RBF Capital, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), RBF Capital, LLC reported 536 stock positions worth $1.9 billion. Its top holding was Morgan Stanley (MS) at 5.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.5%) and Meta Platforms Class A (META, 3.2%). Compared with Q3 2024, it opened 18 new positions, sold out of 71, added to 23 and reduced 159. The biggest buy was Despegar.com (DESP, shares +115%) and the biggest sale an exit from Proshares TR.
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001134621
- Portfolio Value
- $1.9B (Q4 2024)
- SEC Filing
- 0001062993-25-002420 ↗ filed Feb 14, 2025
Holdings Value
Holdings 536 stocks · $1.9B
| MS Morgan Stanley | 5.31% | 810,432 | $101.9M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.47% | 146,300 | $85.7M | No change |
| META Meta Platforms Inc. Class A | 3.20% | 105,000 | $61.5M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 2.70% | 76 | $51.7M | No change |
| APP AppLovin Corp. Class A | 2.19% | 129,955 | $42.1M | No change |
| FICO Fair Isaac Corp. | 2.07% | 20,000 | $39.8M | No change |
| BLDR Builders Firstsource Inc. | 1.93% | 258,702 | $37.0M | No change |
| MA Mastercard Inc. Class A | 1.80% | 65,500 | $34.5M | No change |
| DAC Danaos Corp. | 1.74% | 418,015 | $33.5M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.74% | 760,000 | $33.4M | No change |
| AAPL Apple Inc. | 1.57% | 120,000 | $30.1M | No change |
| V Visa Inc. Class A | 1.56% | 95,000 | $30.0M | No change |
| UNH Unitedhealth Group Inc. | 1.45% | 55,000 | $27.8M | No change |
| SPGI S&P Global Inc. | 1.30% | 50,000 | $24.9M | No change |
| MMYT Makemytrip Ltd. | 1.28% | 219,222 | $24.5M | No change |
| GOOG Alphabet Inc. Class C | 1.19% | 120,000 | $22.9M | No change |
| HCA HCA Healthcare Inc. | 1.17% | 75,000 | $22.5M | No change |
| WLFC Willis Lease Finance Corp. | 1.16% | 107,611 | $22.3M | No change |
| MSFT Microsoft Corp. | 1.10% | 50,000 | $21.1M | No change |
| ET Energy Transfer LP | 1.02% | 1,000,000 | $19.6M | No change |
| PEP Pepsico Inc. | 0.86% | 108,400 | $16.5M | No change |
| UBER Uber Technologies Inc. | 0.81% | 256,900 | $15.6M | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.77% | 214,574 | $14.8M | No change |
| WMT Walmart Inc. | 0.73% | 155,322 | $14.0M | No change |
| GS Goldman Sachs Group Inc. | 0.69% | 23,000 | $13.2M | No change |
| JLL Jones Lang Lasalle Inc. | 0.66% | 50,000 | $12.7M | No change |
| UTI Universal Technical Institut | 0.65% | 501,185 | $12.5M | No change |
| NWL Newell Brands Inc. | 0.65% | 1,251,611 | $12.5M | Add +13.8% |
| MSCI MSCI Inc. | 0.63% | 20,000 | $12.0M | No change |
| THC Tenet Healthcare Corp. | 0.61% | 93,237 | $11.8M | No change |
| MOD Modine Manufacturing Co. | 0.60% | 100,000 | $11.6M | No change |
