Marex Group Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 19, 2025), Marex Group Ltd reported 507 stock positions worth $5.3 billion. Its top holding was Strategy (MSTR) at 14.5% of the portfolio, followed by Mastercard Class A (MA, 8.3%) and Booking (BKNG, 7.1%). Compared with Q1 2025, it opened 169 new positions, sold out of 335, added to 137 and reduced 168. The biggest buy was Mastercard Class A (MA, shares +188%) and the biggest sale iShares Bitcoin Trust ETF (IBIT, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001997464
- Portfolio Value
- $5.3B (Q2 2025)
- SEC Filing
- 0001997464-25-000052 ↗ filed Aug 19, 2025
Holdings Value
Holdings 507 stocks · $5.3B
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 14.45% | 1,880,145 | $759.9M | Add +12.1% |
| MA Mastercard Inc. Class A | 8.31% | 777,714 | $437.0M | Add +187.9% |
| BKNG Booking Holdings Inc. | 7.13% | 64,811 | $375.2M | Add +103.7% |
| LLY Eli Lilly & Co. | 4.22% | 284,407 | $221.7M | Add +41.4% |
| TSLA Tesla Inc. | 3.29% | 545,241 | $173.2M | Reduce -15.9% |
| INTU Intuit Inc. | 2.97% | 198,139 | $156.1M | Add +13.0% |
| HOOD Robinhood Markets Inc. Class A | 2.54% | 1,462,246 | $133.7M | Add +69.0% |
| NVDA Nvidia Corp. | 2.48% | 824,371 | $130.2M | Reduce -60.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.94% | 200,000 | $101.9M | Reduce -38.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.92% | 207,826 | $101.0M | Add +83.0% |
| RGTI Rigetti Computing Inc. | 1.66% | 7,370,520 | $87.4M | Add +2372.9% |
| UNH Unitedhealth Group Inc. | 1.64% | 276,063 | $86.1M | Reduce -16.9% |
| HD Home Depot Inc. | 1.61% | 230,308 | $84.4M | Add +91.7% |
| MARA Mara Holdings Inc. | 1.60% | 5,376,354 | $84.3M | Add +1009.4% |
| QBTS D-Wave Quantum Inc. | 1.52% | 5,469,291 | $80.1M | Add +6019.1% |
| HUM Humana Inc. | 1.42% | 305,720 | $74.7M | New |
| RKLB Rocket Lab Corp. | 1.41% | 2,078,807 | $74.4M | Add +941.0% |
| GS Goldman Sachs Group Inc. | 1.28% | 95,016 | $67.2M | Add +71.2% |
| AMGN Amgen Inc. | 1.06% | 200,310 | $55.9M | Add +10.7% |
| CRM Salesforce Inc. | 1.05% | 203,118 | $55.4M | Add +222.2% |
| RDDT Reddit Inc. Class A | 1.04% | 364,220 | $54.8M | Add +2309.8% |
| BA The Boeing Co. | 1.03% | 258,521 | $54.2M | Reduce -50.7% |
| HIMS Hims & Hers Health Inc. | 1.02% | 1,081,476 | $53.6M | Add +233.0% |
| SPGI S&P Global Inc. | 1.00% | 100,058 | $52.8M | Add +97.6% |
| COST Costco Wholesale Corp. | 0.95% | 50,296 | $49.8M | Add +7406.9% |
| SYK Stryker Corp. | 0.95% | 125,733 | $49.7M | Reduce -61.4% |
| KLAC KLA Corp. | 0.86% | 50,407 | $45.2M | Reduce -57.5% |
| MRVL Marvell Technology Inc. | 0.79% | 537,900 | $41.6M | Add +977.7% |
| MCD McDonald's Corp. | 0.79% | 141,586 | $41.4M | Reduce -52.6% |
| BLK BlackRock Inc. | 0.77% | 38,824 | $40.7M | Reduce -31.5% |
| TMO Thermo Fisher Scientific Inc. | 0.77% | 100,436 | $40.7M | Reduce -17.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.77% | 73,375 | $40.5M | Add +148.1% |
