Polar Capital Holdings Plc
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Polar Capital Holdings Plc reported 271 stock positions worth $17.7 billion. Its top holding was Nvidia (NVDA) at 7.1% of the portfolio, followed by Meta Platforms Class A (META, 5.0%) and Broadcom (AVGO, 4.0%). Compared with Q3 2024, it opened 42 new positions, sold out of 34, added to 81 and reduced 110. The biggest buy was Broadcom (AVGO, shares +2%) and the biggest sale Smurfit Westrock (SW, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001837309
- Portfolio Value
- $17.7B (Q4 2024)
- SEC Filing
- 0001172661-25-000891 ↗ filed Feb 14, 2025
Holdings Value
Holdings 271 stocks · $17.7B
| NVDA Nvidia Corp. | 7.11% | 9,398,436 | $1.3B | Reduce -12.6% |
| META Meta Platforms Inc. Class A | 4.96% | 1,503,673 | $880.4M | Add +4.1% |
| AVGO Broadcom Inc. | 3.99% | 3,055,571 | $708.4M | Add +2.0% |
| MSFT Microsoft Corp. | 3.62% | 1,525,430 | $643.0M | Reduce -5.0% |
| AAPL Apple Inc. | 2.13% | 1,507,656 | $377.5M | Add +15.4% |
| AMZN Amazon.com Inc. | 2.08% | 1,684,619 | $369.6M | Add +35.5% |
| GOOGL Alphabet Inc. Class A | 1.99% | 1,865,626 | $353.2M | Add +22.8% |
| GOOG Alphabet Inc. Class C | 1.94% | 1,803,247 | $343.4M | Add +17.9% |
| RNR Renaissancere Holdings Ltd. | 1.82% | 1,298,190 | $323.0M | Add +5.7% |
| NET Cloudflare Inc. Class A | 1.78% | 2,932,791 | $315.8M | Reduce -18.4% |
| ACGL Arch Capital Group Ltd. | 1.68% | 3,237,398 | $299.0M | Add +8.7% |
| SHOP Shopify Inc. Class A | 1.51% | 2,512,288 | $267.1M | Add +34.2% |
| ANET Arista Networks Inc. | 1.43% | 2,294,732 | $253.6M | Reduce -33.0% |
| APH Amphenol Corp. Class A | 1.17% | 2,991,081 | $207.7M | Add +23.4% |
| CB Chubb Ltd. | 1.14% | 735,000 | $203.1M | Reduce -10.9% |
| CYBR Cyberark Software Ltd./Israel | 1.13% | 602,232 | $200.6M | Reduce -30.6% |
| NOW ServiceNow Inc. | 1.10% | 183,948 | $195.0M | Reduce -9.9% |
| MRVL Marvell Technology Inc. | 1.06% | 1,700,816 | $187.9M | Add +577.6% |
| GEV GE Vernova Inc. | 1.06% | 569,730 | $187.4M | Add +1138.5% |
| MRSH Marsh & McLennan Cos | 1.05% | 874,000 | $185.6M | Reduce -12.3% |
| CIEN Ciena Corp. | 1.04% | 2,169,406 | $184.0M | Add +113.7% |
| SPOT Spotify Technology SA | 1.02% | 403,758 | $180.6M | Reduce -33.3% |
| TSLA Tesla Inc. | 1.01% | 445,998 | $180.1M | Reduce -8.2% |
| NFLX Netflix Inc. | 0.99% | 196,703 | $175.3M | Add +1.2% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.96% | 2,925,000 | $171.2M | No change |
| KLAC KLA Corp. | 0.95% | 268,587 | $169.2M | Reduce -20.9% |
| COHR Coherent Corp. | 0.87% | 1,633,082 | $154.7M | Add +125.8% |
| CLS Celestica Inc. | 0.84% | 1,607,969 | $148.4M | Add +822.6% |
| PGR Progressive Corp. | 0.83% | 613,535 | $147.0M | Reduce -2.0% |
| ESNT Essent Group Ltd. | 0.83% | 2,700,000 | $147.0M | Add +14.9% |
| DDOG Datadog Inc. Class A | 0.81% | 1,008,005 | $144.0M | Add +387.3% |
| MTSI Macom Technology Solutions H | 0.78% | 1,071,071 | $139.1M | Reduce -2.4% |
| EG Everest Group Ltd. | 0.75% | 368,750 | $133.7M | Add +2.4% |
| MKL Markel Group Inc. | 0.75% | 77,350 | $133.5M | Reduce -6.8% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.73% | 2,104,849 | $129.3M | Reduce -10.3% |
| MELI MercadoLibre Inc. | 0.73% | 75,852 | $129.0M | Reduce -31.8% |
