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Long Focus Capital Management, LLC

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13F filer, CIK 1602716, SAN JUAN, PR

Long Focus Capital Management, LLC reported $3,025,917,046 across 94 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 39.27% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001602716-25-000006

Period
2025-09-30
Reported value
$3.03B
Holdings
94
Top 10 weight
39.27%
New
13
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CHTRnew+313,540$86.3M
CNCadded+2,013,560$71.8M
MOHnew+257,465$49.3M
HUMnew+131,500$34.2M
PARadded+857,218$33.9M

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

SecurityShares changeApprox. value
ALIBABA GROUP HLDG LTDreduced-23,265,000-$4.27B
FTAIreduced-325,047-$54.2M
VSATreduced-1,709,975-$50.1M
WYNNreduced-210,000-$26.9M
INSMreduced-182,200-$26.2M

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, Q3 2025

Share positions as resolved from 13F-HR 0001602716-25-000006, largest first. % of portfolio is the value over $1,750,532,346, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FTAIFTAI AVIATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 560,000 shares; 2024Q4: 480,000 shares; 2025Q1: 790,000 shares; 2025Q2: 940,000 shares; 2025Q3: 614,953 shares 614,953$103M5.86%-325,047Timeline
CHTRCHARTER COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 313,540 shares 313,540$86.3M4.93%newTimeline
CNCCENTENE CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 138,385 shares; 2025Q1: 388,385 shares; 2025Q2: 285,440 shares; 2025Q3: 2,299,000 shares 2,299,000$82M4.69%+2,013,560Timeline
PYPLPAYPAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 820,000 shares; 2024Q4: 780,000 shares; 2025Q1: 1,250,000 shares; 2025Q2: 1,250,000 shares; 2025Q3: 1,192,040 shares 1,192,040$79.9M4.57%-57,960Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,141,100 shares; 2025Q1: 1,040,000 shares; 2025Q2: 847,329 shares; 2025Q3: 904,000 shares 904,000$68.2M3.89%+56,671Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,126,900 shares; 2024Q4: 1,898,400 shares; 2025Q1: 2,070,416 shares; 2025Q2: 2,070,416 shares; 2025Q3: 2,070,416 shares 2,070,416$65.1M3.72%0Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,342,400 shares; 2024Q4: 3,342,400 shares; 2025Q1: 3,342,400 shares; 2025Q2: 3,342,400 shares; 2025Q3: 3,342,400 shares 3,342,400$57.4M3.28%0Timeline
MOHMOLINA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 257,465 shares 257,465$49.3M2.81%newTimeline
INSMINSMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 628,900 shares; 2024Q4: 650,800 shares; 2025Q1: 630,800 shares; 2025Q2: 520,200 shares; 2025Q3: 338,000 shares 338,000$48.7M2.78%-182,200Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,000 shares; 2025Q3: 139,200 shares 139,200$48.1M2.75%+87,200Timeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,603,000 shares; 2024Q4: 1,353,000 shares; 2025Q1: 1,063,000 shares; 2025Q2: 859,818 shares; 2025Q3: 1,309,000 shares 1,309,000$43.9M2.51%+449,182Timeline
ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 23,500,000 shares; 2025Q3: 235,000 shares 235,000$43.2M2.47%-23,265,000
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 662,200 shares; 2024Q4: 857,200 shares; 2025Q1: 1,220,800 shares; 2025Q2: 1,230,800 shares; 2025Q3: 1,568,000 shares 1,568,000$42.4M2.42%+337,200Timeline
VSATVIASAT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,370,000 shares; 2025Q2: 3,049,302 shares; 2025Q3: 1,339,327 shares 1,339,327$39.2M2.24%-1,709,975Timeline
BNTXBIONTECH SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 159,000 shares; 2025Q2: 207,903 shares; 2025Q3: 397,655 shares 397,655$39.2M2.24%+189,752Timeline
PENNPENN ENTERTAINMENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,500,000 shares; 2024Q4: 1,545,000 shares; 2025Q1: 1,760,200 shares; 2025Q2: 1,880,000 shares; 2025Q3: 1,880,000 shares 1,880,000$36.2M2.07%0Timeline
