Nomura Holdings Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Nomura Holdings Inc. reported 994 stock positions worth $18.7 billion. Its top holding was Coinbase Global Inc. (coin 0.5 06/01/26) at 21.9% of the portfolio, followed by Nvidia (NVDA, 6.7%) and Tesla (TSLA, 6.0%). Compared with Q4 2024, it opened 125 new positions, sold out of 581, added to 313 and reduced 519. The biggest buy was Coinbase Global Inc. (coin 0.5 06/01/26) (shares +880%) and the biggest sale Tesla (TSLA, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- TOKYO, M0
- CIK
- 0001163653
- Portfolio Value
- $18.7B (Q1 2025)
- SEC Filing
- 0000905148-25-001686 ↗ filed May 15, 2025
Holdings Value
Holdings 994 stocks · $18.7B
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | 21.94% | 23,778,700 | $4.1B | Add +879.5% |
| NVDA Nvidia Corp. | 6.66% | 11,471,868 | $1.2B | Reduce -8.9% |
| TSLA Tesla Inc. | 6.02% | 4,334,451 | $1.1B | Reduce -34.4% |
| NKE Nike Inc. Class B | 3.41% | 10,018,108 | $635.9M | Add +2734.0% |
| PSX Phillips 66 | 2.78% | 4,208,161 | $519.6M | Add +724.8% |
| EQIX Equinix Inc. | 2.51% | 574,615 | $468.5M | Add +14.3% |
| BP BP PLC-Spons ADR | 1.87% | 10,345,190 | $349.6M | Reduce -35.9% |
| CCI Crown Castle Inc. | 1.74% | 3,108,274 | $324.0M | Reduce -13.5% |
| CTSH Cognizant Tech Solutions-A | 1.59% | 3,875,036 | $296.4M | Add +105.6% |
| ZS Zscaler Inc. | 1.49% | 1,401,359 | $278.1M | Add +30.9% |
| META Meta Platforms Inc. Class A | 1.44% | 467,655 | $269.5M | Reduce -13.7% |
| SMCI Super Micro Computer Inc. | 1.44% | 7,854,827 | $268.9M | Add +1479.5% |
| DLTR Dollar Tree Inc. | 1.25% | 3,108,117 | $233.3M | Reduce -11.3% |
| UNITED STATES STEEL CORP (X 5 11/01/26) | 1.14% | 5,047,448 | $213.3M | No change |
| SLVM Sylvamo Corp. | 1.13% | 3,149,991 | $211.3M | No change |
| AAPL Apple Inc. | 1.09% | 920,335 | $204.4M | Reduce -21.1% |
| PRKS United Parks & Resorts Inc. | 1.09% | 4,488,690 | $204.1M | No change |
| MSFT Microsoft Corp. | 1.08% | 536,239 | $201.3M | Reduce -24.9% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | 1.00% | 40,422 | $186.2M | Reduce -36.8% |
| EA Electronic Arts Inc. | 0.86% | 1,110,215 | $160.4M | Add +3457.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.81% | 912,911 | $151.5M | Add +55.8% |
| BHC Bausch Health Cos Inc. | 0.81% | 23,395,000 | $151.4M | Add +106.2% |
| COIN Coinbase Global Inc. Class A | 0.75% | 807,781 | $139.1M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 0.69% | 835,486 | $129.2M | Add +5.7% |
| HON Honeywell International Inc. | 0.68% | 597,314 | $126.5M | Reduce -25.0% |
| HPE Hewlett Packard Enterprise | 0.65% | 7,883,218 | $121.6M | Add +17092.4% |
| MA Mastercard Inc. Class A | 0.62% | 211,098 | $115.7M | Reduce -17.7% |
| DAN Dana Inc. | 0.57% | 8,018,082 | $106.9M | Add +3.6% |
| UNH Unitedhealth Group Inc. | 0.55% | 197,172 | $103.3M | Reduce -14.5% |
| CRL Charles River Laboratories | 0.49% | 601,615 | $90.6M | Add +95.5% |
| AMZN Amazon.com Inc. | 0.43% | 423,349 | $80.5M | Reduce -55.0% |
| DATADOG INC (DDOG 0.125 06/15/25) | 0.42% | 798,494 | $79.2M | Add +153.5% |
| PLTR Palantir Technologies Inc. Class A | 0.40% | 890,292 | $75.1M | Add +209.2% |
| CAR Avis Budget Group Inc. | 0.38% | 941,151 | $71.4M | Add +91.9% |
