Parallax Volatility Advisers, L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Parallax Volatility Advisers, L.P. reported 593 stock positions worth $3.9 billion. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Tesla (TSLA, 5.1%) and General Electric (GE, 4.0%). Compared with Q3 2024, it opened 228 new positions, sold out of 160, added to 176 and reduced 172. The biggest buy was a new position in Tesla (TSLA) and the biggest sale Nvidia (NVDA, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001521001
- Portfolio Value
- $3.9B (Q4 2024)
- SEC Filing
- 0001172661-25-001026 ↗ filed Feb 14, 2025
Holdings Value
Holdings 593 stocks · $3.9B
| NVDA Nvidia Corp. | 7.46% | 2,186,273 | $293.6M | Reduce -39.6% |
| TSLA Tesla Inc. | 5.09% | 495,327 | $200.0M | New |
| GE General Electric filed as GE AEROSPACE | 4.01% | 945,334 | $157.7M | Add +16.9% |
| CEF Sprott Physical Gold and Sil | 2.41% | 3,995,433 | $94.9M | No change |
| QQQ Invesco QQQ Trust Series 1 | 2.39% | 183,797 | $94.0M | New |
| AXP American Express Co. | 2.23% | 295,800 | $87.8M | Add +27.9% |
| ARM Arm Holdings PLC-ADR | 2.14% | 682,166 | $84.2M | New |
| IWM iShares Russell 2000 ETF | 1.98% | 352,533 | $77.9M | Add +15.2% |
| GEV GE Vernova Inc. | 1.87% | 223,689 | $73.6M | Add +132.5% |
| GM General Motors Co. | 1.79% | 1,320,605 | $70.3M | Add +163.5% |
| UNH Unitedhealth Group Inc. | 1.71% | 133,248 | $67.4M | Add +1546.9% |
| UBER Uber Technologies Inc. | 1.64% | 1,067,998 | $64.4M | Add +294.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.62% | 108,915 | $63.8M | New |
| LLY Eli Lilly & Co. | 1.44% | 73,408 | $56.7M | Add +3259.6% |
| TMUS T-Mobile US Inc. | 1.39% | 246,847 | $54.5M | Add +322.0% |
| PGR Progressive Corp. | 1.31% | 215,579 | $51.7M | Add +239.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.14% | 99,010 | $44.9M | Reduce -33.4% |
| META Meta Platforms Inc. Class A | 1.08% | 72,844 | $42.7M | Reduce -79.5% |
| XYZ Block Inc. | 1.07% | 493,663 | $42.0M | Add +129.4% |
| CI The Cigna Group | 1.05% | 149,515 | $41.3M | Add +2916.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.02% | 202,367 | $40.0M | Reduce -39.6% |
| AAPL Apple Inc. | 1.01% | 158,382 | $39.7M | New |
| COIN Coinbase Global Inc. Class A | 1.00% | 158,964 | $39.5M | Add +16.6% |
| UAL United Airlines Holdings Inc. | 0.93% | 378,513 | $36.8M | Add +396.9% |
| CAT Caterpillar Inc. | 0.91% | 98,601 | $35.8M | New |
| BA The Boeing Co. | 0.91% | 201,259 | $35.6M | Add +23.0% |
| HOOD Robinhood Markets Inc. Class A | 0.90% | 945,605 | $35.2M | Add +284.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.86% | 430,762 | $33.9M | New |
