Hudson Bay Capital Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Hudson Bay Capital Management LP reported 591 stock positions worth $13.9 billion. Its top holding was Nvidia (NVDA) at 8.4% of the portfolio, followed by Amazon.com (AMZN, 3.9%) and Microsoft (MSFT, 3.8%). Compared with Q3 2024, it opened 231 new positions, sold out of 169, added to 179 and reduced 142. The biggest buy was Tesla (TSLA, shares +119%) and the biggest sale Meta Platforms Class A (META, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001393825
- Portfolio Value
- $13.9B (Q4 2024)
- SEC Filing
- 0002033916-25-000027 ↗ filed Feb 14, 2025
Holdings Value
Holdings 591 stocks · $13.9B
| NVDA Nvidia Corp. | 8.37% | 8,649,417 | $1.2B | Reduce -19.7% |
| AMZN Amazon.com Inc. | 3.88% | 2,451,168 | $537.8M | Reduce -27.1% |
| MSFT Microsoft Corp. | 3.80% | 1,249,492 | $526.7M | Reduce -27.9% |
| AAPL Apple Inc. | 3.71% | 2,056,180 | $514.9M | Reduce -12.5% |
| TSLA Tesla Inc. | 2.98% | 1,023,015 | $413.1M | Add +118.5% |
| FLG Flagstar Bank NA | 2.51% | 37,302,287 | $348.0M | Reduce -9.9% |
| AMD Advanced Micro Devices | 2.34% | 2,683,056 | $324.1M | Reduce -13.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.69% | 515,794 | $233.8M | Add +7.5% |
| UNH Unitedhealth Group Inc. | 1.61% | 440,963 | $223.1M | New |
| HES Hess Corp. | 1.58% | 1,652,543 | $219.8M | Add +30.5% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.54% | 2,000,000 | $213.7M | Add +150.0% |
| LLY Eli Lilly & Co. | 1.49% | 267,429 | $206.5M | Add +234.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.45% | 1,019,312 | $201.3M | Reduce -45.8% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 1.28% | 611,494 | $177.1M | Add +746.7% |
| COIN Coinbase Global Inc. Class A | 1.24% | 694,400 | $172.4M | Reduce -39.4% |
| DLTR Dollar Tree Inc. | 1.22% | 2,250,011 | $168.6M | Reduce -14.8% |
| ARM Arm Holdings PLC-ADR | 1.07% | 1,200,000 | $148.0M | New |
| KO The Coca-Cola Co. | 0.91% | 2,021,699 | $125.9M | New |
| TXN Texas Instruments Inc. | 0.90% | 665,053 | $124.7M | New |
| PYPL PayPal Holdings Inc. | 0.86% | 1,400,059 | $119.5M | Add +2430.2% |
| XOM Exxon Mobil Corp. | 0.85% | 1,100,889 | $118.4M | New |
| EQIX Equinix Inc. | 0.85% | 125,005 | $117.9M | New |
| MDB Mongodb Inc. | 0.79% | 468,693 | $109.1M | New |
| JNPR Juniper Networks Inc. | 0.76% | 2,811,005 | $105.3M | Add +70.1% |
| CTSH Cognizant Tech Solutions-A | 0.75% | 1,350,029 | $103.8M | New |
| GOOGL Alphabet Inc. Class A | 0.75% | 547,487 | $103.6M | Reduce -51.8% |
| HSIC Henry Schein Inc. | 0.73% | 1,465,007 | $101.4M | Add +102.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.68% | 428,553 | $94.2M | Add +2231.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.64% | 800,106 | $89.1M | Add +124.9% |
| AFRM Affirm Holdings Inc. | 0.63% | 1,427,745 | $86.9M | New |
| FLUT Flutter Entertainment PLC-Di | 0.62% | 330,223 | $85.3M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 1,924,260 | $84.6M | Add +207.9% |
| COF Capital One Financial Corp. | 0.61% | 473,282 | $84.4M | Add +30.3% |
| PEP Pepsico Inc. | 0.60% | 550,080 | $83.6M | Add +7.1% |
| RTX RTX Corp. | 0.60% | 717,637 | $83.0M | Add +2770.6% |
| K Kellanova | 0.58% | 1,000,000 | $81.0M | Add +53.9% |
| UBER Uber Technologies Inc. | 0.54% | 1,247,585 | $75.3M | New |
| HOOD Robinhood Markets Inc. Class A | 0.54% | 2,000,000 | $74.5M | New |
| MU Micron Technology Inc. | 0.52% | 861,334 | $72.5M | Reduce -43.9% |
| TGT Target Corp. | 0.52% | 533,427 | $72.1M | Add +1763.4% |
| PARAA Paramount Global Class B | 0.50% | 6,601,039 | $69.0M | Add +9.0% |
| MSCI MSCI Inc. | 0.48% | 110,114 | $66.1M | Add +526.4% |
