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

0$500.0M$1.0B$1.5B Q1 2024: $907.2M Q1 2024 Q2 2024: $851.1M Q2 2024 Q3 2024: $878.6M Q3 2024 Q4 2024: $909.7M Q4 2024 Q1 2025: $898.4M Q1 2025 Q2 2025: $930.0M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B $1.1B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.0B Q2 2026

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
OWLT Owlet Inc. 0.10% 70,000 $1.1M New
PPIH Perma-Pipe International Hol 0.10% 36,954 $1.1M New
FBRX Forte Biosciences Inc. 0.10% 40,000 $1.1M New
KYTX Kyverna Therapeutics Inc. 0.09% 114,900 $1.1M New
UMAC Unusual Machines Inc. 0.09% 84,751 $1.1M New
ACHV Achieve Life Sciences Inc. 0.09% 214,897 $1.1M New
DIBS 1STDIBS.COM Inc. 0.09% 175,786 $1.1M New
CTNM Contineum Therapeutics Inc. Class A 0.09% 91,442 $1.0M New
LODE Comstock Inc. 0.09% 276,243 $1.0M New
AVTX Avalo Therapeutics Inc. 0.09% 56,850 $1.0M New
PYXS Pyxis Oncology Inc. 0.09% 891,910 $1.0M Add +69.9%
MRAM Everspin Technologies Inc. 0.09% 109,943 $1.0M New
LWAC Lightwave Acquisition Corp. Class A 0.09% 100,000 $1.0M No change
IMRX Immuneering Corp. Class A 0.09% 150,697 $992K New
FOSL Fossil Group Inc. 0.09% 258,065 $970K New
SRZN Surrozen Inc. 0.08% 41,999 $949K New
ASMB Assembly Biosciences Inc. 0.08% 27,863 $948K New
NE Noble Corp. PLC 0.08% 32,500 $918K Reduce -74.6%
INFU Infusystem Holdings Inc. 0.08% 100,465 $901K New
SPCE Virgin Galactic Holdings Inc. 0.08% 280,160 $899K New
VERI Veritone Inc. 0.08% 191,517 $891K New
HCC Warrior Met Coal Inc. 0.08% 10,000 $882K Reduce -81.8%
ARMP Armata Pharmaceuticals Inc. 0.08% 139,860 $878K New
FCEL Fuelcell Energy Inc. 0.08% 120,000 $877K New
AMPY Amplify Energy Corp. 0.08% 188,679 $862K New
IA Innovative Solutions & Supp 0.07% 45,000 $852K New
CABA Cabaletta Bio Inc. 0.07% 388,562 $851K New
OBIO Orchestra Biomed Holdings Inc. 0.07% 204,076 $847K New
CLYM Climb Bio Inc. 0.07% 201,652 $807K New
QUINCE THERAPEUTICS INC 0.07% 238,177 $798K New
MCRB Seres Therapeutics Inc. 0.07% 52,314 $778K New
CAMP CAMP4 Therapeutics Corp. 0.07% 126,363 $775K New
CCCC C4 Therapeutics Inc. 0.07% 400,000 $764K New
CAE Cae Inc. 0.07% 25,000 $761K No change
OYSE Oyster Enterprises II Acq-A 0.07% 75,000 $758K No change
SGMT Sagimet Biosciences Inc. Class A 0.07% 126,349 $748K New
GSIT Gsi Technology Inc. 0.06% 118,835 $738K New
VTVT VTV Therapeutics Inc. Class A 0.06% 18,268 $731K New
RAIL Freightcar America Inc. 0.06% 65,596 $726K New
CRBP Corbus Pharmaceuticals Holdi 0.06% 85,543 $696K New
KLRS Kalaris Therapeutics Inc. 0.06% 80,590 $680K New
GALT Galectin Therapeutics Inc. 0.06% 162,484 $676K New
GEOS Geospace Technologies Corp. 0.06% 39,252 $664K New
RANI Rani Therapeutics Holdings Class A 0.06% 487,168 $658K New
XGN Exagen Inc. 0.06% 107,571 $654K New
OSS One Stop Systems Inc. 0.06% 90,253 $648K New
REKR Rekor Systems Inc. 0.06% 467,011 $644K New
MODULAR MED INC 0.06% 1,762,103 $642K Add +79.4%
TAYD Taylor Devices Inc. 0.05% 10,371 $606K New
BDTX Black Diamond Therapeutics I 0.05% 247,958 $603K New
DFDV Defi Development Corp. 0.05% 117,990 $596K New
SRI Stoneridge Inc. 0.05% 101,765 $589K New
NEOV Neovolta Inc. 0.05% 193,798 $589K New
IMDX Insight Molecular Diagnostic 0.05% 77,204 $579K New
LHAI Linkhome Holdings Inc. 0.05% 75,000 $573K New
GNLX Genelux Corp. 0.05% 131,084 $572K New
TWIN Twin Disc Inc. 0.05% 31,967 $533K New
AIFC AI Financial Corp. filed as ALT5 SIGMA CORP 0.05% 480,308 $528K New
RDNW Ridenow Group Inc. 0.05% 95,304 $526K New
IDN Intellicheck Inc. 0.04% 76,895 $514K New
MBOT Microbot Medical Inc. 0.04% 256,033 $512K New
PLBY Playboy Inc. 0.04% 261,780 $492K New
LGCY Legacy Education Inc. 0.04% 46,296 $472K New
ONL Orion Properties Inc. 0.04% 208,134 $470K New
CCLD Carecloud Inc. 0.04% 159,761 $467K New
COYA Coya Therapeutics Inc. 0.04% 80,128 $465K New
ELTX Elicio Therapeutics Inc. 0.04% 56,442 $449K New
NTHI Neonc Technologies Holdings 0.04% 53,476 $442K New
GPMT Granite Point Mortgage Trust 0.04% 183,150 $440K New
APYX Apyx Medical Corp. 0.04% 124,506 $436K New
INO Inovio Pharmaceuticals Inc. 0.04% 248,790 $433K New
BTCS BTCS Inc. 0.04% 161,992 $428K New
ZENA Zenatech Inc. 0.04% 128,126 $410K New
DTIL Precision Biosciences Inc. 0.04% 97,085 $404K New
CHCI Comstock Holding Companies 0.03% 34,127 $397K New
SRFM Surf Air Mobility Inc. 0.03% 202,971 $394K New
AKA Aka Brands Holding Corp. 0.03% 36,417 $390K New
JFB JFB Construction Holdin Class A 0.03% 26,596 $389K New
MDXH Mdxhealth 0.03% 107,623 $384K New
RILY BRC Group Holdings Inc. filed as B. RILEY FINANCIAL INC 0.03% 80,000 $374K New
AGEN Agenus Inc. 0.03% 114,336 $359K New
ANIX Anixa Biosciences Inc. 0.03% 113,636 $355K New
RPID Rapid Micro Biosystems Inc. Class A 0.03% 120,773 $350K New
SCLX Scilex Holding Co. 0.03% 27,312 $333K New
AMTX Aemetis Inc. 0.03% 235,557 $327K New
CRGO Freightos Ltd. 0.03% 143,269 $327K New
PLCE The Children's Place Inc. 0.03% 79,210 $315K New
ORIQ Origin Investment Corp. I 0.03% 30,000 $304K No change
BBIO Bridgebio Pharma Inc. 0.01% 2,000 $153K Reduce -99.3%

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)
SecurityClassShares / PrincipalValueChange
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 21,750,000$41.1MNo change
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal 10,000,000$8.2MNew
CARDLYTICS INC (CDLX 4.25 04/01/29) NOTE 4.250% 4/0 · principal 15,000,000$5.8MNo change
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 5,000,000$5.1MNo change
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 703,443$53KReduce -8.0%
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 75,000$40KNo change
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 250,000$34KNew
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 100,000$20KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 50,000$18KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 75,000$15KNo change
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 50,000$14KNo change
BRLSW Oxus Acquisition Corp. -CW23 *W EXP 02/07/202 200,000$10KNo change
ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 125,000$6KNo change
MSAIW Sportsmap Tech Acq -CW27 *W EXP 12/19/202 150,000$4KNo change
ORIQW Origin Investment Corp. I -30 *W EXP 06/27/203 15,000$3KNo change
APLMW Apollomics Inc.-27 *W EXP 04/01/202 130,000$1KNo 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 107$1.0BCOF, CVNA, ANAB, KSPI, BDX
Q1 2026 188$1.0BCOF, CVNA, PTGX, WVE, BDX
Q4 2025 189$1.1BCOF, WVE, CVNA, GXO, HGV
Q3 2025 102$1.1BCOF, QURE, CVNA, UWMC, GXO
Q2 2025 101$930.0MCOF, CVNA, GXO, AMTM, HGV
Q1 2025 103$898.4MCOF, GXO, CVNA, WVE, HGV
Q4 2024 191$909.7MCOF, WVE, CVNA, HGV, ERO
Q3 2024 93$878.6MCOF, ERO, HGV, CVNA, WVE
Q2 2024 88$851.1MHGV, COF, SN, ERO, BWA
Q1 2024 80$907.2MHGV, COF, ERO, SN, BWA