# EDGAR Filing Document

**Accession Number:** 0001269950
**File Stem:** 0000919574-26-000517
**Filing Date:** 2026-1
**Character Count:** 26342
**Document Hash:** de359152b83a66a9df7027280c1039d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-26-000517.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000919574-26-000517

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**EFFECTIVENESS DATE**: 20260129

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELTEC ASSET MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001269950

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10538
- **FILM NUMBER:** 26577272

**BUSINESS ADDRESS:**
- **STREET 1:** 530 FIFTH AVENUE
- **STREET 2:** 17TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** (212) 546-6200

**MAIL ADDRESS:**
- **STREET 1:** 530 FIFTH AVENUE
- **STREET 2:** 17TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** DELTEC ASSET MANAGEMENT LLC<br>**Address:** 530 Fifth Avenue<br>17th Floor<br>New York, NY 10036

**Form 13F File Number:** 028-10538

**CRD Number (if applicable):** 000104068

**SEC File Number (if applicable):** 801-58090

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:** Denise Vitti<br>**Title:** Managing Director<br>**Phone:** 212-546-6295

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

/s/Denise Vitti  New York, NY  01-29-2026<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:** 218

**Form 13F Information Table Value Total:** $603521470

      (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 |
| ACTIVATE ENERGY ACQUISITION | UNIT 11/10/2030 | G0081J129 |  | 249875 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1284960 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 1509000 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| ALDEL FINL II INC | CL A | G01558108 |  | 524500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 853828 | 5825 | SH |  | SOLE |  | 5825 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5041197 | 16065 | SH |  | SOLE |  | 16065 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 54131159 | 172943 | SH |  | SOLE |  | 172943 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 2400501 | 41632 | SH |  | SOLE |  | 41632 | 0 | 0 |
| ALUSSA ENERGY ACQUISITION CO | UNIT 99/99/9999 | G0233J126 |  | 757500 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 35777331 | 155001 | SH |  | SOLE |  | 155001 | 0 | 0 |
| AMERICAN DRIVE ACQUISITION C | UNIT 12/04/2030 | G0R91M121 |  | 249250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| AMERICAN EXCEPTIONALISM ACQU | ORD CL A | G0273J101 |  | 227800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 1929760 | 56000 | SH |  | SOLE |  | 56000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 7159977 | 26337 | SH |  | SOLE |  | 26337 | 0 | 0 |
| APPLIED THERAPEUTICS INC | COM | 03828A101 |  | 384745 | 3847449 | SH |  | SOLE |  | 3847449 | 0 | 0 |
| ARCOS DORADOS HOLDINGS INC | SHS CLASS -A - | G0457F107 |  | 1140636 | 155400 | SH |  | SOLE |  | 155400 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 432399 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER A | 047726104 |  | 1353179 | 31847 | SH |  | SOLE |  | 31847 | 0 | 0 |
| AUNA S A | CLASS A | L0415A103 |  | 51660 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| AVADEL PHARMACEUTICALS PLC | COM SHS | G29687103 |  | 646500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| AXIOM INTELLIGENCE AC CORP 1 | ORD SHS CL A | G0750N104 |  | 503000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| BANCO BBVA ARGENTINA S A | SPONSORED ADS | 058934100 |  | 1382355 | 76500 | SH |  | SOLE |  | 76500 | 0 | 0 |
| BANCO MACRO SA | SPON ADR B | 05961W105 |  | 748328 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| BBB FOODS INC | CL A COM | G0896C103 |  | 1485855 | 44500 | SH |  | SOLE |  | 44500 | 0 | 0 |
| BCP INVESTMENT CORPORATION | COM NEW | 73688F201 |  | 262886 | 22222 | SH |  | SOLE |  | 22222 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4311732 | 8578 | SH |  | SOLE |  | 8578 | 0 | 0 |