| QCOM Qualcomm Inc. | 0.46% | 413,540 | $63.5M | New |
| MCHP Microchip Technology Inc. | 0.45% | 1,100,031 | $63.1M | New |
| DASH DoorDash Inc. Class A | 0.45% | 370,330 | $62.1M | Add +2.0% |
| LPLA LPL Financial Holdings Inc. | 0.44% | 185,935 | $60.7M | Add +109.0% |
| BA The Boeing Co. | 0.44% | 341,383 | $60.4M | Reduce -49.1% |
| MCD McDonald's Corp. | 0.43% | 205,839 | $59.7M | Add +146.3% |
| KRE SS SPDR S&P Regional Bank | 0.43% | 979,716 | $59.1M | Add +226.6% |
| NOW ServiceNow Inc. | 0.42% | 54,564 | $57.8M | New |
| PFE Pfizer Inc. | 0.40% | 2,100,331 | $55.7M | Reduce -40.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.40% | 642,000 | $55.2M | Add +438.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.38% | 76,837 | $53.3M | New |
| DFS Discover Financial Services | 0.38% | 306,398 | $53.1M | Add +14.5% |
| LULU Lululemon Athletica Inc. | 0.37% | 135,006 | $51.6M | New |
| ULTA Ulta Beauty Inc. | 0.37% | 117,758 | $51.2M | Add +843.5% |
| INTC Intel Corp. | 0.37% | 2,545,249 | $51.0M | Add +2212.6% |
| IWM iShares Russell 2000 ETF | 0.37% | 230,000 | $50.8M | Add +72.1% |
| SUM Summit Materials Inc. Class A | 0.35% | 971,443 | $49.2M | New |
| XLF SS Financial Select Sector | 0.35% | 1,000,000 | $48.3M | Add +66.7% |
| NI Nisource Inc. | 0.35% | 1,310,706 | $48.2M | Reduce -8.3% |
| BRX Brixmor Property Group Inc. | 0.34% | 1,680,482 | $46.8M | Add +109.3% |
| HD Home Depot Inc. | 0.34% | 120,058 | $46.7M | Add +523.5% |
| CUBE Cubesmart | 0.33% | 1,068,965 | $45.8M | New |
| CUZ Cousins Properties Inc. | 0.32% | 1,433,818 | $43.9M | Reduce -1.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 126,395 | $43.2M | Reduce -49.4% |
| BABA Alibaba Group Holding-SP ADR | 0.31% | 500,000 | $42.4M | Reduce -35.9% |
| FE Firstenergy Corp. | 0.30% | 1,030,562 | $41.0M | Add +10.6% |
| HON Honeywell International Inc. | 0.28% | 175,038 | $39.5M | Reduce -61.1% |
| OKTA Okta Inc. | 0.28% | 500,000 | $39.4M | New |
| MELI MercadoLibre Inc. | 0.28% | 23,000 | $39.1M | New |
| SNREY Sunrise Communicat Class A | 0.28% | 901,499 | $38.8M | New |
| UE Urban Edge Properties | 0.28% | 1,800,970 | $38.7M | Add +56.1% |
| PCG P G & E Corp. | 0.28% | 1,895,389 | $38.2M | Add +1.9% |
| BIIB Biogen Inc. | 0.27% | 241,008 | $36.9M | Reduce -19.7% |
| XEL Xcel Energy Inc. | 0.26% | 540,138 | $36.5M | Add +45.8% |
| PANW Palo Alto Networks Inc. | 0.26% | 200,036 | $36.4M | New |
| AEE Ameren Corporation | 0.26% | 401,390 | $35.8M | Add +61.7% |
| AKR Acadia Realty Trust | 0.26% | 1,480,402 | $35.8M | Add +80.2% |
| BKNG Booking Holdings Inc. | 0.25% | 7,087 | $35.2M | Add +280.4% |
| C Citigroup Inc. | 0.25% | 500,011 | $35.2M | Add +185.7% |
| ETN Eaton Corp. PLC | 0.24% | 100,023 | $33.2M | Add +270.5% |
| IBIT iShares Bitcoin Trust ETF | 0.24% | 615,155 | $32.6M | New |
| ANSS Ansys Inc. | 0.23% | 96,505 | $32.6M | Reduce -33.6% |
| AMAT Applied Materials Inc. | 0.23% | 200,048 | $32.5M | New |
| BTU Peabody Energy Corp. | 0.23% | 1,543,915 | $32.3M | Add +30.4% |
| META Meta Platforms Inc. Class A | 0.23% | 54,592 | $32.0M | Reduce -95.0% |
| EGP Eastgroup Properties Inc. | 0.23% | 197,562 | $31.7M | Add +97.0% |
| DXCM Dexcom Inc. | 0.22% | 400,023 | $31.1M | Add +344.5% |
| SMCI Super Micro Computer Inc. | 0.22% | 1,000,029 | $30.5M | New |
| BMRN Biomarin Pharmaceutical Inc. | 0.22% | 460,000 | $30.2M | Add +4.3% |
| AHR American Healthcare REIT Inc. | 0.22% | 1,057,608 | $30.1M | Reduce -53.8% |
| BP BP PLC-Spons ADR | 0.21% | 1,000,000 | $29.6M | New |
| KRG Kite Realty Group Trust | 0.21% | 1,141,876 | $28.8M | Reduce -22.8% |
| IONS Ionis Pharmaceuticals Inc. | 0.21% | 821,200 | $28.7M | Add +7.1% |
| VNO Vornado Realty Trust | 0.21% | 681,526 | $28.7M | New |
