Once Capital Management, LLC Long-Term Concentrated

Location: New York, NY

CIK: 0001712892 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 10, 2026

Total Value: $487M (100.0% shares, 0.0% debt)

Holdings (23)

NVDA NVIDIA CORPORATION 21.5%

Value $105M Shares 562,000 Share Price $186.50 Est. Cost/Share $97.88 Unrealized @ Report Date +90.5%

ASTS AST SPACEMOBILE INC 11.8%

Value $57.41M Shares 790,500 Share Price $72.63 Est. Cost/Share $17.01 Unrealized @ Report Date +327.1%

— APPLE INC 11.2%

Value $54.37M Shares 200,000 Share Price $271.86 Est. Cost/Share — Unrealized @ Report Date —

RKLB ROCKET LAB CORP 8.0%

Value $38.79M Shares 556,000 Share Price $69.76 Est. Cost/Share $25.04 Unrealized @ Report Date +178.6%

— MARVELL TECHNOLOGY INC 6.5%

Value $31.87M Shares 375,000 Share Price $84.98 Est. Cost/Share — Unrealized @ Report Date —

AMD ADVANCED MICRO DEVICES INC 5.5%

Value $26.83M Shares 125,300 Share Price $214.16 Est. Cost/Share $125.90 Unrealized @ Report Date +70.1%

CRWD CROWDSTRIKE HLDGS INC 4.9%

Value $23.91M Shares 51,000 Share Price $468.76 Est. Cost/Share $262.44 Unrealized @ Report Date +78.6%

SPOT SPOTIFY TECHNOLOGY S A 4.8%

Value $23.29M Shares 40,100 Share Price $580.71 Est. Cost/Share $221.85 Unrealized @ Report Date +161.8%

AAPL APPLE INC 4.5%

Value $21.99M Shares 80,900 Share Price $271.86 Est. Cost/Share $208.22 Unrealized @ Report Date +30.6%

SNOW SNOWFLAKE INC 3.5%

Value $16.87M Shares 76,900 Share Price $219.36 Est. Cost/Share $204.21 Unrealized @ Report Date +7.4%

AMZN AMAZON COM INC 3.4%

Value $16.34M Shares 70,800 Share Price $230.82 Est. Cost/Share $144.21 Unrealized @ Report Date +60.1%

MSFT MICROSOFT CORP 3.3%

Value $16.06M Shares 33,200 Share Price $483.62 Est. Cost/Share $327.45 Unrealized @ Report Date +47.7%

MRVL MARVELL TECHNOLOGY INC 3.2%

Value $15.45M Shares 181,800 Share Price $84.98 Est. Cost/Share $73.61 Unrealized @ Report Date +15.4%

TSLA TESLA INC 2.8%

Value $13.72M Shares 30,500 Share Price $449.72 Est. Cost/Share $331.54 Unrealized @ Report Date +35.6%

GBTC GRAYSCALE BITCOIN TRUST ETF 1.5%

Value $7.362M Shares 107,700 Share Price $68.36 Est. Cost/Share $42.88 Unrealized @ Report Date +59.4%

SMR NUSCALE PWR CORP 1.3%

Value $6.415M Shares 452,700 Share Price $14.17 Est. Cost/Share $23.59 Unrealized @ Report Date -39.9%

NOW SERVICENOW INC 1.1%

Value $5.4M Shares 35,250 Share Price $153.19 Est. Cost/Share $172.81 Unrealized @ Report Date -11.4%

— AST SPACEMOBILE INC 0.7%

Value $3.631M Shares 50,000 Share Price $72.63 Est. Cost/Share — Unrealized @ Report Date —

— VIRGIN GALACTIC HOLDINGS INC 0.2%

Value $963K Shares 300,000 Share Price $3.21 Est. Cost/Share — Unrealized @ Report Date —

UUUU ENERGY FUELS INC 0.2%

Value $872K Shares 60,000 Share Price $14.54 Est. Cost/Share $16.27 Unrealized @ Report Date -10.6%

