Aristides Capital LLC

LOUISVILLE, KY · CIK 1595521 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2020 · limited liability company

Assets managed$541.4m
Staff11 · 8 in investment roles
Main clients (by assets)Private funds 100%
Private funds4 (4 hedge) · $541.4m gross assets
Websitearistidescapital.com
Form ADV · 2026-05-22SEC adviser record

Legal entityARISTIDES CAPITAL LLC (US)

Kindhedge funds, futures
Others nearbyLouisville, KY

As an employer

Offices in1 country
Private fundshedge 4

$391.1m reported value +29.2% vs Q1 2026

147positions

38.0%in top 10

36 new 71 added 25 reduced 44 sold out vs Q1 2026

Options: 5 call positions ($34.0m notional), 10 put positions ($89.1m 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	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	50,743	$37.4m9.55%	9.55%	Added +32.4k	+32,380 176.3%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	35,379	$26.4m6.76%	6.76%	Reduced -484	-484 -1.4%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	44,118	$15.8m4.03%	4.03%	Reduced -1.8k	-1,800 -3.9%
4	DELTA AIR LINES INC DEL COM NEW DAL	DAL	154,988	$14.5m3.71%	3.71%	Added +11.6k	+11,570 8.1%
5	WISE GROUP PLC ORD SHS CLASS A WSE	WSE	917,960	$10.9m2.80%	2.80%	New
6	TURNING PT BRANDS INC COM TPB	TPB	114,763	$9.7m2.49%	2.49%	Added +11.6k	+11,599 11.2%
7	ITURAN LOCATION AND CONTROL SHS ITRN	ITRN	154,280	$9.4m2.41%	2.41%	Reduced -110.5k	-110,477 -41.7%
8	BANK UTICA N Y COM BKUTK	BKUTK	13,464	$8.6m2.19%	2.19%	Unchanged
9	MICROSOFT CORP COM MSFT	MSFT	21,977	$8.2m2.10%	2.10%	Added +1.6k	+1,640 8.1%
10	ROCKY BRANDS INC COM RCKY	RCKY	185,944	$7.7m1.96%	1.96%	Added +73.2k	+73,200 64.9%
11	BOOKING HOLDINGS INC COM BKNG	BKNG	40,005	$7.1m1.82%	1.82%	Reduced -886.9k	-886,870 -95.7%
12	PAN AMERN SILVER CORP COM PAAS	PAAS	153,406	$6.9m1.76%	1.76%	Added +11.3k	+11,300 8.0%
13	AXT INC COM AXTI	AXTI	90,107	$6.5m1.66%	1.66%	New
14	CARTERS INC COM CRI	CRI	152,328	$6.3m1.60%	1.60%	Reduced -11.6k	-11,621 -7.1%
15	COHERENT CORP COM COHR	COHR	15,374	$6.1m1.55%	1.55%	Added +6.1k	+6,110 66.0%
16	ISHARES TR ISHARES BIOTECH IBB	IBB	30,406	$5.8m1.48%	1.48%	New
17	INVESTORS TITLE CO NC COM ITIC	ITIC	20,483	$5.6m1.43%	1.43%	Added +1.5k	+1,530 8.1%
18	TOAST INC CL A TOST	TOST	201,480	$5.6m1.43%	1.43%	Added +56.5k	+56,480 39.0%
19	EVERTEC INC COM EVTC	EVTC	201,170	$5.6m1.43%	1.43%	Added +15.0k	+15,010 8.1%
20	ETON PHARMACEUTICALS INC COM ETON	ETON	145,410	$5.3m1.35%	1.35%	Reduced -40.6k	-40,631 -21.8%
21	JOHNSON OUTDOORS INC CL A JOUT	JOUT	113,770	$5.2m1.34%	1.34%	Reduced -16.1k	-16,062 -12.4%
22	CALIFORNIA RES CORP COM STOCK CRC	CRC	92,055	$4.9m1.24%	1.24%	Reduced -768	-768 -0.8%
23	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	142,822	$4.8m1.22%	1.22%	Reduced -120.4k	-120,364 -45.7%
24	ACI WORLDWIDE INC COM ACIW	ACIW	93,494	$4.7m1.20%	1.20%	Added +7.0k	+6,980 8.1%
