MBB PUBLIC MARKETS I LLC Hedge Fund

CIK: 0001892378 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $957,172 (100.0% shares, 0.0% debt)

Holdings (27)

New Positions (4)

MDLN MEDLINE INC 10.7%

Value ($000) $102,538 Shares 2,441,379 Est. Cost $42.23 Unrealized 0.0%

VTEB VANGUARD MUN BD FDS 2.9%

Value ($000) $28,079 Shares 558,333 Est. Cost $50.29 Unrealized —

GOOG ALPHABET INC 0.0%

Value ($000) $245 Shares 781 Est. Cost $286.33 Unrealized 0.0%

SAIA SAIA INC 0.0%

Value ($000) $202 Shares 618 Est. Cost $302.29 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDLN	MEDLINE INC	2,441,379	$102,538	10.7%	$42.23	0.0%	COM CL A	58507V107
VTEB	VANGUARD MUN BD FDS	558,333	$28,079	2.9%	$50.29	—	TAX EXEMPT BD	922907746
GOOG	ALPHABET INC	781	$245	0.0%	$286.33	0.0%	CAP STK CL C	02079K107
SAIA	SAIA INC	618	$202	0.0%	$302.29	0.0%	COM	78709Y105

Increased Positions (3)

AMZN AMAZON COM INC 15.3%

Value ($000) $146,774 (+52.2%) Shares 635,879 (+44.8%) Est. Cost $220.42 Unrealized +3.8%

FERG FERGUSON ENTERPRISES INC 10.9%

Value ($000) $104,140 (+58.4%) Shares 467,772 (+59.8%) Est. Cost $205.24 Unrealized +15.9%

PGR PROGRESSIVE CORP 20.6%

Value ($000) $197,105 (+7.1%) Shares 865,558 (+16.1%) Est. Cost $237.90 Unrealized -10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	635,879 (+44.8%)	$146,774 (+52.2%)	15.3%	$220.42	+3.8%	COM	023135106
FERG	FERGUSON ENTERPRISES INC	467,772 (+59.8%)	$104,140 (+58.4%)	10.9%	$205.24	+15.9%	COMMON STOCK NEW	31488V107
PGR	PROGRESSIVE CORP	865,558 (+16.1%)	$197,105 (+7.1%)	20.6%	$237.90	-10.7%	COM	743315103

Exited Positions (15)

MSFT MICROSOFT CORP 2.8%

Value ($000) $26,384 Shares 50,939 Est. Cost $411.20 Unrealized +21.7%

EWJ ISHARES INC 0.9%

Value ($000) $8,381 Shares 104,482 Est. Cost $67.21 Unrealized —

CCJ CAMECO CORP 0.4%

Value ($000) $4,274 Shares 50,965 Est. Cost $42.21 Unrealized +113.1%

EWZ ISHARES INC 0.2%

Value ($000) $1,553 Shares 50,100 Est. Cost — Unrealized —

PSKY PARAMOUNT SKYDANCE CORP 0.0%

Value ($000) $416 Shares 21,991 Est. Cost $14.51 Unrealized +7.3%

COF CAPITAL ONE FINL CORP 0.0%

Value ($000) $261 Shares 1,228 Est. Cost $186.79 Unrealized +19.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $246 Shares 489 Est. Cost $486.15 Unrealized +2.3%

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $220 Shares 1,208 Est. Cost $87.82 Unrealized +106.1%

