HBK Investments L P
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), HBK Investments L P reported 74 stock positions worth $4.3 billion. Its top holding was Hess (HES) at 22.3% of the portfolio, followed by Kellanova (K, 16.2%) and Smartsheet Class A (SMAR, 8.9%). Compared with Q3 2024, it opened 34 new positions, sold out of 29, added to 18 and reduced 18. The biggest buy was a new position in Altair Engineering Class A (ALTR) and the biggest sale an exit from Marathon Oil (MRO).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001011443
- Portfolio Value
- $4.3B (Q4 2024)
- SEC Filing
- 0001011443-25-000014 ↗ filed Feb 14, 2025
Holdings Value
Holdings 74 stocks · $4.3B
| HES Hess Corp. | 22.35% | 7,237,911 | $962.7M | Add +1.7% |
| K Kellanova | 16.24% | 8,639,280 | $699.5M | Add +29.1% |
| SMAR Smartsheet Inc. Class A | 8.93% | 6,865,000 | $384.6M | Add +44.2% |
| ALTR Altair Engineering Inc. Class A | 7.04% | 2,779,518 | $303.3M | New |
| EDR Endeavor Group Hold Class A | 6.17% | 8,500,100 | $266.0M | Reduce -0.0% |
| SUM Summit Materials Inc. Class A | 5.35% | 4,554,192 | $230.4M | New |
| FBTC Fidelity Wise Origin Bitcoin | 5.31% | 2,805,036 | $228.8M | Add +14.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.63% | 340,000 | $199.3M | New |
| ARKB ARK 21SHARES Bitcoin ETF | 3.03% | 1,398,642 | $130.5M | Add +252.7% |
| BERY Berry Global Group Inc. | 2.87% | 1,911,621 | $123.6M | New |
| ROIC Retail Opportunity Investmen | 2.55% | 6,327,788 | $109.9M | New |
| ENLC Enlink Midstream LLC | 2.06% | 6,263,806 | $88.6M | New |
| HCP Hashicorp Inc. Class A | 1.03% | 1,299,979 | $44.5M | Reduce -68.6% |
| BITB Bitwise Bitcoin ETF | 1.03% | 869,006 | $44.2M | Add +2.2% |
| NWSA News Corp. Class A | 0.70% | 1,100,750 | $30.3M | Reduce -0.8% |
| EVRI Everi Holdings Inc. | 0.67% | 2,151,548 | $29.1M | New |
| QDEL Quidelortho Corp. | 0.65% | 629,771 | $28.1M | Add +91.0% |
| IWM iShares Russell 2000 ETF | 0.63% | 122,167 | $27.0M | New |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.61% | 522,152 | $26.1M | Reduce -8.7% |
| FETH Fidelity Ethereum Fund | 0.54% | 693,523 | $23.2M | Add +112.3% |
| SOLV Solventum Corp. | 0.53% | 347,583 | $23.0M | Add +89.0% |
| ACHR Archer Aviation Inc. Class A | 0.51% | 2,250,000 | $21.9M | No change |
| UBER Uber Technologies Inc. | 0.49% | 348,391 | $21.0M | Reduce -8.5% |
| SIRI Sirius XM Holdings Inc. | 0.48% | 906,666 | $20.7M | Add +4.2% |
| CON Concentra Group Holdings Par | 0.41% | 892,500 | $17.7M | New |
| BROS Dutch Bros Inc. Class A | 0.36% | 300,000 | $15.7M | Reduce -14.3% |
| BATRK Atlanta Braves Holdings in-C | 0.35% | 395,100 | $15.1M | Reduce -17.7% |
| DLTR Dollar Tree Inc. | 0.35% | 200,400 | $15.0M | New |
| FUN Six Flags Entertainment Corp. | 0.34% | 299,880 | $14.5M | Reduce -28.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.28% | 319,900 | $12.3M | New |
| PGRE Paramount Group Inc. | 0.27% | 2,396,622 | $11.8M | No change |
| ETHW Bitwise Ethereum ETF | 0.27% | 490,324 | $11.8M | Add +29.6% |
| ETH Grayscale Ethereum Staking M | 0.25% | 343,675 | $10.8M | Reduce -25.4% |
