Sandia Investment Management LP
BOSTON, MA
$40m in 128 US stocks at the end of 31 December 2025. The top 10 are 29.3% of the money. It changed about 45.7% of the portfolio this quarter.
Value
$40m
Stocks
128
Top 10 share
29.3%
Turnover
45.7%
What changed this quarter
New
Bought for the first time this quarter.
- Sturm RugerRGR2.2% of the fund
- MedlineMDLN2.1% of the fund
- Alliance Laundry HoldingsALH2.0% of the fund
- Silicon VY AcquisitionSVAQU1.9% of the fund
- UL SolutionsULS1.3% of the fund
- Cantor Equity Partners VCEPV1.3% of the fund
- AI Infrastructure AcquisiAIIA-U1.3% of the fund
- Vine Hill CAP Invts Corp IIVHCPU1.2% of the fund
- Hall Chadwick AcquisitionHCACU1.2% of the fund
- Bluerock AcquisitionBLRKU1.2% of the fund
- Ithax Acquisition Corp IIIITHAU1.2% of the fund
- Bitcoin Infrastructure AcquiBIXIU1.2% of the fund
- TGE Value Creative SolutionsBEBE-U1.2% of the fund
- Invest Green Acquisition CORIGACU1.2% of the fund
- AA Mission AcquisitionYCY-U1.1% of the fund
- Silverbox Corp VSBXE-U1.1% of the fund
- ITTITT1.1% of the fund
- BrightSpring Health ServicesBTSG0.9% of the fund
- Viking Acquisition Corp IVACI-U0.9% of the fund
- Neptune Insurance HoldingsNP0.8% of the fund
- CoherentCOHR0.7% of the fund
- Karbon CAP PartnersKBONU0.6% of the fund
- Tailwind 2.0 Acquisition CORTDWDU0.6% of the fund
- Meshflow AcquisitionMESHU0.6% of the fund
- Grupo Aeromexico SAB de CVAERO0.5% of the fund
Added
Bought more of a stock they already held.
- Haymaker Acquisition9.9% of the fund+75%
- LegenceLGN2.1% of the fund+99%
- WaterBridge InfrastructureWBI2.0% of the fund+60%
- NetskopeNTSK1.7% of the fund+300%
- Caris Life SciencesCAI1.6% of the fund+174%
- Gores Holdings XGTEN1.6% of the fund+23%
- Miami International HoldingsMIAX1.4% of the fund+97%
- HeartflowHTFL1.2% of the fund+112%
- Black Rock Coffee BarBRCB1.1% of the fund+33%
- Figure Technology SolutionsFIGR1.0% of the fund+18%
- Circle Internet GroupCRCL1.0% of the fund+233%
- Centuri HoldingsCTRI0.9% of the fund+12%
- BullishBLSH0.9% of the fund+4900%
- Klarna GroupKLAR0.9% of the fund+13%
- Corebridge FinancialCRBG0.8% of the fund+100%
- Jakks PacificJAKK0.7% of the fund+47%
- FigmaFIG0.7% of the fund+600%
- Old MKT CAPOMCC0.5% of the fund+13%
Cut
Sold some of their stake.
- Bold Eagle AcquisitionBEAG3.1% of the fund-35%
- TeamsharesTMS1.3% of the fund-50%
- AnterixATEX1.1% of the fund-27%
- StandardAeroSARO1.1% of the fund-25%
- Kodiak Gas ServicesKGS0.9% of the fund-33%
- Aldel Financial IIALDF0.8% of the fund-20%
- Chime FinancialCHYM0.8% of the fund-17%
- PACS GroupPACS0.7% of the fund-40%
- FACT II AcquisitionFACT0.6% of the fund-80%
- OTG Acquisition Corp. IOTGAU0.6% of the fund-51%
- Slide Insurance HoldingsSLDE0.6% of the fund-16%
- Smithfield FoodsSFD0.6% of the fund-60%
- Ategrity Specialty Insurance Co HoldingsASIC0.5% of the fund-33%
- Waystar HoldingWAY0.5% of the fund-56%
- KlaviyoKVYO0.5% of the fund-35%
- Talon CAPTLNCU0.5% of the fund-20%
- SailPointSAIL0.5% of the fund-51%
- Karman HoldingsKRMN0.5% of the fund-50%
- eToro GroupETOR0.4% of the fund-50%
- Loar HoldingsLOAR0.4% of the fund-69%
- BTC DEVBDCIU0.4% of the fund-25%
- Omada HealthOMDA0.3% of the fund-41%
- Cantor Equity Partners III ICAEP0.3% of the fund-8%
- Haymaker Acquisition Corp IVHYAC-WS0.3% of the fund-59%
- ClarusCLAR0.3% of the fund-56%
Sold out
Sold their entire stake.
