RBF Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), RBF Capital, LLC reported 558 stock positions worth $1.6 billion. Its top holding was Berkshire Hathaway Class A (BRK.A) at 3.8% of the portfolio, followed by Meta Platforms Class A (META, 3.8%) and Fair Isaac (FICO, 2.3%). Compared with Q4 2024, it opened 64 new positions, sold out of 42, added to 31 and reduced 51. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Morgan Stanley (MS).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001134621
- Portfolio Value
- $1.6B (Q1 2025)
- SEC Filing
- 0001062993-25-009455 ↗ filed May 15, 2025
Holdings Value
Holdings 558 stocks · $1.6B
| BRK.A Berkshire Hathaway Inc. Class A | 3.83% | 76 | $60.7M | No change |
| META Meta Platforms Inc. Class A | 3.82% | 105,000 | $60.5M | No change |
| FICO Fair Isaac Corp. | 2.33% | 20,000 | $36.9M | No change |
| MA Mastercard Inc. Class A | 2.26% | 65,500 | $35.9M | No change |
| V Visa Inc. Class A | 2.10% | 95,000 | $33.3M | No change |
| DAC Danaos Corp. | 2.06% | 418,015 | $32.6M | No change |
| BLDR Builders Firstsource Inc. | 2.04% | 258,702 | $32.3M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.00% | 760,000 | $31.7M | No change |
| AAPL Apple Inc. | 1.68% | 120,000 | $26.7M | No change |
| HCA HCA Healthcare Inc. | 1.63% | 75,000 | $25.9M | No change |
| SPGI S&P Global Inc. | 1.60% | 50,000 | $25.4M | No change |
| MMYT Makemytrip Ltd. | 1.35% | 218,722 | $21.4M | Reduce -0.2% |
| MSFT Microsoft Corp. | 1.18% | 50,000 | $18.8M | No change |
| ET Energy Transfer LP | 1.17% | 1,000,000 | $18.6M | No change |
| UBER Uber Technologies Inc. | 1.16% | 252,500 | $18.4M | Reduce -1.7% |
| WLFC Willis Lease Finance Corp. | 1.07% | 107,711 | $17.0M | Add +0.1% |
| PEP Pepsico Inc. | 1.02% | 108,400 | $16.3M | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.89% | 214,574 | $14.1M | No change |
| WMT Walmart Inc. | 0.86% | 155,322 | $13.6M | No change |
| VIPS Vipshop Holdings Ltd. - ADR | 0.81% | 816,866 | $12.8M | No change |
| GS Goldman Sachs Group Inc. | 0.79% | 23,000 | $12.6M | No change |
| THC Tenet Healthcare Corp. | 0.79% | 93,237 | $12.5M | No change |
| JLL Jones Lang Lasalle Inc. | 0.78% | 50,000 | $12.4M | No change |
| UTI Universal Technical Institut | 0.78% | 482,185 | $12.4M | Reduce -3.8% |
| MSCI MSCI Inc. | 0.71% | 20,000 | $11.3M | No change |
| WFC Wells Fargo & Co. | 0.68% | 150,000 | $10.8M | No change |
| GSL Global Ship Lease Inc. Class A | 0.66% | 460,463 | $10.5M | No change |
| STC Stewart Information Services | 0.65% | 145,540 | $10.4M | No change |
