Davidson Kempner Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Davidson Kempner Capital Management LP reported 118 stock positions worth $5.2 billion. Its top holding was Intra-Cellular Therapies (ITCI) at 8.9% of the portfolio, followed by Kellanova (K, 7.6%) and Hess (HES, 7.5%). Compared with Q4 2024, it opened 53 new positions, sold out of 46, added to 33 and reduced 17. The biggest buy was a new position in Intra-Cellular Therapies (ITCI) and the biggest sale an exit from Hashicorp Class A (HCP).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001595082
- Portfolio Value
- $5.2B (Q1 2025)
- SEC Filing
- 0001595082-25-000042 ↗ filed May 15, 2025
Holdings Value
Holdings 118 stocks · $5.2B
| ITCI Intra-Cellular Therapies Inc. | 8.89% | 3,485,058 | $459.7M | New |
| K Kellanova | 7.65% | 4,795,091 | $395.5M | Reduce -26.8% |
| HES Hess Corp. | 7.48% | 2,422,344 | $386.9M | Add +124.7% |
| IPG Interpublic Group of Cos Inc. | 7.08% | 13,487,230 | $366.3M | Add +1809.1% |
| FYBR Frontier Communications Pare | 6.75% | 9,736,319 | $349.1M | Add +237.8% |
| AZEK The Azek Co. Inc. | 5.13% | 5,432,843 | $265.6M | New |
| BECN Beacon Roofing Supply Inc. | 3.96% | 1,654,598 | $204.7M | New |
| ANSS Ansys Inc. | 3.83% | 625,511 | $198.0M | Add +394.7% |
| DFS Discover Financial Services | 3.58% | 1,084,171 | $185.1M | New |
| AMED Amedisys Inc. | 2.07% | 1,155,230 | $107.0M | Add +34.1% |
| ARKO Arko Corp. | 1.77% | 23,139,671 | $91.4M | No change |
| META Meta Platforms Inc. Class A | 1.65% | 147,959 | $85.3M | Reduce -14.4% |
| MSFT Microsoft Corp. | 1.60% | 220,467 | $82.8M | Add +51.1% |
| NVDA Nvidia Corp. | 1.47% | 703,538 | $76.2M | Add +95.8% |
| BKNG Booking Holdings Inc. | 1.29% | 14,491 | $66.8M | Add +122.9% |
| MU Micron Technology Inc. | 1.21% | 722,823 | $62.8M | New |
| SGI Somnigroup International Inc. | 1.21% | 1,047,690 | $62.7M | New |
| DRI Darden Restaurants Inc. | 1.16% | 290,000 | $60.3M | Add +286.7% |
| T AT&T Inc. | 1.09% | 2,000,000 | $56.6M | No change |
| AOMR Angel Oak Mortgage REIT Inc. | 0.95% | 5,181,869 | $49.4M | No change |
| KBR KBR Inc. | 0.92% | 953,587 | $47.5M | Add +183.2% |
| AMZN Amazon.com Inc. | 0.90% | 245,500 | $46.7M | Reduce -33.6% |
| JNPR Juniper Networks Inc. | 0.88% | 1,264,627 | $45.8M | Reduce -33.7% |
| BWXT BWX Technologies Inc. | 0.86% | 452,493 | $44.6M | Reduce -1.0% |
| VMC Vulcan Materials Co. | 0.86% | 190,000 | $44.3M | New |
| ALC Alcon Inc. filed as ALCON AG | 0.80% | 440,503 | $41.5M | New |
