OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) reported 239 stock positions worth $4.1 billion. Its top holding was Hess (HES) at 11.3% of the portfolio, followed by Discover Financial Services (DFS, 9.9%) and Intra-Cellular Therapies (ITCI, 9.9%). Compared with Q4 2024, it opened 60 new positions, sold out of 133, added to 68 and reduced 84. The biggest buy was Intra-Cellular Therapies (ITCI, shares +15139%) and the biggest sale an exit from Hashicorp Class A (HCP).
- Most Recent 13F
- Q4 2025
- Location
- CHICAGO, IL
- CIK
- 0001132716
- Portfolio Value
- $4.1B (Q1 2025)
- SEC Filing
- 0001132716-25-000010 ↗ filed May 15, 2025
Holdings Value
Holdings 239 stocks · $4.1B
| HES Hess Corp. | 11.30% | 2,911,523 | $465.1M | Add +1.1% |
| DFS Discover Financial Services | 9.91% | 2,389,191 | $407.8M | Add +104.8% |
| ITCI Intra-Cellular Therapies Inc. | 9.91% | 3,091,133 | $407.8M | Add +15139.3% |
| K Kellanova | 9.88% | 4,931,978 | $406.8M | Add +30.9% |
| CHX Championx Corp. | 5.66% | 7,818,643 | $233.0M | Add +1.3% |
| JNPR Juniper Networks Inc. | 5.49% | 6,250,113 | $226.2M | Reduce -23.8% |
| BECN Beacon Roofing Supply Inc. | 4.73% | 1,575,016 | $194.8M | New |
| FYBR Frontier Communications Pare | 4.58% | 5,253,285 | $188.4M | Add +27.0% |
| ANSS Ansys Inc. | 3.85% | 500,433 | $158.4M | Add +70.2% |
| BERY Berry Global Group Inc. | 3.32% | 1,955,816 | $136.5M | Add +126.3% |
| WBA Walgreens Boots Alliance Inc. | 2.74% | 10,112,229 | $113.0M | New |
| SPR Spirit Aerosystems Hold Class A | 2.50% | 2,986,986 | $102.9M | Add +1.2% |
| HEES H&E Equipment Services Inc. | 2.50% | 1,085,190 | $102.9M | New |
| JWN Nordstrom Inc. | 2.35% | 3,950,000 | $96.6M | New |
| AMED Amedisys Inc. | 1.84% | 818,091 | $75.8M | Reduce -20.9% |
| X United States Steel Corp. | 1.29% | 1,253,217 | $53.0M | Reduce -8.9% |
| ML Moneylion Inc. | 0.92% | 436,111 | $37.7M | Add +78.4% |
| OXY Occidental Petroleum Corp. | 0.56% | 466,400 | $23.0M | Add +180.3% |
| ESGR Enstar Group Ltd. | 0.54% | 66,879 | $22.2M | Add +15.5% |
| RSG Republic Services Inc. | 0.52% | 88,200 | $21.4M | Add +11.9% |
| SO The Southern Co. | 0.47% | 209,700 | $19.3M | Add +20.8% |
| MAT Mattel Inc. | 0.46% | 969,029 | $18.8M | No change |
| NVDA Nvidia Corp. | 0.36% | 137,635 | $14.9M | Reduce -22.9% |
| CNI Canadian Natl Railway Co. | 0.32% | 133,975 | $13.1M | Add +16.7% |
| XEL Xcel Energy Inc. | 0.31% | 182,510 | $12.9M | Reduce -23.2% |
| LIN Linde PLC | 0.30% | 26,670 | $12.4M | Reduce -6.8% |
| ETR Entergy Corp. | 0.30% | 143,600 | $12.3M | New |
| CCRN Cross Country Healthcare Inc. | 0.29% | 804,764 | $12.0M | New |
| NSC Norfolk Southern Corp. | 0.28% | 48,113 | $11.4M | Reduce -6.9% |
| LX Lexinfintech Holdings L-ADR | 0.27% | 1,111,750 | $11.2M | Add +161.5% |
| NI Nisource Inc. | 0.27% | 277,340 | $11.1M | Reduce -36.1% |
| GPK Graphic Packaging Holding Co. | 0.26% | 411,200 | $10.7M | Add +181.1% |
| APD Air Products & Chemicals Inc. | 0.25% | 34,995 | $10.3M | Add +156.2% |
| GTES Gates Industrial Corp. UK Ltd. | 0.25% | 548,435 | $10.1M | Add +267.9% |
| IP International Paper Co. | 0.24% | 188,700 | $10.1M | New |
| CRH CRH PLC | 0.24% | 113,520 | $10.0M | Reduce -59.7% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.24% | 1,789,588 | $9.8M | Reduce -31.5% |
| EMBJ Embraer SA-Spon ADR | 0.23% | 205,445 | $9.5M | Add +89.3% |
