Truffle Hound Capital, LLC

BETHESDA, MD · CIK 1595862 · 13F filing filed 2026-08-06

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$680.0m
Staff7 · 7 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $680.0m gross assets
Websitetrufflehound.com
Form ADV · 2026-03-23SEC adviser record

Legal entityTruffle Hound Global Value, LLC (US)

Kindhedge funds
Others nearbyBethesda, MD

As an employer

Offices in1 country
Private fundshedge 1

$158.6m reported value -2.8% vs Q1 2026

46positions

44.8%in top 10

13 new 1 added 13 reduced 10 sold out vs Q1 2026

Options: 5 call positions ($47.8m notional), 1 put positions ($261.4m 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	ALPS ETF TR ALERIAN MLP AMLP	AMLP	240,000	$12.4m7.85%	7.85%	Unchanged
2	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	110,000	$9.5m6.01%	6.01%	Unchanged
3	EOG RES INC COM EOG	EOG	67,500	$8.8m5.52%	5.52%	Added +27.5k	+27,500 68.8%
4	PAGSEGURO DIGITAL LTD COM CL A PAGS	PAGS	750,000	$6.8m4.28%	4.28%	Unchanged
5	CF INDS HLDGS INC COM CF	CF	60,000	$6.5m4.10%	4.10%	New
6	SM ENERGY CO COM SM	SM	240,000	$6.3m3.95%	3.95%	Unchanged
7	ECOPETROL S A SPONSORED ADS EC	EC	430,000	$6.1m3.86%	3.86%	Reduced -120.0k	-120,000 -21.8%
8	BANCO BRADESCO S A SP ADR PFD NEW BBD	BBD	1,500,000	$5.2m3.28%	3.28%	Reduced -200.0k	-200,000 -11.8%
9	GRUPO AVAL ACCIONES Y VALORE SPONSORED ADS AVAL	AVAL	1,000,000	$5.0m3.17%	3.17%	Reduced -400.0k	-400,000 -28.6%
10	SCHLUMBERGER LTD COM STK SLB	SLB	95,000	$4.4m2.78%	2.78%	Unchanged
11	STONECO LTD COM CL A STNE	STNE	400,000	$4.3m2.73%	2.73%	Unchanged
12	POOL CORP COM POOL	POOL	20,000	$4.3m2.71%	2.71%	New
13	LEGACY ED INC COM LGCY	LGCY	350,000	$4.1m2.60%	2.60%	Unchanged
14	AMREP CORP COM AXR	AXR	160,000	$4.0m2.54%	2.54%	Unchanged
15	INTUIT COM INTU	INTU	15,000	$3.9m2.47%	2.47%	New
16	COMSTOCK HLDG COS INC CL A NEW CHCI	CHCI	244,461	$3.9m2.46%	2.46%	Reduced -105.5k	-105,539 -30.1%
17	OP BANCORP COM OPBK	OPBK	260,000	$3.9m2.46%	2.46%	Reduced -140.0k	-140,000 -35.0%
18	FRIEDMAN INDS INC COM FRD	FRD	116,551	$3.8m2.36%	2.36%	Reduced -33.4k	-33,449 -22.3%
19	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,000	$3.6m2.25%	2.25%	Reduced -5.0k	-5,000 -33.3%
20	NCS MULTISTAGE HLDGS INC COM NEW NCSM	NCSM	80,000	$3.5m2.23%	2.23%	Unchanged
21	MAGYAR BANCORP INC COM MGYR	MGYR	200,000	$3.5m2.20%	2.20%	Unchanged
22	TELEFLEX INCORPORATED COM TFX	TFX	25,000	$3.2m2.00%	2.00%	Reduced -7.0k	-7,000 -21.9%
23	ADOBE INC COM ADBE	ADBE	14,000	$2.9m1.81%	1.81%	Reduced -2.0k	-2,000 -12.5%
24	TRAVELZOO COM NEW TZOO	TZOO	244,305	$2.9m1.80%	1.80%	New
25	CDW CORP COM CDW	CDW	20,000	$2.8m1.77%	1.77%	New