| ISRG Intuitive Surgical Inc. | 0.72% | 246,379 | $128.6M | Reduce -14.0% |
| ALAB Astera Labs Inc. | 0.71% | 957,431 | $126.8M | New |
| ORCL Oracle Corp. | 0.71% | 759,307 | $126.5M | Add +57.1% |
| HOOD Robinhood Markets Inc. Class A | 0.71% | 3,361,555 | $125.3M | New |
| GLW Corning Inc. | 0.70% | 2,614,751 | $124.3M | New |
| RDDT Reddit Inc. Class A | 0.69% | 753,273 | $123.1M | New |
| TRV The Travelers Cos Inc. | 0.69% | 510,000 | $122.9M | Reduce -1.9% |
| SRRK Scholar Rock Holding Corp. | 0.66% | 2,708,371 | $117.1M | Reduce -7.9% |
| MU Micron Technology Inc. | 0.63% | 1,337,597 | $112.6M | Reduce -30.6% |
| DASH DoorDash Inc. Class A | 0.63% | 665,776 | $111.7M | Add +10.0% |
| XENE Xenon Pharmaceuticals Inc. | 0.60% | 2,697,657 | $105.7M | Add +10.3% |
| AXON Axon Enterprise Inc. | 0.59% | 176,520 | $104.9M | Reduce -50.0% |
| CYTK Cytokinetics Inc. | 0.58% | 2,196,721 | $103.3M | Reduce -6.0% |
| ARQT Arcutis Biotherapeutics Inc. | 0.58% | 7,377,381 | $102.8M | Add +7.2% |
| MMYT Makemytrip Ltd. | 0.58% | 910,314 | $102.2M | Reduce -7.9% |
| HUBS HubSpot Inc. | 0.57% | 146,155 | $101.8M | Add +34.9% |
| RGA Reinsurance Group of America | 0.57% | 471,000 | $100.6M | No change |
| CRDO Credo Technology Group Holdi | 0.55% | 1,451,084 | $97.5M | Add +382.1% |
| RYAN Ryan Specialty Holdings Inc. | 0.55% | 1,515,000 | $97.2M | No change |
| ARM Arm Holdings PLC-ADR | 0.53% | 763,939 | $94.2M | Add +11.3% |
| APP AppLovin Corp. Class A | 0.52% | 287,039 | $93.0M | Reduce -32.4% |
| PANW Palo Alto Networks Inc. | 0.51% | 497,776 | $90.6M | Reduce -17.1% |
| RYTM Rhythm Pharmaceuticals Inc. | 0.47% | 1,500,000 | $84.0M | No change |
| PCVX Vaxcyte Inc. | 0.45% | 973,645 | $79.7M | Reduce -2.2% |
| NUVL Nuvalent Inc. Class A | 0.42% | 946,723 | $74.1M | Add +161.2% |
| LLY Eli Lilly & Co. | 0.41% | 94,843 | $73.2M | Reduce -3.2% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.41% | 310,000 | $72.9M | No change |
| AMGN Amgen Inc. | 0.41% | 279,826 | $72.9M | Reduce -26.7% |
| SNOW Snowflake Inc. | 0.41% | 465,973 | $72.0M | New |
| MRUS Merus NV | 0.40% | 1,706,238 | $71.7M | Add +34.7% |
| GLOB Globant SA | 0.40% | 330,897 | $71.0M | Add +4.7% |
| V Visa Inc. Class A | 0.40% | 223,439 | $70.6M | Add +6.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.40% | 175,000 | $70.5M | No change |
| NVMI Nova Ltd. | 0.39% | 354,302 | $69.8M | Add +504.5% |
| TCOM Trip.com Group Ltd.-ADR | 0.39% | 1,012,840 | $69.5M | Add +37.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.38% | 580,050 | $68.2M | Reduce -46.8% |
| GMED Globus Medical Inc. Class A | 0.36% | 770,913 | $63.8M | New |
| AMD Advanced Micro Devices | 0.35% | 520,863 | $62.9M | Reduce -80.3% |
| SUPN Supernus Pharmaceuticals Inc. | 0.34% | 1,687,930 | $61.0M | Reduce -12.9% |
| TWLO Twilio Inc. Class A | 0.34% | 563,929 | $60.9M | New |
| TRUP Trupanion Inc. | 0.34% | 1,250,000 | $60.3M | Reduce -3.9% |
| MLTX Moonlake Immunotherapeutics | 0.34% | 1,100,000 | $59.6M | Add +120.0% |
| ESTC Elastic NV | 0.32% | 567,120 | $56.2M | Reduce -18.1% |
| UNH Unitedhealth Group Inc. | 0.31% | 110,116 | $55.7M | Reduce -9.7% |
| JPM JPMorgan Chase & Co. | 0.31% | 232,362 | $55.7M | Reduce -7.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.31% | 5,370,410 | $55.6M | Add +40.8% |
| PDD PDD Holdings Inc. | 0.31% | 569,612 | $55.2M | Add +7.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 121,056 | $54.9M | Add +10.3% |
| CVLT Commvault Systems Inc. | 0.31% | 362,958 | $54.8M | Add +182.5% |
| BPMC Blueprint Medicines Corp. | 0.31% | 626,379 | $54.6M | Reduce -28.6% |
| SWTX Springworks Therapeutics Inc. | 0.31% | 1,500,000 | $54.2M | No change |
| ELVN Enliven Therapeutics Inc. | 0.30% | 2,389,668 | $53.8M | Add +267.6% |
| SE Sea Ltd.-ADR | 0.30% | 499,353 | $53.0M | Reduce -19.6% |
| INSM Insmed Inc. | 0.28% | 730,000 | $50.4M | Add +7.3% |
| APLS Apellis Pharmaceuticals Inc. | 0.28% | 1,577,175 | $50.3M | Add +45.8% |
| MA Mastercard Inc. Class A | 0.28% | 93,308 | $49.1M | Add +5.3% |
| EA Electronic Arts Inc. | 0.28% | 333,602 | $48.8M | New |
| HGTY Hagerty Inc. Class A | 0.27% | 5,000,000 | $48.3M | No change |
| AFL Aflac Inc. | 0.27% | 460,000 | $47.6M | No change |
| AVDL Avadel Pharmaceuticals Ltd. | 0.26% | 4,414,200 | $46.4M | Reduce -8.7% |
| FN Fabrinet | 0.26% | 209,294 | $46.0M | Reduce -40.0% |
| MNDY Monday.com Ltd. | 0.26% | 194,010 | $45.7M | Reduce -19.2% |
| NAMS Newamsterdam Pharma Co. NV | 0.25% | 1,750,000 | $45.0M | Add +16.3% |
| VRNS Varonis Systems Inc. | 0.25% | 1,003,524 | $44.6M | Reduce -25.6% |
Options reported separately and not counted above: MSFT puts ($6.7M), AAPL calls ($6.6M), MSFT calls ($2.7M), XLF puts ($725K).
Other holdings (21): bonds, preferreds, convertibles and warrants · $115.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 14,360,000 | $17.4M | No change |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 14,240,000 | $14.2M | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 8,750,000 | $9.6M | Reduce -31.4% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 8,500,000 | $8.9M | Reduce -32.0% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 10,000,000 | $8.6M | New |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 6,000,000 | $7.4M | Add +33.3% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 6,500,000 | $7.2M | New |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 4,300,000 | $6.1M | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 4,500,000 | $4.5M | New |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 3,500,000 | $4.0M | Reduce -41.7% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 3,000,000 | $3.9M | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 3,000,000 | $3.8M | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 3,400,000 | $3.7M | Reduce -48.5% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 3,000,000 | $3.2M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 3,000,000 | $2.7M | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 2,000,000 | $2.4M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 2,000,000 | $2.0M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,000,000 | $2.0M | New |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,200,000 | $1.5M | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 1,000,000 | $1.2M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,000,000 | $1.2M | No change |
Total filed on the 13F, all lines: $17.9B.
Portfolio Sells Q3 2024 → Q4 2024
| SW Smurfit Westrock PLC | Reduce -85.1% | 0.02% | −15.38 |
| FERG Ferguson Enterprises Inc. | Reduce -14.8% | 0.06% | −3.43 |
| AMD Advanced Micro Devices | Reduce -80.3% | 0.35% | −1.73 |
| MPWR Monolithic Power Systems Inc. | Reduce -99.5% | 0.00% | −0.91 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.62 |
| FSLR First Solar Inc. | Reduce -63.2% | 0.25% | −0.56 |
| MELI MercadoLibre Inc. | Reduce -31.8% | 0.73% | −0.37 |
| QCOM Qualcomm Inc. | Reduce -77.7% | 0.11% | −0.36 |
| MU Micron Technology Inc. | Reduce -30.6% | 0.63% | −0.33 |
| HCA HCA Healthcare Inc. | Reduce -96.4% | 0.01% | −0.31 |
| KLAC KLA Corp. | Reduce -20.9% | 0.95% | −0.31 |
| PI Impinj Inc. | Sold out | 0.00% | −0.30 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.28 |
| CLDX Celldex Therapeutics Inc. | Reduce -42.5% | 0.22% | −0.22 |
| TTD Trade Desk Inc./the Class A | Reduce -46.8% | 0.38% | −0.19 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.18 |
| AMGN Amgen Inc. | Reduce -26.7% | 0.41% | −0.18 |
| LBPH Longboard Pharmaceuticals Inc. | Sold out | 0.00% | −0.18 |
| ANET Arista Networks Inc. | Reduce -33.0% | 1.43% | −0.15 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.14 |
| REGN Regeneron Pharmaceuticals | Reduce -21.6% | 0.23% | −0.14 |
| FN Fabrinet | Reduce -40.0% | 0.26% | −0.14 |
| RNAM Avidity Biosciences Inc. | Reduce -17.5% | 0.21% | −0.13 |
| ICLR Icon PLC | Sold out | 0.00% | −0.12 |
| VRNS Varonis Systems Inc. | Reduce -25.6% | 0.25% | −0.12 |
| BCYC Bicycle Therapeutics PLC-ADR | Sold out | 0.00% | −0.11 |
| PCVX Vaxcyte Inc. | Reduce -2.2% | 0.45% | −0.10 |
| AGIO Agios Pharmaceuticals Inc. | Reduce -37.4% | 0.12% | −0.10 |
| IDYA Ideaya Biosciences Inc. | Reduce -90.0% | 0.01% | −0.09 |
| CYBR Cyberark Software Ltd./Israel | Reduce -30.6% | 1.13% | −0.09 |
| AXON Axon Enterprise Inc. | Reduce -50.0% | 0.59% | −0.09 |
| SLN Silence Therapeutics PLC-ADR | Sold out | 0.00% | −0.09 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.08 |
| BPMC Blueprint Medicines Corp. | Reduce -28.6% | 0.31% | −0.08 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.08 |
| MNDY Monday.com Ltd. | Reduce -19.2% | 0.26% | −0.06 |
| NVT Nvent Electric PLC | Reduce -63.8% | 0.04% | −0.06 |
| BIOX Bioceres Crop Solutions Corp. | Sold out | 0.00% | −0.06 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.06 |
| SPOT Spotify Technology SA | Reduce -33.3% | 1.02% | −0.06 |
| IMCR Immunocore Holdings PLC-ADR | Reduce -77.3% | 0.02% | −0.06 |
| JSPR Jasper Therapeutics Inc. | Sold out | 0.00% | −0.05 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.05 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.05 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.05 |
| CNTA Centessa Pharmaceuticals Ltd. | Sold out | 0.00% | −0.05 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.05 |
| LEGN Legend Biotech Corp.-ADR | Reduce -23.1% | 0.07% | −0.05 |
