Elequin Capital, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Elequin Capital, LP reported 307 stock positions worth $312.7 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 24.6% of the portfolio, followed by Fidelity Wise Origin Bitcoin (FBTC, 11.7%) and Fidelity Ethereum Fund (FETH, 6.4%). Compared with Q1 2025, it opened 181 new positions, sold out of 156, added to 73 and reduced 42. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +807%) and the biggest sale an exit from Microsoft (MSFT).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001810873
- Portfolio Value
- $312.7M (Q2 2025)
- SEC Filing
- 0001420506-25-001809 ↗ filed Aug 11, 2025
Holdings Value
Holdings 307 stocks · $312.7M
| IBIT iShares Bitcoin Trust ETF | 24.58% | 1,255,682 | $76.9M | Add +807.0% |
| FBTC Fidelity Wise Origin Bitcoin | 11.72% | 390,010 | $36.7M | New |
| FETH Fidelity Ethereum Fund | 6.39% | 793,745 | $20.0M | Add +107.4% |
| ETHA iShares Ethereum Trust ETF | 4.35% | 712,497 | $13.6M | Add +9277.4% |
| ETH Grayscale Ethereum Staking M | 4.10% | 539,978 | $12.8M | Add +54.0% |
| ARKB ARK 21SHARES Bitcoin ETF | 3.21% | 280,830 | $10.1M | Add +31312.8% |
| ETHW Bitwise Ethereum ETF | 2.67% | 462,025 | $8.3M | Add +22716.0% |
| TSLA Tesla Inc. | 2.42% | 23,860 | $7.6M | Reduce -78.6% |
| CWB SS SPDR BB Conv Sec ETF | 2.29% | 86,501 | $7.2M | New |
| BTC Grayscale Bitcoin Mini ETF | 2.08% | 135,924 | $6.5M | Add +17598.4% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 1.69% | 13,111 | $5.3M | Reduce -58.9% |
| SMCI Super Micro Computer Inc. | 1.58% | 100,795 | $4.9M | Add +10.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.43% | 88,004 | $4.5M | New |
| PLTR Palantir Technologies Inc. Class A | 1.20% | 27,579 | $3.8M | Add +79.4% |
| VSDM Vanguard Short Tax-Ex Bond | 0.97% | 39,920 | $3.0M | New |
| FTHI Fthi/First Trust Exchange-TR | 0.93% | 126,702 | $2.9M | New |
| BSMY Invesco Bulletshares 2034 MB | 0.86% | 113,360 | $2.7M | Add +28.7% |
| INCM Franklin Income Focus ETF | 0.81% | 93,095 | $2.5M | Add +491.2% |
| SCMB Schwab Municipal Bond ETF | 0.81% | 100,000 | $2.5M | New |
| MUB iShares National Muni Bond E | 0.78% | 23,425 | $2.4M | Add +431.3% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 0.77% | 47,570 | $2.4M | New |
| CLOX Eldridge Aaa Clo ETF | 0.75% | 91,199 | $2.3M | New |
| BRRR Coinshares Bitcoin ETF | 0.75% | 76,538 | $2.3M | Add +3513.7% |
| PYLD PIMCO Multisector Bond Actv | 0.74% | 87,532 | $2.3M | New |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.73% | 45,444 | $2.3M | New |
| VTES Vanguard SH Term Tax-Ex Bond | 0.70% | 21,743 | $2.2M | Add +4231.3% |
| BITB Bitwise Bitcoin ETF | 0.69% | 37,045 | $2.2M | Add +2205.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.67% | 3,788 | $2.1M | Reduce -19.8% |
| BSMR Invesco Bulletshares 2027 MB | 0.67% | 89,011 | $2.1M | New |
| PHYS Sprott Physical Gold Trust | 0.58% | 71,543 | $1.8M | Reduce -51.9% |
| SHYM iShares Short Duration High | 0.55% | 76,652 | $1.7M | Add +179.2% |
| VCRM Vanguard Core Tax-Ex Bond | 0.53% | 22,545 | $1.7M | New |
| FCAL First Trust California Munic | 0.51% | 32,962 | $1.6M | New |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | 0.50% | 29,464 | $1.6M | Add +809.9% |
| COIN Coinbase Global Inc. Class A | 0.45% | 4,047 | $1.4M | Reduce -75.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.44% | 27,808 | $1.4M | New |
| CGMU Cap Group Municipal Income | 0.42% | 49,034 | $1.3M | Add +0.2% |
