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Livermore
Livermore
ZHEN

Quarry LP

SEC CIK
0001965207
Latest filing
Aug 14, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 13, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
2,064
−39 vs. Q3 2025
Portfolio value
$611.0M
+$201.7M (+49.3%) vs. Q3 2025
Filed
Feb 13, 2026
SEC
Holdings of Quarry LP in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
AMZNAmazon Com IncStock227,890$104.0M17.0%+220,917+3,168.2%AddedHistory
NVDANVIDIA CorpStock254,112$93.6M15.3%+250,410+6,764.2%AddedHistory
Cyberark Software LtdM2682V108SHS35,775$16.0M2.6%+3,000+9.2%Added–
FYBRFrontier Communications Parent, Inc.COM411,663$15.7M2.6%−16,368−3.8%ReducedHistory
NSCNorfolk Southern CorpStock43,790$12.6M2.1%+10,490+31.5%AddedHistory
CMAComerica IncCOM131,826$11.5M1.9%+130,899+14,120.7%AddedHistory
EAElectronic Arts Inc.COM54,528$11.1M1.8%+54,528NewHistory
CLMCornerstone Strategic Investment Fund, Inc.COM1,235,307$10.3M1.7%+962,972+353.6%AddedHistory
CRFCornerstone Total Return Fund IncCOM1,260,432$10.1M1.7%+997,836+380.0%AddedHistory
TXNMTXNM Energy IncCOM162,534$9.57M1.6%−4,279−2.6%ReducedHistory
DAYDayforce, Inc.COM126,000$8.71M1.4%+126,000NewHistory
CAEPCantor Equity Partners III, Inc.SHS CL A826,739$8.43M1.4%+765,489+1,249.8%AddedHistory
IPCXInflection Point Acquisition Corp. IIICOM714,057$7.24M1.2%+714,057NewHistory
GTLSChart Industries IncCOM33,831$6.98M1.1%+1,003+3.1%AddedHistory
EXASExact Sciences CorpCOM67,821$6.89M1.1%+67,821NewHistory
USALiberty All Star Equity FundSH BEN INT1,067,605$6.70M1.1%+1,067,605NewHistory
AESAES CorpStock415,383$5.96M1.0%+415,216+248,632.3%AddedHistory
Agriculture & Nat Sol Acq CoG0131Y100SHS CL A494,688$5.54M0.9%+394,688+394.7%Added–
iQIYI, Inc.G4939KAF3NOTE 6.500% 3/1–$4.74M0.8%–––
ACPabrdn Income Credit Strategies FundCOM767,032$4.15M0.7%+597,409+352.2%AddedHistory
ECHOEchoStar CORPCL A31,775$3.45M0.6%−13,265−29.5%ReducedHistory
HYACHaymaker Acquisition Corp VCLASS A298,232$3.39M0.6%−137,324−31.5%ReducedHistory
CADECadence BancorporationEQUITY US CM73,115$3.13M0.5%+73,115NewHistory
MARA Holdings, Inc.565788AH9NOTE 6/0–$3.10M0.5%–New–
Voyager Acquisition CorpG93A7H104CL A287,921$3.07M0.5%+54,084+23.1%Added–
Sea Ltd81141RAG5NOTE 0.250% 9/1–$3.01M0.5%–––
BIXIUBitcoin Infrastructure Acquisition Corp LtdUNIT 11/06/2030300,000$2.99M0.5%+300,000NewHistory
KVACFKeen Vision Acquisition Corp.SHS251,364$2.95M0.5%00.0%UnchangedHistory
CDTXCidara Therapeutics, Inc.COM NEW12,987$2.87M0.5%+12,987NewHistory
DMAADrugs Made In America Acquisition Corp.ORD SHS266,551$2.77M0.5%+250,830+1,595.5%AddedHistory
Teladoc Health, Inc.87918AAF2NOTE 1.250% 6/0–$2.62M0.4%–––
CEPOCantor Equity Partners I, Inc.COM251,046$2.61M0.4%+251,046NewHistory
ATXSAstria Therapeutics, Inc.COM188,988$2.47M0.4%+187,271+10,906.9%AddedHistory
Itron, Inc.465741AQ9NOTE 1.375% 7/1–$2.44M0.4%–––
BLRKUBluerock Acquisition Corp.UNIT 11/06/2030225,000$2.25M0.4%+225,000NewHistory
JQCNuveen Credit Strategies Income FundCOM SHS447,799$2.25M0.4%+52,017+13.1%AddedHistory
TDSTelephone & Data Systems IncCOM NEW53,258$2.18M0.4%+53,245+409,576.9%AddedHistory
