How We Invest

13F FILER • MICHAEL GERMINO

Ghisallo Capital Management

Michael Germino — Ghisallo Capital Management LLC

No writing by this manager has been read and indexed yet, so this page carries the filings only. Holdings come straight from the Form 13F-HR on EDGAR.

339

Positions

$5.1B

Reported Value

42.6%

In Top 10

—

Claims Indexed

Largest reported positions

GHISALLO CAPITAL MANAGEMENT LLC • CIK 0001825214 • 2026-06-30 • FILED 2026-08-14

WHAT CHANGED THIS QUARTER

In its Q2 2026 13F, filed Aug 14, 2026, Ghisallo Capital Management reported 339 positions worth $4.2B in US-listed stock. The largest stock position is Space Exploration Techn Corp at 19.0% of the reported book, and the ten largest lines of any type make up 42.6% of it.

It opened 186 new positions, the largest stock positions being Space Exploration Techn Corp ($970.2M), Digital Rlty Tr Inc ($215.2M) and Alphabet Inc ($142.9M), and exited 122, the largest stock exits being Hyuhi 05/04/31 Cvt Put ($110.3M last quarter), Tesla Inc ($102.2M last quarter) and Nvidia Corporation ($95.9M last quarter).

Among positions it already held, the biggest increases by share count were Diamondback Energy Inc (+150%) and Janus Living Inc (+47%), and the biggest cuts were Trane Technologies Plc (−57%), Ul Solutions Inc (−50%) and Forgent Power Solutions Inc (−36%).

Largest reported positions, quarter ended 2026-06-30
IssuerValueWeightShares QoQ
SPACE EXPLORATION TECHN CORP$970.2M19.0%New
DIGITAL RLTY TR INC$215.2M4.2%New
MIDEA 051333 CVT PUT (PRN)$149.2M2.9%New
ALPHABET INC$142.9M2.8%New
ALPHABET INC$141.3M2.8%New
SUPER MICRO COMPUTER INC$128.0M2.5%New
MEDLINE INC$118.3M2.3%-34%
NEBIUS GROUP N.V.$110.5M2.2%-30%
XPENG INC$99.3M1.9%—
MIDEA 051127 CVT (PRN)$96.0M1.9%New
AURORA INNOVATION INC$81.2M1.6%New
ZTOEC 0925 030131 CVT PUT (PRN)$70.3M1.4%New
AMERICAN ELEC PWR CO INC$68.4M1.3%New
FORGENT POWER SOLUTIONS INC$65.6M1.3%-37%
LNVGY 062533 CVT (PRN)$62.6M1.2%New
DOLLAR TREE INC$60.5M1.2%New
CEREBRAS SYSTEMS INC$59.7M1.2%New
JOHNSON CONTROLS INTERNATION$58.4M1.1%-27%
ALPHABET INC$57.6M1.1%New
CHPAC 091830 CVT PUT (PRN)$54.4M1.1%New

20 of 339 positions. $869.5M of the reported value is Section 13(f) debt — convertible notes and the like — which the form covers alongside equities. A 13F covers long US-listed positions at a quarter end only — no shorts, leverage, cash, ordinary bonds or private holdings — and is 45 days old on publication.

NEW POSITIONS

  • Space Exploration Techn Corp$970.2M · 19.0%
  • Digital Rlty Tr Inc$215.2M · 4.2%
  • Alphabet Inc$142.9M · 2.8%
  • Alphabet Inc$141.3M · 2.8%
  • Super Micro Computer Inc$128.0M · 2.5%

EXITS

  • Hyuhi 05/04/31 Cvt Put$110.3M last quarter
  • Tesla Inc$102.2M last quarter
  • Nvidia Corporation$95.9M last quarter
  • Ztoec 0.925 03/01/31 Cvt Put$95.4M last quarter
  • Microsoft Corp$92.5M last quarter

QUESTIONS PEOPLE ASK

What are Ghisallo Capital Management's largest holdings?

OPEN
As of Jun 30, 2026, the three largest stock positions are Space Exploration Techn Corp (19.0%), Digital Rlty Tr Inc (4.2%) and Alphabet Inc (2.8%), together 26.1% of the reported book.

How big is Ghisallo Capital Management's 13F portfolio?

OPEN
The Q2 2026 13F, filed Aug 14, 2026, reports 339 positions worth $5.1B. The ten largest make up 42.6% of it.

What did Ghisallo Capital Management buy and sell in Q2 2026?

OPEN
It opened 186 new positions, the largest stock positions being Space Exploration Techn Corp ($970.2M), Digital Rlty Tr Inc ($215.2M) and Alphabet Inc ($142.9M), and exited 122, the largest stock exits being Hyuhi 05/04/31 Cvt Put ($110.3M last quarter), Tesla Inc ($102.2M last quarter) and Nvidia Corporation ($95.9M last quarter). Among positions it already held, the biggest increases by share count were Diamondback Energy Inc (+150%) and Janus Living Inc (+47%), and the biggest cuts were Trane Technologies Plc (−57%), Ul Solutions Inc (−50%) and Forgent Power Solutions Inc (−36%).

When is Ghisallo Capital Management's next 13F due?

OPEN
The Q3 2026 13F is due Nov 16, 2026. Forty-five days after the quarter ends is November 14, 2026 (Saturday), so the deadline moves to the next business day. Michael Germino's filing usually lands close to the deadline.

Filers with overlapping books