Hudson Bay Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Hudson Bay Capital Management LP reported 762 stock positions worth $13.6 billion. Its top holding was Nvidia (NVDA) at 8.1% of the portfolio, followed by Tesla (TSLA, 3.8%) and Flagstar Bank NA (FLG, 3.0%). Compared with Q4 2024, it opened 339 new positions, sold out of 167, added to 191 and reduced 185. The biggest buy was iShares Russell 2000 ETF (IWM, shares +424%) and the biggest sale Amazon.com (AMZN, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001393825
- Portfolio Value
- $13.6B (Q1 2025)
- SEC Filing
- 0001393825-25-000010 ↗ filed May 14, 2025
Holdings Value
Holdings 762 stocks · $13.6B
| NVDA Nvidia Corp. | 8.09% | 10,168,446 | $1.1B | Add +17.6% |
| TSLA Tesla Inc. | 3.81% | 2,005,697 | $519.8M | Add +96.1% |
| FLG Flagstar Bank NA | 2.96% | 34,689,439 | $403.1M | Reduce -7.0% |
| AAPL Apple Inc. | 2.81% | 1,721,237 | $382.3M | Reduce -16.3% |
| LLY Eli Lilly & Co. | 2.37% | 391,083 | $323.0M | Add +46.2% |
| AMZN Amazon.com Inc. | 1.78% | 1,278,387 | $243.2M | Reduce -47.9% |
| IWM iShares Russell 2000 ETF | 1.76% | 1,205,533 | $240.5M | Add +424.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.73% | 443,510 | $236.2M | Reduce -14.0% |
| MSFT Microsoft Corp. | 1.73% | 627,129 | $235.4M | Reduce -49.8% |
| HES Hess Corp. | 1.65% | 1,405,967 | $224.6M | Reduce -14.9% |
| GOOGL Alphabet Inc. Class A | 1.64% | 1,445,101 | $223.5M | Add +163.9% |
| COIN Coinbase Global Inc. Class A | 1.55% | 1,227,973 | $211.5M | Add +76.8% |
| AMD Advanced Micro Devices | 1.53% | 2,034,319 | $209.0M | Reduce -24.2% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 1.52% | 720,992 | $207.8M | Add +17.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.47% | 4,802,372 | $200.4M | Add +149.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.35% | 1,106,199 | $183.6M | Add +8.5% |
| PM Philip Morris International | 1.17% | 1,002,602 | $159.1M | New |
| DLTR Dollar Tree Inc. | 1.12% | 2,039,000 | $153.1M | Reduce -9.4% |
| BP BP PLC-Spons ADR | 1.12% | 4,500,000 | $152.1M | Add +350.0% |
| GOOG Alphabet Inc. Class C | 1.10% | 956,990 | $149.5M | Add +4001.8% |
| UBER Uber Technologies Inc. | 1.04% | 1,941,814 | $141.5M | Add +55.6% |
| ABBV Abbvie Inc. | 1.00% | 650,871 | $136.4M | Add +2062.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.95% | 276,635 | $129.7M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.95% | 1,308,184 | $129.1M | Add +63.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.88% | 213,671 | $119.5M | Add +345.3% |
| COF Capital One Financial Corp. | 0.85% | 647,414 | $116.1M | Add +36.8% |
| BA The Boeing Co. | 0.80% | 639,332 | $109.0M | Add +87.3% |
