Palogic Value Management, L.P.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed March 12, 2025), Palogic Value Management, L.P. reported 161 stock positions worth $246.2 million. Its top holding was Apple (AAPL) at 4.6% of the portfolio, followed by Broadcom (AVGO, 3.8%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 3.7%). Compared with Q2 2024, it opened 11 new positions, sold out of 9, added to 54 and reduced 40. The biggest buy was a new position in Southland (SLND) and the biggest sale an exit from Western Alliance Bancorp (WAL).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001532943
Portfolio Value
$246.2M (Q3 2024)
SEC Filing
0001214659-25-004237 ↗ filed Mar 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $230.9M Q1 2024 Q2 2024: $235.7M Q2 2024 Q3 2024: $246.2M $246.2M Q3 2024 Q4 2024: $244.9M Q4 2024 Q1 2025: $222.5M Q1 2025 Q2 2025: $232.8M Q2 2025 Q3 2025: $233.1M Q3 2025 Q4 2025: $231.6M Q4 2025 Q1 2026: $224.6M Q1 2026 Q2 2026: $278.1M Q2 2026

Holdings 161 stocks · $246.2M
AAPL Apple Inc. 4.64% 49,036 $11.4M Reduce -2.3%
AVGO Broadcom Inc. 3.83% 54,730 $9.4M Reduce -0.5%
BIL SS SPDR BB 1-3M T-Bill ETF 3.73% 100,098 $9.2M No change
MSFT Microsoft Corp. 2.93% 16,740 $7.2M Reduce -1.5%
GOOG Alphabet Inc. Class C 2.50% 36,772 $6.1M Reduce -0.8%
XOM Exxon Mobil Corp. 2.30% 48,298 $5.7M Reduce -0.3%
SLND Southland Holdings Inc. 2.09% 1,371,903 $5.1M New
BHP BHP Group Ltd.-Spon ADR 2.07% 82,100 $5.1M Add +0.4%
SRLN SS Blackstone Sr Loan ETF 2.01% 118,537 $4.9M Add +16.3%
VERX Vertex Inc. Class A 1.96% 125,000 $4.8M No change
LPRO Open Lending Corp. 1.80% 725,000 $4.4M Add +31.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1.73% 53,103 $4.3M Add +7.3%
VRRM Verra Mobility Corp. 1.69% 150,000 $4.2M No change
SHEL Shell PLC-ADR 1.62% 60,482 $4.0M Reduce -3.4%
ABBV Abbvie Inc. 1.54% 19,200 $3.8M No change
IVAC Intevac Inc. 1.46% 1,053,924 $3.6M Add +11.7%
CNNE Cannae Holdings Inc. 1.43% 185,000 $3.5M Reduce -13.9%
BAND Bandwidth Inc. Class A 1.42% 200,000 $3.5M Add +14.3%
ZUO Zuora Inc. Class A 1.40% 399,983 $3.4M No change
OLO Olo Inc. Class A 1.39% 691,303 $3.4M Add +5.1%
AMZN Amazon.com Inc. 1.36% 17,925 $3.3M No change
IIIV I3 Verticals Inc. Class A 1.30% 149,789 $3.2M No change
HUCK Huckleberry AI Inc. filed as DOMO INC 1.28% 420,000 $3.2M No change
FLYW Flywire Corp.-Voting 1.20% 180,000 $3.0M Add +20.0%
CMCO Columbus McKinnon Corp. 1.19% 81,585 $2.9M Reduce -15.5%
EB Eventbrite Inc. Class A 1.16% 1,050,000 $2.9M Add +73.5%
ALIT Alight Inc. Class A 1.11% 370,000 $2.7M Add +23.3%
VCLT Vanguard Long-Term Corp. Bond 1.02% 31,034 $2.5M Add +0.6%
AESI Atlas Energy Solutions Inc. 0.97% 110,000 $2.4M Add +37.5%
AMGN Amgen Inc. 0.94% 7,203 $2.3M Add +0.7%
PEB Pebblebrook Hotel Trust 0.94% 174,000 $2.3M Add +12.3%
TAP Molson Coors Beverage Co. Class B 0.90% 38,567 $2.2M Add +2.0%
NPO Enpro Inc. 0.89% 13,500 $2.2M No change
ARCC Ares Capital Corp. 0.85% 99,595 $2.1M Add +3.2%
