Troluce Capital Advisors LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Troluce Capital Advisors LLC reported 18 stock positions worth $196.4 million . Its top holding was Fluor (FLR) at 33.9% of the portfolio, followed by Capital One Financial (COF, 18.3% ) and Kenvue (KVUE, 10.1% ). Compared with Q1 2025, it opened 12 new positions, sold out of 9, added to 1 and reduced 5. The biggest buy was a new position in Fluor (FLR) and the biggest sale Western Digital (WDC, shares −64% ).
Location DORADO, PR
CIK 0001910321
Portfolio Value $196.4M (Q2 2025) Holdings 18 stocks · $196.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 FLR Fluor Corp. 1,300,000 $66.7M New COF Capital One Financial Corp. 169,400 $36.0M New KVUE Kenvue Inc. 950,000 $19.9M New WDC Western Digital Corp. 255,150 $16.3M Reduce -64.2% MIR Mirion Technologies Inc. 600,000 $12.9M New AMCR Amcor PLC 1,350,000 $12.4M Reduce -35.7% AMRZ Amrize Ltd. 210,000 $10.4M New ASND Ascendis Pharma A/S 30,000 $5.2M New HUDSON PAC PPTYS INC 1,350,000 $3.7M New MRUS Merus NV 70,000 $3.7M New ROIV Roivant Sciences Ltd. 250,000 $2.8M Reduce -64.9% SGRY Surgery Partners Inc. 100,000 $2.2M New GHRS GH Research PLC 85,791 $1.0M Reduce -44.9% VSTS Vestis Corp. 179,105 $1.0M New BTBT Bit Digital Inc. 350,000 $767K New DHC Diversified Healthcare Trust 200,000 $716K New CORZ Core Scientific Inc. 25,000 $427K Reduce -98.6% TCRX Tscan Therapeutics Inc. 150,000 $218K Add +79.1%
Options reported separately and not counted above: SMR calls ($40.2M), SKX calls ($34.6M), COF calls ($31.9M), GLNG calls ($30.9M), SPY puts ($30.9M), AMCR calls ($17.1M), FLR puts ($15.4M), RBLX puts ($10.5M), UNH calls ($6.2M), VSTS puts ($5.7M), KVUE calls ($2.1M), USAR calls ($548K).
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ WDC Western Digital Corp. Reduce -64.2% 8.31% −19.21 FLUT Flutter Entertainment PLC-Di Sold out 0.00% −16.86 AMCR Amcor PLC Reduce -35.7% 6.32% −13.16 CORZ Core Scientific Inc. Reduce -98.6% 0.22% −12.08 ROIV Roivant Sciences Ltd. Reduce -64.9% 1.43% −5.44 NN Nextnav Inc. Sold out 0.00% −4.91 PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) Sold out 0.00% −3.84 BATRK Atlanta Braves Holdings in-C Sold out 0.00% −2.23 SWTX Springworks Therapeutics Inc. Sold out 0.00% −1.77 GHRS GH Research PLC Reduce -44.9% 0.53% −1.11 JANX Janux Therapeutics Inc. Sold out 0.00% −0.83 X United States Steel Corp. Sold out 0.00% −0.68 UNF Unifirst Corp. Sold out 0.00% −0.51 SAIL Sailpoint Inc. Sold out 0.00% −0.45
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ FLR Fluor Corp. New 33.93% +33.93 COF Capital One Financial Corp. New 18.35% +18.35 KVUE Kenvue Inc. New 10.12% +10.12 MIR Mirion Technologies Inc. New 6.58% +6.58 AMRZ Amrize Ltd. New 5.30% +5.30 ASND Ascendis Pharma A/S New 2.64% +2.64 HUDSON PAC PPTYS INC New 1.88% +1.88 MRUS Merus NV New 1.87% +1.87 SGRY Surgery Partners Inc. New 1.13% +1.13 VSTS Vestis Corp. New 0.52% +0.52 BTBT Bit Digital Inc. New 0.39% +0.39 DHC Diversified Healthcare Trust New 0.36% +0.36 TCRX Tscan Therapeutics Inc. Add +79.1% 0.11% +0.00
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ GOOGL Alphabet Inc. Class A call Sold out 258,700 $40.4Mbefore exit SMR Nuscale Power Corp. call New 1,015,000 $40.2M SKX Skechers USA Inc. Class A call New 548,700 $34.6M COF Capital One Financial Corp. call New 150,000 $31.9M XLF SS Financial Select Sector put Sold out 628,500 $31.3Mbefore exit GLNG Golar LNG Ltd. call New 750,000 $30.9M SPY SS SPDR S&P 500 ETF Trust-US put New 50,000 $30.9M TKO Tko Group Holdings Inc. call Sold out 200,000 $30.6Mbefore exit FTAI AVIATION LTD call Sold out 251,200 $27.9Mbefore exit DE Deere & Co. put Sold out 50,300 $23.6Mbefore exit META Meta Platforms Inc. Class A call Sold out 33,500 $19.3Mbefore exit AMCR Amcor PLC call New 1,863,400 $17.1M FLR Fluor Corp. put New 300,000 $15.4M AMZN Amazon.com Inc. call Sold out 58,600 $11.1Mbefore exit FLUT Flutter Entertainment PLC-Di call Sold out 50,000 $11.1Mbefore exit RBLX Roblox Corp. Class A put New 100,000 $10.5M EIX Edison International call Sold out 172,300 $10.0Mbefore exit GEV GE Vernova Inc. call Sold out 29,400 $9.0Mbefore exit CORZ Core Scientific Inc. call Sold out 1,047,700 $7.6Mbefore exit UNH Unitedhealth Group Inc. call New 20,000 $6.2M VSTS Vestis Corp. put New 1,000,000 $5.7M NBIS Nebius Group NV call Sold out 167,600 $3.5Mbefore exit BHF Brighthouse Financial Inc. call Sold out 43,100 $2.2Mbefore exit KVUE Kenvue Inc. call New 100,000 $2.1M PCT Purecycle Technologies Inc. put Sold out 200,000 $1.4Mbefore exit PYCR Paycor HCM Inc. call Sold out 41,600 $934Kbefore exit USAR USA Rare Earth Inc. call New 50,000 $548K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025 Security Class Change vs Q1 2025 Shares / Principal Value ▼ RGTIW Rigetti Computing -CW27 *W EXP 03/02/202 Sold out 522,200 $1.4Mbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 12 $267.0M AMTM, ECHO, MLYS, MIR, AEIS Q1 2026 44 $923.4M BATRK, ECHO, COF, FWONK, LYV Q4 2025 9 $129.3M COF, BATRK, MIR, PRMB, FWONK Q3 2025 21 $282.2M FLR, COF, DD, ECHO, AMCR Q2 2025 18 $196.4M FLR, COF, KVUE, WDC, MIR Q1 2025 15 $104.5M WDC, AMCR, FLUT, CORZ, ROIV Q4 2024 15 $992.0M EDR, BATRK, AIG, SGRY, AMCR Q3 2024 43 $558.8M EDR, TKO, ROIV, SUM, LLYVK Q2 2024 35 $476.9M AIG, LLYVK, LSXMK, ROIV, ANSS Q1 2024 45 $450.1M AIG, LLYVK, GE, COF, ANSS