Laurion Capital Management LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Laurion Capital Management LP reported 246 stock positions worth $825.9 million. Its top holding was Hess (HES) at 16.1% of the portfolio, followed by Ansys (ANSS, 13.4%) and Bridgebio Pharma (BBIO, 12.6%). Compared with Q1 2025, it opened 181 new positions, sold out of 89, added to 21 and reduced 32. The biggest buy was a new position in Capital One Financial (COF) and the biggest sale an exit from Discover Financial Services (DFS).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001390202
Portfolio Value
$825.9M (Q2 2025)
SEC Filing
0001085146-25-005243 ↗ filed Aug 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $3.6B Q1 2024 Q2 2024: $3.1B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $825.9M $825.9M Q2 2025 Q3 2025: $679.1M Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 246 stocks · $825.9M
HES Hess Corp. 16.13% 961,486 $133.2M Reduce -14.9%
ANSS Ansys Inc. 13.39% 314,862 $110.6M Reduce -12.9%
BBIO Bridgebio Pharma Inc. 12.61% 2,411,248 $104.1M Reduce -19.0%
COF Capital One Financial Corp. 4.55% 176,638 $37.6M New
MA Mastercard Inc. Class A 2.94% 43,247 $24.3M Add +391.4%
MLYS Mineralys Therapeutics Inc. 2.89% 1,762,582 $23.8M Reduce -7.1%
TSLA Tesla Inc. 2.64% 68,520 $21.8M New
NUVB Nuvation Bio Inc. 2.42% 10,240,706 $20.0M Add +3.7%
CME Cme Group Inc. 1.67% 49,989 $13.8M Add +11.1%
AARD Aardvark Therapeutics Inc. 1.62% 989,068 $13.4M Add +22.4%
KTOS Kratos Defense & Security 1.41% 250,000 $11.6M New
CEG Constellation Energy 1.25% 31,876 $10.3M New
VST Vistra Corp. 1.24% 53,027 $10.3M New
PLTR Palantir Technologies Inc. Class A 1.23% 74,529 $10.2M New
NFLX Netflix Inc. 1.11% 6,817 $9.1M Add +208.6%
NRG NRG Energy Inc. 1.10% 56,446 $9.1M New
MELI MercadoLibre Inc. 1.04% 3,298 $8.6M New
LNG Cheniere Energy Inc. 1.03% 34,887 $8.5M Add +9.6%
AXON Axon Enterprise Inc. 1.01% 10,117 $8.4M New
HNGE Hinge Health Inc. Class A 0.94% 150,000 $7.8M New
UBER Uber Technologies Inc. 0.93% 82,186 $7.7M New
AUTL Autolus Therapeutics PLC 0.92% 3,316,626 $7.6M Reduce -1.6%
ABNB Airbnb Inc. Class A 0.90% 55,925 $7.4M New
FERG Ferguson Enterprises Inc. 0.83% 31,646 $6.9M Add +17.2%
BTSG Brightspring Health Services 0.78% 273,142 $6.4M New
CRDF Cardiff Oncology Inc. 0.69% 1,797,282 $5.7M Add +96.2%
APP AppLovin Corp. Class A 0.68% 16,037 $5.6M New
CVNA Carvana Co. 0.66% 16,262 $5.5M New
SBUX Starbucks Corp. 0.56% 50,474 $4.6M New
CRM Salesforce Inc. 0.53% 16,129 $4.4M New
BRO Brown & Brown Inc. 0.49% 36,654 $4.1M New
PYXS Pyxis Oncology Inc. 0.48% 3,625,974 $4.0M No change
HON Honeywell International Inc. 0.45% 15,836 $3.7M New
XLE SS Energy Select Sector 0.39% 38,398 $3.3M New
