Governors Lane LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Governors Lane LP reported 114 stock positions worth $1.1 billion. Its top holding was Warner Bros Discovery (WBD) at 6.0% of the portfolio, followed by Norfolk Southern (NSC, 5.3%) and TXNM Energy (TXNM, 4.9%). Compared with Q3 2025, it opened 46 new positions, sold out of 26, added to 41 and reduced 11. The biggest buy was Electronic Arts (EA, shares +727%) and the biggest sale Ventas (VTR, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001644187
- Portfolio Value
- $1.1B (Q4 2025)
- SEC Filing
- 0001644187-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 114 stocks · $1.1B
| WBD Warner Bros Discovery Inc. | 6.04% | 2,256,926 | $65.0M | Add +114.5% |
| NSC Norfolk Southern Corp. | 5.29% | 197,303 | $57.0M | Add +46.9% |
| TXNM TXNM Energy Inc. | 4.93% | 901,464 | $53.1M | Add +30.4% |
| EA Electronic Arts Inc. | 4.44% | 234,018 | $47.8M | Add +727.3% |
| TSM Taiwan Semiconductor-SP ADR | 3.35% | 118,793 | $36.1M | Add +12.7% |
| AMZN Amazon.com Inc. | 3.32% | 154,973 | $35.8M | Add +197.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.04% | 594,965 | $32.7M | Reduce -17.8% |
| VTR Ventas Inc. | 2.76% | 384,596 | $29.8M | Reduce -30.0% |
| CRBG Corebridge Financial Inc. | 2.24% | 800,000 | $24.1M | Add +123.6% |
| KKR KKR & Co. Inc. | 2.21% | 186,636 | $23.8M | Add +18.4% |
| ECHO Echostar Corp. Class A | 1.99% | 197,118 | $21.4M | Reduce -11.6% |
| ALLY Ally Financial Inc. | 1.93% | 459,482 | $20.8M | Add +112.7% |
| NKE Nike Inc. Class B | 1.76% | 297,322 | $18.9M | Add +20.5% |
| HOLX Hologic Inc. | 1.76% | 253,986 | $18.9M | New |
| FIS Fidelity National Info Serv | 1.63% | 264,358 | $17.6M | Reduce -26.2% |
| NIQ Niq Global Intelligence PLC | 1.53% | 1,000,000 | $16.5M | Add +76.9% |
| CDTX Cidara Therapeutics Inc. | 1.28% | 62,325 | $13.8M | New |
| CEPT Cantor Equity Partners Class A | 1.22% | 1,169,022 | $13.2M | Reduce -0.8% |
| QRVO Qorvo Inc. | 1.22% | 155,180 | $13.1M | New |
| NWAX.U New America Acquisition I Co. | 1.16% | 1,204,637 | $12.5M | New |
| EXAS Exact Sciences Corp. | 1.14% | 121,415 | $12.3M | New |
| ASML ASML Holding NV-NY Reg SHS | 1.12% | 11,316 | $12.1M | New |
| AMAT Applied Materials Inc. | 1.10% | 46,032 | $11.8M | New |
| FERA Fifth Era Acquisition Corp. Class A | 1.07% | 1,124,952 | $11.6M | Reduce 0.0% |
| PMTR Perimeter Acquis Corp. I Class A | 1.07% | 1,116,900 | $11.5M | Reduce -4.3% |
| KBONU Karbon Capital Partners Corp. | 1.03% | 1,100,000 | $11.1M | New |
| PCAP Procap Acquisition Corp. Class A | 1.00% | 1,063,797 | $10.8M | No change |
| MRLN Merlin Inc. filed as INFLECTION POINT ACQUISITION | 1.00% | 1,000,700 | $10.7M | Add +100.1% |
| RKT Rocket Cos Inc. Class A | 0.96% | 535,597 | $10.4M | Add +19.0% |
| AEXA American Exceptionalism Class A | 0.96% | 903,563 | $10.3M | Add +93.0% |
| EVOX Evolution Global Acquis Class A | 0.95% | 1,039,500 | $10.3M | New |
| RDAG Republic Digital Acquis Class A | 0.94% | 997,199 | $10.1M | Reduce -0.3% |
| HCMA HCM III Acquisition Cor Class A | 0.93% | 1,000,000 | $10.0M | Add +25.0% |
| CEPV Cantor Equity Partners Class A | 0.92% | 971,470 | $10.0M | New |
