GHISALLO CAPITAL MANAGEMENT LLC
Q2 2025 Form 13-F
GREENWICH, CONNECTICUT
CIK 0001825214
· CRD 309856
· SEC-registered investment adviser
$3.7B Reported Value Total
GHISALLO CAPITAL MANAGEMENT LLC reports 6 total accounts under management (AUM). There are 6 discretionary accounts valued at $3,817,942,099, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
4 funds
· $5.0B gross asset value
Hedge Fund: $5.0B
Source: Form ADV filed 2026-08-25
Reported value
$3.7B
Quarter over quarter
+2.2%
Holdings
185
Top-10 concentration
46.0%
Key People
Form ADV owners & control persons
Michael Walter Germino
MEMBER
Paula Alexandra Eliason
CHIEF COMPLIANCE OFFICER
Adam Thomas Reich
CHIEF FINANCIAL OFFICER
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | August 14, 2025 |
| Form | 13F-HR |
| Reported value | $3.7B |
| Positions | 185 |
| Change in reported value | +225.8% |
| New positions | 114 |
| Exited positions | 38 |
| Position turnover | 68.2% |
| Top-10 concentration | 46.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
300 | $5.1B |
|
Q1 2026 13F
Filed May 15, 2026
|
275 | $3.6B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
206 | $2.2B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
215 | $3.1B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
185 | $3.7B |
|
Q1 2025 13F
Filed May 15, 2025
|
109 | $1.1B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
109 | $1.7B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
133 | $2.0B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
120 | $1.2B |
|
Q1 2024 13F
Filed May 15, 2024
|
101 | $877.5M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
116 | $967.2M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
115 | $978.5M |
|
Q2 2023 13F
Filed Aug 14, 2023
|
119 | $837.7M |
|
Q1 2023 13F
Filed May 15, 2023
|
69 | $416.2M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
131 | $561.7M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
244 | $749.2M |
|
Q2 2022 13F
Filed Aug 9, 2022
|
273 | $810.2M |
|
Q1 2022 13F
Filed May 10, 2022
|
286 | $922.6M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
444 | $2.0B |
|
Q3 2021 13F
Filed Nov 12, 2021
|
456 | $2.6B |
3 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | TMUS T-MOBILE US INC | $536.1M | 14.32% |
| 2 | BRO BROWN & BROWN INC | $232.8M | 6.22% |
| 3 | DELL DELL TECHNOLOGIES INC | $183.9M | 4.91% |
| 4 | YN1128530 PINGA 06/11/30 CVT PUT | $174.3M | 4.66% |
| 5 | ADT ADT INC DEL | $130.8M | 3.49% |
| 6 | LOAR LOAR HOLDINGS INC | $101.2M | 2.71% |
| 7 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | $97.1M | 2.6% |
| 8 | NDAQ NASDAQ INC | $89.4M | 2.39% |
| 9 | PRMB PRIMO BRANDS CORPORATION | $88.9M | 2.37% |
| 10 | CHWY CHEWY INC | $85.2M | 2.28% |
| 11 | MMYT MAKEMYTRIP LIMITED MAURITIUS | $73.5M | 1.96% |
| 12 | 56087FAC8 MMYT 07/01/30 CVT PUT | $69.1M | 1.85% |
| 13 | SARO STANDARDAERO INC | $68.5M | 1.83% |
| 14 | LPLA LPL FINL HLDGS INC | $65.1M | 1.74% |
| 15 | GRAB GRAB 06/15/30 CVT PUT | $50.5M | 1.35% |
| 16 | ESLT ELBIT SYS LTD | $45.0M | 1.2% |
| 17 | QXO QXO INC | $43.1M | 1.15% |
| 18 | BABA 0.5 06/01/31 ALIBABA GROUP HLDG LTD | $41.4M | 1.11% |
| 19 | SNDK SANDISK CORP | $41.0M | 1.1% |
| 20 | AS AMER SPORTS INC | $38.8M | 1.04% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.