Moore Capital Management, LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Moore Capital Management, LP reported 482 stock positions worth $4.7 billion. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 5.0% of the portfolio, followed by Bank of America (BAC, 2.4%) and SS SPDR S&P 500 ETF Trust-US (SPY, 2.3%). Compared with Q3 2025, it opened 180 new positions, sold out of 135, added to 106 and reduced 84. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +3316%) and the biggest sale an exit from State Street SPDR S&P Midcap (MDY).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001448574
Portfolio Value
$4.7B (Q4 2025)
SEC Filing
0001448574-26-000001 ↗ filed Feb 17, 2026

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

Holdings 482 stocks · $4.7B
RSP Invesco S&P 500 Equal Weight 4.98% 1,222,346 $234.2M Add +3315.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.42% 2,070,080 $113.9M Reduce -21.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.30% 158,577 $108.1M Add +23.0%
GOOGL Alphabet Inc. Class A 2.26% 339,928 $106.4M Add +1173.1%
AMZN Amazon.com Inc. 2.26% 459,880 $106.1M Add +110.6%
UBS UBS Group AG-Reg 2.18% 2,197,102 $102.4M Add +32.9%
ALLY Ally Financial Inc. 1.44% 1,491,829 $67.6M Reduce -25.1%
MSFT Microsoft Corp. 1.38% 134,016 $64.8M Reduce -72.1%
AVGO Broadcom Inc. 1.12% 151,819 $52.5M Add +269.1%
TSM Taiwan Semiconductor-SP ADR 1.10% 170,421 $51.8M Add +50.4%
NVDA Nvidia Corp. 1.10% 276,290 $51.5M Reduce -57.0%
SCHW Schwab (charles) Corp. 1.07% 502,560 $50.2M Reduce -18.2%
PLD Prologis Inc. 1.06% 390,880 $49.9M New
AON Aon PLC Class A 1.05% 139,600 $49.3M Reduce -34.2%
COF Capital One Financial Corp. 0.99% 192,163 $46.6M Reduce -20.3%
DB Deutsche Bank AG-Registered 0.97% 1,177,988 $45.8M Add +86.4%
TDY Teledyne Technologies Inc. 0.88% 81,482 $41.6M New
TT Trane Technologies PLC 0.84% 101,851 $39.6M Reduce -0.2%
FERG Ferguson Enterprises Inc. 0.80% 169,756 $37.8M New
PKG Packaging Corp. of America 0.78% 178,712 $36.9M Add +689.3%
HUT Hut 8 Corp. 0.74% 753,000 $34.6M Reduce -16.6%
C Citigroup Inc. 0.73% 295,952 $34.5M Reduce -44.2%
XYZ Block Inc. 0.70% 502,560 $32.7M New
B Barrick Mining Corp. 0.69% 745,761 $32.5M Reduce -44.5%
RBA RB Global Inc. 0.67% 305,557 $31.4M Add +125.0%
GLXY Galaxy Digital Inc. Class A 0.65% 1,362,250 $30.5M No change
MRP Millrose Properties 0.65% 1,018,533 $30.4M Add +275.0%
HUBB Hubbell Inc. 0.64% 67,900 $30.2M Add +100.0%
UBER Uber Technologies Inc. 0.62% 355,867 $29.1M Add +570.8%
V Visa Inc. Class A 0.62% 82,659 $29.0M Add +381.1%
KLAR Klarna Group PLC 0.61% 994,320 $28.7M New
DASH DoorDash Inc. Class A 0.60% 125,342 $28.4M Add +493.3%
CVS CVS Health Corp. 0.59% 350,000 $27.8M Add +7.7%
TSLA Tesla Inc. 0.59% 61,424 $27.6M Reduce -45.0%
XBI SS SPDR S&P Biotech ETF 0.58% 225,000 $27.4M Reduce -10.0%
GPN Global Payments Inc. 0.58% 353,600 $27.4M Add +52.9%
ECL Ecolab Inc. 0.57% 101,853 $26.7M Add +7.1%
WMB Williams Cos Inc. 0.57% 444,566 $26.7M Add +285.3%
ASND Ascendis Pharma A/S 0.57% 125,000 $26.7M Add +38.9%
WWD Woodward Inc. 0.56% 86,684 $26.2M Add +6.1%
WST West Pharmaceutical Services 0.56% 95,000 $26.1M No change
CCJ Cameco Corp. 0.53% 275,000 $25.2M Add +165.5%
QQQ Invesco QQQ Trust Series 1 0.53% 40,438 $24.8M Add +1.1%
TECK Teck Resources Ltd.-CLS B 0.53% 517,729 $24.8M New
CSX CSX Corp. 0.52% 679,023 $24.6M Reduce -64.3%
RGEN Repligen Corp. 0.52% 150,000 $24.6M Add +3.5%
KRE SS SPDR S&P Regional Bank 0.52% 374,336 $24.3M Reduce -9.9%
