Union Square Park Capital Management, LLC

New York, NY · CIK 1666231 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2021 · limited liability company

Assets managed$154.5m
Staff2 · 2 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $154.5m gross assets
Websiteuspcm.com
Form ADV · 2026-03-23SEC adviser record

Legal entityUNION SQUARE PARK CAPITAL MANAGEMENT, LLC (US)

$137.5m reported value +20.3% vs Q1 2026

51positions

53.7%in top 10

18 new 11 added 5 reduced 20 sold out vs Q1 2026

Options: 7 call positions ($57.1m notional), 2 put positions ($83.4m 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	RH COM RH	RH	70,000	$11.5m8.39%	8.39%	Added +5.0k	+5,000 7.7%
2	PELOTON INTERACTIVE INC CL A COM PTON	PTON	1,650,000	$9.8m7.09%	7.09%	Added +150.0k	+150,000 10.0%
3	ESTABLISHMENT LABS HLDGS INC COM ESTA	ESTA	105,000	$9.0m6.55%	6.55%	Unchanged
4	RUMBLEON INC COM CL B RDNW	RDNW	1,239,277	$8.3m6.00%	6.00%	Reduced -193.5k	-193,544 -13.5%
5	COMPASS INC CL A COMP	COMP	650,000	$8.0m5.83%	5.83%	Added +75.0k	+75,000 13.0%
6	MONRO INC COM MNRO	MNRO	425,000	$7.3m5.29%	5.29%	Added +325.0k	+325,000 325.0%
7	TELADOC HEALTH INC COM TDOC	TDOC	800,000	$6.8m4.93%	4.93%	New
8	GROUPON INC COM NEW GRPN	GRPN	205,000	$4.9m3.59%	3.59%	New
9	AIRBNB INC COM CL A ABNB	ABNB	30,000	$4.3m3.12%	3.12%	Unchanged
10	SPORTSMANS WHSE HLDGS INC COM SPWH	SPWH	3,036,695	$4.0m2.94%	2.94%	Added +435.9k	+435,893 16.8%
11	GENERAC HLDGS INC COM GNRC	GNRC	13,500	$4.0m2.88%	2.88%	Added +8.5k	+8,500 170.0%
12	APARTMENT INVT & MGMT CO CL A AIV	AIV	1,125,000	$3.3m2.43%	2.43%	Unchanged
13	SERVICE PPTYS TR COM SH BEN INT COM SH BEN INT		1,900,000	$3.2m2.34%	2.34%	New
14	LIONSGATE STUDIOS CORP COM LION	LION	200,000	$3.1m2.23%	2.23%	Unchanged
15	CENTURI HOLDINGS INC COM SHS CTRI	CTRI	100,000	$3.0m2.20%	2.20%	Unchanged
16	BROADCOM INC COM AVGO	AVGO	7,500	$2.8m2.06%	2.06%	Unchanged
17	HONEYWELL AEROSPACE INC COM HONA	HONA	12,500	$2.8m2.01%	2.01%	New
18	DATADOG INC CL A COM DDOG	DDOG	10,000	$2.6m1.89%	1.89%	Reduced -5.0k	-5,000 -33.3%
19	ARISTA NETWORKS INC COM SHS ANET	ANET	15,000	$2.5m1.85%	1.85%	Unchanged
20	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	25,000	$2.5m1.82%	1.82%	New
21	ISHARES TR US AER DEF ETF ITA	ITA	10,000	$2.4m1.76%	1.76%	Unchanged
22	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	1,000	$2.0m1.45%	1.45%	New
23	TALEN ENERGY CORP COM TLN	TLN	5,000	$1.9m1.40%	1.40%	Unchanged
24	INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT ILPT	ILPT	200,000	$1.8m1.29%	1.29%	Reduced -562.8k	-562,838 -73.8%
25	VISTRA CORP COM VST	VST	10,000	$1.6m1.15%	1.15%	Unchanged
26	NRG ENERGY INC COM NEW NRG	NRG	10,000	$1.5m1.06%	1.06%	Unchanged
27	LEONARDO DRS INC COM DRS	DRS	30,000	$1.3m0.93%	0.93%	Unchanged
28	CONSTELLATION ENERGY CORP COM CEG	CEG	5,000	$1.2m0.90%	0.90%	Unchanged
29	LIGHTPATH TECHNOLOGIES INC COM CL A LPTH	LPTH	75,000	$1.2m0.89%	0.89%	Added +25.0k	+25,000 50.0%
30	MOHAWK INDS INC COM MHK	MHK	10,000	$1.2m0.88%	0.88%	Unchanged
31	AMAZON COM INC COM AMZN	AMZN	5,000	$1.2m0.87%	0.87%	Reduced -5.0k	-5,000 -50.0%
32	CHEWY INC CL A CHWY	CHWY	60,000	$1.2m0.86%	0.86%	New
33	OPORTUN FINL CORP COM OPRT	OPRT	200,000	$1.1m0.83%	0.83%	Added +100.0k	+100,000 100.0%
34	TRIPADVISOR INC COM TRIP	TRIP	80,000	$1.1m0.80%	0.80%	New
