Pingora Partners LLC

Q4 2025 13F-HR Holdings

Location
Wilson, WY
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
204
Total value ($000)
$163,537
Net value change ($000)
+12,949 (8.6%)
New positions
9
Sold out positions
8
Turnover %
0.4%
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)
FTAI 9,011 17.6%
BA 1,104 52.9%
GIS 978 2445.0%
KRP 792 219.4%
PTEN 768 724.5%
FIP 677 9.0%
BMY 653 55.3%
LLY 530 40.9%
MU 492 69.3%
FCX 417 25.2%
Top Reduces (Value $000, Stocks/ETFs)
BABA -1,122 -18.1%
CRGY -1,088 -10.1%
NFE -903 -51.8%
T -481 -13.1%
DINO -401 -13.1%
META -278 -10.1%
KHC -269 -18.6%
METC -253 -62.0%
DIS -216 -15.8%
PYPL -207 -53.1%
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