# PING CAPITAL MANAGEMENT, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1804352. Source: https://holderbook.com/funds/1804352-ping-capital-management-inc/

- Reported value: $401.0M
- Positions: 76
- Weight of the ten largest: 72.9%
- Filed: 2026-07-20

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 |
|---|---|---|---|---|---|
| YPF SOCIEDAD ANONIMA | [YPF](https://holderbook.com/stocks/YPF/) | $73.3M | 1,611,500 | 18.3% | 9 |
| GRUPO FINANCIERO GALICIA S.A | [GGAL](https://holderbook.com/stocks/GGAL/) | $41.6M | 832,400 | 10.4% | 9 |
| BANCO BBVA ARGENTINA S A | [BBAR](https://holderbook.com/stocks/BBAR/) | $33.4M | 1,703,800 | 8.3% | 9 |
| PAMPA ENERGIA S A | [PAM](https://holderbook.com/stocks/PAM/) | $30.2M | 368,000 | 7.5% | 9 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $28.4M | 3,800 | 7.1% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $24.4M | 6,000 | 6.1% | 9 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $22.7M | 895,800 | 5.6% | 9 |
| BANCO MACRO SA | [BMA](https://holderbook.com/stocks/BMA/) | $15.8M | 171,004 | 3.9% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $14.1M | 500 | 3.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.3M | 900 | 2.1% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.8M | 1,000 | 1.7% | 2 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $6.1M | 177,800 | 1.5% | 9 |
| EMPRESA DIST Y COMERCIAL NOR | [EDN](https://holderbook.com/stocks/EDN/) | $6.0M | 238,500 | 1.5% | 9 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $5.5M | 86,700 | 1.4% | 6 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $5.3M | 168,000 | 1.3% | 9 |
| GRUPO SUPERVIELLE S.A. | [SUPV](https://holderbook.com/stocks/SUPV/) | $5.0M | 518,700 | 1.2% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.5M | 0 | 1.1% | 1 |
| TRANSPORTADORA DE GAS DEL SU | [TGS](https://holderbook.com/stocks/TGS/) | $4.3M | 144,300 | 1.1% | 9 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.9M | 8,500 | 1.0% | 3 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $3.9M | 0 | 1.0% | 1 |
| DIREXION SHARES ETF TRUST | [YINN](https://holderbook.com/stocks/YINN/) | $3.3M | 154,800 | 0.8% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.1M | 800 | 0.8% | 2 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $2.8M | 110,000 | 0.7% | 3 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $2.8M | 29,000 | 0.7% | 2 |
| CENTRAL PUERTO S A | [CEPU](https://holderbook.com/stocks/CEPU/) | $2.6M | 175,200 | 0.6% | 9 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $2.4M | 1,400 | 0.6% | 3 |
| CRESUD S A C I F Y A | [CRESY](https://holderbook.com/stocks/CRESY/) | $1.9M | 171,355 | 0.5% | 9 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $1.9M | 25,000 | 0.5% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.9M | 7,200 | 0.5% | 1 |
| IRSA INVERSIONES Y REP S A | [IRS](https://holderbook.com/stocks/IRS/) | $1.8M | 119,551 | 0.5% | 9 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $1.7M | 0 | 0.4% | 1 |
| CORPORACION AMER ARPTS S A | [CAAP](https://holderbook.com/stocks/CAAP/) | $1.7M | 66,000 | 0.4% | 9 |
| LOMA NEGRA CORP | [LOMA](https://holderbook.com/stocks/LOMA/) | $1.6M | 138,000 | 0.4% | 9 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $1.3M | 21,400 | 0.3% | 1 |
| BILIBILI INC | [BILI](https://holderbook.com/stocks/BILI/) | $1.2M | 72,000 | 0.3% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.2M | 5,000 | 0.3% | 5 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.2M | 0 | 0.3% | 1 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $1.1M | 68,900 | 0.3% | 9 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.1M | 45,000 | 0.3% | 9 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.1M | 4,000 | 0.3% | 9 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $1.1M | 6,900 | 0.3% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $999.6K | 14,000 | 0.2% | 2 |
