Sandia Investment Management LP Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$40.1M

Holdings

128

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (128 positions)

#	Stock	Shares	Value	% Portfolio
1	HYACHAYMAKER ACQUISITION CORP IV	349,987	$4.0M	9.93%
2	BEAGBOLD EAGLE ACQUISITION CORP	117,662	$1.2M	3.10%
3	RGSREGIS CORPORATION	32,936	$913K	2.28%
4	RGRSTURM RUGER & CO INC	26,485	$864K	2.15%
5	LGNLEGENCE CORP	19,850	$854K	2.13%
6	MDLNMEDLINE INC	20,000	$840K	2.09%
7	ALHALLIANCE LAUNDRY HLDGS INC	39,522	$804K	2.00%
8	WBIWATERBRIDGE INFRASTRUCTURE L	40,000	$800K	1.99%
9	—SILICON VY ACQUISITION CORP	75,000	$745K	1.86%
10	NTSKNETSKOPE INC	40,000	$701K	1.75%
11	CAICARIS LIFE SCIENCES INC	23,600	$636K	1.59%
12	GTENGORES HLDGS X INC	61,632	$631K	1.57%
13	APACSTONEBRIDGE ACQUISITION II C	60,000	$602K	1.50%
14	MIAXMIAMI INTL HLDGS INC	13,000	$576K	1.44%
15	DRDBROMAN DBDR ACQUISITION CORP	50,038	$521K	1.30%
16	ULSUL SOLUTIONS INC	6,535	$515K	1.28%
17	LOBLIVE OAK ACQUISITION CORP V	50,000	$515K	1.28%
18	CEPFCANTOR EQUITY PARTNERS V INC	50,000	$512K	1.28%
19	AIIAAI INFRASTRUCTURE ACQUISI	50,000	$509K	1.27%
20	MBVIM3-BRIGADE ACQUISITION VI CO	50,000	$506K	1.26%
21	VCICVINE HILL CAP INVTS CORP II	50,000	$501K	1.25%
22	HCACHALL CHADWICK ACQUISITION CO	50,000	$501K	1.25%
23	BLRKBLUEROCK ACQUISITION CORP	50,000	$500K	1.25%
24	BIXIBITCOIN INFRASTRUCTURE ACQUI	50,000	$498K	1.24%
25	ITHAITHAX ACQUISITION CORP III	50,000	$498K	1.24%
26	BEBETGE VALUE CREATIVE SOLUTIONS	50,000	$497K	1.24%
27	VIAVIA TRANSN INC	17,048	$494K	1.23%
28	IGACINVEST GREEN ACQUISITION COR	47,000	$471K	1.17%
29	HTFLHEARTFLOW INC	15,917	$463K	1.15%
30	YCYAA MISSION ACQUISITION CORP	44,700	$450K	1.12%
31	BRCBBLACK ROCK COFFEE BAR INC	20,000	$445K	1.11%
32	ATEXANTERIX INC	20,000	$436K	1.09%
33	SBXESILVERBOX CORP V	43,150	$434K	1.08%
34	ITTITT INC	2,500	$433K	1.08%
35	SAROSTANDARDAERO INC	15,000	$430K	1.07%
36	SNDASONIDA SENIOR LIVING INC	12,612	$411K	1.02%
37	FIGRFIGURE TECHNOLOGY SOLUTIO	10,000	$408K	1.02%
38	RVMDREVOLUTION MEDICINES INC	5,000	$398K	0.99%
39	CRCLCIRCLE INTERNET GROUP INC	5,000	$396K	0.99%
40	CTRICENTURI HOLDINGS INC	15,000	$378K	0.94%
41	BLSHBULLISH	10,000	$378K	0.94%
42	BTSGBRIGHTSPRING HEALTH SVCS INC	10,000	$374K	0.93%
43	KGSKODIAK GAS SVCS INC	10,000	$374K	0.93%
44	KLARKLARNA GROUP PLC	12,404	$358K	0.89%
45	VACIVIKING ACQUISITION CORP I	35,000	$352K	0.88%
46	CHYMCHIME FINL INC	12,500	$314K	0.78%
47	ALDFALDEL FINL II INC	30,000	$314K	0.78%
48	NPNEPTUNE INS HLDGS INC	10,500	$306K	0.76%
