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

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 Q1 2025 Q2 2025: $4.7B Q2 2025 Q3 2025: $4.9B $4.9B Q3 2025 Q4 2025: $4.7B Q4 2025 Q1 2026: $2.5B Q1 2026 Q2 2026: $4.2B Q2 2026

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%
MMM 3M Co. 0.24% 74,692 $11.6M Add +3.6%
MDB Mongodb Inc. 0.23% 36,953 $11.5M Add +427.4%
CRH CRH PLC 0.23% 94,230 $11.3M Add +9.2%
CYBR Cyberark Software Ltd./Israel 0.23% 23,000 $11.1M Add +346.9%
EA Electronic Arts Inc. 0.23% 55,000 $11.1M Add +1030.8%
NVT Nvent Electric PLC 0.23% 112,367 $11.1M Reduce -17.3%
ARGX Argenx SE - ADR 0.23% 15,000 $11.1M Reduce -68.1%
RAL Ralliant Corp. 0.22% 252,690 $11.1M Add +106.5%
NSC Norfolk Southern Corp. 0.22% 36,746 $11.0M Add +144.1%
ZBH Zimmer Biomet Holdings Inc. 0.22% 107,545 $10.6M Reduce -22.5%
FLR Fluor Corp. 0.21% 251,280 $10.6M Reduce -35.7%
BAX Baxter International Inc. 0.21% 462,566 $10.5M New
WBS Webster Financial Corp. 0.21% 176,800 $10.5M Reduce -18.8%
CCIX Churchill Capital Corp. Ix 0.21% 1,000,000 $10.5M No change
TACO Berto Acquisition Corp. 0.21% 1,000,000 $10.4M No change
BEAG Bold Eagle Acquisition Cor-A 0.21% 1,000,000 $10.4M No change
XLP SS Consumer Staples Sel Sect 0.21% 131,274 $10.3M Reduce -49.3%
RACE Ferrari NV 0.21% 21,196 $10.2M Add +16.5%
ECHO Echostar Corp. Class A 0.21% 132,498 $10.1M Reduce -32.4%
EVAC.U Eqv Ventures Acquisition Cor 0.20% 1,000,000 $10.0M New
ALLE Allegion PLC 0.20% 55,832 $9.9M New
AMTM Amentum Holdings Inc. 0.20% 407,417 $9.8M Reduce -33.3%
ELV Elevance Health Inc. 0.20% 29,974 $9.7M Add +149.3%
CSTM Constellium SE 0.19% 642,742 $9.6M Reduce -21.7%
MOS The Mosaic Co. 0.19% 274,433 $9.5M Reduce -25.4%
CMC Commercial Metals Co. 0.19% 163,348 $9.4M Add +47.7%
FHN First Horizon Corp. 0.19% 408,000 $9.2M New
MRP Millrose Properties 0.19% 271,610 $9.1M Reduce -78.4%
ALIT Alight Inc. Class A 0.18% 2,720,000 $8.9M Add +33.3%
IR Ingersoll-Rand Inc. 0.18% 105,426 $8.7M New
ROK Rockwell Automation Inc. 0.18% 24,867 $8.7M New
CCJ Cameco Corp. 0.18% 103,575 $8.7M Add +2.5%
RARE Ultragenyx Pharmaceutical Inc. 0.17% 270,000 $8.1M Reduce -6.9%
ORCL Oracle Corp. 0.16% 28,726 $8.1M Add +1345.7%
ANET Arista Networks Inc. 0.16% 54,937 $8.0M Reduce -52.8%
LITE Lumentum Holdings Inc. 0.16% 48,300 $7.9M New
MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR 0.16% 750,000 $7.8M No change
ALGN Align Technology Inc. 0.16% 61,726 $7.7M New
CRL Charles River Laboratories 0.16% 48,925 $7.7M Add +82.5%
SOCAU Solarius Capital Acquisition 0.15% 750,000 $7.6M New
ADSK Autodesk Inc. 0.15% 23,812 $7.6M Add +266.7%
EQT Eqt Corp. 0.15% 137,683 $7.5M New
IE Ivanhoe Electric Inc. / US 0.15% 595,845 $7.5M Add +105.3%
DMIIU Drugs Made in America Acquis 0.15% 750,000 $7.5M New
DVA Davita Inc. 0.15% 55,489 $7.4M New
WMB Williams Cos Inc. 0.15% 115,396 $7.3M New
CFG Citizens Financial Group 0.15% 136,000 $7.2M No change
JENA Jena Acquisition Corp. II - A 0.14% 700,000 $7.1M No change
OC Owens Corning 0.14% 50,000 $7.1M New
PHAT Phathom Pharmaceuticals Inc. 0.14% 600,000 $7.1M No change
FWDI Forward Industries Inc. 0.14% 270,271 $6.9M New
FCRS.U Futurecrest Acquisition Corp. 0.14% 650,000 $6.9M New
CNR Core Natural Resources Inc. 0.14% 81,763 $6.8M Add +58.5%
RSP Invesco S&P 500 Equal Weight 0.14% 35,788 $6.8M Reduce -42.8%
SBSW Sibanye-Stillwater Ltd.-ADR 0.14% 603,920 $6.8M New
GOOGL Alphabet Inc. Class A 0.13% 26,700 $6.5M Add +2570.0%
SCCO Southern Copper Corp. 0.13% 52,636 $6.4M New
