Whetstone Capital Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Whetstone Capital Advisors, LLC reported 32 stock positions worth $354.0 million. Its top holding was Dave (DAVE) at 21.0% of the portfolio, followed by Cloudflare Class A (NET, 17.5%) and Monday.com (MNDY, 7.0%). Compared with Q1 2025, it opened 10 new positions, sold out of 6, added to 10 and reduced 5. The biggest buy was a new position in Sera Prognostics Class A (SERA) and the biggest sale an exit from Okta (OKTA).
- Most Recent 13F
- Q2 2026
- Location
- SHAWNEE MISSION, KS
- CIK
- 0001607278
- Portfolio Value
- $354.0M (Q2 2025)
- SEC Filing
- 0001214659-25-012246 ↗ filed Aug 14, 2025
Holdings Value
Holdings 32 stocks · $354.0M
| DAVE Dave Inc. | 20.99% | 276,747 | $74.3M | Reduce -2.2% |
| NET Cloudflare Inc. Class A | 17.47% | 315,685 | $61.8M | Reduce -0.4% |
| MNDY Monday.com Ltd. | 7.03% | 79,172 | $24.9M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 6.53% | 130,373 | $23.1M | No change |
| AMZN Amazon.com Inc. | 5.78% | 93,240 | $20.5M | No change |
| OPRX Optimizerx Corp. | 5.75% | 1,508,303 | $20.4M | No change |
| TOST Toast Inc. Class A | 4.19% | 334,963 | $14.8M | No change |
| HCAT Health Catalyst Inc. | 3.97% | 3,731,350 | $14.1M | Add +118.8% |
| THRY Thryv Holdings Inc. | 3.62% | 1,053,468 | $12.8M | Add +61.4% |
| SERA Sera Prognostics Inc. Class A | 2.84% | 3,632,371 | $10.1M | New |
| GTLB Gitlab Inc. Class A | 2.45% | 192,532 | $8.7M | Add +63.5% |
| LPRO Open Lending Corp. | 2.40% | 4,371,704 | $8.5M | New |
| FRSH Freshworks Inc. Class A | 2.07% | 492,234 | $7.3M | New |
| OPRA Opera Ltd.-ADR | 1.98% | 370,472 | $7.0M | New |
| DKNG Draftkings Inc. Class A | 1.93% | 159,516 | $6.8M | Add +0.4% |
| BLZE Backblaze Inc. Class A | 1.86% | 1,194,879 | $6.6M | Add +71.4% |
| ZETA Zeta Global Holdings Corp. Class A | 1.82% | 416,867 | $6.5M | Add +12.4% |
| PRO Pros Holdings Inc. | 1.75% | 396,160 | $6.2M | No change |
| ASAN Asana Inc. Class A | 1.46% | 381,716 | $5.2M | No change |
| DSP Viant Technology Inc. Class A | 1.43% | 382,859 | $5.1M | Add +222.7% |
| ETOR Etoro Group Ltd. Class A | 0.65% | 34,562 | $2.3M | New |
| TRUE Truecar Inc. | 0.53% | 985,232 | $1.9M | New |
| BODI The Beachbody Co. Inc. filed as THE BEACHBODY COMPANY INC | 0.41% | 354,467 | $1.5M | Add +5.6% |
| KPLT Katapult Holdings Inc. | 0.34% | 151,245 | $1.2M | New |
| CBZ Cbiz Inc. | 0.23% | 11,385 | $816K | New |
| LAW CS Disco Inc. | 0.10% | 79,567 | $348K | Reduce -57.2% |
| UIS Unisys Corp. | 0.09% | 72,404 | $328K | Reduce -88.3% |
| GOOGL Alphabet Inc. Class A | 0.09% | 1,761 | $310K | No change |
