Laurion Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Laurion Capital Management LP reported 154 stock positions worth $1.3 billion. Its top holding was Hess (HES) at 14.3% of the portfolio, followed by Discover Financial Services (DFS, 13.0%) and Ansys (ANSS, 9.1%). Compared with Q4 2024, it opened 80 new positions, sold out of 68, added to 32 and reduced 25. The biggest buy was a new position in HCA Healthcare (HCA) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001390202
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001085146-25-003290 ↗ filed May 15, 2025
Holdings Value
Holdings 154 stocks · $1.3B
| HES Hess Corp. | 14.34% | 1,130,100 | $180.5M | Reduce -24.3% |
| DFS Discover Financial Services | 13.04% | 961,697 | $164.2M | No change |
| ANSS Ansys Inc. | 9.09% | 361,680 | $114.5M | Reduce -12.7% |
| BBIO Bridgebio Pharma Inc. | 8.18% | 2,978,167 | $103.0M | Reduce -20.4% |
| X United States Steel Corp. | 4.20% | 1,250,304 | $52.8M | Reduce -35.3% |
| HCA HCA Healthcare Inc. | 3.71% | 135,000 | $46.6M | New |
| BA The Boeing Co. | 3.00% | 221,776 | $37.8M | New |
| KR Kroger Co. | 2.93% | 545,185 | $36.9M | Add +26.8% |
| BP BP PLC-Spons ADR | 2.76% | 1,029,900 | $34.8M | Add +3.3% |
| MRVL Marvell Technology Inc. | 2.64% | 540,304 | $33.3M | Add +108613.1% |
| NEE Nextera Energy Inc. | 2.49% | 441,771 | $31.3M | Add +168.1% |
| MLYS Mineralys Therapeutics Inc. | 2.39% | 1,898,184 | $30.1M | Add +34.4% |
| JPM JPMorgan Chase & Co. | 1.65% | 84,666 | $20.8M | New |
| CSCO Cisco Systems Inc. | 1.58% | 322,539 | $19.9M | Add +1045.9% |
| AMD Advanced Micro Devices | 1.44% | 176,784 | $18.2M | Reduce -63.7% |
| GOOGL Alphabet Inc. Class A | 1.38% | 112,557 | $17.4M | New |
| NUVB Nuvation Bio Inc. | 1.38% | 9,871,077 | $17.4M | Add +52.1% |
| CME Cme Group Inc. | 0.95% | 45,004 | $11.9M | No change |
| DELL Dell Technologies -C | 0.94% | 129,801 | $11.8M | New |
| BLCO Bausch + Lomb Corp. | 0.86% | 743,941 | $10.8M | Reduce -28.0% |
| ADBE Adobe Inc. | 0.81% | 26,670 | $10.2M | Add +2873.2% |
| GS Goldman Sachs Group Inc. | 0.70% | 16,242 | $8.9M | New |
| RXRX Recursion Pharmaceuticals-A | 0.65% | 1,547,407 | $8.2M | Reduce -37.0% |
| LULU Lululemon Athletica Inc. | 0.63% | 27,982 | $7.9M | New |
| LNG Cheniere Energy Inc. | 0.59% | 31,835 | $7.4M | Reduce -0.9% |
| BLK BlackRock Inc. | 0.58% | 7,663 | $7.3M | Add +2617.4% |
| LPLA LPL Financial Holdings Inc. | 0.56% | 21,387 | $7.0M | Add +140.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.56% | 42,142 | $7.0M | Add +122.7% |