MLYS Mineralys Therapeutics Inc. 0.13% 165,000 $6.3M New
LMT Lockheed Martin Corp. 0.13% 12,459 $6.2M New
NXE Nexgen Energy Ltd. 0.13% 688,592 $6.2M Add +8.8%
LEU Centrus Energy Corp. Class A 0.13% 19,856 $6.2M New
PPTA Perpetua Resources Corp. 0.13% 304,177 $6.2M Add +0.6%
CMA Comerica Inc. 0.12% 88,400 $6.1M Add +30.0%
TLNCU Talon Capital Corp. 0.12% 600,000 $6.0M New
LEGT Legato Merger Corp. III 0.12% 550,000 $5.9M No change
V Visa Inc. Class A 0.12% 17,180 $5.9M Add +14.3%
ESI Element Solutions Inc. 0.12% 232,243 $5.8M Add +38.8%
SPR Spirit Aerosystems Hold Class A 0.12% 150,000 $5.8M Add +30.4%
DASH DoorDash Inc. Class A 0.12% 21,126 $5.7M Add +245.5%
OSCR Oscar Health Inc. Class A 0.12% 300,000 $5.7M New
XENE Xenon Pharmaceuticals Inc. 0.11% 140,000 $5.6M Add +55.6%
FICO Fair Isaac Corp. 0.11% 3,744 $5.6M New
GE General Electric filed as GE AEROSPACE 0.11% 18,519 $5.6M Reduce -35.0%
OACC Oaktree Acquisition Corp. I-A 0.11% 525,000 $5.5M No change
FRO Frontline PLC 0.11% 239,376 $5.5M Add +69.1%
ANSC Agriculture & Natural Soluti 0.11% 500,000 $5.5M No change
APO Apollo Global Management Inc. 0.11% 40,500 $5.4M Add +118.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 46,200 $5.3M Reduce -1.1%
GEHC GE Healthcare Technology 0.11% 70,376 $5.3M Reduce -30.6%
UBER Uber Technologies Inc. 0.11% 53,052 $5.2M Reduce -56.0%
RAC Rithm Acquisition Corp. Class A 0.10% 500,000 $5.1M No change
KFII K&F Growth Acquisition Cor-A 0.10% 500,000 $5.1M No change
AHL Aspen Insurance Holdings Class A 0.10% 138,963 $5.1M New
CEPF Cantor Equity Partners Class A 0.10% 500,000 $5.1M New
AACB Artius II Acquisition Inc. Class A 0.10% 500,000 $5.1M No change
ICLR Icon PLC 0.10% 29,074 $5.1M Reduce -23.1%
PAII.U Pyrophyte Acquisition Corp. I 0.10% 500,000 $5.1M New
NYT New York Times Co. Class A 0.10% 88,000 $5.1M New
ATAIBECKLEY INC filed as ATAI LIFE SCIENCES NV 0.10% 952,380 $5.0M No change
URI United Rentals Inc. 0.10% 5,276 $5.0M Reduce -64.5%
OYSE Oyster Enterprises II Acq-A 0.10% 500,000 $5.0M No change
LATAU Galata Acquisition Corp. II 0.10% 500,000 $5.0M New
PKG Packaging Corp. of America 0.10% 22,642 $4.9M Reduce -79.4%
GLNG Golar LNG Ltd. 0.10% 120,000 $4.8M Add +321.1%
GRND Grindr Inc. 0.10% 322,102 $4.8M Add +43.0%
GEMI Gemini Space Station Inc. Class A 0.10% 200,000 $4.8M New
JBS JBS NV-A 0.10% 320,000 $4.8M Reduce -43.9%
MCO Moody's Corp. 0.10% 9,935 $4.7M Reduce -9.4%
LVS Las Vegas Sands Corp. 0.10% 87,667 $4.7M New
UHS Universal Health Services-B 0.09% 22,677 $4.6M Reduce -41.1%
PCAP Procap Acquisition Corp. Class A 0.09% 450,000 $4.6M No change
ATII Archimedes Tech Spac Partner 0.09% 450,000 $4.6M No change
MA Mastercard Inc. Class A 0.09% 7,972 $4.5M Reduce -75.7%
OTGAU Otg Acquisition Corp. I 0.09% 450,000 $4.5M New
XRAY Dentsply Sirona Inc. 0.09% 355,187 $4.5M Add +152.9%
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.09% 450,000 $4.5M No change
LWAC Lightwave Acquisition Corp. Class A 0.09% 450,000 $4.5M No change
WSC Willscot Holdings Corp. 0.09% 211,362 $4.5M New
MOH Molina Healthcare Inc. 0.09% 23,053 $4.4M New
BA The Boeing Co. 0.09% 20,372 $4.4M Reduce -50.9%
SE Sea Ltd.-ADR 0.09% 24,183 $4.3M Reduce -34.3%
GRAB Grab Holdings Ltd. Class A 0.09% 716,761 $4.3M Reduce -46.6%
HOOD Robinhood Markets Inc. Class A 0.09% 30,000 $4.3M Add +7.1%
EEM iShares MSCI Emerging Market 0.09% 80,000 $4.3M Add +321.1%
MRVL Marvell Technology Inc. 0.09% 50,468 $4.2M New
LKQ LKQ Corp. 0.08% 135,807 $4.1M New
BLZRU Trailblazer Acquisition Corp. 0.08% 400,000 $4.1M New