| WSC Willscot Holdings Corp. | 0.76% | 1,421,521 | $39.5M | Add +46.5% |
| CEG Constellation Energy | 0.76% | 194,931 | $39.3M | Add +54.2% |
| CHRW C.H. Robinson Worldwide Inc. | 0.74% | 375,000 | $38.4M | Add +8.7% |
| ETN Eaton Corp. PLC | 0.74% | 140,000 | $38.1M | New |
| CHWY Chewy Inc. Class A | 0.72% | 1,150,000 | $37.4M | Reduce -1.0% |
| SBUX Starbucks Corp. | 0.68% | 360,000 | $35.3M | Reduce -48.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.68% | 835,440 | $34.9M | Add +2.4% |
| DKNG Draftkings Inc. Class A | 0.60% | 931,374 | $30.9M | Add +27.4% |
| MNST Monster Beverage Corp. | 0.59% | 525,000 | $30.7M | Add +179.8% |
| ADBE Adobe Inc. | 0.56% | 75,000 | $28.8M | No change |
| UBER Uber Technologies Inc. | 0.56% | 394,655 | $28.8M | No change |
| FLS Flowserve Corp. | 0.55% | 585,000 | $28.6M | Add +387.5% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.54% | 632,858 | $28.0M | Add +4142.0% |
| MA Mastercard Inc. Class A | 0.53% | 50,000 | $27.4M | Reduce -43.2% |
| CRM Salesforce Inc. | 0.52% | 100,000 | $26.8M | Add +100.0% |
| DNB Dun & Bradstreet Holdings Inc. | 0.52% | 3,000,000 | $26.8M | New |
| NOC Northrop Grumman Corp. | 0.49% | 50,000 | $25.6M | Add +17.6% |
| AZO AutoZone Inc. | 0.48% | 6,500 | $24.8M | Add +18.2% |
| LITE Lumentum Holdings Inc. | 0.46% | 383,441 | $23.9M | Add +53.6% |
| LOW Lowe's Cos Inc. | 0.45% | 100,000 | $23.3M | New |
| RTX RTX Corp. | 0.45% | 175,000 | $23.2M | New |
| CPRI Capri Holdings Ltd. | 0.43% | 1,126,072 | $22.2M | New |
| AVGO Broadcom Inc. | 0.40% | 125,000 | $20.9M | New |
| ON On Semiconductor | 0.40% | 509,963 | $20.8M | Add +185.7% |
| TMUS T-Mobile US Inc. | 0.39% | 75,000 | $20.0M | No change |
| PLNT Planet Fitness Inc. Class A | 0.37% | 200,000 | $19.3M | New |
| SARO Standardaero Inc. | 0.37% | 717,300 | $19.1M | Add +78.2% |
| LRCX Lam Research Corp. | 0.35% | 250,000 | $18.2M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 100,000 | $16.6M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.32% | 25,000 | $16.6M | Reduce -73.7% |
| TPR Tapestry Inc. | 0.31% | 230,000 | $16.2M | No change |
| CART Maplebear Inc. | 0.31% | 400,000 | $16.0M | New |
| MCD McDonald's Corp. | 0.30% | 50,000 | $15.6M | Reduce -70.6% |
| TTWO Take-Two Interactive Softwre | 0.30% | 75,000 | $15.5M | Reduce -6.3% |
| USFD US Foods Holding Corp. | 0.27% | 210,000 | $13.7M | No change |
| X United States Steel Corp. | 0.26% | 322,935 | $13.6M | Add +183.3% |
| IP International Paper Co. | 0.26% | 250,000 | $13.3M | Reduce -20.6% |