| FERG Ferguson Enterprises Inc. | 0.06% | 1,017 | $221K | New |
| CG The Carlyle Group Inc. | 0.06% | 4,093 | $210K | New |
| OUT Outfront Media Inc. | 0.05% | 11,567 | $189K | Add +6.9% |
| KREF KKR Real Estate Finance Trus | 0.05% | 20,396 | $179K | Add +27.8% |
Portfolio Sells Q1 2025 → Q2 2025
| OKTA Okta Inc. | Sold out | 0.00% | −4.17 |
| RELY Remitly Global Inc. | Sold out | 0.00% | −2.86 |
| FIVN FIVE9 Inc. | Sold out | 0.00% | −2.43 |
| VYX NCR Voyix Corp. | Sold out | 0.00% | −2.18 |
| MNDY Monday.com Ltd. | Reduce -0.1% | 7.03% | −1.48 |
| UIS Unisys Corp. | Reduce -88.3% | 0.09% | −1.16 |
| DH Definitive Healthcare Corp. | Sold out | 0.00% | −1.11 |
| LAW CS Disco Inc. | Reduce -57.2% | 0.10% | −0.24 |
| FORGE GLOBAL HOLDINGS INC | Sold out | 0.00% | −0.09 |
| NET Cloudflare Inc. Class A | Reduce -0.4% | 17.47% | +1.68 |
| DAVE Dave Inc. | Reduce -2.2% | 20.99% | +10.65 |
Portfolio Buys Q1 2025 → Q2 2025
| SERA Sera Prognostics Inc. Class A | New | 2.84% | +2.84 |
| LPRO Open Lending Corp. | New | 2.40% | +2.40 |
| FRSH Freshworks Inc. Class A | New | 2.07% | +2.07 |
| OPRA Opera Ltd.-ADR | New | 1.98% | +1.98 |
| DSP Viant Technology Inc. Class A | Add +222.7% | 1.43% | +0.78 |
| ETOR Etoro Group Ltd. Class A | New | 0.65% | +0.65 |
| HCAT Health Catalyst Inc. | Add +118.8% | 3.97% | +0.56 |
| TRUE Truecar Inc. | New | 0.53% | +0.53 |
| BLZE Backblaze Inc. Class A | Add +71.4% | 1.86% | +0.37 |
| KPLT Katapult Holdings Inc. | New | 0.34% | +0.34 |
| CBZ Cbiz Inc. | New | 0.23% | +0.23 |
| FERG Ferguson Enterprises Inc. | New | 0.06% | +0.06 |
| CG The Carlyle Group Inc. | New | 0.06% | +0.06 |
| GTLB Gitlab Inc. Class A | Add +63.5% | 2.45% | +0.01 |
| OUT Outfront Media Inc. | Add +6.9% | 0.05% | −0.02 |
| KREF KKR Real Estate Finance Trus | Add +27.8% | 0.05% | −0.03 |
| THRY Thryv Holdings Inc. | Add +61.4% | 3.62% | −0.08 |
| ZETA Zeta Global Holdings Corp. Class A | Add +12.4% | 1.82% | −0.40 |
| DKNG Draftkings Inc. Class A | Add +0.4% | 1.93% | −0.40 |
| BODI The Beachbody Co. Inc. | Add +5.6% | 0.41% | −0.70 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 67 | $377.4M | DAVE, NET, GOOG, AMZN, FRMI |
| Q1 2026 | 54 | $265.8M | NET, DAVE, GOOG, AMZN, OPRX |
| Q4 2025 | 54 | $320.5M | DAVE, NET, GOOG, AMZN, OPRX |
| Q3 2025 | 56 | $361.1M | NET, DAVE, GOOG, OPRX, AMZN |
| Q2 2025 | 32 | $354.0M | DAVE, NET, MNDY, GOOG, AMZN |
| Q1 2025 | 28 | $226.3M | NET, DAVE, GOOG, MNDY, AMZN |
| Q4 2024 | 28 | $262.7M | NET, GOOG, DAVE, AMZN, MNDY |
| Q3 2024 | 37 | $207.5M | NET, MNDY, GOOG, AMZN, BLZE |
| Q2 2024 | 38 | $215.5M | NET, GOOG, MNDY, AMZN, PRO |
| Q1 2024 | 31 | $228.4M | NET, GOOG, MNDY, AMZN, BLZE |