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Potrero Capital Research LLC

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13F filer, CIK 1536630, SAN FRANCISCO, CA

Potrero Capital Research LLC reported $868,739,121 across 40 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 60.07% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001536630-25-000007

Period
2025-09-30
Reported value
$869M
Holdings
40
Top 10 weight
60.07%
New
20
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
IEnew+1,384,914$17.4M
YETInew+370,769$12.3M
METCnew+348,760$11.6M
BILLnew+200,000$10.6M
SSDnew+60,000$10M

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
ADXexited-442,735-$9.61M
DEFTexited-2,910,187-$8.53M
RDDTreduced-33,000-$7.59M
LMBexited-46,305-$6.49M
UNFexited-30,595-$5.76M

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 0001536630-25-000007, largest first. % of portfolio is the value over $329,139,781, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,633 shares; 2024Q4: 27,633 shares; 2025Q1: 54,633 shares; 2025Q2: 93,498 shares; 2025Q3: 93,498 shares 93,498$39.8M12.08%0Timeline
TACTRANSALTA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 491,141 shares; 2024Q4: 2,323,944 shares; 2025Q1: 2,428,944 shares; 2025Q2: 2,518,944 shares; 2025Q3: 2,518,944 shares 2,518,944$34.4M10.46%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,694 shares; 2024Q4: 38,694 shares; 2025Q1: 38,694 shares; 2025Q2: 38,694 shares; 2025Q3: 38,694 shares 38,694$20M6.09%0Timeline
STXSEAGATE TECHNOLOGY HLDNGS PLQuarterly 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: 82,100 shares; 2025Q3: 82,100 shares 82,100$19.4M5.89%0Timeline
IEIVANHOE ELECTRIC 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: 1,384,914 shares 1,384,914$17.4M5.28%newTimeline
DBRGDIGITALBRIDGE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,429,657 shares; 2024Q4: 1,460,626 shares; 2025Q1: 1,780,614 shares; 2025Q2: 1,330,547 shares; 2025Q3: 1,330,547 shares 1,330,547$15.6M4.73%0Timeline
UUNITY SOFTWARE 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: 160,810 shares; 2025Q3: 335,327 shares 335,327$13.4M4.08%+174,517Timeline
TPBTURNING PT BRANDS 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: 166,938 shares; 2025Q2: 166,938 shares; 2025Q3: 131,751 shares 131,751$13M3.96%-35,187Timeline
AMRZAMRIZE 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: 65,000 shares; 2025Q3: 255,087 shares 255,087$12.4M3.76%+190,087Timeline
YETIYETI 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: not reported; 2025Q2: not reported; 2025Q3: 370,769 shares 370,769$12.3M3.74%newTimeline
BSTZBLACKROCK SCIENCE & TECHNOLOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 778,970 shares; 2024Q4: 705,633 shares; 2025Q1: 626,671 shares; 2025Q2: 539,713 shares; 2025Q3: 539,713 shares 539,713$12M3.63%0Timeline
METCRAMACO RES 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: 348,760 shares 348,760$11.6M3.52%newTimeline
BILLBILL 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: not reported; 2025Q3: 200,000 shares 200,000$10.6M3.22%newTimeline
SSDSIMPSON MFG 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: 67,115 shares; 2025Q2: not reported; 2025Q3: 60,000 shares 60,000$10M3.05%newTimeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 101,330 shares; 2024Q4: 56,130 shares; 2025Q1: 21,130 shares; 2025Q2: 16,130 shares; 2025Q3: 16,130 shares 16,130$9.92M3.01%0Timeline
ROKUROKU 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: 88,268 shares 88,268$8.84M2.69%newTimeline
AMBAAMBARELLA 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: 150,000 shares; 2025Q3: 105,373 shares 105,373$8.7M2.64%-44,627Timeline
