Sandia Investment Management LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Sandia Investment Management LP reported 87 stock positions worth $61.6 million. Its top holding was Lavoro Class A (LVROF) at 19.3% of the portfolio, followed by Gores Holding Ix (GHIXU, 7.1%) and Haymaker Acquisition Corp. 4 (5.6%). Compared with Q2 2024, it opened 38 new positions, sold out of 40, added to 2 and reduced 20. The biggest buy was a new position in Lineage (LINE) and the biggest sale SDCL Edge Acquisition Class A (SEDA, shares −58%).
- Most Recent 13F
- Q4 2025
- Location
- BOSTON, MA
- CIK
- 0001880562
- Portfolio Value
- $61.6M (Q3 2024)
- SEC Filing
- 0001880562-24-000006 ↗ filed Nov 14, 2024
Holdings Value
Holdings 87 stocks · $61.6M
| LVROF Lavoro Ltd. Class A | 19.31% | 1,098,250 | $11.9M | No change |
| GHIXU Gores Holding Ix Inc. | 7.08% | 412,524 | $4.4M | Reduce -0.3% |
| HAYMAKER ACQUISITION CORP 4 | 5.59% | 325,000 | $3.4M | No change |
| DMYY DMY Squared Technology GR-A | 5.21% | 299,167 | $3.2M | No change |
| SEDA SDCL Edge Acquisition Corp. Class A | 5.10% | 274,284 | $3.1M | Reduce -57.7% |
| VIK Viking Holdings Ltd. | 2.27% | 40,000 | $1.4M | Add +100.0% |
| PRLH Pearl Holdings Acquisition-A | 2.26% | 125,000 | $1.4M | No change |
| IVCP Swiftmerge Acquisition Cor-A | 2.25% | 125,000 | $1.4M | No change |
| PACS Pacs Group Inc. | 1.95% | 30,000 | $1.2M | Add +200.0% |
| BCSA Blockchain Coinvestors Class A | 1.95% | 104,615 | $1.2M | No change |
| EVE Eve Mobility Acquisition C-A | 1.73% | 96,342 | $1.1M | No change |
| SVIIF Spring Valley Acquisition-A | 1.68% | 92,353 | $1.0M | No change |
| CCIXU Churchill Capital Corp. Ix | 1.63% | 100,000 | $1.0M | No change |
| LINE Lineage Inc. | 1.59% | 12,500 | $980K | New |
| BLEUACACIA LTD | 1.52% | 85,033 | $935K | No change |
| SKGR SK Growth Opportunities Co. Class A | 1.45% | 79,068 | $896K | Reduce -75.0% |
| FTW.U Eqv Ventures Acquisition Cor | 1.42% | 87,861 | $872K | New |
| PLMJF Plum Acquisition Corp. III | 1.40% | 79,143 | $861K | Reduce -58.3% |
| KVUE Kenvue Inc. | 1.31% | 35,000 | $810K | Reduce -30.0% |
| SPKUF Spark I Acquisition Corp. | 1.26% | 73,479 | $774K | No change |
| CLBR.U Colombier Acquis Corp. II | 1.24% | 74,100 | $762K | No change |
| VLOSU M3-Brigade Acquisition V Cor | 1.22% | 75,000 | $752K | New |
| HONDU HCM II Acquisition Corp. | 1.22% | 75,000 | $751K | New |
| ANSCU Agriculture & Natural Soluti | 1.20% | 70,000 | $742K | No change |
| ULS Ul Solutions Inc. Class A | 1.20% | 15,000 | $740K | Reduce -14.3% |
| CRBG Corebridge Financial Inc. | 1.18% | 25,000 | $729K | No change |
| CON Concentra Group Holdings Par | 1.01% | 27,750 | $620K | New |
| AACT.U Ares Acquisition Corp. II | 0.94% | 53,238 | $580K | No change |
| AERT Aeries Technology Inc. | 0.94% | 251,405 | $577K | Reduce -4.1% |
| PCVX Vaxcyte Inc. | 0.93% | 5,000 | $571K | New |
| WAY Waystar Holding Corp. | 0.91% | 20,000 | $558K | Reduce -50.0% |
| BOCN Blue Ocean Acquisition Cor-A | 0.88% | 47,400 | $542K | No change |
| NUVL Nuvalent Inc. Class A | 0.83% | 5,000 | $512K | New |
| VCICU Vine Hill Cap Invest-Unit | 0.82% | 50,500 | $505K | New |
| MACIU Melar Acquisition Corp. I | 0.81% | 50,000 | $502K | No change |
| CWST Casella Waste Systems Inc. Class A | 0.81% | 5,000 | $497K | New |
| RGS Regis Corp. | 0.73% | 16,375 | $450K | New |
| FANG Diamondback Energy Inc. | 0.70% | 2,500 | $431K | New |
| SKWD Skyward Specialty Insurance | 0.66% | 10,000 | $407K | Reduce -42.9% |
