Shay Capital LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Shay Capital LLC reported 371 stock positions worth $619.1 million. Its top holding was Ftai Aviation (FTAI) at 10.0% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Purecycle Technologies (PCT, 2.2%). Compared with Q3 2025, it opened 176 new positions, sold out of 99, added to 93 and reduced 88. The biggest buy was Microsoft (MSFT, shares +319%) and the biggest sale Purecycle Technologies (PCT, shares −16%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001723643
Portfolio Value
$619.1M (Q4 2025)
SEC Filing
0001723643-26-000002 ↗ filed Feb 17, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $340.0M Q1 2024 Q2 2024: $358.9M Q2 2024 Q3 2024: $338.6M Q3 2024 Q4 2024: $408.1M Q4 2024 Q1 2025: $343.2M Q1 2025 Q2 2025: $438.7M Q2 2025 Q3 2025: $551.3M Q3 2025 Q4 2025: $619.1M $619.1M Q4 2025 Q1 2026: $704.1M Q1 2026 Q2 2026: $906.1M Q2 2026

Holdings 371 stocks · $619.1M
FTAI Ftai Aviation Ltd. 10.02% 315,000 $62.0M Add +7.5%
MSFT Microsoft Corp. 4.34% 55,550 $26.9M Add +318.9%
PCT Purecycle Technologies Inc. 2.21% 1,590,058 $13.7M Reduce -16.1%
AZ A2Z CUST2MATE Solutions Corp. 2.16% 2,056,000 $13.4M Add +28.5%
SPY SS SPDR S&P 500 ETF Trust-US 2.00% 18,150 $12.4M Add +263.0%
GNW Genworth Financial Inc. 1.93% 1,320,305 $11.9M Add +50.9%
AMZN Amazon.com Inc. 1.88% 50,456 $11.6M Add +39.9%
GLNG Golar LNG Ltd. 1.77% 295,200 $11.0M Reduce -2.5%
XXI Twenty One Capital Inc. Class A 1.60% 1,127,539 $9.9M New
CMCSA Comcast Corp. Class A 1.47% 304,455 $9.1M New
AIZ Assurant Inc. 1.35% 34,800 $8.4M Add +24.3%
MAX Mediaalpha Inc. Class A 1.24% 591,000 $7.7M Reduce -25.2%
CXW Corecivic Inc. 1.23% 397,500 $7.6M Reduce -6.6%
SNV Synovus Financial Corp. 1.21% 150,000 $7.5M New
NVDA Nvidia Corp. 1.18% 39,050 $7.3M Reduce -17.6%
BA The Boeing Co. 1.13% 32,100 $7.0M Add +163.1%
TLYS Tilly's Inc. Class A SHRS 1.08% 3,360,000 $6.7M No change
SNOW Snowflake Inc. 1.07% 30,150 $6.6M Add +0.4%
BABA Alibaba Group Holding-SP ADR 1.04% 44,100 $6.5M Add +47.0%
TH Target Hospitality Corp. 1.01% 782,250 $6.3M Reduce -30.8%
REAL BROKERAGE INC/THE filed as THE REAL BROKERAGE INC 1.01% 1,709,618 $6.2M Add +36.8%
MRVL Marvell Technology Inc. 0.93% 67,400 $5.7M Add +29.9%
NFE New Fortress Energy Inc. 0.92% 4,973,000 $5.7M Reduce -12.4%
TAL Tal Education Group- ADR 0.90% 510,000 $5.6M No change
RKT Rocket Cos Inc. Class A 0.89% 285,049 $5.5M Add +639.5%
IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L 0.87% 215,868 $5.4M Reduce -9.2%
BRSL Brightstar Lottery PLC 0.86% 343,600 $5.3M Add +3336.0%
FIP Ftai Infrastructure Inc. 0.86% 1,149,800 $5.3M Reduce -9.5%
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.84% 495,328 $5.2M New
IPX Iperionx Ltd. - ADR 0.79% 135,245 $4.9M Add +86.8%
FWRD Forward Air Corp. 0.78% 194,300 $4.9M Add +22.1%
MDLN Medline Inc. Class A 0.78% 115,000 $4.8M New
PZZA Papa John's Intl Inc. 0.73% 117,981 $4.5M New
TDAY USA Today Co. Inc. 0.73% 876,737 $4.5M Reduce -14.5%
MRLN Merlin Inc. filed as INFLECTION POINT ACQUISITION 0.70% 404,403 $4.3M New
EOSE Eos Energy Enterprises Inc. 0.70% 376,000 $4.3M Add +164.8%
WLTH Wealthfront Corp. 0.70% 316,965 $4.3M New
BIDU Baidu Inc. - Spon ADR 0.69% 32,500 $4.2M Add +56.3%
SNDK Sandisk Corp. 0.67% 17,550 $4.2M New
GEO The Geo Group Inc. 0.65% 248,900 $4.0M Add +55.8%
PNFP Pinnacle Financial Partners 0.65% 42,000 $4.0M New
FSLR First Solar Inc. 0.61% 14,492 $3.8M Reduce -25.7%
SOLS Solstice Adv Materials Inc. 0.59% 74,887 $3.6M Add +4370.9%
DYNC Dynamix Corp. 0.57% 343,896 $3.5M Add +14.7%
IWM iShares Russell 2000 ETF 0.55% 13,918 $3.4M New
HUT Hut 8 Corp. 0.55% 74,378 $3.4M New
BARK Bark Inc. 0.54% 5,511,600 $3.3M Add +24.4%
CINF Cincinnati Financial Corp. 0.53% 20,000 $3.3M Reduce -20.0%
INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X 0.52% 206,971 $3.2M Reduce -63.3%
ASPI Asp Isotopes Inc. 0.50% 579,000 $3.1M Add +291.2%
HYMC Hycroft Mining Holding Co. Class A 0.50% 129,895 $3.1M Reduce -24.6%
ASTH Astrana Health Inc. 0.48% 121,000 $3.0M New
KRE SS SPDR S&P Regional Bank 0.48% 46,000 $3.0M New
CLH Clean Harbors Inc. 0.47% 12,523 $2.9M New
SMH Vaneck Semiconductor ETF 0.47% 8,087 $2.9M Reduce -1.3%
LGIH Lgi Homes Inc. 0.45% 64,800 $2.8M Add +32.0%
JMIA Jumia Technologies AG-ADR 0.43% 214,200 $2.7M New
VRT Vertiv Holdings Co. Class A 0.43% 16,250 $2.6M New
CEPT Cantor Equity Partners Class A 0.42% 229,320 $2.6M New
NXH Neighborhood Intelligence Inc. filed as BED BATH & BEYOND INC 0.41% 459,553 $2.5M Add +36.9%
META Meta Platforms Inc. Class A 0.41% 3,800 $2.5M Reduce -60.1%
FIVE Five Below 0.39% 12,775 $2.4M Add +58.7%
MHO M/I Homes Inc. 0.38% 18,550 $2.4M New
UNP Union Pacific Corp. 0.37% 10,000 $2.3M Add +25.0%
NOW ServiceNow Inc. 0.37% 14,900 $2.3M Add +496.0%
OKUR Onkure Therapeutics Inc. Class A 0.37% 780,861 $2.3M Reduce -14.9%
GOOGL Alphabet Inc. Class A 0.36% 7,101 $2.2M Add +350.9%
ELV Elevance Health Inc. 0.34% 6,000 $2.1M Reduce -63.1%
HD Home Depot Inc. 0.33% 6,000 $2.1M Add +727.6%
LULU Lululemon Athletica Inc. 0.33% 9,875 $2.1M Add +87.2%
ALIT Alight Inc. Class A 0.33% 1,042,300 $2.0M Add +300.9%
NKE Nike Inc. Class B 0.33% 31,900 $2.0M Add +214.3%
HON Honeywell International Inc. 0.33% 10,350 $2.0M Add +54.5%
BKD Brookdale Senior Living Inc. 0.32% 185,000 $2.0M Add +164.3%
WULF Terawulf Inc. 0.31% 165,326 $1.9M Reduce -35.8%
MRSH Marsh & McLennan Cos 0.30% 10,000 $1.9M New
COHR Coherent Corp. 0.30% 10,000 $1.8M New
BCC Boise Cascade Co. 0.30% 24,900 $1.8M Add +9.7%
RL Ralph Lauren Corp. 0.29% 5,150 $1.8M Add +106.0%
COF Capital One Financial Corp. 0.29% 7,500 $1.8M New
TSLA Tesla Inc. 0.29% 4,000 $1.8M Reduce -77.3%
RVMD Revolution Medicines Inc. 0.29% 22,260 $1.8M Reduce -51.6%
AS Amer Sports Inc. 0.28% 45,900 $1.7M New
MP MP Materials Corp. 0.28% 33,800 $1.7M New
TE T1 Energy Inc. 0.27% 254,694 $1.7M Add +322.7%
IMSR Terrestrial Energy Inc. 0.27% 277,363 $1.7M New
LLY Eli Lilly & Co. 0.27% 1,572 $1.7M New
TLT iShares 20+ Year Treasury BD 0.26% 18,716 $1.6M Add +3.4%
ALK Alaska Air Group Inc. 0.26% 31,887 $1.6M New
SIRI Sirius XM Holdings Inc. 0.26% 79,749 $1.6M Add +38.6%
BX Blackstone Inc. 0.25% 10,000 $1.5M No change
KD Kyndryl Holdings Inc. 0.25% 57,500 $1.5M New
PWR Quanta Services Inc. 0.24% 3,500 $1.5M New
GCO Genesco Inc. 0.24% 59,500 $1.5M Add +8.4%
FLY Firefly Aerospace Inc. 0.23% 62,778 $1.4M Reduce -48.9%
AXP American Express Co. 0.22% 3,750 $1.4M New
OSCR Oscar Health Inc. Class A 0.22% 93,500 $1.3M New
SLDE Slide Insurance Holdings Inc. 0.21% 67,500 $1.3M Reduce -27.0%
SPIR Spire Global Inc. 0.21% 174,839 $1.3M Add +35.2%
SRRK Scholar Rock Holding Corp. 0.21% 29,300 $1.3M New
RIOT Riot Platforms Inc. 0.21% 101,477 $1.3M New
ASND Ascendis Pharma A/S 0.21% 6,000 $1.3M New
PLCE The Children's Place Inc. 0.21% 320,870 $1.3M Add +4.6%
SBUX Starbucks Corp. 0.20% 15,000 $1.3M New
BE Bloom Energy Corp. Class A 0.20% 14,250 $1.2M New
FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR 0.20% 93,933 $1.2M Reduce -2.5%
BURL Burlington Stores Inc. 0.20% 4,200 $1.2M New
ULTA Ulta Beauty Inc. 0.20% 2,000 $1.2M Add +48.1%
COCO The Vita Coco Co. Inc. 0.19% 22,500 $1.2M Add +6.6%
PD Pagerduty Inc. 0.19% 90,428 $1.2M Add +13.6%
SYNA Synaptics Inc. 0.19% 16,000 $1.2M New
NVRI Enviri Corp. 0.19% 66,000 $1.2M Reduce -93.4%
ACHV Achieve Life Sciences Inc. 0.19% 234,937 $1.2M Reduce -18.9%
RXRX Recursion Pharmaceuticals-A 0.18% 279,841 $1.1M Add +479.3%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.18% 10,850 $1.1M Add +106.7%
