Cinctive Capital Management LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Cinctive Capital Management LP reported 336 stock positions worth $1.8 billion. Its top holding was Vistra (VST) at 3.1% of the portfolio, followed by Fluor (FLR, 2.3%) and Constellation Energy (CEG, 2.2%). Compared with Q1 2025, it opened 178 new positions, sold out of 127, added to 97 and reduced 58. The biggest buy was Fluor (FLR, shares +2430%) and the biggest sale an exit from Beacon Roofing Supply (BECN).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001787258
Portfolio Value
$1.8B (Q2 2025)
SEC Filing
0001172661-25-003355 ↗ filed Aug 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.9B Q1 2024 Q2 2024: $1.9B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.9B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.8B $1.8B Q2 2025 Q3 2025: $2.0B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $2.5B Q2 2026

Holdings 336 stocks · $1.8B
VST Vistra Corp. 3.15% 290,599 $56.3M Add +13.4%
FLR Fluor Corp. 2.27% 793,269 $40.7M Add +2429.6%
CEG Constellation Energy 2.18% 120,785 $39.0M Reduce -11.0%
K Kellanova 2.02% 453,724 $36.1M Add +4.3%
BPMC Blueprint Medicines Corp. 1.90% 265,000 $34.0M Add +749.5%
PEG Public Service Enterprise GP 1.44% 305,456 $25.7M Add +214.9%
CFG Citizens Financial Group 1.34% 534,250 $23.9M New
INFA Informatica Inc. Class A 1.28% 937,361 $22.8M New
WMB Williams Cos Inc. 1.25% 355,052 $22.3M New
FYBR Frontier Communications Pare 1.23% 605,000 $22.0M Add +8.0%
SRE Sempra 1.20% 282,922 $21.4M Add +126.3%
DLTR Dollar Tree Inc. 1.20% 216,176 $21.4M Add +170.5%
DUK Duke Energy Corp. 1.18% 178,971 $21.1M New
TPR Tapestry Inc. 1.06% 215,743 $18.9M Reduce -30.7%
ULTA Ulta Beauty Inc. 1.05% 40,320 $18.9M New
VLO Valero Energy Corp. 1.04% 137,778 $18.5M Add +112.7%
KMI Kinder Morgan Inc. 1.00% 608,100 $17.9M Reduce -41.1%
NVDA Nvidia Corp. 0.99% 111,675 $17.6M Add +72.7%
BE Bloom Energy Corp. Class A 0.96% 716,558 $17.1M New
KEY Keycorp 0.92% 940,240 $16.4M Add +173.2%
LZM Lifezone Metals Ltd. 0.89% 3,862,836 $15.9M Add +2.9%
MS Morgan Stanley 0.87% 110,106 $15.5M Reduce -14.4%
AR Antero Resources Corp. 0.86% 381,606 $15.4M New
HD Home Depot Inc. 0.85% 41,469 $15.2M Reduce -31.3%
CHDN Churchill Downs Inc. 0.82% 145,785 $14.7M Add +1.6%
COF Capital One Financial Corp. 0.80% 67,076 $14.3M Add +4.0%
RKT Rocket Cos Inc. Class A 0.79% 994,742 $14.1M Add +2300.3%
CFLT Confluent Inc. Class A 0.78% 561,831 $14.0M New
CSX CSX Corp. 0.77% 422,933 $13.8M New
HBAN Huntington Bancshares Inc. 0.74% 785,846 $13.2M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.73% 274,252 $13.0M Reduce -38.1%
FHN First Horizon Corp. 0.72% 607,277 $12.9M Add +52.6%
INTC Intel Corp. 0.71% 564,208 $12.6M Add +45.8%
AMZN Amazon.com Inc. 0.71% 57,516 $12.6M New
DAL Delta Air Lines Inc. 0.70% 255,660 $12.6M Add +105.0%
JPM JPMorgan Chase & Co. 0.69% 42,679 $12.4M Add +23.5%
FLEX Flex Ltd. 0.69% 245,739 $12.3M New
EW Edwards Lifesciences Corp. 0.68% 156,228 $12.2M Add +61.1%
ORLY O'reilly Automotive Inc. 0.67% 133,213 $12.0M Add +9.0%
LNG Cheniere Energy Inc. 0.67% 49,199 $12.0M New
