HBK Investments L P
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), HBK Investments L P reported 91 stock positions worth $5.0 billion. Its top holding was Hess (HES) at 25.2% of the portfolio, followed by Kellanova (K, 13.9%) and Blueprint Medicines (BPMC, 8.3%). Compared with Q1 2025, it opened 51 new positions, sold out of 34, added to 21 and reduced 14. The biggest buy was a new position in Blueprint Medicines (BPMC) and the biggest sale an exit from Intra-Cellular Therapies (ITCI).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001011443
- Portfolio Value
- $5.0B (Q2 2025)
- SEC Filing
- 0001011443-25-000031 ↗ filed Aug 13, 2025
Holdings Value
Holdings 91 stocks · $5.0B
| HES Hess Corp. | 25.17% | 9,000,100 | $1.2B | Add +22.4% |
| K Kellanova | 13.95% | 8,685,000 | $690.7M | Reduce -13.1% |
| BPMC Blueprint Medicines Corp. | 8.28% | 3,200,924 | $410.3M | New |
| AZEK The Azek Co. Inc. | 7.72% | 7,050,978 | $382.5M | Add +299.7% |
| ESGR Enstar Group Ltd. | 5.05% | 743,533 | $250.1M | Add +1.1% |
| CHX Championx Corp. | 4.26% | 8,498,914 | $211.1M | New |
| INFA Informatica Inc. Class A | 4.08% | 8,298,906 | $202.1M | New |
| DNB Dun & Bradstreet Holdings Inc. | 3.95% | 21,496,107 | $195.4M | New |
| SKX Skechers USA Inc. Class A | 2.99% | 2,347,866 | $148.2M | New |
| IPG Interpublic Group of Cos Inc. | 2.96% | 5,990,648 | $146.7M | Add +117.6% |
| SWTX Springworks Therapeutics Inc. | 2.48% | 2,608,340 | $122.6M | New |
| ARKB ARK 21SHARES Bitcoin ETF | 2.36% | 3,267,144 | $116.9M | Add +33.3% |
| GMS GMS Inc. | 1.55% | 704,721 | $76.6M | New |
| FBTC Fidelity Wise Origin Bitcoin | 1.48% | 780,164 | $73.3M | Add +77.0% |
| RDFN Redfin Corp. | 1.28% | 5,662,087 | $63.6M | New |
| EVRI Everi Holdings Inc. | 1.22% | 4,233,491 | $60.3M | Add +16.5% |
| ANSS Ansys Inc. | 1.21% | 170,582 | $59.9M | New |
| UBER Uber Technologies Inc. | 0.90% | 479,421 | $44.7M | Add +3.1% |
| NWSA News Corp. Class A | 0.69% | 1,156,250 | $34.4M | Add +4.2% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.57% | 412,652 | $28.4M | No change |
| SOLV Solventum Corp. | 0.55% | 361,984 | $27.5M | Add +4.1% |
| ETH Grayscale Ethereum Staking M | 0.51% | 1,066,160 | $25.3M | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.49% | 423,822 | $24.4M | New |
| WBD Warner Bros Discovery Inc. | 0.41% | 1,786,438 | $20.5M | Add +13.1% |
| FETH Fidelity Ethereum Fund | 0.40% | 794,238 | $20.0M | Add +150.7% |
| BATRK Atlanta Braves Holdings in-C | 0.40% | 420,898 | $19.7M | Add +5.6% |
| CON Concentra Group Holdings Par | 0.36% | 876,155 | $18.0M | Add +14.4% |
| LLYVA Liberty Media Corp.-Liberty-A | 0.30% | 185,431 | $14.7M | Add +13.7% |
| BITB Bitwise Bitcoin ETF | 0.30% | 251,122 | $14.7M | Reduce -3.5% |
| SNDK Sandisk Corp. | 0.25% | 274,123 | $12.4M | Add +31.1% |
| FUN Six Flags Entertainment Corp. | 0.24% | 397,561 | $12.1M | Reduce -11.6% |
| MRP Millrose Properties | 0.23% | 400,000 | $11.4M | No change |
| ACHR Archer Aviation Inc. Class A | 0.22% | 1,000,000 | $10.8M | Reduce -33.3% |
| BTC Grayscale Bitcoin Mini ETF | 0.22% | 226,705 | $10.8M | New |
| QXO Qxo Inc. | 0.22% | 500,000 | $10.8M | New |
| BTSG Brightspring Health Services | 0.21% | 450,000 | $10.6M | Add +12.5% |
| ETHW Bitwise Ethereum ETF | 0.19% | 518,337 | $9.4M | Add +25.4% |
| PGRE Paramount Group Inc. | 0.16% | 1,316,460 | $8.0M | Reduce -52.9% |
| JENA.U Jena Acquisition Corp. II | 0.15% | 700,000 | $7.2M | New |
