Parallax Volatility Advisers, L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Parallax Volatility Advisers, L.P. reported 474 stock positions worth $2.9 billion. Its top holding was American Express (AXP) at 9.5% of the portfolio, followed by iShares Russell 2000 ETF (IWM, 5.4%) and Tesla (TSLA, 5.1%). Compared with Q3 2025, it opened 165 new positions, sold out of 148, added to 136 and reduced 149. The biggest buy was a new position in American Express (AXP) and the biggest sale an exit from Meta Platforms Class A (META).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001521001
- Portfolio Value
- $2.9B (Q4 2025)
- SEC Filing
- 0001172661-26-001067 ↗ filed Feb 17, 2026
Holdings Value
Holdings 474 stocks · $2.9B
| AXP American Express Co. | 9.49% | 733,883 | $271.5M | New |
| IWM iShares Russell 2000 ETF | 5.39% | 625,766 | $154.0M | New |
| TSLA Tesla Inc. | 5.06% | 321,611 | $144.6M | Add +30.1% |
| GLD SPDR Gold Shares | 4.68% | 337,377 | $133.7M | Reduce -38.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.21% | 134,473 | $91.7M | New |
| GE General Electric filed as GE AEROSPACE | 2.93% | 271,716 | $83.7M | Add +31.5% |
| PLTR Palantir Technologies Inc. Class A | 2.49% | 401,108 | $71.3M | Reduce -35.1% |
| MS Morgan Stanley | 2.34% | 376,397 | $66.8M | Add +128.3% |
| AVGO Broadcom Inc. | 2.08% | 171,818 | $59.5M | Add +145.7% |
| WFC Wells Fargo & Co. | 1.80% | 553,377 | $51.6M | Add +43.2% |
| NET Cloudflare Inc. Class A | 1.74% | 252,397 | $49.8M | Reduce -31.5% |
| BABA Alibaba Group Holding-SP ADR | 1.73% | 337,770 | $49.5M | Add +637.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.61% | 98,359 | $46.1M | Add +5.0% |
| GEV GE Vernova Inc. | 1.61% | 70,328 | $46.0M | Reduce -8.7% |
| C Citigroup Inc. | 1.29% | 315,393 | $36.8M | Reduce -18.4% |
| CMG Chipotle Mexican Grill Inc. | 1.04% | 801,739 | $29.7M | New |
| DDOG Datadog Inc. Class A | 1.03% | 215,814 | $29.3M | Add +95.4% |
| ORCL Oracle Corp. | 0.86% | 125,989 | $24.6M | Add +22.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.82% | 77,052 | $23.4M | Reduce -36.4% |
| SNOW Snowflake Inc. | 0.81% | 105,773 | $23.2M | Reduce -23.9% |
| ARM Arm Holdings PLC-ADR | 0.80% | 210,570 | $23.0M | Add +72.7% |
| PDD PDD Holdings Inc. | 0.75% | 187,904 | $21.3M | New |
| TWLO Twilio Inc. Class A | 0.70% | 140,919 | $20.0M | Reduce -9.4% |
| SHOP Shopify Inc. Class A | 0.68% | 120,421 | $19.4M | Add +2.1% |
| VST Vistra Corp. | 0.68% | 120,021 | $19.4M | Add +1099.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.65% | 63,088 | $18.7M | Add +1730.8% |
| NFLX Netflix Inc. | 0.59% | 180,574 | $16.9M | Reduce -59.5% |
| WDC Western Digital Corp. | 0.59% | 97,217 | $16.7M | Add +162.5% |
| CAT Caterpillar Inc. | 0.58% | 29,177 | $16.7M | New |
| JPM JPMorgan Chase & Co. | 0.58% | 51,775 | $16.7M | Reduce -23.2% |
| COF Capital One Financial Corp. | 0.58% | 68,020 | $16.5M | Add +3085.9% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.58% | 204,395 | $16.5M | New |
| DAL Delta Air Lines Inc. | 0.56% | 231,783 | $16.1M | Reduce -44.7% |
| SCHW Schwab (charles) Corp. | 0.56% | 160,692 | $16.1M | Add +7.6% |
| XLE SS Energy Select Sector | 0.54% | 342,489 | $15.3M | Add +17124350.0% |
| NEE Nextera Energy Inc. | 0.50% | 177,663 | $14.3M | Add +404.4% |
| GM General Motors Co. | 0.50% | 174,557 | $14.2M | Reduce -49.5% |
| FXI iShares China Large-Cap ETF | 0.49% | 366,168 | $14.0M | Add +81.9% |
| AAL American Airlines Group Inc. | 0.48% | 902,114 | $13.8M | Reduce -46.0% |
| UBER Uber Technologies Inc. | 0.47% | 165,504 | $13.5M | New |
| NEM Newmont Corp. | 0.47% | 135,291 | $13.5M | New |
| ETHA iShares Ethereum Trust ETF | 0.47% | 599,615 | $13.4M | New |
| PANW Palo Alto Networks Inc. | 0.47% | 72,963 | $13.4M | Add +1274.6% |
| VRT Vertiv Holdings Co. Class A | 0.47% | 82,850 | $13.4M | New |
| CSCO Cisco Systems Inc. | 0.46% | 171,162 | $13.2M | New |
| STT State Street Corp. | 0.45% | 99,859 | $12.9M | Add +263.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 232,225 | $12.8M | Reduce -65.6% |
| HOOD Robinhood Markets Inc. Class A | 0.44% | 112,398 | $12.7M | Add +61.2% |
| WMT Walmart Inc. | 0.43% | 109,821 | $12.2M | Add +88.1% |
| JBL Jabil Inc. | 0.42% | 52,186 | $11.9M | Add +8.5% |
| MDB Mongodb Inc. | 0.41% | 27,850 | $11.7M | Reduce -35.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.41% | 126,498 | $11.6M | Add +30.9% |
| CEG Constellation Energy | 0.40% | 32,476 | $11.5M | Add +27.0% |
| TFC Truist Financial Corp. | 0.40% | 232,705 | $11.5M | Add +2095.7% |
| NRG NRG Energy Inc. | 0.39% | 70,273 | $11.2M | Add +14.6% |
| GLW Corning Inc. | 0.38% | 122,589 | $10.7M | Add +7.3% |
| UAL United Airlines Holdings Inc. | 0.37% | 95,292 | $10.7M | Reduce -51.5% |
| JNJ Johnson & Johnson | 0.36% | 49,958 | $10.3M | New |
| LUV Southwest Airlines Co. | 0.36% | 246,168 | $10.2M | Add +185.5% |
| EXE Expand Energy Corp. | 0.34% | 88,095 | $9.7M | Add +369.9% |
| TLT iShares 20+ Year Treasury BD | 0.34% | 110,931 | $9.7M | Reduce -57.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.33% | 223,683 | $9.5M | Add +11184050.0% |
| CRWV Coreweave Inc. Class A | 0.33% | 131,308 | $9.4M | Add +337.7% |
| AMD Advanced Micro Devices | 0.32% | 42,801 | $9.2M | Reduce -59.3% |
| RBLX Roblox Corp. Class A | 0.32% | 112,896 | $9.1M | Add +78.6% |
| ROKU Roku Inc. | 0.32% | 83,653 | $9.1M | Reduce -35.2% |
| PEP Pepsico Inc. | 0.31% | 62,421 | $9.0M | Add +29.7% |
| SNDK Sandisk Corp. | 0.31% | 37,670 | $8.9M | Add +445.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 57,699 | $8.9M | Reduce -4.5% |
| DASH DoorDash Inc. Class A | 0.28% | 35,453 | $8.0M | Add +0.5% |
| CVX Chevron Corp. | 0.28% | 51,622 | $7.9M | Add +179.3% |
| BSX Boston Scientific Corp. | 0.27% | 82,132 | $7.8M | Add +48.9% |
| NKE Nike Inc. Class B | 0.27% | 120,925 | $7.7M | Reduce -60.3% |
| STX Seagate Technology Holdings | 0.27% | 27,658 | $7.6M | Reduce -55.4% |
| HD Home Depot Inc. | 0.26% | 21,458 | $7.4M | Add +110.0% |
| CORZ Core Scientific Inc. | 0.26% | 506,803 | $7.4M | New |
| SMCI Super Micro Computer Inc. | 0.26% | 250,000 | $7.3M | Reduce -5.0% |
| LLY Eli Lilly & Co. | 0.25% | 6,705 | $7.2M | New |
| BLK BlackRock Inc. | 0.25% | 6,652 | $7.1M | Reduce -10.5% |
| SBUX Starbucks Corp. | 0.25% | 84,519 | $7.1M | Reduce -3.2% |
| ICE Intercontinental Exchange Inc. | 0.25% | 43,471 | $7.0M | Add +43.4% |
| XLV SS Health Care Select Sector | 0.24% | 44,693 | $6.9M | Reduce -5.8% |
| FDX FedEx Corp. | 0.24% | 23,763 | $6.9M | Add +193.3% |
| Z Zillow Group Inc. Class C | 0.24% | 100,000 | $6.8M | Reduce -44.1% |
| LIN Linde PLC | 0.24% | 15,958 | $6.8M | Add +704.3% |
| UAA Under Armour Inc. Class A | 0.24% | 1,367,014 | $6.8M | Add +9.0% |
| IBKR Interactive Brokers Gro Class A | 0.23% | 103,072 | $6.6M | Add +4.0% |
