Palogic Value Management, L.P.

Name: Palogic Value Management, L.P. 13F holdings, Q4 2024
Creator: Palogic Value Management, L.P.
Published: 2025-03-12

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

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed March 12, 2025), Palogic Value Management, L.P. reported 156 stock positions worth $244.9 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Broadcom (AVGO, 5.0%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 3.7%). Compared with Q3 2024, it opened 8 new positions, sold out of 13, added to 49 and reduced 41. The biggest buy was a new position in iShares 7-10 Year Treasury B (IEF) and the biggest sale an exit from Procore Technologies (PCOR).

Most Recent 13F: Q2 2026
Location: DALLAS, TX
CIK: 0001532943
Portfolio Value: $244.9M (Q4 2024)
SEC Filing: 0001214659-25-004240 ↗ filed Mar 12, 2025

Holdings Value

Holdings 156 stocks · $244.9M


AAPL Apple Inc.	4.98%	48,713	$12.2M	Reduce -0.7%
AVGO Broadcom Inc.	4.97%	52,535	$12.2M	Reduce -4.0%
BIL SS SPDR BB 1-3M T-Bill ETF	3.74%	100,098	$9.2M	No change
MSFT Microsoft Corp.	2.88%	16,740	$7.1M	No change
GOOG Alphabet Inc. Class C	2.85%	36,638	$7.0M	Reduce -0.4%
VERX Vertex Inc. Class A	2.18%	100,000	$5.3M	Reduce -20.0%
SRLN SS Blackstone Sr Loan ETF	2.15%	126,131	$5.3M	Add +6.4%
XOM Exxon Mobil Corp.	2.10%	47,878	$5.2M	Reduce -0.9%
SHEL Shell PLC-ADR	1.93%	75,602	$4.7M	Add +25.0%
SLND Southland Holdings Inc.	1.84%	1,289,893	$4.5M	Reduce -6.0%
LPRO Open Lending Corp.	1.75%	718,048	$4.3M	Reduce -1.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	1.72%	53,532	$4.2M	Add +0.8%
BHP BHP Group Ltd.-Spon ADR	1.64%	82,496	$4.0M	Add +0.5%
AMZN Amazon.com Inc.	1.61%	17,925	$3.9M	No change
FLYW Flywire Corp.-Voting	1.60%	190,000	$3.9M	Add +5.6%
VRRM Verra Mobility Corp.	1.48%	150,000	$3.6M	No change
IVAC Intevac Inc.	1.46%	1,053,924	$3.6M	No change
CNNE Cannae Holdings Inc.	1.42%	175,000	$3.5M	Reduce -5.4%
IIIV I3 Verticals Inc. Class A	1.41%	149,789	$3.5M	No change
IEF iShares 7-10 Year Treasury B	1.40%	37,000	$3.4M	New
ABBV Abbvie Inc.	1.39%	19,200	$3.4M	No change
BAND Bandwidth Inc. Class A	1.39%	200,000	$3.4M	No change
CMCO Columbus McKinnon Corp.	1.24%	81,585	$3.0M	No change
TLT iShares 20+ Year Treasury BD	1.23%	34,500	$3.0M	New
ALIT Alight Inc. Class A	1.19%	420,000	$2.9M	Add +13.5%
PEB Pebblebrook Hotel Trust	1.07%	194,000	$2.6M	Add +11.5%
HUCK Huckleberry AI Inc. filed as DOMO INC	0.98%	340,000	$2.4M	Reduce -19.1%
