Lombard Odier Asset Management (USA) Corp
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Lombard Odier Asset Management (USA) Corp reported 129 stock positions worth $239.1 million. Its top holding was Nexxen International (NEXN) at 3.4% of the portfolio, followed by Newmont (NEM, 3.0%) and Waste Management (WM, 2.8%). Compared with Q4 2024, it opened 53 new positions, sold out of 132, added to 51 and reduced 23. The biggest buy was a new position in Nexxen International (NEXN) and the biggest sale an exit from SS Energy Select Sector (XLE).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001491719
- Portfolio Value
- $239.1M (Q1 2025)
- SEC Filing
- 0000908834-25-000173 ↗ filed May 15, 2025
Holdings Value
Holdings 129 stocks · $239.1M
| NEXN Nexxen International Ltd. | 3.42% | 1,263,835 | $8.2M | New |
| NEM Newmont Corp. | 3.04% | 150,543 | $7.3M | Add +39.4% |
| WM Waste Management Inc. | 2.80% | 28,876 | $6.7M | New |
| RSG Republic Services Inc. | 2.76% | 27,242 | $6.6M | New |
| ORLY O'reilly Automotive Inc. | 2.54% | 4,245 | $6.1M | Add +1353.8% |
| VZ Verizon Communications Inc. | 2.09% | 110,000 | $5.0M | Reduce -13.0% |
| MCK McKesson Corp. | 2.05% | 7,288 | $4.9M | New |
| BMI Badger Meter Inc. | 1.84% | 23,181 | $4.4M | Add +178.6% |
| AER Aercap Holdings NV | 1.74% | 40,657 | $4.2M | New |
| SLN Silence Therapeutics PLC-ADR | 1.69% | 1,849,734 | $4.0M | Reduce -0.3% |
| TRI Thomson Reuters Corp. | 1.61% | 22,324 | $3.9M | Add +736.1% |
| BERY Berry Global Group Inc. | 1.52% | 51,934 | $3.6M | Reduce -15.2% |
| REVG Rev Group Inc. | 1.48% | 112,034 | $3.5M | Add +21.8% |
| FLUT Flutter Entertainment PLC-Di | 1.48% | 15,975 | $3.5M | Add +110.2% |
| RBA RB Global Inc. | 1.47% | 35,000 | $3.5M | New |
| WTRG Essential Utilities Inc. | 1.44% | 86,879 | $3.4M | New |
| XOP SS SPDR S&P Og Exp & Prod | 1.43% | 26,000 | $3.4M | No change |
| AN Autonation Inc. | 1.42% | 21,000 | $3.4M | Add +127.0% |
| APTV Aptiv PLC | 1.40% | 56,217 | $3.3M | Add +84.9% |
| NBN Northeast Bank | 1.38% | 36,000 | $3.3M | Add +20.0% |
| STLD Steel Dynamics Inc. | 1.31% | 24,997 | $3.1M | Add +150.0% |
| CCK Crown Holdings Inc. | 1.31% | 35,000 | $3.1M | Add +20.7% |
| AZO AutoZone Inc. | 1.25% | 784 | $3.0M | Add +409.1% |
| GFL GFL Environmental Inc.-Sub VT | 1.21% | 60,000 | $2.9M | New |
| CZR Caesars Entertainment Inc. | 1.21% | 115,636 | $2.9M | Add +27.6% |
| PM Philip Morris International | 1.16% | 17,500 | $2.8M | Add +6.1% |
| AGO Assured Guaranty Ltd. | 1.16% | 31,467 | $2.8M | Reduce -9.2% |
| PFGC Performance Food Group Co. | 1.15% | 35,000 | $2.8M | Add +59.1% |
| BKR Baker Hughes Co. | 1.15% | 62,286 | $2.7M | Add +32.5% |
| NUE Nucor Corp. | 1.13% | 22,500 | $2.7M | Add +125.0% |
