# EDGAR Filing Document

**Accession Number:** 0001804352
**File Stem:** 0001804352-25-000005
**Filing Date:** 2025-10
**Character Count:** 11078
**Document Hash:** 9521c49dbb81992c9e6875d500531a8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001804352-25-000005.hdr.sgml**: 20251031

**ACCESSION NUMBER**: 0001804352-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251031

**DATE AS OF CHANGE**: 20251031

**EFFECTIVENESS DATE**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PING CAPITAL MANAGEMENT, INC.
- **CENTRAL INDEX KEY:** 0001804352

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24268
- **FILM NUMBER:** 251438956

**BUSINESS ADDRESS:**
- **STREET 1:** 1185 AVENUE OF THE AMERICAS
- **STREET 2:** 3RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-257-6850

**MAIL ADDRESS:**
- **STREET 1:** 1185 AVENUE OF THE AMERICAS
- **STREET 2:** 3RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PING CAPITAL MANGEMENT, INC.
- **DATE OF NAME CHANGE:** 20200221

### 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:** PING CAPITAL MANAGEMENT INC.<br>**Address:** 1185 AVENUE OF THE AMERICAS<br>3RD FLOOR<br>NEW YORK, NY 10036

**Form 13F File Number:** 028-24268

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:** Ivan Garvalov<br>**Title:** CRO<br>**Phone:** 212-257--6850

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

Ivan Garvalov  New York, NY  10-31-2025<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:** 72

