LMR Partners LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), LMR Partners LLP reported 607 stock positions worth $5.2 billion. Its top holding was Kellanova (K) at 4.2% of the portfolio, followed by Cyberark Software Ltd./Israel (CYBR, 2.7%) and BP PLC-Spons ADR (BP, 2.5%). Compared with Q2 2025, it opened 220 new positions, sold out of 163, added to 140 and reduced 125. The biggest buy was Kellanova (K, shares +180%) and the biggest sale iShares National Muni Bond E (MUB, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001578621
- Portfolio Value
- $5.2B (Q3 2025)
- SEC Filing
- 0001578621-25-000014 ↗ filed Nov 14, 2025
Holdings Value
Holdings 607 stocks · $5.2B
| K Kellanova | 4.24% | 2,691,066 | $220.7M | Add +179.8% |
| CYBR Cyberark Software Ltd./Israel | 2.68% | 288,224 | $139.3M | Add +174.5% |
| BP BP PLC-Spons ADR | 2.47% | 3,724,125 | $128.3M | Add +9.8% |
| ECHO Echostar Corp. Class A | 2.26% | 1,536,707 | $117.3M | Add +152654.2% |
| AVGO Broadcom Inc. | 2.13% | 335,447 | $110.7M | Add +19.3% |
| MSTR Strategy Inc. | 2.06% | 333,116 | $107.3M | Add +263.3% |
| AZN Astrazeneca PLC-Spons ADR | 1.97% | 1,336,898 | $102.6M | Add +5739.3% |
| IVV iShares Core S&P 500 ETF | 1.93% | 150,000 | $100.4M | New |
| SOXX iShares Semiconductor ETF | 1.72% | 330,000 | $89.5M | No change |
| NVDA Nvidia Corp. | 1.62% | 451,688 | $84.3M | Reduce -42.7% |
| TTWO Take-Two Interactive Softwre | 1.47% | 295,003 | $76.2M | Add +27316.6% |
| BABA Alibaba Group Holding-SP ADR | 1.38% | 402,378 | $71.9M | Reduce -27.0% |
| MSFT Microsoft Corp. | 1.32% | 132,059 | $68.4M | Add +534.8% |
| HPE Hewlett Packard Enterprise | 1.28% | 2,714,000 | $66.7M | Add +167.7% |
| COIN Coinbase Global Inc. Class A | 1.24% | 191,559 | $64.6M | Add +251.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.20% | 222,552 | $62.2M | Add +122.9% |
| SPR Spirit Aerosystems Hold Class A | 1.12% | 1,510,885 | $58.3M | Add +87.0% |
| MRVL Marvell Technology Inc. | 1.12% | 693,264 | $58.3M | Add +81.5% |
| NSC Norfolk Southern Corp. | 1.10% | 190,879 | $57.3M | New |
| MDB Mongodb Inc. | 1.05% | 175,500 | $54.5M | Add +101.6% |
| WDC Western Digital Corp. | 1.00% | 434,922 | $52.2M | Reduce -68.4% |
| AMAT Applied Materials Inc. | 0.92% | 234,306 | $48.0M | Add +18734.9% |
| TSLA Tesla Inc. | 0.89% | 103,600 | $46.1M | Add +73.1% |
| GTLS Chart Industries Inc. | 0.76% | 197,246 | $39.5M | New |
| TXNM TXNM Energy Inc. | 0.72% | 664,967 | $37.6M | Reduce -22.4% |
| MRUS Merus NV | 0.71% | 390,465 | $36.8M | New |
| MU Micron Technology Inc. | 0.68% | 210,000 | $35.1M | Add +3866.8% |
| IPG Interpublic Group of Cos Inc. | 0.66% | 1,221,855 | $34.1M | Reduce -15.3% |
| CRH CRH PLC | 0.65% | 281,184 | $33.7M | No change |
| NTNX Nutanix Inc. Class A | 0.64% | 450,000 | $33.5M | New |
| SONY Sony Group Corp. - SP ADR | 0.62% | 1,119,300 | $32.2M | Add +86.5% |
| GOOGL Alphabet Inc. Class A | 0.62% | 132,490 | $32.2M | Add +264880.0% |
| MUB iShares National Muni Bond E | 0.61% | 300,000 | $31.9M | Reduce -83.1% |
| LBRDK Liberty Broadband-C | 0.61% | 497,172 | $31.6M | Add +3.3% |
| LITE Lumentum Holdings Inc. | 0.60% | 190,803 | $31.0M | Add +50.2% |
| COOP Mr Cooper Group Inc. | 0.60% | 147,112 | $31.0M | Add +3.3% |
| CLS Celestica Inc. | 0.47% | 100,015 | $24.6M | Reduce -69.9% |
| NOK Nokia Corp.-Spon ADR | 0.46% | 5,000,000 | $24.1M | Add +150.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.46% | 39,729 | $23.9M | Add +64.5% |
| TTMI TTM Technologies | 0.44% | 400,000 | $23.0M | Add +1891.2% |
| ALE Allete Inc. | 0.44% | 345,613 | $22.9M | Add +1256.9% |
| VACH Voyager Acquisition Corp. | 0.44% | 2,178,000 | $22.9M | No change |
| ZM Zoom Communications Inc. | 0.44% | 276,020 | $22.8M | Add +10573.6% |
| INTC Intel Corp. | 0.44% | 676,560 | $22.7M | Add +794.9% |
| ORCL Oracle Corp. | 0.43% | 80,000 | $22.5M | Reduce -15.6% |
| IBIT iShares Bitcoin Trust ETF | 0.43% | 342,659 | $22.3M | Reduce -54.3% |
| CVNA Carvana Co. | 0.43% | 59,011 | $22.3M | Add +137.3% |
| LLYVA Liberty Media Corp.-Liberty-A | 0.42% | 233,632 | $22.0M | No change |
| PRA Proassurance Corp. | 0.42% | 906,379 | $21.7M | Add +12.4% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 70,466 | $21.2M | Add +17.4% |
| CUB Lionheart Holdings Class A | 0.40% | 1,980,000 | $20.8M | No change |
| LPAA Launch One Acquisition Corp. | 0.40% | 1,980,000 | $20.8M | No change |
| ALAB Astera Labs Inc. | 0.40% | 105,865 | $20.7M | New |
| TWLO Twilio Inc. Class A | 0.38% | 200,000 | $20.0M | Reduce -20.0% |
| SCS Steelcase Inc. Class A | 0.38% | 1,159,349 | $19.9M | New |
| DMIIU Drugs Made in America Acquis | 0.38% | 2,000,000 | $19.9M | New |
| ALF Centurion Acquisition Corp. | 0.38% | 1,875,000 | $19.8M | No change |
| RBRK Rubrik Inc. Class A | 0.38% | 240,250 | $19.8M | New |
