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Hedge fund

Ghisallo Capital Management LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1825214

Reported value
$4.2bn
85% in companies we cover
Positions we cover
187
Largest SPCX 22.9%
Copy, a year
−2.7%
S&P 500 +13.8%
Copy Sharpe ratio
−0.11
S&P 500 0.68

How copying its 13F would have done

$5.0k$10.0k$20.0k 202120222023202420252026 $20.9k$8.6k
CopyS&P 500 $10,000 copying Ghisallo Capital Management LLC's filed holdings in companies we cover from February 19, 2021, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −53.4% (S&P 500 −23.9%); beta 1.26; alpha −16.3% a year (t = −2.33); last 12 months −8.6% against +12.1%.

Reported value by quarter

Ghisallo Capital Management LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $200B $400B $600B Reported value, 2020-12-31: $114.9M Reported value, 2021-03-31: $1.6B Reported value, 2021-06-30: $2.6B Reported value, 2021-09-30: $2.6B Reported value, 2021-12-31: $2B Reported value, 2022-03-31: $922.6M Reported value, 2022-06-30: $810.2M Reported value, 2022-09-30: $749.2M Reported value, 2022-12-31: $561.7B Reported value, 2023-03-31: $416.2M Reported value, 2023-06-30: $837.7M Reported value, 2023-09-30: $978.5M Reported value, 2023-12-31: $946.7M Reported value, 2024-03-31: $809.6M Reported value, 2024-06-30: $1.2B Reported value, 2024-09-30: $1.9B Reported value, 2024-12-31: $1.7B Reported value, 2025-03-31: $1.1B Reported value, 2025-06-30: $3.7B Reported value, 2025-09-30: $3.1B Reported value, 2025-12-31: $2.2B Reported value, 2026-03-31: $3.6B Reported value, 2026-06-30: $4.2B 2020-12-31 2022-03-31 2023-06-30 2024-09-30 2026-06-30 $4.2B
View chart data
Period Reported value
2020-12-31 $114.9M
2021-03-31 $1.6B
2021-06-30 $2.6B
2021-09-30 $2.6B
2021-12-31 $2B
2022-03-31 $922.6M
2022-06-30 $810.2M
2022-09-30 $749.2M
2022-12-31 $561.7B
2023-03-31 $416.2M
2023-06-30 $837.7M
2023-09-30 $978.5M
2023-12-31 $946.7M
2024-03-31 $809.6M
2024-06-30 $1.2B
2024-09-30 $1.9B
2024-12-31 $1.7B
2025-03-31 $1.1B
2025-06-30 $3.7B
2025-09-30 $3.1B
2025-12-31 $2.2B
2026-03-31 $3.6B
2026-06-30 $4.2B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
SPCXSpace Exploration Technologies Corp22.95%$970.2m5.68MNew
DLRDigital Realty5.09%$215.2m1.20MNew
GOOGLAlphabet Inc. (Class A)3.38%$142.9m400.0KNew
SMCISupermicro3.03%$128.0m4.37MNew
MDLNMedline Inc.2.80%$118.3m3.00M−34.0% Reduced
