HBK Investments L P

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), HBK Investments L P reported 160 stock positions worth $7.3 billion. Its top holding was Hologic (HOLX) at 10.1% of the portfolio, followed by Electronic Arts (EA, 9.1%) and Penumbra (PEN, 7.3%). Compared with Q4 2025, it opened 86 new positions, sold out of 38, added to 15 and reduced 18. The biggest buy was a new position in Penumbra (PEN) and the biggest sale an exit from Cyberark Software Ltd./Israel (CYBR).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001011443
Portfolio Value
$7.3B (Q1 2026)
SEC Filing
0001011443-26-000011 ↗ filed May 15, 2026

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $3.5B Q1 2024 Q2 2024: $3.6B Q2 2024 Q3 2024: $4.6B Q3 2024 Q4 2024: $4.3B Q4 2024 Q1 2025: $5.0B Q1 2025 Q2 2025: $5.0B Q2 2025 Q3 2025: $6.0B Q3 2025 Q4 2025: $8.5B Q4 2025 Q1 2026: $7.3B $7.3B Q1 2026 Q2 2026: $7.8B Q2 2026

Holdings 160 stocks · $7.3B
HOLX Hologic Inc. 10.12% 9,800,000 $740.8M Add +16.7%
EA Electronic Arts Inc. 9.11% 3,270,100 $666.7M Add +71.2%
PEN Penumbra Inc. 7.33% 1,634,261 $536.6M New
NSC Norfolk Southern Corp. 6.81% 1,736,356 $498.3M Reduce -18.5%
MASI Masimo Corp. 6.26% 2,576,109 $458.2M New
WBD Warner Bros Discovery Inc. 6.14% 16,361,200 $449.3M Add +83.3%
CTRA Coterra Energy Inc. 5.07% 10,568,659 $371.4M New
KVUE Kenvue Inc. 4.95% 21,000,001 $362.0M Add +728.4%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 4.90% 5,527,242 $358.9M Add +20.1%
CWAN Clearwater Analytics HDS-A 4.48% 13,875,000 $328.1M Add +3616.8%
SEE Sealed Air Corp. 4.20% 7,305,341 $307.2M New
ACLX Arcellx Inc. 3.57% 2,278,517 $261.6M New
JHG Janus Henderson Group PLC 2.97% 4,230,723 $217.3M New
LBRDK Liberty Broadband-C 2.95% 4,289,014 $215.7M Reduce -27.4%
TXNM TXNM Energy Inc. 2.43% 3,040,938 $177.8M Add +79.2%
TERN Terns Pharmaceuticals Inc. 2.12% 2,950,000 $155.5M New
APLS Apellis Pharmaceuticals Inc. 1.95% 3,550,000 $142.8M New
GTLS Chart Industries Inc. 1.95% 689,092 $142.5M Reduce -65.0%
FOLD Amicus Therapeutics Inc. 1.73% 8,783,448 $127.0M Reduce -42.4%
TECK Teck Resources Ltd.-CLS B 1.12% 1,585,092 $82.0M New
ARKB ARK 21SHARES Bitcoin ETF 0.60% 1,966,887 $44.2M No change
CMCSA Comcast Corp. Class A 0.42% 1,067,001 $30.6M New
NWSA News Corp. Class A 0.40% 1,183,664 $29.5M No change
TRIP Tripadvisor Inc. 0.37% 2,526,616 $26.9M Add +505.7%
SIRI Sirius XM Holdings Inc. 0.37% 1,164,203 $26.9M Reduce -30.9%
SOLV Solventum Corp. 0.35% 388,022 $25.3M No change
FETH Fidelity Ethereum Fund 0.32% 1,126,139 $23.5M No change
UBER Uber Technologies Inc. 0.29% 298,849 $21.5M Add +8.0%
MDLN Medline Inc. Class A 0.26% 425,000 $18.9M Add +80.8%
MAT Mattel Inc. 0.26% 1,300,000 $18.9M New
CON Concentra Group Holdings Par 0.25% 862,750 $18.5M No change
GME Gamestop Corp. Class A 0.25% 782,365 $18.0M Add +132.5%
KTOS Kratos Defense & Security 0.19% 200,000 $14.1M New
BTSG Brightspring Health Services 0.17% 300,000 $12.8M No change
WELL Welltower Inc. 0.17% 62,515 $12.4M New