RDDTREDDIT 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: 66,500 shares; 2025Q3: 33,500 shares 33,500$7.7M2.34%-33,000Timeline
CMRCCOMMERCE.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,719,429 shares; 2024Q4: 1,719,429 shares; 2025Q1: 1,719,429 shares; 2025Q2: 1,706,523 shares; 2025Q3: 1,415,339 shares 1,415,339$7.06M2.15%-291,184Timeline
NXDRNEXTDOOR HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,897,238 shares; 2024Q4: 3,557,997 shares; 2025Q1: 3,557,997 shares; 2025Q2: not reported; 2025Q3: 2,565,355 shares 2,565,355$5.36M1.63%newTimeline
SIMOSILICON MOTION TECHNOLOGY COQuarterly 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: 51,858 shares 51,858$4.92M1.49%newTimeline
FRSHFRESHWORKS 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: 393,412 shares 393,412$4.63M1.41%newTimeline
LGNLEGENCE 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: 143,349 shares 143,349$4.42M1.34%newTimeline
CEPTCANTOR EQUITY PARTNERS II INQuarterly 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: 368,878 shares; 2025Q3: 368,878 shares 368,878$3.88M1.18%0Timeline
JAMFJAMF HOLDING 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: 311,603 shares 311,603$3.33M1.01%newTimeline
AIFCAI FINL 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: 1,104,805 shares 1,104,805$2.97M0.9%newTimeline
WLACWILLOW LANE ACQUISITION 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: 227,202 shares 227,202$2.63M0.8%newTimeline
SPTSPROUT SOCIAL 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: 150,000 shares 150,000$1.94M0.59%newTimeline
BELFBBEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,503 shares; 2024Q4: 145,986 shares; 2025Q1: 174,828 shares; 2025Q2: 33,500 shares; 2025Q3: 12,676 shares 12,676$1.79M0.54%-20,824Timeline
NXHNEIGHBORHOOD INTELLIGENCE INQuarterly 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: 180,733 shares 180,733$1.77M0.54%newTimeline
RDAGREPUBLIC DIGITAL ACQUISITIONQuarterly 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: 150,000 shares 150,000$1.53M0.47%newTimeline
STRZSTARZ ENTERTAINMENT CORP.Quarterly 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: 93,585 shares; 2025Q3: 93,585 shares 93,585$1.38M0.42%0Timeline
PDPAGERDUTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,192 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 82,366 shares 82,366$1.36M0.41%newTimeline
VLOSVELOS ACQUISITION I 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: 100,000 shares; 2025Q3: 100,000 shares 100,000$1.05M0.32%0Timeline
BARKBARK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,322,891 shares; 2024Q4: 7,136,537 shares; 2025Q1: 6,648,541 shares; 2025Q2: 4,351,876 shares; 2025Q3: 1,013,366 shares 1,013,366$842K0.26%-3,338,510Timeline
ETHZILLA CORPORATIONETHZILLA CORPORATIONQuarterly 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: 300,000 shares 300,000$723K0.22%new
IBPINSTALLED BLDG PRODS 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: 2,066 shares 2,066$510K0.15%newTimeline

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
QQQINVESCO QQQ TR COMput500,000$300M+250,000
SPYSTATE STR SPDR S&P 500 ETF T SHSput300,000$200Mnew
TLNTALEN ENERGY CORP Stockput93,000$39.6M0

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
HOODROBINHOOD MKTS INC200,000$18.7Mcall
AMBAAMBARELLA INC150,000$9.91Mput
ADXADAMS DIVERSIFIED EQUITY FD442,735$9.61Mshares
DEFTDEFI TECHNOLOGIES INC2,910,187$8.53Mshares
LMBLIMBACH HLDGS INC46,305$6.49Mshares
UNFUNIFIRST CORP MASS30,595$5.76Mshares
AMBAAMBARELLA INC62,200$4.11Mcall
LIONLIONSGATE STUDIOS CORP490,795$2.85Mshares
LZLEGALZOOM COM INC100,000$891Kshares

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 0001536630-25-000007 base2025-11-14acceptance time not in the bulk data set