| TRIP Tripadvisor Inc. | 0.14% | 525,000 | $6.9M | Add +5.0% |
| DLR Digital Realty Trust Inc. | 0.13% | 37,000 | $6.5M | New |
| BEAG Bold Eagle Acquisition Cor-A | 0.11% | 500,000 | $5.2M | No change |
| GTENU Gores Holdings X Inc. | 0.10% | 500,000 | $5.2M | New |
| AACB Artius II Acquisition Inc. Class A | 0.10% | 500,000 | $5.1M | No change |
| SITM Sitime Corp. | 0.10% | 22,500 | $4.8M | New |
| TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V | 0.09% | 400,000 | $4.3M | No change |
| CAEP Cantor Equity Partners III-A | 0.09% | 400,000 | $4.2M | New |
| PMTRU Perimeter Acquisition Corp. I | 0.09% | 400,000 | $4.2M | New |
| ETHA iShares Ethereum Trust ETF | 0.08% | 199,020 | $3.8M | New |
| SIRI Sirius XM Holdings Inc. | 0.07% | 157,904 | $3.6M | Reduce -75.4% |
| DDOG Datadog Inc. Class A | 0.07% | 25,024 | $3.4M | Reduce -10.2% |
| SDHI Siddhi Acquisition Corp. Class A | 0.06% | 300,000 | $3.0M | New |
| LCID Lucid Group Inc. | 0.05% | 1,259,500 | $2.7M | New |
| MNTN MNTN Inc. Class A | 0.04% | 100,000 | $2.2M | New |
| LION Lionsgate Studios Corp. | 0.04% | 369,690 | $2.1M | New |
| CEPO Cantor Equity Partners I-A | 0.04% | 175,000 | $2.1M | Reduce -30.0% |
| HNGE Hinge Health Inc. Class A | 0.04% | 40,000 | $2.1M | New |
| KRT Karat Packaging Inc. | 0.04% | 70,000 | $2.0M | New |
| GPN Global Payments Inc. | 0.03% | 20,926 | $1.7M | Reduce -75.8% |
| WDC Western Digital Corp. | 0.03% | 26,041 | $1.7M | Reduce -86.0% |
| CEPT Cantor Equity Partners Class A | 0.03% | 150,000 | $1.7M | New |
| SCCO Southern Copper Corp. | 0.03% | 15,000 | $1.5M | New |
| WELL Welltower Inc. | 0.03% | 9,244 | $1.4M | New |
| OMDA Omada Health Inc. | 0.03% | 75,000 | $1.4M | New |
| FIGXU Figx Capital Acquisition Cor | 0.03% | 125,000 | $1.3M | New |
| CHYM Chime Financial Inc. Class A | 0.02% | 34,500 | $1.2M | New |
| LYV Live Nation Entertainment Inc. | 0.02% | 7,501 | $1.1M | New |
| MTH Meritage Homes Corp. | 0.02% | 16,189 | $1.1M | Reduce -6.2% |
| BSTZ BlackRock Sci & Tech TRM TR | 0.02% | 52,222 | $1.1M | Add +2.2% |
| PCAPU Procap Acquisition Corp. | 0.02% | 100,000 | $1.1M | New |
| ALLT Allot Ltd. | 0.02% | 125,000 | $1.1M | New |
| VIK Viking Holdings Ltd. | 0.02% | 20,000 | $1.1M | New |
| TSLA Tesla Inc. | 0.02% | 3,183 | $1.0M | Add +27.2% |
| MIR Mirion Technologies Inc. | 0.02% | 42,998 | $926K | New |
| BTX BlackRock Tech & Priv Eqty | 0.02% | 119,957 | $880K | Reduce -43.5% |
| GME Gamestop Corp. Class A | 0.01% | 28,528 | $696K | New |
| VOYG Voyager Technologies Inc. Class A | 0.01% | 17,500 | $687K | New |
| TTAN Servicetitan Inc. Class A | 0.01% | 5,000 | $536K | New |
| LOAR Loar Holdings Inc. | 0.01% | 5,000 | $431K | New |
| OKLO Oklo Inc. | 0.01% | 7,500 | $420K | New |
| CAI Caris Life Sciences Inc. | 0.01% | 11,000 | $294K | New |
| NVDA Nvidia Corp. | 0.01% | 1,821 | $288K | Reduce -57.1% |
| ASIC Ategrity Specialty Holdings | 0.01% | 12,002 | $258K | New |
| KVYO Klaviyo Inc. Class A | 0.01% | 7,500 | $252K | New |
| LLYVK Liberty Media Corp.-Liberty-C | 0.00% | 2,976 | $242K | New |
| AIRO Airo Group Holdings Inc. | 0.00% | 10,000 | $241K | New |
| RKLB Rocket Lab Corp. | 0.00% | 6,300 | $225K | New |
| NEE Nextera Energy Inc. | 0.00% | 3,217 | $223K | New |
| AMZN Amazon.com Inc. | 0.00% | 1,011 | $222K | Reduce -33.4% |
| GLXY Galaxy Digital Inc. Class A | 0.00% | 10,000 | $219K | New |
