HOLLENCREST CAPITAL MANAGEMENT

13F filer, CIK 1161722, NEWPORT BEACH, CA

HOLLENCREST CAPITAL MANAGEMENT reported $2,504,865,750 across 1,167 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-10. Its ten largest share positions make up 54.03% of the portfolio.

Filed 2025-02-10 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:55 UTC13F-HR 0001161722-25-000003

Period: 2024-12-31
Reported value: $2.5B
Holdings: 1,167
Top 10 weight: 54.03%
New: 153
Sold out: 89

Largest buys vs the previous quarter

Security	Shares change	Approx. value
QBUFnew	+1,956,046	$51.6M
SPYadded	+11,493	$6.74M
KIEadded	+109,975	$6.21M
IAKnew	+36,032	$4.56M
TMFadded	+76,068	$3.04M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
TUAreduced	-1,249,848	-$26.5M
TNAreduced	-478,487	-$20M
XLBreduced	-130,721	-$11M
MUCreduced	-720,672	-$7.66M
BLACKROCK MUN INCOME TRreduced	-295,234	-$2.91M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0001161722-25-000003, largest first. % of portfolio is the value over $2,479,949,558, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
NVTNVENT ELEC PLC	17	$1.16K	<0.01%	0		Timeline
IGFISHARES TR	22	$1.15K	<0.01%	0		Timeline
SLDPSOLID POWER INC	605	$1.14K	<0.01%	0		Timeline
BBDBANCO BRADESCO S A	590	$1.13K	<0.01%	0		Timeline
SOXSDIREXION DAILY SEMI BEAR 3X	50	$1.12K	<0.01%	0		Timeline
WTREWISDOMTREE TR	64	$1.1K	<0.01%	0		Timeline
SIVRABRDN SILVER ETF TRUST	40	$1.1K	<0.01%	0		Timeline
CPNGCOUPANG INC	50	$1.1K	<0.01%	0		Timeline
MCHBMECHANICS BANCORP	94	$1.07K	<0.01%	0		Timeline
VEREN INCVEREN INC	200	$1.03K	<0.01%	0
CXCEMEX SAB DE CV	180	$1.01K	<0.01%	0		Timeline
DXCMDEXCOM INC	13	$1.01K	<0.01%	-1,000		Timeline
LITELUMENTUM HLDGS INC	12	$1.01K	<0.01%	0		Timeline
NATNORDIC AMERICAN TANKERS LIMI	400	$1K	<0.01%	0		Timeline
UALUNITED AIRLS HLDGS INC	10	$971	<0.01%	0		Timeline
GRIDFIRST TR EXCHANGE-TRADED FD	8	$955	<0.01%	new		Timeline
MIDUDIREXION SHARES ETF TRUST	18	$950	<0.01%	new		Timeline
SHLDGLOBAL X FDS	25	$935	<0.01%	-32		Timeline
CUREDIREXION SHARES ETF TRUST	10	$923	<0.01%	new		Timeline
LUNRINTUITIVE MACHINES INC	50	$908	<0.01%	new		Timeline
MARAMARA HOLDINGS INC	54	$906	<0.01%	0		Timeline
NIONIO INC	200	$872	<0.01%	0		Timeline
ADICET BIO INCADICET BIO INC	900	$866	<0.01%	+600
MUBISHARES TR	8	$852	<0.01%	0		Timeline
CHAMPIONX CORPORATIONCHAMPIONX CORPORATION	31	$843	<0.01%	0
CHEFCHEFS WHSE INC	16	$789	<0.01%	0		Timeline
IQVIQVIA HLDGS INC	4	$786	<0.01%	0		Timeline
NMRKNEWMARK GROUP INC	61	$781	<0.01%	0		Timeline
AMKRAMKOR TECHNOLOGY INC	30	$771	<0.01%	0		Timeline
SMOGVANECK ETF TRUST	8	$768	<0.01%	0		Timeline
HSTMHEALTHSTREAM INC	24	$763	<0.01%	0		Timeline
DNAGINKGO BIOWORKS HOLDINGS INC	75	$737	<0.01%	0		Timeline
USHYISHARES TR	20	$736	<0.01%	0		Timeline
ITUBITAU UNIBANCO HLDG S A	148	$734	<0.01%	0		Timeline