AFRM Affirm Holdings Inc. 0.51% 323,872 $24.1M Add +662.0%
LPLA LPL Financial Holdings Inc. 0.51% 67,008 $23.9M New
BLK BlackRock Inc. 0.51% 22,336 $23.9M New
DHR Danaher Corp. 0.50% 103,676 $23.7M New
FIS Fidelity National Info Serv 0.50% 353,600 $23.5M New
TEL Te Connectivity PLC 0.49% 101,853 $23.2M New
ELV Elevance Health Inc. 0.48% 65,000 $22.8M Add +116.8%
URI United Rentals Inc. 0.48% 28,140 $22.8M Add +433.4%
GDX Vaneck Gold Miners ETF 0.48% 261,556 $22.4M Add +45.0%
SE Sea Ltd.-ADR 0.48% 175,312 $22.4M Add +624.9%
OS Onestream Inc. 0.47% 1,204,698 $22.1M New
FHN First Horizon Corp. 0.46% 908,000 $21.7M Add +122.5%
RBC RBC Bearings Inc. 0.45% 47,530 $21.3M New
AGCO Agco Corp. 0.45% 203,708 $21.3M New
ITT Itt Inc. 0.45% 122,225 $21.2M New
JHX James Hardie Ind PLC 0.45% 1,018,534 $21.1M Add +50.0%
ARGX Argenx SE - ADR 0.45% 25,000 $21.0M Add +66.7%
PSN Parsons Corp. 0.45% 339,511 $21.0M New
CI The Cigna Group 0.43% 73,414 $20.2M Add +52.7%
VZ Verizon Communications Inc. 0.43% 493,124 $20.1M New
W Wayfair Inc. Class A 0.42% 197,468 $19.8M New
PWR Quanta Services Inc. 0.42% 46,906 $19.8M Reduce -40.7%
IWM iShares Russell 2000 ETF 0.42% 79,896 $19.7M Reduce -32.9%
PH Parker Hannifin Corp. 0.41% 22,174 $19.5M Add +408.0%
CMG Chipotle Mexican Grill Inc. 0.41% 524,888 $19.4M New
LIN Linde PLC 0.41% 45,455 $19.4M New
BMRN Biomarin Pharmaceutical Inc. 0.41% 325,000 $19.3M New
LPX Louisiana-Pacific Corp. 0.41% 237,694 $19.2M New
TLN Talen Energy Corp. 0.40% 50,389 $18.9M Reduce -46.9%
IVZ Invesco Ltd. 0.37% 670,080 $17.6M New
RITM Rithm Capital Corp. 0.37% 1,600,000 $17.4M Add +6.3%
BX Blackstone Inc. 0.37% 111,680 $17.2M Add +33.3%
WBS Webster Financial Corp. 0.36% 272,000 $17.1M Add +53.9%
TFX Teleflex Inc. 0.35% 134,686 $16.4M Add +29.0%
CSTM Constellium SE 0.34% 857,954 $16.2M Add +33.5%
HBM Hudbay Minerals Inc. 0.33% 782,099 $15.5M Reduce -39.1%
MPWR Monolithic Power Systems Inc. 0.33% 17,080 $15.5M Add +32.5%
CVX Chevron Corp. 0.32% 100,000 $15.2M Add +2254.6%
SW Smurfit Westrock PLC 0.32% 393,812 $15.2M Reduce -46.6%
BIO Bio-Rad Laboratories-A 0.32% 50,000 $15.1M Reduce -9.1%
APP AppLovin Corp. Class A 0.32% 22,444 $15.1M Reduce -57.4%
BCSS Bain Capital GSS Inv- A 0.32% 1,500,000 $15.1M No change
CNR Core Natural Resources Inc. 0.32% 170,046 $15.1M Add +108.0%
ANET Arista Networks Inc. 0.31% 112,365 $14.7M Add +104.5%
CRS Carpenter Technology 0.31% 46,483 $14.6M Reduce -52.5%
BA The Boeing Co. 0.31% 66,951 $14.5M Add +228.6%
LINE Lineage Inc. 0.30% 407,412 $14.3M New
MTZ Mastec Inc. 0.30% 64,954 $14.1M Reduce -10.3%
TTAN Servicetitan Inc. Class A 0.30% 131,616 $14.0M New
AMTM Amentum Holdings Inc. 0.29% 475,314 $13.8M Add +16.7%
AEXA American Exceptionalism Class A 0.29% 1,200,000 $13.7M Add +9.1%
VST Vistra Corp. 0.29% 83,760 $13.5M Reduce -56.7%
FCX Freeport-McMoran Inc. 0.28% 263,495 $13.4M Reduce -83.7%

Show all 482 holdings

Options reported separately and not counted above: RSP calls ($287.3M), TLT calls ($283.3M), QQQ puts ($265.0M), TLT puts ($231.0M), SPY puts ($183.2M), IWM puts ($128.0M), SPY calls ($102.3M), GLD calls ($87.2M), EEM calls ($71.1M), XLF calls ($54.8M), SLV puts ($45.2M), HON calls ($39.7M), and 30 more.

Other holdings (142): bonds, preferreds, convertibles and warrants · $202.0M (not counted above)
SecurityClassShares / PrincipalValueChange
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 29,500,000$33.7MNew
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 32,945,000$33.3MNew
