Tiptree Advisors, LLC Hedge Fund

CIK: 0001455452 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $173,408 (100.0% shares, 0.0% debt)

Holdings (20)

New Positions (5)

GLD SPDR GOLD TR 8.0%

Value ($000) $13,871 Shares 35,000 Est. Cost $396.31 Unrealized —

RKT ROCKET COS INC 7.3%

Value ($000) $12,578 Shares 649,700 Est. Cost $17.88 Unrealized 0.0%

OC OWENS CORNING NEW 3.9%

Value ($000) $6,715 Shares 60,000 Est. Cost $117.36 Unrealized 0.0%

FLG FLAGSTAR BANK NATIONAL ASSOC 3.3%

Value ($000) $5,666 Shares 450,000 Est. Cost $11.95 Unrealized 0.0%

MSCI MSCI INC 0.7%

Value ($000) $1,147 Shares 2,000 Est. Cost $559.99 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	35,000	$13,871	8.0%	$396.31	—	GOLD SHS	78463V107
RKT	ROCKET COS INC	649,700	$12,578	7.3%	$17.88	0.0%	COM CL A	77311W101
OC	OWENS CORNING NEW	60,000	$6,715	3.9%	$117.36	0.0%	COM	690742101
FLG	FLAGSTAR BANK NATIONAL ASSOC	450,000	$5,666	3.3%	$11.95	0.0%	COM NEW	649445400
MSCI	MSCI INC	2,000	$1,147	0.7%	$559.99	0.0%	COM	55354G100

Increased Positions (5)

SATS ECHOSTAR CORP 13.8%

Value ($000) $23,914 (+117.3%) Shares 220,000 (+52.7%) Est. Cost $43.38 Unrealized +87.7%

GOOGL ALPHABET INC 11.0%

Value ($000) $18,999 (+107.3%) Shares 60,700 (+61.0%) Est. Cost $216.37 Unrealized +32.0%

CSX CSX CORP 5.4%

Value ($000) $9,334 (+38.4%) Shares 257,500 (+35.5%) Est. Cost $34.40 Unrealized +3.8%

UBER UBER TECHNOLOGIES INC 5.4%

Value ($000) $9,397 (+12.8%) Shares 115,000 (+35.3%) Est. Cost $78.07 Unrealized +15.3%

CME CME GROUP INC 0.8%

Value ($000) $1,365 (+26.3%) Shares 5,000 (+25.0%) Est. Cost $270.04 Unrealized +0.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP	220,000 (+52.7%)	$23,914 (+117.3%)	13.8%	$43.38	+87.7%	CL A	278768106
GOOGL	ALPHABET INC	60,700 (+61.0%)	$18,999 (+107.3%)	11.0%	$216.37	+32.0%	CAP STK CL A	02079K305
CSX	CSX CORP	257,500 (+35.5%)	$9,334 (+38.4%)	5.4%	$34.40	+3.8%	COM	126408103
UBER	UBER TECHNOLOGIES INC	115,000 (+35.3%)	$9,397 (+12.8%)	5.4%	$78.07	+15.3%	COM	90353T100
CME	CME GROUP INC	5,000 (+25.0%)	$1,365 (+26.3%)	0.8%	$270.04	+0.3%	COM	12572Q105

Exited Positions (7)

IREN IREN LIMITED 6.0%

Value ($000) $10,325 Shares 220,000 Est. Cost $24.29 Unrealized +112.4%

— MR COOPER GROUP INC 4.6%

Value ($000) $7,947 Shares 37,700 Est. Cost $149.21 Unrealized —

CIFR CIPHER MINING INC 4.0%

Value ($000) $6,925 Shares 550,000 Est. Cost $6.37 Unrealized +177.2%

CORZ CORE SCIENTIFIC INC NEW 3.2%

Value ($000) $5,508 Shares 307,000 Est. Cost $11.15 Unrealized +56.4%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.1%

