In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Scoggin Management LP reported 35 stock positions worth $252.3 million . Its top holding was Terawulf (WULF) at 31.0% of the portfolio, followed by Nebius (NBIS, 11.7% ) and Echostar Class A (ECHO, 11.0% ). Compared with Q2 2025, it opened 11 new positions, sold out of 18, added to 7 and reduced 12. The biggest buy was Terawulf (WULF, shares +30% ) and the biggest sale an exit from Soho House (SHCO).
Location NEW YORK, NY
CIK 0001086416
Portfolio Value $252.3M (Q3 2025) Holdings 35 stocks · $252.3M 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 Q2 2025 WULF Terawulf Inc. 6,850,000 $78.2M Add +30.5% NBIS Nebius Group NV 262,500 $29.5M Reduce -12.5% ECHO Echostar Corp. Class A 362,500 $27.7M Add +190.0% NRGV Energy Vault Holdings Inc. 5,250,000 $15.6M Add +75.0% CORZ Core Scientific Inc. 750,000 $13.5M Reduce -40.0% TDS Telephone and Data Systems 275,000 $10.8M Reduce -31.3% LENZ Lenz Therapeutics Inc. 225,000 $10.5M Add +12.5% ETHE Grayscale Ethereum Staking E 230,000 $7.9M No change SOC Sable Offshore Corp. 437,500 $7.6M Add +25.0% WLAC Willow Lane Acquisition Class A 585,000 $6.8M New TSLA Tesla Inc. 15,000 $6.7M Reduce -14.3% DIS The Walt Disney Co. filed as DISNEY WALT CO 50,000 $5.7M Reduce -50.0% ATEX Anterix Inc. 225,000 $4.8M Reduce -25.0% MSOS Advisorshares Pure US Cann 1,000,000 $4.8M No change VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 250,000 $3.9M New PTON Peloton Interactive Inc. Class A 375,000 $3.4M Reduce -72.7% GOOG Alphabet Inc. Class C 12,500 $3.0M Add +25.0% KVUE Kenvue Inc. 125,000 $2.0M No change AMZN Amazon.com Inc. 7,500 $1.6M Reduce -25.0% CLNN Clene Inc. 250,000 $1.5M Add +75.1% AUID Authid Inc. 400,000 $1.3M No change CLW Clearwater Paper Corp. 50,000 $1.0M New VECO Veeco Instruments Inc. 17,947 $546K New FCRS.U Futurecrest Acquisition Corp. 50,000 $530K New HURC Hurco Companies Inc. 29,517 $514K New BDCIU BTC Development Corp. 50,000 $505K New XPEL Xpel Inc. 15,000 $496K New RTACU Renatus Tactical Acquisition 25,000 $286K Reduce -66.7% ONCHU 1RT Acquisition Corp. 25,000 $264K New CEPT Cantor Equity Partners Class A 25,000 $263K Reduce -66.7% RDAGU Republic Digital Acquisition 25,000 $263K Reduce -50.0% PCAPU Procap Acquisition Corp. 25,000 $263K No change CAEP Cantor Equity Partners III-A 25,000 $258K Reduce -66.7% CEPF Cantor Equity Partners Class A 25,000 $255K New USIO Usio Inc. 80,000 $114K New
Options reported separately and not counted above: SPY puts ($99.9M), WULF calls ($48.5M), QQQ puts ($45.0M), CORZ calls ($34.1M), WULF puts ($30.0M), IBIT puts ($21.1M), ECHO calls ($17.2M), ECHO puts ($9.5M), TDS calls ($8.8M), KVUE calls ($6.5M), GRPN calls ($5.8M), NBIS puts ($5.6M), and 14 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $8.6M (not counted above) Total filed on the 13F, all lines: $261.0M.
