TRB Advisors LP Diversified Active

CIK: 0001513300 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 9, 2026

Total Value ($000): $426,959 (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (3)

GOOGL ALPHABET INC 2.2%

Value ($000) $9,390 Shares 30,000 Est. Cost $285.60 Unrealized 0.0%

CVNA CARVANA CO 0.5%

Value ($000) $2,306 Shares 5,465 Est. Cost $371.73 Unrealized 0.0%

— COUPANG INC 0.3%

Value ($000) $1,365 Shares 57,866 Est. Cost $23.59 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	30,000	$9,390	2.2%	$285.60	0.0%	CAP STK CL A	02079K305
CVNA	CARVANA CO	5,465	$2,306	0.5%	$371.73	0.0%	CL A	146869102
—	COUPANG INC	57,866	$1,365	0.3%	$23.59	—	CL A	22266T106

Increased Positions (3)

V VISA INC 9.0%

Value ($000) $38,578 (+41.3%) Shares 110,000 (+37.5%) Est. Cost $247.15 Unrealized +37.7%

SPGI S&P GLOBAL INC 3.7%

Value ($000) $15,678 (+222.1%) Shares 30,000 (+200.0%) Est. Cost $507.42 Unrealized -2.6%

MCO MOODYS CORP 3.6%

Value ($000) $15,326 (+221.6%) Shares 30,000 (+200.0%) Est. Cost $478.56 Unrealized +1.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
V	VISA INC	110,000 (+37.5%)	$38,578 (+41.3%)	9.0%	$247.15	+37.7%	COM CL A	92826C839
SPGI	S&P GLOBAL INC	30,000 (+200.0%)	$15,678 (+222.1%)	3.7%	$507.42	-2.6%	COM	78409V104
MCO	MOODYS CORP	30,000 (+200.0%)	$15,326 (+221.6%)	3.6%	$478.56	+1.8%	COM	615369105

Exited Positions (3)

QQQ INVESCO QQQ 4.2%

Value ($000) $18,011 Shares 30,000 Est. Cost $600.37 Unrealized —

MA MASTERCARD INC 1.3%

Value ($000) $5,688 Shares 10,000 Est. Cost $551.47 Unrealized +1.4%

CPNG COUPANG INC 0.4%

Value ($000) $1,863 Shares 57,866 Est. Cost $30.23 Unrealized -5.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ	30,000	$18,011	4.2%	$600.37	—	—	46090E103
MA	MASTERCARD INC	10,000	$5,688	1.3%	$551.47	+1.4%	—	57636Q104
CPNG	COUPANG INC	57,866	$1,863	0.4%	$30.23	-5.9%	—	22266T109

Decreased Positions (1)

VOO VANGUARD INDEX FDS 47.7%

Value ($000) $203,817 (-29.9%) Shares 325,000 (-31.6%) Est. Cost $578.98 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	325,000 (-31.6%)	$203,817 (-29.9%)	47.7%	$578.98	—	S&P 500 ETF SHS	922908363

Unchanged Positions (4)

MSFT MICROSOFT CORP 13.6%

Value ($000) $58,034 Shares 120,000 Est. Cost $296.21 Unrealized +69.0%

AAPL APPLE INC 9.7%

Value ($000) $41,595 Shares 153,000 Est. Cost $99.08 Unrealized +170.8%

TOGA TREMBLANT GLOBAL ETF 4.0%

Value ($000) $17,137 Shares 500,000 Est. Cost $32.56 Unrealized —

KKR KKR & CO INC 5.6%

Value ($000) $23,732 Shares 186,166 Est. Cost $128.15 Unrealized -3.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	120,000	$58,034	13.6%	$296.21	+69.0%	COM	594918104
AAPL	APPLE INC	153,000	$41,595	9.7%	$99.08	+170.8%	COM	037833100
TOGA	TREMBLANT GLOBAL ETF	500,000	$17,137	4.0%	$32.56	—	ETF SHS	56167N191
KKR	KKR & CO INC	186,166	$23,732	5.6%	$128.15	-3.0%	COM	48251W104