| NOW ServiceNow Inc. | 0.51% | 8,141 | $6.5M | Add +85.7% |
| XOM Exxon Mobil Corp. | 0.51% | 53,990 | $6.4M | Add +2165.6% |
| ABEO Abeona Therapeutics Inc. | 0.49% | 1,306,589 | $6.2M | No change |
| AARD Aardvark Therapeutics Inc. | 0.48% | 808,243 | $6.1M | New |
| BHC Bausch Health Cos Inc. | 0.46% | 903,901 | $5.8M | Reduce -67.0% |
| MDB Mongodb Inc. | 0.43% | 30,615 | $5.4M | New |
| AUTL Autolus Therapeutics PLC | 0.41% | 3,369,248 | $5.2M | Add +5.6% |
| CMPS Compass Pathways PLC | 0.40% | 1,764,906 | $5.0M | Add +301.7% |
| ISRG Intuitive Surgical Inc. | 0.40% | 10,147 | $5.0M | New |
| PFE Pfizer Inc. | 0.40% | 196,886 | $5.0M | New |
| AMAT Applied Materials Inc. | 0.39% | 34,005 | $4.9M | New |
| USB US Bancorp | 0.39% | 116,849 | $4.9M | New |
| MA Mastercard Inc. Class A | 0.38% | 8,800 | $4.8M | Add +1310.3% |
| BX Blackstone Inc. | 0.38% | 34,043 | $4.8M | Reduce -54.9% |
| FERG Ferguson Enterprises Inc. | 0.34% | 26,995 | $4.3M | No change |
| CPAY Corpay Inc. | 0.32% | 11,706 | $4.1M | New |
| MS Morgan Stanley | 0.31% | 33,893 | $4.0M | Reduce -13.8% |
| ADP Automatic Data Processing | 0.30% | 12,500 | $3.8M | New |
| FLUT Flutter Entertainment PLC-Di | 0.30% | 17,108 | $3.8M | No change |
| TLN Talen Energy Corp. | 0.30% | 18,810 | $3.8M | No change |
| PYXS Pyxis Oncology Inc. | 0.28% | 3,625,974 | $3.6M | No change |
| BBOT Bridgebio Oncology Therapeut filed as HELIX ACQUISITION CORP II | 0.27% | 300,000 | $3.4M | No change |
| META Meta Platforms Inc. Class A | 0.26% | 5,680 | $3.3M | New |
| GPN Global Payments Inc. | 0.25% | 31,800 | $3.1M | New |
| CRDF Cardiff Oncology Inc. | 0.23% | 916,214 | $2.9M | Add +58.8% |
| PYPL PayPal Holdings Inc. | 0.21% | 40,600 | $2.6M | Add +2437.5% |
| SHOP Shopify Inc. Class A | 0.21% | 27,500 | $2.6M | New |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.20% | 14,308 | $2.6M | New |
| JEF Jefferies Financial Group Inc. | 0.20% | 46,240 | $2.5M | Reduce -32.0% |
| LRCX Lam Research Corp. | 0.19% | 33,419 | $2.4M | Add +649.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 57,188 | $2.4M | Reduce -36.3% |
| CCL Carnival Corp. | 0.18% | 118,079 | $2.3M | New |
| MCD McDonald's Corp. | 0.17% | 6,924 | $2.2M | New |
| ETNB 89BIO Inc. | 0.17% | 292,467 | $2.1M | Reduce -62.5% |
| NFLX Netflix Inc. | 0.16% | 2,209 | $2.1M | Reduce -94.8% |
| FCNCA First Citizens Bcshs Class A | 0.15% | 1,033 | $1.9M | Add +4.8% |
| C Citigroup Inc. | 0.15% | 26,921 | $1.9M | Reduce -72.6% |
