SIH Partners, LLLP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), SIH Partners, LLLP reported 127 stock positions worth $1.1 billion. Its top holding was Stellantis (STLA) at 20.8% of the portfolio, followed by Alibaba Group Holding-SP ADR (BABA, 12.2%) and Jd.com Inc.-ADR (JD, 6.0%). Compared with Q1 2025, it opened 48 new positions, sold out of 159, added to 34 and reduced 31. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +1782%) and the biggest sale iShares MSCI Emerging Market (EEM, shares −100%).

Most Recent 13F
Q2 2026
Location
Wilmington, DE
CIK
0001996244
Portfolio Value
$1.1B (Q2 2025)
SEC Filing
0001996244-25-000008 ↗ filed Aug 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $135.8M Q1 2024 Q2 2024: $103.5M Q2 2024 Q3 2024: $166.7M Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.1B $1.1B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $3.2B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 127 stocks · $1.1B

STLA Stellantis NV 20.84% 21,884,462 $219.5M Reduce -20.5%
BABA Alibaba Group Holding-SP ADR 12.23% 1,136,043 $128.8M Add +1781.7%
JD Jd.com Inc.-ADR 6.04% 1,948,667 $63.6M Add +1743.0%
NTES Netease Inc.-ADR 5.17% 404,821 $54.5M Add +45.4%
AMRZ Amrize Ltd. 4.72% 1,003,159 $49.7M New
FXI iShares China Large-Cap ETF 4.50% 1,290,032 $47.4M Add +70.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 4.36% 419,386 $46.0M New
LI Li Auto Inc. - ADR 3.27% 1,269,080 $34.4M Add +293.9%
BILI Bilibili Inc.-Sponsored ADR 1.78% 875,633 $18.8M Add +78.0%
ALC Alcon Inc. filed as ALCON AG 1.70% 202,683 $17.9M Add +1072.3%
RACE Ferrari NV 1.37% 29,431 $14.4M Reduce -54.4%
RL Ralph Lauren Corp. 1.35% 52,007 $14.3M Add +439.8%
FERG Ferguson Enterprises Inc. 1.32% 63,897 $13.9M Add +2.0%
DB Deutsche Bank AG-Registered 1.25% 448,956 $13.1M Reduce -39.5%
LIF LIFE360 Inc. 1.24% 199,377 $13.0M New
TCOM Trip.com Group Ltd.-ADR 1.23% 220,844 $13.0M Add +102.8%
AMCR Amcor PLC 1.12% 1,289,084 $11.8M Add +152.1%
UBS UBS Group AG-Reg 1.12% 348,176 $11.8M Reduce -91.4%
ASHR Xtrackers Harvest Csi 300 CH 1.11% 423,239 $11.7M Add +281.3%
TSM Taiwan Semiconductor-SP ADR 1.04% 48,386 $11.0M Reduce -2.5%
BIDU Baidu Inc. - Spon ADR 1.02% 125,129 $10.7M Add +293.6%
XPEV Xpeng Inc. - ADR 0.99% 586,166 $10.5M Add +118.3%
VMC Vulcan Materials Co. 0.98% 39,400 $10.3M New
IEV iShares Europe ETF 0.96% 159,783 $10.1M New
MLM Martin Marietta Materials 0.95% 18,282 $10.0M New
TPR Tapestry Inc. 0.87% 104,542 $9.2M New
BHP BHP Group Ltd.-Spon ADR 0.82% 178,965 $8.6M Reduce -48.8%
CRH CRH PLC 0.79% 90,498 $8.3M Reduce -61.8%
KWEB Kranesh Csi China Internet 0.66% 204,012 $7.0M Reduce -78.6%
XLI SS Industrial Select Sector 0.61% 43,322 $6.4M Add +192.6%
VFC VF Corp. 0.60% 540,868 $6.4M Add +1299.5%
ARGX Argenx SE - ADR 0.60% 11,481 $6.3M Add +472.3%
FCX Freeport-McMoran Inc. 0.60% 145,830 $6.3M Add +119.1%
ZTO Zto Express Cayman Inc.-ADR 0.60% 354,600 $6.3M Add +274.3%
INDA iShares MSCI India ETF 0.56% 105,000 $5.8M Reduce -36.2%
LNWO Light & Wonder Inc. 0.50% 54,248 $5.2M Add +99.4%
PVH PVH Corp. 0.49% 75,671 $5.2M Add +440.0%
MP MP Materials Corp. 0.49% 154,551 $5.1M New
LOGI Logitech International-Reg 0.46% 53,501 $4.8M Add +406.7%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.40% 69,098 $4.2M No change
