Brevan Howard Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Brevan Howard Capital Management LP reported 1,068 stock positions worth $3.5 billion. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 29.2% of the portfolio, followed by iShares MSCI Emerging Market (EEM, 5.2%) and Apple (AAPL, 2.3%). Compared with Q4 2024, it opened 522 new positions, sold out of 410, added to 311 and reduced 226. The biggest buy was Apple (AAPL, shares +10806%) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- ST. HELIER, Y9
- CIK
- 0001512857
- Portfolio Value
- $3.5B (Q1 2025)
- SEC Filing
- 0000905148-25-001719 ↗ filed May 15, 2025
Holdings Value
Holdings 1,068 stocks · $3.5B
| IBIT iShares Bitcoin Trust ETF | 29.17% | 21,567,122 | $1.0B | Reduce -15.7% |
| EEM iShares MSCI Emerging Market | 5.23% | 4,200,000 | $183.5M | Reduce -50.5% |
| AAPL Apple Inc. | 2.32% | 365,687 | $81.2M | Add +10806.3% |
| NVDA Nvidia Corp. | 1.94% | 651,090 | $68.2M | Add +1149.5% |
| PFE Pfizer Inc. | 1.76% | 2,432,498 | $61.6M | Add +993.6% |
| MSFT Microsoft Corp. | 1.59% | 148,609 | $55.8M | Add +151.3% |
| META Meta Platforms Inc. Class A | 1.53% | 92,908 | $53.5M | Add +190.1% |
| BLK BlackRock Inc. | 1.17% | 43,499 | $41.2M | New |
| MA Mastercard Inc. Class A | 0.85% | 55,466 | $29.8M | Add +102.8% |
| USB US Bancorp | 0.84% | 701,545 | $29.6M | Add +1402.6% |
| CME Cme Group Inc. | 0.81% | 107,278 | $28.5M | Add +3.0% |
| FCX Freeport-McMoran Inc. | 0.78% | 725,601 | $27.5M | Add +703.4% |
| XOM Exxon Mobil Corp. | 0.67% | 196,382 | $23.4M | Add +48.8% |
| PLTR Palantir Technologies Inc. Class A | 0.67% | 276,705 | $23.4M | Add +6817.6% |
| HES Hess Corp. | 0.66% | 145,850 | $23.3M | Add +33.5% |
| FYBR Frontier Communications Pare | 0.59% | 577,353 | $20.7M | Add +41.9% |
| TPR Tapestry Inc. | 0.58% | 288,634 | $20.3M | New |
| WFC Wells Fargo & Co. | 0.54% | 263,918 | $18.9M | Add +41.0% |
| HBAN Huntington Bancshares Inc. | 0.48% | 1,117,730 | $16.8M | Add +2749.2% |
| CRM Salesforce Inc. | 0.47% | 63,319 | $16.6M | Add +29.9% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.47% | 91,384 | $16.3M | Add +1896.2% |
| GM General Motors Co. | 0.46% | 339,600 | $16.0M | Add +58.3% |
| SPR Spirit Aerosystems Hold Class A | 0.44% | 443,416 | $15.3M | New |
| JNPR Juniper Networks Inc. | 0.43% | 422,459 | $15.2M | Add +101.2% |
| JPM JPMorgan Chase & Co. | 0.43% | 60,800 | $14.9M | New |
| CSCO Cisco Systems Inc. | 0.40% | 228,993 | $14.1M | Add +1018.6% |
| ABBV Abbvie Inc. | 0.40% | 66,543 | $13.9M | New |
| MP MP Materials Corp. | 0.37% | 532,925 | $13.0M | New |
| DFS Discover Financial Services | 0.36% | 75,000 | $12.5M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 280,953 | $11.6M | Reduce -46.6% |
| ETR Entergy Corp. | 0.31% | 128,888 | $11.0M | Add +1085.1% |
| TMUS T-Mobile US Inc. | 0.31% | 41,263 | $11.0M | New |
| BAH Booz Allen Hamilton Holdings | 0.30% | 101,829 | $10.6M | Add +127.5% |
| JNJ Johnson & Johnson | 0.30% | 64,025 | $10.6M | New |
| GLW Corning Inc. | 0.30% | 229,038 | $10.5M | Add +212.4% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.30% | 302,129 | $10.4M | Reduce -44.8% |
| CAT Caterpillar Inc. | 0.29% | 31,261 | $10.3M | New |
| PYPL PayPal Holdings Inc. | 0.29% | 153,533 | $10.0M | Add +59.9% |
