Whetstone Capital Advisors, LLC

CIK

1607278

Location

SHAWNEE MISSION, KS

Portfolio Value

Small $313,847,089

Diversification

Diversified

Filing Date

Global Rank

#3,312 / 7,976 ▼ 188

Top Industry

Software - Infrastructure 37.2%

3Y Alpha vs SPY

+6.5%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+106.4%

SPY

+76.3%

Annualised alpha

+6.5%

Max drawdown

−34.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

52 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

21.3%

−1.7 pts

Top 5

60.1%

−2.4 pts

Top 10

78.3%

−3.0 pts

HHI

1,029

Diversified−115

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Technology	63.8%	$200,320,099	16
Healthcare	18.0%	$56,588,762	10
Consumer Cyclical	8.6%	$26,907,047	4
Financial Services	3.8%	$11,832,161	5
Industrials	3.0%	$9,361,609	4
Communication Services	2.1%	$6,548,817	3
Consumer Defensive	0.2%	$671,524	3
Energy	0.2%	$480,227	2
Basic Materials	0.1%	$445,179	2
Real Estate	0.1%	$444,737	2
Utilities	0.1%	$246,927	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
BLZE	Backblaze, Inc.	+265,913	1,460,792	$13,556,149
DSP	Viant Technology Inc.	+202,718	585,577	$5,053,529
LPRO	Open Lending Corp	+117,037	4,488,741	$9,471,243
KPLT	Katapult Holdings, Inc.	+70,583	221,828	$2,653,062
BODI	Beachbody Company, Inc.	+45,100	399,567	$2,365,436
KREF	KKR Real Estate Finance Trust Inc.	+3,813	24,209	$217,881
OUT	OUTFRONT Media Inc.	+816	12,383	$226,856
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
THRY	Thryv Holdings, Inc.	−1,036,993	16,475	$198,688
OPRA	Opera Ltd	−188,530	181,942	$3,755,282
NET	Cloudflare, Inc.	−4,500	311,185	$66,777,189
CG	Carlyle Group Inc.	−714	3,379	$211,863
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
PRG	PROG Holdings, Inc.	267,641	$8,660,862
RELY	Remitly Global, Inc.	520,090	$8,477,467
VERX	Vertex, Inc.	113,505	$2,813,788
LFMD	LifeMD, Inc.	370,784	$2,517,623
OS	OneStream, Inc.	112,307	$2,069,818
SEZL	Sezzle Inc.	21,676	$1,723,892
PRTH	Priority Technology Holdings, Inc.	157,566	$1,082,478
RPAY	Repay Holdings Corp	141,227	$738,617
NTSK	Netskope Inc	17,000	$386,410
NEE	Nextera Energy Inc	3,271	$246,927
GSK	GSK plc	5,696	$245,839
PSX	Phillips 66	1,797	$244,427
JNJ	Johnson & Johnson	1,316	$244,012
WSO	Watsco Inc	592	$239,345
MO	Altria Group, Inc.	3,592	$237,287
CNQ	Canadian Natural Resources Ltd	7,378	$235,800
MTN	Vail Resorts Inc	1,568	$234,525
QSR	Restaurant Brands International Inc.	3,647	$233,918
MDT	Medtronic plc	2,448	$233,147
MMM	3M Co	1,490	$231,218
SNY	Sanofi	4,891	$230,855
PM	Philip Morris International Inc.	1,422	$230,648
BAH	Booz Allen Hamilton Holding Corp	2,303	$230,184
CI	Cigna Group	790	$227,717
SMG	Scotts Miracle-Gro Co	3,961	$225,578
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
FRSH	Freshworks Inc.	492,234	$7,339,208
ZETA	Zeta Global Holdings Corp.	416,867	$6,457,269
ETOR	eToro Group Ltd.	34,562	$2,301,483
CBZ	CBIZ, Inc.	11,385	$816,418
LAW	CS Disco, Inc.	79,567	$347,707
UIS	Unisys Corp	72,404	$327,990
FERG	Ferguson Enterprises Inc. /DE/	1,017	$221,451
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

