Jane Street Group, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Jane Street Group, LLC reported 5,701 stock positions worth $84.6 billion. Its top holding was Nvidia (NVDA) at 4.2% of the portfolio, followed by Tesla (TSLA, 2.4%) and Coreweave Class A (CRWV, 2.0%). Compared with Q2 2025, it opened 1,729 new positions, sold out of 1,154, added to 2,176 and reduced 1,793. The biggest buy was Nvidia (NVDA, shares +167%) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001595888
- Portfolio Value
- $84.6B (Q3 2025)
- SEC Filing
- 0001595888-25-000155 ↗ filed Nov 14, 2025
Holdings Value
Holdings 5,701 stocks · $84.6B
| NVDA Nvidia Corp. | 4.18% | 18,964,000 | $3.5B | Add +166.9% |
| TSLA Tesla Inc. | 2.38% | 4,534,205 | $2.0B | Add +1.8% |
| CRWV Coreweave Inc. Class A | 1.99% | 12,297,105 | $1.7B | Add +143.8% |
| GOOGL Alphabet Inc. Class A | 1.58% | 5,492,184 | $1.3B | Add +633.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.43% | 4,325,823 | $1.2B | Reduce -15.0% |
| AAPL Apple Inc. | 1.41% | 4,699,091 | $1.2B | Add +1629.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.38% | 1,756,728 | $1.2B | Add +82.4% |
| MU Micron Technology Inc. | 1.28% | 6,466,748 | $1.1B | Add +64.3% |
| TLT iShares 20+ Year Treasury BD | 1.23% | 11,654,444 | $1.0B | Add +50.1% |
| IBIT iShares Bitcoin Trust ETF | 1.01% | 13,210,574 | $858.7M | Reduce -44.9% |
| UNH Unitedhealth Group Inc. | 0.99% | 2,426,782 | $838.0M | Add +41.7% |
| AVGO Broadcom Inc. | 0.91% | 2,330,953 | $769.0M | Add +1330.3% |
| AMD Advanced Micro Devices | 0.89% | 4,633,884 | $749.7M | Reduce -6.8% |
| GOOG Alphabet Inc. Class C | 0.88% | 3,049,961 | $742.8M | Reduce -9.8% |
| PLTR Palantir Technologies Inc. Class A | 0.84% | 3,898,506 | $711.2M | Add +132.3% |
| ETHA iShares Ethereum Trust ETF | 0.81% | 21,759,216 | $685.6M | Add +218.2% |
| PDD PDD Holdings Inc. | 0.73% | 4,675,629 | $618.0M | Add +168.6% |
| AMZN Amazon.com Inc. | 0.70% | 2,693,541 | $591.4M | Add +50.8% |
| TMUS T-Mobile US Inc. | 0.65% | 2,300,956 | $550.8M | Reduce -49.3% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.65% | 11,710,138 | $549.6M | Add +40.2% |
| BABA Alibaba Group Holding-SP ADR | 0.64% | 3,036,847 | $542.8M | Add +124924.6% |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 0.63% | 15,326,850 | $534.0M | Reduce -20.4% |
| PANW Palo Alto Networks Inc. | 0.63% | 2,610,066 | $531.5M | Add +169384.8% |
| NFLX Netflix Inc. | 0.62% | 440,120 | $527.7M | Add +750.7% |
| META Meta Platforms Inc. Class A | 0.61% | 704,729 | $517.5M | Add +4.5% |
| SOFI Sofi Technologies Inc. | 0.57% | 18,277,497 | $482.9M | Add +61.0% |
| INTC Intel Corp. | 0.56% | 14,020,599 | $470.4M | Reduce -45.4% |
| MSFT Microsoft Corp. | 0.53% | 869,635 | $450.4M | Add +14943.0% |
| ORCL Oracle Corp. | 0.52% | 1,565,757 | $440.4M | Add +21.8% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.52% | 958,750 | $437.2M | Add +4094.7% |
| VXUS Vanguard Total Intl Stock | 0.49% | 5,618,953 | $412.8M | Add +1589.6% |
| CRM Salesforce Inc. | 0.47% | 1,694,734 | $401.7M | Add +281.8% |
| MRVL Marvell Technology Inc. | 0.47% | 4,732,521 | $397.9M | Add +58.4% |
| COST Costco Wholesale Corp. | 0.46% | 420,640 | $389.4M | Add +163.6% |
| GEV GE Vernova Inc. | 0.46% | 632,227 | $388.8M | Reduce -24.5% |
| CRH CRH PLC | 0.46% | 3,229,393 | $387.2M | Reduce -2.5% |
| HON Honeywell International Inc. | 0.43% | 1,741,498 | $366.6M | Add +790.1% |
| GLD SPDR Gold Shares | 0.43% | 1,024,403 | $364.1M | Reduce -28.8% |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | 0.42% | 16,662,858 | $351.8M | Add +465.6% |
| NEM Newmont Corp. | 0.41% | 4,146,941 | $349.6M | Add +152.8% |
| FXI iShares China Large-Cap ETF | 0.41% | 8,330,241 | $342.7M | Add +114405.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 675,816 | $339.8M | Add +20342.1% |
| JNJ Johnson & Johnson | 0.40% | 1,806,373 | $334.9M | Add +762.4% |
| FCX Freeport-McMoran Inc. | 0.38% | 8,160,304 | $320.0M | Add +175.7% |
| ARKB ARK 21SHARES Bitcoin ETF | 0.37% | 8,255,293 | $313.9M | Reduce -27.8% |
| FISV Fiserv Inc. | 0.37% | 2,417,097 | $311.6M | Add +70.0% |
| ISRG Intuitive Surgical Inc. | 0.36% | 682,668 | $305.3M | Add +4214.4% |
| LLY Eli Lilly & Co. | 0.36% | 397,072 | $303.0M | Add +512.5% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.35% | 2,680,658 | $298.8M | Add +4740.2% |
| KWEB Kranesh Csi China Internet | 0.35% | 7,093,080 | $298.0M | Add +98.6% |
| B Barrick Mining Corp. | 0.35% | 9,071,180 | $297.3M | Add +87.4% |
| BSX Boston Scientific Corp. | 0.34% | 2,978,286 | $290.8M | Add +811.7% |
| WMT Walmart Inc. | 0.34% | 2,806,226 | $289.2M | Reduce -27.3% |
| AMP Ameriprise Financial Inc. | 0.32% | 556,093 | $273.2M | Add +500.0% |
| GLW Corning Inc. | 0.31% | 3,160,133 | $259.2M | Add +1273.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.30% | 3,719,407 | $251.1M | New |
| VST Vistra Corp. | 0.29% | 1,241,823 | $243.3M | Reduce -16.7% |
| PGR Progressive Corp. | 0.28% | 971,285 | $239.9M | Add +25.3% |
| BE Bloom Energy Corp. Class A | 0.28% | 2,808,587 | $237.5M | Add +1098.6% |
| FBTC Fidelity Wise Origin Bitcoin | 0.28% | 2,359,679 | $235.5M | Reduce -45.1% |
| PEP Pepsico Inc. | 0.28% | 1,662,661 | $233.5M | New |
| C Citigroup Inc. | 0.27% | 2,290,627 | $232.5M | Add +239.3% |
| HPE Hewlett Packard Enterprise | 0.27% | 9,141,568 | $224.5M | Add +113.8% |
| ANET Arista Networks Inc. | 0.26% | 1,537,362 | $224.0M | Add +32.7% |
| CVX Chevron Corp. | 0.26% | 1,433,007 | $222.5M | Add +1365.0% |
| CSCO Cisco Systems Inc. | 0.25% | 3,036,950 | $207.8M | Add +1296.3% |
| OPEN Opendoor Technologies Inc. | 0.24% | 25,877,011 | $206.2M | Add +1184.0% |
| GDX Vaneck Gold Miners ETF | 0.24% | 2,673,799 | $204.3M | Add +463.3% |
| AWK American Water Works Co. Inc. | 0.24% | 1,459,663 | $203.2M | Add +3708.6% |
| DAL Delta Air Lines Inc. | 0.24% | 3,562,806 | $202.2M | Add +5972.1% |
| UBER Uber Technologies Inc. | 0.23% | 1,997,929 | $195.7M | Add +414.5% |
| LRCX Lam Research Corp. | 0.23% | 1,431,382 | $191.7M | Add +6167.0% |
| CAT Caterpillar Inc. | 0.22% | 389,730 | $186.0M | Reduce -7.8% |
| CLS Celestica Inc. | 0.22% | 752,189 | $185.3M | Add +122.0% |
| ORLY O'reilly Automotive Inc. | 0.22% | 1,710,291 | $184.4M | Add +562.7% |
| RIOT Riot Platforms Inc. | 0.21% | 9,552,616 | $181.8M | Add +496.4% |
| SCHW Schwab (charles) Corp. | 0.21% | 1,888,236 | $180.3M | Add +201.6% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 3,972,038 | $179.1M | Add +673.1% |
| QCOM Qualcomm Inc. | 0.21% | 1,066,971 | $177.5M | Add +69.3% |
| SPGI S&P Global Inc. | 0.21% | 364,318 | $177.3M | Add +1375.5% |
| U Unity Software Inc. | 0.21% | 4,354,178 | $174.3M | Add +153.9% |
| BMNR Bitmine Immersion Technologi | 0.20% | 3,250,699 | $168.8M | New |
| APLD Applied Digital Corp. | 0.20% | 7,198,999 | $165.1M | New |
| TGT Target Corp. | 0.19% | 1,834,990 | $164.6M | Add +305.4% |
| PFE Pfizer Inc. | 0.19% | 6,429,569 | $163.8M | Add +12.3% |
| JD Jd.com Inc.-ADR | 0.19% | 4,657,837 | $162.9M | Add +211.3% |
| LNG Cheniere Energy Inc. | 0.19% | 679,506 | $159.7M | Add +44.7% |
| MCHP Microchip Technology Inc. | 0.19% | 2,482,965 | $159.5M | New |
| JPM JPMorgan Chase & Co. | 0.19% | 497,514 | $156.9M | Add +1.4% |
| MDB Mongodb Inc. | 0.19% | 505,425 | $156.9M | Add +99.2% |
| NKE Nike Inc. Class B | 0.18% | 2,233,073 | $155.7M | Add +80.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.18% | 1,075,242 | $155.4M | Add +54.2% |
| CEG Constellation Energy | 0.18% | 471,635 | $155.2M | Reduce -12.0% |
| LULU Lululemon Athletica Inc. | 0.18% | 866,174 | $154.1M | Add +456.9% |
| VRT Vertiv Holdings Co. Class A | 0.18% | 1,014,487 | $153.0M | Reduce -35.9% |
| PYPL PayPal Holdings Inc. | 0.18% | 2,265,889 | $152.0M | Add +116.5% |
| TXN Texas Instruments Inc. | 0.18% | 816,707 | $150.1M | Add +178.4% |
| DJT Trump Media & Technology Gro | 0.18% | 9,106,782 | $149.5M | Reduce -34.1% |
| EFA iShares MSCI Eafe ETF | 0.17% | 1,576,359 | $147.2M | Reduce -65.7% |
| NIO Nio Inc. - ADR | 0.17% | 19,232,757 | $146.6M | Add +3778.1% |
Options reported separately and not counted above: SPY puts ($55.0B), SPY calls ($42.0B), NVDA puts ($27.6B), TSLA calls ($20.6B), TSLA puts ($19.8B), QQQ puts ($17.8B), NVDA calls ($16.6B), QQQ calls ($15.4B), IWM puts ($12.8B), GLD calls ($10.2B), IWM calls ($9.4B), AAPL calls ($9.4B), and 4762 more.
Other holdings (178): bonds, preferreds, convertibles and warrants · $1.0B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 418,338,000 | $769.2M | Add +2.6% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 136,500,000 | $146.4M | Add +17.0% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 81,898 | $22.3M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 78,283 | $5.4M | Reduce -57.1% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 3,323,000 | $3.6M | Add +1376.9% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 47,661 | $2.4M | Add +235.4% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 2,150,000 | $2.0M | New |
| SEMTECH CORP (SMTC 4 11/01/28) | NOTE 4.000%11/0 · principal | 550,000 | $1.9M | No change |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 1,580,000 | $1.9M | Reduce -50.4% |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 1,800,000 | $1.8M | Reduce -4.0% |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 1,471,000 | $1.8M | New |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 69,945 | $1.7M | Reduce -22.0% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 1,341,000 | $1.7M | Reduce -42.3% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 28,800 | $1.6M | Reduce -95.2% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 1,471,000 | $1.6M | Add +5.3% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 1,317,000 | $1.5M | Reduce -43.4% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 284,000 | $1.3M | Reduce -49.5% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 17,722 | $1.2M | Add +121.0% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 582,000 | $1.2M | Add +123.8% |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 750,000 | $1.1M | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 649,000 | $1.1M | Add +0.6% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 919,000 | $1.0M | Add +138.7% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 659,000 | $1.0M | New |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 53,848 | $986K | Add +86.3% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 400,000 | $960K | Reduce -3.9% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 550,000 | $912K | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 738,000 | $905K | Add +7.7% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 742,000 | $797K | Add +128.3% |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 128,857 | $783K | Reduce -0.2% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 724,000 | $781K | New |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 63,782 | $742K | Add +179.6% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 400,000 | $714K | Add +19.4% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 530,000 | $703K | Reduce -68.4% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 94,360 | $697K | Reduce -12.4% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 703,000 | $670K | Add +56.2% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 529,000 | $645K | Reduce -53.0% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 575,000 | $631K | Add +2.5% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 450,000 | $616K | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 425,000 | $603K | Reduce -15.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 600,000 | $578K | Reduce -17.2% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 375,000 | $569K | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 500,000 | $568K | New |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 525,000 | $561K | Add +31.3% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 425,000 | $553K | Add +7.0% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 475,000 | $548K | Reduce -92.9% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 398,000 | $537K | Add +109.5% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 478,000 | $534K | Reduce -91.5% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 500,000 | $532K | Reduce -81.1% |
| SOUNW Soundhound AI Inc. | *W EXP 04/26/202 | 69,954 | $503K | Reduce -1.4% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 450,000 | $498K | Reduce -19.1% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 500,000 | $471K | Add +100.0% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 465,000 | $457K | New |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 288,000 | $439K | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 424,000 | $431K | Reduce -77.7% |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 350,000 | $421K | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 418,000 | $407K | Add +464.9% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 177,000 | $395K | Add +254.0% |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 400,000 | $390K | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 357,000 | $379K | New |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 400,000 | $372K | No change |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 201,048 | $370K | Reduce 0.0% |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 221,128 | $369K | Reduce -0.2% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 350,000 | $368K | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 400,000 | $362K | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 300,000 | $354K | Add +140.0% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 125,000 | $354K | Reduce -16.7% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 350,000 | $349K | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 400,000 | $346K | New |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 255,000 | $332K | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 8,676 | $329K | Reduce -64.8% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 331,000 | $326K | Add +47.1% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 275,000 | $317K | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 301,000 | $313K | Reduce -77.7% |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 45,701 | $309K | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 6,077 | $302K | Add +2.3% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 5,086 | $300K | Reduce -94.0% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 300,000 | $295K | Add +33.3% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 228,000 | $293K | Reduce -60.4% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 185,000 | $283K | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 300,000 | $270K | New |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 2,625 | $265K | Reduce -75.1% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 275,000 | $255K | New |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 250,000 | $246K | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 150,000 | $224K | No change |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 2,280 | $220K | Reduce -0.0% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 225,000 | $216K | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 200,000 | $216K | Reduce -51.8% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 190,000 | $200K | Add +280.0% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 181,000 | $179K | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 106,000 | $174K | New |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 275,000 | $169K | Reduce -15.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 175,000 | $164K | New |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 130,000 | $130K | Reduce -84.7% |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 35,711 | $127K | Add +4.1% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 125,000 | $125K | No change |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 125,000 | $123K | New |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 118,000 | $117K | New |
| MITEK SYSTEMS INC (MITK 0.75 02/01/26) | NOTE 0.750% 2/0 · principal | 118,000 | $115K | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 259,909 | $112K | Reduce -1.5% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 108,000 | $106K | Reduce -68.3% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 67,000 | $105K | Add +34.0% |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | 88,000 | $96K | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 100,000 | $96K | New |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 92,000 | $93K | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 100,000 | $91K | Reduce -50.0% |
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | 56,256 | $85K | Reduce -0.0% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 1,000,000 | $85K | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 75,000 | $84K | New |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 50,000 | $70K | New |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 58,000 | $58K | New |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 53,388 | $58K | Reduce -4.0% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 50,000 | $52K | New |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 50,000 | $52K | No change |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 52,000 | $49K | No change |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 50,000 | $47K | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 13,000 | $41K | Reduce -96.7% |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 197,345 | $40K | No change |
| ARQQW Arqit Quantum Inc. -CW26 | *W EXP 09/03/202 | 39,829 | $37K | Add +66.2% |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 104,397 | $37K | No change |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 105,128 | $36K | Reduce -0.4% |
| BETRW Better Home & Finance-CW26 | *W EXP 08/22/202 | 59,062 | $35K | Add +0.1% |
| CLSKW Cleanspark Inc.-29 | *W EXP 12/29/202 | 68,160 | $33K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 44,935 | $32K | No change |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 60,250 | $30K | Add +8.4% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 28,000 | $26K | Reduce -98.5% |
| CDROW Codere Online Luxembou -CW | *W EXP 11/23/202 | 25,101 | $24K | Reduce 0.0% |
| ABVWF Above Food Ingredients- 29 | *W EXP 06/28/202 | 96,965 | $23K | No change |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 24,225 | $19K | Reduce -22.4% |
| EVGO INC | *W EXP 07/01/202 | 98,757 | $19K | Reduce -1.6% |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 99,958 | $15K | Reduce -1.0% |
| HUMAW Humacyte Inc.-CW27 | *W EXP 08/27/202 | 50,265 | $13K | Reduce -0.0% |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 158,252 | $12K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 41,180 | $11K | No change |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 10,000 | $9K | New |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 50,000 | $9K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 208,166 | $8K | No change |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 68,961 | $8K | Add +8.9% |
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | 400,502 | $7K | Reduce -0.1% |
| HOLLEY INC | *W EXP 11/30/202 | 66,226 | $7K | Reduce -0.4% |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 99,449 | $7K | Reduce -29.6% |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 94,326 | $6K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 66,411 | $5K | No change |
| QSIAW Quantum-Si Inc. -CW27 | *W EXP 06/10/202 | 17,137 | $5K | Add +3.7% |
| CCGWW Cheche Group Inc. - 28 | *W EXP 10/01/203 | 100,000 | $4K | No change |
| FFAIW Faraday Future -CW27 | *W EXP 07/21/202 | 87,015 | $4K | No change |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 62,500 | $4K | Reduce -0.1% |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 | 24,427 | $4K | Reduce -9.3% |
| LIDRW Aeye Inc. -CW27 | *W EXP 09/30/202 | 18,784 | $3K | Add +17.4% |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 70,579 | $3K | Reduce -4.1% |
| HOLOW Golden Path Acq -CW28 | *W EXP 01/31/202 | 21,980 | $3K | Add +7.0% |
| GDEV INC | *W EXP 99/99/999 | 125,012 | $3K | No change |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | 73,043 | $3K | Add +2.8% |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 74,910 | $3K | No change |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | 58,609 | $2K | Add +0.4% |
| LMND.WS Lemonade Inc.-28 | *W EXP 02/09/202 | 33,333 | $2K | No change |
| PRENW Prenetics Global Ltd. -CW26 | *W EXP 05/18/202 | 82,647 | $2K | No change |
| MSPRZ MSP Recovery -CW26 | *W EXP 05/23/202 | 83,473 | $2K | Add +0.5% |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 50,976 | $2K | No change |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 | 26,532 | $2K | Add +0.0% |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 25,000 | $2K | No change |
| BARK.WS Original Bark Co./the -CW25 | *W EXP 05/01/202 | 83,333 | $2K | No change |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 83,455 | $2K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 57,708 | $2K | No change |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | 116,000 | $1K | No change |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 16,564 | $1K | Reduce -25.6% |
| CRPWF Carbon Revolution PLC | *W EXP 99/99/999 | 54,223 | $1K | No change |
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | 20,654 | $1K | New |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 68,951 | $1K | No change |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 80,000 | $1K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 42,725 | $944 | Add +1.3% |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 25,000 | $668 | No change |
| SWVLW Pivotal Holdings Corp. -CW27 | *W EXP 99/99/999 | 44,825 | $610 | No change |
| REVBW Revelation Biosc -CW27 | *W EXP 01/10/202 | 50,000 | $580 | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 38,374 | $474 | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 20,000 | $292 | No change |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 21,593 | $233 | No change |
| MSPRW MSP Recovery Inc. -27 | *W EXP 05/20/202 | 11,800 | $21 | No change |
| OUSTW Ouster Inc.-28 | *W EXP 09/29/202 | 19,494 | $19 | No change |
Total filed on the 13F, all lines: $85.6B.
Portfolio Sells Q2 2025 → Q3 2025
| IBIT iShares Bitcoin Trust ETF | Reduce -44.9% | 1.01% | −1.39 |
| DELL Dell Technologies -C | Reduce -88.0% | 0.15% | −1.35 |
| TMUS T-Mobile US Inc. | Reduce -49.3% | 0.65% | −1.12 |
| RECS Columbia Resear Enh Cor ETF | Reduce -99.7% | 0.00% | −1.00 |
| NDAQ Nasdaq Inc. | Reduce -84.0% | 0.12% | −0.93 |
| EEM iShares MSCI Emerging Market | Reduce -85.8% | 0.10% | −0.78 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.72 |
| WFC Wells Fargo & Co. | Reduce -96.5% | 0.02% | −0.71 |
| SMH Vaneck Semiconductor ETF | Reduce -93.5% | 0.03% | −0.59 |
| EWG iShares MSCI Germany ETF | Sold out | 0.00% | −0.54 |
| IEMG iShares Core MSCI Emerging | Reduce -99.9% | 0.00% | −0.51 |
| COIN Coinbase Global Inc. Class A | Reduce -98.2% | 0.01% | −0.50 |
| EFA iShares MSCI Eafe ETF | Reduce -65.7% | 0.17% | −0.50 |
| NRG NRG Energy Inc. | Reduce -67.0% | 0.15% | −0.47 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.0% | 1.43% | −0.46 |
| GEHC GE Healthcare Technology | Reduce -99.7% | 0.00% | −0.41 |
| INTC Intel Corp. | Reduce -45.4% | 0.56% | −0.39 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -45.1% | 0.28% | −0.38 |
| MELI MercadoLibre Inc. | Reduce -74.2% | 0.08% | −0.38 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -75.9% | 0.09% | −0.38 |
| ADBE Adobe Inc. | Reduce -71.1% | 0.08% | −0.35 |
| VT Vanguard Tot World STK ETF | Reduce -98.7% | 0.00% | −0.31 |
| XLE SS Energy Select Sector | Reduce -82.4% | 0.05% | −0.31 |
| ARKB ARK 21SHARES Bitcoin ETF | Reduce -27.8% | 0.37% | −0.30 |
| GLD SPDR Gold Shares | Reduce -28.8% | 0.43% | −0.29 |
| VEA Vanguard Ftse Developed ETF | Reduce -85.3% | 0.04% | −0.28 |
| WMT Walmart Inc. | Reduce -27.3% | 0.34% | −0.28 |
| AMD Advanced Micro Devices | Reduce -6.8% | 0.89% | −0.27 |
| MCD McDonald's Corp. | Reduce -88.7% | 0.02% | −0.27 |
| GEV GE Vernova Inc. | Reduce -24.5% | 0.46% | −0.27 |
| APH Amphenol Corp. Class A | Reduce -83.8% | 0.04% | −0.25 |
| IWM iShares Russell 2000 ETF | Reduce -84.2% | 0.04% | −0.25 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −0.24 |
| MA Mastercard Inc. Class A | Reduce -65.3% | 0.08% | −0.24 |
| CI The Cigna Group | Reduce -57.1% | 0.09% | −0.23 |
| DJT Trump Media & Technology Gro | Reduce -34.1% | 0.18% | −0.23 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -64.0% | 0.09% | −0.21 |
| FSLR First Solar Inc. | Reduce -88.7% | 0.03% | −0.21 |
| SMCI Super Micro Computer Inc. | Reduce -66.7% | 0.06% | −0.20 |
| BAC Bank of America Corp. | Reduce -89.7% | 0.02% | −0.19 |
| TTD Trade Desk Inc./the Class A | Reduce -40.5% | 0.08% | −0.19 |
| CARR Carrier Global Corp. | Reduce -38.8% | 0.11% | −0.19 |
| APP AppLovin Corp. Class A | Reduce -95.7% | 0.01% | −0.19 |
| VST Vistra Corp. | Reduce -16.7% | 0.29% | −0.19 |
| EXE Expand Energy Corp. | Reduce -97.8% | 0.00% | −0.18 |
| XBI SS SPDR S&P Biotech ETF | Reduce -99.2% | 0.00% | −0.17 |
| ABNB Airbnb Inc. Class A | Reduce -69.6% | 0.04% | −0.17 |
| KRE SS SPDR S&P Regional Bank | Reduce -36.9% | 0.15% | −0.16 |
| CMF iShares California Muni Bond | Reduce -99.6% | 0.00% | −0.16 |
| NOW ServiceNow Inc. | Reduce -76.7% | 0.03% | −0.16 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +166.9% | 4.18% | +2.34 |
| GOOGL Alphabet Inc. Class A | Add +633.4% | 1.58% | +1.36 |
| AAPL Apple Inc. | Add +1629.8% | 1.41% | +1.32 |
| AVGO Broadcom Inc. | Add +1330.3% | 0.91% | +0.84 |
| CRWV Coreweave Inc. Class A | Add +143.8% | 1.99% | +0.64 |
| BABA Alibaba Group Holding-SP ADR | Add +124924.6% | 0.64% | +0.64 |
| PANW Palo Alto Networks Inc. | Add +169384.8% | 0.63% | +0.63 |
| ETHA iShares Ethereum Trust ETF | Add +218.2% | 0.81% | +0.60 |
| MSFT Microsoft Corp. | Add +14943.0% | 0.53% | +0.53 |
| NFLX Netflix Inc. | Add +750.7% | 0.62% | +0.51 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +4094.7% | 0.52% | +0.50 |
| MU Micron Technology Inc. | Add +64.3% | 1.28% | +0.48 |
| PLTR Palantir Technologies Inc. Class A | Add +132.3% | 0.84% | +0.47 |
| VXUS Vanguard Total Intl Stock | Add +1589.6% | 0.49% | +0.45 |
| IREN Iren Ltd. | Add +40.2% | 0.65% | +0.45 |
| PDD PDD Holdings Inc. | Add +168.6% | 0.73% | +0.43 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +82.4% | 1.38% | +0.41 |
| FXI iShares China Large-Cap ETF | Add +114405.0% | 0.41% | +0.40 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +20342.1% | 0.40% | +0.40 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | Add +465.6% | 0.42% | +0.36 |
| HON Honeywell International Inc. | Add +790.1% | 0.43% | +0.36 |
| ISRG Intuitive Surgical Inc. | Add +4214.4% | 0.36% | +0.35 |
| JNJ Johnson & Johnson | Add +762.4% | 0.40% | +0.34 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +4740.2% | 0.35% | +0.34 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.30% | +0.30 |
| GLW Corning Inc. | Add +1273.0% | 0.31% | +0.29 |
| BSX Boston Scientific Corp. | Add +811.7% | 0.34% | +0.29 |
| CRM Salesforce Inc. | Add +281.8% | 0.47% | +0.28 |
| PEP Pepsico Inc. | New | 0.28% | +0.28 |
| LLY Eli Lilly & Co. | Add +512.5% | 0.36% | +0.28 |
| BE Bloom Energy Corp. Class A | Add +1098.6% | 0.28% | +0.27 |
| NEM Newmont Corp. | Add +152.8% | 0.41% | +0.26 |
| OPEN Opendoor Technologies Inc. | Add +1184.0% | 0.24% | +0.24 |
| AMP Ameriprise Financial Inc. | Add +500.0% | 0.32% | +0.24 |
| CVX Chevron Corp. | Add +1365.0% | 0.26% | +0.24 |