| RY Royal Bank of Canada | 0.23% | 37,821 | $6.4M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.22% | 56,051 | $6.4M | Reduce -46.3% |
| DE Deere & Co. | 0.22% | 13,585 | $6.3M | Add +42.3% |
| PNC PNC Financial Services Group | 0.22% | 30,236 | $6.3M | Add +257.4% |
| INTU Intuit Inc. | 0.21% | 9,231 | $6.1M | Reduce -64.2% |
| MESHU Meshflow Acquisition Corp. | 0.21% | 607,969 | $6.1M | New |
| NCLH Norwegian Cruise Line Holdin | 0.21% | 272,336 | $6.1M | Add +3.6% |
| MSTR Strategy Inc. | 0.21% | 39,735 | $6.0M | New |
| IGAC Invest Green Acquisitio Class A | 0.21% | 613,057 | $6.0M | New |
| EA Electronic Arts Inc. | 0.21% | 29,514 | $6.0M | Reduce -1.4% |
| AEM Agnico Eagle Mines Ltd. | 0.20% | 34,345 | $5.8M | Reduce -28.6% |
| OKTA Okta Inc. | 0.20% | 66,755 | $5.8M | Reduce -1.3% |
| RSP Invesco S&P 500 Equal Weight | 0.20% | 29,365 | $5.6M | New |
| PLD Prologis Inc. | 0.19% | 43,015 | $5.5M | Add +235.8% |
| COR Cencora Inc. | 0.19% | 15,914 | $5.4M | Add +31.9% |
| HLF Herbalife Ltd. | 0.19% | 411,894 | $5.3M | Add +53.4% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.18% | 136,927 | $5.3M | Reduce -24.6% |
| EQT Eqt Corp. | 0.18% | 96,049 | $5.1M | Add +21.9% |
| ANET Arista Networks Inc. | 0.18% | 39,088 | $5.1M | Reduce -14.7% |
| APA Apa Corp. | 0.18% | 206,394 | $5.0M | Add +29.1% |
| BIXI Bitcoin Infrastructure Class A | 0.17% | 504,816 | $5.0M | New |
| COHR Coherent Corp. | 0.17% | 26,852 | $5.0M | Add +49.0% |
| LMND Lemonade Inc. | 0.17% | 68,727 | $4.9M | Add +16.5% |
| AEO American Eagle Outfitters | 0.17% | 183,013 | $4.8M | Add +14.4% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.16% | 58,770 | $4.6M | Add +34.5% |
| IBIT iShares Bitcoin Trust ETF | 0.16% | 93,057 | $4.6M | Add +66.2% |
| SVAQU Silicon Valley Acquisition C | 0.16% | 451,500 | $4.5M | New |
| MRK Merck & Co. Inc. | 0.15% | 41,697 | $4.4M | New |
| TMUS T-Mobile US Inc. | 0.15% | 21,602 | $4.4M | Add +15.1% |
| AGG iShares Core U.S. Aggregate | 0.15% | 43,651 | $4.4M | No change |
| BTDR Bitdeer Technologies Group-A | 0.15% | 386,217 | $4.3M | Add +120.7% |
| NDAQ Nasdaq Inc. | 0.15% | 43,312 | $4.2M | Add +108.3% |
| KKR KKR & Co. Inc. | 0.15% | 32,689 | $4.2M | Add +233.3% |
| XLB SS Materials Select Sector | 0.15% | 91,713 | $4.2M | Add +787.5% |
| ZS Zscaler Inc. | 0.14% | 18,301 | $4.1M | Reduce -76.8% |
| RKT Rocket Cos Inc. Class A | 0.14% | 212,158 | $4.1M | Add +27.4% |
| APH Amphenol Corp. Class A | 0.14% | 30,042 | $4.1M | Reduce -46.4% |
| JETS US Global Jets ETF | 0.14% | 144,573 | $4.1M | Add +14457200.0% |
| RDDT Reddit Inc. Class A | 0.14% | 17,064 | $3.9M | New |
| ETN Eaton Corp. PLC | 0.14% | 12,298 | $3.9M | New |
| OXY Occidental Petroleum Corp. | 0.14% | 94,449 | $3.9M | New |
| AU Anglogold Ashanti PLC | 0.13% | 45,195 | $3.9M | New |
| NBIS Nebius Group NV | 0.13% | 46,029 | $3.9M | Add +68.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.13% | 3,540 | $3.8M | Add +4.6% |
| KO The Coca-Cola Co. | 0.13% | 53,846 | $3.8M | Add +314.8% |
| TEVA Teva Pharmaceutical-SP ADR | 0.13% | 117,708 | $3.7M | Add +124.5% |
| OMF Onemain Holdings Inc. | 0.13% | 53,174 | $3.6M | Add +106.0% |
| COP Conocophillips | 0.12% | 38,097 | $3.6M | New |
| ALUB.U Alussa Energy Acquisition Co. | 0.12% | 350,000 | $3.5M | New |
| SE Sea Ltd.-ADR | 0.12% | 27,609 | $3.5M | Add +724.9% |
| HCACU Hall Chadwick Acquisition Co. | 0.12% | 350,300 | $3.5M | New |
| CFG Citizens Financial Group | 0.12% | 59,382 | $3.5M | Add +154.3% |
| VLO Valero Energy Corp. | 0.12% | 21,244 | $3.5M | Reduce -55.9% |
| PG The Procter & Gamble Co. | 0.12% | 23,939 | $3.4M | New |
| TWLVU Twelve Seas Investment Co. II | 0.12% | 344,433 | $3.4M | New |
| AA Alcoa Corp. | 0.12% | 64,479 | $3.4M | New |
| OKE Oneok Inc. | 0.12% | 46,520 | $3.4M | Add +66.2% |
| EVOX Evolution Global Acquis Class A | 0.12% | 337,180 | $3.3M | New |
| DOCN Digitalocean Holdings Inc. | 0.12% | 68,671 | $3.3M | Add +352.9% |
| AG First Majestic Silver Corp. | 0.11% | 197,209 | $3.3M | New |
| W Wayfair Inc. Class A | 0.11% | 32,291 | $3.2M | Reduce -27.0% |
| ASO Academy Sports & Outdoors Inc. | 0.11% | 64,726 | $3.2M | Reduce -14.7% |
| WIX Wix.com Ltd. | 0.11% | 31,090 | $3.2M | Add +268.4% |
| LVS Las Vegas Sands Corp. | 0.11% | 48,929 | $3.2M | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.11% | 242,010 | $3.2M | New |
| CBRL Cracker Barrel Old Country | 0.11% | 125,000 | $3.2M | Add +400.0% |
| PBI Pitney Bowes Inc. | 0.11% | 300,000 | $3.2M | No change |
| CELH Celsius Holdings Inc. | 0.11% | 69,077 | $3.2M | Reduce -9.7% |
| WYNN WYNN Resorts Ltd. | 0.11% | 26,099 | $3.1M | Reduce -68.1% |
| AEP American Electric Power | 0.11% | 26,877 | $3.1M | Add +14.3% |
| WULF Terawulf Inc. | 0.11% | 269,651 | $3.1M | Reduce -83.9% |
| LAFA Lafayette Acquisition Corp. | 0.11% | 310,371 | $3.1M | New |
| MU Micron Technology Inc. | 0.11% | 10,695 | $3.1M | Reduce -89.4% |
| DJT Trump Media & Technology Gro | 0.11% | 229,364 | $3.0M | New |
| MOS The Mosaic Co. | 0.11% | 125,367 | $3.0M | New |
| KR Kroger Co. | 0.10% | 48,038 | $3.0M | Reduce -82.1% |
| DNMX Dynamix Corp. III Class A | 0.10% | 298,768 | $3.0M | New |
| ALAB Astera Labs Inc. | 0.10% | 17,643 | $2.9M | New |
| CRM Salesforce Inc. | 0.10% | 10,987 | $2.9M | Reduce -58.0% |
| EOG EOG Resources Inc. | 0.10% | 27,683 | $2.9M | New |
| MRVL Marvell Technology Inc. | 0.10% | 33,982 | $2.9M | Reduce -57.8% |
| GPN Global Payments Inc. | 0.10% | 36,880 | $2.9M | Reduce -2.0% |
| RF Regions Financial Corp. | 0.10% | 103,717 | $2.8M | Reduce -28.4% |
| HAL Halliburton Co. | 0.10% | 98,564 | $2.8M | Add +87.5% |
| CLS Celestica Inc. | 0.10% | 9,352 | $2.8M | Reduce -60.1% |
| AI C3.AI Inc. Class A | 0.10% | 204,200 | $2.8M | New |
| CVE Cenovus Energy Inc. | 0.09% | 159,856 | $2.7M | New |
| ROST Ross Stores Inc. | 0.09% | 14,862 | $2.7M | Add +55.8% |
| KWEB Kranesh Csi China Internet | 0.09% | 77,949 | $2.7M | New |
| KHC The Kraft Heinz Co. | 0.09% | 109,073 | $2.6M | Reduce -34.6% |
| USB US Bancorp | 0.09% | 49,545 | $2.6M | Add +642.5% |
| XIFR XPLR Infrastructure LP | 0.09% | 259,807 | $2.6M | Add +3.8% |
| AES AES Corp. | 0.09% | 180,478 | $2.6M | Reduce -15.9% |
| CRCL Circle Internet Group Inc. | 0.09% | 32,328 | $2.6M | New |
| SHEL Shell PLC-ADR | 0.09% | 34,719 | $2.6M | Reduce -45.5% |
| ETSY Etsy Inc. | 0.09% | 44,676 | $2.5M | Reduce -73.8% |
| FTNT Fortinet Inc. | 0.09% | 31,116 | $2.5M | Add +68.0% |
| AEAQU Activate Energy Acquisition | 0.08% | 240,448 | $2.4M | New |
| CENX Century Aluminum Company | 0.08% | 61,314 | $2.4M | Add +54.8% |
| DUK Duke Energy Corp. | 0.08% | 20,277 | $2.4M | Reduce -21.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.08% | 45,426 | $2.3M | Add +189.0% |
| MAR Marriott International Class A | 0.08% | 7,401 | $2.3M | Add +155.9% |
| IBB iShares Biotechnology ETF | 0.08% | 13,526 | $2.3M | New |
