Union Square Park Capital Management, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Union Square Park Capital Management, LLC maintained a portfolio of 68 distinct positions. The most significant new addition to the portfolio was AIRBNB INC, which now represents 1.96% of the total fund value. They heavily accumulated shares in INVESCO QQQ TR, increasing their position by 100.0%. Conversely, Union Square Park Capital Management, LLC completely exited their position in PELOTON INTERACTIVE .
PCA Score Concentration Risk
Risk ENB
Total Positions
68
Quarter
2025 Q4
Top Holding
QQQ (14.8%)
Top 10 Concentration
58.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 68
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
QQQ
INVESCO QQQ TR
PUT
PUT Option 14.77% 5.34% #1 2
Prev: #3
9.0 25,000 100.0%
P
S
50,000 $30,715,500 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
PUT
PUT Option 14.75% 22.04% #2 1
Prev: #1
5.5 -48,000 -51.6%
P
S
45,000 $30,686,400 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RH
RH
Consumer Cyclical 4.74% 3.61% #3 1
Prev: #4
4.9 5,000 10.0%
P
S
55,000 $9,853,250 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RMBL
RIDENOW GROUP I...
Unknown 4.21% 2.71% #4 4
Prev: #8
2.7 -143,267 -8.3%
P
S
1,587,491 $8,762,950 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CZR
CAESARS ENTERTA...
Consumer Cyclical 3.82% 3.27% #5 1
Prev: #6
3.0 no change no change
P
S
340,000 $7,952,600 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COMP
COMPASS INC
Real Estate 3.39% 3.28% #6 1
Prev: #5
1.4 -482,113 -41.9%
P
S
667,287 $7,053,224 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TDOC
TELADOC HEALTH ...
Healthcare 3.37% 0.82% #7 26
Prev: #33
4.3 700,000 233.3%
P
S
1,000,000 $7,000,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PTON
PELOTON INTERAC...
Consumer Cyclical 3.26% 1.60% #8 8
Prev: #16
4.3 600,000 120.0%
P
S
1,100,000 $6,776,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ESTA
ESTABLISHMENT L...
Healthcare 3.15% 2.55% #9 1
Prev: #10
1.3 -85,000 -48.6%
P
S
90,000 $6,559,200 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PYPL
PAYPAL HLDGS IN...
Financial Services 2.74% 1.19% #10 12
Prev: #22
4.1 47,500 95.0%
P
S
97,500 $5,692,050 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ILPT
INDUSTRIAL LOGI...
Bond/Debt 2.48% 1.97% #11 1
Prev: #12
1.5 -20,000 -2.1%
P
S
930,000 $5,152,200 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IWM
ISHARES TR
PUT
PUT Option 2.37% 9.90% #12 10
Prev: #2
0.9 -95,000 -82.6%
P
S
20,000 $4,923,200 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LYFT
LYFT INC
Technology 2.33% 1.21% #13 7
Prev: #20
3.9 95,000 61.3%
P
S
250,000 $4,842,500 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LYFT
LYFT INC
CALL
CALL Option 2.28% 3.13% #14 7
Prev: #7
0.9 -155,000 -38.8%
P
S
245,000 $4,745,650 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ABNB
AIRBNB INC
Consumer Cyclical 1.96% 0.48% #16 31
Prev: #47
3.8 19,000 172.7%
P
S
30,000 $4,071,600 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ABNB
AIRBNB INC
CALL
CALL Option 1.96% #15
Prev: #—
4.3 30,000 no change
NEW
30,000 $4,071,600 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AIV
APARTMENT INVT ...
Real Estate 1.86% 0.73% #17 21
Prev: #38
3.7 390,000 150.0%
P
S
650,000 $3,861,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DBI
DESIGNER BRANDS...
Consumer Cyclical 1.79% 1.26% #18
Prev: #18
0.7 -500,000 -50.0%
P
S
500,000 $3,715,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SPWH
SPORTSMANS WHSE...
Consumer Cyclical 1.67% 1.76% #19 4
Prev: #15
3.2 596,658 33.5%
P
S
2,378,681 $3,472,874 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NVRI
ENVIRI CORP
Industrials 1.55% #20
Prev: #—
4.1 180,000 no change
NEW
180,000 $3,225,600 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COMP
COMPASS INC
CALL
CALL Option 1.52% 0.57% #21 22
Prev: #43
3.6 100,000 50.0%
P
S
300,000 $3,171,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LION
LIONSGATE STUDI...
Unknown 1.32% 0.53% #22 22
Prev: #44
3.0 85,100 39.6%
P
S
300,000 $2,739,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QCOM
QUALCOMM INC
Technology 1.23% #23
Prev: #—
4.0 15,000 no change
NEW
15,000 $2,565,750 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CTRI
CENTURI HOLDING...
Utilities 1.21% 0.45% #24 24
Prev: #48
3.5 40,000 66.7%
P
S
100,000 $2,525,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HGV
HILTON GRAND VA...
Consumer Cyclical 1.18% 1.19% #25 2
Prev: #23
0.5 -25,000 -31.2%
P
S
55,000 $2,461,250 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PTON
PELOTON INTERAC...
CALL
CALL Option 0.00% 2.56%
Sold All 😨
(Was: #9)
0.0 -800,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UNH
UNITEDHEALTH GR...
Healthcare 0.00% 1.84%
Sold All 😨
(Was: #13)
0.0 -15,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MHK
MOHAWK INDS INC
Consumer Cyclical 0.00% 1.83%
Sold All 😨
(Was: #14)
0.0 -40,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FWRD
FORWARD AIR COR...
Industrials 0.00% 1.37%
Sold All 😨
(Was: #17)
0.0 -150,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ORCL
ORACLE CORP
Technology 0.00% 1.25%
Sold All 😨
(Was: #19)
0.0 -12,500 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CORZW
CORE SCIENTIFIC...
Unknown 0.00% 1.14%
Sold All 😨
(Was: #27)
0.0 -275,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VYX
NCR VOYIX CORPO...
Technology 0.00% 0.89%
Sold All 😨
(Was: #30)
0.0 -200,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 0.00% 0.87%
Sold All 😨
(Was: #31)
0.0 -10,000 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SOC
SABLE OFFSHORE ...
Energy 0.00% 0.85%
Sold All 😨
(Was: #32)
0.0 -136,500 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FWRD
FORWARD AIR COR...
CALL
CALL Option 0.00% 0.82%
Sold All 😨
(Was: #34)
0.0 -90,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KMX
CARMAX INC
CALL
CALL Option 0.00% 0.80%
Sold All 😨
(Was: #35)
0.0 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SRPT
SAREPTA THERAPE...
Healthcare 0.00% 0.72%
Sold All 😨
(Was: #39)
0.0 -105,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MOH
MOLINA HEALTHCA...
Healthcare 0.00% 0.68%
Sold All 😨
(Was: #41)
0.0 -10,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CORZ
CORE SCIENTIFIC...
CALL
CALL Option 0.00% 0.64%
Sold All 😨
(Was: #42)
0.0 -100,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DOCU
DOCUSIGN INC
Technology 0.00% 0.51%
Sold All 😨
(Was: #45)
0.0 -20,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BTBT
BIT DIGITAL INC
Financial Services 0.00% 0.32%
Sold All 😨
(Was: #50)
0.0 -300,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WOOF
PETCO HEALTH & ...
Consumer Cyclical 0.00% 0.24%
Sold All 😨
(Was: #52)
0.0 -175,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WBD
WARNER BROS DIS...
CALL
CALL Option 0.00% 0.21%
Sold All 😨
(Was: #53)
0.0 -30,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
YEXT
YEXT INC
Technology 0.00% 0.15%
Sold All 😨
(Was: #54)
0.0 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 68 holdings

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