Solstein Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Solstein Capital, LLC reported 448 stock positions worth $218.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.5% of the portfolio, followed by Apple (AAPL, 7.7%) and Microsoft (MSFT, 5.4%). Compared with Q2 2025, it opened 26 new positions, sold out of 71, added to 26 and reduced 101. The biggest buy was Cyberark Software Ltd./Israel (CYBR, shares +24%) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- Menlo Park, CA
- CIK
- 0001730769
- Portfolio Value
- $218.6M (Q3 2025)
- SEC Filing
- 0001941040-25-000649 ↗ filed Nov 12, 2025
Holdings Value
Holdings 448 stocks · $218.6M
| SPY SS SPDR S&P 500 ETF Trust-US | 8.49% | 27,878 | $18.6M | Add +0.0% |
| AAPL Apple Inc. | 7.73% | 66,327 | $16.9M | Reduce -0.7% |
| MSFT Microsoft Corp. | 5.44% | 22,964 | $11.9M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 4.84% | 15,798 | $10.6M | No change |
| OUNZ Vaneck Merk Gold ETF | 4.28% | 251,697 | $9.4M | Add +4.7% |
| IDEV iShares Core MSCI Dev MKTS | 3.14% | 85,745 | $6.9M | No change |
| CYBR Cyberark Software Ltd./Israel | 2.83% | 12,806 | $6.2M | Add +24.3% |
| AMZN Amazon.com Inc. | 2.73% | 27,182 | $6.0M | Add +5.9% |
| GOOGL Alphabet Inc. Class A | 2.33% | 20,997 | $5.1M | No change |
| GOOG Alphabet Inc. Class C | 2.17% | 19,502 | $4.7M | Add +10.2% |
| V Visa Inc. Class A | 2.14% | 13,686 | $4.7M | No change |
| EFA iShares MSCI Eafe ETF | 2.11% | 49,357 | $4.6M | Add +0.4% |
| IBIT iShares Bitcoin Trust ETF | 1.76% | 59,181 | $3.8M | Add +43.2% |
| EWJ iShares MSCI Japan ETF | 1.76% | 47,946 | $3.8M | Reduce -13.4% |
| GLD SPDR Gold Shares | 1.67% | 10,243 | $3.6M | Reduce -0.0% |
| SE Sea Ltd.-ADR | 1.53% | 18,700 | $3.3M | Reduce -23.1% |
| FMX Fomento Economico Mex-SP ADR | 1.24% | 27,490 | $2.7M | Reduce -6.0% |
| BABA Alibaba Group Holding-SP ADR | 1.22% | 14,881 | $2.7M | Add +26.3% |
| NVDA Nvidia Corp. | 1.20% | 14,090 | $2.6M | No change |
| HD Home Depot Inc. | 1.17% | 6,334 | $2.6M | No change |
| EEM iShares MSCI Emerging Market | 1.07% | 43,793 | $2.3M | Add +37.6% |
| COST Costco Wholesale Corp. | 1.00% | 2,368 | $2.2M | No change |
| TCOM Trip.com Group Ltd.-ADR | 0.98% | 28,400 | $2.1M | No change |
| CAT Caterpillar Inc. | 0.94% | 4,324 | $2.1M | No change |
| JPM JPMorgan Chase & Co. | 0.94% | 6,513 | $2.1M | No change |
| PDD PDD Holdings Inc. | 0.89% | 14,699 | $1.9M | No change |
| TEVA Teva Pharmaceutical-SP ADR | 0.88% | 95,075 | $1.9M | Add +68.0% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.87% | 46,795 | $1.9M | No change |
| CNQ Canadian Natural Resources | 0.82% | 55,764 | $1.8M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.81% | 3,664 | $1.8M | Reduce -1.7% |
| SHLD Global X Defense Tech ETF | 0.78% | 24,410 | $1.7M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.76% | 18,946 | $1.7M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.72% | 2,628 | $1.6M | No change |
| DBB Invesco DB Base Metals Fund | 0.72% | 76,293 | $1.6M | Add +74.1% |
| BP BP PLC-Spons ADR | 0.69% | 43,672 | $1.5M | No change |
| XLK SS Technology Select Sector | 0.68% | 5,297 | $1.5M | No change |
| WMT Walmart Inc. | 0.67% | 14,284 | $1.5M | No change |
| SHEL Shell PLC-ADR | 0.62% | 19,071 | $1.4M | No change |
| SJB Proshares Short High Yield | 0.59% | 84,579 | $1.3M | Reduce -0.1% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.57% | 14,987 | $1.2M | No change |
| PRU Prudential Financial Inc. | 0.57% | 88,570 | $1.2M | Reduce -0.1% |
| IJR iShares Core S&P Small-Cap E | 0.55% | 10,073 | $1.2M | No change |
| MA Mastercard Inc. Class A | 0.55% | 2,096 | $1.2M | No change |
| LLY Eli Lilly & Co. | 0.53% | 1,516 | $1.2M | No change |
| KWEB Kranesh Csi China Internet | 0.53% | 27,376 | $1.2M | Add +87.3% |
| INDA iShares MSCI India ETF | 0.46% | 19,293 | $1.0M | Reduce -4.5% |
| IEMG iShares Core MSCI Emerging | 0.44% | 14,580 | $961K | No change |
| EWC iShares MSCI Canada ETF | 0.43% | 18,521 | $936K | No change |
| UBS UBS Group AG-Reg | 0.42% | 22,647 | $926K | Add +27.0% |
| DOCS Doximity Inc. Class A | 0.40% | 12,090 | $884K | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.40% | 119,020 | $874K | No change |
| FXI iShares China Large-Cap ETF | 0.38% | 20,036 | $824K | Add +155.8% |
| ITA iShares U.S. Aerospace & Def | 0.37% | 3,879 | $812K | No change |
| UDN Invesco DB US Dollar Index B | 0.37% | 43,000 | $809K | Add +31.0% |
| GDX Vaneck Gold Miners ETF | 0.37% | 10,493 | $802K | New |
| POWA Invesco Bloomberg Pricing Po | 0.35% | 8,540 | $773K | Reduce -1.7% |
| XLE SS Energy Select Sector | 0.35% | 8,601 | $768K | No change |
| ETHE Grayscale Ethereum Staking E | 0.31% | 20,064 | $688K | New |
| AVGO Broadcom Inc. | 0.31% | 2,076 | $685K | No change |
| EWG iShares MSCI Germany ETF | 0.31% | 16,171 | $673K | Add +10753.0% |
| XLI SS Industrial Select Sector | 0.28% | 4,030 | $622K | No change |
| HON Honeywell International Inc. | 0.27% | 2,838 | $597K | Reduce -1.5% |
| TMUS T-Mobile US Inc. | 0.27% | 2,460 | $589K | Reduce -1.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.27% | 599 | $580K | No change |
| NFLX Netflix Inc. | 0.26% | 483 | $579K | No change |
| XOM Exxon Mobil Corp. | 0.26% | 5,107 | $576K | Reduce -6.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.26% | 5,137 | $573K | No change |
| REMX Vaneck Rar Earth ND STG-Usdi | 0.26% | 8,624 | $568K | Add +144.7% |
| ADI Analog Devices Inc. | 0.26% | 2,307 | $567K | No change |
| META Meta Platforms Inc. Class A | 0.26% | 764 | $561K | Reduce -5.0% |
| ICE Intercontinental Exchange Inc. | 0.25% | 3,263 | $550K | No change |
| DBA Invesco DB Agriculture Fund | 0.25% | 20,523 | $549K | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.23% | 7,163 | $511K | Add +211.0% |
| CIBR First Trust Nasdaq Cybersecu | 0.23% | 6,564 | $499K | New |
| SCJ iShares MSCI Japan Small-Cap | 0.23% | 5,418 | $499K | New |
| BUG Global X Cybersecurity ETF | 0.23% | 14,043 | $494K | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.22% | 30,400 | $487K | No change |
| UNP Union Pacific Corp. | 0.22% | 2,007 | $474K | Reduce -6.4% |
| ORCL Oracle Corp. | 0.22% | 1,679 | $472K | No change |
| PG The Procter & Gamble Co. | 0.20% | 2,890 | $444K | Reduce -11.8% |
| EWA iShares MSCI Australia ETF | 0.20% | 16,409 | $443K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 875 | $429K | No change |
| LNG Cheniere Energy Inc. | 0.19% | 1,812 | $426K | No change |
| VOO Vanguard S&P 500 ETF | 0.19% | 667 | $408K | Add +10.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.19% | 849 | $407K | No change |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.18% | 21,100 | $401K | No change |
| PAX Patria Investments Ltd. Class A | 0.18% | 26,300 | $384K | No change |
| PEP Pepsico Inc. | 0.17% | 2,688 | $378K | Reduce -4.2% |
| FXY Invesco Currencyshares Japan | 0.17% | 5,982 | $372K | Reduce -20.1% |
| ET Energy Transfer LP | 0.16% | 20,912 | $359K | New |
| CVX Chevron Corp. | 0.16% | 2,286 | $355K | Add +0.7% |
| MSTR Strategy Inc. | 0.16% | 1,098 | $354K | New |
| CTA Simplify Managed Futures St | 0.16% | 12,516 | $350K | No change |
| UBER Uber Technologies Inc. | 0.16% | 3,469 | $340K | No change |
| ABBV Abbvie Inc. | 0.15% | 1,460 | $338K | No change |
| QUAL iShares MSCI USA Quality Fac | 0.15% | 1,702 | $331K | No change |
| LUNR Intuitive Machines Inc. | 0.14% | 30,094 | $317K | No change |
| NLY Annaly Capital Management Inc. | 0.14% | 15,360 | $310K | New |
| TSLA Tesla Inc. | 0.14% | 695 | $309K | Reduce -4.1% |
| CME Cme Group Inc. | 0.14% | 1,108 | $299K | No change |
Options reported separately and not counted above: QQQ puts ($180.1M), MSTR calls ($41.9M).
Portfolio Sells Q2 2025 → Q3 2025
| TSM Taiwan Semiconductor-SP ADR | Reduce -92.2% | 0.08% | −0.90 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -94.8% | 0.02% | −0.52 |
| SE Sea Ltd.-ADR | Reduce -23.1% | 1.53% | −0.47 |
| EWJ iShares MSCI Japan ETF | Reduce -13.4% | 1.76% | −0.37 |
| FMX Fomento Economico Mex-SP ADR | Reduce -6.0% | 1.24% | −0.31 |
| CMCSA Comcast Corp. Class A | Reduce -69.3% | 0.08% | −0.25 |
| CRM Salesforce Inc. | Reduce -53.0% | 0.13% | −0.23 |
| PALL Abrdn Physical Palladium SHS | Reduce -84.0% | 0.03% | −0.17 |
| SLV iShares Silver Trust | Reduce -72.0% | 0.07% | −0.15 |
| INDA iShares MSCI India ETF | Reduce -4.5% | 0.46% | −0.12 |
| EWZ iShares MSCI Brazil ETF | Reduce -78.4% | 0.03% | −0.11 |
| EQIX Equinix Inc. | Reduce -49.5% | 0.07% | −0.08 |
| SJB Proshares Short High Yield | Reduce -0.1% | 0.59% | −0.08 |
| BKLN Invesco Senior Loan ETF | Reduce -99.0% | 0.00% | −0.08 |
| FXY Invesco Currencyshares Japan | Reduce -20.1% | 0.17% | −0.08 |
| HON Honeywell International Inc. | Reduce -1.5% | 0.27% | −0.07 |
| HR Healthcare Realty Trust Inc. | Sold out | 0.00% | −0.07 |
| MCD McDonald's Corp. | Reduce -50.5% | 0.06% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -11.8% | 0.20% | −0.06 |
| ADBE Adobe Inc. | Reduce -84.0% | 0.01% | −0.06 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -77.3% | 0.02% | −0.06 |
| FICO Fair Isaac Corp. | Reduce -73.5% | 0.01% | −0.05 |
| EWW iShares MSCI Mexico ETF | Reduce -85.0% | 0.01% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -5.0% | 0.26% | −0.05 |
| IFF Intl Flavors & Fragrances | Reduce -99.6% | 0.00% | −0.05 |
| SBUX Starbucks Corp. | Reduce -59.8% | 0.02% | −0.04 |
| KO The Coca-Cola Co. | Reduce -10.8% | 0.12% | −0.04 |
| HPK Highpeak Energy Inc. | Sold out | 0.00% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -6.2% | 0.26% | −0.04 |
| UNP Union Pacific Corp. | Reduce -6.4% | 0.22% | −0.04 |
| MLCO Melco Resorts & Entert-ADR | Sold out | 0.00% | −0.03 |
| AMT American Tower Corp. | Reduce -6.0% | 0.09% | −0.03 |
| TMUS T-Mobile US Inc. | Reduce -1.0% | 0.27% | −0.03 |
| POWA Invesco Bloomberg Pricing Po | Reduce -1.7% | 0.35% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Reduce -28.4% | 0.05% | −0.03 |
| ACN Accenture PLC Class A | Reduce -94.9% | 0.00% | −0.03 |
| SLB SLB Ltd. | Reduce -57.6% | 0.02% | −0.03 |
| PFE Pfizer Inc. | Reduce -33.9% | 0.04% | −0.02 |
| EWL iShares MSCI Switzerland ETF | Reduce -95.8% | 0.00% | −0.02 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -48.8% | 0.02% | −0.02 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.02 |
| PCAR Paccar Inc. | Reduce -28.3% | 0.04% | −0.02 |
| PGR Progressive Corp. | Reduce -53.9% | 0.01% | −0.02 |
| NOW ServiceNow Inc. | Reduce -16.1% | 0.04% | −0.02 |
| TGT Target Corp. | Reduce -59.5% | 0.01% | −0.02 |
| JOBY Joby Aviation Inc. | Reduce -80.0% | 0.01% | −0.02 |
| ABT Abbott Laboratories | Reduce -48.1% | 0.01% | −0.02 |
| PEP Pepsico Inc. | Reduce -4.2% | 0.17% | −0.02 |
| TELA Tela Bio Inc. | Sold out | 0.00% | −0.02 |
| MDT Medtronic PLC | Reduce -48.9% | 0.02% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| CYBR Cyberark Software Ltd./Israel | Add +24.3% | 2.83% | +0.68 |
| GOOG Alphabet Inc. Class C | Add +10.2% | 2.17% | +0.56 |
| BABA Alibaba Group Holding-SP ADR | Add +26.3% | 1.22% | +0.53 |
| IBIT iShares Bitcoin Trust ETF | Add +43.2% | 1.76% | +0.46 |
| TEVA Teva Pharmaceutical-SP ADR | Add +68.0% | 0.88% | +0.39 |
| GDX Vaneck Gold Miners ETF | New | 0.37% | +0.37 |
| OUNZ Vaneck Merk Gold ETF | Add +4.7% | 4.28% | +0.35 |
| ETHE Grayscale Ethereum Staking E | New | 0.31% | +0.31 |
| EWG iShares MSCI Germany ETF | Add +10753.0% | 0.31% | +0.30 |
| EEM iShares MSCI Emerging Market | Add +37.6% | 1.07% | +0.28 |
| DBB Invesco DB Base Metals Fund | Add +74.1% | 0.72% | +0.28 |
| KWEB Kranesh Csi China Internet | Add +87.3% | 0.53% | +0.27 |
| FXI iShares China Large-Cap ETF | Add +155.8% | 0.38% | +0.23 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.23% | +0.23 |
| SCJ iShares MSCI Japan Small-Cap | New | 0.23% | +0.23 |
| BUG Global X Cybersecurity ETF | New | 0.23% | +0.23 |
| REMX Vaneck Rar Earth ND STG-Usdi | Add +144.7% | 0.26% | +0.19 |
| ET Energy Transfer LP | New | 0.16% | +0.16 |
| MSTR Strategy Inc. | New | 0.16% | +0.16 |
| VEU Vanguard Ftse All-World Ex-U | Add +211.0% | 0.23% | +0.15 |
| NLY Annaly Capital Management Inc. | New | 0.14% | +0.14 |
| UBS UBS Group AG-Reg | Add +27.0% | 0.42% | +0.11 |
| AGNC AGNC Investment Corp. | New | 0.08% | +0.08 |
| PICK iShares MSCI Global Metals & | New | 0.08% | +0.08 |
| XME SS SPDR S&P Metals Mining | New | 0.08% | +0.08 |
| INTC Intel Corp. | New | 0.07% | +0.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.06% | +0.06 |
| UDN Invesco DB US Dollar Index B | Add +31.0% | 0.37% | +0.05 |
| BMNR Bitmine Immersion Technologi | New | 0.05% | +0.05 |
| BETR Better Home & Finance Holdin | Add +42.6% | 0.06% | +0.05 |
| ETH Grayscale Ethereum Staking M | Add +351.4% | 0.03% | +0.02 |
| EPOL iShares MSCI Poland ETF | New | 0.01% | +0.01 |
| ELVA Electrovaya Inc. | New | 0.01% | +0.01 |
| MPTI M-Tron Industries Inc. | New | 0.01% | +0.01 |
| MPLX MPLX LP | New | 0.01% | +0.01 |
| IRT Independence Realty Trust Inc. | New | 0.01% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +10.6% | 0.19% | +0.01 |
| XLB SS Materials Select Sector | Add +60.8% | 0.03% | +0.01 |
| ANF Abercrombie & Fitch Co. Class A | New | 0.01% | +0.01 |
| RKT Rocket Cos Inc. Class A | New | 0.00% | +0.00 |
| UUP Invesco DB US Dollar Index B | New | 0.00% | +0.00 |
| AR Antero Resources Corp. | New | 0.00% | +0.00 |
| SNPS Synopsys Inc. | New | 0.00% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +40.7% | 0.01% | +0.00 |
| BNDX Vanguard Total Intl Bond ETF | Add +44.6% | 0.00% | +0.00 |
| VGSH Vanguard Short-Term Treasury | New | 0.00% | +0.00 |
| WOLF Wolfspeed Inc. | New | 0.00% | 0.00 |
| CVX Chevron Corp. | Add +0.7% | 0.16% | −0.00 |
| EFA iShares MSCI Eafe ETF | Add +0.4% | 2.11% | −0.15 |
| AMZN Amazon.com Inc. | Add +5.9% | 2.73% | −0.16 |
Options Activity Q2 2025 → Q3 2025
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 | 434 | $292.1M | SPY, ITOT, AAPL, IDEV, IVV |
| Q1 2026 | 441 | $243.6M | SPY, AAPL, OUNZ, IVV, MSFT |
| Q4 2025 | 477 | $249.3M | SPY, AAPL, MSFT, IVV, OUNZ |
| Q3 2025 | 448 | $218.6M | SPY, AAPL, MSFT, IVV, OUNZ |
| Q2 2025 | 493 | $194.8M | SPY, AAPL, MSFT, IVV, OUNZ |
| Q1 2025 | 325 | $171.9M | SPY, AAPL, IDEV, IVV, MSFT |
| Q4 2024 | 312 | $178.6M | AAPL, SPY, IVV, MSFT, IDEV |
| Q3 2024 | 313 | $188.7M | SPY, AAPL, IDEV, MSFT, IVV |
| Q2 2024 | 314 | $153.2M | AAPL, SPY, MSFT, EWJ, AMZN |
| Q1 2024 | 310 | $144.2M | SPY, AAPL, MSFT, EWJ, AMZN |