CenterStar Asset Management, LLC In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), CenterStar Asset Management, LLC reported 48 stock positions worth $63.5 million . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 46.4% of the portfolio, followed by Micron Technology (MU, 8.9% ) and Invesco S&P 500 Equal Weight (RSP, 8.4% ). Compared with Q3 2025, it opened 36 new positions, sold out of 35, added to 8 and reduced 3. The biggest buy was a new position in Micron Technology (MU) and the biggest sale an exit from Oracle (ORCL).
Location CHICAGO, IL
CIK 0001722053
Portfolio Value $63.5M (Q4 2025) Holdings 48 stocks · $63.5M 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 2025 SPY SS SPDR S&P 500 ETF Trust-US 43,167 $29.4M Add +33.2% MU Micron Technology Inc. 19,769 $5.7M New RSP Invesco S&P 500 Equal Weight 27,759 $5.3M New RH RH 9,030 $1.6M New QQQ Invesco QQQ Trust Series 1 2,177 $1.3M New TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 29,838 $1.1M Add +218.6% DLTR Dollar Tree Inc. 8,749 $1.1M New ADI Analog Devices Inc. 3,871 $1.1M New MAR Marriott International Class A 3,364 $1.0M Add +176.9% FIVE Five Below 5,316 $1.0M New MSFT Microsoft Corp. 1,740 $842K Add +121.9% PTLO Portillo's Inc. Class A 180,000 $818K Add +9.1% SMH Vaneck Semiconductor ETF 2,166 $780K New CIEN Ciena Corp. 3,167 $739K New FXI iShares China Large-Cap ETF 19,281 $739K New WBD Warner Bros Discovery Inc. 20,000 $577K Add +7.5% DG Dollar General Corp. 4,014 $533K New BBY Best Buy Co. Inc. 7,662 $513K New LULU Lululemon Athletica Inc. 2,373 $493K Reduce -75.8% JPM JPMorgan Chase & Co. 1,436 $463K New KO The Coca-Cola Co. 6,032 $422K New MMM 3M Co. 2,631 $422K New XLI SS Industrial Select Sector 2,716 $421K New GLD SPDR Gold Shares 1,000 $396K New ASML ASML Holding NV-NY Reg SHS 370 $396K New NXPI NXP Semiconductors NV 1,778 $386K New GEV GE Vernova Inc. 590 $386K New TSLA Tesla Inc. 827 $372K New ETN Eaton Corp. PLC 1,090 $347K New DELL Dell Technologies -C 2,620 $330K Reduce -48.0% OKTA Okta Inc. 3,700 $320K New AFL Aflac Inc. 2,772 $306K New KRE SS SPDR S&P Regional Bank 4,440 $288K New COP Conocophillips 2,979 $279K New MA Mastercard Inc. Class A 468 $267K New DHR Danaher Corp. 1,163 $266K New CVX Chevron Corp. 1,696 $259K Add +4.0% ARM Arm Holdings PLC-ADR 2,318 $254K New CFG Citizens Financial Group 4,216 $246K New USB US Bancorp 4,596 $245K Reduce -51.8% MET Metlife Inc. 2,997 $237K New LVS Las Vegas Sands Corp. 3,609 $235K New PFE Pfizer Inc. 9,156 $228K New NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP 24,400 $225K Add +60.5% HON Honeywell International Inc. 1,112 $217K New CMG Chipotle Mexican Grill Inc. 5,850 $217K New CB Chubb Ltd. 651 $203K New EFC Ellington Financial Inc. 13,090 $178K No change
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($18.0M), APPLE INC puts ($17.5M), TESLA INC puts ($10.0M), INTEL CORP calls ($9.2M), SELECT SECTOR SPDR TR puts ($8.3M), CAPITAL ONE FINL CORP puts ($8.2M), MICRON TECHNOLOGY INC puts ($6.4M), STATE STR SPDR S&P 500 ETF T calls ($5.3M), INTEL CORP puts ($4.5M), HALLIBURTON CO puts ($4.4M), ISHARES TR calls ($3.9M), OVINTIV INC calls ($3.8M), and 202 more.
