Alphadyne Asset Management LP In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Alphadyne Asset Management LP reported 10 stock positions worth $241.2 million . Its top holding was Microsoft (MSFT) at 46.6% of the portfolio, followed by Nvidia (NVDA, 19.3% ) and iShares Russell 2000 ETF (IWM, 8.4% ). Compared with Q3 2024, it opened 6 new positions, sold out of 3 and added to 3. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale an exit from iShares China Large-Cap ETF (FXI).
Location NEW YORK, NY
CIK 0001535943
Portfolio Value $241.2M (Q4 2024) Holdings 10 stocks · $241.2M 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 Q3 2024 MSFT Microsoft Corp. 266,793 $112.5M Add +9.8% NVDA Nvidia Corp. 345,842 $46.4M Add +82.0% IWM iShares Russell 2000 ETF 92,225 $20.4M Add +13.7% SPY SS SPDR S&P 500 ETF Trust-US 26,928 $15.8M New AAPL Apple Inc. 44,708 $11.2M New TSLA Tesla Inc. 26,970 $10.9M New GOOG Alphabet Inc. Class C 56,271 $10.7M New AMZN Amazon.com Inc. 48,768 $10.7M New GLD SPDR Gold Shares 7,798 $1.9M New RSP Invesco S&P 500 Equal Weight 4,500 $789K No change
Options reported separately and not counted above: TSLA puts ($112.7M), GLD puts ($102.5M), NVDA puts ($59.0M), IWM puts ($47.5M), GLD calls ($40.8M), TSLA calls ($18.4M), C calls ($6.1M), ASHR calls ($2.8M), HOOD calls ($648K), CCJ calls ($596K), COPX calls ($382K).
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ FXI iShares China Large-Cap ETF Sold out 0.00% −4.91 SMH Vaneck Semiconductor ETF Sold out 0.00% −4.75 URA Global X Uranium ETF Sold out 0.00% −2.78
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ SPY SS SPDR S&P 500 ETF Trust-US New 6.54% +6.54 NVDA Nvidia Corp. Add +82.0% 19.25% +5.45 AAPL Apple Inc. New 4.64% +4.64 TSLA Tesla Inc. New 4.51% +4.51 GOOG Alphabet Inc. Class C New 4.44% +4.44 AMZN Amazon.com Inc. New 4.44% +4.44 GLD SPDR Gold Shares New 0.78% +0.78 IWM iShares Russell 2000 ETF Add +13.7% 8.45% −2.27 MSFT Microsoft Corp. Add +9.8% 46.62% −15.94
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ TSLA Tesla Inc. put New 279,000 $112.7M GLD SPDR Gold Shares put Add +22.9% 423,300 $102.5M FXI iShares China Large-Cap ETF call Sold out 2,100,000 $66.7Mbefore exit NVDA Nvidia Corp. put Add +89.0% 439,300 $59.0M IWM iShares Russell 2000 ETF put Reduce -82.0% 215,000 $47.5M GLD SPDR Gold Shares call Add +32.0% 168,700 $40.8M SMH Vaneck Semiconductor ETF put Sold out 76,300 $18.7Mbefore exit TSLA Tesla Inc. call New 45,600 $18.4M ASHR Xtrackers Harvest Csi 300 CH call New 105,200 $2.8M EWZ iShares MSCI Brazil ETF call Sold out 70,200 $2.1Mbefore exit HOOD Robinhood Markets Inc. Class A call New 17,400 $648K CCJ Cameco Corp. call New 11,600 $596K COPX Global X Copper Miners ETF call Reduce -91.8% 10,000 $382K
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