Union Square Park Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Union Square Park Capital Management, LLC reported 53 stock positions worth $114.3 million. Its top holding was Ridenow (RDNW) at 8.9% of the portfolio, followed by RH (RH, 8.0%) and Peloton Interactive Class A (PTON, 5.6%). Compared with Q4 2025, it opened 28 new positions, sold out of 17, added to 9 and reduced 7. The biggest buy was a new position in Nebius (NBIS) and the biggest sale an exit from Teladoc Health (TDOC).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001666231
- Portfolio Value
- $114.3M (Q1 2026)
- SEC Filing
- 0001172661-26-002236 ↗ filed May 15, 2026
Holdings Value
Holdings 53 stocks · $114.3M
| RDNW Ridenow Group Inc. | 8.85% | 1,432,821 | $10.1M | Reduce -9.7% |
| RH RH | 7.95% | 65,000 | $9.1M | Add +18.2% |
| PTON Peloton Interactive Inc. Class A | 5.63% | 1,500,000 | $6.4M | Add +36.4% |
| ESTA Establishment Labs Holdings | 5.22% | 105,000 | $6.0M | Add +16.7% |
| AIV Apartment Invt & Mgmt Co. Class A | 4.01% | 1,125,000 | $4.6M | Add +73.1% |
| ILPT Industrial Logistics Propert | 3.79% | 762,838 | $4.3M | Reduce -18.0% |
| COMP Compass Inc. Class A | 3.68% | 575,000 | $4.2M | Reduce -13.8% |
| LYFT LYFT Inc. Class A | 3.49% | 300,000 | $4.0M | Add +20.0% |
| ABNB Airbnb Inc. Class A | 3.32% | 30,000 | $3.8M | No change |
| SPWH Sportsman's Warehouse Holdin | 3.21% | 2,600,802 | $3.7M | Add +9.3% |
| NBIS Nebius Group NV | 2.72% | 30,000 | $3.1M | New |
| CTRI Centuri Holdings Inc. | 2.56% | 100,000 | $2.9M | No change |
| VRT Vertiv Holdings Co. Class A | 2.19% | 10,000 | $2.5M | New |
| AVGO Broadcom Inc. | 2.03% | 7,500 | $2.3M | Add +114.3% |
| ITA iShares U.S. Aerospace & Def | 1.91% | 10,000 | $2.2M | New |
| CZR Caesars Entertainment Inc. | 1.85% | 80,000 | $2.1M | Reduce -76.5% |
| AMZN Amazon.com Inc. | 1.82% | 10,000 | $2.1M | New |
| AMD Advanced Micro Devices | 1.78% | 10,000 | $2.0M | No change |
| NVRI Enviri Corp. | 1.72% | 100,000 | $2.0M | Reduce -44.4% |
| LION Lionsgate Studios Corp. | 1.68% | 200,000 | $1.9M | Reduce -33.3% |
| ANET Arista Networks Inc. | 1.61% | 15,000 | $1.8M | Add +50.0% |
| DDOG Datadog Inc. Class A | 1.55% | 15,000 | $1.8M | Add +100.0% |
| FCX Freeport-McMoran Inc. | 1.54% | 30,000 | $1.8M | New |
| MU Micron Technology Inc. | 1.48% | 5,000 | $1.7M | No change |
| MNRO Monro Inc. | 1.40% | 100,000 | $1.6M | New |
| TLN Talen Energy Corp. | 1.40% | 5,000 | $1.6M | No change |
| VST Vistra Corp. | 1.32% | 10,000 | $1.5M | No change |
| CORZ Core Scientific Inc. | 1.31% | 100,000 | $1.5M | New |
| NRG NRG Energy Inc. | 1.28% | 10,000 | $1.5M | No change |
| GOOG Alphabet Inc. Class C | 1.26% | 5,000 | $1.4M | New |
| CEG Constellation Energy | 1.22% | 5,000 | $1.4M | No change |
| DRS Leonardo DRS Inc. | 1.17% | 30,000 | $1.3M | New |
| AAPL Apple Inc. | 1.11% | 5,000 | $1.3M | New |
| LHX L3HARRIS Technologies Inc. | 1.06% | 3,500 | $1.2M | New |
| UAL United Airlines Holdings Inc. | 1.01% | 12,500 | $1.2M | New |
