Davidson Kempner Capital Management LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Davidson Kempner Capital Management LP reported 104 stock positions worth $4.2 billion. Its top holding was Hess (HES) at 8.7% of the portfolio, followed by Kellanova (K, 8.0%) and Azek (AZEK, 7.8%). Compared with Q1 2025, it opened 42 new positions, sold out of 56, added to 26 and reduced 26. The biggest buy was a new position in Blueprint Medicines (BPMC) and the biggest sale an exit from Intra-Cellular Therapies (ITCI).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001595082
- Portfolio Value
- $4.2B (Q2 2025)
- SEC Filing
- 0001595082-25-000062 ↗ filed Aug 14, 2025
Holdings Value
Holdings 104 stocks · $4.2B
| HES Hess Corp. | 8.66% | 2,642,628 | $366.1M | Add +9.1% |
| K Kellanova | 8.02% | 4,265,003 | $339.2M | Reduce -11.1% |
| AZEK The Azek Co. Inc. | 7.82% | 6,081,734 | $330.5M | Add +11.9% |
| FYBR Frontier Communications Pare | 6.34% | 7,369,998 | $268.3M | Reduce -24.3% |
| IPG Interpublic Group of Cos Inc. | 4.59% | 7,935,399 | $194.3M | Reduce -41.2% |
| META Meta Platforms Inc. Class A | 3.92% | 224,844 | $166.0M | Add +52.0% |
| BPMC Blueprint Medicines Corp. | 3.14% | 1,035,100 | $132.7M | New |
| ANSS Ansys Inc. | 2.93% | 353,064 | $124.0M | Reduce -43.6% |
| MSFT Microsoft Corp. | 2.59% | 220,467 | $109.7M | No change |
| JNPR Juniper Networks Inc. | 2.51% | 2,654,926 | $106.0M | Add +109.9% |
| ARKO Arko Corp. | 2.31% | 23,139,671 | $97.9M | No change |
| BKNG Booking Holdings Inc. | 2.29% | 16,709 | $96.7M | Add +15.3% |
| NVDA Nvidia Corp. | 1.92% | 513,200 | $81.1M | Reduce -27.1% |
| AMZN Amazon.com Inc. | 1.87% | 360,000 | $79.0M | Add +46.6% |
| CMG Chipotle Mexican Grill Inc. | 1.57% | 1,183,420 | $66.4M | New |
| KBR KBR Inc. | 1.26% | 1,106,976 | $53.1M | Add +16.1% |
| T AT&T Inc. | 1.20% | 1,750,000 | $50.6M | Reduce -12.5% |
| AMED Amedisys Inc. | 1.15% | 492,992 | $48.5M | Reduce -57.3% |
| MNST Monster Beverage Corp. | 1.12% | 755,000 | $47.3M | Add +43.8% |
| ALC Alcon Inc. filed as ALCON AG | 1.07% | 509,362 | $45.1M | Add +15.6% |
| EMR Emerson Electric Co. | 1.06% | 335,000 | $44.7M | New |
| AOMR Angel Oak Mortgage REIT Inc. | 1.05% | 4,729,210 | $44.5M | Reduce -8.7% |
| DKNG Draftkings Inc. Class A | 1.04% | 1,021,610 | $43.8M | Add +9.7% |
| CELH Celsius Holdings Inc. | 1.00% | 910,000 | $42.2M | Add +355.0% |
| CRCL Circle Internet Group Inc. | 0.86% | 200,000 | $36.3M | New |
| TMUS T-Mobile US Inc. | 0.85% | 150,000 | $35.7M | Add +100.0% |
| CHRW C.H. Robinson Worldwide Inc. | 0.83% | 365,000 | $35.0M | Reduce -2.7% |
| RTX RTX Corp. | 0.78% | 225,000 | $32.9M | Add +28.6% |
