683 Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), 683 Capital Management, LLC reported 103 stock positions worth $898.4 million. Its top holding was Capital One Financial (COF) at 6.1% of the portfolio, followed by Gxo Logistics (GXO, 4.1%) and Carvana (CVNA, 4.0%). Compared with Q4 2024, it opened 18 new positions, sold out of 108, added to 38 and reduced 25. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale an exit from Citigroup (C).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001404574
- Portfolio Value
- $898.4M (Q1 2025)
- SEC Filing
- 0001085146-25-003184 ↗ filed May 15, 2025
Holdings Value
Holdings 103 stocks · $898.4M
| COF Capital One Financial Corp. | 6.15% | 308,000 | $55.2M | Reduce -3.8% |
| GXO Gxo Logistics Inc. | 4.13% | 950,000 | $37.1M | Add +46.1% |
| CVNA Carvana Co. | 4.00% | 172,000 | $36.0M | Reduce -23.6% |
| WVE Wave Life Sciences Ltd. | 3.53% | 3,925,000 | $31.7M | Add +3.7% |
| HGV Hilton Grand Vacations Inc. | 3.19% | 766,000 | $28.7M | Reduce -19.4% |
| UNH Unitedhealth Group Inc. | 3.03% | 52,000 | $27.2M | New |
| PM Philip Morris International | 2.83% | 160,000 | $25.4M | No change |
| PTGX Protagonist Therapeutics Inc. | 2.69% | 500,000 | $24.2M | Add +21.9% |
| ERO Ero Copper Corp. | 2.43% | 1,800,480 | $21.8M | Reduce -27.1% |
| WDC Western Digital Corp. | 2.25% | 500,000 | $20.2M | Add +13.8% |
| AB Alliancebernstein Holding LP | 2.24% | 525,825 | $20.1M | New |
| BBIO Bridgebio Pharma Inc. | 2.21% | 575,000 | $19.9M | Reduce -9.4% |
| AMTM Amentum Holdings Inc. | 2.05% | 1,013,000 | $18.4M | Add +138.3% |
| CCOI Cogent Communications Holdin | 2.01% | 295,000 | $18.1M | Reduce -1.7% |
| MGTX Meiragtx Holdings PLC | 1.94% | 2,575,000 | $17.5M | Add +6.6% |
| HES Hess Corp. | 1.91% | 107,295 | $17.1M | No change |
| QURE Uniqure NV | 1.83% | 1,550,000 | $16.4M | Add +1.6% |
| BIDU Baidu Inc. - Spon ADR | 1.82% | 177,500 | $16.3M | Add +4.4% |
| CNC Centene Corp. | 1.79% | 265,000 | $16.1M | New |
| INSE Inspired Entertainment Inc. | 1.49% | 1,563,552 | $13.4M | Reduce -8.0% |
| LEN.B Lennar Corp. Class B | 1.40% | 115,000 | $12.5M | No change |
| ELV Elevance Health Inc. | 1.31% | 27,000 | $11.7M | New |
| TGTX TG Therapeutics Inc. | 1.29% | 295,000 | $11.6M | Reduce -57.7% |
| PDD PDD Holdings Inc. | 1.25% | 95,000 | $11.2M | No change |
| KNOP Knot Offshore Partners LP | 1.25% | 1,610,000 | $11.2M | No change |
| SRPT Sarepta Therapeutics Inc. | 1.17% | 165,000 | $10.5M | Add +61.8% |
| XHR Xenia Hotels & Resorts Inc. | 1.17% | 890,000 | $10.5M | Reduce -11.2% |
| ITOS Iteos Therapeutics Inc. | 1.16% | 1,750,000 | $10.4M | Add +90.6% |
| MREO Mereo Biopharma Group PL-ADR | 1.16% | 4,635,000 | $10.4M | Add +1.9% |
| ASML ASML Holding NV-NY Reg SHS | 1.15% | 15,650 | $10.4M | No change |
| HRMY Harmony Biosciences Holdings | 1.11% | 300,000 | $10.0M | No change |
| MRP Millrose Properties | 1.05% | 355,000 | $9.4M | Add +9366.7% |
| CZR Caesars Entertainment Inc. | 1.04% | 375,000 | $9.4M | Add +24.2% |
| ZVRA Zevra Therapeutics Inc. | 1.02% | 1,225,834 | $9.2M | No change |
| CRESY Cresud S.A.-Spons ADR | 1.02% | 830,000 | $9.2M | Reduce -6.2% |
| PHAT Phathom Pharmaceuticals Inc. | 1.01% | 1,445,000 | $9.1M | Add +41.0% |
