Kultura Capital Management LP

PARK CITY, UT · CIK 2064545 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2025 · limited partnership

Assets managed$244.7m
Staff12 · 5 in investment roles
Main clients (by assets)Private funds 100%
Private funds2 (2 hedge) · $244.7m gross assets
Websitekulturacap.com
Form ADV · 2026-05-06SEC adviser record

Legal entityKULTURA CAPITAL MANAGEMENT LP (US)

Kindhedge funds
Others nearbyPark City, UT

As an employer

Offices in1 country
Private fundshedge 2

$217.8m reported value +98.7% vs Q1 2026

31positions

61.8%in top 10

13 new 6 added 8 reduced 7 sold out vs Q1 2026

Options: 29 call positions ($178.0m notional), 6 put positions ($157.6m 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	INTEL CORP COM INTC	INTC	206,750	$28.9m13.25%	13.25%	Added +126.5k	+126,550 157.8%
2	APPLIED MATLS INC COM AMAT	AMAT	23,200	$16.8m7.70%	7.70%	New
3	SANDISK CORP COM SNDK	SNDK	6,180	$14.1m6.45%	6.45%	New
4	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	24,790	$11.8m5.43%	5.43%	Reduced -5.6k	-5,590 -18.4%
5	COHU INC COM COHU	COHU	157,357	$11.6m5.34%	5.34%	New
6	AEHR TEST SYS COM AEHR	AEHR	117,865	$11.3m5.20%	5.20%	Added +37.7k	+37,665 47.0%
7	MICRON TECHNOLOGY INC COM MU	MU	9,500	$11.0m5.03%	5.03%	Reduced -850	-850 -8.2%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	29,255	$10.5m4.80%	4.80%	Reduced -21.9k	-21,945 -42.9%
9	NVIDIA CORPORATION COM NVDA	NVDA	48,935	$9.8m4.49%	4.49%	Added +1.1k	+1,135 2.4%
10	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	11,640	$8.9m4.08%	4.08%	Unchanged
11	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	4,200	$8.4m3.84%	3.84%	Reduced -1.6k	-1,640 -28.1%
12	APPLIED OPTOELECTRONICS INC COM AAOI	AAOI	53,345	$7.9m3.63%	3.63%	Added +16.7k	+16,745 45.8%
13	PALO ALTO NETWORKS INC COM PANW	PANW	22,982	$7.8m3.60%	3.60%	New
14	BLOOM ENERGY CORP COM CL A BE	BE	20,750	$6.3m2.88%	2.88%	Added +2.4k	+2,400 13.1%
15	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	58,900	$5.9m2.71%	2.71%	Reduced -30.0k	-30,000 -33.8%
16	ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS ASX	ASX	127,900	$5.8m2.65%	2.65%	New
17	LAM RESEARCH CORP COM NEW LRCX	LRCX	12,880	$5.6m2.56%	2.56%	New
18	LUMENTUM HLDGS INC COM LITE	LITE	6,435	$5.5m2.53%	2.53%	Reduced -1.7k	-1,665 -20.6%
19	REDDIT INC CL A RDDT	RDDT	30,200	$5.2m2.41%	2.41%	New
20	ACM RESH INC COM CL A ACMR	ACMR	37,725	$4.8m2.20%	2.20%	New
21	NOKIA CORP SPONSORED ADR NOK	NOK	337,585	$4.5m2.06%	2.06%	New
22	VICOR CORP COM VICR	VICR	11,255	$4.3m1.96%	1.96%	New
23	APPLOVIN CORP COM CL A APP	APP	7,560	$3.9m1.79%	1.79%	Reduced -6.3k	-6,300 -45.5%
24	HYPERLIQUID STRATEGIES INC COM PURR	PURR	361,500	$2.8m1.31%	1.31%	Added +56.2k	+56,200 18.4%
25	TOWER SEMICONDUCTOR LTD SHS NEW TSEM	TSEM	6,300	$1.6m0.75%	0.75%	Reduced -28.5k	-28,500 -81.9%
26	CEREBRAS SYSTEMS INC COM CL A CBRS	CBRS	5,700	$1.3m0.58%	0.58%	New
27	NAVITAS SEMICONDUCTOR CORP COM NVTS	NVTS	68,765	$1.2m0.57%	0.57%	New
28	HINGE HEALTH INC CL A HNGE	HNGE	5,000	$415.0k0.19%	0.19%	New
29	OPENDOOR TECHNOLOGIES INC *W EXP 11/20/202 OPENW	OPENW	16,333	$8.1k0.00%	0.00%	Unchanged
30	OPENDOOR TECHNOLOGIES INC *W EXP 11/20/202 OPENL	OPENL	16,333	$4.6k0.00%	0.00%	Unchanged
31	OPENDOOR TECHNOLOGIES INC *W EXP 11/20/202 OPENZ	OPENZ	16,333	$3.9k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
META PLATFORMS INC META	META	13,250	$7.6m13.2k shares
CIENA CORP CIEN	CIEN	12,300	$4.8m12.3k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	26,500	$3.9m26.5k shares
BABCOCK & WILCOX ENTERPRISES BW	BW	198,900	$2.9m198.9k shares
POET TECHNOLOGIES INC POET	POET	326,300	$1.9m326.3k shares
SAMSARA INC IOT	IOT	54,400	$1.7m54.4k shares
CIRCLE INTERNET GROUP INC CRCL	CRCL	2,300	$219.4k2.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	112,600	$82.9m112.6k shares	Added
VANECK ETF TRUST SMH · Put	SMH	Put	54,000	$35.4m54.0k shares	New
MICROSOFT CORP MSFT · Call	MSFT	Call	54,100	$20.2m54.1k shares	Added
BROADCOM INC AVGO · Call	AVGO	Call	48,500	$18.3m48.5k shares	New
NOKIA CORP NOK · Call	NOK	Call	1,284,600	$17.1m1.3m shares	New
SUPER MICRO COMPUTER INC SMCI · Put	SMCI	Put	509,900	$15.0m509.9k shares	Unchanged
ROUNDHILL ETF TRUST DRAM · Put	DRAM	Put	193,100	$14.3m193.1k shares	New
EQT CORP EQT · Call	EQT	Call	198,900	$10.6m198.9k shares	New
KRANESHARES TRUST KWEB · Call	KWEB	Call	402,600	$9.9m402.6k shares	New
MICROSTRATEGY INC MSTR · Put	MSTR	Put	107,500	$9.3m107.5k shares	New
INTEL CORP INTC · Call	INTC	Call	66,000	$9.2m66.0k shares	Reduced
KIMBERLY-CLARK CORP KMB · Call	KMB	Call	76,600	$8.4m76.6k shares	New
INTUIT INTU · Call	INTU	Call	27,300	$7.1m27.3k shares	New
HOME DEPOT INC HD · Call	HD	Call	18,400	$6.5m18.4k shares	New
ROUNDHILL ETF TRUST DRAM · Call	DRAM	Call	87,000	$6.4m87.0k shares	New
GENERAL MTRS CO GM · Call	GM	Call	82,200	$6.3m82.2k shares	New
SPACE EXPLORATION TECHN CORP SPCX · Call	SPCX	Call	31,000	$5.3m31.0k shares	New
PALANTIR TECHNOLOGIES INC PLTR · Call	PLTR	Call	43,800	$5.1m43.8k shares	New
NEBIUS GROUP N.V. NBIS · Call	NBIS	Call	18,400	$5.1m18.4k shares	Added
ADVANCED MICRO DEVICES INC AMD · Call	AMD	Call	7,500	$4.4m7.5k shares	New
PROPETRO HLDG CORP PUMP · Call	PUMP	Call	303,000	$4.3m303.0k shares	New
BOX INC BOX · Call	BOX	Call	158,500	$4.2m158.5k shares	New
FREEPORT-MCMORAN INC FCX · Call	FCX	Call	65,000	$4.1m65.0k shares	New
DELL TECHNOLOGIES INC DELL · Call	DELL	Call	8,500	$3.7m8.5k shares	New
TERADYNE INC TER · Call	TER	Call	6,700	$3.2m6.7k shares	New