Davidson Kempner Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Davidson Kempner Capital Management LP reported 134 stock positions worth $4.9 billion. Its top holding was Cyberark Software Ltd./Israel (CYBR) at 13.3% of the portfolio, followed by Exact Sciences (EXAS, 8.8%) and Electronic Arts (EA, 8.2%). Compared with Q3 2025, it opened 60 new positions, sold out of 70, added to 27 and reduced 26. The biggest buy was a new position in Exact Sciences (EXAS) and the biggest sale an exit from Kellanova (K).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001595082
- Portfolio Value
- $4.9B (Q4 2025)
- SEC Filing
- 0001595082-26-000030 ↗ filed Feb 17, 2026
Holdings Value
Holdings 134 stocks · $4.9B
| CYBR Cyberark Software Ltd./Israel | 13.26% | 1,444,703 | $644.4M | Add +31.3% |
| EXAS Exact Sciences Corp. | 8.84% | 4,230,749 | $429.7M | New |
| EA Electronic Arts Inc. | 8.23% | 1,956,941 | $399.9M | Add +287.2% |
| GTLS Chart Industries Inc. | 6.14% | 1,447,737 | $298.6M | Reduce -25.8% |
| CFLT Confluent Inc. Class A | 5.49% | 8,829,908 | $267.0M | New |
| DAY Dayforce Inc. | 2.58% | 1,814,721 | $125.5M | New |
| ARKO Arko Corp. | 2.16% | 23,139,671 | $105.1M | No change |
| NGD New Gold Inc. | 2.11% | 11,775,006 | $102.6M | New |
| ECHO Echostar Corp. Class A | 1.62% | 723,678 | $78.7M | Add +164.4% |
| B Barrick Mining Corp. | 1.49% | 1,659,141 | $72.3M | Add +374.0% |
| MSFT Microsoft Corp. | 1.45% | 145,584 | $70.4M | Add +44.7% |
| NVTS Navitas Semiconductor Corp. | 1.41% | 9,629,629 | $68.8M | New |
| CSX CSX Corp. | 1.31% | 1,755,078 | $63.6M | Add +75.5% |
| CHRW C.H. Robinson Worldwide Inc. | 1.29% | 390,000 | $62.7M | Add +50.0% |
| BA The Boeing Co. | 1.25% | 280,000 | $60.8M | New |
| TDS Telephone and Data Systems | 1.19% | 1,411,700 | $57.9M | No change |
| CVNA Carvana Co. | 1.14% | 131,750 | $55.6M | Reduce -13.2% |
| NVDA Nvidia Corp. | 1.11% | 288,200 | $53.7M | Reduce -43.8% |
| HOLX Hologic Inc. | 1.10% | 720,423 | $53.7M | New |
| META Meta Platforms Inc. Class A | 1.10% | 81,145 | $53.6M | Reduce -62.5% |
| TMUS T-Mobile US Inc. | 1.10% | 262,178 | $53.2M | Add +49.8% |
| VMC Vulcan Materials Co. | 1.03% | 175,000 | $49.9M | Add +218.2% |
| KBR KBR Inc. | 0.95% | 1,144,884 | $46.0M | Add +23.0% |
| AXTI Axt Inc. | 0.92% | 2,734,693 | $44.7M | New |
| TDY Teledyne Technologies Inc. | 0.92% | 87,500 | $44.7M | New |
| T AT&T Inc. | 0.92% | 1,794,934 | $44.6M | Reduce -33.4% |
| FYBR Frontier Communications Pare | 0.87% | 1,116,098 | $42.5M | Reduce -75.5% |
| Z Zillow Group Inc. Class C | 0.84% | 601,600 | $41.0M | Add +62.2% |
| NVRI Enviri Corp. | 0.83% | 2,258,800 | $40.5M | Add +34.1% |
| SGRY Surgery Partners Inc. | 0.75% | 2,371,464 | $36.6M | New |
| BKNG Booking Holdings Inc. | 0.73% | 6,662 | $35.7M | Reduce -42.9% |
| AOMR Angel Oak Mortgage REIT Inc. | 0.73% | 4,134,210 | $35.6M | No change |
| CDTX Cidara Therapeutics Inc. | 0.71% | 155,631 | $34.4M | New |
| LII Lennox International Inc. | 0.70% | 70,000 | $34.0M | Add +81.8% |
| CWAN Clearwater Analytics HDS-A | 0.69% | 1,397,033 | $33.7M | New |
| BLCO Bausch + Lomb Corp. | 0.68% | 1,939,711 | $33.1M | Add +97.8% |
| COHR Coherent Corp. | 0.66% | 175,000 | $32.3M | Add +40.0% |
| CEG Constellation Energy | 0.65% | 89,205 | $31.5M | Add +287.9% |
| MA Mastercard Inc. Class A | 0.59% | 50,000 | $28.5M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.59% | 250,000 | $28.4M | No change |
| ALC Alcon Inc. filed as ALCON AG | 0.57% | 347,883 | $27.8M | Add +34.7% |
| LIN Linde PLC | 0.57% | 65,000 | $27.7M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.55% | 25,000 | $26.7M | New |
| SEE Sealed Air Corp. | 0.55% | 643,602 | $26.7M | New |
| ANET Arista Networks Inc. | 0.54% | 200,000 | $26.2M | New |
| AVGO Broadcom Inc. | 0.53% | 75,000 | $26.0M | New |
| AME Ametek Inc. | 0.53% | 125,000 | $25.7M | New |
| USFD US Foods Holding Corp. | 0.49% | 316,262 | $23.8M | Reduce -57.0% |