| SLDE Slide Insurance Holdings Inc. | 0.00% | 10,000 | $217K | New |
Options reported separately and not counted above: SPY puts ($362.8M), GLD puts ($203.4M), SPY calls ($185.4M), MSTR puts ($147.8M), XOP puts ($109.3M), TSM puts ($76.8M), IWM puts ($65.4M), DASH puts ($65.1M), IBIT puts ($63.9M), NVDA puts ($55.7M), CNK puts ($43.0M), CVLT puts ($40.6M), and 76 more.
Other holdings (36): bonds, preferreds, convertibles and warrants · $675.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 43,244,000 | $79.5M | New |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 62,077,000 | $61.7M | Add +6.8% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 19,107,000 | $53.2M | Reduce -45.6% |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 32,000,000 | $41.5M | New |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 27,500,000 | $35.8M | New |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 26,500,000 | $33.1M | Add +9.8% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 23,000,000 | $29.3M | New |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 40,750,000 | $27.9M | Add +1.9% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 19,000,000 | $27.8M | No change |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 24,957,000 | $24.2M | No change |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 19,882,000 | $22.9M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 17,500,000 | $22.2M | Reduce -30.0% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 21,840,000 | $21.8M | No change |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 20,250,000 | $20.6M | New |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 18,056,000 | $18.1M | Add +99.4% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 20,000,000 | $18.0M | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 24,300,000 | $15.4M | Add +4.3% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 14,600,000 | $15.2M | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 15,000,000 | $14.9M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 14,000,000 | $13.1M | Reduce -28.2% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 10,000,000 | $12.4M | Reduce -61.0% |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 10,000,000 | $11.9M | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 6,805,000 | $9.2M | Reduce -65.6% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 8,500,000 | $9.1M | New |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 4,830,000 | $8.0M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 100,000 | $5.9M | Reduce -33.3% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 100,000 | $5.4M | Add +127.3% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 100,000 | $4.7M | Reduce -33.3% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 100,000 | $3.8M | No change |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 3,250,000 | $3.1M | Reduce -77.2% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 5,000,000 | $2.9M | No change |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 2,500,000 | $2.5M | No change |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 500,000 | $140K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 200,000 | $140K | No change |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 300,000 | $69K | New |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 125,000 | $39K | Reduce -75.0% |
Total filed on the 13F, all lines: $5.6B.