Portfolio Sells Q3 2025 → Q4 2025 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 2025 % Of Portfolio Change To Portfolio ▲ ORCL Oracle Corp. Sold out 0.00% −5.00 ACN Accenture PLC Class A Sold out 0.00% −4.86 LOW Lowe's Cos Inc. Sold out 0.00% −4.86 AAPL Apple Inc. Sold out 0.00% −3.43 BX Blackstone Inc. Sold out 0.00% −3.03 LULU Lululemon Athletica Inc. Reduce -75.8% 0.78% −2.54 SOFI Sofi Technologies Inc. Sold out 0.00% −1.99 ADBE Adobe Inc. Sold out 0.00% −1.77 O Realty Income Corp. Sold out 0.00% −1.69 ITB iShares U.S. Home Constructi Sold out 0.00% −1.68 DOCU Docusign Inc. Sold out 0.00% −1.61 HD Home Depot Inc. Sold out 0.00% −1.59 COST Costco Wholesale Corp. Sold out 0.00% −1.39 UNH Unitedhealth Group Inc. Sold out 0.00% −1.26 TOL Toll Brothers Inc. Sold out 0.00% −1.20 AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.97 C Citigroup Inc. Sold out 0.00% −0.88 PLD Prologis Inc. Sold out 0.00% −0.85 DELL Dell Technologies -C Reduce -48.0% 0.52% −0.84 ADSK Autodesk Inc. Sold out 0.00% −0.81 XOM Exxon Mobil Corp. Sold out 0.00% −0.76 WDAY Workday Inc. Class A Sold out 0.00% −0.67 XHB SS SPDR S&P Homebldrs ETF Sold out 0.00% −0.63 STUB Stubhub Holdings Inc. Class A Sold out 0.00% −0.63 AVGO Broadcom Inc. Sold out 0.00% −0.61 NTAP Netapp Inc. Sold out 0.00% −0.57 DRI Darden Restaurants Inc. Sold out 0.00% −0.54 RPM RPM International Inc. Sold out 0.00% −0.54 USB US Bancorp Reduce -51.8% 0.39% −0.49 CVS CVS Health Corp. Sold out 0.00% −0.44 LOGI Logitech International-Reg Sold out 0.00% −0.42 FCX Freeport-McMoran Inc. Sold out 0.00% −0.42 BRCB Black Rock Coffee Bar Inc. Class A Sold out 0.00% −0.40 NUE Nucor Corp. Sold out 0.00% −0.39 KMX Carmax Inc. Sold out 0.00% −0.38 GOOGL Alphabet Inc. Class A Sold out 0.00% −0.38 ET Energy Transfer LP Sold out 0.00% −0.35 PAGP Plains GP Holdings LP Sold out 0.00% −0.35
Portfolio Buys Q3 2025 → Q4 2025 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 2025 % Of Portfolio Change To Portfolio ▼ MU Micron Technology Inc. New 8.89% +8.89 RSP Invesco S&P 500 Equal Weight New 8.37% +8.37 SPY SS SPDR S&P 500 ETF Trust-US Add +33.2% 46.36% +5.31 RH RH New 2.54% +2.54 QQQ Invesco QQQ Trust Series 1 New 2.11% +2.11 DLTR Dollar Tree Inc. New 1.70% +1.70 ADI Analog Devices Inc. New 1.65% +1.65 FIVE Five Below New 1.58% +1.58 SMH Vaneck Semiconductor ETF New 1.23% +1.23 CIEN Ciena Corp. New 1.16% +1.16 FXI iShares China Large-Cap ETF New 1.16% +1.16 MAR Marriott International Class A Add +176.9% 1.64% +1.04 TTD Trade Desk Inc./the Class A Add +218.6% 1.78% +0.91 DG Dollar General Corp. New 0.84% +0.84 BBY Best Buy Co. Inc. New 0.81% +0.81 JPM JPMorgan Chase & Co. New 0.73% +0.73 KO The Coca-Cola Co. New 0.66% +0.66 MMM 3M Co. New 0.66% +0.66 XLI SS Industrial Select Sector New 0.66% +0.66 GLD SPDR Gold Shares New 0.62% +0.62 ASML ASML Holding NV-NY Reg SHS New 0.62% +0.62 NXPI NXP Semiconductors NV New 0.61% +0.61 GEV GE Vernova Inc. New 0.61% +0.61 TSLA Tesla Inc. New 0.59% +0.59 MSFT Microsoft Corp. Add +121.9% 1.33% +0.55 ETN Eaton Corp. PLC New 0.55% +0.55 OKTA Okta Inc. New 0.50% +0.50 AFL Aflac Inc. New 0.48% +0.48 KRE SS SPDR S&P Regional Bank New 0.45% +0.45 COP Conocophillips New 0.44% +0.44 MA Mastercard Inc. Class A New 0.42% +0.42 DHR Danaher Corp. New 0.42% +0.42 ARM Arm Holdings PLC-ADR New 0.40% +0.40 CFG Citizens Financial Group New 0.39% +0.39 MET Metlife Inc. New 0.37% +0.37 LVS Las Vegas Sands Corp. New 0.37% +0.37 PFE Pfizer Inc. New 0.36% +0.36 HON Honeywell International Inc. New 0.34% +0.34 CMG Chipotle Mexican Grill Inc. New 0.34% +0.34 CB Chubb Ltd. New 0.32% +0.32 WBD Warner Bros Discovery Inc. Add +7.5% 0.91% +0.22 NMFC New Mountain Finance Corp. Add +60.5% 0.35% +0.08 CVX Chevron Corp. Add +4.0% 0.41% −0.07 PTLO Portillo's Inc. Class A Add +9.1% 1.29% −0.74