BBOT Bridgebio Oncology Therapeut filed as HELIX ACQUISITION CORP II 0.39% 300,000 $3.2M No change
VEEV Veeva Systems Inc. Class A 0.39% 11,073 $3.2M Add +47.6%
COP Conocophillips 0.37% 34,187 $3.1M New
GEV GE Vernova Inc. 0.36% 5,580 $3.0M New
CRH CRH PLC 0.35% 31,892 $2.9M Add +670.1%
JEF Jefferies Financial Group Inc. 0.33% 50,093 $2.7M Add +8.3%
FCNCA First Citizens Bcshs Class A 0.31% 1,294 $2.5M Add +25.3%
LPLA LPL Financial Holdings Inc. 0.30% 6,646 $2.5M Reduce -68.9%
UNP Union Pacific Corp. 0.30% 10,791 $2.5M New
AFL Aflac Inc. 0.30% 23,379 $2.5M New
APO Apollo Global Management Inc. 0.29% 16,922 $2.4M New
WFC Wells Fargo & Co. 0.29% 29,660 $2.4M New
ISRG Intuitive Surgical Inc. 0.27% 4,145 $2.3M Reduce -59.1%
MRK Merck & Co. Inc. 0.27% 27,909 $2.2M Add +76.2%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.26% 157,973 $2.2M New
KKR KKR & Co. Inc. 0.26% 16,084 $2.1M New
TRI Thomson Reuters Corp. 0.24% 9,828 $2.0M No change
QCOM Qualcomm Inc. 0.23% 11,954 $1.9M New
EBAY eBay Inc. 0.22% 24,604 $1.8M New
COIN Coinbase Global Inc. Class A 0.21% 4,914 $1.7M Add +32.8%
ARES Ares Management Corp. Class A 0.20% 9,568 $1.7M Reduce -23.3%
GOSS Gossamer Bio Inc. 0.20% 1,343,772 $1.7M Reduce -13.4%
KR Kroger Co. 0.20% 22,963 $1.6M Reduce -95.8%
ABEO Abeona Therapeutics Inc. 0.19% 275,915 $1.6M Reduce -78.9%
HOOD Robinhood Markets Inc. Class A 0.18% 16,320 $1.5M New
SFM Sprouts Farmers Market Inc. 0.18% 9,270 $1.5M New
CRS Carpenter Technology 0.18% 5,418 $1.5M New
WMB Williams Cos Inc. 0.18% 23,737 $1.5M Add +420.6%
FSLR First Solar Inc. 0.18% 8,999 $1.5M New
INSM Insmed Inc. 0.17% 14,347 $1.4M New
CB Chubb Ltd. 0.17% 4,918 $1.4M New
TMUS T-Mobile US Inc. 0.17% 5,961 $1.4M New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.17% 4,372 $1.4M New
PEP Pepsico Inc. 0.17% 10,576 $1.4M New
IMUX Immunic Inc. 0.16% 1,905,063 $1.3M Add +734.0%
CAT Caterpillar Inc. 0.16% 3,364 $1.3M New
PGR Progressive Corp. 0.16% 4,879 $1.3M New
V Visa Inc. Class A 0.16% 3,621 $1.3M New
ODFL Old Dominion Freight Line 0.15% 7,730 $1.3M New
COOP Mr Cooper Group Inc. 0.15% 8,258 $1.2M New
TOST Toast Inc. Class A 0.15% 27,464 $1.2M New
MLI Mueller Industries Inc. 0.14% 14,764 $1.2M Add +421.9%
SYK Stryker Corp. 0.14% 2,915 $1.2M New
OMC Omnicom Group 0.14% 15,994 $1.2M New
AMAT Applied Materials Inc. 0.14% 6,185 $1.1M Reduce -81.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.14% 9,066 $1.1M New
DASH DoorDash Inc. Class A 0.14% 4,528 $1.1M New
AIT Applied Industrial Tech Inc. 0.13% 4,592 $1.1M New
SSB Southstate Bank Corp. 0.13% 11,300 $1.0M New
LIN Linde PLC 0.13% 2,206 $1.0M New
UNH Unitedhealth Group Inc. 0.12% 3,264 $1.0M Add +177.8%
FTAI Ftai Aviation Ltd. 0.12% 8,811 $1.0M New
PG The Procter & Gamble Co. 0.12% 6,339 $1.0M New
