Sandia Investment Management LP

CIK

1880562

Location

BOSTON, MA

Portfolio Value

Micro $32,120,349

Diversification

Diversified

Filing Date

Global Rank

#8,621 / 8,818 ▼ 687 · as of Dec 2025

Top Industry

Shell Companies 32.9%

Period ended 8 months ago

Filed Feb 17, 2026 · 7mo

17 quarters · since Dec 2021

Portfolio Concentration

109 tracked positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

3.9%

−3.0 pts

Top 5

14.7%

−7.5 pts

Top 10

26.2%

−7.8 pts

HHI

155

Diversified−63

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Financial Services	43.7%	$14,033,755	44
Healthcare	14.1%	$4,527,991	18
Industrials	12.5%	$4,017,985	13
Technology	9.0%	$2,883,517	9
Consumer Cyclical	8.5%	$2,719,736	6
Energy	3.7%	$1,174,400	3
Communication Services	2.5%	$788,703	4
Unclassified	1.6%	$519,375	2
Utilities	1.6%	$519,050	3
Consumer Defensive	1.2%	$385,017	3
Basic Materials	0.9%	$283,908	2
Real Estate	0.8%	$266,912	2

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
—		+149,987	349,987	$0
NTSK	Netskope Inc	+30,000	40,000	$701,600
WBI	WaterBridge Infrastructure LLC	+15,000	40,000	$800,400
CAI	Caris Life Sciences, Inc.	+15,000	23,600	$636,728
GTEN	Gores Holdings X, Inc. / CI	+11,506	61,632	$631,728
LGN	Legence Corp.	+9,850	19,850	$854,344
BLSH	Bullish	+9,800	10,000	$378,700
HTFL	Heartflow, Inc.	+8,417	15,917	$463,980
MIAX	Miami International Holdings, Inc.	+6,400	13,000	$576,940
FIG	Figma, Inc.	+6,000	7,000	$261,590
JAKK	Jakks Pacific Inc	+5,225	16,236	$274,063
CRBG	Corebridge Financial, Inc.	+5,000	10,000	$301,700
BRCB	Black Rock Coffee Bar, Inc.	+5,000	20,000	$445,000
OMCC	OLD MARKET CAPITAL Corp	+4,649	40,491	$209,743
CRCL	Circle Internet Group, Inc.	+3,500	5,000	$396,500
CTRI	Centuri Holdings, Inc.	+1,600	15,000	$378,750
FIGR	Figure Technology Solutions, Inc.	+1,500	10,000	$408,400
KLAR	Klarna Group plc	+1,404	12,404	$358,599
VIA	Via Transportation, Inc.	+48	17,048	$494,562
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FACT	FACT II Acquisition Corp.	−137,650	50,000	$260,250
COCH	Envoy Medical, Inc.	−75,184	514,702	$0
BEAG	Bold Eagle Acquisition Corp.	−64,908	265,962	$1,244,863
TMS	Teamshares Inc	−50,000	50,000	$515,000
CLAR	Clarus Corp	−38,943	30,000	$100,500
POLE	Andretti Acquisition Corp. II	−30,030	14,970	$0
OTGA	OTG Acquisition Corp. I	−25,581	25,000	$254,750
MACI	Melar Acquisition Corp. I/Cayman	−23,711	25,000	$0
ALDF	Aldel Financial II Inc.	−17,500	30,000	$314,700
SFD	Smithfield Foods Inc	−15,000	10,000	$223,300
COGT	Cogent Biosciences, Inc.	−14,000	1,000	$35,520
SAIL	SailPoint, Inc.	−10,163	9,837	$199,002