Gladstone Cap Corp376535AG5NOTE 5.875%10/0–$2.15M0.4%–––
Cleanspark, Inc.18452BAC4NOTE 6/1–$2.08M0.3%–New–
VanEck ETF Trust92189F106GOLD MINERS ETF23,948$2.05M0.3%−19,248−44.6%Reduced–
BRWSaba Capital Income & Opportunities FundSHS NEW289,225$2.03M0.3%+179,941+164.7%AddedHistory
BCATBlackRock Capital Allocation Term TrustCOM142,366$2.02M0.3%+142,366NewHistory
SPDR Series Trust78464A755ST STR SP METAL19,431$2.01M0.3%−12,841−39.8%Reduced–
IGRCbre Global Real Estate Income FundCOM445,498$1.95M0.3%+445,498NewHistory
RIVRivernorth Opportunities Fund, Inc.COM153,570$1.80M0.3%+75,570+96.9%AddedHistory
BXBLBOXABL Inc.COM177,635$1.78M0.3%00.0%UnchangedHistory
HAVAUHarvard Ave Acquisition CorpUNIT 10/03/2030175,000$1.77M0.3%+175,000NewHistory
HOUSAnywhere Real Estate Inc.COM123,997$1.76M0.3%+12,227+10.9%AddedHistory
EURKEureka Acquisition CorpSHS CL A155,400$1.70M0.3%00.0%UnchangedHistory
ZTRVirtus Total Return Fund Inc.COM265,646$1.67M0.3%−66,003−19.9%ReducedHistory
Huazhu Group Ltd44332NAB2NOTE 3.000% 5/0–$1.67M0.3%–––
LPAALaunch One Acquisition Corp.SHS CLASS A150,000$1.59M0.3%00.0%UnchangedHistory
State Street SPDR S&P Biotech ETF78464A870ETF13,008$1.59M0.3%−16,430−55.8%Reduced–
EMOClearBridge Energy Midstream Opportunity Fund Inc.COM35,239$1.57M0.3%+19,739+127.3%AddedHistory
PDIPIMCO Dynamic Income FundSHS88,604$1.57M0.3%+88,604NewHistory
Mountain Lake Acquisition Corp.G6301B101SHS CL A150,000$1.56M0.3%+150,000New–
FVNFuture Vision II Acquisition Corp.SHS145,000$1.53M0.3%00.0%UnchangedHistory
WEIBO Corp948596AJ0NOTE 1.375%12/0–$1.51M0.2%–––
XRPNArmada Acquisition Corp. IICOM147,423$1.51M0.2%+147,423NewHistory
SPDR Series Trust78468R556SP O&G EXPL PRO11,945$1.51M0.2%−8,353−41.2%Reduced–
SBXDSilverBox Corp IVSHS CL A141,597$1.50M0.2%+141,597NewHistory
Braemar Hotels & Resorts Inc.10482BAB7NOTE 4.500% 6/0–$1.46M0.2%–––
MDYSPDR S&P Midcap 400 ETF TrustETF2,325$1.40M0.2%+2,325NewHistory
FSHPFlag Ship Acquisition CorpORD SHS130,000$1.40M0.2%00.0%UnchangedHistory
UTFCohen & Steers Infrastructure Fund IncCOM56,139$1.35M0.2%−133,843−70.5%ReducedHistory
MEGINYLI CBRE Global Infrastructure Megatrends Term FundCOM95,739$1.32M0.2%+95,739NewHistory
VVRInvesco Senior Income TrustCOM402,393$1.32M0.2%+402,393NewHistory
KOYNCSLM Digital Asset Acquisition Corp III, LtdUSD CL A ORD SHS130,000$1.29M0.2%+130,000NewHistory
CEPVCantor Equity Partners V, Inc.SHS CL A S125,000$1.28M0.2%+125,000NewHistory
BEAGBold Eagle Acquisition Corp.CL A117,662$1.24M0.2%−63,208−34.9%ReducedHistory
EHIWestern Asset Global High Income Fund Inc.COM187,883$1.20M0.2%+62,127+49.4%AddedHistory
FTFFranklin Ltd Duration Income TrustCOM192,663$1.18M0.2%+192,663NewHistory
PRAXPraxis Precision Medicines, Inc.COM NEW4,000$1.18M0.2%−16,001−80.0%ReducedHistory
PLTRPalantir Technologies Inc.Stock6,625$1.18M0.2%+3,951+147.8%AddedHistory
Artius II Acquisition IncG0509J115SHS CL A110,500$1.14M0.2%+110,500New–
JGHNuveen Global High Income FundSHS90,216$1.14M0.2%+90,216NewHistory
BTXBlackRock Technology & Private Equity Term TrustSHS BEN INT170,066$1.12M0.2%+170,066NewHistory