| SVAQU Silicon Valley Acquisition C | 0.92% | 1,000,000 | $9.9M | New |
| RTAC Renatus Tactical Acquisiti-A | 0.87% | 880,333 | $9.4M | Add +18.5% |
| CHAC Crane Harbor Acqu Corp. Class A | 0.85% | 850,000 | $9.2M | Add +61.9% |
| CEPF Cantor Equity Partners Class A | 0.84% | 877,821 | $9.0M | Add +149.2% |
| RNAM Avidity Biosciences Inc. | 0.82% | 122,733 | $8.9M | New |
| UWMC Uwm Holdings Corp. | 0.81% | 2,000,000 | $8.8M | New |
| NPAC New Providence Acquisition-A | 0.81% | 850,000 | $8.7M | Add +30.8% |
| IVZ Invesco Ltd. | 0.81% | 330,929 | $8.7M | Add +32.5% |
| FCRS Futurecrest Acquisition Class A | 0.80% | 850,000 | $8.6M | Add +750.0% |
| SBXDF Silverbox Corp. IV-A | 0.74% | 753,177 | $8.0M | No change |
| ATII Archimedes Tech Spac Partner | 0.73% | 758,617 | $7.9M | Add +1.1% |
| DRDB Roman DBDR Acquisition Corp. | 0.73% | 750,100 | $7.8M | Add +15.4% |
| DAAQ Digital Asset Acquisiti Class A | 0.72% | 760,418 | $7.7M | No change |
| CRANU Crane Harbor Acquisition Cor | 0.70% | 750,000 | $7.6M | New |
| AES AES Corp. | 0.69% | 514,760 | $7.4M | Add +134.6% |
| WENN Wen Acquisition Corp. Class A | 0.68% | 730,000 | $7.4M | No change |
| PLMK Plum Acquisition Corp. IV | 0.68% | 700,000 | $7.3M | Add +133.3% |
| GTEN Gores Holdings X Inc. Class A | 0.64% | 672,658 | $6.9M | Add +91.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.61% | 19,677 | $6.6M | New |
| BL Blackline Inc. | 0.61% | 118,602 | $6.6M | New |
| BEAG Bold Eagle Acquisition Cor-A | 0.59% | 600,000 | $6.3M | Add +20.0% |
| TECK Teck Resources Ltd.-CLS B | 0.57% | 127,151 | $6.1M | New |
| ALUB.U Alussa Energy Acquisition Co. | 0.56% | 600,000 | $6.1M | New |
| XYZ Block Inc. | 0.56% | 92,438 | $6.0M | Reduce -21.3% |
| ESS Essex Property Trust Inc. | 0.55% | 22,755 | $6.0M | Add +7.2% |
| JHG Janus Henderson Group PLC | 0.55% | 125,000 | $5.9M | New |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.54% | 138,400 | $5.8M | New |
| CSGS CSG Systems Intl Inc. | 0.52% | 72,540 | $5.6M | New |
| PLYM Plymouth Industrial REIT Inc. | 0.50% | 244,644 | $5.4M | New |
| ONCH 1RT Acquisition Corp. Class A | 0.49% | 522,663 | $5.3M | Add +14.0% |
| GFUZ General Fusion Group Ltd. filed as SPRING VY ACQUISITION CORP I | 0.47% | 500,779 | $5.1M | Add +73.6% |
| SZZL Sizzle Acquisition Corp. Class A | 0.47% | 500,000 | $5.1M | No change |
| MESHU Meshflow Acquisition Corp. | 0.46% | 500,000 | $5.0M | New |
| TVA Texas Ventures Acquisition-A | 0.46% | 468,058 | $5.0M | Add +11.5% |
| KMB Kimberly-Clark Corp. | 0.44% | 47,388 | $4.8M | New |
| KOYN CSLM Digital Asset Acqu - A | 0.44% | 477,176 | $4.7M | Add +190.4% |
| KCHV Kochav Defense Acquisition-A | 0.42% | 450,000 | $4.6M | No change |
| RAAQ Real Asset Acquisiti Class A | 0.41% | 432,056 | $4.4M | Add +0.7% |
| PAII Pyrophyte Acquisition Corp. Class A | 0.39% | 416,789 | $4.2M | Add +4.2% |
| RNGT Range Capital Acquisit Class A | 0.39% | 418,870 | $4.2M | New |
| SBXE.U Silverbox Corp. V | 0.37% | 400,000 | $4.0M | New |
| NTWO Newbury Street II Ac Class A | 0.34% | 350,000 | $3.7M | No change |
| LPCVU Launchpad Cadenza Acquisitio | 0.32% | 350,000 | $3.5M | New |