ABOS Acumen Pharmaceuticals Inc. 0.12% 867,046 $1.0M No change
RDDT Reddit Inc. Class A 0.12% 6,676 $1.0M Reduce -34.7%
WM Waste Management Inc. 0.12% 4,319 $988K New
HLNE Hamilton Lane Inc. Class A 0.12% 6,836 $972K Add +127.9%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.12% 2,392 $967K New
T AT&T Inc. 0.12% 33,172 $960K Reduce -1.4%
SN Sharkninja Inc. 0.11% 9,373 $928K Reduce -6.3%
GD General Dynamics Corp. 0.11% 3,113 $908K New
PEPG Pepgen Inc. 0.11% 810,761 $900K No change
RKLB Rocket Lab Corp. 0.11% 24,273 $868K New
MO Altria Group Inc. 0.10% 14,626 $858K Reduce -17.8%
NBIS Nebius Group NV 0.10% 15,250 $844K New
NKE Nike Inc. Class B 0.10% 11,799 $838K New
PRMB Primo Brands Corp. 0.10% 27,465 $814K New
AMRZ Amrize Ltd. 0.10% 16,000 $793K New
RVMD Revolution Medicines Inc. 0.09% 19,747 $726K New
JNJ Johnson & Johnson 0.09% 4,670 $713K New
POST Post Holdings Inc. filed as POST HLDGS INC 0.08% 5,854 $638K Add +8.4%
HALO Halozyme Therapeutics Inc. 0.08% 12,267 $638K New
HCA HCA Healthcare Inc. 0.08% 1,650 $632K Reduce -98.8%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.07% 5,938 $609K New
ELV Elevance Health Inc. 0.07% 1,550 $603K New
AZO AutoZone Inc. 0.07% 160 $594K New
EXLS Exlservice Holdings Inc. 0.07% 13,533 $593K New
CSCO Cisco Systems Inc. 0.07% 8,516 $591K Reduce -97.4%
VRSK Verisk Analytics Inc. 0.07% 1,884 $587K New
AUR Aurora Innovation Inc. 0.07% 110,341 $578K Add +482.1%
URI United Rentals Inc. 0.07% 748 $564K New
CLX Clorox Company 0.07% 4,687 $563K New
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.07% 6,077 $559K New
TKO Tko Group Holdings Inc. 0.07% 3,066 $558K New
ULTA Ulta Beauty Inc. 0.07% 1,189 $556K New
MCD McDonald's Corp. 0.07% 1,890 $552K Reduce -72.7%
MTB M & T Bank Corp. filed as M & T BK CORP 0.07% 2,815 $546K Reduce -80.3%
CLW Clearwater Paper Corp. 0.07% 20,000 $545K No change
BRK.B Berkshire Hathaway Inc. Class B 0.07% 1,120 $544K New
AIG American International Group 0.06% 6,244 $534K Reduce -47.9%
DE Deere & Co. 0.06% 1,047 $532K New
MDLZ Mondelez International Inc. Class A 0.06% 7,881 $531K New
CBSH Commerce Bancshares Inc. 0.06% 8,412 $523K New
EXE Expand Energy Corp. 0.06% 4,374 $511K New
RJF Raymond James Financial Inc. 0.06% 3,268 $501K New
ALGN Align Technology Inc. 0.06% 2,615 $495K New
ADBE Adobe Inc. 0.06% 1,276 $494K Reduce -95.2%
FISV Fiserv Inc. 0.06% 2,796 $482K New
CRBG Corebridge Financial Inc. 0.06% 13,513 $480K New
TMO Thermo Fisher Scientific Inc. 0.06% 1,175 $476K New
IBKR Interactive Brokers Gro Class A 0.06% 8,559 $474K New
CDW CDW Corp. 0.06% 2,605 $465K New
ECL Ecolab Inc. 0.06% 1,704 $459K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 3,710 $458K New
CART Maplebear Inc. 0.05% 10,000 $452K No change