| ARES Ares Management Corp. Class A | 0.15% | 12,478 | $1.8M | Add +11.9% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.14% | 40,000 | $1.8M | Add +207.7% |
| VEEV Veeva Systems Inc. Class A | 0.14% | 7,500 | $1.7M | No change |
| GOSS Gossamer Bio Inc. | 0.14% | 1,551,428 | $1.7M | Add +4.3% |
| TRI Thomson Reuters Corp. | 0.13% | 9,828 | $1.7M | New |
| GM General Motors Co. | 0.13% | 35,694 | $1.7M | Add +1151.1% |
| GE General Electric filed as GE AEROSPACE | 0.12% | 7,556 | $1.5M | Add +483.0% |
| MRK Merck & Co. Inc. | 0.11% | 15,840 | $1.4M | Reduce -89.5% |
| GOOG Alphabet Inc. Class C | 0.11% | 9,096 | $1.4M | Add +127.4% |
| CRC California Resources Corp. | 0.10% | 29,540 | $1.3M | Add +311.3% |
| TPR Tapestry Inc. | 0.10% | 18,278 | $1.3M | New |
| HBAN Huntington Bancshares Inc. | 0.10% | 81,234 | $1.2M | New |
| RDN Radian Group Inc. | 0.09% | 34,450 | $1.1M | New |
| PEPG Pepgen Inc. | 0.09% | 810,761 | $1.1M | No change |
| EYPT Eyepoint Inc. | 0.09% | 210,006 | $1.1M | Add +2.1% |
| SLM SLM Corp. | 0.09% | 36,714 | $1.1M | New |
| RDDT Reddit Inc. Class A | 0.09% | 10,218 | $1.1M | Reduce -22.2% |
| MO Altria Group Inc. | 0.08% | 17,786 | $1.1M | Reduce -85.2% |
| BSX Boston Scientific Corp. | 0.08% | 10,528 | $1.1M | New |
| MGY Magnolia Oil & Gas Corp. Class A | 0.08% | 41,787 | $1.1M | New |
| AIG American International Group | 0.08% | 11,986 | $1.0M | New |
| ABOS Acumen Pharmaceuticals Inc. | 0.08% | 867,046 | $954K | No change |
| T AT&T Inc. | 0.08% | 33,657 | $952K | Add +178.8% |
| MTG Mgic Investment Corp. | 0.07% | 37,125 | $920K | New |
| WMT Walmart Inc. | 0.07% | 10,300 | $904K | Reduce -95.5% |
| LXEO Lexeo Therapeutics Inc. | 0.07% | 260,228 | $903K | No change |
| JXN Jackson Financial Inc. Class A | 0.07% | 10,055 | $842K | New |
| SN Sharkninja Inc. | 0.07% | 10,000 | $834K | No change |
| CTMX Cytomx Therapeutics Inc. | 0.07% | 1,293,686 | $823K | Add +3.6% |
| GRMN Garmin Ltd. | 0.06% | 3,682 | $799K | New |
| ZION Zions Bancorp NA | 0.06% | 15,242 | $760K | New |
| SNV Synovus Financial Corp. | 0.06% | 15,970 | $746K | New |
| BAM Brookfield Asset Mgmt-A | 0.06% | 15,000 | $727K | New |
| KEY Keycorp | 0.05% | 42,062 | $673K | New |
| COIN Coinbase Global Inc. Class A | 0.05% | 3,700 | $637K | Add +10.1% |
Options reported separately and not counted above: IWM puts ($532.5M), HYG puts ($220.9M), META calls ($128.3M), TSLA calls ($121.0M), TSLA puts ($106.9M), HYG calls ($78.9M), SHEL calls ($73.3M), JPM puts ($70.8M), AMD calls ($67.1M), JPM calls ($62.3M), AAPL calls ($56.8M), AMD puts ($54.8M), and 90 more.
Other holdings (8): bonds, preferreds, convertibles and warrants · $41.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 19,100,000 | $17.2M | No change |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 17,500,000 | $13.1M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 15,500,000 | $10.8M | No change |
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | 16,666 | $150K | No change |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 166,579 | $53K | No change |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 10,000 | $27K | No change |
| TBLAW Taboola.com Ltd. -CW27 | *W EXP 99/99/999 | 85,000 | $13K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 12,500 | $3K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −7.55 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −4.50 |
| AMD Advanced Micro Devices | Reduce -63.7% | 1.44% | −2.31 |
| NFLX Netflix Inc. | Reduce -94.8% | 0.16% | −2.27 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.86 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −1.33 |
| WMT Walmart Inc. | Reduce -95.5% | 0.07% | −1.25 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −1.23 |
| PEP Pepsico Inc. | Sold out | 0.00% | −1.10 |
| INTC Intel Corp. | Sold out | 0.00% | −1.05 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.98 |
| BHC Bausch Health Cos Inc. | Reduce -67.0% | 0.46% | −0.95 |
| MRK Merck & Co. Inc. | Reduce -89.5% | 0.11% | −0.85 |
| PM Philip Morris International | Sold out | 0.00% | −0.73 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.73 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.60 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.52 |
| XYZ Block Inc. | Reduce -97.7% | 0.01% | −0.51 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.48 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.47 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.47 |
| BX Blackstone Inc. | Reduce -54.9% | 0.38% | −0.45 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.42 |
| RXRX Recursion Pharmaceuticals-A | Reduce -37.0% | 0.65% | −0.41 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.39 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.38 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.34 |
| BLCO Bausch + Lomb Corp. | Reduce -28.0% | 0.86% | −0.34 |
| MO Altria Group Inc. | Reduce -85.2% | 0.08% | −0.32 |
| C Citigroup Inc. | Reduce -72.6% | 0.15% | −0.29 |
| CRH CRH PLC | Reduce -92.2% | 0.03% | −0.29 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.25 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.23 |
| ETNB 89BIO Inc. | Reduce -62.5% | 0.17% | −0.22 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.21 |
| STT State Street Corp. | Sold out | 0.00% | −0.19 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.18 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.16 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.16 |
| JEF Jefferies Financial Group Inc. | Reduce -32.0% | 0.20% | −0.14 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.12 |
| ACAD Acadia Pharmaceuticals Inc. | Sold out | 0.00% | −0.12 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.10 |
| REG Regency Centers Corp. | Sold out | 0.00% | −0.09 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.08 |
| IP International Paper Co. | Sold out | 0.00% | −0.07 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.07 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −0.07 |
