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Sandia Investment Management LP

Q4 2025 · Filed 2026-02-17
Market Value
$26.3B
+42.4%
Holdings
106
+10
New Purchases
36
Added To
17
Closed
11
Reduced
27
Top 10 Concentration
29.7%
Turnover
44.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RGR 3.29% 0.00% +3.29% $865M
MDLN 3.20% 0.00% +3.20% $840M
ALH 3.06% 0.00% +3.06% $804M
SVAQU 2.84% 0.00% +2.84% $746M
CEPV 1.95% 0.00% +1.95% $512M
VHCPU 1.91% 0.00% +1.91% $501M
HCACU 1.91% 0.00% +1.91% $501M
BLRKU 1.90% 0.00% +1.90% $500M
ITHAU 1.90% 0.00% +1.90% $499M
BIXIU 1.90% 0.00% +1.90% $498M
SBXE-UN 1.65% 0.00% +1.65% $434M
LGN 3.25% 1.67% +1.58% $854M
BLSH 1.44% 0.00% +1.44% $379M
NTSK 2.67% 1.23% +1.44% $702M
BTSG 1.43% 0.00% +1.43% $374M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
YCY 0.00% 2.85% -2.85% $0
VIA 1.88% 4.43% -2.55% $495M
WAY 0.82% 3.08% -2.27% $215M
SRG 0.00% 2.16% -2.16% $0
OTGA 0.97% 2.76% -1.79% $255M
RGS 3.48% 5.20% -1.72% $914M
SEG 0.00% 1.65% -1.65% $0
SAIL 0.76% 2.39% -1.64% $199M
PRTA 0.00% 1.58% -1.58% $0
KGS 1.42% 3.01% -1.58% $374M
ETOR 0.67% 2.24% -1.57% $176M
ATEX 1.66% 3.18% -1.52% $437M
SARO 1.64% 2.96% -1.32% $430M
OMDA 0.53% 1.80% -1.27% $140M
RVMD 0.00% 1.27% -1.26% $398K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 12 $1.8B 6.9%
Mid Cap 31 $8.4B 32.0%
Small Cap 28 $7.3B 27.6%
Micro Cap 35 $8.8B 33.4%

Portfolio Analytics

Avg Market Cap
$4.5B
Median Market Cap
$754M
Avg P/E
57.8
Median P/E
37.2
Avg Dividend Yield
0.03%
Avg Beta
0.70
# Stocks
106
# ETFs / Funds
0

