Q4 2025 Holdings
Filed 2026-02-13 | 73 holdings | $432.5M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Invesco Exchange Traded FD T(RSP)Put | S&P500 EQL WGT | 46137V357 | $211.6M | 1,104,500 | 48.9% |
| Spdr Series Trust(KRE)Put | STATE STREET SPD | 78464A698 | $17.8M | 275,000 | 4.1% |
| Beacon Financial Corp.(BBT) | COM | 084680107 | $14.4M | 544,828 | 3.3% |
| Banc of California Inc(BANC) | COM | 05990K106 | $14.0M | 725,000 | 3.2% |
| JPMorgan Chase & Co.(JPM)Put | COM | 46625H100 | $7.2M | 22,500 | 1.7% |
| US Bancorp del(USB)Put | COM NEW | 902973304 | $6.9M | 130,000 | 1.6% |
| Ares Capital Corp(ARCC)Put | COM | 04010L103 | $6.1M | 300,000 | 1.4% |
| Vaneck ETF Trust(BIZD)Put | BDC INCOME ETF | 92189F411 | $5.7M | 400,000 | 1.3% |
| Ares Capital Corp(ARCC) | COM | 04010L103 | $5.5M | 270,032 | 1.3% |
| Rithm Capital Corp(RITM)Put | COM NEW | 64828T201 | $4.9M | 450,000 | 1.1% |
| Rithm Capital Corp(RITM) | COM NEW | 64828T201 | $4.6M | 425,977 | 1.1% |
| JPMorgan Chase & Co.(JPM) | COM | 46625H100 | $4.0M | 12,500 | 0.9% |
| Chubb Limited(CB)Put | COM | H1467J104 | $3.9M | 12,500 | 0.9% |
| Vaneck ETF Trust(BIZD) | BDC INCOME ETF | 92189F411 | $3.9M | 274,000 | 0.9% |
| Citigroup Inc(C)Put | COM NEW | 172967424 | $3.5M | 30,000 | 0.8% |
| Regions Financial Corp New(RF)Put | COM | 7591EP100 | $3.4M | 125,000 | 0.8% |
| Hartford Insurance Group Inc(HIG)Put | COM | 416515104 | $3.3M | 24,000 | 0.8% |
| Bank America Corp(BAC)Put | COM | 060505104 | $3.3M | 60,000 | 0.8% |
| Blackstone Secd Lending FD(BXSL)Put | COMMON STOCK | 09261X102 | $3.3M | 125,000 | 0.8% |
| Select Sector Spdr TR(XLF)Put | STATE STREET FIN | 81369Y605 | $3.3M | 60,000 | 0.8% |
| Intercontinental Exchange in(ICE)Put | COM | 45866F104 | $3.2M | 20,000 | 0.7% |
| Old Natl Bancorp IND(ONB) | COM | 680033107 | $3.2M | 145,000 | 0.7% |
| Travelers Companies Inc(TRV)Put | COM | 89417E109 | $3.2M | 11,000 | 0.7% |
| Brown & Brown Inc(BRO)Put | COM | 115236101 | $3.2M | 40,000 | 0.7% |
| S&P Global Inc(SPGI)Put | COM | 78409V104 | $3.1M | 6,000 | 0.7% |
| PNC Finl Svcs Group Inc(PNC)Put | COM | 693475105 | $3.1M | 15,000 | 0.7% |
| Visa Inc(V)Put | COM CL A | 92826C839 | $3.0M | 8,500 | 0.7% |
| Apollo Global Mgmt Inc(APO)Put | COM | 03769M106 | $2.9M | 20,000 | 0.7% |
| Blackstone Secd Lending FD(BXSL) | COMMON STOCK | 09261X102 | $2.8M | 107,000 | 0.7% |
| Raymond James Finl Inc(RJF)Put | COM | 754730109 | $2.8M | 17,500 | 0.6% |
| Globe Life Inc(GL)Put | COM | 37959E102 | $2.8M | 20,000 | 0.6% |
| Wesbanco Inc(WSBC) | COM | 950810101 | $2.7M | 80,300 | 0.6% |
| US Bancorp del(USB) | COM NEW | 902973304 | $2.7M | 50,000 | 0.6% |
| Apollo Global Mgmt Inc(APO) | COM | 03769M106 | $2.6M | 18,000 | 0.6% |
| Southside Bancshares Inc(SBSI) | COM | 84470P109 | $2.6M | 85,457 | 0.6% |
| F N B Corp(FNB) | COM | 302520101 | $2.5M | 143,997 | 0.6% |
| Truist Finl Corp(TFC)Put | COM | 89832Q109 | $2.5M | 50,000 | 0.6% |
| MFA Finl Inc(MFA) | COM | 55272X607 | $2.4M | 252,500 | 0.5% |
| MFA Finl Inc(MFA)Put | COM | 55272X607 | $2.3M | 250,000 | 0.5% |
| Brown & Brown Inc(BRO) | COM | 115236101 | $2.2M | 28,109 | 0.5% |
| Regions Financial Corp New(RF) | COM | 7591EP100 | $2.2M | 80,000 | 0.5% |
| Flagstar Bank National Assoc(FLG) | COM NEW | 649445400 | $2.1M | 166,666 | 0.5% |
| Ishares TR(ITB)Put | US HOME CONS ETF | 464288752 | $1.9M | 20,000 | 0.4% |
| Select Sector Spdr TR(XLF) | STATE STREET FIN | 81369Y605 | $1.9M | 34,200 | 0.4% |
| Chubb Limited(CB) | COM | H1467J104 | $1.9M | 6,000 | 0.4% |
| Townebank Portsmouth VA(TOWN) | COM | 89214P109 | $1.8M | 55,000 | 0.4% |
| Walker & Dunlop Inc(WD)Put | COM | 93148P102 | $1.8M | 30,000 | 0.4% |
| Ishares TR(ITB) | US HOME CONS ETF | 464288752 | $1.8M | 18,600 | 0.4% |
| First Busey Corp(BUSE) | COM NEW | 319383204 | $1.7M | 71,920 | 0.4% |
| S&P Global Inc(SPGI) | COM | 78409V104 | $1.7M | 3,200 | 0.4% |