In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Mark Asset Management LP reported 39 stock positions worth $892.6 million . Its top holding was Meta Platforms Class A (META) at 9.6% of the portfolio, followed by Nvidia (NVDA, 9.5% ) and Alphabet Class A (GOOGL, 8.7% ). Compared with Q3 2025, it opened 5 new positions, sold out of 13, added to 17 and reduced 17. The biggest buy was Meta Platforms Class A (META, shares +46% ) and the biggest sale Netflix (NFLX, shares −65% ).
Location New York, NY
CIK 0000860176
Portfolio Value $892.6M (Q4 2025) Holdings 39 stocks · $892.6M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 META Meta Platforms Inc. Class A 129,837 $85.7M Add +45.5% NVDA Nvidia Corp. 453,926 $84.7M Reduce -2.8% GOOGL Alphabet Inc. Class A 248,967 $77.9M Reduce -5.3% AMZN Amazon.com Inc. 244,503 $56.4M Reduce -6.4% MSFT Microsoft Corp. 109,045 $52.7M Add +10.6% FLUT Flutter Entertainment PLC-Di 241,260 $51.9M Add +74.6% BA The Boeing Co. 210,597 $45.7M Add +50.9% RTX RTX Corp. 222,794 $40.9M Reduce -2.9% GEV GE Vernova Inc. 59,109 $38.6M Reduce -17.9% WYNN WYNN Resorts Ltd. 266,817 $32.1M Add +5.3% DIS The Walt Disney Co. filed as DISNEY WALT CO 279,834 $31.8M Add +13.9% ARM Arm Holdings PLC-ADR 283,817 $31.0M Reduce -4.8% COF Capital One Financial Corp. 119,716 $29.0M Add +17.8% ORCL Oracle Corp. 140,516 $27.4M Add +12.7% AAPL Apple Inc. 99,588 $27.1M Reduce -30.7% RIOT Riot Platforms Inc. 1,433,286 $18.2M Add +75.4% ASML ASML Holding NV-NY Reg SHS 15,780 $16.9M Reduce -6.3% SPOT Spotify Technology SA 25,424 $14.8M Add +11.8% TSM Taiwan Semiconductor-SP ADR 42,231 $12.8M New GE General Electric filed as GE AEROSPACE 40,347 $12.4M Reduce -47.2% WFC Wells Fargo & Co. 118,683 $11.1M Reduce -31.3% NFLX Netflix Inc. 110,083 $10.3M Reduce -65.4% CRM Salesforce Inc. 38,023 $10.1M New UNP Union Pacific Corp. 42,239 $9.8M Add +852.6% CHYM Chime Financial Inc. Class A 308,983 $7.8M Reduce -15.1% SCHW Schwab (charles) Corp. 75,795 $7.6M Add +8.3% PSKY Paramount Skydance Class B 511,205 $6.9M Reduce -67.7% NKE Nike Inc. Class B 107,004 $6.8M New HUT Hut 8 Corp. 120,607 $5.5M Reduce -33.4% ISRG Intuitive Surgical Inc. 9,497 $5.4M New WBD Warner Bros Discovery Inc. 161,599 $4.7M New GOOG Alphabet Inc. Class C 13,199 $4.1M Reduce -0.1% SCHL Scholastic Corp. 112,891 $3.3M Add +33.4% AVGO Broadcom Inc. 8,766 $3.0M Reduce -27.9% TSLA Tesla Inc. 5,596 $2.5M Add +116.5% DKNG Draftkings Inc. Class A 52,522 $1.8M Add +62.7% SPG Simon Property Group Inc. 8,148 $1.5M Add +0.7% MLM Martin Marietta Materials 1,970 $1.2M Add +0.7% PINS Pinterest Inc. Class A 45,225 $1.2M Reduce -93.4%
Options reported separately and not counted above: SPY puts ($426.2M), TLT puts ($68.9M), NVDA calls ($51.3M), TSLA calls ($36.0M), AMZN calls ($18.5M), DIS calls ($6.8M), GOOGL calls ($6.3M), FLUT calls ($2.6M).
