Palogic Value Management, L.P.

Reported holdings as of Q2 2026, from 15 quarterly filings.

This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.

CIK

1532943

Reported value

$609.8M

Positions

194

Top 10 weight

34.4%

Filed

2026-08-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
APPLE INC	AAPL	$53.7M	185,752	8.81%	+3.94pp	15q	+308.8%+$40.6M
ALPHABET INC	GOOG	$23.4M	66,110	3.83%	-0.20pp	15q	+99.0%+$11.6M
SPDR SERIES TRUST	BIL	$22.8M	249,072	3.74%	+1.56pp	3q	+341.8%+$17.7M
BROADCOM INC	AVGO	$21.1M	55,872	3.46%	-0.40pp	15q	+89.0%+$9.9M
HEALTH CATALYST INC	HCAT	$19.6M	9,844,884	3.21%	+1.66pp	7q	+239.9%+$13.8M
MICROSOFT CORP	MSFT	$15.7M	42,182	2.58%	+0.13pp	15q	+169.7%+$9.9M
INVESCO QQQ TR PUT	QQQ	$14.7M	options only	2.42%	-	new	OPTIONS
SSGA ACTIVE ETF TR	SRLN	$13.1M	326,322	2.16%	-0.66pp	15q	+96.1%+$6.4M
BHP BILLITON LIMITED	BHP	$13.0M	155,700	2.13%	-0.52pp	15q	+80.9%+$5.8M
EXXON MOBIL CORP	XOMXXXX	$12.7M	92,758	2.08%	-1.25pp	15q	+99.8%+$6.3M
ISHARES TR PUT	IWM	$12.0M	options only	1.97%	-	new	OPTIONS
ABBVIE INC	ABBV	$9.3M	37,010	1.53%	-0.17pp	15q	+100.0%+$4.7M
ISHARES TR	HYG	$9.1M	114,246	1.50%	-0.44pp	15q	+98.1%+$4.5M
NUVEEN AMT FREE QLTY MUN INC	NEA	$8.9M	761,742	1.47%	-0.32pp	15q	+101.8%+$4.5M
AMAZON COM INC	AMZN	$8.6M	36,042	1.41%	-0.18pp	15q	+100.0%+$4.3M
NUVEEN QUALITY MUNCP INCOME	NAD	$8.5M	701,422	1.39%	-0.06pp	15q	+133.5%+$4.9M
SHELL PLC	SHEL	$8.5M	109,396	1.39%	-0.24pp	15q	+162.9%+$5.3M
TRIPADVISOR INC CALL	TRIP	$7.7M	360,410	1.26%	+0.52pp	2q	+118.4%+$4.2M
NUVEEN AMT FREE MUN CR INC F	NVG	$7.5M	582,064	1.22%	-0.26pp	15q	+105.1%+$3.8M
FLYWIRE CORPORATION	FLYW	$7.0M	400,558	1.15%	-0.07pp	11q	+60.2%+$2.6M
GLOBAL PMTS INC CALL	GPN	$6.9M	20,810	1.13%	+0.08pp	9q	HELD
EXPENSIFY INC	EXFY	$6.3M	3,536,912	1.04%	+0.11pp	12q	+40.2%+$1.8M
LIVEPERSON INC		$6.0M	7,800,000	0.99%	-0.12pp	10q	DEBT
BANK OF AMER CORP	BAC	$5.7M	100,636	0.94%	-0.09pp	15q	+100.5%+$2.9M
AMGEN INC	AMGN	$5.6M	15,586	0.93%	-0.23pp	15q	+100.5%+$2.8M
VANGUARD SCOTTSDALE FDS	VCLT	$5.1M	67,702	0.84%	-0.29pp	15q	+89.7%+$2.4M
NCR VOYIX CORPORATION	VYX	$4.5M	550,752	0.74%	flat	4q	+100.3%+$2.3M
ARGAN INC	AGX	$4.5M	5,600	0.73%	-	new	NEW
PALO ALTO NETWORKS INC	PANW	$4.5M	13,098	0.73%	-0.24pp	15q	+89.6%+$2.1M
