Q4 2025 · 13F-HR
Sunstone Asset Management, L.P.holdings as filed
Filed 2026-02-18 · accession 0000912282-26-000350
$104.4M
Reported value
59
Positions
2025-12-31
Period end
The Brief · Sunstone Asset Management, L.P. · Q4 2025
AI · grounded in 13F
Sunstone Asset Management, L.P. established a new position in IQIYI INC [[stock:IQ 6.5 03/15/28]] valued at $30.95M. The fund also initiated new stakes in CyberArk Software Ltd CYBR for $3.84M and NVIDIA Corporation NVDA for $3.81M. Additional new positions include DoorDash Inc DASH at $3.14M and Telephone & Data Sys Inc TDS at $2.89M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| G4939KAF3 | IQ 6.5 03/15/28 | IQIYI INC | $31.0M | 29.6% | 30,800,000 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $3.8M | 3.67% | 8,600 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $3.8M | 3.65% | 20,441 | Common | SOLE |
| 25809K105 | DASH | DOORDASH INC | $3.1M | 3.01% | 13,860 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $2.9M | 2.77% | 70,604 | Common | SOLE |
| 090043AF7 | BILL 0 04/01/30 | BILL HOLDINGS INC | $2.8M | 2.65% | 3,000,000 | Common | SOLE |
| 92826C839 | V | VISA INC | $2.6M | 2.45% | 7,300 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $2.4M | 2.33% | 13,132 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $2.4M | 2.27% | 4,900 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $2.4M | 2.25% | 5,010 | Common | SOLE |
| 60937P106 | MDB | MONGODB INC | $2.3M | 2.19% | 5,451 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $2.3M | 2.17% | 16,700 | Common | SOLE |
| 20717MAB9 | CFLT 0 01/15/27 | CONFLUENT INC | $2.2M | 2.14% | 2,297,000 | Common | SOLE |
| 55405Y100 | MTSI | MACOM TECH SOLUTIONS HLDGS I | $2.2M | 2.09% | 12,761 | Common | SOLE |
| Y2573F102 | FLEX | FLEX LTD | $2.0M | 1.94% | 33,524 | Common | SOLE |
| 91332UAB7 | U 0 11/15/26 | UNITY SOFTWARE INC | $1.9M | 1.86% | 2,000,000 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $1.8M | 1.74% | 5,241 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $1.7M | 1.67% | 9,914 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $1.7M | 1.64% | 11,641 | Common | SOLE |
| 29444U700 | EQIX | EQUINIX INC | $1.6M | 1.53% | 2,085 | Common | SOLE |
| 67059N108 | NTNX | NUTANIX INC | $1.5M | 1.48% | 29,900 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $1.5M | 1.44% | 16,000 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $1.5M | 1.43% | 10,515 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $1.4M | 1.39% | 8,348 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $1.2M | 1.13% | 3,998 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $1.1M | 1.10% | 3,647 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $1.1M | 1.07% | 7,300 | Common | SOLE |
| 91347P105 | OLED | UNIVERSAL DISPLAY CORP | $1.1M | 1.03% | 9,217 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $1.0M | 0.97% | 1,000,000 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $974,550 | 0.93% | 5,000 | Common | SOLE |
| 880770902 | TER | TERADYNE INC | $967,000 | 0.93% | 10,000 | CALL | SOLE |
| 87305R109 | TTMI | TTM TECHNOLOGIES INC | $936,675 | 0.90% | 13,575 | Common | SOLE |
| 46591M109 | JOYY | JOYY INC | $900,488 | 0.86% | 13,905 | Common | SOLE |
| 835699307 | SONY | SONY GROUP CORP | $894,106 | 0.86% | 34,926 | Common | SOLE |
| 86800UAB0 | SMCI 3.5 03/01/29 | SUPER MICRO COMPUTER INC | $892,450 | 0.85% | 1,000,000 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $867,919 | 0.83% | 2,190 | Common | SOLE |
| 346375108 | FORM | FORMFACTOR INC | $858,928 | 0.82% | 15,409 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $843,748 | 0.81% | 6,614 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $796,669 | 0.76% | 3,100 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $788,415 | 0.75% | 4,900 | Common | SOLE |
| 88339J105 | TTD | THE TRADE DESK INC | $759,200 | 0.73% | 20,000 | Common | SOLE |
| 80004C200 | SNDK | SANDISK CORP | $712,140 | 0.68% | 3,000 | Common | SOLE |
| 20717M103 | 8QR | CONFLUENT INC | $644,112 | 0.62% | 21,300 | Common | SOLE |
| 29786A106 | ETSY | ETSY INC | $604,296 | 0.58% | 10,900 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $435,984 | 0.42% | 3,206 | Common | SOLE |
| 565394903 | CART | MAPLEBEAR INC | $429,000 | 0.41% | 60,000 | CALL | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP | $417,072 | 0.40% | 4,800 | Common | SOLE |
| 86800U302 | SMCI | SUPER MICRO COMPUTER INC | $409,780 | 0.39% | 14,000 | Common | SOLE |
| 60937P906 | MDB | MONGODB INC | $368,250 | 0.35% | 5,000 | CALL | SOLE |
| 49845K101 | KVYO | KLAVIYO INC | $335,577 | 0.32% | 10,335 | Common | SOLE |
| 20717M903 | CFLT | CONFLUENT INC | $239,500 | 0.23% | 45,000 | CALL | SOLE |
| 11135F901 | AVGO | BROADCOM INC | $231,750 | 0.22% | 5,000 | CALL | SOLE |
| 338307AF8 | FIVN 1 03/15/29 | FIVE9 INC | $180,500 | 0.17% | 200,000 | Common | SOLE |
| 98980B103 | ZIP | ZIPRECRUITER INC | $151,359 | 0.14% | 38,810 | Common | SOLE |
| 697435905 | PANW | PALO ALTO NETWORKS INC | $126,500 | 0.12% | 10,000 | CALL | SOLE |
| 67059N908 | NTNX | NUTANIX INC | $72,500 | 0.07% | 10,000 | CALL | SOLE |
| 67066G904 | NVDA | NVIDIA CORPORATION | $68,250 | 0.07% | 10,000 | CALL | SOLE |
| 83193E102 | EM | SMART SH GLOBAL LTD | $57,234 | 0.05% | 48,918 | Common | SOLE |
| 81730H909 | — | SENTINELONE INC | $20,500 | 0.02% | 70,000 | CALL | SOLE |
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.