Volterra Technologies LP's Q3 2025 13F: 74 new positions, 79 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Nov 14, 2025 · 106 reported positions · accession 0001172661-25-004786
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | SELECT SECTOR SPDR TR (XLY) | — | 9.5% | +9.5 pts | +59,533 sh | new |
| Exited | MASTERCARD INCORPORATED (MA) | 5.6% | — | −5.6 pts | −7,345 sh | −100% |
| New | SELECT SECTOR SPDR TR (XLV) | — | 4.9% | +4.9 pts | +52,967 sh | new |
| Increased | SELECT SECTOR SPDR TR (XLF) | 7.3% | 7.9% | +0.6 pts | +118K sh | +115% |
| New | VALERO ENERGY CORP (VLO) | — | 3.8% | +3.8 pts | +33,409 sh | new |
| Exited | HILTON WORLDWIDE HLDGS INC (HLT) | 3.7% | — | −3.7 pts | −10,365 sh | −100% |
| Increased | SPDR SERIES TRUST (XME) | 13.2% | 12.6% | −0.6 pts | +58,483 sh | +40% |
| Exited | MERCK & CO INC (MRK) | 2.7% | — | −2.7 pts | −25,511 sh | −100% |
| New | SELECT SECTOR SPDR TR (XLE) | — | 2.7% | +2.7 pts | +44,961 sh | new |
| Increased | LAM RESEARCH CORP (LRCX) | 1.1% | 3.1% | +2.0 pts | +26,862 sh | +330% |
| New | WESTERN DIGITAL CORP (WDC) | — | 2.3% | +2.3 pts | +28,855 sh | new |
| New | MICRON TECHNOLOGY INC (MU) | — | 2.2% | +2.2 pts | +19,962 sh | new |
| New | SALESFORCE INC (CRM) | — | 2.1% | +2.1 pts | +13,495 sh | new |
| Increased | ISHARES TR (TLT) | 1.7% | 3.0% | +1.2 pts | +35,660 sh | +246% |
| New | APPLIED MATLS INC (AMAT) | — | 1.9% | +1.9 pts | +13,754 sh | new |
| Exited | BLACKSTONE INC (BX) | 1.8% | — | −1.8 pts | −9,023 sh | −100% |
| New | SELECT SECTOR SPDR TR (XLI) | — | 1.8% | +1.8 pts | +17,706 sh | new |
| Exited | COINBASE GLOBAL INC (COIN) | 1.7% | — | −1.7 pts | −3,690 sh | −100% |
| Exited | CHIPOTLE MEXICAN GRILL INC (CMG) | 1.6% | — | −1.6 pts | −21,158 sh | −100% |
| New | KIMBERLY-CLARK CORP (KMB) | — | 1.5% | +1.5 pts | +18,713 sh | new |
| Exited | BECTON DICKINSON & CO (BDX) | 1.5% | — | −1.5 pts | −6,430 sh | −100% |
| Reduced | AFLAC INC (AFL) | 3.2% | 0.3% | −2.9 pts | −18,674 sh | −84% |
| New | SEAGATE TECHNOLOGY HLDNGS PL (STX) | — | 1.3% | +1.3 pts | +8,573 sh | new |
| New | ISHARES TR (IBB) | — | 1.3% | +1.3 pts | +13,495 sh | new |
| New | CORNING INC (GLW) | — | 1.3% | +1.3 pts | +23,685 sh | new |
| Exited | ORACLE CORP (ORCL) | 1.3% | — | −1.3 pts | −4,328 sh | −100% |
| Increased | SHERWIN WILLIAMS CO (SHW) | 0.5% | 1.5% | +1.0 pts | +5,558 sh | +567% |
| Exited | KEYSIGHT TECHNOLOGIES INC (KEYS) | 1.3% | — | −1.3 pts | −5,735 sh | −100% |
| Increased | SELECT SECTOR SPDR TR (XLU) | 2.1% | 2.3% | +0.2 pts | +20,745 sh | +109% |
| Exited | VISA INC (V) | 1.2% | — | −1.2 pts | −2,472 sh | −100% |
| Exited | T-MOBILE US INC (TMUS) | 1.2% | — | −1.2 pts | −3,631 sh | −100% |
| Increased | SYNOPSYS INC (SNPS) | 0.1% | 1.2% | +1.1 pts | +3,530 sh | +1665% |
| New | PAYCHEX INC (PAYX) | — | 1.2% | +1.2 pts | +13,734 sh | new |
| New | INTUITIVE SURGICAL INC (ISRG) | — | 1.1% | +1.1 pts | +3,720 sh | new |
| New | COMCAST CORP NEW (CMCSA) | — | 1.1% | +1.1 pts | +51,916 sh | new |
| Exited | INTERNATIONAL BUSINESS MACHS (IBM) | 1.1% | — | −1.1 pts | −2,653 sh | −100% |
| Exited | PUBLIC SVC ENTERPRISE GRP IN (PEG) | 1.0% | — | −1.0 pts | −8,798 sh | −100% |
| Exited | TRAVELERS COMPANIES INC (TRV) | 1.0% | — | −1.0 pts | −2,759 sh | −100% |
| Exited | FIRSTENERGY CORP (FE) | 1.0% | — | −1.0 pts | −18,318 sh | −100% |
| Increased | CVS HEALTH CORP (CVS) | 0.5% | 1.2% | +0.8 pts | +19,709 sh | +399% |
| Exited | GODADDY INC (GDDY) | 1.0% | — | −1.0 pts | −4,035 sh | −100% |
| Exited | REDDIT INC (RDDT) | 1.0% | — | −1.0 pts | −4,729 sh | −100% |
| New | ISHARES TR (EEM) | — | 1.0% | +1.0 pts | +26,832 sh | new |
| Exited | KENVUE INC (KVUE) | 0.9% | — | −0.9 pts | −33,420 sh | −100% |
| Exited | CHENIERE ENERGY INC (LNG) | 0.9% | — | −0.9 pts | −2,826 sh | −100% |
| Exited | AMERICAN ELEC PWR CO INC (AEP) | 0.9% | — | −0.9 pts | −6,583 sh | −100% |
| Exited | PG&E CORP (PCG) | 0.9% | — | −0.9 pts | −48,092 sh | −100% |
| Exited | WILLIAMS COS INC (WMB) | 0.9% | — | −0.9 pts | −10,501 sh | −100% |
| Exited | FERGUSON ENTERPRISES INC (FERG) | 0.9% | — | −0.9 pts | −2,904 sh | −100% |
| Exited | L3HARRIS TECHNOLOGIES INC (LHX) | 0.9% | — | −0.9 pts | −2,514 sh | −100% |
The 50 largest of 185 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 51.9% of the equity book
Changes in the top 10 this quarter: XLY entered · XLV entered · VLO entered · LRCX entered · XLE entered · WDC entered · MA left · HLT left · AFL left · MRK left · BX left · COIN left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR SERIES TRUST (XME) | 13.2% | 12.6% | |
| 2 | SELECT SECTOR SPDR TR (XLY) | 0.0% | 9.5% | Entered the top 10 |
| 3 | SELECT SECTOR SPDR TR (XLF) | 7.3% | 7.9% | |
| 4 | SELECT SECTOR SPDR TR (XLV) | 0.0% | 4.9% | Entered the top 10 |
| 5 | VALERO ENERGY CORP (VLO) | 0.0% | 3.8% | Entered the top 10 |
| 6 | LAM RESEARCH CORP (LRCX) | 1.1% | 3.1% | Entered the top 10 |
| 7 | ISHARES TR (TLT) | 1.7% | 3.0% | |
| 8 | SELECT SECTOR SPDR TR (XLE) | 0.0% | 2.7% | Entered the top 10 |
| 9 | SELECT SECTOR SPDR TR (XLU) | 2.1% | 2.3% | |
| 10 | WESTERN DIGITAL CORP (WDC) | 0.0% | 2.3% | Entered the top 10 |
| — | MASTERCARD INCORPORATED (MA) | 5.6% | 0.0% | Left the top 10 |
| — | HILTON WORLDWIDE HLDGS INC (HLT) | 3.7% | 0.0% | Left the top 10 |
| — | AFLAC INC (AFL) | 3.2% | 0.3% | Left the top 10 |
| — | MERCK & CO INC (MRK) | 2.7% | 0.0% | Left the top 10 |
| — | BLACKSTONE INC (BX) | 1.8% | 0.0% | Left the top 10 |
| — | COINBASE GLOBAL INC (COIN) | 1.7% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Increased | ISHARES TR (EFA) | Put | 7,000 | 422K | $39.4M |
| Increased | SPDR DOW JONES INDL AVERAGE (DIA) | Call | 33,000 | 91,600 | $42.5M |
| Increased | ISHARES TR (EFA) | Call | 700 | 297K | $27.7M |
| New | SPDR SERIES TRUST (XME) | Put | 0 | 230K | $21.4M |
| Exited | ISHARES INC (EWZ) | Put | 678K | 0 | $0 |
| Increased | SPDR DOW JONES INDL AVERAGE (DIA) | Put | 14,300 | 55,200 | $25.6M |
| New | SPDR SERIES TRUST (XME) | Call | 0 | 204K | $19M |
| Reduced | INVESCO QQQ TR (QQQ) | Call | 61,200 | 28,500 | $17.1M |
| Increased | BERKSHIRE HATHAWAY INC DEL (BRK-B) | Call | 5,200 | 36,100 | $18.1M |
| Increased | BERKSHIRE HATHAWAY INC DEL (BRK-B) | Put | 5,400 | 34,100 | $17.1M |
| Reduced | INVESCO QQQ TR (QQQ) | Put | 59,600 | 31,100 | $18.7M |
| Increased | SALESFORCE INC (CRM) | Put | 11,700 | 58,000 | $13.7M |
| New | STARBUCKS CORP (SBUX) | Call | 0 | 124K | $10.5M |
| Exited | ISHARES INC (EWZ) | Call | 335K | 0 | $0 |
| Increased | WORKDAY INC (WDAY) | Call | 5,500 | 45,600 | $11M |
| New | STARBUCKS CORP (SBUX) | Put | 0 | 114K | $9.61M |
| Increased | SALESFORCE INC (CRM) | Call | 11,100 | 53,300 | $12.6M |
| Increased | WORKDAY INC (WDAY) | Put | 4,500 | 43,300 | $10.4M |
| New | SERVICENOW INC (NOW) | Put | 0 | 10,100 | $9.29M |
| Increased | SPDR S&P 500 ETF TR (SPY) | Call | 50,500 | 60,700 | $40.4M |
| New | SERVICENOW INC (NOW) | Call | 0 | 10,000 | $9.2M |
| New | KIMBERLY-CLARK CORP (KMB) | Call | 0 | 71,800 | $8.93M |
| Increased | ADOBE INC (ADBE) | Call | 11,500 | 37,600 | $13.3M |
| Increased | SPDR S&P 500 ETF TR (SPY) | Put | 54,600 | 63,700 | $42.4M |
| Increased | ADOBE INC (ADBE) | Put | 11,000 | 35,900 | $12.7M |