RBF Capital, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 18, 2026), RBF Capital, LLC reported 487 stock positions worth $2.0 billion. Its top holding was Morgan Stanley (MS) at 6.6% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.7%) and Meta Platforms Class A (META, 3.0%). Compared with Q4 2025, it opened 20 new positions, sold out of 80, added to 20 and reduced 109. The biggest buy was a new position in Astronics (ATRO) and the biggest sale Makemytrip (MMYT, shares −1%).

Most Recent 13F
Q2 2026
Location
RENO, NV
CIK
0001134621
Portfolio Value
$2.0B (Q1 2026)
SEC Filing
0001062993-26-002771 ↗ filed May 18, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $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 $2.0B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 487 stocks · $2.0B
MS Morgan Stanley 6.55% 810,432 $133.4M No change
SPY SS SPDR S&P 500 ETF Trust-US 4.67% 146,300 $95.1M No change
META Meta Platforms Inc. Class A 2.95% 105,000 $60.1M No change
BRK.A Berkshire Hathaway Inc. Class A 2.68% 76 $54.6M No change
DAC Danaos Corp. 2.31% 418,015 $47.1M No change
APP AppLovin Corp. Class A 2.25% 114,955 $45.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.82% 760,000 $37.0M No change
HCA HCA Healthcare Inc. 1.74% 75,000 $35.5M No change
GOOG Alphabet Inc. Class C 1.69% 120,000 $34.4M No change
MA Mastercard Inc. Class A 1.61% 65,500 $32.7M No change
AAPL Apple Inc. 1.50% 120,000 $30.5M No change
V Visa Inc. Class A 1.41% 95,000 $28.7M No change
MOD Modine Manufacturing Co. 1.06% 100,000 $21.7M No change
FICO Fair Isaac Corp. 1.05% 20,000 $21.4M No change
BLDR Builders Firstsource Inc. 1.05% 258,702 $21.3M No change
SPGI S&P Global Inc. 1.04% 50,000 $21.3M No change
LINC Lincoln Educational Services 1.00% 499,070 $20.3M No change
GS Goldman Sachs Group Inc. 0.96% 23,000 $19.5M No change
ET Energy Transfer LP 0.95% 1,000,000 $19.3M No change
MSFT Microsoft Corp. 0.91% 50,000 $18.5M No change
WLFC Willis Lease Finance Corp. 0.90% 107,711 $18.3M No change
THC Tenet Healthcare Corp. 0.86% 93,237 $17.6M No change
UTI Universal Technical Institut 0.84% 475,840 $17.2M No change
PEP Pepsico Inc. 0.83% 108,400 $16.8M No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.81% 214,574 $16.4M No change
UBER Uber Technologies Inc. 0.81% 228,000 $16.4M Reduce -1.3%
GSL Global Ship Lease Inc. Class A 0.80% 437,463 $16.3M No change
BKD Brookdale Senior Living Inc. 0.78% 1,160,000 $15.9M Reduce -0.8%
JLL Jones Lang Lasalle Inc. 0.75% 50,000 $15.2M No change
UNH Unitedhealth Group Inc. 0.73% 55,000 $14.9M No change
OPY Oppenheimer Holdings Class A 0.72% 163,771 $14.6M No change
GOOGL Alphabet Inc. Class A 0.71% 50,000 $14.4M No change
WLDN Willdan Group Inc. 0.69% 184,600 $14.1M No change
TPR Tapestry Inc. 0.69% 100,000 $14.1M No change
MAN Manpowergroup Inc. 0.69% 475,017 $14.0M Add +1.1%
ASC Ardmore Shipping Corp. 0.68% 901,880 $13.8M No change
AMZN Amazon.com Inc. 0.66% 65,000 $13.5M Add +30.0%
UBS UBS Group AG-Reg 0.65% 340,000 $13.3M No change
COF Capital One Financial Corp. 0.65% 72,596 $13.2M Add +5.3%
ENTG Entegris Inc. 0.63% 110,000 $12.9M Reduce -1.6%
WMT Walmart Inc. 0.63% 102,822 $12.8M Reduce -32.7%
STT State Street Corp. 0.60% 96,000 $12.1M No change
JPM JPMorgan Chase & Co. 0.59% 41,000 $12.1M No change