| ETSY Etsy Inc. | 0.21% | 538,668 | $28.5M | New |
| PPL PPL Corp. | 0.20% | 871,383 | $28.3M | Reduce -42.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 47,984 | $28.1M | Reduce -68.7% |
| PRKS United Parks & Resorts Inc. | 0.20% | 500,000 | $28.1M | No change |
Options reported separately and not counted above: NVDA puts ($1.2B), SPY puts ($782.9M), TSLA puts ($648.2M), AMZN puts ($620.9M), QQQ puts ($421.5M), AAPL puts ($406.9M), AMD puts ($350.3M), TSLA calls ($296.3M), BRK.B puts ($272.0M), LLY puts ($247.0M), META puts ($216.6M), UNH puts ($199.8M), and 200 more.
Other holdings (103): bonds, preferreds, convertibles and warrants · $2.7B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 124,686,000 | $577.8M | Add +74.5% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 113,473,000 | $324.8M | Add +4.8% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 302,387,000 | $303.7M | Add +11.0% |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 120,466,000 | $163.4M | Reduce -0.3% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 141,500,000 | $153.7M | New |
| TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *) | DEB 4.000%12/1 · principal | 114,057,000 | $120.8M | No change |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 109,340,000 | $115.0M | Add +12.9% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 4,110,100 | $113.2M | No change |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 95,500,000 | $97.7M | Add +31.7% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 84,678,000 | $81.6M | Add +238.7% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 31,000,000 | $77.9M | No change |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 67,704,000 | $65.4M | Add +174.1% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 55,640,960 | $59.0M | New |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 41,571,000 | $51.6M | Add +93.8% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 52,156,000 | $48.6M | Reduce -4.6% |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | 23,397,000 | $48.4M | New |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 45,913,000 | $43.3M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 46,000,000 | $41.3M | No change |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 43,236,000 | $41.0M | Add +13.1% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 45,103,000 | $37.1M | Add +21.6% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 36,060,000 | $32.1M | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 20,000,000 | $17.9M | New |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 14,000,000 | $14.7M | Add +21.7% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 15,000,000 | $14.1M | No change |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | 11,014,000 | $10.6M | Reduce -77.4% |
| EXEEZ Chesapeake Energy -CW26 | *W EXP 02/09/202 | 71,435 | $6.4M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 100,000 | $5.0M | New |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 3,900,000 | $4.6M | Reduce -73.5% |
| LUNRW Intuitive Machines Inc.-CW | *W EXP 99/99/999 | 310,776 | $2.5M | Add +7.2% |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 277,150 | $1.8M | New |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 576,741 | $611K | Add +64.8% |
| PSQH.WS Colombier Acq Class A -CW28 | *W EXP 07/19/202 | 450,429 | $360K | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 132,950 | $273K | New |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 1,575,000 | $268K | New |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 725,000 | $218K | New |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | 150,670 | $170K | New |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 467,979 | $159K | Add +84.7% |
