SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Whetstone Capital Advisors, LLC

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

Reported Value
$226,326
Q1 2025
Positions
28
Filings on Record
30
2019–present window
Filed
May 14, 2025
original filing

Summary

Whetstone Capital Advisors, LLC reported $226,326 in U.S.-listed holdings across 28 positions for Q1 2025.

Its largest position, NET, represents 15.8% of the portfolio.

Compared with Q4 2024, the fund opened 10 new positions and exited 12.

Portfolio Metrics

Turnover
+17.2%
vs prior filed quarter
Top-10 Concentration
+73.4%
share of reported value
Largest Position
+15.8%
Cloudflare
New / Exited
10 / 12
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: 91.2%Other: 8.6%REIT: 0.2%
  • Common Stock · 91.2% · $206,495
  • Other · 8.6% · $19,484
  • REIT · 0.2% · $347

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HCATHEALTH CATALYST INCNEW+1.71M1.71M+$7,724$7,724
FIVNFIVE9 INCNEW+202.2K202.2K+$5,489$5,489
ZETAZETA GLOBAL HOLDINGS CORPNEW+371.0K371.0K+$5,030$5,030
VYXNCR VOYIX CORPORATIONNEW+507.0K507.0K+$4,943$4,943
UISUNISYS CORPNEW+618.0K618.0K+$2,836$2,836
DHDEFINITIVE HEALTHCARE CORPNEW+869.3K869.3K+$2,512$2,512
DSPVIANT TECHNOLOGY INCNEW+118.6K118.6K+$1,472$1,472
LAWCS DISCO INCNEW+186.0K186.0K+$761$761

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

Holdings — Q1 2025

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NETCLOUDFLARE INChistory →CL A COM15.78%$35,718317.0K
2DAVEDAVE INChistory →CLASS A COM NEW10.34%$23,394283.0K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A9.12%$20,640132.1K
4MONDAY COM LTDSHS8.52%$19,27579.3K
5AMZNAMAZON COM INChistory →COM7.84%$17,74093.2K
6OPRXOPTIMIZERX CORPhistory →COM NEW5.77%$13,0621.51M
7TOSTTOAST INChistory →CL A4.91%$11,111335.0K
8OKTAOKTA INChistory →CL A4.17%$9,43389.6K
9THRYTHRYV HLDGS INChistory →COM NEW3.69%$8,362652.7K
10HCATHEALTH CATALYST INChistory →COM3.41%$7,7241.71M
11PROPROS HOLDINGS INChistory →COM3.33%$7,539396.2K
12RELYREMITLY GLOBAL INChistory →COM2.86%$6,477311.4K
13ASANASANA INChistory →CL A2.46%$5,562381.7K
14GTLBGITLAB INChistory →CLASS A COM2.45%$5,534117.7K
15FIVNFIVE9 INChistory →COM2.43%$5,489202.2K
16DKNGDRAFTKINGS INC NEWhistory →COM CL A2.33%$5,276158.9K
17ZETAZETA GLOBAL HOLDINGS CORPhistory →CL A2.22%$5,030371.0K
18VYXNCR VOYIX CORPORATIONhistory →COM2.18%$4,943507.0K
19BLZEBACKBLAZE INChistory →COM CL A1.49%$3,367697.1K
20UISUNISYS CORPhistory →COM NEW1.25%$2,836618.0K
21BODITHE BEACHBODY COMPANY INChistory →COM CL A NEW1.11%$2,513335.6K
22DHDEFINITIVE HEALTHCARE CORPhistory →CLASS A COM1.11%$2,512869.3K
23DSPVIANT TECHNOLOGY INCCOM CL A0.65%$1,472118.6K
24LAWCS DISCO INCCOM0.34%$761186.0K
25FORGE GLOBAL HOLDINGS INCCOM0.09%$209371.0K
26OUTOUTFRONT MEDIA INCCOM NEW0.08%$17510.8K
27KREFKKR REAL ESTATE FIN TR INCCOM0.08%$17216.0K

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 ↗.