Managers / Q3 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 $39M in U.S.-listed holdings across 5 positions for Q3 2025.
The portfolio is heavily concentrated: APLD alone accounts for 95.2% of reported value.
Compared with Q2 2025, the fund opened 1 new position and exited 5.
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 · 96.0% · $38M
- ADR · 4.0% · $2M
- Equity WRT · 0.0% · $17,475
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SQNSSEQUANS COMMUNICATIONS S A | NEW | +164.9K | 164.9K | +$2M | $2M |
| SEQUANS COMMUNICATIONS S A | SOLD OUT | −3.93M | 0 | −$6M | $0 |
| CXMSPRINKLR INC | SOLD OUT | −139.7K | 0 | −$1M | $0 |
| RISKIFIED LTD | SOLD OUT | −60.8K | 0 | −$303,143 | $0 |
| TENBTENABLE HLDGS INC | SOLD OUT | −8.4K | 0 | −$284,901 | $0 |
| CDZICADIZ INC | SOLD OUT | −89.9K | 0 | −$268,909 | $0 |
| APLDAPPLIED DIGITAL CORP | HELD | +0 | 1.63M | +$21M | $37M |
| BITFARMS LTD | HELD | +0 | 105.1K | +$208,008 | $296,254 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | APLDAPPLIED DIGITAL CORPhistory → | COM NEW | 95.23% | $37M | 1.63M |
| 2 | SQNSSEQUANS COMMUNICATIONS S Ahistory → | SPONSORED ADS | 3.97% | $2M | 164.9K |
| 3 | BITFARMS LTD | COM | 0.75% | $296,254 | 105.1K |
| 4 | RSVRWRESERVOIR MEDIA INC | *W EXP 08/26/202 | 0.03% | $13,200 | 15.0K |
| 5 | MULTISENSOR AI HOLDINGS INC | *W EXP 12/19/202 | 0.01% | $4,275 | 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 ↗.