Granby Capital Management, LLC Diversified Active

CIK: 0001857581 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $187,495 (100.0% shares, 0.0% debt)

Holdings (18)

New Positions (3)

AMLP ALPS ETF TR 5.0%

Value ($000) $9,404 Shares 200,000 Est. Cost $47.02 Unrealized —

FISV FISERV INC 1.4%

Value ($000) $2,687 Shares 40,000 Est. Cost $83.87 Unrealized 0.0%

GECC GREAT ELM CAP CORP 0.2%

Value ($000) $352 Shares 50,000 Est. Cost $7.27 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMLP	ALPS ETF TR	200,000	$9,404	5.0%	$47.02	—	ALERIAN MLP	00162Q452
FISV	FISERV INC	40,000	$2,687	1.4%	$83.87	0.0%	COM	337738108
GECC	GREAT ELM CAP CORP	50,000	$352	0.2%	$7.27	0.0%	COM NEW	390320703

Increased Positions (1)

XLU SELECT SECTOR SPDR TR 3.0%

Value ($000) $5,550 (-2.1%) Shares 130,000 (+100.0%) Est. Cost $55.41 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLU	SELECT SECTOR SPDR TR	130,000 (+100.0%)	$5,550 (-2.1%)	3.0%	$55.41	—	STATE STREET UTI	81369Y886

Exited Positions (3)

MPLX MPLX LP 3.7%

Value ($000) $6,993 Shares 140,000 Est. Cost $34.74 Unrealized —

ET ENERGY TRANSFER L P 3.7%

Value ($000) $6,864 Shares 400,000 Est. Cost $12.73 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 1.3%

Value ($000) $2,345 Shares 75,000 Est. Cost $27.37 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MPLX	MPLX LP	140,000	$6,993	3.7%	$34.74	—	—	55336V100
ET	ENERGY TRANSFER L P	400,000	$6,864	3.7%	$12.73	—	—	29273V100
EPD	ENTERPRISE PRODS PARTNERS L	75,000	$2,345	1.3%	$27.37	—	—	293792107

Decreased Positions (1)

IHRT IHEARTMEDIA INC 1.0%

Value ($000) $1,872 (+0.3%) Shares 450,000 (-30.8%) Est. Cost $1.81 Unrealized +107.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IHRT	IHEARTMEDIA INC	450,000 (-30.8%)	$1,872 (+0.3%)	1.0%	$1.81	+107.0%	COM CL A	45174J509

Unchanged Positions (13)

SPY SPDR S&P 500 ETF TR 32.6%

Value ($000) $61,032 Shares 89,500 Est. Cost $466.13 Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 16.0%

Value ($000) $30,013 Shares 408,000 Est. Cost $54.65 Unrealized —

TLT ISHARES TR 6.4%

Value ($000) $12,028 Shares 138,000 Est. Cost $93.51 Unrealized —

EFA ISHARES TR 5.5%

Value ($000) $10,269 Shares 107,000 Est. Cost $81.73 Unrealized —

COWZ PACER FDS TR 3.2%

Value ($000) $6,017 Shares 100,000 Est. Cost $44.62 Unrealized —

IVV ISHARES TR 6.2%

Value ($000) $11,644 Shares 17,000 Est. Cost $493.89 Unrealized —

FXI ISHARES TR 1.6%

Value ($000) $3,063 Shares 80,000 Est. Cost $28.70 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 8.2%

Value ($000) $15,325 Shares 80,000 Est. Cost $157.80 Unrealized —

VBR VANGUARD INDEX FDS 4.0%

Value ($000) $7,413 Shares 35,000 Est. Cost $165.40 Unrealized —

— NUVEEN MUN VALUE FD INC 4.8%

Value ($000) $9,060 Shares 1,000,000 Est. Cost $8.80 Unrealized —

CBUS CIBUS INC 0.1%

Value ($000) $174 Shares 100,000 Est. Cost $4.72 Unrealized -68.4%

WW WW INTL INC 0.3%

Value ($000) $584 Shares 20,000 Est. Cost $34.35 Unrealized -18.6%

IEMG ISHARES INC 0.5%

Value ($000) $1,008 Shares 15,000 Est. Cost $53.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	89,500	$61,032	32.6%	$466.13	—	TR UNIT	78462F103
VEU	VANGUARD INTL EQUITY INDEX F	408,000	$30,013	16.0%	$54.65	—	ALLWRLD EX US	922042775
TLT	ISHARES TR	138,000	$12,028	6.4%	$93.51	—	20 YR TR BD ETF	464287432
EFA	ISHARES TR	107,000	$10,269	5.5%	$81.73	—	MSCI EAFE ETF	464287465
COWZ	PACER FDS TR	100,000	$6,017	3.2%	$44.62	—	US CASH COWS 100	69374H881
IVV	ISHARES TR	17,000	$11,644	6.2%	$493.89	—	CORE S&P500 ETF	464287200
FXI	ISHARES TR	80,000	$3,063	1.6%	$28.70	—	CHINA LG-CAP ETF	464287184
RSP	INVESCO EXCHANGE TRADED FD T	80,000	$15,325	8.2%	$157.80	—	S&P500 EQL WGT	46137V357
VBR	VANGUARD INDEX FDS	35,000	$7,413	4.0%	$165.40	—	SM CP VAL ETF	922908611
—	NUVEEN MUN VALUE FD INC	1,000,000	$9,060	4.8%	$8.80	—	COM	670928100
CBUS	CIBUS INC	100,000	$174	0.1%	$4.72	-68.4%	CL A COM STK	17166A101
WW	WW INTL INC	20,000	$584	0.3%	$34.35	-18.6%	COM NEW	98262P200
IEMG	ISHARES INC	15,000	$1,008	0.5%	$53.76	—	CORE MSCI EMKT	46434G103