Levin Capital Strategies, L.P.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Levin Capital Strategies, L.P. reported 165 stock positions worth $941.8 million. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by JPMorgan Chase (JPM, 4.6%) and Bank of New York Mellon (BNY, 3.8%). Compared with Q4 2024, it opened 21 new positions, sold out of 51, added to 31 and reduced 80. The biggest buy was a new position in Discover Financial Services (DFS) and the biggest sale UBS Group AG-Reg (UBS, shares −55%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001354821
Portfolio Value
$941.8M (Q1 2025)
SEC Filing
0001354821-25-000004 ↗ filed May 9, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $985.8M Q1 2024 Q2 2024: $945.9M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $941.8M $941.8M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 165 stocks · $941.8M
MSFT Microsoft Corp. 5.48% 137,594 $51.7M Reduce -2.2%
JPM JPMorgan Chase & Co. 4.57% 175,525 $43.1M Reduce -2.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 3.80% 426,722 $35.8M Reduce -3.3%
JNJ Johnson & Johnson 3.67% 208,373 $34.6M Reduce -2.3%
OI O-I Glass Inc. 3.55% 2,915,106 $33.4M Add +6.0%
C Citigroup Inc. 3.48% 461,342 $32.8M Reduce -8.8%
CAT Caterpillar Inc. 2.78% 79,310 $26.2M Reduce -3.0%
AXS Axis Capital Holdings Ltd. 2.71% 255,057 $25.6M Reduce -4.5%
AMZN Amazon.com Inc. 2.46% 121,539 $23.1M Reduce -2.5%
PRMB Primo Brands Corp. 2.45% 650,474 $23.1M Reduce -42.4%
LNG Cheniere Energy Inc. 2.40% 97,746 $22.6M Reduce -7.0%
DFS Discover Financial Services 2.29% 126,512 $21.6M New
GOOGL Alphabet Inc. Class A 2.15% 131,141 $20.3M Reduce -1.1%
AAPL Apple Inc. 2.08% 88,218 $19.6M Add +0.5%
EXE Expand Energy Corp. 2.05% 173,648 $19.3M Reduce -41.1%
GOOG Alphabet Inc. Class C 2.04% 122,864 $19.2M Reduce -0.8%
KKR KKR & Co. Inc. 2.02% 164,455 $19.0M Reduce -0.3%
CCK Crown Holdings Inc. 1.92% 202,233 $18.1M Reduce -0.4%
GLNG Golar LNG Ltd. 1.81% 449,049 $17.1M Reduce -6.5%
PCG P G & E Corp. 1.73% 947,828 $16.3M Reduce -3.5%
KO The Coca-Cola Co. 1.72% 226,147 $16.2M Reduce -4.0%
MRSH Marsh & McLennan Cos 1.63% 62,872 $15.3M Reduce -3.6%
SPRY Ars Pharmaceuticals Inc. 1.56% 1,164,601 $14.7M Add +149.0%
UL Unilever PLC 1.46% 231,043 $13.8M Reduce -8.3%
GLD SPDR Gold Shares 1.39% 45,495 $13.1M Reduce -8.0%
VZ Verizon Communications Inc. 1.35% 281,318 $12.8M Reduce -7.5%
NTRS Northern Trust Corp. 1.35% 129,169 $12.7M Reduce -3.4%
UBS UBS Group AG-Reg 1.34% 412,616 $12.6M Reduce -55.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.30% 49,124 $12.2M Reduce -19.4%
WMT Walmart Inc. 1.29% 138,143 $12.1M Reduce -5.4%
BWXT BWX Technologies Inc. 1.17% 111,274 $11.0M Reduce -3.7%
HZO Marinemax Inc. 1.16% 508,287 $10.9M Add +42.3%
GM General Motors Co. 1.15% 230,367 $10.8M Reduce -39.6%
DE Deere & Co. 1.15% 23,005 $10.8M Reduce -3.2%
TECK Teck Resources Ltd.-CLS B 1.12% 288,668 $10.5M Reduce -18.5%
UNP Union Pacific Corp. 1.11% 44,094 $10.4M Reduce -25.2%