CVX CHEVRON CORP NEW 0.0%

Value ($000) $206 Shares 1,324 Est. Cost $150.48 Unrealized +0.6%

TSLA TESLA INC 0.0%

Value ($000) $202 Shares 454 Est. Cost $333.26 Unrealized +33.0%

BX BLACKSTONE INC 0.0%

Value ($000) $137 Shares 800 Est. Cost $158.19 Unrealized -4.3%

F FORD MTR CO 0.0%

Value ($000) $122 Shares 10,183 Est. Cost $9.24 Unrealized +38.9%

BX BLACKSTONE INC 0.0%

Value ($000) $119 Shares 698 Est. Cost $158.19 Unrealized -4.3%

VTRS VIATRIS INC 0.0%

Value ($000) $110 Shares 11,098 Est. Cost $10.02 Unrealized +7.0%

— AMCOR PLC 0.0%

Value ($000) $91 Shares 11,107 Est. Cost $9.64 Unrealized -14.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	50,939	$26,384	2.8%	$411.20	+21.7%	—	594918104
EWJ	ISHARES INC	104,482	$8,381	0.9%	$67.21	—	—	46434G822
CCJ	CAMECO CORP	50,965	$4,274	0.4%	$42.21	+113.1%	—	13321L108
EWZ	ISHARES INC	50,100	$1,553	0.2%	—	—	CALL	464286400
PSKY	PARAMOUNT SKYDANCE CORP	21,991	$416	0.0%	$14.51	+7.3%	—	69932A204
COF	CAPITAL ONE FINL CORP	1,228	$261	0.0%	$186.79	+19.0%	—	14040H105
BRK/B	BERKSHIRE HATHAWAY INC DEL	489	$246	0.0%	$486.15	+2.3%	—	084670702
PLTR	PALANTIR TECHNOLOGIES INC	1,208	$220	0.0%	$87.82	+106.1%	—	69608A108
CVX	CHEVRON CORP NEW	1,324	$206	0.0%	$150.48	+0.6%	—	166764100
TSLA	TESLA INC	454	$202	0.0%	$333.26	+33.0%	—	88160R101
BX	BLACKSTONE INC	800	$137	0.0%	$158.19	-4.3%	PUT	09260D107
F	FORD MTR CO	10,183	$122	0.0%	$9.24	+38.9%	—	345370860
BX	BLACKSTONE INC	698	$119	0.0%	$158.19	-4.3%	—	09260D107
VTRS	VIATRIS INC	11,098	$110	0.0%	$10.02	+7.0%	—	92556V106
—	AMCOR PLC	11,107	$91	0.0%	$9.64	-14.4%	—	G0250X107

Decreased Positions (6)

BG BUNGE GLOBAL SA 0.9%

Value ($000) $8,984 (-71.0%) Shares 100,853 (-73.5%) Est. Cost $97.16 Unrealized -5.5%

FCX FREEPORT-MCMORAN INC 0.5%

Value ($000) $5,079 (-41.6%) Shares 100,000 (-54.9%) Est. Cost $35.07 Unrealized +23.5%

AVGO BROADCOM INC 2.3%

Value ($000) $22,441 (-9.1%) Shares 64,841 (-13.4%) Est. Cost $150.42 Unrealized +137.3%

AMGN AMGEN INC 2.1%

Value ($000) $19,908 (+1.0%) Shares 60,824 (-12.9%) Est. Cost $281.78 Unrealized +12.1%

STX SEAGATE TECHNOLOGY HLDNGS PL 0.0%

Value ($000) $205 (-26.0%) Shares 743 (-36.5%) Est. Cost $92.81 Unrealized +179.0%

WDC WESTERN DIGITAL CORP 0.0%

Value ($000) $254 (-8.9%) Shares 1,475 (-36.5%) Est. Cost $47.25 Unrealized +220.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BG	BUNGE GLOBAL SA	100,853 (-73.5%)	$8,984 (-71.0%)	0.9%	$97.16	-5.5%	COM SHS	H11356104
FCX	FREEPORT-MCMORAN INC	100,000 (-54.9%)	$5,079 (-41.6%)	0.5%	$35.07	+23.5%	CL B	35671D857
AVGO	BROADCOM INC	64,841 (-13.4%)	$22,441 (-9.1%)	2.3%	$150.42	+137.3%	COM	11135F101
AMGN	AMGEN INC	60,824 (-12.9%)	$19,908 (+1.0%)	2.1%	$281.78	+12.1%	COM	031162100
STX	SEAGATE TECHNOLOGY HLDNGS PL	743 (-36.5%)	$205 (-26.0%)	0.0%	$92.81	+179.0%	ORD SHS	G7997R103
WDC	WESTERN DIGITAL CORP	1,475 (-36.5%)	$254 (-8.9%)	0.0%	$47.25	+220.7%	COM	958102105

Unchanged Positions (14)

