Palogic Value Management, L.P.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Palogic Value Management, L.P. reported 162 stock positions worth $224.6 million. Its top holding was Apple (AAPL) at 5.1% of the portfolio, followed by Alphabet Class C (GOOG, 4.2%) and Broadcom (AVGO, 4.1%). Compared with Q4 2025, it opened 29 new positions, sold out of 16, added to 57 and reduced 36. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +928%) and the biggest sale an exit from Eventbrite Class A (EB).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001532943
Portfolio Value
$224.6M (Q1 2026)
SEC Filing
0001214659-26-006264 ↗ filed May 15, 2026

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 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 $224.6M Q1 2026 Q2 2026: $278.1M Q2 2026

Holdings 162 stocks · $224.6M
AAPL Apple Inc. 5.13% 45,437 $11.5M Reduce -0.1%
GOOG Alphabet Inc. Class C 4.24% 33,229 $9.5M Reduce -0.9%
AVGO Broadcom Inc. 4.07% 29,560 $9.1M Reduce -1.8%
XOM Exxon Mobil Corp. 3.51% 46,416 $7.9M Reduce -5.1%
SRLN SS Blackstone Sr Loan ETF 2.97% 166,381 $6.7M Reduce -0.2%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 2.79% 86,072 $6.3M Add +0.0%
MSFT Microsoft Corp. 2.58% 15,641 $5.8M Reduce -0.2%
LPRO Open Lending Corp. 2.53% 4,543,612 $5.7M Add +5.2%
BIL SS SPDR BB 1-3M T-Bill ETF 2.30% 56,379 $5.2M Add +928.4%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 2.04% 57,680 $4.6M Reduce -2.0%
XNEAX Nuveen Amt-FR QLTY Muni Inc. 1.89% 377,558 $4.2M Add +2.4%
ABBV Abbvie Inc. 1.79% 18,505 $4.0M Reduce -3.5%
SHEL Shell PLC-ADR 1.72% 41,618 $3.9M Reduce -24.4%
AMZN Amazon.com Inc. 1.67% 18,021 $3.8M Add +0.8%
HCAT Health Catalyst Inc. 1.64% 2,896,600 $3.7M Add +128.1%
NVG Nuveen Amt-FR Muni CRDT 1.56% 283,732 $3.5M Add +2.5%
PEB Pebblebrook Hotel Trust 1.55% 275,100 $3.5M Reduce -31.2%
NAD Nuveen Quality Municipal Inc. 1.54% 300,411 $3.5M Add +9.0%
BAND Bandwidth Inc. Class A 1.47% 185,002 $3.3M Reduce -5.2%
FLYW Flywire Corp.-Voting 1.30% 250,000 $2.9M Add +16.3%
AMGN Amgen Inc. 1.22% 7,773 $2.7M Add +0.1%
VCLT Vanguard Long-Term Corp. Bond 1.19% 35,691 $2.7M Reduce -2.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.09% 50,182 $2.4M Add +0.1%
EXFY Expensify Inc. Class A 0.98% 2,522,566 $2.2M Add +79.8%
ARCC Ares Capital Corp. 0.89% 110,670 $2.0M Add +0.1%
SLB SLB Ltd. filed as SLB LIMITED 0.87% 38,239 $2.0M Reduce -2.4%
JPM JPMorgan Chase & Co. 0.85% 6,474 $1.9M Reduce -2.3%
BC Brunswick Corp. 0.78% 24,210 $1.8M Reduce -13.8%