XNEAX Nuveen Amt-FR QLTY Muni Inc.	0.96%	208,943	$2.4M	Add +35.5%
NPO Enpro Inc.	0.95%	13,500	$2.3M	No change
ARCC Ares Capital Corp.	0.93%	104,565	$2.3M	Add +5.0%
OLO Olo Inc. Class A	0.93%	296,303	$2.3M	Reduce -57.1%
VCLT Vanguard Long-Term Corp. Bond	0.93%	30,429	$2.3M	Reduce -1.9%
NAD Nuveen Quality Municipal Inc.	0.93%	194,439	$2.3M	Add +18.3%
HCAT Health Catalyst Inc.	0.92%	320,000	$2.3M	New
TAP Molson Coors Beverage Co. Class B	0.91%	38,687	$2.2M	Add +0.3%
ZUO Zuora Inc. Class A	0.89%	219,983	$2.2M	Reduce -45.0%
NVG Nuveen Amt-FR Muni CRDT	0.87%	174,441	$2.1M	Add +12.6%
KVHI KVH Industries Inc.	0.85%	363,199	$2.1M	Reduce -9.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.83%	46,534	$2.0M	Reduce -4.2%
EB Eventbrite Inc. Class A	0.82%	600,000	$2.0M	Reduce -42.9%
PG The Procter & Gamble Co.	0.79%	11,540	$1.9M	Reduce -0.3%
AMGN Amgen Inc.	0.76%	7,179	$1.9M	Reduce -0.3%
EXFY Expensify Inc. Class A	0.75%	550,806	$1.8M	Reduce -37.0%
BMY Bristol-Myers Squibb Co.	0.73%	31,782	$1.8M	Add +0.4%
OBDC Blue Owl Capital Corp.	0.73%	117,536	$1.8M	Add +7.8%
ONTF ON24 Inc.	0.69%	260,000	$1.7M	Reduce -21.6%
TRIP Tripadvisor Inc.	0.66%	110,000	$1.6M	Reduce -21.4%
JPM JPMorgan Chase & Co.	0.65%	6,624	$1.6M	Reduce -2.9%
BC Brunswick Corp.	0.64%	24,143	$1.6M	Add +0.2%
ASPN Aspen Aerogels Inc.	0.63%	130,000	$1.5M	New
MQ Marqeta Inc.	0.62%	400,000	$1.5M	Add +45.5%
PSEC Prospect Capital Corp.	0.62%	351,294	$1.5M	Add +50.8%
LZ Legalzoomcom Inc.	0.61%	200,000	$1.5M	No change
LBRT Liberty Energy Inc.	0.61%	75,000	$1.5M	New
SAP Sap SE-Sponsored ADR	0.59%	5,888	$1.4M	Add +0.4%
GPN Global Payments Inc.	0.59%	12,905	$1.4M	No change
AESI Atlas Energy Solutions Inc.	0.59%	65,000	$1.4M	Reduce -40.9%
SPG Simon Property Group Inc.	0.57%	8,157	$1.4M	Add +0.3%
LADR Ladder Capital Corp.-REIT	0.57%	124,235	$1.4M	Add +9.1%
FDUS Fidus Investment Corp.	0.55%	63,822	$1.3M	Add +11.9%
LSPD Lightspeed Commerce Inc.	0.53%	85,929	$1.3M	Reduce -31.3%
ABR Arbor Realty Trust Inc.	0.53%	94,298	$1.3M	Add +12.8%
CSCO Cisco Systems Inc.	0.53%	21,873	$1.3M	No change
ADBE Adobe Inc.	0.53%	2,892	$1.3M	Reduce -12.1%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.52%	43,900	$1.3M	No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.52%	33,442	$1.3M	Add +10.3%
NMZ Nuveen Muni Hi Inc. Opport	0.50%	113,950	$1.2M	Add +15.7%
OKE Oneok Inc.	0.48%	11,800	$1.2M	No change
FNF Fidelity National Financial	0.48%	20,836	$1.2M	Add +0.4%
PDO PIMCO Dynamic Income Opport	0.46%	83,778	$1.1M	Reduce -5.6%
