Davidson Kempner Capital Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Davidson Kempner Capital Management LP reported 144 stock positions worth $4.7 billion. Its top holding was Cyberark Software Ltd./Israel (CYBR) at 11.2% of the portfolio, followed by Chart Industries (GTLS, 8.2%) and Kellanova (K, 7.5%). Compared with Q2 2025, it opened 83 new positions, sold out of 43, added to 23 and reduced 25. The biggest buy was Cyberark Software Ltd./Israel (CYBR, shares +1791%) and the biggest sale an exit from Hess (HES).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001595082
- Portfolio Value
- $4.7B (Q3 2025)
- SEC Filing
- 0001595082-25-000098 ↗ filed Nov 14, 2025
Holdings Value
Holdings 144 stocks · $4.7B
| CYBR Cyberark Software Ltd./Israel | 11.21% | 1,100,542 | $531.7M | Add +1791.0% |
| GTLS Chart Industries Inc. | 8.23% | 1,951,600 | $390.6M | New |
| K Kellanova | 7.46% | 4,315,380 | $353.9M | Add +1.2% |
| VRNA Verona Pharma Ltd. | 7.36% | 3,271,623 | $349.1M | New |
| FYBR Frontier Communications Pare | 3.59% | 4,561,137 | $170.4M | Reduce -38.1% |
| META Meta Platforms Inc. Class A | 3.35% | 216,344 | $158.9M | Reduce -3.8% |
| MRUS Merus NV | 2.45% | 1,233,909 | $116.2M | New |
| AMZN Amazon.com Inc. | 2.24% | 485,000 | $106.5M | Add +34.7% |
| ARKO Arko Corp. | 2.23% | 23,139,671 | $105.7M | No change |
| EA Electronic Arts Inc. | 2.15% | 505,420 | $101.9M | New |
| NVDA Nvidia Corp. | 2.02% | 513,200 | $95.8M | No change |
| T AT&T Inc. | 1.60% | 2,694,934 | $76.1M | Add +54.0% |
| BKNG Booking Holdings Inc. | 1.33% | 11,662 | $63.0M | Reduce -30.2% |
| CVNA Carvana Co. | 1.21% | 151,750 | $57.2M | New |
| USFD US Foods Holding Corp. | 1.19% | 736,344 | $56.4M | Add +250.6% |
| TDS Telephone and Data Systems | 1.17% | 1,411,700 | $55.4M | New |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 1.13% | 840,084 | $53.5M | Add +84.6% |
| MSFT Microsoft Corp. | 1.10% | 100,584 | $52.1M | Reduce -54.4% |
| PLNT Planet Fitness Inc. Class A | 0.95% | 435,000 | $45.2M | Add +45.0% |
| KBR KBR Inc. | 0.93% | 930,847 | $44.0M | Reduce -15.9% |
| CELH Celsius Holdings Inc. | 0.91% | 750,000 | $43.1M | Reduce -17.6% |
| ATI Ati Inc. | 0.91% | 530,000 | $43.1M | Add +307.7% |
| MNST Monster Beverage Corp. | 0.91% | 640,000 | $43.1M | Reduce -15.2% |
| CCL Carnival Corp. | 0.88% | 1,450,000 | $41.9M | Add +114.8% |
| TMUS T-Mobile US Inc. | 0.88% | 175,000 | $41.9M | Add +16.7% |
| RTX RTX Corp. | 0.86% | 242,500 | $40.6M | Add +7.8% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 0.84% | 525,652 | $40.1M | New |
| AOMR Angel Oak Mortgage REIT Inc. | 0.82% | 4,134,210 | $38.7M | Reduce -12.6% |