PSMT Pricesmart Inc. 0.65% 111,269 $11.7M Add +17.8%
MD Pediatrix Medical Group Inc. 0.62% 775,733 $11.1M New
AMD Advanced Micro Devices 0.62% 78,209 $11.1M Add +1754.2%
BRO Brown & Brown Inc. 0.62% 99,886 $11.1M New
WMT Walmart Inc. 0.62% 113,149 $11.1M New
GMS GMS Inc. 0.61% 100,000 $10.9M New
MPC Marathon Petroleum Corp. 0.60% 64,743 $10.8M Add +2.3%
BHF Brighthouse Financial Inc. 0.60% 199,836 $10.7M Add +83.1%
ROST Ross Stores Inc. 0.59% 82,698 $10.6M Add +17.9%
DDOG Datadog Inc. Class A 0.59% 78,065 $10.5M New
FCX Freeport-McMoran Inc. 0.57% 233,766 $10.1M New
ISRG Intuitive Surgical Inc. 0.56% 18,373 $10.0M Add +44.6%
A Agilent Technologies Inc. 0.55% 83,052 $9.8M New
OKE Oneok Inc. 0.54% 117,558 $9.6M New
WDC Western Digital Corp. 0.53% 147,790 $9.5M New
BLDR Builders Firstsource Inc. 0.52% 79,734 $9.3M New
BURL Burlington Stores Inc. 0.52% 39,682 $9.2M Reduce -10.9%
MXL Maxlinear Inc. 0.51% 643,028 $9.1M Reduce -18.9%
AGI Alamos Gold Inc. Class A 0.50% 338,134 $9.0M New
PLNT Planet Fitness Inc. Class A 0.50% 82,002 $8.9M Add +745.9%
ICE Intercontinental Exchange Inc. 0.49% 47,772 $8.8M New
BG Bunge Global SA 0.49% 108,527 $8.7M New
BATRK Atlanta Braves Holdings in-C 0.49% 185,623 $8.7M Reduce -10.0%
BBIO Bridgebio Pharma Inc. 0.47% 194,360 $8.4M New
EVR Evercore Inc. Class A 0.46% 30,626 $8.3M Add +291.4%
TXN Texas Instruments Inc. 0.45% 38,694 $8.0M Add +120.4%
SPTN Spartannash Co. 0.44% 300,000 $7.9M New
CG The Carlyle Group Inc. 0.44% 153,541 $7.9M New
EXE Expand Energy Corp. 0.44% 67,430 $7.9M Add +423.6%
MASI Masimo Corp. 0.44% 46,787 $7.9M New
PRVA Privia Health Group Inc. 0.44% 340,971 $7.8M Add +34.4%
MCD McDonald's Corp. 0.44% 26,833 $7.8M New
LRCX Lam Research Corp. 0.44% 80,539 $7.8M Add +68.2%
H Hyatt Hotels Corp. Class A 0.44% 56,127 $7.8M Reduce -21.4%
MDB Mongodb Inc. 0.44% 37,064 $7.8M New
ALNY Alnylam Pharmaceuticals Inc. 0.42% 22,868 $7.5M Reduce -8.0%
WYNN WYNN Resorts Ltd. 0.42% 79,405 $7.4M New
JEF Jefferies Financial Group Inc. 0.41% 133,237 $7.3M Add +369.9%
BBY Best Buy Co. Inc. 0.41% 108,370 $7.3M Add +80.3%
CNK Cinemark Holdings Inc. 0.41% 240,419 $7.3M Add +6.9%
STT State Street Corp. 0.40% 67,856 $7.2M Add +62.0%
ADPT Adaptive Biotechnologies 0.40% 615,744 $7.2M Add +63.4%
SIMO Silicon Motion Technol-ADR 0.40% 94,880 $7.1M New
TRP TC Energy Corp. 0.39% 141,663 $6.9M New
IOT Samsara Inc. Class A 0.38% 172,722 $6.9M Add +805.1%
BL Blackline Inc. 0.38% 120,937 $6.8M Reduce -8.5%
AM Antero Midstream Corp. 0.38% 359,327 $6.8M New
ORCL Oracle Corp. 0.38% 31,053 $6.8M New
FIVE Five Below 0.38% 51,181 $6.7M Reduce -38.3%
PRMB Primo Brands Corp. 0.37% 225,504 $6.7M Add +372.4%
TLN Talen Energy Corp. 0.37% 22,751 $6.6M New
VSXY Victoria's Secret & Co. 0.37% 353,926 $6.6M New
CRL Charles River Laboratories 0.36% 42,944 $6.5M Add +2060.2%
CVS CVS Health Corp. 0.35% 90,656 $6.3M Reduce -45.5%
MTB M & T Bank Corp. filed as M & T BK CORP 0.34% 31,522 $6.1M Add +55.4%
CPRI Capri Holdings Ltd. 0.34% 342,655 $6.1M New
NEXT Nextdecade Corp. 0.34% 679,449 $6.1M New
TSM Taiwan Semiconductor-SP ADR 0.33% 26,435 $6.0M New
CNNE Cannae Holdings Inc. 0.33% 284,590 $5.9M Reduce -16.8%
