SEC 13F Intelligence

Managers / Q4 2025 · view latest →

FNY Investment Advisers, LLC

CIK 0001742998 · 1540 BROADWAY, SUITE 1600, NEW YORK, NY, 10036 · 2123316461

Reported Value
$354M
Q4 2025
Positions
992
Filings on Record
32
2019–present window
Filed
Jan 16, 2026
original filing

Summary

Fny Investment Advisers, LLC reported $354M in U.S.-listed holdings across 992 positions for Q4 2025.

Its largest position, CDTX, represents 9.1% of the portfolio.

Compared with Q2 2025, the fund opened 452 new positions and exited 535.

Portfolio Metrics

Turnover
+55.3%
vs prior filed quarter
Top-10 Concentration
+31.7%
share of reported value
Largest Position
+9.1%
Cidara Therapeutics Ord
New / Exited
452 / 535
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: $286MQ4 ’18Q1 ’19: $292MQ2 ’19: $339MQ3 ’19: $327MQ4 ’19: $323MQ4 ’19Q1 ’20: $131MQ2 ’20: $172MQ3 ’20: $237MQ4 ’20: $367MQ4 ’20Q1 ’21: $268MQ2 ’21: $251MQ3 ’21: $215MQ4 ’21: $187MQ4 ’21Q1 ’22: $106MQ2 ’22: $136MQ3 ’22: $144MQ1 ’23: $87MQ1 ’23Q2 ’23: $79MQ3 ’23: $168MQ4 ’23: $90MQ1 ’24: $166MQ1 ’24Q2 ’24: $149MQ3 ’24: $208MQ4 ’24: $193MQ1 ’25: $164MQ1 ’25Q2 ’25: $236MQ4 ’25: $354MQ1 ’26: $229MQ2 ’26: $278MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 67.0%Other: 13.3%ETP: 12.5%ADR: 4.0%REIT: 1.6%Other: 1.6%
  • Common Stock · 67.0% · $237M
  • Other · 13.3% · $47M
  • ETP · 12.5% · $44M
  • ADR · 4.0% · $14M
  • REIT · 1.6% · $6M
  • Other · 1.6% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
CDTXCIDARA THERAPEUTICS ORDNEW+145.5K145.5K+$32M$32M
BMOBANK OF MONTREAL ORDNEW+104.2K104.2K+$14M$14M
SILJAMPLIFY JUNIOR SILVER MINERS ETFNEW+386.5K386.5K+$11M$11M
COPXGLOBAL X COPPER MINERS ETFNEW+134.8K134.8K+$10M$10M
MPWRMONOLITHIC POWER SYSTEMS ORDNEW+10.5K10.5K+$10M$10M
PMPHILIP MORRIS INTERNATIONAL ORDNEW+27.4K27.4K+$4M$4M
INFLECTION POINT ACQUSTN IV CL A ORDNEW+384.0K384.0K+$4M$4M
DEDEERE ORDNEW+8.6K8.6K+$4M$4M