ONB Old National Bancorp 0.05% 19,860 $424K Reduce -9.7%
EQT Eqt Corp. 0.05% 7,246 $423K New
XPO Xpo Inc. 0.05% 3,337 $421K New
CARR Carrier Global Corp. 0.05% 5,736 $420K New
HAS Hasbro Inc. 0.05% 5,629 $416K New
WSM Williams-Sonoma Inc. 0.05% 2,518 $411K New
TER Teradyne Inc. 0.05% 4,538 $408K New
CRC California Resources Corp. 0.05% 8,825 $403K Reduce -70.1%
PYPL PayPal Holdings Inc. 0.05% 5,414 $402K Reduce -86.7%
DHR Danaher Corp. 0.05% 2,028 $401K New
WST West Pharmaceutical Services 0.05% 1,808 $396K New
ENTG Entegris Inc. 0.05% 4,825 $389K New
BALL Ball Corp. 0.05% 6,919 $388K New
POOL Pool Corp. 0.05% 1,320 $385K New
WBD Warner Bros Discovery Inc. 0.05% 33,013 $378K New
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.05% 12,000 $377K No change
LUV Southwest Airlines Co. 0.05% 11,610 $377K New
PINS Pinterest Inc. Class A 0.05% 10,483 $376K New
PM Philip Morris International 0.05% 2,057 $375K New
VMC Vulcan Materials Co. 0.04% 1,411 $368K New
KNSA Kiniksa Pharmaceuticals Inte 0.04% 13,170 $364K New
ACN Accenture PLC Class A 0.04% 1,208 $361K New
CORT Corcept Therapeutics Inc. 0.04% 4,827 $354K New
PTC PTC Inc. 0.04% 2,009 $346K New
ABT Abbott Laboratories 0.04% 2,545 $346K New
RS Reliance Inc. 0.04% 1,100 $345K Reduce -39.9%
LOW Lowe's Cos Inc. 0.04% 1,512 $335K New
UNM Unum Group 0.04% 4,145 $335K New
ALL Allstate Corp. 0.04% 1,641 $330K New
INMD Inmode Ltd. 0.04% 22,544 $326K New
PARAA Paramount Global Class B 0.04% 24,669 $318K Reduce -41.1%
CSX CSX Corp. 0.04% 9,685 $316K New
TWLO Twilio Inc. Class A 0.04% 2,508 $312K New
WYNN WYNN Resorts Ltd. 0.04% 3,290 $308K New
NEM Newmont Corp. 0.04% 5,283 $308K New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.04% 9,003 $304K New
IONQ Ionq Inc. 0.04% 7,017 $302K New
MORN Morningstar Inc. 0.04% 950 $298K New
HEI.A Heico Corp. Class A 0.03% 1,103 $285K New
DRS Leonardo DRS Inc. 0.03% 6,131 $285K New
AVY Avery Dennison Corp. 0.03% 1,564 $274K New
IQV Iqvia Holdings Inc. 0.03% 1,734 $273K New
LMT Lockheed Martin Corp. 0.03% 588 $272K New
ASTS Ast Spacemobile Inc. 0.03% 5,708 $267K New
EMR Emerson Electric Co. 0.03% 1,937 $258K New
EW Edwards Lifesciences Corp. 0.03% 3,186 $249K New
RLYB Rallybio Corp. 0.03% 735,543 $249K No change
TTWO Take-Two Interactive Softwre 0.03% 999 $243K Reduce -28.3%
VZ Verizon Communications Inc. 0.03% 5,572 $241K New
STNE Stoneco Ltd. Class A 0.03% 15,002 $241K New
COKE Coca-Cola Consolidated Inc. 0.03% 2,148 $240K New
DPZ Domino's Pizza Inc. 0.03% 531 $239K New
VIST Vista Energy Sab DE CV 0.03% 5,000 $239K No change
MDB Mongodb Inc. 0.03% 1,136 $239K Reduce -96.3%
SW Smurfit Westrock PLC 0.03% 5,507 $238K New
DHI D.R. Horton Inc. 0.03% 1,819 $235K New
FIVE Five Below 0.03% 1,778 $233K New