| SNPS Synopsys Inc. | 0.48% | 50,000 | $23.5M | Add +66.7% |
| BWXT BWX Technologies Inc. | 0.48% | 134,947 | $23.3M | New |
| AMZN Amazon.com Inc. | 0.47% | 100,000 | $23.1M | Reduce -79.4% |
| DASH DoorDash Inc. Class A | 0.47% | 100,000 | $22.6M | New |
| SUNC Sunococorp LLC | 0.46% | 451,767 | $22.3M | New |
| RBLX Roblox Corp. Class A | 0.45% | 269,445 | $21.8M | New |
| MIR Mirion Technologies Inc. | 0.45% | 928,513 | $21.7M | Add +1138.0% |
| UNP Union Pacific Corp. | 0.43% | 90,000 | $20.8M | Reduce -5.3% |
| STX Seagate Technology Holdings | 0.42% | 75,000 | $20.7M | New |
| TEL Te Connectivity PLC | 0.42% | 90,000 | $20.5M | New |
| TE T1 Energy Inc. | 0.40% | 2,929,213 | $19.6M | New |
| FUN Six Flags Entertainment Corp. | 0.37% | 1,177,943 | $18.1M | New |
| NVT Nvent Electric PLC | 0.37% | 175,000 | $17.8M | Reduce -41.7% |
| TMDX Transmedics Group Inc. | 0.37% | 146,400 | $17.8M | No change |
| LRCX Lam Research Corp. | 0.35% | 100,000 | $17.1M | New |
| SNOW Snowflake Inc. | 0.34% | 75,000 | $16.5M | New |
| UBER Uber Technologies Inc. | 0.34% | 200,000 | $16.3M | Reduce -49.3% |
| CNM Core & Main Inc. Class A | 0.32% | 300,000 | $15.6M | Reduce -53.5% |
| MELI MercadoLibre Inc. | 0.31% | 7,500 | $15.1M | No change |
| W Wayfair Inc. Class A | 0.31% | 150,000 | $15.1M | Reduce -40.0% |
| GTES Gates Industrial Corp. UK Ltd. | 0.31% | 700,000 | $15.0M | Add +3.7% |
| ADSK Autodesk Inc. | 0.30% | 50,000 | $14.8M | No change |
| MDLN Medline Inc. Class A | 0.30% | 347,500 | $14.6M | New |
| BCSS Bain Capital GSS Inv- A | 0.29% | 1,400,000 | $14.1M | Reduce -20.0% |
| HUBG Hub Group Inc. Class A | 0.28% | 325,000 | $13.8M | Add +62.5% |
| RTX RTX Corp. | 0.28% | 75,000 | $13.8M | Reduce -69.1% |
| URI United Rentals Inc. | 0.25% | 15,000 | $12.1M | New |
| CPRI Capri Holdings Ltd. | 0.25% | 491,644 | $12.0M | Add +9.9% |
| GXO Gxo Logistics Inc. | 0.24% | 225,000 | $11.8M | Reduce -6.3% |
| RR Richtech Robotics Inc. Class B | 0.23% | 3,500,000 | $11.3M | New |
| APG Api Group Corp. | 0.22% | 275,000 | $10.5M | New |
| MDB Mongodb Inc. | 0.22% | 25,000 | $10.5M | Reduce -50.0% |
| HGV Hilton Grand Vacations Inc. | 0.21% | 230,000 | $10.3M | New |
| PCAP Procap Acquisition Corp. Class A | 0.21% | 993,432 | $10.1M | No change |
| DMII Drugs Made in America Acquis | 0.20% | 1,000,000 | $9.9M | No change |
| AVAV Aerovironment Inc. | 0.20% | 40,000 | $9.7M | Add +77.8% |
| MCGA Yorkville Acquisition Corp. Class A | 0.18% | 850,000 | $8.6M | Add +95.5% |
| HIMS Hims & Hers Health Inc. | 0.17% | 261,655 | $8.5M | Add +22.2% |
| CEPF Cantor Equity Partners Class A | 0.16% | 750,000 | $7.7M | No change |
| KBONU Karbon Capital Partners Corp. | 0.16% | 750,000 | $7.5M | New |
| NMG Nouveau Monde Graphite Inc. | 0.14% | 2,833,395 | $7.0M | New |
| LWLG Lightwave Logic Inc. | 0.14% | 2,128,639 | $6.9M | New |
| UAL United Airlines Holdings Inc. | 0.14% | 60,000 | $6.7M | Reduce -76.0% |
| SMRT Smartrent Inc. | 0.14% | 3,300,000 | $6.7M | New |
| CMCSA Comcast Corp. Class A | 0.13% | 215,000 | $6.4M | New |
| ALK Alaska Air Group Inc. | 0.13% | 125,000 | $6.3M | New |
| CHAC Crane Harbor Acqu Corp. Class A | 0.13% | 571,582 | $6.2M | Add +14.3% |
| SNDA Sonida Senior Living Inc. | 0.11% | 166,666 | $5.4M | New |
| BETA Beta Technologies Inc. Class A | 0.11% | 189,476 | $5.3M | New |
| DSACU Daedalus Special Acquisition | 0.10% | 500,000 | $5.0M | New |
| MNST Monster Beverage Corp. | 0.10% | 64,830 | $5.0M | Reduce -89.9% |
| BACC Blue Acquisition Corp. Class A | 0.10% | 459,832 | $4.7M | New |
| OYSE Oyster Enterprises II Acq-A | 0.08% | 400,000 | $4.0M | No change |
| ALH Alliance Laundry Holdings Inc. | 0.08% | 180,000 | $3.7M | New |
| HPE Hewlett Packard Enterprise | 0.07% | 150,000 | $3.6M | New |
| SAC.U Safeguard Acquisition Corp. | 0.07% | 350,000 | $3.5M | New |
| MSC Studio City Internationa-ADR | 0.07% | 911,306 | $3.2M | No change |
