CIK: 0001992915 · Show all filings
Period: Q4 2025
Filing Date: Feb 17, 2026
Total Value ($000): $107,561 (66.3% shares, 33.7% debt)
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| IWM | ISHARES TR | 62,500 | $15,385 | 14.3% | $246.16 | — | RUSSELL 2000 ETF | 464287655 |
| KFIIU | K&F GROWTH ACQUISITION CORP | 750,000 | $7,845 | 7.3% | $10.46 | — | UNIT 99/99/9999 | G52258103 |
| — | CIPHER MINING INC | 2,000,000 | $6,985 | 6.5% | $3.49 | — | NOTE 1.750% 5/1 | 17253JAA4 |
| — | JETBLUE AIRWAYS CORP | 5,500,000 | $5,349 | 5.0% | $0.97 | — | NOTE 2.500% 9/0 | 477143AR2 |
| — | IREN LIMITED | 2,000,000 | $4,906 | 4.6% | $2.45 | — | NOTE 3.250% 6/1 | 46270CAB5 |
| EVAC/U | EQV VENTURES AC CORP. II | 425,000 | $4,297 | 4.0% | $10.11 | — | UNIT 06/30/2032 | G3106Q110 |
| AAPL | APPLE INC | 14,000 | $3,806 | 3.5% | $268.34 | 0.0% | COM | 037833100 |
| TXO | TXO PARTNERS LP | 354,260 | $3,780 | 3.5% | $10.67 | — | COM UNIT | 87313P103 |
| MNR | MACH NATURAL RESOURCES LP | 319,339 | $3,526 | 3.3% | $11.04 | — | COM UNIT LTD PAR | 55445L100 |
| — | ALIBABA GROUP HLDG LTD | 2,000,000 | $3,111 | 2.9% | $1.56 | — | NOTE 0.500% 6/0 | 01609WBG6 |
| TPR | TAPESTRY INC | 20,000 | $2,555 | 2.4% | $114.03 | 0.0% | COM | 876030107 |
| FLY | FIREFLY AEROSPACE INC | 107,564 | $2,406 | 2.2% | $23.14 | 0.0% | COM | 31816X106 |
| FISV | FISERV INC | 35,000 | $2,351 | 2.2% | $83.87 | 0.0% | COM | 337738108 |
| — | RIOT PLATFORMS INC | 2,000,000 | $2,268 | 2.1% | $1.13 | — | NOTE 0.750% 1/1 | 767292AB1 |
| WMT | WALMART INC | 17,500 | $1,950 | 1.8% | $107.20 | 0.0% | COM | 931142103 |
| — | SOUTHERN CO | 1,500,000 | $1,604 | 1.5% | $1.07 | — | NOTE 4.500% 6/1 | 842587DZ7 |
| WLTH | WEALTHFRONT CORP | 116,002 | $1,576 | 1.5% | $13.20 | 0.0% | COM | 947002101 |
| — | SNOWFLAKE INC | 1,000,000 | $1,549 | 1.4% | $1.55 | — | NOTE 10/0 | 833445AD1 |
| FLUT | FLUTTER ENTMT PLC | 7,000 | $1,505 | 1.4% | $224.90 | 0.0% | SH | G3643J108 |
| — | SNOWFLAKE INC | 1,000,000 | $1,487 | 1.4% | $1.49 | — | NOTE 10/0 | 833445AB5 |
| — | SUNRUN INC | 1,000,000 | $1,421 | 1.3% | $1.42 | — | NOTE 4.000% 3/0 | 86771WAD7 |
| KO | COCA COLA CO | 20,000 | $1,398 | 1.3% | $69.40 | 0.0% | COM | 191216100 |
| — | UPSTART HLDGS INC | 1,500,000 | $1,314 | 1.2% | $0.88 | — | NOTE 1.000%11/1 | 91680MAF4 |
| — | UBER TECHNOLOGIES INC | 1,000,000 | $1,300 | 1.2% | $1.30 | — | NOTE 0.875%12/0 | 90353TAM2 |
| — | EVERGY INC | 1,000,000 | $1,219 | 1.1% | $1.22 | — | NOTE 4.500%12/1 | 30034WAD8 |
| — | WISDOMTREE INC | 1,000,000 | $1,204 | 1.1% | $1.20 | — | NOTE 3.250% 8/1 | 97717PAH7 |
| GOOGL | ALPHABET INC | 3,500 | $1,096 | 1.0% | $285.60 | 0.0% | CAP STK CL A | 02079K305 |
| VIK | VIKING HOLDINGS LTD | 15,000 | $1,071 | 1.0% | $63.81 | 0.0% | ORD SHS | G93A5A101 |
