Rule One Partners, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Rule One Partners, LLC reported 6 stock positions worth $110.7 million. Its top holding was Netflix (NFLX) at 46.6% of the portfolio, followed by Sprouts Farmers Market (SFM, 18.9%) and Occidental Petroleum (OXY, 10.5%). Compared with Q1 2025, it sold out of 6, added to 1 and reduced 2. The biggest buy was Lululemon Athletica (LULU, shares +503%) and the biggest sale an exit from Alphabet Class A (GOOGL).

Most Recent 13F
Q2 2026
Location
MORELAND, GA
CIK
0002040263
Portfolio Value
$110.7M (Q2 2025)
SEC Filing
0002040263-25-000003 ↗ filed Aug 12, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q3 2024: $110.4M Q3 2024 Q4 2024: $124.2M Q4 2024 Q1 2025: $120.9M Q1 2025 Q2 2025: $110.7M $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 6 stocks · $110.7M
NFLX Netflix Inc. 46.58% 37,000 $51.6M Reduce -31.6%
SFM Sprouts Farmers Market Inc. 18.89% 127,000 $20.9M No change
OXY Occidental Petroleum Corp. 10.46% 275,501 $11.6M No change
HHH Howard Hughes Holdings Inc. 9.88% 162,001 $10.9M No change
LULU Lululemon Athletica Inc. 9.06% 42,200 $10.0M Add +502.9%
ASML ASML Holding NV-NY Reg SHS 5.14% 7,101 $5.7M Reduce -6.6%

Options reported separately and not counted above: INVESCO QQQ TR puts ($58.1M), ASML HLDG NV calls ($9.2M), LAM RESEARCH CORP calls ($6.3M).

Portfolio Sells Q1 2025 → Q2 2025
GOOGL Alphabet Inc. Class A Sold out 0.00% −8.06
LRCX Lam Research Corp. Sold out 0.00% −1.92
AMAT Applied Materials Inc. Sold out 0.00% −1.80
PYPL PayPal Holdings Inc. Sold out 0.00% −1.73
ULTA Ulta Beauty Inc. Sold out 0.00% −1.55
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.19
ASML ASML Holding NV-NY Reg SHS Reduce -6.6% 5.14% +0.98
NFLX Netflix Inc. Reduce -31.6% 46.58% +4.84

Portfolio Buys Q1 2025 → Q2 2025
LULU Lululemon Athletica Inc. Add +502.9% 9.06% +7.42

Options Activity Q1 2025 → Q2 2025
INVESCO QQQ TR put Reduce -69.5% 105,400 $58.1M
ALPHABET INC call Sold out 84,000 $13.0Mbefore exit
LULULEMON ATHLETICA INC put Sold out 10,000 $2.8Mbefore exit
ALPHABET INC put Sold out 10,000 $1.5Mbefore exit

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