| SPAI Safe Pro Group Inc. | 0.06% | 751,730 | $3.1M | New |
| DGXX Digi Power X Inc. filed as DIGI PWR X INC | 0.06% | 1,221,698 | $3.1M | New |
| RZLV Rezolve AI PLC | 0.06% | 1,200,000 | $3.1M | Add +140.0% |
| CAEP Cantor Equity Partners III-A | 0.06% | 300,000 | $3.1M | No change |
| SAP Sap SE-Sponsored ADR | 0.06% | 12,256 | $3.0M | New |
| NP Neptune Insurance Holdi Class A | 0.06% | 100,000 | $2.9M | New |
| LPSN Liveperson Inc. | 0.05% | 686,800 | $2.7M | Reduce -1.8% |
| UMAC Unusual Machines Inc. | 0.05% | 200,000 | $2.5M | New |
| MBVI M3-Brigade Acquisition Class A | 0.05% | 250,000 | $2.5M | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.05% | 29,074 | $2.3M | No change |
| KPTI Karyopharm Therapeutics Inc. | 0.05% | 310,020 | $2.3M | New |
| SERV Serve Robotics Inc. | 0.04% | 200,000 | $2.1M | New |
| CEPV Cantor Equity Partners Class A | 0.04% | 200,000 | $2.0M | New |
| FCRS Futurecrest Acquisition Class A | 0.04% | 200,000 | $2.0M | No change |
| GCMG GCM Grosvenor Inc. Class A | 0.03% | 143,750 | $1.6M | New |
| CELH Celsius Holdings Inc. | 0.03% | 35,164 | $1.6M | Reduce -95.3% |
| TGNA Tegna Inc. | 0.03% | 73,359 | $1.4M | Reduce -93.6% |
| TNXP Tonix Pharmaceuticals Holdin | 0.03% | 90,006 | $1.4M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.03% | 2,017 | $1.4M | Reduce -30.9% |
| BLZR Trailblazer Acquisition Class A | 0.02% | 100,000 | $1.0M | No change |
| VERI Veritone Inc. | 0.02% | 200,000 | $930K | Reduce -42.9% |
| WLTH Wealthfront Corp. | 0.01% | 50,000 | $680K | New |
| ANDG Andersen Group Inc. Class A | 0.01% | 25,000 | $648K | New |
| IT Gartner Inc. | 0.01% | 2,300 | $580K | No change |
| VOYG Voyager Technologies Inc. Class A | 0.01% | 11,500 | $301K | New |
| ONCH 1RT Acquisition Corp. Class A | 0.01% | 25,000 | $255K | No change |
| ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII | 0.01% | 24,600 | $255K | New |
| HCMA HCM III Acquisition Cor Class A | 0.01% | 25,000 | $251K | No change |
| WLAC Willow Lane Acquisition Class A | 0.00% | 11,853 | $150K | Reduce -92.7% |
Options reported separately and not counted above: SPY puts ($1.1B), QQQ puts ($405.4M), IWM puts ($246.2M), WRBY calls ($8.7M), RR calls ($3.2M).
Other holdings (84): bonds, preferreds, convertibles and warrants · $2.0B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 110,000,000 | $170.8M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 103,500,000 | $129.7M | Add +3.5% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 90,000,000 | $116.7M | Add +2.9% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 115,000,000 | $111.7M | Add +30.1% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 100,000,000 | $94.3M | Reduce -4.3% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 87,500,000 | $90.9M | Add +34.6% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 75,000,000 | $75.6M | Add +15.4% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 50,000,000 | $74.3M | Reduce -9.1% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 60,000,000 | $73.8M | No change |
| ETSY INC | 1.000 06/15/30 CVT · principal | 67,500,000 | $68.4M | Add +80.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 65,000,000 | $65.0M | Reduce -35.0% |
| HUAZHU GROUP LTD | NOTE 1.500% 7/1/27 · principal | 47,500,000 | $63.0M | Reduce -3.1% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 70,000,000 | $62.4M | Add +40.0% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 45,000,000 | $57.3M | Add +12.5% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 60,000,000 | $57.1M | Add +9.1% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 43,500,000 | $50.4M | Add +8.8% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 52,500,000 | $49.5M | Add +26.5% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 50,000,000 | $49.0M | Reduce -3.5% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 50,000,000 | $44.9M | Add +9.9% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 45,000,000 | $40.8M | Add +28.2% |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 40,000,000 | $39.9M | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 25,000,000 | $37.0M | No change |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 40,000,000 | $36.7M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 35,000,000 | $35.9M | Reduce -12.5% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 23,500,000 | $26.7M | New |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 25,000,000 | $26.3M | New |
