Tejara Capital Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Tejara Capital Ltd reported 74 stock positions worth $202.9 million. Its top holding was Arcutis Biotherapeutics (ARQT) at 6.5% of the portfolio, followed by Heron Therapeutics (HRTX, 5.0%) and Roivant Sciences (ROIV, 4.4%). Compared with Q4 2024, it opened 30 new positions, sold out of 10, added to 27 and reduced 15. The biggest buy was a new position in Core Natural Resources (CNR) and the biggest sale Nabors Industries (NBR, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001879713
- Portfolio Value
- $202.9M (Q1 2025)
- SEC Filing
- 0001214659-25-007443 ↗ filed May 13, 2025
Holdings Value
Holdings 74 stocks · $202.9M
| ARQT Arcutis Biotherapeutics Inc. | 6.52% | 846,221 | $13.2M | Reduce -4.6% |
| HRTX Heron Therapeutics Inc. | 4.96% | 4,577,407 | $10.1M | Reduce -1.8% |
| ROIV Roivant Sciences Ltd. | 4.40% | 885,662 | $8.9M | Add +8.9% |
| NOV Nov Inc. | 4.33% | 576,589 | $8.8M | Add +0.8% |
| NE Noble Corp. PLC | 4.02% | 343,953 | $8.2M | Add +59.1% |
| OXY Occidental Petroleum Corp. | 3.65% | 150,223 | $7.4M | Reduce -8.4% |
| CNR Core Natural Resources Inc. | 3.13% | 82,317 | $6.3M | New |
| RIG Transocean Ltd. | 2.80% | 1,792,548 | $5.7M | Reduce -6.2% |
| MREO Mereo Biopharma Group PL-ADR | 2.80% | 2,521,324 | $5.7M | Add +8.8% |
| BORR Borr Drilling Ltd. | 2.48% | 2,293,558 | $5.0M | Add +4.2% |
| VTRS Viatris Inc. | 2.41% | 562,138 | $4.9M | Add +417.3% |
| FTAI Ftai Aviation Ltd. | 2.35% | 43,000 | $4.8M | New |
| FET Forum Energy Technologies Inc. | 2.28% | 230,059 | $4.6M | Reduce -0.2% |
| VAL Valaris Ltd. | 2.23% | 115,220 | $4.5M | Add +2.5% |
| NFE New Fortress Energy Inc. | 2.13% | 520,600 | $4.3M | New |
| NBR Nabors Industries Ltd. | 2.13% | 103,535 | $4.3M | Reduce -14.0% |
| NVDA Nvidia Corp. | 2.00% | 37,434 | $4.1M | No change |
| SDRL Seadrill Limited | 1.91% | 154,778 | $3.9M | Add +415.9% |
| QDEL Quidelortho Corp. | 1.82% | 105,417 | $3.7M | Add +118.8% |
| COLL Collegium Pharmaceutical Inc. | 1.64% | 111,792 | $3.3M | Add +288.4% |
| RNW Renew Energy Global PLC-A | 1.64% | 564,209 | $3.3M | Add +115.8% |
| NESR National Energy Services Reu | 1.60% | 439,917 | $3.2M | Add +9.5% |
| CRDL Cardiol Therapeutics Inc. Class A | 1.53% | 3,194,990 | $3.1M | Add +2.5% |
| STNG Scorpio Tankers Inc. | 1.50% | 81,103 | $3.0M | Add +233.8% |
| GLNG Golar LNG Ltd. | 1.40% | 75,000 | $2.8M | New |
| REKR Rekor Systems Inc. | 1.40% | 3,207,722 | $2.8M | Reduce -11.2% |
| TEVA Teva Pharmaceutical-SP ADR | 1.37% | 180,800 | $2.8M | New |
| SDGR Schrodinger Inc. | 1.31% | 134,172 | $2.6M | Add +65.8% |
| HAL Halliburton Co. | 1.27% | 101,550 | $2.6M | Add +204.0% |
| ALB Albemarle Corp. | 1.21% | 34,029 | $2.5M | New |
| ESTA Establishment Labs Holdings | 1.13% | 56,210 | $2.3M | New |
| ZYME Zymeworks Inc. | 1.11% | 189,409 | $2.3M | Add +391.5% |
| SSYS Stratasys Ltd. | 1.10% | 228,331 | $2.2M | Reduce -3.3% |
| NXE Nexgen Energy Ltd. | 1.06% | 478,558 | $2.1M | Add +561.0% |
| FRO Frontline PLC | 1.00% | 136,000 | $2.0M | Add +204.9% |
| CVE Cenovus Energy Inc. | 0.95% | 138,600 | $1.9M | Add +201.3% |
| WFRD Weatherford International PL | 0.92% | 34,900 | $1.9M | New |
| CCJ Cameco Corp. | 0.91% | 44,900 | $1.8M | New |
| DQ Daqo New Energy Corp.-ADR | 0.89% | 100,000 | $1.8M | New |
| SCPH Scpharmaceuticals Inc. | 0.86% | 662,052 | $1.7M | Add +8.0% |
| AA Alcoa Corp. | 0.83% | 55,500 | $1.7M | New |
| VIR Vir Biotechnology Inc. | 0.73% | 229,672 | $1.5M | Add +342.0% |
| TDW Tidewater Inc. | 0.71% | 34,000 | $1.4M | Reduce -14.1% |
| OPK Opko Health Inc. | 0.70% | 860,344 | $1.4M | Reduce -29.8% |
| LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV | 0.67% | 53,786 | $1.4M | New |
| FIP Ftai Infrastructure Inc. | 0.66% | 294,500 | $1.3M | New |
| DEC Diversified Energy Co. PLC | 0.63% | 95,119 | $1.3M | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.62% | 29,880 | $1.2M | Reduce -70.2% |
| IART Integra Lifesciences Holding | 0.60% | 55,000 | $1.2M | New |
| MRVI Maravai Lifesciences Hldgs-A | 0.59% | 542,549 | $1.2M | New |
| INDV Indivior Ltd. | 0.57% | 121,400 | $1.2M | New |
| FCX Freeport-McMoran Inc. | 0.56% | 30,000 | $1.1M | New |
| TRVI Trevi Therapeutics Inc. | 0.56% | 179,516 | $1.1M | Add +16.8% |
| CRC California Resources Corp. | 0.55% | 25,500 | $1.1M | New |
| BTU Peabody Energy Corp. | 0.53% | 79,565 | $1.1M | Add +59.1% |
| KAI Kadant Inc. | 0.51% | 3,100 | $1.0M | New |
| DNN Denison Mines Corp. | 0.50% | 775,100 | $1.0M | New |
| SXT Sensient Technologies Corp. | 0.50% | 13,500 | $1.0M | New |
| BRY Berry Corp. | 0.49% | 311,049 | $998K | Add +12.8% |
| PTEN Patterson-Uti Energy Inc. | 0.49% | 120,000 | $986K | Reduce -22.4% |
| IMVT Immunovant Inc. | 0.45% | 53,790 | $919K | New |
| VKTX Viking Therapeutics Inc. | 0.45% | 37,910 | $916K | New |
| IAS Integral Ad Science Holding | 0.40% | 99,854 | $805K | Add +66.4% |
| CMP Compass Minerals Internation | 0.37% | 79,751 | $741K | New |
| MD Pediatrix Medical Group Inc. | 0.36% | 50,000 | $725K | New |
| AVGO Broadcom Inc. | 0.31% | 3,769 | $631K | No change |
| CHRS Coherus Oncology Inc. | 0.27% | 687,218 | $555K | Reduce -6.9% |
| OFIX Orthofix Medical Inc. | 0.25% | 31,000 | $506K | New |
| URG Ur-Energy Inc. | 0.25% | 749,528 | $505K | New |
| ALIT Alight Inc. Class A | 0.25% | 85,100 | $505K | New |
| KROS Keros Therapeutics Inc. | 0.20% | 40,245 | $410K | New |
| TXMD Therapeuticsmd Inc. | 0.16% | 344,595 | $319K | Reduce -12.7% |
| DTIL Precision Biosciences Inc. | 0.14% | 60,427 | $288K | Add +185.2% |
| AXDXQ Accelerate Diagnostics Inc. | 0.00% | 13,056 | $9K | Reduce -0.6% |
Options reported separately and not counted above: QQQ puts ($56.3M).
Portfolio Sells Q4 2024 → Q1 2025
| NBR Nabors Industries Ltd. | Reduce -14.0% | 2.13% | −2.38 |
| REKR Rekor Systems Inc. | Reduce -11.2% | 1.40% | −2.29 |
| SLB SLB Ltd. | Reduce -70.2% | 0.62% | −1.90 |
| RIG Transocean Ltd. | Reduce -6.2% | 2.80% | −1.90 |
| OXY Occidental Petroleum Corp. | Reduce -8.4% | 3.65% | −1.66 |
| ARQT Arcutis Biotherapeutics Inc. | Reduce -4.6% | 6.52% | −1.57 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −1.53 |
| CONSOL ENERGY INC | Sold out | 0.00% | −1.05 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.89 |
| TDW Tidewater Inc. | Reduce -14.1% | 0.71% | −0.71 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.70 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.66 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.65 |
| VRN Veren Inc. | Sold out | 0.00% | −0.49 |
| OPK Opko Health Inc. | Reduce -29.8% | 0.70% | −0.48 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.40 |
| CHRS Coherus Oncology Inc. | Reduce -6.9% | 0.27% | −0.39 |
| PTEN Patterson-Uti Energy Inc. | Reduce -22.4% | 0.49% | −0.35 |
| SSYS Stratasys Ltd. | Reduce -3.3% | 1.10% | −0.27 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.19 |
| TXMD Therapeuticsmd Inc. | Reduce -12.7% | 0.16% | −0.07 |
| FET Forum Energy Technologies Inc. | Reduce -0.2% | 2.28% | −0.06 |
| AXDXQ Accelerate Diagnostics Inc. | Reduce -0.6% | 0.00% | −0.01 |
| GEL Genesis Energy L.P. | Sold out | 0.00% | 0.00 |
| HRTX Heron Therapeutics Inc. | Reduce -1.8% | 4.96% | +0.29 |
Portfolio Buys Q4 2024 → Q1 2025
| CNR Core Natural Resources Inc. | New | 3.13% | +3.13 |
| FTAI Ftai Aviation Ltd. | New | 2.35% | +2.35 |
| NFE New Fortress Energy Inc. | New | 2.13% | +2.13 |
| VTRS Viatris Inc. | Add +417.3% | 2.41% | +1.53 |
| GLNG Golar LNG Ltd. | New | 1.40% | +1.40 |
| TEVA Teva Pharmaceutical-SP ADR | New | 1.37% | +1.37 |
| ALB Albemarle Corp. | New | 1.21% | +1.21 |
| SDRL Seadrill Limited | Add +415.9% | 1.91% | +1.14 |
| ESTA Establishment Labs Holdings | New | 1.13% | +1.13 |
| COLL Collegium Pharmaceutical Inc. | Add +288.4% | 1.64% | +1.10 |
| WFRD Weatherford International PL | New | 0.92% | +0.92 |
| CCJ Cameco Corp. | New | 0.91% | +0.91 |
| DQ Daqo New Energy Corp.-ADR | New | 0.89% | +0.89 |
| AA Alcoa Corp. | New | 0.83% | +0.83 |
| NXE Nexgen Energy Ltd. | Add +561.0% | 1.06% | +0.75 |
| ZYME Zymeworks Inc. | Add +391.5% | 1.11% | +0.74 |
| STNG Scorpio Tankers Inc. | Add +233.8% | 1.50% | +0.71 |
| HAL Halliburton Co. | Add +204.0% | 1.27% | +0.67 |
| LKFT Lakefront Biotherapeutic-ADR | New | 0.67% | +0.67 |
| FIP Ftai Infrastructure Inc. | New | 0.66% | +0.66 |
| DEC Diversified Energy Co. PLC | New | 0.63% | +0.63 |
| IART Integra Lifesciences Holding | New | 0.60% | +0.60 |
| MRVI Maravai Lifesciences Hldgs-A | New | 0.59% | +0.59 |
| FRO Frontline PLC | Add +204.9% | 1.00% | +0.58 |
| INDV Indivior Ltd. | New | 0.57% | +0.57 |
| FCX Freeport-McMoran Inc. | New | 0.56% | +0.56 |
| CRC California Resources Corp. | New | 0.55% | +0.55 |
| KAI Kadant Inc. | New | 0.51% | +0.51 |
| DNN Denison Mines Corp. | New | 0.50% | +0.50 |
| SXT Sensient Technologies Corp. | New | 0.50% | +0.50 |
| CVE Cenovus Energy Inc. | Add +201.3% | 0.95% | +0.49 |
| VIR Vir Biotechnology Inc. | Add +342.0% | 0.73% | +0.48 |
| RNW Renew Energy Global PLC-A | Add +115.8% | 1.64% | +0.47 |
| IMVT Immunovant Inc. | New | 0.45% | +0.45 |
| VKTX Viking Therapeutics Inc. | New | 0.45% | +0.45 |
| QDEL Quidelortho Corp. | Add +118.8% | 1.82% | +0.41 |
| CMP Compass Minerals Internation | New | 0.37% | +0.37 |
| MD Pediatrix Medical Group Inc. | New | 0.36% | +0.36 |
| SDGR Schrodinger Inc. | Add +65.8% | 1.31% | +0.28 |
| OFIX Orthofix Medical Inc. | New | 0.25% | +0.25 |
| URG Ur-Energy Inc. | New | 0.25% | +0.25 |
| ALIT Alight Inc. Class A | New | 0.25% | +0.25 |
| KROS Keros Therapeutics Inc. | New | 0.20% | +0.20 |
| TRVI Trevi Therapeutics Inc. | Add +16.8% | 0.56% | +0.14 |
| DTIL Precision Biosciences Inc. | Add +185.2% | 0.14% | +0.09 |
| IAS Integral Ad Science Holding | Add +66.4% | 0.40% | −0.01 |
| BTU Peabody Energy Corp. | Add +59.1% | 0.53% | −0.15 |
| BRY Berry Corp. | Add +12.8% | 0.49% | −0.25 |
| NE Noble Corp. PLC | Add +59.1% | 4.02% | −0.43 |
| SCPH Scpharmaceuticals Inc. | Add +8.0% | 0.86% | −0.56 |
Options Activity Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | put | New | 120,000 | $56.3M |
| STATE STR SPDR S&P 500 ETF T | put | Sold out | 400 | $76Kbefore 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 | 66 | $243.3M | DEC, FIS, ESTA, AR, MRVI |
| Q1 2026 | 73 | $303.4M | DEC, ESTA, DNOW, TFX, GPN |
| Q4 2025 | 61 | $240.6M | DEC, GLNG, SDRL, NE, MRVI |
| Q3 2025 | 46 | $182.4M | DEC, CNR, ARQT, NOV, GLNG |
| Q2 2025 | 70 | $215.7M | DEC, ARQT, HRTX, CNR, NE |
| Q1 2025 | 74 | $202.9M | ARQT, HRTX, ROIV, NOV, NE |
| Q4 2024 | 54 | $152.6M | ARQT, ROIV, BORR, NOV, MREO |
| Q3 2024 | 55 | $209.6M | ROIV, MREO, ARQT, HRTX, STNG |
| Q2 2024 | 67 | $274.7M | ROIV, HRTX, ARQT, LBTYA, RIG |
| Q1 2024 | 72 | $270.0M | ROIV, STNG, HRTX, GLNG, NBR |