ELF Elf Beauty Inc. 0.03% 1,867 $232K New
EOG EOG Resources Inc. 0.03% 1,935 $231K New
VRSN Verisign Inc. 0.03% 796 $230K New
DVA Davita Inc. 0.03% 1,600 $228K New
MMM 3M Co. 0.03% 1,495 $228K New
GM General Motors Co. 0.03% 4,622 $227K Reduce -87.0%
TME Tencent Music Entertainm-ADR 0.03% 11,587 $226K New
OLED Universal Display Corp. 0.03% 1,462 $226K New
NWSA News Corp. Class A 0.03% 7,572 $225K New
MLM Martin Marietta Materials 0.03% 409 $225K New
TREX Trex Company Inc. 0.03% 4,106 $223K New
CVS CVS Health Corp. 0.03% 3,201 $221K New
BBY Best Buy Co. Inc. 0.03% 3,266 $219K New
LII Lennox International Inc. 0.03% 380 $218K New
SCCO Southern Copper Corp. 0.03% 2,133 $216K New
MZTI The Marzetti Company filed as LANCASTER COLONY CORP 0.03% 1,243 $215K New
STZ Constellation Brands Inc. Class A 0.03% 1,316 $214K New
FIS Fidelity National Info Serv 0.03% 2,629 $214K New
BIO Bio-Rad Laboratories-A 0.03% 886 $214K Reduce -10.1%
KO The Coca-Cola Co. 0.03% 3,008 $213K New
CL Colgate-Palmolive Co. 0.03% 2,335 $212K New
BMA Banco Macro SA-ADR 0.03% 3,000 $211K No change
TW Tradeweb Markets Inc. Class A 0.03% 1,430 $209K New
HPQ HP Inc. 0.03% 8,463 $207K New
RDN Radian Group Inc. 0.03% 5,733 $207K Reduce -83.4%
RIVN Rivian Automotive Inc. Class A 0.02% 14,982 $206K New
CI The Cigna Group 0.02% 615 $203K New
MQ Marqeta Inc. 0.02% 28,246 $165K New
CCO Clear Channel Outdoor Holdin 0.02% 139,208 $163K New
PATH Uipath Inc. Class A 0.02% 12,500 $160K New
DNOW Dnow Inc. 0.02% 10,000 $148K New
PRCH Porch Group Inc. 0.02% 12,327 $145K New
MXL Maxlinear Inc. 0.02% 10,000 $142K No change
OPEN Opendoor Technologies Inc. 0.01% 220,118 $117K New
OCGN Ocugen Inc. 0.01% 114,943 $112K New
URG Ur-Energy Inc. 0.01% 100,559 $106K New
CHPT Chargepoint Holdings Inc. 0.01% 139,074 $98K New
LUMN Lumen Technologies Inc. 0.01% 20,450 $90K New
EAF Graftech International Ltd. 0.01% 88,642 $86K New
MPT Medical Properties Trust Inc. 0.01% 19,074 $82K New
FIGS Figs Inc. Class A 0.01% 14,296 $81K New
PTEN Patterson-Uti Energy Inc. 0.01% 12,176 $72K New
GBTG Global Business Travel Group 0.01% 10,573 $67K New
SMRT Smartrent Inc. 0.01% 62,652 $62K New
LCTX Lineage Cell Therapeutics Inc. 0.01% 61,458 $56K New
LWLG Lightwave Logic Inc. 0.01% 42,056 $52K New
IAUX I-80 Gold Corp. 0.01% 82,573 $49K New
SES Ses AI Corp. 0.00% 45,537 $40K New
UP Wheels Up Experience Inc. 0.00% 35,519 $38K New
LESLIES INC 0.00% 63,598 $27K New

Options reported separately and not counted above: HYG puts ($282.7M), NVDA puts ($279.4M), NVDA calls ($245.6M), AMZN calls ($167.7M), IWM puts ($161.8M), HYG calls ($127.0M), ABBV calls ($126.4M), MSFT puts ($125.0M), META calls ($111.8M), JPM puts ($105.5M), META puts ($101.5M), MSFT calls ($101.3M), and 115 more.