| JPM JPMorgan Chase & Co. | 0.63% | 41,000 | $10.1M | No change |
| UBS UBS Group AG-Reg | 0.63% | 325,000 | $10.0M | No change |
| OPY Oppenheimer Holdings Class A | 0.62% | 165,000 | $9.8M | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.62% | 150,000 | $9.8M | No change |
| ENTG Entegris Inc. | 0.62% | 111,735 | $9.8M | No change |
| COF Capital One Financial Corp. | 0.59% | 52,100 | $9.3M | Reduce -4.6% |
| BGC BGC Group Inc. Class A | 0.56% | 968,365 | $8.9M | Reduce -2.1% |
| DESP Despegar.com Corp. | 0.56% | 471,256 | $8.9M | Reduce -4.1% |
| ASC Ardmore Shipping Corp. | 0.56% | 901,880 | $8.8M | No change |
| AIG American International Group | 0.55% | 100,000 | $8.7M | No change |
| VCTR Victory Capital Holding - A | 0.54% | 149,063 | $8.6M | No change |
| STT State Street Corp. | 0.54% | 96,000 | $8.6M | No change |
| NWL Newell Brands Inc. | 0.54% | 1,384,611 | $8.6M | Add +10.6% |
| TOL Toll Brothers Inc. | 0.54% | 80,500 | $8.5M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.53% | 100,000 | $8.4M | No change |
| BKD Brookdale Senior Living Inc. | 0.51% | 1,297,857 | $8.1M | No change |
| LINC Lincoln Educational Services | 0.50% | 499,070 | $7.9M | No change |
| VXUS Vanguard Total Intl Stock | 0.49% | 125,000 | $7.8M | No change |
| GOOGL Alphabet Inc. Class A | 0.49% | 50,000 | $7.7M | No change |
| CNO Cno Financial Group Inc. | 0.49% | 185,034 | $7.7M | No change |
| MOD Modine Manufacturing Co. | 0.48% | 100,000 | $7.7M | No change |
| WLDN Willdan Group Inc. | 0.48% | 185,543 | $7.6M | No change |
| GBLI Global Indemnity Group LLC-A | 0.47% | 214,941 | $7.4M | No change |
| ROCK Gibraltar Industries Inc. | 0.46% | 123,099 | $7.2M | No change |
| SPNT Siriuspoint Ltd. | 0.45% | 416,943 | $7.2M | No change |
| TPR Tapestry Inc. | 0.44% | 100,000 | $7.0M | No change |
| BERY Berry Global Group Inc. | 0.44% | 100,147 | $7.0M | No change |
| DAL Delta Air Lines Inc. | 0.44% | 160,000 | $7.0M | No change |
| BKNG Booking Holdings Inc. | 0.44% | 1,500 | $6.9M | No change |
| URI United Rentals Inc. | 0.43% | 11,000 | $6.9M | Reduce -15.4% |
| PCG P G & E Corp. | 0.43% | 400,000 | $6.9M | No change |
| AMZN Amazon.com Inc. | 0.40% | 33,000 | $6.3M | New |
| AXP American Express Co. | 0.39% | 23,000 | $6.2M | No change |
| PSX Phillips 66 | 0.39% | 50,000 | $6.2M | No change |
| BKR Baker Hughes Co. | 0.39% | 140,000 | $6.2M | No change |
| BCS Barclays PLC-Spons ADR | 0.39% | 400,000 | $6.1M | No change |
| OSCR Oscar Health Inc. Class A | 0.37% | 449,604 | $5.9M | No change |
| MDLZ Mondelez International Inc. Class A | 0.36% | 85,000 | $5.8M | No change |