| UNH Unitedhealth Group Inc. | 0.38% | 56,856 | $19.6M | Add +174.9% |
| CRWV Coreweave Inc. Class A | 0.38% | 143,219 | $19.6M | New |
| UNIT Uniti Group Inc. | 0.38% | 3,200,000 | $19.6M | Add +67.0% |
| GLD SPDR Gold Shares | 0.37% | 54,790 | $19.5M | Add +2960.9% |
| O Realty Income Corp. | 0.37% | 315,138 | $19.2M | Add +4873.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.37% | 585,354 | $19.1M | New |
| COHR Coherent Corp. | 0.35% | 171,212 | $18.4M | New |
| FLR Fluor Corp. | 0.35% | 434,470 | $18.3M | Add +14482233.3% |
| ADSK Autodesk Inc. | 0.34% | 55,049 | $17.5M | Add +2789.7% |
| GSK GSK PLC-Spon ADR | 0.32% | 384,302 | $16.6M | No change |
| SAND Sandstorm Gold Ltd. | 0.31% | 1,305,604 | $16.3M | New |
| POLE Andretti Acquisition Corp. Class A | 0.31% | 1,550,000 | $16.2M | Reduce -8.8% |
| HIMS Hims & Hers Health Inc. | 0.31% | 284,706 | $16.1M | Add +72.7% |
| SLV iShares Silver Trust | 0.31% | 379,192 | $16.1M | Add +89.6% |
| INFA Informatica Inc. Class A | 0.31% | 643,843 | $16.0M | New |
| GDX Vaneck Gold Miners ETF | 0.31% | 208,000 | $15.9M | Reduce -56.2% |
| FIG Figma Inc. Class A | 0.30% | 303,348 | $15.7M | New |
| MACI Melar Acquisition Corp. I-A | 0.30% | 1,485,000 | $15.6M | No change |
| CIEN Ciena Corp. | 0.30% | 106,500 | $15.5M | Reduce -62.6% |
| PDD PDD Holdings Inc. | 0.30% | 117,082 | $15.5M | Add +175.7% |
| VRNA Verona Pharma Ltd. | 0.29% | 143,200 | $15.3M | New |
| UDR Udr Inc. | 0.29% | 408,463 | $15.2M | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.29% | 501,734 | $15.2M | Reduce -40.8% |
| CVLT Commvault Systems Inc. | 0.29% | 80,000 | $15.1M | Add +300.0% |
| TLNCU Talon Capital Corp. | 0.29% | 1,500,000 | $15.1M | New |
| NTWO Newbury Street II Ac Class A | 0.29% | 1,450,000 | $15.0M | No change |
| ETNB 89BIO Inc. | 0.28% | 1,000,000 | $14.7M | New |
| ANET Arista Networks Inc. | 0.28% | 100,466 | $14.6M | New |
| META Meta Platforms Inc. Class A | 0.28% | 19,814 | $14.6M | Add +146.8% |
| KRMN Karman Holdings Inc. | 0.28% | 201,022 | $14.5M | Add +99.0% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.27% | 369,390 | $14.3M | Add +49.1% |
| EA Electronic Arts Inc. | 0.27% | 70,000 | $14.1M | Add +15773.0% |
| MNST Monster Beverage Corp. | 0.27% | 207,165 | $13.9M | Add +5425.9% |
| HSY The Hershey Co. | 0.27% | 74,000 | $13.8M | Add +1038.5% |
| INSM Insmed Inc. | 0.26% | 93,912 | $13.5M | Add +36.1% |
| MCHP Microchip Technology Inc. | 0.26% | 210,000 | $13.5M | Add +5.0% |
| ESS Essex Property Trust Inc. | 0.25% | 49,044 | $13.1M | New |
| CUBE Cubesmart | 0.25% | 322,165 | $13.1M | New |
| GPAT GP-Act III Acquisition-A | 0.25% | 1,225,000 | $13.0M | No change |
| PFE Pfizer Inc. | 0.25% | 501,400 | $12.8M | Add +0.3% |
| TECK Teck Resources Ltd.-CLS B | 0.24% | 290,000 | $12.7M | New |
| SNDK Sandisk Corp. | 0.24% | 113,000 | $12.7M | New |
Options reported separately and not counted above: XLI calls ($3.1B), EEM calls ($1.1B), MSTR puts ($1.1B), SLV calls ($847.4M), HYG puts ($687.1M), GME puts ($437.1M), SPY puts ($326.4M), NVDA puts ($275.1M), COIN puts ($195.5M), MARA puts ($192.8M), BABA puts ($182.2M), IBIT puts ($172.9M), and 539 more.
Other holdings (265): bonds, preferreds, convertibles and warrants · $2.5B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 204,600,000 | $375.8M | Reduce -7.9% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 120,758,686 | $297.0M | Add +19.3% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 103,000,000 | $183.6M | No change |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 34,500,000 | $102.4M | Add +72.5% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 96,500,000 | $100.0M | Add +20.6% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 60,500,000 | $95.1M | Reduce -17.1% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 55,000,000 | $89.1M | Add +197.3% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 6,987,529 | $81.3M | Add +115.2% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 50,000,000 | $70.5M | New |
| CYTOKINETICS INC (CYTK 4 11/15/26) | NOTE 4.000%11/1 · principal | 12,500,000 | $65.8M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 55,000,000 | $55.8M | Reduce -8.3% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 40,000,000 | $51.0M | Add +166.7% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 47,500,000 | $50.6M | Add +11.8% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 32,000,000 | $48.5M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 45,000,000 | $47.4M | Add +52.5% |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | 35,000,000 | $38.0M | New |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 25,000,000 | $38.0M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 27,500,000 | $37.8M | Reduce -21.4% |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 26,910,479 | $36.7M | New |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 23,000,000 | $33.8M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 32,000,000 | $32.4M | No change |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 31,550,000 | $31.9M | Reduce -13.7% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 31,035,000 | $30.8M | No change |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 30,600,000 | $30.1M | Reduce -4.4% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 30,000,000 | $30.1M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 27,000,000 | $30.0M | Add +58.8% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 30,000,000 | $29.7M | Add +50.0% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 28,750,000 | $29.3M | No change |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 4,272,688 | $25.6M | Add +24.3% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 15,000,000 | $24.7M | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 20,000,000 | $22.2M | No change |
| USA RARE EARTH INC | *W EXP 03/13/203 | 2,868,494 | $20.7M | Add +518.0% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 19,000,000 | $20.2M | No change |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 30,000,000 | $19.3M | Add +46.3% |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 15,000,000 | $18.3M | New |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 2,664,529 | $16.2M | Add +2.7% |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 4,312,373 | $15.8M | Add +46.4% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 14,000,000 | $14.5M | New |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 724,616 | $13.3M | New |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 25,000,000 | $12.2M | Reduce -6.5% |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | 31,320,000 | $11.3M | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 12,500,000 | $10.9M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 10,000,000 | $10.0M | No change |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 50,000,000 | $9.9M | No change |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 8,350,000 | $9.9M | No change |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 1,602,973 | $9.6M | Add +3.4% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 10,000,000 | $8.8M | New |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 2,007,643 | $8.2M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 6,500,000 | $6.1M | No change |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 5,500,000 | $5.5M | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 719,144 | $5.3M | Reduce -3.6% |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 2,330,473 | $5.2M | No change |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 51,096 | $4.9M | No change |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 3,510,115 | $3.8M | Reduce -0.3% |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 131,107 | $3.2M | Reduce -79.3% |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 1,481,895 | $3.1M | Add +83.5% |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | 1,492,262 | $3.0M | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 2,718,117 | $2.9M | New |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 1,016,787 | $2.8M | Add +69.5% |
| PEW.WS Grabagun Digital Holdings Inc. | *W EXP 99/99/999 | 2,252,545 | $2.8M | New |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 1,593,362 | $2.5M | Add +355.3% |
| CIFRW Cipher Mining Inc. | *W EXP 08/27/202 | 490,225 | $2.5M | New |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 1,059,178 | $2.3M | Add +2.7% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 3,966,731 | $2.1M | No change |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | 214,162 | $1.8M | Add +199.9% |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 1,823,000 | $1.7M | New |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 280,187 | $1.5M | Add +29.5% |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 2,062,980 | $1.5M | Add +60.9% |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 2,945,823 | $1.5M | Add +0.2% |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 414,126 | $1.5M | Add +65.7% |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 688,816 | $1.5M | Add +38.1% |
| CDROW Codere Online Luxembou -CW | *W EXP 11/23/202 | 1,424,161 | $1.4M | No change |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 1,066,066 | $1.3M | No change |
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | 26,080 | $1.3M | New |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 1,691,716 | $1.3M | No change |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 1,526,041 | $885K | No change |
| AEVAW Interprivate Acquisiti -CW24 | *W EXP 03/12/202 | 2,868,841 | $832K | Add +20.1% |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 2,646,023 | $794K | No change |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 516,471 | $780K | No change |
| ARBEW Arbe Robotics Ltd. -CW26 | *W EXP 99/99/999 | 2,709,313 | $752K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 200,000 | $744K | No change |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 1,000,000 | $680K | No change |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 2,501,266 | $620K | No change |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 500,000 | $600K | No change |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 450,000 | $540K | No change |
| EVGO INC | *W EXP 07/01/202 | 2,819,066 | $536K | No change |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 2,804,325 | $504K | No change |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 1,261,014 | $441K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 2,808,732 | $431K | No change |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 625,000 | $419K | No change |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | 2,856,648 | $397K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 623,242 | $393K | Add +364.4% |
| STRATA CRITICAL MEDICAL INC | *W EXP 05/07/202 | 1,881,170 | $391K | Add +16.8% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 600,000 | $390K | Add +20.0% |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 615,000 | $382K | No change |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 400,000 | $380K | No change |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 489,831 | $369K | Add +0.2% |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 162,195 | $341K | Add +9.3% |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 600,000 | $336K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 457,003 | $329K | No change |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 600,000 | $324K | No change |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | 200,001 | $321K | New |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 937,500 | $319K | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 1,644,337 | $308K | No change |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 22,800 | $292K | Reduce -99.7% |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 | 245,914 | $275K | Reduce -4.6% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 538,182 | $270K | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 615,626 | $265K | Add +9.8% |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 505,087 | $260K | No change |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 990,000 | $252K | No change |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 349,999 | $248K | New |
| HOLLEY INC | *W EXP 11/30/202 | 2,242,360 | $245K | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 1,187,728 | $238K | Reduce -0.9% |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 2,135,439 | $234K | Add +4.9% |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 2,977,952 | $229K | No change |
| BKSYW Blacksky Technology -CW24 | *W EXP 09/09/202 | 1,353,603 | $228K | No change |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 175,000 | $228K | No change |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 256,584 | $226K | No change |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 500,000 | $220K | No change |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 990,000 | $218K | No change |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 333,333 | $217K | No change |
| MVSTW Microvast Hold Inc.-CW26 | *W EXP 07/23/202 | 1,181,416 | $210K | No change |
| HPAIW Helport AI Ltd. -29 | *W EXP 03/31/202 | 1,034,486 | $204K | No change |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 117,306 | $196K | No change |
| STLNW Oncology Institute Inc. CW-22 | *W EXP 99/99/999 | 1,624,856 | $195K | No change |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 204,300 | $194K | New |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 688,978 | $193K | No change |
| EOS ENERGY ENTER -CW26 | *W EXP 11/17/202 | 108,138 | $191K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 350,000 | $190K | New |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 1,100,000 | $187K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 1,089,000 | $185K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 500,000 | $185K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 725,000 | $185K | No change |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 300,000 | $183K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 350,000 | $182K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 490,000 | $181K | No change |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 256,281 | $179K | Add +207.5% |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 400,000 | $176K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 266,666 | $176K | New |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 850,000 | $170K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 333,332 | $167K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 425,000 | $166K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 490,000 | $162K | No change |
| MCGAW Yorkville Acquisition - 30 | *W EXP 06/06/203 | 133,332 | $160K | No change |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 612,500 | $159K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 200,000 | $156K | No change |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 2,341,738 | $155K | Reduce -0.1% |
| TBLAW Taboola.com Ltd. -CW27 | *W EXP 99/99/999 | 1,796,134 | $153K | No change |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 897,392 | $153K | No change |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 500,000 | $151K | No change |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 3,272,614 | $149K | No change |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 425,000 | $149K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 2,444,027 | $146K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 3,144,830 | $143K | Reduce -0.0% |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 501,235 | $140K | No change |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 7,628 | $137K | Reduce -89.5% |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 73,510 | $136K | No change |
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | 288,827 | $136K | Add +0.1% |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 48,328 | $135K | No change |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 500,000 | $135K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 300,000 | $135K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 175,000 | $133K | No change |
| SEATW Vivid Seats Inc. -CW26 | *W EXP 10/18/202 | 1,321,790 | $133K | No change |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 600,000 | $132K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 500,000 | $125K | Add +25.0% |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 450,000 | $122K | No change |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 443,751 | $120K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 742,500 | $116K | No change |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 400,000 | $116K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 750,000 | $113K | No change |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 1,549,445 | $112K | No change |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 500,000 | $109K | No change |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | 267,051 | $107K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 4,834,590 | $107K | No change |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | 1,188,001 | $93K | No change |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 50,993 | $86K | No change |
| RAINW Rain Enhancement-CW 29 | *W EXP 12/31/202 | 511,776 | $84K | Add +24.8% |
| RBOT.WS Vicarious Surgical Inc.-CW27 | *W EXP 09/17/202 | 3,913,105 | $78K | No change |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 400,000 | $76K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 500,000 | $75K | No change |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 166,666 | $73K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 400,000 | $72K | No change |
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | 3,877,444 | $72K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 95,000 | $71K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 250,000 | $68K | No change |
| VLNWF Valens Semiconductor -CW26 | *W EXP 09/30/202 | 1,021,724 | $61K | Add +0.4% |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 150,000 | $56K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 375,000 | $55K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 300,000 | $48K | No change |
| BARK.WS Original Bark Co./the -CW25 | *W EXP 05/01/202 | 2,396,323 | $48K | No change |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | 1,239,370 | $46K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 100,000 | $46K | New |
| PRENW Prenetics Global Ltd. -CW26 | *W EXP 05/18/202 | 1,303,861 | $45K | No change |
| ISPOW Inspirato -CW30 | *W EXP 02/11/202 | 2,359,257 | $44K | No change |
| TMCWW TMC the Metals Co. Inc. -CW25I | *W EXP 09/09/202 | 41,974 | $44K | New |
| ADNWW Amci Acquisition Corp.-CW26 | *W EXP 02/03/202 | 3,158,425 | $44K | No change |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 112,986 | $39K | No change |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 2,893,866 | $36K | No change |
| OUSTZ Ouster Inc. -CW25 | *W EXP 03/11/202 | 684,305 | $35K | No change |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 69,600 | $35K | No change |
Largest 200 of 265 shown.
Total filed on the 13F, all lines: $7.7B.
Portfolio Sells Q2 2025 → Q3 2025
| MUB iShares National Muni Bond E | Reduce -83.1% | 0.61% | −3.61 |
| INFY Infosys Ltd.-SP ADR | Reduce -89.8% | 0.18% | −2.24 |
| FYBR Frontier Communications Pare | Reduce -85.7% | 0.21% | −1.51 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.49 |
| STX Seagate Technology Holdings | Reduce -90.6% | 0.18% | −1.22 |
| NVDA Nvidia Corp. | Reduce -42.7% | 1.62% | −1.22 |
| CHX Championx Corp. | Sold out | 0.00% | −1.19 |
| GLW Corning Inc. | Reduce -98.2% | 0.03% | −1.17 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −1.16 |
| WDC Western Digital Corp. | Reduce -68.4% | 1.00% | −1.00 |
| HES Hess Corp. | Sold out | 0.00% | −1.00 |
| CSCO Cisco Systems Inc. | Reduce -99.4% | 0.00% | −0.93 |
| BA The Boeing Co. | Sold out | 0.00% | −0.83 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.82 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.82 |
| SMH Vaneck Semiconductor ETF | Reduce -79.8% | 0.20% | −0.80 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.79 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.75 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.75 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -99.0% | 0.01% | −0.75 |
| MNDY Monday.com Ltd. | Reduce -97.7% | 0.01% | −0.71 |
| CLS Celestica Inc. | Reduce -69.9% | 0.47% | −0.71 |
| DDOG Datadog Inc. Class A | Reduce -80.3% | 0.14% | −0.66 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.63 |
| IBIT iShares Bitcoin Trust ETF | Reduce -54.3% | 0.43% | −0.62 |
| AMED Amedisys Inc. | Sold out | 0.00% | −0.58 |
| DLTR Dollar Tree Inc. | Reduce -93.1% | 0.03% | −0.52 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.52 |
| ONC Beone Medicines Ltd.-ADR | Sold out | 0.00% | −0.43 |
| SMTC Semtech Corp. | Reduce -97.7% | 0.01% | −0.42 |
| LBRDA Liberty Broadband-A | Sold out | 0.00% | −0.39 |
| TXNM TXNM Energy Inc. | Reduce -22.4% | 0.72% | −0.38 |
| TXN Texas Instruments Inc. | Reduce -88.5% | 0.04% | −0.38 |
| IBM Intl Business Machines Corp. | Reduce -83.1% | 0.06% | −0.37 |
| AMD Advanced Micro Devices | Reduce -72.4% | 0.13% | −0.37 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -40.8% | 0.29% | −0.36 |
| REGN Regeneron Pharmaceuticals | Reduce -64.3% | 0.17% | −0.35 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.35 |
| QRVO Qorvo Inc. | Reduce -82.9% | 0.06% | −0.34 |
| TWLO Twilio Inc. Class A | Reduce -20.0% | 0.38% | −0.32 |
| CRCL Circle Internet Group Inc. | Reduce -90.3% | 0.02% | −0.32 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −0.30 |
| FL Foot Locker Inc. | Sold out | 0.00% | −0.29 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.27 |
| LI Li Auto Inc. - ADR | Reduce -52.0% | 0.16% | −0.26 |
| GDX Vaneck Gold Miners ETF | Reduce -56.2% | 0.31% | −0.26 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.25 |
| TMUS T-Mobile US Inc. | Reduce -99.0% | 0.00% | −0.25 |
| APH Amphenol Corp. Class A | Reduce -69.9% | 0.11% | −0.24 |
| ON On Semiconductor | Sold out | 0.00% | −0.24 |
Portfolio Buys Q2 2025 → Q3 2025
| K Kellanova | Add +179.8% | 4.24% | +2.50 |
| ECHO Echostar Corp. Class A | Add +152654.2% | 2.26% | +2.26 |
| AZN Astrazeneca PLC-Spons ADR | Add +5739.3% | 1.97% | +1.94 |
| IVV iShares Core S&P 500 ETF | New | 1.93% | +1.93 |
| CYBR Cyberark Software Ltd./Israel | Add +174.5% | 2.68% | +1.70 |
| TTWO Take-Two Interactive Softwre | Add +27316.6% | 1.47% | +1.46 |
| MSTR Strategy Inc. | Add +263.3% | 2.06% | +1.22 |
| NSC Norfolk Southern Corp. | New | 1.10% | +1.10 |
| MSFT Microsoft Corp. | Add +534.8% | 1.32% | +1.08 |
| AMAT Applied Materials Inc. | Add +18734.9% | 0.92% | +0.92 |
| HPE Hewlett Packard Enterprise | Add +167.7% | 1.28% | +0.81 |
| COIN Coinbase Global Inc. Class A | Add +251.8% | 1.24% | +0.81 |
| GTLS Chart Industries Inc. | New | 0.76% | +0.76 |
| MRUS Merus NV | New | 0.71% | +0.71 |
| TSM Taiwan Semiconductor-SP ADR | Add +122.9% | 1.20% | +0.68 |
| MU Micron Technology Inc. | Add +3866.8% | 0.68% | +0.66 |
| NTNX Nutanix Inc. Class A | New | 0.64% | +0.64 |
| MDB Mongodb Inc. | Add +101.6% | 1.05% | +0.63 |
| GOOGL Alphabet Inc. Class A | Add +264880.0% | 0.62% | +0.62 |
| TSLA Tesla Inc. | Add +73.1% | 0.89% | +0.45 |
| MRVL Marvell Technology Inc. | Add +81.5% | 1.12% | +0.45 |
| ZM Zoom Communications Inc. | Add +10573.6% | 0.44% | +0.43 |
| TTMI TTM Technologies | Add +1891.2% | 0.44% | +0.42 |
| SPR Spirit Aerosystems Hold Class A | Add +87.0% | 1.12% | +0.42 |
| ALE Allete Inc. | Add +1256.9% | 0.44% | +0.40 |
| ALAB Astera Labs Inc. | New | 0.40% | +0.40 |
| INTC Intel Corp. | Add +794.9% | 0.44% | +0.40 |
| SCS Steelcase Inc. Class A | New | 0.38% | +0.38 |
