One William Street Capital Management, L.P. Hedge Fund

CIK: 0001534300 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $745,437 (100.0% shares, 0.0% debt)

Holdings (8)

New Positions (4)

RSP INVESCO EXCHANGE TRADED FD T 3.9%

Value ($000) $28,734 Shares 150,000 Est. Cost $191.56 Unrealized —

IWM ISHARES TR 1.0%

Value ($000) $7,385 Shares 30,000 Est. Cost — Unrealized —

HYG ISHARES TR 0.5%

Value ($000) $4,032 Shares 50,000 Est. Cost $80.63 Unrealized —

GSBD GOLDMAN SACHS BDC INC 0.1%

Value ($000) $742 Shares 80,000 Est. Cost $9.81 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	150,000	$28,734	3.9%	$191.56	—	S&P500 EQL WGT	46137V357
IWM	ISHARES TR	30,000	$7,385	1.0%	—	—	PUT	464287655
HYG	ISHARES TR	50,000	$4,032	0.5%	$80.63	—	IBOXX HI YD ETF	464288513
GSBD	GOLDMAN SACHS BDC INC	80,000	$742	0.1%	$9.81	0.0%	SHS	38147U107

Increased Positions (3)

HYG ISHARES TR 93.3%

Value ($000) $695,353 (+155.7%) Shares 8,624,000 (+157.4%) Est. Cost $80.63 Unrealized —

FLG FLAGSTAR BANK NATIONAL ASSOC 0.7%

Value ($000) $5,036 (+112.7%) Shares 400,000 (+95.1%) Est. Cost $11.91 Unrealized +0.3%

TRTX TPG RE FIN TR INC 0.6%

Value ($000) $4,107 (+14.0%) Shares 476,961 (+13.4%) Est. Cost $8.57 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES TR	8,624,000 (+157.4%)	$695,353 (+155.7%)	93.3%	$80.63	—	PUT	464288513
FLG	FLAGSTAR BANK NATIONAL ASSOC	400,000 (+95.1%)	$5,036 (+112.7%)	0.7%	$11.91	+0.3%	COM NEW	649445400
TRTX	TPG RE FIN TR INC	476,961 (+13.4%)	$4,107 (+14.0%)	0.6%	$8.57	—	COM	87266M107

Exited Positions (3)

VCIT VANGUARD SCOTTSDALE FDS 0.8%

Value ($000) $6,031 Shares 71,700 Est. Cost $84.11 Unrealized —

— ANYWHERE REAL ESTATE INC 0.4%

Value ($000) $2,849 Shares 268,996 Est. Cost $3.37 Unrealized —

ADAM ADAMAS TRUST INC. 0.1%

Value ($000) $643 Shares 92,182 Est. Cost $6.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VCIT	VANGUARD SCOTTSDALE FDS	71,700	$6,031	0.8%	$84.11	—	—	92206C870
—	ANYWHERE REAL ESTATE INC	268,996	$2,849	0.4%	$3.37	—	—	75605Y106
ADAM	ADAMAS TRUST INC.	92,182	$643	0.1%	$6.97	—	—	649604840

Unchanged Positions (1)

NFE NEW FORTRESS ENERGY INC 0.0%

Value ($000) $49 Shares 42,564 Est. Cost $15.42 Unrealized -90.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFE	NEW FORTRESS ENERGY INC	42,564	$49	0.0%	$15.42	-90.4%	COM CL A	644393100