CDC Financial
CHICAGO, ILfiles as CDC Financial, Inc.
$130m in 38 US stocks at the end of 30 June 2026. The top 10 are 72.8% of the money. It changed about 20.5% of the portfolio this quarter.
Value
$130m
Stocks
38
Top 10 share
72.8%
Turnover
20.5%
What changed this quarter
New
Bought for the first time this quarter.
- Duos Technologies GroupDUOT0.4% of the fund
- Antero ResourcesAR0.3% of the fund
- NetgearNTGR0.3% of the fund
- CourseraCOUR0.2% of the fund
- SkinHealth SystemsSKIN<0.1% of the fund
- Interactive Brokers GroupIBKR<0.1% of the fund
- C4 TherapeuticsCCCC<0.1% of the fund
Added
Bought more of a stock they already held.
- Health CatalystHCAT10.8% of the fund+12%
- Inhibrx BiosciencesINBX10.2% of the fund+13%
- Legalzoom.comLZ7.5% of the fund+308%
- Atlas Energy SolutionsAESI7.1% of the fund+7%
- VOX RoyaltyVOXR6.4% of the fund+6%
- Algoma Steel GroupASTL5.4% of the fund+8%
- Advanced Flower CapitalAFCG4.3% of the fund+22%
- Inspired EntertainmentINSE3.2% of the fund+12%
- SimilarwebSMWB3.2% of the fund+6%
- Ring EnergyREI2.9% of the fund+2%
- Turtle BeachTBCH2.3% of the fund+54%
- Chicago Atlantic Real Estate FinanceREFI1.3% of the fund+16%
- Chicago Atlantic BDCLIEN1.3% of the fund+11%
- SalesforceCRM0.8% of the fund+17%
- Shenandoah TelecommunicationsSHEN0.3% of the fund+68%
Cut
Sold some of their stake.
- ImmersionIMMR6.7% of the fund-10%
- Century AluminumCENX6.4% of the fund-26%
- Thryv HoldingsTHRY2.1% of the fund-35%
- Ryerson HoldingRYZ1.5% of the fund-31%
- VontierVNT1.1% of the fund-4%
- AerSaleASLE1.1% of the fund-28%
- Cronos GroupCRON0.9% of the fund-53%
- ServiceNowNOW0.9% of the fund-12%
- RiskifiedRSKD0.8% of the fund-32%
- Zentalis PharmaceuticalsZNTL0.7% of the fund-37%
- WealthfrontWLTH0.7% of the fund-4%
- Sprott FDS TRURNJ0.4% of the fund-35%
- OperaOPRA0.4% of the fund-43%
- Match GroupMTCH<0.1% of the fund-93%
Sold out
Sold their entire stake.
- Gohealth-100%
- IntappINTA-100%
- UpworkUPWK-100%
- Teck ResourcesTECK-100%
- SANUWAVE HealthSNWV-100%
- Village Farms InternationalVFF-100%
- Commercial Vehicle GroupCVGI-100%
Holdings
- VOX RoyaltyVOXR
- Share
- 6.4%
- Value
- $8m
- Shares
- 1,759,374
+6%
- Algoma Steel GroupASTL
- Share
- 5.4%
- Value
- $7m
- Shares
- 1,745,647
+8%
- Sprott FDS TRURNJ
- Share
- 0.4%
- Value
- $471,569
- Shares
- 20,300
-35%
- OperaOPRA
- Share
- 0.4%
- Value
- $466,917
- Shares
- 23,546
-43%
- Algoma STL GroupASTLW
- Share
- <0.1%
- Value
- $124,620
- Shares
- 4,153,996
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Health CatalystHCAT | 10.8% | $14m | 7,092,698 | +12% |
| Inhibrx BiosciencesINBX | 10.2% | $13m | 140,130 | +13% |
| Amplify EnergyAMPY | 7.9% | $10m | 2,587,347 | Held |
| Legalzoom.comLZ | 7.5% | $10m | 1,601,436 | +308% |
| Atlas Energy SolutionsAESI | 7.1% | $9m | 552,750 | +7% |
| ImmersionIMMR | 6.7% | $9m | 1,293,007 | -10% |
| Century AluminumCENX | 6.4% | $8m | 181,430 | -26% |
| VOX RoyaltyVOXR | 6.4% | $8m | 1,759,374 | +6% |
| Algoma Steel GroupASTL | 5.4% | $7m | 1,745,647 | +8% |
| Advanced Flower CapitalAFCG | 4.3% | $6m | 1,797,359 | +22% |
| Inspired EntertainmentINSE | 3.2% | $4m | 506,004 | +12% |
| SimilarwebSMWB | 3.2% | $4m | 674,233 | +6% |
| Ring EnergyREI | 2.9% | $4m | 3,539,562 | +2% |
| Turtle BeachTBCH | 2.3% | $3m | 236,852 | +54% |
| Thryv HoldingsTHRY | 2.1% | $3m | 702,024 | -35% |