| XIFR XPLR Infrastructure LP | 0.33% | 6,511,850 | $61.9M | New |
| PENN Penn Entertainment Inc. | 0.32% | 3,621,265 | $59.1M | Reduce -42.6% |
| BJRI Bj's Restaurants Inc. | 0.31% | 1,700,780 | $58.3M | Add +103.2% |
| X United States Steel Corp. | 0.31% | 1,367,232 | $57.8M | Add +105.8% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | 0.31% | 336,030 | $57.3M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | 0.30% | 1,382,811 | $55.9M | Add +21.2% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | 0.29% | 655,961 | $53.6M | No change |
| HUBSPOT INC (HUBS 0.375 06/01/25) | 0.29% | 93,190 | $53.2M | Reduce -0.6% |
| INTC Intel Corp. | 0.28% | 2,277,637 | $51.7M | Reduce -8.2% |
| LI AUTO INC (LI 0.25 05/01/28) | 0.27% | 2,009,162 | $50.6M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.26% | 312,438 | $48.8M | Reduce -23.6% |
| AVGO Broadcom Inc. | 0.26% | 285,207 | $47.8M | Reduce -45.7% |
| GPN Global Payments Inc. | 0.25% | 478,724 | $46.9M | Add +0.8% |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | 0.25% | 477,972 | $46.8M | No change |
| MU Micron Technology Inc. | 0.24% | 522,063 | $45.4M | Reduce -0.9% |
| KBR KBR Inc. | 0.24% | 907,002 | $45.2M | Add +5030.1% |
| EXE Expand Energy Corp. | 0.24% | 401,139 | $44.7M | Add +738.5% |
| JPM JPMorgan Chase & Co. | 0.23% | 178,243 | $43.7M | Reduce -17.5% |
| PLAY Dave & Buster's Entertainmen | 0.23% | 2,419,491 | $42.5M | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | 0.23% | 80,293 | $42.2M | Reduce -20.0% |
| NFLX Netflix Inc. | 0.22% | 45,030 | $42.0M | Reduce -49.8% |
| V Visa Inc. Class A | 0.22% | 118,247 | $41.4M | Add +17.4% |
| COST Costco Wholesale Corp. | 0.22% | 43,232 | $40.9M | Reduce -14.7% |
| LLY Eli Lilly & Co. | 0.21% | 48,308 | $39.9M | Reduce -8.3% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | 0.21% | 476,789 | $38.4M | Add +591.1% |
| ETSY Etsy Inc. | 0.20% | 792,764 | $37.4M | Reduce -71.7% |
| LUV Southwest Airlines Co. | 0.20% | 1,097,590 | $36.9M | Add +40.6% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | 0.19% | 894,588 | $36.2M | Add +76.6% |
| CRM Salesforce Inc. | 0.19% | 134,064 | $36.0M | Reduce -21.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 96,619 | $34.1M | Add +43.9% |
| ETN Eaton Corp. PLC | 0.18% | 124,766 | $33.9M | Add +513.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 62,700 | $33.4M | Reduce -41.1% |
| CSCO Cisco Systems Inc. | 0.18% | 535,877 | $33.1M | Reduce -18.9% |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 0.17% | 12,084,861 | $32.1M | Reduce -3.2% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.17% | 400,234 | $32.1M | Reduce -4.6% |
| APP AppLovin Corp. Class A | 0.17% | 121,061 | $32.1M | Add +98.2% |
| MMSI Merit Medical Systems Inc. | 0.17% | 303,175 | $32.0M | Reduce -5.8% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | 0.17% | 153,354 | $31.7M | No change |
| KR Kroger Co. | 0.17% | 460,278 | $31.2M | Add +14.6% |
| MS Morgan Stanley | 0.16% | 262,389 | $30.6M | Add +325.1% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | 0.16% | 2,397,606 | $29.9M | Add +57.4% |
| ETWO E2OPEN Parent Holdings Inc. | 0.16% | 14,739,341 | $29.5M | Add +0.1% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | 0.16% | 730,904 | $29.4M | Reduce -5.4% |