| UBER Uber Technologies Inc. | 0.81% | 394,655 | $38.7M | Add +14.5% |
| DKNG Draftkings Inc. Class A | 0.81% | 1,021,610 | $38.2M | No change |
| APP AppLovin Corp. Class A | 0.76% | 50,000 | $35.9M | New |
| CSX CSX Corp. | 0.75% | 1,000,000 | $35.5M | New |
| CNM Core & Main Inc. Class A | 0.73% | 645,000 | $34.7M | Add +46.6% |
| CHRW C.H. Robinson Worldwide Inc. | 0.73% | 260,000 | $34.4M | Reduce -28.8% |
| EMR Emerson Electric Co. | 0.66% | 240,000 | $31.5M | Reduce -28.4% |
| ELF Elf Beauty Inc. | 0.64% | 230,000 | $30.5M | Add +100.0% |
| AZO AutoZone Inc. | 0.63% | 7,000 | $30.0M | Reduce -12.5% |
| NVT Nvent Electric PLC | 0.62% | 300,000 | $29.6M | Reduce -16.7% |
| MCD McDonald's Corp. | 0.61% | 95,000 | $28.9M | Add +90.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.60% | 250,000 | $28.6M | New |
| Z Zillow Group Inc. Class C | 0.60% | 371,000 | $28.6M | Add +23.7% |
| MA Mastercard Inc. Class A | 0.60% | 50,000 | $28.4M | No change |
| UAL United Airlines Holdings Inc. | 0.51% | 250,000 | $24.1M | New |
| LITE Lumentum Holdings Inc. | 0.49% | 143,900 | $23.4M | Reduce -42.4% |
| TGNA Tegna Inc. | 0.49% | 1,139,788 | $23.2M | New |
| LMT Lockheed Martin Corp. | 0.47% | 45,000 | $22.5M | New |
| UNP Union Pacific Corp. | 0.47% | 95,000 | $22.5M | Reduce -20.8% |
| ETN Eaton Corp. PLC | 0.47% | 60,000 | $22.5M | Reduce -25.0% |
| W Wayfair Inc. Class A | 0.47% | 250,000 | $22.3M | Reduce -50.0% |
| AS Amer Sports Inc. | 0.46% | 625,000 | $21.7M | New |
| NVRI Enviri Corp. | 0.45% | 1,683,800 | $21.4M | New |
| ECHO Echostar Corp. Class A | 0.44% | 273,678 | $20.9M | New |
| LII Lennox International Inc. | 0.43% | 38,500 | $20.4M | New |
| ALC Alcon Inc. filed as ALCON AG | 0.41% | 258,305 | $19.2M | Reduce -49.3% |
| ZBRA Zebra Technologies Corp. Class A | 0.38% | 60,000 | $17.8M | Add +71.4% |
| CRM Salesforce Inc. | 0.37% | 75,000 | $17.8M | Reduce -25.0% |
| BCSS.U Bain Capital GSS Investment | 0.37% | 1,750,000 | $17.7M | New |
| CMG Chipotle Mexican Grill Inc. | 0.37% | 450,000 | $17.6M | Reduce -62.0% |
| MELI MercadoLibre Inc. | 0.37% | 7,500 | $17.5M | New |
| RCAT Red Cat Holdings Inc. | 0.36% | 1,670,120 | $17.3M | New |
| VMC Vulcan Materials Co. | 0.36% | 55,000 | $16.9M | Reduce -21.4% |
| WOLF Wolfspeed Inc. | 0.35% | 587,698 | $16.8M | New |
| GTES Gates Industrial Corp. UK Ltd. | 0.35% | 675,000 | $16.8M | Add +42.1% |
| CP Canadian Pacific Kansas City | 0.35% | 225,000 | $16.8M | New |
| TMDX Transmedics Group Inc. | 0.35% | 146,400 | $16.4M | Add +41.0% |
| ADSK Autodesk Inc. | 0.33% | 50,000 | $15.9M | No change |
