Alphadyne Asset Management LP In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Alphadyne Asset Management LP reported 7 stock positions worth $167.2 million . Its top holding was Microsoft (MSFT) at 62.6% of the portfolio, followed by Nvidia (NVDA, 13.8% ) and iShares Russell 2000 ETF (IWM, 10.7% ). Compared with Q2 2024, it opened 5 new positions, sold out of 5, added to 1 and reduced 1. The biggest buy was Microsoft (MSFT, shares +40% ) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
Location NEW YORK, NY
CIK 0001535943
Portfolio Value $167.2M (Q3 2024) Holdings 7 stocks · $167.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 MSFT Microsoft Corp. 243,000 $104.6M Add +40.5% NVDA Nvidia Corp. 189,984 $23.1M New IWM iShares Russell 2000 ETF 81,121 $17.9M New FXI iShares China Large-Cap ETF 258,200 $8.2M New SMH Vaneck Semiconductor ETF 32,374 $7.9M New URA Global X Uranium ETF 162,194 $4.6M New RSP Invesco S&P 500 Equal Weight 4,500 $806K Reduce -55.0%
Options reported separately and not counted above: IWM puts ($263.6M), GLD puts ($83.7M), FXI calls ($66.7M), GLD calls ($31.1M), NVDA puts ($28.2M), SMH puts ($18.7M), COPX calls ($5.8M), C calls ($5.4M), EWZ calls ($2.1M).
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −63.08 KRE SS SPDR S&P Regional Bank Sold out 0.00% −1.04 XLI SS Industrial Select Sector Sold out 0.00% −0.40 RSP Invesco S&P 500 Equal Weight Reduce -55.0% 0.48% −0.25 HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.14 QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.03
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ MSFT Microsoft Corp. Add +40.5% 62.56% +27.98 NVDA Nvidia Corp. New 13.80% +13.80 IWM iShares Russell 2000 ETF New 10.72% +10.72 FXI iShares China Large-Cap ETF New 4.91% +4.91 SMH Vaneck Semiconductor ETF New 4.75% +4.75 URA Global X Uranium ETF New 2.78% +2.78
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put New 1,193,300 $263.6M GLD SPDR Gold Shares put Reduce -19.6% 344,400 $83.7M QQQ Invesco QQQ Trust Series 1 call Sold out 155,200 $74.4Mbefore exit FXI iShares China Large-Cap ETF call Add +769.2% 2,100,000 $66.7M GLD SPDR Gold Shares call Reduce -12.2% 127,800 $31.1M NVDA Nvidia Corp. put New 232,400 $28.2M DIA SS SPDR Dow Jones Indus Avg put Sold out 54,100 $21.2Mbefore exit DIA SS SPDR Dow Jones Indus Avg call Sold out 48,600 $19.0Mbefore exit SMH Vaneck Semiconductor ETF put New 76,300 $18.7M SPY SS SPDR S&P 500 ETF Trust-US call Sold out 27,800 $15.1Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui call Sold out 191,000 $14.7Mbefore exit XLV SS Health Care Select Sector call Sold out 97,300 $14.2Mbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Sold out 24,100 $13.1Mbefore exit XLV SS Health Care Select Sector put Sold out 84,200 $12.3Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 152,400 $11.8Mbefore exit C Citigroup Inc. call New 87,000 $5.4M BABA Alibaba Group Holding-SP ADR call Sold out 70,000 $5.0Mbefore exit XLI SS Industrial Select Sector put Sold out 30,400 $3.7Mbefore exit XLI SS Industrial Select Sector call Sold out 29,900 $3.6Mbefore exit XLE SS Energy Select Sector put Sold out 34,500 $3.1Mbefore exit XLE SS Energy Select Sector call Sold out 33,000 $3.0Mbefore exit EWZ iShares MSCI Brazil ETF call New 70,200 $2.1M EEM iShares MSCI Emerging Market call Sold out 45,000 $1.9Mbefore exit EEM iShares MSCI Emerging Market put Sold out 42,100 $1.8Mbefore exit KWEB Kranesh Csi China Internet call Sold out 61,600 $1.7Mbefore exit QQQ Invesco QQQ Trust Series 1 put Sold out 2,600 $1.2Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 204 $2.2B SPY, QQQ, IWM, MU, MSFT Q1 2026 251 $764.6M MSFT, CF, ADBE, TSM, GOOGL Q4 2025 196 $1.0B SPY, QQQ, MSFT, WFC, GOOGL Q3 2025 52 $148.1M SPY, IWM, QQQ, ITB, URA Q2 2025 32 $32.9M QQQ, GLD, FXI, BABA, IWM Q1 2025 3 $353.9M FXI, BABA, RSP Q4 2024 10 $241.2M MSFT, NVDA, IWM, SPY, AAPL Q3 2024 7 $167.2M MSFT, NVDA, IWM, FXI, SMH Q2 2024 7 $223.6M SPY, MSFT, KRE, RSP, XLI Q1 2024 1 $49.5M GOOG