Marathon Trading Investment Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Marathon Trading Investment Management LLC reported 168 stock positions worth $833.4 million. Its top holding was Nvidia (NVDA) at 15.8% of the portfolio, followed by Apple (AAPL, 8.0%) and SS SPDR S&P 500 ETF Trust-US (SPY, 7.1%). Compared with Q3 2025, it opened 63 new positions, sold out of 22, added to 52 and reduced 41. The biggest buy was Nvidia (NVDA, shares +16924%) and the biggest sale SPDR Gold Shares (GLD, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- RADNOR, PA
- CIK
- 0001572748
- Portfolio Value
- $833.4M (Q4 2025)
- SEC Filing
- 0001572748-26-000003 ↗ filed Feb 13, 2026
Holdings Value
Holdings 168 stocks · $833.4M
| NVDA Nvidia Corp. | 15.79% | 705,664 | $131.6M | Add +16924.5% |
| AAPL Apple Inc. | 8.04% | 246,481 | $67.0M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 7.09% | 86,612 | $59.1M | Add +629.4% |
| AMZN Amazon.com Inc. | 7.08% | 255,481 | $59.0M | Add +157.5% |
| GOOG Alphabet Inc. Class C | 6.76% | 179,600 | $56.4M | Add +16227.3% |
| MSTR Strategy Inc. | 6.64% | 364,223 | $55.3M | Add +4246.3% |
| TSLA Tesla Inc. | 5.86% | 108,518 | $48.8M | New |
| COIN Coinbase Global Inc. Class A | 3.99% | 147,126 | $33.3M | Add +45733.6% |
| MSFT Microsoft Corp. | 3.60% | 62,058 | $30.0M | New |
| PLTR Palantir Technologies Inc. Class A | 3.35% | 156,987 | $27.9M | Add +798.9% |
| META Meta Platforms Inc. Class A | 2.44% | 30,775 | $20.3M | Add +3860.8% |
| GOOGL Alphabet Inc. Class A | 2.10% | 55,916 | $17.5M | Add +1863.3% |
| JD Jd.com Inc.-ADR | 2.08% | 605,197 | $17.4M | Add +34.6% |
| IREN Iren Ltd. filed as IREN LIMITED | 2.06% | 454,140 | $17.2M | Add +1938.3% |
| WBD Warner Bros Discovery Inc. | 1.75% | 506,839 | $14.6M | Add +22.9% |
| GLD SPDR Gold Shares | 1.66% | 34,812 | $13.8M | Reduce -65.4% |
| BE Bloom Energy Corp. Class A | 1.52% | 145,350 | $12.6M | New |
| PDD PDD Holdings Inc. | 0.86% | 62,986 | $7.1M | Add +57.9% |
| SBET Sharplink Inc. | 0.83% | 771,150 | $6.9M | Add +986.0% |
| BABA Alibaba Group Holding-SP ADR | 0.79% | 44,694 | $6.6M | Add +9.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.70% | 9,561 | $5.9M | Reduce -31.2% |
| WFC Wells Fargo & Co. | 0.67% | 59,667 | $5.6M | Reduce -29.4% |
| IBIT iShares Bitcoin Trust ETF | 0.54% | 90,900 | $4.5M | Reduce -4.3% |
| INTC Intel Corp. | 0.46% | 103,514 | $3.8M | Reduce -34.0% |
| PYPL PayPal Holdings Inc. | 0.43% | 60,688 | $3.5M | Add +5641.5% |
| MUX McEwen Inc. | 0.42% | 190,300 | $3.5M | New |
| KVUE Kenvue Inc. | 0.36% | 174,088 | $3.0M | Add +872.6% |
| CORZ Core Scientific Inc. | 0.36% | 205,373 | $3.0M | Reduce -11.8% |
| CMG Chipotle Mexican Grill Inc. | 0.31% | 69,698 | $2.6M | Add +59.0% |
| APLD Applied Digital Corp. | 0.29% | 100,000 | $2.5M | New |
| AVGO Broadcom Inc. | 0.29% | 6,963 | $2.4M | Add +116.6% |
| RIVN Rivian Automotive Inc. Class A | 0.26% | 110,997 | $2.2M | New |