AIG American International Group 1.06% 114,898 $10.0M Reduce -2.7%
L Loews Corp. 1.05% 107,811 $9.9M Reduce -6.3%
VTI VG Morningstar TS MKT ETF-US 1.03% 35,411 $9.7M Reduce -8.2%
HES Hess Corp. 1.01% 59,296 $9.5M Reduce -40.6%
APO Apollo Global Management Inc. 0.96% 66,212 $9.1M Add +8.4%
CDZI Cadiz Inc. 0.95% 3,066,380 $9.0M Add +5.7%
BDX Becton Dickinson and Co. 0.95% 38,985 $8.9M Reduce -1.2%
FDX FedEx Corp. 0.89% 34,230 $8.3M Reduce -2.3%
AURA Aura Biosciences Inc. 0.85% 1,360,768 $8.0M Add +9.1%
DEO Diageo PLC-Sponsored ADR 0.66% 58,966 $6.2M Reduce -29.9%
BC Brunswick Corp. 0.60% 104,925 $5.7M Add +14.7%
GAM General American Investors 0.57% 107,324 $5.4M Add +2.4%
ETN Eaton Corp. PLC 0.52% 18,182 $4.9M Add +20.0%
CNX CNX Resources Corp. 0.52% 155,987 $4.9M No change
VIG Vanguard Dividend Apprec ETF 0.50% 24,038 $4.7M Add +0.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.45% 7,634 $4.3M Reduce -28.2%
XOM Exxon Mobil Corp. 0.43% 34,021 $4.0M Add +5.1%
QQQ Invesco QQQ Trust Series 1 0.38% 7,659 $3.6M No change
CNNE Cannae Holdings Inc. 0.37% 192,594 $3.5M Add +22.4%
CRC California Resources Corp. 0.36% 76,342 $3.4M Add +2.0%
SPH Suburban Propane Partners LP 0.35% 156,608 $3.3M Reduce -19.4%
PPLI People Inc. filed as IAC INC 0.35% 71,372 $3.3M Reduce -26.6%
HD Home Depot Inc. 0.35% 8,925 $3.3M Reduce -2.8%
BRK.B Berkshire Hathaway Inc. Class B 0.34% 6,094 $3.2M No change
KMB Kimberly-Clark Corp. 0.33% 21,705 $3.1M Add +23.6%
TMO Thermo Fisher Scientific Inc. 0.33% 6,187 $3.1M No change
MGM MGM Resorts International 0.29% 92,553 $2.7M Add +13.5%
TRV The Travelers Cos Inc. 0.26% 9,433 $2.5M Reduce -1.3%
PG The Procter & Gamble Co. 0.25% 13,961 $2.4M Add +75.4%
NVDA Nvidia Corp. 0.25% 21,410 $2.3M Add +10.3%
NEM Newmont Corp. 0.23% 44,901 $2.2M Add +75.7%
ALK Alaska Air Group Inc. 0.20% 38,520 $1.9M Add +600.4%
ALIT Alight Inc. Class A 0.19% 301,500 $1.8M New
APD Air Products & Chemicals Inc. 0.18% 5,707 $1.7M Reduce -3.9%
BP BP PLC-Spons ADR 0.18% 49,420 $1.7M New
VT Vanguard Tot World STK ETF 0.18% 14,345 $1.7M No change
UHS Universal Health Services-B 0.16% 8,200 $1.5M Reduce -0.1%
VOO Vanguard S&P 500 ETF 0.15% 2,820 $1.4M Add +25.2%
COST Costco Wholesale Corp. 0.15% 1,513 $1.4M Reduce -21.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 13,995 $1.4M Reduce -60.9%
AXP American Express Co. 0.14% 4,917 $1.3M Add +0.0%
BA The Boeing Co. 0.13% 7,315 $1.2M Reduce -52.3%
COF Capital One Financial Corp. 0.13% 6,749 $1.2M New
MUSA Murphy USA Inc. 0.13% 2,532 $1.2M No change
WAB Wabtec Corp. 0.10% 5,355 $971K Reduce -0.5%
ACTG Acacia Research Corp. 0.09% 275,000 $880K Add +49.5%
AES AES Corp. 0.09% 70,124 $871K Reduce -6.9%
RVTY Revvity Inc. 0.09% 8,200 $868K No change
BGC BGC Group Inc. Class A 0.09% 93,660 $859K Add +92.7%
VNO Vornado Realty Trust 0.09% 23,000 $851K No change
ORLY O'reilly Automotive Inc. 0.09% 580 $831K No change