| DIREXION SHARES ETF TRUST | [TMF](https://holderbook.com/stocks/TMF/) | $995.4K | 28,000 | 0.2% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $962.5K | 10,000 | 0.2% | 9 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $948.6K | 71,000 | 0.2% | 3 |
| ADECOAGRO S A | [AGRO](https://holderbook.com/stocks/AGRO/) | $926.4K | 97,000 | 0.2% | 9 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $857.2K | 7,500 | 0.2% | 2 |
| ETF SER SOLUTIONS | [JETS](https://holderbook.com/stocks/JETS/) | $830.5K | 25,000 | 0.2% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $800.4K | 0 | 0.2% | 3 |
| XPENG INC | [XPEV](https://holderbook.com/stocks/XPEV/) | $794.4K | 60,000 | 0.2% | 2 |
| LITHIUM ARGENTINA AG | [LAR](https://holderbook.com/stocks/LAR/) | $785.6K | 95,000 | 0.2% | 6 |
| LI AUTO INC | [LI](https://holderbook.com/stocks/LI/) | $774.8K | 66,000 | 0.2% | 3 |
| CARNIVAL CORP LTD | [CCL](https://holderbook.com/stocks/CCL/) | $714.2K | 25,000 | 0.2% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $659.5K | 4,500 | 0.2% | 1 |
| TENCENT MUSIC ENTMT GROUP | [TME](https://holderbook.com/stocks/TME/) | $626.2K | 75,000 | 0.2% | 2 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $601.8K | 30,000 | 0.2% | 1 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $583.6K | 38,800 | 0.1% | 9 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $530.4K | 40,000 | 0.1% | 2 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $512.1K | 8,000 | 0.1% | 1 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $426.6K | 10,000 | 0.1% | 4 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $421.1K | 2,500 | 0.1% | 1 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $372.3K | 1,000 | 0.1% | 2 |
| DBX ETF TR | [ASHR](https://holderbook.com/stocks/ASHR/) | $366.6K | 10,000 | 0.1% | 3 |
| FRESENIUS MEDICAL CARE AG | [FMS](https://holderbook.com/stocks/FMS/) | $339.1K | 15,000 | 0.1% | 3 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $336.9K | 30,000 | 0.1% | 3 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $329.1K | 15,000 | 0.1% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $308.2K | 0 | 0.1% | 1 |
| ECOPETROL S A | [EC](https://holderbook.com/stocks/EC/) | $299.0K | 21,000 | 0.1% | 9 |
| TELECOM ARGENTINA S A | [TEO](https://holderbook.com/stocks/TEO/) | $269.1K | 20,700 | 0.1% | 4 |
| AUTOHOME INC | [ATHM](https://holderbook.com/stocks/ATHM/) | $266.4K | 14,000 | 0.1% | 3 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $261.2K | 500 | 0.1% | 5 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $239.7K | 5,000 | 0.1% | 1 |
| LISTED FDS TR | [MAGS](https://holderbook.com/stocks/MAGS/) | $225.1K | 0 | 0.1% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $216.5K | 1,000 | 0.1% | 1 |
| LITHIUM AMERS CORP NEW | [LAC](https://holderbook.com/stocks/LAC/) | $116.3K | 30,200 | 0.0% | 3 |
| BIOCERES CROP SOLUTIONS CORP | [BIOX](https://holderbook.com/stocks/BIOX/) | $29.8K | 55,000 | 0.0% | 9 |

## 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 | +0.2% | +14.8% | -14.6% | 100% |
| Q1 2026 | +9.0% | -4.6% | +13.7% | 100% |
| Q4 2025 | +40.2% | +2.4% | +37.8% | 100% |
| Q3 2025 | -12.8% | +7.8% | -20.7% | 100% |
| Q2 2025 | -3.0% | +10.5% | -13.4% | 100% |
| Q1 2025 | -9.9% | -4.6% | -5.4% | 100% |
| Q4 2024 | +53.3% | +2.1% | +51.2% | 100% |
| Q3 2024 | +12.5% | +5.4% | +7.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $401.0M | 76 |
| Q1 2026 | $350.3M | 83 |
| Q4 2025 | $347.8M | 78 |
| Q3 2025 | $294.2M | 72 |
| Q2 2025 | $411.0M | 74 |
| Q1 2025 | $269.8M | 85 |
| Q4 2024 | $412.6M | 84 |
| Q3 2024 | $355.5M | 84 |
| Q2 2024 | $327.4M | 76 |