BHF Brighthouse Financial Inc. 0.16% 200,000 $12.0M Reduce -90.5%
LGN Legence Corp. Class A 0.15% 200,000 $11.3M Reduce -55.6%
SPYM Ste STR SPDR PT S&P 500 ETF 0.13% 120,539 $9.2M Add +14.5%
BATRK Atlanta Braves Holdings in-C 0.12% 198,469 $8.5M Reduce -52.6%
TSLA Tesla Inc. 0.11% 21,490 $8.0M New
FVAV Fortress Value Acquis V Class A 0.10% 750,000 $7.5M New
ACAAU Averin Capital Acquisition C 0.10% 750,006 $7.5M New
KPET.U Kpet Ultra Paceline Corp. 0.10% 750,000 $7.5M New
AMD Advanced Micro Devices 0.10% 36,569 $7.4M New
DDOG Datadog Inc. Class A 0.10% 61,649 $7.3M Add +23.3%
CRWV Coreweave Inc. Class A 0.10% 93,800 $7.3M No change
TTEK Tetra Tech Inc. 0.10% 239,028 $7.2M Add +212.9%
JENA Jena Acquisition Corp. II - A 0.10% 699,900 $7.2M No change
KRAQ Krakacquisition Corp. Class A 0.09% 700,004 $6.9M New
BA The Boeing Co. 0.09% 32,534 $6.5M New
AAPL Apple Inc. 0.09% 24,781 $6.3M New
ETH Grayscale Ethereum Staking M 0.08% 311,141 $6.2M No change
CHTR Charter Communications Inc. Class A 0.08% 26,965 $5.8M Reduce -5.7%
META Meta Platforms Inc. Class A 0.07% 9,304 $5.3M New
BRK.B Berkshire Hathaway Inc. Class B 0.07% 10,879 $5.2M New
ACHR Archer Aviation Inc. Class A 0.07% 1,000,000 $5.2M Reduce -20.0%
AACB Artius II Acquisition Inc. Class A 0.07% 499,998 $5.2M No change
GTEN Gores Holdings X Inc. Class A 0.07% 500,000 $5.1M No change
BABA Alibaba Group Holding-SP ADR 0.07% 40,188 $5.0M New
QCOM Qualcomm Inc. 0.07% 39,094 $5.0M New
CLBR Colombier Acq III Class A 0.07% 500,008 $5.0M New
EQPT Equipmentshare.com Inc. Class A 0.07% 245,000 $5.0M New
ALUB Alussa Energy Acquisit II-A 0.07% 500,001 $5.0M No change
DMII Drugs Made in America Acquis 0.07% 500,000 $5.0M No change
OIM Oneim Acquisition Class-A 0.07% 500,004 $5.0M New
ADAC American Drive Acquisit Class A 0.07% 500,001 $5.0M No change
BEAG Bold Eagle Acquisition Cor-A 0.06% 450,000 $4.7M No change
CEPF Cantor Equity Partners Class A 0.06% 450,000 $4.6M No change
DHR Danaher Corp. 0.06% 24,170 $4.6M New
COST Costco Wholesale Corp. 0.06% 4,530 $4.5M New
IEAG Infinite Eagle Class-A 0.06% 450,000 $4.5M New
JOBY Joby Aviation Inc. 0.06% 500,000 $4.1M New
KBON Karbon Capital Partners Class A 0.06% 400,004 $4.0M No change
AEXA American Exceptionalism Class A 0.05% 350,000 $3.8M No change
PMTR Perimeter Acquis Corp. I Class A 0.05% 360,000 $3.7M No change
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.05% 350,000 $3.6M Reduce -11.8%
SBXE Silverbox Corp. V Class A 0.05% 350,001 $3.5M No change
NVDA Nvidia Corp. 0.05% 18,917 $3.3M New
PLTR Palantir Technologies Inc. Class A 0.04% 21,983 $3.2M New
CLF Cleveland-Cliffs Inc. 0.04% 368,000 $3.1M New
SDHI Siddhi Acquisition Corp. Class A 0.04% 300,000 $3.1M No change
SOCA Solarius Capital Acquis Class A 0.04% 300,000 $3.1M No change
CCXI Churchill Capital Corp. Class A 0.04% 300,000 $3.0M No change
FCRS Futurecrest Acquisition Class A 0.04% 299,916 $3.0M No change
BOBS Bob's Discount Furniture 0.04% 250,000 $2.9M New
CB Chubb Ltd. 0.04% 8,736 $2.8M New
CRWD CrowdStrike Holdings Inc. Class A 0.04% 6,721 $2.6M New
