# EDGAR Filing Document

**Accession Number:** 0001804352
**File Stem:** 0001804352-26-000002
**Filing Date:** 2026-4
**Character Count:** 12178
**Document Hash:** b84b0a80c7fcba3fc5c0654d20d735d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001804352-26-000002.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001804352-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260427

**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:** 26898047

**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:** 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:** 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  04-27-2026<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:** 83

**Form 13F Information Table Value Total:** $350294364

      (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 |
| ADECOAGRO S A | COM | L00849106 |  | 377002 | 25100 | SH |  | SOLE |  | 25100 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 466778 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3261960 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 287560 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ALPHABET INC | CALL | 02079K905 |  | 5463640 | 19000 | SH | Call | SOLE |  | 19000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 374886 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| AMAZON COM INC | CALL | 023135906 |  | 562329 | 2700 | SH | Call | SOLE |  | 2700 | 0 | 0 |
| AMERICAN AIRLINES GROUP INC | COM | 02376R102 |  | 268500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| APPLE INC | PUT | 037833950 |  | 558338 | 2200 | SH | Put | SOLE |  | 2200 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1471982 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| APPLE INC | CALL | 037833900 |  | 4390567 | 17300 | SH | Call | SOLE |  | 17300 | 0 | 0 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 317040 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| AUTOHOME INC | SP ADS RP CL A | 05278C107 |  | 225810 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 668520 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| BANCO BBVA ARGENTINA S A | SPONSORED ADS | 058934100 |  | 27937976 | 1739600 | SH |  | SOLE |  | 1739600 | 0 | 0 |
| BANCO MACRO S A | SPON ADR B | 05961W105 |  | 13323423 | 172204 | SH |  | SOLE |  | 172204 | 0 | 0 |
| BILIBILI INC | SPONS ADS REP Z | 090040106 |  | 834720 | 37000 | SH |  | SOLE |  | 37000 | 0 | 0 |
| BIOCERES CROP SOLUTIONS CORP | SHS | G1117K114 |  | 24470 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| CARNIVAL CORP | COMMON STOCK | 143658300 |  | 388200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CENTRAL PUERTO S A | SPONSORED ADR | 155038201 |  | 2527866 | 150200 | SH |  | SOLE |  | 150200 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 330000 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 1871460 | 74000 | SH |  | SOLE |  | 74000 | 0 | 0 |
| CRESUD S A C I F Y A | SPONSORED ADR | 226406106 |  | 1899796 | 149355 | SH |  | SOLE |  | 149355 | 0 | 0 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 913920 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DLY 20 YR TRESUR | 25460G138 |  | 1009680 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| DIREXION SHARES ETF TRUST | DAILY FTSE CHINA | 25460G195 |  | 3445050 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 954162 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 179880 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| EMPRESA DIST Y COMERCIAL NOR | SPON ADR | 29244A102 |  | 2323548 | 77400 | SH |  | SOLE |  | 77400 | 0 | 0 |
| ETF SER SOLUTIONS | US GLB JETS | 26922A842 |  | 615750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 473830 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| FRESENIUS MEDICAL CARE AG | SPONSORED ADR | 358029106 |  | 338400 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 24312555 | 520500 | SH |  | SOLE |  | 520500 | 0 | 0 |
| GRUPO SUPERVIELLE S.A. | SPONSORED ADR | 40054A108 |  | 4908315 | 520500 | SH |  | SOLE |  | 520500 | 0 | 0 |
| INVESCO CURRENCYSHARES EURO | EURO SHS | 46138K103 |  | 2101793 | 19700 | SH |  | SOLE |  | 19700 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2251002 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| INVESCO QQQ TR | CALL | 46090E903 |  | 31860336 | 55200 | SH | Call | SOLE |  | 55200 | 0 | 0 |
