13F filings
Montanova Capital
$4.8B in shares, plus $709.4M option notional (calls and puts, not money invested)
$3.9B to $5.5B. Includes price moves and buying or selling; not the fund's return.
Free on iOS and Android.
Sector mix of the disclosed holdings
by disclosed valueThe grey slice is mostly calls and puts (13.0% of the disclosed value), which get no sector because a put is a position against a company.
Largest holdings
50 largest of 96 positions| Holding | Type | Value | Shares | % of 13F value |
|---|---|---|---|---|
| SPYSPDR S&P 500 ETF Trust | Put | $709.4M | 950,000 | 13.0% |
| MANEVeradermics | Shares | $512.5M | 4,168,970 | 9.4% |
| ARQTArcutis Biotherapeutics | Shares | $326.1M | 12,437,000 | 6.0% |
| LEGNLegend Biotech | Shares | $204.2M | 7,070,000 | 3.7% |
| PVLAPalvella Therapeutics | Shares | $173.5M | 1,135,406 | 3.2% |
| AVBPArriVent BioPharma | Shares | $156.9M | 4,515,531 | 2.9% |
| BNTCBenitec Biopharma | Shares | $154.5M | 11,548,351 | 2.8% |
| BHVNBiohaven | Shares | $153.1M | 10,286,937 | 2.8% |
| AMDAdvanced Micro Devices | Shares | $149.4M | 257,240 | 2.7% |
| RCUSArcus Biosciences | Shares | $147.3M | 4,776,423 | 2.7% |
| TSMTaiwan Semiconductor Manufacturing | Shares | $145.5M | 304,627 | 2.7% |
| NVDANVIDIA | Shares | $144.2M | 720,609 | 2.6% |
| EYPTEyePoint Pharmaceuticals | Shares | $118.6M | 8,296,375 | 2.2% |
| SYYSysco | Shares | $118.0M | 1,411,550 | 2.2% |
| GEGE Aerospace | Shares | $116.0M | 310,262 | 2.1% |
| IMTXImmatics | Shares | $113.4M | 11,190,129 | 2.1% |
| MGMMGM Resorts International | Shares | $111.2M | 2,325,360 | 2.0% |
| METAMeta Platforms | Shares | $99.0M | 175,807 | 1.8% |
| CAPRCapricor Therapeutics | Shares | $98.6M | 4,092,784 | 1.8% |
| KURAKura Oncology | Shares | $94.1M | 8,575,422 | 1.7% |
| GLUEMonte Rosa Therapeutics | Shares | $85.9M | 3,549,539 | 1.6% |
| AVLNAvalyn Pharma | Shares | $82.4M | 2,503,109 | 1.5% |
| HDHome Depot | Shares | $79.7M | 226,053 | 1.5% |
| HUTHut 8 | Shares | $77.3M | 670,000 | 1.4% |
| COFCapital One Financial | Shares | $66.8M | 333,098 | 1.2% |
| VMCVulcan Materials | Shares | $63.4M | 214,978 | 1.2% |
| FERGFerguson | Shares | $58.6M | 246,758 | 1.1% |
| ZURAZura Bio | Shares | $55.7M | 9,443,001 | 1.0% |
| IFRXInflaRx | Shares | $51.4M | 22,933,910 | 0.9% |
| AURAAura Biosciences | Shares | $51.2M | 7,206,217 | 0.9% |
| SNSEFaeth Therapeutics | Shares | $50.5M | 2,020,103 | 0.9% |
| MSOSAdvisorShares Pure US Cannabis ETF | Shares | $49.5M | 9,738,524 | 0.9% |
| AMZNAmazon.com | Shares | $48.8M | 204,860 | 0.9% |
| REPLReplimune Group | Shares | $48.6M | 4,389,836 | 0.9% |
| APHAmphenol | Shares | $47.5M | 269,300 | 0.9% |
| SPOTSpotify Technology | Shares | $46.7M | 101,800 | 0.9% |
| CTNMContineum Therapeutics | Shares | $46.6M | 2,841,334 | 0.9% |
| APOApollo Global Management | Shares | $45.3M | 383,300 | 0.8% |
| BACBank of America | Shares | $45.0M | 789,720 | 0.8% |
| DRAMRoundhill Memory ETF | Shares | $44.5M | 603,000 | 0.8% |
| CRNXCrinetics Pharmaceuticals | Shares | $44.4M | 1,186,279 | 0.8% |
| CBRSCerebras Systems | Shares | $38.0M | 171,900 | 0.7% |
| DKSDICK'S Sporting Goods | Shares | $34.3M | 151,320 | 0.6% |
| AVGOBroadcom | Shares | $31.6M | 83,600 | 0.6% |
| CMPXCompass Therapeutics | Shares | $30.9M | 14,101,159 | 0.6% |
| LXEOLexeo Therapeutics | Shares | $29.7M | 6,384,200 | 0.5% |
| UNHUnitedHealth Group | Shares | $26.7M | 64,130 | 0.5% |
| PROKProKidney | Shares | $25.2M | 12,341,266 | 0.5% |
| WHWKWhitehawk Therapeutics | Shares | $19.7M | 4,300,000 | 0.4% |
| SPCXSpace Exploration Technologies | Shares | $17.3M | 101,200 | 0.3% |
% of 13F value is the position's value against the whole disclosed 13F value, so the rows shown here do not sum to 100% unless every position is listed. Calls and puts are shown as filed: most filers give Value as the notional value of the shares underneath, not money invested, but some give the premium paid, and some count contracts rather than shares.
GetSignal pushes each new 13F to your phone as it is filed, with the positions that changed and the companies behind them. Free on iOS and Android.
What Montanova Capital bought and sold in Q2 2026
15 largest moves| Holding | Move | Share change | Est. amount moved | Value after |
|---|---|---|---|---|
| SPYSPDR S&P 500 ETF Trust | Added put | +171.4% | +$448.1M | $709.4M |
| APLSApellis Pharmaceuticals | Exited | -100% | -$141.5M | $0 |
| KALVKalVista Pharmaceuticals | Exited | -100% | -$96.0M | $0 |
| AVLNAvalyn Pharma | New | new | +$82.4M | $82.4M |
| HUTHut 8 | New | new | +$77.3M | $77.3M |
| ERASErasca | Exited | -100% | -$55.6M | $0 |
| SNSEFaeth Therapeutics | Added | +5747.1% | +$49.6M | $50.5M |
| APHAmphenol | New | new | +$47.5M | $47.5M |
| SPOTSpotify Technology | Added | +9154.5% | +$46.2M | $46.7M |
| DRAMRoundhill Memory ETF | New | new | +$44.5M | $44.5M |
| PFGCPerformance Food Group | Trimmed | -96.2% | -$41.6M | $1.6M |
| USFDUS Foods Holding | Trimmed | -98.3% | -$39.8M | $708K |
| CBRSCerebras Systems | New | new | +$38.0M | $38.0M |
| MLYSMineralys Therapeutics | Trimmed | -88.7% | -$36.8M | $4.7M |
| DKSDICK'S Sporting Goods | New | new | +$34.3M | $34.3M |
A change is this filing measured against the one before it. Est. amount moved is the shares added or sold, priced at the Jun 30, 2026 close. An estimate: a 13F gives no trade prices or dates. For a sold-out position, its value at the previous quarter end. A put gains when the stock falls; a call gains when it rises. Option values are as filed, which for most filers is the notional value of the shares underneath.
Questions
What does Montanova Capital hold?
Montanova Capital disclosed 96 positions worth $5.5B in the Q2 2026 13F filing, $709.4M of it option notional counted at the value of the shares underneath. The largest is a put on SPY at 13.0% of the disclosed value. A 13F lists US-listed stock and options on it; short sales and cash are not in it.
What did Montanova Capital buy and sell last quarter?
Comparing the Q2 2026 filing with the quarter before, the largest moves were adding to a put on SPY, selling out of APLS, selling out of KALV and opening a position in AVLN. Changes are measured against the previous filing, not against trades, because a 13F does not disclose trades.
How current is this?
This is the Q2 2026 filing, covering positions held on Jun 30, 2026 and filed with the SEC on Aug 14, 2026. A 13F is due 45 days after the quarter ends, so the most recent filing is always at least six weeks behind the market, and the manager may have changed the book since.
How to read a 13F
WHAT THE FILING COVERS
Positions are as disclosed to the SEC on Form 13F and are not investment advice. How this data is sourced, and what it cannot tell you, is on the methodology page. How the filing itself works is explained in our guide to Form 13F.
Checked for newer filings on Oct 26, 2026.