Rule One Partners, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), Rule One Partners, LLC reported 10 stock positions worth $124.2 million. Its top holding was Netflix (NFLX) at 44.1% of the portfolio, followed by Sprouts Farmers Market (SFM, 13.0%) and Occidental Petroleum (OXY, 13.0%). Compared with Q3 2024, it opened 4 new positions, sold out of 3 and added to 2. The biggest buy was a new position in Nike Class B (NKE) and the biggest sale an exit from Sturm Ruger (RGR).

Most Recent 13F
Q2 2026
Location
MORELAND, GA
CIK
0002040263
Portfolio Value
$124.2M (Q4 2024)
SEC Filing
0002040263-25-000001 ↗ filed Jan 23, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q3 2024: $110.4M Q3 2024 Q4 2024: $124.2M $124.2M Q4 2024 Q1 2025: $120.9M Q1 2025 Q2 2025: $110.7M Q2 2025 Q3 2025: $112.3M Q3 2025 Q4 2025: $82.9M Q4 2025 Q1 2026: $100.5M Q1 2026 Q2 2026: $92.9M Q2 2026

Holdings 10 stocks · $124.2M
NFLX Netflix Inc. 44.15% 61,500 $54.8M No change
SFM Sprouts Farmers Market Inc. 13.00% 127,000 $16.1M No change
OXY Occidental Petroleum Corp. 12.95% 325,501 $16.1M Add +18.1%
HHH Howard Hughes Holdings Inc. 10.04% 162,001 $12.5M No change
GOOGL Alphabet Inc. Class A 9.61% 63,010 $11.9M Add +3.3%
NKE Nike Inc. Class B 3.17% 52,001 $3.9M New
GDX Vaneck Gold Miners ETF 2.87% 105,001 $3.6M New
LULU Lululemon Athletica Inc. 2.16% 7,000 $2.7M New
ULTA Ulta Beauty Inc. 1.96% 5,601 $2.4M No change
SLV iShares Silver Trust 0.11% 5,001 $132K New

Options reported separately and not counted above: INVESCO QQQ TR puts ($114.9M), ALPHABET INC calls ($15.9M), ULTA BEAUTY INC puts ($4.3M).

Portfolio Sells Q3 2024 → Q4 2024
RGR Sturm Ruger & Co. Inc. Sold out 0.00% −8.28
CPRI Capri Holdings Ltd. Sold out 0.00% −2.25
OZK Bank Ozk Sold out 0.00% −1.56

Portfolio Buys Q3 2024 → Q4 2024
NKE Nike Inc. Class B New 3.17% +3.17
GDX Vaneck Gold Miners ETF New 2.87% +2.87
LULU Lululemon Athletica Inc. New 2.16% +2.16
GOOGL Alphabet Inc. Class A Add +3.3% 9.61% +0.14
SLV iShares Silver Trust New 0.11% +0.11
OXY Occidental Petroleum Corp. Add +18.1% 12.95% +0.09

Options Activity Q3 2024 → Q4 2024
ULTA BEAUTY INC put New 10,000 $4.3M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$92.9MNFLX, SFM, CRM, LULU, POOL
Q1 2026 10$100.5MNFLX, CRM, SFM, LULU, ASML
Q4 2025 9$82.9MNFLX, LULU, SFM, ASML, NKE
Q3 2025 6$112.3MNFLX, LULU, SFM, OXY, HHH
Q2 2025 6$110.7MNFLX, SFM, OXY, HHH, LULU
Q1 2025 12$120.9MNFLX, SFM, OXY, HHH, GOOGL
Q4 2024 10$124.2MNFLX, SFM, OXY, HHH, GOOGL
Q3 2024 9$110.4MNFLX, OXY, SFM, HHH, GOOGL