Rpo LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Rpo LLC reported 64 stock positions worth $70.5 million. Its top holding was Bitwise Bitcoin ETF (BITB) at 18.6% of the portfolio, followed by Fidelity Wise Origin Bitcoin (FBTC, 18.2%) and Conocophillips (COP, 15.2%). Compared with Q3 2024, it opened 45 new positions, sold out of 5, added to 5 and reduced 6. The biggest buy was a new position in Mexico Fund (MXF) and the biggest sale Fidelity Wise Origin Bitcoin (FBTC, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- Stamford, CT
- CIK
- 0001885066
- Portfolio Value
- $70.5M (Q4 2024)
- SEC Filing
- 0001085146-25-001103 ↗ filed Feb 12, 2025
Holdings Value
Holdings 64 stocks · $70.5M
| BITB Bitwise Bitcoin ETF | 18.64% | 258,385 | $13.1M | Reduce -15.1% |
| FBTC Fidelity Wise Origin Bitcoin | 18.20% | 157,280 | $12.8M | Reduce -35.4% |
| COP Conocophillips | 15.20% | 108,000 | $10.7M | Add +13.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 14.66% | 17,625 | $10.3M | Reduce -8.4% |
| NUE Nucor Corp. | 5.71% | 34,500 | $4.0M | Add +54.2% |
| STEW SRH Total Return Fund Inc. | 3.85% | 169,290 | $2.7M | Add +30.2% |
| MXF Mexico Fund Inc. | 2.82% | 150,485 | $2.0M | New |
| ARKB ARK 21SHARES Bitcoin ETF | 2.45% | 18,540 | $1.7M | No change |
| IBIT iShares Bitcoin Trust ETF | 2.25% | 29,857 | $1.6M | No change |
| EZBC Franklin Bitcoin ETF | 2.05% | 26,700 | $1.4M | No change |
| BRRR Coinshares Bitcoin ETF | 2.03% | 54,159 | $1.4M | No change |
| HODL Vaneck Bitcoin ETF | 1.93% | 12,861 | $1.4M | No change |
| CMG Chipotle Mexican Grill Inc. | 1.93% | 22,534 | $1.4M | Reduce -51.6% |
| JOF Japan Smaller Capitalization | 1.10% | 100,852 | $774K | Add +32.1% |
| XGLQX Clough Global Equity Fund | 0.87% | 92,327 | $615K | No change |
| DIAX Nuveen Dow 30 Dynamic Overwr | 0.84% | 39,270 | $591K | Add +25.6% |
| GLO Clough Global Opportunities | 0.81% | 111,479 | $571K | No change |
| CHW Calamos Global Dynamic Incom | 0.59% | 61,799 | $417K | No change |
| GLV Clough Global Dividend & Inc. | 0.54% | 70,753 | $384K | Reduce -3.5% |
| WIW Western Asst Infl-LNK Opp | 0.25% | 21,006 | $174K | Reduce -2.0% |
| RZLV Rezolve AI PLC | 0.15% | 28,240 | $108K | New |
| IRWD Ironwood Pharmaceuticals Inc. | 0.11% | 17,293 | $77K | New |
| DENN Denny's Corp. | 0.09% | 10,427 | $63K | New |
| TLRY Tilray Brands Inc. | 0.09% | 46,814 | $62K | New |
| HDSN Hudson Technologies Inc. | 0.09% | 11,136 | $62K | New |
| BRY Berry Corp. | 0.09% | 14,906 | $62K | New |
| ABCL Abcellera Biologics Inc. | 0.09% | 20,937 | $61K | New |
| DDD 3D Systems Corp. filed as 3-D SYS CORP DEL | 0.08% | 17,997 | $59K | New |
| KOS Kosmos Energy Ltd. | 0.08% | 17,175 | $59K | New |
| SMRT Smartrent Inc. | 0.08% | 33,333 | $58K | New |
| MQ Marqeta Inc. | 0.08% | 15,298 | $58K | New |
| PACB Pacific Biosciences of Calif | 0.08% | 31,477 | $58K | New |
| ACCD Accolade Inc. | 0.08% | 16,713 | $57K | New |
| SVC Service Pptys TR | 0.08% | 22,014 | $56K | New |
| OSUR Orasure Technologies Inc. | 0.08% | 15,406 | $56K | New |
| LESLIES INC | 0.08% | 24,805 | $55K | New |
| EB Eventbrite Inc. Class A | 0.08% | 16,443 | $55K | New |
| CLVT Clarivate PLC | 0.08% | 10,866 | $55K | New |
| WTI W&T Offshore Inc. | 0.08% | 33,249 | $55K | New |
| LDI Loandepot Inc. Class A | 0.08% | 27,000 | $55K | New |
