Point72 (DIFC) Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed September 16, 2024), Point72 (DIFC) Ltd reported 862 stock positions worth $1.1 billion. Its top holding was Apple (AAPL) at 3.0% of the portfolio, followed by Spotify Technology (SPOT, 2.6%) and Amazon.com (AMZN, 2.6%). Compared with Q1 2024, it opened 550 new positions, sold out of 561, added to 143 and reduced 166. The biggest buy was a new position in Apple (AAPL) and the biggest sale an exit from Oracle (ORCL).
- Most Recent 13F
- Q3 2025
- Location
- Dubai, C0
- CIK
- 0002017863
- Portfolio Value
- $1.1B (Q2 2024)
- SEC Filing
- 0000902664-24-005527 ↗ filed Sep 16, 2024
Holdings Value
Holdings 862 stocks · $1.1B
| AAPL Apple Inc. | 3.01% | 160,948 | $33.9M | New |
| SPOT Spotify Technology SA | 2.60% | 93,403 | $29.3M | Add +918.2% |
| AMZN Amazon.com Inc. | 2.56% | 149,622 | $28.9M | Add +684.8% |
| BMY Bristol-Myers Squibb Co. | 2.36% | 639,862 | $26.6M | New |
| PFE Pfizer Inc. | 2.20% | 888,542 | $24.9M | Add +13768.3% |
| RTX RTX Corp. | 2.20% | 247,312 | $24.8M | New |
| V Visa Inc. Class A | 2.05% | 87,939 | $23.1M | Add +12.3% |
| TMO Thermo Fisher Scientific Inc. | 1.90% | 38,655 | $21.4M | New |
| NVDA Nvidia Corp. | 1.57% | 143,698 | $17.8M | New |
| CEG Constellation Energy | 1.55% | 87,338 | $17.5M | New |
| APH Amphenol Corp. Class A | 1.47% | 246,585 | $16.6M | New |
| WDC Western Digital Corp. | 1.46% | 217,671 | $16.5M | New |
| XOM Exxon Mobil Corp. | 1.40% | 137,317 | $15.8M | New |
| LMT Lockheed Martin Corp. | 1.39% | 33,496 | $15.6M | New |
| MMM 3M Co. | 1.31% | 144,286 | $14.7M | Add +591.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.29% | 364,859 | $14.5M | New |
| COP Conocophillips | 1.21% | 119,315 | $13.6M | Add +3.4% |
| CME Cme Group Inc. | 1.21% | 69,377 | $13.6M | New |
| WFC Wells Fargo & Co. | 1.20% | 228,843 | $13.6M | New |
| SNOW Snowflake Inc. | 1.18% | 98,138 | $13.3M | New |
| GM General Motors Co. | 1.16% | 282,110 | $13.1M | Add +875.3% |
| ROST Ross Stores Inc. | 1.13% | 88,008 | $12.8M | Add +1.3% |
| DASH DoorDash Inc. Class A | 1.06% | 109,788 | $11.9M | New |
| ETN Eaton Corp. PLC | 0.99% | 35,565 | $11.2M | New |
| KO The Coca-Cola Co. | 0.98% | 173,004 | $11.0M | Reduce -0.9% |
| NRG NRG Energy Inc. | 0.92% | 133,465 | $10.4M | Add +326.3% |
| COF Capital One Financial Corp. | 0.90% | 73,521 | $10.2M | New |
| BDX Becton Dickinson and Co. | 0.86% | 41,361 | $9.7M | New |
| ILMN Illumina Inc. | 0.85% | 91,697 | $9.6M | Add +2686.3% |
| USB US Bancorp | 0.84% | 238,874 | $9.5M | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.83% | 23,979 | $9.4M | Add +49.8% |
| PYPL PayPal Holdings Inc. | 0.83% | 160,708 | $9.3M | Reduce -19.5% |
| HAL Halliburton Co. | 0.80% | 268,404 | $9.1M | Add +323.5% |
| PH Parker Hannifin Corp. | 0.79% | 17,590 | $8.9M | Reduce -0.8% |
| MA Mastercard Inc. Class A | 0.73% | 18,742 | $8.3M | Add +251.0% |
| KMB Kimberly-Clark Corp. | 0.72% | 58,700 | $8.1M | Add +315.8% |
| NXPI NXP Semiconductors NV | 0.72% | 30,106 | $8.1M | Reduce -30.3% |
| MU Micron Technology Inc. | 0.70% | 60,202 | $7.9M | Reduce -67.3% |
| CPRT Copart Inc. | 0.69% | 144,677 | $7.8M | New |
| UAL United Airlines Holdings Inc. | 0.67% | 154,491 | $7.5M | New |
| AA Alcoa Corp. | 0.66% | 188,120 | $7.5M | New |
