Graham Capital Management, L.P.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Graham Capital Management, L.P. reported 952 stock positions worth $1.6 billion. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 5.9% of the portfolio, followed by Strategy (MSTR, 3.6%) and Meta Platforms Class A (META, 1.1%). Compared with Q1 2024, it opened 418 new positions, sold out of 442, added to 271 and reduced 260. The biggest buy was Strategy (MSTR, shares +122%) and the biggest sale Dollar General (DG, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- ROWAYTON, CT
- CIK
- 0001315421
- Portfolio Value
- $1.6B (Q2 2024)
- SEC Filing
- 0001041062-24-000122 ↗ filed Aug 14, 2024
Holdings Value
Holdings 952 stocks · $1.6B
| IBIT iShares Bitcoin Trust ETF | 5.93% | 2,757,896 | $94.2M | Add +13.0% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 3.63% | 41,805 | $57.6M | Add +121.9% |
| META Meta Platforms Inc. Class A | 1.06% | 33,329 | $16.8M | Reduce -45.2% |
| HES Hess Corp. | 1.06% | 113,741 | $16.8M | New |
| KO The Coca-Cola Co. | 1.01% | 250,600 | $16.0M | New |
| TMO Thermo Fisher Scientific Inc. | 0.96% | 27,649 | $15.3M | Add +992.9% |
| CME Cme Group Inc. | 0.95% | 77,025 | $15.1M | Add +2.7% |
| C Citigroup Inc. | 0.93% | 231,368 | $14.7M | Reduce -27.0% |
| BSX Boston Scientific Corp. | 0.87% | 179,136 | $13.8M | New |
| CL Colgate-Palmolive Co. | 0.87% | 141,462 | $13.7M | New |
| SNOW Snowflake Inc. | 0.85% | 100,306 | $13.6M | Add +37.4% |
| GOOG Alphabet Inc. Class C | 0.85% | 73,183 | $13.4M | Reduce -34.6% |
| DG Dollar General Corp. | 0.83% | 100,000 | $13.2M | Reduce -63.1% |
| CMS CMS Energy Corp. | 0.83% | 221,029 | $13.2M | New |
| STT State Street Corp. | 0.82% | 174,754 | $12.9M | Add +24.4% |
| AMZN Amazon.com Inc. | 0.74% | 61,065 | $11.8M | Reduce -70.1% |
| PH Parker Hannifin Corp. | 0.72% | 22,528 | $11.4M | Add +3257.4% |
| HPE Hewlett Packard Enterprise | 0.71% | 533,859 | $11.3M | New |
| CARR Carrier Global Corp. | 0.69% | 174,455 | $11.0M | Reduce -8.6% |
| MSI Motorola Solutions Inc. | 0.69% | 28,283 | $10.9M | Reduce -48.3% |
| LRCX Lam Research Corp. | 0.68% | 10,130 | $10.8M | Add +568.6% |
| MSFT Microsoft Corp. | 0.64% | 22,807 | $10.2M | Reduce -72.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.60% | 95,263 | $9.5M | Reduce -2.2% |
| SHW The Sherwin-Williams Co. | 0.57% | 30,286 | $9.0M | Add +1294.4% |
| UBS UBS Group AG-Reg | 0.55% | 294,709 | $8.7M | Add +73.2% |
| GOOGL Alphabet Inc. Class A | 0.54% | 47,260 | $8.6M | Reduce -27.1% |
| MMM 3M Co. | 0.53% | 82,813 | $8.5M | Add +12.1% |
