Potrero Capital Research LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Potrero Capital Research LLC reported 25 stock positions worth $236.4 million . Its top holding was Transalta (TAC) at 13.9% of the portfolio, followed by Zuora Class A (ZUO, 9.3% ) and GE Vernova (GEV, 7.8% ). Compared with Q3 2024, it opened 2 new positions, sold out of 11, added to 4 and reduced 12. The biggest buy was Transalta (TAC, shares +373% ) and the biggest sale an exit from Capri (CPRI).
Location SAN FRANCISCO, CA
CIK 0001536630
Portfolio Value $236.4M (Q4 2024) Holdings 25 stocks · $236.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 TAC Transalta Corp. 2,323,944 $32.9M Add +373.2% ZUO Zuora Inc. Class A 2,226,538 $22.1M Reduce -24.5% GEV GE Vernova Inc. 56,130 $18.5M Reduce -44.6% DBRG Digitalbridge Group Inc. 1,460,626 $16.5M Add +2.2% YEXT Yext Inc. 2,580,340 $16.4M Reduce -24.2% MSFT Microsoft Corp. 38,694 $16.3M No change BSTZ BlackRock Sci & Tech TRM TR 705,633 $14.6M Reduce -9.4% FLR Fluor Corp. 286,192 $14.1M New BARK Bark Inc. 7,136,537 $13.1M Reduce -2.5% BELFB Bel Fuse Inc. Class B 145,986 $12.0M Add +107.1% CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC 1,719,429 $10.5M No change ADX Adams Diversified Equity 442,735 $8.9M No change NXDR Nextdoor Holdings Inc. 3,557,997 $8.4M Add +22.8% GRAL Grail Inc. 364,949 $6.5M Reduce -27.9% TLN Talen Energy Corp. 27,633 $5.6M No change VRT Vertiv Holdings Co. Class A 45,921 $5.2M Reduce -75.8% SFIX Stitch Fix Inc. Class A 928,235 $4.0M Reduce -71.1% CROX Crocs Inc. 30,542 $3.3M New SEG Seaport Entertainment Group 98,318 $2.7M No change WEAV Weave Communications Inc. 74,182 $1.2M Reduce -1.4% HAS Hasbro Inc. 20,229 $1.1M No change ESTC Elastic NV 10,000 $991K Reduce -89.5% CRC California Resources Corp. 10,609 $551K No change GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 30,559 $430K Reduce -81.1% BB Blackberry Ltd. 65,118 $246K Reduce -92.8%
Options reported separately and not counted above: IWM puts ($59.7M), ZETA calls ($2.7M).
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ CPRI Capri Holdings Ltd. Sold out 0.00% −5.85 FIVN FIVE9 Inc. Sold out 0.00% −5.24 VRT Vertiv Holdings Co. Class A Reduce -75.8% 2.21% −4.14 LINE Lineage Inc. Sold out 0.00% −3.29 CXM Sprinklr Inc. Class A Sold out 0.00% −2.52 ESTC Elastic NV Reduce -89.5% 0.42% −2.03 CXT Crane NXT Co. Sold out 0.00% −1.93 WBTN Webtoon Entertainment Inc. Sold out 0.00% −1.40 SFIX Stitch Fix Inc. Class A Reduce -71.1% 1.69% −1.35 YEXT Yext Inc. Reduce -24.2% 6.94% −0.97 VRA Vera Bradley Inc. Sold out 0.00% −0.88 GEV GE Vernova Inc. Reduce -44.6% 7.81% −0.86 BB Blackberry Ltd. Reduce -92.8% 0.10% −0.69 PD Pagerduty Inc. Sold out 0.00% −0.44 GRSD Grandstand Ltd. Reduce -81.1% 0.18% −0.36 LASR Nlight Inc. Sold out 0.00% −0.17 DIBS 1STDIBS.COM Inc. Sold out 0.00% −0.08 PETXQ Wag! Group Co. Sold out 0.00% −0.04 WEAV Weave Communications Inc. Reduce -1.4% 0.50% +0.18 GRAL Grail Inc. Reduce -27.9% 2.76% +0.42 ZUO Zuora Inc. Class A Reduce -24.5% 9.35% +0.81 BSTZ BlackRock Sci & Tech TRM TR Reduce -9.4% 6.18% +1.16 BARK Bark Inc. Reduce -2.5% 5.56% +1.55
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ TAC Transalta Corp. Add +373.2% 13.91% +12.20 FLR Fluor Corp. New 5.97% +5.97 BELFB Bel Fuse Inc. Class B Add +107.1% 5.09% +3.24 CROX Crocs Inc. New 1.42% +1.42 NXDR Nextdoor Holdings Inc. Add +22.8% 3.57% +1.15 DBRG Digitalbridge Group Inc. Add +2.2% 6.97% +0.19
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put New 270,000 $59.7M GEV GE Vernova Inc. put Sold out 72,000 $18.4Mbefore exit ZETA Zeta Global Holdings Corp. Class A call New 150,000 $2.7M
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 44 $163.2M GMTL, STX, GEV, GLW, CCXI Q1 2026 31 $162.9M BL, STX, BIRK, TAC, AMRZ Q4 2025 34 $297.0M TLN, TAC, BL, MSFT, STX Q3 2025 37 $329.1M TLN, TAC, MSFT, STX, IE Q2 2025 24 $215.1M TLN, TAC, MSFT, DBRG, TPB Q1 2025 18 $203.5M TAC, YEXT, UNF, DBRG, MSFT Q4 2024 25 $236.4M TAC, ZUO, GEV, DBRG, YEXT Q3 2024 34 $297.8M GEV, ZUO, YEXT, DBRG, VRT Q2 2024 27 $232.0M ZUO, GEV, SFIX, MSFT, BSTZ Q1 2024 25 $160.9M BLMN, MSFT, CXM, SFIX, BSTZ