Torno Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Torno Capital, LLC reported 17 stock positions worth $96.5 million. Its top holding was Dollar Tree (DLTR) at 41.2% of the portfolio, followed by Alphabet Class A (GOOGL, 23.2%) and Alphabet Class C (GOOG, 17.1%). Compared with Q4 2024, it opened 13 new positions, sold out of 35 and reduced 3. The biggest buy was a new position in Dollar Tree (DLTR) and the biggest sale an exit from Amazon.com (AMZN).
- Most Recent 13F
- Q2 2026
- Location
- COHASSET, MA
- CIK
- 0001974312
- Portfolio Value
- $96.5M (Q1 2025)
- SEC Filing
- 0001974312-25-000008 ↗ filed May 14, 2025
Holdings Value
Holdings 17 stocks · $96.5M
| DLTR Dollar Tree Inc. | 41.23% | 530,000 | $39.8M | New |
| GOOGL Alphabet Inc. Class A | 23.23% | 145,000 | $22.4M | New |
| GOOG Alphabet Inc. Class C | 17.07% | 105,450 | $16.5M | Reduce -64.3% |
| BOXX Alpha Architect 1-3 MNTH Box | 10.86% | 94,000 | $10.5M | New |
| RH RH | 2.43% | 10,000 | $2.3M | New |
| IBIT iShares Bitcoin Trust ETF | 2.06% | 42,500 | $2.0M | Reduce -57.5% |
| JNJ Johnson & Johnson | 0.69% | 4,000 | $663K | New |
| KMI Kinder Morgan Inc. | 0.67% | 22,500 | $642K | New |
| SMTC Semtech Corp. | 0.48% | 13,500 | $464K | New |
| TQQQ Proshares Ultrapro QQQ | 0.45% | 7,500 | $430K | New |
| DXCM Dexcom Inc. | 0.35% | 5,000 | $341K | New |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 0.17% | 10,000 | $160K | New |
| TOL Toll Brothers Inc. | 0.16% | 1,500 | $158K | New |
| SOC Sable Offshore Corp. | 0.11% | 4,000 | $101K | New |
| XOM Exxon Mobil Corp. | 0.02% | 200 | $24K | No change |
| DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN | 0.02% | 5,000 | $20K | Reduce -16.7% |
| CONL Granitesh 2X LNG Coin ETF-US | 0.01% | 628 | $9K | New |
Options reported separately and not counted above: DLTR puts ($52.2M), GOOG puts ($39.1M), TQQQ puts ($36.1M), SOXL puts ($29.3M), META calls ($20.2M), CVNA puts ($10.5M), RH puts ($9.4M), CMG calls ($6.8M), STNG calls ($6.5M), PG calls ($5.2M), SMTC calls ($5.2M), KMI calls ($4.0M), and 44 more.
Other holdings (2): bonds, preferreds, convertibles and warrants · $11K (not counted above)
Total filed on the 13F, all lines: $96.5M.