| NET Cloudflare Inc. Class A | 0.84% | 305,581 | $32.9M | Add +387.3% |
| LEN Lennar Corp. Class A | 0.82% | 236,481 | $32.2M | Add +120.1% |
| GOOG Alphabet Inc. Class C | 0.78% | 160,159 | $30.5M | Reduce -55.0% |
| XLV SS Health Care Select Sector | 0.77% | 220,067 | $30.3M | Add +22006600.0% |
| XBI SS SPDR S&P Biotech ETF | 0.72% | 316,006 | $28.5M | Add +505.1% |
| PYPL PayPal Holdings Inc. | 0.71% | 325,926 | $27.8M | Reduce -46.8% |
| ABNB Airbnb Inc. Class A | 0.70% | 209,058 | $27.5M | Add +31.7% |
| NFLX Netflix Inc. | 0.67% | 29,713 | $26.5M | New |
| JD Jd.com Inc.-ADR | 0.67% | 758,327 | $26.3M | Add +96.3% |
| TEVA Teva Pharmaceutical-SP ADR | 0.64% | 1,135,232 | $25.0M | Add +29.5% |
| USO United States Oil Fund LP | 0.62% | 322,956 | $24.4M | Add +161.1% |
| OKE Oneok Inc. | 0.62% | 241,907 | $24.3M | Add +348.3% |
| COST Costco Wholesale Corp. | 0.59% | 25,169 | $23.1M | Add +336.1% |
| DASH DoorDash Inc. Class A | 0.57% | 134,576 | $22.6M | Add +413.6% |
| KR Kroger Co. | 0.53% | 340,307 | $20.8M | Add +2.1% |
| NEM Newmont Corp. | 0.53% | 556,885 | $20.7M | Reduce -30.4% |
| LOW Lowe's Cos Inc. | 0.50% | 78,927 | $19.5M | New |
| ITB iShares U.S. Home Constructi | 0.49% | 186,772 | $19.3M | Add +162.3% |
| ABBV Abbvie Inc. | 0.47% | 105,073 | $18.7M | Add +135.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.46% | 150,009 | $18.1M | Reduce -5.3% |
| BLK BlackRock Inc. | 0.46% | 17,581 | $18.0M | New |
| BABA Alibaba Group Holding-SP ADR | 0.46% | 211,689 | $17.9M | New |
| DOCU Docusign Inc. | 0.46% | 199,227 | $17.9M | Add +95.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.45% | 151,169 | $17.8M | Add +41.0% |
| DHI D.R. Horton Inc. | 0.44% | 124,975 | $17.5M | Add +225.1% |
| CVS CVS Health Corp. | 0.44% | 383,311 | $17.2M | Add +833.6% |
| DDOG Datadog Inc. Class A | 0.44% | 120,051 | $17.2M | New |
| INTC Intel Corp. | 0.43% | 836,453 | $16.8M | Reduce -29.9% |
| BSX Boston Scientific Corp. | 0.41% | 181,812 | $16.2M | Add +14.6% |
| DAL Delta Air Lines Inc. | 0.40% | 260,114 | $15.7M | Add +357.5% |
| GILD Gilead Sciences Inc. | 0.40% | 169,101 | $15.6M | Add +207.7% |
| SMH Vaneck Semiconductor ETF | 0.39% | 62,719 | $15.2M | Reduce -24.0% |
| CRM Salesforce Inc. | 0.39% | 45,317 | $15.2M | New |
| IBIT iShares Bitcoin Trust ETF | 0.38% | 284,730 | $15.1M | Reduce -56.9% |
| PFE Pfizer Inc. | 0.38% | 565,170 | $15.0M | Add +88.9% |
| URI United Rentals Inc. | 0.38% | 21,271 | $15.0M | Reduce -10.5% |
| SMCI Super Micro Computer Inc. | 0.38% | 485,369 | $14.8M | New |
| MSFT Microsoft Corp. | 0.36% | 33,217 | $14.0M | New |