KKR KKR & Co. Inc. 0.33% 44,291 $5.9M Add +5.7%
VOYA Voya Financial Inc. 0.32% 81,761 $5.8M New
NXE Nexgen Energy Ltd. 0.32% 831,675 $5.8M New
PWR Quanta Services Inc. 0.32% 15,228 $5.8M Reduce -31.7%
VRNA Verona Pharma Ltd. 0.32% 59,654 $5.6M Reduce -8.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.31% 75,777 $5.6M New
ABBV Abbvie Inc. 0.31% 29,860 $5.5M Add +744.5%
EHC Encompass Health Corp. 0.31% 45,011 $5.5M Add +203.0%
BRKR Bruker Corp. 0.31% 133,846 $5.5M New
ANET Arista Networks Inc. 0.31% 53,760 $5.5M New
ONON On Holding AG Class A filed as ON HLDG AG 0.31% 105,428 $5.5M Reduce -31.6%
JBS JBS NV-A 0.31% 374,666 $5.5M New
CCL Carnival Corp. 0.30% 189,564 $5.3M New
ALLY Ally Financial Inc. 0.30% 136,517 $5.3M New
AAPL Apple Inc. 0.29% 25,683 $5.3M New
COR Cencora Inc. 0.29% 17,492 $5.2M Reduce -33.7%
SBAC SBA Communications Corp. 0.29% 22,174 $5.2M New
LEVI Levi Strauss & Co. Class A 0.29% 281,598 $5.2M Add +41.5%
JHX James Hardie Ord 0.29% 193,379 $5.2M New
MSFT Microsoft Corp. 0.29% 10,433 $5.2M Add +473.2%
T AT&T Inc. 0.29% 177,861 $5.1M New
SITM Sitime Corp. 0.29% 24,133 $5.1M Reduce -23.7%
STE Steris PLC 0.29% 21,356 $5.1M Add +104.6%
WTFC Wintrust Financial Corp. 0.29% 41,360 $5.1M Add +283.1%
WFC Wells Fargo & Co. 0.29% 63,873 $5.1M Reduce -72.0%
SHEL Shell PLC-ADR 0.29% 72,679 $5.1M Add +170.4%
LLY Eli Lilly & Co. 0.28% 6,421 $5.0M Add +241.5%
PHM Pultegroup Inc. 0.28% 47,367 $5.0M Add +882.7%
SPGI S&P Global Inc. 0.28% 9,369 $4.9M Add +68.2%
WAY Waystar Holding Corp. 0.27% 119,013 $4.9M Add +52.2%
WELL Welltower Inc. 0.27% 31,257 $4.8M Reduce -36.1%
RRR Red Rock Resorts Inc. Class A 0.27% 91,553 $4.8M New
META Meta Platforms Inc. Class A 0.26% 6,393 $4.7M Reduce -53.0%
OKLO Oklo Inc. 0.26% 83,666 $4.7M New
HSIC Henry Schein Inc. 0.26% 63,747 $4.7M New
RYTM Rhythm Pharmaceuticals Inc. 0.25% 70,937 $4.5M Add +1528.5%
MKTX Marketaxess Holdings Inc. 0.24% 19,275 $4.3M Add +32.8%
TDG Transdigm Group Inc. 0.24% 2,805 $4.3M Add +121.2%
RMBS Rambus Inc. 0.23% 65,677 $4.2M New
DOV Dover Corp. 0.23% 22,246 $4.1M Add +125.7%
CNP Centerpoint Energy Inc. 0.23% 110,265 $4.1M New
TER Teradyne Inc. 0.23% 44,978 $4.0M New
BEN Franklin Templeton Inc. 0.23% 169,574 $4.0M New
PNR Pentair PLC 0.23% 39,235 $4.0M Add +251.8%
NXST Nexstar Media Group Inc. 0.22% 22,316 $3.9M Add +57.2%
VERA Vera Therapeutics Inc. 0.21% 162,083 $3.8M Add +514.8%
CC The Chemours Co. 0.21% 332,853 $3.8M Add +106.8%
MRK Merck & Co. Inc. 0.21% 47,026 $3.7M New
ELAN Elanco Animal Health Inc. 0.20% 255,914 $3.7M New
PFE Pfizer Inc. 0.20% 150,446 $3.6M Reduce -14.9%
GE General Electric filed as GE AEROSPACE 0.20% 14,019 $3.6M New
SPR Spirit Aerosystems Hold Class A 0.20% 93,500 $3.6M New
MCK McKesson Corp. 0.19% 4,735 $3.5M New
SFD Smithfield Foods Inc. 0.19% 147,416 $3.5M Reduce -12.1%
WTTR Select Water Solutions Inc. 0.19% 400,436 $3.5M Add +33.4%
LPLA LPL Financial Holdings Inc. 0.19% 9,213 $3.5M Reduce -71.7%
LASR Nlight Inc. 0.19% 171,749 $3.4M Reduce -58.4%
STM Stmicroelectronics NV-NY SHS 0.19% 110,979 $3.4M New
KGC Kinross Gold Corp. 0.19% 215,770 $3.4M Add +110.8%
