Nomura Holdings Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Nomura Holdings Inc. reported 1,094 stock positions worth $19.5 billion. Its top holding was Tesla (TSLA) at 14.0% of the portfolio, followed by Nvidia (NVDA, 6.4%) and Honeywell International (HON, 4.2%). Compared with Q2 2025, it opened 516 new positions, sold out of 160, added to 369 and reduced 192. The biggest buy was Honeywell International (HON, shares +938%) and the biggest sale Equinix (EQIX, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- TOKYO, M0
- CIK
- 0001163653
- Portfolio Value
- $19.5B (Q3 2025)
- SEC Filing
- 0000905148-25-003973 ↗ filed Nov 14, 2025
Holdings Value
Holdings 1,094 stocks · $19.5B
| TSLA Tesla Inc. | 13.99% | 6,143,391 | $2.7B | Reduce -2.0% |
| NVDA Nvidia Corp. | 6.41% | 6,706,118 | $1.3B | Add +41.1% |
| HON Honeywell International Inc. | 4.23% | 3,925,276 | $826.3M | Add +938.0% |
| TSM Taiwan Semiconductor-SP ADR | 2.84% | 1,982,784 | $553.8M | Add +37.5% |
| NKE Nike Inc. Class B | 2.71% | 7,603,813 | $530.2M | Add +854.8% |
| META Meta Platforms Inc. Class A | 2.65% | 705,887 | $518.4M | Add +80.9% |
| MSFT Microsoft Corp. | 2.02% | 763,028 | $395.2M | Add +31.9% |
| GOOGL Alphabet Inc. Class A | 2.00% | 1,602,947 | $389.7M | Add +122.2% |
| AAPL Apple Inc. | 1.90% | 1,457,231 | $371.1M | Add +179.5% |
| DLTR Dollar Tree Inc. | 1.84% | 3,810,568 | $359.6M | Add +44.3% |
| PM Philip Morris International | 1.24% | 1,490,777 | $241.8M | Add +6821.6% |
| CAR Avis Budget Group Inc. | 1.23% | 1,490,083 | $239.3M | Add +40.5% |
| PRKS United Parks & Resorts Inc. | 1.19% | 4,476,357 | $231.4M | Add +742.3% |
| DASH DoorDash Inc. Class A | 1.15% | 827,282 | $225.0M | Add +68.5% |
| EQIX Equinix Inc. | 1.02% | 254,482 | $199.3M | Reduce -53.8% |
| PLTR Palantir Technologies Inc. Class A | 1.02% | 1,087,136 | $198.3M | Reduce -46.4% |
| SPR Spirit Aerosystems Hold Class A | 0.97% | 4,921,401 | $190.0M | Reduce -4.4% |
| PNFP Pinnacle Financial Partners | 0.96% | 2,002,585 | $187.8M | New |
| UNH Unitedhealth Group Inc. | 0.95% | 537,875 | $185.7M | Add +36.8% |
| COIN Coinbase Global Inc. Class A | 0.93% | 540,290 | $182.3M | Add +72.7% |
| AVGO Broadcom Inc. | 0.93% | 548,671 | $181.0M | Add +173.3% |
| PEP Pepsico Inc. | 0.81% | 1,126,555 | $158.2M | Add +229.5% |
| AMD Advanced Micro Devices | 0.80% | 966,215 | $156.3M | Add +136.5% |
| SNV Synovus Financial Corp. | 0.75% | 3,000,630 | $147.3M | New |
| AMZN Amazon.com Inc. | 0.75% | 663,639 | $145.7M | Add +247.5% |
| HOOD Robinhood Markets Inc. Class A | 0.72% | 985,909 | $141.2M | Add +162.9% |
| CRL Charles River Laboratories | 0.65% | 806,275 | $126.1M | Reduce -48.6% |
| LUV Southwest Airlines Co. | 0.63% | 3,862,036 | $123.2M | Add +19.5% |
| NFLX Netflix Inc. | 0.54% | 88,757 | $106.4M | Add +282.5% |
| BHC Bausch Health Cos Inc. | 0.52% | 15,708,085 | $101.3M | Reduce -26.9% |
| MU Micron Technology Inc. | 0.50% | 586,375 | $98.1M | Add +38.8% |