| PLNT Planet Fitness Inc. Class A | 0.77% | 300,000 | $32.7M | Add +50.0% |
| SKX Skechers USA Inc. Class A | 0.76% | 510,533 | $32.2M | New |
| UBER Uber Technologies Inc. | 0.76% | 344,655 | $32.2M | Reduce -12.7% |
| AZO AutoZone Inc. | 0.70% | 8,000 | $29.7M | Add +23.1% |
| MU Micron Technology Inc. | 0.69% | 236,910 | $29.2M | Reduce -67.2% |
| ETN Eaton Corp. PLC | 0.68% | 80,000 | $28.6M | Reduce -42.9% |
| MA Mastercard Inc. Class A | 0.66% | 50,000 | $28.1M | No change |
| UNP Union Pacific Corp. | 0.65% | 120,000 | $27.6M | New |
| CRM Salesforce Inc. | 0.64% | 100,000 | $27.3M | No change |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.63% | 455,000 | $26.6M | Add +82.0% |
| CNM Core & Main Inc. Class A | 0.63% | 440,000 | $26.6M | New |
| NVT Nvent Electric PLC | 0.62% | 360,000 | $26.4M | New |
| SNPS Synopsys Inc. | 0.61% | 50,000 | $25.6M | Add +66.7% |
| W Wayfair Inc. Class A | 0.60% | 500,000 | $25.6M | Add +26.3% |
| CHWY Chewy Inc. Class A | 0.59% | 585,000 | $24.9M | Reduce -49.1% |
| KVUE Kenvue Inc. | 0.59% | 1,187,447 | $24.9M | New |
| CPRI Capri Holdings Ltd. | 0.58% | 1,395,332 | $24.7M | Add +23.9% |
| LITE Lumentum Holdings Inc. | 0.56% | 250,000 | $23.8M | Reduce -34.8% |
| CYBR Cyberark Software Ltd./Israel | 0.56% | 58,200 | $23.7M | Add +66.3% |
| TECK Teck Resources Ltd.-CLS B | 0.52% | 543,002 | $21.9M | New |
| NSC Norfolk Southern Corp. | 0.51% | 85,000 | $21.8M | New |
| Z Zillow Group Inc. Class C | 0.50% | 300,000 | $21.0M | New |
| KTOS Kratos Defense & Security | 0.49% | 450,000 | $20.9M | New |
| AVGO Broadcom Inc. | 0.49% | 75,000 | $20.7M | Reduce -40.0% |
| BWXT BWX Technologies Inc. | 0.48% | 139,836 | $20.1M | Reduce -69.1% |
| WSC Willscot Holdings Corp. | 0.47% | 719,213 | $19.7M | Reduce -49.4% |
| LRCX Lam Research Corp. | 0.46% | 200,000 | $19.5M | Reduce -20.0% |
| CCL Carnival Corp. | 0.45% | 675,000 | $19.0M | New |
| KEX Kirby Corp. | 0.44% | 165,000 | $18.7M | Add +32.0% |
| VMC Vulcan Materials Co. | 0.43% | 70,000 | $18.3M | Reduce -63.2% |
| TPR Tapestry Inc. | 0.39% | 190,000 | $16.7M | Reduce -17.4% |
| GMS GMS Inc. | 0.39% | 150,000 | $16.3M | New |
| ACHR Archer Aviation Inc. Class A | 0.38% | 1,500,000 | $16.3M | New |
| USFD US Foods Holding Corp. | 0.38% | 210,000 | $16.2M | No change |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.38% | 310,000 | $16.1M | New |
| ADSK Autodesk Inc. | 0.37% | 50,000 | $15.5M | No change |
| TEAM Atlassian Corp. Class A | 0.36% | 75,000 | $15.2M | Add +50.0% |
| OLLI Ollie's Bargain Outlet Holdi | 0.36% | 115,000 | $15.2M | Add +15.0% |
| BIRK Birkenstock Holding PLC | 0.35% | 300,000 | $14.8M | New |
| MPWR Monolithic Power Systems Inc. | 0.35% | 20,000 | $14.6M | New |
