Teramo Advisors, LLC Hedge Fund

Location: Naples, FL

CIK: 0001904821 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 6, 2026

Total Value: $388M (100.0% shares, 0.0% debt)

Holdings (11)

SPY SPDR S&P 500 ETF TR 48.3%

Value $188M Shares 275,000 Est. Cost $503.08 Unrealized —

IVV ISHARES TR 37.1%

Value $144M Shares 210,500 Est. Cost $645.88 Unrealized —

SPY SPDR S&P 500 ETF TR 13.5%

Value $52.61M Shares 150,000 Est. Cost $503.08 Unrealized —

OPER ETF SER SOLUTIONS 0.5%

Value $2.001M Shares 20,000 Est. Cost $100.13 Unrealized —

GOOGL ALPHABET INC 0.2%

Value $695K Shares 2,220 Est. Cost $180.70 Unrealized +58.1%

AAPL APPLE INC 0.1%

Value $263K Shares 967 Est. Cost $225.58 Unrealized +19.0%

PM PHILIP MORRIS INTL INC 0.1%

Value $218K Shares 1,360 Est. Cost $136.99 Unrealized +12.1%

SPGI S&P GLOBAL INC 0.1%

Value $216K Shares 414 Est. Cost $507.58 Unrealized -2.6%

FE FIRSTENERGY CORP 0.1%

Value $215K Shares 4,800 Est. Cost $42.11 Unrealized +8.6%

CRM SALESFORCE INC 0.1%

Value $208K Shares 786 Est. Cost $248.17 Unrealized 0.0%

V VISA INC 0.1%

Value $207K Shares 591 Est. Cost $336.32 Unrealized +1.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	275,000	$188M	48.3%	$503.08	—	TR UNIT	78462F103
IVV	ISHARES TR	210,500	$144M	37.1%	$645.88	—	CORE S&P500 ETF	464287200
SPY	SPDR S&P 500 ETF TR	150,000	$52.61M	13.5%	$503.08	—	Put	78462F103
OPER	ETF SER SOLUTIONS	20,000	$2.001M	0.5%	$100.13	—	CLEARSHS ULTRA	26922A453
GOOGL	ALPHABET INC	2,220	$695K	0.2%	$180.70	+58.1%	CAP STK CL A	02079K305
AAPL	APPLE INC	967	$263K	0.1%	$225.58	+19.0%	COM	037833100
PM	PHILIP MORRIS INTL INC	1,360	$218K	0.1%	$136.99	+12.1%	COM	718172109
SPGI	S&P GLOBAL INC	414	$216K	0.1%	$507.58	-2.6%	COM	78409V104
FE	FIRSTENERGY CORP	4,800	$215K	0.1%	$42.11	+8.6%	COM	337932107
CRM	SALESFORCE INC	786	$208K	0.1%	$248.17	0.0%	COM	79466L302
V	VISA INC	591	$207K	0.1%	$336.32	+1.2%	COM CL A	92826C839