| AMZN Amazon.com Inc. | 0.22% | 48,335 | $9.2M | Add +53.3% |
| UPS United Parcel Service Class B | 0.22% | 81,000 | $8.9M | New |
| MELI MercadoLibre Inc. | 0.21% | 4,480 | $8.7M | Reduce -65.2% |
| VMC Vulcan Materials Co. | 0.21% | 36,900 | $8.6M | New |
| PNR Pentair PLC | 0.20% | 92,600 | $8.1M | New |
| SARO Standardaero Inc. | 0.19% | 300,000 | $8.0M | New |
| SHW The Sherwin-Williams Co. | 0.19% | 22,870 | $8.0M | Reduce -17.4% |
| APH Amphenol Corp. Class A | 0.19% | 119,940 | $7.9M | Add +48.3% |
| CACI Caci International Inc. Class A | 0.19% | 20,950 | $7.7M | New |
| EQC Equity Commonwealth | 0.16% | 4,099,688 | $6.6M | Add +1.2% |
| FTV Fortive Corp. | 0.14% | 81,300 | $5.9M | Reduce -9.0% |
| BA The Boeing Co. | 0.14% | 34,000 | $5.8M | Add +0.9% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.14% | 62,020 | $5.8M | Reduce -33.6% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.14% | 54,922 | $5.6M | New |
| NRG NRG Energy Inc. | 0.14% | 58,566 | $5.6M | Reduce -72.0% |
| BTG B2GOLD Corp. | 0.13% | 1,922,600 | $5.5M | Add +73.5% |
| BDX Becton Dickinson and Co. | 0.13% | 23,088 | $5.3M | Add +12.1% |
| MA Mastercard Inc. Class A | 0.12% | 9,300 | $5.1M | New |
| PDD PDD Holdings Inc. | 0.12% | 42,300 | $5.0M | New |
| HON Honeywell International Inc. | 0.12% | 23,250 | $4.9M | Reduce -30.6% |
| DAL Delta Air Lines Inc. | 0.12% | 111,114 | $4.8M | Reduce -45.5% |
| VCIC Vine Hill Capital Class A | 0.12% | 475,000 | $4.8M | No change |
| INTR Inter & Co. Inc. Class A | 0.12% | 869,275 | $4.8M | Add +4.2% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.12% | 590,357 | $4.8M | Add +13.6% |
| BABA Alibaba Group Holding-SP ADR | 0.11% | 35,447 | $4.7M | Reduce -82.0% |
| OACC Oaktree Acquisition Corp. I-A | 0.11% | 450,000 | $4.6M | No change |
| RENEF Cartesian Growth Corp. II- A | 0.10% | 356,946 | $4.2M | No change |
| CCIXU Churchill Capital Corp. Ix | 0.10% | 387,480 | $4.2M | No change |
| BEAGU Bold Eagle Acquisition Corp. | 0.10% | 400,000 | $4.1M | No change |
| KMI Kinder Morgan Inc. | 0.10% | 144,600 | $4.1M | New |
| STLD Steel Dynamics Inc. | 0.10% | 32,450 | $4.1M | New |
| LHX L3HARRIS Technologies Inc. | 0.10% | 19,020 | $4.0M | Reduce -73.3% |
| PH Parker Hannifin Corp. | 0.10% | 6,480 | $3.9M | Reduce -78.7% |
| CMC Commercial Metals Co. | 0.10% | 85,020 | $3.9M | Reduce -41.5% |
| AMX America Movil Sab DE CV | 0.09% | 253,922 | $3.6M | Add +22.8% |
| GLOB Globant SA | 0.09% | 30,345 | $3.6M | Add +23.1% |
| ANSC Agriculture & Natural Soluti | 0.09% | 334,160 | $3.6M | No change |
| NCLH Norwegian Cruise Line Holdin | 0.08% | 178,031 | $3.4M | No change |
| CYH Community Health Systems Inc. | 0.08% | 1,250,000 | $3.4M | No change |
| YMM Full Truck Alliance -SPN ADR | 0.08% | 257,750 | $3.3M | New |
| VALE Vale SA-SP ADR | 0.08% | 327,259 | $3.3M | Add +74.7% |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 0.08% | 1,200,000 | $3.2M | Add +20.0% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.08% | 87,811 | $3.2M | Add +294.1% |
| VSTM Verastem Inc. | 0.08% | 521,960 | $3.1M | Reduce -14.2% |
| KNSA Kiniksa Pharmaceuticals Inte | 0.08% | 139,275 | $3.1M | Add +39.8% |
| LOKVU Live Oak Acquisition Corp. V | 0.07% | 300,000 | $3.0M | New |
| HUBB Hubbell Inc. | 0.07% | 9,000 | $3.0M | Reduce -76.4% |
| SN Sharkninja Inc. | 0.07% | 35,000 | $2.9M | Add +75.0% |
| AXTA Axalta Coating Systems Ltd. | 0.07% | 85,250 | $2.8M | No change |
| AVGO Broadcom Inc. | 0.07% | 16,576 | $2.8M | Reduce -52.2% |
| BZ Kanzhun Ltd. - ADR | 0.07% | 143,000 | $2.7M | New |
| IONS Ionis Pharmaceuticals Inc. | 0.07% | 90,779 | $2.7M | Add +49.9% |
| APTV Aptiv PLC | 0.07% | 46,000 | $2.7M | New |
| VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC | 0.06% | 500,000 | $2.7M | Add +42.9% |
| WMT Walmart Inc. | 0.06% | 30,000 | $2.6M | Add +20.0% |
| BSAC Banco Santander-Chile-ADR | 0.06% | 115,443 | $2.6M | Reduce -30.9% |
| EWZ iShares MSCI Brazil ETF | 0.06% | 100,000 | $2.6M | New |
| MLACU Mountain Lake Acquisition Co. | 0.06% | 250,000 | $2.6M | No change |
| NETD Nabors Energy Transition C-A | 0.06% | 233,912 | $2.6M | No change |
| INCY Incyte Corp. | 0.06% | 40,903 | $2.5M | Add +93.0% |
| SBXDF Silverbox Corp. IV-A | 0.06% | 242,175 | $2.5M | No change |
| POOL Pool Corp. | 0.06% | 7,724 | $2.5M | New |
Options reported separately and not counted above: AAL puts ($6.1M), LCID puts ($3.2M), HTZ puts ($2.1M), TSLA puts ($1.8M), TLT calls ($1.7M), XRX puts ($1.2M), RIG puts ($927K), MGM puts ($752K), CHTR puts ($654K), HOG puts ($642K), PTON puts ($588K), CC puts ($546K), and 46 more.
Other holdings (25): bonds, preferreds, convertibles and warrants · $86.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 27,352,000 | $25.8M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 15,000,000 | $19.3M | New |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 13,500,000 | $13.0M | Reduce -42.5% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 10,000,000 | $11.9M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 7,500,000 | $7.3M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 29,000,000 | $3.3M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 2,000,000 | $1.8M | No change |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 20,000 | $1.7M | New |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 1,250,000 | $1.6M | No change |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 463,341 | $77K | No change |
| Colombier Acquisition - 29 | *W EXP 11/24/202 | 90,000 | $69K | Reduce -10.0% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 82,711 | $24K | No change |
| AENTW Adara Acquisition Class A -CW26 | *W EXP 02/11/202 | 60,000 | $13K | Reduce -47.5% |
| XAGEW Alpha Healthcare Acquis-CW27 | *W EXP 07/12/202 | 371,250 | $13K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 181,387 | $9K | No change |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 70,030 | $8K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 142,585 | $8K | No change |
| REEWF Cartesian Growth Corp. II -28 | *W EXP 07/12/202 | 118,982 | $7K | No change |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 221,686 | $5K | No change |
| IVAWF Investcorp India Acquisi -27 | *W EXP 06/01/202 | 209,630 | $5K | No change |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 | 135,667 | $4K | No change |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 | 110,914 | $4K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 65,696 | $4K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 150,251 | $3K | No change |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 | 32,034 | $2K | No change |
Total filed on the 13F, all lines: $4.2B.
Portfolio Sells Q4 2024 → Q1 2025
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −6.03 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −5.55 |
| EDR Endeavor Group Hold Class A | Sold out | 0.00% | −3.71 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −2.64 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −2.52 |
| JNPR Juniper Networks Inc. | Reduce -23.8% | 5.49% | −2.39 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.65 |
| BALY Bally's Corp. | Sold out | 0.00% | −0.62 |
| ZUO Zuora Inc. Class A | Sold out | 0.00% | −0.58 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.58 |
| AMED Amedisys Inc. | Reduce -20.9% | 1.84% | −0.57 |
| XPEV Xpeng Inc. - ADR | Sold out | 0.00% | −0.53 |
| CCK Crown Holdings Inc. | Sold out | 0.00% | −0.45 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.45 |
| CRH CRH PLC | Reduce -59.7% | 0.24% | −0.43 |
| PH Parker Hannifin Corp. | Reduce -78.7% | 0.10% | −0.40 |
| ALV Autoliv Inc. | Sold out | 0.00% | −0.39 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −0.37 |
| MELI MercadoLibre Inc. | Reduce -65.2% | 0.21% | −0.35 |
| NRG NRG Energy Inc. | Reduce -72.0% | 0.14% | −0.35 |
| HUBB Hubbell Inc. | Reduce -76.4% | 0.07% | −0.34 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.33 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.33 |
| BABA Alibaba Group Holding-SP ADR | Reduce -82.0% | 0.11% | −0.31 |
| LHX L3HARRIS Technologies Inc. | Reduce -73.3% | 0.10% | −0.29 |
| DOW Dow Inc. | Sold out | 0.00% | −0.27 |
| NVDA Nvidia Corp. | Reduce -22.9% | 0.36% | −0.25 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.23 |
| CRM Salesforce Inc. | Reduce -73.8% | 0.06% | −0.23 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.23 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.23 |
| MSFT Microsoft Corp. | Reduce -80.7% | 0.04% | −0.23 |
| DAL Delta Air Lines Inc. | Reduce -45.5% | 0.12% | −0.20 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.19 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.19 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.19 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.19 |
| MMM 3M Co. | Sold out | 0.00% | −0.19 |
| VFC VF Corp. | Sold out | 0.00% | −0.18 |
| SKGR SK Growth Opportunities Co. Class A | Sold out | 0.00% | −0.18 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.18 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.17 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.15 |
| NI Nisource Inc. | Reduce -36.1% | 0.27% | −0.14 |
| AVGO Broadcom Inc. | Reduce -52.2% | 0.07% | −0.14 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.14 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.13 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.13 |
| SPT Sprout Social Inc. Class A | Sold out | 0.00% | −0.12 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −0.12 |
Portfolio Buys Q4 2024 → Q1 2025
| ITCI Intra-Cellular Therapies Inc. | Add +15139.3% | 9.91% | +9.86 |
| BECN Beacon Roofing Supply Inc. | New | 4.73% | +4.73 |
| DFS Discover Financial Services | Add +104.8% | 9.91% | +4.72 |
| WBA Walgreens Boots Alliance Inc. | New | 2.74% | +2.74 |
| HEES H&E Equipment Services Inc. | New | 2.50% | +2.50 |
| JWN Nordstrom Inc. | New | 2.35% | +2.35 |
| K Kellanova | Add +30.9% | 9.88% | +2.05 |
| BERY Berry Global Group Inc. | Add +126.3% | 3.32% | +1.88 |
| HES Hess Corp. | Add +1.1% | 11.30% | +1.46 |
| ANSS Ansys Inc. | Add +70.2% | 3.85% | +1.30 |
| FYBR Frontier Communications Pare | Add +27.0% | 4.58% | +0.89 |
| ML Moneylion Inc. | Add +78.4% | 0.92% | +0.38 |
| OXY Occidental Petroleum Corp. | Add +180.3% | 0.56% | +0.35 |
| ETR Entergy Corp. | New | 0.30% | +0.30 |
| CCRN Cross Country Healthcare Inc. | New | 0.29% | +0.29 |
| CHX Championx Corp. | Add +1.3% | 5.66% | +0.27 |
| IP International Paper Co. | New | 0.24% | +0.24 |
| UPS United Parcel Service Class B | New | 0.22% | +0.22 |
| LX Lexinfintech Holdings L-ADR | Add +161.5% | 0.27% | +0.21 |
| VMC Vulcan Materials Co. | New | 0.21% | +0.21 |
| PNR Pentair PLC | New | 0.20% | +0.20 |
| SARO Standardaero Inc. | New | 0.19% | +0.19 |
| CACI Caci International Inc. Class A | New | 0.19% | +0.19 |
| GTES Gates Industrial Corp. UK Ltd. | Add +267.9% | 0.25% | +0.17 |
| GPK Graphic Packaging Holding Co. | Add +181.1% | 0.26% | +0.16 |
| APD Air Products & Chemicals Inc. | Add +156.2% | 0.25% | +0.15 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.14% | +0.14 |
| EMBJ Embraer SA-Spon ADR | Add +89.3% | 0.23% | +0.13 |
| MA Mastercard Inc. Class A | New | 0.12% | +0.12 |
| PDD PDD Holdings Inc. | New | 0.12% | +0.12 |
| RSG Republic Services Inc. | Add +11.9% | 0.52% | +0.11 |
| SO The Southern Co. | Add +20.8% | 0.47% | +0.10 |
| KMI Kinder Morgan Inc. | New | 0.10% | +0.10 |
| STLD Steel Dynamics Inc. | New | 0.10% | +0.10 |
| YMM Full Truck Alliance -SPN ADR | New | 0.08% | +0.08 |
| LOKVU Live Oak Acquisition Corp. V | New | 0.07% | +0.07 |
| BZ Kanzhun Ltd. - ADR | New | 0.07% | +0.07 |
| APTV Aptiv PLC | New | 0.07% | +0.07 |
| BTG B2GOLD Corp. | Add +73.5% | 0.13% | +0.06 |
| EWZ iShares MSCI Brazil ETF | New | 0.06% | +0.06 |
| ESGR Enstar Group Ltd. | Add +15.5% | 0.54% | +0.06 |
| POOL Pool Corp. | New | 0.06% | +0.06 |
| LPLA LPL Financial Holdings Inc. | New | 0.06% | +0.06 |
| NHICU Newhold Investment Corp. III | New | 0.06% | +0.06 |
| XYF X Financial-ADR | New | 0.05% | +0.05 |
| TW Tradeweb Markets Inc. Class A | New | 0.05% | +0.05 |
| RARE Ultragenyx Pharmaceutical Inc. | Add +294.1% | 0.08% | +0.05 |
| APH Amphenol Corp. Class A | Add +48.3% | 0.19% | +0.05 |
| GM General Motors Co. | New | 0.05% | +0.05 |
| AMZN Amazon.com Inc. | Add +53.3% | 0.22% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| AAL American Airlines Group Inc. | put | Reduce -11.5% | 9,425,000 | $6.1M |
| LCID Lucid Group Inc. | put | Add +80.3% | 2,840,100 | $3.2M |
| HTZ Hertz Global Hldgs Inc. | put | Add +27.8% | 1,194,300 | $2.1M |
| TSLA Tesla Inc. | put | Add +19.1% | 12,500 | $1.8M |
| TLT iShares 20+ Year Treasury BD | call | New | 1,650,000 | $1.7M |
| COTY Coty Inc. Class A | put | Sold out | 1,264,500 | $1.6Mbefore exit |
| MGM MGM Resorts International | put | Reduce -33.9% | 82,600 | $752K |
| CHTR Charter Communications Inc. Class A | put | Add +144.1% | 20,500 | $654K |
| HOG Harley-Davidson Inc. | put | Add +2.1% | 240,000 | $642K |
| PTON Peloton Interactive Inc. Class A | put | Reduce -41.9% | 290,500 | $588K |
| CPRI Capri Holdings Ltd. | put | Sold out | 12,600 | $494Kbefore exit |
| META Meta Platforms Inc. Class A | put | New | 16,000 | $452K |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Sold out | 1,550,000 | $438Kbefore exit |
| LYV Live Nation Entertainment Inc. | put | Reduce -84.9% | 32,500 | $370K |
| XLI SS Industrial Select Sector | put | New | 113,500 | $361K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -34.6% | 85,000 | $346K |
| XBI SS SPDR S&P Biotech ETF | put | Add +300.0% | 200,000 | $329K |
| SWTX Springworks Therapeutics Inc. | put | New | 45,000 | $315K |
| NCLH Norwegian Cruise Line Holdin | put | Reduce -19.3% | 188,800 | $267K |
