Explore Capital Management, LLC Diversified Active

CIK: 0002026286 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $120,614 (100.0% shares, 0.0% debt)

Holdings (14)

New Positions (4)

MA MASTERCARD INCORPORATED 11.4%

Value ($000) $13,701 Shares 24,000 Est. Cost $558.95 Unrealized 0.0%

MU MICRON TECHNOLOGY INC 7.7%

Value ($000) $9,304 Shares 32,600 Est. Cost $229.35 Unrealized 0.0%

V VISA INC 6.7%

Value ($000) $8,066 Shares 23,000 Est. Cost $340.38 Unrealized 0.0%

META META PLATFORMS INC 4.7%

Value ($000) $5,710 Shares 8,650 Est. Cost $667.32 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MA	MASTERCARD INCORPORATED	24,000	$13,701	11.4%	$558.95	0.0%	CL A	57636Q104
MU	MICRON TECHNOLOGY INC	32,600	$9,304	7.7%	$229.35	0.0%	COM	595112103
V	VISA INC	23,000	$8,066	6.7%	$340.38	0.0%	COM CL A	92826C839
META	META PLATFORMS INC	8,650	$5,710	4.7%	$667.32	0.0%	CL A	30303M102

Increased Positions (1)

SPGI S&P GLOBAL INC 12.0%

Value ($000) $14,502 (+41.9%) Shares 27,750 (+32.1%) Est. Cost $524.20 Unrealized -5.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	27,750 (+32.1%)	$14,502 (+41.9%)	12.0%	$524.20	-5.7%	COM	78409V104

Exited Positions (5)

WDAY WORKDAY INC 10.9%

Value ($000) $13,178 Shares 54,740 Est. Cost $241.32 Unrealized -5.8%

FLUT FLUTTER ENTMT PLC 8.2%

Value ($000) $9,886 Shares 38,920 Est. Cost $252.63 Unrealized -11.0%

MRVL MARVELL TECHNOLOGY INC 8.0%

Value ($000) $9,657 Shares 114,870 Est. Cost $64.56 Unrealized +35.5%

WCN WASTE CONNECTIONS INC 5.7%

Value ($000) $6,856 Shares 39,000 Est. Cost $181.87 Unrealized -5.0%

TMO THERMO FISHER SCIENTIFIC INC 4.7%

Value ($000) $5,723 Shares 11,800 Est. Cost $417.06 Unrealized +35.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WDAY	WORKDAY INC	54,740	$13,178	10.9%	$241.32	-5.8%	—	98138H101
FLUT	FLUTTER ENTMT PLC	38,920	$9,886	8.2%	$252.63	-11.0%	—	G3643J108
MRVL	MARVELL TECHNOLOGY INC	114,870	$9,657	8.0%	$64.56	+35.5%	—	573874104
WCN	WASTE CONNECTIONS INC	39,000	$6,856	5.7%	$181.87	-5.0%	—	94106B101
TMO	THERMO FISHER SCIENTIFIC INC	11,800	$5,723	4.7%	$417.06	+35.5%	—	883556102

Decreased Positions (8)

HDB HDFC BANK LTD 2.9%

Value ($000) $3,547 (-65.3%) Shares 97,060 (-67.5%) Est. Cost $50.29 Unrealized —

THC TENET HEALTHCARE CORP 3.6%

Value ($000) $4,392 (-57.0%) Shares 22,100 (-56.1%) Est. Cost $150.53 Unrealized +34.3%

OWL BLUE OWL CAPITAL INC 7.7%

Value ($000) $9,282 (-37.6%) Shares 621,318 (-29.3%) Est. Cost $18.65 Unrealized -16.1%

TSM TAIWAN SEMICONDUCTOR MFG 10.5%

Value ($000) $12,621 (-27.2%) Shares 41,532 (-33.0%) Est. Cost $233.75 Unrealized —

NU NU HLDGS LTD 4.7%

Value ($000) $5,624 (-42.0%) Shares 335,950 (-44.6%) Est. Cost $11.99 Unrealized +34.0%

EFX EQUIFAX INC 5.4%

Value ($000) $6,509 (-38.0%) Shares 30,000 (-26.7%) Est. Cost $252.31 Unrealized -13.3%

AMZN AMAZON COM INC 15.6%

Value ($000) $18,806 (-16.6%) Shares 81,475 (-20.6%) Est. Cost $199.04 Unrealized +14.9%

CPNG COUPANG INC 2.1%

Value ($000) $2,548 (-47.4%) Shares 108,000 (-28.2%) Est. Cost $25.70 Unrealized +10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HDB	HDFC BANK LTD	97,060 (-67.5%)	$3,547 (-65.3%)	2.9%	$50.29	—	SPONSORED ADS	40415F101
THC	TENET HEALTHCARE CORP	22,100 (-56.1%)	$4,392 (-57.0%)	3.6%	$150.53	+34.3%	COM NEW	88033G407
OWL	BLUE OWL CAPITAL INC	621,318 (-29.3%)	$9,282 (-37.6%)	7.7%	$18.65	-16.1%	COM CL A	09581B103
TSM	TAIWAN SEMICONDUCTOR MFG	41,532 (-33.0%)	$12,621 (-27.2%)	10.5%	$233.75	—	SPONSORED ADS	874039100
NU	NU HLDGS LTD	335,950 (-44.6%)	$5,624 (-42.0%)	4.7%	$11.99	+34.0%	ORD SHS CL A	G6683N103
EFX	EQUIFAX INC	30,000 (-26.7%)	$6,509 (-38.0%)	5.4%	$252.31	-13.3%	COM	294429105
AMZN	AMAZON COM INC	81,475 (-20.6%)	$18,806 (-16.6%)	15.6%	$199.04	+14.9%	COM	023135106
CPNG	COUPANG INC	108,000 (-28.2%)	$2,548 (-47.4%)	2.1%	$25.70	+10.7%	CL A	22266T109

Unchanged Positions (1)

AEM AGNICO EAGLE MINES LTD 5.0%

Value ($000) $6,001 Shares 35,400 Est. Cost $119.74 Unrealized +40.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AEM	AGNICO EAGLE MINES LTD	35,400	$6,001	5.0%	$119.74	+40.2%	COM	008474108