| BABA Alibaba Group Holding-SP ADR | 0.22% | 109,596 | $9.3M | Reduce -13.0% |
| BTSG Brightspring Health Services | 0.20% | 500,000 | $8.5M | Reduce -33.3% |
| GPN Global Payments Inc. | 0.18% | 68,155 | $7.6M | Add +12.7% |
| GTES Gates Industrial Corp. UK Ltd. | 0.17% | 350,000 | $7.2M | Reduce -22.2% |
| MAGN Magnera Corp. | 0.14% | 320,958 | $5.8M | New |
| UMBF Umb Financial Corp. | 0.13% | 51,074 | $5.8M | Add +44.6% |
| TEM Tempus AI Inc. Class A | 0.12% | 150,000 | $5.1M | New |
| BEAG Bold Eagle Acquisition Cor-A | 0.11% | 500,000 | $4.9M | New |
| TRIP Tripadvisor Inc. | 0.11% | 332,300 | $4.9M | New |
| IP International Paper Co. | 0.11% | 85,242 | $4.6M | Add +467.3% |
| LGF.B Lions Gate Entertainment-B | 0.10% | 595,000 | $4.5M | New |
| OS Onestream Inc. | 0.10% | 150,000 | $4.3M | Add +20.0% |
| IBTA Ibotta Inc. Class A | 0.09% | 60,000 | $3.9M | No change |
| ETHA iShares Ethereum Trust ETF | 0.09% | 152,651 | $3.9M | New |
| RPD RAPID7 Inc. | 0.08% | 83,300 | $3.4M | New |
| MTH Meritage Homes Corp. | 0.07% | 20,772 | $3.2M | Reduce -21.0% |
| PTON Peloton Interactive Inc. Class A | 0.07% | 366,785 | $3.2M | Add +96.9% |
| BTX BlackRock Tech & Priv Eqty | 0.06% | 320,800 | $2.4M | Reduce -5.3% |
| DDOG Datadog Inc. Class A | 0.05% | 15,500 | $2.2M | New |
| COIN Coinbase Global Inc. Class A | 0.05% | 8,797 | $2.2M | New |
| NEE Nextera Energy Inc. | 0.05% | 29,004 | $2.1M | Reduce -76.4% |
| ETHV Vaneck Ethereum ETF | 0.04% | 34,310 | $1.7M | No change |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.04% | 113,063 | $1.6M | Reduce -1.9% |
| SOFI Sofi Technologies Inc. | 0.04% | 100,000 | $1.5M | New |
| HTLF Heartland Financial USA Inc. | 0.03% | 23,558 | $1.4M | Add +42.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.03% | 5,000 | $1.4M | New |
| RIVN Rivian Automotive Inc. Class A | 0.03% | 93,183 | $1.2M | Add +39.4% |
| BSTZ BlackRock Sci & Tech TRM TR | 0.03% | 57,560 | $1.2M | Reduce -2.5% |
| EVGO Evgo Inc. | 0.02% | 250,000 | $1.0M | New |
| PCG P G & E Corp. | 0.02% | 50,000 | $1.0M | New |
| ESTC Elastic NV | 0.02% | 10,000 | $991K | New |
| KMT Kennametal Inc. | 0.02% | 39,770 | $955K | New |
| PACS Pacs Group Inc. | 0.02% | 65,000 | $852K | Reduce -35.0% |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 0.02% | 40,000 | $725K | New |
| VSTS Vestis Corp. | 0.02% | 47,207 | $719K | New |
| AVR Anteris Technologies Global | 0.01% | 85,000 | $474K | New |
| ALIT Alight Inc. Class A | 0.01% | 60,000 | $415K | New |
| LOAR Loar Holdings Inc. | 0.01% | 5,000 | $370K | New |
| MD Pediatrix Medical Group Inc. | 0.01% | 20,811 | $273K | New |
| SEM Select Medical Holdings Corp. | 0.00% | 10,000 | $189K | New |
| TARA Protara Therapeutic Inc. | 0.00% | 20,000 | $106K | New |
Options reported separately and not counted above: SPY calls ($914.5M), SPY puts ($491.7M), IWM puts ($238.5M), TKO puts ($199.0M), GLD puts ($74.5M), TSM puts ($70.3M), JETS puts ($62.5M), DASH puts ($57.9M), AGNC puts ($47.6M), TCOM puts ($47.1M), IWM calls ($44.2M), CNK puts ($39.0M), and 69 more.