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ NFLX Netflix Inc. Reduce -65.4% 1.16% −2.74 DUOL Duolingo Sold out 0.00% −2.68 PSKY Paramount Skydance Class B Reduce -67.7% 0.77% −2.29 PINS Pinterest Inc. Class A Reduce -93.4% 0.13% −2.13 SBUX Starbucks Corp. Sold out 0.00% −1.76 ZS Zscaler Inc. Sold out 0.00% −1.45 NWSA News Corp. Class A Sold out 0.00% −1.17 BX Blackstone Inc. Sold out 0.00% −1.16 GE General Electric Reduce -47.2% 1.39% −0.96 ARM Arm Holdings PLC-ADR Reduce -4.8% 3.48% −0.83 LVS Las Vegas Sands Corp. Sold out 0.00% −0.71 AAPL Apple Inc. Reduce -30.7% 3.03% −0.70 TTWO Take-Two Interactive Softwre Sold out 0.00% −0.53 WFC Wells Fargo & Co. Reduce -31.3% 1.24% −0.24 GEV GE Vernova Inc. Reduce -17.9% 4.33% −0.19 ZG Zillow Group Inc. Class A Sold out 0.00% −0.19 BATRK Atlanta Braves Holdings in-C Sold out 0.00% −0.19 LQDA Liquidia Corp. Sold out 0.00% −0.10 MLYS Mineralys Therapeutics Inc. Sold out 0.00% −0.08 AVGO Broadcom Inc. Reduce -27.9% 0.34% −0.07 AMT American Tower Corp. Sold out 0.00% −0.04 HUT Hut 8 Corp. Reduce -33.4% 0.62% −0.02 BHVN Biohaven Ltd. Sold out 0.00% −0.02 CHYM Chime Financial Inc. Class A Reduce -15.1% 0.87% +0.12 GOOG Alphabet Inc. Class C Reduce -0.1% 0.46% +0.14 ASML ASML Holding NV-NY Reg SHS Reduce -6.3% 1.89% +0.23 AMZN Amazon.com Inc. Reduce -6.4% 6.32% +0.46 NVDA Nvidia Corp. Reduce -2.8% 9.48% +0.58 RTX RTX Corp. Reduce -2.9% 4.58% +0.66 GOOGL Alphabet Inc. Class A Reduce -5.3% 8.73% +2.20
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ META Meta Platforms Inc. Class A Add +45.5% 9.60% +2.91 FLUT Flutter Entertainment PLC-Di Add +74.6% 5.81% +2.23 BA The Boeing Co. Add +50.9% 5.12% +2.05 TSM Taiwan Semiconductor-SP ADR New 1.44% +1.44 CRM Salesforce Inc. New 1.13% +1.13 COF Capital One Financial Corp. Add +17.8% 3.25% +1.04 UNP Union Pacific Corp. Add +852.6% 1.09% +0.99 NKE Nike Inc. Class B New 0.76% +0.76 DIS The Walt Disney Co. Add +13.9% 3.57% +0.69 MSFT Microsoft Corp. Add +10.6% 5.91% +0.69 ISRG Intuitive Surgical Inc. New 0.60% +0.60 WBD Warner Bros Discovery Inc. New 0.52% +0.52 RIOT Riot Platforms Inc. Add +75.4% 2.03% +0.45 WYNN WYNN Resorts Ltd. Add +5.3% 3.60% +0.28 SCHW Schwab (charles) Corp. Add +8.3% 0.85% +0.17 TSLA Tesla Inc. Add +116.5% 0.28% +0.16 SCHL Scholastic Corp. Add +33.4% 0.37% +0.14 DKNG Draftkings Inc. Class A Add +62.7% 0.20% +0.08 SPOT Spotify Technology SA Add +11.8% 1.65% +0.03 SPG Simon Property Group Inc. Add +0.7% 0.17% +0.01 MLM Martin Marietta Materials Add +0.7% 0.14% +0.01 ORCL Oracle Corp. Add +12.7% 3.07% −0.51
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 625,000 $426.2M QQQ Invesco QQQ Trust Series 1 put Sold out 521,000 $312.8Mbefore exit TLT iShares 20+ Year Treasury BD put New 790,000 $68.9M NVDA Nvidia Corp. call Add +83.3% 275,000 $51.3M TSLA Tesla Inc. call Add +300.0% 80,000 $36.0M AVGO Broadcom Inc. call Sold out 60,000 $19.8Mbefore exit AMZN Amazon.com Inc. call Add +77.8% 80,000 $18.5M GEV GE Vernova Inc. call Sold out 30,000 $18.4Mbefore exit FLUT Flutter Entertainment PLC-Di call New 12,200 $2.6M
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 31 $987.1M NVDA, ARM, TSM, GOOGL, META Q1 2026 31 $753.0M NVDA, META, GOOGL, AMZN, TSM Q4 2025 39 $892.6M META, NVDA, GOOGL, AMZN, MSFT Q3 2025 47 $979.1M NVDA, META, GOOGL, AMZN, MSFT Q2 2025 44 $835.1M NVDA, META, AMZN, NFLX, MSFT Q1 2025 44 $664.4M META, NVDA, AMZN, AAPL, MSFT Q4 2024 41 $648.6M NVDA, META, AMZN, AAPL, MSFT Q3 2024 45 $809.0M NVDA, META, AAPL, ARM, AMZN Q2 2024 49 $756.5M NVDA, META, AMZN, ARM, AAPL Q1 2024 49 $739.9M NVDA, META, AMZN, MSFT, MLM