Capula Management Ltd

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Capula Management Ltd reported 240 stock positions worth $14.6 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 72.6% of the portfolio, followed by Nvidia (NVDA, 7.5%) and iShares Bitcoin Trust ETF (IBIT, 3.4%). Compared with Q3 2024, it opened 121 new positions, sold out of 166, added to 58 and reduced 58. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +91%) and the biggest sale an exit from Vanguard S&P 500 ETF (VOO).

Most Recent 13F
Q2 2026
Location
Grand Cayman, E9
CIK
0001557017
Portfolio Value
$14.6B (Q4 2024)
SEC Filing
0001172661-25-000727 ↗ filed Feb 13, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B$25.0B Q1 2024: $3.0B Q1 2024 Q2 2024: $8.9B Q2 2024 Q3 2024: $8.0B Q3 2024 Q4 2024: $14.6B $14.6B Q4 2024 Q1 2025: $13.5B Q1 2025 Q2 2025: $8.1B Q2 2025 Q3 2025: $13.4B Q3 2025 Q4 2025: $15.4B Q4 2025 Q1 2026: $11.4B Q1 2026 Q2 2026: $22.6B Q2 2026

Holdings 240 stocks · $14.6B
SPY SS SPDR S&P 500 ETF Trust-US 72.59% 18,108,453 $10.6B Add +91.0%
NVDA Nvidia Corp. 7.51% 8,176,737 $1.1B Add +89.2%
IBIT iShares Bitcoin Trust ETF 3.36% 9,268,886 $491.7M Add +8.7%
TLT iShares 20+ Year Treasury BD 3.12% 5,216,417 $455.5M New
FBTC Fidelity Wise Origin Bitcoin 3.04% 5,450,078 $444.6M Add +5.1%
CRWD CrowdStrike Holdings Inc. Class A 1.51% 643,886 $220.3M Add +320241.3%
DELL Dell Technologies -C 0.99% 1,250,000 $144.1M New
AMD Advanced Micro Devices 0.92% 1,108,727 $133.9M Add +158516.2%
CVX Chevron Corp. 0.60% 601,472 $87.1M New
GOOGL Alphabet Inc. Class A 0.57% 443,147 $83.9M Add +46.0%
MAR Marriott International Class A 0.57% 300,522 $83.8M Add +34803.8%
GOOG Alphabet Inc. Class C 0.57% 440,000 $83.8M New
MSFT Microsoft Corp. 0.55% 190,944 $80.5M Reduce -37.1%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.54% 275,000 $79.6M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.45% 300,606 $66.1M Add +59662.6%
AAPL Apple Inc. 0.40% 234,956 $58.8M Reduce -7.0%
TGT Target Corp. 0.34% 363,600 $49.2M New
SMAR Smartsheet Inc. Class A 0.17% 455,678 $25.5M Add +110.0%
XLF SS Financial Select Sector 0.17% 513,211 $24.8M New
HDB HDFC Bank Ltd.-ADR 0.17% 380,946 $24.3M Add +48.2%
ASX Ase Technology Holding -ADR 0.15% 2,197,070 $22.1M Add +117.8%
BIDU Baidu Inc. - Spon ADR 0.14% 250,000 $21.1M New
SUM Summit Materials Inc. Class A 0.12% 355,734 $18.0M New
K Kellanova 0.11% 204,464 $16.6M Reduce -0.9%
ALTM Arcadium Lithium PLC 0.07% 2,100,000 $10.8M New
ATSG Air Transport Services Group 0.07% 483,068 $10.6M New
ROIC Retail Opportunity Investmen 0.06% 516,829 $9.0M New
NWSA News Corp. Class A 0.05% 283,682 $7.8M Add +21.1%
HEI.A Heico Corp. Class A 0.04% 32,279 $6.0M Add +19.9%
ZUO Zuora Inc. Class A 0.04% 601,245 $6.0M Add +544.5%
LGF.B Lions Gate Entertainment-B 0.04% 772,032 $5.8M No change
UA Under Armour Inc. Class C 0.04% 729,067 $5.4M Add +18.7%
IP International Paper Co. 0.04% 97,971 $5.3M Reduce -15.0%
MCHI iShares MSCI China ETF 0.03% 99,400 $4.7M No change
FOXA Fox Corp. Class A 0.03% 95,677 $4.6M Add +1526.6%
PBR.A Petroleo Brasil-SP Pref ADR 0.03% 341,776 $4.0M Add +32.7%
UHAL.B U-Haul Holding Co.-Non Voting 0.03% 60,790 $3.9M Add +81.1%
QQQ Invesco QQQ Trust Series 1 0.03% 7,401 $3.8M Reduce -89.9%
CRH CRH PLC 0.02% 38,811 $3.6M Add +238.3%
CCEP Coca-Cola Europacific Partne 0.02% 44,978 $3.5M New
LEN Lennar Corp. Class A 0.02% 24,365 $3.3M New
ZG Zillow Group Inc. Class A 0.02% 46,576 $3.3M Add +42.8%
INDA iShares MSCI India ETF 0.02% 61,100 $3.2M Add +17.3%
USAP Universal Stainless & Alloy 0.02% 67,899 $3.0M New
IEF iShares 7-10 Year Treasury B 0.02% 30,000 $2.8M New
FERG Ferguson Enterprises Inc. 0.02% 14,785 $2.6M Add +66.4%
CENTA Central Garden and Pet Co. Class A 0.02% 77,243 $2.6M Add +13.2%
SILV Silvercrest Metals Inc. 0.02% 255,557 $2.3M New
ARGX Argenx SE - ADR 0.01% 3,179 $2.0M New
LBRDA Liberty Broadband-A 0.01% 21,402 $1.6M No change
ADBE Adobe Inc. 0.01% 3,500 $1.6M Add +210.3%
APP AppLovin Corp. Class A 0.01% 4,668 $1.5M New
FYBR Frontier Communications Pare 0.01% 43,181 $1.5M Reduce -91.5%
AGS Playags Inc. 0.01% 129,563 $1.5M Reduce -75.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 37,485 $1.4M New
DDOG Datadog Inc. Class A 0.01% 9,041 $1.3M Add +216.2%
LBRDK Liberty Broadband-C 0.01% 16,177 $1.2M Reduce -45.2%
BABA Alibaba Group Holding-SP ADR 0.01% 13,608 $1.2M New
CPNG Coupang Inc. 0.01% 50,986 $1.1M New
IBN Icici Bank Ltd.-Spon ADR 0.01% 37,200 $1.1M Add +102.2%
WBD Warner Bros Discovery Inc. 0.01% 101,181 $1.1M New
COIN Coinbase Global Inc. Class A 0.01% 4,228 $1.0M Add +101.3%
SNOW Snowflake Inc. 0.01% 6,435 $994K Add +544.1%
CRM Salesforce Inc. 0.01% 2,893 $967K Add +3114.4%
APO Apollo Global Management Inc. 0.01% 5,781 $955K Reduce -80.2%
WDAY Workday Inc. Class A 0.01% 3,629 $936K Reduce -74.6%
TSLA Tesla Inc. 0.01% 2,213 $894K Add +9521.7%
CCRN Cross Country Healthcare Inc. 0.01% 49,127 $892K New
AMZN Amazon.com Inc. 0.01% 3,874 $850K Reduce -99.5%
SIL Global X Silver Miners ETF 0.01% 23,940 $761K New
ON On Semiconductor 0.01% 11,763 $742K New
META Meta Platforms Inc. Class A 0.01% 1,251 $732K Add +558.4%
UBER Uber Technologies Inc. 0.00% 11,621 $701K New
AGIO Agios Pharmaceuticals Inc. 0.00% 20,849 $685K New
ADI Analog Devices Inc. 0.00% 3,224 $685K Add +704.0%
INTC Intel Corp. 0.00% 29,503 $592K Add +1260.8%
BALY Bally's Corp. 0.00% 32,183 $576K New
MLCO Melco Resorts & Entert-ADR 0.00% 96,646 $560K New
XOM Exxon Mobil Corp. 0.00% 5,088 $547K Reduce -99.0%
WMT Walmart Inc. 0.00% 5,761 $521K Reduce -15.5%
VZ Verizon Communications Inc. 0.00% 12,888 $515K Add +1767.8%
XYZ Block Inc. 0.00% 6,026 $512K New
JNJ Johnson & Johnson 0.00% 3,467 $501K Add +762.4%
SO The Southern Co. 0.00% 6,074 $500K New
LRN Stride Inc. 0.00% 4,611 $479K New
RIO Rio Tinto PLC-Spon ADR 0.00% 7,980 $469K New
ORCL Oracle Corp. 0.00% 2,724 $454K New
AMAT Applied Materials Inc. 0.00% 2,791 $454K Add +148.3%
AVGO Broadcom Inc. 0.00% 1,920 $445K Reduce -89.3%
FTI Technipfmc PLC 0.00% 15,257 $442K New
GIS General Mills Inc. 0.00% 6,769 $432K New
ARQT Arcutis Biotherapeutics Inc. 0.00% 30,797 $429K Reduce -65.3%
GE General Electric filed as GE AEROSPACE 0.00% 2,562 $427K Add +1162.1%
PDD PDD Holdings Inc. 0.00% 4,362 $423K Add +694.5%
SHOP Shopify Inc. Class A 0.00% 3,861 $411K New
UNH Unitedhealth Group Inc. 0.00% 810 $410K New
B Barrick Gold Corp. 0.00% 26,367 $409K New
AAL American Airlines Group Inc. 0.00% 23,276 $406K New
CNO Cno Financial Group Inc. 0.00% 10,830 $403K Reduce -68.1%
PINS Pinterest Inc. Class A 0.00% 13,866 $402K New
ZS Zscaler Inc. 0.00% 2,212 $399K New
COST Costco Wholesale Corp. 0.00% 435 $399K Reduce -99.1%
SE Sea Ltd.-ADR 0.00% 3,715 $394K New
FCX Freeport-McMoran Inc. 0.00% 10,186 $388K Add +429.1%
MAT Mattel Inc. 0.00% 21,827 $387K New
PYPL PayPal Holdings Inc. 0.00% 4,523 $386K New
JBLU Jetblue Airways Corp. 0.00% 49,010 $385K Reduce -62.3%
SPOT Spotify Technology SA 0.00% 857 $383K Reduce -44.0%
VFC VF Corp. 0.00% 17,469 $375K New
CL Colgate-Palmolive Co. 0.00% 4,116 $374K New
MELI MercadoLibre Inc. 0.00% 220 $374K New
MCD McDonald's Corp. 0.00% 1,264 $366K Add +230.0%
MDGL Madrigal Pharmaceuticals Inc. 0.00% 1,148 $354K New
HIMS Hims & Hers Health Inc. 0.00% 14,647 $354K New
TARS Tarsus Pharmaceuticals Inc. 0.00% 6,396 $354K New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.00% 4,716 $354K New
GBX Greenbrier Companies Inc. 0.00% 5,783 $353K New
QDEL Quidelortho Corp. 0.00% 7,860 $350K New
PFE Pfizer Inc. 0.00% 13,071 $347K New
MRVL Marvell Technology Inc. 0.00% 3,070 $339K Add +1045.5%
PG The Procter & Gamble Co. 0.00% 2,020 $339K Add +130.3%
VLO Valero Energy Corp. 0.00% 2,757 $338K New
NDAQ Nasdaq Inc. 0.00% 4,340 $336K Reduce -15.2%
HPK Highpeak Energy Inc. 0.00% 22,777 $335K New
LNG Cheniere Energy Inc. 0.00% 1,553 $334K Reduce -73.5%
WM Waste Management Inc. 0.00% 1,650 $333K New
COUR Coursera Inc. 0.00% 39,044 $332K Reduce -66.0%
ALLY Ally Financial Inc. 0.00% 9,169 $330K New
GT Goodyear Tire & Rubber Co. 0.00% 36,640 $330K New
KLAC KLA Corp. 0.00% 520 $328K Add +205.9%
TCBI Texas Capital Bancshares Inc. 0.00% 4,151 $325K New
LLY Eli Lilly & Co. 0.00% 420 $324K Reduce -99.5%
CNK Cinemark Holdings Inc. 0.00% 10,437 $323K Reduce -69.5%
DK Delek US Holdings Inc. 0.00% 17,344 $321K Reduce -60.5%
RLJ RLJ Lodging Trust 0.00% 31,416 $321K New
AUPH Aurinia Pharmaceuticals Inc. 0.00% 35,670 $320K New
CXW Corecivic Inc. 0.00% 14,691 $319K New
KEY Keycorp 0.00% 18,594 $319K New
LAUR Laureate Education Inc. 0.00% 17,314 $317K Reduce -68.9%
PK Park Hotels & Resorts Inc. 0.00% 22,354 $315K New
ANET Arista Networks Inc. 0.00% 2,845 $314K New
ISRG Intuitive Surgical Inc. 0.00% 600 $313K Add +0.2%
TILE Interface Inc. 0.00% 12,798 $312K Reduce -73.9%
RITM Rithm Capital Corp. 0.00% 28,704 $311K Add +12.4%
LNC Lincoln National Corp. 0.00% 9,791 $310K New
SUPN Supernus Pharmaceuticals Inc. 0.00% 8,574 $310K New
CENX Century Aluminum Company 0.00% 16,963 $309K New
DMC Del Monte Corp. filed as FRESH DEL MONTE PRODUCE INC 0.00% 9,264 $308K Reduce -73.2%
MATX Matson Inc. 0.00% 2,266 $306K New
TDOC Teladoc Health Inc. 0.00% 33,576 $305K New
PTON Peloton Interactive Inc. Class A 0.00% 35,077 $305K New
VST Vistra Corp. 0.00% 2,198 $303K New
ALL Allstate Corp. 0.00% 1,571 $303K Add +36.5%
SBUX Starbucks Corp. 0.00% 3,308 $302K Add +1289.9%
XNCR Xencor Inc. 0.00% 13,120 $301K New
BRO Brown & Brown Inc. 0.00% 2,954 $301K New
AGO Assured Guaranty Ltd. 0.00% 3,320 $299K New
BANC Banc of California Inc. 0.00% 19,296 $298K New
MMM 3M Co. 0.00% 2,302 $297K New
TGI Triumph Group Inc. 0.00% 15,898 $297K New
GM General Motors Co. 0.00% 5,539 $295K Reduce -1.2%
NFLX Netflix Inc. 0.00% 330 $294K Reduce -99.5%
KHC The Kraft Heinz Co. 0.00% 9,563 $294K Reduce -35.3%
PAYO Payoneer Global Inc. 0.00% 28,881 $290K New
UDMY Udemy Inc. 0.00% 35,164 $289K New
MCY Mercury General Corp. 0.00% 4,349 $289K New
CARS Cars.com Inc. 0.00% 16,666 $289K New
BA The Boeing Co. 0.00% 1,623 $287K New
LUCK Lucky Strike Entertainment C 0.00% 28,661 $287K New
PBI Pitney Bowes Inc. 0.00% 39,246 $284K Reduce -73.8%
GOGO Gogo Inc. 0.00% 34,879 $282K New
PARAA Paramount Global Class B 0.00% 26,876 $281K Reduce -68.0%
GIII G-III Apparel Group Ltd. 0.00% 8,532 $278K Reduce -69.3%
ED Consolidated Edison Inc. 0.00% 3,086 $275K New
VMEO Vimeo Inc. 0.00% 42,745 $274K New
CDE Coeur Mining Inc. 0.00% 47,297 $271K New
TXN Texas Instruments Inc. 0.00% 1,396 $262K Add +66.0%
NAVI Navient Corp. 0.00% 19,587 $260K New
SIRI Sirius XM Holdings Inc. 0.00% 11,277 $257K New
RSG Republic Services Inc. 0.00% 1,266 $255K New
GERN Geron Corp. 0.00% 70,487 $250K New
MRNA Moderna Inc. 0.00% 5,914 $246K New
FOR Forestar Group Inc. 0.00% 9,371 $243K New
STAG Stag Industrial Inc. 0.00% 7,167 $242K Reduce -0.9%
HAL Halliburton Co. 0.00% 8,796 $239K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 1,967 $238K Reduce -53.9%
CPK Chesapeake Utilities Corp. 0.00% 1,955 $237K New
STLA Stellantis NV 0.00% 18,237 $229K New
JPM JPMorgan Chase & Co. 0.00% 924 $221K Reduce -57.0%
UAA Under Armour Inc. Class A 0.00% 26,727 $221K Reduce -75.8%
SPGI S&P Global Inc. 0.00% 444 $221K Reduce -58.6%
EMB iShares JP Morgan Usd Emergi 0.00% 2,454 $219K Reduce -98.8%
ACMR Acm Research Inc. Class A 0.00% 14,441 $218K Reduce -70.1%
AXP American Express Co. 0.00% 733 $218K New
RTX RTX Corp. 0.00% 1,846 $214K New
HD Home Depot Inc. 0.00% 546 $212K New
PARAA Paramount Global Class A 0.00% 9,378 $209K Reduce -74.6%
ASPN Aspen Aerogels Inc. 0.00% 17,523 $208K New
ARVN Arvinas Inc. 0.00% 10,758 $206K Reduce -65.9%
AIZ Assurant Inc. 0.00% 944 $201K New
INTU Intuit Inc. 0.00% 291 $183K Add +11.9%
CMCSA Comcast Corp. Class A 0.00% 4,839 $182K Add +79.5%
LRCX Lam Research Corp. 0.00% 2,448 $177K New
QCOM Qualcomm Inc. 0.00% 1,136 $175K Reduce -58.7%
V Visa Inc. Class A 0.00% 491 $155K Add +83.2%
IBRX Immunitybio Inc. 0.00% 60,101 $154K New
PEP Pepsico Inc. 0.00% 1,002 $152K Reduce -50.4%
PBR Petroleo Brasileiro-Spon ADR 0.00% 11,385 $146K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 3,191 $140K Reduce -69.0%
MA Mastercard Inc. Class A 0.00% 261 $137K New
ACN Accenture PLC Class A 0.00% 374 $132K Reduce -56.5%
PHAT Phathom Pharmaceuticals Inc. 0.00% 16,083 $131K New
BKNG Booking Holdings Inc. 0.00% 25 $124K New
BLK BlackRock Inc. 0.00% 121 $124K New
ETN Eaton Corp. PLC 0.00% 324 $108K New
WFC Wells Fargo & Co. 0.00% 1,518 $107K Add +28.9%
LXP LXP Industrial Trust 0.00% 12,147 $99K Reduce -24.9%
NOW ServiceNow Inc. 0.00% 91 $96K New
LIN Linde PLC 0.00% 224 $94K New
ABBV Abbvie Inc. 0.00% 521 $93K Add +42.0%
PM Philip Morris International 0.00% 751 $90K Add +576.6%
KO The Coca-Cola Co. 0.00% 1,335 $83K New
LOW Lowe's Cos Inc. 0.00% 329 $81K Add +1545.0%
HON Honeywell International Inc. 0.00% 349 $79K New
MS Morgan Stanley 0.00% 627 $79K Reduce -55.9%
MRK Merck & Co. Inc. 0.00% 741 $74K Reduce -54.1%
GS Goldman Sachs Group Inc. 0.00% 127 $73K New
CSCO Cisco Systems Inc. 0.00% 1,217 $72K Reduce -40.0%
COP Conocophillips 0.00% 720 $71K Reduce -98.5%
NET Cloudflare Inc. Class A 0.00% 659 $71K New
CAT Caterpillar Inc. 0.00% 189 $69K Add +71.8%
DHR Danaher Corp. 0.00% 274 $63K Add +222.3%
AMGN Amgen Inc. 0.00% 228 $59K Reduce -70.2%
PGR Progressive Corp. 0.00% 244 $58K Reduce -82.1%
KOS Kosmos Energy Ltd. 0.00% 16,821 $58K Reduce -90.8%
ABT Abbott Laboratories 0.00% 485 $55K Reduce -86.8%
NEE Nextera Energy Inc. 0.00% 737 $53K Reduce -83.9%
TMO Thermo Fisher Scientific Inc. 0.00% 93 $48K New
FLNA Filana Therapeutics Inc. filed as CASSAVA SCIENCES INC 0.00% 11,739 $28K Reduce -64.1%
AVO Mission Produce Inc. 0.00% 20,128 $0 New

Options reported separately and not counted above: NVDA puts ($746.1M), CRWD puts ($222.4M), LQD puts ($213.7M), XLF calls ($208.3M), DELL puts ($144.1M), AMD puts ($138.6M), CVX puts ($87.4M), MAR puts ($83.7M), MSTR puts ($79.6M), AAPL puts ($69.8M), SPY calls ($67.4M), IBM puts ($66.2M), and 111 more.

Portfolio Sells Q3 2024 → Q4 2024
VOO Vanguard S&P 500 ETF Sold out 0.00% −3.77
AMZN Amazon.com Inc. Reduce -99.5% 0.01% −1.96
MSFT Microsoft Corp. Reduce -37.1% 0.55% −1.09
LLY Eli Lilly & Co. Reduce -99.5% 0.00% −0.98
XOM Exxon Mobil Corp. Reduce -99.0% 0.00% −0.73
EEM iShares MSCI Emerging Market Sold out 0.00% −0.63
COST Costco Wholesale Corp. Reduce -99.1% 0.00% −0.55
NFLX Netflix Inc. Reduce -99.5% 0.00% −0.53
QQQ Invesco QQQ Trust Series 1 Reduce -89.9% 0.03% −0.42
AAPL Apple Inc. Reduce -7.0% 0.40% −0.34
HCP Hashicorp Inc. Class A Sold out 0.00% −0.30
EMB iShares JP Morgan Usd Emergi Reduce -98.8% 0.00% −0.25
SRCL Stericycle Inc. Sold out 0.00% −0.23
FYBR Frontier Communications Pare Reduce -91.5% 0.01% −0.22
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.13
XLV SS Health Care Select Sector Sold out 0.00% −0.13
HAYN Haynes International Inc. Sold out 0.00% −0.11
XLRE SS Real Estate Select Sector Sold out 0.00% −0.11
PRFT Perficient Inc. Sold out 0.00% −0.10
K Kellanova Reduce -0.9% 0.11% −0.10
FXI iShares China Large-Cap ETF Sold out 0.00% −0.09
FWONK Liberty Media Corp. Class C Sold out 0.00% −0.09
AGS Playags Inc. Reduce -75.7% 0.01% −0.07
SRDX Surmodics Inc. Sold out 0.00% −0.06
COP Conocophillips Reduce -98.5% 0.00% −0.06
RCM R1 RCM Inc. Sold out 0.00% −0.06
HES Hess Corp. Sold out 0.00% −0.05
SLV iShares Silver Trust Sold out 0.00% −0.04
APO Apollo Global Management Inc. Reduce -80.2% 0.01% −0.04
WDAY Workday Inc. Class A Reduce -74.6% 0.01% −0.04
AVGO Broadcom Inc. Reduce -89.3% 0.00% −0.04
IP International Paper Co. Reduce -15.0% 0.04% −0.03
ENV Envestnet Inc. Sold out 0.00% −0.03
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.03
AGR Avangrid Inc. Sold out 0.00% −0.03
LBRDK Liberty Broadband-C Reduce -45.2% 0.01% −0.02
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.02
CMS CMS Energy Corp. Sold out 0.00% −0.02
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.02
AFRM Affirm Holdings Inc. Sold out 0.00% −0.01
LMT Lockheed Martin Corp. Sold out 0.00% −0.01
L Loews Corp. Sold out 0.00% −0.01
CPRI Capri Holdings Ltd. Sold out 0.00% −0.01
POWL Powell Industries Inc. Sold out 0.00% −0.01
GRBK Green Brick Partners Inc. Sold out 0.00% −0.01
HBI Hanesbrands Inc. Sold out 0.00% −0.01
TXG 10X Genomics Inc. Class A Sold out 0.00% −0.01
UE Urban Edge Properties Sold out 0.00% −0.01
ADP Automatic Data Processing Sold out 0.00% −0.01
HIW Highwoods Properties Inc. Sold out 0.00% −0.01

Portfolio Buys Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +91.0% 72.59% +4.39
TLT iShares 20+ Year Treasury BD New 3.12% +3.12
CRWD CrowdStrike Holdings Inc. Class A Add +320241.3% 1.51% +1.51
DELL Dell Technologies -C New 0.99% +0.99
NVDA Nvidia Corp. Add +89.2% 7.51% +0.93
AMD Advanced Micro Devices Add +158516.2% 0.92% +0.91
CVX Chevron Corp. New 0.60% +0.60
GOOG Alphabet Inc. Class C New 0.57% +0.57
MAR Marriott International Class A Add +34803.8% 0.57% +0.57
MSTR Strategy Inc. New 0.54% +0.54
IBM Intl Business Machines Corp. Add +59662.6% 0.45% +0.45
TGT Target Corp. New 0.34% +0.34
XLF SS Financial Select Sector New 0.17% +0.17
BIDU Baidu Inc. - Spon ADR New 0.14% +0.14
SUM Summit Materials Inc. Class A New 0.12% +0.12
ALTM Arcadium Lithium PLC New 0.07% +0.07
ATSG Air Transport Services Group New 0.07% +0.07
ROIC Retail Opportunity Investmen New 0.06% +0.06
ZUO Zuora Inc. Class A Add +544.5% 0.04% +0.03
FOXA Fox Corp. Class A Add +1526.6% 0.03% +0.03
ASX Ase Technology Holding -ADR Add +117.8% 0.15% +0.03
SMAR Smartsheet Inc. Class A Add +110.0% 0.17% +0.02
CCEP Coca-Cola Europacific Partne New 0.02% +0.02
LEN Lennar Corp. Class A New 0.02% +0.02
USAP Universal Stainless & Alloy New 0.02% +0.02
IEF iShares 7-10 Year Treasury B New 0.02% +0.02
SILV Silvercrest Metals Inc. New 0.02% +0.02
ARGX Argenx SE - ADR New 0.01% +0.01
CRH CRH PLC Add +238.3% 0.02% +0.01
APP AppLovin Corp. Class A New 0.01% +0.01
SLB SLB Ltd. New 0.01% +0.01
BABA Alibaba Group Holding-SP ADR New 0.01% +0.01
CPNG Coupang Inc. New 0.01% +0.01
WBD Warner Bros Discovery Inc. New 0.01% +0.01
CRM Salesforce Inc. Add +3114.4% 0.01% +0.01
CCRN Cross Country Healthcare Inc. New 0.01% +0.01
TSLA Tesla Inc. Add +9521.7% 0.01% +0.01
SNOW Snowflake Inc. Add +544.1% 0.01% +0.01
SIL Global X Silver Miners ETF New 0.01% +0.01
ON On Semiconductor New 0.01% +0.01
UBER Uber Technologies Inc. New 0.00% +0.00
AGIO Agios Pharmaceuticals Inc. New 0.00% +0.00
DDOG Datadog Inc. Class A Add +216.2% 0.01% +0.00
BALY Bally's Corp. New 0.00% +0.00
MLCO Melco Resorts & Entert-ADR New 0.00% +0.00
META Meta Platforms Inc. Class A Add +558.4% 0.01% +0.00
ADI Analog Devices Inc. Add +704.0% 0.00% +0.00
XYZ Block Inc. New 0.00% +0.00
INTC Intel Corp. Add +1260.8% 0.00% +0.00
SO The Southern Co. New 0.00% +0.00

Options Activity Q3 2024 → Q4 2024
NVDA Nvidia Corp. put Add +26.1% 5,555,700 $746.1M
CRWD CrowdStrike Holdings Inc. Class A put Add +92742.9% 649,900 $222.4M
LQD Ishr Ibx Usd Invgd CB ETF-Ui put New 2,000,000 $213.7M
XLF SS Financial Select Sector call New 4,310,000 $208.3M
DELL Dell Technologies -C put New 1,250,000 $144.1M
AMD Advanced Micro Devices put Add +9875.6% 1,147,200 $138.6M
CVX Chevron Corp. put Add +21442.9% 603,200 $87.4M
MAR Marriott International Class A put Add +299900.0% 300,000 $83.7M
MSTR Strategy Inc. put New 275,000 $79.6M
AAPL Apple Inc. put Add +242.6% 278,900 $69.8M
SPY SS SPDR S&P 500 ETF Trust-US call New 115,000 $67.4M
IBM Intl Business Machines Corp. put Add +3320.4% 301,000 $66.2M
XLF SS Financial Select Sector put New 1,100,000 $53.2M
TGT Target Corp. put Add +36260.0% 363,600 $49.2M
KRE SS SPDR S&P Regional Bank call New 800,000 $48.3M
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -92.0% 50,000 $29.3M
EWZ iShares MSCI Brazil ETF call Sold out 900,000 $26.5Mbefore exit
EEM iShares MSCI Emerging Market call Reduce -47.1% 600,000 $25.1M
BIDU Baidu Inc. - Spon ADR put New 250,000 $21.1M
EEM iShares MSCI Emerging Market put New 500,000 $20.9M
TLT iShares 20+ Year Treasury BD call Sold out 200,000 $19.6Mbefore exit
TLT iShares 20+ Year Treasury BD put Sold out 200,000 $19.6Mbefore exit
XBI SS SPDR S&P Biotech ETF call Sold out 150,000 $14.8Mbefore exit
FXI iShares China Large-Cap ETF call Reduce -77.9% 450,000 $13.7M
KWEB Kranesh Csi China Internet call Reduce -50.0% 450,000 $13.2M
TAN Invesco Solar ETF call Sold out 300,000 $12.9Mbefore exit
QQQ Invesco QQQ Trust Series 1 call Reduce -94.7% 25,000 $12.8M
AVGO Broadcom Inc. call Sold out 56,900 $9.8Mbefore exit
AAPL Apple Inc. call Sold out 35,900 $8.4Mbefore exit
QQQ Invesco QQQ Trust Series 1 put Reduce -97.2% 15,000 $7.7M
MSFT Microsoft Corp. call Sold out 17,200 $7.4Mbefore exit
MSFT Microsoft Corp. put Reduce -20.7% 16,500 $7.0M
GOOGL Alphabet Inc. Class A call Sold out 29,600 $4.9Mbefore exit
TSLA Tesla Inc. put Reduce -32.9% 11,400 $4.6M
AMZN Amazon.com Inc. call Sold out 24,700 $4.6Mbefore exit
GOOGL Alphabet Inc. Class A put Reduce -92.9% 23,700 $4.5M
BABA Alibaba Group Holding-SP ADR put Add +117.3% 52,800 $4.5M
AMZN Amazon.com Inc. put Reduce -32.3% 18,700 $4.1M
META Meta Platforms Inc. Class A call Sold out 6,100 $3.5Mbefore exit
TSLA Tesla Inc. call Sold out 13,000 $3.4Mbefore exit
ADBE Adobe Inc. put Add +121.2% 7,300 $3.2M
CRM Salesforce Inc. put Add +900.0% 9,000 $3.0M
XOM Exxon Mobil Corp. put Add +522.7% 27,400 $2.9M
ADI Analog Devices Inc. put Add +762.5% 13,800 $2.9M
ON On Semiconductor put New 45,800 $2.9M
JNJ Johnson & Johnson put Add +353.5% 19,500 $2.8M
META Meta Platforms Inc. Class A put Reduce -33.3% 4,800 $2.8M
SBUX Starbucks Corp. put Add +1328.6% 30,000 $2.7M
HAL Halliburton Co. put New 100,000 $2.7M
GE General Electric put Add +715.0% 16,300 $2.7M

Showing the first 50 of 230.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 294$22.6BIVV, SPY, BABA, BA, WDC
Q1 2026 403$11.4BIVV, SPY, CWAN, NVDA, FOLD
Q4 2025 312$15.4BVOO, SPY, IBIT, IVV, BABA
Q3 2025 308$13.4BIVV, SPY, IBIT, MSTR, UNH
Q2 2025 248$8.1BIVV, SPY, IBIT, QQQ, FBTC
Q1 2025 374$13.5BIVV, SPY, NVDA, MSTR, IBIT
Q4 2024 240$14.6BSPY, NVDA, IBIT, TLT, FBTC
Q3 2024 285$8.0BSPY, NVDA, IBIT, VOO, FBTC
Q2 2024 283$8.9BIVV, SPY, NVDA, AMZN, AAPL
Q1 2024 369$3.0BSPY, GOOGL, HYG, AMZN, QQQ