Monaco Asset Management SAM In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Monaco Asset Management SAM reported 66 stock positions worth $327.9 million . Its top holding was Patterson-Uti Energy (PTEN) at 12.5% of the portfolio, followed by Viatris (VTRS, 8.8% ) and Diageo PLC-Sponsored ADR (DEO, 4.6% ). Compared with Q3 2025, it opened 24 new positions, sold out of 27, added to 19 and reduced 20. The biggest buy was Patterson-Uti Energy (PTEN, shares +116% ) and the biggest sale an exit from Vale SA-SP ADR (VALE).
Location Monaco, O9
CIK 0001803593
Portfolio Value $327.9M (Q4 2025) Holdings 66 stocks · $327.9M 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 PTEN Patterson-Uti Energy Inc. 6,714,355 $41.0M Add +116.1% VTRS Viatris Inc. 2,330,295 $29.0M Add +0.1% DEO Diageo PLC-Sponsored ADR 174,500 $15.1M New BIDU Baidu Inc. - Spon ADR 107,500 $14.0M Add +53.6% TDOC Teladoc Health Inc. 1,956,947 $13.7M Add +159.2% HON Honeywell International Inc. 65,000 $12.7M New CSANY Cosan SA -ADR 3,004,813 $11.9M Add +200.5% MRVI Maravai Lifesciences Hldgs-A 3,460,190 $11.2M Reduce -5.4% SAM Boston Beer Company Inc. Class A 53,927 $10.5M New RCKT Rocket Pharmaceuticals Inc. 2,987,296 $10.5M Add +3.3% SDRL Seadrill Limited 258,547 $8.9M Reduce -2.8% IAUX I-80 Gold Corp. 5,970,154 $8.8M Reduce -29.3% CC The Chemours Co. 702,200 $8.3M Add +2240.7% CPRI Capri Holdings Ltd. 335,844 $8.2M Reduce -32.8% CLF Cleveland-Cliffs Inc. 575,000 $7.6M Add +76.9% LULU Lululemon Athletica Inc. 35,000 $7.3M Reduce -49.3% NVAX Novavax Inc. 1,045,000 $7.0M Add +161.3% GFS Globalfoundries Inc. 200,000 $7.0M New ARE Alexandria Real Estate Equit 134,500 $6.6M New STLA Stellantis NV 575,000 $6.4M Reduce -2.7% QDEL Quidelortho Corp. 202,595 $5.8M Add +131.0% NKTX Nkarta Inc. 2,546,932 $4.7M Add +29.2% JD Jd.com Inc.-ADR 160,000 $4.6M Add +60.0% BF.B Brown-Forman Corp. Class B 160,000 $4.2M New UNP Union Pacific Corp. 17,500 $4.0M New STZ Constellation Brands Inc. Class A 25,000 $3.4M New ZM Zoom Communications Inc. 37,500 $3.2M Reduce -6.3% ENPH Enphase Energy Inc. 85,000 $2.7M New JHX James Hardie Ind PLC 130,000 $2.7M New CENX Century Aluminum Company 65,000 $2.5M Reduce -61.5% AMRZ Amrize Ltd. 45,000 $2.4M New GEO The Geo Group Inc. 150,000 $2.4M New TROX Tronox Holdings PLC 571,253 $2.4M New PLRX Pliant Therapeutics Inc. 1,938,747 $2.4M Add +135.7% NE Noble Corp. PLC 80,000 $2.3M No change MSOS Advisorshares Pure US Cann 465,000 $2.2M Reduce -12.3% WHR Whirlpool Corp. 30,000 $2.2M New GT Goodyear Tire & Rubber Co. 240,000 $2.1M Add +140.0% VNDA Vanda