SAR Saratoga Investment Corp.	0.46%	46,680	$1.1M	No change
PSFE Paysafe Ltd.	0.45%	64,584	$1.1M	New
CMBS iShares CMBS ETF	0.45%	23,138	$1.1M	Add +14.0%
SPY SS SPDR S&P 500 ETF Trust-US	0.43%	1,811	$1.1M	No change
ARI Apollo Commercial Real Estat	0.42%	120,134	$1.0M	Add +19.4%
DHI D.R. Horton Inc.	0.41%	7,136	$998K	Add +0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.39%	8,557	$953K	Add +0.9%
HON Honeywell International Inc.	0.37%	3,974	$898K	Add +0.8%
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP	0.35%	110,000	$865K	Reduce -18.5%
VZ Verizon Communications Inc.	0.34%	21,090	$843K	Reduce -4.5%
V Visa Inc. Class A	0.34%	2,617	$827K	No change
PANW Palo Alto Networks Inc.	0.33%	4,500	$819K	No change
STWD Starwood Property Trust Inc.	0.33%	42,637	$808K	Add +20.2%
JPC Nuveen Prefered & Income Opp	0.33%	101,305	$796K	No change
HD Home Depot Inc.	0.32%	2,029	$789K	Add +0.8%
SBUX Starbucks Corp.	0.32%	8,483	$774K	Add +1.0%
FCX Freeport-McMoran Inc.	0.32%	20,277	$772K	Add +1.5%
NFE New Fortress Energy Inc.	0.31%	50,000	$756K	Reduce -75.0%
AXP American Express Co.	0.30%	2,506	$744K	No change
VBTX Veritex Holdings Inc.	0.30%	27,000	$733K	No change
TXN Texas Instruments Inc.	0.29%	3,807	$714K	Add +0.6%
EAF Graftech International Ltd.	0.29%	410,000	$709K	Reduce -18.0%
CPRT Copart Inc.	0.28%	12,000	$689K	No change
CSQ Calamos Strat TTL RTRN FND	0.28%	38,800	$687K	Reduce -3.0%
NEE Nextera Energy Inc.	0.27%	9,286	$666K	Reduce -0.7%
UNP Union Pacific Corp.	0.26%	2,823	$644K	Add +1.5%
PFF iShares Preferred & Income S	0.26%	20,040	$630K	No change
DUK Duke Energy Corp.	0.24%	5,537	$597K	No change
KHC The Kraft Heinz Co.	0.24%	18,992	$583K	Add +0.6%
EOG EOG Resources Inc.	0.23%	4,648	$570K	Add +1.1%
LYB Lyondellbasell Indu Class A	0.22%	7,384	$548K	Reduce -13.1%
GOOGL Alphabet Inc. Class A	0.20%	2,625	$497K	No change
RITM Rithm Capital Corp.	0.20%	45,200	$490K	Reduce -0.7%
NZF Nuveen Municipal Credit Inc.	0.20%	39,860	$485K	No change
DOCU Docusign Inc.	0.20%	5,321	$479K	Add +1.3%
VRSK Verisk Analytics Inc.	0.19%	1,719	$473K	No change
BDJ BlackRock Enhanced Eqty DVD	0.19%	57,000	$472K	No change
ETG Eaton Vance T/A GL DVD Incm	0.17%	23,500	$428K	No change
SCWX Secureworks Corp. Class A	0.17%	50,000	$423K	Reduce -63.0%
MRK Merck & Co. Inc.	0.17%	4,250	$423K	No change
DMB BNY Mellon Muni BND Infra	0.17%	40,250	$417K	No change
DFP Flaherty & Crumrine DYN Pref	0.17%	20,500	$409K	No change
MHD BlackRock Muniholdings Fund	0.16%	33,394	$390K	No change
