Lombard Odier Asset Management (USA) Corp
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Lombard Odier Asset Management (USA) Corp reported 146 stock positions worth $185.9 million. Its top holding was Alphabet Class A (GOOGL) at 3.2% of the portfolio, followed by Verizon Communications (VZ, 2.7%) and Talen Energy (TLN, 1.8%). Compared with Q3 2025, it opened 34 new positions, sold out of 220, added to 26 and reduced 86. The biggest buy was a new position in Apple (AAPL) and the biggest sale Silence Therapeutics PLC-ADR (SLN, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001491719
- Portfolio Value
- $185.9M (Q4 2025)
- SEC Filing
- 0000908834-26-000080 ↗ filed Feb 17, 2026
Holdings Value
Holdings 146 stocks · $185.9M
| GOOGL Alphabet Inc. Class A | 3.17% | 18,823 | $5.9M | Reduce -3.9% |
| VZ Verizon Communications Inc. | 2.69% | 123,000 | $5.0M | Add +7.9% |
| TLN Talen Energy Corp. | 1.84% | 9,101 | $3.4M | Add +101.1% |
| AAPL Apple Inc. | 1.79% | 12,272 | $3.3M | New |
| CZR Caesars Entertainment Inc. | 1.73% | 137,500 | $3.2M | Reduce -6.6% |
| DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN | 1.69% | 490,000 | $3.1M | Reduce -4.8% |
| AER Aercap Holdings NV | 1.61% | 20,818 | $3.0M | Reduce -12.2% |
| GM General Motors Co. | 1.54% | 35,092 | $2.9M | Reduce -6.1% |
| LUV Southwest Airlines Co. | 1.52% | 68,329 | $2.8M | Reduce -8.7% |
| MU Micron Technology Inc. | 1.47% | 9,542 | $2.7M | New |
| RBC RBC Bearings Inc. | 1.42% | 5,906 | $2.6M | Reduce -50.9% |
| CLF Cleveland-Cliffs Inc. | 1.36% | 190,000 | $2.5M | Reduce -7.3% |
| XPO Xpo Inc. | 1.36% | 18,559 | $2.5M | Add +8.3% |
| PGR Progressive Corp. | 1.35% | 11,050 | $2.5M | Add +22.4% |
| NBR Nabors Industries Ltd. | 1.30% | 44,500 | $2.4M | Reduce -28.2% |
| EXE Expand Energy Corp. | 1.28% | 21,509 | $2.4M | Add +7.8% |
| PRM Perimeter Solutions Inc. | 1.27% | 85,815 | $2.4M | Add +7.3% |
| APG Api Group Corp. | 1.23% | 59,593 | $2.3M | Reduce -52.3% |
| XOP SS SPDR S&P Og Exp & Prod | 1.22% | 18,000 | $2.3M | Reduce -10.0% |
| OSIS Osi Systems Inc. | 1.20% | 8,777 | $2.2M | Add +8.7% |
| PCAR Paccar Inc. | 1.20% | 20,433 | $2.2M | New |
| MCK McKesson Corp. | 1.14% | 2,584 | $2.1M | Reduce -31.1% |
| BSX Boston Scientific Corp. | 1.13% | 22,108 | $2.1M | Reduce -20.5% |
| CHRW C.H. Robinson Worldwide Inc. | 1.11% | 12,891 | $2.1M | Reduce -47.5% |
| COR Cencora Inc. | 1.11% | 6,112 | $2.1M | Reduce -48.2% |
| TDG Transdigm Group Inc. | 1.09% | 1,527 | $2.0M | Reduce -56.1% |
| MUR Murphy Oil Corp. | 1.08% | 64,000 | $2.0M | Reduce -9.9% |
| CLMT Calumet Inc. | 1.07% | 100,095 | $2.0M | Reduce -21.5% |
| MSI Motorola Solutions Inc. | 1.06% | 5,163 | $2.0M | Reduce -21.6% |
