Compass Rose Asset Management, LP Hedge Fund

Location: New York, NY

CIK: 0001758811 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 11, 2026

Total Value: $1.229B (87.6% shares, 12.4% debt)

Holdings (25)

SPY SPDR S&P 500 ETF TR 42.2%

Value $518M Shares 760,000 Est. Cost — Unrealized —

— ISHARES TR 13.1%

Value $161M Shares 2,000,000 Est. Cost — Unrealized —

— JD.COM INC 6.2%

Value $75.87M Shares 75,000,000 Est. Cost $1.05 Unrealized —

CMCSA COMCAST CORP NEW 5.7%

Value $70M Shares 2,500,000 Est. Cost $28.53 Unrealized 0.0%

— PG&E CORP 4.2%

Value $51.25M Shares 50,000,000 Est. Cost $1.04 Unrealized —

NFLX NETFLIX INC 3.8%

Value $46.88M Shares 500,000 Est. Cost — Unrealized —

KVUE KENVUE INC 2.8%

Value $34.5M Shares 2,000,000 Est. Cost $16.89 Unrealized -3.7%

— SPDR SERIES TRUST 2.8%

Value $34.05M Shares 1,000,000 Est. Cost — Unrealized —

KMB KIMBERLY-CLARK CORP 2.5%

Value $30.27M Shares 300,000 Est. Cost $108.41 Unrealized 0.0%

KVUE KENVUE INC 2.4%

Value $29.24M Shares 1,695,000 Est. Cost $16.89 Unrealized -3.7%

— AMERICAN WTR CAP CORP 2.0%

Value $24.93M Shares 25,000,000 Est. Cost $1.02 Unrealized —

WBD WARNER BROS DISCOVERY INC 1.9%

Value $23.34M Shares 809,800 Est. Cost $13.62 Unrealized +71.6%

KMB KIMBERLY-CLARK CORP 1.6%

Value $19.77M Shares 196,000 Est. Cost $108.41 Unrealized 0.0%

KWEB KRANESHARES TRUST 1.5%

Value $18.73M Shares 550,000 Est. Cost $34.05 Unrealized —

CMCSA COMCAST CORP NEW 1.3%

Value $15.39M Shares 515,000 Est. Cost $28.53 Unrealized 0.0%

BLCO BAUSCH PLUS LOMB CORP 1.3%

Value $15.37M Shares 900,000 Est. Cost $16.07 Unrealized -1.3%

SUZ SUZANO S A 1.2%

Value $14.94M Shares 1,600,000 Est. Cost $9.38 Unrealized —

UPS UNITED PARCEL SERVICE INC 0.8%

Value $10.32M Shares 104,000 Est. Cost $92.75 Unrealized 0.0%

KHC KRAFT HEINZ CO 0.8%

Value $9.7M Shares 400,000 Est. Cost $26.49 Unrealized -7.0%

AERO GRUPO AEROMEXICO SAB DE CV 0.7%

Value $8.021M Shares 365,269 Est. Cost $21.96 Unrealized —

BMA BANCO MACRO SA 0.5%

Value $6.437M Shares 71,390 Est. Cost $90.16 Unrealized —

AIG AMERICAN INTL GROUP INC 0.4%

Value $5.219M Shares 61,000 Est. Cost $79.68 Unrealized 0.0%

KREF KKR REAL ESTATE FIN TR INC 0.2%

Value $2.754M Shares 335,000 Est. Cost $8.22 Unrealized —

— BOEING CO 0.1%

Value $1.562M Shares 22,624 Est. Cost $69.06 Unrealized —

OPTU OPTIMUM COMMUNICATIONS INC 0.1%

Value $825K Shares 500,000 Est. Cost $2.27 Unrealized -10.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	760,000	$518M	42.2%	—	—	Call	78462F103
—	ISHARES TR	2,000,000	$161M	13.1%	—	—	Put	464288953
—	JD.COM INC	75,000,000	$75.87M	6.2%	$1.05	—	NOTE 0.250% 6/0	47215PAJ5
CMCSA	COMCAST CORP NEW	2,500,000	$70M	5.7%	$28.53	0.0%	Call	20030N101
—	PG&E CORP	50,000,000	$51.25M	4.2%	$1.04	—	NOTE 4.250%12/0	69331CAL2
NFLX	NETFLIX INC	500,000	$46.88M	3.8%	—	—	Call	64110L106
KVUE	KENVUE INC	2,000,000	$34.5M	2.8%	$16.89	-3.7%	Call	49177J102
—	SPDR SERIES TRUST	1,000,000	$34.05M	2.8%	—	—	Call	500767906
KMB	KIMBERLY-CLARK CORP	300,000	$30.27M	2.5%	$108.41	0.0%	Call	494368103
KVUE	KENVUE INC	1,695,000	$29.24M	2.4%	$16.89	-3.7%	COM	49177J102
—	AMERICAN WTR CAP CORP	25,000,000	$24.93M	2.0%	$1.02	—	NOTE 3.625% 6/1	03040WBE4
WBD	WARNER BROS DISCOVERY INC	809,800	$23.34M	1.9%	$13.62	+71.6%	Call	934423104
KMB	KIMBERLY-CLARK CORP	196,000	$19.77M	1.6%	$108.41	0.0%	COM	494368103
KWEB	KRANESHARES TRUST	550,000	$18.73M	1.5%	$34.05	—	CSI CHI INTERNET	500767306
CMCSA	COMCAST CORP NEW	515,000	$15.39M	1.3%	$28.53	0.0%	CL A	20030N101
BLCO	BAUSCH PLUS LOMB CORP	900,000	$15.37M	1.3%	$16.07	-1.3%	COMMON SHARES	071705107
SUZ	SUZANO S A	1,600,000	$14.94M	1.2%	$9.38	—	SPON ADS	86959K105
UPS	UNITED PARCEL SERVICE INC	104,000	$10.32M	0.8%	$92.75	0.0%	CL B	911312106
KHC	KRAFT HEINZ CO	400,000	$9.7M	0.8%	$26.49	-7.0%	COM	500754106
AERO	GRUPO AEROMEXICO SAB DE CV	365,269	$8.021M	0.7%	$21.96	—	SPONSORED ADS	40054J109
BMA	BANCO MACRO SA	71,390	$6.437M	0.5%	$90.16	—	SPON ADR B	05961W105
AIG	AMERICAN INTL GROUP INC	61,000	$5.219M	0.4%	$79.68	0.0%	COM NEW	026874784
KREF	KKR REAL ESTATE FIN TR INC	335,000	$2.754M	0.2%	$8.22	—	COM	48251K100
—	BOEING CO	22,624	$1.562M	0.1%	$69.06	—	DEP CONV PFD A	097023204
OPTU	OPTIMUM COMMUNICATIONS INC	500,000	$825K	0.1%	$2.27	-10.5%	CL A	02156K103