Q4 2025 · 13F-HR
Ripple Effect Asset Management LPholdings as filed
Filed 2026-02-13 · accession 0002000324-26-000445
The Brief · Ripple Effect Asset Management LP · Q4 2025
AI · grounded in 13F
Ripple Effect Asset Management LP closed its position in HYG for a reduction of $69.01M. The fund also exited positions in EQT and GLD, reducing exposure by $52.52M and $29.77M respectively. On the buy side, the manager established a new position in CCJ worth $29.28M and added IWM with a $18.46M investment. Other notable activity included increasing share counts in WMB by 160.77% and KGS by 70.36%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $52.8M | 15.1% | 77,500 | PUT | SOLE |
| 50012A108 | KGS | KODIAK GAS SVCS INC | $41.0M | 11.7% | 1,096,000 | Common | SOLE |
| 50012A108 | KGS | KODIAK GAS SVCS INC | $37.4M | 10.7% | 1,001,100 | PUT | SOLE |
| 92840M102 | VST | VISTRA CORP | $22.6M | 6.47% | 140,000 | CALL | SOLE |
| 65341B106 | XIFR | XPLR INFRASTRUCTURE LP | $22.0M | 6.30% | 2,200,000 | PUT | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $21.0M | 6.03% | 350,000 | PUT | SOLE |
| 65341B106 | XIFR | XPLR INFRASTRUCTURE LP | $21.0M | 6.02% | 2,100,000 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $19.7M | 5.65% | 328,000 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $18.5M | 5.29% | 75,000 | PUT | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $15.2M | 4.35% | 950,025 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $13.7M | 3.93% | 150,000 | PUT | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $12.8M | 3.66% | 800,000 | PUT | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $11.9M | 3.41% | 130,000 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $8.6M | 2.47% | 250,000 | CALL | SOLE |
| 00130H105 | AES | AES CORP | $4.3M | 1.23% | 300,000 | Common | SOLE |
| 92333F101 | VG | VENTURE GLOBAL INC | $4.3M | 1.22% | 625,000 | PUT | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $3.7M | 1.07% | 10,000 | Common | SOLE |
| 65342K105 | NEXT | NEXTDECADE CORP | $3.7M | 1.06% | 700,000 | PUT | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $3.7M | 1.05% | 40,000 | CALL | SOLE |
| 65342K105 | NEXT | NEXTDECADE CORP | $3.2M | 0.91% | 600,000 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $2.8M | 0.81% | 17,500 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $1.6M | 0.46% | 4,500 | Common | SOLE |
| 65341B106 | XIFR | XPLR INFRASTRUCTURE LP | $1.5M | 0.43% | 150,000 | CALL | SOLE |
| 67079K100 | SMR | NUSCALE PWR CORP | $1.1M | 0.32% | 80,000 | PUT | SOLE |
| 44812J104 | HUT | HUT 8 CORP | $826,920 | 0.24% | 18,000 | 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.