| MSFT Microsoft Corp. | 1.06% | 4,092 | $2.0M | Reduce -21.8% |
| QXO Qxo Inc. | 1.06% | 101,717 | $2.0M | Reduce -37.1% |
| ORLY O'reilly Automotive Inc. | 1.05% | 21,490 | $2.0M | Reduce -33.5% |
| AZO AutoZone Inc. | 1.02% | 559 | $1.9M | Reduce -13.7% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.97% | 47,000 | $1.8M | Add +80.8% |
| SNDK Sandisk Corp. | 0.96% | 7,538 | $1.8M | Reduce -75.9% |
| SILJ Amplify Junior Silver Miners | 0.96% | 64,288 | $1.8M | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.96% | 6,862 | $1.8M | Reduce -10.7% |
| CNI Canadian Natl Railway Co. | 0.95% | 17,847 | $1.8M | New |
| BRO Brown & Brown Inc. | 0.94% | 22,001 | $1.8M | Reduce -9.2% |
| DAR Darling Ingredients Inc. | 0.91% | 47,232 | $1.7M | Reduce -20.6% |
| FDX FedEx Corp. | 0.91% | 5,873 | $1.7M | Add +105.0% |
| GLD SPDR Gold Shares | 0.90% | 4,234 | $1.7M | New |
| FSLR First Solar Inc. | 0.90% | 6,391 | $1.7M | Reduce -34.5% |
| ODFL Old Dominion Freight Line | 0.82% | 9,781 | $1.5M | Add +237.9% |
| WFRD Weatherford International PL | 0.82% | 19,500 | $1.5M | Reduce -15.2% |
| TRI Thomson Reuters Corp. | 0.77% | 10,897 | $1.4M | Reduce -1.9% |
| DECK Deckers Outdoor Corp. | 0.77% | 13,750 | $1.4M | Add +22.1% |
| BKR Baker Hughes Co. | 0.76% | 31,001 | $1.4M | Reduce -59.5% |
| UNH Unitedhealth Group Inc. | 0.76% | 4,275 | $1.4M | Reduce -40.1% |
| MHK Mohawk Industries Inc. | 0.75% | 12,700 | $1.4M | Reduce -25.3% |
| CCK Crown Holdings Inc. | 0.73% | 13,188 | $1.4M | New |
| GFF Griffon Corp. | 0.73% | 18,311 | $1.3M | Add +4.2% |
| PHM Pultegroup Inc. | 0.72% | 11,488 | $1.3M | Reduce -34.3% |
| RSG Republic Services Inc. | 0.72% | 6,312 | $1.3M | Reduce -79.3% |
| WTTR Select Water Solutions Inc. | 0.72% | 127,142 | $1.3M | Add +7.3% |
| IWM iShares Russell 2000 ETF | 0.70% | 5,285 | $1.3M | Reduce -51.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.69% | 1,891 | $1.3M | Reduce -56.9% |
| CAT Caterpillar Inc. | 0.69% | 2,250 | $1.3M | New |
| KEX Kirby Corp. | 0.68% | 11,486 | $1.3M | New |
| SHW The Sherwin-Williams Co. | 0.68% | 3,879 | $1.3M | Add +6.8% |
| RTX RTX Corp. | 0.66% | 6,648 | $1.2M | Reduce -61.3% |
| ORA Ormat Technologies Inc. | 0.65% | 10,996 | $1.2M | Reduce -57.7% |
| NATL NCR Atleos Corp. | 0.65% | 31,842 | $1.2M | Add +6.9% |
| GT Goodyear Tire & Rubber Co. | 0.64% | 136,000 | $1.2M | Reduce -14.5% |
| AN Autonation Inc. | 0.64% | 5,723 | $1.2M | Add +428.9% |
| CRGY Crescent Energy Inc. Class A | 0.63% | 140,000 | $1.2M | New |
| INTC Intel Corp. | 0.63% | 31,673 | $1.2M | Reduce -76.6% |
| GD General Dynamics Corp. | 0.63% | 3,455 | $1.2M | Add +7.8% |
| SLN Silence Therapeutics PLC-ADR | 0.62% | 255,901 | $1.2M | Reduce -86.1% |
