Boussard & Gavaudan Investment Management LLP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Boussard & Gavaudan Investment Management LLP reported 68 stock positions worth $621.1 million. Its top holding was Axon Enterprise Inc. (axon 0.5 12/15/27) at 11.4% of the portfolio, followed by Hess (HES, 7.1%) and CNX Resources Corp. (cnx 2.25 05/01/26) (6.0%). Compared with Q2 2024, it opened 36 new positions, sold out of 25, added to 17 and reduced 9. The biggest buy was Axon Enterprise Inc. (axon 0.5 12/15/27) (shares +78%) and the biggest sale an exit from Liberty Media Corp.-Liber-New (LSXMK).
- Most Recent 13F
- Q1 2026
- Location
- London, X0
- CIK
- 0001614986
- Portfolio Value
- $621.1M (Q3 2024)
- SEC Filing
- 0001614986-24-000009 ↗ filed Nov 14, 2024
Holdings Value
Holdings 68 stocks · $621.1M
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | 11.42% | 39,500 | $70.9M | Add +78.3% |
| HES Hess Corp. | 7.14% | 330,110 | $44.3M | Add +38.4% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | 6.02% | 14,675 | $37.4M | Add +47.9% |
| COST Costco Wholesale Corp. | 5.02% | 35,000 | $31.2M | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | 4.66% | 15,411 | $29.0M | Add +83.2% |
| PG The Procter & Gamble Co. | 4.47% | 160,390 | $27.8M | New |
| ANSS Ansys Inc. | 4.44% | 86,083 | $27.6M | Add +7.8% |
| V Visa Inc. Class A | 4.42% | 100,000 | $27.4M | New |
| ACN Accenture PLC Class A | 3.71% | 65,712 | $23.0M | New |
| X United States Steel Corp. | 3.35% | 600,000 | $20.8M | Reduce -18.4% |
| QCOM Qualcomm Inc. | 3.22% | 117,697 | $20.0M | New |
| CTLT Catalent Inc. | 2.94% | 302,336 | $18.3M | Reduce -21.0% |
| KO The Coca-Cola Co. | 2.85% | 245,963 | $17.7M | New |
| NVDA Nvidia Corp. | 2.83% | 145,556 | $17.6M | New |
| GOOGL Alphabet Inc. Class A | 2.82% | 106,672 | $17.5M | New |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | 2.80% | 14,180 | $17.4M | Add +35.0% |
| DFS Discover Financial Services | 2.07% | 91,871 | $12.9M | Reduce -32.7% |
| PNC PNC Financial Services Group | 2.05% | 69,188 | $12.7M | New |
| AON Aon PLC Class A | 1.93% | 34,764 | $12.0M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | 1.90% | 11,806 | $11.8M | Add +34.1% |
| TXN Texas Instruments Inc. | 1.74% | 52,514 | $10.8M | New |
| PM Philip Morris International | 1.63% | 83,910 | $10.1M | New |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.58% | 132,339 | $9.8M | New |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | 1.42% | 8,011 | $8.8M | Add +45.4% |
| SQSP Squarespace Inc. Class A | 1.34% | 178,803 | $8.3M | Add +72.1% |
| ANSC Agriculture & Natural Soluti | 1.17% | 700,000 | $7.2M | No change |
| LBRDK Liberty Broadband-C | 1.14% | 90,519 | $7.1M | Reduce -51.8% |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | 1.05% | 5,120 | $6.5M | Reduce -28.1% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | 1.01% | 6,000 | $6.3M | No change |
| VSTS Vestis Corp. | 0.91% | 379,628 | $5.7M | New |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 0.90% | 67,623 | $5.6M | New |
| ENV Envestnet Inc. | 0.89% | 88,628 | $5.5M | New |
| TRIP Tripadvisor Inc. | 0.83% | 355,688 | $5.2M | New |
| WING Wingstop Inc. | 0.79% | 11,777 | $4.9M | New |
| SOLV Solventum Corp. | 0.69% | 63,638 | $4.3M | New |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | 0.63% | 4,271 | $3.9M | New |
| CMG Chipotle Mexican Grill Inc. | 0.58% | 63,065 | $3.6M | New |
| ARES ACQUISITION CORP II | 0.52% | 300,000 | $3.3M | No change |
| GFL GFL Environmental Inc.-Sub VT | 0.42% | 64,838 | $2.6M | New |
| CAVA Cava Group Inc. | 0.30% | 15,200 | $1.9M | Reduce -57.6% |
| INFN Infinera Corp. | 0.20% | 188,298 | $1.3M | New |
| FA First Advantage Corp. | 0.07% | 21,946 | $434K | New |
| ASML ASML Holding NV-NY Reg SHS | 0.04% | 265 | $220K | New |
| INSMED INC (INSM 0.75 06/01/28) | 0.01% | 28,004 | $65K | Add +110.4% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | 0.01% | 55,000 | $55K | New |
| HUBSPOT INC (HUBS 0.375 06/01/25) | 0.01% | 26,500 | $50K | New |
| ETSY INC (ETSY 0.125 10/01/26) | 0.01% | 47,000 | $46K | Add +194.7% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | 0.00% | 19,500 | $31K | Add +30.0% |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | 0.00% | 17,876 | $26K | Add +121.3% |
| DATADOG INC (DDOG 0.125 06/15/25) | 0.00% | 16,846 | $22K | Add +193.2% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | 0.00% | 11,805 | $22K | Reduce -1.6% |
| FRESHPET INC (FRPT 3 04/01/28) | 0.00% | 8,990 | $19K | Add +19.9% |
| ZSCALER INC. (ZS 0.125 07/01/25) | 0.00% | 13,000 | $16K | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | 0.00% | 11,500 | $14K | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | 0.00% | 12,500 | $13K | Add +78.6% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | 0.00% | 10,473 | $12K | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | 0.00% | 10,500 | $12K | New |
| DROPBOX INC (DBX 0 03/01/28) | 0.00% | 11,600 | $11K | Add +52.6% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | 0.00% | 10,000 | $10K | New |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | 0.00% | 6,000 | $8K | Reduce -7.9% |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | 0.00% | 9,000 | $8K | No change |
| MONGODB INC (MDB 0.25 01/15/26) | 0.00% | 5,000 | $7K | New |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) filed as Q2 HLDGS INC | 0.00% | 6,000 | $7K | New |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | 0.00% | 5,500 | $6K | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) filed as POST HLDGS INC | 0.00% | 4,500 | $5K | New |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | 0.00% | 4,000 | $5K | Reduce -47.0% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | 0.00% | 3,000 | $3K | New |
| SHAKE SHACK INC (SHAK 0 03/01/28) | 0.00% | 1,000 | $933 | New |
Options reported separately and not counted above: UNITED STATES STL CORP NEW puts ($3.2M), STATE STR SPDR S&P 500 ETF T puts ($2.2M), VOLATILITY SHS TR puts ($382K), ETSY INC puts ($293K), VOLATILITY SHS TR calls ($259K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $119K (not counted above)
Total filed on the 13F, all lines: $621.2M.
Portfolio Sells Q2 2024 → Q3 2024
| LSXMK Liberty Media Corp.-Liber-New | Sold out | 0.00% | −6.41 |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | Reduce -1.6% | 0.00% | −5.56 |
| LSXMA Liberty Media Corp. Class A New | Sold out | 0.00% | −5.47 |
| X United States Steel Corp. | Reduce -18.4% | 3.35% | −5.46 |
| CTLT Catalent Inc. | Reduce -21.0% | 2.94% | −3.86 |
| DFS Discover Financial Services | Reduce -32.7% | 2.07% | −3.49 |
| RCM R1 RCM Inc. | Sold out | 0.00% | −3.32 |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | Sold out | 0.00% | −2.47 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −2.19 |
| LBRDK Liberty Broadband-C | Reduce -51.8% | 1.14% | −2.10 |
| INFINERA CORP (INFN 3.75 08/01/28) | Sold out | 0.00% | −1.75 |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | Reduce -28.1% | 1.05% | −1.47 |
| SBOW Silverbow Resources Inc. | Sold out | 0.00% | −1.42 |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | Sold out | 0.00% | −1.04 |
| CAVA Cava Group Inc. | Reduce -57.6% | 0.30% | −0.75 |
| BGC BGC Group Inc. Class A | Sold out | 0.00% | −0.72 |
| WISDOMTREE INC (WT 5.75 08/15/28) | Sold out | 0.00% | −0.59 |
| JWSMF Jaws Mustang Acquisition C-A | Sold out | 0.00% | −0.53 |
| SEMTECH CORP (SMTC 1.625 11/01/27) | Sold out | 0.00% | −0.45 |
| OSG Octave Specialty Group Inc. | Sold out | 0.00% | −0.17 |
| LION Lionsgate Studios Corp. | Sold out | 0.00% | −0.05 |
| ATSG Air Transport Services Group | Sold out | 0.00% | −0.05 |
| VRE Veris Residential Inc. | Sold out | 0.00% | −0.03 |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | Sold out | 0.00% | −0.01 |
| ITRON INC (ITRI 0 03/15/26) | Sold out | 0.00% | −0.00 |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | Sold out | 0.00% | −0.00 |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | Sold out | 0.00% | −0.00 |
| STRIDE INC (LRN 1.125 09/01/27) | Sold out | 0.00% | −0.00 |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | Reduce -47.0% | 0.00% | −0.00 |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | Reduce -7.9% | 0.00% | −0.00 |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | Sold out | 0.00% | −0.00 |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | Sold out | 0.00% | −0.00 |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | Sold out | 0.00% | −0.00 |
| DEXCOM INC (DXCM 0.25 11/15/25) | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | Add +78.3% | 11.42% | +11.41 |
| COST Costco Wholesale Corp. | New | 5.02% | +5.02 |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | Add +83.2% | 4.66% | +4.66 |
| PG The Procter & Gamble Co. | New | 4.47% | +4.47 |
| V Visa Inc. Class A | New | 4.42% | +4.42 |
| ACN Accenture PLC Class A | New | 3.71% | +3.71 |
| QCOM Qualcomm Inc. | New | 3.22% | +3.22 |
| KO The Coca-Cola Co. | New | 2.85% | +2.85 |
| NVDA Nvidia Corp. | New | 2.83% | +2.83 |
| GOOGL Alphabet Inc. Class A | New | 2.82% | +2.82 |
| PNC PNC Financial Services Group | New | 2.05% | +2.05 |
| AON Aon PLC Class A | New | 1.93% | +1.93 |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | Add +34.1% | 1.90% | +1.90 |
| TXN Texas Instruments Inc. | New | 1.74% | +1.74 |
| PM Philip Morris International | New | 1.63% | +1.63 |
| VMRK Vivmark Residential | New | 1.58% | +1.58 |
| VSTS Vestis Corp. | New | 0.91% | +0.91 |
| EXE Expand Energy Corp. | New | 0.90% | +0.90 |
| ENV Envestnet Inc. | New | 0.89% | +0.89 |
| TRIP Tripadvisor Inc. | New | 0.83% | +0.83 |
| WING Wingstop Inc. | New | 0.79% | +0.79 |
| SOLV Solventum Corp. | New | 0.69% | +0.69 |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | New | 0.63% | +0.63 |
| CMG Chipotle Mexican Grill Inc. | New | 0.58% | +0.58 |
| GFL GFL Environmental Inc.-Sub VT | New | 0.42% | +0.42 |
| INFN Infinera Corp. | New | 0.20% | +0.20 |
| FA First Advantage Corp. | New | 0.07% | +0.07 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.04% | +0.04 |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | New | 0.01% | +0.01 |
| HUBSPOT INC (HUBS 0.375 06/01/25) | New | 0.01% | +0.01 |
| ETSY INC (ETSY 0.125 10/01/26) | Add +194.7% | 0.01% | +0.00 |
| NUTANIX INC (NTNX 0.25 10/01/27) | New | 0.00% | +0.00 |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | New | 0.00% | +0.00 |
| INSMED INC (INSM 0.75 06/01/28) | Add +110.4% | 0.01% | +0.00 |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | New | 0.00% | +0.00 |
| MONGODB INC (MDB 0.25 01/15/26) | New | 0.00% | +0.00 |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | New | 0.00% | +0.00 |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | New | 0.00% | +0.00 |
| DATADOG INC (DDOG 0.125 06/15/25) | Add +193.2% | 0.00% | +0.00 |
| POST HOLDINGS INC (POST 2.5 08/15/27) | New | 0.00% | +0.00 |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | New | 0.00% | +0.00 |
| SHAKE SHACK INC (SHAK 0 03/01/28) | New | 0.00% | +0.00 |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | Add +78.6% | 0.00% | −0.00 |
| DROPBOX INC (DBX 0 03/01/28) | Add +52.6% | 0.00% | −0.00 |
| FRESHPET INC (FRPT 3 04/01/28) | Add +19.9% | 0.00% | −0.00 |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | Add +30.0% | 0.00% | −0.00 |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | Add +47.9% | 6.02% | −0.05 |
| SQSP Squarespace Inc. Class A | Add +72.1% | 1.34% | −0.09 |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | Add +45.4% | 1.42% | −0.37 |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | Add +35.0% | 2.80% | −1.33 |
Options Activity Q2 2024 → Q3 2024
| STATE STR SPDR S&P 500 ETF T | put | Add +366.7% | 3,500 | $2.2M |
| VOLATILITY SHS TR | put | Sold out | 7,211 | $841Kbefore exit |
| VOLATILITY SHS TR | put | New | 8,115 | $382K |
| VOLATILITY SHS TR | call | New | 1,000 | $259K |
| NVIDIA CORPORATION | put | Sold out | 20 | $92Kbefore exit |
| NVIDIA CORPORATION | call | Sold out | 51 | $6Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | Sold out | 30,000 | $98Kbefore exit |
| ZURA BIO LTD | *W EXP 99/99/999 | Sold out | 187,500 | $86Kbefore exit |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | Sold out | 75,000 | $43Kbefore exit |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | Sold out | 91,666 | $39Kbefore exit |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | Sold out | 275,000 | $11Kbefore exit |
| JWSWF Jaws Mustang Acq C -CW26 | *W EXP 01/30/202 | Sold out | 100,000 | $10Kbefore exit |
| EVTWF Vertical Aerospace Ltd. -CW26 | *W EXP 12/16/202 | Sold out | 240,000 | $8Kbefore exit |
| BKSYW Blacksky Technology -CW24 | *W EXP 09/09/202 | Sold out | 265,081 | $8Kbefore exit |
| BLEUACACIA LTD | RIGHT 10/30/2026 | Sold out | 225,000 | $8Kbefore exit |
| VWEWQ Vintage Wine Estates -CW27 | *W EXP 06/08/202 | Sold out | 415,253 | $3Kbefore exit |
| BLEUACACIA LTD | *W EXP 10/30/202 | Sold out | 112,500 | $2Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 69 | $420.1M | WBD, EA, EQUINOX GOLD CORP (EQXCN 4.75 10/15/28), NSC, GUARDANT HEALTH INC (GH 1.25 02/15/31) |
| Q4 2025 | 77 | $660.5M | SNOWFLAKE INC (SNOW 0 10/01/29), BX, AAPL, BOX INC (BOX 0 01/15/26), NSC |
| Q3 2025 | 64 | $456.4M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), STRATEGY INC (MSTR 0.625 09/15/28), WESTERN DIGITAL CORP (WDC 3 11/15/28), BOX INC (BOX 0 01/15/26), BURLINGTON STORES INC (BURL 1.25 12/15/27) |
| Q2 2025Amended | 48 | $381.3M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), BOX INC (BOX 0 01/15/26), HES, LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29), INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) |
| Q1 2025 | 44 | $314.7M | HES, AXON ENTERPRISE INC (AXON 0.5 12/15/27), ANSS, BURLINGTON STORES INC (BURL 1.25 12/15/27), BOX INC (BOX 0 01/15/26) |
| Q4 2024 | 78 | $755.7M | MSFT, AAPL, NVDA, GOOGL, LLY |
| Q3 2024 | 68 | $621.1M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), HES, CNX RESOURCES CORP (CNX 2.25 05/01/26), COST, INTERDIGITAL INC (IDCC 3.5 06/01/27) |
| Q2 2024 | 57 | $316.9M | HES, X, ANSS, CTLT, LSXMK |
| Q1 2024 | 62 | $549.7M | PXD, LSXMK, HES, ALTAIR ENGINEERING INC (ALTR 0.25 06/01/24), X |