| LWAC Lightwave Acquisition Corp. Class A | 0.32% | 342,966 | $3.4M | Add +14.3% |
| CCII Cohen Circle Acquisit II - A | 0.31% | 329,018 | $3.4M | Add +9.7% |
| OACC Oaktree Acquisition Corp. I-A | 0.29% | 300,000 | $3.2M | No change |
| BACC Blue Acquisition Corp. Class A | 0.28% | 300,000 | $3.1M | Add +50.0% |
| AIG American International Group | 0.28% | 35,449 | $3.0M | New |
| AXIN Axiom Intelligence Class A | 0.28% | 300,000 | $3.0M | No change |
| AHR American Healthcare REIT Inc. | 0.28% | 64,100 | $3.0M | New |
| TDS Telephone and Data Systems | 0.28% | 72,777 | $3.0M | Reduce -4.1% |
| APXT Apex Treasury Corp. Class A | 0.28% | 300,000 | $3.0M | New |
| UNF Unifirst Corp. | 0.27% | 15,100 | $2.9M | New |
| SEE Sealed Air Corp. | 0.26% | 68,000 | $2.8M | New |
| NHIC Newhold Investment Cor III-A | 0.24% | 254,190 | $2.6M | Add +1.7% |
| RANG Range Capital Acquisition Co. | 0.24% | 250,000 | $2.6M | New |
| DMAA Drugs Made in America Acquis | 0.24% | 250,000 | $2.6M | Add +2132.1% |
| AACB Artius II Acquisition Inc. Class A | 0.24% | 250,000 | $2.6M | No change |
| GSRF GSR IV Acquisition Corp. Class A | 0.23% | 250,000 | $2.5M | New |
| SAC.U Safeguard Acquisition Corp. | 0.23% | 241,649 | $2.4M | New |
| TDAC Translational Development Ac | 0.20% | 204,229 | $2.1M | Add +0.5% |
| BDCI BTC Development Corp. Class A | 0.19% | 200,000 | $2.0M | No change |
| VCIC Vine Hill Capital Class A | 0.17% | 167,902 | $1.8M | Reduce -16.0% |
| HCACU Hall Chadwick Acquisition Co. | 0.16% | 175,000 | $1.8M | New |
| HVMC Highview Merger Corp. Class A | 0.14% | 153,935 | $1.5M | New |
| BLZR Trailblazer Acquisition Class A | 0.14% | 150,000 | $1.5M | No change |
| DYOR Insight Digital Partners I-A | 0.14% | 150,000 | $1.5M | New |
| DNMX Dynamix Corp. III Class A | 0.14% | 150,000 | $1.5M | New |
| BIXI Bitcoin Infrastructure Class A | 0.14% | 150,000 | $1.5M | New |
| CCXIU Churchill Capital Corp. Xi | 0.13% | 141,506 | $1.4M | New |
| CRAQ Cal Redwood Acquisit Class A | 0.09% | 100,000 | $1.0M | No change |
| OBA Oxley Bridge Acquisitio Class A | 0.09% | 100,000 | $1.0M | No change |
| PACH Pioneer Acquisition I Class A | 0.09% | 100,000 | $1.0M | No change |
| ADACU American Drive Acquisition C | 0.09% | 100,000 | $997K | New |
| BILL Bill Holdings Inc. | 0.08% | 15,235 | $831K | New |
| ALF Centurion Acquisition Corp. | 0.07% | 70,125 | $747K | Add +40.3% |
| MBVI M3-Brigade Acquisition Class A | 0.05% | 50,000 | $500K | No change |
| TDWD Tailwind 2.0 Acquisitio Class A | 0.05% | 50,000 | $493K | New |
| IGAC Invest Green Acquisitio Class A | 0.05% | 50,000 | $492K | New |
| JENA Jena Acquisition Corp. II - A | 0.04% | 46,371 | $473K | New |
Options reported separately and not counted above: AAPL puts ($130.5M), TSM calls ($121.6M), ASML calls ($77.0M), AMZN calls ($62.1M), WBD puts ($35.2M), INTC calls ($31.7M), AMAT calls ($29.6M), SNDK puts ($26.3M), CRBG puts ($24.1M), BAC calls ($14.8M), DHI puts ($11.7M), AIG puts ($8.6M), and 6 more.
