Ping Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Ping Capital Management, Inc. reported 57 stock positions worth $243.8 million. Its top holding was YPF S.A.-Sponsored ADR (YPF) at 36.4% of the portfolio, followed by Grupo Financiero Galicia-ADR (GGAL, 20.0%) and Bbva Argentina SA-ADR (BBAR, 8.8%). Compared with Q3 2024, it opened 10 new positions, sold out of 10, added to 28 and reduced 12. The biggest buy was Grupo Financiero Galicia-ADR (GGAL, shares +1%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001804352
- Portfolio Value
- $243.8M (Q4 2024)
- SEC Filing
- 0001804352-25-000001 ↗ filed Jan 27, 2025
Holdings Value
Holdings 57 stocks · $243.8M
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 36.44% | 2,089,700 | $88.8M | Reduce -18.3% |
| GGAL Grupo Financiero Galicia-ADR | 19.95% | 780,400 | $48.6M | Add +0.8% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 8.77% | 1,121,400 | $21.4M | Reduce -18.9% |
| BMA Banco Macro SA-ADR | 7.53% | 189,704 | $18.4M | Reduce -23.2% |
| KWEB Kranesh Csi China Internet | 4.60% | 383,600 | $11.2M | Add +25.8% |
| QQQ Invesco QQQ Trust Series 1 | 2.77% | 13,200 | $6.7M | Reduce -50.2% |
| SUPV Grupo Supervielle SA-SP ADR | 2.23% | 359,300 | $5.4M | Reduce -9.5% |
| FXI iShares China Large-Cap ETF | 2.05% | 164,000 | $5.0M | Add +61.6% |
| EWZ iShares MSCI Brazil ETF | 1.41% | 153,000 | $3.4M | Add +108.5% |
| CRESY Cresud S.A.-Spons ADR | 0.75% | 145,300 | $1.8M | Add +26.4% |
| IWM iShares Russell 2000 ETF | 0.73% | 8,000 | $1.8M | Reduce -25.9% |
| BABA Alibaba Group Holding-SP ADR | 0.70% | 20,000 | $1.7M | Add +400.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.58% | 2,400 | $1.4M | New |
| XOP SS SPDR S&P Og Exp & Prod | 0.54% | 10,000 | $1.3M | Add +66.7% |
| CEPU Central Puerto-Sponsored ADR | 0.51% | 86,000 | $1.2M | Add +4.9% |
| EDN Emp Distrib Y Comerc Nor-ADR filed as EMPRESA DIST Y COMERCIAL NOR | 0.50% | 28,400 | $1.2M | Reduce -38.8% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.49% | 101,000 | $1.2M | Reduce -6.5% |
| TGS Transportador Gas-ADR SP B | 0.47% | 38,800 | $1.1M | Add +4.9% |
| PBR Petroleo Brasileiro-Spon ADR | 0.42% | 80,000 | $1.0M | Add +50.7% |
| AGRO Adecoagro SA | 0.41% | 105,000 | $990K | Add +1.9% |
| JD Jd.com Inc.-ADR | 0.40% | 28,000 | $971K | Add +133.3% |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.39% | 64,000 | $956K | Add +27.2% |
| PDD PDD Holdings Inc. | 0.39% | 9,800 | $951K | New |
| EFA iShares MSCI Eafe ETF | 0.38% | 12,300 | $930K | Add +136.5% |
| IBB iShares Biotechnology ETF | 0.38% | 7,000 | $925K | Add +55.6% |