| TRGP Targa Resources Corp. | 0.36% | 78,397 | $14.0M | Add +38.2% |
| MRVL Marvell Technology Inc. | 0.35% | 125,766 | $13.9M | New |
| Z Zillow Group Inc. Class C | 0.34% | 181,839 | $13.5M | Add +184.9% |
| NOW ServiceNow Inc. | 0.34% | 12,685 | $13.4M | New |
| DELL Dell Technologies -C | 0.34% | 115,554 | $13.3M | Add +61.1% |
| KRE SS SPDR S&P Regional Bank | 0.34% | 220,063 | $13.3M | Reduce -83.6% |
| TLT iShares 20+ Year Treasury BD | 0.32% | 145,760 | $12.7M | Reduce -86.1% |
| PHM Pultegroup Inc. | 0.31% | 112,224 | $12.2M | Add +195.7% |
| TFC Truist Financial Corp. | 0.31% | 276,919 | $12.0M | Add +57.4% |
| KWEB Kranesh Csi China Internet | 0.30% | 408,804 | $12.0M | Reduce -56.2% |
| PM Philip Morris International | 0.30% | 96,619 | $11.6M | Add +7623.3% |
| ROKU Roku Inc. | 0.29% | 155,127 | $11.5M | Add +36.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.29% | 133,087 | $11.4M | Add +31.0% |
| SNOW Snowflake Inc. | 0.29% | 73,209 | $11.3M | Add +35.6% |
| AES AES Corp. | 0.28% | 849,924 | $10.9M | Add +1087.0% |
| VKTX Viking Therapeutics Inc. | 0.28% | 268,879 | $10.8M | New |
| AFL Aflac Inc. | 0.27% | 102,828 | $10.6M | Add +119.5% |
| GS Goldman Sachs Group Inc. | 0.27% | 18,418 | $10.5M | Reduce -57.1% |
| WMT Walmart Inc. | 0.27% | 116,600 | $10.5M | New |
| MCK McKesson Corp. | 0.26% | 18,190 | $10.4M | Add +330.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.25% | 28,860 | $9.9M | Reduce -83.6% |
| MDB Mongodb Inc. | 0.25% | 42,313 | $9.9M | Reduce -39.2% |
| SCHW Schwab (charles) Corp. | 0.25% | 130,757 | $9.7M | New |
| WDAY Workday Inc. Class A | 0.25% | 37,430 | $9.7M | New |
| AMGN Amgen Inc. | 0.24% | 36,022 | $9.4M | New |
| EWZ iShares MSCI Brazil ETF | 0.24% | 416,041 | $9.4M | New |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 122,440 | $9.3M | Reduce -79.6% |
| TWLO Twilio Inc. Class A | 0.23% | 84,856 | $9.2M | Reduce -2.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.23% | 13,022 | $9.0M | Reduce -58.0% |
| ANET Arista Networks Inc. | 0.23% | 80,433 | $8.9M | Add +5.9% |
| NRG NRG Energy Inc. | 0.22% | 96,953 | $8.7M | New |
| SBUX Starbucks Corp. | 0.22% | 95,148 | $8.7M | Add +185.9% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.22% | 70,184 | $8.6M | New |
| ADBE Adobe Inc. | 0.22% | 19,123 | $8.5M | Add +53.0% |
Options reported separately and not counted above: SPY puts ($4.3B), QQQ puts ($3.9B), QQQ calls ($1.5B), META calls ($1.3B), NVDA puts ($1.3B), IWM puts ($1.2B), TSLA puts ($1.1B), SPY calls ($1.1B), AAPL puts ($998.2M), META puts ($730.4M), NVDA calls ($548.2M), COIN puts ($480.6M), and 1311 more.