| ANET Arista Networks Inc. | 0.66% | 21,191 | $7.4M | New |
| AXP American Express Co. | 0.65% | 31,441 | $7.3M | New |
| MSFT Microsoft Corp. | 0.60% | 15,269 | $6.8M | New |
| MRO Marathon Oil Corp. | 0.59% | 232,737 | $6.7M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.58% | 6,415 | $6.6M | Add +122.1% |
| PPG PPG Industries Inc. | 0.58% | 51,563 | $6.5M | New |
| CAH Cardinal Health Inc. | 0.56% | 64,340 | $6.3M | Add +457.4% |
| MRK Merck & Co. Inc. | 0.55% | 50,542 | $6.3M | Reduce -59.4% |
| GS Goldman Sachs Group Inc. | 0.52% | 12,963 | $5.9M | New |
| ALGN Align Technology Inc. | 0.52% | 24,238 | $5.9M | New |
| VST Vistra Corp. | 0.51% | 66,515 | $5.7M | New |
| DD Dupont DE Nemours Inc. | 0.50% | 70,041 | $5.6M | New |
| RUN Sunrun Inc. | 0.49% | 461,908 | $5.5M | New |
| TDG Transdigm Group Inc. | 0.48% | 4,226 | $5.4M | New |
| UNP Union Pacific Corp. | 0.47% | 23,237 | $5.3M | Reduce -22.3% |
| WAB Wabtec Corp. | 0.46% | 32,977 | $5.2M | Add +29.9% |
| KEYS Keysight Technologies Inc. | 0.45% | 37,495 | $5.1M | Add +1220.3% |
| CFG Citizens Financial Group | 0.45% | 139,711 | $5.0M | Add +10412.5% |
| CARR Carrier Global Corp. | 0.45% | 79,649 | $5.0M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 12,135 | $4.9M | New |
| JBL Jabil Inc. | 0.44% | 45,247 | $4.9M | New |
| IWM iShares Russell 2000 ETF | 0.44% | 24,207 | $4.9M | Reduce -51.0% |
| XLK SS Technology Select Sector | 0.41% | 20,596 | $4.7M | Add +211.8% |
| FSLR First Solar Inc. | 0.41% | 20,595 | $4.6M | New |
| GL Globe Life Inc. | 0.41% | 56,189 | $4.6M | Add +233.9% |
| A Agilent Technologies Inc. | 0.40% | 34,846 | $4.5M | New |
| CCL Carnival Corp. | 0.40% | 237,999 | $4.5M | Add +85.1% |
| EQH Equitable Holdings Inc. | 0.38% | 104,965 | $4.3M | Add +133.1% |
| MTD Mettler-Toledo International | 0.35% | 2,848 | $4.0M | New |
| SMCI Super Micro Computer Inc. | 0.35% | 4,857 | $4.0M | New |
| CSCO Cisco Systems Inc. | 0.35% | 83,505 | $4.0M | New |
| ICLR Icon PLC | 0.35% | 12,557 | $3.9M | New |
| WAY Waystar Holding Corp. | 0.35% | 183,032 | $3.9M | New |
| INVH Invitation Homes Inc. | 0.35% | 109,182 | $3.9M | New |
| KEY Keycorp | 0.33% | 261,847 | $3.7M | Add +39.1% |
| UPS United Parcel Service Class B | 0.33% | 27,148 | $3.7M | New |
| FIS Fidelity National Info Serv | 0.33% | 49,195 | $3.7M | New |
| GD General Dynamics Corp. | 0.32% | 12,577 | $3.6M | Reduce -47.5% |
| NVR NVR Inc. | 0.32% | 469 | $3.6M | Reduce -10.3% |
| CVNA Carvana Co. | 0.31% | 26,734 | $3.4M | Add +843.3% |
| SWN Southwestern Energy Co. | 0.30% | 511,121 | $3.4M | New |
| EPAM Epam Systems Inc. | 0.30% | 18,248 | $3.4M | Reduce -3.7% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.30% | 35,891 | $3.4M | Add +11.1% |
| OVV Ovintiv Inc. | 0.30% | 72,052 | $3.4M | Reduce -9.8% |
| NKE Nike Inc. Class B | 0.30% | 44,800 | $3.4M | Reduce -30.8% |
| BWA Borgwarner Inc. | 0.29% | 103,055 | $3.3M | New |
| ICE Intercontinental Exchange Inc. | 0.29% | 24,119 | $3.3M | Reduce -6.1% |
| HBAN Huntington Bancshares Inc. | 0.28% | 243,037 | $3.2M | New |
| APG Api Group Corp. | 0.28% | 82,649 | $3.1M | New |
| CSGP Costar Group Inc. | 0.27% | 41,130 | $3.0M | New |
| STNE Stoneco Ltd. Class A | 0.27% | 251,993 | $3.0M | Add +123.4% |
| MSI Motorola Solutions Inc. | 0.26% | 7,593 | $2.9M | New |