WAY	Waystar Holding Corp.	−8,450	6,550	$214,512
ATEX	Anterix Inc.	−7,340	20,000	$436,600
OMDA	Omada Health, Inc.	−6,157	8,843	$139,542
LOAR	Loar Holdings Inc.	−5,169	2,321	$157,828
ETOR	eToro Group Ltd.	−5,000	5,000	$175,650
PACS	PACS Group, Inc.	−5,000	7,500	$287,925
KGS	Kodiak Gas Services, Inc.	−5,000	10,000	$374,000
SARO	StandardAero, Inc.	−5,000	15,000	$430,200
BDCI	BTC Development Corp.	−5,000	15,000	$152,100
ASIC	Ategrity Specialty Insurance Co Holdings	−5,000	10,300	$216,403
GEMI	Gemini Space Station, Inc.	−4,937	4,563	$45,264
TLNC	Talon Capital Corp.	−4,900	20,000	$0
KVYO	Klaviyo, Inc.	−3,466	6,534	$212,158
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
RGR	Sturm Ruger & Co Inc	26,485	$864,735
MDLN	Medline Inc.	20,000	$840,000
ALH	Alliance Laundry Holdings Inc.	39,522	$804,272
SVAQ	Silicon Valley Acquisition Corp.	75,000	$745,875
ULS	UL Solutions Inc.	6,535	$515,350
CEPV	Cantor Equity Partners V, Inc.	50,000	$512,500
VHCP	Vine Hill Capital Investment Corp. II	50,000	$501,050
HCAC	Hall Chadwick Acquisition Corp	50,000	$501,000
BLRK	Bluerock Acquisition Corp.	50,000	$500,000
ITHA	ITHAX Acquisition Corp III	50,000	$498,750
BIXI	Bitcoin Infrastructure Acquisition Corp Ltd	50,000	$498,000
IGAC	Invest Green Acquisition Corp	47,000	$471,410
ITT	Itt Inc.	2,500	$433,775
BTSG	BrightSpring Health Services, Inc.	10,000	$374,500
NP	Neptune Insurance Holdings Inc.	10,500	$306,180
COHR	Coherent Corp.	1,500	$276,855
KBON	Karbon Capital Partners Corp.	25,000	$251,625
TDWD	Tailwind 2.0 Acquisition Corp.	25,000	$251,500
MESH	Meshflow Acquisition Corp	25,000	$250,000
AERO	Grupo Aeromexico, S.A.B. de C.V.	10,000	$219,600
IMNM	Immunome Inc.	10,000	$214,800
CTGO	Contango Silver & Gold Inc.	7,630	$201,508
CRAN	Crane Harbor Acquisition Corp. II	20,000	$201,400
DLHC	DLH Holdings Corp.	34,806	$196,653
LMRI	Lumexa Imaging Holdings, Inc.	10,000	$185,000
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
BULL	Webull Corp	64,497	$953,910
FTW	PRESIDIO PRODUCTION Co	50,000	$519,000
SRG-PA	Seritage Growth Properties	93,887	$399,020
NIQ	NIQ Global Intelligence plc	22,500	$353,250
SEG	Seaport Entertainment Group Inc.	13,311	$305,088
PRTA	Prothena Corp Public Ltd Co	29,950	$292,312
MH	McGraw Hill, Inc.	15,000	$188,250
KSPI	Joint Stock Co Kaspi.kz	2,175	$177,654
DMAA	Drugs Made In America Acquisition Corp.	15,721	$161,454
VLOS	Velos Acquisition I Corp.	27,191	$158,250
VG	Venture Global, Inc.	10,000	$141,900
KDP	Keurig Dr Pepper Inc.	2,500	$63,775
MRLN	Merlin, Inc.	87,500	$0
—		50,000	$0
—		5,500	$0
CHACR	Crane Harbor Acquisition Corp.	11,921	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