| SRRK Scholar Rock Holding Corp. | call | Sold out | 40,000 | $203Kbefore exit |
| IWM iShares Russell 2000 ETF | put | Add +25.0% | 45,000 | $172K |
| EWTX Edgewise Therapeutics Inc. | put | New | 45,000 | $169K |
| XIFR XPLR Infrastructure LP | put | Reduce -24.0% | 20,600 | $165K |
| STWD Starwood Property Trust Inc. | put | Add +24.9% | 172,500 | $160K |
| OMF Onemain Holdings Inc. | put | Add +12.8% | 34,400 | $135K |
| RSP Invesco S&P 500 Equal Weight | put | Sold out | 50,000 | $125Kbefore exit |
| OCUL Ocular Therapeutix Inc. | call | New | 120,000 | $123K |
| SLNO Soleno Therapeutics Inc. | call | Add +50.0% | 15,000 | $123K |
| F Ford Motor Co. | put | Reduce -62.5% | 195,500 | $115K |
| RSP Invesco S&P 500 Equal Weight | call | Sold out | 45,000 | $114Kbefore exit |
| VISN Vistance Networks Inc. | call | New | 450,000 | $113K |
| DXCM Dexcom Inc. | call | Sold out | 20,000 | $108Kbefore exit |
| VERA Vera Therapeutics Inc. | call | Add +166.7% | 40,000 | $103K |
| VRNA Verona Pharma Ltd. | call | Sold out | 25,000 | $100Kbefore exit |
| TPH Tri Pointe Homes Inc. | put | New | 18,000 | $86K |
| NKE Nike Inc. Class B | put | Sold out | 68,000 | $84Kbefore exit |
| CCL Carnival Corp. | put | Reduce -76.0% | 120,000 | $83K |
| LEGN Legend Biotech Corp.-ADR | put | Sold out | 20,000 | $81Kbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | New | 16,000 | $72K |
| INCY Incyte Corp. | call | Add +175.0% | 55,000 | $71K |
| BGS B&G Foods Inc. | put | Reduce -3.3% | 113,600 | $60K |
| AER Aercap Holdings NV | call | New | 112,500 | $59K |
| XBI SS SPDR S&P Biotech ETF | call | Sold out | 90,000 | $56Kbefore exit |
| IWM iShares Russell 2000 ETF | call | Sold out | 45,000 | $55Kbefore exit |
| TGTX TG Therapeutics Inc. | call | Sold out | 40,000 | $55Kbefore exit |
| CAPR Capricor Therapeutics Inc. | call | Sold out | 30,000 | $54Kbefore exit |
| AES AES Corp. | call | New | 150,000 | $53K |
| ET Energy Transfer LP | call | New | 320,000 | $50K |
| DYN Dyne Therapeutics Inc. | call | Sold out | 20,000 | $49Kbefore exit |
| IRTC Irhythm Holdings Inc. | call | Sold out | 15,000 | $45Kbefore exit |
Showing the first 50 of 91.
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
| REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) | NOTE 1.750% 2/1 · principal | Sold out | 40,000,000 | $38.3Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | New | 15,000,000 | $19.3M |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | Reduce -42.5% | 13,500,000 | $13.0M |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 300,000 | $8.3Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 7,500,000 | $7.3M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 20,000 | $1.7M |
| Colombier Acquisition - 29 | *W EXP 11/24/202 | Reduce -10.0% | 90,000 | $69K |
| AENTW Adara Acquisition Class A -CW26 | *W EXP 02/11/202 | Reduce -47.5% | 60,000 | $13K |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | Sold out | 67,295 | $6Kbefore exit |
| WINVW Winvest Acquisition -CW23 | *W EXP 08/09/202 | Sold out | 17,995 | $299before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025Amended | 175 | $3.6B | CYBR, GTLS, CMA, DAY, RNAM |
| Q3 2025Amended | 189 | $3.1B | CYBR, VRNA, K, GTLS, FYBR |
| Q2 2025Amended | 262 | $3.5B | K, WBA, SKX, BPMC, FYBR |
| Q1 2025Amended | 239 | $4.1B | HES, DFS, ITCI, K, CHX |
| Q4 2024Amended | 312 | $3.9B | HES, JNPR, K, HCP, SMAR |
| Q3 2024Amended | 367 | $3.9B | HES, K, CTLT, HCP, JNPR |
| Q2 2024Amended | 385 | $3.3B | HES, JNPR, HCP, CTLT, ETRN |
| Q1 2024Amended | 370 | $3.2B | PXD, HES, JNPR, X, CERE |