NBISNebius Group N.V.2.61%$110.5m400.0K−30.4% Reduced
XPEVXpeng Inc.2.35%$99.3m7.50M0.0%
AURAurora Innovation, Inc.1.92%$81.2m11.91MNew
AEPAmerican Electric Power1.62%$68.4m500.0KNew
FPSForgent Power Solutions, Inc.1.55%$65.6m1.18M−36.5% Reduced
DLTRDollar Tree1.43%$60.5m500.0KNew
CBRSCerebras Systems Inc.1.41%$59.7m270.0KNew
JCIJohnson Controls1.38%$58.4m400.0K−27.3% Reduced
ORCLOracle Corporation1.21%$51.3m350.0K−23.4% Reduced
BIDUBaidu, Inc.1.08%$45.7m400.0KNew
FANGDiamondback Energy1.04%$43.9m250.0K+150.0% Added
LGNLegence Corp.1.01%$42.6m500.0K0.0%
VSHVishay Intertechnology Inc0.95%$40.3m750.0KNew
INIOInnio N.V.0.94%$39.5m1.00MNew
TTTrane Technologies0.87%$36.8m75.0K−57.1% Reduced
JANJanus Living, Inc.0.75%$31.6m1.10M+46.7% Added
MAIRMadison Air Solutions Corp0.74%$31.2m800.0KNew
MLYSMineralys Therapeutics, Inc.0.72%$30.4m1.13MNew
LEGNLegend Biotech Corp0.68%$28.9m1.00MNew
ULSUL Solutions Inc.0.60%$25.5m250.0K−50.0% Reduced
ARXSArxis, Inc.0.55%$23.1m500.0KNew
ETREntergy0.54%$23.0m200.0KNew
GDSGDS Holdings Ltd0.53%$22.5m750.0K0.0%
AHRAmerican Healthcare Reit, Inc.0.49%$20.9m400.0K+166.7% Added
ASAmer Sports, Inc.0.48%$20.3m600.0K−50.0% Reduced
NTLAIntellia Therapeutics, Inc.0.48%$20.3m1.20MNew
MIAXMiami International Holdings, Inc.0.44%$18.6m500.0K−50.0% Reduced
SAROStandardaero, Inc.0.42%$17.9m600.0K−50.0% Reduced
NIONIO Inc.0.42%$17.7m3.50M−12.5% Reduced
GEVGE Vernova0.42%$17.6m15.0K−62.5% Reduced
QXOQXO, Inc.0.41%$17.3m1.00M0.0%
SXTSensient Technologies Corp0.41%$17.3m140.0KNew
MWHSolv Energy, Inc.0.40%$17.0m500.0K+150.0% Added
MACMacerich Co0.40%$17.0m673.6KNew
QNTQuantinuum Inc.0.39%$16.3m200.0KNew
ALHAlliance Laundry Holdings Inc.0.38%$15.9m600.0K0.0%
CDNLCardinal Infrastructure Group Inc.0.37%$15.8m167.3K+67.3% Added
DOCNDigitalocean Holdings, Inc.0.37%$15.7m100.0K−73.7% Reduced
KGSKodiak Gas Services, Inc.0.35%$15.0m200.0K−60.0% Reduced
DPCDPC Holdings PLC0.35%$14.7m300.0KNew
FLYFirefly Aerospace Inc.0.35%$14.7m500.0K+212.5% Added
FRVOFervo Energy Co0.35%$14.6m500.0KNew
CYTKCytokinetics Inc0.34%$14.5m170.0KNew
HTZHertz Global Holdings, Inc0.31%$13.0m5.74MNew
TBBBBBB Foods Inc0.30%$12.8m307.6K+207.6% Added
ROLRollins, Inc.0.30%$12.5m300.0K−60.0% Reduced
WULFTerawulf Inc.0.29%$12.3m500.0KNew
VSECVSE Corp0.27%$11.4m50.0K−66.7% Reduced
NSCNorfolk Southern0.27%$11.3m36.0K−30.8% Reduced
USARUSA Rare Earth, Inc.0.26%$10.8m500.0K0.0%
PONYPony AI Inc.0.25%$10.4m1.50MNew
INGMIngram Micro Holding Corp0.24%$10.3m375.0K+166.9% Added