109 tracked positions · $32,120,349 total · filing declares 128 positions · $40,101,320 · as of Dec 31, 2025

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

Showing 1–50 of 109 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BEAG	Bold Eagle Acquisition Corp. Financial Services	Reduced	265,962	-64,908	$1,244,863	−33.8%	3.88%
RGS	Regis Corp Consumer Cyclical	Held	32,936	0	$913,974	−4.8%	2.85%
RGR	Sturm Ruger & Co Inc Industrials	NEW	26,485	NEW	$864,735	NEW	2.69%
LGN	Legence Corp. Industrials	Added	19,850	+9,850	$854,344	+177.3%	2.66%
MDLN	Medline Inc. Healthcare	NEW	20,000	NEW	$840,000	NEW	2.62%
ALH	Alliance Laundry Holdings Inc. Consumer Cyclical	NEW	39,522	NEW	$804,272	NEW	2.50%
WBI	WaterBridge Infrastructure LLC Energy	Added	40,000	+15,000	$800,400	+26.9%	2.49%
SVAQ	Silicon Valley Acquisition Corp. Financial Services	NEW	75,000	NEW	$745,875	NEW	2.32%
NTSK	Netskope Inc Technology	Added	40,000	+30,000	$701,600	+208.7%	2.18%
CAI	Caris Life Sciences, Inc. Healthcare	Added	23,600	+15,000	$636,728	+144.8%	1.98%
GTEN	Gores Holdings X, Inc. / CI Financial Services	Added	61,632	+11,506	$631,728	+23.4%	1.97%
APAC	StoneBridge Acquisition II Corp Financial Services	Held	60,000	0	$602,400	+0.7%	1.88%
MIAX	Miami International Holdings, Inc. Financial Services	Added	13,000	+6,400	$576,940	+117.1%	1.80%
DRDB	Roman DBDR Acquisition Corp. II Financial Services	Reduced	50,038	-62	$521,896	+1.0%	1.62%
ULS	UL Solutions Inc. Industrials	NEW	6,535	NEW	$515,350	NEW	1.60%
TMS	Teamshares Inc Financial Services	Reduced	50,000	-50,000	$515,000	−49.5%	1.60%
CEPV	Cantor Equity Partners V, Inc. Financial Services	NEW	50,000	NEW	$512,500	NEW	1.60%
MBVI	M3-Brigade Acquisition VI Corp. Financial Services	Held	50,000	0	$506,250	+0.0%	1.58%
VHCP	Vine Hill Capital Investment Corp. II Financial Services	NEW	50,000	NEW	$501,050	NEW	1.56%
HCAC	Hall Chadwick Acquisition Corp Financial Services	NEW	50,000	NEW	$501,000	NEW	1.56%
BLRK	Bluerock Acquisition Corp. Financial Services	NEW	50,000	NEW	$500,000	NEW	1.56%
ITHA	ITHAX Acquisition Corp III Financial Services	NEW	50,000	NEW	$498,750	NEW	1.55%
BIXI	Bitcoin Infrastructure Acquisition Corp Ltd Financial Services	NEW	50,000	NEW	$498,000	NEW	1.55%
VIA	Via Transportation, Inc. Technology	Added	17,048	+48	$494,562	−39.5%	1.54%
IGAC	Invest Green Acquisition Corp Financial Services	NEW	47,000	NEW	$471,410	NEW	1.47%
HTFL	Heartflow, Inc. Healthcare	Added	15,917	+8,417	$463,980	+83.8%	1.44%
BRCB	Black Rock Coffee Bar, Inc. Consumer Cyclical	Added	20,000	+5,000	$445,000	+24.3%	1.39%
ATEX	Anterix Inc. Communication Services	Reduced	20,000	-7,340	$436,600	−25.6%	1.36%
ITT	Itt Inc. Industrials	NEW	2,500	NEW	$433,775	NEW	1.35%
SARO	StandardAero, Inc. Industrials	Reduced	15,000	-5,000	$430,200	−21.2%	1.34%
SNDA	Sonida Senior Living, Inc. Healthcare	Held	12,612	0	$411,277	+17.6%	1.28%
FIGR	Figure Technology Solutions, Inc. Financial Services	Added	10,000	+1,500	$408,400	+32.1%	1.27%
RVMD	Revolution Medicines, Inc. Healthcare	Held	5,000	0	$398,250	+70.6%	1.24%
CRCL	Circle Internet Group, Inc. Financial Services	Added	5,000	+3,500	$396,500	+99.4%	1.23%
CTRI	Centuri Holdings, Inc. Utilities	Added	15,000	+1,600	$378,750	+33.5%	1.18%
BLSH	Bullish Technology	Added	10,000	+9,800	$378,700	+2876.7%	1.18%
BTSG	BrightSpring Health Services, Inc. Healthcare	NEW	10,000	NEW	$374,500	NEW	1.17%
KGS	Kodiak Gas Services, Inc. Energy	Reduced	10,000	-5,000	$374,000	−32.6%	1.16%
KLAR	Klarna Group plc Financial Services	Added	12,404	+1,404	$358,599	−11.1%	1.12%
ALDF	Aldel Financial II Inc. Financial Services	Reduced	30,000	-17,500	$314,700	−19.7%	0.98%
CHYM	Chime Financial, Inc. Technology	Reduced	12,500	-2,500	$314,625	+4.0%	0.98%
NP	Neptune Insurance Holdings Inc. Financial Services	NEW	10,500	NEW	$306,180	NEW	0.95%
CRBG	Corebridge Financial, Inc. Financial Services	Added	10,000	+5,000	$301,700	+88.3%	0.94%
PACS	PACS Group, Inc. Healthcare	Reduced	7,500	-5,000	$287,925	+67.8%	0.90%
COHR	Coherent Corp. Technology	NEW	1,500	NEW	$276,855	NEW	0.86%
JAKK	Jakks Pacific Inc Consumer Cyclical	Added	16,236	+5,225	$274,063	+32.9%	0.85%
FIG	Figma, Inc. Technology	Added	7,000	+6,000	$261,590	+404.3%	0.81%
FACT	FACT II Acquisition Corp.	Reduced	50,000	-137,650	$260,250	−79.8%	0.81%
NHIC	NewHold Investment Corp. III	Held	37,500	0	$259,125	+1.8%	0.81%
SOCA	Solarius Capital Acquisition Corp. Financial Services	Held	25,000	0	$254,750	+1.0%	0.79%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.