GOOG Alphabet Inc. Class C 0.03% 8,870 $2.5M New
PAII Pyrophyte Acquisition Corp. Class A 0.03% 250,000 $2.5M No change
ONCH 1RT Acquisition Corp. Class A 0.03% 249,304 $2.5M No change
AMZN Amazon.com Inc. 0.03% 12,127 $2.5M New
HVMC Highview Merger Corp. Class A 0.03% 250,000 $2.5M No change
HACQU HCM IV Acquisition Corp. 0.03% 250,000 $2.5M New
PALOU Paloma Acquisition Corp. I 0.03% 250,000 $2.5M New
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 3,832 $2.5M Add +166.7%
ARCI Archimedes Tech Spac Partner 0.03% 250,004 $2.5M New
LION Lionsgate Studios Corp. 0.03% 242,329 $2.3M Reduce -58.5%
AGNC AGNC Investment Corp. 0.03% 229,829 $2.3M New
DLR Digital Realty Trust Inc. 0.03% 12,736 $2.3M Reduce -65.4%
CVX Chevron Corp. 0.03% 11,066 $2.3M New

Show all 160 holdings

Options reported separately and not counted above: NVDA puts ($594.9M), IWM puts ($168.7M), SPY puts ($154.7M), QQQ puts ($86.1M), QQQ calls ($79.1M), IBIT puts ($56.9M), HWM puts ($48.8M), NBIS puts ($46.7M), TSLA puts ($40.0M), XOP calls ($29.7M), TRIP puts ($25.1M), COST puts ($23.8M), and 113 more.

Other holdings (61): bonds, preferreds, convertibles and warrants · $621.5M (not counted above)
SecurityClassShares / PrincipalValueChange
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 63,900,000$77.6MAdd +25.8%
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 46,000,000$50.7MAdd +130.0%
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 24,805,000$43.5MNo change
TXNM ENERGY INC (TXNM 5.75 06/01/54) NOTE 5.750% 6/0 · principal 27,000,000$36.1MAdd +20.0%
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal 30,700,000$35.2MAdd +12.9%
ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) NOTE 4.250%11/1 · principal 24,100,000$34.0MNo change
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal 23,500,000$31.5MAdd +4.4%
ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) NOTE 2.250% 9/0 · principal 20,150,000$24.9MReduce -11.0%
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 24,000,000$23.0MReduce -29.4%
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal 25,000,000$21.0MReduce -47.3%
SILVERCORP METALS INC NOTE 4.750%12/1 · principal 8,000,000$20.6MAdd +23.1%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 300,000$19.6MAdd +50.0%
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 14,895,000$17.7MAdd +29.5%
VERTEX INC (VERX 0.75 05/01/29) NOTE 0.750% 5/0 · principal 20,000,000$17.4MReduce -11.1%
FORTUNA MINING CORP (FVICN 3.75 06/30/29) NOTE 3.750% 6/3 · principal 10,000,000$17.3MNo change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 12,000,000$16.7MNo change
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 16,500,000$15.9MNo change
PENNYMAC CORP (PMT 8.5 06/01/29) NOTE 8.500% 6/0 · principal 15,250,000$15.9MReduce -24.7%
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal 13,005,000$12.2MReduce -29.7%
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 12,000,000$11.8MNew
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 200,000$11.3MAdd +33.3%