| BWA Borgwarner Inc. | 0.28% | 337,715 | $9.7M | Add +533.8% |
| SHOP Shopify Inc. Class A | 0.26% | 93,782 | $9.0M | Add +1230.2% |
| BSX Boston Scientific Corp. | 0.25% | 88,119 | $8.9M | Reduce -9.5% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.25% | 485,405 | $8.8M | Reduce -16.1% |
| T AT&T Inc. | 0.25% | 309,434 | $8.8M | Add +208.6% |
| KLAC KLA Corp. | 0.25% | 12,690 | $8.6M | Add +225.5% |
| LOW Lowe's Cos Inc. | 0.24% | 36,592 | $8.5M | Add +85.8% |
| AMAT Applied Materials Inc. | 0.23% | 55,832 | $8.1M | New |
| UNP Union Pacific Corp. | 0.23% | 34,244 | $8.1M | Add +122.0% |
| BMA Banco Macro SA-ADR | 0.22% | 105,483 | $7.8M | Reduce -27.6% |
| LRCX Lam Research Corp. | 0.22% | 105,410 | $7.7M | Reduce -17.5% |
| FWRD Forward Air Corp. | 0.22% | 380,785 | $7.6M | Add +52.3% |
| LEN Lennar Corp. Class A | 0.22% | 66,465 | $7.6M | Add +294.7% |
| AAL American Airlines Group Inc. | 0.22% | 722,811 | $7.6M | Add +11.0% |
| XLF SS Financial Select Sector | 0.21% | 150,000 | $7.5M | Reduce -95.2% |
| AIG American International Group | 0.21% | 85,452 | $7.4M | New |
| CI The Cigna Group | 0.21% | 22,439 | $7.4M | Reduce -33.2% |
| WELL Welltower Inc. | 0.21% | 47,731 | $7.3M | New |
| EWZ iShares MSCI Brazil ETF | 0.21% | 279,009 | $7.2M | New |
| NEM Newmont Corp. | 0.20% | 146,405 | $7.1M | New |
| MGY Magnolia Oil & Gas Corp. Class A | 0.20% | 277,218 | $7.0M | New |
| ABT Abbott Laboratories | 0.20% | 52,640 | $7.0M | New |
| ECL Ecolab Inc. | 0.20% | 27,183 | $6.9M | Add +530.7% |
| ZION Zions Bancorp NA | 0.20% | 138,016 | $6.9M | Add +195.8% |
| AMGN Amgen Inc. | 0.20% | 22,056 | $6.9M | New |
| DHI D.R. Horton Inc. | 0.19% | 53,413 | $6.8M | Reduce -10.2% |
| MDY State Street SPDR S&P Midcap | 0.19% | 12,308 | $6.6M | Reduce -8.0% |
| KEY Keycorp | 0.19% | 409,342 | $6.5M | Add +315.3% |
| EDN Emp Distrib Y Comerc Nor-ADR filed as EMPRESA DIST Y COMERCIAL NOR | 0.19% | 217,374 | $6.5M | Add +48.3% |
| PM Philip Morris International | 0.18% | 40,557 | $6.4M | Add +261.1% |
| PPTA Perpetua Resources Corp. | 0.18% | 592,407 | $6.3M | New |
| CARR Carrier Global Corp. | 0.18% | 99,556 | $6.3M | New |
| NOC Northrop Grumman Corp. | 0.18% | 12,327 | $6.3M | Reduce -55.9% |
| C Citigroup Inc. | 0.18% | 87,023 | $6.2M | Reduce -49.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.17% | 49,770 | $6.1M | Add +35.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 62,259 | $6.0M | Add +96.4% |
| ADBE Adobe Inc. | 0.17% | 15,647 | $5.9M | Add +25.9% |
| CCK Crown Holdings Inc. | 0.16% | 64,305 | $5.7M | Reduce -47.9% |
| TRV The Travelers Cos Inc. | 0.16% | 21,605 | $5.7M | Add +168.1% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.16% | 103,627 | $5.7M | New |
| QCOM Qualcomm Inc. | 0.16% | 37,518 | $5.6M | Add +120.9% |
| SOFI Sofi Technologies Inc. | 0.16% | 482,472 | $5.6M | Add +61.0% |
| WBD Warner Bros Discovery Inc. | 0.16% | 522,551 | $5.6M | Add +363.8% |
| MCK McKesson Corp. | 0.16% | 8,322 | $5.6M | Reduce -20.9% |
| USFD US Foods Holding Corp. | 0.16% | 84,983 | $5.6M | Add +26.1% |
| CTAS Cintas Corp. | 0.16% | 26,869 | $5.5M | Reduce -19.8% |
| RS Reliance Inc. | 0.16% | 18,939 | $5.5M | New |
| FTNT Fortinet Inc. | 0.15% | 55,393 | $5.3M | Reduce -36.0% |