HVMCU Highview Merger Corp. 0.08% 400,000 $4.0M New
BDCIU BTC Development Corp. 0.08% 400,000 $4.0M New
HOLX Hologic Inc. 0.08% 59,279 $4.0M Add +38.9%
BACC Blue Acquisition Corp. Class A 0.08% 400,000 $4.0M No change
CHECU Chenghe Acquisition III Co. 0.08% 400,000 $4.0M New
AVNT Avient Corp. 0.08% 118,328 $3.9M New
SEI Solaris Energy Infrastructur 0.08% 93,694 $3.7M New
AUR Aurora Innovation Inc. 0.07% 683,482 $3.7M Add +32.5%
AVTR Avantor Inc. 0.07% 293,594 $3.7M Reduce -62.3%
RUN Sunrun Inc. 0.07% 211,592 $3.7M New
GTES Gates Industrial Corp. UK Ltd. 0.07% 146,483 $3.6M New
KNX Knight-Swift Transportation 0.07% 91,930 $3.6M Add +7.1%
CPNG Coupang Inc. 0.07% 112,747 $3.6M Reduce -41.5%
NRG NRG Energy Inc. 0.07% 22,075 $3.6M New
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.07% 350,000 $3.6M No change
BRR Columbus Circle Capital Co. Class A 0.07% 350,000 $3.5M Add +40.0%
CDNS Cadence Design SYS Inc. 0.07% 10,000 $3.5M New
SOC Sable Offshore Corp. 0.07% 200,000 $3.5M No change
HAYMAKER ACQUISITION CORP 4 0.07% 300,000 $3.4M No change
HD Home Depot Inc. 0.07% 8,360 $3.4M Reduce -19.3%
NETD Nabors Energy Transition C-A 0.07% 300,000 $3.4M Reduce -50.0%
TEVA Teva Pharmaceutical-SP ADR 0.07% 165,197 $3.3M New
PH Parker Hannifin Corp. 0.07% 4,365 $3.3M New
IGV iShares Expanded Tech-Softwa 0.07% 27,905 $3.2M Reduce -11.8%
VRNS Varonis Systems Inc. 0.07% 55,757 $3.2M Reduce -11.2%
TDS Telephone and Data Systems 0.06% 80,000 $3.1M New
COHR Coherent Corp. 0.06% 29,011 $3.1M New
AFRM Affirm Holdings Inc. 0.06% 42,500 $3.1M New
ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII 0.06% 300,000 $3.1M No change
NPAC New Providence Acquisition-A 0.06% 300,000 $3.1M No change
SDHI Siddhi Acquisition Corp. Class A 0.06% 300,000 $3.0M No change
EPAM Epam Systems Inc. 0.06% 20,185 $3.0M Add +169.4%
CHAC Crane Harbor Acqu Corp. Class A 0.06% 300,000 $3.0M No change
INTC Intel Corp. 0.06% 90,000 $3.0M New
GTLS Chart Industries Inc. 0.06% 15,000 $3.0M New
PANW Palo Alto Networks Inc. 0.06% 14,496 $3.0M New
ACHR Archer Aviation Inc. Class A 0.06% 300,000 $2.9M Reduce -25.0%
IMSR Terrestrial Energy Inc. filed as HCM II ACQUISITION CORP 0.06% 175,000 $2.9M New
K Kellanova 0.06% 35,000 $2.9M Reduce -53.3%
OMC Omnicom Group 0.06% 35,000 $2.9M New
MRUS Merus NV 0.06% 30,200 $2.8M New
TXNM TXNM Energy Inc. 0.06% 50,000 $2.8M Add +56.3%
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.06% 180,000 $2.8M Add +80.0%
PRME Prime Medicine Inc. 0.06% 500,000 $2.8M No change
KO The Coca-Cola Co. 0.06% 41,196 $2.7M Add +607.8%
TNDM Tandem Diabetes Care Inc. 0.05% 220,479 $2.7M Add +269.1%
ANGO Angiodynamics Inc. 0.05% 237,964 $2.7M Add +162.5%
ONCHU 1RT Acquisition Corp. 0.05% 250,000 $2.6M New
SBXDF Silverbox Corp. IV-A 0.05% 250,000 $2.6M No change
ALDF Aldel Financial II Inc. 0.05% 250,000 $2.6M No change
RVMD Revolution Medicines Inc. 0.05% 55,600 $2.6M No change
SVCC Stellar V Capital Corp. Class A 0.05% 250,000 $2.6M No change
SVACU Spring Valley Acquisition Co. 0.05% 250,000 $2.6M New
STNG Scorpio Tankers Inc. 0.05% 45,602 $2.6M New
NHIC Newhold Investment Cor III-A 0.05% 250,000 $2.5M No change
GSHR Gesher Acquisition Corp. II-A 0.05% 250,000 $2.5M No change
WENN Wen Acquisition Corp. Class A 0.05% 250,000 $2.5M No change
DNN Denison Mines Corp. 0.05% 919,033 $2.5M Reduce -54.1%
LION Lionsgate Studios Corp. 0.05% 364,590 $2.5M No change
PACH Pioneer Acquisition I Class A 0.05% 250,000 $2.5M No change
SBUX Starbucks Corp. 0.05% 29,235 $2.5M New