PCYINVESCO EXCH TRADED FD TR II	37	$733	<0.01%	0		Timeline
FMCFMC CORP	15	$729	<0.01%	0		Timeline
NOKNOKIA CORP	164	$727	<0.01%	0		Timeline
PPGPPG INDS INC	6	$717	<0.01%	0		Timeline
DDOGDATADOG INC	5	$714	<0.01%	0		Timeline
PBWINVESCO EXCHANGE TRADED FD T	35	$700	<0.01%	0		Timeline
KCESPDR SERIES TRUST	5	$689	<0.01%	0		Timeline
BEAMBEAM THERAPEUTICS INC	26	$645	<0.01%	0		Timeline
EDITEDITAS MEDICINE INC	500	$635	<0.01%	0		Timeline
VALEVALE S A	69	$612	<0.01%	0		Timeline
RWXSPDR INDEX SHS FDS	26	$599	<0.01%	0		Timeline
SPEUSPDR INDEX SHS FDS	15	$598	<0.01%	0		Timeline
VIAVVIAVI SOLUTIONS INC	58	$586	<0.01%	-6		Timeline
REZIRESIDEO TECHNOLOGIES INC	25	$576	<0.01%	0		Timeline
LARLITHIUM ARGENTINA AG	200	$524	<0.01%	new		Timeline
LYFTLYFT INC	40	$516	<0.01%	-200		Timeline
XDSQINNOVATOR ETFS TRUST	14	$510	<0.01%	new		Timeline
BOWBOWHEAD SPECIALTY HLDGS INC	14	$497	<0.01%	new		Timeline
MTARCELORMITTAL SA LUXEMBOURG	20	$463	<0.01%	0		Timeline
EMEEMCOR GROUP INC	1	$454	<0.01%	new		Timeline
LOARLOAR HOLDINGS INC	6	$443	<0.01%	new		Timeline
OLPXOLAPLEX HLDGS INC	256	$443	<0.01%	0		Timeline
SCZISHARES TR	7	$425	<0.01%	0		Timeline
PSILADVISORSHARES TR	38	$417	<0.01%	0		Timeline
OXY/WSOCCIDENTAL PETE CORP	15	$413	<0.01%	0		Timeline
PBRPETROLEO BRASILEIRO S A	28	$360	<0.01%	0		Timeline
NTLAINTELLIA THERAPEUTICS INC	29	$338	<0.01%	0		Timeline
DALDELTA AIR LINES INC	5	$307	<0.01%	0		Timeline
DUSLDIREXION SHARES ETF TRUST	5	$275	<0.01%	0		Timeline
EGHT8X8 INC NEW	100	$267	<0.01%	0		Timeline
SPORTS ENTMT GAMING GLOBAL …SPORTS ENTMT GAMING GLOBAL COM	542	$262	<0.01%	0
BITXVOLATILITY SHS TR	5	$259	<0.01%	-5		Timeline
TTITETRA TECHNOLOGIES INC DEL	64	$229	<0.01%	0		Timeline
MRVLMARVELL TECHNOLOGY INC	2	$221	<0.01%	new		Timeline
ACBAURORA CANNABIS INC	50	$213	<0.01%	0		Timeline
MATTERPORT INCMATTERPORT INC	45	$213	<0.01%	0
XRNPXCOHEN & STEERS REIT & PFD &	10	$209	<0.01%	0		Timeline
PNRPENTAIR PLC	2	$201	<0.01%	0		Timeline
MONOGRAM TECHNOLOGIES INCMONOGRAM TECHNOLOGIES INC	80	$190	<0.01%	0
DXCDXC TECHNOLOGY CO	9	$180	<0.01%	0		Timeline
BYNDBEYOND MEAT INC	48	$180	<0.01%	0		Timeline
ASIXADVANSIX INC	6	$171	<0.01%	0		Timeline
AVDAMERICAN VANGUARD CORP	35	$162	<0.01%	0		Timeline
USALIBERTY ALL STAR EQUITY FD	22	$153	<0.01%	0		Timeline
SBSWSIBANYE STILLWATER LTD	44	$145	<0.01%	0		Timeline
SPHDINVESCO EXCH TRADED FD TR II	3	$145	<0.01%	0		Timeline
MDXGMIMEDX GROUP INC	15	$144	<0.01%	0		Timeline
GTXGARRETT MOTION INC	15	$135	<0.01%	0		Timeline
ARCADIUM LITHIUM PLCARCADIUM LITHIUM PLC	24	$123	<0.01%	0
AMPXAMPRIUS TECHNOLOGIES INC	40	$112	<0.01%	new		Timeline
RVTYREVVITY INC	1	$112	<0.01%	0		Timeline
BOOMDMC GLOBAL INC	15	$110	<0.01%	0		Timeline
VTSVITESSE ENERGY INC	4	$100	<0.01%	0		Timeline
AVID BIOSERVICES INCAVID BIOSERVICES INC	8	$99	<0.01%	0
ZIMZIM INTEGRATED SHIPPING SERV	4	$86	<0.01%	new		Timeline
