Q4 2025 · 13F-HR
Teramo Advisors, LLCholdings as filed
Filed 2026-02-06 · accession 0001172661-26-000528
$388.3M
Reported value
11
Positions
2025-12-31
Period end
The Brief · Teramo Advisors, LLC · Q4 2025
AI · grounded in 13F
Teramo Advisors, LLC closed its position in RSP, reducing its exposure by $4.99M. The fund also exited positions in CNP, EFX, and BSX. To offset these sells, the fund increased its holdings in IVV by 39.87% and established a new position in CRM worth $208,219.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $187.5M | 48.3% | 275,000 | Common | SOLE |
| 464287200 | IVV | ISHARES TR | $144.2M | 37.1% | 210,500 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $52.6M | 13.5% | 150,000 | PUT | SOLE |
| 26922A453 | OPER | ETF SER SOLUTIONS | $2.0M | 0.52% | 20,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $694,860 | 0.18% | 2,220 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $262,889 | 0.07% | 967 | Common | NONE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $218,144 | 0.06% | 1,360 | Common | NONE |
| 78409V104 | SPGI | S&P GLOBAL INC | $216,352 | 0.06% | 414 | Common | NONE |
| 337932107 | FE | FIRSTENERGY CORP | $214,896 | 0.06% | 4,800 | Common | NONE |
| 79466L302 | CRM | SALESFORCE INC | $208,219 | 0.05% | 786 | Common | NONE |
| 92826C839 | V | VISA INC | $207,270 | 0.05% | 591 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.