| DAL Delta Air Lines Inc. | Add +5972.1% | 0.24% | +0.23 |
| SOFI Sofi Technologies Inc. | Add +61.0% | 0.57% | +0.23 |
| AWK American Water Works Co. Inc. | Add +3708.6% | 0.24% | +0.23 |
| LRCX Lam Research Corp. | Add +6167.0% | 0.23% | +0.22 |
| CSCO Cisco Systems Inc. | Add +1296.3% | 0.25% | +0.22 |
| COST Costco Wholesale Corp. | Add +163.6% | 0.46% | +0.20 |
| GDX Vaneck Gold Miners ETF | Add +463.3% | 0.24% | +0.20 |
| BMNR Bitmine Immersion Technologi | New | 0.20% | +0.20 |
| APLD Applied Digital Corp. | New | 0.20% | +0.20 |
| MCHP Microchip Technology Inc. | New | 0.19% | +0.19 |
| SPGI S&P Global Inc. | Add +1375.5% | 0.21% | +0.19 |
| B Barrick Mining Corp. | Add +87.4% | 0.35% | +0.19 |
| RIOT Riot Platforms Inc. | Add +496.4% | 0.21% | +0.19 |
| C Citigroup Inc. | Add +239.3% | 0.27% | +0.18 |
| ORLY O'reilly Automotive Inc. | Add +562.7% | 0.22% | +0.18 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +16.9% | 82,592,000 | $55.0B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +0.5% | 63,075,700 | $42.0B |
| NVDA Nvidia Corp. | put | Add +8.0% | 147,863,900 | $27.6B |
| TSLA Tesla Inc. | call | Add +43.6% | 46,391,600 | $20.6B |
| TSLA Tesla Inc. | put | Reduce -12.7% | 44,455,200 | $19.8B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +5.8% | 29,590,500 | $17.8B |
| NVDA Nvidia Corp. | call | Add +6.6% | 89,025,400 | $16.6B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -6.1% | 25,637,500 | $15.4B |
| IWM iShares Russell 2000 ETF | put | Add +11.6% | 53,064,500 | $12.8B |
| GLD SPDR Gold Shares | call | Add +62.5% | 28,644,400 | $10.2B |
| IWM iShares Russell 2000 ETF | call | Add +10.7% | 39,049,200 | $9.4B |
| AAPL Apple Inc. | call | Add +60.1% | 36,854,300 | $9.4B |
| META Meta Platforms Inc. Class A | call | Reduce -10.5% | 12,677,700 | $9.3B |
| META Meta Platforms Inc. Class A | put | Add +10.5% | 9,012,900 | $6.6B |
| GLD SPDR Gold Shares | put | Add +53.2% | 16,503,700 | $5.9B |
| MSTR Strategy Inc. | call | Add +45.7% | 16,622,200 | $5.4B |
| TSM Taiwan Semiconductor-SP ADR | put | Add +14.8% | 18,136,000 | $5.1B |
| MSFT Microsoft Corp. | call | Reduce -11.0% | 9,354,900 | $4.8B |
| AMZN Amazon.com Inc. | put | Reduce -4.7% | 21,846,000 | $4.8B |
| AMD Advanced Micro Devices | put | Add +70.4% | 29,366,100 | $4.8B |
| AVGO Broadcom Inc. | put | Add +43.6% | 14,236,000 | $4.7B |
| AAPL Apple Inc. | put | Reduce -9.3% | 16,730,400 | $4.3B |
| GOOGL Alphabet Inc. Class A | call | Add +50.2% | 15,007,500 | $3.6B |
| MSFT Microsoft Corp. | put | Add +1.7% | 6,790,900 | $3.5B |
| PLTR Palantir Technologies Inc. Class A | call | Add +28.7% | 18,244,900 | $3.3B |
| GOOGL Alphabet Inc. Class A | put | Reduce -12.0% | 13,213,200 | $3.2B |
| IBIT iShares Bitcoin Trust ETF | call | Add +196.2% | 49,155,400 | $3.2B |
| PLTR Palantir Technologies Inc. Class A | put | Add +26.8% | 16,685,100 | $3.0B |
| AMD Advanced Micro Devices | call | Add +38.4% | 17,723,000 | $2.9B |
| UNH Unitedhealth Group Inc. | call | Add +135.6% | 8,234,200 | $2.8B |
| ORCL Oracle Corp. | put | Add +125.3% | 10,017,800 | $2.8B |
| MU Micron Technology Inc. | put | Add +80.0% | 16,445,800 | $2.8B |
| MSTR Strategy Inc. | put | Reduce -18.6% | 8,401,000 | $2.7B |
| BABA Alibaba Group Holding-SP ADR | call | Add +26.8% | 15,133,800 | $2.7B |
| TSM Taiwan Semiconductor-SP ADR | call | Add +37.4% | 9,520,900 | $2.7B |
| AMZN Amazon.com Inc. | call | Reduce -12.9% | 12,096,700 | $2.7B |
| AVGO Broadcom Inc. | call | Add +2.8% | 7,925,000 | $2.6B |
| HOOD Robinhood Markets Inc. Class A | call | Add +19.4% | 17,704,900 | $2.5B |
| TLT iShares 20+ Year Treasury BD | call | Reduce -31.4% | 26,202,400 | $2.3B |
| COIN Coinbase Global Inc. Class A | call | Add +14.2% | 6,898,700 | $2.3B |
| APP AppLovin Corp. Class A | call | Add +62.3% | 3,107,900 | $2.2B |
| NFLX Netflix Inc. | call | Reduce -8.3% | 1,807,500 | $2.2B |
| SMH Vaneck Semiconductor ETF | put | Add +10.2% | 6,609,800 | $2.2B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Add +243.6% | 26,030,400 | $2.1B |
| GOOG Alphabet Inc. Class C | put | Add +19.7% | 8,544,500 | $2.1B |
| COIN Coinbase Global Inc. Class A | put | Add +6.3% | 6,024,900 | $2.0B |
| BABA Alibaba Group Holding-SP ADR | put | Add +32.9% | 11,206,400 | $2.0B |
| CRWV Coreweave Inc. Class A | call | Add +500.6% | 14,520,500 | $2.0B |
| NFLX Netflix Inc. | put | Add +6.6% | 1,504,900 | $1.8B |
| SLV iShares Silver Trust | call | Add +0.4% | 40,735,600 | $1.7B |
