# EDGAR Filing Document

**Accession Number:** 0001757282
**File Stem:** 0001757282-26-000004
**Filing Date:** 2026-5
**Character Count:** 13510
**Document Hash:** df7da7f49e6b7fbe7615e4410263488e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001757282-26-000004.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0001757282-26-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**EFFECTIVENESS DATE**: 20260511

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NKCFO LLC
- **CENTRAL INDEX KEY:** 0001757282

**ORGANIZATION NAME:**
- **EIN:** 464983790
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18988
- **FILM NUMBER:** 26962491

**BUSINESS ADDRESS:**
- **STREET 1:** 501 W STATE ST
- **STREET 2:** STE 206
- **CITY:** GENEVA
- **STATE:** IL
- **ZIP:** 60134
- **BUSINESS PHONE:** 3179858193

**MAIL ADDRESS:**
- **STREET 1:** 501 W STATE ST
- **STREET 2:** STE 206
- **CITY:** GENEVA
- **STATE:** IL
- **ZIP:** 60134

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** NKCFO LLC<br>**Address:** 501 W STATE ST<br>STE 206<br>GENEVA, IL 60134

**Form 13F File Number:** 028-18988

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:** Nick P. Calamos<br>**Title:** President<br>**Phone:** 6303357357

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

Nick P. Calamos  Geneva, IL  05-11-2026<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:** 106

