In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Scoggin Management LP reported 37 stock positions worth $202.0 million . Its top holding was Telephone and Data Systems (TDS) at 9.1% of the portfolio, followed by Pennantpark Floating Rate Ca (PFLT, 8.1% ) and Soho House (SHCO, 6.1% ). Compared with Q4 2024, it opened 14 new positions, sold out of 8, added to 10 and reduced 7. The biggest buy was a new position in Pennantpark Floating Rate Ca (PFLT) and the biggest sale Nebius (NBIS, shares −59% ).
Location NEW YORK, NY
CIK 0001086416
Portfolio Value $202.0M (Q1 2025) Holdings 37 stocks · $202.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 TDS Telephone and Data Systems 475,000 $18.4M Add +9.2% PFLT Pennantpark Floating Rate Ca 1,469,691 $16.4M New SHCO Soho House & Co. Inc. 2,000,000 $12.4M Reduce -8.6% QQQ Invesco QQQ Trust Series 1 25,000 $11.7M New WULF Terawulf Inc. 4,250,000 $11.6M Add +51.8% ATEX Anterix Inc. 300,000 $11.0M New SOC Sable Offshore Corp. 400,000 $10.1M Add +88.2% PTON Peloton Interactive Inc. Class A 1,500,000 $9.5M Add +22.4% TLT iShares 20+ Year Treasury BD 100,000 $9.1M New TIC Tic Solutions Inc. filed as ACUREN CORP 812,500 $9.0M New APO Apollo Global Management Inc. 62,500 $8.6M Reduce -37.5% CORZ Core Scientific Inc. 1,175,000 $8.5M Add +104.3% DIS The Walt Disney Co. filed as DISNEY WALT CO 75,000 $7.4M No change SPY SS SPDR S&P 500 ETF Trust-US 12,500 $7.0M New ESI Element Solutions Inc. 250,000 $5.7M Reduce -60.5% NBIS Nebius Group NV 237,500 $5.0M Reduce -58.7% TSLA Tesla Inc. 17,500 $4.5M Add +40.0% LTM Latam Airlines Group SA-ADR 125,000 $3.9M Add +25.0% NEXT Nextdecade Corp. 500,000 $3.9M New ETHE Grayscale Ethereum Staking E 230,000 $3.5M No change LMNR Limoneira Co. 175,000 $3.1M Add +27.3% MSOS Advisorshares Pure US Cann 1,000,000 $2.6M No change VG Venture Global Inc. Class A 250,000 $2.6M New LENZ Lenz Therapeutics Inc. 100,000 $2.6M New X United States Steel Corp. 50,000 $2.1M New NRGV Energy Vault Holdings Inc. 3,000,000 $2.1M Reduce -7.6% AMZN Amazon.com Inc. 10,000 $1.9M Reduce -20.0% GOOG Alphabet Inc. Class C 10,000 $1.6M Add +33.3% LTRX Lantronix Inc. 500,000 $1.2M No change AUID Authid Inc. 249,388 $1.2M Add +42.5% MAPS WM Technology Inc. 1,000,000 $1.1M New AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP 12,500 $864K New FOCL Edap TMS SA -ADR 350,000 $686K New ETH Grayscale Ethereum Staking M 23,000 $396K No change BW Babcock & Wilcox Enterpr 500,000 $336K Reduce -50.0% CLNN Clene Inc. 100,000 $308K No change OLPX Olaplex Holdings Inc. 50,000 $64K New
Options reported separately and not counted above: SPY puts ($35.0M), TDS calls ($34.9M), CORZ calls ($15.1M), SPY calls ($14.0M), TDS puts ($9.7M), WULF calls ($9.2M), AD calls ($8.6M), EFA puts ($6.1M), QQQ calls ($5.9M), GRPN calls ($4.7M), PTON calls ($3.2M), X calls ($2.1M), and 9 more.