| Ryerson HoldingRYZ | 1.5% | $2m | 78,446 | -31% |
| Chicago Atlantic Real Estate FinanceREFI | 1.3% | $2m | 163,704 | +16% |
| Chicago Atlantic BDCLIEN | 1.3% | $2m | 177,391 | +11% |
| VontierVNT | 1.1% | $1m | 50,000 | -4% |
| AerSaleASLE | 1.1% | $1m | 217,495 | -28% |
| Cronos GroupCRON | 0.9% | $1m | 433,133 | -53% |
| ServiceNowNOW | 0.9% | $1m | 11,400 | -12% |
| RiskifiedRSKD | 0.8% | $1m | 219,155 | -32% |
| SalesforceCRM | 0.8% | $1m | 7,000 | +17% |
| Zentalis PharmaceuticalsZNTL | 0.7% | $862,146 | 177,762 | -37% |
| WealthfrontWLTH | 0.7% | $853,976 | 95,523 | -4% |
| Duos Technologies GroupDUOT | 0.4% | $480,000 | 40,000 | New |
| Sprott FDS TRURNJ | 0.4% | $471,569 | 20,300 | -35% |
| OperaOPRA | 0.4% | $466,917 | 23,546 | -43% |
| Antero ResourcesAR | 0.3% | $421,680 | 12,000 | New |
| Shenandoah TelecommunicationsSHEN | 0.3% | $336,284 | 22,300 | +68% |
| NetgearNTGR | 0.3% | $326,900 | 14,000 | New |
| CourseraCOUR | 0.2% | $225,600 | 40,000 | New |
| Algoma STL GroupASTLW | <0.1% | $124,620 | 4,153,996 | Held |
| SkinHealth SystemsSKIN | <0.1% | $82,408 | 119,000 | New |
| Match GroupMTCH | <0.1% | $76,100 | 2,000 | -93% |
| Interactive Brokers GroupIBKR | <0.1% | $43,520 | 500 | New |
| C4 TherapeuticsCCCC | <0.1% | $4,670 | 1,000 | New |
Options (15)
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $37m
- Contracts
- 49,500
- Ishares TRIWM
- Type
- Put
- Value
- $28m
- Contracts
- 92,000
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $23m
- Contracts
- 31,900
- HumanaHUM
- Type
- Put
- Value
- $6m
- Contracts
- 15,000
- Inhibrx BiosciencesINBX
- Type
- Call
- Value
- $3m
- Contracts
- 30,000
- GarminGRMN
- Type
- Put
- Value
- $2m
- Contracts
- 9,000
- TargetTGT
- Type
- Put
- Value
- $2m
- Contracts
- 15,000
- Turtle BeachTBCH
- Type
- Call
- Value
- $2m
- Contracts
- 150,000
- Legalzoom.comLZ
- Type
- Call
- Value
- $2m
- Contracts
- 290,000
- Innovative Industrial PropertiesIIPR
- Type
- Put
- Value
- $1m
- Contracts
- 20,000
- GrouponGRPN
- Type
- Call
- Value
- $962,400
- Contracts
- 40,000
- ServiceNowNOW
- Type
- Call
- Value
- $694,960
- Contracts
- 7,000
- CoreWeaveCRWV
- Type
- Put
- Value
- $666,918
- Contracts
- 6,700
- SalesforceCRM
- Type
- Call
- Value
- $313,320
- Contracts
- 2,000
- Algoma Steel GroupASTL
- Type
- Call
- Value
- $162,000
- Contracts
- 40,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | Put | $37m | 49,500 |
| Ishares TRIWM | Put | $28m | 92,000 |
| Invesco QQQ TRQQQ | Put | $23m | 31,900 |
| HumanaHUM | Put | $6m | 15,000 |
| Inhibrx BiosciencesINBX | Call | $3m | 30,000 |
| GarminGRMN | Put | $2m | 9,000 |
| TargetTGT | Put | $2m | 15,000 |
| Turtle BeachTBCH | Call | $2m | 150,000 |
| Legalzoom.comLZ | Call | $2m | 290,000 |
| Innovative Industrial PropertiesIIPR | Put | $1m | 20,000 |
| GrouponGRPN | Call | $962,400 | 40,000 |
| ServiceNowNOW | Call | $694,960 | 7,000 |
| CoreWeaveCRWV | Put | $666,918 | 6,700 |
| SalesforceCRM | Call | $313,320 | 2,000 |
| Algoma Steel GroupASTL | Call | $162,000 | 40,000 |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 14.2% since 31 December 2025.
Where the money is
Technology38.3%
Materials18.2%
Energy18.2%
Health care11.9%
Industrials2.5%
Media & telecom2.4%
Real estate1.3%
Financial services0.7%
Other6.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.