Oribel Capital Management, LP In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Oribel Capital Management, LP reported 32 stock positions worth $804.6 million . Its top holding was Cardinal Health (CAH) at 14.2% of the portfolio, followed by Meta Platforms Class A (META, 9.2% ) and Cencora (COR, 7.0% ). Compared with Q4 2024, it opened 15 new positions, sold out of 23, added to 8 and reduced 9. The biggest buy was Cardinal Health (CAH, shares +95% ) and the biggest sale an exit from Salesforce (CRM).
Location NEW YORK, NY
CIK 0001661140
Portfolio Value $804.6M (Q1 2025) Holdings 32 stocks · $804.6M 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 Q4 2024 CAH Cardinal Health Inc. 831,600 $114.6M Add +94.9% META Meta Platforms Inc. Class A 128,400 $74.0M Add +128.5% COR Cencora Inc. 202,300 $56.3M New MCK McKesson Corp. 75,700 $50.9M New TRMB Trimble Inc. 626,900 $41.2M Add +6.0% WTW Willis Towers Watson PLC 113,700 $38.4M New FISV Fiserv Inc. 164,900 $36.4M New AON Aon PLC Class A 90,100 $36.0M Add +49.8% DHR Danaher Corp. 166,600 $34.2M New KKR KKR & Co. Inc. 255,100 $29.5M Reduce -8.3% CME Cme Group Inc. 100,800 $26.7M New CIEN Ciena Corp. 415,400 $25.1M New APO Apollo Global Management Inc. 182,700 $25.0M Reduce -48.6% PAYX Paychex Inc. 151,500 $23.4M New WBD Warner Bros Discovery Inc. 1,772,700 $19.0M Add +67.3% T AT&T Inc. 652,200 $18.4M Reduce -64.6% AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 53,300 $18.4M Reduce -80.7% ADP Automatic Data Processing 60,000 $18.3M New AVGO Broadcom Inc. 107,000 $17.9M Add +632.9% NVDA Nvidia Corp. 159,900 $17.3M Reduce -78.3% NFLX Netflix Inc. 18,500 $17.3M Reduce -83.4% ETN Eaton Corp. PLC 41,400 $11.3M New MRSH Marsh & McLennan Cos 36,900 $9.0M New TTWO Take-Two Interactive Softwre 43,000 $8.9M New ADSK Autodesk Inc. 32,800 $8.6M Reduce -85.3% NWSA News Corp. Class A 239,800 $6.5M New APG Api Group Corp. 146,400 $5.2M Add +215.5% SPY SS SPDR S&P 500 ETF Trust-US 8,400 $4.7M Add +41.2% TW Tradeweb Markets Inc. Class A 25,300 $3.8M New AMZN Amazon.com Inc. 17,400 $3.3M Reduce -92.9% NET Cloudflare Inc. Class A 29,100 $3.3M New QQQ Invesco QQQ Trust Series 1 3,700 $1.7M Reduce -21.3%
Options reported separately and not counted above: CAH puts ($114.6M), META puts ($74.0M), MSCI calls ($71.4M), GPN calls ($71.2M), DT calls ($62.6M), CBRE calls ($61.9M), COR puts ($56.3M), MCK puts ($50.9M), BX calls ($49.1M), FISV calls ($44.3M), BDX calls ($41.7M), ORCL calls ($40.2M), and 49 more.
Portfolio Sells Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ CRM Salesforce Inc. Sold out 0.00% −7.97 MSFT Microsoft Corp. Sold out 0.00% −6.20 NOW ServiceNow Inc. Sold out 0.00% −5.52 NFLX Netflix Inc. Reduce -83.4% 2.14% −4.59 NVDA Nvidia Corp. Reduce -78.3% 2.15% −4.56 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −4.39 GPN Global Payments Inc. Sold out 0.00% −3.97 MSCI MSCI Inc. Sold out 0.00% −3.45 ADSK Autodesk Inc. Reduce -85.3% 1.07% −3.41 TEAM Atlassian Corp. Class A Sold out 0.00% −3.30 AMZN Amazon.com Inc. Reduce -92.9% 0.41% −3.22 AJG Arthur J Gallagher & Co. Reduce -80.7% 2.29% −3.05 TWLO Twilio Inc. Class A Sold out 0.00% −2.76 MCHP Microchip Technology Inc. Sold out 0.00% −2.28 TMO Thermo Fisher Scientific Inc. Sold out 0.00% −1.67 TER Teradyne Inc. Sold out 0.00% −1.49 GRMN Garmin Ltd. Sold out 0.00% −1.20 CLH Clean Harbors Inc. Sold out 0.00% −1.14 CBRE CBRE Group Inc. Class A Sold out 0.00% −1.11 MCO Moody's Corp. Sold out 0.00% −1.01 JBL Jabil Inc. Sold out 0.00% −0.97 NDAQ Nasdaq Inc. Sold out 0.00% −0.93 BRZE Braze Inc. Class A Sold out 0.00% −0.89 APO Apollo Global Management Inc. Reduce -48.6% 3.11% −0.88 APH Amphenol Corp. Class A Sold out 0.00% −0.56 T AT&T Inc. Reduce -64.6% 2.29% −0.56 ZM Zoom Communications Inc. Sold out 0.00% −0.53 ARES Ares Management Corp. Class A Sold out 0.00% −0.25 ULS Ul Solutions Inc. Class A Sold out 0.00% −0.22 NBIS Nebius Group NV Sold out 0.00% −0.20 QQQ Invesco QQQ Trust Series 1 Reduce -21.3% 0.22% +0.05 KKR KKR & Co. Inc. Reduce -8.3% 3.67% +0.87
Portfolio Buys Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ CAH Cardinal Health Inc. Add +94.9% 14.24% +10.81 COR Cencora Inc. New 6.99% +6.99 META Meta Platforms Inc. Class A Add +128.5% 9.20% +6.96 MCK McKesson Corp. New 6.33% +6.33 WTW Willis Towers Watson PLC New 4.78% +4.78 FISV Fiserv Inc. New 4.53% +4.53 DHR Danaher Corp. New 4.24% +4.24 CME Cme Group Inc. New 3.32% +3.32 CIEN Ciena Corp. New 3.12% +3.12 AON Aon PLC Class A Add +49.8% 4.47% +3.00 PAYX Paychex Inc. New 2.90% +2.90 ADP Automatic Data Processing New 2.28% +2.28 TRMB Trimble Inc. Add +6.0% 5.12% +2.28 AVGO Broadcom Inc. Add +632.9% 2.23% +2.00 WBD Warner Bros Discovery Inc. Add +67.3% 2.36% +1.60 ETN Eaton Corp. PLC New 1.40% +1.40 MRSH Marsh & McLennan Cos New 1.12% +1.12 TTWO Take-Two Interactive Softwre New 1.11% +1.11 NWSA News Corp. Class A New 0.81% +0.81 APG Api Group Corp. Add +215.5% 0.65% +0.54 TW Tradeweb Markets Inc. Class A New 0.47% +0.47 NET Cloudflare Inc. Class A New 0.41% +0.41 SPY SS SPDR S&P 500 ETF Trust-US Add +41.2% 0.58% +0.35
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ CAH Cardinal Health Inc. put Add +94.9% 831,600 $114.6M NOW ServiceNow Inc. put Sold out 76,700 $81.3Mbefore exit AON Aon PLC Class A call Sold out 211,100 $75.8Mbefore exit META Meta Platforms Inc. Class A put New 128,400 $74.0M MSCI MSCI Inc. call New 126,300 $71.4M GPN Global Payments Inc. call New 727,200 $71.2M DT Dynatrace Inc. call New 1,327,900 $62.6M CBRE CBRE Group Inc. Class A call New 473,600 $61.9M COR Cencora Inc. put New 202,300 $56.3M AMZN Amazon.com Inc. put Sold out 243,600 $53.4Mbefore exit MCK McKesson Corp. put New 75,700 $50.9M MSCI MSCI Inc. put Sold out 84,800 $50.9Mbefore exit AJG Arthur J Gallagher & Co. put Sold out 176,500 $50.1Mbefore exit BX Blackstone Inc. call New 351,000 $49.1M TEAM Atlassian Corp. Class A put Sold out 199,600 $48.6Mbefore exit BX Blackstone Inc. put Sold out 278,400 $48.0Mbefore exit FISV Fiserv Inc. call New 200,800 $44.3M ADP Automatic Data Processing call Sold out 142,700 $41.8Mbefore exit BDX Becton Dickinson and Co. call New 182,000 $41.7M SAP Sap SE-Sponsored ADR call Sold out 164,400 $40.5Mbefore exit ORCL Oracle Corp. call Add +475.2% 287,600 $40.2M WTW Willis Towers Watson PLC put New 113,700 $38.4M ADI Analog Devices Inc. call Sold out 180,700 $38.4Mbefore exit FISV Fiserv Inc. put New 164,900 $36.4M AON Aon PLC Class A put Add +98.0% 90,100 $36.0M ETN Eaton Corp. PLC call Sold out 105,900 $35.1Mbefore exit AVGO Broadcom Inc. call New 205,000 $34.3M DHR Danaher Corp. put New 166,600 $34.2M WCN Waste Connections Inc. call Add +17.5% 174,200 $34.0M FEZ State Street SPDR Euro Stoxx call New 623,600 $33.9M PAYX Paychex Inc. call Sold out 238,600 $33.5Mbefore exit TSM Taiwan Semiconductor-SP ADR put Sold out 163,700 $32.3Mbefore exit CRM Salesforce Inc. call Reduce -32.3% 113,200 $30.4M KKR KKR & Co. Inc. put Reduce -8.3% 255,100 $29.5M SWKS Skyworks Solutions Inc. call Sold out 323,900 $28.7Mbefore exit TEL Te Connectivity PLC call New 203,100 $28.7M INTU Intuit Inc. call Sold out 45,200 $28.4Mbefore exit TRMB Trimble Inc. put Reduce -29.4% 417,900 $27.4M FEZ State Street SPDR Euro Stoxx put New 502,200 $27.3M CRWD CrowdStrike Holdings Inc. Class A call Sold out 76,900 $26.3Mbefore exit NOW ServiceNow Inc. call New 32,700 $26.0M CIEN Ciena Corp. put New 415,400 $25.1M APO Apollo Global Management Inc. put Reduce -48.6% 182,700 $25.0M TMO Thermo Fisher Scientific Inc. put Sold out 47,400 $24.7Mbefore exit APO Apollo Global Management Inc. call New 175,900 $24.1M CSGP Costar Group Inc. call New 299,800 $23.8M ICE Intercontinental Exchange Inc. call Sold out 158,900 $23.7Mbefore exit IBM Intl Business Machines Corp. call New 92,400 $23.0M ECL Ecolab Inc. call Add +22.6% 84,500 $21.4M TMO Thermo Fisher Scientific Inc. call New 42,200 $21.0M
Showing the first 50 of 98.
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