Parkwood LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Parkwood LLC reported 93 stock positions worth $1.2 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 9.4% of the portfolio, followed by Vanguard Ftse Emerging Marke (VWO, 5.4%) and Meta Platforms Class A (META, 3.1%). Compared with Q3 2025, it opened 33 new positions, sold out of 21, added to 38 and reduced 8. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +1014%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- CLEVELAND, OH
- CIK
- 0001597823
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001597823-26-000003 ↗ filed Feb 17, 2026
Holdings Value
Holdings 93 stocks · $1.2B
| VTI VG Morningstar TS MKT ETF-US | 9.39% | 329,545 | $110.5M | Reduce -18.9% |
| VWO Vanguard Ftse Emerging Marke | 5.44% | 1,190,229 | $64.0M | No change |
| META Meta Platforms Inc. Class A | 3.07% | 54,809 | $36.2M | Add +47.9% |
| TSM Taiwan Semiconductor-SP ADR | 2.65% | 102,605 | $31.2M | Add +86.2% |
| AXON Axon Enterprise Inc. | 2.43% | 50,414 | $28.6M | Add +31.8% |
| APH Amphenol Corp. Class A | 2.42% | 210,369 | $28.4M | Add +68.9% |
| GOOG Alphabet Inc. Class C | 2.36% | 88,556 | $27.8M | Add +1.5% |
| SHOP Shopify Inc. Class A | 2.30% | 168,187 | $27.1M | Add +41.3% |
| AMZN Amazon.com Inc. | 2.24% | 114,071 | $26.3M | Add +11.5% |
| ELV Elevance Health Inc. | 2.17% | 72,785 | $25.5M | Add +34.7% |
| NVDA Nvidia Corp. | 2.03% | 128,310 | $23.9M | Add +64.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.93% | 248,100 | $22.7M | Add +1014.0% |
| SNX TD Synnex Corp. | 1.82% | 142,920 | $21.5M | Add +7.8% |
| NET Cloudflare Inc. Class A | 1.78% | 106,014 | $20.9M | Add +20.8% |
| OMF Onemain Holdings Inc. | 1.73% | 301,444 | $20.4M | Add +0.6% |
| NVS Novartis AG-Sponsored ADR | 1.73% | 147,260 | $20.3M | Add +10.8% |
| IBIT iShares Bitcoin Trust ETF | 1.66% | 394,000 | $19.6M | Add +33.1% |
| CDNS Cadence Design SYS Inc. | 1.65% | 61,932 | $19.4M | Add +25.5% |
| AAP Advance Auto Parts Inc. | 1.64% | 492,357 | $19.4M | Add +26.9% |
| DASH DoorDash Inc. Class A | 1.64% | 85,088 | $19.3M | Add +45.6% |
| PM Philip Morris International | 1.56% | 114,608 | $18.4M | Add +13.1% |
| LRCX Lam Research Corp. | 1.48% | 101,512 | $17.4M | Reduce -2.4% |
| WTW Willis Towers Watson PLC | 1.40% | 50,112 | $16.5M | New |
| VEA Vanguard Ftse Developed ETF | 1.39% | 262,127 | $16.4M | No change |
| STX Seagate Technology Holdings | 1.39% | 59,374 | $16.4M | New |
| UBER Uber Technologies Inc. | 1.35% | 193,771 | $15.8M | Add +27.4% |
| SPGI S&P Global Inc. | 1.25% | 28,142 | $14.7M | New |
| C Citigroup Inc. | 1.23% | 124,341 | $14.5M | Add +10.1% |
| MELI MercadoLibre Inc. | 1.18% | 6,907 | $13.9M | Add +19.5% |
| PGR Progressive Corp. | 1.17% | 60,213 | $13.7M | Add +28.9% |
| AEVA Aeva Technologies Inc. | 1.16% | 1,030,627 | $13.7M | No change |
| CVS CVS Health Corp. | 1.13% | 168,274 | $13.4M | Reduce -5.6% |
| MA Mastercard Inc. Class A | 1.12% | 23,136 | $13.2M | New |
| TLN Talen Energy Corp. | 1.11% | 34,964 | $13.1M | New |
| SPOT Spotify Technology SA | 1.11% | 22,425 | $13.0M | Add +9.9% |
