# EDGAR Filing Document

**Accession Number:** 0001602716
**File Stem:** 0001602716-25-000004
**Filing Date:** 2025-8
**Character Count:** 13667
**Document Hash:** a797ab92aef51769f1784b3ad26c8f60
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001602716-25-000004.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001602716-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Long Focus Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001602716

**ORGANIZATION NAME:**
- **EIN:** 462772035
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22083
- **FILM NUMBER:** 251217759

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 207 CALLE DEL PARQUE
- **STREET 2:** A&M TOWER 8TH FLOOR
- **CITY:** SAN JUAN
- **NON US STATE TERRITORY:** PUERTO RICO
- **PROVINCE COUNTRY:** PR
- **ZIP:** 00912
- **BUSINESS PHONE:** 864-990-3233

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 207 CALLE DEL PARQUE
- **STREET 2:** A&M TOWER 8TH FLOOR
- **CITY:** SAN JUAN
- **NON US STATE TERRITORY:** PUERTO RICO
- **PROVINCE COUNTRY:** PR
- **ZIP:** 00912

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Long Focus Capital Management LLC<br>**Address:** 207 CALLE DEL PARQUE<br>A TOWER 8TH FLOOR<br>SAN JUAN, PR 00912

**Form 13F File Number:** 028-22083

**CRD Number (if applicable):** 000322024

**SEC File Number (if applicable):** 801-126361

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:** John B. Helmers<br>**Title:** Chief Executive Officer<br>**Phone:** 787-493-0336

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

John B. Helmers  San Juan, PR  08-14-2025<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:** 93