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal 10,263,000$10.5MNew
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal 9,300,000$9.3MNo change
GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) NOTE 5.875%10/0 · principal 9,000,000$8.5MAdd +20.0%
PAR TECHNOLOGY CORP (PAR 1 01/15/30) NOTE 1.000% 1/1 · principal 10,200,000$7.9MNew
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 5,107,000$5.9MReduce -49.5%
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 100,000$5.0MNew
NABORS INDUSTRIES INC (NBR 1.75 06/15/29) NOTE 1.750% 6/1 · principal 5,000,000$4.6MNo change
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 100,000$4.6MNew
PPL CORPORATION (PPL 7 02/15/29) UNIT 02/15/2029 80,000$4.1MNew
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 2,121,000$2.9MReduce -51.5%
REDWOOD TRUST INC (RWT 7.75 06/15/27) NOTE 7.750% 6/1 · principal 2,500,000$2.5MNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 167,298$239KReduce -16.4%
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 200,000$138KNo change
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 500,000$136KNo change
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 646,400$110KNo change
KRAQW Krakacq Corp. -31 *W EXP 12/23/203 175,001$105KNew
IEAGR Infinite Eagle Acquis-Rights RIGHT 01/13/2031 450,000$81KNew
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 125,000$70KNo change
CLBR.WS Colombier Acquisition - 31 *W EXP 12/31/203 62,501$62KNew
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 300,000$62KNo change
ALUB.WS Alussa Energy Acquisition-30 *W EXP 99/99/999 166,667$60KAdd +0.1%
OIMAW Oneim Acquisition - 30 *W EXP 01/07/203 83,334$54KNew
KBONW Karbon Capital Partners Corp. *W EXP 12/11/203 100,001$51KNo change
ADACW American Dr Acq A -30 *W EXP 02/06/203 166,667$50KAdd +0.1%
SBXE.WS Silverbox Corp. V *W EXP 09/16/203 116,667$49KAdd +0.1%
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 75,001$44KNo change
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 125,000$41KNo change
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 500,000$40KNo change
SAC.WS Safeguard Acquisition Corp. *W EXP 99/99/999 100,001$40KNo change
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 150,000$39KNo change
ARCIW Archimedes Tech Spac Partner *W EXP 01/23/203 62,501$33KNew
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 125,000$31KNo change
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 62,501$27KNo change
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 40,001$25KNo change
GPACW General Purpose Acquisition *W EXP 12/03/203 100,001$24KNo change
CCXIW Churchill Capital Corp. Xi *W EXP 12/10/203 30,000$23KNo change
KRSP.WS Rice Acquisition Corp. 3 *W EXP 99/99/999 25,000$20KNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 62,501$17KNo change
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 33,334$15KNo change
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 33,334$11KNo change

Total filed on the 13F, all lines: $7.9B.

