Pine Ridge Advisers LLC Long-Term Concentrated

Location: New York, NY

CIK: 0001845915 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $1.677B (100.0% shares, 0.0% debt)

Holdings (38)

SPY SPDR S&P 500 ETF TR 33.5%

Value $562M Shares 823,461 Est. Cost $457.87 Unrealized —

— SPDR S&P 500 ETF TR 13.5%

Value $226M Shares 331,000 Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 6.6%

Value $111M Shares 2,227,380 Est. Cost $41.77 Unrealized —

IVV ISHARES TR 5.5%

Value $92.48M Shares 135,026 Est. Cost $383.90 Unrealized —

VO VANGUARD INDEX FDS 5.3%

Value $88.84M Shares 306,122 Est. Cost $245.03 Unrealized —

QQQ INVESCO QQQ TR 5.2%

Value $87.67M Shares 142,716 Est. Cost $374.01 Unrealized —

IJH ISHARES TR 4.3%

Value $71.83M Shares 1,088,350 Est. Cost $88.86 Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 3.8%

Value $63.6M Shares 834,367 Est. Cost $62.06 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 3.7%

Value $61.49M Shares 984,266 Est. Cost $47.90 Unrealized —

IJR ISHARES TR 2.5%

Value $41.38M Shares 344,276 Est. Cost $107.73 Unrealized —

GLD SPDR GOLD TR 1.7%

Value $28.23M Shares 71,225 Est. Cost $178.82 Unrealized —

VTI VANGUARD INDEX FDS 1.6%

Value $26.61M Shares 79,379 Est. Cost $286.76 Unrealized —

IEFA ISHARES TR 1.5%

Value $24.68M Shares 275,902 Est. Cost $65.65 Unrealized —

SMH VANECK ETF TRUST 1.5%

Value $24.55M Shares 68,165 Est. Cost $207.76 Unrealized —

AESI ATLAS ENERGY SOLUTIONS INC 1.0%

Value $17.37M Shares 1,844,036 Est. Cost $14.85 Unrealized -31.9%

BITB BITWISE BITCOIN ETF TR 1.0%

Value $16M Shares 336,325 Est. Cost $38.71 Unrealized —

GOOG ALPHABET INC 0.9%

Value $15.06M Shares 48,000 Est. Cost $109.48 Unrealized +161.5%

RSP INVESCO EXCHANGE TRADED FD T 0.9%

Value $14.46M Shares 75,471 Est. Cost $180.92 Unrealized —

GOOGL ALPHABET INC 0.8%

Value $13.39M Shares 42,780 Est. Cost $108.73 Unrealized +162.7%

VWO VANGUARD INTL EQUITY INDEX F 0.8%

Value $12.58M Shares 234,077 Est. Cost $44.46 Unrealized —

OTF BLUE OWL TECHNOLOGY FIN CORP 0.4%

Value $7.435M Shares 511,364 Est. Cost $13.83 Unrealized -1.2%

AAPL APPLE INC 0.4%

Value $7.423M Shares 27,305 Est. Cost $184.49 Unrealized +45.5%

AMZN AMAZON COM INC 0.4%

Value $7.335M Shares 31,780 Est. Cost $140.94 Unrealized +62.3%

JPM JPMORGAN CHASE & CO. 0.4%

Value $6.928M Shares 21,500 Est. Cost $98.14 Unrealized +215.4%

META META PLATFORMS INC 0.4%

Value $6.756M Shares 10,235 Est. Cost $445.94 Unrealized +49.6%

IWM ISHARES TR 0.4%

Value $6.406M Shares 26,022 Est. Cost $180.98 Unrealized —

ROIV ROIVANT SCIENCES LTD 0.4%

Value $6.001M Shares 276,530 Est. Cost $10.96 Unrealized +80.0%

MSFT MICROSOFT CORP 0.3%

Value $4.599M Shares 9,510 Est. Cost $345.84 Unrealized +44.7%

VNQ VANGUARD INDEX FDS 0.3%

Value $4.569M Shares 51,629 Est. Cost $85.88 Unrealized —

INTC INTEL CORP 0.2%

Value $4.134M Shares 112,045 Est. Cost $32.23 Unrealized +17.1%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.2%

Value $3.774M Shares 5 Est. Cost $428128.38 Unrealized +74.3%

ASML ASML HOLDING N V 0.2%

Value $3.236M Shares 3,025 Est. Cost $801.39 Unrealized —

VOO VANGUARD INDEX FDS 0.2%

Value $3.183M Shares 5,075 Est. Cost $500.13 Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 0.2%