Other holdings (39): bonds, preferreds, convertibles and warrants · $6.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 2,500,000 | $3.5M | No change |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 427,528 | $329K | Reduce -5.5% |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 260,475 | $212K | Reduce -5.3% |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | 500,000 | $205K | New |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | 300,800 | $197K | New |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 300,000 | $174K | No change |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 190,874 | $167K | No change |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 355,209 | $149K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 303,350 | $144K | Reduce -6.1% |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 316,967 | $118K | Reduce -9.6% |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 197,403 | $108K | No change |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 450,000 | $108K | No change |
| FCRS.WS Futurecrest Acquisition Corp. | *W EXP 09/30/203 | 137,498 | $107K | Add +450.0% |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 350,000 | $105K | Add +40.0% |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 187,118 | $94K | Add +0.4% |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 300,000 | $90K | Add +50.0% |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 321,912 | $90K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 166,666 | $84K | No change |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 200,000 | $80K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 500,000 | $80K | No change |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 195,760 | $79K | Reduce -68.5% |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 239,531 | $74K | Reduce -0.2% |
| GFUZW Spring Valley Acq Co. -30 | *W EXP 09/04/203 | 106,995 | $67K | Add +11.4% |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 300,000 | $63K | No change |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | 150,000 | $48K | New |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 78,927 | $46K | No change |
| APXTW Apex Treasury Corp. -30 | *W EXP 10/07/203 | 150,000 | $42K | New |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 150,000 | $35K | No change |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 100,000 | $32K | No change |
| DNMXW Dynamix Corp. III | *W EXP 10/10/203 | 75,000 | $26K | New |
| DYORW Insight Digital Partners II | *W EXP 10/28/203 | 75,000 | $25K | New |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | 49,999 | $24K | No change |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | 68,453 | $24K | Reduce -16.7% |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 | 75,000 | $21K | New |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 50,000 | $12K | No change |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 50,000 | $11K | No change |
| IGACR Invest Green Acquisition-RTS | RIGHT 11/17/2030 | 50,000 | $10K | New |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | 50,000 | $8K | New |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 16,648 | $6K | No change |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q3 2025 → Q4 2025
| VTR Ventas Inc. | Reduce -30.0% | 2.76% | −2.61 |
