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Teramo Advisors, LLC

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13F filer, CIK 1904821, Naples, FL

Teramo Advisors, LLC reported $474,344,750 across 4 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-13.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-001750

Period
2026-03-31
Reported value
$474M
Holdings
4
Top 10 weight
100%
New
0
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
IVVadded+84,500$55.2M

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.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SPYreduced-5,000-$3.25M
GOOGLexited-2,220-$695K
AAPLexited-967-$263K
PMexited-1,360-$218K
SPGIexited-414-$216K

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, Q1 2026

Share positions as resolved from 13F-HR 0001172661-26-001750, largest first. % of portfolio is the value over $370,290,350, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,500 shares; 2024Q4: 3,500 shares; 2025Q1: 3,500 shares; 2025Q2: 105,000 shares; 2025Q3: 150,500 shares; 2025Q4: 210,500 shares; 2026Q1: 295,000 shares 295,000$193M52.04%+84,500Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 355,000 shares; 2024Q4: 370,000 shares; 2025Q1: 410,000 shares; 2025Q2: 315,000 shares; 2025Q3: 250,000 shares; 2025Q4: 275,000 shares; 2026Q1: 270,000 shares 270,000$176M47.42%-5,000Timeline
OPERETF SER SOLUTIONSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: 30,000 shares; 2025Q1: 30,000 shares; 2025Q2: 30,000 shares; 2025Q3: 30,000 shares; 2025Q4: 20,000 shares; 2026Q1: 20,000 shares 20,000$2M0.54%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 SHSput160,000$104M+10,000

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
GOOGLALPHABET INC2,220$695Kshares
AAPLAPPLE INC967$263Kshares
PMPHILIP MORRIS INTL INC1,360$218Kshares
SPGIS&P GLOBAL INC414$216Kshares
FEFIRSTENERGY CORP4,800$215Kshares
CRMSALESFORCE INC786$208Kshares
VVISA INC591$207Kshares

How Q1 2026 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 0001172661-26-001750 base2026-05-13acceptance time not in the bulk data set