Fund HoldingsDCF Advisers, LLC

Total Portfolio Value
$302.82M
Total Bought
$124.88M
Total Sold
$109.07M
Net Transaction
+$15.80M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
SPDR S&P 500 ETF TR(SPY)(Put)069,000+69,000047,052+47,052
MICRON TECHNOLOGY INC(MU)205,250167,250-38,00034,34247,73515.76%+13,392
CYBIN INC0775,588+775,58806,3442.10%+6,344
CORVUS PHARMACEUTICALS INC(CRVS)0729,000+729,00005,6131.85%+5,613
ALIBABA GROUP HLDG LTD(BABA)037,400+37,40005,4821.81%+5,482
BAIDU INC - ADR040,500+40,50005,2921.75%+5,292
ENERGY TRANSFER L P(ET)0300,500+300,50004,9551.64%+4,955
TEVA PHARMACEUTICAL-SP ADR(TEVA)367,700385,000+17,3007,42812,0163.97%+4,588
UBER TECHNOLOGIES INC(UBER)055,000+55,00004,4941.48%+4,494
ASTRAZENECA PLC(AZN)044,300+44,30004,0721.34%+4,072
ALPHABET INC(GOOG)57,00057,000013,88217,8875.91%+4,004
TEVA PHARMACEUTICAL-SP ADR(TEVA)(Put)097,500+97,50003,043+3,043
ISHARES TR(Put)010,000+10,00003,012+3,012
HOME DEPOT INC(HD)08,500+8,50002,9250.97%+2,925
VERTEX PHARMACEUTICALS INC(VRTX)06,000+6,00002,7200.90%+2,720
BARRICK GOLD CORP060,000+60,00002,6130.86%+2,613
LILLY ELI & CO(LLY)8,3008,30006,3338,9202.95%+2,587
LYFT INC(LYFT)33,500150,000+116,5007372,9060.96%+2,168
REGENERON PHARMACEUTICALS(REGN)10,00010,00005,6237,7192.55%+2,096
STRUCTURE THERAPEUTICS INC030,000+30,00002,0870.69%+2,087
ALPHABET INC(GOOG)(Put)05,000+5,00001,565+1,565
IMMUNEERING CORP0215,000+215,00001,4150.47%+1,415
ARGENX SE(ARGX)13,65013,650010,06811,4793.79%+1,411
INVESCO QQQ TR(Put)02,000+2,00001,229+1,229
AMGEN INC(AMGN)11,50013,500+2,0003,2454,4191.46%+1,173
ADVANCED MICRO DEVICES INC(AMD)32,50030,000-2,5005,2586,4252.12%+1,167
IONIS PHARMACEUTICALS INC(IONS)108,413103,000-5,4137,0928,1482.69%+1,056
SANOFI SA(SNY)021,000+21,00001,0180.34%+1,018
GENERAL MTRS CO(GM)012,500+12,50001,0170.34%+1,017
UBER TECHNOLOGIES INC(UBER)(Put)010,000+10,0000980+980
AMAZON COM INC(AMZN)032,000+32,00007,3862.44%+7,386
ZOOM VIDEO COMMUNICATIONS IN(ZM)(Call)010,000+10,0000863+863
ARQ INC0260,570+260,57008520.28%+852
ISHARES GOLD TR(IAU)100,000100,00007,2778,1172.68%+840
TELADOC HEALTH INC(TDOC)35,000137,500+102,5002719630.32%+692
DOCUSIGN INC(DOCU)(Call)09,500+9,5000650+650
NEWAMSTERDAM PHARMA COMPANY
ORDINARY SHARES
175,250160,600-14,6504,9845,6341.86%+650
VANECK VECTORS GOLD MINERS ETF
GOLD MINERS ETF
114,500109,500-5,0008,7489,3923.10%+644
INCYTE CORP(INCY)41,50041,50003,5204,0991.35%+579
ALTIMMUNE INC(Call)0158,000+158,0000570+570
CITIGROUP INC(C)36,00036,00003,6544,2011.39%+547
QUALCOM INC(QCOM)7,75010,250+2,5001,2891,7530.58%+464
BIOHAVEN LTD(BHVN)(Call)6,00047,000+41,00090531+441
BIOGEN INC(BIIB)(Call)02,500+2,5000440+440
ISHARES SILVER TR(SLV)100,00072,500-27,5004,2374,6701.54%+433
STARBUCKS CORP(SBUX)(Call)05,000+5,0000421+421
AMGEN INC(AMGN)(Call)2,0003,000+1,000564982+418