| XYL Xylem Inc. | 0.26% | 21,516 | $2.9M | Add +2455.3% |
| OC Owens Corning | 0.26% | 16,619 | $2.9M | New |
| AZN Astrazeneca PLC-Spons ADR | 0.25% | 36,550 | $2.9M | Add +216.3% |
| KDP Keurig Dr Pepper Inc. | 0.25% | 85,224 | $2.8M | New |
| MKC McCormick & Co.-Non VTG SHRS | 0.25% | 39,610 | $2.8M | New |
| ADP Automatic Data Processing | 0.24% | 11,124 | $2.7M | Reduce -37.9% |
| PFGC Performance Food Group Co. | 0.23% | 39,350 | $2.6M | Add +276.3% |
Options reported separately and not counted above: SPY calls ($68.5M), QQQ puts ($60.8M), SPY puts ($55.6M), QQQ calls ($46.8M), AAPL puts ($24.7M), AMGN puts ($23.1M), LLY puts ($20.5M), ADBE calls ($19.9M), CRM puts ($19.3M), ADBE puts ($18.7M), CRM calls ($17.2M), ABBV puts ($16.7M), and 538 more.
Portfolio Sells Q1 2024 → Q2 2024
| ORCL Oracle Corp. | Sold out | 0.00% | −2.74 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.90 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −1.85 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −1.82 |
| PGR Progressive Corp. | Sold out | 0.00% | −1.67 |
| HES Hess Corp. | Reduce -100.0% | 0.00% | −1.56 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −1.52 |
| SPGI S&P Global Inc. | Reduce -95.4% | 0.08% | −1.39 |
| CSX CSX Corp. | Sold out | 0.00% | −1.38 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.35 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −1.18 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −1.12 |
| PM Philip Morris International | Sold out | 0.00% | −1.07 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −1.06 |
| MU Micron Technology Inc. | Reduce -67.3% | 0.70% | −0.98 |
| HUM Humana Inc. | Sold out | 0.00% | −0.93 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.89 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.89 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.86 |
| MRSH Marsh & McLennan Cos | Reduce -95.5% | 0.05% | −0.86 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.78 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.76 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.76 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.74 |
| MRK Merck & Co. Inc. | Reduce -59.4% | 0.55% | −0.71 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.70 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.69 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.67 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.66 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.65 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.64 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.63 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.63 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.61 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.61 |
| CNC Centene Corp. | Sold out | 0.00% | −0.56 |
| FCX Freeport-McMoran Inc. | Reduce -83.1% | 0.14% | −0.56 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.56 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.51 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.50 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.50 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.49 |
| SRE Sempra | Sold out | 0.00% | −0.46 |