ALOYRealloys Inc.0.24%$10.1m701.8KNew
NTWONewbury Street II Acquisition Corp0.24%$10.1m950.0K0.0%
KRMNKarman Holdings Inc.0.24%$10.0m200.0K−11.1% Reduced
KTOSKratos Defense & Security Solutions, Inc.0.24%$10.0m200.0K−66.7% Reduced
CRWVCoreweave, Inc.0.23%$10.0m100.0K0.0%
CAVACAVA Group, Inc.0.23%$9.8m125.0KNew
NOVTNovanta Inc0.23%$9.7m60.0KNew
PTRNPattern Group Inc.0.23%$9.6m380.0K+90.0% Added
RVMDRevolution Medicines, Inc.0.22%$9.4m50.0KNew
VNOMViper Energy, Inc.0.20%$8.5m200.0K−50.0% Reduced
BKVBKV Corp0.19%$8.2m300.0K−53.8% Reduced
AVEXAevex Corp.0.19%$8.1m389.5KNew
LOARLoar Holdings Inc.0.19%$8.1m100.0K−50.0% Reduced
LBLandbridge Corp0.19%$7.9m100.0K0.0%
ANDGAndersen Group Inc.0.18%$7.5m200.0K0.0%
XEX-energy, Inc.0.17%$7.3m400.0KNew
AVAHAveanna Healthcare Holdings, Inc.0.17%$7.3m900.0KNew
TTANServicetitan, Inc.0.17%$7.1m100.0K−50.0% Reduced
EQPTEquipmentshare.com Inc0.16%$6.9m350.0K0.0%
WBIWaterbridge Infrastructure LLC0.16%$6.9m200.0K−33.3% Reduced
GLXYGalaxy Digital Inc.0.16%$6.8m250.0K−50.0% Reduced
AMBQAmbiq Micro, Inc.0.16%$6.6m75.0K+275.0% Added
ALLOAllogene Therapeutics, Inc.0.15%$6.2m3.00MNew
AAMIAcadian Asset Management Inc.0.14%$6.1m85.4KNew
ABVXAbivax S.a.0.14%$6.0m48.0KNew
LCLNLincoln International, Inc.0.14%$6.0m250.0KNew
NHPNational Healthcare Properties, Inc.0.14%$5.9m400.0KNew
KODKodiak Sciences Inc.0.14%$5.8m150.0KNew
EROCErock, Inc.0.14%$5.8m400.0KNew
CELCCelcuity Inc.0.14%$5.8m55.0KNew
MPMP Materials Corp. / DE0.13%$5.6m100.0K0.0%
HAWKHawkeye 360, Inc.0.13%$5.6m275.0KNew
SRRKScholar Rock Holding Corp0.13%$5.5m100.0KNew
VERAVera Therapeutics, Inc.0.13%$5.4m125.0KNew
AADXApplied Aerospace & Defense, Inc.0.12%$5.1m225.0KNew
SMMTSummit Therapeutics Inc.0.12%$5.1m350.0KNew
RAREUltragenyx Pharmaceutical Inc.0.12%$5.0m150.0KNew
EYPTEyepoint, Inc.0.12%$5.0m350.0KNew
CURBCurbline Properties Corp.0.12%$4.9m162.1KNew
YSSYork Space Systems Inc.0.12%$4.9m200.0K−51.0% Reduced
ARWRArrowhead Pharmaceuticals, Inc.0.12%$4.9m60.0KNew
KPTIKaryopharm Therapeutics Inc.0.12%$4.9m500.0KNew
ORKAOruka Therapeutics, Inc.0.11%$4.8m50.0KNew
BOBSBob's Discount Furniture, Inc.0.11%$4.7m300.0K0.0%
TNGXTango Therapeutics, Inc.0.11%$4.7m150.0KNew
QUREUniqure N.V.0.11%$4.6m100.0KNew
FWDIForward Industries, Inc.0.10%$4.2m1.01M0.0%
ALMRAlamar Biosciences, Inc.0.10%$4.1m150.0KNew
ELMTElmet Group Co.0.09%$3.9m200.0KNew
PORPortland General Electric Co0.09%$3.9m75.0K−50.0% Reduced