| WDC Western Digital Corp. | 1.09% | 74,540 | $12.8M | New |
| SLM SLM Corp. | 1.09% | 474,337 | $12.8M | Add +6.5% |
| USFD US Foods Holding Corp. | 1.05% | 164,766 | $12.4M | New |
| BAX Baxter International Inc. | 1.01% | 619,824 | $11.8M | New |
| ROP Roper Technologies Inc. | 1.00% | 26,446 | $11.8M | Add +61.0% |
| ETH Grayscale Ethereum Staking M | 0.97% | 408,000 | $11.4M | New |
| SPB Spectrum Brands Holdings Inc. | 0.96% | 191,914 | $11.3M | New |
| AN Autonation Inc. | 0.95% | 54,389 | $11.2M | Add +20.9% |
| GLUE Monte Rosa Therapeutics Inc. | 0.94% | 708,000 | $11.1M | No change |
| TDG Transdigm Group Inc. | 0.93% | 8,193 | $10.9M | New |
| TXN Texas Instruments Inc. | 0.91% | 61,408 | $10.7M | Add +32.6% |
| MSFT Microsoft Corp. | 0.89% | 21,739 | $10.5M | Reduce -25.5% |
| ACGL Arch Capital Group Ltd. | 0.88% | 107,792 | $10.3M | Add +7.5% |
| APO Apollo Global Management Inc. | 0.86% | 70,112 | $10.1M | No change |
| CB Chubb Ltd. | 0.82% | 30,919 | $9.7M | Add +27.4% |
| ENB Enbridge Inc. | 0.82% | 201,624 | $9.6M | Add +23.9% |
| MPLX MPLX LP | 0.77% | 169,976 | $9.1M | Add +1.9% |
| PBR Petroleo Brasileiro-Spon ADR | 0.77% | 760,484 | $9.0M | Add +28.1% |
| BLDR Builders Firstsource Inc. | 0.75% | 86,167 | $8.9M | Add +44.9% |
| LEN Lennar Corp. Class A | 0.75% | 85,719 | $8.8M | Add +24.4% |
| CPNG Coupang Inc. | 0.74% | 368,485 | $8.7M | Add +24.4% |
| PRI Primerica Inc. | 0.73% | 33,247 | $8.6M | Add +0.9% |
| TTE Totalenergies SE | 0.69% | 123,433 | $8.1M | Add +17.4% |
| FNF Fidelity National Financial | 0.68% | 146,854 | $8.0M | New |
| TIC Tic Solutions Inc. | 0.68% | 791,000 | $8.0M | New |
| DDOG Datadog Inc. Class A | 0.65% | 56,109 | $7.6M | Reduce -17.4% |
| HQY Healthequity Inc. | 0.62% | 79,018 | $7.2M | New |
| CORZ Core Scientific Inc. | 0.57% | 460,000 | $6.7M | Reduce -34.3% |
| KWEB Kranesh Csi China Internet | 0.52% | 179,000 | $6.1M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.52% | 12,993 | $6.1M | New |
| GRMN Garmin Ltd. | 0.47% | 27,523 | $5.6M | New |
| TSLA Tesla Inc. | 0.45% | 11,655 | $5.2M | Reduce -2.1% |
| ONL Orion Properties Inc. | 0.37% | 1,940,000 | $4.4M | No change |
| ARKK ARK Innovation ETF | 0.35% | 53,300 | $4.1M | No change |
| TSLX Sixth Street Specialty Lendi | 0.34% | 184,819 | $4.0M | No change |
| MNDY Monday.com Ltd. | 0.34% | 27,148 | $4.0M | Reduce -23.3% |
| ARCC Ares Capital Corp. | 0.31% | 178,402 | $3.6M | No change |
| BXSL Blackstone Secured Lending F | 0.29% | 127,638 | $3.4M | No change |
| FSK FS KKR Capital Corp. | 0.24% | 187,500 | $2.8M | No change |
| CEG Constellation Energy | 0.12% | 4,126 | $1.5M | New |
| APP AppLovin Corp. Class A | 0.12% | 2,116 | $1.4M | New |
| GEV GE Vernova Inc. | 0.12% | 2,178 | $1.4M | New |
| CLS Celestica Inc. | 0.10% | 3,955 | $1.2M | New |
| AVGO Broadcom Inc. | 0.09% | 3,167 | $1.1M | New |
| VST Vistra Corp. | 0.09% | 6,321 | $1.0M | New |
| NRG NRG Energy Inc. | 0.06% | 4,598 | $732K | New |
| RBLX Roblox Corp. Class A | 0.06% | 8,391 | $680K | New |
| FIX Comfort Systems USA Inc. | 0.05% | 673 | $628K | New |