| SKY Champion Homes Inc. | 0.98% | 15,000 | $1.1M | New |
| AAL American Airlines Group Inc. | 0.94% | 100,000 | $1.1M | New |
| MHK Mohawk Industries Inc. | 0.86% | 10,000 | $985K | New |
| GNRC Generac Holdings Inc. | 0.85% | 5,000 | $977K | New |
| ONDS Ondas Inc. | 0.79% | 100,000 | $904K | New |
| JBLU Jetblue Airways Corp. | 0.77% | 200,000 | $884K | New |
| LEN Lennar Corp. Class A | 0.76% | 10,000 | $868K | New |
| JHX James Hardie Ind PLC | 0.75% | 45,000 | $852K | New |
| BLDR Builders Firstsource Inc. | 0.72% | 10,000 | $823K | New |
| GRBK Green Brick Partners Inc. | 0.56% | 10,000 | $645K | New |
| LASR Nlight Inc. | 0.50% | 10,000 | $570K | New |
| HOV Hovnanian Enterprises-A | 0.49% | 5,000 | $555K | New |
| LPTH Lightpath Technologies Inc. Class A | 0.44% | 50,000 | $502K | New |
| OPRT Oportun Financial Corp. | 0.40% | 100,000 | $461K | New |
| AVAV Aerovironment Inc. | 0.40% | 2,500 | $458K | New |
| MOG.A Moog Inc. Class A | 0.38% | 1,500 | $439K | New |
| FTHM Fathom Holdings Inc. | 0.17% | 362,879 | $192K | Reduce -4.9% |
| FLD Fold Holdings Inc. filed as FOLD HLDGS INC | 0.10% | 89,130 | $118K | No change |
Options reported separately and not counted above: SPY puts ($22.8M), HYG puts ($15.9M), QQQ puts ($11.5M), IWM puts ($11.2M), JBLU calls ($442K).
Portfolio Sells Q4 2025 → Q1 2026
| TDOC Teladoc Health Inc. | Sold out | 0.00% | −5.47 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −4.45 |
| CZR Caesars Entertainment Inc. | Reduce -76.5% | 1.85% | −4.37 |
| DBI Designer Brands Inc. Class A | Sold out | 0.00% | −2.90 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −2.01 |
| HGV Hilton Grand Vacations Inc. | Sold out | 0.00% | −1.92 |
| COMP Compass Inc. Class A | Reduce -13.8% | 3.68% | −1.83 |
| SSTK Shutterstock Inc. | Sold out | 0.00% | −1.64 |
| DELL Dell Technologies -C | Sold out | 0.00% | −1.48 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.29 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −1.28 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −1.09 |
| NTAP Netapp Inc. | Sold out | 0.00% | −1.05 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −1.03 |
| NVRI Enviri Corp. | Reduce -44.4% | 1.72% | −0.80 |
| GTEN Gores Holdings X Inc. Class A | Sold out | 0.00% | −0.80 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.76 |
| QUINCE THERAPEUTICS INC | Sold out | 0.00% | −0.59 |
| LION Lionsgate Studios Corp. | Reduce -33.3% | 1.68% | −0.46 |
| CTLP Cantaloupe Inc. | Sold out | 0.00% | −0.45 |
| GDEN Golden Entertainment Inc. | Sold out | 0.00% | −0.34 |
| ILPT Industrial Logistics Propert | Reduce -18.0% | 3.79% | −0.23 |
| FTHM Fathom Holdings Inc. | Reduce -4.9% | 0.17% | −0.13 |
| RDNW Ridenow Group Inc. | Reduce -9.7% | 8.85% | +2.00 |
Portfolio Buys Q4 2025 → Q1 2026
| NBIS Nebius Group NV | New | 2.72% | +2.72 |
| VRT Vertiv Holdings Co. Class A | New | 2.19% | +2.19 |
| ITA iShares U.S. Aerospace & Def | New | 1.91% | +1.91 |
| AMZN Amazon.com Inc. | New | 1.82% | +1.82 |
| FCX Freeport-McMoran Inc. | New | 1.54% | +1.54 |
