Capula Management Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Capula Management Ltd reported 403 stock positions worth $11.4 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 52.2% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 35.2%) and Clearwater Analytics HDS-A (CWAN, 0.6%). Compared with Q4 2025, it opened 202 new positions, sold out of 111, added to 109 and reduced 92. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +1375%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- Grand Cayman, E9
- CIK
- 0001557017
- Portfolio Value
- $11.4B (Q1 2026)
- SEC Filing
- 0001172661-26-001894 ↗ filed May 14, 2026
Holdings Value
Holdings 403 stocks · $11.4B
| IVV iShares Core S&P 500 ETF | 52.23% | 9,094,984 | $5.9B | Add +1374.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 35.22% | 6,159,222 | $4.0B | Add +8.8% |
| CWAN Clearwater Analytics HDS-A | 0.56% | 2,677,322 | $63.3M | Add +2052.9% |
| NVDA Nvidia Corp. | 0.52% | 336,778 | $58.7M | Add +38.9% |
| FOLD Amicus Therapeutics Inc. | 0.41% | 3,191,610 | $46.2M | Add +10538.7% |
| AAUC Allied Gold Corp. | 0.38% | 1,002,000 | $43.2M | New |
| LBRDK Liberty Broadband-C | 0.37% | 838,294 | $42.2M | Add +498.2% |
| NSC Norfolk Southern Corp. | 0.37% | 144,749 | $41.5M | Add +189.5% |
| KVUE Kenvue Inc. | 0.34% | 2,247,472 | $38.7M | Add +137.7% |
| SEE Sealed Air Corp. | 0.34% | 918,694 | $38.6M | Add +62.2% |
| VOO Vanguard S&P 500 ETF | 0.34% | 64,495 | $38.5M | Reduce -99.5% |
| FXI iShares China Large-Cap ETF | 0.33% | 1,044,191 | $37.5M | Add +173.3% |
| HOLX Hologic Inc. | 0.31% | 465,126 | $35.2M | Add +137.1% |
| AES AES Corp. | 0.31% | 2,474,180 | $34.9M | Add +21704.7% |
| GTLS Chart Industries Inc. | 0.30% | 166,320 | $34.4M | New |
| WBD Warner Bros Discovery Inc. | 0.30% | 1,231,919 | $33.8M | Reduce -22.9% |
| PEN Penumbra Inc. | 0.29% | 101,779 | $33.4M | New |
| EA Electronic Arts Inc. | 0.27% | 148,098 | $30.2M | Add +12.1% |
| OS Onestream Inc. | 0.23% | 1,074,711 | $25.8M | New |
| DBRG Digitalbridge Group Inc. | 0.23% | 1,665,769 | $25.7M | New |
| MASI Masimo Corp. | 0.22% | 142,800 | $25.4M | New |
| IWM iShares Russell 2000 ETF | 0.20% | 91,315 | $22.6M | New |
| CSGS CSG Systems Intl Inc. | 0.18% | 257,088 | $20.6M | New |
| SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC | 0.18% | 1,218,670 | $20.1M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 33,752 | $19.5M | Reduce -55.9% |
| MSFT Microsoft Corp. | 0.17% | 52,158 | $19.3M | Add +1283.1% |
| AMZN Amazon.com Inc. | 0.17% | 91,529 | $19.1M | Add +1465.7% |
| TSLA Tesla Inc. | 0.16% | 49,824 | $18.5M | Reduce -51.2% |
| CTRA Coterra Energy Inc. | 0.13% | 412,352 | $14.5M | New |
| BABA Alibaba Group Holding-SP ADR | 0.13% | 114,546 | $14.4M | Reduce -92.1% |
| TPH Tri Pointe Homes Inc. | 0.12% | 294,100 | $13.7M | New |