APO Apollo Global Management Inc. 0.19% 23,650 $3.4M Reduce -26.3%
INSM Insmed Inc. 0.18% 32,874 $3.3M Add +39.6%
PCG P G & E Corp. 0.18% 228,913 $3.2M New
SKX Skechers USA Inc. Class A 0.18% 50,000 $3.2M New
JBTM JBT Marel Corp. 0.18% 26,067 $3.1M New
HQY Healthequity Inc. 0.17% 28,786 $3.0M New
WBS Webster Financial Corp. 0.17% 55,062 $3.0M Add +145.0%
AZN Astrazeneca PLC-Spons ADR 0.16% 41,974 $2.9M Reduce -52.5%
ABT Abbott Laboratories 0.16% 21,491 $2.9M New
CAKE The Cheesecake Factory Inc. 0.16% 46,605 $2.9M New
WT Wisdomtree Inc. 0.16% 249,211 $2.9M New
DT Dynatrace Inc. 0.16% 51,882 $2.9M Reduce -87.7%
HOLX Hologic Inc. 0.16% 43,285 $2.8M New
BFH Bread Financial Holdings Inc. 0.16% 49,191 $2.8M New
CLDX Celldex Therapeutics Inc. 0.16% 138,040 $2.8M Add +218.1%
CTRA Coterra Energy Inc. 0.16% 110,413 $2.8M New
MSCI MSCI Inc. 0.16% 4,817 $2.8M Add +438.8%
PIPR Piper Sandler Cos 0.15% 9,808 $2.7M New
VNOM Viper Energy Inc. 0.15% 70,000 $2.7M New
SBRA Sabra Health Care REIT Inc. 0.14% 140,332 $2.6M Add +74.3%
GOOG Alphabet Inc. Class C 0.14% 14,544 $2.6M New
TKR Timken Co. 0.14% 34,685 $2.5M New
PRCT Procept Biorobotics Corp. 0.14% 43,583 $2.5M New
KDP Keurig Dr Pepper Inc. 0.14% 75,472 $2.5M Reduce -67.1%
CWAN Clearwater Analytics HDS-A 0.14% 110,453 $2.4M Add +97.1%
VTRS Viatris Inc. 0.13% 269,897 $2.4M New
RH RH 0.13% 12,594 $2.4M Add +34.2%
NVT Nvent Electric PLC 0.13% 32,225 $2.4M New
MRUS Merus NV 0.13% 43,381 $2.3M Add +250.9%
FAST Fastenal Co. 0.13% 53,923 $2.3M Add +4.0%
AAON Aaon Inc. 0.13% 30,447 $2.2M New
PINS Pinterest Inc. Class A 0.12% 62,154 $2.2M New
EME Emcor Group Inc. 0.12% 4,158 $2.2M Add +411.4%
TGNA Tegna Inc. 0.12% 132,244 $2.2M Add +147.9%
CBRE CBRE Group Inc. Class A 0.12% 15,775 $2.2M Add +31.1%
MC Moelis & Co. Class A 0.12% 35,406 $2.2M Add +59.4%
CGON CG Oncology Inc. 0.12% 84,856 $2.2M Add +347.7%
IPG Interpublic Group of Cos Inc. 0.12% 89,712 $2.2M Reduce -10.3%
CRDO Credo Technology Group Holdi 0.12% 22,958 $2.1M Reduce -0.2%
TOL Toll Brothers Inc. 0.12% 18,548 $2.1M New
VNT Vontier Corp. 0.12% 56,583 $2.1M New
FISV Fiserv Inc. 0.11% 11,840 $2.0M New
SN Sharkninja Inc. 0.11% 20,588 $2.0M New
GTES Gates Industrial Corp. UK Ltd. 0.11% 87,773 $2.0M Add +422.0%
SMTC Semtech Corp. 0.11% 44,626 $2.0M New
WCC Wesco International Inc. 0.11% 10,866 $2.0M New
W Wayfair Inc. Class A 0.11% 38,742 $2.0M Reduce -21.5%
DASH DoorDash Inc. Class A 0.11% 7,978 $2.0M New
BBWI Bath & Body Works Inc. 0.11% 65,609 $2.0M Reduce -81.8%
CRS Carpenter Technology 0.11% 7,030 $1.9M Add +313.5%
PACS Pacs Group Inc. 0.11% 150,335 $1.9M New
GILD Gilead Sciences Inc. 0.11% 17,420 $1.9M Add +31.9%
IP International Paper Co. 0.11% 41,219 $1.9M New
RPRX Royalty Pharma PLC Class A 0.11% 53,190 $1.9M New
SYY Sysco Corp. 0.11% 25,108 $1.9M New
LHX L3HARRIS Technologies Inc. 0.11% 7,571 $1.9M New
OC Owens Corning 0.10% 13,646 $1.9M Add +720.6%
WTW Willis Towers Watson PLC 0.10% 6,113 $1.9M Reduce -59.9%
PKG Packaging Corp. of America 0.10% 9,877 $1.9M New
BIIB Biogen Inc. 0.10% 14,802 $1.9M Add +87.5%
WVE Wave Life Sciences Ltd. 0.10% 277,764 $1.8M New
ICLR Icon PLC 0.10% 12,138 $1.8M New
