Union Square Park Capital Management, LLC

CIK 1666231 · View on SEC EDGAR ↗

Portfolio value QoQ: +57.9% 13F does not disclose cash

Top 10 holdings weight60.26%

Top 25 holdings weight84.78%

Positions above 1%24

Effective number of positions13.0

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

Turnover Q2 2026: 29.18% Est. buys $146,820,382 · sells $66,243,873

Median holding: 2.0 quarters Tracked Q1 2025–Q2 2026 · 43.8% still held

New positions25

Increased13

Decreased5

Closed21

Put-notional exposure: 30.0% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

Portfolio value $278.0M #5,540 of 9,339 by 13F value · top 59.3%

Positions 60

As of June 30, 2026 Data as of Q2 2026

Performance vs S&P 500

Tracked Q1 2025–Q2 2026 +66.5%

S&P 500 total return (same window) +37.0%

Excess return +29.5%

Annualized: +50.4% · S&P 500: +28.7%

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.

Priceable coverage: 97.7% · Options excluded: 43.8%

Sector breakdown

Technology 18.9%

Retail 15.1%

Real Estate 5.9%

Health Care 5.7%

Consumer Discretionary 5.1%

Industrials 5.0%

Communication Services 3.7%

Financials 3.1%

Consumer products 2.6%

Utilities 2.2%

Energy 0.2%

Other/Unmapped 32.5%

Full portfolio 60 positions

				Type		Streak
SPY SPY	$65,342,375	23.51%	87,500	Put option	$42,580,475	Up ×1
IWM iShares Trust	$18,027,000	6.49%	60,000	Put option	$6,867,000	Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock	$15,975,025	5.75%	27,500	Call option		Up ×1
ASML ASML Holding N.V. - New York Registry Shares	$12,931,360	4.65%	6,500	Call option		Up ×1
RH RH Common Stock	$11,531,100	4.15%	70,000		$2,442,800	Up ×3
PTON Peloton Interactive, Inc. - Common Stock	$9,751,500	3.51%	1,650,000		$3,316,500	Up ×3
ESTA Establishment Labs Holdings Inc. - Common Shares	$9,010,050	3.24%	105,000		$3,048,150
LRCX Lam Research Corporation - Common Stock	$8,666,600	3.12%	20,000	Call option		Up ×1
RDNW RideNow Group, Inc. - Class B Common Stock	$8,253,585	2.97%	1,239,277		$-1,862,131	Down ×3
COMP Compass, Inc. Class A Common Stock	$8,014,500	2.88%	650,000		$3,811,250	Up ×1
AVGO Broadcom Inc. - Common Stock	$7,555,000	2.72%	20,000	Call option		Up ×1
MNRO Monro, Inc. - Common Stock	$7,271,750	2.62%	425,000		$5,667,750	Up ×1
TDOC Teladoc Health, Inc. Common Stock	$6,784,000	2.44%	800,000