AER AERCAP HOLDINGS NV 17.0%

Value ($000) $162,931 Shares 1,133,357 Est. Cost $105.72 Unrealized +25.3%

GOOGL ALPHABET INC 5.2%

Value ($000) $49,450 Shares 157,986 Est. Cost $172.84 Unrealized +65.2%

TECK TECK RESOURCES LTD 2.8%

Value ($000) $26,973 Shares 563,228 Est. Cost $37.74 Unrealized +14.8%

KYTX KYVERNA THERAPEUTICS INC 0.6%

Value ($000) $5,776 Shares 614,477 Est. Cost $12.76 Unrealized -41.8%

VEA VANGUARD TAX-MANAGED FDS 4.3%

Value ($000) $41,362 Shares 662,117 Est. Cost $50.83 Unrealized —

EQT EQT CORP 3.5%

Value ($000) $33,045 Shares 616,513 Est. Cost $34.91 Unrealized +60.8%

JBI JANUS INTERNATIONAL GROUP IN 0.0%

Value ($000) $130 Shares 19,808 Est. Cost $7.62 Unrealized +2.2%

GTX GARRETT MOTION INC 0.0%

Value ($000) $275 Shares 15,768 Est. Cost $9.26 Unrealized +71.9%

AMG AFFILIATED MANAGERS GROUP IN 0.0%

Value ($000) $258 Shares 894 Est. Cost $220.39 Unrealized +17.3%

IMXI INTERNATIONAL MNY EXPRESS IN 0.0%

Value ($000) $218 Shares 14,179 Est. Cost $11.41 Unrealized +31.6%

AHCO ADAPTHEALTH CORP 0.0%

Value ($000) $181 Shares 18,132 Est. Cost $9.87 Unrealized -3.3%

VMD VIEMED HEALTHCARE INC 0.0%

Value ($000) $174 Shares 23,384 Est. Cost $7.42 Unrealized -7.7%

IBP INSTALLED BLDG PRODS INC 0.0%

Value ($000) $259 Shares 1,000 Est. Cost $236.87 Unrealized +9.0%

HLMN HILLMAN SOLUTIONS CORP 0.0%

Value ($000) $187 Shares 21,650 Est. Cost $8.83 Unrealized +2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AER	AERCAP HOLDINGS NV	1,133,357	$162,931	17.0%	$105.72	+25.3%	SHS	N00985106
GOOGL	ALPHABET INC	157,986	$49,450	5.2%	$172.84	+65.2%	CAP STK CL A	02079K305
TECK	TECK RESOURCES LTD	563,228	$26,973	2.8%	$37.74	+14.8%	CL B	878742204
KYTX	KYVERNA THERAPEUTICS INC	614,477	$5,776	0.6%	$12.76	-41.8%	COM	501976104
VEA	VANGUARD TAX-MANAGED FDS	662,117	$41,362	4.3%	$50.83	—	VAN FTSE DEV MKT	921943858
EQT	EQT CORP	616,513	$33,045	3.5%	$34.91	+60.8%	COM	26884L109
JBI	JANUS INTERNATIONAL GROUP IN	19,808	$130	0.0%	$7.62	+2.2%	COMMON STOCK	47103N106
GTX	GARRETT MOTION INC	15,768	$275	0.0%	$9.26	+71.9%	COM	366505105
AMG	AFFILIATED MANAGERS GROUP IN	894	$258	0.0%	$220.39	+17.3%	COM	008252108
IMXI	INTERNATIONAL MNY EXPRESS IN	14,179	$218	0.0%	$11.41	+31.6%	COM	46005L101
AHCO	ADAPTHEALTH CORP	18,132	$181	0.0%	$9.87	-3.3%	COMMON STOCK	00653Q102
VMD	VIEMED HEALTHCARE INC	23,384	$174	0.0%	$7.42	-7.7%	COM	92663R105
IBP	INSTALLED BLDG PRODS INC	1,000	$259	0.0%	$236.87	+9.0%	COM	45780R101
HLMN	HILLMAN SOLUTIONS CORP	21,650	$187	0.0%	$8.83	+2.0%	COM	431636109