# Bienville Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1605070. Source: https://holderbook.com/funds/1605070-bienville-capital-management-llc/

- Reported value: $749.7M
- Positions: 92
- Weight of the ten largest: 53.1%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $68.5M | 411,240 | 9.1% | 4 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $54.3M | 32,018 | 7.2% | 7 |
| APTUS COLLARED INV | [ACIO](https://holderbook.com/stocks/ACIO/) | $51.6M | 1,119,148 | 6.9% | 19 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $43.1M | 233,312 | 5.7% | 3 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $36.8M | 72,289 | 4.9% | 2 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $31.5M | 621,850 | 4.2% | 7 |
| APTUS DRAWDOWN MANAGED | [ADME](https://holderbook.com/stocks/ADME/) | $29.6M | 531,073 | 3.9% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $28.4M | 37,884 | 3.8% | 31 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $27.4M | 1,527,406 | 3.7% | 1 |
| HIMS & HERS HEALTH INC | [HIMS](https://holderbook.com/stocks/HIMS/) | $27.2M | 785,739 | 3.6% | 1 |
| KLARNA GROUP PLC | [KLAR](https://holderbook.com/stocks/KLAR/) | $22.2M | 1,094,995 | 3.0% | 2 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $20.7M | 42,259 | 2.8% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $20.7M | 86,722 | 2.8% | 31 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $17.6M | 26,167 | 2.3% | 2 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $16.7M | 96,020 | 2.2% | 8 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $15.0M | 128,416 | 2.0% | 1 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $14.5M | 145,183 | 1.9% | 2 |
| KLAVIYO INC | [KVYO](https://holderbook.com/stocks/KVYO/) | $14.2M | 938,354 | 1.9% | 4 |
| ETF SER SOLUTIONS | [DEFR](https://holderbook.com/stocks/DEFR/) | $13.9M | 520,782 | 1.9% | 1 |
| FIGMA INC | [FIG](https://holderbook.com/stocks/FIG/) | $13.3M | 736,590 | 1.8% | 1 |
| GLOBAL E ONLINE LTD | [GLBE](https://holderbook.com/stocks/GLBE/) | $13.0M | 374,935 | 1.7% | 1 |
| OMADA HEALTH INC | [OMDA](https://holderbook.com/stocks/OMDA/) | $12.6M | 573,314 | 1.7% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.4M | 42,792 | 1.7% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $11.6M | 22,444 | 1.5% | 2 |
| APTUS DEFINED RISK ETF | [DRSK](https://holderbook.com/stocks/DRSK/) | $11.1M | 385,769 | 1.5% | 7 |
| RUBRIK INC. | [RBRK](https://holderbook.com/stocks/RBRK/) | $9.7M | 120,987 | 1.3% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $8.5M | 23,812 | 1.1% | 29 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $8.2M | 19,401 | 1.1% | 27 |
| GLOBAL X FDS | [AIQ](https://holderbook.com/stocks/AIQ/) | $6.4M | 98,021 | 0.9% | 2 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $5.5M | 66,573 | 0.7% | 3 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $5.5M | 14,826 | 0.7% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.0M | 13,314 | 0.7% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.8M | 6,410 | 0.6% | 2 |
| PALMER SQUARE CAPITAL BDC IN | [PSBD](https://holderbook.com/stocks/PSBD/) | $4.6M | 425,379 | 0.6% | 9 |
| ALLIANCE RESOURCE PARTNERS L | [ARLP](https://holderbook.com/stocks/ARLP/) | $4.2M | 173,893 | 0.6% | 18 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $3.9M | 5,252 | 0.5% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.7M | 18,619 | 0.5% | 25 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.6M | 17,126 | 0.5% | 7 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $3.0M | 28,493 | 0.4% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.0M | 39,210 | 0.4% | 1 |
| FLEXSHARES TR | [QDF](https://holderbook.com/stocks/QDF/) | $2.7M | 30,220 | 0.4% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.3M | 7,562 | 0.3% | 16 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $2.3M | 25,475 | 0.3% | 1 |
| CANTON STRATEGIC HOLDINGS IN | [CNTN](https://holderbook.com/stocks/CNTN/) | $1.8M | 650,407 | 0.2% | 2 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.8M | 7,652 | 0.2% | 31 |
| ADTRAN HOLDINGS INC | [ADTN](https://holderbook.com/stocks/ADTN/) | $1.8M | 127,247 | 0.2% | 1 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $1.8M | 132,079 | 0.2% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.4M | 11,540 | 0.2% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.3M | 3,782 | 0.2% | 31 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.2M | 24,050 | 0.2% | 1 |
