VR Advisory Services Ltd Diversified Active

CIK: 0001348145 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 18, 2026

Total Value ($000): $631,823 (100.0% shares, 0.0% debt)

Holdings (37)

New Positions (5)

AERO GRUPO AEROMEXICO SAB DE CV 17.4%

Value ($000) $109,728 Shares 4,996,720 Est. Cost $21.96 Unrealized —

LULU LULULEMON ATHLETICA INC 3.9%

Value ($000) $24,522 Shares 118,000 Est. Cost $181.15 Unrealized 0.0%

TDS TELEPHONE & DATA SYS INC 3.7%

Value ($000) $23,493 Shares 573,005 Est. Cost $38.95 Unrealized 0.0%

LTH LIFE TIME GROUP HOLDINGS INC 3.0%

Value ($000) $19,024 Shares 715,732 Est. Cost $26.03 Unrealized 0.0%

JEF JEFFERIES FINL GROUP INC 1.1%

Value ($000) $6,739 Shares 108,747 Est. Cost $56.69 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AERO	GRUPO AEROMEXICO SAB DE CV	4,996,720	$109,728	17.4%	$21.96	—	SPONSORED ADS	40054J109
LULU	LULULEMON ATHLETICA INC	118,000	$24,522	3.9%	$181.15	0.0%	COM	550021109
TDS	TELEPHONE & DATA SYS INC	573,005	$23,493	3.7%	$38.95	0.0%	COM NEW	879433829
LTH	LIFE TIME GROUP HOLDINGS INC	715,732	$19,024	3.0%	$26.03	0.0%	COMMON STOCK	53190C102
JEF	JEFFERIES FINL GROUP INC	108,747	$6,739	1.1%	$56.69	0.0%	COM	47233W109

Increased Positions (4)

AER AERCAP HOLDINGS NV 4.6%

Value ($000) $28,752 (+116.0%) Shares 200,000 (+81.8%) Est. Cost $99.93 Unrealized +32.5%

CORZ CORE SCIENTIFIC INC NEW 4.7%

Value ($000) $29,614 (+36.2%) Shares 2,033,954 (+67.9%) Est. Cost $15.79 Unrealized +10.5%

GPRK GEOPARK LTD 1.3%

Value ($000) $8,190 (+447.8%) Shares 1,105,201 (+370.9%) Est. Cost $7.34 Unrealized -0.3%

HEPS D MARKET ELECTR SVCS & TRADI 6.5%

Value ($000) $40,853 (-4.7%) Shares 16,472,821 (+3.3%) Est. Cost $2.83 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AER	AERCAP HOLDINGS NV	200,000 (+81.8%)	$28,752 (+116.0%)	4.6%	$99.93	+32.5%	SHS	N00985106
CORZ	CORE SCIENTIFIC INC NEW	2,033,954 (+67.9%)	$29,614 (+36.2%)	4.7%	$15.79	+10.5%	COM	21874A106
GPRK	GEOPARK LTD	1,105,201 (+370.9%)	$8,190 (+447.8%)	1.3%	$7.34	-0.3%	USD SHS	G38327105
HEPS	D MARKET ELECTR SVCS & TRADI	16,472,821 (+3.3%)	$40,853 (-4.7%)	6.5%	$2.83	—	SPONSORED ADS	23292B104

Exited Positions (4)

AL AIR LEASE CORP 3.8%

Value ($000) $23,869 Shares 375,000 Est. Cost $36.67 Unrealized +73.7%

— INDIVIOR PLC 0.8%

Value ($000) $4,822 Shares 199,997 Est. Cost $9.85 Unrealized —

RILY B. RILEY FINANCIAL INC 0.0%

Value ($000) $231 Shares 52,000 Est. Cost $3.07 Unrealized +61.1%

PSEWF PAYSAFE LIMITED 0.0%

Value ($000) $2 Shares 132,285 Est. Cost $4.33 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AL	AIR LEASE CORP	375,000	$23,869	3.8%	$36.67	+73.7%	—	00912X302
—	INDIVIOR PLC	199,997	$4,822	0.8%	$9.85	—	—	G4766E116
RILY	B. RILEY FINANCIAL INC	52,000	$231	0.0%	$3.07	+61.1%	—	05580M108
PSEWF	PAYSAFE LIMITED	132,285	$2	0.0%	$4.33	—	—	G6964L115