**Form 13F Information Table Value Total:** $294218910

      (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 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 323580 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ALPHABET INC | CALL | 02079K905 |  | 1215500 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| ALPHABET INC | PUT | 02079K955 |  | 243100 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 263484 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| AMAZON COM INC | CALL | 023135906 |  | 1668732 | 7600 | SH | Call | SOLE |  | 7600 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 224800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| APPLE INC | PUT | 037833950 |  | 2800930 | 11000 | SH | Put | SOLE |  | 11000 | 0 | 0 |
| BOEING CO | CALL | 097023905 |  | 863320 | 4000 | SH | Call | SOLE |  | 4000 | 0 | 0 |
| BOEING CO | PUT | 097023955 |  | 215830 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| CENTRAL PUERTO S A | CALL | 155038901 |  | 200250 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 283750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1340100 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 556680 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| INVESCO QQQ TR | PUT | 46090E953 |  | 13628399 | 22700 | SH | Put | SOLE |  | 22700 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 1154960 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| ISHARES TR | PUT | 464287955 |  | 290352 | 1200 | SH | Put | SOLE |  | 1200 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 1955680 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 310770 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| MICROSOFT CORP | CALL | 594918904 |  | 3418470 | 6600 | SH | Call | SOLE |  | 6600 | 0 | 0 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 283200 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 231870 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 300600 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 |  | 282600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TESLA INC | CALL | 88160R901 |  | 311304 | 700 | SH | Call | SOLE |  | 700 | 0 | 0 |
| TESLA INC | PUT | 88160R951 |  | 2223600 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | CALL | 91324P902 |  | 1899150 | 5500 | SH | Call | SOLE |  | 5500 | 0 | 0 |
| VANECK ETF TRUST | CALL | 92189F906 |  | 815900 | 2500 | SH | Call | SOLE |  | 2500 | 0 | 0 |
| VANECK ETF TRUST | PUT | 92189F956 |  | 489540 | 1500 | SH | Put | SOLE |  | 1500 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 858750 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| ADECOAGRO S A | COM | L00849106 |  | 784000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 1305388 | 16100 | SH |  | SOLE |  | 16100 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3412042 | 13400 | SH |  | SOLE |  | 13400 | 0 | 0 |
| APPLE INC | CALL | 037833900 |  | 3844913 | 15100 | SH | Call | SOLE |  | 15100 | 0 | 0 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 416550 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| BANCO MACRO SA | SPON ADR B | 05961W105 |  | 5206068 | 123104 | SH |  | SOLE |  | 123104 | 0 | 0 |
| BANCO BBVA ARGENTINA S A | SPONSORED ADS | 058934100 |  | 8740160 | 1050500 | SH |  | SOLE |  | 1050500 | 0 | 0 |
| BIOCERES CROP SOLUTIONS CORP | SHS | G1117K114 |  | 80370 | 57000 | SH |  | SOLE |  | 57000 | 0 | 0 |
| CENTRAL PUERTO S A | SPONSORED ADR | 155038201 |  | 1241550 | 155000 | SH |  | SOLE |  | 155000 | 0 | 0 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 715740 | 39500 | SH |  | SOLE |  | 39500 | 0 | 0 |
| CRESUD S A C I F Y A | SPONSORED ADR | 226406106 |  | 1111360 | 120800 | SH |  | SOLE |  | 120800 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY 20+ YEAR T | 25460G138 |  | 2772420 | 69000 | SH |  | SOLE |  | 69000 | 0 | 0 |
| DIREXION SHS ETF TR | CSI 300 BULL2X | 25490K869 |  | 3579370 | 173000 | SH |  | SOLE |  | 173000 | 0 | 0 |
| DIREXION SHS ETF TR | DL FTSE BULL 3X | 25460G195 |  | 3148820 | 58000 | SH |  | SOLE |  | 58000 | 0 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 359190 | 39000 | SH |  | SOLE |  | 39000 | 0 | 0 |
| EMPRESA DIST Y COMERCIAL NOR | SPON ADR | 29244A102 |  | 784224 | 50400 | SH |  | SOLE |  | 50400 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 11244480 | 408000 | SH |  | SOLE |  | 408000 | 0 | 0 |
| GRUPO SUPERVIELLE S.A. | SPONSORED ADR | 40054A108 |  | 1705275 | 344500 | SH |  | SOLE |  | 344500 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 6784181 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| INVESCO QQQ TR | CALL | 46090E903 |  | 68682328 | 114400 | SH | Call | SOLE |  | 114400 | 0 | 0 |
| IRSA INVERSIONES Y REP S A | SPON GDS ECH 10 | 450047303 |  | 1103488 | 93200 | SH |  | SOLE |  | 93200 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 2879800 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 7588800 | 244800 | SH |  | SOLE |  | 244800 | 0 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 695742 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1088820 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ISHARES TR | CALL | 464287905 |  | 1548544 | 6400 | SH | Call | SOLE |  | 6400 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | CALL | 46654Q903 |  | 586704 | 10200 | SH | Call | SOLE |  | 10200 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 9452250 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| LITHIUM ARGENTINA AG | COM SHS | H5012F103 |  | 340680 | 102000 | SH |  | SOLE |  | 102000 | 0 | 0 |
| LOMA NEGRA C I A S A MTN 14 | SPONSORED ADS | 54150E104 |  | 1112870 | 151000 | SH |  | SOLE |  | 151000 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 303890 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| NVIDIA CORPORATION | CALL | 67066G904 |  | 1753852 | 9400 | SH | Call | SOLE |  | 9400 | 0 | 0 |
| NVIDIA CORPORATION | PUT | 67066G954 |  | 1529956 | 8200 | SH | Put | SOLE |  | 8200 | 0 | 0 |
| PAMPA ENERGIA S A | SPONS ADR LVL I | 697660207 |  | 14534520 | 242000 | SH |  | SOLE |  | 242000 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 3392880 | 268000 | SH |  | SOLE |  | 268000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 382200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SPDR S 500 ETF TR | PUT | 78462F953 |  | 19852164 | 29800 | SH | Put | SOLE |  | 29800 | 0 | 0 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 |  | 4362600 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| TELECOM ARGENTINA SA | SPON ADR REP B | 879273209 |  | 278441 | 38300 | SH |  | SOLE |  | 38300 | 0 | 0 |
| TRANSPORTADORA DE GAS SUR | SPONSORED ADS B | 893870204 |  | 2159781 | 102700 | SH |  | SOLE |  | 102700 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 1442208 | 132800 | SH |  | SOLE |  | 132800 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 4262160 | 123900 | SH |  | SOLE |  | 123900 | 0 | 0 |
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 |  | 48992930 | 2017000 | SH |  | SOLE |  | 2017000 | 0 | 0 |

---