RK Capital Management, LLC/FL

Portfolio Overview

RK Capital Management, LLC/FL disclosed 27 positions worth $5.2B in its Form 13F-HR for Q1 2026 — $43.5M in common stock plus $5.1B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) calls, followed by $SPY and $SPY. During the quarter the fund opened 18 new positions and exited 24 — including a new stake in $SPY and a full exit from $NVDA. The portfolio is most concentrated in Other (53.2% of disclosed assets). All figures are sourced directly from RK Capital Management, LLC/FL’s Form 13F-HR filing with the SEC under CIK 1905218.

• 

  SPDR S&P 500 ETF TRUST

  $SPY CALL

  —

  Quality

  $1.3B4,780,000 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY CALL

  —

  Quality

  $1.3B4,780,000 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY PUT

  —

  Quality

  $1.2B4,790,000 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY PUT

  —

  Quality

  $1.2B4,790,000 sh
• 

  Sprott Physical Silver Trust

  $PSLV

  —

  Quality

  $12.4M509,906 sh

• ISHARES TR

  —

  Quality

  $7.6M30,645 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $6.7M10,263 sh

• ARMADA ACQUISITION CORP III

  —

  Quality

  $5.3M535,980 sh

• INNOVATOR ETFS TRUST

  —

  Quality

  $2.5M66,637 sh
• 

  ELECTRONIC ARTS INC.

  $EA

  71.1

  Quality

  $1.5M7,300 sh

Company	Quality	Value	Shares
SPDR S&P 500 ETF TRUST$SPYCALL	—	$1.3B	4,780,000
SPDR S&P 500 ETF TRUST$SPYCALL	—	$1.3B	4,780,000
SPDR S&P 500 ETF TRUST$SPYPUT	—	$1.2B	4,790,000
SPDR S&P 500 ETF TRUST$SPYPUT	—	$1.2B	4,790,000
Sprott Physical Silver Trust$PSLV	—	$12.4M	509,906
ISHARES TR	—	$7.6M	30,645
SPDR S&P 500 ETF TRUST$SPY	—	$6.7M	10,263
ARMADA ACQUISITION CORP III	—	$5.3M	535,980
INNOVATOR ETFS TRUST	—	$2.5M	66,637
ELECTRONIC ARTS INC.$EA	71.1	$1.5M	7,300

Showing top 10 of 27 holdings.

Full Holdings — RK Capital Management, LLC/FL (Q1 2026)

All 27 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$SPYCALL	SPDR S&P 500 ETF TRUST	$1.3B	—	NEW	—
2	$SPYCALL	SPDR S&P 500 ETF TRUST	$1.3B	—	NEW	—
3	$SPYPUT	SPDR S&P 500 ETF TRUST	$1.2B	—	NEW	—
4	$SPYPUT	SPDR S&P 500 ETF TRUST	$1.2B	—	NEW	—
5	$PSLV	Sprott Physical Silver Trust	$12.4M	28.6%	NEW	—
6	—	ISHARES TR	$7.6M	17.5%	NEW	—
7	$SPY	SPDR S&P 500 ETF TRUST	$6.7M	15.3%	-0%	—
8	—	ARMADA ACQUISITION CORP III	$5.3M	12.2%	NEW	—
9	—	INNOVATOR ETFS TRUST	$2.5M	5.7%	+0%	—
10	$EA	ELECTRONIC ARTS INC.	$1.5M	3.4%	NEW	71.1
11	$ACLX	Arcellx, Inc.	$1.4M	3.1%	NEW	6.7
12	$C	CITIGROUP INC	$873,257	2.0%	NEW	54.8
13	$BRR	ProCap Financial, Inc.	$738,215	1.7%	-1%	—
14	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$678,692	1.6%	NEW	66.7
15	$ZIM	ZIM Integrated Shipping Services Ltd.	$629,765	1.4%	NEW	—
16	$ET	Energy Transfer LP	$577,070	1.3%	NEW	64.5
17	—	INNOVATOR ETFS TRUST	$563,650	1.3%	+0%	—
18	$UPS	UNITED PARCEL SERVICE INC	$560,766	1.3%	NEW	58.2
19	—	PROSHARES TR	$452,298	1.0%	NEW	—
20	$NAKA	Nakamoto Inc.	$437,287	1.0%	-29%	23
21	$B	BARRICK MINING CORP	$252,898	0.6%	NEW	—
22	$PAYO	Payoneer Global Inc.	$118,306	0.3%	NEW	55.3
23	$XRPN	Armada Acquisition Corp. II	$100,010	0.2%	+0%	—
24	$ELME	Elme Communities	$95,901	0.2%	NEW	34.6
25	—	ARMADA ACQUISITION CORP III	$68,929	0.2%	NEW	—
26	$FUSE	Fusemachines Inc.	$18,026	0.0%	NEW	—
27	$LZM	Lifezone Metals Ltd	$9,150	0.0%	+0%	—