PARPAR TECHNOLOGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,357 shares; 2024Q4: 20,357 shares; 2025Q1: 20,357 shares; 2025Q2: 20,357 shares; 2025Q3: 877,575 shares 877,575$34.7M1.98%+857,218Timeline
HUMHUMANA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 131,500 shares 131,500$34.2M1.95%newTimeline
AKROAKERO THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 719,604 shares; 2024Q4: 719,604 shares; 2025Q1: 729,504 shares; 2025Q2: 720,000 shares; 2025Q3: 720,000 shares 720,000$34.2M1.95%0Timeline
PINSPINTEREST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 192,000 shares; 2024Q4: 907,483 shares; 2025Q1: 1,030,483 shares; 2025Q2: 1,026,000 shares; 2025Q3: 1,026,000 shares 1,026,000$33M1.89%0Timeline
HLFHERBALIFE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,738,000 shares; 2024Q4: 4,758,127 shares; 2025Q1: 4,943,000 shares; 2025Q2: 4,355,000 shares; 2025Q3: 3,500,000 shares 3,500,000$29.5M1.69%-855,000Timeline
AURAAURA BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,133,546 shares; 2024Q4: 2,537,774 shares; 2025Q1: 3,319,582 shares; 2025Q2: 4,619,582 shares; 2025Q3: 4,619,582 shares 4,619,582$28.5M1.63%0Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 87,000 shares 87,000$28.1M1.61%newTimeline
AGOASSURED GUARANTY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 265,000 shares; 2024Q4: 275,000 shares; 2025Q1: 280,000 shares; 2025Q2: 280,000 shares; 2025Q3: 320,000 shares 320,000$27.1M1.55%+40,000Timeline
ONITONITY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 652,088 shares; 2024Q4: 652,088 shares; 2025Q1: 677,088 shares; 2025Q2: 677,088 shares; 2025Q3: 672,088 shares 672,088$26.9M1.53%-5,000Timeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,000 shares; 2024Q4: 50,000 shares; 2025Q1: 390,000 shares; 2025Q2: 445,000 shares; 2025Q3: 637,351 shares 637,351$25.8M1.47%+192,351Timeline
FIPFTAI INFRASTRUCTURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 517,659 shares; 2024Q4: 517,659 shares; 2025Q1: 4,766,162 shares; 2025Q2: 6,060,162 shares; 2025Q3: 5,685,000 shares 5,685,000$24.8M1.42%-375,162Timeline
WOOFPETCO HEALTH & WELLNESS CO IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,237,121 shares; 2025Q2: 6,741,784 shares; 2025Q3: 6,400,000 shares 6,400,000$24.8M1.41%-341,784Timeline
TICTIC SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,824,000 shares 1,824,000$24.3M1.39%newTimeline
LBRDALIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 310,100 shares; 2024Q4: 321,800 shares; 2025Q1: 375,000 shares; 2025Q2: 375,000 shares; 2025Q3: 375,000 shares 375,000$23.7M1.36%0Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 348,000 shares; 2024Q4: 286,200 shares; 2025Q1: 398,380 shares; 2025Q2: 480,380 shares; 2025Q3: 655,380 shares 655,380$22.9M1.31%+175,000Timeline
BIDUBAIDU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 159,800 shares 159,800$21.1M1.2%newTimeline
IOVAIOVANCE BIOTHERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,532,000 shares; 2024Q4: 5,132,000 shares; 2025Q1: 9,250,055 shares; 2025Q2: 11,820,000 shares; 2025Q3: 9,116,507 shares 9,116,507$19.8M1.13%-2,703,493Timeline
HAPNHAPPEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,409,725 shares; 2024Q4: 1,609,725 shares; 2025Q1: 2,034,725 shares; 2025Q2: 2,010,725 shares; 2025Q3: 1,200,000 shares 1,200,000$18.2M1.04%-810,725Timeline
LBTYKLIBERTY GLOBAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,442,000 shares; 2024Q4: 1,442,000 shares; 2025Q1: 1,494,400 shares; 2025Q2: 1,494,400 shares; 2025Q3: 1,494,400 shares 1,494,400$17.6M1%0Timeline
LILAKLIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,695,400 shares; 2024Q4: 3,034,616 shares; 2025Q1: 3,295,336 shares; 2025Q2: 3,295,336 shares; 2025Q3: 1,995,201 shares 1,995,201$16.8M0.96%-1,300,135Timeline
NFENEW FORTRESS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,150,000 shares; 2025Q3: 7,400,000 shares 7,400,000$16.4M0.93%+2,250,000Timeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 268,000 shares; 2025Q2: 268,000 shares; 2025Q3: 159,000 shares 159,000$15.3M0.88%-109,000Timeline