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ NBIS Nebius Group NV Reduce -58.7% 2.48% −5.88 ESI Element Solutions Inc. Reduce -60.5% 2.80% −5.65 APO Apollo Global Management Inc. Reduce -37.5% 4.24% −4.44 AZPN Aspen Technology Inc. Sold out 0.00% −3.93 NRGV Energy Vault Holdings Inc. Reduce -7.6% 1.03% −2.86 SHCO Soho House & Co. Inc. Reduce -8.6% 6.12% −2.44 RDDT Reddit Inc. Class A Sold out 0.00% −2.36 CLW Clearwater Paper Corp. Sold out 0.00% −1.95 INOD Innodata Inc. Sold out 0.00% −1.56 TAC Transalta Corp. Sold out 0.00% −0.93 KWEB Kranesh Csi China Internet Sold out 0.00% −0.77 BW Babcock & Wilcox Enterpr Reduce -50.0% 0.17% −0.69 MCHI iShares MSCI China ETF Sold out 0.00% −0.62 AMZN Amazon.com Inc. Reduce -20.0% 0.94% −0.50 HNRG Hallador Energy Co. Sold out 0.00% −0.45
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ PFLT Pennantpark Floating Rate Ca New 8.14% +8.14 QQQ Invesco QQQ Trust Series 1 New 5.80% +5.80 ATEX Anterix Inc. New 5.44% +5.44 TLT iShares 20+ Year Treasury BD New 4.51% +4.51 TIC Tic Solutions Inc. New 4.47% +4.47 SPY SS SPDR S&P 500 ETF Trust-US New 3.46% +3.46 SOC Sable Offshore Corp. Add +88.2% 5.02% +2.47 NEXT Nextdecade Corp. New 1.93% +1.93 TDS Telephone and Data Systems Add +9.2% 9.11% +1.32 VG Venture Global Inc. Class A New 1.27% +1.27 LENZ Lenz Therapeutics Inc. New 1.27% +1.27 X United States Steel Corp. New 1.05% +1.05 MAPS WM Technology Inc. New 0.56% +0.56 LTM Latam Airlines Group SA-ADR Add +25.0% 1.94% +0.49 AD Array Digital Infrastructure New 0.43% +0.43 FOCL Edap TMS SA -ADR New 0.34% +0.34 AUID Authid Inc. Add +42.5% 0.60% +0.05 OLPX Olaplex Holdings Inc. New 0.03% +0.03 GOOG Alphabet Inc. Class C Add +33.3% 0.77% +0.02 CORZ Core Scientific Inc. Add +104.3% 4.21% −0.03 LMNR Limoneira Co. Add +27.3% 1.54% −0.23 TSLA Tesla Inc. Add +40.0% 2.25% −0.41 PTON Peloton Interactive Inc. Class A Add +22.4% 4.69% −0.90 WULF Terawulf Inc. Add +51.8% 5.74% −2.58
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 100,000 $51.1Mbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Reduce -58.3% 62,500 $35.0M TDS Telephone and Data Systems call Add +9.1% 900,000 $34.9M CORZ Core Scientific Inc. call Add +94.2% 2,087,500 $15.1M SPY SS SPDR S&P 500 ETF Trust-US call New 25,000 $14.0M IWM iShares Russell 2000 ETF put Sold out 50,000 $11.0Mbefore exit TDS Telephone and Data Systems put Reduce -28.6% 250,000 $9.7M WULF Terawulf Inc. call Add +11.6% 3,375,000 $9.2M AD Array Digital Infrastructure call Add +25.0% 125,000 $8.6M MAGS Roundhill Magnificent Seven call Sold out 125,000 $6.8Mbefore exit BABA Alibaba Group Holding-SP ADR call Sold out 75,000 $6.4Mbefore exit EFA iShares MSCI Eafe ETF put New 75,000 $6.1M QQQ Invesco QQQ Trust Series 1 call New 12,500 $5.9M CENX Century Aluminum Company call Sold out 300,000 $5.5Mbefore exit GRPN Groupon Inc. call Reduce -16.7% 250,000 $4.7M BA The Boeing Co. call Sold out 25,000 $4.4Mbefore exit APO Apollo Global Management Inc. put Sold out 25,000 $4.1Mbefore exit SOC Sable Offshore Corp. put Sold out 175,000 $4.0Mbefore exit IBIT iShares Bitcoin Trust ETF call Sold out 75,000 $4.0Mbefore exit PTON Peloton Interactive Inc. Class A call New 500,000 $3.2M CLW Clearwater Paper Corp. call Sold out 100,000 $3.0Mbefore exit HNRG Hallador Energy Co. call Sold out 200,000 $2.3Mbefore exit X United States Steel Corp. call Reduce -80.0% 50,000 $2.1M ESI Element Solutions Inc. call Sold out 75,000 $1.9Mbefore exit TAC Transalta Corp. call Sold out 125,000 $1.8Mbefore exit SOC Sable Offshore Corp. call Reduce -73.7% 62,500 $1.6M UNFI United Natural Foods Inc. call Sold out 50,000 $1.4Mbefore exit NVDA Nvidia Corp. call New 12,500 $1.4M RDDT Reddit Inc. Class A call New 12,500 $1.3M NBIS Nebius Group NV call Reduce -71.4% 50,000 $1.1M LMNR Limoneira Co. put New 50,000 $886K LMNR Limoneira Co. call Add +306.5% 50,000 $886K HNRG Hallador Energy Co. put Sold out 75,000 $859Kbefore exit DIS The Walt Disney Co. put Sold out 5,000 $557Kbefore exit LTRX Lantronix Inc. call Sold out 125,000 $515Kbefore exit INOD Innodata Inc. call Sold out 12,500 $494Kbefore exit SHCO Soho House & Co. Inc. call New 36,200 $224K WGHTQ WW International Inc. call Sold out 125,000 $159Kbefore 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 Q2 2026 48 $422.5M WULF, CORZ, NRGV, WBD, SHAZ Q1 2026 30 $254.0M WULF, CORZ, NRGV, ECHO, APO Q4 2025 36 $262.4M WULF, ECHO, WBD, NRGV, CORZ Q3 2025 35 $252.3M WULF, NBIS, ECHO, NRGV, CORZ Q2 2025 42 $210.6M WULF, CORZ, NBIS, SHCO, TDS Q1 2025 37 $202.0M TDS, PFLT, SHCO, QQQ, WULF Q4 2024 31 $190.4M APO, SHCO, ESI, NBIS, WULF Q3 2024 44 $181.2M ESI, APO, TDS, SHCO, CORZ Q2 2024 37 $149.7M APO, ESI, TDS, SHCO, CRH Q1 2024 34 $134.6M ESI, APO, CRH, SHCO, TLT