| DHAIW Aurora Technology Acquis -28 | *W EXP 04/20/202 | 1,385,121 | $75K | Reduce -5.6% |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 188,238 | $69K | New |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 301,114 | $68K | New |
| CSLRF Consilium Acquisition -Right | RIGHT 99/99/9999 | 424,869 | $64K | No change |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 325,000 | $54K | New |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | 96,154 | $53K | New |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 750,000 | $53K | No change |
| JVSAR Jvspac Acquisition Corp.-RTS | RIGHT 11/26/2026 | 175,000 | $52K | No change |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | 295,297 | $36K | New |
| CLRRF Climaterock -RTS | RIGHT 10/31/2028 | 440,415 | $31K | No change |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 131,468 | $29K | Add +1.5% |
| YOTAW Yotta Acquisition Corp. -27 | *W EXP 03/15/202 | 471,180 | $27K | No change |
| MDCXW Medicus Pharma Ltd. -29 | *W EXP 11/15/202 | 41,300 | $27K | New |
| RFACW RF Acquisition Corp.-CW27 | *W EXP 05/01/202 | 463,538 | $23K | No change |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 175,000 | $23K | No change |
| HOVRW Pono Capital Three Inc.-A-28 | *W EXP 02/14/202 | 197,290 | $20K | Reduce -44.8% |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | 14,090 | $20K | No change |
| BMTX.WS BM Technologies -CW23 | *W EXP 01/04/202 | 33,125 | $19K | New |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 162,500 | $19K | New |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | 100,000 | $18K | New |
| GDSTW Goldenstone Acquisitio -CW23 | *W EXP 07/15/202 | 409,715 | $18K | No change |
| CINGW Cingulate -CW23 | *W EXP 12/10/202 | 210,798 | $16K | No change |
| FGIWW Fgi Industries Ltd. -23 | *W EXP 99/99/999 | 160,372 | $13K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 100,000 | $12K | Reduce -69.2% |
| EGUVF Evergreen Corporation -CW27 | *W EXP 02/08/202 | 431,483 | $12K | Reduce -1.9% |
| SMNRW Denali Capital Acq-CW27 | *W EXP 99/99/999 | 312,957 | $12K | Reduce -11.8% |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | 281,402 | $11K | Reduce -34.0% |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 123,546 | $11K | No change |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | 99,878 | $11K | Reduce -49.8% |
| GLSTW Global Star Acquisition-27 A | *W EXP 07/15/202 | 350,000 | $11K | No change |
| HSPWF Horizon Space Acquisition-28 | *W EXP 12/27/202 | 419,586 | $10K | No change |
| FTIIW Futuretech II Acq -CW27 | *W EXP 08/18/202 | 488,220 | $10K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 272,700 | $10K | Reduce -0.8% |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 50,000 | $8K | New |
| MSSWF Metal SKY Star Acq -CW27 | *W EXP 03/31/202 | 206,075 | $7K | No change |
| EUDAW 8I Acquisition 2 Corp. -CW22 | *W EXP 11/22/202 | 60,719 | $7K | Reduce -3.6% |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 50,000 | $6K | New |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 95,500 | $5K | Reduce -4.5% |
| WINVW Winvest Acquisition -CW23 | *W EXP 08/09/202 | 340,431 | $5K | No change |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | 199,161 | $4K | No change |
| EMCWF Embrace Change Acquisitio-26 | *W EXP 10/25/202 | 285,000 | $4K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 65,575 | $4K | Reduce -4.0% |
| AIMWF Aimfinity Investment-CW27 | *W EXP 99/99/999 | 501,000 | $4K | No change |
| EDBLW Edible Garden AG Inc.-CW27 | *W EXP 99/99/999 | 100,000 | $4K | No change |
