RBF Capital, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), RBF Capital, LLC reported 547 stock positions worth $1.8 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 4.3% of the portfolio, followed by Morgan Stanley (MS, 4.3%) and Builders Firstsource (BLDR, 3.0%). Compared with Q4 2023, it opened 37 new positions, sold out of 25, added to 22 and reduced 53. The biggest buy was a new position in Grayscale Bitcoin Trust ETF (GBTC) and the biggest sale Expedia (EXPE, shares −71%).

Most Recent 13F
Q2 2026
Location
RENO, NV
CIK
0001134621
Portfolio Value
$1.8B (Q1 2024)
SEC Filing
0001062993-24-010278 ↗ filed May 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.8B $1.8B Q1 2024 Q2 2024: $1.7B Q2 2024 Q3 2024: $2.0B Q3 2024 Q4 2024: $1.9B Q4 2024 Q1 2025: $1.6B Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $2.0B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 547 stocks · $1.8B
SPY SS SPDR S&P 500 ETF Trust-US 4.30% 146,300 $76.5M No change
MS Morgan Stanley 4.29% 810,432 $76.3M No change
BLDR Builders Firstsource Inc. 3.03% 258,702 $54.0M No change
META Meta Platforms Inc. Class A 2.87% 105,000 $51.0M No change
BRK.A Berkshire Hathaway Inc. Class A 2.75% 77 $48.9M No change
MA Mastercard Inc. Class A 1.77% 65,500 $31.5M No change
DAC Danaos Corp. 1.70% 418,015 $30.2M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.62% 760,000 $28.8M No change
UNH Unitedhealth Group Inc. 1.53% 55,000 $27.2M No change
V Visa Inc. Class A 1.49% 95,000 $26.5M No change
HCA HCA Healthcare Inc. 1.41% 75,000 $25.0M No change
FICO Fair Isaac Corp. 1.41% 20,000 $25.0M No change
SPGI S&P Global Inc. 1.20% 50,000 $21.3M No change
MSFT Microsoft Corp. 1.18% 50,000 $21.0M No change
AAPL Apple Inc. 1.16% 120,000 $20.6M No change
UBER Uber Technologies Inc. 1.11% 256,900 $19.8M No change
PEP Pepsico Inc. 1.07% 108,400 $19.0M Reduce -9.7%
GOOG Alphabet Inc. Class C 1.03% 120,000 $18.3M Reduce -7.7%
BKD Brookdale Senior Living Inc. 0.94% 2,525,697 $16.7M Reduce -7.3%
ET Energy Transfer LP 0.88% 1,000,000 $15.7M No change
ENTG Entegris Inc. 0.88% 111,735 $15.7M No change
MMYT Makemytrip Ltd. 0.88% 219,222 $15.6M No change
ASC Ardmore Shipping Corp. 0.87% 941,880 $15.5M No change
VIPS Vipshop Holdings Ltd. - ADR 0.76% 816,866 $13.5M No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.74% 214,574 $13.2M No change
MSCI MSCI Inc. 0.63% 20,000 $11.2M No change
URI United Rentals Inc. 0.61% 15,000 $10.8M No change
JLL Jones Lang Lasalle Inc. 0.59% 54,000 $10.5M Reduce -6.9%
UBS UBS Group AG-Reg 0.59% 340,000 $10.4M No change
TOL Toll Brothers Inc. 0.59% 80,500 $10.4M No change
ROCK Gibraltar Industries Inc. 0.56% 123,099 $9.9M No change
THC Tenet Healthcare Corp. 0.56% 93,937 $9.9M No change
COF Capital One Financial Corp. 0.54% 64,700 $9.6M No change
GS Goldman Sachs Group Inc. 0.54% 23,000 $9.6M No change
MOD Modine Manufacturing Co. 0.54% 100,000 $9.5M No change
GBTC Grayscale Bitcoin Trust ETF 0.53% 150,000 $9.5M New
STC Stewart Information Services 0.53% 145,550 $9.5M No change
GSL Global Ship Lease Inc. Class A 0.53% 460,463 $9.3M No change
WMT Walmart Inc. 0.53% 155,322 $9.3M No change
STT State Street Corp. 0.52% 120,000 $9.3M Add +25.0%
APP AppLovin Corp. Class A 0.51% 129,955 $9.0M No change
WFC Wells Fargo & Co. 0.49% 150,000 $8.7M No change
SMCI Super Micro Computer Inc. 0.47% 8,362 $8.4M New
