Moore Capital Management, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Moore Capital Management, LP reported 438 stock positions worth $4.9 billion. Its top holding was Microsoft (MSFT) at 5.1% of the portfolio, followed by State Street SPDR S&P Midcap (MDY, 4.1%) and Bank of America (BAC, 2.8%). Compared with Q2 2025, it opened 168 new positions, sold out of 122, added to 92 and reduced 83. The biggest buy was Freeport-McMoran (FCX, shares +5623%) and the biggest sale State Street SPDR S&P Midcap (MDY, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001448574
- Portfolio Value
- $4.9B (Q3 2025)
- SEC Filing
- 0001448574-25-000008 ↗ filed Nov 14, 2025
Holdings Value
Holdings 438 stocks · $4.9B
| MSFT Microsoft Corp. | 5.07% | 481,108 | $249.2M | Add +16.5% |
| MDY State Street SPDR S&P Midcap | 4.12% | 340,000 | $202.7M | Reduce -46.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.76% | 2,628,480 | $135.6M | Add +2.2% |
| NVDA Nvidia Corp. | 2.44% | 642,820 | $119.9M | Reduce -30.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.75% | 128,901 | $85.9M | Add +21.2% |
| ALLY Ally Financial Inc. | 1.59% | 1,991,829 | $78.1M | Add +13.0% |
| AON Aon PLC Class A | 1.54% | 212,192 | $75.7M | Add +5.6% |
| META Meta Platforms Inc. Class A | 1.51% | 100,837 | $74.1M | Add +19.4% |
| SPOT Spotify Technology SA | 1.48% | 104,470 | $72.9M | Add +64.1% |
| NFLX Netflix Inc. | 1.46% | 59,744 | $71.6M | Add +43.8% |
| RBLX Roblox Corp. Class A | 1.43% | 507,761 | $70.3M | Add +67.7% |
| CSX CSX Corp. | 1.38% | 1,904,818 | $67.6M | Reduce -7.2% |
| UBS UBS Group AG-Reg | 1.37% | 1,653,290 | $67.5M | Reduce -33.0% |
| CVNA Carvana Co. | 1.30% | 169,907 | $64.1M | Add +1.4% |
| FCX Freeport-McMoran Inc. | 1.29% | 1,613,495 | $63.3M | Add +5622.6% |
| SCHW Schwab (charles) Corp. | 1.19% | 614,240 | $58.6M | Add +57.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.13% | 3,462,251 | $55.4M | New |
| C Citigroup Inc. | 1.09% | 530,480 | $53.8M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 1.09% | 307,120 | $53.4M | New |
| UNM Unum Group | 1.04% | 658,912 | $51.3M | Add +195.0% |
| COF Capital One Financial Corp. | 1.04% | 241,073 | $51.2M | Reduce -21.5% |
| TSLA Tesla Inc. | 1.01% | 111,680 | $49.7M | Add +145.8% |
| COIN Coinbase Global Inc. Class A | 1.01% | 146,932 | $49.6M | Add +16.0% |
| XHB SS SPDR S&P Homebldrs ETF | 1.01% | 446,866 | $49.5M | New |
| TLT iShares 20+ Year Treasury BD | 1.01% | 553,858 | $49.5M | Add +23.9% |
| VRT Vertiv Holdings Co. Class A | 1.01% | 327,939 | $49.5M | Add +17.3% |