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

Holdings — Q4 2025

486 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CDTXCIDARA THERAPEUTICS ORDhistory →COM9.07%$32M145.5K
2BMOBANK OF MONTREAL ORDhistory →COM3.82%$14M104.2K
3UNHUNITEDHEALTH GRP ORDhistory →COM3.02%$11M32.4K
4SILJAMPLIFY JUNIOR SILVER MINERS ETFhistory →COM3.01%$11M385.1K
5COPXGLOBAL X COPPER MINERS ETFhistory →COM2.72%$10M134.3K
6MPWRMONOLITHIC POWER SYSTEMS ORDhistory →COM2.69%$10M10.5K
7MSMORGAN STANLEY ORDhistory →COM2.12%$8M42.4K
8CODERE ONLINE LUXEMBOURG ORDCOM1.93%$7M851.2K
9NVDANVIDIA ORDhistory →COM1.78%$6M33.9K
10GDXVANECK GOLD MINERS ETFhistory →COM1.57%$6M64.8K
11PMPHILIP MORRIS INTERNATIONAL ORDhistory →COM1.24%$4M27.4K
12INFLECTION POINT ACQUSTN IV CL A ORDCOM1.16%$4M384.0K
13DEDEERE ORDhistory →COM1.13%$4M8.6K
14FUTURECREST ACQUISITION UNTCOM1.09%$4M377.2K
15NSCNORFOLK SOUTHERN ORDhistory →COM1.06%$4M13.0K
16AVIDITY BIOSCIENCES ORDCOM1.04%$4M51.0K
17KVUEKENVUE ORDhistory →COM1.02%$4M209.7K
18CPPTLCOPPER PPTY CTL PASS THRU ORDCOM0.97%$3M306.0K
19CHURCHILL CAPITAL X CL A ORDCOM0.93%$3M212.1K
20FDRL NTNL MRTGG ASCTN SRS O PRFCOM0.92%$3M122.2K
21WILLOW LANE ACQUISITION CL A ORDCOM0.89%$3M250.8K
22PNFPPINNACLE FINANCIAL PARTNERS ORDCOM0.84%$3M31.3K
23EXKEXACT SCIENCES ORDCOM0.82%$3M28.5K
24AZNASTRAZENECA CVRCOM0.78%$3M200
25CSCOCISCO SYSTEMS ORDCOM0.72%$3M33.2K
26AMZNAMAZON COM ORDCOM0.71%$3M10.9K
27TSMTAIWAN SEMICONDUCTOR MNFTG ADR 5 ORDSPONSORED ADR0.70%$2M8.2K
28BABOEING ORDCOM0.69%$2M11.3K
29GOOGLALPHABET CL A ORDCOM0.67%$2M7.6K
30ALLALLSTATE ORDCOM0.66%$2M11.3K
31ECHOECHOSTAR CL A ORDCOM0.65%$2M21.0K
32ZIMZIM INTEGRATED SHIPPING SERVICES ORDCOM0.63%$2M105.9K
33GNSSGENASYS ORDCOM0.63%$2M1.03M
34CANTOR EQUITY PARTNERS II CL A ORDCOM0.62%$2M193.9K
35CYBERARK SOFTWARE LTDCOM0.62%$2M4.9K
36NUENUCOR ORDCOM0.56%$2M12.2K
37PROCAP ACQUISITION CL A ORDCOM0.53%$2M186.4K
38AVGOBROADCOM ORDCOM0.53%$2M5.4K
39VTRVENTAS REIT ORDCOM0.53%$2M24.2K
40KMBKIMBERLY CLARK ORDCOM0.51%$2M17.8K
41DAYDAYFORCE ORDCOM0.50%$2M25.4K
42CRMSALESFORCE ORDCOM0.48%$2M6.5K
43BMYBRISTOL MYERS SQUIBB ORDCOM0.48%$2M31.5K
44HONHONEYWELL INTERNATIONAL ORDCOM0.48%$2M8.7K
45M3 BRIGADE ACQUISITION V CL A ORDCOM0.48%$2M159.7K
46LASRNLIGHT ORDCOM0.47%$2M44.1K
47GDXJVANECK JUNIOR GOLD MINERS ETFCOM0.47%$2M14.5K
48DYNAMIX CL A ORDCOM0.45%$2M156.7K
49UDOWPROSHARES ULTRAPRO DOW 30 ETFCOM0.44%$2M26.7K
50UMACUNUSUAL MACHINES ORDCOM0.43%$2M120.0K
51PYPLPAYPAL HOLDINGS ORDCOM0.42%$1M25.5K
52LLYELI LILLY ORDCOM0.42%$1M1.4K
53ASMLFASML HOLDING ADR REP ORDSPONSORED ADR0.41%$1M1.4K
54MDYSPDR S&P MIDCAP 400 ETFCOM0.41%$1M2.4K
55ST STRET SPDR PRTFL S&P 600 S C ETFCOM0.40%$1M30.0K
56USARUSA RARE EARTH CL A ORDCOM0.39%$1M115.6K
57PGRPROGRESSIVE ORDCOM0.39%$1M6.0K
58VALEVALE ADR REPTG ONE ORDSPONSORED ADR0.38%$1M102.5K
59FLUTFLUTTER ENTERTAINMENT ORDCOM0.38%$1M6.2K
60WBDWARNER BROS. DISCOVERY SRS A ORDCOM0.37%$1M46.0K
61FUTURECREST ACQUISITION CL A ORDCOM0.37%$1M131.0K
62FTAIFTAI AVIATION ORDCOM0.37%$1M6.7K
63OCSLOAKTREE SPECIALTY LENDING ORDCOM0.37%$1M102.6K
64SNPSSYNOPSYS ORDCOM0.36%$1M2.7K
65CCITIGROUP ORDCOM0.35%$1M10.8K
66CORZCORE SCIENTIFIC ORDCOM0.35%$1M86.0K
67CIOCITY OFFICE REIT ORDCOM0.35%$1M178.8K
68BIDUBAIDU ADS REP 8 CL A ORDCOM0.35%$1M9.5K
69DISWALT DISNEY ORDCOM0.35%$1M10.9K
70ENVXENOVIX ORDCOM0.35%$1M169.5K
71METAMETA PLATFORMS CL A ORDCOM0.34%$1M1.8K