| SLDB Solid Biosciences Inc. | Sold out | 0.00% | −0.07 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| HCA HCA Healthcare Inc. | New | 3.71% | +3.71 |
| BA The Boeing Co. | New | 3.00% | +3.00 |
| MRVL Marvell Technology Inc. | Add +108613.1% | 2.64% | +2.64 |
| NEE Nextera Energy Inc. | Add +168.1% | 2.49% | +1.73 |
| JPM JPMorgan Chase & Co. | New | 1.65% | +1.65 |
| CSCO Cisco Systems Inc. | Add +1045.9% | 1.58% | +1.47 |
| GOOGL Alphabet Inc. Class A | New | 1.38% | +1.38 |
| MLYS Mineralys Therapeutics Inc. | Add +34.4% | 2.39% | +1.28 |
| KR Kroger Co. | Add +26.8% | 2.93% | +1.25 |
| DELL Dell Technologies -C | New | 0.94% | +0.94 |
| BP BP PLC-Spons ADR | Add +3.3% | 2.76% | +0.88 |
| ADBE Adobe Inc. | Add +2873.2% | 0.81% | +0.79 |
| GS Goldman Sachs Group Inc. | New | 0.70% | +0.70 |
| LULU Lululemon Athletica Inc. | New | 0.63% | +0.63 |
| BLK BlackRock Inc. | Add +2617.4% | 0.58% | +0.56 |
| XOM Exxon Mobil Corp. | Add +2165.6% | 0.51% | +0.49 |
| AARD Aardvark Therapeutics Inc. | New | 0.48% | +0.48 |
| MDB Mongodb Inc. | New | 0.43% | +0.43 |
| ISRG Intuitive Surgical Inc. | New | 0.40% | +0.40 |
| PFE Pfizer Inc. | New | 0.40% | +0.40 |
| AMAT Applied Materials Inc. | New | 0.39% | +0.39 |
| USB US Bancorp | New | 0.39% | +0.39 |
| LPLA LPL Financial Holdings Inc. | Add +140.7% | 0.56% | +0.37 |
| MA Mastercard Inc. Class A | Add +1310.3% | 0.38% | +0.36 |
| CPAY Corpay Inc. | New | 0.32% | +0.32 |
| TSM Taiwan Semiconductor-SP ADR | Add +122.7% | 0.56% | +0.32 |
| ADP Automatic Data Processing | New | 0.30% | +0.30 |
| CMPS Compass Pathways PLC | Add +301.7% | 0.40% | +0.29 |
| NUVB Nuvation Bio Inc. | Add +52.1% | 1.38% | +0.28 |
| META Meta Platforms Inc. Class A | New | 0.26% | +0.26 |
| GPN Global Payments Inc. | New | 0.25% | +0.25 |
| NOW ServiceNow Inc. | Add +85.7% | 0.51% | +0.22 |
| SHOP Shopify Inc. Class A | New | 0.21% | +0.21 |
| MTB M & T Bank Corp. | New | 0.20% | +0.20 |
| PYPL PayPal Holdings Inc. | Add +2437.5% | 0.21% | +0.20 |
| CCL Carnival Corp. | New | 0.18% | +0.18 |
| LRCX Lam Research Corp. | Add +649.6% | 0.19% | +0.17 |
| MCD McDonald's Corp. | New | 0.17% | +0.17 |
| TRI Thomson Reuters Corp. | New | 0.13% | +0.13 |
| GM General Motors Co. | Add +1151.1% | 0.13% | +0.12 |
| GE General Electric | Add +483.0% | 0.12% | +0.11 |
| TPR Tapestry Inc. | New | 0.10% | +0.10 |
| HBAN Huntington Bancshares Inc. | New | 0.10% | +0.10 |
| ONON On Holding AG Class A | Add +207.7% | 0.14% | +0.09 |
| RDN Radian Group Inc. | New | 0.09% | +0.09 |
| SLM SLM Corp. | New | 0.09% | +0.09 |
| BSX Boston Scientific Corp. | New | 0.08% | +0.08 |
| MGY Magnolia Oil & Gas Corp. Class A | New | 0.08% | +0.08 |
| AIG American International Group | New | 0.08% | +0.08 |
| CRC California Resources Corp. | Add +311.3% | 0.10% | +0.08 |
Options Activity Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | put | New | 2,669,400 | $532.5M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -41.9% | 2,800,000 | $220.9M |
| NVDA Nvidia Corp. | call | Sold out | 1,133,300 | $152.2Mbefore exit |
| META Meta Platforms Inc. Class A | call | Reduce -71.8% | 222,600 | $128.3M |
| TSLA Tesla Inc. | call | Add +114.0% | 466,800 | $121.0M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 189,000 | $110.8Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 185,000 | $108.4Mbefore exit |
| TSLA Tesla Inc. | put | Add +881.7% | 412,300 | $106.9M |
| GEV GE Vernova Inc. | call | Sold out | 258,500 | $85.0Mbefore exit |
