Q4 2025 · 13F-HR
EQUITEC PROPRIETARY MARKETS, LLCholdings as filed
Filed 2026-02-17 · accession 0001420506-26-000546
$174.2M
Reported value
84
Positions
2025-12-31
Period end
The Brief · EQUITEC PROPRIETARY MARKETS, LLC · Q4 2025
AI · grounded in 13F
EQUITEC PROPRIETARY MARKETS, LLC closed its position in Kellanova K, reducing exposure by $21.5M. The fund established new positions in Cidara Therapeutics Inc CDTX for $16.3M, Hologic Inc HO1 for $11.9M, and Avadel Pharmaceuticals PLC AVDL for $11M. Additionally, the fund exited its holding in 89bio Inc ETNBGBP with a $7.5M reduction.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 64110L106 | NFLX | NETFLIX INC | $93.8M | 53.8% | 1,000,000 | CALL | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $7.4M | 4.26% | 344,200 | CALL | SOLE |
| 171757206 | CDTX | CIDARA THERAPEUTICS INC | $7.3M | 4.21% | 33,200 | PUT | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $7.2M | 4.13% | 96,700 | PUT | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $6.5M | 3.71% | 482,300 | PUT | SOLE |
| 171757206 | CDTX | CIDARA THERAPEUTICS INC | $6.4M | 3.65% | 28,787 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $4.6M | 2.66% | 62,300 | Common | SOLE |
| 097023105 | BA | BOEING CO | $4.3M | 2.49% | 20,000 | PUT | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $3.7M | 2.12% | 128,400 | PUT | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $3.6M | 2.06% | 166,900 | PUT | SOLE |
| 171757206 | CDTX | CIDARA THERAPEUTICS INC | $2.6M | 1.50% | 11,800 | CALL | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $2.6M | 1.48% | 192,300 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $2.3M | 1.34% | 11,400 | PUT | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $2.1M | 1.22% | 10,400 | CALL | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $1.8M | 1.04% | 8,900 | Common | SOLE |
| 48662X105 | KBDC | KAYNE ANDERSON BDC INC | $1.7M | 1.00% | 121,998 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $1.5M | 0.87% | 23,400 | PUT | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $1.4M | 0.83% | 50,000 | CALL | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $1.4M | 0.80% | 69,300 | CALL | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $1.2M | 0.67% | 18,000 | CALL | SOLE |
| 958669103 | WES | WESTERN MIDSTREAM PARTNERS L | $1.2M | 0.67% | 29,500 | CALL | SOLE |
| 97785W106 | WOLF | WOLFSPEED INC | $1.2M | 0.66% | 66,500 | PUT | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $1.2M | 0.66% | 40,000 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $759,750 | 0.44% | 5,000 | CALL | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $732,980 | 0.42% | 54,700 | CALL | SOLE |
| 268158201 | DVAX | DYNAVAX TECHNOLOGIES CORP | $636,732 | 0.37% | 41,400 | PUT | SOLE |
| 958669103 | WES | WESTERN MIDSTREAM PARTNERS L | $611,934 | 0.35% | 15,492 | Common | SOLE |
| 958669103 | WES | WESTERN MIDSTREAM PARTNERS L | $580,650 | 0.33% | 14,700 | PUT | SOLE |
| 268158201 | DVAX | DYNAVAX TECHNOLOGIES CORP | $522,920 | 0.30% | 34,000 | Common | SOLE |
| 59045L205 | MRSN | MERSANA THERAPEUTICS INC | $433,950 | 0.25% | 15,000 | CALL | SOLE |
| 15677J108 | DAY | DAYFORCE INC | $394,212 | 0.23% | 5,700 | PUT | SOLE |
| 760273102 | RPTX | REPARE THERAPEUTICS INC | $339,820 | 0.20% | 130,700 | PUT | SOLE |
| 760273102 | RPTX | REPARE THERAPEUTICS INC | $307,775 | 0.18% | 118,375 | Common | SOLE |
| 492327101 | KROS | KEROS THERAPEUTICS INC | $195,456 | 0.11% | 9,600 | PUT | SOLE |
| 492327101 | KROS | KEROS THERAPEUTICS INC | $175,096 | 0.10% | 8,600 | Common | SOLE |
| 59045L205 | MRSN | MERSANA THERAPEUTICS INC | $161,805 | 0.09% | 5,593 | Common | SOLE |
| 36467W109 | GME | GAMESTOP CORP NEW | $124,998 | 0.07% | 6,225 | Common | SOLE |