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal 31,586,000$32.2MNew
TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) DEB 4.625% 9/3 · principal 20,000,000$27.5MNew
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 27,500,000$27.0MNew
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 17,500,000$18.2MNew
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal 12,200,000$12.2MNo change
GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) NOTE 5.875%10/0 · principal 6,340,000$6.2MReduce -9.4%
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 250,000$1.9MNo change
BACQR Inflection Point Acquisition RIGHT 11/04/2026 750,000$551KNo change
BULLW Webull Corp.-30 *W EXP 04/10/203 150,000$430KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 600,000$425KNo change
OCSAW Oculis Holding AG -30 *W EXP 03/06/202 41,666$357KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 1,000,000$320KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 200,000$306KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 306,250$285KNo change
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 300,000$240KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 150,000$233KNo change
WLACW Willow Lane Acquisition - 29 *W EXP 10/31/203 50,000$224KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 250,000$221KNo change
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 100,000$205KNo change
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 300,000$196KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 500,000$185KNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 175,000$172KNo change
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 500,000$165KNo change
JENA ACQUISITION CORP II-RTS RIGHT 03/31/2030 700,000$137KNo change
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 187,500$137KAdd +15.4%
BACCR Blue Acquisition Corp.-RTS RIGHT 06/11/2030 400,000$130KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 225,000$124KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 225,000$119KNo change
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 33,333$118KNo change
TLNCW Talon Capital Corp.-30 *W EXP 08/27/203 199,999$118KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 333,333$117KNew
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 166,666$114KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 275,000$113KNo change
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 375,000$105KNew
SVIAW Procap Financial Inc. *W EXP 12/05/203 150,000$105KNew
DMIIR Drugs Made in America Acq-RT RIGHT 09/16/2030 750,000$105KNo change
OYSER Oyster Enterprises II Acquis RIGHT 05/22/2030 500,000$100KNo change
PAII.WS Pyrophyte Acquisition Corp. I *W EXP 07/30/203 250,000$100KNo change
TVACW Texas Ventures Acq -31 *W EXP 04/23/203 100,000$90KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 100,000$89KNo change
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 275,000$88KNew
HVIIR Hennessy Capital Investment RIGHT 01/17/2030 300,000$84KNo change
RTACW Renatus Tactical Acqu - 30 *W EXP 05/15/203 100,000$81KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 250,000$80KNo change
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 300,000$75KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 105,000$75KNo change
OTGAW Otg Acquisition Corp. I - 30 *W EXP 09/05/203 225,000$72KNo change
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 125,000$69KNo change
BDCIW BTC Development Corp. - 30 *W EXP 09/11/203 100,000$68KNo change