| APO Apollo Global Management Inc. | 1.09% | 19,000 | $2.6M | Add +65.2% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.09% | 2,628 | $2.6M | New |
| LAUR Laureate Education Inc. | 1.07% | 125,310 | $2.6M | Reduce -4.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.06% | 7,337 | $2.5M | Add +320.5% |
| NBR Nabors Industries Ltd. | 1.05% | 60,000 | $2.5M | Add +39.5% |
| DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN | 1.02% | 600,200 | $2.4M | Add +15.7% |
| BBW Build-A-Bear Workshop Inc. | 1.01% | 65,000 | $2.4M | Add +60.7% |
| WPM Wheaton Precious Metals Corp. | 1.01% | 31,045 | $2.4M | Add +28.1% |
| EXPE Expedia Group Inc. | 0.98% | 14,000 | $2.4M | Reduce -42.9% |
| INTC Intel Corp. | 0.98% | 103,249 | $2.3M | Add +106.5% |
| MSI Motorola Solutions Inc. | 0.95% | 5,209 | $2.3M | New |
| TMHC Taylor Morrison Home Corp. | 0.93% | 37,018 | $2.2M | Add +14.4% |
| LPX Louisiana-Pacific Corp. | 0.92% | 24,000 | $2.2M | Add +71.4% |
| CLF Cleveland-Cliffs Inc. | 0.89% | 260,000 | $2.1M | Add +11.1% |
| HWM Howmet Aerospace Inc. | 0.87% | 16,034 | $2.1M | Reduce -3.5% |
| NRG NRG Energy Inc. | 0.87% | 21,721 | $2.1M | Add +59.6% |
| OPCH Option Care Health Inc. | 0.86% | 59,139 | $2.1M | Reduce -51.5% |
| GLNG Golar LNG Ltd. | 0.84% | 53,060 | $2.0M | Add +41.5% |
| NXPI NXP Semiconductors NV | 0.84% | 10,554 | $2.0M | New |
| SNDK Sandisk Corp. | 0.80% | 40,000 | $1.9M | New |
| GDX Vaneck Gold Miners ETF | 0.77% | 40,000 | $1.8M | Reduce -75.0% |
| MPC Marathon Petroleum Corp. | 0.73% | 12,000 | $1.7M | New |
| LB Landbridge Co. LLC-A | 0.72% | 23,782 | $1.7M | Add +43.5% |
| BRO Brown & Brown Inc. | 0.69% | 13,277 | $1.7M | New |
| DAR Darling Ingredients Inc. | 0.67% | 50,959 | $1.6M | Add +59.4% |
| HEI Heico Corp. | 0.66% | 5,932 | $1.6M | New |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.65% | 43,139 | $1.6M | Add +34.6% |
| CCJ Cameco Corp. | 0.65% | 37,500 | $1.5M | Add +87.5% |
| WSO Watsco Inc. | 0.64% | 3,017 | $1.5M | Add +83.0% |
| PRGO Perrigo Co. PLC | 0.63% | 53,854 | $1.5M | Reduce -13.5% |
| SIMO Silicon Motion Technol-ADR | 0.61% | 28,868 | $1.5M | New |
| DMRC Digimarc Corp. | 0.57% | 106,000 | $1.4M | Add +98.1% |
| SGHC Super Group SGHC Ltd. | 0.55% | 205,000 | $1.3M | New |
| VST Vistra Corp. | 0.54% | 10,951 | $1.3M | Add +103.9% |
| BABA Alibaba Group Holding-SP ADR | 0.51% | 9,200 | $1.2M | Reduce -3.2% |
| KEX Kirby Corp. | 0.50% | 11,787 | $1.2M | New |
| PD Pagerduty Inc. | 0.50% | 64,980 | $1.2M | New |
| GT Goodyear Tire & Rubber Co. | 0.50% | 128,300 | $1.2M | Reduce -17.3% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.49% | 27,957 | $1.2M | Add +25.3% |
| GTM Zoominfo Technologies Inc. | 0.49% | 117,500 | $1.2M | New |
| CENX Century Aluminum Company | 0.49% | 63,136 | $1.2M | Add +68.0% |
| CRS Carpenter Technology | 0.49% | 6,460 | $1.2M | New |