| PWR Quanta Services Inc. | 0.05% | 1,399 | $590K | New |
| HUBB Hubbell Inc. | 0.05% | 1,219 | $541K | New |
| EME Emcor Group Inc. | 0.05% | 869 | $532K | New |
| BE Bloom Energy Corp. Class A | 0.04% | 5,978 | $519K | New |
| ETN Eaton Corp. PLC | 0.04% | 1,504 | $479K | New |
| HOOD Robinhood Markets Inc. Class A | 0.04% | 4,123 | $466K | New |
| FG F&G Annuities & Life Inc. | 0.02% | 9,012 | $278K | New |
| LTCH Latch Inc. | 0.01% | 998,286 | $150K | No change |
| FUSE Fusemachines Inc. | 0.01% | 36,817 | $61K | New |
| SHPWQ Shapeways Holdings Inc. | 0.00% | 159,657 | $0 | No change |
Options reported separately and not counted above: KWEB calls ($88.5M), TLT calls ($26.1M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $41K (not counted above)
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q3 2025 → Q4 2025
| VTI VG Morningstar TS MKT ETF-US | Reduce -18.9% | 9.39% | −3.62 |
| CNQ Canadian Natural Resources | Sold out | 0.00% | −2.04 |
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −1.20 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −1.08 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −1.07 |
| DG Dollar General Corp. | Sold out | 0.00% | −1.03 |
| MRP Millrose Properties | Sold out | 0.00% | −0.88 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.86 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.82 |
| UHAL U-Haul Holding Co. | Sold out | 0.00% | −0.76 |
| FOX Fox Corp. Class B | Sold out | 0.00% | −0.73 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.70 |
| CORZ Core Scientific Inc. | Reduce -34.3% | 0.57% | −0.66 |
| MSFT Microsoft Corp. | Reduce -25.5% | 0.89% | −0.58 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.52 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.49 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.45 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.39 |
| MNDY Monday.com Ltd. | Reduce -23.3% | 0.34% | −0.33 |
| DDOG Datadog Inc. Class A | Reduce -17.4% | 0.65% | −0.29 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.28 |
| DAWN Day One Biopharmaceuticals I | Sold out | 0.00% | −0.19 |
| CVS CVS Health Corp. | Reduce -5.6% | 1.13% | −0.18 |
| BYND Beyond Meat Inc. | Sold out | 0.00% | −0.10 |
| TSLA Tesla Inc. | Reduce -2.1% | 0.45% | −0.07 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.04 |
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −0.03 |
| REPX Riley Exploration Permian Inc. | Sold out | 0.00% | −0.01 |
| LRCX Lam Research Corp. | Reduce -2.4% | 1.48% | +0.12 |
Portfolio Buys Q3 2025 → Q4 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +1014.0% | 1.93% | +1.73 |
| WTW Willis Towers Watson PLC | New | 1.40% | +1.40 |
| STX Seagate Technology Holdings | New | 1.39% | +1.39 |
| SPGI S&P Global Inc. | New | 1.25% | +1.25 |
| TSM Taiwan Semiconductor-SP ADR | Add +86.2% | 2.65% | +1.15 |
| MA Mastercard Inc. Class A | New | 1.12% | +1.12 |
| TLN Talen Energy Corp. | New | 1.11% | +1.11 |
| WDC Western Digital Corp. | New | 1.09% | +1.09 |
| USFD US Foods Holding Corp. | New | 1.05% | +1.05 |