| MCD McDonald's Corp. | 0.35% | 50,000 | $14.6M | No change |
| ELF Elf Beauty Inc. | 0.34% | 115,000 | $14.3M | New |
| TMDX Transmedics Group Inc. | 0.33% | 103,800 | $13.9M | Add +50.0% |
| JCI Johnson Controls Internation | 0.30% | 120,000 | $12.7M | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.27% | 200,000 | $11.5M | Reduce -68.4% |
| ATI Ati Inc. | 0.27% | 130,000 | $11.2M | Reduce -25.7% |
| SNOW Snowflake Inc. | 0.26% | 50,000 | $11.2M | Reduce -33.3% |
| GTES Gates Industrial Corp. UK Ltd. | 0.26% | 475,000 | $10.9M | Add +18.8% |
| ZBRA Zebra Technologies Corp. Class A | 0.26% | 35,000 | $10.8M | New |
| PCAPU Procap Acquisition Corp. | 0.24% | 960,432 | $10.3M | New |
| CAT Caterpillar Inc. | 0.23% | 25,000 | $9.7M | New |
| TTWO Take-Two Interactive Softwre | 0.17% | 30,000 | $7.3M | Reduce -60.0% |
| HPE Hewlett Packard Enterprise | 0.16% | 328,321 | $6.7M | Add +19.7% |
| DASH DoorDash Inc. Class A | 0.15% | 25,000 | $6.2M | Reduce -16.3% |
| RDDT Reddit Inc. Class A | 0.14% | 40,000 | $6.0M | New |
| ROST Ross Stores Inc. | 0.14% | 45,000 | $5.7M | New |
| BHR Braemar Hotels & Resorts Inc. | 0.13% | 2,300,700 | $5.6M | No change |
| CHAC Crane Harbor Acqu Corp. Class A | 0.12% | 500,000 | $5.0M | New |
| ALK Alaska Air Group Inc. | 0.12% | 100,000 | $4.9M | Reduce -53.5% |
| OYSEU Oyster Enterprises II Acquis | 0.10% | 400,000 | $4.0M | New |
| QBTS D-Wave Quantum Inc. | 0.09% | 250,000 | $3.7M | New |
| CAEP Cantor Equity Partners III-A | 0.07% | 300,000 | $3.2M | New |
| MSC Studio City Internationa-ADR | 0.07% | 911,306 | $2.9M | No change |
| VOYG Voyager Technologies Inc. Class A | 0.07% | 70,000 | $2.7M | New |
| CHYM Chime Financial Inc. Class A | 0.06% | 72,000 | $2.5M | New |
| AIRO Airo Group Holdings Inc. | 0.06% | 100,000 | $2.4M | New |
| HNGE Hinge Health Inc. Class A | 0.05% | 41,000 | $2.1M | New |
| MNSO Miniso Group Holding Ltd.-ADR | 0.05% | 110,576 | $2.0M | New |
| ETOR Etoro Group Ltd. Class A | 0.05% | 30,000 | $2.0M | New |
| CAI Caris Life Sciences Inc. | 0.03% | 54,000 | $1.4M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.03% | 1,762 | $1.1M | New |
| BTBT Bit Digital Inc. | 0.03% | 486,202 | $1.1M | New |
| OMDA Omada Health Inc. | 0.02% | 45,000 | $824K | New |
| SLDE Slide Insurance Holdings Inc. | 0.02% | 33,000 | $715K | New |
| ASIC Ategrity Specialty Holdings | 0.01% | 20,000 | $430K | New |
| ESPR Esperion Therapeutics Inc. | 0.01% | 222,482 | $219K | No change |
Options reported separately and not counted above: IWM puts ($193.8M), JNPR calls ($99.8M), QQQ puts ($30.3M), CMG calls ($19.7M), VG calls ($16.3M), CRWV puts ($16.3M), AMZN calls ($13.2M), RDDT calls ($3.0M).