LPG Dorian LPG Ltd. 0.47% 219,406 $8.4M No change
JPM JPMorgan Chase & Co. 0.46% 41,000 $8.2M No change
PSX Phillips 66 0.46% 50,000 $8.2M No change
BGC BGC Group Inc. Class A 0.46% 1,046,025 $8.1M Reduce -15.7%
UTI Universal Technical Institut 0.45% 501,185 $8.0M Reduce -3.4%
USPH U.S. Physical Therapy Inc. 0.44% 69,999 $7.9M No change
AIG American International Group 0.44% 100,000 $7.8M No change
AEO American Eagle Outfitters 0.43% 300,000 $7.7M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.43% 140,000 $7.7M No change
CC The Chemours Co. 0.43% 290,307 $7.6M New
VXUS Vanguard Total Intl Stock 0.43% 125,406 $7.6M Add +0.3%
GOOGL Alphabet Inc. Class A 0.42% 50,000 $7.5M No change
BERY Berry Global Group Inc. 0.42% 122,147 $7.4M Reduce -3.8%
ORN Orion Group Holdings Inc. 0.41% 889,856 $7.3M No change
CROX Crocs Inc. 0.40% 50,000 $7.2M No change
STNE Stoneco Ltd. Class A 0.40% 432,500 $7.2M Add +2.4%
DAL Delta Air Lines Inc. 0.40% 150,000 $7.2M No change
OPY Oppenheimer Holdings Class A 0.38% 170,000 $6.8M Reduce -0.6%
PCG P G & E Corp. 0.38% 400,000 $6.7M No change
OSCR Oscar Health Inc. Class A 0.38% 449,604 $6.7M No change
MPAA Motorcar Parts of America Inc. 0.37% 821,499 $6.6M Reduce -3.6%
GBLI Global Indemnity Group LLC-A 0.37% 216,141 $6.6M Add +3.7%
NWL Newell Brands Inc. 0.37% 863,981 $6.6M Add +0.5%
ARW Arrow Electronics Inc. 0.37% 50,500 $6.5M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.36% 110,000 $6.3M No change
VCTR Victory Capital Holding - A 0.36% 149,063 $6.3M No change
PHM Pultegroup Inc. 0.34% 50,000 $6.0M No change
MDLZ Mondelez International Inc. Class A 0.34% 86,000 $6.0M No change
MHO M/I Homes Inc. 0.32% 41,700 $5.7M No change
ALLY Ally Financial Inc. 0.32% 140,000 $5.7M No change
TFII Tfi International Inc. 0.32% 35,500 $5.7M No change
DFAX Dimensional World Ex US Core 0.32% 221,400 $5.6M No change
MDY State Street SPDR S&P Midcap 0.31% 10,000 $5.6M No change
CAT Caterpillar Inc. 0.31% 15,000 $5.5M No change
SPNT Siriuspoint Ltd. 0.31% 432,107 $5.5M No change
WLDN Willdan Group Inc. 0.31% 188,559 $5.5M No change
BKNG Booking Holdings Inc. 0.31% 1,500 $5.4M No change
NVDA Nvidia Corp. 0.30% 6,000 $5.4M No change
BKR Baker Hughes Co. 0.30% 160,000 $5.4M No change
LKQ LKQ Corp. 0.30% 100,000 $5.3M No change
WLFC Willis Lease Finance Corp. 0.30% 107,611 $5.3M No change
LYV Live Nation Entertainment Inc. 0.30% 50,000 $5.3M No change
AXP American Express Co. 0.29% 23,000 $5.2M No change
CNC Centene Corp. 0.29% 66,660 $5.2M No change
LINC Lincoln Educational Services 0.29% 499,070 $5.2M No change
CNO Cno Financial Group Inc. 0.29% 185,034 $5.1M No change
BLK BlackRock Finance Inc. 0.28% 6,000 $5.0M No change
GSM Ferroglobe PLC 0.27% 960,352 $4.8M Reduce -2.8%
TPR Tapestry Inc. 0.27% 100,000 $4.7M No change
HBAN Huntington Bancshares Inc. 0.27% 339,596 $4.7M No change
RNR Renaissancere Holdings Ltd. 0.26% 20,000 $4.7M No change
DFAI Dimensional International Co. 0.26% 155,000 $4.7M No change
CDW CDW Corp. 0.26% 18,225 $4.7M No change
BABA Alibaba Group Holding-SP ADR 0.26% 62,675 $4.5M Add +254.6%
AVGO Broadcom Inc. 0.25% 3,373 $4.5M No change
DFIC Dimensional International Co. 0.25% 165,000 $4.4M No change
JEF Jefferies Financial Group Inc. 0.25% 100,000 $4.4M No change

Show all 547 holdings

Options reported separately and not counted above: BIDU calls ($8.4M), HPQ calls ($1.2M), NWL calls ($402K).