| MKDWW MKD Tech Inc. -29 | *W EXP 06/10/202 | 200,000 | $3K | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 20,162 | $3K | Reduce -84.7% |
| CHEB.WS Chenghe Acquisition II - 29 | *W EXP 05/30/203 | 85,100 | $3K | Reduce -2.7% |
| GRMLW Anew Medical Inc. | *W EXP 06/21/202 | 60,966 | $3K | No change |
| BNIXW Bannix Acquisition Corp.-CW23 | *W EXP 07/31/202 | 100,100 | $3K | No change |
| NIVFW Newgenivf Group Ltd.-28 | *W EXP 04/03/202 | 60,035 | $3K | No change |
| BENFW Beneficient Co. Group -28 | *W EXP 06/07/202 | 300,000 | $2K | No change |
| EONR.WS HNR Acquisition Corp. -CW23 | *W EXP 11/15/202 | 41,025 | $2K | Reduce -10.4% |
| PPYAW Papaya Growth Opportuni-CW23 | *W EXP 12/31/202 | 111,600 | $2K | No change |
| ZOOZW Zooz Strategy Ltd.-29 | *W EXP 04/02/202 | 38,893 | $2K | Reduce -72.0% |
| NMHIW Nature's Miracle Cali - 29 | *W EXP 02/15/202 | 133,681 | $2K | No change |
| SVUWF Srivaru Holding Ltd.-28 | *W EXP 12/08/202 | 232,647 | $2K | No change |
| CLRWF Climaterock Class A -27 | *W EXP 99/99/999 | 88,323 | $2K | No change |
| TETWF Technology & Telecommuni -27 | *W EXP 04/15/202 | 99,888 | $2K | Reduce -53.3% |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 16,191 | $1K | Reduce -17.0% |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 97,483 | $1K | No change |
| NEXRW Jeffs Brands Ltd. -27 | *W EXP 08/26/202 | 31,152 | $935 | Reduce -73.9% |
| NLSPW NLS Pharmaceutics Ltd. -CW25 | *W EXP 02/02/202 | 71,356 | $821 | No change |
| AREBW American Rebel Holdings -23 | *W EXP 01/20/202 | 50,000 | $768 | No change |
| CHEER HLDG INC | *W EXP 02/13/202 | 634,058 | $761 | No change |
| SRZNW Surrozen Inc.-CW25 | *W EXP 08/01/203 | 20,718 | $443 | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 49,400 | $0 | Reduce -60.5% |
Total filed on the 13F, all lines: $16.6B.
Portfolio Sells Q3 2024 → Q4 2024
| META Meta Platforms Inc. Class A | Reduce -95.0% | 0.23% | −4.80 |
| MSFT Microsoft Corp. | Reduce -27.9% | 3.80% | −2.20 |
| NVDA Nvidia Corp. | Reduce -19.7% | 8.37% | −2.14 |
| GOOG Alphabet Inc. Class C | Reduce -98.5% | 0.03% | −2.09 |
| AMD Advanced Micro Devices | Reduce -13.7% | 2.34% | −1.76 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −1.70 |
| AVGO Broadcom Inc. | Reduce -92.2% | 0.17% | −1.62 |
| FLG Flagstar Bank NA | Reduce -9.9% | 2.51% | −1.23 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -45.8% | 1.45% | −1.17 |
| AMZN Amazon.com Inc. | Reduce -27.1% | 3.88% | −1.16 |
| GOOGL Alphabet Inc. Class A | Reduce -51.8% | 0.75% | −0.77 |
| MU Micron Technology Inc. | Reduce -43.9% | 0.52% | −0.76 |
| AAPL Apple Inc. | Reduce -12.5% | 3.71% | −0.69 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.54 |
| JNJ Johnson & Johnson | Reduce -66.6% | 0.19% | −0.53 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -68.7% | 0.20% | −0.50 |
| CI The Cigna Group | Sold out | 0.00% | −0.49 |
| HON Honeywell International Inc. | Reduce -61.1% | 0.28% | −0.46 |
| PFE Pfizer Inc. | Reduce -40.9% | 0.40% | −0.42 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.40 |
| COIN Coinbase Global Inc. Class A | Reduce -39.4% | 1.24% | −0.40 |
| BA The Boeing Co. | Reduce -49.1% | 0.44% | −0.38 |
| BABA Alibaba Group Holding-SP ADR | Reduce -35.9% | 0.31% | −0.36 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.29 |
| MMM 3M Co. | Reduce -70.8% | 0.09% | −0.29 |
| LINE Lineage Inc. | Sold out | 0.00% | −0.28 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.28 |
| DLTR Dollar Tree Inc. | Reduce -14.8% | 1.22% | −0.28 |
| BXP BXP Inc. | Sold out | 0.00% | −0.27 |
| AHR American Healthcare REIT Inc. | Reduce -53.8% | 0.22% | −0.26 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -49.4% | 0.31% | −0.25 |