| BAC Bank of America Corp. | Reduce -17.8% | 3.04% | −2.18 |
| CAEP Cantor Equity Partners III-A | Sold out | 0.00% | −1.87 |
| FIS Fidelity National Info Serv | Reduce -26.2% | 1.63% | −1.67 |
| K Kellanova | Sold out | 0.00% | −1.65 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.46 |
| TACO Berto Acquisition Corp. | Sold out | 0.00% | −1.43 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −1.42 |
| JLL Jones Lang Lasalle Inc. | Sold out | 0.00% | −1.19 |
| INFQ Infleqtion Inc. | Sold out | 0.00% | −1.09 |
| MLAC Mountain Lake Acquisition-A | Sold out | 0.00% | −1.06 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.86 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.82 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.77 |
| CEPO Cantor Equity Partners I-A | Sold out | 0.00% | −0.76 |
| POLE Andretti Acquisition Corp. Class A | Sold out | 0.00% | −0.73 |
| XYZ Block Inc. | Reduce -21.3% | 0.56% | −0.63 |
| PMTR Perimeter Acquis Corp. I Class A | Reduce -4.3% | 1.07% | −0.59 |
| FERA Fifth Era Acquisition Corp. Class A | Reduce 0.0% | 1.07% | −0.53 |
| CEPT Cantor Equity Partners Class A | Reduce -0.8% | 1.22% | −0.51 |
| RDAG Republic Digital Acquis Class A | Reduce -0.3% | 0.94% | −0.49 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.48 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.43 |
| SRDX Surmodics Inc. | Sold out | 0.00% | −0.41 |
| MRUS Merus NV | Sold out | 0.00% | −0.40 |
| ECHO Echostar Corp. Class A | Reduce -11.6% | 1.99% | −0.39 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.39 |
| FAC Factorial Energy Inc. | Sold out | 0.00% | −0.35 |
| CSX CSX Corp. | Sold out | 0.00% | −0.30 |
| ONEN One Nuclear Energy Inc. | Sold out | 0.00% | −0.28 |
| TMS Teamshares Inc. | Sold out | 0.00% | −0.28 |
| RNW Renew Energy Global PLC-A | Sold out | 0.00% | −0.22 |
| WLAC Willow Lane Acquisition Class A | Sold out | 0.00% | −0.14 |
| TDS Telephone and Data Systems | Reduce -4.1% | 0.28% | −0.14 |
| DMIIU Drugs Made in America Acquis | Sold out | 0.00% | −0.14 |
| VCIC Vine Hill Capital Class A | Reduce -16.0% | 0.17% | −0.13 |
| FG MERGER II CORP | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| EA Electronic Arts Inc. | Add +727.3% | 4.44% | +3.64 |
| WBD Warner Bros Discovery Inc. | Add +114.5% | 6.04% | +3.17 |
| HOLX Hologic Inc. | New | 1.76% | +1.76 |
| AMZN Amazon.com Inc. | Add +197.2% | 3.32% | +1.72 |
| CDTX Cidara Therapeutics Inc. | New | 1.28% | +1.28 |
| QRVO Qorvo Inc. | New | 1.22% | +1.22 |
| NWAX.U New America Acquisition I Co. | New | 1.16% | +1.16 |
| EXAS Exact Sciences Corp. | New | 1.14% | +1.14 |
| ASML ASML Holding NV-NY Reg SHS | New | 1.12% | +1.12 |
| AMAT Applied Materials Inc. | New | 1.10% | +1.10 |
| KBONU Karbon Capital Partners Corp. | New | 1.03% | +1.03 |
| EVOX Evolution Global Acquis Class A | New | 0.95% | +0.95 |
| CEPV Cantor Equity Partners Class A | New | 0.92% | +0.92 |
| SVAQU Silicon Valley Acquisition C | New | 0.92% | +0.92 |
| RNAM Avidity Biosciences Inc. | New | 0.82% | +0.82 |
| UWMC Uwm Holdings Corp. | New | 0.81% | +0.81 |
| ALLY Ally Financial Inc. | Add +112.7% | 1.93% | +0.75 |
| CRANU Crane Harbor Acquisition Cor | New | 0.70% | +0.70 |