Portfolio Sells Q4 2025 → Q1 2026
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −12.88
EXAS Exact Sciences Corp. Sold out 0.00% −9.15
DAY Dayforce Inc. Sold out 0.00% −6.40
CFLT Confluent Inc. Class A Sold out 0.00% −5.34
CMA Comerica Inc. Sold out 0.00% −4.07
RNAM Avidity Biosciences Inc. Sold out 0.00% −3.71
FYBR Frontier Communications Pare Sold out 0.00% −3.50
CDTX Cidara Therapeutics Inc. Sold out 0.00% −3.28
GTLS Chart Industries Inc. Reduce -65.0% 1.95% −2.84
SNV Synovus Financial Corp. Sold out 0.00% −2.23
AHL Aspen Insurance Holdings Class A Sold out 0.00% −1.97
BHF Brighthouse Financial Inc. Reduce -90.5% 0.16% −1.44
FOLD Amicus Therapeutics Inc. Reduce -42.4% 1.73% −0.82
SNDK Sandisk Corp. Sold out 0.00% −0.66
NSC Norfolk Southern Corp. Reduce -18.5% 6.81% −0.44
LBRDK Liberty Broadband-C Reduce -27.4% 2.95% −0.44
TFX Teleflex Inc. Sold out 0.00% −0.28
ETHW Bitwise Ethereum ETF Sold out 0.00% −0.21
PSKY Paramount Skydance Class B Sold out 0.00% −0.16
BUD Anheuser-Busch Inbev-SPN ADR Sold out 0.00% −0.14
MSTR Strategy Inc. Sold out 0.00% −0.09
BATRK Atlanta Braves Holdings in-C Reduce -52.6% 0.12% −0.08
LGN Legence Corp. Class A Reduce -55.6% 0.15% −0.07
CC The Chemours Co. Sold out 0.00% −0.06
WDC Western Digital Corp. Sold out 0.00% −0.06
CHKP Check Point Software Tech Sold out 0.00% −0.05
ACHR Archer Aviation Inc. Class A Reduce -20.0% 0.07% −0.04
BOX Box Inc. Class A Reduce -56.2% 0.03% −0.04
CTEV Claritev Corp. Sold out 0.00% −0.04
IMSR Terrestrial Energy Inc. Sold out 0.00% −0.04
DLR Digital Realty Trust Inc. Reduce -65.4% 0.03% −0.04
LION Lionsgate Studios Corp. Reduce -58.5% 0.03% −0.03
SIRI Sirius XM Holdings Inc. Reduce -30.9% 0.37% −0.03
CVLT Commvault Systems Inc. Sold out 0.00% −0.03
LMRI Lumexa Imaging Holdings Inc. Sold out 0.00% −0.03
SOFI Sofi Technologies Inc. Sold out 0.00% −0.02
XZO Exzeo Group Inc. Sold out 0.00% −0.02
ANDG Andersen Group Inc. Class A Sold out 0.00% −0.02
CAEP Cantor Equity Partners III-A Reduce -66.7% 0.01% −0.02
ASTS Ast Spacemobile Inc. Sold out 0.00% −0.02
NIO Nio Inc. - ADR Sold out 0.00% −0.02
CDNL Cardinal Infrastructure GR-A Sold out 0.00% −0.02
SKYA Skyai Inc. Sold out 0.00% −0.02
HIMS Hims & Hers Health Inc. Sold out 0.00% −0.02
LWLG Lightwave Logic Inc. Sold out 0.00% −0.01
PENN Penn Entertainment Inc. Sold out 0.00% −0.01
HNGE Hinge Health Inc. Class A Reduce -28.6% 0.03% −0.01
NWL Newell Brands Inc. Sold out 0.00% −0.01
TETH 21SHARES Etherm Stak ETF-Usd Sold out 0.00% −0.01
MDU Mdu Resources Group Inc. Sold out 0.00% −0.01

Portfolio Buys Q4 2025 → Q1 2026
PEN Penumbra Inc. New 7.33% +7.33
MASI Masimo Corp. New 6.26% +6.26
CTRA Coterra Energy Inc. New 5.07% +5.07
EA Electronic Arts Inc. Add +71.2% 9.11% +4.51
KVUE Kenvue Inc. Add +728.4% 4.95% +4.43
CWAN Clearwater Analytics HDS-A Add +3616.8% 4.48% +4.38
SEE Sealed Air Corp. New 4.20% +4.20
ACLX Arcellx Inc. New 3.57% +3.57
WBD Warner Bros Discovery Inc. Add +83.3% 6.14% +3.11