BTC GRAYSCALE BITCOIN MINI TR ET 0.2%

Value $834K Shares 21,540 Share Price $38.73 Est. Cost/Share $36.81 Unrealized @ Report Date +5.2%

SYM SYMBOTIC INC 0.0%

Value $202K Shares 3,400 Share Price $59.50 Est. Cost/Share $58.29 Unrealized @ Report Date +2.1%

RR RICHTECH ROBOTICS INC 0.0%

Value $64,600 Shares 20,000 Share Price $3.23 Est. Cost/Share $2.63 Unrealized @ Report Date +22.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NVDA	NVIDIA CORPORATION	562,000	$105M	21.5%	$186.50	$97.88	+90.5%	COM	67066G104
ASTS	AST SPACEMOBILE INC	790,500	$57.41M	11.8%	$72.63	$17.01	+327.1%	COM CL A	00217D100
—	APPLE INC	200,000	$54.37M	11.2%	$271.86	—	—	Call	037833900
RKLB	ROCKET LAB CORP	556,000	$38.79M	8.0%	$69.76	$25.04	+178.6%	COM	773121108
—	MARVELL TECHNOLOGY INC	375,000	$31.87M	6.5%	$84.98	—	—	Call	573874904
AMD	ADVANCED MICRO DEVICES INC	125,300	$26.83M	5.5%	$214.16	$125.90	+70.1%	COM	007903107
CRWD	CROWDSTRIKE HLDGS INC	51,000	$23.91M	4.9%	$468.76	$262.44	+78.6%	CL A	22788C105
SPOT	SPOTIFY TECHNOLOGY S A	40,100	$23.29M	4.8%	$580.71	$221.85	+161.8%	SHS	L8681T102
AAPL	APPLE INC	80,900	$21.99M	4.5%	$271.86	$208.22	+30.6%	COM	037833100
SNOW	SNOWFLAKE INC	76,900	$16.87M	3.5%	$219.36	$204.21	+7.4%	COM SHS	833445109
AMZN	AMAZON COM INC	70,800	$16.34M	3.4%	$230.82	$144.21	+60.1%	COM	023135106
MSFT	MICROSOFT CORP	33,200	$16.06M	3.3%	$483.62	$327.45	+47.7%	COM	594918104
MRVL	MARVELL TECHNOLOGY INC	181,800	$15.45M	3.2%	$84.98	$73.61	+15.4%	COM	573874104
TSLA	TESLA INC	30,500	$13.72M	2.8%	$449.72	$331.54	+35.6%	COM	88160R101
GBTC	GRAYSCALE BITCOIN TRUST ETF	107,700	$7.362M	1.5%	$68.36	$42.88	+59.4%	SHS REP COM UT	389637109
SMR	NUSCALE PWR CORP	452,700	$6.415M	1.3%	$14.17	$23.59	-39.9%	CL A COM	67079K100
NOW	SERVICENOW INC	35,250	$5.4M	1.1%	$153.19	$172.81	-11.4%	COM	81762P102
—	AST SPACEMOBILE INC	50,000	$3.631M	0.7%	$72.63	—	—	Call	00217D900
—	VIRGIN GALACTIC HOLDINGS INC	300,000	$963K	0.2%	$3.21	—	—	Call	92766K903
UUUU	ENERGY FUELS INC	60,000	$872K	0.2%	$14.54	$16.27	-10.6%	COM NEW	292671708
BTC	GRAYSCALE BITCOIN MINI TR ET	21,540	$834K	0.2%	$38.73	$36.81	+5.2%	SHS NEW	389930207
SYM	SYMBOTIC INC	3,400	$202K	0.0%	$59.50	$58.29	+2.1%	CLASS A COM	87151X101
RR	RICHTECH ROBOTICS INC	20,000	$64,600	0.0%	$3.23	$2.63	+22.8%	CL B	765504105