Location: San Francisco, CA
CIK: 0001351407 · Show all filings
Period: Q4 2025 (← Previous) (Next →)
Filing Date: Feb 17, 2026
Total Value: $932M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| CRCL | CIRCLE INTERNET GROUP INC | 1,335,000 | $106M | 11.4% | — | — | Put | 172573107 |
| COIN | COINBASE GLOBAL INC | 400,000 | $90.46M | 9.7% | — | — | Put | 19260Q107 |
| MSTR | STRATEGY INC | 300,000 | $45.59M | 4.9% | — | — | Put | 594972408 |
| BMNR | BITMINE IMMERSION TECNOLOGIE | 1,500,000 | $40.73M | 4.4% | — | — | Put | 09175A206 |
| CRWV | COREWEAVE INC | 550,000 | $39.39M | 4.2% | — | — | Put | 21873S108 |
| IBIT | ISHARES BITCOIN TRUST ETF | 700,000 | $34.76M | 3.7% | — | — | Call | 46438F101 |
| HCI | HCI GROUP INC | 160,000 | $30.67M | 3.3% | $188.36 | 0.0% | COM | 40416E103 |
| TH | TARGET HOSPITALITY CORP | 3,304,424 | $26.47M | 2.8% | $7.86 | -3.5% | COM | 87615L107 |
| USAU | U S GOLD CORP | 1,209,624 | $23.48M | 2.5% | $12.49 | +36.8% | COM NEW | 90291C201 |
| GM | GENERAL MTRS CO | 254,590 | $20.7M | 2.2% | $70.40 | 0.0% | COM | 37045V100 |
| AIG | AMERICAN INTL GROUP INC | 230,300 | $19.7M | 2.1% | $79.68 | 0.0% | Call | 026874784 |
| — | PINNACLE FINL PARTNERS INC | 206,171 | $19.67M | 2.1% | $95.41 | — | COM | 72346Q104 |
| MCHB | MECHANICS BANCORP | 1,319,486 | $19.3M | 2.1% | $12.96 | +7.3% | CL A | 43785V102 |
| AIG | AMERICAN INTL GROUP INC | 219,361 | $18.77M | 2.0% | $79.68 | 0.0% | COM NEW | 026874784 |
| HUT | HUT 8 CORP | 400,000 | $18.38M | 2.0% | — | — | Put | 44812J104 |
| XZO | EXZEO GROUP INC | 710,000 | $17.22M | 1.8% | $19.02 | 0.0% | COM SHS | 30234F101 |
| APLD | APPLIED DIGITAL CORP | 700,000 | $17.16M | 1.8% | — | — | Put | 038169207 |
| DB | DEUTSCHE BANK A G | 436,262 | $16.82M | 1.8% | $34.18 | +5.6% | NAMEN AKT | D18190898 |
| BFH | BREAD FINANCIAL HOLDINGS INC | 191,939 | $14.21M | 1.5% | $65.65 | 0.0% | COM | 018581108 |
| EZPW | EZCORP INC | 719,529 | $13.97M | 1.5% | $18.85 | 0.0% | CL A NON VTG | 302301106 |
| HG | HAMILTON INSURANCE GROUP LTD | 495,283 | $13.82M | 1.5% | $21.07 | +23.2% | CL B | G42706104 |
| HIG | HARTFORD INSURANCE GROUP INC | 99,471 | $13.71M | 1.5% | $131.57 | 0.0% | COM | 416515104 |
| BWIN | THE BALDWIN INSURANCE GRP IN | 556,299 | $13.37M | 1.4% | $25.47 | 0.0% | COM CL A | 05589G102 |
| TREE | LENDINGTREE INC NEW | 251,459 | $13.35M | 1.4% | $53.09 | — | COM | 52603B107 |
| MP | MP MATERIALS CORP | 260,000 | $13.14M | 1.4% | $25.52 | +148.4% | Call | 553368101 |
| SKY | CHAMPION HOMES INC | 155,425 | $13.13M | 1.4% | $70.62 | +11.6% | COM | 830830105 |
| AFG | AMERICAN FINL GROUP INC OHIO | 91,610 | $12.52M | 1.3% | $129.47 | +3.2% | COM | 025932104 |
| XYZ | BLOCK INC | 183,743 | $11.96M | 1.3% | $68.98 | 0.0% | CL A | 852234103 |