Value ($000) $5,445 Shares 10,830 Est. Cost $486.15 Unrealized +2.3%

HUT HUT 8 CORP 2.8%

Value ($000) $4,873 Shares 140,000 Est. Cost $25.41 Unrealized +73.4%

GAP GAP INC 2.1%

Value ($000) $3,707 Shares 173,300 Est. Cost $21.90 Unrealized +9.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IREN	IREN LIMITED	220,000	$10,325	6.0%	$24.29	+112.4%	—	Q4982L109
—	MR COOPER GROUP INC	37,700	$7,947	4.6%	$149.21	—	—	62482R107
CIFR	CIPHER MINING INC	550,000	$6,925	4.0%	$6.37	+177.2%	—	17253J106
CORZ	CORE SCIENTIFIC INC NEW	307,000	$5,508	3.2%	$11.15	+56.4%	—	21874A106
BRK/B	BERKSHIRE HATHAWAY INC DEL	10,830	$5,445	3.1%	$486.15	+2.3%	—	084670702
HUT	HUT 8 CORP	140,000	$4,873	2.8%	$25.41	+73.4%	—	44812J104
GAP	GAP INC	173,300	$3,707	2.1%	$21.90	+9.9%	—	364760108

Decreased Positions (3)

META META PLATFORMS INC 8.9%

Value ($000) $15,380 (-25.2%) Shares 23,300 (-16.8%) Est. Cost $607.38 Unrealized +9.9%

WAY WAYSTAR HLDG CORP 0.9%

Value ($000) $1,638 (-59.9%) Shares 50,000 (-53.5%) Est. Cost $39.29 Unrealized -9.3%

— GAMCO GLOBAL GOLD NAT RES & 0.2%

Value ($000) $261 (-67.0%) Shares 50,530 (-67.1%) Est. Cost $4.63 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	23,300 (-16.8%)	$15,380 (-25.2%)	8.9%	$607.38	+9.9%	CL A	30303M102
WAY	WAYSTAR HLDG CORP	50,000 (-53.5%)	$1,638 (-59.9%)	0.9%	$39.29	-9.3%	COM	946784105
—	GAMCO GLOBAL GOLD NAT RES &	50,530 (-67.1%)	$261 (-67.0%)	0.2%	$4.63	—	COM SH BEN INT	36465A109

Unchanged Positions (7)

BANC BANC OF CALIFORNIA INC 3.9%

Value ($000) $6,758 Shares 350,340 Est. Cost $15.12 Unrealized +18.1%

T AT&T INC 3.6%

Value ($000) $6,327 Shares 254,700 Est. Cost $25.43 Unrealized -0.6%

MSFT MICROSOFT CORP 7.0%

Value ($000) $12,091 Shares 25,000 Est. Cost $437.22 Unrealized +14.5%

KNTK KINETIK HOLDINGS INC 2.5%

Value ($000) $4,326 Shares 120,000 Est. Cost $55.01 Unrealized -34.3%

AMZN AMAZON COM INC 8.3%

Value ($000) $14,426 Shares 62,500 Est. Cost $204.58 Unrealized +11.8%

AD ARRAY DIGITAL INFRASTRUCTURE 4.4%

Value ($000) $7,684 Shares 143,300 Est. Cost $37.62 Unrealized +8.8%

MCO MOODYS CORP 0.9%

Value ($000) $1,533 Shares 3,000 Est. Cost $474.87 Unrealized +2.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BANC	BANC OF CALIFORNIA INC	350,340	$6,758	3.9%	$15.12	+18.1%	COM	05990K106
T	AT&T INC	254,700	$6,327	3.6%	$25.43	-0.6%	COM	00206R102
MSFT	MICROSOFT CORP	25,000	$12,091	7.0%	$437.22	+14.5%	COM	594918104
KNTK	KINETIK HOLDINGS INC	120,000	$4,326	2.5%	$55.01	-34.3%	COM NEW CL A	02215L209
AMZN	AMAZON COM INC	62,500	$14,426	8.3%	$204.58	+11.8%	COM	023135106
AD	ARRAY DIGITAL INFRASTRUCTURE	143,300	$7,684	4.4%	$37.62	+8.8%	COM	911684108
MCO	MOODYS CORP	3,000	$1,533	0.9%	$474.87	+2.6%	COM	615369105