Sandia Investment Management LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Sandia Investment Management LP reported 99 stock positions worth $101.5 million. Its top holding was Lavoro Class A (LVROF) at 11.5% of the portfolio, followed by SDCL Edge Acquisition Class A (SEDA, 11.0%) and Screaming Eagle Acq Class A (SCRM, 7.9%). Compared with Q4 2023, it opened 32 new positions, sold out of 55, added to 7 and reduced 33. The biggest buy was Screaming Eagle Acq Class A (SCRM, shares +99%) and the biggest sale an exit from Screaming Eagle Acquisition (SCRMU).

Most Recent 13F
Q4 2025
Location
BOSTON, MA
CIK
0001880562
Portfolio Value
$101.5M (Q1 2024)
SEC Filing
0001756870-24-000003 ↗ filed May 15, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $101.5M $101.5M Q1 2024 Q2 2024: $79.4M Q2 2024 Q3 2024: $61.6M Q3 2024 Q4 2024: $52.5M Q4 2024 Q1 2025: $33.9M Q1 2025 Q2 2025: $38.3M Q2 2025 Q3 2025: $33.0M Q3 2025 Q4 2025: $39.8M Q4 2025

Holdings 99 stocks · $101.5M

LVROF Lavoro Ltd. Class A 11.50% 1,098,250 $11.7M No change
SEDA SDCL Edge Acquisition Corp. Class A 11.04% 1,023,999 $11.2M Reduce -26.8%
SCRM Screaming Eagle Acq Class A 7.94% 753,000 $8.1M Add +99.2%
GHIXU Gores Holding Ix Inc. 4.31% 413,824 $4.4M No change
CNDA Concord Acquisition Corp. Class A 4.06% 392,368 $4.1M Reduce -7.5%
SKGR SK Growth Opportunities Co. Class A 3.44% 316,271 $3.5M Reduce -26.4%
HAYMAKER ACQUISITION CORP 4 3.35% 325,000 $3.4M Reduce -48.0%
DMYY DMY Squared Technology GR-A 3.13% 299,167 $3.2M Reduce -40.1%
TRTLF Tortoiseecofin Acquisition-A 2.65% 250,000 $2.7M Reduce -9.1%
BFACF Battery Future Acquisition-A 2.17% 200,000 $2.2M No change
GLOBAL PARTNER ACQISTN CORP 2.15% 193,254 $2.2M New
CVII Churchill Capital Corp. Vii-A 2.06% 194,971 $2.1M Reduce -50.6%
PEGR Project Energy Reimagined Ac 2.02% 194,900 $2.1M Reduce -0.1%
PLMJF Plum Acquisition Corp. III 2.00% 189,720 $2.0M No change
ATLANTIC COASTAL AQSTN CORP 1.59% 150,000 $1.6M No change
AFJKU Aimei Health Tech Co. Ltd. 1.52% 142,000 $1.5M No change
CMCAF Piermont Valley Acquisition filed as CAPITALWORKS EMNG MKTS ACQST 1.36% 125,000 $1.4M Add +82.8%
PRLH Pearl Holdings Acquisition-A 1.33% 125,000 $1.3M No change
IVCP Swiftmerge Acquisition Cor-A 1.33% 125,000 $1.3M New
TMTC TMT Acquisition Corp. Class A 1.32% 125,000 $1.3M New
WELSBACH TECH METALS ACQU CO 1.21% 112,500 $1.2M No change
DPCS DP Cap Acquisition Corp. Class A 1.14% 105,570 $1.2M No change
BCSA Blockchain Coinvestors Class A 1.14% 104,615 $1.2M Reduce -29.4%
EVE Eve Mobility Acquisition C-A 1.04% 96,342 $1.1M No change
SVIIF Spring Valley Acquisition-A 1.00% 92,353 $1.0M No change
MITA Coliseum Acquisition Corp. Class A 0.99% 93,103 $1.0M Reduce -53.5%
GEHC GE Healthcare Technology 0.99% 11,000 $1.0M New
KDP Keurig Dr Pepper Inc. 0.91% 30,000 $920K Add +200.0%
BLEUACACIA LTD 0.89% 85,033 $906K No change
BURTECH ACQUISITION CORP 0.85% 77,996 $865K No change
AACT.U Ares Acquisition Corp. II 0.79% 76,034 $805K No change
CLBR.U Colombier Acquis Corp. II 0.76% 74,100 $773K No change
SPKUF Spark I Acquisition Corp. 0.75% 73,479 $761K No change
BROS Dutch Bros Inc. Class A 0.73% 22,500 $743K New
AERT Aeries Technology Inc. 0.72% 283,268 $728K Reduce -21.4%
ANSCU Agriculture & Natural Soluti 0.70% 70,000 $715K No change
INTA Intapp Inc. 0.68% 20,000 $686K New