| NTRS Northern Trust Corp. | 0.53% | 100,504 | $8.4M | Add +53.6% |
| MU Micron Technology Inc. | 0.53% | 64,140 | $8.4M | Reduce -48.2% |
| FOUR SHIFT4 Payments Inc. Class A | 0.52% | 113,483 | $8.3M | New |
| PPL PPL Corp. | 0.51% | 289,989 | $8.0M | New |
| IBKR Interactive Brokers Gro Class A | 0.51% | 65,358 | $8.0M | New |
| ADP Automatic Data Processing | 0.50% | 33,487 | $8.0M | Add +997.6% |
| WMT Walmart Inc. | 0.50% | 116,679 | $7.9M | Reduce -58.4% |
| HLT Hilton Worldwide Holdings Inc. | 0.49% | 35,648 | $7.8M | New |
| NTAP Netapp Inc. | 0.49% | 60,380 | $7.8M | Reduce -34.1% |
| EWW iShares MSCI Mexico ETF | 0.49% | 136,500 | $7.7M | New |
| SFM Sprouts Farmers Market Inc. | 0.47% | 90,028 | $7.5M | Add +74.7% |
| EQH Equitable Holdings Inc. | 0.46% | 180,390 | $7.4M | Reduce -35.8% |
| XYZ Block Inc. | 0.46% | 112,764 | $7.3M | Reduce -34.3% |
| CRH CRH PLC | 0.46% | 96,480 | $7.2M | New |
| ETN Eaton Corp. PLC | 0.45% | 22,670 | $7.1M | Add +109.9% |
| BDX Becton Dickinson and Co. | 0.44% | 29,927 | $7.0M | Add +195.6% |
| ROST Ross Stores Inc. | 0.43% | 47,400 | $6.9M | Add +10.0% |
| CAG Conagra Brands Inc. | 0.43% | 242,312 | $6.9M | New |
| OKTA Okta Inc. | 0.42% | 71,422 | $6.7M | Add +203.5% |
| RGA Reinsurance Group of America | 0.42% | 32,346 | $6.6M | Add +8.5% |
| NVS Novartis AG-Sponsored ADR | 0.42% | 62,225 | $6.6M | Add +187.0% |
| SPOT Spotify Technology SA | 0.41% | 20,825 | $6.5M | Reduce -72.3% |
| XOM Exxon Mobil Corp. | 0.41% | 56,655 | $6.5M | Reduce -53.9% |
| GM General Motors Co. | 0.40% | 137,425 | $6.4M | Reduce -49.6% |
| CTAS Cintas Corp. | 0.39% | 8,760 | $6.1M | Add +30.3% |
| PGR Progressive Corp. | 0.38% | 29,346 | $6.1M | Add +32.0% |
| UNP Union Pacific Corp. | 0.38% | 26,833 | $6.1M | Add +39.8% |
| ECL Ecolab Inc. | 0.38% | 25,145 | $6.0M | Add +15.9% |
| VRSK Verisk Analytics Inc. | 0.37% | 22,015 | $5.9M | Reduce -56.8% |
| CMA Comerica Inc. | 0.36% | 112,784 | $5.8M | Add +38.6% |
| PFE Pfizer Inc. | 0.36% | 203,577 | $5.7M | Add +653.6% |
| TEAM Atlassian Corp. Class A | 0.36% | 31,860 | $5.6M | Add +36.7% |
| REG Regency Centers Corp. | 0.35% | 90,183 | $5.6M | New |
| AZEK The Azek Co. Inc. | 0.35% | 131,698 | $5.5M | Add +247.2% |
| ZBH Zimmer Biomet Holdings Inc. | 0.35% | 50,632 | $5.5M | Add +387.5% |
| URI United Rentals Inc. | 0.34% | 8,319 | $5.4M | Reduce -15.5% |
| FTI Technipfmc PLC | 0.33% | 200,936 | $5.3M | Add +28.6% |
| HXL Hexcel Corp. | 0.33% | 82,779 | $5.2M | New |
| TALO Talos Energy Inc. | 0.33% | 424,963 | $5.2M | Reduce -60.9% |
