Rule One Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Rule One Partners, LLC reported 12 stock positions worth $120.9 million. Its top holding was Netflix (NFLX) at 41.7% of the portfolio, followed by Sprouts Farmers Market (SFM, 16.0%) and Occidental Petroleum (OXY, 11.2%). Compared with Q4 2024, it opened 4 new positions, sold out of 2 and reduced 4. The biggest buy was a new position in ASML Holding NV-NY Reg SHS (ASML) and the biggest sale an exit from Nike Class B (NKE).
- Most Recent 13F
- Q2 2026
- Location
- MORELAND, GA
- CIK
- 0002040263
- Portfolio Value
- $120.9M (Q1 2025)
- SEC Filing
- 0002040263-25-000002 ↗ filed May 5, 2025
Holdings Value
Holdings 12 stocks · $120.9M
| NFLX Netflix Inc. | 41.73% | 54,100 | $50.4M | Reduce -12.0% |
| SFM Sprouts Farmers Market Inc. | 16.04% | 127,000 | $19.4M | No change |
| OXY Occidental Petroleum Corp. | 11.25% | 275,501 | $13.6M | Reduce -15.4% |
| HHH Howard Hughes Holdings Inc. | 9.93% | 162,001 | $12.0M | No change |
| GOOGL Alphabet Inc. Class A | 8.06% | 63,010 | $9.7M | No change |
| ASML ASML Holding NV-NY Reg SHS | 4.17% | 7,600 | $5.0M | New |
| LRCX Lam Research Corp. | 1.92% | 32,000 | $2.3M | New |
| AMAT Applied Materials Inc. | 1.80% | 15,000 | $2.2M | New |
| PYPL PayPal Holdings Inc. | 1.73% | 32,000 | $2.1M | New |
| LULU Lululemon Athletica Inc. | 1.64% | 7,000 | $2.0M | No change |
| ULTA Ulta Beauty Inc. | 1.55% | 5,101 | $1.9M | Reduce -8.9% |
| GDX Vaneck Gold Miners ETF | 0.19% | 5,001 | $230K | Reduce -95.2% |
Options reported separately and not counted above: INVESCO QQQ TR puts ($105.4M), ALPHABET INC calls ($13.0M), ASML HLDG NV calls ($7.6M), LAM RESEARCH CORP calls ($4.7M), LULULEMON ATHLETICA INC puts ($2.8M), ALPHABET INC puts ($1.5M).
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
Options Activity Q4 2024 → Q1 2025
| ALPHABET INC | call | Sold out | 84,000 | $15.9Mbefore exit |
| ALPHABET INC | call | New | 84,000 | $13.0M |
| ASML HLDG NV | call | New | 11,500 | $7.6M |
| LAM RESEARCH CORP | call | New | 65,000 | $4.7M |
| ULTA BEAUTY INC | put | Sold out | 10,000 | $4.3Mbefore exit |
| LULULEMON ATHLETICA INC | put | New | 10,000 | $2.8M |
| ALPHABET INC | put | New | 10,000 | $1.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $92.9M | NFLX, SFM, CRM, LULU, POOL |
| Q1 2026 | 10 | $100.5M | NFLX, CRM, SFM, LULU, ASML |
| Q4 2025 | 9 | $82.9M | NFLX, LULU, SFM, ASML, NKE |
| Q3 2025 | 6 | $112.3M | NFLX, LULU, SFM, OXY, HHH |
| Q2 2025 | 6 | $110.7M | NFLX, SFM, OXY, HHH, LULU |
| Q1 2025 | 12 | $120.9M | NFLX, SFM, OXY, HHH, GOOGL |
| Q4 2024 | 10 | $124.2M | NFLX, SFM, OXY, HHH, GOOGL |
| Q3 2024 | 9 | $110.4M | NFLX, OXY, SFM, HHH, GOOGL |