Decreased Positions (5)

YPF YPF SOCIEDAD ANONIMA 18.5%

Value ($000) $116,847 (+33.4%) Shares 3,231,396 (-10.4%) Est. Cost $17.76 Unrealized —

PUMP PROPETRO HLDG CORP 1.3%

Value ($000) $8,247 (-57.2%) Shares 867,149 (-76.4%) Est. Cost $6.39 Unrealized +36.1%

PAM PAMPA ENERGIA S A 3.3%

Value ($000) $20,547 (+25.8%) Shares 232,138 (-14.7%) Est. Cost $25.69 Unrealized —

ECO OKEANIS ECO TANKERS COR 1.4%

Value ($000) $8,706 (-15.3%) Shares 257,282 (-26.5%) Est. Cost $29.09 Unrealized +16.6%

CRESY CRESUD S A C I F Y A 1.4%

Value ($000) $8,750 (+7.3%) Shares 692,830 (-21.8%) Est. Cost $11.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
YPF	YPF SOCIEDAD ANONIMA	3,231,396 (-10.4%)	$116,847 (+33.4%)	18.5%	$17.76	—	SPON ADR CL D	984245100
PUMP	PROPETRO HLDG CORP	867,149 (-76.4%)	$8,247 (-57.2%)	1.3%	$6.39	+36.1%	COM	74347M108
PAM	PAMPA ENERGIA S A	232,138 (-14.7%)	$20,547 (+25.8%)	3.3%	$25.69	—	SPONS ADR LVL I	697660207
ECO	OKEANIS ECO TANKERS COR	257,282 (-26.5%)	$8,706 (-15.3%)	1.4%	$29.09	+16.6%	SHS	Y64177101
CRESY	CRESUD S A C I F Y A	692,830 (-21.8%)	$8,750 (+7.3%)	1.4%	$11.09	—	SPONSORED ADR	226406106

Unchanged Positions (23)