| HHH Howard Hughes Holdings Inc. | 0.99% | 120,000 | $8.9M | Reduce -11.1% |
| AMLX Amylyx Pharmaceuticals Inc. | 0.95% | 2,411,400 | $8.5M | Add +24.9% |
| WAL Western Alliance Bancorp | 0.94% | 110,000 | $8.5M | Add +10.0% |
| IOVA Iovance Biotherapeutics Inc. | 0.89% | 2,400,000 | $8.0M | Add +69.5% |
| SAGE Sage Therapeutics Inc. | 0.88% | 1,000,000 | $8.0M | Add +58.7% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.87% | 23,576 | $7.8M | Add +2257.6% |
| ARIS Aris Mining Corp. filed as ARIS MNG CORP | 0.84% | 1,625,000 | $7.5M | Reduce -9.7% |
| VKTX Viking Therapeutics Inc. | 0.82% | 305,000 | $7.4M | Add +8.9% |
| APLS Apellis Pharmaceuticals Inc. | 0.81% | 333,000 | $7.3M | Reduce -7.5% |
| GOSS Gossamer Bio Inc. | 0.75% | 6,100,000 | $6.7M | Reduce -12.5% |
| SNDK Sandisk Corp. | 0.74% | 140,000 | $6.7M | Reduce -4.3% |
| KBR KBR Inc. | 0.73% | 131,000 | $6.5M | New |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.72% | 501,000 | $6.5M | Add +25.3% |
| LLY Eli Lilly & Co. | 0.69% | 7,500 | $6.2M | New |
| LDOS Leidos Holdings Inc. | 0.65% | 43,000 | $5.8M | New |
| SAIC Science Applications Inte | 0.61% | 49,000 | $5.5M | New |
| BNED Barnes & Noble Education Inc. | 0.60% | 515,000 | $5.4M | Add +47.1% |
| AGRO Adecoagro SA | 0.59% | 474,103 | $5.3M | Reduce -21.0% |
| FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR | 0.57% | 500,000 | $5.2M | No change |
| IBIT iShares Bitcoin Trust ETF | 0.57% | 110,000 | $5.1M | Reduce -60.0% |
| NE Noble Corp. PLC | 0.57% | 215,000 | $5.1M | Reduce -18.0% |
| WLAC Willow Lane Acquisition Class A | 0.56% | 500,000 | $5.0M | No change |
| SBLK Star Bulk Carriers Corp. | 0.52% | 300,000 | $4.7M | New |
| STGW Stagwell Inc. | 0.51% | 750,000 | $4.5M | No change |
| GERN Geron Corp. | 0.50% | 2,850,000 | $4.5M | New |
| CACI Caci International Inc. Class A | 0.47% | 11,500 | $4.2M | New |
| BTI British American Tob-SP ADR | 0.46% | 100,000 | $4.1M | No change |
| LEN Lennar Corp. Class A | 0.45% | 35,000 | $4.0M | Add +366.7% |
| SOLV Solventum Corp. | 0.42% | 50,000 | $3.8M | No change |
| ANAB Anaptysbio Inc. | 0.40% | 195,627 | $3.6M | New |
| SLNO Soleno Therapeutics Inc. | 0.40% | 50,000 | $3.6M | No change |
| SOC Sable Offshore Corp. | 0.37% | 130,500 | $3.3M | New |
| TSLA Tesla Inc. | 0.36% | 12,500 | $3.2M | New |
| ABEO Abeona Therapeutics Inc. | 0.36% | 675,000 | $3.2M | Reduce -14.8% |
| HCC Warrior Met Coal Inc. | 0.35% | 65,000 | $3.1M | Add +18.2% |
| VIGL Vigil Neuroscience Inc. | 0.34% | 1,740,000 | $3.1M | Add +24.3% |
| PANL Pangaea Logistics Solutions | 0.32% | 609,990 | $2.9M | Add +0.5% |
| CDLX Cardlytics Inc. | 0.31% | 1,550,000 | $2.8M | Add +18.3% |
| IMTX Immatics NV | 0.31% | 615,000 | $2.8M | Reduce -5.4% |
| LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV | 0.31% | 110,100 | $2.8M | Add +57.3% |
| ALDX Aldeyra Therapeutics Inc. | 0.30% | 476,000 | $2.7M | Add +64.1% |
| GSAT Globalstar Inc. | 0.30% | 131,012 | $2.7M | Add +15.6% |
| IFRX Inflarx NV | 0.30% | 2,625,000 | $2.7M | Add +26.8% |
| NVGS Navigator Holdings Ltd. | 0.28% | 190,000 | $2.5M | No change |
| HDSN Hudson Technologies Inc. | 0.28% | 402,583 | $2.5M | Reduce -36.7% |