IGTA Inception Growth Acquisition 0.67% 62,500 $679K No change
PWSC Powerschool Holdings Inc. Class A 0.63% 30,000 $639K New
TBBB BBB Foods Inc. Class A 0.59% 25,000 $595K New
AACI Armada Acquisition Corp. I 0.58% 53,506 $593K Reduce -50.0%
SNX TD Synnex Corp. 0.56% 5,000 $566K Add +67.2%
VCXB 10X Capital Venture Acquis-A 0.53% 50,000 $539K Reduce -50.0%
NDAQ Nasdaq Inc. 0.52% 8,362 $528K New
BOCN Blue Ocean Acquisition Cor-A 0.52% 47,400 $524K No change
PR Permian Resources Corp. Class A 0.48% 27,500 $486K Add +83.3%
SN Sharkninja Inc. 0.46% 7,500 $467K Add +50.0%
AS Amer Sports Inc. 0.42% 26,100 $425K New
BHAC Focus Impact BH3 Acquisiti-A 0.41% 39,505 $415K Reduce -58.8%
NETDU Nabors Energy Transition Cor 0.38% 37,079 $389K No change
DINO HF Sinclair Corp. 0.35% 5,831 $352K New
ODD Oddity Tech Ltd. Class A 0.34% 8,000 $348K Add +78.2%
MTDR Matador Resources Co. 0.33% 5,000 $334K New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.32% 2,500 $322K New
BUD Anheuser-Busch Inbev-SPN ADR 0.30% 5,000 $304K New
APG Api Group Corp. 0.29% 7,500 $295K New
HEI.A Heico Corp. Class A 0.23% 1,508 $232K Reduce -93.6%
DELL Dell Technologies -C 0.22% 2,000 $228K New
REVG Rev Group Inc. 0.22% 10,000 $221K New
BTSG Brightspring Health Services 0.21% 20,000 $217K New
CRBG Corebridge Financial Inc. 0.21% 7,500 $215K Reduce -70.0%
KVUE Kenvue Inc. 0.21% 10,000 $215K Reduce -36.4%
PCG P G & E Corp. 0.21% 12,500 $210K Reduce -37.5%
NSSC Napco Security Technologies 0.20% 5,000 $201K New
VNOM Viper Energy Inc. 0.19% 5,000 $192K New
SKWD Skyward Specialty Insurance 0.18% 5,000 $187K Reduce -60.0%
ALCUF Alchemy Investments Acquisit 0.18% 17,048 $181K No change
SDHC Smith Douglas Homes Corp. 0.18% 6,000 $178K New
ATS Ats Corp. 0.17% 5,000 $169K No change
BITCOIN DEPOT INC 0.16% 87,792 $166K Reduce -37.6%
BIRK Birkenstock Holding PLC 0.16% 3,500 $165K No change
AUNA Auna SA Class A 0.16% 15,000 $160K New
VERX Vertex Inc. Class A 0.16% 5,000 $159K New
VAL Valaris Ltd. 0.15% 2,000 $151K No change
ABVX Abivax SA-ADR 0.15% 10,371 $148K Reduce -48.1%
SHC Sotera Health Co. 0.12% 10,000 $120K New
CHWY Chewy Inc. Class A 0.12% 7,500 $119K New
DT Dynatrace Inc. 0.11% 2,500 $116K Reduce -66.8%
SYM Symbotic Inc. 0.11% 2,500 $113K New
BILI Bilibili Inc.-Sponsored ADR 0.11% 10,000 $112K New
XPRO Expro Group Holdings NV 0.11% 5,487 $110K No change
BOLD Boundless Bio Inc. 0.11% 7,500 $107K New
SPWR Sunpower Inc. filed as COMPLETE SOLARIA INC 0.10% 176,598 $106K Reduce -6.4%
ETNB 89BIO Inc. 0.10% 8,786 $102K Reduce -2.2%
KVYO Klaviyo Inc. Class A 0.10% 4,000 $102K Reduce -33.3%
ENLT Enlight Renewable Energy Ltd. 0.10% 5,992 $101K No change
DNB Dun & Bradstreet Holdings Inc. 0.10% 10,000 $100K Reduce -33.3%
ALIT Alight Inc. Class A 0.10% 10,000 $99K Reduce -33.2%
ARMK Aramark 0.10% 3,000 $98K Reduce -49.9%
PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L 0.10% 5,000 $97K Reduce -50.0%
SVV Savers Value Village Inc. 0.10% 5,000 $96K Reduce -44.3%
BLBD Blue Bird Corp. 0.09% 2,500 $96K Reduce -18.8%
CART Maplebear Inc. 0.09% 2,500 $93K Reduce -58.2%
SAFE Safehold Inc. 0.09% 4,492 $93K No change
GFL GFL Environmental Inc.-Sub VT 0.09% 2,500 $86K Reduce -58.2%
RDDT Reddit Inc. Class A 0.08% 1,600 $79K New
TALO Talos Energy Inc. 0.07% 5,000 $70K New
DSAQ Direct Selling Acquisition-A 0.05% 320,677 $51K New
BANZAI INTERNATIONAL INC 0.02% 41,251 $25K New

