GRITSTONE ASSET MANAGEMENT LLC
Q2 2025 Form 13-F
BETHESDA, MARYLAND
CIK 0001964236
· CRD 298500
· SEC-registered investment adviser
$101.1M Reported Value Total
GRITSTONE ASSET MANAGEMENT LLC reports 38 total accounts under management (AUM). There are 38 discretionary accounts valued at $106,351,918, 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)
1 fund
· $16.3M gross asset value
Hedge Fund: $16.3M
Source: Form ADV filed 2026-03-19
Reported value
$101.1M
Quarter over quarter
+4.5%
Holdings
120
Top-10 concentration
44.7%
Key People
Form ADV owners & control persons
Justin George De Orellana Cressall
MANAGING MEMBER
Thomas Albert Mchale
MANAGING MEMBER
Nicholas Burton Skibo
MANAGING MEMBER & CCO
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13F Metrics
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | July 25, 2025 |
| Form | 13F-HR |
| Reported value | $101.1M |
| Positions | 120 |
| Change in reported value | +6.1% |
| New positions | 57 |
| Exited positions | 26 |
| Position turnover | 56.9% |
| Top-10 concentration | 44.7% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 26, 2026
|
195 | $103.1M |
|
Q2 2026 13F
Filed Aug 6, 2026
|
174 | $104.0M |
|
Q1 2026 13F
Filed May 5, 2026
|
154 | $93.6M |
|
Q4 2025 13F
Filed Jan 23, 2026
|
148 | $104.8M |
|
Q3 2025 13F
Filed Nov 4, 2025
|
124 | $97.2M |
|
Q2 2025 13F
Filed Jul 25, 2025
|
120 | $101.1M |
|
Q1 2025 13F
Filed May 15, 2025
|
89 | $95.3M |
|
Q4 2024 13F
Filed May 15, 2025
|
87 | $94.4M |
|
Q3 2023 13F
Filed Oct 20, 2023
|
121 | $79.6M |
|
Q2 2023 13F
Filed Aug 7, 2023
|
131 | $81.6M |
|
Q1 2023 13F
Filed May 5, 2023
|
167 | $78.9M |
|
Q4 2022 13F
Filed Feb 8, 2023
|
213 | $78.6M |
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | ARCC ARES CAPITAL CORP | $9.8M | 9.71% |
| 2 | CCIX CHURCHILL CAPITAL CORP IX | $5.7M | 5.64% |
| 3 | MBAV M3BRIGADE ACQUISITION V CORP | $4.6M | 4.54% |
| 4 | FTW EQV VENTURES ACQUISITION COR | $4.3M | 4.24% |
| 5 | ALDF ALDEL FINL II INC | $4.2M | 4.14% |
| 6 | OACC OAKTREE ACQUISITION CORP III | $4.2M | 4.12% |
| 7 | BEAG BOLD EAGLE ACQUISITION CORP | $3.7M | 3.61% |
| 8 | ALF CENTURION ACQUISITION CORP | $3.1M | 3.07% |
| 9 | CUBWU LIONHEART HOLDINGS | $3.1M | 3.06% |
| 10 | DYNC DYNAMIX CORP | $2.6M | 2.52% |
| 11 | POLE ANDRETTI ACQUISITION CORP II | $2.5M | 2.48% |
| 12 | SBXD SILVERBOX CORP IV | $2.4M | 2.41% |
| 13 | VCIC VINE HILL CAP INVT CORP. | $2.1M | 2.05% |
| 14 | BACQ BLEICHROEDER ACQUISITION COR | $2.1M | 2.03% |
| 15 | WLAC WILLOW LANE ACQUISITION CORP | $2.0M | 2.02% |
| 16 | RAC RITHM ACQUISITION CORP | $2.0M | 2.02% |
| 17 | HVII HENNESSY CAP INVT CORP VII | $2.0M | 2.01% |
| 18 | AACB ARTIUS II ACQUISITION INC | $2.0M | 2.0% |
| 19 | HOND HCM II ACQUISITION CORP | $1.9M | 1.91% |
| 20 | GRAF GRAF GLOBAL CORP | $1.9M | 1.86% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.