# EDGAR Filing Document

**Accession Number:** 0001633799
**File Stem:** 0001633799-25-000018
**Filing Date:** 2025-11
**Character Count:** 14938
**Document Hash:** 307e89140fa41bc4fb6c5aaee44b294c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001633799-25-000018.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001633799-25-000018

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nishkama Capital, LLC
- **CENTRAL INDEX KEY:** 0001633799

**ORGANIZATION NAME:**
- **EIN:** 462212693
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19253
- **FILM NUMBER:** 251485063

**BUSINESS ADDRESS:**
- **STREET 1:** 9 THE ENCLAVE
- **CITY:** DORADO
- **STATE:** PR
- **ZIP:** 00646
- **BUSINESS PHONE:** 917-741-3814

**MAIL ADDRESS:**
- **STREET 1:** 9 THE ENCLAVE
- **CITY:** DORADO
- **STATE:** PR
- **ZIP:** 00646

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Nishkama Capital LLC<br>**Address:** 9 THE ENCLAVE<br>DORADO, PR 00646

**Form 13F File Number:** 028-19253

**CRD Number (if applicable):** 000170322

**SEC File Number (if applicable):** 801-113336

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Eric Salzman<br>**Title:** Chief Compliance Officer and Chief Financial Officer<br>**Phone:** 646-619-3629

**Signature, Place, and Date of Signing:**

/s/ Eric Salzman  Rhinebeck, NY  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 113

