LMR Partners LLP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), LMR Partners LLP reported 695 stock positions worth $7.9 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.1% of the portfolio, followed by Nvidia (NVDA, 4.3%) and Broadcom (AVGO, 2.1%). Compared with Q3 2025, it opened 267 new positions, sold out of 178, added to 168 and reduced 128. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +593%) and the biggest sale an exit from Kellanova (K).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001578621
- Portfolio Value
- $7.9B (Q4 2025)
- SEC Filing
- 0001578621-26-000003 ↗ filed Feb 17, 2026
Holdings Value
Holdings 695 stocks · $7.9B
| IVV iShares Core S&P 500 ETF | 9.07% | 1,040,000 | $712.3M | Add +593.3% |
| NVDA Nvidia Corp. | 4.25% | 1,792,000 | $334.2M | Add +296.7% |
| AVGO Broadcom Inc. | 2.07% | 469,738 | $162.6M | Add +40.0% |
| MUB iShares National Muni Bond E | 2.04% | 1,495,000 | $160.1M | Add +398.3% |
| QQQ Invesco QQQ Trust Series 1 | 2.00% | 255,609 | $157.0M | Add +543.4% |
| CYBR Cyberark Software Ltd./Israel | 1.76% | 309,457 | $138.0M | Add +7.4% |
| ECHO Echostar Corp. Class A | 1.68% | 1,217,245 | $132.3M | Reduce -20.8% |
| AZN Astrazeneca PLC-Spons ADR | 1.66% | 1,416,898 | $130.3M | Add +6.0% |
| BP BP PLC-Spons ADR | 1.65% | 3,741,572 | $129.9M | Add +0.5% |
| WBD Warner Bros Discovery Inc. | 1.64% | 4,470,373 | $128.8M | Add +871.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.54% | 177,406 | $121.0M | Add +34960.5% |
| MU Micron Technology Inc. | 1.19% | 326,947 | $93.3M | Add +55.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.16% | 300,097 | $91.2M | Add +34.8% |
| EXAS Exact Sciences Corp. | 1.14% | 881,340 | $89.5M | Add +1952.8% |
| NSC Norfolk Southern Corp. | 1.13% | 308,080 | $88.9M | Add +61.4% |
| SOXX iShares Semiconductor ETF | 1.07% | 280,432 | $84.5M | Reduce -15.0% |
| PDD PDD Holdings Inc. | 1.06% | 733,647 | $83.2M | Add +526.6% |
| IBN Icici Bank Ltd.-Spon ADR | 1.01% | 2,666,414 | $79.5M | Add +431.4% |
| AMZN Amazon.com Inc. | 1.00% | 341,797 | $78.9M | New |
| KVUE Kenvue Inc. | 0.92% | 4,186,784 | $72.2M | Add +3249.4% |
| CLS Celestica Inc. | 0.87% | 232,500 | $68.7M | Add +132.5% |
| TTWO Take-Two Interactive Softwre | 0.85% | 260,003 | $66.6M | Reduce -11.9% |
| CIEN Ciena Corp. | 0.81% | 272,000 | $63.6M | Add +155.4% |
| MSTR Strategy Inc. | 0.80% | 414,952 | $63.1M | Add +24.6% |
| MDB Mongodb Inc. | 0.73% | 137,000 | $57.5M | Reduce -21.9% |
| GTLS Chart Industries Inc. | 0.72% | 274,370 | $56.6M | Add +39.1% |
| GE General Electric filed as GE AEROSPACE | 0.70% | 178,024 | $54.8M | Add +152.6% |
| AXTA Axalta Coating Systems Ltd. | 0.67% | 1,624,000 | $52.5M | New |
| SNDK Sandisk Corp. | 0.61% | 201,016 | $47.7M | Add +77.9% |
| GOOGL Alphabet Inc. Class A | 0.60% | 151,403 | $47.4M | Add +14.3% |
| COIN Coinbase Global Inc. Class A | 0.55% | 190,995 | $43.2M | Reduce -0.3% |
| RNAM Avidity Biosciences Inc. | 0.55% | 598,525 | $43.2M | New |
| INTU Intuit Inc. | 0.55% | 65,006 | $43.1M | New |
| JBL Jabil Inc. | 0.54% | 185,296 | $42.3M | New |
| ZM Zoom Communications Inc. | 0.53% | 479,201 | $41.4M | Add +73.6% |
| WDC Western Digital Corp. | 0.52% | 235,742 | $40.6M | Reduce -45.8% |
| LITE Lumentum Holdings Inc. | 0.51% | 109,274 | $40.3M | Reduce -42.7% |
| TXNM TXNM Energy Inc. | 0.50% | 672,266 | $39.6M | Add +1.1% |
| TECK Teck Resources Ltd.-CLS B | 0.47% | 770,000 | $36.9M | Add +165.5% |
| XBI SS SPDR S&P Biotech ETF | 0.46% | 298,647 | $36.4M | New |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.46% | 564,090 | $36.2M | Add +1028.2% |
| IWM iShares Russell 2000 ETF | 0.45% | 145,169 | $35.7M | New |
| SLV iShares Silver Trust | 0.43% | 520,800 | $33.5M | Add +37.3% |
| HOLX Hologic Inc. | 0.42% | 439,947 | $32.8M | New |
| TWLO Twilio Inc. Class A | 0.41% | 225,000 | $32.0M | Add +12.5% |
| BABA Alibaba Group Holding-SP ADR | 0.40% | 212,321 | $31.1M | Reduce -47.2% |
| DOCN Digitalocean Holdings Inc. | 0.38% | 620,000 | $29.8M | New |
| CSCO Cisco Systems Inc. | 0.38% | 382,713 | $29.5M | Add +10097.5% |
| NGD New Gold Inc. | 0.37% | 3,363,801 | $29.3M | New |
| INTC Intel Corp. | 0.37% | 787,412 | $29.1M | Add +16.4% |
| CTSH Cognizant Tech Solutions-A | 0.37% | 350,000 | $29.1M | New |
| SMTC Semtech Corp. | 0.36% | 386,810 | $28.5M | Add +3768.1% |
| CRWV Coreweave Inc. Class A | 0.36% | 393,294 | $28.2M | Add +174.6% |
| TSEM Tower Semiconductor Ltd. | 0.34% | 230,670 | $27.1M | Add +59.1% |
| ACN Accenture PLC Class A | 0.34% | 100,000 | $26.8M | New |
| COHR Coherent Corp. | 0.33% | 141,073 | $26.0M | Reduce -17.6% |
| CVNA Carvana Co. | 0.32% | 60,000 | $25.3M | Add +1.7% |
| DAY Dayforce Inc. | 0.32% | 358,475 | $24.8M | Add +2292.7% |
| QRVO Qorvo Inc. | 0.31% | 290,159 | $24.5M | Add +729.0% |