| WDAY Workday Inc. Class A | 0.33% | 23,093 | $5.2M | Add +25.5% |
| PCOR Procore Technologies Inc. | 0.32% | 76,996 | $5.1M | Add +849.5% |
| FLG New York Community Bancorp | 0.32% | 1,554,076 | $5.0M | Reduce -32.5% |
| XEL Xcel Energy Inc. | 0.31% | 92,436 | $4.9M | Add +229.5% |
| WAB Wabtec Corp. | 0.31% | 30,863 | $4.9M | Add +2096.7% |
| VEEV Veeva Systems Inc. Class A | 0.30% | 26,323 | $4.8M | Add +734.9% |
| BKR Baker Hughes Co. | 0.30% | 133,803 | $4.7M | New |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.29% | 77,138 | $4.6M | Add +406.8% |
| CBRE CBRE Group Inc. Class A | 0.29% | 51,195 | $4.6M | Reduce -12.8% |
| EHC Encompass Health Corp. | 0.28% | 52,143 | $4.5M | Add +1086.7% |
| TXRH Texas Roadhouse Inc. | 0.28% | 25,880 | $4.4M | New |
| W Wayfair Inc. Class A | 0.27% | 81,400 | $4.3M | Add +681.0% |
| TREX Trex Company Inc. | 0.26% | 56,580 | $4.2M | Add +10.4% |
| PAGS Pagseguro Digital Ltd. Class A | 0.26% | 358,578 | $4.2M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 10,282 | $4.2M | New |
| SNAP Snap Inc. Class A | 0.26% | 249,556 | $4.1M | New |
| NOC Northrop Grumman Corp. | 0.26% | 9,493 | $4.1M | Add +899.3% |
| GL Globe Life Inc. | 0.26% | 50,178 | $4.1M | Reduce -12.6% |
| JXN Jackson Financial Inc. Class A | 0.26% | 55,589 | $4.1M | Reduce -16.9% |
| LEVI Levi Strauss & Co. Class A | 0.26% | 211,869 | $4.1M | New |
| LDOS Leidos Holdings Inc. | 0.26% | 27,799 | $4.1M | Add +193.7% |
| LPX Louisiana-Pacific Corp. | 0.25% | 49,038 | $4.0M | New |
| PRU Prudential Financial Inc. | 0.25% | 34,114 | $4.0M | Reduce -50.4% |
| POR Portland General Electric Co. | 0.25% | 91,554 | $4.0M | New |
| ACI Albertsons Cos Inc. Class A | 0.25% | 197,779 | $3.9M | New |
| NVDA Nvidia Corp. | 0.25% | 31,532 | $3.9M | Reduce -83.1% |
| AYI Acuity Inc. | 0.25% | 16,113 | $3.9M | Add +663.3% |
| APA Apa Corp. | 0.24% | 129,661 | $3.8M | Add +187.6% |
| LBTYA Liberty Global Ltd. Class A | 0.24% | 217,909 | $3.8M | Add +1612.7% |
| ALL Allstate Corp. | 0.24% | 23,634 | $3.8M | New |
| LBTYK Liberty Global Ltd. Class C | 0.23% | 208,502 | $3.7M | New |
| SU Suncor Energy Inc. | 0.23% | 95,374 | $3.6M | New |
| BFH Bread Financial Holdings Inc. | 0.23% | 81,262 | $3.6M | Add +792.5% |
| XYL Xylem Inc. | 0.23% | 26,463 | $3.6M | New |
Options reported separately and not counted above: MSTR puts ($799.9M), IWM puts ($630.1M), XLY puts ($36.5M), SAVEQ puts ($31.2M), EPD calls ($26.1M), SPCE puts ($26.1M), MAXNQ puts ($16.1M), RIVN puts ($14.5M), GME puts ($12.2M), NOVAQ puts ($10.5M), NFE calls ($10.3M), BBIO puts ($9.8M), and 14 more.
Other holdings (24): bonds, preferreds, convertibles and warrants · $1.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | 70,181,000 | $193.9M | No change |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | 139,500,000 | $167.6M | Add +34.1% |
| ZILLOW GROUP INC (Z 0.75 09/01/24) | NOTE 0.750% 9/0 · principal | 114,878,000 | $125.1M | Reduce -31.1% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 65,510,000 | $86.6M | Reduce -26.8% |
| TILRAY BRANDS INC (TLRY 5.2 06/15/27) | NOTE 5.200% 6/1 · principal | 89,500,000 | $86.2M | Add +7.2% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 73,241,000 | $73.9M | No change |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 33,206,000 | $70.2M | Reduce -10.8% |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | 56,277,000 | $70.1M | Add +136.5% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 60,000,000 | $61.8M | Add +14.3% |
| TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *) | DEB 4.000%12/1 · principal | 46,576,000 | $59.6M | Reduce -11.0% |
| BLOOM ENERGY CORP (BE 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 47,878,000 | $51.4M | Add +87.5% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 37,179,000 | $40.9M | Add +19.2% |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 43,757,000 | $38.8M | Add +6.1% |
| MANNKIND CORP (MNKD 2.5 03/01/26) | NOTE 2.500% 3/0 · principal | 21,900,000 | $26.5M | Reduce -10.3% |
| PLUG POWER INC (PLUG 3.75 06/01/25) | NOTE 3.750% 6/0 · principal | 25,909,000 | $24.4M | Add +131.7% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 26,388,000 | $23.9M | No change |
| REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) | NOTE 1.750% 2/1 · principal | 36,429,000 | $23.9M | Add +14.1% |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | 21,000,000 | $17.9M | Add +5.0% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 16,700,000 | $16.7M | Add +36.9% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 21,255,000 | $15.6M | Reduce -15.8% |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | 41,685,000 | $14.6M | Reduce -6.7% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 10,000,000 | $10.3M | New |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | 6,553,000 | $7.9M | No change |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | 8,500,000 | $4.2M | No change |
Total filed on the 13F, all lines: $2.9B.
Portfolio Sells Q1 2024 → Q2 2024
| DG Dollar General Corp. | Reduce -63.1% | 0.83% | −1.41 |
| MSFT Microsoft Corp. | Reduce -72.5% | 0.64% | −1.20 |
| AMZN Amazon.com Inc. | Reduce -70.1% | 0.74% | −1.20 |
| UBER Uber Technologies Inc. | Reduce -95.8% | 0.06% | −1.19 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −1.00 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −1.00 |
| NFLX Netflix Inc. | Reduce -95.8% | 0.05% | −0.81 |
| PCG P G & E Corp. | Reduce -90.7% | 0.10% | −0.74 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.74 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.74 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.69 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.66 |
| NVDA Nvidia Corp. | Reduce -83.1% | 0.25% | −0.64 |
| SPOT Spotify Technology SA | Reduce -72.3% | 0.41% | −0.64 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −0.64 |