FISV Fiserv Inc.	0.16%	1,857	$381K	Add +1.6%
SYK Stryker Corp.	0.15%	1,015	$365K	Add +0.8%
TYL Tyler Technologies Inc.	0.15%	620	$358K	Add +0.8%
ZBRA Zebra Technologies Corp. Class A	0.15%	923	$356K	Add +0.9%
RF Regions Financial Corp.	0.14%	15,000	$353K	No change
XBTAX BlackRock LNG-TRM Muni Adv	0.14%	36,024	$352K	Reduce -2.6%
CAT Caterpillar Inc.	0.14%	957	$347K	Add +1.6%
GPMT Granite Point Mortgage Trust	0.14%	119,892	$334K	Reduce -41.6%
ORCL Oracle Corp.	0.14%	2,000	$333K	No change
BTZ BlackRock Credit Allocation	0.13%	31,084	$325K	Reduce -6.1%
XBXMX Nuveen S&P 500 Buy-WR Inc.	0.12%	21,871	$306K	No change
DLB Dolby Laboratories Inc. Class A	0.12%	3,888	$304K	Add +6.4%
CMG Chipotle Mexican Grill Inc.	0.12%	5,000	$302K	No change
XLK SS Technology Select Sector	0.11%	1,190	$277K	No change
EFX Equifax Inc.	0.11%	1,066	$272K	Add +1.1%
EXP Eagle Materials Inc.	0.11%	1,100	$271K	No change
SPOT Spotify Technology SA	0.11%	600	$268K	No change
FIS Fidelity National Info Serv	0.11%	3,239	$262K	Add +2.3%
LVS Las Vegas Sands Corp.	0.10%	5,000	$257K	No change
MA Mastercard Inc. Class A	0.10%	481	$253K	Add +2.1%
JNJ Johnson & Johnson	0.10%	1,679	$243K	No change
QTEC First Trust Nasdq 100 Tech I	0.10%	1,277	$240K	No change
PFE Pfizer Inc.	0.10%	8,815	$234K	Reduce -0.1%
CZR Caesars Entertainment Inc.	0.09%	6,924	$231K	Add +4.0%
BP BP PLC-Spons ADR	0.09%	7,779	$230K	No change
DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD	0.09%	39,274	$228K	No change
DD Dupont DE Nemours Inc.	0.09%	2,963	$226K	No change
MQY BlackRock Muniyield Quality	0.09%	19,005	$219K	Reduce -16.4%
NSC Norfolk Southern Corp.	0.09%	900	$211K	No change
NBB Nuveen Taxable Municipal Inc.	0.09%	14,000	$210K	No change
COST Costco Wholesale Corp.	0.08%	223	$204K	New
BFK BlackRock Municipal Inc. TRST	0.08%	20,000	$197K	No change
MUE BlackRock Munihold QLT FD II	0.08%	19,000	$190K	No change
PML PIMCO Municipal Income FD II	0.07%	22,600	$183K	No change
BBN BlackRock Taxable Muni BND	0.07%	10,500	$169K	No change
BLE BlackRock Muni Inc. TR II	0.06%	15,000	$158K	No change
XPMFX PIMCO Municipal Income Fund	0.06%	17,100	$154K	Reduce -22.3%
CHI Calamos Convert Opport & Inc.	0.06%	12,000	$143K	No change
DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC	0.06%	20,000	$142K	No change
XMVFX BlackRock Munivest Fund	0.06%	20,000	$141K	No change
LIVEPERSON INC	0.04%	72,500	$110K	Reduce -81.9%
JOBY Joby Aviation Inc.	0.03%	10,000	$81K	New
CHW Calamos Global Dynamic Incom	0.03%	11,000	$74K	No change