- WebullBULL-100%
- MerlinMRLN-100%
- AA Mission AcquisitionAAM-100%
- Presidio ProductionFTW-100%
- Nuvalent-100%
- Seritage Growth PropertiesSRG-100%
- NIQ Global IntelligenceNIQ-100%
- Seaport Entertainment GroupSEG-100%
- Prothena Corp PublicPRTA-100%
- Andretti Acquisition Corp. IIPOLE-100%
- Melar Acquisition Corp. I/CaymanMACI-100%
- McGraw HillMH-100%
- Joint Stock Co Kaspi.kzKSPI-100%
- Spring Valley AcquistnSVIRF-100%
- Drugs Made In America AcquisitionDMAA-100%
- Columbus Circle CAP Corp. I-100%
- Velos Acquisition IVLOS-100%
- Venture GlobalVG-100%
- Crane HBR AcquisitionCHAC-100%
- Keurig Dr PepperKDP-100%
- M3brigade Acquisition VVLOSW-100%
- Aldel Finl IIALDFW-100%
Holdings
- Haymaker Acquisition
- Share
- 9.9%
- Value
- $4m
- Shares
- 349,987
+75%
- Bold Eagle AcquisitionBEAG
- Share
- 3.1%
- Value
- $1m
- Shares
- 117,662
-35%
- Silicon VY AcquisitionSVAQU
- Share
- 1.9%
- Value
- $745,875
- Shares
- 75,000
New
- Gores Holdings XGTEN
- Share
- 1.6%
- Value
- $631,728
- Shares
- 61,632
+23%
- Stonebridge Acquisition II CAPACU
- Share
- 1.5%
- Value
- $602,400
- Shares
- 60,000
Held
- Roman DBDR Acquisition Corp. IIDRDB
- Share
- 1.3%
- Value
- $521,896
- Shares
- 50,038
Held
- Cantor Equity Partners VCEPV
- Share
- 1.3%
- Value
- $512,500
- Shares
- 50,000
New
- AI Infrastructure AcquisiAIIA-U
- Share
- 1.3%
- Value
- $509,000
- Shares
- 50,000
New
- M3-Brigade Acquisition VIMBVIU
- Share
- 1.3%
- Value
- $506,250
- Shares
- 50,000
Held
- Vine Hill CAP Invts Corp IIVHCPU
- Share
- 1.2%
- Value
- $501,050
- Shares
- 50,000
New
- Hall Chadwick AcquisitionHCACU
- Share
- 1.2%
- Value
- $501,000
- Shares
- 50,000
New
- Bluerock AcquisitionBLRKU
- Share
- 1.2%
- Value
- $500,000
- Shares
- 50,000
New
- Ithax Acquisition Corp IIIITHAU
- Share
- 1.2%
- Value
- $498,750
- Shares
- 50,000
New
- Bitcoin Infrastructure AcquiBIXIU
- Share
- 1.2%
- Value
- $498,000
- Shares
- 50,000
New
- TGE Value Creative SolutionsBEBE-U
- Share
- 1.2%
- Value
- $497,000
- Shares
- 50,000
New
- Invest Green Acquisition CORIGACU
- Share
- 1.2%
- Value
- $471,410
- Shares
- 47,000
New
- AA Mission AcquisitionYCY-U
- Share
- 1.1%
- Value
- $450,800
- Shares
- 44,700
New
- Silverbox Corp VSBXE-U
- Share
- 1.1%
- Value
- $434,089
- Shares
- 43,150
New
- Viking Acquisition Corp IVACI-U
- Share
- 0.9%
- Value
- $352,450
- Shares
- 35,000
New
- Aldel Financial IIALDF
- Share
- 0.8%
- Value
- $314,700
- Shares
- 30,000
-20%
- Jena Acquisition Corp IIJENA-U
- Share
- 0.6%
- Value
- $260,000
- Shares
- 25,000
Held
- Pyrophyte AcquisitionPAII-U
- Share
- 0.6%
- Value
- $259,188
- Shares
- 25,000
Held
- Newhold Invt Corp III
- Share
- 0.6%
- Value
- $259,125
- Shares
- 25,000
Held
- OTG Acquisition Corp. IOTGAU
- Share
- 0.6%
- Value