**Form 13F Information Table Value Total:** $337395

      (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 |
| VOLATILITY SHS TR | 2X ETHER ETF NEW | 92864M798 |  | 894 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| A10 NETWORKS INC | COM | 002121101 |  | 116 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| AEHR TEST SYS | COM | 00760J108 |  | 371 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 42937 | 211533 | SH |  | SOLE |  | 211533 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 115 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ALAMOS GOLD INC | COM CL A | 011532108 |  | 20029 | 450800 | SH |  | SOLE |  | 450800 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 1731 | 13800 | SH |  | SOLE |  | 13800 | 0 | 0 |
| ALLIENT INC | COM | 019330109 |  | 827 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 117 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7814 | 27175 | SH |  | SOLE |  | 27175 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2472 | 11867 | SH |  | SOLE |  | 11867 | 0 | 0 |
| AMKOR TECHNOLOGY INC | COM | 031652100 |  | 90 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 6326 | 24925 | SH |  | SOLE |  | 24925 | 0 | 0 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 4272 | 38675 | SH |  | SOLE |  | 38675 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 2680 | 43900 | SH |  | SOLE |  | 43900 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 305 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| BLUE BIRD CORP | COM | 095306106 |  | 77 | 1355 | SH |  | SOLE |  | 1355 | 0 | 0 |
| 2023 ETF SERIES TRUST | BRANDES US VALUE | 900934308 |  | 3039 | 82100 | SH |  | SOLE |  | 82100 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 423 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 5140 | 193750 | SH |  | SOLE |  | 193750 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 9144 | 117850 | SH |  | SOLE |  | 117850 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 476 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 597 | 19562 | SH |  | SOLE |  | 19562 | 0 | 0 |
| COMSTOCK RES INC | COM | 205768302 |  | 211 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 341 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| DAVITA INC | COM | 23918K108 |  | 75 | 490 | SH |  | SOLE |  | 490 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 4196 | 119750 | SH |  | SOLE |  | 119750 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 90 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DAILY GOLD MINER | 25460G781 |  | 753 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 468 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 89 | 3740 | SH |  | SOLE |  | 3740 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 2023 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| ENERSYS | COM | 29275Y102 |  | 386 | 2220 | SH |  | SOLE |  | 2220 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 3361 | 23250 | SH |  | SOLE |  | 23250 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 382 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 147 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 4072 | 281600 | SH |  | SOLE |  | 281600 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 1181 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| RBB FUND TRUST | FIRST EAGE OVER | 75526L878 |  | 21713 | 430300 | SH |  | SOLE |  | 430300 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 73 | 980 | SH |  | SOLE |  | 980 | 0 | 0 |
| A-MARK PRECIOUS METALS INC | COM | 00181T107 |  | 69 | 1720 | SH |  | SOLE |  | 1720 | 0 | 0 |
| GRAYSCALE ETHEREUM STAKING | SHS NEW | 38964R203 |  | 14 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| GRAYSCALE ETHEREUM STAKING E | SHS | 389638107 |  | 119 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 3687 | 66800 | SH |  | SOLE |  | 66800 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 4946 | 126850 | SH |  | SOLE |  | 126850 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 63 | 515 | SH |  | SOLE |  | 515 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 3839 | 87000 | SH |  | SOLE |  | 87000 | 0 | 0 |
| IRADIMED CORP | COM | 46266A109 |  | 76 | 790 | SH |  | SOLE |  | 790 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 3362 | 87500 | SH |  | SOLE |  | 87500 | 0 | 0 |
| ISHARES TR | GOLBAL ENERG ETF | 464287341 |  | 6632 | 115125 | SH |  | SOLE |  | 115125 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 24632 | 279400 | SH |  | SOLE |  | 279400 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 6930 | 88100 | SH |  | SOLE |  | 88100 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 2952 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 6073 | 89125 | SH |  | SOLE |  | 89125 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 520 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 408 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 7313 | 84400 | SH |  | SOLE |  | 84400 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 173 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| MITEK SYS INC | COM NEW | 606710200 |  | 810 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 85 | 390 | SH |  | SOLE |  | 390 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 164 | 1480 | SH |  | SOLE |  | 1480 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 375 | 760 | SH |  | SOLE |  | 760 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 1600 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| NETEASE COM INC | SPONSORED ADS | 64110W102 |  | 224 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 136 | 1130 | SH |  | SOLE |  | 1130 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 225 | 4257 | SH |  | SOLE |  | 4257 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 86 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 8573 | 50700 | SH |  | SOLE |  | 50700 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 9269 | 53150 | SH |  | SOLE |  | 53150 | 0 | 0 |
| HARRIS OAKMARK ETF TRUST | OAKMARK U S LRG | 41456U106 |  | 2955 | 107200 | SH |  | SOLE |  | 107200 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 2269 | 34900 | SH |  | SOLE |  | 34900 | 0 | 0 |
| OCEANEERING INTL INC | COM | 675232102 |  | 89 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| ONE STOP SYS INC | COM | 68247W109 |  | 76 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 1055 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 6281 | 34475 | SH |  | SOLE |  | 34475 | 0 | 0 |
| PROSHARES TR II | ULTRA GOLD | 74347W601 |  | 860 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| PROSHARES TR | ULTRAPRO SHRT RU | 74350P642 |  | 497 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| PROSHARES TR II | ULTRASHORT YEN N | 74347W569 |  | 3377 | 63750 | SH |  | SOLE |  | 63750 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 1077 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| REGAL BELOIT CORP | COM | 758750103 |  | 187 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 110 | 142 | SH |  | SOLE |  | 142 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 2218 | 32000 | SH |  | SOLE |  | 32000 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 382 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 3490 | 37525 | SH |  | SOLE |  | 37525 | 0 | 0 |
| SK TELECOM CO LTD | SPONSORED ADR | 78440P306 |  | 952 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 952 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 81 | 635 | SH |  | SOLE |  | 635 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 642 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 237 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 1481 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 57 | 405 | SH |  | SOLE |  | 405 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 2668 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 2364 | 78485 | SH |  | SOLE |  | 78485 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 100 | 1145 | SH |  | SOLE |  | 1145 | 0 | 0 |
| ACUREN CORP | COM | 00510N102 |  | 138 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| RBB FUND TRUST | TWEEDY BROWNE | 75526L860 |  | 4449 | 324300 | SH |  | SOLE |  | 324300 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 136 | 260 | SH |  | SOLE |  | 260 | 0 | 0 |
| VECTRUS INC | COM | 92242T101 |  | 154 | 2250 | SH |  | SOLE |  | 2250 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 3783 | 237750 | SH |  | SOLE |  | 237750 | 0 | 0 |
| VANECK ETF TRUST | JP MRGAN EM LOC | 92189H300 |  | 3844 | 153100 | SH |  | SOLE |  | 153100 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 6627 | 38300 | SH |  | SOLE |  | 38300 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 20252 | 405450 | SH |  | SOLE |  | 405450 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 128 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 20093 | 403600 | SH |  | SOLE |  | 403600 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 169 | 1749 | SH |  | SOLE |  | 1749 | 0 | 0 |
| XPENG INC | ADS | 98422D105 |  | 257 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |

---