SEC 13F Intelligence

Managers / Q1 2026

Whetstone Capital Advisors, LLC

CIK 0001607278 · 2001 SHAWNEE MISSION PARKWAY, SHAWNEE MISSION, KS, 66205 · 913-951-2700

Reported Value
$288M
Q1 2026
Positions
56
Filings on Record
30
2019–present window
Filed
May 15, 2026
original filing

Summary

Whetstone Capital Advisors, LLC reported $288M in U.S.-listed holdings across 56 positions for Q1 2026.

The portfolio is heavily concentrated: NET alone accounts for 21.0% of reported value.

Compared with Q4 2025, the fund opened 10 new positions and exited 10.

Portfolio Metrics

Turnover
+21.4%
vs prior filed quarter
Top-10 Concentration
+69.5%
share of reported value
Largest Position
+21.0%
Cloudflare
New / Exited
10 / 10
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $173MQ4 ’18Q1 ’19: $247MQ2 ’19: $324MQ3 ’19: $372MQ4 ’19: $326MQ4 ’19Q1 ’20: $291MQ2 ’20: $475MQ3 ’20: $540MQ4 ’20: $484MQ4 ’20Q1 ’21: $474MQ2 ’21: $538MQ3 ’21: $572MQ4 ’21: $488MQ4 ’21Q1 ’22: $296MQ2 ’22: $171MQ3 ’22: $162MQ1 ’23: $155,129Q1 ’23Q2 ’23: $179,209Q3 ’23: $180,794Q4 ’23: $198,848Q1 ’24: $228,442Q1 ’24Q2 ’24: $215,470Q3 ’24: $207,505Q4 ’24: $310,224Q1 ’25: $226,326Q1 ’25Q3 ’25: $361MQ4 ’25: $321MQ1 ’26: $288Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.4%Other: 5.1%ADR: 0.3%REIT: 0.2%
  • Common Stock · 94.4% · $272M
  • Other · 5.1% · $15M
  • ADR · 0.3% · $762,679
  • REIT · 0.2% · $480,917

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PHRPHREESIA INCNEW+953.9K953.9K+$8M$8M
KLARNA GROUP PLCNEW+509.9K509.9K+$7M$7M
WLTHWEALTHFRONT CORPNEW+546.4K546.4K+$5M$5M
COINCOINBASE GLOBAL INCNEW+25.3K25.3K+$4M$4M
ETORO GROUP LTDNEW+139.1K139.1K+$4M$4M
HOODROBINHOOD MKTS INCNEW+50.3K50.3K+$3M$3M
PAGAYA TECHNOLOGIES LTDNEW+296.0K296.0K+$3M$3M
MRDNMERIDIAN HOLDINGS INCNEW+63.3K63.3K+$457,163$457,163

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NETCLOUDFLARE INChistory →CL A COM20.97%$60M293.0K
2DAVEDAVE INChistory →CLASS A COM NEW13.53%$39M224.2K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A11.92%$34M119.8K
4AMZNAMAZON COM INChistory →COM6.72%$19M93.1K
5OPRXOPTIMIZERX CORPhistory →COM NEW3.28%$9M1.51M
6TOSTTOAST INChistory →CL A3.09%$9M336.0K
7PHRPHREESIA INChistory →COM2.77%$8M953.9K
8XYZBLOCK INChistory →CL A2.58%$7M123.8K
9RPAYREPAY HLDGS CORPhistory →COM CL A2.43%$7M2.69M
10SERASERA PROGNOSTICS INChistory →CLASS A COM2.33%$7M3.31M
11KLARNA GROUP PLCSHS2.31%$7M509.9K
12XZOEXZEO GROUP INChistory →COM SHS2.09%$6M411.4K
13HCATHEALTH CATALYST INChistory →COM1.88%$5M4.27M
14BLZEBACKBLAZE INChistory →COM CL A1.82%$5M1.52M
15WLTHWEALTHFRONT CORPhistory →COM1.75%$5M546.4K
16LPROOPEN LENDING CORPhistory →COM1.65%$5M3.80M
17COINCOINBASE GLOBAL INChistory →COM CL A1.53%$4M25.3K
18ETORO GROUP LTDSHS CL A1.45%$4M139.1K
19REAXTHE REAL BROKERAGE INChistory →COM NEW1.43%$4M1.65M
20HOODROBINHOOD MKTS INChistory →COM CL A1.21%$3M50.3K
21PAGAYA TECHNOLOGIES LTDCL A NEW1.20%$3M296.0K
22ASANASANA INCCL A0.85%$2M381.7K
23LFMDLIFEMD INCCOM0.45%$1M360.3K
24BODITHE BEACHBODY COMPANY INCCOM CL A NEW0.38%$1M102.2K
25MRDNMERIDIAN HOLDINGS INCCOM0.16%$457,16363.3K
26LYONDELLBASELL INDUSTRIES NVSHS - A -0.10%$285,7463.5K
27SNYSANOFI SASPONSORED ADR0.10%$278,1915.8K
28PSXPHILLIPS 66COM0.09%$267,6221.5K
29GSKGSK PLCSPONSORED ADR0.09%$262,7044.8K
30BXBLACKSTONE INCCOM0.09%$262,6372.3K
31JNJJOHNSON & JOHNSONCOM0.09%$261,5511.1K
32APOAPOLLO GLOBAL MGMT INCCOM0.09%$260,6112.3K
33BAHBOOZ ALLEN HAMILTON HLDG CORCL A0.09%$258,0453.3K
34CGCARLYLE GROUP INCCOM0.09%$257,0485.3K
35CITHE CIGNA GROUPCOM0.09%$256,880963
36NEENEXTERA ENERGY INCCOM0.09%$255,0482.7K
37OWLBLUE OWL CAPITAL INCCOM CL A0.09%$254,54427.9K
38BAMBROOKFIELD ASSET MANAGMT LTDCL A LMT VTG SHS0.09%$254,2985.7K
39CRCCANADIAN NAT RES LTD MED TERCOM0.09%$253,4455.2K
40QSRRESTAURANT BRANDS INTL INCCOM0.09%$250,0043.4K
41MOALTRIA GROUP INCCOM0.09%$249,9043.8K
42MEDTRONIC PLCSHS0.09%$249,0322.9K
43MMM3M COCOM0.09%$248,6341.7K
44OUTOUTFRONT MEDIA INCCOM NEW0.09%$247,6969.3K
45KVUEKENVUE INCCOM0.09%$246,99714.3K
46SMGSCOTTS MIRACLE-GRO COCL A0.09%$246,6454.1K
47WSOWATSCO INCCOM0.08%$243,012668

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$288M56May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$321M54Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$361M56Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025Under review32Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$226,32628May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$310,22430Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$207,50537Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$215,47038Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$228,44231May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$198,84830Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$180,79435Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$179,20937Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$155,12938May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review32Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$162M24Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$171M22Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$296M24May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$488M26Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$572M29Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$538M26Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$474M30May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$484M26Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$540M31Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$475M34Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$291M29May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$326M23Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$372M24Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$324M23Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$247M18May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$173M17Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.