| BLK BlackRock Inc. | 0.36% | 6,000 | $5.7M | No change |
| AVGO Broadcom Inc. | 0.36% | 33,730 | $5.6M | No change |
| CSV Carriage Services Inc. | 0.35% | 143,430 | $5.6M | No change |
| UAL United Airlines Holdings Inc. | 0.35% | 80,000 | $5.5M | No change |
| JEF Jefferies Financial Group Inc. | 0.34% | 100,000 | $5.4M | No change |
| MDY State Street SPDR S&P Midcap | 0.34% | 10,000 | $5.3M | No change |
| CROX Crocs Inc. | 0.33% | 50,000 | $5.3M | No change |
| CE Celanese Corp. | 0.33% | 93,000 | $5.3M | New |
| LYV Live Nation Entertainment Inc. | 0.33% | 40,000 | $5.2M | No change |
| PHM Pultegroup Inc. | 0.32% | 50,000 | $5.1M | No change |
| HBAN Huntington Bancshares Inc. | 0.32% | 339,596 | $5.1M | No change |
| USPH U.S. Physical Therapy Inc. | 0.32% | 69,999 | $5.1M | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.32% | 120,000 | $5.0M | No change |
| KO The Coca-Cola Co. | 0.32% | 70,000 | $5.0M | No change |
| CAT Caterpillar Inc. | 0.31% | 15,000 | $4.9M | No change |
| MPAA Motorcar Parts of America Inc. | 0.31% | 517,377 | $4.9M | Add +6.5% |
| LPG Dorian LPG Ltd. | 0.31% | 219,406 | $4.9M | No change |
| MRSH Marsh & McLennan Cos | 0.31% | 20,000 | $4.9M | No change |
| DFAI Dimensional International Co. | 0.31% | 155,000 | $4.8M | No change |
| RNR Renaissancere Holdings Ltd. | 0.30% | 20,000 | $4.8M | No change |
| MHO M/I Homes Inc. | 0.30% | 41,700 | $4.8M | No change |
| ALLY Ally Financial Inc. | 0.30% | 130,000 | $4.7M | No change |
| HIPO Hippo Holdings Inc. | 0.29% | 180,000 | $4.6M | No change |
| AER Aercap Holdings NV | 0.29% | 45,000 | $4.6M | Add +12.5% |
| MLCO Melco Resorts & Entert-ADR | 0.28% | 849,397 | $4.5M | New |
| JBI Janus International Group Inc. | 0.28% | 614,008 | $4.4M | Add +372.3% |
| DFAX Dimensional World Ex US Core | 0.27% | 165,000 | $4.3M | No change |
| JRVR James River Group Holdings I | 0.27% | 1,020,899 | $4.3M | Reduce -8.3% |
| LKQ LKQ Corp. | 0.27% | 100,000 | $4.3M | No change |
| OPLN Openlane Inc. | 0.27% | 220,000 | $4.2M | No change |
| ONIT Onity Group Inc. | 0.26% | 129,356 | $4.2M | No change |
| DFIC Dimensional International Co. | 0.26% | 150,000 | $4.2M | No change |
| CC The Chemours Co. | 0.26% | 302,807 | $4.1M | Reduce -3.4% |
| CNC Centene Corp. | 0.26% | 66,660 | $4.0M | No change |
Options reported separately and not counted above: TSLA puts ($16.6M), MS puts ($12.4M), BRK.B puts ($10.7M), UNH puts ($10.4M), NVDA puts ($6.5M), SPY puts ($5.6M), GOOG puts ($4.7M), MSTR puts ($2.9M), APP puts ($2.6M), DOCU calls ($2.0M), DJT puts ($1.6M), SMCI calls ($1.2M), and 3 more.