| AAPL Apple Inc. | 0.11% | 50,323 | $12.8M | Reduce -83.8% |
| AVGO Broadcom Inc. | 0.10% | 37,485 | $11.6M | Add +1431.9% |
| JHG Janus Henderson Group PLC | 0.10% | 225,417 | $11.6M | New |
| PPL PPL Corp. | 0.10% | 450,000 | $11.5M | New |
| PKST Peakstone Realty Trust | 0.10% | 531,511 | $11.1M | New |
| WBS Webster Financial Corp. | 0.09% | 145,990 | $10.1M | New |
| IMXI International Money Express | 0.09% | 630,191 | $10.0M | New |
| EHAB Enhabit Inc. | 0.08% | 645,000 | $9.1M | New |
| GOOGL Alphabet Inc. Class A | 0.08% | 30,791 | $8.9M | Reduce -92.4% |
| KWEB Kranesh Csi China Internet | 0.07% | 297,080 | $8.4M | Add +13860.5% |
| EFA iShares MSCI Eafe ETF | 0.07% | 79,930 | $7.8M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.07% | 69,044 | $7.5M | New |
| META Meta Platforms Inc. Class A | 0.07% | 13,079 | $7.5M | Reduce -79.5% |
| MU Micron Technology Inc. | 0.06% | 21,845 | $7.4M | Add +208.4% |
| XLC SS Comm Select Sector SPDR | 0.06% | 65,292 | $7.2M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.06% | 89,555 | $7.1M | New |
| FERG Ferguson Enterprises Inc. | 0.06% | 30,461 | $7.1M | New |
| GOOG Alphabet Inc. Class C | 0.06% | 24,039 | $6.9M | Reduce -85.0% |
| JHX James Hardie Ind PLC | 0.06% | 349,531 | $6.6M | New |
| TERN Terns Pharmaceuticals Inc. | 0.06% | 120,976 | $6.4M | New |
| SN Sharkninja Inc. | 0.06% | 59,973 | $6.4M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.05% | 17,984 | $6.1M | New |
| SEMR Semrush Holdings Inc. Class A | 0.05% | 488,521 | $5.8M | Add +415.9% |
| ZIM Zim Integrated Shipping Serv | 0.05% | 206,368 | $5.4M | New |
| VAL Valaris Ltd. | 0.05% | 55,415 | $5.4M | New |
| MRVL Marvell Technology Inc. | 0.05% | 52,013 | $5.2M | Reduce -58.2% |
| SNDK Sandisk Corp. | 0.04% | 7,700 | $4.9M | Add +674.6% |
| UAA Under Armour Inc. Class A | 0.04% | 749,640 | $4.4M | New |
| ALNY Alnylam Pharmaceuticals Inc. | 0.04% | 13,115 | $4.3M | Reduce -0.5% |
| NWSA News Corp. Class A | 0.04% | 169,482 | $4.2M | Reduce -35.1% |
| SHOP Shopify Inc. Class A | 0.04% | 34,189 | $4.1M | Add +176.6% |
| KRE SS SPDR S&P Regional Bank | 0.04% | 61,536 | $4.0M | New |
| CDE Coeur Mining Inc. | 0.04% | 213,088 | $4.0M | Add +23.8% |
| HEI.A Heico Corp. Class A | 0.03% | 18,716 | $4.0M | New |
| ALSN Allison Transmission Holding | 0.03% | 33,692 | $3.9M | New |
| CRWV Coreweave Inc. Class A | 0.03% | 48,804 | $3.8M | Add +62.0% |
| CRDO Credo Technology Group Holdi | 0.03% | 38,073 | $3.6M | New |
| AVO Mission Produce Inc. | 0.03% | 258,000 | $3.6M | New |
| INTC Intel Corp. | 0.03% | 79,221 | $3.5M | Add +27312.1% |
| HD Home Depot Inc. | 0.03% | 10,535 | $3.5M | Add +168.2% |
| SEM Select Medical Holdings Corp. | 0.03% | 206,810 | $3.4M | New |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.03% | 2,539 | $3.4M | New |
| XBI SS SPDR S&P Biotech ETF | 0.03% | 25,933 | $3.3M | Add +254.1% |