Other holdings (8): bonds, preferreds, convertibles and warrants · $40.6M (not counted above)
SecurityClassShares / PrincipalValueChange
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 19,100,000$17.9MNo change
NIO INC (NIO 3.875 10/15/29) NOTE 3.875%10/1 · principal 17,500,000$12.6MNo change
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal 15,500,000$9.9MNo change
NAMSW Newamsterdam Pharma Co. NV-27 *W EXP 99/99/999 16,666$133KNo change
NUVB.WS Nuvation Bio Inc. -CW27 *W EXP 02/10/202 166,579$45KNo change
RGTIW Rigetti Computing -CW27 *W EXP 03/02/202 10,000$42KNo change
TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 85,000$18KNo change
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 12,500$4KNo change

Total filed on the 13F, all lines: $866.5M.

Portfolio Sells Q1 2025 → Q2 2025
DFS Discover Financial Services Sold out 0.00% −13.04
X United States Steel Corp. Sold out 0.00% −4.20
HCA HCA Healthcare Inc. Reduce -98.8% 0.08% −3.63
BA The Boeing Co. Sold out 0.00% −3.00
BP BP PLC-Spons ADR Sold out 0.00% −2.76
KR Kroger Co. Reduce -95.8% 0.20% −2.73
MRVL Marvell Technology Inc. Sold out 0.00% −2.64
NEE Nextera Energy Inc. Sold out 0.00% −2.49
JPM JPMorgan Chase & Co. Sold out 0.00% −1.65
CSCO Cisco Systems Inc. Reduce -97.4% 0.07% −1.51
AMD Advanced Micro Devices Sold out 0.00% −1.44
GOOGL Alphabet Inc. Class A Sold out 0.00% −1.38
DELL Dell Technologies -C Sold out 0.00% −0.94
BLCO Bausch + Lomb Corp. Sold out 0.00% −0.86
ADBE Adobe Inc. Reduce -95.2% 0.06% −0.75
GS Goldman Sachs Group Inc. Sold out 0.00% −0.70
RXRX Recursion Pharmaceuticals-A Sold out 0.00% −0.65
LULU Lululemon Athletica Inc. Sold out 0.00% −0.63
BLK BlackRock Inc. Sold out 0.00% −0.58
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.56
NOW ServiceNow Inc. Sold out 0.00% −0.51
XOM Exxon Mobil Corp. Sold out 0.00% −0.51
BHC Bausch Health Cos Inc. Sold out 0.00% −0.46
CMPS Compass Pathways PLC Sold out 0.00% −0.40
MDB Mongodb Inc. Reduce -96.3% 0.03% −0.40
PFE Pfizer Inc. Sold out 0.00% −0.40
USB US Bancorp Sold out 0.00% −0.39
BX Blackstone Inc. Sold out 0.00% −0.38
CPAY Corpay Inc. Sold out 0.00% −0.32
MS Morgan Stanley Sold out 0.00% −0.31
ABEO Abeona Therapeutics Inc. Reduce -78.9% 0.19% −0.30
ADP Automatic Data Processing Sold out 0.00% −0.30
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −0.30
TLN Talen Energy Corp. Sold out 0.00% −0.30
META Meta Platforms Inc. Class A Sold out 0.00% −0.26
AMAT Applied Materials Inc. Reduce -81.8% 0.14% −0.25
LPLA LPL Financial Holdings Inc. Reduce -68.9% 0.30% −0.25
GPN Global Payments Inc. Sold out 0.00% −0.25
SHOP Shopify Inc. Class A Sold out 0.00% −0.21
LRCX Lam Research Corp. Sold out 0.00% −0.19
BAC Bank of America Corp. Sold out 0.00% −0.19
CCL Carnival Corp. Sold out 0.00% −0.18
ETNB 89BIO Inc. Sold out 0.00% −0.17
PYPL PayPal Holdings Inc. Reduce -86.7% 0.05% −0.16
C Citigroup Inc. Sold out 0.00% −0.15
ONON On Holding AG Class A Sold out 0.00% −0.14
MTB M & T Bank Corp. Reduce -80.3% 0.07% −0.14
ISRG Intuitive Surgical Inc. Reduce -59.1% 0.27% −0.13
GE General Electric Sold out 0.00% −0.12
GOOG Alphabet Inc. Class C Sold out 0.00% −0.11

Portfolio Buys Q1 2025 → Q2 2025
COF Capital One Financial Corp. New 4.55% +4.55
TSLA Tesla Inc. New 2.64% +2.64
MA Mastercard Inc. Class A Add +391.4% 2.94% +2.56
KTOS Kratos Defense & Security New 1.41% +1.41
CEG Constellation Energy New 1.25% +1.25
VST Vistra Corp. New 1.24% +1.24
PLTR Palantir Technologies Inc. Class A New 1.23% +1.23
AARD Aardvark Therapeutics Inc. Add +22.4% 1.62% +1.14
NRG NRG Energy Inc. New 1.10% +1.10
MELI MercadoLibre Inc. New 1.04% +1.04
NUVB Nuvation Bio Inc. Add +3.7% 2.42% +1.04
AXON Axon Enterprise Inc. New 1.01% +1.01
NFLX Netflix Inc. Add +208.6% 1.11% +0.94
HNGE Hinge Health Inc. Class A New 0.94% +0.94
UBER Uber Technologies Inc. New 0.93% +0.93
ABNB Airbnb Inc. Class A New 0.90% +0.90
BTSG Brightspring Health Services New 0.78% +0.78
CME Cme Group Inc. Add +11.1% 1.67% +0.72
APP AppLovin Corp. Class A New 0.68% +0.68
CVNA Carvana Co. New 0.66% +0.66
SBUX Starbucks Corp. New 0.56% +0.56
CRM Salesforce Inc. New 0.53% +0.53
BRO Brown & Brown Inc. New 0.49% +0.49
FERG Ferguson Enterprises Inc. Add +17.2% 0.83% +0.49
CRDF Cardiff Oncology Inc. Add +96.2% 0.69% +0.46
HON Honeywell International Inc. New 0.45% +0.45
LNG Cheniere Energy Inc. Add +9.6% 1.03% +0.44
XLE SS Energy Select Sector New 0.39% +0.39
COP Conocophillips New 0.37% +0.37
GEV GE Vernova Inc. New 0.36% +0.36
CRH CRH PLC Add +670.1% 0.35% +0.33
UNP Union Pacific Corp. New 0.30% +0.30
AFL Aflac Inc. New 0.30% +0.30
APO Apollo Global Management Inc. New 0.29% +0.29
WFC Wells Fargo & Co. New 0.29% +0.29
NU Nu Holdings Ltd./Cayman Isl-A New 0.26% +0.26
KKR KKR & Co. Inc. New 0.26% +0.26
VEEV Veeva Systems Inc. Class A Add +47.6% 0.39% +0.25
QCOM Qualcomm Inc. New 0.23% +0.23
EBAY eBay Inc. New 0.22% +0.22
HOOD Robinhood Markets Inc. Class A New 0.18% +0.18
SFM Sprouts Farmers Market Inc. New 0.18% +0.18
CRS Carpenter Technology New 0.18% +0.18
FSLR First Solar Inc. New 0.18% +0.18
INSM Insmed Inc. New 0.17% +0.17
CB Chubb Ltd. New 0.17% +0.17
TMUS T-Mobile US Inc. New 0.17% +0.17
AJG Arthur J Gallagher & Co. New 0.17% +0.17
PEP Pepsico Inc. New 0.17% +0.17
WMB Williams Cos Inc. Add +420.6% 0.18% +0.16

Options Activity Q1 2025 → Q2 2025
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Add +25.2% 3,504,700 $282.7M
NVDA Nvidia Corp. put New 1,768,400 $279.4M
NVDA Nvidia Corp. call New 1,554,300 $245.6M
AMZN Amazon.com Inc. call Add +1554.5% 764,400 $167.7M
IWM iShares Russell 2000 ETF put Reduce -71.9% 750,000 $161.8M
HYG Ishr Ibx Usd Hiyld CB ETF-Ui call Add +57.5% 1,575,000 $127.0M