Other holdings (2): bonds, preferreds, convertibles and warrants · $15K (not counted above)
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q4 2024 → Q1 2025
| MS Morgan Stanley | Sold out | 0.00% | −5.31 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −4.47 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −2.19 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.45 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −1.19 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.42 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.25 |
| AAP Advance Auto Parts Inc. | Sold out | 0.00% | −0.21 |
| JBLU Jetblue Airways Corp. | Reduce -95.6% | 0.01% | −0.18 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.13 |
| INDI Indie Semiconductor Inc. Class A | Reduce -45.1% | 0.06% | −0.12 |
| BMBL Bumble Inc. Class A | Reduce -4.6% | 0.17% | −0.10 |
| RH RH | Sold out | 0.00% | −0.08 |
| OPRT Oportun Financial Corp. | Reduce -64.8% | 0.11% | −0.07 |
| AEO American Eagle Outfitters | Sold out | 0.00% | −0.06 |
| PII Polaris Inc. | Reduce -76.0% | 0.02% | −0.06 |
| GTLS Chart Industries Inc. | Reduce -33.3% | 0.09% | −0.06 |
| EXPE Expedia Group Inc. | Reduce -75.0% | 0.02% | −0.06 |
| TIDAL TRUST II | Sold out | 0.00% | −0.06 |
| BRSL Brightstar Lottery PLC | Sold out | 0.00% | −0.05 |
| URI United Rentals Inc. | Reduce -15.4% | 0.43% | −0.04 |
| HBI Hanesbrands Inc. | Reduce -11.0% | 0.17% | −0.04 |
| KODK Eastman Kodak Co. | Sold out | 0.00% | −0.04 |
| IVAC Intevac Inc. | Sold out | 0.00% | −0.04 |
| NBIS Nebius Group NV | Reduce -20.0% | 0.11% | −0.04 |
| RNG Ringcentral Inc. Class A | Sold out | 0.00% | −0.04 |
| PSTX Poseida Therapeutics Inc. | Sold out | 0.00% | −0.04 |
| MURA Mural Oncology PLC | Reduce -6.6% | 0.03% | −0.03 |
| STNE Stoneco Ltd. Class A | Sold out | 0.00% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.03 |
| EXFY Expensify Inc. Class A | Reduce -41.2% | 0.05% | −0.03 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.03 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.02 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.02 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.02 |
| ALLK Allakos LLC | Reduce -50.7% | 0.00% | −0.02 |
| HPQ HP Inc. | Sold out | 0.00% | −0.02 |
| THRY Thryv Holdings Inc. | Reduce -24.9% | 0.07% | −0.02 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −0.02 |
| AFRM Affirm Holdings Inc. | Reduce -50.0% | 0.01% | −0.02 |
| CC The Chemours Co. | Reduce -3.4% | 0.26% | −0.02 |
| C Citigroup Inc. | Sold out | 0.00% | −0.02 |
| EEM iShares MSCI Emerging Market | Reduce -50.0% | 0.03% | −0.02 |
| SNBRQ Sleep Number Corp. | Sold out | 0.00% | −0.02 |
| GEAR Revelyst Inc. | Sold out | 0.00% | −0.01 |
| DOLE Dole PLC | Sold out | 0.00% | −0.01 |
| BUR Burford Capital Ltd. | Sold out | 0.00% | −0.01 |
| JRVR James River Group Holdings I | Reduce -8.3% | 0.27% | −0.01 |
| WWW Wolverine World Wide Inc. | Sold out | 0.00% | −0.01 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| AMZN Amazon.com Inc. | New | 0.40% | +0.40 |
| CE Celanese Corp. | New | 0.33% | +0.33 |
| MLCO Melco Resorts & Entert-ADR | New | 0.28% | +0.28 |
| JBI Janus International Group Inc. | Add +372.3% | 0.28% | +0.23 |
| VSTS Vestis Corp. | Add +1180.2% | 0.19% | +0.17 |
| WNC Wabash National Corp. | New | 0.16% | +0.16 |
| BZH Beazer Homes USA Inc. | Add +238.3% | 0.23% | +0.16 |
| CWH Camping World Holdings Inc. Class A | Add +345.1% | 0.20% | +0.15 |
| REZI Resideo Technologies Inc. | New | 0.15% | +0.15 |
| CVS CVS Health Corp. | New | 0.13% | +0.13 |
| SVIX -1X Short Vix Futures ETF | Add +511.2% | 0.15% | +0.13 |
| NBR Nabors Industries Ltd. | New | 0.13% | +0.13 |
| SABR Sabre Corp. | New | 0.13% | +0.13 |
| KFY Korn Ferry | New | 0.12% | +0.12 |
| MPAA Motorcar Parts of America Inc. | Add +6.5% | 0.31% | +0.12 |
| XOM Exxon Mobil Corp. | Add +47.6% | 0.23% | +0.11 |
| KROS Keros Therapeutics Inc. | New | 0.11% | +0.11 |
| PBI Pitney Bowes Inc. | New | 0.10% | +0.10 |
| ADT Adt Inc. | Add +475.0% | 0.12% | +0.10 |
| AER Aercap Holdings NV | Add +12.5% | 0.29% | +0.09 |
| CVI CVR Energy Inc. | New | 0.06% | +0.06 |
| UNF Unifirst Corp. | New | 0.06% | +0.06 |
| GLD SPDR Gold Shares | New | 0.05% | +0.05 |
| HSY The Hershey Co. | New | 0.05% | +0.05 |
| DHC Diversified Healthcare Trust | Add +4.5% | 0.21% | +0.05 |
| DINO HF Sinclair Corp. | Add +20.0% | 0.19% | +0.05 |
| PDD PDD Holdings Inc. | Add +100.0% | 0.07% | +0.05 |
| HOV Hovnanian Enterprises-A | New | 0.05% | +0.05 |
| SHEL Shell PLC-ADR | New | 0.05% | +0.05 |
| OI O-I Glass Inc. | New | 0.04% | +0.04 |
| SKY Champion Homes Inc. | New | 0.04% | +0.04 |
| VIRT Virtu Financial Inc. Class A | Add +150.0% | 0.06% | +0.04 |
| ALIT Alight Inc. Class A | New | 0.04% | +0.04 |
| GT Goodyear Tire & Rubber Co. | New | 0.04% | +0.04 |
| LEG Leggett & Platt Inc. | Add +17.4% | 0.23% | +0.03 |
| ACMR Acm Research Inc. Class A | New | 0.03% | +0.03 |
| ORCL Oracle Corp. | Add +30.3% | 0.11% | +0.03 |
| SEB Seaboard Corp. | New | 0.03% | +0.03 |
| OLO Olo Inc. Class A | New | 0.03% | +0.03 |
| KMX Carmax Inc. | New | 0.02% | +0.02 |
| AMR Alpha Metallurgical Resource | New | 0.02% | +0.02 |
| BABA Alibaba Group Holding-SP ADR | New | 0.02% | +0.02 |
| TWLO Twilio Inc. Class A | Add +9.1% | 0.11% | +0.02 |
| TFX Teleflex Inc. | New | 0.02% | +0.02 |
| AVTR Avantor Inc. | New | 0.02% | +0.02 |
| BXC Bluelinx Holdings Inc. | Add +102.5% | 0.05% | +0.02 |
| CNR Core Natural Resources Inc. | New | 0.02% | +0.02 |
| KOP Koppers Holdings Inc. | New | 0.02% | +0.02 |
| UGP Ultrapar Particpac-Spon ADR | New | 0.02% | +0.02 |
| NUS Nu Skin Enterprises Inc. Class A | New | 0.02% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| TSLA Tesla Inc. | put | New | 64,000 | $16.6M |
| MS Morgan Stanley | put | New | 106,000 | $12.4M |
| BRK.B Berkshire Hathaway Inc. Class B | put | New | 20,000 | $10.7M |
| UNH Unitedhealth Group Inc. | put | New | 20,000 | $10.4M |
| NVDA Nvidia Corp. | put | New | 60,000 | $6.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 10,000 | $5.6M |
| GOOG Alphabet Inc. Class C | put | New | 30,000 | $4.7M |
| MSTR Strategy Inc. | put | New | 10,000 | $2.9M |
| APP AppLovin Corp. Class A | put | Reduce -28.6% | 10,000 | $2.6M |
| IOT Samsara Inc. Class A | put | Sold out | 50,000 | $2.2Mbefore exit |
| DOCU Docusign Inc. | call | New | 25,000 | $2.0M |
| SMCI Super Micro Computer Inc. | call | Reduce -10.0% | 36,000 | $1.2M |
| SNAP Snap Inc. Class A | call | New | 120,000 | $1.0M |
| NWL Newell Brands Inc. | call | Sold out | 91,000 | $906Kbefore exit |
| LYFT LYFT Inc. Class A | call | New | 40,000 | $494K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 24,398 | $672Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |