Truffle Hound Capital, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Truffle Hound Capital, LLC reported 47 stock positions worth $170.9 million. Its top holding was Grupo Cibest SA-ADR (CIB) at 6.7% of the portfolio, followed by Alerian MLP ETF (AMLP, 6.6%) and Pagseguro Digital Class A (PAGS, 5.1%). Compared with Q3 2025, it opened 7 new positions, sold out of 5, added to 8 and reduced 6. The biggest buy was a new position in Pennantpark Floating Rate Ca (PFLT) and the biggest sale an exit from Invesco Currencyshares Japan (FXY).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0001595862
- Portfolio Value
- $170.9M (Q4 2025)
- SEC Filing
- 0001595862-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 47 stocks · $170.9M
| CIB Grupo Cibest SA-ADR | 6.70% | 180,000 | $11.4M | Reduce -21.7% |
| AMLP Alerian MLP ETF | 6.60% | 240,000 | $11.3M | No change |
| PAGS Pagseguro Digital Ltd. Class A | 5.08% | 900,000 | $8.7M | Add +20.0% |
| AVAL Grupo Aval Acciones Y Valore | 4.03% | 1,700,000 | $6.9M | No change |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 3.89% | 85,000 | $6.6M | No change |
| FAX Abrdn Asia-Pacific Income | 3.59% | 400,000 | $6.1M | Reduce -33.3% |
| STNE Stoneco Ltd. Class A | 3.46% | 400,000 | $5.9M | No change |
| AMPY Amplify Energy Corp. | 3.34% | 1,250,000 | $5.7M | Add +56.3% |
| BBD Banco Bradesco-ADR | 3.31% | 1,700,000 | $5.7M | No change |
| OPBK Op Bancorp | 3.31% | 400,000 | $5.6M | No change |
| PFLT Pennantpark Floating Rate Ca | 3.26% | 600,000 | $5.6M | New |
| EC Ecopetrol SA-Sponsored ADR | 3.23% | 550,000 | $5.5M | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 3.14% | 140,000 | $5.4M | No change |
| MSDL Morgan Stanley Direct Lendin | 3.09% | 320,000 | $5.3M | New |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 2.96% | 550,000 | $5.1M | New |
| AEO American Eagle Outfitters | 2.78% | 180,000 | $4.7M | Reduce -10.0% |
| GOOGL Alphabet Inc. Class A | 2.75% | 15,000 | $4.7M | Reduce -40.0% |
| CHCI Comstock Holding Companies | 2.38% | 350,000 | $4.1M | Add +34.0% |
| GIFI Gulf Island Fabrication Inc. | 2.25% | 320,884 | $3.8M | Add +28.4% |
| BCH Banco DE Chile-ADR | 2.22% | 100,000 | $3.8M | Reduce -33.3% |
| MGYR Magyar Bancorp Inc. | 2.02% | 200,000 | $3.5M | Add +23.1% |
| FRD Friedman Industries | 1.80% | 150,000 | $3.1M | No change |
| WHR Whirlpool Corp. | 1.69% | 40,000 | $2.9M | No change |
| DOUG Douglas Elliman Inc. | 1.66% | 1,200,000 | $2.8M | No change |
| AXR Amrep Corp. | 1.65% | 150,000 | $2.8M | No change |
| ADBE Adobe Inc. | 1.64% | 8,000 | $2.8M | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 1.49% | 50,000 | $2.5M | No change |
| BSET Bassett Furniture Inds | 1.47% | 150,000 | $2.5M | No change |
| DIBS 1STDIBS.COM Inc. | 1.40% | 400,000 | $2.4M | Reduce -33.3% |
| INFU Infusystem Holdings Inc. | 1.21% | 230,000 | $2.1M | No change |
| LGCY Legacy Education Inc. | 1.19% | 200,000 | $2.0M | No change |
| VIST Vista Energy Sab DE CV | 1.14% | 40,000 | $1.9M | No change |
| FONR Fonar Corp. | 0.98% | 90,000 | $1.7M | No change |