25	SIMPSON MFG INC COM SSD	SSD	21,945	$4.6m1.17%	1.17%	Added +1.6k	+1,640 8.1%
26	M-TRON INDS INC COM MPTI	MPTI	41,209	$4.1m1.04%	1.04%	Reduced -24.5k	-24,464 -37.2%
27	HOME DEPOT INC COM HD	HD	11,580	$4.1m1.04%	1.04%	Added +860	+860 8.0%
28	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	32,728	$4.1m1.04%	1.04%	Added +2.4k	+2,440 8.1%
29	ISHARES TR RUSSELL 2000 ETF IWM	IWM	12,306	$3.7m0.95%	0.95%	New
30	VISA INC COM CL A V	V	9,928	$3.4m0.87%	0.87%	Added +740	+740 8.1%
31	HESAI GROUP SPONSORED ADS HSAI	HSAI	175,326	$3.2m0.82%	0.82%	Added +12.9k	+12,860 7.9%
32	IRADIMED CORP COM IRMD	IRMD	32,463	$3.1m0.79%	0.79%	Added +2.4k	+2,380 7.9%
33	BLOCK INC CL A XYZ	XYZ	40,250	$3.1m0.78%	0.78%	New
34	LSI INDS INC OHIO COM LYTS	LYTS	111,574	$3.0m0.76%	0.76%	Added +8.3k	+8,330 8.1%
35	BRINKS CO COM BCO	BCO	30,719	$2.9m0.74%	0.74%	New
36	EAGLE MATLS INC COM EXP	EXP	12,804	$2.9m0.74%	0.74%	Added +6.2k	+6,190 93.6%
37	CAMECO CORP COM CCJ	CCJ	28,229	$2.9m0.74%	0.74%	Added +1.9k	+1,850 7.0%
38	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	43,049	$2.7m0.68%	0.68%	Added +3.2k	+3,210 8.1%
39	YUM BRANDS INC COM YUM	YUM	16,557	$2.6m0.68%	0.68%	Added +1.2k	+1,240 8.1%
40	LINDBLAD EXPEDITIONS HLDGS I COM LIND	LIND	92,345	$2.6m0.67%	0.67%	Added +33.1k	+33,117 55.9%
41	BURLINGTON STORES INC COM BURL	BURL	8,104	$2.6m0.66%	0.66%	New
42	AMAZON COM INC COM AMZN	AMZN	10,768	$2.6m0.66%	0.66%	Added +800	+800 8.0%
43	AKAMAI TECHNOLOGIES INC COM AKAM	AKAM	21,617	$2.6m0.65%	0.65%	Reduced -6.6k	-6,626 -23.5%
44	VEEVA SYS INC CL A COM VEEV	VEEV	14,050	$2.5m0.64%	0.64%	New
45	EQT CORP COM EQT	EQT	46,291	$2.5m0.63%	0.63%	Added +3.5k	+3,450 8.1%
46	BANK UTICA/NY COM BKUT	BKUT	3,510	$2.5m0.63%	0.63%	Reduced -14	-14 -0.4%
47	NVR INC COM NVR	NVR	355	$2.4m0.62%	0.62%	Added +20	+20 6.0%
48	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	52,208	$2.4m0.61%	0.61%	Added +3.9k	+3,900 8.1%
49	CONCRETE PUMPING HLDGS INC COM BBCP	BBCP	193,704	$2.3m0.60%	0.60%	Added +5.2k	+5,231 2.8%
50	HACKETT GROUP INC COM HCKT	HCKT	213,195	$2.3m0.59%	0.59%	Added +15.9k	+15,910 8.1%
51	KAROOOOO LTD ORD SHS KARO	KARO	46,504	$2.3m0.59%	0.59%	New
52	BIT DIGITAL INC SHS BTBT	BTBT	1,250,000	$2.2m0.58%	0.58%	New
53	BK TECHNOLOGIES CORPORATION COM NEW BKTI	BKTI	25,822	$2.2m0.57%	0.57%	Added +1.9k	+1,890 7.9%
54	AIRBNB INC COM CL A ABNB	ABNB	15,091	$2.2m0.55%	0.55%	Reduced -5.4k	-5,380 -26.3%
55	APPFOLIO INC COM CL A APPF	APPF	13,360	$2.1m0.55%	0.55%	Added +8.4k	+8,360 167.2%
56	ZOOM COMMUNICATIONS INC CL A ZM	ZM	24,310	$2.1m0.54%	0.54%	New
57	FEDERAL AGRIC MTG CORP CL A AGM.A	AGM.A	14,131	$2.1m0.53%	0.53%	Unchanged
58	BWX TECHNOLOGIES INC COM BWXT	BWXT	10,646	$2.1m0.53%	0.53%	Added +620	+620 6.2%
59	ABERCROMBIE & FITCH CO CL A ANF	ANF	22,940	$2.1m0.53%	0.53%	Added +11.9k	+11,940 108.5%
60	EVI INDS INC COM EVI	EVI	133,503	$2.0m0.50%	0.50%	Added +91.6k	+91,631 218.8%