PZZAPAPA JOHNS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 180,000 shares; 2025Q1: 310,622 shares; 2025Q2: 310,622 shares; 2025Q3: 310,622 shares 310,622$15M0.85%0Timeline
LABSTANDARD BIOTOOLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,700,000 shares; 2025Q2: 10,070,000 shares; 2025Q3: 11,362,804 shares 11,362,804$14.8M0.84%+1,292,804Timeline
ARHSARHAUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,125,000 shares; 2025Q1: 1,520,800 shares; 2025Q2: 1,520,800 shares; 2025Q3: 1,290,000 shares 1,290,000$13.7M0.78%-230,800Timeline
OVVOVINTIV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 310,000 shares; 2025Q3: 310,000 shares 310,000$12.5M0.72%0Timeline
TALTAL ED GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 595,260 shares; 2025Q1: 627,300 shares; 2025Q2: 1,117,300 shares; 2025Q3: 1,117,300 shares 1,117,300$12.5M0.71%0Timeline
VLRSCONTROLADORA VUELA COMP DE AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,426,920 shares; 2024Q4: 1,426,920 shares; 2025Q1: 1,365,205 shares; 2025Q2: 1,715,205 shares; 2025Q3: 1,715,205 shares 1,715,205$12.3M0.7%0Timeline
AMANTERO MIDSTREAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 610,000 shares; 2024Q4: 610,000 shares; 2025Q1: 610,000 shares; 2025Q2: 610,000 shares; 2025Q3: 610,000 shares 610,000$11.9M0.68%0Timeline
HHHHOWARD HUGHES HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 144,000 shares; 2025Q3: 144,000 shares 144,000$11.8M0.68%0Timeline
CLLSCELLECTIS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,617,293 shares; 2024Q4: 4,617,293 shares; 2025Q1: 4,717,293 shares; 2025Q2: 4,717,293 shares; 2025Q3: 4,123,262 shares 4,123,262$11.8M0.67%-594,031Timeline
WYNNWYNN RESORTS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 157,000 shares; 2024Q4: 163,000 shares; 2025Q1: 300,000 shares; 2025Q2: 300,000 shares; 2025Q3: 90,000 shares 90,000$11.5M0.66%-210,000Timeline
SGHTSIGHT SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 865,097 shares; 2024Q4: 2,238,632 shares; 2025Q1: 3,126,508 shares; 2025Q2: 3,151,508 shares; 2025Q3: 3,193,305 shares 3,193,305$11M0.63%+41,797Timeline
BCYCBICYCLE THERAPEUTICS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 543,092 shares; 2025Q1: 1,293,753 shares; 2025Q2: 1,317,293 shares; 2025Q3: 1,418,695 shares 1,418,695$11M0.63%+101,402Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,640 shares; 2024Q4: 94,640 shares; 2025Q1: 94,640 shares; 2025Q2: 99,640 shares; 2025Q3: 99,640 shares 99,640$10.1M0.58%0Timeline
BLDRBUILDERS FIRSTSOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 199,000 shares; 2025Q3: 80,000 shares 80,000$9.7M0.55%-119,000Timeline
OPRTOPORTUN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,740,777 shares; 2024Q4: 1,740,777 shares; 2025Q1: 1,515,777 shares; 2025Q2: 1,515,777 shares; 2025Q3: 1,515,777 shares 1,515,777$9.35M0.53%0Timeline
PCTPURECYCLE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,203,781 shares; 2024Q4: 603,781 shares; 2025Q1: 603,781 shares; 2025Q2: 603,781 shares; 2025Q3: 589,413 shares 589,413$7.75M0.44%-14,368Timeline
GSATGLOBALSTAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 370,000 shares; 2025Q2: 645,000 shares; 2025Q3: 207,000 shares 207,000$7.53M0.43%-438,000Timeline
CTRNCITI TRENDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 591,455 shares; 2024Q4: 556,455 shares; 2025Q1: 521,455 shares; 2025Q2: 440,000 shares; 2025Q3: 242,668 shares 242,668$7.53M0.43%-197,332Timeline
TET1 ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,449,050 shares; 2024Q4: 5,650,000 shares; 2025Q1: 6,120,000 shares; 2025Q2: 6,120,000 shares; 2025Q3: 3,445,000 shares 3,445,000$7.51M0.43%-2,675,000Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: 127,893 shares; 2025Q1: 127,893 shares; 2025Q2: 132,893 shares; 2025Q3: 199,339 shares 199,339$6.85M0.39%+66,446Timeline