Portfolio Sells Q4 2024 → Q1 2025
| AMZN Amazon.com Inc. | Sold out | 0.00% | −32.50 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −26.24 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −20.49 |
| NVDL Granitesh 2X LNG Nvda ETF | Sold out | 0.00% | −1.70 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −1.40 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −1.21 |
| FDIG Fidelity Crypto Indu & DGTL | Sold out | 0.00% | −1.16 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −0.51 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.48 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.27 |
| INCY Incyte Corp. | Sold out | 0.00% | −0.20 |
| NWSA News Corp. Class A | Sold out | 0.00% | −0.19 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.16 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −0.14 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.13 |
| BLOK Amplify Blockchain Tech ETF | Sold out | 0.00% | −0.13 |
| PCVX Vaxcyte Inc. | Sold out | 0.00% | −0.11 |
| HL Hecla Mining Co. | Sold out | 0.00% | −0.11 |
| X United States Steel Corp. | Sold out | 0.00% | −0.10 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.10 |
| BITS Global X Block & Bit Strat | Sold out | 0.00% | −0.09 |
| SILJ Amplify Junior Silver Miners | Sold out | 0.00% | −0.09 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.08 |
| IONS Ionis Pharmaceuticals Inc. | Sold out | 0.00% | −0.07 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −0.05 |
| SMMT Summit Therapeutics Inc. | Sold out | 0.00% | −0.03 |
| AZUL S A | Sold out | 0.00% | −0.02 |
| DAPP Vaneck Digital Transformatio | Sold out | 0.00% | −0.02 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.01 |
| URA Global X Uranium ETF | Sold out | 0.00% | −0.01 |
| MTTR Matterport Inc. | Sold out | 0.00% | −0.01 |
| WRBY Warby Parker Inc. Class A | Sold out | 0.00% | −0.01 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.01 |
| HE Hawaiian Electric Inds | Sold out | 0.00% | −0.00 |
| URNM Sprott Uranium Miners ETF | Sold out | 0.00% | −0.00 |
| DCH Dauch Corporation | Reduce -16.7% | 0.02% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Reduce -57.5% | 2.06% | +1.01 |
| GOOG Alphabet Inc. Class C | Reduce -64.3% | 17.07% | +5.97 |
Portfolio Buys Q4 2024 → Q1 2025
| DLTR Dollar Tree Inc. | New | 41.23% | +41.23 |
| GOOGL Alphabet Inc. Class A | New | 23.23% | +23.23 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 10.86% | +10.86 |
| RH RH | New | 2.43% | +2.43 |
| JNJ Johnson & Johnson | New | 0.69% | +0.69 |
| KMI Kinder Morgan Inc. | New | 0.67% | +0.67 |
| SMTC Semtech Corp. | New | 0.48% | +0.48 |
| TQQQ Proshares Ultrapro QQQ | New | 0.45% | +0.45 |
| DXCM Dexcom Inc. | New | 0.35% | +0.35 |
| SOXL Direx Dail Semi Bu 3X Et-Usd | New | 0.17% | +0.17 |
| TOL Toll Brothers Inc. | New | 0.16% | +0.16 |
| SOC Sable Offshore Corp. | New | 0.11% | +0.11 |
| CONL Granitesh 2X LNG Coin ETF-US | New | 0.01% | +0.01 |
Options Activity Q4 2024 → Q1 2025
| AMZN Amazon.com Inc. | put | Sold out | 750,000 | $164.5Mbefore exit |
| AMD Advanced Micro Devices | put | Sold out | 1,100,000 | $132.9Mbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 750,000 | $100.7Mbefore exit |
| DLTR Dollar Tree Inc. | put | New | 695,000 | $52.2M |
| GOOG Alphabet Inc. Class C | put | Add +257.1% | 250,000 | $39.1M |
| TQQQ Proshares Ultrapro QQQ | put | New | 629,900 | $36.1M |
| SOXL Direx Dail Semi Bu 3X Et-Usd | put | New | 1,839,200 | $29.3M |
| META Meta Platforms Inc. Class A | call | New | 35,000 | $20.2M |
