ICG Advisors, LLC

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Reported portfolio value by quarter (4 quarters reported)

$136M $25.6M

Q4 25 Q1 26 Q2 26 Q3 26

$37M in Q4 2025 → $136M now. Hover for any quarter.

Holdings

As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
Ares Management Corporation	72.1%	New	846,967	$98.4M
IQ Invesco Qqq Tr	17.0%	Trimmed 0.9%	31,282	$23.1M
SE Space Exploration Techn Corp	4.6%	New	41,512	$6.26M
Ftai Aviation Ltd	2.4%	Unchanged	20,000	$3.34M
Cerebras Systems Inc	2.0%	Added 180%	15,000	$2.66M
SS State Str SPDR S&P 500 ETF T	1.9%	Trimmed 9.7%	3,356	$2.56M
Ftai Infrastructure Inc	0.1%	Unchanged	46,847	$129K

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 3 quarters.

quarter ended September 30, 2026 · filed October 20, 2026

Company	Action	Shares changed	Value of change	% of portfolio
Ares Management Corporation	New	+846,967	+$98.4M	72.1%
SE Space Exploration Techn Corp	New	+41,512	+$6.26M	4.6%
Cerebras Systems Inc	Added	+9,641	+$1.71M	2.0%
SS State Str SPDR S&P 500 ETF T	Trimmed	−360	−$275K	1.9%
IQ Invesco Qqq Tr	Trimmed	−289	−$214K	17.0%

quarter ended June 30, 2026 · filed July 16, 2026

Company	Action	Shares changed	Value of change	% of portfolio
Cerebras Systems Inc	New	+5,359	+$1.18M	3.9%
IQ Invesco Qqq Tr	Added	+289	+$188K	68.1%
SS State Str SPDR S&P 500 ETF T	Added	+12	+$8.96K	9.2%

quarter ended March 31, 2026 · filed April 23, 2026

Company	Action	Shares changed	Value of change	% of portfolio
Ares Capital Corp	Exited	−298,567	−$6.11M	—
Ftai Aviation Ltd	Trimmed	−7,500	−$1.84M	19.1%
CC Crescent Cap Bdc Inc	Exited	−91,355	−$1.28M	—
SS SPDR S&P 500 ETF Trust	Trimmed	−767	−$499K	9.4%

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