Worth Venture Partners, LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Worth Venture Partners, LLC reported 29 stock positions worth $12.9 million . Its top holding was People (PPLI) at 23.7% of the portfolio, followed by Radcom (RDCM, 15.9% ) and Silicom (SILC, 10.7% ). Compared with Q4 2024, it opened 12 new positions, sold out of 16, added to 8 and reduced 3. The biggest buy was a new position in People (PPLI) and the biggest sale an exit from Arteris (AIP).
Location FORT LEE, NJ
CIK 0001696778
Portfolio Value $12.9M (Q1 2025) Holdings 29 stocks · $12.9M 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 Q4 2024 PPLI People Inc. filed as IAC INC 66,250 $3.0M New RDCM Radcom Ltd. 179,343 $2.0M Add +25.6% SILC Silicom Ltd. 92,139 $1.4M Add +15.9% TTGT Techtarget Inc. 47,376 $702K Add +71.7% THRY Thryv Holdings Inc. 42,103 $539K Add +39.2% CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 26,802 $518K New FORR Forrester Research Inc. 36,013 $333K New ALCO Alico Inc. 10,038 $300K Add +1.0% SPG Simon Property Group Inc. 1,650 $274K No change NOK Nokia Corp.-Spon ADR 50,000 $264K New ADTN Adtran Holdings Inc. 29,217 $255K No change OPRA Opera Ltd.-ADR 15,716 $251K Reduce -34.6% AIV Apartment Invt & Mgmt Co. Class A 27,600 $243K New PLYM Plymouth Industrial REIT Inc. 14,600 $238K No change AHRT Ah Realty Trust Inc. filed as ARMADA HOFFLER PPTYS INC 30,800 $231K Add +73.0% LAMR Lamar Advertising Co. Class A 2,000 $228K New STRW Strawberry Fields REIT Inc. 19,000 $226K Add +5.6% MGTX Meiragtx Holdings PLC 31,986 $217K New SRG Seritage Growth Prop- A 64,700 $209K No change HUDSON PAC PPTYS INC 68,500 $202K New KRG Kite Realty Group Trust 9,000 $201K No change AIOT Powerfleet Inc. 36,632 $201K Reduce -24.5% RBBN Ribbon Communications Inc. 50,564 $198K Add +11.0% BDN Brandywine Realty Trust 35,300 $157K New CAPR Capricor Therapeutics Inc. 16,345 $155K New VIAV Viavi Solutions Inc. 10,000 $112K New SQNS Sequans Communications S A 27,500 $58K No change CRNT Ceragon Networks Ltd. 20,000 $47K New PL Planet Labs PBC 10,000 $34K Reduce -20.0%
Other holdings (7): bonds, preferreds, convertibles and warrants · $39.8M (not counted above) Security Class Shares / Principal Value Change GUESS INC (GES 3.75 04/15/28) NOTE 3.750% 4/1 · principal 7,511,000 $7.0M New AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 6,500,000 $6.3M New SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 6,000,000 $6.0M New AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 6,000,000 $6.0M New UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 4,750,000 $5.8M New FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 4,500,000 $4.4M New MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal 3,500,000 $4.2M New
Total filed on the 13F, all lines: $52.6M.
Portfolio Sells Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ AIP Arteris Inc. Sold out 0.00% −8.89 ALAR Alarum Technologies Ltd.-ADR Sold out 0.00% −4.46 OPRA Opera Ltd.-ADR Reduce -34.6% 1.95% −2.54 WD Walker & Dunlop Inc. Sold out 0.00% −2.16 PLYA Playa Hotels & Resorts NV Sold out 0.00% −2.10 NBIS Nebius Group NV Sold out 0.00% −2.05 PPTA Perpetua Resources Corp. Sold out 0.00% −1.88 AVNW Aviat Networks Inc. Sold out 0.00% −1.83 AIOT Powerfleet Inc. Reduce -24.5% 1.56% −1.62 WULF Terawulf Inc. Sold out 0.00% −1.25 APPS Digital Turbine Inc. Sold out 0.00% −1.22 CAN Canaan Inc. Sold out 0.00% −0.81 INDI Indie Semiconductor Inc. Class A Sold out 0.00% −0.75 OPRX Optimizerx Corp. Sold out 0.00% −0.73 BTBT Bit Digital Inc. Sold out 0.00% −0.72 UAMY United States Antimony Corp. Sold out 0.00% −0.58 HL Hecla Mining Co. Sold out 0.00% −0.48 INVZ Innoviz Technologies Ltd. Sold out 0.00% −0.29 PL Planet Labs PBC Reduce -20.0% 0.26% −0.23
Portfolio Buys Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ PPLI People Inc. New 23.67% +23.67 CTO Cto Realty Growth Inc. New 4.03% +4.03 FORR Forrester Research Inc. New 2.59% +2.59 NOK Nokia Corp.-Spon ADR New 2.05% +2.05 AIV Apartment Invt & Mgmt Co. Class A New 1.89% +1.89 LAMR Lamar Advertising Co. Class A New 1.77% +1.77 MGTX Meiragtx Holdings PLC New 1.69% +1.69 HUDSON PAC PPTYS INC New 1.57% +1.57 BDN Brandywine Realty Trust New 1.22% +1.22 CAPR Capricor Therapeutics Inc. New 1.21% +1.21 VIAV Viavi Solutions Inc. New 0.87% +0.87 CRNT Ceragon Networks Ltd. New 0.37% +0.37 TTGT Techtarget Inc. Add +71.7% 5.46% +0.07 AHRT Ah Realty Trust Inc. Add +73.0% 1.80% +0.00 STRW Strawberry Fields REIT Inc. Add +5.6% 1.76% −0.11 ALCO Alico Inc. Add +1.0% 2.33% −0.21 THRY Thryv Holdings Inc. Add +39.2% 4.20% −0.22 RBBN Ribbon Communications Inc. Add +11.0% 1.54% −0.33 RDCM Radcom Ltd. Add +25.6% 15.95% −1.46 SILC Silicom Ltd. Add +15.9% 10.66% −2.11
Notes & Other Activity Q4 2024 → Q1 2025 Security Class Change vs Q4 2024 Shares / Principal Value ▼ GUESS INC (GES 3.75 04/15/28) NOTE 3.750% 4/1 · principal New 7,511,000 $7.0M AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal New 6,500,000 $6.3M SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal New 6,000,000 $6.0M AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal New 6,000,000 $6.0M UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal New 4,750,000 $5.8M FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal New 4,500,000 $4.4M MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal New 3,500,000 $4.2M
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 61 $20.1M GOSS, OPRA, CSR, NOK, INDI Q1 2026 52 $14.0M ALM, ADTN, VXX, CSR, CTO Q4 2025 52 $13.8M OPRA, ALM, CTO, ADTN, CSR Q3 2025 59 $20.8M RDCM, OPRA, SILC, ADTN, AIP Q2 2025 38 $12.1M RDCM, SILC, CTO, AIP, PGY Q1 2025 29 $12.9M PPLI, RDCM, SILC, TTGT, THRY Q4 2024 33 $10.1M RDCM, SILC, AIP, TTGT, OPRA Q3 2024 41 $13.3M RDCM, JNJ, AIP, WEAV, SILC Q2 2024 44 $12.8M JNJ, WEAV, ITI, PFE, RDCM Q1 2024 48 $14.3M JNJ, AIP, IHI, ITI, WEAV