| POLEU Andretti Acquisition Corp. II | 0.65% | 40,000 | $400K | New |
| SNDA Sonida Senior Living Inc. | 0.64% | 14,782 | $395K | New |
| CTRI Centuri Holdings Inc. | 0.63% | 23,900 | $386K | No change |
| NDAQ Nasdaq Inc. | 0.59% | 5,000 | $365K | No change |
| LPA Logistic Properties of the A | 0.57% | 36,537 | $350K | New |
| GEHC GE Healthcare Technology | 0.53% | 3,500 | $328K | Reduce -30.0% |
| RXO Rxo Inc. | 0.50% | 11,000 | $308K | New |
| HEI.A Heico Corp. Class A | 0.50% | 1,508 | $307K | No change |
| SIRI Sirius XM Holdings Inc. | 0.49% | 12,693 | $300K | New |
| CHWY Chewy Inc. Class A | 0.48% | 10,000 | $293K | New |
| TWFG TWFG Inc. | 0.44% | 10,000 | $271K | New |
| RBRK Rubrik Inc. Class A | 0.39% | 7,500 | $241K | Reduce -50.6% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 0.38% | 10,000 | $236K | Reduce -63.6% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.37% | 2,175 | $231K | New |
| KGS Kodiak Gas Services Inc. | 0.35% | 7,500 | $218K | New |
| IBTA Ibotta Inc. Class A | 0.35% | 3,500 | $216K | No change |
| NETDU Nabors Energy Transition Cor | 0.35% | 20,000 | $213K | Reduce -46.1% |
| IONS Ionis Pharmaceuticals Inc. | 0.33% | 5,000 | $200K | New |
| VNOM Viper Energy Inc. | 0.29% | 4,000 | $180K | New |
| PR Permian Resources Corp. Class A | 0.28% | 12,500 | $170K | Reduce -37.5% |
| SHC Sotera Health Co. | 0.27% | 10,000 | $167K | No change |
| APG Api Group Corp. | 0.27% | 5,000 | $165K | Reduce -62.7% |
| CLAR Clarus Corp. | 0.25% | 33,983 | $153K | New |
| ZETA Zeta Global Holdings Corp. Class A | 0.24% | 5,000 | $149K | New |
| PCG P G & E Corp. | 0.24% | 7,500 | $148K | Reduce -40.0% |
| BWMX Betterware DE Mexico Sapi DE | 0.24% | 11,671 | $148K | New |
| IVT Inventrust Properties Corp. | 0.23% | 5,000 | $142K | New |
| BITCOIN DEPOT INC | 0.23% | 87,792 | $139K | No change |
| AHR American Healthcare REIT Inc. | 0.21% | 5,000 | $131K | New |
| MBX MBX Biosciences Inc. | 0.21% | 5,000 | $130K | New |
| OMCC Old Market Capital Corp. filed as OLD MKT CAP CORP | 0.19% | 18,444 | $117K | New |
| ALGM Allegro Microsystems Inc. | 0.19% | 5,000 | $117K | New |
| CCC CCC Intelligent Solutions Ho | 0.18% | 10,000 | $111K | Reduce -50.0% |
| AUNA Auna SA Class A | 0.17% | 15,000 | $104K | No change |
| RAPP Rapport Therapeutics Inc. | 0.17% | 5,000 | $102K | No change |
| AROC Archrock Inc. | 0.16% | 5,000 | $101K | New |
| ARDT Ardent Health Inc. | 0.15% | 5,000 | $92K | New |
| BRAND ENGAGEMENT NETWORK INC | 0.14% | 80,000 | $83K | New |
| CNTA Centessa Pharmaceuticals Ltd. | 0.13% | 5,000 | $80K | Reduce -50.0% |
| CONTEXTLOGIC INC - A | 0.13% | 14,323 | $78K | New |
| ONL Orion Properties Inc. filed as ORION OFFICE REIT INC | 0.12% | 18,515 | $74K | New |
| BTSG Brightspring Health Services | 0.12% | 5,000 | $73K | Reduce -74.1% |
| ETNB 89BIO Inc. | 0.11% | 8,786 | $65K | No change |
| TCOM Trip.com Group Ltd.-ADR | 0.10% | 1,000 | $59K | New |
| ANNX Annexon Inc. | 0.10% | 10,000 | $59K | No change |
| WBTN Webtoon Entertainment Inc. | 0.07% | 3,700 | $42K | Reduce -26.0% |
| WVE Wave Life Sciences Ltd. | 0.07% | 5,000 | $41K | New |
| IVVD Invivyd Inc. | 0.04% | 26,706 | $27K | New |
Options reported separately and not counted above: ABLLW calls ($236K), SEDA.WS calls ($63K), GCTS.WS calls ($56K), IVCPW calls ($54K), COCHW calls ($47K), PLMWF calls ($37K), AIRJW calls ($16K), JWSWF calls ($16K), BAERW calls ($13K), BHACW calls ($12K), ONYXW calls ($7K), ZAPWF calls ($6K), and 7 more.