| LNC Lincoln National Corp. | 0.08% | 50,749 | $2.3M | Add +46.0% |
| ISRG Intuitive Surgical Inc. | 0.08% | 3,952 | $2.2M | Add +197500.0% |
| CAR Avis Budget Group Inc. | 0.08% | 17,153 | $2.2M | New |
| TIGR Up Fintech Holding Ltd. - ADR | 0.08% | 230,216 | $2.2M | Reduce -26.5% |
| DHR Danaher Corp. | 0.08% | 9,383 | $2.1M | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.07% | 132,340 | $2.1M | Add +16.1% |
| B Barrick Mining Corp. | 0.07% | 45,897 | $2.0M | Reduce -35.0% |
| AFRM Affirm Holdings Inc. | 0.07% | 26,571 | $2.0M | Reduce -70.2% |
| AIIA AI Infrastructure Ac-A | 0.07% | 198,799 | $2.0M | New |
| HUBS HubSpot Inc. | 0.07% | 4,907 | $2.0M | New |
| MDT Medtronic PLC | 0.07% | 20,387 | $2.0M | Add +38.4% |
| LYFT LYFT Inc. Class A | 0.07% | 101,056 | $2.0M | Reduce -74.5% |
| EXC Exelon Corp. | 0.07% | 44,045 | $1.9M | Add +8.5% |
| MPC Marathon Petroleum Corp. | 0.07% | 11,797 | $1.9M | Add +3280.2% |
| BOX Box Inc. Class A | 0.06% | 61,780 | $1.8M | Add +5.5% |
| PWR Quanta Services Inc. | 0.06% | 4,342 | $1.8M | Add +54175.0% |
| TTWO Take-Two Interactive Softwre | 0.06% | 7,147 | $1.8M | New |
| MGA Magna International Inc. | 0.06% | 34,212 | $1.8M | New |
| RUN Sunrun Inc. | 0.06% | 96,663 | $1.8M | Add +223.9% |
| CI The Cigna Group | 0.06% | 6,430 | $1.8M | Reduce -92.7% |
| QBTS D-Wave Quantum Inc. | 0.06% | 66,686 | $1.7M | Reduce -9.6% |
| ROK Rockwell Automation Inc. | 0.06% | 4,468 | $1.7M | Reduce -4.9% |
| BP BP PLC-Spons ADR | 0.06% | 48,942 | $1.7M | Add +225.1% |
| ABBV Abbvie Inc. | 0.06% | 7,435 | $1.7M | Reduce -53.8% |
| XOP SS SPDR S&P Og Exp & Prod | 0.06% | 13,376 | $1.7M | Add +1337500.0% |
| GDX Vaneck Gold Miners ETF | 0.06% | 19,690 | $1.7M | Reduce -83.8% |
| CTSH Cognizant Tech Solutions-A | 0.06% | 20,243 | $1.7M | New |
| U Unity Software Inc. | 0.06% | 37,628 | $1.7M | Reduce -64.5% |
| XRT SS SPDR S&P Retail ETF | 0.06% | 19,361 | $1.7M | Reduce -31.8% |
| EWZ iShares MSCI Brazil ETF | 0.06% | 49,676 | $1.6M | New |
| ENPH Enphase Energy Inc. | 0.06% | 49,237 | $1.6M | Add +650.9% |
| ABT Abbott Laboratories | 0.05% | 12,444 | $1.6M | Reduce -64.4% |
| KLAC KLA Corp. | 0.05% | 1,281 | $1.6M | Reduce -6.6% |
| FNV Franco-Nevada Corp. | 0.05% | 7,500 | $1.6M | Reduce -22.1% |
| SOCAU Solarius Capital Acquisition | 0.05% | 150,000 | $1.5M | New |
| WENN Wen Acquisition Corp. Class A | 0.05% | 152,038 | $1.5M | New |
| GPACU General Purpose Acquisition | 0.05% | 153,185 | $1.5M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 3,050 | $1.5M | Reduce -17.1% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.05% | 19,331 | $1.5M | Add +41.4% |
| SNAP Snap Inc. Class A | 0.05% | 185,063 | $1.5M | Reduce -57.3% |
| GTLB Gitlab Inc. Class A | 0.05% | 39,739 | $1.5M | Add +1.4% |
| NWAX.U New America Acquisition I Co. | 0.05% | 143,071 | $1.5M | New |
| STZ Constellation Brands Inc. Class A | 0.05% | 10,724 | $1.5M | Reduce -80.4% |
| SMTC Semtech Corp. | 0.05% | 20,000 | $1.5M | Reduce -15.7% |
| T AT&T Inc. | 0.05% | 57,643 | $1.4M | Reduce -71.1% |
| SNPS Synopsys Inc. | 0.05% | 3,022 | $1.4M | New |
| TRIP Tripadvisor Inc. | 0.05% | 96,679 | $1.4M | Reduce -0.1% |
| UNFI United Natural Foods Inc. | 0.05% | 40,000 | $1.3M | No change |
| XLP SS Consumer Staples Sel Sect | 0.05% | 16,965 | $1.3M | Add +1696400.0% |
| FHN First Horizon Corp. | 0.05% | 54,718 | $1.3M | Add +18.5% |
| BTI British American Tob-SP ADR | 0.04% | 22,134 | $1.3M | Reduce -8.1% |
| UEC Uranium Energy Corp. | 0.04% | 107,108 | $1.3M | New |
| EQIX Equinix Inc. | 0.04% | 1,632 | $1.3M | New |
| DOCU Docusign Inc. | 0.04% | 18,046 | $1.2M | Reduce -74.3% |
| BHP BHP Group Ltd.-Spon ADR | 0.04% | 20,316 | $1.2M | Add +39.9% |
| ADSK Autodesk Inc. | 0.04% | 4,133 | $1.2M | Reduce -66.7% |
| ZBH Zimmer Biomet Holdings Inc. | 0.04% | 13,551 | $1.2M | Add +55.5% |
| GEHC GE Healthcare Technology | 0.04% | 14,785 | $1.2M | Add +484.4% |
| BKR Baker Hughes Co. | 0.04% | 26,119 | $1.2M | Reduce -37.1% |
| OPEN Opendoor Technologies Inc. | 0.04% | 202,301 | $1.2M | Add +440.9% |
| NOW ServiceNow Inc. | 0.04% | 7,638 | $1.2M | New |
| WELL Welltower Inc. | 0.04% | 6,247 | $1.2M | New |
| DINO HF Sinclair Corp. | 0.04% | 24,917 | $1.1M | Add +43.5% |
| KBONU Karbon Capital Partners Corp. | 0.04% | 113,478 | $1.1M | New |
| SMR Nuscale Power Corp. | 0.04% | 80,326 | $1.1M | Add +3725.1% |
| ALLY Ally Financial Inc. | 0.04% | 24,803 | $1.1M | Add +113.1% |
| LATAU Galata Acquisition Corp. II | 0.04% | 108,534 | $1.1M | New |
| NBR Nabors Industries Ltd. | 0.04% | 20,000 | $1.1M | Add +11.2% |
| OZK Bank Ozk | 0.04% | 23,290 | $1.1M | New |
| CRH CRH PLC | 0.04% | 8,568 | $1.1M | New |
| TER Teradyne Inc. | 0.04% | 5,478 | $1.1M | Add +79.5% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.04% | 16,389 | $1.0M | New |
| Q Qnity Electronics Inc. | 0.04% | 12,821 | $1.0M | Add +101.9% |
| ARES Ares Management Corp. Class A | 0.04% | 6,459 | $1.0M | New |
| PAYC Paycom Software Inc. | 0.04% | 6,509 | $1.0M | Add +381.1% |
| ZTS Zoetis Inc. | 0.04% | 8,231 | $1.0M | New |
| UPWK Upwork Inc. | 0.04% | 51,900 | $1.0M | Add +1.3% |
| SOUL Soulpower Acquisition Co. Class A | 0.04% | 100,033 | $1.0M | New |
| XRX Xerox Holdings Corp. | 0.04% | 427,572 | $1.0M | Reduce -53.2% |
| CRANU Crane Harbor Acquisition Cor | 0.04% | 100,000 | $1.0M | New |
| VHCPU Vine Hill Capital Investment | 0.04% | 100,394 | $1.0M | New |
| SOCA Solarius Capital Acquis Class A | 0.04% | 100,000 | $1.0M | New |
| CG The Carlyle Group Inc. | 0.04% | 16,977 | $1.0M | New |
| BTBT Bit Digital Inc. | 0.03% | 515,289 | $974K | Reduce -23.1% |
| COIN Coinbase Global Inc. Class A | 0.03% | 4,233 | $957K | New |
| LRCX Lam Research Corp. | 0.03% | 5,523 | $945K | New |
| AR Antero Resources Corp. | 0.03% | 26,841 | $925K | New |
| EBAY eBay Inc. | 0.03% | 10,399 | $906K | Reduce -52.0% |
| CNC Centene Corp. | 0.03% | 21,923 | $902K | Add +1.2% |
| SAC.U Safeguard Acquisition Corp. | 0.03% | 88,617 | $894K | New |
| DMIIU Drugs Made in America Acquis | 0.03% | 89,079 | $892K | Reduce -76.0% |
| MRNA Moderna Inc. | 0.03% | 30,213 | $891K | Reduce -71.5% |
| MGNI Magnite Inc. | 0.03% | 54,658 | $887K | Reduce -58.2% |
| LLYVK Liberty Live Holdings Class C | 0.03% | 10,038 | $835K | No change |
| CRON Cronos Group Inc. | 0.03% | 316,745 | $833K | Reduce -12.2% |
| BKH Black Hills Corp. | 0.03% | 11,937 | $829K | New |
| ACMR Acm Research Inc. Class A | 0.03% | 20,937 | $826K | Reduce -12.1% |
| EAT Brinker International Inc. | 0.03% | 5,692 | $817K | Add +54.6% |
| GEO The Geo Group Inc. | 0.03% | 50,000 | $806K | Add +150.0% |
| DB Deutsche Bank AG-Registered | 0.03% | 20,500 | $790K | Reduce -25.3% |
| ABR Arbor Realty Trust Inc. | 0.03% | 100,418 | $779K | Add +0.1% |
| EDU New Oriental Educatio-SP ADR | 0.03% | 13,844 | $762K | New |