| ENTG Entegris Inc. | 0.58% | 111,735 | $11.1M | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.58% | 150,000 | $11.1M | No change |
| VIPS Vipshop Holdings Ltd. - ADR | 0.57% | 816,866 | $11.0M | No change |
| ASC Ardmore Shipping Corp. | 0.57% | 901,880 | $11.0M | Reduce -4.3% |
| OPY Oppenheimer Holdings Class A | 0.55% | 165,000 | $10.6M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 0.55% | 150,000 | $10.5M | No change |
| TOL Toll Brothers Inc. | 0.53% | 80,500 | $10.1M | No change |
| GSL Global Ship Lease Inc. Class A | 0.52% | 460,463 | $10.1M | No change |
| UBS UBS Group AG-Reg | 0.51% | 325,000 | $9.9M | No change |
| JPM JPMorgan Chase & Co. | 0.51% | 41,000 | $9.8M | No change |
| STC Stewart Information Services | 0.51% | 145,540 | $9.8M | No change |
| VCTR Victory Capital Holding - A | 0.51% | 149,063 | $9.8M | No change |
| DAL Delta Air Lines Inc. | 0.50% | 160,000 | $9.7M | No change |
| COF Capital One Financial Corp. | 0.50% | 54,600 | $9.6M | Reduce -15.6% |
| GOOGL Alphabet Inc. Class A | 0.49% | 50,000 | $9.5M | No change |
| STT State Street Corp. | 0.49% | 96,000 | $9.4M | Reduce -20.0% |
| DESP Despegar.com Corp. | 0.48% | 491,256 | $9.3M | Add +115.2% |
| URI United Rentals Inc. | 0.48% | 13,000 | $9.2M | Reduce -13.3% |
| BGC BGC Group Inc. Class A | 0.47% | 989,025 | $8.9M | Reduce -3.6% |
| PCG P G & E Corp. | 0.42% | 400,000 | $8.1M | No change |
| NVDA Nvidia Corp. | 0.42% | 60,000 | $8.1M | No change |
| LINC Lincoln Educational Services | 0.41% | 499,070 | $7.9M | No change |
| JEF Jefferies Financial Group Inc. | 0.41% | 100,000 | $7.8M | No change |
| AVGO Broadcom Inc. | 0.41% | 33,730 | $7.8M | No change |
| UAL United Airlines Holdings Inc. | 0.40% | 80,000 | $7.8M | No change |
| GBLI Global Indemnity Group LLC-A | 0.40% | 214,941 | $7.7M | Reduce -0.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.40% | 100,000 | $7.7M | Reduce -9.1% |
| BKNG Booking Holdings Inc. | 0.39% | 1,500 | $7.5M | No change |
| VXUS Vanguard Total Intl Stock | 0.38% | 125,000 | $7.4M | No change |
| AIG American International Group | 0.38% | 100,000 | $7.3M | No change |
| ROCK Gibraltar Industries Inc. | 0.38% | 123,099 | $7.3M | No change |
| WLDN Willdan Group Inc. | 0.37% | 185,543 | $7.1M | Add +0.5% |
| CNO Cno Financial Group Inc. | 0.36% | 185,034 | $6.9M | No change |
| AXP American Express Co. | 0.36% | 23,000 | $6.8M | No change |
| SPNT Siriuspoint Ltd. | 0.35% | 416,943 | $6.7M | No change |
| BKD Brookdale Senior Living Inc. | 0.35% | 1,297,857 | $6.7M | Reduce -41.0% |
| TPR Tapestry Inc. | 0.34% | 100,000 | $6.5M | No change |
| BERY Berry Global Group Inc. | 0.34% | 100,147 | $6.5M | Reduce -2.0% |
| USPH U.S. Physical Therapy Inc. | 0.32% | 69,999 | $6.2M | No change |
| BLK BlackRock Inc. | 0.32% | 6,000 | $6.2M | No change |
| OSCR Oscar Health Inc. Class A | 0.31% | 449,604 | $6.0M | No change |