IP International Paper Co. 0.05% 52,285 $2.4M Reduce -89.0%
CTLP Cantaloupe Inc. 0.05% 225,000 $2.4M New
CCRN Cross Country Healthcare Inc. 0.05% 166,994 $2.4M Add +58.9%
SNY Sanofi-ADR 0.05% 49,281 $2.3M New
TMUS T-Mobile US Inc. 0.05% 9,676 $2.3M New
WLAC Willow Lane Acquisition Class A 0.05% 200,000 $2.3M Add +100.0%
TRMD Torm PLC-A 0.05% 111,861 $2.3M New
GDRX Goodrx Holdings Inc. Class A 0.05% 524,051 $2.2M New
DXCM Dexcom Inc. 0.04% 32,914 $2.2M New
AGIO Agios Pharmaceuticals Inc. 0.04% 55,000 $2.2M Reduce -31.3%
RTAC Renatus Tactical Acquisiti-A 0.04% 200,000 $2.2M No change
TVA Texas Ventures Acquisition-A 0.04% 200,000 $2.1M No change
CYD China Yuchai Intl Ltd. 0.04% 51,447 $2.1M New
GPAT GP-Act III Acquisition-A 0.04% 200,000 $2.1M No change
POLE Andretti Acquisition Corp. Class A 0.04% 200,000 $2.1M No change
XRPN Armada Acquisition Class A 0.04% 200,000 $2.1M New
FTW Eqv Ventures Acquisition C-A 0.04% 200,000 $2.1M No change
NTWO Newbury Street II Ac Class A 0.04% 200,000 $2.1M No change
CAEP Cantor Equity Partners III-A 0.04% 200,000 $2.1M No change
DRDB Roman DBDR Acquisition Corp. 0.04% 200,000 $2.1M No change
MLAC Mountain Lake Acquisition-A 0.04% 200,000 $2.1M No change
CCII Cohen Circle Acquisit II - A 0.04% 200,000 $2.0M New
MBVIU M3-Brigade Acquisition Vi Co. 0.04% 200,000 $2.0M New
SOUL Soulpower Acquisition Co. Class A 0.04% 200,000 $2.0M No change
SZZL Sizzle Acquisition Corp. Class A 0.04% 200,000 $2.0M No change
GOOG Alphabet Inc. Class C 0.04% 8,250 $2.0M Reduce -75.5%
APADU A Paradise Acquisition Corp. 0.04% 200,000 $2.0M New
DCGO Docgo Inc. 0.04% 1,465,000 $2.0M No change
OBA Oxley Bridge Acquisitio Class A 0.04% 200,000 $2.0M No change
ASPI Asp Isotopes Inc. 0.04% 200,000 $1.9M New
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD 0.04% 25,000 $1.9M New
ALNY Alnylam Pharmaceuticals Inc. 0.04% 4,104 $1.9M New
GSM Ferroglobe PLC 0.04% 411,264 $1.9M New
TNET Trinet Group Inc. 0.04% 26,705 $1.8M New
AXIN Axiom Intelligence Class A 0.04% 175,000 $1.7M No change
ADTN Adtran Holdings Inc. 0.03% 174,330 $1.6M New
MCD McDonald's Corp. 0.03% 5,316 $1.6M Add +294.1%
CEPT Cantor Equity Partners Class A 0.03% 150,000 $1.6M No change
IBKR Interactive Brokers Gro Class A 0.03% 22,910 $1.6M New
SGI Somnigroup International Inc. 0.03% 18,630 $1.6M New
DYNC Dynamix Corp. 0.03% 150,000 $1.6M Reduce -25.0%
DAAQ Digital Asset Acquisiti Class A 0.03% 150,000 $1.5M No change
FERA Fifth Era Acquisition Corp. Class A 0.03% 150,000 $1.5M No change
RAAQ Real Asset Acquisiti Class A 0.03% 150,000 $1.5M No change
KOYNU CSLM Digital Asset Acquisiti 0.03% 150,000 $1.5M New
IPCX Inflection Point Acquisiti-A 0.03% 150,000 $1.5M No change
EGHA Egh Acquisition Co. Class A 0.03% 150,000 $1.5M No change
CRAQ Cal Redwood Acquisit Class A 0.03% 150,000 $1.5M No change
RGNX Regenxbio Inc. 0.03% 150,000 $1.4M No change
APG Api Group Corp. 0.03% 41,224 $1.4M New
EXPE Expedia Group Inc. 0.03% 6,627 $1.4M New
CYTK Cytokinetics Inc. 0.03% 25,000 $1.4M Reduce -28.6%
GEV GE Vernova Inc. 0.03% 2,222 $1.4M Reduce -93.5%
FROG Jfrog Ltd. 0.03% 28,822 $1.4M New
FYBR Frontier Communications Pare 0.03% 35,000 $1.3M Add +16.7%
EOG EOG Resources Inc. 0.03% 11,442 $1.3M New
XOM Exxon Mobil Corp. 0.03% 11,310 $1.3M New
INTU Intuit Inc. 0.03% 1,837 $1.3M Reduce -77.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 8,530 $1.2M New
HAFN Hafnia Ltd. 0.02% 201,779 $1.2M New
JOBY Joby Aviation Inc. 0.02% 75,000 $1.2M Add +50.0%
AMT American Tower Corp. 0.02% 6,274 $1.2M No change