| NWL Newell Brands Inc. | 0.03% | 200,000 | $744K | New |
| MSOS Advisorshares Pure US Cann | 0.02% | 150,001 | $708K | Reduce -58.0% |
| BBWI Bath & Body Works Inc. | 0.02% | 35,131 | $705K | New |
| SLV iShares Silver Trust | 0.02% | 10,329 | $665K | New |
| KEY Keycorp | 0.02% | 31,437 | $649K | New |
| TMO Thermo Fisher Scientific Inc. | 0.02% | 1,116 | $647K | New |
| BGS B&G Foods Inc. | 0.02% | 150,000 | $645K | No change |
| OHI Omega Healthcare Investors | 0.02% | 14,336 | $636K | New |
| NNE Nano Nuclear Energy Inc. | 0.02% | 26,400 | $634K | Add +627.3% |
| ARKG ARK Genomic Revolution ETF | 0.02% | 21,069 | $610K | Reduce -9.4% |
| KBE SS SPDR S&P Bank ETF | 0.02% | 9,956 | $604K | Add +995500.0% |
| LEU Centrus Energy Corp. Class A | 0.02% | 2,460 | $597K | Reduce -66.5% |
| LOW Lowe's Cos Inc. | 0.02% | 2,472 | $596K | Add +46.8% |
| BBY Best Buy Co. Inc. | 0.02% | 8,619 | $577K | New |
| CPNG Coupang Inc. | 0.02% | 24,454 | $577K | Reduce -71.0% |
| SPGI S&P Global Inc. | 0.02% | 1,087 | $568K | Add +2.9% |
| AGNC AGNC Investment Corp. | 0.02% | 52,972 | $568K | Add +51.3% |
| NTNX Nutanix Inc. Class A | 0.02% | 10,919 | $564K | Reduce -56.5% |
| FXE Invesco Currencyshares Euro | 0.02% | 5,180 | $562K | No change |
| XP XP Inc. Class A | 0.02% | 34,126 | $559K | New |
| ELV Elevance Health Inc. | 0.02% | 1,576 | $552K | New |
| ASHR Xtrackers Harvest Csi 300 CH | 0.02% | 16,759 | $551K | Add +9.9% |
| RITM Rithm Capital Corp. | 0.02% | 50,000 | $545K | No change |
| XLI SS Industrial Select Sector | 0.02% | 3,482 | $540K | Reduce -84.5% |
| UGA United States Gas Fund LP | 0.02% | 8,411 | $519K | No change |
| CHPG Championsgate Acquisitio-A | 0.02% | 49,967 | $509K | New |
| KCHV Kochav Defense Acquisition-A | 0.02% | 50,000 | $507K | Reduce -91.5% |
| TSCO Tractor Supply Company | 0.02% | 10,109 | $506K | New |
| CVS CVS Health Corp. | 0.02% | 6,309 | $501K | Reduce -97.0% |
| HCI Hci Group Inc. | 0.02% | 2,599 | $498K | New |
| INACU Indigo Acquisition Corp. | 0.02% | 48,823 | $498K | Reduce -8.9% |
| BEBE.U Tge Value Creative Solutions | 0.02% | 50,000 | $497K | New |
| CLMT Calumet Inc. | 0.02% | 25,000 | $497K | New |
| LPCVU Launchpad Cadenza Acquisitio | 0.02% | 49,496 | $494K | New |
| CEPF Cantor Equity Partners Class A | 0.02% | 47,240 | $486K | Reduce -40.8% |
| JBLU Jetblue Airways Corp. | 0.02% | 105,964 | $482K | Add +11.6% |
| FROG Jfrog Ltd. | 0.02% | 7,684 | $480K | New |
| FOXA Fox Corp. Class A | 0.02% | 6,450 | $471K | Add +17.5% |
| BILI Bilibili Inc.-Sponsored ADR | 0.02% | 18,844 | $463K | New |
| MCGA Yorkville Acquisition Corp. Class A | 0.02% | 45,522 | $461K | New |
| ALGM Allegro Microsystems Inc. | 0.02% | 17,291 | $456K | Reduce -34.3% |
| FIVN FIVE9 Inc. | 0.02% | 22,583 | $453K | New |
| GPRE Green Plains Inc. | 0.02% | 45,291 | $444K | Reduce -7.3% |
| UUUU Energy Fuels Inc. | 0.01% | 29,327 | $426K | Reduce -82.1% |
| BBIO Bridgebio Pharma Inc. | 0.01% | 5,538 | $424K | Add +21.1% |
| GS Goldman Sachs Group Inc. | 0.01% | 476 | $418K | Reduce -98.9% |
| JKS Jinkosolar Holding Co.-ADR | 0.01% | 16,201 | $418K | Reduce -53.9% |
| SOUN Soundhound AI Inc. Class A | 0.01% | 39,920 | $398K | New |
| SU Suncor Energy Inc. | 0.01% | 8,886 | $394K | New |
| BIIB Biogen Inc. | 0.01% | 2,237 | $394K | New |
| FIG Figma Inc. Class A | 0.01% | 10,472 | $391K | New |
| PBF PBF Energy Inc. Class A | 0.01% | 13,722 | $372K | Reduce -8.6% |
| NXPI NXP Semiconductors NV | 0.01% | 1,705 | $370K | Add +24.3% |
| RPRX Royalty Pharma PLC Class A | 0.01% | 9,509 | $367K | New |
| CZR Caesars Entertainment Inc. | 0.01% | 15,703 | $367K | Reduce -47.7% |
| PSX Phillips 66 | 0.01% | 2,835 | $366K | New |
| PRCH Porch Group Inc. | 0.01% | 40,000 | $365K | New |
| MNST Monster Beverage Corp. | 0.01% | 4,724 | $362K | New |
| ITB iShares U.S. Home Constructi | 0.01% | 3,658 | $352K | Add +365700.0% |
| JD Jd.com Inc.-ADR | 0.01% | 12,030 | $345K | Reduce -92.2% |
| DUOL Duolingo | 0.01% | 1,967 | $345K | Reduce -29.6% |
| ANF Abercrombie & Fitch Co. Class A | 0.01% | 2,741 | $345K | New |
| BITF Bitfarms Ltd./Canada | 0.01% | 146,319 | $344K | Reduce -74.3% |
| NUE Nucor Corp. | 0.01% | 2,088 | $341K | New |
| ACN Accenture PLC Class A | 0.01% | 1,256 | $337K | New |
| O Realty Income Corp. | 0.01% | 5,900 | $333K | Reduce -31.0% |
| BB Blackberry Ltd. | 0.01% | 87,067 | $330K | New |
| INSM Insmed Inc. | 0.01% | 1,890 | $329K | Reduce -83.0% |
| HIMX Himax Technologies Inc.-ADR | 0.01% | 39,624 | $325K | Reduce -5.4% |
| SBXE.U Silverbox Corp. V | 0.01% | 31,540 | $318K | New |
| VGT Vanguard Info Tech ETF | 0.01% | 422 | $318K | New |
| GIS General Mills Inc. | 0.01% | 6,837 | $318K | Reduce -93.5% |
| RTACU Renatus Tactical Acquisition | 0.01% | 28,528 | $316K | Reduce -22.3% |
| BWXT BWX Technologies Inc. | 0.01% | 1,790 | $309K | Reduce -95.8% |
| IAU iShares Gold Trust | 0.01% | 3,750 | $304K | No change |
| BULL Webull Corp. | 0.01% | 36,342 | $282K | New |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.01% | 2,409 | $280K | New |
| NVTS Navitas Semiconductor Corp. | 0.01% | 38,398 | $274K | Add +26.1% |
| SHW The Sherwin-Williams Co. | 0.01% | 846 | $274K | Reduce -97.0% |
| EWA iShares MSCI Australia ETF | 0.01% | 10,333 | $271K | New |
| MRSH Marsh & McLennan Cos | 0.01% | 1,444 | $268K | New |
| DAVE Dave Inc. | 0.01% | 1,181 | $261K | New |
| EWS iShares MSCI Singapore ETF | 0.01% | 9,466 | $260K | New |
| URI United Rentals Inc. | 0.01% | 320 | $259K | New |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.01% | 6,936 | $251K | Reduce -91.1% |
| LFACU Leapfrog Acquisition Corp. | 0.01% | 25,000 | $250K | New |
| GRAB Grab Holdings Ltd. Class A | 0.01% | 49,665 | $248K | Reduce -56.0% |
| REGN Regeneron Pharmaceuticals | 0.01% | 321 | $248K | New |
| CAH Cardinal Health Inc. | 0.01% | 1,203 | $247K | New |
| IVZ Invesco Ltd. | 0.01% | 9,342 | $245K | Add +4.0% |
| CAVA Cava Group Inc. | 0.01% | 4,142 | $243K | Reduce -87.6% |
| OKLO Oklo Inc. | 0.01% | 3,384 | $243K | New |
| DBA Invesco DB Agriculture Fund | 0.01% | 9,103 | $232K | No change |
| DNMXU Dynamix Corp. III | 0.01% | 22,500 | $226K | New |
| ZTO Zto Express Cayman Inc.-ADR | 0.01% | 10,606 | $222K | New |
| FAST Fastenal Co. | 0.01% | 5,483 | $220K | New |
| TH Target Hospitality Corp. | 0.01% | 26,843 | $215K | Add +7.5% |
| HSY The Hershey Co. | 0.01% | 1,157 | $211K | Reduce -76.6% |
| STLD Steel Dynamics Inc. | 0.01% | 1,232 | $209K | New |
| HBAN Huntington Bancshares Inc. | 0.01% | 11,712 | $203K | Reduce -86.8% |
| IR Ingersoll-Rand Inc. | 0.01% | 2,556 | $202K | New |
| MKC McCormick & Co.-Non VTG SHRS | 0.01% | 2,963 | $202K | Reduce -51.1% |
| IGACU Invest Green Acquisition Cor | 0.01% | 20,000 | $201K | New |
| EWH iShares MSCI Hong Kong ETF | 0.01% | 9,428 | $200K | New |
| HUM Humana Inc. | 0.01% | 775 | $199K | Reduce -95.1% |