REKRREKOR SYSTEMS INC	50	$78	<0.01%	new		Timeline
ZIMVIE INCZIMVIE INC	5	$70	<0.01%	0
MOBIX LABS INC COM CL AMOBIX LABS INC COM CL A	40	$68	<0.01%	new
ITBISHARES TR	1	$56	<0.01%	-500		Timeline
CIMCHIMERA INVT CORP	4	$56	<0.01%	0		Timeline
MRNAMODERNA INC	1	$42	<0.01%	0		Timeline
XPXP INC	3	$36	<0.01%	0		Timeline
WAFUWAH FU EDUCATION GROUP LIMIT	20	$34	<0.01%	0		Timeline
EMBCEMBECTA CORP	1	$21	<0.01%	0		Timeline
GRALGRAIL INC	1	$18	<0.01%	0		Timeline
TILRAY INCTILRAY INC	8	$11	<0.01%	-769
MPTMEDICAL PROPERTIES TRUST INC	3	$10	<0.01%	+1		Timeline
SNDLSNDL INC	5	$9	<0.01%	0		Timeline
ALTOALTO INGREDIENTS INC	1	$2	<0.01%	0		Timeline
WHEELS UP EXPERIENCE INC WT…WHEELS UP EXPERIENCE INC WT EXP 0…	432	$1	<0.01%	0
PALATIN TECHNOLOGIES INCPALATIN TECHNOLOGIES INC	1	$1	<0.01%	0
CCICROWN CASTLE INC	0	$0	0%	-4,200	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.	Timeline
NCANUVEEN CALIFORNIA MUNI VLU F	0	$0	0%	-2,860	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.	Timeline
AAPUDIREXION SHARES ETF TRUST	0	$0	0%	-4,000	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.	Timeline
AMZZGRANITESHARES ETF TR	0	$0	0%	-1,000	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.	Timeline
JHSHANCOCK JOHN INCOME SECS TR	0	$0	0%	-5,508	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.	Timeline
NEW IRELAND FD INCORPORATEDNEW IRELAND FD INCORPORATED	19	$0	0%	0	Value filed as zero, left out of ratios.
CHINA NORTH EAST PETE HLDGS…CHINA NORTH EAST PETE HLDGS LT COM	1,000	$0	0%	0	Value filed as zero, left out of ratios.
SMART GLOBAL HLDGS INCSMART GLOBAL HLDGS INC	0	$0	0%	-1,550	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
DIREXION SHS ETF TRDIREXION SHS ETF TR	0	$0	0%	new	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
SOXXISHARES TR COM	put	25,000	$5.39M	new
GLDSPDR GOLD TR GOLD SHS	call	20,000	$4.84M	new
NOWSERVICENOW INC COM	call	3,200	$3.39M	new
QQQINVESCO QQQ TR COM	put	5,000	$2.56M	0
ATOMATOMERA INC COMMON STOCK	put	133,500	$1.55M	new
SPYSTATE STR SPDR S&P 500 ETF T SHS	call	1,400	$821K	new
METAMETA PLATFORMS INC COM	call	1,000	$586K	new
CDECOEUR MNG INC Stock	call	100,000	$572K	0
AAPLAPPLE INC COM	call	2,000	$501K	+1,800
ANETARISTA NETWORKS INC COM	call	4,300	$475K	new
PLTRPALANTIR TECHNOLOGIES INC COM	call	5,000	$378K	new
BABOEING CO COM	call	2,000	$354K	new
AXONAXON ENTERPRISE INC STOK	call	500	$297K	new
ADBEADOBE INC COM	call	600	$267K	+300
AMZNAMAZON COM INC COM	call	1,000	$219K	new
ASMLASML HLDG NV STOK	call	300	$208K	new
QQQINVESCO QQQ TR COM	call	400	$204K	-100
RHRH COM	call	500	$197K	new
MMYTMAKEMYTRIP LIMITED MAURITIUS Stock	call	1,500	$168K	new
CMGCHIPOTLE MEXICAN GRILL INC STOK	call	2,500	$151K	new
DECKDECKERS OUTDOOR CORP COM	call	700	$142K	+500
AVGOBROADCOM INC COM	call	600	$139K	+500