| CAR Avis Budget Group Inc. | 0.31% | 189,683 | $24.3M | Add +2052.3% |
| CFLT Confluent Inc. Class A | 0.31% | 799,778 | $24.2M | Add +17185.0% |
| SNOW Snowflake Inc. | 0.30% | 109,000 | $23.9M | New |
| ALNY Alnylam Pharmaceuticals Inc. | 0.30% | 59,022 | $23.5M | New |
| DBRG Digitalbridge Group Inc. | 0.29% | 1,473,700 | $22.6M | Add +181.9% |
| DEO Diageo PLC-Sponsored ADR | 0.28% | 254,304 | $21.9M | Add +917.2% |
| COF Capital One Financial Corp. | 0.28% | 90,003 | $21.8M | New |
| WTRG Essential Utilities Inc. | 0.27% | 559,532 | $21.5M | New |
| ETHA iShares Ethereum Trust ETF | 0.27% | 939,800 | $21.1M | Add +286.8% |
| CUB Lionheart Holdings Class A | 0.27% | 1,980,000 | $21.0M | No change |
| LPAA Launch One Acquisition Corp. | 0.27% | 1,980,000 | $21.0M | No change |
| DMIIU Drugs Made in America Acquis | 0.26% | 2,000,000 | $20.0M | No change |
| ALF Centurion Acquisition Corp. | 0.25% | 1,875,000 | $20.0M | No change |
| TTMI TTM Technologies | 0.25% | 289,000 | $19.9M | Reduce -27.8% |
| FYBR Frontier Communications Pare | 0.25% | 522,519 | $19.9M | Add +75.4% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.25% | 158,668 | $19.7M | Add +239.3% |
| UDR Udr Inc. | 0.25% | 534,450 | $19.6M | Add +30.8% |
| LLYVA Liberty Live Holdings Class A | 0.24% | 233,632 | $19.0M | No change |
| AAPL Apple Inc. | 0.24% | 70,013 | $19.0M | Add +7364.1% |
| VIK Viking Holdings Ltd. | 0.24% | 265,500 | $19.0M | Add +109.2% |
| GDX Vaneck Gold Miners ETF | 0.24% | 220,733 | $18.9M | Add +6.1% |
| ADC Agree Realty Corp. | 0.24% | 261,995 | $18.9M | New |
| PRA Proassurance Corp. | 0.24% | 779,898 | $18.8M | Reduce -13.9% |
| INSM Insmed Inc. | 0.24% | 107,510 | $18.7M | Add +14.5% |
| ELS Equity Lifestyle Properties | 0.23% | 303,929 | $18.4M | New |
| CUBE Cubesmart | 0.23% | 502,061 | $18.1M | Add +55.8% |
| UNIT Uniti Group Inc. | 0.22% | 2,470,000 | $17.3M | Reduce -22.8% |
| GOOG Alphabet Inc. Class C | 0.22% | 54,463 | $17.1M | Add +1261.6% |
| ENTG Entegris Inc. | 0.21% | 200,000 | $16.9M | Add +198.5% |
| MDLN Medline Inc. Class A | 0.21% | 400,000 | $16.8M | New |
| FOLD Amicus Therapeutics Inc. | 0.21% | 1,157,200 | $16.5M | New |
| TGNA Tegna Inc. | 0.21% | 846,363 | $16.4M | Add +164.5% |
| NFLX Netflix Inc. | 0.20% | 171,054 | $16.0M | Add +1201.8% |
| BACC Blue Acquisition Corp. Class A | 0.20% | 1,550,000 | $15.8M | New |
| MACI Melar Acquisition Corp. I-A | 0.20% | 1,485,000 | $15.8M | No change |
| COST Costco Wholesale Corp. | 0.20% | 18,037 | $15.6M | Add +84.4% |
| TLNCU Talon Capital Corp. | 0.20% | 1,500,000 | $15.4M | No change |
| OVV Ovintiv Inc. | 0.20% | 393,312 | $15.4M | Add +1410.9% |
| SONY Sony Group Corp. - SP ADR | 0.20% | 600,000 | $15.4M | Reduce -46.4% |
| LULU Lululemon Athletica Inc. | 0.19% | 73,299 | $15.2M | New |
| NTWO Newbury Street II Ac Class A | 0.19% | 1,450,000 | $15.1M | No change |
Options reported separately and not counted above: GLD calls ($31.2B), EEM calls ($1.1B), MSTR puts ($503.4M), NVDA puts ($477.4M), COIN puts ($395.2M), GME puts ($371.5M), GLD puts ($285.9M), IBIT puts ($276.0M), TSLA puts ($264.1M), META calls ($240.0M), RIVN puts ($228.6M), TLT puts ($219.8M), and 532 more.
Other holdings (255): bonds, preferreds, convertibles and warrants · $2.6B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 128,258,686 | $428.1M | Add +6.2% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 157,100,000 | $243.8M | Reduce -23.2% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 123,000,000 | $136.5M | Add +19.4% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 100,000,000 | $125.4M | Add +3.6% |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 33,500,000 | $116.2M | Reduce -2.9% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 39,500,000 | $90.6M | New |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 65,000,000 | $75.8M | New |
| CYTOKINETICS INC (CYTK 4 11/15/26) | NOTE 4.000%11/1 · principal | 12,500,000 | $75.4M | No change |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 87,500,000 | $71.6M | New |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 32,000,000 | $66.3M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 60,500,000 | $61.9M | No change |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 6,987,579 | $59.1M | Add +0.0% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 55,000,000 | $56.7M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 40,508,000 | $53.7M | Reduce -19.0% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 40,000,000 | $49.1M | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 29,000,000 | $48.8M | New |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 47,500,000 | $45.7M | No change |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | 40,000,000 | $43.9M | Add +14.3% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 27,300,000 | $43.3M | New |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 47,750,000 | $42.3M | Add +66.1% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 45,000,000 | $41.1M | No change |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 48,000,000 | $40.2M | New |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 27,000,000 | $34.5M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 32,000,000 | $33.1M | No change |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 31,550,000 | $31.8M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 30,000,000 | $29.9M | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 22,892,000 | $25.6M | Reduce -16.8% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 26,250,000 | $25.5M | Add +87.5% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 20,000,000 | $23.7M | New |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 18,000,000 | $23.5M | New |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 53,025,000 | $22.9M | Add +76.8% |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 19,910,479 | $22.3M | Reduce -26.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 20,000,000 | $20.1M | New |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 4,337,161 | $17.2M | Add +1.5% |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | 20,000,000 | $16.9M | New |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 1,346,725 | $15.0M | Add +85.8% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 14,300,000 | $12.9M | Add +43.0% |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 15,750,000 | $12.5M | New |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 15,000,000 | $12.2M | No change |
| BEYOND MEAT INC (BYND 7 10/15/30) | DEBT 10/1 · principal | 15,000,000 | $11.3M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 12,500,000 | $11.3M | No change |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 4,338,773 | $11.2M | Add +0.6% |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 8,940,000 | $10.5M | Add +7.1% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 1,305,086 | $9.3M | Add +365.8% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 32,500,000 | $9.2M | Add +30.0% |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 2,664,529 | $7.6M | No change |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 2,114,943 | $7.5M | Add +5.3% |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 10/28/203 | 2,850,610 | $6.0M | New |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 579,126 | $4.5M | Add +39.8% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 2,908,454 | $4.4M | Add +7.0% |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 963,177 | $4.3M | Reduce -5.3% |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 3,932,432 | $3.9M | Add +12.0% |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 2,330,473 | $3.6M | No change |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 409,020 | $3.5M | New |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 760,962 | $3.4M | Add +5.8% |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 2,089,095 | $3.3M | Add +41.0% |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 1,743,162 | $3.1M | Add +9.4% |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 3,151,705 | $3.0M | Add +19.1% |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | 1,492,262 | $2.9M | No change |
| TMCWW TMC the Metals Co. Inc. -CW25I | *W EXP 09/09/202 | 1,990,824 | $2.6M | Add +4643.0% |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 1,386,000 | $2.0M | New |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 724,638 | $2.0M | Add +346.8% |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 1,823,000 | $1.7M | No change |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 670,526 | $1.4M | Reduce -2.7% |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | 1,905,113 | $1.3M | New |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 1,069,986 | $1.2M | Add +1.0% |
| CDROW Codere Online Luxembou -CW | *W EXP 11/23/202 | 1,424,161 | $1.2M | No change |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 1,075,000 | $1.1M | Reduce -80.5% |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 | 667,518 | $975K | New |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 1,010,603 | $884K | Reduce -5.2% |