CISCO SYS INC	CSCO	$4.4M	37,866	0.73%	+0.05pp	15q	+83.2%+$2.0M
JPMORGAN CHASE & CO	JPM	$4.2M	12,948	0.70%	-0.11pp	15q	+100.0%+$2.1M
ARES CAPITAL CORP	ARCC	$4.1M	221,896	0.67%	-0.17pp	15q	+100.5%+$2.1M
BRUNSWICK CORP	BC	$4.1M	48,632	0.67%	-0.07pp	15q	+100.9%+$2.1M
LIGHTSPEED COMMERCE INC	LSPD	$3.8M	360,492	0.62%	-0.06pp	15q	+100.3%+$1.9M
BLUE OWL CAPITAL CORPORATION	OBDC	$3.7M	344,476	0.61%	-0.10pp	14q	+124.2%+$2.1M
EURONET WORLDWIDE INC	EEFT	$3.7M	50,066	0.60%	-0.10pp	3q	+100.3%+$1.8M
PROCTER & GAMBLE CO	PG	$3.5M	23,752	0.57%	-0.15pp	15q	+100.0%+$1.7M
SLB LIMITED	SLB	$3.3M	71,898	0.55%	-0.28pp	15q	+88.0%+$1.6M
FREEPORT-MCMORAN INC	FCX	$3.1M	49,904	0.51%	-0.10pp	15q	+100.9%+$1.6M
ISHARES TR	PFF	$3.0M	99,986	0.50%	-0.14pp	15q	+98.8%+$1.5M
TEXAS INSTRS INC	TXN	$3.0M	10,196	0.50%	+0.08pp	15q	+98.0%+$1.5M
ISHARES TR	TLT	$3.0M	34,600	0.49%	-	new	NEW
ARBOR REALTY TRUST INC	ABR	$3.0M	548,254	0.49%	+0.21pp	15q	+549.3%+$2.5M
J P MORGAN EXCHANGE TRADED F	JEPQ	$3.0M	48,000	0.48%	+0.03pp	3q	+147.4%+$1.8M
NVIDIA CORPORATION	NVDA	$2.9M	14,660	0.48%	+0.38pp	2q	+1002.3%+$2.7M
BUILDERS FIRSTSOURCE INC	BLDR	$2.9M	32,554	0.48%	-	new	NEW
LADDER CAP CORP	LADR	$2.9M	292,200	0.48%	-0.12pp	15q	+103.6%+$1.5M
NUVEEN MUN HIGH INCOME OPPOR	NMZ	$2.9M	271,500	0.47%	-0.11pp	15q	+103.8%+$1.5M
BANK OZK LITTLE ROCK ARK	OZK	$2.9M	55,092	0.47%	-0.26pp	4q	+46.9%+$916.4K
BANDWIDTH INC	BAND	$2.9M	45,040	0.47%	-0.92pp	15q	-75.7%-$8.9M
MARQETA INC	MQ	$2.8M	700,956	0.47%	-0.22pp	15q	+75.2%+$1.2M
KIMCO REALTY CORP	KIM	$2.8M	110,072	0.46%	-0.05pp	3q	+104.1%+$1.4M
STATE STR SPDR S&P 500 ETF T	SPY	$2.8M	3,710	0.45%	-0.06pp	15q	+100.0%+$1.4M
CANNAE HLDGS INC	CNNE	$2.8M	192,378	0.45%	+0.01pp	15q	+110.1%+$1.5M
D R HORTON INC	DHI	$2.7M	16,852	0.45%	-0.04pp	15q	+101.1%+$1.4M
PAYPAL HLDGS INC	PYPL	$2.7M	62,560	0.44%	-0.15pp	2q	+100.2%+$1.4M
FIDUS INVT CORP	FDUS	$2.7M	141,294	0.44%	-0.09pp	15q	+93.9%+$1.3M
SERVICENOW INC CALL	NOW	$2.7M	7,090	0.44%	-0.14pp	2q	+119.4%+$1.5M
CATERPILLAR INC	CAT	$2.7M	2,522	0.44%	+0.04pp	14q	+88.8%+$1.3M
NICE LTD	NICE	$2.6M	29,032	0.43%	-	new	NEW
BROADSTONE NET LEASE INC	BNL	$2.6M	125,726	0.43%	-0.04pp	3q	+110.1%+$1.4M
ISHARES TR	CMBS	$2.6M	53,006	0.42%	-0.14pp	12q	+93.6%+$1.2M
VERTEX INC	VERX	$2.5M	220,300	0.41%	-0.09pp	4q	+120.3%+$1.4M