| ADI Analog Devices Inc. | 0.80% | 539,719 | $108.8M | New |
| ADBE Adobe Inc. | 0.78% | 275,500 | $105.7M | Add +1412.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.76% | 156,751 | $103.9M | Add +104.0% |
| C Citigroup Inc. | 0.72% | 1,380,108 | $98.0M | Add +176.0% |
| DASH DoorDash Inc. Class A | 0.70% | 524,836 | $95.9M | Add +41.7% |
| PYPL PayPal Holdings Inc. | 0.70% | 1,462,061 | $95.4M | Add +4.4% |
| FLUT Flutter Entertainment PLC-Di | 0.67% | 411,607 | $91.2M | Add +24.6% |
| ISRG Intuitive Surgical Inc. | 0.66% | 180,849 | $89.6M | New |
| TXN Texas Instruments Inc. | 0.62% | 468,337 | $84.2M | Reduce -29.6% |
| LPLA LPL Financial Holdings Inc. | 0.61% | 252,579 | $82.6M | Add +35.8% |
| MS Morgan Stanley | 0.60% | 704,153 | $82.2M | New |
| ITCI Intra-Cellular Therapies Inc. | 0.59% | 606,808 | $80.1M | Add +832.9% |
| HOOD Robinhood Markets Inc. Class A | 0.54% | 1,760,000 | $73.3M | Reduce -12.0% |
| CDNS Cadence Design SYS Inc. | 0.53% | 281,584 | $71.6M | New |
| UNH Unitedhealth Group Inc. | 0.51% | 132,500 | $69.4M | Reduce -70.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.46% | 252,283 | $62.7M | Reduce -41.1% |
| ETSY Etsy Inc. | 0.45% | 1,290,747 | $60.9M | Add +139.6% |
| RTX RTX Corp. | 0.43% | 445,429 | $59.0M | Reduce -37.9% |
| CUZ Cousins Properties Inc. | 0.42% | 1,962,128 | $57.9M | Add +36.9% |
| AVGO Broadcom Inc. | 0.41% | 333,981 | $55.9M | Add +233.1% |
| JNJ Johnson & Johnson | 0.40% | 331,615 | $55.0M | Add +79.1% |
| KRE SS SPDR S&P Regional Bank | 0.40% | 951,834 | $54.1M | Reduce -2.9% |
| EXR Extra Space Storage Inc. | 0.39% | 357,278 | $53.1M | New |
| ESS Essex Property Trust Inc. | 0.36% | 158,359 | $48.5M | Add +132.7% |
| NEM Newmont Corp. | 0.35% | 1,000,000 | $48.3M | New |
| PDD PDD Holdings Inc. | 0.35% | 405,140 | $47.9M | New |
| WFC Wells Fargo & Co. | 0.34% | 647,215 | $46.5M | Add +89.0% |
| SCHW Schwab (charles) Corp. | 0.34% | 590,527 | $46.2M | New |
| META Meta Platforms Inc. Class A | 0.34% | 79,860 | $46.0M | Add +46.3% |
| VNO Vornado Realty Trust | 0.33% | 1,218,813 | $45.1M | Add +78.8% |
| CGNX Cognex Corp. | 0.33% | 1,500,000 | $44.7M | New |
| PANW Palo Alto Networks Inc. | 0.31% | 245,737 | $41.9M | Add +22.9% |
| BMRN Biomarin Pharmaceutical Inc. | 0.30% | 586,845 | $41.5M | Add +27.6% |
| MET Metlife Inc. | 0.30% | 501,830 | $40.3M | New |
| NOW ServiceNow Inc. | 0.29% | 50,312 | $40.1M | Reduce -7.8% |
| CHX Championx Corp. | 0.29% | 1,329,337 | $39.6M | Add +37.8% |
| SLG SL Green Realty Corp. | 0.29% | 679,195 | $39.2M | Add +154.3% |
| TXNM TXNM Energy Inc. | 0.29% | 728,124 | $38.9M | Add +89.0% |
| AKR Acadia Realty Trust | 0.29% | 1,854,853 | $38.9M | Add +25.3% |
| COST Costco Wholesale Corp. | 0.28% | 40,762 | $38.6M | Add +704.6% |
| CUBE Cubesmart | 0.28% | 899,537 | $38.4M | Reduce -15.8% |
| INTC Intel Corp. | 0.27% | 1,639,908 | $37.2M | Reduce -35.6% |
| FYBR Frontier Communications Pare | 0.27% | 1,031,696 | $37.0M | Add +93.6% |
| AON Aon PLC Class A | 0.26% | 90,070 | $35.9M | New |
| DELL Dell Technologies -C | 0.25% | 380,890 | $34.7M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.25% | 1,062,225 | $34.6M | Add +616.5% |
| PLTR Palantir Technologies Inc. Class A | 0.25% | 403,432 | $34.0M | New |
| AEE Ameren Corporation | 0.25% | 336,210 | $33.8M | Reduce -16.2% |
| FE Firstenergy Corp. | 0.25% | 833,137 | $33.7M | Reduce -19.2% |
| MRK Merck & Co. Inc. | 0.24% | 362,540 | $32.5M | Add +43.5% |
| BHC Bausch Health Cos Inc. | 0.24% | 5,000,000 | $32.4M | New |
| NFLX Netflix Inc. | 0.23% | 34,197 | $31.9M | Add +315.4% |
| NI Nisource Inc. | 0.23% | 790,559 | $31.7M | Reduce -39.7% |
| IONS Ionis Pharmaceuticals Inc. | 0.23% | 1,049,900 | $31.7M | Add +27.9% |
| KRG Kite Realty Group Trust | 0.23% | 1,388,971 | $31.1M | Add +21.6% |
| NTST Netstreit Corp. | 0.23% | 1,945,031 | $30.8M | Add +45.3% |
| MU Micron Technology Inc. | 0.22% | 348,726 | $30.3M | Reduce -59.5% |
| OMC Omnicom Group | 0.22% | 363,580 | $30.1M | New |
| JPM JPMorgan Chase & Co. | 0.22% | 122,288 | $30.0M | Add +336.2% |
| BTU Peabody Energy Corp. | 0.22% | 2,183,024 | $29.6M | Add +41.4% |
| EQH Equitable Holdings Inc. | 0.22% | 566,501 | $29.5M | Add +61.9% |
| EXC Exelon Corp. | 0.21% | 629,154 | $29.0M | Add +115.3% |
| FCPT Four Corners Property Trust | 0.21% | 1,010,056 | $29.0M | New |
| VNQ Vanguard Real Estate ETF | 0.21% | 315,167 | $28.5M | Add +28.6% |
| AHR American Healthcare REIT Inc. | 0.21% | 937,759 | $28.4M | Reduce -11.3% |
| ANSS Ansys Inc. | 0.21% | 89,449 | $28.3M | Reduce -7.3% |
| PENN Penn Entertainment Inc. | 0.21% | 1,720,845 | $28.1M | Add +928.8% |
| TGT Target Corp. | 0.20% | 266,103 | $27.8M | Reduce -50.1% |
| BIDU Baidu Inc. - Spon ADR | 0.20% | 300,000 | $27.6M | No change |
| BIIB Biogen Inc. | 0.20% | 200,520 | $27.4M | Reduce -16.8% |
| GLD SPDR Gold Shares | 0.20% | 94,475 | $27.2M | New |
| XOM Exxon Mobil Corp. | 0.20% | 224,740 | $26.7M | Reduce -79.6% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.19% | 368,490 | $26.4M | New |
Options reported separately and not counted above: NVDA puts ($1.3B), SPY puts ($832.8M), HYG puts ($816.5M), IWM puts ($738.1M), TSLA puts ($675.9M), QQQ calls ($605.4M), MSFT puts ($564.8M), AMD puts ($488.1M), BRK.B puts ($452.7M), AMZN puts ($447.1M), AAPL puts ($387.8M), SPY calls ($279.7M), and 390 more.
Other holdings (107): bonds, preferreds, convertibles and warrants · $2.2B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 311,387,000 | $315.6M | Add +3.0% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 117,098,000 | $288.0M | Add +3.2% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 224,060,000 | $251.3M | Add +104.9% |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 120,466,000 | $146.6M | No change |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 131,901,000 | $128.5M | Add +55.8% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 114,225,000 | $121.2M | Reduce -19.3% |
| TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *) | DEB 4.000%12/1 · principal | 115,877,000 | $118.1M | Add +1.6% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 4,110,100 | $113.7M | No change |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 101,000,000 | $100.7M | Add +5.8% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 75,421,740 | $84.4M | Add +35.5% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 31,000,000 | $83.4M | No change |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 41,571,000 | $55.1M | No change |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 55,704,000 | $53.3M | Reduce -17.7% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 51,056,000 | $48.7M | Reduce -2.1% |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 42,913,000 | $40.8M | Reduce -6.5% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 40,236,000 | $38.7M | Reduce -6.9% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 43,603,000 | $37.0M | Reduce -3.3% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 33,000,000 | $32.0M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 19,500,000 | $17.4M | Reduce -57.6% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 20,000,000 | $17.4M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 15,000,000 | $14.3M | No change |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 14,000,000 | $13.8M | No change |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | 11,014,000 | $10.7M | No change |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 91,200 | $7.6M | New |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 427,684 | $1.7M | New |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 947,109 | $1.3M | Add +64.2% |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 448,495 | $1.2M | Add +61.8% |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 512,321 | $1.1M | New |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 218,800 | $805K | New |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 261,700 | $793K | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 549,341 | $615K | Add +313.2% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 76,031 | $337K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 212,500 | $332K | New |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 950,000 | $238K | No change |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 1,300,000 | $235K | Reduce -17.5% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 1,800,000 | $234K | New |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 465,229 | $167K | Reduce -0.6% |
| PSQH.WS Colombier Acq Class A -CW28 | *W EXP 07/19/202 | 673,474 | $156K | Add +49.5% |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 85,202 | $153K | New |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | 100,000 | $147K | Reduce -33.6% |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 245,148 | $118K | Add +30.2% |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | 50,038 | $115K | New |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 375,000 | $113K | Reduce -48.3% |
| CLRRF Climaterock -RTS | RIGHT 10/31/2028 | 440,415 | $96K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 800,000 | $96K | New |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 290,390 | $93K | Add +16.2% |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 112,370 | $92K | New |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 214,990 | $88K | New |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 375,000 | $85K | New |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 450,000 | $83K | Reduce -35.7% |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 300,000 | $72K | New |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 425,000 | $70K | New |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 90,000 | $68K | New |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 325,000 | $65K | New |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 275,745 | $63K | Reduce -8.4% |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | 250,000 | $63K | New |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 290,000 | $59K | No change |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 325,000 | $59K | No change |
