Managers / Q1 2025 · view latest →
272 Capital LP
CIK 0001841077 · 3811 TURTLE CREEK BLVD, SUITE 2100, DALLAS, TX, 75219 · 214-556-2465
Summary
272 Capital LP reported $38M in U.S.-listed holdings across 34 positions for Q1 2025.
The portfolio is heavily concentrated: APLD alone accounts for 24.2% of reported value.
Compared with Q4 2024, the fund opened 16 new positions and exited 30.
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, 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
Portfolio Composition
- Common Stock · 74.1% · $28M
- Other · 22.2% · $8M
- ADR · 3.6% · $1M
- Equity WRT · 0.1% · $38,133
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BLBLACKLINE INC | NEW | +21.0K | 21.0K | +$1M | $1M |
| MKSIMKS INSTRS INC | NEW | +9.0K | 9.0K | +$717,743 | $717,743 |
| BILLBILL HOLDINGS INC | NEW | +9.6K | 9.6K | +$441,691 | $441,691 |
| VERXVERTEX INC | NEW | +10.3K | 10.3K | +$360,603 | $360,603 |
| FLYWFLYWIRE CORPORATION | NEW | +32.2K | 32.2K | +$305,900 | $305,900 |
| CORZCORE SCIENTIFIC INC NEW | NEW | +30.1K | 30.1K | +$217,924 | $217,924 |
| MXLMAXLINEAR INC | NEW | +20.0K | 20.0K | +$217,200 | $217,200 |
| PAYOPAYONEER GLOBAL INC | NEW | +25.9K | 25.9K | +$189,329 | $189,329 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | APLDAPPLIED DIGITAL CORPhistory → | COM NEW | 24.20% | $9M | 1.63M |
| 2 | SEQUANS COMMUNICATIONS S A | SPONSORED ADS | 21.80% | $8M | 3.93M |
| 3 | FIVNFIVE9 INChistory → | COM | 5.73% | $2M | 80.0K |
| 4 | CDZICADIZ INChistory → | COM NEW | 5.31% | $2M | 686.7K |
| 5 | RPDRAPID7 INChistory → | COM | 4.55% | $2M | 65.0K |
| 6 | NABLN-ABLE INChistory → | COMMON STOCK | 4.07% | $2M | 217.5K |
| 7 | JAMFJAMF HLDG CORPhistory → | COM | 3.35% | $1M | 104.5K |
| 8 | CMRCBIGCOMMERCE HLDGS INChistory → | COM SER 2 | 3.30% | $1M | 217.2K |
| 9 | SIMOSILICON MOTION TECHNOLOGY COhistory → | SPONSORED ADR | 3.09% | $1M | 23.2K |
| 10 | CXMSPRINKLR INChistory → | CL A | 3.03% | $1M | 137.3K |
| 11 | BLBLACKLINE INChistory → | COM | 2.69% | $1M | 21.0K |
| 12 | BASECOUCHBASE INChistory → | COM | 2.26% | $854,516 | 54.3K |
| 13 | COHUCOHU INChistory → | COM | 1.99% | $754,652 | 51.3K |
| 14 | MKSIMKS INSTRS INChistory → | COM | 1.89% | $717,743 | 9.0K |
| 15 | IASINTEGRAL AD SCIENCE HLDNG COhistory → | COM | 1.79% | $676,476 | 83.9K |
| 16 | TENBTENABLE HLDGS INChistory → | COM | 1.54% | $584,551 | 16.7K |
| 17 | BILLBILL HOLDINGS INChistory → | COM | 1.17% | $441,691 | 9.6K |
| 18 | VERXVERTEX INC | CL A | 0.95% | $360,603 | 10.3K |
| 19 | DHDEFINITIVE HEALTHCARE CORP | CLASS A COM | 0.82% | $310,765 | 107.5K |
| 20 | FLYWFLYWIRE CORPORATION | COM VTG | 0.81% | $305,900 | 32.2K |
| 21 | VPGVISHAY PRECISION GROUP INC | COM | 0.72% | $273,783 | 11.4K |
| 22 | ECVTECOVYST INC | COM | 0.69% | $261,150 | 42.1K |
| 23 | CORZCORE SCIENTIFIC INC NEW | COM | 0.58% | $217,924 | 30.1K |
| 24 | MXLMAXLINEAR INC | COM | 0.57% | $217,200 | 20.0K |
| 25 | PAYOPAYONEER GLOBAL INC | COM | 0.50% | $189,329 | 25.9K |
| 26 | DAVAENDAVA PLC | ADS | 0.50% | $189,247 | 9.7K |
| 27 | RPAYREPAY HLDGS CORP | COM CL A | 0.44% | $167,100 | 30.0K |
| 28 | IBPINSTALLED BLDG PRODS INC | COM | 0.41% | $154,314 | 900 |
| 29 | TOPBUILD CORP | COM | 0.40% | $152,475 | 500 |
| 30 | SIMILARWEB LTD | SHS | 0.39% | $146,172 | 17.7K |
| 31 | JELDJELD-WEN HLDG INC | COM | 0.36% | $137,310 | 23.0K |
| 32 | RSVRWRESERVOIR MEDIA INC | *W EXP 08/26/202 | 0.05% | $18,750 | 15.0K |
| 33 | BTMWQBITCOIN DEPOT INC | *W EXP 06/30/202 | 0.04% | $14,860 | 229.0K |
| 34 | MULTISENSOR AI HOLDINGS INC | *W EXP 12/19/202 | 0.01% | $4,523 | 112.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2025 | $40M | 1 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $39M | 5 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $24M | 9 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $38M | 34 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $106M | 48 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $175M | 61 | Dec 5, 2024 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2024 | $200M | 66 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $250M | 71 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $296M | 87 | Feb 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $252M | 70 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $272M | 67 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $242M | 59 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $223M | 62 | Feb 15, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2022 | $186M | 69 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $209M | 85 | Aug 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $209M | 69 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $208M | 68 | Feb 10, 2022 | RESTATEMENT | 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 ↗.