FNF Fidelity National Financial 0.09% 12,715 $827K No change
MA Mastercard Inc. Class A 0.09% 1,500 $822K No change
TRC Tejon Ranch Co. 0.09% 51,562 $817K Reduce -27.0%
TSLA Tesla Inc. 0.08% 3,032 $786K Reduce -20.9%
NWSA News Corp. Class A 0.08% 28,849 $785K Reduce -36.4%
TBLA Taboola.com Ltd. 0.08% 258,118 $761K Reduce -67.3%
CVX Chevron Corp. 0.08% 4,280 $716K Add +16.0%
SMMT Summit Therapeutics Inc. 0.07% 36,176 $698K No change
META Meta Platforms Inc. Class A 0.07% 1,199 $691K Add +49.7%
CI The Cigna Group 0.07% 2,070 $681K Reduce -16.2%
XLP SS Consumer Staples Sel Sect 0.07% 8,000 $653K New
WSC Willscot Holdings Corp. 0.07% 23,220 $646K Add +164.8%
HON Honeywell International Inc. 0.07% 3,000 $635K Reduce -40.0%
CBRE CBRE Group Inc. Class A 0.07% 4,763 $623K No change
OWL Blue Owl Capital Inc. 0.06% 29,713 $595K New
HNRG Hallador Energy Co. 0.06% 48,404 $594K Add +72.0%
DRTS Alpha Tau Medical Ltd. 0.06% 222,514 $559K Reduce -29.3%
X United States Steel Corp. 0.06% 12,535 $530K Reduce -70.8%
PFE Pfizer Inc. 0.06% 20,616 $522K Reduce -28.5%
BLDR Builders Firstsource Inc. 0.05% 4,000 $500K New
XLF SS Financial Select Sector 0.05% 10,000 $498K No change
B Barrick Gold Corp. 0.05% 24,729 $481K No change
SBUX Starbucks Corp. 0.05% 4,880 $479K No change
PGR Progressive Corp. 0.05% 1,691 $479K New
FIS Fidelity National Info Serv 0.05% 6,000 $448K No change
GS Goldman Sachs Group Inc. 0.05% 800 $437K Reduce -20.0%
SPGI S&P Global Inc. 0.05% 851 $433K Reduce -10.5%
COP Conocophillips 0.04% 4,000 $420K No change
WHG Westwood Holdings Group Inc. 0.04% 25,508 $413K No change
ARMK Aramark 0.04% 11,800 $407K Reduce -46.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.04% 5,000 $394K New
NYT New York Times Co. Class A 0.04% 7,650 $379K Reduce -1.4%
EMR Emerson Electric Co. 0.04% 3,408 $374K Reduce -0.9%
MCD McDonald's Corp. 0.04% 1,195 $373K Reduce -45.9%
IONQ Ionq Inc. 0.04% 16,250 $359K Reduce -55.2%
DD Dupont DE Nemours Inc. 0.04% 4,720 $352K New
CNI Canadian Natl Railway Co. 0.04% 3,600 $351K No change
LOW Lowe's Cos Inc. 0.04% 1,500 $350K No change
MTN Vail Resorts Inc. 0.04% 2,131 $341K Reduce -23.6%
IP International Paper Co. 0.04% 6,262 $334K Reduce -13.8%
BG Bunge Global SA 0.04% 4,323 $330K Reduce -59.2%
BATRA Atlanta Braves Holdings in-A 0.03% 7,500 $329K New
ADV Advantage Solutions Inc. 0.03% 210,000 $317K Add +37.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 7,464 $312K No change
LIN Linde PLC 0.03% 661 $308K No change
WFC Wells Fargo & Co. 0.03% 4,100 $294K Reduce -4.7%
MUR Murphy Oil Corp. 0.03% 10,128 $288K No change
CENX Century Aluminum Company 0.03% 15,000 $278K New
NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP 0.03% 54,773 $272K Reduce -62.4%
HOOD Robinhood Markets Inc. Class A 0.03% 6,524 $272K New
SIRI Sirius XM Holdings Inc. 0.03% 11,715 $264K No change
LEN Lennar Corp. Class A 0.03% 2,250 $258K Add +50.0%
DGX Quest Diagnostics Inc. 0.03% 1,500 $254K Reduce -81.3%