Options reported separately and not counted above: SCRMW calls ($364K), GCTS.WS calls ($264K), JWSWF calls ($138K), ABLLW calls ($135K), CVIIW calls ($129K), AIRJW calls ($123K), SEDA.WS calls ($98K), SKGRW calls ($82K), PLMWF calls ($79K), TRTWF calls ($67K), COCHW calls ($65K), PNSWQ calls ($64K), and 20 more.

Other holdings (2): bonds, preferreds, convertibles and warrants · $131K (not counted above)
SecurityClassShares / PrincipalValueChange
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 579,498$70KAdd +13.2%
BLEUACACIA LTD RIGHT 10/30/2026 1,294,306$61KReduce -36.4%

Total filed on the 13F, all lines: $101.6M.

Portfolio Sells Q4 2023 → Q1 2024

SCRMU Screaming Eagle Acquisition Sold out 0.00% −5.04
SOUTHPORT ACQUISITION CORP Sold out 0.00% −3.33
NKGN Nkgen Biotech Inc. Sold out 0.00% −3.21
HEI.A Heico Corp. Class A Reduce -93.6% 0.23% −2.12
TWOA Two Class A Sold out 0.00% −1.48
ANDRETTI ACQUISITION CORP Sold out 0.00% −1.35
POWER & DIGITAL INFRASTRUCTU Sold out 0.00% −1.31
HAYMAKER ACQUISITION CORP 4 Reduce -48.0% 3.35% −1.15
WRAC Williams Rowland Acquisition Sold out 0.00% −1.15
IRRX Integrated Rail and Class A Sold out 0.00% −1.12
BNAI Brand Engagement Network Inc. Sold out 0.00% −1.00
SACQF Spree Acquisition Corp. 1 Ltd. Sold out 0.00% −0.94
CPTK Crown Proptech Acquisition-A Sold out 0.00% −0.91
CVII Churchill Capital Corp. Vii-A Reduce -50.6% 2.06% −0.83
ACAH Atlantic Coastal Acquisiti-A Sold out 0.00% −0.79
KRNL Kernel Group Holdings Inc. Class A Sold out 0.00% −0.75
PFTA Portage Fintech Acquisitio-A Sold out 0.00% −0.73
NSTB Northern Star Investment C-A Sold out 0.00% −0.61
DMYY DMY Squared Technology GR-A Reduce -40.1% 3.13% −0.55
MITA Coliseum Acquisition Corp. Class A Reduce -53.5% 0.99% −0.50
CONCORD ACQUISITION CORP III Sold out 0.00% −0.36
HHLA Hh&l Acquisition Co. Class A Sold out 0.00% −0.32
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.32
ROSS Ross Acquisition Corp. II -A Sold out 0.00% −0.31
BHAC Focus Impact BH3 Acquisiti-A Reduce -58.8% 0.41% −0.29
CNM Core & Main Inc. Class A Sold out 0.00% −0.28
BLUAF Blueriver Acquisition Corp. Class A Sold out 0.00% −0.26
AACI Armada Acquisition Corp. I Reduce -50.0% 0.58% −0.22
VCXB 10X Capital Venture Acquis-A Reduce -50.0% 0.53% −0.22
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.21
NXT Nextpower Inc. Sold out 0.00% −0.20
BECN Beacon Roofing Supply Inc. Sold out 0.00% −0.18
DT Dynatrace Inc. Reduce -66.8% 0.11% −0.17
CRBG Corebridge Financial Inc. Reduce -70.0% 0.21% −0.17
DV Doubleverify Holdings Inc. Sold out 0.00% −0.15
BITCOIN DEPOT INC Reduce -37.6% 0.16% −0.15
SRE Sempra Sold out 0.00% −0.13
KNF Knife River Corp. Sold out 0.00% −0.12
SKWD Skyward Specialty Insurance Reduce -60.0% 0.18% −0.11
AGL Agilon Health Inc. Sold out 0.00% −0.11
SPWR Sunpower Inc. Reduce -6.4% 0.10% −0.11
POR Portland General Electric Co. Sold out 0.00% −0.09
LVS Las Vegas Sands Corp. Sold out 0.00% −0.09
KGS Kodiak Gas Services Inc. Sold out 0.00% −0.08
FLNC Fluence Energy Inc. Sold out 0.00% −0.08
ATMU Atmus Filtration Technologie Sold out 0.00% −0.08
CCC CCC Intelligent Solutions Ho Sold out 0.00% −0.08
USFD US Foods Holding Corp. Sold out 0.00% −0.08
CRNX Crinetics Pharmaceuticals Inc. Sold out 0.00% −0.07
ESMT Engagesmart Inc. Sold out 0.00% −0.07