| EVGO INC | *W EXP 07/01/202 | 238,500 | $57K | New |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 750,000 | $50K | No change |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 300,000 | $48K | New |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 37,572 | $46K | New |
| JVSAR Jvspac Acquisition Corp.-RTS | RIGHT 11/26/2026 | 164,178 | $46K | Reduce -6.2% |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 250,000 | $45K | New |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 175,000 | $44K | New |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | 96,154 | $42K | No change |
| AIMWF Aimfinity Investment-CW27 | *W EXP 99/99/999 | 501,000 | $39K | No change |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 202,500 | $36K | New |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 175,000 | $33K | No change |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | 213,061 | $32K | Reduce -27.9% |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 290,000 | $29K | New |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 200,000 | $28K | New |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | 100,000 | $27K | No change |
| YOTAW Yotta Acquisition Corp. -27 | *W EXP 03/15/202 | 471,180 | $26K | No change |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | 14,090 | $23K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 162,500 | $22K | No change |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 32,614 | $21K | New |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 100,000 | $21K | New |
| SMNRW Denali Capital Acq-CW27 | *W EXP 99/99/999 | 312,957 | $19K | No change |
| DHAIW Aurora Technology Acquis -28 | *W EXP 04/20/202 | 1,385,121 | $18K | No change |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 137,142 | $17K | Add +4.3% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 100,000 | $15K | No change |
| CINGW Cingulate -CW23 | *W EXP 12/10/202 | 210,798 | $12K | No change |
| FGIWW Fgi Industries Ltd. -23 | *W EXP 99/99/999 | 160,372 | $12K | No change |
| EMCWF Embrace Change Acquisitio-26 | *W EXP 10/25/202 | 285,000 | $11K | No change |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | 99,878 | $10K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 272,700 | $9K | No change |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | 281,402 | $8K | No change |
| HSPWF Horizon Space Acquisition-28 | *W EXP 12/27/202 | 419,586 | $7K | No change |
| HOVRW Pono Capital Three Inc.-A-28 | *W EXP 02/14/202 | 197,290 | $7K | No change |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 123,546 | $6K | No change |
| EDBLW Edible Garden AG Inc.-CW27 | *W EXP 99/99/999 | 100,000 | $5K | No change |
| CHEB.WS Chenghe Acquisition II - 29 | *W EXP 05/30/203 | 85,100 | $4K | No change |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | 100,661 | $4K | Reduce -49.5% |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 95,500 | $3K | No change |
| MKDWW MKD Tech Inc. -29 | *W EXP 06/10/202 | 200,000 | $3K | No change |
| MSSWF Metal SKY Star Acq -CW27 | *W EXP 03/31/202 | 202,321 | $2K | Reduce -1.8% |
| BENFW Beneficient Co. Group -28 | *W EXP 06/07/202 | 300,000 | $2K | No change |
| ZOOZW Zooz Strategy Ltd.-29 | *W EXP 04/02/202 | 38,893 | $2K | No change |
| CLRWF Climaterock Class A -27 | *W EXP 99/99/999 | 56,650 | $2K | Reduce -35.9% |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 97,483 | $1K | No change |
| GRMLW Anew Medical Inc. | *W EXP 06/21/202 | 60,966 | $1K | No change |
| NIVFW Newgenivf Group Ltd.-28 | *W EXP 04/03/202 | 60,035 | $1K | No change |
| NEXRW Jeffs Brands Ltd. -27 | *W EXP 08/26/202 | 31,152 | $745 | No change |
| GCLWW GCL Global Holdings-A -CW26 | *W EXP 02/13/203 | 13,538 | $684 | New |
| AREBW American Rebel Holdings -23 | *W EXP 01/20/202 | 50,000 | $663 | No change |
| SRZNW Surrozen Inc.-CW25 | *W EXP 08/01/203 | 20,718 | $622 | No change |
Total filed on the 13F, all lines: $15.8B.
Portfolio Sells Q4 2024 → Q1 2025
| AMZN Amazon.com Inc. | Reduce -47.9% | 1.78% | −2.09 |
| MSFT Microsoft Corp. | Reduce -49.8% | 1.73% | −2.07 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −1.54 |
| UNH Unitedhealth Group Inc. | Reduce -70.0% | 0.51% | −1.10 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −1.07 |
| AAPL Apple Inc. | Reduce -16.3% | 2.81% | −0.91 |
| EQIX Equinix Inc. | Reduce -99.8% | 0.00% | −0.85 |
| KO The Coca-Cola Co. | Reduce -94.0% | 0.06% | −0.84 |
| AMD Advanced Micro Devices | Reduce -24.2% | 1.53% | −0.80 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.79 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.75 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −0.73 |
| XOM Exxon Mobil Corp. | Reduce -79.6% | 0.20% | −0.66 |
| JNPR Juniper Networks Inc. | Reduce -83.7% | 0.12% | −0.64 |
| K Kellanova | Sold out | 0.00% | −0.58 |
| PEP Pepsico Inc. | Reduce -95.4% | 0.03% | −0.57 |
| AFRM Affirm Holdings Inc. | Reduce -87.4% | 0.06% | −0.57 |
| PARAA Paramount Global Class B | Reduce -93.9% | 0.04% | −0.46 |
| MCHP Microchip Technology Inc. | Reduce -98.5% | 0.01% | −0.45 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.40 |
| MSCI MSCI Inc. | Reduce -78.8% | 0.10% | −0.38 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.37 |
| PFE Pfizer Inc. | Reduce -91.4% | 0.03% | −0.37 |
| QCOM Qualcomm Inc. | Reduce -79.7% | 0.09% | −0.36 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.35 |
| LULU Lululemon Athletica Inc. | Reduce -92.1% | 0.02% | −0.35 |
| TGT Target Corp. | Reduce -50.1% | 0.20% | −0.32 |
| HD Home Depot Inc. | Reduce -91.9% | 0.03% | −0.31 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.31 |
| MU Micron Technology Inc. | Reduce -59.5% | 0.22% | −0.30 |
| DFS Discover Financial Services | Reduce -77.1% | 0.09% | −0.29 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.28 |
| TXN Texas Instruments Inc. | Reduce -29.6% | 0.62% | −0.28 |
| SNREY Sunrise Communicat Class A | Sold out | 0.00% | −0.28 |
| MCD McDonald's Corp. | Reduce -67.7% | 0.15% | −0.28 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -85.8% | 0.05% | −0.27 |
| MELI MercadoLibre Inc. | Reduce -91.1% | 0.03% | −0.25 |
| HON Honeywell International Inc. | Reduce -84.3% | 0.04% | −0.24 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.22 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.22 |
| IBM Intl Business Machines Corp. | Reduce -41.1% | 0.46% | −0.22 |
| PPL PPL Corp. | Sold out | 0.00% | −0.20 |
| WMT Walmart Inc. | Reduce -97.3% | 0.01% | −0.19 |
| ADC Agree Realty Corp. | Sold out | 0.00% | −0.18 |
| ELS Equity Lifestyle Properties | Sold out | 0.00% | −0.18 |
| ETN Eaton Corp. PLC | Reduce -69.4% | 0.06% | −0.18 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.18 |
| BRX Brixmor Property Group Inc. | Reduce -49.3% | 0.17% | −0.17 |
| RTX RTX Corp. | Reduce -37.9% | 0.43% | −0.17 |
| XLF SS Financial Select Sector | Reduce -50.0% | 0.18% | −0.17 |
Portfolio Buys Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | Add +424.1% | 1.76% | +1.40 |
| PM Philip Morris International | New | 1.17% | +1.17 |
| GOOG Alphabet Inc. Class C | Add +4001.8% | 1.10% | +1.06 |
| ABBV Abbvie Inc. | Add +2062.2% | 1.00% | +0.96 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.95% | +0.95 |
| BP BP PLC-Spons ADR | Add +350.0% | 1.12% | +0.90 |
| GOOGL Alphabet Inc. Class A | Add +163.9% | 1.64% | +0.89 |
| LLY Eli Lilly & Co. | Add +46.2% | 2.37% | +0.88 |
| BAC Bank of America Corp. | Add +149.6% | 1.47% | +0.86 |
| TSLA Tesla Inc. | Add +96.1% | 3.81% | +0.84 |
| ADI Analog Devices Inc. | New | 0.80% | +0.80 |
| ADBE Adobe Inc. | Add +1412.9% | 0.78% | +0.72 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +345.3% | 0.88% | +0.67 |
| ISRG Intuitive Surgical Inc. | New | 0.66% | +0.66 |
| MS Morgan Stanley | New | 0.60% | +0.60 |
| ITCI Intra-Cellular Therapies Inc. | Add +832.9% | 0.59% | +0.55 |
| CDNS Cadence Design SYS Inc. | New | 0.53% | +0.53 |
| UBER Uber Technologies Inc. | Add +55.6% | 1.04% | +0.50 |
| C Citigroup Inc. | Add +176.0% | 0.72% | +0.47 |
| EXR Extra Space Storage Inc. | New | 0.39% | +0.39 |
| ASML ASML Holding NV-NY Reg SHS | Add +104.0% | 0.76% | +0.38 |
| BA The Boeing Co. | Add +87.3% | 0.80% | +0.36 |
| NEM Newmont Corp. | New | 0.35% | +0.35 |
| PDD PDD Holdings Inc. | New | 0.35% | +0.35 |
| SCHW Schwab (charles) Corp. | New | 0.34% | +0.34 |
| CGNX Cognex Corp. | New | 0.33% | +0.33 |
| COIN Coinbase Global Inc. Class A | Add +76.8% | 1.55% | +0.31 |
| DIS The Walt Disney Co. | Add +63.5% | 0.95% | +0.31 |
| MET Metlife Inc. | New | 0.30% | +0.30 |