TRIP Tripadvisor Inc. 0.78% 165,000 $1.8M New
VYX NCR Voyix Corp. 0.78% 275,000 $1.7M Add +41.0%
OZK Bank Ozk 0.77% 37,500 $1.7M Add +36.4%
PG The Procter & Gamble Co. 0.76% 11,876 $1.7M No change
VRRM Verra Mobility Corp. 0.76% 120,000 $1.7M Add +20.0%
OBDC Blue Owl Capital Corp. 0.76% 153,625 $1.7M Add +6.4%
EEFT Euronet Worldwide Inc. 0.74% 25,000 $1.7M Add +100.0%
MQ Marqeta Inc. 0.73% 400,000 $1.6M Reduce -5.9%
LSPD Lightspeed Commerce Inc. 0.72% 180,000 $1.6M Add +50.0%
CSCO Cisco Systems Inc. 0.71% 20,673 $1.6M Reduce -0.5%
ASPN Aspen Aerogels Inc. 0.69% 450,000 $1.5M Reduce -14.3%
PFF iShares Preferred & Income S 0.68% 50,293 $1.5M No change
FCX Freeport-McMoran Inc. 0.65% 24,846 $1.5M Add +1.0%
PYPL PayPal Holdings Inc. 0.63% 31,256 $1.4M New
LADR Ladder Capital Corp.-REIT 0.62% 143,535 $1.4M Reduce -2.6%
NMZ Nuveen Muni Hi Inc. Opport 0.62% 133,250 $1.4M Add +1.5%
CMBS iShares CMBS ETF 0.59% 27,382 $1.3M No change
FDUS Fidus Investment Corp. 0.57% 72,868 $1.3M Reduce -1.5%
FDX FedEx Corp. 0.55% 3,479 $1.2M Add +0.2%
SLND Southland Holdings Inc. 0.55% 681,861 $1.2M Reduce -4.0%
KIM Kimco Realty Corp. 0.54% 53,936 $1.2M Add +151.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.54% 1,855 $1.2M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.53% 43,900 $1.2M No change
VERX Vertex Inc. Class A 0.53% 100,000 $1.2M Add +48.1%
PDO PIMCO Dynamic Income Opport 0.52% 90,184 $1.2M No change
DHI D.R. Horton Inc. 0.51% 8,381 $1.2M Add +1.1%
PD Pagerduty Inc. 0.51% 185,000 $1.1M New
HON Honeywell International Inc. 0.50% 5,012 $1.1M Add +1.4%
FNF Fidelity National Financial 0.50% 24,068 $1.1M Reduce -5.2%
PANW Palo Alto Networks Inc. 0.49% 6,910 $1.1M Add +10.5%
BNL Broadstone Net Lease Inc. 0.49% 59,854 $1.1M Add +139.3%
CMCO Columbus McKinnon Corp. 0.49% 75,000 $1.1M No change
PHR Phreesia Inc. 0.48% 130,000 $1.1M New
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.48% 19,400 $1.1M Add +34.7%
PAR Par Technology Corp. 0.47% 80,000 $1.1M Add +220.0%
OKE Oneok Inc. 0.47% 11,750 $1.1M No change
SAP Sap SE-Sponsored ADR 0.47% 6,159 $1.1M Add +0.7%
CNNE Cannae Holdings Inc. 0.46% 91,579 $1.0M No change
SAR Saratoga Investment Corp. 0.45% 46,680 $1.0M No change
VNOM Viper Energy Inc. Class A 0.45% 21,704 $1.0M Add +4.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.45% 10,462 $1.0M Add +1.7%
TXN Texas Instruments Inc. 0.45% 5,150 $1000K Add +3.9%
CAT Caterpillar Inc. 0.42% 1,336 $947K Reduce -4.8%
