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Elequin Capital, LP

Q2 2025 · Filed 2025-08-11
Market Value
$352M
-6.5%
Holdings
446
-172
New Purchases
174
Added To
73
Closed
149
Reduced
41
Top 10 Concentration
67.7%
Turnover
72.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBIT 21.85% 1.72% +20.12% $77M
NEE-PR 12.80% 0.00% +12.80% $45M
FBTC 10.42% 0.00% +10.42% $37M
ETHA 3.86% 0.03% +3.83% $14M
FETH 5.68% 1.86% +3.82% $20M
ARKB 2.86% 0.01% +2.85% $10M
ETHW 2.37% 0.01% +2.36% $8M
ETH 3.64% 1.61% +2.04% $13M
CWB 2.03% 0.00% +2.03% $7M
BTC 1.84% 0.01% +1.84% $6M
JMST 1.27% 0.00% +1.27% $4M
FTHI 0.82% 0.00% +0.82% $3M
PLTR 1.07% 0.34% +0.72% $4M
SCMB 0.72% 0.00% +0.72% $3M
CALI 0.68% 0.00% +0.68% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 0.00% 18.11% -18.11% $0
AAPL 0.03% 16.19% -16.16% $104K
META 0.06% 15.70% -15.65% $199K
TSLA 2.15% 7.67% -5.52% $8M
NVDA 0.34% 5.77% -5.44% $1M
TFI 0.05% 4.27% -4.22% $180K
UCON 0.11% 1.80% -1.68% $392K
ICVT 0.00% 1.65% -1.65% $0
SUB 0.00% 1.57% -1.57% $0
BTCW 0.05% 1.49% -1.44% $183K
ETHV 0.12% 1.55% -1.43% $422K
MSTR 1.51% 2.44% -0.94% $5M
IJS 0.00% 0.93% -0.93% $0
SHM 0.01% 0.76% -0.75% $52K
HYD 0.00% 0.62% -0.62% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 28 $18M 5.1%
Large Cap 85 $186M 52.8%
Mid Cap 90 $80M 22.6%
Small Cap 168 $45M 12.7%
Micro Cap 75 $24M 6.7%

Portfolio Analytics

Avg Market Cap
$85.2B
Median Market Cap
$1.6B
Avg P/E
28.6
Median P/E
14.7
Avg Dividend Yield
0.05%
Avg Beta
0.88
# Stocks
168
# ETFs / Funds
279