| ADBE Adobe Inc. | 0.75% | 102,086 | $39.5M | Add +12888.0% |
| MCK McKesson Corp. | 0.72% | 51,370 | $37.6M | Add +5037.0% |
| LOW Lowe's Cos Inc. | 0.68% | 160,556 | $35.6M | Reduce -50.3% |
| RIOT Riot Platforms Inc. | 0.68% | 3,146,336 | $35.6M | Add +39.7% |
| NOW ServiceNow Inc. | 0.59% | 30,339 | $31.2M | Reduce -43.3% |
| CI The Cigna Group | 0.57% | 90,196 | $29.8M | New |
| TLT iShares 20+ Year Treasury BD | 0.54% | 323,349 | $28.5M | Add +0.1% |
| REGN Regeneron Pharmaceuticals | 0.51% | 51,433 | $27.0M | Reduce -27.4% |
| TEM Tempus AI Inc. Class A | 0.51% | 418,947 | $26.6M | Add +4328.1% |
| DELL Dell Technologies -C | 0.48% | 204,400 | $25.1M | Reduce -42.7% |
| ACHR Archer Aviation Inc. Class A | 0.47% | 2,276,367 | $24.7M | Add +6122.3% |
| IONQ Ionq Inc. | 0.46% | 561,660 | $24.1M | Reduce -46.7% |
| TMUS T-Mobile US Inc. | 0.46% | 100,525 | $24.0M | New |
| GOOG Alphabet Inc. Class C | 0.44% | 131,409 | $23.3M | Reduce -48.5% |
| GME Gamestop Corp. Class A | 0.44% | 939,386 | $22.9M | New |
| SBUX Starbucks Corp. | 0.43% | 248,027 | $22.7M | Add +0.5% |
| ISRG Intuitive Surgical Inc. | 0.42% | 40,463 | $22.0M | New |
| MSFT Microsoft Corp. | 0.41% | 43,200 | $21.5M | Reduce -82.4% |
| NFLX Netflix Inc. | 0.38% | 15,036 | $20.1M | Reduce -87.0% |
| AMAT Applied Materials Inc. | 0.38% | 109,853 | $20.1M | Reduce -12.5% |
| APP AppLovin Corp. Class A | 0.37% | 56,044 | $19.6M | Add +1020.4% |
| VRT Vertiv Holdings Co. Class A | 0.36% | 147,131 | $18.9M | Add +669.6% |
| CASY Casey's General Stores Inc. | 0.34% | 35,145 | $17.9M | New |
| OKLO Oklo Inc. | 0.33% | 308,040 | $17.2M | New |
| BABA Alibaba Group Holding-SP ADR | 0.33% | 151,120 | $17.1M | Reduce -13.6% |
| ETHA iShares Ethereum Trust ETF | 0.32% | 887,275 | $16.9M | Add +56.9% |
| FDX FedEx Corp. | 0.30% | 70,000 | $15.9M | Add +4134.7% |
| AAPL Apple Inc. | 0.28% | 71,192 | $14.6M | Reduce -13.8% |
| SMCI Super Micro Computer Inc. | 0.27% | 288,074 | $14.1M | Reduce -71.7% |
| ORCL Oracle Corp. | 0.27% | 64,163 | $14.0M | Reduce -55.0% |
| TME Tencent Music Entertainm-ADR | 0.26% | 700,702 | $13.7M | Reduce -4.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.24% | 181,066 | $12.5M | Add +150.8% |
| PDD PDD Holdings Inc. | 0.24% | 118,650 | $12.4M | Add +170.5% |
| FXI iShares China Large-Cap ETF | 0.23% | 332,137 | $12.2M | Reduce -53.2% |
| LMT Lockheed Martin Corp. | 0.23% | 26,204 | $12.1M | Add +2466.5% |
| UPST Upstart Holdings Inc. | 0.22% | 182,740 | $11.8M | Add +2565.8% |
| AMD Advanced Micro Devices | 0.21% | 79,591 | $11.3M | Reduce -62.5% |
| AVGO Broadcom Inc. | 0.21% | 40,804 | $11.2M | Reduce -93.3% |
| SOFI Sofi Technologies Inc. | 0.21% | 613,903 | $11.2M | Add +42.1% |
| ASTS Ast Spacemobile Inc. | 0.21% | 231,767 | $10.8M | Add +5.3% |
| FBTC Fidelity Wise Origin Bitcoin | 0.21% | 114,882 | $10.8M | Reduce -24.0% |
| SANA Sana Biotechnology Inc. | 0.20% | 3,817,780 | $10.4M | Add +6263.0% |
| TGTX TG Therapeutics Inc. | 0.19% | 278,316 | $10.0M | Add +1.2% |