CALYCALLAWAY GOLF COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,843,000 shares; 2024Q4: 2,038,000 shares; 2025Q1: 2,950,844 shares; 2025Q2: 3,048,774 shares; 2025Q3: 569,771 shares 569,771$5.41M0.31%-2,479,003Timeline
CLVTCLARIVATE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,175,000 shares; 2024Q4: 1,175,000 shares; 2025Q1: 1,175,000 shares; 2025Q2: 1,175,000 shares; 2025Q3: 1,175,000 shares 1,175,000$4.5M0.26%0Timeline
MGTXMEIRAGTX HLDGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 189,745 shares; 2025Q1: 249,745 shares; 2025Q2: 524,745 shares; 2025Q3: 524,745 shares 524,745$4.32M0.25%0Timeline
PAGSPAGSEGURO DIGITAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 922,000 shares; 2024Q4: 955,000 shares; 2025Q1: 955,000 shares; 2025Q2: 760,000 shares; 2025Q3: 406,000 shares 406,000$4.06M0.23%-354,000Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,300 shares; 2024Q4: 100,300 shares; 2025Q1: 10,300 shares; 2025Q2: not reported; 2025Q3: 36,000 shares 36,000$3.82M0.22%newTimeline
NESRNATIONAL ENERGY SERVICES REUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 497,921 shares; 2025Q1: 497,921 shares; 2025Q2: 497,921 shares; 2025Q3: 350,000 shares 350,000$3.59M0.21%-147,921Timeline
TLYSTILLYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,151,931 shares; 2024Q4: 2,181,931 shares; 2025Q1: 2,181,931 shares; 2025Q2: 2,181,931 shares; 2025Q3: 1,712,130 shares 1,712,130$3.53M0.2%-469,801Timeline
LADLITHIA MTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,900 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 11,149 shares 11,149$3.52M0.2%newTimeline
GLIBALIBERTY CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 74,999 shares 74,999$2.82M0.16%newTimeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 377,600 shares; 2024Q4: 377,600 shares; 2025Q1: 377,600 shares; 2025Q2: 377,600 shares; 2025Q3: 377,600 shares 377,600$2.78M0.16%0Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,000 shares; 2024Q4: 13,750 shares; 2025Q1: 13,750 shares; 2025Q2: 18,750 shares; 2025Q3: 18,750 shares 18,750$2.5M0.14%0Timeline
ADAPYADAPTIMMUNE THERAPEUTICS PLC SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,299,890 shares; 2024Q4: 20,494,393 shares; 2025Q1: 23,756,687 shares; 2025Q2: 23,756,687 shares; 2025Q3: 18,577,821 shares 18,577,821$2.42M0.14%-5,178,866Timeline
WSCWILLSCOT HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 99,562 shares 99,562$2.1M0.12%newTimeline
CEPUCENTRAL PUERTO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 592,696 shares; 2024Q4: 272,696 shares; 2025Q1: 232,696 shares; 2025Q2: 232,696 shares; 2025Q3: 232,696 shares 232,696$1.86M0.11%0Timeline
AIOTPOWERFLEET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 337,504 shares; 2025Q3: 337,504 shares 337,504$1.77M0.1%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,980 shares; 2024Q4: 5,980 shares; 2025Q1: 5,980 shares; 2025Q2: 5,980 shares; 2025Q3: 5,980 shares 5,980$1.45M0.08%0Timeline
JILLJ JILL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,320 shares; 2024Q4: 76,320 shares; 2025Q1: 76,320 shares; 2025Q2: 76,320 shares; 2025Q3: 76,320 shares 76,320$1.31M0.07%0Timeline
BIOXBIOCERES CROP SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 322,817 shares; 2024Q4: 744,748 shares; 2025Q1: 829,748 shares; 2025Q2: 829,748 shares; 2025Q3: 829,748 shares 829,748$1.17M0.07%0Timeline
XPLSOLITARIO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,409,700 shares; 2024Q4: 1,409,700 shares; 2025Q1: 1,409,700 shares; 2025Q2: 1,409,700 shares; 2025Q3: 1,409,700 shares 1,409,700$984K0.06%0Timeline
DXLGDESTINATION XL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 438,042 shares; 2024Q4: 438,042 shares; 2025Q1: 498,042 shares; 2025Q2: 498,042 shares; 2025Q3: 498,042 shares 498,042$652K0.04%0Timeline
SUPVGRUPO SUPERVIELLE S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 345,689 shares; 2024Q4: 170,689 shares; 2025Q1: 125,672 shares; 2025Q2: 125,672 shares; 2025Q3: 125,672 shares 125,672$622K0.04%0Timeline