Top Holdings (106 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RGS 3.48% 32,936 $914M $27,750.00 -$46M
2 RGR 3.29% 26,485 $865M $32,649.99 +26,485 NEW
3 LGN 3.25% 19,850 $854M $43,040.00 $546M +9,850 +98.5%
4 MDLN 3.20% 20,000 $840M $42,000.00 +20,000 NEW
5 ALH 3.06% 39,522 $804M $20,350.01 +39,522 NEW
6 WBI 3.05% 40,000 $800M $20,010.00 $170M +15,000 +60.0%
7 SVAQU 2.84% 75,000 $746M $9,945.00 +75,000 NEW
8 NTSK 2.67% 40,000 $702M $17,540.00 $474M +30,000 +300.0%
9 CAI 2.42% 23,600 $637M $26,980.00 $377M +15,000 +174.4%
10 GTEN 2.40% 61,632 $632M $10,250.00 $120M +11,506 +22.9%
11 APACU 2.29% 60,000 $602M $10,040.00 $4M
12 MIAX 2.20% 13,000 $577M $44,380.00 $311M +6,400 +97.0%
13 CEPV 1.95% 50,000 $512M $10,250.00 +50,000 NEW
14 MBVIU 1.93% 50,000 $506M $10,125.00 $250K
15 VHCPU 1.91% 50,000 $501M $10,021.00 +50,000 NEW
16 HCACU 1.91% 50,000 $501M $10,020.00 +50,000 NEW
17 BLRKU 1.90% 50,000 $500M $10,000.00 +50,000 NEW
18 ITHAU 1.90% 50,000 $499M $9,975.00 +50,000 NEW
19 BIXIU 1.90% 50,000 $498M $9,960.00 +50,000 NEW
20 VIA 1.88% 17,048 $495M $29,009.97 -$323M +48 +0.3%
21 HTFL 1.77% 15,917 $464M $29,150.03 $212M +8,417 +112.2%
22 BRCB 1.69% 20,000 $445M $22,250.00 $87M +5,000 +33.3%
23 ATEX 1.66% 20,000 $437M $21,830.00 -$150M -7,340 -26.9%
24 SBXE-UN 1.65% 43,150 $434M $10,060.00 +43,150 NEW
25 SARO 1.64% 15,000 $430M $28,680.00 -$116M -5,000 -25.0%
26 SNDA 1.57% 12,612 $411M $32,609.97 $62M
27 FIGR 1.55% 10,000 $408M $40,840.00 $99M +1,500 +17.6%
28 CTRI 1.44% 15,000 $379M $25,250.00 $95M +1,600 +11.9%
29 BLSH 1.44% 10,000 $379M $37,870.00 $379M +9,800 +4900.0%
30 BTSG 1.43% 10,000 $374M $37,450.00 +10,000 NEW
31 KGS 1.42% 10,000 $374M $37,400.00 -$181M -5,000 -33.3%
32 VACI-UN 1.34% 35,000 $352M $10,070.00 +35,000 NEW
33 ALDF 1.20% 30,000 $315M $10,490.00 -$77M -7,500 -20.0%
34 CHYM 1.20% 12,500 $315M $25,170.00 $12M -2,500 -16.7%
35 CRBG 1.15% 10,000 $302M $30,170.00 $141M +5,000 +100.0%
36 PACS 1.10% 7,500 $288M $38,390.00 $116M -5,000 -40.0%
37 JAKK 1.04% 16,236 $274M $16,880.02 $68M +5,225 +47.5%
38 FIG 1.00% 7,000 $262M $37,370.00 $262M +6,000 +600.0%
39 NHIC 0.99% 25,000 $259M $10,365.00 $5M
40 OTGA 0.97% 25,000 $255M $10,190.00 -$255M -25,581 -50.6%
41 SOCAU 0.97% 25,000 $255M $10,190.00 $2M
42 KBONU 0.96% 25,000 $252M $10,065.00 +25,000 NEW
43 MESHU 0.95% 25,000 $250M $10,000.00 +25,000 NEW
44 SLDE 0.87% 11,748 $229M $19,480.00 $8M -2,252 -16.1%
45 ASIC 0.82% 10,300 $216M $21,010.00 -$86M -5,000 -32.7%
46 IMNM 0.82% 10,000 $215M $21,480.00 +10,000 NEW
47 WAY 0.82% 6,550 $215M $32,750.08 -$354M -8,450 -56.3%
48 KVYO 0.81% 6,534 $212M $32,470.00 -$65M -3,466 -34.7%
49 OMCC 0.80% 40,491 $210M $5,179.99 $25M +4,649 +13.0%
50 BACCU 0.79% 19,741 $208M $10,519.98 $6M -259 -1.3%
51 TLNCU 0.78% 20,000 $206M $10,290.00 -$44M -4,900 -19.7%
52 AXINU 0.78% 20,000 $205M $10,240.00 $3M