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ STATE STR SPDR S&P 500 ETF T put Add +56.2% 26,400 $18.0M APPLE INC put Add +0.5% 64,400 $17.5M ASML HLDG NV call Sold out 12,200 $11.8Mbefore exit TESLA INC put Add +22.5% 22,300 $10.0M INTEL CORP call Add +33.0% 248,100 $9.2M BLACKSTONE INC put Sold out 50,600 $8.6Mbefore exit SELECT SECTOR SPDR TR put Add +8.3% 53,700 $8.3M CAPITAL ONE FINL CORP put Add +267.4% 33,800 $8.2M SELECT SECTOR SPDR TR call Sold out 28,600 $8.1Mbefore exit HOME DEPOT INC put Sold out 16,200 $6.6Mbefore exit MICRON TECHNOLOGY INC put Add +625.8% 22,500 $6.4M SELECT SECTOR SPDR TR put Sold out 22,700 $6.4Mbefore exit LOWES COS INC put Sold out 24,800 $6.2Mbefore exit REALTY INCOME CORP put Sold out 90,100 $5.5Mbefore exit TAIWAN SEMICONDUCTOR MANUFAC put Sold out 19,000 $5.3Mbefore exit STATE STR SPDR S&P 500 ETF T call Add +1825.0% 7,700 $5.3M SELECT SECTOR SPDR TR call Sold out 36,100 $5.0Mbefore exit META PLATFORMS INC put Sold out 6,500 $4.8Mbefore exit INTEL CORP put Reduce -11.5% 122,000 $4.5M HALLIBURTON CO put New 156,100 $4.4M ISHARES TR call New 102,600 $3.9M OVINTIV INC call Add +11.1% 96,800 $3.8M APPLOVIN CORP call Sold out 5,200 $3.7Mbefore exit HOME DEPOT INC call Sold out 9,100 $3.7Mbefore exit ALIBABA GROUP HLDG LTD call Sold out 19,900 $3.6Mbefore exit CHUBB LIMITED put New 11,200 $3.5M ISHARES TR call New 14,200 $3.5M APPLE INC call Reduce -52.1% 12,500 $3.4M MARRIOTT INTL INC NEW put Add +635.7% 10,300 $3.2M BRISTOL-MYERS SQUIBB CO put New 58,300 $3.1M LAS VEGAS SANDS CORP put Add +108.3% 47,700 $3.1M BOEING CO call Sold out 14,300 $3.1Mbefore exit CAPITAL ONE FINL CORP call Add +43.7% 12,500 $3.0M INVESCO QQQ TR call Sold out 5,000 $3.0Mbefore exit BLACKSTONE INC call Sold out 16,800 $2.9Mbefore exit ALPHABET INC put Add +221.4% 9,000 $2.8M LOWES COS INC call Sold out 11,200 $2.8Mbefore exit BROADCOM INC call Add +700.0% 8,000 $2.8M EXXON MOBIL CORP put Reduce -58.2% 22,500 $2.7M ASE TECHNOLOGY HLDG CO LTD call New 167,000 $2.7M CADENCE DESIGN SYSTEM INC call Sold out 7,500 $2.6Mbefore exit NOVARTIS AG put Add +377.5% 19,100 $2.6M ISHARES TR put New 10,600 $2.6M INVESCO QQQ TR put Reduce -28.6% 4,000 $2.5M VANECK ETF TRUST put Reduce -74.0% 6,800 $2.4M ISHARES TR put New 63,200 $2.4M TESLA INC call Reduce -32.9% 5,300 $2.4M ISHARES TR put Sold out 22,100 $2.4Mbefore exit VALERO ENERGY CORP put Sold out 13,800 $2.3Mbefore exit FEDEX CORP put Add +440.0% 8,100 $2.3M
Showing the first 50 of 358.
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 50 $128.9M SPY, RSP, TSLA, NVDA, META Q1 2026 87 $103.6M QQQ, SPY, AVGO, MSFT, META Q4 2025 48 $63.5M SPY, MU, RSP, RH, QQQ Q3 2025 47 $52.6M SPY, ORCL, ACN, LOW, AAPL Q2 2025 25 $81.3M SPY, BKNG, QQQ, GS, CIEN Q1 2025 75 $69.7M SPY, QQQ, XLK, IWM, MDY Q4 2024 57 $45.6M SPY, XLK, UBER, QQQ, SMH Q3 2024 46 $66.6M SPY, ARM, QQQ, SMH, FIVE Q2 2024 59 $66.5M SPY, ARM, QQQ, TSM, PDD Q1 2024 34 $48.4M SPY, DIA, NVDA, ARM, QQQ