| — | LIVE NATION ENTERTAINMENT IN | 1,000,000 | $1,053 | 1.0% | $1.05 | — | NOTE 2.875% 1/1 | 538034BC2 |
| BA | BOEING CO | 15,000 | $1,037 | 1.0% | $205.66 | 0.0% | COM | 097023105 |
| KKR | KKR & CO INC | 20,000 | $1,026 | 1.0% | $124.29 | 0.0% | COM | 48251W104 |
| ARES | ARES MANAGEMENT CORPORATION | 20,000 | $1,006 | 0.9% | $154.95 | 0.0% | CL A COM STK | 03990B101 |
| XBI | SPDR SERIES TRUST | 7,500 | $914 | 0.9% | $121.93 | — | STATE STREET SPD | 78464A870 |
| — | RAMACO RES INC | 1,000,000 | $850 | 0.8% | $0.85 | — | NOTE 11/0 | 75134PAB1 |
| ULS | UL SOLUTIONS INC | 10,000 | $789 | 0.7% | $80.28 | 0.0% | CLASS A COM SHS | 903731107 |
| NIQ | NIQ GLOBAL INTELLIGENCE PLC | 47,119 | $777 | 0.7% | $14.64 | 0.0% | ORDINARY SHARES | G63755105 |
| HPP | HUDSON PAC PPTYS INC | 70,767 | $766 | 0.7% | $10.83 | — | COM | 444097406 |
| INR | INFINITY NAT RES INC | 48,063 | $708 | 0.7% | $13.11 | 0.0% | COM CL A | 456941103 |
| CWH | CAMPING WORLD HLDGS INC | 68,354 | $665 | 0.6% | $12.26 | 0.0% | CL A | 13462K109 |
| SATL | SATELLOGIC INC | 355,000 | $664 | 0.6% | $1.87 | — | COM CL A | 80401C100 |
| XRT | SPDR SERIES TRUST | 7,500 | $640 | 0.6% | $85.29 | — | STATE STREET SPD | 78464A714 |
| — | UPSTART HLDGS INC | 500,000 | $633 | 0.6% | $1.26 | — | NOTE 2.000%10/0 | 91680MAD9 |
| XLF | SELECT SECTOR SPDR TR | 10,000 | $548 | 0.5% | $54.77 | — | STATE STREET FIN | 81369Y605 |
| VVX | V2X INC | 10,000 | $546 | 0.5% | $56.27 | 0.0% | COM | 92242T101 |
| SPY | SPDR S&P 500 ETF TR | 90,000 | $526 | 0.5% | — | — | Put | 78462F103 |
| IWM | ISHARES TR | 165,000 | $508 | 0.5% | $246.16 | — | Put | 464287655 |
| LWLG | LIGHTWAVE LOGIC INC | 150,000 | $486 | 0.5% | $4.44 | 0.0% | COM | 532275104 |
| XLE | SELECT SECTOR SPDR TR | 10,000 | $447 | 0.4% | $44.71 | — | STATE STREET ENE | 81369Y506 |
| AMTM | AMENTUM HOLDINGS INC | 15,000 | $435 | 0.4% | $25.56 | 0.0% | COM | 023939101 |
| XLI | SELECT SECTOR SPDR TR | 2,500 | $388 | 0.4% | $155.12 | — | STATE STREET IND | 81369Y704 |
| ARKK | ARK ETF TR | 5,000 | $385 | 0.4% | $76.92 | — | INNOVATION ETF | 00214Q104 |
| TJX | TJX COS INC NEW | 2,500 | $384 | 0.4% | $147.70 | 0.0% | COM | 872540109 |
| SPY | SPDR S&P 500 ETF TR | 200,000 | $350 | 0.3% | — | — | Call | 78462F103 |
| ITT | ITT INC | 2,000 | $347 | 0.3% | $179.17 | 0.0% | COM | 45073V108 |
| HOOD | ROBINHOOD MKTS INC | 2,500 | $283 | 0.3% | $130.05 | 0.0% | COM CL A | 770700102 |
| HOOD | ROBINHOOD MKTS INC | 30,000 | $242 | 0.2% | $130.05 | 0.0% | Put | 770700102 |
| SOLV | SOLVENTUM CORP | 2,000 | $158 | 0.1% | $76.59 | 0.0% | COM SHS | 83444M101 |
| FISV | FISERV INC | 57,500 | $148 | 0.1% | $83.87 | 0.0% | Put | 337738108 |
