683 Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), 683 Capital Management, LLC reported 189 stock positions worth $1.1 billion. Its top holding was Capital One Financial (COF) at 7.1% of the portfolio, followed by Wave Life Sciences (WVE, 6.0%) and Carvana (CVNA, 5.5%). Compared with Q3 2025, it opened 102 new positions, sold out of 15, added to 27 and reduced 36. The biggest buy was a new position in JSC Kaspi.kz ADR (KSPI) and the biggest sale Uniqure (QURE, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001404574
- Portfolio Value
- $1.1B (Q4 2025)
- SEC Filing
- 0001404574-26-000003 ↗ filed Feb 17, 2026
Holdings Value
Holdings 189 stocks · $1.1B
| COF Capital One Financial Corp. | 7.11% | 335,000 | $81.2M | Add +3.1% |
| WVE Wave Life Sciences Ltd. | 5.98% | 4,015,000 | $68.3M | Reduce -3.3% |
| CVNA Carvana Co. | 5.54% | 150,000 | $63.3M | No change |
| GXO Gxo Logistics Inc. | 3.16% | 685,000 | $36.1M | Reduce -11.6% |
| HGV Hilton Grand Vacations Inc. | 2.92% | 745,000 | $33.3M | Add +19.2% |
| PTGX Protagonist Therapeutics Inc. | 2.91% | 380,669 | $33.2M | Reduce -6.6% |
| ANAB Anaptysbio Inc. | 2.75% | 648,093 | $31.4M | Add +18.5% |
| UWMC Uwm Holdings Corp. | 2.70% | 7,050,518 | $30.9M | Reduce -4.7% |
| PHAT Phathom Pharmaceuticals Inc. | 2.59% | 1,785,000 | $29.6M | Reduce -1.9% |
| WDC Western Digital Corp. | 2.16% | 143,300 | $24.7M | Reduce -57.7% |
| AMTM Amentum Holdings Inc. | 2.12% | 835,000 | $24.2M | Reduce -34.5% |
| MOH Molina Healthcare Inc. | 2.05% | 135,000 | $23.4M | Add +66.7% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 1.81% | 265,000 | $20.7M | New |
| MGTX Meiragtx Holdings PLC | 1.78% | 2,559,082 | $20.3M | Reduce -2.5% |
| AMLX Amylyx Pharmaceuticals Inc. | 1.75% | 1,650,000 | $19.9M | Reduce -6.3% |
| BDX Becton Dickinson and Co. | 1.53% | 90,000 | $17.5M | New |
| SRPT Sarepta Therapeutics Inc. | 1.53% | 810,000 | $17.4M | Reduce -18.2% |
| B Barrick Mining Corp. | 1.53% | 400,000 | $17.4M | Reduce -46.7% |
| GOSS Gossamer Bio Inc. | 1.41% | 5,190,800 | $16.1M | Add +2.6% |
| HRMY Harmony Biosciences Holdings | 1.36% | 415,000 | $15.5M | Add +47.2% |
| KNOP Knot Offshore Partners LP | 1.32% | 1,460,000 | $15.1M | Reduce -0.0% |
| UNH Unitedhealth Group Inc. | 1.30% | 45,000 | $14.9M | Reduce -6.3% |
| IAG Iamgold Corp. | 1.30% | 900,000 | $14.8M | No change |
| ELV Elevance Health Inc. | 1.29% | 42,000 | $14.7M | Add +133.3% |
| ARIS Aris Mining Corp. filed as ARIS MNG CORP | 1.28% | 900,000 | $14.6M | No change |
| GUTS Fractyl Health Inc. | 1.16% | 6,047,620 | $13.3M | Add +30.1% |
| CCOI Cogent Communications Holdin | 1.13% | 600,000 | $12.9M | Reduce -7.7% |
| SUNC Sunococorp LLC | 1.01% | 235,000 | $11.6M | New |
| FOLD Amicus Therapeutics Inc. | 1.00% | 800,000 | $11.4M | Reduce -4.2% |
| GOOGL Alphabet Inc. Class A | 0.99% | 36,000 | $11.3M | No change |
| LXEO Lexeo Therapeutics Inc. | 0.97% | 1,120,000 | $11.1M | Add +21.4% |
| LEN.B Lennar Corp. Class B | 0.96% | 115,000 | $10.9M | No change |
| TGTX TG Therapeutics Inc. | 0.94% | 360,000 | $10.7M | Add +10.8% |
| INSE Inspired Entertainment Inc. | 0.87% | 1,061,044 | $9.9M | Reduce -5.7% |
| VTYX Ventyx Biosciences Inc. | 0.82% | 1,040,000 | $9.4M | Add +4.0% |
| QURE Uniqure NV | 0.81% | 384,950 | $9.2M | Reduce -64.0% |
| WAL Western Alliance Bancorp | 0.74% | 100,000 | $8.4M | No change |
| FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR | 0.73% | 640,894 | $8.4M | Add +28.2% |
| APLS Apellis Pharmaceuticals Inc. | 0.73% | 330,000 | $8.3M | Add +14.6% |
| ZVRA Zevra Therapeutics Inc. | 0.71% | 905,000 | $8.1M | Reduce -7.2% |
| SOLS Solstice Adv Materials Inc. | 0.69% | 163,146 | $7.9M | New |
| ALDX Aldeyra Therapeutics Inc. | 0.69% | 1,530,000 | $7.9M | Add +86.6% |
| GPK Graphic Packaging Holding Co. | 0.68% | 517,678 | $7.8M | New |
| IVVD Invivyd Inc. | 0.63% | 2,900,000 | $7.2M | Reduce -54.0% |
| GSAT Globalstar Inc. | 0.63% | 117,000 | $7.1M | Reduce -2.5% |
| SDRL Seadrill Limited | 0.61% | 200,000 | $6.9M | No change |
| VTOL Bristow Group Inc. | 0.60% | 186,000 | $6.8M | Add +6.1% |
| LEN Lennar Corp. Class A | 0.59% | 65,500 | $6.7M | Reduce -17.1% |
| XHR Xenia Hotels & Resorts Inc. | 0.56% | 453,000 | $6.4M | Reduce -29.8% |
| VKTX Viking Therapeutics Inc. | 0.56% | 182,000 | $6.4M | Reduce -24.2% |
| MREO Mereo Biopharma Group PL-ADR | 0.55% | 15,025,000 | $6.3M | Add +208.2% |
| AMZN Amazon.com Inc. | 0.54% | 26,500 | $6.1M | No change |
| PAX Patria Investments Ltd. Class A | 0.51% | 365,000 | $5.8M | Reduce -4.0% |
| CZR Caesars Entertainment Inc. | 0.50% | 244,000 | $5.7M | Add +28.4% |
| SNDK Sandisk Corp. | 0.50% | 24,000 | $5.7M | Reduce -77.4% |
| PURR Hyperliquid Strategies | 0.50% | 1,590,000 | $5.7M | New |
| CACI Caci International Inc. Class A | 0.49% | 10,500 | $5.6M | No change |
| CRESY Cresud S.A.-Spons ADR | 0.47% | 423,552 | $5.3M | Reduce -3.9% |
| ALEC Alector Inc. | 0.46% | 3,350,000 | $5.2M | Add +235.0% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.45% | 222,395 | $5.1M | Add +109.8% |
| STTK Shattuck Labs Inc. | 0.44% | 1,390,000 | $5.1M | Reduce -9.3% |
| RNAM Avidity Biosciences Inc. | 0.44% | 70,000 | $5.0M | New |
| SAIC Science Applications Inte | 0.43% | 49,000 | $4.9M | Reduce -6.7% |
| ENVA Enova International Inc. | 0.41% | 30,000 | $4.7M | New |
| RXO Rxo Inc. | 0.40% | 357,953 | $4.5M | New |
| DDI Doubledown Interactive -ADR | 0.38% | 500,000 | $4.3M | Add +66.7% |
| STGW Stagwell Inc. | 0.36% | 830,000 | $4.1M | Reduce -6.7% |
| ABEO Abeona Therapeutics Inc. | 0.36% | 770,000 | $4.1M | No change |
| BLDR Builders Firstsource Inc. | 0.32% | 36,000 | $3.7M | No change |
| COIN Coinbase Global Inc. Class A | 0.31% | 15,700 | $3.6M | Add +423.3% |
| PANL Pangaea Logistics Solutions | 0.30% | 495,000 | $3.4M | Reduce -7.5% |
| IFRX Inflarx NV | 0.29% | 3,315,000 | $3.3M | Add +47.3% |
| NVGS Navigator Holdings Ltd. | 0.28% | 186,000 | $3.2M | Add +3.3% |
| BNED Barnes & Noble Education Inc. | 0.28% | 350,000 | $3.2M | No change |
| HHH Howard Hughes Holdings Inc. | 0.27% | 38,000 | $3.0M | No change |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.22% | 155,000 | $2.6M | Reduce -53.6% |
| LAFA Lafayette Acquisition Corp. | 0.22% | 250,000 | $2.5M | New |
| HDSN Hudson Technologies Inc. | 0.20% | 335,000 | $2.3M | Reduce -4.3% |
| MBC Masterbrand Inc. | 0.19% | 200,000 | $2.2M | No change |
| RNAC Cartesian Therapeutics Inc. | 0.18% | 280,000 | $2.0M | Add +21.7% |
| CHEC Chenghe Acquisition II Class A | 0.17% | 200,000 | $2.0M | No change |
| AMRZ Amrize Ltd. | 0.17% | 35,000 | $1.9M | No change |
| VAL Valaris Ltd. | 0.15% | 35,000 | $1.8M | No change |
| INAB IN8BIO Inc. | 0.15% | 724,637 | $1.7M | New |
| SVM Silvercorp Metals Inc. | 0.15% | 200,000 | $1.7M | Reduce -38.5% |
| CDLX Cardlytics Inc. | 0.14% | 1,400,100 | $1.6M | Add +19.2% |
| BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I | 0.14% | 150,000 | $1.5M | No change |
| HYLN Hyliion Holdings Corp. | 0.13% | 825,000 | $1.5M | No change |
| EVAC Eqv Ventures Acquisition C-A | 0.13% | 150,000 | $1.5M | No change |
| ALNY Alnylam Pharmaceuticals Inc. | 0.13% | 3,782 | $1.5M | New |
| LPTH Lightpath Technologies Inc. Class A | 0.13% | 133,595 | $1.4M | New |
| ZURA Zura Bio Ltd. | 0.12% | 259,165 | $1.4M | New |
| AXTI Axt Inc. | 0.11% | 75,000 | $1.2M | New |
| PEPG Pepgen Inc. | 0.11% | 186,916 | $1.2M | New |
| LTRX Lantronix Inc. | 0.11% | 206,398 | $1.2M | New |
| DUOT Duos Technologies Group Inc. | 0.10% | 106,481 | $1.2M | New |
| HYMC Hycroft Mining Holding Co. Class A | 0.10% | 50,000 | $1.2M | New |
| RSVR Reservoir Media Inc. | 0.10% | 156,954 | $1.2M | New |
| PRE Prenetics Global Ltd. Class A | 0.10% | 75,000 | $1.2M | New |
| ANRO Alto Neuroscience Inc. | 0.10% | 64,782 | $1.2M | New |
Options reported separately and not counted above: PLTR puts ($413.9M), LLY puts ($165.5M), TSLA puts ($94.4M), NVDA puts ($85.0M), MDGL puts ($57.7M), ALNY puts ($56.1M), PRAX puts ($50.0M), IONQ puts ($24.4M), NVO puts ($19.0M), COF puts ($18.2M), QURE calls ($17.9M), MSTR puts ($17.0M), and 17 more.
Other holdings (16): bonds, preferreds, convertibles and warrants · $60.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 21,750,000 | $41.1M | No change |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 10,000,000 | $8.2M | New |
| CARDLYTICS INC (CDLX 4.25 04/01/29) | NOTE 4.250% 4/0 · principal | 15,000,000 | $5.8M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 5,000,000 | $5.1M | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 703,443 | $53K | Reduce -8.0% |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 75,000 | $40K | No change |
| LAFAR Lafayette Acquisition Corp. | RIGHT 10/24/2030 | 250,000 | $34K | New |
| CHECW Chenghe Acquisition III Co. | *W EXP 09/09/203 | 100,000 | $20K | No change |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 50,000 | $18K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 75,000 | $15K | No change |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 50,000 | $14K | No change |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 200,000 | $10K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 125,000 | $6K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 150,000 | $4K | No change |
| ORIQW Origin Investment Corp. I -30 | *W EXP 06/27/203 | 15,000 | $3K | No change |
| APLMW Apollomics Inc.-27 | *W EXP 04/01/202 | 130,000 | $1K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q3 2025 → Q4 2025
| QURE Uniqure NV | Reduce -64.0% | 0.81% | −5.14 |
| WDC Western Digital Corp. | Reduce -57.7% | 2.16% | −1.71 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −1.65 |
| UWMC Uwm Holdings Corp. | Reduce -4.7% | 2.70% | −1.59 |
| BBIO Bridgebio Pharma Inc. | Reduce -99.3% | 0.01% | −1.47 |
| CCOI Cogent Communications Holdin | Reduce -7.7% | 1.13% | −1.24 |
| ERO Ero Copper Corp. | Sold out | 0.00% | −1.16 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −1.01 |
| B Barrick Mining Corp. | Reduce -46.7% | 1.53% | −0.81 |
| AMTM Amentum Holdings Inc. | Reduce -34.5% | 2.12% | −0.79 |
| GXO Gxo Logistics Inc. | Reduce -11.6% | 3.16% | −0.74 |
| PRCH Porch Group Inc. | Sold out | 0.00% | −0.72 |
| TVRD Tvardi Therapeutics Inc. | Sold out | 0.00% | −0.64 |
| SNDK Sandisk Corp. | Reduce -77.4% | 0.50% | −0.63 |
| AMLX Amylyx Pharmaceuticals Inc. | Reduce -6.3% | 1.75% | −0.53 |
| IMTX Immatics NV | Sold out | 0.00% | −0.42 |
| GERN Geron Corp. | Sold out | 0.00% | −0.39 |
| LEN Lennar Corp. Class A | Reduce -17.1% | 0.59% | −0.36 |
| SRPT Sarepta Therapeutics Inc. | Reduce -18.2% | 1.53% | −0.29 |
| BTI British American Tob-SP ADR | Sold out | 0.00% | −0.28 |
| XHR Xenia Hotels & Resorts Inc. | Reduce -29.8% | 0.56% | −0.28 |
| UNH Unitedhealth Group Inc. | Reduce -6.3% | 1.30% | −0.28 |
| MGTX Meiragtx Holdings PLC | Reduce -2.5% | 1.78% | −0.27 |
| NE Noble Corp. PLC | Reduce -74.6% | 0.08% | −0.26 |
| HCC Warrior Met Coal Inc. | Reduce -81.8% | 0.08% | −0.26 |
| WLAC Willow Lane Acquisition Class A | Sold out | 0.00% | −0.22 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.20 |
| MRP Millrose Properties | Sold out | 0.00% | −0.19 |
| SBLK Star Bulk Carriers Corp. | Sold out | 0.00% | −0.18 |
| ZVRA Zevra Therapeutics Inc. | Reduce -7.2% | 0.71% | −0.17 |
| IRS Irsa -SP ADR | Reduce -53.6% | 0.22% | −0.15 |
| INSE Inspired Entertainment Inc. | Reduce -5.7% | 0.87% | −0.13 |
| HDSN Hudson Technologies Inc. | Reduce -4.3% | 0.20% | −0.13 |
| STGW Stagwell Inc. | Reduce -6.7% | 0.36% | −0.12 |
| FLNA Filana Therapeutics Inc. | Sold out | 0.00% | −0.12 |
| MRSN Mersana Therapeutics Inc. | Sold out | 0.00% | −0.07 |
| SAIC Science Applications Inte | Reduce -6.7% | 0.43% | −0.06 |
| SVM Silvercorp Metals Inc. | Reduce -38.5% | 0.15% | −0.05 |
| VKTX Viking Therapeutics Inc. | Reduce -24.2% | 0.56% | −0.04 |
| IVVD Invivyd Inc. | Reduce -54.0% | 0.63% | −0.03 |
| PAX Patria Investments Ltd. Class A | Reduce -4.0% | 0.51% | −0.02 |
| SAFX XCF Global Inc. Class A | Sold out | 0.00% | −0.01 |
| PANL Pangaea Logistics Solutions | Reduce -7.5% | 0.30% | +0.04 |
| CRESY Cresud S.A.-Spons ADR | Reduce -3.9% | 0.47% | +0.08 |
| STTK Shattuck Labs Inc. | Reduce -9.3% | 0.44% | +0.10 |
| KNOP Knot Offshore Partners LP | Reduce -0.0% | 1.32% | +0.10 |
| GSAT Globalstar Inc. | Reduce -2.5% | 0.63% | +0.21 |
| PTGX Protagonist Therapeutics Inc. | Reduce -6.6% | 2.91% | +0.33 |
| FOLD Amicus Therapeutics Inc. | Reduce -4.2% | 1.00% | +0.37 |
| PHAT Phathom Pharmaceuticals Inc. | Reduce -1.9% | 2.59% | +0.55 |
Portfolio Buys Q3 2025 → Q4 2025
| KSPI JSC Kaspi.kz ADR | New | 1.81% | +1.81 |
| BDX Becton Dickinson and Co. | New | 1.53% | +1.53 |
| ANAB Anaptysbio Inc. | Add +18.5% | 2.75% | +1.16 |
| SUNC Sunococorp LLC | New | 1.01% | +1.01 |
| ELV Elevance Health Inc. | Add +133.3% | 1.29% | +0.74 |
| SOLS Solstice Adv Materials Inc. | New | 0.69% | +0.69 |
| GPK Graphic Packaging Holding Co. | New | 0.68% | +0.68 |
| HRMY Harmony Biosciences Holdings | Add +47.2% | 1.36% | +0.62 |
| MOH Molina Healthcare Inc. | Add +66.7% | 2.05% | +0.58 |
| COF Capital One Financial Corp. | Add +3.1% | 7.11% | +0.53 |
| VTYX Ventyx Biosciences Inc. | Add +4.0% | 0.82% | +0.53 |
| PURR Hyperliquid Strategies | New | 0.50% | +0.50 |
| GUTS Fractyl Health Inc. | Add +30.1% | 1.16% | +0.46 |
| RNAM Avidity Biosciences Inc. | New | 0.44% | +0.44 |
| HGV Hilton Grand Vacations Inc. | Add +19.2% | 2.92% | +0.43 |
| ENVA Enova International Inc. | New | 0.41% | +0.41 |
| RXO Rxo Inc. | New | 0.40% | +0.40 |
| LXEO Lexeo Therapeutics Inc. | Add +21.4% | 0.97% | +0.39 |
| ALDX Aldeyra Therapeutics Inc. | Add +86.6% | 0.69% | +0.29 |
| FRNM Freenome Inc. | Add +28.2% | 0.73% | +0.23 |
| LAFA Lafayette Acquisition Corp. | New | 0.22% | +0.22 |
| COIN Coinbase Global Inc. Class A | Add +423.3% | 0.31% | +0.21 |
| ALEC Alector Inc. | Add +235.0% | 0.46% | +0.18 |
| INAB IN8BIO Inc. | New | 0.15% | +0.15 |
| RARE Ultragenyx Pharmaceutical Inc. | Add +109.8% | 0.45% | +0.14 |
| GOSS Gossamer Bio Inc. | Add +2.6% | 1.41% | +0.14 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.13% | +0.13 |
| LPTH Lightpath Technologies Inc. Class A | New | 0.13% | +0.13 |
| ZURA Zura Bio Ltd. | New | 0.12% | +0.12 |
| DDI Doubledown Interactive -ADR | Add +66.7% | 0.38% | +0.11 |
| AXTI Axt Inc. | New | 0.11% | +0.11 |
| PEPG Pepgen Inc. | New | 0.11% | +0.11 |
| LTRX Lantronix Inc. | New | 0.11% | +0.11 |
| APLS Apellis Pharmaceuticals Inc. | Add +14.6% | 0.73% | +0.11 |
| DUOT Duos Technologies Group Inc. | New | 0.10% | +0.10 |
| HYMC Hycroft Mining Holding Co. Class A | New | 0.10% | +0.10 |
| RSVR Reservoir Media Inc. | New | 0.10% | +0.10 |
| PRE Prenetics Global Ltd. Class A | New | 0.10% | +0.10 |
| ANRO Alto Neuroscience Inc. | New | 0.10% | +0.10 |
| OWLT Owlet Inc. | New | 0.10% | +0.10 |
| PPIH Perma-Pipe International Hol | New | 0.10% | +0.10 |
| FBRX Forte Biosciences Inc. | New | 0.10% | +0.10 |
| KYTX Kyverna Therapeutics Inc. | New | 0.09% | +0.09 |
| UMAC Unusual Machines Inc. | New | 0.09% | +0.09 |
| ACHV Achieve Life Sciences Inc. | New | 0.09% | +0.09 |
| DIBS 1STDIBS.COM Inc. | New | 0.09% | +0.09 |
| CTNM Contineum Therapeutics Inc. Class A | New | 0.09% | +0.09 |
| LODE Comstock Inc. | New | 0.09% | +0.09 |
| AVTX Avalo Therapeutics Inc. | New | 0.09% | +0.09 |
| MRAM Everspin Technologies Inc. | New | 0.09% | +0.09 |
Options Activity Q3 2025 → Q4 2025
| PLTR Palantir Technologies Inc. Class A | put | Add +105.3% | 2,328,700 | $413.9M |
| LLY Eli Lilly & Co. | put | Add +2.7% | 154,000 | $165.5M |
| TSLA Tesla Inc. | put | Reduce -0.2% | 210,000 | $94.4M |
| NVDA Nvidia Corp. | put | New | 456,000 | $85.0M |
| MDGL Madrigal Pharmaceuticals Inc. | put | Reduce -34.9% | 99,000 | $57.7M |
| ALNY Alnylam Pharmaceuticals Inc. | put | Add +4.0% | 141,100 | $56.1M |
| INSM Insmed Inc. | put | Sold out | 375,000 | $54.0Mbefore exit |
| PRAX Praxis Precision Medicines I | put | New | 169,800 | $50.0M |
| UTHR United Therapeutics Corp. | put | Sold out | 75,200 | $31.5Mbefore exit |
| IONQ Ionq Inc. | put | Add +165.5% | 544,200 | $24.4M |
| NVO Novo-Nordisk A/S-Spons ADR | put | Reduce -37.5% | 374,200 | $19.0M |
| QURE Uniqure NV | call | New | 750,100 | $17.9M |
| MSTR Strategy Inc. | put | Reduce -19.4% | 111,700 | $17.0M |
| COIN Coinbase Global Inc. Class A | put | Reduce -13.9% | 52,500 | $11.9M |
| HIMS Hims & Hers Health Inc. | put | Add +9.7% | 340,000 | $11.0M |
| ARKG ARK Genomic Revolution ETF | put | New | 250,000 | $7.2M |
| MBX MBX Biosciences Inc. | put | Reduce -44.0% | 158,800 | $5.0M |
| VKTX Viking Therapeutics Inc. | call | Add +36.5% | 136,500 | $4.8M |
| PTGX Protagonist Therapeutics Inc. | call | New | 50,300 | $4.4M |
| MLTX Moonlake Immunotherapeutics | put | New | 255,400 | $3.4M |
| ARKK ARK Innovation ETF | put | Sold out | 37,500 | $3.2Mbefore exit |
| GLD SPDR Gold Shares | call | Sold out | 5,000 | $1.8Mbefore exit |
| KVUE Kenvue Inc. | put | New | 100,000 | $1.7M |
| ADMA Adma Biologics Inc. | put | New | 50,000 | $912K |
| SRRK Scholar Rock Holding Corp. | put | New | 16,200 | $714K |
| MLTX Moonlake Immunotherapeutics | call | New | 41,500 | $547K |
| ARCT Arcturus Therapeutics Holdin | put | New | 24,000 | $147K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 10,000,000 | $8.2M |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | Sold out | 5,145,000 | $3.6Mbefore exit |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | Sold out | 85,000 | $238Kbefore exit |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | Reduce -8.0% | 703,443 | $53K |
| LAFAR Lafayette Acquisition Corp. | RIGHT 10/24/2030 | New | 250,000 | $34K |
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 |