| BIIB Biogen Inc. | 0.16% | 213,770 | $29.3M | Reduce -2.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | 0.15% | 236,204 | $28.8M | Add +27.1% |
| CSGP Costar Group Inc. | 0.15% | 363,097 | $28.8M | Add +399.8% |
| PLD Prologis Inc. | 0.15% | 245,789 | $27.5M | Add +60.9% |
| ZSCALER INC. (ZS 0.125 07/01/25) | 0.15% | 138,378 | $27.5M | Add +76.4% |
| ARI Apollo Commercial Real Estat | 0.14% | 2,794,924 | $26.7M | Reduce -23.6% |
| COF Capital One Financial Corp. | 0.14% | 146,982 | $26.4M | Add +1068.9% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | 0.14% | 2,496,482 | $26.3M | Add +3153.7% |
| GPC Genuine Parts Co. | 0.14% | 218,615 | $26.0M | Add +2331.8% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | 0.14% | 171,329 | $26.0M | Add +413.3% |
| TOST Toast Inc. Class A | 0.13% | 757,729 | $25.1M | Add +270.7% |
| AXP American Express Co. | 0.13% | 92,664 | $24.9M | Reduce -43.4% |
| DHC Diversified Healthcare Trust | 0.13% | 10,227,921 | $24.5M | Reduce -5.3% |
| GVA Granite Construction Inc. | 0.13% | 322,903 | $24.3M | Add +15.6% |
| MNRO Monro Inc. | 0.13% | 1,681,250 | $24.3M | Add +62.8% |
| ORCL Oracle Corp. | 0.13% | 171,289 | $23.9M | Add +47.4% |
| DLR Digital Realty Trust Inc. | 0.13% | 163,463 | $23.4M | Add +251.5% |
| WELL Welltower Inc. | 0.12% | 151,771 | $23.3M | Add +72.1% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | 0.12% | 668,953 | $23.1M | No change |
| CVS CVS Health Corp. | 0.12% | 337,895 | $22.9M | Reduce -40.2% |
| HOUS Anywhere Real Estate Inc. | 0.12% | 6,801,590 | $22.6M | Add +56.4% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.12% | 224,515 | $22.6M | Reduce -0.8% |
| MCD McDonald's Corp. | 0.12% | 71,701 | $22.4M | Reduce -37.8% |
Options reported separately and not counted above: META calls ($3.0B), IWM puts ($2.4B), NVDA calls ($1.8B), SPY puts ($1.6B), QQQ puts ($1.3B), NVDA puts ($1.1B), TSLA puts ($1.1B), HON calls ($948.5M), SPY calls ($851.9M), QQQ calls ($761.9M), HYG puts ($579.5M), EA puts ($560.3M), and 701 more.
Other holdings (14): bonds, preferreds, convertibles and warrants · $11.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 354,291 | $9.8M | No change |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 65,394 | $1.5M | Add +185.2% |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 48,980 | $28K | No change |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 53,006 | $16K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 34,200 | $13K | No change |
| ABVWF Above Food Ingredients- 29 | *W EXP 06/28/202 | 481,988 | $11K | No change |
| TMCWW TMC the Metals Co. Inc. -CW25I | *W EXP 09/09/202 | 36,415 | $9K | No change |
| CRPWF Carbon Revolution PLC | *W EXP 99/99/999 | 116,666 | $5K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 66,666 | $2K | No change |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 12,500 | $2K | No change |
| CGBWF Crown LNG Holdings Ltd.-28 | *W EXP 07/09/202 | 51,999 | $2K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 21,687 | $998 | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 16,667 | $867 | No change |
| MSPRW MSP Recovery Inc. -27 | *W EXP 05/20/202 | 26,120 | $52 | No change |
Total filed on the 13F, all lines: $18.7B.