| DMIIU Drugs Made in America Acquis | New | 0.38% | +0.38 |
| RBRK Rubrik Inc. Class A | New | 0.38% | +0.38 |
| CRWV Coreweave Inc. Class A | New | 0.38% | +0.38 |
| VICI Vici Properties Inc. | New | 0.37% | +0.37 |
| GLD SPDR Gold Shares | Add +2960.9% | 0.37% | +0.36 |
| AVGO Broadcom Inc. | Add +19.3% | 2.13% | +0.36 |
| O Realty Income Corp. | Add +4873.0% | 0.37% | +0.36 |
| COHR Coherent Corp. | New | 0.35% | +0.35 |
| FLR Fluor Corp. | Add +14482233.3% | 0.35% | +0.35 |
| ADSK Autodesk Inc. | Add +2789.7% | 0.34% | +0.32 |
| LITE Lumentum Holdings Inc. | Add +50.2% | 0.60% | +0.32 |
| SAND Sandstorm Gold Ltd. | New | 0.31% | +0.31 |
| INFA Informatica Inc. Class A | New | 0.31% | +0.31 |
| FIG Figma Inc. Class A | New | 0.30% | +0.30 |
| VRNA Verona Pharma Ltd. | New | 0.29% | +0.29 |
| UDR Udr Inc. | New | 0.29% | +0.29 |
| TLNCU Talon Capital Corp. | New | 0.29% | +0.29 |
| ETNB 89BIO Inc. | New | 0.28% | +0.28 |
| ANET Arista Networks Inc. | New | 0.28% | +0.28 |
| EA Electronic Arts Inc. | Add +15773.0% | 0.27% | +0.27 |
| SONY Sony Group Corp. - SP ADR | Add +86.5% | 0.62% | +0.26 |
| MNST Monster Beverage Corp. | Add +5425.9% | 0.27% | +0.26 |
Options Activity Q2 2025 → Q3 2025
| XLI SS Industrial Select Sector | call | New | 20,000,000 | $3.1B |
| EEM iShares MSCI Emerging Market | call | New | 20,000,000 | $1.1B |
| MSTR Strategy Inc. | put | Add +6.6% | 3,268,200 | $1.1B |
| SLV iShares Silver Trust | call | Add +3742.5% | 20,000,000 | $847.4M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +44.0% | 8,462,400 | $687.1M |
| GME Gamestop Corp. Class A | put | Add +378.9% | 16,022,000 | $437.1M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -8.6% | 490,000 | $326.4M |
| NVDA Nvidia Corp. | put | Add +8.2% | 1,474,200 | $275.1M |
| COIN Coinbase Global Inc. Class A | put | Add +520.3% | 579,400 | $195.5M |
| MARA Mara Holdings Inc. | put | Add +61.8% | 10,557,700 | $192.8M |
| BABA Alibaba Group Holding-SP ADR | put | Add +1259.1% | 1,019,300 | $182.2M |
| IBIT iShares Bitcoin Trust ETF | put | Add +192.3% | 2,659,900 | $172.9M |
| UTHR United Therapeutics Corp. | put | New | 401,000 | $168.1M |
| NIO Nio Inc. - ADR | put | Add +78.8% | 21,946,300 | $167.2M |
| RIVN Rivian Automotive Inc. Class A | put | Add +48.4% | 11,244,300 | $165.1M |
| PDD PDD Holdings Inc. | put | Add +268.3% | 1,239,300 | $163.8M |
| MSTR Strategy Inc. | call | Add +46.7% | 502,200 | $161.8M |
| BABA Alibaba Group Holding-SP ADR | call | Add +1200.0% | 859,300 | $153.6M |
| PDD PDD Holdings Inc. | call | Add +441.9% | 978,600 | $129.3M |
| NVDA Nvidia Corp. | call | Reduce -14.8% | 655,100 | $122.2M |
| UNH Unitedhealth Group Inc. | call | Add +21.4% | 334,100 | $115.4M |
| DD Dupont DE Nemours Inc. | call | New | 1,398,200 | $108.9M |
| TSLA Tesla Inc. | call | Add +43.0% | 227,700 | $101.3M |
| IEF iShares 7-10 Year Treasury B | put | New | 1,000,000 | $96.5M |
| FBTC Fidelity Wise Origin Bitcoin | put | Add +47.4% | 958,200 | $95.6M |
| ARGX Argenx SE - ADR | call | Add +112.8% | 127,500 | $94.0M |
| FSLR First Solar Inc. | put | Reduce -9.6% | 378,665 | $83.5M |
| AMD Advanced Micro Devices | call | Add +125.4% | 488,200 | $79.0M |
| LLY Eli Lilly & Co. | put | Sold out | 96,700 | $75.4Mbefore exit |
| GLD SPDR Gold Shares | call | Reduce -66.7% | 206,200 | $73.3M |
| AMD Advanced Micro Devices | put | Add +187.6% | 436,600 | $70.6M |
| ECHO Echostar Corp. Class A | call | Add +27.7% | 922,300 | $70.4M |
| CRWV Coreweave Inc. Class A | put | Reduce -27.9% | 509,300 | $69.7M |
| TSLA Tesla Inc. | put | Reduce -23.1% | 152,900 | $68.0M |
| JNPR Juniper Networks Inc. | put | Sold out | 1,626,500 | $64.9Mbefore exit |
| FCX Freeport-McMoran Inc. | call | Add +601.1% | 1,553,600 | $60.9M |
| PLTR Palantir Technologies Inc. Class A | put | Add +309.2% | 330,200 | $60.2M |
| TLT iShares 20+ Year Treasury BD | put | Add +122.4% | 667,200 | $59.6M |
| FLR Fluor Corp. | call | Add +250.1% | 1,411,000 | $59.4M |
| ECHO Echostar Corp. Class A | put | Add +223.6% | 700,000 | $53.5M |
| MUB iShares National Muni Bond E | put | New | 500,000 | $53.2M |
| FSLR First Solar Inc. | call | Reduce -69.8% | 240,799 | $53.1M |
| USO United States Oil Fund LP | put | Sold out | 720,000 | $52.6Mbefore exit |
| MUB iShares National Muni Bond E | call | Sold out | 500,000 | $52.2Mbefore exit |
| WDC Western Digital Corp. | call | New | 431,400 | $51.8M |
| NBIS Nebius Group NV | put | New | 433,700 | $48.7M |
| SWTX Springworks Therapeutics Inc. | call | Sold out | 1,000,000 | $47.0Mbefore exit |
| AMZN Amazon.com Inc. | call | Add +2718.7% | 211,400 | $46.4M |
| BMNR Bitmine Immersion Technologi | put | New | 887,500 | $46.1M |
| COIN Coinbase Global Inc. Class A | call | Add +72.1% | 136,500 | $46.1M |
