TAM Capital Management Inc.

STAMFORD, CT · CIK 1594591 · 13F filing filed 2026-02-18

SEC-registered investment adviser since 2022 · corporation

$42.6m reported value -48.8% vs Q3 2025

4positions

100.0%in top 10

1 new 1 added 2 reduced 2 sold out vs Q3 2025

Options: 3 call positions ($109.0m notional), 1 put positions ($14.7m notional) – listed below, not included above.

Holdings, Q4 2025

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	THE CIGNA GROUP COM CI	CI	122,722	$33.8m79.37%	79.37%	Reduced -130.8k	-130,792 -51.6%
2	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	14,654	$3.1m7.19%	7.19%	Reduced -3.1m	-3,088,802 -99.5%
3	CLOROX CO DEL COM CLX	CLX	20,000	$3.1m7.19%	7.19%	New
4	FISERV INC COM FISV	FISV	39,651	$2.7m6.26%	6.26%	Added +13.5k	+13,451 51.3%

Security	Ticker	Shares held before	Value then
ELEVANCE HEALTH INC ELV	ELV	15,238	$3.1m15.2k shares
MAGNERA CORP MAGN	MAGN	34,038	$398.9k34.0k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
THE CIGNA GROUP CI · Call	CI	Call	333,500	$91.8m333.5k shares	Reduced
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	21,500	$14.7m21.5k shares	Added
CHARTER COMMUNICATIONS INC N CHTR · Call	CHTR	Call	45,100	$9.4m45.1k shares	Added
FISERV INC FISV · Call	FISV	Call	115,500	$7.8m115.5k shares	Added