| BKR Baker Hughes Co. | 0.30% | 140,000 | $5.7M | No change |
| CSV Carriage Services Inc. | 0.30% | 143,430 | $5.7M | No change |
| PSX Phillips 66 | 0.30% | 50,000 | $5.7M | No change |
| MDY State Street SPDR S&P Midcap | 0.30% | 10,000 | $5.7M | No change |
| ETHE Grayscale Ethereum Staking E | 0.29% | 200,001 | $5.6M | No change |
| MHO M/I Homes Inc. | 0.29% | 41,700 | $5.5M | No change |
| HBAN Huntington Bancshares Inc. | 0.29% | 339,596 | $5.5M | No change |
| CROX Crocs Inc. | 0.29% | 50,000 | $5.5M | No change |
| PHM Pultegroup Inc. | 0.28% | 50,000 | $5.4M | No change |
| CAT Caterpillar Inc. | 0.28% | 15,000 | $5.4M | No change |
| JRVR James River Group Holdings I | 0.28% | 1,113,149 | $5.4M | Add +3.7% |
| LPG Dorian LPG Ltd. | 0.28% | 219,406 | $5.3M | No change |
| BCS Barclays PLC-Spons ADR | 0.28% | 400,000 | $5.3M | Reduce -11.1% |
| CC The Chemours Co. | 0.28% | 313,307 | $5.3M | Reduce -24.4% |
| LYV Live Nation Entertainment Inc. | 0.27% | 40,000 | $5.2M | Reduce -20.0% |
| BMBL Bumble Inc. Class A | 0.27% | 633,577 | $5.2M | New |
| MDLZ Mondelez International Inc. Class A | 0.26% | 85,000 | $5.1M | Reduce -1.2% |
| RNR Renaissancere Holdings Ltd. | 0.26% | 20,000 | $5.0M | No change |
| HIPO Hippo Holdings Inc. | 0.25% | 180,000 | $4.8M | No change |
| TFII Tfi International Inc. | 0.25% | 35,500 | $4.8M | No change |
| DOCU Docusign Inc. | 0.25% | 53,000 | $4.8M | Reduce -55.8% |
| ALLY Ally Financial Inc. | 0.24% | 130,000 | $4.7M | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.24% | 120,000 | $4.6M | No change |
| DFAI Dimensional International Co. | 0.24% | 155,000 | $4.5M | No change |
| OPLN Openlane Inc. | 0.23% | 220,000 | $4.4M | Reduce -4.5% |
| KO The Coca-Cola Co. | 0.23% | 70,000 | $4.4M | No change |
| MRSH Marsh & McLennan Cos | 0.22% | 20,000 | $4.2M | No change |
| APO Apollo Global Management Inc. | 0.21% | 24,990 | $4.1M | No change |
Options reported separately and not counted above: APP puts ($4.5M), DJT puts ($2.7M), IOT puts ($2.2M), SMCI calls ($1.2M), NWL calls ($906K), BIDU calls ($843K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $707K (not counted above)
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q3 2024 → Q4 2024
| PROSHARES TR | Sold out | 0.00% | −0.63 |
| BKD Brookdale Senior Living Inc. | Reduce -41.0% | 0.35% | −0.42 |
| ASC Ardmore Shipping Corp. | Reduce -4.3% | 0.57% | −0.30 |
| AEO American Eagle Outfitters | Reduce -76.7% | 0.06% | −0.28 |
| ESGR Enstar Group Ltd. | Reduce -89.5% | 0.02% | −0.20 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.19 |
| CC The Chemours Co. | Reduce -24.4% | 0.28% | −0.16 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.15 |
| ARW Arrow Electronics Inc. | Reduce -34.6% | 0.19% | −0.15 |
| URI United Rentals Inc. | Reduce -13.3% | 0.48% | −0.15 |
| AMT American Tower Corp. | Reduce -50.0% | 0.10% | −0.14 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.14 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.14 |
| DOCU Docusign Inc. | Reduce -55.8% | 0.25% | −0.13 |
| HOUS Anywhere Real Estate Inc. | Sold out | 0.00% | −0.12 |
| LYB Lyondellbasell Indu Class A | Reduce -50.0% | 0.08% | −0.12 |
| ACWX iShares MSCI Acwi Ex US ETF | Sold out | 0.00% | −0.12 |
| BRSL Brightstar Lottery PLC | Reduce -64.6% | 0.05% | −0.11 |
| SGRP Spar Group Inc. | Reduce -86.2% | 0.01% | −0.10 |
| STNE Stoneco Ltd. Class A | Reduce -71.6% | 0.03% | −0.09 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.09 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.09 |
| LESLIES INC | Sold out | 0.00% | −0.08 |
| DFAX Dimensional World Ex US Core | Reduce -21.9% | 0.21% | −0.08 |
| CCK Crown Holdings Inc. | Sold out | 0.00% | −0.08 |
| AGNC AGNC Investment Corp. | Reduce -34.3% | 0.11% | −0.08 |
| FL Foot Locker Inc. | Sold out | 0.00% | −0.07 |
| GTLS Chart Industries Inc. | Reduce -54.5% | 0.15% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.2% | 0.26% | −0.06 |
| NBIS Nebius Group NV | Reduce -74.3% | 0.14% | −0.06 |
| AHCO Adapthealth Corp. | Sold out | 0.00% | −0.06 |
| CRUS Cirrus Logic Inc. | Reduce -20.0% | 0.10% | −0.06 |
| VEA Vanguard Ftse Developed ETF | Reduce -20.0% | 0.15% | −0.05 |
| STT State Street Corp. | Reduce -20.0% | 0.49% | −0.05 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.05 |
| GSM Ferroglobe PLC | Reduce -7.6% | 0.18% | −0.05 |
| DELL Dell Technologies -C | Reduce -32.0% | 0.10% | −0.05 |
| MRCY Mercury Systems Inc. | Sold out | 0.00% | −0.05 |
| MPAA Motorcar Parts of America Inc. | Reduce -21.8% | 0.19% | −0.04 |
| CNQ Canadian Natural Resources | Sold out | 0.00% | −0.04 |
| CVEO Civeo Corp. | Reduce -23.9% | 0.07% | −0.04 |
| GLATFELTER CORP | Sold out | 0.00% | −0.04 |
| MMM 3M Co. | Reduce -25.0% | 0.10% | −0.04 |
| ATRO Astronics Corp. | Reduce -16.6% | 0.08% | −0.04 |
| LSTR Landstar System Inc. | Reduce -23.1% | 0.09% | −0.04 |
| GOOS Canada Goose Holdings Inc. | Reduce -10.0% | 0.09% | −0.03 |
| JBLU Jetblue Airways Corp. | Reduce -30.8% | 0.18% | −0.03 |
| TBLA Taboola.com Ltd. | Reduce -39.6% | 0.07% | −0.03 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.03 |
| JOE The St Joe Co. | Reduce -16.7% | 0.06% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| DESP Despegar.com Corp. | Add +115.2% | 0.48% | +0.34 |
| BMBL Bumble Inc. Class A | New | 0.27% | +0.27 |
| NWL Newell Brands Inc. | Add +13.8% | 0.65% | +0.22 |
| AAP Advance Auto Parts Inc. | New | 0.21% | +0.21 |
| INDI Indie Semiconductor Inc. Class A | Add +3137.3% | 0.18% | +0.17 |
| LEG Leggett & Platt Inc. | Add +566.7% | 0.20% | +0.16 |
| TBI Trueblue Inc. | Add +852.8% | 0.17% | +0.15 |
