Managers / Q4 2025 · view latest →
Black Diamond Financial, LLC
CIK 0001759236 · 305 W PENNSYLVANIA AVE, TOWSON, MD, 21204-4413 · 8043344059
Reported Value
$949M
Q4 2025
Positions
176
Filings on Record
30
2019–present window
Filed
Feb 3, 2026
original filing
Summary
Black Diamond Financial, Llc reported $949M in U.S.-listed holdings across 176 positions for Q4 2025.
Its largest position, MGV, represents 11.6% of the portfolio.
Compared with Q3 2025, the fund opened 20 new positions and exited 5.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- ETP · 91.0% · $863M
- Common Stock · 8.9% · $84M
- REIT · 0.1% · $770,129
- Closed-End Fund · 0.0% · $156,550
- Equity WRT · 0.0% · $721
Quarter-over-Quarter Changes full breakdown →
Holdings — Q4 2025
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $916M | 185 | May 5, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $949M | 176 | Feb 3, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $893M | 161 | Nov 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $644M | 144 | Jul 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $666M | 146 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $667M | 146 | Feb 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $589M | 145 | Nov 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $518M | 139 | Aug 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $370M | 115 | May 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $370M | 116 | Feb 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $325M | 111 | Nov 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $338M | 114 | Aug 2, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $305M | 117 | May 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $276.6B | 111 | Feb 6, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $248M | 103 | Nov 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $254M | 114 | Jul 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $317M | 127 | May 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $297M | 96 | Feb 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $208M | 77 | Nov 2, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $256M | 86 | Jul 27, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $236M | 85 | May 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $218M | 78 | Jan 27, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $178M | 75 | Oct 23, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $153M | 69 | Jul 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $132M | 72 | Apr 20, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $138M | 65 | Jan 23, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $136M | 71 | Oct 23, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $117M | 57 | Jul 19, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $112M | 53 | May 1, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $127M | 64 | Feb 13, 2019 | 13F-HR | changes · 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 ↗.