| ALSN Allison Transmission Holding | 0.61% | 11,675 | $1.1M | New |
| ADBE Adobe Inc. | 0.60% | 3,207 | $1.1M | Add +251.3% |
| GIS General Mills Inc. | 0.60% | 23,990 | $1.1M | Add +7.3% |
| MGM MGM Resorts International | 0.59% | 30,000 | $1.1M | Reduce -6.3% |
| U Unity Software Inc. | 0.58% | 24,471 | $1.1M | New |
| ANET Arista Networks Inc. | 0.58% | 8,232 | $1.1M | Reduce -9.3% |
| CDE Coeur Mining Inc. | 0.58% | 60,355 | $1.1M | New |
| APTV Aptiv PLC | 0.56% | 13,793 | $1.0M | Reduce -53.9% |
| HASI Ha Sustainable Infrastructur | 0.55% | 32,361 | $1.0M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.55% | 948 | $1.0M | New |
| BMI Badger Meter Inc. | 0.54% | 5,760 | $1.0M | Reduce -49.8% |
| CENX Century Aluminum Company | 0.52% | 24,659 | $966K | Reduce -67.8% |
| AMD Advanced Micro Devices | 0.52% | 4,484 | $960K | Add +61.9% |
| TAC Transalta Corp. | 0.51% | 74,625 | $944K | Reduce -56.4% |
| SIVR Abrdn Physical Silver Shares | 0.51% | 13,887 | $939K | New |
| PPTA Perpetua Resources Corp. | 0.49% | 37,533 | $909K | Reduce -58.0% |
| GLW Corning Inc. | 0.49% | 10,359 | $907K | Reduce -71.7% |
| FCX Freeport-McMoran Inc. | 0.48% | 17,593 | $894K | Reduce -65.5% |
| NVDA Nvidia Corp. | 0.48% | 4,788 | $893K | Reduce -78.5% |
| BIDU Baidu Inc. - Spon ADR | 0.48% | 6,820 | $891K | Reduce -57.6% |
| APH Amphenol Corp. Class A | 0.48% | 6,546 | $885K | New |
| HEI Heico Corp. | 0.47% | 2,696 | $872K | Reduce -21.7% |
| ADM Archer-Daniels-Midland Co. | 0.46% | 15,000 | $862K | New |
| MEOH Methanex Corp. | 0.46% | 21,493 | $854K | Reduce -49.4% |
| EWY iShares MSCI South Korea ETF | 0.44% | 8,439 | $820K | New |
| CSX CSX Corp. | 0.44% | 22,356 | $810K | Add +6.5% |
| WCC Wesco International Inc. | 0.42% | 3,211 | $786K | New |
| CCJ Cameco Corp. | 0.41% | 8,285 | $758K | Reduce -67.5% |
| CASY Casey's General Stores Inc. | 0.40% | 1,342 | $742K | Reduce -29.5% |
| AVGO Broadcom Inc. | 0.39% | 2,097 | $726K | New |
| TSLA Tesla Inc. | 0.39% | 1,603 | $721K | Reduce -57.7% |
| SIMO Silicon Motion Technol-ADR | 0.39% | 7,757 | $719K | Reduce -44.5% |
| MATX Matson Inc. | 0.38% | 5,694 | $703K | Add +5.4% |
| FLR Fluor Corp. | 0.38% | 17,711 | $702K | New |
| GEV GE Vernova Inc. | 0.38% | 1,072 | $701K | New |
| AMBA Ambarella Inc. | 0.36% | 9,354 | $663K | Add +89.0% |
| MRVL Marvell Technology Inc. | 0.34% | 7,488 | $636K | Reduce -76.6% |
| COF Capital One Financial Corp. | 0.33% | 2,554 | $619K | Reduce -73.2% |
| VST Vistra Corp. | 0.33% | 3,816 | $616K | New |
| NXT Nextpower Inc. | 0.33% | 7,022 | $612K | Reduce -64.4% |
| SGI Somnigroup International Inc. | 0.31% | 6,503 | $581K | Reduce -50.0% |
| AMZN Amazon.com Inc. | 0.31% | 2,492 | $575K | Reduce -56.6% |