Pharmaceuticals Inc. 196,286 $1.7M Reduce -20.8% HRTX Heron Therapeutics Inc. 1,233,022 $1.6M Add +23.0% BNTX Biontech SE-ADR 16,740 $1.6M New SFM Sprouts Farmers Market Inc. 20,000 $1.6M New GRWG Growgeneration Corp. 1,024,125 $1.5M Add +37.3% PRGO Perrigo Co. PLC 100,000 $1.4M Reduce -42.9% INGN Inogen Inc. 198,242 $1.3M Add +8.2% DVS Dolly Varden Silver Ltd. 290,200 $1.3M Reduce -3.5% TFX Teleflex Inc. 10,000 $1.2M New DOW Dow Inc. 50,000 $1.2M New DVN Devon Energy Corp. 30,000 $1.1M No change LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV 32,520 $1.1M Reduce -3.0% SSYS Stratasys Ltd. 115,000 $998K New GOSS Gossamer Bio Inc. 309,211 $959K Reduce -77.6% PRQR Proqr Therapeutics NV 428,803 $866K Reduce -6.8% ARVN Arvinas Inc. 70,253 $833K Reduce -90.1% FATE Fate Therapeutics Inc. 830,000 $816K Add +7.8% FISV Fiserv Inc. 10,000 $672K New MREO Mereo Biopharma Group PL-ADR 1,585,214 $661K Add +67.6% GLOB Globant SA 10,000 $654K New QURE Uniqure NV 25,000 $598K Reduce -37.4% BMA Banco Macro SA-ADR 5,900 $532K Reduce -92.9% GOLD Gold.com Inc. 14,000 $477K New RTAC Renatus Tactical Acquisiti-A 40,592 $433K No change AMWL American Well Corp. Class A 68,940 $338K New KRO Kronos Worldwide Inc. 40,000 $177K New QTTB Q32 Bio Inc. 50,919 $169K Reduce -83.6% LXRX Lexicon Pharmaceuticals Inc. 117,188 $135K Reduce -66.5%
Options reported separately and not counted above: NVDA puts ($51.3M), RY puts ($42.5M), COST puts ($34.9M), SLV puts ($32.2M), EWZ calls ($23.8M), ZM calls ($15.1M), AAPL puts ($10.9M), BMO puts ($9.7M), CVNA puts ($6.3M), XLF calls ($5.5M), CPNG calls ($4.7M), CTAS puts ($3.4M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $9.2M (not counted above) Security Class Shares / Principal Value Change IAUX.WS I-80 Gold Corp. -26 *W EXP 11/16/202 10,000,000 $9.2M No change
Total filed on the 13F, all lines: $337.1M.
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 ▲ VALE Vale SA-SP ADR Sold out 0.00% −5.86 AA Alcoa Corp. Sold out 0.00% −3.11 CYTK Cytokinetics Inc. Sold out 0.00% −2.50 ACLX Arcellx Inc. Sold out 0.00% −2.44 LULU Lululemon Athletica Inc. Reduce -49.3% 2.22% −2.43 PPTA Perpetua Resources Corp. Sold out 0.00% −2.07 ARVN Arvinas Inc. Reduce -90.1% 0.25% −2.04 NOV Nov Inc. Sold out 0.00% −1.88 ASHR Xtrackers Harvest Csi 300 CH Sold out 0.00% −1.56 HAL Halliburton Co. Sold out 0.00% −1.54 SOL Emeren Group Ltd. Sold out 0.00% −1.44 CPRI Capri Holdings Ltd. Reduce -32.8% 2.50% −1.27 BMA Banco Macro SA-ADR Reduce -92.9% 0.16% −1.16 CENX Century Aluminum Company Reduce -61.5% 0.78% −1.10 GOSS Gossamer Bio Inc. Reduce -77.6% 0.29% −1.08 PRGO Perrigo Co. PLC Reduce -42.9% 0.42% −1.05 BG Bunge Global SA Sold out 0.00% −0.77 BTG B2GOLD Corp. Sold out 0.00% −0.71 QURE Uniqure NV Reduce -37.4% 0.18% −0.70 MRVI Maravai Lifesciences Hldgs-A Reduce -5.4% 3.43% −0.54 TALO Talos Energy Inc. Sold out 0.00% −0.40 IAUX I-80 Gold Corp. Reduce -29.3% 2.67% −0.39 TEVA Teva Pharmaceutical-SP ADR Sold out 0.00% −0.38 WFRD Weatherford International PL Sold out 0.00% −0.38 TEO Telecom Argentina SA-SP ADR Sold out 0.00% −0.33 OFIX Orthofix Medical Inc. Sold out 0.00% −0.32 SDRL Seadrill Limited Reduce -2.8% 2.73% −0.32 PSKY Paramount Skydance Class B Sold out 0.00% −0.30 FET Forum Energy Technologies Inc. Sold out 0.00% −0.30 MSOS Advisorshares Pure US Cann Reduce -12.3% 0.67% −0.29 ALCO Alico Inc. Sold out 0.00% −0.29 RUM Rum Group Inc. Sold out 0.00% −0.27 VTYX Ventyx Biosciences Inc. Sold out 0.00% −0.27 ZM Zoom Communications Inc. Reduce -6.3% 0.99% −0.26 PRTA Prothena Corp. PLC Sold out 0.00% −0.26 TVRD Tvardi Therapeutics Inc. Sold out 0.00% −0.20 ALGN Align Technology Inc. Sold out 0.00% −0.19 DVS Dolly Varden Silver Ltd. Reduce -3.5% 0.39% −0.18 YPF YPF S.A.-Sponsored ADR Sold out 0.00% −0.18 QTTB Q32 Bio Inc. Reduce -83.6% 0.05% −0.18 GGAL Grupo Financiero Galicia-ADR Sold out 0.00% −0.16 LXRX Lexicon Pharmaceuticals Inc. Reduce -66.5% 0.04% −0.14 STLA Stellantis NV Reduce -2.7% 1.95% −0.12 LKFT Lakefront Biotherapeutic-ADR Reduce -3.0% 0.32% −0.12 TDW Tidewater Inc. Sold out 0.00% −0.11 PRQR Proqr Therapeutics NV Reduce -6.8% 0.26% −0.11 VNDA Vanda Pharmaceuticals Inc. Reduce -20.8% 0.53% +0.06
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 ▼ PTEN Patterson-Uti Energy Inc. Add +116.1% 12.51% +6.42 DEO Diageo PLC-Sponsored ADR New 4.59% +4.59 HON Honeywell International Inc. New 3.87% +3.87 SAM Boston Beer Company Inc. Class A New 3.21% +3.21 CC The Chemours Co. Add +2240.7% 2.52% +2.34 GFS Globalfoundries Inc. New 2.13% +2.13 ARE Alexandria Real Estate Equit New 2.01% +2.01 TDOC Teladoc Health Inc. Add +159.2% 4.18% +1.97 CSANY Cosan SA -ADR Add +200.5% 3.62% +1.88 BF.B Brown-Forman Corp. Class B New 1.27% +1.27 UNP Union Pacific Corp. New 1.23% +1.23 STZ Constellation Brands Inc. Class A New 1.05% +1.05 ENPH Enphase Energy Inc. New 0.83% +0.83 NVAX Novavax Inc. Add +161.3% 2.14% +0.83 CLF Cleveland-Cliffs Inc. Add +76.9% 2.33% +0.83 JHX James Hardie Ind PLC New 0.82% +0.82 BIDU Baidu Inc. - Spon ADR Add +53.6% 4.28% +0.79 QDEL Quidelortho Corp. Add +131.0% 1.76% +0.79 AMRZ Amrize Ltd. New 0.74% +0.74 GEO The Geo Group Inc. New 0.74% +0.74 TROX Tronox Holdings PLC New 0.73% +0.73 WHR Whirlpool Corp. New 0.66% +0.66 BNTX Biontech SE-ADR New 0.49% +0.49 SFM Sprouts Farmers Market Inc. New 0.49% +0.49 TFX Teleflex Inc. New 0.37% +0.37 GT Goodyear Tire & Rubber Co. Add +140.0% 0.64% +0.36 DOW Dow Inc. New 0.36% +0.36 SSYS Stratasys Ltd. New 0.30% +0.30 PLRX Pliant Therapeutics Inc. Add +135.7% 0.72% +0.26 FISV Fiserv Inc. New 0.20% +0.20 GLOB Globant SA New 0.20% +0.20 GOLD Gold.com Inc. New 0.15% +0.15 VTRS Viatris Inc. Add +0.1% 8.85% +0.12 AMWL American Well Corp. Class A New 0.10% +0.10 JD Jd.com Inc.-ADR Add +60.0% 1.40% +0.08 KRO Kronos Worldwide Inc. New 0.05% +0.05 HRTX Heron Therapeutics Inc. Add +23.0% 0.49% +0.01 GRWG Growgeneration Corp. Add +37.3% 0.47% −0.06 NKTX Nkarta Inc. Add +29.2% 1.44% −0.11 FATE Fate Therapeutics Inc. Add +7.8% 0.25% −0.12 INGN Inogen Inc. Add +8.2% 0.41% −0.16 RCKT Rocket Pharmaceuticals Inc. Add +3.3% 3.20% −0.37 MREO Mereo Biopharma Group PL-ADR Add +67.6% 0.20% −0.54
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 Sold out 1,350,000 $899.3Mbefore exit SLV iShares Silver Trust call Sold out 2,400,000 $101.7Mbefore exit QQQ Invesco QQQ Trust Series 1 put Sold out 145,000 $87.1Mbefore exit NVDA Nvidia Corp. put Add +89.7% 275,000 $51.3M RY Royal Bank of Canada put New 249,200 $42.5M MSFT Microsoft Corp. put Sold out 80,000 $41.4Mbefore exit COST Costco Wholesale Corp. put Reduce -4.7% 40,500 $34.9M SMH Vaneck Semiconductor ETF put Sold out 105,000 $34.3Mbefore exit SLV iShares Silver Trust put New 500,000 $32.2M LLY Eli Lilly & Co. put Sold out 35,000 $26.7Mbefore exit EWZ iShares MSCI Brazil ETF call Reduce -55.9% 750,000 $23.8M AZO AutoZone Inc. put Sold out 5,000 $21.5Mbefore exit ZM Zoom Communications Inc. call New 175,000 $15.1M XLV SS Health Care Select Sector put Sold out 101,500 $14.1Mbefore exit ABBV Abbvie Inc. put Sold out 35,000 $8.1Mbefore exit CVNA Carvana Co. put New 15,000 $6.3M XLF SS Financial Select Sector call New 100,000 $5.5M CPNG Coupang Inc. call New 200,000 $4.7M CTAS Cintas Corp. put Reduce -34.2% 18,300 $3.4M
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 35 $261.4M BABA, TDOC, DEO, FISV, SLV Q1 2026 56 $304.7M PTEN, SLV, TDOC, DEO, VTRS Q4 2025 66 $327.9M PTEN, VTRS, DEO, BIDU, TDOC Q3 2025 69 $264.1M VTRS, PTEN, VALE, LULU, MRVI Q2 2025 76 $264.0M B, BIDU, VTRS, PTEN, PPTA Q1 2025 66 $197.6M B, BIDU, VTRS, ASHR, PARAA Q4 2024 67 $224.8M VTRS, BIDU, B, BABA, PARAA Q3 2024 58 $238.9M VTRS, GDXJ, NEM, BIDU, ZM Q2 2024 54 $199.8M NEM, VTRS, ZM, PYPL, BIDU Q1 2024 49 $225.5M VTRS, AA, TEVA, GDX, ZM