Other holdings (41): bonds, preferreds, convertibles and warrants · $957.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | 56,288,000 | $87.9M | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 65,420,000 | $68.5M | Add +12.8% |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | 62,381,000 | $68.4M | Add +23.9% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 58,122,000 | $57.3M | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 25,645,000 | $56.8M | No change |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 36,130,000 | $51.3M | Add +7.4% |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | 31,732,000 | $49.0M | Add +52.7% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 33,382,000 | $38.5M | Reduce -13.0% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 30,014,000 | $37.4M | Reduce -26.6% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 36,408,000 | $36.6M | Reduce -24.2% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 25,000,000 | $33.3M | New |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 25,065,000 | $25.5M | Add +91.1% |
| LIVENT CORP (LTHM 4.125 07/15/25) | NOTE 4.125% 7/1 · principal | 16,801,000 | $24.5M | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 18,025,000 | $23.7M | Reduce -21.7% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 23,800,000 | $22.3M | Reduce -0.8% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 22,983,000 | $20.8M | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 20,000,000 | $20.1M | Reduce -48.4% |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | 20,000,000 | $19.9M | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 18,500,000 | $18.3M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 19,500,000 | $18.3M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 23,300,000 | $16.1M | No change |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 11,500,000 | $15.6M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 250,000 | $15.5M | Add +410.2% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 14,600,000 | $15.1M | Add +46.0% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 16,250,000 | $14.5M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 12,500,000 | $14.3M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 14,160,000 | $11.7M | Reduce -51.4% |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | 5,500,000 | $11.4M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 9,920,000 | $10.5M | Add +561.3% |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 9,056,000 | $9.0M | No change |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 10,352,000 | $8.0M | Add +392.5% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 150,000 | $7.3M | New |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | 6,232,000 | $6.1M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 100,000 | $5.0M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 5,000,000 | $4.8M | No change |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 5,000,000 | $3.6M | Reduce -50.0% |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 2,000,000 | $3.4M | New |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 3,000,000 | $2.8M | Reduce -60.0% |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 2,500,000 | $2.4M | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 4,450,000 | $1.9M | New |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 500,000 | $114K | New |
Total filed on the 13F, all lines: $5.3B.
Portfolio Sells Q3 2024 → Q4 2024
| MRO Marathon Oil Corp. | Sold out | 0.00% | −13.55 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −6.29 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −5.99 |
| CTLT Catalent Inc. | Sold out | 0.00% | −3.75 |
| AXONICS INC | Sold out | 0.00% | −3.70 |
| ENV Envestnet Inc. | Sold out | 0.00% | −2.68 |
| PRFT Perficient Inc. | Sold out | 0.00% | −2.44 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −2.16 |
| HCP Hashicorp Inc. Class A | Reduce -68.6% | 1.03% | −1.99 |
| CHX Championx Corp. | Sold out | 0.00% | −0.57 |