| BLUE ACQUISITION CORP. | ORD SHS CL A | G1331A108 |  | 204200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BLUE WTR ACQUISITION CORP. I | ORD SHS CL A | G1368E106 |  | 516000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| BLUEROCK ACQUISITION CORP | UNIT 11/06/2030 | G1352R121 |  | 500000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1519840 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| BOLD EAGLE ACQUISITION CORP | CL A | G2003N105 |  | 529000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 594442 | 111 | SH |  | SOLE |  | 111 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 4033305 | 42300 | SH |  | SOLE |  | 42300 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 37230669 | 107572 | SH |  | SOLE |  | 107572 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 |  | 1155400 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CANTOR EQUITY PARTNERS I INC | SHS CL A | G1827K107 |  | 312300 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| CANTOR EQUITY PARTNERS II IN | CL A ORD SHS | G1827P106 |  | 168900 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CANTOR EQUITY PARTNERS III I | SHS CL A | G1828A108 |  | 102000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CANTOR EQUITY PARTNERS IV IN | SHS CL A | G1828E100 |  | 102800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CANTOR EQUITY PARTNERS V INC | SHS CL A S | G1828S109 |  | 102500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1284508 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 19994355 | 654694 | SH |  | SOLE |  | 654694 | 0 | 0 |
| CARTESIAN GROWTH CORP III | COM CL A | G19307100 |  | 589903 | 57300 | SH |  | SOLE |  | 57300 | 0 | 0 |
| CENTRAIS ELET BRAS SA | SPON ADS PF CL C | 15236F100 |  | 350006 | 40604 | SH |  | SOLE |  | 40604 | 0 | 0 |
| CENTRAIS ELET BRAS SA | SPONSORED ADR | 15234Q207 |  | 1497660 | 163500 | SH |  | SOLE |  | 163500 | 0 | 0 |
| CENTURION ACQUISITION CORP | SHS CL A | G20315100 |  | 1065000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 403886 | 2650 | SH |  | SOLE |  | 2650 | 0 | 0 |
| CHUNGHWA TELECOM CO LTD | SPON ADR NEW11 | 17133Q502 |  | 433701 | 10398 | SH |  | SOLE |  | 10398 | 0 | 0 |
| CHURCHILL CAP CORP XI | UNIT 12/10/2030 | G2131A124 |  | 510500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| CHURCHILL CAPITAL CORP IX | CL A SHS | G21301109 |  | 744100 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 3654765 | 47446 | SH |  | SOLE |  | 47446 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 2054327 | 17605 | SH |  | SOLE |  | 17605 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 229625 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| CONTROLADORA VUELA COMP DE A | SPON ADR RP 10 | 21240E105 |  | 174936 | 19700 | SH |  | SOLE |  | 19700 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 4571119 | 37900 | SH |  | SOLE |  | 37900 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3005255 | 3485 | SH |  | SOLE |  | 3485 | 0 | 0 |
| COUPANG INC | CL A | 22266T109 |  | 424620 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| CRANE HBR ACQUISITION CORP | CL A | G24979109 |  | 807750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| CRANE HBR ACQUISITION CORP I | UNIT 12/09/2030 | G25014120 |  | 503500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 464940 | 1620 | SH |  | SOLE |  | 1620 | 0 | 0 |
| DAEDALUS SPL ACQUISITION COR | UNIT 11/10/2030 | G2616C124 |  | 753000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 246375 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 390228 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 312300 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 2264800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| DRUGS MADE IN AMER ACQ II CO | USD ORD SHS | G2851K104 |  | 495000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| DRUGS MADE IN AMER ACQ II CO | RIGHT 09/16/2030 | G2851K112 |  | 6230 | 44500 | SH |  | SOLE |  | 44500 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 4092853 | 12850 | SH |  | SOLE |  | 12850 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 511500 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 9403450 | 8750 | SH |  | SOLE |  | 8750 | 0 | 0 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 5246155 | 81500 | SH |  | SOLE |  | 81500 | 0 | 0 |
| EMMIS ACQUISITION CORP. | SHS CL A | G3037D105 |  | 993000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| EMMIS ACQUISITION CORP. | RIGHT 09/12/2030 | G3037D113 |  | 6590 | 43500 | SH |  | SOLE |  | 43500 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 8154650 | 152139 | SH |  | SOLE |  | 152139 | 0 | 0 |
| EQV VENTURES AC CORP. II | ORD SHS CL A | G3106Q102 |  | 193479 | 19290 | SH |  | SOLE |  | 19290 | 0 | 0 |
| EQV VENTURES ACQUISITION COR | CL A ORD SHS | G3106N109 |  | 524500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| EXPAND ENERGY CORPORATION | *W EXP 02/09/202 | 165167180 |  | 499545 | 5013 | SH |  | SOLE |  | 5013 | 0 | 0 |