Options reported separately and not counted above: NFE calls ($5.3M), FICO puts ($2.0M), STRL puts ($1.7M), CBRL calls ($921K), CRK calls ($729K), TSCO calls ($663K), VNO calls ($631K), MAC calls ($598K), TPC calls ($363K), CORZ calls ($351K), TFIN calls ($227K), SPCE calls ($176K), and 2 more.

Other holdings (4): bonds, preferreds, convertibles and warrants · $5.2M (not counted above)

Security	Class	Shares / Principal	Value	Change
LIVEPERSON INC (LPSN 0 12/15/26)	NOTE 12/1 · principal	8,793,000	$4.0M	Add +20.6%
BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b)	5.5 CUM CV PFD B	53,303	$733K	Add +11.5%
JOBY.WS Joby Aviation Inc. -CW25	*W EXP 08/10/202	123,000	$248K	Reduce -29.6%
ACHR.WS Archer Aviation Inc. -CW26	*W EXP 09/16/202	75,000	$242K	Reduce -54.5%

Total filed on the 13F, all lines: $250.2M.

Portfolio Sells Q3 2024 → Q4 2024


PCOR Procore Technologies Inc.	Sold out	0.00%	−0.63
CTRA Coterra Energy Inc.	Sold out	0.00%	−0.58
ICVT iShares Convertible Bond ETF	Sold out	0.00%	−0.58
TREX Trex Company Inc.	Sold out	0.00%	−0.54
ZUO Zuora Inc. Class A	Reduce -45.0%	0.89%	−0.51
OLO Olo Inc. Class A	Reduce -57.1%	0.93%	−0.46
VMEO Vimeo Inc.	Sold out	0.00%	−0.46
NFE New Fortress Energy Inc.	Reduce -75.0%	0.31%	−0.43
ASUR Asure Software Inc.	Sold out	0.00%	−0.40
AESI Atlas Energy Solutions Inc.	Reduce -40.9%	0.59%	−0.39
EB Eventbrite Inc. Class A	Reduce -42.9%	0.82%	−0.34
SCWX Secureworks Corp. Class A	Reduce -63.0%	0.17%	−0.31
ESTC Elastic NV	Sold out	0.00%	−0.31
LSPD Lightspeed Commerce Inc.	Reduce -31.3%	0.53%	−0.30
HUCK Huckleberry AI Inc.	Reduce -19.1%	0.98%	−0.30
SLND Southland Holdings Inc.	Reduce -6.0%	1.84%	−0.25
CALY Callaway Golf Company	Reduce -18.5%	0.35%	−0.25
XOM Exxon Mobil Corp.	Reduce -0.9%	2.10%	−0.20
AMGN Amgen Inc.	Reduce -0.3%	0.76%	−0.18
ADBE Adobe Inc.	Reduce -12.1%	0.53%	−0.17
LIVEPERSON INC	Reduce -81.9%	0.04%	−0.16
TRIP Tripadvisor Inc.	Reduce -21.4%	0.66%	−0.16
ONTF ON24 Inc.	Reduce -21.6%	0.69%	−0.14
SMAR Smartsheet Inc. Class A	Sold out	0.00%	−0.14
GPMT Granite Point Mortgage Trust	Reduce -41.6%	0.14%	−0.13
PDI PIMCO Dynamic Income Fund	Sold out	0.00%	−0.12
LYB Lyondellbasell Indu Class A	Reduce -13.1%	0.22%	−0.11
VCLT Vanguard Long-Term Corp. Bond	Reduce -1.9%	0.93%	−0.09
PLD Prologis Inc.	Sold out	0.00%	−0.09
HCA HCA Healthcare Inc.	Sold out	0.00%	−0.08
VZ Verizon Communications Inc.	Reduce -4.5%	0.34%	−0.06
LPRO Open Lending Corp.	Reduce -1.0%	1.75%	−0.05
XPMQX PIMCO Muni Income Fund III	Sold out	0.00%	−0.05
NEE Nextera Energy Inc.	Reduce -0.7%	0.27%	−0.05
PDO PIMCO Dynamic Income Opport	Reduce -5.6%	0.46%	−0.04
MQY BlackRock Muniyield Quality	Reduce -16.4%	0.09%	−0.03
XPMFX PIMCO Municipal Income Fund	Reduce -22.3%	0.06%	−0.03
PG The Procter & Gamble Co.	Reduce -0.3%	0.79%	−0.02
BTZ BlackRock Credit Allocation	Reduce -6.1%	0.13%	−0.02
XBTAX BlackRock LNG-TRM Muni Adv	Reduce -2.6%	0.14%	−0.02
23ANDME HOLDING CO	Sold out	0.00%	−0.02
CNNE Cannae Holdings Inc.	Reduce -5.4%	1.42%	−0.01
RITM Rithm Capital Corp.	Reduce -0.7%	0.20%	−0.01
PFE Pfizer Inc.	Reduce -0.1%	0.10%	−0.01
CSQ Calamos Strat TTL RTRN FND	Reduce -3.0%	0.28%	−0.00
EAF Graftech International Ltd.	Reduce -18.0%	0.29%	+0.02
BAC Bank of America Corp.	Reduce -4.2%	0.83%	+0.05
EXFY Expensify Inc. Class A	Reduce -37.0%	0.75%	+0.06
KVHI KVH Industries Inc.	Reduce -9.1%	0.85%	+0.06
JPM JPMorgan Chase & Co.	Reduce -2.9%	0.65%	+0.06