| ALIBABA GROUP HOLDING | NOTE 0.0% 9/15/32 · principal | 25,000,000 | $25.8M | No change |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 25,000,000 | $24.8M | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 23,000,000 | $21.6M | Add +15.0% |
| CLEANSPARK INC (CLSK 0 02/15/32) | FIXED INCOME · principal | 28,000,000 | $21.0M | New |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 20,000,000 | $20.7M | New |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 25,000,000 | $20.1M | Reduce -7.4% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 20,000,000 | $18.8M | Add +21.9% |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 20,000,000 | $18.1M | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 10,000,000 | $14.2M | Reduce -44.4% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 10,000,000 | $11.2M | Reduce -66.7% |
| FASTLY INC (FSLY 7.75 06/01/28) | NOTE 7.750% 6/0 · principal | 10,000,000 | $11.0M | New |
| FASTLY INC | NOTE 0.0% 12/15/30 · principal | 5,000,000 | $4.9M | New |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 1,100,000 | $418K | No change |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 500,000 | $400K | No change |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 375,000 | $319K | No change |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | 280,000 | $183K | Reduce -20.0% |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 150,000 | $141K | No change |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 1,000,000 | $140K | No change |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 331,144 | $123K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 250,000 | $105K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 200,000 | $82K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 400,000 | $80K | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 17,246 | $78K | No change |
| FLYX.WS Eg Acquisition Corp.-A -CW28 | *W EXP 99/99/999 | 266,666 | $76K | No change |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 425,000 | $65K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 175,000 | $48K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 195,399 | $39K | No change |
| STLNW Oncology Institute Inc. CW-22 | *W EXP 99/99/999 | 318,710 | $38K | No change |
| FCRS.WS Futurecrest Acquisition Corp. | *W EXP 09/30/203 | 50,000 | $37K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 95,296 | $31K | No change |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 83,333 | $31K | No change |
| SLND.WS Legato Merger Corp. II -CW23 | *W EXP 02/14/202 | 237,500 | $20K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 350,042 | $16K | No change |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | 33,333 | $16K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 250,000 | $15K | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 187,499 | $11K | No change |
| BETRW Better Home & Finance-CW26 | *W EXP 08/22/202 | 100,000 | $11K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 250,000 | $11K | No change |
| OUSTZ Ouster Inc. -CW25 | *W EXP 03/11/202 | 150,000 | $10K | No change |
| TALKW Hudson Executive Inv -CW25 | *W EXP 06/21/202 | 616,450 | $9K | No change |
