Elequin Capital, LP

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
409
Total value ($000)
$1,345,139
Net value change ($000)
-499,736 (-27.1%)
New positions
296
Sold out positions
30
Turnover %
40.8%
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)
BSOL 64,544 NEW
NVDA 54,725 175.4%
MSFT 43,215 55.6%
SPY 30,045 4594.0%
AMD 18,842 543.0%
GSOL 15,931 NEW
AAPL 13,593 NEW
FSOL 5,365 NEW
XOVR 5,035 NEW
DFNM 4,779 95580.0%
Top Reduces (Value $000, Stocks/ETFs)
TSLA -84,575 -41.4%
TSM -55,796 -98.7%
IBIT -52,671 -97.4%
COIN -50,197 -92.0%
GOOGL -48,620 -100.0%
FBTC -47,236 -98.7%
LLY -22,890 -100.0%
AMZN -20,270 -36.9%
BTC -18,287 -100.0%
BRRR -18,107 -99.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 579,558 (43.1% of total reported value)
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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Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type