Arkolith/Funds/Kultura Capital Management LP

Kultura Capital Management LP

CIK 2064545Market maker
Holdings as of Jun 30, 2026·disclosed Aug 14, 2026·~45-day 13F lag·13F-HR
Active Filer

Kultura Capital Management LP holds a focused book of 31 reported positions worth $217.8M as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter Cerebras Systems Inc - A first appears in 13F filings, a listing rather than a purchase; they opened Applied Materials Inc and trimmed Taiwan Semiconductor-SP ADR. Their largest long position is Intel Corp at 13% of the reported non-option book. They also disclosed $157.6M in put options (a bearish bet) and $178.0M in call options (bullish), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2026 would be +30% (+60.6%/yr). That is a simulation of the disclosed long book, not audited returns.

Kultura Capital Management LP is a market maker: this book is hedging inventory, not directional conviction.

Opened
12
bought for the first time
+9 more · largest first
1 newly reportable · first quarter we see the security in 13F filings, a listing not a purchase
Sold out
6
exited the position entirely
+3 more · largest first, by prior value

Growth of $10,000: cloning the disclosed book

If you'd copied them
+30.5%
+60.6%/yr · since Feb '26
Their reported book
+5.3%
held from quarter-end
S&P 500
+12.5%
same window
$9K$11K$12K$14K$16KFeb '26Mar '26May '26Jun '26Jul '26Sep '26
Kultura Capital Management LP (copied at disclosure) S&P 500

Following at the filing date actually beat the quarter-end book by 25.1 points over this window.

Growth of $10,000 cloning Kultura Capital Management LP's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: focused book

Top 5 holdings
38%
Top 10 holdings
62%
Top 20 holdings
91%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

100% mapped to company sectors

Information Technology
84%
Industrials
8%
Communication Services
5%
Financials
4%

+1 sector below the cut, under 0.5% together

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited
Newly reportable· first quarter we see the security in 13F filings · position value, not a trade

Funds with the most overlap

Other tracked managers holding the same core names as Kultura Capital Management LP

Manager / fundShared namesTheir $ in those
Graticule Asia Macro Advisors LLC3 / 31$1.3B
Mishpacha Holdings Corp3 / 31$234.9M
Fund Resources Investment Holding Group Co Ltd4 / 31$720.1M
Trybe Capital Management LP7 / 31$929.3M
Situational Awareness LP5 / 31$14.4B
Elemental Capital Partners LLC3 / 31$337.5M
Linden Rose Investment LLC5 / 31$88.4M
Ma Investment Partnership, LP4 / 31$372.4M

Ranked by the share of each fund's own book sitting in the names it shares with Kultura Capital Management LP: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