| MSFT Microsoft Corp. | put | Sold out | 195,900 | $82.6Mbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 195,900 | $82.6Mbefore exit |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Reduce -50.0% | 1,000,000 | $78.9M |
| SHEL Shell PLC-ADR | call | New | 1,000,000 | $73.3M |
| JPM JPMorgan Chase & Co. | put | Add +90.5% | 288,800 | $70.8M |
| BA The Boeing Co. | put | Sold out | 380,000 | $67.3Mbefore exit |
| AMD Advanced Micro Devices | call | Add +307.8% | 653,300 | $67.1M |
| JPM JPMorgan Chase & Co. | call | Add +90.6% | 253,900 | $62.3M |
| NFLX Netflix Inc. | put | Sold out | 65,000 | $57.9Mbefore exit |
| AAPL Apple Inc. | call | Reduce -39.1% | 255,800 | $56.8M |
| AMZN Amazon.com Inc. | put | Sold out | 258,300 | $56.7Mbefore exit |
| AMD Advanced Micro Devices | put | Add +133.0% | 533,700 | $54.8M |
| MRVL Marvell Technology Inc. | put | Add +2704.1% | 830,000 | $51.1M |
| ALL Allstate Corp. | call | New | 242,500 | $50.2M |
| NFLX Netflix Inc. | call | Sold out | 55,400 | $49.4Mbefore exit |
| CSCO Cisco Systems Inc. | put | Add +150.6% | 785,000 | $48.4M |
| PM Philip Morris International | call | New | 235,000 | $37.3M |
| AAPL Apple Inc. | put | Reduce -73.0% | 166,700 | $37.0M |
| TXN Texas Instruments Inc. | call | New | 200,000 | $35.9M |
| KO The Coca-Cola Co. | call | New | 500,000 | $35.8M |
| META Meta Platforms Inc. Class A | put | Reduce -74.3% | 56,700 | $32.7M |
| GEV GE Vernova Inc. | put | Sold out | 96,200 | $31.6Mbefore exit |
| GS Goldman Sachs Group Inc. | put | Add +21.1% | 57,400 | $31.4M |
| UNH Unitedhealth Group Inc. | call | New | 58,600 | $30.7M |
| GS Goldman Sachs Group Inc. | call | Reduce -31.4% | 55,400 | $30.3M |
| GOOGL Alphabet Inc. Class A | put | New | 181,800 | $28.1M |
| CRWD CrowdStrike Holdings Inc. Class A | put | Sold out | 80,800 | $27.6Mbefore exit |
| X United States Steel Corp. | call | Sold out | 775,900 | $26.4Mbefore exit |
| WFC Wells Fargo & Co. | call | Add +200.4% | 361,400 | $25.9M |
| CVX Chevron Corp. | call | Reduce -83.7% | 150,000 | $25.1M |
| BABA Alibaba Group Holding-SP ADR | call | New | 187,900 | $24.8M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +25.6% | 137,900 | $22.9M |
| ADBE Adobe Inc. | put | Add +8300.0% | 58,800 | $22.6M |
| MDT Medtronic PLC | call | New | 250,000 | $22.5M |
| DELL Dell Technologies -C | put | Add +423.9% | 238,900 | $21.8M |
| COST Costco Wholesale Corp. | put | Sold out | 23,500 | $21.5Mbefore exit |
| XOM Exxon Mobil Corp. | call | Sold out | 200,000 | $21.5Mbefore exit |
| CEG Constellation Energy | call | Sold out | 94,600 | $21.2Mbefore exit |
| UNH Unitedhealth Group Inc. | put | New | 40,400 | $21.2M |
| COP Conocophillips | call | New | 200,000 | $21.0M |
| TFC Truist Financial Corp. | call | New | 500,000 | $20.6M |
Showing the first 50 of 174.
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
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | Sold out | 25,000 | $762Kbefore exit |
| INNOVID CORP | *W EXP 11/30/202 | Sold out | 25,000 | $3Kbefore exit |
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 | 250 | $1.3B | SPY, NSC, EA, WBD, BBIO |
| Q1 2026 | 184 | $1.0B | EA, NSC, BBIO, WBD, MLYS |
| Q4 2025Amended | 224 | $1.4B | GOOGL, BBIO, NSC, GOOG, AAPL |
| Q3 2025 | 101 | $679.1M | BBIO, NSC, MLYS, NUVB, EA |
| Q2 2025 | 246 | $825.9M | HES, ANSS, BBIO, COF, MA |
| Q1 2025 | 154 | $1.3B | HES, DFS, ANSS, BBIO, X |
| Q4 2024 | 142 | $1.6B | HES, DFS, ANSS, SPY, BBIO |
| Q3 2024 | 168 | $1.5B | HES, ANSS, DFS, X, BBIO |
| Q2 2024 | 404 | $3.1B | HES, GM, X, ANSS, HUBS |
| Q1 2024 | 303 | $3.6B | BBIO, KVUE, GM, AAPL, CVS |