Portfolio Sells Q1 2025 → Q2 2025
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −11.56 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −8.01 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −7.58 |
| PYCR Paycor HCM Inc. | Sold out | 0.00% | −4.01 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −3.73 |
| K Kellanova | Reduce -13.1% | 13.95% | −2.53 |
| DFS Discover Financial Services | Sold out | 0.00% | −2.03 |
| HEES H&E Equipment Services Inc. | Sold out | 0.00% | −1.79 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.82 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.49 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.40 |
| QDEL Quidelortho Corp. | Sold out | 0.00% | −0.34 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.30 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −0.25 |
| SIRI Sirius XM Holdings Inc. | Reduce -75.4% | 0.07% | −0.22 |
| SGRY Surgery Partners Inc. | Sold out | 0.00% | −0.21 |
| GPN Global Payments Inc. | Reduce -75.8% | 0.03% | −0.14 |
| SAIL Sailpoint Inc. | Sold out | 0.00% | −0.13 |
| WDC Western Digital Corp. | Reduce -86.0% | 0.03% | −0.12 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.11 |
| MAGN Magnera Corp. | Sold out | 0.00% | −0.10 |
| SFD Smithfield Foods Inc. | Sold out | 0.00% | −0.08 |
| PGRE Paramount Group Inc. | Reduce -52.9% | 0.16% | −0.08 |
| FUN Six Flags Entertainment Corp. | Reduce -11.6% | 0.24% | −0.08 |
| GTES Gates Industrial Corp. UK Ltd. | Sold out | 0.00% | −0.07 |
| KRMN Karman Holdings Inc. | Sold out | 0.00% | −0.07 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.07 |
| LGF.B Lions Gate Entertainment-B | Sold out | 0.00% | −0.06 |
| LCII Lci Industries | Sold out | 0.00% | −0.04 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.03 |
| FTRE Fortrea Holdings Inc. | Sold out | 0.00% | −0.03 |
| ADT Adt Inc. | Sold out | 0.00% | −0.03 |
| PTON Peloton Interactive Inc. Class A | Sold out | 0.00% | −0.03 |
| LTH Life Time Group Holdings Inc. | Sold out | 0.00% | −0.02 |
| BBIO Bridgebio Pharma Inc. | Sold out | 0.00% | −0.01 |
| CEPO Cantor Equity Partners I-A | Reduce -30.0% | 0.04% | −0.01 |
| BTX BlackRock Tech & Priv Eqty | Reduce -43.5% | 0.02% | −0.01 |
| BMEZ BlackRock HLTH Sci TRM TR II | Sold out | 0.00% | −0.01 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.01 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.01 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.00 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.00 |
| NVDA Nvidia Corp. | Reduce -57.1% | 0.01% | −0.00 |
| MTH Meritage Homes Corp. | Reduce -6.2% | 0.02% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -33.4% | 0.00% | −0.00 |
| ACHR Archer Aviation Inc. Class A | Reduce -33.3% | 0.22% | +0.01 |
| DDOG Datadog Inc. Class A | Reduce -10.2% | 0.07% | +0.01 |
| BITB Bitwise Bitcoin ETF | Reduce -3.5% | 0.30% | +0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| BPMC Blueprint Medicines Corp. | New | 8.28% | +8.28 |
| AZEK The Azek Co. Inc. | Add +299.7% | 7.72% | +6.00 |
| CHX Championx Corp. | New | 4.26% | +4.26 |
| INFA Informatica Inc. Class A | New | 4.08% | +4.08 |
| DNB Dun & Bradstreet Holdings Inc. | New | 3.95% | +3.95 |
| SKX Skechers USA Inc. Class A | New | 2.99% | +2.99 |
| SWTX Springworks Therapeutics Inc. | New | 2.48% | +2.48 |
| HES Hess Corp. | Add +22.4% | 25.17% | +1.70 |
| GMS GMS Inc. | New | 1.55% | +1.55 |
| IPG Interpublic Group of Cos Inc. | Add +117.6% | 2.96% | +1.47 |
| RDFN Redfin Corp. | New | 1.28% | +1.28 |
| ANSS Ansys Inc. | New | 1.21% | +1.21 |
| ARKB ARK 21SHARES Bitcoin ETF | Add +33.3% | 2.36% | +1.02 |
| FBTC Fidelity Wise Origin Bitcoin | Add +77.0% | 1.48% | +0.85 |
| ETH Grayscale Ethereum Staking M | New | 0.51% | +0.51 |
| RYAAY Ryanair Holdings PLC-SP ADR | New | 0.49% | +0.49 |
| FETH Fidelity Ethereum Fund | Add +150.7% | 0.40% | +0.29 |
| UBER Uber Technologies Inc. | Add +3.1% | 0.90% | +0.23 |
| EVRI Everi Holdings Inc. | Add +16.5% | 1.22% | +0.23 |
| BTC Grayscale Bitcoin Mini ETF | New | 0.22% | +0.22 |
| QXO Qxo Inc. | New | 0.22% | +0.22 |
