Paloma Partners Management Co
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Paloma Partners Management Co reported 91 stock positions worth $277.5 million. Its top holding was Allegro Microsystems (ALGM) at 6.4% of the portfolio, followed by Texas Instruments (TXN, 5.2%) and iShares 20+ Year Treasury BD (TLT, 5.1%). Compared with Q4 2024, it opened 45 new positions, sold out of 96, added to 14 and reduced 30. The biggest buy was a new position in Texas Instruments (TXN) and the biggest sale an exit from Conocophillips (COP).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001103882
- Portfolio Value
- $277.5M (Q1 2025)
- SEC Filing
- 0001633870-25-000002 ↗ filed May 15, 2025
Holdings Value
Holdings 91 stocks · $277.5M
| ALGM Allegro Microsystems Inc. | 6.42% | 708,968 | $17.8M | Reduce -66.3% |
| TXN Texas Instruments Inc. | 5.25% | 81,000 | $14.6M | New |
| TLT iShares 20+ Year Treasury BD | 5.12% | 155,936 | $14.2M | Add +1.6% |
| CRM Salesforce Inc. | 4.36% | 45,107 | $12.1M | Reduce -49.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 3.84% | 135,141 | $10.7M | Add +122.8% |
| AVGO Broadcom Inc. | 3.71% | 61,500 | $10.3M | New |
| SNOW Snowflake Inc. | 3.67% | 69,710 | $10.2M | Reduce -68.5% |
| LSCC Lattice Semiconductor Corp. | 3.40% | 180,000 | $9.4M | Add +200.0% |
| NXPI NXP Semiconductors NV | 2.83% | 41,250 | $7.8M | New |
| ADBE Adobe Inc. | 2.61% | 18,900 | $7.2M | Reduce -59.3% |
| UNIT Uniti Group LLC Com SHS | 2.44% | 1,343,000 | $6.8M | Add +5.0% |
| INTC Intel Corp. | 2.43% | 297,500 | $6.8M | Reduce -90.5% |
| WDAY Workday Inc. Class A | 2.42% | 28,780 | $6.7M | Reduce -49.8% |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 2.34% | 2,443,634 | $6.5M | Reduce -7.7% |
| ORCL Oracle Corp. | 2.33% | 46,242 | $6.5M | Add +1441.4% |
| VEA Vanguard Ftse Developed ETF | 2.33% | 127,109 | $6.5M | New |
| OKTA Okta Inc. | 2.22% | 58,484 | $6.2M | Reduce -73.9% |
| TEAM Atlassian Corp. Class A | 2.10% | 27,518 | $5.8M | Add +1022.3% |
| MBLY Mobileye Global Inc. Class A | 2.07% | 400,000 | $5.8M | Reduce -62.4% |
| ESTC Elastic NV | 2.02% | 62,779 | $5.6M | New |
| LITE Lumentum Holdings Inc. | 1.91% | 85,000 | $5.3M | New |
| DKNG Draftkings Inc. Class A | 1.90% | 158,596 | $5.3M | Reduce -79.0% |
| COHR Coherent Corp. | 1.85% | 79,000 | $5.1M | Add +243.5% |
| FCX Freeport-McMoran Inc. | 1.71% | 125,000 | $4.7M | Reduce -79.6% |
| WCC Wesco International Inc. | 1.61% | 28,750 | $4.5M | Reduce -4.2% |
| DAR Darling Ingredients Inc. | 1.24% | 110,000 | $3.4M | Reduce -91.6% |
| RIG Transocean Ltd. | 1.23% | 1,080,000 | $3.4M | New |
| TECK Teck Resources Ltd.-CLS B | 1.23% | 93,500 | $3.4M | Reduce -92.7% |
| AA Alcoa Corp. | 1.04% | 95,000 | $2.9M | Reduce -94.9% |
| ON On Semiconductor | 1.03% | 70,000 | $2.8M | Reduce -41.7% |
| MSFT Microsoft Corp. | 1.01% | 7,500 | $2.8M | Reduce -58.8% |
| APTV Aptiv PLC | 1.00% | 46,650 | $2.8M | Reduce -94.9% |
| ETN Eaton Corp. PLC | 0.98% | 10,000 | $2.7M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.87% | 8,791 | $2.4M | Add +4295.5% |
| CNF Cnfinance Hldgs Ltd. | 0.86% | 3,053,377 | $2.4M | No change |
| HUT Hut 8 Corp. | 0.85% | 203,350 | $2.4M | New |
| HUBS HubSpot Inc. | 0.80% | 3,904 | $2.2M | Add +74.8% |
| RRX Regal Rexnord Corp. | 0.76% | 18,500 | $2.1M | Reduce -53.8% |
| IEX Idex Corp. | 0.75% | 11,500 | $2.1M | Reduce -71.3% |
| ALC Alcon Inc. filed as ALCON AG | 0.71% | 20,874 | $2.0M | New |
| GM General Motors Co. | 0.64% | 37,500 | $1.8M | New |
| CCL Carnival Corp. | 0.63% | 90,000 | $1.8M | New |
| VRT Vertiv Holdings Co. Class A | 0.59% | 22,500 | $1.6M | New |
| BTDR Bitdeer Technologies Group-A | 0.57% | 178,200 | $1.6M | No change |
| TSLA Tesla Inc. | 0.56% | 6,000 | $1.6M | New |