MSGS Madison Square Garden Sports 0.03% 1,283 $250K Reduce -57.8%
MAR Marriott International Class A 0.02% 984 $234K No change
EYPT Eyepoint Inc. 0.02% 43,000 $233K Reduce -20.4%
ET Energy Transfer LP 0.02% 12,534 $233K Reduce -28.5%
GLW Corning Inc. 0.02% 5,035 $231K Reduce -45.5%
CR Crane Co. 0.02% 1,477 $226K No change
FWONK Liberty Media Corp. Class C 0.02% 2,405 $216K No change
AVB Avalonbay Communities Inc. 0.02% 1,000 $215K No change
PANW Palo Alto Networks Inc. 0.02% 1,250 $213K New
FG F&G Annuities & Life Inc. 0.02% 5,864 $211K New
LAMR Lamar Advertising Co. Class A 0.02% 1,851 $211K No change
BX Blackstone Inc. 0.02% 1,480 $207K No change
RGTI Rigetti Computing Inc. 0.02% 25,000 $198K New
PSFE Paysafe Ltd. 0.02% 12,000 $188K New
VSXY Victoria's Secret & Co. 0.02% 10,000 $186K New
GT Goodyear Tire & Rubber Co. 0.02% 19,500 $180K Reduce -31.6%
BFLY Butterfly Network Inc. 0.01% 60,000 $137K Reduce -29.4%
AQST Aquestive Therapeutics Inc. 0.01% 45,000 $131K Add +125.0%
EHI Western Asset Global High Inc. 0.01% 18,206 $120K No change
LYFT LYFT Inc. Class A 0.01% 10,000 $119K New
SGML Sigma Lithium Corp. 0.01% 10,000 $104K Reduce -76.2%
SMHI Seacor Marine Holdings Inc. 0.01% 17,000 $86K New
DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE 0.01% 30,000 $77K No change
PRME Prime Medicine Inc. 0.01% 35,000 $70K Reduce -53.3%
PGRE Paramount Group Inc. 0.01% 15,000 $65K New

Options reported separately and not counted above: COF calls ($1.3M), PLTR puts ($928K), TSLA puts ($648K), NKE puts ($476K), GLNG calls ($418K), LMND puts ($409K), EEM calls ($262K), WSC calls ($250K), CENX calls ($186K), HNRG calls ($61K), VSXY calls ($56K).

Portfolio Sells Q4 2024 → Q1 2025
UBS UBS Group AG-Reg Reduce -55.2% 1.34% −1.32
FCX Freeport-McMoran Inc. Sold out 0.00% −0.94
PRMB Primo Brands Corp. Reduce -42.4% 2.45% −0.87
GM General Motors Co. Reduce -39.6% 1.15% −0.79
EXE Expand Energy Corp. Reduce -41.1% 2.05% −0.75
FMX Fomento Economico Mex-SP ADR Sold out 0.00% −0.38
DEO Diageo PLC-Sponsored ADR Reduce -29.9% 0.66% −0.37
KKR KKR & Co. Inc. Reduce -0.3% 2.02% −0.31
HES Hess Corp. Reduce -40.6% 1.01% −0.26
TECK Teck Resources Ltd.-CLS B Reduce -18.5% 1.12% −0.25
GOOGL Alphabet Inc. Class A Reduce -1.1% 2.15% −0.24
DIS The Walt Disney Co. Reduce -60.9% 0.15% −0.23
GOOG Alphabet Inc. Class C Reduce -0.8% 2.04% −0.21
TBLA Taboola.com Ltd. Reduce -67.3% 0.08% −0.19
MSFT Microsoft Corp. Reduce -2.2% 5.48% −0.18
UNP Union Pacific Corp. Reduce -25.2% 1.11% −0.18
PCG P G & E Corp. Reduce -3.5% 1.73% −0.16
AMZN Amazon.com Inc. Reduce -2.5% 2.46% −0.16
SPY SS SPDR S&P 500 ETF Trust-US Reduce -28.2% 0.45% −0.14
GLNG Golar LNG Ltd. Reduce -6.5% 1.81% −0.13
BA The Boeing Co. Reduce -52.3% 0.13% −0.13
IONQ Ionq Inc. Reduce -55.2% 0.04% −0.11
CP Canadian Pacific Kansas City Sold out 0.00% −0.10
KHC The Kraft Heinz Co. Sold out 0.00% −0.10
VIK Viking Holdings Ltd. Sold out 0.00% −0.10
OSK Oshkosh Corp. Sold out 0.00% −0.09