| ESGR Enstar Group Ltd. | Add +1.1% | 5.05% | +0.16 |
| JENA.U Jena Acquisition Corp. II | New | 0.15% | +0.15 |
| DLR Digital Realty Trust Inc. | New | 0.13% | +0.13 |
| GTENU Gores Holdings X Inc. | New | 0.10% | +0.10 |
| SITM Sitime Corp. | New | 0.10% | +0.10 |
| NWSA News Corp. Class A | Add +4.2% | 0.69% | +0.09 |
| CAEP Cantor Equity Partners III-A | New | 0.09% | +0.09 |
| PMTRU Perimeter Acquisition Corp. I | New | 0.09% | +0.09 |
| ETHW Bitwise Ethereum ETF | Add +25.4% | 0.19% | +0.08 |
| BATRK Atlanta Braves Holdings in-C | Add +5.6% | 0.40% | +0.08 |
| LLYVA Liberty Media Corp.-Liberty-A | Add +13.7% | 0.30% | +0.08 |
| ETHA iShares Ethereum Trust ETF | New | 0.08% | +0.08 |
| WBD Warner Bros Discovery Inc. | Add +13.1% | 0.41% | +0.07 |
| BTSG Brightspring Health Services | Add +12.5% | 0.21% | +0.07 |
| SDHI Siddhi Acquisition Corp. Class A | New | 0.06% | +0.06 |
| LCID Lucid Group Inc. | New | 0.05% | +0.05 |
| SNDK Sandisk Corp. | Add +31.1% | 0.25% | +0.05 |
| MNTN MNTN Inc. Class A | New | 0.04% | +0.04 |
| LION Lionsgate Studios Corp. | New | 0.04% | +0.04 |
| HNGE Hinge Health Inc. Class A | New | 0.04% | +0.04 |
| KRT Karat Packaging Inc. | New | 0.04% | +0.04 |
| CEPT Cantor Equity Partners Class A | New | 0.03% | +0.03 |
| CON Concentra Group Holdings Par | Add +14.4% | 0.36% | +0.03 |
| SCCO Southern Copper Corp. | New | 0.03% | +0.03 |
| WELL Welltower Inc. | New | 0.03% | +0.03 |
| OMDA Omada Health Inc. | New | 0.03% | +0.03 |
| SOLV Solventum Corp. | Add +4.1% | 0.55% | +0.03 |
| FIGXU Figx Capital Acquisition Cor | New | 0.03% | +0.03 |
| CHYM Chime Financial Inc. Class A | New | 0.02% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +71.4% | 587,200 | $362.8M |
| GLD SPDR Gold Shares | put | Add +103.7% | 667,200 | $203.4M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +100.0% | 300,000 | $185.4M |
| MSTR Strategy Inc. | put | Add +35.0% | 365,700 | $147.8M |
| XOP SS SPDR S&P Og Exp & Prod | put | Add +244.8% | 869,000 | $109.3M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -4.8% | 338,900 | $76.8M |
| IWM iShares Russell 2000 ETF | put | Reduce -57.0% | 303,200 | $65.4M |
| DASH DoorDash Inc. Class A | put | New | 264,100 | $65.1M |
| IBIT iShares Bitcoin Trust ETF | put | Add +96.4% | 1,043,900 | $63.9M |
| NVDA Nvidia Corp. | put | Add +198.6% | 352,300 | $55.7M |
| CVLT Commvault Systems Inc. | put | Add +11.0% | 232,900 | $40.6M |
| X United States Steel Corp. | call | Sold out | 850,000 | $35.9Mbefore exit |
| LTM Latam Airlines Group SA-ADR | put | New | 833,300 | $33.9M |
| NLY Annaly Capital Management Inc. | put | Add +245.0% | 1,725,000 | $32.5M |
| NBIS Nebius Group NV | put | New | 576,800 | $31.9M |
| COST Costco Wholesale Corp. | put | New | 31,600 | $31.3M |
| CPA Copa Holdings SA Class A | put | New | 277,800 | $30.5M |
| CNK Cinemark Holdings Inc. | call | Reduce -10.3% | 826,900 | $25.0M |
| WMT Walmart Inc. | put | New | 252,900 | $24.7M |
| AGNC AGNC Investment Corp. | put | Reduce -52.7% | 2,634,200 | $24.2M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +84.2% | 40,700 | $22.5M |
| SIRI Sirius XM Holdings Inc. | call | Add +388.1% | 937,600 | $21.5M |
| DDOG Datadog Inc. Class A | call | Add +2383.9% | 154,000 | $20.7M |
| EWZ iShares MSCI Brazil ETF | put | Sold out | 780,500 | $20.2Mbefore exit |
| TSLA Tesla Inc. | put | Add +364.2% | 55,700 | $17.7M |
| IWM iShares Russell 2000 ETF | call | New | 80,200 | $17.3M |
| VALE Vale SA-SP ADR | put | Sold out | 1,510,000 | $15.1Mbefore exit |
| GME Gamestop Corp. Class A | put | New | 587,200 | $14.3M |
| FUN Six Flags Entertainment Corp. | put | New | 400,000 | $12.2M |
| LDOS Leidos Holdings Inc. | put | Reduce -17.5% | 74,900 | $11.8M |
| JETS US Global Jets ETF | put | Reduce -4.3% | 513,300 | $11.8M |
| XOP SS SPDR S&P Og Exp & Prod | call | New | 83,300 | $10.5M |
| GME Gamestop Corp. Class A | call | New | 385,200 | $9.4M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | New | 84,000 | $9.2M |
| ARCC Ares Capital Corp. | put | Add +242.8% | 400,000 | $8.8M |
