Ripple Effect Asset Management LP
Portfolio value QoQ: -24.3% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q3 2025: 24.65% Est. buys $146,315,895 · sells $327,570,306
Put-notional exposure: 55.5% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
Performance vs S&P 500
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Sector breakdown
Full portfolio 39 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| HYG | $60,892,500 | 11.90% | 750,000 | Put option | $405,000 | ||
| SPY | $33,309,000 | 6.51% | 50,000 | Put option | $-152,046,000 | Down ×1 | |
| IEF | $28,494,284 | 5.57% | 295,400 | Put option | Up ×1 | ||
| VST | $27,899,008 | 5.45% | 142,400 | $300,464 | |||
| EQT | $27,215,000 | 5.32% | 500,000 | Put option | $-778,600 | Up ×2 | |
| VST | $26,057,360 | 5.09% | 133,000 | Put option | $-6,890,340 | Down ×1 | |
| EQT | $25,309,950 | 4.95% | 465,000 | $-1,808,850 | |||
| TLN | $17,423,565 | 3.41% | 40,960 | $1,431,215 | Down ×2 | ||
| KGS | $16,636,500 | 3.25% | 450,000 | Put option | $7,212,250 | Up ×1 | |
| XIFR | $16,272,000 | 3.18% | 1,600,000 | Put option | $7,252,000 | Up ×1 | |
| KGS | $15,527,400 | 3.04% | 420,000 | $8,673,400 | Up ×1 | ||
| XIFR | $15,255,000 | 2.98% | 1,500,000 | $9,079,375 | Up ×1 | ||
| TLN | $14,888,300 | 2.91% | 35,000 | Put option | $-2,557,900 | Down ×1 | |
| GLD | $14,218,800 | 2.78% | 40,000 | Call option | $4,311,825 | Up ×1 | |
| KGS | $13,346,170 | 2.61% | 361,000 | Call option | Up ×1 | ||
| AM | $11,664,000 | 2.28% | 600,000 | Put option | |||
| AM | $9,914,400 | 1.94% | 510,000 | ||||
| CEG | $9,230,414 | 1.80% | 28,050 | $2,194,246 | Up ×1 | ||
| GLD | $8,886,750 | 1.74% | 25,000 | Put option | $-3,306,450 | Down ×1 | |
| WMB | $8,552,250 | 1.67% | 135,000 | $1,454,720 | Up ×1 | ||
| CEG | $8,226,750 | 1.61% | 25,000 | Put option | $-3,392,610 | Down ×1 | |
| HYG | $8,119,000 | 1.59% | 100,000 | $54,000 | |||
| WMB | $7,918,750 | 1.55% | 125,000 | Put option | $-4,643,250 | Down ×1 | |
| AR | $7,551,000 | 1.48% | 225,000 | Call option | $-1,512,000 | ||
| VRT | $7,113,049 | 1.39% | 47,150 | $-1,272,124 | Down ×1 | ||
| HUT | $6,962,000 | 1.36% | 200,000 | Up ×1 | |||
| HUT | $6,962,000 | 1.36% | 200,000 | Put option | Up ×1 | ||
| GLD | $6,665,063 | 1.30% | 18,750 | $-4,321,010 | Down ×1 | ||
| IE | $6,651,500 | 1.30% | 530,000 | Put option | Up ×1 | ||
| TLN | $6,380,700 | 1.25% | 15,000 | Call option | $565,300 | Down ×1 | |
| IE | $6,275,000 | 1.23% | 500,000 | Up ×1 | |||
| EXE | $5,312,000 | 1.04% | 50,000 | Call option | Up ×1 | ||
| EXE | $5,312,000 | 1.04% | 50,000 | Put option | $-3,458,500 | Down ×1 | |
| EXE | $4,802,048 | 0.94% | 45,200 | $-3,968,452 | Down ×1 | ||
| CORZ | $4,646,460 | 0.91% | 259,000 | Up ×1 | |||
| IE | $3,765,000 | 0.74% | 300,000 | Call option | Up ×1 | ||
| CEG | $3,290,700 | 0.64% | 10,000 | Call option | Up ×1 | ||
| CORZ | $2,691,000 | 0.53% | 150,000 | Put option | Up ×1 | ||
| IBIT | $1,852,500 | 0.36% | 28,500 | Put option | Up ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IEF | $28,494,284 | 295,400 | 5.57% |
| KGS | $13,346,170 | 361,000 | 2.61% |
| AM | $11,664,000 | 600,000 | 2.28% |
| AM | $9,914,400 | 510,000 | 1.94% |
| HUT | $6,962,000 | 200,000 | 1.36% |
| HUT | $6,962,000 | 200,000 | 1.36% |
| IE | $6,651,500 | 530,000 | 1.30% |
| IE | $6,275,000 | 500,000 | 1.23% |
| EXE | $5,312,000 | 50,000 | 1.04% |
| CORZ | $4,646,460 | 259,000 | 0.91% |
| IE | $3,765,000 | 300,000 | 0.74% |
| CEG | $3,290,700 | 10,000 | 0.64% |
| CORZ | $2,691,000 | 150,000 | 0.53% |
| IBIT | $1,852,500 | 28,500 | 0.36% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| XIFR | Bought more | +747K | +$9.1M |
| KGS | Bought more | +220K | +$8.7M |
| XIFR | Bought more | +500K | +$7.3M |
| KGS | Bought more | +175K | +$7.2M |
| VST | Trimmed | -37K | -$6.9M |
| WMB | Trimmed | -75K | -$4.6M |
| GLD | Trimmed | -17K | -$4.3M |
| GLD | Bought more | +8K | +$4.3M |
| EXE | Trimmed | -30K | -$4.0M |
| EXE | Trimmed | -25K | -$3.5M |
1 position hidden — reported move looks larger than the position itself (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| F | June 30, 2025 | 5,000,000 | $50,150,000 | 12.0% |
| LNG | Sept. 30, 2025 | 110,000 | $26,787,200 | 17.0% |
| AMLP | June 30, 2025 | 509,397 | $26,458,080 | |
| GM | June 30, 2025 | 500,000 | $23,515,000 | 63.0% |
| AM | June 30, 2025 | 1,200,000 | $21,600,000 | 8.5% |
| CCJ | Sept. 30, 2025 | 245,000 | $18,186,350 | 4.3% |
| GEV | Sept. 30, 2025 | 31,500 | $16,668,225 | 61.0% |
| ET | June 30, 2025 | 875,000 | $16,266,250 | No longer tracked |
| FCX | Sept. 30, 2025 | 319,400 | $13,845,990 | 85.1% |
| TECK | Sept. 30, 2025 | 281,100 | $11,350,818 | 54.6% |
| NRG | Sept. 30, 2025 | 54,000 | $8,671,320 | -40.2% |
| URA | Sept. 30, 2025 | 150,000 | $5,821,500 | -15.7% |
| FSLR | Sept. 30, 2025 | 23,000 | $3,807,420 | -20.1% |
| NGL | Sept. 30, 2025 | 350,000 | $1,494,500 | 162.5% |