Portfolio Sells Q4 2024 → Q1 2025
| TSLA Tesla Inc. | Reduce -34.4% | 6.02% | −8.15 |
| NVDA Nvidia Corp. | Reduce -8.9% | 6.66% | −2.32 |
| APD Air Products & Chemicals Inc. | Reduce -99.3% | 0.01% | −1.16 |
| CAE Cae Inc. | Sold out | 0.00% | −1.07 |
| BA The Boeing Co. | Reduce -89.7% | 0.11% | −0.97 |
| GS Goldman Sachs Group Inc. | Reduce -92.6% | 0.06% | −0.78 |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | Reduce -36.8% | 1.00% | −0.69 |
| AMZN Amazon.com Inc. | Reduce -55.0% | 0.43% | −0.66 |
| BP BP PLC-Spons ADR | Reduce -35.9% | 1.87% | −0.66 |
| ETSY Etsy Inc. | Reduce -71.7% | 0.20% | −0.59 |
| MSFT Microsoft Corp. | Reduce -24.9% | 1.08% | −0.52 |
| CZR Caesars Entertainment Inc. | Reduce -95.8% | 0.02% | −0.50 |
| AAPL Apple Inc. | Reduce -21.1% | 1.09% | −0.46 |
| AVGO Broadcom Inc. | Reduce -45.7% | 0.26% | −0.39 |
| PENN Penn Entertainment Inc. | Reduce -42.6% | 0.32% | −0.35 |
| HUN Huntsman Corp. | Sold out | 0.00% | −0.31 |
| HON Honeywell International Inc. | Reduce -25.0% | 0.68% | −0.28 |
| HSIC Henry Schein Inc. | Reduce -87.0% | 0.04% | −0.27 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.27 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.26 |
| PSTX Poseida Therapeutics Inc. | Sold out | 0.00% | −0.26 |
| AEP American Electric Power | Reduce -95.4% | 0.01% | −0.25 |
| CVX Chevron Corp. | Reduce -96.3% | 0.01% | −0.24 |
| META Meta Platforms Inc. Class A | Reduce -13.7% | 1.44% | −0.24 |
| AMD Advanced Micro Devices | Reduce -64.2% | 0.11% | −0.24 |
| PYPL PayPal Holdings Inc. | Reduce -90.4% | 0.02% | −0.21 |
| AMGN Amgen Inc. | Reduce -92.4% | 0.02% | −0.21 |
| NFLX Netflix Inc. | Reduce -49.8% | 0.22% | −0.20 |
| VLO Valero Energy Corp. | Reduce -93.8% | 0.01% | −0.17 |
| WM Waste Management Inc. | Reduce -92.5% | 0.02% | −0.16 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -23.6% | 0.26% | −0.15 |
| QCOM Qualcomm Inc. | Reduce -65.3% | 0.08% | −0.15 |
| DLTR Dollar Tree Inc. | Reduce -11.3% | 1.25% | −0.15 |
| MSTR Strategy Inc. | Reduce -54.5% | 0.11% | −0.13 |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | Sold out | 0.00% | −0.13 |
| AXP American Express Co. | Reduce -43.4% | 0.13% | −0.12 |
| BTDR Bitdeer Technologies Group-A | Sold out | 0.00% | −0.12 |
| FLUT Flutter Entertainment PLC-Di | Reduce -98.6% | 0.00% | −0.12 |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | Sold out | 0.00% | −0.12 |
| SPR Spirit Aerosystems Hold Class A | Reduce -65.1% | 0.07% | −0.12 |
| HCA HCA Healthcare Inc. | Reduce -69.9% | 0.06% | −0.12 |
| AAOI Applied Optoelectronics Inc. | Reduce -29.0% | 0.05% | −0.12 |
| MPLX MPLX LP | Sold out | 0.00% | −0.11 |
| AKAM Akamai Technologies Inc. | Reduce -49.8% | 0.08% | −0.11 |
| CRM Salesforce Inc. | Reduce -21.4% | 0.19% | −0.11 |
| INSULET CORPORATION (PODD 0.375 09/01/26) | Reduce -95.4% | 0.01% | −0.11 |
| FORD MOTOR COMPANY (F 0 03/15/26) | Sold out | 0.00% | −0.11 |
| CPRI Capri Holdings Ltd. | Reduce -95.3% | 0.01% | −0.11 |
| PDD PDD Holdings Inc. | Reduce -69.2% | 0.07% | −0.11 |
Portfolio Buys Q4 2024 → Q1 2025
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | Add +879.5% | 21.94% | +18.73 |
| NKE Nike Inc. Class B | Add +2734.0% | 3.41% | +3.26 |
| PSX Phillips 66 | Add +724.8% | 2.78% | +2.47 |
| SMCI Super Micro Computer Inc. | Add +1479.5% | 1.44% | +1.36 |
| EA Electronic Arts Inc. | Add +3457.5% | 0.86% | +0.84 |
| CTSH Cognizant Tech Solutions-A | Add +105.6% | 1.59% | +0.82 |
| HPE Hewlett Packard Enterprise | Add +17092.4% | 0.65% | +0.65 |
| ZS Zscaler Inc. | Add +30.9% | 1.49% | +0.46 |
| XIFR XPLR Infrastructure LP | New | 0.33% | +0.33 |
| BHC Bausch Health Cos Inc. | Add +106.2% | 0.81% | +0.33 |
| PLTR Palantir Technologies Inc. Class A | Add +209.2% | 0.40% | +0.29 |
| KBR KBR Inc. | Add +5030.1% | 0.24% | +0.24 |
| EXE Expand Energy Corp. | Add +738.5% | 0.24% | +0.21 |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | Add +591.1% | 0.21% | +0.21 |
| TSM Taiwan Semiconductor-SP ADR | Add +55.8% | 0.81% | +0.20 |
| X United States Steel Corp. | Add +105.8% | 0.31% | +0.19 |
| DATADOG INC (DDOG 0.125 06/15/25) | Add +153.5% | 0.42% | +0.19 |
| CRL Charles River Laboratories | Add +95.5% | 0.49% | +0.18 |
| CAR Avis Budget Group Inc. | Add +91.9% | 0.38% | +0.17 |
| BJRI Bj's Restaurants Inc. | Add +103.2% | 0.31% | +0.16 |
| ETN Eaton Corp. PLC | Add +513.4% | 0.18% | +0.15 |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | Add +3153.7% | 0.14% | +0.13 |
| GPC Genuine Parts Co. | Add +2331.8% | 0.14% | +0.13 |
| COF Capital One Financial Corp. | Add +1068.9% | 0.14% | +0.13 |
| CSGP Costar Group Inc. | Add +399.8% | 0.15% | +0.13 |
| MS Morgan Stanley | Add +325.1% | 0.16% | +0.12 |
| MIDDLEBY CORP (MIDD 1 09/01/25) | Add +413.3% | 0.14% | +0.12 |
| JNPR Juniper Networks Inc. | Add +4621.7% | 0.10% | +0.10 |
| DAN Dana Inc. | Add +3.6% | 0.57% | +0.10 |
| BRSP Brightspire Capital Inc. | New | 0.10% | +0.10 |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | Add +1663.0% | 0.10% | +0.10 |
| TOST Toast Inc. Class A | Add +270.7% | 0.13% | +0.10 |
| DDOG Datadog Inc. Class A | New | 0.09% | +0.09 |
| DKNG Draftkings Inc. Class A | New | 0.09% | +0.09 |
| MKC McCormick & Co.-Non VTG SHRS | Add +939.3% | 0.10% | +0.09 |
| GCO Genesco Inc. | New | 0.09% | +0.09 |
| CYH Community Health Systems Inc. | Add +14684.8% | 0.08% | +0.08 |
| DLR Digital Realty Trust Inc. | Add +251.5% | 0.13% | +0.08 |
| TLN Talen Energy Corp. | Add +1580.8% | 0.08% | +0.08 |
| APO Apollo Global Management Inc. | Add +723.6% | 0.08% | +0.07 |
