Militia Capital Partners, LP

AUSTIN, TX · CIK 1837496 · 13F filing filed 2026-02-17

SEC-registered investment adviser since 2025 · limited liability company

Assets managed$958.6m
Staff7 · 5 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $958.6m gross assets
Websitemilitiacapital.com
Form ADV · 2026-09-10SEC adviser record

Kindhedge funds
Others nearbyAustin, TX
FamilyMilitia Capital Partners, LP · 2 related pages

As an employer

Offices in1 country
Private fundshedge 1

$526.2m reported value -17.2% vs Q3 2025

184positions

28.3%in top 10

63 new 20 added 100 reduced 44 sold out vs Q3 2025

Options: 12 call positions ($112.9m notional), 27 put positions ($59.6m 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	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	1,200,000	$19.8m3.76%	3.76%	Reduced -231.0k	-231,000 -16.1%
2	AMAZON COM INC COM AMZN	AMZN	84,432	$19.5m3.70%	3.70%	Reduced -28.4k	-28,368 -25.1%
3	GRUPO AEROPORTUARIO DEL CENT SPON ADR OMAB	OMAB	166,092	$18.1m3.43%	3.43%	Reduced -83.0k	-83,046 -33.3%
4	AXOS FINANCIAL INC COM AX	AX	200,000	$17.2m3.28%	3.28%	Reduced -64.0k	-64,000 -24.2%
5	WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT WES	WES	400,000	$15.8m3.00%	3.00%	Reduced -200.0k	-200,000 -33.3%
6	ALPHABET INC CAP STK CL C GOOG	GOOG	49,000	$15.4m2.92%	2.92%	New
7	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	48,696	$14.8m2.81%	2.81%	Reduced -23.3k	-23,304 -32.4%
8	EA SERIES TRUST MILITIA LONG/SHO ORR	ORR	322,000	$11.0m2.09%	2.09%	Added +76.0k	+76,000 30.9%
9	INTERACTIVE BROKERS GROUP IN COM CL A IBKR	IBKR	142,000	$9.1m1.74%	1.74%	Reduced -26.0k	-26,000 -15.5%
10	CORPORACION AMER ARPTS S A COM CAAP	CAAP	322,000	$8.4m1.59%	1.59%	Reduced -161.0k	-161,000 -33.3%
11	MPLX LP COM UNIT REP LTD MPLX	MPLX	134,000	$7.2m1.36%	1.36%	Reduced -67.0k	-67,000 -33.3%
12	GRAVITY CO LTD SPONSORED ADS NE GRVY	GRVY	117,474	$6.8m1.29%	1.29%	Reduced -56.5k	-56,526 -32.5%
13	AFFIRM HLDGS INC COM CL A AFRM	AFRM	87,886	$6.5m1.24%	1.24%	Added +76.7k	+76,686 684.7%
14	FIDELITY WISE ORIGIN BITCOIN SHS FBTC	FBTC	84,600	$6.4m1.23%	1.23%	Added +53.1k	+53,100 168.6%
15	BANCO MACRO SA SPON ADR B BMA	BMA	66,800	$6.0m1.14%	1.14%	Reduced -59.2k	-59,200 -47.0%
16	PARKE BANCORP INC COM PKBK	PKBK	240,000	$6.0m1.14%	1.14%	Reduced -120.0k	-120,000 -33.3%
