Sandia Investment Management LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Sandia Investment Management LP reported 89 stock positions worth $79.4 million. Its top holding was Lavoro Class A (LVROF) at 14.8% of the portfolio, followed by SDCL Edge Acquisition Class A (SEDA, 9.1%) and Gores Holding Ix (GHIXU, 5.9%). Compared with Q1 2024, it opened 30 new positions, sold out of 40, added to 4 and reduced 20. The biggest buy was a new position in Churchill Capital Corp. Ix (CCIXU) and the biggest sale an exit from Screaming Eagle Acq Class A (SCRM).
- Most Recent 13F
- Q4 2025
- Location
- BOSTON, MA
- CIK
- 0001880562
- Portfolio Value
- $79.4M (Q2 2024)
- SEC Filing
- 0001880562-24-000003 ↗ filed Aug 14, 2024
Holdings Value
Holdings 89 stocks · $79.4M
| LVROF Lavoro Ltd. Class A | 14.85% | 1,098,250 | $11.8M | No change |
| SEDA SDCL Edge Acquisition Corp. Class A | 9.11% | 648,999 | $7.2M | Reduce -36.6% |
| GHIXU Gores Holding Ix Inc. | 5.86% | 413,824 | $4.7M | No change |
| SKGR SK Growth Opportunities Co. Class A | 4.43% | 316,271 | $3.5M | No change |
| HAYMAKER ACQUISITION CORP 4 | 4.35% | 325,000 | $3.5M | No change |
| DMYY DMY Squared Technology GR-A | 4.04% | 299,167 | $3.2M | No change |
| TRTLF Tortoiseecofin Acquisition-A | 3.44% | 250,000 | $2.7M | No change |
| CVII Churchill Capital Corp. Vii-A | 2.65% | 194,971 | $2.1M | No change |
| PLMJF Plum Acquisition Corp. III | 2.58% | 189,720 | $2.0M | No change |
| CNDA Concord Acquisition Corp. Class A | 2.49% | 186,250 | $2.0M | Reduce -52.5% |
| BFACF Battery Future Acquisition-A | 2.21% | 159,209 | $1.8M | Reduce -20.4% |
| ATLANTIC COASTAL AQSTN CORP | 2.17% | 150,000 | $1.7M | No change |
| PRLH Pearl Holdings Acquisition-A | 1.74% | 125,000 | $1.4M | No change |
| TMTC TMT Acquisition Corp. Class A | 1.73% | 125,000 | $1.4M | No change |
| IVCP Swiftmerge Acquisition Cor-A | 1.72% | 125,000 | $1.4M | No change |
| WELSBACH TECH METALS ACQU CO | 1.58% | 112,500 | $1.3M | No change |
| BCSA Blockchain Coinvestors Class A | 1.47% | 104,615 | $1.2M | No change |
| EVE Eve Mobility Acquisition C-A | 1.35% | 96,342 | $1.1M | No change |
| SVIIF Spring Valley Acquisition-A | 1.29% | 92,353 | $1.0M | No change |
| MITA Coliseum Acquisition Corp. Class A | 1.29% | 93,103 | $1.0M | No change |
| CCIXU Churchill Capital Corp. Ix | 1.27% | 100,000 | $1.0M | New |
| BLEUACACIA LTD | 1.15% | 85,033 | $913K | No change |
| KVUE Kenvue Inc. | 1.15% | 50,000 | $909K | Add +400.0% |
| WAY Waystar Holding Corp. | 1.08% | 40,000 | $860K | New |
| BURTECH ACQUISITION CORP | 1.08% | 77,169 | $858K | Reduce -1.1% |
| CLBR.U Colombier Acquis Corp. II | 0.97% | 74,100 | $774K | No change |
| SPKUF Spark I Acquisition Corp. | 0.96% | 73,479 | $764K | No change |
| ULS Ul Solutions Inc. Class A | 0.93% | 17,500 | $738K | New |