| MCD McDonald's Corp. | Reduce -83.1% | 0.13% | −0.58 |
| MAS Masco Corp. | Reduce -96.5% | 0.02% | −0.56 |
| META Meta Platforms Inc. Class A | Reduce -45.2% | 1.06% | −0.51 |
| XME SS SPDR S&P Metals Mining | Sold out | 0.00% | −0.49 |
| CRM Salesforce Inc. | Reduce -80.3% | 0.12% | −0.49 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.49 |
| TALO Talos Energy Inc. | Reduce -60.9% | 0.33% | −0.48 |
| NET Cloudflare Inc. Class A | Reduce -88.8% | 0.06% | −0.47 |
| AON Aon PLC Class A | Reduce -81.1% | 0.11% | −0.45 |
| NSC Norfolk Southern Corp. | Reduce -91.5% | 0.04% | −0.43 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.41 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.40 |
| WMT Walmart Inc. | Reduce -58.4% | 0.50% | −0.40 |
| LYB Lyondellbasell Indu Class A | Reduce -95.2% | 0.02% | −0.38 |
| FCX Freeport-McMoran Inc. | Reduce -75.6% | 0.16% | −0.37 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.36 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.35 |
| TS Tenaris SA-ADR | Reduce -91.1% | 0.03% | −0.35 |
| ITW Illinois Tool Works | Reduce -95.7% | 0.02% | −0.35 |
| XOM Exxon Mobil Corp. | Reduce -53.9% | 0.41% | −0.34 |
| MSI Motorola Solutions Inc. | Reduce -48.3% | 0.69% | −0.34 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.34 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.33 |
| SCHW Schwab (charles) Corp. | Reduce -84.1% | 0.08% | −0.33 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.33 |
| XYZ Block Inc. | Reduce -34.3% | 0.46% | −0.31 |
| DUOL Duolingo | Reduce -89.4% | 0.04% | −0.29 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.28 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.28 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.27 |
| LNC Lincoln National Corp. | Sold out | 0.00% | −0.26 |
| VRSK Verisk Analytics Inc. | Reduce -56.8% | 0.37% | −0.26 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.26 |
| GM General Motors Co. | Reduce -49.6% | 0.40% | −0.25 |
| HR Healthcare Realty Trust Inc. | Sold out | 0.00% | −0.24 |
Portfolio Buys Q1 2024 → Q2 2024
| MSTR Strategy Inc. | Add +121.9% | 3.63% | +1.93 |
| HES Hess Corp. | New | 1.06% | +1.06 |
| KO The Coca-Cola Co. | New | 1.01% | +1.01 |
| TMO Thermo Fisher Scientific Inc. | Add +992.9% | 0.96% | +0.89 |
| BSX Boston Scientific Corp. | New | 0.87% | +0.87 |
| CL Colgate-Palmolive Co. | New | 0.87% | +0.87 |
| CMS CMS Energy Corp. | New | 0.83% | +0.83 |
| HPE Hewlett Packard Enterprise | New | 0.71% | +0.71 |
| IBIT iShares Bitcoin Trust ETF | Add +13.0% | 5.93% | +0.71 |
| PH Parker Hannifin Corp. | Add +3257.4% | 0.72% | +0.70 |
| LRCX Lam Research Corp. | Add +568.6% | 0.68% | +0.60 |
| SHW The Sherwin-Williams Co. | Add +1294.4% | 0.57% | +0.53 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.52% | +0.52 |
| PPL PPL Corp. | New | 0.51% | +0.51 |
| IBKR Interactive Brokers Gro Class A | New | 0.51% | +0.51 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.49% | +0.49 |
| EWW iShares MSCI Mexico ETF | New | 0.49% | +0.49 |
| ADP Automatic Data Processing | Add +997.6% | 0.50% | +0.46 |
| CRH CRH PLC | New | 0.46% | +0.46 |
| CAG Conagra Brands Inc. | New | 0.43% | +0.43 |
| REG Regency Centers Corp. | New | 0.35% | +0.35 |
| HXL Hexcel Corp. | New | 0.33% | +0.33 |
