# RAMSEY QUANTITATIVE SYSTEMS

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1132897. Source: https://holderbook.com/funds/1132897-ramsey-quantitative-systems/

- Reported value: $111.6M
- Positions: 60
- Weight of the ten largest: 93.7%
- Filed: 2026-07-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $94.9M | 127,043 | 85.0% | 26 |
| READY CAPITAL CORP | [RC](https://holderbook.com/stocks/RC/) | $2.2M | 1,249,003 | 2.0% | 12 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.6M | 15,000 | 1.4% | 1 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $1.2M | 15,000 | 1.1% | 1 |
| VANECK ETF TRUST | [HYD](https://holderbook.com/stocks/HYD/) | $1.1M | 21,000 | 1.0% | 1 |
| PROSHARES TR II | [SVXY](https://holderbook.com/stocks/SVXY/) | $959.1K | 16,750 | 0.9% | 3 |
| VS TRUST | [SVIX](https://holderbook.com/stocks/SVIX/) | $951.2K | 40,000 | 0.9% | 2 |
| NUVEEN AMT FREE QLTY MUN INC | [NEA](https://holderbook.com/stocks/NEA/) | $739.6K | 63,000 | 0.7% | 1 |
| NUVEEN MUN CR INCOME FD | [NZF](https://holderbook.com/stocks/NZF/) | $570.6K | 45,000 | 0.5% | 1 |
| NUVEEN QUALITY MUNCP INCOME | [NAD](https://holderbook.com/stocks/NAD/) | $436.3K | 36,000 | 0.4% | 1 |
| PROSHARES TR | [SDS](https://holderbook.com/stocks/SDS/) | $432.2K | 7,600 | 0.4% | 1 |
| NUVEEN AMT FREE MUN CR INC F | [NVG](https://holderbook.com/stocks/NVG/) | $345.6K | 27,000 | 0.3% | 1 |
| VS TRUST | [UVIX](https://holderbook.com/stocks/UVIX/) | $333.7K | 108,000 | 0.3% | 1 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $333.2K | 9,000 | 0.3% | 1 |
| PROSHARES TR II | [UVXY](https://holderbook.com/stocks/UVXY/) | $280.8K | 11,280 | 0.3% | 1 |
| PROSHARES TR | [SPXU](https://holderbook.com/stocks/SPXU/) | $270.6K | 7,300 | 0.2% | 1 |
| VIOMI TECHNOLOGY CO LTD | [VIOT](https://holderbook.com/stocks/VIOT/) | $257.7K | 329,497 | 0.2% | 1 |
| STAR HLDGS | [STHO](https://holderbook.com/stocks/STHO/) | $217.4K | 23,810 | 0.2% | 1 |
| QFIN HOLDINGS INC | [QFIN](https://holderbook.com/stocks/QFIN/) | $207.1K | 13,100 | 0.2% | 1 |
| LUFAX HOLDING LTD | [LU](https://holderbook.com/stocks/LU/) | $199.3K | 150,979 | 0.2% | 1 |
| LISTED FDS TR | [MAGS](https://holderbook.com/stocks/MAGS/) | $192.9K | 3,000 | 0.2% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $191.9K | 160 | 0.2% | 1 |
| FINVOLUTION GROUP | [FINV](https://holderbook.com/stocks/FINV/) | $185.9K | 38,800 | 0.2% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $171.5K | 500 | 0.2% | 1 |
| ZHIHU INC | [ZH](https://holderbook.com/stocks/ZH/) | $168.5K | 53,846 | 0.2% | 1 |
| YUANBAO INC | [YB](https://holderbook.com/stocks/YB/) | $159.9K | 10,489 | 0.1% | 1 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $159.4K | 1,840 | 0.1% | 1 |
| PROSHARES TR | [SH](https://holderbook.com/stocks/SH/) | $158.5K | 4,800 | 0.1% | 1 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $158.2K | 1,000 | 0.1% | 1 |
| BRASKEM S A | [BAK](https://holderbook.com/stocks/BAK/) | $154.6K | 63,373 | 0.1% | 1 |
| GEOPARK LTD | [GPRK](https://holderbook.com/stocks/GPRK/) | $142.9K | 15,700 | 0.1% | 1 |