LATAW Galata Acquisition Corp. - 30 *W EXP 09/12/203 166,666$67KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 500,000$65KNo change
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 133,334$64KAdd +0.1%
LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 225,000$61KNo change
DRDBW Roman DBDR Acquisition -30 *W EXP 10/31/203 100,000$60KNo change
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 150,000$60KNo change
DRTSW Alpha Tau Medical Ltd. -27 *W EXP 99/99/999 175,000$60KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 150,000$57KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 125,000$56KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 125,000$56KNo change
PCAPW Procap Acq Corp. A -30 *W EXP 05/16/203 150,000$56KNo change
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 200,000$56KNew
HVMCW Highview Merger Corp. - 30 *W EXP 07/24/203 200,000$54KNo change
GFUZW Spring Valley Acq Co. -30 *W EXP 09/04/203 83,333$52KNo change
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 100,000$51KNo change
PEW.WS Grabagun Digital Holdings Inc. *W EXP 99/99/999 133,333$50KNo change
NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 100,000$50KNo change
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 200,000$50KNew
CRAQR Cal Redwood Acquisition Corp. RIGHT 05/15/2030 150,000$49KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 200,000$48KNo change
MDAIW Spectral AI -CW27 *W EXP 09/11/202 100,000$45KNo change
EVOXW Evolution Global Acquisition *W EXP 10/22/203 100,000$44KNew
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 50,000$44KNo change
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 99,999$42KNew
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 125,000$41KNo change
RANGR Range Capital Acquisition Co. RIGHT 99/99/9999 90,000$41KNo change
CHECW Chenghe Acquisition III Co. *W EXP 09/09/203 200,000$40KNo change
KRSP.WS Rice Acquisition Corp. 3 *W EXP 99/99/999 50,000$40KNew
WENNW Wen Acquisition Corp.-A -31 *W EXP 99/99/999 125,000$39KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 150,000$38KNo change
AXINR Axiom Intelligence Acquisiti RIGHT 06/10/2030 175,000$37KNo change
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 62,500$36KNew
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 200,000$35KNo change
CCIIW Cohen Circle Acq II -30 *W EXP 07/01/203 50,000$35KNo change
DYORW Insight Digital Partners II *W EXP 10/28/203 100,000$33KNew
PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 125,000$33KNo change
ALVOW Alvotech SA -27 *W EXP 99/99/999 50,000$32KNo change
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 75,000$32KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 66,666$32KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 200,000$32KNo change
BGLWW Blue Gold Ltd. *W EXP 04/01/203 75,000$32KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 100,000$32KNo change
DAAQW Digital Asset Acquisition-30 *W EXP 04/01/203 75,000$30KNo change
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 15,000$29KNew
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 50,000$29KNo change
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 100,000$29KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 100,000$27KNo change
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 75,000$26KNew
SESCW Ivanhoe Capital Class A -CW27 *W EXP 12/10/202 133,333$25KNo change
NTWOW Newbury Street II Acq - 29 *W EXP 06/01/203 100,000$25KNo change