26	BASSETT FURNITURE INDS INC COM BSET	BSET	150,000	$2.7m1.68%	1.68%	Unchanged
27	VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS VIST	VIST	40,000	$2.6m1.61%	1.61%	Unchanged
28	AMERICAN EAGLE OUTFITTERS IN COM AEO	AEO	140,000	$2.4m1.52%	1.52%	Unchanged
29	SALESFORCE INC COM CRM	CRM	15,000	$2.3m1.48%	1.48%	New
30	FACTSET RESH SYS INC COM FDS	FDS	10,000	$2.3m1.45%	1.45%	New
31	SB FINL GROUP INC COM SBFG	SBFG	90,373	$2.3m1.44%	1.44%	New
32	HENNESSY ADVISORS INC COM HNNA	HNNA	200,000	$2.0m1.28%	1.28%	Unchanged
33	UNION BANKSHARES INC COM UNB	UNB	80,000	$1.9m1.22%	1.22%	New
34	DMC GLOBAL INC COM BOOM	BOOM	300,000	$1.7m1.10%	1.10%	New
35	ULTRALIFE CORP COM ULBI	ULBI	250,000	$1.6m1.00%	1.00%	Unchanged
36	PAYPAL HLDGS INC COM PYPL	PYPL	34,000	$1.5m0.93%	0.93%	Unchanged
37	AUBURN NATL BANCORP COM AUBN	AUBN	50,000	$1.4m0.85%	0.85%	Unchanged
38	HERITAGE GLOBAL INC COM HGBL	HGBL	1,100,000	$1.3m0.84%	0.84%	Unchanged
39	GETTY IMAGES HOLDINGS INC CL A COM GETYQ	GETYQ	1,500,000	$1.3m0.81%	0.81%	New
40	INFUSYSTEM HLDGS INC COM INFU	INFU	128,629	$1.2m0.78%	0.78%	Reduced -101.4k	-101,371 -44.1%
41	ARQ INC COM ARQ	ARQ	420,000	$1.1m0.68%	0.68%	New
42	HOOKER FURNISHINGS CORPORATI COM HOFT	HOFT	58,996	$1.1m0.66%	0.66%	Unchanged
43	ICON PLC SHS ICLR	ICLR	6,000	$1.0m0.66%	0.66%	Reduced -18.0k	-18,000 -75.0%
44	SELECTQUOTE INC COM SLQT	SLQT	1,000,000	$841.1k0.53%	0.53%	New
45	LIFETIME BRANDS INC COM LCUT	LCUT	42,679	$364.1k0.23%	0.23%	Reduced -157.3k	-157,321 -78.7%
46	1STDIBS COM INC COM DIBS	DIBS	21,083	$103.3k0.07%	0.07%	Reduced -158.9k	-158,917 -88.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AMPLIFY ENERGY CORP NEW AMPY	AMPY	1,250,000	$7.8m1.2m shares
RING ENERGY INC REI	REI	2,000,000	$3.1m2.0m shares
CRESCENT ENERGY COMPANY CRGY	CRGY	200,000	$2.7m200.0k shares
WHIRLPOOL CORP WHR	WHR	50,000	$2.7m50.0k shares
SMART SAND INC SND	SND	440,000	$2.3m440.0k shares
PINTEREST INC PINS	PINS	80,000	$1.5m80.0k shares
PERMA-PIPE INTL HLDGS INC PPIH	PPIH	41,000	$1.2m41.0k shares
ALTO INGREDIENTS INC ALTO	ALTO	235,000	$1.1m235.0k shares
DOUGLAS ELLIMAN INC DOUG	DOUG	452,066	$741.4k452.1k shares
GRANITE PT MTG TR INC		366,274	$531.1k366.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	350,000	$261.4m350.0k shares	Added
ISHARES INC EWZ · Call	EWZ	Call	700,000	$24.1m700.0k shares	Unchanged
ENERGY TRANSFER L P ET · Call	ET	Call	500,000	$9.6m500.0k shares	Unchanged
PETROLEO BRASILEIRO SA PETRO PBR · Call	PBR	Call	350,000	$5.7m350.0k shares	Added
SCHLUMBERGER LTD SLB · Call	SLB	Call	100,000	$4.6m100.0k shares	Unchanged
NEWMONT CORP NEM · Call	NEM	Call	40,000	$3.7m40.0k shares	Unchanged