Q4 2025 · 13F-HR
Union Square Park Capital Management, LLCholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000842
$208.0M
Reported value
49
Positions
2025-12-31
Period end
The Brief · Union Square Park Capital Management, LLC · Q4 2025
AI · grounded in 13F
Union Square Park Capital Management, LLC closed its position in FWRD for a reduction of $6.15M. The fund also exited positions in UNH and MHK, totaling $5.18M and $5.16M respectively. On the buy side, the fund established a new position in ENVIRI CORP for $3.23M and added QCOM for $2.57M. Other notable activity included increasing shares of ABNB by 445.45% and TDOC by 233.33%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46090E103 | QQQ | INVESCO QQQ TR | $30.7M | 14.8% | 50,000 | PUT | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $30.7M | 14.8% | 45,000 | PUT | SOLE |
| 74967X103 | RH | RH | $9.9M | 4.74% | 55,000 | Common | SOLE |
| 781386305 | RDNW | RIDENOW GROUP INC | $8.8M | 4.21% | 1,587,491 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $8.0M | 3.82% | 340,000 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $7.1M | 3.39% | 667,287 | Common | SOLE |
| 87918A105 | TDOC | TELADOC HEALTH INC | $7.0M | 3.37% | 1,000,000 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $6.8M | 3.26% | 1,100,000 | Common | SOLE |
| G31249108 | ESTA | ESTABLISHMENT LABS HLDGS INC | $6.6M | 3.15% | 90,000 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $5.7M | 2.74% | 97,500 | Common | SOLE |
| 456237106 | ILPT | INDUSTRIAL LOGISTICS PPTYS T | $5.2M | 2.48% | 930,000 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $4.9M | 2.37% | 20,000 | PUT | SOLE |
| 55087P104 | LYFT | LYFT INC | $4.8M | 2.33% | 250,000 | Common | SOLE |
| 55087P104 | LYFT | LYFT INC | $4.7M | 2.28% | 245,000 | CALL | SOLE |
| 009066101 | ABNB | AIRBNB INC | $4.1M | 1.96% | 30,000 | CALL | SOLE |
| 009066101 | ABNB | AIRBNB INC | $4.1M | 1.96% | 30,000 | Common | SOLE |
| 03748R747 | AIV | APARTMENT INVT & MGMT CO | $3.9M | 1.86% | 650,000 | Common | SOLE |
| 250565108 | DBI | DESIGNER BRANDS INC | $3.7M | 1.79% | 500,000 | Common | SOLE |
| 84920Y106 | SPWH | SPORTSMANS WHSE HLDGS INC | $3.5M | 1.67% | 2,378,681 | Common | SOLE |
| 415864107 | NVRI | ENVIRI CORP | $3.2M | 1.55% | 180,000 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $3.2M | 1.52% | 300,000 | CALL | SOLE |
| 53626N102 | LION | LIONSGATE STUDIOS CORP | $2.7M | 1.32% | 300,000 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $2.6M | 1.23% | 15,000 | Common | SOLE |
| 155923105 | CTRI | CENTURI HOLDINGS INC | $2.5M | 1.21% | 100,000 | Common | SOLE |
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $2.5M | 1.18% | 55,000 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $2.1M | 1.03% | 10,000 | Common | SOLE |
| 825690100 | SSTK | SHUTTERSTOCK INC | $2.1M | 1.01% | 110,000 | Common | SOLE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $1.9M | 0.91% | 15,000 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $1.9M | 0.90% | 5,000 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $1.8M | 0.85% | 5,000 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $1.8M | 0.84% | 30,000 | CALL | SOLE |
| 30303M102 | META | META PLATFORMS INC | $1.7M | 0.79% | 2,500 | Common | SOLE |
| 090043100 | BILL | BILL HOLDINGS INC | $1.6M | 0.79% | 30,000 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $1.6M | 0.78% | 10,000 | Common | SOLE |
| 629377508 | NRG | NRG ENERGY INC | $1.6M | 0.77% | 10,000 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $1.4M | 0.69% | 5,000 | Common | SOLE |
| M22465104 | CHKP | CHECK POINT SOFTWARE TECH LT | $1.4M | 0.67% | 7,500 | Common | SOLE |
| 64110D104 | NTAP | NETAPP INC | $1.3M | 0.64% | 12,500 | Common | SOLE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $1.3M | 0.64% | 25,000 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $1.3M | 0.63% | 10,000 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $1.2M | 0.58% | 3,500 | Common | SOLE |
| G4002F109 | GTEN | GORES HLDGS X INC | $1.0M | 0.49% | 100,000 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $1.0M | 0.49% | 7,500 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $967,240 | 0.47% | 2,000 | Common | SOLE |
| 22053A107 | — | QUINCE THERAPEUTICS INC | $752,899 | 0.36% | 224,746 | Common | SOLE |
| 138103106 | UTE0 | CANTALOUPE INC | $570,666 | 0.27% | 53,735 | Common | SOLE |
| 381013101 | GDEN | GOLDEN ENTMT INC | $440,206 | 0.21% | 16,190 | Common | SOLE |
| 31189V109 | FTHM | FATHOM HOLDINGS INC | $385,363 | 0.19% | 381,548 | Common | SOLE |
| 29103K100 | FLD | FOLD HLDGS INC | $232,629 | 0.11% | 89,130 | Common | 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.