| PEW.WS Grabagun Digital Holdings Inc. | *W EXP 99/99/999 | 2,354,365 | $883K | Add +4.5% |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 2,946,623 | $866K | Add +0.0% |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 1,691,716 | $846K | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 1,126,956 | $798K | Add +83.1% |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 977,373 | $782K | Add +733.2% |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 1,000,000 | $735K | No change |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 2,517,480 | $679K | Add +22.0% |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 2,977,952 | $594K | No change |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | 607,401 | $553K | Add +203.7% |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 2,804,325 | $533K | No change |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 558,776 | $475K | Add +14.1% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 450,000 | $405K | New |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 500,000 | $400K | New |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 500,000 | $395K | No change |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 450,000 | $366K | No change |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 1,553,238 | $350K | Add +1.8% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 600,000 | $348K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 350,000 | $345K | No change |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 516,471 | $334K | No change |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 600,000 | $330K | No change |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 1,261,014 | $322K | No change |
| HOLLEY INC | *W EXP 11/30/202 | 2,242,360 | $308K | No change |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 | 257,921 | $307K | Add +4.9% |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 505,087 | $303K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 937,500 | $300K | No change |
| AEVAW Interprivate Acquisiti -CW24 | *W EXP 03/12/202 | 2,868,841 | $287K | No change |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 2,501,266 | $281K | No change |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 500,000 | $265K | New |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 623,242 | $256K | No change |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 285,704 | $254K | Reduce -28.6% |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 990,000 | $248K | No change |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 615,000 | $246K | No change |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 850,000 | $245K | No change |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 750,000 | $243K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 425,000 | $233K | No change |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 625,000 | $231K | No change |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 1,089,000 | $223K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 490,000 | $221K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 1,100,000 | $220K | No change |
| ARBEW Arbe Robotics Ltd. -CW26 | *W EXP 99/99/999 | 2,709,313 | $217K | No change |
| EVGO INC | *W EXP 07/01/202 | 2,819,066 | $211K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 2,808,732 | $211K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 521,260 | $209K | Add +14.1% |
| STRATA CRITICAL MEDICAL INC | *W EXP 05/07/202 | 1,881,170 | $203K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 400,000 | $202K | No change |
| STLNW Oncology Institute Inc. CW-22 | *W EXP 99/99/999 | 1,624,856 | $196K | No change |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 600,000 | $194K | No change |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | 281,250 | $191K | No change |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 500,000 | $189K | No change |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 600,000 | $186K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 266,666 | $183K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 725,000 | $182K | No change |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 200,139 | $180K | New |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 88,629 | $179K | Add +73.8% |
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | 5,317 | $177K | Reduce -79.6% |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 200,000 | $177K | No change |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 501,235 | $175K | No change |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 350,000 | $175K | Add +0.0% |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 990,000 | $168K | No change |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 612,500 | $165K | No change |
| HPAIW Helport AI Ltd. -29 | *W EXP 03/31/202 | 1,034,486 | $165K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 175,000 | $163K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 333,332 | $160K | No change |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 500,000 | $160K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 500,000 | $158K | No change |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 500,000 | $158K | No change |