| FCVT First Trust Ssi Strategi ETF | 0.40% | 32,059 | $1.2M | Reduce -52.9% |
| SLV iShares Silver Trust | 0.39% | 37,210 | $1.2M | Add +6153.8% |
| NVDA Nvidia Corp. | 0.38% | 7,535 | $1.2M | Reduce -96.2% |
| BSMU Invesco Bulletshares 2030 MB | 0.33% | 47,654 | $1.0M | New |
| HEFA Isha Curr Hedged MSCI Eafe | 0.33% | 26,891 | $1.0M | Reduce -24.2% |
| IBMS ISHARESIBONDDEC2030MUNIBDETF | 0.33% | 39,691 | $1.0M | New |
| MMIN Nylim Mackay Muni Insured Et filed as NEW YORK LIFE INVTS ACTIVE E | 0.30% | 40,000 | $932K | New |
| HYGH iShares Int Rate Hedg HY ETF | 0.30% | 10,667 | $923K | New |
| BKLN Invesco Senior Loan ETF | 0.26% | 38,645 | $808K | Add +41.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 1,272 | $786K | Add +117.1% |
| CGHM Cap Group Muni High-Income | 0.25% | 31,656 | $780K | New |
| BMAX Rex Bitcoin Cor Tre Co. B ETF | 0.25% | 26,160 | $777K | New |
| SHYD Vaneck SH Hi YLD Muni | 0.23% | 31,872 | $720K | New |
| GOOGL Alphabet Inc. Class A | 0.22% | 3,842 | $677K | Add +828.0% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 0.21% | 27,641 | $659K | New |
| TLT iShares 20+ Year Treasury BD | 0.21% | 7,345 | $648K | Add +674.8% |
| BSMQ Invesco Bulletshares 2026 MB | 0.21% | 27,234 | $642K | New |
| VRP Invesco Variable Rate Prefer | 0.20% | 25,952 | $635K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.20% | 7,716 | $630K | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.20% | 7,777 | $627K | Reduce -51.2% |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.20% | 45,072 | $613K | Add +536.7% |
| CVRT Calamos Conv Eqty Alt ETF | 0.19% | 18,630 | $597K | New |
| MINO PIMCO Municipal Income Oppor | 0.18% | 12,483 | $552K | New |
| FBCG Fidelity Blue Chip Grow ETF | 0.17% | 11,145 | $538K | Reduce -65.0% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.17% | 61,257 | $536K | New |
| NZF Nuveen Municipal Credit Inc. | 0.16% | 42,314 | $504K | Add +413.8% |
| BST BlackRock Science & Tech TR | 0.16% | 13,024 | $497K | Add +2059.9% |
| HYT BlackRock Corp. Hi YLD | 0.16% | 50,918 | $496K | Add +1026.8% |
| ECAT BlackRock ESG Cap All TRM TR | 0.16% | 30,360 | $488K | Add +33.0% |
| DSL Doubleline Income Solutions | 0.16% | 39,816 | $487K | New |
| UPS United Parcel Service Class B | 0.15% | 4,732 | $478K | New |
| FSMB First Trust Short Dur Manag | 0.15% | 23,928 | $476K | New |
| CLOB Vaneck Aa-BB Clo ETF | 0.14% | 8,789 | $447K | New |
| RVT Royce Small-Cap Trust Inc. | 0.14% | 29,323 | $441K | Add +2476.7% |
| USA Liberty All Star Equity Fund | 0.14% | 63,351 | $431K | Add +123.7% |
| ETHV Vaneck Ethereum ETF | 0.14% | 11,443 | $422K | Reduce -94.8% |
| BTX BlackRock Tech & Priv Eqty | 0.13% | 56,526 | $415K | New |
| UCON First Trust Smith Unconstrai | 0.13% | 15,763 | $392K | Reduce -94.2% |
| CSQ Calamos Strat TTL RTRN FND | 0.12% | 20,704 | $378K | New |
| HQH Abrdn Healthcare Investors | 0.12% | 23,692 | $367K | New |
| FMB First Trust Managed Municipa | 0.12% | 7,252 | $361K | New |
| CMF iShares California Muni Bond | 0.11% | 6,090 | $339K | New |
| JMBS Janus Henderson Mortg Backed | 0.11% | 7,496 | $338K | New |
| WDI Western Asset Divers Inc. | 0.11% | 22,377 | $332K | Add +158.5% |
| IWD iShares Russell 1000 Value E | 0.10% | 1,691 | $328K | Reduce -16.6% |
| FCX Freeport-McMoran Inc. | 0.10% | 7,382 | $320K | New |
| JMUB JPMorgan Municipal ETF | 0.09% | 5,920 | $294K | New |
| AMD Advanced Micro Devices | 0.09% | 2,046 | $290K | Reduce -74.1% |
| PDO PIMCO Dynamic Income Opport | 0.09% | 21,517 | $290K | Add +85.9% |
