Truffle Hound Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Truffle Hound Capital, LLC reported 53 stock positions worth $151.3 million. Its top holding was Alerian MLP ETF (AMLP) at 7.7% of the portfolio, followed by Grupo Cibest SA-ADR (CIB, 7.6%) and Abrdn Asia-Pacific Income (FAX, 6.3%). Compared with Q1 2025, it opened 19 new positions, sold out of 14, added to 8 and reduced 19. The biggest buy was Alerian MLP ETF (AMLP, shares +41%) and the biggest sale an exit from Penns Woods Bancorp (PWOD).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0001595862
- Portfolio Value
- $151.3M (Q2 2025)
- SEC Filing
- 0001595862-25-000005 ↗ filed Aug 11, 2025
Holdings Value
Holdings 53 stocks · $151.3M
| AMLP Alerian MLP ETF | 7.75% | 240,000 | $11.7M | Add +41.2% |
| CIB Grupo Cibest SA-ADR | 7.63% | 250,000 | $11.5M | Reduce -3.9% |
| FAX Abrdn Asia-Pacific Income | 6.31% | 600,000 | $9.6M | Add +20.0% |
| GOOGL Alphabet Inc. Class A | 5.24% | 45,000 | $7.9M | Add +40.6% |
| PAGS Pagseguro Digital Ltd. Class A | 5.10% | 800,000 | $7.7M | No change |
| STNE Stoneco Ltd. Class A | 4.24% | 400,000 | $6.4M | No change |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 4.21% | 75,000 | $6.4M | No change |
| OPBK Op Bancorp | 3.43% | 400,000 | $5.2M | Reduce -28.6% |
| EC Ecopetrol SA-Sponsored ADR | 3.22% | 550,000 | $4.9M | Add +83.3% |
| AVAL Grupo Aval Acciones Y Valore | 3.16% | 1,700,000 | $4.8M | No change |
| DOUG Douglas Elliman Inc. | 3.07% | 2,000,000 | $4.6M | Reduce -13.0% |
| BBD Banco Bradesco-ADR | 3.06% | 1,500,000 | $4.6M | Add +100.0% |
| BCH Banco DE Chile-ADR | 3.02% | 150,000 | $4.6M | Reduce -16.7% |
| STRT Strattec Security Corp. | 2.65% | 64,526 | $4.0M | Reduce -35.5% |
| MGIC Magic Software Enterprises | 2.25% | 178,296 | $3.4M | Reduce -40.6% |
| CFFI C & F Financial Corp. filed as C & F FINL CORP | 2.08% | 51,107 | $3.2M | Reduce -31.9% |
| ADBE Adobe Inc. | 2.05% | 8,000 | $3.1M | New |
| BSET Bassett Furniture Inds | 2.01% | 200,000 | $3.0M | Reduce -33.0% |
| AMPY Amplify Energy Corp. | 1.69% | 800,000 | $2.6M | New |
| FRD Friedman Industries | 1.64% | 150,000 | $2.5M | Add +43.0% |
| PYPL PayPal Holdings Inc. | 1.60% | 32,500 | $2.4M | Reduce -32.3% |
| AXR Amrep Corp. | 1.58% | 114,524 | $2.4M | Add +129.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.56% | 70,000 | $2.4M | New |
| ULBI Ultralife Corp. | 1.48% | 250,000 | $2.2M | New |
| LGCY Legacy Education Inc. | 1.45% | 196,599 | $2.2M | New |
| HGBL Heritage Global Inc. | 1.35% | 920,157 | $2.0M | Add +41.6% |
| WHR Whirlpool Corp. | 1.34% | 20,000 | $2.0M | Reduce -50.0% |
| VIST Vista Energy Sab DE CV | 1.26% | 40,000 | $1.9M | No change |
| MRBK Meridian Corp. | 1.06% | 124,295 | $1.6M | Reduce -37.9% |
| MGYR Magyar Bancorp Inc. | 1.03% | 93,241 | $1.6M | New |
| FONR Fonar Corp. | 0.89% | 90,000 | $1.3M | No change |
| TEI Templeton Emrg MKTS Inc. | 0.80% | 202,084 | $1.2M | No change |