| FMC FMC Corp. | 0.01% | 13,955 | $194K | New |
| CYTK Cytokinetics Inc. | 0.01% | 3,039 | $193K | Add +4.5% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.01% | 1,829 | $192K | New |
| PCAR Paccar Inc. | 0.01% | 1,699 | $186K | New |
| ENB Enbridge Inc. | 0.01% | 3,756 | $180K | Reduce -85.5% |
| PHIN Phinia Inc. | 0.01% | 2,738 | $172K | New |
| EU Encore Energy Corp. | 0.01% | 68,008 | $169K | Reduce -3.3% |
| PMTRU Perimeter Acquisition Corp. I | 0.01% | 15,478 | $164K | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.01% | 1,250 | $162K | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.01% | 2,326 | $156K | Reduce -71.6% |
| QS Quantumscape Corp. | 0.01% | 14,556 | $152K | Add +25.6% |
| VFC VF Corp. | 0.01% | 8,211 | $148K | New |
| KOYNU CSLM Digital Asset Acquisiti | 0.00% | 13,102 | $133K | New |
| NNDM Nano Dimension Ltd. - ADR | 0.00% | 83,884 | $129K | Add +17.9% |
| DXCM Dexcom Inc. | 0.00% | 1,914 | $127K | Reduce -93.5% |
| EME Emcor Group Inc. | 0.00% | 188 | $115K | New |
| BEAG Bold Eagle Acquisition Cor-A | 0.00% | 10,400 | $110K | Reduce -79.2% |
| WTI W&T Offshore Inc. | 0.00% | 66,739 | $109K | New |
| KRSP.U Rice Acquisition Corp. 3 | 0.00% | 10,000 | $105K | New |
| SOC Sable Offshore Corp. | 0.00% | 10,975 | $99K | Reduce -91.9% |
| ADP Automatic Data Processing | 0.00% | 374 | $96K | Reduce -86.7% |
| ORBS Eightco Holdings Inc. | 0.00% | 50,721 | $88K | New |
| CSIQ Canadian Solar Inc. | 0.00% | 3,591 | $85K | New |
| CDNS Cadence Design SYS Inc. | 0.00% | 259 | $81K | Reduce -80.3% |
| UNIT Uniti Group Inc. | 0.00% | 10,037 | $70K | Reduce -84.4% |
| LW Lamb Weston Holdings Inc. | 0.00% | 1,627 | $68K | Reduce -97.6% |
| CLSK Cleanspark Inc. | 0.00% | 6,672 | $68K | New |
| NEXT Nextdecade Corp. | 0.00% | 11,861 | $63K | Reduce -36.7% |
| MO Altria Group Inc. | 0.00% | 1,062 | $61K | Reduce -99.3% |
| QSR Restaurant Brands Intern | 0.00% | 780 | $53K | Reduce -67.3% |
| FANG Diamondback Energy Inc. | 0.00% | 341 | $51K | Add +16950.0% |
| VOD Vodafone Group PLC-SP ADR | 0.00% | 3,826 | $51K | Reduce -80.0% |
| MAT Mattel Inc. | 0.00% | 2,466 | $49K | Reduce -95.8% |
| AMC AMC Entertainment HLDS Class A | 0.00% | 28,748 | $45K | No change |
| KVUE Kenvue Inc. | 0.00% | 2,539 | $44K | Reduce -97.2% |
| GILD Gilead Sciences Inc. | 0.00% | 351 | $43K | Reduce -97.7% |
| DQ Daqo New Energy Corp.-ADR | 0.00% | 1,458 | $43K | New |
| STLA Stellantis NV | 0.00% | 3,866 | $42K | New |
| BORR Borr Drilling Ltd. | 0.00% | 10,000 | $40K | New |
| ENVX Enovix Corp. | 0.00% | 5,159 | $38K | Reduce -90.1% |
| PENN Penn Entertainment Inc. | 0.00% | 2,520 | $37K | New |
| WOLF Wolfspeed Inc. | 0.00% | 2,014 | $35K | New |
| STWD Starwood Property Trust Inc. | 0.00% | 1,895 | $34K | Reduce -64.3% |
| IQ Iqiyi Inc.-ADR | 0.00% | 17,241 | $33K | Add +193.9% |
| ED Consolidated Edison Inc. | 0.00% | 274 | $27K | New |
| GAP The Gap Inc. | 0.00% | 990 | $25K | New |
| UMC United Microelectron-SP ADR | 0.00% | 2,550 | $20K | Reduce -60.9% |
| NFE New Fortress Energy Inc. | 0.00% | 13,947 | $16K | New |
| SABR Sabre Corp. | 0.00% | 10,084 | $14K | New |
| ECL Ecolab Inc. | 0.00% | 40 | $11K | New |
| BYND Beyond Meat Inc. | 0.00% | 9,589 | $8K | New |
| CTVA Corteva Inc. | 0.00% | 107 | $7K | New |
| MMM 3M Co. | 0.00% | 31 | $5K | Reduce -94.5% |
| AMZN Amazon.com Inc. | 0.00% | 16 | $4K | Reduce -100.0% |
| VZ Verizon Communications Inc. | 0.00% | 51 | $2K | New |
| SRPT Sarepta Therapeutics Inc. | 0.00% | 85 | $2K | No change |
| COST Costco Wholesale Corp. | 0.00% | 2 | $2K | Reduce -99.9% |
| APP AppLovin Corp. Class A | 0.00% | 2 | $1K | No change |
| AMGN Amgen Inc. | 0.00% | 2 | $655 | Reduce -100.0% |
| HON Honeywell International Inc. | 0.00% | 2 | $390 | Reduce -100.0% |
| CSX CSX Corp. | 0.00% | 8 | $290 | No change |
| WBD Warner Bros Discovery Inc. | 0.00% | 10 | $288 | No change |
| ABNB Airbnb Inc. Class A | 0.00% | 2 | $271 | Reduce -100.0% |
| XLY SS Consumer Disc Select Sect | 0.00% | 2 | $239 | No change |
| PYPL PayPal Holdings Inc. | 0.00% | 4 | $234 | Reduce -100.0% |
| CSGP Costar Group Inc. | 0.00% | 2 | $134 | No change |
| EMR Emerson Electric Co. | 0.00% | 1 | $133 | New |
| XBI SS SPDR S&P Biotech ETF | 0.00% | 1 | $122 | Reduce -100.0% |
| XME SS SPDR S&P Metals Mining | 0.00% | 1 | $104 | No change |
| XHB SS SPDR S&P Homebldrs ETF | 0.00% | 1 | $103 | New |
| IYR iShares US Real Estate ETF | 0.00% | 1 | $94 | No change |
| KRE SS SPDR S&P Regional Bank | 0.00% | 1 | $65 | No change |
| XLF SS Financial Select Sector | 0.00% | 1 | $55 | No change |
| URNM Sprott Uranium Miners ETF | 0.00% | 1 | $55 | New |
| URA Global X Uranium ETF | 0.00% | 1 | $43 | No change |
| BKLN Invesco Senior Loan ETF | 0.00% | 1 | $21 | No change |
| ICLN iShares Global Clean Energy | 0.00% | 1 | $16 | New |
Options reported separately and not counted above: SPY puts ($8.9B), QQQ puts ($2.3B), QQQ calls ($1.9B), SPY calls ($1.9B), IWM puts ($1.2B), TSLA puts ($1.1B), XLF calls ($964.0M), NVDA puts ($779.9M), XLF puts ($621.7M), META calls ($613.5M), AAPL puts ($588.0M), META puts ($575.0M), and 1016 more.
Other holdings (103): bonds, preferreds, convertibles and warrants · $352.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 40,000,000 | $39.9M | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 16,908,000 | $25.6M | Add +6.1% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 20,000,000 | $22.7M | No change |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 20,950,000 | $20.6M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 20,000,000 | $19.8M | Reduce -20.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 16,457,000 | $19.2M | Add +20.9% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 18,000,000 | $17.9M | Add +7.3% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 10,000,000 | $11.9M | No change |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 5,500,000 | $11.2M | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 6,500,000 | $10.9M | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 10,000,000 | $10.8M | No change |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 13,000,000 | $10.6M | New |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 10,500,000 | $10.1M | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 10,000,000 | $9.8M | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 10,000,000 | $9.7M | Add +25.0% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 10,000,000 | $8.9M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 7,500,000 | $8.2M | New |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 5,000,000 | $7.7M | Reduce -44.4% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 7,500,000 | $7.7M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 5,250,000 | $7.6M | No change |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 5,000,000 | $6.1M | No change |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 6,250,000 | $6.1M | No change |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 6,000,000 | $6.0M | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 5,000,000 | $4.7M | No change |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 5,000,000 | $4.7M | No change |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 5,000,000 | $4.2M | New |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 4,000,000 | $3.9M | Reduce -33.3% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 4,000,000 | $3.6M | Reduce -46.1% |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | 3,000,000 | $3.3M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 3,000,000 | $3.0M | No change |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 3,000,000 | $2.9M | No change |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 47,565 | $2.6M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 2,500,000 | $2.5M | Reduce -50.0% |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 2,500,000 | $2.3M | No change |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 2,000,000 | $1.9M | No change |
| SPEGR Silver Pegasus Acquisition C | RIGHT 06/26/2030 | 893,301 | $241K | Add +98.2% |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 956,090 | $239K | Add +64.2% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 83,850 | $225K | No change |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 828,679 | $199K | Add +8.5% |
| APXTW Apex Treasury Corp. -30 | *W EXP 10/07/203 | 573,116 | $159K | New |
| IGACR Invest Green Acquisition-RTS | RIGHT 11/17/2030 | 796,800 | $151K | New |
| AI INFRASTRUCTURE ACQUISITIO | RIGHT 99/99/9999 | 539,787 | $140K | New |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 183,502 | $135K | Add +144.7% |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 | 439,715 | $123K | New |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | 42,929 | $105K | Add +20.1% |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 116,060 | $103K | Add +44.7% |
| OTGAW Otg Acquisition Corp. I - 30 | *W EXP 09/05/203 | 317,408 | $102K | Add +79.6% |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | 278,058 | $97K | Add +68.7% |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 275,982 | $89K | Reduce -22.9% |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 230,555 | $85K | Add +592.4% |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 315,694 | $73K | Add +320.9% |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | 151,750 | $62K | New |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 150,000 | $60K | Reduce -17.1% |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 160,735 | $59K | Reduce -35.0% |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 293,600 | $59K | Reduce -48.1% |
| DNMXW Dynamix Corp. III | *W EXP 10/10/203 | 168,999 | $58K | New |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | 99,650 | $55K | Add +269.9% |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 280,777 | $49K | Add +172.5% |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 175,198 | $49K | Add +15.2% |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 150,756 | $48K | Reduce -48.2% |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | 283,255 | $46K | New |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | 93,033 | $45K | Add +231.5% |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 108,000 | $43K | Reduce -21.7% |
| MKLYR McKinley Acquisition Corp. | RIGHT 07/25/2030 | 325,951 | $42K | Add +295.1% |
| DYORW Insight Digital Partners II | *W EXP 10/28/203 | 121,756 | $40K | New |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 103,221 | $38K | New |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 84,333 | $38K | Reduce -37.1% |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 117,511 | $36K | Add +36.3% |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 71,909 | $34K | Reduce -51.0% |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 838,222 | $32K | Reduce -0.8% |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 100,000 | $31K | Reduce -33.3% |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 70,991 | $29K | Add +36.5% |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | 88,200 | $28K | New |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 49,796 | $27K | Reduce -59.8% |
| MCGAW Yorkville Acquisition - 30 | *W EXP 06/06/203 | 49,564 | $25K | Add +240.2% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 27,300 | $25K | Reduce -86.3% |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | 100,000 | $23K | Reduce -59.4% |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 95,398 | $23K | Reduce -52.3% |
| APADR A Paradise Acquisition Corp. | RIGHT 07/29/2025 | 91,196 | $23K | New |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 50,000 | $23K | New |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 78,848 | $22K | Add +36.8% |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 60,459 | $21K | Reduce -55.1% |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 30,000 | $21K | Reduce -67.7% |
| CRACR Crown Reserve Acquisitio-RTS | RIGHT 10/06/2030 | 100,000 | $21K | New |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 41,773 | $18K | Reduce -27.4% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 30,000 | $17K | Reduce -40.0% |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 97,544 | $16K | Reduce -75.2% |
| GFUZW Spring Valley Acq Co. -30 | *W EXP 09/04/203 | 23,901 | $15K | Reduce -28.2% |
| LAFAR Lafayette Acquisition Corp. | RIGHT 10/24/2030 | 109,558 | $15K | New |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 83,173 | $14K | New |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 21,950 | $11K | Add +119.5% |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 34,600 | $11K | Reduce -75.8% |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 15,000 | $11K | No change |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 17,692 | $10K | New |
| GIWWR GIGCAPITAL8 Corp.-RTS | RIGHT 09/30/2030 | 31,697 | $10K | New |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 40,600 | $9K | Reduce -75.0% |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | 13,394 | $8K | Reduce -46.4% |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 35,000 | $7K | No change |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 25,159 | $7K | New |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 10,000 | $5K | New |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 41,241 | $3K | Reduce -43.1% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 15,835 | $2K | Reduce -56.4% |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 52,510 | $1K | Reduce -25.0% |
Total filed on the 13F, all lines: $3.2B.
