FOURSIXTHREE CAPITAL LP Hedge Fund

CIK: 0001897652 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $257,484 (82.8% shares, 17.2% debt)

Holdings (17)

New Positions (6)

— RAMACO RES INC 8.9%

Value ($000) $22,849 Shares 27,000,000 Est. Cost $0.85 Unrealized —

TDAY USA TODAY CO INC 4.5%

Value ($000) $11,698 Shares 2,271,441 Est. Cost $4.70 Unrealized 0.0%

METC RAMACO RES INC 2.2%

Value ($000) $5,746 Shares 319,225 Est. Cost $26.27 Unrealized 0.0%

PPTA PERPETUA RESOURCES CORP 1.0%

Value ($000) $2,560 Shares 105,743 Est. Cost $24.60 Unrealized 0.0%

NB NIOCORP DEVS LTD 0.7%

Value ($000) $1,866 Shares 352,063 Est. Cost $6.88 Unrealized 0.0%

CODI COMPASS DIVERSIFIED 0.3%

Value ($000) $876 Shares 182,500 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	RAMACO RES INC	27,000,000	$22,849	8.9%	$0.85	—	NOTE 11/0	75134PAB1
TDAY	USA TODAY CO INC	2,271,441	$11,698	4.5%	$4.70	0.0%	COM	36472T109
METC	RAMACO RES INC	319,225	$5,746	2.2%	$26.27	0.0%	COM CL A	75134P600
PPTA	PERPETUA RESOURCES CORP	105,743	$2,560	1.0%	$24.60	0.0%	COM	714266103
NB	NIOCORP DEVS LTD	352,063	$1,866	0.7%	$6.88	0.0%	COM NEW	654484609
CODI	COMPASS DIVERSIFIED	182,500	$876	0.3%	—	—	PUT	20451Q104

Increased Positions (2)

IHRT IHEARTMEDIA INC 4.2%

Value ($000) $10,791 (+59.5%) Shares 2,594,105 (+10.0%) Est. Cost $2.21 Unrealized +69.5%

OPTU OPTIMUM COMMUNICATIONS INC 3.0%

Value ($000) $7,655 (-21.7%) Shares 4,639,586 (+14.4%) Est. Cost $2.39 Unrealized -14.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IHRT	IHEARTMEDIA INC	2,594,105 (+10.0%)	$10,791 (+59.5%)	4.2%	$2.21	+69.5%	COM CL A	45174J509
OPTU	OPTIMUM COMMUNICATIONS INC	4,639,586 (+14.4%)	$7,655 (-21.7%)	3.0%	$2.39	-14.9%	CL A	02156K103

Exited Positions (6)

LITE LUMENTUM HLDGS INC 13.0%

Value ($000) $33,415 Shares 205,368 Est. Cost $119.17 Unrealized +115.5%

CIEN CIENA CORP 11.2%

Value ($000) $28,915 Shares 198,499 Est. Cost $71.73 Unrealized +170.5%

TDS TELEPHONE & DATA SYS INC 8.7%

Value ($000) $22,414 Shares 571,200 Est. Cost $31.26 Unrealized +24.6%

ROIV ROIVANT SCIENCES LTD 5.5%

Value ($000) $14,195 Shares 938,175 Est. Cost $10.88 Unrealized +81.4%

— LUMENTUM HLDGS INC 4.2%

Value ($000) $10,890 Shares 4,500,000 Est. Cost $1.18 Unrealized —

ABUS ARBUTUS BIOPHARMA CORP 3.5%

Value ($000) $8,985 Shares 1,978,975 Est. Cost $3.33 Unrealized +34.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LITE	LUMENTUM HLDGS INC	205,368	$33,415	13.0%	$119.17	+115.5%	—	55024U109
CIEN	CIENA CORP	198,499	$28,915	11.2%	$71.73	+170.5%	—	171779309
TDS	TELEPHONE & DATA SYS INC	571,200	$22,414	8.7%	$31.26	+24.6%	PUT	879433829
ROIV	ROIVANT SCIENCES LTD	938,175	$14,195	5.5%	$10.88	+81.4%	—	G76279101
—	LUMENTUM HLDGS INC	4,500,000	$10,890	4.2%	$1.18	—	—	55024UAH2
ABUS	ARBUTUS BIOPHARMA CORP	1,978,975	$8,985	3.5%	$3.33	+34.9%	—	03879J100

Decreased Positions (4)

VISN COMMSCOPE HLDG CO INC 7.4%

Value ($000) $19,037 (-66.2%) Shares 1,050,000 (-71.2%) Est. Cost $5.55 Unrealized +210.8%

SATS ECHOSTAR CORP 23.4%

Value ($000) $60,178 (+31.8%) Shares 553,614 (-7.4%) Est. Cost $45.28 Unrealized +79.8%

VISN COMMSCOPE HLDG CO INC 14.0%

Value ($000) $35,939 (-16.9%) Shares 1,982,320 (-29.0%) Est. Cost $5.55 Unrealized +210.8%

TDS TELEPHONE & DATA SYS INC 19.3%

Value ($000) $49,604 (-8.6%) Shares 1,209,849 (-12.6%) Est. Cost $31.26 Unrealized +24.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VISN	COMMSCOPE HLDG CO INC	1,050,000 (-71.2%)	$19,037 (-66.2%)	7.4%	$5.55	+210.8%	CALL	20337X109
SATS	ECHOSTAR CORP	553,614 (-7.4%)	$60,178 (+31.8%)	23.4%	$45.28	+79.8%	CL A	278768106
VISN	COMMSCOPE HLDG CO INC	1,982,320 (-29.0%)	$35,939 (-16.9%)	14.0%	$5.55	+210.8%	COM	20337X109
TDS	TELEPHONE & DATA SYS INC	1,209,849 (-12.6%)	$49,604 (-8.6%)	19.3%	$31.26	+24.6%	COM NEW	879433829

Unchanged Positions (5)

— CAPITAL SOUTHWEST CORP 8.3%

Value ($000) $21,402 Shares 21,500,000 Est. Cost $0.97 Unrealized —

MDAIW SPECTRAL AI INC 0.0%

Value ($000) $5 Shares 11,666 Est. Cost $0.13 Unrealized —

BAERW BRIDGER AEROSPACE GRP HLDGS 0.0%

Value ($000) $2 Shares 10,000 Est. Cost $0.08 Unrealized —

SDAWW SUNCAR TECHNOLOGY GROUP INC 0.0%

Value ($000) $0 Shares 10,000 Est. Cost $0.35 Unrealized —

STHO STAR HLDGS 2.8%

Value ($000) $7,274 Shares 883,897 Est. Cost $11.67 Unrealized -34.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CAPITAL SOUTHWEST CORP	21,500,000	$21,402	8.3%	$0.97	—	NOTE 5.125%11/1	140501AE7
MDAIW	SPECTRAL AI INC	11,666	$5	0.0%	$0.13	—	*W EXP 99/99/999	84757T113
BAERW	BRIDGER AEROSPACE GRP HLDGS	10,000	$2	0.0%	$0.08	—	*W EXP 01/24/202	96812F110
SDAWW	SUNCAR TECHNOLOGY GROUP INC	10,000	$0	0.0%	$0.35	—	*W EXP 05/17/202	G85727116
STHO	STAR HLDGS	883,897	$7,274	2.8%	$11.67	-34.4%	SHS BEN INT	85512G106