72AMERICAN EXCEPTIONALISM ACQ CL A ORDCOM0.34%$1M105.5K
73BPBP ADR EACH REPSTNG SIX ORDSPONSORED ADR0.34%$1M34.5K
74YIELDMAX NVDA OPTN INC STRGY ETFCOM0.34%$1M81.3K
75CANTOR EQUITY PARTNERS I CL A ORDCOM0.33%$1M110.6K
76J P MORGAN NASDAQ EQT PRM INC ETFCOM0.31%$1M19.2K
77TLTISHARES 20 PLS YEAR TREASURY BND ETFCOM0.30%$1M12.4K
78DHRDANAHER ORDCOM0.30%$1M4.7K
79MRKMERCK & CO ORDCOM0.30%$1M10.2K
80XLVSTATE STRT HLTH CRE SLT SEC SPDR ETFCOM0.30%$1M6.9K
81AURAURORA INNOVATION CL A ORDCOM0.30%$1M275.1K
82YIELDMAX TSLA OPT INCM STGY ETFCOM0.29%$1M27.6K
83GE AEROSPACE ORDCOM0.29%$1M3.4K
84UWMCUWM HOLDINGS CL A ORDCOM0.29%$1M235.0K
85BLUE ACQUISITION CL A ORDCOM0.29%$1M99.3K
86SEAGATE TECHNOLOGY HOLDINGS ORDCOM0.29%$1M3.7K
87DPZDOMINOS PIZZA ORDCOM0.28%$1M2.4K
88METCRAMACO RESOURCES CL A ORDCOM0.28%$992,00055.1K
89MSOSADVISORSHARES PURE US CANNABIS ETFCOM0.28%$982,000208.1K
90SBSWSIBANYE STILLWATER ADR REP 4 ORDSPONSORED ADR0.27%$940,00066.0K
91WRBYWARBY PARKER CL A ORDCOM0.25%$900,00041.3K
92NTESNETEASE ADRCOM0.25%$894,0006.5K
93NIONIO ADS REP 1 CL A ORDCOM0.25%$892,000175.0K
94ENPHENPHASE ENERGY ORDCOM0.25%$884,00027.6K
95ASTSAST SPACEMOBILE CL A ORDCOM0.25%$874,00012.0K
96MDTMEDTRONIC ORDCOM0.24%$864,0009.0K
97SGMTSAGIMET BIOSCIENCES SRS A ORDCOM0.24%$845,000142.9K
98CEGCONSTELLATION ENERGY ORDCOM0.24%$835,0002.4K
99CAHCARDINAL HEALTH ORDCOM0.23%$822,0004.0K
100OKTAOKTA CL A ORDCOM0.23%$821,0009.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$278M989Jul 8, 202613F-HRchanges · EDGAR ↗
Q1 2026$229M840Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$354M992Jan 16, 202613F-HRchanges · EDGAR ↗
Q2 2025$236M1,100Jul 30, 202513F-HRchanges · EDGAR ↗
Q1 2025$164M829Apr 17, 202513F-HRchanges · EDGAR ↗
Q4 2024$193M742Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$208M755Oct 18, 202413F-HRchanges · EDGAR ↗
Q2 2024$149M526Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$166M767May 3, 202413F-HRchanges · EDGAR ↗
Q4 2023$90M569Jan 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$168M704Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$79M634Jul 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$87M673Apr 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review681Jan 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$144M830Oct 19, 202213F-HRchanges · EDGAR ↗
Q2 2022$136M885Jul 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$106M925Apr 25, 202213F-HRchanges · EDGAR ↗
Q4 2021$187M605Feb 1, 2022RESTATEMENTchanges · EDGAR ↗
Q3 2021$215M739Oct 13, 202113F-HRchanges · EDGAR ↗
Q2 2021$251M821Jul 14, 202113F-HRchanges · EDGAR ↗
Q1 2021$268M804Apr 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$367M821Jan 19, 202113F-HRchanges · EDGAR ↗
Q3 2020$237M524Oct 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$172M451Jul 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$131M502Apr 9, 202013F-HRchanges · EDGAR ↗
Q4 2019$323M893Jan 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$327M976Oct 25, 201913F-HRchanges · EDGAR ↗
Q2 2019$339M1,036Jul 24, 201913F-HRchanges · EDGAR ↗
Q1 2019$292M801Apr 17, 201913F-HRchanges · EDGAR ↗
Q4 2018$286M764Jan 22, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 4 additional managers.

  • MYDA Advisors LLC
  • Sender Co & Partners, Inc.
  • Vazirani Asset Management LLC
  • SYMMETRY PEAK MANAGEMENT LLC

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 ↗.