| OPEN Opendoor Technologies Inc. | 0.26% | 373,800 | $2.2M | Add +428.0% |
| NBIS Nebius Group NV | 0.24% | 23,876 | $2.0M | Add +640.6% |
| ARM Arm Holdings PLC-ADR | 0.24% | 18,000 | $2.0M | Add +50.8% |
| MARA Mara Holdings Inc. | 0.23% | 216,866 | $1.9M | Add +1809.4% |
| BYND Beyond Meat Inc. | 0.22% | 2,283,940 | $1.9M | New |
| DECK Deckers Outdoor Corp. | 0.19% | 14,984 | $1.6M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 28,113 | $1.5M | Reduce -91.5% |
| CNC Centene Corp. | 0.19% | 37,480 | $1.5M | New |
| ORCL Oracle Corp. | 0.18% | 7,777 | $1.5M | Add +270.3% |
| S Sentinelone Inc. Class A | 0.18% | 100,800 | $1.5M | New |
| MOH Molina Healthcare Inc. | 0.18% | 8,705 | $1.5M | New |
| LULU Lululemon Athletica Inc. | 0.18% | 7,258 | $1.5M | Reduce -46.2% |
| SOFI Sofi Technologies Inc. | 0.18% | 56,964 | $1.5M | Reduce -4.9% |
| CVNA Carvana Co. | 0.18% | 3,500 | $1.5M | New |
| STZ Constellation Brands Inc. Class A | 0.17% | 10,442 | $1.4M | New |
| IT Gartner Inc. | 0.17% | 5,695 | $1.4M | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.17% | 37,622 | $1.4M | New |
| GEV GE Vernova Inc. | 0.17% | 2,184 | $1.4M | Add +101.5% |
| DOW Dow Inc. | 0.17% | 61,034 | $1.4M | New |
| FDS Factset Research Systems Inc. | 0.17% | 4,911 | $1.4M | New |
| WOLF Wolfspeed Inc. | 0.17% | 81,434 | $1.4M | Add +452311.1% |
| LYB Lyondellbasell Indu Class A | 0.17% | 32,614 | $1.4M | New |
| CPRT Copart Inc. | 0.17% | 35,890 | $1.4M | Add +187.1% |
| CHTR Charter Communications Inc. Class A | 0.17% | 6,714 | $1.4M | New |
| BAX Baxter International Inc. | 0.17% | 72,619 | $1.4M | New |
| GDDY GoDaddy Inc. Class A | 0.17% | 11,116 | $1.4M | New |
| CAG Conagra Brands Inc. | 0.16% | 78,986 | $1.4M | New |
| ARE Alexandria Real Estate Equit | 0.16% | 27,433 | $1.3M | New |
| ENPH Enphase Energy Inc. | 0.16% | 41,887 | $1.3M | New |
| SMR Nuscale Power Corp. | 0.16% | 92,095 | $1.3M | New |
| CPB The Campbell's Company | 0.15% | 45,722 | $1.3M | New |
| ENVX Enovix Corp. | 0.15% | 166,723 | $1.2M | Reduce -16.8% |
| HIMS Hims & Hers Health Inc. | 0.14% | 35,933 | $1.2M | Add +648.6% |
| LEN Lennar Corp. Class A | 0.14% | 11,000 | $1.1M | New |
| UNH Unitedhealth Group Inc. | 0.13% | 3,317 | $1.1M | Add +104.4% |
| KWEB Kranesh Csi China Internet | 0.13% | 31,643 | $1.1M | Reduce -85.0% |
| CLX Clorox Company | 0.13% | 10,663 | $1.1M | New |
| MU Micron Technology Inc. | 0.13% | 3,709 | $1.1M | Add +284.4% |
| NIO Nio Inc. - ADR | 0.12% | 199,321 | $1.0M | New |
| MRNA Moderna Inc. | 0.12% | 34,277 | $1.0M | New |
| ZBRA Zebra Technologies Corp. Class A | 0.12% | 4,099 | $995K | New |
| SAP Sap SE-Sponsored ADR | 0.12% | 4,000 | $972K | New |
| CRCL Circle Internet Group Inc. | 0.11% | 11,876 | $942K | Add +1388.2% |
| PANW Palo Alto Networks Inc. | 0.11% | 5,000 | $921K | Add +177.8% |
| FISV Fiserv Inc. | 0.11% | 13,618 | $915K | New |