| FCRS Futurecrest Acquisition Class A | Add +750.0% | 0.80% | +0.65 |
| CRBG Corebridge Financial Inc. | Add +123.6% | 2.24% | +0.64 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.61% | +0.61 |
| BL Blackline Inc. | New | 0.61% | +0.61 |
| TECK Teck Resources Ltd.-CLS B | New | 0.57% | +0.57 |
| ALUB.U Alussa Energy Acquisition Co. | New | 0.56% | +0.56 |
| JHG Janus Henderson Group PLC | New | 0.55% | +0.55 |
| SHOO Steven Madden Ltd. | New | 0.54% | +0.54 |
| CSGS CSG Systems Intl Inc. | New | 0.52% | +0.52 |
| PLYM Plymouth Industrial REIT Inc. | New | 0.50% | +0.50 |
| MESHU Meshflow Acquisition Corp. | New | 0.46% | +0.46 |
| KMB Kimberly-Clark Corp. | New | 0.44% | +0.44 |
| RNGT Range Capital Acquisit Class A | New | 0.39% | +0.39 |
| SBXE.U Silverbox Corp. V | New | 0.37% | +0.37 |
| CEPF Cantor Equity Partners Class A | Add +149.2% | 0.84% | +0.34 |
| LPCVU Launchpad Cadenza Acquisitio | New | 0.32% | +0.32 |
| NIQ Niq Global Intelligence PLC | Add +76.9% | 1.53% | +0.29 |
| AES AES Corp. | Add +134.6% | 0.69% | +0.28 |
| AIG American International Group | New | 0.28% | +0.28 |
| AHR American Healthcare REIT Inc. | New | 0.28% | +0.28 |
| APXT Apex Treasury Corp. Class A | New | 0.28% | +0.28 |
| UNF Unifirst Corp. | New | 0.27% | +0.27 |
| MRLN Merlin Inc. | Add +100.1% | 1.00% | +0.27 |
| SEE Sealed Air Corp. | New | 0.26% | +0.26 |
| PLMK Plum Acquisition Corp. IV | Add +133.3% | 0.68% | +0.25 |
| RANG Range Capital Acquisition Co. | New | 0.24% | +0.24 |
| AEXA American Exceptionalism Class A | Add +93.0% | 0.96% | +0.24 |
| GSRF GSR IV Acquisition Corp. Class A | New | 0.23% | +0.23 |
| SAC.U Safeguard Acquisition Corp. | New | 0.23% | +0.23 |
| DMAA Drugs Made in America Acquis | Add +2132.1% | 0.24% | +0.22 |
| KOYN CSLM Digital Asset Acqu - A | Add +190.4% | 0.44% | +0.21 |
| HCACU Hall Chadwick Acquisition Co. | New | 0.16% | +0.16 |
Options Activity Q3 2025 → Q4 2025
| AAPL Apple Inc. | put | New | 480,000 | $130.5M |
| TSM Taiwan Semiconductor-SP ADR | call | Reduce -36.5% | 400,000 | $121.6M |
| ASML ASML Holding NV-NY Reg SHS | call | Add +50.0% | 72,000 | $77.0M |
| AMAT Applied Materials Inc. | put | Sold out | 307,500 | $63.0Mbefore exit |
| AMZN Amazon.com Inc. | call | Reduce -51.1% | 269,000 | $62.1M |
| GLW Corning Inc. | put | Sold out | 535,000 | $43.9Mbefore exit |
| WBD Warner Bros Discovery Inc. | put | Add +65.6% | 1,220,500 | $35.2M |
| SMCI Super Micro Computer Inc. | put | Sold out | 665,000 | $31.9Mbefore exit |
| INTC Intel Corp. | call | Add +10.3% | 860,000 | $31.7M |
| AMAT Applied Materials Inc. | call | New | 115,000 | $29.6M |
| SNDK Sandisk Corp. | put | New | 111,000 | $26.3M |
| CRBG Corebridge Financial Inc. | put | Add +123.6% | 800,000 | $24.1M |
| BAC Bank of America Corp. | call | Add +170.0% | 270,000 | $14.8M |
| NKE Nike Inc. Class B | call | Sold out | 170,000 | $11.9Mbefore exit |
| DHI D.R. Horton Inc. | put | New | 81,000 | $11.7M |
| META Meta Platforms Inc. Class A | put | Sold out | 14,200 | $10.4Mbefore exit |
| AIG American International Group | put | New | 100,000 | $8.6M |
| S Sentinelone Inc. Class A | call | Reduce -50.0% | 537,500 | $8.1M |