| EWW iShares MSCI Mexico ETF | 0.37% | 19,100 | $894K | Add +229.3% |
| BA The Boeing Co. | 0.36% | 5,000 | $885K | No change |
| BIDU Baidu Inc. - Spon ADR | 0.35% | 10,000 | $843K | Add +300.0% |
| OXY Occidental Petroleum Corp. | 0.30% | 15,000 | $741K | Add +7.1% |
| PAM Pampa Energia SA-Spon ADR | 0.28% | 7,900 | $695K | Reduce -47.3% |
| TSLA Tesla Inc. | 0.28% | 1,700 | $687K | Reduce -63.8% |
| LI Li Auto Inc. - ADR | 0.27% | 27,500 | $660K | Add +161.9% |
| VALE Vale SA-SP ADR | 0.27% | 74,000 | $656K | Add +76.2% |
| TLT iShares 20+ Year Treasury BD | 0.27% | 7,500 | $655K | New |
| BILI Bilibili Inc.-Sponsored ADR | 0.26% | 35,000 | $634K | Add +75.0% |
| BP BP PLC-Spons ADR | 0.24% | 20,000 | $591K | No change |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.24% | 32,000 | $589K | New |
| MCD McDonald's Corp. | 0.24% | 2,000 | $580K | No change |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.22% | 29,000 | $541K | No change |
| VIPS Vipshop Holdings Ltd. - ADR | 0.22% | 40,000 | $539K | New |
| NTES Netease Inc.-ADR | 0.20% | 5,500 | $491K | Add +120.0% |
| EC Ecopetrol SA-Sponsored ADR | 0.19% | 60,000 | $475K | Add +25.0% |
| PFE Pfizer Inc. | 0.16% | 15,000 | $398K | Add +7.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.16% | 3,500 | $390K | Reduce -7.9% |
| ARKG ARK Genomic Revolution ETF | 0.14% | 15,000 | $353K | Add +7.1% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.13% | 12,000 | $318K | New |
| ALB Albemarle Corp. | 0.12% | 3,500 | $301K | No change |
| FXE Invesco Currencyshares Euro | 0.12% | 3,000 | $287K | New |
| XBI SS SPDR S&P Biotech ETF | 0.11% | 3,000 | $270K | No change |
| BIOX Bioceres Crop Solutions Corp. | 0.11% | 44,000 | $268K | Add +7.3% |
| MSFT Microsoft Corp. | 0.10% | 600 | $253K | Reduce -88.0% |
| BHP BHP Group Ltd.-Spon ADR | 0.10% | 5,000 | $244K | No change |
| EWA iShares MSCI Australia ETF | 0.10% | 10,000 | $239K | New |
| APA Apa Corp. | 0.09% | 10,000 | $231K | New |
| AMD Advanced Micro Devices | 0.09% | 1,800 | $217K | Add +20.0% |
| EWY iShares MSCI South Korea ETF | 0.08% | 4,000 | $204K | New |
| LAR Lithium Americas Argentina C | 0.02% | 15,000 | $39K | Add +36.4% |
Options reported separately and not counted above: APPLE INC calls ($43.8M), INVESCO QQQ TR calls ($42.6M), STATE STR SPDR S&P 500 ETF T puts ($24.1M), APPLE INC puts ($11.8M), INVESCO QQQ TR puts ($8.4M), ALPHABET INC calls ($8.4M), STATE STR SPDR S&P 500 ETF T calls ($8.3M), VANECK ETF TRUST puts ($3.2M), TESLA INC puts ($3.0M), BOEING CO calls ($3.0M), PDD HOLDINGS INC calls ($1.9M), MICROSOFT CORP calls ($1.5M), and 15 more.
Portfolio Sells Q3 2024 → Q4 2024
| QQQ Invesco QQQ Trust Series 1 | Reduce -50.2% | 2.77% | −4.43 |
| BMA Banco Macro SA-ADR | Reduce -23.2% | 7.53% | −1.20 |
| MSFT Microsoft Corp. | Reduce -88.0% | 0.10% | −1.09 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.04 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.87 |
| IWM iShares Russell 2000 ETF | Reduce -25.9% | 0.73% | −0.60 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.46 |
| C Citigroup Inc. | Sold out | 0.00% | −0.42 |
| TSLA Tesla Inc. | Reduce -63.8% | 0.28% | −0.40 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −0.29 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.27 |
| PAM Pampa Energia SA-Spon ADR | Reduce -47.3% | 0.28% | −0.22 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.13 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.11 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.09 |
| F Ford Motor Co. | Sold out | 0.00% | −0.09 |
| EDN Emp Distrib Y Comerc Nor-ADR | Reduce -38.8% | 0.50% | −0.07 |
| DIS The Walt Disney Co. | Reduce -7.9% | 0.16% | −0.04 |
| LOMA Loma Negra Cia Ind-Spon ADR | Reduce -6.5% | 0.49% | +0.01 |
| SUPV Grupo Supervielle SA-SP ADR | Reduce -9.5% | 2.23% | +0.66 |
| BBAR Bbva Argentina SA-ADR | Reduce -18.9% | 8.77% | +0.79 |
| YPF YPF S.A.-Sponsored ADR | Reduce -18.3% | 36.44% | +6.26 |
Portfolio Buys Q3 2024 → Q4 2024
| GGAL Grupo Financiero Galicia-ADR | Add +0.8% | 19.95% | +1.83 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.58% | +0.58 |
| BABA Alibaba Group Holding-SP ADR | Add +400.0% | 0.70% | +0.46 |
| PDD PDD Holdings Inc. | New | 0.39% | +0.39 |
| TLT iShares 20+ Year Treasury BD | New | 0.27% | +0.27 |
| FXI iShares China Large-Cap ETF | Add +61.6% | 2.05% | +0.25 |
| BEKE Ke Holdings Inc.-ADR | New | 0.24% | +0.24 |
| VIPS Vipshop Holdings Ltd. - ADR | New | 0.22% | +0.22 |
| EWZ iShares MSCI Brazil ETF | Add +108.5% | 1.41% | +0.21 |
| CRESY Cresud S.A.-Spons ADR | Add +26.4% | 0.75% | +0.20 |
| BIDU Baidu Inc. - Spon ADR | Add +300.0% | 0.35% | +0.20 |
| EWW iShares MSCI Mexico ETF | Add +229.3% | 0.37% | +0.19 |
| EFA iShares MSCI Eafe ETF | Add +136.5% | 0.38% | +0.14 |
| JD Jd.com Inc.-ADR | Add +133.3% | 0.40% | +0.13 |
| ASHR Xtrackers Harvest Csi 300 CH | New | 0.13% | +0.13 |
| LI Li Auto Inc. - ADR | Add +161.9% | 0.27% | +0.12 |
| FXE Invesco Currencyshares Euro | New | 0.12% | +0.12 |
| XOP SS SPDR S&P Og Exp & Prod | Add +66.7% | 0.54% | +0.10 |
| EWA iShares MSCI Australia ETF | New | 0.10% | +0.10 |
| APA Apa Corp. | New | 0.09% | +0.09 |
| TGS Transportador Gas-ADR SP B | Add +4.9% | 0.47% | +0.09 |
| EWY iShares MSCI South Korea ETF | New | 0.08% | +0.08 |
| CEPU Central Puerto-Sponsored ADR | Add +4.9% | 0.51% | +0.08 |
| IRS Irsa -SP ADR | Add +27.2% | 0.39% | +0.07 |
| NTES Netease Inc.-ADR | Add +120.0% | 0.20% | +0.07 |
| IBB iShares Biotechnology ETF | Add +55.6% | 0.38% | +0.02 |
| BILI Bilibili Inc.-Sponsored ADR | Add +75.0% | 0.26% | −0.00 |
| PBR Petroleo Brasileiro-Spon ADR | Add +50.7% | 0.42% | −0.00 |
| VALE Vale SA-SP ADR | Add +76.2% | 0.27% | −0.00 |
| LAR Lithium Americas Argentina C | Add +36.4% | 0.02% | −0.00 |
| EC Ecopetrol SA-Sponsored ADR | Add +25.0% | 0.19% | −0.04 |
| AMD Advanced Micro Devices | Add +20.0% | 0.09% | −0.05 |
| ARKG ARK Genomic Revolution ETF | Add +7.1% | 0.14% | −0.05 |
| PFE Pfizer Inc. | Add +7.1% | 0.16% | −0.06 |
| BIOX Bioceres Crop Solutions Corp. | Add +7.3% | 0.11% | −0.07 |
| OXY Occidental Petroleum Corp. | Add +7.1% | 0.30% | −0.10 |
| AGRO Adecoagro SA | Add +1.9% | 0.41% | −0.23 |
| KWEB Kranesh Csi China Internet | Add +25.8% | 4.60% | −1.17 |
Options Activity Q3 2024 → Q4 2024
| APPLE INC | call | Add +23.7% | 175,100 | $43.8M |
| INVESCO QQQ TR | call | Reduce -9.0% | 83,300 | $42.6M |
| STATE STR SPDR S&P 500 ETF T | put | Add +23.8% | 41,100 | $24.1M |
| APPLE INC | put | Reduce -1.3% | 47,100 | $11.8M |
| INVESCO QQQ TR | put | Add +17.0% | 16,500 | $8.4M |
| ALPHABET INC | call | Reduce -26.0% | 44,400 | $8.4M |
| STATE STR SPDR S&P 500 ETF T | call | Reduce -56.2% | 14,100 | $8.3M |
| VANECK ETF TRUST | put | Reduce -7.1% | 13,100 | $3.2M |
| TESLA INC | put | Add +316.7% | 7,500 | $3.0M |
| BOEING CO | call | Reduce -22.3% | 17,100 | $3.0M |
| ALPHABET INC | put | Sold out | 15,000 | $2.5Mbefore exit |
| PDD HOLDINGS INC | call | New | 20,000 | $1.9M |
| MICROSOFT CORP | call | Reduce -40.7% | 3,500 | $1.5M |
| GRUPO FINANCIERO GALICIA S.A | call | Add +79.8% | 18,700 | $1.2M |
| TESLA INC | call | Reduce -25.8% | 2,300 | $929K |
| ALIBABA GROUP HLDG LTD | call | New | 10,000 | $848K |
| ISHARES TR | call | Reduce -55.8% | 3,400 | $751K |
| NVIDIA CORPORATION | put | Reduce -91.4% | 5,400 | $725K |
| YPF SOCIEDAD ANONIMA | put | New | 15,600 | $663K |
| ISHARES TR | put | Reduce -3.9% | 2,500 | $552K |
| DBX ETF TR | call | Reduce -4.8% | 20,000 | $529K |
| DEERE & CO | call | Sold out | 1,000 | $417Kbefore exit |
| AMAZON COM INC | call | Reduce -60.4% | 1,900 | $417K |
| NVIDIA CORPORATION | call | Reduce -89.8% | 2,900 | $389K |
| ISHARES TR | call | Sold out | 10,500 | $334Kbefore exit |
| META PLATFORMS INC | put | Reduce -33.3% | 400 | $234K |
| MICRON TECHNOLOGY INC | call | Sold out | 2,200 | $228Kbefore exit |
| ISHARES INC | call | New | 10,000 | $225K |
| AMAZON COM INC | put | Reduce -90.1% | 1,000 | $219K |
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 | 69 | $308.1M | YPF, GGAL, BBAR, PAM, KWEB |
| Q1 2026 | 66 | $258.5M | YPF, PAM, BBAR, GGAL, KWEB |
| Q4 2025 | 54 | $251.0M | YPF, GGAL, PAM, KWEB, FXI |
| Q3 2025 | 50 | $166.1M | YPF, PAM, GGAL, KWEB, BBAR |
| Q2 2025 | 51 | $176.7M | YPF, GGAL, KWEB, QQQ, BBAR |
| Q1 2025 | 65 | $149.9M | YPF, GGAL, KWEB, BBAR, BMA |
| Q4 2024 | 57 | $243.8M | YPF, GGAL, BBAR, BMA, KWEB |
| Q3 2024 | 57 | $179.8M | YPF, GGAL, BMA, BBAR, QQQ |
| Q2 2024 | 52 | $159.6M | YPF, GGAL, BMA, BBAR, AAPL |