DBA TRADING, LLC Concentrated Active

CIK: 0002067608 · Show all filings

Period: Q4 2025

Filing Date: Feb 17, 2026

Total Value ($000): $155,390 (100.0% shares, 0.0% debt)

Holdings (39)

NFLX NETFLIX INC 32.8%

Value ($000) $51,005 Shares 544,000 Est. Cost $107.81 Unrealized 0.0%

NFLX NETFLIX INC 30.6%

Value ($000) $47,510 Shares 506,724 Est. Cost $107.81 Unrealized 0.0%

GLD SPDR GOLD TR 7.2%

Value ($000) $11,255 Shares 28,400 Est. Cost $396.31 Unrealized —

SPY SPDR S&P 500 ETF TR 3.6%

Value ($000) $5,524 Shares 8,100 Est. Cost $681.92 Unrealized —

SQNS SEQUANS COMMUNICATIONS S A 3.2%

Value ($000) $5,039 Shares 1,122,219 Est. Cost $4.49 Unrealized —

CVNA CARVANA CO 2.9%

Value ($000) $4,431 Shares 10,500 Est. Cost $371.73 Unrealized 0.0%

APLD APPLIED DIGITAL CORP 2.7%

Value ($000) $4,210 Shares 171,700 Est. Cost — Unrealized —

GSM FERROGLOBE PLC 1.5%

Value ($000) $2,408 Shares 519,060 Est. Cost $4.60 Unrealized 0.0%

MSFT MICROSOFT CORP 1.4%

Value ($000) $2,176 Shares 4,500 Est. Cost $500.58 Unrealized 0.0%

MSTR STRATEGY INC 0.9%

Value ($000) $1,398 Shares 9,200 Est. Cost $230.22 Unrealized 0.0%

EKSO EKSO BIONICS HLDGS INC 0.9%

Value ($000) $1,354 Shares 156,763 Est. Cost $5.01 Unrealized 0.0%

AMN AMN HEALTHCARE SVCS INC 0.8%

Value ($000) $1,214 Shares 77,000 Est. Cost $17.85 Unrealized 0.0%

IBIT ISHARES BITCOIN TRUST ETF 0.8%

Value ($000) $1,197 Shares 24,100 Est. Cost $49.65 Unrealized —

RILY B. RILEY FINANCIAL INC 0.7%

Value ($000) $1,153 Shares 246,857 Est. Cost $4.95 Unrealized 0.0%

EEFT EURONET WORLDWIDE INC 0.7%

Value ($000) $1,142 Shares 15,000 Est. Cost $77.96 Unrealized 0.0%

GEL GENESIS ENERGY L P 0.7%

Value ($000) $1,131 Shares 72,500 Est. Cost $15.60 Unrealized —

XPOF XPONENTIAL FITNESS INC 0.7%

Value ($000) $1,094 Shares 132,877 Est. Cost $7.10 Unrealized 0.0%

DAR DARLING INGREDIENTS INC 0.7%

Value ($000) $1,080 Shares 30,000 Est. Cost $33.85 Unrealized 0.0%

DRVN DRIVEN BRANDS HLDGS INC 0.7%

Value ($000) $1,037 Shares 70,000 Est. Cost $14.88 Unrealized 0.0%

OLN OLIN CORP 0.6%

Value ($000) $937 Shares 45,000 Est. Cost $21.44 Unrealized 0.0%

AMTM AMENTUM HOLDINGS INC 0.6%

Value ($000) $905 Shares 31,196 Est. Cost $25.56 Unrealized 0.0%

MGNI MAGNITE INC 0.6%

Value ($000) $893 Shares 55,000 Est. Cost $16.60 Unrealized 0.0%

RYZ RYERSON HLDG CORP 0.6%

Value ($000) $881 Shares 35,000 Est. Cost $23.00 Unrealized 0.0%

TDW TIDEWATER INC NEW 0.6%

Value ($000) $859 Shares 17,000 Est. Cost $52.82 Unrealized 0.0%

CDZI CADIZ INC 0.5%

Value ($000) $774 Shares 138,040 Est. Cost $5.37 Unrealized 0.0%

META META PLATFORMS INC 0.4%

Value ($000) $660 Shares 1,000 Est. Cost $667.32 Unrealized 0.0%

LFCR LIFECORE BIOMEDICAL INC 0.4%

Value ($000) $614 Shares 75,000 Est. Cost $7.40 Unrealized 0.0%

ACVA ACV AUCTIONS INC 0.4%

Value ($000) $561 Shares 70,000 Est. Cost $8.09 Unrealized 0.0%

PRGO PERRIGO CO PLC 0.4%

Value ($000) $557 Shares 40,000 Est. Cost $16.67 Unrealized 0.0%

BYND BEYOND MEAT INC 0.4%

Value ($000) $550 Shares 671,300 Est. Cost $1.39 Unrealized 0.0%

NVDA NVIDIA CORPORATION 0.2%

Value ($000) $373 Shares 2,000 Est. Cost $186.13 Unrealized 0.0%

EFXT ENERFLEX LTD 0.2%

Value ($000) $370 Shares 24,000 Est. Cost $13.30 Unrealized 0.0%

ROG ROGERS CORP 0.2%