Other holdings (87): bonds, preferreds, convertibles and warrants · $2.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 180,000,000 | $175.9M | Add +4.3% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 85,000,000 | $152.9M | Add +6.3% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 105,000,000 | $133.8M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 80,000,000 | $114.1M | Add +3.2% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 108,000,000 | $109.8M | Add +8.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 102,000,000 | $106.1M | New |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 100,000,000 | $90.5M | Add +8.1% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 65,000,000 | $84.4M | Add +30.0% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 60,000,000 | $71.2M | Add +5.3% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 67,500,000 | $69.7M | Add +35.0% |
| MINISO GROUP HOLDING LTD | NOTE 0.5% 1/14/32 · principal | 75,000,000 | $69.3M | New |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 70,000,000 | $65.3M | Add +39.0% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 65,000,000 | $60.5M | Add +30.0% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 80,000,000 | $58.6M | Add +52.4% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 52,500,000 | $58.2M | New |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 50,000,000 | $56.1M | Add +11.1% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 55,000,000 | $54.3M | Add +57.1% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 49,750,000 | $48.9M | New |
| HUAZHU GROUP LTD | NOTE 1.500% 7/1/27 · principal | 44,500,000 | $48.4M | New |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 46,000,000 | $44.9M | No change |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 40,000,000 | $44.8M | No change |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 45,000,000 | $43.5M | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 50,000,000 | $43.4M | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 38,500,000 | $38.2M | Reduce -9.4% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 40,000,000 | $37.1M | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 31,500,000 | $35.9M | Reduce -10.0% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 40,000,000 | $34.3M | Add +12.7% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 20,000,000 | $29.6M | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 23,500,000 | $29.4M | Reduce -6.0% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 30,000,000 | $28.4M | Add +100.0% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 30,000,000 | $27.9M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 42,000,000 | $26.4M | Add +86.7% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 45,000,000 | $26.1M | Add +12.5% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 105,000,000 | $26.0M | Add +1.9% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 27,000,000 | $24.6M | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 20,000,000 | $22.8M | Reduce -20.0% |
| KARYOPHARM THERAPEUTICS (KPTI 6 05/13/29 *) | NOTE 6.000% 5/1 · principal | 30,000,000 | $21.2M | New |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 25,000,000 | $20.8M | Add +25.0% |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 64,500,000 | $20.5M | No change |
| ETSY INC | 1.000 06/15/30 CVT · principal | 21,500,000 | $20.4M | New |
| FASTLY INC | NOTE 7.75% 06/01/28 · principal | 17,500,000 | $17.7M | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 20,000,000 | $17.2M | No change |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 14,266,000 | $13.6M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 7,584,000 | $8.0M | New |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 5,000,000 | $4.8M | Reduce -75.0% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 425,000 | $302K | No change |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 375,000 | $243K | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 17,246 | $138K | New |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 500,000 | $135K | New |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 125,000 | $101K | No change |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 143,750 | $92K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 200,000 | $77K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 95,296 | $77K | No change |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | 237,500 | $76K | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 187,499 | $71K | No change |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | 500,000 | $67K | New |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 250,000 | $48K | New |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 100,000 | $46K | No change |
| TALKW Hudson Executive Inv -CW25 | *W EXP 06/21/202 | 616,450 | $41K | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 150,000 | $39K | No change |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 266,666 | $27K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 193,066 | $26K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 350,042 | $26K | No change |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | 328,700 | $23K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 266,666 | $21K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 250,000 | $20K | No change |
| VLNWF Valens Semiconductor -CW26 | *W EXP 09/30/202 | 350,000 | $18K | No change |
| OUSTZ Ouster Inc. -CW25 | *W EXP 03/11/202 | 150,000 | $18K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 250,000 | $17K | No change |
| STLNW Oncology Institute Inc. CW-22 | *W EXP 99/99/999 | 318,710 | $16K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 195,399 | $15K | No change |
| BETRW Better Home & Finance-CW26 | *W EXP 08/22/202 | 100,000 | $15K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 200,000 | $13K | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 521,975 | $10K | No change |
| LNZAW Amci Acquisition II A -CW28 | *W EXP 01/01/202 | 374,999 | $10K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 175,000 | $9K | No change |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 533,333 | $7K | No change |
| CELULARITY INC | *W EXP 07/16/202 | 150,800 | $7K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 100,000 | $6K | No change |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 250,000 | $5K | No change |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | 466,666 | $4K | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 250,000 | $4K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 97,826 | $3K | No change |
| LTRYW Sports Entertainment-CW21 | *W EXP 10/15/202 | 100,000 | $2K | No change |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 | 83,332 | $2K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 125,000 | $2K | No change |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 142,406 | $1K | No change |
Total filed on the 13F, all lines: $6.6B.
