Laurion Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Laurion Capital Management LP reported 224 stock positions worth $1.4 billion. Its top holding was Alphabet Class A (GOOGL) at 10.1% of the portfolio, followed by Bridgebio Pharma (BBIO, 7.6%) and Norfolk Southern (NSC, 7.2%). Compared with Q3 2025, it opened 166 new positions, sold out of 43, added to 22 and reduced 21. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale Bridgebio Pharma (BBIO, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001390202
- Portfolio Value
- $1.4B (Q4 2025)
- SEC Filing
- 0001390202-26-000006 ↗ filed Feb 17, 2026
Holdings Value
Holdings 224 stocks · $1.4B
| GOOGL Alphabet Inc. Class A | 10.10% | 456,343 | $142.8M | New |
| BBIO Bridgebio Pharma Inc. | 7.59% | 1,402,150 | $107.3M | Reduce -20.0% |
| NSC Norfolk Southern Corp. | 7.18% | 351,648 | $101.5M | Add +16.6% |
| GOOG Alphabet Inc. Class C | 6.97% | 314,000 | $98.5M | Add +9059.9% |
| AAPL Apple Inc. | 6.64% | 345,433 | $93.9M | New |
| EA Electronic Arts Inc. | 6.41% | 443,580 | $90.6M | Add +151.4% |
| NUVB Nuvation Bio Inc. | 4.98% | 7,852,638 | $70.4M | Reduce -19.1% |
| WBD Warner Bros Discovery Inc. | 4.95% | 2,427,610 | $70.0M | Add +1678.7% |
| MLYS Mineralys Therapeutics Inc. | 4.40% | 1,713,485 | $62.2M | Reduce -0.4% |
| EXAS Exact Sciences Corp. | 3.59% | 499,532 | $50.7M | New |
| NVDA Nvidia Corp. | 3.57% | 270,262 | $50.4M | New |
| MSFT Microsoft Corp. | 3.49% | 102,000 | $49.3M | Add +1894.1% |
| TSLA Tesla Inc. | 3.35% | 105,206 | $47.3M | New |
| DELL Dell Technologies -C | 1.53% | 171,456 | $21.6M | New |
| SOFI Sofi Technologies Inc. | 1.50% | 810,788 | $21.2M | Add +1521.6% |
| BBOT Bridgebio Oncology Therapeut | 1.30% | 1,464,938 | $18.3M | Add +40.1% |
| BA The Boeing Co. | 1.26% | 82,141 | $17.8M | Add +9.2% |
| AVGO Broadcom Inc. | 0.95% | 38,606 | $13.4M | New |
| PEPG Pepgen Inc. | 0.95% | 2,052,133 | $13.4M | Add +8.4% |
| AARD Aardvark Therapeutics Inc. | 0.94% | 1,014,911 | $13.3M | Reduce -3.3% |
| CME Cme Group Inc. | 0.94% | 48,604 | $13.3M | Reduce -0.2% |
| CLF Cleveland-Cliffs Inc. | 0.89% | 947,573 | $12.6M | New |
| COIN Coinbase Global Inc. Class A | 0.62% | 38,713 | $8.8M | New |
| CRDF Cardiff Oncology Inc. | 0.53% | 2,646,738 | $7.4M | Add +7.3% |
| FERG Ferguson Enterprises Inc. | 0.47% | 29,995 | $6.7M | No change |
| AUTL Autolus Therapeutics PLC | 0.47% | 3,316,626 | $6.6M | No change |
| LNG Cheniere Energy Inc. | 0.47% | 33,835 | $6.6M | Add +2.0% |
| TXN Texas Instruments Inc. | 0.43% | 35,011 | $6.1M | Reduce -76.0% |
| C Citigroup Inc. | 0.43% | 51,500 | $6.0M | Reduce -39.0% |
| SHOP Shopify Inc. Class A | 0.42% | 36,716 | $5.9M | New |
| PYXS Pyxis Oncology Inc. | 0.39% | 4,796,479 | $5.5M | Add +32.3% |
| COHR Coherent Corp. | 0.33% | 25,000 | $4.6M | New |
| VOR Vor Biopharma Inc. | 0.29% | 317,243 | $4.1M | New |
| PANW Palo Alto Networks Inc. | 0.29% | 22,078 | $4.1M | New |
| RKT Rocket Cos Inc. Class A | 0.28% | 207,165 | $4.0M | New |
| AMD Advanced Micro Devices | 0.19% | 12,704 | $2.7M | New |
| MDB Mongodb Inc. | 0.19% | 6,440 | $2.7M | New |
| LGN Legence Corp. Class A | 0.19% | 62,230 | $2.7M | Reduce -4.3% |
| LPLA LPL Financial Holdings Inc. | 0.18% | 7,000 | $2.5M | No change |
| FLUT Flutter Entertainment PLC-Di | 0.15% | 10,108 | $2.2M | No change |
| SNDK Sandisk Corp. | 0.15% | 8,919 | $2.1M | New |
| COLB Columbia Banking System Inc. | 0.15% | 75,210 | $2.1M | Add +0.7% |