| RAINW Rain Enhancement-CW 29 | *W EXP 12/31/202 | 611,776 | $153K | Add +19.5% |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 204,300 | $143K | No change |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 425,000 | $140K | No change |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 307,509 | $138K | Add +20.0% |
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | 288,827 | $133K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 300,000 | $129K | No change |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 450,000 | $126K | No change |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 400,000 | $124K | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 1,644,337 | $124K | No change |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 333,333 | $124K | No change |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 300,000 | $120K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 500,000 | $120K | No change |
| T1 ENERGY INC | *W EXP 07/09/202 | 101,947 | $119K | New |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 75,000 | $116K | Add +200.0% |
| MVSTW Microvast Hold Inc.-CW26 | *W EXP 07/23/202 | 1,181,416 | $112K | No change |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,122 | $112K | Reduce -97.8% |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 443,751 | $111K | No change |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 897,392 | $108K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 490,000 | $106K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 742,500 | $104K | No change |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 2,135,439 | $101K | No change |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 359,382 | $101K | Add +40.1% |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 32,990 | $99K | Add +323.2% |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 750,000 | $98K | No change |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 1,549,445 | $97K | No change |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 500,000 | $94K | No change |
| TBLAW Taboola.com Ltd. -CW27 | *W EXP 99/99/999 | 1,796,134 | $85K | No change |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 48,328 | $85K | No change |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 538,182 | $82K | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 1,187,728 | $73K | No change |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 2,341,738 | $71K | No change |
| SEATW Vivid Seats Inc. -CW26 | *W EXP 10/18/202 | 1,321,790 | $71K | No change |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 400,000 | $70K | No change |
| BKSYW Blacksky Technology -CW24 | *W EXP 09/09/202 | 1,353,603 | $69K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 250,000 | $68K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 95,000 | $67K | No change |
| MCGAW Yorkville Acquisition - 30 | *W EXP 06/06/203 | 133,332 | $67K | No change |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | 1,188,001 | $65K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 400,000 | $64K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 2,444,027 | $62K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 150,000 | $62K | No change |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 3,272,614 | $58K | No change |
| NUAIW New Era Helium Inc. -29 | *W EXP 12/06/202 | 69,309 | $57K | New |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | 267,051 | $53K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 300,000 | $51K | No change |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | 1,239,370 | $50K | No change |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 166,666 | $47K | No change |
| OUSTZ Ouster Inc. -CW25 | *W EXP 03/11/202 | 684,305 | $44K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 4,834,590 | $43K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 100,000 | $42K | No change |
| PRENW Prenetics Global Ltd. -CW26 | *W EXP 05/18/202 | 1,303,861 | $39K | No change |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 112,986 | $38K | No change |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 70,000 | $36K | New |
| TGE.WS Generation Essentials - 30 | *W EXP 02/15/202 | 241,666 | $36K | No change |
| FUSEW CSLM Holdings Inc. - 30 | *W EXP 10/22/203 | 496,360 | $31K | New |
| EUDAW 8I Acquisition 2 Corp. -CW22 | *W EXP 11/22/202 | 300,000 | $30K | No change |