| KMB Kimberly-Clark Corp. | call | New | 71,200 | $7.2M |
| WBD Warner Bros Discovery Inc. | call | New | 200,000 | $5.8M |
| KVUE Kenvue Inc. | call | New | 200,000 | $3.5M |
| AIG American International Group | call | New | 40,100 | $3.4M |
| KDK Kodiak AI Inc. | call | Sold out | 200,000 | $1.4Mbefore exit |
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
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | Sold out | 300,800 | $361Kbefore exit |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | Reduce -5.5% | 427,528 | $329K |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | Reduce -5.3% | 260,475 | $212K |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | New | 500,000 | $205K |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | New | 300,800 | $197K |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | Sold out | 52,842 | $188Kbefore exit |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | Sold out | 450,000 | $151Kbefore exit |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | Reduce -6.1% | 303,350 | $144K |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | Reduce -9.6% | 316,967 | $118K |
| FCRS.WS Futurecrest Acquisition Corp. | *W EXP 09/30/203 | Add +450.0% | 137,498 | $107K |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | Add +40.0% | 350,000 | $105K |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | Add +0.4% | 187,118 | $94K |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | Add +50.0% | 300,000 | $90K |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | Reduce -68.5% | 195,760 | $79K |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | Reduce -0.2% | 239,531 | $74K |
| GFUZW Spring Valley Acq Co. -30 | *W EXP 09/04/203 | Add +11.4% | 106,995 | $67K |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | New | 150,000 | $48K |
| APXTW Apex Treasury Corp. -30 | *W EXP 10/07/203 | New | 150,000 | $42K |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | Sold out | 50,000 | $40Kbefore exit |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | Sold out | 125,000 | $31Kbefore exit |
| DNMXW Dynamix Corp. III | *W EXP 10/10/203 | New | 75,000 | $26K |
| DYORW Insight Digital Partners II | *W EXP 10/28/203 | New | 75,000 | $25K |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | Reduce -16.7% | 68,453 | $24K |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 | New | 75,000 | $21K |
| IGACR Invest Green Acquisition-RTS | RIGHT 11/17/2030 | New | 50,000 | $10K |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | New | 50,000 | $8K |
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 | 125 | $992.8M | NSC, TXNM, WBD, EA, SHW |
| Q1 2026 | 110 | $797.2M | NSC, WBD, EA, JHG, TXNM |
| Q4 2025 | 114 | $1.1B | WBD, NSC, TXNM, EA, TSM |
| Q3 2025 | 94 | $715.5M | NSC, TXNM, VTR, BAC, TSM |
| Q2 2025 | 84 | $723.9M | GMS, UBS, AMZN, KKR, JLL |
| Q1 2025 | 39 | $449.2M | ITCI, HES, DFS, TSM, VTR |
| Q4 2024 | 35 | $649.7M | DFS, AMZN, VTR, K, HES |
| Q3 2024 | 33 | $621.9M | TSM, AMD, KKR, VTR, DFS |
| Q2 2024 | 34 | $628.7M | ANSS, TSM, KKR, VTR, WDAY |
| Q1 2024 | 34 | $614.5M | ANSS, TSM, WDAY, KKR, RTX |