Totem Point Management, LLC

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
14
Total value ($000)
$100,231
Net value change ($000)
-11,915 (-10.6%)
New positions
4
Sold out positions
5
Turnover %
46.7%
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)
HPE 9,764 NEW
ON 6,682 NEW
SPGI 5,780 96.0%
BILL 4,686 124.2%
MCO 2,019 NEW
SPOT 1,642 16.2%
FWONA 570 NEW
BKNG 155 3.8%
MU 48 0.5%
Top Reduces (Value $000, Stocks/ETFs)
RBLX -8,556 -100.0%
SE -7,860 -100.0%
AVGO -6,389 -81.7%
MMYT -4,398 -100.0%
SNDK -4,245 -100.0%
NVDA -3,942 -27.6%
APP -3,591 -68.4%
AMD -2,754 -100.0%
TTWO -1,009 -9.1%
TSM -518 -4.3%
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