17	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		184,000	$5.7m1.09%	1.09%	Reduced -86.0k	-86,000 -31.9%
18	DIREXION SHS ETF TR NAS100 EQL WGT QQQE	QQQE	55,600	$5.7m1.08%	1.08%	New
19	FEDERAL AGRIC MTG CORP CL C AGM	AGM	32,000	$5.6m1.07%	1.07%	Reduced -16.0k	-16,000 -33.3%
20	SEA LTD SPONSORD ADS SE	SE	42,800	$5.5m1.04%	1.04%	New
21	CHENIERE ENERGY INC COM NEW LNG	LNG	28,000	$5.4m1.03%	1.03%	Added +15.4k	+15,400 122.2%
22	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	109,180	$5.4m1.03%	1.03%	Reduced -149.7k	-149,690 -57.8%
23	BROOKDALE SR LIVING INC COM BKD	BKD	480,000	$5.2m0.98%	0.98%	Reduced -178.2k	-178,200 -27.1%
24	KLARNA GROUP PLC SHS KLAR	KLAR	176,228	$5.1m0.97%	0.97%	New
25	ELI LILLY & CO COM LLY	LLY	4,580	$4.9m0.94%	0.94%	Reduced -4.7k	-4,720 -50.8%
26	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	120,000	$4.9m0.93%	0.93%	New
27	EVOLV TECHNOLOGIES HLDNGS IN COM CL A EVLV	EVLV	680,000	$4.9m0.93%	0.93%	Reduced -203.6k	-203,563 -23.0%
28	TURNING PT BRANDS INC COM TPB	TPB	44,000	$4.8m0.91%	0.91%	Reduced -7.0k	-7,000 -13.7%
29	MEDPACE HLDGS INC COM MEDP	MEDP	8,400	$4.7m0.90%	0.90%	Reduced -4.2k	-4,200 -33.3%
30	HARROW INC COM HROW	HROW	94,000	$4.6m0.88%	0.88%	New
31	AMERICAN COASTAL INS CORP COM ACIC	ACIC	361,316	$4.6m0.87%	0.87%	Reduced -210.7k	-210,658 -36.8%
32	COASTAL FINL CORP WA COM NEW CCB	CCB	38,000	$4.4m0.83%	0.83%	Added +8.0k	+8,000 26.7%
33	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	37,356	$4.2m0.80%	0.80%	Reduced -18.7k	-18,678 -33.3%
34	MILLICOM INTL CELLULAR S A COM STK TIGO	TIGO	76,000	$4.2m0.80%	0.80%	Reduced -29.0k	-29,000 -27.6%
35	OMEGA HEALTHCARE INVS INC COM OHI	OHI	88,800	$3.9m0.75%	0.75%	Reduced -19.2k	-19,200 -17.8%
36	MOLINA HEALTHCARE INC COM MOH	MOH	22,000	$3.8m0.73%	0.73%	New
37	VENTAS INC COM VTR	VTR	49,300	$3.8m0.73%	0.73%	Added +4.9k	+4,900 11.0%
38	ISHARES TR ISHARES BIOTECH IBB	IBB	21,600	$3.6m0.69%	0.69%	Reduced -27.9k	-27,900 -56.4%
39	HYPERLIQUID STRATEGIES INC COM PURR	PURR	1,002,400	$3.6m0.68%	0.68%	New
40	REGENERON PHARMACEUTICALS COM REGN	REGN	4,600	$3.6m0.67%	0.67%	New
41	UNITY SOFTWARE INC COM U	U	80,000	$3.5m0.67%	0.67%	New
42	WILLDAN GROUP INC COM WLDN	WLDN	34,000	$3.5m0.67%	0.67%	Reduced -11.0k	-11,000 -24.4%
43	SAVERS VALUE VLG INC COM SVV	SVV	375,170	$3.5m0.67%	0.67%	Added +297.5k	+297,470 382.8%
44	DANAHER CORPORATION COM DHR	DHR	14,900	$3.4m0.65%	0.65%	Added +11.5k	+11,500 338.2%
