In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Rpo LLC reported 12 stock positions worth $14.7 million . Its top holding was Liberty All Star Equity Fund (USA) at 27.4% of the portfolio, followed by SRH Total Return Fund (STEW, 21.9% ) and Liberty All-Star Growth FD (ASG, 21.3% ). Compared with Q1 2026, it opened 1 new position, sold out of 7, added to 3 and reduced 4. The biggest buy was Liberty All-Star Growth FD (ASG, shares +54% ) and the biggest sale an exit from Grayscale Ethereum Staking M (ETH).
Location Stamford, CT
CIK 0001885066
Portfolio Value $14.7M (Q2 2026) Holdings 12 stocks · $14.7M 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 2026 USA Liberty All Star Equity Fund 690,200 $4.0M Add +20.3% STEW SRH Total Return Fund Inc. 178,990 $3.2M No change ASG Liberty All-Star Growth FD 571,839 $3.1M Add +53.9% XRPZ Franklin XRP ETF 79,050 $897K New GLO Clough Global Opportunities 91,479 $560K No change XGLQX Clough Global Equity Fund 56,323 $486K Reduce -31.2% GLV Clough Global Dividend & Inc. 70,753 $470K No change CHW Calamos Global Dynamic Incom 47,570 $424K No change SABA Saba Capital Income & Opp II 49,907 $417K Reduce -59.5% BSOL Bitwise Solana Staking ETF 40,350 $404K Reduce -53.5% ETJ Eaton Vance RSK-MGD Divers 41,442 $343K Add +113.2% ETHB Ishr Staked Ether TRST ETF 15,600 $317K Reduce -50.0%
Options reported separately and not counted above: IBIT calls ($4.1M), USO calls ($1.0M), USO puts ($585K), UVXY puts ($356K), IBIT puts ($116K).
Other holdings (5): bonds, preferreds, convertibles and warrants · $9.6M (not counted above) Total filed on the 13F, all lines: $24.3M.
Portfolio Sells Q1 2026 → Q2 2026 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 2026 % Of Portfolio Change To Portfolio ▲ ETH Grayscale Ethereum Staking M Sold out 0.00% −8.34 XFLT Xai Fltng Rte&alt Inc. TRS-Ui Sold out 0.00% −8.03 SOEZ Franklin Solana ETF Sold out 0.00% −4.25 FETH Fidelity Ethereum Fund Sold out 0.00% −3.88 VSOL Vaneck Solana ETF Sold out 0.00% −3.71 BRW Saba Capital Income & Opport Sold out 0.00% −3.31 SABA Saba Capital Income & Opp II Reduce -59.5% 2.84% −2.48 BSOL Bitwise Solana Staking ETF Reduce -53.5% 2.76% −2.23 ETHB Ishr Staked Ether TRST ETF Reduce -50.0% 2.16% −2.21 CUK Carnival PLC-ADR Sold out 0.00% −1.49 XGLQX Clough Global Equity Fund Reduce -31.2% 3.31% +0.11
Portfolio Buys Q1 2026 → Q2 2026 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 2026 % Of Portfolio Change To Portfolio ▼ ASG Liberty All-Star Growth FD Add +53.9% 21.34% +12.16 USA Liberty All Star Equity Fund Add +20.3% 27.36% +10.80 XRPZ Franklin XRP ETF New 6.12% +6.12 ETJ Eaton Vance RSK-MGD Divers Add +113.2% 2.34% +1.51
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ IBIT iShares Bitcoin Trust ETF call New 122,400 $4.1M USO United States Oil Fund LP call New 9,400 $1.0M USO United States Oil Fund LP put Reduce -89.7% 5,500 $585K IBIT iShares Bitcoin Trust ETF put New 3,500 $116K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026 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 12 $14.7M USA, STEW, ASG, XRPZ, GLO Q1 2026 18 $19.2M USA, STEW, ASG, ETH, XFLT Q4 2025 48 $77.1M SPY, MSFT, AAPL, USA, BSOL Q3 2025 21 $55.6M SPY, FBTC, BITB, IBIT, CUK Q2 2025 17 $33.8M FBTC, IBIT, BITB, STEW, ARKB Q1 2025 19 $43.9M BAC, ISRG, XME, CSCO, AAPL Q4 2024 64 $70.5M BITB, FBTC, COP, SPY, NUE Q3 2024 24 $64.4M FBTC, SPY, BITB, COP, NUE Q2 2024 28 $63.7M FBTC, BITB, COP, HQH, XGDVX Q1 2024 30 $67.7M FBTC, BITB, HQH, HQL, BSTZ