Managers / Q3 2025 · view latest →
Atlas Merchant Capital LLC
CIK 0001945789 · 477 MADISON AVENUE, 22ND FLOOR, NEW YORK, NY, 10022 · (212) 883-4310
Summary
Atlas Merchant Capital LLC reported $226M in U.S.-listed holdings across 7 positions for Q3 2025.
Compared with Q2 2025, the fund opened 1 new position and exited 4.
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 · 99.6% · $548M
- Other · 0.4% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CRCLCIRCLE INTERNET GROUP | NEW | +1.69M | 1.69M | +$224M | $224M |
| NAMIB MINERALS | SOLD OUT | −600.0K | 0 | −$5M | $0 |
| FLDFOLD HLDGS INC | SOLD OUT | −113.4K | 0 | −$479,678 | $0 |
| UCFIIRON HORSE ACQUISITIONS CORP | SOLD OUT | −25.0K | 0 | −$254,250 | $0 |
| STARDUST PWR INC | SOLD OUT | −17.0K | 0 | −$3,349 | $0 |
| LOGISTIC PROPERTIES OF THE A | TRIMMED | −44.3K | 49.0K | −$408,521 | $228,233 |
| CID HOLDCO INC | HELD | +0 | 140.0K | −$362,600 | $355,600 |
| COCHENVOY MEDICAL INC | HELD | +0 | 555.5K | −$357,926 | $430,922 |
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 | CRCLCIRCLE INTERNET GROUPREVEALEDhistory → | COM CL A | 242.23% | $548M | 3.47M |
| 2 | WEBULL CORP | ORD SHS | 0.57% | $1M | 87.0K |
| 3 | COCHENVOY MEDICAL INC | CL A | 0.19% | $430,922 | 555.5K |
| 4 | CID HOLDCO INC | COM | 0.16% | $355,600 | 140.0K |
| 5 | LOGISTIC PROPERTIES OF THE A | USD ORD SHS | 0.10% | $228,233 | 49.0K |
| 6 | BRAND ENGAGEMENT NETWORK INC | COM | 0.02% | $51,450 | 175.0K |
| 7 | ABPRO HLDGS INC | COM | 0.01% | $19,618 | 87.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $789,360 | 1 | May 8, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | Under review | 2 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $226M | 7 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $9M | 10 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $40M | 19 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $113M | 29 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $106M | 48 | Nov 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $272M | 58 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $285M | 72 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $367M | 83 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $489M | 104 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $549M | 122 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $664M | 144 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $622M | 184 | Feb 14, 2023 | 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 ↗.