| CUBI | CUSTOMERS BANCORP INC | 162,129 | $11.85M | 1.3% | $50.66 | +35.4% | COM | 23204G100 |
| GATX | GATX CORP | 68,837 | $11.67M | 1.3% | $149.72 | +9.8% | COM | 361448103 |
| BLSH | BULLISH | 300,000 | $11.36M | 1.2% | $50.47 | -3.5% | Put | G16910120 |
| IREN | IREN LIMITED | 300,000 | $11.33M | 1.2% | — | — | Put | Q4982L109 |
| KKR | KKR & CO INC | 78,563 | $10.02M | 1.1% | $131.78 | -5.7% | COM | 48251W104 |
| TPG | TPG INC | 155,699 | $9.94M | 1.1% | $59.03 | -0.0% | COM CL A | 872657101 |
| FUTU | FUTU HLDGS LTD | 60,000 | $9.853M | 1.1% | $173.91 | — | SPON ADS CL A | 36118L106 |
| CARS | CARS COM INC | 751,671 | $9.17M | 1.0% | $11.63 | 0.0% | COM | 14575E105 |
| TOST | TOAST INC | 257,848 | $9.156M | 1.0% | $36.05 | 0.0% | CL A | 888787108 |
| HOOD | ROBINHOOD MKTS INC | 78,889 | $8.922M | 1.0% | $109.05 | +19.3% | COM CL A | 770700102 |
| OZK | BANK OZK LITTLE ROCK ARK | 189,226 | $8.708M | 0.9% | $46.27 | 0.0% | COM | 06417N103 |
| ENVA | ENOVA INTL INC | 50,311 | $7.909M | 0.8% | $130.16 | 0.0% | COM | 29357K103 |
| ARR | ARMOUR RESIDENTIAL REIT INC | 434,709 | $7.69M | 0.8% | $14.94 | — | COM SHS | 042315705 |
| COF | CAPITAL ONE FINL CORP | 27,643 | $6.7M | 0.7% | $222.19 | 0.0% | COM | 14040H105 |
| ONEW | ONEWATER MARINE INC | 614,605 | $6.65M | 0.7% | $15.20 | -12.2% | CL A COM | 68280L101 |
| NNI | NELNET INC | 46,910 | $6.237M | 0.7% | $130.83 | 0.0% | CL A | 64031N108 |
| COLB | COLUMBIA BKG SYS INC | 215,468 | $6.022M | 0.6% | $24.85 | +8.1% | COM | 197236102 |
| PFSI | PENNYMAC FINL SVCS INC NEW | 43,787 | $5.773M | 0.6% | $107.45 | +18.0% | COM | 70932M107 |
| FRMI | FERMI INC | 677,866 | $5.423M | 0.6% | $19.51 | 0.0% | COM | 314911108 |
| BLSH | BULLISH | 125,000 | $4.734M | 0.5% | $50.47 | -3.5% | ORD SHS | G16910120 |
| SUNS | SUNRISE RLTY TR INC | 440,628 | $4.155M | 0.4% | $11.06 | — | COM | 867981102 |
| AZ | A2Z CUST2MATE SOLUTIONS CORP | 625,352 | $4.071M | 0.4% | $8.70 | -26.1% | COM | 002205102 |
| NP | NEPTUNE INS HLDGS INC | 125,000 | $3.645M | 0.4% | $26.30 | 0.0% | CL A | 64073B103 |
| SOC | SABLE OFFSHORE CORP | 328,081 | $2.959M | 0.3% | $9.44 | 0.0% | COM SHS | 78574H104 |
| LEGH | LEGACY HOUSING CORP | 134,227 | $2.62M | 0.3% | $21.42 | 0.0% | COM | 52472M101 |
| PAR | PAR TECHNOLOGY CORP | 69,100 | $2.507M | 0.3% | $36.08 | 0.0% | COM | 698884103 |
| NODK | NI HLDGS INC | 157,719 | $2.098M | 0.2% | $15.23 | -11.4% | COM | 65342T106 |
| SKBL | SKYLINE BLDRS GROUP HLDG LTD | 608,753 | $1.79M | 0.2% | $2.89 | +3.9% | SHS CL A | G8193D104 |
| TNGX | TANGO THERAPEUTICS INC | 33,291 | $295K | 0.0% | $8.62 | 0.0% | COM | 87583X109 |
| NFE | NEW FORTRESS ENERGY INC | 209,964 | $239K | 0.0% | $5.78 | -74.5% | COM CL A | 644393100 |