| SLV iShares Silver Trust | 0.26% | 75,000 | $2.3M | No change |
| FOLD Amicus Therapeutics Inc. | 0.25% | 275,000 | $2.2M | New |
| MODULAR MED INC | 0.24% | 1,980,000 | $2.2M | Add +23.8% |
| RNAC Cartesian Therapeutics Inc. | 0.22% | 150,000 | $2.0M | Add +20.0% |
| IVVD Invivyd Inc. | 0.20% | 3,000,000 | $1.8M | No change |
| SVM Silvercorp Metals Inc. | 0.19% | 450,000 | $1.7M | Reduce -21.7% |
| SMRT Smartrent Inc. | 0.18% | 1,350,000 | $1.6M | No change |
| DHT DHT Holdings Inc. | 0.18% | 150,000 | $1.6M | Reduce -25.0% |
| VAL Valaris Ltd. | 0.17% | 40,000 | $1.6M | New |
| SDRL Seadrill Limited | 0.17% | 60,000 | $1.5M | New |
| HYLN Hyliion Holdings Corp. | 0.15% | 950,000 | $1.3M | Add +171.4% |
| STTK Shattuck Labs Inc. | 0.11% | 1,050,000 | $998K | No change |
| IMUX Immunic Inc. | 0.11% | 900,000 | $981K | Add +28.6% |
| GUTS Fractyl Health Inc. | 0.09% | 650,000 | $774K | No change |
| PDLB Ponce Financial Group Inc. | 0.08% | 55,000 | $697K | Reduce -48.2% |
| THRD Third Harmonic Bio Inc. | 0.08% | 200,000 | $694K | New |
| MERSANA THERAPEUTICS INC | 0.06% | 1,650,000 | $568K | Add +83.3% |
| PYXS Pyxis Oncology Inc. | 0.06% | 550,000 | $539K | Add +32.5% |
| AFMDQ Affimed NV | 0.05% | 654,600 | $473K | No change |
| CYPH Cypherpunk Technologies Inc. filed as LEAP THERAPEUTICS INC | 0.05% | 1,449,900 | $442K | Add +7.4% |
| MTA Metalla Royalty & Streaming | 0.04% | 109,080 | $315K | No change |
| GCTS GCT Semiconductor Holding Inc. | 0.01% | 51,689 | $85K | Reduce -48.3% |
Options reported separately and not counted above: LLY puts ($95.0M), TSLA puts ($85.0M), MSTR puts ($52.5M), MDGL puts ($50.3M), PLTR puts ($43.9M), NVO puts ($27.9M), COF puts ($22.4M), COIN puts ($17.4M), ALNY puts ($13.8M), LEN puts ($8.6M), LDOS calls ($6.6M), LDOS puts ($6.6M), and 9 more.
Other holdings (16): bonds, preferreds, convertibles and warrants · $87.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 15,428,000 | $36.4M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 24,750,000 | $28.3M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 5,000,000 | $7.1M | New |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 13,145,000 | $7.0M | Add +8.2% |
| IRS.WS Irsa Inversiones Y Rep -CW26 | *W EXP 05/12/202 | 3,637,174 | $5.1M | Reduce -28.5% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 1,000,000 | $1.6M | No change |
| CRESW Cresud Saci-CW26 | *W EXP 03/09/202 | 1,731,651 | $1.4M | Add +11.8% |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 335,754 | $107K | Reduce -32.3% |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 250,000 | $57K | New |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 775,000 | $56K | Reduce -31.3% |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 195,000 | $35K | Reduce -55.7% |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 200,000 | $22K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 125,000 | $8K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 150,000 | $6K | No change |
| IMTXW Immatics NV -CW | *W EXP 07/01/202 | 348,032 | $5K | No change |
| APLMW Apollomics Inc.-27 | *W EXP 04/01/202 | 130,000 | $1K | No change |
Total filed on the 13F, all lines: $985.8M.
