1248 Management, LLC

Q3 2025 13F-HR Holdings

Location
Kansas City, MO
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
156
Total value ($000)
$177,280
Net value change ($000)
-93,510 (-34.5%)
New positions
7
Sold out positions
19
Turnover %
32.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/18/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
GRNY 5,483 NEW
ORCL 1,550 23.5%
TDY 1,022 NEW
BSX 766 2070.3%
CDNS 750 308.6%
TE CONNECTIVITY PLC 727 NEW
C 708 NEW
TSM 559 931.7%
BX 505 1402.8%
SAP 399 NEW
Top Reduces (Value $000, Stocks/ETFs)
SPY -10,554 -100.0%
XLI -10,532 -100.0%
AMZN -8,509 -45.4%
MSFT -6,685 -40.9%
AAPL -5,441 -54.6%
XLF -5,269 -100.0%
QQQ -5,238 -100.0%
TSLA -5,131 -86.1%
PSBD -4,994 -11.8%
SPSM -4,800 -100.0%
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