SPKLF Spark I Acquisition Corp. 0.02% 100,000 $1.2M Reduce -50.0%
BBOT Bridgebio Oncology Therapeut 0.02% 100,000 $1.2M New
HCAT Health Catalyst Inc. 0.02% 398,857 $1.1M Add +130.8%
EVLV Evolv Technologies Holdings 0.02% 150,000 $1.1M No change
SGRY Surgery Partners Inc. 0.02% 50,000 $1.1M Reduce -50.0%
MCGA Yorkville Acquisition Corp. Class A 0.02% 100,000 $1.1M New
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.02% 100,000 $1.1M No change
TONT Graf Global Corp. Class A 0.02% 100,000 $1.1M No change
GWRE Guidewire Software Inc. 0.02% 4,561 $1.0M Reduce -73.8%
LPBB Launch Two Acquisition Class A 0.02% 100,000 $1.0M No change
TDAC Translational Development Ac 0.02% 100,000 $1.0M No change
OMCL Omnicell Inc. 0.02% 33,985 $1.0M Add +3.0%
FACT Fact II Acquisition Corp. 0.02% 100,000 $1.0M No change
HCMAU HCM III Acquisition Corp. 0.02% 100,000 $1.0M New
ROST Ross Stores Inc. 0.02% 6,735 $1.0M New
LNTH Lantheus Holdings Inc. 0.02% 19,944 $1.0M New
RDAG Republic Digital Acquis Class A 0.02% 100,000 $1.0M No change
AVNS Avanos Medical Inc. 0.02% 88,259 $1.0M Add +65.1%
CCAQ Collective Acquisition Corp. filed as DUNE ACQUISITION CORP II 0.02% 100,000 $1.0M No change
FIGX Figx Capital Acquisition C-A 0.02% 100,000 $999K No change
MKLYU McKinley Acquisition Corp. 0.02% 100,000 $999K New
TMCI Treace Medical Concepts Inc. 0.02% 147,607 $990K New
PCT Purecycle Technologies Inc. 0.02% 75,000 $986K No change
XLF SS Financial Select Sector 0.02% 18,256 $983K No change
GMED Globus Medical Inc. Class A 0.02% 17,087 $979K New
ULTA Ulta Beauty Inc. 0.02% 1,778 $972K New
BCYC Bicycle Therapeutics PLC-ADR 0.02% 125,000 $968K Add +66.7%
SYF Synchrony Financial 0.02% 13,600 $966K Reduce -87.5%
INGN Inogen Inc. 0.02% 115,309 $942K New
RANG Range Capital Acquisition Co. 0.02% 90,000 $926K No change
CNMD Conmed Corp. 0.02% 19,634 $923K Add +51.0%
KLC Kindercare Learning Cos Inc. 0.02% 134,088 $890K New
BULL Webull Corp. 0.02% 60,000 $887K No change
SCS Steelcase Inc. Class A 0.02% 50,000 $860K New
IMXI International Money Express 0.02% 58,000 $810K New
COP Conocophillips 0.02% 8,478 $802K New
IART Integra Lifesciences Holding 0.02% 55,270 $792K Reduce -37.3%
FIVE Five Below 0.02% 5,115 $791K New
MACI Melar Acquisition Corp. I-A 0.02% 75,000 $788K No change
CEPO Cantor Equity Partners I-A 0.02% 75,000 $785K Reduce -25.0%
NKE Nike Inc. Class B 0.02% 11,233 $783K New
MDLZ Mondelez International Inc. Class A 0.02% 12,451 $778K New
PLMK Plum Acquisition Corp. IV 0.02% 75,000 $774K No change
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.02% 70,000 $755K New
ASTL Algoma Steel Group Inc. 0.02% 212,331 $755K No change
NEOG Neogen Corp. 0.02% 131,132 $749K New
KWEB Kranesh Csi China Internet 0.01% 16,878 $709K Add +58.0%
MBC Masterbrand Inc. 0.01% 52,574 $692K New
TRU Transunion 0.01% 8,135 $682K Reduce -65.8%
MD Pediatrix Medical Group Inc. 0.01% 40,400 $677K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 2,394 $675K Reduce -90.5%
WMT Walmart Inc. 0.01% 6,427 $662K Reduce -83.5%
CVX Chevron Corp. 0.01% 4,247 $660K New
H Hyatt Hotels Corp. Class A 0.01% 4,618 $655K New
TXG 10X Genomics Inc. Class A 0.01% 54,216 $634K Reduce -31.2%
AS Amer Sports Inc. 0.01% 17,921 $623K New
WIX Wix.com Ltd. 0.01% 3,494 $621K New
STVN Stevanato Group SPA 0.01% 24,000 $618K No change
QBTS D-Wave Quantum Inc. 0.01% 25,000 $618K New
ORLY O'reilly Automotive Inc. 0.01% 5,675 $612K New
TRDA Entrada Therapeutics Inc. 0.01% 105,000 $609K No change
SQNS Sequans Communications-ADR 0.01% 61,398 $581K New
APLD Applied Digital Corp. 0.01% 25,000 $574K New
PRO Pros Holdings Inc. 0.01% 25,000 $573K New
LB Landbridge Co. LLC-A 0.01% 10,000 $534K New
HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP 0.01% 50,000 $528K New
GPGI Gpgi Inc. filed as COMPOSECURE INC 0.01% 25,000 $521K No change
TAVI Tavia Acquisition Corp. 0.01% 50,000 $517K No change
MSOS Advisorshares Pure US Cann 0.01% 100,000 $479K New
ZGN Ermenegildo Zegna NV 0.01% 50,000 $473K No change
PEW Grabagun Digital Holdings Inc. 0.01% 100,000 $466K New
INSW International Seaways Inc. 0.01% 10,000 $461K New
PLYM Plymouth Industrial REIT Inc. 0.01% 20,000 $447K New
SHOP Shopify Inc. Class A 0.01% 2,821 $419K New
AMBP Ardagh Metal Packaging SA 0.01% 100,000 $399K No change
CID HOLDCO INC 0.01% 156,667 $398K New
ZM Zoom Communications Inc. 0.01% 4,614 $381K New
CLS Celestica Inc. 0.01% 1,541 $380K New
DPZ Domino's Pizza Inc. 0.01% 814 $351K Reduce -38.1%
CNDT Conduent Inc. 0.01% 123,189 $345K New
NPWR Net Power Inc. 0.01% 100,000 $301K No change
INV Innventure Inc. 0.01% 50,000 $290K No change
ACEL Accel Entertainment Inc. 0.01% 25,000 $277K New
NET Cloudflare Inc. Class A 0.01% 1,289 $277K Reduce -74.4%
DRI Darden Restaurants Inc. 0.01% 1,453 $277K Reduce -39.0%
BKR Baker Hughes Co. 0.00% 4,808 $234K New
PCTY Paylocity Holding Corp. 0.00% 1,447 $230K New
HLMN Hillman Solutions Corp. 0.00% 25,000 $230K No change
INVZ Innoviz Technologies Ltd. 0.00% 100,000 $204K No change
TGNA Tegna Inc. 0.00% 10,000 $203K New
TH Target Hospitality Corp. 0.00% 20,000 $170K No change
INCR Intercure Ltd. 0.00% 97,273 $160K No change
SONDQ Sonder Holdings Inc. 0.00% 124,320 $158K No change
CNCK Coincheck Group NV 0.00% 30,000 $139K No change
SDRL Seadrill Limited 0.00% 2,500 $76K New
BRAND ENGAGEMENT NETWORK INC 0.00% 175,000 $51K No change
BARK Bark Inc. 0.00% 50,000 $42K No change
SPWR Sunpower Inc. filed as COMPLETE SOLARIA INC 0.00% 10,000 $18K No change

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)
SecurityClassShares / PrincipalValueChange
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 30,444,000$29.2MNew
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 17,649,000$19.9MNew
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal 12,200,000$12.0MReduce -55.6%
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 8,500,000$9.5MNew
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal 8,861,000$8.8MNew
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal 7,475,000$7.4MReduce -0.3%
GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) NOTE 5.875%10/0 · principal 7,000,000$6.9MNew
PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) NOTE 4.750% 6/1 · principal 5,000,000$5.4MNew
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 1,000,000$1.0MNew
BULLW Webull Corp.-30 *W EXP 04/10/203 150,000$912KNo change
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 250,000$888KNo change
USA RARE EARTH INC *W EXP 03/13/203 75,000$541KNo change
BACQR Inflection Point Acquisition RIGHT 11/04/2026 750,000$510KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 600,000$360KNew
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 500,000$335KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 250,000$325KNo change
OCSAW Oculis Holding AG -30 *W EXP 03/06/202 41,666$282KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 1,000,000$270KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 500,000$260KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 306,250$233KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 200,000$213KNew
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 100,000$211KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 250,000$195KNo change
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 150,000$180KNo change
PEW.WS Grabagun Digital Holdings Inc. *W EXP 99/99/999 133,333$167KNew
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 50,000$140KNo change
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 700,000$140KNo change
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 33,333$135KNew
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 500,000$120KNo change
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 100,000$120KNo change
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 166,666$110KNo change
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 100,000$110KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 275,000$102KNo change
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 150,000$98KAdd +0.1%
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 100,000$95KNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 175,000$95KNo change
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 300,000$93KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 225,000$88KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 500,000$85KNo change
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 300,000$84KNo change
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 300,000$81KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 105,000$79KNo change
ALVOW Alvotech SA -27 *W EXP 99/99/999 50,000$76KNo change
NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 100,000$75KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 500,000$75KNo change
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 125,000$70KNo change
MDAIW Spectral AI -CW27 *W EXP 09/11/202 100,000$70KNo change
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 125,000$68KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 250,000$67KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 150,000$66KNew
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 400,000$65KNo change
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 300,000$63KNo change
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 50,000$61KNo change
DRTSW Alpha Tau Medical Ltd. -27 *W EXP 99/99/999 175,000$60KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 100,000$60KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 150,000$59KNo change
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 100,000$51KNo change
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 50,000$48KNew
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 75,000$46KNo change
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 250,000$46KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 125,000$45KNo change
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 100,000$44KNew
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 125,000$44KNo change
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 225,000$43KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 90,000$42KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 125,000$42KNo change
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 33,333$40KNo change
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 150,000$40KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 200,000$38KNo change
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 83,333$37KNo change
CNCKW Coincheck Group NV *W EXP 12/11/202 50,000$36KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 200,000$36KNo change
BGLWW Blue Gold Ltd. *W EXP 04/01/203 75,000$34KNo change
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 75,000$34KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 66,666$33KNo change
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 150,000$33KNew
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 50,000$33KNew
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 225,000$32KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 150,000$32KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 200,000$30KNo change
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 175,000$28KNo change
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 125,000$28KNo change
MNYWW Moneyhero Ltd.-28 *W EXP 09/13/202 233,333$26KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 100,000$26KNo change
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 100,000$25KNo change
SESCW Ivanhoe Capital Class A -CW27 *W EXP 12/10/202 133,333$24KNo change
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 125,000$23KNo change
SATLW Satellogic Inc.-A -23 *W EXP 01/25/202 66,666$23KNo change
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 100,000$20KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 50,000$19KNo change
LIMNW Liminatus Pharma Inc. Class A-28 *W EXP 04/30/203 125,000$18KNo change
LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 250,000$18KNo change
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 100,000$17KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 50,000$17KNo change
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 75,000$16KNo change
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 50,000$15KNo change
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 50,000$14KNo change
DAICW Cid Holdco Inc. -26 *W EXP 12/31/202 87,500$13KNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 50,000$12KNo change
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 50,000$11KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 37,500$10KNo change
ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 150,000$9KNo change
AMBWQ Ambipar Emergency Respons-28 *W EXP 03/03/202 200,000$8KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 100,000$8KNo change
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 125,000$7KNo change
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 25,000$7KNo change
COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 166,666$6KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 37,500$6KNo change
GGROW Gogoro Inc. -CW27 *W EXP 04/04/202 250,000$6KNo change
PARAW 7GC & Co. Holdings Class A -CW26 *W EXP 12/14/202 200,000$5KNo change
SDSTW Global Partner Acq A -CW27 *W EXP 06/21/202 58,333$4KNo change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 233,333$4KNo change
LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 150,000$3KNo change
SONWQ Gores Metropoulos II -CW28 *W EXP 01/18/202 200,000$2KNo change
ALURW Allurion Technologies-28 *W EXP 08/01/203 76,562$2KNo change
SMXWW SMX Security Matters PLC-28 *W EXP 03/07/202 75,000$2KNo change
PERFF Perfect Corp. *W EXP 10/28/202 112,500$2KNo change
PIIIW P3 Health Partne -CW27 *W EXP 11/19/202 133,333$1KNo change
SWVLW Pivotal Holdings Corp. -CW27 *W EXP 99/99/999 83,333$1KNo 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

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