| FIFTH ERA ACQUISITION CORP I | ORD SHS CL A | G3415K101 |  | 514500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 6963526 | 115252 | SH |  | SOLE |  | 115252 | 0 | 0 |
| FOMENTO ECONOMICO MEXICANO S | SPON ADR UNITS | 344419106 |  | 555885 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 761850 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| GALATA ACQUISITION CORP II | ORD SHS CL A | G3R25N108 |  | 148800 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 610050 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 3267850 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| GENERAL PURP ACQUISITION COR | UNIT 12/03/2030 | G3810N122 |  | 800800 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| GENERATION BIO CO | COM NEW | 37148K209 |  | 185452 | 32650 | SH |  | SOLE |  | 32650 | 0 | 0 |
| GEOPARK LTD | USD SHS | G38327105 |  | 207480 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 7909323 | 185100 | SH |  | SOLE |  | 185100 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1670100 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 523950 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| GRAF GLOBAL CORP | ORD SHS CL A | G4036C106 |  | 1075500 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 905770 | 13250 | SH |  | SOLE |  | 13250 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 1375470 | 25500 | SH |  | SOLE |  | 25500 | 0 | 0 |
| HAWAIIAN ELEC INDUSTRIES | COM | 419870100 |  | 453698 | 36886 | SH |  | SOLE |  | 36886 | 0 | 0 |
| HAYMAKER ACQUISITION CORP IV | CLASS A | G4375F108 |  | 569000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 1724688 | 47200 | SH |  | SOLE |  | 47200 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 8178225 | 23767 | SH |  | SOLE |  | 23767 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 1057900 | 35500 | SH |  | SOLE |  | 35500 | 0 | 0 |
| INFLECTION PT ACQUISITION CO | CL A ORD SHS | G47875102 |  | 507000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 917730 | 51500 | SH |  | SOLE |  | 51500 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 490685 | 7630 | SH |  | SOLE |  | 7630 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1784765 | 9317 | SH |  | SOLE |  | 9317 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1044941 | 1701 | SH |  | SOLE |  | 1701 | 0 | 0 |
| IRON HORSE ACQUISIT CORP II | UNIT 07/11/2030 | 46283H202 |  | 248625 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 5189379 | 49100 | SH |  | SOLE |  | 49100 | 0 | 0 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 2828503 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 772915 | 14300 | SH |  | SOLE |  | 14300 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 |  | 985631 | 137658 | SH |  | SOLE |  | 137658 | 0 | 0 |
| ITHAX ACQUISITION CORP III | UNIT 11/17/2030 | G4977S128 |  | 249375 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 2622230 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| JACKSON ACQUISITION CO II | COM SHS CL A | G4992A110 |  | 416800 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| JADE BIOSCIENCES INC | COM NEW | 008064206 |  | 243115 | 15756 | SH |  | SOLE |  | 15756 | 0 | 0 |
| JBS N.V. | CL A SHS | N4732M103 |  | 687113 | 47650 | SH |  | SOLE |  | 47650 | 0 | 0 |
| JENA ACQUISITION CORP II | USD CL A ORD SHS | G5093B105 |  | 1017000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 727222 | 3514 | SH |  | SOLE |  | 3514 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 2231373 | 6925 | SH |  | SOLE |  | 6925 | 0 | 0 |
| KB FINL GROUP INC | SPONSORED ADR | 48241A105 |  | 1505700 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| LAKE SUPERIOR ACQUISITION CO | USD CL A ORD SHS | G5354C107 |  | 699360 | 70500 | SH |  | SOLE |  | 70500 | 0 | 0 |
| LAUNCH ONE ACQUISITION CORP | SHS CLASS A | G5S86M100 |  | 1059000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| LAUNCH TWO ACQUISITION CORP. | ORD SHS CL A | G5S87A105 |  | 1572000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| LAUNCHPAD CADENZA ACQUISITIO | UNIT 12/15/2030 | G6001S123 |  | 249500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| LEAPFROG ACQUISITION CORP | UNIT 11/10/2030 | G5414D129 |  | 150075 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| LENSAR INC | COM | 52634L108 |  | 377975 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| LIONHEART HOLDINGS | SHS CL A | G5501C109 |  | 1063010 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| LUMENT