Portfolio Sells Q1 2025 → Q2 2025
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −8.89 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −3.96 |
| DFS Discover Financial Services | Sold out | 0.00% | −3.58 |
| IPG Interpublic Group of Cos Inc. | Reduce -41.2% | 4.59% | −2.49 |
| SGI Somnigroup International Inc. | Sold out | 0.00% | −1.21 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −1.16 |
| AMED Amedisys Inc. | Reduce -57.3% | 1.15% | −0.92 |
| ANSS Ansys Inc. | Reduce -43.6% | 2.93% | −0.89 |
| CEG Constellation Energy | Sold out | 0.00% | −0.76 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.68 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.68 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.56 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.55 |
| MU Micron Technology Inc. | Reduce -67.2% | 0.69% | −0.52 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.52 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.49 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.45 |
| VMC Vulcan Materials Co. | Reduce -63.2% | 0.43% | −0.42 |
| FYBR Frontier Communications Pare | Reduce -24.3% | 6.34% | −0.40 |
| ON On Semiconductor | Sold out | 0.00% | −0.40 |
| BWXT BWX Technologies Inc. | Reduce -69.1% | 0.48% | −0.39 |
| SARO Standardaero Inc. | Sold out | 0.00% | −0.37 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.32 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.32 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.31 |
| WSC Willscot Holdings Corp. | Reduce -49.4% | 0.47% | −0.30 |
| P Everpure Inc. Class A | Reduce -68.4% | 0.27% | −0.27 |
| X United States Steel Corp. | Sold out | 0.00% | −0.26 |
| IP International Paper Co. | Sold out | 0.00% | −0.26 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.26 |
| VG Venture Global Inc. Class A | Sold out | 0.00% | −0.25 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.24 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.23 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.21 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.20 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.19 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.18 |
| QSR Restaurant Brands Intern | Sold out | 0.00% | −0.16 |
| CYTK Cytokinetics Inc. | Sold out | 0.00% | −0.16 |
| AMTM Amentum Holdings Inc. | Sold out | 0.00% | −0.16 |
| VCSA Vacasa Inc. Class A | Sold out | 0.00% | −0.16 |
| SWX Southwest Gas Holdings Inc. | Sold out | 0.00% | −0.15 |
| KRMN Karman Holdings Inc. | Sold out | 0.00% | −0.15 |
| TKR Timken Co. | Sold out | 0.00% | −0.14 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.14 |
| CHWY Chewy Inc. Class A | Reduce -49.1% | 0.59% | −0.13 |
| SAIL Sailpoint Inc. | Sold out | 0.00% | −0.13 |
| TTWO Take-Two Interactive Softwre | Reduce -60.0% | 0.17% | −0.13 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −0.12 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.12 |
Portfolio Buys Q1 2025 → Q2 2025
| BPMC Blueprint Medicines Corp. | New | 3.14% | +3.14 |
| AZEK The Azek Co. Inc. | Add +11.9% | 7.82% | +2.68 |
| META Meta Platforms Inc. Class A | Add +52.0% | 3.92% | +2.28 |
| JNPR Juniper Networks Inc. | Add +109.9% | 2.51% | +1.62 |
| CMG Chipotle Mexican Grill Inc. | New | 1.57% | +1.57 |
| HES Hess Corp. | Add +9.1% | 8.66% | +1.18 |
| EMR Emerson Electric Co. | New | 1.06% | +1.06 |
| BKNG Booking Holdings Inc. | Add +15.3% | 2.29% | +1.00 |
| AMZN Amazon.com Inc. | Add +46.6% | 1.87% | +0.97 |
| CELH Celsius Holdings Inc. | Add +355.0% | 1.00% | +0.86 |