NVG Nuveen Amt-FR Muni CRDT 0.84% 154,950 $2.1M Add +0.5%
LSPD Lightspeed Commerce Inc. 0.84% 125,000 $2.1M Reduce -10.7%
NAD Nuveen Quality Municipal Inc. 0.83% 164,416 $2.0M Add +8.2%
ONTF ON24 Inc. 0.82% 331,800 $2.0M Reduce -18.1%
TRIP Tripadvisor Inc. 0.82% 140,000 $2.0M New
BC Brunswick Corp. 0.82% 24,087 $2.0M Add +1.0%
PG The Procter & Gamble Co. 0.81% 11,570 $2.0M No change
KVHI KVH Industries Inc. 0.78% 399,500 $1.9M Add +16.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.78% 48,575 $1.9M Add +0.9%
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.75% 154,193 $1.8M Add +22.4%
NFE New Fortress Energy Inc. 0.74% 200,000 $1.8M Add +33.3%
EXFY Expensify Inc. Class A 0.70% 875,000 $1.7M Reduce -41.7%
ADBE Adobe Inc. 0.69% 3,291 $1.7M Reduce -15.7%
BMY Bristol-Myers Squibb Co. 0.67% 31,654 $1.6M Add +1.4%
OBDC Blue Owl Capital Corp. 0.65% 108,983 $1.6M Add +4.8%
PCOR Procore Technologies Inc. 0.63% 25,000 $1.5M New
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP 0.60% 135,000 $1.5M Reduce -15.6%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.59% 43,900 $1.5M No change
JPM JPMorgan Chase & Co. 0.58% 6,824 $1.4M No change
CTRA Coterra Energy Inc. 0.58% 60,000 $1.4M New
ICVT iShares Convertible Bond ETF 0.58% 17,084 $1.4M Add +0.1%
SPG Simon Property Group Inc. 0.56% 8,133 $1.4M Add +1.2%
DHI D.R. Horton Inc. 0.55% 7,106 $1.4M Add +1.3%
MQ Marqeta Inc. 0.55% 275,000 $1.4M Reduce -15.4%
SAP Sap SE-Sponsored ADR 0.55% 5,864 $1.3M Reduce -3.0%
TREX Trex Company Inc. 0.54% 20,000 $1.3M New
GPN Global Payments Inc. 0.54% 12,905 $1.3M Add +63.3%
LADR Ladder Capital Corp.-REIT 0.54% 113,868 $1.3M Add +0.3%
ABR Arbor Realty Trust Inc. 0.53% 83,623 $1.3M Add +1.7%
FNF Fidelity National Financial 0.52% 20,762 $1.3M Add +1.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.52% 30,331 $1.3M Add +1.3%
LZ Legalzoomcom Inc. 0.52% 200,000 $1.3M New
PDO PIMCO Dynamic Income Opport 0.51% 88,778 $1.3M Add +5.4%
PSEC Prospect Capital Corp. 0.51% 232,894 $1.2M Add +4.2%
SCWX Secureworks Corp. Class A 0.49% 135,000 $1.2M Reduce -41.5%
CSCO Cisco Systems Inc. 0.47% 21,873 $1.2M Reduce -3.3%
NMZ Nuveen Muni Hi Inc. Opport 0.47% 98,500 $1.1M Add +2.1%
VMEO Vimeo Inc. 0.46% 225,000 $1.1M Reduce -52.6%
FDUS Fidus Investment Corp. 0.45% 57,018 $1.1M Add +1.3%
SAR Saratoga Investment Corp. 0.44% 46,680 $1.1M Reduce -2.1%
OKE Oneok Inc. 0.44% 11,800 $1.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.42% 1,811 $1.0M Add +0.1%
FCX Freeport-McMoran Inc. 0.41% 19,985 $998K Add +2.0%
VZ Verizon Communications Inc. 0.40% 22,090 $992K No change
CMBS iShares CMBS ETF 0.40% 20,289 $992K Add +38.6%
ASUR Asure Software Inc. 0.40% 107,500 $973K Reduce -44.5%
ARI Apollo Commercial Real Estat 0.38% 100,621 $925K Add +3.2%
SBUX Starbucks Corp. 0.33% 8,399 $819K Add +8.4%
JPC Nuveen Prefered & Income Opp 0.33% 101,305 $818K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.33% 8,480 $816K Add +4.3%