| VZ Verizon Communications Inc. | 0.15% | 117,529 | $5.3M | Reduce -57.8% |
| SLM SLM Corp. | 0.15% | 179,284 | $5.3M | New |
| SUPV Grupo Supervielle SA-SP ADR | 0.15% | 409,000 | $5.3M | Reduce -68.4% |
| UAL United Airlines Holdings Inc. | 0.15% | 75,330 | $5.2M | Reduce -37.0% |
| CNC Centene Corp. | 0.15% | 85,581 | $5.2M | Add +5.6% |
| VNET Vnet Group Inc.-ADR | 0.15% | 622,798 | $5.1M | Add +6.1% |
| ROP Roper Technologies Inc. | 0.14% | 8,582 | $5.1M | New |
| TLN Talen Energy Corp. | 0.14% | 24,973 | $5.0M | Reduce -27.2% |
| FXI iShares China Large-Cap ETF | 0.14% | 138,180 | $5.0M | Add +708.1% |
| VRSN Verisign Inc. | 0.14% | 19,477 | $4.9M | New |
| SNV Synovus Financial Corp. | 0.14% | 105,498 | $4.9M | New |
| TSN Tyson Foods Inc. Class A | 0.14% | 77,218 | $4.9M | Add +221.7% |
| RF Regions Financial Corp. | 0.14% | 226,191 | $4.9M | New |
| NFLX Netflix Inc. | 0.14% | 5,397 | $4.9M | Reduce -65.4% |
Options reported separately and not counted above: EEM calls ($3.4B), XLF calls ($1.1B), ASHR calls ($438.0M), HYG puts ($411.6M), IWM puts ($279.3M), BABA calls ($247.7M), SPY puts ($223.8M), XLV puts ($182.1M), XLK calls ($75.4M), FXI puts ($53.8M), EFA puts ($49.0M), KWEB calls ($27.9M), and 33 more.
Other holdings (9): bonds, preferreds, convertibles and warrants · $60.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 11,000,000 | $10.4M | New |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 9,500,000 | $9.4M | Add +90.0% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 6,000,000 | $8.7M | Reduce -14.3% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 7,500,000 | $7.3M | New |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,000,000 | $7.2M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 7,500,000 | $6.8M | New |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 10,000,000 | $6.0M | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 4,000,000 | $4.0M | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 603,324 | $33K | No change |
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q4 2024 → Q1 2025
| IBIT iShares Bitcoin Trust ETF | Reduce -15.7% | 29.17% | −5.52 |
| EEM iShares MSCI Emerging Market | Reduce -50.5% | 5.23% | −3.65 |
| XLF SS Financial Select Sector | Reduce -95.2% | 0.21% | −3.58 |
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −2.36 |
| VIST Vista Energy Sab DE CV | Reduce -85.4% | 0.09% | −0.58 |
| PAM Pampa Energia SA-Spon ADR | Sold out | 0.00% | −0.57 |
| GOOG Alphabet Inc. Class C | Reduce -83.7% | 0.08% | −0.46 |
| COIN Coinbase Global Inc. Class A | Reduce -70.2% | 0.14% | −0.46 |
| LLY Eli Lilly & Co. | Reduce -93.8% | 0.03% | −0.42 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.41 |
| NTRA Natera Inc. | Sold out | 0.00% | −0.36 |
| SUPV Grupo Supervielle SA-SP ADR | Reduce -68.4% | 0.15% | −0.34 |
| CEG Constellation Energy | Reduce -96.8% | 0.01% | −0.34 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.33 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.32 |
| YPF YPF S.A.-Sponsored ADR | Reduce -44.8% | 0.30% | −0.29 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -72.3% | 0.10% | −0.28 |
| BKNG Booking Holdings Inc. | Reduce -83.9% | 0.05% | −0.27 |
