Managers / Q4 2025
Militia Capital Partners, LP
CIK 0001837496 · 5415 W. HARMON, #1168, LAS VEGAS, NV, 89103 · 66 065 9251669
Summary
Militia Capital Partners, LP reported $263M in U.S.-listed holdings across 198 positions for Q4 2025.
Its largest position, ET, represents 3.8% of the portfolio.
Compared with Q3 2025, the fund opened 72 new positions and exited 47.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 54.4% · $261M
- ADR · 15.6% · $75M
- MLP · 9.1% · $44M
- Other · 9.1% · $44M
- ETP · 8.7% · $41M
- Other · 3.1% · $15M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GOOGALPHABET INC | NEW | +24.5K | 24.5K | +$8M | $8M |
| EA SERIES TRUST | NEW | +161.0K | 161.0K | +$5M | $5M |
| AFRMAFFIRM HLDGS INC | NEW | +599.5K | 599.5K | +$4M | $4M |
| DIREXION SHS ETF TR | NEW | +27.8K | 27.8K | +$3M | $3M |
| KLARNA GROUP PLC | NEW | +415.7K | 415.7K | +$3M | $3M |
| SESEA LTD | NEW | +21.4K | 21.4K | +$3M | $3M |
| LNGCHENIERE ENERGY INC | NEW | +14.0K | 14.0K | +$3M | $3M |
| FIGRFIGURE TECHNOLOGY SOLUTIO | NEW | +70.0K | 70.0K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ETENERGY TRANSFER L PREVEALEDhistory → | COM UT LTD PTN | 6.87% | $18M | 1.08M |
| 2 | AMZNAMAZON COM INCREVEALEDhistory → | COM | 6.84% | $18M | 79.8K |
| 3 | G7AGRUPO AEROPORTUARIO DEL CENTREVEALEDhistory → | SPON ADR | 6.71% | $18M | 166.1K |
| 4 | BB4AXOS FINANCIAL INCREVEALEDhistory → | COM | 6.10% | $16M | 188.0K |
| 5 | WESWESTERN MIDSTREAM PARTNERS LREVEALEDhistory → | COM UNIT LP INT | 5.99% | $16M | 400.0K |
| 6 | TSMTAIWAN SEMICONDUCTOR MFG LTREVEALEDhistory → | SPONSORED ADS | 5.36% | $14M | 48.3K |
| 7 | EA SERIES TRUSTREVEALED | MILITIA LONG/SHO | 3.56% | $9M | 284.0K |
| 8 | IBKRINTERACTIVE BROKERS GROUP INREVEALEDhistory → | COM CL A | 3.20% | $8M | 127.0K |
| 9 | IBITISHARES BITCOIN TRUST ETFREVEALEDhistory → | SHS BEN INT | 3.16% | $8M | 140.9K |
| 10 | GOOGALPHABET INChistory → | CAP STK CL C | 2.92% | $8M | 24.5K |
| 11 | GD8AGRAVITY CO LTDREVEALEDhistory → | SPONSORED ADS NE | 2.70% | $7M | 116.7K |
| 12 | CORPORACION AMER ARPTS S AREVEALED | COM | 2.70% | $7M | 322.0K |
| 13 | MPLXMPLX LPREVEALEDhistory → | COM UNIT REP LTD | 2.63% | $7M | 134.0K |
| 14 | PKBKPARKE BANCORP INCREVEALEDhistory → | COM | 2.12% | $6M | 240.0K |
| 15 | AGMFEDERAL AGRIC MTG CORPREVEALEDhistory → | CL C | 2.09% | $5M | 32.0K |
| 16 | EVLVEVOLV TECHNOLOGIES HLDNGS INREVEALEDhistory → | COM CL A | 1.77% | $5M | 634.5K |
| 17 | ECECOPETROL S AREVEALEDhistory → | SPONSORED ADS | 1.75% | $5M | 500.0K |
| 18 | AFRMAFFIRM HLDGS INChistory → | COM CL A | 1.24% | $3M | 43.9K |
| 19 | FBTCFIDELITY WISE ORIGIN BITCOINhistory → | SHS | 1.23% | $3M | 42.3K |
| 20 | BMABANCO MACRO SAhistory → | SPON ADR B | 1.14% | $3M | 33.4K |
| 21 | CQPCHENIERE ENERGY PARTNERS LPREVEALEDhistory → | COM UNIT | 1.12% | $3M | 12.6K |
| 22 | TEVATEVA PHARMACEUTICAL INDS LTDhistory → | SPONSORED ADS | 1.09% | $3M | 92.0K |
| 23 | DIREXION SHS ETF TR | NAS100 EQL WGT | 1.08% | $3M | 27.8K |
| 24 | SESEA LTDhistory → | SPONSORD ADS | 1.04% | $3M | 21.4K |
| 25 | LNGCHENIERE ENERGY INChistory → | COM NEW | 1.03% | $3M | 14.0K |
| 26 | HOODROBINHOOD MKTS INCREVEALEDhistory → | COM CL A | 1.02% | $3M | 18.7K |
| 27 | B7SBROOKDALE SR LIVING INC | COM | 0.98% | $3M | 240.0K |
| 28 | KLARNA GROUP PLC | SHS | 0.97% | $3M | 88.1K |
| 29 | FIGRFIGURE TECHNOLOGY SOLUTIO | COM CL A | 0.93% | $2M | 60.0K |
| 30 | TPBTURNING PT BRANDS INC | COM | 0.91% | $2M | 22.0K |
| 31 | ISHARES TRREVEALED | ISHARES BIOTECH | 0.91% | $2M | 16.5K |
| 32 | MEDPMEDPACE HLDGS INC | COM | 0.90% | $2M | 4.2K |
| 33 | HROWHARROW INC | COM | 0.87% | $2M | 47.0K |
| 34 | ACICAMERICAN COASTAL INS CORP | COM | 0.87% | $2M | 180.7K |
| 35 | CCBCOASTAL FINL CORP WA | COM NEW | 0.83% | $2M | 19.0K |
Filing History
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 ↗.