| SLVM Sylvamo Corp. | 0.49% | 2,150,000 | $95.1M | Add +34.1% |
| ORCL Oracle Corp. | 0.46% | 321,720 | $90.5M | Add +367.8% |
| LLY Eli Lilly & Co. | 0.44% | 112,421 | $85.8M | Add +189.0% |
| MA Mastercard Inc. Class A | 0.43% | 147,146 | $83.7M | Add +216.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.43% | 169,577 | $83.2M | Add +614.0% |
| GOOG Alphabet Inc. Class C | 0.40% | 322,510 | $78.5M | Add +128.6% |
| COST Costco Wholesale Corp. | 0.40% | 84,279 | $78.0M | Add +1741.0% |
| COO The Cooper Cos Inc. | 0.39% | 1,112,781 | $76.3M | New |
| CVS CVS Health Corp. | 0.36% | 924,105 | $69.7M | Reduce -2.0% |
| SMCI Super Micro Computer Inc. | 0.35% | 1,445,618 | $69.3M | Reduce -23.2% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | 0.33% | 191,754 | $64.7M | Reduce -24.6% |
| CZR Caesars Entertainment Inc. | 0.33% | 2,392,084 | $64.6M | Add +33.8% |
| CSCO Cisco Systems Inc. | 0.32% | 922,632 | $63.1M | Add +430.5% |
| INTC Intel Corp. | 0.32% | 1,869,540 | $62.7M | Add +85.9% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | 0.31% | 811,692 | $61.0M | New |
| PG&E CORP (PCG 4.25 12/01/27) | 0.31% | 3,984,099 | $60.1M | Add +0.2% |
| CRCL Circle Internet Group Inc. | 0.30% | 447,121 | $59.3M | New |
| HOUS Anywhere Real Estate Inc. | 0.30% | 5,585,976 | $59.2M | Reduce -1.2% |
| FIS Fidelity National Info Serv | 0.28% | 843,390 | $55.6M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.28% | 974,870 | $54.1M | Add +165.0% |
| WDAY Workday Inc. Class A | 0.27% | 221,355 | $53.3M | Add +598.5% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | 0.27% | 153,354 | $52.9M | No change |
| MKSI MKS Inc. | 0.27% | 426,509 | $52.8M | Add +316.9% |
| CCL Carnival Corp. | 0.27% | 1,817,539 | $52.5M | New |
| BP BP PLC-Spons ADR | 0.27% | 1,523,382 | $52.5M | Reduce -84.5% |
| LI AUTO INC (LI 0.25 05/01/28) | 0.27% | 2,053,514 | $52.0M | Reduce -0.3% |
| DHC Diversified Healthcare Trust | 0.26% | 11,545,834 | $50.9M | Add +11.7% |
| TMUS T-Mobile US Inc. | 0.26% | 212,293 | $50.8M | Reduce -7.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 96,817 | $48.7M | New |
| IONS Ionis Pharmaceuticals Inc. | 0.25% | 733,398 | $48.0M | Add +2180.4% |
| BJRI Bj's Restaurants Inc. | 0.24% | 1,554,180 | $47.4M | Add +176.5% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | 0.24% | 614,310 | $46.2M | Reduce -53.1% |
| ASTS Ast Spacemobile Inc. | 0.23% | 912,094 | $44.8M | Reduce -1.9% |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | 0.23% | 477,972 | $44.7M | New |
| PLAY Dave & Buster's Entertainmen | 0.22% | 2,411,191 | $43.8M | Add +532.9% |
| SNDK Sandisk Corp. | 0.22% | 388,451 | $43.6M | Add +1246.4% |
| HSIC Henry Schein Inc. | 0.22% | 653,554 | $43.4M | Add +750.4% |
| MDT Medtronic PLC | 0.22% | 451,330 | $43.0M | Add +930.6% |
| LIN Linde PLC | 0.22% | 89,791 | $42.7M | New |
| WDC Western Digital Corp. | 0.21% | 349,212 | $41.9M | New |
| APP AppLovin Corp. Class A | 0.21% | 57,940 | $41.6M | Add +165.7% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 0.20% | 524,900 | $40.0M | Add +3134.3% |