AESI Atlas Energy Solutions Inc. 0.42% 71,300 $935K Add +54.0%
VZ Verizon Communications Inc. 0.41% 18,287 $918K Reduce -14.9%
CMG Chipotle Mexican Grill Inc. 0.41% 28,655 $917K Add +1.5%
UNP Union Pacific Corp. 0.40% 3,746 $909K Add +3.5%
FSLR First Solar Inc. 0.38% 4,319 $852K Add +1.5%
MHD BlackRock Muniholdings Fund 0.38% 75,497 $851K Add +100.8%
SPSC SPS Commerce Inc. 0.37% 15,000 $835K New
EOG EOG Resources Inc. 0.37% 5,675 $820K Reduce -33.9%
STWD Starwood Property Trust Inc. 0.35% 46,258 $797K Add +1.3%
HBAN Huntington Bancshares Inc. 0.35% 50,650 $793K Reduce -3.8%
JPC Nuveen Prefered & Income Opp 0.34% 100,564 $758K No change
AXP American Express Co. 0.34% 2,506 $758K No change
GOOGL Alphabet Inc. Class A 0.34% 2,625 $755K No change
VIA Via Transportation Inc. Class A 0.33% 50,000 $750K New
AVB Avalonbay Communities Inc. 0.33% 4,488 $733K Add +2.3%
V Visa Inc. Class A 0.33% 2,417 $731K No change
DUK Duke Energy Corp. 0.32% 5,537 $725K No change
TAP Molson Coors Beverage Co. Class B 0.32% 16,494 $710K Reduce -73.0%
MNDY Monday.com Ltd. 0.31% 10,000 $691K New
TEAM Atlassian Corp. Class A 0.30% 10,000 $683K New
BXP BXP Inc. 0.30% 12,907 $670K Add +4.3%
CSQ Calamos Strat TTL RTRN FND 0.30% 38,800 $664K No change
PFSI Pennymac Financial Services 0.29% 7,500 $656K New
OTF Blue Owl Technology Finance 0.29% 52,802 $654K New
BILL Bill Holdings Inc. 0.29% 17,000 $651K No change
ABR Arbor Realty Trust Inc. 0.29% 84,443 $651K Add +38.7%
INTA Intapp Inc. 0.29% 25,000 $642K New
BRZE Braze Inc. Class A 0.28% 27,000 $637K New
EQT Eqt Corp. 0.28% 9,765 $621K Add +8.6%
HUCK Huckleberry AI Inc. filed as DOMO INC 0.26% 194,000 $594K Add +84.8%
KHC The Kraft Heinz Co. 0.26% 26,145 $588K Reduce -0.2%
CVLT Commvault Systems Inc. 0.26% 7,500 $584K New
RPD RAPID7 Inc. 0.26% 105,000 $579K Add +61.5%
JNJ Johnson & Johnson 0.26% 2,354 $575K Add +40.2%
TCBI Texas Capital Bancshares Inc. 0.25% 6,000 $569K Reduce -55.8%
COST Costco Wholesale Corp. 0.25% 558 $556K New
MRK Merck & Co. Inc. 0.24% 4,395 $529K No change
HTGC Hercules Capital Inc. 0.23% 34,783 $514K New
NZF Nuveen Municipal Credit Inc. 0.23% 41,710 $508K No change
BDJ BlackRock Enhanced Eqty DVD 0.22% 57,000 $491K No change
ETG Eaton Vance T/A GL DVD Incm 0.21% 23,500 $473K No change
AMPL Amplitude Inc. Class A 0.20% 65,000 $443K New
DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD 0.19% 72,032 $429K Add +33.3%
RITM Rithm Capital Corp. 0.19% 45,100 $428K No change
DMB BNY Mellon Muni BND Infra 0.19% 40,250 $424K No change