DGX Quest Diagnostics Inc. Reduce -81.3% 0.03% −0.09
X United States Steel Corp. Reduce -70.8% 0.06% −0.08
TSLA Tesla Inc. Reduce -20.9% 0.08% −0.06
BWXT BWX Technologies Inc. Reduce -3.7% 1.17% −0.06
EVH Evolent Health Inc. Class A Sold out 0.00% −0.06
SUI Sun Communities Inc. Sold out 0.00% −0.06
FDX FedEx Corp. Reduce -2.3% 0.89% −0.06
RPD RAPID7 Inc. Sold out 0.00% −0.06
CAT Caterpillar Inc. Reduce -3.0% 2.78% −0.05
NSLR Neostellar Capital Corp. Reduce -62.4% 0.03% −0.05
PPLI People Inc. Reduce -26.6% 0.35% −0.05
NETD Nabors Energy Transition C-A Sold out 0.00% −0.05
CCIX Churchill Capital Corp. Ix Sold out 0.00% −0.05
WDC Western Digital Corp. Sold out 0.00% −0.05
ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.05
HSY The Hershey Co. Sold out 0.00% −0.05
WT Wisdomtree Inc. Sold out 0.00% −0.05
BG Bunge Global SA Reduce -59.2% 0.04% −0.04
WY Weyerhaeuser Co. Sold out 0.00% −0.04
FSLR First Solar Inc. Sold out 0.00% −0.04
POLE Andretti Acquisition Corp. Class A Sold out 0.00% −0.04
HON Honeywell International Inc. Reduce -40.0% 0.07% −0.04
MSGS Madison Square Garden Sports Reduce -57.8% 0.03% −0.04
NWSA News Corp. Class A Reduce -36.4% 0.08% −0.04

Portfolio Buys Q4 2024 → Q1 2025
DFS Discover Financial Services New 2.29% +2.29
SPRY Ars Pharmaceuticals Inc. Add +149.0% 1.56% +1.08
OI O-I Glass Inc. Add +6.0% 3.55% +0.70
ALIT Alight Inc. Class A New 0.19% +0.19
BP BP PLC-Spons ADR New 0.18% +0.18
HZO Marinemax Inc. Add +42.3% 1.16% +0.17
ALK Alaska Air Group Inc. Add +600.4% 0.20% +0.17
NEM Newmont Corp. Add +75.7% 0.23% +0.14
COF Capital One Financial Corp. New 0.13% +0.13
PG The Procter & Gamble Co. Add +75.4% 0.25% +0.13
KMB Kimberly-Clark Corp. Add +23.6% 0.33% +0.11
XOM Exxon Mobil Corp. Add +5.1% 0.43% +0.10
CNNE Cannae Holdings Inc. Add +22.4% 0.37% +0.08
XLP SS Consumer Staples Sel Sect New 0.07% +0.07
OWL Blue Owl Capital Inc. New 0.06% +0.06
GAM General American Investors Add +2.4% 0.57% +0.06
BLDR Builders Firstsource Inc. New 0.05% +0.05
PGR Progressive Corp. New 0.05% +0.05
BGC BGC Group Inc. Class A Add +92.7% 0.09% +0.05
VIG Vanguard Dividend Apprec ETF Add +0.0% 0.50% +0.05
ETN Eaton Corp. PLC Add +20.0% 0.52% +0.04
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.04% +0.04
WSC Willscot Holdings Corp. Add +164.8% 0.07% +0.04
VOO Vanguard S&P 500 ETF Add +25.2% 0.15% +0.04
DD Dupont DE Nemours Inc. New 0.04% +0.04
BATRA Atlanta Braves Holdings in-A New 0.03% +0.03
BC Brunswick Corp. Add +14.7% 0.60% +0.03
HNRG Hallador Energy Co. Add +72.0% 0.06% +0.03
CENX Century Aluminum Company New 0.03% +0.03
HOOD Robinhood Markets Inc. Class A New 0.03% +0.03
META Meta Platforms Inc. Class A Add +49.7% 0.07% +0.03
CVX Chevron Corp. Add +16.0% 0.08% +0.03
PANW Palo Alto Networks Inc. New 0.02% +0.02
FG F&G Annuities & Life Inc. New 0.02% +0.02
MGM MGM Resorts International Add +13.5% 0.29% +0.02
RGTI Rigetti Computing Inc. New 0.02% +0.02
PSFE Paysafe Ltd. New 0.02% +0.02
