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

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 Q2 2025 Q3 2025: $679.1M Q3 2025 Q4 2025: $1.4B $1.4B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.3B Q2 2026

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
ASO Academy Sports & Outdoors Inc. 0.06% 16,026 $801K New
LBRT Liberty Energy Inc. 0.06% 43,279 $799K New
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP 0.06% 68,394 $798K New
OI O-I Glass Inc. 0.06% 54,046 $798K New
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.06% 20,710 $794K New
RXO Rxo Inc. 0.06% 62,448 $789K New
ALKT Alkami Technology Inc. 0.06% 34,188 $789K New
PRKS United Parks & Resorts Inc. 0.06% 21,681 $787K New
WS Worthington Steel Inc. 0.06% 22,615 $783K New
DY Dycom Industries Inc. 0.06% 2,314 $782K New
TOST Toast Inc. Class A 0.06% 21,956 $780K Add +2.3%
AMPL Amplitude Inc. Class A 0.05% 67,065 $777K New
SPSC SPS Commerce Inc. 0.05% 8,678 $773K New
TGLS Tecnoglass Holdings Inc. 0.05% 15,351 $772K New
JBTM JBT Marel Corp. 0.05% 5,126 $772K New
ASAN Asana Inc. Class A 0.05% 56,213 $771K New
RRR Red Rock Resorts Inc. Class A 0.05% 12,356 $765K New
SPNT Siriuspoint Ltd. 0.05% 34,919 $764K New
GEO The Geo Group Inc. 0.05% 47,195 $761K New
KNTK Kinetik Holdings Inc. 0.05% 21,043 $759K New
FBP First Bancorp Puerto Rico 0.05% 36,584 $758K New
EVER Everquote Inc. Class A 0.05% 28,056 $758K New
SNEX Stonex Group Inc. 0.05% 7,947 $756K New
BCC Boise Cascade Co. 0.05% 10,233 $753K New
AVPT Avepoint Inc. 0.05% 54,096 $751K New
KMT Kennametal Inc. 0.05% 26,407 $750K New
SPXC SPX Technologies Inc. 0.05% 3,744 $749K New
CLMT Calumet Inc. 0.05% 37,631 $748K New
SIGI Selective Insurance Group 0.05% 8,935 $748K New
TNET Trinet Group Inc. 0.05% 12,634 $747K New
TDS Telephone and Data Systems 0.05% 18,154 $744K New
LTH Life Time Group Holdings Inc. 0.05% 27,741 $737K New
AESI Atlas Energy Solutions Inc. 0.05% 78,081 $736K New
CHEF The Chefs' Warehouse Inc. 0.05% 11,765 $733K New
SLVM Sylvamo Corp. 0.05% 15,192 $731K New
PLMR Palomar Holdings Inc. 0.05% 5,428 $731K New
DFIN Donnelley Financial Solution 0.05% 15,631 $730K New
CRI Carter's Inc. 0.05% 22,418 $727K New
PEB Pebblebrook Hotel Trust 0.05% 63,451 $718K New
CRWV Coreweave Inc. Class A 0.05% 9,989 $715K Add +11.3%
CVLT Commvault Systems Inc. 0.05% 5,699 $714K New
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 0.05% 9,827 $709K New
KNF Knife River Corp. 0.05% 10,042 $706K New
SKWD Skyward Specialty Insurance 0.05% 13,818 $706K New
EVTC Evertec Inc. 0.05% 24,202 $704K New
WDFC WD-40 Co. 0.05% 3,572 $703K New
SM SM Energy Co. 0.05% 37,576 $703K New
CVBF CVB Financial Corp. 0.05% 37,694 $701K New
GPI Group 1 Automotive Inc. 0.05% 1,782 $701K New
IDT Idt Corp. Class B 0.05% 13,683 $701K New
SXT Sensient Technologies Corp. 0.05% 7,449 $700K New
CURB Curbline Properties Corp. 0.05% 30,107 $699K New
TMHC Taylor Morrison Home Corp. 0.05% 11,816 $696K New
NJR New Jersey Resources Corp. 0.05% 15,058 $694K New
THS Treehouse Foods Inc. 0.05% 29,418 $694K New
GLNG Golar LNG Ltd. 0.05% 18,622 $693K New
TRIP Tripadvisor Inc. 0.05% 47,533 $692K New
MTH Meritage Homes Corp. 0.05% 10,487 $690K New
MZTI The Marzetti Company 0.05% 4,194 $690K Add +237.4%
AFRM Affirm Holdings Inc. 0.05% 9,264 $690K New
SAH Sonic Automotive Inc. Class A 0.05% 11,119 $688K New
PAR Par Technology Corp. 0.05% 18,910 $686K New
ARLO Arlo Technologies Inc. 0.05% 49,023 $686K New
NOG Northern Oil and Gas Inc. 0.05% 31,899 $685K New
ATKR Atkore Inc. 0.05% 10,804 $683K New
MGEE Mge Energy Inc. 0.05% 8,694 $682K New
BOX Box Inc. Class A 0.05% 22,775 $681K New
AI C3.AI Inc. Class A 0.05% 50,522 $681K New
CDRE Cadre Holdings Inc. 0.05% 16,596 $678K New
ADNT Adient PLC 0.05% 35,350 $678K New
FIZZ National Beverage Corp. 0.05% 21,227 $677K New
MGY Magnolia Oil & Gas Corp. Class A 0.05% 30,845 $675K New
TPG TPG Inc. 0.05% 10,500 $670K Add +5.0%
WOR Worthington Enterprises Inc. 0.05% 12,936 $667K New
AGYS Agilysys Inc. 0.05% 5,566 $661K New
MIR Mirion Technologies Inc. 0.05% 28,188 $660K New
NE Noble Corp. PLC 0.05% 23,335 $659K New
ARR Armour Residential REIT Inc. 0.05% 37,235 $659K No change
QLYS Qualys Inc. 0.05% 4,926 $655K New
ITRI Itron Inc. 0.05% 7,046 $654K New
FLR Fluor Corp. 0.05% 16,501 $654K New
LGIH Lgi Homes Inc. 0.05% 14,998 $644K New
UTI Universal Technical Institut 0.05% 24,372 $637K New
VAL Valaris Ltd. 0.04% 12,483 $629K New
AGNT Agnt Inc. filed as EXP WORLD HLDGS INC 0.04% 65,849 $596K New
AMAT Applied Materials Inc. 0.04% 2,300 $591K Reduce -80.2%
SN Sharkninja Inc. 0.04% 5,000 $560K No change
HLIT Harmonic Inc. 0.04% 55,719 $551K New
CDW CDW Corp. 0.04% 4,003 $545K New
OVV Ovintiv Inc. 0.04% 13,908 $545K New
MPWR Monolithic Power Systems Inc. 0.04% 600 $544K New
CNK Cinemark Holdings Inc. 0.04% 23,398 $544K New
POST Post Holdings Inc. filed as POST HLDGS INC 0.04% 5,400 $535K No change
USB US Bancorp 0.04% 9,958 $531K New
VZ Verizon Communications Inc. 0.03% 11,431 $466K New
CBSH Commerce Bancshares Inc. 0.03% 8,832 $462K Add +5.0%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.03% 12,000 $434K No change
PLTR Palantir Technologies Inc. Class A 0.03% 2,345 $417K New
HLNE Hamilton Lane Inc. Class A 0.03% 3,000 $403K Reduce -6.0%
NOVT Novanta Inc. 0.03% 3,225 $384K New
SYF Synchrony Financial 0.03% 4,588 $383K New
TRUP Trupanion Inc. 0.03% 9,458 $353K New
FTV Fortive Corp. 0.02% 6,348 $350K New
CLW Clearwater Paper Corp. 0.02% 20,000 $348K No change
CRC California Resources Corp. 0.02% 7,304 $327K No change
UTHR United Therapeutics Corp. 0.02% 670 $326K New
XOM Exxon Mobil Corp. 0.02% 2,651 $319K New
PLRX Pliant Therapeutics Inc. 0.02% 257,400 $314K New
ACGL Arch Capital Group Ltd. 0.02% 3,138 $301K New
MO Altria Group Inc. 0.02% 5,171 $298K Reduce -64.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 2,565 $292K Reduce -40.5%
TKO Tko Group Holdings Inc. 0.02% 1,383 $289K New
DHR Danaher Corp. 0.02% 1,211 $277K New
IT Gartner Inc. 0.02% 1,084 $273K New
BMA Banco Macro SA-ADR 0.02% 3,000 $270K New
WST West Pharmaceutical Services 0.01% 772 $212K New
NDSN Nordson Corp. 0.01% 853 $205K New
CDE Coeur Mining Inc. 0.01% 10,631 $190K New
CRBP Corbus Pharmaceuticals Holdi 0.01% 18,600 $151K New
LULU Lululemon Athletica Inc. 0.01% 500 $104K New
RC Ready Capital Corp. 0.01% 36,345 $79K New
SITC Site Centers Corp. filed as SITE CTRS CORP 0.01% 10,927 $70K New
EU Encore Energy Corp. 0.00% 11,546 $29K New
KKR KKR & Co. Inc. 0.00% 109 $14K Reduce -99.8%

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)
SecurityClassShares / PrincipalValueChange
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 19,100,000$21.5MNo change
NIO INC (NIO 3.875 10/15/29) NOTE 3.875%10/1 · principal 17,500,000$17.0MNo change
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal 15,500,000$14.0MNo change
NUVB.WS Nuvation Bio Inc. -CW27 *W EXP 02/10/202 166,579$55KNo change
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 12,500$3KNo change
TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 85,000$3KNo 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

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