Whetstone Capital Advisors, LLC

SHAWNEE MISSION, KS · CIK 1607278 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2014 · limited liability company

Assets managed$415.1m
Staff4 · 4 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 (3 hedge) · $415.1m gross assets
Main officeMission Woods, KS
Form ADV · 2026-03-13SEC adviser record

Legal entityWHETSTONE CAPITAL ADVISORS, LLC (US)

$377.4m reported value +42.0% vs Q1 2026

67positions

71.9%in top 10

22 new 8 added 14 reduced 9 sold out vs Q1 2026

Options: 1 call positions ($3.0m notional), 0 put positions (— 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	DAVE INC CLASS A COM NEW DAVE	DAVE	223,078	$83.1m22.02%	22.02%	Reduced -1.1k	-1,077 -0.5%
2	CLOUDFLARE INC CL A COM NET	NET	292,861	$71.8m19.03%	19.03%	Reduced -170	-170 -0.1%
3	ALPHABET INC CAP STK CL C GOOG	GOOG	115,630	$40.9m10.83%	10.83%	Reduced -3.0k	-3,000 -2.5%
4	AMAZON COM INC COM AMZN	AMZN	69,271	$16.5m4.37%	4.37%	Reduced -23.8k	-23,833 -25.6%
5	FERMI INC COM FRMI	FRMI	1,311,002	$12.0m3.18%	3.18%	New
6	KLARNA GROUP PLC SHS KLAR	KLAR	508,644	$10.3m2.73%	2.73%	Reduced -1.3k	-1,295 -0.2%
7	BLOCK INC CL A XYZ	XYZ	123,945	$9.4m2.50%	2.50%	Added +120	+120 0.1%
8	TOAST INC CL A TOST	TOST	336,853	$9.4m2.48%	2.48%	Added +804	+804 0.2%
9	EXZEO GROUP INC COM SHS XZO	XZO	541,544	$9.1m2.42%	2.42%	Added +130.2k	+130,191 31.6%
10	OPTIMIZERX CORP COM NEW OPRX	OPRX	1,508,303	$8.6m2.29%	2.29%	Unchanged
11	SEA LTD SPONSORD ADS SE	SE	85,475	$8.2m2.17%	2.17%	New
12	ETORO GROUP LTD SHS CL A ETOR	ETOR	190,284	$7.5m1.99%	1.99%	Added +51.2k	+51,197 36.8%
13	BETTER HOME & FINANCE HOLDIN COM NEW CL A BETR	BETR	253,987	$7.0m1.85%	1.85%	New
14	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	225,948	$6.9m1.84%	1.84%	New
15	COINBASE GLOBAL INC COM CL A COIN	COIN	47,048	$6.9m1.82%	1.82%	Added +21.8k	+21,788 86.2%
16	PHREESIA INC COM PHR	PHR	629,752	$6.5m1.72%	1.72%	Reduced -324.2k	-324,176 -34.0%
17	ORACLE CORP COM ORCL	ORCL	41,598	$6.1m1.62%	1.62%	New
18	SERA PROGNOSTICS INC CLASS A COM SERA	SERA	3,306,889	$6.0m1.59%	1.59%	Unchanged
19	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	54,755	$5.5m1.45%	1.45%	Added +4.4k	+4,419 8.8%
20	WEALTHFRONT CORP COM WLTH	WLTH	604,160	$5.4m1.43%	1.43%	Added +57.8k	+57,753 10.6%
21	PAGAYA TECHNOLOGIES LTD CL A NEW PGY	PGY	295,665	$5.4m1.43%	1.43%	Reduced -373	-373 -0.1%
22	SERVICETITAN INC SHS CL A TTAN	TTAN	46,323	$3.3m0.87%	0.87%	New
23	REPAY HLDGS CORP COM CL A RPAY	RPAY	764,673	$3.2m0.85%	0.85%	Reduced -1.9m	-1,925,966 -71.6%
24	BENTLEY SYS INC COM CL B BSY	BSY	98,200	$2.9m0.78%	0.78%	New
25	PICS NV COM CL A PICS	PICS	205,948	$2.2m0.58%	0.58%	New
26	PROCORE TECHNOLOGIES INC COM PCOR	PCOR	49,001	$2.0m0.53%	0.53%	New
27	NVIDIA CORPORATION COM NVDA	NVDA	9,710	$1.9m0.51%	0.51%	New
28	BROADCOM INC COM AVGO	AVGO	4,395	$1.7m0.44%	0.44%	New
29	VERTEX INC CL A VERX	VERX	136,118	$1.6m0.41%	0.41%	New
30	HEALTH IN TECH INC CL A HIT	HIT	1,509,766	$1.5m0.40%	0.40%	New
31	KLAVIYO INC COM SER A KVYO	KVYO	88,946	$1.3m0.36%	0.36%	New
32	MARVELL TECHNOLOGY INC COM MRVL	MRVL	4,238	$1.3m0.33%	0.33%	New
33	MONOLITHIC PWR SYS INC COM MPWR	MPWR	595	$822.5k0.22%	0.22%	New
34	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	406	$807.7k0.21%	0.21%	New
35	ASANA INC CL A ASAN	ASAN	105,100	$735.7k0.19%	0.19%	Reduced -276.6k	-276,616 -72.5%
36	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,500	$716.4k0.19%	0.19%	New
37	BRAZE INC COM CL A BRZE	BRZE	30,927	$670.8k0.18%	0.18%	New
38	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,116	$398.8k0.11%	0.11%	Reduced -93	-93 -7.7%
39	AMKOR TECHNOLOGY INC COM AMKR	AMKR	4,600	$396.7k0.11%	0.11%	New
40	UNITEDHEALTH GROUP INC COM UNH	UNH	811	$337.1k0.09%	0.09%	Reduced -77	-77 -8.7%
41	HEALTH CATALYST INC COM HCAT	HCAT	167,097	$332.5k0.09%	0.09%	Reduced -4.1m	-4,101,044 -96.1%
42	OUTFRONT MEDIA INC COM NEW OUT	OUT	9,347	$306.2k0.08%	0.08%	Unchanged
43	CAMTEK LTD ORD CAMT	CAMT	1,800	$293.6k0.08%	0.08%	New
44	CELESTICA INC COM CLS	CLS	771	$281.3k0.07%	0.07%	New
45	WATSCO INC COM WSO	WSO	668	$278.4k0.07%	0.07%	Unchanged
46	3M CO COM MMM	MMM	1,712	$277.2k0.07%	0.07%	Unchanged
47	APOLLO GLOBAL MGMT INC COM APO	APO	2,339	$276.7k0.07%	0.07%	Unchanged
48	SCOTTS MIRACLE-GRO CO CL A SMG	SMG	4,056	$276.3k0.07%	0.07%	Unchanged
49	KENVUE INC COM KVUE	KVUE	14,327	$273.8k0.07%	0.07%	Unchanged
50	ALTRIA GROUP INC COM MO	MO	3,787	$272.5k0.07%	0.07%	Unchanged
51	JOHNSON & JOHNSON COM JNJ	JNJ	1,070	$271.7k0.07%	0.07%	Unchanged
52	BLACKSTONE INC COM BX	BX	2,284	$268.8k0.07%	0.07%	Unchanged
53	UNILEVER PLC SPON ADR NEW UL	UL	4,444	$267.2k0.07%	0.07%	Added +551	+551 14.2%
54	PHILIP MORRIS INTL INC COM PM	PM	1,461	$264.3k0.07%	0.07%	Unchanged
55	KKR REAL ESTATE FIN TR INC COM KREF	KREF	38,108	$260.7k0.07%	0.07%	Unchanged
56	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	5,721	$256.6k0.07%	0.07%	Unchanged
57	GSK PLC SPONSORED ADR GSK	GSK	4,760	$249.5k0.07%	0.07%	Unchanged
58	PHILLIPS 66 COM PSX	PSX	1,469	$248.3k0.07%	0.07%	Unchanged
59	THE CIGNA GROUP COM CI	CI	899	$247.8k0.07%	0.07%	Reduced -64	-64 -6.7%
60	RESTAURANT BRANDS INTL INC COM QSR	QSR	3,383	$245.3k0.06%	0.06%	Unchanged
61	BLUE OWL CAPITAL INC COM CL A OWL	OWL	27,880	$243.9k0.06%	0.06%	Unchanged
62	VAIL RESORTS INC COM MTN	MTN	1,777	$241.9k0.06%	0.06%	Unchanged
63	NEXTERA ENERGY INC COM NEE	NEE	2,746	$241.0k0.06%	0.06%	Unchanged
64	SANOFI SPONSORED ADR SNY	SNY	5,329	$227.3k0.06%	0.06%	Reduced -445	-445 -7.7%
65	MEDTRONIC PLC SHS MDT	MDT	2,874	$224.8k0.06%	0.06%	Unchanged
66	CARLYLE GROUP INC COM CG	CG	5,312	$223.7k0.06%	0.06%	Unchanged
67	CANADIAN NAT RES LTD COM CNQ	CNQ	5,201	$205.4k0.05%	0.05%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BACKBLAZE INC BLZE	BLZE	1,520,055	$5.2m1.5m shares
OPEN LENDING CORP LPRO	LPRO	3,799,105	$4.7m3.8m shares
THE REAL BROKERAGE INC		1,650,593	$4.1m1.7m shares
LIFEMD INC LFMD	LFMD	360,250	$1.3m360.2k shares
THE BEACHBODY COMPANY INC BODI	BODI	102,172	$1.1m102.2k shares
MERIDIAN HOLDINGS INC MRDN	MRDN	63,319	$457.2k63.3k shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	3,547	$285.7k3.5k shares
BOOZ ALLEN HAMILTON HLDG COR BAH	BAH	3,307	$258.0k3.3k shares
BLEND LABS INC BLND	BLND	38,889	$66.1k38.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
HEALTH CATALYST INC HCAT · Call	HCAT	Call	1,515,000	$3.0m1.5m shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
SERA PROGNOSTICS INC SERA · 13G · filed 2026-05-01	SERA	8.6%≈ $6.0m	-0.6 pts	13G	2026-05-01
OPTIMIZERX CORP OPRX · 13D · filed 2025-04-21	OPRX	8.2%≈ $8.6m	no change	13D	2025-04-21