| X United States Steel Corp. | Reduce -80.4% | 0.10% | −0.27 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.26 |
| SCHW Schwab (charles) Corp. | Reduce -72.9% | 0.12% | −0.26 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.26 |
| ACI Albertsons Cos Inc. Class A | Reduce -89.0% | 0.04% | −0.25 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.25 |
| BAC Bank of America Corp. | Reduce -46.6% | 0.33% | −0.25 |
| IBKR Interactive Brokers Gro Class A | Reduce -81.7% | 0.06% | −0.24 |
| EME Emcor Group Inc. | Reduce -87.4% | 0.03% | −0.24 |
| NFE New Fortress Energy Inc. | Sold out | 0.00% | −0.23 |
| ANET Arista Networks Inc. | Reduce -79.1% | 0.05% | −0.23 |
| NFLX Netflix Inc. | Reduce -65.4% | 0.14% | −0.21 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.21 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.21 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.20 |
| GOOGL Alphabet Inc. Class A | Reduce -76.0% | 0.06% | −0.20 |
| INTC Intel Corp. | Sold out | 0.00% | −0.20 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.20 |
| IRS Irsa -SP ADR | Sold out | 0.00% | −0.19 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -62.9% | 0.09% | −0.19 |
| UNH Unitedhealth Group Inc. | Reduce -69.7% | 0.10% | −0.18 |
| FOXA Fox Corp. Class A | Sold out | 0.00% | −0.18 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.18 |
| EIX Edison International | Sold out | 0.00% | −0.18 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.17 |
| WCC Wesco International Inc. | Reduce -84.2% | 0.03% | −0.17 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.17 |
| CORZ Core Scientific Inc. | Reduce -72.1% | 0.03% | −0.16 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.16 |
| F Ford Motor Co. | Sold out | 0.00% | −0.15 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.15 |
| NOC Northrop Grumman Corp. | Reduce -55.9% | 0.18% | −0.15 |
Portfolio Buys Q4 2024 → Q1 2025
| AAPL Apple Inc. | Add +10806.3% | 2.32% | +2.30 |
| NVDA Nvidia Corp. | Add +1149.5% | 1.94% | +1.77 |
| PFE Pfizer Inc. | Add +993.6% | 1.76% | +1.61 |
| BLK BlackRock Inc. | New | 1.17% | +1.17 |
| META Meta Platforms Inc. Class A | Add +190.1% | 1.53% | +1.06 |
| MSFT Microsoft Corp. | Add +151.3% | 1.59% | +0.97 |
| USB US Bancorp | Add +1402.6% | 0.84% | +0.79 |
| FCX Freeport-McMoran Inc. | Add +703.4% | 0.78% | +0.70 |
| PLTR Palantir Technologies Inc. Class A | Add +6817.6% | 0.67% | +0.66 |
| TPR Tapestry Inc. | New | 0.58% | +0.58 |
| MA Mastercard Inc. Class A | Add +102.8% | 0.85% | +0.49 |
| HBAN Huntington Bancshares Inc. | Add +2749.2% | 0.48% | +0.46 |
| MTB M & T Bank Corp. | Add +1896.2% | 0.47% | +0.44 |
| SPR Spirit Aerosystems Hold Class A | New | 0.44% | +0.44 |
| JPM JPMorgan Chase & Co. | New | 0.43% | +0.43 |
| ABBV Abbvie Inc. | New | 0.40% | +0.40 |
| CSCO Cisco Systems Inc. | Add +1018.6% | 0.40% | +0.37 |
| MP MP Materials Corp. | New | 0.37% | +0.37 |
| DFS Discover Financial Services | New | 0.36% | +0.36 |
| TMUS T-Mobile US Inc. | New | 0.31% | +0.31 |
| XOM Exxon Mobil Corp. | Add +48.8% | 0.67% | +0.31 |
| JNJ Johnson & Johnson | New | 0.30% | +0.30 |
| HES Hess Corp. | Add +33.5% | 0.66% | +0.30 |
| CAT Caterpillar Inc. | New | 0.29% | +0.29 |
| ETR Entergy Corp. | Add +1085.1% | 0.31% | +0.29 |
| JNPR Juniper Networks Inc. | Add +101.2% | 0.43% | +0.24 |
| FYBR Frontier Communications Pare | Add +41.9% | 0.59% | +0.24 |
| SHOP Shopify Inc. Class A | Add +1230.2% | 0.26% | +0.24 |
| BWA Borgwarner Inc. | Add +533.8% | 0.28% | +0.23 |
| AMAT Applied Materials Inc. | New | 0.23% | +0.23 |
| AIG American International Group | New | 0.21% | +0.21 |
| GLW Corning Inc. | Add +212.4% | 0.30% | +0.21 |
| WFC Wells Fargo & Co. | Add +41.0% | 0.54% | +0.21 |
| WELL Welltower Inc. | New | 0.21% | +0.21 |
| EWZ iShares MSCI Brazil ETF | New | 0.21% | +0.21 |
| CME Cme Group Inc. | Add +3.0% | 0.81% | +0.21 |
| NEM Newmont Corp. | New | 0.20% | +0.20 |
| MGY Magnolia Oil & Gas Corp. Class A | New | 0.20% | +0.20 |
| ABT Abbott Laboratories | New | 0.20% | +0.20 |
| AMGN Amgen Inc. | New | 0.20% | +0.20 |
| T AT&T Inc. | Add +208.6% | 0.25% | +0.19 |
| KLAC KLA Corp. | Add +225.5% | 0.25% | +0.18 |
| PPTA Perpetua Resources Corp. | New | 0.18% | +0.18 |
| CARR Carrier Global Corp. | New | 0.18% | +0.18 |
| ECL Ecolab Inc. | Add +530.7% | 0.20% | +0.17 |
| GM General Motors Co. | Add +58.3% | 0.46% | +0.17 |
| HRB H&R Block Inc. | New | 0.16% | +0.16 |
| LEN Lennar Corp. Class A | Add +294.7% | 0.22% | +0.16 |
| BAH Booz Allen Hamilton Holdings | Add +127.5% | 0.30% | +0.16 |
| RS Reliance Inc. | New | 0.16% | +0.16 |
Options Activity Q4 2024 → Q1 2025
| EEM iShares MSCI Emerging Market | call | Add +3013.7% | 77,842,000 | $3.4B |
| EEM iShares MSCI Emerging Market | put | Sold out | 73,565,700 | $3.1Bbefore exit |
| XLF SS Financial Select Sector | put | Sold out | 41,112,500 | $2.0Bbefore exit |
| XLF SS Financial Select Sector | call | Reduce -67.9% | 23,045,300 | $1.1B |
| MSFT Microsoft Corp. | call | Sold out | 2,286,700 | $963.8Mbefore exit |
| ASHR Xtrackers Harvest Csi 300 CH | call | Add +1248.6% | 16,484,540 | $438.0M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +943.6% | 5,217,800 | $411.6M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Sold out | 4,700,000 | $369.7Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Add +180.0% | 1,400,000 | $279.3M |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 500,000 | $255.6Mbefore exit |
| BABA Alibaba Group Holding-SP ADR | call | Add +44.5% | 1,900,000 | $247.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +78.2% | 400,000 | $223.8M |
| XLU St Sr Utl SL SE SPDR ETF-Usd | call | Sold out | 2,625,000 | $198.7Mbefore exit |
| GDX Vaneck Gold Miners ETF | call | Sold out | 5,760,000 | $195.3Mbefore exit |
| XLV SS Health Care Select Sector | put | New | 1,247,300 | $182.1M |
| XLV SS Health Care Select Sector | call | Sold out | 947,300 | $130.3Mbefore exit |
| NEM Newmont Corp. | call | Sold out | 2,520,000 | $93.8Mbefore exit |
| XLK SS Technology Select Sector | call | Add +65.9% | 365,000 | $75.4M |
| FXI iShares China Large-Cap ETF | put | New | 1,500,000 | $53.8M |
| EFA iShares MSCI Eafe ETF | put | New | 600,000 | $49.0M |
| AMZN Amazon.com Inc. | call | Sold out | 200,000 | $43.9Mbefore exit |
| XRT SS SPDR S&P Retail ETF | put | Sold out | 520,000 | $41.4Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 59,000 | $30.2Mbefore exit |
| KWEB Kranesh Csi China Internet | call | Add +785.0% | 800,000 | $27.9M |
| KBE SS SPDR S&P Bank ETF | call | New | 500,000 | $26.5M |
| CRM Salesforce Inc. | put | New | 100,000 | $26.3M |
| BABA Alibaba Group Holding-SP ADR | put | New | 200,000 | $26.1M |
| ACI Albertsons Cos Inc. Class A | call | New | 1,181,000 | $26.0M |
| EWZ iShares MSCI Brazil ETF | put | New | 1,000,000 | $25.9M |
| TLT iShares 20+ Year Treasury BD | put | Sold out | 240,000 | $21.0Mbefore exit |
| INTC Intel Corp. | call | Sold out | 1,000,000 | $20.1Mbefore exit |
| XLB SS Materials Select Sector | call | New | 216,300 | $18.6M |
| SLB SLB Ltd. | call | New | 400,000 | $16.7M |
| MA Mastercard Inc. Class A | call | New | 25,000 | $13.4M |
| AMD Advanced Micro Devices | call | New | 108,000 | $10.9M |
| UBER Uber Technologies Inc. | put | New | 133,000 | $9.7M |
| AGNC AGNC Investment Corp. | put | New | 1,000,000 | $9.6M |
| SCHW Schwab (charles) Corp. | put | New | 121,100 | $9.4M |
| NFE New Fortress Energy Inc. | call | Add +450.0% | 1,100,000 | $9.1M |
| TAC Transalta Corp. | call | Add +682.8% | 782,800 | $7.3M |
| XLB SS Materials Select Sector | put | Sold out | 82,000 | $6.9Mbefore exit |
| X United States Steel Corp. | call | New | 150,000 | $6.3M |
| KWEB Kranesh Csi China Internet | put | Sold out | 199,600 | $5.8Mbefore exit |
| AMT American Tower Corp. | call | New | 22,000 | $4.8M |
| CSGP Costar Group Inc. | call | New | 60,000 | $4.8M |
| IGV iShares Expanded Tech-Softwa | call | New | 50,000 | $4.4M |
| XLI SS Industrial Select Sector | put | New | 27,900 | $3.7M |
| CORZ Core Scientific Inc. | call | New | 500,000 | $3.6M |
| BHC Bausch Health Cos Inc. | put | New | 475,000 | $3.1M |
| SMCI Super Micro Computer Inc. | call | Sold out | 100,000 | $3.0Mbefore exit |
Showing the first 50 of 63.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | Sold out | 23,500,000 | $21.5Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | New | 11,000,000 | $10.4M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +90.0% | 9,500,000 | $9.4M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -14.3% | 6,000,000 | $8.7M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | New | 7,500,000 | $7.3M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 6,000,000 | $7.2M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 7,500,000 | $6.8M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Sold out | 5,000,000 | $6.5Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | New | 10,000,000 | $6.0M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Sold out | 7,500,000 | $5.4Mbefore exit |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | Sold out | 2,000,000 | $1.4Mbefore exit |
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 | 1,888 | $6.8B | IVV, IBIT, AAPL, MSFT, KRE |
| Q1 2026 | 1,996 | $9.7B | IBIT, QQQ, HYG, NVDA, TSLA |
| Q4 2025 | 1,604 | $4.8B | FTKI, IBIT, GOOGL, GOOG, IVV |
| Q3 2025 | 1,793 | $6.9B | IBIT, MSFT, GOOGL, META, NVDA |
| Q2 2025 | 1,718 | $9.0B | IBIT, IVVB, GOOGL, MSFT, PLTR |
| Q1 2025 | 1,068 | $3.5B | IBIT, EEM, AAPL, NVDA, PFE |
| Q4 2024 | 955 | $4.0B | IBIT, EEM, XLF, ETHA, VIST |
| Q3 2024 | 1,038 | $2.0B | EEM, MSFT, NVDA, SPOT, META |
| Q2 2024 | 966 | $1.5B | HYG, AAPL, XLF, XOM, UNH |
| Q1 2024 | 910 | $1.1B | WDAY, PXD, CME, HES, AAPL |