Veradace Capital Management LLC Hedge Fund

CIK: 0001772351 · Show all filings

Period: Q4 2025

Filing Date: Feb 18, 2026

Total Value ($000): $163,648 (100.0% shares, 0.0% debt)

Holdings (27)

EB EVENTBRITE INC 22.0%

Value ($000) $35,975 Shares 8,084,304 Est. Cost $3.10 Unrealized 0.0%

TIPT TIPTREE INC 15.9%

Value ($000) $26,002 Shares 1,423,192 Est. Cost $18.22 Unrealized 0.0%

RPAY REPAY HLDGS CORP 12.9%

Value ($000) $21,172 Shares 5,800,430 Est. Cost $4.01 Unrealized 0.0%

DOMO DOMO INC 8.0%

Value ($000) $13,143 Shares 1,559,065 Est. Cost $11.76 Unrealized 0.0%

— ADVANCE AUTO PARTS INC 4.8%

Value ($000) $7,860 Shares 200,000 Est. Cost — Unrealized —

— TIPTREE INC 4.7%

Value ($000) $7,661 Shares 419,300 Est. Cost — Unrealized —

BABA ALIBABA GROUP HLDG LTD 4.6%

Value ($000) $7,476 Shares 51,000 Est. Cost $146.58 Unrealized —

TPB TURNING PT BRANDS INC 4.2%

Value ($000) $6,792 Shares 62,661 Est. Cost $97.78 Unrealized 0.0%

EWCZ EUROPEAN WAX CTR INC 4.0%

Value ($000) $6,522 Shares 1,811,770 Est. Cost $3.74 Unrealized 0.0%

ACVA ACV AUCTIONS INC 3.9%

Value ($000) $6,420 Shares 800,517 Est. Cost $8.09 Unrealized 0.0%

SSTI SOUNDTHINKING INC 2.9%

Value ($000) $4,725 Shares 588,396 Est. Cost $8.72 Unrealized 0.0%

SNFCA SECURITY NATL FINL CORP 1.9%

Value ($000) $3,181 Shares 353,055 Est. Cost $8.47 Unrealized 0.0%

LPRO OPEN LENDING CORP 1.4%

Value ($000) $2,372 Shares 1,530,213 Est. Cost $1.77 Unrealized 0.0%

QRHC QUEST RESOURCE HLDG CORP 1.4%

Value ($000) $2,336 Shares 1,256,082 Est. Cost $1.70 Unrealized 0.0%

— REPAY HLDGS CORP 1.4%

Value ($000) $2,336 Shares 640,000 Est. Cost — Unrealized —

PRCH PORCH GROUP INC 1.3%

Value ($000) $2,193 Shares 240,246 Est. Cost $12.04 Unrealized 0.0%

IDT IDT CORP 1.3%

Value ($000) $2,109 Shares 41,179 Est. Cost $50.12 Unrealized 0.0%

CNTY CENTURY CASINOS INC 1.3%

Value ($000) $2,076 Shares 1,560,855 Est. Cost $1.79 Unrealized 0.0%

— JAMF HLDG CORP 0.4%

Value ($000) $595 Shares 45,745 Est. Cost $13.01 Unrealized —

SEAT VIVID SEATS INC 0.3%

Value ($000) $507 Shares 70,341 Est. Cost $9.83 Unrealized 0.0%

— ASPEN INSURANCE HOLDINGS LTD 0.3%

Value ($000) $498 Shares 13,424 Est. Cost $36.88 Unrealized 0.0%

FTHM FATHOM HOLDINGS INC 0.3%

Value ($000) $459 Shares 454,445 Est. Cost $1.35 Unrealized 0.0%

— SOUNDTHINKING INC 0.2%

Value ($000) $402 Shares 50,000 Est. Cost — Unrealized —

— DOMO INC 0.2%

Value ($000) $373 Shares 44,300 Est. Cost — Unrealized —

FOXF FOX FACTORY HLDG CORP 0.2%

Value ($000) $287 Shares 16,779 Est. Cost $19.06 Unrealized 0.0%

DV DOUBLEVERIFY HLDGS INC 0.1%

Value ($000) $114 Shares 10,000 Est. Cost $11.03 Unrealized 0.0%

DTI DRILLING TOOLS INTL CORP 0.0%

Value ($000) $62 Shares 25,292 Est. Cost $2.41 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EB	EVENTBRITE INC	8,084,304	$35,975	22.0%	$3.10	0.0%	COM CL A	29975E109
TIPT	TIPTREE INC	1,423,192	$26,002	15.9%	$18.22	0.0%	COM	88822Q103
RPAY	REPAY HLDGS CORP	5,800,430	$21,172	12.9%	$4.01	0.0%	COM CL A	76029L100
DOMO	DOMO INC	1,559,065	$13,143	8.0%	$11.76	0.0%	COM CL B	257554105
—	ADVANCE AUTO PARTS INC	200,000	$7,860	4.8%	—	—	Call	00751Y906
—	TIPTREE INC	419,300	$7,661	4.7%	—	—	Call	88822Q903
BABA	ALIBABA GROUP HLDG LTD	51,000	$7,476	4.6%	$146.58	—	SPONSORED ADS	01609W102
TPB	TURNING PT BRANDS INC	62,661	$6,792	4.2%	$97.78	0.0%	COM	90041L105
EWCZ	EUROPEAN WAX CTR INC	1,811,770	$6,522	4.0%	$3.74	0.0%	CLASS A COM	29882P106
ACVA	ACV AUCTIONS INC	800,517	$6,420	3.9%	$8.09	0.0%	COM CL A	00091G104
SSTI	SOUNDTHINKING INC	588,396	$4,725	2.9%	$8.72	0.0%	COM	82536T107
SNFCA	SECURITY NATL FINL CORP	353,055	$3,181	1.9%	$8.47	0.0%	CL A NEW	814785309
LPRO	OPEN LENDING CORP	1,530,213	$2,372	1.4%	$1.77	0.0%	COM	68373J104
QRHC	QUEST RESOURCE HLDG CORP	1,256,082	$2,336	1.4%	$1.70	0.0%	COM NEW	74836W203
—	REPAY HLDGS CORP	640,000	$2,336	1.4%	—	—	Call	76029L900
PRCH	PORCH GROUP INC	240,246	$2,193	1.3%	$12.04	0.0%	COM	733245104
IDT	IDT CORP	41,179	$2,109	1.3%	$50.12	0.0%	CL B NEW	448947507
CNTY	CENTURY CASINOS INC	1,560,855	$2,076	1.3%	$1.79	0.0%	COM	156492100
—	JAMF HLDG CORP	45,745	$595	0.4%	$13.01	—	COM	47074L105
SEAT	VIVID SEATS INC	70,341	$507	0.3%	$9.83	0.0%	COM CL A	92854T209
—	ASPEN INSURANCE HOLDINGS LTD	13,424	$498	0.3%	$36.88	0.0%	ORD SHS CL A	G05384501
FTHM	FATHOM HOLDINGS INC	454,445	$459	0.3%	$1.35	0.0%	COM	31189V109
—	SOUNDTHINKING INC	50,000	$402	0.2%	—	—	Call	82536T907
—	DOMO INC	44,300	$373	0.2%	—	—	Call	257554905
FOXF	FOX FACTORY HLDG CORP	16,779	$287	0.2%	$19.06	0.0%	COM	35138V102
DV	DOUBLEVERIFY HLDGS INC	10,000	$114	0.1%	$11.03	0.0%	COM	25862V105
DTI	DRILLING TOOLS INTL CORP	25,292	$62	0.0%	$2.41	0.0%	COM	26205E107