Q4 2025 · 13F-HR
PLUSTICK MANAGEMENT LLCholdings as filed
Filed 2026-02-17 · accession 0001643351-26-000005
$226.0M
Reported value
21
Positions
2025-12-31
Period end
The Brief · PLUSTICK MANAGEMENT LLC · Q4 2025
AI · grounded in 13F
PLUSTICK MANAGEMENT LLC established a new position in RUN worth $9.2M. The fund also opened new stakes in INFQ for $6.24M and TE for $5.34M. On the sell side, the fund closed its position in WW, reducing its exposure by $5.75M. Other notable reductions include trimming shares of VISN by 80% and APLD by 39.02%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 278768106 | SATS | ECHOSTAR CORP | $39.7M | 17.6% | 365,000 | Common | SOLE |
| 65345N106 | NN | NEXTNAV INC | $34.4M | 15.2% | 2,065,818 | Common | SOLE |
| 038169207 | APLD | APPLIED DIGITAL CORP | $24.5M | 10.8% | 1,000,000 | Common | SOLE |
| 457642205 | INOD | INNODATA INC | $16.8M | 7.44% | 330,000 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $11.3M | 5.00% | 135,000 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $11.0M | 4.88% | 320,000 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $10.4M | 4.62% | 40,000 | Common | SOLE |
| 378973507 | GSAT | GLOBALSTAR INC | $10.1M | 4.46% | 165,111 | Common | SOLE |
| 18467V109 | YOU | CLEAR SECURE INC | $9.6M | 4.27% | 275,000 | Common | SOLE |
| 86771W105 | RUN | SUNRUN INC | $9.2M | 4.07% | 500,000 | Common | SOLE |
| 55087P104 | LYFT | LYFT INC | $7.7M | 3.43% | 400,000 | Common | SOLE |
| 86800U302 | SMCI | SUPER MICRO COMPUTER INC | $6.6M | 2.91% | 225,000 | Common | SOLE |
| G2130T108 | INFQ | CHURCHILL CAP CORP X | $6.2M | 2.76% | 400,000 | Common | SOLE |
| 35834F104 | TE | T1 ENERGY INC | $5.3M | 2.36% | 800,000 | Common | SOLE |
| 65345M108 | NXDR | NEXTDOOR HOLDINGS INC | $4.4M | 1.95% | 2,100,000 | Common | SOLE |
| 60770K107 | MRNA | MODERNA INC | $3.8M | 1.70% | 130,000 | Common | SOLE |
| 52635N103 | LENZ | LENZ THERAPEUTICS INC | $3.2M | 1.42% | 200,000 | Common | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $3.2M | 1.40% | 350,000 | Common | SOLE |
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $3.1M | 1.38% | 400,000 | Common | SOLE |
| 20337X109 | VISN | COMMSCOPE HLDG CO INC | $2.7M | 1.20% | 150,000 | Common | SOLE |
| 300426103 | ECG | EVERUS CONSTR GROUP | $2.6M | 1.14% | 30,000 | 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.