HON Honeywell International Inc. 0.33% 3,944 $815K Add +2.0%
HD Home Depot Inc. 0.33% 2,012 $815K Add +1.8%
LYB Lyondellbasell Indu Class A 0.33% 8,500 $815K Reduce -2.3%
NEE Nextera Energy Inc. 0.32% 9,347 $790K Add +4.0%
TXN Texas Instruments Inc. 0.32% 3,785 $782K Add +2.2%
PANW Palo Alto Networks Inc. 0.31% 2,250 $769K No change
ESTC Elastic NV 0.31% 10,000 $768K New
STWD Starwood Property Trust Inc. 0.29% 35,472 $723K Add +1.6%
V Visa Inc. Class A 0.29% 2,617 $720K No change
VBTX Veritex Holdings Inc. 0.29% 27,000 $711K No change
CSQ Calamos Strat TTL RTRN FND 0.28% 40,000 $694K Reduce -21.6%
UNP Union Pacific Corp. 0.28% 2,781 $685K Add +2.3%
AXP American Express Co. 0.28% 2,506 $680K No change
PFF iShares Preferred & Income S 0.27% 20,040 $666K No change
KHC The Kraft Heinz Co. 0.27% 18,879 $663K Add +7.8%
EAF Graftech International Ltd. 0.27% 500,000 $660K Reduce -2.5%
GPMT Granite Point Mortgage Trust 0.26% 205,392 $651K No change
DUK Duke Energy Corp. 0.26% 5,537 $638K No change
CPRT Copart Inc. 0.26% 12,000 $629K No change
EOG EOG Resources Inc. 0.23% 4,595 $565K Reduce -0.9%
NZF Nuveen Municipal Credit Inc. 0.21% 39,860 $522K Add +2.6%
RITM Rithm Capital Corp. 0.21% 45,500 $516K No change
LIVEPERSON INC 0.21% 400,000 $512K Reduce -22.1%
BDJ BlackRock Enhanced Eqty DVD 0.20% 57,000 $493K Reduce -3.4%
MRK Merck & Co. Inc. 0.20% 4,250 $483K No change
VRSK Verisk Analytics Inc. 0.19% 1,719 $461K Reduce -1.9%
ETG Eaton Vance T/A GL DVD Incm 0.19% 23,500 $457K No change
DMB BNY Mellon Muni BND Infra 0.18% 40,250 $449K No change
DFP Flaherty & Crumrine DYN Pref 0.18% 20,500 $441K No change
GOOGL Alphabet Inc. Class A 0.18% 2,625 $435K No change
MHD BlackRock Muniholdings Fund 0.17% 33,394 $422K No change
XBTAX BlackRock LNG-TRM Muni Adv 0.16% 37,000 $397K No change
BTZ BlackRock Credit Allocation 0.15% 33,113 $374K No change
CAT Caterpillar Inc. 0.15% 942 $368K Reduce -1.7%
SYK Stryker Corp. 0.15% 1,007 $364K Reduce -2.3%
TYL Tyler Technologies Inc. 0.15% 615 $359K Reduce -2.2%
RF Regions Financial Corp. 0.14% 15,000 $350K No change
ORCL Oracle Corp. 0.14% 2,000 $341K No change
ZBRA Zebra Technologies Corp. Class A 0.14% 915 $339K Reduce -1.8%
SMAR Smartsheet Inc. Class A 0.14% 6,037 $334K Reduce -2.8%
FISV Fiserv Inc. 0.13% 1,828 $328K Reduce -3.0%
DOCU Docusign Inc. 0.13% 5,252 $326K Reduce -0.7%
EXP Eagle Materials Inc. 0.13% 1,100 $316K No change
EFX Equifax Inc. 0.13% 1,054 $310K Reduce -2.7%
PDI PIMCO Dynamic Income Fund 0.12% 15,009 $304K No change
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.12% 21,871 $300K No change
MQY BlackRock Muniyield Quality 0.12% 22,748 $298K No change
CMG Chipotle Mexican Grill Inc. 0.12% 5,000 $288K No change
DLB Dolby Laboratories Inc. Class A 0.11% 3,653 $280K New
CZR Caesars Entertainment Inc. 0.11% 6,659 $278K Add +7.0%
JNJ Johnson & Johnson 0.11% 1,679 $272K No change
XLK SS Technology Select Sector 0.11% 1,190 $269K No change
FIS Fidelity National Info Serv 0.11% 3,167 $265K Reduce -1.2%
DD Dupont DE Nemours Inc. 0.11% 2,963 $264K No change
PFE Pfizer Inc. 0.10% 8,825 $255K No change
LVS Las Vegas Sands Corp. 0.10% 5,000 $252K Reduce -5.7%
DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD 0.10% 39,274 $245K No change
QTEC First Trust Nasdq 100 Tech I 0.10% 1,277 $244K Reduce -5.4%
BP BP PLC-Spons ADR 0.10% 7,779 $244K No change
MA Mastercard Inc. Class A 0.09% 471 $233K Reduce -2.7%
NBB Nuveen Taxable Municipal Inc. 0.09% 14,000 $233K No change
XPMFX PIMCO Municipal Income Fund 0.09% 22,000 $227K Add +10.0%
NSC Norfolk Southern Corp. 0.09% 900 $224K New
PLD Prologis Inc. 0.09% 1,769 $223K Reduce -2.8%
SPOT Spotify Technology SA 0.09% 600 $221K New
PML PIMCO Municipal Income FD II 0.09% 22,600 $212K Add +9.7%
BFK BlackRock Municipal Inc. TRST 0.09% 20,000 $211K No change
HCA HCA Healthcare Inc. 0.08% 500 $203K New
MUE BlackRock Munihold QLT FD II 0.08% 19,000 $203K No change
BBN BlackRock Taxable Muni BND 0.08% 10,500 $187K No change
BLE BlackRock Muni Inc. TR II 0.07% 15,000 $169K No change
XMVFX BlackRock Munivest Fund 0.06% 20,000 $152K No change
DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC 0.06% 20,000 $146K No change
CHI Calamos Convert Opport & Inc. 0.06% 12,000 $140K No change
XPMQX PIMCO Muni Income Fund III 0.05% 15,250 $126K No change
CHW Calamos Global Dynamic Incom 0.03% 11,000 $79K No change
23ANDME HOLDING CO 0.02% 120,000 $42K No change

Options reported separately and not counted above: SPY puts ($32.9M), HUCK calls ($2.3M), NFE calls ($1.6M), STRL calls ($1.1M), MPT calls ($1.0M), HSY calls ($754K), VNO calls ($690K), MAC calls ($547K), TPC calls ($543K), MSTR calls ($506K), CORZ calls ($474K), CBRL calls ($454K), and 2 more.

Other holdings (4): bonds, preferreds, convertibles and warrants · $4.5M (not counted above)
SecurityClassShares / PrincipalValueChange
LIVEPERSON INC (LPSN 0 12/15/26) NOTE 12/1 · principal 7,293,000$3.7MNo change
BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) 5.5 CUM CV PFD B 47,808$693KAdd +54.7%
JOBY.WS Joby Aviation Inc. -CW25 *W EXP 08/10/202 174,713$110KNew
ACHR.WS Archer Aviation Inc. -CW26 *W EXP 09/16/202 165,000$59KReduce -49.2%

Total filed on the 13F, all lines: $250.7M.

Portfolio Sells Q2 2024 → Q3 2024
WAL Western Alliance Bancorp Sold out 0.00% −0.80
TWLO Twilio Inc. Class A Sold out 0.00% −0.72
YEXT Yext Inc. Sold out 0.00% −0.57
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.56
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.56
TDC Teradata Corp. Sold out 0.00% −0.51
BCOV Brightcove Sold out 0.00% −0.49
CALY Callaway Golf Company Reduce -15.6% 0.60% −0.44
GOOG Alphabet Inc. Class C Reduce -0.8% 2.50% −0.39
VCSA Vacasa Inc. Class A Sold out 0.00% −0.34
SHEL Shell PLC-ADR Reduce -3.4% 1.62% −0.30
MSFT Microsoft Corp. Reduce -1.5% 2.93% −0.30
ASUR Asure Software Inc. Reduce -44.5% 0.40% −0.29
