FLAX POND CAPITAL, LLC

MERION STATION, PA · CIK 2106996 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2023 · limited liability company

Assets managed$222.3m
Staff2 · 1 in investment roles
Main clients (by assets)High net worth individuals 75%, Individuals 25%
Websiteflaxpondcapital.com
Form ADV · 2026-01-30SEC adviser record

$270.2m reported value +117.4% vs Q1 2026

59positions

45.4%in top 10

7 new 49 added 0 reduced 10 sold out vs Q1 2026

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	SPDR GOLD TR GOLD SHS GLD	GLD	62,914	$25.1m9.30%	9.30%	Added +31.6k	+31,557 100.6%
2	MURPHY OIL CORP COM MUR	MUR	375,212	$13.8m5.12%	5.12%	Added +188.0k	+187,956 100.4%
3	EAGLE POINT INCOME COMPANY I COM EIC	EIC	1,306,307	$12.8m4.73%	4.73%	Added +703.3k	+703,288 116.6%
4	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	1,065,468	$11.9m4.40%	4.40%	Added +482.4k	+482,384 82.7%
5	DRIVEN BRANDS HLDGS INC COM DRVN	DRVN	891,790	$11.8m4.38%	4.38%	Added +461.8k	+461,770 107.4%
6	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	285,026	$10.4m3.83%	3.83%	Added +149.2k	+149,233 109.9%
7	UNIQURE NV SHS QURE	QURE	324,757	$10.0m3.69%	3.69%	Added +172.7k	+172,726 113.6%
8	AMERICOLD REALTY TRUST INC COM COLD	COLD	710,826	$9.7m3.58%	3.58%	Added +355.4k	+355,413 100.0%
9	BARRICK MNG CORP COM SHS B	B	222,586	$8.6m3.19%	3.19%	Added +114.6k	+114,643 106.2%
10	NEXPOINT RESIDENTIAL TR INC COM NXRT	NXRT	324,857	$8.6m3.18%	3.18%	Added +163.0k	+162,964 100.7%
11	NEWMONT CORP COM NEM	NEM	84,805	$8.5m3.16%	3.16%	Added +43.2k	+43,175 103.7%
12	ROYAL GOLD INC COM RGLD	RGLD	37,050	$8.4m3.11%	3.11%	Added +18.7k	+18,710 102.0%
13	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	166,010	$8.4m3.11%	3.11%	Added +108.5k	+108,550 188.9%
14	ANGI INC CL A NEW ANGI	ANGI	1,225,053	$7.8m2.88%	2.88%	Added +739.8k	+739,763 152.4%
15	BCE INC COM NEW BCE	BCE	284,305	$6.8m2.53%	2.53%	Added +87.7k	+87,736 44.6%
16	EDAP TMS S A SPONSORED ADR FOCL	FOCL	1,525,676	$6.8m2.50%	2.50%	Added +742.2k	+742,230 94.7%
17	COMSTOCK INC COM SHS LODE	LODE	1,871,105	$6.7m2.49%	2.49%	Added +1.0m	+1,021,317 120.2%
18	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	82,608	$6.6m2.45%	2.45%	Added +41.8k	+41,784 102.3%
19	GEOPARK LTD USD SHS GPRK	GPRK	595,116	$5.6m2.06%	2.06%	Added +242.3k	+242,283 68.7%
20	SABA CAPITAL INCOME & OPRNT SHS NEW BRW	BRW	811,572	$5.4m2.00%	2.00%	Added +405.8k	+405,786 100.0%
21	DIMENSIONAL ETF TRUST WORLD EX US CORE DFAX	DFAX	147,718	$5.2m1.94%	1.94%	Added +79.3k	+79,254 115.8%
22	SABA CAPITAL INCOME & OPPORT COM NEW SABA	SABA	613,004	$5.1m1.89%	1.89%	Added +313.7k	+313,691 104.8%
23	LIMONEIRA CO COM LMNR	LMNR	355,140	$4.7m1.74%	1.74%	Added +184.0k	+184,008 107.5%
24	IAC INC COM NEW PPLI	PPLI	102,210	$4.4m1.63%	1.63%	Added +51.1k	+51,105 100.0%
25	VERMILION ENERGY INC COM VET	VET	372,485	$4.1m1.52%	1.52%	Added +234.8k	+234,785 170.5%
26	STRUCTURE THERAPEUTICS INC SPONSORED ADS GPCR	GPCR	73,000	$3.7m1.38%	1.38%	Added +37.0k	+37,000 102.8%
27	WEYERHAEUSER CO MTN BE COM NEW WY	WY	140,420	$3.4m1.26%	1.26%	Added +70.0k	+69,970 99.3%
28	NURIX THERAPEUTICS INC COM NRIX	NRIX	162,600	$3.2m1.19%	1.19%	Added +82.4k	+82,400 102.7%
29	ULTRAGENYX PHARMACEUTICAL IN COM RARE	RARE	114,776	$3.1m1.15%	1.15%	Added +58.1k	+58,138 102.7%
30	IDEAYA BIOSCIENCES INC COM IDYA	IDYA	81,744	$2.9m1.07%	1.07%	Added +42.5k	+42,502 108.3%
31	KRANESHARES TRUST CSI CHI INTERNET KWEB	KWEB	115,133	$2.8m1.04%	1.04%	New
32	GENESIS ENERGY L P UNIT LTD PARTN GEL	GEL	170,464	$2.7m1.01%	1.01%	Added +85.2k	+85,232 100.0%
33	GLOBAL PMTS INC COM GPN	GPN	34,595	$2.4m0.90%	0.90%	Added +19.3k	+19,325 126.6%
34	JD.COM INC SPON ADS CL A JD	JD	85,634	$2.4m0.87%	0.87%	Added +43.2k	+43,242 102.0%
35	REVOLUTION MEDICINES INC COM RVMD	RVMD	16,266	$2.3m0.85%	0.85%	Added +8.3k	+8,333 105.0%
36	ORGANOGENESIS HLDGS INC COM ORGO	ORGO	842,682	$2.0m0.75%	0.75%	Added +422.6k	+422,591 100.6%
37	KYNDRYL HLDGS INC COMMON STOCK KD	KD	173,820	$2.0m0.73%	0.73%	Added +172.8k	+172,820 17282.0%
38	NOMAD FOODS LTD USD ORD SHS NOMD	NOMD	164,600	$1.7m0.63%	0.63%	Added +84.3k	+84,300 105.0%
39	BICYCLE THERAPEUTICS PLC SPONSORED ADS BCYC	BCYC	376,222	$1.7m0.62%	0.62%	Added +200.1k	+200,086 113.6%
40	COMCAST CORP NEW CL A CMCSA	CMCSA	66,260	$1.6m0.60%	0.60%	New
41	JAMES RIV GROUP HOLDINGS INC COM SHS JRVR	JRVR	328,574	$1.5m0.56%	0.56%	Added +314.4k	+314,374 2213.9%
42	FIVE POINT HOLDINGS LLC COM CL A FPH	FPH	290,937	$1.5m0.54%	0.54%	Added +149.2k	+149,230 105.3%
43	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	21,184	$1.4m0.52%	0.52%	Added +10.7k	+10,742 102.9%
44	PLANET FITNESS INC CL A PLNT	PLNT	25,722	$1.3m0.50%	0.50%	New
45	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	62,700	$1.2m0.45%	0.45%	Added +35.7k	+35,700 132.2%
46	NEW MTN FIN CORP COM NMFC	NMFC	156,299	$1.1m0.41%	0.41%	New
47	ASA GOLD AND PRECIOUS MTLS L SHS ASA	ASA	19,008	$1.1m0.40%	0.40%	Added +9.5k	+9,504 100.0%
48	COMPASS PATHWAYS PLC SPONSORED ADS CMPS	CMPS	109,182	$1.0m0.39%	0.39%	Added +56.6k	+56,616 107.7%
49	PTC THERAPEUTICS INC COM PTCT	PTCT	12,000	$898.2k0.33%	0.33%	Added +6.0k	+6,000 100.0%
50	EXXON MOBIL CORP COM XOM	XOM	4,634	$786.2k0.29%	0.29%	Unchanged
51	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	4,634	$633.6k0.23%	0.23%	New
52	GENERAL MLS INC COM GIS	GIS	14,320	$498.3k0.18%	0.18%	New
53	CADIZ INC COM NEW CDZI	CDZI	105,630	$480.8k0.18%	0.18%	Added +51.8k	+51,815 96.3%
54	ENCORE ENERGY CORP COM NEW EU	EU	268,483	$396.9k0.15%	0.15%	Added +216.2k	+216,191 413.4%
55	TERRESTRIAL ENERGY INC COM SHS IMSR	IMSR	37,000	$239.4k0.09%	0.09%	Added +21.0k	+21,000 131.2%
56	T-MOBILE US INC COM TMUS	TMUS	1,409	$236.3k0.09%	0.09%	New
57	BRANDYWINEGBL GBL INCM OPP F COM BWG	BWG	30,000	$234.2k0.09%	0.09%	Added +15.0k	+15,000 100.0%
58	JOHNSON & JOHNSON COM JNJ	JNJ	872	$213.2k0.08%	0.08%	Unchanged
59	ISHARES TR MSCI INDONIA ETF EIDO	EIDO	10,000	$157.9k0.06%	0.06%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
TWIST BIOSCIENCE CORP TWST	TWST	1,600	$76.0k1.6k shares
FORWARD AIR CORP FWRD	FWRD	3,000	$50.1k3.0k shares
PINTEREST INC		1,800	$33.0k1.8k shares
UR-ENERGY INC URG	URG	15,000	$22.4k15.0k shares
NEXGEL INC		20,000	$12.7k20.0k shares
ALIBABA GROUP HLDG LTD BABA	BABA	100	$12.5k100 shares
HUDSON PAC PPTYS INC		1,429	$8.4k1.4k shares
PURECYCLE TECHNOLOGIES INC PCT	PCT	1,000	$5.2k1.0k shares
SIGMA LITHIUM CORPORATION SGML	SGML	100	$1.2k100 shares
ARVINAS INC ARVN	ARVN	100	$1.1k100 shares