| VLNWF Valens Semiconductor -CW26 | *W EXP 09/30/202 | 1,021,724 | $26K | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 2,546,924 | $25K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 73,510 | $24K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 87,500 | $24K | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 3,144,830 | $22K | No change |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 69,600 | $22K | No change |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | 391,284 | $20K | Reduce -13.3% |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 343,010 | $19K | No change |
Largest 200 of 255 shown.
Total filed on the 13F, all lines: $10.4B.
Portfolio Sells Q3 2025 → Q4 2025
| K Kellanova | Sold out | 0.00% | −4.24 |
| HPE Hewlett Packard Enterprise | Reduce -99.5% | 0.00% | −1.28 |
| MSFT Microsoft Corp. | Reduce -79.9% | 0.16% | −1.15 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −1.12 |
| MRVL Marvell Technology Inc. | Reduce -98.4% | 0.01% | −1.11 |
| BABA Alibaba Group Holding-SP ADR | Reduce -47.2% | 0.40% | −0.99 |
| TSLA Tesla Inc. | Reduce -93.8% | 0.04% | −0.85 |
| AMAT Applied Materials Inc. | Reduce -85.1% | 0.11% | −0.81 |
| MRUS Merus NV | Sold out | 0.00% | −0.71 |
| COIN Coinbase Global Inc. Class A | Reduce -0.3% | 0.55% | −0.69 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.66 |
| CRH CRH PLC | Sold out | 0.00% | −0.65 |
| SOXX iShares Semiconductor ETF | Reduce -15.0% | 1.07% | −0.65 |
| NTNX Nutanix Inc. Class A | Reduce -96.7% | 0.01% | −0.63 |
| TTWO Take-Two Interactive Softwre | Reduce -11.9% | 0.85% | −0.62 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.60 |
| ECHO Echostar Corp. Class A | Reduce -20.8% | 1.68% | −0.57 |
| LBRDK Liberty Broadband-C | Reduce -62.1% | 0.12% | −0.49 |
| WDC Western Digital Corp. | Reduce -45.8% | 0.52% | −0.49 |
| ALE Allete Inc. | Sold out | 0.00% | −0.44 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.43 |
| SONY Sony Group Corp. - SP ADR | Reduce -46.4% | 0.20% | −0.42 |
| NOK Nokia Corp.-Spon ADR | Reduce -87.0% | 0.05% | −0.41 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.40 |
| SCS Steelcase Inc. Class A | Sold out | 0.00% | −0.38 |
| RBRK Rubrik Inc. Class A | Sold out | 0.00% | −0.38 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.37 |
| O Realty Income Corp. | Reduce -97.4% | 0.01% | −0.36 |
| ORCL Oracle Corp. | Reduce -60.4% | 0.08% | −0.35 |
| ADSK Autodesk Inc. | Reduce -97.7% | 0.00% | −0.33 |
| GSK GSK PLC-Spon ADR | Sold out | 0.00% | −0.32 |
| UNH Unitedhealth Group Inc. | Reduce -75.4% | 0.06% | −0.32 |
| MDB Mongodb Inc. | Reduce -21.9% | 0.73% | −0.32 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.31 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.31 |
| VACH Voyager Acquisition Corp. | Reduce -52.2% | 0.14% | −0.30 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.29 |
| ETNB 89BIO Inc. | Sold out | 0.00% | −0.28 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.27 |
| EA Electronic Arts Inc. | Reduce -92.2% | 0.01% | −0.26 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.25 |
| GLD SPDR Gold Shares | Reduce -53.9% | 0.13% | −0.25 |
| META Meta Platforms Inc. Class A | Reduce -72.2% | 0.05% | −0.23 |
| ANET Arista Networks Inc. | Reduce -70.1% | 0.05% | −0.23 |
| IMSR Terrestrial Energy Inc. | Sold out | 0.00% | −0.23 |
| TRIP Tripadvisor Inc. | Sold out | 0.00% | −0.22 |
| CVLT Commvault Systems Inc. | Reduce -37.5% | 0.08% | −0.21 |
| FLR Fluor Corp. | Reduce -34.7% | 0.14% | −0.21 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −0.20 |
| JD Jd.com Inc.-ADR | Reduce -98.2% | 0.00% | −0.20 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Add +593.3% | 9.07% | +7.14 |
| NVDA Nvidia Corp. | Add +296.7% | 4.25% | +2.63 |
| QQQ Invesco QQQ Trust Series 1 | Add +543.4% | 2.00% | +1.54 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +34960.5% | 1.54% | +1.53 |
| WBD Warner Bros Discovery Inc. | Add +871.3% | 1.64% | +1.47 |
| MUB iShares National Muni Bond E | Add +398.3% | 2.04% | +1.42 |
| EXAS Exact Sciences Corp. | Add +1952.8% | 1.14% | +1.09 |
| AMZN Amazon.com Inc. | New | 1.00% | +1.00 |
| KVUE Kenvue Inc. | Add +3249.4% | 0.92% | +0.88 |
| PDD PDD Holdings Inc. | Add +526.6% | 1.06% | +0.76 |
| IBN Icici Bank Ltd.-Spon ADR | Add +431.4% | 1.01% | +0.72 |
| AXTA Axalta Coating Systems Ltd. | New | 0.67% | +0.67 |
| RNAM Avidity Biosciences Inc. | New | 0.55% | +0.55 |
| INTU Intuit Inc. | New | 0.55% | +0.55 |
| JBL Jabil Inc. | New | 0.54% | +0.54 |
| MU Micron Technology Inc. | Add +55.7% | 1.19% | +0.51 |
| CIEN Ciena Corp. | Add +155.4% | 0.81% | +0.51 |
| XBI SS SPDR S&P Biotech ETF | New | 0.46% | +0.46 |
| IWM iShares Russell 2000 ETF | New | 0.45% | +0.45 |
| HOLX Hologic Inc. | New | 0.42% | +0.42 |
| CLS Celestica Inc. | Add +132.5% | 0.87% | +0.40 |
| AL Sumisho Air Lease Corp. | Add +1028.2% | 0.46% | +0.40 |
| DOCN Digitalocean Holdings Inc. | New | 0.38% | +0.38 |
| NGD New Gold Inc. | New | 0.37% | +0.37 |