45	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	129,880	$3.4m0.64%	0.64%	Reduced -5.8k	-5,840 -4.3%
46	GOLAR LNG LTD SHS GLNG	GLNG	90,000	$3.3m0.64%	0.64%	Reduced -40.2k	-40,194 -30.9%
47	BLEND LABS INC CL A BLND	BLND	1,100,000	$3.3m0.64%	0.64%	New
48	JD.COM INC SPON ADS CL A JD	JD	115,000	$3.3m0.63%	0.63%	Reduced -57.5k	-57,500 -33.3%
49	CELLEBRITE DI LTD ORDINARY SHARES CLBT	CLBT	180,000	$3.2m0.62%	0.62%	Reduced -90.0k	-90,000 -33.3%
50	SOLENO THERAPEUTICS INC COM SLNO	SLNO	69,980	$3.2m0.62%	0.62%	New
51	PATHWARD FINANCIAL INC COM CASH	CASH	44,358	$3.1m0.60%	0.60%	Reduced -642	-642 -1.4%
52	LIFE TIME GROUP HOLDINGS INC COMMON STOCK LTH	LTH	116,400	$3.1m0.59%	0.59%	Added +23.4k	+23,400 25.2%
53	NATIONAL HEALTH INVS INC COM NHI	NHI	40,200	$3.1m0.58%	0.58%	Added +900	+900 2.3%
54	MAREX GROUP PLC ORD 96665EUR	96665EUR	80,000	$3.1m0.58%	0.58%	Reduced -28.0k	-28,000 -25.9%
55	LINCOLN EDL SVCS CORP COM LINC	LINC	125,916	$3.0m0.58%	0.58%	Reduced -45.9k	-45,858 -26.7%
56	NATIONAL HEALTHCARE CORP COM NHC	NHC	22,000	$3.0m0.57%	0.57%	Added +5.8k	+5,800 35.8%
57	ROBLOX CORP CL A RBLX	RBLX	37,000	$3.0m0.57%	0.57%	New
58	CUSTOMERS BANCORP INC COM CUBI	CUBI	40,000	$2.9m0.56%	0.56%	New
59	TRANSMEDICS GROUP INC COM TMDX	TMDX	24,000	$2.9m0.55%	0.55%	Reduced -15.0k	-15,000 -38.5%
60	NVE CORP COM NEW NVEC	NVEC	48,000	$2.8m0.54%	0.54%	Reduced -18.3k	-18,291 -27.6%
61	TERNIUM SA SPONSORED ADS TX	TX	74,000	$2.8m0.54%	0.54%	Reduced -37.0k	-37,000 -33.3%
62	SEZZLE INC COM SEZL	SEZL	44,086	$2.8m0.53%	0.53%	New
63	HUNTINGTON INGALLS INDS INC COM HII	HII	8,000	$2.7m0.52%	0.52%	Reduced -4.0k	-4,000 -33.3%
64	CSX CORP COM CSX	CSX	74,800	$2.7m0.52%	0.52%	Reduced -14.6k	-14,600 -16.3%
65	NU HLDGS LTD ORD SHS CL A NU	NU	160,000	$2.7m0.51%	0.51%	New
66	CAPITAL BANCORP INC MD COM CBNK	CBNK	94,000	$2.6m0.50%	0.50%	New
67	MERCADOLIBRE INC COM MELI	MELI	1,300	$2.6m0.50%	0.50%	New
68	IMAX CORP COM IMAX	IMAX	70,000	$2.6m0.49%	0.49%	New
69	LEONARDO DRS INC COM DRS	DRS	74,800	$2.5m0.48%	0.48%	Added +23.2k	+23,200 45.0%
70	DIVERSIFIED HEALTHCARE TR COM SH BEN INT DHC	DHC	514,478	$2.5m0.47%	0.47%	Added +18.6k	+18,578 3.8%
71	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	167,000	$2.4m0.46%	0.46%	Reduced -88.0k	-88,000 -34.5%
72	SNAP INC CL A SNAP	SNAP	300,890	$2.4m0.46%	0.46%	Reduced -104.7k	-104,710 -25.8%