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ SHCO Soho House & Co. Inc. Sold out 0.00% −7.51 CORZ Core Scientific Inc. Reduce -40.0% 5.33% −4.80 DIS The Walt Disney Co. Reduce -50.0% 2.27% −3.62 ESI Element Solutions Inc. Sold out 0.00% −3.50 PTON Peloton Interactive Inc. Class A Reduce -72.7% 1.34% −3.19 AD Array Digital Infrastructure Sold out 0.00% −3.04 TIC Tic Solutions Inc. Sold out 0.00% −2.62 TDS Telephone and Data Systems Reduce -31.3% 4.28% −2.48 ATEX Anterix Inc. Reduce -25.0% 1.91% −1.74 NEXT Nextdecade Corp. Sold out 0.00% −1.69 APO Apollo Global Management Inc. Sold out 0.00% −1.68 CI The Cigna Group Sold out 0.00% −1.57 LTM Latam Airlines Group SA-ADR Sold out 0.00% −1.45 UNFI United Natural Foods Inc. Sold out 0.00% −1.38 IMSR Terrestrial Energy Inc. Sold out 0.00% −1.05 TIXT Telus International Cda Inc. Sold out 0.00% −0.95 DQ Daqo New Energy Corp.-ADR Sold out 0.00% −0.72 MCGAU Yorkville Acquisition Corp. Sold out 0.00% −0.40 BTBT Bit Digital Inc. Sold out 0.00% −0.39 AMZN Amazon.com Inc. Reduce -25.0% 0.65% −0.39 RTACU Renatus Tactical Acquisition Reduce -66.7% 0.11% −0.34 MAPS WM Technology Inc. Sold out 0.00% −0.32 BW Babcock & Wilcox Enterpr Sold out 0.00% −0.30 CEPT Cantor Equity Partners Class A Reduce -66.7% 0.10% −0.29 CAEP Cantor Equity Partners III-A Reduce -66.7% 0.10% −0.27 ETH Grayscale Ethereum Staking M Sold out 0.00% −0.26 ABM Abm Industries Inc. Sold out 0.00% −0.22 RDAGU Republic Digital Acquisition Reduce -50.0% 0.10% −0.15 TSLA Tesla Inc. Reduce -14.3% 2.64% +0.00 NBIS Nebius Group NV Reduce -12.5% 11.68% +3.80
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ WULF Terawulf Inc. Add +30.5% 31.00% +20.08 ECHO Echostar Corp. Class A Add +190.0% 10.97% +9.32 NRGV Energy Vault Holdings Inc. Add +75.0% 6.18% +5.16 WLAC Willow Lane Acquisition Class A New 2.68% +2.68 VISN Vistance Networks Inc. New 1.53% +1.53 LENZ Lenz Therapeutics Inc. Add +12.5% 4.15% +1.37 CLW Clearwater Paper Corp. New 0.41% +0.41 GOOG Alphabet Inc. Class C Add +25.0% 1.21% +0.36 CLNN Clene Inc. Add +75.1% 0.60% +0.33 VECO Veeco Instruments Inc. New 0.22% +0.22 FCRS.U Futurecrest Acquisition Corp. New 0.21% +0.21 HURC Hurco Companies Inc. New 0.20% +0.20 BDCIU BTC Development Corp. New 0.20% +0.20 XPEL Xpel Inc. New 0.20% +0.20 ONCHU 1RT Acquisition Corp. New 0.10% +0.10 CEPF Cantor Equity Partners Class A New 0.10% +0.10 USIO Usio Inc. New 0.04% +0.04 SOC Sable Offshore Corp. Add +25.0% 3.03% −0.63
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +100.0% 150,000 $99.9M WULF Terawulf Inc. call Reduce -30.6% 4,250,000 $48.5M CORZ Core Scientific Inc. call Reduce -30.3% 1,900,000 $34.1M WULF Terawulf Inc. put New 2,625,000 $30.0M IBIT iShares Bitcoin Trust ETF put Add +225.0% 325,000 $21.1M ECHO Echostar Corp. Class A call Add +50.0% 225,000 $17.2M ECHO Echostar Corp. Class A put New 125,000 $9.5M TDS Telephone and Data Systems call Reduce -73.5% 225,000 $8.8M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 100,000 $8.1Mbefore exit KVUE Kenvue Inc. call New 400,000 $6.5M AD Array Digital Infrastructure call Sold out 100,000 $6.4Mbefore exit DIS The Walt Disney Co. put Sold out 50,000 $6.2Mbefore exit DIS The Walt Disney Co. call Sold out 50,000 $6.2Mbefore exit GRPN Groupon Inc. call New 250,000 $5.8M CRWV Coreweave Inc. Class A put Sold out 35,000 $5.7Mbefore exit NBIS Nebius Group NV put Reduce -33.3% 50,000 $5.6M NLY Annaly Capital Management Inc. call New 250,000 $5.1M WBD Warner Bros Discovery Inc. call New 250,000 $4.9M SOC Sable Offshore Corp. call Add +42.9% 250,000 $4.4M MSOS Advisorshares Pure US Cann call New 750,000 $3.6M HUT Hut 8 Corp. put New 100,000 $3.5M CRWV Coreweave Inc. Class A call New 25,000 $3.4M UNFI United Natural Foods Inc. call Reduce -40.0% 75,000 $2.8M NBIS Nebius Group NV call Reduce -60.0% 25,000 $2.8M ARKK ARK Innovation ETF put Sold out 37,500 $2.6Mbefore exit PTON Peloton Interactive Inc. Class A call Sold out 375,000 $2.6Mbefore exit NRGV Energy Vault Holdings Inc. call Add +600.0% 875,000 $2.6M AGNC AGNC Investment Corp. call New 250,000 $2.4M MSOS Advisorshares Pure US Cann put New 500,000 $2.4M IREN Iren Ltd. put New 50,000 $2.3M TDS Telephone and Data Systems put Sold out 50,000 $1.8Mbefore exit NEXT Nextdecade Corp. call New 250,000 $1.7M SLV iShares Silver Trust call Sold out 50,000 $1.6Mbefore exit UNFI United Natural Foods Inc. put Sold out 50,000 $1.2Mbefore exit CENX Century Aluminum Company call Sold out 50,000 $901Kbefore exit BW Babcock & Wilcox Enterpr call Sold out 250,000 $241Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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