| MUR Murphy Oil Corp. | 0.48% | 40,500 | $1.2M | Add +6.6% |
| MRVL Marvell Technology Inc. | 0.48% | 18,648 | $1.1M | Add +186.9% |
| BBSI Barrett Business SVCS Inc. | 0.47% | 27,500 | $1.1M | New |
| ALIT Alight Inc. Class A | 0.47% | 188,926 | $1.1M | Add +76.1% |
| CHRW C.H. Robinson Worldwide Inc. | 0.47% | 10,897 | $1.1M | New |
| BLDR Builders Firstsource Inc. | 0.47% | 8,929 | $1.1M | Reduce -10.1% |
| COHR Coherent Corp. | 0.46% | 17,112 | $1.1M | Add +101.3% |
| PCT Purecycle Technologies Inc. | 0.46% | 160,000 | $1.1M | Add +177.2% |
| APD Air Products & Chemicals Inc. | 0.44% | 3,598 | $1.1M | New |
| DRVN Driven Brands Holdings Inc. | 0.41% | 57,413 | $984K | Add +52.6% |
| EXE Expand Energy Corp. | 0.40% | 8,675 | $966K | New |
| RTX RTX Corp. | 0.40% | 7,207 | $955K | New |
| CNNE Cannae Holdings Inc. | 0.40% | 52,055 | $954K | Add +183.7% |
| HAL Halliburton Co. | 0.39% | 36,500 | $926K | Add +9.0% |
| MGM MGM Resorts International | 0.38% | 30,500 | $904K | Add +17.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.38% | 21,500 | $899K | Reduce -8.5% |
| CASY Casey's General Stores Inc. | 0.36% | 1,989 | $863K | New |
| MSFT Microsoft Corp. | 0.36% | 2,268 | $851K | New |
| MUSA Murphy USA Inc. | 0.35% | 1,785 | $839K | Add +157.6% |
| AMZN Amazon.com Inc. | 0.35% | 4,400 | $837K | Reduce -2.2% |
| MHK Mohawk Industries Inc. | 0.35% | 7,259 | $829K | New |
| TECK Teck Resources Ltd.-CLS B | 0.35% | 22,739 | $828K | New |
| TDG Transdigm Group Inc. | 0.34% | 593 | $820K | New |
| GOOGL Alphabet Inc. Class A | 0.34% | 5,200 | $804K | Reduce -3.7% |
| UBER Uber Technologies Inc. | 0.34% | 11,000 | $801K | New |
| DLTR Dollar Tree Inc. | 0.33% | 10,624 | $798K | Add +123.7% |
| PHM Pultegroup Inc. | 0.32% | 7,523 | $773K | New |
| XPO Xpo Inc. | 0.32% | 7,109 | $765K | New |
| AGCO Agco Corp. | 0.32% | 8,174 | $757K | New |
| M Macy's Inc. | 0.32% | 60,000 | $754K | No change |
| FWRD Forward Air Corp. | 0.31% | 37,230 | $748K | Add +132.7% |
| GEV GE Vernova Inc. | 0.30% | 2,361 | $721K | Reduce -22.9% |
| DAL Delta Air Lines Inc. | 0.29% | 16,091 | $702K | Reduce -2.5% |
| UAL United Airlines Holdings Inc. | 0.29% | 10,106 | $698K | Reduce -36.8% |
| TLN Talen Energy Corp. | 0.28% | 3,343 | $667K | New |
| SMWB Similarweb Ltd. | 0.28% | 80,000 | $662K | New |
| CCL Carnival Corp. | 0.25% | 30,843 | $602K | New |
| GFF Griffon Corp. | 0.24% | 7,903 | $565K | New |
| SHW The Sherwin-Williams Co. | 0.23% | 1,586 | $554K | New |
| LEN Lennar Corp. Class A | 0.23% | 4,812 | $552K | Reduce -17.5% |
| WTTR Select Water Solutions Inc. | 0.23% | 52,206 | $548K | New |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.23% | 21,221 | $538K | New |
| QXO Qxo Inc. | 0.21% | 37,482 | $508K | New |