| APP AppLovin Corp. Class A | 0.26% | 50,000 | $13.2M | New |
| ADSK Autodesk Inc. | 0.25% | 50,000 | $13.1M | New |
| VG Venture Global Inc. Class A | 0.25% | 1,256,356 | $12.9M | New |
| SNPS Synopsys Inc. | 0.25% | 30,000 | $12.9M | New |
| W Wayfair Inc. Class A | 0.25% | 395,872 | $12.7M | Add +58.4% |
| KEX Kirby Corp. | 0.24% | 125,000 | $12.6M | Add +13.6% |
| KO The Coca-Cola Co. | 0.24% | 175,000 | $12.5M | New |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.23% | 250,000 | $12.1M | New |
| VRT Vertiv Holdings Co. Class A | 0.23% | 165,000 | $11.9M | New |
| CYBR Cyberark Software Ltd./Israel | 0.23% | 35,000 | $11.8M | No change |
| OLLI Ollie's Bargain Outlet Holdi | 0.22% | 100,000 | $11.6M | Add +33.3% |
| DG Dollar General Corp. | 0.21% | 125,000 | $11.0M | New |
| SNOW Snowflake Inc. | 0.21% | 75,000 | $11.0M | No change |
| TEAM Atlassian Corp. Class A | 0.21% | 50,000 | $10.6M | No change |
| ALK Alaska Air Group Inc. | 0.20% | 215,000 | $10.6M | Reduce -54.7% |
| YUMC Yum China Holdings Inc. | 0.20% | 200,000 | $10.4M | New |
| LPLA LPL Financial Holdings Inc. | 0.19% | 31,000 | $9.9M | New |
| BRBR Bellring Brands Inc. | 0.18% | 125,000 | $9.3M | New |
| ATI Ati Inc. | 0.18% | 175,000 | $9.1M | New |
| QSR Restaurant Brands Intern | 0.16% | 127,755 | $8.5M | New |
| CYTK Cytokinetics Inc. | 0.16% | 206,844 | $8.3M | Add +15.5% |
| AMTM Amentum Holdings Inc. | 0.16% | 450,000 | $8.2M | New |
| VCSA Vacasa Inc. Class A | 0.16% | 1,517,381 | $8.2M | No change |
| SWX Southwest Gas Holdings Inc. | 0.15% | 105,648 | $7.6M | New |
| KRMN Karman Holdings Inc. | 0.15% | 225,000 | $7.5M | New |
| GTES Gates Industrial Corp. UK Ltd. | 0.14% | 400,000 | $7.4M | Add +14.3% |
| TKR Timken Co. | 0.14% | 100,000 | $7.2M | New |
| CRWV Coreweave Inc. Class A | 0.14% | 192,900 | $7.2M | New |
| CELH Celsius Holdings Inc. | 0.14% | 200,000 | $7.1M | New |
| SAIL Sailpoint Inc. | 0.13% | 361,000 | $6.8M | New |
| SWTX Springworks Therapeutics Inc. | 0.12% | 144,009 | $6.4M | New |
| NBIS Nebius Group NV | 0.12% | 296,467 | $6.3M | New |
| BHR Braemar Hotels & Resorts Inc. | 0.11% | 2,300,700 | $5.7M | No change |
| DASH DoorDash Inc. Class A | 0.11% | 29,857 | $5.5M | New |
| PRMB Primo Brands Corp. | 0.10% | 150,000 | $5.3M | New |
| INR Infinity Natural Resour Class A | 0.10% | 276,000 | $5.2M | New |
| TMDX Transmedics Group Inc. | 0.09% | 69,200 | $4.7M | New |
Options reported separately and not counted above: IWM puts ($99.7M), SPY puts ($44.5M), X calls ($21.1M).
Other holdings (84): bonds, preferreds, convertibles and warrants · $1.9B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 172,500,000 | $169.9M | Add +1.5% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 100,000,000 | $97.5M | Reduce -9.1% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 80,000,000 | $96.3M | Reduce -5.9% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 77,500,000 | $94.3M | Add +3.3% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 60,000,000 | $84.8M | Reduce -14.3% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 92,500,000 | $80.8M | Add +23.3% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 75,000,000 | $74.7M | Add +87.5% |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 73,800,000 | $73.4M | Add +1.1% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 57,000,000 | $67.0M | Reduce -12.3% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 50,000,000 | $57.6M | Reduce -9.1% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 45,000,000 | $54.2M | Reduce -5.3% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 52,500,000 | $48.7M | Reduce -4.5% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 40,000,000 | $48.0M | New |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 50,350,000 | $46.8M | Add +11.9% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 50,000,000 | $46.1M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 50,000,000 | $46.1M | Reduce -9.1% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 46,000,000 | $44.5M | Add +2.2% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 40,000,000 | $43.5M | Add +11.1% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 42,500,000 | $42.7M | Reduce -29.2% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 50,000,000 | $42.4M | Add +25.0% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 40,000,000 | $36.6M | Add +33.3% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 35,000,000 | $34.3M | Reduce -12.5% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 35,000,000 | $34.2M | Reduce -52.0% |
| ALARM COM HLDGS INC | NOTE 2.25% 6/1/29 · principal | 35,000,000 | $33.7M | Add +48.9% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 25,000,000 | $32.0M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 35,500,000 | $30.1M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 25,000,000 | $29.6M | Reduce -16.7% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 20,000,000 | $28.0M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 30,000,000 | $26.9M | Add +20.0% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 40,000,000 | $26.7M | Add +12.7% |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 25,000,000 | $25.9M | New |
| IQIYI INC | NOTE 4.625% 3/15/30 · principal | 25,000,000 | $25.9M | New |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 25,000,000 | $24.4M | New |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 64,500,000 | $22.4M | Add +35.7% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 103,000,000 | $22.1M | Add +24.9% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 30,000,000 | $22.0M | Reduce -25.0% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 20,000,000 | $19.1M | Reduce -4.8% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 20,000,000 | $17.5M | New |
| FASTLY INC | NOTE 7.75% 06/01/28 · principal | 17,500,000 | $17.3M | Add +50.6% |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 20,000,000 | $16.6M | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 22,500,000 | $15.5M | Add +125.0% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 15,000,000 | $13.8M | New |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 14,266,000 | $13.5M | No change |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 425,000 | $315K | New |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 143,750 | $250K | No change |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 375,000 | $212K | No change |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | 517,389 | $137K | No change |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 125,000 | $125K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 200,000 | $92K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 95,296 | $61K | No change |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | 328,700 | $58K | No change |
| TALKW Hudson Executive Inv -CW25 | *W EXP 06/21/202 | 616,450 | $56K | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 187,499 | $53K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 350,042 | $46K | No change |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | 237,500 | $38K | No change |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 533,333 | $31K | No change |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 266,666 | $27K | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 521,975 | $26K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 193,066 | $23K | No change |
| LNZAW Amci Acquisition II A -CW28 | *W EXP 01/01/202 | 374,999 | $22K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 250,000 | $19K | No change |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 100,000 | $17K | No change |
| VLNWF Valens Semiconductor -CW26 | *W EXP 09/30/202 | 350,000 | $16K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 266,666 | $15K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 250,000 | $13K | No change |
| OUSTZ Ouster Inc. -CW25 | *W EXP 03/11/202 | 150,000 | $12K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 200,000 | $11K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 195,399 | $10K | No change |
| VSTWF Vast Solar PTY Ltd. -28 | *W EXP 07/01/202 | 300,000 | $10K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 175,000 | $10K | No change |
| BETRW Better Home & Finance-CW26 | *W EXP 08/22/202 | 100,000 | $10K | No change |
| STLNW Oncology Institute Inc. CW-22 | *W EXP 99/99/999 | 318,710 | $9K | No change |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 250,000 | $6K | No change |
| CELULARITY INC | *W EXP 07/16/202 | 150,800 | $6K | No change |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 | 83,332 | $6K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 100,000 | $6K | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 150,000 | $6K | No change |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | 466,666 | $4K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 125,000 | $3K | No change |
| LTRYW Sports Entertainment-CW21 | *W EXP 10/15/202 | 100,000 | $3K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 97,826 | $3K | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 250,000 | $2K | No change |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 142,406 | $983 | No change |
| ZCARW Zoomcar Holdings Inc. | *W EXP 05/31/202 | 50,000 | $690 | No change |
Total filed on the 13F, all lines: $7.1B.