| MDB Mongodb Inc. | 0.33% | 50,000 | $15.5M | New |
| SCS Steelcase Inc. Class A | 0.32% | 888,190 | $15.3M | New |
| STUB Stubhub Holdings Inc. Class A | 0.32% | 904,603 | $15.2M | New |
| IP International Paper Co. | 0.32% | 325,000 | $15.1M | New |
| SNPS Synopsys Inc. | 0.31% | 30,000 | $14.8M | Reduce -40.0% |
| BLCO Bausch + Lomb Corp. | 0.31% | 980,474 | $14.8M | New |
| CAT Caterpillar Inc. | 0.30% | 30,000 | $14.3M | Add +20.0% |
| ORCL Oracle Corp. | 0.30% | 50,000 | $14.1M | New |
| FIVE Five Below | 0.29% | 90,000 | $13.9M | New |
| OLLI Ollie's Bargain Outlet Holdi | 0.28% | 105,000 | $13.5M | Reduce -8.7% |
| COHR Coherent Corp. | 0.28% | 125,000 | $13.5M | New |
| GXO Gxo Logistics Inc. | 0.27% | 240,000 | $12.7M | New |
| HIMS Hims & Hers Health Inc. | 0.26% | 214,100 | $12.1M | New |
| TEAM Atlassian Corp. Class A | 0.25% | 75,000 | $12.0M | No change |
| NTSK Netskope Inc. Class A | 0.25% | 520,863 | $11.8M | New |
| HUBS HubSpot Inc. | 0.25% | 25,000 | $11.7M | New |
| GWRE Guidewire Software Inc. | 0.24% | 50,000 | $11.5M | New |
| B Barrick Mining Corp. | 0.24% | 350,000 | $11.5M | New |
| SNDK Sandisk Corp. | 0.24% | 100,000 | $11.2M | New |
| SBUX Starbucks Corp. | 0.22% | 125,000 | $10.6M | New |
| SN Sharkninja Inc. | 0.22% | 100,000 | $10.3M | New |
| PCAP Procap Acquisition Corp. Class A | 0.21% | 993,432 | $10.2M | Add +3.4% |
| DMIIU Drugs Made in America Acquis | 0.21% | 1,000,000 | $9.9M | New |
| CPRI Capri Holdings Ltd. | 0.19% | 447,213 | $8.9M | Reduce -68.0% |
| WIX Wix.com Ltd. | 0.19% | 50,000 | $8.9M | New |
| CRWV Coreweave Inc. Class A | 0.17% | 60,000 | $8.2M | New |
| RL Ralph Lauren Corp. | 0.17% | 25,000 | $7.8M | New |
| TTWO Take-Two Interactive Softwre | 0.16% | 30,000 | $7.8M | No change |
| CEPF Cantor Equity Partners Class A | 0.16% | 750,000 | $7.6M | New |
| CEG Constellation Energy | 0.16% | 23,000 | $7.6M | New |
| GAP The Gap Inc. | 0.16% | 350,000 | $7.5M | New |
| AVAV Aerovironment Inc. | 0.15% | 22,500 | $7.1M | New |
| BLSH Bullish | 0.15% | 111,000 | $7.1M | New |
| HUBG Hub Group Inc. Class A | 0.15% | 200,000 | $6.9M | New |
| FIG Figma Inc. Class A | 0.14% | 126,930 | $6.6M | New |
| FIGR Figure Technology Solut Class A | 0.14% | 180,500 | $6.6M | New |
| BHR Braemar Hotels & Resorts Inc. | 0.13% | 2,300,700 | $6.3M | No change |
| LIVEPERSON INC | 0.13% | 10,491,933 | $6.1M | New |
| ROST Ross Stores Inc. | 0.13% | 40,000 | $6.1M | Reduce -11.1% |
| BMNR Bitmine Immersion Technologi | 0.11% | 100,000 | $5.2M | New |
| CHAC Crane Harbor Acqu Corp. Class A | 0.11% | 500,000 | $5.1M | No change |
| MCGA Yorkville Acquisition Corp. Class A | 0.10% | 434,824 | $4.6M | New |
