Credit Industriel Et Commercial
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Credit Industriel Et Commercial reported 198 stock positions worth $436.1 million. Its top holding was Alphabet Class C (GOOG) at 4.2% of the portfolio, followed by Fox Class B (FOX, 3.9%) and Ryanair Holdings PLC-SP ADR (RYAAY, 3.2%). Compared with Q3 2025, it opened 61 new positions, sold out of 64, added to 63 and reduced 54. The biggest buy was a new position in Avidity Biosciences (RNAM) and the biggest sale Alphabet Class C (GOOG, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS FRANCE, I0
- CIK
- 0001274419
- Portfolio Value
- $436.1M (Q4 2025)
- SEC Filing
- 0001274419-26-000003 ↗ filed Feb 3, 2026
Holdings Value
Holdings 198 stocks · $436.1M
| GOOG Alphabet Inc. Class C | 4.18% | 58,109 | $18.2M | Reduce -69.1% |
| FOX Fox Corp. Class B | 3.87% | 259,643 | $16.9M | Reduce -6.1% |
| RYAAY Ryanair Holdings PLC-SP ADR | 3.24% | 195,439 | $14.1M | Add +56.9% |
| AMZN Amazon.com Inc. | 2.83% | 53,514 | $12.4M | Reduce -44.6% |
| RNAM Avidity Biosciences Inc. | 2.78% | 168,000 | $12.1M | New |
| AVDL Avadel Pharmaceuticals Ltd. | 2.58% | 522,034 | $11.2M | New |
| BEP Brookfield Renewable Partner | 2.57% | 416,093 | $11.2M | No change |
| HOLX Hologic Inc. | 2.52% | 147,250 | $11.0M | New |
| DAY Dayforce Inc. | 2.47% | 156,004 | $10.8M | Add +116.7% |
| XLE SS Energy Select Sector | 2.41% | 235,330 | $10.5M | Add +19.7% |
| BHF Brighthouse Financial Inc. | 2.31% | 155,196 | $10.1M | New |
| FYBR Frontier Communications Pare | 2.21% | 252,926 | $9.6M | Add +37.0% |
| PRA Proassurance Corp. | 1.92% | 346,854 | $8.4M | Add +37.5% |
| TXNM TXNM Energy Inc. | 1.69% | 125,274 | $7.4M | Add +19.3% |
| CFLT Confluent Inc. Class A | 1.67% | 241,000 | $7.3M | Add +24000.0% |
| BBU Brookfield Business PT-Unit | 1.57% | 194,668 | $6.9M | Add +29.4% |
| CYBR Cyberark Software Ltd./Israel | 1.57% | 15,361 | $6.9M | Add +24.3% |
| SMH Vaneck Semiconductor ETF | 1.51% | 18,268 | $6.6M | Add +305.7% |
| BIP Brookfield Infrastructure Pa | 1.49% | 187,313 | $6.5M | Add +7.1% |
| HOUS Anywhere Real Estate Inc. | 1.46% | 450,000 | $6.4M | New |
| LBTYK Liberty Global Ltd. Class C | 1.46% | 574,930 | $6.3M | Add +5.9% |
| WBD Warner Bros Discovery Inc. | 1.39% | 210,000 | $6.1M | Add +200.0% |
| CSGS CSG Systems Intl Inc. | 1.33% | 75,467 | $5.8M | New |
| TGNA Tegna Inc. | 1.32% | 297,279 | $5.8M | New |
| QRVO Qorvo Inc. | 1.20% | 61,800 | $5.2M | New |
| CDTX Cidara Therapeutics Inc. | 1.14% | 22,500 | $5.0M | New |
| ALC Alcon Inc. filed as ALCON AG | 1.14% | 62,018 | $5.0M | Reduce -32.6% |
| XOP SS SPDR S&P Og Exp & Prod | 1.11% | 38,468 | $4.9M | Add +87.6% |
| HEI.A Heico Corp. Class A | 0.96% | 16,666 | $4.2M | No change |
| XLK SS Technology Select Sector | 0.90% | 27,120 | $3.9M | Add +10.7% |
| AAPL Apple Inc. | 0.88% | 14,049 | $3.8M | Add +44.1% |
| CUK Carnival PLC-ADR | 0.86% | 123,955 | $3.8M | Reduce -72.8% |
| ELME Elme Communities | 0.81% | 202,516 | $3.5M | Add +102.5% |
| GES Guess? Inc. | 0.80% | 208,688 | $3.5M | Add +76.4% |
| FOLD Amicus Therapeutics Inc. | 0.78% | 240,000 | $3.4M | New |
| GRFS Grifols SA-ADR | 0.78% | 361,455 | $3.4M | No change |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.76% | 253,079 | $3.3M | New |
| KRE SS SPDR S&P Regional Bank | 0.75% | 50,396 | $3.3M | Add +159.9% |
| ROIV Roivant Sciences Ltd. | 0.75% | 150,000 | $3.3M | Reduce -3.2% |
| LBRDA Liberty Broadband-A | 0.73% | 66,372 | $3.2M | No change |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.71% | 66,334 | $3.1M | Reduce -19.8% |
| FFWM First Foundation Inc. | 0.68% | 480,040 | $3.0M | New |
| NOW ServiceNow Inc. | 0.65% | 18,428 | $2.8M | Add +44.0% |
| SWK Stanley Black & Decker Inc. | 0.64% | 37,537 | $2.8M | Add +27.4% |
| PLYM Plymouth Industrial REIT Inc. | 0.60% | 120,400 | $2.6M | Add +30000.0% |
| SYK Stryker Corp. | 0.58% | 7,242 | $2.5M | Add +89.8% |
| NWSA News Corp. Class A | 0.58% | 97,143 | $2.5M | Reduce -33.5% |
| EA Electronic Arts Inc. | 0.56% | 11,900 | $2.4M | New |
| ADP Automatic Data Processing | 0.55% | 9,404 | $2.4M | Add +66.9% |
| BMRN Biomarin Pharmaceutical Inc. | 0.55% | 40,013 | $2.4M | No change |
| NVRI Enviri Corp. | 0.53% | 130,000 | $2.3M | New |
| XBI SS SPDR S&P Biotech ETF | 0.53% | 18,977 | $2.3M | Reduce -20.6% |
| ABT Abbott Laboratories | 0.53% | 18,359 | $2.3M | Add +66.9% |
| IWM iShares Russell 2000 ETF | 0.51% | 9,060 | $2.2M | Reduce -36.1% |
| GTLS Chart Industries Inc. | 0.50% | 10,625 | $2.2M | Add +32.8% |
| SWKH SWK Holdings Corp. filed as SWK HLDGS CORP | 0.49% | 125,000 | $2.1M | New |
| KVUE Kenvue Inc. | 0.48% | 122,500 | $2.1M | New |
| KWEB Kranesh Csi China Internet | 0.48% | 60,862 | $2.1M | Add +985.5% |
| ALL Allstate Corp. | 0.47% | 9,788 | $2.0M | Add +85.9% |
| PPG PPG Industries Inc. | 0.46% | 19,482 | $2.0M | Add +31.6% |
| AMWD American Woodmark Corp. | 0.46% | 37,026 | $2.0M | Reduce -7.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.45% | 19,025 | $1.9M | Add +45.8% |
| CIO City Office REIT Inc. | 0.44% | 275,144 | $1.9M | Add +103.6% |
| TT Trane Technologies PLC | 0.43% | 4,803 | $1.9M | Add +261.1% |
| NGD New Gold Inc. | 0.42% | 212,500 | $1.9M | New |
| SHCO Soho House & Co. Inc. | 0.42% | 205,983 | $1.8M | Add +49.3% |
| SRG Seritage Growth Prop- A | 0.42% | 561,648 | $1.8M | No change |
| DENN Denny's Corp. | 0.41% | 288,285 | $1.8M | New |
| LION Lionsgate Studios Corp. | 0.40% | 192,895 | $1.8M | Reduce -42.0% |
| AHL Aspen Insurance Holdings Class A | 0.40% | 46,936 | $1.7M | Add +20.6% |
| DE Deere & Co. | 0.39% | 3,693 | $1.7M | Reduce -11.6% |
| XLF SS Financial Select Sector | 0.38% | 30,219 | $1.7M | New |
| XLRE SS Real Estate Select Sector | 0.38% | 40,938 | $1.7M | New |
| LI Li Auto Inc. - ADR | 0.37% | 96,335 | $1.6M | Add +2316.8% |
| MET Metlife Inc. | 0.37% | 20,273 | $1.6M | Add +91.8% |
| IJH iShares Core S&P Midcap ETF | 0.36% | 23,677 | $1.6M | New |
| DHIL Diamond Hill Investment Grp | 0.34% | 8,800 | $1.5M | New |
| MELI MercadoLibre Inc. | 0.34% | 738 | $1.5M | Add +169.3% |
| FXI iShares China Large-Cap ETF | 0.34% | 38,537 | $1.5M | Add +683.4% |
| STLA Stellantis NV | 0.34% | 131,812 | $1.5M | Reduce -18.1% |
| LNSR Lensar Inc. | 0.33% | 124,483 | $1.4M | Add +0.8% |
| GIFI Gulf Island Fabrication Inc. | 0.33% | 119,999 | $1.4M | New |
| SEMR Semrush Holdings Inc. Class A | 0.33% | 120,000 | $1.4M | New |
| EB Eventbrite Inc. Class A | 0.33% | 320,000 | $1.4M | New |
| ORCL Oracle Corp. | 0.32% | 7,181 | $1.4M | New |
| XLB SS Materials Select Sector | 0.32% | 30,777 | $1.4M | Add +492.1% |
| HD Home Depot Inc. | 0.32% | 4,056 | $1.4M | Add +166.8% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.32% | 21,500 | $1.4M | Add +7.5% |
| ADI Analog Devices Inc. | 0.32% | 5,067 | $1.4M | Add +369.6% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.31% | 17,751 | $1.4M | Add +255.6% |
| ATXS Astria Therapeutics Inc. | 0.30% | 100,000 | $1.3M | New |
| RACE Ferrari NV | 0.30% | 3,456 | $1.3M | New |
| GDOT Green Dot Corp. Class A | 0.29% | 100,000 | $1.3M | New |
| GDEN Golden Entertainment Inc. | 0.29% | 46,280 | $1.3M | New |
| BIRK Birkenstock Holding PLC | 0.28% | 30,384 | $1.2M | Add +23.1% |
| PDD PDD Holdings Inc. | 0.28% | 10,849 | $1.2M | Add +181.7% |
| SIRI Sirius XM Holdings Inc. | 0.28% | 60,385 | $1.2M | No change |
| LOGI Logitech International-Reg | 0.28% | 11,659 | $1.2M | Add +14.9% |
| MRSN Mersana Therapeutics Inc. | 0.27% | 41,392 | $1.2M | New |
| CMCSA Comcast Corp. Class A | 0.27% | 42,192 | $1.2M | Add +63.8% |
Options reported separately and not counted above: XLE puts ($59.9M), SMH puts ($51.8M), IWM puts ($27.1M), QQQ puts ($24.6M), XBI puts ($23.1M), SOXX puts ($22.0M), AAPL puts ($20.6M), XLK puts ($20.0M), XOP puts ($18.6M), KRE puts ($16.5M), XLY puts ($16.5M), XLB puts ($12.7M), and 121 more.
Other holdings (25): bonds, preferreds, convertibles and warrants · $249.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 550,000 | $36.8M | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 625,000 | $32.0M | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 480,000 | $25.0M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 23,000,000 | $22.7M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 475,000 | $19.3M | Add +72.7% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 275,000 | $14.1M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 225,000 | $13.4M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 12,500,000 | $11.4M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 125,000 | $10.3M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 8,500,000 | $8.1M | Add +112.5% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 6,500,000 | $6.3M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 6,627,000 | $6.3M | No change |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 7,000,000 | $6.2M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 5,000,000 | $5.0M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 5,000,000 | $4.9M | New |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 5,000,000 | $4.7M | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 2,500,000 | $3.9M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 4,000,000 | $3.6M | No change |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 3,000,000 | $3.2M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 2,000,000 | $2.5M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 2,500,000 | $2.4M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 1,750,000 | $2.3M | New |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 2,500,000 | $2.2M | New |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 2,245,000 | $2.2M | Add +274.2% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 11,820 | $52K | No change |
Total filed on the 13F, all lines: $685.2M.
Portfolio Sells Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Reduce -69.1% | 4.18% | −6.17 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −3.31 |
| DB Deutsche Bank AG-Registered | Reduce -99.6% | 0.01% | −2.79 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −2.52 |
| ETNB 89BIO Inc. | Sold out | 0.00% | −1.99 |
| AMZN Amazon.com Inc. | Reduce -44.6% | 2.83% | −1.96 |
| ALE Allete Inc. | Sold out | 0.00% | −1.93 |
| MRUS Merus NV | Sold out | 0.00% | −1.91 |
| CUK Carnival PLC-ADR | Reduce -72.8% | 0.86% | −1.85 |
| SPNS Sapiens International Corp. | Sold out | 0.00% | −1.72 |
| UAA Under Armour Inc. Class A | Sold out | 0.00% | −1.71 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −1.56 |
| FWONA Liberty Media Corp. Class A | Sold out | 0.00% | −1.00 |
| K Kellanova | Sold out | 0.00% | −0.76 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.74 |
| STAA Staar Surgical Co. | Sold out | 0.00% | −0.74 |
| PRO Pros Holdings Inc. | Sold out | 0.00% | −0.70 |
| GHLD Guild Holdings Co. Class A | Sold out | 0.00% | −0.68 |
| VRNT Verint Systems Inc. | Sold out | 0.00% | −0.66 |
| PREMIER INC-CLASS A | Sold out | 0.00% | −0.56 |
| VMEO Vimeo Inc. | Sold out | 0.00% | −0.50 |
| PGRE Paramount Group Inc. | Sold out | 0.00% | −0.44 |
| NWSA News Corp. Class A | Reduce -33.5% | 0.58% | −0.43 |
| ALC Alcon Inc. | Reduce -32.6% | 1.14% | −0.41 |
| HONE Harborone Bancorp Inc. | Sold out | 0.00% | −0.41 |
| MAC COPPER LTD | Sold out | 0.00% | −0.37 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -19.8% | 0.71% | −0.36 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.35 |
| SRDX Surmodics Inc. | Sold out | 0.00% | −0.35 |
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −0.34 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.33 |
| UBS UBS Group AG-Reg | Reduce -70.4% | 0.17% | −0.33 |
| TRML Tourmaline Bio Inc. | Sold out | 0.00% | −0.32 |
| SGML Sigma Lithium Corp. | Sold out | 0.00% | −0.32 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.28 |
| TASK Taskus Inc. Class A | Reduce -70.2% | 0.07% | −0.28 |
| MLNK Meridianlink Inc. | Sold out | 0.00% | −0.26 |
| IWM iShares Russell 2000 ETF | Reduce -36.1% | 0.51% | −0.26 |
| CCRN Cross Country Healthcare Inc. | Sold out | 0.00% | −0.26 |
| ODP The Odp Corp. | Sold out | 0.00% | −0.25 |
| PBPB Potbelly Corp. | Sold out | 0.00% | −0.24 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.23 |
| AIG American International Group | Sold out | 0.00% | −0.23 |
| ALMS Alumis Inc. | Sold out | 0.00% | −0.22 |
| SCPH Scpharmaceuticals Inc. | Sold out | 0.00% | −0.20 |
| PHLT Performant Healthcare Inc. | Sold out | 0.00% | −0.19 |
| SCS Steelcase Inc. Class A | Sold out | 0.00% | −0.18 |
| WOW Wideopenwest Inc. | Sold out | 0.00% | −0.17 |
| STLD Steel Dynamics Inc. | Reduce -66.0% | 0.12% | −0.16 |
| SOXX iShares Semiconductor ETF | Reduce -98.8% | 0.00% | −0.16 |
Portfolio Buys Q3 2025 → Q4 2025
| RNAM Avidity Biosciences Inc. | New | 2.78% | +2.78 |
| AVDL Avadel Pharmaceuticals Ltd. | New | 2.58% | +2.58 |
| HOLX Hologic Inc. | New | 2.52% | +2.52 |
| BHF Brighthouse Financial Inc. | New | 2.31% | +2.31 |
| CFLT Confluent Inc. Class A | Add +24000.0% | 1.67% | +1.67 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +56.9% | 3.24% | +1.55 |
| HOUS Anywhere Real Estate Inc. | New | 1.46% | +1.46 |
| DAY Dayforce Inc. | Add +116.7% | 2.47% | +1.35 |
| CSGS CSG Systems Intl Inc. | New | 1.33% | +1.33 |
| TGNA Tegna Inc. | New | 1.32% | +1.32 |
| QRVO Qorvo Inc. | New | 1.20% | +1.20 |
| SMH Vaneck Semiconductor ETF | Add +305.7% | 1.51% | +1.18 |
| CDTX Cidara Therapeutics Inc. | New | 1.14% | +1.14 |
| WBD Warner Bros Discovery Inc. | Add +200.0% | 1.39% | +1.08 |
| FOLD Amicus Therapeutics Inc. | New | 0.78% | +0.78 |
| JAMF Jamf Holding Corp. | New | 0.76% | +0.76 |
| FFWM First Foundation Inc. | New | 0.68% | +0.68 |
| FYBR Frontier Communications Pare | Add +37.0% | 2.21% | +0.65 |
| PLYM Plymouth Industrial REIT Inc. | Add +30000.0% | 0.60% | +0.60 |
| EA Electronic Arts Inc. | New | 0.56% | +0.56 |
| PRA Proassurance Corp. | Add +37.5% | 1.92% | +0.56 |
| NVRI Enviri Corp. | New | 0.53% | +0.53 |
| XOP SS SPDR S&P Og Exp & Prod | Add +87.6% | 1.11% | +0.50 |
| SWKH SWK Holdings Corp. | New | 0.49% | +0.49 |
| KVUE Kenvue Inc. | New | 0.48% | +0.48 |
| KRE SS SPDR S&P Regional Bank | Add +159.9% | 0.75% | +0.47 |
| BBU Brookfield Business PT-Unit | Add +29.4% | 1.57% | +0.46 |
| XLE SS Energy Select Sector | Add +19.7% | 2.41% | +0.43 |
| ELME Elme Communities | Add +102.5% | 0.81% | +0.43 |
| NGD New Gold Inc. | New | 0.42% | +0.42 |
| KWEB Kranesh Csi China Internet | Add +985.5% | 0.48% | +0.42 |
| DENN Denny's Corp. | New | 0.41% | +0.41 |
| XLF SS Financial Select Sector | New | 0.38% | +0.38 |
| XLRE SS Real Estate Select Sector | New | 0.38% | +0.38 |
| IJH iShares Core S&P Midcap ETF | New | 0.36% | +0.36 |
| GES Guess? Inc. | Add +76.4% | 0.80% | +0.36 |
| LI Li Auto Inc. - ADR | Add +2316.8% | 0.37% | +0.35 |
| TXNM TXNM Energy Inc. | Add +19.3% | 1.69% | +0.35 |
| DHIL Diamond Hill Investment Grp | New | 0.34% | +0.34 |
| GIFI Gulf Island Fabrication Inc. | New | 0.33% | +0.33 |
| SEMR Semrush Holdings Inc. Class A | New | 0.33% | +0.33 |
| EB Eventbrite Inc. Class A | New | 0.33% | +0.33 |
| ORCL Oracle Corp. | New | 0.32% | +0.32 |
| AAPL Apple Inc. | Add +44.1% | 0.88% | +0.32 |
| TT Trane Technologies PLC | Add +261.1% | 0.43% | +0.30 |
| ATXS Astria Therapeutics Inc. | New | 0.30% | +0.30 |
| RACE Ferrari NV | New | 0.30% | +0.30 |
| GDOT Green Dot Corp. Class A | New | 0.29% | +0.29 |
| FXI iShares China Large-Cap ETF | Add +683.4% | 0.34% | +0.29 |
| GDEN Golden Entertainment Inc. | New | 0.29% | +0.29 |
Options Activity Q3 2025 → Q4 2025
| XLE SS Energy Select Sector | put | Add +28.3% | 1,339,200 | $59.9M |
| SMH Vaneck Semiconductor ETF | put | Add +68.5% | 143,900 | $51.8M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +33.3% | 40,000 | $24.6M |
| XBI SS SPDR S&P Biotech ETF | put | Add +35.8% | 189,600 | $23.1M |
| SOXX iShares Semiconductor ETF | put | Add +5.0% | 73,000 | $22.0M |
| AAPL Apple Inc. | put | Add +50.3% | 75,600 | $20.6M |
| XLK SS Technology Select Sector | put | Add +56.2% | 139,000 | $20.0M |
| XOP SS SPDR S&P Og Exp & Prod | put | Add +84.4% | 147,500 | $18.6M |
| KRE SS SPDR S&P Regional Bank | put | Add +179.4% | 255,100 | $16.5M |
| XLY SS Consumer Disc Select Sect | put | Add +27.7% | 138,400 | $16.5M |
| NVDA Nvidia Corp. | put | Sold out | 69,800 | $13.0Mbefore exit |
| XLB SS Materials Select Sector | put | Add +250.0% | 280,000 | $12.7M |
| CAT Caterpillar Inc. | put | Reduce -3.7% | 18,200 | $10.4M |
| MSFT Microsoft Corp. | put | Sold out | 20,000 | $10.4Mbefore exit |
| XLF SS Financial Select Sector | put | New | 172,000 | $9.4M |
| RACE Ferrari NV | put | Add +150.0% | 25,000 | $9.4M |
| FXI iShares China Large-Cap ETF | put | Reduce -62.0% | 240,000 | $9.2M |
| GOOG Alphabet Inc. Class C | put | Sold out | 36,000 | $8.8Mbefore exit |
| KWEB Kranesh Csi China Internet | put | Add +43.1% | 214,600 | $7.3M |
| IJH iShares Core S&P Midcap ETF | put | New | 100,000 | $6.6M |
| LOGI Logitech International-Reg | put | Reduce -5.5% | 60,300 | $6.2M |
| WFC Wells Fargo & Co. | put | Reduce -11.7% | 64,000 | $6.0M |
| KVUE Kenvue Inc. | call | Sold out | 300,000 | $4.9Mbefore exit |
| PZZA Papa John's Intl Inc. | call | Sold out | 100,000 | $4.8Mbefore exit |
| EFA iShares MSCI Eafe ETF | put | New | 50,000 | $4.8M |
| CB Chubb Ltd. | put | Add +212.8% | 14,700 | $4.6M |
| TT Trane Technologies PLC | put | Add +132.0% | 11,600 | $4.5M |
| GS Goldman Sachs Group Inc. | put | Add +308.3% | 4,900 | $4.3M |
| AMD Advanced Micro Devices | put | Reduce -63.6% | 20,000 | $4.3M |
| F Ford Motor Co. | put | Reduce -55.2% | 315,700 | $4.1M |
| MET Metlife Inc. | put | Add +71.7% | 51,500 | $4.1M |
| ABT Abbott Laboratories | put | Add +50.0% | 30,000 | $3.8M |
| ORCL Oracle Corp. | put | Add +619.2% | 18,700 | $3.6M |
| FCX Freeport-McMoran Inc. | put | Add +4914.3% | 70,200 | $3.6M |
| BAC Bank of America Corp. | put | Add +300.0% | 60,000 | $3.3M |
| NOW ServiceNow Inc. | put | Reduce -37.9% | 20,500 | $3.1M |
| PFE Pfizer Inc. | put | Add +11.1% | 125,000 | $3.1M |
| GM General Motors Co. | put | Reduce -57.9% | 36,400 | $3.0M |
| CSX CSX Corp. | put | Reduce -10.4% | 80,000 | $2.9M |
| BKNG Booking Holdings Inc. | put | Reduce -50.0% | 500 | $2.7M |
| CDNS Cadence Design SYS Inc. | put | Sold out | 7,500 | $2.6Mbefore exit |
| HAL Halliburton Co. | put | Sold out | 100,000 | $2.5Mbefore exit |
| MOS The Mosaic Co. | put | Reduce -9.1% | 100,000 | $2.4M |
| SNOW Snowflake Inc. | put | Sold out | 10,000 | $2.3Mbefore exit |
| META Meta Platforms Inc. Class A | put | Reduce -54.8% | 3,300 | $2.2M |
| LI Li Auto Inc. - ADR | put | Add +920.0% | 127,500 | $2.2M |
| TROW T Rowe Price Group Inc. | put | Add +6.1% | 21,000 | $2.1M |
| AZO AutoZone Inc. | put | Sold out | 500 | $2.1Mbefore exit |
| USB US Bancorp | put | New | 39,900 | $2.1M |
| ITB iShares U.S. Home Constructi | put | Add +9.5% | 21,900 | $2.1M |
Showing the first 50 of 78.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +72.7% | 475,000 | $19.3M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 12,500,000 | $11.4M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 125,000 | $10.3M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Add +112.5% | 8,500,000 | $8.1M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 7,000,000 | $6.2M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | New | 5,000,000 | $4.9M |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | New | 5,000,000 | $4.7M |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 3,000,000 | $3.2M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 1,750,000 | $2.3M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | New | 2,500,000 | $2.2M |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | Add +274.2% | 2,245,000 | $2.2M |
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 | 190 | $545.4M | JHG, PEN, RYAAY, WBD, GOOG |
| Q1 2026 | 202 | $567.8M | GOOG, CUK, ACLX, HOLX, FOX |
| Q4 2025 | 198 | $436.1M | GOOG, FOX, RYAAY, AMZN, RNAM |
| Q3 2025 | 201 | $442.9M | GOOG, AMZN, FOX, VRNA, DB |
| Q2 2025Amended | 215 | $465.2M | GOOG, AMZN, BPMC, MAG, COOP |
| Q1 2025 | 203 | $442.3M | GOOGL, ITCI, AMZN, DFS, PLYA |
| Q4 2024Amended | 165 | $280.4M | EWZ, GOOG, CUK, LBTYA, EDR |