Portfolio Sells Q4 2024 → Q1 2025
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −6.99 |
| K Kellanova | Reduce -26.8% | 7.65% | −6.52 |
| PLYA Playa Hotels & Resorts NV | Sold out | 0.00% | −4.02 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −3.81 |
| WDC Western Digital Corp. | Sold out | 0.00% | −2.31 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −1.61 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −1.57 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -73.7% | 0.32% | −1.44 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −1.31 |
| HD Home Depot Inc. | Sold out | 0.00% | −1.27 |
| AMZN Amazon.com Inc. | Reduce -33.6% | 0.90% | −1.27 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −1.14 |
| META Meta Platforms Inc. Class A | Reduce -14.4% | 1.65% | −1.06 |
| JNPR Juniper Networks Inc. | Reduce -33.7% | 0.88% | −1.02 |
| MCD McDonald's Corp. | Reduce -70.6% | 0.30% | −1.02 |
| SBUX Starbucks Corp. | Reduce -48.2% | 0.68% | −1.01 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −1.00 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.95 |
| MA Mastercard Inc. Class A | Reduce -43.2% | 0.53% | −0.71 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.71 |
| OC Owens Corning | Sold out | 0.00% | −0.64 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.62 |
| ALK Alaska Air Group Inc. | Reduce -54.7% | 0.20% | −0.62 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.56 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.51 |
| BWXT BWX Technologies Inc. | Reduce -1.0% | 0.86% | −0.50 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.38 |
| MMM 3M Co. | Sold out | 0.00% | −0.34 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.32 |
| CHWY Chewy Inc. Class A | Reduce -1.0% | 0.72% | −0.32 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.31 |
| BURL Burlington Stores Inc. | Sold out | 0.00% | −0.30 |
| AS Amer Sports Inc. | Sold out | 0.00% | −0.30 |
| CCC CCC Intelligent Solutions Ho | Sold out | 0.00% | −0.28 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.27 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −0.25 |
| GXO Gxo Logistics Inc. | Sold out | 0.00% | −0.23 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.21 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.21 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.20 |
| IP International Paper Co. | Reduce -20.6% | 0.26% | −0.20 |
| COMP Compass Inc. Class A | Sold out | 0.00% | −0.19 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.15 |
| HPE Hewlett Packard Enterprise | Reduce -32.8% | 0.08% | −0.15 |
| URBN Urban Outfitters Inc. | Sold out | 0.00% | −0.15 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −0.15 |
| ACMR Acm Research Inc. Class A | Reduce -89.2% | 0.02% | −0.14 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.13 |
| PENG Penguin Solutions Inc. | Reduce -62.8% | 0.04% | −0.12 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.12 |
Portfolio Buys Q4 2024 → Q1 2025
| ITCI Intra-Cellular Therapies Inc. | New | 8.89% | +8.89 |
| IPG Interpublic Group of Cos Inc. | Add +1809.1% | 7.08% | +6.55 |
| AZEK The Azek Co. Inc. | New | 5.13% | +5.13 |
| FYBR Frontier Communications Pare | Add +237.8% | 6.75% | +4.08 |
| BECN Beacon Roofing Supply Inc. | New | 3.96% | +3.96 |
| HES Hess Corp. | Add +124.7% | 7.48% | +3.65 |
| DFS Discover Financial Services | New | 3.58% | +3.58 |
| ANSS Ansys Inc. | Add +394.7% | 3.83% | +2.69 |
| MU Micron Technology Inc. | New | 1.21% | +1.21 |
| SGI Somnigroup International Inc. | New | 1.21% | +1.21 |
| VMC Vulcan Materials Co. | New | 0.86% | +0.86 |
| ALC Alcon Inc. | New | 0.80% | +0.80 |
| DRI Darden Restaurants Inc. | Add +286.7% | 1.16% | +0.79 |
| ETN Eaton Corp. PLC | New | 0.74% | +0.74 |