**Form 13F Information Table Value Total:** $2644648285

      (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 |
| ACHIEVE LIFE SCIENCES INC | COM | 004468500 |  | 560704 | 248099 | SH |  | SOLE |  | 248099 | 0 | 0 |
| ADAPTIMMUNE THERAPEUTICS PLC | SPONDS ADS | 00653A107 |  | 5694478 | 23756687 | SH |  | SOLE |  | 23756687 | 0 | 0 |
| AKERO THERAPEUTICS INC | COM | 00973Y108 |  | 38419200 | 720000 | SH |  | SOLE |  | 720000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 16444450 | 145000 | SH |  | SOLE |  | 145000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | NOTE   0.500% 6/0 | 01609WBG6 |  | 29934869 | 23500000 | SH |  | SOLE |  | 23500000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1053855 | 5980 | SH |  | SOLE |  | 5980 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 17770590 | 81000 | SH |  | SOLE |  | 81000 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 11559500 | 610000 | SH |  | SOLE |  | 610000 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 34633469 | 859818 | SH |  | SOLE |  | 859818 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 |  | 6784188 | 132893 | SH |  | SOLE |  | 132893 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 2660063 | 18750 | SH |  | SOLE |  | 18750 | 0 | 0 |
| ARHAUS INC | COM CL A | 04035M102 |  | 13185336 | 1520800 | SH |  | SOLE |  | 1520800 | 0 | 0 |
| ASSURED GUARANTY LTD | COM | G0585R106 |  | 24388000 | 280000 | SH |  | SOLE |  | 280000 | 0 | 0 |
| AURA BIOSCIENCES INC | COM | 05153U107 |  | 28918583 | 4619582 | SH |  | SOLE |  | 4619582 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 4400760 | 93000 | SH |  | SOLE |  | 93000 | 0 | 0 |
| BICYCLE THERAPEUTICS PLC | SPONSORED ADS | 088786108 |  | 9155186 | 1317293 | SH |  | SOLE |  | 1317293 | 0 | 0 |
| BIOCERES CROP SOLUTIONS CORP | SHS | G1117K114 |  | 3708974 | 829748 | SH |  | SOLE |  | 829748 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 22135432 | 207903 | SH |  | SOLE |  | 207903 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 23221310 | 199000 | SH |  | SOLE |  | 199000 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 34942412 | 1230800 | SH |  | SOLE |  | 1230800 | 0 | 0 |
| CELLECTIS S A | SPON ADS | 15117K103 |  | 7123112 | 4717293 | SH |  | SOLE |  | 4717293 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 15493683 | 285440 | SH |  | SOLE |  | 285440 | 0 | 0 |
| CENTRAL PUERTO S A | SPONSORED ADR | 155038201 |  | 2717889 | 232696 | SH |  | SOLE |  | 232696 | 0 | 0 |
| CITI TRENDS INC | COM | 17306X102 |  | 14691600 | 440000 | SH |  | SOLE |  | 440000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 8481357 | 99640 | SH |  | SOLE |  | 99640 | 0 | 0 |
| CLARIVATE PLC | ORD SHS | G21810109 |  | 5052500 | 1175000 | SH |  | SOLE |  | 1175000 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 73893147 | 2070416 | SH |  | SOLE |  | 2070416 | 0 | 0 |
| CONTROLADORA VUELA COMP DE A | SPON ADR RP 10 | 21240E105 |  | 8147224 | 1715205 | SH |  | SOLE |  | 1715205 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 58448754 | 847329 | SH |  | SOLE |  | 847329 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 5901600 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| DESTINATION XL GROUP INC | COM | 25065K104 |  | 552827 | 498042 | SH |  | SOLE |  | 498042 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 60597712 | 3342400 | SH |  | SOLE |  | 3342400 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 1454640 | 29000 | SH |  | SOLE |  | 29000 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 108137600 | 940000 | SH |  | SOLE |  | 940000 | 0 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 |  | 37391200 | 6060162 | SH |  | SOLE |  | 6060162 | 0 | 0 |
| GLOBALSTAR INC | COM NEW | 378973507 |  | 15189750 | 645000 | SH |  | SOLE |  | 645000 | 0 | 0 |
| GOLAR LNG LTD | SHS | G9456A100 |  | 18329550 | 445000 | SH |  | SOLE |  | 445000 | 0 | 0 |
| GRUPO SUPERVIELLE S.A. | SPONSORED ADR | 40054A108 |  | 1330866 | 125672 | SH |  | SOLE |  | 125672 | 0 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 37540100 | 4355000 | SH |  | SOLE |  | 4355000 | 0 | 0 |
| HOWARD HUGHES HOLDINGS INC | COM | 44267T102 |  | 9720000 | 144000 | SH |  | SOLE |  | 144000 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 52352928 | 520200 | SH |  | SOLE |  | 520200 | 0 | 0 |
| IOVANCE BIOTHERAPEUTICS INC | COM | 462260100 |  | 20330400 | 11820000 | SH |  | SOLE |  | 11820000 | 0 | 0 |
| J JILL INC | COM | 46620W201 |  | 1117325 | 76320 | SH |  | SOLE |  | 76320 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 15679603 | 480380 | SH |  | SOLE |  | 480380 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 5351730 | 123000 | SH |  | SOLE |  | 123000 | 0 | 0 |