| KMX Carmax Inc. | 0.11% | 23,627 | $913K | New |
| TGT Target Corp. | 0.11% | 9,076 | $887K | Reduce -79.8% |
| POOL Pool Corp. | 0.10% | 3,700 | $846K | New |
| BILI Bilibili Inc.-Sponsored ADR | 0.10% | 33,796 | $831K | Add +5.6% |
| BA The Boeing Co. | 0.10% | 3,814 | $828K | Reduce -29.6% |
| COMP Compass Inc. Class A | 0.09% | 72,500 | $766K | New |
| SNAP Snap Inc. Class A | 0.09% | 94,690 | $764K | Add +0.4% |
| ERIE Erie Indemnity Company Class A | 0.09% | 2,654 | $761K | New |
| NKE Nike Inc. Class B | 0.09% | 11,500 | $733K | Reduce -19.9% |
| NFLX Netflix Inc. | 0.08% | 7,151 | $670K | Add +26.6% |
| INDA iShares MSCI India ETF | 0.08% | 11,790 | $637K | New |
| UPS United Parcel Service Class B | 0.08% | 6,400 | $635K | Reduce -65.2% |
| CRWV Coreweave Inc. Class A | 0.07% | 8,460 | $606K | Reduce -84.9% |
| SW Smurfit Westrock PLC | 0.07% | 14,628 | $566K | New |
| V Visa Inc. Class A | 0.07% | 1,600 | $561K | Reduce -46.7% |
| FIG Figma Inc. Class A | 0.07% | 15,000 | $561K | Reduce -60.3% |
| RBLX Roblox Corp. Class A | 0.06% | 6,000 | $486K | New |
| SLB SLB Ltd. filed as SLB LIMITED | 0.06% | 12,650 | $486K | Reduce -18.4% |
| UBER Uber Technologies Inc. | 0.06% | 5,934 | $485K | Reduce -31.0% |
| RIOT Riot Platforms Inc. | 0.06% | 36,536 | $463K | Add +29.1% |
| GLXY Galaxy Digital Inc. Class A | 0.05% | 18,800 | $420K | New |
| EPAM Epam Systems Inc. | 0.05% | 2,034 | $417K | New |
| RGTI Rigetti Computing Inc. | 0.05% | 18,400 | $408K | New |
| LAC Lithium Americas Corp. | 0.05% | 92,300 | $402K | Add +4.7% |
| ALGN Align Technology Inc. | 0.05% | 2,537 | $396K | New |
| KMB Kimberly-Clark Corp. | 0.05% | 3,900 | $393K | New |
| EWY iShares MSCI South Korea ETF | 0.05% | 4,000 | $389K | No change |
| OKE Oneok Inc. | 0.04% | 4,937 | $363K | New |
| GME Gamestop Corp. Class A | 0.04% | 17,411 | $350K | Reduce -55.9% |
| EMN Eastman Chemical Co. | 0.04% | 5,350 | $341K | New |
| ETHA iShares Ethereum Trust ETF | 0.04% | 15,066 | $338K | Add +728.7% |
| SMCI Super Micro Computer Inc. | 0.04% | 11,532 | $338K | New |
| XLE SS Energy Select Sector | 0.04% | 7,400 | $331K | Reduce -44.8% |
| AMC AMC Entertainment HLDS Class A | 0.04% | 201,391 | $314K | Add +30.9% |
| SBUX Starbucks Corp. | 0.04% | 3,712 | $313K | Reduce -33.0% |
| XOM Exxon Mobil Corp. | 0.04% | 2,559 | $308K | Add +19.0% |
| RDDT Reddit Inc. Class A | 0.04% | 1,290 | $297K | Add +113.6% |
| QBTS D-Wave Quantum Inc. | 0.04% | 11,300 | $295K | Reduce -24.7% |
| VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC | 0.03% | 11,000 | $291K | New |
| AMD Advanced Micro Devices | 0.03% | 1,253 | $268K | New |
| PINS Pinterest Inc. Class A | 0.03% | 10,300 | $267K | New |
| BITO Proshares Bitcoin ETF-Usd | 0.03% | 21,302 | $259K | Reduce -0.9% |
| BIIB Biogen Inc. | 0.03% | 1,450 | $255K | Reduce -17.1% |
| OKLO Oklo Inc. | 0.03% | 3,550 | $255K | New |
| UUUU Energy Fuels Inc. | 0.03% | 17,500 | $254K | New |