WFC Wells Fargo & Co. 0.59% 150,000 $11.9M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.58% 100,000 $11.9M No change
VIPS Vipshop Holdings Ltd. - ADR 0.54% 700,000 $11.0M Reduce -3.1%
TOL Toll Brothers Inc. 0.54% 80,500 $11.0M No change
MSCI MSCI Inc. 0.53% 20,000 $10.8M No change
CAT Caterpillar Inc. 0.52% 15,000 $10.6M No change
AVGO Broadcom Inc. 0.51% 33,730 $10.4M No change
DAL Delta Air Lines Inc. 0.49% 150,000 $10.0M No change
VCTR Victory Capital Holding - A 0.48% 149,063 $9.8M No change
URI United Rentals Inc. 0.47% 13,000 $9.5M Add +18.2%
PSX Phillips 66 0.45% 50,000 $9.1M No change
SPNT Siriuspoint Ltd. 0.44% 416,943 $9.0M No change
STC Stewart Information Services 0.44% 145,540 $9.0M No change
BGC BGC Group Inc. Class A 0.42% 880,325 $8.6M Reduce -2.0%
BCS Barclays PLC-Spons ADR 0.42% 400,000 $8.5M No change
MMYT Makemytrip Ltd. 0.40% 216,510 $8.1M Reduce -1.0%
GBTC Grayscale Bitcoin Trust ETF 0.39% 150,000 $7.9M No change
CNO Cno Financial Group Inc. 0.37% 185,034 $7.6M No change
THR Thermon Group Holdings Inc. 0.37% 150,000 $7.6M Reduce -3.2%
AIG American International Group 0.37% 100,000 $7.5M No change
LPG Dorian LPG Ltd. 0.37% 219,406 $7.5M No change
UAL United Airlines Holdings Inc. 0.36% 80,000 $7.4M No change
BKR Baker Hughes Co. 0.36% 120,000 $7.3M Reduce -7.7%
NBIS Nebius Group NV 0.36% 70,000 $7.3M Reduce -4.1%
JBI Janus International Group Inc. 0.35% 1,401,614 $7.2M Add +33.6%
IESC Ies Holdings Inc. 0.35% 15,000 $7.1M No change
JRVR James River Group Holdings I 0.35% 1,128,525 $7.1M Add +7.5%
PCG P G & E Corp. 0.35% 400,000 $7.0M No change
NVDA Nvidia Corp. 0.34% 40,000 $7.0M No change
AXP American Express Co. 0.34% 23,000 $7.0M No change
VSTS Vestis Corp. 0.34% 878,251 $6.9M Add +2.0%
ATRO Astronics Corp. 0.33% 100,372 $6.7M New
CSV Carriage Services Inc. 0.32% 143,430 $6.5M No change
DHC Diversified Healthcare Trust 0.32% 966,829 $6.4M Reduce -15.5%
BKNG Booking Holdings Inc. 0.31% 1,500 $6.3M No change
SLGN Silgan Holdings Inc. 0.30% 159,671 $6.2M No change
MDY State Street SPDR S&P Midcap 0.30% 10,000 $6.2M No change
RNR Renaissancere Holdings Ltd. 0.29% 20,000 $5.9M No change
PHM Pultegroup Inc. 0.29% 50,000 $5.9M No change
GBLI Global Indemnity Group LLC-A 0.29% 214,692 $5.8M Reduce -0.1%
BLK BlackRock Inc. 0.28% 6,000 $5.8M No change
OPLN Openlane Inc. 0.28% 197,000 $5.7M Reduce -6.2%
XPO Xpo Inc. 0.28% 29,000 $5.6M No change
KO The Coca-Cola Co. 0.26% 70,000 $5.3M No change
AMCR Amcor PLC 0.26% 133,787 $5.3M Reduce -7.9%
HBAN Huntington Bancshares Inc. 0.26% 339,596 $5.3M No change
NGS Natural Gas Services Group 0.26% 140,000 $5.3M No change
USPH U.S. Physical Therapy Inc. 0.26% 69,999 $5.2M No change
OSCR Oscar Health Inc. Class A 0.25% 449,604 $5.2M No change
MHO M/I Homes Inc. 0.25% 41,700 $5.1M No change
DFAI Dimensional International Co. 0.25% 130,000 $5.1M No change
LEG Leggett & Platt Inc. 0.24% 500,000 $4.9M Reduce -10.7%
WCC Wesco International Inc. 0.24% 18,000 $4.9M No change
ROCK Gibraltar Industries Inc. 0.24% 123,099 $4.9M No change
MDLZ Mondelez International Inc. Class A 0.24% 85,000 $4.9M No change
AER Aercap Holdings NV 0.24% 35,000 $4.8M No change
DFAX Dimensional World Ex US Core 0.23% 140,000 $4.8M No change

Show all 487 holdings

Options reported separately and not counted above: BRK.B puts ($4.8M), MS puts ($2.0M), TSLA puts ($1.5M), MSTR puts ($1.2M).