SPOTSPOTIFY TECHNOLOGY S A STOK	call	300	$134K	new
EMREMERSON ELEC CO Stock	call	1,000	$124K	new
KKRKKR & CO INC COM	call	800	$118K	new
NVDANVIDIA CORPORATION COM	call	800	$107K	-900
PYPLPAYPAL HLDGS INC STOK	call	1,200	$102K	new
ULTAULTA BEAUTY INC Stock	call	200	$87K	new
MSFTMICROSOFT CORP COM	call	200	$84.3K	new
ANFABERCROMBIE & FITCH CO Stock	call	500	$74.7K	new
SHOPSHOPIFY INC CL A SUB VTG SHS	call	700	$74.4K	new
CAVACAVA GROUP INC STOK	call	600	$67.7K	+400
SNOWSNOWFLAKE INC Stock	call	400	$61.8K	new
HUMHUMANA INC Stock	put	200	$50.7K	new
CPRTCOPART INC Stock	call	700	$40.2K	new
NKENIKE INC COM	put	500	$37.8K	new
PANWPALO ALTO NETWORKS INC COM	call	200	$36.4K	+100
RDDTREDDIT INC Stock	call	200	$32.7K	new
VSTVISTRA CORP Stock	call	200	$27.6K	new
IBITISHARES BITCOIN TRUST ETF SHS	call	500	$26.5K	new
AMDADVANCED MICRO DEVICES INC COM	call	200	$24.2K	+100
RTXRTX CORPORATION COM	call	200	$23.1K	new
DELLDELL TECHNOLOGIES INC Stock	call	200	$23K	new
AGFIRST MAJESTIC SILVER CORP COM	call	4,000	$22K	new
RIOTRIOT PLATFORMS INC COM	call	2,000	$20.4K	new
GOOGLALPHABET INC COM	call	100	$18.9K	new
TNADIREXION SHARES ETF TRUST DAILY SMALL CAP	call	400	$16.8K	new
FBLGRANITESHARES ETF TR CMN	call	500	$16.5K	0
SMART GLOBAL HLDGS INCSMART GLOBAL HLDGS INC COM	call	58	$15.4K	new
MARAMARA HOLDINGS INC Stock	call	800	$13.4K	new
ALABASTERA LABS INC COM	call	100	$13.2K	new
ATOMATOMERA INC COMMON STOCK	call	800	$9.28K	0
SOXLDIREXION SHARES ETF TRUST DAI SEM BUL ETF	call	200	$5.46K	new

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
XHBSPDR SERIES TRUST	30,000	$3.74M	put
ASHRDBX ETF TR	42,900	$1.23M	shares
ARISTA NETWORKS INCARISTA NETWORKS INC	2,716	$1.04M	shares
CALFPACER FDS TR	22,000	$1.02M	shares
PROSHARES TRPROSHARES TR	130,262	$963K	shares
FXIISHARES TR	22,500	$715K	shares
TJXTJX COS INC NEW	5,400	$635K	call
BTGB2GOLD CORP	138,370	$426K	shares
NVONOVO-NORDISK A S	2,000	$238K	call
GOOGALPHABET INC	1,100	$184K	call
TOLTOLL BROTHERS INC	800	$124K	call
NVDUDIREXION SHARES ETF TRUST	1,000	$93.5K	shares
PROSHARES TRPROSHARES TR	6,900	$90.2K	shares
REMISHARES TR	3,500	$83.1K	shares
PROSHARES TRPROSHARES TR	7,100	$78.6K	shares
PIMCO MUN INCOME FD IIIPIMCO MUN INCOME FD III	9,475	$78.3K	shares
ILMNILLUMINA INC	486	$63.4K	shares
AOSLALPHA & OMEGA SEMICONDUCTOR	1,500	$55.7K	shares
SNSHARKNINJA INC	500	$54.4K	shares
LSCCLATTICE SEMICONDUCTOR CORP	1,000	$53.1K	shares
SPYGSPDR SERIES TRUST	614	$50.9K	shares
IEOISHARES TR	500	$45.7K	shares
JIREJ P MORGAN EXCHANGE TRADED F	644	$42.5K	shares
FASDIREXION SHARES ETF TRUST	323	$41.9K	shares
WINGWINGSTOP INC	100	$41.6K	shares
UPSTUPSTART HLDGS INC	1,000	$40K	shares
USOUNITED STS OIL FD LP	552	$38.6K	shares
CLSKCLEANSPARK INC	4,000	$37.4K	shares
SGSWEETGREEN INC	1,000	$35.5K	shares
PINSPINTEREST INC	1,010	$32.7K	shares
LCTUBLACKROCK ETF TRUST	500	$31.4K	shares
