Oribel Capital Management, LP In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Oribel Capital Management, LP reported 40 stock positions worth $1.5 billion . Its top holding was Salesforce (CRM) at 8.0% of the portfolio, followed by Netflix (NFLX, 6.7% ) and Nvidia (NVDA, 6.7% ). Compared with Q3 2024, it opened 24 new positions, sold out of 18, added to 12 and reduced 4. The biggest buy was a new position in Arthur J Gallagher (AJG) and the biggest sale an exit from Waste Management (WM).
Location NEW YORK, NY
CIK 0001661140
Portfolio Value $1.5B (Q4 2024) Holdings 40 stocks · $1.5B 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 2024 CRM Salesforce Inc. 351,200 $117.4M Add +57.8% NFLX Netflix Inc. 111,300 $99.2M Add +105.3% NVDA Nvidia Corp. 736,500 $98.9M Add +28.8% MSFT Microsoft Corp. 216,600 $91.3M Add +22.1% NOW ServiceNow Inc. 76,700 $81.3M Add +883.3% AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 276,800 $78.6M New ADSK Autodesk Inc. 223,000 $65.9M Add +23.3% TSM Taiwan Semiconductor-SP ADR 327,100 $64.6M Add +420.9% APO Apollo Global Management Inc. 355,400 $58.7M New GPN Global Payments Inc. 521,300 $58.4M New AMZN Amazon.com Inc. 243,600 $53.4M New MSCI MSCI Inc. 84,800 $50.9M Add +105.8% CAH Cardinal Health Inc. 426,700 $50.5M New TEAM Atlassian Corp. Class A 199,600 $48.6M New T AT&T Inc. 1,841,800 $41.9M New TRMB Trimble Inc. 591,700 $41.8M Add +189.8% KKR KKR & Co. Inc. 278,100 $41.1M New TWLO Twilio Inc. Class A 375,600 $40.6M New MCHP Microchip Technology Inc. 584,600 $33.5M New META Meta Platforms Inc. Class A 56,200 $32.9M Add +869.0% TMO Thermo Fisher Scientific Inc. 47,400 $24.7M New TER Teradyne Inc. 174,700 $22.0M New AON Aon PLC Class A 60,158 $21.6M Reduce -60.9% GRMN Garmin Ltd. 86,000 $17.7M New CLH Clean Harbors Inc. 72,900 $16.8M Add +70.7% CBRE CBRE Group Inc. Class A 124,500 $16.3M New MCO Moody's Corp. 31,500 $14.9M New JBL Jabil Inc. 98,900 $14.2M New NDAQ Nasdaq Inc. 177,400 $13.7M New BRZE Braze Inc. Class A 313,000 $13.1M New WBD Warner Bros Discovery Inc. 1,059,600 $11.2M New APH Amphenol Corp. Class A 118,800 $8.3M Reduce -75.2% ZM Zoom Communications Inc. 96,400 $7.9M New ARES Ares Management Corp. Class A 21,200 $3.8M New SPY SS SPDR S&P 500 ETF Trust-US 5,950 $3.5M Reduce -4.0% AVGO Broadcom Inc. 14,600 $3.4M New ULS Ul Solutions Inc. Class A 63,500 $3.2M Reduce -86.4% NBIS Nebius Group NV 105,500 $2.9M New QQQ Invesco QQQ Trust Series 1 4,700 $2.4M Add +17.5% APG Api Group Corp. 46,400 $1.7M New
Options reported separately and not counted above: NOW puts ($81.3M), AON calls ($75.8M), ADSK puts ($65.9M), APO puts ($58.7M), CRM calls ($55.9M), AMZN puts ($53.4M), MSCI puts ($50.9M), CAH puts ($50.5M), AJG puts ($50.1M), TEAM puts ($48.6M), BX puts ($48.0M), TRMB puts ($41.8M), and 41 more.
Portfolio Sells Q3 2024 → Q4 2024 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 2024 % Of Portfolio Change To Portfolio ▲ WM Waste Management Inc. Sold out 0.00% −7.69 ECL Ecolab Inc. Sold out 0.00% −6.87 DHR Danaher Corp. Sold out 0.00% −5.10 DELL Dell Technologies -C Sold out 0.00% −5.01 AON Aon PLC Class A Reduce -60.9% 1.47% −4.35 RSG Republic Services Inc. Sold out 0.00% −3.29 CPAY Corpay Inc. Sold out 0.00% −3.17 APH Amphenol Corp. Class A Reduce -75.2% 0.56% −2.85 A Agilent Technologies Inc. Sold out 0.00% −2.59 ORCL Oracle Corp. Sold out 0.00% −2.55 ETN Eaton Corp. PLC Sold out 0.00% −2.50 ULS Ul Solutions Inc. Class A Reduce -86.4% 0.22% −2.31 PANW Palo Alto Networks Inc. Sold out 0.00% −1.72 FTNT Fortinet Inc. Sold out 0.00% −1.70 ADI Analog Devices Inc. Sold out 0.00% −1.68 BFAM Bright Horizons Family Solut Sold out 0.00% −1.23 CTAS Cintas Corp. Sold out 0.00% −1.02 UBER Uber Technologies Inc. Sold out 0.00% −0.84 GEV GE Vernova Inc. Sold out 0.00% −0.46 SNPS Synopsys Inc. Sold out 0.00% −0.34 ARM Arm Holdings PLC-ADR Sold out 0.00% −0.20 SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.0% 0.24% −0.15
Portfolio Buys Q3 2024 → Q4 2024 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 2024 % Of Portfolio Change To Portfolio ▼ AJG Arthur J Gallagher & Co. New 5.33% +5.33 NOW ServiceNow Inc. Add +883.3% 5.52% +4.76 APO Apollo Global Management Inc. New 3.99% +3.99 GPN Global Payments Inc. New 3.97% +3.97 AMZN Amazon.com Inc. New 3.63% +3.63 CAH Cardinal Health Inc. New 3.43% +3.43 TEAM Atlassian Corp. Class A New 3.30% +3.30 TSM Taiwan Semiconductor-SP ADR Add +420.9% 4.39% +3.19 T AT&T Inc. New 2.85% +2.85 KKR KKR & Co. Inc. New 2.79% +2.79 TWLO Twilio Inc. Class A New 2.76% +2.76 NFLX Netflix Inc. Add +105.3% 6.74% +2.54 MCHP Microchip Technology Inc. New 2.28% +2.28 META Meta Platforms Inc. Class A Add +869.0% 2.23% +1.87 TMO Thermo Fisher Scientific Inc. New 1.67% +1.67 TER Teradyne Inc. New 1.49% +1.49 TRMB Trimble Inc. Add +189.8% 2.84% +1.45 CRM Salesforce Inc. Add +57.8% 7.97% +1.32 GRMN Garmin Ltd. New 1.20% +1.20 CBRE CBRE Group Inc. Class A New 1.11% +1.11 MCO Moody's Corp. New 1.01% +1.01 JBL Jabil Inc. New 0.97% +0.97 NDAQ Nasdaq Inc. New 0.93% +0.93 BRZE Braze Inc. Class A New 0.89% +0.89 MSCI MSCI Inc. Add +105.8% 3.45% +0.83 WBD Warner Bros Discovery Inc. New 0.76% +0.76 ZM Zoom Communications Inc. New 0.53% +0.53 ARES Ares Management Corp. Class A New 0.25% +0.25 AVGO Broadcom Inc. New 0.23% +0.23 NBIS Nebius Group NV New 0.20% +0.20 APG Api Group Corp. New 0.11% +0.11 CLH Clean Harbors Inc. Add +70.7% 1.14% +0.01 QQQ Invesco QQQ Trust Series 1 Add +17.5% 0.16% −0.05 NVDA Nvidia Corp. Add +28.8% 6.72% −0.87 ADSK Autodesk Inc. Add +23.3% 4.48% −0.97 MSFT Microsoft Corp. Add +22.1% 6.20% −2.14
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPYX SS SPDR S&P 500 Foss FL ETF put Sold out 225,000 $129.1Mbefore exit NOW ServiceNow Inc. put Add +883.3% 76,700 $81.3M ADP Automatic Data Processing put Sold out 282,500 $78.2Mbefore exit AON Aon PLC Class A call New 211,100 $75.8M DELL Dell Technologies -C call Sold out 594,600 $70.5Mbefore exit NVDA Nvidia Corp. put Sold out 572,000 $69.5Mbefore exit ADSK Autodesk Inc. put Add +23.3% 223,000 $65.9M CRM Salesforce Inc. put Sold out 222,600 $60.9Mbefore exit APO Apollo Global Management Inc. put Add +38.9% 355,400 $58.7M CRM Salesforce Inc. call New 167,100 $55.9M AMZN Amazon.com Inc. put New 243,600 $53.4M WM Waste Management Inc. put Sold out 256,600 $53.3Mbefore exit MSCI MSCI Inc. put Add +105.8% 84,800 $50.9M CAH Cardinal Health Inc. put New 426,700 $50.5M AJG Arthur J Gallagher & Co. put New 176,500 $50.1M TEAM Atlassian Corp. Class A put New 199,600 $48.6M BX Blackstone Inc. put New 278,400 $48.0M DHR Danaher Corp. put Sold out 168,100 $46.7Mbefore exit TMO Thermo Fisher Scientific Inc. call Sold out 75,300 $46.6Mbefore exit DELL Dell Technologies -C put Sold out 387,100 $45.9Mbefore exit TRMB Trimble Inc. put Add +189.8% 591,700 $41.8M ADP Automatic Data Processing call Add +159.0% 142,700 $41.8M EMR Emerson Electric Co. call New 336,100 $41.7M KKR KKR & Co. Inc. put New 278,100 $41.1M SAP Sap SE-Sponsored ADR call New 164,400 $40.5M NFLX Netflix Inc. put Sold out 54,200 $38.4Mbefore exit ADI Analog Devices Inc. call New 180,700 $38.4M COR Cencora Inc. call Sold out 160,100 $36.0Mbefore exit ETN Eaton Corp. PLC call New 105,900 $35.1M PAYX Paychex Inc. call Add +108.2% 238,600 $33.5M TSM Taiwan Semiconductor-SP ADR put Add +160.7% 163,700 $32.3M ECL Ecolab Inc. put Sold out 123,100 $31.4Mbefore exit APH Amphenol Corp. Class A put Sold out 479,700 $31.3Mbefore exit RSG Republic Services Inc. put Sold out 149,900 $30.1Mbefore exit SWKS Skyworks Solutions Inc. call New 323,900 $28.7M INTU Intuit Inc. call New 45,200 $28.4M CRWD CrowdStrike Holdings Inc. Class A call New 76,900 $26.3M XLE SS Energy Select Sector call Sold out 296,700 $26.1Mbefore exit WCN Waste Connections Inc. call New 148,300 $25.4M FDS Factset Research Systems Inc. call Sold out 55,100 $25.3Mbefore exit TMO Thermo Fisher Scientific Inc. put New 47,400 $24.7M A Agilent Technologies Inc. put Sold out 159,900 $23.7Mbefore exit VZ Verizon Communications Inc. call New 593,000 $23.7M ICE Intercontinental Exchange Inc. call New 158,900 $23.7M ORCL Oracle Corp. put Sold out 137,200 $23.4Mbefore exit FTNT Fortinet Inc. call New 245,700 $23.2M CBOE Cboe Global Markets Inc. call Sold out 100,600 $20.6Mbefore exit RSG Republic Services Inc. call New 100,600 $20.2M ROL Rollins Inc. call Sold out 360,900 $18.3Mbefore exit CRL Charles River Laboratories call Sold out 85,700 $16.9Mbefore exit
Showing the first 50 of 82.
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 50 $1.2B ADI, JBL, MMM, TXN, FLEX Q1 2026 41 $657.5M GE, CSCO, JBL, AEIS, KEYS Q4 2025 51 $1.0B GOOGL, MSI, TSM, TEL, NVDA Q3 2025 34 $1.2B MSFT, NVDA, T, WMT, AVGO Q2 2025 47 $1.9B MSFT, NVDA, AMZN, T, ADSK Q1 2025 32 $804.6M CAH, META, COR, MCK, TRMB Q4 2024 40 $1.5B CRM, NFLX, NVDA, MSFT, NOW Q3 2024 34 $915.6M MSFT, WM, NVDA, ECL, CRM Q2 2024 27 $737.6M TSM, AAPL, ACN, APH, NVDA Q1 2024 36 $871.2M AMZN, TSM, SNPS, CRM, MSFT