OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed January 15, 2026), OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) reported 189 stock positions worth $3.1 billion. Its top holding was Cyberark Software Ltd./Israel (CYBR) at 15.2% of the portfolio, followed by Verona Pharma (VRNA, 14.6%) and Kellanova (K, 9.3%). Compared with Q2 2025, it opened 79 new positions, sold out of 152, added to 37 and reduced 36. The biggest buy was a new position in Cyberark Software Ltd./Israel (CYBR) and the biggest sale an exit from Walgreens Boots Alliance (WBA).
- Most Recent 13F
- Q4 2025
- Location
- CHICAGO, IL
- CIK
- 0001132716
- Portfolio Value
- $3.1B (Q3 2025)
- SEC Filing
- 0001132716-26-000002 ↗ filed Jan 15, 2026
Holdings Value
Holdings 189 stocks · $3.1B
| CYBR Cyberark Software Ltd./Israel | 15.24% | 987,814 | $477.3M | New |
| VRNA Verona Pharma Ltd. | 14.60% | 4,283,462 | $457.1M | New |
| K Kellanova | 9.25% | 3,533,015 | $289.8M | Reduce -28.1% |
| GTLS Chart Industries Inc. | 8.18% | 1,280,039 | $256.2M | New |
| FYBR Frontier Communications Pare | 7.01% | 5,879,769 | $219.6M | Reduce -2.5% |
| COOP Mr Cooper Group Inc. | 5.38% | 799,969 | $168.6M | Add +83.9% |
| IPG Interpublic Group of Cos Inc. | 4.22% | 4,730,494 | $132.0M | Add +373.1% |
| INFA Informatica Inc. Class A | 3.62% | 4,561,561 | $113.3M | Add +0.3% |
| SPR Spirit Aerosystems Hold Class A | 3.39% | 2,753,215 | $106.3M | Reduce -2.5% |
| MRUS Merus NV | 1.97% | 654,126 | $61.6M | Add +3816.0% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 1.66% | 817,410 | $52.0M | New |
| NVDA Nvidia Corp. | 1.12% | 188,520 | $35.2M | Reduce -18.6% |
| ELME Elme Communities | 1.01% | 1,870,603 | $31.5M | New |
| EA Electronic Arts Inc. | 0.97% | 150,000 | $30.3M | New |
| LNT Alliant Energy Corp. | 0.65% | 302,980 | $20.4M | New |
| ETR Entergy Corp. | 0.62% | 208,330 | $19.4M | Add +82.5% |
| SPNS Sapiens International Corp. | 0.62% | 450,172 | $19.4M | New |
| SO The Southern Co. | 0.61% | 201,920 | $19.1M | Reduce -10.7% |
| PKG Packaging Corp. of America | 0.53% | 75,740 | $16.5M | New |
| MAT Mattel Inc. | 0.51% | 943,229 | $15.9M | Add +11.9% |
| MELI MercadoLibre Inc. | 0.49% | 6,570 | $15.4M | Add +0.6% |
| CNP Centerpoint Energy Inc. | 0.48% | 387,665 | $15.0M | Reduce -26.1% |
| PLYM Plymouth Industrial REIT Inc. | 0.46% | 651,886 | $14.6M | New |
| WCN Waste Connections Inc. | 0.36% | 64,100 | $11.3M | New |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.35% | 1,494,716 | $11.0M | Add +3.3% |
| LYV Live Nation Entertainment Inc. | 0.35% | 67,000 | $10.9M | Add +44.1% |
| EMBJ Embraer SA-Spon ADR | 0.33% | 172,120 | $10.4M | Add +67.1% |
| CROX Crocs Inc. | 0.33% | 124,000 | $10.4M | Add +47.6% |
| BTG B2GOLD Corp. | 0.33% | 2,056,154 | $10.2M | Add +15.2% |
| OXY Occidental Petroleum Corp. | 0.31% | 206,784 | $9.8M | Reduce -55.7% |
| CHRW C.H. Robinson Worldwide Inc. | 0.30% | 71,800 | $9.5M | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.30% | 113,903 | $9.3M | Add +33.1% |
| SNPS Synopsys Inc. | 0.30% | 18,801 | $9.3M | New |
| CLH Clean Harbors Inc. | 0.29% | 39,450 | $9.2M | Reduce -8.3% |
| NVT Nvent Electric PLC | 0.29% | 92,500 | $9.1M | Add +15.6% |
| APD Air Products & Chemicals Inc. | 0.27% | 31,535 | $8.6M | Reduce -8.5% |
| URI United Rentals Inc. | 0.27% | 8,770 | $8.4M | Reduce -44.7% |
| NRG NRG Energy Inc. | 0.25% | 48,955 | $7.9M | Reduce -20.0% |
| VST Vistra Corp. | 0.25% | 40,280 | $7.9M | Add +15.2% |
| PNR Pentair PLC | 0.24% | 67,987 | $7.5M | Reduce -41.0% |
| JENA Jena Acquisition Corp. II - A | 0.23% | 700,000 | $7.1M | New |