| ZSCALER INC. (ZS 0.125 07/01/25) | Add +76.4% | 0.15% | +0.07 |
| APP AppLovin Corp. Class A | Add +98.2% | 0.17% | +0.07 |
| BECN Beacon Roofing Supply Inc. | New | 0.07% | +0.07 |
| SEMTECH CORP (SMTC 1.625 11/01/27) | New | 0.07% | +0.07 |
| WELL Welltower Inc. | Add +72.1% | 0.12% | +0.07 |
| PLD Prologis Inc. | Add +60.9% | 0.15% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +43.9% | 0.18% | +0.06 |
| FIRSTENERGY CORP (FE 4 05/01/26) | Add +21.2% | 0.30% | +0.06 |
| LUV Southwest Airlines Co. | Add +40.6% | 0.20% | +0.06 |
| NUTANIX INC (NTNX 0.25 10/01/27) | New | 0.05% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | call | Reduce -35.5% | 5,195,800 | $3.0B |
| IWM iShares Russell 2000 ETF | put | Add +99.0% | 11,884,500 | $2.4B |
| NVDA Nvidia Corp. | call | Reduce -12.7% | 16,540,200 | $1.8B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -0.2% | 2,853,000 | $1.6B |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -40.8% | 2,854,300 | $1.3B |
| NVDA Nvidia Corp. | put | Reduce -60.5% | 10,407,300 | $1.1B |
| TSLA Tesla Inc. | put | Reduce -87.1% | 4,132,200 | $1.1B |
| HON Honeywell International Inc. | call | Reduce -21.1% | 4,479,200 | $948.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +224.0% | 1,522,900 | $851.9M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +16.9% | 1,624,900 | $761.9M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +360.2% | 7,346,200 | $579.5M |
| EA Electronic Arts Inc. | put | New | 3,877,300 | $560.3M |
| X United States Steel Corp. | put | Reduce -22.9% | 13,240,900 | $559.6M |
| TSLA Tesla Inc. | call | Reduce -66.2% | 1,938,700 | $502.4M |
| EQIX Equinix Inc. | call | Reduce -18.5% | 550,000 | $448.4M |
| EQIX Equinix Inc. | put | Reduce -4.3% | 550,000 | $448.4M |
| MSFT Microsoft Corp. | put | Add +34.7% | 1,178,600 | $442.4M |
| DLTR Dollar Tree Inc. | call | Add +18.6% | 5,620,700 | $421.9M |
| AAPL Apple Inc. | call | Reduce -23.1% | 1,798,200 | $399.4M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -5.8% | 2,023,000 | $335.8M |
| GOOGL Alphabet Inc. Class A | call | Reduce -13.5% | 2,031,400 | $314.1M |
| AXP American Express Co. | call | Reduce -19.9% | 1,122,200 | $301.9M |
| MSFT Microsoft Corp. | call | Reduce -27.9% | 757,800 | $284.5M |
| META Meta Platforms Inc. Class A | put | Reduce -46.8% | 485,900 | $280.1M |
| IWM iShares Russell 2000 ETF | call | Add +46.0% | 1,340,000 | $267.3M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Add +622.2% | 3,250,000 | $256.4M |
| COF Capital One Financial Corp. | call | New | 1,403,300 | $251.6M |
| BP BP PLC-Spons ADR | call | Reduce -32.9% | 7,392,600 | $249.8M |
| X United States Steel Corp. | call | Add +51.7% | 5,746,600 | $242.9M |