Showing the first 50 of 516.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -7.9% | 204,600,000 | $375.8M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +19.3% | 120,758,686 | $297.0M |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | Add +72.5% | 34,500,000 | $102.4M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +20.6% | 96,500,000 | $100.0M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | Reduce -17.1% | 60,500,000 | $95.1M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +197.3% | 55,000,000 | $89.1M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 50,000,000 | $88.7Mbefore exit |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Add +115.2% | 6,987,529 | $81.3M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | New | 50,000,000 | $70.5M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 61,600,000 | $61.2Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -8.3% | 55,000,000 | $55.8M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +166.7% | 40,000,000 | $51.0M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +11.8% | 47,500,000 | $50.6M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Add +52.5% | 45,000,000 | $47.4M |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | New | 35,000,000 | $38.0M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 25,000,000 | $38.0M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -21.4% | 27,500,000 | $37.8M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Sold out | 35,000,000 | $37.1Mbefore exit |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | New | 26,910,479 | $36.7M |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | Reduce -13.7% | 31,550,000 | $31.9M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Reduce -4.4% | 30,600,000 | $30.1M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +58.8% | 27,000,000 | $30.0M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Add +50.0% | 30,000,000 | $29.7M |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | Add +24.3% | 4,272,688 | $25.6M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | New | 15,000,000 | $24.7M |
| USA RARE EARTH INC | *W EXP 03/13/203 | Add +518.0% | 2,868,494 | $20.7M |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | Add +46.3% | 30,000,000 | $19.3M |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | New | 15,000,000 | $18.3M |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | Add +2.7% | 2,664,529 | $16.2M |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | Add +46.4% | 4,312,373 | $15.8M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | New | 14,000,000 | $14.5M |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | New | 724,616 | $13.3M |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | Reduce -6.5% | 25,000,000 | $12.2M |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | Sold out | 12,000,000 | $11.8Mbefore exit |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | Sold out | 9,528,000 | $11.7Mbefore exit |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Sold out | 8,500,000 | $11.5Mbefore exit |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | Sold out | 13,500,000 | $11.4Mbefore exit |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | Add +3.4% | 1,602,973 | $9.6M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | New | 10,000,000 | $8.8M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 32,500,000 | $8.3Mbefore exit |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | New | 2,007,643 | $8.2M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Sold out | 5,000,000 | $5.6Mbefore exit |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | Reduce -3.6% | 719,144 | $5.3M |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Sold out | 17,125,000 | $4.3Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Sold out | 4,000,000 | $4.2Mbefore exit |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | Reduce -0.3% | 3,510,115 | $3.8M |
| Colombier Acquisition - 29 | *W EXP 11/24/202 | Sold out | 916,166 | $3.4Mbefore exit |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | Reduce -79.3% | 131,107 | $3.2M |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | Add +83.5% | 1,481,895 | $3.1M |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | Sold out | 2,718,117 | $3.0Mbefore exit |
Showing the first 50 of 102.
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 | 924 | $11.1B | IVV, SPY, WBD, NSC, SPCX |
| Q1 2026 | 813 | $8.4B | IVV, SPY, WBD, NVDA, BP |
| Q4 2025 | 695 | $7.9B | IVV, NVDA, AVGO, MUB, QQQ |
| Q3 2025 | 607 | $5.2B | K, CYBR, BP, ECHO, AVGO |
| Q2 2025 | 552 | $4.4B | MUB, NVDA, INFY, BP, WDC |
| Q1 2025 | 631 | $3.6B | BP, ITCI, HDB, HES, IWM |
| Q4 2024 | 535 | $4.4B | SPY, EDR, HDB, BP, NVDA |
| Q3 2024 | 558 | $3.6B | EDR, HDB, BP, TSM, NVDA |
| Q2 2024 | 430 | $3.6B | QQQ, GSK, BP, HDB, UL |
| Q1 2024 | 446 | $2.8B | BP, HDB, MSFT, UL, PXD |