# EDGAR Filing Document

**Accession Number:** 0001885066
**File Stem:** 0001885066-26-000001
**Filing Date:** 2026-2
**Character Count:** 11439
**Document Hash:** 26010e6a80c8d8a904f448e68674a7c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001885066-26-000001.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001885066-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RPO LLC
- **CENTRAL INDEX KEY:** 0001885066

**ORGANIZATION NAME:**
- **EIN:** 861767227
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21641
- **FILM NUMBER:** 26639482

**BUSINESS ADDRESS:**
- **STREET 1:** 6 LANDMARK SQUARE, 4TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** (203) 485-8813

**MAIL ADDRESS:**
- **STREET 1:** 6 LANDMARK SQUARE, 4TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

### 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:** RPO LLC<br>**Address:** 6 Landmark Square 4th Floor<br>Stamford, CT 06901

**Form 13F File Number:** 028-21641

**CRD Number (if applicable):** 000318296

**SEC File Number (if applicable):** 801-123109

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:** Zuzana Guggenheimer<br>**Title:** CFO<br>**Phone:** 203-485-8813

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

/s/Zuzana Guggenheimer  Stamford, CT  02-17-2026<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:** 70

**Form 13F Information Table Value Total:** $955935391

      (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

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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 |
| ALEANNA INC | *W EXP 12/13/202 | 01444V111 |  | 1966 | 13896 | SH |  | SOLE |  | 13896 | 0 | 0 |
| AMC ENTMT HLDGS INC | CL A NEW | 00165C302 | BBG001SZYYL4 | 48628 | 31172 | SH |  | SOLE |  | 31172 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 3887598 | 14300 | SH |  | SOLE |  | 14300 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 16311600 | 60000 | SH | Put | SOLE |  | 60000 | 0 | 0 |
| ARK 21SHARES BITCOIN ETF | SHS BEN INT | 040919102 | BBG01KY6DXL3 | 2688233 | 92570 | SH |  | SOLE |  | 92570 | 0 | 0 |
| ARMADA HOFFLER PPTYS INC | COM | 04208T108 | BBG004CYX1N9 | 67856 | 10250 | SH |  | SOLE |  | 10250 | 0 | 0 |
| AURORA INNOVATION INC | CLASS A COM | 051774107 | BBG00Z92Y6Y0 | 62872 | 16373 | SH |  | SOLE |  | 16373 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 24475000 | 445000 | SH | Call | SOLE |  | 445000 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 22880000 | 416000 | SH | Put | SOLE |  | 416000 | 0 | 0 |
| BIT DIGITAL INC | SHS | G1144A105 | BBG00JM2HWD6 | 23362 | 12361 | SH |  | SOLE |  | 12361 | 0 | 0 |
| BITFUFU INC | CL A ORD SHS | G1152A104 | BBG01GVHVH09 | 61020 | 23114 | SH |  | SOLE |  | 23114 | 0 | 0 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 | BBG01KY66MQ0 | 1517164 | 31900 | SH |  | SOLE |  | 31900 | 0 | 0 |
| BITWISE SOLANA STAKING ETF | COM SHS OF BENEF | 091948109 | BBG01Y5PF266 | 3298040 | 201100 | SH |  | SOLE |  | 201100 | 0 | 0 |
| BLAIZE HLDGS INC | *W EXP 01/13/203 | 092915115 |  | 18203 | 45520 | SH |  | SOLE |  | 45520 | 0 | 0 |
| BLEND LABS INC | CL A | 09352U108 | BBG00D0YK7V4 | 66174 | 21768 | SH |  | SOLE |  | 21768 | 0 | 0 |
| BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | BBG001S6YGF4 | 65478 | 22424 | SH |  | SOLE |  | 22424 | 0 | 0 |
| BUMBLE INC | COM CL A | 12047B105 | BBG00Z6RF535 | 65860 | 18448 | SH |  | SOLE |  | 18448 | 0 | 0 |
| CALAMOS GBL DYN INCOME FUND | COM | 12811L107 | BBG001SQN842 | 457931 | 61799 | SH |  | SOLE |  | 61799 | 0 | 0 |
| CARNIVAL PLC | ADS | 14365C103 | BBG001SG8WT1 | 336966 | 11110 | SH |  | SOLE |  | 11110 | 0 | 0 |
| CI INC | COM CL A | G21307106 | BBG00PVKYX69 | 60496 | 14864 | SH |  | SOLE |  | 14864 | 0 | 0 |
| CLARIVATE PLC | ORD SHS | G21810109 | BBG00P1919H4 | 63808 | 19104 | SH |  | SOLE |  | 19104 | 0 | 0 |
| CLOUGH GLOBAL DIVID  INCOME | COM | 18913Y103 | BBG001SM3DP9 | 422396 | 70753 | SH |  | SOLE |  | 70753 | 0 | 0 |
| CLOUGH GLOBAL EQUITY FD | COM | 18914C100 | BBG001SMM7Q0 | 707225 | 92327 | SH |  | SOLE |  | 92327 | 0 | 0 |
| CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | BBG001SPR742 | 630971 | 111479 | SH |  | SOLE |  | 111479 | 0 | 0 |
| COMPASS DIVERSIFIED | SH BEN INT | 20451Q104 | BBG001SPY7K6 | 59846 | 12468 | SH |  | SOLE |  | 12468 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 1107780 | 11834 | SH |  | SOLE |  | 11834 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 22185570 | 237000 | SH | Call | SOLE |  | 237000 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 22840840 | 244000 | SH | Put | SOLE |  | 244000 | 0 | 0 |