| EQIX Equinix Inc. | put | Sold out | 10,400 | $8.5Mbefore exit |
| META Meta Platforms Inc. Class A | put | Reduce -95.0% | 11,400 | $8.4M |
| TCOM Trip.com Group Ltd.-ADR | put | Reduce -61.9% | 138,600 | $8.1M |
| DJT Trump Media & Technology Gro | put | New | 438,900 | $7.9M |
| PLD Prologis Inc. | put | Sold out | 70,000 | $7.8Mbefore exit |
| EOG EOG Resources Inc. | put | New | 61,300 | $7.3M |
| SAIC Science Applications Inte | put | Reduce -13.7% | 62,400 | $7.0M |
| CACI Caci International Inc. Class A | put | Reduce -4.6% | 14,500 | $6.9M |
| COP Conocophillips | put | New | 76,700 | $6.9M |
| TRIP Tripadvisor Inc. | put | Add +4.2% | 525,000 | $6.9M |
| LEN Lennar Corp. Class A | put | Sold out | 59,100 | $6.8Mbefore exit |
| UBER Uber Technologies Inc. | put | Reduce -14.1% | 64,600 | $6.0M |
| SGRY Surgery Partners Inc. | put | Sold out | 230,900 | $5.5Mbefore exit |
| TWO Two Harbors Investment Corp. | call | Sold out | 400,000 | $5.3Mbefore exit |
| UBER Uber Technologies Inc. | call | Add +6.3% | 56,000 | $5.2M |
Showing the first 50 of 92.
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
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | New | 43,244,000 | $79.5M |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | Sold out | 34,539,000 | $65.1Mbefore exit |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | Add +6.8% | 62,077,000 | $61.7M |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | Reduce -45.6% | 19,107,000 | $53.2M |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | Sold out | 43,131,000 | $52.2Mbefore exit |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | New | 32,000,000 | $41.5M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Sold out | 36,408,000 | $36.9Mbefore exit |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | New | 27,500,000 | $35.8M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Add +9.8% | 26,500,000 | $33.1M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 23,000,000 | $29.3M |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | Add +1.9% | 40,750,000 | $27.9M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -30.0% | 17,500,000 | $22.2M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Sold out | 20,000,000 | $21.6Mbefore exit |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | New | 20,250,000 | $20.6M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Sold out | 14,500,000 | $18.7Mbefore exit |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | Add +99.4% | 18,056,000 | $18.1M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 20,000,000 | $18.0M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Add +4.3% | 24,300,000 | $15.4M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Reduce -28.2% | 14,000,000 | $13.1M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Reduce -61.0% | 10,000,000 | $12.4M |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | New | 10,000,000 | $11.9M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Sold out | 13,868,000 | $11.8Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Sold out | 11,295,000 | $11.1Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 9,920,000 | $9.9Mbefore exit |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Reduce -65.6% | 6,805,000 | $9.2M |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | New | 8,500,000 | $9.1M |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | Sold out | 6,232,000 | $6.2Mbefore exit |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -33.3% | 100,000 | $5.9M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +127.3% | 100,000 | $5.4M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -33.3% | 100,000 | $4.7M |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | Reduce -77.2% | 3,250,000 | $3.1M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 7,150,000 | $1.6Mbefore exit |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | New | 300,000 | $69K |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | Reduce -75.0% | 125,000 | $39K |
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 |