Rpo LLC

Name: RPO LLC 13F holdings, Q1 2025
Creator: RPO LLC
Published: 2025-05-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Rpo LLC reported 19 stock positions worth $43.9 million. Its top holding was Bank of America (BAC) at 19.7% of the portfolio, followed by Intuitive Surgical (ISRG, 11.4%) and SS SPDR S&P Metals Mining (XME, 10.8%). Compared with Q4 2024, it opened 5 new positions, sold out of 50 and reduced 2. The biggest buy was a new position in Bank of America (BAC) and the biggest sale an exit from Conocophillips (COP).

Most Recent 13F: Q2 2026
Location: Stamford, CT
CIK: 0001885066
Portfolio Value: $43.9M (Q1 2025)
SEC Filing: 0001085146-25-003032 ↗ filed May 13, 2025

Holdings Value

Holdings 19 stocks · $43.9M


BAC Bank of America Corp. filed as BANK AMERICA CORP	19.71%	207,318	$8.7M	New
ISRG Intuitive Surgical Inc.	11.41%	10,110	$5.0M	New
XME SS SPDR S&P Metals Mining	10.80%	84,706	$4.7M	New
CSCO Cisco Systems Inc.	8.49%	60,390	$3.7M	New
AAPL Apple Inc.	7.14%	14,102	$3.1M	New
STEW SRH Total Return Fund Inc.	6.65%	169,290	$2.9M	No change
FBTC Fidelity Wise Origin Bitcoin	5.34%	32,597	$2.3M	Reduce -79.3%
MXF Mexico Fund Inc.	4.88%	150,485	$2.1M	No change
BITB Bitwise Bitcoin ETF	4.78%	46,785	$2.1M	Reduce -81.9%
ARKB ARK 21SHARES Bitcoin ETF	3.47%	18,540	$1.5M	No change
IBIT iShares Bitcoin Trust ETF	3.18%	29,857	$1.4M	No change
EZBC Franklin Bitcoin ETF	2.90%	26,700	$1.3M	No change
BRRR Coinshares Bitcoin ETF	2.87%	54,159	$1.3M	No change
HODL Vaneck Bitcoin ETF	2.73%	51,444	$1.2M	No change
XGLQX Clough Global Equity Fund	1.32%	92,327	$581K	No change
DIAX Nuveen Dow 30 Dynamic Overwr	1.30%	39,270	$569K	No change
GLO Clough Global Opportunities	1.24%	111,479	$545K	No change
CHW Calamos Global Dynamic Incom	0.90%	61,799	$395K	No change
GLV Clough Global Dividend & Inc.	0.88%	70,753	$387K	No change

Options reported separately and not counted above: BAC puts ($15.0M), COP puts ($14.6M), COP calls ($14.3M), XME puts ($11.1M), AAPL puts ($10.0M), AAPL calls ($9.3M), CSCO puts ($9.1M), ISRG puts ($7.4M), BAC calls ($5.2M), XME calls ($5.2M), ISRG calls ($5.0M), CSCO calls ($987K).

Other holdings (8): bonds, preferreds, convertibles and warrants · $6.1M (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	No change
EVEX.WS Eve Holdng Inc. -CW25	*W EXP 05/09/202	76,283	$20K	No change
SBCWW Pono Capital Two Inc. -27	*W EXP 09/17/202	99,855	$19K	No change
LVWR.WS Livewire Group Inc.-27	*W EXP 09/26/202	462,822	$10K	No change
BZAIW Burtech Acquisition -CW23	*W EXP 01/13/203	45,520	$9K	New
DHAIW Aurora Technology Acquis -28	*W EXP 04/20/202	513,886	$7K	No change
ANNAW Aleanna Inc. Class A - 29	*W EXP 12/13/202	13,896	$3K	No change
AIIOW NWTN Inc. -CW27	*W EXP 11/11/202	95,559	$2K	No change

Total filed on the 13F, all lines: $50.0M.