| CRCL Circle Internet Group Inc. | New | 0.86% | +0.86 |
| SKX Skechers USA Inc. Class A | New | 0.76% | +0.76 |
| UNP Union Pacific Corp. | New | 0.65% | +0.65 |
| CNM Core & Main Inc. Class A | New | 0.63% | +0.63 |
| NVT Nvent Electric PLC | New | 0.62% | +0.62 |
| KVUE Kenvue Inc. | New | 0.59% | +0.59 |
| MNST Monster Beverage Corp. | Add +43.8% | 1.12% | +0.52 |
| TECK Teck Resources Ltd.-CLS B | New | 0.52% | +0.52 |
| NSC Norfolk Southern Corp. | New | 0.51% | +0.51 |
| Z Zillow Group Inc. Class C | New | 0.50% | +0.50 |
| KTOS Kratos Defense & Security | New | 0.49% | +0.49 |
| TMUS T-Mobile US Inc. | Add +100.0% | 0.85% | +0.46 |
| CCL Carnival Corp. | New | 0.45% | +0.45 |
| DKNG Draftkings Inc. Class A | Add +9.7% | 1.04% | +0.44 |
| PLNT Planet Fitness Inc. Class A | Add +50.0% | 0.77% | +0.40 |
| AL Sumisho Air Lease Corp. | Add +82.0% | 0.63% | +0.40 |
| GMS GMS Inc. | New | 0.39% | +0.39 |
| ACHR Archer Aviation Inc. Class A | New | 0.38% | +0.38 |
| ONON On Holding AG Class A | New | 0.38% | +0.38 |
| W Wayfair Inc. Class A | Add +26.3% | 0.60% | +0.36 |
| SNPS Synopsys Inc. | Add +66.7% | 0.61% | +0.36 |
| BIRK Birkenstock Holding PLC | New | 0.35% | +0.35 |
| MPWR Monolithic Power Systems Inc. | New | 0.35% | +0.35 |
| ELF Elf Beauty Inc. | New | 0.34% | +0.34 |
| KBR KBR Inc. | Add +16.1% | 1.26% | +0.34 |
| CYBR Cyberark Software Ltd./Israel | Add +66.3% | 0.56% | +0.33 |
| RTX RTX Corp. | Add +28.6% | 0.78% | +0.33 |
| JCI Johnson Controls Internation | New | 0.30% | +0.30 |
| ALC Alcon Inc. | Add +15.6% | 1.07% | +0.27 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.26% | +0.26 |
| PCAPU Procap Acquisition Corp. | New | 0.24% | +0.24 |
| TMDX Transmedics Group Inc. | Add +50.0% | 0.33% | +0.24 |
| CAT Caterpillar Inc. | New | 0.23% | +0.23 |
| AZO AutoZone Inc. | Add +23.1% | 0.70% | +0.22 |
| KEX Kirby Corp. | Add +32.0% | 0.44% | +0.20 |
| TEAM Atlassian Corp. Class A | Add +50.0% | 0.36% | +0.16 |
| CPRI Capri Holdings Ltd. | Add +23.9% | 0.58% | +0.15 |
| RDDT Reddit Inc. Class A | New | 0.14% | +0.14 |
| ROST Ross Stores Inc. | New | 0.14% | +0.14 |
| OLLI Ollie's Bargain Outlet Holdi | Add +15.0% | 0.36% | +0.13 |
Options Activity Q1 2025 → Q2 2025
| IWM iShares Russell 2000 ETF | put | Add +79.6% | 898,000 | $193.8M |
| JNPR Juniper Networks Inc. | call | New | 2,500,000 | $99.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 79,500 | $44.5Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | New | 55,000 | $30.3M |
| X United States Steel Corp. | call | Sold out | 500,000 | $21.1Mbefore exit |
| CMG Chipotle Mexican Grill Inc. | call | New | 350,000 | $19.7M |
| VG Venture Global Inc. Class A | call | New | 1,048,500 | $16.3M |
| CRWV Coreweave Inc. Class A | put | New | 100,000 | $16.3M |
| AMZN Amazon.com Inc. | call | New | 60,000 | $13.2M |
| RDDT Reddit Inc. Class A | call | New | 20,000 | $3.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +4.3% | 180,000,000 | $175.9M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +6.3% | 85,000,000 | $152.9M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 105,000,000 | $133.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +3.2% | 80,000,000 | $114.1M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +8.0% | 108,000,000 | $109.8M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 102,000,000 | $106.1M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Add +8.1% | 100,000,000 | $90.5M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Sold out | 60,000,000 | $84.8Mbefore exit |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +30.0% | 65,000,000 | $84.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 75,000,000 | $74.7Mbefore exit |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | Sold out | 73,800,000 | $73.4Mbefore exit |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Add +5.3% | 60,000,000 | $71.2M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Add +35.0% | 67,500,000 | $69.7M |
