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Elequin Capital, LP

Q3 2025 · Filed 2025-11-14
Market Value
$865M
+146.0%
Holdings
337
-109
New Purchases
40
Added To
26
Closed
228
Reduced
27
Top 10 Concentration
75.6%
Turnover
79.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TSLA 23.60% 2.15% +21.45% $204M
MSFT 8.98% 0.00% +8.98% $78M
TSM 6.53% 0.07% +6.46% $57M
AMZN 6.34% 0.00% +6.34% $55M
COIN 6.31% 0.40% +5.90% $55M
GOOGL 5.62% 0.19% +5.43% $49M
NVDA 3.60% 0.34% +3.27% $31M
LLY 2.64% 0.00% +2.64% $23M
BITB 2.83% 0.62% +2.21% $24M
AVGO 1.91% 0.00% +1.91% $16M
BRRR 2.10% 0.66% +1.44% $18M
PZA 1.07% 0.00% +1.07% $9M
VTEB 1.05% 0.39% +0.66% $9M
JMUB 0.71% 0.08% +0.63% $6M
SUB 0.50% 0.00% +0.50% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBIT 6.25% 21.85% -15.60% $54M
NEE-PR 0.00% 12.80% -12.80% $0
FETH 0.00% 5.68% -5.68% $0
FBTC 5.53% 10.42% -4.89% $48M
ETHA 0.05% 3.86% -3.81% $473K
ETH 0.00% 3.64% -3.64% $3K
ETHW 0.00% 2.37% -2.37% $0
ARKB 1.59% 2.86% -1.27% $14M
CWB 0.94% 2.03% -1.09% $8M
FTHI 0.00% 0.82% -0.82% $0
PLTR 0.35% 1.07% -0.72% $3M
INCM 0.01% 0.72% -0.71% $57K
MUB 0.00% 0.70% -0.70% $0
CLOX 0.00% 0.66% -0.66% $0
PYLD 0.00% 0.66% -0.66% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 25 $521M 60.2%
Large Cap 57 $189M 21.8%
Mid Cap 72 $104M 12.0%
Small Cap 130 $43M 5.0%
Micro Cap 53 $9M 1.0%

Portfolio Analytics

Avg Market Cap
$111.7B
Median Market Cap
$1.6B
Avg P/E
30.7
Median P/E
17.8
Avg Dividend Yield
0.05%
Avg Beta
0.91
# Stocks
112
# ETFs / Funds
225