Top Holdings (446 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IBIT 21.85% 1,255,682 $77M $61.21 $70M +1,117,231 +807.0%
2 NEE-PR 12.80% 1,134,000 $45M $39.72 +1,134,000 NEW
3 FBTC 10.42% 390,010 $37M $93.99 +390,010 NEW
4 FETH 5.68% 793,745 $20M $25.17 $13M +411,025 +107.4%
5 ETHA 3.86% 712,497 $14M $19.07 $13M +704,899 +9277.4%
6 ETH 3.64% 539,978 $13M $23.72 $7M +189,249 +54.0%
7 ARKB 2.86% 280,830 $10M $35.79 $10M +280,532 +94138.3%
8 ETHW 2.37% 462,025 $8M $18.06 $8M +460,000 +22716.0%
9 TSLA 2.15% 23,860 $8M $317.66 -$21M -87,534 -78.6%
10 CWB 2.03% 86,501 $7M $82.66 +86,501 NEW
11 BTC 1.84% 135,924 $6M $47.75 $6M +135,156 +17598.4%
12 MSTR 1.51% 13,111 $5M $404.23 -$4M -18,768 -58.9%
13 SMCI 1.40% 100,795 $5M $49.01 $2M +9,454 +10.3%
14 JMST 1.27% 88,004 $4M $50.92 +88,004 NEW
15 PLTR 1.07% 27,579 $4M $136.32 $2M +12,207 +79.4%
16 FTHI 0.82% 126,702 $3M $22.85 +126,702 NEW
17 BSMY 0.76% 113,360 $3M $23.72 $571K +25,300 +28.7%
18 INCM 0.72% 93,095 $3M $27.05 $2M +77,348 +491.2%
19 SCMB 0.72% 100,000 $3M $25.18 +100,000 NEW
20 MUB 0.70% 23,425 $2M $104.48 $2M +19,016 +431.3%
21 CALI 0.68% 47,570 $2M $50.45 +47,570 NEW
22 CLOX 0.66% 91,199 $2M $25.60 +91,199 NEW
23 BRRR 0.66% 76,538 $2M $30.47 $2M +74,420 +3513.7%
24 PYLD 0.66% 87,532 $2M $26.54 +87,532 NEW
25 SMMU 0.65% 45,444 $2M $50.17 +45,444 NEW
26 VTES 0.62% 21,743 $2M $100.93 $2M +21,241 +4231.3%
27 BITB 0.62% 37,045 $2M $58.59 $2M +35,438 +2205.2%
28 QQQ 0.59% 3,788 $2M $551.64 -$126K -936 -19.8%
29 BSMR 0.59% 89,011 $2M $23.47 +89,011 NEW
30 PHYS 0.52% 71,543 $2M $25.35 -$2M -77,139 -51.9%
31 SHYM 0.49% 76,652 $2M $22.31 $1M +49,202 +179.2%
32 FCAL 0.45% 32,962 $2M $47.97 +32,962 NEW
33 DFGX 0.45% 29,464 $2M $53.36 $1M +26,226 +809.9%
34 COIN 0.40% 4,047 $1M $350.49 -$1M -12,283 -75.2%
35 VTEB 0.39% 27,808 $1M $49.03 +27,808 NEW
36 CGMU 0.37% 49,034 $1M $26.69 -$3K +110 +0.2%
37 FCVT 0.35% 32,059 $1M $38.81 -$1M -35,940 -52.9%
38 SLV 0.35% 37,210 $1M $32.81 $1M +36,615 +6153.8%
39 NVDA 0.34% 7,535 $1M $157.99 -$21M -192,930 -96.2%
40 BSMU 0.29% 47,654 $1M $21.50 +47,654 NEW
41 HEFA 0.29% 26,891 $1M $37.96 -$266K -8,567 -24.2%
42 MMIN 0.27% 40,000 $932K $23.31 +40,000 NEW
43 HYGH 0.26% 10,667 $923K $86.53 +10,667 NEW
44 BKLN 0.23% 38,645 $808K $20.92 $244K +11,376 +41.7%
45 SPY 0.22% 1,272 $786K $617.85 $458K +686 +117.1%
46 CGHM 0.22% 31,656 $780K $24.64 +31,656 NEW
47 BMAX 0.22% 26,160 $777K $29.70 +26,160 NEW
48 SHYD 0.20% 31,872 $720K $22.59 +31,872 NEW
49 GOOGL 0.19% 3,842 $677K $176.23 $613K +3,428 +828.0%
50 MMIT 0.19% 27,641 $659K $23.85 +27,641 NEW
51 TLT 0.18% 7,345 $648K $88.25 $562K +6,397 +674.8%
52 BSMQ 0.18% 27,234 $642K $23.56 +27,234 NEW
53 VRP 0.18% 25,952 $635K $24.45 +25,952 NEW
54 XLU 0.18% 7,716 $630K $81.66 +7,716 NEW
55 HYG 0.18% 7,777 $627K $80.65 -$631K -8,171 -51.2%
56 BMEZ 0.17% 45,072 $613K $13.59 $507K +37,993 +536.7%
57 CVRT 0.17% 18,630 $597K $32.06 +18,630 NEW
58 MINO 0.16% 12,483 $552K $44.23 +12,483 NEW
59 FBCG 0.15% 11,145 $538K $48.24 -$735K -20,698 -65.0%
60 EXG 0.15% 61,257 $536K $8.75 +61,257 NEW
61 NZF 0.14% 42,314 $504K $11.92 $404K +34,079 +413.8%
62 BST 0.14% 13,024 $497K $38.17 $477K +12,421 +2059.9%
63 HYT 0.14% 50,918 $496K $9.75 $453K +46,399 +1026.8%
64 ECAT 0.14% 30,360 $488K $16.06 $127K +7,526 +33.0%
65 DSL 0.14% 39,816 $487K $12.24 +39,816 NEW
66 UPS 0.14% 4,732 $478K $100.94 +4,732 NEW
67 FSMB 0.14% 23,928 $476K $19.91 +23,928 NEW
68 CLOB 0.13% 8,789 $447K $50.82 +8,789 NEW
69 RVT 0.13% 29,323 $441K $15.05 $425K +28,185 +2476.7%
70 USA 0.12% 63,351 $431K $6.81 $246K +35,028 +123.7%
71 ETHV 0.12% 11,443 $422K $36.92 -$5M -206,957 -94.8%
72 BIGZ 0.12% 56,526 $415K $7.34 +56,526 NEW
73 UCON 0.11% 15,763 $392K $24.89 -$6M -257,339 -94.2%
74 CSQ 0.11% 20,704 $378K $18.24 +20,704 NEW
75 HQH 0.10% 23,692 $367K $15.49 +23,692 NEW
76 FMB 0.10% 7,252 $361K $49.82 +7,252 NEW
77 CMF 0.10% 6,090 $339K $55.74 +6,090 NEW
78 JMBS 0.10% 7,496 $338K $45.05 +7,496 NEW
79 WDI 0.09% 22,377 $332K $14.84 $207K +13,722 +158.5%
80 IWD 0.09% 1,691 $328K $194.23 -$53K -337 -16.6%
81 FCX 0.09% 7,382 $320K $43.35 +7,382 NEW
82 JMUB 0.08% 5,920 $294K $49.64 +5,920 NEW
83 AMD 0.08% 2,046 $290K $141.90 -$521K -5,852 -74.1%
84 PDO 0.08% 21,517 $290K $13.48 $129K +9,945 +85.9%
85 PG 0.08% 1,776 $283K $159.32 +1,776 NEW
86 PCN 0.08% 22,203 $282K $12.69 +22,203 NEW
87 JPIE 0.08% 5,969 $276K $46.32 +5,969 NEW
88 MYI 0.08% 26,335 $276K $10.49 +26,335 NEW
89 DLY 0.08% 17,451 $272K $15.59 +17,451 NEW
90 PTA 0.08% 13,360 $265K $19.80 $253K +12,788 +2235.7%
91 NYF 0.07% 4,916 $256K $52.14 -$692K -13,100 -72.7%
92 TIP 0.07% 2,298 $253K $110.04 +2,298 NEW
93 AMLP 0.07% 5,156 $252K $48.86 -$87K -1,364 -20.9%
94 TSM 0.07% 1,108 $251K $226.49 $234K +1,008 +1008.0%
95 MLPX 0.07% 3,979 $249K $62.66 +3,979 NEW
96 PNC 0.07% 1,322 $246K $186.42 +1,322 NEW
97 MEGI 0.07% 16,309 $232K $14.21 +16,309 NEW
98 BCX 0.07% 24,252 $229K $9.45 +24,252 NEW
99 CLOI 0.06% 4,084 $216K $52.95 +4,084 NEW
100 NAD 0.06% 18,385 $208K $11.29 -$116K -9,697 -34.5%

