# 400 Capital Management LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1909739. Source: https://holderbook.com/funds/1909739-400-capital-management-llc/

- Reported value: $1.4B
- Positions: 3
- Weight of the ten largest: 100.0%
- Filed: 2025-10-21

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/) | $1.4B | 0 | 97.9% | 11 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $20.3M | 0 | 1.5% | 12 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $9.7M | 0 | 0.7% | 4 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $1.4B | 3 |
| Q2 2025 | $1.0B | 5 |
| Q1 2025 | $431.1M | 5 |
| Q4 2024 | $1.5B | 4 |
| Q3 2023 | $374.1M | 4 |
| Q2 2023 | $517.1B | 6 |
| Q1 2023 | $26.0M | 4 |
| Q4 2022 | $20.5M | 7 |
| Q3 2022 | $496.7M | 8 |
| Q2 2022 | $1.3B | 11 |
| Q1 2022 | $434.4M | 15 |
| Q4 2021 | $137.4M | 10 |