SYK Stryker Corp. 0.18% 1,259 $414K Reduce -2.8%
DFP Flaherty & Crumrine DYN Pref 0.18% 20,500 $411K No change
BP BP PLC-Spons ADR 0.18% 8,558 $402K No change
MA Mastercard Inc. Class A 0.18% 789 $394K Add +20.8%
RF Regions Financial Corp. 0.17% 15,000 $392K No change
ADBE Adobe Inc. 0.16% 1,521 $370K Reduce -1.7%
ORCL Oracle Corp. 0.16% 2,500 $368K Add +25.0%
PLD Prologis Inc. 0.16% 2,746 $363K Add +4.0%
WAL Western Alliance Bancorp 0.16% 5,000 $354K New
DLB Dolby Laboratories Inc. Class A 0.15% 5,756 $346K Add +5.7%
NOW ServiceNow Inc. 0.15% 3,231 $338K New
DOCU Docusign Inc. 0.15% 6,873 $326K Add +7.2%
TYL Tyler Technologies Inc. 0.14% 933 $319K Add +14.9%
XLK SS Technology Select Sector 0.14% 2,380 $316K No change
NBB Nuveen Taxable Municipal Inc. 0.14% 20,000 $313K No change
SMWB Similarweb Ltd. 0.13% 114,000 $298K New
BTZ BlackRock Credit Allocation 0.13% 29,366 $297K No change
IRD Opus Genetics Inc. 0.13% 65,000 $296K New
SPOT Spotify Technology SA 0.13% 600 $291K No change
XERS Xeris Biopharma Holdings Inc. 0.13% 50,000 $290K New
XSSPX Nuveen S&P 500 Dynam Overwr 0.13% 17,944 $288K No change
MUA BlackRock Muniassets Fund 0.13% 26,530 $281K New
ZBRA Zebra Technologies Corp. Class A 0.12% 1,321 $276K Reduce -1.0%
QTEC First Trust Nasdq 100 Tech I 0.12% 1,277 $276K No change
ACTU Actuate Therapeutics Inc. 0.12% 100,000 $274K New
EFX Equifax Inc. 0.12% 1,516 $273K Reduce -2.1%
LVS Las Vegas Sands Corp. 0.12% 5,000 $269K No change
CPRT Copart Inc. 0.12% 8,000 $266K Reduce -33.3%
NSC Norfolk Southern Corp. 0.12% 900 $258K No change
CPAY Corpay Inc. 0.11% 881 $256K Add +3.0%
RGNX Regenxbio Inc. 0.11% 30,000 $251K New
NVT Nvent Electric PLC 0.11% 2,125 $251K New
FIS Fidelity National Info Serv 0.11% 5,177 $243K Add +11.0%
QQQI Neos Nasdaq-100 High Inc. ETF 0.11% 4,820 $240K New
HCA HCA Healthcare Inc. 0.11% 500 $237K No change
RNTX Rein Therapeutics Inc. 0.10% 180,000 $234K New
ALIT Alight Inc. Class A 0.10% 400,000 $233K Add +33.3%
NVDA Nvidia Corp. 0.10% 1,330 $232K New
VRSK Verisk Analytics Inc. 0.10% 1,219 $231K Reduce -29.1%
EAF Graftech International Ltd. 0.10% 32,500 $220K New
BBN BlackRock Taxable Muni BND 0.08% 10,500 $170K No change
CHI Calamos Convert Opport & Inc. 0.06% 12,000 $129K No change
MQY BlackRock Muniyield Quality 0.05% 10,000 $110K No change
PML PIMCO Municipal Income FD II 0.04% 11,400 $86K No change
CHW Calamos Global Dynamic Incom 0.04% 11,000 $80K No change
GPMT Granite Point Mortgage Trust 0.01% 19,000 $28K Reduce -76.0%