IRS IRSA INVERSIONES Y REP S A 7.0%

Value ($000) $44,163 Shares 2,670,087 Est. Cost $9.28 Unrealized —

VIST VISTA ENERGY S.A.B. DE C.V. 2.8%

Value ($000) $17,939 Shares 368,652 Est. Cost $34.40 Unrealized —

KSPI KASPI KZ JSC 13.3%

Value ($000) $84,175 Shares 1,077,369 Est. Cost $111.32 Unrealized —

TGS TRANSPORTADORA DE GAS SUR 1.0%

Value ($000) $6,066 Shares 195,115 Est. Cost $10.31 Unrealized —

HSDT SOLANA CO 0.3%

Value ($000) $1,680 Shares 581,310 Est. Cost $9.16 Unrealized -27.9%

NBR NABORS INDUSTRIES LTD 1.2%

Value ($000) $7,319 Shares 134,789 Est. Cost $74.73 Unrealized -34.8%

NEM NEWMONT CORP 0.9%

Value ($000) $5,510 Shares 55,187 Est. Cost $69.39 Unrealized +30.0%

SOLZ VOLATILITY SHS TR 0.1%

Value ($000) $739 Shares 58,000 Est. Cost $22.12 Unrealized —

PBF PBF ENERGY INC 0.7%

Value ($000) $4,636 Shares 170,945 Est. Cost $28.24 Unrealized +13.4%

VEON VEON LTD 0.8%

Value ($000) $5,266 Shares 100,166 Est. Cost $44.36 Unrealized —

SOUNW SOUNDHOUND AI INC 0.0%

Value ($000) $87 Shares 25,000 Est. Cost $0.12 Unrealized —

FLDDW FOLD HLDGS INC 0.0%

Value ($000) $29 Shares 187,500 Est. Cost $0.74 Unrealized —

BKKT/WS BAKKT HOLDINGS INC 0.0%

Value ($000) $25 Shares 150,000 Est. Cost $2.17 Unrealized —

AENTW ALLIANCE ENTERTAINMENT HOLDI 0.0%

Value ($000) $85 Shares 100,000 Est. Cost $0.05 Unrealized —

BKSY/WS BLACKSKY TECHNOLOGY INC 0.0%

Value ($000) $7 Shares 130,600 Est. Cost $0.60 Unrealized —

PGYWW PAGAYA TECHNOLOGIES LTD 0.0%

Value ($000) $21 Shares 66,666 Est. Cost $0.20 Unrealized —

KIDZW CLASSOVER HLDGS INC 0.0%

Value ($000) $2 Shares 150,000 Est. Cost $0.08 Unrealized —

SLND/WS SOUTHLAND HLDGS INC 0.0%

Value ($000) $6 Shares 75,000 Est. Cost $0.45 Unrealized —

— ASPIRE BIOPHARMA HLDGS INC 0.0%

Value ($000) $13 Shares 97,391 Est. Cost $0.27 Unrealized —

PSQH/WS PSQ HOLDINGS INC 0.0%

Value ($000) $5 Shares 53,333 Est. Cost $1.39 Unrealized —

ASBPW ASPIRE BIOPHARMA HLDGS INC 0.0%

Value ($000) $2 Shares 99,692 Est. Cost $0.04 Unrealized —

SPWRW SUNPOWER INC 0.0%

Value ($000) $9 Shares 37,500 Est. Cost $0.16 Unrealized —

NIOBW NIOCORP DEVS LTD 0.0%

Value ($000) $29 Shares 15,356 Est. Cost $0.70 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IRS	IRSA INVERSIONES Y REP S A	2,670,087	$44,163	7.0%	$9.28	—	SPON GDS ECH 10	450047303
VIST	VISTA ENERGY S.A.B. DE C.V.	368,652	$17,939	2.8%	$34.40	—	SPONSORED ADS	92837L109
KSPI	KASPI KZ JSC	1,077,369	$84,175	13.3%	$111.32	—	SPONSORED ADS	48581R205
TGS	TRANSPORTADORA DE GAS SUR	195,115	$6,066	1.0%	$10.31	—	SPONSORED ADS B	893870204
HSDT	SOLANA CO	581,310	$1,680	0.3%	$9.16	-27.9%	COM CL A NEW	42328V876
NBR	NABORS INDUSTRIES LTD	134,789	$7,319	1.2%	$74.73	-34.8%	SHS	G6359F137
NEM	NEWMONT CORP	55,187	$5,510	0.9%	$69.39	+30.0%	COM	651639106
SOLZ	VOLATILITY SHS TR	58,000	$739	0.1%	$22.12	—	SOLANA ETF	92864M822
PBF	PBF ENERGY INC	170,945	$4,636	0.7%	$28.24	+13.4%	CL A	69318G106
VEON	VEON LTD	100,166	$5,266	0.8%	$44.36	—	SPONSORED ADS	91822M502
SOUNW	SOUNDHOUND AI INC	25,000	$87	0.0%	$0.12	—	*W EXP 04/26/202	836100115
FLDDW	FOLD HLDGS INC	187,500	$29	0.0%	$0.74	—	*W EXP 02/14/203	29103K118
BKKT/WS	BAKKT HOLDINGS INC	150,000	$25	0.0%	$2.17	—	*W EXP 10/25/202	05759B115
AENTW	ALLIANCE ENTERTAINMENT HOLDI	100,000	$85	0.0%	$0.05	—	*W EXP 02/10/202	01861F110
BKSY/WS	BLACKSKY TECHNOLOGY INC	130,600	$7	0.0%	$0.60	—	*W EXP 09/09/202	09263B116
PGYWW	PAGAYA TECHNOLOGIES LTD	66,666	$21	0.0%	$0.20	—	*W EXP 99/99/999	M7S64L107
KIDZW	CLASSOVER HLDGS INC	150,000	$2	0.0%	$0.08	—	*W EXP 04/03/203	182744110
SLND/WS	SOUTHLAND HLDGS INC	75,000	$6	0.0%	$0.45	—	*W EXP 02/14/202	84445C118
—	ASPIRE BIOPHARMA HLDGS INC	97,391	$13	0.0%	$0.27	—	COM	738920107
PSQH/WS	PSQ HOLDINGS INC	53,333	$5	0.0%	$1.39	—	*W EXP 07/19/202	693691115
ASBPW	ASPIRE BIOPHARMA HLDGS INC	99,692	$2	0.0%	$0.04	—	*W EXP 02/14/203	738920115
SPWRW	SUNPOWER INC	37,500	$9	0.0%	$0.16	—	*W EXP 07/31/202	20460L112
NIOBW	NIOCORP DEVS LTD	15,356	$29	0.0%	$0.70	—	*W EXP 03/17/202	654484153