0.00% −0.36 IREN Iren Ltd. Sold out 0.00% −0.35 LITE Lumentum Holdings Inc. Sold out 0.00% −0.35 TBCH Turtle Beach Corp. Sold out 0.00% −0.28 TSEM Tower Semiconductor Ltd. Sold out 0.00% −0.27 KNX Knight-Swift Transportation Sold out 0.00% −0.26 RKT Rocket Cos Inc. Class A Reduce -34.4% 1.65% −0.02 U Unity Software Inc. Reduce -39.5% 1.62% +0.01 GDS GDS Holdings Ltd. - ADR Reduce -23.1% 2.63% +0.11 CLS Celestica Inc. Reduce -13.3% 0.85% +0.31
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ AMZN Amazon.com Inc. Add +60.4% 10.02% +6.07 EPAM Epam Systems Inc. New 3.84% +3.84 TSM Taiwan Semiconductor-SP ADR New 3.77% +3.77 FISV Fiserv Inc. New 3.75% +3.75 FIGR Figure Technology Solut Class A Add +377.5% 4.17% +3.66 NVDA Nvidia Corp. Add +58.3% 6.22% +3.61 ENTG Entegris Inc. Add +406.1% 3.65% +3.13 UPST Upstart Holdings Inc. New 2.88% +2.88 NFLX Netflix Inc. New 2.07% +2.07 NU Nu Holdings Ltd./Cayman Isl-A Add +204.3% 2.52% +1.99 WMB Williams Cos Inc. Add +224.8% 2.53% +1.98 FSLR First Solar Inc. Add +65.5% 2.94% +1.94 SE Sea Ltd.-ADR New 1.79% +1.79 BABA Alibaba Group Holding-SP ADR Add +88.7% 3.05% +1.74 COHR Coherent Corp. New 1.70% +1.70 XYZ Block Inc. New 1.65% +1.65 SHOP Shopify Inc. Class A New 1.63% +1.63 TXN Texas Instruments Inc. New 1.32% +1.32 MU Micron Technology Inc. New 1.26% +1.26 SHLS Shoals Technologies Group -A New 1.25% +1.25 LBRT Liberty Energy Inc. New 1.24% +1.24 TWLO Twilio Inc. Class A New 1.23% +1.23 GRAB Grab Holdings Ltd. Class A New 1.20% +1.20 WRBY Warby Parker Inc. Class A Add +351.6% 1.42% +1.15 CRM Salesforce Inc. New 0.96% +0.96 NXT Nextpower Inc. New 0.81% +0.81 GLOB Globant SA New 0.79% +0.79 EQT Eqt Corp. Add +22.2% 1.65% +0.74 TIC Tic Solutions Inc. Add +95.1% 1.14% +0.63 Z Zillow Group Inc. Class C Add +0.3% 2.46% +0.62 STX Seagate Technology Holdings New 0.57% +0.57 ENVX Enovix Corp. Add +171.8% 0.81% +0.54 IMAX Imax Corp. Add +28.0% 0.81% +0.44 ICHR Ichor Holdings Ltd. New 0.41% +0.41 DTM DT Midstream Inc. New 0.41% +0.41 FND Floor & Decor Holdings Inc. Class A Add +47.0% 0.83% +0.38 UWMC Uwm Holdings Corp. Add +24.9% 1.01% +0.26 CCOI Cogent Communications Holdin Add +70.0% 0.52% +0.16 FOUR SHIFT4 Payments Inc. Class A New 0.11% +0.11
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -23.7% 1,021,200 $696.4M IWM iShares Russell 2000 ETF put Add +51.0% 1,336,000 $328.9M TLT iShares 20+ Year Treasury BD call Sold out 3,500,000 $312.8Mbefore exit QQQ Invesco QQQ Trust Series 1 put Reduce -4.0% 457,000 $280.7M NVDA Nvidia Corp. call New 576,000 $107.4M C Citigroup Inc. put Sold out 965,000 $97.9Mbefore exit GLD SPDR Gold Shares put New 245,000 $97.1M AXP American Express Co. put Sold out 255,000 $84.7Mbefore exit AAPL Apple Inc. call Sold out 285,000 $72.6Mbefore exit MSFT Microsoft Corp. call Add +30.8% 117,700 $56.9M COF Capital One Financial Corp. put Sold out 265,000 $56.3Mbefore exit MSTR Strategy Inc. put Sold out 166,500 $53.6Mbefore exit CVNA Carvana Co. put Sold out 140,900 $53.2Mbefore exit AMZN Amazon.com Inc. call Reduce -75.7% 221,000 $51.0M MCD McDonald's Corp. call Sold out 161,000 $48.9Mbefore exit TLT iShares 20+ Year Treasury BD put Add +5.8% 490,000 $42.7M SOFI Sofi Technologies Inc. put Sold out 1,550,000 $41.0Mbefore exit BABA Alibaba Group Holding-SP ADR call New 275,000 $40.3M FDX FedEx Corp. put Sold out 160,000 $37.7Mbefore exit XYZ Block Inc. put Sold out 500,000 $36.1Mbefore exit FSLR First Solar Inc. call Sold out 157,000 $34.6Mbefore exit EBAY eBay Inc. put Sold out 333,500 $30.3Mbefore exit WMB Williams Cos Inc. call Sold out 430,000 $27.2Mbefore exit APP AppLovin Corp. Class A put Reduce -23.6% 36,000 $24.3M META Meta Platforms Inc. Class A call Sold out 33,000 $24.2Mbefore exit NU Nu Holdings Ltd./Cayman Isl-A call Sold out 1,510,000 $24.2Mbefore exit SLV iShares Silver Trust put New 360,000 $23.2M DUOL Duolingo call Sold out 69,000 $22.2Mbefore exit V Visa Inc. Class A put Sold out 65,000 $22.2Mbefore exit EQT Eqt Corp. call Sold out 386,000 $21.0Mbefore exit RBLX Roblox Corp. Class A put Sold out 150,000 $20.8Mbefore exit TEAM Atlassian Corp. Class A put Sold out 130,000 $20.8Mbefore exit MA Mastercard Inc. Class A put Sold out 35,500 $20.2Mbefore exit HOOD Robinhood Markets Inc. Class A call Sold out 130,000 $18.6Mbefore exit TSM Taiwan Semiconductor-SP ADR put Sold out 65,000 $18.2Mbefore exit U Unity Software Inc. put Sold out 443,100 $17.7Mbefore exit KKR KKR & Co. Inc. put Sold out 127,500 $16.6Mbefore exit KMI Kinder Morgan Inc. call Sold out 536,500 $15.2Mbefore exit INTU Intuit Inc. put Sold out 22,000 $15.0Mbefore exit XLE SS Energy Select Sector call Sold out 331,600 $14.8Mbefore exit WDAY Workday Inc. Class A put Sold out 60,000 $14.4Mbefore exit DVN Devon Energy Corp. call Sold out 400,000 $14.0Mbefore exit BBY Best Buy Co. Inc. call Sold out 184,000 $13.9Mbefore exit NOW ServiceNow Inc. put Sold out 72,500 $13.3Mbefore exit NVDA Nvidia Corp. put Sold out 68,500 $12.8Mbefore exit SYF Synchrony Financial put Sold out 160,000 $11.4Mbefore exit NBIS Nebius Group NV call Sold out 93,000 $10.4Mbefore exit CLS Celestica Inc. put New 21,300 $6.3M FIGR Figure Technology Solut Class A put Sold out 80,000 $2.9Mbefore exit
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