In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Rpo LLC reported 28 stock positions worth $63.7 million . Its top holding was Fidelity Wise Origin Bitcoin (FBTC) at 19.6% of the portfolio, followed by Bitwise Bitcoin ETF (BITB, 15.1% ) and Conocophillips (COP, 12.8% ). Compared with Q1 2024, it opened 7 new positions, sold out of 9, added to 1 and reduced 5. The biggest buy was a new position in Conocophillips (COP) and the biggest sale an exit from BlackRock Sci & Tech TRM TR (BSTZ).
Location Stamford, CT
CIK 0001885066
Portfolio Value $63.7M (Q2 2024) Holdings 28 stocks · $63.7M 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 2024 FBTC Fidelity Wise Origin Bitcoin 237,730 $12.5M No change BITB Bitwise Bitcoin ETF 295,085 $9.6M No change COP Conocophillips 71,332 $8.2M New HQH Abrdn Healthcare Investors 247,245 $4.3M Reduce -33.3% XGDVX Gabelli Dividend & Income TR 173,461 $3.9M No change HQL Abrdn Life Sciences Investor 259,275 $3.7M Reduce -23.4% DFP Flaherty & Crumrine DYN Pref 166,051 $3.2M No change CHW Calamos Global Dynamic Incom 388,441 $2.7M Reduce -5.6% NUE Nucor Corp. 16,020 $2.5M New MS Morgan Stanley 20,371 $2.0M New STEW SRH Total Return Fund Inc. 130,042 $1.9M Add +15.2% CMG Chipotle Mexican Grill Inc. 28,050 $1.8M New AAPL Apple Inc. 5,150 $1.1M New GLO Clough Global Opportunities 198,561 $1.1M No change XBOEX BlackRock Enh GLBL DVD TR 96,979 $1.0M Reduce -63.9% XGLQX Clough Global Equity Fund 92,327 $644K No change EZBC Franklin Bitcoin ETF 17,900 $623K New HODL Vaneck Bitcoin ETF 8,381 $569K No change ARKB ARK 21SHARES Bitcoin ETF 9,470 $568K No change IBIT iShares Bitcoin Trust ETF 16,607 $567K No change GLV Clough Global Dividend & Inc. 97,345 $555K No change ECF Ellsworth Growth and Income 35,664 $294K No change XFFCX Flaherty & Crumrine Pref Inc. 11,144 $165K Reduce -75.8% JOF Japan Smaller Capitalization 15,467 $117K New PFO Flaherty & Crumrine P&I Opp 12,287 $104K No change WIW Western Asst Infl-LNK Opp 10,091 $86K No change BURTECH ACQUISITION CORP 45,520 $11K No change NORTHVIEW ACQUISITION CORP 23,114 $1K No change
Options reported separately and not counted above: AAPL puts ($18.4M), COP puts ($13.2M), MS puts ($9.7M), CMG puts ($6.3M), NUE puts ($5.5M), COP calls ($2.9M), NUE calls ($790K), AAPL calls ($421K).
Other holdings (12): bonds, preferreds, convertibles and warrants · $2.6M (not counted above) Security Class Shares / Principal Value Change MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal 2,000,000 $2.4M New LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 462,822 $88K No change EVEX.WS Eve Holdng Inc. -CW25 *W EXP 05/09/202 76,283 $27K No change DHAIW Aurora Technology Acquis -28 *W EXP 04/20/202 513,886 $21K No change AIIOW NWTN Inc. -CW27 *W EXP 11/11/202 95,559 $7K No change SBCWW Pono Capital Two Inc. -27 *W EXP 09/17/202 99,855 $7K No change BWAQW Blue World Acquisition -29 *W EXP 01/10/202 21,100 $2K No change IVCPW Swiftmerge Acquisition -CW23 *W EXP 12/13/202 13,996 $977 No change ALSWF Alpha Star Acquisition -CW23 *W EXP 12/13/202 40,929 $479 No change SLNWF Selina Hospitality PLC-27 *W EXP 10/27/202 20,000 $298 No change KACWF Kairous Acquisition -23 *W EXP 09/15/202 11,126 $100 No change CNGLW Canna-Global Acquisit -CW23 *W EXP 99/99/999 123,328 $0 No change
Total filed on the 13F, all lines: $66.3M.
Portfolio Sells Q1 2024 → Q2 2024 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 2024 % Of Portfolio Change To Portfolio ▲ BSTZ BlackRock Sci & Tech TRM TR Sold out 0.00% −6.63 XBOEX BlackRock Enh GLBL DVD TR Reduce -63.9% 1.62% −2.53 HQH Abrdn Healthcare Investors Reduce -33.3% 6.78% −2.44 DPG Duff & Phelps Utility & Inc. Sold out 0.00% −2.11 XLGIX Lazard GLBL TTL RTRN & Inc. Sold out 0.00% −2.08 GRX Gabelli Healthcare & Well Sold out 0.00% −2.06 XMVTX BlackRock Munivest Fund II Sold out 0.00% −1.33 HQL Abrdn Life Sciences Investor Reduce -23.4% 5.77% −1.05 CPRI Capri Holdings Ltd. Sold out 0.00% −1.00 XFFCX Flaherty & Crumrine Pref Inc. Reduce -75.8% 0.26% −0.75 NBH Neuberger Municipal Fund Inc. Sold out 0.00% −0.60 SPE Special Opportunities Fund Sold out 0.00% −0.32 SABA Saba Capital Income & Opport Sold out 0.00% −0.09 CHW Calamos Global Dynamic Incom Reduce -5.6% 4.18% +0.23
Portfolio Buys Q1 2024 → Q2 2024 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 2024 % Of Portfolio Change To Portfolio ▼ COP Conocophillips New 12.81% +12.81 NUE Nucor Corp. New 3.98% +3.98 MS Morgan Stanley New 3.11% +3.11 CMG Chipotle Mexican Grill Inc. New 2.76% +2.76 AAPL Apple Inc. New 1.70% +1.70 EZBC Franklin Bitcoin ETF New 0.98% +0.98 STEW SRH Total Return Fund Inc. Add +15.2% 2.97% +0.46 JOF Japan Smaller Capitalization New 0.18% +0.18
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ AAPL Apple Inc. put New 87,500 $18.4M COP Conocophillips put New 115,500 $13.2M MS Morgan Stanley put New 100,000 $9.7M CMG Chipotle Mexican Grill Inc. put New 100,000 $6.3M NUE Nucor Corp. put New 34,500 $5.5M COP Conocophillips call New 25,500 $2.9M DJT Trump Media & Technology Gro put Sold out 13,000 $805Kbefore exit NUE Nucor Corp. call New 5,000 $790K CPRI Capri Holdings Ltd. put Sold out 14,900 $675Kbefore exit AAPL Apple Inc. call New 2,000 $421K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal New 2,000,000 $2.4M SCRMW Screaming Eagle Acq Class A -27 *W EXP 99/99/999 Sold out 419,840 $198Kbefore exit GMFIW Aetherium Acquisition A -28 *W EXP 99/99/999 Sold out 29,800 $2Kbefore 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 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