| DNB Dun & Bradstreet Holdings Inc. | New | 0.52% | +0.52 |
| P Everpure Inc. Class A | Add +4142.0% | 0.54% | +0.52 |
| LOW Lowe's Cos Inc. | New | 0.45% | +0.45 |
| RTX RTX Corp. | New | 0.45% | +0.45 |
| CPRI Capri Holdings Ltd. | New | 0.43% | +0.43 |
| BKNG Booking Holdings Inc. | Add +122.9% | 1.29% | +0.43 |
| AVGO Broadcom Inc. | New | 0.40% | +0.40 |
| KBR KBR Inc. | Add +183.2% | 0.92% | +0.40 |
| PLNT Planet Fitness Inc. Class A | New | 0.37% | +0.37 |
| FLS Flowserve Corp. | Add +387.5% | 0.55% | +0.37 |
| LRCX Lam Research Corp. | New | 0.35% | +0.35 |
| MNST Monster Beverage Corp. | Add +179.8% | 0.59% | +0.33 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.32% | +0.32 |
| CART Maplebear Inc. | New | 0.31% | +0.31 |
| APP AppLovin Corp. Class A | New | 0.26% | +0.26 |
| ADSK Autodesk Inc. | New | 0.25% | +0.25 |
| VG Venture Global Inc. Class A | New | 0.25% | +0.25 |
| SNPS Synopsys Inc. | New | 0.25% | +0.25 |
| KO The Coca-Cola Co. | New | 0.24% | +0.24 |
| AL Sumisho Air Lease Corp. | New | 0.23% | +0.23 |
| VRT Vertiv Holdings Co. Class A | New | 0.23% | +0.23 |
| DG Dollar General Corp. | New | 0.21% | +0.21 |
| YUMC Yum China Holdings Inc. | New | 0.20% | +0.20 |
| LPLA LPL Financial Holdings Inc. | New | 0.19% | +0.19 |
| NVDA Nvidia Corp. | Add +95.8% | 1.47% | +0.18 |
| BRBR Bellring Brands Inc. | New | 0.18% | +0.18 |
| ATI Ati Inc. | New | 0.18% | +0.18 |
| QSR Restaurant Brands Intern | New | 0.16% | +0.16 |
| X United States Steel Corp. | Add +183.3% | 0.26% | +0.16 |
| AMTM Amentum Holdings Inc. | New | 0.16% | +0.16 |
| SWX Southwest Gas Holdings Inc. | New | 0.15% | +0.15 |
| KRMN Karman Holdings Inc. | New | 0.15% | +0.15 |
| TKR Timken Co. | New | 0.14% | +0.14 |
| CRWV Coreweave Inc. Class A | New | 0.14% | +0.14 |
| CELH Celsius Holdings Inc. | New | 0.14% | +0.14 |
| SAIL Sailpoint Inc. | New | 0.13% | +0.13 |
Options Activity Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | put | New | 500,000 | $99.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -36.1% | 79,500 | $44.5M |
| GXO Gxo Logistics Inc. | call | Sold out | 729,700 | $31.7Mbefore exit |
| ACI Albertsons Cos Inc. Class A | call | Sold out | 1,600,000 | $31.4Mbefore exit |
| WGO Winnebago Industries | put | Sold out | 500,000 | $23.9Mbefore exit |
| X United States Steel Corp. | call | Reduce -84.9% | 500,000 | $21.1M |
| SMH Vaneck Semiconductor ETF | put | Sold out | 25,500 | $6.2Mbefore exit |
| LW Lamb Weston Holdings Inc. | call | Sold out | 90,000 | $6.0Mbefore 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
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +1.5% | 172,500,000 | $169.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -9.1% | 100,000,000 | $97.5M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -5.9% | 80,000,000 | $96.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +3.3% | 77,500,000 | $94.3M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Reduce -14.3% | 60,000,000 | $84.8M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Add +23.3% | 92,500,000 | $80.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Add +87.5% | 75,000,000 | $74.7M |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | Add +1.1% | 73,800,000 | $73.4M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Sold out | 55,000,000 | $72.9Mbefore exit |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Reduce -12.3% | 57,000,000 | $67.0M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Reduce -9.1% | 50,000,000 | $57.6M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Reduce -5.3% | 45,000,000 | $54.2M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Reduce -4.5% | 52,500,000 | $48.7M |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | New | 40,000,000 | $48.0M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +11.9% | 