| VLNWF Valens Semiconductor -CW26 | *W EXP 09/30/202 | 350,000 | $9K | No change |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 | 83,332 | $8K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 200,000 | $7K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 266,666 | $7K | No change |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | 500,000 | $6K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 100,000 | $5K | No change |
| LNZAW Amci Acquisition II A -CW28 | *W EXP 01/01/202 | 374,999 | $4K | No change |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 8,333 | $4K | No change |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 250,000 | $4K | No change |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 6,249 | $4K | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 521,975 | $2K | No change |
| CELULARITY INC | *W EXP 07/16/202 | 150,800 | $2K | No change |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | 466,666 | $2K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 97,826 | $1K | No change |
| MLECW Moolec Science SA | *W EXP 01/30/202 | 250,000 | $1K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 193,066 | $1K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 125,000 | $1K | No change |
| LTRYW Sports Entertainment-CW21 | *W EXP 10/15/202 | 100,000 | $510 | No change |
Total filed on the 13F, all lines: $6.8B.
Portfolio Sells Q3 2025 → Q4 2025
| K Kellanova | Sold out | 0.00% | −7.46 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −7.36 |
| FYBR Frontier Communications Pare | Reduce -75.5% | 0.87% | −2.72 |
| MRUS Merus NV | Sold out | 0.00% | −2.45 |
| META Meta Platforms Inc. Class A | Reduce -62.5% | 1.10% | −2.25 |
| GTLS Chart Industries Inc. | Reduce -25.8% | 6.14% | −2.09 |
| AMZN Amazon.com Inc. | Reduce -79.4% | 0.47% | −1.77 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −1.13 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −0.95 |
| NVDA Nvidia Corp. | Reduce -43.8% | 1.11% | −0.91 |
| ATI Ati Inc. | Sold out | 0.00% | −0.91 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.88 |
| CELH Celsius Holdings Inc. | Reduce -95.3% | 0.03% | −0.88 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.84 |
| MNST Monster Beverage Corp. | Reduce -89.9% | 0.10% | −0.81 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.81 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.76 |
| USFD US Foods Holding Corp. | Reduce -57.0% | 0.49% | −0.70 |
| T AT&T Inc. | Reduce -33.4% | 0.92% | −0.69 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.66 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.64 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.63 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.61 |
| BKNG Booking Holdings Inc. | Reduce -42.9% | 0.73% | −0.59 |
| RTX RTX Corp. | Reduce -69.1% | 0.28% | −0.57 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.49 |
| UBER Uber Technologies Inc. | Reduce -49.3% | 0.34% | −0.48 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.47 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.47 |
| TGNA Tegna Inc. | Reduce -93.6% | 0.03% | −0.46 |
| AS Amer Sports Inc. | Sold out | 0.00% | −0.46 |
| CNM Core & Main Inc. Class A | Reduce -53.5% | 0.32% | −0.41 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.38 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.37 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.37 |
| UAL United Airlines Holdings Inc. | Reduce -76.0% | 0.14% | −0.37 |
| RCAT Red Cat Holdings Inc. | Sold out | 0.00% | −0.36 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −0.35 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.35 |
| SCS Steelcase Inc. Class A | Sold out | 0.00% | −0.32 |
| STUB Stubhub Holdings Inc. Class A | Sold out | 0.00% | −0.32 |
| IP International Paper Co. | Sold out | 0.00% | −0.32 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.30 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.30 |
| FIVE Five Below | Sold out | 0.00% | −0.29 |
| OLLI Ollie's Bargain Outlet Holdi | Sold out | 0.00% | −0.28 |