Top Holdings (337 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TSLA 23.60% 459,277 $204M $444.72 $197M +435,417 +1824.9%
2 MSFT 8.98% 150,000 $78M $517.95 +150,000 NEW
3 TSM 6.53% 202,500 $57M $279.29 $56M +201,392 +18176.2%
4 AMZN 6.34% 250,000 $55M $219.57 +250,000 NEW
5 COIN 6.31% 161,725 $55M $337.49 $53M +157,678 +3896.2%
6 IBIT 6.25% 831,683 $54M $65.00 -$23M -423,999 -33.8%
7 GOOGL 5.62% 200,000 $49M $243.10 $48M +196,158 +5105.6%
8 FBTC 5.53% 479,372 $48M $99.81 $11M +89,362 +22.9%
9 NVDA 3.60% 167,177 $31M $186.58 $30M +159,642 +2118.7%
10 BITB 2.83% 393,733 $24M $62.22 $22M +356,688 +962.9%
11 LLY 2.64% 30,000 $23M $763.00 +30,000 NEW
12 BTC 2.11% 361,194 $18M $50.63 $12M +225,270 +165.7%
13 BRRR 2.10% 562,013 $18M $32.33 $16M +485,475 +634.3%
14 AVGO 1.91% 50,000 $16M $329.91 +50,000 NEW
15 ARKB 1.59% 361,524 $14M $38.02 $4M +80,694 +28.7%
16 JMST 1.46% 247,201 $13M $51.04 $8M +159,197 +180.9%
17 MSTR 1.15% 30,794 $10M $322.21 $5M +17,683 +134.9%
18 PZA 1.07% 400,000 $9M $23.09 +400,000 NEW
19 VTEB 1.05% 181,145 $9M $50.07 $8M +153,337 +551.4%
20 CWB 0.94% 89,729 $8M $90.50 $970K +3,228 +3.7%
21 SMCI 0.88% 158,074 $8M $47.94 $3M +57,279 +56.8%
22 JMUB 0.71% 121,690 $6M $50.47 $6M +115,770 +1955.6%
23 SUB 0.50% 40,790 $4M $106.78 +40,790 NEW
24 ICVT 0.48% 41,194 $4M $100.05 +41,194 NEW
25 JSI 0.43% 70,826 $4M $52.27 +70,826 NEW
26 AMD 0.40% 21,450 $3M $161.79 $3M +19,404 +948.4%
27 PLTR 0.35% 16,369 $3M $182.42 -$774K -11,210 -40.6%
28 BSMS 0.27% 100,000 $2M $23.42 $2M +99,680 +31150.0%
29 MUNI 0.26% 43,725 $2M $52.28 +43,725 NEW
30 VTES 0.22% 18,697 $2M $101.93 -$289K -3,046 -14.0%
31 BSMW 0.21% 71,907 $2M $24.97 +71,907 NEW
32 NYF 0.18% 28,595 $2M $53.35 $1M +23,679 +481.7%
33 SCMB 0.17% 59,020 $2M $25.61 -$1M -40,980 -41.0%
34 CALI 0.17% 29,550 $1M $50.67 -$903K -18,020 -37.9%
35 MMIT 0.17% 61,038 $1M $24.30 $824K +33,397 +120.8%
36 BSMY 0.17% 60,193 $1M $24.33 -$1M -53,167 -46.9%
37 FMHI 0.17% 30,767 $1M $47.51 $1M +27,267 +779.1%
38 GDE 0.16% 23,982 $1M $57.41 +23,982 NEW
39 SHYD 0.16% 58,807 $1M $22.90 $627K +26,935 +84.5%
40 ITM 0.13% 24,193 $1M $46.60 +24,193 NEW
41 FLMI 0.12% 43,243 $1M $24.77 +43,243 NEW
42 FSMB 0.12% 52,583 $1M $20.08 $580K +28,655 +119.8%
43 JMSI 0.11% 19,538 $981K $50.22 +19,538 NEW
44 CGSM 0.11% 36,627 $965K $26.36 +36,627 NEW
45 BSMT 0.11% 40,513 $936K $23.10 +40,513 NEW
46 GTLS-PB 0.10% 11,800 $840K $71.22 +11,800 NEW
47 INMU 0.09% 33,715 $807K $23.94 +33,715 NEW
48 IWD 0.09% 3,805 $775K $203.59 $446K +2,114 +125.0%
49 CONY 0.09% 110,509 $760K $6.88 +110,509 NEW
50 IBMR 0.09% 29,607 $756K $25.53 +29,607 NEW
51 META 0.08% 994 $730K $734.38 $531K +724 +268.1%
52 JMHI 0.08% 14,369 $725K $50.49 +14,369 NEW
53 SPY 0.08% 981 $654K $666.18 -$132K -291 -22.9%
54 MLN 0.08% 37,220 $651K $17.48 +37,220 NEW
55 MMIN 0.07% 25,106 $598K $23.81 -$335K -14,894 -37.2%
56 BSSX 0.06% 19,096 $488K $25.54 +19,096 NEW
57 ETHA 0.05% 15,018 $473K $31.51 -$13M -697,479 -97.9%
58 JBBB 0.05% 9,434 $454K $48.17 +9,434 NEW
59 ARKK 0.05% 5,184 $447K $86.30 +5,184 NEW
60 MINO 0.05% 9,657 $438K $45.31 -$115K -2,826 -22.6%
61 FCVT 0.04% 8,678 $371K $42.77 -$873K -23,381 -72.9%
62 SMMU 0.04% 7,222 $365K $50.57 -$2M -38,222 -84.1%
63 CLOB 0.04% 7,136 $364K $50.99 -$83K -1,653 -18.8%
64 FTQI 0.03% 14,193 $292K $20.60 +14,193 NEW
65 HYGH 0.03% 3,346 $291K $86.84 -$632K -7,321 -68.6%
66 APO-PA 0.03% 3,900 $275K $70.50 +3,900 NEW
67 BSMV 0.03% 12,752 $268K $21.01 +12,752 NEW
68 QQQ 0.03% 397 $238K $600.37 -$2M -3,391 -89.5%
69 EIS 0.03% 2,330 $234K $100.30 +2,330 NEW
70 CLOI 0.03% 4,084 $217K $53.10 $612
71 PWZ 0.02% 8,819 $211K $23.92 +8,819 NEW
72 CGMU 0.02% 6,908 $189K $27.29 -$1M -42,126 -85.9%
73 FEMB 0.02% 6,086 $179K $29.34 $3K -10 -0.2%
74 PLTY 0.01% 1,962 $128K $65.27 +1,962 NEW
75 HEFA 0.01% 2,991 $118K $39.61 -$902K -23,900 -88.9%
76 HYMB 0.01% 4,715 $118K $24.93 $115K +4,622 +4969.9%
77 ASML 0.01% 100 $97K $968.09 +100 NEW
78 CVRT 0.01% 2,657 $96K $36.32 -$501K -15,973 -85.7%
79 PICK 0.01% 2,074 $92K $44.50 +2,074 NEW
80 POWR 0.01% 3,342 $84K $25.08 +3,342 NEW
81 SHYM 0.01% 2,718 $61K $22.34 -$2M -73,934 -96.5%
82 INCM 0.01% 2,061 $57K $27.74 -$2M -91,034 -97.8%
83 CHAU 0.01% 2,667 $55K $20.69 $16K
84 BCLO 0.01% 863 $43K $50.19 $272
85 EMLC —% 1,202 $31K $25.51 $192
86 FLOT —% 541 $28K $51.09 $35
87 TFI —% 572 $26K $45.57 -$154K -3,448 -85.8%
88 JEPQ —% 318 $18K $57.52 +318 NEW
89 PULS —% 300 $15K $49.83 +300 NEW
90 JPIE —% 304 $14K $46.41 -$262K -5,665 -94.9%
91 HODL —% 384 $12K $32.37 $730
92 FPEI —% 622 $12K $19.34 $217
93 CLOA —% 201 $10K $51.97 $9
94 IWM —% 30 $7K $241.97 $785
95 ICLO —% 218 $6K $25.61 $11
96 DFNM —% 100 $5K $47.98 +100 NEW
97 BINC —% 81 $4K $53.23 -$68K -1,284 -94.1%
98 LONZ —% 80 $4K $51.08 $7
99 BAERW —% 47,317 $4K $0.08 -$24
100 FTSL —% 79 $4K $45.84 -$4

