Volterra Technologies LP's Q4 2025 13F: 71 new positions, 72 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Feb 13, 2026 · 105 reported positions · accession 0001172661-26-000799
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | INVESCO QQQ TR (QQQ) | — | 13.7% | +13.7 pts | +21,813 sh | new |
| Exited | SPDR SERIES TRUST (XME) | 12.6% | — | −12.6 pts | −204K sh | −100% |
| Reduced | SELECT SECTOR SPDR TR (XLF) | 7.9% | 0.8% | −7.1 pts | −207K sh | −93% |
| Increased | SELECT SECTOR SPDR TR (XLI) | 1.8% | 9.7% | +7.9 pts | +43,182 sh | +244% |
| Increased | GENERAL MTRS CO (GM) | 0.5% | 6.2% | +5.7 pts | +62,822 sh | +554% |
| Exited | SELECT SECTOR SPDR TR (XLV) | 4.9% | — | −4.9 pts | −52,967 sh | −100% |
| Reduced | SELECT SECTOR SPDR TR (XLY) | 9.5% | 10.7% | +1.3 pts | −31,450 sh | −26% |
| Reduced | SELECT SECTOR SPDR TR (XLE) | 2.7% | 0.3% | −2.3 pts | −82,899 sh | −92% |
| Exited | VALERO ENERGY CORP (VLO) | 3.8% | — | −3.8 pts | −33,409 sh | −100% |
| Exited | LAM RESEARCH CORP (LRCX) | 3.1% | — | −3.1 pts | −34,993 sh | −100% |
| Exited | ISHARES TR (TLT) | 3.0% | — | −3.0 pts | −50,154 sh | −100% |
| Reduced | SELECT SECTOR SPDR TR (XLU) | 2.3% | 1.1% | −1.2 pts | −54,485 sh | −69% |
| Exited | WESTERN DIGITAL CORP (WDC) | 2.3% | — | −2.3 pts | −28,855 sh | −100% |
| Exited | MICRON TECHNOLOGY INC (MU) | 2.2% | — | −2.2 pts | −19,962 sh | −100% |
| New | AMERICAN INTL GROUP INC (AIG) | — | 2.2% | +2.2 pts | +24,926 sh | new |
| Exited | SALESFORCE INC (CRM) | 2.1% | — | −2.1 pts | −13,495 sh | −100% |
| Reduced | SHERWIN WILLIAMS CO (SHW) | 1.5% | 0.1% | −1.4 pts | −6,298 sh | −96% |
| New | COINBASE GLOBAL INC (COIN) | — | 1.9% | +1.9 pts | +8,348 sh | new |
| Exited | APPLIED MATLS INC (AMAT) | 1.9% | — | −1.9 pts | −13,754 sh | −100% |
| Reduced | SEAGATE TECHNOLOGY HLDNGS PL (STX) | 1.3% | 0.6% | −0.8 pts | −6,607 sh | −77% |
| Increased | UNITED AIRLS HLDGS INC (UAL) | 0.1% | 1.9% | +1.8 pts | +15,167 sh | +1214% |
| New | ABBVIE INC (ABBV) | — | 1.7% | +1.7 pts | +7,349 sh | new |
| New | DEERE & CO (DE) | — | 1.6% | +1.6 pts | +3,419 sh | new |
| Exited | KIMBERLY-CLARK CORP (KMB) | 1.5% | — | −1.5 pts | −18,713 sh | −100% |
| New | NEWMONT CORP (NEM) | — | 1.3% | +1.3 pts | +13,038 sh | new |
| Exited | ISHARES TR (IBB) | 1.3% | — | −1.3 pts | −13,495 sh | −100% |
| Exited | CORNING INC (GLW) | 1.3% | — | −1.3 pts | −23,685 sh | −100% |
| Exited | CVS HEALTH CORP (CVS) | 1.2% | — | −1.2 pts | −24,644 sh | −100% |
| Exited | SYNOPSYS INC (SNPS) | 1.2% | — | −1.2 pts | −3,742 sh | −100% |
| Increased | AMGEN INC (AMGN) | 0.1% | 1.3% | +1.2 pts | +3,470 sh | +1266% |
| Exited | PAYCHEX INC (PAYX) | 1.2% | — | −1.2 pts | −13,734 sh | −100% |
| New | CARRIER GLOBAL CORPORATION (CARR) | — | 1.1% | +1.1 pts | +21,118 sh | new |
| New | ROBLOX CORP (RBLX) | — | 1.1% | +1.1 pts | +13,419 sh | new |
| Exited | INTUITIVE SURGICAL INC (ISRG) | 1.1% | — | −1.1 pts | −3,720 sh | −100% |
| Exited | COMCAST CORP NEW (CMCSA) | 1.1% | — | −1.1 pts | −51,916 sh | −100% |
| New | SEMPRA (SRE) | — | 1.0% | +1.0 pts | +11,514 sh | new |
| New | ECOLAB INC (ECL) | — | 1.0% | +1.0 pts | +3,867 sh | new |
| New | VERTIV HOLDINGS CO (VRT) | — | 1.0% | +1.0 pts | +6,160 sh | new |
| New | FORTINET INC (FTNT) | — | 1.0% | +1.0 pts | +12,550 sh | new |
| New | UNITED PARCEL SERVICE INC (UPS) | — | 1.0% | +1.0 pts | +10,043 sh | new |
| New | NASDAQ INC (NDAQ) | — | 1.0% | +1.0 pts | +9,946 sh | new |
| New | BRISTOL-MYERS SQUIBB CO (BMY) | — | 1.0% | +1.0 pts | +17,856 sh | new |
| Exited | CRH PLC (CRH) | 1.0% | — | −1.0 pts | −12,372 sh | −100% |
| New | LINDE PLC (LIN) | — | 1.0% | +1.0 pts | +2,189 sh | new |
| Exited | ISHARES TR (EEM) | 1.0% | — | −1.0 pts | −26,832 sh | −100% |
| New | HARTFORD INSURANCE GROUP INC (HIG) | — | 0.9% | +0.9 pts | +6,580 sh | new |
| Increased | KKR & CO INC (KKR) | 0.3% | 1.4% | +1.1 pts | +6,972 sh | +186% |
| New | OCCIDENTAL PETE CORP (OXY) | — | 0.9% | +0.9 pts | +20,786 sh | new |
| Increased | FORD MTR CO (F) | 0.3% | 1.4% | +1.1 pts | +64,912 sh | +153% |
| New | INTERCONTINENTAL EXCHANGE IN (ICE) | — | 0.9% | +0.9 pts | +5,177 sh | new |
The 50 largest of 177 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 — 51.1% of the equity book
Changes in the top 10 this quarter: QQQ entered · XLI entered · GM entered · AIG entered · COIN entered · UAL entered · ABBV entered · DE entered · F entered · XME left · XLF left · XLV left · VLO left · LRCX left · TLT left · XLE left · XLU left · WDC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | INVESCO QQQ TR (QQQ) | 0.0% | 13.7% | Entered the top 10 |
| 2 | SELECT SECTOR SPDR TR (XLY) | 9.5% | 10.7% | |
| 3 | SELECT SECTOR SPDR TR (XLI) | 1.8% | 9.7% | Entered the top 10 |
| 4 | GENERAL MTRS CO (GM) | 0.5% | 6.2% | Entered the top 10 |
| 5 | AMERICAN INTL GROUP INC (AIG) | 0.0% | 2.2% | Entered the top 10 |
| 6 | COINBASE GLOBAL INC (COIN) | 0.0% | 1.9% | Entered the top 10 |
| 7 | UNITED AIRLS HLDGS INC (UAL) | 0.1% | 1.9% | Entered the top 10 |
| 8 | ABBVIE INC (ABBV) | 0.0% | 1.7% | Entered the top 10 |
| 9 | DEERE & CO (DE) | 0.0% | 1.6% | Entered the top 10 |
| 10 | FORD MTR CO (F) | 0.3% | 1.4% | Entered the top 10 |
| — | SPDR SERIES TRUST (XME) | 12.6% | 0.0% | Left the top 10 |
| — | SELECT SECTOR SPDR TR (XLF) | 7.9% | 0.8% | Left the top 10 |
| — | SELECT SECTOR SPDR TR (XLV) | 4.9% | 0.0% | Left the top 10 |
| — | VALERO ENERGY CORP (VLO) | 3.8% | 0.0% | Left the top 10 |
| — | LAM RESEARCH CORP (LRCX) | 3.1% | 0.0% | Left the top 10 |
| — | ISHARES TR (TLT) | 3.0% | 0.0% | Left the top 10 |
| — | SELECT SECTOR SPDR TR (XLE) | 2.7% | 0.3% | Left the top 10 |
| — | SELECT SECTOR SPDR TR (XLU) | 2.3% | 1.1% | Left the top 10 |
| — | WESTERN DIGITAL CORP (WDC) | 2.3% | 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 |
|---|---|---|---|---|---|
| New | SELECT SECTOR SPDR TR (XLV) | Put | 0 | 463K | $71.7M |
| New | SELECT SECTOR SPDR TR (XLV) | Call | 0 | 385K | $59.5M |
| Exited | SPDR DOW JONES INDL AVERAGE (DIA) | Call | 91,600 | 0 | $0 |
| Reduced | SPDR S&P 500 ETF TR (SPY) | Put | 63,700 | 13,300 | $9.07M |
| Reduced | SPDR S&P 500 ETF TR (SPY) | Call | 60,700 | 13,500 | $9.21M |
| Exited | ISHARES TR (EEM) | Put | 566K | 0 | $0 |
| Reduced | ISHARES TR (EFA) | Put | 422K | 140K | $13.5M |
| Exited | SPDR DOW JONES INDL AVERAGE (DIA) | Put | 55,200 | 0 | $0 |
| Reduced | SELECT SECTOR SPDR TR (XLK) | Call | 186K | 48,200 | $6.94M |
| New | VANECK ETF TRUST (GDX) | Put | 0 | 189K | $16.2M |
| Reduced | ISHARES TR (EFA) | Call | 297K | 125K | $12M |
| New | VANECK ETF TRUST (GDX) | Call | 0 | 171K | $14.6M |
| New | SPDR GOLD TR (GLD) | Call | 0 | 36,600 | $14.5M |
| Reduced | ISHARES TR (EEM) | Call | 325K | 64,700 | $3.54M |
| Reduced | BERKSHIRE HATHAWAY INC DEL (BRK-B) | Call | 36,100 | 8,900 | $4.47M |
| New | SPDR GOLD TR (GLD) | Put | 0 | 32,800 | $13M |
| Reduced | SELECT SECTOR SPDR TR (XLK) | Put | 133K | 40,900 | $5.89M |
| Reduced | BERKSHIRE HATHAWAY INC DEL (BRK-B) | Put | 34,100 | 8,900 | $4.47M |
| Reduced | ISHARES TR (FXI) | Put | 317K | 15,600 | $597K |
| Exited | KINDER MORGAN INC DEL (KMI) | Call | 399K | 0 | $0 |
| Reduced | INVESCO QQQ TR (QQQ) | Call | 28,500 | 9,500 | $5.84M |
| Exited | WORKDAY INC (WDAY) | Call | 45,600 | 0 | $0 |
| Exited | STARBUCKS CORP (SBUX) | Call | 124K | 0 | $0 |
| Exited | WORKDAY INC (WDAY) | Put | 43,300 | 0 | $0 |
| Exited | FEDEX CORP (FDX) | Call | 42,700 | 0 | $0 |