UNM Unum Group 0.10% 21,813 $1.8M Reduce -46.9%
ILMN Illumina Inc. 0.10% 18,212 $1.7M New
EWZ iShares MSCI Brazil ETF 0.10% 60,000 $1.7M New
NTRS Northern Trust Corp. 0.10% 13,541 $1.7M New
BDX Becton Dickinson and Co. 0.09% 9,819 $1.7M New
TNET Trinet Group Inc. 0.09% 22,861 $1.7M Add +375.8%
CMG Chipotle Mexican Grill Inc. 0.09% 29,092 $1.6M New
REGN Regeneron Pharmaceuticals 0.09% 3,109 $1.6M New
CDRE Cadre Holdings Inc. 0.09% 50,628 $1.6M Add +55.0%
NEE Nextera Energy Inc. 0.09% 23,199 $1.6M Reduce -84.1%
SRRK Scholar Rock Holding Corp. 0.09% 45,422 $1.6M New
ASND Ascendis Pharma A/S 0.09% 9,214 $1.6M Add +20.6%
DRVN Driven Brands Holdings Inc. 0.09% 89,915 $1.6M Reduce -27.1%
TRV The Travelers Cos Inc. 0.09% 5,883 $1.6M New
ASO Academy Sports & Outdoors Inc. 0.09% 34,885 $1.6M New
SYK Stryker Corp. 0.09% 3,926 $1.6M New
ECHO Echostar Corp. Class A 0.09% 55,406 $1.5M New
GLXY Galaxy Digital Inc. Class A 0.09% 69,426 $1.5M New
XLV SS Health Care Select Sector 0.08% 11,225 $1.5M New
MDGL Madrigal Pharmaceuticals Inc. 0.08% 4,768 $1.4M Add +337.0%
THC Tenet Healthcare Corp. 0.08% 8,015 $1.4M Add +16.4%
CNM Core & Main Inc. Class A 0.08% 22,782 $1.4M New
DXJ Wisdomtree Japan Hedged Eq 0.08% 12,000 $1.4M New
NRIX Nurix Therapeutics Inc. 0.07% 116,133 $1.3M Add +199.5%
SCCO Southern Copper Corp. 0.07% 13,000 $1.3M New
XLY SS Consumer Disc Select Sect 0.07% 6,000 $1.3M New
C Citigroup Inc. 0.07% 14,891 $1.3M New
ARGX Argenx SE - ADR 0.07% 2,298 $1.3M Reduce -43.1%
BLK BlackRock Inc. 0.07% 1,206 $1.3M Reduce -87.0%
PVH PVH Corp. 0.07% 17,873 $1.2M New
HUM Humana Inc. 0.07% 5,000 $1.2M New
USFD US Foods Holding Corp. 0.06% 15,087 $1.2M Add +17.1%
GLD SPDR Gold Shares 0.06% 3,798 $1.2M Reduce -23.3%
ACLX Arcellx Inc. 0.06% 17,539 $1.2M New
IVZ Invesco Ltd. 0.06% 69,219 $1.1M Reduce -77.5%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.06% 3,356 $1.1M Reduce -27.7%
GEV GE Vernova Inc. 0.06% 1,989 $1.1M New
CR Crane Co. 0.06% 5,431 $1.0M New
IYT iShares US Transportation Et 0.06% 15,000 $1.0M New
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.06% 25,000 $987K New
TAC Transalta Corp. 0.05% 91,080 $982K New
SF Stifel Financial Corp. 0.05% 8,950 $929K Add +13.4%
VRT Vertiv Holdings Co. Class A 0.05% 7,018 $901K New
GLOB Globant SA 0.05% 9,866 $896K New
HR Healthcare Realty Trust Inc. 0.05% 52,817 $838K New
APLS Apellis Pharmaceuticals Inc. 0.05% 47,700 $826K New
HEI Heico Corp. 0.05% 2,500 $820K New
RTX RTX Corp. 0.04% 5,495 $802K New
KTB Kontoor Brands Inc. 0.04% 12,124 $800K Reduce -11.8%
ITT Itt Inc. 0.04% 5,000 $784K Add +95.5%
NSC Norfolk Southern Corp. 0.04% 3,002 $768K New
UBER Uber Technologies Inc. 0.04% 8,166 $762K New
EQH Equitable Holdings Inc. 0.04% 13,443 $754K Reduce -77.2%
OTIS Otis Worldwide Corp. 0.04% 7,544 $747K Add +121.9%
LII Lennox International Inc. 0.04% 1,300 $745K New
BTSG Brightspring Health Services 0.04% 30,979 $731K New
OSW Onespaworld Holdings Ltd. 0.04% 35,538 $725K New
GEO The Geo Group Inc. 0.04% 30,207 $723K Reduce -81.0%
SGRY Surgery Partners Inc. 0.04% 32,324 $719K New
MLM Martin Marietta Materials 0.04% 1,280 $703K New
SMH Vaneck Semiconductor ETF 0.04% 2,500 $697K New