| CRBG Corebridge Financial Inc. | 0.92% | 25,000 | $728K | Add +233.3% |
| ANSCU Agriculture & Natural Soluti | 0.91% | 70,000 | $721K | No change |
| VIK Viking Holdings Ltd. | 0.85% | 20,000 | $679K | New |
| BRKR Bruker Corp. | 0.80% | 10,000 | $638K | New |
| SKWD Skyward Specialty Insurance | 0.80% | 17,500 | $633K | Add +250.0% |
| APP AppLovin Corp. Class A | 0.79% | 7,500 | $624K | New |
| KDP Keurig Dr Pepper Inc. | 0.74% | 17,500 | $585K | Reduce -41.7% |
| AACT.U Ares Acquisition Corp. II | 0.72% | 53,238 | $570K | Reduce -30.0% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 0.69% | 27,500 | $550K | New |
| BOCN Blue Ocean Acquisition Cor-A | 0.67% | 47,400 | $529K | No change |
| APG Api Group Corp. | 0.63% | 13,391 | $504K | Add +78.5% |
| MACIU Melar Acquisition Corp. I | 0.63% | 50,000 | $500K | New |
| AERT Aeries Technology Inc. | 0.62% | 262,268 | $496K | Reduce -7.4% |
| CTRI Centuri Holdings Inc. | 0.59% | 23,900 | $466K | New |
| RBRK Rubrik Inc. Class A | 0.59% | 15,172 | $465K | New |
| AACI Armada Acquisition Corp. I | 0.55% | 38,506 | $441K | Reduce -28.0% |
| BHAC Focus Impact BH3 Acquisiti-A | 0.53% | 39,505 | $423K | No change |
| BROS Dutch Bros Inc. Class A | 0.52% | 10,000 | $414K | Reduce -55.6% |
| NETDU Nabors Energy Transition Cor | 0.49% | 37,079 | $392K | No change |
| GEHC GE Healthcare Technology | 0.49% | 5,000 | $390K | Reduce -54.5% |
| INTA Intapp Inc. | 0.46% | 10,000 | $367K | Reduce -50.0% |
| TBBB BBB Foods Inc. Class A | 0.45% | 15,000 | $358K | Reduce -40.0% |
| PR Permian Resources Corp. Class A | 0.41% | 20,000 | $323K | Reduce -27.3% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.39% | 7,500 | $308K | New |
| NDAQ Nasdaq Inc. | 0.38% | 5,000 | $301K | Reduce -40.2% |
| PACS Pacs Group Inc. | 0.37% | 10,000 | $295K | New |
| HEI.A Heico Corp. Class A | 0.34% | 1,508 | $268K | No change |
| IBTA Ibotta Inc. Class A | 0.33% | 3,500 | $263K | New |
| DINO HF Sinclair Corp. | 0.30% | 4,500 | $240K | Reduce -22.8% |
| CCC CCC Intelligent Solutions Ho | 0.28% | 20,000 | $222K | New |
| BTSG Brightspring Health Services | 0.28% | 19,293 | $219K | Reduce -3.5% |
| PCG P G & E Corp. | 0.27% | 12,500 | $218K | No change |
| MBIN Merchants Bancorp | 0.26% | 5,000 | $203K | New |
| ATS Ats Corp. | 0.20% | 5,000 | $162K | No change |
| BITCOIN DEPOT INC | 0.20% | 87,792 | $158K | No change |
| TEM Tempus AI Inc. Class A | 0.17% | 3,900 | $137K | New |
| BOW Bowhead Specialty Holdings I | 0.16% | 5,000 | $127K | New |
| REVG Rev Group Inc. | 0.16% | 5,000 | $124K | Reduce -50.0% |
| AUNA Auna SA Class A | 0.15% | 15,000 | $120K | No change |
| SHC Sotera Health Co. | 0.15% | 10,000 | $119K | No change |
| RAPP Rapport Therapeutics Inc. | 0.15% | 5,000 | $116K | New |
| WBTN Webtoon Entertainment Inc. | 0.14% | 5,000 | $114K | New |
| DT Dynatrace Inc. | 0.14% | 2,500 | $112K | No change |
| SPWR Sunpower Inc. filed as COMPLETE SOLARIA INC | 0.14% | 98,108 | $110K | Reduce -44.5% |
| ABVX Abivax SA-ADR | 0.12% | 7,500 | $99K | Reduce -27.7% |
| ZK Zeekr Intelligent Techno-ADR | 0.12% | 5,000 | $94K | New |
| DNB Dun & Bradstreet Holdings Inc. | 0.12% | 10,000 | $93K | No change |
| CNTA Centessa Pharmaceuticals Ltd. | 0.11% | 10,000 | $90K | New |
| CTNM Contineum Therapeutics Inc. Class A | 0.11% | 5,000 | $88K | New |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.10% | 5,000 | $83K | New |
| MAX Mediaalpha Inc. Class A | 0.10% | 6,000 | $79K | New |
| ETNB 89BIO Inc. | 0.09% | 8,786 | $70K | No change |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 0.09% | 10,000 | $68K | New |
| ADUS Addus Homecare Corp. | 0.07% | 500 | $58K | New |
| ANNX Annexon Inc. | 0.06% | 10,000 | $49K | New |
| GPCR Structure Therapeutics Inc. | 0.05% | 1,000 | $39K | New |
| ALIT Alight Inc. Class A | 0.05% | 5,000 | $37K | Reduce -50.0% |
| BOLD Boundless Bio Inc. | 0.04% | 7,500 | $29K | No change |
| RXRX Recursion Pharmaceuticals-A | 0.01% | 1,000 | $8K | New |
| BANZAI INTERNATIONAL INC | 0.01% | 41,251 | $7K | No change |
| ZPTA Zapata Quantum Inc. | 0.00% | 341,500 | $0 | New |
Options reported separately and not counted above: SEDA.WS calls ($154K), ABLLW calls ($150K), CVIIW calls ($141K), GCTS.WS calls ($104K), TRTWF calls ($88K), AIRJW calls ($74K), JWSWF calls ($53K), IVCPW calls ($52K), PLMWF calls ($42K), BHACW calls ($35K), COCHW calls ($29K), PNSWQ calls ($29K), and 13 more.
Other holdings (2): bonds, preferreds, convertibles and warrants · $115K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 579,498 | $70K | No change |
| BLEUACACIA LTD | RIGHT 10/30/2026 | 1,294,306 | $45K | No change |
Total filed on the 13F, all lines: $79.5M.
Portfolio Sells Q1 2024 → Q2 2024
| SCRM Screaming Eagle Acq Class A | Sold out | 0.00% | −7.94 |
| GLOBAL PARTNER ACQISTN CORP | Sold out | 0.00% | −2.15 |
| PEGR Project Energy Reimagined Ac | Sold out | 0.00% | −2.02 |
| SEDA SDCL Edge Acquisition Corp. Class A | Reduce -36.6% | 9.11% | −1.93 |
| CNDA Concord Acquisition Corp. Class A | Reduce -52.5% | 2.49% | −1.57 |
| AFJKU Aimei Health Tech Co. Ltd. | Sold out | 0.00% | −1.52 |
| CMCAF Piermont Valley Acquisition | Sold out | 0.00% | −1.36 |
| DPCS DP Cap Acquisition Corp. Class A | Sold out | 0.00% | −1.14 |
| IGTA Inception Growth Acquisition | Sold out | 0.00% | −0.67 |
| PWSC Powerschool Holdings Inc. Class A | Sold out | 0.00% | −0.63 |
| SNX TD Synnex Corp. | Sold out | 0.00% | −0.56 |
| VCXB 10X Capital Venture Acquis-A | Sold out | 0.00% | −0.53 |
| GEHC GE Healthcare Technology | Reduce -54.5% | 0.49% | −0.49 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.46 |
| AS Amer Sports Inc. | Sold out | 0.00% | −0.42 |
| ODD Oddity Tech Ltd. Class A | Sold out | 0.00% | −0.34 |
| MTDR Matador Resources Co. | Sold out | 0.00% | −0.33 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.32 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −0.30 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.22 |
| INTA Intapp Inc. | Reduce -50.0% | 0.46% | −0.21 |
| BROS Dutch Bros Inc. Class A | Reduce -55.6% | 0.52% | −0.21 |
| NSSC Napco Security Technologies | Sold out | 0.00% | −0.20 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.19 |
| ALCUF Alchemy Investments Acquisit | Sold out | 0.00% | −0.18 |
| SDHC Smith Douglas Homes Corp. | Sold out | 0.00% | −0.18 |
| KDP Keurig Dr Pepper Inc. | Reduce -41.7% | 0.74% | −0.17 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −0.16 |
| VERX Vertex Inc. Class A | Sold out | 0.00% | −0.16 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.15 |
| NDAQ Nasdaq Inc. | Reduce -40.2% | 0.38% | −0.14 |
| TBBB BBB Foods Inc. Class A | Reduce -40.0% | 0.45% | −0.13 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.12 |
| SYM Symbotic Inc. | Sold out | 0.00% | −0.11 |
| BILI Bilibili Inc.-Sponsored ADR | Sold out | 0.00% | −0.11 |
| XPRO Expro Group Holdings NV | Sold out | 0.00% | −0.11 |
| KVYO Klaviyo Inc. Class A | Sold out | 0.00% | −0.10 |
| ENLT Enlight Renewable Energy Ltd. | Sold out | 0.00% | −0.10 |
| ARMK Aramark | Sold out | 0.00% | −0.10 |
| PLGO Pelagos Insurance Capital LT | Sold out | 0.00% | −0.10 |
| SVV Savers Value Village Inc. | Sold out | 0.00% | −0.10 |
| BLBD Blue Bird Corp. | Sold out | 0.00% | −0.09 |
| AERT Aeries Technology Inc. | Reduce -7.4% | 0.62% | −0.09 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.09 |
| SAFE Safehold Inc. | Sold out | 0.00% | −0.09 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.09 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.08 |
| AACT.U Ares Acquisition Corp. II | Reduce -30.0% | 0.72% | −0.08 |
| PR Permian Resources Corp. Class A | Reduce -27.3% | 0.41% | −0.07 |
| TALO Talos Energy Inc. | Sold out | 0.00% | −0.07 |
Portfolio Buys Q1 2024 → Q2 2024
| CCIXU Churchill Capital Corp. Ix | New | 1.27% | +1.27 |
| WAY Waystar Holding Corp. | New | 1.08% | +1.08 |
| KVUE Kenvue Inc. | Add +400.0% | 1.15% | +0.93 |
| ULS Ul Solutions Inc. Class A | New | 0.93% | +0.93 |
| VIK Viking Holdings Ltd. | New | 0.85% | +0.85 |
| BRKR Bruker Corp. | New | 0.80% | +0.80 |
| APP AppLovin Corp. Class A | New | 0.79% | +0.79 |
| CRBG Corebridge Financial Inc. | Add +233.3% | 0.92% | +0.70 |
| MRX Marex UK Holdings Ltd. | New | 0.69% | +0.69 |
| MACIU Melar Acquisition Corp. I | New | 0.63% | +0.63 |
| SKWD Skyward Specialty Insurance | Add +250.0% | 0.80% | +0.61 |
| CTRI Centuri Holdings Inc. | New | 0.59% | +0.59 |
| RBRK Rubrik Inc. Class A | New | 0.59% | +0.59 |
