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Portfolio (Quarterly) Guide ↗

Teramo Advisors, LLC

· CIK 0001904821
13F Portfolio $388M AUM Filed Feb 6, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 11 New
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SPY SPDR S&P 500 ETF TR Financial Services 275,000.0 $187.5M 48.29% NEW $681.92 +10.1%
2 IVV ISHARES TR 210,500.0 $144.2M 37.13% NEW $684.94 +10.1%
3 SPY PUT SPDR S&P 500 ETF TR Financial Services 150,000.0 $52.6M 13.55% NEW $350.71 +114.1%
4 OPER ETF SER SOLUTIONS 20,000.0 $2.0M 0.52% NEW $100.03 +0.2%
5 GOOGL ALPHABET INC Communication Services 2,220.0 $695K 0.18% NEW $313.00 +13.2%
6 AAPL APPLE INC Technology 967.0 $263K 0.07% NEW $271.86 +22.6%
7 PM PHILIP MORRIS INTL INC Consumer Defensive 1,360.0 $218K 0.06% NEW $160.40 +18.4%
8 SPGI S&P GLOBAL INC Financial Services 414.0 $216K 0.06% NEW $522.59 -12.5%
9 FE FIRSTENERGY CORP Utilities 4,800.0 $215K 0.06% NEW $44.77 +9.7%
10 CRM SALESFORCE INC Technology 786.0 $208K 0.05% NEW $264.91 -34.8%
11 V VISA INC Financial Services 591.0 $207K 0.05% NEW $350.71 +4.1%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 99.2%
Communication Services 0.4%
Technology 0.2%
Utilities 0.1%
Consumer Defensive 0.1%