| EATON VANCE RISK-MANAGED DIV | COM | 27829G106 | BBG001SV50F6 | 1207546 | 136910 | SH |  | SOLE |  | 136910 | 0 | 0 |
| EVOLENT HEALTH INC | CL A | 30050B101 | BBG005CHLMB3 | 70692 | 17673 | SH |  | SOLE |  | 17673 | 0 | 0 |
| FIDELITY SOLANA FD | BENEFICIAL INT | 31641G104 | BBG01Y69PZF7 | 239276 | 16400 | SH |  | SOLE |  | 16400 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 | BBG01KY66QQ1 | 2360081 | 30960 | SH |  | SOLE |  | 30960 | 0 | 0 |
| GOODRX HLDGS INC | COM CL A | 38246G108 | BBG00X0VP956 | 65236 | 24072 | SH |  | SOLE |  | 24072 | 0 | 0 |
| GRAYSCALE ETHEREUM MINI TR E | SHS NEW | 38964R203 | BBG01NR6D0D6 | 1666764 | 59400 | SH |  | SOLE |  | 59400 | 0 | 0 |
| INVESCO GALAXY BITCOIN ETF | COM SHS BEN INT | 46091J101 | BBG01KY66H90 | 1769551 | 20300 | SH |  | SOLE |  | 20300 | 0 | 0 |
| JETBLUE AWYS CORP | COM | 477143101 | BBG001S9YPC1 | 66494 | 14614 | SH |  | SOLE |  | 14614 | 0 | 0 |
| LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 | BBG001S5X3D8 | 3602836 | 573700 | SH |  | SOLE |  | 573700 | 0 | 0 |
| LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 | BBG001S8MP72 | 681628 | 128609 | SH |  | SOLE |  | 128609 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 7496110 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 14992220 | 31000 | SH | Call | SOLE |  | 31000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 26599100 | 55000 | SH | Put | SOLE |  | 55000 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 8166380 | 46000 | SH | Call | SOLE |  | 46000 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 12959690 | 73000 | SH | Put | SOLE |  | 73000 | 0 | 0 |
| NEWELL BRANDS INC | COM | 651229106 | BBG001S5TSW7 | 64884 | 17442 | SH |  | SOLE |  | 17442 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 21261000 | 114000 | SH | Call | SOLE |  | 114000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 44200500 | 237000 | SH | Put | SOLE |  | 237000 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 | BBG00Z5JLLD1 | 66080 | 11758 | SH |  | SOLE |  | 11758 | 0 | 0 |
| PROSPECT CAP CORP | COM | 74348T102 | BBG001SM4WF7 | 66222 | 25568 | SH |  | SOLE |  | 25568 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 3421000 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 15907650 | 93000 | SH | Put | SOLE |  | 93000 | 0 | 0 |
| READY CAPITAL CORP | COM | 75574U101 | BBG003TCRSD0 | 59196 | 27154 | SH |  | SOLE |  | 27154 | 0 | 0 |
| RECURSION PHARMACEUTICALS IN | CL A | 75629V104 | BBG00PQ4XJ54 | 61840 | 15120 | SH |  | SOLE |  | 15120 | 0 | 0 |
| RIBBON COMMUNICATIONS INC | COM | 762544104 | BBG00HW4CSH5 | 63960 | 22208 | SH |  | SOLE |  | 22208 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 126442 | 14018 | SH |  | SOLE |  | 14018 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 38068866 | 55826 | SH |  | SOLE |  | 55826 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 204576000 | 300000 | SH | Call | SOLE |  | 300000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 382557120 | 561000 | SH | Put | SOLE |  | 561000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 | BBG001SMH2W0 | 1243320 | 12000 | SH | Call | SOLE |  | 12000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 | BBG001SMH2W0 | 24141130 | 233000 | SH | Put | SOLE |  | 233000 | 0 | 0 |
| SRH TOTAL RETURN FUND INC | COM | 101507101 | BBG001SKK3J3 | 3133074 | 168990 | SH |  | SOLE |  | 168990 | 0 | 0 |
| STRATEGY INC | NOTE 0.625% 9/1 | 594972AQ4 |  | 5867207 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| STRATEGY INC | NOTE 12/0 | 594972AS0 |  | 4122560 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| SUNCOKE ENERGY INC | COM | 86722A103 | BBG001T90D25 | 73454 | 10202 | SH |  | SOLE |  | 10202 | 0 | 0 |
| TRONOX HOLDINGS PLC | SHS | G9087Q102 | BBG00MRH2W29 | 73134 | 17538 | SH |  | SOLE |  | 17538 | 0 | 0 |
| UDEMY INC | COM | 902685106 | BBG0025DTRP3 | 77138 | 13186 | SH |  | SOLE |  | 13186 | 0 | 0 |
| UNDER ARMOUR INC | CL A | 904311107 | BBG001SJLLQ7 | 75902 | 15272 | SH |  | SOLE |  | 15272 | 0 | 0 |
| VTEX | SHS CL A | G9470A102 | BBG011M1L6B0 | 65394 | 17392 | SH |  | SOLE |  | 17392 | 0 | 0 |
| WEAVE COMMUNICATIONS INC | COM | 94724R108 | BBG00BCHPRQ9 | 80546 | 10612 | SH |  | SOLE |  | 10612 | 0 | 0 |
| WEBULL CORP | *W EXP 04/10/203 | G9572D111 |  | 60165 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| WESTROCK COFFEE CO | COM | 96145W103 | BBG016LHSFJ0 | 65120 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |

---