| FCNCA First Citizens Bcshs Class A | 0.15% | 977 | $2.1M | No change |
| MRK Merck & Co. Inc. | 0.15% | 19,693 | $2.1M | New |
| IMUX Immunic Inc. | 0.15% | 3,882,162 | $2.1M | Add +106.3% |
| NOW ServiceNow Inc. | 0.13% | 12,300 | $1.9M | New |
| ABOS Acumen Pharmaceuticals Inc. | 0.13% | 867,046 | $1.8M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.12% | 19,000 | $1.7M | No change |
| NAVN Navan Inc. Class A | 0.12% | 100,000 | $1.7M | New |
| VEEV Veeva Systems Inc. Class A | 0.12% | 7,300 | $1.6M | No change |
| CSCO Cisco Systems Inc. | 0.11% | 20,904 | $1.6M | New |
| AWK American Water Works Co. Inc. | 0.11% | 12,000 | $1.6M | No change |
| RGLD Royal Gold Inc. | 0.11% | 7,000 | $1.6M | Add +17.8% |
| LMRI Lumexa Imaging Holdings Inc. | 0.10% | 80,000 | $1.5M | New |
| EBAY eBay Inc. | 0.10% | 16,700 | $1.5M | New |
| FSLR First Solar Inc. | 0.10% | 5,152 | $1.3M | New |
| ANF Abercrombie & Fitch Co. Class A | 0.09% | 9,950 | $1.3M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.08% | 25,327 | $1.2M | Reduce -36.7% |
| SPOT Spotify Technology SA | 0.08% | 2,000 | $1.2M | Reduce -86.7% |
| RDDT Reddit Inc. Class A | 0.08% | 5,000 | $1.1M | New |
| DBRG Digitalbridge Group Inc. | 0.08% | 72,755 | $1.1M | New |
| BX Blackstone Inc. | 0.08% | 7,228 | $1.1M | Reduce -81.1% |
| WMT Walmart Inc. | 0.08% | 10,000 | $1.1M | New |
| TTWO Take-Two Interactive Softwre | 0.08% | 4,218 | $1.1M | Reduce -24.0% |
| MXL Maxlinear Inc. | 0.07% | 60,596 | $1.1M | Add +506.0% |
| MCHP Microchip Technology Inc. | 0.07% | 16,000 | $1.0M | Reduce -52.2% |
| VERA Vera Therapeutics Inc. | 0.07% | 20,000 | $1.0M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.07% | 2,200 | $997K | New |
| HON Honeywell International Inc. | 0.07% | 5,100 | $995K | Reduce -91.2% |
| MAR Marriott International Class A | 0.07% | 3,200 | $993K | New |
| QCOM Qualcomm Inc. | 0.07% | 5,800 | $992K | New |
| ABNB Airbnb Inc. Class A | 0.07% | 7,300 | $991K | New |
| TER Teradyne Inc. | 0.07% | 5,100 | $987K | New |
| AMGN Amgen Inc. | 0.07% | 3,000 | $982K | New |
| ROP Roper Technologies Inc. | 0.07% | 2,200 | $979K | New |
| ADSK Autodesk Inc. | 0.07% | 3,300 | $977K | New |
| NXPI NXP Semiconductors NV | 0.07% | 4,500 | $977K | New |
| VRT Vertiv Holdings Co. Class A | 0.07% | 6,000 | $972K | New |
| AXON Axon Enterprise Inc. | 0.07% | 1,700 | $965K | New |
| MS Morgan Stanley | 0.07% | 5,254 | $933K | Reduce -77.5% |
| GFS Globalfoundries Inc. | 0.06% | 25,866 | $903K | New |
| MLKN Millerknoll Inc. | 0.06% | 48,881 | $894K | New |
| BIIB Biogen Inc. | 0.06% | 5,033 | $886K | New |
| JEF Jefferies Financial Group Inc. | 0.06% | 14,180 | $879K | Reduce -82.8% |
| UNF Unifirst Corp. | 0.06% | 4,533 | $874K | New |
| WERN Werner Enterprises Inc. | 0.06% | 28,926 | $868K | New |
| AMRZ Amrize Ltd. | 0.06% | 16,000 | $865K | New |
| URBN Urban Outfitters Inc. | 0.06% | 11,394 | $858K | New |
| CTRI Centuri Holdings Inc. | 0.06% | 33,700 | $851K | New |
| CWAN Clearwater Analytics HDS-A | 0.06% | 35,066 | $846K | New |
| TFIN Triumph Financial Inc. | 0.06% | 13,404 | $839K | New |
| EAT Brinker International Inc. | 0.06% | 5,822 | $836K | New |
| MGNI Magnite Inc. | 0.06% | 50,869 | $826K | New |
| ON On Semiconductor | 0.06% | 15,195 | $823K | New |
| CNX CNX Resources Corp. | 0.06% | 22,359 | $822K | New |
| BAM Brookfield Asset Mgmt-A | 0.06% | 15,500 | $812K | Add +3.3% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.06% | 5,457 | $810K | New |