| NVT Nvent Electric PLC | Reduce -41.7% | 0.37% | −0.26 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.25 |
| NTSK Netskope Inc. Class A | Sold out | 0.00% | −0.25 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.25 |
Portfolio Buys Q3 2025 → Q4 2025
| EXAS Exact Sciences Corp. | New | 8.84% | +8.84 |
| EA Electronic Arts Inc. | Add +287.2% | 8.23% | +6.08 |
| CFLT Confluent Inc. Class A | New | 5.49% | +5.49 |
| DAY Dayforce Inc. | New | 2.58% | +2.58 |
| NGD New Gold Inc. | New | 2.11% | +2.11 |
| CYBR Cyberark Software Ltd./Israel | Add +31.3% | 13.26% | +2.05 |
| NVTS Navitas Semiconductor Corp. | New | 1.41% | +1.41 |
| BA The Boeing Co. | New | 1.25% | +1.25 |
| B Barrick Mining Corp. | Add +374.0% | 1.49% | +1.24 |
| ECHO Echostar Corp. Class A | Add +164.4% | 1.62% | +1.18 |
| HOLX Hologic Inc. | New | 1.10% | +1.10 |
| AXTI Axt Inc. | New | 0.92% | +0.92 |
| TDY Teledyne Technologies Inc. | New | 0.92% | +0.92 |
| SGRY Surgery Partners Inc. | New | 0.75% | +0.75 |
| CDTX Cidara Therapeutics Inc. | New | 0.71% | +0.71 |
| CWAN Clearwater Analytics HDS-A | New | 0.69% | +0.69 |
| VMC Vulcan Materials Co. | Add +218.2% | 1.03% | +0.67 |
| LIN Linde PLC | New | 0.57% | +0.57 |
| CHRW C.H. Robinson Worldwide Inc. | Add +50.0% | 1.29% | +0.56 |
| CSX CSX Corp. | Add +75.5% | 1.31% | +0.56 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.55% | +0.55 |
| SEE Sealed Air Corp. | New | 0.55% | +0.55 |
| ANET Arista Networks Inc. | New | 0.54% | +0.54 |
| AVGO Broadcom Inc. | New | 0.53% | +0.53 |
| AME Ametek Inc. | New | 0.53% | +0.53 |
| CEG Constellation Energy | Add +287.9% | 0.65% | +0.49 |
| BWXT BWX Technologies Inc. | New | 0.48% | +0.48 |
| DASH DoorDash Inc. Class A | New | 0.47% | +0.47 |
| SUNC Sunococorp LLC | New | 0.46% | +0.46 |
| RBLX Roblox Corp. Class A | New | 0.45% | +0.45 |
| STX Seagate Technology Holdings | New | 0.42% | +0.42 |
| TEL Te Connectivity PLC | New | 0.42% | +0.42 |
| MIR Mirion Technologies Inc. | Add +1138.0% | 0.45% | +0.41 |
| TE T1 Energy Inc. | New | 0.40% | +0.40 |
| NVRI Enviri Corp. | Add +34.1% | 0.83% | +0.38 |
| COHR Coherent Corp. | Add +40.0% | 0.66% | +0.38 |
| FUN Six Flags Entertainment Corp. | New | 0.37% | +0.37 |
| BLCO Bausch + Lomb Corp. | Add +97.8% | 0.68% | +0.37 |
| LRCX Lam Research Corp. | New | 0.35% | +0.35 |
| MSFT Microsoft Corp. | Add +44.7% | 1.45% | +0.35 |
| SNOW Snowflake Inc. | New | 0.34% | +0.34 |
| MDLN Medline Inc. Class A | New | 0.30% | +0.30 |
| LII Lennox International Inc. | Add +81.8% | 0.70% | +0.27 |
| URI United Rentals Inc. | New | 0.25% | +0.25 |
| Z Zillow Group Inc. Class C | Add +62.2% | 0.84% | +0.24 |
| RR Richtech Robotics Inc. Class B | New | 0.23% | +0.23 |
| APG Api Group Corp. | New | 0.22% | +0.22 |
| TMUS T-Mobile US Inc. | Add +49.8% | 1.10% | +0.21 |
| HGV Hilton Grand Vacations Inc. | New | 0.21% | +0.21 |
| SNPS Synopsys Inc. | Add +66.7% | 0.48% | +0.17 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 1,565,000 | $1.1B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +1.5% | 660,000 | $405.4M |
| IWM iShares Russell 2000 ETF | put | Add +53.9% | 1,000,000 | $246.2M |
| K Kellanova | put | Sold out | 1,362,600 | $111.8Mbefore exit |
| WRBY Warby Parker Inc. Class A | call | New | 400,000 | $8.7M |
| K Kellanova | call | Sold out | 104,400 | $8.6Mbefore exit |
| CRCL Circle Internet Group Inc. | put | Sold out | 50,000 | $6.6Mbefore exit |
| ARKK ARK Innovation ETF | put | Sold out | 38,000 | $3.3Mbefore exit |
| RR Richtech Robotics Inc. Class B | call | New | 1,000,000 | $3.2M |
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