TSLA Tesla Inc. 0.04% 2,192 $696K New
TTI Tetra Technologies Inc. 0.04% 204,030 $686K Reduce -57.0%
RARE Ultragenyx Pharmaceutical Inc. 0.04% 18,731 $681K Reduce -75.8%
AMRZ Amrize Ltd. 0.04% 13,229 $655K New
JCI Johnson Controls Internation 0.04% 6,062 $640K New
ALGN Align Technology Inc. 0.04% 3,355 $635K New
BOW Bowhead Specialty Holdings I 0.03% 16,625 $624K Add +22.6%
ZBRA Zebra Technologies Corp. Class A 0.03% 2,000 $617K New
NBIX Neurocrine Biosciences Inc. 0.03% 4,766 $599K New
TXT Textron Inc. 0.03% 7,400 $594K New
GD General Dynamics Corp. 0.03% 2,030 $592K New
IE Ivanhoe Electric Inc. / US 0.03% 64,513 $585K New
WAT Waters Corp. 0.03% 1,590 $555K Reduce -89.8%
FERG Ferguson Enterprises Inc. 0.03% 2,500 $544K New
OS Onestream Inc. 0.03% 18,929 $536K New
AMR Alpha Metallurgical Resource 0.03% 4,611 $519K New
ZG Zillow Group Inc. Class A 0.03% 7,465 $511K New
WWD Woodward Inc. 0.03% 2,000 $490K New
EBAY eBay Inc. 0.03% 6,532 $486K Reduce -27.8%
MAS Masco Corp. 0.03% 7,503 $483K New
EAT Brinker International Inc. 0.03% 2,614 $471K New
IR Ingersoll-Rand Inc. 0.03% 5,514 $459K Add +62.2%
GDRX Goodrx Holdings Inc. Class A 0.03% 90,000 $448K New
VIR Vir Biotechnology Inc. 0.02% 88,171 $444K Add +4.5%
VKTX Viking Therapeutics Inc. 0.02% 16,209 $430K Reduce -66.9%
STX Seagate Technology Holdings 0.02% 2,976 $430K New
RDNT Radnet Inc. 0.02% 7,436 $423K New
SBGI Sinclair Inc. 0.02% 30,000 $415K Reduce -54.8%
TERN Terns Pharmaceuticals Inc. 0.02% 109,997 $410K No change
UAL United Airlines Holdings Inc. 0.02% 4,922 $392K New
HUBB Hubbell Inc. 0.02% 881 $360K New
IDYA Ideaya Biosciences Inc. 0.02% 16,993 $357K New
JCAP Jefferson Capital Inc. 0.02% 19,315 $356K New
TDOC Teladoc Health Inc. 0.02% 40,000 $348K New
LQDA Liquidia Corp. 0.02% 27,786 $346K Reduce -54.1%
MU Micron Technology Inc. 0.02% 2,804 $346K New
NCNO Ncino Inc. 0.02% 12,341 $345K New
NDAQ Nasdaq Inc. 0.02% 3,804 $340K New
DNLI Denali Therapeutics Inc. 0.02% 24,310 $340K New
IBKR Interactive Brokers Gro Class A 0.02% 6,036 $334K New
ANNX Annexon Inc. 0.02% 135,466 $325K No change
MTSI Macom Technology Solutions H 0.02% 2,253 $323K Reduce -41.1%
UHS Universal Health Services-B 0.02% 1,713 $310K New
KRE SS SPDR S&P Regional Bank 0.02% 5,000 $297K New
CNC Centene Corp. 0.02% 5,094 $277K New
ETOR Etoro Group Ltd. Class A 0.02% 4,117 $274K New
TENB Tenable Holdings Inc. 0.02% 8,024 $271K New
PGR Progressive Corp. 0.01% 1,000 $267K Reduce -93.1%
PLD Prologis Inc. 0.01% 2,263 $238K New
CHKP Check Point Software Tech 0.01% 1,044 $231K Reduce -96.8%
MLYS Mineralys Therapeutics Inc. 0.01% 16,113 $218K Add +13.3%
CYBR Cyberark Software Ltd./Israel 0.01% 521 $212K New
TEAM Atlassian Corp. Class A 0.01% 1,042 $212K Reduce -94.1%
WAL Western Alliance Bancorp 0.01% 2,660 $207K New
ADTN Adtran Holdings Inc. 0.01% 13,522 $121K No change

Options reported separately and not counted above: QQQ puts ($22.1M), MCD calls ($20.5M), CFLT calls ($11.2M), VSXY calls ($8.8M), SOXX puts ($8.4M), ON puts ($7.9M), ROST calls ($5.7M), XBI calls ($5.0M), ONON puts ($3.6M), HIMS puts ($3.0M), SLV calls ($1.6M), W puts ($1.6M), and 2 more.

