Moore Capital Management, LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 12, 2025), Moore Capital Management, LP reported 348 stock positions worth $2.5 billion. Its top holding was State Street SPDR S&P Midcap (MDY) at 7.7% of the portfolio, followed by iShares Russell 2000 ETF (IWM, 6.4%) and SS SPDR S&P 500 ETF Trust-US (SPY, 4.5%). Compared with Q4 2024, it opened 143 new positions, sold out of 143, added to 64 and reduced 82. The biggest buy was iShares Russell 2000 ETF (IWM, shares +798%) and the biggest sale Nvidia (NVDA, shares −100%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001448574
Portfolio Value
$2.5B (Q1 2025)
SEC Filing
0001448574-25-000005 ↗ filed Aug 12, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $4.7B Q1 2024 Q2 2024: $4.4B Q2 2024 Q3 2024: $3.1B Q3 2024 Q4 2024: $5.0B Q4 2024 Q1 2025: $2.5B $2.5B Q1 2025 Q2 2025: $4.7B Q2 2025 Q3 2025: $4.9B Q3 2025 Q4 2025: $4.7B Q4 2025 Q1 2026: $2.5B Q1 2026 Q2 2026: $4.2B Q2 2026

Holdings 348 stocks · $2.5B
MDY State Street SPDR S&P Midcap 7.71% 365,925 $195.2M Reduce -30.6%
IWM iShares Russell 2000 ETF 6.38% 810,400 $161.7M Add +797.8%
SPY SS SPDR S&P 500 ETF Trust-US 4.55% 205,968 $115.2M New
ALLY Ally Financial Inc. 4.00% 2,777,641 $101.3M Reduce -8.1%
TLT iShares 20+ Year Treasury BD 2.57% 716,176 $65.2M New
UBS UBS Group AG-Reg 1.73% 1,442,286 $43.8M New
GPN Global Payments Inc. 1.44% 371,659 $36.4M Add +57.5%
PRMB Primo Brands Corp. 1.26% 903,102 $32.1M Reduce -47.9%
BABA Alibaba Group Holding-SP ADR 1.24% 238,000 $31.5M Add +735.1%
MRP Millrose Properties 1.17% 1,121,093 $29.7M New
DOW Dow Inc. 1.06% 766,660 $26.8M Add +1226.2%
WBS Webster Financial Corp. 1.04% 511,031 $26.3M Add +62.4%
KRE SS SPDR S&P Regional Bank 1.02% 456,390 $25.9M Reduce -74.6%
SCHW Schwab (charles) Corp. 1.00% 323,785 $25.3M Reduce -47.4%
ALIT Alight Inc. Class A 0.99% 4,247,533 $25.2M Add +9.7%
COF Capital One Financial Corp. 0.94% 132,735 $23.8M Reduce -41.8%
CMA Comerica Inc. 0.93% 398,206 $23.5M Add +9.7%
DD Dupont DE Nemours Inc. 0.92% 311,416 $23.3M New
TRV The Travelers Cos Inc. 0.90% 86,343 $22.8M New
TIC Tic Solutions Inc. filed as ACUREN CORP 0.79% 1,800,000 $20.0M New
MMM 3M Co. 0.78% 133,906 $19.7M Add +11.9%
RITM Rithm Capital Corp. 0.76% 1,675,000 $19.2M Add +8.4%
GFL GFL Environmental Inc.-Sub VT 0.71% 373,698 $18.1M Add +13.6%
ATS Ats Corp. 0.71% 722,482 $18.0M New
THC Tenet Healthcare Corp. 0.68% 127,535 $17.2M Add +131.8%
TFX Teleflex Inc. 0.67% 123,411 $17.1M Add +351.2%
UHS Universal Health Services-B 0.64% 86,859 $16.3M Add +141.8%
IEF iShares 7-10 Year Treasury B 0.64% 168,800 $16.1M New
V Visa Inc. Class A 0.63% 45,833 $16.1M Reduce -4.1%
NFLX Netflix Inc. 0.63% 17,195 $16.0M Add +16.0%
META Meta Platforms Inc. Class A 0.62% 27,241 $15.7M Reduce -76.3%
UBER Uber Technologies Inc. 0.62% 214,098 $15.6M Reduce -68.8%
TFII Tfi International Inc. 0.61% 199,307 $15.4M New
UNM Unum Group 0.61% 188,875 $15.4M New
SPOT Spotify Technology SA 0.60% 27,852 $15.3M Reduce -87.3%
CFG Citizens Financial Group 0.60% 371,659 $15.2M Add +2.4%
EMLC Vaneck JPM Em Local Curr BND 0.59% 629,590 $15.0M New
ARGX Argenx SE - ADR 0.58% 25,000 $14.8M Reduce -26.5%
QQQ Invesco QQQ Trust Series 1 0.57% 31,036 $14.6M New
KDP Keurig Dr Pepper Inc. 0.56% 418,013 $14.3M New
ASND Ascendis Pharma A/S 0.55% 90,000 $14.0M Add +350.0%
CCK Crown Holdings Inc. 0.55% 155,709 $13.9M New
WFC Wells Fargo & Co. 0.54% 188,876 $13.6M Reduce -75.7%
TKO Tko Group Holdings Inc. 0.54% 88,705 $13.6M Reduce -78.8%
MA Mastercard Inc. Class A 0.53% 24,649 $13.5M New
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.53% 277,523 $13.4M Add +122.5%
PH Parker Hannifin Corp. 0.53% 22,022 $13.4M Add +34.5%
DLTR Dollar Tree Inc. 0.53% 177,410 $13.3M New
RSP Invesco S&P 500 Equal Weight 0.52% 76,580 $13.3M Add +1459.0%
AON Aon PLC Class A 0.51% 32,379 $12.9M Reduce -82.7%
RBLX Roblox Corp. Class A 0.51% 219,900 $12.8M Reduce -77.2%
GEO The Geo Group Inc. 0.50% 435,982 $12.7M New
BWXT BWX Technologies Inc. 0.48% 124,566 $12.3M Add +73.5%
AVTR Avantor Inc. 0.48% 753,830 $12.2M Add +50.8%
