# Rovida Advisors Inc.

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1653857. Source: https://holderbook.com/funds/1653857-rovida-advisors-inc/

- Reported value: $116.0M
- Positions: 12
- Weight of the ten largest: 94.3%
- Filed: 2025-11-12

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 |
|---|---|---|---|---|---|
| PAR TECHNOLOGY CORP | [PAR](https://holderbook.com/stocks/PAR/) | $29.7M | 750,000 | 25.6% | 26 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $19.4M | 80,000 | 16.8% | 5 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $12.2M | 50,300 | 10.5% | 3 |
| ALIGHT INC | [ALIT](https://holderbook.com/stocks/ALIT/) | $12.1M | 3,700,000 | 10.4% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $10.4M | 30,000 | 8.9% | 2 |
| INTERNATIONAL PAPER CO | [IP](https://holderbook.com/stocks/IP/) | $7.0M | 150,000 | 6.0% | 6 |
| ADVISORSHARES TR | [MSOS](https://holderbook.com/stocks/MSOS/) | $5.8M | 1,200,000 | 5.0% | 5 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $5.2M | 75,000 | 4.5% | 4 |
| CAESARS ENTERTAINMENT INC NE | [CZR](https://holderbook.com/stocks/CZR/) | $4.1M | 150,000 | 3.5% | 6 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $3.6M | 100,000 | 3.1% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.5M | 25,000 | 3.0% | 2 |
| SPECTRUM BRANDS HOLDINGS INC | [SPB](https://holderbook.com/stocks/SPB/) | $3.1M | 60,000 | 2.7% | 2 |

## 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 |
|---|---|---|---|---|
| Q3 2025 | -9.2% | +7.8% | -17.0% | 100% |
| Q2 2025 | +12.6% | +10.5% | +2.2% | 100% |
| Q1 2025 | -13.3% | -4.6% | -8.7% | 100% |
| Q4 2024 | +1.2% | +2.1% | -1.0% | 100% |
| Q3 2024 | +10.5% | +5.4% | +5.0% | 100% |
| Q2 2024 | +0.3% | +4.0% | -3.8% | 100% |
| Q1 2024 | +1.1% | +10.0% | -8.9% | 100% |
| Q4 2023 | +10.5% | +11.2% | -0.7% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $116.0M | 12 |
| Q2 2025 | $112.4M | 12 |
| Q1 2025 | $133.5M | 12 |
| Q4 2024 | $128.5M | 12 |
| Q3 2024 | $317.7M | 23 |
| Q2 2024 | $280.4M | 23 |
| Q1 2024 | $287.6M | 26 |
| Q4 2023 | $245.2M | 16 |
| Q3 2023 | $263.1M | 17 |
| Q2 2023 | $229.4M | 17 |
| Q1 2023 | $256.4M | 21 |
| Q4 2022 | $271.8M | 24 |