| LGN Legence Corp. Class A | 0.10% | 150,000 | $4.6M | New |
| RDDT Reddit Inc. Class A | 0.10% | 20,000 | $4.6M | Reduce -50.0% |
| KLAR Klarna Group PLC | 0.10% | 125,000 | $4.6M | New |
| IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP | 0.09% | 270,540 | $4.4M | New |
| OYSE Oyster Enterprises II Acq-A | 0.08% | 400,000 | $4.0M | No change |
| MSC Studio City Internationa-ADR | 0.07% | 911,306 | $3.6M | No change |
| USO United States Oil Fund LP | 0.07% | 47,163 | $3.5M | New |
| WYFI Whitefiber Inc. | 0.07% | 125,000 | $3.4M | New |
| ARX Accelerant Holdings Class A | 0.07% | 208,600 | $3.1M | New |
| CAEP Cantor Equity Partners III-A | 0.07% | 300,000 | $3.1M | No change |
| ONDS Ondas Inc. filed as ONDAS HLDGS INC | 0.06% | 350,000 | $2.7M | New |
| MATX Matson Inc. | 0.06% | 27,000 | $2.7M | New |
| MBVIU M3-Brigade Acquisition Vi Co. | 0.05% | 250,000 | $2.5M | New |
| RZLV Rezolve AI PLC | 0.05% | 500,000 | $2.5M | New |
| NIQ Niq Global Intelligence PLC | 0.05% | 150,000 | $2.4M | New |
| CVLT Commvault Systems Inc. | 0.05% | 12,256 | $2.3M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.05% | 29,074 | $2.3M | New |
| BTBT Bit Digital Inc. | 0.05% | 750,000 | $2.3M | Add +54.3% |
| FCRS.U Futurecrest Acquisition Corp. | 0.04% | 200,000 | $2.1M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.04% | 2,919 | $1.9M | Add +65.7% |
| WLAC Willow Lane Acquisition Class A | 0.04% | 162,639 | $1.9M | New |
| MIR Mirion Technologies Inc. | 0.04% | 75,000 | $1.7M | New |
| VERI Veritone Inc. | 0.04% | 350,000 | $1.7M | New |
| BRCB Black Rock Coffee Bar Inc. Class A | 0.04% | 70,000 | $1.7M | New |
| AZ A2Z CUST2MATE Solutions Corp. | 0.03% | 175,000 | $1.4M | New |
| WBI Waterbridge Infrastruc Class A | 0.03% | 53,000 | $1.3M | New |
| GEMI Gemini Space Station Inc. Class A | 0.03% | 50,000 | $1.2M | New |
| MIAX Miami International Holdings | 0.02% | 26,000 | $1.0M | New |
| PI Impinj Inc. | 0.02% | 5,715 | $1.0M | New |
| BLZRU Trailblazer Acquisition Corp. | 0.02% | 100,000 | $1.0M | New |
| IT Gartner Inc. | 0.01% | 2,300 | $605K | New |
| ESPR Esperion Therapeutics Inc. | 0.01% | 222,482 | $590K | No change |
| VIA Via Transportation Inc. Class A | 0.01% | 10,000 | $481K | New |
| FLY Firefly Aerospace Inc. | 0.01% | 10,000 | $293K | New |
| ONCH 1RT Acquisition Corp. Class A | 0.01% | 25,000 | $261K | New |
| HCMA HCM III Acquisition Cor Class A | 0.01% | 25,000 | $253K | New |
Options reported separately and not counted above: QQQ puts ($390.2M), IWM puts ($157.3M), K puts ($111.8M), K calls ($8.6M), CRCL puts ($6.6M), ARKK puts ($3.3M).