Other holdings (2): bonds, preferreds, convertibles and warrants · $98K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 579,498 | $58K | No change |
| BLEUACACIA LTD | RIGHT 10/30/2026 | 1,294,306 | $40K | No change |
Total filed on the 13F, all lines: $61.7M.
Portfolio Sells Q2 2024 → Q3 2024
| SEDA SDCL Edge Acquisition Corp. Class A | Reduce -57.7% | 5.10% | −4.00 |
| TRTLF Tortoiseecofin Acquisition-A | Sold out | 0.00% | −3.44 |
| SKGR SK Growth Opportunities Co. Class A | Reduce -75.0% | 1.45% | −2.98 |
| CVII Churchill Capital Corp. Vii-A | Sold out | 0.00% | −2.65 |
| CNDA Concord Acquisition Corp. Class A | Sold out | 0.00% | −2.49 |
| BFACF Battery Future Acquisition-A | Sold out | 0.00% | −2.21 |
| ATLANTIC COASTAL AQSTN CORP | Sold out | 0.00% | −2.17 |
| TMTC TMT Acquisition Corp. Class A | Sold out | 0.00% | −1.73 |
| WELSBACH TECH METALS ACQU CO | Sold out | 0.00% | −1.58 |
| MITA Coliseum Acquisition Corp. Class A | Sold out | 0.00% | −1.29 |
| PLMJF Plum Acquisition Corp. III | Reduce -58.3% | 1.40% | −1.18 |
| BURTECH ACQUISITION CORP | Sold out | 0.00% | −1.08 |
| BRKR Bruker Corp. | Sold out | 0.00% | −0.80 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.79 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.74 |
| AACI Armada Acquisition Corp. I | Sold out | 0.00% | −0.55 |
| BHAC Focus Impact BH3 Acquisiti-A | Sold out | 0.00% | −0.53 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −0.52 |
| INTA Intapp Inc. | Sold out | 0.00% | −0.46 |
| TBBB BBB Foods Inc. Class A | Sold out | 0.00% | −0.45 |
| RARE Ultragenyx Pharmaceutical Inc. | Sold out | 0.00% | −0.39 |
| APG Api Group Corp. | Reduce -62.7% | 0.27% | −0.37 |
| MRX Marex UK Holdings Ltd. | Reduce -63.6% | 0.38% | −0.31 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.30 |
| MBIN Merchants Bancorp | Sold out | 0.00% | −0.26 |
| ATS Ats Corp. | Sold out | 0.00% | −0.20 |
| RBRK Rubrik Inc. Class A | Reduce -50.6% | 0.39% | −0.19 |
| WAY Waystar Holding Corp. | Reduce -50.0% | 0.91% | −0.18 |
| TEM Tempus AI Inc. Class A | Sold out | 0.00% | −0.17 |
| BOW Bowhead Specialty Holdings I | Sold out | 0.00% | −0.16 |
| BTSG Brightspring Health Services | Reduce -74.1% | 0.12% | −0.16 |
| REVG Rev Group Inc. | Sold out | 0.00% | −0.16 |
| NETDU Nabors Energy Transition Cor | Reduce -46.1% | 0.35% | −0.15 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.14 |
| SPWR Sunpower Inc. | Sold out | 0.00% | −0.14 |
| SKWD Skyward Specialty Insurance | Reduce -42.9% | 0.66% | −0.14 |
| PR Permian Resources Corp. Class A | Reduce -37.5% | 0.28% | −0.13 |
| ABVX Abivax SA-ADR | Sold out | 0.00% | −0.12 |
| ZK Zeekr Intelligent Techno-ADR | Sold out | 0.00% | −0.12 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.12 |
| CTNM Contineum Therapeutics Inc. Class A | Sold out | 0.00% | −0.11 |
| JAMF Jamf Holding Corp. | Sold out | 0.00% | −0.10 |
| CCC CCC Intelligent Solutions Ho | Reduce -50.0% | 0.18% | −0.10 |
| MAX Mediaalpha Inc. Class A | Sold out | 0.00% | −0.10 |
| GPGI Gpgi Inc. | Sold out | 0.00% | −0.09 |
| WBTN Webtoon Entertainment Inc. | Reduce -26.0% | 0.07% | −0.08 |
| ADUS Addus Homecare Corp. | Sold out | 0.00% | −0.07 |
| GPCR Structure Therapeutics Inc. | Sold out | 0.00% | −0.05 |
| ALIT Alight Inc. Class A | Sold out | 0.00% | −0.05 |
| BOLD Boundless Bio Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| LINE Lineage Inc. | New | 1.59% | +1.59 |
| PACS Pacs Group Inc. | Add +200.0% | 1.95% | +1.57 |
| FTW.U Eqv Ventures Acquisition Cor | New | 1.42% | +1.42 |
| VIK Viking Holdings Ltd. | Add +100.0% | 2.27% | +1.41 |
| VLOSU M3-Brigade Acquisition V Cor | New | 1.22% | +1.22 |
| HONDU HCM II Acquisition Corp. | New | 1.22% | +1.22 |
| CON Concentra Group Holdings Par | New | 1.01% | +1.01 |
| PCVX Vaxcyte Inc. | New | 0.93% | +0.93 |
| NUVL Nuvalent Inc. Class A | New | 0.83% | +0.83 |
| VCICU Vine Hill Cap Invest-Unit | New | 0.82% | +0.82 |
| CWST Casella Waste Systems Inc. Class A | New | 0.81% | +0.81 |
| RGS Regis Corp. | New | 0.73% | +0.73 |
| FANG Diamondback Energy Inc. | New | 0.70% | +0.70 |
| POLEU Andretti Acquisition Corp. II | New | 0.65% | +0.65 |
| SNDA Sonida Senior Living Inc. | New | 0.64% | +0.64 |
| LPA Logistic Properties of the A | New | 0.57% | +0.57 |
| RXO Rxo Inc. | New | 0.50% | +0.50 |
| SIRI Sirius XM Holdings Inc. | New | 0.49% | +0.49 |
| CHWY Chewy Inc. Class A | New | 0.48% | +0.48 |
| TWFG TWFG Inc. | New | 0.44% | +0.44 |
| KSPI JSC Kaspi.kz ADR | New | 0.37% | +0.37 |
| KGS Kodiak Gas Services Inc. | New | 0.35% | +0.35 |
| IONS Ionis Pharmaceuticals Inc. | New | 0.33% | +0.33 |
| VNOM Viper Energy Inc. | New | 0.29% | +0.29 |
| CLAR Clarus Corp. | New | 0.25% | +0.25 |
| ZETA Zeta Global Holdings Corp. Class A | New | 0.24% | +0.24 |
| BWMX Betterware DE Mexico Sapi DE | New | 0.24% | +0.24 |
| IVT Inventrust Properties Corp. | New | 0.23% | +0.23 |
| AHR American Healthcare REIT Inc. | New | 0.21% | +0.21 |
| MBX MBX Biosciences Inc. | New | 0.21% | +0.21 |
| OMCC Old Market Capital Corp. | New | 0.19% | +0.19 |
| ALGM Allegro Microsystems Inc. | New | 0.19% | +0.19 |
| AROC Archrock Inc. | New | 0.16% | +0.16 |
| ARDT Ardent Health Inc. | New | 0.15% | +0.15 |
| BRAND ENGAGEMENT NETWORK INC | New | 0.14% | +0.14 |
| CONTEXTLOGIC INC - A | New | 0.13% | +0.13 |
| ONL Orion Properties Inc. | New | 0.12% | +0.12 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.10% | +0.10 |
| WVE Wave Life Sciences Ltd. | New | 0.07% | +0.07 |
| IVVD Invivyd Inc. | New | 0.04% | +0.04 |
Options Activity Q2 2024 → Q3 2024
| ABLLW East Resources Acquis -CW27 | call | Reduce -33.9% | 139,049 | $236K |
| CVIIW Churchill Capital Vii -CW28 | call | Sold out | 401,566 | $141Kbefore exit |
| TRTWF Tortoiseecofin Acquisit-CW | call | Sold out | 517,233 | $88Kbefore exit |
| SEDA.WS SDCL Edge Acq Class A -CW28 | call | Reduce -9.8% | 630,957 | $63K |
| GCTS.WS Concord Acq Class A -CW28 | call | Reduce -38.4% | 427,627 | $56K |
| ABPWW Atlantic Coastal Aqstn Corp. | call | Sold out | 358,427 | $28Kbefore exit |
| AIRJW Power & Digital Acq -CW24 | call | Reduce -24.6% | 38,934 | $16K |
| KCGI.WS Kensington Capital Acq -CW23 | call | Sold out | 617,507 | $16Kbefore exit |
| JWSWF Jaws Mustang Acq C -CW26 | call | Reduce -14.3% | 481,992 | $16K |
| BHACW Crixus BH3 Acquisition -CW26 | call | Reduce -32.2% | 290,325 | $12K |
| XFINW Excelfin Acquisition -CW23 | call | Sold out | 234,880 | $9Kbefore exit |
| CNDAW Concord Acquisition A -CW28 | call | Sold out | 15,830 | $2Kbefore 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 |