| AMZN Amazon.com Inc. | 0.98% | 218,371 | $47.9M | Reduce -55.9% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.96% | 743,280 | $47.3M | Add +128.1% |
| GLXY Galaxy Digital Inc. Class A | 0.94% | 1,362,250 | $46.1M | Add +32.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.91% | 145,184 | $45.0M | Add +13.0% |
| B Barrick Mining Corp. | 0.90% | 1,343,799 | $44.0M | New |
| KKR KKR & Co. Inc. | 0.89% | 335,040 | $43.5M | Add +20.0% |
| TT Trane Technologies PLC | 0.88% | 102,053 | $43.1M | New |
| CG The Carlyle Group Inc. | 0.85% | 670,080 | $42.0M | New |
| TLN Talen Energy Corp. | 0.82% | 94,928 | $40.4M | New |
| VST Vistra Corp. | 0.77% | 193,624 | $37.9M | Reduce -63.4% |
| APP AppLovin Corp. Class A | 0.77% | 52,681 | $37.9M | Reduce -56.6% |
| EMB iShares JP Morgan Usd Emergi | 0.72% | 374,000 | $35.6M | New |
| PWR Quanta Services Inc. | 0.67% | 79,115 | $32.8M | Add +18.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.64% | 113,295 | $31.6M | Add +32.2% |
| HUT Hut 8 Corp. | 0.64% | 903,440 | $31.4M | Add +83.5% |
| SW Smurfit Westrock PLC | 0.64% | 737,354 | $31.4M | New |
| CEG Constellation Energy | 0.64% | 94,929 | $31.2M | Reduce -39.3% |
| IWM iShares Russell 2000 ETF | 0.59% | 119,034 | $28.8M | Reduce -21.2% |
| STRIVE INC | 0.56% | 11,111,111 | $27.8M | New |
| KRE SS SPDR S&P Regional Bank | 0.54% | 415,650 | $26.3M | Reduce -52.5% |
| RIOT Riot Platforms Inc. | 0.53% | 1,368,401 | $26.0M | New |
| ECL Ecolab Inc. | 0.53% | 95,063 | $26.0M | New |
| XBI SS SPDR S&P Biotech ETF | 0.51% | 250,000 | $25.1M | Add +66.7% |
| WST West Pharmaceutical Services | 0.51% | 95,000 | $24.9M | New |
| CVS CVS Health Corp. | 0.50% | 325,000 | $24.5M | Reduce -13.3% |
| CRS Carpenter Technology | 0.49% | 97,923 | $24.0M | Add +250.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.49% | 40,001 | $24.0M | Add +412.2% |
| UNP Union Pacific Corp. | 0.48% | 99,447 | $23.5M | Add +137.1% |
| CRWV Coreweave Inc. Class A | 0.47% | 167,520 | $22.9M | New |
| DB Deutsche Bank AG-Registered | 0.45% | 632,001 | $22.2M | Reduce -63.2% |
| TIC Tic Solutions Inc. filed as ACUREN CORP | 0.45% | 1,666,939 | $22.2M | Add +66.7% |
| WWD Woodward Inc. | 0.42% | 81,732 | $20.7M | Add +109.8% |
| SAIA Saia Inc. | 0.41% | 67,901 | $20.3M | New |
| HBM Hudbay Minerals Inc. | 0.40% | 1,285,371 | $19.5M | New |
| RGEN Repligen Corp. | 0.39% | 145,000 | $19.4M | New |
| GPN Global Payments Inc. | 0.39% | 231,200 | $19.2M | Add +13.3% |
| ASND Ascendis Pharma A/S | 0.36% | 90,000 | $17.9M | Reduce -25.0% |
| ETN Eaton Corp. PLC | 0.36% | 47,206 | $17.7M | Reduce -9.7% |
| UNH Unitedhealth Group Inc. | 0.35% | 50,000 | $17.3M | Reduce -35.4% |