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −7.06 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −4.53 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −2.15 |
| GLD SPDR Gold Shares | Reduce -38.4% | 4.68% | −1.88 |
| AMZN Amazon.com Inc. | Reduce -100.0% | 0.00% | −1.48 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.43 |
| PLTR Palantir Technologies Inc. Class A | Reduce -35.1% | 2.49% | −1.30 |
| NFLX Netflix Inc. | Reduce -59.5% | 0.59% | −1.21 |
| BA The Boeing Co. | Sold out | 0.00% | −1.18 |
| GS Goldman Sachs Group Inc. | Reduce -98.9% | 0.01% | −1.13 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.08 |
| NET Cloudflare Inc. Class A | Reduce -31.5% | 1.74% | −0.92 |
| CI The Cigna Group | Reduce -92.7% | 0.06% | −0.79 |
| BAC Bank of America Corp. | Reduce -65.6% | 0.45% | −0.73 |
| XBI SS SPDR S&P Biotech ETF | Reduce -100.0% | 0.00% | −0.66 |
| ZS Zscaler Inc. | Reduce -76.8% | 0.14% | −0.65 |
| WULF Terawulf Inc. | Reduce -83.9% | 0.11% | −0.54 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.54 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.53 |
| CVS CVS Health Corp. | Reduce -97.0% | 0.02% | −0.52 |
| SOXX iShares Semiconductor ETF | Sold out | 0.00% | −0.51 |
| KR Kroger Co. | Reduce -82.1% | 0.10% | −0.50 |
| MU Micron Technology Inc. | Reduce -89.4% | 0.11% | −0.46 |
| TLT iShares 20+ Year Treasury BD | Reduce -57.7% | 0.34% | −0.45 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.45 |
| NKE Nike Inc. Class B | Reduce -60.3% | 0.27% | −0.45 |
| ABNB Airbnb Inc. Class A | Reduce -100.0% | 0.00% | −0.44 |
| INTC Intel Corp. | Sold out | 0.00% | −0.43 |
| PYPL PayPal Holdings Inc. | Reduce -100.0% | 0.00% | −0.41 |
| INTU Intuit Inc. | Reduce -64.2% | 0.21% | −0.38 |
| MO Altria Group Inc. | Reduce -99.3% | 0.00% | −0.36 |
| MARA Mara Holdings Inc. | Sold out | 0.00% | −0.36 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.36 |
| SHW The Sherwin-Williams Co. | Reduce -97.0% | 0.01% | −0.32 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -36.4% | 0.82% | −0.32 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.29 |
| ETSY Etsy Inc. | Reduce -73.8% | 0.09% | −0.29 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.28 |
| UAL United Airlines Holdings Inc. | Reduce -51.5% | 0.37% | −0.27 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.26 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.26 |
| BWXT BWX Technologies Inc. | Reduce -95.8% | 0.01% | −0.25 |
| AMD Advanced Micro Devices | Reduce -59.3% | 0.32% | −0.25 |
| GDX Vaneck Gold Miners ETF | Reduce -83.8% | 0.06% | −0.25 |
| SNOW Snowflake Inc. | Reduce -23.9% | 0.81% | −0.24 |
| WYNN WYNN Resorts Ltd. | Reduce -68.1% | 0.11% | −0.24 |
| DAL Delta Air Lines Inc. | Reduce -44.7% | 0.56% | −0.24 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −0.23 |
| STX Seagate Technology Holdings | Reduce -55.4% | 0.27% | −0.23 |
| Z Zillow Group Inc. Class C | Reduce -44.1% | 0.24% | −0.23 |
Portfolio Buys Q3 2025 → Q4 2025
| AXP American Express Co. | New | 9.49% | +9.49 |
| IWM iShares Russell 2000 ETF | New | 5.39% | +5.39 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 3.21% | +3.21 |
| BABA Alibaba Group Holding-SP ADR | Add +637.7% | 1.73% | +1.46 |
| MS Morgan Stanley | Add +128.3% | 2.34% | +1.45 |
| TSLA Tesla Inc. | Add +30.1% | 5.06% | +1.36 |
| AVGO Broadcom Inc. | Add +145.7% | 2.08% | +1.30 |
| CMG Chipotle Mexican Grill Inc. | New | 1.04% | +1.04 |
| GE General Electric | Add +31.5% | 2.93% | +0.83 |
| PDD PDD Holdings Inc. | New | 0.75% | +0.75 |
| WFC Wells Fargo & Co. | Add +43.2% | 1.80% | +0.71 |
| IBM Intl Business Machines Corp. | Add +1730.8% | 0.65% | +0.62 |
| VST Vistra Corp. | Add +1099.5% | 0.68% | +0.61 |
| CAT Caterpillar Inc. | New | 0.58% | +0.58 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.58% | +0.58 |
| COF Capital One Financial Corp. | Add +3085.9% | 0.58% | +0.56 |
| XLE SS Energy Select Sector | Add +17124350.0% | 0.54% | +0.54 |
| DDOG Datadog Inc. Class A | Add +95.4% | 1.03% | +0.50 |
| UBER Uber Technologies Inc. | New | 0.47% | +0.47 |
| NEM Newmont Corp. | New | 0.47% | +0.47 |
| ETHA iShares Ethereum Trust ETF | New | 0.47% | +0.47 |
| VRT Vertiv Holdings Co. Class A | New | 0.47% | +0.47 |
| CSCO Cisco Systems Inc. | New | 0.46% | +0.46 |
| WDC Western Digital Corp. | Add +162.5% | 0.59% | +0.44 |
| PANW Palo Alto Networks Inc. | Add +1274.6% | 0.47% | +0.43 |
| NEE Nextera Energy Inc. | Add +404.4% | 0.50% | +0.41 |
| TFC Truist Financial Corp. | Add +2095.7% | 0.40% | +0.38 |
| JNJ Johnson & Johnson | New | 0.36% | +0.36 |
| STT State Street Corp. | Add +263.1% | 0.45% | +0.34 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +11184050.0% | 0.33% | +0.33 |
| SNDK Sandisk Corp. | Add +445.3% | 0.31% | +0.29 |
| EXE Expand Energy Corp. | Add +369.9% | 0.34% | +0.27 |
| LUV Southwest Airlines Co. | Add +185.5% | 0.36% | +0.26 |
| CORZ Core Scientific Inc. | New | 0.26% | +0.26 |
| LLY Eli Lilly & Co. | New | 0.25% | +0.25 |
| RY Royal Bank of Canada | New | 0.23% | +0.23 |
| WMT Walmart Inc. | Add +88.1% | 0.43% | +0.23 |
| ARM Arm Holdings PLC-ADR | Add +72.7% | 0.80% | +0.22 |
| MESHU Meshflow Acquisition Corp. | New | 0.21% | +0.21 |
| FXI iShares China Large-Cap ETF | Add +81.9% | 0.49% | +0.21 |
| MSTR Strategy Inc. | New | 0.21% | +0.21 |
| IGAC Invest Green Acquisitio Class A | New | 0.21% | +0.21 |
| LIN Linde PLC | Add +704.3% | 0.24% | +0.21 |
| RSP Invesco S&P 500 Equal Weight | New | 0.20% | +0.20 |
| CRWV Coreweave Inc. Class A | Add +337.7% | 0.33% | +0.19 |
| CVX Chevron Corp. | Add +179.3% | 0.28% | +0.18 |
| FDX FedEx Corp. | Add +193.3% | 0.24% | +0.18 |
| BIXI Bitcoin Infrastructure Class A | New | 0.17% | +0.17 |
| PNC PNC Financial Services Group | Add +257.4% | 0.22% | +0.16 |
| AZN Astrazeneca PLC-Spons ADR | Add +30.9% | 0.41% | +0.16 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -61.2% | 13,015,600 | $8.9B |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -46.6% | 3,768,600 | $2.3B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -11.5% | 3,116,300 | $1.9B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +17.3% | 2,732,800 | $1.9B |
| IWM iShares Russell 2000 ETF | put | Reduce -38.0% | 4,864,100 | $1.2B |
| TSLA Tesla Inc. | put | Add +3.6% | 2,505,900 | $1.1B |
| XLF SS Financial Select Sector | call | Add +12.0% | 17,601,200 | $964.0M |
| NVDA Nvidia Corp. | put | Reduce -22.7% | 4,181,900 | $779.9M |
| XLF SS Financial Select Sector | put | Add +41.0% | 11,350,400 | $621.7M |
| META Meta Platforms Inc. Class A | call | Reduce -9.1% | 929,400 | $613.5M |
| AAPL Apple Inc. | put | Add +27.4% | 2,163,000 | $588.0M |
| META Meta Platforms Inc. Class A | put | Add +17.5% | 871,100 | $575.0M |
| GLD SPDR Gold Shares | put | Reduce -7.5% | 1,305,000 | $517.2M |
| NVDA Nvidia Corp. | call | Add +12.7% | 2,683,800 | $500.5M |