| 89469A104 | THS | TREEHOUSE FOODS INC | $117,950 | 0.07% | 5,000 | CALL | SOLE |
| 20464U100 | COMP | COMPASS INC | $105,700 | 0.06% | 10,000 | PUT | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $103,974 | 0.06% | 5,200 | PUT | SOLE |
| 08975B117 | BBAI/WS | BIGBEAR AI HLDGS INC | $100,006 | 0.06% | 62,500 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $96,837 | 0.06% | 1,300 | CALL | SOLE |
| 20464U100 | COMP | COMPASS INC | $91,959 | 0.05% | 8,700 | Common | SOLE |
| 36164V800 | GLIBK | GCI LIBERTY INC | $89,304 | 0.05% | 2,400 | CALL | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $81,248 | 0.05% | 800 | CALL | SOLE |
| 464287432 | TLT | ISHARES TR | $69,728 | 0.04% | 800 | Common | SOLE |
| 53838J113 | LVWR/WS | LIVEWIRE GROUP INC | $36,225 | 0.02% | 578,680 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $31,380 | 0.02% | 100 | Common | SOLE |
| 15677J108 | DAY | DAYFORCE INC | $31,122 | 0.02% | 450 | Common | SOLE |
| 03828A101 | APLT | APPLIED THERAPEUTICS INC | $30,060 | 0.02% | 300,600 | Common | SOLE |
| 03828A101 | APLT | APPLIED THERAPEUTICS INC | $25,240 | 0.01% | 252,400 | PUT | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $24,620 | 0.01% | 380 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $24,423 | 0.01% | 2,100 | PUT | SOLE |
| 42704L104 | HRI | HERC HLDGS INC | $23,741 | 0.01% | 160 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $22,097 | 0.01% | 1,900 | Common | SOLE |
| 03211Q200 | AMPG | AMPLITECH GROUP INC | $17,940 | 0.01% | 6,000 | PUT | SOLE |
| 71715X203 | PMCB | PHARMACYTE BIOTECH INC | $16,092 | 0.01% | 22,227 | Common | SOLE |
| 05453N100 | AWRE | AWARE INC MASS | $12,950 | 0.01% | 7,000 | Common | SOLE |
| 87261Y106 | TMC | TMC THE METALS COMPANY INC | $12,340 | 0.01% | 2,000 | Common | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $10,397 | 0.01% | 520 | Common | SOLE |
| 97785W106 | WOLF | WOLFSPEED INC | $7,939 | 0.00% | 456 | Common | SOLE |
| 683712137 | OPENL | OPENDOOR TECHNOLOGIES INC | $7,805 | 0.00% | 15,000 | Common | SOLE |
| 654484153 | NIOBW | NIOCORP DEVS LTD | $7,440 | 0.00% | 4,000 | Common | SOLE |
| 88166A870 | WEAT | TEUCRIUM COMMODITY TR | $3,994 | 0.00% | 200 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $3,588 | 0.00% | 125 | Common | SOLE |
| 227483104 | CCRN | CROSS CTRY HEALTHCARE INC | $3,240 | 0.00% | 400 | PUT | SOLE |
| 227483104 | CCRN | CROSS CTRY HEALTHCARE INC | $3,240 | 0.00% | 400 | Common | SOLE |
| 032108474 | MJ | AMPLIFY ETF TR | $2,473 | 0.00% | 83 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $2,326 | 0.00% | 200 | CALL | SOLE |
| 00165C302 | AMC | AMC ENTMT HLDGS INC | $1,515 | 0.00% | 971 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $1,364 | 0.00% | 2 | Common | SOLE |
| 78573M104 | SABR | SABRE CORP | $1,360 | 0.00% | 1,000 | Common | SOLE |
| 87240R107 | TFSL | TFS FINL CORP | $1,271 | 0.00% | 95 | Common | SOLE |
| 419870100 | HE | HAWAIIAN ELEC INDUSTRIES | $923 | 0.00% | 75 | Common | SOLE |
| 18452B118 | CLSKW | CLEANSPARK INC | $759 | 0.00% | 2,045 | Common | SOLE |
| 74347Y680 | UVXY | PROSHARES TR II | $719 | 0.00% | 20 | Common | SOLE |
| M0740A116 | DRTSW | ALPHA TAU MEDICAL LTD | $646 | 0.00% | 1,900 | Common | SOLE |
| 81256L112 | ICUCW | SEASTAR MEDICAL HOLDING CORP | $403 | 0.00% | 35,700 | Common | SOLE |
| 03211Q119 | AMPGW | AMPLITECH GROUP INC | $157 | 0.00% | 1,964 | Common | SOLE |
| 862945102 | ASST | STRIVE INC | $118 | 0.00% | 160 | Common | SOLE |
| 06682J118 | BNZIW | BANZAI INTERNATIONAL INC | $70 | 0.00% | 5,000 | Common | SOLE |
| G0369L119 | ANGHW | ANGHAMI INC | $59 | 0.00% | 2,500 | Common | SOLE |
| 36467W117 | GME/WS | GAMESTOP CORP NEW | $36 | 0.00% | 12 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $0 | — | 20,000 | 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.