BLKBRD Asset Management, LP

Q4 2025 13F-HR Holdings

Location
Old Greenwich, CT
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
22
Total value ($000)
$74,376
Net value change ($000)
-284,464 (-79.3%)
New positions
3
Sold out positions
8
Turnover %
110.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ORCL 4,419 NEW
NFLX 4,242 NEW
AAPL 4,035 NEW
MSFT 3,074 320.9%
LLY 2,984 221.4%
AMZN 2,102 125.9%
Top Reduces (Value $000, Stocks/ETFs)
MSTR -36,075 -96.9%
FXI -26,985 -100.0%
SMCI -20,640 -100.0%
HIMS -18,075 -100.0%
AVGO -17,803 -94.8%
TSLA -16,286 -80.7%
PLTR -16,231 -80.2%
NVDA -16,047 -77.5%
AMD -15,807 -77.7%
COIN -15,511 -82.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type