73	ETFIS SER TR I VIRTUS LIFESC CT BBC	BBC	62,526	$2.4m0.46%	0.46%	Reduced -98.3k	-98,253 -61.1%
74	NELNET INC CL A NNI	NNI	18,000	$2.4m0.45%	0.45%	New
75	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	30,000	$2.3m0.45%	0.45%	New
76	GITLAB INC CLASS A COM GTLB	GTLB	60,000	$2.3m0.43%	0.43%	Reduced -45.0k	-45,000 -42.9%
77	HDFC BANK LTD SPONSORED ADS HDB	HDB	60,488	$2.2m0.42%	0.42%	Added +18.4k	+18,356 43.6%
78	PROCEPT BIOROBOTICS CORP COM PRCT	PRCT	70,000	$2.2m0.42%	0.42%	New
79	BUMBLE INC COM CL A BMBL	BMBL	605,208	$2.2m0.41%	0.41%	New
80	VISA INC COM CL A V	V	6,000	$2.1m0.40%	0.40%	New
81	NORTHROP GRUMMAN CORP COM NOC	NOC	3,680	$2.1m0.40%	0.40%	Added +1.6k	+1,580 75.2%
82	MARQETA INC CLASS A COM CLASS A COM		439,796	$2.1m0.40%	0.40%	Reduced -216.9k	-216,901 -33.0%
83	SPROUTS FMRS MKT INC COM SFM	SFM	26,000	$2.1m0.39%	0.39%	New
84	FLOOR & DECOR HLDGS INC CL A FND	FND	34,000	$2.1m0.39%	0.39%	New
85	MASTERCARD INCORPORATED CL A MA	MA	3,600	$2.1m0.39%	0.39%	New
86	THERAVANCE BIOPHARMA INC COM 0TB	0TB	108,400	$2.0m0.39%	0.39%	Reduced -54.2k	-54,200 -33.3%
87	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	6,880	$2.0m0.38%	0.38%	Reduced -2.4k	-2,420 -26.0%
88	REDDIT INC CL A RDDT	RDDT	8,600	$2.0m0.38%	0.38%	Reduced -17.2k	-17,200 -66.7%
89	SONIDA SENIOR LIVING INC COM SNDA	SNDA	59,908	$2.0m0.37%	0.37%	Reduced -17.4k	-17,354 -22.5%
90	MODERNA INC COM MRNA	MRNA	66,202	$2.0m0.37%	0.37%	Added +24.6k	+24,550 58.9%
91	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	59,200	$1.9m0.36%	0.36%	Reduced -11.9k	-11,900 -16.7%
92	CUMMINS INC COM CMI	CMI	3,602	$1.8m0.35%	0.35%	Reduced -1.8k	-1,801 -33.3%
93	TWILIO INC CL A TWLO	TWLO	12,900	$1.8m0.35%	0.35%	New
94	LINDBLAD EXPEDITIONS HLDGS I COM LIND	LIND	124,536	$1.8m0.34%	0.34%	Reduced -62.3k	-62,268 -33.3%
95	FINWISE BANCORP COM FINW	FINW	100,000	$1.8m0.34%	0.34%	Reduced -50.0k	-50,000 -33.3%
96	GRUPO AEROPUERTO DEL PACIFIC SPON ADS B PAC	PAC	6,800	$1.8m0.34%	0.34%	Reduced -3.4k	-3,400 -33.3%
97	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	14,000	$1.8m0.34%	0.34%	Added +2.0k	+2,000 16.7%
98	WILLIAMS COS INC COM WMB	WMB	29,400	$1.8m0.34%	0.34%	Reduced -3.6k	-3,600 -10.9%
99	MGIC INVT CORP WIS COM MTG	MTG	60,000	$1.8m0.33%	0.33%	Reduced -30.0k	-30,000 -33.3%
100	TEUCRIUM COMMODITY TR CORN FD SHS CORN	CORN	97,600	$1.7m0.33%	0.33%	New