| PG The Procter & Gamble Co. | 0.09% | 1,776 | $283K | New |
| PCN PIMCO Corporate & Income STR | 0.09% | 22,203 | $282K | New |
| JPIE JPMorgan Income ETF | 0.09% | 5,969 | $276K | New |
| MYI BlackRock Muniyield QLTY III | 0.09% | 26,335 | $276K | New |
| DLY Doubleline Yield Opport | 0.09% | 17,451 | $272K | New |
| PTA Cohen & Steers Tax-Advantage | 0.08% | 13,360 | $265K | Add +2235.7% |
| NYF iShares New York Muni Bond E | 0.08% | 4,916 | $256K | Reduce -72.7% |
| TIP iShares Tips Bond ETF | 0.08% | 2,298 | $253K | New |
| AMLP Alerian MLP ETF | 0.08% | 5,156 | $252K | Reduce -20.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.08% | 1,108 | $251K | Add +1008.0% |
| MLPX Global X MLP & Energy Infras | 0.08% | 3,979 | $249K | New |
| PNC PNC Financial Services Group | 0.08% | 1,322 | $246K | New |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.07% | 16,309 | $232K | New |
| BCX BlackRock Resources & Commod | 0.07% | 24,252 | $229K | New |
Options reported separately and not counted above: ETHU puts ($3.7M), GOOGL puts ($3.2M), META puts ($2.5M), GOOGL calls ($2.4M), AMZN puts ($2.1M), AMD puts ($1.6M), META calls ($1.6M), PANW calls ($1.5M), AMAT calls ($1.5M), UBER calls ($1.3M), XOM calls ($1.2M), TSM puts ($1.1M), and 41 more.
Other holdings (10): bonds, preferreds, convertibles and warrants · $411.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 49,192,000 | $192.6M | Add +457.2% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 35,000,000 | $74.3M | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 1,134,000 | $45.0M | New |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 29,597,000 | $41.7M | New |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 5,381,000 | $34.0M | New |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 12,648,000 | $20.9M | New |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 2,500,000 | $2.9M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 100 | $5K | New |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 47,317 | $4K | No change |
| OIOWW Esgl Holdings Ltd.-28 | *W EXP 08/02/202 | 20,000 | $620 | No change |
Total filed on the 13F, all lines: $724.1M.
Portfolio Sells Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Sold out | 0.00% | −17.98 |
| AAPL Apple Inc. | Reduce -99.8% | 0.03% | −16.04 |
| META Meta Platforms Inc. Class A | Reduce -99.7% | 0.06% | −15.53 |
| NVDA Nvidia Corp. | Reduce -96.2% | 0.38% | −5.35 |
| TSLA Tesla Inc. | Reduce -78.6% | 2.42% | −5.19 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -98.9% | 0.06% | −4.19 |
| UCON First Trust Smith Unconstrai | Reduce -94.2% | 0.13% | −1.66 |
| ICVT iShares Convertible Bond ETF | Sold out | 0.00% | −1.64 |
| SUB iShares Short-Term National | Sold out | 0.00% | −1.56 |
| BTCW Wisdomtree Bitcoin Fund | Reduce -97.5% | 0.06% | −1.42 |
| ETHV Vaneck Ethereum ETF | Reduce -94.8% | 0.14% | −1.41 |
| IJS iShares S&P Small-Cap 600 Va | Sold out | 0.00% | −0.93 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -98.2% | 0.02% | −0.74 |
| MSTR Strategy Inc. | Reduce -58.9% | 1.69% | −0.73 |
| HYD Vaneck High Yield Muni ETF | Sold out | 0.00% | −0.61 |
| VTEC Vanguard Ca Tax-Ex Bond | Sold out | 0.00% | −0.57 |
| PZT Invesco New York Amt-Free Mu | Reduce -94.0% | 0.04% | −0.47 |
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -99.9% | 0.00% | −0.43 |
| DFNM Dimensional National Muni BD | Sold out | 0.00% | −0.42 |
| NVDY Yieldmax Nvda Option Inc. ETF | Sold out | 0.00% | −0.38 |