| KDP Keurig Dr Pepper Inc. | 0.20% | 1,504,697 | $38.4M | New |
| CIEN Ciena Corp. | 0.19% | 257,284 | $37.5M | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | 0.19% | 504,057 | $37.0M | Add +65.0% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | 0.19% | 108,864 | $36.7M | Add +0.9% |
| PRO Pros Holdings Inc. | 0.19% | 1,583,098 | $36.3M | Add +366.9% |
| PCG P G & E Corp. | 0.18% | 2,364,046 | $35.6M | Reduce -15.1% |
| MSTR Strategy Inc. | 0.18% | 108,353 | $34.9M | Add +24.6% |
| GILD Gilead Sciences Inc. | 0.18% | 312,252 | $34.7M | Add +99.4% |
| ADBE Adobe Inc. | 0.18% | 97,948 | $34.6M | Add +532.9% |
| INTU Intuit Inc. | 0.18% | 50,510 | $34.5M | Add +244.0% |
| CTSH Cognizant Tech Solutions-A | 0.18% | 512,303 | $34.4M | Reduce -49.1% |
| STRIDE INC (LRN 1.125 09/01/27) | 0.18% | 229,711 | $34.2M | New |
| LRCX Lam Research Corp. | 0.17% | 254,687 | $34.1M | Add +157.4% |
| MMSI Merit Medical Systems Inc. | 0.17% | 407,991 | $34.0M | Add +195.1% |
| OKLO Oklo Inc. | 0.17% | 298,542 | $33.3M | New |
| TXN Texas Instruments Inc. | 0.17% | 176,081 | $32.4M | Add +1746.5% |
| CRWV Coreweave Inc. Class A | 0.16% | 230,593 | $31.6M | Add +10710.7% |
| QCOM Qualcomm Inc. | 0.16% | 188,487 | $31.4M | Add +430.5% |
| GE General Electric filed as GE AEROSPACE | 0.16% | 102,780 | $30.9M | Add +39.3% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | 0.16% | 622,188 | $30.7M | Add +4279.1% |
| KR Kroger Co. | 0.15% | 446,563 | $30.1M | Reduce -6.0% |
| JCI Johnson Controls Internation | 0.15% | 272,954 | $30.0M | Reduce -40.8% |
| DDOG Datadog Inc. Class A | 0.15% | 210,539 | $30.0M | Add +29.7% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | 0.15% | 272,591 | $29.9M | New |
| APO Apollo Global Management Inc. | 0.15% | 222,875 | $29.7M | Add +0.1% |
| UBER Uber Technologies Inc. | 0.15% | 296,153 | $29.0M | Add +1528.9% |
| PGR Progressive Corp. | 0.15% | 117,291 | $29.0M | Add +523.0% |
Options reported separately and not counted above: META calls ($5.1B), TSLA puts ($3.6B), QQQ puts ($3.5B), NVDA calls ($1.4B), GOOGL calls ($1.3B), IWM puts ($1.3B), MSFT calls ($1.3B), META puts ($1.0B), QQQ calls ($865.1M), GLD calls ($816.8M), TSM puts ($780.7M), HON calls ($714.1M), and 723 more.
Other holdings (8): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 65,231 | $1.7M | Add +61.5% |
| ABVWF Above Food Ingredients- 29 | *W EXP 06/28/202 | 481,988 | $112K | No change |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 | 97,325 | $12K | New |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 150,000 | $5K | No change |
| CRPWF Carbon Revolution PLC | *W EXP 99/99/999 | 116,666 | $4K | No change |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 10,000 | $1K | New |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 21,687 | $1K | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 16,667 | $1K | No change |
Total filed on the 13F, all lines: $19.5B.
Portfolio Sells Q2 2025 → Q3 2025
| EQIX Equinix Inc. | Reduce -53.8% | 1.02% | −2.52 |
| CCI Crown Castle Inc. | Reduce -97.3% | 0.04% | −2.44 |
| BP BP PLC-Spons ADR | Reduce -84.5% | 0.27% | −2.11 |
| TSLA Tesla Inc. | Reduce -2.0% | 13.99% | −2.11 |
| PLD Prologis Inc. | Reduce -97.8% | 0.03% | −2.10 |
| CRL Charles River Laboratories | Reduce -48.6% | 0.65% | −1.28 |
| PLTR Palantir Technologies Inc. Class A | Reduce -46.4% | 1.02% | −1.22 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −1.14 |
| HPE Hewlett Packard Enterprise | Reduce -82.2% | 0.12% | −0.75 |
| BHC Bausch Health Cos Inc. | Reduce -26.9% | 0.52% | −0.64 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.62 |
| SPR Spirit Aerosystems Hold Class A | Reduce -4.4% | 0.97% | −0.62 |
| REXR Rexford Industrial Realty Inc. | Reduce -76.4% | 0.12% | −0.55 |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | Reduce -53.1% | 0.24% | −0.54 |
| GPC Genuine Parts Co. | Reduce -99.4% | 0.00% | −0.52 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.48 |
| BILL Bill Holdings Inc. | Reduce -77.6% | 0.09% | −0.47 |
| CTSH Cognizant Tech Solutions-A | Reduce -49.1% | 0.18% | −0.46 |
| SMCI Super Micro Computer Inc. | Reduce -23.2% | 0.35% | −0.39 |
| DAN Dana Inc. | Sold out | 0.00% | −0.39 |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | Reduce -24.6% | 0.33% | −0.39 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.38 |
| HTZ Hertz Global Hldgs Inc. | Reduce -58.9% | 0.13% | −0.37 |
| FORD MOTOR COMPANY (F 0 03/15/26) | Sold out | 0.00% | −0.32 |
| PH Parker Hannifin Corp. | Reduce -93.7% | 0.01% | −0.27 |
| ALIT Alight Inc. Class A | Sold out | 0.00% | −0.26 |
| CLS Celestica Inc. | Reduce -88.6% | 0.03% | −0.25 |
| EVERGY INC (EVRG 4.5 12/15/27) | Reduce -66.3% | 0.08% | −0.25 |
| JCI Johnson Controls Internation | Reduce -40.8% | 0.15% | −0.24 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.23 |
| GS Goldman Sachs Group Inc. | Reduce -61.6% | 0.08% | −0.22 |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | Reduce -51.2% | 0.09% | −0.22 |
| C Citigroup Inc. | Reduce -69.3% | 0.06% | −0.21 |
| CAT Caterpillar Inc. | Reduce -77.8% | 0.04% | −0.21 |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | Reduce -97.1% | 0.00% | −0.20 |
| THC Tenet Healthcare Corp. | Reduce -77.3% | 0.04% | −0.19 |
| LI AUTO INC (LI 0.25 05/01/28) | Reduce -0.3% | 0.27% | −0.18 |
| TMUS T-Mobile US Inc. | Reduce -7.6% | 0.26% | −0.18 |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | Reduce -99.0% | 0.00% | −0.18 |
| WBD Warner Bros Discovery Inc. | Reduce -88.7% | 0.02% | −0.18 |
| CVS CVS Health Corp. | Reduce -2.0% | 0.36% | −0.17 |
| VISN Vistance Networks Inc. | Reduce -96.1% | 0.01% | −0.17 |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | Reduce -16.1% | 0.14% | −0.16 |
| KBR KBR Inc. | Reduce -22.2% | 0.15% | −0.16 |
| SPOTIFY USA INC (SPOT 0 03/15/26) | Reduce -97.9% | 0.00% | −0.15 |
| MCD McDonald's Corp. | Reduce -51.3% | 0.06% | −0.14 |
| BLOOM ENERGY CORP (BE 3 06/01/28) | Sold out | 0.00% | −0.14 |
| SHW The Sherwin-Williams Co. | Reduce -77.3% | 0.02% | −0.13 |
| PCG P G & E Corp. | Reduce -15.1% | 0.18% | −0.13 |
| ASTS Ast Spacemobile Inc. | Reduce -1.9% | 0.23% | −0.12 |
Portfolio Buys Q2 2025 → Q3 2025
| HON Honeywell International Inc. | Add +938.0% | 4.23% | +3.52 |
| NKE Nike Inc. Class B | Add +854.8% | 2.71% | +2.26 |
| PM Philip Morris International | Add +6821.6% | 1.24% | +1.21 |
| AAPL Apple Inc. | Add +179.5% | 1.90% | +1.04 |
| PRKS United Parks & Resorts Inc. | Add +742.3% | 1.19% | +0.98 |