61	VISTRA CORP COM VST	VST	12,153	$1.9m0.49%	0.49%	Added +910	+910 8.1%
62	NL INDS INC COM NEW NL	NL	312,962	$1.9m0.48%	0.48%	Reduced -104.1k	-104,052 -24.9%
63	ALLIANCEBERNSTEIN HLDG L P UNIT LTD PARTN AB	AB	52,746	$1.9m0.47%	0.47%	Added +3.9k	+3,940 8.1%
64	FOX CORP CL B COM FOX	FOX	39,500	$1.9m0.47%	0.47%	New
65	ALPHA COGNITION INC COM NEW ACOG	ACOG	218,510	$1.6m0.40%	0.40%	Unchanged
66	MAMAS CREATIONS INC COM MAMA	MAMA	87,753	$1.6m0.40%	0.40%	Reduced -97.7k	-97,737 -52.7%
67	LANDS END INC NEW COM LE	LE	149,171	$1.6m0.40%	0.40%	New
68	FS BANCORP INC COM FSBW	FSBW	35,264	$1.5m0.39%	0.39%	Added +827	+827 2.4%
69	ELECTROMED INC COM ELMD	ELMD	36,022	$1.5m0.39%	0.39%	Added +2.7k	+2,690 8.1%
70	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	82,860	$1.4m0.37%	0.37%	Added +6.2k	+6,180 8.1%
71	BLACKBAUD INC COM BLKB	BLKB	48,085	$1.4m0.36%	0.36%	Reduced -101	-101 -0.2%
72	AMMO INC COM POWW	POWW	621,132	$1.4m0.36%	0.36%	Added +585.8k	+585,812 1658.6%
73	VINCE HLDG CORP COM NEW VNCE	VNCE	195,336	$1.4m0.36%	0.36%	New
74	EL POLLO LOCO HLDGS INC COM LOCO	LOCO	79,833	$1.4m0.35%	0.35%	New
75	NATURES SUNSHINE PRODS INC COM NATR	NATR	60,246	$1.3m0.34%	0.34%	Reduced -946	-946 -1.6%
76	FLUENCE ENERGY INC NOTE 2.250% 6/1 · principal FLNC 2.25 06.15.30 · principal	FLNC 2.25 06.15.30	1,000,000	$1.3m0.32%	0.32%	Unchanged
77	ALAMO GROUP INC COM ALG	ALG	7,456	$1.2m0.31%	0.31%	New
78	INFLEQTION INC COM SHS INFQ	INFQ	88,337	$1.2m0.30%	0.30%	Reduced -32.4k	-32,446 -26.9%
79	KAYNE ANDERSON ENERGY INFRST COM KYN	KYN	84,294	$1.2m0.30%	0.30%	Added +6.3k	+6,290 8.1%
80	GLOBALFOUNDRIES INC ORDINARY SHARES GFS	GFS	14,007	$1.2m0.30%	0.30%	New
81	RAYONIER INC COM RYN	RYN	53,902	$1.1m0.29%	0.29%	Added +4.0k	+4,020 8.1%
82	BROWN FORMAN CORP CL A BF.A	BF.A	40,610	$1.1m0.28%	0.28%	Unchanged
83	GENPACT LIMITED SHS G	G	40,212	$1.1m0.28%	0.28%	Added +3.0k	+3,000 8.1%
84	MODINE MFG CO COM MOD	MOD	4,136	$1.1m0.28%	0.28%	Added +310	+310 8.1%
85	NATIONAL PRESTO INDS INC COM NPK	NPK	8,371	$1.0m0.27%	0.27%	Added +342	+342 4.3%
86	HIGHLAND OPPORTUNITIES HIGHLAND INCOME HFRO	HFRO	143,706	$1.0m0.26%	0.26%	Added +5.6k	+5,610 4.1%
87	PIMCO ETF TR ACTIVE BD ETF BOND	BOND	11,078	$1.0m0.26%	0.26%	Added +810	+810 7.9%
88	MASTERCARD INCORPORATED CL A MA	MA	1,958	$1.0m0.26%	0.26%	Added +150	+150 8.3%
89	BIONTECH SE SPONSORED ADS BNTX	BNTX	10,790	$1.0m0.26%	0.26%	Added +790	+790 7.9%
90	ALPEX ACQUISITION CORP UNIT 06/05/2031 ALPXU	ALPXU	100,000	$1.0m0.26%	0.26%	New
91	CAVCO INDS INC DEL COM CVCO	CVCO	1,541	$946.8k0.24%	0.24%	Added +433	+433 39.1%
92	STMICROELECTRONICS N V NY REGISTRY STM	STM	11,892	$890.6k0.23%	0.23%	New
93	ENERGY SVCS ACQUISITION CORP COM ESOA	ESOA	46,043	$890.5k0.23%	0.23%	Added +1.9k	+1,924 4.4%
94	TORO CO COM TTC	TTC	9,107	$887.2k0.23%	0.23%	Reduced -10.9k	-10,866 -54.4%
95	BIRCHTECH CORP COM SHS BCHT	BCHT	425,000	$871.2k0.22%	0.22%	Unchanged