**Form 13F Information Table Value Total:** $4200255372

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACUREN CORP | COM | 00510N102 |  | 5703029 | 428477 | SH |  | SOLE |  | 428477 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 5923974 | 450150 | SH |  | SOLE |  | 450150 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 14571142 | 81526 | SH |  | SOLE |  | 81526 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 12916146 | 53131 | SH |  | SOLE |  | 53131 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 43947375 | 200152 | SH |  | SOLE |  | 200152 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 199808700 | 910000 | SH | Call | SOLE |  | 910000 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 84700800 | 255000 | SH | Put | SOLE |  | 255000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 68077877 | 267360 | SH |  | SOLE |  | 267360 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 72569550 | 285000 | SH | Call | SOLE |  | 285000 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 6019561 | 29401 | SH |  | SOLE |  | 29401 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 44273561 | 61616 | SH |  | SOLE |  | 61616 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 33843234 | 47100 | SH | Put | SOLE |  | 47100 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 20761000 | 130000 | SH | Put | SOLE |  | 130000 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 13914080 | 184000 | SH | Call | SOLE |  | 184000 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 36135000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 81863760 | 968000 | SH |  | SOLE |  | 968000 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 56333700 | 265000 | SH | Put | SOLE |  | 265000 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 33295202 | 88260 | SH |  | SOLE |  | 88260 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 53153116 | 140900 | SH | Put | SOLE |  | 140900 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 6074499 | 24655 | SH |  | SOLE |  | 24655 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 19730913 | 343206 | SH |  | SOLE |  | 343206 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 17497740 | 432577 | SH |  | SOLE |  | 432577 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 97947500 | 965000 | SH | Put | SOLE |  | 965000 | 0 | 0 |
| COGENT COMMUNICATIONS HLDGS | COM NEW | 19239V302 |  | 4053787 | 105705 | SH |  | SOLE |  | 105705 | 0 | 0 |
| CONFLUENT INC | CLASS A COM | 20717M103 |  | 11905225 | 601274 | SH |  | SOLE |  | 601274 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 22564330 | 68570 | SH |  | SOLE |  | 68570 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 14024000 | 400000 | SH | Call | SOLE |  | 400000 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 31469515 | 97780 | SH |  | SOLE |  | 97780 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 22206960 | 69000 | SH | Call | SOLE |  | 69000 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 14457625 | 298403 | SH |  | SOLE |  | 298403 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 30331825 | 333500 | SH | Put | SOLE |  | 333500 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 15065834 | 178315 | SH |  | SOLE |  | 178315 | 0 | 0 |
| ENOVIX CORPORATION | COM | 293594107 |  | 2989395 | 299839 | SH |  | SOLE |  | 299839 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 5858820 | 63366 | SH |  | SOLE |  | 63366 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 11736628 | 125943 | SH |  | SOLE |  | 125943 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 10116414 | 185861 | SH |  | SOLE |  | 185861 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 21009980 | 386000 | SH | Call | SOLE |  | 386000 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 10378151 | 156321 | SH |  | SOLE |  | 156321 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 37729600 | 160000 | SH | Put | SOLE |  | 160000 | 0 | 0 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 5755662 | 158253 | SH |  | SOLE |  | 158253 | 0 | 0 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 2909600 | 80000 | SH | Put | SOLE |  | 80000 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 11082294 | 50253 | SH |  | SOLE |  | 50253 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 34623210 | 157000 | SH | Call | SOLE |  | 157000 | 0 | 0 |
| FIVE9 INC | COM | 338307101 |  | 5834983 | 241115 | SH |  | SOLE |  | 241115 | 0 | 0 |
| FLOOR  DECOR HLDGS INC | CL A | 339750101 |  | 5034226 | 68307 | SH |  | SOLE |  | 68307 | 0 | 0 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 5414267 | 501321 | SH |  | SOLE |  | 501321 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 28037337 | 724479 | SH |  | SOLE |  | 724479 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 54795620 | 2231092 | SH |  | SOLE |  | 2231092 | 0 | 0 |
| HUT 8 CORP | COM | 44812J104 |  | 28136610 | 808291 | SH |  | SOLE |  | 808291 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 4123389 | 125905 | SH |  | SOLE |  | 125905 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 15024020 | 22000 | SH | Put | SOLE |  | 22000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 285776120 | 476000 | SH | Put | SOLE |  | 476000 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 3927806 | 83695 | SH |  | SOLE |  | 83695 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 312795000 | 3500000 | SH | Call | SOLE |  | 3500000 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 41378310 | 463000 | SH | Put | SOLE |  | 463000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 214134600 | 885000 | SH | Put | SOLE |  | 885000 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 3977613 | 84040 | SH |  | SOLE |  | 84040 | 0 | 0 |
| KE HLDGS INC | SPONSORED ADS | 482497104 |  | 9291703 | 489037 | SH |  | SOLE |  | 489037 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 13136576 | 464026 | SH |  | SOLE |  | 464026 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 15188315 | 536500 | SH | Call | SOLE |  | 536500 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 16568625 | 127500 | SH | Put | SOLE |  | 127500 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 2932827 | 74230 | SH |  | SOLE |  | 74230 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 3868918 | 23778 | SH |  | SOLE |  | 23778 | 0 | 0 |
| MAPLEBEAR INC | COM | 565394103 |  | 7297338 | 198513 | SH |  | SOLE |  | 198513 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 20192755 | 35500 | SH | Put | SOLE |  | 35500 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 30007010 | 98743 | SH |  | SOLE |  | 98743 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 48926290 | 161000 | SH | Call | SOLE |  | 161000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 7862272 | 10706 | SH |  | SOLE |  | 10706 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 24234540 | 33000 | SH | Call | SOLE |  | 33000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 39923586 | 77080 | SH |  | SOLE |  | 77080 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 46615500 | 90000 | SH | Call | SOLE |  | 90000 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 18945285 | 61039 | SH |  | SOLE |  | 61039 | 0 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 10441110 | 93000 | SH | Call | SOLE |  | 93000 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 11786858 | 156138 | SH |  | SOLE |  | 156138 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 5851655 | 365500 | SH |  | SOLE |  | 365500 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 24175100 | 1510000 | SH | Call | SOLE |  | 1510000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 29088755 | 155905 | SH |  | SOLE |  | 155905 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 12780730 | 68500 | SH | Put | SOLE |  | 68500 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 8876802 | 67162 | SH |  | SOLE |  | 67162 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 4727133 | 525237 | SH |  | SOLE |  | 525237 | 0 | 0 |
| PRIMORIS SVCS CORP | COM | 74164F103 |  | 5964517 | 43432 | SH |  | SOLE |  | 43432 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 14728560 | 64040 | SH |  | SOLE |  | 64040 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 6209287 | 43367 | SH |  | SOLE |  | 43367 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 18613400 | 130000 | SH | Call | SOLE |  | 130000 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 31613866 | 228226 | SH |  | SOLE |  | 228226 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 20778000 | 150000 | SH | Put | SOLE |  | 150000 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 18598792 | 959690 | SH |  | SOLE |  | 959690 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 14812572 | 165800 | SH | Call | SOLE |  | 165800 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 13344060 | 14500 | SH | Put | SOLE |  | 14500 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 17549594 | 77808 | SH |  | SOLE |  | 77808 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 40951000 | 1550000 | SH | Put | SOLE |  | 1550000 | 0 | 0 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 8656203 | 300667 | SH |  | SOLE |  | 300667 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 892015020 | 1339000 | SH | Put | SOLE |  | 1339000 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 28093104 | 40248 | SH |  | SOLE |  | 40248 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 53647965 | 166500 | SH | Put | SOLE |  | 166500 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 11368000 | 160000 | SH | Put | SOLE |  | 160000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 18153850 | 65000 | SH | Put | SOLE |  | 65000 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 5598426 | 13161 | SH |  | SOLE |  | 13161 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 13110160 | 1148000 | SH |  | SOLE |  | 1148000 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 3053229 | 42230 | SH |  | SOLE |  | 42230 | 0 | 0 |
| TURTLE BEACH CORP | COM NEW | 900450206 |  | 3066379 | 192854 | SH |  | SOLE |  | 192854 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 17912014 | 447353 | SH |  | SOLE |  | 447353 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 17741724 | 443100 | SH | Put | SOLE |  | 443100 | 0 | 0 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 6058457 | 42181 | SH |  | SOLE |  | 42181 | 0 | 0 |
| UWM HOLDINGS CORPORATION | COM CL A | 91823B109 |  | 8289397 | 1361149 | SH |  | SOLE |  | 1361149 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 22189700 | 65000 | SH | Put | SOLE |  | 65000 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 17441582 | 89024 | SH |  | SOLE |  | 89024 | 0 | 0 |
| WARBY PARKER INC | CL A COM | 93403J106 |  | 2937904 | 106523 | SH |  | SOLE |  | 106523 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 6070894 | 95831 | SH |  | SOLE |  | 95831 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 27240500 | 430000 | SH | Call | SOLE |  | 430000 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 29112136 | 163892 | SH |  | SOLE |  | 163892 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 14443800 | 60000 | SH | Put | SOLE |  | 60000 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 20451382 | 265430 | SH |  | SOLE |  | 265430 | 0 | 0 |

---