| PFE Pfizer Inc. | Add +653.6% | 0.36% | +0.32 |
| BDX Becton Dickinson and Co. | Add +195.6% | 0.44% | +0.31 |
| NVS Novartis AG-Sponsored ADR | Add +187.0% | 0.42% | +0.31 |
| SFM Sprouts Farmers Market Inc. | Add +74.7% | 0.47% | +0.30 |
| BKR Baker Hughes Co. | New | 0.30% | +0.30 |
| WAB Wabtec Corp. | Add +2096.7% | 0.31% | +0.30 |
| OKTA Okta Inc. | Add +203.5% | 0.42% | +0.29 |
| PCOR Procore Technologies Inc. | Add +849.5% | 0.32% | +0.29 |
| TXRH Texas Roadhouse Inc. | New | 0.28% | +0.28 |
| ZBH Zimmer Biomet Holdings Inc. | Add +387.5% | 0.35% | +0.27 |
| UBS UBS Group AG-Reg | Add +73.2% | 0.55% | +0.27 |
| ETN Eaton Corp. PLC | Add +109.9% | 0.45% | +0.27 |
| VEEV Veeva Systems Inc. Class A | Add +734.9% | 0.30% | +0.27 |
| PAGS Pagseguro Digital Ltd. Class A | New | 0.26% | +0.26 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.26% | +0.26 |
| EHC Encompass Health Corp. | Add +1086.7% | 0.28% | +0.26 |
| SNAP Snap Inc. Class A | New | 0.26% | +0.26 |
| LEVI Levi Strauss & Co. Class A | New | 0.26% | +0.26 |
| LPX Louisiana-Pacific Corp. | New | 0.25% | +0.25 |
| POR Portland General Electric Co. | New | 0.25% | +0.25 |
| AZEK The Azek Co. Inc. | Add +247.2% | 0.35% | +0.25 |
| ACI Albertsons Cos Inc. Class A | New | 0.25% | +0.25 |
| BNY Bank of New York Mellon Corp. | Add +406.8% | 0.29% | +0.24 |
| STT State Street Corp. | Add +24.4% | 0.82% | +0.24 |
| ALL Allstate Corp. | New | 0.24% | +0.24 |
| NOC Northrop Grumman Corp. | Add +899.3% | 0.26% | +0.24 |
| LBTYK Liberty Global Ltd. Class C | New | 0.23% | +0.23 |
| W Wayfair Inc. Class A | Add +681.0% | 0.27% | +0.23 |
Options Activity Q1 2024 → Q2 2024
| MSTR Strategy Inc. | put | Add +11.1% | 580,700 | $799.9M |
| IWM iShares Russell 2000 ETF | put | Add +3.2% | 3,105,500 | $630.1M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 170,000 | $75.5Mbefore exit |
| XLY SS Consumer Disc Select Sect | put | New | 200,000 | $36.5M |
| SAVEQ Spirit Airlines Inc. | put | Add +85.0% | 8,520,500 | $31.2M |
| EPD Enterprise Products Partners | call | Add +125.0% | 900,000 | $26.1M |
| SPCE Virgin Galactic Holdings Inc. | put | Add +2137.2% | 3,093,200 | $26.1M |
| CYTK Cytokinetics Inc. | put | Sold out | 284,700 | $20.0Mbefore exit |
| MAXNQ Maxeon Solar Technologie | put | Add +235.3% | 18,874,700 | $16.1M |
| RIVN Rivian Automotive Inc. Class A | put | Reduce -49.6% | 1,079,500 | $14.5M |
| GME Gamestop Corp. Class A | put | New | 493,400 | $12.2M |
| NOVAQ Sunnova Energy International | put | Add +62.8% | 1,879,200 | $10.5M |
| NFE New Fortress Energy Inc. | call | New | 470,600 | $10.3M |
| ENVX Enovix Corp. | put | Reduce -16.0% | 617,600 | $9.5M |
| PCT Purecycle Technologies Inc. | put | Reduce -29.7% | 1,609,700 | $9.5M |
| LCID Lucid Group Inc. | put | Reduce -8.4% | 3,637,600 | $9.5M |
| ABR Arbor Realty Trust Inc. | put | Add +2.8% | 638,900 | $9.2M |
| GPRE Green Plains Inc. | put | Sold out | 250,000 | $5.8Mbefore exit |
| NVAX Novavax Inc. | put | Reduce -66.0% | 444,000 | $5.6M |
| NVDA Nvidia Corp. | call | New | 40,000 | $4.9M |
| NVDA Nvidia Corp. | put | New | 36,000 | $4.4M |
| OPK Opko Health Inc. | put | New | 2,200,400 | $2.8M |
| MAXNQ Maxeon Solar Technologie | call | Sold out | 771,000 | $2.6Mbefore exit |
| PLUG Plug Power Inc. | put | Add +27.6% | 924,100 | $2.2M |