49	CRBGCOREBRIDGE FINL INC	10,000	$301K	0.75%
50	PACSPACS GROUP INC	7,500	$287K	0.72%
51	COHRCOHERENT CORP	1,500	$276K	0.69%
52	JAKKJAKKS PAC INC	16,236	$274K	0.68%
53	FIGFIGMA INC	7,000	$261K	0.65%
54	FACTFACT II ACQUISITION CORP	25,000	$260K	0.65%
55	JENAJENA ACQUISITION CORP II	25,000	$260K	0.65%
56	PAIIPYROPHYTE ACQUISITION CORP.	25,000	$259K	0.65%
57	NHICNEWHOLD INVT CORP III	25,000	$259K	0.65%
58	SOCASOLARIUS CAPITAL ACQU CORP	25,000	$254K	0.63%
59	OTGAOTG ACQUISITION CORP. I	25,000	$254K	0.63%
60	KBONUKARBON CAP PARTNERS CORP	25,000	$251K	0.63%
61	TDWDTAILWIND 2.0 ACQUISITION COR	25,000	$251K	0.63%
62	MESHMESHFLOW ACQUISITION CORP	25,000	$250K	0.62%
63	SLDESLIDE INS HLDGS INC	11,748	$228K	0.57%
64	SFDSMITHFIELD FOODS INC	10,000	$223K	0.56%
65	AEROGRUPO AEROMEXICO SAB DE CV	10,000	$219K	0.55%
66	ASICATEGRITY SPECIALTY IN CO HO	10,300	$216K	0.54%
67	WAYWAYSTAR HLDG CORP	6,550	$214K	0.53%
68	IMNMIMMUNOME INC	10,000	$214K	0.53%
69	KVYOKLAVIYO INC	6,534	$212K	0.53%
70	OMCCOLD MKT CAP CORP	40,491	$209K	0.52%
71	BACCBLUE ACQUISITION CORP.	19,741	$207K	0.52%
72	TLNCUTALON CAP CORP	20,000	$205K	0.51%
73	AXINAXIOM INTELLIGENCE AC CORP 1	20,000	$204K	0.51%
74	FTWEQV VENTURES AC CORP. II	20,000	$202K	0.50%
75	CRANUCRANE HBR ACQUISITION CORP I	20,000	$201K	0.50%
76	CTGOCONTANGO ORE INC	7,630	$201K	0.50%
77	SAILSAILPOINT INC	9,837	$199K	0.50%
78	DLHCDLH HLDGS CORP	34,806	$196K	0.49%
79	LMRILUMEXA IMAGING HOLDINGS INC	10,000	$185K	0.46%
80	RAPPRAPPORT THERAPEUTICS INC	6,000	$182K	0.45%
81	KRMNKARMAN HLDGS INC	2,500	$182K	0.45%
82	LAKELAKELAND INDS INC	20,580	$181K	0.45%
83	CTRECARETRUST REIT INC	5,000	$180K	0.45%
84	ETORETORO GROUP LTD	5,000	$175K	0.44%
85	PXEDPHOENIX ED PARTNERS INC	5,302	$160K	0.40%
86	LOARLOAR HOLDINGS INC	2,321	$157K	0.39%
87	BDCIBTC DEV CORP	15,000	$152K	0.38%
88	ALUBALUSSA ENERGY ACQUISITION CO	15,000	$151K	0.38%
89	DYORINSIGHT DIGITAL PARTNERS II	14,935	$150K	0.37%
90	DNMXDYNAMIX CORP III	14,835	$149K	0.37%
91	GD8AGRAVITY CO LTD	2,460	$142K	0.35%
92	OMDAOMADA HEALTH INC	8,843	$139K	0.35%
93	VERAVERA THERAPEUTICS INC	2,500	$126K	0.31%
94	—FIGX CAP ACQUISITION CORP.	11,888	$121K	0.30%
95	GROWU S GLOBAL INVS INC	43,793	$105K	0.26%
96	CEPFCANTOR EQUITY PARTNERS III I	10,311	$105K	0.26%
97	ONCH1RT ACQUISITION CORP.	10,000	$104K	0.26%
98	HYACHAYMAKER ACQUISITION CORP IV	66,002	$102K	0.25%
99	CLARCLARUS CORP NEW	30,000	$100K	0.25%
100	MDUMDU RES GROUP INC	5,000	$97K	0.24%

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