BlackBarn Capital Partners LP Hedge Fund

CIK: 0002010204 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,520,651 (100.0% shares, 0.0% debt)

Holdings (16)

New Positions (1)

NIQ NIQ GLOBAL INTELLIGENCE PLC 2.0%

Value ($000) $29,682 Shares 1,800,000 Est. Cost $14.64 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NIQ	NIQ GLOBAL INTELLIGENCE PLC	1,800,000	$29,682	2.0%	$14.64	0.0%	ORDINARY SHARES	G63755105

Increased Positions (10)

SPY SPDR S&P 500 ETF TR 67.3%

Value ($000) $1,022,880 (+22.8%) Shares 1,500,000 (+20.0%) Est. Cost — Unrealized —

WRBY WARBY PARKER INC 4.3%

Value ($000) $65,370 (+137.0%) Shares 3,000,000 (+200.0%) Est. Cost — Unrealized —

ELAN ELANCO ANIMAL HEALTH INC 2.5%

Value ($000) $38,471 (+154.7%) Shares 1,700,000 (+126.7%) Est. Cost — Unrealized —

MH MCGRAW HILL INC 1.5%

Value ($000) $23,100 (+116.4%) Shares 1,400,000 (+64.6%) Est. Cost $14.51 Unrealized +0.0%

NEE NEXTERA ENERGY INC 1.8%

Value ($000) $26,894 (+31.9%) Shares 335,000 (+24.1%) Est. Cost $71.14 Unrealized +16.0%

VKTX VIKING THERAPEUTICS INC 1.3%

Value ($000) $19,349 (+47.3%) Shares 550,000 (+10.0%) Est. Cost $28.11 Unrealized +26.1%

OSCR OSCAR HEALTH INC 1.2%

Value ($000) $18,681 (-21.1%) Shares 1,300,000 (+4.0%) Est. Cost — Unrealized —

DHC DIVERSIFIED HEALTHCARE TR 2.1%

Value ($000) $31,671 (+16.8%) Shares 6,530,140 (+6.2%) Est. Cost $3.09 Unrealized —

PRVA PRIVIA HEALTH GROUP INC 2.0%

Value ($000) $30,823 (+13.5%) Shares 1,300,000 (+19.2%) Est. Cost $21.23 Unrealized +14.7%

CCOI COGENT COMMUNICATIONS HLDGS 0.9%

Value ($000) $14,014 (-2.6%) Shares 650,000 (+73.3%) Est. Cost $44.99 Unrealized -34.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	1,500,000 (+20.0%)	$1,022,880 (+22.8%)	67.3%	—	—	PUT	78462F103
WRBY	WARBY PARKER INC	3,000,000 (+200.0%)	$65,370 (+137.0%)	4.3%	—	—	PUT	93403J106
ELAN	ELANCO ANIMAL HEALTH INC	1,700,000 (+126.7%)	$38,471 (+154.7%)	2.5%	—	—	PUT	28414H103
MH	MCGRAW HILL INC	1,400,000 (+64.6%)	$23,100 (+116.4%)	1.5%	$14.51	+0.0%	COM	580907103
NEE	NEXTERA ENERGY INC	335,000 (+24.1%)	$26,894 (+31.9%)	1.8%	$71.14	+16.0%	COM	65339F101
VKTX	VIKING THERAPEUTICS INC	550,000 (+10.0%)	$19,349 (+47.3%)	1.3%	$28.11	+26.1%	COM	92686J106
OSCR	OSCAR HEALTH INC	1,300,000 (+4.0%)	$18,681 (-21.1%)	1.2%	—	—	PUT	687793109
DHC	DIVERSIFIED HEALTHCARE TR	6,530,140 (+6.2%)	$31,671 (+16.8%)	2.1%	$3.09	—	COM SH BEN INT	25525P107
PRVA	PRIVIA HEALTH GROUP INC	1,300,000 (+19.2%)	$30,823 (+13.5%)	2.0%	$21.23	+14.7%	COM	74276R102
CCOI	COGENT COMMUNICATIONS HLDGS	650,000 (+73.3%)	$14,014 (-2.6%)	0.9%	$44.99	-34.4%	COM NEW	19239V302

Exited Positions (5)

NXT NEXTRACKER INC 1.7%

Value ($000) $25,897 Shares 350,000 Est. Cost $46.75 Unrealized +94.0%

TEVA TEVA PHARMACEUTICAL INDS LTD 1.3%

Value ($000) $20,200 Shares 1,000,000 Est. Cost $18.24 Unrealized —

MOH MOLINA HEALTHCARE INC 1.2%

Value ($000) $18,179 Shares 95,000 Est. Cost $301.45 Unrealized -45.5%

FBLA FB BANCORP INC 0.5%

Value ($000) $7,509 Shares 624,700 Est. Cost $11.89 Unrealized +4.4%

BVFL BV FINL INC 0.3%

Value ($000) $4,698 Shares 291,442 Est. Cost $11.55 Unrealized +49.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NXT	NEXTRACKER INC	350,000	$25,897	1.7%	$46.75	+94.0%	—	65290E101
TEVA	TEVA PHARMACEUTICAL INDS LTD	1,000,000	$20,200	1.3%	$18.24	—	—	881624209
MOH	MOLINA HEALTHCARE INC	95,000	$18,179	1.2%	$301.45	-45.5%	—	60855R100
FBLA	FB BANCORP INC	624,700	$7,509	0.5%	$11.89	+4.4%	—	31425A109
BVFL	BV FINL INC	291,442	$4,698	0.3%	$11.55	+49.0%	—	05603E208

Decreased Positions (5)

RMD RESMED INC 6.3%

Value ($000) $96,348 (-49.7%) Shares 400,000 (-42.9%) Est. Cost — Unrealized —

ACLS AXCELIS TECHNOLOGIES INC 0.5%

Value ($000) $7,759 (-60.3%) Shares 96,573 (-51.7%) Est. Cost $65.54 Unrealized +27.8%

AMRX AMNEAL PHARMACEUTICALS INC 1.3%

Value ($000) $19,782 (-9.7%) Shares 1,570,000 (-28.3%) Est. Cost $6.71 Unrealized +70.6%

ROIV ROIVANT SCIENCES LTD 4.4%

Value ($000) $66,929 (+0.5%) Shares 3,084,300 (-29.9%) Est. Cost $10.63 Unrealized +85.5%

ABUS ARBUTUS BIOPHARMA CORP 0.6%

Value ($000) $8,899 (-2.0%) Shares 1,850,000 (-7.5%) Est. Cost $2.78 Unrealized +61.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RMD	RESMED INC	400,000 (-42.9%)	$96,348 (-49.7%)	6.3%	—	—	PUT	761152107
ACLS	AXCELIS TECHNOLOGIES INC	96,573 (-51.7%)	$7,759 (-60.3%)	0.5%	$65.54	+27.8%	COM NEW	054540208
AMRX	AMNEAL PHARMACEUTICALS INC	1,570,000 (-28.3%)	$19,782 (-9.7%)	1.3%	$6.71	+70.6%	COM STK CL A	03168L105
ROIV	ROIVANT SCIENCES LTD	3,084,300 (-29.9%)	$66,929 (+0.5%)	4.4%	$10.63	+85.5%	SHS	G76279101
ABUS	ARBUTUS BIOPHARMA CORP	1,850,000 (-7.5%)	$8,899 (-2.0%)	0.6%	$2.78	+61.9%	COM	03879J100