Portfolio Buys Q4 2023 → Q1 2024

SCRM Screaming Eagle Acq Class A Add +99.2% 7.94% +5.15
GLOBAL PARTNER ACQISTN CORP New 2.15% +2.15
IVCP Swiftmerge Acquisition Cor-A New 1.33% +1.33
TMTC TMT Acquisition Corp. Class A New 1.32% +1.32
GEHC GE Healthcare Technology New 0.99% +0.99
CMCAF Piermont Valley Acquisition Add +82.8% 1.36% +0.84
BROS Dutch Bros Inc. Class A New 0.73% +0.73
INTA Intapp Inc. New 0.68% +0.68
KDP Keurig Dr Pepper Inc. Add +200.0% 0.91% +0.67
PWSC Powerschool Holdings Inc. Class A New 0.63% +0.63
TBBB BBB Foods Inc. Class A New 0.59% +0.59
NDAQ Nasdaq Inc. New 0.52% +0.52
AS Amer Sports Inc. New 0.42% +0.42
DINO HF Sinclair Corp. New 0.35% +0.35
PR Permian Resources Corp. Class A Add +83.3% 0.48% +0.34
SNX TD Synnex Corp. Add +67.2% 0.56% +0.33
MTDR Matador Resources Co. New 0.33% +0.33
KSPI JSC Kaspi.kz ADR New 0.32% +0.32
BUD Anheuser-Busch Inbev-SPN ADR New 0.30% +0.30
APG Api Group Corp. New 0.29% +0.29
SN Sharkninja Inc. Add +50.0% 0.46% +0.28
DELL Dell Technologies -C New 0.22% +0.22
REVG Rev Group Inc. New 0.22% +0.22
BTSG Brightspring Health Services New 0.21% +0.21
NSSC Napco Security Technologies New 0.20% +0.20
ODD Oddity Tech Ltd. Class A Add +78.2% 0.34% +0.20
VNOM Viper Energy Inc. New 0.19% +0.19
SDHC Smith Douglas Homes Corp. New 0.18% +0.18
AUNA Auna SA Class A New 0.16% +0.16
VERX Vertex Inc. Class A New 0.16% +0.16
SHC Sotera Health Co. New 0.12% +0.12
CHWY Chewy Inc. Class A New 0.12% +0.12
SYM Symbotic Inc. New 0.11% +0.11
BILI Bilibili Inc.-Sponsored ADR New 0.11% +0.11
BOLD Boundless Bio Inc. New 0.11% +0.11
RDDT Reddit Inc. Class A New 0.08% +0.08
TALO Talos Energy Inc. New 0.07% +0.07
DSAQ Direct Selling Acquisition-A New 0.05% +0.05
BANZAI INTERNATIONAL INC New 0.02% +0.02