| BAX Baxter International Inc. | New | 1.01% | +1.01 |
| ETH Grayscale Ethereum Staking M | New | 0.97% | +0.97 |
| SPB Spectrum Brands Holdings Inc. | New | 0.96% | +0.96 |
| TDG Transdigm Group Inc. | New | 0.93% | +0.93 |
| APH Amphenol Corp. Class A | Add +68.9% | 2.42% | +0.91 |
| FNF Fidelity National Financial | New | 0.68% | +0.68 |
| TIC Tic Solutions Inc. | New | 0.68% | +0.68 |
| HQY Healthequity Inc. | New | 0.62% | +0.62 |
| NVDA Nvidia Corp. | Add +64.0% | 2.03% | +0.61 |
| SHOP Shopify Inc. Class A | Add +41.3% | 2.30% | +0.58 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.52% | +0.52 |
| GRMN Garmin Ltd. | New | 0.47% | +0.47 |
| ELV Elevance Health Inc. | Add +34.7% | 2.17% | +0.47 |
| META Meta Platforms Inc. Class A | Add +47.9% | 3.07% | +0.42 |
| GOOG Alphabet Inc. Class C | Add +1.5% | 2.36% | +0.29 |
| ROP Roper Technologies Inc. | Add +61.0% | 1.00% | +0.20 |
| CB Chubb Ltd. | Add +27.4% | 0.82% | +0.15 |
| CEG Constellation Energy | New | 0.12% | +0.12 |
| APP AppLovin Corp. Class A | New | 0.12% | +0.12 |
| GEV GE Vernova Inc. | New | 0.12% | +0.12 |
| C Citigroup Inc. | Add +10.1% | 1.23% | +0.11 |
| CLS Celestica Inc. | New | 0.10% | +0.10 |
| AVGO Broadcom Inc. | New | 0.09% | +0.09 |
| DASH DoorDash Inc. Class A | Add +45.6% | 1.64% | +0.09 |
| VST Vistra Corp. | New | 0.09% | +0.09 |
| OMF Onemain Holdings Inc. | Add +0.6% | 1.73% | +0.08 |
| TXN Texas Instruments Inc. | Add +32.6% | 0.91% | +0.08 |
| TTE Totalenergies SE | Add +17.4% | 0.69% | +0.07 |
| NVS Novartis AG-Sponsored ADR | Add +10.8% | 1.73% | +0.06 |
| NRG NRG Energy Inc. | New | 0.06% | +0.06 |
| RBLX Roblox Corp. Class A | New | 0.06% | +0.06 |
| FIX Comfort Systems USA Inc. | New | 0.05% | +0.05 |
| PWR Quanta Services Inc. | New | 0.05% | +0.05 |
| BLDR Builders Firstsource Inc. | Add +44.9% | 0.75% | +0.05 |
| AMZN Amazon.com Inc. | Add +11.5% | 2.24% | +0.05 |
| HUBB Hubbell Inc. | New | 0.05% | +0.05 |
| EME Emcor Group Inc. | New | 0.05% | +0.05 |
| BE Bloom Energy Corp. Class A | New | 0.04% | +0.04 |
| ETN Eaton Corp. PLC | New | 0.04% | +0.04 |
| PGR Progressive Corp. | Add +28.9% | 1.17% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | New | 0.04% | +0.04 |
Options Activity Q3 2025 → Q4 2025
| KWEB Kranesh Csi China Internet | call | New | 2,600,000 | $88.5M |
| XBI SS SPDR S&P Biotech ETF | call | Sold out | 460,000 | $46.1Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| CSLRF Consilium Acquisition -Right | RIGHT 99/99/9999 | Sold out | 368,176 | $81Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 70 | $1.4B | ACWI, RSP, VWO, GOOG, TSM |
| Q1 2026 | 85 | $1.1B | RSP, VWO, EEM, TSM, NVDA |
| Q4 2025 | 93 | $1.2B | VTI, VWO, META, TSM, AXON |
| Q3 2025 | 81 | $1.0B | VTI, VWO, AXON, META, AAP |
| Q2 2025 | 79 | $1.1B | VTI, VWO, AEVA, TSM, PM |
| Q1 2025 | 77 | $1.0B | VTI, NVO, JPM, PGR, MSFT |
| Q4 2024 | 80 | $812.2M | VTI, NVO, GOOG, VT, ELV |
| Q3 2024 | 75 | $821.7M | VTI, AMZN, NVO, RBLX, MSFT |
| Q2 2024 | 124 | $803.9M | VTI, NVO, BIL, AMZN, ELV |
| Q1 2024 | 168 | $956.7M | VTI, BIL, NVO, META, ELV |