# EDGAR Filing Document

**Accession Number:** 0002136566
**File Stem:** 0001172661-26-002445
**Filing Date:** 2026-5
**Character Count:** 12353
**Document Hash:** 6b02aaec8bb0479f2cbd929b70f52dec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-002445.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001172661-26-002445

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**EFFECTIVENESS DATE**: 20260529

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAVELLE CAPITAL LP
- **CENTRAL INDEX KEY:** 0002136566

**ORGANIZATION NAME:**
- **EIN:** 872389529
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26998
- **FILM NUMBER:** 261039124

**BUSINESS ADDRESS:**
- **STREET 1:** 345 CALIFORNIA ST
- **STREET 2:** STE 600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** 4155019987

**MAIL ADDRESS:**
- **STREET 1:** 345 CALIFORNIA ST
- **STREET 2:** STE 600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104

### 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:** LAVELLE CAPITAL LP<br>**Address:** 345 CALIFORNIA ST<br>STE 600<br>SAN FRANCISCO, CA 94104

**Form 13F File Number:** 028-26998

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:** Sanjeev Rao<br>**Title:** Managing Partner<br>**Phone:** 415-501-9987

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

/s/ Sanjeev Rao  San Francisco, CA  05-29-2026<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:** 89

**Form 13F Information Table Value Total:** $157838422

      (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 |
| 2023 ETF SERIES TRUST | EAGLE CAPITAL SE | 88339Y102 |  | 272527 | 8396 | SH |  | SOLE |  | 8396 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 833989 | 3650 | SH |  | SOLE |  | 3650 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 701730 | 2005 | SH |  | SOLE |  | 2005 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 491043 | 3350 | SH |  | SOLE |  | 3350 | 0 | 0 |
| ALKAMI TECHNOLOGY INC | COM | 01644J108 |  | 1378225 | 59741 | SH |  | SOLE |  | 59741 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 6611906 | 21070 | SH |  | SOLE |  | 21070 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9376450 | 29957 | SH |  | SOLE |  | 29957 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1782161 | 7721 | SH |  | SOLE |  | 7721 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1172742 | 3170 | SH |  | SOLE |  | 3170 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2025067 | 7449 | SH |  | SOLE |  | 7449 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 342926 | 2115 | SH |  | SOLE |  | 2115 | 0 | 0 |
| AVEPOINT INC | COM CL A | 053604104 |  | 547822 | 39440 | SH |  | SOLE |  | 39440 | 0 | 0 |
| BANCO SANTANDER SA | ADR | 05964H105 |  | 240641 | 20515 | SH |  | SOLE |  | 20515 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 454382 | 8261 | SH |  | SOLE |  | 8261 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1317446 | 2621 | SH |  | SOLE |  | 2621 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 3774000 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 2489206 | 45640 | SH |  | SOLE |  | 45640 | 0 | 0 |
| BLACKLINE INC | COM | 09239B109 |  | 891220 | 16119 | SH |  | SOLE |  | 16119 | 0 | 0 |
| BLOCK H  R INC | COM | 093671105 |  | 429481 | 9855 | SH |  | SOLE |  | 9855 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 245448 | 4335 | SH |  | SOLE |  | 4335 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 410475 | 1186 | SH |  | SOLE |  | 1186 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 352433 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 1586000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 998107 | 3655 | SH |  | SOLE |  | 3655 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 762688 | 884 | SH |  | SOLE |  | 884 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 914082 | 1950 | SH |  | SOLE |  | 1950 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 211712 | 197 | SH |  | SOLE |  | 197 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 888985 | 53911 | SH |  | SOLE |  | 53911 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 947885 | 29566 | SH |  | SOLE |  | 29566 | 0 | 0 |
| EXPENSIFY INC | COM CL A | 30219Q106 |  | 30200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| FRESHWORKS INC | CLASS A COM | 358054104 |  | 1964594 | 160375 | SH |  | SOLE |  | 160375 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1067366 | 1214 | SH |  | SOLE |  | 1214 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 843934 | 2103 | SH |  | SOLE |  | 2103 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 844199 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1028960 | 5371 | SH |  | SOLE |  | 5371 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 385639 | 4751 | SH |  | SOLE |  | 4751 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 262158 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 2133659 | 22163 | SH |  | SOLE |  | 22163 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 751157 | 2190 | SH |  | SOLE |  | 2190 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 444565 | 1806 | SH |  | SOLE |  | 1806 | 0 | 0 |
