GRITSTONE ASSET MANAGEMENT LLC

Q4 2025 13F-HR Holdings

Location
Bethesda, MD
Holdings as of
12/31/2025
Date filed
1/23/2026
Form type
13F-HR
Num holdings
148
Total value ($000)
$104,803
Net value change ($000)
+7,565 (7.8%)
New positions
31
Sold out positions
14
Turnover %
42.5%
Sector allocation + QoQ delta (equities-only)

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)
NWAX 2,030 NEW
TLNC 1,517 NEW
LFAC 1,501 NEW
HVMC 1,270 NEW
ALUB 1,263 NEW
BLUEROCK ACQUISITION CORP 1,250 NEW
OTGA 1,250 NEW
LPCV 1,248 NEW
SVAQ 1,243 NEW
LATA 1,058 NEW
Top Reduces (Value $000, Stocks/ETFs)
CHURCHILL CAPITAL CORP IX -2,697 -57.6%
POLE -2,498 -100.0%
SBXD -2,197 -100.0%
MLAC -1,719 -100.0%
TLNC -1,507 -100.0%
HVMC -1,285 -100.0%
OTGA -1,259 -100.0%
LPAA -1,045 -61.1%
SVAC -1,028 -100.0%
TRAILBLAZER ACQUISITION CORP -1,023 -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