| AON Aon PLC Class A | New | 0.26% | +0.26 |
| DASH DoorDash Inc. Class A | Add +41.7% | 0.70% | +0.26 |
| DELL Dell Technologies -C | New | 0.25% | +0.25 |
| PLTR Palantir Technologies Inc. Class A | New | 0.25% | +0.25 |
| COST Costco Wholesale Corp. | Add +704.6% | 0.28% | +0.25 |
| MSTR Strategy Inc. | Add +17.9% | 1.52% | +0.25 |
| COF Capital One Financial Corp. | Add +36.8% | 0.85% | +0.24 |
| AVGO Broadcom Inc. | Add +233.1% | 0.41% | +0.24 |
| ETSY Etsy Inc. | Add +139.6% | 0.45% | +0.24 |
| BHC Bausch Health Cos Inc. | New | 0.24% | +0.24 |
| VICI Vici Properties Inc. | Add +616.5% | 0.25% | +0.22 |
| OMC Omnicom Group | New | 0.22% | +0.22 |
| ESS Essex Property Trust Inc. | Add +132.7% | 0.36% | +0.22 |
| FCPT Four Corners Property Trust | New | 0.21% | +0.21 |
| JNJ Johnson & Johnson | Add +79.1% | 0.40% | +0.21 |
| GLD SPDR Gold Shares | New | 0.20% | +0.20 |
| VMRK Vivmark Residential | New | 0.19% | +0.19 |
| RSP Invesco S&P 500 Equal Weight | New | 0.19% | +0.19 |
| SPGI S&P Global Inc. | New | 0.19% | +0.19 |
| NVS Novartis AG-Sponsored ADR | Add +2215.7% | 0.19% | +0.18 |
| PENN Penn Entertainment Inc. | Add +928.8% | 0.21% | +0.18 |
Options Activity Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | put | Add +31.3% | 11,827,400 | $1.3B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +11.4% | 1,488,700 | $832.8M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 10,350,000 | $816.5M |
| IWM iShares Russell 2000 ETF | put | Add +377.4% | 3,700,000 | $738.1M |
| TSLA Tesla Inc. | put | Add +62.5% | 2,608,000 | $675.9M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +2743.6% | 1,291,000 | $605.4M |
| MSFT Microsoft Corp. | put | Add +227.1% | 1,504,500 | $564.8M |
| AMD Advanced Micro Devices | put | Add +63.8% | 4,750,600 | $488.1M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +41.7% | 850,000 | $452.7M |
| AMZN Amazon.com Inc. | put | Reduce -17.0% | 2,349,900 | $447.1M |
| AAPL Apple Inc. | put | Add +7.4% | 1,745,900 | $387.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 500,000 | $279.7M |
| COIN Coinbase Global Inc. Class A | put | Add +104.1% | 1,428,500 | $246.0M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +64.7% | 1,449,700 | $240.7M |
| MSTR Strategy Inc. | put | Add +43.4% | 824,600 | $237.7M |
| BA The Boeing Co. | put | Add +19.7% | 1,232,900 | $210.3M |
| GOOGL Alphabet Inc. Class A | put | Add +349.2% | 1,122,900 | $173.6M |
| LLY Eli Lilly & Co. | put | Reduce -36.5% | 203,100 | $167.7M |
| AVGO Broadcom Inc. | put | Add +885.9% | 985,900 | $165.1M |
| AMGN Amgen Inc. | put | New | 524,800 | $163.5M |
| AMD Advanced Micro Devices | call | New | 1,576,000 | $161.9M |
| BRK.B Berkshire Hathaway Inc. Class B | call | New | 300,000 | $159.8M |
| PM Philip Morris International | put | New | 1,005,700 | $159.6M |
| ABBV Abbvie Inc. | put | New | 703,900 | $147.5M |
| BAC Bank of America Corp. | put | Add +206.9% | 3,376,000 | $140.9M |
| TSLA Tesla Inc. | call | Reduce -27.1% | 535,200 | $138.7M |
| UBER Uber Technologies Inc. | put | Add +63.0% | 1,858,100 | $135.4M |
| ARM Arm Holdings PLC-ADR | put | Reduce -20.0% | 1,200,000 | $128.1M |
| ADI Analog Devices Inc. | put | New | 601,700 | $121.3M |
| MSFT Microsoft Corp. | call | Add +394.3% | 321,300 | $120.6M |
| ASML ASML Holding NV-NY Reg SHS | put | Add +127.3% | 181,800 | $120.5M |
| ADBE Adobe Inc. | put | Add +586.0% | 312,800 | $120.0M |
| EQIX Equinix Inc. | put | Sold out | 125,000 | $117.9Mbefore exit |
| TXN Texas Instruments Inc. | put | Add +39.4% | 648,300 | $116.5M |
| META Meta Platforms Inc. Class A | put | Reduce -46.4% | 198,500 | $114.4M |
| ISRG Intuitive Surgical Inc. | put | New | 218,200 | $108.1M |
| MDB Mongodb Inc. | put | Sold out | 460,000 | $107.1Mbefore exit |
| PYPL PayPal Holdings Inc. | put | Add +11.6% | 1,562,600 | $102.0M |
| MRK Merck & Co. Inc. | put | Add +105.5% | 1,109,500 | $99.6M |
| NVDA Nvidia Corp. | call | Add +1301.5% | 911,000 | $98.7M |
| C Citigroup Inc. | put | Add +359.4% | 1,377,600 | $97.8M |
| NFLX Netflix Inc. | put | Add +226.6% | 104,500 | $97.4M |
| DASH DoorDash Inc. Class A | put | Add +46.9% | 514,100 | $94.0M |
| BABA Alibaba Group Holding-SP ADR | put | Reduce -49.2% | 650,000 | $85.9M |
| CDNS Cadence Design SYS Inc. | put | New | 325,300 | $82.7M |
| MS Morgan Stanley | put | New | 705,100 | $82.3M |
| COST Costco Wholesale Corp. | put | New | 86,000 | $81.3M |
| AAPL Apple Inc. | call | Add +40.8% | 352,100 | $78.2M |