| ISHARES TR | MSCI INDIA SM CP | 46429B614 |  | 222846 | 3188 | SH |  | SOLE |  | 3188 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1654130 | 2415 | SH |  | SOLE |  | 2415 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 3198806 | 63230 | SH |  | SOLE |  | 63230 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 1392233 | 22290 | SH |  | SOLE |  | 22290 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 133256 | 16130 | SH |  | SOLE |  | 16130 | 0 | 0 |
| KRANESHARES TRUST | HANG SENG TECH | 500767579 |  | 1294456 | 82660 | SH |  | SOLE |  | 82660 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 383146 | 1235 | SH |  | SOLE |  | 1235 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 271677 | 476 | SH |  | SOLE |  | 476 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 377364 | 460 | SH |  | SOLE |  | 460 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4348612 | 6588 | SH |  | SOLE |  | 6588 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1331470 | 2753 | SH |  | SOLE |  | 2753 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 423621 | 10380 | SH |  | SOLE |  | 10380 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2207655 | 11837 | SH |  | SOLE |  | 11837 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 230250 | 1250 | SH |  | SOLE |  | 1250 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 499201 | 4450 | SH |  | SOLE |  | 4450 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 779370 | 35750 | SH |  | SOLE |  | 35750 | 0 | 0 |
| PIMCO DYNAMIC INCOME FD | SHS | 72201Y101 |  | 362436 | 20465 | SH |  | SOLE |  | 20465 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 654554 | 6290 | SH |  | SOLE |  | 6290 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 261295 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 609754 | 11133 | SH |  | SOLE |  | 11133 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 1561647 | 10088 | SH |  | SOLE |  | 10088 | 0 | 0 |
| SEMRUSH HLDGS INC | CL A COM | 81686C104 |  | 3792161 | 318937 | SH |  | SOLE |  | 318937 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 687342 | 4270 | SH |  | SOLE |  | 4270 | 0 | 0 |
| SIMILARWEB LTD | SHS | M84137104 |  | 1518425 | 202727 | SH |  | SOLE |  | 202727 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 2268082 | 5723 | SH |  | SOLE |  | 5723 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 25304058 | 35697 | SH |  | SOLE |  | 35697 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 475500 | 8370 | SH |  | SOLE |  | 8370 | 0 | 0 |
| SPINNAKER ETF SERIES | SELECT STOXX EUR | 84858T772 |  | 618089 | 14671 | SH |  | SOLE |  | 14671 | 0 | 0 |
| SPRINKLR INC | CL A | 85208T107 |  | 787453 | 101215 | SH |  | SOLE |  | 101215 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 15195000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1528263 | 5029 | SH |  | SOLE |  | 5029 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 200388 | 2050 | SH |  | SOLE |  | 2050 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 1953050 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 582867 | 5420 | SH |  | SOLE |  | 5420 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767803 |  | 683561 | 10452 | SH |  | SOLE |  | 10452 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 755470 | 7295 | SH |  | SOLE |  | 7295 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1662868 | 6446 | SH |  | SOLE |  | 6446 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 9586186 | 15286 | SH |  | SOLE |  | 15286 | 0 | 0 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 202152 | 2680 | SH |  | SOLE |  | 2680 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 2011515 | 14260 | SH |  | SOLE |  | 14260 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1666145 | 26671 | SH |  | SOLE |  | 26671 | 0 | 0 |
| VESTIS CORPORATION | COM SHS | 29430C102 |  | 131699 | 19745 | SH |  | SOLE |  | 19745 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 642314 | 1831 | SH |  | SOLE |  | 1831 | 0 | 0 |
| WISDOMTREE TR | CLOUD COMPUTNG | 97717Y691 |  | 7653746 | 218616 | SH |  | SOLE |  | 218616 | 0 | 0 |
| WISDOMTREE TR | WISDOMTREE US VA | 97717W547 |  | 481895 | 5165 | SH |  | SOLE |  | 5165 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 371569 | 1730 | SH |  | SOLE |  | 1730 | 0 | 0 |
| WORKIVA INC | COM CL A | 98139A105 |  | 1276931 | 14805 | SH |  | SOLE |  | 14805 | 0 | 0 |
| YELP INC | CL A | 985817105 |  | 551730 | 18155 | SH |  | SOLE |  | 18155 | 0 | 0 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 |  | 844974 | 83085 | SH |  | SOLE |  | 83085 | 0 | 0 |

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