| ISRG Intuitive Surgical Inc. | 0.52% | 2,888 | $1.4M | New |
| WH Wyndham Hotels & Resorts Inc. | 0.49% | 15,000 | $1.4M | New |
| AXTA Axalta Coating Systems Ltd. | 0.48% | 40,000 | $1.3M | New |
| TENB Tenable Holdings Inc. | 0.46% | 36,703 | $1.3M | Reduce -8.2% |
| TTWO Take-Two Interactive Softwre | 0.45% | 6,000 | $1.2M | Add +45.9% |
| ABBV Abbvie Inc. | 0.44% | 5,775 | $1.2M | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.43% | 2,857 | $1.2M | Reduce -61.5% |
| AFRM Affirm Holdings Inc. | 0.39% | 23,700 | $1.1M | New |
| COR Cencora Inc. | 0.35% | 3,480 | $968K | Add +344.4% |
| CAH Cardinal Health Inc. | 0.34% | 6,815 | $939K | New |
| MCK McKesson Corp. | 0.33% | 1,378 | $927K | New |
| RCL Royal Caribbean Cruises Ltd. | 0.33% | 4,500 | $924K | New |
| H Hyatt Hotels Corp. Class A | 0.33% | 7,500 | $919K | Reduce -70.0% |
| NN Nextnav Inc. | 0.33% | 75,000 | $913K | New |
| MDT Medtronic PLC | 0.33% | 10,156 | $913K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.30% | 10,516 | $829K | Reduce -40.1% |
| BRZE Braze Inc. Class A | 0.26% | 20,000 | $722K | Reduce -83.8% |
| FXI iShares China Large-Cap ETF | 0.23% | 17,901 | $642K | Reduce -97.2% |
| MDY State Street SPDR S&P Midcap | 0.23% | 1,189 | $634K | New |
| NVS Novartis AG-Sponsored ADR | 0.20% | 5,102 | $569K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.20% | 1,161 | $544K | Reduce -89.6% |
| MRK Merck & Co. Inc. | 0.19% | 5,885 | $528K | New |
| AMD Advanced Micro Devices | 0.19% | 5,000 | $514K | Add +272.0% |
| WBD Warner Bros Discovery Inc. | 0.15% | 40,000 | $429K | Add +33.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.15% | 840 | $407K | New |
| HCA HCA Healthcare Inc. | 0.14% | 1,140 | $394K | New |
| EW Edwards Lifesciences Corp. | 0.12% | 4,776 | $346K | New |
| DGX Quest Diagnostics Inc. | 0.12% | 1,993 | $337K | New |
| NVT Nvent Electric PLC | 0.12% | 6,250 | $328K | New |
| WOLF Wolfspeed Inc. | 0.11% | 100,331 | $307K | New |
| GEHC GE Healthcare Technology | 0.11% | 3,703 | $299K | New |
| IDXX Idexx Laboratories Inc. | 0.10% | 659 | $277K | New |
| ROK Rockwell Automation Inc. | 0.09% | 1,000 | $258K | Reduce -96.4% |
| ABVX Abivax SA-ADR | 0.09% | 38,449 | $240K | New |
| DVA Davita Inc. | 0.08% | 1,467 | $224K | New |
| REGN Regeneron Pharmaceuticals | 0.08% | 352 | $223K | New |
| DXCM Dexcom Inc. | 0.08% | 3,164 | $216K | New |
| CELC Celcuity Inc. | 0.08% | 21,288 | $215K | New |
| XLI SS Industrial Select Sector | 0.07% | 1,479 | $194K | Add +23.3% |
| XLY SS Consumer Disc Select Sect | 0.07% | 955 | $189K | New |
| IWM iShares Russell 2000 ETF | 0.06% | 773 | $154K | Reduce -85.7% |
| GNLX Genelux Corp. | 0.05% | 50,000 | $135K | New |
| LESLIES INC | 0.04% | 155,000 | $114K | Reduce -29.6% |
| AMLX Amylyx Pharmaceuticals Inc. | 0.03% | 22,242 | $79K | New |
| ITOS Iteos Therapeutics Inc. | 0.02% | 10,947 | $65K | New |
| RZLT Rezolute Inc. | 0.02% | 16,601 | $48K | New |
Options reported separately and not counted above: SPY puts ($194.9M), HYG puts ($38.7M), BTDR calls ($10.6M), IREN calls ($8.6M), CORZ calls ($6.1M), INTC calls ($5.7M), TBT calls ($3.4M), WMT puts ($2.0M), CAKE puts ($1.9M), CIFR calls ($1.6M), VST calls ($470K), F puts ($401K), and 1 more.
Other holdings (16): bonds, preferreds, convertibles and warrants · $256.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 45,269,000 | $45.9M | Reduce -0.9% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 53,626,000 | $38.7M | Reduce -24.4% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 38,140,000 | $38.4M | Reduce -11.9% |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 26,938,000 | $23.9M | Reduce -53.3% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 15,030,000 | $21.0M | Reduce -35.1% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 15,000,000 | $16.1M | Reduce -40.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 14,297,000 | $13.6M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 13,500,000 | $13.3M | Add +3275.0% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 12,790,000 | $12.0M | Reduce -31.9% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 8,500,000 | $9.1M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 8,000,000 | $7.3M | New |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 5,000,000 | $4.9M | Reduce -66.1% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 6,000,000 | $3.5M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 3,500,000 | $3.3M | New |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 3,952,000 | $3.0M | Reduce -77.5% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 2,529,000 | $2.5M | New |
Total filed on the 13F, all lines: $534.1M.
Portfolio Sells Q4 2024 → Q1 2025
| COP Conocophillips | Sold out | 0.00% | −7.06 |
| AA Alcoa Corp. | Reduce -94.9% | 1.04% | −5.45 |
| EQT Eqt Corp. | Sold out | 0.00% | −4.14 |
| APTV Aptiv PLC | Reduce -94.9% | 1.00% | −4.09 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −3.71 |
| TECK Teck Resources Ltd.-CLS B | Reduce -92.7% | 1.23% | −3.60 |
| INTC Intel Corp. | Reduce -90.5% | 2.43% | −3.41 |
| DAR Darling Ingredients Inc. | Reduce -91.6% | 1.24% | −2.83 |
| MHK Mohawk Industries Inc. | Sold out | 0.00% | −2.55 |
| NE Noble Corp. PLC | Sold out | 0.00% | −2.48 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −2.20 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −1.70 |
| FXI iShares China Large-Cap ETF | Reduce -97.2% | 0.23% | −1.57 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.96 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.88 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.84 |
| DNUT Krispy Kreme Inc. | Sold out | 0.00% | −0.83 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.79 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Sold out | 0.00% | −0.71 |
| AME Ametek Inc. | Sold out | 0.00% | −0.71 |
| DKNG Draftkings Inc. Class A | Reduce -79.0% | 1.90% | −0.71 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.65 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.64 |
| ROK Rockwell Automation Inc. | Reduce -96.4% | 0.09% | −0.63 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.57 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.56 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.49 |
| FCX Freeport-McMoran Inc. | Reduce -79.6% | 1.71% | −0.46 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.37 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.36 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -89.6% | 0.20% | −0.33 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.31 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.31 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.29 |
| GFR Greenfire Resources Ltd. | Sold out | 0.00% | −0.29 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.28 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.28 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.26 |
| BITF Bitfarms Ltd./Canada | Sold out | 0.00% | −0.25 |
| CSTM Constellium SE | Sold out | 0.00% | −0.24 |
| BRZE Braze Inc. Class A | Reduce -83.8% | 0.26% | −0.22 |
| TDY Teledyne Technologies Inc. | Sold out | 0.00% | −0.21 |
| K Kellanova | Sold out | 0.00% | −0.21 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.19 |
| TSEM Tower Semiconductor Ltd. | Sold out | 0.00% | −0.17 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.16 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.16 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.14 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.14 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.13 |
Portfolio Buys Q4 2024 → Q1 2025
| TXN Texas Instruments Inc. | New | 5.25% | +5.25 |
| TLT iShares 20+ Year Treasury BD | Add +1.6% | 5.12% | +3.87 |
| AVGO Broadcom Inc. | New | 3.71% | +3.71 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +122.8% | 3.84% | +3.40 |
| LSCC Lattice Semiconductor Corp. | Add +200.0% | 3.40% | +3.09 |
| NXPI NXP Semiconductors NV | New | 2.83% | +2.83 |
| VEA Vanguard Ftse Developed ETF | New | 2.33% | +2.33 |
| ORCL Oracle Corp. | Add +1441.4% | 2.33% | +2.28 |
| TEAM Atlassian Corp. Class A | Add +1022.3% | 2.10% | +2.05 |
| ESTC Elastic NV | New | 2.02% | +2.02 |
| LITE Lumentum Holdings Inc. | New | 1.91% | +1.91 |
| UNIT Uniti Group LLC Com SHS | Add +5.0% | 2.44% | +1.79 |
| COHR Coherent Corp. | Add +243.5% | 1.85% | +1.65 |
| RIG Transocean Ltd. | New | 1.23% | +1.23 |
| ETN Eaton Corp. PLC | New | 0.98% | +0.98 |
| VTI VG Morningstar TS MKT ETF-US | Add +4295.5% | 0.87% | +0.87 |
| HUT Hut 8 Corp. | New | 0.85% | +0.85 |
| ALC Alcon Inc. | New | 0.71% | +0.71 |
| HUBS HubSpot Inc. | Add +74.8% | 0.80% | +0.66 |
| GM General Motors Co. | New | 0.64% | +0.64 |
| CCL Carnival Corp. | New | 0.63% | +0.63 |
| VRT Vertiv Holdings Co. Class A | New | 0.59% | +0.59 |
| TSLA Tesla Inc. | New | 0.56% | +0.56 |
| ISRG Intuitive Surgical Inc. | New | 0.52% | +0.52 |
| WH Wyndham Hotels & Resorts Inc. | New | 0.49% | +0.49 |
| AXTA Axalta Coating Systems Ltd. | New | 0.48% | +0.48 |
| ABBV Abbvie Inc. | New | 0.44% | +0.44 |
| AFRM Affirm Holdings Inc. | New | 0.39% | +0.39 |
| TTWO Take-Two Interactive Softwre | Add +45.9% | 0.45% | +0.38 |
| CAH Cardinal Health Inc. | New | 0.34% | +0.34 |
| MCK McKesson Corp. | New | 0.33% | +0.33 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.33% | +0.33 |
| COR Cencora Inc. | Add +344.4% | 0.35% | +0.33 |
| NN Nextnav Inc. | New | 0.33% | +0.33 |
| MDT Medtronic PLC | New | 0.33% | +0.33 |
| MDY State Street SPDR S&P Midcap | New | 0.23% | +0.23 |
| NVS Novartis AG-Sponsored ADR | New | 0.20% | +0.20 |
| MRK Merck & Co. Inc. | New | 0.19% | +0.19 |
| AMD Advanced Micro Devices | Add +272.0% | 0.19% | +0.17 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.15% | +0.15 |
| HCA HCA Healthcare Inc. | New | 0.14% | +0.14 |
| WBD Warner Bros Discovery Inc. | Add +33.3% | 0.15% | +0.13 |
| EW Edwards Lifesciences Corp. | New | 0.12% | +0.12 |
| DGX Quest Diagnostics Inc. | New | 0.12% | +0.12 |
| NVT Nvent Electric PLC | New | 0.12% | +0.12 |
| WOLF Wolfspeed Inc. | New | 0.11% | +0.11 |
| GEHC GE Healthcare Technology | New | 0.11% | +0.11 |
| IDXX Idexx Laboratories Inc. | New | 0.10% | +0.10 |
| ABVX Abivax SA-ADR | New | 0.09% | +0.09 |
| DVA Davita Inc. | New | 0.08% | +0.08 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -55.4% | 348,500 | $194.9M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +202.8% | 490,000 | $38.7M |
| NVDA Nvidia Corp. | put | Sold out | 258,700 | $34.7Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 40,100 | $20.5Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 40,000 | $20.4Mbefore exit |
| TECK Teck Resources Ltd.-CLS B | call | Sold out | 500,000 | $20.3Mbefore exit |
| FXI iShares China Large-Cap ETF | put | Sold out | 614,900 | $18.7Mbefore exit |
| DKNG Draftkings Inc. Class A | call | Sold out | 400,000 | $14.9Mbefore exit |
| BTDR Bitdeer Technologies Group-A | call | New | 1,200,000 | $10.6M |
| TLT iShares 20+ Year Treasury BD | put | Sold out | 118,900 | $10.4Mbefore exit |
| AA Alcoa Corp. | call | Sold out | 250,000 | $9.4Mbefore exit |
| IREN Iren Ltd. | call | New | 1,411,500 | $8.6M |
| XLV SS Health Care Select Sector | call | Sold out | 59,000 | $8.1Mbefore exit |
| WOLF Wolfspeed Inc. | put | Sold out | 1,200,000 | $8.0Mbefore exit |
| XLE SS Energy Select Sector | call | Sold out | 77,900 | $6.7Mbefore exit |
| CORZ Core Scientific Inc. | call | New | 845,000 | $6.1M |
| XLB SS Materials Select Sector | put | Sold out | 71,200 | $6.0Mbefore exit |
| MBLY Mobileye Global Inc. Class A | call | Sold out | 300,000 | $6.0Mbefore exit |
| INTC Intel Corp. | call | Reduce -12.0% | 250,000 | $5.7M |
| XLE SS Energy Select Sector | put | Sold out | 56,000 | $4.8Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 6,400 | $3.8Mbefore exit |
| TBT Proshares Ultrashort 20+Y TR | call | New | 100,000 | $3.4M |
| XME SS SPDR S&P Metals Mining | call | Sold out | 55,800 | $3.2Mbefore exit |
| EFA iShares MSCI Eafe ETF | put | Sold out | 36,100 | $2.7Mbefore exit |
| XLF SS Financial Select Sector | call | Sold out | 49,400 | $2.4Mbefore exit |
| XLU St Sr Utl SL SE SPDR ETF-Usd | call | Sold out | 29,000 | $2.2Mbefore exit |
| WMT Walmart Inc. | put | New | 22,500 | $2.0M |
| CAKE The Cheesecake Factory Inc. | put | New | 40,000 | $1.9M |
| IBB iShares Biotechnology ETF | call | Sold out | 14,000 | $1.9Mbefore exit |
| XLY SS Consumer Disc Select Sect | call | Sold out | 7,900 | $1.8Mbefore exit |
| CIFR Cipher Digital Inc. | call | New | 710,800 | $1.6M |
| IBIT iShares Bitcoin Trust ETF | put | Sold out | 30,000 | $1.6Mbefore exit |
| KO The Coca-Cola Co. | put | Sold out | 25,000 | $1.6Mbefore exit |
| VLTO Veralto Corp. | put | Sold out | 13,700 | $1.4Mbefore exit |
| PEP Pepsico Inc. | put | Sold out | 9,100 | $1.4Mbefore exit |
| CLMT Calumet Inc. | put | Sold out | 60,000 | $1.3Mbefore exit |
| MAR Marriott International Class A | call | Sold out | 4,700 | $1.3Mbefore exit |
| AVB Avalonbay Communities Inc. | call | Sold out | 5,200 | $1.1Mbefore exit |
| BAC Bank of America Corp. | put | Sold out | 25,000 | $1.1Mbefore exit |
| YUM Yum! Brands Inc. | put | Sold out | 7,400 | $993Kbefore exit |
| OXY Occidental Petroleum Corp. | call | Sold out | 19,700 | $973Kbefore exit |
| HD Home Depot Inc. | call | Sold out | 2,500 | $972Kbefore exit |
| PEP Pepsico Inc. | call | Sold out | 6,300 | $958Kbefore exit |
| WEC WEC Energy Group Inc. | call | Sold out | 9,900 | $931Kbefore exit |
| COR Cencora Inc. | call | Sold out | 4,100 | $921Kbefore exit |
| BX Blackstone Inc. | call | Sold out | 5,200 | $897Kbefore exit |
| CTSH Cognizant Tech Solutions-A | call | Sold out | 11,500 | $884Kbefore exit |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 10,000 | $873Kbefore exit |
| SSRM SSR Mining Inc. | put | Sold out | 125,000 | $870Kbefore exit |
| IWM iShares Russell 2000 ETF | call | Sold out | 3,800 | $840Kbefore exit |
Showing the first 50 of 88.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | Reduce -0.9% | 45,269,000 | $45.9M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 35,082,000 | $42.6Mbefore exit |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Reduce -24.4% | 53,626,000 | $38.7M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -11.9% | 38,140,000 | $38.4M |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Reduce -53.3% | 26,938,000 | $23.9M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -35.1% | 15,030,000 | $21.0M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Reduce -40.6% | 15,000,000 | $16.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | New | 14,297,000 | $13.6M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +3275.0% | 13,500,000 | $13.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Sold out | 11,006,000 | $12.1Mbefore exit |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | Reduce -31.9% | 12,790,000 | $12.0M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | New | 8,500,000 | $9.1M |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 1,882,000 | $8.8Mbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Sold out | 8,753,000 | $7.9Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 8,000,000 | $7.3M |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Sold out | 6,000,000 | $5.9Mbefore exit |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 4,250,000 | $5.4Mbefore exit |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | Reduce -66.1% | 5,000,000 | $4.9M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Sold out | 70,000 | $4.3Mbefore exit |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | Sold out | 3,500,000 | $3.9Mbefore exit |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 3,076,000 | $3.7Mbefore exit |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | New | 6,000,000 | $3.5M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Sold out | 68,750 | $3.4Mbefore exit |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 3,500,000 | $3.3M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 3,457,000 | $3.3Mbefore exit |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Reduce -77.5% | 3,952,000 | $3.0M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Sold out | 32,500 | $2.8Mbefore exit |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Sold out | 1,058,000 | $2.7Mbefore exit |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Sold out | 2,564,000 | $2.7Mbefore exit |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Sold out | 3,025,000 | $2.7Mbefore exit |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 2,529,000 | $2.5M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 2,381,000 | $2.5Mbefore exit |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | Sold out | 3,151,000 | $2.4Mbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Sold out | 58,000 | $2.4Mbefore exit |
| BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) | NOTE 8.500% 8/1 · principal | Sold out | 794,000 | $2.2Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 2,175,000 | $2.1Mbefore exit |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Sold out | 2,191,000 | $2.0Mbefore exit |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Sold out | 2,011,000 | $2.0Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 1,875,000 | $2.0Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 1,317,000 | $1.3Mbefore exit |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | Sold out | 1,320,000 | $1.3Mbefore exit |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Sold out | 27,500 | $1.3Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Sold out | 1,225,000 | $1.2Mbefore exit |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Sold out | 680,000 | $851Kbefore exit |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | Sold out | 961,000 | $699Kbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Sold out | 762,000 | $659Kbefore exit |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Sold out | 500,000 | $640Kbefore exit |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Sold out | 750,000 | $640Kbefore exit |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 604,000 | $601Kbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Sold out | 613,000 | $543Kbefore exit |
Showing the first 50 of 55.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $11.3M | ACGC, IPVVU, CTRI, ANGX, CNF |
| Q1 2026 | 39 | $113.5M | CTRI, VSAT, AVGO, INTC, AMZN |
| Q4 2025 | 39 | $123.0M | NVDA, AVGO, INTC, AFRM, TTWO |
| Q3 2025 | 60 | $219.4M | WOLF, BTDR, AMD, TLT, HPE |
| Q2 2025 | 73 | $232.3M | AVGO, RIG, CORZ, XLK, LSCC |
| Q1 2025 | 91 | $277.5M | ALGM, TXN, TLT, CRM, HYG |
| Q4 2024 | 142 | $1.1B | COP, AA, INTC, APTV, TECK |
| Q3 2024 | 762 | $1.4B | AA, SNOW, NE, XLF, EQT |
| Q2 2024 | 740 | $918.0M | QQQ, XLY, XOM, GFR, COP |
| Q1 2024 | 443 | $476.7M | CPE, XLE, GFR, EEM, XME |