| CSCO Cisco Systems Inc. | Add +10097.5% | 0.38% | +0.37 |
| CTSH Cognizant Tech Solutions-A | New | 0.37% | +0.37 |
| SNDK Sandisk Corp. | Add +77.9% | 0.61% | +0.36 |
| SMTC Semtech Corp. | Add +3768.1% | 0.36% | +0.35 |
| ACN Accenture PLC Class A | New | 0.34% | +0.34 |
| CFLT Confluent Inc. Class A | Add +17185.0% | 0.31% | +0.31 |
| SNOW Snowflake Inc. | New | 0.30% | +0.30 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.30% | +0.30 |
| DAY Dayforce Inc. | Add +2292.7% | 0.32% | +0.30 |
| GE General Electric | Add +152.6% | 0.70% | +0.29 |
| CAR Avis Budget Group Inc. | Add +2052.3% | 0.31% | +0.28 |
| COF Capital One Financial Corp. | New | 0.28% | +0.28 |
| WTRG Essential Utilities Inc. | New | 0.27% | +0.27 |
| QRVO Qorvo Inc. | Add +729.0% | 0.31% | +0.25 |
| ADC Agree Realty Corp. | New | 0.24% | +0.24 |
| AAPL Apple Inc. | Add +7364.1% | 0.24% | +0.24 |
| ELS Equity Lifestyle Properties | New | 0.23% | +0.23 |
| DEO Diageo PLC-Sponsored ADR | Add +917.2% | 0.28% | +0.23 |
| TECK Teck Resources Ltd.-CLS B | Add +165.5% | 0.47% | +0.22 |
| MDLN Medline Inc. Class A | New | 0.21% | +0.21 |
| FOLD Amicus Therapeutics Inc. | New | 0.21% | +0.21 |
| BACC Blue Acquisition Corp. Class A | New | 0.20% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +1261.6% | 0.22% | +0.20 |
| LULU Lululemon Athletica Inc. | New | 0.19% | +0.19 |
| IRHOU Iron Horse Acquisition II Co. | New | 0.19% | +0.19 |
| GTY Getty Realty Corp. | New | 0.19% | +0.19 |
Options Activity Q3 2025 → Q4 2025
| GLD SPDR Gold Shares | call | Add +38045.6% | 78,656,200 | $31.2B |
| XLI SS Industrial Select Sector | call | Sold out | 20,000,000 | $3.1Bbefore exit |
| MSTR Strategy Inc. | put | Add +1.4% | 3,313,000 | $503.4M |
| NVDA Nvidia Corp. | put | Add +73.6% | 2,559,700 | $477.4M |
| COIN Coinbase Global Inc. Class A | put | Add +201.6% | 1,747,600 | $395.2M |
| GME Gamestop Corp. Class A | put | Add +15.5% | 18,502,800 | $371.5M |
| GLD SPDR Gold Shares | put | Add +621.5% | 721,500 | $285.9M |
| IBIT iShares Bitcoin Trust ETF | put | Add +109.0% | 5,558,600 | $276.0M |
| TSLA Tesla Inc. | put | Add +284.0% | 587,200 | $264.1M |
| META Meta Platforms Inc. Class A | call | Add +2158.4% | 363,600 | $240.0M |
| RIVN Rivian Automotive Inc. Class A | put | Add +3.2% | 11,599,400 | $228.6M |
| TLT iShares 20+ Year Treasury BD | put | Add +278.0% | 2,522,200 | $219.8M |
| SLV iShares Silver Trust | put | Add +587.8% | 2,751,300 | $177.2M |
| NVDA Nvidia Corp. | call | Add +43.1% | 937,200 | $174.8M |
| UNH Unitedhealth Group Inc. | call | Add +40.8% | 470,300 | $155.3M |
| PDD PDD Holdings Inc. | put | Add +4.9% | 1,299,700 | $147.4M |
| FSLR First Solar Inc. | call | Add +128.3% | 549,699 | $143.6M |
| BABA Alibaba Group Holding-SP ADR | put | Reduce -14.4% | 872,400 | $127.9M |
| SLV iShares Silver Trust | call | Reduce -90.4% | 1,926,100 | $124.1M |
| MSTR Strategy Inc. | call | Add +62.5% | 815,900 | $124.0M |
| IWM iShares Russell 2000 ETF | put | New | 500,000 | $123.1M |
| NVS Novartis AG-Sponsored ADR | put | Add +565.2% | 862,800 | $119.0M |
| MSFT Microsoft Corp. | call | Add +2310.8% | 245,900 | $118.9M |
| AMZN Amazon.com Inc. | call | Add +143.0% | 513,700 | $118.6M |
| ORCL Oracle Corp. | put | Add +1418.8% | 607,500 | $118.4M |
| DD Dupont DE Nemours Inc. | call | Sold out | 1,398,200 | $108.9Mbefore exit |
| TSLA Tesla Inc. | call | Add +5.0% | 239,000 | $107.5M |
| FSLR First Solar Inc. | put | Add +2.9% | 389,465 | $101.7M |
| PDD PDD Holdings Inc. | call | Reduce -9.5% | 885,500 | $100.4M |
| MARA Mara Holdings Inc. | put | Add +1.9% | 10,761,600 | $96.6M |
| IEF iShares 7-10 Year Treasury B | put | Sold out | 1,000,000 | $96.5Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -71.4% | 140,000 | $95.5M |
| WBD Warner Bros Discovery Inc. | put | Add +126.4% | 3,223,700 | $92.9M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -86.7% | 1,126,200 | $90.8M |
| AMZN Amazon.com Inc. | put | Add +1667.6% | 387,100 | $89.4M |
| GOOGL Alphabet Inc. Class A | put | Add +3042.9% | 264,000 | $82.6M |
| FCX Freeport-McMoran Inc. | call | Add +1.1% | 1,570,700 | $79.8M |
| SMCI Super Micro Computer Inc. | put | Add +283.9% | 2,651,300 | $77.6M |
| AAPL Apple Inc. | put | Add +3129.6% | 261,600 | $71.1M |
| BABA Alibaba Group Holding-SP ADR | call | Reduce -44.7% | 475,000 | $69.6M |
| WDC Western Digital Corp. | call | Reduce -14.5% | 369,000 | $63.6M |
| GDX Vaneck Gold Miners ETF | put | Add +270.0% | 740,000 | $63.5M |
| SOXL Direx Dail Semi Bu 3X Et-Usd | call | Add +50.0% | 1,500,000 | $63.0M |
| CAR Avis Budget Group Inc. | put | Add +324.5% | 489,000 | $62.7M |
| ARGX Argenx SE - ADR | call | Reduce -42.0% | 74,000 | $62.2M |
| AAPL Apple Inc. | call | Add +595.7% | 225,400 | $61.3M |
| XBI SS SPDR S&P Biotech ETF | put | New | 500,000 | $61.0M |