Options Activity Q4 2023 → Q1 2024

SCRMW Screaming Eagle Acq Class A -27 call Add +19.4% 770,227 $364K
GCTS.WS Concord Acq Class A -CW28 call New 693,782 $264K
JWSWF Jaws Mustang Acq C -CW26 call Reduce -22.0% 640,638 $138K
ABLLW East Resources Acquis -CW27 call Reduce -34.7% 210,341 $135K
CVIIW Churchill Capital Vii -CW28 call Reduce -7.9% 401,566 $129K
AIRJW Power & Digital Acq -CW24 call New 218,194 $123K
GCTS.WS Concord Acquisition Corp. III call Sold out 1,105,100 $111Kbefore exit
SKGRW SK Growth Opportunities -29 call Reduce -53.0% 174,802 $82K
PLMWF Plum Acquisition Corp. III-CW call Reduce -15.7% 603,941 $79K
TRTWF Tortoiseecofin Acquisit-CW call Reduce -5.7% 517,233 $67K
COCHW Envoy Medical Inc.-CW27 call Reduce -48.2% 609,886 $65K
PNSWQ Banyan Acquisition Co. -CW23 call Reduce -38.5% 259,874 $64K
LCAHW Landcadia Holdings IV -CW28 call Sold out 778,861 $51Kbefore exit
IVCPW Swiftmerge Acquisition -CW23 call Reduce -9.5% 740,484 $41K
BAERW Wildfire New Pubco Inc.-27 call Reduce -34.5% 206,379 $41K
KCGI.WS Kensington Capital Acq -CW23 call Reduce -17.7% 617,507 $37K
LVRWF Lavoro Ltd.-27 call Reduce -48.8% 60,955 $32K
BHACW Crixus BH3 Acquisition -CW26 call Reduce -11.9% 428,047 $31K
ONYXW Onyx Acq Co. I Class A -CW23 call Reduce -20.1% 848,752 $31K
AEON BIOPHARMA INC call Reduce -70.0% 20,000 $29K
DMYYW DMY Squared Technology GR-27 call Reduce -40.1% 149,583 $27K
LNZAW Amci Acquisition II A -CW28 call Sold out 50,000 $26Kbefore exit
ABPWW Atlantic Coastal Aqstn Corp. call Reduce -31.2% 358,427 $25K
IRRXW Integrated Rail and Re -CW23 call Sold out 205,369 $18Kbefore exit
AMPX.WS Amprius Technologies Inc. call Reduce -73.5% 52,137 $13K
XFINW Excelfin Acquisition -CW23 call Reduce -17.3% 234,880 $13K
RCACW Revelstone Capital Acqu -28 call Sold out 282,343 $12Kbefore exit
PEPLW Pepperlime Health Acq -CW23 call Sold out 371,927 $11Kbefore exit
ZAPWF Zapp Electric Vehicles -28 call Reduce -14.3% 617,496 $10K
ACAHW Atlantic Coastal Acq A -CW27 call Sold out 296,515 $9Kbefore exit
AIRJW Power & Digital Infrastructu call Sold out 256,814 $7Kbefore exit
ROSS.WS Ross Acquisition Corp. -CW26 call Sold out 113,614 $6Kbefore exit
OCAXW Oca Acq Corp. Class A -CW27 call Sold out 100,000 $6Kbefore exit
SVIWF Spring Valley Acquisition-Aw call New 46,176 $5K
SOARW Volato Group Inc. - CW23 call Sold out 37,224 $4Kbefore exit
PERFF Perfect Corp. call Sold out 35,000 $3Kbefore exit
CNDAW Concord Acquisition A -CW28 call Reduce -10.4% 15,830 $2K
MNYWW Moneyhero Ltd.-28 call Sold out 12,500 $876before exit
PUCKW Goal Acquisitions Corp.-CW call Sold out 100,000 $500before exit
KRNLW Kernel Group HLDG -A -CW27 call Reduce -98.0% 2,388 $137

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

Notes & Other Activity Q4 2023 → Q1 2024

SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 Add +13.2% 579,498 $70K
BLEUACACIA LTD RIGHT 10/30/2026 Reduce -36.4% 1,294,306 $61K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 111$39.8MHAYMAKER ACQUISITION CORP 4, BEAG, RGS, RGR, LGN
Q3 2025 87$33.0MHAYMAKER ACQUISITION CORP 4, BEAG, FACT, TMS, RGS
Q2 2025 80$38.3MHAYMAKER ACQUISITION CORP 4, BEAG, DYNC, FACT, TMS
Q1 2025 79$33.9MHAYMAKER ACQUISITION CORP 4, BEAGU, DYNCU, FACTU, CCIXU
Q4 2024 102$52.5MLVROF, DMYY, HAYMAKER ACQUISITION CORP 4, BEAGU, AJG
Q3 2024 87$61.6MLVROF, GHIXU, HAYMAKER ACQUISITION CORP 4, DMYY, SEDA
Q2 2024 89$79.4MLVROF, SEDA, GHIXU, SKGR, HAYMAKER ACQUISITION CORP 4
Q1 2024 99$101.5MLVROF, SEDA, SCRM, GHIXU, CNDA