| SON Sonoco Products Co. | Add +577.1% | 0.17% | +0.14 |
| AER Aercap Holdings NV | Add +166.7% | 0.20% | +0.13 |
| DINO HF Sinclair Corp. | Add +400.0% | 0.14% | +0.10 |
| RH RH | New | 0.08% | +0.08 |
| CTEV Claritev Corp. | Add +62.3% | 0.11% | +0.08 |
| THE REALREAL INC (REAL 1 03/01/28) | New | 0.08% | +0.08 |
| CVX Chevron Corp. | New | 0.08% | +0.08 |
| CDLX Cardlytics Inc. | Add +64.7% | 0.16% | +0.08 |
| TIDAL TRUST II | New | 0.06% | +0.06 |
| MAGN Magnera Corp. | New | 0.05% | +0.05 |
| JBI Janus International Group Inc. | New | 0.05% | +0.05 |
| WYNN WYNN Resorts Ltd. | New | 0.04% | +0.04 |
| AVO Mission Produce Inc. | Add +272.0% | 0.06% | +0.04 |
| THRY Thryv Holdings Inc. | Add +117.8% | 0.09% | +0.04 |
| PII Polaris Inc. | Add +150.0% | 0.07% | +0.03 |
| REI Ring Energy Inc. | New | 0.03% | +0.03 |
| BXC Bluelinx Holdings Inc. | New | 0.03% | +0.03 |
| SNAP Snap Inc. Class A | New | 0.02% | +0.02 |
| MAC The Macerich Co. | New | 0.02% | +0.02 |
| REXR Rexford Industrial Realty Inc. | New | 0.02% | +0.02 |
| VIRT Virtu Financial Inc. Class A | New | 0.02% | +0.02 |
| RNG Ringcentral Inc. Class A | Add +33.3% | 0.04% | +0.01 |
| ONB Old National Bancorp | New | 0.01% | +0.01 |
| PTON Peloton Interactive Inc. Class A | New | 0.01% | +0.01 |
| CPB The Campbell's Company | Add +25.0% | 0.11% | +0.01 |
| DCH Dauch Corporation | New | 0.01% | +0.01 |
| LARK Landmark Bancorp Inc. | Add +4.5% | 0.03% | +0.01 |
| RLGT Radiant Logistics Inc. | Add +5.4% | 0.02% | +0.00 |
| CSTE Caesarstone Ltd. | Add +3.8% | 0.09% | −0.00 |
| HZO Marinemax Inc. | Add +18.9% | 0.17% | −0.00 |
| ANGI Angi Inc. | Add +15.5% | 0.03% | −0.01 |
| WLDN Willdan Group Inc. | Add +0.5% | 0.37% | −0.02 |
| JRVR James River Group Holdings I | Add +3.7% | 0.28% | −0.06 |
| DHC Diversified Healthcare Trust | Add +1.5% | 0.16% | −0.12 |
Options Activity Q3 2024 → Q4 2024
| TSLA Tesla Inc. | put | Sold out | 140,000 | $36.6Mbefore exit |
| APP AppLovin Corp. Class A | put | New | 14,000 | $4.5M |
| DJT Trump Media & Technology Gro | put | Reduce -1.2% | 80,200 | $2.7M |
| SMCI Super Micro Computer Inc. | call | New | 40,000 | $1.2M |
| SMCI Super Micro Computer Inc. | call | Sold out | 28,000 | $1.2Mbefore exit |
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 | 506 | $2.4B | MS, SPY, APP, META, BRK.A |
| Q1 2026Amended | 487 | $2.0B | MS, SPY, META, BRK.A, DAC |
| Q4 2025Amended | 547 | $2.2B | MS, SPY, APP, META, BRK.A |
| Q3 2025 | 569 | $2.2B | MS, SPY, APP, META, BRK.A |
| Q2 2025 | 589 | $2.0B | MS, SPY, META, BRK.A, APP |
| Q1 2025 | 558 | $1.6B | BRK.A, META, FICO, MA, V |
| Q4 2024 | 536 | $1.9B | MS, SPY, META, BRK.A, APP |
| Q3 2024 | 589 | $2.0B | MS, SPY, META, BRK.A, BLDR |
| Q2 2024 | 561 | $1.7B | SPY, MS, META, BRK.A, DAC |
| Q1 2024 | 547 | $1.8B | SPY, MS, BLDR, META, BRK.A |