| ECHO Echostar Corp. Class A | put | Reduce -21.5% | 549,600 | $59.7M |
| COIN Coinbase Global Inc. Class A | call | Add +89.7% | 258,900 | $58.5M |
| GOOGL Alphabet Inc. Class A | call | Add +357.6% | 182,600 | $57.2M |
Showing the first 50 of 455.
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
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +6.2% | 128,258,686 | $428.1M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -23.2% | 157,100,000 | $243.8M |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | Add +19.4% | 123,000,000 | $136.5M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +3.6% | 100,000,000 | $125.4M |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | Reduce -2.9% | 33,500,000 | $116.2M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | New | 39,500,000 | $90.6M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Sold out | 55,000,000 | $89.1Mbefore exit |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | New | 65,000,000 | $75.8M |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 87,500,000 | $71.6M |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Add +0.0% | 6,987,579 | $59.1M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -19.0% | 40,508,000 | $53.7M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | New | 29,000,000 | $48.8M |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | Add +14.3% | 40,000,000 | $43.9M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 27,300,000 | $43.3M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +66.1% | 47,750,000 | $42.3M |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | New | 48,000,000 | $40.2M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Sold out | 25,000,000 | $38.0Mbefore exit |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | Sold out | 23,000,000 | $33.8Mbefore exit |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 31,035,000 | $30.8Mbefore exit |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Sold out | 30,600,000 | $30.1Mbefore exit |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Sold out | 30,000,000 | $29.7Mbefore exit |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -16.8% | 22,892,000 | $25.6M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | Add +87.5% | 26,250,000 | $25.5M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 15,000,000 | $24.7Mbefore exit |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | New | 20,000,000 | $23.7M |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | New | 18,000,000 | $23.5M |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | Add +76.8% | 53,025,000 | $22.9M |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | Reduce -26.0% | 19,910,479 | $22.3M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Sold out | 20,000,000 | $22.2Mbefore exit |
| USA RARE EARTH INC | *W EXP 03/13/203 | Sold out | 2,868,494 | $20.7Mbefore exit |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Sold out | 19,000,000 | $20.2Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 20,000,000 | $20.1M |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | Add +1.5% | 4,337,161 | $17.2M |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | New | 20,000,000 | $16.9M |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Add +85.8% | 1,346,725 | $15.0M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Add +43.0% | 14,300,000 | $12.9M |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | New | 15,750,000 | $12.5M |
| LUMINAR TECHNOLOGIES INC (LAZR 11.5 01/15/30) | DEBT 11.500% 1/1 · principal | Sold out | 31,320,000 | $11.3Mbefore exit |
| BEYOND MEAT INC (BYND 7 10/15/30) | DEBT 10/1 · principal | New | 15,000,000 | $11.3M |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | Add +0.6% | 4,338,773 | $11.2M |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | Add +7.1% | 8,940,000 | $10.5M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Sold out | 10,000,000 | $10.0Mbefore exit |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | Sold out | 50,000,000 | $9.9Mbefore exit |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | Sold out | 1,602,973 | $9.6Mbefore exit |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | Add +365.8% | 1,305,086 | $9.3M |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | Add +30.0% | 32,500,000 | $9.2M |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | Add +5.3% | 2,114,943 | $7.5M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Sold out | 6,500,000 | $6.1Mbefore exit |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 10/28/203 | New | 2,850,610 | $6.0M |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | Add +39.8% | 579,126 | $4.5M |
Showing the first 50 of 126.
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 |