MHK Mohawk Industries, Inc. Common Stock	$6,066,500	2.18%	50,000	Call option		Up ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock	$5,014,000	1.80%	50,000	Call option
GRPN Groupon, Inc. - Common Stock	$4,932,300	1.77%	205,000			Up ×1
ABNB Airbnb, Inc. - Class A Common Stock	$4,293,000	1.54%	30,000		$504,600
SPWH Sportsman's Warehouse Holdings, Inc. - Common Stock	$4,038,804	1.45%	3,036,695		$371,673	Up ×4
GNRC Generac Holdlings Inc. Common Stock	$3,952,935	1.42%	13,500		$2,976,285	Up ×1
AIV Apartment Investment and Management Company Common Stock	$3,341,250	1.20%	1,125,000		$-1,237,500
SVC Service Properties Trust - Shares of Beneficial Interest	$3,211,000	1.16%	1,900,000			Up ×1
LION Lionsgate Studios Corp Common Shares	$3,062,000	1.10%	200,000		$1,144,000
CTRI Centuri Holdings, Inc. Common Stock	$3,024,000	1.09%	100,000		$103,000
AVGO Broadcom Inc. - Common Stock	$2,833,125	1.02%	7,500		$511,800
Unknown issuer (CUSIP: 43849R105)	$2,763,500	0.99%	12,500			Up ×1
DDOG Datadog, Inc. - Class A Common Stock	$2,603,600	0.94%	10,000		$832,850	Down ×1
ANET Arista Networks, Inc. Common Stock	$2,548,200	0.92%	15,000		$706,500
HOOD Robinhood Markets, Inc. - Class A Common Stock	$2,507,000	0.90%	25,000			Up ×1
ITA iShares U.S. Aerospace & Defense ETF	$2,424,200	0.87%	10,000		$236,700
ASML ASML Holding N.V. - New York Registry Shares	$1,989,440	0.72%	1,000			Up ×1
TLN Talen Energy Corporation - Common Stock	$1,921,300	0.69%	5,000		$325,150
ILPT Industrial Logistics Properties Trust - Common Shares of Beneficial Interest	$1,774,000	0.64%	200,000		$-2,558,920	Down ×4
VST Vistra Corp. Common Stock	$1,586,300	0.57%	10,000		$83,000
NRG NRG Energy, Inc. Common Stock	$1,460,600	0.53%	10,000		$-800
DRS Leonardo DRS, Inc. - Common Stock	$1,280,100	0.46%	30,000		$-55,500
CEG Constellation Energy Corporation - Common Stock When-Issued	$1,241,850	0.45%	5,000		$-154,400
LPTH LightPath Technologies, Inc. - Class A Common Stock	$1,226,250	0.44%	75,000		$724,750	Up ×1
MHK Mohawk Industries, Inc. Common Stock	$1,213,300	0.44%	10,000		$228,700
AMZN Amazon.com, Inc. - Common Stock	$1,191,700	0.43%	5,000		$-891,000	Down ×1
CHWY Chewy, Inc. Class A Common Stock	$1,179,000	0.42%	60,000			Up ×1
OPRT Oportun Financial Corporation - common stock	$1,142,000	0.41%	200,000		$681,000	Up ×1
TRIP TripAdvisor, Inc. - Common Stock	$1,096,800	0.39%	80,000			Up ×1