| PWSC Powerschool Holdings Inc. Class A | Sold out | 0.00% | −0.54 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -8.7% | 0.61% | −0.21 |
| LLYVA Liberty Media Corp.-Liberty-A | Sold out | 0.00% | −0.19 |
| FTRE Fortrea Holdings Inc. | Sold out | 0.00% | −0.19 |
| NEE Nextera Energy Inc. | Reduce -76.4% | 0.05% | −0.18 |
| UBER Uber Technologies Inc. | Reduce -8.5% | 0.49% | −0.13 |
| RCM R1 RCM Inc. | Sold out | 0.00% | −0.11 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.11 |
| LLYVK Liberty Media Corp.-Liberty-C | Sold out | 0.00% | −0.08 |
| BABA Alibaba Group Holding-SP ADR | Reduce -13.0% | 0.22% | −0.07 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −0.07 |
| PACS Pacs Group Inc. | Reduce -35.0% | 0.02% | −0.07 |
| BATRK Atlanta Braves Holdings in-C | Reduce -17.7% | 0.35% | −0.06 |
| BKV BKV Corporation | Sold out | 0.00% | −0.06 |
| IONS Ionis Pharmaceuticals Inc. | Sold out | 0.00% | −0.05 |
| MTH Meritage Homes Corp. | Reduce -21.0% | 0.07% | −0.04 |
| BTSG Brightspring Health Services | Reduce -33.3% | 0.20% | −0.04 |
| FUN Six Flags Entertainment Corp. | Reduce -28.6% | 0.34% | −0.03 |
| RITM Rithm Capital Corp. | Sold out | 0.00% | −0.02 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.02 |
| HLF Herbalife Ltd. | Sold out | 0.00% | −0.02 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.02 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.01 |
| CWST Casella Waste Systems Inc. Class A | Sold out | 0.00% | −0.01 |
| ECAT BlackRock ESG Cap All TRM TR | Sold out | 0.00% | −0.01 |
| WELL Welltower Inc. | Sold out | 0.00% | −0.01 |
| MHN BlackRock Muniholding NY QLT | Sold out | 0.00% | −0.00 |
| GTES Gates Industrial Corp. UK Ltd. | Reduce -22.2% | 0.17% | −0.00 |
| RKLB Rocket Lab USA Inc. | Sold out | 0.00% | −0.00 |
| BMEZ BlackRock HLTH Sci TRM TR II | Reduce -1.9% | 0.04% | −0.00 |
| BTX BlackRock Tech & Priv Eqty | Reduce -5.3% | 0.06% | +0.00 |
| BSTZ BlackRock Sci & Tech TRM TR | Reduce -2.5% | 0.03% | +0.00 |
| ETH Grayscale Ethereum Staking M | Reduce -25.4% | 0.25% | +0.01 |
| NWSA News Corp. Class A | Reduce -0.8% | 0.70% | +0.07 |
| BROS Dutch Bros Inc. Class A | Reduce -14.3% | 0.36% | +0.12 |
| EDR Endeavor Group Hold Class A | Reduce -0.0% | 6.17% | +0.95 |
Portfolio Buys Q3 2024 → Q4 2024
| ALTR Altair Engineering Inc. Class A | New | 7.04% | +7.04 |
| SUM Summit Materials Inc. Class A | New | 5.35% | +5.35 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 4.63% | +4.63 |
| K Kellanova | Add +29.1% | 16.24% | +4.61 |
| SMAR Smartsheet Inc. Class A | Add +44.2% | 8.93% | +3.25 |
| BERY Berry Global Group Inc. | New | 2.87% | +2.87 |
| ROIC Retail Opportunity Investmen | New | 2.55% | +2.55 |
| ARKB ARK 21SHARES Bitcoin ETF | Add +252.7% | 3.03% | +2.49 |
| FBTC Fidelity Wise Origin Bitcoin | Add +14.4% | 5.31% | +2.38 |
| ENLC Enlink Midstream LLC | New | 2.06% | +2.06 |
| HES Hess Corp. | Add +1.7% | 22.35% | +1.53 |
| EVRI Everi Holdings Inc. | New | 0.67% | +0.67 |
| IWM iShares Russell 2000 ETF | New | 0.63% | +0.63 |
| CON Concentra Group Holdings Par | New | 0.41% | +0.41 |
| BITB Bitwise Bitcoin ETF | Add +2.2% | 1.03% | +0.39 |
| FETH Fidelity Ethereum Fund | Add +112.3% | 0.54% | +0.36 |
| DLTR Dollar Tree Inc. | New | 0.35% | +0.35 |
| QDEL Quidelortho Corp. | Add +91.0% | 0.65% | +0.33 |
| SLB SLB Ltd. | New | 0.28% | +0.28 |
| SOLV Solventum Corp. | Add +89.0% | 0.53% | +0.26 |
| MAGN Magnera Corp. | New | 0.14% | +0.14 |
| ETHW Bitwise Ethereum ETF | Add +29.6% | 0.27% | +0.12 |
| TEM Tempus AI Inc. Class A | New | 0.12% | +0.12 |
| BEAG Bold Eagle Acquisition Cor-A | New | 0.11% | +0.11 |
| TRIP Tripadvisor Inc. | New | 0.11% | +0.11 |
| LGF.B Lions Gate Entertainment-B | New | 0.10% | +0.10 |
| IP International Paper Co. | Add +467.3% | 0.11% | +0.09 |
| ETHA iShares Ethereum Trust ETF | New | 0.09% | +0.09 |
| RPD RAPID7 Inc. | New | 0.08% | +0.08 |
| PTON Peloton Interactive Inc. Class A | Add +96.9% | 0.07% | +0.06 |
| UMBF Umb Financial Corp. | Add +44.6% | 0.13% | +0.05 |
| DDOG Datadog Inc. Class A | New | 0.05% | +0.05 |
| COIN Coinbase Global Inc. Class A | New | 0.05% | +0.05 |