| HNNA Hennessy Advisors Inc. | 0.90% | 160,000 | $1.5M | Add +6.1% |
| NCSM NCS Multistage Holdings Inc. | 0.86% | 37,020 | $1.5M | New |
| ULBI Ultralife Corp. | 0.84% | 250,000 | $1.4M | No change |
| HGBL Heritage Global Inc. | 0.80% | 1,100,000 | $1.4M | No change |
| AUBN Auburn Natl Bancorporation | 0.79% | 50,000 | $1.3M | Add +7.3% |
| IAUX I-80 Gold Corp. | 0.77% | 900,000 | $1.3M | New |
| PPIH Perma-Pipe International Hol | 0.73% | 41,000 | $1.2M | No change |
| LTRX Lantronix Inc. | 0.69% | 200,000 | $1.2M | No change |
| GPMT Granite Point Mortgage Trust | 0.56% | 400,000 | $960K | No change |
| SND Smart Sand Inc. | 0.52% | 220,000 | $880K | New |
| ALTO Alto Ingredients Inc. | 0.51% | 300,000 | $864K | New |
| MBUU Malibu Boats Inc. Class A | 0.50% | 30,000 | $846K | Add +114.3% |
| LCUT Lifetime Brands Inc. | 0.46% | 200,000 | $790K | No change |
| HOFT Hooker Furnishings Corp. | 0.39% | 58,996 | $666K | No change |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($143.2M), ISHARES INC calls ($44.5M), ENERGY TRANSFER L P calls ($10.7M), SLB LIMITED calls ($9.6M), NEWMONT CORP calls ($5.0M).
Portfolio Sells Q3 2025 → Q4 2025
| FXY Invesco Currencyshares Japan | Sold out | 0.00% | −3.90 |
| FAX Abrdn Asia-Pacific Income | Reduce -33.3% | 3.59% | −2.54 |
| GOOGL Alphabet Inc. Class A | Reduce -40.0% | 2.75% | −1.06 |
| CIB Grupo Cibest SA-ADR | Reduce -21.7% | 6.70% | −0.79 |
| TEI Templeton Emrg MKTS Inc. | Sold out | 0.00% | −0.79 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.72 |
| TSQ Townsquare Media Inc. Class A | Sold out | 0.00% | −0.63 |
| BCH Banco DE Chile-ADR | Reduce -33.3% | 2.22% | −0.63 |
| PETS Petmed Express Inc. | Sold out | 0.00% | −0.19 |
| DIBS 1STDIBS.COM Inc. | Reduce -33.3% | 1.40% | +0.43 |
| AEO American Eagle Outfitters | Reduce -10.0% | 2.78% | +0.63 |
Portfolio Buys Q3 2025 → Q4 2025
| PFLT Pennantpark Floating Rate Ca | New | 3.26% | +3.26 |
| MSDL Morgan Stanley Direct Lendin | New | 3.09% | +3.09 |
| NMFC New Mountain Finance Corp. | New | 2.96% | +2.96 |
| GIFI Gulf Island Fabrication Inc. | Add +28.4% | 2.25% | +1.15 |
| NCSM NCS Multistage Holdings Inc. | New | 0.86% | +0.86 |
| IAUX I-80 Gold Corp. | New | 0.77% | +0.77 |
| AMPY Amplify Energy Corp. | Add +56.3% | 3.34% | +0.71 |
| SND Smart Sand Inc. | New | 0.52% | +0.52 |
| ALTO Alto Ingredients Inc. | New | 0.51% | +0.51 |
| PAGS Pagseguro Digital Ltd. Class A | Add +20.0% | 5.08% | +0.37 |
| MGYR Magyar Bancorp Inc. | Add +23.1% | 2.02% | +0.26 |
| MBUU Malibu Boats Inc. Class A | Add +114.3% | 0.50% | +0.21 |
| CHCI Comstock Holding Companies | Add +34.0% | 2.38% | +0.08 |
| AUBN Auburn Natl Bancorporation | Add +7.3% | 0.79% | −0.00 |
| HNNA Hennessy Advisors Inc. | Add +6.1% | 0.90% | −0.09 |
Options Activity Q3 2025 → Q4 2025
| STATE STR SPDR S&P 500 ETF T | put | Add +7.7% | 210,000 | $143.2M |
| ENERGY TRANSFER L P | call | Add +44.4% | 650,000 | $10.7M |
| NEWMONT CORP | call | Reduce -50.0% | 50,000 | $5.0M |
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 |