VSXY Victoria's Secret & Co. New 0.02% +0.02
ACTG Acacia Research Corp. Add +49.5% 0.09% +0.02
LYFT LYFT Inc. Class A New 0.01% +0.01
SMHI Seacor Marine Holdings Inc. New 0.01% +0.01
LEN Lennar Corp. Class A Add +50.0% 0.03% +0.01
AQST Aquestive Therapeutics Inc. Add +125.0% 0.01% +0.01
PGRE Paramount Group Inc. New 0.01% +0.01
AXP American Express Co. Add +0.0% 0.14% +0.00
APO Apollo Global Management Inc. Add +8.4% 0.96% −0.00
NVDA Nvidia Corp. Add +10.3% 0.25% −0.00
ADV Advantage Solutions Inc. Add +37.7% 0.03% −0.01
CRC California Resources Corp. Add +2.0% 0.36% −0.01
AAPL Apple Inc. Add +0.5% 2.08% −0.02

Options Activity Q4 2024 → Q1 2025
COF Capital One Financial Corp. call New 7,000 $1.3M
FDX FedEx Corp. call Sold out 4,000 $1.1Mbefore exit
PLTR Palantir Technologies Inc. Class A put Reduce -29.0% 11,000 $928K
AXS Axis Capital Holdings Ltd. call Sold out 8,000 $709Kbefore exit
TSLA Tesla Inc. put Add +150.0% 2,500 $648K
AAPL Apple Inc. put Sold out 2,500 $626Kbefore exit
MSTR Strategy Inc. put Sold out 2,000 $579Kbefore exit
X United States Steel Corp. call Sold out 16,000 $544Kbefore exit
NKE Nike Inc. Class B put New 7,500 $476K
RGTI Rigetti Computing Inc. put Sold out 30,500 $465Kbefore exit
GLNG Golar LNG Ltd. call Reduce -26.7% 11,000 $418K
ASPN Aspen Aerogels Inc. call Sold out 35,000 $416Kbefore exit
LMND Lemonade Inc. put Add +116.7% 13,000 $409K
PFE Pfizer Inc. call Sold out 15,000 $398Kbefore exit
DVA Davita Inc. put Sold out 2,000 $299Kbefore exit
FND Floor & Decor Holdings Inc. Class A put Sold out 3,000 $299Kbefore exit
EXE Expand Energy Corp. call Sold out 3,000 $299Kbefore exit
URBN Urban Outfitters Inc. put Sold out 5,000 $274Kbefore exit
EEM iShares MSCI Emerging Market call New 6,000 $262K
WSC Willscot Holdings Corp. call New 9,000 $250K
RPD RAPID7 Inc. call Sold out 5,000 $201Kbefore exit
CENX Century Aluminum Company call New 10,000 $186K
CDZI Cadiz Inc. call Sold out 29,200 $152Kbefore exit
SGML Sigma Lithium Corp. call Sold out 7,000 $79Kbefore exit
HNRG Hallador Energy Co. call Reduce -93.0% 5,000 $61K
VSXY Victoria's Secret & Co. call New 3,000 $56K

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
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 Sold out 23,000 $5Kbefore exit
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 Sold out 13,000 $5Kbefore exit
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 Sold out 16,000 $4Kbefore exit
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 Sold out 21,250 $3Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 256$1.5BCAT, GOOGL, BNY, JPM, JNJ
Q1 2026 221$1.3BJPM, JNJ, MSFT, GOOGL, BNY
Q4 2025 199$1.2BMSFT, JPM, GOOGL, BNY, CAT
Q3 2025 184$1.1BMSFT, JPM, BNY, GOOGL, JNJ
Q2 2025 180$1.0BMSFT, JPM, BNY, COF, OI
Q1 2025 165$941.8MMSFT, JPM, BNY, JNJ, OI
Q4 2024 195$1.0BMSFT, JPM, C, PRMB, BNY
Q3 2024 199$1.0BMSFT, OI, JPM, C, JNJ
Q2 2024 200$945.9MMSFT, OI, JPM, JNJ, C
Q1 2024 213$985.8MMSFT, OI, JPM, HZO, JNJ