| GOOGL Alphabet Inc. Class A | Add +122.2% | 2.00% | +0.97 |
| PNFP Pinnacle Financial Partners | New | 0.96% | +0.96 |
| SNV Synovus Financial Corp. | New | 0.75% | +0.75 |
| AVGO Broadcom Inc. | Add +173.3% | 0.93% | +0.48 |
| PEP Pepsico Inc. | Add +229.5% | 0.81% | +0.45 |
| HOOD Robinhood Markets Inc. Class A | Add +162.9% | 0.72% | +0.44 |
| AMZN Amazon.com Inc. | Add +247.5% | 0.75% | +0.41 |
| COO The Cooper Cos Inc. | New | 0.39% | +0.39 |
| COST Costco Wholesale Corp. | Add +1741.0% | 0.40% | +0.36 |
| ORCL Oracle Corp. | Add +367.8% | 0.46% | +0.34 |
| NVDA Nvidia Corp. | Add +41.1% | 6.41% | +0.34 |
| AMD Advanced Micro Devices | Add +136.5% | 0.80% | +0.33 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +614.0% | 0.43% | +0.33 |
| META Meta Platforms Inc. Class A | Add +80.9% | 2.65% | +0.33 |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | New | 0.31% | +0.31 |
| CRCL Circle Internet Group Inc. | New | 0.30% | +0.30 |
| NFLX Netflix Inc. | Add +282.5% | 0.54% | +0.29 |
| FIS Fidelity National Info Serv | New | 0.28% | +0.28 |
| CCL Carnival Corp. | New | 0.27% | +0.27 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.25% | +0.25 |
| IONS Ionis Pharmaceuticals Inc. | Add +2180.4% | 0.25% | +0.24 |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | New | 0.23% | +0.23 |
| CSCO Cisco Systems Inc. | Add +430.5% | 0.32% | +0.23 |
| LIN Linde PLC | New | 0.22% | +0.22 |
| MA Mastercard Inc. Class A | Add +216.5% | 0.43% | +0.22 |
| WDC Western Digital Corp. | New | 0.21% | +0.21 |
| SNDK Sandisk Corp. | Add +1246.4% | 0.22% | +0.21 |
| WDAY Workday Inc. Class A | Add +598.5% | 0.27% | +0.21 |
| GOOG Alphabet Inc. Class C | Add +128.6% | 0.40% | +0.20 |
| WNS WNS Holdings Ltd. | Add +3134.3% | 0.20% | +0.20 |
| KDP Keurig Dr Pepper Inc. | New | 0.20% | +0.20 |
| TSM Taiwan Semiconductor-SP ADR | Add +37.5% | 2.84% | +0.20 |
| LLY Eli Lilly & Co. | Add +189.0% | 0.44% | +0.19 |
| CIEN Ciena Corp. | New | 0.19% | +0.19 |
| MDT Medtronic PLC | Add +930.6% | 0.22% | +0.19 |
| MKSI MKS Inc. | Add +316.9% | 0.27% | +0.19 |
| HSIC Henry Schein Inc. | Add +750.4% | 0.22% | +0.18 |
| STRIDE INC (LRN 1.125 09/01/27) | New | 0.18% | +0.18 |
| DASH DoorDash Inc. Class A | Add +68.5% | 1.15% | +0.17 |
| OKLO Oklo Inc. | New | 0.17% | +0.17 |
| CRWV Coreweave Inc. Class A | Add +10710.7% | 0.16% | +0.16 |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | New | 0.15% | +0.15 |
| APP AppLovin Corp. Class A | Add +165.7% | 0.21% | +0.15 |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | Add +4279.1% | 0.16% | +0.15 |
| TXN Texas Instruments Inc. | Add +1746.5% | 0.17% | +0.15 |
Options Activity Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | call | Add +21.3% | 6,992,300 | $5.1B |
| TSLA Tesla Inc. | put | Reduce -23.5% | 8,169,400 | $3.6B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +21.5% | 5,827,200 | $3.5B |
| NVDA Nvidia Corp. | call | Add +6.5% | 7,487,000 | $1.4B |
| GOOGL Alphabet Inc. Class A | call | Add +147.3% | 5,473,600 | $1.3B |
| IWM iShares Russell 2000 ETF | put | Reduce -34.2% | 5,372,500 | $1.3B |
| MSFT Microsoft Corp. | call | Add +55.4% | 2,468,200 | $1.3B |
| META Meta Platforms Inc. Class A | put | Add +434.0% | 1,362,200 | $1.0B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -4.2% | 1,440,900 | $865.1M |
| GLD SPDR Gold Shares | call | Add +120.7% | 2,297,800 | $816.8M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +25.1% | 2,795,400 | $780.7M |
| HON Honeywell International Inc. | call | Add +67.0% | 3,392,500 | $714.1M |