| AIN Albany Intl Corp. Class A | 0.06% | 15,964 | $809K | New |
| CXW Corecivic Inc. | 0.06% | 42,127 | $805K | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.06% | 21,098 | $801K | New |
Options reported separately and not counted above: IWM puts ($369.2M), DELL puts ($81.8M), DELL calls ($81.8M), TXN puts ($42.7M), MCD calls ($39.8M), BMY calls ($37.8M), XOM puts ($32.3M), XOM calls ($32.3M), AAPL puts ($22.8M), GOOGL puts ($22.5M), CVNA puts ($20.2M), GS puts ($19.5M), and 64 more.
Other holdings (6): bonds, preferreds, convertibles and warrants · $52.6M (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 | $21.5M | No change |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 17,500,000 | $17.0M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 15,500,000 | $14.0M | No change |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 166,579 | $55K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 12,500 | $3K | No change |
| TBLAW Taboola.com Ltd. -CW27 | *W EXP 99/99/999 | 85,000 | $3K | No change |
Total filed on the 13F, all lines: $1.5B.
Portfolio Sells Q3 2025 → Q4 2025
| BBIO Bridgebio Pharma Inc. | Reduce -20.0% | 7.59% | −5.82 |
| MLYS Mineralys Therapeutics Inc. | Reduce -0.4% | 4.40% | −5.21 |
| TXN Texas Instruments Inc. | Reduce -76.0% | 0.43% | −3.52 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −2.47 |
| BLK BlackRock Inc. | Sold out | 0.00% | −2.29 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −1.88 |
| HON Honeywell International Inc. | Reduce -91.2% | 0.07% | −1.72 |
| SPOT Spotify Technology SA | Reduce -86.7% | 0.08% | −1.46 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −1.43 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −1.37 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.35 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −1.35 |
| AARD Aardvark Therapeutics Inc. | Reduce -3.3% | 0.94% | −1.11 |
| CME Cme Group Inc. | Reduce -0.2% | 0.94% | −1.00 |
| KKR KKR & Co. Inc. | Reduce -99.8% | 0.00% | −0.99 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.95 |
| BX Blackstone Inc. | Reduce -81.1% | 0.08% | −0.88 |
| C Citigroup Inc. | Reduce -39.0% | 0.43% | −0.84 |
| JEF Jefferies Financial Group Inc. | Reduce -82.8% | 0.06% | −0.73 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.72 |
| CRH CRH PLC | Sold out | 0.00% | −0.68 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.53 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −0.50 |
| MS Morgan Stanley | Reduce -77.5% | 0.07% | −0.48 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.47 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.44 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.44 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.44 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.37 |
| CEG Constellation Energy | Sold out | 0.00% | −0.36 |
| NUVB Nuvation Bio Inc. | Reduce -19.1% | 4.98% | −0.31 |
| AMAT Applied Materials Inc. | Reduce -80.2% | 0.04% | −0.31 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.29 |
| MCHP Microchip Technology Inc. | Reduce -52.2% | 0.07% | −0.24 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.24 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.24 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.23 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.20 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.19 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.17 |
| ONON On Holding AG Class A | Reduce -36.7% | 0.08% | −0.17 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.15 |
| TTWO Take-Two Interactive Softwre | Reduce -24.0% | 0.08% | −0.13 |
| MO Altria Group Inc. | Reduce -64.7% | 0.02% | −0.12 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.12 |
| LGN Legence Corp. Class A | Reduce -4.3% | 0.19% | −0.11 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.08 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.06 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.06 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | New | 10.10% | +10.10 |
| GOOG Alphabet Inc. Class C | Add +9059.9% | 6.97% | +6.85 |
| AAPL Apple Inc. | New | 6.64% | +6.64 |
| WBD Warner Bros Discovery Inc. | Add +1678.7% | 4.95% | +4.56 |
| EXAS Exact Sciences Corp. | New | 3.59% | +3.59 |
| NVDA Nvidia Corp. | New | 3.57% | +3.57 |
| TSLA Tesla Inc. | New | 3.35% | +3.35 |
| MSFT Microsoft Corp. | Add +1894.1% | 3.49% | +3.10 |
| DELL Dell Technologies -C | New | 1.53% | +1.53 |
| SOFI Sofi Technologies Inc. | Add +1521.6% | 1.50% | +1.31 |
| EA Electronic Arts Inc. | Add +151.4% | 6.41% | +1.17 |
| AVGO Broadcom Inc. | New | 0.95% | +0.95 |
| CLF Cleveland-Cliffs Inc. | New | 0.89% | +0.89 |
| COIN Coinbase Global Inc. Class A | New | 0.62% | +0.62 |
| SHOP Shopify Inc. Class A | New | 0.42% | +0.42 |
| COHR Coherent Corp. | New | 0.33% | +0.33 |
| VOR Vor Biopharma Inc. | New | 0.29% | +0.29 |
| PANW Palo Alto Networks Inc. | New | 0.29% | +0.29 |
| RKT Rocket Cos Inc. Class A | New | 0.28% | +0.28 |
| AMD Advanced Micro Devices | New | 0.19% | +0.19 |
| MDB Mongodb Inc. | New | 0.19% | +0.19 |
| SNDK Sandisk Corp. | New | 0.15% | +0.15 |
| MRK Merck & Co. Inc. | New | 0.15% | +0.15 |
| NOW ServiceNow Inc. | New | 0.13% | +0.13 |
| NAVN Navan Inc. Class A | New | 0.12% | +0.12 |
| CSCO Cisco Systems Inc. | New | 0.11% | +0.11 |
| LMRI Lumexa Imaging Holdings Inc. | New | 0.10% | +0.10 |
| EBAY eBay Inc. | New | 0.10% | +0.10 |
| FSLR First Solar Inc. | New | 0.10% | +0.10 |
| ANF Abercrombie & Fitch Co. Class A | New | 0.09% | +0.09 |
| RDDT Reddit Inc. Class A | New | 0.08% | +0.08 |
| DBRG Digitalbridge Group Inc. | New | 0.08% | +0.08 |
| WMT Walmart Inc. | New | 0.08% | +0.08 |
| VERA Vera Therapeutics Inc. | New | 0.07% | +0.07 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.07% | +0.07 |
| MAR Marriott International Class A | New | 0.07% | +0.07 |
| QCOM Qualcomm Inc. | New | 0.07% | +0.07 |
| ABNB Airbnb Inc. Class A | New | 0.07% | +0.07 |
| TER Teradyne Inc. | New | 0.07% | +0.07 |
| AMGN Amgen Inc. | New | 0.07% | +0.07 |
| ROP Roper Technologies Inc. | New | 0.07% | +0.07 |
| ADSK Autodesk Inc. | New | 0.07% | +0.07 |
| NXPI NXP Semiconductors NV | New | 0.07% | +0.07 |
| VRT Vertiv Holdings Co. Class A | New | 0.07% | +0.07 |
| AXON Axon Enterprise Inc. | New | 0.07% | +0.07 |
| GFS Globalfoundries Inc. | New | 0.06% | +0.06 |
| MLKN Millerknoll Inc. | New | 0.06% | +0.06 |
| BIIB Biogen Inc. | New | 0.06% | +0.06 |
| UNF Unifirst Corp. | New | 0.06% | +0.06 |
| WERN Werner Enterprises Inc. | New | 0.06% | +0.06 |
Options Activity Q3 2025 → Q4 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Sold out | 9,250,000 | $751.0Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Add +50.0% | 1,500,000 | $369.2M |
| IWM iShares Russell 2000 ETF | call | Sold out | 1,100,000 | $266.2Mbefore exit |
| ABBV Abbvie Inc. | put | Sold out | 1,055,000 | $244.3Mbefore exit |
| BLK BlackRock Inc. | put | Sold out | 178,600 | $208.2Mbefore exit |
| IBM Intl Business Machines Corp. | call | Sold out | 534,000 | $150.7Mbefore exit |
| MSTR Strategy Inc. | call | Sold out | 455,500 | $146.8Mbefore exit |
| HON Honeywell International Inc. | call | Sold out | 500,000 | $105.3Mbefore exit |
| JPM JPMorgan Chase & Co. | call | Sold out | 319,300 | $100.7Mbefore exit |
| META Meta Platforms Inc. Class A | call | Sold out | 116,600 | $85.6Mbefore exit |
| DELL Dell Technologies -C | put | New | 650,000 | $81.8M |
| DELL Dell Technologies -C | call | Add +818.1% | 650,000 | $81.8M |
| META Meta Platforms Inc. Class A | put | Sold out | 107,100 | $78.7Mbefore exit |
| MRVL Marvell Technology Inc. | put | Sold out | 870,400 | $73.2Mbefore exit |
| JPM JPMorgan Chase & Co. | put | Sold out | 229,200 | $72.3Mbefore exit |
| AMZN Amazon.com Inc. | put | Sold out | 199,600 | $43.8Mbefore exit |
| TXN Texas Instruments Inc. | put | Reduce -49.9% | 246,400 | $42.7M |
| MCD McDonald's Corp. | call | New | 130,300 | $39.8M |
| BMY Bristol-Myers Squibb Co. | call | New | 700,000 | $37.8M |
| MRVL Marvell Technology Inc. | call | Sold out | 395,300 | $33.2Mbefore exit |
| XOM Exxon Mobil Corp. | put | New | 268,000 | $32.3M |
| XOM Exxon Mobil Corp. | call | New | 268,000 | $32.3M |
| SPOT Spotify Technology SA | put | Sold out | 43,600 | $30.4Mbefore exit |
| MA Mastercard Inc. Class A | call | Sold out | 48,500 | $27.6Mbefore exit |
| AAPL Apple Inc. | put | Reduce -87.3% | 83,900 | $22.8M |
| GOOGL Alphabet Inc. Class A | put | Reduce -82.2% | 71,800 | $22.5M |
| WFC Wells Fargo & Co. | put | Sold out | 246,500 | $20.7Mbefore exit |
| CVNA Carvana Co. | put | Reduce -21.7% | 47,900 | $20.2M |
| SHOP Shopify Inc. Class A | call | Sold out | 134,900 | $20.0Mbefore exit |
| BKNG Booking Holdings Inc. | put | Sold out | 3,700 | $20.0Mbefore exit |
| GS Goldman Sachs Group Inc. | put | Reduce -85.8% | 22,200 | $19.5M |
| CAT Caterpillar Inc. | put | New | 33,100 | $19.0M |
| GOOGL Alphabet Inc. Class A | call | Reduce -88.1% | 60,500 | $18.9M |
| QCOM Qualcomm Inc. | call | Sold out | 107,700 | $17.9Mbefore exit |
| BAC Bank of America Corp. | put | Reduce -28.2% | 324,000 | $17.8M |
| MA Mastercard Inc. Class A | put | Sold out | 30,300 | $17.2Mbefore exit |
| KKR KKR & Co. Inc. | call | Sold out | 131,700 | $17.1Mbefore exit |
| C Citigroup Inc. | call | Sold out | 164,800 | $16.7Mbefore exit |
| C Citigroup Inc. | put | Reduce -56.8% | 143,200 | $16.7M |
| RDDT Reddit Inc. Class A | call | Sold out | 70,900 | $16.3Mbefore exit |
| LULU Lululemon Athletica Inc. | call | Sold out | 91,600 | $16.3Mbefore exit |
| SMCI Super Micro Computer Inc. | call | Sold out | 337,900 | $16.2Mbefore exit |
| FICO Fair Isaac Corp. | call | Sold out | 10,800 | $16.2Mbefore exit |
| AAPL Apple Inc. | call | Reduce -82.5% | 55,900 | $15.2M |
| CAT Caterpillar Inc. | call | New | 26,200 | $15.0M |
| MSTR Strategy Inc. | put | Sold out | 45,700 | $14.7Mbefore exit |
| SHOP Shopify Inc. Class A | put | Reduce -45.2% | 90,400 | $14.6M |
| RCL Royal Caribbean Cruises Ltd. | put | Sold out | 43,900 | $14.2Mbefore exit |
| BLK BlackRock Inc. | call | Sold out | 12,100 | $14.1Mbefore exit |
| MDB Mongodb Inc. | put | New | 32,100 | $13.5M |
Showing the first 50 of 149.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | Sold out | 16,666 | $285Kbefore exit |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Sold out | 10,000 | $183Kbefore 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 |