Options reported separately and not counted above: GPN calls ($2.5M), PANW calls ($1.2M), NOW calls ($1.0M), CRCL calls ($716K), SNOW calls ($603K), COIN calls ($524K), CAVA calls ($405K), TEAM calls ($341K), QURE calls ($327K), PCOR calls ($285K), MPT calls ($278K), FRMI calls ($234K).

Other holdings (2): bonds, preferreds, convertibles and warrants · $3.7M (not counted above)
SecurityClassShares / PrincipalValueChange
LIVEPERSON INC (LPSN 0 12/15/26) NOTE 12/1 · principal 3,900,000$2.6MNew
BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) 5.5 CUM CV PFD B 73,867$1.1MReduce -13.8%

Total filed on the 13F, all lines: $228.3M.

Portfolio Sells Q4 2025 → Q1 2026
EB Eventbrite Inc. Class A Sold out 0.00% −1.69
ONTF ON24 Inc. Sold out 0.00% −1.03
TAP Molson Coors Beverage Co. Class B Reduce -73.0% 0.32% −0.92
SPG Simon Property Group Inc. Sold out 0.00% −0.74
MSFT Microsoft Corp. Reduce -0.2% 2.58% −0.69
LIVEPERSON INC (LPSN 0 12/15/26) Sold out 0.00% −0.68
LBRT Liberty Energy Inc. Sold out 0.00% −0.60
FISV Fiserv Inc. Sold out 0.00% −0.58
ARI Apollo Commercial Real Estat Sold out 0.00% −0.55
CRMT America's Car-Mart Inc. Sold out 0.00% −0.47
SLND Southland Holdings Inc. Reduce -4.0% 0.55% −0.45
CALY Callaway Golf Company Sold out 0.00% −0.43
AVGO Broadcom Inc. Reduce -1.8% 4.07% −0.43
PEB Pebblebrook Hotel Trust Reduce -31.2% 1.55% −0.41
FOR Forestar Group Inc. Sold out 0.00% −0.37
GOOG Alphabet Inc. Class C Reduce -0.9% 4.24% −0.30
TCBI Texas Capital Bancshares Inc. Reduce -55.8% 0.25% −0.28
SMWB Similarweb Ltd. Sold out 0.00% −0.22
AAPL Apple Inc. Reduce -0.1% 5.13% −0.21
FANG Diamondback Energy Inc. Sold out 0.00% −0.16
XBTAX BlackRock LNG-TRM Muni Adv Sold out 0.00% −0.15
MQ Marqeta Inc. Reduce -5.9% 0.73% −0.14
BC Brunswick Corp. Reduce -13.8% 0.78% −0.12
FNF Fidelity National Financial Reduce -5.2% 0.50% −0.10
ABBV Abbvie Inc. Reduce -3.5% 1.79% −0.10
EXP Eagle Materials Inc. Sold out 0.00% −0.10
CPRT Copart Inc. Reduce -33.3% 0.12% −0.08
LADR Ladder Capital Corp.-REIT Reduce -2.6% 0.62% −0.08
JPM JPMorgan Chase & Co. Reduce -2.3% 0.85% −0.07
MUE BlackRock Munihold QLT FD II Sold out 0.00% −0.07
GPMT Granite Point Mortgage Trust Reduce -76.0% 0.01% −0.07
ADBE Adobe Inc. Reduce -1.7% 0.16% −0.07
VRSK Verisk Analytics Inc. Reduce -29.1% 0.10% −0.06
FDUS Fidus Investment Corp. Reduce -1.5% 0.57% −0.05
BFK BlackRock Municipal Inc. TRST Sold out 0.00% −0.04
HBAN Huntington Bancshares Inc. Reduce -3.8% 0.35% −0.04
SHEL Shell PLC-ADR Reduce -24.4% 1.72% −0.02
EOG EOG Resources Inc. Reduce -33.9% 0.37% −0.02
EFX Equifax Inc. Reduce -2.1% 0.12% −0.02
ZBRA Zebra Technologies Corp. Class A Reduce -1.0% 0.12% −0.02
VCLT Vanguard Long-Term Corp. Bond Reduce -2.4% 1.19% −0.01
KHC The Kraft Heinz Co. Reduce -0.2% 0.26% −0.01
SYK Stryker Corp. Reduce -2.8% 0.18% −0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -2.0% 2.04% −0.01
SRLN SS Blackstone Sr Loan ETF Reduce -0.2% 2.97% +0.00
CSCO Cisco Systems Inc. Reduce -0.5% 0.71% +0.02
VZ Verizon Communications Inc. Reduce -14.9% 0.41% +0.03
ASPN Aspen Aerogels Inc. Reduce -14.3% 0.69% +0.04
CAT Caterpillar Inc. Reduce -4.8% 0.42% +0.07
BAND Bandwidth Inc. Class A Reduce -5.2% 1.47% +0.17

Portfolio Buys Q4 2025 → Q1 2026
BIL SS SPDR BB 1-3M T-Bill ETF Add +928.4% 2.30% +2.08
TRIP Tripadvisor Inc. New 0.78% +0.78
PYPL PayPal Holdings Inc. New 0.63% +0.63
BHP BHP Group Ltd.-Spon ADR Add +0.0% 2.79% +0.54
PD Pagerduty Inc. New 0.51% +0.51
PHR Phreesia Inc. New 0.48% +0.48
SPSC SPS Commerce Inc. New 0.37% +0.37
KIM Kimco Realty Corp. Add +151.1% 0.54% +0.35
VIA Via Transportation Inc. Class A New 0.33% +0.33
EEFT Euronet Worldwide Inc. Add +100.0% 0.74% +0.33
HCAT Health Catalyst Inc. Add +128.1% 1.64% +0.33
MNDY Monday.com Ltd. New 0.31% +0.31
TEAM Atlassian Corp. Class A New 0.30% +0.30
BNL Broadstone Net Lease Inc. Add +139.3% 0.49% +0.30
PFSI Pennymac Financial Services New 0.29% +0.29
OTF Blue Owl Technology Finance New 0.29% +0.29
INTA Intapp Inc. New 0.29% +0.29
BRZE Braze Inc. Class A New 0.28% +0.28
CVLT Commvault Systems Inc. New 0.26% +0.26
COST Costco Wholesale Corp. New 0.25% +0.25
HTGC Hercules Capital Inc. New 0.23% +0.23
AESI Atlas Energy Solutions Inc. Add +54.0% 0.42% +0.23
OZK Bank Ozk Add +36.4% 0.77% +0.22
AMPL Amplitude Inc. Class A New 0.20% +0.20
MHD BlackRock Muniholdings Fund Add +100.8% 0.38% +0.19
WAL Western Alliance Bancorp New 0.16% +0.16
NOW ServiceNow Inc. New 0.15% +0.15
SMWB Similarweb Ltd. New 0.13% +0.13
IRD Opus Genetics Inc. New 0.13% +0.13
XERS Xeris Biopharma Holdings Inc. New 0.13% +0.13
MUA BlackRock Muniassets Fund New 0.13% +0.13
ACTU Actuate Therapeutics Inc. New 0.12% +0.12
AMGN Amgen Inc. Add +0.1% 1.22% +0.12
FDX FedEx Corp. Add +0.2% 0.55% +0.12
JEPQ JPM Nasdaq Equity Premium Add +34.7% 0.48% +0.12
RGNX Regenxbio Inc. New 0.11% +0.11
NVT Nvent Electric PLC New 0.11% +0.11
FCX Freeport-McMoran Inc. Add +1.0% 0.65% +0.11
VNOM Viper Energy Inc. Class A Add +4.9% 0.45% +0.11
NAD Nuveen Quality Municipal Inc. Add +9.0% 1.54% +0.11
QQQI Neos Nasdaq-100 High Inc. ETF New 0.11% +0.11
JNJ Johnson & Johnson Add +40.2% 0.26% +0.11
RNTX Rein Therapeutics Inc. New 0.10% +0.10
NVDA Nvidia Corp. New 0.10% +0.10
EAF Graftech International Ltd. New 0.10% +0.10
LSPD Lightspeed Commerce Inc. Add +50.0% 0.72% +0.09
HON Honeywell International Inc. Add +1.4% 0.50% +0.09
ABR Arbor Realty Trust Inc. Add +38.7% 0.29% +0.09
PAR Par Technology Corp. Add +220.0% 0.47% +0.08
TXN Texas Instruments Inc. Add +3.9% 0.45% +0.07

Options Activity Q4 2025 → Q1 2026
GPN Global Payments Inc. call Add +5.7% 37,000 $2.5M
PANW Palo Alto Networks Inc. call New 7,500 $1.2M
NOW ServiceNow Inc. call New 10,000 $1.0M
DKS Dick's Sporting Goods Inc. call Sold out 5,000 $990Kbefore exit
PLTR Palantir Technologies Inc. Class A put Sold out 5,000 $889Kbefore exit
GDXJ Vaneck Junior Gold Miners put Sold out 6,500 $740Kbefore exit
CRCL Circle Internet Group Inc. call New 7,500 $716K
SNOW Snowflake Inc. call New 4,000 $603K
QTUM Defiance Quantum ETF put Sold out 5,000 $548Kbefore exit
COIN Coinbase Global Inc. Class A call New 3,000 $524K
CAVA Cava Group Inc. call New 5,000 $405K
TEAM Atlassian Corp. Class A call New 5,000 $341K
QURE Uniqure NV call New 20,000 $327K
STRL Sterling Infrastructure Inc. call Sold out 1,000 $306Kbefore exit
PCOR Procore Technologies Inc. call New 5,000 $285K
MPT Medical Properties Trust Inc. call New 60,000 $278K
IREN Iren Ltd. put Sold out 7,000 $264Kbefore exit
APLD Applied Digital Corp. call Sold out 10,000 $245Kbefore exit
FRMI Fermi Inc. call New 40,000 $234K
BRRR Coinshares Bitcoin ETF put Sold out 5,000 $191Kbefore exit

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

Notes & Other Activity Q4 2025 → Q1 2026
LIVEPERSON INC (LPSN 0 12/15/26) NOTE 12/1 · principal New 3,900,000 $2.6M
BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) 5.5 CUM CV PFD B Reduce -13.8% 73,867 $1.1M

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