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 Share Price $681.92 Est. Cost/Share $498.07 Unrealized @ Report Date +36.9%

IVV ISHARES TR 37.1%

Value $144M Shares 210,500 Share Price $684.94 Est. Cost/Share $616.49 Unrealized @ Report Date +11.1%

SPY SPDR S&P 500 ETF TR 13.5%

Value $52.61M Shares 150,000 Share Price $350.71 * Est. Cost/Share $498.07 Unrealized @ Report Date +36.9%

OPER ETF SER SOLUTIONS 0.5%

Value $2.001M Shares 20,000 Share Price $100.03 Est. Cost/Share $100.19 Unrealized @ Report Date -0.2%

GOOGL ALPHABET INC 0.2%

Value $695K Shares 2,220 Share Price $313.00 Est. Cost/Share $180.70 Unrealized @ Report Date +73.2%

AAPL APPLE INC 0.1%

Value $263K Shares 967 Share Price $271.86 Est. Cost/Share $225.58 Unrealized @ Report Date +20.5%

PM PHILIP MORRIS INTL INC 0.1%

Value $218K Shares 1,360 Share Price $160.40 Est. Cost/Share $136.99 Unrealized @ Report Date +17.1%

SPGI S&P GLOBAL INC 0.1%

Value $216K Shares 414 Share Price $522.59 Est. Cost/Share $507.58 Unrealized @ Report Date +3.0%

FE FIRSTENERGY CORP 0.1%

Value $215K Shares 4,800 Share Price $44.77 Est. Cost/Share $42.11 Unrealized @ Report Date +6.3%

CRM SALESFORCE INC 0.1%

Value $208K Shares 786 Share Price $264.91 Est. Cost/Share $248.17 Unrealized @ Report Date +6.7%

V VISA INC 0.1%

Value $207K Shares 591 Share Price $350.71 Est. Cost/Share $336.32 Unrealized @ Report Date +4.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	275,000	$188M	48.3%	$681.92	$498.07	+36.9%	TR UNIT	78462F103
IVV	ISHARES TR	210,500	$144M	37.1%	$684.94	$616.49	+11.1%	CORE S&P500 ETF	464287200
SPY	SPDR S&P 500 ETF TR	150,000	$52.61M	13.5%	$350.71 *	$498.07	+36.9%	Put	78462F103
OPER	ETF SER SOLUTIONS	20,000	$2.001M	0.5%	$100.03	$100.19	-0.2%	CLEARSHS ULTRA	26922A453
GOOGL	ALPHABET INC	2,220	$695K	0.2%	$313.00	$180.70	+73.2%	CAP STK CL A	02079K305
AAPL	APPLE INC	967	$263K	0.1%	$271.86	$225.58	+20.5%	COM	037833100
PM	PHILIP MORRIS INTL INC	1,360	$218K	0.1%	$160.40	$136.99	+17.1%	COM	718172109
SPGI	S&P GLOBAL INC	414	$216K	0.1%	$522.59	$507.58	+3.0%	COM	78409V104
FE	FIRSTENERGY CORP	4,800	$215K	0.1%	$44.77	$42.11	+6.3%	COM	337932107
CRM	SALESFORCE INC	786	$208K	0.1%	$264.91	$248.17	+6.7%	COM	79466L302
V	VISA INC	591	$207K	0.1%	$350.71	$336.32	+4.3%	COM CL A	92826C839