| ALB Albemarle Corp. | 0.30% | 3,915 | $554K | New |
| GSM Ferroglobe PLC | 0.30% | 118,457 | $550K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 1,748 | $531K | Reduce -85.7% |
| WCN Waste Connections Inc. | 0.28% | 2,989 | $524K | Reduce -50.1% |
| POWL Powell Industries Inc. | 0.28% | 1,614 | $515K | Reduce -70.4% |
| UUUU Energy Fuels Inc. | 0.27% | 34,764 | $505K | New |
| SNX TD Synnex Corp. | 0.27% | 3,339 | $502K | Reduce -50.0% |
| FLUT Flutter Entertainment PLC-Di | 0.27% | 2,328 | $501K | Reduce -70.3% |
| SMR Nuscale Power Corp. | 0.27% | 35,138 | $498K | New |
| UBER Uber Technologies Inc. | 0.26% | 5,992 | $490K | Reduce -45.2% |
| PCT Purecycle Technologies Inc. | 0.26% | 56,656 | $487K | Add +1.9% |
| BE Bloom Energy Corp. Class A | 0.26% | 5,510 | $479K | Reduce -78.0% |
| FWRD Forward Air Corp. | 0.25% | 18,523 | $463K | Reduce -48.0% |
| PFGC Performance Food Group Co. | 0.25% | 5,075 | $456K | Reduce -49.9% |
| UROY Uranium Royalty Corp. | 0.24% | 124,818 | $442K | New |
| UEC Uranium Energy Corp. | 0.24% | 37,519 | $438K | Reduce -77.9% |
| AEO American Eagle Outfitters | 0.24% | 16,577 | $437K | Reduce -68.0% |
| V Visa Inc. Class A | 0.21% | 1,106 | $388K | Reduce -12.3% |
| MP MP Materials Corp. | 0.20% | 7,185 | $363K | New |
| THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN | 0.17% | 174,203 | $324K | New |
| CYH Community Health Systems Inc. | 0.16% | 96,000 | $300K | Add +2.1% |
| NEXN Nexxen International Ltd. | 0.15% | 58,457 | $284K | Reduce -86.3% |
| XRX Xerox Holdings Corp. | 0.15% | 118,600 | $281K | Add +158.4% |
| BW Babcock & Wilcox Enterpr | 0.14% | 39,979 | $253K | Reduce -77.1% |
| BABA Alibaba Group Holding-SP ADR | 0.13% | 1,680 | $246K | Reduce -77.9% |
| LINE Lineage Inc. | 0.13% | 6,995 | $245K | Reduce -49.8% |
| GDX Vaneck Gold Miners ETF | 0.12% | 2,500 | $214K | New |
| AMPX Amprius Technologies Inc. | 0.10% | 23,942 | $189K | New |
| CAG Conagra Brands Inc. | 0.09% | 10,104 | $175K | New |
| HUN Huntsman Corp. | 0.09% | 15,886 | $159K | Reduce -69.3% |
| GTM Zoominfo Technologies Inc. | 0.08% | 15,241 | $155K | Reduce -59.1% |
| CCC CCC Intelligent Solutions Ho | 0.08% | 19,403 | $154K | Reduce -56.4% |
| MBLY Mobileye Global Inc. Class A | 0.08% | 14,331 | $150K | Reduce -28.7% |
| DHT DHT Holdings Inc. | 0.08% | 12,147 | $148K | Reduce -71.5% |
| AUR Aurora Innovation Inc. | 0.07% | 32,062 | $123K | Reduce -41.5% |
Options reported separately and not counted above: SPY puts ($92.7M), AAL puts ($88.3M), GDX puts ($52.7M), AAPL puts ($51.7M), XOP puts ($50.5M), CAR puts ($44.3M), RIVN puts ($43.4M), TLT puts ($36.3M), PBF puts ($25.8M), BMY calls ($25.6M), MRK calls ($20.5M), C calls ($18.7M), and 50 more.