ITHAUITHAX Acquisition Corp IIIUNIT 11/17/2030110,000$1.10M0.2%+110,000NewHistory
HYIWestern Asset High Yield Opportunity Fund Inc.COM96,367$1.08M0.2%+96,367NewHistory
SIMASIM Acquisition Corp. ISHS CL A100,000$1.06M0.2%00.0%UnchangedHistory
New Amer Acquisition I Corp023634207UNIT 99/99/9999100,000$1.04M0.2%+100,000New–
KFIIUK&F Growth Acquisition Corp. IIUNIT 99/99/999999,500$1.04M0.2%00.0%UnchangedHistory
PureCycle Technologies, Inc.74623VAB9NOTE 7.250% 8/1–$1.04M0.2%–––
JENAJena Acquisition Corp IIUSD CL A ORD SHS100,000$1.02M0.2%+100,000NewHistory
MCNXAI Madison Equity Premium Income FundCOM168,937$1.01M0.2%+98,797+140.9%AddedHistory
DYNCDynamix CorpSHS CL A97,751$1.01M0.2%+97,751NewHistory
AEAQUActivate Energy Acquisition Corp.UNIT 11/10/2030100,000$999.5K0.2%+100,000NewHistory
DMIIDrugs Made In America Acquisition II Corp.USD ORD SHS100,000$990.0K0.2%+100,000NewHistory
Viking Acquisition Corp IG9582G120UNIT 99/99/999995,000$957.6K0.2%+95,000New–
DMADestra Multi-Alternative FundCOMMON SHARES103,453$928.0K0.2%−10,342−9.1%ReducedHistory
PRTHPriority Technology Holdings, Inc.COM169,819$925.5K0.2%+81,697+92.7%AddedHistory
RQICohen & Steers Quality Income Realty Fund IncCEF79,387$906.6K0.1%+79,387NewHistory
EIXEdison InternationalStock15,081$905.2K0.1%+7,600+101.6%AddedHistory
JFRNuveen Floating Rate Income FundCOM115,372$903.4K0.1%+115,372NewHistory
BGTBlackRock Floating Rate Income TrustCOM79,163$896.9K0.1%+79,163NewHistory
MMTXUMiluna Acquisition CorpUNIT 09/29/203087,500$874.1K0.1%+87,500NewHistory
SCDLMP Capital & Income Fund Inc.COM58,359$864.3K0.1%−6,368−9.8%ReducedHistory
TGE Value Creative Solutions CorpG8773E126UNIT 99/99/999985,000$844.9K0.1%+85,000New–
CATCaterpillar IncStock1,428$818.1K0.1%+616+75.9%AddedHistory
CHPGChampionsGate Acquisition CorpSHS CL A80,000$815.2K0.1%+80,000NewHistory

Options (27)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Quarry LP in Q4 2025
SecurityClassPutsCalls
State Street Financial Select Sector SPDR ETF81369Y605ETF$8.22M–
SPYSPDR S&P 500 ETF TrustETF$5.11M–
SLViShares Silver TrustETF$4.51M–
NXENexGen Energy Ltd.COM–$3.36M
iShares Tr464288513IBOXX HI YD ETF$2.10M–
DNNDenison Mines Corp.COM–$798.0K
HCIHCI Group, Inc.COM–$498.4K
SBUXStarbucks CorpStock$421.1K–
KNSLKinsale Capital Group, Inc.Stock$312.9K–
Invesco Exchange Traded FD T46137V357S&P500 EQL WGT$306.5K–
PEPPepsiCo IncStock$287.0K–
FTAIFTAI Aviation Ltd.SHS–$275.6K
iShares Russell 2000 ETF464287655ETF$270.8K–
SKWDSkyward Specialty Insurance Group, Inc.COM$255.6K–
WUWestern Union COStock$232.8K–
CMCSAComcast CorpStock$224.2K–
SPDR Series Trust78468R556SP O&G EXPL PRO$189.4K–
VGVenture Global, Inc.COM CL A$170.5K–
CORTCorcept Therapeutics IncCOM–$153.1K
COFCapital One Financial CorpStock$121.2K–
LIONLionsgate Studios Corp.COM–$114.1K
TACTransalta CorpCOM–$83.4K
SOFISoFi Technologies, Inc.Stock$65.5K–
SCHLScholastic CorpCOM–$62.2K
FIPFTAI Infrastructure Inc.COMMON STOCK–$34.6K
FRMIFermi Inc.COM–$32.0K
SAFESafehold Inc.COM$5.48K–

Sold out since Q3 2025 (660)

Positions held at the end of Q3 2025 that are gone from this filing.