| AI C3.AI Inc. Class A | 0.03% | 17,332 | $234K | New |
| GLBE Global-E Online Ltd. | 0.03% | 5,600 | $220K | No change |
| QS Quantumscape Corp. | 0.03% | 21,124 | $220K | Reduce -17.9% |
| AKAM Akamai Technologies Inc. | 0.03% | 2,500 | $218K | Reduce -37.5% |
| OKTA Okta Inc. | 0.03% | 2,500 | $216K | No change |
| DJT Trump Media & Technology Gro | 0.03% | 16,199 | $214K | Reduce -57.4% |
| SPCE Virgin Galactic Holdings Inc. | 0.02% | 63,800 | $205K | Reduce -38.5% |
| BBWI Bath & Body Works Inc. | 0.02% | 10,000 | $201K | No change |
| GDXJ Vaneck Junior Gold Miners | 0.02% | 1,700 | $193K | Add +30.8% |
| SLV iShares Silver Trust | 0.02% | 3,000 | $193K | New |
| TSSI TSS Inc. | 0.02% | 27,252 | $193K | Reduce -25.3% |
| RIG Transocean Ltd. | 0.02% | 41,500 | $171K | Add +31.8% |
| PLUG Plug Power Inc. | 0.02% | 85,300 | $168K | Add +87.5% |
| BBAI Bigbear.ai Holdings Inc. | 0.02% | 27,600 | $149K | Reduce -42.0% |
| SIRI Sirius XM Holdings Inc. | 0.02% | 7,294 | $146K | No change |
| XRX Xerox Holdings Corp. | 0.02% | 60,655 | $144K | Add +304.4% |
| CIFR Cipher Digital Inc. | 0.02% | 9,700 | $143K | Add +546.7% |
| NVTS Navitas Semiconductor Corp. | 0.02% | 20,000 | $143K | Add +33.3% |
| ASAN Asana Inc. Class A | 0.02% | 10,000 | $137K | No change |
| LCID Lucid Group Inc. | 0.02% | 12,558 | $133K | New |
| MUB iShares National Muni Bond E | 0.02% | 1,200 | $129K | Reduce -45.5% |
| BMNR Bitmine Immersion Technologi | 0.02% | 4,717 | $128K | Reduce -82.5% |
| CGC Canopy Growth Corp. | 0.02% | 111,100 | $127K | Reduce -2.3% |
| TLRY Tilray Brands Inc. | 0.01% | 13,870 | $125K | Add +20.5% |
| CRON Cronos Group Inc. | 0.01% | 38,200 | $100K | No change |
| TLT iShares 20+ Year Treasury BD | 0.01% | 1,112 | $97K | Reduce -49.0% |
| PTON Peloton Interactive Inc. Class A | 0.01% | 14,100 | $87K | Add +1.4% |
| CVX Chevron Corp. | 0.01% | 511 | $78K | New |
| BB Blackberry Ltd. | 0.01% | 18,500 | $70K | Reduce -0.5% |
| ABTC American Bitcoin Corp. | 0.01% | 39,200 | $67K | New |
| NOK Nokia Corp.-Spon ADR | 0.01% | 10,000 | $65K | New |
| NXH Neighborhood Intelligence Inc. filed as BED BATH & BEYOND INC | 0.01% | 11,000 | $60K | New |
| FLR Fluor Corp. | 0.01% | 1,267 | $50K | Reduce -95.8% |
| BGS B&G Foods Inc. | 0.01% | 10,000 | $43K | Reduce -33.3% |
| CLOV Clover Health Investments Co. | 0.00% | 11,000 | $26K | No change |
| FUBO Fubotv Inc. | 0.00% | 10,000 | $25K | No change |
| LAZRQ Luminar Technologies Inc. | 0.00% | 308,875 | $25K | Add +599.4% |
| ALAB Astera Labs Inc. | 0.00% | 137 | $23K | Add +12.3% |
| OXY Occidental Petroleum Corp. | 0.00% | 500 | $21K | Add +635.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.00% | 50 | $15K | Reduce -98.0% |
| IRBTQ Irobot Corp. | 0.00% | 46,000 | $5K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.00% | 100 | $4K | Reduce -99.4% |
| FARADAY FUTURE INTLGT ELEC I | 0.00% | 2,538 | $3K | No change |
| PDYN Palladyne AI Corp. | 0.00% | 500 | $2K | No change |
| BZFD Buzzfeed Inc. | 0.00% | 2,000 | $2K | No change |
| BED BATH & BEYOND INC | 0.00% | 100 | $66 | New |
Options reported separately and not counted above: ISHARES SILVER TR calls ($1.2B), ISHARES SILVER TR puts ($945.6M), NVIDIA CORPORATION puts ($149.1M), TESLA INC puts ($131.4M), SPDR GOLD TR calls ($127.8M), TESLA INC calls ($126.4M), ISHARES BITCOIN TRUST ETF puts ($83.7M), APPLE INC puts ($69.6M), AMAZON COM INC puts ($58.0M), ALPHABET INC puts ($56.5M), ISHARES BITCOIN TRUST ETF calls ($45.9M), SPDR GOLD TR puts ($44.6M), and 158 more.
Other holdings (14): bonds, preferreds, convertibles and warrants · $3.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,464 | $3.1M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 444 | $538K | No change |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 2,100 | $165K | New |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 1,773 | $2K | Reduce -24.8% |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 25,337 | $2K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 32,888 | $1K | No change |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | 20,130 | $1K | No change |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 1,773 | $922 | New |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 1,773 | $708 | New |
| FFAIW Faraday Future -CW27 | *W EXP 07/21/202 | 11,700 | $420 | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 8,333 | $210 | No change |
| SWVLW Pivotal Holdings Corp. -CW27 | *W EXP 99/99/999 | 10,000 | $99 | No change |
| MLECW Moolec Science SA | *W EXP 01/30/202 | 12,500 | $72 | No change |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 6 | $18 | Reduce -99.8% |
Total filed on the 13F, all lines: $837.2M.
Portfolio Sells Q3 2025 → Q4 2025
| GLD SPDR Gold Shares | Reduce -65.4% | 1.66% | −13.74 |
| BAC Bank of America Corp. | Reduce -91.5% | 0.19% | −7.15 |
| KWEB Kranesh Csi China Internet | Reduce -85.0% | 0.13% | −3.68 |
| CRWV Coreweave Inc. Class A | Reduce -84.9% | 0.07% | −3.24 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -31.2% | 0.70% | −2.89 |
| WFC Wells Fargo & Co. | Reduce -29.4% | 0.67% | −2.38 |
| IBIT iShares Bitcoin Trust ETF | Reduce -4.3% | 0.54% | −2.12 |
| INTC Intel Corp. | Reduce -34.0% | 0.46% | −1.81 |
| TGT Target Corp. | Reduce -79.8% | 0.11% | −1.63 |
| CORZ Core Scientific Inc. | Reduce -11.8% | 0.36% | −1.44 |
| LULU Lululemon Athletica Inc. | Reduce -46.2% | 0.18% | −0.85 |
| FIG Figma Inc. Class A | Reduce -60.3% | 0.07% | −0.78 |
| ENVX Enovix Corp. | Reduce -16.8% | 0.15% | −0.71 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.69 |
| BMNR Bitmine Immersion Technologi | Reduce -82.5% | 0.02% | −0.59 |
| UPS United Parcel Service Class B | Reduce -65.2% | 0.08% | −0.59 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.57 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.55 |
| STUB Stubhub Holdings Inc. Class A | Sold out | 0.00% | −0.54 |
| FLR Fluor Corp. | Reduce -95.8% | 0.01% | −0.54 |
| SOFI Sofi Technologies Inc. | Reduce -4.9% | 0.18% | −0.50 |
| GME Gamestop Corp. Class A | Reduce -55.9% | 0.04% | −0.42 |
| BA The Boeing Co. | Reduce -29.6% | 0.10% | −0.40 |
| V Visa Inc. Class A | Reduce -46.7% | 0.07% | −0.37 |
| NKE Nike Inc. Class B | Reduce -19.9% | 0.09% | −0.34 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -99.4% | 0.00% | −0.31 |
| UBER Uber Technologies Inc. | Reduce -31.0% | 0.06% | −0.30 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -98.0% | 0.00% | −0.29 |
| TSSI TSS Inc. | Reduce -25.3% | 0.02% | −0.26 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.26 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.26 |
| DJT Trump Media & Technology Gro | Reduce -57.4% | 0.03% | −0.24 |
| XLE SS Energy Select Sector | Reduce -44.8% | 0.04% | −0.22 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.20 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.18 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.17 |
| SLB SLB Ltd. | Reduce -18.4% | 0.06% | −0.17 |
| SBUX Starbucks Corp. | Reduce -33.0% | 0.04% | −0.16 |
| NN Nextnav Inc. | Sold out | 0.00% | −0.16 |
| F Ford Motor Co. | Sold out | 0.00% | −0.16 |
| BITO Proshares Bitcoin ETF-Usd | Reduce -0.9% | 0.03% | −0.15 |
| SPCE Virgin Galactic Holdings Inc. | Reduce -38.5% | 0.02% | −0.15 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.15 |
| QBTS D-Wave Quantum Inc. | Reduce -24.7% | 0.04% | −0.12 |
| BBAI Bigbear.ai Holdings Inc. | Reduce -42.0% | 0.02% | −0.12 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.11 |
| HUM Humana Inc. | Sold out | 0.00% | −0.11 |
| QS Quantumscape Corp. | Reduce -17.9% | 0.03% | −0.11 |
| ETOR Etoro Group Ltd. Class A | Sold out | 0.00% | −0.11 |
| AKAM Akamai Technologies Inc. | Reduce -37.5% | 0.03% | −0.10 |
Portfolio Buys Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Add +16924.5% | 15.79% | +15.46 |
| AAPL Apple Inc. | New | 8.04% | +8.04 |
| GOOG Alphabet Inc. Class C | Add +16227.3% | 6.76% | +6.65 |
| TSLA Tesla Inc. | New | 5.86% | +5.86 |
| MSTR Strategy Inc. | Add +4246.3% | 6.64% | +5.48 |
| COIN Coinbase Global Inc. Class A | Add +45733.6% | 3.99% | +3.95 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +629.4% | 7.09% | +3.68 |
| MSFT Microsoft Corp. | New | 3.60% | +3.60 |
| META Meta Platforms Inc. Class A | Add +3860.8% | 2.44% | +2.19 |
| PLTR Palantir Technologies Inc. Class A | Add +798.9% | 3.35% | +1.98 |
| GOOGL Alphabet Inc. Class A | Add +1863.3% | 2.10% | +1.80 |
| IREN Iren Ltd. | Add +1938.3% | 2.06% | +1.61 |
| BE Bloom Energy Corp. Class A | New | 1.52% | +1.52 |
| MUX McEwen Inc. | New | 0.42% | +0.42 |
| PYPL PayPal Holdings Inc. | Add +5641.5% | 0.43% | +0.39 |
| SBET Sharplink Inc. | Add +986.0% | 0.83% | +0.31 |
| APLD Applied Digital Corp. | New | 0.29% | +0.29 |
| RIVN Rivian Automotive Inc. Class A | New | 0.26% | +0.26 |
| KVUE Kenvue Inc. | Add +872.6% | 0.36% | +0.24 |
| BYND Beyond Meat Inc. | New | 0.22% | +0.22 |
| DECK Deckers Outdoor Corp. | New | 0.19% | +0.19 |
| CNC Centene Corp. | New | 0.19% | +0.19 |
| S Sentinelone Inc. Class A | New | 0.18% | +0.18 |
| MOH Molina Healthcare Inc. | New | 0.18% | +0.18 |
| CVNA Carvana Co. | New | 0.18% | +0.18 |
| STZ Constellation Brands Inc. Class A | New | 0.17% | +0.17 |
| IT Gartner Inc. | New | 0.17% | +0.17 |
| TTD Trade Desk Inc./the Class A | New | 0.17% | +0.17 |
| DOW Dow Inc. | New | 0.17% | +0.17 |
| FDS Factset Research Systems Inc. | New | 0.17% | +0.17 |
| WOLF Wolfspeed Inc. | Add +452311.1% | 0.17% | +0.17 |
| LYB Lyondellbasell Indu Class A | New | 0.17% | +0.17 |
| CHTR Charter Communications Inc. Class A | New | 0.17% | +0.17 |
| BAX Baxter International Inc. | New | 0.17% | +0.17 |
| GDDY GoDaddy Inc. Class A | New | 0.17% | +0.17 |
| CAG Conagra Brands Inc. | New | 0.16% | +0.16 |
| ARE Alexandria Real Estate Equit | New | 0.16% | +0.16 |
| ENPH Enphase Energy Inc. | New | 0.16% | +0.16 |
| SMR Nuscale Power Corp. | New | 0.16% | +0.16 |
| CPB The Campbell's Company | New | 0.15% | +0.15 |
| MARA Mara Holdings Inc. | Add +1809.4% | 0.23% | +0.14 |
| LEN Lennar Corp. Class A | New | 0.14% | +0.14 |
| CLX Clorox Company | New | 0.13% | +0.13 |
| NIO Nio Inc. - ADR | New | 0.12% | +0.12 |
| MRNA Moderna Inc. | New | 0.12% | +0.12 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.12% | +0.12 |
| SAP Sap SE-Sponsored ADR | New | 0.12% | +0.12 |
| FISV Fiserv Inc. | New | 0.11% | +0.11 |
| KMX Carmax Inc. | New | 0.11% | +0.11 |
| POOL Pool Corp. | New | 0.10% | +0.10 |
Options Activity Q3 2025 → Q4 2025
| ISHARES SILVER TR | call | Add +246.7% | 18,242,100 | $1.2B |
| ISHARES SILVER TR | put | Add +209.7% | 14,679,400 | $945.6M |
| NVIDIA CORPORATION | put | Add +735.6% | 799,700 | $149.1M |
| TESLA INC | put | Add +145.6% | 292,200 | $131.4M |
| SPDR GOLD TR | call | Add +69.7% | 322,500 | $127.8M |
| TESLA INC | call | Add +11.8% | 281,100 | $126.4M |
| ISHARES BITCOIN TRUST ETF | put | Add +3334.0% | 1,686,100 | $83.7M |
| APPLE INC | put | Add +1451.5% | 256,000 | $69.6M |
| AMAZON COM INC | put | Add +126.1% | 251,400 | $58.0M |
| ALPHABET INC | put | New | 180,000 | $56.5M |
| ISHARES BITCOIN TRUST ETF | call | Add +382.7% | 925,400 | $45.9M |
| SPDR GOLD TR | put | Add +87.5% | 112,500 | $44.6M |
| PALANTIR TECHNOLOGIES INC | put | Add +179.8% | 206,500 | $36.7M |
| COINBASE GLOBAL INC | put | Add +3905.0% | 160,200 | $36.2M |
| STRATEGY INC | put | Add +665.4% | 199,000 | $30.2M |
| MICROSOFT CORP | put | Add +3731.3% | 61,300 | $29.6M |
| STATE STR SPDR S&P 500 ETF T | put | Add +935.9% | 40,400 | $27.5M |
| JD.COM INC | put | Add +30.0% | 884,800 | $25.4M |
| META PLATFORMS INC | call | Add +956.7% | 31,700 | $20.9M |
| META PLATFORMS INC | put | Add +4328.6% | 31,000 | $20.5M |
| BANK OF AMER CORP | put | Add +0.1% | 360,200 | $19.8M |
| PDD HOLDINGS INC | put | Add +25.8% | 173,000 | $19.6M |
| ALPHABET INC | put | Add +501.0% | 60,100 | $18.8M |
| KRANESHARES TRUST | call | Reduce -20.2% | 520,100 | $17.7M |
| APPLE INC | call | Add +292.9% | 55,000 | $15.0M |
| ALIBABA GROUP HLDG LTD | put | Add +38.9% | 95,000 | $13.9M |
| STRATEGY INC | call | Add +152.3% | 83,500 | $12.7M |
| IREN LIMITED | put | Add +410.6% | 328,300 | $12.4M |
| WARNER BROS DISCOVERY INC | call | Add +460.4% | 420,900 | $12.1M |
| MICROSOFT CORP | call | Sold out | 17,700 | $9.2Mbefore exit |
| GAMESTOP CORP | put | New | 422,300 | $8.5M |
| IREN LIMITED | call | Add +208.0% | 216,500 | $8.2M |
| WARNER BROS DISCOVERY INC | put | Add +68.7% | 281,200 | $8.1M |
| STATE STR SPDR S&P 500 ETF T | call | Add +30.3% | 11,600 | $7.9M |
| ALPHABET INC | call | Add +24900.0% | 25,000 | $7.8M |
| WOLFSPEED INC | put | Reduce -11.4% | 450,000 | $7.8M |
| RIVIAN AUTOMOTIVE INC | put | Add +1312.4% | 353,100 | $7.0M |
| VANECK ETF TRUST | put | Add +1.3% | 76,900 | $6.8M |
| PDD HOLDINGS INC | call | Add +8.0% | 58,200 | $6.6M |
| VANECK ETF TRUST | call | Add +2552.2% | 61,000 | $5.5M |
| INTEL CORP | put | Reduce -7.0% | 147,600 | $5.4M |
| KENVUE INC | put | Add +300000.0% | 300,100 | $5.2M |
| INTEL CORP | call | Reduce -0.9% | 129,600 | $4.8M |
| WELLS FARGO & CO | put | Reduce -0.6% | 50,000 | $4.7M |
| SUPER MICRO COMPUTER INC | put | New | 150,000 | $4.4M |
| ARK ETF TR | call | Sold out | 49,400 | $4.3Mbefore exit |
| ALIBABA GROUP HLDG LTD | call | Reduce -64.0% | 27,500 | $4.0M |
| CORE SCIENTIFIC INC NEW | call | Reduce -5.6% | 272,800 | $4.0M |
| COINBASE GLOBAL INC | call | Add +20.0% | 15,000 | $3.4M |
| GAMESTOP CORP | call | Add +86.8% | 159,000 | $3.2M |
Showing the first 50 of 200.
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
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 2,100 | $165K |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Reduce -24.8% | 1,773 | $2K |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 1,773 | $922 |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 1,773 | $708 |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Reduce -99.8% | 6 | $18 |
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 | 127 | $873.3M | NVDA, TSLA, GOOGL, TSM, META |
| Q1 2026 | 136 | $333.3M | MSFT, GLD, TSLA, SPY, BE |
| Q4 2025 | 168 | $833.4M | NVDA, AAPL, SPY, AMZN, GOOG |
| Q3 2025 | 127 | $232.1M | GLD, AMZN, BAC, JD, KWEB |
| Q2 2025 | 119 | $163.2M | SPY, BAC, WFC, IBIT, TLT |
| Q1 2025 | 148 | $184.8M | NVDA, BABA, BAC, GME, SPY |
| Q4 2024 | 136 | $597.5M | MSTR, MSFT, SPY, BABA, TSM |
| Q3 2024 | 109 | $210.9M | BAC, C, EEM, MSTR, WFC |
| Q2 2024 | 148 | $369.0M | SPY, AAPL, BAC, C, PDD |
| Q1 2024 | 195 | $246.6M | C, BAC, QQQ, NVDA, EEM |