| PHYS Sprott Physical Gold Trust | Reduce -51.9% | 0.58% | −0.36 |
| SRLN SS Blackstone Sr Loan ETF | Sold out | 0.00% | −0.31 |
| COIN Coinbase Global Inc. Class A | Reduce -75.2% | 0.45% | −0.29 |
| FIXD First Trust Smith Opportunis | Sold out | 0.00% | −0.29 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.27 |
| CGSM Cap Group Short Muni Income | Sold out | 0.00% | −0.24 |
| FCVT First Trust Ssi Strategi ETF | Reduce -52.9% | 0.40% | −0.23 |
| BSMP Invesco Bulletshares 2025 MB | Sold out | 0.00% | −0.20 |
| NYF iShares New York Muni Bond E | Reduce -72.7% | 0.08% | −0.17 |
| FBCG Fidelity Blue Chip Grow ETF | Reduce -65.0% | 0.17% | −0.16 |
| BOND PIMCO Active Bond Exchange-T | Sold out | 0.00% | −0.15 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -51.2% | 0.20% | −0.13 |
| BCAT BlackRock Capital Alloc TR | Sold out | 0.00% | −0.13 |
| AMD Advanced Micro Devices | Reduce -74.1% | 0.09% | −0.12 |
| UTG Reaves Utility Income Fund | Sold out | 0.00% | −0.09 |
| IWP iShares Russell Mid-Cap Grow | Reduce -97.3% | 0.00% | −0.09 |
| BDJ BlackRock Enhanced Eqty DVD | Sold out | 0.00% | −0.08 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.07 |
| NMZ Nuveen Muni Hi Inc. Opport | Sold out | 0.00% | −0.07 |
| CBRE GBL REAL ESTATE INC FD | Sold out | 0.00% | −0.06 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.06 |
| RQI Cohen & Steers Qual Inc. RLTY | Reduce -97.7% | 0.00% | −0.06 |
| ETV Eaton Vance T/M Buy-Writ Opp | Sold out | 0.00% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.05 |
| EOS Eaton Vance Enh Eqt Inc. II | Sold out | 0.00% | −0.05 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.04 |
| XCHYX Calamos Convert & High Inc. | Sold out | 0.00% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.04 |
| BIT BlackRock Multi-Sector Inc. | Sold out | 0.00% | −0.04 |
| ETW Eaton Vance T/M GLBL Buy-WR | Sold out | 0.00% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| IBIT iShares Bitcoin Trust ETF | Add +807.0% | 24.58% | +22.87 |
| FBTC Fidelity Wise Origin Bitcoin | New | 11.72% | +11.72 |
| FETH Fidelity Ethereum Fund | Add +107.4% | 6.39% | +4.55 |
| ETHA iShares Ethereum Trust ETF | Add +9277.4% | 4.35% | +4.32 |
| ARKB ARK 21SHARES Bitcoin ETF | Add +31312.8% | 3.21% | +3.21 |
| ETHW Bitwise Ethereum ETF | Add +22716.0% | 2.67% | +2.66 |
| ETH Grayscale Ethereum Staking M | Add +54.0% | 4.10% | +2.50 |
| CWB SS SPDR BB Conv Sec ETF | New | 2.29% | +2.29 |
| BTC Grayscale Bitcoin Mini ETF | Add +17598.4% | 2.08% | +2.07 |
| JMST JPM Ultra-Short Muni Income | New | 1.43% | +1.43 |
| VSDM Vanguard Short Tax-Ex Bond | New | 0.97% | +0.97 |
| FTHI Fthi/First Trust Exchange-TR | New | 0.93% | +0.93 |
| PLTR Palantir Technologies Inc. Class A | Add +79.4% | 1.20% | +0.86 |
| SCMB Schwab Municipal Bond ETF | New | 0.81% | +0.81 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | New | 0.77% | +0.77 |
| SMCI Super Micro Computer Inc. | Add +10.3% | 1.58% | +0.75 |
| CLOX Eldridge Aaa Clo ETF | New | 0.75% | +0.75 |
| PYLD PIMCO Multisector Bond Actv | New | 0.74% | +0.74 |
| BRRR Coinshares Bitcoin ETF | Add +3513.7% | 0.75% | +0.73 |
| SMMU PIMCO SHRT TRM Muni BND ETF | New | 0.73% | +0.73 |
| INCM Franklin Income Focus ETF | Add +491.2% | 0.81% | +0.69 |
| VTES Vanguard SH Term Tax-Ex Bond | Add +4231.3% | 0.70% | +0.69 |
| BITB Bitwise Bitcoin ETF | Add +2205.2% | 0.69% | +0.68 |
| BSMR Invesco Bulletshares 2027 MB | New | 0.67% | +0.67 |
| MUB iShares National Muni Bond E | Add +431.3% | 0.78% | +0.66 |
