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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
AXSAxis Capital Holdings LtdSHS137$14.7K<0.1%−1,644−92.3%ReducedHistory
VTOLBristow Group Inc.COM401$14.7K<0.1%−45−10.1%ReducedHistory
CTOCTO Realty Growth, Inc.COM798$14.7K<0.1%+798NewHistory
MMSIMerit Medical Systems IncCOM167$14.7K<0.1%−359−68.3%ReducedHistory
BDNBrandywine Realty TrustSH BEN INT NEW5,045$14.7K<0.1%−13,617−73.0%ReducedHistory
AXONAxon Enterprise, Inc.COM26$14.8K<0.1%−87−77.0%ReducedHistory
EGANEGAIN CorpCOM NEW1,439$14.8K<0.1%+1,439NewHistory
CNICanadian National Railway CoStock150$14.8K<0.1%+150NewHistory
NTBBank of N.T. Butterfield & Son LtdSHS NEW299$14.9K<0.1%−527−63.8%ReducedHistory
CBSHCommerce Bancshares IncStock285$14.9K<0.1%−981−77.5%ReducedHistory
LILAKLiberty Latin America Ltd.COM CL C2,000$14.9K<0.1%+1,727+632.6%AddedHistory
WKCWorld Kinect CorpCOM637$14.9K<0.1%−887−58.2%ReducedHistory
ENSGEnsign Group, IncCOM86$15.0K<0.1%+86NewHistory
IHSIHS Holding LtdORD SHS2,012$15.0K<0.1%−2,692−57.2%ReducedHistory
ODCOil-Dri Corp of AmericaCOM307$15.0K<0.1%−57−15.7%ReducedHistory
COFCapital One Financial CorpStock62$15.0K<0.1%−1,422−95.8%ReducedHistory
FCXFreeport-McMoran IncStock296$15.0K<0.1%−4,270−93.5%ReducedHistory
DSGXDescartes Systems Group IncCOM172$15.1K<0.1%−119−40.9%ReducedHistory
HTGCHercules Capital, Inc.COM804$15.1K<0.1%+804NewHistory
AROCArchrock, Inc.COM583$15.2K<0.1%−1,428−71.0%ReducedHistory
ANIKAnika Therapeutics, Inc.COM1,592$15.3K<0.1%−5,966−78.9%ReducedHistory
TDYTeledyne Technologies IncCOM30$15.3K<0.1%−408−93.2%ReducedHistory
WMSAdvanced Drainage Systems, Inc.COM106$15.4K<0.1%+106NewHistory
PSTLPostal Realty Trust, Inc.CL A953$15.4K<0.1%−3,898−80.4%ReducedHistory
ALRMAlarm.com Holdings, Inc.COM302$15.4K<0.1%−37−10.9%ReducedHistory
NSANational Storage Affiliates TrustCOM SHS BEN IN547$15.4K<0.1%−1,916−77.8%ReducedHistory
iShares Inc464286525MSCI GBL MIN VOL130$15.4K<0.1%+130New–
NATHNathans Famous, Inc.COM165$15.4K<0.1%+135+450.0%AddedHistory
LANDGladstone Land CorpCOM1,688$15.4K<0.1%+1,688NewHistory
JBSSSanfilippo John B & Son IncCOM219$15.5K<0.1%−281−56.2%ReducedHistory
ARCCAres Capital CorpCEF769$15.6K<0.1%−860−52.8%ReducedHistory
FLYWFlywire CorpCOM VTG1,099$15.6K<0.1%+1,055+2,397.7%AddedHistory
FINVFinVolution GroupSPONSORED ADS2,976$15.6K<0.1%−2,101−41.4%ReducedHistory
ITRNIturan Location & Control Ltd.SHS362$15.6K<0.1%+362NewHistory
HRIHerc Holdings IncCOM105$15.6K<0.1%+105NewHistory
WTWisdomTree, Inc.COM1,281$15.6K<0.1%−925−41.9%ReducedHistory
ESABESAB CorpCOM140$15.6K<0.1%−500−78.1%ReducedHistory
XRXXerox Holdings CorpCOM NEW6,607$15.7K<0.1%−1,823−21.6%ReducedHistory
LZLegalzoom.com, Inc.COM1,579$15.7K<0.1%−409−20.6%ReducedHistory
SHCSotera Health CoCOM890$15.7K<0.1%−359−28.7%ReducedHistory
ALHAlliance Laundry Holdings Inc.COM772$15.7K<0.1%+772NewHistory
CCJCameco CorpStock172$15.7K<0.1%+172NewHistory
SBHSally Beauty Holdings, Inc.COM1,105$15.8K<0.1%+1,024+1,264.2%AddedHistory
ZIPZiprecruiter, Inc.CL A4,047$15.8K<0.1%−6,005−59.7%ReducedHistory
VTRVentas, Inc.REIT204$15.8K<0.1%+204NewHistory
ZWSZurn Elkay Water Solutions CorpCOM340$15.8K<0.1%−100−22.7%ReducedHistory
PAYPaymentus Holdings, Inc.Stock501$15.8K<0.1%+356+245.5%AddedHistory
CRMSalesforce, Inc.Stock60$15.9K<0.1%−1,669−96.5%ReducedHistory
RICKRci Hospitality Holdings, Inc.COM670$16.0K<0.1%+670NewHistory