| RIG Transocean Ltd. | 0.08% | 14,606 | $55K | New |
| LWLG Lightwave Logic Inc. | 0.08% | 26,021 | $55K | New |
| RVNC Revance Therapeutics Inc. | 0.08% | 17,969 | $55K | New |
| DHC Diversified Healthcare Trust | 0.08% | 23,557 | $54K | New |
| AGL Agilon Health Inc. | 0.08% | 28,206 | $54K | New |
| GSM Ferroglobe PLC | 0.08% | 13,979 | $53K | New |
| HUDSON PAC PPTYS INC | 0.07% | 17,114 | $52K | New |
| NXH Neighborhood Intelligence Inc. filed as BEYOND INC | 0.07% | 10,481 | $52K | New |
| GDRX Goodrx Holdings Inc. Class A | 0.07% | 11,103 | $52K | New |
| ACIU Ac Immune SA | 0.07% | 18,728 | $51K | New |
| ALEC Alector Inc. | 0.07% | 26,395 | $50K | New |
| BYND Beyond Meat Inc. | 0.07% | 13,184 | $50K | New |
| FUBO Fubotv Inc. | 0.07% | 37,863 | $48K | New |
| PGEN Precigen Inc. | 0.07% | 42,143 | $47K | New |
| SLRN Acelyrin Inc. | 0.07% | 14,693 | $46K | New |
| AMLX Amylyx Pharmaceuticals Inc. | 0.07% | 12,136 | $46K | New |
| GTN Gray Media Inc. filed as GRAY TELEVISION INC | 0.06% | 14,505 | $46K | New |
| HOUS Anywhere Real Estate Inc. | 0.06% | 12,969 | $43K | New |
| LYEL Lyell Immunopharma Inc. | 0.06% | 66,378 | $42K | New |
| LXRX Lexicon Pharmaceuticals Inc. | 0.05% | 44,242 | $33K | New |
| ALLO Allogene Therapeutics Inc. | 0.04% | 14,787 | $31K | New |
| FATE Fate Therapeutics Inc. | 0.03% | 14,222 | $23K | New |
| ANGI Angi Inc. | 0.03% | 13,792 | $23K | New |
| SANA Sana Biotechnology Inc. | 0.03% | 12,803 | $21K | New |
Options reported separately and not counted above: COP puts ($10.7M), CMG puts ($6.0M), AAPL puts ($5.0M), NUE puts ($4.0M), SPY puts ($3.0M), MS puts ($1.6M), COP calls ($1.5M).
Other holdings (7): bonds, preferreds, convertibles and warrants · $6.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 5,000,000 | $6.0M | New |
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | 76,283 | $37K | No change |
| DHAIW Aurora Technology Acquis -28 | *W EXP 04/20/202 | 513,886 | $27K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 99,855 | $24K | No change |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 462,822 | $24K | No change |
| AIIOW NWTN Inc. -CW27 | *W EXP 11/11/202 | 95,559 | $3K | No change |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | 13,896 | $2K | New |
Total filed on the 13F, all lines: $76.6M.
Portfolio Sells Q3 2024 → Q4 2024
| FBTC Fidelity Wise Origin Bitcoin | Reduce -35.4% | 18.20% | −2.79 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.4% | 14.66% | −2.48 |
| CMG Chipotle Mexican Grill Inc. | Reduce -51.6% | 1.93% | −2.24 |
| MS Morgan Stanley | Sold out | 0.00% | −1.60 |
| XGDVX Gabelli Dividend & Income TR | Sold out | 0.00% | −1.59 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.94 |
| GLV Clough Global Dividend & Inc. | Reduce -3.5% | 0.54% | −0.13 |
| WIW Western Asst Infl-LNK Opp | Reduce -2.0% | 0.25% | −0.05 |
| BURTECH ACQUISITION CORP | Sold out | 0.00% | −0.01 |
| NORTHVIEW ACQUISITION CORP | Sold out | 0.00% | −0.00 |
| BITB Bitwise Bitcoin ETF | Reduce -15.1% | 18.64% | +2.29 |
Portfolio Buys Q3 2024 → Q4 2024
| MXF Mexico Fund Inc. | New | 2.82% | +2.82 |
| STEW SRH Total Return Fund Inc. | Add +30.2% | 3.85% | +0.66 |
| NUE Nucor Corp. | Add +54.2% | 5.71% | +0.49 |
| RZLV Rezolve AI PLC | New | 0.15% | +0.15 |