The largest 100 of 660 by value last quarter.

Positions of Quarry LP sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
IPGInterpublic Group of Companies, Inc.COM629,994$17.6M4.3%History
VRNAVerona Pharma plcSPONSORED ADS99,300$10.6M2.6%History
KKellanovaStock103,872$8.52M2.1%History
SPRSpirit AeroSystems Holdings, Inc.COM CL A147,389$5.69M1.4%History
PHDPioneer Floating Rate Fund, Inc.COM531,617$5.29M1.3%History
SCSSteelcase IncCL A282,993$4.87M1.2%History
Pinduoduo Inc722304AC6NOTE 12/0–$4.08M1.0%–
CORZCore Scientific, Inc.COM205,272$3.68M0.9%History
JEQAbrdn Japan Equity Fund, Inc.COM398,348$3.14M0.8%History
HONEHarborOne Bancorp, Inc.COM NEW200,000$2.72M0.7%History
UTGReaves Utility Income FundCOM SH BEN INT47,913$1.90M0.5%History
AFJKAimei Health Technology Co., Ltd.SHS167,081$1.89M0.5%History
KOYNUCSLM Digital Asset Acquisition Corp III, LtdUNIT 08/12/2030180,000$1.82M0.4%History
COOPMaverick Merger Sub 2, LLCCOM8,301$1.75M0.4%History
ASPCASPAC III Acquisition Corp.ORD SHS CL A150,000$1.55M0.4%History
BEBloom Energy CorpCOM CL A17,214$1.46M0.4%History
RFMZRiverNorth Flexible Municipal Income Fund II, Inc.COM109,961$1.43M0.4%History
NETDNabors Energy Transition Corp. IICL A100,000$1.12M0.3%History
ORCLOracle CorpStock3,876$1.09M0.3%History
IBACIB Acquisition Corp.COM SHS100,000$1.05M0.3%History
NMAINuveen Multi-Asset Income FundCOM79,200$1.03M0.3%History
MRLNMerlin, Inc.SHS CL A87,500$910.0K0.2%History
OAKUOak Woods Acquisition CorpCL A73,900$886.8K0.2%History
CHPGUChampionsGate Acquisition CorpUNIT 05/14/203080,000$845.2K0.2%History
XRPNUArmada Acquisition Corp. IIUNIT 05/21/203075,000$798.8K0.2%History
BLZRUTrailblazer Acquisition Corp.UNIT 08/21/203075,565$772.7K0.2%History
OBAWUOxley Bridge Acquisition LtdUNIT 06/17/203075,000$753.0K0.2%History
VZLAVizsla Silver Corp.COM NEW163,397$705.9K0.2%History
TTEKTetra Tech IncCOM21,123$705.1K0.2%History
GPATGP-Act III Acquisition Corp.CL A64,977$688.8K0.2%History
HDRNHadron Energy, Inc.ORD SHS CL A56,690$598.1K0.1%History
FORLFour Leaf Acquisition CorpCOM CL A50,600$594.3K0.1%History
SPYSPDR S&P 500 ETF TrustETF824$548.9K0.1%History
BRRSilvia, Inc.SHS CL A54,034$546.8K0.1%History
NRGNRG Energy, Inc.Stock3,305$535.2K0.1%History
FIVEFive Below, IncCOM3,455$534.5K0.1%History
AEFabrdn Emerging Markets ex-China Fund, Inc.COM82,097$532.0K0.1%History
RDAGURepublic Digital Acquisition CoUNIT 99/99/999949,992$525.4K0.1%History
FTWPresidio Production CoCL A ORD SHS50,000$519.0K0.1%History
TRGPTarga Resources Corp.COM3,023$506.5K0.1%History
LWACULightWave Acquisition Corp.UNIT 06/06/203050,000$502.5K0.1%History
VGMInvesco Trust for Investment Grade MunicipalsCOM48,938$495.3K0.1%History
SWZTotal Return Securities FundCOM75,080$456.5K0.1%History
EOSEEos Energy Enterprises, Inc.COM CL A40,000$455.6K0.1%History
USASAmericas Gold & Silver CorpCOM NEW121,949$453.7K0.1%History
DOUGDouglas Elliman Inc.COM150,000$429.0K0.1%History
APAAPA CorpStock17,170$416.9K0.1%History