PHREESIA INC	PHR	$2.5M	240,354	0.41%	-0.05pp	2q	+84.9%+$1.1M
PIMCO DYNAMIC INCOME OPRNTS	PDO	$2.5M	186,368	0.40%	-0.09pp	15q	+106.7%+$1.3M
BLUE OWL TECHNOLOGY FIN CORP	OTF	$2.5M	237,936	0.40%	+0.13pp	2q	+350.6%+$1.9M
PAGERDUTY INC	PD	$2.4M	250,506	0.40%	-0.09pp	2q	+35.4%+$632.1K
PAR TECHNOLOGY CORP	PAR	$2.4M	138,218	0.39%	-0.06pp	4q	+72.8%+$1.0M
ASPEN AEROGELS INC	ASPN	$2.4M	371,178	0.39%	-0.26pp	7q	-17.5%-$499.7K
VICI PPTYS INC	VICI	$2.3M	87,800	0.38%	-0.12pp	15q	+100.0%+$1.2M
SPS COMM INC	SPSC	$2.3M	40,040	0.38%	+0.02pp	2q	+166.9%+$1.4M
FIDELITY NATL FINL INC	FNF	$2.3M	48,410	0.37%	-0.10pp	15q	+101.1%+$1.1M
COLUMBUS MCKINNON CORP N Y	CMCO	$2.3M	150,204	0.37%	-0.09pp	15q	+100.3%+$1.1M
FEDEX CORP	FDX	$2.2M	6,950	0.36%	-0.17pp	4q	+99.8%+$1.1M
MONDAY COM LTD	MNDY	$2.2M	30,040	0.36%	+0.06pp	2q	+200.4%+$1.5M
BILL HOLDINGS INC	BILL	$2.2M	60,046	0.36%	+0.08pp	6q	+253.2%+$1.6M
IONQ INC	IONQ	$2.1M	40,002	0.35%	-	new	NEW
PENNYMAC FINL SVCS INC NEW	PFSI	$2.1M	24,014	0.34%	+0.07pp	2q	+220.2%+$1.4M
SARATOGA INVT CORP	SAR	$2.1M	93,360	0.34%	-0.09pp	15q	+100.0%+$1.0M
FIRST SOLAR INC	FSLR	$2.1M	8,700	0.34%	-0.02pp	4q	+101.4%+$1.0M
UNION PAC CORP	UNP	$2.1M	7,542	0.34%	-0.05pp	15q	+101.3%+$1.0M
ONEOK INC NEW	OKE	$2.0M	23,500	0.34%	-0.11pp	15q	+100.0%+$1.0M
EQT CORP	EQT	$2.0M	38,396	0.33%	+0.07pp	3q	+293.2%+$1.5M
SNOWFLAKE INC CALL	SNOW	$2.0M	options only	0.33%	+0.08pp	2q	OPTIONS
BRAEMAR HOTELS & RESORTS INC	BHRPRB	$2.0M	147,734	0.33%	-0.12pp	10q	+100.0%+$1.0M
DISNEY WALT CO	DIS	$2.0M	20,826	0.33%	-0.10pp	15q	+99.1%+$997.5K
DOCUSIGN INC	DOCU	$2.0M	45,034	0.33%	+0.19pp	11q	+555.2%+$1.7M
BRAZE INC	BRZE	$2.0M	90,072	0.32%	+0.05pp	2q	+233.6%+$1.4M
CHIPOTLE MEXICAN GRILL INC	CMG	$2.0M	57,424	0.32%	-0.07pp	3q	+100.4%+$978.1K
SAP SE	SAP	$1.9M	12,486	0.32%	-0.13pp	15q	+102.7%+$975.1K
ATLAS ENERGY SOLUTIONS INC	AESI	$1.9M	114,154	0.31%	-0.08pp	11q	+60.1%+$711.8K
ALPHABET INC	GOOGL	$1.9M	5,250	0.31%	-0.01pp	15q	+100.0%+$938.1K
VIPER ENERGY INC	VNOM	$1.8M	43,408	0.30%	-0.13pp	4q	+100.0%+$920.2K
AMPLITUDE INC	AMPL	$1.8M	240,176	0.30%	+0.11pp	2q	+269.5%+$1.3M
FRESHWORKS INC	FRSH	$1.8M	180,198	0.30%	-	new	NEW
VIA TRANSN INC	VIA	$1.8M	100,136	0.30%	-0.02pp	2q	+100.3%+$909.5K