| DJT Trump Media & Technology Gro | put | New | 50,000 | $1.6M |
| ARM Arm Holdings PLC-ADR | put | New | 5,000 | $818K |
| IWM iShares Russell 2000 ETF | call | Sold out | 2,000 | $421Kbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 1,500 | $271Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | Sold out | 56,366,000 | $241.8Mbefore exit |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | Add +34.1% | 139,500,000 | $167.6M |
| ZILLOW GROUP INC (Z 0.75 09/01/24) | NOTE 0.750% 9/0 · principal | Reduce -31.1% | 114,878,000 | $125.1M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Reduce -26.8% | 65,510,000 | $86.6M |
| TILRAY BRANDS INC (TLRY 5.2 06/15/27) | NOTE 5.200% 6/1 · principal | Add +7.2% | 89,500,000 | $86.2M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Reduce -10.8% | 33,206,000 | $70.2M |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | Add +136.5% | 56,277,000 | $70.1M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Add +14.3% | 60,000,000 | $61.8M |
| TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *) | DEB 4.000%12/1 · principal | Reduce -11.0% | 46,576,000 | $59.6M |
| BLOOM ENERGY CORP (BE 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | Add +87.5% | 47,878,000 | $51.4M |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Add +19.2% | 37,179,000 | $40.9M |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | Add +6.1% | 43,757,000 | $38.8M |
| GEO CORRECTIONS HLDGS (GEO 6.5 02/23/26) | NOTE 6.500% 2/2 · principal | Sold out | 18,600,000 | $31.9Mbefore exit |
| MAXEON SOLAR TECH (MAXN 6.5 07/15/25) | NOTE 6.500% 7/1 · principal | Sold out | 56,573,000 | $31.2Mbefore exit |
| MANNKIND CORP (MNKD 2.5 03/01/26) | NOTE 2.500% 3/0 · principal | Reduce -10.3% | 21,900,000 | $26.5M |
| PLUG POWER INC (PLUG 3.75 06/01/25) | NOTE 3.750% 6/0 · principal | Add +131.7% | 25,909,000 | $24.4M |
| REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) | NOTE 1.750% 2/1 · principal | Add +14.1% | 36,429,000 | $23.9M |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | Add +5.0% | 21,000,000 | $17.9M |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | Add +36.9% | 16,700,000 | $16.7M |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | Reduce -15.8% | 21,255,000 | $15.6M |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | Reduce -6.7% | 41,685,000 | $14.6M |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 11,765,000 | $11.3Mbefore exit |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | New | 10,000,000 | $10.3M |
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 | 1,134 | $2.6B | NVDA, AMZN, GOOG, C, HYG |
| Q1 2026 | 1,056 | $2.2B | AMZN, NVDA, GOOG, EWY, C |
| Q4 2025 | 1,139 | $2.0B | IBIT, AMZN, META, EWC, NVDA |
| Q3 2025 | 1,146 | $1.8B | IBIT, GDX, XLU, AMZN, VTV |
| Q2 2025 | 1,220 | $3.3B | PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28), IBIT, COINBASE GLOBAL INC (COIN 0.5 06/01/26), PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30), NOVAVAX INC (NVAX 5 12/15/27) |
| Q1 2025 | 1,197 | $2.2B | IBIT, XLU, C, CME, META |
| Q4 2024 | 1,151 | $2.0B | IBIT, MSTR, NVDA, HYG, META |
| Q3 2024 | 1,008 | $1.9B | IBIT, META, MSFT, NVDA, WMT |
| Q2 2024 | 952 | $1.6B | IBIT, MSTR, META, HES, KO |
| Q1 2024 | 976 | $1.9B | IBIT, DG, AMZN, MSFT, MSTR |