Portfolio Sells Q4 2025 → Q1 2026
MMYT Makemytrip Ltd. Reduce -1.0% 0.40% −0.42
WMT Walmart Inc. Reduce -32.7% 0.63% −0.15
MBC Masterbrand Inc. Reduce -63.1% 0.06% −0.13
CI The Cigna Group Sold out 0.00% −0.13
REAL The Realreal Inc. Reduce -19.9% 0.12% −0.12
CWH Camping World Holdings Inc. Class A Reduce -50.0% 0.07% −0.12
ALLY Ally Financial Inc. Reduce -68.8% 0.05% −0.12
FCN Fti Consulting Inc. Reduce -64.0% 0.08% −0.12
MLCO Melco Resorts & Entert-ADR Reduce -23.5% 0.18% −0.11
NWL Newell Brands Inc. Reduce -75.6% 0.04% −0.11
ORCL Oracle Corp. Sold out 0.00% −0.11
CE Celanese Corp. Reduce -74.5% 0.08% −0.11
TWLO Twilio Inc. Class A Reduce -65.2% 0.05% −0.10
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.10
LYFT LYFT Inc. Class A Sold out 0.00% −0.09
KMX Carmax Inc. Sold out 0.00% −0.09
VSXY Victoria's Secret & Co. Reduce -87.5% 0.01% −0.09
ANGI Angi Inc. Sold out 0.00% −0.09
GOOS Canada Goose Holdings Inc. Sold out 0.00% −0.06
LYEL Lyell Immunopharma Inc. Reduce -40.9% 0.04% −0.06
ABT Abbott Laboratories Sold out 0.00% −0.06
SBET Sharplink Inc. Sold out 0.00% −0.06
UBER Uber Technologies Inc. Reduce -1.3% 0.81% −0.06
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.05
NBR Nabors Industries Ltd. Reduce -68.4% 0.06% −0.05
TRUE Truecar Inc. Sold out 0.00% −0.05
EHTH Ehealth Inc. Reduce -11.4% 0.02% −0.05
LZ Legalzoomcom Inc. Sold out 0.00% −0.05
VIPS Vipshop Holdings Ltd. - ADR Reduce -3.1% 0.54% −0.04
KROS Keros Therapeutics Inc. Reduce -23.2% 0.03% −0.04
TEVA Teva Pharmaceutical-SP ADR Reduce -60.0% 0.03% −0.04
LEG Leggett & Platt Inc. Reduce -10.7% 0.24% −0.04
SEE Sealed Air Corp. Sold out 0.00% −0.04
CVS CVS Health Corp. Sold out 0.00% −0.04
LYV Live Nation Entertainment Inc. Reduce -25.0% 0.22% −0.04
ADSK Autodesk Inc. Reduce -11.5% 0.12% −0.04
STRT Strattec Security Corp. Sold out 0.00% −0.03
KORE Kore Group Holdings Inc. Sold out 0.00% −0.03
HPE Hewlett Packard Enterprise Sold out 0.00% −0.03
SLB SLB Ltd. Reduce -44.4% 0.13% −0.03
TNA Dir Dai SML Ca Bul 3X Et-Usd Sold out 0.00% −0.03
SEB Seaboard Corp. Sold out 0.00% −0.03
WNC Wabash National Corp. Reduce -57.5% 0.03% −0.03
TBLA Taboola.com Ltd. Reduce -36.0% 0.02% −0.03
SNCR Synchronoss Technologies Inc. Sold out 0.00% −0.03
IBM Intl Business Machines Corp. Sold out 0.00% −0.03
SKY Champion Homes Inc. Sold out 0.00% −0.03
KFY Korn Ferry Reduce -38.3% 0.05% −0.03
GEO The Geo Group Inc. Reduce -70.0% 0.01% −0.02
REZI Resideo Technologies Inc. Sold out 0.00% −0.02

Portfolio Buys Q4 2025 → Q1 2026
ATRO Astronics Corp. New 0.33% +0.33
ABNB Airbnb Inc. Class A New 0.23% +0.23
AMZN Amazon.com Inc. Add +30.0% 0.66% +0.14
PPG PPG Industries Inc. New 0.12% +0.12
PDD PDD Holdings Inc. New 0.10% +0.10
SUNB Sunbelt Rentals Holdings Inc. New 0.10% +0.10
PRGO Perrigo Co. PLC New 0.09% +0.09
SVIX -1X Short Vix Futures ETF New 0.09% +0.09
RH RH New 0.09% +0.09
VSTS Vestis Corp. Add +2.0% 0.34% +0.08
WSC Willscot Holdings Corp. New 0.08% +0.08
PRDO Perdoceo Education Corp. New 0.07% +0.07
BMBL Bumble Inc. Class A Add +86.9% 0.15% +0.07
URI United Rentals Inc. Add +18.2% 0.47% +0.06
HZO Marinemax Inc. Add +32.8% 0.14% +0.05
MAN Manpowergroup Inc. Add +1.1% 0.69% +0.05
PM Philip Morris International New 0.05% +0.05
BMNR Bitmine Immersion Technologi New 0.05% +0.05
EXPE Expedia Group Inc. New 0.05% +0.05
JRVR James River Group Holdings I Add +7.5% 0.35% +0.04
FISV Fiserv Inc. Add +400.0% 0.05% +0.04
JBI Janus International Group Inc. Add +33.6% 0.35% +0.04
PANW Palo Alto Networks Inc. New 0.04% +0.04
SLV iShares Silver Trust New 0.03% +0.03
RL Ralph Lauren Corp. Add +14.5% 0.19% +0.03
AVO Mission Produce Inc. Add +40.3% 0.07% +0.03
NNBR NN Inc. Add +71.8% 0.06% +0.03
RDN Radian Group Inc. Add +16.7% 0.23% +0.03
FONR Fonar Corp. Add +18.7% 0.08% +0.02
MTCH Match Group Inc. Add +16.7% 0.11% +0.02
JELD Jeld-Wen Holding Inc. New 0.02% +0.02
XRAY Dentsply Sirona Inc. Add +2.5% 0.12% +0.01
EWY iShares MSCI South Korea ETF New 0.01% +0.01
CARS Cars.com Inc. Add +93.3% 0.04% +0.01
CPA Copa Holdings SA Class A Add +40.0% 0.04% +0.01
NYT New York Times Co. Class A New 0.01% +0.01
SRG Seritage Growth Prop- A New 0.01% +0.01
LAC Lithium Americas Corp. New 0.00% +0.00
COF Capital One Financial Corp. Add +5.3% 0.65% −0.11
CTEV Claritev Corp. Add +0.8% 0.11% −0.15

Options Activity Q4 2025 → Q1 2026
BRK.B Berkshire Hathaway Inc. Class B put Reduce -84.6% 10,000 $4.8M
META Meta Platforms Inc. Class A put Sold out 3,000 $2.0Mbefore exit
MS Morgan Stanley put Reduce -90.0% 12,000 $2.0M
KMX Carmax Inc. call Sold out 45,000 $1.7Mbefore exit
DJT Trump Media & Technology Gro put Sold out 80,200 $1.1Mbefore exit
SNAP Snap Inc. Class A call Sold out 40,000 $323Kbefore 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