| TSQ Townsquare Media Inc. Class A | 0.78% | 150,000 | $1.2M | New |
| GIFI Gulf Island Fabrication Inc. | 0.77% | 175,047 | $1.2M | New |
| CHCI Comstock Holding Companies | 0.76% | 113,554 | $1.1M | New |
| INFU Infusystem Holdings Inc. | 0.74% | 180,000 | $1.1M | New |
| DIBS 1STDIBS.COM Inc. | 0.73% | 400,000 | $1.1M | New |
| ESOA Energy Services of America | 0.66% | 99,824 | $992K | Reduce -69.5% |
| GPMT Granite Point Mortgage Trust | 0.65% | 400,000 | $988K | New |
| FCAP First Capital Inc. | 0.65% | 23,702 | $979K | Reduce -52.6% |
| PPIH Perma-Pipe International Hol | 0.62% | 41,000 | $938K | New |
| BVFL BV Financial Inc. filed as BV FINL INC | 0.61% | 60,158 | $916K | Reduce -59.9% |
| LCUT Lifetime Brands Inc. | 0.60% | 177,321 | $904K | New |
| KGEI Kolibri Global Energy Inc. | 0.58% | 127,780 | $875K | Reduce -74.4% |
| AUBN Auburn Natl Bancorporation | 0.46% | 28,120 | $703K | New |
| HOFT Hooker Furnishings Corp. | 0.41% | 58,996 | $624K | New |
| LTRX Lantronix Inc. | 0.38% | 200,000 | $574K | Reduce -73.7% |
| HNNA Hennessy Advisors Inc. | 0.37% | 44,131 | $556K | New |
| CIA Citizens Inc. | 0.31% | 135,034 | $471K | Reduce -80.7% |
| PETS Petmed Express Inc. | 0.26% | 120,035 | $399K | New |
| LESLIES INC | 0.19% | 687,236 | $289K | New |
| TBRG Trubridge Inc. | 0.15% | 10,000 | $234K | Reduce -94.1% |
| CFBK CF Bankshares Inc. | 0.10% | 6,520 | $156K | Reduce -92.5% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($166.8M), ISHARES INC calls ($40.4M), GENERAL MTRS CO calls ($9.8M), SLB LIMITED calls ($8.4M), ENERGY TRANSFER L P calls ($8.2M), NEWMONT CORP calls ($5.8M).
Portfolio Sells Q1 2025 → Q2 2025
| PWOD Penns Woods Bancorp Inc. | Sold out | 0.00% | −3.58 |
| TBRG Trubridge Inc. | Reduce -94.1% | 0.15% | −2.84 |
| KGEI Kolibri Global Energy Inc. | Reduce -74.4% | 0.58% | −2.11 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −1.84 |
| CIA Citizens Inc. | Reduce -80.7% | 0.31% | −1.73 |
| NE Noble Corp. PLC | Sold out | 0.00% | −1.52 |
| ESOA Energy Services of America | Reduce -69.5% | 0.66% | −1.33 |
| TZOO Travelzoo | Sold out | 0.00% | −1.22 |
| CFFI C & F Financial Corp. | Reduce -31.9% | 2.08% | −1.15 |
| CFBK CF Bankshares Inc. | Reduce -92.5% | 0.10% | −1.12 |
| EPSN Epsilon Energy Ltd. | Sold out | 0.00% | −1.00 |
| WHR Whirlpool Corp. | Reduce -50.0% | 1.34% | −0.97 |
| SDRL Seadrill Limited | Sold out | 0.00% | −0.96 |
| MPAA Motorcar Parts of America Inc. | Sold out | 0.00% | −0.91 |
| BSET Bassett Furniture Inds | Reduce -33.0% | 2.01% | −0.91 |
| OPBK Op Bancorp | Reduce -28.6% | 3.43% | −0.88 |
| BVFL BV Financial Inc. | Reduce -59.9% | 0.61% | −0.86 |
| EHTH Ehealth Inc. | Sold out | 0.00% | −0.86 |
| LTRX Lantronix Inc. | Reduce -73.7% | 0.38% | −0.83 |
| TSEOQ Trinseo PLC | Sold out | 0.00% | −0.83 |
| MRBK Meridian Corp. | Reduce -37.9% | 1.06% | −0.79 |