| FLUT Flutter Entertainment PLC-Di | put | Add +16.7% | 350,000 | $77.5M |
| CSCO Cisco Systems Inc. | put | New | 1,233,200 | $76.1M |
Showing the first 50 of 478.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 124,686,000 | $577.8Mbefore exit |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Add +3.0% | 311,387,000 | $315.6M |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | Add +3.2% | 117,098,000 | $288.0M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Add +104.9% | 224,060,000 | $251.3M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Add +55.8% | 131,901,000 | $128.5M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -19.3% | 114,225,000 | $121.2M |
| TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *) | DEB 4.000%12/1 · principal | Add +1.6% | 115,877,000 | $118.1M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Add +5.8% | 101,000,000 | $100.7M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +35.5% | 75,421,740 | $84.4M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -17.7% | 55,704,000 | $53.3M |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | Reduce -2.1% | 51,056,000 | $48.7M |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | Sold out | 23,397,000 | $48.4Mbefore exit |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | Reduce -6.5% | 42,913,000 | $40.8M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Reduce -6.9% | 40,236,000 | $38.7M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -3.3% | 43,603,000 | $37.0M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Sold out | 36,060,000 | $32.1Mbefore exit |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | New | 33,000,000 | $32.0M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Reduce -57.6% | 19,500,000 | $17.4M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 91,200 | $7.6M |
| EXEEZ Chesapeake Energy -CW26 | *W EXP 02/09/202 | Sold out | 71,435 | $6.4Mbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Sold out | 100,000 | $5.0Mbefore exit |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Sold out | 3,900,000 | $4.6Mbefore exit |
| LUNRW Intuitive Machines Inc.-CW | *W EXP 99/99/999 | Sold out | 310,776 | $2.5Mbefore exit |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | New | 427,684 | $1.7M |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | Add +64.2% | 947,109 | $1.3M |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Add +61.8% | 448,495 | $1.2M |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | New | 512,321 | $1.1M |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | New | 218,800 | $805K |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | New | 261,700 | $793K |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | Add +313.2% | 549,341 | $615K |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | New | 76,031 | $337K |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | New | 212,500 | $332K |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | Reduce -17.5% | 1,300,000 | $235K |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | New | 1,800,000 | $234K |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | Reduce -0.6% | 465,229 | $167K |
| PSQH.WS Colombier Acq Class A -CW28 | *W EXP 07/19/202 | Add +49.5% | 673,474 | $156K |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | New | 85,202 | $153K |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | Reduce -33.6% | 100,000 | $147K |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | Add +30.2% | 245,148 | $118K |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | New | 50,038 | $115K |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | Reduce -48.3% | 375,000 | $113K |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | New | 800,000 | $96K |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | Add +16.2% | 290,390 | $93K |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | New | 112,370 | $92K |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | New | 214,990 | $88K |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | New | 375,000 | $85K |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | Reduce -35.7% | 450,000 | $83K |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | New | 300,000 | $72K |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | New | 425,000 | $70K |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | New | 90,000 | $68K |
Showing the first 50 of 94.
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 |