Other holdings (5): bonds, preferreds, convertibles and warrants · $59.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 15,000,000 | $18.9M | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 14,500,000 | $14.5M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 14,000,000 | $14.4M | No change |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 14,000,000 | $6.0M | No change |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | 5,255,000 | $5.8M | No change |
Total filed on the 13F, all lines: $245.6M.
Portfolio Sells Q3 2025 → Q4 2025
| SLN Silence Therapeutics PLC-ADR | Reduce -86.1% | 0.62% | −1.28 |
| RSG Republic Services Inc. | Reduce -79.3% | 0.72% | −1.14 |
| LAUR Laureate Education Inc. | Sold out | 0.00% | −1.10 |
| AGO Assured Guaranty Ltd. | Sold out | 0.00% | −1.07 |
| SLV iShares Silver Trust | Sold out | 0.00% | −1.02 |
| RACE Ferrari NV | Sold out | 0.00% | −0.97 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.93 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −0.87 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.85 |
| LPX Louisiana-Pacific Corp. | Sold out | 0.00% | −0.81 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.79 |
| REVG Rev Group Inc. | Sold out | 0.00% | −0.73 |
| NEXN Nexxen International Ltd. | Reduce -86.3% | 0.15% | −0.63 |
| NVDA Nvidia Corp. | Reduce -78.5% | 0.48% | −0.63 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -85.7% | 0.29% | −0.63 |
| INTC Intel Corp. | Reduce -76.6% | 0.63% | −0.58 |
| PRGO Perrigo Co. PLC | Sold out | 0.00% | −0.58 |
| NMIH Nmi Holdings Inc. | Sold out | 0.00% | −0.55 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.54 |
| NXE Nexgen Energy Ltd. | Sold out | 0.00% | −0.52 |
| PSN Parsons Corp. | Sold out | 0.00% | −0.51 |
| CRS Carpenter Technology | Sold out | 0.00% | −0.51 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.49 |
| OPCH Option Care Health Inc. | Sold out | 0.00% | −0.48 |
| CRC California Resources Corp. | Sold out | 0.00% | −0.48 |
| PRMB Primo Brands Corp. | Sold out | 0.00% | −0.47 |
| ACA Arcosa Inc. | Sold out | 0.00% | −0.42 |
| MRVL Marvell Technology Inc. | Reduce -76.6% | 0.34% | −0.38 |
| CNNE Cannae Holdings Inc. | Sold out | 0.00% | −0.38 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.37 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.37 |
| DRVN Driven Brands Holdings Inc. | Sold out | 0.00% | −0.37 |
| UEC Uranium Energy Corp. | Reduce -77.9% | 0.24% | −0.37 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.33 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.33 |
| LEA Lear Corp. | Sold out | 0.00% | −0.33 |
| GLW Corning Inc. | Reduce -71.7% | 0.49% | −0.31 |
| BE Bloom Energy Corp. Class A | Reduce -78.0% | 0.26% | −0.31 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.29 |
| ALIT Alight Inc. Class A | Sold out | 0.00% | −0.29 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.29 |
| M Macy's Inc. | Sold out | 0.00% | −0.29 |
| FND Floor & Decor Holdings Inc. Class A | Sold out | 0.00% | −0.28 |
| FLUT Flutter Entertainment PLC-Di | Reduce -70.3% | 0.27% | −0.26 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.25 |