| GPN Global Payments Inc. | Add +12.7% | 0.18% | +0.04 |
| SIRI Sirius XM Holdings Inc. | Add +4.2% | 0.48% | +0.04 |
| SOFI Sofi Technologies Inc. | New | 0.04% | +0.04 |
| AJG Arthur J Gallagher & Co. | New | 0.03% | +0.03 |
| EVGO Evgo Inc. | New | 0.02% | +0.02 |
| PCG P G & E Corp. | New | 0.02% | +0.02 |
| ESTC Elastic NV | New | 0.02% | +0.02 |
| KMT Kennametal Inc. | New | 0.02% | +0.02 |
| PLGO Pelagos Insurance Capital LT | New | 0.02% | +0.02 |
| VSTS Vestis Corp. | New | 0.02% | +0.02 |
| HTLF Heartland Financial USA Inc. | Add +42.9% | 0.03% | +0.01 |
| RIVN Rivian Automotive Inc. Class A | Add +39.4% | 0.03% | +0.01 |
| AVR Anteris Technologies Global | New | 0.01% | +0.01 |
| ALIT Alight Inc. Class A | New | 0.01% | +0.01 |
| LOAR Loar Holdings Inc. | New | 0.01% | +0.01 |
| OS Onestream Inc. | Add +20.0% | 0.10% | +0.01 |
| MD Pediatrix Medical Group Inc. | New | 0.01% | +0.01 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -37.0% | 1,560,400 | $914.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -61.1% | 838,900 | $491.7M |
| IWM iShares Russell 2000 ETF | put | Reduce -3.7% | 1,079,300 | $238.5M |
| TKO Tko Group Holdings Inc. | put | New | 1,400,000 | $199.0M |
| GLD SPDR Gold Shares | put | Add +112.9% | 307,600 | $74.5M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -3.7% | 356,000 | $70.3M |
| JETS US Global Jets ETF | put | Reduce -11.8% | 2,464,700 | $62.5M |
| DASH DoorDash Inc. Class A | put | Add +14.6% | 345,200 | $57.9M |
| AGNC AGNC Investment Corp. | put | Add +82.4% | 5,170,000 | $47.6M |
| IWM iShares Russell 2000 ETF | call | Reduce -60.0% | 200,000 | $44.2M |
| CNK Cinemark Holdings Inc. | put | Reduce -11.4% | 1,259,600 | $39.0M |
| CVX Chevron Corp. | call | Reduce -0.4% | 249,300 | $36.1M |
| RSP Invesco S&P 500 Equal Weight | call | New | 200,000 | $35.0M |
| XOP SS SPDR S&P Og Exp & Prod | put | Add +30.0% | 252,000 | $33.4M |
| MSTR Strategy Inc. | put | Reduce -1.1% | 106,000 | $30.7M |
| CPRI Capri Holdings Ltd. | call | Sold out | 500,000 | $21.2Mbefore exit |
| X United States Steel Corp. | call | Add +483.3% | 583,300 | $19.8M |
| CVLT Commvault Systems Inc. | put | New | 109,900 | $16.6M |
| SLV iShares Silver Trust | put | Add +19.6% | 621,800 | $16.4M |
| PMT Pennymac Mortgage Investment | put | Add +31.9% | 1,103,700 | $13.9M |
| CPRI Capri Holdings Ltd. | put | Sold out | 300,000 | $12.7Mbefore exit |
| BATRK Atlanta Braves Holdings in-C | call | New | 300,000 | $11.5M |
| EQIX Equinix Inc. | put | New | 10,000 | $9.4M |
| SIRI Sirius XM Holdings Inc. | call | New | 369,100 | $8.4M |
| SIRI Sirius XM Holdings Inc. | put | New | 369,000 | $8.4M |
| IBIT iShares Bitcoin Trust ETF | put | New | 131,400 | $7.0M |
| EXAS Exact Sciences Corp. | call | Sold out | 93,100 | $6.3Mbefore exit |
| BA The Boeing Co. | call | New | 34,500 | $6.1M |
| TRIP Tripadvisor Inc. | put | Reduce -52.6% | 332,300 | $4.9M |
| UAL United Airlines Holdings Inc. | put | Reduce -3.9% | 49,300 | $4.8M |
| AGNC AGNC Investment Corp. | call | New | 400,000 | $3.7M |
| INFN Infinera Corp. | put | Add +11.3% | 556,400 | $3.7M |
| UBER Uber Technologies Inc. | put | Add +130.0% | 57,500 | $3.5M |
| UBER Uber Technologies Inc. | call | Add +130.0% | 57,500 | $3.5M |
| AAL American Airlines Group Inc. | put | Reduce -3.0% | 194,400 | $3.4M |
| DAL Delta Air Lines Inc. | put | Reduce -3.8% | 50,500 | $3.1M |
| VSTS Vestis Corp. | call | New | 200,000 | $3.0M |
| CHTR Charter Communications Inc. Class A | put | Add +14.5% | 8,700 | $3.0M |
| TWO Two Harbors Investment Corp. | call | New | 250,000 | $3.0M |
| PTON Peloton Interactive Inc. Class A | call | Add +281.5% | 326,600 | $2.8M |
| HLF Herbalife Ltd. | put | Reduce -57.6% | 366,000 | $2.4M |
| ARCC Ares Capital Corp. | put | Reduce -66.7% | 100,000 | $2.2M |
| NEE Nextera Energy Inc. | call | Add +205.6% | 27,500 | $2.0M |
| NEE Nextera Energy Inc. | put | Add +205.6% | 27,500 | $2.0M |
| BXMT Blackstone Mortgage Tru Class A | call | Sold out | 100,000 | $1.9Mbefore exit |
| HLF Herbalife Ltd. | call | New | 255,000 | $1.7M |
| NIO Nio Inc. - ADR | put | New | 377,000 | $1.6M |