HUNTINGTON BANCSHARES INC	HBAN	$1.8M	101,302	0.29%	-0.04pp	3q	+100.0%+$898.1K
STRATASYS LTD	SSYS	$1.7M	200,000	0.28%	-	new	NEW
AVALONBAY CMNTYS INC	AVB	$1.7M	9,036	0.28%	-0.03pp	4q	+101.3%+$858.2K
RAPID7 INC	RPD	$1.7M	210,284	0.28%	+0.03pp	3q	+100.3%+$852.8K
BXP INC	BXP	$1.7M	25,590	0.28%	flat	4q	+98.3%+$841.0K
AMERICAN EXPRESS CO	AXP	$1.7M	5,012	0.28%	-0.04pp	15q	+100.0%+$847.7K
VISA INC	V	$1.7M	4,834	0.27%	-0.04pp	15q	+100.0%+$829.2K
CHENIERE ENERGY INC	LNG	$1.6M	6,900	0.27%	-	new	NEW
PROCORE TECHNOLOGIES INC CALL	PCOR	$1.6M	30,012	0.27%	+0.15pp	2q	HELD
UNIQURE NV CALL	QURE	$1.6M	options only	0.26%	+0.13pp	2q	OPTIONS
CALAMOS STRATEGIC TOTAL RETU	CSQ	$1.6M	77,600	0.26%	-0.02pp	15q	+100.0%+$797.7K
NUVEEN PFD & INCOME OPPORTUN	JPC	$1.6M	201,128	0.26%	-0.06pp	15q	+100.0%+$792.4K
ROCKET LAB CORP	RKLB	$1.6M	15,501	0.26%	-	new	NEW
STARWOOD PPTY TR INC	STWD	$1.6M	95,374	0.26%	-0.08pp	15q	+106.2%+$804.5K
DOMO INC	DOMO	$1.5M	488,530	0.25%	flat	15q	+151.8%+$921.9K
VERIZON COMMUNICATIONS INC	VZ	$1.5M	35,574	0.25%	-0.14pp	15q	+94.5%+$731.9K
EOG RES INC	EOG	$1.5M	11,454	0.24%	-0.10pp	15q	+101.8%+$749.7K
VERRA MOBILITY CORP	VRRM	$1.4M	340,328	0.24%	-0.49pp	15q	+183.6%+$936.4K
DUKE ENERGY CORP NEW	DUK	$1.4M	11,074	0.23%	-0.08pp	15q	+100.0%+$700.9K
HERCULES CAPITAL INC	HTGC	$1.4M	86,116	0.22%	+0.01pp	2q	+147.6%+$809.5K
LIBERTY ENERGY INC	LBRT	$1.3M	50,000	0.21%	-	new	NEW
INTAPP INC	INTA	$1.3M	50,066	0.21%	-0.06pp	2q	+100.3%+$631.9K
JOHNSON & JOHNSON	JNJ	$1.2M	4,708	0.20%	-0.05pp	15q	+100.0%+$597.8K
PALANTIR TECHNOLOGIES INC	PLTR	$1.2M	10,000	0.19%	-	new	NEW
WALMART INC	WMT	$1.1M	10,000	0.19%	-	new	NEW
MERCK & CO INC	MRK	$1.1M	8,790	0.19%	-0.04pp	15q	+100.0%+$564.8K
HONEYWELL INTL INC	HON	$1.1M	5,040	0.19%	-	new	NEW
EATON VANCE TX ADV GLBL DIV	ETG	$1.1M	47,000	0.18%	-0.02pp	15q	+100.0%+$553.2K
HONEYWELL AEROSPACE INC	HONA	$1.1M	4,998	0.18%	-	new	NEW
BLACKROCK ENHANCED EQUITY DI	BDJ	$1.1M	114,000	0.18%	-0.03pp	15q	+100.0%+$545.5K
BLACKROCK MUNIHOLDINGS FD IN	MHD	$1.1M	90,420	0.18%	-0.18pp	15q	+19.8%+$177.3K
UNITED STS OIL FD LP CALL	USO	$1.1M	options only	0.17%	-	new	OPTIONS
NUVEEN MUN CR INCOME FD	NZF	$1.1M	83,420	0.17%	-0.04pp	15q	+100.0%+$528.9K
COSTCO WHOLESALE CORPORATION	COST	$1.0M	1,116	0.17%	-0.06pp	2q	+100.0%+$522.0K
