Clear Street Derivatives LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Clear Street Derivatives LLC reported 30 stock positions worth $5.8 billion. Its top holding was Nvidia (NVDA) at 48.0% of the portfolio, followed by Strategy (MSTR, 26.2%) and Tesla (TSLA, 7.1%). Compared with Q4 2024, it opened 8 new positions, sold out of 5, added to 9 and reduced 12. The biggest buy was Strategy (MSTR, shares +30%) and the biggest sale Nvidia (NVDA, shares −28%).
- Most Recent 13F
- Q2 2025
- Location
- NEW YORK, NY
- CIK
- 0001983408
- Portfolio Value
- $5.8B (Q1 2025)
- SEC Filing
- 0001708828-25-000024 ↗ filed May 15, 2025
Holdings Value
Holdings 30 stocks · $5.8B
| NVDA Nvidia Corp. | 47.97% | 25,689,318 | $2.8B | Reduce -27.9% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 26.24% | 5,283,815 | $1.5B | Add +29.8% |
| TSLA Tesla Inc. | 7.07% | 1,583,000 | $410.3M | Add +414.0% |
| COIN Coinbase Global Inc. Class A | 6.83% | 2,301,296 | $396.4M | Reduce -10.4% |
| PLTR Palantir Technologies Inc. Class A | 4.08% | 2,805,500 | $236.8M | Reduce -2.2% |
| BABA Alibaba Group Holding-SP ADR | 2.00% | 878,153 | $116.1M | Add +59.5% |
| AMD Advanced Micro Devices | 1.50% | 848,012 | $87.1M | Reduce -40.0% |
| META Meta Platforms Inc. Class A | 1.45% | 146,378 | $84.4M | Add +14.7% |
| HOOD Robinhood Markets Inc. Class A | 0.78% | 1,094,573 | $45.6M | New |
| SMCI Super Micro Computer Inc. | 0.77% | 1,297,080 | $44.4M | Add +476.5% |
| AVGO Broadcom Inc. | 0.31% | 107,900 | $18.1M | No change |
| GOOG Alphabet Inc. Class C | 0.17% | 63,430 | $9.9M | Add +42.2% |
| MNR Mach Natural Resources LP | 0.14% | 527,955 | $8.2M | Reduce -1.0% |
| TXO Txo Partners LP | 0.12% | 370,057 | $7.1M | Reduce -9.2% |
| MSFT Microsoft Corp. | 0.11% | 17,666 | $6.6M | Add +128.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.09% | 7,595 | $5.0M | New |
| ETHA iShares Ethereum Trust ETF | 0.09% | 362,977 | $5.0M | Reduce -55.0% |
| NFLX Netflix Inc. | 0.07% | 4,516 | $4.2M | Add +39.1% |
| ARM Arm Holdings PLC-ADR | 0.05% | 29,257 | $3.1M | New |
| AAPL Apple Inc. | 0.04% | 9,663 | $2.1M | Reduce -23.4% |
| GLD SPDR Gold Shares | 0.03% | 6,426 | $1.9M | New |
| URA Global X Uranium ETF | 0.02% | 56,800 | $1.3M | Add +63.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.02% | 1,620 | $906K | Reduce -93.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.01% | 5,006 | $831K | New |
| SLV iShares Silver Trust | 0.01% | 18,182 | $563K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.01% | 1,012 | $475K | Reduce -98.8% |
| PANW Palo Alto Networks Inc. | 0.01% | 2,766 | $472K | New |
| ADBE Adobe Inc. | 0.01% | 984 | $377K | New |
| COOT Australian Oilseeds Holdings | 0.00% | 43,905 | $56K | Reduce -1.1% |
| TRUGOLF HLDGS INC | 0.00% | 29,870 | $11K | Reduce -1.6% |
Options reported separately and not counted above: TSLA puts ($410.3M), MSTR puts ($36.0M).