PGCPeapack Gladstone Financial CorpCOM574$16.0K<0.1%+276+92.6%AddedHistory
GRRRGorilla Technology Group Inc.SHS NEW1,470$16.1K<0.1%+1,470NewHistory
HPPHudson Pacific Properties, Inc.COM1,486$16.1K<0.1%+1,486NewHistory
DLOdLocal LtdCLASS A COM1,141$16.1K<0.1%−3,677−76.3%ReducedHistory
PSIXPower Solutions International, Inc.Stock283$16.2K<0.1%+283NewHistory
KLARKlarna Group plcStock560$16.2K<0.1%+560NewHistory
WEXWEX Inc.COM109$16.2K<0.1%+21+23.9%AddedHistory
MCYMercury General CorpCOM173$16.3K<0.1%−457−72.5%ReducedHistory
TPHTri Pointe Homes, Inc.COM518$16.3K<0.1%+436+531.7%AddedHistory
UHTUniversal Health Realty Income TrustSH BEN INT416$16.3K<0.1%+416NewHistory
ALSumisho Air Lease CorpCL A254$16.3K<0.1%+89+53.9%AddedHistory
TIGRUP Fintech Holding LtdSPONSORED ADS1,708$16.3K<0.1%−9,675−85.0%ReducedHistory
SHAKShake Shack Inc.CL A202$16.4K<0.1%−589−74.5%ReducedHistory
VRRMVerra Mobility CorpCL A COM STK732$16.4K<0.1%+724+9,050.0%AddedHistory
CLSKCleanspark, Inc.COM NEW1,622$16.4K<0.1%−161−9.0%ReducedHistory
INBKFirst Internet BancorpCOM789$16.5K<0.1%+789NewHistory
BBarrick Mining CorpStock380$16.5K<0.1%−1,962−83.8%ReducedHistory
ANETArista Networks, Inc.Stock127$16.6K<0.1%−102−44.5%ReducedHistory
SEICSEI Investments CoCOM203$16.6K<0.1%−238−54.0%ReducedHistory
ELFe.l.f. Beauty, Inc.COM219$16.7K<0.1%−635−74.4%ReducedHistory
AVPTAvePoint, Inc.COM CL A1,201$16.7K<0.1%−2,186−64.5%ReducedHistory
SHOEShoe Station Group IncCOM990$16.7K<0.1%+914+1,202.6%AddedHistory
ARMArm Holdings PLCADR153$16.7K<0.1%+153NewHistory
MATVMativ Holdings, Inc.COM1,379$16.8K<0.1%−500−26.6%ReducedHistory
APHAmphenol CorpCL A124$16.8K<0.1%−1,720−93.3%ReducedHistory
TRVTravelers Companies, Inc.Stock58$16.8K<0.1%+20+52.6%AddedHistory
PANLPangaea Logistics Solutions Ltd.SHS2,453$16.9K<0.1%−753−23.5%ReducedHistory
PRLBProto Labs IncCOM334$16.9K<0.1%+334NewHistory
UBERUber Technologies, IncStock207$16.9K<0.1%+26+14.4%AddedHistory
LEUCentrus Energy CorpStock70$17.0K<0.1%−933−93.0%ReducedHistory
Jena Acquisition Corp IIG5093B113RIGHT 03/31/2030100,000$17.0K<0.1%+100,000New–
CWCOConsolidated Water Co. Ltd.ORD482$17.0K<0.1%−640−57.0%ReducedHistory
IPInternational Paper CoCOM432$17.0K<0.1%+432NewHistory
KOCoca Cola CoStock244$17.1K<0.1%−5,415−95.7%ReducedHistory
SAFTSafety Insurance Group IncCOM219$17.1K<0.1%−4−1.8%ReducedHistory
JOUTJohnson Outdoors IncCL A402$17.1K<0.1%+402NewHistory
ZUMZZumiez IncCOM662$17.2K<0.1%−2,081−75.9%ReducedHistory
CMPCompass Minerals International IncStock880$17.3K<0.1%+651+284.3%AddedHistory
GSMFerroglobe PLCSHS3,738$17.3K<0.1%+3,738NewHistory
TDOCTeladoc Health, Inc.COM2,480$17.4K<0.1%+514+26.1%AddedHistory
iShares Global Clean Energy ETF464288224ETF1,060$17.4K<0.1%+1,060New–
PACSPACS Group, Inc.COM SHS455$17.5K<0.1%−1,933−80.9%ReducedHistory
BFSSaul Centers, Inc.COM554$17.5K<0.1%−51−8.4%ReducedHistory
PRDOPerdoceo Education CorpCOM597$17.5K<0.1%+571+2,196.2%AddedHistory
PJTPJT Partners Inc.COM CL A105$17.6K<0.1%+105NewHistory
CGNTCognyte Software Ltd.ORD SHS1,868$17.6K<0.1%−2,049−52.3%ReducedHistory
ECOOkeanis Eco Tankers Corp.SHS520$17.6K<0.1%−457−46.8%ReducedHistory
CFCF Industries Holdings, Inc.COM228$17.6K<0.1%−549−70.7%ReducedHistory
DRHDiamondRock Hospitality CoCOM1,970$17.7K<0.1%−1,004−33.8%ReducedHistory
J P Morgan Exchange Traded F46641Q225BETA CDA ETF NEW190$17.7K<0.1%+190New–
TRUPTrupanion, Inc.COM473$17.7K<0.1%+235+98.7%AddedHistory

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