| ATI Ati Inc. | 0.35% | 211,002 | $17.2M | Add +29.5% |
| RITM Rithm Capital Corp. | 0.35% | 1,505,000 | $17.1M | Add +22.4% |
| SEE Sealed Air Corp. | 0.34% | 475,316 | $16.8M | New |
| AMRZ Amrize Ltd. | 0.34% | 339,510 | $16.5M | Reduce -65.8% |
| BLDR Builders Firstsource Inc. | 0.33% | 135,804 | $16.5M | Reduce -38.2% |
| CNM Core & Main Inc. Class A | 0.33% | 305,560 | $16.4M | New |
| ZBRA Zebra Technologies Corp. Class A | 0.33% | 54,322 | $16.1M | New |
| KBR KBR Inc. | 0.33% | 339,511 | $16.1M | New |
| BIO Bio-Rad Laboratories-A | 0.31% | 55,000 | $15.4M | New |
| MTZ Mastec Inc. | 0.31% | 72,393 | $15.4M | Add +40.9% |
| BCSS.U Bain Capital GSS Investment | 0.31% | 1,500,000 | $15.1M | New |
| JCI Johnson Controls Internation | 0.30% | 135,804 | $14.9M | Reduce -60.5% |
| RBA RB Global Inc. | 0.30% | 135,802 | $14.7M | Reduce -42.9% |
| HUBB Hubbell Inc. | 0.30% | 33,950 | $14.6M | New |
| BX Blackstone Inc. | 0.29% | 83,760 | $14.3M | New |
| AAON Aaon Inc. | 0.28% | 149,385 | $14.0M | New |
| ABBV Abbvie Inc. | 0.28% | 60,000 | $13.9M | Reduce -40.0% |
| CI The Cigna Group | 0.28% | 48,079 | $13.9M | Add +33.3% |
| GDX Vaneck Gold Miners ETF | 0.28% | 180,368 | $13.8M | Reduce -25.6% |
| AVGO Broadcom Inc. | 0.28% | 41,133 | $13.6M | Add +15.8% |
| PRMB Primo Brands Corp. | 0.27% | 611,117 | $13.5M | Reduce 0.0% |
| JHX James Hardie Ind PLC | 0.27% | 679,022 | $13.0M | Reduce -62.7% |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.26% | 335,040 | $13.0M | New |
| INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X | 0.26% | 1,000,000 | $12.9M | New |
| TFX Teleflex Inc. | 0.26% | 104,431 | $12.8M | Reduce -1.7% |
| SPXC SPX Technologies Inc. | 0.26% | 67,901 | $12.7M | New |
| AXTA Axalta Coating Systems Ltd. | 0.26% | 440,676 | $12.6M | Add +224.5% |
| ROKU Roku Inc. | 0.25% | 124,975 | $12.5M | Add +56.2% |
| GTEN Gores Holdings X Inc. Class A | 0.25% | 1,225,000 | $12.5M | New |
| PNR Pentair PLC | 0.25% | 111,560 | $12.4M | New |
| RGLD Royal Gold Inc. | 0.25% | 61,138 | $12.3M | New |
| PMTR Perimeter Acquis Corp. I Class A | 0.25% | 1,200,000 | $12.2M | No change |
| CME Cme Group Inc. | 0.25% | 45,000 | $12.2M | No change |
| AEXA American Exceptionalism Class A | 0.24% | 1,100,000 | $12.0M | New |
| MPWR Monolithic Power Systems Inc. | 0.24% | 12,894 | $11.9M | Reduce -35.5% |
Options reported separately and not counted above: SPY puts ($643.9M), IWM puts ($229.8M), MSFT calls ($130.2M), QQQ calls ($108.9M), META calls ($92.2M), TLT calls ($89.4M), AMZN calls ($85.8M), FCX calls ($61.5M), BABA calls ($57.4M), HYG puts ($56.8M), STLD calls ($50.6M), FXI calls ($49.4M), and 49 more.