URI United Rentals Inc. 0.18% 1,400 $1.1M New
BROS Dutch Bros Inc. Class A 0.18% 18,450 $1.1M New
AVGO Broadcom Inc. 0.18% 3,250 $1.1M Add +18.2%
CROX Crocs Inc. 0.18% 13,000 $1.1M Reduce -40.9%
CIFR Cipher Digital Inc. 0.18% 75,000 $1.1M New
APG Api Group Corp. 0.18% 28,750 $1.1M No change
TALK Talkspace Inc. 0.18% 300,000 $1.1M New
DRI Darden Restaurants Inc. 0.18% 5,900 $1.1M Add +321.1%
BCAX Bicara Therapeutics Inc. 0.17% 64,300 $1.1M New
CLBT Cellebrite Di Ltd. 0.17% 59,805 $1.1M Add +107.2%
STRIVE INC 0.17% 1,457,618 $1.1M New
EAT Brinker International Inc. 0.17% 7,400 $1.1M New
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.17% 55,000 $1.0M Add +9.3%
TSLL Dirx DLY Tsla Bul 2X ETF-Aui 0.17% 53,500 $1.0M New
TENB Tenable Holdings Inc. 0.16% 42,735 $1.0M Add +40.7%
QURE Uniqure NV 0.16% 41,073 $983K Add +17.4%
PSN Parsons Corp. 0.16% 15,750 $973K New
ROST Ross Stores Inc. 0.15% 5,326 $959K Add +232.9%
VYNE THERAPEUTICS INC 0.15% 1,624,349 $942K Add +229.8%
AII American Integrity Insurance 0.15% 45,000 $937K Reduce -25.0%
ONON On Holding AG Class A filed as ON HLDG AG 0.15% 20,000 $930K New
CHAC Crane Harbor Acqu Corp. Class A 0.15% 84,796 $913K New
CMRC Commerce.com Inc. 0.15% 219,332 $904K No change
GME Gamestop Corp. Class A 0.14% 44,317 $890K New
GRPN Groupon Inc. 0.14% 50,000 $881K Add +233.3%
AAOI Applied Optoelectronics Inc. 0.14% 25,000 $872K New
AIOT Powerfleet Inc. 0.14% 161,692 $860K Reduce -41.4%
WSC Willscot Holdings Corp. 0.14% 45,600 $859K Add +128.0%
TVA Texas Ventures Acquisition-A 0.14% 79,476 $846K Add +511.4%
DUOT Duos Technologies Group Inc. 0.14% 75,000 $844K Reduce -81.8%
MCD McDonald's Corp. 0.14% 2,750 $840K Reduce -43.9%
FNKO Funko Inc. Class A 0.13% 245,185 $834K Reduce -57.0%
PLNT Planet Fitness Inc. Class A 0.13% 7,575 $822K New
REZI Resideo Technologies Inc. 0.13% 23,000 $808K New
ATAIBECKLEY INC 0.13% 195,000 $798K Add +186.8%
MLI Mueller Industries Inc. 0.13% 6,835 $785K Reduce -26.3%
MSGS Madison Square Garden Sports 0.13% 3,000 $776K Reduce -45.5%
WLAC Willow Lane Acquisition Class A 0.12% 60,706 $767K Reduce -28.9%
OCUL Ocular Therapeutix Inc. 0.12% 63,000 $765K Reduce -25.4%
FCX Freeport-McMoran Inc. 0.12% 15,000 $762K Add +194.1%
ICHR Ichor Holdings Ltd. 0.12% 41,000 $756K Add +0.6%
NUVL Nuvalent Inc. Class A 0.12% 7,500 $754K New
ACLX Arcellx Inc. 0.12% 11,400 $743K New
WRBY Warby Parker Inc. Class A 0.12% 33,700 $734K Add +237.0%
ORA Ormat Technologies Inc. 0.12% 6,636 $733K Reduce -5.2%
CWAN Clearwater Analytics HDS-A 0.12% 30,000 $724K New
AIR Aar Corp. 0.12% 8,733 $723K Reduce -32.8%
CEPF Cantor Equity Partners Class A 0.12% 70,298 $723K Reduce -64.8%
KNF Knife River Corp. 0.12% 10,250 $721K Add +36.7%
SGRY Surgery Partners Inc. 0.11% 46,000 $711K New
TDUP Thredup Inc. Class A 0.11% 111,200 $711K New
DKNG Draftkings Inc. Class A 0.11% 20,500 $706K New
NWG Natwest Group PLC -Spon ADR 0.11% 40,000 $700K Add +168.1%
LW Lamb Weston Holdings Inc. 0.11% 16,500 $691K New
LOW Lowe's Cos Inc. 0.11% 2,800 $675K Add +41.8%
HNRG Hallador Energy Co. 0.11% 35,000 $666K No change
NEUP Neuphoria Therapeutics Inc. 0.11% 169,059 $656K New
DTE DTE Energy Company 0.10% 5,000 $645K New
LIF LIFE360 Inc. 0.10% 10,000 $641K New
NBIS Nebius Group NV 0.10% 7,485 $627K Reduce -81.2%
OLLI Ollie's Bargain Outlet Holdi 0.10% 5,600 $614K New
CRON Cronos Group Inc. 0.10% 232,298 $611K Add +49.5%
GRND Grindr Inc. 0.10% 45,000 $609K New
MDXH Mdxhealth 0.10% 170,500 $609K New
MSOS Advisorshares Pure US Cann 0.10% 127,864 $604K Reduce -93.2%
PM Philip Morris International 0.10% 3,750 $602K New
FLWS 1-800-Flowers.com Inc. Class A 0.10% 151,879 $597K Add +24.4%
NDAQ Nasdaq Inc. 0.09% 6,050 $588K New
BBY Best Buy Co. Inc. 0.09% 8,575 $574K New
DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 0.09% 89,000 $570K Reduce -43.0%
AEVA Aeva Technologies Inc. 0.09% 42,500 $564K New
SATL Satellogic Inc. Class A 0.09% 301,400 $564K New
JEF Jefferies Financial Group Inc. 0.09% 9,000 $558K Add +28.6%
CWH Camping World Holdings Inc. Class A 0.09% 56,632 $551K New
LAD Lithia Motors Inc. 0.09% 1,650 $548K New
FLNC Fluence Energy Inc. 0.09% 27,500 $544K New
ENVX Enovix Corp. 0.09% 73,601 $538K Add +94.1%
RH RH 0.09% 3,000 $537K New
FLR Fluor Corp. 0.09% 13,500 $535K Reduce -46.8%
COMP Compass Inc. Class A 0.09% 50,000 $529K New
OLMA Olema Pharmaceuticals Inc. 0.08% 21,000 $525K New
VMI Valmont Industries 0.08% 1,300 $523K New
NKLR Terra Innovatum Global NV 0.08% 112,577 $520K New
LION Lionsgate Studios Corp. 0.08% 56,741 $518K Reduce -61.3%
NFLX Netflix Inc. 0.08% 5,500 $516K Reduce -31.3%
HPP Hudson Pacific Properties Inc. 0.08% 47,500 $514K New
HUBS HubSpot Inc. 0.08% 1,275 $512K New
TBBB BBB Foods Inc. Class A 0.08% 15,250 $509K New
PTON Peloton Interactive Inc. Class A 0.08% 81,660 $503K Add +31.0%
SIG Signet Jewelers Ltd. 0.08% 6,000 $497K Reduce -2.1%
AR Antero Resources Corp. 0.08% 14,400 $496K Reduce -17.7%
CDNS Cadence Design SYS Inc. 0.08% 1,575 $492K New
EME Emcor Group Inc. 0.08% 800 $489K Reduce -76.2%
CLMT Calumet Inc. 0.08% 24,477 $486K Reduce -4.0%
CVNA Carvana Co. 0.08% 1,150 $485K New
TSM Taiwan Semiconductor-SP ADR 0.08% 1,575 $479K New
ACM Aecom 0.08% 5,000 $477K New
CARR Carrier Global Corp. 0.08% 9,000 $476K New
RBRK Rubrik Inc. Class A 0.07% 6,000 $459K New
AXON Axon Enterprise Inc. 0.07% 800 $454K New
APLD Applied Digital Corp. 0.07% 18,525 $454K New
DNTH Dianthus Therapeutics Inc. 0.07% 11,000 $453K New
QGEN Qiagen N.V. 0.07% 10,000 $450K New
NPKI NPK International Inc. 0.07% 37,541 $447K New
VRSK Verisk Analytics Inc. 0.07% 2,000 $447K New
ZG Zillow Group Inc. Class A 0.07% 6,500 $443K New
STEX Streamex Corp. 0.07% 145,668 $441K New
CEPO Cantor Equity Partners I-A 0.07% 42,385 $441K Reduce -76.5%
RPT Rithm Property Trust Inc. 0.07% 26,599 $441K Add +0.8%
MDB Mongodb Inc. 0.07% 1,050 $441K New
JHX James Hardie Ind PLC 0.07% 21,132 $438K New
GO Grocery Outlet Holding Corp. 0.07% 43,400 $438K Add +334.0%
KSS Kohls Corp. 0.07% 21,433 $437K Reduce -28.2%
OPAD Offerpad Solutions Inc. 0.07% 359,365 $435K New
MU Micron Technology Inc. 0.07% 1,500 $428K New
FOLD Amicus Therapeutics Inc. 0.07% 30,000 $427K New
SNWV Sanuwave Health Inc. 0.07% 14,200 $424K New
MELI MercadoLibre Inc. 0.07% 210 $423K New
BYND Beyond Meat Inc. 0.07% 512,975 $421K New
GENI Genius Sports Ltd. 0.07% 38,000 $419K Add +192.3%
WEN The Wendy's Co. 0.07% 50,000 $417K New
SCHL Scholastic Corp. 0.07% 14,000 $415K Reduce -38.1%
REAL The Realreal Inc. filed as THE REALREAL INC 0.07% 26,000 $410K Reduce -55.0%
ARES Ares Management Corp. Class A 0.07% 2,500 $404K New
SNAP Snap Inc. Class A 0.07% 50,000 $404K New
UHAL U-Haul Holding Co. 0.07% 8,000 $403K Add +77.8%
DFDV Defi Development Corp. 0.07% 79,635 $402K New
NUAI New Era Energy & Digital Inc. 0.06% 136,633 $400K Reduce -27.7%
SFM Sprouts Farmers Market Inc. 0.06% 5,000 $398K New
RTAC Renatus Tactical Acquisiti-A 0.06% 37,087 $396K Add +11.8%
FRMI Fermi Inc. 0.06% 49,260 $394K New
APH Amphenol Corp. Class A 0.06% 2,900 $392K New
DG Dollar General Corp. 0.06% 2,900 $385K New
VOYG Voyager Technologies Inc. Class A 0.06% 14,299 $374K Reduce -18.1%
TTAN Servicetitan Inc. Class A 0.06% 3,500 $373K New
DOV Dover Corp. 0.06% 1,900 $371K New
PANW Palo Alto Networks Inc. 0.06% 2,000 $368K New
DNA Ginkgo Bioworks Holdings Inc. 0.06% 43,899 $365K Add +107.1%
KHC The Kraft Heinz Co. 0.06% 14,736 $357K New
TASK Taskus Inc. Class A 0.06% 30,308 $357K New
NXT Nextpower Inc. 0.06% 4,100 $357K Reduce -18.0%