Showing the first 50 of 5,135.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +2.6% | 418,338,000 | $769.2M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +17.0% | 136,500,000 | $146.4M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Sold out | 372,985 | $43.0Mbefore exit |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | New | 81,898 | $22.3M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Sold out | 414,977 | $22.2Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 14,430,000 | $18.3Mbefore exit |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 16,312,000 | $15.9Mbefore exit |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 3,277,000 | $5.8Mbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -57.1% | 78,283 | $5.4M |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | Sold out | 9,100,000 | $5.2Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 17,675,000 | $4.5Mbefore exit |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +1376.9% | 3,323,000 | $3.6M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 2,750,000 | $2.8Mbefore exit |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | Sold out | 2,000,000 | $2.6Mbefore exit |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +235.4% | 47,661 | $2.4M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Sold out | 2,050,000 | $2.4Mbefore exit |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | New | 2,150,000 | $2.0M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Reduce -50.4% | 1,580,000 | $1.9M |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | Reduce -4.0% | 1,800,000 | $1.8M |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | New | 1,471,000 | $1.8M |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | Reduce -22.0% | 69,945 | $1.7M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -42.3% | 1,341,000 | $1.7M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Reduce -95.2% | 28,800 | $1.6M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Add +5.3% | 1,471,000 | $1.6M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Reduce -43.4% | 1,317,000 | $1.5M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Sold out | 1,200,000 | $1.3Mbefore exit |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -49.5% | 284,000 | $1.3M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +121.0% | 17,722 | $1.2M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Add +123.8% | 582,000 | $1.2M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Sold out | 19,819 | $1.2Mbefore exit |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Sold out | 295,000 | $1.2Mbefore exit |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 182,000 | $1.1Mbefore exit |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 942,000 | $1.1Mbefore exit |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Add +0.6% | 649,000 | $1.1M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +138.7% | 919,000 | $1.0M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | New | 659,000 | $1.0M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | Sold out | 730,000 | $1.0Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Sold out | 1,000,000 | $994Kbefore exit |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Add +86.3% | 53,848 | $986K |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | Reduce -3.9% | 400,000 | $960K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 776 | $941Kbefore exit |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Sold out | 845,000 | $936Kbefore exit |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | Sold out | 510,000 | $920Kbefore exit |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | New | 550,000 | $912K |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Add +7.7% | 738,000 | $905K |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Sold out | 767,000 | $864Kbefore exit |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Sold out | 210,000 | $857Kbefore exit |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | Add +128.3% | 742,000 | $797K |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | Reduce -0.2% | 128,857 | $783K |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | New | 724,000 | $781K |
Showing the first 50 of 188.
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 | 5,403 | $155.4B | SPY, AMZN, SNDK, NVDA, QQQ |
| Q1 2026 | 5,781 | $92.1B | SPY, AVGO, PLTR, SNDK, QQQ |
| Q4 2025 | 5,901 | $83.5B | SPY, META, NVDA, AVGO, SLV |
| Q3 2025 | 5,701 | $84.6B | NVDA, TSLA, CRWV, GOOGL, TSM |
| Q2 2025 | 5,125 | $61.0B | IBIT, TSLA, TSM, NVDA, TMUS |
| Q1 2025Amended | 5,302 | $55.1B | NVDA, AVGO, SPY, TSLA, SLV |
| Q4 2024 | 5,654 | $62.0B | SPY, COIN, META, TSLA, NVDA |
| Q3 2024 | 5,787 | $61.9B | NVDA, SPY, TSLA, EFA, TLT |
| Q2 2024 | 5,922 | $92.0B | AAPL, NVDA, AMZN, VWO, TSLA |
| Q1 2024 | 5,584 | $77.2B | QQQ, SPY, IEMG, TLT, SMH |