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RPO LLC

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13F filer, CIK 1885066, Stamford, CT

RPO LLC reported $959,185,209 across 44 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 76.51% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001885066-25-000002

Period
2025-09-30
Reported value
$959M
Holdings
44
Top 10 weight
76.51%
New
22
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPYnew+19,437$12.9M
CUKnew+122,369$3.24M
ETHAnew+49,500$1.56M
ETHWnew+42,600$1.27M
BITBadded+1,200$74.7K

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
IBITreduced-12,100-$786K

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 0001885066-25-000002, largest first. % of portfolio is the value over $79,535,379, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,232 shares; 2024Q4: 17,625 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 19,437 shares 19,437$12.9M16.28%newTimeline
FBTCFIDELITY WISE ORIGIN BITCOINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 243,530 shares; 2024Q4: 157,280 shares; 2025Q1: 32,597 shares; 2025Q2: 49,757 shares; 2025Q3: 49,757 shares 49,757$4.97M6.24%0Timeline
BITBBITWISE BITCOIN ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 304,385 shares; 2024Q4: 258,385 shares; 2025Q1: 46,785 shares; 2025Q2: 60,285 shares; 2025Q3: 61,485 shares 61,485$3.83M4.81%+1,200Timeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,857 shares; 2024Q4: 29,857 shares; 2025Q1: 29,857 shares; 2025Q2: 69,300 shares; 2025Q3: 57,200 shares 57,200$3.72M4.67%-12,100Timeline
CUKCARNIVAL PLCQuarterly 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: 122,369 shares 122,369$3.24M4.07%newTimeline
STEWSRH TOTAL RETURN FUND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,042 shares; 2024Q4: 169,290 shares; 2025Q1: 169,290 shares; 2025Q2: 168,990 shares; 2025Q3: 168,990 shares 168,990$3.07M3.86%0Timeline
ARKBARK 21SHARES BITCOIN ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,540 shares; 2024Q4: 18,540 shares; 2025Q1: 18,540 shares; 2025Q2: 77,070 shares; 2025Q3: 77,570 shares 77,570$2.95M3.71%+500Timeline
EZBCFRANKLIN TEMPLETON DIGITAL HQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,700 shares; 2024Q4: 26,700 shares; 2025Q1: 26,700 shares; 2025Q2: 35,400 shares; 2025Q3: 35,400 shares 35,400$2.34M2.95%0Timeline
BTCGRAYSCALE BITCOIN MINI TR ETQuarterly 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: 45,900 shares; 2025Q3: 45,900 shares 45,900$2.32M2.92%0Timeline
BTCOINVESCO GALAXY BITCOIN ETFQuarterly 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: 20,300 shares; 2025Q3: 20,300 shares 20,300$2.31M2.91%0Timeline
HODLVANECK BITCOIN ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,861 shares; 2024Q4: 12,861 shares; 2025Q1: 51,444 shares; 2025Q2: 69,644 shares; 2025Q3: 69,644 shares 69,644$2.25M2.83%0Timeline
FETHFIDELITY ETHEREUM FDQuarterly 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: 51,800 shares; 2025Q3: 51,800 shares 51,800$2.15M2.71%0Timeline
TETH21SHARES ETHEREUM STAKING ETQuarterly 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: 100,400 shares; 2025Q3: 100,400 shares 100,400$2.09M2.63%0Timeline
BRRRCOINSHARES BITCOIN ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,159 shares; 2024Q4: 54,159 shares; 2025Q1: 54,159 shares; 2025Q2: 54,159 shares; 2025Q3: 54,159 shares 54,159$1.75M2.2%0Timeline
ETHAISHARES ETHEREUM TRQuarterly 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: 49,500 shares 49,500$1.56M1.96%newTimeline
ETHWBITWISE ETHEREUM ETFQuarterly 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: 42,600 shares 42,600$1.27M1.6%newTimeline
XGLQXCLOUGH GLOBAL EQUITY FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,327 shares; 2024Q4: 92,327 shares; 2025Q1: 92,327 shares; 2025Q2: 92,327 shares; 2025Q3: 92,327 shares 92,327$703K0.88%0Timeline
GLOCLOUGH GLOBAL OPPORTUNITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 111,479 shares; 2024Q4: 111,479 shares; 2025Q1: 111,479 shares; 2025Q2: 111,479 shares; 2025Q3: 111,479 shares 111,479$635K0.8%0Timeline
DIAXNUVEEN DOW 30SM DYNAMIC OVERWRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,270 shares; 2024Q4: 39,270 shares; 2025Q1: 39,270 shares; 2025Q2: 39,270 shares; 2025Q3: 39,270 shares 39,270$585K0.74%0Timeline
CHWCALAMOS GBL DYN INCOME FUNDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,799 shares; 2024Q4: 61,799 shares; 2025Q1: 61,799 shares; 2025Q2: 61,799 shares; 2025Q3: 61,799 shares 61,799$466K0.59%0Timeline
GLVCLOUGH GLOBAL DIVID & INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,345 shares; 2024Q4: 70,753 shares; 2025Q1: 70,753 shares; 2025Q2: 70,753 shares; 2025Q3: 70,753 shares 70,753$421K0.53%0Timeline
BULLWWEBULL 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: 21,000 shares; 2025Q3: 21,000 shares 21,000$128K0.16%0Timeline
BZAIWBLAIZE 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: 45,520 shares; 2025Q2: 45,520 shares; 2025Q3: 45,520 shares 45,520$28.3K0.04%0Timeline
ANNAWALEANNA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 13,896 shares; 2025Q1: 13,896 shares; 2025Q2: 13,896 shares; 2025Q3: 13,896 shares 13,896$2.64K<0.01%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
SPYSTATE STR SPDR S&P 500 ETF T SHSput541,000$360Mnew
SPYSTATE STR SPDR S&P 500 ETF T SHScall360,000$240Mnew
NVDANVIDIA CORPORATION COMput237,000$44.2Mnew
MSFTMICROSOFT CORP COMput55,000$28.5Mnew
BACBANK OF AMER CORP COMput540,000$27.9Mnew
BACBANK OF AMER CORP COMcall470,000$24.2Mnew
COPCONOCOPHILLIPS COMput244,000$23.1Mnew
COPCONOCOPHILLIPS COMcall237,000$22.4Mnew
XMESPDR SERIES TRUST SHSput236,000$22Mnew
NVDANVIDIA CORPORATION COMcall114,000$21.3Mnew
MSFTMICROSOFT CORP COMcall31,000$16.1Mnew
QCOMQUALCOMM INC COMput93,000$15.5Mnew
MSMORGAN STANLEY COMput74,000$11.8Mnew
MSMORGAN STANLEY COMcall49,000$7.79Mnew
XMESPDR SERIES TRUST SHScall70,000$6.52Mnew
IBITISHARES BITCOIN TRUST ETF SHScall60,000$3.9M-30,000
QCOMQUALCOMM INC COMcall23,000$3.83Mnew
RUNSUNRUN INC COMput30,000$519Knew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0principal5,000,000$14.3M0
STRATEGY INCSTRATEGY INC NOTE 0.625% 9/1principal5,000,000$9.46Mnew

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 0001885066-25-000002 base2025-11-12acceptance time not in the bulk data set