JHG Janus Henderson Group PLC New 2.97% +2.97
HOLX Hologic Inc. Add +16.7% 10.12% +2.75
TERN Terns Pharmaceuticals Inc. New 2.12% +2.12
APLS Apellis Pharmaceuticals Inc. New 1.95% +1.95
AL Sumisho Air Lease Corp. Add +20.1% 4.90% +1.42
TXNM TXNM Energy Inc. Add +79.2% 2.43% +1.25
TECK Teck Resources Ltd.-CLS B New 1.12% +1.12
CMCSA Comcast Corp. Class A New 0.42% +0.42
TRIP Tripadvisor Inc. Add +505.7% 0.37% +0.30
MAT Mattel Inc. New 0.26% +0.26
KTOS Kratos Defense & Security New 0.19% +0.19
WELL Welltower Inc. New 0.17% +0.17
GME Gamestop Corp. Class A Add +132.5% 0.25% +0.17
MDLN Medline Inc. Class A Add +80.8% 0.26% +0.14
TSLA Tesla Inc. New 0.11% +0.11
FVAV Fortress Value Acquis V Class A New 0.10% +0.10
ACAAU Averin Capital Acquisition C New 0.10% +0.10
KPET.U Kpet Ultra Paceline Corp. New 0.10% +0.10
AMD Advanced Micro Devices New 0.10% +0.10
KRAQ Krakacquisition Corp. Class A New 0.09% +0.09
BA The Boeing Co. New 0.09% +0.09
AAPL Apple Inc. New 0.09% +0.09
META Meta Platforms Inc. Class A New 0.07% +0.07
BRK.B Berkshire Hathaway Inc. Class B New 0.07% +0.07
BABA Alibaba Group Holding-SP ADR New 0.07% +0.07
QCOM Qualcomm Inc. New 0.07% +0.07
CLBR Colombier Acq III Class A New 0.07% +0.07
EQPT Equipmentshare.com Inc. Class A New 0.07% +0.07
TTEK Tetra Tech Inc. Add +212.9% 0.10% +0.07
OIM Oneim Acquisition Class-A New 0.07% +0.07
DHR Danaher Corp. New 0.06% +0.06
COST Costco Wholesale Corp. New 0.06% +0.06
IEAG Infinite Eagle Class-A New 0.06% +0.06
JOBY Joby Aviation Inc. New 0.06% +0.06
NVDA Nvidia Corp. New 0.05% +0.05
PLTR Palantir Technologies Inc. Class A New 0.04% +0.04
CLF Cleveland-Cliffs Inc. New 0.04% +0.04
BOBS Bob's Discount Furniture New 0.04% +0.04
CB Chubb Ltd. New 0.04% +0.04
CRWD CrowdStrike Holdings Inc. Class A New 0.04% +0.04
GOOG Alphabet Inc. Class C New 0.03% +0.03

Options Activity Q4 2025 → Q1 2026
NVDA Nvidia Corp. put Reduce -42.6% 3,410,900 $594.9M
SPY SS SPDR S&P 500 ETF Trust-US call Sold out 841,400 $573.8Mbefore exit
GLD SPDR Gold Shares put Sold out 488,900 $193.8Mbefore exit
IWM iShares Russell 2000 ETF put Add +128.1% 680,200 $168.7M
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -43.5% 237,800 $154.7M
QQQ Invesco QQQ Trust Series 1 put Reduce -38.9% 149,200 $86.1M
QQQ Invesco QQQ Trust Series 1 call Reduce -59.1% 137,000 $79.1M
IBIT iShares Bitcoin Trust ETF put Reduce -57.4% 1,480,500 $56.9M
HWM Howmet Aerospace Inc. put New 211,700 $48.8M
NBIS Nebius Group NV put Reduce -19.2% 450,000 $46.7M
GS Goldman Sachs Group Inc. put Sold out 50,800 $44.7Mbefore exit
TSLA Tesla Inc. put Reduce -4.1% 107,700 $40.0M
LTM Latam Airlines Group SA-ADR put Sold out 625,000 $33.8Mbefore exit
WBD Warner Bros Discovery Inc. put Sold out 1,086,900 $31.3Mbefore exit
OMF Onemain Holdings Inc. put Sold out 453,800 $30.7Mbefore exit
XOP SS SPDR S&P Og Exp & Prod call New 163,200 $29.7M
TRIP Tripadvisor Inc. put Add +463.4% 2,350,600 $25.1M
WBD Warner Bros Discovery Inc. call Sold out 851,800 $24.5Mbefore exit