Other holdings (3): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 25,623$1.1MNo change
AP.WS Ampco-Pittsburgh Corp. -CW25 *W EXP 08/01/202 211,652$21KNo change
GBGWF Global Blue Group Holding AG *W EXP 08/28/202 546,131$18KNo change

Total filed on the 13F, all lines: $1.8B.

Portfolio Sells Q4 2023 → Q1 2024
EXPE Expedia Group Inc. Reduce -71.4% 0.08% −0.26
PEP Pepsico Inc. Reduce -9.7% 1.07% −0.21
HPQ HP Inc. Reduce -38.2% 0.08% −0.19
EVC Entravision Communications-A Reduce -48.6% 0.04% −0.17
CHGG Chegg Inc. Sold out 0.00% −0.14
GSM Ferroglobe PLC Reduce -2.8% 0.27% −0.13
MPAA Motorcar Parts of America Inc. Reduce -3.6% 0.37% −0.13
BERY Berry Global Group Inc. Reduce -3.8% 0.42% −0.12
GOOG Alphabet Inc. Class C Reduce -7.7% 1.03% −0.12
BGC BGC Group Inc. Class A Reduce -15.7% 0.46% −0.10
TWLO Twilio Inc. Class A Sold out 0.00% −0.10
JLL Jones Lang Lasalle Inc. Reduce -6.9% 0.59% −0.09
MMM 3M Co. Reduce -24.1% 0.18% −0.09
HTZ Hertz Global Hldgs Inc. Sold out 0.00% −0.09
OPRT Oportun Financial Corp. Reduce -9.3% 0.07% −0.07
SLGC Somalogic Inc. Sold out 0.00% −0.06
OPY Oppenheimer Holdings Class A Reduce -0.6% 0.38% −0.06
BKD Brookdale Senior Living Inc. Reduce -7.3% 0.94% −0.05
GTM Zoominfo Technologies Inc. Reduce -7.7% 0.11% −0.04
JBGS JBG Smith Properties Reduce -36.1% 0.04% −0.04
AMBP Ardagh Metal Packaging SA Reduce -19.2% 0.07% −0.04
MTCH Match Group Inc. Sold out 0.00% −0.03
EB Eventbrite Inc. Class A Reduce -27.4% 0.02% −0.03
ST Sensata Technologies Holdplc Reduce -24.9% 0.06% −0.03
DOCN Digitalocean Holdings Inc. Sold out 0.00% −0.03
NAUTILUS INC Sold out 0.00% −0.03
CPB The Campbell's Company Reduce -10.7% 0.13% −0.03
CYTT Cyteir Therapeutics Inc. Sold out 0.00% −0.02
ACN Accenture PLC Class A Sold out 0.00% −0.02
GM General Motors Co. Reduce -27.3% 0.10% −0.02
PANW Palo Alto Networks Inc. Sold out 0.00% −0.02
ZLAB Zai Lab Ltd.-ADR Sold out 0.00% −0.02
DXLG Destination XL Group Inc. Reduce -37.4% 0.01% −0.02
NCMI National Cinemedia Inc. Sold out 0.00% −0.02
EDR Endeavor Group Hold Class A Reduce -50.0% 0.01% −0.02
SAVEQ Spirit Airlines Inc. Sold out 0.00% −0.01
SRT Startek Inc. Sold out 0.00% −0.01
AOUT American Outdoor Brands Inc. Reduce -2.5% 0.15% −0.01
EXR Extra Space Storage Inc. Sold out 0.00% −0.01
THRY Thryv Holdings Inc. Reduce -13.0% 0.08% −0.01
ANGI Angi Inc. Reduce -14.3% 0.06% −0.01
AUBN Auburn Natl Bancorporation Sold out 0.00% −0.01
NMRK Newmark Group Inc. Class A Reduce -8.2% 0.07% −0.01
DBX Dropbox Inc. Class A Sold out 0.00% −0.01
EMN Eastman Chemical Co. Reduce -24.5% 0.04% −0.01
UHAL U-Haul Holding Co. Sold out 0.00% −0.01
TSPH Createai Holdings Inc. Sold out 0.00% −0.01
TEAD Teads Holding Co. Reduce -7.0% 0.04% −0.01
NXT Nextpower Inc. Reduce -19.9% 0.02% −0.01
NTGR Netgear Inc. Reduce -17.3% 0.03% −0.01