| FND Floor & Decor Holdings Inc. Class A | 0.21% | 6,124 | $493K | New |
| LEA Lear Corp. | 0.19% | 5,239 | $462K | New |
| NSC Norfolk Southern Corp. | 0.19% | 1,941 | $460K | New |
| HUBG Hub Group Inc. Class A | 0.18% | 11,360 | $422K | New |
| DBRG Digitalbridge Group Inc. | 0.17% | 46,748 | $412K | Reduce -35.3% |
| MATX Matson Inc. | 0.17% | 3,118 | $400K | New |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.16% | 2,587 | $383K | New |
| CYH Community Health Systems Inc. | 0.15% | 134,000 | $362K | Add +0.8% |
| PRM Perimeter Solutions Inc. | 0.15% | 34,979 | $352K | New |
| DHI D.R. Horton Inc. | 0.13% | 2,500 | $318K | New |
| ALLY Ally Financial Inc. | 0.12% | 7,727 | $282K | New |
| MRCY Mercury Systems Inc. | 0.12% | 6,381 | $275K | Reduce -30.8% |
| STKL Sunopta Inc. | 0.10% | 50,135 | $244K | Reduce -69.2% |
| KWEB Kranesh Csi China Internet | 0.09% | 6,208 | $217K | New |
Options reported separately and not counted above: SPY puts ($176.8M), AAL puts ($162.2M), XOP puts ($65.9M), TLT puts ($46.0M), GDX puts ($46.0M), NCLH puts ($35.5M), CAR puts ($31.6M), BHC puts ($31.5M), BMY calls ($29.0M), CMCSA calls ($24.0M), PFE calls ($22.8M), IBM calls ($18.6M), and 54 more.
Other holdings (3): bonds, preferreds, convertibles and warrants · $57.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 20,000,000 | $28.3M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 15,000,000 | $14.5M | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 14,500,000 | $14.1M | No change |
Total filed on the 13F, all lines: $296.1M.
Portfolio Sells Q4 2024 → Q1 2025
| XLE SS Energy Select Sector | Sold out | 0.00% | −5.04 |
| SLN Silence Therapeutics PLC-ADR | Reduce -0.3% | 1.69% | −2.76 |
| GDX Vaneck Gold Miners ETF | Reduce -75.0% | 0.77% | −1.60 |
| FE Firstenergy Corp. | Sold out | 0.00% | −1.36 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.31 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −1.21 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −1.08 |
| D Dominion Energy Inc. | Sold out | 0.00% | −1.05 |
| EXPE Expedia Group Inc. | Reduce -42.9% | 0.98% | −1.01 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.95 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.90 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.88 |
| MAN Manpowergroup Inc. | Sold out | 0.00% | −0.73 |
| WEN The Wendy's Co. | Sold out | 0.00% | −0.71 |
| VVV Valvoline Inc. | Sold out | 0.00% | −0.71 |
| TAC Transalta Corp. | Sold out | 0.00% | −0.70 |
| ACA Arcosa Inc. | Sold out | 0.00% | −0.66 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.63 |
| CRC California Resources Corp. | Sold out | 0.00% | −0.59 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.58 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.58 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.58 |