Other holdings (4): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
SecurityClassShares / PrincipalValueChange
CVE.WS Cenovus Energy Inc. -CW26 *W EXP 01/01/202 181,700$1.6MNo change
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 550,000$213KNo change
FBYDW Falcon's Beyond Global-27 *W EXP 10/06/202 11,747$8KNo change
SESCW Ivanhoe Capital Class A -CW27 *W EXP 12/10/202 67,024$7KNo change

Total filed on the 13F, all lines: $1.8B.

Portfolio Sells Q1 2025 → Q2 2025
BECN Beacon Roofing Supply Inc. Sold out 0.00% −2.73
KD Kyndryl Holdings Inc. Sold out 0.00% −1.97
ALGM Allegro Microsystems Inc. Sold out 0.00% −1.89
IEF iShares 7-10 Year Treasury B Sold out 0.00% −1.56
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −1.47
GTLB Gitlab Inc. Class A Sold out 0.00% −1.43
DT Dynatrace Inc. Reduce -87.7% 0.16% −1.43
KMI Kinder Morgan Inc. Reduce -41.1% 1.00% −1.35
WFC Wells Fargo & Co. Reduce -72.0% 0.29% −1.02
HD Home Depot Inc. Reduce -31.3% 0.85% −0.91
BSX Boston Scientific Corp. Sold out 0.00% −0.83
BBWI Bath & Body Works Inc. Reduce -81.8% 0.11% −0.76
BAC Bank of America Corp. Reduce -38.1% 0.73% −0.75
SHW The Sherwin-Williams Co. Sold out 0.00% −0.74
NEE Nextera Energy Inc. Reduce -84.1% 0.09% −0.73
ALL Allstate Corp. Sold out 0.00% −0.71
TPR Tapestry Inc. Reduce -30.7% 1.06% −0.69
LPLA LPL Financial Holdings Inc. Reduce -71.7% 0.19% −0.66
BLK BlackRock Inc. Reduce -87.0% 0.07% −0.63
BIRK Birkenstock Holding PLC Sold out 0.00% −0.61
CAH Cardinal Health Inc. Sold out 0.00% −0.60
CHKP Check Point Software Tech Reduce -96.8% 0.01% −0.58
ELV Elevance Health Inc. Sold out 0.00% −0.57
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.56
CVS CVS Health Corp. Reduce -45.5% 0.35% −0.55
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.55
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.54
DKS Dick's Sporting Goods Inc. Sold out 0.00% −0.52
GAP The Gap Inc. Sold out 0.00% −0.52
TRU Transunion Sold out 0.00% −0.51
XOP SS SPDR S&P Og Exp & Prod Sold out 0.00% −0.49
KDP Keurig Dr Pepper Inc. Reduce -67.1% 0.14% −0.49
AMT American Tower Corp. Sold out 0.00% −0.48
DECK Deckers Outdoor Corp. Sold out 0.00% −0.47
SCHW Schwab (charles) Corp. Sold out 0.00% −0.47
ACI Albertsons Cos Inc. Class A Sold out 0.00% −0.46
UNH Unitedhealth Group Inc. Sold out 0.00% −0.44
WAT Waters Corp. Reduce -89.8% 0.03% −0.43
HCA HCA Healthcare Inc. Sold out 0.00% −0.43
LVS Las Vegas Sands Corp. Sold out 0.00% −0.39
CSCO Cisco Systems Inc. Sold out 0.00% −0.39
TXRH Texas Roadhouse Inc. Sold out 0.00% −0.38
DD Dupont DE Nemours Inc. Sold out 0.00% −0.38
META Meta Platforms Inc. Class A Reduce -53.0% 0.26% −0.36
XOM Exxon Mobil Corp. Sold out 0.00% −0.36
AZN Astrazeneca PLC-Spons ADR Reduce -52.5% 0.16% −0.35
DTM DT Midstream Inc. Sold out 0.00% −0.35
ANF Abercrombie & Fitch Co. Class A Sold out 0.00% −0.34
PAGP Plains GP Holdings LP Sold out 0.00% −0.34
BURL Burlington Stores Inc. Reduce -10.9% 0.52% −0.33

Portfolio Buys Q1 2025 → Q2 2025
FLR Fluor Corp. Add +2429.6% 2.27% +2.18
BPMC Blueprint Medicines Corp. Add +749.5% 1.90% +1.68
CFG Citizens Financial Group New 1.34% +1.34
INFA Informatica Inc. Class A New 1.28% +1.28
WMB Williams Cos Inc. New 1.25% +1.25
DUK Duke Energy Corp. New 1.18% +1.18
ULTA Ulta Beauty Inc. New 1.05% +1.05
BE Bloom Energy Corp. Class A New 0.96% +0.96
AR Antero Resources Corp. New 0.86% +0.86
PEG Public Service Enterprise GP Add +214.9% 1.44% +0.80