VMEO Vimeo Inc. Reduce -52.6% 0.46% −0.29
EXFY Expensify Inc. Class A Reduce -41.7% 0.70% −0.25
ADBE Adobe Inc. Reduce -15.7% 0.69% −0.23
CNNE Cannae Holdings Inc. Reduce -13.9% 1.43% −0.22
CMCO Columbus McKinnon Corp. Reduce -15.5% 1.19% −0.22
ONTF ON24 Inc. Reduce -18.1% 0.82% −0.21
MQ Marqeta Inc. Reduce -15.4% 0.55% −0.21
SCWX Secureworks Corp. Class A Reduce -41.5% 0.49% −0.20
RKT Rocket Cos Inc. Class A Sold out 0.00% −0.15
CSQ Calamos Strat TTL RTRN FND Reduce -21.6% 0.28% −0.08
XOM Exxon Mobil Corp. Reduce -0.3% 2.30% −0.07
LYB Lyondellbasell Indu Class A Reduce -2.3% 0.33% −0.02
SAR Saratoga Investment Corp. Reduce -2.1% 0.44% −0.02
EOG EOG Resources Inc. Reduce -0.9% 0.23% −0.02
QTEC First Trust Nasdq 100 Tech I Reduce -5.4% 0.10% −0.01
VRSK Verisk Analytics Inc. Reduce -1.9% 0.19% −0.01
BDJ BlackRock Enhanced Eqty DVD Reduce -3.4% 0.20% −0.00
SYK Stryker Corp. Reduce -2.3% 0.15% −0.00
LVS Las Vegas Sands Corp. Reduce -5.7% 0.10% +0.00
MA Mastercard Inc. Class A Reduce -2.7% 0.09% +0.00
PLD Prologis Inc. Reduce -2.8% 0.09% +0.00
FIS Fidelity National Info Serv Reduce -1.2% 0.11% +0.01
TYL Tyler Technologies Inc. Reduce -2.2% 0.15% +0.01
DOCU Docusign Inc. Reduce -0.7% 0.13% +0.01
CAT Caterpillar Inc. Reduce -1.7% 0.15% +0.01
FISV Fiserv Inc. Reduce -3.0% 0.13% +0.01
EFX Equifax Inc. Reduce -2.7% 0.13% +0.01
ZBRA Zebra Technologies Corp. Class A Reduce -1.8% 0.14% +0.02
CSCO Cisco Systems Inc. Reduce -3.3% 0.47% +0.02
SMAR Smartsheet Inc. Class A Reduce -2.8% 0.14% +0.02
LSPD Lightspeed Commerce Inc. Reduce -10.7% 0.84% +0.02
SAP Sap SE-Sponsored ADR Reduce -3.0% 0.55% +0.03
EAF Graftech International Ltd. Reduce -2.5% 0.27% +0.06
LIVEPERSON INC Reduce -22.1% 0.21% +0.08
AVGO Broadcom Inc. Reduce -0.5% 3.83% +0.09
AAPL Apple Inc. Reduce -2.3% 4.64% +0.15

Portfolio Buys Q2 2024 → Q3 2024
SLND Southland Holdings Inc. New 2.09% +2.09
TRIP Tripadvisor Inc. New 0.82% +0.82
PCOR Procore Technologies Inc. New 0.63% +0.63
CTRA Coterra Energy Inc. New 0.58% +0.58
TREX Trex Company Inc. New 0.54% +0.54
LZ Legalzoomcom Inc. New 0.52% +0.52
LPRO Open Lending Corp. Add +31.5% 1.80% +0.50
ESTC Elastic NV New 0.31% +0.31
AESI Atlas Energy Solutions Inc. Add +37.5% 0.97% +0.30
GPN Global Payments Inc. Add +63.3% 0.54% +0.21
SRLN SS Blackstone Sr Loan ETF Add +16.3% 2.01% +0.20
ALIT Alight Inc. Class A Add +23.3% 1.11% +0.17
BAND Bandwidth Inc. Class A Add +14.3% 1.42% +0.17
OLO Olo Inc. Class A Add +5.1% 1.39% +0.16
FLYW Flywire Corp.-Voting Add +20.0% 1.20% +0.16
XNEAX Nuveen Amt-FR QLTY Muni Inc. Add +22.4% 0.75% +0.14
DHI D.R. Horton Inc. Add +1.3% 0.55% +0.13
BMY Bristol-Myers Squibb Co. Add +1.4% 0.67% +0.12
DLB Dolby Laboratories Inc. Class A New 0.11% +0.11
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +7.3% 1.73% +0.11
CMBS iShares CMBS ETF Add +38.6% 0.40% +0.11
KVHI KVH Industries Inc. Add +16.0% 0.78% +0.10
FNF Fidelity National Financial Add +1.4% 0.52% +0.09