Value $3.078M Shares 41,848 Est. Cost $60.53 Unrealized —

TSLA TESLA INC 0.1%

Value $2.408M Shares 5,355 Est. Cost $264.79 Unrealized +67.4%

VXUS VANGUARD STAR FDS 0.0%

Value $549K Shares 7,271 Est. Cost $63.81 Unrealized —

IWV ISHARES TR 0.0%

Value $419K Shares 1,083 Est. Cost $220.68 Unrealized —

AGG ISHARES TR 0.0%

Value $354K Shares 3,543 Est. Cost $99.20 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	823,461	$562M	33.5%	$457.87	—	TR UNIT	78462F103
—	SPDR S&P 500 ETF TR	331,000	$226M	13.5%	—	—	Call	78462F903
IBIT	ISHARES BITCOIN TRUST ETF	2,227,380	$111M	6.6%	$41.77	—	SHS BEN INT	46438F101
IVV	ISHARES TR	135,026	$92.48M	5.5%	$383.90	—	CORE S&P500 ETF	464287200
VO	VANGUARD INDEX FDS	306,122	$88.84M	5.3%	$245.03	—	MID CAP ETF	922908629
QQQ	INVESCO QQQ TR	142,716	$87.67M	5.2%	$374.01	—	UNIT SER 1	46090E103
IJH	ISHARES TR	1,088,350	$71.83M	4.3%	$88.86	—	CORE S&P MCP ETF	464287507
FBTC	FIDELITY WISE ORIGIN BITCOIN	834,367	$63.6M	3.8%	$62.06	—	SHS	315948109
VEA	VANGUARD TAX-MANAGED FDS	984,266	$61.49M	3.7%	$47.90	—	VAN FTSE DEV MKT	921943858
IJR	ISHARES TR	344,276	$41.38M	2.5%	$107.73	—	CORE S&P SCP ETF	464287804
GLD	SPDR GOLD TR	71,225	$28.23M	1.7%	$178.82	—	GOLD SHS	78463V107
VTI	VANGUARD INDEX FDS	79,379	$26.61M	1.6%	$286.76	—	TOTAL STK MKT	922908769
IEFA	ISHARES TR	275,902	$24.68M	1.5%	$65.65	—	CORE MSCI EAFE	46432F842
SMH	VANECK ETF TRUST	68,165	$24.55M	1.5%	$207.76	—	SEMICONDUCTR ETF	92189F676
AESI	ATLAS ENERGY SOLUTIONS INC	1,844,036	$17.37M	1.0%	$14.85	-31.9%	COM NEW	642045108
BITB	BITWISE BITCOIN ETF TR	336,325	$16M	1.0%	$38.71	—	SHS BEN INT	09174C104
GOOG	ALPHABET INC	48,000	$15.06M	0.9%	$109.48	+161.5%	CAP STK CL C	02079K107
RSP	INVESCO EXCHANGE TRADED FD T	75,471	$14.46M	0.9%	$180.92	—	S&P500 EQL WGT	46137V357
GOOGL	ALPHABET INC	42,780	$13.39M	0.8%	$108.73	+162.7%	CAP STK CL A	02079K305
VWO	VANGUARD INTL EQUITY INDEX F	234,077	$12.58M	0.8%	$44.46	—	FTSE EMR MKT ETF	922042858
OTF	BLUE OWL TECHNOLOGY FIN CORP	511,364	$7.435M	0.4%	$13.83	-1.2%	COMMON STOCK	095924106
AAPL	APPLE INC	27,305	$7.423M	0.4%	$184.49	+45.5%	COM	037833100
AMZN	AMAZON COM INC	31,780	$7.335M	0.4%	$140.94	+62.3%	COM	023135106
JPM	JPMORGAN CHASE & CO.	21,500	$6.928M	0.4%	$98.14	+215.4%	COM	46625H100
META	META PLATFORMS INC	10,235	$6.756M	0.4%	$445.94	+49.6%	CL A	30303M102
IWM	ISHARES TR	26,022	$6.406M	0.4%	$180.98	—	RUSSELL 2000 ETF	464287655
ROIV	ROIVANT SCIENCES LTD	276,530	$6.001M	0.4%	$10.96	+80.0%	SHS	G76279101
MSFT	MICROSOFT CORP	9,510	$4.599M	0.3%	$345.84	+44.7%	COM	594918104
VNQ	VANGUARD INDEX FDS	51,629	$4.569M	0.3%	$85.88	—	REAL ESTATE ETF	922908553
INTC	INTEL CORP	112,045	$4.134M	0.2%	$32.23	+17.1%	COM	458140100
BRK/A	BERKSHIRE HATHAWAY INC DEL	5	$3.774M	0.2%	$428128.38	+74.3%	CL A	084670108
ASML	ASML HOLDING N V	3,025	$3.236M	0.2%	$801.39	—	N Y REGISTRY SHS	N07059210
VOO	VANGUARD INDEX FDS	5,075	$3.183M	0.2%	$500.13	—	S&P 500 ETF SHS	922908363
VEU	VANGUARD INTL EQUITY INDEX F	41,848	$3.078M	0.2%	$60.53	—	ALLWRLD EX US	922042775
TSLA	TESLA INC	5,355	$2.408M	0.1%	$264.79	+67.4%	COM	88160R101
VXUS	VANGUARD STAR FDS	7,271	$549K	0.0%	$63.81	—	VG TL INTL STK F	921909768
IWV	ISHARES TR	1,083	$419K	0.0%	$220.68	—	RUSSELL 3000 ETF	464287689
AGG	ISHARES TR	3,543	$354K	0.0%	$99.20	—	CORE US AGGBD ET	464287226