Other holdings (73): bonds, preferreds, convertibles and warrants · $612.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 1,069,304 | $76.7M | New |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 22,500,000 | $59.4M | Add +11.1% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 40,000,000 | $41.9M | No change |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 10,000,000 | $36.6M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 34,000,000 | $31.9M | Add +17.2% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 350,000 | $25.1M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 20,000,000 | $21.3M | Reduce -9.1% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 17,500,000 | $21.0M | Add +133.3% |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | 10,000,000 | $15.5M | No change |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 15,000,000 | $14.4M | Add +50.0% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 15,000,000 | $14.0M | Reduce -40.0% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 10,000,000 | $13.1M | No change |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 6,090,000 | $12.4M | No change |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 12,000,000 | $11.9M | No change |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 12,500,000 | $11.6M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 9,621,000 | $10.6M | New |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 7,000,000 | $10.2M | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 6,000,000 | $9.6M | No change |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 10,500,000 | $9.5M | Add +16.7% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 12,000,000 | $9.2M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 9,000,000 | $9.2M | Reduce -24.4% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 10,000,000 | $8.4M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 10,000,000 | $8.2M | Add +11.1% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 7,930,000 | $8.0M | Add +310.9% |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | 8,000,000 | $7.9M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 8,000,000 | $7.7M | Reduce -42.9% |
| ENPHASE ENERGY INC (ENPH 0.25 03/01/25) | NOTE 0.250% 3/0 · principal | 7,500,000 | $7.6M | Reduce -40.0% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 8,000,000 | $7.3M | No change |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 7,000,000 | $6.6M | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 6,500,000 | $6.4M | Add +30.0% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 5,500,000 | $6.3M | No change |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 7,000,000 | $6.3M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 5,000,000 | $5.8M | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 6,000,000 | $5.8M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 4,200,000 | $5.7M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 5,000,000 | $5.1M | No change |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 5,000,000 | $5.0M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 5,000,000 | $4.9M | New |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 5,000,000 | $4.2M | Reduce -9.1% |
| SUNRUN INC (RUN 0 02/01/26) | NOTE 2/0 · principal | 4,500,000 | $4.1M | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 4,100,000 | $3.7M | No change |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 3,000,000 | $2.9M | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 3,000,000 | $2.8M | Reduce -40.0% |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 3,000,000 | $2.8M | Reduce -40.0% |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 15,400,000 | $2.3M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 29,428 | $2.1M | Reduce -71.8% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 2,000,000 | $1.9M | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 500,000 | $1.3M | Reduce -90.0% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 1,000,000 | $893K | Reduce -84.6% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 5,000 | $885K | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 800,000 | $868K | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 1,000,000 | $818K | Reduce -50.0% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 26,549 | $731K | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 500,000 | $444K | Reduce -83.3% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 415,000 | $407K | Reduce -89.4% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 5,898 | $370K | Reduce -75.3% |
| BROOKDALE SENIOR LIVING (BKD 7 11/15/25) | UNIT 11/15/2025 | 72,000 | $362K | Reduce -25.8% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 98,850 | $213K | Reduce -9.2% |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 1,684,024 | $91K | Reduce -22.2% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 989 | $60K | New |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 50,000 | $18K | New |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | 143,759 | $17K | Add +160.9% |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 98,429 | $12K | New |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 50,000 | $12K | Reduce -28.6% |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 50,000 | $8K | No change |
| BSIIW Black Spade Acquisition -30 | *W EXP 02/15/202 | 16,666 | $8K | New |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 50,000 | $7K | Reduce -41.8% |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 50,000 | $7K | Reduce -71.0% |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 27,921 | $6K | New |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 50,774 | $5K | Reduce -51.1% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 25,000 | $3K | Reduce -66.7% |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 19,900 | $3K | No change |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | 20,000 | $2K | No change |
Total filed on the 13F, all lines: $4.5B.