COST Costco Wholesale Corp. put New 23,900 $23.8M
AAPL Apple Inc. put New 73,800 $18.7M
BA The Boeing Co. put New 93,700 $18.6M
AMD Advanced Micro Devices put New 86,800 $17.7M
SIRI Sirius XM Holdings Inc. call Add +153.1% 721,600 $16.7M
BRK.B Berkshire Hathaway Inc. Class B put New 33,200 $15.9M
CNK Cinemark Holdings Inc. put Reduce -33.3% 557,000 $15.9M
IWO iShares Russell 2000 Growth put New 50,000 $15.7M
GME Gamestop Corp. Class A call Add +47.1% 666,800 $15.4M
QCOM Qualcomm Inc. put New 109,800 $14.1M
META Meta Platforms Inc. Class A put New 24,000 $13.7M
VEL Velocity Financial Inc. put New 737,500 $13.3M
WMT Walmart Inc. put New 107,000 $13.3M
UBER Uber Technologies Inc. put Add +146.9% 158,000 $11.4M
GME Gamestop Corp. Class A put Reduce -60.6% 485,600 $11.2M
DHR Danaher Corp. put New 59,000 $11.2M
BABA Alibaba Group Holding-SP ADR put New 87,000 $10.9M
BAC Bank of America Corp. put Add +27.8% 213,100 $10.4M
GOOG Alphabet Inc. Class C put Add +144.9% 36,000 $10.3M
AGNC AGNC Investment Corp. put Reduce -44.4% 1,000,000 $10.0M
HIMS Hims & Hers Health Inc. put Sold out 300,800 $9.8Mbefore exit
TSM Taiwan Semiconductor-SP ADR put Reduce -91.5% 28,700 $9.7M
TCOM Trip.com Group Ltd.-ADR put Sold out 123,600 $8.9Mbefore exit
CVLT Commvault Systems Inc. put Sold out 68,100 $8.5Mbefore exit
CB Chubb Ltd. put New 25,800 $8.4M
ECHO Echostar Corp. Class A put Sold out 75,800 $8.2Mbefore exit
PLTR Palantir Technologies Inc. Class A put New 56,200 $8.2M
NEE Nextera Energy Inc. put Add +577.6% 84,700 $7.9M
AMZN Amazon.com Inc. put New 35,300 $7.4M
ECPG Encore Capital Group Inc. put New 102,000 $7.2M
CRWD CrowdStrike Holdings Inc. Class A put New 18,300 $7.1M
AGNC AGNC Investment Corp. call New 700,000 $7.0M

Showing the first 50 of 149.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2025 → Q1 2026
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal Add +25.8% 63,900,000 $77.6M
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal Sold out 62,077,000 $62.2Mbefore exit
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Add +130.0% 46,000,000 $50.7M
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal Sold out 37,200,000 $38.2Mbefore exit
TXNM ENERGY INC (TXNM 5.75 06/01/54) NOTE 5.750% 6/0 · principal Add +20.0% 27,000,000 $36.1M
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal Add +12.9% 30,700,000 $35.2M
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal Add +4.4% 23,500,000 $31.5M
ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) NOTE 2.250% 9/0 · principal Reduce -11.0% 20,150,000 $24.9M
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal Reduce -29.4% 24,000,000 $23.0M
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal Sold out 21,840,000 $21.8Mbefore exit
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal Reduce -47.3% 25,000,000 $21.0M
SILVERCORP METALS INC NOTE 4.750%12/1 · principal Add +23.1% 8,000,000 $20.6M