| VCRM Vanguard Core Tax-Ex Bond | New | 0.53% | +0.53 |
| FCAL First Trust California Munic | New | 0.51% | +0.51 |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | Add +809.9% | 0.50% | +0.46 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.44% | +0.44 |
| SLV iShares Silver Trust | Add +6153.8% | 0.39% | +0.39 |
| SHYM iShares Short Duration High | Add +179.2% | 0.55% | +0.38 |
| BSMU Invesco Bulletshares 2030 MB | New | 0.33% | +0.33 |
| IBMS ISHARESIBONDDEC2030MUNIBDETF | New | 0.33% | +0.33 |
| BSMY Invesco Bulletshares 2034 MB | Add +28.7% | 0.86% | +0.30 |
| MMIN Nylim Mackay Muni Insured Et | New | 0.30% | +0.30 |
| HYGH iShares Int Rate Hedg HY ETF | New | 0.30% | +0.30 |
| CGHM Cap Group Muni High-Income | New | 0.25% | +0.25 |
| BMAX Rex Bitcoin Cor Tre Co. B ETF | New | 0.25% | +0.25 |
| SHYD Vaneck SH Hi YLD Muni | New | 0.23% | +0.23 |
| MMIT Nylim Mackay Muni Intermedia | New | 0.21% | +0.21 |
| BSMQ Invesco Bulletshares 2026 MB | New | 0.21% | +0.21 |
| VRP Invesco Variable Rate Prefer | New | 0.20% | +0.20 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.20% | +0.20 |
| GOOGL Alphabet Inc. Class A | Add +828.0% | 0.22% | +0.20 |
| CVRT Calamos Conv Eqty Alt ETF | New | 0.19% | +0.19 |
| TLT iShares 20+ Year Treasury BD | Add +674.8% | 0.21% | +0.18 |
| MINO PIMCO Municipal Income Oppor | New | 0.18% | +0.18 |
| XEXGX Eaton Vance Tax-Managed Glob | New | 0.17% | +0.17 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +536.7% | 0.20% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +117.1% | 0.25% | +0.16 |
Options Activity Q1 2025 → Q2 2025
| AAPL Apple Inc. | put | Sold out | 278,000 | $61.8Mbefore exit |
| TSLA Tesla Inc. | put | Sold out | 104,100 | $27.0Mbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 237,500 | $25.7Mbefore exit |
| ETHU 2X Ether ETF | put | New | 65,000 | $3.7M |
| GOOGL Alphabet Inc. Class A | put | Reduce -43.8% | 18,000 | $3.2M |
| META Meta Platforms Inc. Class A | put | Reduce -96.8% | 3,400 | $2.5M |
| GOOGL Alphabet Inc. Class A | call | Reduce -30.3% | 13,600 | $2.4M |
| AMZN Amazon.com Inc. | put | Reduce -71.7% | 9,500 | $2.1M |
| AMD Advanced Micro Devices | put | Reduce -51.1% | 11,500 | $1.6M |
| META Meta Platforms Inc. Class A | call | Add +2100.0% | 2,200 | $1.6M |
| PANW Palo Alto Networks Inc. | call | New | 7,500 | $1.5M |
| AMAT Applied Materials Inc. | call | New | 8,000 | $1.5M |
| UBER Uber Technologies Inc. | call | New | 14,000 | $1.3M |
| XOM Exxon Mobil Corp. | call | New | 11,000 | $1.2M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +42.9% | 5,000 | $1.1M |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 2,200 | $1.0Mbefore exit |
| AMD Advanced Micro Devices | call | Add +600.0% | 7,000 | $993K |
| AMAT Applied Materials Inc. | put | Sold out | 6,800 | $987Kbefore exit |
| SHEL Shell PLC-ADR | call | Sold out | 11,500 | $843Kbefore exit |
| SNOW Snowflake Inc. | call | New | 3,700 | $828K |
| PYPL PayPal Holdings Inc. | put | New | 11,000 | $818K |
| TSLA Tesla Inc. | call | Sold out | 3,000 | $777Kbefore exit |
| CAT Caterpillar Inc. | put | New | 1,900 | $738K |
| SLB SLB Ltd. | call | New | 21,500 | $727K |
| PANW Palo Alto Networks Inc. | put | Add +16.7% | 3,500 | $716K |
| CVNA Carvana Co. | call | New | 2,000 | $674K |
| AMZN Amazon.com Inc. | call | Reduce -18.9% | 3,000 | $658K |
| SBUX Starbucks Corp. | call | New | 7,100 | $651K |
| MNST Monster Beverage Corp. | call | New | 10,000 | $626K |
| SE Sea Ltd.-ADR | call | Sold out | 4,000 | $522Kbefore exit |