Other holdings (119): bonds, preferreds, convertibles and warrants · $110.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 30,444,000 | $29.2M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 17,649,000 | $19.9M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 12,200,000 | $12.0M | Reduce -55.6% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 8,500,000 | $9.5M | New |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 8,861,000 | $8.8M | New |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | 7,475,000 | $7.4M | Reduce -0.3% |
| GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) | NOTE 5.875%10/0 · principal | 7,000,000 | $6.9M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 5,000,000 | $5.4M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 1,000,000 | $1.0M | New |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 150,000 | $912K | No change |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 250,000 | $888K | No change |
| USA RARE EARTH INC | *W EXP 03/13/203 | 75,000 | $541K | No change |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 750,000 | $510K | No change |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 600,000 | $360K | New |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 500,000 | $335K | No change |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 250,000 | $325K | No change |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 41,666 | $282K | No change |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 1,000,000 | $270K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 500,000 | $260K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 306,250 | $233K | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 200,000 | $213K | New |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 100,000 | $211K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 250,000 | $195K | No change |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 150,000 | $180K | No change |
| PEW.WS Grabagun Digital Holdings Inc. | *W EXP 99/99/999 | 133,333 | $167K | New |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 50,000 | $140K | No change |
| JENA ACQUISITION CORP II-RTS | RIGHT 03/31/2030 | 700,000 | $140K | No change |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 33,333 | $135K | New |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 500,000 | $120K | No change |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 100,000 | $120K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 166,666 | $110K | No change |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 100,000 | $110K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 275,000 | $102K | No change |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 150,000 | $98K | Add +0.1% |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 100,000 | $95K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 175,000 | $95K | No change |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 300,000 | $93K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 225,000 | $88K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 500,000 | $85K | No change |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 300,000 | $84K | No change |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 300,000 | $81K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 105,000 | $79K | No change |
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | 50,000 | $76K | No change |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 100,000 | $75K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 500,000 | $75K | No change |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 125,000 | $70K | No change |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 100,000 | $70K | No change |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 125,000 | $68K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 250,000 | $67K | No change |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 150,000 | $66K | New |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 400,000 | $65K | No change |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 300,000 | $63K | No change |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 50,000 | $61K | No change |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 175,000 | $60K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 100,000 | $60K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 150,000 | $59K | No change |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 100,000 | $51K | No change |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 50,000 | $48K | New |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 75,000 | $46K | No change |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 | 250,000 | $46K | No change |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 125,000 | $45K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 100,000 | $44K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 125,000 | $44K | No change |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 225,000 | $43K | No change |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 90,000 | $42K | No change |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 125,000 | $42K | No change |
| MCGAW Yorkville Acquisition - 30 | *W EXP 06/06/203 | 33,333 | $40K | No change |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 150,000 | $40K | No change |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 200,000 | $38K | No change |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 83,333 | $37K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 50,000 | $36K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 200,000 | $36K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 75,000 | $34K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 75,000 | $34K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 66,666 | $33K | No change |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 150,000 | $33K | New |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 50,000 | $33K | New |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 225,000 | $32K | No change |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 150,000 | $32K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 200,000 | $30K | No change |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 175,000 | $28K | No change |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 125,000 | $28K | No change |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 233,333 | $26K | No change |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 100,000 | $26K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 100,000 | $25K | No change |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 133,333 | $24K | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 125,000 | $23K | No change |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 66,666 | $23K | No change |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 100,000 | $20K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 50,000 | $19K | No change |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 | 125,000 | $18K | No change |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 250,000 | $18K | No change |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 100,000 | $17K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 50,000 | $17K | No change |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 75,000 | $16K | No change |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 50,000 | $15K | No change |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 50,000 | $14K | No change |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | 87,500 | $13K | No change |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 | 50,000 | $12K | No change |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 50,000 | $11K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 37,500 | $10K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 150,000 | $9K | No change |
| AMBWQ Ambipar Emergency Respons-28 | *W EXP 03/03/202 | 200,000 | $8K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 100,000 | $8K | No change |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 125,000 | $7K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 25,000 | $7K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 166,666 | $6K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 37,500 | $6K | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 250,000 | $6K | No change |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 200,000 | $5K | No change |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 | 58,333 | $4K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 233,333 | $4K | No change |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 150,000 | $3K | No change |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 200,000 | $2K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 76,562 | $2K | No change |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | 75,000 | $2K | No change |
| PERFF Perfect Corp. | *W EXP 10/28/202 | 112,500 | $2K | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 133,333 | $1K | No change |
| SWVLW Pivotal Holdings Corp. -CW27 | *W EXP 99/99/999 | 83,333 | $1K | No change |
Total filed on the 13F, all lines: $5.0B.
Portfolio Sells Q2 2025 → Q3 2025
| MDY State Street SPDR S&P Midcap | Reduce -46.4% | 4.12% | −3.58 |
| VST Vistra Corp. | Reduce -63.4% | 0.77% | −1.43 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −1.39 |
| AMZN Amazon.com Inc. | Reduce -55.9% | 0.98% | −1.35 |
| HON Honeywell International Inc. | Sold out | 0.00% | −1.31 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.96 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −0.88 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.81 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.80 |
| JHX James Hardie Ind PLC | Reduce -62.7% | 0.27% | −0.78 |
| AMRZ Amrize Ltd. | Reduce -65.8% | 0.34% | −0.72 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.70 |
| NVDA Nvidia Corp. | Reduce -30.4% | 2.44% | −0.69 |
| XYZ Block Inc. | Sold out | 0.00% | −0.65 |
| DB Deutsche Bank AG-Registered | Reduce -63.2% | 0.45% | −0.64 |
| MRP Millrose Properties | Reduce -78.4% | 0.19% | −0.58 |
| KRE SS SPDR S&P Regional Bank | Reduce -52.5% | 0.54% | −0.58 |
| RTX RTX Corp. | Sold out | 0.00% | −0.53 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.53 |
| EMLC Vaneck JPM Em Local Curr BND | Sold out | 0.00% | −0.49 |
| JCI Johnson Controls Internation | Reduce -60.5% | 0.30% | −0.47 |
| CEG Constellation Energy | Reduce -39.3% | 0.64% | −0.45 |
| IP International Paper Co. | Reduce -89.0% | 0.05% | −0.43 |
| ATS Ats Corp. | Sold out | 0.00% | −0.42 |
| UBS UBS Group AG-Reg | Reduce -33.0% | 1.37% | −0.42 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.40 |
| WCC Wesco International Inc. | Sold out | 0.00% | −0.39 |
| GEV GE Vernova Inc. | Reduce -93.5% | 0.03% | −0.36 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −0.36 |
| COF Capital One Financial Corp. | Reduce -21.5% | 1.04% | −0.36 |
| PKG Packaging Corp. of America | Reduce -79.4% | 0.10% | −0.34 |
| ARGX Argenx SE - ADR | Reduce -68.1% | 0.23% | −0.33 |
| CC The Chemours Co. | Sold out | 0.00% | −0.31 |
| MA Mastercard Inc. Class A | Reduce -75.7% | 0.09% | −0.30 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.29 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −0.27 |
| BG Bunge Global SA | Sold out | 0.00% | −0.27 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.25 |
| RBA RB Global Inc. | Reduce -42.9% | 0.30% | −0.24 |
| XLP SS Consumer Staples Sel Sect | Reduce -49.3% | 0.21% | −0.24 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.23 |
| TRMB Trimble Inc. | Sold out | 0.00% | −0.23 |
| MAN Manpowergroup Inc. | Sold out | 0.00% | −0.22 |
| BLDR Builders Firstsource Inc. | Reduce -38.2% | 0.33% | −0.22 |
| FLR Fluor Corp. | Reduce -35.7% | 0.21% | −0.21 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.21 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.21 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.20 |
| MIR Mirion Technologies Inc. | Sold out | 0.00% | −0.19 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.18 |
Portfolio Buys Q2 2025 → Q3 2025
| FCX Freeport-McMoran Inc. | Add +5622.6% | 1.29% | +1.26 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 1.13% | +1.13 |
| C Citigroup Inc. | New | 1.09% | +1.09 |
| FUTU Futu Holdings Ltd.-ADR | New | 1.09% | +1.09 |
| XHB SS SPDR S&P Homebldrs ETF | New | 1.01% | +1.01 |
| B Barrick Mining Corp. | New | 0.90% | +0.90 |
| TT Trane Technologies PLC | New | 0.88% | +0.88 |
| CG The Carlyle Group Inc. | New | 0.85% | +0.85 |
| TLN Talen Energy Corp. | New | 0.82% | +0.82 |
| RBLX Roblox Corp. Class A | Add +67.7% | 1.43% | +0.75 |
| EMB iShares JP Morgan Usd Emergi | New | 0.72% | +0.72 |
| TSLA Tesla Inc. | Add +145.8% | 1.01% | +0.70 |
| MSFT Microsoft Corp. | Add +16.5% | 5.07% | +0.66 |
| UNM Unum Group | Add +195.0% | 1.04% | +0.66 |
| SW Smurfit Westrock PLC | New | 0.64% | +0.64 |
| STRIVE INC | New | 0.56% | +0.56 |
| AL Sumisho Air Lease Corp. | Add +128.1% | 0.96% | +0.55 |
| RIOT Riot Platforms Inc. | New | 0.53% | +0.53 |
| ECL Ecolab Inc. | New | 0.53% | +0.53 |
| WST West Pharmaceutical Services | New | 0.51% | +0.51 |
| CRWV Coreweave Inc. Class A | New | 0.47% | +0.47 |
| GLXY Galaxy Digital Inc. Class A | Add +32.0% | 0.94% | +0.45 |
| HUT Hut 8 Corp. | Add +83.5% | 0.64% | +0.44 |
| SPOT Spotify Technology SA | Add +64.1% | 1.48% | +0.43 |
| SCHW Schwab (charles) Corp. | Add +57.1% | 1.19% | +0.43 |
| SAIA Saia Inc. | New | 0.41% | +0.41 |
| HBM Hudbay Minerals Inc. | New | 0.40% | +0.40 |
| QQQ Invesco QQQ Trust Series 1 | Add +412.2% | 0.49% | +0.40 |
| RGEN Repligen Corp. | New | 0.39% | +0.39 |
| SEE Sealed Air Corp. | New | 0.34% | +0.34 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +21.2% | 1.75% | +0.34 |
| CNM Core & Main Inc. Class A | New | 0.33% | +0.33 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.33% | +0.33 |
| KBR KBR Inc. | New | 0.33% | +0.33 |
| CRS Carpenter Technology | Add +250.4% | 0.49% | +0.32 |
| BIO Bio-Rad Laboratories-A | New | 0.31% | +0.31 |
| BCSS.U Bain Capital GSS Investment | New | 0.31% | +0.31 |
| HUBB Hubbell Inc. | New | 0.30% | +0.30 |
| BX Blackstone Inc. | New | 0.29% | +0.29 |
| AAON Aaon Inc. | New | 0.28% | +0.28 |
| UNP Union Pacific Corp. | Add +137.1% | 0.48% | +0.27 |
| GDS GDS Holdings Ltd. - ADR | New | 0.26% | +0.26 |
| NFLX Netflix Inc. | Add +43.8% | 1.46% | +0.26 |
| INFQ Infleqtion Inc. | New | 0.26% | +0.26 |
| SPXC SPX Technologies Inc. | New | 0.26% | +0.26 |
| GTEN Gores Holdings X Inc. Class A | New | 0.25% | +0.25 |
| PNR Pentair PLC | New | 0.25% | +0.25 |
| RGLD Royal Gold Inc. | New | 0.25% | +0.25 |
| AEXA American Exceptionalism Class A | New | 0.24% | +0.24 |
| XBI SS SPDR S&P Biotech ETF | Add +66.7% | 0.51% | +0.24 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +22.1% | 966,500 | $643.9M |
| IWM iShares Russell 2000 ETF | put | Reduce -39.7% | 949,700 | $229.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 341,900 | $211.2Mbefore exit |
| MSFT Microsoft Corp. | call | New | 251,300 | $130.2M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -88.5% | 181,400 | $108.9M |
| XLE SS Energy Select Sector | put | Sold out | 1,209,500 | $102.6Mbefore exit |
| META Meta Platforms Inc. Class A | call | New | 125,600 | $92.2M |
| TLT iShares 20+ Year Treasury BD | call | Add +900.0% | 1,000,000 | $89.4M |
| AMZN Amazon.com Inc. | call | Add +100.0% | 390,800 | $85.8M |
| FCX Freeport-McMoran Inc. | call | Add +270.4% | 1,567,700 | $61.5M |
| KRE SS SPDR S&P Regional Bank | put | Sold out | 1,000,000 | $59.4Mbefore exit |
| BABA Alibaba Group Holding-SP ADR | call | New | 320,900 | $57.4M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +100.0% | 700,000 | $56.8M |
| XLF SS Financial Select Sector | call | Sold out | 1,000,000 | $52.4Mbefore exit |
| STLD Steel Dynamics Inc. | call | New | 362,900 | $50.6M |
| EEM iShares MSCI Emerging Market | call | Sold out | 1,025,000 | $49.4Mbefore exit |
| FXI iShares China Large-Cap ETF | call | New | 1,200,000 | $49.4M |
| GS Goldman Sachs Group Inc. | put | New | 54,400 | $43.3M |
| XLV SS Health Care Select Sector | call | Sold out | 300,000 | $40.4Mbefore exit |
| HOOD Robinhood Markets Inc. Class A | put | New | 272,000 | $38.9M |
| EEM iShares MSCI Emerging Market | put | Sold out | 751,700 | $36.3Mbefore exit |
| GLD SPDR Gold Shares | call | Reduce -50.0% | 100,000 | $35.5M |
| SLV iShares Silver Trust | call | Reduce -46.7% | 800,000 | $33.9M |
| BLDR Builders Firstsource Inc. | call | New | 271,600 | $32.9M |
| CCJ Cameco Corp. | call | Add +50.0% | 362,900 | $30.4M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -60.0% | 50,000 | $30.0M |
| BA The Boeing Co. | call | New | 135,800 | $29.3M |
| XOP SS SPDR S&P Og Exp & Prod | put | New | 200,000 | $26.4M |
| KRE SS SPDR S&P Regional Bank | call | Sold out | 408,000 | $24.2Mbefore exit |
| CHRW C.H. Robinson Worldwide Inc. | put | New | 177,400 | $23.5M |
| EWZ iShares MSCI Brazil ETF | call | Reduce -49.7% | 750,000 | $23.3M |
| JETS US Global Jets ETF | call | Sold out | 937,500 | $21.5Mbefore exit |
| NVDA Nvidia Corp. | call | New | 100,000 | $18.7M |
| NVDA Nvidia Corp. | put | New | 100,000 | $18.7M |
| INDA iShares MSCI India ETF | call | Sold out | 292,000 | $16.3Mbefore exit |
| IWM iShares Russell 2000 ETF | call | Reduce -92.0% | 66,400 | $16.1M |
| SMR Nuscale Power Corp. | put | Sold out | 362,900 | $14.4Mbefore exit |
| XLV SS Health Care Select Sector | put | New | 100,000 | $13.9M |
| TGT Target Corp. | call | New | 150,000 | $13.5M |
| CSX CSX Corp. | call | Sold out | 362,900 | $11.8Mbefore exit |
| SWTX Springworks Therapeutics Inc. | call | Sold out | 238,600 | $11.2Mbefore exit |
| GILD Gilead Sciences Inc. | put | New | 90,000 | $10.0M |
| SOFI Sofi Technologies Inc. | put | Reduce -66.7% | 340,000 | $9.0M |
| CLF Cleveland-Cliffs Inc. | call | New | 725,800 | $8.9M |
| UPST Upstart Holdings Inc. | put | Sold out | 136,000 | $8.8Mbefore exit |
| CENX Century Aluminum Company | call | Sold out | 483,800 | $8.7Mbefore exit |
| OSCR Oscar Health Inc. Class A | call | New | 450,000 | $8.5M |
| XBI SS SPDR S&P Biotech ETF | call | Sold out | 100,000 | $8.3Mbefore exit |
| CLF Cleveland-Cliffs Inc. | put | New | 665,300 | $8.1M |
| RKT Rocket Cos Inc. Class A | put | New | 408,000 | $7.9M |
Showing the first 50 of 88.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Sold out | 48,000,000 | $54.1Mbefore exit |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 50,640,000 | $50.3Mbefore exit |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Sold out | 37,500,000 | $47.8Mbefore exit |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Sold out | 49,095,000 | $47.7Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Sold out | 41,500,000 | $43.3Mbefore exit |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 31,819,000 | $31.1Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 30,444,000 | $29.2M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Sold out | 25,000,000 | $28.3Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | New | 17,649,000 | $19.9M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Reduce -55.6% | 12,200,000 | $12.0M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | New | 8,500,000 | $9.5M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | New | 8,861,000 | $8.8M |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | Reduce -0.3% | 7,475,000 | $7.4M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Sold out | 7,800,000 | $7.4Mbefore exit |
| GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) | NOTE 5.875%10/0 · principal | New | 7,000,000 | $6.9M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | New | 5,000,000 | $5.4M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | New | 1,000,000 | $1.0M |
| Colombier Acquisition - 29 | *W EXP 11/24/202 | Sold out | 133,333 | $500Kbefore exit |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | New | 600,000 | $360K |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | Sold out | 250,000 | $275Kbefore exit |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | New | 200,000 | $213K |
| PEW.WS Grabagun Digital Holdings Inc. | *W EXP 99/99/999 | New | 133,333 | $167K |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | New | 33,333 | $135K |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | Add +0.1% | 150,000 | $98K |
| ABLLW East Resources Acquis -CW27 | *W EXP 06/30/202 | Sold out | 70,000 | $78Kbefore exit |
| CCIRW Cohen Circle Acquisition-29 | *W EXP 01/31/202 | Sold out | 33,333 | $67Kbefore exit |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | New | 150,000 | $66K |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | New | 50,000 | $48K |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | New | 100,000 | $44K |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | New | 150,000 | $33K |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | New | 50,000 | $33K |
| CHEB.WS Chenghe Acquisition II - 29 | *W EXP 05/30/203 | Sold out | 50,000 | $4Kbefore exit |
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 | 515 | $4.2B | NVDA, UBS, AMAT, HUT, IEF |
| Q1 2026 | 429 | $2.5B | BAC, UBS, ALLY, APO, TSM |
| Q4 2025 | 482 | $4.7B | RSP, BAC, SPY, GOOGL, AMZN |
| Q3 2025 | 438 | $4.9B | MSFT, MDY, BAC, NVDA, SPY |
| Q2 2025 | 396 | $4.7B | MDY, MSFT, NVDA, BAC, AMZN |
| Q1 2025Amended | 348 | $2.5B | MDY, IWM, SPY, ALLY, TLT |
| Q4 2024 | 348 | $5.0B | MDY, NVDA, AMZN, MSFT, AAPL |
| Q3 2024 | 319 | $3.1B | ALLY, META, EQIX, NVDA, ABNB |
| Q2 2024 | 330 | $4.4B | AMZN, ALLY, GEV, ADBE, CVNA |
| Q1 2024 | 295 | $4.7B | AMZN, META, MSFT, VRT, DLR |