| XRT | SPDR SERIES TRUST | 60,000 | $131 | 0.1% | $85.29 | — | Put | 78464A714 |
| NCLH | NORWEGIAN CRUISE LINE HLDG L | 5,000 | $112 | 0.1% | $21.11 | 0.0% | SHS | G66721104 |
| AAPL | APPLE INC | 30,000 | $109 | 0.1% | $268.34 | 0.0% | Put | 037833100 |
| PENN | PENN ENTERTAINMENT INC | 75,000 | $102 | 0.1% | — | — | Call | 707569109 |
| XBI | SPDR SERIES TRUST | 30,100 | $91 | 0.1% | $121.93 | — | Put | 78464A870 |
| XLI | SELECT SECTOR SPDR TR | 30,000 | $72 | 0.1% | $155.12 | — | Put | 81369Y704 |
| ULS | UL SOLUTIONS INC | 49,800 | $70 | 0.1% | $80.28 | 0.0% | Call | 903731107 |
| XLE | SELECT SECTOR SPDR TR | 100,000 | $68 | 0.1% | $44.71 | — | Put | 81369Y506 |
| XLF | SELECT SECTOR SPDR TR | 200,000 | $62 | 0.1% | $54.77 | — | Put | 81369Y605 |
| ARKK | ARK ETF TR | 30,000 | $62 | 0.1% | $76.92 | — | Put | 00214Q104 |
| AMTM | AMENTUM HOLDINGS INC | 110,100 | $57 | 0.1% | $25.56 | 0.0% | Put | 023939101 |
| WMT | WALMART INC | 50,000 | $56 | 0.1% | $107.20 | 0.0% | Put | 931142103 |
| SOLV | SOLVENTUM CORP | 10,000 | $54 | 0.0% | $76.59 | 0.0% | Put | 83444M101 |
| FLX | BINGEX LTD | 16,790 | $53 | 0.0% | $3.18 | — | SPONSORED ADS A | 090337106 |
| ZONE | CLEANCORE SOLUTIONS INC | 200,000 | $52 | 0.0% | $0.84 | 0.0% | CLASS B COM SHS | 184492106 |
| BTSG | BRIGHTSPRING HEALTH SVCS INC | 1,327 | $50 | 0.0% | $33.54 | 0.0% | COM | 10950A106 |
| SN | SHARKNINJA INC | 20,000 | $48 | 0.0% | — | — | Call | G8068L108 |
| NBIS | NEBIUS GROUP N.V. | 12,500 | $46 | 0.0% | — | — | Call | N97284108 |
| TJX | TJX COS INC NEW | 30,000 | $44 | 0.0% | $147.70 | 0.0% | Put | 872540109 |
| NVDA | NVIDIA CORPORATION | 10,000 | $39 | 0.0% | — | — | Call | 67066G104 |
| KO | COCA COLA CO | 50,000 | $37 | 0.0% | $69.40 | 0.0% | Put | 191216100 |
| AMLP | ALPS ETF TR | 64,700 | $27 | 0.0% | — | — | Put | 00162Q452 |
| TPR | TAPESTRY INC | 44,600 | $25 | 0.0% | $114.03 | 0.0% | Put | 876030107 |
| KWEB | KRANESHARES TRUST | 137,400 | $17 | 0.0% | — | — | Call | 500767306 |
| ALHC | ALIGNMENT HEALTHCARE INC | 20,000 | $17 | 0.0% | — | — | Put | 01625V104 |
| GOOGL | ALPHABET INC | 10,000 | $16 | 0.0% | $285.60 | 0.0% | Put | 02079K305 |
| BTSG | BRIGHTSPRING HEALTH SVCS INC | 70,000 | $16 | 0.0% | $33.54 | 0.0% | Put | 10950A106 |
| TSLA | TESLA INC | 2,000 | $13 | 0.0% | — | — | Put | 88160R101 |
| VIK | VIKING HOLDINGS LTD | 35,000 | $13 | 0.0% | $63.81 | 0.0% | Put | G93A5A101 |
| UBS | UBS GROUP AG | 125,000 | $11 | 0.0% | — | — | Put | H42097107 |
| CWH | CAMPING WORLD HLDGS INC | 25,000 | $8 | 0.0% | $12.26 | 0.0% | Call | 13462K109 |
| NCLH | NORWEGIAN CRUISE LINE HLDG L | 10,000 | $8 | 0.0% | $21.11 | 0.0% | Put | G66721104 |
| RIOT | RIOT PLATFORMS INC | 45,000 | $8 | 0.0% | — | — | Call | 767292105 |