| IRSA INVERSIONES Y REP S A | SPON GDS ECH 10 | 450047303 |  | 2018972 | 124551 | SH |  | SOLE |  | 124551 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 6825742 | 177800 | SH |  | SOLE |  | 177800 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 5815800 | 162000 | SH |  | SOLE |  | 162000 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 567900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 322400 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| ISHARES TR | CALL | 464287905 |  | 1636800 | 6600 | SH | Call | SOLE |  | 6600 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 3016140 | 102000 | SH |  | SOLE |  | 102000 | 0 | 0 |
| KRANESHARES TRUST | CALL | 500767906 |  | 852900 | 30000 | SH | Call | SOLE |  | 30000 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 18658609 | 656300 | SH |  | SOLE |  | 656300 | 0 | 0 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 855840 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| LITHIUM AMERS CORP NEW | COM SHS | 53681J103 |  | 118500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| LITHIUM ARGENTINA AG | COM SHS | H5012F103 |  | 888440 | 133000 | SH |  | SOLE |  | 133000 | 0 | 0 |
| LOMA NEGRA C I A S A MTN 14 | SPONSORED ADS | 54150E104 |  | 1397340 | 126000 | SH |  | SOLE |  | 126000 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 590501 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1210314 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1110510 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| MICROSOFT CORP | CALL | 594918904 |  | 17731143 | 47900 | SH | Call | SOLE |  | 47900 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 432675 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 389427 | 27100 | SH |  | SOLE |  | 27100 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 872000 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| NVIDIA CORPORATION | CALL | 67066G904 |  | 4325120 | 24800 | SH | Call | SOLE |  | 24800 | 0 | 0 |
| NVIDIA CORPORATION | PUT | 67066G954 |  | 1604480 | 9200 | SH | Put | SOLE |  | 9200 | 0 | 0 |
| ORACLE CORP | CALL | 68389X905 |  | 367775 | 2500 | SH | Call | SOLE |  | 2500 | 0 | 0 |
| PAMPA ENERGIA SA | SPONS ADR LVL I | 697660207 |  | 29160750 | 329500 | SH |  | SOLE |  | 329500 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 2094690 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 |  | 1761675 | 84900 | SH |  | SOLE |  | 84900 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 702000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 481800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 |  | 231595 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | CALL | 78462F903 |  | 260136 | 400 | SH | Call | SOLE |  | 400 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | PUT | 78462F953 |  | 13982310 | 21500 | SH | Put | SOLE |  | 21500 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 325170 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 |  | 345500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TELECOM ARGENTINA SA | SPON ADR REP B | 879273209 |  | 241983 | 20700 | SH |  | SOLE |  | 20700 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 696000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| TESLA INC | CALL | 88160R901 |  | 4981450 | 13400 | SH | Call | SOLE |  | 13400 | 0 | 0 |
| TESLA INC | PUT | 88160R951 |  | 706325 | 1900 | SH | Put | SOLE |  | 1900 | 0 | 0 |
| TRANSPORTADORA DE GAS DEL SU | SPONSORED ADS B | 893870204 |  | 3627128 | 104800 | SH |  | SOLE |  | 104800 | 0 | 0 |
| UNITEDHEALTH GROUP INC | CALL | 91324P902 |  | 1948248 | 7200 | SH | Call | SOLE |  | 7200 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2327074 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 617308 | 38800 | SH |  | SOLE |  | 38800 | 0 | 0 |
| VANECK ETF TRUST | CALL | 92189F906 |  | 536760 | 1400 | SH | Call | SOLE |  | 1400 | 0 | 0 |
| VIPSHOP HLDGS LTD | SPONSORED ADS A | 92763W103 |  | 518760 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 5531951 | 73300 | SH |  | SOLE |  | 73300 | 0 | 0 |
| XPENG INC | ADS | 98422D105 |  | 384975 | 22500 | SH |  | SOLE |  | 22500 | 0 | 0 |
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 |  | 63700404 | 1378200 | SH |  | SOLE |  | 1378200 | 0 | 0 |

---