# EDGAR Filing Document

**Accession Number:** 0001536630
**File Stem:** 0001536630-25-000007
**Filing Date:** 2025-11
**Character Count:** 8261
**Document Hash:** c482f3fa7b85e7ad78becafe45279c87
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001536630-25-000007.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001536630-25-000007

**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:** Potrero Capital Research LLC
- **CENTRAL INDEX KEY:** 0001536630

**ORGANIZATION NAME:**
- **EIN:** 432002073
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0203

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17152
- **FILM NUMBER:** 251485493

**BUSINESS ADDRESS:**
- **STREET 1:** 235 MONTGOMERY STREET
- **STREET 2:** SUITE 1010
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** 415-576-1104

**MAIL ADDRESS:**
- **STREET 1:** 235 MONTGOMERY STREET
- **STREET 2:** SUITE 1010
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** potrero capital research llc
- **DATE OF NAME CHANGE:** 20111207

### 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:** Potrero Capital Research LLC<br>**Address:** 235 MONTGOMERY STREET<br>SUITE 1010<br>SAN FRANCISCO, CA 94104

**Form 13F File Number:** 028-17152

**CRD Number (if applicable):** 000125909

**SEC File Number (if applicable):** 801-108045

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:** Jack Ripsteen<br>**Title:** Managing Member<br>**Phone:** 415-576-1104

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

/s/ Jack Ripsteen  San Francisco, CA  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:** 43

**Form 13F Information Table Value Total:** $868739121

      (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 |
| ALT5 SIGMA CORP | COM | 47089W104 |  | 2971925 | 1104805 | SH |  | SOLE |  | 1104805 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 8695380 | 105373 | SH |  | SOLE |  | 105373 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 12379372 | 255087 | SH |  | SOLE |  | 255087 | 0 | 0 |
| BARK INC | COM | 68622E104 |  | 841904 | 1013366 | SH |  | SOLE |  | 1013366 | 0 | 0 |
| BED BATH  BEYOND INC | COM | 690370101 |  | 1769376 | 180733 | SH |  | SOLE |  | 180733 | 0 | 0 |
| BEL FUSE INC | CL B | 077347300 |  | 1787570 | 12676 | SH |  | SOLE |  | 12676 | 0 | 0 |
| BLACKROCK SCIENCE  TECHNOLO | SHS BEN INT | 09260K101 |  | 11960040 | 539713 | SH |  | SOLE |  | 539713 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 10594000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| CANTOR EQUITY PARTNERS II INC | CL A ORD SHS | G1827P106 |  | 3876908 | 368878 | SH |  | SOLE |  | 368878 | 0 | 0 |
| COMMERCE.COM INC | COM SER 1 | 08975P108 |  | 7062542 | 1415339 | SH |  | SOLE |  | 1415339 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 |  | 4314047 | 368722 | SH |  | OTR |  | 368722 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 |  | 11253353 | 961825 | SH |  | SOLE |  | 961825 | 0 | 0 |
| ETHZILLA CORPORATION | COM | 68236V302 |  | 723000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| FRESHWORKS INC | CLASS A COM | 358054104 |  | 4630459 | 393412 | SH |  | SOLE |  | 393412 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 9918337 | 16130 | SH |  | SOLE |  | 16130 | 0 | 0 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 509600 | 2066 | SH |  | SOLE |  | 2066 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 300185000 | 500000 | SH | Put | SOLE |  | 0 | 0 | 500000 |
| IVANHOE ELECTRIC INC | COM | 46578C108 |  | 4667834 | 371939 | SH |  | OTR |  | 371939 | 0 | 0 |
| IVANHOE ELECTRIC INC | COM | 46578C108 |  | 12712836 | 1012975 | SH |  | SOLE |  | 1012975 | 0 | 0 |
| JAMF HLDG CORP | COM | 47074L105 |  | 3334152 | 311603 | SH |  | SOLE |  | 311603 | 0 | 0 |
| LEGENCE CORP | CL A  ADDED | 52476L109 |  | 4416583 | 143349 | SH |  | SOLE |  | 143349 | 0 | 0 |
| M3BRIGADE ACQUISITION V CORP | CL A | G63212107 |  | 1055000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 20041557 | 38694 | SH |  | SOLE |  | 38694 | 0 | 0 |
| NEXTDOOR HOLDINGS INC | COM CL A | 65345M108 |  | 5361592 | 2565355 | SH |  | SOLE |  | 2565355 | 0 | 0 |
| PAGERDUTY INC | COM | 69553P100 |  | 1360686 | 82366 | SH |  | SOLE |  | 82366 | 0 | 0 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 11575344 | 348760 | SH |  | SOLE |  | 348760 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 7704665 | 33500 | SH |  | SOLE |  | 33500 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | USD CL A ORD SHS | G7515A103 |  | 1531500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 8838275 | 88268 | SH |  | SOLE |  | 88268 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 19380526 | 82100 | SH |  | SOLE |  | 82100 | 0 | 0 |
| SILICON MOTION TECHNOLOGY CO | SPONSORED ADR | 82706C108 |  | 4916657 | 51858 | SH |  | SOLE |  | 51858 | 0 | 0 |
| SIMPSON MFG INC | COM | 829073105 |  | 10047600 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 199854000 | 300000 | SH | Put | SOLE |  | 0 | 0 | 300000 |
| SPROUT SOCIAL INC | COM CL A | 85209W109 |  | 1938000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| STARZ ENTERTAINMENT CORP. | COM | 855919106 |  | 1378507 | 93585 | SH |  | SOLE |  | 93585 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 39772179 | 93498 | SH |  | SOLE |  | 93498 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 39560340 | 93000 | SH | Put | SOLE |  | 0 | 0 | 93000 |
| TRANSALTA CORP | COM | 89346D107 |  | 6670372 | 487957 | SH |  | OTR |  | 487957 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 27763592 | 2030987 | SH |  | SOLE |  | 2030987 | 0 | 0 |
| TURNING PT BRANDS INC | COM | 90041L105 |  | 13024904 | 131751 | SH |  | SOLE |  | 131751 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 13426493 | 335327 | SH |  | SOLE |  | 335327 | 0 | 0 |
| WILLOW LANE ACQUISITION CORP | ORD SHS CL A | G9675P102 |  | 2630999 | 227202 | SH |  | SOLE |  | 227202 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 12302115 | 370769 | SH |  | SOLE |  | 370769 | 0 | 0 |

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