Teramo Advisors, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Teramo Advisors, LLC reported 7 stock positions worth $201.9 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 91.6% of the portfolio, followed by Rayonier (RYN, 4.6%) and Clearshares Ultra-Short Matu (OPER, 1.5%). Compared with Q1 2024, it opened 1 new position, sold out of 1, added to 2 and reduced 1. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +31%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- Naples, FL
- CIK
- 0001904821
- Portfolio Value
- $201.9M (Q2 2024)
- SEC Filing
- 0001172661-24-003129 ↗ filed Aug 7, 2024
Holdings Value
Holdings 7 stocks · $201.9M
| SPY SS SPDR S&P 500 ETF Trust-US | 91.64% | 340,000 | $185.0M | Add +30.8% |
| RYN Rayonier Inc. | 4.61% | 320,000 | $9.3M | New |
| OPER Clearshares Ultra-Short Matu | 1.49% | 30,000 | $3.0M | No change |
| PL Planet Labs PBC | 1.04% | 1,132,700 | $2.1M | Add +3.0% |
| IVV iShares Core S&P 500 ETF | 0.95% | 3,500 | $1.9M | Reduce -96.0% |
| XOM Exxon Mobil Corp. | 0.16% | 2,800 | $322K | No change |
| SHEL Shell PLC-ADR | 0.11% | 3,000 | $217K | No change |
Options reported separately and not counted above: SPY puts ($76.2M), QQQ puts ($10.8M).
Portfolio Sells Q1 2024 → Q2 2024
Portfolio Buys Q1 2024 → Q2 2024
Options Activity Q1 2024 → Q2 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +27.3% | 140,000 | $76.2M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 22,500 | $10.8M |
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 | 3 | $409.8M | IVV, SPY, OPER |
| Q1 2026 | 3 | $370.3M | IVV, SPY, OPER |
| Q4 2025 | 10 | $335.7M | SPY, IVV, OPER, GOOGL, AAPL |
| Q3 2025 | 13 | $277.5M | SPY, IVV, RSP, OPER, GOOGL |
| Q2 2025 | 22 | $274.4M | SPY, IVV, RYN, PL, OPER |
| Q1 2025 | 19 | $246.4M | SPY, RYN, PL, OPER, IVV |
| Q4 2024 | 6 | $235.1M | SPY, RYN, PL, OPER, IVV |
| Q3 2024 | 6 | $221.9M | SPY, RYN, OPER, PL, IVV |
| Q2 2024 | 7 | $201.9M | SPY, RYN, OPER, PL, IVV |
| Q1 2024 | 7 | $200.0M | SPY, IVV, IONQ, OPER, PL |