Portfolio Sells Q4 2024 → Q1 2025
| C Citigroup Inc. | Sold out | 0.00% | −1.55 |
| ERO Ero Copper Corp. | Reduce -27.1% | 2.43% | −1.23 |
| IBIT iShares Bitcoin Trust ETF | Reduce -60.0% | 0.57% | −1.03 |
| CVNA Carvana Co. | Reduce -23.6% | 4.00% | −1.03 |
| TGTX TG Therapeutics Inc. | Reduce -57.7% | 1.29% | −1.01 |
| HGV Hilton Grand Vacations Inc. | Reduce -19.4% | 3.19% | −0.88 |
| R Ryder System Inc. | Sold out | 0.00% | −0.81 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.61 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.57 |
| CCOI Cogent Communications Holdin | Reduce -1.7% | 2.01% | −0.53 |
| XHR Xenia Hotels & Resorts Inc. | Reduce -11.2% | 1.17% | −0.47 |
| APLS Apellis Pharmaceuticals Inc. | Reduce -7.5% | 0.81% | −0.45 |
| JMIA Jumia Technologies AG-ADR | Sold out | 0.00% | −0.37 |
| PSTX Poseida Therapeutics Inc. | Sold out | 0.00% | −0.37 |
| NE Noble Corp. PLC | Reduce -18.0% | 0.57% | −0.34 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.28 |
| GLNG Golar LNG Ltd. | Sold out | 0.00% | −0.23 |
| CRESY Cresud S.A.-Spons ADR | Reduce -6.2% | 1.02% | −0.21 |
| INSE Inspired Entertainment Inc. | Reduce -8.0% | 1.49% | −0.20 |
| IMTX Immatics NV | Reduce -5.4% | 0.31% | −0.20 |
| HHH Howard Hughes Holdings Inc. | Reduce -11.1% | 0.99% | −0.15 |
| ABEO Abeona Therapeutics Inc. | Reduce -14.8% | 0.36% | −0.13 |
| COF Capital One Financial Corp. | Reduce -3.8% | 6.15% | −0.13 |
| FIBROGEN INC | Sold out | 0.00% | −0.12 |
| HDSN Hudson Technologies Inc. | Reduce -36.7% | 0.28% | −0.11 |
| NGVT Ingevity Corp. | Sold out | 0.00% | −0.11 |
| ETON Eton Pharmaceuticals Inc. | Sold out | 0.00% | −0.10 |
| ATYR Atyr Pharma Inc. | Sold out | 0.00% | −0.10 |
| EBS Emergent Biosolutions Inc. | Sold out | 0.00% | −0.10 |
| LFVN Lifevantage Corp. | Sold out | 0.00% | −0.10 |
| CLPT Clearpoint Neuro Inc. | Sold out | 0.00% | −0.09 |
| PSNL Personalis Inc. | Sold out | 0.00% | −0.09 |
| ATOM Atomera Inc. | Sold out | 0.00% | −0.08 |
| KINS Kingstone Cos Inc. | Sold out | 0.00% | −0.08 |
| TZOO Travelzoo | Sold out | 0.00% | −0.08 |
| CONTEXTLOGIC INC - A | Sold out | 0.00% | −0.08 |
| TKNO Alpha Teknova Inc. | Sold out | 0.00% | −0.08 |
| DCTH Delcath Systems Inc. | Sold out | 0.00% | −0.08 |
| EXFY Expensify Inc. Class A | Sold out | 0.00% | −0.08 |
| PDEX Pro-Dex Inc. | Sold out | 0.00% | −0.08 |
| ELMD Electromed Inc. | Sold out | 0.00% | −0.08 |
| EARN Ellington Credit Co. | Sold out | 0.00% | −0.08 |
| MYO Myomo Inc. | Sold out | 0.00% | −0.08 |
| SERV Serve Robotics Inc. | Sold out | 0.00% | −0.08 |
| FEIM Frequency Electronics Inc. | Sold out | 0.00% | −0.08 |
| PDLB Ponce Financial Group Inc. | Reduce -48.2% | 0.08% | −0.07 |
| QXO Qxo Inc. | Sold out | 0.00% | −0.07 |
| BW Babcock & Wilcox Enterpr | Sold out | 0.00% | −0.07 |
| TIL Instil Bio Inc. | Sold out | 0.00% | −0.07 |
| ORKA Oruka Therapeutics Inc. | Sold out | 0.00% | −0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| UNH Unitedhealth Group Inc. | New | 3.03% | +3.03 |