96	SPROTT INC COM NEW SII	SII	7,584	$852.1k0.22%	0.22%	Added +570	+570 8.1%
97	MERCADOLIBRE INC COM MELI	MELI	496	$841.9k0.22%	0.22%	Added +40	+40 8.8%
98	LIBERTY MEDIA CORP DEL COM LBTY ONE S A FWONA	FWONA	8,683	$760.1k0.19%	0.19%	Added +88	+88 1.0%
99	5E ADVANCED MATERIALS INC COM NEW FEAM	FEAM	546,278	$759.3k0.19%	0.19%	Unchanged
100	BROADWIND INC COM NEW BWEN	BWEN	156,500	$755.9k0.19%	0.19%	Added +11.6k	+11,570 8.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ISHARES TR IJR	IJR	72,428	$9.0m72.4k shares
AVIAT NETWORKS INC AVNW	AVNW	114,691	$2.6m114.7k shares
ARK 21SHARES BITCOIN ETF ARKB	ARKB	72,857	$1.6m72.9k shares
LITHIA MTRS INC LAD	LAD	3,086	$770.6k3.1k shares
META PLATFORMS INC META	META	1,100	$629.3k1.1k shares
ENVIRI CORP		22,887	$449.0k22.9k shares
REX AMERICAN RES CORP REX	REX	7,342	$334.6k7.3k shares
BRIGHT HORIZONS FAM SOL IN D BFAM	BFAM	3,635	$298.5k3.6k shares
ADTALEM GLOBAL ED INC CVSA	CVSA	2,528	$291.4k2.5k shares
HAFNIA LTD HAFN	HAFN	37,882	$287.9k37.9k shares
PRECISION DRILLING CORP PDS	PDS	2,809	$276.4k2.8k shares
CARGURUS INC CARG	CARG	7,920	$269.7k7.9k shares
NAVIOS MARITIME PARTNERS L P NMM	NMM	3,877	$261.6k3.9k shares
GRAND CANYON ED INC LOPE	LOPE	1,520	$258.4k1.5k shares
DANAOS CORPORATION DAC	DAC	2,278	$256.6k2.3k shares
NWPX INFRASTRUCTURE INC NWPX	NWPX	3,242	$252.4k3.2k shares
SCANSOURCE INC SCSC	SCSC	6,903	$250.6k6.9k shares
IDT CORP IDT	IDT	5,047	$247.8k5.0k shares
MATCH GROUP INC NEW MTCH	MTCH	7,961	$244.5k8.0k shares
BALCHEM CORP BCPC	BCPC	1,441	$244.2k1.4k shares
MONARCH CASINO & RESORT INC MCRI	MCRI	2,554	$244.2k2.6k shares
BOYD GAMING CORP BYD	BYD	2,925	$240.4k2.9k shares
ENERSYS ENS	ENS	1,344	$233.5k1.3k shares
CENTRAL GARDEN & PET CO CENTA	CENTA	7,189	$233.1k7.2k shares
AUTONATION INC AN	AN	1,173	$229.0k1.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
D-WAVE QUANTUM INC QBTS · Put	QBTS	Put	1,173,200	$28.1m1.2m shares	Added
TESLA INC TSLA · Put	TSLA	Put	60,000	$25.2m60.0k shares	Added
AXT INC AXTI · Call	AXTI	Call	227,700	$16.4m227.7k shares	Added
RIGETTI COMPUTING INC RGTI · Put	RGTI	Put	676,400	$13.1m676.4k shares	New
ISHARES BITCOIN TRUST ETF IBIT · Call	IBIT	Call	275,000	$9.2m275.0k shares	New
APPLOVIN CORP APP · Put	APP	Put	12,900	$6.6m12.9k shares	Unchanged
MARVELL TECHNOLOGY INC MRVL · Call	MRVL	Call	20,000	$6.0m20.0k shares	New
IONQ INC IONQ · Put	IONQ	Put	100,000	$5.3m100.0k shares	Unchanged
SOLARIS ENERGY INFRAS INC SEI · Put	SEI	Put	52,000	$4.2m52.0k shares	Unchanged
ROBINHOOD MKTS INC HOOD · Put	HOOD	Put	37,400	$3.8m37.4k shares	New
OKLO INC OKLO · Put	OKLO	Put	25,600	$1.3m25.6k shares	Reduced
AST SPACEMOBILE INC ASTS · Call	ASTS	Call	14,700	$1.3m14.7k shares	New
SPACE EXPLORATION TECHN CORP SPCX · Call	SPCX	Call	7,000	$1.2m7.0k shares	New
AXT INC AXTI · Put	AXTI	Put	13,000	$937.0k13.0k shares	New
PURECYCLE TECHNOLOGIES INC PCT · Put	PCT	Put	57,200	$463.9k57.2k shares	Reduced