| PONY Pony AI Inc. | 0.22% | 311,224 | $7.0M | Add +11.5% |
| DAL Delta Air Lines Inc. | 0.21% | 115,148 | $6.5M | Reduce -14.8% |
| COIN Coinbase Global Inc. Class A | 0.20% | 19,000 | $6.4M | New |
| APH Amphenol Corp. Class A | 0.20% | 50,000 | $6.2M | New |
| PDD PDD Holdings Inc. | 0.20% | 46,801 | $6.2M | Reduce -41.6% |
| HUBG Hub Group Inc. Class A | 0.19% | 172,000 | $5.9M | New |
| META Meta Platforms Inc. Class A | 0.19% | 8,000 | $5.9M | Add +88.8% |
| VMC Vulcan Materials Co. | 0.19% | 18,950 | $5.8M | Reduce -42.7% |
| PAGS Pagseguro Digital Ltd. Class A | 0.19% | 582,357 | $5.8M | Add +32.9% |
| MLM Martin Marietta Materials | 0.18% | 9,100 | $5.7M | New |
| GTEN Gores Holdings X Inc. Class A | 0.18% | 550,000 | $5.6M | Add +10.0% |
| INTR Inter & Co. Inc. Class A | 0.17% | 589,643 | $5.4M | Reduce -13.6% |
| TSLA Tesla Inc. | 0.17% | 11,800 | $5.2M | New |
| GTES Gates Industrial Corp. UK Ltd. | 0.17% | 210,790 | $5.2M | Add +122.8% |
| BEAG Bold Eagle Acquisition Cor-A | 0.17% | 500,000 | $5.2M | Add +25.0% |
| WYNN WYNN Resorts Ltd. | 0.16% | 40,000 | $5.1M | New |
| EGHA Egh Acquisition Co. Class A | 0.16% | 500,000 | $5.0M | Add +100.0% |
| PWR Quanta Services Inc. | 0.16% | 12,000 | $5.0M | New |
| HWM Howmet Aerospace Inc. | 0.16% | 25,000 | $4.9M | Add +134.2% |
| AEP American Electric Power | 0.15% | 42,000 | $4.7M | New |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 0.15% | 450,000 | $4.7M | No change |
| AEXA American Exceptionalism Class A | 0.14% | 400,000 | $4.4M | New |
| ANET Arista Networks Inc. | 0.14% | 30,000 | $4.4M | New |
| INTC Intel Corp. | 0.14% | 128,000 | $4.3M | Reduce -47.6% |
| ANSC Agriculture & Natural Soluti | 0.13% | 384,160 | $4.2M | Add +15.0% |
| MTZ Mastec Inc. | 0.13% | 19,080 | $4.1M | New |
| CCJ Cameco Corp. | 0.13% | 47,165 | $4.0M | Add +88.7% |
| FMX Fomento Economico Mex-SP ADR | 0.13% | 40,075 | $4.0M | New |
| NHIC Newhold Investment Cor III-A | 0.12% | 375,000 | $3.8M | Add +66.7% |
| RAL Ralliant Corp. | 0.12% | 87,000 | $3.8M | New |
| LIN Linde PLC | 0.12% | 7,900 | $3.8M | Reduce -35.1% |
| BAP Credicorp Ltd. | 0.12% | 14,076 | $3.7M | No change |
| HUBB Hubbell Inc. | 0.12% | 8,660 | $3.7M | New |
| GPAT GP-Act III Acquisition-A | 0.12% | 350,000 | $3.7M | Add +40.0% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.12% | 536,643 | $3.6M | Reduce -18.8% |
| FLR Fluor Corp. | 0.11% | 83,890 | $3.5M | New |
| NCLH Norwegian Cruise Line Holdin | 0.11% | 135,000 | $3.3M | No change |
| TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V | 0.11% | 324,923 | $3.3M | Add +85.8% |
| VRT Vertiv Holdings Co. Class A | 0.10% | 21,400 | $3.2M | New |
| BSAC Banco Santander-Chile-ADR | 0.10% | 119,793 | $3.2M | No change |
| ZK Zeekr Intelligent Techno-ADR | 0.10% | 104,037 | $3.2M | Add +166.1% |
| OACC Oaktree Acquisition Corp. I-A | 0.10% | 300,000 | $3.2M | Add +50.0% |
| ACMR Acm Research Inc. Class A | 0.10% | 79,396 | $3.1M | Reduce -13.8% |
| VIST Vista Energy Sab DE CV | 0.10% | 89,299 | $3.1M | Add +184.5% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.10% | 368,434 | $3.1M | Add +91.4% |
| CEPF Cantor Equity Partners Class A | 0.10% | 300,000 | $3.1M | New |
| TVA Texas Ventures Acquisition-A | 0.09% | 275,466 | $3.0M | Reduce -31.1% |
| TOST Toast Inc. Class A | 0.09% | 80,000 | $2.9M | New |
| GLOB Globant SA | 0.09% | 50,726 | $2.9M | Add +41.2% |
| TSEM Tower Semiconductor Ltd. | 0.09% | 39,044 | $2.8M | New |
| ULTA Ulta Beauty Inc. | 0.09% | 5,000 | $2.7M | Reduce -62.2% |
| ACEL Accel Entertainment Inc. | 0.09% | 246,728 | $2.7M | No change |
| SRAD Sportradar Group AG-A | 0.09% | 100,000 | $2.7M | New |
| AAM Aa Mission Acquisition Cor-A | 0.08% | 250,000 | $2.6M | New |
| CRC California Resources Corp. | 0.08% | 49,400 | $2.6M | New |
| AVGO Broadcom Inc. | 0.08% | 7,950 | $2.6M | Reduce -70.3% |
| NETD Nabors Energy Transition C-A | 0.08% | 233,912 | $2.6M | No change |
| CCIX Churchill Capital Corp. Ix | 0.08% | 250,000 | $2.6M | No change |
| MLAC Mountain Lake Acquisition-A | 0.08% | 250,000 | $2.6M | No change |
Options reported separately and not counted above: LCID puts ($2.3M), AAL puts ($2.1M), VRT calls ($1.4M), CHTR puts ($1.3M), HTZ puts ($830K), CROX puts ($749K), F puts ($566K), MGNI calls ($454K), HOG puts ($431K), RIG puts ($422K), SABR puts ($420K), CC puts ($396K), and 36 more.
Other holdings (37): bonds, preferreds, convertibles and warrants · $194.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 20,000,000 | $30.4M | New |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 27,352,000 | $26.8M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 18,000,000 | $20.7M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 22,000,000 | $19.8M | Add +29.4% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 17,500,000 | $19.5M | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 15,000,000 | $16.1M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 16,000,000 | $16.0M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 10,000,000 | $13.7M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 10,000,000 | $10.4M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 7,000,000 | $9.9M | Reduce -68.9% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 2,500,000 | $3.9M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 19,000,000 | $3.8M | Reduce -34.5% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 297,742 | $2.1M | Reduce -27.8% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 9,500 | $872K | Reduce -52.5% |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 400,000 | $104K | No change |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 89,434 | $103K | New |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 187,499 | $61K | New |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 50,000 | $56K | New |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 165,500 | $44K | New |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 250,000 | $44K | New |
| DAICW Cid Holdco Inc. -26 | *W EXP 12/31/202 | 282,640 | $43K | No change |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 200,000 | $30K | New |
| SPEGR Silver Pegasus Acquisition C | RIGHT 06/26/2030 | 120,000 | $28K | New |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 175,000 | $28K | New |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 75,000 | $26K | New |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 24,800 | $23K | New |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 125,000 | $23K | New |
| INACR Indigo Acquisition Corp. | RIGHT 04/02/2027 | 75,000 | $13K | New |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 221,686 | $11K | No change |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 181,387 | $10K | No change |
| SCAGW Scage Future -30 | *W EXP 05/15/203 | 127,590 | $6K | New |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 70,030 | $5K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 142,585 | $5K | 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 |
| OPTXW Omnilit Acquisition Class A -23 | *W EXP 99/99/999 | 32,034 | $3K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 150,251 | $2K | No change |
Total filed on the 13F, all lines: $3.3B.
Portfolio Sells Q2 2025 → Q3 2025
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −8.24 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −6.49 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −6.28 |
| CHX Championx Corp. | Sold out | 0.00% | −5.36 |
| ANSS Ansys Inc. | Sold out | 0.00% | −4.95 |
| HES Hess Corp. | Sold out | 0.00% | −4.18 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −3.55 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −3.42 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −2.58 |
| K Kellanova | Reduce -28.1% | 9.25% | −1.91 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −1.86 |
| AMED Amedisys Inc. | Sold out | 0.00% | −1.33 |
| ESGR Enstar Group Ltd. | Sold out | 0.00% | −1.13 |
| GMS GMS Inc. | Sold out | 0.00% | −0.62 |
| FL Foot Locker Inc. | Sold out | 0.00% | −0.50 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.49 |
| DOV Dover Corp. | Sold out | 0.00% | −0.32 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.28 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.27 |
| CCK Crown Holdings Inc. | Sold out | 0.00% | −0.26 |
| OXY Occidental Petroleum Corp. | Reduce -55.7% | 0.31% | −0.25 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.25 |
| LX Lexinfintech Holdings L-ADR | Sold out | 0.00% | −0.24 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.23 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.22 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.22 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.21 |
| MS Morgan Stanley | Sold out | 0.00% | −0.20 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.18 |
| BA The Boeing Co. | Sold out | 0.00% | −0.17 |
| FLYYQ Spirit Aviation Holdings Inc. | Sold out | 0.00% | −0.16 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.16 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.15 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.15 |
| TTAN Servicetitan Inc. Class A | Sold out | 0.00% | −0.15 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.15 |
| WAB Wabtec Corp. | Sold out | 0.00% | −0.15 |
| CYH Community Health Systems Inc. | Sold out | 0.00% | −0.15 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.13 |
| FIVE Five Below | Reduce -83.3% | 0.04% | −0.13 |
| IP International Paper Co. | Reduce -71.6% | 0.06% | −0.13 |
| AVGO Broadcom Inc. | Reduce -70.3% | 0.08% | −0.13 |
| BTI British American Tob-SP ADR | Sold out | 0.00% | −0.11 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.11 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.11 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.11 |
| TEVA Teva Pharmaceutical-SP ADR | Sold out | 0.00% | −0.11 |
| ECVT Ecovyst Inc. | Sold out | 0.00% | −0.11 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.10 |
| XYF X Financial-ADR | Sold out | 0.00% | −0.10 |
Portfolio Buys Q2 2025 → Q3 2025
| CYBR Cyberark Software Ltd./Israel | New | 15.24% | +15.24 |
| VRNA Verona Pharma Ltd. | New | 14.60% | +14.60 |
| GTLS Chart Industries Inc. | New | 8.18% | +8.18 |
| COOP Mr Cooper Group Inc. | Add +83.9% | 5.38% | +3.53 |
| IPG Interpublic Group of Cos Inc. | Add +373.1% | 4.22% | +3.52 |
| MRUS Merus NV | Add +3816.0% | 1.97% | +1.94 |
| AL Sumisho Air Lease Corp. | New | 1.66% | +1.66 |
| ELME Elme Communities | New | 1.01% | +1.01 |
| EA Electronic Arts Inc. | New | 0.97% | +0.97 |
| LNT Alliant Energy Corp. | New | 0.65% | +0.65 |
| SPNS Sapiens International Corp. | New | 0.62% | +0.62 |
| PKG Packaging Corp. of America | New | 0.53% | +0.53 |
| PLYM Plymouth Industrial REIT Inc. | New | 0.46% | +0.46 |
| INFA Informatica Inc. Class A | Add +0.3% | 3.62% | +0.45 |
| WCN Waste Connections Inc. | New | 0.36% | +0.36 |
| ETR Entergy Corp. | Add +82.5% | 0.62% | +0.35 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.30% | +0.30 |
| SNPS Synopsys Inc. | New | 0.30% | +0.30 |
| JENA Jena Acquisition Corp. II - A | New | 0.23% | +0.23 |
| COIN Coinbase Global Inc. Class A | New | 0.20% | +0.20 |
| APH Amphenol Corp. Class A | New | 0.20% | +0.20 |
| HUBG Hub Group Inc. Class A | New | 0.19% | +0.19 |
| MLM Martin Marietta Materials | New | 0.18% | +0.18 |
| TSLA Tesla Inc. | New | 0.17% | +0.17 |
| EMBJ Embraer SA-Spon ADR | Add +67.1% | 0.33% | +0.16 |
| WYNN WYNN Resorts Ltd. | New | 0.16% | +0.16 |
| PWR Quanta Services Inc. | New | 0.16% | +0.16 |
| AEP American Electric Power | New | 0.15% | +0.15 |
| LYV Live Nation Entertainment Inc. | Add +44.1% | 0.35% | +0.15 |
| BTG B2GOLD Corp. | Add +15.2% | 0.33% | +0.14 |
| ANET Arista Networks Inc. | New | 0.14% | +0.14 |
| AEXA American Exceptionalism Class A | New | 0.14% | +0.14 |
| MTZ Mastec Inc. | New | 0.13% | +0.13 |
| FMX Fomento Economico Mex-SP ADR | New | 0.13% | +0.13 |
| NVT Nvent Electric PLC | Add +15.6% | 0.29% | +0.12 |
| RAL Ralliant Corp. | New | 0.12% | +0.12 |
| HUBB Hubbell Inc. | New | 0.12% | +0.12 |
| PONY Pony AI Inc. | Add +11.5% | 0.22% | +0.12 |
| FLR Fluor Corp. | New | 0.11% | +0.11 |
| GTES Gates Industrial Corp. UK Ltd. | Add +122.8% | 0.17% | +0.10 |
| VRT Vertiv Holdings Co. Class A | New | 0.10% | +0.10 |
| HWM Howmet Aerospace Inc. | Add +134.2% | 0.16% | +0.10 |
| META Meta Platforms Inc. Class A | Add +88.8% | 0.19% | +0.10 |
| CEPF Cantor Equity Partners Class A | New | 0.10% | +0.10 |
| TOST Toast Inc. Class A | New | 0.09% | +0.09 |
| TSEM Tower Semiconductor Ltd. | New | 0.09% | +0.09 |
| KSPI JSC Kaspi.kz ADR | Add +33.1% | 0.30% | +0.09 |
| EGHA Egh Acquisition Co. Class A | Add +100.0% | 0.16% | +0.09 |
| CROX Crocs Inc. | Add +47.6% | 0.33% | +0.09 |
| SRAD Sportradar Group AG-A | New | 0.09% | +0.09 |
Options Activity Q2 2025 → Q3 2025
| LCID Lucid Group Inc. | put | Add +967.5% | 3,165,100 | $2.3M |
| AAL American Airlines Group Inc. | put | Reduce -13.9% | 9,310,000 | $2.1M |
| VRT Vertiv Holdings Co. Class A | call | New | 75,000 | $1.4M |
| CROX Crocs Inc. | put | New | 81,000 | $749K |
| VISN Vistance Networks Inc. | call | Sold out | 550,000 | $578Kbefore exit |
| F Ford Motor Co. | put | Reduce -2.7% | 900,000 | $566K |
| MGNI Magnite Inc. | call | Reduce -46.3% | 232,000 | $454K |
| RIG Transocean Ltd. | put | Reduce -45.3% | 483,400 | $422K |
| FOUR SHIFT4 Payments Inc. Class A | call | Sold out | 35,000 | $354Kbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -49.6% | 96,000 | $347K |
| MRVL Marvell Technology Inc. | call | Sold out | 75,000 | $341Kbefore exit |
| REPL Replimune Group Inc. | call | Sold out | 169,000 | $308Kbefore exit |
| TSLA Tesla Inc. | put | Sold out | 12,500 | $289Kbefore exit |
| IWM iShares Russell 2000 ETF | call | Sold out | 105,000 | $288Kbefore exit |
| AAPL Apple Inc. | call | Sold out | 74,000 | $279Kbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Add +242.5% | 68,500 | $240K |
| RARE Ultragenyx Pharmaceutical Inc. | call | Sold out | 60,000 | $238Kbefore exit |
| FSLR First Solar Inc. | call | Sold out | 15,000 | $189Kbefore exit |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Sold out | 500,000 | $173Kbefore exit |
| UAL United Airlines Holdings Inc. | put | Sold out | 87,500 | $165Kbefore exit |
| GLD SPDR Gold Shares | call | Sold out | 31,500 | $154Kbefore exit |
| OCUL Ocular Therapeutix Inc. | call | Sold out | 120,000 | $153Kbefore exit |
| XBI SS SPDR S&P Biotech ETF | put | Sold out | 105,000 | $149Kbefore exit |
| INSM Insmed Inc. | put | Sold out | 27,000 | $138Kbefore exit |
| QURE Uniqure NV | call | Sold out | 80,000 | $124Kbefore exit |
| TLT iShares 20+ Year Treasury BD | call | New | 50,000 | $122K |
| SVC Service Pptys TR | call | New | 600,000 | $105K |
| M Macy's Inc. | put | New | 80,000 | $104K |
| TLT iShares 20+ Year Treasury BD | put | Sold out | 600,000 | $102Kbefore exit |
| XOP SS SPDR S&P Og Exp & Prod | call | New | 37,000 | $101K |
| INSP Inspire Medical Systems Inc. | put | Sold out | 10,000 | $86Kbefore exit |
| NKE Nike Inc. Class B | call | New | 29,500 | $82K |
| SLNO Soleno Therapeutics Inc. | call | Sold out | 10,000 | $75Kbefore exit |
| IRM Iron Mountain Inc. | put | Sold out | 25,000 | $70Kbefore exit |
| XBI SS SPDR S&P Biotech ETF | call | Sold out | 70,000 | $67Kbefore exit |
| ALKS Alkermes PLC | put | Sold out | 25,000 | $58Kbefore exit |
| INCY Incyte Corp. | call | Sold out | 35,000 | $50Kbefore exit |
| CAPR Capricor Therapeutics Inc. | put | Sold out | 33,000 | $44Kbefore exit |
| B Barrick Mining Corp. | call | New | 143,000 | $41K |
| XLV SS Health Care Select Sector | put | Sold out | 70,000 | $41Kbefore exit |
| SLNO Soleno Therapeutics Inc. | put | Sold out | 12,000 | $40Kbefore exit |
| TPH Tri Pointe Homes Inc. | put | Add +31.1% | 23,600 | $31K |
| SMH Vaneck Semiconductor ETF | put | New | 10,300 | $31K |
| BIIB Biogen Inc. | call | Sold out | 20,000 | $30Kbefore exit |
| CRSP Crispr Therapeutics AG | call | Sold out | 10,000 | $27Kbefore exit |
| CAKE The Cheesecake Factory Inc. | put | Reduce -28.6% | 17,500 | $27K |
| GDX Vaneck Gold Miners ETF | call | New | 13,500 | $27K |
| USO United States Oil Fund LP | put | Sold out | 72,000 | $26Kbefore exit |
| AXGN Axogen Inc. | call | Sold out | 50,000 | $24Kbefore exit |
| RIOT Riot Platforms Inc. | call | New | 29,200 | $24K |
Showing the first 50 of 67.
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
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 20,000,000 | $30.4M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | New | 18,000,000 | $20.7M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +29.4% | 22,000,000 | $19.8M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -68.9% | 7,000,000 | $9.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 9,500,000 | $9.2Mbefore exit |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | New | 2,500,000 | $3.9M |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | Reduce -34.5% | 19,000,000 | $3.8M |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | Reduce -27.8% | 297,742 | $2.1M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Reduce -52.5% | 9,500 | $872K |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | Sold out | 463,341 | $259Kbefore exit |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | New | 89,434 | $103K |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | Sold out | 250,000 | $81Kbefore exit |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | New | 187,499 | $61K |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | New | 50,000 | $56K |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | New | 165,500 | $44K |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | New | 250,000 | $44K |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | New | 200,000 | $30K |
| SPEGR Silver Pegasus Acquisition C | RIGHT 06/26/2030 | New | 120,000 | $28K |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | New | 175,000 | $28K |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | New | 75,000 | $26K |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | New | 24,800 | $23K |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | New | 125,000 | $23K |
| INACR Indigo Acquisition Corp. | RIGHT 04/02/2027 | New | 75,000 | $13K |
| XAGEW Alpha Healthcare Acquis-CW27 | *W EXP 07/12/202 | Sold out | 371,250 | $11Kbefore exit |
| SCAGW Scage Future -30 | *W EXP 05/15/203 | New | 127,590 | $6K |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 | Sold out | 135,667 | $6Kbefore 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 |