| APO Apollo Global Management Inc. | call | Reduce -47.5% | 1,694,600 | $232.1M |
| CTSH Cognizant Tech Solutions-A | put | Add +92.4% | 2,900,000 | $221.8M |
| EEM iShares MSCI Emerging Market | put | Add +0.1% | 4,989,500 | $218.0M |
| AAPL Apple Inc. | put | Reduce -42.2% | 979,700 | $217.6M |
| XHB SS SPDR S&P Homebldrs ETF | call | New | 2,108,700 | $204.3M |
| ZS Zscaler Inc. | put | Add +88.3% | 977,800 | $194.0M |
| TKO Tko Group Holdings Inc. | put | Sold out | 1,295,600 | $184.1Mbefore exit |
| XLF SS Financial Select Sector | call | Reduce -27.3% | 3,680,000 | $183.3M |
| DLTR Dollar Tree Inc. | put | Add +14.0% | 2,331,300 | $175.0M |
| PG The Procter & Gamble Co. | call | Add +3985.6% | 1,021,400 | $174.1M |
| IVV iShares Core S&P 500 ETF | call | Sold out | 280,000 | $164.8Mbefore exit |
| IVV iShares Core S&P 500 ETF | put | Sold out | 280,000 | $164.8Mbefore exit |
| NKE Nike Inc. Class B | call | Add +18270.8% | 2,388,200 | $151.6M |
| TLT iShares 20+ Year Treasury BD | call | Add +1156.2% | 1,625,500 | $148.0M |
| CRM Salesforce Inc. | call | Add +635.5% | 459,700 | $123.4M |
| KWEB Kranesh Csi China Internet | call | Add +382.2% | 3,463,000 | $120.9M |
| SMCI Super Micro Computer Inc. | put | Add +41.6% | 3,508,600 | $120.1M |
| LUV Southwest Airlines Co. | put | Add +5787.5% | 3,532,500 | $118.6M |
| NKE Nike Inc. Class B | put | Add +492.3% | 1,835,000 | $116.5M |
| MSTR Strategy Inc. | put | Add +6.8% | 403,800 | $116.4M |
| V Visa Inc. Class A | call | Add +11.2% | 325,000 | $113.9M |
Showing the first 50 of 871.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +185.2% | 65,394 | $1.5M |
| VMCWF Valuence Merger Corp. -CW27 | *W EXP 99/99/999 | Sold out | 245,000 | $9Kbefore exit |
| PLMWF Plum Acquisition Corp. III-CW | *W EXP 03/31/202 | Sold out | 40,000 | $7Kbefore exit |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 05/23/202 | Sold out | 150,000 | $7Kbefore 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 | 1,086 | $23.6B | MU, ALIBABA GROUP HOLDING (BABA 0.5 06/01/31), AMD, NVDA, TECK |
| Q1 2026 | 1,040 | $12.0B | ALIBABA GROUP HOLDING (BABA 0.5 06/01/31), DLTR, TECK, NVDA, CTSH |
| Q4 2025 | 1,100 | $35.0B | ECHOSTAR CORP (ECHO 3.875 11/30/30), ALIBABA GROUP HOLDING (BABA 0.5 06/01/31), NVDA, TSLA, DLTR |
| Q3 2025 | 1,094 | $19.5B | TSLA, NVDA, HON, TSM, NKE |
| Q2 2025Amended | 738 | $12.4B | TSLA, NVDA, EQIX, TSM, CCI |
| Q1 2025 | 994 | $18.7B | COINBASE GLOBAL INC (COIN 0.5 06/01/26), NVDA, TSLA, NKE, PSX |
| Q4 2024 | 1,449 | $18.8B | TSLA, NVDA, COINBASE GLOBAL INC (COIN 0.5 06/01/26), BP, EQIX |
| Q3 2024Amended | 856 | $13.0B | NVDA, TSLA, COINBASE GLOBAL INC (COIN 0.5 06/01/26), META, DLTR |
| Q2 2024 | 1,069 | $15.5B | NVDA, DLTR, CTSH, TXN, CTLT |
| Q1 2024 | 914 | $12.3B | DLTR, CTSH, CTLT, JCI, APTV |