| CTRE Caretrust REIT Inc. | Reduce -78.8% | 0.05% | −0.24 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.22 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.22 |
| BIIB Biogen Inc. | Reduce -19.7% | 0.27% | −0.20 |
| PPL PPL Corp. | Reduce -42.6% | 0.20% | −0.20 |
| REGN Regeneron Pharmaceuticals | Reduce -48.9% | 0.08% | −0.17 |
| UDR Udr Inc. | Sold out | 0.00% | −0.17 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.17 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.17 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.16 |
| ORCL Oracle Corp. | Reduce -57.6% | 0.09% | −0.15 |
| PWSC Powerschool Holdings Inc. Class A | Sold out | 0.00% | −0.15 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −0.15 |
| ANSS Ansys Inc. | Reduce -33.6% | 0.23% | −0.14 |
| CNP Centerpoint Energy Inc. | Sold out | 0.00% | −0.13 |
| TXNM TXNM Energy Inc. | Reduce -49.8% | 0.14% | −0.13 |
| PNW Pinnacle West Capital | Sold out | 0.00% | −0.13 |
| SO The Southern Co. | Reduce -55.3% | 0.07% | −0.12 |
| RDN Radian Group Inc. | Sold out | 0.00% | −0.12 |
Portfolio Buys Q3 2024 → Q4 2024
| TSLA Tesla Inc. | Add +118.5% | 2.98% | +1.99 |
| UNH Unitedhealth Group Inc. | New | 1.61% | +1.61 |
| MSTR Strategy Inc. | Add +746.7% | 1.28% | +1.18 |
| ARM Arm Holdings PLC-ADR | New | 1.07% | +1.07 |
| LLY Eli Lilly & Co. | Add +234.3% | 1.49% | +0.92 |
| KO The Coca-Cola Co. | New | 0.91% | +0.91 |
| TXN Texas Instruments Inc. | New | 0.90% | +0.90 |
| XOM Exxon Mobil Corp. | New | 0.85% | +0.85 |
| EQIX Equinix Inc. | New | 0.85% | +0.85 |
| PYPL PayPal Holdings Inc. | Add +2430.2% | 0.86% | +0.83 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +150.0% | 1.54% | +0.81 |
| MDB Mongodb Inc. | New | 0.79% | +0.79 |
| CTSH Cognizant Tech Solutions-A | New | 0.75% | +0.75 |
| IBM Intl Business Machines Corp. | Add +2231.5% | 0.68% | +0.65 |
| AFRM Affirm Holdings Inc. | New | 0.63% | +0.63 |
| FLUT Flutter Entertainment PLC-Di | New | 0.62% | +0.62 |
| RTX RTX Corp. | Add +2770.6% | 0.60% | +0.57 |
| UBER Uber Technologies Inc. | New | 0.54% | +0.54 |
| HOOD Robinhood Markets Inc. Class A | New | 0.54% | +0.54 |
| TGT Target Corp. | Add +1763.4% | 0.52% | +0.48 |
| QCOM Qualcomm Inc. | New | 0.46% | +0.46 |
| MCHP Microchip Technology Inc. | New | 0.45% | +0.45 |
| NOW ServiceNow Inc. | New | 0.42% | +0.42 |
| BAC Bank of America Corp. | Add +207.9% | 0.61% | +0.41 |
| MSCI MSCI Inc. | Add +526.4% | 0.48% | +0.39 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.38% | +0.38 |
| LULU Lululemon Athletica Inc. | New | 0.37% | +0.37 |
| DIS The Walt Disney Co. | Add +124.9% | 0.64% | +0.37 |
| SUM Summit Materials Inc. Class A | New | 0.35% | +0.35 |
| INTC Intel Corp. | Add +2212.6% | 0.37% | +0.35 |
| CUBE Cubesmart | New | 0.33% | +0.33 |
| ULTA Ulta Beauty Inc. | Add +843.5% | 0.37% | +0.33 |
| HSIC Henry Schein Inc. | Add +102.1% | 0.73% | +0.31 |
| KRE SS SPDR S&P Regional Bank | Add +226.6% | 0.43% | +0.29 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +438.5% | 0.40% | +0.28 |
| OKTA Okta Inc. | New | 0.28% | +0.28 |
| MELI MercadoLibre Inc. | New | 0.28% | +0.28 |
| SNREY Sunrise Communicat Class A | New | 0.28% | +0.28 |
| HD Home Depot Inc. | Add +523.5% | 0.34% | +0.27 |
| LPLA LPL Financial Holdings Inc. | Add +109.0% | 0.44% | +0.27 |
| PANW Palo Alto Networks Inc. | New | 0.26% | +0.26 |
| JNPR Juniper Networks Inc. | Add +70.1% | 0.76% | +0.24 |
| IBIT iShares Bitcoin Trust ETF | New | 0.24% | +0.24 |
| AMAT Applied Materials Inc. | New | 0.23% | +0.23 |
| MCD McDonald's Corp. | Add +146.3% | 0.43% | +0.23 |
| SMCI Super Micro Computer Inc. | New | 0.22% | +0.22 |