| AB Alliancebernstein Holding LP | New | 2.24% | +2.24 |
| CNC Centene Corp. | New | 1.79% | +1.79 |
| ELV Elevance Health Inc. | New | 1.31% | +1.31 |
| AMTM Amentum Holdings Inc. | Add +138.3% | 2.05% | +1.07 |
| MRP Millrose Properties | Add +9366.7% | 1.05% | +1.04 |
| GXO Gxo Logistics Inc. | Add +46.1% | 4.13% | +1.02 |
| PTGX Protagonist Therapeutics Inc. | Add +21.9% | 2.69% | +0.95 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +2257.6% | 0.87% | +0.84 |
| KBR KBR Inc. | New | 0.73% | +0.73 |
| LLY Eli Lilly & Co. | New | 0.69% | +0.69 |
| LDOS Leidos Holdings Inc. | New | 0.65% | +0.65 |
| SAIC Science Applications Inte | New | 0.61% | +0.61 |
| SBLK Star Bulk Carriers Corp. | New | 0.52% | +0.52 |
| SAGE Sage Therapeutics Inc. | Add +58.7% | 0.88% | +0.51 |
| GERN Geron Corp. | New | 0.50% | +0.50 |
| CACI Caci International Inc. Class A | New | 0.47% | +0.47 |
| ANAB Anaptysbio Inc. | New | 0.40% | +0.40 |
| ITOS Iteos Therapeutics Inc. | Add +90.6% | 1.16% | +0.39 |
| SOC Sable Offshore Corp. | New | 0.37% | +0.37 |
| TSLA Tesla Inc. | New | 0.36% | +0.36 |
| LEN Lennar Corp. Class A | Add +366.7% | 0.45% | +0.33 |
| MGTX Meiragtx Holdings PLC | Add +6.6% | 1.94% | +0.33 |
| FOLD Amicus Therapeutics Inc. | New | 0.25% | +0.25 |
| BIDU Baidu Inc. - Spon ADR | Add +4.4% | 1.82% | +0.24 |
| BNED Barnes & Noble Education Inc. | Add +47.1% | 0.60% | +0.22 |
| VAL Valaris Ltd. | New | 0.17% | +0.17 |
| SDRL Seadrill Limited | New | 0.17% | +0.17 |
| AMLX Amylyx Pharmaceuticals Inc. | Add +24.9% | 0.95% | +0.15 |
| ALDX Aldeyra Therapeutics Inc. | Add +64.1% | 0.30% | +0.15 |
| LKFT Lakefront Biotherapeutic-ADR | Add +57.3% | 0.31% | +0.10 |
| PHAT Phathom Pharmaceuticals Inc. | Add +41.0% | 1.01% | +0.09 |
| VIGL Vigil Neuroscience Inc. | Add +24.3% | 0.34% | +0.08 |
| THRD Third Harmonic Bio Inc. | New | 0.08% | +0.08 |
| IRS Irsa -SP ADR | Add +25.3% | 0.72% | +0.06 |
| HYLN Hyliion Holdings Corp. | Add +171.4% | 0.15% | +0.05 |
| IMUX Immunic Inc. | Add +28.6% | 0.11% | +0.03 |
| WAL Western Alliance Bancorp | Add +10.0% | 0.94% | +0.02 |
| HCC Warrior Met Coal Inc. | Add +18.2% | 0.35% | +0.02 |
| MODULAR MED INC | Add +23.8% | 0.24% | −0.00 |
| PYXS Pyxis Oncology Inc. | Add +32.5% | 0.06% | −0.01 |
| RNAC Cartesian Therapeutics Inc. | Add +20.0% | 0.22% | −0.03 |
| PANL Pangaea Logistics Solutions | Add +0.5% | 0.32% | −0.03 |
| CZR Caesars Entertainment Inc. | Add +24.2% | 1.04% | −0.07 |
| MERSANA THERAPEUTICS INC | Add +83.3% | 0.06% | −0.08 |
| GSAT Globalstar Inc. | Add +15.6% | 0.30% | −0.08 |
| SRPT Sarepta Therapeutics Inc. | Add +61.8% | 1.17% | −0.19 |
| CDLX Cardlytics Inc. | Add +18.3% | 0.31% | −0.22 |
| IOVA Iovance Biotherapeutics Inc. | Add +69.5% | 0.89% | −0.26 |
| IFRX Inflarx NV | Add +26.8% | 0.30% | −0.26 |
Options Activity Q4 2024 → Q1 2025
| LLY Eli Lilly & Co. | put | Reduce -50.0% | 115,000 | $95.0M |
| TSLA Tesla Inc. | put | Reduce -41.2% | 328,000 | $85.0M |
| MSTR Strategy Inc. | put | Add +15.7% | 182,100 | $52.5M |