52 positions · $313,847,089 total · as of Sep 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 52 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NET	Cloudflare, Inc. Technology	Reduced	311,185	-4,500	$66,777,189	+8.0%	21.28%
DAVE	Dave Inc./DE Technology	Held	276,747	0	$55,169,514	−25.7%	17.58%
OPRX	OptimizeRx Corp Healthcare	Held	1,508,303	0	$30,920,211	+51.9%	9.85%
AMZN	Amazon Com Inc Consumer Cyclical	Held	93,240	0	$20,472,706	+0.1%	6.52%
MNDY	monday.com Ltd. Technology	Held	79,172	0	$15,334,824	−38.4%	4.89%
BLZE	Backblaze, Inc. Technology	Added	1,460,792	+265,913	$13,556,149	+106.3%	4.32%
TOST	Toast, Inc. Technology	Held	334,963	0	$12,229,499	−17.6%	3.90%
SERA	Sera Prognostics, Inc. Healthcare	Reduced	3,632,371	-3,632,371	$11,115,055	−44.8%	3.54%
HCAT	Health Catalyst, Inc. Healthcare	Reduced	3,731,350	-3,731,350	$10,634,347	−62.2%	3.39%
LPRO	Open Lending Corp Financial Services	Added	4,488,741	+117,037	$9,471,243	+11.7%	3.02%
GTLB	Gitlab Inc. Technology	Held	192,532	0	$8,679,342	−0.1%	2.77%
PRG	PROG Holdings, Inc. Industrials	NEW	267,641	NEW	$8,660,862	NEW	2.76%
RELY	Remitly Global, Inc. Technology	NEW	520,090	NEW	$8,477,467	NEW	2.70%
DKNG	DraftKings Inc. Consumer Cyclical	Held	159,516	0	$5,965,898	−12.8%	1.90%
ASAN	Asana, Inc. Technology	Held	381,716	0	$5,099,725	−1.0%	1.62%
DSP	Viant Technology Inc. Technology	Added	585,577	+202,718	$5,053,529	−0.2%	1.61%
OPRA	Opera Ltd Communication Services	Reduced	181,942	-188,530	$3,755,282	−46.4%	1.20%
VERX	Vertex, Inc. Technology	NEW	113,505	NEW	$2,813,788	NEW	0.90%
KPLT	Katapult Holdings, Inc. Technology	Added	221,828	+70,583	$2,653,062	+119.0%	0.85%
LFMD	LifeMD, Inc. Healthcare	NEW	370,784	NEW	$2,517,623	NEW	0.80%
BODI	Beachbody Company, Inc. Communication Services	Reduced	399,567	-309,367	$2,365,436	−19.0%	0.75%
OS	OneStream, Inc. Technology	NEW	112,307	NEW	$2,069,818	NEW	0.66%
SEZL	Sezzle Inc. Financial Services	NEW	21,676	NEW	$1,723,892	NEW	0.55%
PRTH	Priority Technology Holdings, Inc. Technology	NEW	157,566	NEW	$1,082,478	NEW	0.34%
RPAY	Repay Holdings Corp Technology	NEW	141,227	NEW	$738,617	NEW	0.24%
GOOGL	Alphabet Inc. Communication Services	Held	1,761	0	$428,099	+37.9%	0.14%
NTSK	Netskope Inc Technology	NEW	17,000	NEW	$386,410	NEW	0.12%
NEE	Nextera Energy Inc Utilities	NEW	3,271	NEW	$246,927	NEW	0.08%
GSK	GSK plc Healthcare	NEW	5,696	NEW	$245,839	NEW	0.08%
PSX	Phillips 66 Energy	NEW	1,797	NEW	$244,427	NEW	0.08%
JNJ	Johnson & Johnson Healthcare	NEW	1,316	NEW	$244,012	NEW	0.08%
WSO	Watsco Inc Industrials	NEW	592	NEW	$239,345	NEW	0.08%
MO	Altria Group, Inc. Consumer Defensive	NEW	3,592	NEW	$237,287	NEW	0.08%
CNQ	Canadian Natural Resources Ltd Energy	NEW	7,378	NEW	$235,800	NEW	0.08%
MTN	Vail Resorts Inc Consumer Cyclical	NEW	1,568	NEW	$234,525	NEW	0.07%
QSR	Restaurant Brands International Inc. Consumer Cyclical	NEW	3,647	NEW	$233,918	NEW	0.07%
MDT	Medtronic plc Healthcare	NEW	2,448	NEW	$233,147	NEW	0.07%
MMM	3M Co Industrials	NEW	1,490	NEW	$231,218	NEW	0.07%
SNY	Sanofi Healthcare	NEW	4,891	NEW	$230,855	NEW	0.07%
PM	Philip Morris International Inc. Consumer Defensive	NEW	1,422	NEW	$230,648	NEW	0.07%
BAH	Booz Allen Hamilton Holding Corp Industrials	NEW	2,303	NEW	$230,184	NEW	0.07%
CI	Cigna Group Healthcare	NEW	790	NEW	$227,717	NEW	0.07%
OUT	OUTFRONT Media Inc. Real Estate	Added	12,383	+816	$226,856	+20.2%	0.07%
SMG	Scotts Miracle-Gro Co Basic Materials	NEW	3,961	NEW	$225,578	NEW	0.07%
UNH	Unitedhealth Group Inc Healthcare	NEW	637	NEW	$219,956	NEW	0.07%
LYB	LyondellBasell Industries N.V. Basic Materials	NEW	4,478	NEW	$219,601	NEW	0.07%
KREF	KKR Real Estate Finance Trust Inc. Real Estate	Added	24,209	+3,813	$217,881	+21.8%	0.07%
APO	Apollo Global Management, Inc. Financial Services	NEW	1,607	NEW	$214,164	NEW	0.07%
CG	Carlyle Group Inc. Financial Services	Reduced	3,379	-714	$211,863	+0.7%	0.07%
BX	Blackstone Inc. Financial Services	NEW	1,235	NEW	$210,999	NEW	0.07%