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 85,000,000 | $244.8Mbefore exit |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 190,000,000 | $188.3Mbefore exit |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +3.5% | 103,500,000 | $129.7M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +2.9% | 90,000,000 | $116.7M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +30.1% | 115,000,000 | $111.7M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Reduce -4.3% | 100,000,000 | $94.3M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +34.6% | 87,500,000 | $90.9M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Add +15.4% | 75,000,000 | $75.6M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Reduce -9.1% | 50,000,000 | $74.3M |
| ETSY INC | 1.000 06/15/30 CVT · principal | Add +80.0% | 67,500,000 | $68.4M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Reduce -35.0% | 65,000,000 | $65.0M |
| SAREPTA THERAPEUTICS INC | NOTE 4.875% 9/1/30 · principal | Sold out | 80,000,000 | $64.0Mbefore exit |
| HUAZHU GROUP LTD | NOTE 1.500% 7/1/27 · principal | Reduce -3.1% | 47,500,000 | $63.0M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +40.0% | 70,000,000 | $62.4M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +12.5% | 45,000,000 | $57.3M |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | Add +9.1% | 60,000,000 | $57.1M |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | Add +8.8% | 43,500,000 | $50.4M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 47,500,000 | $49.9Mbefore exit |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Add +26.5% | 52,500,000 | $49.5M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Reduce -3.5% | 50,000,000 | $49.0M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Add +9.9% | 50,000,000 | $44.9M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +28.2% | 45,000,000 | $40.8M |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | New | 40,000,000 | $39.9M |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | New | 40,000,000 | $36.7M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Reduce -12.5% | 35,000,000 | $35.9M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Sold out | 25,000,000 | $35.1Mbefore exit |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Sold out | 35,000,000 | $34.8Mbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | New | 23,500,000 | $26.7M |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | New | 25,000,000 | $26.3M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | Add +15.0% | 23,000,000 | $21.6M |
| CLEANSPARK INC (CLSK 0 02/15/32) | FIXED INCOME · principal | New | 28,000,000 | $21.0M |
| KARYOPHARM THERAPEUTICS (KPTI 6 05/13/29 *) | NOTE 6.000% 5/1 · principal | Sold out | 30,000,000 | $20.9Mbefore exit |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | New | 20,000,000 | $20.7M |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | Reduce -7.4% | 25,000,000 | $20.1M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Sold out | 12,500,000 | $19.0Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Add +21.9% | 20,000,000 | $18.8M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -44.4% | 10,000,000 | $14.2M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 15,000,000 | $13.2Mbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Reduce -66.7% | 10,000,000 | $11.2M |
| FASTLY INC (FSLY 7.75 06/01/28) | NOTE 7.750% 6/0 · principal | New | 10,000,000 | $11.0M |
| FASTLY INC | NOTE 0.0% 12/15/30 · principal | New | 5,000,000 | $4.9M |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | Sold out | 100,000 | $210Kbefore exit |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | Sold out | 125,000 | $210Kbefore exit |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | Reduce -20.0% | 280,000 | $183K |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | Sold out | 143,750 | $76Kbefore exit |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | Sold out | 328,700 | $46Kbefore exit |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | Sold out | 533,333 | $5Kbefore exit |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | Sold out | 142,406 | $2Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 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 |