Ping Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 21, 2025), Ping Capital Management, Inc. reported 51 stock positions worth $176.7 million. Its top holding was YPF S.A.-Sponsored ADR (YPF) at 26.4% of the portfolio, followed by Grupo Financiero Galicia-ADR (GGAL, 10.9%) and Kranesh Csi China Internet (KWEB, 8.6%). Compared with Q1 2025, it opened 10 new positions, sold out of 24, added to 25 and reduced 12. The biggest buy was YPF S.A.-Sponsored ADR (YPF, shares +89%) and the biggest sale Grupo Financiero Galicia-ADR (GGAL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001804352
- Portfolio Value
- $176.7M (Q2 2025)
- SEC Filing
- 0001722053-25-000006 ↗ filed Jul 21, 2025
Holdings Value
Holdings 51 stocks · $176.7M
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 26.39% | 1,482,200 | $46.6M | Add +88.9% |
| GGAL Grupo Financiero Galicia-ADR | 10.86% | 380,859 | $19.2M | Reduce -0.1% |
| KWEB Kranesh Csi China Internet | 8.55% | 440,000 | $15.1M | Reduce -4.7% |
| QQQ Invesco QQQ Trust Series 1 | 7.06% | 22,600 | $12.5M | Add +30.6% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 6.95% | 745,900 | $12.3M | Add +6.5% |
| BMA Banco Macro SA-ADR | 4.81% | 121,004 | $8.5M | Reduce -7.1% |
| EWZ iShares MSCI Brazil ETF | 4.34% | 265,800 | $7.7M | Add +42.9% |
| PAM Pampa Energia SA-Spon ADR | 2.99% | 76,200 | $5.3M | Add +74.9% |
| EWW iShares MSCI Mexico ETF | 2.46% | 71,800 | $4.3M | Add +205.5% |
| AAPL Apple Inc. | 1.99% | 17,100 | $3.5M | New |
| PBR Petroleo Brasileiro-Spon ADR | 1.66% | 235,000 | $2.9M | Add +179.8% |
| CHAU DD Csi 300 CH A SB 2X ETF-US | 1.57% | 187,000 | $2.8M | Add +120.0% |
| XOP SS SPDR S&P Og Exp & Prod | 1.57% | 22,000 | $2.8M | Add +120.0% |
| FXI iShares China Large-Cap ETF | 1.46% | 70,000 | $2.6M | Reduce -54.3% |
| YINN Direxion DLY Ftse CH BL3X-Ui | 1.32% | 57,000 | $2.3M | Add +1040.0% |
| SUPV Grupo Supervielle SA-SP ADR | 1.10% | 184,300 | $2.0M | Add +52.3% |
| CRESY Cresud S.A.-Spons ADR | 0.98% | 160,800 | $1.7M | Add +0.2% |
| IWM iShares Russell 2000 ETF | 0.92% | 7,500 | $1.6M | Reduce -12.8% |
| VIST Vista Energy Sab DE CV | 0.91% | 33,800 | $1.6M | Add +12.3% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.86% | 139,000 | $1.5M | Add +3.7% |
| TGS Transportador Gas-ADR SP B | 0.86% | 58,500 | $1.5M | Add +7.9% |
| CEPU Central Puerto-Sponsored ADR | 0.79% | 119,000 | $1.4M | Add +29.4% |
| XLE SS Energy Select Sector | 0.72% | 15,000 | $1.3M | New |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.68% | 86,200 | $1.2M | Reduce -4.4% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.67% | 21,700 | $1.2M | New |
| VALE Vale SA-SP ADR | 0.66% | 119,800 | $1.2M | Add +76.2% |
| ALB Albemarle Corp. | 0.58% | 16,400 | $1.0M | Add +124.7% |
| IBB iShares Biotechnology ETF | 0.57% | 8,000 | $1.0M | Add +14.3% |
| AGRO Adecoagro SA | 0.50% | 97,000 | $887K | Reduce -6.3% |
| GOOGL Alphabet Inc. Class A | 0.50% | 5,000 | $881K | Add +21.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.49% | 7,000 | $868K | Reduce -12.5% |
| MCD McDonald's Corp. | 0.43% | 2,600 | $760K | Add +23.8% |
| EDN Emp Distrib Y Comerc Nor-ADR filed as EMPRESA DIST Y COMERCIAL NOR | 0.41% | 27,400 | $726K | Add +7.9% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.39% | 34,000 | $689K | No change |
| XLV SS Health Care Select Sector | 0.31% | 4,000 | $539K | New |
| XBI SS SPDR S&P Biotech ETF | 0.28% | 6,000 | $498K | Add +5.3% |
| BP BP PLC-Spons ADR | 0.25% | 15,000 | $449K | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.25% | 32,100 | $440K | Reduce -0.6% |
| ARKG ARK Genomic Revolution ETF | 0.22% | 16,000 | $390K | Reduce -5.9% |
| PFE Pfizer Inc. | 0.21% | 15,000 | $364K | No change |
| EC Ecopetrol SA-Sponsored ADR | 0.20% | 39,000 | $345K | Add +8.3% |
| STM Stmicroelectronics NV-NY SHS | 0.17% | 10,000 | $304K | New |
| AMD Advanced Micro Devices | 0.16% | 2,000 | $284K | Reduce -33.3% |
| BIOX Bioceres Crop Solutions Corp. | 0.14% | 57,000 | $255K | No change |
| LAR Lithium Argentina AG | 0.14% | 120,920 | $252K | Add +141.8% |
| MSFT Microsoft Corp. | 0.14% | 500 | $249K | Reduce -58.3% |
| DAL Delta Air Lines Inc. | 0.14% | 5,000 | $246K | New |
| AAL American Airlines Group Inc. | 0.13% | 20,000 | $224K | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.12% | 500 | $220K | New |
| AMZN Amazon.com Inc. | 0.12% | 1,000 | $219K | New |
| LAC Lithium Americas Corp. | 0.02% | 10,000 | $27K | No change |
Options reported separately and not counted above: INVESCO QQQ TR calls ($100.2M), APPLE INC calls ($44.6M), ALPHABET INC calls ($25.9M), STATE STR SPDR S&P 500 ETF T puts ($18.5M), INVESCO QQQ TR puts ($8.7M), MICROSOFT CORP calls ($8.4M), UNITEDHEALTH GROUP INC calls ($7.2M), APPLE INC puts ($5.6M), DBX ETF TR calls ($2.0M), TESLA INC puts ($1.7M), VANECK ETF TRUST puts ($1.6M), BOEING CO calls ($1.5M), and 11 more.
Portfolio Sells Q1 2025 → Q2 2025
| GGAL Grupo Financiero Galicia-ADR | Reduce -0.1% | 10.86% | −2.99 |
| KWEB Kranesh Csi China Internet | Reduce -4.7% | 8.55% | −2.20 |
| FXI iShares China Large-Cap ETF | Reduce -54.3% | 1.46% | −2.20 |
| BMA Banco Macro SA-ADR | Reduce -7.1% | 4.81% | −1.75 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −1.16 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.87 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.86 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.82 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.71 |
| BA The Boeing Co. | Sold out | 0.00% | −0.57 |
| APA Apa Corp. | Sold out | 0.00% | −0.53 |
| BILI Bilibili Inc.-Sponsored ADR | Sold out | 0.00% | −0.51 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.50 |
| VIPS Vipshop Holdings Ltd. - ADR | Sold out | 0.00% | −0.42 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.35 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.33 |
| AGRO Adecoagro SA | Reduce -6.3% | 0.50% | −0.27 |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | Sold out | 0.00% | −0.25 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.24 |
| IWM iShares Russell 2000 ETF | Reduce -12.8% | 0.92% | −0.23 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.22 |
| ZTO Zto Express Cayman Inc.-ADR | Sold out | 0.00% | −0.21 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.21 |
| NIO Nio Inc. - ADR | Sold out | 0.00% | −0.20 |
| ATHM Autohome Inc.-ADR | Sold out | 0.00% | −0.18 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.16 |
| MSFT Microsoft Corp. | Reduce -58.3% | 0.14% | −0.16 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.16 |
| EWA iShares MSCI Australia ETF | Sold out | 0.00% | −0.16 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.15 |
| IRS Irsa -SP ADR | Reduce -4.4% | 0.68% | −0.10 |
| IQ Iqiyi Inc.-ADR | Sold out | 0.00% | −0.06 |
| AMD Advanced Micro Devices | Reduce -33.3% | 0.16% | −0.04 |
| DIS The Walt Disney Co. | Reduce -12.5% | 0.49% | −0.04 |
| ARKG ARK Genomic Revolution ETF | Reduce -5.9% | 0.22% | −0.01 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -0.6% | 0.25% | +0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| YPF YPF S.A.-Sponsored ADR | Add +88.9% | 26.39% | +8.05 |
| AAPL Apple Inc. | New | 1.99% | +1.99 |
| EWW iShares MSCI Mexico ETF | Add +205.5% | 2.46% | +1.66 |
| QQQ Invesco QQQ Trust Series 1 | Add +30.6% | 7.06% | +1.65 |
| YINN Direxion DLY Ftse CH BL3X-Ui | Add +1040.0% | 1.32% | +1.18 |
| EWZ iShares MSCI Brazil ETF | Add +42.9% | 4.34% | +1.13 |
| PBR Petroleo Brasileiro-Spon ADR | Add +179.8% | 1.66% | +0.86 |
| CHAU DD Csi 300 CH A SB 2X ETF-US | Add +120.0% | 1.57% | +0.76 |
| PAM Pampa Energia SA-Spon ADR | Add +74.9% | 2.99% | +0.75 |
| XLE SS Energy Select Sector | New | 0.72% | +0.72 |
| XOP SS SPDR S&P Og Exp & Prod | Add +120.0% | 1.57% | +0.69 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.67% | +0.67 |
| XLV SS Health Care Select Sector | New | 0.31% | +0.31 |
| BP BP PLC-Spons ADR | New | 0.25% | +0.25 |
| ALB Albemarle Corp. | Add +124.7% | 0.58% | +0.23 |
| VALE Vale SA-SP ADR | Add +76.2% | 0.66% | +0.21 |
| STM Stmicroelectronics NV-NY SHS | New | 0.17% | +0.17 |
| DAL Delta Air Lines Inc. | New | 0.14% | +0.14 |
| AAL American Airlines Group Inc. | New | 0.13% | +0.13 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.12% | +0.12 |
| AMZN Amazon.com Inc. | New | 0.12% | +0.12 |
| CEPU Central Puerto-Sponsored ADR | Add +29.4% | 0.79% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +21.9% | 0.50% | +0.08 |
| LAR Lithium Argentina AG | Add +141.8% | 0.14% | +0.07 |
| SUPV Grupo Supervielle SA-SP ADR | Add +52.3% | 1.10% | +0.05 |
| MCD McDonald's Corp. | Add +23.8% | 0.43% | −0.01 |
| VIST Vista Energy Sab DE CV | Add +12.3% | 0.91% | −0.02 |
| IBB iShares Biotechnology ETF | Add +14.3% | 0.57% | −0.02 |
| XBI SS SPDR S&P Biotech ETF | Add +5.3% | 0.28% | −0.03 |
| EC Ecopetrol SA-Sponsored ADR | Add +8.3% | 0.20% | −0.06 |
| TGS Transportador Gas-ADR SP B | Add +7.9% | 0.86% | −0.10 |
| EDN Emp Distrib Y Comerc Nor-ADR | Add +7.9% | 0.41% | −0.11 |
| LOMA Loma Negra Cia Ind-Spon ADR | Add +3.7% | 0.86% | −0.12 |
| CRESY Cresud S.A.-Spons ADR | Add +0.2% | 0.98% | −0.20 |
| BBAR Bbva Argentina SA-ADR | Add +6.5% | 6.95% | −1.51 |
Options Activity Q1 2025 → Q2 2025
| INVESCO QQQ TR | call | Add +339.9% | 181,700 | $100.2M |
| APPLE INC | call | Add +177.9% | 217,600 | $44.6M |
| ALPHABET INC | call | Add +109.1% | 147,000 | $25.9M |
| STATE STR SPDR S&P 500 ETF T | put | Reduce -12.6% | 29,900 | $18.5M |
| INVESCO QQQ TR | put | Add +26.4% | 15,800 | $8.7M |
| MICROSOFT CORP | call | Add +181.7% | 16,900 | $8.4M |
| UNITEDHEALTH GROUP INC | call | Add +2200.0% | 23,000 | $7.2M |
| APPLE INC | put | Reduce -77.1% | 27,500 | $5.6M |
| DBX ETF TR | call | Reduce -21.0% | 71,300 | $2.0M |
| TESLA INC | put | Reduce -8.6% | 5,300 | $1.7M |
| VANECK ETF TRUST | put | New | 5,800 | $1.6M |
| STATE STR SPDR S&P 500 ETF T | call | Sold out | 2,700 | $1.5Mbefore exit |
| BOEING CO | call | Add +169.2% | 7,000 | $1.5M |
| ISHARES TR | call | Add +65.0% | 6,600 | $1.4M |
| NVIDIA CORPORATION | call | Reduce -71.4% | 8,200 | $1.3M |
| KRANESHARES TRUST | call | New | 30,000 | $1.0M |
| NVIDIA CORPORATION | put | Reduce -46.2% | 6,400 | $1.0M |
| BOEING CO | put | Sold out | 5,000 | $853Kbefore exit |
| AMAZON COM INC | call | Add +26.7% | 3,800 | $834K |
| TESLA INC | call | Reduce -85.6% | 2,400 | $762K |
| ADVANCED MICRO DEVICES INC | call | New | 4,500 | $639K |
| LOCKHEED MARTIN CORP | call | Reduce -33.3% | 1,000 | $463K |
| VANECK ETF TRUST | call | New | 1,400 | $390K |
| ISHARES INC | call | Sold out | 6,000 | $306Kbefore exit |
| ISHARES TR | call | New | 8,000 | $294K |
| ISHARES TR | put | New | 1,000 | $216K |
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 |