UPS United Parcel Service Class B 0.06% 3,500 $347K New
GWH Ess Tech Inc. 0.05% 180,000 $338K New
KVUE Kenvue Inc. 0.05% 19,616 $338K Reduce -54.9%
HALO Halozyme Therapeutics Inc. 0.05% 5,000 $337K New
AMKR Amkor Technology Inc. 0.05% 8,500 $336K Reduce -72.6%
PEW Grabagun Digital Holdings Inc. 0.05% 111,284 $335K Add +39.7%
NCLH Norwegian Cruise Line Holdin 0.05% 15,000 $335K New
PRMB Primo Brands Corp. 0.05% 20,400 $334K Add +117.0%
INSM Insmed Inc. 0.05% 1,900 $331K New
OXY Occidental Petroleum Corp. 0.05% 8,000 $329K New
JACK Jack in the Box Inc. 0.05% 17,290 $328K Reduce -40.9%
NVT Nvent Electric PLC 0.05% 3,200 $326K New
CDE Coeur Mining Inc. 0.05% 18,000 $321K New
HROW Harrow Inc. 0.05% 6,442 $316K New
EXAS Exact Sciences Corp. 0.05% 3,000 $305K New
ROKU Roku Inc. 0.05% 2,800 $304K New
GUTS Fractyl Health Inc. 0.05% 136,568 $300K Reduce -52.1%
S Sentinelone Inc. Class A 0.05% 20,000 $300K New
VSXY Victoria's Secret & Co. 0.05% 5,400 $293K New
PONY Pony AI Inc. 0.05% 20,000 $290K New
TMO Thermo Fisher Scientific Inc. 0.05% 500 $290K New
MBI Mbia Inc. 0.05% 40,000 $286K Reduce -11.1%
ALEX Alexander & Baldwin Inc. 0.05% 13,748 $284K New
NESR National Energy Services Reu 0.05% 18,000 $282K New
STRO Sutro Biopharma Inc. 0.05% 24,255 $281K Reduce -22.3%
ULS Ul Solutions Inc. Class A 0.05% 3,550 $280K New
SEI Solaris Energy Infrastructur 0.04% 6,000 $276K New
SEER Seer Inc. 0.04% 150,331 $275K Add +104.3%
MAPS WM Technology Inc. 0.04% 333,029 $275K Reduce -19.3%
DAR Darling Ingredients Inc. 0.04% 7,500 $270K No change
MPLX MPLX LP 0.04% 5,000 $267K New
TREE Lendingtree Inc. 0.04% 5,000 $265K New
BNC Cea Industries Inc. 0.04% 41,306 $265K Reduce -18.4%
ASAN Asana Inc. Class A 0.04% 19,160 $263K New
GEV GE Vernova Inc. 0.04% 400 $261K No change
XHB SS SPDR S&P Homebldrs ETF 0.04% 2,500 $257K New
GDYN Grid Dynamics Holdings Inc. 0.04% 28,500 $257K Reduce -43.0%
ALGT Allegiant Travel Co. 0.04% 3,000 $256K Reduce -21.1%
VSTS Vestis Corp. 0.04% 38,243 $255K New
FOUR SHIFT4 Payments Inc. Class A 0.04% 4,000 $252K Add +43.6%
MCHB Mechanics Bancorp Class A 0.04% 17,071 $250K Reduce -2.9%
BH Biglari Holdings Inc. Class B 0.04% 750 $249K New
AGNC AGNC Investment Corp. 0.04% 23,000 $247K Reduce -92.7%
TBHC Brand House Collective Inc./T filed as THE BRAND HOUSE COLLECTIVE I 0.04% 222,106 $244K Add +23.9%
BTC Grayscale Bitcoin Mini ETF 0.04% 6,250 $242K Add +56.3%
CLRO Clearone Inc. 0.04% 47,253 $241K New
CVS CVS Health Corp. 0.04% 3,000 $238K Reduce -40.0%
LDI Loandepot Inc. Class A 0.04% 115,000 $238K Add +15.0%
TBMC Trailblazer Merger Corp. I 0.04% 17,716 $236K Reduce -87.4%
WAB Wabtec Corp. 0.04% 1,100 $235K New
INVZ Innoviz Technologies Ltd. 0.04% 275,000 $235K New
NCNO Ncino Inc. 0.04% 9,000 $231K New
ATI Ati Inc. 0.04% 2,000 $230K New
WAY Waystar Holding Corp. 0.04% 7,000 $229K New
MSTR Strategy Inc. 0.04% 1,500 $228K New
CYTK Cytokinetics Inc. 0.04% 3,586 $228K Reduce -40.4%
TGNA Tegna Inc. 0.04% 11,400 $221K New
BILL Bill Holdings Inc. 0.04% 4,000 $218K New
RNAM Avidity Biosciences Inc. 0.04% 3,000 $216K New
SLNO Soleno Therapeutics Inc. 0.03% 4,600 $213K New
CNCK Coincheck Group NV 0.03% 84,254 $212K Add +34.3%
QXO Qxo Inc. 0.03% 11,000 $212K Reduce -61.6%
KZR Kezar Life Sciences Inc. 0.03% 33,699 $212K Reduce -50.2%
XGN Exagen Inc. 0.03% 33,694 $205K New
CVI CVR Energy Inc. 0.03% 7,914 $201K New
LNSR Lensar Inc. 0.03% 16,968 $197K Reduce -1.9%
RR Richtech Robotics Inc. Class B 0.03% 60,363 $195K New
TDOC Teladoc Health Inc. 0.03% 26,000 $182K New
CURV Torrid Holdings Inc. 0.03% 184,359 $180K No change
ANGX Angel Studios Inc. 0.03% 36,000 $168K New
EVH Evolent Health Inc. Class A 0.03% 41,514 $166K Add +38.4%
QSI Quantum-Si Inc. 0.03% 149,132 $164K Reduce -3.5%
SRTA Strata Critical Medical Inc. 0.03% 34,042 $164K New
SMLR Semler Scientific Inc. 0.03% 10,558 $161K New
IMA Imagenebio Inc. 0.03% 23,216 $160K New
BTBT Bit Digital Inc. 0.03% 82,500 $156K Add +106.3%
HUMA Humacyte Inc. 0.03% 160,900 $155K New
FUN Six Flags Entertainment Corp. 0.02% 10,000 $153K New
BZFD Buzzfeed Inc. 0.02% 163,594 $152K Reduce -8.7%
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.02% 14,135 $146K New
NWAX.U New America Acquisition I Co. 0.02% 13,925 $145K New
VOR Vor Biopharma Inc. 0.02% 10,745 $141K New
SPRO Spero Therapeutics Inc. 0.02% 60,289 $140K Reduce -5.3%
SES Ses AI Corp. 0.02% 75,551 $136K Reduce -10.2%
SFIX Stitch Fix Inc. Class A 0.02% 25,000 $131K Reduce -95.0%
XBP XBP Global Holdings Inc. 0.02% 18,388 $125K Add +83.9%
XPOF Xponential Fitness Inc. Class A 0.02% 15,000 $123K Reduce -85.0%
TTEC Ttec Holdings Inc. filed as TTEC HLDGS INC 0.02% 33,735 $121K No change
VRA Vera Bradley Inc. 0.02% 50,000 $121K No change
GBIO Generation Bio Co. 0.02% 19,839 $113K Add +90.5%
BDSX Biodesix Inc. 0.02% 16,145 $110K Add +15.3%
SOC Sable Offshore Corp. 0.02% 12,000 $108K Reduce -98.2%
OPAL Opal Fuels Inc. Class A 0.02% 42,649 $100K Add +6.5%
ARBE Arbe Robotics Ltd. 0.01% 76,293 $90K New
YEXT Yext Inc. 0.01% 11,000 $89K Reduce -45.0%
PRPL Purple Innovation Inc. 0.01% 124,122 $86K No change
BOLT Bolt Biotherapeutics Inc. 0.01% 15,272 $84K Reduce -4.3%
SEAT Vivid Seats Inc. Class A 0.01% 11,100 $80K New
HOLO Microcloud Hologram Inc. 0.01% 30,000 $79K New
NXDR Nextdoor Holdings Inc. 0.01% 36,000 $76K New
ASLE Aersale Corp. 0.01% 10,000 $71K Reduce -81.6%
WOOF Petco Health and Wellness Co. 0.01% 25,000 $70K New
CRML Critical Metals Corp. 0.01% 10,000 $69K Reduce -96.3%
FATE Fate Therapeutics Inc. 0.01% 70,000 $69K New
FIRY Firy Inc. filed as SKILLZ INC 0.01% 15,240 $66K New
FLD Fold Holdings Inc. filed as FOLD HLDGS INC 0.01% 23,144 $60K Reduce -2.8%
KORE Kore Group Holdings Inc. 0.01% 14,000 $59K New
PSQ HOLDINGS INC 0.01% 56,719 $58K Reduce -0.0%
MDAI Spectral AI Inc. 0.01% 40,863 $58K No change
AIFC AI Financial Corp. filed as ALT5 SIGMA CORP 0.01% 50,558 $56K Add +2.0%
IOVA Iovance Biotherapeutics Inc. 0.01% 20,000 $55K New
EVGO Evgo Inc. 0.01% 10,531 $31K Reduce -12.9%
BED BATH & BEYOND INC 0.00% 33,849 $22K Add +0.8%
ZNTL Zentalis Pharmaceuticals Inc. 0.00% 10,662 $14K New
ORIGIN MATERIALS INC 0.00% 15,991 $3K No change

Options reported separately and not counted above: PCT calls ($26.3M), IBIT calls ($25.6M), TSLA calls ($20.7M), IWM puts ($20.4M), AAPL puts ($16.3M), META puts ($15.5M), BIDU calls ($12.2M), AVGO puts ($10.4M), JMIA calls ($9.9M), AGNC calls ($8.9M), META calls ($8.6M), SPY calls ($8.2M), and 89 more.

Other holdings (12): bonds, preferreds, convertibles and warrants · $709K (not counted above)
SecurityClassShares / PrincipalValueChange
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 59,076$455KReduce -5.3%
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 305,250$95KNo change
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 83,444$67KNew
NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 40,042$33KReduce -10.3%
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 50,000$31KNo change
FLDDW Fold Holdings Inc. -23 *W EXP 02/14/203 79,917$12KNo change
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 10,062$8KReduce -16.4%
ONFOW Onfolio Holdings Inc. -27 *W EXP 01/02/202 50,000$3KNo change
BNCWW Cea Industries Inc. -CW27 *W EXP 02/11/202 56,400$3KAdd +29.9%
LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 96,146$2KNew
AREBW American Rebel Holdings -23 *W EXP 01/20/202 25,000$495No change
EXELA TECHNOLOGIES INC (XELA 6 PERP B) 6% CONV PFD SR B 171,854$275No change

Total filed on the 13F, all lines: $619.8M.