CME Cme Group Inc. 0.47% 45,000 $11.9M Reduce -3.5%
ELV Elevance Health Inc. 0.46% 26,542 $11.5M Add +2517.6%
MRK Merck & Co. Inc. 0.46% 128,567 $11.5M New
MAN Manpowergroup Inc. 0.44% 191,026 $11.1M New
ICLR Icon PLC 0.44% 63,047 $11.0M Add +350.2%
UNH Unitedhealth Group Inc. 0.44% 21,059 $11.0M Reduce -29.8%
VTRS Viatris Inc. 0.43% 1,249,596 $10.9M New
RACE Ferrari NV 0.43% 25,563 $10.8M New
CCIX Churchill Capital Corp. Ix 0.42% 1,000,000 $10.8M No change
MOS The Mosaic Co. 0.42% 396,153 $10.7M Add +1427.6%
JPM JPMorgan Chase & Co. 0.42% 43,171 $10.6M New
DHR Danaher Corp. 0.41% 50,386 $10.3M New
BEAGU Bold Eagle Acquisition Corp. 0.41% 1,000,000 $10.3M No change
PNR Pentair PLC 0.40% 115,542 $10.1M Add +672.6%
ATI Ati Inc. 0.38% 186,849 $9.7M Add +212.4%
AMZN Amazon.com Inc. 0.38% 50,497 $9.6M Reduce -94.8%
TFC Truist Financial Corp. 0.38% 232,287 $9.6M Reduce -23.2%
CVS CVS Health Corp. 0.37% 140,000 $9.5M Reduce -70.6%
ABBV Abbvie Inc. 0.37% 45,000 $9.4M New
URI United Rentals Inc. 0.37% 15,008 $9.4M New
ICE Intercontinental Exchange Inc. 0.37% 53,964 $9.3M New
LUV Southwest Airlines Co. 0.37% 275,883 $9.3M New
PKG Packaging Corp. of America 0.37% 46,715 $9.3M New
LPLA LPL Financial Holdings Inc. 0.36% 27,896 $9.1M Reduce -82.6%
AMTM Amentum Holdings Inc. 0.36% 498,264 $9.1M Reduce -15.9%
RTX RTX Corp. 0.36% 68,150 $9.0M Add +13.9%
TXT Textron Inc. 0.36% 124,566 $9.0M New
HUM Humana Inc. 0.35% 33,130 $8.8M New
RARE Ultragenyx Pharmaceutical Inc. 0.34% 240,000 $8.7M Reduce -2.0%
NSC Norfolk Southern Corp. 0.33% 35,481 $8.4M Reduce -62.4%
IP International Paper Co. 0.33% 155,707 $8.3M Add +7.6%
SOC Sable Offshore Corp. 0.33% 325,000 $8.2M No change
CSTM Constellium SE 0.32% 809,677 $8.2M Add +125.6%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.32% 518,126 $8.1M Add +3.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.32% 81,993 $8.1M Add +50.3%
STLD Steel Dynamics Inc. 0.32% 64,506 $8.1M New
SYF Synchrony Financial 0.31% 146,009 $7.7M New
APO Apollo Global Management Inc. 0.30% 56,000 $7.7M Reduce -52.3%
BACQU Bleichroeder Acquisition Cor 0.30% 750,000 $7.6M No change
NDAQ Nasdaq Inc. 0.30% 98,667 $7.5M Reduce -85.0%
OC Owens Corning 0.28% 49,959 $7.1M New
WY Weyerhaeuser Co. 0.27% 233,431 $6.8M New
XRAY Dentsply Sirona Inc. 0.27% 455,927 $6.8M Add +285.0%
DHI D.R. Horton Inc. 0.27% 53,277 $6.8M New
ROL Rollins Inc. 0.27% 124,568 $6.7M New
ELAN Elanco Animal Health Inc. 0.26% 638,969 $6.7M New
DG Dollar General Corp. 0.26% 76,032 $6.7M New
GOOG Alphabet Inc. Class C 0.26% 42,500 $6.6M Add +53.4%
TOL Toll Brothers Inc. 0.26% 62,283 $6.6M New
NETD Nabors Energy Transition C-A 0.26% 600,000 $6.6M No change
ZBH Zimmer Biomet Holdings Inc. 0.26% 57,953 $6.6M Add +23.0%
HWM Howmet Aerospace Inc. 0.26% 49,827 $6.5M New
KEY Keycorp 0.25% 398,206 $6.4M Add +9.7%
PFE Pfizer Inc. 0.25% 250,000 $6.3M New
IGV iShares Expanded Tech-Softwa 0.25% 71,167 $6.3M New
GEV GE Vernova Inc. 0.25% 20,690 $6.3M Reduce -89.9%
CRL Charles River Laboratories 0.25% 41,925 $6.3M Add +189.4%
FWRD Forward Air Corp. 0.25% 311,416 $6.3M New
GOOGL Alphabet Inc. Class A 0.25% 40,264 $6.2M Reduce -92.0%
PPG PPG Industries Inc. 0.24% 56,709 $6.2M New
IQV Iqvia Holdings Inc. 0.24% 34,961 $6.2M New
HBAN Huntington Bancshares Inc. 0.24% 398,206 $6.0M Reduce -53.0%
KGC Kinross Gold Corp. 0.23% 468,176 $5.9M New
EXE Expand Energy Corp. 0.23% 52,862 $5.9M Reduce -8.3%
LEGT Legato Merger Corp. III 0.23% 550,000 $5.8M No change
FCX Freeport-McMoran Inc. 0.23% 151,922 $5.8M Add +137.4%
AYI Acuity Inc. 0.23% 21,800 $5.7M New
AR Antero Resources Corp. 0.22% 140,821 $5.7M New
CE Celanese Corp. 0.22% 100,140 $5.7M Reduce -47.8%
CELH Celsius Holdings Inc. 0.22% 159,036 $5.7M New
ARES ACQUISITION CORP II 0.22% 500,000 $5.6M No change
MQ Marqeta Inc. 0.22% 1,327,354 $5.5M Reduce -63.4%
OACCU Oaktree Acquisition III Life 0.22% 525,000 $5.4M No change
TXN Texas Instruments Inc. 0.21% 30,000 $5.4M Reduce -40.0%
ANSC Agriculture & Natural Soluti 0.21% 500,000 $5.3M No change
SE Sea Ltd.-ADR 0.20% 39,624 $5.2M Reduce -56.4%