Other holdings (86): bonds, preferreds, convertibles and warrants · $2.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 85,000,000 | $244.8M | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 110,000,000 | $202.1M | Add +4.8% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 190,000,000 | $188.3M | Add +5.6% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 87,500,000 | $128.6M | Add +9.4% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 100,000,000 | $107.2M | Reduce -2.0% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 100,000,000 | $104.2M | Reduce -7.4% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 104,450,000 | $96.5M | Add +4.5% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 55,000,000 | $83.5M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 88,365,000 | $83.1M | Add +36.0% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 60,000,000 | $76.5M | Add +14.3% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 65,000,000 | $74.1M | Add +8.3% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 65,000,000 | $65.9M | Add +18.2% |
| SAREPTA THERAPEUTICS INC | NOTE 4.875% 9/1/30 · principal | 80,000,000 | $64.0M | New |
| HUAZHU GROUP LTD | NOTE 1.500% 7/1/27 · principal | 49,000,000 | $56.7M | Add +10.1% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 55,000,000 | $52.7M | Add +22.2% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 40,000,000 | $51.6M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 51,835,000 | $50.3M | Add +4.2% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 47,500,000 | $49.9M | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 45,500,000 | $47.6M | Add +8.3% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 40,000,000 | $44.3M | Add +427.4% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 50,000,000 | $44.1M | Add +25.0% |
| ETSY INC | 1.000 06/15/30 CVT · principal | 37,500,000 | $40.9M | Add +74.4% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 41,511,000 | $38.8M | Add +3.8% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 40,000,000 | $36.9M | Add +48.1% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 25,000,000 | $35.1M | Add +25.0% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 35,000,000 | $34.8M | Reduce -23.9% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 25,000,000 | $33.7M | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 35,095,000 | $31.3M | Reduce -29.8% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 30,000,000 | $29.5M | No change |
| ALIBABA GROUP HOLDING | NOTE 0.0% 9/15/32 · principal | 25,000,000 | $28.6M | New |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 25,000,000 | $24.8M | Reduce -16.7% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 18,000,000 | $24.5M | Reduce -23.4% |
| KARYOPHARM THERAPEUTICS (KPTI 6 05/13/29 *) | NOTE 6.000% 5/1 · principal | 30,000,000 | $20.9M | No change |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 27,000,000 | $20.5M | Reduce -40.0% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 12,500,000 | $19.0M | Reduce -60.3% |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 20,000,000 | $18.0M | New |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 20,000,000 | $17.9M | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 16,400,000 | $15.4M | New |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 15,000,000 | $13.2M | Reduce -81.3% |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 1,100,000 | $418K | Reduce -98.3% |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 375,000 | $282K | No change |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 331,144 | $215K | Add +3.5% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 425,000 | $213K | No change |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 100,000 | $210K | No change |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 125,000 | $210K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 95,296 | $176K | No change |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 500,000 | $155K | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 17,246 | $127K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 200,000 | $126K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 250,000 | $114K | No change |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 266,666 | $85K | No change |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 143,750 | $76K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 400,000 | $68K | No change |
| BETRW Better Home & Finance-CW26 | *W EXP 08/22/202 | 100,000 | $60K | No change |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | 237,500 | $46K | No change |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | 328,700 | $46K | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 150,000 | $45K | No change |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | 500,000 | $40K | No change |
| STLNW Oncology Institute Inc. CW-22 | *W EXP 99/99/999 | 318,710 | $38K | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 187,499 | $38K | No change |
| TALKW Hudson Executive Inv -CW25 | *W EXP 06/21/202 | 616,450 | $29K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 350,042 | $24K | No change |
| VLNWF Valens Semiconductor -CW26 | *W EXP 09/30/202 | 350,000 | $21K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 250,000 | $19K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 266,666 | $16K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 195,399 | $15K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 250,000 | $14K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 175,000 | $12K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 200,000 | $11K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 193,066 | $9K | No change |
| OUSTZ Ouster Inc. -CW25 | *W EXP 03/11/202 | 150,000 | $8K | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 521,975 | $8K | No change |
| LNZAW Amci Acquisition II A -CW28 | *W EXP 01/01/202 | 374,999 | $7K | 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 |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 250,000 | $6K | No change |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 8,333 | $6K | New |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 6,249 | $6K | New |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | 466,666 | $5K | No change |
| CELULARITY INC | *W EXP 07/16/202 | 150,800 | $5K | No change |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 533,333 | $5K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 125,000 | $3K | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 250,000 | $3K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 97,826 | $3K | No change |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 142,406 | $2K | No change |
| LTRYW Sports Entertainment-CW21 | *W EXP 10/15/202 | 100,000 | $1K | No change |
Total filed on the 13F, all lines: $7.1B.