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 66,667$25KAdd +0.1%
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 150,000$25KNew
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 83,333$23KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 50,000$23KNo change
CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 75,000$22KNo change
OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 100,000$22KNo change
CNCKW Coincheck Group NV *W EXP 12/11/202 50,000$20KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 100,000$20KNo change
DNMXW Dynamix Corp. III *W EXP 10/10/203 50,000$18KNew
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 50,000$18KNo change
SATLW Satellogic Inc.-A -23 *W EXP 01/25/202 66,666$17KNo change
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 33,334$17KNew
MCGAW Yorkville Acquisition - 30 *W EXP 06/06/203 33,333$17KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 50,000$16KNo change
LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 250,000$16KNo change
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 50,000$16KNo change
FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 50,000$14KNo change
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 100,000$14KNew
MKLYR McKinley Acquisition Corp. RIGHT 07/25/2030 100,000$13KNo change
TAVIR Tavia Acquisition Corp. RIGHT 11/26/2029 50,000$11KNo change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 233,333$10KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 37,500$10KNo change
MNYWW Moneyhero Ltd.-28 *W EXP 09/13/202 233,333$10KNo change
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 125,000$9KNo change
DAICW Cid Holdco Inc. -26 *W EXP 12/31/202 87,500$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$6KNo change
SDSTW Global Partner Acq A -CW27 *W EXP 06/21/202 58,333$6KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 37,500$5KNo change
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 125,000$4KNo change
LIMNW Liminatus Pharma Inc. Class A-28 *W EXP 04/30/203 125,000$4KNo change
PARAW 7GC & Co. Holdings Class A -CW26 *W EXP 12/14/202 200,000$3KNo change
PERFF Perfect Corp. *W EXP 10/28/202 112,500$2KNo change
GGROW Gogoro Inc. -CW27 *W EXP 04/04/202 250,000$2KNo change
LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 150,000$2KNo change
PIIIW P3 Health Partne -CW27 *W EXP 11/19/202 133,333$1KNo change
SMXWW SMX Security Matters PLC-28 *W EXP 03/07/202 25,000$1KReduce -66.7%
ALURW Allurion Technologies-28 *W EXP 08/01/203 76,562$1KNo change
SWVLW Pivotal Holdings Corp. -CW27 *W EXP 99/99/999 83,333$825No change
CHENGHE ACQUISITION II CO *W EXP 05/30/203 50,000$0New

Total filed on the 13F, all lines: $4.9B.

Portfolio Sells Q3 2025 → Q4 2025
MDY State Street SPDR S&P Midcap Sold out 0.00% −4.12
MSFT Microsoft Corp. Reduce -72.1% 1.38% −3.69
NFLX Netflix Inc. Sold out 0.00% −1.46
RBLX Roblox Corp. Class A Sold out 0.00% −1.43
SPOT Spotify Technology SA Reduce -94.8% 0.07% −1.42
META Meta Platforms Inc. Class A Reduce -88.7% 0.16% −1.35
NVDA Nvidia Corp. Reduce -57.0% 1.10% −1.34
FUTU Futu Holdings Ltd.-ADR Sold out 0.00% −1.09
CVNA Carvana Co. Reduce -85.5% 0.22% −1.08
UNM Unum Group Sold out 0.00% −1.04
COIN Coinbase Global Inc. Class A Sold out 0.00% −1.01
TLT iShares 20+ Year Treasury BD Sold out 0.00% −1.01
FCX Freeport-McMoran Inc. Reduce -83.7% 0.28% −1.00
XHB SS SPDR S&P Homebldrs ETF Reduce -98.7% 0.01% −0.99
AJG Arthur J Gallagher & Co. Sold out 0.00% −0.91
NU Nu Holdings Ltd./Cayman Isl-A Reduce -82.3% 0.22% −0.91
VRT Vertiv Holdings Co. Class A Reduce -90.7% 0.10% −0.90
KKR KKR & Co. Inc. Sold out 0.00% −0.89
CG The Carlyle Group Inc. Sold out 0.00% −0.85
CSX CSX Corp. Reduce -64.3% 0.52% −0.85
AL Sumisho Air Lease Corp. Reduce -85.2% 0.15% −0.81
EMB iShares JP Morgan Usd Emergi Sold out 0.00% −0.72
CEG Constellation Energy Sold out 0.00% −0.64
STRIVE INC Reduce -93.9% 0.01% −0.55
RIOT Riot Platforms Inc. Sold out 0.00% −0.53
AON Aon PLC Class A Reduce -34.2% 1.05% −0.49
VST Vistra Corp. Reduce -56.7% 0.29% −0.48
UNP Union Pacific Corp. Sold out 0.00% −0.48
CRWV Coreweave Inc. Class A Sold out 0.00% −0.47
APP AppLovin Corp. Class A Reduce -57.4% 0.32% −0.45
TSLA Tesla Inc. Reduce -45.0% 0.59% −0.42
TLN Talen Energy Corp. Reduce -46.9% 0.40% −0.42
SAIA Saia Inc. Sold out 0.00% −0.41
C Citigroup Inc. Reduce -44.2% 0.73% −0.36
ETN Eaton Corp. PLC Sold out 0.00% −0.36
ATI Ati Inc. Sold out 0.00% −0.35
BAC Bank of America Corp. Reduce -21.2% 2.42% −0.34
AMRZ Amrize Ltd. Sold out 0.00% −0.34
CNM Core & Main Inc. Class A Sold out 0.00% −0.33
ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −0.33
KBR KBR Inc. Sold out 0.00% −0.33
SW Smurfit Westrock PLC Reduce -46.6% 0.32% −0.31
BLDR Builders Firstsource Inc. Reduce -87.5% 0.04% −0.30
AAON Aaon Inc. Sold out 0.00% −0.28
ABBV Abbvie Inc. Sold out 0.00% −0.28
PRMB Primo Brands Corp. Sold out 0.00% −0.27
SEE Sealed Air Corp. Reduce -82.1% 0.07% −0.27
GDS GDS Holdings Ltd. - ADR Sold out 0.00% −0.26
INFQ Infleqtion Inc. Sold out 0.00% −0.26
SPXC SPX Technologies Inc. Sold out 0.00% −0.26

Portfolio Buys Q3 2025 → Q4 2025
RSP Invesco S&P 500 Equal Weight Add +3315.5% 4.98% +4.84
GOOGL Alphabet Inc. Class A Add +1173.1% 2.26% +2.13
AMZN Amazon.com Inc. Add +110.6% 2.26% +1.28
PLD Prologis Inc. New 1.06% +1.06
TDY Teledyne Technologies Inc. New 0.88% +0.88
AVGO Broadcom Inc. Add +269.1% 1.12% +0.84
UBS UBS Group AG-Reg Add +32.9% 2.18% +0.80
FERG Ferguson Enterprises Inc. New 0.80% +0.80
XYZ Block Inc. New 0.70% +0.70
PKG Packaging Corp. of America Add +689.3% 0.78% +0.68
KLAR Klarna Group PLC New 0.61% +0.61
SPY SS SPDR S&P 500 ETF Trust-US Add +23.0% 2.30% +0.55
TECK Teck Resources Ltd.-CLS B New 0.53% +0.53
DB Deutsche Bank AG-Registered Add +86.4% 0.97% +0.52
UBER Uber Technologies Inc. Add +570.8% 0.62% +0.51
LPLA LPL Financial Holdings Inc. New 0.51% +0.51
BLK BlackRock Inc. New 0.51% +0.51
DHR Danaher Corp. New 0.50% +0.50
FIS Fidelity National Info Serv New 0.50% +0.50
V Visa Inc. Class A Add +381.1% 0.62% +0.50
TEL Te Connectivity PLC New 0.49% +0.49
DASH DoorDash Inc. Class A Add +493.3% 0.60% +0.49
OS Onestream Inc. New 0.47% +0.47
MRP Millrose Properties Add +275.0% 0.65% +0.46
TSM Taiwan Semiconductor-SP ADR Add +50.4% 1.10% +0.46
RBC RBC Bearings Inc. New 0.45% +0.45
AGCO Agco Corp. New 0.45% +0.45
ITT Itt Inc. New 0.45% +0.45
AFRM Affirm Holdings Inc. Add +662.0% 0.51% +0.45
PSN Parsons Corp. New 0.45% +0.45
VZ Verizon Communications Inc. New 0.43% +0.43
W Wayfair Inc. Class A New 0.42% +0.42
WMB Williams Cos Inc. Add +285.3% 0.57% +0.42
CMG Chipotle Mexican Grill Inc. New 0.41% +0.41
LIN Linde PLC New 0.41% +0.41
BMRN Biomarin Pharmaceutical Inc. New 0.41% +0.41
LPX Louisiana-Pacific Corp. New 0.41% +0.41
SE Sea Ltd.-ADR Add +624.9% 0.48% +0.39
URI United Rentals Inc. Add +433.4% 0.48% +0.38
IVZ Invesco Ltd. New 0.37% +0.37
RBA RB Global Inc. Add +125.0% 0.67% +0.37
CCJ Cameco Corp. Add +165.5% 0.53% +0.36
PH Parker Hannifin Corp. Add +408.0% 0.41% +0.35
HUBB Hubbell Inc. Add +100.0% 0.64% +0.34
CVX Chevron Corp. Add +2254.6% 0.32% +0.31
LINE Lineage Inc. New 0.30% +0.30
TTAN Servicetitan Inc. Class A New 0.30% +0.30
ELV Elevance Health Inc. Add +116.8% 0.48% +0.29
FHN First Horizon Corp. Add +122.5% 0.46% +0.27
AMAT Applied Materials Inc. New 0.27% +0.27

Options Activity Q3 2025 → Q4 2025
RSP Invesco S&P 500 Equal Weight call New 1,500,000 $287.3M
TLT iShares 20+ Year Treasury BD call Add +225.0% 3,250,000 $283.3M
QQQ Invesco QQQ Trust Series 1 put Add +762.8% 431,400 $265.0M
TLT iShares 20+ Year Treasury BD put New 2,650,000 $231.0M
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -72.2% 268,700 $183.2M
MSFT Microsoft Corp. call Sold out 251,300 $130.2Mbefore exit
IWM iShares Russell 2000 ETF put Reduce -45.2% 520,100 $128.0M
QQQ Invesco QQQ Trust Series 1 call Sold out 181,400 $108.9Mbefore exit
SPY SS SPDR S&P 500 ETF Trust-US call New 150,000 $102.3M
META Meta Platforms Inc. Class A call Sold out 125,600 $92.2Mbefore exit
GLD SPDR Gold Shares call Add +120.0% 220,000 $87.2M
EEM iShares MSCI Emerging Market call New 1,300,000 $71.1M
FCX Freeport-McMoran Inc. call Sold out 1,567,700 $61.5Mbefore exit
BABA Alibaba Group Holding-SP ADR call Sold out 320,900 $57.4Mbefore exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 700,000 $56.8Mbefore exit
XLF SS Financial Select Sector call New 1,000,000 $54.8M
STLD Steel Dynamics Inc. call Sold out 362,900 $50.6Mbefore exit
FXI iShares China Large-Cap ETF call Sold out 1,200,000 $49.4Mbefore exit
SLV iShares Silver Trust put New 702,400 $45.2M
GS Goldman Sachs Group Inc. put Sold out 54,400 $43.3Mbefore exit
HON Honeywell International Inc. call New 203,700 $39.7M
HOOD Robinhood Markets Inc. Class A put Sold out 272,000 $38.9Mbefore exit
KWEB Kranesh Csi China Internet call Add +4323.2% 1,105,800 $37.7M
XLE SS Energy Select Sector call New 800,000 $35.8M
SLV iShares Silver Trust call Sold out 800,000 $33.9Mbefore exit
BLDR Builders Firstsource Inc. call Sold out 271,600 $32.9Mbefore exit
CCJ Cameco Corp. call Sold out 362,900 $30.4Mbefore exit
AMZN Amazon.com Inc. call Reduce -67.1% 128,400 $29.6M
BA The Boeing Co. call Sold out 135,800 $29.3Mbefore exit
XOP SS SPDR S&P Og Exp & Prod put Sold out 200,000 $26.4Mbefore exit
CHRW C.H. Robinson Worldwide Inc. put Sold out 177,400 $23.5Mbefore exit
WWD Woodward Inc. put New 68,200 $20.6M
NVDA Nvidia Corp. call Sold out 100,000 $18.7Mbefore exit
NVDA Nvidia Corp. put Sold out 100,000 $18.7Mbefore exit
LPX Louisiana-Pacific Corp. call New 203,700 $16.5M
IWM iShares Russell 2000 ETF call Sold out 66,400 $16.1Mbefore exit
XLV SS Health Care Select Sector put Sold out 100,000 $13.9Mbefore exit
TGT Target Corp. call Sold out 150,000 $13.5Mbefore exit
PFE Pfizer Inc. call New 500,000 $12.4M
GILD Gilead Sciences Inc. put Sold out 90,000 $10.0Mbefore exit
EWZ iShares MSCI Brazil ETF call Reduce -60.0% 300,000 $9.5M
RARE Ultragenyx Pharmaceutical Inc. call New 403,300 $9.3M
SOFI Sofi Technologies Inc. put Sold out 340,000 $9.0Mbefore exit
CLF Cleveland-Cliffs Inc. call Sold out 725,800 $8.9Mbefore exit
JHX James Hardie Ind PLC call Add +24.8% 423,700 $8.8M
OSCR Oscar Health Inc. Class A call Sold out 450,000 $8.5Mbefore exit
SN Sharkninja Inc. put New 75,000 $8.4M
CLF Cleveland-Cliffs Inc. put Sold out 665,300 $8.1Mbefore exit
RKT Rocket Cos Inc. Class A put Sold out 408,000 $7.9Mbefore exit
ARKK ARK Innovation ETF put New 100,000 $7.7M

Showing the first 50 of 93.

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

Notes & Other Activity Q3 2025 → Q4 2025
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal New 29,500,000 $33.7M
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal New 32,945,000 $33.3M
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal New 31,586,000 $32.2M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Sold out 30,444,000 $29.2Mbefore exit
TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) DEB 4.625% 9/3 · principal New 20,000,000 $27.5M
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal New 27,500,000 $27.0M
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal Sold out 17,649,000 $19.9Mbefore exit
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal New 17,500,000 $18.2M
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal Sold out 8,500,000 $9.5Mbefore exit
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal Sold out 8,861,000 $8.8Mbefore exit
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal Sold out 7,475,000 $7.4Mbefore exit
GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) NOTE 5.875%10/0 · principal Reduce -9.4% 6,340,000 $6.2M
PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) NOTE 4.750% 6/1 · principal Sold out 5,000,000 $5.4Mbefore exit
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal Sold out 1,000,000 $1.0Mbefore exit
USA RARE EARTH INC *W EXP 03/13/203 Sold out 75,000 $541Kbefore exit
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 Sold out 250,000 $325Kbefore exit
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 Sold out 500,000 $260Kbefore exit
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 Sold out 150,000 $180Kbefore exit
FCRS.WS Futurecrest Acquisition Corp. *W EXP 09/30/203 Add +15.4% 187,500 $137K
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 New 333,333 $117K
SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 New 375,000 $105K
SVIAW Procap Financial Inc. *W EXP 12/05/203 New 150,000 $105K
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 New 275,000 $88K
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 Sold out 300,000 $84Kbefore exit
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 Add +0.1% 133,334 $64K
APXTW Apex Treasury Corp. -30 *W EXP 10/07/203 New 200,000 $56K
APADR A Paradise Acquisition Corp. RIGHT 07/29/2025 New 200,000 $50K
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 Sold out 250,000 $46Kbefore exit
EVOXW Evolution Global Acquisition *W EXP 10/22/203 New 100,000 $44K
NSTR.WS Viking Acquisition Corp. I *W EXP 11/03/203 New 99,999 $42K
KRSP.WS Rice Acquisition Corp. 3 *W EXP 99/99/999 New 50,000 $40K
ONCHW 1RT Acquisition Corp.-A -31 *W EXP 06/26/203 New 62,500 $36K
DYORW Insight Digital Partners II *W EXP 10/28/203 New 100,000 $33K
LKSPR Lake Superior Acquisition Co. RIGHT 09/19/2030 New 15,000 $29K
KOYNW CSLM Digital Asset Acquisiti *W EXP 08/28/203 New 75,000 $26K
MBVIW M3-Brigade Acquisition Vi Co. *W EXP 08/18/203 Add +0.1% 66,667 $25K
TDWDR Tailwind 2.0 Acquisition-RTS RIGHT 11/07/2030 New 150,000 $25K
DNMXW Dynamix Corp. III *W EXP 10/10/203 New 50,000 $18K
HCMAW HCM III Acquisition Corp. -30 *W EXP 07/23/203 New 33,334 $17K
LAFAR Lafayette Acquisition Corp. RIGHT 10/24/2030 New 100,000 $14K
AMBWQ Ambipar Emergency Respons-28 *W EXP 03/03/202 Sold out 200,000 $8Kbefore exit
SONWQ Gores Metropoulos II -CW28 *W EXP 01/18/202 Sold out 200,000 $2Kbefore exit
SMXWW SMX Security Matters PLC-28 *W EXP 03/07/202 Reduce -66.7% 25,000 $1K
CHENGHE ACQUISITION II CO *W EXP 05/30/203 New 50,000 $0

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