CTRICenturi Holdings, Inc.0.09%$3.8m125.0K−50.0% Reduced
LFTOLiftoff Mobile, Inc.0.09%$3.6m150.0KNew
VELOVelo3d, Inc.0.08%$3.5m200.0KNew
TSHATaysha Gene Therapies, Inc.0.08%$3.4m505.0KNew
TBNTamboran Resources Corp0.08%$3.3m100.0KNew
GMRSGMR Solutions Inc.0.07%$3.1m200.0KNew
FIGRFigure Technology Solutions, Inc.0.07%$3.1m100.0K−50.0% Reduced
YSWYYesway, Inc.0.07%$3.0m150.0KNew
CBCCentral Bancompany, Inc.0.07%$3.0m100.0K−54.5% Reduced
MMEDMinimed Group, Inc.0.07%$3.0m200.0K−20.0% Reduced
FTWPresidio Production Co0.07%$3.0m243.7K−80.7% Reduced
KDKKodiak AI, Inc.0.07%$2.9m571.1KNew
ALMSAlumis Inc.0.07%$2.8m100.0K0.0%
MGTXMeiragtx Holdings plc0.06%$2.7m200.0KNew
AEROGrupo Aeromexico, S.a.b. De C.v.0.06%$2.7m150.0K−33.3% Reduced
SYRESpyre Therapeutics, Inc.0.06%$2.7m30.0KNew
DNLIDenali Therapeutics Inc.0.06%$2.6m100.0K0.0%
HMHHMH Holding Inc0.06%$2.3m125.0KNew
EROKEaglerock Land, LLC0.06%$2.3m110.0KNew
AVLNAvalyn Pharma Inc.0.06%$2.3m70.0KNew
ALTAltimmune, Inc.0.05%$2.3m750.0KNew
NKTRNektar Therapeutics0.05%$2.2m32.0KNew
LINELineage, Inc.0.05%$2.2m50.0K−50.0% Reduced
GRDNGuardian Pharmacy Services, Inc.0.05%$2.1m50.0K−60.0% Reduced
WHKWhitehawk Minerals Corp.0.05%$2.1m75.0KNew
NGENNervgen Pharma Corp.0.05%$2.1m1.00MNew
WAYWaystar Holding Corp.0.05%$2.1m100.0K−71.4% Reduced
OFRMOnce Upon A Farm, PBC0.05%$2.0m100.0K0.0%
SSACSpacsphere Acquisition Corp.0.05%$2.0m200.0KNew
DFTXDefinium Therapeutics, Inc.0.05%$2.0m41.5KNew
MLTXMoonlake Immunotherapeutics0.05%$1.9m100.0KNew
SLDESlide Insurance Holdings, Inc.0.05%$1.9m100.0K−75.0% Reduced
KMTSKestra Medical Technologies, LTD.0.04%$1.9m75.0K0.0%
IDYAIdeaya Biosciences, Inc.0.04%$1.9m50.0KNew
FIGFigma, Inc.0.04%$1.8m100.0K−50.0% Reduced
CAICaris Life Sciences, Inc.0.04%$1.8m100.0K−60.0% Reduced
BETABeta Technologies, Inc.0.04%$1.7m100.0K−60.0% Reduced
MOBIMobia Medical, Inc.0.04%$1.7m125.0KNew
PRAXPraxis Precision Medicines, Inc.0.04%$1.7m5.0K0.0%
KLRAKailera Therapeutics, Inc.0.04%$1.7m75.0KNew
VOYGVoyager Technologies, Inc.0.04%$1.6m50.0K−33.3% Reduced
COAGHemab Therapeutics Holdings, Inc.0.04%$1.5m40.0KNew
HTFLHeartflow, Inc.0.04%$1.5m50.0K0.0%
CompanyBought (value)Shares
SPCXSpace Exploration Technologies Corp$970.2m5.68M
DLRDigital Realty$215.2m1.20M
GOOGLAlphabet Inc. (Class A)$142.9m400.0K
SMCISupermicro$128.0m4.37M
AURAurora Innovation, Inc.$81.2m11.91M
AEPAmerican Electric Power$68.4m500.0K
DLTRDollar Tree$60.5m500.0K
CBRSCerebras Systems Inc.$59.7m270.0K
