Teramo Advisors, LLC — 13F Holdings & Portfolio
CIK 1904821 · latest 13F-HR filed 2026-10-16
Teramo Advisors, LLC manages $586.9M in 13F-reported U.S. long-equity assets across 4 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are IVV (60.03%), SPY (23.39%), SPY (16.24%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 0 new positions and exited 0; 1 existing position rose in reported value and 1 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-10-16
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
5 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 100%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 31, 2026.
SUITE 11103
NAPLES, FL 34108
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| MULLEN, MATT, LAURENCE Control | CHIEF OPERATING OFFICEFR since Mar 2024 | Less than 5% | Individual |
| RDJ ASSOCIATES, LLC Control | MANAGING MEMBER since Nov 2017 | 50–75% | Domestic Entity |
| SANTELLA, RONALD, ALBERT Control | CHIEF EXECUTIVE OFFICER since Nov 2017 | Less than 5% | Individual |
| KLEINSCHMIDT, ERIC, JOSEPH | CHIEF COMPLIANCE OFFICER since Mar 2023 | Less than 5% | Individual |
| TANQUAM PARTNERS, LLC | MEMBER since Jan 2018 | 5–10% | Domestic Entity |
| UPPER90 EQUABLE SPV, LLC | MEMBER since Jun 2018 | 5–10% | Domestic Entity |
| VALFUND EQUABLE HOLDINGS, LLC | MEMBER since Jan 2020 | 5–10% | Domestic Entity |
| SANTELLA, RONALD, ALBERT Control Indirect owner via RDJ ASSOCIATES, LLC | MANAGING MEMBER since Aug 2013 | 75% or more | Individual |
Ownership & leadership changes · 7 filings with changes since Dec 1, 2017
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedHOGAN, THOMAS, JOHN · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jun 2021
- AddedMULLEN, MATT, LAURENCE · CHIEF OPERATING OFFICEFR · Less than 5% · control person
- No longer listedTYRE, DOUGLAS, NELSON · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jun 2021
- AddedKLEINSCHMIDT, ERIC, JOSEPH · CHIEF COMPLIANCE OFFICER · Less than 5%
- No longer listedLatin, Eric, William · CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Nov 2017
- AddedHOGAN, THOMAS, JOHN · CHIEF OPERATING OFFICER · Less than 5% · control person
- Listed againTYRE, DOUGLAS, NELSON · CHIEF COMPLIANCE OFFICER · Less than 5%
- No longer listedTYRE, DOUGLAS, NELSON · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2018
- ChangedLatin, Eric, William · title CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER; now a control person
- No longer listedWFI INVESTMENTS LIMITED LIABILITY COMPANY · MEMBER · Less than 5% · listed since Jan 2018
- AddedVALFUND EQUABLE HOLDINGS, LLC · MEMBER · 5–10%
- ChangedRDJ ASSOCIATES, LLC · ownership 75% or more → 50–75%
- No longer listedGARIE, ALYSSA, ANN · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Nov 2017
- AddedTYRE, DOUGLAS, NELSON · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- AddedUPPER90 EQUABLE SPV, LLC · MEMBER · 5–10%
- AddedTANQUAM PARTNERS, LLC · MEMBER · 5–10%
- AddedWFI INVESTMENTS LIMITED LIABILITY COMPANY · MEMBER · Less than 5%
- ListedGARIE, ALYSSA, ANN · CHIEF COMPLIANCE OFFICER · Less than 5%
- ListedLatin, Eric, William · CHIEF OPERATING OFFICER · Less than 5%
- ListedRDJ ASSOCIATES, LLC · MANAGING MEMBER · 75% or more · control person
- ListedSANTELLA, RONALD, ALBERT · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ListedSANTELLA, RONALD, ALBERT · MANAGING MEMBER · 75% or more · indirect via RDJ ASSOCIATES, LLC · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Teramo Advisors, LLC Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR | IVV | 464287200 | $352.3M | 60.03% | 460,000 | SH |
| 2 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $137.3M | 23.39% | 180,000 | SH |
| 3 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $95.3M | 16.24% | 125,000 | SH |
| 4 | ETF SER SOLUTIONS | OPER | 26922A453 | $2.0M | 0.34% | 20,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-16 | $586.9M | 4 | 0001172661-26-004583 |
| 2026-06-30 | 2026-07-23 | $529.2M | 4 | 0001172661-26-002768 |
| 2026-03-31 | 2026-05-13 | $474.3M | 4 | 0001172661-26-001750 |
| 2025-12-31 | 2026-02-06 | $388.3M | 12 | 0001172661-26-000528 |
| 2025-09-30 | 2025-11-14 | $367.5M | 15 | 0001172661-25-004871 |
SUITE 11103
NAPLES, FL 34108