- $254,750
- Shares
- 25,000
-51%
- Solarius Capital AcquSOCAU
- Share
- 0.6%
- Value
- $254,750
- Shares
- 25,000
Held
- Karbon CAP PartnersKBONU
- Share
- 0.6%
- Value
- $251,625
- Shares
- 25,000
New
- Tailwind 2.0 Acquisition CORTDWDU
- Share
- 0.6%
- Value
- $251,500
- Shares
- 25,000
New
- Meshflow AcquisitionMESHU
- Share
- 0.6%
- Value
- $250,000
- Shares
- 25,000
New
- Grupo Aeromexico SAB de CVAERO
- Share
- 0.5%
- Value
- $219,600
- Shares
- 10,000
New
- Old MKT CAPOMCC
- Share
- 0.5%
- Value
- $209,743
- Shares
- 40,491
+13%
- Blue AcquisitionBACCU
- Share
- 0.5%
- Value
- $207,675
- Shares
- 19,741
Held
- Talon CAPTLNCU
- Share
- 0.5%
- Value
- $205,800
- Shares
- 20,000
-20%
- Axiom Intelligence AC Corp 1AXINU
- Share
- 0.5%
- Value
- $204,800
- Shares
- 20,000
Held
- EQV Ventures AC Corp. IIEVAC-U
- Share
- 0.5%
- Value
- $202,200
- Shares
- 20,000
Held
- Crane HBR Acquisition Corp ICRANU
- Share
- 0.5%
- Value
- $201,400
- Shares
- 20,000
New
- BTC DEVBDCIU
- Share
- 0.4%
- Value
- $152,100
- Shares
- 15,000
-25%
- Alussa Energy AcquisitALUB-U
- Share
- 0.4%
- Value
- $151,500
- Shares
- 15,000
New
- Insight Digital Partners IIDYORU
- Share
- 0.4%
- Value
- $150,395
- Shares
- 14,935
New
- Dynamix Corp IIIDNMXU
- Share
- 0.4%
- Value
- $149,092
- Shares
- 14,835
New
- GravityGRVY
- Share
- 0.4%
- Value
- $142,360
- Shares
- 2,460
New
- Figx CAP AcquisitionFIGXU
- Share
- 0.3%
- Value
- $121,020
- Shares
- 11,888
Held
- Cantor Equity Partners III ICAEP
- Share
- 0.3%
- Value
- $105,172
- Shares
- 10,311
-8%
- 1RT AcquisitionONCHU
- Share
- 0.3%
- Value
- $104,000
- Shares
- 10,000
Held
- Haymaker Acquisition Corp IVHYAC-WS
- Share
- 0.3%
- Value
- $102,303
- Shares
- 66,002
-59%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Haymaker Acquisition | 9.9% | $4m | 349,987 | +75% |
| Bold Eagle AcquisitionBEAG | 3.1% | $1m | 117,662 | -35% |
| RegisRGS | 2.3% | $913,974 | 32,936 | Held |
| Sturm RugerRGR | 2.2% | $864,735 | 26,485 | New |
| LegenceLGN | 2.1% | $854,344 | 19,850 | +99% |
| MedlineMDLN | 2.1% | $840,000 | 20,000 | New |
| Alliance Laundry HoldingsALH | 2.0% | $804,273 | 39,522 | New |
| WaterBridge InfrastructureWBI | 2.0% | $800,400 | 40,000 | +60% |
| Silicon VY AcquisitionSVAQU | 1.9% | $745,875 | 75,000 | New |
| NetskopeNTSK | 1.7% | $701,600 | 40,000 | +300% |
| Caris Life SciencesCAI | 1.6% | $636,728 | 23,600 | +174% |
| Gores Holdings XGTEN | 1.6% | $631,728 | 61,632 | +23% |
| Stonebridge Acquisition II CAPACU | 1.5% | $602,400 | 60,000 | Held |
| Miami International HoldingsMIAX | 1.4% | $576,940 | 13,000 | +97% |
| Roman DBDR Acquisition Corp. IIDRDB | 1.3% | $521,896 | 50,038 | Held |
| UL SolutionsULS | 1.3% | $515,350 | 6,535 | New |
| TeamsharesTMS | 1.3% | $515,000 | 50,000 | -50% |