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
ECOPETROL S A EC	EC	1,500,000	$13.8m1.5m shares
BYRNA TECHNOLOGIES INC BYRN	BYRN	282,000	$6.2m282.0k shares
CHENIERE ENERGY PARTNERS LP CQP	CQP	25,200	$5.9m25.2k shares
GEOPARK LTD GPRK	GPRK	900,000	$5.7m900.0k shares
GENERAC HLDGS INC GNRC	GNRC	30,000	$5.0m30.0k shares
UP FINTECH HLDG LTD TIGR	TIGR	420,000	$4.5m420.0k shares
FLUOR CORP NEW FLR	FLR	105,000	$4.4m105.0k shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	6,000	$4.2m6.0k shares
IVANHOE ELECTRIC INC IE	IE	270,000	$3.4m270.0k shares
UNITED THERAPEUTICS CORP DEL UTHR	UTHR	7,500	$3.1m7.5k shares
OKEANIS ECO TANKERS COR ECO	ECO	105,000	$3.1m105.0k shares
INVESCO EXCH TRADED FD TR II TAN	TAN	67,200	$2.9m67.2k shares
ALBEMARLE CORP ALB	ALB	36,000	$2.9m36.0k shares
POWER SOLUTIONS INTL INC PSIX	PSIX	27,400	$2.7m27.4k shares
NEXTRACKER INC NXT	NXT	34,800	$2.6m34.8k shares
VERSABANK NEW VBNK	VBNK	210,000	$2.6m210.0k shares
EURONET WORLDWIDE INC EEFT	EEFT	27,000	$2.4m27.0k shares
GBANK FINL HLDGS INC GBFH	GBFH	58,491	$2.3m58.5k shares
CATERPILLAR INC CAT	CAT	4,800	$2.3m4.8k shares
COINBASE GLOBAL INC COIN	COIN	6,500	$2.2m6.5k shares
FUTURECREST ACQUISITION CORP FCRS.U	FCRS.U	201,600	$2.1m201.6k shares
WHEELS UP EXPERIENCE INC		1,049,382	$1.9m1.0m shares
LOANDEPOT INC LDI	LDI	582,444	$1.8m582.4k shares
GEO GROUP INC NEW GEO	GEO	85,800	$1.8m85.8k shares
AFFIRM HLDGS INC AFRM 0 11.15.26	AFRM 0 11.15.26	22,400	$1.6m22.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
AFFIRM HLDGS INC AFRM · Call	AFRM	Call	1,111,200	$41.8m1.1m shares	New
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	91,600	$31.6m91.6k shares	Reduced
COINBASE GLOBAL INC COIN · Put	COIN	Put	86,900	$19.7m86.9k shares	New
ISHARES TR EEM · Put	EEM	Put	312,600	$17.1m312.6k shares	Unchanged
ISHARES TR IWM · Call	IWM	Call	120,000	$14.8m120.0k shares	New
KLARNA GROUP PLC KLAR · Call	KLAR	Call	655,200	$9.7m655.2k shares	New
ALIBABA GROUP HLDG LTD BABA · Put	BABA	Put	49,500	$7.3m49.5k shares	Unchanged
FUBOTV INC FUBO · Put	FUBO	Put	150,000	$4.5m150.0k shares	Unchanged
HEWLETT PACKARD ENTERPRISE C HPE · Call	HPE	Call	265,400	$3.2m265.4k shares	New
PAYPAL HLDGS INC PYPL · Call	PYPL	Call	90,000	$2.9m90.0k shares	Reduced
UP FINTECH HLDG LTD TIGR · Call	TIGR	Call	500,000	$2.4m500.0k shares	Reduced
TAIWAN SEMICONDUCTOR MFG LTD TSM · Call	TSM	Call	10,000	$2.3m10.0k shares	Reduced
ISHARES ETHEREUM TR ETHA · Put	ETHA	Put	91,400	$2.1m91.4k shares	New
ADVANCED MICRO DEVICES INC AMD · Call	AMD	Call	13,000	$2.0m13.0k shares	Added
ARBOR REALTY TRUST INC ABR · Put	ABR	Put	225,000	$1.7m225.0k shares	Unchanged
EOS ENERGY ENTERPRISES INC EOSE · Put	EOSE	Put	138,200	$1.6m138.2k shares	Reduced
ISHARES TR FXI · Call	FXI	Call	77,000	$1.5m77.0k shares	New
KOHLS CORP KSS · Put	KSS	Put	60,000	$1.2m60.0k shares	Unchanged
MEDICAL PPTYS TRUST INC MPT · Put	MPT	Put	185,000	$925.0k185.0k shares	Unchanged
ISHARES SILVER TR SLV · Put	SLV	Put	24,000	$787.7k24.0k shares	New
TE CONNECTIVITY PLC TEL · Put	TEL	Put	97,900	$654.0k97.9k shares	Reduced
MODERNA INC MRNA · Call	MRNA	Call	38,800	$645.8k38.8k shares	New
PALANTIR TECHNOLOGIES INC PLTR · Put	PLTR	Put	2,000	$355.5k2.0k shares	Reduced
XEROX HOLDINGS CORP XRX · Put	XRX	Put	130,000	$308.1k130.0k shares	Unchanged
STERLING INFRASTRUCTURE INC STRL · Put	STRL	Put	1,000	$306.2k1.0k shares	Reduced