RAAQ Real Asset Acquisition Corp. - Class A Ordinary Share	$1,080,000	0.39%	100,000			Up ×1
MOG-A (filed as MOGA) Moog Inc. Class A	$1,059,600	0.38%	2,500		$620,640	Up ×1
ARHS Arhaus, Inc. - Class A Common Stock	$1,052,500	0.38%	125,000			Up ×1
CREX Creative Realities, Inc. - Common Stock	$1,046,389	0.38%	253,363			Up ×1
LASR nLIGHT, Inc. - Common Stock	$1,044,300	0.38%	15,000		$474,100	Up ×1
INSG Inseego Corp. - Common Stock	$1,033,000	0.37%	100,000			Up ×1
LHX L3Harris Technologies, Inc. Common Stock	$1,017,065	0.37%	3,500		$-190,960
GAP Gap, Inc. (The) Common Stock	$934,000	0.34%	50,000			Up ×1
GRPN Groupon, Inc. - Common Stock	$902,250	0.32%	37,500	Call option		Up ×1
AVAV AeroVironment, Inc. - Common Stock	$825,350	0.30%	5,000		$367,725	Up ×1
ONDS Ondas Inc - Common Stock	$824,000	0.30%	100,000		$-80,000
WOOF Petco Health and Wellness Company, Inc. - Class A Common Stock	$748,000	0.27%	275,000
RAAQW Real Asset Acquisition Corp. - Warrants	$616,305	0.22%	170,250			Up ×1
SSTK Shutterstock, Inc. Common Stock	$558,000	0.20%	40,000
SOC Sable Offshore Corp. Common Stock	$539,000	0.19%	175,000
KTOS Kratos Defense & Security Solutions, Inc. - Common Stock	$498,600	0.18%	10,000			Up ×1
FTHM Fathom Holdings Inc. - Common Stock	$99,438	0.04%	98,453		$-92,924	Down ×3
FLD Fold Holdings, Inc. - Class A Common Stock	$40,403	0.01%	89,130		$-77,249
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
RH	$11,531,100	4.15%	up ×3
PTON	$9,751,500	3.51%	up ×3
SPWH	$4,038,804	1.45%	up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
AMD	$15,975,025	27,500	5.75%
ASML	$12,931,360	6,500	4.65%
LRCX	$8,666,600	20,000	3.12%
AVGO	$7,555,000	20,000	2.72%
TDOC	$6,784,000	800,000	2.44%
MHK	$6,066,500	50,000	2.18%
HOOD	$5,014,000	50,000	1.80%
GRPN	$4,932,300	205,000	1.77%
SVC	$3,211,000	1,900,000	1.16%
Unknown issuer (CUSIP: 43849R105)	$2,763,500	12,500	0.99%
HOOD	$2,507,000	25,000	0.90%
ASML	$1,989,440	1,000	0.72%
CHWY	$1,179,000	60,000	0.42%
TRIP	$1,096,800	80,000	0.39%
RAAQ	$1,080,000	100,000	0.39%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
SPY	Bought more	+52K	+$42.6M
IWM	Bought more	+15K	+$6.9M
MNRO	Bought more	+325K	+$5.7M
COMP	Bought more	+75K	+$3.8M
PTON	Bought more	+150K	+$3.3M
ESTA	Price move only	+0	+$3.0M
GNRC	Bought more	+8K	+$3.0M
ILPT	Trimmed	-563K	-$2.6M
RH	Bought more	+5K	+$2.4M
RDNW	Trimmed	-194K	-$1.9M