| MELI MercadoLibre Inc. | 0.19% | 3,793 | $9.9M | Add +148.4% |
| AMZN Amazon.com Inc. | 0.18% | 44,146 | $9.7M | Add +42.3% |
| INTC Intel Corp. | 0.17% | 407,753 | $9.1M | Reduce -6.4% |
| EQIX Equinix Inc. | 0.16% | 10,624 | $8.5M | Reduce -78.8% |
| XOP SS SPDR S&P Og Exp & Prod | 0.16% | 66,889 | $8.4M | Add +4052.0% |
| MTN Vail Resorts Inc. | 0.15% | 50,000 | $7.9M | New |
| LCID Lucid Group Inc. | 0.14% | 3,608,134 | $7.6M | New |
| IBIT iShares Bitcoin Trust ETF | 0.14% | 120,863 | $7.4M | Reduce -98.2% |
| BIDU Baidu Inc. - Spon ADR | 0.14% | 83,956 | $7.2M | Add +597.5% |
| NEM Newmont Corp. | 0.14% | 122,280 | $7.1M | Reduce -11.0% |
| SLV iShares Silver Trust | 0.13% | 214,668 | $7.0M | Reduce -62.9% |
| EXE Expand Energy Corp. | 0.13% | 59,774 | $7.0M | Add +72.0% |
| QUBT Quantum Computing Inc. | 0.13% | 352,607 | $6.8M | Add +812.9% |
| JD Jd.com Inc.-ADR | 0.12% | 196,354 | $6.4M | Add +46.8% |
| ECL Ecolab Inc. | 0.12% | 22,790 | $6.1M | New |
| NVR NVR Inc. | 0.12% | 827 | $6.1M | Reduce -1.3% |
| TECK Teck Resources Ltd.-CLS B | 0.12% | 150,321 | $6.1M | No change |
| FSLR First Solar Inc. | 0.11% | 35,993 | $6.0M | Add +12.3% |
| ITW Illinois Tool Works | 0.11% | 23,818 | $5.9M | New |
| APD Air Products & Chemicals Inc. | 0.11% | 20,749 | $5.9M | New |
| NTLA Intellia Therapeutics Inc. | 0.11% | 623,600 | $5.8M | New |
| COIN Coinbase Global Inc. Class A | 0.11% | 15,846 | $5.6M | Add +32.9% |
| UBER Uber Technologies Inc. | 0.10% | 59,105 | $5.5M | Add +0.4% |
| MKL Markel Group Inc. | 0.10% | 2,712 | $5.4M | Reduce -32.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.09% | 61,093 | $4.9M | Reduce -52.9% |
Options reported separately and not counted above: MSTR puts ($1.3B), BKNG puts ($519.3M), MA puts ($433.8M), TSLA puts ($357.2M), TSLA calls ($244.6M), LLY puts ($220.2M), BRK.B puts ($194.3M), INTU puts ($153.6M), BKNG calls ($144.7M), NFLX puts ($120.5M), UNH puts ($112.3M), NFLX calls ($107.1M), and 113 more.
Other holdings (10): bonds, preferreds, convertibles and warrants · $312K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HELLO GROUP INC (MOMO 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | 260,000 | $259K | No change |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | 45,229 | $41K | Add +19.9% |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 28,333 | $6K | New |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 18,833 | $3K | New |
| LMP CAPITAL AND INCOME FUND | RIGHT 07/11/2025 | 10,000 | $711 | New |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 30,000 | $495 | No change |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 11,320 | $425 | No change |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 40,000 | $408 | New |
| KTTAW Pasithea Therapeutics -CW26 | *W EXP 08/12/202 | 25,000 | $388 | No change |
| GOVXW Geovax Labs Inc. -CW25 | *W EXP 09/29/202 | 10,000 | $250 | No change |
Total filed on the 13F, all lines: $5.3B.