| BP BP PLC-Spons ADR | New | 0.21% | +0.21 |
| VNO Vornado Realty Trust | New | 0.21% | +0.21 |
| ETSY Etsy Inc. | New | 0.21% | +0.21 |
| HES Hess Corp. | Add +30.5% | 1.58% | +0.20 |
Options Activity Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | put | Reduce -13.9% | 9,005,000 | $1.2B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +17.6% | 1,335,900 | $782.9M |
| TSLA Tesla Inc. | put | Add +198.6% | 1,605,000 | $648.2M |
| AMZN Amazon.com Inc. | put | Reduce -14.2% | 2,830,000 | $620.9M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +497.5% | 824,500 | $421.5M |
| AAPL Apple Inc. | put | Reduce -32.3% | 1,625,000 | $406.9M |
| AMD Advanced Micro Devices | put | Reduce -6.7% | 2,900,000 | $350.3M |
| TSLA Tesla Inc. | call | Add +331.6% | 733,800 | $296.3M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +25.0% | 600,000 | $272.0M |
| GOOG Alphabet Inc. Class C | put | Sold out | 1,560,000 | $260.8Mbefore exit |
| LLY Eli Lilly & Co. | put | Add +300.0% | 320,000 | $247.0M |
| META Meta Platforms Inc. Class A | put | Reduce -64.8% | 370,000 | $216.6M |
| UNH Unitedhealth Group Inc. | put | New | 395,000 | $199.8M |
| XOM Exxon Mobil Corp. | put | Add +478.9% | 1,813,200 | $195.0M |
| MSFT Microsoft Corp. | put | Reduce -74.5% | 460,000 | $193.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 330,000 | $189.3Mbefore exit |
| ARM Arm Holdings PLC-ADR | put | New | 1,500,000 | $185.0M |
| BA The Boeing Co. | put | Add +43.1% | 1,030,000 | $182.3M |
| COIN Coinbase Global Inc. Class A | put | Reduce -38.4% | 700,000 | $173.8M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -46.8% | 880,000 | $173.8M |
| IWM iShares Russell 2000 ETF | put | Add +280.8% | 775,000 | $171.2M |
| MSTR Strategy Inc. | put | New | 575,000 | $166.5M |
| ORCL Oracle Corp. | call | Sold out | 767,200 | $130.7Mbefore exit |
| PYPL PayPal Holdings Inc. | put | New | 1,400,000 | $119.5M |
| EQIX Equinix Inc. | put | New | 125,000 | $117.9M |
| KO The Coca-Cola Co. | put | New | 1,850,000 | $115.2M |
| BABA Alibaba Group Holding-SP ADR | put | Add +64.1% | 1,280,000 | $108.5M |
| MDB Mongodb Inc. | put | New | 460,000 | $107.1M |
| CTSH Cognizant Tech Solutions-A | put | New | 1,350,000 | $103.8M |
| CRWD CrowdStrike Holdings Inc. Class A | put | Add +16.0% | 290,000 | $99.2M |
| SMH Vaneck Semiconductor ETF | call | Reduce -16.4% | 372,500 | $90.2M |
| DIS The Walt Disney Co. | put | Add +263.6% | 800,000 | $89.1M |
| RTX RTX Corp. | put | New | 757,800 | $87.7M |
| TXN Texas Instruments Inc. | put | Add +2400.0% | 465,000 | $87.2M |
| AFRM Affirm Holdings Inc. | put | New | 1,400,000 | $85.3M |
| GOOGL Alphabet Inc. Class A | call | Add +65.4% | 450,000 | $85.2M |
| JNJ Johnson & Johnson | put | Sold out | 500,000 | $81.0Mbefore exit |
| FLUT Flutter Entertainment PLC-Di | put | New | 300,000 | $77.5M |
| HOOD Robinhood Markets Inc. Class A | put | New | 2,000,000 | $74.5M |
| TGT Target Corp. | put | Add +408.0% | 533,400 | $72.1M |
| MU Micron Technology Inc. | put | Reduce -43.3% | 850,000 | $71.5M |
| UBER Uber Technologies Inc. | put | Add +280.0% | 1,140,000 | $68.8M |
| QCOM Qualcomm Inc. | put | New | 428,000 | $65.7M |
| SMH Vaneck Semiconductor ETF | put | Add +33.4% | 270,000 | $65.4M |
| MCHP Microchip Technology Inc. | put | New | 1,100,000 | $63.1M |
| AAPL Apple Inc. | call | Reduce -37.8% | 250,000 | $62.6M |
| AMZN Amazon.com Inc. | call | Add +265.4% | 285,000 | $62.5M |
| SMCI Super Micro Computer Inc. | put | New | 2,000,000 | $61.0M |
| CI The Cigna Group | put | Sold out | 175,000 | $60.6Mbefore exit |
| IBM Intl Business Machines Corp. | put | New | 260,000 | $57.2M |
Showing the first 50 of 282.