Portfolio Sells Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Reduce -39.6% | 7.46% | −5.77 |
| META Meta Platforms Inc. Class A | Reduce -79.5% | 1.08% | −5.04 |
| TLT iShares 20+ Year Treasury BD | Reduce -86.1% | 0.32% | −2.77 |
| KRE SS SPDR S&P Regional Bank | Reduce -83.6% | 0.34% | −1.95 |
| GOOGL Alphabet Inc. Class A | Reduce -93.4% | 0.11% | −1.67 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −1.62 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -83.6% | 0.25% | −1.23 |
| GOOG Alphabet Inc. Class C | Reduce -55.0% | 0.78% | −1.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -33.4% | 1.14% | −0.92 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.80 |
| NEM Newmont Corp. | Reduce -30.4% | 0.53% | −0.76 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -39.6% | 1.02% | −0.74 |
| PYPL PayPal Holdings Inc. | Reduce -46.8% | 0.71% | −0.73 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.70 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.69 |
| KWEB Kranesh Csi China Internet | Reduce -56.2% | 0.30% | −0.65 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -58.0% | 0.23% | −0.55 |
| TT Trane Technologies PLC | Reduce -98.9% | 0.00% | −0.52 |
| XLB SS Materials Select Sector | Reduce -100.0% | 0.00% | −0.47 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.46 |
| XLE SS Energy Select Sector | Reduce -100.0% | 0.00% | −0.44 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.44 |
| PLTR Palantir Technologies Inc. Class A | Reduce -79.6% | 0.24% | −0.44 |
| INTC Intel Corp. | Reduce -29.9% | 0.43% | −0.42 |
| JPM JPMorgan Chase & Co. | Reduce -96.9% | 0.01% | −0.40 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.40 |
| XLI SS Industrial Select Sector | Reduce -70.0% | 0.13% | −0.40 |
| SLB SLB Ltd. | Reduce -89.4% | 0.04% | −0.39 |
| ORCL Oracle Corp. | Reduce -100.0% | 0.00% | −0.39 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.38 |
| GS Goldman Sachs Group Inc. | Reduce -57.1% | 0.27% | −0.37 |
| ISRG Intuitive Surgical Inc. | Reduce -78.3% | 0.09% | −0.36 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.35 |
| IBIT iShares Bitcoin Trust ETF | Reduce -56.9% | 0.38% | −0.33 |
| USB US Bancorp | Reduce -55.8% | 0.20% | −0.32 |
| MDB Mongodb Inc. | Reduce -39.2% | 0.25% | −0.32 |
| AFRM Affirm Holdings Inc. | Reduce -90.2% | 0.04% | −0.31 |
| DIS The Walt Disney Co. | Reduce -75.8% | 0.09% | −0.28 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.24 |
| DE Deere & Co. | Reduce -100.0% | 0.00% | −0.24 |
| RL Ralph Lauren Corp. | Reduce -92.2% | 0.02% | −0.23 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.23 |
| CHTR Charter Communications Inc. Class A | Reduce -83.2% | 0.04% | −0.23 |
| BILI Bilibili Inc.-Sponsored ADR | Reduce -41.9% | 0.14% | −0.23 |
| SMH Vaneck Semiconductor ETF | Reduce -24.0% | 0.39% | −0.22 |
| BNY Bank of New York Mellon Corp. | Reduce -100.0% | 0.00% | −0.21 |
| HAL Halliburton Co. | Reduce -85.1% | 0.03% | −0.20 |
| URI United Rentals Inc. | Reduce -10.5% | 0.38% | −0.20 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.20 |
| MMM 3M Co. | Reduce -51.0% | 0.12% | −0.19 |
Portfolio Buys Q3 2024 → Q4 2024
| TSLA Tesla Inc. | New | 5.09% | +5.09 |
| QQQ Invesco QQQ Trust Series 1 | New | 2.39% | +2.39 |
| ARM Arm Holdings PLC-ADR | New | 2.14% | +2.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 1.62% | +1.62 |
| UNH Unitedhealth Group Inc. | Add +1546.9% | 1.71% | +1.57 |
| LLY Eli Lilly & Co. | Add +3259.6% | 1.44% | +1.38 |
| GEV GE Vernova Inc. | Add +132.5% | 1.87% | +1.13 |
| GM General Motors Co. | Add +163.5% | 1.79% | +1.11 |
| UBER Uber Technologies Inc. | Add +294.3% | 1.64% | +1.02 |
| TMUS T-Mobile US Inc. | Add +322.0% | 1.39% | +1.02 |
| AAPL Apple Inc. | New | 1.01% | +1.01 |
| CI The Cigna Group | Add +2916.8% | 1.05% | +1.00 |
| CAT Caterpillar Inc. | New | 0.91% | +0.91 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.86% | +0.86 |
| PGR Progressive Corp. | Add +239.6% | 1.31% | +0.83 |
| UAL United Airlines Holdings Inc. | Add +396.9% | 0.93% | +0.80 |
| XLV SS Health Care Select Sector | Add +22006600.0% | 0.77% | +0.77 |
| HOOD Robinhood Markets Inc. Class A | Add +284.1% | 0.90% | +0.72 |
| NET Cloudflare Inc. Class A | Add +387.3% | 0.84% | +0.68 |
| NFLX Netflix Inc. | New | 0.67% | +0.67 |
| XYZ Block Inc. | Add +129.4% | 1.07% | +0.63 |
| XBI SS SPDR S&P Biotech ETF | Add +505.1% | 0.72% | +0.57 |
| LOW Lowe's Cos Inc. | New | 0.50% | +0.50 |
| OKE Oneok Inc. | Add +348.3% | 0.62% | +0.47 |
| DASH DoorDash Inc. Class A | Add +413.6% | 0.57% | +0.46 |
| BLK BlackRock Inc. | New | 0.46% | +0.46 |
| BABA Alibaba Group Holding-SP ADR | New | 0.46% | +0.46 |
| DDOG Datadog Inc. Class A | New | 0.44% | +0.44 |
| COST Costco Wholesale Corp. | Add +336.1% | 0.59% | +0.43 |
| CRM Salesforce Inc. | New | 0.39% | +0.39 |
| SMCI Super Micro Computer Inc. | New | 0.38% | +0.38 |
| CVS CVS Health Corp. | Add +833.6% | 0.44% | +0.36 |
| USO United States Oil Fund LP | Add +161.1% | 0.62% | +0.36 |
| MSFT Microsoft Corp. | New | 0.36% | +0.36 |
| MRVL Marvell Technology Inc. | New | 0.35% | +0.35 |
| AXP American Express Co. | Add +27.9% | 2.23% | +0.34 |
| NOW ServiceNow Inc. | New | 0.34% | +0.34 |
| DAL Delta Air Lines Inc. | Add +357.5% | 0.40% | +0.31 |
| PM Philip Morris International | Add +7623.3% | 0.30% | +0.29 |
| VKTX Viking Therapeutics Inc. | New | 0.28% | +0.28 |
| COIN Coinbase Global Inc. Class A | Add +16.6% | 1.00% | +0.27 |
| WMT Walmart Inc. | New | 0.27% | +0.27 |
| DOCU Docusign Inc. | Add +95.3% | 0.46% | +0.26 |
| GILD Gilead Sciences Inc. | Add +207.7% | 0.40% | +0.26 |
| SCHW Schwab (charles) Corp. | New | 0.25% | +0.25 |
| WDAY Workday Inc. Class A | New | 0.25% | +0.25 |
| AMGN Amgen Inc. | New | 0.24% | +0.24 |
| EWZ iShares MSCI Brazil ETF | New | 0.24% | +0.24 |
| AES AES Corp. | Add +1087.0% | 0.28% | +0.23 |
| DHI D.R. Horton Inc. | Add +225.1% | 0.44% | +0.22 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -45.4% | 7,365,200 | $4.3B |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -17.5% | 7,569,700 | $3.9B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +6.8% | 2,863,800 | $1.5B |
| META Meta Platforms Inc. Class A | call | Add +27.8% | 2,195,100 | $1.3B |
| NVDA Nvidia Corp. | put | Reduce -3.6% | 9,559,400 | $1.3B |
| IWM iShares Russell 2000 ETF | put | Reduce -33.0% | 5,249,200 | $1.2B |
| TSLA Tesla Inc. | put | Add +52.3% | 2,691,400 | $1.1B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +106.7% | 1,812,200 | $1.1B |
| AAPL Apple Inc. | put | Add +50.9% | 3,986,200 | $998.2M |
| META Meta Platforms Inc. Class A | put | Add +16.2% | 1,247,400 | $730.4M |
| NVDA Nvidia Corp. | call | Add +25.4% | 4,082,300 | $548.2M |
| COIN Coinbase Global Inc. Class A | put | Add +7.8% | 1,935,600 | $480.6M |
| AAPL Apple Inc. | call | Reduce -27.8% | 1,808,800 | $453.0M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -12.1% | 2,197,600 | $434.0M |
| GLD SPDR Gold Shares | call | Reduce -42.9% | 1,690,800 | $409.4M |
| NFLX Netflix Inc. | put | Add +14.1% | 454,800 | $405.4M |
| XLF SS Financial Select Sector | call | Reduce -13.2% | 7,857,100 | $379.7M |