| MNRO Monro Inc. | New | 1.40% | +1.40 |
| CORZ Core Scientific Inc. | New | 1.31% | +1.31 |
| GOOG Alphabet Inc. Class C | New | 1.26% | +1.26 |
| DRS Leonardo DRS Inc. | New | 1.17% | +1.17 |
| AAPL Apple Inc. | New | 1.11% | +1.11 |
| AVGO Broadcom Inc. | Add +114.3% | 2.03% | +1.08 |
| LHX L3HARRIS Technologies Inc. | New | 1.06% | +1.06 |
| UAL United Airlines Holdings Inc. | New | 1.01% | +1.01 |
| AIV Apartment Invt & Mgmt Co. Class A | Add +73.1% | 4.01% | +0.99 |
| SKY Champion Homes Inc. | New | 0.98% | +0.98 |
| AAL American Airlines Group Inc. | New | 0.94% | +0.94 |
| MHK Mohawk Industries Inc. | New | 0.86% | +0.86 |
| GNRC Generac Holdings Inc. | New | 0.85% | +0.85 |
| ONDS Ondas Inc. | New | 0.79% | +0.79 |
| JBLU Jetblue Airways Corp. | New | 0.77% | +0.77 |
| LEN Lennar Corp. Class A | New | 0.76% | +0.76 |
| DDOG Datadog Inc. Class A | Add +100.0% | 1.55% | +0.75 |
| JHX James Hardie Ind PLC | New | 0.75% | +0.75 |
| BLDR Builders Firstsource Inc. | New | 0.72% | +0.72 |
| ANET Arista Networks Inc. | Add +50.0% | 1.61% | +0.59 |
| GRBK Green Brick Partners Inc. | New | 0.56% | +0.56 |
| LASR Nlight Inc. | New | 0.50% | +0.50 |
| SPWH Sportsman's Warehouse Holdin | Add +9.3% | 3.21% | +0.49 |
| HOV Hovnanian Enterprises-A | New | 0.49% | +0.49 |
| LPTH Lightpath Technologies Inc. Class A | New | 0.44% | +0.44 |
| OPRT Oportun Financial Corp. | New | 0.40% | +0.40 |
| AVAV Aerovironment Inc. | New | 0.40% | +0.40 |
| MOG.A Moog Inc. Class A | New | 0.38% | +0.38 |
| PTON Peloton Interactive Inc. Class A | Add +36.4% | 5.63% | +0.34 |
| RH RH | Add +18.2% | 7.95% | +0.25 |
| ESTA Establishment Labs Holdings | Add +16.7% | 5.22% | +0.09 |
| LYFT LYFT Inc. Class A | Add +20.0% | 3.49% | −0.29 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -22.2% | 35,000 | $22.8M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 200,000 | $15.9M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -60.0% | 20,000 | $11.5M |
| IWM iShares Russell 2000 ETF | put | Add +125.0% | 45,000 | $11.2M |
| LYFT LYFT Inc. Class A | call | Sold out | 245,000 | $4.7Mbefore exit |
| ABNB Airbnb Inc. Class A | call | Sold out | 30,000 | $4.1Mbefore exit |
| COMP Compass Inc. Class A | call | Sold out | 300,000 | $3.2Mbefore exit |
| PYPL PayPal Holdings Inc. | call | Sold out | 30,000 | $1.8Mbefore exit |
| JBLU Jetblue Airways Corp. | call | New | 100,000 | $442K |
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 | 50 | $136.9M | RH, PTON, ESTA, RDNW, COMP |
| Q1 2026Amended | 53 | $114.3M | RDNW, RH, PTON, ESTA, AIV |
| Q4 2025 | 42 | $127.9M | RH, RDNW, CZR, COMP, TDOC |
| Q3 2025 | 44 | $141.9M | RH, COMP, CZR, RDNW, ESTA |
| Q2 2025 | 39 | $113.3M | RH, CZR, ESTA, ILPT, SPWH |
| Q1 2025 | 37 | $90.9M | RH, CZR, HGV, PTON, ESTA |
| Q4 2024 | 25 | $91.8M | RH, ESTA, HGV, RDNW, FND |
| Q3 2024 | 24 | $74.1M | RH, CZR, PTON, HGV, RDNW |
| Q2 2024 | 21 | $65.1M | CZR, RH, PTON, HGV, EXPE |
| Q1 2024Amended | 19 | $52.9M | HGV, GDEN, CZR, RH, EXPE |