| GSM Ferroglobe PLC | Sold out | 0.00% | −0.53 |
| CDW CDW Corp. | Sold out | 0.00% | −0.53 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.49 |
| CEG Constellation Energy | Sold out | 0.00% | −0.49 |
| TKO Tko Group Holdings Inc. | Sold out | 0.00% | −0.49 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.49 |
| ALLE Allegion PLC | Sold out | 0.00% | −0.47 |
| STKL Sunopta Inc. | Reduce -69.2% | 0.10% | −0.45 |
| AGX Argan Inc. | Sold out | 0.00% | −0.43 |
| DIN Dine Brands Global Inc. | Sold out | 0.00% | −0.40 |
| EAT Brinker International Inc. | Sold out | 0.00% | −0.40 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.40 |
| UAL United Airlines Holdings Inc. | Reduce -36.8% | 0.29% | −0.39 |
| OPCH Option Care Health Inc. | Reduce -51.5% | 0.86% | −0.37 |
| GO Grocery Outlet Holding Corp. | Sold out | 0.00% | −0.37 |
| SAH Sonic Automotive Inc. Class A | Sold out | 0.00% | −0.36 |
| MMS Maximus Inc. | Sold out | 0.00% | −0.36 |
| ALRM Alarm.com Holdings Inc. | Sold out | 0.00% | −0.35 |
| AMPS Altus Power Inc. | Sold out | 0.00% | −0.34 |
| EFOR Everforth Inc. | Sold out | 0.00% | −0.34 |
| NPWR Net Power Inc. | Sold out | 0.00% | −0.33 |
| TRU Transunion | Sold out | 0.00% | −0.33 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.33 |
| LUMN Lumen Technologies Inc. | Sold out | 0.00% | −0.32 |
| CLX Clorox Company | Sold out | 0.00% | −0.32 |
| INVZ Innoviz Technologies Ltd. | Sold out | 0.00% | −0.31 |
| SNX TD Synnex Corp. | Sold out | 0.00% | −0.31 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.31 |
Portfolio Buys Q4 2024 → Q1 2025
| NEXN Nexxen International Ltd. | New | 3.42% | +3.42 |
| WM Waste Management Inc. | New | 2.80% | +2.80 |
| RSG Republic Services Inc. | New | 2.76% | +2.76 |
| ORLY O'reilly Automotive Inc. | Add +1353.8% | 2.54% | +2.39 |
| MCK McKesson Corp. | New | 2.05% | +2.05 |
| AER Aercap Holdings NV | New | 1.74% | +1.74 |
| RBA RB Global Inc. | New | 1.47% | +1.47 |
| WTRG Essential Utilities Inc. | New | 1.44% | +1.44 |
| TRI Thomson Reuters Corp. | Add +736.1% | 1.61% | +1.43 |
| NEM Newmont Corp. | Add +39.4% | 3.04% | +1.29 |
| GFL GFL Environmental Inc.-Sub VT | New | 1.21% | +1.21 |
| GWW WW Grainger Inc. | New | 1.09% | +1.09 |
| BMI Badger Meter Inc. | Add +178.6% | 1.84% | +1.07 |
| AZO AutoZone Inc. | Add +409.1% | 1.25% | +1.04 |
| MSI Motorola Solutions Inc. | New | 0.95% | +0.95 |
| AJG Arthur J Gallagher & Co. | Add +320.5% | 1.06% | +0.84 |
| NXPI NXP Semiconductors NV | New | 0.84% | +0.84 |
| STLD Steel Dynamics Inc. | Add +150.0% | 1.31% | +0.81 |
| SNDK Sandisk Corp. | New | 0.80% | +0.80 |
| AN Autonation Inc. | Add +127.0% | 1.42% | +0.74 |
| MPC Marathon Petroleum Corp. | New | 0.73% | +0.73 |
| BRO Brown & Brown Inc. | New | 0.69% | +0.69 |