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
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Add +74.5% | 124,686,000 | $577.8M |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | Add +4.8% | 113,473,000 | $324.8M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Add +11.0% | 302,387,000 | $303.7M |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | Reduce -0.3% | 120,466,000 | $163.4M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 141,500,000 | $153.7M |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | Sold out | 158,130,000 | $136.8Mbefore exit |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Add +12.9% | 109,340,000 | $115.0M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Add +31.7% | 95,500,000 | $97.7M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Add +238.7% | 84,678,000 | $81.6M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +174.1% | 67,704,000 | $65.4M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | New | 55,640,960 | $59.0M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Add +93.8% | 41,571,000 | $51.6M |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | Reduce -4.6% | 52,156,000 | $48.6M |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | New | 23,397,000 | $48.4M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Add +13.1% | 43,236,000 | $41.0M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +21.6% | 45,103,000 | $37.1M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 20,000,000 | $17.9M |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Add +21.7% | 14,000,000 | $14.7M |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | Reduce -77.4% | 11,014,000 | $10.6M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Sold out | 7,500,000 | $7.3Mbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 100,000 | $5.0M |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Reduce -73.5% | 3,900,000 | $4.6M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 11,269,000 | $4.2Mbefore exit |
| LUNRW Intuitive Machines Inc.-CW | *W EXP 99/99/999 | Add +7.2% | 310,776 | $2.5M |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | New | 277,150 | $1.8M |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | Add +64.8% | 576,741 | $611K |
| PSQH.WS Colombier Acq Class A -CW28 | *W EXP 07/19/202 | New | 450,429 | $360K |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | New | 132,950 | $273K |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | New | 1,575,000 | $268K |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | New | 725,000 | $218K |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | New | 150,670 | $170K |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | Add +84.7% | 467,979 | $159K |
| DHAIW Aurora Technology Acquis -28 | *W EXP 04/20/202 | Reduce -5.6% | 1,385,121 | $75K |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | New | 188,238 | $69K |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | New | 301,114 | $68K |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | New | 325,000 | $54K |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | New | 96,154 | $53K |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | New | 295,297 | $36K |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | Add +1.5% | 131,468 | $29K |
| MDCXW Medicus Pharma Ltd. -29 | *W EXP 11/15/202 | New | 41,300 | $27K |
| SKYAW Sharps Technology Inc. -27 | *W EXP 04/13/202 | Sold out | 470,000 | $24Kbefore exit |
| HOVRW Pono Capital Three Inc.-A-28 | *W EXP 02/14/202 | Reduce -44.8% | 197,290 | $20K |
| BMTX.WS BM Technologies -CW23 | *W EXP 01/04/202 | New | 33,125 | $19K |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | New | 162,500 | $19K |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | New | 100,000 | $18K |
| QOMOW Qomolangma Acquisition Co.-27 | *W EXP 09/29/202 | Sold out | 494,200 | $13Kbefore exit |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | Reduce -69.2% | 100,000 | $12K |
| EGUVF Evergreen Corporation -CW27 | *W EXP 02/08/202 | Reduce -1.9% | 431,483 | $12K |
| SMNRW Denali Capital Acq-CW27 | *W EXP 99/99/999 | Reduce -11.8% | 312,957 | $12K |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | Reduce -34.0% | 281,402 | $11K |
Showing the first 50 of 80.
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 | 984 | $18.9B | AMZN, TSM, TSLA, NVDA, SNDK |
| Q1 2026 | 1,048 | $14.9B | NVDA, TSLA, AMZN, AAPL, FLG |
| Q4 2025 | 859 | $15.9B | NVDA, TSLA, AMZN, AMD, PLTR |
| Q3 2025Amended | 856 | $14.2B | NVDA, AMZN, TSLA, FLG, AMD |
| Q2 2025Amended | 818 | $13.5B | NVDA, TSLA, MSTR, AMZN, AMD |
| Q1 2025 | 762 | $13.6B | NVDA, TSLA, FLG, AAPL, LLY |
| Q4 2024 | 591 | $13.9B | NVDA, AMZN, MSFT, AAPL, TSLA |
| Q3 2024 | 530 | $12.4B | NVDA, MSFT, AMZN, META, AAPL |
| Q2 2024 | 527 | $11.4B | NVDA, AMZN, AAPL, MSFT, LLY |
| Q1 2024 | 495 | $10.0B | SPY, MSFT, NVDA, AMZN, AAPL |