Militia Capital Management LLC

AUSTIN, TX · CIK 2130487 · 13F filing filed 2026-08-12

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 · largest: Militia Capital Partners, LP

As an employer

Offices in1 country
Private fundshedge 1

$554.5m reported value -58.3% vs Q1 2026

242positions

19.6%in top 10

104 new 4 added 134 reduced 92 sold out vs Q1 2026

Options: 16 call positions ($1.8bn notional), 20 put positions ($1.0bn 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	AMAZON COM INC COM AMZN	AMZN	67,193	$16.0m2.89%	2.89%	Reduced -116.0k	-115,966 -63.3%
2	EA SERIES TRUST MILITIA LONG/SHO ORR	ORR	404,411	$14.7m2.65%	2.65%	Reduced -868.8k	-868,822 -68.2%
3	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	29,623	$14.1m2.55%	2.55%	Reduced -76.3k	-76,346 -72.0%
4	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	600,000	$11.5m2.07%	2.07%	Reduced -1.2m	-1,200,000 -66.7%
5	AXOS FINANCIAL INC COM AX	AX	100,000	$9.7m1.76%	1.76%	Reduced -200.0k	-200,000 -66.7%
6	GRUPO AEROPORTUARIO DEL CENT SPON ADR OMAB	OMAB	82,824	$9.4m1.69%	1.69%	Reduced -171.7k	-171,654 -67.5%
7	WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT WES	WES	200,250	$8.8m1.58%	1.58%	Reduced -400.5k	-400,500 -66.7%
8	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	199,000	$8.5m1.54%	1.54%	Reduced -401.0k	-401,000 -66.8%
9	INTERACTIVE BROKERS GROUP IN COM CL A IBKR	IBKR	91,000	$7.9m1.43%	1.43%	Reduced -182.0k	-182,000 -66.7%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	22,329	$7.9m1.42%	1.42%	Reduced -44.4k	-44,358 -66.5%
11	MODERNA INC COM MRNA	MRNA	108,701	$7.6m1.37%	1.37%	Added +39.7k	+39,698 57.5%
12	AFFIRM HLDGS INC COM CL A AFRM	AFRM	92,502	$7.5m1.36%	1.36%	Reduced -180.2k	-180,204 -66.1%
13	LIFE TIME GROUP HOLDINGS INC COMMON STOCK LTH	LTH	164,400	$6.7m1.21%	1.21%	Reduced -318.9k	-318,900 -66.0%
14	ANTERIS TECHNOLOGIES GLOBAL COM AVR	AVR	670,000	$6.6m1.19%	1.19%	Reduced -1.3m	-1,255,000 -65.2%
15	MILLICOM INTL CELLULAR S A COM STK TIGO	TIGO	70,000	$6.4m1.15%	1.15%	Reduced -119.0k	-119,000 -63.0%
16	NEKTAR THERAPEUTICS COM NEW NKTR	NKTR	90,000	$6.3m1.13%	1.13%	New
17	ADVANCED MICRO DEVICES INC COM AMD	AMD	10,341	$6.0m1.08%	1.08%	Reduced -31.6k	-31,649 -75.4%
18	BROOKDALE SR LIVING INC COM BKD	BKD	372,400	$6.0m1.08%	1.08%	Reduced -575.0k	-575,000 -60.7%
19	HYPERLIQUID STRATEGIES INC COM PURR	PURR	727,387	$5.7m1.03%	1.03%	Reduced -1.2m	-1,231,319 -62.9%