Portfolio Sells Q2 2025 → Q3 2025
| HES Hess Corp. | Sold out | 0.00% | −8.66 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −7.82 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −4.59 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −3.14 |
| ANSS Ansys Inc. | Sold out | 0.00% | −2.93 |
| FYBR Frontier Communications Pare | Reduce -38.1% | 3.59% | −2.75 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −2.51 |
| MSFT Microsoft Corp. | Reduce -54.4% | 1.10% | −1.50 |
| CMG Chipotle Mexican Grill Inc. | Reduce -62.0% | 0.37% | −1.20 |
| AMED Amedisys Inc. | Sold out | 0.00% | −1.15 |
| BKNG Booking Holdings Inc. | Reduce -30.2% | 1.33% | −0.96 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −0.86 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.76 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.69 |
| ALC Alcon Inc. | Reduce -49.3% | 0.41% | −0.66 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.59 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.59 |
| META Meta Platforms Inc. Class A | Reduce -3.8% | 3.35% | −0.58 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.52 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.51 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −0.49 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.49 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.48 |
| WSC Willscot Holdings Corp. | Sold out | 0.00% | −0.47 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.46 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.44 |
| CPRI Capri Holdings Ltd. | Reduce -68.0% | 0.19% | −0.40 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.39 |
| EMR Emerson Electric Co. | Reduce -28.4% | 0.66% | −0.39 |
| GMS GMS Inc. | Sold out | 0.00% | −0.39 |
| ACHR Archer Aviation Inc. Class A | Sold out | 0.00% | −0.38 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.38 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −0.35 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.35 |
| KBR KBR Inc. | Reduce -15.9% | 0.93% | −0.33 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.30 |
| SNPS Synopsys Inc. | Reduce -40.0% | 0.31% | −0.29 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.27 |
| CRM Salesforce Inc. | Reduce -25.0% | 0.37% | −0.27 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.26 |
| AOMR Angel Oak Mortgage REIT Inc. | Reduce -12.6% | 0.82% | −0.24 |
| MNST Monster Beverage Corp. | Reduce -15.2% | 0.91% | −0.21 |
| ETN Eaton Corp. PLC | Reduce -25.0% | 0.47% | −0.20 |
| UNP Union Pacific Corp. | Reduce -20.8% | 0.47% | −0.18 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.16 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.15 |
| W Wayfair Inc. Class A | Reduce -50.0% | 0.47% | −0.13 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.12 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -28.8% | 0.73% | −0.10 |
| CELH Celsius Holdings Inc. | Reduce -17.6% | 0.91% | −0.09 |
Portfolio Buys Q2 2025 → Q3 2025
| CYBR Cyberark Software Ltd./Israel | Add +1791.0% | 11.21% | +10.65 |
| GTLS Chart Industries Inc. | New | 8.23% | +8.23 |
| VRNA Verona Pharma Ltd. | New | 7.36% | +7.36 |
| MRUS Merus NV | New | 2.45% | +2.45 |
| EA Electronic Arts Inc. | New | 2.15% | +2.15 |
| CVNA Carvana Co. | New | 1.21% | +1.21 |
| TDS Telephone and Data Systems | New | 1.17% | +1.17 |
| WNS WNS Holdings Ltd. | New | 0.84% | +0.84 |
| USFD US Foods Holding Corp. | Add +250.6% | 1.19% | +0.81 |
| APP AppLovin Corp. Class A | New | 0.76% | +0.76 |
| CSX CSX Corp. | New | 0.75% | +0.75 |
