Stone House Capital Management, LLC

1. Portfolio Overview

The most striking feature of Stone House Capital Management’s 13F filing for the period ending September 30, 2025, is the extreme concentration and significant reduction in portfolio size. The firm executed a massive capital deployment strategy, reducing total assets under management (AUM) by 72.4%, dropping from $119.71 million in the previous quarter to $33.09 million. Concurrently, the fund eliminated diversification entirely, reducing the number of holdings from at...