Q4 2025 · 13F-HR
Fore Capital, LLCholdings as filed
Filed 2026-02-11 · accession 0001714672-26-000001
$306.0M
Reported value
52
Positions
2025-12-31
Period end
The Brief · Fore Capital, LLC · Q4 2025
AI · grounded in 13F
Fore Capital, LLC closed its position in SPY, reducing exposure by $63.29M. The fund also exited positions in IBIT for $8.78M and [[stock:ETSY 0.25 06/15/28]] for $6.2M. On the buy side, the fund established a new position in KWEB worth $5.11M and increased its holdings in GLD by 290%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78463V107 | GLD | SPDR GOLD TR | $49.5M | 16.2% | 125,000 | PUT | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $38.3M | 12.5% | 595,000 | CALL | SOLE |
| 464288513 | HYG | ISHARES TR | $32.3M | 10.5% | 400,000 | PUT | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $30.1M | 9.84% | 49,000 | PUT | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $27.7M | 9.07% | 70,000 | CALL | SOLE |
| 464285204 | IAU | ISHARES GOLD TR | $16.9M | 5.52% | 208,000 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $16.7M | 5.47% | 195,000 | PUT | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $12.9M | 4.20% | 150,000 | CALL | SOLE |
| 01609WBG6 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $10.9M | 3.56% | 7,000,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $7.5M | 2.44% | 40,000 | PUT | SOLE |
| 47215PAJ5 | JD 0.25 06/01/29 | JD.COM INC | $7.0M | 2.30% | 7,000,000 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $5.1M | 1.67% | 150,000 | CALL | SOLE |
| 85208R101 | CEF | SPROTT ASSET MANAGEMENT LP | $5.0M | 1.65% | 110,000 | Common | SOLE |
| 82452JAD1 | FOUR 0.5 08/01/27 | SHIFT4 PMTS INC | $4.8M | 1.57% | 5,000,000 | Common | SOLE |
| 15135B101 | CNC | CENTENE CORP DEL | $3.3M | 1.08% | 80,000 | CALL | SOLE |
| 678026AK1 | OIS 4.75 04/01/26 | OIL STS INTL INC | $3.0M | 0.98% | 3,000,000 | Common | SOLE |
| 64049MAB6 | NEO 0.25 01/15/28 | NEOGENOMICS INC | $2.7M | 0.88% | 3,000,000 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $2.6M | 0.87% | 10,000 | CALL | SOLE |
| 53680QAA6 | LARCN 1.75 01/15/27 | LITHIUM ARGENTINA AG | $2.6M | 0.85% | 2,860,000 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $2.3M | 0.77% | 140,000 | CALL | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $2.2M | 0.73% | 65,000 | Common | SOLE |
| 29472R108 | ELS | EQUITY LIFESTYLE PPTYS INC | $2.1M | 0.69% | 35,000 | Common | SOLE |
| 29355AAK3 | ENPH 0 03/01/28 | ENPHASE ENERGY INC | $1.7M | 0.57% | 2,000,000 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $1.3M | 0.43% | 5,000 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $1.2M | 0.39% | 4,600 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $1.1M | 0.36% | 65,000 | Common | SOLE |
| 60255C885 | BRD1EUR | MIND MEDICINE MINDMED INC | $1.1M | 0.35% | 80,000 | CALL | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $1.0M | 0.33% | 30,000 | Common | SOLE |
| 44955L155 | IAUX/WS | I-80 GOLD CORP | $970,600 | 0.32% | 1,055,000 | Common | SOLE |
| 71654V408 | PBR | PETROLEO BRASILEIRO SA PETRO | $948,000 | 0.31% | 80,000 | Common | SOLE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $945,760 | 0.31% | 23,000 | Common | SOLE |
| 071734107 | BHC | BAUSCH HEALTH COS INC | $834,000 | 0.27% | 120,000 | Common | SOLE |
| 071734107 | BHC | BAUSCH HEALTH COS INC | $834,000 | 0.27% | 120,000 | CALL | SOLE |
| 927926303 | VGZ | VISTA GOLD CORP | $748,360 | 0.24% | 380,000 | Common | SOLE |
| 090043AD2 | BILL 0 04/01/27 | BILL HOLDINGS INC | $728,640 | 0.24% | 768,000 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $694,160 | 0.23% | 4,000 | Common | SOLE |
| 398438408 | GRFS | GRIFOLS S A | $654,500 | 0.21% | 70,000 | Common | SOLE |
| 05722G100 | BKR | BAKER HUGHES COMPANY | $592,020 | 0.19% | 13,000 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $585,900 | 0.19% | 35,000 | Common | SOLE |
| 23256X407 | HELP | CYBIN INC | $543,324 | 0.18% | 66,421 | Common | SOLE |
| 384313607 | EAF | GRAFTECH INTL LTD | $542,850 | 0.18% | 35,000 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $536,000 | 0.18% | 10,000 | Common | SOLE |
| 62886HBD2 | NCLH 1.125 02/15/27 | NCL CORP LTD | $500,000 | 0.16% | 500,000 | Common | SOLE |
| 68828E809 | ODV | OSISKO DEVELOPMENT CORP | $488,600 | 0.16% | 140,000 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $386,260 | 0.13% | 3,500 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $352,600 | 0.12% | 10,000 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $282,600 | 0.09% | 10,000 | Common | SOLE |
| 911549103 | UAMY | UNITED STATES ANTIMONY CORP | $276,100 | 0.09% | 55,000 | Common | SOLE |
| 60255C885 | BRD1EUR | MIND MEDICINE MINDMED INC | $200,850 | 0.07% | 15,000 | Common | SOLE |
| 30050E105 | EVO | EVOTEC AG | $96,573 | 0.03% | 31,355 | Common | SOLE |
| 18453H106 | CCO | CLEAR CHANNEL OUTDOOR HLDGS | $66,300 | 0.02% | 30,000 | Common | SOLE |
| 68828E239 | ODVWZ | OSISKO DEVELOPMENT CORP | $2,186 | 0.00% | 24,999 | 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.