ADMAADMA BIOLOGICS INC	1,506	$30.1K	shares
POWLPOWELL INDS INC	133	$29.5K	shares
ASTSAST SPACEMOBILE INC	1,000	$26.1K	shares
ABNBAIRBNB INC	203	$25.7K	shares
REDFIN CORPREDFIN CORP	2,000	$25.1K	shares
CRUSCIRRUS LOGIC INC	191	$23.7K	shares
XHBSPDR SERIES TRUST	190	$23.7K	shares
DOCSDOXIMITY INC	500	$21.8K	shares
CLCOLGATE PALMOLIVE CO	200	$20.8K	call
SHAKSHAKE SHACK INC	200	$20.6K	shares
ARMARM HOLDINGS PLC	135	$19.3K	shares
DISDISNEY WALT CO	200	$19.2K	call
INTCINTEL CORP	800	$18.8K	call
EPIWISDOMTREE TR	365	$18.4K	shares
TXRHTEXAS ROADHOUSE INC	100	$17.7K	call
STMSTMICROELECTRONICS N V	546	$16.2K	shares
BACBANK OF AMER CORP	400	$15.9K	call
AMDLGRANITESHARES ETF TR	1,000	$15.2K	shares
SERIES PORTFOLIOS TRSERIES PORTFOLIOS TR	305	$11.4K	shares
HUMAHUMACYTE INC	2,000	$10.9K	shares
AAONAAON INC	100	$10.8K	shares
PFLPIMCO INCOME STRATEGY FD	1,254	$10.7K	shares
DNPDNP SELECT INCOME FD INC	1,014	$10.2K	shares
BITOPROSHARES TR	500	$9.6K	shares
PIMCO CALIFORNIA MUNICIPAL …PIMCO CALIFORNIA MUNICIPAL INC	1,200	$9K	shares
LUCID GROUP INCLUCID GROUP INC	2,500	$8.82K	shares
CHGGCHEGG INC	4,713	$8.34K	shares
CLCOLGATE PALMOLIVE CO	71	$7.37K	shares
VINCERX PHARMA INC COM NEWVINCERX PHARMA INC COM NEW	10,000	$7.16K	shares
PDOPIMCO DYNAMIC INCOME OPRNTS	411	$5.81K	shares
ASEAGLOBAL X FDS	322	$5.58K	shares
UNUSUAL WHALES SUBVERSIVE R…UNUSUAL WHALES SUBVERSIVE REPUBLI…	177	$5.56K	shares
Grayscale Bitcoin Minitrust…Grayscale Bitcoin Minitrust ETF	845	$4.76K	shares
GLDGGOLDMINING INC	5,000	$4.7K	shares
APTIV IRISH HOLDINGS LTDAPTIV IRISH HOLDINGS LTD	52	$3.75K	shares
PFEPFIZER INC	100	$2.89K	call
NEVRO CORPNEVRO CORP	500	$2.79K	shares
AMCAMC ENTMT HLDGS INC	533	$2.42K	shares
MARATHON OIL CORPMARATHON OIL CORP	90	$2.4K	shares
CCSCENTURY COMMUNITIES INC	18	$1.85K	shares
DFHDREAM FINDERS HOMES INC	27	$978	shares
STERICYCLE INCSTERICYCLE INC	16	$976	shares
COLLCOLLEGIUM PHARMACEUTICAL INC	25	$966	shares
PTONPELOTON INTERACTIVE INC	200	$936	shares
SPUUDIREXION SHARES ETF TRUST	6	$864	shares
VXXBARCLAYS BANK PLC	15	$744	shares
LITHIUM AMERICAS ARGENTINA CLITHIUM AMERICAS ARGENTINA C	200	$652	shares
GKOSGLAUKOS CORP	5	$651	shares
TERRAN ORBITAL CORPORATIONTERRAN ORBITAL CORPORATION	2,500	$628	shares
ACHRARCHER AVIATION INC	200	$606	call
TELLURIAN INC NEWTELLURIAN INC NEW	500	$484	shares
GRAYSCALE ETHEREUM MINI STA…GRAYSCALE ETHEREUM MINI STAKING E…	60	$146	shares
TRIPTRIPADVISOR INC	10	$145	shares
LICYQLI-CYCLE HLDGS CORP COM NEW	51	$112	shares
PSAPUBLIC STORAGE	0	$0	shares
UTFCOHEN & STEERS INFRASTRUCTUR	0	$0	shares
ARISTA NETWORKS INCARISTA NETWORKS INC	0	$0	call
RSXVANECK VECTORS RUSSIA ETF	139,050	$0	shares

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001161722-25-000003	base		2025-02-10	acceptance time not in the bulk data set	2026-10-07 18:25:55 UTC