| FIVN FIVE9 Inc. | call | New | 40,400 | $1.6M |
| RWT Redwood Trust Inc. | put | Reduce -13.8% | 250,000 | $1.6M |
| COIN Coinbase Global Inc. Class A | put | Reduce -56.5% | 6,000 | $1.5M |
Showing the first 50 of 65.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | New | 56,288,000 | $87.9M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Add +12.8% | 65,420,000 | $68.5M |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | Add +23.9% | 62,381,000 | $68.4M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Add +7.4% | 36,130,000 | $51.3M |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | Add +52.7% | 31,732,000 | $49.0M |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | Reduce -13.0% | 33,382,000 | $38.5M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Reduce -26.6% | 30,014,000 | $37.4M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Reduce -24.2% | 36,408,000 | $36.6M |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | Sold out | 35,780,000 | $35.4Mbefore exit |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | New | 25,000,000 | $33.3M |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | Add +91.1% | 25,065,000 | $25.5M |
| LIVENT CORP (LTHM 4.125 07/15/25) | NOTE 4.125% 7/1 · principal | New | 16,801,000 | $24.5M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Reduce -21.7% | 18,025,000 | $23.7M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -0.8% | 23,800,000 | $22.3M |
| GLAUKOS CORP (GKOS 2.75 06/15/27) | NOTE 2.750% 6/1 · principal | Sold out | 9,206,000 | $21.7Mbefore exit |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | New | 22,983,000 | $20.8M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Reduce -48.4% | 20,000,000 | $20.1M |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | New | 20,000,000 | $19.9M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | New | 11,500,000 | $15.6M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +410.2% | 250,000 | $15.5M |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | Add +46.0% | 14,600,000 | $15.1M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 16,250,000 | $14.5M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 12,500,000 | $14.3M |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | Sold out | 14,640,000 | $13.6Mbefore exit |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -51.4% | 14,160,000 | $11.7M |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | New | 5,500,000 | $11.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Add +561.3% | 9,920,000 | $10.5M |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | Add +392.5% | 10,352,000 | $8.0M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | New | 150,000 | $7.3M |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | Sold out | 7,000,000 | $6.9Mbefore exit |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Sold out | 5,900,000 | $6.7Mbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 100,000 | $5.0M |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | Reduce -50.0% | 5,000,000 | $3.6M |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | New | 2,000,000 | $3.4M |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | Reduce -60.0% | 3,000,000 | $2.8M |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | Sold out | 2,500,000 | $2.5Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | New | 4,450,000 | $1.9M |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | New | 500,000 | $114K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 128 | $7.8B | BLD, EA, PEN, NSC, KVUE |
| Q1 2026 | 160 | $7.3B | HOLX, EA, PEN, NSC, MASI |
| Q4 2025 | 112 | $8.5B | CYBR, EXAS, HOLX, NSC, DAY |
| Q3 2025Amended | 105 | $6.0B | CYBR, VRNA, GTLS, NSC, LBRDK |
| Q2 2025Amended | 91 | $5.0B | HES, K, BPMC, AZEK, ESGR |
| Q1 2025Amended | 74 | $5.0B | HES, K, ITCI, BERY, BECN |
| Q4 2024Amended | 74 | $4.3B | HES, K, SMAR, ALTR, EDR |
| Q3 2024Amended | 69 | $4.6B | HES, MRO, K, SWN, SRCL |
| Q2 2024Amended | 70 | $3.6B | HES, WRK, EDR, MRO, ETRN |
| Q1 2024Amended | 61 | $3.5B | PXD, HES, WRK, FBTC, AXONICS INC |