Other holdings (36): bonds, preferreds, convertibles and warrants · $901K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 616,000 | $142K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 999,669 | $133K | No change |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 537,998 | $102K | New |
| YOTAR Yotta Acquisition Corp. - RTS | RIGHT 03/15/2027 | 493,304 | $79K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 362,014 | $72K | No change |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | 627,000 | $62K | No change |
| GCLWW GCL Global Holdings-A -CW26 | *W EXP 02/13/203 | 780,500 | $39K | New |
| RMSGW Real Messenger Corp.-28 | *W EXP 11/19/202 | 712,307 | $39K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 586,117 | $31K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 369,569 | $30K | No change |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 105,049 | $27K | Reduce -52.2% |
| ABLVW Able View Global Inc.-28 | *W EXP 08/18/202 | 825,300 | $22K | No change |
| LDTDF Prospector Leddartech Alm-28 | *W EXP 12/21/202 | 286,746 | $17K | No change |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | 98,090 | $15K | No change |
| MSSRF Metal SKY Star Acquisi-Right | RIGHT 12/31/2025 | 128,904 | $10K | No change |
| VSEEW Digital Health Acquist-CW23 | *W EXP 99/99/999 | 150,000 | $9K | No change |
| GRMLW Anew Medical Inc. | *W EXP 06/21/202 | 375,900 | $8K | No change |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 106,000 | $7K | New |
| NUAIW New Era Helium Inc. -29 | *W EXP 12/06/202 | 50,000 | $7K | No change |
| ONMDW Data Knights Acq Class A -CW28 | *W EXP 11/07/202 | 240,717 | $6K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 206,275 | $6K | No change |
| DHAIW Aurora Technology Acquis -28 | *W EXP 04/20/202 | 401,600 | $5K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 129,872 | $4K | No change |
| APLMW Apollomics Inc.-27 | *W EXP 04/01/202 | 497,350 | $4K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 70,000 | $4K | No change |
| CEROW Phoenix Biotech Acq -CW26 | *W EXP 02/13/202 | 268,129 | $4K | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 37,267 | $3K | No change |
| OCEAW Aesther Healthcare Acq -CW23 | *W EXP 02/14/202 | 100,290 | $3K | No change |
| VSTWF Vast Solar PTY Ltd. -28 | *W EXP 07/01/202 | 57,900 | $2K | No change |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 109,356 | $2K | No change |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 | 53,900 | $2K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 25,000 | $2K | No change |
| ZCARW Zoomcar Holdings Inc. | *W EXP 05/31/202 | 33,000 | $455 | No change |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 18,353 | $431 | No change |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 21,500 | $325 | No change |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 500 | $23 | No change |
Total filed on the 13F, all lines: $5.8B.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -27.9% | 47.97% | −15.99 |
| COIN Coinbase Global Inc. Class A | Reduce -10.4% | 6.83% | −1.69 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.92 |
| AMD Advanced Micro Devices | Reduce -40.0% | 1.50% | −0.78 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -98.8% | 0.01% | −0.58 |
| MSOS Advisorshares Pure US Cann | Sold out | 0.00% | −0.20 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -93.9% | 0.02% | −0.19 |
| ETHA iShares Ethereum Trust ETF | Reduce -55.0% | 0.09% | −0.19 |
| ARKK ARK Innovation ETF | Sold out | 0.00% | −0.13 |
| SOXX iShares Semiconductor ETF | Sold out | 0.00% | −0.07 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.02 |
| AAPL Apple Inc. | Reduce -23.4% | 0.04% | −0.01 |
| TRUGOLF HLDGS INC | Reduce -1.6% | 0.00% | −0.00 |
| COOT Australian Oilseeds Holdings | Reduce -1.1% | 0.00% | +0.00 |
| MNR Mach Natural Resources LP | Reduce -1.0% | 0.14% | +0.02 |
| TXO Txo Partners LP | Reduce -9.2% | 0.12% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -2.2% | 4.08% | +1.18 |
Portfolio Buys Q4 2024 → Q1 2025
| MSTR Strategy Inc. | Add +29.8% | 26.24% | +10.48 |
| TSLA Tesla Inc. | Add +414.0% | 7.07% | +5.40 |
| BABA Alibaba Group Holding-SP ADR | Add +59.5% | 2.00% | +1.38 |
| HOOD Robinhood Markets Inc. Class A | New | 0.78% | +0.78 |
| SMCI Super Micro Computer Inc. | Add +476.5% | 0.77% | +0.67 |
| META Meta Platforms Inc. Class A | Add +14.7% | 1.45% | +0.45 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.09% | +0.09 |
| MSFT Microsoft Corp. | Add +128.1% | 0.11% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +42.2% | 0.17% | +0.06 |
| ARM Arm Holdings PLC-ADR | New | 0.05% | +0.05 |
| NFLX Netflix Inc. | Add +39.1% | 0.07% | +0.03 |
| GLD SPDR Gold Shares | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.01% | +0.01 |
| URA Global X Uranium ETF | Add +63.2% | 0.02% | +0.01 |
| SLV iShares Silver Trust | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | New | 0.01% | +0.01 |
| ADBE Adobe Inc. | New | 0.01% | +0.01 |
Options Activity Q4 2024 → Q1 2025
| TSLA Tesla Inc. | put | Add +414.0% | 1,583,000 | $410.3M |
| IBIT iShares Bitcoin Trust ETF | put | Sold out | 1,000,000 | $53.0Mbefore exit |
| MSTR Strategy Inc. | put | Reduce -39.0% | 125,000 | $36.0M |
| COIN Coinbase Global Inc. Class A | put | Sold out | 75,000 | $18.6Mbefore exit |
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
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | Sold out | 261,730 | $537Kbefore exit |
| RFACR RF Acquisition Corp.- Rights | RIGHT 05/01/2028 | Sold out | 1,080,000 | $169Kbefore exit |
| AQUNR Aquaron Acquisition Corp.-RTS | RIGHT 07/15/2026 | Sold out | 736,155 | $125Kbefore exit |
| CSLRF Consilium Acquisition -Right | RIGHT 99/99/9999 | Sold out | 813,400 | $122Kbefore exit |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | New | 537,998 | $102K |
| BNIXR Bannix Acquisition Corp.-RTS | RIGHT 07/31/2026 | Sold out | 720,197 | $69Kbefore exit |
| GDSTR Goldenstone Acquisitio-Right | RIGHT 07/15/2026 | Sold out | 380,000 | $61Kbefore exit |
| WTMAR Welsbach Tech Metals Acq -RT | RIGHT 12/22/2026 | Sold out | 430,033 | $43Kbefore exit |
| GCLWW GCL Global Holdings-A -CW26 | *W EXP 02/13/203 | New | 780,500 | $39K |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | Reduce -52.2% | 105,049 | $27K |
| FTIIW Futuretech II Acq -CW27 | *W EXP 08/18/202 | Sold out | 1,729,629 | $27Kbefore exit |
| BRACR Broad Capital Acquis-Right | RIGHT 01/10/2027 | Sold out | 181,220 | $26Kbefore exit |
| RFACW RF Acquisition Corp.-CW27 | *W EXP 05/01/202 | Sold out | 780,500 | $25Kbefore exit |
| WINVR Winvest Acquisition Corp.-RTS | RIGHT 99/99/9999 | Sold out | 236,000 | $21Kbefore exit |
| TETWF Technology & Telecommuni -27 | *W EXP 04/15/202 | Sold out | 762,600 | $13Kbefore exit |
| EGUVF Evergreen Corporation -CW27 | *W EXP 02/08/202 | Sold out | 350,245 | $10Kbefore exit |
| VMCWF Valuence Merger Corp. -CW27 | *W EXP 99/99/999 | Sold out | 261,599 | $9Kbefore exit |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | New | 106,000 | $7K |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 05/23/202 | Sold out | 106,000 | $5Kbefore exit |
| AILWQ Arrowroot Acquisition -CW26 | *W EXP 04/16/202 | Sold out | 53,443 | $1Kbefore 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 2025 | 4 | $11.5M | MNR, TXO, COOT, TRUG |
| Q1 2025 | 30 | $5.8B | NVDA, MSTR, TSLA, COIN, PLTR |
| Q4 2024Amended | 27 | $7.5B | NVDA, MSTR, COIN, PLTR, AMD |
| Q3 2024Amended | 27 | $5.8B | NVDA, COIN, TSLA, MSTR, AMD |
| Q2 2024Amended | 27 | $6.5B | NVDA, TSLA, COIN, MSOS, META |
| Q1 2024Amended | 27 | $4.0B | NVDA, TSLA, COIN, MSOS, NVDL |