| MDGL Madrigal Pharmaceuticals Inc. | put | Reduce -1.6% | 152,000 | $50.3M |
| PLTR Palantir Technologies Inc. Class A | put | New | 520,200 | $43.9M |
| NVO Novo-Nordisk A/S-Spons ADR | put | Add +34.2% | 402,500 | $27.9M |
| COF Capital One Financial Corp. | put | Add +150.0% | 125,000 | $22.4M |
| ALNY Alnylam Pharmaceuticals Inc. | put | Reduce -12.8% | 51,200 | $13.8M |
| LEN Lennar Corp. Class A | put | Reduce -16.7% | 75,000 | $8.6M |
| C Citigroup Inc. | put | Sold out | 100,000 | $7.0Mbefore exit |
| LDOS Leidos Holdings Inc. | call | New | 48,800 | $6.6M |
| LDOS Leidos Holdings Inc. | put | New | 48,800 | $6.6M |
| SAIC Science Applications Inte | call | New | 50,000 | $5.6M |
| SAIC Science Applications Inte | put | New | 50,000 | $5.6M |
| KBR KBR Inc. | call | New | 100,000 | $5.0M |
| KBR KBR Inc. | put | New | 100,000 | $5.0M |
| HIMS Hims & Hers Health Inc. | put | New | 150,000 | $4.4M |
| PRAX Praxis Precision Medicines I | put | New | 94,300 | $3.6M |
| APLS Apellis Pharmaceuticals Inc. | call | Sold out | 71,500 | $2.3Mbefore exit |
| GEHC GE Healthcare Technology | put | Sold out | 25,000 | $2.0Mbefore exit |
| AMTM Amentum Holdings Inc. | call | New | 100,000 | $1.8M |
| IONQ Ionq Inc. | put | Add +50.0% | 75,000 | $1.7M |
| JSPR Jasper Therapeutics Inc. | put | Sold out | 57,600 | $0before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 854,600 | $23.5Mbefore exit |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 5,000,000 | $7.1M |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | Add +8.2% | 13,145,000 | $7.0M |
| IRS.WS Irsa Inversiones Y Rep -CW26 | *W EXP 05/12/202 | Reduce -28.5% | 3,637,174 | $5.1M |
| XERIS BIOPHARMA HOLDINGS (XERS 5 07/15/25) | NOTE 5.000% 7/1 · principal | Sold out | 3,200,000 | $4.0Mbefore exit |
| CRESW Cresud Saci-CW26 | *W EXP 03/09/202 | Add +11.8% | 1,731,651 | $1.4M |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | Reduce -32.3% | 335,754 | $107K |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | New | 250,000 | $57K |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | Reduce -31.3% | 775,000 | $56K |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | Reduce -55.7% | 195,000 | $35K |
| VMCWF Valuence Merger Corp. -CW27 | *W EXP 99/99/999 | Sold out | 350,000 | $12Kbefore exit |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | Sold out | 125,000 | $10Kbefore exit |
| CHEER HLDG INC | *W EXP 02/13/202 | Sold out | 115,589 | $139before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 107 | $1.0B | COF, CVNA, ANAB, KSPI, BDX |
| Q1 2026 | 188 | $1.0B | COF, CVNA, PTGX, WVE, BDX |
| Q4 2025 | 189 | $1.1B | COF, WVE, CVNA, GXO, HGV |
| Q3 2025 | 102 | $1.1B | COF, QURE, CVNA, UWMC, GXO |
| Q2 2025 | 101 | $930.0M | COF, CVNA, GXO, AMTM, HGV |
| Q1 2025 | 103 | $898.4M | COF, GXO, CVNA, WVE, HGV |
| Q4 2024 | 191 | $909.7M | COF, WVE, CVNA, HGV, ERO |
| Q3 2024 | 93 | $878.6M | COF, ERO, HGV, CVNA, WVE |
| Q2 2024 | 88 | $851.1M | HGV, COF, SN, ERO, BWA |
| Q1 2024 | 80 | $907.2M | HGV, COF, ERO, SN, BWA |