| HEI Heico Corp. | New | 0.66% | +0.66 |
| FLUT Flutter Entertainment PLC-Di | Add +110.2% | 1.48% | +0.62 |
| NUE Nucor Corp. | Add +125.0% | 1.13% | +0.62 |
| SIMO Silicon Motion Technol-ADR | New | 0.61% | +0.61 |
| APTV Aptiv PLC | Add +84.9% | 1.40% | +0.60 |
| SGHC Super Group SGHC Ltd. | New | 0.55% | +0.55 |
| INTC Intel Corp. | Add +106.5% | 0.98% | +0.54 |
| KEX Kirby Corp. | New | 0.50% | +0.50 |
| PD Pagerduty Inc. | New | 0.50% | +0.50 |
| GTM Zoominfo Technologies Inc. | New | 0.49% | +0.49 |
| CRS Carpenter Technology | New | 0.49% | +0.49 |
| BBSI Barrett Business SVCS Inc. | New | 0.47% | +0.47 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.47% | +0.47 |
| APD Air Products & Chemicals Inc. | New | 0.44% | +0.44 |
| WPM Wheaton Precious Metals Corp. | Add +28.1% | 1.01% | +0.41 |
| EXE Expand Energy Corp. | New | 0.40% | +0.40 |
| RTX RTX Corp. | New | 0.40% | +0.40 |
| CASY Casey's General Stores Inc. | New | 0.36% | +0.36 |
| MSFT Microsoft Corp. | New | 0.36% | +0.36 |
| MHK Mohawk Industries Inc. | New | 0.35% | +0.35 |
| TECK Teck Resources Ltd.-CLS B | New | 0.35% | +0.35 |
| TDG Transdigm Group Inc. | New | 0.34% | +0.34 |
| PFGC Performance Food Group Co. | Add +59.1% | 1.15% | +0.34 |
| UBER Uber Technologies Inc. | New | 0.34% | +0.34 |
| NRG NRG Energy Inc. | Add +59.6% | 0.87% | +0.33 |
| PHM Pultegroup Inc. | New | 0.32% | +0.32 |
| XPO Xpo Inc. | New | 0.32% | +0.32 |
| AGCO Agco Corp. | New | 0.32% | +0.32 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +65.9% | 316,000 | $176.8M |
| AAL American Airlines Group Inc. | put | Add +105.0% | 15,375,100 | $162.2M |
| AAPL Apple Inc. | put | Sold out | 250,000 | $62.6Mbefore exit |
| TLT iShares 20+ Year Treasury BD | put | Add +80.4% | 505,000 | $46.0M |
| NCLH Norwegian Cruise Line Holdin | put | New | 1,875,000 | $35.5M |
| X United States Steel Corp. | put | Sold out | 986,600 | $33.5Mbefore exit |
| Z Zillow Group Inc. Class C | put | Sold out | 450,000 | $33.3Mbefore exit |
| XLE SS Energy Select Sector | put | Sold out | 375,000 | $32.1Mbefore exit |
| CAR Avis Budget Group Inc. | put | New | 416,000 | $31.6M |
| BHC Bausch Health Cos Inc. | put | New | 4,875,000 | $31.5M |
| KBH KB Home | put | Sold out | 470,000 | $30.9Mbefore exit |
| MET Metlife Inc. | put | Sold out | 325,000 | $26.6Mbefore exit |
| TSLA Tesla Inc. | put | Sold out | 65,000 | $26.2Mbefore exit |
| CMCSA Comcast Corp. Class A | call | Add +14.0% | 650,000 | $24.0M |
| DAL Delta Air Lines Inc. | put | Sold out | 380,000 | $23.0Mbefore exit |
| PFE Pfizer Inc. | call | Add +125.0% | 900,000 | $22.8M |
| Z Zillow Group Inc. Class C | call | Sold out | 300,000 | $22.2Mbefore exit |
| MRK Merck & Co. Inc. | call | Add +85.7% | 195,000 | $17.5M |
| NCLH Norwegian Cruise Line Holdin | call | New | 800,000 | $15.2M |
| GILD Gilead Sciences Inc. | call | Reduce -10.0% | 135,000 | $15.1M |
| LCID Lucid Group Inc. | put | Sold out | 5,000,000 | $15.1Mbefore exit |
| CAG Conagra Brands Inc. | call | New | 500,000 | $13.3M |
| PBF PBF Energy Inc. Class A | put | New | 650,000 | $12.4M |
| UAL United Airlines Holdings Inc. | put | Sold out | 125,000 | $12.1Mbefore exit |
| CCL Carnival Corp. | put | Reduce -84.7% | 600,000 | $11.7M |
| KMI Kinder Morgan Inc. | call | Reduce -40.0% | 360,000 | $10.3M |
| C Citigroup Inc. | call | Reduce -52.0% | 120,000 | $8.5M |
| LUMN Lumen Technologies Inc. | put | Sold out | 1,500,000 | $8.0Mbefore exit |
| XRX Xerox Holdings Corp. | put | Add +164.8% | 1,430,000 | $6.9M |
| TGT Target Corp. | call | Add +50.0% | 60,000 | $6.3M |
| C Citigroup Inc. | put | New | 80,000 | $5.7M |
| FCX Freeport-McMoran Inc. | call | New | 140,000 | $5.3M |
| ADM Archer-Daniels-Midland Co. | call | New | 100,000 | $4.8M |
| FDX FedEx Corp. | call | Reduce -5.0% | 19,000 | $4.6M |
| UPS United Parcel Service Class B | call | Add +53.9% | 40,000 | $4.4M |
| DAL Delta Air Lines Inc. | call | Add +17.6% | 100,000 | $4.4M |
| LEN Lennar Corp. Class A | call | Sold out | 29,900 | $4.1Mbefore exit |
| EXPE Expedia Group Inc. | put | Sold out | 18,000 | $3.4Mbefore exit |
| GM General Motors Co. | put | Sold out | 60,000 | $3.2Mbefore exit |
| F Ford Motor Co. | call | Add +100.0% | 300,000 | $3.0M |
| DOW Dow Inc. | call | Add +6.3% | 85,000 | $3.0M |
| KSS Kohls Corp. | put | New | 360,000 | $2.9M |
| MSTR Strategy Inc. | call | Add +193.8% | 9,400 | $2.7M |
| TRGP Targa Resources Corp. | put | Sold out | 15,000 | $2.7Mbefore exit |
| WCC Wesco International Inc. | put | Sold out | 14,500 | $2.6Mbefore exit |
| M Macy's Inc. | put | Reduce -44.4% | 200,000 | $2.5M |
| NEM Newmont Corp. | put | Add +38.9% | 50,000 | $2.4M |
| AMZN Amazon.com Inc. | call | New | 11,000 | $2.1M |
| NFE New Fortress Energy Inc. | put | New | 240,000 | $2.0M |
| BE Bloom Energy Corp. Class A | put | Add +21.5% | 100,000 | $2.0M |
Showing the first 50 of 65.
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
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 20,000,000 | $28.3M |
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 | 73 | $72.0M | AAPL, NEXN, CZR, CLF, DCH |
| Q1 2026 | 192 | $132.6M | CZR, AAPL, GOOGL, DCH, CLF |
| Q4 2025 | 146 | $185.9M | GOOGL, VZ, TLN, AAPL, CZR |
| Q3 2025 | 332 | $374.8M | SLN, RSG, VZ, GOOGL, RBC |
| Q2 2025 | 282 | $322.5M | RSG, NEXN, SLN, BMI, VZ |
| Q1 2025 | 129 | $239.1M | NEXN, NEM, WM, RSG, ORLY |
| Q4 2024 | 208 | $229.3M | XLE, SLN, GDX, VZ, EXPE |
| Q3 2024 | 180 | $231.3M | SLN, OPCH, VZ, GDX, AGO |
| Q2 2024 | 170 | $227.3M | SLN, Z, AD, OPCH, VZ |
| Q1 2024 | 218 | $676.7M | SPY, TLT, SLN, Z, AAPL |