| ATI Ati Inc. | Add +307.7% | 0.91% | +0.64 |
| DIS The Walt Disney Co. | New | 0.60% | +0.60 |
| UAL United Airlines Holdings Inc. | New | 0.51% | +0.51 |
| AL Sumisho Air Lease Corp. | Add +84.6% | 1.13% | +0.50 |
| TGNA Tegna Inc. | New | 0.49% | +0.49 |
| LMT Lockheed Martin Corp. | New | 0.47% | +0.47 |
| AS Amer Sports Inc. | New | 0.46% | +0.46 |
| NVRI Enviri Corp. | New | 0.45% | +0.45 |
| ECHO Echostar Corp. Class A | New | 0.44% | +0.44 |
| CCL Carnival Corp. | Add +114.8% | 0.88% | +0.43 |
| LII Lennox International Inc. | New | 0.43% | +0.43 |
| T AT&T Inc. | Add +54.0% | 1.60% | +0.41 |
| AMZN Amazon.com Inc. | Add +34.7% | 2.24% | +0.38 |
| BCSS.U Bain Capital GSS Investment | New | 0.37% | +0.37 |
| MELI MercadoLibre Inc. | New | 0.37% | +0.37 |
| RCAT Red Cat Holdings Inc. | New | 0.36% | +0.36 |
| WOLF Wolfspeed Inc. | New | 0.35% | +0.35 |
| CP Canadian Pacific Kansas City | New | 0.35% | +0.35 |
| MDB Mongodb Inc. | New | 0.33% | +0.33 |
| SCS Steelcase Inc. Class A | New | 0.32% | +0.32 |
| STUB Stubhub Holdings Inc. Class A | New | 0.32% | +0.32 |
| IP International Paper Co. | New | 0.32% | +0.32 |
| BLCO Bausch + Lomb Corp. | New | 0.31% | +0.31 |
| ELF Elf Beauty Inc. | Add +100.0% | 0.64% | +0.30 |
| ORCL Oracle Corp. | New | 0.30% | +0.30 |
| FIVE Five Below | New | 0.29% | +0.29 |
| COHR Coherent Corp. | New | 0.28% | +0.28 |
| GXO Gxo Logistics Inc. | New | 0.27% | +0.27 |
| MCD McDonald's Corp. | Add +90.0% | 0.61% | +0.26 |
| HIMS Hims & Hers Health Inc. | New | 0.26% | +0.26 |
| NTSK Netskope Inc. Class A | New | 0.25% | +0.25 |
| HUBS HubSpot Inc. | New | 0.25% | +0.25 |
| GWRE Guidewire Software Inc. | New | 0.24% | +0.24 |
| B Barrick Mining Corp. | New | 0.24% | +0.24 |
| SNDK Sandisk Corp. | New | 0.24% | +0.24 |
| SBUX Starbucks Corp. | New | 0.22% | +0.22 |
| SN Sharkninja Inc. | New | 0.22% | +0.22 |
| DMIIU Drugs Made in America Acquis | New | 0.21% | +0.21 |
| WIX Wix.com Ltd. | New | 0.19% | +0.19 |
Options Activity Q2 2025 → Q3 2025
| QQQ Invesco QQQ Trust Series 1 | put | Add +1081.8% | 650,000 | $390.2M |
| IWM iShares Russell 2000 ETF | put | Reduce -27.6% | 650,000 | $157.3M |
| K Kellanova | put | New | 1,362,600 | $111.8M |
| JNPR Juniper Networks Inc. | call | Sold out | 2,500,000 | $99.8Mbefore exit |
| CMG Chipotle Mexican Grill Inc. | call | Sold out | 350,000 | $19.7Mbefore exit |
| VG Venture Global Inc. Class A | call | Sold out | 1,048,500 | $16.3Mbefore exit |
| CRWV Coreweave Inc. Class A | put | Sold out | 100,000 | $16.3Mbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 60,000 | $13.2Mbefore exit |
| K Kellanova | call | New | 104,400 | $8.6M |
| CRCL Circle Internet Group Inc. | put | New | 50,000 | $6.6M |
| ARKK ARK Innovation ETF | put | New | 38,000 | $3.3M |
| RDDT Reddit Inc. Class A | call | Sold out | 20,000 | $3.0Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +4.8% | 110,000,000 | $202.1M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +5.6% | 190,000,000 | $188.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +9.4% | 87,500,000 | $128.6M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Reduce -2.0% | 100,000,000 | $107.2M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -7.4% | 100,000,000 | $104.2M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Add +4.5% | 104,450,000 | $96.5M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 65,000,000 | $84.4Mbefore exit |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 55,000,000 | $83.5M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +36.0% | 88,365,000 | $83.1M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +14.3% | 60,000,000 | $76.5M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Add +8.3% | 65,000,000 | $74.1M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Sold out | 67,500,000 | $69.7Mbefore exit |
