Teramo Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Teramo Advisors, LLC reported 3 stock positions worth $370.3 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 52.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 47.4%) and Clearshares Ultra-Short Matu (OPER, 0.5%). Compared with Q4 2025, it sold out of 7, added to 1 and reduced 1. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +40%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −2%).