| Cantor Equity Partners VCEPV | 1.3% | $512,500 | 50,000 | New |
| AI Infrastructure AcquisiAIIA-U | 1.3% | $509,000 | 50,000 | New |
| M3-Brigade Acquisition VIMBVIU | 1.3% | $506,250 | 50,000 | Held |
| Vine Hill CAP Invts Corp IIVHCPU | 1.2% | $501,050 | 50,000 | New |
| Hall Chadwick AcquisitionHCACU | 1.2% | $501,000 | 50,000 | New |
| Bluerock AcquisitionBLRKU | 1.2% | $500,000 | 50,000 | New |
| Ithax Acquisition Corp IIIITHAU | 1.2% | $498,750 | 50,000 | New |
| Bitcoin Infrastructure AcquiBIXIU | 1.2% | $498,000 | 50,000 | New |
| TGE Value Creative SolutionsBEBE-U | 1.2% | $497,000 | 50,000 | New |
| Via TransportationVIA | 1.2% | $494,562 | 17,048 | Held |
| Invest Green Acquisition CORIGACU | 1.2% | $471,410 | 47,000 | New |
| HeartflowHTFL | 1.2% | $463,981 | 15,917 | +112% |
| AA Mission AcquisitionYCY-U | 1.1% | $450,800 | 44,700 | New |
| Black Rock Coffee BarBRCB | 1.1% | $445,000 | 20,000 | +33% |
| AnterixATEX | 1.1% | $436,600 | 20,000 | -27% |
| Silverbox Corp VSBXE-U | 1.1% | $434,089 | 43,150 | New |
| ITTITT | 1.1% | $433,775 | 2,500 | New |
| StandardAeroSARO | 1.1% | $430,200 | 15,000 | -25% |
| Sonida Senior LivingSNDA | 1.0% | $411,277 | 12,612 | Held |
| Figure Technology SolutionsFIGR | 1.0% | $408,400 | 10,000 | +18% |
| Revolution MedicinesRVMD | 1.0% | $398,250 | 5,000 | Held |
| Circle Internet GroupCRCL | 1.0% | $396,500 | 5,000 | +233% |
| Centuri HoldingsCTRI | 0.9% | $378,750 | 15,000 | +12% |
| BullishBLSH | 0.9% | $378,700 | 10,000 | +4900% |
| BrightSpring Health ServicesBTSG | 0.9% | $374,500 | 10,000 | New |
| Kodiak Gas ServicesKGS | 0.9% | $374,000 | 10,000 | -33% |
| Klarna GroupKLAR | 0.9% | $358,600 | 12,404 | +13% |
| Viking Acquisition Corp IVACI-U | 0.9% | $352,450 | 35,000 | New |
| Aldel Financial IIALDF | 0.8% | $314,700 | 30,000 | -20% |
| Chime FinancialCHYM | 0.8% | $314,625 | 12,500 | -17% |
| Neptune Insurance HoldingsNP | 0.8% | $306,180 | 10,500 | New |
| Corebridge FinancialCRBG | 0.8% | $301,700 | 10,000 | +100% |
| PACS GroupPACS | 0.7% | $287,925 | 7,500 | -40% |
| CoherentCOHR | 0.7% | $276,855 | 1,500 | New |
| Jakks PacificJAKK | 0.7% | $274,064 | 16,236 | +47% |
| FigmaFIG | 0.7% | $261,590 | 7,000 | +600% |
| FACT II AcquisitionFACT | 0.6% | $260,250 | 25,000 | -80% |
| Jena Acquisition Corp IIJENA-U | 0.6% | $260,000 | 25,000 | Held |
| Pyrophyte AcquisitionPAII-U | 0.6% | $259,188 | 25,000 | Held |
| Newhold Invt Corp III | 0.6% | $259,125 | 25,000 | Held |
| OTG Acquisition Corp. IOTGAU | 0.6% | $254,750 | 25,000 | -51% |
| Solarius Capital AcquSOCAU | 0.6% | $254,750 | 25,000 | Held |
| Karbon CAP PartnersKBONU | 0.6% | $251,625 | 25,000 | New |
| Tailwind 2.0 Acquisition CORTDWDU | 0.6% | $251,500 | 25,000 | New |