| NVDL Granitesh 2X LNG Nvda ETF | put | Sold out | 252,300 | $16.8Mbefore exit |
| ZTS Zoetis Inc. | call | Sold out | 66,000 | $10.8Mbefore exit |
| CVNA Carvana Co. | put | New | 50,000 | $10.5M |
| RH RH | put | New | 40,000 | $9.4M |
| BLOK Amplify Blockchain Tech ETF | put | Sold out | 211,700 | $9.1Mbefore exit |
| BRK.B Berkshire Hathaway Inc. Class B | call | Sold out | 20,000 | $9.1Mbefore exit |
| CMG Chipotle Mexican Grill Inc. | call | New | 135,000 | $6.8M |
| STNG Scorpio Tankers Inc. | call | Reduce -63.2% | 172,800 | $6.5M |
| KWEB Kranesh Csi China Internet | put | Sold out | 210,000 | $6.1Mbefore exit |
| GDXJ Vaneck Junior Gold Miners | put | Sold out | 140,000 | $6.0Mbefore exit |
| AVGO Broadcom Inc. | put | Sold out | 25,000 | $5.8Mbefore exit |
| LEU Centrus Energy Corp. Class A | call | Sold out | 80,000 | $5.3Mbefore exit |
| PG The Procter & Gamble Co. | call | New | 30,600 | $5.2M |
| SMTC Semtech Corp. | call | New | 150,000 | $5.2M |
| SHOP Shopify Inc. Class A | call | Sold out | 43,000 | $4.6Mbefore exit |
| GDXJ Vaneck Junior Gold Miners | call | Sold out | 100,000 | $4.3Mbefore exit |
| KMI Kinder Morgan Inc. | call | New | 140,000 | $4.0M |
| ILMN Illumina Inc. | put | Sold out | 28,800 | $3.8Mbefore exit |
| DLTR Dollar Tree Inc. | call | Add +400.0% | 50,000 | $3.8M |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | put | New | 124,000 | $3.6M |
| BAC Bank of America Corp. | call | Sold out | 80,500 | $3.5Mbefore exit |
| DXCM Dexcom Inc. | call | New | 50,000 | $3.4M |
| SHOP Shopify Inc. Class A | put | Sold out | 32,000 | $3.4Mbefore exit |
| META Meta Platforms Inc. Class A | put | New | 5,700 | $3.3M |
| WIX Wix.com Ltd. | call | Sold out | 15,200 | $3.3Mbefore exit |
| JPM JPMorgan Chase & Co. | call | Reduce -14.8% | 13,200 | $3.2M |
| SNOW Snowflake Inc. | call | New | 22,100 | $3.2M |
| WBA Walgreens Boots Alliance Inc. | call | New | 260,000 | $2.9M |
| ILMN Illumina Inc. | call | Sold out | 20,000 | $2.7Mbefore exit |
| IGV iShares Expanded Tech-Softwa | call | Sold out | 26,000 | $2.6Mbefore exit |
| AAPL Apple Inc. | put | Sold out | 10,100 | $2.5Mbefore exit |
| CSCO Cisco Systems Inc. | call | Sold out | 41,100 | $2.4Mbefore exit |
| PM Philip Morris International | call | Add +6.5% | 14,800 | $2.3M |
| UPS United Parcel Service Class B | call | New | 20,000 | $2.2M |
| WIX Wix.com Ltd. | put | Sold out | 10,200 | $2.2Mbefore exit |
| WGO Winnebago Industries | call | New | 62,500 | $2.2M |
| CVX Chevron Corp. | call | Reduce -3.0% | 12,700 | $2.1M |
| TOL Toll Brothers Inc. | call | New | 20,000 | $2.1M |
| PCVX Vaxcyte Inc. | call | Sold out | 25,000 | $2.0Mbefore exit |
| PCVX Vaxcyte Inc. | put | Sold out | 25,000 | $2.0Mbefore exit |
| SILJ Amplify Junior Silver Miners | call | Sold out | 201,000 | $2.0Mbefore exit |
| FYBR Frontier Communications Pare | put | Sold out | 50,000 | $1.7Mbefore exit |
Showing the first 50 of 129.
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 | 21 | $1.4B | NVDA, MSFT, GOOG, AMZN, TSM |
| Q1 2026Amended | 18 | $242.3M | GOOGL, GOOG, WIX, ORCL, SOXL |
| Q4 2025Amended | 28 | $234.5M | GOOGL, KWEB, URNM, SGDJ, URA |
| Q3 2025Amended | 23 | $755.5M | KWEB, GOOG, GOOGL, UNH, BTF |
| Q2 2025Amended | 12 | $265.0M | KWEB, GOOG, SPY, PEP, ELV |
| Q1 2025 | 17 | $96.5M | DLTR, GOOGL, GOOG, BOXX, RH |
| Q4 2024Amended | 39 | $506.3M | AMZN, AMD, NVDA, GOOG, NVDL |
| Q3 2024Amended | 48 | $77.2M | GOOG, GOOGL, STNG, KWEB, DUK |
| Q2 2024Amended | 48 | $947.1M | AMZN, AAPL, META, GOOG, MSFT |
| Q1 2024 | 58 | $465.1M | GOOGL, BKNG, MSFT, BRK.B, MELI |