Options Breakdown

30 Calls $63M Call Value 34 Puts $610M Put Value 9.63 P/C Ratio

Top Calls

SymbolSharesValueStatus
GOOGL 200,000 $49M
IBIT 180,000 $12M NEW
META 1,500 $1M
ETHA 30,000 $945K NEW
XOM 3,000 $338K
AMD 2,000 $324K
MSFT 600 $311K
CVS $0 SOLD
DIS $0 SOLD
CVNA $0 SOLD

Top Puts

SymbolSharesValueStatus
TSLA 450,000 $200M NEW
GOOGL 400,000 $97M
MSFT 150,000 $78M
TSM 202,500 $57M
AMZN 250,000 $55M
COIN 150,000 $51M NEW
NVDA 150,000 $28M NEW
LLY 30,000 $23M NEW
AVGO 50,000 $16M NEW
ETHA 60,000 $2M NEW

New Positions

SymbolValue% Port
MSFT $78M 8.98%
AMZN $55M 6.34%
LLY $23M 2.64%
AVGO $16M 1.91%
PZA $9M 1.07%
SUB $4M 0.50%
ICVT $4M 0.48%
JSI $4M 0.43%
MUNI $2M 0.26%
BSMW $2M 0.21%
GDE $1M 0.16%
ITM $1M 0.13%
FLMI $1M 0.12%
JMSI $981K 0.11%
CGSM $965K 0.11%

Sold Out Positions

SymbolValue% Port
BKD —%
WT —%
AFB —%
WDI —%
CVX —%
EOI —%
CMG —%
INN —%
NRK —%
HPI —%
HIX —%
THQ —%
DFP —%
JGH —%
IIM —%
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