QGEN Qiagen N.V. 0.39% 85,159 $4.1M Reduce -9.4%
NVMI Nova Ltd. 0.38% 14,435 $4.0M Add +25.1%
NKE Nike Inc. Class B 0.36% 53,812 $3.8M Add +169.1%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.35% 121,088 $3.7M New
CRCL Circle Internet Group Inc. 0.34% 19,996 $3.6M New
FRO Frontline PLC 0.31% 198,130 $3.3M Add +11.7%
NVS Novartis AG-Sponsored ADR 0.31% 26,579 $3.2M Reduce -6.1%
FER Ferrovial NV 0.30% 59,482 $3.2M Add +113.5%
EWZ iShares MSCI Brazil ETF 0.29% 106,949 $3.1M New
UAA Under Armour Inc. Class A 0.29% 442,420 $3.0M Add +342.4%
BIO Bio-Rad Laboratories-A 0.23% 10,000 $2.4M New
TIDAL TRUST II 0.23% 108,032 $2.4M New
PM Philip Morris International 0.22% 12,829 $2.3M New
UAL United Airlines Holdings Inc. 0.22% 29,017 $2.3M New
BITO Proshares Bitcoin ETF-Usd 0.19% 91,582 $2.0M New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.17% 22,160 $1.8M Add +116.5%
BP BP PLC-Spons ADR 0.17% 59,746 $1.8M Add +154.2%
CPRI Capri Holdings Ltd. 0.17% 100,687 $1.8M New
SE Sea Ltd.-ADR 0.14% 9,511 $1.5M Reduce -68.3%
SAN Banco Santander SA-Spon ADR 0.14% 181,100 $1.5M No change
WDS Woodside Energy Group-ADR 0.14% 93,167 $1.4M No change
SPOT Spotify Technology SA 0.13% 1,830 $1.4M New
LIN Linde PLC 0.13% 2,976 $1.4M New
TMUS T-Mobile US Inc. 0.13% 5,858 $1.4M New
JETS US Global Jets ETF 0.13% 58,722 $1.3M New
CCEP Coca-Cola Europacific Partne 0.13% 14,452 $1.3M Reduce -83.0%
BITI Proshares Short Bitc ETF-Usd 0.12% 66,519 $1.3M New
XLE SS Energy Select Sector 0.12% 14,500 $1.2M No change
RMD Resmed Inc. 0.11% 4,687 $1.2M Add +204.0%
AER Aercap Holdings NV 0.11% 10,296 $1.2M Add +32.4%
XLC SS Comm Select Sector SPDR 0.11% 10,668 $1.2M Reduce -13.7%
AZEK The Azek Co. Inc. 0.10% 20,357 $1.1M New
AU Anglogold Ashanti PLC 0.10% 23,974 $1.1M Reduce -74.2%
EMBJ Embraer SA-Spon ADR 0.10% 17,766 $1.0M New
AAL American Airlines Group Inc. 0.10% 89,856 $1.0M New
XLV SS Health Care Select Sector 0.09% 7,391 $996K Add +171.9%
STM Stmicroelectronics NV-NY SHS 0.09% 32,254 $981K No change
LUV Southwest Airlines Co. 0.09% 29,570 $959K New
VEEV Veeva Systems Inc. Class A 0.09% 3,180 $916K No change
GRAB Grab Holdings Ltd. Class A 0.08% 172,278 $867K Reduce -1.6%
PDD PDD Holdings Inc. 0.08% 8,204 $859K Reduce -77.7%
AZN Astrazeneca PLC-Spons ADR 0.08% 12,261 $857K Reduce -74.8%
SONY Sony Group Corp. - SP ADR 0.08% 31,536 $821K New
PYPL PayPal Holdings Inc. 0.07% 10,601 $788K New
HODL Vaneck Bitcoin ETF 0.07% 25,333 $772K New
CRWV Coreweave Inc. Class A 0.07% 4,570 $745K New
GLBE Global-E Online Ltd. 0.07% 22,127 $742K Reduce -70.4%
NOK Nokia Corp.-Spon ADR 0.07% 139,072 $720K No change
MDT Medtronic PLC 0.07% 8,108 $707K Reduce -32.2%
MSFT Microsoft Corp. 0.06% 1,347 $670K New
XLY SS Consumer Disc Select Sect 0.06% 2,947 $640K Add +19.1%
LYFT LYFT Inc. Class A 0.06% 39,401 $621K New
ALK Alaska Air Group Inc. 0.05% 11,254 $557K New
ING ING Groep N.V.-Sponsored ADR 0.05% 24,800 $542K No change
TTE Totalenergies SE -Spon ADR 0.05% 8,599 $528K No change
INDV Indivior Ltd. 0.05% 34,980 $516K Reduce -57.2%
EEM iShares MSCI Emerging Market 0.04% 9,738 $470K Reduce -99.7%
BRK.B Berkshire Hathaway Inc. Class B 0.04% 961 $467K New
SNREY Sunrise Communicat Class A 0.04% 8,037 $454K Reduce -33.1%
VRNA Verona Pharma Ltd. 0.04% 4,755 $450K No change

Show all 127 holdings

Options reported separately and not counted above: UBS puts ($344.4M), STLA puts ($253.0M), DB puts ($239.4M), UBS calls ($158.7M), ALC puts ($145.6M), LOGI puts ($111.2M), DB calls ($100.8M), STLA calls ($70.8M), RACE puts ($57.1M), LOGI calls ($32.4M), ALC calls ($22.1M), RACE calls ($18.2M), and 15 more.

Portfolio Sells Q1 2025 → Q2 2025

EEM iShares MSCI Emerging Market Reduce -99.7% 0.04% −10.80
UBS UBS Group AG-Reg Reduce -91.4% 1.12% −9.76
STLA Stellantis NV Reduce -20.5% 20.84% −6.26
EMB iShares JP Morgan Usd Emergi Sold out 0.00% −2.47
KWEB Kranesh Csi China Internet Reduce -78.6% 0.66% −2.26
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −1.36
AMGN Amgen Inc. Sold out 0.00% −1.17
LLY Eli Lilly & Co. Sold out 0.00% −1.11
GILD Gilead Sciences Inc. Sold out 0.00% −1.10
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −1.08
RACE Ferrari NV Reduce -54.4% 1.37% −1.05
CRH CRH PLC Reduce -61.8% 0.79% −1.04
XYZ Block Inc. Sold out 0.00% −0.84
JNJ Johnson & Johnson Sold out 0.00% −0.69
BHP BHP Group Ltd.-Spon ADR Reduce -48.8% 0.82% −0.67
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.65
GME Gamestop Corp. Class A Sold out 0.00% −0.61
CCEP Coca-Cola Europacific Partne Reduce -83.0% 0.13% −0.52
NVDA Nvidia Corp. Reduce -96.3% 0.03% −0.45
UNH Unitedhealth Group Inc. Sold out 0.00% −0.44
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.43
MSTR Strategy Inc. Sold out 0.00% −0.34
EWW iShares MSCI Mexico ETF Reduce -92.2% 0.04% −0.33
DB Deutsche Bank AG-Registered Reduce -39.5% 1.25% −0.30
ABBV Abbvie Inc. Sold out 0.00% −0.30
PDD PDD Holdings Inc. Reduce -77.7% 0.08% −0.30
TSLA Tesla Inc. Reduce -93.5% 0.03% −0.29
BZ Kanzhun Ltd. - ADR Sold out 0.00% −0.28
PFE Pfizer Inc. Sold out 0.00% −0.24
AZN Astrazeneca PLC-Spons ADR Reduce -74.8% 0.08% −0.23
MU Micron Technology Inc. Sold out 0.00% −0.23
JHX James Hardie Ord Sold out 0.00% −0.23
TME Tencent Music Entertainm-ADR Sold out 0.00% −0.23
DKNG Draftkings Inc. Class A Sold out 0.00% −0.22
QFIN Qfin Holdings Inc.-ADR Sold out 0.00% −0.21
SYK Stryker Corp. Sold out 0.00% −0.20
ONC Beone Medicines Ltd.-ADR Sold out 0.00% −0.20
SE Sea Ltd.-ADR Reduce -68.3% 0.14% −0.20
AU Anglogold Ashanti PLC Reduce -74.2% 0.10% −0.20
YMM Full Truck Alliance -SPN ADR Sold out 0.00% −0.20
ALNY Alnylam Pharmaceuticals Inc. Sold out 0.00% −0.19
MRK Merck & Co. Inc. Sold out 0.00% −0.19
INDA iShares MSCI India ETF Reduce -36.2% 0.56% −0.19
TAL Tal Education Group- ADR Sold out 0.00% −0.19
ABT Abbott Laboratories Sold out 0.00% −0.19
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.17
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.17
VIPS Vipshop Holdings Ltd. - ADR Sold out 0.00% −0.17
GLBE Global-E Online Ltd. Reduce -70.4% 0.07% −0.16
BEKE Ke Holdings Inc.-ADR Sold out 0.00% −0.16

Portfolio Buys Q1 2025 → Q2 2025

BABA Alibaba Group Holding-SP ADR Add +1781.7% 12.23% +11.53
JD Jd.com Inc.-ADR Add +1743.0% 6.04% +5.66
AMRZ Amrize Ltd. New 4.72% +4.72
LQD Ishr Ibx Usd Invgd CB ETF-Ui New 4.36% +4.36
NTES Netease Inc.-ADR Add +45.4% 5.17% +2.66
LI Li Auto Inc. - ADR Add +293.9% 3.27% +2.55
FXI iShares China Large-Cap ETF Add +70.5% 4.50% +2.12
ALC Alcon Inc. Add +1072.3% 1.70% +1.55
LIF LIFE360 Inc. New 1.24% +1.24
RL Ralph Lauren Corp. Add +439.8% 1.35% +1.17
VMC Vulcan Materials Co. New 0.98% +0.98
IEV iShares Europe ETF New 0.96% +0.96
BILI Bilibili Inc.-Sponsored ADR Add +78.0% 1.78% +0.96
MLM Martin Marietta Materials New 0.95% +0.95
TPR Tapestry Inc. New 0.87% +0.87
ASHR Xtrackers Harvest Csi 300 CH Add +281.3% 1.11% +0.85
BIDU Baidu Inc. - Spon ADR Add +293.6% 1.02% +0.76
AMCR Amcor PLC Add +152.1% 1.12% +0.69
TCOM Trip.com Group Ltd.-ADR Add +102.8% 1.23% +0.62
VFC VF Corp. Add +1299.5% 0.60% +0.55
XPEV Xpeng Inc. - ADR Add +118.3% 0.99% +0.51
ARGX Argenx SE - ADR Add +472.3% 0.60% +0.50
MP MP Materials Corp. New 0.49% +0.49
FERG Ferguson Enterprises Inc. Add +2.0% 1.32% +0.44
XLI SS Industrial Select Sector Add +192.6% 0.61% +0.44
ZTO Zto Express Cayman Inc.-ADR Add +274.3% 0.60% +0.43
PVH PVH Corp. Add +440.0% 0.49% +0.41
LOGI Logitech International-Reg Add +406.7% 0.46% +0.38
FCX Freeport-McMoran Inc. Add +119.1% 0.60% +0.38
GDS GDS Holdings Ltd. - ADR New 0.35% +0.35
CRCL Circle Internet Group Inc. New 0.34% +0.34
EWZ iShares MSCI Brazil ETF New 0.29% +0.29
LNWO Light & Wonder Inc. Add +99.4% 0.50% +0.29
NKE Nike Inc. Class B Add +169.1% 0.36% +0.25
UAA Under Armour Inc. Class A Add +342.4% 0.29% +0.23
BIO Bio-Rad Laboratories-A New 0.23% +0.23
TIDAL TRUST II New 0.23% +0.23
PM Philip Morris International New 0.22% +0.22
UAL United Airlines Holdings Inc. New 0.22% +0.22
FER Ferrovial NV Add +113.5% 0.30% +0.19
NVMI Nova Ltd. Add +25.1% 0.38% +0.19
BITO Proshares Bitcoin ETF-Usd New 0.19% +0.19
CPRI Capri Holdings Ltd. New 0.17% +0.17
SPOT Spotify Technology SA New 0.13% +0.13
LIN Linde PLC New 0.13% +0.13
TMUS T-Mobile US Inc. New 0.13% +0.13
JETS US Global Jets ETF New 0.13% +0.13
BITI Proshares Short Bitc ETF-Usd New 0.12% +0.12
AZEK The Azek Co. Inc. New 0.10% +0.10
XLU St Sr Utl SL SE SPDR ETF-Usd Add +116.5% 0.17% +0.10

Options Activity Q1 2025 → Q2 2025

UBS UBS Group AG-Reg put Reduce -27.6% 10,184,800 $344.4M
STLA Stellantis NV put Add +19.3% 25,223,000 $253.0M
DB Deutsche Bank AG-Registered put Reduce -34.7% 8,175,100 $239.4M
UBS UBS Group AG-Reg call Add +50.1% 4,693,800 $158.7M
ALC Alcon Inc. put Add +76.4% 1,649,500 $145.6M
LOGI Logitech International-Reg put Add +14.3% 1,234,100 $111.2M
DB Deutsche Bank AG-Registered call Reduce -16.6% 3,441,000 $100.8M
STLA Stellantis NV call Reduce -32.0% 7,058,600 $70.8M
RACE Ferrari NV put Reduce -50.5% 116,300 $57.1M
MT Arcelormittal-NY Registered call Sold out 1,180,400 $34.1Mbefore exit
LOGI Logitech International-Reg call Reduce -40.9% 359,600 $32.4M
MT Arcelormittal-NY Registered put Sold out 1,047,800 $30.2Mbefore exit
ALC Alcon Inc. call Reduce -33.0% 249,800 $22.1M
RACE Ferrari NV call Reduce -44.5% 37,100 $18.2M
FLUT Flutter Entertainment PLC-Di put Add +293.3% 59,000 $16.9M
FLUT Flutter Entertainment PLC-Di call Add +190.0% 58,000 $16.6M
ING ING Groep N.V.-Sponsored ADR put Sold out 758,800 $14.9Mbefore exit
CRH CRH PLC call Add +26.8% 123,000 $11.3M
FER Ferrovial NV call Reduce -27.0% 195,500 $10.5M
CRH CRH PLC put Add +357.1% 96,000 $8.8M
ING ING Groep N.V.-Sponsored ADR call Sold out 404,600 $7.9Mbefore exit
FRO Frontline PLC put New 341,200 $5.6M
QGEN Qiagen N.V. call Reduce -74.9% 85,500 $4.1M
GSG iShares S&P Gsci Commodity I call Sold out 125,000 $2.8Mbefore exit
FERG Ferguson Enterprises Inc. put New 11,000 $2.4M
FRO Frontline PLC call New 144,400 $2.4M
AAPL Apple Inc. call Sold out 10,000 $2.2Mbefore exit
BTG B2GOLD Corp. put Sold out 306,000 $872Kbefore exit
QGEN Qiagen N.V. put Reduce -0.7% 14,600 $702K
UMC United Microelectron-SP ADR put Sold out 85,200 $609Kbefore exit
NVDA Nvidia Corp. call New 3,300 $521K
FERG Ferguson Enterprises Inc. call New 2,000 $436K
EXR Extra Space Storage Inc. put Sold out 2,700 $401Kbefore exit
NVDA Nvidia Corp. put New 2,000 $316K
UMC United Microelectron-SP ADR call Sold out 38,500 $275Kbefore exit
FER Ferrovial NV put New 4,100 $220K
BTG B2GOLD Corp. call Sold out 71,000 $202Kbefore exit
BPPTU BP Prudhoe Bay Royalty Trust put Sold out 154,000 $85Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 285$2.4BBABA, SNDK, RACE, DRAM, GOOG
Q1 2026 256$3.2BBABA, RACE, EEM, EWY, STLA
Q4 2025 175$1.7BBABA, JD, UBS, RACE, STLA
Q3 2025 197$1.1BSTLA, BHP, JD, ALC, NTES
Q2 2025 127$1.1BSTLA, BABA, JD, NTES, AMRZ
Q1 2025 238$1.1BSTLA, UBS, EEM, KWEB, NTES
Q4 2024 95$1.4BSTLA, SPY, UBS, EMB, HYG
Q3 2024 29$166.7MBHP, BILI, XYZ, LI, AMCR
Q2 2024 20$103.5MBHP, XYZ, BILI, LI, BIDU
Q1 2024 16$135.8MBHP, LI, TCOM, XYZ, BABA