| AVGO Broadcom Inc. | put | Reduce -14.6% | 1,415,200 | $489.8M |
| GOOGL Alphabet Inc. Class A | put | Add +9.9% | 1,550,100 | $485.2M |
| GLD SPDR Gold Shares | call | Reduce -70.0% | 1,175,300 | $465.8M |
| TSLA Tesla Inc. | call | Add +44.4% | 779,300 | $350.5M |
| SMH Vaneck Semiconductor ETF | put | Reduce -20.9% | 860,400 | $309.9M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -28.8% | 998,000 | $303.3M |
| ORCL Oracle Corp. | put | Add +85.2% | 1,549,500 | $302.0M |
| BA The Boeing Co. | put | Reduce -3.4% | 1,374,600 | $298.5M |
| GOOGL Alphabet Inc. Class A | call | Reduce -9.1% | 925,900 | $289.8M |
| IWM iShares Russell 2000 ETF | call | Reduce -57.9% | 1,171,000 | $288.3M |
| V Visa Inc. Class A | call | Add +12.7% | 796,800 | $279.4M |
| AMZN Amazon.com Inc. | call | Add +7.3% | 1,149,800 | $265.4M |
| MSFT Microsoft Corp. | put | Add +152.7% | 543,700 | $262.9M |
| SMH Vaneck Semiconductor ETF | call | Add +54.0% | 718,700 | $258.8M |
| SLV iShares Silver Trust | call | Add +146.8% | 4,010,900 | $258.4M |
| CVNA Carvana Co. | call | Reduce -25.6% | 562,400 | $237.3M |
| AMZN Amazon.com Inc. | put | Reduce -24.7% | 1,023,200 | $236.2M |
| COIN Coinbase Global Inc. Class A | put | Reduce -0.7% | 1,014,100 | $229.3M |
| EFA iShares MSCI Eafe ETF | put | Add +274.8% | 2,327,600 | $223.5M |
| MSFT Microsoft Corp. | call | Add +4.3% | 458,700 | $221.8M |
| APO Apollo Global Management Inc. | call | Add +26.8% | 1,463,500 | $211.9M |
| MSTR Strategy Inc. | put | Add +9.0% | 1,386,900 | $210.7M |
| BABA Alibaba Group Holding-SP ADR | put | Add +32.7% | 1,341,000 | $196.6M |
| SLV iShares Silver Trust | put | Add +428.3% | 3,035,600 | $195.6M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -25.2% | 2,384,800 | $192.3M |
| AAL American Airlines Group Inc. | put | Reduce -9.8% | 12,466,200 | $191.1M |
| AAPL Apple Inc. | call | Reduce -19.3% | 680,300 | $184.9M |
| NFLX Netflix Inc. | put | Add +82.1% | 1,939,200 | $181.8M |
| UBER Uber Technologies Inc. | put | Add +22.9% | 2,201,400 | $179.9M |
| GOOG Alphabet Inc. Class C | put | Add +7.4% | 569,300 | $178.6M |
| AXP American Express Co. | put | Add +457.1% | 473,500 | $175.2M |
| EEM iShares MSCI Emerging Market | call | Add +63.5% | 3,188,800 | $174.5M |
| MU Micron Technology Inc. | put | Add +74.8% | 603,200 | $172.2M |
| XLE SS Energy Select Sector | put | Add +22.4% | 3,776,100 | $168.8M |
| JPM JPMorgan Chase & Co. | put | Add +38.1% | 510,000 | $164.3M |
| UNH Unitedhealth Group Inc. | put | Add +249.5% | 496,300 | $163.8M |
Showing the first 50 of 1,016.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Sold out | 10,000,000 | $31.4Mbefore exit |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Add +6.1% | 16,908,000 | $25.6M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -20.0% | 20,000,000 | $19.8M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Add +20.9% | 16,457,000 | $19.2M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 11,184,000 | $18.4Mbefore exit |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Add +7.3% | 18,000,000 | $17.9M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Sold out | 8,990,000 | $13.2Mbefore exit |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 13,000,000 | $10.6M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +25.0% | 10,000,000 | $9.7M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | New | 7,500,000 | $8.2M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | Reduce -44.4% | 5,000,000 | $7.7M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | New | 7,500,000 | $7.7M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Sold out | 7,000,000 | $7.5Mbefore exit |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | Sold out | 7,060,000 | $7.0Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 4,125,000 | $4.2Mbefore exit |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | New | 5,000,000 | $4.2M |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | Reduce -33.3% | 4,000,000 | $3.9M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -46.1% | 4,000,000 | $3.6M |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | New | 3,000,000 | $3.3M |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | New | 47,565 | $2.6M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -50.0% | 2,500,000 | $2.5M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Sold out | 27,844 | $2.1Mbefore exit |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | Sold out | 5,000,000 | $988Kbefore exit |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Sold out | 1,000,000 | $884Kbefore exit |
| SPEGR Silver Pegasus Acquisition C | RIGHT 06/26/2030 | Add +98.2% | 893,301 | $241K |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | Add +64.2% | 956,090 | $239K |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | Add +8.5% | 828,679 | $199K |
| APXTW Apex Treasury Corp. -30 | *W EXP 10/07/203 | New | 573,116 | $159K |
| IGACR Invest Green Acquisition-RTS | RIGHT 11/17/2030 | New | 796,800 | $151K |
| AI INFRASTRUCTURE ACQUISITIO | RIGHT 99/99/9999 | New | 539,787 | $140K |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | Add +144.7% | 183,502 | $135K |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | Sold out | 401,530 | $124Kbefore exit |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 | New | 439,715 | $123K |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | Add +20.1% | 42,929 | $105K |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | Add +44.7% | 116,060 | $103K |
| OTGAW Otg Acquisition Corp. I - 30 | *W EXP 09/05/203 | Add +79.6% | 317,408 | $102K |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | Add +68.7% | 278,058 | $97K |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | Reduce -22.9% | 275,982 | $89K |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | Sold out | 195,364 | $86Kbefore exit |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | Add +592.4% | 230,555 | $85K |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | Sold out | 165,548 | $80Kbefore exit |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | Add +320.9% | 315,694 | $73K |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | New | 151,750 | $62K |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | Reduce -17.1% | 150,000 | $60K |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | Reduce -35.0% | 160,735 | $59K |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | Reduce -48.1% | 293,600 | $59K |
| DNMXW Dynamix Corp. III | *W EXP 10/10/203 | New | 168,999 | $58K |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | Sold out | 187,500 | $56Kbefore exit |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | Add +269.9% | 99,650 | $55K |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | Sold out | 15,000 | $53Kbefore exit |
Showing the first 50 of 114.
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 |