31 positions
#SecurityValueShares% PortLast moveHistory
1Intel Corp
COM
$28.9M206.8K
13.3%
+158%
Added · +127K sh
2Applied Matls Inc
COM
$16.8M23.2K
7.7%
New
New position
3Sandisk Corp
COM
$14.1M6.2K
6.5%
New
New position
4Taiwan Semiconductor Manufac
SPONSORED ADS
$11.8M24.8K
5.4%
−18%
Reduced · −6K sh
5Cohu Inc
COM
$11.6M157.4K
5.3%
New
New position
6Aehr Test Sys
COM
$11.3M117.9K
5.2%
+47%
Added · +38K sh
7Micron Technology Inc
COM
$11.0M9.5K
5.0%
−8.2%
Reduced · −850 sh
8Alphabet Inc
CAP STK CL A
$10.5M29.3K
4.8%
−43%
Reduced · −22K sh
9Nvidia Corporation
COM
$9.8M48.9K
4.5%
+2.4%
Added · +1K sh
10Crowdstrike Hldgs Inc
CL A
$8.9M11.6K
4.1%
Held
11ASML Hldg NV
N Y REGISTRY SHS
$8.4M4.2K
3.8%
−28%
Reduced · −2K sh
12Applied Optoelectronics Inc
COM
$7.9M53.3K
3.6%
+46%
Added · +17K sh
13Palo Alto Networks Inc
COM
$7.8M23.0K
3.6%
New
New position
14Bloom Energy Corp
COM CL A
$6.3M20.8K
2.9%
+13%
Added · +2K sh
15Robinhood MKTS Inc
COM CL A
$5.9M58.9K
2.7%
−34%
Reduced · −30K sh
16Ase Technology Hldg Co Ltd
SPONSORED ADS
$5.8M127.9K
2.6%
New
New position
17Lam Research Corp
COM NEW
$5.6M12.9K
2.6%
New
New position
18Lumentum Hldgs Inc
COM
$5.5M6.4K
2.5%
−21%
Reduced · −2K sh
19Reddit Inc
CL A
$5.2M30.2K
2.4%
New
New position
20Acm Resh Inc
COM CL A
$4.8M37.7K
2.2%
New
New position
21Nokia Corp
SPONSORED ADR
$4.5M337.6K
2.1%
New
New position
22Vicor Corp
COM
$4.3M11.3K
2.0%
New
New position
23Applovin Corp
COM CL A
$3.9M7.6K
1.8%
−45%
Reduced · −6K sh
24Hyperliquid Strategies Inc
COM
$2.8M361.5K
1.3%
+18%
Added · +56K sh
25Tower Semiconductor Ltd
SHS NEW
$1.6M6.3K
0.8%
−82%
Reduced · −29K sh
26Cerebras Systems Inc
COM CL A
$1.3M5.7K
0.6%
Listed
Newly reportable
27Navitas Semiconductor Corp
COM
$1.2M68.8K
0.6%
New
New position
28Hinge Health Inc
CL A
$415K5.0K
0.2%
New
New position
29Opendoor Technologies Inc
*W EXP 11/20/202
$8K16.3K
<0.1%
Held
30Opendoor Technologies Inc
*W EXP 11/20/202
$5K16.3K
<0.1%
Held
31Opendoor Technologies Inc
*W EXP 11/20/202
$4K16.3K
<0.1%
Held
Showing all 31 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$157.6M
Call notional (bullish)$178.0M
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishINVESCO QQQ TRUST SERIES 1QQQ$82.9M113K
PUT · bearishVANECK SEMICONDUCTOR ETFSMH$35.4M54K
CALL · bullishMICROSOFT CORPMSFT$20.2M54K
CALL · bullishBROADCOM INCAVGO$18.3M49K
CALL · bullishNOKIA CORP-SPON ADRNOK$17.1M1.3M
PUT · bearishSUPER MICRO COMPUTER INCSMCI$15.0M510K
PUT · bearishROUNDHILL MEMORY ETFDRAM$14.3M193K
CALL · bullishEQT CORPEQT$10.6M199K
CALL · bullishKRANESH CSI CHINA INTERNETKWEB$9.9M403K
PUT · bearishSTRATEGY INCMSTR$9.3M108K
CALL · bullishINTEL CORPINTC$9.2M66K
CALL · bullishKIMBERLY-CLARK CORPKMB$8.4M77K
CALL · bullishINTUIT INCINTU$7.1M27K
CALL · bullishHOME DEPOT INCHD$6.5M18K
CALL · bullishROUNDHILL MEMORY ETFDRAM$6.4M87K
CALL · bullishGENERAL MOTORS COGM$6.3M82K
CALL · bullishSPACE EXPLORATION TECHN-CL ASPCX$5.3M31K
CALL · bullishPALANTIR TECHNOLOGIES INC-APLTR$5.1M44K
CALL · bullishNEBIUS GROUP NVNBIS$5.1M18K
CALL · bullishADVANCED MICRO DEVICESAMD$4.4M8K
CALL · bullishPROPETRO HOLDING CORPPUMP$4.3M303K
CALL · bullishBOX INC - CLASS ABOX$4.2M159K
CALL · bullishFREEPORT-MCMORAN INCFCX$4.1M65K
CALL · bullishDELL TECHNOLOGIES -CDELL$3.7M9K
CALL · bullishTERADYNE INCTER$3.2M7K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above. Showing the largest 25 of 35 option legs.

Filing history

As-of date vs the date the SEC received each filing

$637.7M · Q1 2026Q4 2025 · $161.1MQ2 2026 · $553.4M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Aug 14, 202645d66$553.4M13F-HR
Q1 2026Mar 31, 2026May 15, 202645d53$637.7M13F-HR
Q4 2025Dec 31, 2025Feb 17, 202648d49$161.1M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.