SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Atlas Merchant Capital LLC

CIK 0001945789 · 477 MADISON AVENUE, 22ND FLOOR, NEW YORK, NY, 10022 · (212) 883-4310

Reported Value
$40M
Q1 2025
Positions
19
Filings on Record
15
2019–present window
Filed
May 12, 2025
original filing

Summary

Atlas Merchant Capital LLC reported $40M in U.S.-listed holdings across 19 positions for Q1 2025.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 65.9% of reported value.

Compared with Q4 2024, the fund opened 1 new position and exited 11.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+98.6%
share of reported value
Largest Position
+65.9%
Ishares Tr
New / Exited
1 / 11
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. 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 ’22: $622MQ4 ’22Q1 ’23: $664MQ2 ’23: $549MQ2 ’23Q3 ’23: $489MQ4 ’23: $367MQ4 ’23Q1 ’24: $285MQ2 ’24: $272MQ2 ’24Q3 ’24: $106MQ4 ’24: $113MQ4 ’24Q1 ’25: $40MQ2 ’25: $9MQ2 ’25Q3 ’25: $226MQ1 ’26: $789,360Q1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 65.9%Other: 18.1%Common Stock: 12.9%US DOMESTIC: 3.1%
  • ETP · 65.9% · $26M
  • Other · 18.1% · $7M
  • Common Stock · 12.9% · $5M
  • US DOMESTIC · 3.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FLDFOLD HLDGS INCNEW+325.0K325.0K+$2M$2M
ISHARES TRSOLD OUT−750.0K0−$59M$0
CHEGG INCSOLD OUT−7.38M0−$6M$0
HERBALIFE LTDSOLD OUT−4.00M0−$3M$0
WELSBACH TECH METALS ACQU COSOLD OUT−200.0K0−$3M$0
ISRAEL ACQUISITIONS CORPSOLD OUT−125.0K0−$1M$0
BOWEN ACQUISITION CORPSOLD OUT−50.0K0−$546,000$0
QT IMAGING HLDGS INCSOLD OUT−45.0K0−$21,668$0

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

Holdings — Q1 2025

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TR3 7 YR TREAS BD65.88%$26M222.2K
2HENNESSY CAPITAL INVST CORPCLASS A COM14.17%$6M500.0K
3FLDFOLD HLDGS INChistory →COM CL A5.06%$2M325.0K
4WOLFSPEED INCNOTE 0.250% 2/13.12%$1M5.00M
5LOGISTIC PROPERTIES OF THE AUSD ORD SHS2.52%$1M112.5K
6MGNIMAGNITE INChistory →COM2.36%$941,32582.5K
7CZRCAESARS ENTERTAINMENT INC NEhistory →COM2.20%$875,00035.0K
8COCHENVOY MEDICAL INChistory →CL A1.81%$722,185555.5K
9CHGGCHEGG INCCOM0.80%$319,600500.0K
10UCFIIRON HORSE ACQUISITIONS CORPCOM · RIGHT 99/99/99990.68%$269,75350.0K
11JVSPAC ACQUISITION CORPSHS CL A0.67%$267,00025.0K
12URBAN ONE INCCL D NON VTG0.36%$144,000200.0K
13BRAND ENGAGEMENT NETWORK INCCOM0.15%$60,200175.0K
14ABPRO HLDGS INCCOM0.09%$36,22587.5K
15HERAMBA ELEC PLCORD SHS0.08%$33,355138.0K
16ECD AUTOMOTIVE DESIGN INC*W EXP 12/12/2020.02%$9,090450.0K
17STARDUST PWR INCCOM0.02%$8,01717.0K
18ECARX HOLDINGS INC*W EXP 99/99/9990.01%$5,700125.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$789,3601May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025Under review2Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$226M7Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$9M10Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$40M19May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$113M29Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$106M48Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$272M58Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$285M72May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$367M83Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$489M104Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$549M122Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$664M144May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$622M184Feb 14, 202313F-HRchanges · 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 ↗.