50,350,000 | $46.8M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Reduce -9.1% | 50,000,000 | $46.1M |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Add +2.2% | 46,000,000 | $44.5M |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | Add +11.1% | 40,000,000 | $43.5M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -29.2% | 42,500,000 | $42.7M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +25.0% | 50,000,000 | $42.4M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 39,000,000 | $37.3Mbefore exit |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Add +33.3% | 40,000,000 | $36.6M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -12.5% | 35,000,000 | $34.3M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Reduce -52.0% | 35,000,000 | $34.2M |
| ALARM COM HLDGS INC | NOTE 2.25% 6/1/29 · principal | Add +48.9% | 35,000,000 | $33.7M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | New | 25,000,000 | $32.0M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | New | 35,500,000 | $30.1M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -16.7% | 25,000,000 | $29.6M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 22,500,000 | $28.4Mbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Add +20.0% | 30,000,000 | $26.9M |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | Add +12.7% | 40,000,000 | $26.7M |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | New | 25,000,000 | $25.9M |
| IQIYI INC | NOTE 4.625% 3/15/30 · principal | New | 25,000,000 | $25.9M |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | New | 25,000,000 | $24.4M |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | Add +35.7% | 64,500,000 | $22.4M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Add +24.9% | 103,000,000 | $22.1M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Reduce -25.0% | 30,000,000 | $22.0M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Reduce -4.8% | 20,000,000 | $19.1M |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | Sold out | 20,000,000 | $19.1Mbefore exit |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | New | 20,000,000 | $17.5M |
| FASTLY INC | NOTE 7.75% 06/01/28 · principal | Add +50.6% | 17,500,000 | $17.3M |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | New | 20,000,000 | $16.6M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Add +125.0% | 22,500,000 | $15.5M |
| FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) | NOTE 5.500% 2/0 · principal | Sold out | 15,000,000 | $14.8Mbefore exit |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | New | 15,000,000 | $13.8M |
| BRAEMAR HOTELS & RESORTS (BHR 4.5 06/01/26) | NOTE 4.500% 6/0 · principal | Sold out | 12,500,000 | $11.4Mbefore exit |
| CUTERA INC (CUTR 2.25 06/01/28) | NOTE 2.250% 6/0 · principal | Sold out | 50,000,000 | $7.1Mbefore exit |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | New | 425,000 | $315K |
| CRTWF Cartica Acquisition A -28 | *W EXP 04/30/202 | Sold out | 175,000 | $47Kbefore exit |
| PRCWF Procaps Group SA -CW26 | *W EXP 09/29/202 | Sold out | 547,600 | $23Kbefore exit |
Showing the first 50 of 54.
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 | 146 | $4.1B | EA, SPCX, ECHO, ARKO, CBRS |
| Q1 2026Amended | 142 | $3.7B | EA, ECHO, GTLS, ARKO, HOLX |
| Q4 2025Amended | 134 | $4.9B | CYBR, EXAS, EA, GTLS, CFLT |
| Q3 2025Amended | 144 | $4.7B | CYBR, GTLS, K, VRNA, FYBR |
| Q2 2025Amended | 104 | $4.2B | HES, K, AZEK, FYBR, IPG |
| Q1 2025Amended | 118 | $5.2B | ITCI, K, HES, IPG, FYBR |
| Q4 2024Amended | 111 | $3.7B | K, HCP, ARKO, PLYA, HES |
| Q3 2024Amended | 102 | $2.8B | CTLT, HCP, K, ARKO, META |
| Q2 2024Amended | 133 | $4.3B | WRK, HES, CTLT, EDR, HCP |
| Q1 2024Amended | 122 | $5.0B | PXD, HES, WRK, ARKO, CTLT |