Oribel Capital Management, LP In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Oribel Capital Management, LP reported 47 stock positions worth $1.9 billion . Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Nvidia (NVDA, 6.5% ) and Amazon.com (AMZN, 5.5% ). Compared with Q1 2025, it opened 30 new positions, sold out of 15, added to 7 and reduced 10. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale Cardinal Health (CAH, shares −53% ).
Location NEW YORK, NY
CIK 0001661140
Portfolio Value $1.9B (Q2 2025) Holdings 47 stocks · $1.9B 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 Q1 2025 MSFT Microsoft Corp. 250,000 $124.4M New NVDA Nvidia Corp. 774,900 $122.4M Add +384.6% AMZN Amazon.com Inc. 475,400 $104.3M Add +2632.2% T AT&T Inc. 3,410,900 $98.7M Add +423.0% ADSK Autodesk Inc. 282,800 $87.5M Add +762.2% SAP Sap SE-Sponsored ADR 285,500 $86.8M New JCI Johnson Controls Internation 733,600 $77.5M New AMT American Tower Corp. 343,900 $76.0M New BX Blackstone Inc. 464,400 $69.5M New CAH Cardinal Health Inc. 392,400 $65.9M Reduce -52.8% MCHP Microchip Technology Inc. 934,100 $65.7M New TSM Taiwan Semiconductor-SP ADR 287,300 $65.1M New MCO Moody's Corp. 105,500 $52.9M New HEI Heico Corp. 158,100 $51.9M New AMD Advanced Micro Devices 340,600 $48.3M New KKR KKR & Co. Inc. 360,000 $47.9M Add +41.1% ECL Ecolab Inc. 140,400 $37.8M New TWLO Twilio Inc. Class A 301,000 $37.4M New COR Cencora Inc. 124,800 $37.4M Reduce -38.3% NFLX Netflix Inc. 27,700 $37.1M Add +49.7% MELI MercadoLibre Inc. 14,100 $36.9M New SPOT Spotify Technology SA 48,000 $36.8M New COOP Mr Cooper Group Inc. 242,000 $36.1M New GRMN Garmin Ltd. 167,400 $34.9M New TRMB Trimble Inc. 423,000 $32.1M Reduce -32.5% HSIC Henry Schein Inc. 409,100 $29.9M New APH Amphenol Corp. Class A 288,100 $28.4M New CTAS Cintas Corp. 126,700 $28.2M New AVGO Broadcom Inc. 102,200 $28.2M Reduce -4.5% SANM Sanmina Corp. 219,800 $21.5M New ARM Arm Holdings PLC-ADR 126,100 $20.4M New ARES Ares Management Corp. Class A 114,100 $19.8M New PAYX Paychex Inc. 132,300 $19.2M Reduce -12.7% FNF Fidelity National Financial 176,400 $14.4M New WBD Warner Bros Discovery Inc. 1,140,600 $13.1M Reduce -35.7% CLS Celestica Inc. 82,500 $12.9M New XYZ Block Inc. 172,300 $11.7M New DDOG Datadog Inc. Class A 78,500 $10.5M New TTWO Take-Two Interactive Softwre 41,600 $10.1M Reduce -3.3% FIS Fidelity National Info Serv 110,100 $9.0M New RSG Republic Services Inc. 36,200 $8.9M New KEYS Keysight Technologies Inc. 46,800 $7.7M New NWSA News Corp. Class A 250,500 $7.4M Add +4.5% STX Seagate Technology Holdings 47,400 $6.8M New SPY SS SPDR S&P 500 ETF Trust-US 7,700 $4.8M Reduce -8.3% QQQ Invesco QQQ Trust Series 1 3,500 $1.9M Reduce -5.4% NET Cloudflare Inc. Class A 8,300 $1.6M Reduce -71.5%
Options reported separately and not counted above: KKR puts ($79.5M), SAP puts ($77.0M), VZ calls ($76.4M), BX puts ($69.5M), TSM puts ($65.1M), MCK puts ($61.1M), CAH puts ($58.3M), TMUS calls ($57.5M), WDAY calls ($57.0M), ORCL calls ($51.2M), ADSK puts ($50.6M), AMD puts ($48.3M), and 50 more.
Portfolio Sells Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ CAH Cardinal Health Inc. Reduce -52.8% 3.49% −10.75 META Meta Platforms Inc. Class A Sold out 0.00% −9.20 MCK McKesson Corp. Sold out 0.00% −6.33 COR Cencora Inc. Reduce -38.3% 1.98% −5.01 WTW Willis Towers Watson PLC Sold out 0.00% −4.78 FISV Fiserv Inc. Sold out 0.00% −4.53 AON Aon PLC Class A Sold out 0.00% −4.47 DHR Danaher Corp. Sold out 0.00% −4.24 TRMB Trimble Inc. Reduce -32.5% 1.70% −3.41 CME Cme Group Inc. Sold out 0.00% −3.32 CIEN Ciena Corp. Sold out 0.00% −3.12 APO Apollo Global Management Inc. Sold out 0.00% −3.11 AJG Arthur J Gallagher & Co. Sold out 0.00% −2.29 ADP Automatic Data Processing Sold out 0.00% −2.28 PAYX Paychex Inc. Reduce -12.7% 1.02% −1.89 WBD Warner Bros Discovery Inc. Reduce -35.7% 0.69% −1.67 ETN Eaton Corp. PLC Sold out 0.00% −1.40 MRSH Marsh & McLennan Cos Sold out 0.00% −1.12 AVGO Broadcom Inc. Reduce -4.5% 1.49% −0.73 APG Api Group Corp. Sold out 0.00% −0.65 TTWO Take-Two Interactive Softwre Reduce -3.3% 0.54% −0.57 TW Tradeweb Markets Inc. Class A Sold out 0.00% −0.47 SPY SS SPDR S&P 500 ETF Trust-US Reduce -8.3% 0.25% −0.33 NET Cloudflare Inc. Class A Reduce -71.5% 0.09% −0.32 QQQ Invesco QQQ Trust Series 1 Reduce -5.4% 0.10% −0.11
Portfolio Buys Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ MSFT Microsoft Corp. New 6.59% +6.59 AMZN Amazon.com Inc. Add +2632.2% 5.52% +5.11 SAP Sap SE-Sponsored ADR New 4.60% +4.60 NVDA Nvidia Corp. Add +384.6% 6.48% +4.33 JCI Johnson Controls Internation New 4.10% +4.10 AMT American Tower Corp. New 4.03% +4.03 BX Blackstone Inc. New 3.68% +3.68 ADSK Autodesk Inc. Add +762.2% 4.64% +3.57 MCHP Microchip Technology Inc. New 3.48% +3.48 TSM Taiwan Semiconductor-SP ADR New 3.45% +3.45 T AT&T Inc. Add +423.0% 5.23% +2.94 MCO Moody's Corp. New 2.80% +2.80 HEI Heico Corp. New 2.75% +2.75 AMD Advanced Micro Devices New 2.56% +2.56 ECL Ecolab Inc. New 2.00% +2.00 TWLO Twilio Inc. Class A New 1.98% +1.98 MELI MercadoLibre Inc. New 1.95% +1.95 SPOT Spotify Technology SA New 1.95% +1.95 COOP Mr Cooper Group Inc. New 1.91% +1.91 GRMN Garmin Ltd. New 1.85% +1.85 HSIC Henry Schein Inc. New 1.58% +1.58 APH Amphenol Corp. Class A New 1.51% +1.51 CTAS Cintas Corp. New 1.50% +1.50 SANM Sanmina Corp. New 1.14% +1.14 ARM Arm Holdings PLC-ADR New 1.08% +1.08 ARES Ares Management Corp. Class A New 1.05% +1.05 FNF Fidelity National Financial New 0.76% +0.76 CLS Celestica Inc. New 0.68% +0.68 XYZ Block Inc. New 0.62% +0.62 DDOG Datadog Inc. Class A New 0.56% +0.56 FIS Fidelity National Info Serv New 0.47% +0.47 RSG Republic Services Inc. New 0.47% +0.47 KEYS Keysight Technologies Inc. New 0.41% +0.41 STX Seagate Technology Holdings New 0.36% +0.36 NFLX Netflix Inc. Add +49.7% 1.96% −0.18 NWSA News Corp. Class A Add +4.5% 0.39% −0.42 KKR KKR & Co. Inc. Add +41.1% 2.54% −1.13
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ KKR KKR & Co. Inc. put Add +134.3% 597,600 $79.5M SAP Sap SE-Sponsored ADR put New 253,200 $77.0M VZ Verizon Communications Inc. call Add +782.4% 1,765,700 $76.4M META Meta Platforms Inc. Class A put Sold out 128,400 $74.0Mbefore exit MSCI MSCI Inc. call Sold out 126,300 $71.4Mbefore exit GPN Global Payments Inc. call Sold out 727,200 $71.2Mbefore exit BX Blackstone Inc. put New 464,400 $69.5M TSM Taiwan Semiconductor-SP ADR put New 287,300 $65.1M DT Dynatrace Inc. call Sold out 1,327,900 $62.6Mbefore exit CBRE CBRE Group Inc. Class A call Sold out 473,600 $61.9Mbefore exit MCK McKesson Corp. put Add +10.2% 83,400 $61.1M CAH Cardinal Health Inc. put Reduce -58.3% 347,100 $58.3M TMUS T-Mobile US Inc. call New 241,500 $57.5M WDAY Workday Inc. Class A call Add +211.8% 237,600 $57.0M ORCL Oracle Corp. call Reduce -18.5% 234,300 $51.2M ADSK Autodesk Inc. put Add +398.8% 163,600 $50.6M AMD Advanced Micro Devices put New 340,600 $48.3M ITB iShares U.S. Home Constructi call New 509,400 $47.5M HYMB SS SPDR N Ice HY Muni ETF call New 608,200 $46.9M IYZ iShares US Telecommunication call New 187,500 $44.8M MCK McKesson Corp. call New 60,700 $44.5M FISV Fiserv Inc. call Sold out 200,800 $44.3Mbefore exit MCO Moody's Corp. put New 85,600 $42.9M HEI Heico Corp. put New 128,000 $42.0M BDX Becton Dickinson and Co. call Sold out 182,000 $41.7Mbefore exit MRSH Marsh & McLennan Cos call New 189,500 $41.4M IJJ iShares S&P Mid-Cap 400 Valu call New 183,600 $39.6M EMR Emerson Electric Co. call Add +89.4% 288,700 $38.5M TEL Te Connectivity PLC call Add +12.2% 227,900 $38.4M WTW Willis Towers Watson PLC put Sold out 113,700 $38.4Mbefore exit COR Cencora Inc. put Reduce -38.3% 124,800 $37.4M WM Waste Management Inc. call New 161,200 $36.9M MELI MercadoLibre Inc. put New 14,100 $36.9M SPOT Spotify Technology SA put New 48,000 $36.8M FISV Fiserv Inc. put Sold out 164,900 $36.4Mbefore exit AON Aon PLC Class A put Sold out 90,100 $36.0Mbefore exit GRMN Garmin Ltd. put New 167,400 $34.9M AVGO Broadcom Inc. call Sold out 205,000 $34.3Mbefore exit SANM Sanmina Corp. call New 349,700 $34.2M DHR Danaher Corp. put Sold out 166,600 $34.2Mbefore exit WCN Waste Connections Inc. call Sold out 174,200 $34.0Mbefore exit FEZ State Street SPDR Euro Stoxx call Sold out 623,600 $33.9Mbefore exit WM Waste Management Inc. put New 141,800 $32.4M GWW WW Grainger Inc. call New 31,000 $32.2M ZM Zoom Communications Inc. call New 390,600 $30.5M CRM Salesforce Inc. call Sold out 113,200 $30.4Mbefore exit CHTR Charter Communications Inc. Class A call New 72,100 $29.5M ECL Ecolab Inc. put New 108,300 $29.2M FTNT Fortinet Inc. call Add +199.1% 275,500 $29.1M NFLX Netflix Inc. put Add +16.8% 21,600 $28.9M
Showing the first 50 of 107.
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