Portfolio Buys Q3 2024 → Q4 2024


IEF iShares 7-10 Year Treasury B	New	1.40%	+1.40
TLT iShares 20+ Year Treasury BD	New	1.23%	+1.23
HCAT Health Catalyst Inc.	New	0.92%	+0.92
ASPN Aspen Aerogels Inc.	New	0.63%	+0.63
LBRT Liberty Energy Inc.	New	0.61%	+0.61
PSFE Paysafe Ltd.	New	0.45%	+0.45
FLYW Flywire Corp.-Voting	Add +5.6%	1.60%	+0.40
SHEL Shell PLC-ADR	Add +25.0%	1.93%	+0.31
XNEAX Nuveen Amt-FR QLTY Muni Inc.	Add +35.5%	0.96%	+0.21
PEB Pebblebrook Hotel Trust	Add +11.5%	1.07%	+0.14
SRLN SS Blackstone Sr Loan ETF	Add +6.4%	2.15%	+0.14
PSEC Prospect Capital Corp.	Add +50.8%	0.62%	+0.11
NAD Nuveen Quality Municipal Inc.	Add +18.3%	0.93%	+0.10
FDUS Fidus Investment Corp.	Add +11.9%	0.55%	+0.09
ARCC Ares Capital Corp.	Add +5.0%	0.93%	+0.09
COST Costco Wholesale Corp.	New	0.08%	+0.08
OBDC Blue Owl Capital Corp.	Add +7.8%	0.73%	+0.08
ALIT Alight Inc. Class A	Add +13.5%	1.19%	+0.07
MQ Marqeta Inc.	Add +45.5%	0.62%	+0.07
BMY Bristol-Myers Squibb Co.	Add +0.4%	0.73%	+0.07
DOCU Docusign Inc.	Add +1.3%	0.20%	+0.06
DIS The Walt Disney Co.	Add +0.9%	0.39%	+0.06
ARI Apollo Commercial Real Estat	Add +19.4%	0.42%	+0.05
SAP Sap SE-Sponsored ADR	Add +0.4%	0.59%	+0.05
CMBS iShares CMBS ETF	Add +14.0%	0.45%	+0.04
NMZ Nuveen Muni Hi Inc. Opport	Add +15.7%	0.50%	+0.04
STWD Starwood Property Trust Inc.	Add +20.2%	0.33%	+0.04
HON Honeywell International Inc.	Add +0.8%	0.37%	+0.04
JOBY Joby Aviation Inc.	New	0.03%	+0.03
LADR Ladder Capital Corp.-REIT	Add +9.1%	0.57%	+0.03
NVG Nuveen Amt-FR Muni CRDT	Add +12.6%	0.87%	+0.03
FISV Fiserv Inc.	Add +1.6%	0.16%	+0.02
SPG Simon Property Group Inc.	Add +0.3%	0.57%	+0.02
DLB Dolby Laboratories Inc. Class A	Add +6.4%	0.12%	+0.01
MA Mastercard Inc. Class A	Add +2.1%	0.10%	+0.01
ZBRA Zebra Technologies Corp. Class A	Add +0.9%	0.15%	+0.01
SLB SLB Ltd.	Add +10.3%	0.52%	+0.01
ABR Arbor Realty Trust Inc.	Add +12.8%	0.53%	+0.00
TAP Molson Coors Beverage Co. Class B	Add +0.3%	0.91%	+0.00
EOG EOG Resources Inc.	Add +1.1%	0.23%	+0.00
SYK Stryker Corp.	Add +0.8%	0.15%	+0.00
TYL Tyler Technologies Inc.	Add +0.8%	0.15%	+0.00
FIS Fidelity National Info Serv	Add +2.3%	0.11%	−0.00
CAT Caterpillar Inc.	Add +1.6%	0.14%	−0.01
HD Home Depot Inc.	Add +0.8%	0.32%	−0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	Add +0.8%	1.72%	−0.01
EFX Equifax Inc.	Add +1.1%	0.11%	−0.01
UNP Union Pacific Corp.	Add +1.5%	0.26%	−0.02
SBUX Starbucks Corp.	Add +1.0%	0.32%	−0.02
CZR Caesars Entertainment Inc.	Add +4.0%	0.09%	−0.02