BKTBlackRock Income Trust, Inc.COM NEW36,990$415.8K0.1%History
DMIIUDrugs Made In America Acquisition II Corp.UNIT 09/16/203040,000$397.8K0.1%History
TICTIC Solutions, Inc.COM29,800$396.6K0.1%History
ICEIntercontinental Exchange, Inc.Stock2,225$374.9K0.1%History
REGNRegeneron Pharmaceuticals, Inc.COM657$369.4K0.1%History
TVTXTravere Therapeutics, Inc.COM14,960$357.5K0.1%History
NTRNutrien Ltd.COM6,054$355.4K0.1%History
SNOWSnowflake Inc.Stock1,562$352.3K0.1%History
TEAFTortoise Sustainable & Social Impact Term FundClosed-End Fund29,248$344.0K0.1%History
DECKDeckers Outdoor CorpCOM3,269$331.4K0.1%History
ADMArcher-Daniels-Midland CoStock5,413$323.4K0.1%History
DRIDarden Restaurants IncCOM1,691$321.9K0.1%History
IQIInvesco Quality Municipal Income TrustCOM32,600$321.1K0.1%History
EVMEaton Vance California Municipal Bond FundCOM33,757$320.4K0.1%History
VKQInvesco Municipal TrustCOM32,500$313.6K0.1%History
Alphatime Acquisition CorpG0223V105ORDINARY SHARES25,312$302.7K0.1%–
EMREmerson Electric CoStock2,257$296.1K0.1%History
JAZZJazz Pharmaceuticals plcSHS USD2,125$280.1K0.1%History
ACLXArcellx, Inc.COMMON STOCK3,376$277.2K0.1%History
New MTN Fin Corp647551AE0NOTE 7.500%10/1–$271.5K0.1%–
PCAPUProCap Acquisition CorpUNIT 05/16/203025,000$262.5K0.1%History
POLEAndretti Acquisition Corp. IIUNIT 99/99/999925,000$261.5K0.1%History
WWWW International, Inc.COM NEW9,500$259.9K0.1%History
CELHCelsius Holdings, Inc.COM NEW4,289$246.6K0.1%History
DOCUDocuSign, Inc.Stock3,371$243.0K0.1%History
THOThor Industries IncCOM2,247$233.0K0.1%History
VSATViasat IncCOM7,500$219.8K0.1%History
HSPOFHorizon Space Acquisition I Corp.ORDINARY SHARES17,237$212.9K0.1%History
TSATTelesat CorpCL A & CL B SHS8,000$212.0K0.1%History
GWWW.W. Grainger, Inc.Stock220$209.7K0.1%History
KRROKorro Bio, Inc.COM4,375$209.5K0.1%History
SRRKScholar Rock Holding CorpCOM5,625$209.5K0.1%History
IRIngersoll Rand Inc.COM2,519$208.1K0.1%History
FISVFiserv IncStock1,583$204.1K<0.1%History
BILLBILL Holdings, Inc.Stock3,758$199.1K<0.1%History
TWLOTwilio IncCL A1,911$191.3K<0.1%History
KURAKura Oncology, Inc.COM21,250$188.1K<0.1%History
BLNDBlend Labs, Inc.CL A50,440$184.1K<0.1%History
AQSTAquestive Therapeutics, Inc.COM32,427$181.3K<0.1%History
SJMJ M SMUCKER CoStock1,659$180.2K<0.1%History
PSNParsons CorpCOM2,114$175.3K<0.1%History
Invesco QQQ Trust Series I46090E103ETF285$171.1K<0.1%–
iShares Russell Mid-Cap Growth ETF464287481ETF1,136$161.8K<0.1%–
FHNFirst Horizon CorpCOM7,150$161.7K<0.1%History
RRXRegal Rexnord CorpCOM1,119$160.5K<0.1%History
Columbus Circle Cap Corp. IG2296A125UNIT 05/16/203015,000$160.3K<0.1%–
TXNTexas Instruments IncStock849$156.0K<0.1%History
FIPFTAI Infrastructure Inc.COMMON STOCK35,332$154.0K<0.1%History
TSLATesla, Inc.Stock340$151.2K<0.1%History
LPXLouisiana-Pacific CorpCOM1,701$151.1K<0.1%History
GTESGates Industrial Corp Ltd.ORD SHS5,902$146.5K<0.1%History
EPAMEPAM Systems, Inc.COM938$141.4K<0.1%History
BURLBurlington Stores, Inc.COM546$139.0K<0.1%History