| OMS ENERGY TECHNOLOGIES INC | [OMSE](https://holderbook.com/stocks/OMSE/) | $142.7K | 36,978 | 0.1% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $140.0K | 1,000 | 0.1% | 3 |
| WESTERN UN CO | [WU](https://holderbook.com/stocks/WU/) | $138.3K | 17,966 | 0.1% | 1 |
| X FINL | [XYF](https://holderbook.com/stocks/XYF/) | $134.7K | 27,838 | 0.1% | 1 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $134.7K | 9,200 | 0.1% | 1 |
| JIAYIN GROUP INC | [JFIN](https://holderbook.com/stocks/JFIN/) | $118.4K | 41,390 | 0.1% | 1 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $116.7K | 8,800 | 0.1% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $111.9K | 300 | 0.1% | 1 |
| YIREN DIGITAL LTD | [YRD](https://holderbook.com/stocks/YRD/) | $110.3K | 131,997 | 0.1% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $108.0K | 2,500 | 0.1% | 1 |
| NOAH HLDGS LTD | [NOAH](https://holderbook.com/stocks/NOAH/) | $104.9K | 10,500 | 0.1% | 1 |
| PROSHARES TR | [SQQQ](https://holderbook.com/stocks/SQQQ/) | $101.7K | 2,800 | 0.1% | 1 |
| BUMBLE INC | [BMBL](https://holderbook.com/stocks/BMBL/) | $91.5K | 28,600 | 0.1% | 1 |
| GRAFTECH INTL LTD SR NT | [EAF](https://holderbook.com/stocks/EAF/) | $68.5K | 11,599 | 0.1% | 1 |
| SASOL LTD | [SSL](https://holderbook.com/stocks/SSL/) | $67.8K | 6,900 | 0.1% | 1 |
| JOYY INC | [JOYY](https://holderbook.com/stocks/JOYY/) | $63.4K | 960 | 0.1% | 1 |
| ECOPETROL S A | [EC](https://holderbook.com/stocks/EC/) | $58.4K | 4,100 | 0.1% | 1 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $55.6K | 3,700 | 0.0% | 1 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $53.4K | 700 | 0.0% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $50.3K | 360 | 0.0% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $50.0K | 22 | 0.0% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $47.9K | 45 | 0.0% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $46.2K | 40 | 0.0% | 1 |
| DIREXION SHARES ETF TRUST | [LABU](https://holderbook.com/stocks/LABU/) | $40.9K | 140 | 0.0% | 1 |
| HELLO GROUP INC | [MOMO](https://holderbook.com/stocks/MOMO/) | $26.1K | 4,500 | 0.0% | 1 |
| XUNLEI LTD | [XNET](https://holderbook.com/stocks/XNET/) | $24.1K | 4,300 | 0.0% | 1 |
| FUELCELL ENERGY INC | [FCEL](https://holderbook.com/stocks/FCEL/) | $21.6K | 600 | 0.0% | 1 |
| ACM RESH INC | [ACMR](https://holderbook.com/stocks/ACMR/) | $21.6K | 170 | 0.0% | 1 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $11.8K | 30 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.3% | +14.8% | +0.4% | 99% |
| Q1 2026 | -5.2% | -4.6% | -0.6% | 99% |
| Q4 2025 | +0.3% | +2.4% | -2.0% | 100% |
| Q3 2025 | +6.8% | +7.8% | -1.0% | 100% |
| Q3 2022 | -4.6% | -5.3% | +0.7% | 100% |
| Q4 2021 | +10.0% | +10.7% | -0.7% | 100% |
| Q3 2021 | +0.2% | +0.3% | -0.1% | 100% |
| Q1 2019 | +9.8% | +13.0% | -3.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $111.6M | 60 |
| Q1 2026 | $96.6M | 14 |
| Q4 2025 | $109.9M | 13 |
| Q3 2025 | $105.3M | 5 |
| Q2 2025 | $200.6M | 9 |
| Q1 2025 | $95.1M | 2 |
| Q4 2024 | $70.5M | 2 |
| Q3 2024 | $72.5M | 2 |
| Q2 2024 | $89.4M | 2 |
| Q1 2024 | $79.5M | 2 |
| Q4 2023 | $75.8M | 2 |
| Q3 2023 | $70.9M | 2 |