| TSLA Tesla Inc. | call | Reduce -5.2% | 911,300 | $368.0M |
| PANW Palo Alto Networks Inc. | put | Add +2.8% | 1,986,000 | $361.4M |
| MSFT Microsoft Corp. | put | Add +38.4% | 839,800 | $354.0M |
| AVGO Broadcom Inc. | put | Add +33.7% | 1,510,100 | $350.1M |
| BRK.B Berkshire Hathaway Inc. Class B | call | Add +2.3% | 716,600 | $324.8M |
| KRE SS SPDR S&P Regional Bank | put | Reduce -31.4% | 5,082,500 | $306.7M |
| C Citigroup Inc. | call | Add +12.3% | 4,338,800 | $305.4M |
| JPM JPMorgan Chase & Co. | call | Reduce -21.6% | 1,252,000 | $300.1M |
| XLF SS Financial Select Sector | put | Reduce -34.4% | 6,163,900 | $297.9M |
| JPM JPMorgan Chase & Co. | put | Reduce -7.2% | 1,229,200 | $294.7M |
| APO Apollo Global Management Inc. | call | Add +54.0% | 1,781,700 | $294.3M |
| SPOT Spotify Technology SA | put | Add +32.0% | 637,600 | $285.2M |
| WFC Wells Fargo & Co. | call | Add +67.3% | 3,896,700 | $273.7M |
| RCL Royal Caribbean Cruises Ltd. | put | Add +0.1% | 1,179,600 | $272.1M |
| BAC Bank of America Corp. | put | Reduce -9.4% | 6,083,400 | $267.4M |
| IWM iShares Russell 2000 ETF | call | Reduce -70.3% | 1,197,700 | $264.6M |
| MSTR Strategy Inc. | put | Reduce -16.6% | 890,800 | $258.0M |
| UAL United Airlines Holdings Inc. | put | Reduce -8.0% | 2,650,500 | $257.4M |
| GOOGL Alphabet Inc. Class A | put | Reduce -9.3% | 1,266,500 | $239.7M |
| AXP American Express Co. | call | Add +14.8% | 782,900 | $232.4M |
| AMD Advanced Micro Devices | put | Add +81.7% | 1,906,500 | $230.3M |
| ORCL Oracle Corp. | put | Add +5.3% | 1,379,100 | $229.8M |
| UBER Uber Technologies Inc. | put | Add +43.9% | 3,682,300 | $222.1M |
| BAC Bank of America Corp. | call | Reduce -18.0% | 5,053,500 | $222.1M |
| EEM iShares MSCI Emerging Market | put | Reduce -3.0% | 5,252,100 | $219.6M |
| C Citigroup Inc. | put | Add +8.6% | 3,112,300 | $219.1M |
| XYZ Block Inc. | put | Add +207.0% | 2,568,600 | $218.3M |
| V Visa Inc. Class A | call | Reduce -30.3% | 689,800 | $218.0M |
| GOOGL Alphabet Inc. Class A | call | Add +1.7% | 1,129,600 | $213.8M |
| LLY Eli Lilly & Co. | put | Add +482.6% | 261,600 | $202.0M |
| MS Morgan Stanley | put | Reduce -28.2% | 1,558,000 | $195.9M |
| WFC Wells Fargo & Co. | put | Add +5.1% | 2,786,900 | $195.8M |
| AMZN Amazon.com Inc. | call | Add +206.1% | 828,300 | $181.7M |
Showing the first 50 of 1,330.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | New | 1,069,304 | $76.7M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Add +11.1% | 22,500,000 | $59.4M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +17.2% | 34,000,000 | $31.9M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | New | 350,000 | $25.1M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -9.1% | 20,000,000 | $21.3M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +133.3% | 17,500,000 | $21.0M |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | Sold out | 7,000,000 | $14.6Mbefore exit |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Add +50.0% | 15,000,000 | $14.4M |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | Reduce -40.0% | 15,000,000 | $14.0M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 9,621,000 | $10.6M |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Add +16.7% | 10,500,000 | $9.5M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -24.4% | 9,000,000 | $9.2M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +11.1% | 10,000,000 | $8.2M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Add +310.9% | 7,930,000 | $8.0M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -42.9% | 8,000,000 | $7.7M |
| ENPHASE ENERGY INC (ENPH 0.25 03/01/25) | NOTE 0.250% 3/0 · principal | Reduce -40.0% | 7,500,000 | $7.6M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Add +30.0% | 6,500,000 | $6.4M |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | Sold out | 6,000,000 | $5.9Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | New | 4,200,000 | $5.7M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | New | 5,000,000 | $4.9M |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | Reduce -9.1% | 5,000,000 | $4.2M |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Reduce -40.0% | 3,000,000 | $2.8M |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Reduce -40.0% | 3,000,000 | $2.8M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -71.8% | 29,428 | $2.1M |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | Sold out | 2,000,000 | $1.9Mbefore exit |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -90.0% | 500,000 | $1.3M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Reduce -84.6% | 1,000,000 | $893K |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 5,000 | $885K |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 800,000 | $868K |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -50.0% | 1,000,000 | $818K |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -83.3% | 500,000 | $444K |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | Reduce -89.4% | 415,000 | $407K |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -75.3% | 5,898 | $370K |
| BROOKDALE SENIOR LIVING (BKD 7 11/15/25) | UNIT 11/15/2025 | Reduce -25.8% | 72,000 | $362K |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Reduce -9.2% | 98,850 | $213K |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | Reduce -22.2% | 1,684,024 | $91K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 989 | $60K |
| PHYWF PHYT WS -CW | *W EXP 05/03/202 | Sold out | 414,500 | $25Kbefore exit |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | New | 50,000 | $18K |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | Add +160.9% | 143,759 | $17K |
| GHIXW Gores Holding Ix -CW24 | *W EXP 01/14/202 | Sold out | 148,275 | $13Kbefore exit |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | New | 98,429 | $12K |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | Reduce -28.6% | 50,000 | $12K |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | Sold out | 50,151 | $10Kbefore exit |
| BSIIW Black Spade Acquisition -30 | *W EXP 02/15/202 | New | 16,666 | $8K |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | Reduce -41.8% | 50,000 | $7K |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | Reduce -71.0% | 50,000 | $7K |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | New | 27,921 | $6K |
| PERCEPTION CAPITAL CORP IV | *W EXP 99/99/999 | Sold out | 99,300 | $5Kbefore exit |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | Sold out | 74,069 | $5Kbefore exit |
Showing the first 50 of 59.
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 | 508 | $2.2B | NVDA, INTC, AMAT, AMZN, MU |
| Q1 2026 | 497 | $1.8B | XLF, AAPL, BABA, XLE, NFLX |
| Q4 2025 | 474 | $2.9B | AXP, IWM, TSLA, GLD, SPY |
| Q3 2025 | 456 | $3.0B | META, GLD, NVDA, PLTR, TSLA |
| Q2 2025 | 421 | $2.0B | NVDA, ARM, NFLX, NET, GEV |
| Q1 2025 | 475 | $2.6B | NVDA, TSM, TSLA, AAPL, CEF |
| Q4 2024 | 593 | $3.9B | NVDA, TSLA, GE, CEF, QQQ |
| Q3 2024 | 525 | $3.3B | NVDA, META, GE, TLT, CEF |
| Q2 2024 | 524 | $3.4B | NVDA, GE, META, GOOGL, CRWD |
| Q1 2024 | 496 | $3.0B | NVDA, META, TLT, ARM, IEF |