NSC Norfolk Southern Corp. New 0.09% +0.09
BHP BHP Group Ltd.-Spon ADR Add +0.4% 2.07% +0.09
SPOT Spotify Technology SA New 0.09% +0.09
TAP Molson Coors Beverage Co. Class B Add +2.0% 0.90% +0.09
BC Brunswick Corp. Add +1.0% 0.82% +0.08
HCA HCA Healthcare Inc. New 0.08% +0.08
SBUX Starbucks Corp. Add +8.4% 0.33% +0.08
NAD Nuveen Quality Municipal Inc. Add +8.2% 0.83% +0.07
NEE Nextera Energy Inc. Add +4.0% 0.32% +0.05
HD Home Depot Inc. Add +1.8% 0.33% +0.04
SPG Simon Property Group Inc. Add +1.2% 0.56% +0.04
PDO PIMCO Dynamic Income Opport Add +5.4% 0.51% +0.03
VCLT Vanguard Long-Term Corp. Bond Add +0.6% 1.02% +0.03
PEB Pebblebrook Hotel Trust Add +12.3% 0.94% +0.03
KHC The Kraft Heinz Co. Add +7.8% 0.27% +0.03
ABR Arbor Realty Trust Inc. Add +1.7% 0.53% +0.03
NVG Nuveen Amt-FR Muni CRDT Add +0.5% 0.84% +0.03
NMZ Nuveen Muni Hi Inc. Opport Add +2.1% 0.47% +0.02
UNP Union Pacific Corp. Add +2.3% 0.28% +0.02
XPMFX PIMCO Municipal Income Fund Add +10.0% 0.09% +0.01
STWD Starwood Property Trust Inc. Add +1.6% 0.29% +0.01
TXN Texas Instruments Inc. Add +2.2% 0.32% +0.01
PML PIMCO Municipal Income FD II Add +9.7% 0.09% +0.01
ICVT iShares Convertible Bond ETF Add +0.1% 0.58% +0.01
NZF Nuveen Municipal Credit Inc. Add +2.6% 0.21% +0.01
CZR Caesars Entertainment Inc. Add +7.0% 0.11% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.1% 0.42% +0.00

Options Activity Q2 2024 → Q3 2024
SPY SS SPDR S&P 500 ETF Trust-US put New 57,500 $32.9M
HUCK Huckleberry AI Inc. call New 300,000 $2.3M
NFE New Fortress Energy Inc. call New 172,500 $1.6M
STRL Sterling Infrastructure Inc. call New 7,500 $1.1M
MPT Medical Properties Trust Inc. call New 175,000 $1.0M
HSY The Hershey Co. call New 4,000 $754K
VNO Vornado Realty Trust call New 17,500 $690K
MAC The Macerich Co. call New 30,000 $547K
TPC Tutor Perini Corp. call New 20,000 $543K
MSTR Strategy Inc. call New 3,000 $506K
CORZ Core Scientific Inc. call New 40,000 $474K
CBRL Cracker Barrel Old Country call New 10,000 $454K
LUMN Lumen Technologies Inc. call New 50,000 $355K
COOK Traeger Inc. call New 38,500 $142K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2024 → Q3 2024
BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) 5.5 CUM CV PFD B Add +54.7% 47,808 $693K
JOBY.WS Joby Aviation Inc. -CW25 *W EXP 08/10/202 New 174,713 $110K
ACHR.WS Archer Aviation Inc. -CW26 *W EXP 09/16/202 Reduce -49.2% 165,000 $59K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 178$278.1MAAPL, GOOG, BIL, AVGO, HCAT
Q1 2026 162$224.6MAAPL, GOOG, AVGO, XOM, SRLN
Q4 2025 149$231.6MAAPL, GOOG, AVGO, MSFT, SRLN
Q3 2025 148$233.1MAAPL, AVGO, LPRO, GOOG, MSFT
Q2 2025 150$232.8MLPRO, AAPL, BIL, AVGO, MSFT
Q1 2025Amended 152$222.5MAAPL, BIL, AVGO, MSFT, GOOG
Q4 2024Amended 156$244.9MAAPL, AVGO, BIL, MSFT, GOOG
Q3 2024Amended 161$246.2MAAPL, AVGO, BIL, MSFT, GOOG
Q2 2024 159$235.7MAAPL, BIL, AVGO, MSFT, GOOG
Q1 2024 160$230.9MAAPL, AVGO, MSFT, GOOG, XOM