| PHX PHX Minerals Inc. | Sold out | 0.00% | −0.73 |
| CLVT Clarivate PLC | Sold out | 0.00% | −0.63 |
| FCAP First Capital Inc. | Reduce -52.6% | 0.65% | −0.58 |
| PYPL PayPal Holdings Inc. | Reduce -32.3% | 1.60% | −0.41 |
| BRBS Blue Ridge Bankshares Inc. | Sold out | 0.00% | −0.31 |
| AOUT American Outdoor Brands Inc. | Sold out | 0.00% | −0.30 |
| CEE Central and Eastern Europe F | Sold out | 0.00% | −0.28 |
| MGIC Magic Software Enterprises | Reduce -40.6% | 2.25% | −0.24 |
| BCH Banco DE Chile-ADR | Reduce -16.7% | 3.02% | −0.04 |
| STRT Strattec Security Corp. | Reduce -35.5% | 2.65% | +0.12 |
| DOUG Douglas Elliman Inc. | Reduce -13.0% | 3.07% | +0.53 |
| CIB Grupo Cibest SA-ADR | Reduce -3.9% | 7.63% | +0.93 |
Portfolio Buys Q1 2025 → Q2 2025
| AMLP Alerian MLP ETF | Add +41.2% | 7.75% | +2.09 |
| GOOGL Alphabet Inc. Class A | Add +40.6% | 5.24% | +2.07 |
| ADBE Adobe Inc. | New | 2.05% | +2.05 |
| BBD Banco Bradesco-ADR | Add +100.0% | 3.06% | +1.99 |
| AMPY Amplify Energy Corp. | New | 1.69% | +1.69 |
| SLB SLB Ltd. | New | 1.56% | +1.56 |
| ULBI Ultralife Corp. | New | 1.48% | +1.48 |
| LGCY Legacy Education Inc. | New | 1.45% | +1.45 |
| FAX Abrdn Asia-Pacific Income | Add +20.0% | 6.31% | +1.28 |
| EC Ecopetrol SA-Sponsored ADR | Add +83.3% | 3.22% | +1.21 |
| MGYR Magyar Bancorp Inc. | New | 1.03% | +1.03 |
| AXR Amrep Corp. | Add +129.1% | 1.58% | +0.94 |
| TSQ Townsquare Media Inc. Class A | New | 0.78% | +0.78 |
| GIFI Gulf Island Fabrication Inc. | New | 0.77% | +0.77 |
| CHCI Comstock Holding Companies | New | 0.76% | +0.76 |
| INFU Infusystem Holdings Inc. | New | 0.74% | +0.74 |
| DIBS 1STDIBS.COM Inc. | New | 0.73% | +0.73 |
| GPMT Granite Point Mortgage Trust | New | 0.65% | +0.65 |
| FRD Friedman Industries | Add +43.0% | 1.64% | +0.64 |
| PPIH Perma-Pipe International Hol | New | 0.62% | +0.62 |
| LCUT Lifetime Brands Inc. | New | 0.60% | +0.60 |
| AUBN Auburn Natl Bancorporation | New | 0.46% | +0.46 |
| HGBL Heritage Global Inc. | Add +41.6% | 1.35% | +0.44 |
| HOFT Hooker Furnishings Corp. | New | 0.41% | +0.41 |
| HNNA Hennessy Advisors Inc. | New | 0.37% | +0.37 |
| PETS Petmed Express Inc. | New | 0.26% | +0.26 |
| LESLIES INC | New | 0.19% | +0.19 |
Options Activity Q1 2025 → Q2 2025
| STATE STR SPDR S&P 500 ETF T | put | Add +170.0% | 270,000 | $166.8M |
| ENERGY TRANSFER L P | call | Reduce -10.0% | 450,000 | $8.2M |
| NEWMONT CORP | call | New | 100,000 | $5.8M |
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 | 46 | $158.6M | AMLP, KSPI, EOG, PAGS, CF |
| Q1 2026 | 43 | $163.2M | AMLP, EC, KSPI, AMPY, PAGS |
| Q4 2025 | 47 | $170.9M | CIB, AMLP, PAGS, AVAL, KSPI |
| Q3 2025 | 45 | $159.4M | CIB, AMLP, FAX, STNE, PAGS |
| Q2 2025 | 53 | $151.3M | AMLP, CIB, FAX, GOOGL, PAGS |
| Q1 2025 | 48 | $156.0M | BANCOLOMBIA S.A.-SPONS ADR, AMLP, FAX, KSPI, OPBK |
| Q4 2024 | 48 | $167.0M | BANCOLOMBIA S.A.-SPONS ADR, AMLP, OPBK, FAX, KSPI |