FINANCE TRUST INC | COM | 55025L108 |  | 282000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 402960 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| M3-BRIGADE ACQUISITION VI CO | ORD SHS CL A | G63221108 |  | 250000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| M3BRIGADE ACQUISITION V CORP | CL A | G63212107 |  | 531500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 283314 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| MANNKIND CORP | COM NEW | 56400P706 |  | 5526549 | 974700 | SH |  | SOLE |  | 974700 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 5227545 | 61515 | SH |  | SOLE |  | 61515 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 7058360 | 12364 | SH |  | SOLE |  | 12364 | 0 | 0 |
| MELAR ACQUISITION CORP. I | SHS CL A | G6004G100 |  | 1063000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 2850178 | 1415 | SH |  | SOLE |  | 1415 | 0 | 0 |
| MERSANA THERAPEUTICS INC | COM | 59045L205 |  | 520740 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| MESHFLOW ACQUISITION CORP | UNIT 11/19/2030 | G6032N127 |  | 200000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 17943887 | 27184 | SH |  | SOLE |  | 27184 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 34445834 | 71225 | SH |  | SOLE |  | 71225 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 1205900 | 22402 | SH |  | SOLE |  | 22402 | 0 | 0 |
| MONEYHERO LIMITED | ORD SHS | G6202B101 |  | 27720 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| MONEYHERO LIMITED | *W EXP 09/13/202 | G6202B119 |  | 993 | 23200 | SH |  | SOLE |  | 23200 | 0 | 0 |
| MOUNTAIN LAKE ACQUISITION CO | SHS CL A | G6301B101 |  | 416000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NEW PROVIDENCE ACQUISITION C | USD CL A ORD SHS | G6476A102 |  | 769500 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| NEXTNAV INC | COMMON STOCK | 65345N106 |  | 582400 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 429023 | 6734 | SH |  | SOLE |  | 6734 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 7669889 | 343633 | SH |  | SOLE |  | 343633 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 31837228 | 170709 | SH |  | SOLE |  | 170709 | 0 | 0 |
| OCULAR THERAPEUTIX INC | COM | 67576A100 |  | 30203519 | 2487934 | SH |  | SOLE |  | 2487934 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 2361427 | 25890 | SH |  | SOLE |  | 25890 | 0 | 0 |
| OTG ACQUISITION CORP. I | ORD CL A | G6791A100 |  | 1000000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| OXLEY BRIDGE ACQ LTD | USD CL A ORD SHS | G6858G107 |  | 252000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| OYSTER ENTERPRISES II ACQUIS | ORD SHS CL A | G6861F104 |  | 504000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 764430 | 4150 | SH |  | SOLE |  | 4150 | 0 | 0 |
| PALVELLA THERAPEUTICS INC NE | COM | 697947109 |  | 251208 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| PAMPA ENERGIA S A | SPONS ADR LVL I | 697660207 |  | 442550 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 2309028 | 2627 | SH |  | SOLE |  | 2627 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 608850 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 841350 | 71000 | SH |  | SOLE |  | 71000 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SP ADR NON VTG | 71654V101 |  | 233852 | 20750 | SH |  | SOLE |  | 20750 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 6796148 | 42370 | SH |  | SOLE |  | 42370 | 0 | 0 |
| PIONEER ACQUISITION I CORP | CL A ORD SHS | G7117W107 |  | 100500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PYROPHYTE ACQUISITION CORP. | CL A SHS | G7309T102 |  | 100600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 1006186 | 52161 | SH |  | SOLE |  | 52161 | 0 | 0 |
| RANGE CAP ACQUISITION CORP | ORD SHS | G7375C108 |  | 521000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| RANGE CAP ACQUISITION CORP I | CL A ORD SHS | G7375J103 |  | 298800 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | SHS CL A | G7490F101 |  | 266750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| REPUBLIC DIGITAL ACQUISITION | USD CL A ORD SHS | G7515A103 |  | 506250 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 423860 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 1280345 | 2450 | SH |  | SOLE |  | 2450 | 0 | 0 |
