TC
Torno Capital Portfolio holdings
AUM
$3.47B
Turnover
87.5%
1-Year Est. Return
37.88%
This Fund
S&P 500
This Quarter
Est. Return
+4.52%
1 Year Est. Return
+37.88%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$985M
AUM Growth
-$1.31B
(-57%)
Cap. Flow
-$489M
Cap. Flow
% of AUM
-49.65%
Top 10 Holdings %
Top 10 Hldgs %
65.55%
Holding
145
New
62
Increased
6
Reduced
9
Closed
59
Avg Time Held Equity + Options
0.2
years
Top 10 Avg Time Held Equity + Options
0.1
years
Top 20 Avg Time Held Equity + Options
0.1
years
Avg Time Held Equity only
0.1
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sprott Uranium Miners ETF
URNM
|
+$31.2M |
| 2 |
Global X Uranium ETF
URA
|
+$26.6M |
| 3 |
Sprott Junior Gold Miners ETF
SGDJ
|
+$24.7M |
| 4 |
Amplify Junior Silver Miners ETF
SILJ
|
+$15.3M |
| 5 |
iShares MSCI South Africa ETF
EZA
|
+$12.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KraneShares CSI China Internet ETF
KWEB
|
+$425M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$121M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$49.3M |
| 4 |
UnitedHealth
UNH
|
+$17.3M |
| 5 |
CoinShares Bitcoin and Ether ETF
BTF
|
+$3.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.94% |
| 2 | Communication Services | 6.04% |
| 3 | Financials | 0.41% |
| 4 | Consumer Discretionary | 0.39% |
| 5 | Consumer Staples | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
KraneShares CSI China Internet ETF
KWEB
$4.46B
| $164M | 16.69% |
4,830,000
+4,670,000
| +2,919% | +$180M |
2025 Q2
2 quarters
|
|
|
2
PUT
KraneShares CSI China Internet ETF
KWEB
$4.46B
| $137M | 13.87% |
4,015,000
-8,851,300
| -69% | -$340M |
2025 Q2
2 quarters
|
|
|
3
Alphabet (Google) Class A
GOOGL
$4.25T
| $58.7M | 5.96% |
187,500
-172,500
| -48% | -$49.3M |
2025 Q3
1 quarter
|
|
4
PUT
iShares MSCI South Korea ETF
EWY
$22.8B
| $55.4M | 5.62% |
+570,000
| New | +$52.1M |
2025 Q4
0 quarters
|
|
|
5
PUT
iShares MSCI South Africa ETF
EZA
$462M
| $44M | 4.46% |
+639,500
| New | +$42.4M |
2025 Q4
0 quarters
|
|
|
6
PUT
Sprott Junior Gold Miners ETF
SGDJ
$305M
| $41.5M | 4.21% |
+493,000
| New | +$38.7M |
2025 Q4
0 quarters
|
|
|
7
KraneShares CSI China Internet ETF
KWEB
$4.46B
| $39.2M | 3.97% |
1,150,000
-11,050,000
| -91% | -$425M |
2025 Q2
2 quarters
|
|
|
8
CALL
iShares MSCI South Korea ETF
EWY
$22.8B
| $38.9M | 3.95% |
+400,000
| New | +$36.6M |
2025 Q4
0 quarters
|
|
|
9
PUT
Sprott Uranium Miners ETF
URNM
$1.66B
| $37.6M | 3.81% |
+684,500
| New | +$39.6M |
2025 Q4
0 quarters
|
|
|
10
Sprott Uranium Miners ETF
URNM
$1.66B
| $29.6M | 3.01% |
+540,100
| New | +$31.2M |
2025 Q4
0 quarters
|
|
11
CALL
iShares China Large-Cap ETF
FXI
$3.9B
| $28.7M | 2.91% |
+750,000
| New | +$29.8M |
2025 Q4
0 quarters
|
|
|
12
Sprott Junior Gold Miners ETF
SGDJ
$305M
| $26.4M | 2.68% |
+314,000
| New | +$24.7M |
2025 Q4
0 quarters
|
|
|
13
PUT
Global X Uranium ETF
URA
$5.02B
| $25.3M | 2.57% |
+592,400
| New | +$28.7M |
2025 Q4
0 quarters
|
|
|
14
Global X Uranium ETF
URA
$5.02B
| $23.5M | 2.38% |
+550,000
| New | +$26.6M |
2025 Q4
0 quarters
|
|
15
PUT
Dell
DELL
$323B
| $18.9M | 1.92% |
+150,000
| New | +$21.1M |
2025 Q4
0 quarters
|
|
16
CALL
Blackrock
BLK
$166B
| $17.6M | 1.78% |
+16,400
| New | +$17.9M |
2025 Q4
0 quarters
|
|
|
17
Amplify Junior Silver Miners ETF
SILJ
$3.21B
| $17.2M | 1.74% |
+620,500
| New | +$15.3M |
2025 Q4
0 quarters
|
|
|
18
PUT
Blackrock
BLK
$166B
| $16.3M | 1.65% |
+15,200
| New | +$16.6M |
2025 Q4
0 quarters
|
|
19
CALL
Lumentum
LITE
$81.2B
| $13.4M | 1.36% |
36,400
-124,600
| -77% | -$32M |
2025 Q3
1 quarter
|
|
|
20
iShares MSCI South Africa ETF
EZA
$462M
| $12.7M | 1.29% |
+185,000
| New | +$12.3M |
2025 Q4
0 quarters
|
|
21
PUT
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.28B
| $10.6M | 1.07% |
360,000
-90,000
| -20% | -$2.71M |
2025 Q3
1 quarter
|
|
22
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$17B
| $8.84M | 0.9% |
210,300
-1,712,700
| -89% | -$71.5M |
2025 Q1
3 quarters
|
|
23
PUT
Cisco
CSCO
$448B
| $8.67M | 0.88% |
112,500
| – | – |
2025 Q3
1 quarter
|
|
24
CALL
iShares Bitcoin Trust
IBIT
$65.7B
| $6.85M | 0.7% |
138,000
| – | – |
2025 Q3
1 quarter
|
|
25
Global X Silver Miners ETF NEW
SIL
$4.03B
| $6.26M | 0.64% |
+75,000
| New | +$5.53M |
2025 Q4
0 quarters
|
|
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Torno Capital's Q4 2025 Portfolio in Review
As of Q4 2025, Torno Capital held 145 positions worth $985M, down 57% from $2.29B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Torno Capital withdrew a net $489M in Q4 2025, closing 59 positions and reducing 9 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $121M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 93% of assets, up from 90% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Torno Capital opened a new position in Sprott Uranium Miners ETF worth $29.6M.
- Torno Capital's largest Q4 2025 buy was Sprott Uranium Miners ETF: 540,100 shares worth $29.6M.
- Torno Capital added most to Empery Digital in Q4 2025, an estimated $3.86M increase.
- Torno Capital's biggest Q4 2025 reduction was KraneShares CSI China Internet ETF, cutting an estimated $425M.
- Torno Capital fully exited Alphabet (Google) Class C in Q4 2025, selling an estimated $121M.
- Torno Capital's ten largest holdings make up 66% of its $985M portfolio in Q4 2025.
- Torno Capital opened 62 new positions and closed 59 in Q4 2025.
- Torno Capital's portfolio value fell 57% quarter-over-quarter to $985M.
Based on Torno Capital's 13F filing for Q4 2025, filed 17 Feb 2026.