Portfolio Sells Q4 2024 → Q1 2025


COP Conocophillips	Sold out	0.00%	−15.20
SPY SS SPDR S&P 500 ETF Trust-US	Sold out	0.00%	−14.66
BITB Bitwise Bitcoin ETF	Reduce -81.9%	4.78%	−13.86
FBTC Fidelity Wise Origin Bitcoin	Reduce -79.3%	5.34%	−12.86
NUE Nucor Corp.	Sold out	0.00%	−5.71
CMG Chipotle Mexican Grill Inc.	Sold out	0.00%	−1.93
JOF Japan Smaller Capitalization	Sold out	0.00%	−1.10
WIW Western Asst Infl-LNK Opp	Sold out	0.00%	−0.25
RZLV Rezolve AI PLC	Sold out	0.00%	−0.15
IRWD Ironwood Pharmaceuticals Inc.	Sold out	0.00%	−0.11
DENN Denny's Corp.	Sold out	0.00%	−0.09
TLRY Tilray Brands Inc.	Sold out	0.00%	−0.09
HDSN Hudson Technologies Inc.	Sold out	0.00%	−0.09
BRY Berry Corp.	Sold out	0.00%	−0.09
ABCL Abcellera Biologics Inc.	Sold out	0.00%	−0.09
DDD 3D Systems Corp.	Sold out	0.00%	−0.08
KOS Kosmos Energy Ltd.	Sold out	0.00%	−0.08
SMRT Smartrent Inc.	Sold out	0.00%	−0.08
MQ Marqeta Inc.	Sold out	0.00%	−0.08
PACB Pacific Biosciences of Calif	Sold out	0.00%	−0.08
ACCD Accolade Inc.	Sold out	0.00%	−0.08
SVC Service Pptys TR	Sold out	0.00%	−0.08
OSUR Orasure Technologies Inc.	Sold out	0.00%	−0.08
LESLIES INC	Sold out	0.00%	−0.08
EB Eventbrite Inc. Class A	Sold out	0.00%	−0.08
WTI W&T Offshore Inc.	Sold out	0.00%	−0.08
CLVT Clarivate PLC	Sold out	0.00%	−0.08
LDI Loandepot Inc. Class A	Sold out	0.00%	−0.08
RIG Transocean Ltd.	Sold out	0.00%	−0.08
LWLG Lightwave Logic Inc.	Sold out	0.00%	−0.08
RVNC Revance Therapeutics Inc.	Sold out	0.00%	−0.08
DHC Diversified Healthcare Trust	Sold out	0.00%	−0.08
AGL Agilon Health Inc.	Sold out	0.00%	−0.08
GSM Ferroglobe PLC	Sold out	0.00%	−0.08
HUDSON PAC PPTYS INC	Sold out	0.00%	−0.07
GDRX Goodrx Holdings Inc. Class A	Sold out	0.00%	−0.07
NXH Neighborhood Intelligence Inc.	Sold out	0.00%	−0.07
ACIU Ac Immune SA	Sold out	0.00%	−0.07
ALEC Alector Inc.	Sold out	0.00%	−0.07
BYND Beyond Meat Inc.	Sold out	0.00%	−0.07
FUBO Fubotv Inc.	Sold out	0.00%	−0.07
PGEN Precigen Inc.	Sold out	0.00%	−0.07
SLRN Acelyrin Inc.	Sold out	0.00%	−0.07
AMLX Amylyx Pharmaceuticals Inc.	Sold out	0.00%	−0.07
GTN Gray Media Inc.	Sold out	0.00%	−0.06
HOUS Anywhere Real Estate Inc.	Sold out	0.00%	−0.06
LYEL Lyell Immunopharma Inc.	Sold out	0.00%	−0.06
LXRX Lexicon Pharmaceuticals Inc.	Sold out	0.00%	−0.05
ALLO Allogene Therapeutics Inc.	Sold out	0.00%	−0.04
FATE Fate Therapeutics Inc.	Sold out	0.00%	−0.03

Portfolio Buys Q4 2024 → Q1 2025


BAC Bank of America Corp.	New	19.71%	+19.71
ISRG Intuitive Surgical Inc.	New	11.41%	+11.41
XME SS SPDR S&P Metals Mining	New	10.80%	+10.80
CSCO Cisco Systems Inc.	New	8.49%	+8.49
AAPL Apple Inc.	New	7.14%	+7.14

Options Activity Q4 2024 → Q1 2025


BAC Bank of America Corp.	put	New	359,000	$15.0M
COP Conocophillips	put	Add +28.8%	139,100	$14.6M
COP Conocophillips	call	Add +808.7%	136,300	$14.3M
XME SS SPDR S&P Metals Mining	put	New	198,900	$11.1M
AAPL Apple Inc.	put	Add +125.0%	45,000	$10.0M
AAPL Apple Inc.	call	New	42,000	$9.3M
CSCO Cisco Systems Inc.	put	New	147,500	$9.1M
ISRG Intuitive Surgical Inc.	put	New	15,000	$7.4M
CMG Chipotle Mexican Grill Inc.	put	Sold out	100,000	$6.0Mbefore exit
BAC Bank of America Corp.	call	New	125,000	$5.2M
XME SS SPDR S&P Metals Mining	call	New	92,200	$5.2M
ISRG Intuitive Surgical Inc.	call	New	10,000	$5.0M
NUE Nucor Corp.	put	Sold out	34,500	$4.0Mbefore exit
SPY SS SPDR S&P 500 ETF Trust-US	put	Sold out	5,100	$3.0Mbefore exit
MS Morgan Stanley	put	Sold out	12,700	$1.6Mbefore exit
CSCO Cisco Systems Inc.	call	New	16,000	$987K

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

Notes & Other Activity Q4 2024 → Q1 2025


BZAIW Burtech Acquisition -CW23	*W EXP 01/13/203	New	45,520	$9K

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