BIDUBaidu, Inc.$45.7m400.0K
VSHVishay Intertechnology Inc$40.3m750.0K
INIOInnio N.V.$39.5m1.00M
MAIRMadison Air Solutions Corp$31.2m800.0K
MLYSMineralys Therapeutics, Inc.$30.4m1.13M
LEGNLegend Biotech Corp$28.9m1.00M
FANGDiamondback Energy$26.4m150.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
TSLATesla, Inc.−$102.2m−275.0K
NVDANVIDIA Corporation−$95.9m−550.0K
MSFTMicrosoft Corporation−$92.5m−250.0K
GFSGlobalfoundries Inc.−$80.1m−1.80M
MDLNMedline Inc.−$61.0m−1.55M
TTTrane Technologies−$49.1m−100.0K
NBISNebius Group N.V.−$48.3m−175.0K
DOCNDigitalocean Holdings, Inc.−$44.0m−280.0K
FPSForgent Power Solutions, Inc.−$37.7m−675.0K
GEVGE Vernova−$29.4m−25.0K
LXULSB Industries, Inc.−$28.3m−1.90M
LARLithium Argentina AG−$26.2m−3.92M
ZMZoom Communications, Inc.−$26.1m−325.0K
JOBYJoby Aviation, Inc.−$25.9m−3.13M
ULSUL Solutions Inc.−$25.5m−250.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
TSLATesla, Inc.$102.2m275.0K
NVDANVIDIA Corporation$95.9m550.0K
MSFTMicrosoft Corporation$92.5m250.0K
GFSGlobalfoundries Inc.$80.1m1.80M
LXULSB Industries, Inc.$28.3m1.90M
LARLithium Argentina AG$26.2m3.92M
ZMZoom Communications, Inc.$26.1m325.0K
JOBYJoby Aviation, Inc.$25.9m3.13M
HEIHeico Corp$24.7m90.0K
IONQIonQ, Inc.$21.6m750.0K
RDDTReddit, Inc.$20.2m150.0K
VIPSVipshop Holdings Ltd$15.7m1000.0K
SYMSymbotic Inc.$13.3m250.0K
BEBloom Energy$12.2m90.0K
HSAIHesai Group$11.5m600.0K
VNETVnet Group, Inc.$10.5m1.25M
KOSKosmos Energy Ltd.$10.2m3.67M
APPApplovin Corp$9.9m25.0K
LASRNlight, Inc.$7.1m125.0K
HTOH2o America$5.9m100.0K
WHRWhirlpool Corp$5.4m100.0K
RZLVRezolve AI PLC$5.1m2.00M
OKLOOklo Inc.$5.0m100.0K
CRCLCircle Internet Group, Inc.$4.8m50.0K
ATATAtour Lifestyle Holdings Ltd$3.7m100.0K
KMTKennametal Inc$3.6m100.0K
KCKingsoft Cloud Holdings Ltd$3.3m250.0K
NVGSNavigator Holdings Ltd.$2.9m150.0K
HNGEHinge Health, Inc.$2.9m75.0K
VICIVici Properties$2.7m100.0K
  • Industrials44.0%
  • Technology16.9%
  • Health Care10.2%
  • Real Estate8.3%
  • Communication Services5.3%
  • Consumer Discretionary4.5%
  • Utilities3.1%
  • Energy2.8%
  • Consumer Staples2.2%
  • Financials1.4%
  • Materials1.3%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 19, 2021 to November 2, 2026−2.7%+13.8%−0.110.68−53.4%1.26
Last three yearsNovember 3, 2023 to November 2, 2026+12.9%+21.8%0.471.16−21.2%1.16
Last yearNovember 7, 2025 to November 2, 2026−5.7%+14.2%−0.290.84−21.2%1.48

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.