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Add +50.0% 300,000 $19.6M
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal Add +29.5% 14,895,000 $17.7M
VERTEX INC (VERX 0.75 05/01/29) NOTE 0.750% 5/0 · principal Reduce -11.1% 20,000,000 $17.4M
KOSMOS ENERGY LTD (KOS 3.125 03/15/30) NOTE 3.125% 3/1 · principal Sold out 38,250,000 $16.3Mbefore exit
PENNYMAC CORP (PMT 8.5 06/01/29) NOTE 8.500% 6/0 · principal Reduce -24.7% 15,250,000 $15.9M
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal Reduce -29.7% 13,005,000 $12.2M
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal New 12,000,000 $11.8M
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Add +33.3% 200,000 $11.3M
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal New 10,263,000 $10.5M
GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) NOTE 5.875%10/0 · principal Add +20.0% 9,000,000 $8.5M
PAR TECHNOLOGY CORP (PAR 1 01/15/30) NOTE 1.000% 1/1 · principal New 10,200,000 $7.9M
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Sold out 150,000 $7.5Mbefore exit
PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) NOTE 1.500%10/1 · principal Sold out 6,382,000 $6.3Mbefore exit
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal Reduce -49.5% 5,107,000 $5.9M
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal Sold out 5,250,000 $5.7Mbefore exit
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 New 100,000 $5.0M
PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) NOTE 2.875% 4/1 · principal Sold out 4,830,000 $4.9Mbefore exit
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D New 100,000 $4.6M
PPL CORPORATION (PPL 7 02/15/29) UNIT 02/15/2029 New 80,000 $4.1M
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal Reduce -51.5% 2,121,000 $2.9M
NOVANTA INC (NOVT 6.5 11/01/28) UNIT 11/01/2028 Sold out 50,000 $2.7Mbefore exit
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 Reduce -16.4% 167,298 $239K
KRAQW Krakacq Corp. -31 *W EXP 12/23/203 New 175,001 $105K
IEAGR Infinite Eagle Acquis-Rights RIGHT 01/13/2031 New 450,000 $81K
CLBR.WS Colombier Acquisition - 31 *W EXP 12/31/203 New 62,501 $62K
ALUB.WS Alussa Energy Acquisition-30 *W EXP 99/99/999 Add +0.1% 166,667 $60K
OIMAW Oneim Acquisition - 30 *W EXP 01/07/203 New 83,334 $54K
ADACW American Dr Acq A -30 *W EXP 02/06/203 Add +0.1% 166,667 $50K
SBXE.WS Silverbox Corp. V *W EXP 09/16/203 Add +0.1% 116,667 $49K
ARCIW Archimedes Tech Spac Partner *W EXP 01/23/203 New 62,501 $33K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 128$7.8BBLD, EA, PEN, NSC, KVUE
Q1 2026 160$7.3BHOLX, EA, PEN, NSC, MASI
Q4 2025 112$8.5BCYBR, EXAS, HOLX, NSC, DAY
Q3 2025Amended 105$6.0BCYBR, VRNA, GTLS, NSC, LBRDK
Q2 2025Amended 91$5.0BHES, K, BPMC, AZEK, ESGR
Q1 2025Amended 74$5.0BHES, K, ITCI, BERY, BECN
Q4 2024Amended 74$4.3BHES, K, SMAR, ALTR, EDR
Q3 2024Amended 69$4.6BHES, MRO, K, SWN, SRCL
Q2 2024Amended 70$3.6BHES, WRK, EDR, MRO, ETRN
Q1 2024Amended 61$3.5BPXD, HES, WRK, FBTC, AXONICS INC