| SAFEGUARD ACQUISITION CORP | UNIT 99/99/9999 | G77676123 |  | 1008500 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 255140 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 939180 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 1900220 | 12250 | SH |  | SOLE |  | 12250 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 5048028 | 32610 | SH |  | SOLE |  | 32610 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 4149489 | 56471 | SH |  | SOLE |  | 56471 | 0 | 0 |
| SILICON MOTION TECHNOLOGY CO | SPONSORED ADR | 82706C108 |  | 254925 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| SILVER PEGASUS ACQUISITION C | SHS CL A | G8192J102 |  | 251500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SILVERBOX CORP V | UNIT 99/99/9999 | G8148S123 |  | 502000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SIM ACQUISITION CORP. I | SHS CL A | G8431T101 |  | 1059000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SIZZLE ACQUISITION CORP. II | USD CL A ORD SHS | G8193F109 |  | 1524000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| SOCIAL COMM PARTNERS CORP | UNIT 11/24/2030 | G8254P129 |  | 250000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SOLARIUS CAPITAL ACQU CORP | SHS CL A | G82617104 |  | 502500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SOULPOWER ACQUISITION CORP | USD CL A ORD SHS | G82745103 |  | 1522500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 367857 | 2564 | SH |  | SOLE |  | 2564 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1327638 | 3350 | SH |  | SOLE |  | 3350 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 5084396 | 7456 | SH |  | SOLE |  | 7456 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 1219300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 1374404 | 29330 | SH |  | SOLE |  | 29330 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 435532 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| SSGA ACTIVE ETF TR | STATE STREET DOU | 78467V848 |  | 217350 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 1296924 | 3690 | SH |  | SOLE |  | 3690 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 11507403 | 37867 | SH |  | SOLE |  | 37867 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 7202266 | 16015 | SH |  | SOLE |  | 16015 | 0 | 0 |
| THAYER VENTURES ACQ CORP II | CL A | G87890102 |  | 253000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| TIDAL TRUST I | FUNDSTRAT GRANNY | 886364231 |  | 262456 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| TITAN ACQUISITION CORP | CL A | G8901A103 |  | 1025100 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 3241171 | 21100 | SH |  | SOLE |  | 21100 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 395505 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 13058484 | 159815 | SH |  | SOLE |  | 159815 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 801227 | 990 | SH |  | SOLE |  | 990 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 214995 | 16500 | SH |  | SOLE |  | 16500 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 900325 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| VANECK ETF TRUST | VANECK VIETNAM | 92189F817 |  | 1640880 | 86000 | SH |  | SOLE |  | 86000 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1013210 | 11450 | SH |  | SOLE |  | 11450 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 664840 | 1983 | SH |  | SOLE |  | 1983 | 0 | 0 |
| VERDE CLEAN FUELS INC | *W EXP 02/15/202 | 923372114 |  | 6904 | 83855 | SH |  | SOLE |  | 83855 | 0 | 0 |
| VINCI COMPASS INVESTMENTS LT | COM CL A | G9451V109 |  | 330968 | 25381 | SH |  | SOLE |  | 25381 | 0 | 0 |
| VINE HILL CAP INVT CORP. | ORD SHS CL A | G93Y09107 |  | 1077000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| VINE HILL CAP INVTS CORP II | UNIT 11/25/2030 | G9709D125 |  | 501050 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 15923286 | 45403 | SH |  | SOLE |  | 45403 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 6265510 | 128761 | SH |  | SOLE |  | 128761 | 0 | 0 |
| VOYAGER ACQUISITION CORP | CL A | G93A7H104 |  | 1067000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 12730486 | 114267 | SH |  | SOLE |  | 114267 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 540560 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| WEN ACQUISITION CORP | COM CL A | G9R39C103 |  | 252500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 563409 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 1057840 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 |  | 2106320 | 58250 | SH |  | SOLE |  | 58250 | 0 | 0 |

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