20	APPLOVIN CORP COM CL A APP	APP	11,000	$5.7m1.02%	1.02%	Reduced -10.7k	-10,720 -49.4%
21	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	65,000	$5.6m1.02%	1.02%	Reduced -25.9k	-25,900 -28.5%
22	OWENS CORNING NEW COM OC	OC	35,000	$5.6m1.00%	1.00%	New
23	LINCOLN EDL SVCS CORP COM LINC	LINC	110,731	$5.5m1.00%	1.00%	Reduced -221.5k	-221,462 -66.7%
24	KLARNA GROUP PLC SHS KLAR	KLAR	263,254	$5.3m0.96%	0.96%	Reduced -562.4k	-562,390 -68.1%
25	CYTOKINETICS INC COM NEW CYTK	CYTK	60,000	$5.1m0.92%	0.92%	New
26	RELX PLC SPONSORED ADR RELX	RELX	160,000	$5.1m0.91%	0.91%	New
27	INTER & CO INC CLASS A COM INTR	INTR	900,000	$4.9m0.88%	0.88%	New
28	SOTERA HEALTH CO COM SHC	SHC	270,000	$4.8m0.86%	0.86%	Reduced -541.2k	-541,191 -66.7%
29	ISHARES TR ISHARES BIOTECH IBB	IBB	24,100	$4.6m0.83%	0.83%	Reduced -48.2k	-48,200 -66.7%
30	NOVO-NORDISK A S ADR NVO	NVO	91,600	$4.4m0.79%	0.79%	New
31	PROGYNY INC COM PGNY	PGNY	149,300	$4.3m0.78%	0.78%	New
32	NVIDIA CORPORATION COM NVDA	NVDA	21,388	$4.3m0.77%	0.77%	Reduced -37.2k	-37,226 -63.5%
33	NATIONAL HEALTHCARE CORP COM NHC	NHC	20,100	$4.2m0.77%	0.77%	Reduced -33.0k	-33,000 -62.1%
34	UBER TECHNOLOGIES INC COM UBER	UBER	58,350	$4.2m0.76%	0.76%	New
35	MASTERCARD INCORPORATED CL A MA	MA	8,100	$4.2m0.75%	0.75%	Reduced -2.7k	-2,700 -25.0%
36	CORPORACION AMER ARPTS S A COM CAAP	CAAP	161,000	$4.1m0.73%	0.73%	Reduced -322.0k	-322,000 -66.7%
37	SAVERS VALUE VLG INC COM SVV	SVV	400,000	$4.0m0.73%	0.73%	Reduced -752.5k	-752,471 -65.3%
38	GRAVITY CO LTD SPONSORED ADS NE GRVY	GRVY	59,973	$4.0m0.73%	0.73%	Reduced -125.4k	-125,427 -67.7%
39	OKEANIS ECO TANKERS COR SHS ECO	ECO	80,000	$4.0m0.72%	0.72%	Reduced -130.0k	-130,000 -61.9%
40	PARKE BANCORP INC COM PKBK	PKBK	120,000	$4.0m0.72%	0.72%	Reduced -240.0k	-240,000 -66.7%
41	EPAM SYS INC COM EPAM	EPAM	49,923	$4.0m0.71%	0.71%	New
42	BLACKROCK INC COM BLK	BLK	4,100	$3.9m0.71%	0.71%	New
43	PERSONALIS INC COM PSNL	PSNL	291,881	$3.9m0.71%	0.71%	New
44	MPLX LP COM UNIT REP LTD MPLX	MPLX	67,000	$3.8m0.68%	0.68%	Reduced -134.0k	-134,000 -66.7%
45	REVOLUTION MEDICINES INC COM RVMD	RVMD	20,000	$3.7m0.68%	0.68%	New
46	INSMED INC COM PAR $.01 INSM	INSM	35,100	$3.7m0.67%	0.67%	New
47	DUCOMMUN INC DEL COM DCO	DCO	20,000	$3.7m0.67%	0.67%	New
48	M/I HOMES INC COM MHO	MHO	23,000	$3.7m0.67%	0.67%	Reduced -46.0k	-46,000 -66.7%
49	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		108,600	$3.7m0.66%	0.66%	Reduced -239.7k	-239,700 -68.8%
50	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	117,639	$3.6m0.65%	0.65%	Reduced -272.4k	-272,361 -69.8%
51	SOLSTICE ADVANCED MATLS INC COM SHS SOLS	SOLS	40,000	$3.5m0.64%	0.64%	New
52	COASTAL FINL CORP WA COM NEW CCB	CCB	45,000	$3.5m0.63%	0.63%	Reduced -100.7k	-100,677 -69.1%
53	AEROVIRONMENT INC COM AVAV	AVAV	21,060	$3.5m0.63%	0.63%	Added +18.8k	+18,780 823.7%
54	LINDBLAD EXPEDITIONS HLDGS I COM LIND	LIND	122,568	$3.5m0.62%	0.62%	Reduced -162.3k	-162,336 -57.0%
55	OSCAR HEALTH INC CL A OSCR	OSCR	120,800	$3.4m0.62%	0.62%	New
56	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	10,052	$3.4m0.61%	0.61%	New
57	VISA INC COM CL A V	V	9,903	$3.4m0.61%	0.61%	Reduced -14.3k	-14,316 -59.1%
58	CSX CORP COM CSX	CSX	69,700	$3.3m0.60%	0.60%	Reduced -139.4k	-139,400 -66.7%
59	BANCO MACRO SA SPON ADR B BMA	BMA	35,700	$3.3m0.60%	0.60%	Reduced -78.0k	-78,000 -68.6%
60	MNTN INC CL A MNTN	MNTN	350,000	$3.2m0.58%	0.58%	Reduced -446.4k	-446,361 -56.0%
61	FEDERAL AGRIC MTG CORP CL C AGM	AGM	16,000	$3.2m0.58%	0.58%	Reduced -24.0k	-24,000 -60.0%
62	GLOBANT S A COM GLOB	GLOB	110,000	$3.2m0.57%	0.57%	New
63	ILLUMINA INC COM ILMN	ILMN	18,100	$3.2m0.57%	0.57%	New
64	CUSTOMERS BANCORP INC COM CUBI	CUBI	40,000	$3.2m0.57%	0.57%	Added +2.6k	+2,605 7.0%
65	SNAP INC CL A SNAP	SNAP	700,000	$3.1m0.56%	0.56%	Reduced -608.6k	-608,598 -46.5%
66	COOPER COS INC COM COO	COO	42,600	$3.1m0.55%	0.55%	New
67	SAIA INC COM SAIA	SAIA	7,120	$3.0m0.54%	0.54%	Reduced -11.1k	-11,060 -60.8%
68	CARIS LIFE SCIENCES INC COM CAI	CAI	166,600	$3.0m0.54%	0.54%	New
69	GEO GROUP INC NEW COM GEO	GEO	97,600	$2.9m0.52%	0.52%	Reduced -551.0k	-551,000 -85.0%
70	CBOE GLOBAL MKTS INC COM CBOE	CBOE	11,840	$2.9m0.52%	0.52%	New
71	ELI LILLY & CO COM LLY	LLY	2,394	$2.9m0.52%	0.52%	New
72	SPROTT INC COM NEW SII	SII	25,200	$2.8m0.51%	0.51%	New
73	NVE CORP COM NEW NVEC	NVEC	26,000	$2.7m0.49%	0.49%	Reduced -46.0k	-46,000 -63.9%
74	SHARKNINJA INC COM SHS SN	SN	17,763	$2.7m0.49%	0.49%	New
75	VIRTU FINL INC CL A VIRT	VIRT	45,100	$2.7m0.48%	0.48%	Added +6.7k	+6,700 17.4%
76	ACADIA HEALTHCARE COMPANY IN COM ACHC	ACHC	89,600	$2.6m0.48%	0.48%	Reduced -274.9k	-274,900 -75.4%
77	ICF INTL INC COM ICFI	ICFI	36,000	$2.6m0.47%	0.47%	New
78	LOCKHEED MARTIN CORP COM LMT	LMT	5,000	$2.5m0.46%	0.46%	New
79	ROBERT HALF INC. COM RHI	RHI	81,807	$2.5m0.45%	0.45%	Reduced -195.0k	-194,967 -70.4%
80	WISDOMTREE INC COM WT	WT	147,632	$2.5m0.45%	0.45%	New
81	OFG BANCORP COM OFG	OFG	50,951	$2.5m0.45%	0.45%	New
82	REGENERON PHARMACEUTICALS COM REGN	REGN	4,000	$2.5m0.45%	0.45%	Reduced -5.0k	-5,000 -55.6%
83	3-D SYS CORP DEL COM NEW DDD	DDD	825,546	$2.5m0.45%	0.45%	New
84	KINDER MORGAN INC DEL COM KMI	KMI	76,200	$2.4m0.44%	0.44%	Reduced -182.4k	-182,400 -70.5%
85	ETFIS SER TR I VIRTUS LIFESC CT BBC	BBC	45,663	$2.4m0.43%	0.43%	Reduced -91.3k	-91,326 -66.7%
86	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	8,220	$2.4m0.43%	0.43%	Reduced -5.1k	-5,100 -38.3%
87	NATIONAL HEALTH INVS INC COM NHI	NHI	30,400	$2.3m0.42%	0.42%	Reduced -60.8k	-60,800 -66.7%
88	LEONARDO DRS INC COM DRS	DRS	52,300	$2.2m0.40%	0.40%	Reduced -104.6k	-104,600 -66.7%
89	OPTION CARE HEALTH INC COM NEW OPCH	OPCH	103,543	$2.2m0.39%	0.39%	New
90	MEDPACE HLDGS INC COM MEDP	MEDP	4,000	$2.1m0.38%	0.38%	Reduced -17.2k	-17,174 -81.1%
91	TREKOR METALS LTD COM TGB	TGB	306,100	$2.1m0.38%	0.38%	New
92	ENSIGN GROUP INC COM ENSG	ENSG	13,100	$2.1m0.38%	0.38%	New
93	INTEL CORP COM INTC	INTC	15,000	$2.1m0.38%	0.38%	Reduced -119.9k	-119,900 -88.9%
94	FIRST BANCORP P R COM NEW FBP	FBP	80,000	$2.1m0.38%	0.38%	New
95	GREENFIRE RES LTD NEW COM SHS GFR	GFR	362,100	$2.0m0.37%	0.37%	Reduced -414.9k	-414,900 -53.4%
96	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	13,100	$2.0m0.37%	0.37%	Reduced -53.2k	-53,200 -80.2%
97	BBB FOODS INC CL A COM TBBB	TBBB	49,011	$2.0m0.37%	0.37%	Reduced -98.0k	-98,022 -66.7%
98	ALKERMES PLC SHS ALKS	ALKS	38,618	$2.0m0.36%	0.36%	Reduced -57.1k	-57,136 -59.7%
99	STATE STR CORP COM STT	STT	11,900	$2.0m0.36%	0.36%	New
100	SONIDA SENIOR LIVING INC COM SNDA	SNDA	48,654	$2.0m0.36%	0.36%	Reduced -4.9k	-4,908 -9.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ISHARES BITCOIN TRUST ETF IBIT	IBIT	764,814	$29.4m764.8k shares
ADOBE INC ADBE	ADBE	44,160	$10.7m44.2k shares
FACTSET RESH SYS INC FDS	FDS	48,678	$10.6m48.7k shares
TURNING PT BRANDS INC TPB	TPB	120,000	$10.4m120.0k shares
CHENIERE ENERGY INC LNG	LNG	36,000	$10.2m36.0k shares
ISHARES TR FXI	FXI	257,700	$9.3m257.7k shares
ISHARES ETHEREUM TR ETHA	ETHA	580,243	$9.2m580.2k shares
IQVIA HLDGS INC IQV	IQV	51,000	$8.7m51.0k shares
WILLIAMS COS INC WMB	WMB	115,167	$8.4m115.2k shares
TEUCRIUM COMMODITY TR CORN	CORN	454,722	$8.4m454.7k shares
ISHARES TR EIDO	EIDO	492,834	$7.8m492.8k shares
ROBLOX CORP RBLX	RBLX	137,400	$7.8m137.4k shares
CME GROUP INC CME	CME	25,980	$7.7m26.0k shares
ICON PLC ICLR	ICLR	68,400	$7.6m68.4k shares
NOKIA CORP NOK	NOK	900,000	$7.2m900.0k shares
SEMTECH CORP SMTC	SMTC	90,000	$6.9m90.0k shares
BARCLAYS PLC BCS	BCS	300,000	$6.3m300.0k shares
FLUOR CORP NEW FLR	FLR	134,700	$6.3m134.7k shares
STEEL DYNAMICS INC STLD	STLD	34,569	$6.2m34.6k shares
FIVE9 INC FIVN	FIVN	395,521	$6.0m395.5k shares
TRANSMEDICS GROUP INC TMDX	TMDX	58,600	$5.8m58.6k shares
ABIVAX SA ABVX	ABVX	51,000	$5.7m51.0k shares
TEUCRIUM COMMODITY TR WEAT	WEAT	234,600	$5.5m234.6k shares
CAVCO INDS INC DEL CVCO	CVCO	11,220	$5.4m11.2k shares
TASEKO MINES LTD		811,500	$5.2m811.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Call	QQQ	Call	1,717,400	$1.3bn1.7m shares	New
COINBASE GLOBAL INC COIN · Put	COIN	Put	3,598,400	$526.1m3.6m shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	308,200	$227.0m308.2k shares	New
BLACKROCK INC BLK · Call	BLK	Call	211,700	$203.6m211.7k shares	New
TESLA INC TSLA · Put	TSLA	Put	435,300	$183.1m435.3k shares	Reduced
ALPHABET INC GOOG · Call	GOOG	Call	235,200	$83.1m235.2k shares	New
MICROSOFT CORP MSFT · Call	MSFT	Call	190,000	$70.9m190.0k shares	New
INTERNATIONAL BUSINESS MACHS IBM · Call	IBM	Call	147,600	$41.5m147.6k shares	New
AFFIRM HLDGS INC AFRM · Call	AFRM	Call	353,400	$28.8m353.4k shares	New
BOEING CO BA · Call	BA	Call	113,000	$24.5m113.0k shares	Reduced
SPDR GOLD TR GLD · Call	GLD	Call	60,000	$22.1m60.0k shares	New
AMAZON COM INC AMZN · Call	AMZN	Call	90,000	$21.5m90.0k shares	New
ISHARES TR EEM · Put	EEM	Put	312,600	$21.4m312.6k shares	Reduced
ELI LILLY & CO LLY · Call	LLY	Call	12,800	$15.4m12.8k shares	New
NVIDIA CORPORATION NVDA · Call	NVDA	Call	60,000	$12.0m60.0k shares	Reduced
CASEYS GEN STORES INC CASY · Put	CASY	Put	15,000	$11.9m15.0k shares	New
MODERNA INC MRNA · Call	MRNA	Call	148,500	$10.4m148.5k shares	New
AST SPACEMOBILE INC ASTS · Put	ASTS	Put	105,700	$9.4m105.7k shares	New
HCA HEALTHCARE INC HCA · Put	HCA	Put	21,800	$8.5m21.8k shares	Reduced
SNAP INC SNAP · Call	SNAP	Call	1,700,000	$7.5m1.7m shares	New
SELECT SECTOR SPDR TR XLP · Call	XLP	Call	70,000	$5.8m70.0k shares	New
ALIBABA GROUP HLDG LTD BABA · Put	BABA	Put	49,500	$4.8m49.5k shares	Reduced
OMNICOM GROUP INC OMC · Put	OMC	Put	50,100	$3.6m50.1k shares	Reduced
BARRICK MNG CORP B · Put	B	Put	50,000	$2.1m50.0k shares	Reduced
RACKSPACE TECHNOLOGY INC RXT · Put	RXT	Put	200,000	$1.3m200.0k shares	Reduced