| RKLB Rocket Lab Corp. | Sold out | 0.00% | −0.24 |
| BKR Baker Hughes Co. | Reduce -59.5% | 0.76% | −0.23 |
| BABA Alibaba Group Holding-SP ADR | Reduce -77.9% | 0.13% | −0.23 |
| GPRE Green Plains Inc. | Sold out | 0.00% | −0.23 |
| COF Capital One Financial Corp. | Reduce -73.2% | 0.33% | −0.21 |
Portfolio Buys Q3 2025 → Q4 2025
| AAPL Apple Inc. | New | 1.79% | +1.79 |
| MU Micron Technology Inc. | New | 1.47% | +1.47 |
| VZ Verizon Communications Inc. | Add +7.9% | 2.69% | +1.36 |
| TLN Talen Energy Corp. | Add +101.1% | 1.84% | +1.32 |
| PCAR Paccar Inc. | New | 1.20% | +1.20 |
| SILJ Amplify Junior Silver Miners | New | 0.96% | +0.96 |
| CNI Canadian Natl Railway Co. | New | 0.95% | +0.95 |
| GLD SPDR Gold Shares | New | 0.90% | +0.90 |
| PRM Perimeter Solutions Inc. | Add +7.3% | 1.27% | +0.79 |
| XPO Xpo Inc. | Add +8.3% | 1.36% | +0.77 |
| PGR Progressive Corp. | Add +22.4% | 1.35% | +0.76 |
| FDX FedEx Corp. | Add +105.0% | 0.91% | +0.73 |
| SLB SLB Ltd. | Add +80.8% | 0.97% | +0.73 |
| CCK Crown Holdings Inc. | New | 0.73% | +0.73 |
| ODFL Old Dominion Freight Line | Add +237.9% | 0.82% | +0.72 |
| EXE Expand Energy Corp. | Add +7.8% | 1.28% | +0.71 |
| CAT Caterpillar Inc. | New | 0.69% | +0.69 |
| KEX Kirby Corp. | New | 0.68% | +0.68 |
| OSIS Osi Systems Inc. | Add +8.7% | 1.20% | +0.67 |
| CRGY Crescent Energy Inc. Class A | New | 0.63% | +0.63 |
| ALSN Allison Transmission Holding | New | 0.61% | +0.61 |
| U Unity Software Inc. | New | 0.58% | +0.58 |
| CDE Coeur Mining Inc. | New | 0.58% | +0.58 |
| AN Autonation Inc. | Add +428.9% | 0.64% | +0.57 |
| HASI Ha Sustainable Infrastructur | New | 0.55% | +0.55 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.55% | +0.55 |
| ADBE Adobe Inc. | Add +251.3% | 0.60% | +0.52 |
| SIVR Abrdn Physical Silver Shares | New | 0.51% | +0.51 |
| APH Amphenol Corp. Class A | New | 0.48% | +0.48 |
| ADM Archer-Daniels-Midland Co. | New | 0.46% | +0.46 |
| DECK Deckers Outdoor Corp. | Add +22.1% | 0.77% | +0.46 |
| EWY iShares MSCI South Korea ETF | New | 0.44% | +0.44 |
| WCC Wesco International Inc. | New | 0.42% | +0.42 |
| AMD Advanced Micro Devices | Add +61.9% | 0.52% | +0.40 |
| AVGO Broadcom Inc. | New | 0.39% | +0.39 |
| WTTR Select Water Solutions Inc. | Add +7.3% | 0.72% | +0.38 |
| FLR Fluor Corp. | New | 0.38% | +0.38 |
| GEV GE Vernova Inc. | New | 0.38% | +0.38 |
| GFF Griffon Corp. | Add +4.2% | 0.73% | +0.37 |
| SHW The Sherwin-Williams Co. | Add +6.8% | 0.68% | +0.34 |
| NATL NCR Atleos Corp. | Add +6.9% | 0.65% | +0.34 |
| GD General Dynamics Corp. | Add +7.8% | 0.63% | +0.33 |
| VST Vistra Corp. | New | 0.33% | +0.33 |
| GIS General Mills Inc. | Add +7.3% | 0.60% | +0.30 |
| ALB Albemarle Corp. | New | 0.30% | +0.30 |
| GSM Ferroglobe PLC | New | 0.30% | +0.30 |
| UUUU Energy Fuels Inc. | New | 0.27% | +0.27 |
| SMR Nuscale Power Corp. | New | 0.27% | +0.27 |
| AMBA Ambarella Inc. | Add +89.0% | 0.36% | +0.25 |
| UROY Uranium Royalty Corp. | New | 0.24% | +0.24 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -68.1% | 136,000 | $92.7M |
| GDX Vaneck Gold Miners ETF | put | Add +2.5% | 615,000 | $52.7M |