| LENDINGCLUB CORP | COM NEW | 52603A208 |  | 24189022 | 2010725 | SH |  | SOLE |  | 2010725 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 36682500 | 375000 | SH |  | SOLE |  | 375000 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 |  | 15407264 | 1494400 | SH |  | SOLE |  | 1494400 | 0 | 0 |
| LIBERTY LATIN AMERICA LTD | COM CL C | G9001E128 |  | 20496990 | 3295336 | SH |  | SOLE |  | 3295336 | 0 | 0 |
| LOMA NEGRA C I A S A MTN        14 | SPONSORED ADS | 54150E104 |  | 4142272 | 377600 | SH |  | SOLE |  | 377600 | 0 | 0 |
| MEIRAGTX HLDGS PLC | COM | G59665102 |  | 3421337 | 524745 | SH |  | SOLE |  | 524745 | 0 | 0 |
| NATIONAL ENERGY SERVICES REU | SHS | G6375R107 |  | 2997484 | 497921 | SH |  | SOLE |  | 497921 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 17098000 | 5150000 | SH |  | SOLE |  | 5150000 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 10463475 | 60500 | SH |  | SOLE |  | 60500 | 0 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 14535000 | 255000 | SH |  | SOLE |  | 255000 | 0 | 0 |
| ONITY GROUP INC | COM NEW | 675746606 |  | 25844449 | 677088 | SH |  | SOLE |  | 677088 | 0 | 0 |
| OPORTUN FINL CORP | COM | 68376D104 |  | 10852963 | 1515777 | SH |  | SOLE |  | 1515777 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 11795500 | 310000 | SH |  | SOLE |  | 310000 | 0 | 0 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 7326400 | 760000 | SH |  | SOLE |  | 760000 | 0 | 0 |
| PAPA JOHNS INTL INC | COM | 698813102 |  | 15201841 | 310622 | SH |  | SOLE |  | 310622 | 0 | 0 |
| PAR TECHNOLOGY CORP | COM | 698884103 |  | 1412165 | 20357 | SH |  | SOLE |  | 20357 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 92900000 | 1250000 | SH |  | SOLE |  | 1250000 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 17578294 | 1309858 | SH |  | SOLE |  | 1309858 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 |  | 33595600 | 1880000 | SH |  | SOLE |  | 1880000 | 0 | 0 |
| PETCO HEALTH  WELLNESS CO I | COM | 71601V105 |  | 19079249 | 6741784 | SH |  | SOLE |  | 6741784 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 36792360 | 1026000 | SH |  | SOLE |  | 1026000 | 0 | 0 |
| POWERFLEET INC | COM | 73931J109 |  | 1454642 | 337504 | SH |  | SOLE |  | 337504 | 0 | 0 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 8271800 | 603781 | SH |  | SOLE |  | 603781 | 0 | 0 |
| SIGHT SCIENCES INC | COM | 82657M105 |  | 13015728 | 3151508 | SH |  | SOLE |  | 3151508 | 0 | 0 |
| SOLITARIO RESOURCES CORP | COM | 8342EP107 |  | 916305 | 1409700 | SH |  | SOLE |  | 1409700 | 0 | 0 |
| SOUTHERN FIRST BANCSHARES | COM | 842873101 |  | 302871 | 7964 | SH |  | SOLE |  | 7964 | 0 | 0 |
| STANDARD BIOTOOLS INC | COM | 34385P108 |  | 12084000 | 10070000 | SH |  | SOLE |  | 10070000 | 0 | 0 |
| T1 ENERGY INC | COM NEW | 35834F104 |  | 7527600 | 6120000 | SH |  | SOLE |  | 6120000 | 0 | 0 |
| TAL EDUCATION GROUP | SPONSORED ADS | 874080104 |  | 11418806 | 1117300 | SH |  | SOLE |  | 1117300 | 0 | 0 |
| TILLYS INC | CL A | 886885102 |  | 3011065 | 2181931 | SH |  | SOLE |  | 2181931 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 24542631 | 3048774 | SH |  | SOLE |  | 3048774 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 21340840 | 268000 | SH |  | SOLE |  | 268000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 16222440 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 44519809 | 3049302 | SH |  | SOLE |  | 3049302 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 20169600 | 1760000 | SH |  | SOLE |  | 1760000 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 28101000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 25517250 | 225000 | SH | Call | SOLE |  | 225000 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 54673632 | 795600 | SH | Call | SOLE |  | 795600 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 299462388 | 14383400 | SH | Call | SOLE |  | 14383400 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 9967729 | 351100 | SH | Call | SOLE |  | 351100 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 83806050 | 205000 | SH | Call | SOLE |  | 205000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 30643200 | 360000 | SH | Call | SOLE |  | 360000 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 349480049 | 9792100 | SH | Call | SOLE |  | 9792100 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 75222690 | 1090500 | SH | Call | SOLE |  | 1090500 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 5439000 | 300000 | SH | Call | SOLE |  | 300000 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 84149100 | 1710000 | SH | Call | SOLE |  | 1710000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 68320000 | 3050000 | SH | Call | SOLE |  | 3050000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 8657439 | 363300 | SH | Call | SOLE |  | 363300 | 0 | 0 |

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