| COST Costco Wholesale Corp. | call | Sold out | 500 | $473Kbefore exit |
| TSM Taiwan Semiconductor-SP ADR | call | New | 2,000 | $453K |
| PLTR Palantir Technologies Inc. Class A | put | New | 3,000 | $409K |
| MSFT Microsoft Corp. | call | Add +33.3% | 800 | $398K |
| ZM Zoom Communications Inc. | call | Reduce -50.0% | 5,000 | $390K |
| FCX Freeport-McMoran Inc. | put | New | 8,500 | $368K |
| SHEL Shell PLC-ADR | put | New | 5,000 | $352K |
| FCX Freeport-McMoran Inc. | call | New | 8,000 | $347K |
| VZ Verizon Communications Inc. | call | New | 8,000 | $346K |
| COIN Coinbase Global Inc. Class A | put | Sold out | 2,000 | $344Kbefore exit |
| C Citigroup Inc. | put | New | 4,000 | $340K |
| OXY Occidental Petroleum Corp. | call | New | 7,800 | $328K |
| UBER Uber Technologies Inc. | put | New | 3,500 | $327K |
| PG The Procter & Gamble Co. | put | New | 2,000 | $319K |
| NVDA Nvidia Corp. | call | Reduce -71.4% | 2,000 | $316K |
| RCL Royal Caribbean Cruises Ltd. | call | New | 1,000 | $313K |
| DIS The Walt Disney Co. | call | New | 2,500 | $310K |
| MSFT Microsoft Corp. | put | Reduce -99.7% | 600 | $298K |
| CVX Chevron Corp. | put | New | 2,000 | $286K |
| TSN Tyson Foods Inc. Class A | put | New | 5,000 | $280K |
Showing the first 50 of 66.
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
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Add +457.2% | 49,192,000 | $192.6M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | New | 35,000,000 | $74.3M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 25,179,000 | $62.0Mbefore exit |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | New | 1,134,000 | $45.0M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | New | 29,597,000 | $41.7M |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Sold out | 26,650,000 | $34.1Mbefore exit |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | New | 5,381,000 | $34.0M |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 13,473,000 | $27.1Mbefore exit |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | New | 12,648,000 | $20.9M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 1,116,000 | $3.8Mbefore exit |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | New | 2,500,000 | $2.9M |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | Sold out | 2,000,000 | $2.0Mbefore exit |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | Sold out | 1,000,000 | $1.2Mbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Sold out | 20,000 | $1.2Mbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Sold out | 19,000 | $836Kbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Sold out | 15,000 | $710Kbefore exit |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 100 | $5K |
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | Sold out | 16,105 | $483before 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 | 650 | $579.9M | NVDA, MSFT, AAPL, INTC, AMZN |
| Q1 2026 | 599 | $321.0M | NVDA, SPY, BSMT, TLT, CLOA |
| Q4 2025 | 374 | $650.7M | MSFT, TSLA, NVDA, BSOL, AMZN |
| Q3 2025 | 116 | $1.2B | SEA LTD (SEALTD 2.375 12/01/25), TSLA, MSFT, TSM, AMZN |
| Q2 2025 | 307 | $312.7M | IBIT, FBTC, FETH, ETHA, ETH |
| Q1 2025 | 282 | $379.0M | MSFT, AAPL, META, TSLA, NVDA |
| Q4 2024 | 487 | $646.0M | AAPL, MSFT, NVDA, ETH, ETHW |
| Q3 2024 | 360 | $44.6M | BITB, CWB, ARKB, FCVT, CVRT |
| Q2 2024 | 184 | $146.8M | ARKB, BITB, CWB, VTEB, CVRT |
| Q1 2024Amended | 225 | $162.6M | BITB, ARKB, FBTC, CVRT, CWB |