Options Breakdown

33 Calls $19M Call Value 33 Puts $21M Put Value 1.07 P/C Ratio

Top Calls

SymbolSharesValueStatus
GOOGL 13,600 $2M
META 2,200 $2M
PANW 7,500 $2M NEW
AMAT 8,000 $1M NEW
UBER 14,000 $1M NEW
XOM 11,000 $1M NEW
AMD 7,000 $993K
SNOW 3,700 $828K NEW
SLB 21,500 $727K NEW
CVNA 2,000 $674K NEW

Top Puts

SymbolSharesValueStatus
ETHU 65,000 $4M NEW
GOOGL 18,000 $3M
META 3,400 $3M
AMZN 9,500 $2M
AMD 11,500 $2M
TSM 5,000 $1M
PYPL 11,000 $818K NEW
CAT 1,900 $738K NEW
PANW 3,500 $716K
PLTR 3,000 $409K NEW

New Positions

SymbolValue% Port
NEE-PR $45M 12.80%
FBTC $37M 10.42%
CWB $7M 2.03%
JMST $4M 1.27%
FTHI $3M 0.82%
SCMB $3M 0.72%
CALI $2M 0.68%
CLOX $2M 0.66%
PYLD $2M 0.66%
SMMU $2M 0.65%
BSMR $2M 0.59%
FCAL $2M 0.45%
VTEB $1M 0.39%
BSMU $1M 0.29%
MMIN $932K 0.27%

Sold Out Positions

SymbolValue% Port
ABT —%
ALB —%
BGR —%
LYV —%
BGH —%
UBER —%
HPE —%
AEM —%
XOM —%
NEE —%
WH —%
FFC —%
PSF —%
FMC —%
BIT —%
View SEC EDGAR Filings for Elequin Capital, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms