TORNO CAPITAL, LLC

CIK 1974312 · View on SEC EDGAR ↗

Portfolio value QoQ: +357.4% 13F does not disclose cash

Top 10 holdings weight83.84%

Top 25 holdings weight98.10%

Positions above 1%15

Effective number of positions11.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 39.88% Est. buys $3,333,174,827 · sells $843,100,310

Median holding: 1.0 quarters Tracked Q1 2025–Q2 2026 · 25.0% still held

New positions60

Increased7

Decreased6

Closed23

Put-notional exposure: 53.3% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

Portfolio value $3.5B #1,126 of 9,337 by 13F value · top 12.1%

Positions 74

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Technology 53.4%

Communication Services 17.1%

Retail 13.7%

Industrials 4.8%

Financials 1.7%

Healthcare 0.7%

Real Estate 0.2%

Consumer Discretionary 0.1%

Utilities 0.0%

Materials 0.0%

Other/Unmapped 8.2%

Full portfolio 74 positions

				Type		Streak
NVDA NVIDIA Corporation - Common Stock	$553,649,030	15.96%	2,767,000	Put option		Up ×1
NVDA NVIDIA Corporation - Common Stock	$485,218,250	13.99%	2,425,000			Up ×1
MSFT Microsoft Corporation - Common Stock	$324,527,400	9.35%	870,000	Put option		Up ×1
MSFT Microsoft Corporation - Common Stock	$324,527,400	9.35%	870,000			Up ×1
GOOG Alphabet Inc. - Class C Capital Stock	$293,263,900	8.45%	830,000		$221,548,900	Up ×1
GOOG Alphabet Inc. - Class C Capital Stock	$264,997,500	7.64%	750,000	Put option
AMZN Amazon.com, Inc. - Common Stock	$238,340,000	6.87%	1,000,000	Put option		Up ×1
AMZN Amazon.com, Inc. - Common Stock	$238,340,000	6.87%	1,000,000			Up ×1
EWY iShares MSCI South Korea ETF	$110,176,830	3.18%	545,700	Put option
MMM 3M Company Common Stock	$75,611,970	2.18%	467,000	Call option		Up ×1
MMM 3M Company Common Stock	$73,021,410	2.10%	451,000	Put option		Up ×1
QQQ Invesco QQQ Trust, Series 1	$63,330,400	1.83%	86,000	Put option	$54,441,828	Up ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock	$48,134,400	1.39%	480,000	Call option		Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$47,757,000	1.38%	100,000	Put option		Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$47,757,000	1.38%	100,000			Up ×1
NVDL GraniteShares 2x Long NVDA Daily ETF	$33,738,958	0.97%	1,131,800	Put option	$30,255,598	Up ×1
SOXX iShares Trust	$30,500,176	0.88%	47,600	Put option	$30,237,248	Up ×1
AAPL Apple Inc. - Common Stock	$28,936,000	0.83%	100,000	Put option		Up ×1
AAPL Apple Inc. - Common Stock	$28,936,000	0.83%	100,000			Up ×1
GD General Dynamics Corporation Common Stock	$19,199,808	0.55%	54,200	Call option		Up ×1
TQQQ ProShares UltraPro QQQ	$18,135,900	0.52%	223,900	Put option	$1,843,188	Down ×1
META Meta Platforms, Inc. - Class A Common Stock	$16,898,700	0.49%	30,000	Put option
META Meta Platforms, Inc. - Class A Common Stock	$16,898,700	0.49%	30,000			Up ×1
CVS CVS Health Corporation Common Stock	$12,414,000	0.36%	120,000	Call option		Up ×1
SOXL Direxion Daily Semiconductor Bull 3X ETF	$9,201,495	0.27%	34,500	Put option	$-35,292,522	Down ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock	$6,026,828	0.17%	60,100	Put option		Up ×1
MU Micron Technology, Inc. - Common Stock	$5,771,450	0.17%	5,000	Put option		Up ×1
OPEN Opendoor Technologies Inc - Common Stock	$5,659,500	0.16%	1,225,000	Call option	$4,278,900	Up ×1
TYG Tortoise Energy Infrastructure Corporation Common Stock	$5,573,100	0.16%	130,000			Up ×1
CVS CVS Health Corporation Common Stock	$4,655,250	0.13%	45,000	Put option		Up ×1
ROBN ETF Opportunities Trust	$3,679,520	0.11%	122,000	Put option		Up ×1
ALAB Astera Labs, Inc. - Common Stock	$3,622,650	0.10%	7,500	Put option		Up ×1
TSLA Tesla, Inc. - Common Stock	$3,490,980	0.10%	8,300	Put option		Up ×1
IBKR Interactive Brokers Group, Inc. - Class A Common Stock	$3,481,600	0.10%	40,000	Call option		Up ×1
XOMA XOMA Royalty Corporation - Common Stock	$3,400,000	0.10%	80,000			Up ×1
BOXX EA Series Trust	$2,679,019	0.08%	22,880
KWEB Krane Shares Trust	$2,447,000	0.07%	100,000	Call option	$-14,611,000	Down ×2
CVS CVS Health Corporation Common Stock	$2,069,000	0.06%	20,000			Up ×1
KORU Direxion Shares ETF Trust	$1,929,935	0.06%	49,400	Put option		Up ×1
TSLL Direxion Daily TSLA Bull 2X Shares	$1,922,928	0.06%	135,800	Put option		Up ×1
XOMA XOMA Royalty Corporation - Common Stock	$1,742,500	0.05%	41,000	Put option		Up ×1
RF Regions Financial Corporation Common Stock	$1,138,540	0.03%	37,700	Call option	$354,940	Up ×1
TECL Direxion Daily Technology Bull 3X ETF	$1,015,344	0.03%	4,400	Put option	$-1,685,016	Down ×1
NEE NextEra Energy, Inc. Common Stock	$983,024	0.03%	11,200	Call option
XOMA XOMA Royalty Corporation - Common Stock	$794,750	0.02%	18,700	Call option		Up ×1
ALAB Astera Labs, Inc. - Common Stock	$724,530	0.02%	1,500	Call option	$-261,870	Down ×1
OPTU Optimum Communications, Inc. Class A common stock	$704,845	0.02%	486,100	Put option		Up ×1
Unknown issuer (CUSIP: 09940T118)	$414,740	0.01%	15,259			Up ×1
EMPD Empery Digital Inc. - Common stock	$412,960	0.01%	116,000		$-686,840	Down ×2
PLRX Pliant Therapeutics, Inc. - Common Stock	$400,647	0.01%	351,445		$-40,353	Up ×3
MUU Direxion Daily MU Bull 2X Shares	$346,081	0.01%	6,600	Put option		Up ×1
CVV CVD Equipment Corporation - Common Stock	$222,900	0.01%	30,000			Up ×1
MIAX Miami International Holdings, Inc. Common Stock	$185,800	0.01%	5,000	Call option		Up ×1
MIAX Miami International Holdings, Inc. Common Stock	$100,332	0.00%	2,700	Put option		Up ×1
CONL GraniteShares 2x Long COIN Daily ETF	$72,590	0.00%	17,000	Put option
TE T1 Energy Inc. Common Stock	$61,620	0.00%	6,500	Call option		Up ×1
RGTIW Rigetti Computing, Inc. - Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50	$42,509	0.00%	4,747			Up ×1
OPTU Optimum Communications, Inc. Class A common stock	$35,653	0.00%	24,588			Up ×1
MOBBW Mobilicom Limited - Warrants	$32,164	0.00%	16,082			Up ×1
Unknown issuer (CUSIP: 53229X101)	$12,010	0.00%	500			Up ×1
DRTSW Alpha Tau Medical Ltd. - Warrant	$11,210	0.00%	3,800			Up ×1
NNE Nano Nuclear Energy Inc. - common stock	$8,456	0.00%	400	Put option		Up ×1
RGTI Rigetti Computing, Inc. - Common stock	$4,115	0.00%	213			Up ×1
BBCQ Bleichroeder Acquisition Corp. II - Class A Ordinary Shares	$3,096	0.00%	300			Up ×1
SPCE Virgin Galactic Holdings, Inc. Common Stock	$2,023	0.00%	700	Put option		Up ×1
Unknown issuer (CUSIP: 68622D205)	$1,782	0.00%	1,800			Up ×1
SXTPW 60 Degrees Pharmaceuticals, Inc. - Warrant	$1,425	0.00%	47,169		$-938
Unknown issuer (CUSIP: 19247L122)	$762	0.00%	51,176			Up ×1
Unknown issuer (CUSIP: G04126119)	$450	0.00%	4,500			Up ×1
MGN Megan Holdings Limited - Class A Ordinary Shares	$76	0.00%	500			Up ×1
PCT PureCycle Technologies, Inc. - Common stock	$8	0.00%	1			Up ×1
CELUW Celularity Inc. - Warrant	$0	0.00%	1			Up ×1
EVGOW EVgo Inc. - Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50	$0	0.00%	1			Up ×1
EVLVW Evolv Technologies Holdings, Inc. - Warrant	$0	0.00%	1			Up ×1
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
PLRX	$400,647	0.01%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
NVDA	$553,649,030	2,767,000	15.96%
NVDA	$485,218,250	2,425,000	13.99%
MSFT	$324,527,400	870,000	9.35%
MSFT	$324,527,400	870,000	9.35%
GOOG	$264,997,500	750,000	7.64%
AMZN	$238,340,000	1,000,000	6.87%
AMZN	$238,340,000	1,000,000	6.87%
EWY	$110,176,830	545,700	3.18%
MMM	$75,611,970	467,000	2.18%
MMM	$73,021,410	451,000	2.10%
HOOD	$48,134,400	480,000	1.39%
TSM	$47,757,000	100,000	1.38%
TSM	$47,757,000	100,000	1.38%
AAPL	$28,936,000	100,000	0.83%
AAPL	$28,936,000	100,000	0.83%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
GOOG	Bought more	+580K	+$221.5M
SOXL	Trimmed	-894K	-$35.3M
OPEN	Bought more	+930K	+$4.3M
TQQQ	Trimmed	-167K	+$1.8M
TECL	Trimmed	-27K	-$1.7M
EMPD	Trimmed	-144K	-$687K
RF	Bought more	+8K	+$355K
ALAB	Trimmed	-8K	-$262K
PLRX	Bought more	+1K	-$40K
SXTPW	Price move only	+0	-$938

4 positions 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
UNH	Dec. 31, 2025	899,200	$310,493,760	14.7%
GOOGL	June 30, 2026	1,050,000	$301,938,000	-3.1%
GOOG	Dec. 31, 2025	803,900	$195,789,845	9.6%
SMH	June 30, 2026	346,300	$132,771,420	-3.4%
DLTR	June 30, 2025	1,275,000	$95,714,250	14.3%
PEP	Sept. 30, 2025	717,000	$94,672,680	-10.5%
EWY	March 31, 2026	970,000	$94,303,400
ELV	Sept. 30, 2025	181,900	$70,751,824	22.1%
URNM	March 31, 2026	1,254,600	$68,864,994	-24.1%
SGDJ	March 31, 2026	807,000	$67,892,910
CAT	Dec. 31, 2025	137,200	$65,464,980	48.1%
TSLA	Dec. 31, 2025	147,000	$65,373,840	-15.8%
EZA	March 31, 2026	824,500	$56,725,600	-6.8%
BMI	Dec. 31, 2025	264,500	$47,234,410	-28.4%
SNA	June 30, 2026	100,000	$36,322,000	-8.7%
BLK	March 31, 2026	33,350	$35,695,839	10.9%
FXI	March 31, 2026	900,000	$34,461,000	-5.7%
WIX	June 30, 2026	375,000	$33,776,250	63.2%
XLE	Sept. 30, 2025	390,000	$33,075,900	42.0%
WDC	Dec. 31, 2025	248,800	$29,870,928	156.4%
ORCL	June 30, 2026	200,000	$29,422,000	-2.8%
META	June 30, 2025	40,700	$23,457,852	0.5%
BTF	Dec. 31, 2025	1,250,000	$21,710,500
DELL	March 31, 2026	150,000	$18,882,000	236.5%
SILJ	March 31, 2026	670,500	$18,552,735
SNOW	Sept. 30, 2025	75,000	$16,782,750	50.3%
AIV	Dec. 31, 2025	2,000,000	$15,860,000	-68.4%
SPY	Sept. 30, 2025	23,000	$14,210,550	No longer tracked
SPOT	Sept. 30, 2025	18,300	$14,042,322	-30.8%
EWG	Dec. 31, 2025	335,000	$13,939,350
LITE	March 31, 2026	36,400	$13,416,676	55.3%
RH	June 30, 2025	51,800	$12,142,438	-37.9%
CVNA	June 30, 2025	50,000	$10,454,000	-81.1%
MSTR	Dec. 31, 2025	30,000	$9,666,300	8.2%
CRDO	Dec. 31, 2025	62,500	$9,100,625	47.7%
SNDK	Dec. 31, 2025	80,000	$8,976,000	617.9%
VNQ	Dec. 31, 2025	82,000	$7,496,440
IBIT	March 31, 2026	138,000	$6,851,700
CMG	June 30, 2025	135,000	$6,778,350	-45.1%
IREN	March 31, 2026	174,500	$6,590,865	18.1%
SIL	March 31, 2026	75,000	$6,264,000	-4.4%
SMTC	June 30, 2025	163,500	$5,624,400	327.2%
STNG	March 31, 2026	110,000	$5,591,300	15.7%
VTR	March 31, 2026	70,000	$5,416,600	-0.5%
WULF	March 31, 2026	455,000	$5,227,950	2.5%
SOXX	Sept. 30, 2025	20,000	$4,774,000	117.4%
MJ	March 31, 2026	158,600	$4,724,694	5.5%
GDXJ	March 31, 2026	41,000	$4,664,980	-6.0%
KMI	June 30, 2025	162,500	$4,636,125	6.8%
JPM	Sept. 30, 2025	15,600	$4,522,596	5.4%
HWM	June 30, 2026	17,700	$4,079,142	-14.6%
CMC	June 30, 2026	64,500	$3,962,235	4.4%
ETHA	Dec. 31, 2025	125,000	$3,938,750
DXCM	June 30, 2025	55,000	$3,755,950	-0.4%
TNA	June 30, 2025	124,000	$3,628,240	82.1%
CCL	June 30, 2026	136,100	$3,522,268	-10.5%
URA	June 30, 2026	70,400	$3,409,472	-8.0%
PSKY	March 31, 2026	240,000	$3,216,000	8.4%
WBA	Sept. 30, 2025	280,000	$3,214,400	No longer tracked
VZ	June 30, 2026	60,700	$3,047,140	8.3%
TSN	June 30, 2025	46,700	$2,979,927	-7.6%
WGO	Sept. 30, 2025	99,400	$2,882,600	-25.2%
TJX	June 30, 2025	23,300	$2,837,940	8.8%
BAC	June 30, 2026	55,700	$2,715,375	-5.2%
CVX	June 30, 2026	12,600	$2,606,940	24.6%
AEM	March 31, 2026	15,000	$2,542,950	-9.7%
SLVR	March 31, 2026	45,000	$2,511,000
TOL	June 30, 2025	21,500	$2,270,185	18.6%
CSCO	June 30, 2026	29,200	$2,265,628	-4.0%
JNJ	Dec. 31, 2025	12,200	$2,262,124	22.2%
CCL	Sept. 30, 2025	80,000	$2,249,600	-11.6%
JCI	June 30, 2026	17,000	$2,226,150	7.4%
UPS	June 30, 2025	20,000	$2,199,800	-7.7%
CVX	June 30, 2025	12,700	$2,124,583	44.2%
ISRG	Dec. 31, 2025	4,600	$2,057,258	-28.2%
MS	Sept. 30, 2025	13,300	$1,873,438	19.6%
ABBV	Dec. 31, 2025	7,800	$1,806,012	16.3%
ABBV	June 30, 2026	8,000	$1,739,920	5.6%
BBIO	March 31, 2026	22,400	$1,713,376	-10.9%
NBR	June 30, 2025	40,000	$1,668,400	196.8%
PM	Sept. 30, 2025	9,100	$1,657,383	16.8%
VZ	June 30, 2025	35,600	$1,614,816	6.0%
QCOM	June 30, 2025	10,400	$1,597,544	13.5%
NVDA	Sept. 30, 2025	10,000	$1,579,900	28.0%
MET	Dec. 31, 2025	19,000	$1,565,030	22.7%
VLO	Dec. 31, 2025	8,900	$1,515,314	157.6%
AEP	March 31, 2026	13,100	$1,510,561	-8.7%
SBET	March 31, 2026	165,600	$1,480,464	48.7%
DBMF	March 31, 2026	50,000	$1,403,000
DUK	Dec. 31, 2025	11,300	$1,398,375	-2.9%
MET	June 30, 2026	19,600	$1,386,112	14.5%
IBM	Dec. 31, 2025	4,900	$1,382,584	-25.2%
PM	March 31, 2026	8,600	$1,379,440	14.6%
THS	March 31, 2026	55,000	$1,297,450	No longer tracked
SLV	March 31, 2026	20,000	$1,288,400	-19.1%
PSIL	March 31, 2026	74,500	$1,279,165	37.3%
URNJ	March 31, 2026	50,000	$1,260,000
COP	June 30, 2025	11,200	$1,176,224	43.1%
PG	Sept. 30, 2025	6,900	$1,099,308	-5.0%
APD	June 30, 2025	3,500	$1,032,220	-0.9%
LYB	Dec. 31, 2025	20,000	$980,800	36.8%
CME	Sept. 30, 2025	3,500	$964,670	-0.1%
NEE	March 31, 2026	12,000	$963,360	-17.9%
MDT	Sept. 30, 2025	10,900	$950,153	-7.6%
AMGN	June 30, 2025	3,000	$934,650	44.3%
HUT	Dec. 31, 2025	26,600	$925,946	94.3%
HD	Sept. 30, 2025	2,500	$916,600	-30.6%
SBUX	Sept. 30, 2025	9,700	$888,811	11.6%
OMC	March 31, 2026	11,000	$888,250	-0.1%
PCAR	Dec. 31, 2025	8,900	$875,048	-0.1%
ACLX	June 30, 2026	7,285	$836,464	No longer tracked
NEE	Sept. 30, 2025	11,600	$805,272	1.0%
CNTA	June 30, 2026	20,000	$794,400	No longer tracked
FOLD	Dec. 31, 2025	100,000	$788,000	No longer tracked
TXN	June 30, 2026	4,000	$776,560	-1.1%
ARKK	March 31, 2026	10,000	$769,200
RIOT	Dec. 31, 2025	40,000	$761,200	52.5%
OMC	Sept. 30, 2025	10,500	$755,370	-7.7%
LMT	Dec. 31, 2025	1,500	$748,815	4.7%
CRSP	Sept. 30, 2025	15,000	$729,600	-11.5%
OILK	Dec. 31, 2025	18,000	$721,800	53.1%
HOOD	Dec. 31, 2025	5,000	$715,900	0.9%
CNC	Dec. 31, 2025	20,000	$713,600	56.3%
LITE	June 30, 2025	10,800	$673,272	1048.4%
CAG	June 30, 2025	25,000	$666,750	-35.6%
BOXX	Dec. 31, 2025	5,680	$646,725
SEI	March 31, 2026	14,000	$643,580	32.3%
COPX	March 31, 2026	7,700	$552,783
YINN	June 30, 2026	16,600	$544,646
AGIO	Dec. 31, 2025	12,500	$501,750	14.8%
MIR	Dec. 31, 2025	21,410	$497,997	-36.3%
ZETA	Dec. 31, 2025	25,000	$496,750	61.6%
SERV	Dec. 31, 2025	34,800	$404,724	-53.0%
FLNC	March 31, 2026	20,000	$395,600	-44.4%
KZR	June 30, 2026	48,479	$359,714	No longer tracked
KINS	Dec. 31, 2025	24,000	$352,800	10.2%
VIR	Sept. 30, 2025	70,000	$352,800	106.3%
MURA	Dec. 31, 2025	170,000	$351,900	No longer tracked
CONL	June 30, 2025	25,328	$351,046
RZLV	March 31, 2026	127,300	$327,161	-12.9%
EWJ	March 31, 2026	4,000	$322,960	17.6%
ALTS	Dec. 31, 2025	117,700	$316,613	No longer tracked
TRUP	Sept. 30, 2025	4,400	$243,540	-43.2%
GLPG	Sept. 30, 2025	7,500	$209,925	No longer tracked
CRDO	June 30, 2025	5,000	$200,800	129.5%
SERV	June 30, 2025	33,400	$192,050	-57.3%
ASHR	March 31, 2026	5,300	$174,105
SCPH	Dec. 31, 2025	30,000	$170,100	No longer tracked
BCD	March 31, 2026	5,200	$160,992
GBIO	March 31, 2026	25,000	$142,000	No longer tracked
NXPI	Sept. 30, 2025	600	$131,094	6.3%
SOC	June 30, 2025	4,000	$101,480	-84.2%
EFA	March 31, 2026	800	$76,824
BITS	March 31, 2026	1,000	$62,715
DCH	June 30, 2025	15,000	$61,050	38.5%
FITB	June 30, 2025	1,400	$54,880	23.5%
XOM	June 30, 2025	400	$47,572	52.1%
BGSF	Dec. 31, 2025	5,000	$35,500	3.2%
BITS	June 30, 2025	500	$25,305
LVTX	Dec. 31, 2025	15,000	$23,400	No longer tracked
OPENL	June 30, 2026	75,000	$18,450	-71.7%
NAKAW	June 30, 2025	27,273	$9,548	No longer tracked
UBRL	June 30, 2026	400	$6,284
OPENW	March 31, 2026	5,000	$4,500	-80.2%
MAXI	March 31, 2026	100	$1,430