53 CTGO 0.77% 7,630 $202M $26,409.96 +7,630 NEW
54 CRANU 0.77% 20,000 $201M $10,070.00 +20,000 NEW
55 SAIL 0.76% 9,837 $199M $20,230.05 -$243M -10,163 -50.8%
56 DLHC 0.75% 34,806 $197M $5,650.00 +34,806 NEW
57 LMRI 0.70% 10,000 $185M $18,500.00 +10,000 NEW
58 RAPP 0.69% 6,000 $182M $30,340.00 $4M
59 LAKE 0.69% 20,580 $182M $8,839.99 -$123M
60 CTRE 0.69% 5,000 $181M $36,160.00 $7M
61 ETOR 0.67% 5,000 $176M $35,130.00 -$237M -5,000 -50.0%
62 PXED 0.61% 5,302 $161M $30,300.08 +5,302 NEW
63 BDCIU 0.58% 15,000 $152M $10,140.00 -$50M -5,000 -25.0%
64 DYORU 0.57% 14,935 $150M $10,069.97 +14,935 NEW
65 DNMXU 0.57% 14,835 $149M $10,050.02 +14,835 NEW
66 OMDA 0.53% 8,843 $140M $15,780.05 -$192M -6,157 -41.0%
67 GROW 0.40% 43,793 $106M $2,410.00 +43,793 NEW
68 CAEP 0.40% 10,311 $105M $10,199.98 -$11M -939 -8.3%
69 CLAR 0.38% 30,000 $100M $3,350.00 -$141M -38,943 -56.5%
70 MDU 0.37% 5,000 $98M $19,520.00 +5,000 NEW
71 NLOP 0.33% 3,339 $86M $25,790.06 +3,339 NEW
72 TTAM 0.31% 5,000 $82M $16,480.00 $8M
73 FLY 0.27% 3,205 $72M $22,370.05 -$75M -1,795 -35.9%
74 VOYG 0.25% 2,500 $65M $26,140.00 -$98M -3,000 -54.5%
75 GEMI 0.17% 4,563 $45M $9,920.01 -$182M -4,937 -52.0%
76 WLTH 0.17% 3,269 $44M $13,590.09 +3,269 NEW
77 OGE 0.16% 1,000 $43M $42,700.00 +1,000 NEW
78 FCRS 0.16% 4,000 $41M $10,240.00 -$65M -6,000 -60.0%
79 COGT 0.14% 1,000 $36M $35,520.00 -$180M -14,000 -93.3%
80 BETA 0.10% 905 $26M $28,209.94 +905 NEW
81 COCHW 0.08% 514,702 $20M $38.90 -$2M -75,184 -12.8%
82 KMTS 0.07% 653 $17M $26,520.67 +653 NEW
83 ABPWW 0.02% 358,427 $6M $16.40 -$3M
84 NHICW 0.02% 12,500 $5M $420.08 $751K
85 BAERW 0.01% 17,690 $4M $199.38 $2M
86 RSVRW 0.01% 8,695 $2M $280.05 +8,695 NEW
87 ULS —% 6,535 $515K $78.86 +6,535 NEW
88 ITT —% 2,500 $434K $173.51 +2,500 NEW
89 RVMD —% 5,000 $398K $79.65 -$233M
90 CRCL —% 5,000 $396K $79.30 $198K +3,500 +233.3%
91 COHR —% 1,500 $277K $184.57 +1,500 NEW
92 KRMN —% 2,500 $183K $73.17 -$178K -2,500 -50.0%
93 LOAR —% 2,321 $158K $68.00 -$441K -5,169 -69.0%
94 GRVY —% 2,460 $142K $57.87 +2,460 NEW
95 VERA —% 2,500 $127K $50.64 +2,500 NEW
96 KSPI —% -$178K -2,175 -100.0% SOLD
97 SRG —% -$399M -93,887 -100.0% SOLD
98 YCY —% -$526M -50,000 -100.0% SOLD
99 ALDFW —% -$5M -10,000 -100.0% SOLD
100 SEG —% -$305M -13,311 -100.0% SOLD

New Positions

SymbolValue% Port
RGR $865M 3.29%
MDLN $840M 3.20%
ALH $804M 3.06%
SVAQU $746M 2.84%
CEPV $512M 1.95%
VHCPU $501M 1.91%
HCACU $501M 1.91%
BLRKU $500M 1.90%
ITHAU $499M 1.90%
BIXIU $498M 1.90%
SBXE-UN $434M 1.65%
BTSG $374M 1.43%
VACI-UN $352M 1.34%
KBONU $252M 0.96%
MESHU $250M 0.95%

Sold Out Positions

SymbolValue% Port
MH —%
SEG —%
SRG —%
KDP —%
KSPI —%
PRTA —%
NUVL —%
YCY —%
ALDFW —%
CHAC —%
CCCMU —%
View SEC EDGAR Filings for Sandia Investment Management LP →

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