Sandia Investment Management LP

Q4 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
128
Total value ($000)
$40,101
Net value change ($000)
+6,545 (19.5%)
New positions
43
Sold out positions
19
Turnover %
51.7%
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)
HYAC 1,715 75.6%
RGR 865 NEW
MDLN 840 NEW
ALH 804 NEW
SVAQ 746 NEW
LGN 546 177.3%
ULS 515 NEW
CEPV 513 NEW
AIIA 509 NEW
VHCP 501 NEW
Top Reduces (Value $000, Stocks/ETFs)
FACT -1,031 -79.9%
BULL -954 -100.0%
BACQ -910 -100.0%
BEAG -636 -33.8%
AA Mission Acquisition Corp. -526 -100.0%
FTW -519 -100.0%
LOKV -505 -49.5%
NUVL -476 -100.0%
LOAR -441 -73.6%
SRG -399 -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