Portfolio Buys Q4 2023 → Q1 2024
GBTC Grayscale Bitcoin Trust ETF New 0.53% +0.53
SMCI Super Micro Computer Inc. New 0.47% +0.47
CC The Chemours Co. New 0.43% +0.43
DIS The Walt Disney Co. New 0.17% +0.17
BABA Alibaba Group Holding-SP ADR Add +254.6% 0.26% +0.17
JD Jd.com Inc.-ADR Add +219.2% 0.23% +0.15
HBI Hanesbrands Inc. Add +177.3% 0.20% +0.14
ACWX iShares MSCI Acwi Ex US ETF New 0.12% +0.12
FLG New York Community Bancorp New 0.12% +0.12
MCHI iShares MSCI China ETF New 0.11% +0.11
RH RH Add +250.0% 0.14% +0.10
KMX Carmax Inc. New 0.10% +0.10
CDLX Cardlytics Inc. New 0.09% +0.09
TEVA Teva Pharmaceutical-SP ADR New 0.08% +0.08
TROX Tronox Holdings PLC New 0.07% +0.07
LAB Standard Biotools Inc. New 0.07% +0.07
ALB Albemarle Corp. New 0.07% +0.07
BIDU Baidu Inc. - Spon ADR Add +520.5% 0.20% +0.06
TPB Turning Point Brands Inc. New 0.06% +0.06
CCK Crown Holdings Inc. Add +300.0% 0.09% +0.06
STT State Street Corp. Add +25.0% 0.52% +0.06
ROOT Root Inc./Oh Class A New 0.05% +0.05
MTN Vail Resorts Inc. New 0.05% +0.05
KODK Eastman Kodak Co. New 0.05% +0.05
ALTG Alta Equipment Group Inc. New 0.04% +0.04
BV Brightview Holdings Inc. New 0.04% +0.04
VSTO Vista Outdoor Inc. New 0.04% +0.04
DXPE DXP Enterprises Inc. New 0.04% +0.04
HPE Hewlett Packard Enterprise New 0.04% +0.04
PGY Pagaya Technologies Ltd. Class A New 0.04% +0.04
AHCO Adapthealth Corp. Add +32.2% 0.07% +0.03
CENTA Central Garden and Pet Co. Class A Add +80.1% 0.12% +0.03
DBD Diebold Nixdorf Inc. New 0.03% +0.03
BG Bunge Global SA New 0.03% +0.03
TRU Transunion Add +25.0% 0.11% +0.03
SNCR Synchronoss Technologies Inc. New 0.02% +0.02
CPNG Coupang Inc. New 0.02% +0.02
WCC Wesco International Inc. Add +22.2% 0.21% +0.02
NNBR NN Inc. Add +1.1% 0.22% +0.02
GMED Globus Medical Inc. Class A New 0.02% +0.02
SE Sea Ltd.-ADR New 0.02% +0.02
MAC The Macerich Co. New 0.01% +0.01
HRI Herc Holdings Inc. New 0.01% +0.01
MTG Mgic Investment Corp. New 0.01% +0.01
SNBRQ Sleep Number Corp. New 0.01% +0.01
PGR Progressive Corp. New 0.01% +0.01
FITB Fifth Third Bancorp New 0.01% +0.01
HIMX Himax Technologies Inc.-ADR New 0.01% +0.01
LFCR Lifecore Biomedical Inc. New 0.00% +0.00
LXFR Luxfer Holdings PLC Add +45.7% 0.01% +0.00

Options Activity Q4 2023 → Q1 2024
BAC Bank of America Corp. put Sold out 900,000 $30.3Mbefore exit
BIDU Baidu Inc. - Spon ADR call Add +128.6% 80,000 $8.4M
UBER Uber Technologies Inc. put Sold out 130,000 $8.0Mbefore exit
PDD PDD Holdings Inc. put Sold out 18,000 $2.6Mbefore exit
TSLA Tesla Inc. put Sold out 10,000 $2.5Mbefore exit
BABA Alibaba Group Holding-SP ADR call Sold out 23,000 $1.8Mbefore exit
HPQ HP Inc. call Reduce -71.4% 40,000 $1.2M
BIGGQ Big Lots Inc. call Sold out 60,000 $467Kbefore exit
S Sentinelone Inc. Class A put Sold out 10,000 $274Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 506$2.4BMS, SPY, APP, META, BRK.A
Q1 2026Amended 487$2.0BMS, SPY, META, BRK.A, DAC
Q4 2025Amended 547$2.2BMS, SPY, APP, META, BRK.A
Q3 2025 569$2.2BMS, SPY, APP, META, BRK.A
Q2 2025 589$2.0BMS, SPY, META, BRK.A, APP
Q1 2025 558$1.6BBRK.A, META, FICO, MA, V
Q4 2024 536$1.9BMS, SPY, META, BRK.A, APP
Q3 2024 589$2.0BMS, SPY, META, BRK.A, BLDR
Q2 2024 561$1.7BSPY, MS, META, BRK.A, DAC
Q1 2024 547$1.8BSPY, MS, BLDR, META, BRK.A