| AAPL Apple Inc. | put | New | 190,000 | $51.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 50,000 | $33.3Mbefore exit |
| CMCSA Comcast Corp. Class A | call | Sold out | 750,000 | $23.6Mbefore exit |
| MRK Merck & Co. Inc. | call | Reduce -25.0% | 195,000 | $20.5M |
| C Citigroup Inc. | call | Add +33.3% | 160,000 | $18.7M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 30,000 | $18.0Mbefore exit |
| PFE Pfizer Inc. | call | Reduce -26.7% | 660,000 | $16.4M |
| IWM iShares Russell 2000 ETF | put | Sold out | 60,000 | $14.5Mbefore exit |
| MET Metlife Inc. | call | New | 150,000 | $11.8M |
| VOD Vodafone Group PLC-SP ADR | call | New | 800,000 | $10.6M |
| FYBR Frontier Communications Pare | put | Sold out | 265,000 | $9.9Mbefore exit |
| RIVN Rivian Automotive Inc. Class A | call | Add +16.7% | 350,000 | $6.9M |
| MRK Merck & Co. Inc. | put | New | 65,000 | $6.8M |
| VZ Verizon Communications Inc. | put | Sold out | 150,000 | $6.6Mbefore exit |
| COMP Compass Inc. Class A | call | New | 572,000 | $6.0M |
| SLV iShares Silver Trust | call | New | 93,200 | $6.0M |
| ADM Archer-Daniels-Midland Co. | call | Sold out | 100,000 | $6.0Mbefore exit |
| BHC Bausch Health Cos Inc. | put | Reduce -61.2% | 666,000 | $4.6M |
| HOUS Anywhere Real Estate Inc. | call | Sold out | 400,000 | $4.2Mbefore exit |
| DAL Delta Air Lines Inc. | call | Sold out | 70,000 | $4.0Mbefore exit |
| MET Metlife Inc. | put | New | 50,000 | $3.9M |
| KSS Kohls Corp. | put | Reduce -80.7% | 180,000 | $3.7M |
| F Ford Motor Co. | call | Sold out | 300,000 | $3.6Mbefore exit |
| M Macy's Inc. | put | Sold out | 200,000 | $3.6Mbefore exit |
| CZR Caesars Entertainment Inc. | call | Add +97.6% | 146,800 | $3.4M |
| INTC Intel Corp. | call | Sold out | 100,000 | $3.4Mbefore exit |
| MSTR Strategy Inc. | call | Add +413.2% | 19,500 | $3.0M |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 30,000 | $2.7Mbefore exit |
| ACN Accenture PLC Class A | put | Sold out | 10,000 | $2.5Mbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 11,000 | $2.4Mbefore exit |
| BE Bloom Energy Corp. Class A | call | Sold out | 20,000 | $1.7Mbefore exit |
| CRWV Coreweave Inc. Class A | put | Sold out | 12,000 | $1.6Mbefore exit |
| NBIS Nebius Group NV | put | Sold out | 10,500 | $1.2Mbefore exit |
| SABR Sabre Corp. | call | Sold out | 600,000 | $1.1Mbefore exit |
| M Macy's Inc. | call | Sold out | 60,000 | $1.1Mbefore exit |
| HTZ Hertz Global Hldgs Inc. | put | Reduce -82.7% | 200,000 | $1.0M |
| CCL Carnival Corp. | call | Sold out | 30,000 | $867Kbefore exit |
| NBR Nabors Industries Ltd. | put | New | 14,600 | $793K |
| WFRD Weatherford International PL | put | New | 10,000 | $783K |
| SOC Sable Offshore Corp. | put | New | 83,700 | $755K |
| UEC Uranium Energy Corp. | put | Sold out | 52,500 | $700Kbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 3,000 | $560Kbefore exit |
| PRMB Primo Brands Corp. | call | Sold out | 15,000 | $332Kbefore exit |
| ALIT Alight Inc. Class A | call | Sold out | 100,700 | $328Kbefore exit |
| BABA Alibaba Group Holding-SP ADR | call | Sold out | 1,500 | $270Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |