One River Asset Management, LLC In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), One River Asset Management, LLC reported 58 stock positions worth $112.7 million . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 43.6% of the portfolio, followed by Microsoft (MSFT, 12.7% ) and Netflix (NFLX, 7.5% ). Compared with Q3 2025, it opened 27 new positions, sold out of 13, added to 21 and reduced 10. The biggest buy was Microsoft (MSFT, shares +1309% ) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −28% ).
Location STAMFORD, CT
CIK 0001616336
Portfolio Value $112.7M (Q4 2025) Holdings 58 stocks · $112.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 SPY SS SPDR S&P 500 ETF Trust-US 72,053 $49.1M Add +216.7% MSFT Microsoft Corp. 29,613 $14.3M Add +1308.8% NFLX Netflix Inc. 89,609 $8.4M Add +2389.1% ON On Semiconductor 107,938 $5.8M New UNH Unitedhealth Group Inc. 14,063 $4.6M Add +255.8% NOW ServiceNow Inc. 22,949 $3.5M Add +5299.8% VXZ Ipath Ser B S&P 500 Vix M/T filed as BARCLAYS BANK PLC 53,744 $2.9M New NVDA Nvidia Corp. 14,176 $2.6M New QQQ Invesco QQQ Trust Series 1 3,512 $2.2M Reduce -28.4% LIN Linde PLC 4,980 $2.1M Add +7932.3% ORCL Oracle Corp. 10,339 $2.0M Add +344533.3% COST Costco Wholesale Corp. 1,972 $1.7M Add +99.6% PG The Procter & Gamble Co. 9,189 $1.3M Add +1403.9% MA Mastercard Inc. Class A 2,188 $1.2M Add +179.8% AAPL Apple Inc. 3,965 $1.1M Reduce -39.1% HD Home Depot Inc. 2,979 $1.0M Add +352.1% CVX Chevron Corp. 6,249 $952K Add +19.0% META Meta Platforms Inc. Class A 1,397 $922K Reduce -54.9% FCX Freeport-McMoran Inc. 12,995 $660K Reduce -43.6% AVGO Broadcom Inc. 1,811 $627K Add +26.6% PFE Pfizer Inc. 24,450 $609K Add +319.7% PLTR Palantir Technologies Inc. Class A 2,603 $463K Add +5953.5% TSLA Tesla Inc. 1,008 $453K New CLF Cleveland-Cliffs Inc. 33,948 $451K New UBER Uber Technologies Inc. 4,843 $396K Add +120975.0% NIO Nio Inc. - ADR 75,000 $395K New DKNG Draftkings Inc. Class A 10,000 $345K New PYPL PayPal Holdings Inc. 4,970 $290K New INTU Intuit Inc. 396 $262K Reduce -4.6% PEP Pepsico Inc. 1,800 $258K Add +516.4% XLV SS Health Care Select Sector 1,460 $226K New DVN Devon Energy Corp. 5,317 $195K Reduce -49.4% ABT Abbott Laboratories 1,272 $159K Add +1035.7% VZ Verizon Communications Inc. 3,850 $157K Add +4595.1% AMZN Amazon.com Inc. 677 $156K Reduce -79.8% PM Philip Morris International 658 $106K Add +197.7% ETN Eaton Corp. PLC 208 $66K New BLK BlackRock Inc. 56 $60K New MCD McDonald's Corp. 180 $55K Reduce -28.0% T AT&T Inc. 2,097 $52K New ABBV Abbvie Inc. 223 $51K New AMD Advanced Micro Devices 210 $45K Reduce -38.2% NEE Nextera Energy Inc. 410 $33K New PATH Uipath Inc. Class A 2,000 $33K New QCOM Qualcomm Inc. 174 $30K New BKNG Booking Holdings Inc. 5 $27K Reduce -72.2% TXN Texas Instruments Inc. 132 $23K New CSCO Cisco Systems Inc. 189 $15K Add +40.0% AXP American Express Co. 34 $13K New AMGN Amgen Inc. 27 $9K New GE General Electric filed as GE AEROSPACE 25 $8K New ACN Accenture PLC Class A 18 $5K New IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 10 $3K New EWZ iShares MSCI Brazil ETF 79 $3K New BA The Boeing Co. 11 $2K New INTC Intel Corp. 24 $886 New SCHW Schwab (charles) Corp. 8 $799 New APH Amphenol Corp. Class A 2 $270 New
Options reported separately and not counted above: NVDA puts ($397.9M), NVDA calls ($53.1M), MSFT calls ($39.2M), MSFT puts ($35.9M), AAPL puts ($21.0M), UNH puts ($15.8M), LLY calls ($15.7M), LLY puts ($15.6M), TSLA calls ($15.1M), TSLA puts ($15.1M), SLV puts ($12.9M), ON puts ($12.8M), and 164 more.
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ QQQ Invesco QQQ Trust Series 1 Reduce -28.4% 1.92% −7.46 META Meta Platforms Inc. Class A Reduce -54.9% 0.82% −6.44 AAPL Apple Inc. Reduce -39.1% 0.96% −4.34 FCX Freeport-McMoran Inc. Reduce -43.6% 0.59% −2.30 AMZN Amazon.com Inc. Reduce -79.8% 0.14% −2.23 DVN Devon Energy Corp. Reduce -49.4% 0.17% −1.02 INTU Intuit Inc. Reduce -4.6% 0.23% −0.67 MGM MGM Resorts International Sold out 0.00% −0.44 CRM Salesforce Inc. Sold out 0.00% −0.43 GEV GE Vernova Inc. Sold out 0.00% −0.35 BKNG Booking Holdings Inc. Reduce -72.2% 0.02% −0.29 MCD McDonald's Corp. Reduce -28.0% 0.05% −0.19 AMD Advanced Micro Devices Reduce -38.2% 0.04% −0.14 KO The Coca-Cola Co. Sold out 0.00% −0.12 DIS The Walt Disney Co. Sold out 0.00% −0.12 V Visa Inc. Class A Sold out 0.00% −0.10 GOOG Alphabet Inc. Class C Sold out 0.00% −0.04 GOOGL Alphabet Inc. Class A Sold out 0.00% −0.02 XOM Exxon Mobil Corp. Sold out 0.00% −0.02 GS Goldman Sachs Group Inc. Sold out 0.00% −0.02 BAC Bank of America Corp. Sold out 0.00% −0.01 WFC Wells Fargo & Co. Sold out 0.00% −0.00 WMT Walmart Inc. Sold out 0.00% −0.00
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ MSFT Microsoft Corp. Add +1308.8% 12.71% +9.22 NFLX Netflix Inc. Add +2389.1% 7.46% +6.08 ON On Semiconductor New 5.19% +5.19 NOW ServiceNow Inc. Add +5299.8% 3.12% +2.87 VXZ Ipath Ser B S&P 500 Vix M/T New 2.55% +2.55 NVDA Nvidia Corp. New 2.35% +2.35 LIN Linde PLC Add +7932.3% 1.88% +1.79 ORCL Oracle Corp. Add +344533.3% 1.79% +1.79 PG The Procter & Gamble Co. Add +1403.9% 1.17% +0.87 TSLA Tesla Inc. New 0.40% +0.40 CLF Cleveland-Cliffs Inc. New 0.40% +0.40 PLTR Palantir Technologies Inc. Class A Add +5953.5% 0.41% +0.39 NIO Nio Inc. - ADR New 0.35% +0.35 UBER Uber Technologies Inc. Add +120975.0% 0.35% +0.35 DKNG Draftkings Inc. Class A New 0.31% +0.31 PYPL PayPal Holdings Inc. New 0.26% +0.26 XLV SS Health Care Select Sector New 0.20% +0.20 VZ Verizon Communications Inc. Add +4595.1% 0.14% +0.13 PEP Pepsico Inc. Add +516.4% 0.23% +0.10 ABT Abbott Laboratories Add +1035.7% 0.14% +0.09 PFE Pfizer Inc. Add +319.7% 0.54% +0.07 ETN Eaton Corp. PLC New 0.06% +0.06 HD Home Depot Inc. Add +352.1% 0.91% +0.05 BLK BlackRock Inc. New 0.05% +0.05 T AT&T Inc. New 0.05% +0.05 ABBV Abbvie Inc. New 0.05% +0.05 NEE Nextera Energy Inc. New 0.03% +0.03 PATH Uipath Inc. Class A New 0.03% +0.03 QCOM Qualcomm Inc. New 0.03% +0.03 TXN Texas Instruments Inc. New 0.02% +0.02 AXP American Express Co. New 0.01% +0.01 AMGN Amgen Inc. New 0.01% +0.01 GE General Electric New 0.01% +0.01 ACN Accenture PLC Class A New 0.00% +0.00 IBM Intl Business Machines Corp. New 0.00% +0.00 EWZ iShares MSCI Brazil ETF New 0.00% +0.00 BA The Boeing Co. New 0.00% +0.00 INTC Intel Corp. New 0.00% +0.00 SCHW Schwab (charles) Corp. New 0.00% +0.00 APH Amphenol Corp. Class A New 0.00% +0.00 CSCO Cisco Systems Inc. Add +40.0% 0.01% −0.02 PM Philip Morris International Add +197.7% 0.09% −0.02 UNH Unitedhealth Group Inc. Add +255.8% 4.12% −0.24 MA Mastercard Inc. Class A Add +179.8% 1.11% −0.31 AVGO Broadcom Inc. Add +26.6% 0.56% −0.94 COST Costco Wholesale Corp. Add +99.6% 1.51% −1.41 CVX Chevron Corp. Add +19.0% 0.85% −1.77 SPY SS SPDR S&P 500 ETF Trust-US Add +216.7% 43.61% −4.68
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ NVDA Nvidia Corp. put Add +4793.1% 2,133,400 $397.9M NVDA Nvidia Corp. call Add +553.0% 284,700 $53.1M MSFT Microsoft Corp. call Add +86.4% 81,100 $39.2M MSFT Microsoft Corp. put Add +89.5% 74,300 $35.9M AAPL Apple Inc. put Add +17.5% 77,200 $21.0M UNH Unitedhealth Group Inc. put Add +133.7% 47,900 $15.8M LLY Eli Lilly & Co. call Add +139.3% 14,600 $15.7M LLY Eli Lilly & Co. put Add +137.7% 14,500 $15.6M TSLA Tesla Inc. call Add +241.8% 33,500 $15.1M TSLA Tesla Inc. put Add +241.8% 33,500 $15.1M SLV iShares Silver Trust put New 200,000 $12.9M ON On Semiconductor put New 235,600 $12.8M NFLX Netflix Inc. call Add +100.7% 120,400 $11.3M SPY SS SPDR S&P 500 ETF Trust-US call Reduce -30.1% 16,000 $10.9M NFLX Netflix Inc. put Add +67.3% 100,400 $9.4M CCL Carnival Corp. call Sold out 316,500 $9.2Mbefore exit AAPL Apple Inc. call Reduce -9.2% 31,700 $8.6M FCX Freeport-McMoran Inc. put Add +224.6% 150,600 $7.6M CCL Carnival Corp. put Sold out 264,200 $7.6Mbefore exit META Meta Platforms Inc. Class A call Reduce -34.1% 11,200 $7.4M MA Mastercard Inc. Class A call Add +127.3% 12,500 $7.1M MA Mastercard Inc. Class A put Add +125.5% 12,400 $7.1M PFE Pfizer Inc. call Add +278.5% 267,200 $6.7M V Visa Inc. Class A call Add +161.2% 17,500 $6.1M V Visa Inc. Class A put Add +158.2% 17,300 $6.1M QQQ Invesco QQQ Trust Series 1 call Reduce -48.9% 8,900 $5.5M OPEN Opendoor Technologies Inc. call Sold out 630,200 $5.0Mbefore exit META Meta Platforms Inc. Class A put Reduce -57.6% 7,200 $4.8M AMZN Amazon.com Inc. put Reduce -14.6% 19,300 $4.5M AMZN Amazon.com Inc. call Reduce -15.9% 19,000 $4.4M AVGO Broadcom Inc. put Reduce -16.9% 12,300 $4.3M AVGO Broadcom Inc. call Reduce -17.6% 12,200 $4.2M NOW ServiceNow Inc. call Add +120.0% 27,500 $4.2M NOW ServiceNow Inc. put Add +120.0% 27,500 $4.2M LIN Linde PLC call Add +261.5% 9,400 $4.0M LIN Linde PLC put Add +261.5% 9,400 $4.0M PYPL PayPal Holdings Inc. call Add +100.0% 67,200 $3.9M GOOGL Alphabet Inc. Class A put Reduce -10.9% 11,400 $3.6M GOOGL Alphabet Inc. Class A call Reduce -11.7% 11,300 $3.5M UNH Unitedhealth Group Inc. call Add +265.5% 10,600 $3.5M JNJ Johnson & Johnson put Add +238.8% 16,600 $3.4M BRK.B Berkshire Hathaway Inc. Class B call Reduce -29.2% 6,800 $3.4M BRK.B Berkshire Hathaway Inc. Class B put Reduce -29.2% 6,800 $3.4M ORCL Oracle Corp. call Add +258.7% 16,500 $3.2M ORCL Oracle Corp. put Add +252.2% 16,200 $3.2M JNJ Johnson & Johnson call Add +206.1% 15,000 $3.1M PFE Pfizer Inc. put Add +100.0% 121,200 $3.0M NIO Nio Inc. - ADR call New 388,300 $3.0M GOOG Alphabet Inc. Class C put Reduce -10.5% 9,400 $2.9M GOOG Alphabet Inc. Class C call Reduce -11.4% 9,300 $2.9M
Showing the first 50 of 176.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 53 $20.8M SPY, META, FXI, MSFT, BKNG Q1 2026 77 $29.4M MSFT, AAPL, NVDA, BKNG, META Q4 2025 58 $112.7M SPY, MSFT, NFLX, ON, UNH Q3 2025 44 $31.3M SPY, QQQ, META, AAPL, UNH Q2 2025 15 $25.6M SPY, QQQ, AMGN, BSX, IYR Q1 2025 20 $27.2M MSFT, AMZN, XLK, V, XOM Q4 2024 62 $66.8M XLF, LLY, CAT, QQQ, ARKK Q3 2024 48 $88.8M SPY, XLF, XLK, AAPL, XLE Q2 2024 52 $184.2M SPY, QQQ, AAL, XLF, GOOGL Q1 2024 28 $318.3M QQQ, SPY, XLF, AAPL, LQD