RK Capital Management, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), RK Capital Management, LLC reported 13 stock positions worth $81.5 million . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 30.9% of the portfolio, followed by Proshares Bitcoin ETF-Usd (BITO, 22.0% ) and Innovator U.S. Equity Power (PFEB, 15.1% ). Compared with Q1 2025, it opened 8 new positions, sold out of 6, added to 2 and reduced 2. The biggest buy was Proshares Bitcoin ETF-Usd (BITO, shares +374% ) and the biggest sale an exit from Nvidia (NVDA).
Location Weston, FL
CIK 0001905218
Portfolio Value $81.5M (Q2 2025) Holdings 13 stocks · $81.5M 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 Q1 2025 SPY SS SPDR S&P 500 ETF Trust-US 40,767 $25.2M Add +1.4% BITO Proshares Bitcoin ETF-Usd 833,600 $17.9M Add +374.5% PFEB Innovator U.S. Equity Power 324,093 $12.3M No change RTACU Renatus Tactical Acquisition 775,000 $9.9M New SKX Skechers USA Inc. Class A 100,000 $6.3M New UNOV Innovator U.S. Equity Ultra 107,130 $3.9M New DFDV Defi Development Corp. 103,474 $2.2M New TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 101,900 $1.1M New DJT Trump Media & Technology Gro 50,980 $920K New TKO Tko Group Holdings Inc. 3,800 $691K New NOCT Innovator Growth-100 Power B 10,000 $545K New MO Altria Group Inc. 4,600 $270K Reduce -87.3% ET Energy Transfer LP 13,900 $252K Reduce -56.6%
Options reported separately and not counted above: SPY puts ($4.9B), SPY calls ($4.8B), DFDV puts ($600K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $87K (not counted above) Security Class Shares / Principal Value Change DISTR Distoken Acquisition Corp. RIGHT 99/99/9999 250,000 $73K New LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 18,300 $7K New TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 10,052 $7K New
Total filed on the 13F, all lines: $81.6M.
Portfolio Sells Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ NVDA Nvidia Corp. Sold out 0.00% −47.32 TSLA Tesla Inc. Sold out 0.00% −12.30 MO Altria Group Inc. Reduce -87.3% 0.33% −1.73 FNA Paragon 28 Inc. Sold out 0.00% −1.19 SIRI Sirius XM Holdings Inc. Sold out 0.00% −0.41 T AT&T Inc. Sold out 0.00% −0.40 EPD Enterprise Products Partners Sold out 0.00% −0.35 ET Energy Transfer LP Reduce -56.6% 0.31% −0.26
Portfolio Buys Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ BITO Proshares Bitcoin ETF-Usd Add +374.5% 22.01% +18.95 RTACU Renatus Tactical Acquisition New 12.11% +12.11 SPY SS SPDR S&P 500 ETF Trust-US Add +1.4% 30.92% +9.58 SKX Skechers USA Inc. Class A New 7.75% +7.75 UNOV Innovator U.S. Equity Ultra New 4.75% +4.75 DFDV Defi Development Corp. New 2.72% +2.72 TMS Teamshares Inc. New 1.34% +1.34 DJT Trump Media & Technology Gro New 1.13% +1.13 TKO Tko Group Holdings Inc. New 0.85% +0.85 NOCT Innovator Growth-100 Power B New 0.67% +0.67
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +0.3% 7,864,362 $4.9B SPY SS SPDR S&P 500 ETF Trust-US call Reduce -0.2% 7,840,000 $4.8B QQQ Invesco QQQ Trust Series 1 put Sold out 40,000 $18.8Mbefore exit QQQ Invesco QQQ Trust Series 1 call Sold out 16,000 $7.5Mbefore exit DFDV Defi Development Corp. put New 28,000 $600K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025 Security Class Change vs Q1 2025 Shares / Principal Value ▼ DISTR Distoken Acquisition Corp. RIGHT 99/99/9999 New 250,000 $73K LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 New 18,300 $7K TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 New 10,052 $7K
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 18 $1.8B NVDA, AMZN, SNDK, GOOG, MSFT Q1 2026 20 $43.3M PSLV, IWM, SPY, AACI, UNOV Q4 2025 18 $1.6B NVDA, TSLA, AMZN, AVGO, AMD Q3 2025 13 $64.6M SPY, PFEB, NAKA, UNOV, RNAM Q2 2025 13 $81.5M SPY, BITO, PFEB, RTACU, SKX Q1 2025 Amended 11 $105.4M NVDA, SPY, TSLA, PFEB, BITO Q4 2024 Amended 10 $1.2B NVDA, GOOG, AMD, AAPL, IBIT Q3 2024 Amended 11 $97.6M BITO, SPY, BLK, QQQ, MO Q2 2024 Amended 16 $95.7M BITO, HYG, SPY, ET, PFTA Q1 2024 Amended 5 $82.3M BITO, SPY, FLG, SGRY, CLMT