MOLSON COORS BEVERAGE CO	TAP	$1.0M	26,290	0.17%	-0.13pp	15q	+59.4%+$381.7K
SOUTHLAND HLDGS INC	SLND	$997.8K	1,364,302	0.16%	-0.35pp	8q	+100.1%+$499.1K
KRAFT HEINZ CO	KHC	$952.2K	40,312	0.16%	-0.09pp	15q	+54.2%+$334.6K
SELECT SECTOR SPDR TR	XLK	$906.9K	4,760	0.15%	+0.02pp	11q	+100.0%+$453.4K
REGIONS FINANCIAL CORP NEW	RF	$906.0K	30,000	0.15%	-0.02pp	15q	+100.0%+$453.0K
TERAWULF INC CALL	WULF	$889.2K	options only	0.15%	-	new	OPTIONS
BNY MELLON MUN BD INFRASTRUC	DMB	$888.7K	80,500	0.15%	-0.03pp	15q	+100.0%+$444.4K
BNY MELLON STRATEGIC MUN BD	DSM	$887.1K	144,064	0.15%	-0.04pp	10q	+100.0%+$443.5K
ISHARES TR	IUSG	$865.6K	4,602	0.14%	-	new	NEW
FIRST TR EXCHANGE-TRADED FD	QTEC	$854.8K	2,554	0.14%	+0.02pp	15q	+100.0%+$427.4K
DAKOTA GOLD CORP	DC	$852.0K	200,002	0.14%	-	new	NEW
RITHM CAPITAL CORP	RITM	$847.0K	90,200	0.14%	-0.04pp	15q	+100.0%+$423.5K
TEXAS CAP BANCSHARES INC	TCBI	$826.9K	8,008	0.14%	-0.10pp	4q	+33.5%+$207.3K
STRYKER CORPORATION	SYK	$826.8K	2,626	0.14%	-0.04pp	14q	+108.6%+$430.4K
AEROVIRONMENT INC	AVAV	$824.3K	5,002	0.14%	-	new	NEW
MASTERCARD INCORPORATED	MA	$823.8K	1,604	0.14%	-0.03pp	11q	+103.3%+$418.6K
ISHARES TR	IUSV	$823.7K	7,478	0.14%	-	new	NEW
FLAHERTY & CRUMRINE DYNAMIC	DFP	$806.1K	39,000	0.13%	-0.04pp	15q	+90.2%+$382.4K
XERIS BIOPHARMA HOLDINGS INC	XERS	$793.1K	100,136	0.13%	+0.01pp	2q	+100.3%+$397.1K
CAVA GROUP INC CALL	CAVA	$784.8K	options only	0.13%	-0.04pp	2q	OPTIONS
ATLASSIAN CORPORATION CALL	TEAM	$777.9K	options only	0.13%	-0.30pp	2q	OPTIONS
NEOS ETF TRUST	QQQI	$772.3K	13,600	0.13%	+0.03pp	2q	+182.2%+$498.6K
PROLOGIS INC.	PLD	$756.2K	5,582	0.12%	-0.03pp	6q	+103.3%+$384.2K
APPLIED DIGITAL CORP CALL	APLD	$746.0K	options only	0.12%	-	new	OPTIONS
FERMI INC CALL	FRMI	$732.8K	options only	0.12%	+0.02pp	2q	OPTIONS
ORACLE CORP	ORCL	$732.8K	5,000	0.12%	-0.04pp	13q	+100.0%+$366.4K
ZEBRA TECHNOLOGIES CORPORATI	ZBRA	$724.0K	2,750	0.12%	flat	11q	+108.2%+$376.2K
AMERICAN AIRLINES GROUP INC CALL	AAL	$722.8K	options only	0.12%	-	new	OPTIONS
NVENT ELEC PLC	NVT	$720.8K	4,250	0.12%	+0.01pp	2q	+100.0%+$360.4K
REGENXBIO INC	RGNX	$719.8K	60,080	0.12%	+0.01pp	2q	+100.3%+$360.4K
NUVEEN S&P 500 DYNAMIC OVERW	SPXX	$668.8K	35,878	0.11%	-0.01pp	2q	+99.9%+$334.3K
