Teramo Advisors, LLC
CIK 1904821 · Holdings on Sep 30, 2025 · First reported Nov 14, 2025
Top ten holdings
Q3 2025- SPY60.01%
- IVV36.30%
- RSP1.80%
- OPER1.08%
- GOOGL0.19%
- AAPL0.09%
- CNP0.08%
- PM0.08%
- FE0.08%
- EFX0.07%
Share classes counted separately99.78%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- IVVWeight increased · +12.54 pp23.76% → 36.30%Shares +45.50K (+43.33%)
- SPYWeight decreased · -10.93 pp70.94% → 60.01%Shares -65.00K (-20.63%)
- GOOGLWeight increased · +0.05 pp0.14% → 0.19%Shares 0 (0.00%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 13
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | SPYSS SPDR S&P 500 ETF TRUST-USTR UNIT View history and evidence | $166.54M | 60.01% | 250.00K shares | 70.94% → 60.01%-10.93 pp -65.00K (-20.63%) | Reduced | ↗▾ |
| 02 | IVVISHARES CORE S&P 500 ETFCORE S&P500 ETF View history and evidence | $100.73M | 36.30% | 150.50K shares | 23.76% → 36.30%+12.54 pp +45.50K (+43.33%) | Added | ↗▾ |
| 03 | RSPINVESCO S&P 500 EQUAL WEIGHTS&P500 EQL WGT View history and evidence | $4.99M | 1.80% | 26.30K shares | Prior unavailable +26.30K | New | ↗▾ |
| 04 | OPERCLEARSHARES ULTRA-SHORT MATUCLEARSHS ULTRA View history and evidence | $3.00M | 1.08% | 30.00K shares | 1.10% → 1.08%-0.02 pp 0 (0.00%) | Unchanged | ↗▾ |
| 05 | GOOGLALPHABET INC-CL ACAP STK CL A View history and evidence | $539.68K | 0.19% | 2.22K shares | 0.14% → 0.19%+0.05 pp 0 (0.00%) | Unchanged | ↗▾ |
| 06 | AAPLAPPLE INC View history and evidence | $246.28K | 0.09% | 967 shares | Prior unavailable +967 | New | ↗▾ |
| 07 | CNPCENTERPOINT ENERGY INC View history and evidence | $221.55K | 0.08% | 5.71K shares | 0.08% → 0.08%+0.00 pp 0 (0.00%) | Unchanged | ↗▾ |
| 08 | PMPHILIP MORRIS INTERNATIONAL View history and evidence | $220.59K | 0.08% | 1.36K shares | 0.09% → 0.08%-0.01 pp 0 (0.00%) | Unchanged | ↗▾ |
| 09 | FEFIRSTENERGY CORP View history and evidence | $219.94K | 0.08% | 4.80K shares | Prior unavailable +4.80K | New | ↗▾ |
| 10 | EFXEQUIFAX INC View history and evidence | $203.69K | 0.07% | 794 shares | 0.08% → 0.07%-0.01 pp 0 (0.00%) | Unchanged | ↗▾ |
Options overlay 1
$89.93M notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
SPYSS SPDR S&P 500 ETF TRUST-USTR UNIT View history and evidence | Put | 135.00K | $89.93M | +10.00K (+8.00%) | ▾ |
1 / 1 options · preview only
Exited positions 12
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| RYN RAYONIER INC | Non-derivative | -175,720 | -$3.90M | SEC filing ↗ | SEC filing ↗ |
| PL PLANET LABS PBC | Non-derivative | -500,700 | -$3.05M | SEC filing ↗ | SEC filing ↗ |
| META META PLATFORMS INC-CLASS A | Non-derivative | -600 | -$442.85K | SEC filing ↗ | SEC filing ↗ |
3 / 12 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1904821 · Period 2025-09-30
Data loaded 2026-09-23 · First reported 2025-11-14
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 367454226
}Take these holdings further.
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