| LLY Eli Lilly & Co. | 0.03% | 3,499 | $3.2M | Add +891.2% |
| PLTR Palantir Technologies Inc. Class A | 0.03% | 21,638 | $3.2M | Add +843.2% |
| ORCL Oracle Corp. | 0.03% | 21,032 | $3.1M | Add +556.2% |
| ROKU Roku Inc. | 0.03% | 32,690 | $3.1M | New |
| JPM JPMorgan Chase & Co. | 0.03% | 10,401 | $3.1M | Add +116.8% |
| AMAT Applied Materials Inc. | 0.03% | 8,947 | $3.1M | Add +878.9% |
| AXS Axis Capital Holdings Ltd. | 0.03% | 29,685 | $3.0M | New |
| CEG Constellation Energy | 0.03% | 10,760 | $3.0M | Reduce -95.7% |
| LRCX Lam Research Corp. | 0.03% | 13,964 | $3.0M | New |
| LAUR Laureate Education Inc. | 0.03% | 81,884 | $2.9M | New |
| AMD Advanced Micro Devices | 0.02% | 13,870 | $2.8M | New |
| NET Cloudflare Inc. Class A | 0.02% | 13,526 | $2.8M | Add +97.1% |
| HUBS HubSpot Inc. | 0.02% | 11,027 | $2.7M | New |
| CRM Salesforce Inc. | 0.02% | 14,055 | $2.6M | Add +808.5% |
| TALK Talkspace Inc. | 0.02% | 500,000 | $2.6M | New |
| RITM Rithm Capital Corp. | 0.02% | 272,699 | $2.6M | New |
| SNPS Synopsys Inc. | 0.02% | 6,517 | $2.6M | Add +12432.7% |
| ALAB Astera Labs Inc. | 0.02% | 23,571 | $2.6M | Add +367.5% |
| BATRK Atlanta Braves Holdings in-C | 0.02% | 58,641 | $2.5M | New |
| GTX Garrett Motion Inc. | 0.02% | 137,043 | $2.5M | New |
| LBTYK Liberty Global Ltd. Class C | 0.02% | 210,109 | $2.5M | Add +388.3% |
| KLAC KLA Corp. | 0.02% | 1,660 | $2.4M | Add +634.5% |
| V Visa Inc. Class A | 0.02% | 7,969 | $2.4M | Add +512.5% |
| Z Zillow Group Inc. Class C | 0.02% | 57,352 | $2.4M | Add +1725.9% |
| IOT Samsara Inc. Class A | 0.02% | 74,267 | $2.4M | New |
| LEN Lennar Corp. Class A | 0.02% | 27,050 | $2.3M | New |
Options reported separately and not counted above: TSLA calls ($262.4M), QQQ puts ($214.0M), NVDA puts ($206.3M), IWM puts ($144.7M), QQQ calls ($122.7M), META puts ($103.8M), SPY puts ($86.8M), FXI puts ($72.0M), IWM calls ($60.5M), TSLA puts ($53.2M), AMZN puts ($52.6M), AAPL puts ($52.4M), and 643 more.
Other holdings (10): bonds, preferreds, convertibles and warrants · $85.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 15,000 | $20.3M | Add +50.0% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 12,500 | $17.4M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 10,000 | $14.1M | New |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 549,593 | $13.8M | New |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 220,000 | $5.9M | No change |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 233,490 | $5.4M | New |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | 191,152 | $4.7M | New |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | 200,000 | $4.1M | New |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 4,500 | $11K | No change |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 6,000 | $5K | New |
Total filed on the 13F, all lines: $11.5B.
Portfolio Sells Q4 2025 → Q1 2026
| VOO Vanguard S&P 500 ETF | Reduce -99.5% | 0.34% | −48.23 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −3.06 |
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −1.35 |
| IBM Intl Business Machines Corp. | Reduce -99.9% | 0.00% | −1.31 |
| BABA Alibaba Group Holding-SP ADR | Reduce -92.1% | 0.13% | −1.26 |
| UBER Uber Technologies Inc. | Reduce -99.8% | 0.00% | −1.20 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −1.05 |
| GOOGL Alphabet Inc. Class A | Reduce -92.4% | 0.08% | −0.75 |
| QCOM Qualcomm Inc. | Reduce -97.6% | 0.02% | −0.71 |
| COIN Coinbase Global Inc. Class A | Reduce -100.0% | 0.00% | −0.63 |
| CAT Caterpillar Inc. | Reduce -99.2% | 0.01% | −0.63 |
| XOM Exxon Mobil Corp. | Reduce -98.9% | 0.01% | −0.61 |
| PYPL PayPal Holdings Inc. | Reduce -99.9% | 0.00% | −0.61 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.57 |
| CEG Constellation Energy | Reduce -95.7% | 0.03% | −0.55 |
| AAPL Apple Inc. | Reduce -83.8% | 0.11% | −0.44 |
| FETH Fidelity Ethereum Fund | Sold out | 0.00% | −0.40 |
| APP AppLovin Corp. Class A | Reduce -97.3% | 0.01% | −0.39 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -98.4% | 0.01% | −0.32 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.27 |
| GOOG Alphabet Inc. Class C | Reduce -85.0% | 0.06% | −0.27 |
| NKE Nike Inc. Class B | Reduce -98.9% | 0.00% | −0.26 |
| JD Jd.com Inc.-ADR | Reduce -98.4% | 0.01% | −0.24 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.24 |
| AMGN Amgen Inc. | Reduce -99.9% | 0.00% | −0.23 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.23 |
| EEM iShares MSCI Emerging Market | Reduce -96.4% | 0.01% | −0.22 |
| META Meta Platforms Inc. Class A | Reduce -79.5% | 0.07% | −0.21 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −0.18 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.16 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.15 |
| TSLA Tesla Inc. | Reduce -51.2% | 0.16% | −0.14 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -55.9% | 0.17% | −0.13 |
| MSTR Strategy Inc. | Reduce -96.5% | 0.00% | −0.12 |
| AHL Aspen Insurance Holdings Class A | Sold out | 0.00% | −0.11 |
| ASTS Ast Spacemobile Inc. | Sold out | 0.00% | −0.11 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.10 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.09 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.08 |
| SMH Vaneck Semiconductor ETF | Reduce -99.9% | 0.00% | −0.08 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.08 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.07 |
| LVS Las Vegas Sands Corp. | Sold out | 0.00% | −0.06 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -83.2% | 0.01% | −0.05 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.05 |
| FOX Fox Corp. Class B | Sold out | 0.00% | −0.04 |
| LNG Cheniere Energy Inc. | Reduce -94.2% | 0.00% | −0.04 |
| WMT Walmart Inc. | Reduce -80.3% | 0.01% | −0.03 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| IVV iShares Core S&P 500 ETF | Add +1374.6% | 52.23% | +49.49 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.8% | 35.22% | +10.10 |
| CWAN Clearwater Analytics HDS-A | Add +2052.9% | 0.56% | +0.54 |
| FOLD Amicus Therapeutics Inc. | Add +10538.7% | 0.41% | +0.40 |
| AAUC Allied Gold Corp. | New | 0.38% | +0.38 |
| LBRDK Liberty Broadband-C | Add +498.2% | 0.37% | +0.33 |
| AES AES Corp. | Add +21704.7% | 0.31% | +0.31 |
| GTLS Chart Industries Inc. | New | 0.30% | +0.30 |
| PEN Penumbra Inc. | New | 0.29% | +0.29 |
| NSC Norfolk Southern Corp. | Add +189.5% | 0.37% | +0.27 |
| KVUE Kenvue Inc. | Add +137.7% | 0.34% | +0.23 |
| FXI iShares China Large-Cap ETF | Add +173.3% | 0.33% | +0.23 |
| OS Onestream Inc. | New | 0.23% | +0.23 |
| DBRG Digitalbridge Group Inc. | New | 0.23% | +0.23 |
| MASI Masimo Corp. | New | 0.22% | +0.22 |
| NVDA Nvidia Corp. | Add +38.9% | 0.52% | +0.22 |
| HOLX Hologic Inc. | Add +137.1% | 0.31% | +0.21 |
| IWM iShares Russell 2000 ETF | New | 0.20% | +0.20 |
| SEE Sealed Air Corp. | Add +62.2% | 0.34% | +0.19 |
| CSGS CSG Systems Intl Inc. | New | 0.18% | +0.18 |
| SNCY Sun Country Airlines Holding | New | 0.18% | +0.18 |
| AMZN Amazon.com Inc. | Add +1465.7% | 0.17% | +0.16 |
| MSFT Microsoft Corp. | Add +1283.1% | 0.17% | +0.16 |
| CTRA Coterra Energy Inc. | New | 0.13% | +0.13 |
| TPH Tri Pointe Homes Inc. | New | 0.12% | +0.12 |
| JHG Janus Henderson Group PLC | New | 0.10% | +0.10 |
| PPL PPL Corp. | New | 0.10% | +0.10 |
| PKST Peakstone Realty Trust | New | 0.10% | +0.10 |
| AVGO Broadcom Inc. | Add +1431.9% | 0.10% | +0.10 |
| EA Electronic Arts Inc. | Add +12.1% | 0.27% | +0.09 |
| WBS Webster Financial Corp. | New | 0.09% | +0.09 |
| IMXI International Money Express | New | 0.09% | +0.09 |
| EHAB Enhabit Inc. | New | 0.08% | +0.08 |
| KWEB Kranesh Csi China Internet | Add +13860.5% | 0.07% | +0.07 |
| EFA iShares MSCI Eafe ETF | New | 0.07% | +0.07 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.07% | +0.07 |
| XLC SS Comm Select Sector SPDR | New | 0.06% | +0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.06% | +0.06 |
| FERG Ferguson Enterprises Inc. | New | 0.06% | +0.06 |
| JHX James Hardie Ind PLC | New | 0.06% | +0.06 |
| TERN Terns Pharmaceuticals Inc. | New | 0.06% | +0.06 |
| SN Sharkninja Inc. | New | 0.06% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.05% | +0.05 |
| MU Micron Technology Inc. | Add +208.4% | 0.06% | +0.05 |
| VAL Valaris Ltd. | New | 0.05% | +0.05 |
| ZIM Zim Integrated Shipping Serv | New | 0.05% | +0.05 |
| SEMR Semrush Holdings Inc. Class A | Add +415.9% | 0.05% | +0.04 |
| SNDK Sandisk Corp. | Add +674.6% | 0.04% | +0.04 |
| UAA Under Armour Inc. Class A | New | 0.04% | +0.04 |
| KRE SS SPDR S&P Regional Bank | New | 0.04% | +0.04 |
Options Activity Q4 2025 → Q1 2026
| SMH Vaneck Semiconductor ETF | put | Sold out | 771,100 | $277.7Mbefore exit |
| TSLA Tesla Inc. | call | Add +9186.8% | 705,800 | $262.4M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +278.4% | 370,800 | $214.0M |
| NVDA Nvidia Corp. | put | Add +90.5% | 1,182,800 | $206.3M |
| EEM iShares MSCI Emerging Market | call | Sold out | 3,082,600 | $168.6Mbefore exit |
| IWM iShares Russell 2000 ETF | put | New | 583,600 | $144.7M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -31.4% | 212,600 | $122.7M |
| META Meta Platforms Inc. Class A | put | Reduce -27.1% | 181,400 | $103.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +21.9% | 133,500 | $86.8M |
| FXI iShares China Large-Cap ETF | put | Add +473.2% | 2,006,200 | $72.0M |
| IWM iShares Russell 2000 ETF | call | New | 244,000 | $60.5M |
| TSLA Tesla Inc. | put | Reduce -24.4% | 143,200 | $53.2M |
| AMZN Amazon.com Inc. | put | Add +81.5% | 252,400 | $52.6M |
| AAPL Apple Inc. | put | Reduce -64.2% | 206,500 | $52.4M |
| EEM iShares MSCI Emerging Market | put | Reduce -10.9% | 875,500 | $49.7M |
| MSFT Microsoft Corp. | put | Add +2.4% | 119,100 | $44.1M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -56.8% | 64,400 | $41.9M |
| XME SS SPDR S&P Metals Mining | call | Sold out | 400,000 | $41.4Mbefore exit |
| SMH Vaneck Semiconductor ETF | call | Reduce -49.4% | 100,000 | $38.3M |
| SLV iShares Silver Trust | call | Sold out | 550,800 | $35.5Mbefore exit |
| AVGO Broadcom Inc. | put | Add +32.2% | 102,300 | $31.7M |
| GOOGL Alphabet Inc. Class A | put | Reduce -82.2% | 109,100 | $31.4M |
| AMAT Applied Materials Inc. | put | Add +7.3% | 80,800 | $27.6M |
| GLD SPDR Gold Shares | call | Sold out | 60,000 | $23.8Mbefore exit |
| ARKK ARK Innovation ETF | call | Sold out | 300,000 | $23.1Mbefore exit |
| SNOW Snowflake Inc. | put | Sold out | 103,800 | $22.8Mbefore exit |
| KWEB Kranesh Csi China Internet | call | Sold out | 600,000 | $20.4Mbefore exit |
| XLC SS Comm Select Sector SPDR | put | New | 181,900 | $20.2M |
| EFA iShares MSCI Eafe ETF | put | New | 195,300 | $19.0M |
| INDA iShares MSCI India ETF | call | Sold out | 350,000 | $18.9Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 200,000 | $17.4Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | put | Add +89.6% | 51,000 | $17.2M |
| PLTR Palantir Technologies Inc. Class A | put | Add +69.2% | 115,400 | $16.9M |
| KWEB Kranesh Csi China Internet | put | New | 577,200 | $16.4M |
| IGV iShares Expanded Tech-Softwa | call | New | 204,400 | $16.4M |
| ASTS Ast Spacemobile Inc. | put | Sold out | 220,000 | $16.0Mbefore exit |
| PDD PDD Holdings Inc. | put | Reduce -14.5% | 152,000 | $15.5M |
| KRE SS SPDR S&P Regional Bank | put | New | 232,100 | $15.1M |
| GOOG Alphabet Inc. Class C | put | Reduce -67.9% | 51,300 | $14.7M |
| DLTR Dollar Tree Inc. | put | Sold out | 110,000 | $13.5Mbefore exit |
| JPM JPMorgan Chase & Co. | put | Reduce -0.5% | 43,600 | $12.8M |
| MU Micron Technology Inc. | put | Add +622.0% | 36,100 | $12.2M |
| AMD Advanced Micro Devices | put | Add +81.5% | 59,000 | $12.0M |
| AAPL Apple Inc. | call | Add +13.9% | 45,000 | $11.4M |
| XLE SS Energy Select Sector | call | New | 180,000 | $11.0M |
| FXI iShares China Large-Cap ETF | call | New | 295,700 | $10.6M |
| HD Home Depot Inc. | put | Add +83.1% | 31,500 | $10.4M |
| ZIM Zim Integrated Shipping Serv | call | New | 388,400 | $10.2M |
| KRE SS SPDR S&P Regional Bank | call | Reduce -81.3% | 150,000 | $9.8M |
| LVS Las Vegas Sands Corp. | put | Sold out | 150,000 | $9.8Mbefore exit |
Showing the first 50 of 657.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +50.0% | 15,000 | $20.3M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 12,500 | $17.4M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 10,000 | $14.1M |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | New | 549,593 | $13.8M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Sold out | 12,500 | $12.6Mbefore exit |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | Sold out | 221,990 | $5.6Mbefore exit |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 233,490 | $5.4M |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | New | 191,152 | $4.7M |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | New | 200,000 | $4.1M |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | New | 6,000 | $5K |
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 | 294 | $22.6B | IVV, SPY, BABA, BA, WDC |
| Q1 2026 | 403 | $11.4B | IVV, SPY, CWAN, NVDA, FOLD |
| Q4 2025 | 312 | $15.4B | VOO, SPY, IBIT, IVV, BABA |
| Q3 2025 | 308 | $13.4B | IVV, SPY, IBIT, MSTR, UNH |
| Q2 2025 | 248 | $8.1B | IVV, SPY, IBIT, QQQ, FBTC |
| Q1 2025 | 374 | $13.5B | IVV, SPY, NVDA, MSTR, IBIT |
| Q4 2024 | 240 | $14.6B | SPY, NVDA, IBIT, TLT, FBTC |
| Q3 2024 | 285 | $8.0B | SPY, NVDA, IBIT, VOO, FBTC |
| Q2 2024 | 283 | $8.9B | IVV, SPY, NVDA, AMZN, AAPL |
| Q1 2024 | 369 | $3.0B | SPY, GOOGL, HYG, AMZN, QQQ |