| CMS CMS Energy Corp. | Sold out | 0.00% | −0.46 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.45 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.45 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.43 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.41 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.41 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.41 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | New | 3.01% | +3.01 |
| SPOT Spotify Technology SA | Add +918.2% | 2.60% | +2.41 |
| BMY Bristol-Myers Squibb Co. | New | 2.36% | +2.36 |
| AMZN Amazon.com Inc. | Add +684.8% | 2.56% | +2.30 |
| RTX RTX Corp. | New | 2.20% | +2.20 |
| PFE Pfizer Inc. | Add +13768.3% | 2.20% | +2.19 |
| TMO Thermo Fisher Scientific Inc. | New | 1.90% | +1.90 |
| NVDA Nvidia Corp. | New | 1.57% | +1.57 |
| CEG Constellation Energy | New | 1.55% | +1.55 |
| APH Amphenol Corp. Class A | New | 1.47% | +1.47 |
| WDC Western Digital Corp. | New | 1.46% | +1.46 |
| XOM Exxon Mobil Corp. | New | 1.40% | +1.40 |
| LMT Lockheed Martin Corp. | New | 1.39% | +1.39 |
| BAC Bank of America Corp. | New | 1.29% | +1.29 |
| CME Cme Group Inc. | New | 1.21% | +1.21 |
| WFC Wells Fargo & Co. | New | 1.20% | +1.20 |
| SNOW Snowflake Inc. | New | 1.18% | +1.18 |
| MMM 3M Co. | Add +591.1% | 1.31% | +1.14 |
| GM General Motors Co. | Add +875.3% | 1.16% | +1.06 |
| DASH DoorDash Inc. Class A | New | 1.06% | +1.06 |
| ETN Eaton Corp. PLC | New | 0.99% | +0.99 |
| COF Capital One Financial Corp. | New | 0.90% | +0.90 |
| BDX Becton Dickinson and Co. | New | 0.86% | +0.86 |
| USB US Bancorp | New | 0.84% | +0.84 |
| ILMN Illumina Inc. | Add +2686.3% | 0.85% | +0.81 |
| NRG NRG Energy Inc. | Add +326.3% | 0.92% | +0.76 |
| CPRT Copart Inc. | New | 0.69% | +0.69 |
| UAL United Airlines Holdings Inc. | New | 0.67% | +0.67 |
| AA Alcoa Corp. | New | 0.66% | +0.66 |
| ANET Arista Networks Inc. | New | 0.66% | +0.66 |
| AXP American Express Co. | New | 0.65% | +0.65 |
| HAL Halliburton Co. | Add +323.5% | 0.80% | +0.61 |
| MSFT Microsoft Corp. | New | 0.60% | +0.60 |
| MRO Marathon Oil Corp. | New | 0.59% | +0.59 |
| KMB Kimberly-Clark Corp. | Add +315.8% | 0.72% | +0.58 |
| PPG PPG Industries Inc. | New | 0.58% | +0.58 |
| MA Mastercard Inc. Class A | Add +251.0% | 0.73% | +0.53 |
| GS Goldman Sachs Group Inc. | New | 0.52% | +0.52 |
| ALGN Align Technology Inc. | New | 0.52% | +0.52 |
| VST Vistra Corp. | New | 0.51% | +0.51 |
| DD Dupont DE Nemours Inc. | New | 0.50% | +0.50 |
| RUN Sunrun Inc. | New | 0.49% | +0.49 |
| TDG Transdigm Group Inc. | New | 0.48% | +0.48 |
| CAH Cardinal Health Inc. | Add +457.4% | 0.56% | +0.46 |
| CARR Carrier Global Corp. | New | 0.45% | +0.45 |
| CFG Citizens Financial Group | Add +10412.5% | 0.45% | +0.44 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.44% | +0.44 |
| JBL Jabil Inc. | New | 0.44% | +0.44 |
| KEYS Keysight Technologies Inc. | Add +1220.3% | 0.45% | +0.42 |
| FSLR First Solar Inc. | New | 0.41% | +0.41 |
Options Activity Q1 2024 → Q2 2024
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +8293.3% | 125,900 | $68.5M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +751.0% | 126,800 | $60.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +4766.7% | 102,200 | $55.6M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +464.7% | 97,700 | $46.8M |
| AAPL Apple Inc. | put | Add +77.2% | 117,100 | $24.7M |
| AMGN Amgen Inc. | put | Add +835.4% | 73,900 | $23.1M |
| LLY Eli Lilly & Co. | put | Reduce -36.2% | 22,600 | $20.5M |
| CRM Salesforce Inc. | put | Add +314.4% | 75,000 | $19.3M |
| ADBE Adobe Inc. | put | Reduce -32.9% | 33,700 | $18.7M |
| CRM Salesforce Inc. | call | Add +439.5% | 66,900 | $17.2M |
| ABBV Abbvie Inc. | put | Add +1446.0% | 97,400 | $16.7M |
| WMT Walmart Inc. | put | Reduce -51.4% | 235,400 | $15.9M |
| ACN Accenture PLC Class A | call | Add +113.0% | 50,700 | $15.4M |
| AAPL Apple Inc. | call | Add +61.4% | 68,600 | $14.4M |
| TXN Texas Instruments Inc. | put | Add +25.3% | 73,900 | $14.4M |
| AMGN Amgen Inc. | call | Add +454.2% | 46,000 | $14.4M |
| NEE Nextera Energy Inc. | put | Reduce -12.4% | 200,400 | $14.2M |
| NFLX Netflix Inc. | put | Reduce -41.1% | 20,600 | $13.9M |
| DIS The Walt Disney Co. | put | Add +54.4% | 136,000 | $13.5M |
| AMD Advanced Micro Devices | put | Add +41.5% | 81,200 | $13.2M |
| PFE Pfizer Inc. | put | Add +151.8% | 470,700 | $13.2M |
| UPS United Parcel Service Class B | call | Add +36.4% | 89,600 | $12.3M |
| META Meta Platforms Inc. Class A | put | Add +112.5% | 23,800 | $12.0M |
| NUE Nucor Corp. | call | Add +126.8% | 68,500 | $10.8M |
| UPS United Parcel Service Class B | put | Add +244.7% | 77,900 | $10.7M |
| MSFT Microsoft Corp. | put | Add +275.8% | 23,300 | $10.4M |
| NUE Nucor Corp. | put | Add +117.6% | 65,500 | $10.4M |
| AMD Advanced Micro Devices | call | Add +42.4% | 62,800 | $10.2M |
| DIS The Walt Disney Co. | call | Add +49.2% | 102,200 | $10.1M |
| ACN Accenture PLC Class A | put | Add +26.8% | 33,100 | $10.0M |
| DIA SS SPDR Dow Jones Indus Avg | put | Reduce -71.4% | 24,700 | $9.7M |
| BIIB Biogen Inc. | put | Add +2229.4% | 39,600 | $9.2M |
| BA The Boeing Co. | call | Add +104.5% | 49,900 | $9.1M |
| NVDA Nvidia Corp. | put | Reduce -12.7% | 73,300 | $9.1M |
| ABBV Abbvie Inc. | call | Add +482.2% | 52,400 | $9.0M |
| ULTA Ulta Beauty Inc. | call | Sold out | 17,100 | $8.9Mbefore exit |
| HES Hess Corp. | put | Add +630.5% | 59,900 | $8.8M |
| NOW ServiceNow Inc. | put | Add +1500.0% | 11,200 | $8.8M |
| NEE Nextera Energy Inc. | call | Reduce -51.1% | 123,800 | $8.8M |
| LLY Eli Lilly & Co. | call | Reduce -40.4% | 9,600 | $8.7M |
| PFE Pfizer Inc. | call | Add +589.4% | 306,800 | $8.6M |
| TTWO Take-Two Interactive Softwre | call | Add +1929.6% | 54,800 | $8.5M |
| FTNT Fortinet Inc. | put | Add +133.6% | 138,300 | $8.3M |
| CSCO Cisco Systems Inc. | put | Add +15.4% | 175,100 | $8.3M |
| BA The Boeing Co. | put | Add +136.6% | 43,300 | $7.9M |
| DG Dollar General Corp. | call | Add +181.5% | 59,400 | $7.9M |
| JNJ Johnson & Johnson | put | Add +570.0% | 53,600 | $7.8M |
| BIIB Biogen Inc. | call | Add +2000.0% | 33,600 | $7.8M |
| NFLX Netflix Inc. | call | Reduce -60.8% | 11,500 | $7.8M |
| AZO AutoZone Inc. | put | Add +62.5% | 2,600 | $7.7M |
Showing the first 50 of 590.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 900 | $1.4B | META, MSFT, TSM, BSX, AMZN |
| Q2 2025 | 930 | $1.3B | ADI, NVDA, EW, GE, PM |
| Q1 2025 | 924 | $1.0B | META, NVDA, MCK, BSX, ZBH |
| Q4 2024 | 912 | $1.1B | NVDA, CRM, MCK, ADI, TSM |
| Q3 2024 | 867 | $1.3B | BRKR, ADBE, QGEN, SPOT, BAC |
| Q2 2024Amended | 862 | $1.1B | AAPL, SPOT, AMZN, BMY, PFE |
| Q1 2024 | 873 | $1.3B | ORCL, META, UBER, SPY, V |