35	REAL ASSET ACQUISITION CORP SHS CL A SHS CL A		100,000	$1.1m0.79%	0.79%	New
36	MOOG INC CL A MOG.A	MOG.A	2,500	$1.1m0.77%	0.77%	Added +1.0k	+1,000 66.7%
37	ARHAUS INC COM CL A ARHS	ARHS	125,000	$1.1m0.77%	0.77%	New
38	CREATIVE REALITIES INC COM CREX	CREX	253,363	$1.0m0.76%	0.76%	New
39	NLIGHT INC COM LASR	LASR	15,000	$1.0m0.76%	0.76%	Added +5.0k	+5,000 50.0%
40	INSEEGO CORP COM NEW INSG	INSG	100,000	$1.0m0.75%	0.75%	New
41	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	3,500	$1.0m0.74%	0.74%	Unchanged
42	GAP INC COM GAP	GAP	50,000	$934.0k0.68%	0.68%	New
43	AEROVIRONMENT INC COM AVAV	AVAV	5,000	$825.4k0.60%	0.60%	Added +2.5k	+2,500 100.0%
44	ONDAS INC COM NEW ONDS	ONDS	100,000	$824.0k0.60%	0.60%	Unchanged
45	PETCO HEALTH & WELLNESS CO I COM WOOF	WOOF	275,000	$748.0k0.54%	0.54%	New
46	REAL ASSET ACQUISITION CORP W EXP 04/24/203 W EXP 04/24/203		170,250	$616.3k0.45%	0.45%	New
47	SHUTTERSTOCK INC COM SSTK	SSTK	40,000	$558.0k0.41%	0.41%	New
48	SABLE OFFSHORE CORP COM SHS SOC	SOC	175,000	$539.0k0.39%	0.39%	New
49	KRATOS DEFENSE & SEC SOLUTIO COM NEW KTOS	KTOS	10,000	$498.6k0.36%	0.36%	New
50	FATHOM HOLDINGS INC COM FTHM	FTHM	98,453	$99.4k0.07%	0.07%	Reduced -264.4k	-264,426 -72.9%
51	FTAC EMERALD ACQUISITION COR CLASS A COM FLD	FLD	89,130	$40.4k0.03%	0.03%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
LYFT INC LYFT	LYFT	300,000	$4.0m300.0k shares
NEBIUS GROUP N.V. NBIS	NBIS	30,000	$3.1m30.0k shares
VERTIV HOLDINGS CO VRT	VRT	10,000	$2.5m10.0k shares
CAESARS ENTERTAINMENT INC NE CZR	CZR	80,000	$2.1m80.0k shares
ADVANCED MICRO DEVICES INC AMD	AMD	10,000	$2.0m10.0k shares
ENVIRI CORP		100,000	$2.0m100.0k shares
FREEPORT-MCMORAN INC FCX	FCX	30,000	$1.8m30.0k shares
MICRON TECHNOLOGY INC MU	MU	5,000	$1.7m5.0k shares
CORE SCIENTIFIC INC NEW CORZ	CORZ	100,000	$1.5m100.0k shares
ALPHABET INC GOOG	GOOG	5,000	$1.4m5.0k shares
APPLE INC AAPL	AAPL	5,000	$1.3m5.0k shares
UNITED AIRLS HLDGS INC UAL	UAL	12,500	$1.2m12.5k shares
CHAMPION HOMES INC SKY	SKY	15,000	$1.1m15.0k shares
AMERICAN AIRLS GROUP INC AAL	AAL	100,000	$1.1m100.0k shares
JETBLUE AWYS CORP JBLU	JBLU	200,000	$884.0k200.0k shares
LENNAR CORP LEN	LEN	10,000	$868.4k10.0k shares
JAMES HARDIE INDS PLC JHX	JHX	45,000	$852.3k45.0k shares
BUILDERS FIRSTSOURCE INC BLDR	BLDR	10,000	$823.3k10.0k shares
GREEN BRICK PARTNERS INC GRBK	GRBK	10,000	$644.5k10.0k shares
HOVNANIAN ENTERPRISES INC HOV	HOV	5,000	$554.5k5.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	87,500	$65.3m87.5k shares	Added
ISHARES TR IWM · Put	IWM	Put	60,000	$18.0m60.0k shares	Added
ADVANCED MICRO DEVICES INC AMD · Call	AMD	Call	27,500	$16.0m27.5k shares	New
ASML HOLDING N V ASML · Call	ASML	Call	6,500	$12.9m6.5k shares	New
LAM RESEARCH CORP LRCX · Call	LRCX	Call	20,000	$8.7m20.0k shares	New
BROADCOM INC AVGO · Call	AVGO	Call	20,000	$7.6m20.0k shares	New
MOHAWK INDS INC MHK · Call	MHK	Call	50,000	$6.1m50.0k shares	New
ROBINHOOD MKTS INC HOOD · Call	HOOD	Call	50,000	$5.0m50.0k shares	New
GROUPON INC GRPN · Call	GRPN	Call	37,500	$902.2k37.5k shares	New

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
EAGLE PHARMACEUTICALS INC EGRX · 13G · filed 2025-02-14	EGRX	11.4%		13G	2025-02-14
SPORTSMANS WHSE HLDGS INC SPWH · 13G · filed 2026-08-14	SPWH	7.8%≈ $4.0m	+1.6 pts	13G	2026-08-14