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
HYG	June 30, 2026	200,000	$15,912,000
QQQ	June 30, 2026	20,000	$11,543,600	1.1%
PYPL	March 31, 2026	127,500	$7,443,450	26.1%
TDOC	March 31, 2026	1,000,000	$7,000,000	16.3%
NBIS	Sept. 30, 2025	125,000	$6,916,250	41.4%
FWRD	Dec. 31, 2025	240,000	$6,153,600	-38.8%
PLTR	Sept. 30, 2025	40,000	$5,452,800	7.9%
SLNO	Sept. 30, 2025	65,000	$5,445,700	No longer tracked
UNH	Dec. 31, 2025	15,000	$5,179,500	26.7%
MHK	Dec. 31, 2025	40,000	$5,156,800	14.1%
HOOD	Sept. 30, 2025	55,000	$5,149,650	-33.6%
FND	June 30, 2025	50,000	$4,023,500	-37.0%
LYFT	June 30, 2026	300,000	$3,990,000	15.9%
DBI	March 31, 2026	500,000	$3,715,000	11.8%
ORCL	Dec. 31, 2025	12,500	$3,515,500	-35.3%
CORZW	Dec. 31, 2025	275,000	$3,198,250
NBIS	June 30, 2026	30,000	$3,112,800	-42.5%
VSCO	June 30, 2025	165,000	$3,065,700	No longer tracked
FWRD (filed as FWRDXXXX)	June 30, 2025	140,000	$2,812,600	-37.7%
VRT	Sept. 30, 2025	20,000	$2,568,200	28.8%
QCOM	March 31, 2026	15,000	$2,565,750	36.6%
VYX	Dec. 31, 2025	200,000	$2,510,000	-17.7%
VRT	June 30, 2026	10,000	$2,505,800	-42.0%
HGV	March 31, 2026	55,000	$2,461,250	-8.3%
GOOG	Dec. 31, 2025	10,000	$2,435,500	1.1%
SOC	Dec. 31, 2025	136,500	$2,383,290	-63.9%
KMX	Dec. 31, 2025	50,000	$2,243,500	33.4%
CZR	June 30, 2026	80,000	$2,114,400	-4.6%
SSTK	March 31, 2026	110,000	$2,101,000	-72.4%
SRPT	Dec. 31, 2025	105,000	$2,023,350	-17.6%
NVRI	June 30, 2026	100,000	$1,962,000	No longer tracked
MOH	Dec. 31, 2025	10,000	$1,913,600	20.5%
OXY	Sept. 30, 2025	45,000	$1,890,450	35.8%
DELL	March 31, 2026	15,000	$1,888,200	178.1%
META	Sept. 30, 2025	2,500	$1,845,225	-12.5%
CORZ	Dec. 31, 2025	100,000	$1,794,000	-10.0%
FCX	June 30, 2026	30,000	$1,763,400	3.6%
MU	June 30, 2026	5,000	$1,689,200	-24.0%
META	March 31, 2026	2,500	$1,650,225	12.3%
BILL	March 31, 2026	30,000	$1,636,200	32.4%
KSS	June 30, 2025	200,000	$1,636,000	189.9%
GOOG	June 30, 2025	10,000	$1,562,300	78.9%
CORZ	June 30, 2026	100,000	$1,496,000	-48.8%
AMRZ	Sept. 30, 2025	30,000	$1,486,500	-18.7%
HOUS	Sept. 30, 2025	400,000	$1,448,000	No longer tracked
DOCU	Dec. 31, 2025	20,000	$1,441,800	24.7%
GOOG	June 30, 2026	5,000	$1,434,300	-10.2%
CHKP	March 31, 2026	7,500	$1,391,700	11.3%
CRM	June 30, 2025	5,000	$1,341,800	-8.8%
NTAP	March 31, 2026	12,500	$1,338,625	110.5%
JBLU	June 30, 2026	300,000	$1,326,000	-54.2%
CARR	March 31, 2026	25,000	$1,321,000	-0.1%
AAPL	June 30, 2026	5,000	$1,268,950	20.2%
NN	June 30, 2025	100,000	$1,217,000	-33.7%
UAL	June 30, 2026	12,500	$1,150,875	-28.0%
SKY	June 30, 2026	15,000	$1,115,550	-10.4%
AAPL	June 30, 2025	5,000	$1,110,650	69.5%
AAL	June 30, 2026	100,000	$1,074,000	-33.0%
GTEN	March 31, 2026	100,000	$1,025,000	1.8%
CCIR	Sept. 30, 2025	91,213	$1,000,607	No longer tracked
MSFT	March 31, 2026	2,000	$967,240	41.7%
ADBE	Sept. 30, 2025	2,500	$967,200	-25.2%
BTBT	Dec. 31, 2025	300,000	$900,000	-55.3%
LEN	June 30, 2026	10,000	$868,400	-6.2%
JHX	June 30, 2026	45,000	$852,300	-0.1%
BLDR	June 30, 2026	10,000	$823,300	-36.5%
CCJ	June 30, 2025	20,000	$823,200	5.9%
QNCX	March 31, 2026	224,746	$752,899	No longer tracked
NKTR	June 30, 2025	1,100,000	$748,000	44.0%
WOOF	Dec. 31, 2025	175,000	$677,250	-12.8%
GRBK	June 30, 2026	10,000	$644,500	-19.5%
WBD	Dec. 31, 2025	30,000	$585,900	No longer tracked
CTLP	March 31, 2026	53,735	$570,666	No longer tracked
HOV	June 30, 2026	5,000	$554,550	-28.9%
HIMS	Sept. 30, 2025	10,000	$498,500	-51.1%
GDEN	March 31, 2026	16,190	$440,206	No longer tracked
YEXT	Dec. 31, 2025	50,000	$426,000	-8.8%