RK Capital Management, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), RK Capital Management, LLC reported 20 stock positions worth $43.3 million. Its top holding was Sprott Physical Silver Trust (PSLV) at 28.7% of the portfolio, followed by iShares Russell 2000 ETF (IWM, 17.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 15.4%). Compared with Q4 2025, it opened 16 new positions, sold out of 14 and reduced 3. The biggest buy was a new position in Sprott Physical Silver Trust (PSLV) and the biggest sale an exit from Nvidia (NVDA).

Most Recent 13F
Q2 2026
Location
Weston, FL
CIK
0001905218
Portfolio Value
$43.3M (Q1 2026)
SEC Filing
0001214659-26-006021 ↗ filed May 13, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $82.3M Q1 2024 Q2 2024: $95.7M Q2 2024 Q3 2024: $97.6M Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $105.4M Q1 2025 Q2 2025: $81.5M Q2 2025 Q3 2025: $64.6M Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $43.3M $43.3M Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 20 stocks · $43.3M
PSLV Sprott Physical Silver Trust 28.70% 509,906 $12.4M New
IWM iShares Russell 2000 ETF 17.54% 30,645 $7.6M New
SPY SS SPDR S&P 500 ETF Trust-US 15.40% 10,263 $6.7M Reduce -0.0%
AACI Armada Acq Corp. III-A 12.21% 535,980 $5.3M New
UNOV Innovator U.S. Equity Ultra 5.73% 66,637 $2.5M No change
EA Electronic Arts Inc. 3.43% 7,300 $1.5M New
ACLX Arcellx Inc. 3.14% 11,858 $1.4M New
C Citigroup Inc. 2.02% 7,700 $873K New
SVIA Silvia Inc. filed as PROCAP FINL INC 1.70% 349,865 $738K Reduce -0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.57% 2,800 $679K New
ZIM Zim Integrated Shipping Serv 1.45% 23,900 $630K New
ET Energy Transfer LP 1.33% 29,900 $577K New
NAPR Innovator Growth 100 Power B 1.30% 10,000 $564K New
UPS United Parcel Service Class B 1.29% 5,700 $561K New
BITO Proshares Bitcoin ETF-Usd 1.04% 48,582 $452K New
NAKA Nakamoto Inc. 1.01% 1,979,570 $437K Reduce -28.5%
B Barrick Mining Corp. 0.58% 6,200 $253K New
PAYO Payoneer Global Inc. 0.27% 24,494 $118K New
ELME Elme Communities 0.22% 47,712 $96K New
FUSE Fusemachines Inc. 0.04% 19,013 $18K New

Options reported separately and not counted above: SPY calls ($1.3B), SPY puts ($1.2B).

Other holdings (3): bonds, preferreds, convertibles and warrants · $178K (not counted above)
SecurityClassShares / PrincipalValueChange
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 166,711$100KNo change
AACIW Armada Acquisition Corp. III *W EXP 02/13/203 270,096$69KNew
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 18,300$9KNo change

Total filed on the 13F, all lines: $43.5M.

Portfolio Sells Q4 2025 → Q1 2026
NVDA Nvidia Corp. Sold out 0.00% −51.43
TSLA Tesla Inc. Sold out 0.00% −12.73
AMZN Amazon.com Inc. Sold out 0.00% −12.52
AVGO Broadcom Inc. Sold out 0.00% −6.12
AMD Advanced Micro Devices Sold out 0.00% −4.78
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −3.86
UNH Unitedhealth Group Inc. Sold out 0.00% −3.79
NFLX Netflix Inc. Sold out 0.00% −3.78
MSTR Strategy Inc. Sold out 0.00% −0.06
PFEB Innovator U.S. Equity Power Sold out 0.00% −0.06
MRVL Marvell Technology Inc. Sold out 0.00% −0.05
DFDV Defi Development Corp. Sold out 0.00% −0.04
NOCT Innovator Growth-100 Power B Sold out 0.00% −0.04
EMPD Empery Digital Inc. Sold out 0.00% −0.01
NAKA Nakamoto Inc. Reduce -28.5% 1.01% +0.95
SVIA Silvia Inc. Reduce -0.8% 1.70% +1.63
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.0% 15.40% +14.97

Portfolio Buys Q4 2025 → Q1 2026
PSLV Sprott Physical Silver Trust New 28.70% +28.70
IWM iShares Russell 2000 ETF New 17.54% +17.54
AACI Armada Acq Corp. III-A New 12.21% +12.21
EA Electronic Arts Inc. New 3.43% +3.43
ACLX Arcellx Inc. New 3.14% +3.14
C Citigroup Inc. New 2.02% +2.02
IBM Intl Business Machines Corp. New 1.57% +1.57
ZIM Zim Integrated Shipping Serv New 1.45% +1.45
ET Energy Transfer LP New 1.33% +1.33
NAPR Innovator Growth 100 Power B New 1.30% +1.30
UPS United Parcel Service Class B New 1.29% +1.29
BITO Proshares Bitcoin ETF-Usd New 1.04% +1.04
B Barrick Mining Corp. New 0.58% +0.58
PAYO Payoneer Global Inc. New 0.27% +0.27
ELME Elme Communities New 0.22% +0.22
FUSE Fusemachines Inc. New 0.04% +0.04

Options Activity Q4 2025 → Q1 2026
SPY SS SPDR S&P 500 ETF Trust-US call New 4,780,000 $1.3B
SPY SS SPDR S&P 500 ETF Trust-US put New 4,790,000 $1.2B
NVDA Nvidia Corp. put Sold out 4,996,100 $931.8Mbefore exit
TSLA Tesla Inc. put Sold out 681,700 $306.6Mbefore exit
AMZN Amazon.com Inc. put Sold out 1,312,500 $303.0Mbefore exit
TSLA Tesla Inc. call Sold out 231,700 $104.2Mbefore exit
NVDA Nvidia Corp. call Sold out 548,500 $102.3Mbefore exit
AMZN Amazon.com Inc. call Sold out 437,500 $101.0Mbefore exit
AVGO Broadcom Inc. put Sold out 285,000 $98.6Mbefore exit
AMD Advanced Micro Devices put Sold out 360,000 $77.1Mbefore exit
PLTR Palantir Technologies Inc. Class A put Sold out 350,000 $62.2Mbefore exit
UNH Unitedhealth Group Inc. put Sold out 185,000 $61.1Mbefore exit
NFLX Netflix Inc. put Sold out 650,000 $60.9Mbefore exit
IBIT iShares Bitcoin Trust ETF put Sold out 79,000 $3.9Mbefore exit

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

Notes & Other Activity Q4 2025 → Q1 2026
AACIW Armada Acquisition Corp. III *W EXP 02/13/203 New 270,096 $69K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 18$1.8BNVDA, AMZN, SNDK, GOOG, MSFT
Q1 2026 20$43.3MPSLV, IWM, SPY, AACI, UNOV
Q4 2025 18$1.6BNVDA, TSLA, AMZN, AVGO, AMD
Q3 2025 13$64.6MSPY, PFEB, NAKA, UNOV, RNAM
Q2 2025 13$81.5MSPY, BITO, PFEB, RTACU, SKX
Q1 2025Amended 11$105.4MNVDA, SPY, TSLA, PFEB, BITO
Q4 2024Amended 10$1.2BNVDA, GOOG, AMD, AAPL, IBIT
Q3 2024Amended 11$97.6MBITO, SPY, BLK, QQQ, MO
Q2 2024Amended 16$95.7MBITO, HYG, SPY, ET, PFTA
Q1 2024Amended 5$82.3MBITO, SPY, FLG, SGRY, CLMT