DOLBY LABORATORIES INC	DLB	$668.3K	12,710	0.11%	-0.04pp	8q	+120.8%+$365.6K
BP PLC	BP	$632.4K	17,116	0.10%	-0.07pp	15q	+100.0%+$316.2K
NUVEEN TAXABLE MUNICPAL INM	NBB	$631.2K	40,000	0.10%	-0.03pp	15q	+100.0%+$315.6K
TYLER TECHNOLOGIES INC	TYL	$602.5K	2,060	0.10%	-0.04pp	14q	+120.8%+$329.6K
CORPAY INC	CPAY	$601.2K	1,804	0.10%	-0.01pp	3q	+104.8%+$307.6K
BLACKROCK CR ALLOCATION	BTZ	$600.2K	58,732	0.10%	-0.03pp	15q	+100.0%+$300.1K
BLACKROCK MUNIASSETS FD INC	MUA	$584.2K	53,060	0.10%	-0.02pp	2q	+100.0%+$292.1K
PEBBLEBROOK HOTEL TR	PEBPRF	$582.6K	30,000	0.10%	-	new	NEW
NORFOLK SOUTHN CORP	NSC	$566.3K	1,800	0.09%	-0.02pp	8q	+100.0%+$283.1K
MUELLER INDS INC	MLI	$564.9K	9,200	0.09%	-	new	NEW
SPOTIFY TECHNOLOGY S A	SPOT	$551.0K	1,200	0.09%	-0.03pp	8q	+100.0%+$275.5K
EQUIFAX INC	EFX	$543.8K	3,426	0.09%	-0.03pp	11q	+126.0%+$303.2K
OPUS GENETICS INC	IRD	$535.0K	130,176	0.09%	-0.04pp	2q	+100.3%+$267.9K
CRACKER BARREL OLD CTRY STOR CALL	CBRL	$530.4K	options only	0.09%	-	new	OPTIONS
FEDEX FGHT HLDG CO INC		$518.2K	3,432	0.08%	-	new	NEW
SEQUANS COMMUNICATIONS S A	SQNS	$510.7K	150,209	0.08%	-	new	NEW
QNITY ELECTRONICS INC	Q	$483.4K	2,960	0.08%	-	new	NEW
TERADYNE INC	TER	$471.3K	974	0.08%	-	new	NEW
BLACKROCK MUNIYILD QULT FD I	MQY	$464.0K	40,000	0.08%	+0.03pp	15q	+300.0%+$348.0K
VERISK ANALYTICS INC	VRSK	$437.7K	2,438	0.07%	-0.03pp	15q	+100.0%+$218.8K
QUANTA SVCS INC	PWR	$432.0K	600	0.07%	-	new	NEW
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$402.1K	842	0.07%	-	new	NEW
ELI LILLY & CO	LLY	$400.6K	334	0.07%	-	new	NEW
GRAFTECH INTL LTD SR NT	EAF	$384.7K	65,086	0.06%	-0.03pp	2q	+100.3%+$192.6K
REIN THERAPEUTICS INC	RNTX	$374.4K	360,000	0.06%	-0.04pp	2q	+100.0%+$187.2K
PAYSAFE LIMITED	PSFE	$374.0K	50,068	0.06%	-	new	NEW
BLACKROCK TAX MUNICPAL BD TR	BBN	$339.6K	21,000	0.06%	-0.02pp	15q	+100.0%+$169.8K
CALAMOS CONV OPPORTUNITIES &	CHI	$322.6K	24,000	0.05%	flat	15q	+100.0%+$161.3K
ACTUATE THERAPEUTICS INC	ACTU	$306.0K	200,000	0.05%	-0.07pp	2q	+100.0%+$153.0K
MACERICH CO PUT	MAC	$251.9K	options only	0.04%	-	new	OPTIONS
CALAMOS GBL DYN INCOME FUND	CHW	$196.0K	22,000	0.03%	flat	15q	+100.0%+$98.0K
PIMCO MUN INCOME FD II	PML	$173.5K	22,800	0.03%	-0.01pp	15q	+100.0%+$86.8K
LIVEPERSON INC	LPSN	$84.4K	44,422	0.01%	-	new	NEW