| DIAX Nuveen Dow 30 Dynamic Overwr | Add +25.6% | 0.84% | +0.12 |
| JOF Japan Smaller Capitalization | Add +32.1% | 1.10% | +0.12 |
| IRWD Ironwood Pharmaceuticals Inc. | New | 0.11% | +0.11 |
| DENN Denny's Corp. | New | 0.09% | +0.09 |
| TLRY Tilray Brands Inc. | New | 0.09% | +0.09 |
| HDSN Hudson Technologies Inc. | New | 0.09% | +0.09 |
| BRY Berry Corp. | New | 0.09% | +0.09 |
| ABCL Abcellera Biologics Inc. | New | 0.09% | +0.09 |
| DDD 3D Systems Corp. | New | 0.08% | +0.08 |
| KOS Kosmos Energy Ltd. | New | 0.08% | +0.08 |
| SMRT Smartrent Inc. | New | 0.08% | +0.08 |
| MQ Marqeta Inc. | New | 0.08% | +0.08 |
| PACB Pacific Biosciences of Calif | New | 0.08% | +0.08 |
| ACCD Accolade Inc. | New | 0.08% | +0.08 |
| SVC Service Pptys TR | New | 0.08% | +0.08 |
| OSUR Orasure Technologies Inc. | New | 0.08% | +0.08 |
| LESLIES INC | New | 0.08% | +0.08 |
| EB Eventbrite Inc. Class A | New | 0.08% | +0.08 |
| WTI W&T Offshore Inc. | New | 0.08% | +0.08 |
| CLVT Clarivate PLC | New | 0.08% | +0.08 |
| LDI Loandepot Inc. Class A | New | 0.08% | +0.08 |
| RIG Transocean Ltd. | New | 0.08% | +0.08 |
| LWLG Lightwave Logic Inc. | New | 0.08% | +0.08 |
| RVNC Revance Therapeutics Inc. | New | 0.08% | +0.08 |
| DHC Diversified Healthcare Trust | New | 0.08% | +0.08 |
| AGL Agilon Health Inc. | New | 0.08% | +0.08 |
| GSM Ferroglobe PLC | New | 0.08% | +0.08 |
| HUDSON PAC PPTYS INC | New | 0.07% | +0.07 |
| GDRX Goodrx Holdings Inc. Class A | New | 0.07% | +0.07 |
| NXH Neighborhood Intelligence Inc. | New | 0.07% | +0.07 |
| ACIU Ac Immune SA | New | 0.07% | +0.07 |
| ALEC Alector Inc. | New | 0.07% | +0.07 |
| BYND Beyond Meat Inc. | New | 0.07% | +0.07 |
| FUBO Fubotv Inc. | New | 0.07% | +0.07 |
| PGEN Precigen Inc. | New | 0.07% | +0.07 |
| SLRN Acelyrin Inc. | New | 0.07% | +0.07 |
| AMLX Amylyx Pharmaceuticals Inc. | New | 0.07% | +0.07 |
| GTN Gray Media Inc. | New | 0.06% | +0.06 |
| HOUS Anywhere Real Estate Inc. | New | 0.06% | +0.06 |
| LYEL Lyell Immunopharma Inc. | New | 0.06% | +0.06 |
| LXRX Lexicon Pharmaceuticals Inc. | New | 0.05% | +0.05 |
| ALLO Allogene Therapeutics Inc. | New | 0.04% | +0.04 |
| FATE Fate Therapeutics Inc. | New | 0.03% | +0.03 |
| ANGI Angi Inc. | New | 0.03% | +0.03 |
| SANA Sana Biotechnology Inc. | New | 0.03% | +0.03 |
| COP Conocophillips | Add +13.7% | 15.20% | −0.33 |
Options Activity Q3 2024 → Q4 2024
| COP Conocophillips | put | Reduce -2.3% | 108,000 | $10.7M |
| AAPL Apple Inc. | put | Reduce -75.7% | 20,000 | $5.0M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Sold out | 47,000 | $3.8Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 5,100 | $3.0M |
| MS Morgan Stanley | put | Reduce -87.3% | 12,700 | $1.6M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | New | 5,000,000 | $6.0M |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | Sold out | 2,000,000 | $2.7Mbefore exit |
| ANNAW Aleanna Inc. Class A - 29 | *W EXP 12/13/202 | New | 13,896 | $2K |
| IVCPW Swiftmerge Acquisition -CW23 | *W EXP 12/13/202 | Sold out | 13,896 | $1Kbefore exit |
| ALSWF Alpha Star Acquisition -CW23 | *W EXP 12/13/202 | Sold out | 40,929 | $589before exit |
| KACWF Kairous Acquisition -23 | *W EXP 09/15/202 | Sold out | 11,126 | $97before 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 |