Teramo Advisors, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Teramo Advisors, LLC reported 6 stock positions worth $235.1 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 92.2% of the portfolio, followed by Rayonier (RYN, 3.6%) and Planet Labs PBC (PL, 1.9%). Compared with Q3 2024, it added to 1. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +4%).

Most Recent 13F
Q2 2026
Location
Naples, FL
CIK
0001904821
Portfolio Value
$235.1M (Q4 2024)
SEC Filing
0001172661-25-000628 ↗ filed Feb 10, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $200.0M Q1 2024 Q2 2024: $201.9M Q2 2024 Q3 2024: $221.9M Q3 2024 Q4 2024: $235.1M $235.1M Q4 2024 Q1 2025: $246.4M Q1 2025 Q2 2025: $274.4M Q2 2025 Q3 2025: $277.5M Q3 2025 Q4 2025: $335.7M Q4 2025 Q1 2026: $370.3M Q1 2026 Q2 2026: $409.8M Q2 2026

Holdings 6 stocks · $235.1M
SPY SS SPDR S&P 500 ETF Trust-US 92.22% 370,000 $216.8M Add +4.2%
RYN Rayonier Inc. 3.55% 320,000 $8.4M No change
PL Planet Labs PBC 1.95% 1,132,700 $4.6M No change
OPER Clearshares Ultra-Short Matu 1.28% 30,000 $3.0M No change
IVV iShares Core S&P 500 ETF 0.88% 3,500 $2.1M No change
XOM Exxon Mobil Corp. 0.13% 2,800 $301K No change

Options reported separately and not counted above: SPY puts ($1.5M).

Portfolio Sells Q3 2024 → Q4 2024
None this quarter.

Portfolio Buys Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +4.2% 92.22% +0.41

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$409.8MIVV, SPY, OPER
Q1 2026 3$370.3MIVV, SPY, OPER
Q4 2025 10$335.7MSPY, IVV, OPER, GOOGL, AAPL
Q3 2025 13$277.5MSPY, IVV, RSP, OPER, GOOGL
Q2 2025 22$274.4MSPY, IVV, RYN, PL, OPER
Q1 2025 19$246.4MSPY, RYN, PL, OPER, IVV
Q4 2024 6$235.1MSPY, RYN, PL, OPER, IVV
Q3 2024 6$221.9MSPY, RYN, OPER, PL, IVV
Q2 2024 7$201.9MSPY, RYN, OPER, PL, IVV
Q1 2024 7$200.0MSPY, IVV, IONQ, OPER, PL