CIK: 0002067608
Total reported value
$201.3M
Reporting period: 2026-03-31 · Number of holdings: 39
DBA TRADING, LLC disclosed 39 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $201.3M and a quarterly turnover rate of 168.0%.
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Dba Trading, LLC's disclosed holdings carry a Herfindahl concentration index of 0.449 — mathematically equivalent to about 2 equally-sized positions, well below its 39 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.12), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add APLD
+3147.7% $128.2M
Add RILY
+1207.6% $22.5M
Trim SPY
-75.3% -$4.2M
Trim CVNA
-92.4% -$4.2M
Trim SQNS
+24.8% -$1.5M
Trim G33856108
-11.4% -$513.2K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | APLD | Applied Digital CORP | Stock-Tech | 65.75% | +63.04% | +3147.66% | |
| 2 | RILY | Brc Group Holdings INC | Stock-Other | 11.74% | +11.00% | +1207.59% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.79% | +2.79% | NEW | |
| 4 | SQNS | Sequans Communications-adr | Stock-Other | 1.76% | -1.48% | +24.76% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 1.58% | +0.18% | +91.11% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.46% | +1.46% | NEW | |
| 7 | ✓ | Stock-Other | 1.43% | +0.56% | +72.51% | ||
| 8 | ✓ | Ferroglobe PLC | Stock-Other | 0.94% | -0.61% | -11.38% | |
| 9 | DRVN | Driven Brands Holdings INC | Stock-Other | 0.94% | +0.27% | +114.29% | |
| 10 | OLN | Olin CORP | Stock-Materials | 0.89% | +0.29% | +33.33% | |
| 11 | MGNI | Magnite INC | Stock-Other | 0.89% | +0.32% | +172.73% | |
| 12 | KBDC | Kayne Anderson Bdc INC | Stock-Other | 0.83% | +0.83% | NEW | |
| 13 | AMN | Amn Healthcare Services INC | Stock-Other | 0.79% | +0.01% | +12.99% | |
| 14 | SMCI | Super Micro Computer INC | Stock-Tech | 0.66% | +0.66% | NEW | |
| 15 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.65% | -2.90% | -75.31% | |
| 16 | GEL | Genesis Energy L.p. | Stock-Other | 0.64% | -0.09% | — | |
| 17 | EEFT | Euronet Worldwide INC | Stock-Tech | 0.61% | -0.12% | +23.33% | |
| 18 | IREN | Iren LTD F | Stock-Other | 0.61% | +0.61% | NEW | |
| 19 | MSTR | Strategy INC | Stock-Tech | 0.57% | -0.33% | — | |
| 20 | NVDA | Nvidia CORP | Stock-Tech | 0.52% | +0.28% | +200.00% | |
| 21 | AMTM | Amentum Holdings INC | Stock-Industrials | 0.40% | -0.18% | — | |
| 22 | XPOF | Xponential Fitness Inc-a | Stock-Other | 0.40% | -0.30% | — | |
| 23 | RYZ | Ryerson Holding CORP | Stock-Other | 0.39% | -0.18% | — | |
| 24 | REAX | Real Brokerage Inc/the | Stock-Other | 0.37% | +0.37% | NEW | |
| 25 | GLNG | Golar LNG Limited | Stock-Energy | 0.32% | +0.32% | NEW | |
| 26 | GME | Gamestop Corp-class A | Stock-Consumer Disc | 0.32% | +0.32% | NEW | |
| 27 | EFXT | Enerflex LTD | Stock-Other | 0.25% | +0.01% | — | |
| 28 | BYND | Beyond Meat INC | Stock-Consumer Staples | 0.24% | -0.11% | +1.50% | |
| 29 | ALAB | Astera Labs INC | Stock-Tech | 0.19% | +0.19% | NEW | |
| 30 | ACVA | Acv Auctions Inc-a | Stock-Other | 0.15% | -0.21% | — | |
| 31 | LFCR | Lifecore Biomedical INC | Stock-Other | 0.14% | -0.25% | — | |
| 32 | ONL | Orion Properties Inc. | Stock-Other | 0.13% | — | — | |
| 33 | CVNA | Carvana Co | Stock-Consumer Disc | 0.12% | -2.73% | -92.38% | |
| 34 | CRWV | Coreweave Inc-cl A | Stock-Tech | 0.12% | -0.01% | +7.14% | |
| 35 | CDZI | Cadiz INC | Stock-Other | 0.11% | -0.39% | -66.65% | |
| 36 | CRCL | Circle Internet Group INC | Stock-Financials | 0.10% | -0.05% | -26.67% | |
| 37 | JBI | Janus International Group In | Stock-Other | 0.10% | +0.10% | NEW | |