| RARE Ultragenyx Pharmaceutical Inc. | New | 0.39% | +0.39 |
| PACS Pacs Group Inc. | New | 0.37% | +0.37 |
| APG Api Group Corp. | Add +78.5% | 0.63% | +0.34 |
| IBTA Ibotta Inc. Class A | New | 0.33% | +0.33 |
| CCC CCC Intelligent Solutions Ho | New | 0.28% | +0.28 |
| MBIN Merchants Bancorp | New | 0.26% | +0.26 |
| TEM Tempus AI Inc. Class A | New | 0.17% | +0.17 |
| BOW Bowhead Specialty Holdings I | New | 0.16% | +0.16 |
| RAPP Rapport Therapeutics Inc. | New | 0.15% | +0.15 |
| WBTN Webtoon Entertainment Inc. | New | 0.14% | +0.14 |
| ZK Zeekr Intelligent Techno-ADR | New | 0.12% | +0.12 |
| CNTA Centessa Pharmaceuticals Ltd. | New | 0.11% | +0.11 |
| CTNM Contineum Therapeutics Inc. Class A | New | 0.11% | +0.11 |
| JAMF Jamf Holding Corp. | New | 0.10% | +0.10 |
| MAX Mediaalpha Inc. Class A | New | 0.10% | +0.10 |
| GPGI Gpgi Inc. | New | 0.09% | +0.09 |
| ADUS Addus Homecare Corp. | New | 0.07% | +0.07 |
| ANNX Annexon Inc. | New | 0.06% | +0.06 |
| GPCR Structure Therapeutics Inc. | New | 0.05% | +0.05 |
| RXRX Recursion Pharmaceuticals-A | New | 0.01% | +0.01 |
| ZPTA Zapata Quantum Inc. | New | 0.00% | 0.00 |
Options Activity Q1 2024 → Q2 2024
| SCRMW Screaming Eagle Acq Class A -27 | call | Sold out | 770,227 | $364Kbefore exit |
| SKGRW SK Growth Opportunities -29 | call | Sold out | 174,802 | $82Kbefore exit |
| AIRJW Power & Digital Acq -CW24 | call | Reduce -76.3% | 51,621 | $74K |
| JWSWF Jaws Mustang Acq C -CW26 | call | Reduce -12.3% | 562,138 | $53K |
| LVRWF Lavoro Ltd.-27 | call | Sold out | 60,955 | $32Kbefore exit |
| COCHW Envoy Medical Inc.-CW27 | call | Reduce -3.3% | 589,886 | $29K |
| AEON BIOPHARMA INC | call | Sold out | 20,000 | $29Kbefore exit |
| DMYYW DMY Squared Technology GR-27 | call | Sold out | 149,583 | $27Kbefore exit |
| BAERW Wildfire New Pubco Inc.-27 | call | Reduce -11.6% | 182,440 | $24K |
| ONYXW Onyx Acq Co. I Class A -CW23 | call | Reduce -27.8% | 613,211 | $16K |
| AMPX.WS Amprius Technologies Inc. | call | Sold out | 52,137 | $13Kbefore exit |
| KRNLW Kernel Group HLDG -A -CW27 | call | Sold out | 2,388 | $137before exit |
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 |
|---|---|---|---|
| Q4 2025 | 111 | $39.8M | HAYMAKER ACQUISITION CORP 4, BEAG, RGS, RGR, LGN |
| Q3 2025 | 87 | $33.0M | HAYMAKER ACQUISITION CORP 4, BEAG, FACT, TMS, RGS |
| Q2 2025 | 80 | $38.3M | HAYMAKER ACQUISITION CORP 4, BEAG, DYNC, FACT, TMS |
| Q1 2025 | 79 | $33.9M | HAYMAKER ACQUISITION CORP 4, BEAGU, DYNCU, FACTU, CCIXU |
| Q4 2024 | 102 | $52.5M | LVROF, DMYY, HAYMAKER ACQUISITION CORP 4, BEAGU, AJG |
| Q3 2024 | 87 | $61.6M | LVROF, GHIXU, HAYMAKER ACQUISITION CORP 4, DMYY, SEDA |
| Q2 2024 | 89 | $79.4M | LVROF, SEDA, GHIXU, SKGR, HAYMAKER ACQUISITION CORP 4 |
| Q1 2024 | 99 | $101.5M | LVROF, SEDA, SCRM, GHIXU, CNDA |