Portfolio Sells Q3 2025 → Q4 2025
PCT Purecycle Technologies Inc. Reduce -16.1% 2.21% −2.31
NVRI Enviri Corp. Reduce -93.4% 0.19% −2.12
SOC Sable Offshore Corp. Reduce -98.2% 0.02% −2.05
WBD Warner Bros Discovery Inc. Sold out 0.00% −1.90
MSOS Advisorshares Pure US Cann Reduce -93.2% 0.10% −1.53
CTRN Citi Trends Inc. Sold out 0.00% −1.46
NFE New Fortress Energy Inc. Reduce -12.4% 0.92% −1.36
PCG P G & E Corp. Sold out 0.00% −1.29
TSLA Tesla Inc. Reduce -77.3% 0.29% −1.13
META Meta Platforms Inc. Class A Reduce -60.1% 0.41% −0.86
INFQ Infleqtion Inc. Reduce -63.3% 0.52% −0.80
TH Target Hospitality Corp. Reduce -30.8% 1.01% −0.73
LVTX Lava Therapeutics NV Sold out 0.00% −0.72
PACS Pacs Group Inc. Sold out 0.00% −0.72
NBIS Nebius Group NV Reduce -81.2% 0.10% −0.71
BHF Brighthouse Financial Inc. Sold out 0.00% −0.67
ELV Elevance Health Inc. Reduce -63.1% 0.34% −0.61
BJRI Bj's Restaurants Inc. Sold out 0.00% −0.55
AGNC AGNC Investment Corp. Reduce -92.7% 0.04% −0.52
IMSR Terrestrial Energy Inc. Sold out 0.00% −0.48
GLNG Golar LNG Ltd. Reduce -2.5% 1.77% −0.45
CRDO Credo Technology Group Holdi Sold out 0.00% −0.44
AIRO Airo Group Holdings Inc. Sold out 0.00% −0.44
NVDA Nvidia Corp. Reduce -17.6% 1.18% −0.43
REKR Rekor Systems Inc. Sold out 0.00% −0.43
FLY Firefly Aerospace Inc. Reduce -48.9% 0.23% −0.43
RNR Renaissancere Holdings Ltd. Sold out 0.00% −0.41
DUOT Duos Technologies Group Inc. Reduce -81.8% 0.14% −0.41
VLOS Velos Acquisition I Corp. Sold out 0.00% −0.39
MAX Mediaalpha Inc. Class A Reduce -25.2% 1.24% −0.39
SFIX Stitch Fix Inc. Class A Reduce -95.0% 0.02% −0.38
CELH Celsius Holdings Inc. Sold out 0.00% −0.36
JAZZ Jazz Pharmaceuticals PLC Sold out 0.00% −0.36
CXW Corecivic Inc. Reduce -6.6% 1.23% −0.34
ALAB Astera Labs Inc. Sold out 0.00% −0.34
EME Emcor Group Inc. Reduce -76.2% 0.08% −0.32
KWEB Kranesh Csi China Internet Sold out 0.00% −0.30
CIEN Ciena Corp. Sold out 0.00% −0.29
CRML Critical Metals Corp. Reduce -96.3% 0.01% −0.29
CEPO Cantor Equity Partners I-A Reduce -76.5% 0.07% −0.27
TBMC Trailblazer Merger Corp. I Reduce -87.4% 0.04% −0.26
EG Everest Group Ltd. Sold out 0.00% −0.25
CEPF Cantor Equity Partners Class A Reduce -64.8% 0.12% −0.25
BIIB Biogen Inc. Sold out 0.00% −0.23
WULF Terawulf Inc. Reduce -35.8% 0.31% −0.23
FNKO Funko Inc. Class A Reduce -57.0% 0.13% −0.22
MXL Maxlinear Inc. Sold out 0.00% −0.22
JD Jd.com Inc.-ADR Sold out 0.00% −0.22
SLV iShares Silver Trust Sold out 0.00% −0.19
CINF Cincinnati Financial Corp. Reduce -20.0% 0.53% −0.19

Portfolio Buys Q3 2025 → Q4 2025
MSFT Microsoft Corp. Add +318.9% 4.34% +3.09
XXI Twenty One Capital Inc. Class A New 1.60% +1.60
CMCSA Comcast Corp. Class A New 1.47% +1.47
SPY SS SPDR S&P 500 ETF Trust-US Add +263.0% 2.00% +1.40
SNV Synovus Financial Corp. New 1.21% +1.21
FTAI Ftai Aviation Ltd. Add +7.5% 10.02% +1.15
HDRN Hadron Energy Inc. New 0.84% +0.84
BRSL Brightstar Lottery PLC Add +3336.0% 0.86% +0.83
MDLN Medline Inc. Class A New 0.78% +0.78
RKT Rocket Cos Inc. Class A Add +639.5% 0.89% +0.76
PZZA Papa John's Intl Inc. New 0.73% +0.73
MRLN Merlin Inc. New 0.70% +0.70
WLTH Wealthfront Corp. New 0.70% +0.70
SNDK Sandisk Corp. New 0.67% +0.67
BA The Boeing Co. Add +163.1% 1.13% +0.65
PNFP Pinnacle Financial Partners New 0.65% +0.65
SOLS Solstice Adv Materials Inc. Add +4370.9% 0.59% +0.57
IWM iShares Russell 2000 ETF New 0.55% +0.55
HUT Hut 8 Corp. New 0.55% +0.55
GNW Genworth Financial Inc. Add +50.9% 1.93% +0.51
ASTH Astrana Health Inc. New 0.48% +0.48
KRE SS SPDR S&P Regional Bank New 0.48% +0.48
CLH Clean Harbors Inc. New 0.47% +0.47
AMZN Amazon.com Inc. Add +39.9% 1.88% +0.45
JMIA Jumia Technologies AG-ADR New 0.43% +0.43
VRT Vertiv Holdings Co. Class A New 0.43% +0.43
CEPT Cantor Equity Partners Class A New 0.42% +0.42
EOSE Eos Energy Enterprises Inc. Add +164.8% 0.70% +0.40
MHO M/I Homes Inc. New 0.38% +0.38
MRSH Marsh & McLennan Cos New 0.30% +0.30
COHR Coherent Corp. New 0.30% +0.30
COF Capital One Financial Corp. New 0.29% +0.29
GOOGL Alphabet Inc. Class A Add +350.9% 0.36% +0.29
NOW ServiceNow Inc. Add +496.0% 0.37% +0.29
HD Home Depot Inc. Add +727.6% 0.33% +0.28
AS Amer Sports Inc. New 0.28% +0.28
MP MP Materials Corp. New 0.28% +0.28
IMSR Terrestrial Energy Inc. New 0.27% +0.27
LLY Eli Lilly & Co. New 0.27% +0.27
ALK Alaska Air Group Inc. New 0.26% +0.26
AIZ Assurant Inc. Add +24.3% 1.35% +0.25
TE T1 Energy Inc. Add +322.7% 0.27% +0.25
KD Kyndryl Holdings Inc. New 0.25% +0.25
ASPI Asp Isotopes Inc. Add +291.2% 0.50% +0.24
PWR Quanta Services Inc. New 0.24% +0.24
AXP American Express Co. New 0.22% +0.22
OSCR Oscar Health Inc. Class A New 0.22% +0.22
BKD Brookdale Senior Living Inc. Add +164.3% 0.32% +0.21
SRRK Scholar Rock Holding Corp. New 0.21% +0.21
RIOT Riot Platforms Inc. New 0.21% +0.21

Options Activity Q3 2025 → Q4 2025
VOR Vor Biopharma Inc. put Sold out 666,000 $32.4Mbefore exit
PCT Purecycle Technologies Inc. call Reduce -16.1% 3,062,700 $26.3M
IBIT iShares Bitcoin Trust ETF call Add +3333.3% 515,000 $25.6M
TSLA Tesla Inc. call Add +27.8% 46,000 $20.7M
IWM iShares Russell 2000 ETF put Add +84.4% 83,000 $20.4M
AAPL Apple Inc. put New 60,000 $16.3M
META Meta Platforms Inc. Class A put New 23,500 $15.5M
BIDU Baidu Inc. - Spon ADR call Add +125.7% 93,000 $12.2M
JD Jd.com Inc.-ADR call Sold out 345,000 $12.1Mbefore exit
ARKK ARK Innovation ETF put Sold out 137,500 $11.9Mbefore exit
FTAI Ftai Aviation Ltd. call Sold out 65,000 $10.8Mbefore exit
MCD McDonald's Corp. call Sold out 35,400 $10.8Mbefore exit
AVGO Broadcom Inc. put New 30,000 $10.4M
UNH Unitedhealth Group Inc. call Sold out 30,000 $10.4Mbefore exit
XLB SS Materials Select Sector call Sold out 225,000 $10.1Mbefore exit
JMIA Jumia Technologies AG-ADR call New 796,100 $9.9M
AGNC AGNC Investment Corp. call Reduce -21.6% 830,000 $8.9M
META Meta Platforms Inc. Class A call Add +176.6% 13,000 $8.6M
ALAB Astera Labs Inc. call Sold out 43,400 $8.5Mbefore exit
SPY SS SPDR S&P 500 ETF Trust-US call Reduce -60.9% 12,000 $8.2M
ARES Ares Management Corp. Class A put New 49,000 $7.9M
QQQ Invesco QQQ Trust Series 1 put Reduce -57.1% 12,000 $7.4M
NLY Annaly Capital Management Inc. call Sold out 350,000 $7.1Mbefore exit
WBD Warner Bros Discovery Inc. call Sold out 335,000 $6.5Mbefore exit
SNAP Snap Inc. Class A call Add +433.3% 800,000 $6.5M
EOSE Eos Energy Enterprises Inc. call Add +74.9% 481,000 $5.5M
AAP Advance Auto Parts Inc. call Sold out 89,500 $5.5Mbefore exit
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -95.1% 7,400 $5.0M
AMZN Amazon.com Inc. call Add +114.0% 21,400 $4.9M
KRE SS SPDR S&P Regional Bank put New 76,200 $4.9M
TLT iShares 20+ Year Treasury BD put New 55,000 $4.8M
TLT iShares 20+ Year Treasury BD call Add +88.2% 54,400 $4.7M
MRVL Marvell Technology Inc. call Add +25.0% 55,000 $4.7M
BABA Alibaba Group Holding-SP ADR put New 30,000 $4.4M
GOOGL Alphabet Inc. Class A put New 14,000 $4.4M
SNDK Sandisk Corp. call New 16,200 $3.8M
AA Alcoa Corp. call New 67,500 $3.6M
CRWV Coreweave Inc. Class A put New 49,500 $3.5M
MU Micron Technology Inc. put New 12,000 $3.4M
NVDA Nvidia Corp. call Reduce -46.9% 17,800 $3.3M
BHF Brighthouse Financial Inc. call Sold out 62,000 $3.3Mbefore exit
XLF SS Financial Select Sector put New 60,000 $3.3M
NFLX Netflix Inc. call New 30,400 $2.9M
CMCSA Comcast Corp. Class A call New 100,000 $2.8M
ADI Analog Devices Inc. put New 10,000 $2.7M
VOR Vor Biopharma Inc. call Sold out 53,800 $2.6Mbefore exit
PFE Pfizer Inc. call Sold out 100,000 $2.5Mbefore exit
RDDT Reddit Inc. Class A call Sold out 11,000 $2.5Mbefore exit
IMSR Terrestrial Energy Inc. call Sold out 150,000 $2.5Mbefore exit
APG Api Group Corp. call Sold out 71,600 $2.5Mbefore exit

Showing the first 50 of 149.

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

Notes & Other Activity Q3 2025 → Q4 2025
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 Reduce -5.3% 59,076 $455K
GSRTR GSR III Acquisition Corp. RIGHT 99/99/9999 Sold out 49,553 $421Kbefore exit
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 New 83,444 $67K
NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 Reduce -10.3% 40,042 $33K
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 Reduce -16.4% 10,062 $8K
BNCWW Cea Industries Inc. -CW27 *W EXP 02/11/202 Add +29.9% 56,400 $3K
LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 New 96,146 $2K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 388$906.1MFTAI, CXW, PCT, CELH, GLNG
Q1 2026 387$704.1MNVDA, FTAI, PCT, CELH, GLNG
Q4 2025 371$619.1MFTAI, MSFT, PCT, AZ, SPY
Q3 2025 292$551.3MFTAI, PCT, AZ, NVRI, NFE
Q2 2025 246$438.7MFTAI, PCT, GEO, GLNG, CXW
Q1 2025 230$343.2MGEO, FTAI, PCT, GLNG, FSLR
Q4 2024 234$408.1MGEO, GLNG, PCT, NFE, FTAI
Q3 2024 233$338.6MPCT, GLNG, FTAI, SNOW, TLYS
Q2 2024 213$358.9MGLNG, PCT, BABA, SNOW, TLYS
Q1 2024 261$340.0MPCT, GLNG, TLYS, EDR, GNW