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Software & IT Services	$127.1M	20.9%
Funds & ETFs	$73.2M	12.0%
Computer Hardware	$71.3M	11.7%
Semiconductors & Electronics	$30.9M	5.1%
Energy	$24.7M	4.1%
Business Services	$23.1M	3.8%
Biotech & Pharma	$22.0M	3.6%
Banks & Lending	$21.8M	3.6%
Real Estate	$21.2M	3.5%
Retail & Consumer	$19.7M	3.2%
Mining & Metals	$17.5M	2.9%
Industrials	$10.5M	1.7%
Other sectors	$36.6M	6.0%
Not classified	$110.0M	18.0%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q2 2026	+18.3%	+14.8%	+3.5%	98%
Q1 2026	-6.0%	-4.6%	-1.4%	97%
Q4 2025	+0.1%	+2.4%	-2.2%	99%
Q3 2025	+8.1%	+7.8%	+0.3%	98%
Q2 2025	+4.1%	+10.5%	-6.3%	96%
Q1 2025	-8.4%	-4.6%	-3.9%	95%
Q4 2024	+3.6%	+2.1%	+1.5%	86%
Q3 2024	+2.9%	+5.4%	-2.5%	100%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$609.8M	194	37	148	3	16	34.4%	45
Q1 2026	$236.8M	173	38	52	32	24	30.5%	45
Q4 2025	$239.8M	159	17	57	28	25	31.2%	48
Q3 2025	$248.7M	167	25	40	27	21	30.1%	45
Q2 2025	$244.9M	163	16	55	27	11	30.3%	36
Q1 2025	$231.3M	158	9	70	16	23	26.7%	49
Q4 2024	$263.9M	172	13	44	39	17	28.1%	71
Q3 2024	$294.0M	176	23	52	39	9	33.5%	163
Q2 2024	$235.9M	162	9	61	23	8	28.2%	44
Q1 2024	$231.2M	161	6	65	25	4	25.1%	44
Q4 2023	$225.8M	159	16	58	39	11	25.2%	45
Q3 2023	$211.0M	154	6	45	43	12	28.4%	529
Q2 2023	$213.0M	160	11	47	54	11	27.0%	42
Q1 2023	$204.3M	160	18	52	36	9	26.8%	42
Q4 2022	$191.7M	151	0	0	0	0	25.8%	45

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.