| 38 | AMC | Amc Entertainment Hlds-cl A | Stock-Other | 0.07% | -0.02% | +62.10% | |
| 39 | INTC | Intel CORP | Stock-Tech | 0.04% | +0.04% | NEW |
Performance for Q3 2026
-42.1%
Performance Last 4 Quarters
-42.7%
Based on 5 months of available history
Based on 82% of reported portfolio value with available pricing
Dba Trading, LLC's most significant position changes for 2026-03-31: Sold out: Netflix INC (NFLX); Sold out: Spdr Gold Shares (GLD); New buy: Alphabet Inc-cl C (GOOG); New buy: Alphabet Inc-cl A (GOOGL); New buy: Kayne Anderson Bdc INC (KBDC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | APLD | Applied Digital CORP | +63% | +3147.66% | Add |
| 2 | RILY | Brc Group Holdings INC | +11% | +1207.59% | Add |
| 3 | ✓ | +0.6% | +72.51% | Add | |
| 4 | MGNI | Magnite INC | +0.3% | +172.73% | Add |
| 5 | OLN | Olin CORP | +0.3% | +33.33% | Add |
| 6 | NVDA | Nvidia CORP | +0.3% | +200.00% | Add |
| 7 | DRVN | Driven Brands Holdings INC | +0.3% | +114.29% | Add |
| 8 | MSFT | Microsoft CORP | +0.2% | +91.11% | Add |
| 9 | AMN | Amn Healthcare Services INC | 0% | +12.99% | Add |
| 10 | EFXT | Enerflex LTD | 0% | — | Unchanged |
| 11 | ONL | Orion Properties Inc. | — | — | Unchanged |
| 12 | CRWV | Coreweave Inc-cl A | 0% | +7.14% | Add |
| 13 | AMC | Amc Entertainment Hlds-cl A | 0% | +62.10% | Add |
| 14 | CRCL | Circle Internet Group INC | -0.1% | -26.67% | Trim |
| 15 | GEL | Genesis Energy L.p. | -0.1% | — | Unchanged |
| 16 | BYND | Beyond Meat INC | -0.1% | +1.50% | Add |
| 17 | EEFT | Euronet Worldwide INC | -0.1% | +23.33% | Add |
| 18 | RYZ | Ryerson Holding CORP | -0.2% | — | Unchanged |
| 19 | AMTM | Amentum Holdings INC | -0.2% | — | Unchanged |
| 20 | ACVA | Acv Auctions Inc-a | -0.2% | — | Unchanged |
| 21 | LFCR | Lifecore Biomedical INC | -0.3% | — | Unchanged |
| 22 | XPOF | Xponential Fitness Inc-a | -0.3% | — | Unchanged |
| 23 | MSTR | Strategy INC | -0.3% | — | Unchanged |
| 24 | CDZI | Cadiz INC | -0.4% | -66.65% | Trim |
| 25 | ✓ | Ferroglobe PLC | -0.6% | -11.38% | Trim |
| 26 | SQNS | Sequans Communications-adr | -1.5% | +24.76% | Add |
| 27 | CVNA | Carvana Co | -2.7% | -92.38% | Trim |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | -2.9% | -75.31% | Trim |
| 29 | NFLX | Netflix INC | — | EXIT | Sold out |
| 30 | GLD | Spdr Gold Shares | — | EXIT | Sold out |
| 31 | GOOG | Alphabet Inc-cl C | — | NEW | New buy |
| 32 | GOOGL | Alphabet Inc-cl A | — | NEW | New buy |
| 33 | KBDC | Kayne Anderson Bdc INC | — | NEW | New buy |
| 34 | SMCI | Super Micro Computer INC | — | NEW | New buy |
| 35 | IREN | Iren LTD F | — | NEW | New buy |
| 36 | IBIT | Ishares Bitcoin Trust ETF | — | EXIT | Sold out |
| 37 | DAR | Darling Ingredients INC | — | EXIT | Sold out |
| 38 | TDW | Tidewater INC | — | EXIT | Sold out |
| 39 | REAX | Real Brokerage Inc/the | — | NEW | New buy |
| 40 | META | Meta Platforms Inc-class A | — | EXIT | Sold out |
| 41 | GLNG | Golar LNG Limited | — | NEW | New buy |
| 42 | GME | Gamestop Corp-class A | — | NEW | New buy |
| 43 | PRGO | Perrigo Company plc | — | EXIT | Sold out |
| 44 | ALAB | Astera Labs INC | — | NEW | New buy |
| 45 | ROG | Rogers CORP | — | EXIT | Sold out |
| 46 | JBI | Janus International Group In | — | NEW | New buy |
| 47 | INTC | Intel CORP | — | NEW | New buy |
| 48 | AMD | Advanced Micro Devices | — | EXIT | Sold out |
| 49 | SBET | Sharplink INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-08 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
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