Options Activity Q3 2024 → Q4 2024


SPY SS SPDR S&P 500 ETF Trust-US	put	Sold out	57,500	$32.9Mbefore exit
NFE New Fortress Energy Inc.	call	Add +102.9%	350,000	$5.3M
HUCK Huckleberry AI Inc.	call	Sold out	300,000	$2.3Mbefore exit
FICO Fair Isaac Corp.	put	New	1,000	$2.0M
STRL Sterling Infrastructure Inc.	put	New	10,000	$1.7M
STRL Sterling Infrastructure Inc.	call	Sold out	7,500	$1.1Mbefore exit
MPT Medical Properties Trust Inc.	call	Sold out	175,000	$1.0Mbefore exit
CBRL Cracker Barrel Old Country	call	Add +75.0%	17,500	$921K
HSY The Hershey Co.	call	Sold out	4,000	$754Kbefore exit
CRK Comstock Resources Inc.	call	New	40,000	$729K
TSCO Tractor Supply Company	call	New	12,500	$663K
VNO Vornado Realty Trust	call	Reduce -14.3%	15,000	$631K
MSTR Strategy Inc.	call	Sold out	3,000	$506Kbefore exit
TPC Tutor Perini Corp.	call	Reduce -25.0%	15,000	$363K
LUMN Lumen Technologies Inc.	call	Sold out	50,000	$355Kbefore exit
CORZ Core Scientific Inc.	call	Reduce -37.5%	25,000	$351K
TFIN Triumph Financial Inc.	call	New	2,500	$227K
SPCE Virgin Galactic Holdings Inc.	call	New	30,000	$176K
COOK Traeger Inc.	call	Reduce -22.1%	30,000	$72K
JOBY Joby Aviation Inc.	call	New	7,500	$61K

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

Notes & Other Activity Q3 2024 → Q4 2024


LIVEPERSON INC (LPSN 0 12/15/26)	NOTE 12/1 · principal	Add +20.6%	8,793,000	$4.0M
BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b)	5.5 CUM CV PFD B	Add +11.5%	53,303	$733K
JOBY.WS Joby Aviation Inc. -CW25	*W EXP 08/10/202	Reduce -29.6%	123,000	$248K
ACHR.WS Archer Aviation Inc. -CW26	*W EXP 09/16/202	Reduce -54.5%	75,000	$242K

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026Amended	178	$278.1M	AAPL, GOOG, BIL, AVGO, HCAT
Q1 2026	162	$224.6M	AAPL, GOOG, AVGO, XOM, SRLN
Q4 2025	149	$231.6M	AAPL, GOOG, AVGO, MSFT, SRLN
Q3 2025	148	$233.1M	AAPL, AVGO, LPRO, GOOG, MSFT
Q2 2025	150	$232.8M	LPRO, AAPL, BIL, AVGO, MSFT
Q1 2025Amended	152	$222.5M	AAPL, BIL, AVGO, MSFT, GOOG
Q4 2024Amended	156	$244.9M	AAPL, AVGO, BIL, MSFT, GOOG
Q3 2024Amended	161	$246.2M	AAPL, AVGO, BIL, MSFT, GOOG
Q2 2024	159	$235.7M	AAPL, BIL, AVGO, MSFT, GOOG
Q1 2024	160	$230.9M	AAPL, AVGO, MSFT, GOOG, XOM