| Meshflow AcquisitionMESHU | 0.6% | $250,000 | 25,000 | New |
| Slide Insurance HoldingsSLDE | 0.6% | $228,851 | 11,748 | -16% |
| Smithfield FoodsSFD | 0.6% | $223,300 | 10,000 | -60% |
| Grupo Aeromexico SAB de CVAERO | 0.5% | $219,600 | 10,000 | New |
| Ategrity Specialty Insurance Co HoldingsASIC | 0.5% | $216,403 | 10,300 | -33% |
| ImmunomeIMNM | 0.5% | $214,800 | 10,000 | New |
| Waystar HoldingWAY | 0.5% | $214,513 | 6,550 | -56% |
| KlaviyoKVYO | 0.5% | $212,159 | 6,534 | -35% |
| Old MKT CAPOMCC | 0.5% | $209,743 | 40,491 | +13% |
| Blue AcquisitionBACCU | 0.5% | $207,675 | 19,741 | Held |
| Talon CAPTLNCU | 0.5% | $205,800 | 20,000 | -20% |
| Axiom Intelligence AC Corp 1AXINU | 0.5% | $204,800 | 20,000 | Held |
| EQV Ventures AC Corp. IIEVAC-U | 0.5% | $202,200 | 20,000 | Held |
| Contango Silver & GoldCTGO | 0.5% | $201,508 | 7,630 | New |
| Crane HBR Acquisition Corp ICRANU | 0.5% | $201,400 | 20,000 | New |
| SailPointSAIL | 0.5% | $199,003 | 9,837 | -51% |
| DLH HoldingsDLHC | 0.5% | $196,654 | 34,806 | New |
| Lumexa Imaging HoldingsLMRI | 0.5% | $185,000 | 10,000 | New |
| Karman HoldingsKRMN | 0.5% | $182,925 | 2,500 | -50% |
| Rapport TherapeuticsRAPP | 0.5% | $182,040 | 6,000 | Held |
| Lakeland IndustriesLAKE | 0.5% | $181,927 | 20,580 | Held |
| CareTrust REITCTRE | 0.5% | $180,800 | 5,000 | Held |
| eToro GroupETOR | 0.4% | $175,650 | 5,000 | -50% |
| Phoenix Education PartnersPXED | 0.4% | $160,651 | 5,302 | New |
| Loar HoldingsLOAR | 0.4% | $157,828 | 2,321 | -69% |
| BTC DEVBDCIU | 0.4% | $152,100 | 15,000 | -25% |
| Alussa Energy AcquisitALUB-U | 0.4% | $151,500 | 15,000 | New |
| Insight Digital Partners IIDYORU | 0.4% | $150,395 | 14,935 | New |
| Dynamix Corp IIIDNMXU | 0.4% | $149,092 | 14,835 | New |
| GravityGRVY | 0.4% | $142,360 | 2,460 | New |
| Omada HealthOMDA | 0.3% | $139,543 | 8,843 | -41% |
| Vera TherapeuticsVERA | 0.3% | $126,600 | 2,500 | New |
| Figx CAP AcquisitionFIGXU | 0.3% | $121,020 | 11,888 | Held |
| U S Global InvestorsGROW | 0.3% | $105,541 | 43,793 | New |
| Cantor Equity Partners III ICAEP | 0.3% | $105,172 | 10,311 | -8% |
| 1RT AcquisitionONCHU | 0.3% | $104,000 | 10,000 | Held |
| Haymaker Acquisition Corp IVHYAC-WS | 0.3% | $102,303 | 66,002 | -59% |
| ClarusCLAR | 0.3% | $100,500 | 30,000 | -56% |
| MDU Resources GroupMDU | 0.2% | $97,600 | 5,000 | New |
Showing the largest 100 of 128.
Over time and by industry
Value over time
Jun '25
Dec '25
Value is up 2.9% since 30 June 2025.
Where the money is
Financial services17.7%
Industrials11.6%
Health care11.2%
Technology6.4%
Retail & consumer6.0%
Utilities2.2%
Energy2.0%
Media & telecom1.1%
Materials0.7%
Real estate0.7%
Everyday goods0.6%
Other39.9%
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.