Potrero Capital Research LLC

SAN FRANCISCO, CA · CIK 1536630 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2016 · limited liability company

Assets managed$419.6m
Staff4 · 3 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 (3 hedge) · $397.4m gross assets
Form ADV · 2026-03-27SEC adviser record

Legal entityPOTRERO CAPITAL RESEARCH, LLC (US)

Kindhedge funds
Others nearbySan Francisco, CA

As an employer

Offices in1 country
Private fundshedge 3

$163.2m reported value +0.2% vs Q1 2026

44positions

46.9%in top 10

20 new 2 added 18 reduced 7 sold out vs Q1 2026

Options: 0 call positions (— notional), 2 put positions ($16.7m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	GUARDIAN METAL RES PLC SPONSORED ADS GMTL	GMTL	629,393	$8.8m5.40%	5.40%	Added +269.9k	+269,886 75.1%
2	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	9,117	$8.8m5.39%	5.39%	Reduced -19.2k	-19,223 -67.8%
3	GE VERNOVA INC COM GEV	GEV	7,085	$8.3m5.10%	5.10%	Reduced -2.0k	-2,000 -22.0%
4	CORNING INC COM GLW	GLW	31,177	$8.0m4.88%	4.88%	Reduced -34.5k	-34,543 -52.6%
5	CHURCHILL CAP CORP XI CL A ORD SHS CCXI	CCXI	450,550	$7.9m4.82%	4.82%	New
6	AMBARELLA INC SHS AMBA	AMBA	86,595	$7.4m4.55%	4.55%	New
7	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	212,944	$7.4m4.52%	4.52%	New
8	ADVANCED ENERGY INDS COM AEIS	AEIS	18,592	$6.9m4.25%	4.25%	New
9	BLACKLINE INC COM BL	BL	238,590	$6.7m4.10%	4.10%	Reduced -182.6k	-182,559 -43.4%
10	NOKIA CORP SPONSORED ADR NOK	NOK	473,240	$6.3m3.85%	3.85%	Reduced -465.8k	-465,825 -49.6%
11	AMRIZE LTD SHS AMRZ	AMRZ	115,595	$6.2m3.77%	3.77%	Reduced -51.8k	-51,763 -30.9%
12	TRANSALTA CORP COM TAC	TAC	439,186	$6.1m3.72%	3.72%	Reduced -351.2k	-351,187 -44.4%
13	GLOBALFOUNDRIES INC ORDINARY SHARES GFS	GFS	61,056	$5.0m3.08%	3.08%	New
14	BLACKROCK SCIENCE & TECHNOLO SHS BEN INT BSTZ	BSTZ	167,198	$5.0m3.08%	3.08%	New
15	ANTERIX INC COM ATEX	ATEX	46,525	$4.8m2.93%	2.93%	Reduced -183.0k	-183,036 -79.7%
16	BILL HOLDINGS INC COM BILL	BILL	117,707	$4.3m2.61%	2.61%	Reduced -53.7k	-53,653 -31.3%
17	ENPHASE ENERGY INC COM ENPH	ENPH	85,840	$4.2m2.59%	2.59%	New
18	GALAXY DIGITAL INC. CL A GLXY	GLXY	151,904	$4.2m2.54%	2.54%	New
19	TALEN ENERGY CORP COM TLN	TLN	10,418	$4.0m2.45%	2.45%	Unchanged
20	M-TRON INDS INC COM MPTI	MPTI	38,161	$3.8m2.32%	2.32%	Added +6.4k	+6,360 20.0%
21	IVANHOE ELECTRIC INC COM IE	IE	382,345	$3.7m2.25%	2.25%	New
22	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	12,000	$3.0m1.84%	1.84%	New
23	SPROUT SOCIAL INC COM CL A SPT	SPT	377,131	$2.8m1.74%	1.74%	Reduced -179.5k	-179,475 -32.2%
24	NEXTNAV INC COMMON STOCK NN	NN	145,000	$2.6m1.58%	1.58%	New
25	WEAVE COMMUNICATIONS INC COM WEAV	WEAV	422,415	$2.5m1.55%	1.55%	Reduced -197.0k	-196,977 -31.8%
26	SOLV ENERGY INC COM SHS CL A MWH	MWH	65,941	$2.2m1.38%	1.38%	New
27	LEGENCE CORP CL A LGN	LGN	25,059	$2.1m1.31%	1.31%	Unchanged
28	CROCS INC COM CROX	CROX	17,038	$2.1m1.26%	1.26%	Reduced -84.0k	-83,952 -83.1%
29	NEXTDOOR HOLDINGS INC COM CL A NXDR	NXDR	897,718	$2.0m1.25%	1.25%	Reduced -1.0m	-1,044,899 -53.8%
30	GOLAR LNG LTD SHS GLNG	GLNG	40,000	$2.0m1.22%	1.22%	New
31	KEEL INFRASTRUCTURE CORP COM SHS KEEL	KEEL	300,000	$1.7m1.05%	1.05%	New
32	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	10,000	$1.7m1.05%	1.05%	New
33	BIGCOMMERCE HLDGS INC COM SER 1 CMRC	CMRC	562,424	$1.7m1.02%	1.02%	Reduced -186.2k	-186,238 -24.9%
34	STARZ ENTERTAINMENT CORP. COM STRZ	STRZ	56,195	$1.6m0.99%	0.99%	New
35	BLOOM ENERGY CORP COM CL A BE	BE	5,000	$1.5m0.93%	0.93%	New
36	CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES CRDO	CRDO	5,000	$1.4m0.83%	0.83%	New
37	INTEL CORP COM INTC	INTC	8,220	$1.1m0.70%	0.70%	New
38	THE REALREAL INC COM REAL	REAL	82,719	$975.3k0.60%	0.60%	New
39	FRESHWORKS INC CLASS A COM FRSH	FRSH	64,630	$654.1k0.40%	0.40%	Unchanged
40	BLEND LABS INC CL A BLND	BLND	379,274	$648.6k0.40%	0.40%	Reduced -170.4k	-170,428 -31.0%
41	ZEVIA PBC CL A ZVIA	ZVIA	315,181	$513.7k0.31%	0.31%	Reduced -1.4m	-1,427,850 -81.9%
42	BLUE MOON METALS INC COM BMM	BMM	78,349	$500.6k0.31%	0.31%	Unchanged
43	META PLATFORMS INC CL A META	META	200	$112.7k0.07%	0.07%	Reduced -18	-18 -8.3%
44	BED BATH & BEYOND INC W EXP 10/07/202 W EXP 10/07/202		18,003	$7.6k0.00%	0.00%	Reduced -16.5k	-16,503 -47.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BIRKENSTOCK HOLDING PLC BIRK	BIRK	304,339	$10.9m304.3k shares
YETI HLDGS INC YETI	YETI	254,953	$9.3m255.0k shares
UNITED STATES CELLULAR CORP AD	AD	160,434	$7.4m160.4k shares
HINGE HEALTH INC HNGE	HNGE	117,162	$4.5m117.2k shares
TURNING PT BRANDS INC TPB	TPB	48,527	$4.2m48.5k shares
AKAMAI TECHNOLOGIES INC AKAM	AKAM	20,000	$2.3m20.0k shares
SOLSTICE ADVANCED MATLS INC SOLS	SOLS	21,802	$1.7m21.8k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SEAGATE TECHNOLOGY HLDNGS PL STX · Put	STX	Put	9,100	$8.8m9.1k shares	New
CORNING INC GLW · Put	GLW	Put	31,000	$7.9m31.0k shares	New