| MINISO GROUP HOLDING LTD | NOTE 0.5% 1/14/32 · principal | Sold out | 75,000,000 | $69.3Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +18.2% | 65,000,000 | $65.9M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Sold out | 70,000,000 | $65.3Mbefore exit |
| SAREPTA THERAPEUTICS INC | NOTE 4.875% 9/1/30 · principal | New | 80,000,000 | $64.0M |
| HUAZHU GROUP LTD | NOTE 1.500% 7/1/27 · principal | Add +10.1% | 49,000,000 | $56.7M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 50,000,000 | $56.1Mbefore exit |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | Add +22.2% | 55,000,000 | $52.7M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Add +4.2% | 51,835,000 | $50.3M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | New | 47,500,000 | $49.9M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Add +8.3% | 45,500,000 | $47.6M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +427.4% | 40,000,000 | $44.3M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +25.0% | 50,000,000 | $44.1M |
| ETSY INC | 1.000 06/15/30 CVT · principal | Add +74.4% | 37,500,000 | $40.9M |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Add +3.8% | 41,511,000 | $38.8M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 38,500,000 | $38.2Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Add +48.1% | 40,000,000 | $36.9M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +25.0% | 25,000,000 | $35.1M |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Reduce -23.9% | 35,000,000 | $34.8M |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | New | 25,000,000 | $33.7M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -29.8% | 35,095,000 | $31.3M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Sold out | 20,000,000 | $29.6Mbefore exit |
| ALIBABA GROUP HOLDING | NOTE 0.0% 9/15/32 · principal | New | 25,000,000 | $28.6M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 105,000,000 | $26.0Mbefore exit |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | Reduce -16.7% | 25,000,000 | $24.8M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -23.4% | 18,000,000 | $24.5M |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | Sold out | 25,000,000 | $20.8Mbefore exit |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | Reduce -40.0% | 27,000,000 | $20.5M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Reduce -60.3% | 12,500,000 | $19.0M |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | New | 20,000,000 | $18.0M |
| FASTLY INC | NOTE 7.75% 06/01/28 · principal | Sold out | 17,500,000 | $17.7Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 16,400,000 | $15.4M |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | Sold out | 14,266,000 | $13.6Mbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Reduce -81.3% | 15,000,000 | $13.2M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Sold out | 5,000,000 | $4.8Mbefore exit |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | Reduce -98.3% | 1,100,000 | $418K |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | Add +3.5% | 331,144 | $215K |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | New | 8,333 | $6K |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | New | 6,249 | $6K |
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 |