BK OF AMERICA CORP119,500119,50006,1656,5732.17%+407
VANECK ETF TRUST
JUNIOR GOLD MINE
26,50026,50002,6243,0151.00%+391
ZOOM VIDEO COMMUNICATIONS IN(ZM)030,250+30,25002,6100.86%+2,610
Viridian Therapeutics Inc(VRDN)62,02952,700-9,3291,3391,6400.54%+301
LIFECORE BIOMEDICAL INC0442,000+442,00003,6161.19%+3,616
LAM RESEARCH CORP(LRCX)7,5007,50001,0041,2840.42%+280
ANAPTYSBIO INC48,00035,250-12,7501,4701,7090.56%+239
LYFT INC(LYFT)(Call)5,00017,500+12,500110339+229
VERTEX PHARMACEUTICALS INC(VRTX)(Call)0500+5000227+227
METHANEX CORP(MEOH)05,500+5,50002180.07%+218
BAIDU INC - ADR(Call)01,500+1,5000196+196
BURFORD CAP LTD
ORD SHS
019,500+19,50001740.06%+174
INFLARX NV0158,500+158,50001600.05%+160
APPLE INC(AAPL)9,2509,25002,3552,5150.83%+159
XENCOR INC(XNCR)189,736154,736-35,0002,2262,3690.78%+143
INTEL CORP(INTC)40,00040,00001,3421,4760.49%+134
NUVEEN CR STRATEGIES INCOME
COM SHS
371,713408,720+37,0071,9592,0520.68%+93
ABERDEEN TOTAL DYNAMIC DIVD
COM SH BEN INT
266,000266,00002,5162,5940.86%+77
ALTIMMUNE INC018,700+18,7000680.02%+68
TURNING PT BRANDS INC(TPB)7,0007,00006927590.25%+67
ARDELYX INC10,00020,000+10,000551170.04%+62
ZAI LAB LTD(ZLAB)(Put)01,500+1,500026+26
SRH TOTAL RETURN FUND INC(STEW)50,00050,00009089270.31%+19
ISHARES RUSSELL 20003,0003,00007267380.24%+13
CANTALOUPE INC33,50033,50003543560.12%+2
VANECK VECTORS GOLD MINERS ETF(Put)
GOLD MINERS ETF
15,00015,00001,1461,1460
PFIZER INC(PFE)47,00047,00001,1981,1700.39%-27
ABBVIE INC(ABBV)10,75010,75002,4892,4560.81%-33
ALLOT COMMUNICATIONS LTD70,00072,000+2,0007417080.23%-33
ALTIMMUNE INC10,7700-10,770410-41
O-I GLASS INC(OI)77,25064,750-12,5001,0029560.32%-46
PROTHENA CORP PLC
SHS
200,747195,747-5,0001,9591,8690.62%-90
BROADCOM INC(AVGO)5,0004,500-5001,6501,5570.51%-92
LENSAR INC119,217118,217-1,0001,4721,3750.45%-97
ESPERION THERAPEUTICS INC NE000990-99
SPOTIFY TECHNOLOGY S A(SPOT)1,2501,25008737260.24%-147
META PLATFORMS INC(META)2,0002,00001,4691,3200.44%-149
NEXTNAV INC(NN)11,4500-11,4501640-164
KRANESHARES TRUST4,0000-4,0001680-168
KRANESHARES TRUST(Put)4,0000-4,0001680-168
SPDR GOLD TR(GLD)15,00013,000-2,0005,3325,1521.70%-180
SPROTT FDS TR
URANI MINER ETF
35,00035,00002,1151,9210.63%-194
O-I GLASS INC(OI)(Call)16,0000-16,0002080-208
METHANEX CORP5,2500-5,2502090-209
PALO ALTO NETWORKS INC1,0500-1,0502140-214
CISCO SYS INC(CSCO)60,00050,000-10,0004,1053,8521.27%-254
ZIMMER BIOMET HOLDINGS INC(ZBH)30,50030,50003,0042,7430.91%-262
BURFORD CAP LTD24,5000-24,5002930-293
BARNES & NOBLE ED INC229,443214,943-14,5002,2831,9750.65%-308
PAYPAL HOLDINGS INC(PYPL)11,0005,000-6,0007382920.10%-446
ALTIMMUNE INC(Call)126,0000-126,0004750-475
MICRON TECHNOLOGY INC(MU)(Put)41,50022,500-19,0006,9446,422-522
MARVELL TECHNOLOGY INC(MRVL)34,25027,500-6,7502,8792,3370.77%-542
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