Portfolio Sells Q1 2025 → Q2 2025
| IBIT iShares Bitcoin Trust ETF | Reduce -98.2% | 0.14% | −5.72 |
| BRRR Coinshares Bitcoin ETF | Sold out | 0.00% | −4.02 |
| NVDA Nvidia Corp. | Reduce -60.1% | 2.48% | −1.82 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −1.77 |
| AVGO Broadcom Inc. | Reduce -93.3% | 0.21% | −1.74 |
| UNH Unitedhealth Group Inc. | Reduce -16.9% | 1.64% | −1.70 |
| NFLX Netflix Inc. | Reduce -87.0% | 0.38% | −1.68 |
| SYK Stryker Corp. | Reduce -61.4% | 0.95% | −1.38 |
| MSFT Microsoft Corp. | Reduce -82.4% | 0.41% | −1.36 |
| LRCX Lam Research Corp. | Reduce -98.8% | 0.02% | −1.31 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −1.19 |
| MCD McDonald's Corp. | Reduce -52.6% | 0.79% | −1.00 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.85 |
| LOW Lowe's Cos Inc. | Reduce -50.3% | 0.68% | −0.77 |
| KLAC KLA Corp. | Reduce -57.5% | 0.86% | −0.69 |
| BA The Boeing Co. | Reduce -50.7% | 1.03% | −0.69 |
| EQIX Equinix Inc. | Reduce -78.8% | 0.16% | −0.62 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.61 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.58 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −0.55 |
| SMCI Super Micro Computer Inc. | Reduce -71.7% | 0.27% | −0.40 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.39 |
| TMO Thermo Fisher Scientific Inc. | Reduce -17.6% | 0.77% | −0.39 |
| CEG Constellation Energy | Sold out | 0.00% | −0.39 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.37 |
| PM Philip Morris International | Reduce -89.2% | 0.05% | −0.36 |
| TGT Target Corp. | Reduce -91.5% | 0.03% | −0.35 |
| REGN Regeneron Pharmaceuticals | Reduce -27.4% | 0.51% | −0.35 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.33 |
| GOOG Alphabet Inc. Class C | Reduce -48.5% | 0.44% | −0.32 |
| JNJ Johnson & Johnson | Reduce -95.9% | 0.01% | −0.31 |
| META Meta Platforms Inc. Class A | Reduce -81.8% | 0.09% | −0.29 |
| PHYS Sprott Physical Gold Trust | Sold out | 0.00% | −0.28 |
| AXP American Express Co. | Sold out | 0.00% | −0.26 |
| FXI iShares China Large-Cap ETF | Reduce -53.2% | 0.23% | −0.26 |
| BLK BlackRock Inc. | Reduce -31.5% | 0.77% | −0.25 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -38.0% | 1.94% | −0.25 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.23 |
| NOW ServiceNow Inc. | Reduce -43.3% | 0.59% | −0.22 |
| SLV iShares Silver Trust | Reduce -62.9% | 0.13% | −0.21 |
| AMD Advanced Micro Devices | Reduce -62.5% | 0.21% | −0.20 |
| STLA Stellantis NV | Sold out | 0.00% | −0.18 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.18 |
| NKE Nike Inc. Class B | Reduce -80.3% | 0.05% | −0.18 |
| QCOM Qualcomm Inc. | Reduce -93.4% | 0.01% | −0.17 |
| PSLV Sprott Physical Silver Trust | Sold out | 0.00% | −0.17 |
| BUR Burford Capital Ltd. | Sold out | 0.00% | −0.15 |
| DELL Dell Technologies -C | Reduce -42.7% | 0.48% | −0.15 |
| BMY Bristol-Myers Squibb Co. | Reduce -90.4% | 0.01% | −0.14 |
| VT Vanguard Tot World STK ETF | Sold out | 0.00% | −0.14 |
Portfolio Buys Q1 2025 → Q2 2025
| MA Mastercard Inc. Class A | Add +187.9% | 8.31% | +5.47 |
| MSTR Strategy Inc. | Add +12.1% | 14.45% | +5.18 |
| BKNG Booking Holdings Inc. | Add +103.7% | 7.13% | +4.32 |
| HOOD Robinhood Markets Inc. Class A | Add +69.0% | 2.54% | +1.85 |
| RGTI Rigetti Computing Inc. | Add +2372.9% | 1.66% | +1.62 |
| QBTS D-Wave Quantum Inc. | Add +6019.1% | 1.52% | +1.51 |
| MARA Mara Holdings Inc. | Add +1009.4% | 1.60% | +1.50 |
| HUM Humana Inc. | New | 1.42% | +1.42 |
| RKLB Rocket Lab Corp. | Add +941.0% | 1.41% | +1.35 |
| LLY Eli Lilly & Co. | Add +41.4% | 4.22% | +1.03 |
| RDDT Reddit Inc. Class A | Add +2309.8% | 1.04% | +1.01 |
| COST Costco Wholesale Corp. | Add +7406.9% | 0.95% | +0.93 |
| INTU Intuit Inc. | Add +13.0% | 2.97% | +0.90 |
| HIMS Hims & Hers Health Inc. | Add +233.0% | 1.02% | +0.84 |
| HD Home Depot Inc. | Add +91.7% | 1.61% | +0.76 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +83.0% | 1.92% | +0.76 |
| ADBE Adobe Inc. | Add +12888.0% | 0.75% | +0.75 |
| MRVL Marvell Technology Inc. | Add +977.7% | 0.79% | +0.73 |
| CRM Salesforce Inc. | Add +222.2% | 1.05% | +0.73 |
| MCK McKesson Corp. | Add +5037.0% | 0.72% | +0.70 |
| GS Goldman Sachs Group Inc. | Add +71.2% | 1.28% | +0.70 |
| CI The Cigna Group | New | 0.57% | +0.57 |
| SPGI S&P Global Inc. | Add +97.6% | 1.00% | +0.51 |
| QQQ Invesco QQQ Trust Series 1 | Add +148.1% | 0.77% | +0.50 |
| TEM Tempus AI Inc. Class A | Add +4328.1% | 0.51% | +0.50 |
| ACHR Archer Aviation Inc. Class A | Add +6122.3% | 0.47% | +0.46 |
| TMUS T-Mobile US Inc. | New | 0.46% | +0.46 |
| GME Gamestop Corp. Class A | New | 0.44% | +0.44 |
| ISRG Intuitive Surgical Inc. | New | 0.42% | +0.42 |
| RIOT Riot Platforms Inc. | Add +39.7% | 0.68% | +0.37 |
| APP AppLovin Corp. Class A | Add +1020.4% | 0.37% | +0.35 |
| CASY Casey's General Stores Inc. | New | 0.34% | +0.34 |
| VRT Vertiv Holdings Co. Class A | Add +669.6% | 0.36% | +0.33 |
| OKLO Oklo Inc. | New | 0.33% | +0.33 |
| FDX FedEx Corp. | Add +4134.7% | 0.30% | +0.29 |
| LMT Lockheed Martin Corp. | Add +2466.5% | 0.23% | +0.22 |
| UPST Upstart Holdings Inc. | Add +2565.8% | 0.22% | +0.22 |
| SANA Sana Biotechnology Inc. | Add +6263.0% | 0.20% | +0.20 |
| ETHA iShares Ethereum Trust ETF | Add +56.9% | 0.32% | +0.17 |
| XOP SS SPDR S&P Og Exp & Prod | Add +4052.0% | 0.16% | +0.16 |
| MTN Vail Resorts Inc. | New | 0.15% | +0.15 |
| LCID Lucid Group Inc. | New | 0.14% | +0.14 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +150.8% | 0.24% | +0.14 |
| PDD PDD Holdings Inc. | Add +170.5% | 0.24% | +0.14 |
| MELI MercadoLibre Inc. | Add +148.4% | 0.19% | +0.13 |
| QUBT Quantum Computing Inc. | Add +812.9% | 0.13% | +0.12 |
| ECL Ecolab Inc. | New | 0.12% | +0.12 |
| SOFI Sofi Technologies Inc. | Add +42.1% | 0.21% | +0.12 |
| BIDU Baidu Inc. - Spon ADR | Add +597.5% | 0.14% | +0.12 |
| ITW Illinois Tool Works | New | 0.11% | +0.11 |
Options Activity Q1 2025 → Q2 2025
| MSTR Strategy Inc. | put | New | 3,314,100 | $1.3B |
| BKNG Booking Holdings Inc. | put | New | 89,700 | $519.3M |
| MA Mastercard Inc. Class A | put | New | 772,000 | $433.8M |
| TSLA Tesla Inc. | put | New | 1,124,500 | $357.2M |
| TSLA Tesla Inc. | call | New | 770,000 | $244.6M |
| LLY Eli Lilly & Co. | put | New | 282,500 | $220.2M |
| BRK.B Berkshire Hathaway Inc. Class B | put | New | 400,000 | $194.3M |
| INTU Intuit Inc. | put | New | 195,000 | $153.6M |
| BKNG Booking Holdings Inc. | call | New | 25,000 | $144.7M |
| NFLX Netflix Inc. | put | New | 90,000 | $120.5M |
| UNH Unitedhealth Group Inc. | put | New | 360,000 | $112.3M |
| NFLX Netflix Inc. | call | New | 80,000 | $107.1M |
| MSFT Microsoft Corp. | put | New | 206,000 | $102.5M |
| CRWD CrowdStrike Holdings Inc. Class A | put | New | 200,000 | $101.9M |
| MSFT Microsoft Corp. | call | New | 203,300 | $101.1M |
| BRK.B Berkshire Hathaway Inc. Class B | call | New | 200,000 | $97.2M |
| IWM iShares Russell 2000 ETF | put | New | 392,500 | $84.7M |
| HD Home Depot Inc. | put | New | 230,000 | $84.3M |
| AAPL Apple Inc. | put | New | 377,600 | $77.5M |
| HUM Humana Inc. | put | New | 305,000 | $74.6M |
| IBIT iShares Bitcoin Trust ETF | call | New | 1,207,000 | $73.9M |
| NOW ServiceNow Inc. | put | New | 70,000 | $72.0M |
| AAPL Apple Inc. | call | New | 341,500 | $70.1M |
| GS Goldman Sachs Group Inc. | put | New | 95,000 | $67.2M |
| AMGN Amgen Inc. | put | New | 200,000 | $55.8M |
| CRM Salesforce Inc. | put | New | 200,000 | $54.5M |
| SPGI S&P Global Inc. | put | New | 100,000 | $52.7M |
| BA The Boeing Co. | put | New | 250,000 | $52.4M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 640,000 | $51.6M |
| COST Costco Wholesale Corp. | put | New | 50,000 | $49.5M |
| SYK Stryker Corp. | put | New | 125,000 | $49.5M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 87,500 | $48.3M |
| KLAC KLA Corp. | put | New | 50,000 | $44.8M |
| NOW ServiceNow Inc. | call | New | 40,000 | $41.1M |
| MCD McDonald's Corp. | put | New | 140,000 | $40.9M |
| BLK BlackRock Inc. | put | New | 37,500 | $39.3M |
| MSTR Strategy Inc. | call | New | 97,000 | $39.2M |
| ADBE Adobe Inc. | put | New | 100,000 | $38.7M |
| TMO Thermo Fisher Scientific Inc. | put | New | 95,000 | $38.5M |
| FBTC Fidelity Wise Origin Bitcoin | call | New | 400,000 | $37.6M |
| MCK McKesson Corp. | put | New | 50,000 | $36.6M |
| LOW Lowe's Cos Inc. | put | New | 160,000 | $35.5M |
| UNH Unitedhealth Group Inc. | call | New | 103,300 | $32.2M |
| CI The Cigna Group | put | New | 90,000 | $29.8M |
| REGN Regeneron Pharmaceuticals | put | New | 50,000 | $26.3M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | New | 310,000 | $25.0M |
| DELL Dell Technologies -C | put | New | 200,000 | $24.5M |
| TMUS T-Mobile US Inc. | put | New | 100,000 | $23.8M |
| GOOG Alphabet Inc. Class C | put | New | 130,000 | $23.1M |
| NVDA Nvidia Corp. | put | New | 145,000 | $22.9M |
Showing the first 50 of 125.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Sold out | 3,000,000 | $2.2Mbefore exit |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Sold out | 19,950 | $487Kbefore exit |
| CBDMD INC (YCBD 8 PERP A) | 8% SER A CUM PFD | Sold out | 164,677 | $222Kbefore exit |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | Add +19.9% | 45,229 | $41K |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | Sold out | 527,155 | $10Kbefore exit |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | New | 28,333 | $6K |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | New | 18,833 | $3K |
| LMP CAPITAL AND INCOME FUND | RIGHT 07/11/2025 | New | 10,000 | $711 |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | New | 40,000 | $408 |
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 | 944 | $13.5B | SNDK, MRVL, ASTS, AVGO, LITE |
| Q1 2026 | 868 | $9.6B | LITE, MSTR, AVGO, SNDK, BRRR |
| Q4 2025 | 822 | $9.2B | UNH, MSTR, BRRR, NVDA, IBIT |
| Q3 2025 | 684 | $8.1B | MSTR, BRRR, IBIT, NVDA, MA |
| Q2 2025 | 507 | $5.3B | MSTR, MA, BKNG, LLY, TSLA |
| Q1 2025 | 673 | $5.2B | MSTR, IBIT, NVDA, BRRR, UNH |
| Q4 2024 | 665 | $5.9B | NVDA, TSLA, IBIT, MSTR, AVGO |
| Q3 2024 | 589 | $4.4B | MSTR, IBIT, INTU, NVDA, BRRR |
| Q2 2024 | 621 | $3.7B | NVDA, IBIT, AVGO, COST, BRRR |
| Q1 2024 | 461 | $3.1B | NVDA, IBIT, AVGO, LLY, SMCI |