Woodson Capital Management, LP In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Woodson Capital Management, LP reported 28 stock positions worth $647.6 million . Its top holding was Amer Sports (AS) at 8.7% of the portfolio, followed by Tapestry (TPR, 7.2% ) and Reddit Class A (RDDT, 7.0% ). Compared with Q3 2025, it opened 10 new positions, sold out of 6, added to 10 and reduced 8. The biggest buy was a new position in Tesla (TSLA) and the biggest sale an exit from Garmin (GRMN).
Location Greenwich, CT
CIK 0001697848
Portfolio Value $647.6M (Q4 2025) Holdings 28 stocks · $647.6M 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 Q3 2025 AS Amer Sports Inc. 1,500,000 $56.0M Add +87.5% TPR Tapestry Inc. 365,000 $46.6M Add +1.4% RDDT Reddit Inc. Class A 198,000 $45.5M Add +65.0% XYZ Block Inc. 690,000 $44.9M Add +53.3% SG Sweetgreen Inc. Class A 6,000,000 $40.6M Add +220.0% AMZN Amazon.com Inc. 175,000 $40.4M Add +34.6% REAL The Realreal Inc. filed as THE REALREAL INC 2,500,000 $39.5M Reduce -28.6% TSLA Tesla Inc. 69,420 $31.2M New LUXE Luxexperience BV 3,600,000 $30.1M Add +6.3% COCO The Vita Coco Co. Inc. 560,000 $29.7M Reduce -36.4% ESTA Establishment Labs Holdings 375,000 $27.3M Reduce -21.9% GOOGL Alphabet Inc. Class A 80,000 $25.0M New GPI Group 1 Automotive Inc. 61,500 $24.2M Add +2.5% AER Aercap Holdings NV 155,000 $22.3M Add +9.1% SAM Boston Beer Company Inc. Class A 100,000 $19.5M New QXO Qxo Inc. 850,000 $16.4M New U Unity Software Inc. 360,000 $15.9M Reduce -37.4% BLDR Builders Firstsource Inc. 142,000 $14.6M Add +2.2% GPGI Gpgi Inc. filed as COMPOSECURE INC 740,000 $14.3M Reduce -50.7% TDUP Thredup Inc. Class A 1,800,000 $11.5M New WWW Wolverine World Wide Inc. 600,000 $10.9M Reduce -26.8% FOR Forestar Group Inc. 430,000 $10.6M Reduce -31.2% AFRM Affirm Holdings Inc. 130,000 $9.7M New LULU Lululemon Athletica Inc. 43,500 $9.0M New YOU Clear Secure Inc. Class A 129,031 $4.5M New FLUT Flutter Entertainment PLC-Di 20,000 $4.3M New REAL BROKERAGE INC/THE filed as THE REAL BROKERAGE INC 500,000 $1.8M New RHLD Resolute Holdings Manag 5,900 $1.2M Reduce -82.1%
Options reported separately and not counted above: TSLA calls ($28.2M), SIRI puts ($24.0M), TPR calls ($19.2M), COCO calls ($2.7M).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ GRMN Garmin Ltd. Sold out 0.00% −4.74 GPGI Gpgi Inc. Reduce -50.7% 2.20% −3.80 SBUX Starbucks Corp. Sold out 0.00% −2.93 URBN Urban Outfitters Inc. Sold out 0.00% −2.75 WWW Wolverine World Wide Inc. Reduce -26.8% 1.68% −2.65 COCO The Vita Coco Co. Inc. Reduce -36.4% 4.58% −2.60 U Unity Software Inc. Reduce -37.4% 2.46% −1.97 FOXF Fox Factory Holding Corp. Sold out 0.00% −1.96 FOR Forestar Group Inc. Reduce -31.2% 1.64% −1.56 REAL The Realreal Inc. Reduce -28.6% 6.09% −1.06 DMRC Digimarc Corp. Sold out 0.00% −0.47 SOUN Soundhound AI Inc. Class A Sold out 0.00% −0.37 RHLD Resolute Holdings Manag Reduce -82.1% 0.19% −0.27 ESTA Establishment Labs Holdings Reduce -21.9% 4.22% +0.44
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ TSLA Tesla Inc. New 4.82% +4.82 GOOGL Alphabet Inc. Class A New 3.87% +3.87 SG Sweetgreen Inc. Class A Add +220.0% 6.26% +3.39 AS Amer Sports Inc. Add +87.5% 8.65% +3.31 SAM Boston Beer Company Inc. Class A New 3.01% +3.01 QXO Qxo Inc. New 2.53% +2.53 TDUP Thredup Inc. Class A New 1.78% +1.78 RDDT Reddit Inc. Class A Add +65.0% 7.03% +1.72 AFRM Affirm Holdings Inc. New 1.49% +1.49 LULU Lululemon Athletica Inc. New 1.40% +1.40 AMZN Amazon.com Inc. Add +34.6% 6.24% +0.75 YOU Clear Secure Inc. Class A New 0.70% +0.70 XYZ Block Inc. Add +53.3% 6.94% +0.68 FLUT Flutter Entertainment PLC-Di New 0.66% +0.66 REAL BROKERAGE INC/THE New 0.28% +0.28 AER Aercap Holdings NV Add +9.1% 3.44% +0.13 TPR Tapestry Inc. Add +1.4% 7.20% −0.64 LUXE Luxexperience BV Add +6.3% 4.64% −0.89 BLDR Builders Firstsource Inc. Add +2.2% 2.26% −0.99 GPI Group 1 Automotive Inc. Add +2.5% 3.74% −1.31
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ TSLA Tesla Inc. call New 62,700 $28.2M SIRI Sirius XM Holdings Inc. put New 1,200,000 $24.0M TPR Tapestry Inc. call Reduce -30.2% 150,000 $19.2M SG Sweetgreen Inc. Class A call Sold out 500,000 $4.0Mbefore exit COCO The Vita Coco Co. Inc. call Reduce -73.5% 50,000 $2.7M
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 26 $597.4M RDDT, XYZ, SG, AS, REAL Q1 2026 28 $618.1M AS, RDDT, AMZN, TPR, XYZ Q4 2025 28 $647.6M AS, TPR, RDDT, XYZ, SG Q3 2025 24 $519.9M TPR, COCO, REAL, XYZ, GPGI Q2 2025 26 $557.3M TPR, RDDT, AMZN, COCO, AS Q1 2025 23 $437.9M TPR, AMZN, RDDT, REAL, AS Q4 2024 28 $528.0M TPR, REAL, RDDT, URBN, AMZN Q3 2024 33 $459.2M TPR, GPI, URBN, XYZ, BLDR Q2 2024 36 $511.2M GPI, TPR, RYAAY, URBN, GOOGL Q1 2024 37 $547.4M RYAAY, GPI, TPR, GOOGL, URBN