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Gambit Capital Management, LLC — 13F Holdings & Portfolio

CIK 2107464 · latest 13F-HR filed 2026-08-11

Backtest portfolio

Gambit Capital Management, LLC manages $171.8M in 13F-reported U.S. long-equity assets across 103 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are LLY (17.45%), SPY (9.02%), VOO (7.76%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 19 new positions and exited 4; 59 existing positions rose in reported value and 11 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.

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AUM
$171.8M

Long-equity book

Holdings
103

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+19 / −4 / ↑59 / ↓11

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
LLY17.5% · -4%SPY9.0% · +17%VOO7.8% · -2%SPYM7.5% · +4%SCHX3.8% · -2%RSP3.8% · +12%QUAL3.2% · +14%SPDW2.8% · +6%EFA2.4% · -0%PINK1.7% · +168%AAPL1.7% · +6%BIL1.6% · +12%SCHO1.5% · +55%BRK.B1.3% · +2%SPSM1.3% · +1%SCHF1.2% · +4%SPAB1.1% · +7%MSFT1.0% · +0%GOOGL1.0% · +9%NVDA0.9% · +11%BSCR0.9% · -5%IWM0.9% · -2%AMZN0.9% · +5%GLDM0.9% · +43%SCHZ0.9% · -0%BSCQ0.8% · -19%ETHA0.7% · +5%JPM0.7% · +0%PTL0.7% · newEEM0.6% · -1%BND0.6% · +14%MDY0.6% · -1%BSCS0.6% · -4%DFUS0.6% · -2%APG0.6% · 0%VBIL0.5% · +50%VTI0.5% · -1%DGRW0.5% · +2%VUG0.5% · +498%XLK0.4% · -2%AVUV0.4% · +23%FNDF0.4% · -1%TIP0.4% · -1%SPMD0.4% · -1%IEI0.4% · +126%ABBV0.4% · +4%COST0.4% · +3%VWO0.4% · +38%TSLA0.4% · +9%SCHP0.4% · +30%META0.4% · +11%MINT0.4% · +3%GOOG0.4% · +9%AVGO0.4% · +2%SCHA0.3% · -1%SPEM0.3% · +3%OEF0.3% · newSCHW0.3% · -1%SCHE0.3% · 0%NUE0.3% · -10%

Box 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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 59.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 3, 2026.

Assets Under Management
$167.5M
Discretionary
$164.3M
Employees
6
Accounts
381
Phone
(651) 427-9001
Website
This firm reports 2 disclosure items on its registration.
Name Title / Status Ownership Type
POWERS, DANIEL, JOHN ControlMANAGER AND CCO
since Dec 2021
50–75%Individual
SCHELHAAS, TYLER, JON ControlMANAGER AND PRESIDENT
since Dec 2021
Less than 5%Individual
SPRONK BROTHERS HOLDINGS, LLC ControlHOLDING COMPANY
since Dec 2025
50–75%Domestic Entity
RANDALL K. SPRONK TRUST Control
Indirect owner via SPRONK BROTHERS HOLDINGS, LLC
MEMBER
since Dec 2025
25–50%Domestic Entity
SCHELHAAS, COURTNEY, LEIGH Control
Indirect owner via TYLER & COURTNEY SCHELHAAS REVOKABLE TRUST
TRUSTEE
since Dec 2025
50–75%Individual
SCHELHAAS, TYLER, JON Control
Indirect owner via TYLER & COURTNEY SCHELHAAS REVOKABLE TRUST
TRUSTEE
since Dec 2025
50–75%Individual
SETH & TAYLOR SPRONK REVOKABLE TRUST Control
Indirect owner via SPRONK BROTHERS HOLDINGS, LLC
MEMBER
since Dec 2025
25–50%Domestic Entity
SPRONK, RANDALL, KEITH Control
Indirect owner via RANDALL K. SPRONK TRUST
TRUSTEE
since Dec 2025
75% or moreIndividual
SPRONK, SETH, RANDALL Control
Indirect owner via SETH & TAYLOR SPRONK REVOKABLE TRUST
TRUSTEE
since Dec 2025
50–75%Individual
SPRONK, TAYLOR, SUE Control
Indirect owner via SETH & TAYLOR SPRONK REVOKABLE TRUST
TRUSTEE
since Dec 2025
50–75%Individual
TYLER & COURTNEY SCHELHAAS REVOKABLE TRUST Control
Indirect owner via SPRONK BROTHERS HOLDINGS, LLC
MEMBER
since Dec 2025
25–50%Domestic Entity
Ownership & leadership changes · 1 filing with changes since Feb 13, 2025

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.

Mar 31, 2026 filing
  • AddedRANDALL K. SPRONK TRUST · MEMBER · 25–50% · indirect via SPRONK BROTHERS HOLDINGS, LLC · control person
  • AddedSCHELHAAS, COURTNEY, LEIGH · TRUSTEE · 50–75% · indirect via TYLER & COURTNEY SCHELHAAS REVOKABLE TRUST · control person
  • AddedSCHELHAAS, TYLER, JON · MANAGER AND PRESIDENT · Less than 5% · control person
  • AddedSCHELHAAS, TYLER, JON · TRUSTEE · 50–75% · indirect via TYLER & COURTNEY SCHELHAAS REVOKABLE TRUST · control person
  • AddedSETH & TAYLOR SPRONK REVOKABLE TRUST · MEMBER · 25–50% · indirect via SPRONK BROTHERS HOLDINGS, LLC · control person
  • AddedSPRONK BROTHERS HOLDINGS, LLC · HOLDING COMPANY · 50–75% · control person
  • AddedSPRONK, RANDALL, KEITH · TRUSTEE · 75% or more · indirect via RANDALL K. SPRONK TRUST · control person
  • AddedSPRONK, SETH, RANDALL · TRUSTEE · 50–75% · indirect via SETH & TAYLOR SPRONK REVOKABLE TRUST · control person
  • AddedSPRONK, TAYLOR, SUE · TRUSTEE · 50–75% · indirect via SETH & TAYLOR SPRONK REVOKABLE TRUST · control person
  • AddedTYLER & COURTNEY SCHELHAAS REVOKABLE TRUST · MEMBER · 25–50% · indirect via SPRONK BROTHERS HOLDINGS, LLC · control person
  • ChangedPOWERS, DANIEL, JOHN · title PRESIDENT, CCO → MANAGER AND CCO; ownership 75% or more → 50–75%
Feb 13, 2025 filing (earliest on record)
  • ListedPOWERS, DANIEL, JOHN · PRESIDENT, CCO · 75% or more · 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.

Gambit Capital Management, LLC Holdings (2026-06-30)

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 ELI LILLY & CO LLY 532457108 $30.0M 17.45% 24,997 SH
2 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $15.5M 9.02% 20,760 SH
3 VANGUARD INDEX FDS VOO 922908363 $13.3M 7.76% 19,407 SH
4 SPDR SERIES TRUST SPYM 78464A854 $12.8M 7.48% 146,217 SH
5 SCHWAB STRATEGIC TR SCHX 808524201 $6.5M 3.78% 220,435 SH
6 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $6.5M 3.77% 30,420 SH
7 ISHARES TR QUAL 46432F339 $5.5M 3.18% 24,934 SH
8 SPDR INDEX SHS FDS SPDW 78463X889 $4.7M 2.75% 93,792 SH
9 ISHARES TR EFA 464287465 $4.2M 2.43% 40,214 SH
10 SIMPLIFY EXCHANGE TRADED FUN PINK 82889N772 $3.0M 1.73% 75,889 SH
11 APPLE INC AAPL 037833100 $2.8M 1.65% 9,814 SH
12 SPDR SERIES TRUST BIL 78468R663 $2.8M 1.61% 30,145 SH
13 SCHWAB STRATEGIC TR SCHO 808524862 $2.6M 1.50% 106,572 SH
14 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $2.2M 1.29% 4,441 SH
15 SPDR SERIES TRUST SPSM 78468R853 $2.2M 1.29% 38,481 SH
16 SCHWAB STRATEGIC TR SCHF 808524805 $2.1M 1.23% 76,463 SH
17 SPDR SERIES TRUST SPAB 78464A649 $2.0M 1.14% 76,746 SH
18 MICROSOFT CORP MSFT 594918104 $1.7M 1.02% 4,680 SH
19 ALPHABET INC GOOGL 02079K305 $1.7M 0.98% 4,731 SH
20 NVIDIA CORPORATION NVDA 67066G104 $1.6M 0.92% 7,898 SH
21 INVESCO EXCH TRD SLF IDX FD BSCR 46138J783 $1.6M 0.91% 80,074 SH
22 ISHARES TR IWM 464287655 $1.5M 0.90% 5,134 SH
23 AMAZON COM INC AMZN 023135106 $1.5M 0.88% 6,343 SH
24 WORLD GOLD TR GLDM 98149E303 $1.5M 0.87% 18,924 SH
25 SCHWAB STRATEGIC TR SCHZ 808524839 $1.5M 0.85% 63,287 SH
26 INVESCO EXCH TRD SLF IDX FD BSCQ 46138J791 $1.3M 0.75% 65,993 SH
27 ISHARES ETHEREUM TR ETHA 46438R105 $1.3M 0.74% 107,582 SH
28 JPMORGAN CHASE & CO JPM 46625H100 $1.2M 0.71% 3,710 SH
29 NORTHERN LTS FD TR IV PTL 66537J796 $1.2M 0.68% 4,112 SH
30 ISHARES TR EEM 464287234 $1.1M 0.63% 15,911 SH
31 VANGUARD BD INDEX FDS BND 921937835 $1.1M 0.63% 14,789 SH
32 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $1.0M 0.60% 1,475 SH
33 INVESCO EXCH TRD SLF IDX FD BSCS 46138J643 $1.0M 0.59% 49,627 SH
34 DIMENSIONAL ETF TRUST DFUS 25434V401 $971.8K 0.57% 11,860 SH
35 API GROUP CORP APG 00187Y100 $967.8K 0.56% 22,853 SH
36 VANGUARD INSTL INDEX FD VBIL 922040845 $918.1K 0.53% 12,131 SH
37 VANGUARD INDEX FDS VTI 922908769 $907.3K 0.53% 2,452 SH
38 WISDOMTREE TR DGRW 97717X669 $848.9K 0.49% 8,878 SH
39 VANGUARD INDEX FDS VUG 922908736 $787.1K 0.46% 9,138 SH
40 SELECT SECTOR SPDR TR XLK 81369Y803 $769.5K 0.45% 4,039 SH
41 AMERICAN CENTY ETF TR AVUV 025072877 $756.5K 0.44% 6,064 SH
42 SCHWAB STRATEGIC TR FNDF 808524755 $747.5K 0.44% 14,168 SH
43 ISHARES TR TIP 464287176 $699.0K 0.41% 6,388 SH
44 SPDR SERIES TRUST SPMD 78464A847 $689.8K 0.40% 10,210 SH
45 ISHARES TR IEI 464288661 $667.4K 0.39% 5,682 SH
46 ABBVIE INC ABBV 00287Y109 $664.3K 0.39% 2,640 SH
47 COSTCO WHOLESALE CORPORATION COST 22160K105 $646.4K 0.38% 691 SH
48 VANGUARD INTL EQUITY INDEX F VWO 922042858 $643.0K 0.37% 10,772 SH
49 TESLA INC TSLA 88160R101 $638.0K 0.37% 1,517 SH
50 SCHWAB STRATEGIC TR SCHP 808524870 $637.0K 0.37% 24,036 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $171.8M 103 0001951757-26-001223
2026-03-31 2026-05-14 $145.2M 90 0001951757-26-000862
2025-12-31 2026-02-06 $139.8M 133 0002107464-26-000002
Filer Information
Address
6613 HASTINGS LANE
FRANKLIN, TN 37069
Phone
(651) 427-9001
Filing Manager
Gambit Capital Management, LLC
FRANKLIN, TN
Signatory
Daniel Powers
Chief Compliance Officer