Value ($000) $275 Shares 3,000 Est. Cost $85.87 Unrealized 0.0%

CRCL CIRCLE INTERNET GROUP INC 0.2%

Value ($000) $238 Shares 3,000 Est. Cost $103.35 Unrealized 0.0%

OEC ORION S.A. 0.1%

Value ($000) $209 Shares 39,500 Est. Cost $5.42 Unrealized 0.0%

CRWV COREWEAVE INC 0.1%

Value ($000) $201 Shares 2,800 Est. Cost $101.39 Unrealized 0.0%

AMC AMC ENTMT HLDGS INC 0.1%

Value ($000) $137 Shares 87,600 Est. Cost $2.38 Unrealized 0.0%

AMD ADVANCED MICRO DEVICES INC 0.0%

Value ($000) $21 Shares 100 Est. Cost $224.60 Unrealized 0.0%

SBET SHARPLINK GAMING INC 0.0%

Value ($000) $18 Shares 2,000 Est. Cost $12.21 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	544,000	$51,005	32.8%	$107.81	0.0%	Call	64110L106
NFLX	NETFLIX INC	506,724	$47,510	30.6%	$107.81	0.0%	COM	64110L106
GLD	SPDR GOLD TR	28,400	$11,255	7.2%	$396.31	—	GOLD SHS	78463V107
SPY	SPDR S&P 500 ETF TR	8,100	$5,524	3.6%	$681.92	—	TR UNIT	78462F103
SQNS	SEQUANS COMMUNICATIONS S A	1,122,219	$5,039	3.2%	$4.49	—	SPONSORED ADS	817323405
CVNA	CARVANA CO	10,500	$4,431	2.9%	$371.73	0.0%	CL A	146869102
APLD	APPLIED DIGITAL CORP	171,700	$4,210	2.7%	—	—	Put	038169207
GSM	FERROGLOBE PLC	519,060	$2,408	1.5%	$4.60	0.0%	SHS	G33856108
MSFT	MICROSOFT CORP	4,500	$2,176	1.4%	$500.58	0.0%	COM	594918104
MSTR	STRATEGY INC	9,200	$1,398	0.9%	$230.22	0.0%	CL A NEW	594972408
EKSO	EKSO BIONICS HLDGS INC	156,763	$1,354	0.9%	$5.01	0.0%	COM NEW	282644400
AMN	AMN HEALTHCARE SVCS INC	77,000	$1,214	0.8%	$17.85	0.0%	COM	001744101
IBIT	ISHARES BITCOIN TRUST ETF	24,100	$1,197	0.8%	$49.65	—	SHS BEN INT	46438F101
RILY	B. RILEY FINANCIAL INC	246,857	$1,153	0.7%	$4.95	0.0%	COM	05580M108
EEFT	EURONET WORLDWIDE INC	15,000	$1,142	0.7%	$77.96	0.0%	COM	298736109
GEL	GENESIS ENERGY L P	72,500	$1,131	0.7%	$15.60	—	UNIT LTD PARTN	371927104
XPOF	XPONENTIAL FITNESS INC	132,877	$1,094	0.7%	$7.10	0.0%	COM CL A	98422X101
DAR	DARLING INGREDIENTS INC	30,000	$1,080	0.7%	$33.85	0.0%	COM	237266101
DRVN	DRIVEN BRANDS HLDGS INC	70,000	$1,037	0.7%	$14.88	0.0%	COM	26210V102
OLN	OLIN CORP	45,000	$937	0.6%	$21.44	0.0%	COM PAR $1	680665205
AMTM	AMENTUM HOLDINGS INC	31,196	$905	0.6%	$25.56	0.0%	COM	023939101
MGNI	MAGNITE INC	55,000	$893	0.6%	$16.60	0.0%	COM	55955D100
RYZ	RYERSON HLDG CORP	35,000	$881	0.6%	$23.00	0.0%	COM	783754104
TDW	TIDEWATER INC NEW	17,000	$859	0.6%	$52.82	0.0%	COM	88642R109
CDZI	CADIZ INC	138,040	$774	0.5%	$5.37	0.0%	COM NEW	127537207
META	META PLATFORMS INC	1,000	$660	0.4%	$667.32	0.0%	CL A	30303M102
LFCR	LIFECORE BIOMEDICAL INC	75,000	$614	0.4%	$7.40	0.0%	COM	514766104
ACVA	ACV AUCTIONS INC	70,000	$561	0.4%	$8.09	0.0%	COM CL A	00091G104
PRGO	PERRIGO CO PLC	40,000	$557	0.4%	$16.67	0.0%	SHS	G97822103
BYND	BEYOND MEAT INC	671,300	$550	0.4%	$1.39	0.0%	COM	08862E109
NVDA	NVIDIA CORPORATION	2,000	$373	0.2%	$186.13	0.0%	COM	67066G104
EFXT	ENERFLEX LTD	24,000	$370	0.2%	$13.30	0.0%	COM	29269R105
ROG	ROGERS CORP	3,000	$275	0.2%	$85.87	0.0%	COM	775133101
CRCL	CIRCLE INTERNET GROUP INC	3,000	$238	0.2%	$103.35	0.0%	COM CL A	172573107
OEC	ORION S.A.	39,500	$209	0.1%	$5.42	0.0%	COM	L72967109
CRWV	COREWEAVE INC	2,800	$201	0.1%	$101.39	0.0%	COM CL A	21873S108
AMC	AMC ENTMT HLDGS INC	87,600	$137	0.1%	$2.38	0.0%	CL A NEW	00165C302
AMD	ADVANCED MICRO DEVICES INC	100	$21	0.0%	$224.60	0.0%	COM	007903107
SBET	SHARPLINK GAMING INC	2,000	$18	0.0%	$12.21	0.0%	COM NEW	820014405