AACBU Artius II Acquisition Inc. 0.20% 500,000 $5.1M New
RAC.U Rithm Acquisition Corp. 0.20% 500,000 $5.0M New
KFIIU K&F Growth Acquisition Corp. 0.20% 500,000 $5.0M New
NBIS Nebius Group NV 0.20% 238,095 $5.0M No change
SAIA Saia Inc. 0.20% 14,215 $5.0M New
CNI Canadian Natl Railway Co. 0.19% 49,814 $4.9M Reduce -9.4%
HES Hess Corp. 0.19% 30,000 $4.8M Add +36.5%
CORZ Core Scientific Inc. 0.19% 655,000 $4.7M Reduce -60.1%
VRT Vertiv Holdings Co. Class A 0.19% 65,298 $4.7M Reduce -83.6%
CNR Core Natural Resources Inc. 0.18% 60,390 $4.7M New
WWD Woodward Inc. 0.18% 25,404 $4.6M New
CC The Chemours Co. 0.18% 342,553 $4.6M Reduce -46.8%
JCI Johnson Controls Internation 0.18% 57,390 $4.6M Reduce -52.8%
ATIIU Archimedes Tech Spac Partner 0.18% 450,000 $4.5M New
ESAB Esab Corp. 0.17% 37,625 $4.4M New
COLOMBIER ACQUISITION CORP 0.17% 400,000 $4.3M No change
PM Philip Morris International 0.16% 26,025 $4.1M Add +185.6%
PRM Perimeter Solutions Inc. 0.16% 400,000 $4.0M New
DCGO Docgo Inc. 0.15% 1,465,000 $3.9M No change
MOD Modine Manufacturing Co. 0.15% 49,827 $3.8M Reduce -65.3%
DSGX The Descartes Systems Grp 0.15% 37,371 $3.8M New
AVAV Aerovironment Inc. 0.15% 31,142 $3.7M New
SKGR SK Growth Opportunities Co. Class A 0.14% 300,000 $3.7M No change
NXE Nexgen Energy Ltd. 0.14% 813,274 $3.6M Reduce -65.9%
FYBR Frontier Communications Pare 0.14% 100,000 $3.6M Reduce -65.2%
IAG Iamgold Corp. 0.14% 571,440 $3.6M New
RRX Regal Rexnord Corp. 0.14% 31,141 $3.5M New
LOKVU Live Oak Acquisition Corp. V 0.14% 350,000 $3.5M New
FLS Flowserve Corp. 0.14% 72,028 $3.5M Reduce -82.1%
CNQ Canadian Natural Resources 0.14% 111,451 $3.4M Reduce -68.9%
CVE Cenovus Energy Inc. 0.14% 246,490 $3.4M Reduce -36.6%
WMS Advanced Drainage Systems Inc. 0.13% 31,287 $3.4M New
IE Ivanhoe Electric Inc. / US 0.13% 579,640 $3.4M Add +36.9%
GLNG Golar LNG Ltd. 0.13% 88,500 $3.4M Reduce -62.2%
XPO Xpo Inc. 0.13% 31,141 $3.4M New
HAYMAKER ACQUISITION CORP 4 0.13% 300,000 $3.3M No change
IPG Interpublic Group of Cos Inc. 0.13% 119,400 $3.2M Add +429.3%
UNP Union Pacific Corp. 0.13% 13,616 $3.2M New
ROK Rockwell Automation Inc. 0.13% 12,401 $3.2M New
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.13% 600,000 $3.2M New
FTAI Ftai Aviation Ltd. 0.12% 28,500 $3.2M Add +32.6%
ESGR Enstar Group Ltd. 0.12% 9,400 $3.1M Add +6.8%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.12% 10,789 $3.1M New
HVIIU Hennessy Capital Investment 0.12% 300,000 $3.0M New
STX Seagate Technology Holdings 0.12% 35,000 $3.0M Add +16.7%
MSFT Microsoft Corp. 0.12% 7,875 $3.0M Reduce -98.4%
AAPL Apple Inc. 0.12% 13,216 $2.9M Reduce -97.4%
VST Vistra Corp. 0.11% 24,333 $2.9M Reduce -88.5%
TECK Teck Resources Ltd.-CLS B 0.11% 77,283 $2.8M Add +17.1%
LION Lionsgate Studios Corp. 0.11% 368,410 $2.8M No change
TAC Transalta Corp. 0.11% 303,000 $2.7M New
WDAY Workday Inc. Class A 0.10% 11,380 $2.7M New
INTU Intuit Inc. 0.10% 4,303 $2.6M New
ALDFU Aldel Financial II Inc. 0.10% 250,000 $2.6M No change
SBXDF Silverbox Corp. IV-A 0.10% 250,000 $2.5M No change
SVCCU Stellar V Capital Corp. 0.10% 250,000 $2.5M New
NHICU Newhold Investment Corp. III 0.10% 250,000 $2.5M New
GSHRU Gesher Acquisition Corp. II 0.10% 250,000 $2.5M New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.10% 32,178 $2.5M Add +14.6%
AXTA Axalta Coating Systems Ltd. 0.10% 74,184 $2.5M New
BIO Bio-Rad Laboratories-A 0.10% 10,000 $2.4M Reduce -77.8%
QGEN Qiagen N.V. 0.09% 59,898 $2.4M New
BA The Boeing Co. 0.09% 14,000 $2.4M Add +99.7%
NUE Nucor Corp. 0.09% 19,527 $2.3M Reduce -54.3%
GXO Gxo Logistics Inc. 0.09% 58,500 $2.3M Reduce -66.4%
CACI Caci International Inc. Class A 0.09% 6,228 $2.3M New
EQT Eqt Corp. 0.09% 42,500 $2.3M Reduce -44.8%
FLR Fluor Corp. 0.09% 62,282 $2.2M Reduce -92.4%
RNW Renew Energy Global PLC-A 0.09% 368,444 $2.2M Add +3.0%
SPKLF Spark I Acquisition Corp. 0.09% 200,000 $2.2M No change
SW Smurfit Westrock PLC 0.09% 47,778 $2.2M Reduce -85.8%
APP AppLovin Corp. Class A 0.08% 7,975 $2.1M Reduce -93.2%
DRDBU Roman DBDR Acquisition Corp. 0.08% 200,000 $2.1M No change
GPAT GP-Act III Acquisition-A 0.08% 200,000 $2.1M No change
MLACU Mountain Lake Acquisition Co. 0.08% 200,000 $2.1M No change
POLE Andretti Acquisition Corp. Class A 0.08% 200,000 $2.0M No change
FTW Eqv Ventures Acquisition C-A 0.08% 200,000 $2.0M New
NTWOU Newbury Street II Acquisitio 0.08% 200,000 $2.0M No change
DYNCU Dynamix Corp. 0.08% 200,000 $2.0M No change
WBA Walgreens Boots Alliance Inc. 0.08% 180,000 $2.0M Add +27.7%
TNDM Tandem Diabetes Care Inc. 0.08% 104,451 $2.0M Add +397.4%
RVMD Revolution Medicines Inc. 0.08% 55,600 $2.0M No change
RIO Rio Tinto PLC-Spon ADR 0.08% 32,500 $2.0M New
CHX Championx Corp. 0.08% 65,000 $1.9M New
MAC COPPER LTD 0.08% 201,050 $1.9M No change
KO The Coca-Cola Co. 0.07% 26,036 $1.9M New
XENE Xenon Pharmaceuticals Inc. 0.07% 55,000 $1.8M No change
TXG 10X Genomics Inc. Class A 0.07% 210,230 $1.8M New
WULF Terawulf Inc. 0.07% 665,000 $1.8M Reduce -82.6%
AGIO Agios Pharmaceuticals Inc. 0.07% 60,000 $1.8M No change
SGRY Surgery Partners Inc. 0.07% 70,000 $1.7M Add +40.0%
AMT American Tower Corp. 0.07% 7,601 $1.7M Add +9.4%
QURE Uniqure NV 0.06% 150,000 $1.6M No change
ANSS Ansys Inc. 0.06% 5,000 $1.6M Add +400.0%
FICO Fair Isaac Corp. 0.06% 852 $1.6M Add +14.1%
RDUS Radius Recycling Inc. Class A 0.06% 53,591 $1.5M New
CTSH Cognizant Tech Solutions-A 0.06% 20,000 $1.5M New
SBAC SBA Communications Corp. 0.06% 6,880 $1.5M Add +9.4%
FERAU Fifth Era Acquisition Corp. I 0.06% 150,000 $1.5M New
SPGI S&P Global Inc. 0.06% 2,851 $1.4M New
XLP SS Consumer Staples Sel Sect 0.06% 17,676 $1.4M New
ACHR Archer Aviation Inc. Class A 0.06% 200,000 $1.4M Reduce -52.9%
CYTK Cytokinetics Inc. 0.06% 35,000 $1.4M No change
TYL Tyler Technologies Inc. 0.06% 2,402 $1.4M New
TRU Transunion 0.05% 16,394 $1.4M Add +3.5%
CRM Salesforce Inc. 0.05% 5,030 $1.3M Reduce -92.1%
DNB Dun & Bradstreet Holdings Inc. 0.05% 145,600 $1.3M New
ATAIBECKLEY INC filed as ATAI LIFE SCIENCES NV 0.05% 952,380 $1.3M New
TTWO Take-Two Interactive Softwre 0.05% 6,206 $1.3M Reduce -50.9%
CYBR Cyberark Software Ltd./Israel 0.05% 3,803 $1.3M Reduce -21.7%
CCI Crown Castle Inc. 0.05% 11,894 $1.2M Add +9.4%
CNL Collective Mining Ltd. 0.05% 133,948 $1.2M New
FRO Frontline PLC 0.05% 77,106 $1.1M Reduce -79.7%
ADSK Autodesk Inc. 0.04% 4,341 $1.1M Reduce -68.3%
BBOT Bridgebio Oncology Therapeut filed as HELIX ACQUISITION CORP II 0.04% 100,000 $1.1M No change
CCIR Cohen Circle Acquisitio Class A 0.04% 100,000 $1.1M New
JWN Nordstrom Inc. 0.04% 44,227 $1.1M Add +57.0%
OMCL Omnicell Inc. 0.04% 30,665 $1.1M New
SKE Skeena Resources Ltd. 0.04% 106,172 $1.1M New
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.04% 100,000 $1.0M New
CHEB Chenghe Acquisition II Co. 0.04% 100,000 $1.0M No change
TONT Graf Global Corp. Class A 0.04% 100,000 $1.0M No change
CEPO Cantor Equity Partners I-A 0.04% 100,000 $1.0M New
TDACU Translational Development Ac 0.04% 100,000 $1.0M No change
LPBB Launch Two Acquisition Class A 0.04% 100,000 $1.0M No change
WLACU Willow Lane Acquisition Corp. 0.04% 100,000 $1.0M No change
FACTU Fact II Acquisition Corp. 0.04% 100,000 $1.0M No change
PRME Prime Medicine Inc. 0.04% 500,000 $995K No change
HCAT Health Catalyst Inc. 0.04% 218,334 $989K New
AGS Playags Inc. 0.04% 80,000 $969K Add +20.8%
TRDA Entrada Therapeutics Inc. 0.04% 105,000 $949K No change
RANGU Range Capital Acquisition Co. 0.04% 90,000 $924K No change
TSLA Tesla Inc. 0.04% 3,452 $895K New
XLF SS Financial Select Sector 0.03% 17,660 $880K Reduce -93.1%
HLMN Hillman Solutions Corp. 0.03% 100,000 $879K No change
AVNS Avanos Medical Inc. 0.03% 61,287 $878K Add +65.3%
ADBE Adobe Inc. 0.03% 2,260 $867K New
ANGO Angiodynamics Inc. 0.03% 90,006 $845K New
EVRI Everi Holdings Inc. 0.03% 60,000 $820K Reduce -62.4%
TDOC Teladoc Health Inc. 0.03% 100,020 $796K Reduce -44.0%
MACI Melar Acquisition Corp. I-A 0.03% 75,000 $767K No change
PLMKU Plum Acquisition Corp. IV 0.03% 75,000 $758K New
TSM Taiwan Semiconductor-SP ADR 0.03% 4,483 $744K Reduce -96.6%
AMED Amedisys Inc. 0.03% 8,000 $741K Reduce -11.1%
RGNX Regenxbio Inc. 0.03% 100,000 $715K No change
T AT&T Inc. 0.03% 24,376 $689K Reduce -52.3%
PREMIER INC-CLASS A 0.03% 35,621 $687K New
TMUS T-Mobile US Inc. 0.03% 2,565 $684K New
DOCN Digitalocean Holdings Inc. 0.03% 20,000 $668K New
BKNG Booking Holdings Inc. 0.03% 144 $663K Reduce -54.6%
EFX Equifax Inc. 0.03% 2,714 $661K Reduce -20.5%
SGI Somnigroup International Inc. 0.03% 11,011 $659K New
EEM iShares MSCI Emerging Market 0.03% 15,000 $656K New
EBAY eBay Inc. 0.03% 9,617 $651K New
TEAM Atlassian Corp. Class A 0.03% 2,998 $636K Reduce -4.3%
DASH DoorDash Inc. Class A 0.02% 3,426 $626K Reduce -97.3%
SRDX Surmodics Inc. 0.02% 20,000 $611K New
TALK Talkspace Inc. 0.02% 236,999 $607K New
VIVID SEATS INC 0.02% 200,000 $592K No change
KWEB Kranesh Csi China Internet 0.02% 16,445 $574K New
MT Arcelormittal-NY Registered 0.02% 18,396 $567K New
TAVIU Tavia Acquisition Corp. 0.02% 50,000 $514K No change
VRNS Varonis Systems Inc. 0.02% 12,491 $505K New
STVN Stevanato Group SPA 0.02% 24,000 $490K No change
EVLV Evolv Technologies Holdings 0.02% 150,000 $468K No change
DRI Darden Restaurants Inc. 0.02% 2,250 $467K New
LII Lennox International Inc. 0.02% 788 $455K New
LNG Cheniere Energy Inc. 0.02% 1,981 $450K New
CCRN Cross Country Healthcare Inc. 0.02% 30,039 $447K Reduce -32.8%
PCTY Paylocity Holding Corp. 0.02% 2,375 $445K New
GWRE Guidewire Software Inc. 0.02% 2,310 $433K Reduce -83.1%
BCYC Bicycle Therapeutics PLC-ADR 0.02% 50,000 $425K New
K Kellanova 0.02% 5,000 $412K Reduce -95.2%
INV Innventure Inc. 0.02% 50,000 $386K No change
DESP Despegar.com Corp. 0.01% 20,000 $376K New
CRWD CrowdStrike Holdings Inc. Class A 0.01% 1,061 $374K New
ZGN Ermenegildo Zegna NV 0.01% 50,000 $370K No change
JNPR Juniper Networks Inc. 0.01% 10,000 $362K New
NVDA Nvidia Corp. 0.01% 3,320 $360K Reduce -99.8%
GES Guess? Inc. 0.01% 32,000 $354K New
ORLY O'reilly Automotive Inc. 0.01% 240 $344K New
MKTX Marketaxess Holdings Inc. 0.01% 1,506 $326K New
GDX Vaneck Gold Miners ETF 0.01% 7,000 $322K Reduce -60.0%
WMT Walmart Inc. 0.01% 3,548 $311K Reduce -99.4%
RIVN Rivian Automotive Inc. Class A 0.01% 25,000 $311K New
PINS Pinterest Inc. Class A 0.01% 9,866 $306K New
AMBP Ardagh Metal Packaging SA 0.01% 100,000 $302K No change
JOBY Joby Aviation Inc. 0.01% 50,000 $301K No change
BAH Booz Allen Hamilton Holdings 0.01% 2,824 $295K New
OKTA Okta Inc. 0.01% 2,714 $286K New
PHM Pultegroup Inc. 0.01% 2,703 $278K Add +9.4%
COST Costco Wholesale Corp. 0.01% 290 $274K Reduce -77.5%
GPGI Gpgi Inc. filed as COMPOSECURE INC 0.01% 25,000 $272K New
RBRK Rubrik Inc. Class A 0.01% 4,408 $269K New
NPWR Net Power Inc. 0.01% 100,000 $263K Add +100.0%
SONDQ Sonder Holdings Inc. 0.01% 124,320 $249K No change
SBUX Starbucks Corp. 0.01% 2,511 $246K Reduce -99.5%
MELI MercadoLibre Inc. 0.01% 122 $238K New
PRA Proassurance Corp. 0.01% 10,000 $234K New
EPAM Epam Systems Inc. 0.01% 1,322 $223K Add +9.4%
ROKU Roku Inc. 0.01% 3,120 $220K New
ETSY Etsy Inc. 0.01% 4,528 $214K New
CART Maplebear Inc. 0.01% 5,247 $209K New
CVNA Carvana Co. 0.01% 964 $202K Reduce -99.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 1,647 $201K New
CNDT Conduent Inc. 0.01% 72,857 $197K New
NKE Nike Inc. Class B 0.01% 2,811 $178K New
NOTE Fiscalnote Holdings Inc. 0.01% 200,000 $162K New
CNCK Coincheck Group NV 0.01% 30,000 $152K No change
INCR Intercure Ltd. 0.01% 97,273 $136K No change
TH Target Hospitality Corp. 0.01% 20,000 $132K New
GCTS GCT Semiconductor Holding Inc. 0.00% 71,250 $117K No change
POLESTAR AUTOMOTIVE HLDG UK 0.00% 100,000 $105K New
BARK Bark Inc. 0.00% 50,000 $70K No change
INVZ Innoviz Technologies Ltd. 0.00% 100,000 $65K Add +100.0%
BRAND ENGAGEMENT NETWORK INC 0.00% 175,000 $60K No change
SPWR Sunpower Inc. filed as COMPLETE SOLARIA INC 0.00% 10,000 $16K No change
GGR Gogoro Inc. 0.00% 25,000 $7K No change

Options reported separately and not counted above: IWM puts ($367.4M), HYG puts ($248.5M), QQQ puts ($226.3M), SPY puts ($176.1M), QQQ calls ($161.5M), TLT calls ($91.0M), IWM calls ($79.8M), GDX calls ($71.2M), KRE calls ($32.2M), BAC calls ($28.1M), BABA puts ($26.5M), SLV calls ($24.8M), and 40 more.

Other holdings (69): bonds, preferreds, convertibles and warrants · $456.4M (not counted above)
SecurityClassShares / PrincipalValueChange
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 71,047,000$71.2MNew
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 50,668,000$67.2MAdd +0.3%
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal 57,091,000$65.4MNew
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal 51,095,000$49.1MAdd +538.7%
WIX LTD (WIX 0 08/15/25) NOTE 8/1 · principal 43,119,000$42.4MAdd +55.1%
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 40,300,000$40.3MNew
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal 36,001,000$34.7MReduce -26.5%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 19,415,000$19.5MNew
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal 17,026,000$17.0MNew
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 13,164,597$14.7MReduce -71.1%
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 11,500,000$12.1MNew
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 8,251,000$8.2MReduce -79.5%
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal 7,500,000$6.9MNo change
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 5,000,000$6.0MNew
OCSAW Oculis Holding AG -30 *W EXP 03/06/202 41,666$312KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 250,000$155KNo change
SKGRW SK Growth Opportunities -29 *W EXP 06/28/202 200,000$130KNo change
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 300,000$123KNo change
ABLLW East Resources Acquis -CW27 *W EXP 06/30/202 70,000$111KNo change
Colombier Acquisition - 29 *W EXP 11/24/202 133,333$107KNo change
ALVOW Alvotech SA -27 *W EXP 99/99/999 50,000$76KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 250,000$75KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 250,000$73KNo change
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 33,333$60KNew
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 275,000$53KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 500,000$52KNo change
USA RARE EARTH INC *W EXP 03/13/203 75,000$50KNew
AMBWQ Ambipar Emergency Respons-28 *W EXP 03/03/202 200,000$50KNo change
DRTSW Alpha Tau Medical Ltd. -27 *W EXP 99/99/999 175,000$42KNo change
CNCKW Coincheck Group NV *W EXP 12/11/202 50,000$35KNo change
SATLW Satellogic Inc.-A -23 *W EXP 01/25/202 66,666$32KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 150,000$31KNo change
NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 100,000$31KNo change
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 83,333$29KNew
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 250,000$28KNo change
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 250,000$28KNo change
MDAIW Spectral AI -CW27 *W EXP 09/11/202 100,000$26KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 66,666$22KNew
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 100,000$19KNo change
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 100,000$18KNew
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 50,000$15KNew
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 100,000$14KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 50,000$11KNew
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 125,000$9KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 50,000$9KNo change
MNYWW Moneyhero Ltd.-28 *W EXP 09/13/202 233,333$8KNo change
SESCW Ivanhoe Capital Class A -CW27 *W EXP 12/10/202 133,333$8KNo change
GGROW Gogoro Inc. -CW27 *W EXP 04/04/202 250,000$8KNo change
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 125,000$7KNo change
ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 150,000$7KNo change
COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 166,666$6KNo change
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 25,000$5KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 100,000$5KNo change
LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 250,000$5KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 37,500$5KNo change
PERFF Perfect Corp. *W EXP 10/28/202 112,500$5KNo change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 233,333$4KNo change
PARAW 7GC & Co. Holdings Class A -CW26 *W EXP 12/14/202 200,000$4KNo change
SDSTW Global Partner Acq A -CW27 *W EXP 06/21/202 58,333$4KNo change
LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 150,000$3KNo change
VSTWF Vast Solar PTY Ltd. -28 *W EXP 07/01/202 87,500$3KNo change
LDTDF Prospector Leddartech Alm-28 *W EXP 12/21/202 50,000$3KNo change
CHEB.WS Chenghe Acquisition II - 29 *W EXP 05/30/203 50,000$3KNo change
SMXWW SMX Security Matters PLC-28 *W EXP 03/07/202 75,000$2KNo change
ALURW Allurion Technologies-28 *W EXP 08/01/203 76,562$2KNo change
SSTPW SYSTEM1 Inc.-CW *W EXP 01/27/202 100,000$2KNo change
PIIIW P3 Health Partne -CW27 *W EXP 11/19/202 133,333$2KNo change
SONWQ Gores Metropoulos II -CW28 *W EXP 01/18/202 200,000$1KNo change
SWVLW Pivotal Holdings Corp. -CW27 *W EXP 99/99/999 83,333$1KNo change

Total filed on the 13F, all lines: $3.0B.

Portfolio Sells Q4 2024 → Q1 2025
NVDA Nvidia Corp. Reduce -99.8% 0.01% −6.03
MSFT Microsoft Corp. Reduce -98.4% 0.12% −4.14
AMZN Amazon.com Inc. Reduce -94.8% 0.38% −3.90
AAPL Apple Inc. Reduce -97.4% 0.12% −2.46
AMD Advanced Micro Devices Sold out 0.00% −2.20
QCOM Qualcomm Inc. Sold out 0.00% −1.86
GOOGL Alphabet Inc. Class A Reduce -92.0% 0.25% −1.67
SPOT Spotify Technology SA Reduce -87.3% 0.60% −1.37
AJG Arthur J Gallagher & Co. Sold out 0.00% −1.23
DLR Digital Realty Trust Inc. Sold out 0.00% −1.19
KRE SS SPDR S&P Regional Bank Reduce -74.6% 1.02% −1.17
GEV GE Vernova Inc. Reduce -89.9% 0.25% −1.12
CVNA Carvana Co. Reduce -99.6% 0.01% −1.06
WMT Walmart Inc. Reduce -99.4% 0.01% −1.03
AMAT Applied Materials Inc. Sold out 0.00% −0.99
BAC Bank of America Corp. Sold out 0.00% −0.95
SBUX Starbucks Corp. Reduce -99.5% 0.01% −0.92
COP Conocophillips Sold out 0.00% −0.88
AON Aon PLC Class A Reduce -82.7% 0.51% −0.85
META Meta Platforms Inc. Class A Reduce -76.3% 0.62% −0.74
NDAQ Nasdaq Inc. Reduce -85.0% 0.30% −0.73
VRT Vertiv Holdings Co. Class A Reduce -83.6% 0.19% −0.73
FLR Fluor Corp. Reduce -92.4% 0.09% −0.73
LPLA LPL Financial Holdings Inc. Reduce -82.6% 0.36% −0.70
APP AppLovin Corp. Class A Reduce -93.2% 0.08% −0.68
AVGO Broadcom Inc. Sold out 0.00% −0.67
TKO Tko Group Holdings Inc. Reduce -78.8% 0.54% −0.67
RBLX Roblox Corp. Class A Reduce -77.2% 0.51% −0.62
TRGP Targa Resources Corp. Sold out 0.00% −0.58
COHR Coherent Corp. Sold out 0.00% −0.57
WFC Wells Fargo & Co. Reduce -75.7% 0.54% −0.57
TSM Taiwan Semiconductor-SP ADR Reduce -96.6% 0.03% −0.50
TLN Talen Energy Corp. Sold out 0.00% −0.49
VST Vistra Corp. Reduce -88.5% 0.11% −0.48
BECN Beacon Roofing Supply Inc. Sold out 0.00% −0.46
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −0.46
CCJ Cameco Corp. Sold out 0.00% −0.45
HUT Hut 8 Corp. Sold out 0.00% −0.45
WST West Pharmaceutical Services Sold out 0.00% −0.42
DASH DoorDash Inc. Class A Reduce -97.3% 0.02% −0.41
TRP TC Energy Corp. Sold out 0.00% −0.39
CRM Salesforce Inc. Reduce -92.1% 0.05% −0.37
LVS Las Vegas Sands Corp. Sold out 0.00% −0.37
AFRM Affirm Holdings Inc. Sold out 0.00% −0.37
WULF Terawulf Inc. Reduce -82.6% 0.07% −0.37
CVX Chevron Corp. Sold out 0.00% −0.35
TS Tenaris SA-ADR Sold out 0.00% −0.34
HON Honeywell International Inc. Sold out 0.00% −0.33
FLS Flowserve Corp. Reduce -82.1% 0.14% −0.33
CI The Cigna Group Sold out 0.00% −0.32

Portfolio Buys Q4 2024 → Q1 2025
IWM iShares Russell 2000 ETF Add +797.8% 6.38% +5.98
SPY SS SPDR S&P 500 ETF Trust-US New 4.55% +4.55
TLT iShares 20+ Year Treasury BD New 2.57% +2.57
UBS UBS Group AG-Reg New 1.73% +1.73
BABA Alibaba Group Holding-SP ADR Add +735.1% 1.24% +1.19
MRP Millrose Properties New 1.17% +1.17
DOW Dow Inc. Add +1226.2% 1.06% +1.01
DD Dupont DE Nemours Inc. New 0.92% +0.92
GPN Global Payments Inc. Add +57.5% 1.44% +0.90
TRV The Travelers Cos Inc. New 0.90% +0.90
TIC Tic Solutions Inc. New 0.79% +0.79
ATS Ats Corp. New 0.71% +0.71
WBS Webster Financial Corp. Add +62.4% 1.04% +0.69
IEF iShares 7-10 Year Treasury B New 0.64% +0.64
TFII Tfi International Inc. New 0.61% +0.61
UNM Unum Group New 0.61% +0.61
EMLC Vaneck JPM Em Local Curr BND New 0.59% +0.59
TFX Teleflex Inc. Add +351.2% 0.67% +0.57
QQQ Invesco QQQ Trust Series 1 New 0.57% +0.57
KDP Keurig Dr Pepper Inc. New 0.56% +0.56
CCK Crown Holdings Inc. New 0.55% +0.55
THC Tenet Healthcare Corp. Add +131.8% 0.68% +0.54
MA Mastercard Inc. Class A New 0.53% +0.53
DLTR Dollar Tree Inc. New 0.53% +0.53
UHS Universal Health Services-B Add +141.8% 0.64% +0.51
RSP Invesco S&P 500 Equal Weight Add +1459.0% 0.52% +0.51
GEO The Geo Group Inc. New 0.50% +0.50
ASND Ascendis Pharma A/S Add +350.0% 0.55% +0.50
CMA Comerica Inc. Add +9.7% 0.93% +0.47
MMM 3M Co. Add +11.9% 0.78% +0.46
MRK Merck & Co. Inc. New 0.46% +0.46
ALIT Alight Inc. Class A Add +9.7% 0.99% +0.45
ELV Elevance Health Inc. Add +2517.6% 0.46% +0.45
MAN Manpowergroup Inc. New 0.44% +0.44
VTRS Viatris Inc. New 0.43% +0.43
RACE Ferrari NV New 0.43% +0.43
RITM Rithm Capital Corp. Add +8.4% 0.76% +0.42
JPM JPMorgan Chase & Co. New 0.42% +0.42
GFL GFL Environmental Inc.-Sub VT Add +13.6% 0.71% +0.42
MOS The Mosaic Co. Add +1427.6% 0.42% +0.41
AL Sumisho Air Lease Corp. Add +122.5% 0.53% +0.41
DHR Danaher Corp. New 0.41% +0.41
ICLR Icon PLC Add +350.2% 0.44% +0.38
ABBV Abbvie Inc. New 0.37% +0.37
URI United Rentals Inc. New 0.37% +0.37
PNR Pentair PLC Add +672.6% 0.40% +0.37
ICE Intercontinental Exchange Inc. New 0.37% +0.37
NFLX Netflix Inc. Add +16.0% 0.63% +0.37
LUV Southwest Airlines Co. New 0.37% +0.37
PKG Packaging Corp. of America New 0.37% +0.37

Options Activity Q4 2024 → Q1 2025
IWM iShares Russell 2000 ETF put Add +925.9% 1,841,500 $367.4M
NVDA Nvidia Corp. put Sold out 1,961,000 $263.3Mbefore exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Add +600.0% 3,150,000 $248.5M
QQQ Invesco QQQ Trust Series 1 put New 482,600 $226.3M
MSFT Microsoft Corp. put Sold out 500,000 $210.8Mbefore exit
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -28.9% 314,800 $176.1M
AMZN Amazon.com Inc. call Sold out 737,500 $161.8Mbefore exit
QQQ Invesco QQQ Trust Series 1 call New 344,400 $161.5M
AMZN Amazon.com Inc. put Sold out 700,000 $153.6Mbefore exit
RSP Invesco S&P 500 Equal Weight call Sold out 718,700 $125.9Mbefore exit
AMD Advanced Micro Devices put Sold out 900,000 $108.7Mbefore exit
QCOM Qualcomm Inc. put Sold out 600,000 $92.2Mbefore exit
TLT iShares 20+ Year Treasury BD call New 1,000,000 $91.0M
XLF SS Financial Select Sector call Sold out 1,700,000 $82.2Mbefore exit
IWM iShares Russell 2000 ETF call Reduce -41.5% 400,000 $79.8M
GDX Vaneck Gold Miners ETF call New 1,547,800 $71.2M
SPY SS SPDR S&P 500 ETF Trust-US call Sold out 120,000 $70.3Mbefore exit
GOOGL Alphabet Inc. Class A call Sold out 363,400 $68.8Mbefore exit
XLV SS Health Care Select Sector put Sold out 415,600 $57.2Mbefore exit
BA The Boeing Co. call Sold out 289,300 $51.2Mbefore exit
AMAT Applied Materials Inc. put Sold out 300,000 $48.8Mbefore exit
MSTR Strategy Inc. put Sold out 166,200 $48.1Mbefore exit
FXI iShares China Large-Cap ETF call Sold out 1,500,000 $45.7Mbefore exit
SBUX Starbucks Corp. put Sold out 500,000 $45.6Mbefore exit
WMT Walmart Inc. put Sold out 500,000 $45.2Mbefore exit
COF Capital One Financial Corp. call Sold out 242,100 $43.2Mbefore exit
LQD Ishr Ibx Usd Invgd CB ETF-Ui put Sold out 400,000 $42.7Mbefore exit
XLF SS Financial Select Sector put Sold out 800,000 $38.7Mbefore exit
IEF iShares 7-10 Year Treasury B put Sold out 400,000 $37.0Mbefore exit
XLE SS Energy Select Sector put Sold out 400,000 $34.3Mbefore exit
COP Conocophillips call Sold out 334,400 $33.2Mbefore exit
AAPL Apple Inc. call Sold out 130,000 $32.6Mbefore exit
KRE SS SPDR S&P Regional Bank call Reduce -6.4% 566,500 $32.2M
XRT SS SPDR S&P Retail ETF call Sold out 396,800 $31.6Mbefore exit
TSM Taiwan Semiconductor-SP ADR put Sold out 153,500 $30.3Mbefore exit
FCX Freeport-McMoran Inc. call Sold out 780,200 $29.7Mbefore exit
STLD Steel Dynamics Inc. call Sold out 250,900 $28.6Mbefore exit
BAC Bank of America Corp. call New 672,200 $28.1M
XLB SS Materials Select Sector call Sold out 332,400 $28.0Mbefore exit
XLB SS Materials Select Sector put Sold out 332,400 $28.0Mbefore exit
BABA Alibaba Group Holding-SP ADR put New 200,500 $26.5M
XOP SS SPDR S&P Og Exp & Prod call Sold out 200,000 $26.5Mbefore exit
SLV iShares Silver Trust call Add +60.0% 800,000 $24.8M
MAN Manpowergroup Inc. call New 413,500 $23.9M
VST Vistra Corp. call Sold out 167,200 $23.1Mbefore exit
XBI SS SPDR S&P Biotech ETF call Sold out 245,500 $22.1Mbefore exit
TFC Truist Financial Corp. call New 530,900 $21.8M
XYZ Block Inc. put Sold out 242,100 $20.6Mbefore exit
XBI SS SPDR S&P Biotech ETF put Sold out 200,000 $18.0Mbefore exit
LMND Lemonade Inc. put Sold out 484,100 $17.8Mbefore exit

Showing the first 50 of 114.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal New 71,047,000 $71.2M
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal Add +0.3% 50,668,000 $67.2M
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal New 57,091,000 $65.4M
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal Add +538.7% 51,095,000 $49.1M
WIX LTD (WIX 0 08/15/25) NOTE 8/1 · principal Add +55.1% 43,119,000 $42.4M
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal New 40,300,000 $40.3M
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal Reduce -26.5% 36,001,000 $34.7M
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal Sold out 38,285,000 $34.5Mbefore exit
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal Sold out 30,000,000 $29.8Mbefore exit
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Sold out 22,500,000 $22.7Mbefore exit
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Sold out 370,000 $22.5Mbefore exit
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal New 19,415,000 $19.5M
BLOCK INC (XYZ 0.125 03/01/25) NOTE 0.125% 3/0 · principal Sold out 18,585,000 $18.5Mbefore exit
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal New 17,026,000 $17.0M
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Reduce -71.1% 13,164,597 $14.7M
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal Sold out 12,500,000 $12.3Mbefore exit
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal New 11,500,000 $12.1M
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal Reduce -79.5% 8,251,000 $8.2M
PEGASYSTEMS INC (PEGA 0.75 03/01/25) NOTE 0.750% 3/0 · principal Sold out 8,000,000 $7.9Mbefore exit
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal New 5,000,000 $6.0M
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal Sold out 6,419,000 $5.0Mbefore exit
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 New 33,333 $60K
USA RARE EARTH INC *W EXP 03/13/203 New 75,000 $50K
USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 Sold out 75,000 $37Kbefore exit
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 New 83,333 $29K
EQV VENTURES ACQUISITION *W EXP 07/01/203 New 66,666 $22K
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 New 100,000 $18K
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 New 50,000 $15K
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 New 50,000 $11K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 515$4.2BNVDA, UBS, AMAT, HUT, IEF
Q1 2026 429$2.5BBAC, UBS, ALLY, APO, TSM
Q4 2025 482$4.7BRSP, BAC, SPY, GOOGL, AMZN
Q3 2025 438$4.9BMSFT, MDY, BAC, NVDA, SPY
Q2 2025 396$4.7BMDY, MSFT, NVDA, BAC, AMZN
Q1 2025Amended 348$2.5BMDY, IWM, SPY, ALLY, TLT
Q4 2024 348$5.0BMDY, NVDA, AMZN, MSFT, AAPL
Q3 2024 319$3.1BALLY, META, EQIX, NVDA, ABNB
Q2 2024 330$4.4BAMZN, ALLY, GEV, ADBE, CVNA
Q1 2024 295$4.7BAMZN, META, MSFT, VRT, DLR