CFLT Confluent Inc. Class A New 0.78% +0.78
CSX CSX Corp. New 0.77% +0.77
VST Vistra Corp. Add +13.4% 3.15% +0.75
RKT Rocket Cos Inc. Class A Add +2300.3% 0.79% +0.75
HBAN Huntington Bancshares Inc. New 0.74% +0.74
DLTR Dollar Tree Inc. Add +170.5% 1.20% +0.72
AMZN Amazon.com Inc. New 0.71% +0.71
FLEX Flex Ltd. New 0.69% +0.69
LNG Cheniere Energy Inc. New 0.67% +0.67
MD Pediatrix Medical Group Inc. New 0.62% +0.62
BRO Brown & Brown Inc. New 0.62% +0.62
WMT Walmart Inc. New 0.62% +0.62
GMS GMS Inc. New 0.61% +0.61
DDOG Datadog Inc. Class A New 0.59% +0.59
AMD Advanced Micro Devices Add +1754.2% 0.62% +0.59
FCX Freeport-McMoran Inc. New 0.57% +0.57
A Agilent Technologies Inc. New 0.55% +0.55
OKE Oneok Inc. New 0.54% +0.54
WDC Western Digital Corp. New 0.53% +0.53
BLDR Builders Firstsource Inc. New 0.52% +0.52
AGI Alamos Gold Inc. Class A New 0.50% +0.50
ICE Intercontinental Exchange Inc. New 0.49% +0.49
BG Bunge Global SA New 0.49% +0.49
SRE Sempra Add +126.3% 1.20% +0.49
KEY Keycorp Add +173.2% 0.92% +0.48
BBIO Bridgebio Pharma Inc. New 0.47% +0.47
SPTN Spartannash Co. New 0.44% +0.44
CG The Carlyle Group Inc. New 0.44% +0.44
MASI Masimo Corp. New 0.44% +0.44
MCD McDonald's Corp. New 0.44% +0.44
MDB Mongodb Inc. New 0.44% +0.44
NVDA Nvidia Corp. Add +72.7% 0.99% +0.43
PLNT Planet Fitness Inc. Class A Add +745.9% 0.50% +0.43
WYNN WYNN Resorts Ltd. New 0.42% +0.42
SIMO Silicon Motion Technol-ADR New 0.40% +0.40
TRP TC Energy Corp. New 0.39% +0.39
AM Antero Midstream Corp. New 0.38% +0.38
ORCL Oracle Corp. New 0.38% +0.38
TLN Talen Energy Corp. New 0.37% +0.37
VSXY Victoria's Secret & Co. New 0.37% +0.37

Options Activity Q1 2025 → Q2 2025
QQQ Invesco QQQ Trust Series 1 put New 40,000 $22.1M
MCD McDonald's Corp. call New 70,000 $20.5M
IEF iShares 7-10 Year Treasury B call Sold out 200,000 $19.1Mbefore exit
DLTR Dollar Tree Inc. call Sold out 150,000 $11.3Mbefore exit
CFLT Confluent Inc. Class A call New 450,000 $11.2M
VSXY Victoria's Secret & Co. call New 475,000 $8.8M
SOXX iShares Semiconductor ETF put New 35,000 $8.4M
ON On Semiconductor put New 150,000 $7.9M
HUM Humana Inc. call Sold out 24,500 $6.5Mbefore exit
ROST Ross Stores Inc. call New 45,000 $5.7M
XBI SS SPDR S&P Biotech ETF call New 60,000 $5.0M
XLC SS Comm Select Sector SPDR put Sold out 50,000 $4.8Mbefore exit
ONON On Holding AG Class A put New 70,000 $3.6M
HIMS Hims & Hers Health Inc. put New 60,000 $3.0M
CC The Chemours Co. call Sold out 200,000 $2.7Mbefore exit
DKS Dick's Sporting Goods Inc. put Sold out 10,000 $2.0Mbefore exit
ALGM Allegro Microsystems Inc. call Sold out 80,000 $2.0Mbefore exit
W Wayfair Inc. Class A put New 31,500 $1.6M
OSCR Oscar Health Inc. Class A call New 34,000 $729K
PAAS Pan American Silver Corp. call Sold out 25,000 $646Kbefore exit
CSTM Constellium SE call Sold out 50,000 $505Kbefore exit
CWAN Clearwater Analytics HDS-A call New 20,000 $439K
SLNO Soleno Therapeutics Inc. call Sold out 5,000 $357Kbefore exit

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 396$2.5BVST, IWM, APGE, PKG, HD
Q1 2026 345$1.5BVST, VLO, FPS, HD, LZM
Q4 2025 374$1.7BVST, CVX, FYBR, EXAS, CYBR
Q3 2025 371$2.0BVST, CYBR, ROST, K, FYBR
Q2 2025 336$1.8BVST, FLR, CEG, K, BPMC
Q1 2025 285$1.3BK, BECN, VST, KMI, CEG
Q4 2024 321$1.9BCEG, AM, WMB, DFS, K
Q3 2024 340$1.7BVST, AM, SRCL, BKV, KD
Q2 2024 349$1.9BVST, AM, MPC, WFC, ARES
Q1 2024 357$1.9BGE, AES, PI, NEE, VST