ABBV Abbvie Inc. call New 680,900 $126.4M
MSFT Microsoft Corp. put New 251,300 $125.0M
META Meta Platforms Inc. Class A call Reduce -31.9% 151,500 $111.8M
JPM JPMorgan Chase & Co. put Add +26.0% 363,800 $105.5M
META Meta Platforms Inc. Class A put Add +142.5% 137,500 $101.5M
MSFT Microsoft Corp. call New 203,600 $101.3M
GOOGL Alphabet Inc. Class A call Add +575.2% 534,100 $94.1M
PNC PNC Financial Services Group call New 500,000 $93.2M
AAPL Apple Inc. put Add +143.3% 405,500 $83.2M
SBUX Starbucks Corp. put New 889,400 $81.5M
LLY Eli Lilly & Co. call New 100,000 $78.0M
GOOGL Alphabet Inc. Class A put Add +141.8% 439,600 $77.5M
GS Goldman Sachs Group Inc. call Add +89.9% 105,200 $74.5M
SHEL Shell PLC-ADR call Sold out 1,000,000 $73.3Mbefore exit
MS Morgan Stanley call Add +298.7% 504,000 $71.0M
TSLA Tesla Inc. call Reduce -53.8% 215,700 $68.5M
CVX Chevron Corp. call Add +216.7% 475,000 $68.0M
GS Goldman Sachs Group Inc. put Add +64.5% 94,400 $66.8M
AAPL Apple Inc. call Add +27.3% 325,600 $66.8M
BAC Bank of America Corp. call New 1,334,100 $63.1M
MA Mastercard Inc. Class A put New 102,400 $57.5M
GOOG Alphabet Inc. Class C call Add +198.3% 318,000 $56.4M
MRVL Marvell Technology Inc. call Add +139900.0% 700,000 $54.2M
MCHP Microchip Technology Inc. call New 752,600 $53.0M
MRVL Marvell Technology Inc. put Sold out 830,000 $51.1Mbefore exit
JPM JPMorgan Chase & Co. call Reduce -31.2% 174,700 $50.6M
ALL Allstate Corp. call Sold out 242,500 $50.2Mbefore exit
TSLA Tesla Inc. put Reduce -62.1% 156,400 $49.7M
MS Morgan Stanley put Add +180.8% 351,300 $49.5M
AMZN Amazon.com Inc. put New 208,500 $45.7M
USB US Bancorp call New 1,000,000 $45.3M
SCHW Schwab (charles) Corp. call New 472,700 $43.1M
GOOG Alphabet Inc. Class C put Add +333.3% 222,700 $39.5M
BA The Boeing Co. call Add +187900.0% 188,000 $39.4M
PM Philip Morris International call Sold out 235,000 $37.3Mbefore exit
COP Conocophillips put New 400,000 $35.9M
CMCSA Comcast Corp. Class A call New 1,000,000 $35.7M
BA The Boeing Co. put New 166,100 $34.8M
MA Mastercard Inc. Class A call New 60,100 $33.8M
ORCL Oracle Corp. put Add +37400.0% 150,000 $32.8M
ORCL Oracle Corp. call Add +122.2% 150,000 $32.8M
MELI MercadoLibre Inc. put New 12,300 $32.1M
DASH DoorDash Inc. Class A put New 125,800 $31.0M
SPOT Spotify Technology SA call Add +110.6% 39,800 $30.5M

Showing the first 50 of 170.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 250$1.3BSPY, NSC, EA, WBD, BBIO
Q1 2026 184$1.0BEA, NSC, BBIO, WBD, MLYS
Q4 2025Amended 224$1.4BGOOGL, BBIO, NSC, GOOG, AAPL
Q3 2025 101$679.1MBBIO, NSC, MLYS, NUVB, EA
Q2 2025 246$825.9MHES, ANSS, BBIO, COF, MA
Q1 2025 154$1.3BHES, DFS, ANSS, BBIO, X
Q4 2024 142$1.6BHES, DFS, ANSS, SPY, BBIO
Q3 2024 168$1.5BHES, ANSS, DFS, X, BBIO
Q2 2024 404$3.1BHES, GM, X, ANSS, HUBS
Q1 2024 303$3.6BBBIO, KVUE, GM, AAPL, CVS