| JANUS DETROIT STR TR | [JBBB](https://holderbook.com/stocks/JBBB/) | $1.2M | 24,816 | 0.2% | 1 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $1.1M | 33,325 | 0.1% | 5 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $1.1M | 19,644 | 0.1% | 21 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.1M | 13,117 | 0.1% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.1M | 4,203 | 0.1% | 31 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $1.0M | 24,380 | 0.1% | 1 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $981.8K | 18,362 | 0.1% | 9 |
| APTUS ENHANCED YIELD | [JUCY](https://holderbook.com/stocks/JUCY/) | $964.0K | 43,856 | 0.1% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $929.0K | 12,874 | 0.1% | 25 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $913.4K | 8,000 | 0.1% | 5 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $885.8K | 4,669 | 0.1% | 25 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $877.0K | 13,030 | 0.1% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $830.3K | 1,474 | 0.1% | 14 |
| FLEXSHARES TR | [NFRA](https://holderbook.com/stocks/NFRA/) | $775.8K | 12,099 | 0.1% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $756.3K | 2,002 | 0.1% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $700.4K | 9,830 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $682.0K | 1,843 | 0.1% | 18 |
| PROSHARES TR | [CSM](https://holderbook.com/stocks/CSM/) | $562.4K | 6,600 | 0.1% | 31 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $536.6K | 5,607 | 0.1% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $488.2K | 3,292 | 0.1% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $459.4K | 2,924 | 0.1% | 28 |
| FLEXSHARES TR | [GUNR](https://holderbook.com/stocks/GUNR/) | $415.0K | 8,421 | 0.1% | 8 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $411.9K | 950 | 0.1% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $405.5K | 1,500 | 0.1% | 31 |
| BNY MELLON ETF TRUST II | [BMOP](https://holderbook.com/stocks/BMOP/) | $389.7K | 15,457 | 0.1% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $374.8K | 749 | 0.0% | 7 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $355.4K | 788 | 0.0% | 23 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $352.3K | 1,120 | 0.0% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $351.7K | 735 | 0.0% | 4 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $351.6K | 3,641 | 0.0% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $345.0K | 324 | 0.0% | 1 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $333.3K | 4,075 | 0.0% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $314.4K | 1,000 | 0.0% | 14 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $266.9K | 7,735 | 0.0% | 3 |
| EXTREME NETWORKS INC | [EXTR](https://holderbook.com/stocks/EXTR/) | $263.2K | 8,130 | 0.0% | 1 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $251.1K | 1,650 | 0.0% | 1 |
| SERIES PORTFOLIOS TR | [CLOX](https://holderbook.com/stocks/CLOX/) | $250.3K | 9,773 | 0.0% | 1 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $228.6K | 1,007 | 0.0% | 1 |
| RECURSION PHARMACEUTICALS IN | [RXRX](https://holderbook.com/stocks/RXRX/) | $213.1K | 58,053 | 0.0% | 19 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $203.7K | 2,528 | 0.0% | 1 |
| BLEND LABS INC | [BLND](https://holderbook.com/stocks/BLND/) | $57.4K | 33,579 | 0.0% | 8 |
| POWERFLEET INC | [AIOT](https://holderbook.com/stocks/AIOT/) | $54.0K | 14,095 | 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 | +23.1% | +14.8% | +8.3% | 96% |
| Q1 2026 | -19.1% | -4.6% | -14.5% | 96% |
| Q4 2025 | -2.2% | +2.4% | -4.6% | 100% |
| Q3 2025 | +2.6% | +7.8% | -5.2% | 100% |
| Q2 2025 | +14.6% | +10.5% | +4.2% | 100% |
| Q1 2025 | -1.8% | -4.6% | +2.7% | 100% |
| Q4 2024 | +10.4% | +2.1% | +8.2% | 101% |
| Q3 2024 | +5.1% | +5.4% | -0.4% | 102% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $749.7M | 92 |
| Q1 2026 | $550.0M | 73 |
| Q4 2025 | $629.6M | 76 |
| Q3 2025 | $524.8M | 74 |
| Q2 2025 | $507.3M | 68 |
| Q1 2025 | $412.3M | 66 |
| Q4 2024 | $408.1M | 78 |
| Q3 2024 | $386.5M | 76 |
| Q2 2024 | $417.1M | 78 |
| Q1 2024 | $328.7M | 77 |
| Q4 2023 | $368.3M | 86 |
| Q3 2023 | $360.5M | 90 |