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).

SecurityTypeAmountValueChange
CMCSACOMCAST CORP NEW COMcall17,257,600$529M+7,465,500
CHTRCHARTER COMMUNICATIONS INC COMcall843,000$232M+638,000
CVSCVS HEALTH CORP COMcall1,460,200$110M+369,700
BBARRICK MNG CORP COM SHScall3,618,600$108M-10,764,800
BUDANHEUSER BUSCH INBEV SA NV ADRcall1,225,600$73.1M+430,000
GMGENERAL MTRS CO Stockcall960,000$58.5M-750,000
ETENERGY TRANSFER L P COM UT LTD PTNcall2,468,000$42.4M+2,168,000
BABAALIBABA GROUP HLDG LTD SPONSORED ADScall180,000$32.2M-45,000
CVXCHEVRON CORPORATION COMcall165,000$25.6Mnew
BPBP PLC ADRcall600,000$20.7Mnew
CZRCAESARS ENTERTAINMENT INC NE COMcall500,500$13.5M+149,400
INTCINTEL CORP COMcall280,000$9.39M-2,770,000
PFEPFIZER INC COMcall363,300$9.26M0
CCITIGROUP INC COMcall65,000$6.6M-295,000
CORTCORCEPT THERAPEUTICS INC COMput70,000$5.82Mnew

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
WBDWARNER BROS DISCOVERY INC1,760,000$20.2Mshares
AMZNAMAZON COM INC81,000$17.8Mshares
BTUPEABODY ENGR CORP1,309,858$17.6Mshares
BABAALIBABA GROUP HLDG LTD145,000$16.4Mshares
OMFONEMAIN HLDGS INC255,000$14.5Mshares
NXSTNEXSTAR MEDIA GROUP INC60,500$10.5Mshares
DALDELTA AIR LINES INC120,000$5.9Mshares
LVSLAS VEGAS SANDS CORP123,000$5.35Mshares
BACBANK OF AMER CORP93,000$4.4Mshares
ETSYETSY INC29,000$1.45Mshares
ACHVACHIEVE LIFE SCIENCE INC248,099$561Kshares
SFSTSOUTHERN FIRST BANCSHARES7,964$303Kshares

How Q3 2025 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001602716-25-000006 base2025-11-14acceptance time not in the bulk data set