| PEP Pepsico Inc. | put | Add +100260.0% | 5,018,000 | $704.7M |
| NVDA Nvidia Corp. | put | Reduce -32.8% | 3,541,000 | $660.7M |
| AAPL Apple Inc. | call | Add +3293.4% | 2,562,000 | $652.4M |
| IWM iShares Russell 2000 ETF | call | Add +12.8% | 2,495,000 | $603.7M |
| AAPL Apple Inc. | put | Add +549.8% | 2,307,500 | $587.6M |
| DLTR Dollar Tree Inc. | call | Sold out | 5,285,400 | $523.5Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | call | Reduce -4.9% | 1,695,700 | $473.6M |
| HPE Hewlett Packard Enterprise | call | New | 17,049,900 | $418.7M |
| GOOGL Alphabet Inc. Class A | put | Add +251.5% | 1,699,500 | $413.1M |
| AMZN Amazon.com Inc. | call | Add +358.1% | 1,835,700 | $403.1M |
| AXP American Express Co. | call | Add +35.7% | 1,158,600 | $384.8M |
| EEM iShares MSCI Emerging Market | call | Add +0.8% | 6,272,700 | $335.0M |
| CCI Crown Castle Inc. | call | Sold out | 3,000,000 | $308.2Mbefore exit |
| CCI Crown Castle Inc. | put | Sold out | 3,000,000 | $308.2Mbefore exit |
| CRWV Coreweave Inc. Class A | call | New | 2,230,500 | $305.2M |
| FXI iShares China Large-Cap ETF | call | Add +163.7% | 7,252,500 | $298.4M |
| WDAY Workday Inc. Class A | call | Add +7170.6% | 1,236,000 | $297.5M |
| XLB SS Materials Select Sector | put | Sold out | 3,377,100 | $296.5Mbefore exit |
| COIN Coinbase Global Inc. Class A | call | Add +163.7% | 871,400 | $294.1M |
| EEM iShares MSCI Emerging Market | put | Reduce -14.2% | 5,389,500 | $287.8M |
| MSFT Microsoft Corp. | put | Reduce -30.1% | 541,000 | $280.2M |
| PLTR Palantir Technologies Inc. Class A | put | Add +532.2% | 1,514,700 | $276.3M |
| PLD Prologis Inc. | call | Sold out | 2,500,000 | $262.8Mbefore exit |
| PLD Prologis Inc. | put | Sold out | 2,500,000 | $262.8Mbefore exit |
| KWEB Kranesh Csi China Internet | put | Add +1449.2% | 6,196,800 | $260.3M |
| DASH DoorDash Inc. Class A | call | Add +50.0% | 900,000 | $244.8M |
| XLB SS Materials Select Sector | call | Sold out | 2,750,000 | $241.5Mbefore exit |
| MSTR Strategy Inc. | put | Add +22.1% | 732,800 | $236.1M |
| AMZN Amazon.com Inc. | put | Add +375.3% | 1,062,200 | $233.2M |
| SMCI Super Micro Computer Inc. | put | Add +32.7% | 4,673,200 | $224.0M |
| COIN Coinbase Global Inc. Class A | put | Reduce -30.6% | 643,000 | $217.0M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -64.0% | 315,000 | $209.8M |
| EWZ iShares MSCI Brazil ETF | call | Add +600.7% | 6,726,800 | $208.5M |
| DLTR Dollar Tree Inc. | put | Sold out | 2,100,000 | $208.0Mbefore exit |
| EQIX Equinix Inc. | call | Reduce -58.3% | 250,000 | $195.8M |
| EQIX Equinix Inc. | put | Reduce -54.5% | 250,000 | $195.8M |
| UNH Unitedhealth Group Inc. | call | Add +437.4% | 559,400 | $193.2M |
| XLF SS Financial Select Sector | call | Reduce -27.1% | 3,400,000 | $183.2M |
Showing the first 50 of 726.
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
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +61.5% | 65,231 | $1.7M |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | Sold out | 12,500 | $23Kbefore exit |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 | New | 97,325 | $12K |
| CGBWF Crown LNG Holdings Ltd.-28 | *W EXP 07/09/202 | Sold out | 51,999 | $2Kbefore exit |
| NAMMW Namib Minerals | *W EXP 06/05/203 | New | 10,000 | $1K |
| MSPRW MSP Recovery Inc. -27 | *W EXP 05/20/202 | Sold out | 26,120 | $52before exit |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | Sold out | 20,000 | $0before 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 |