| MINISO GROUP HOLDING LTD | NOTE 0.5% 1/14/32 · principal | New | 75,000,000 | $69.3M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +39.0% | 70,000,000 | $65.3M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +30.0% | 65,000,000 | $60.5M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Add +52.4% | 80,000,000 | $58.6M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 52,500,000 | $58.2M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Add +11.1% | 50,000,000 | $56.1M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +57.1% | 55,000,000 | $54.3M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 49,750,000 | $48.9M |
| HUAZHU GROUP LTD | NOTE 1.500% 7/1/27 · principal | New | 44,500,000 | $48.4M |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | Sold out | 40,000,000 | $48.0Mbefore exit |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | New | 45,000,000 | $43.5M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -9.4% | 38,500,000 | $38.2M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Reduce -10.0% | 31,500,000 | $35.9M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +12.7% | 40,000,000 | $34.3M |
| ALARM COM HLDGS INC | NOTE 2.25% 6/1/29 · principal | Sold out | 35,000,000 | $33.7Mbefore exit |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -6.0% | 23,500,000 | $29.4M |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | Add +100.0% | 30,000,000 | $28.4M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Add +86.7% | 42,000,000 | $26.4M |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | Add +12.5% | 45,000,000 | $26.1M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Add +1.9% | 105,000,000 | $26.0M |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 25,000,000 | $25.9Mbefore exit |
| IQIYI INC | NOTE 4.625% 3/15/30 · principal | Sold out | 25,000,000 | $25.9Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | New | 27,000,000 | $24.6M |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | Sold out | 25,000,000 | $24.4Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -20.0% | 20,000,000 | $22.8M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Sold out | 30,000,000 | $22.0Mbefore exit |
| KARYOPHARM THERAPEUTICS (KPTI 6 05/13/29 *) | NOTE 6.000% 5/1 · principal | New | 30,000,000 | $21.2M |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | Add +25.0% | 25,000,000 | $20.8M |
| ETSY INC | 1.000 06/15/30 CVT · principal | New | 21,500,000 | $20.4M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | New | 7,584,000 | $8.0M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Reduce -75.0% | 5,000,000 | $4.8M |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | New | 17,246 | $138K |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | Sold out | 517,389 | $137Kbefore exit |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | New | 500,000 | $135K |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | New | 500,000 | $67K |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | New | 250,000 | $48K |
| VSTWF Vast Solar PTY Ltd. -28 | *W EXP 07/01/202 | Sold out | 300,000 | $10Kbefore exit |
Showing the first 50 of 51.
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 |