| AVDL Avadel Pharmaceuticals Ltd. | Reduce -8.7% | 0.26% | −0.04 |
| FDMT 4D Molecular Therapeutics Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +2.0% | 3.99% | +1.51 |
| GEV GE Vernova Inc. | Add +1138.5% | 1.06% | +1.00 |
| META Meta Platforms Inc. Class A | Add +4.1% | 4.96% | +0.98 |
| MRVL Marvell Technology Inc. | Add +577.6% | 1.06% | +0.97 |
| AMZN Amazon.com Inc. | Add +35.5% | 2.08% | +0.97 |
| CLS Celestica Inc. | Add +822.6% | 0.84% | +0.79 |
| SHOP Shopify Inc. Class A | Add +34.2% | 1.51% | +0.78 |
| GOOGL Alphabet Inc. Class A | Add +22.8% | 1.99% | +0.78 |
| CIEN Ciena Corp. | Add +113.7% | 1.04% | +0.74 |
| ALAB Astera Labs Inc. | New | 0.71% | +0.71 |
| HOOD Robinhood Markets Inc. Class A | New | 0.71% | +0.71 |
| GOOG Alphabet Inc. Class C | Add +17.9% | 1.94% | +0.70 |
| GLW Corning Inc. | New | 0.70% | +0.70 |
| DDOG Datadog Inc. Class A | Add +387.3% | 0.81% | +0.70 |
| RDDT Reddit Inc. Class A | New | 0.69% | +0.69 |
| AAPL Apple Inc. | Add +15.4% | 2.13% | +0.66 |
| COHR Coherent Corp. | Add +125.8% | 0.87% | +0.56 |
| CRDO Credo Technology Group Holdi | Add +382.1% | 0.55% | +0.50 |
| APH Amphenol Corp. Class A | Add +23.4% | 1.17% | +0.41 |
| SNOW Snowflake Inc. | New | 0.41% | +0.41 |
| GMED Globus Medical Inc. Class A | New | 0.36% | +0.36 |
| TWLO Twilio Inc. Class A | New | 0.34% | +0.34 |
| NVMI Nova Ltd. | Add +504.5% | 0.39% | +0.33 |
| NFLX Netflix Inc. | Add +1.2% | 0.99% | +0.32 |
| ORCL Oracle Corp. | Add +57.1% | 0.71% | +0.32 |
| HUBS HubSpot Inc. | Add +34.9% | 0.57% | +0.30 |
| EA Electronic Arts Inc. | New | 0.28% | +0.28 |
| ARQT Arcutis Biotherapeutics Inc. | Add +7.2% | 0.58% | +0.27 |
| NUVL Nuvalent Inc. Class A | Add +161.2% | 0.42% | +0.24 |
| ELVN Enliven Therapeutics Inc. | Add +267.6% | 0.30% | +0.22 |
| MLTX Moonlake Immunotherapeutics | Add +120.0% | 0.34% | +0.21 |
| CVLT Commvault Systems Inc. | Add +182.5% | 0.31% | +0.21 |
| DASH DoorDash Inc. Class A | Add +10.0% | 0.63% | +0.21 |
| RNR Renaissancere Holdings Ltd. | Add +5.7% | 1.82% | +0.21 |
| Z Zillow Group Inc. Class C | New | 0.19% | +0.19 |
| RVMD Revolution Medicines Inc. | New | 0.18% | +0.18 |
| TCOM Trip.com Group Ltd.-ADR | Add +37.4% | 0.39% | +0.18 |
| TOST Toast Inc. Class A | New | 0.18% | +0.18 |
| BAC Bank of America Corp. | New | 0.17% | +0.17 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +37.1% | 0.24% | +0.14 |
| APLS Apellis Pharmaceuticals Inc. | Add +45.8% | 0.28% | +0.13 |
| NAMS Newamsterdam Pharma Co. NV | Add +16.3% | 0.25% | +0.13 |
| XENE Xenon Pharmaceuticals Inc. | Add +10.3% | 0.60% | +0.13 |
| GDDY GoDaddy Inc. Class A | New | 0.13% | +0.13 |
| V Visa Inc. Class A | Add +6.2% | 0.40% | +0.12 |
| AXP American Express Co. | Add +198.9% | 0.15% | +0.11 |
| ESNT Essent Group Ltd. | Add +14.9% | 0.83% | +0.10 |
| MRUS Merus NV | Add +34.7% | 0.40% | +0.10 |
| GLOB Globant SA | Add +4.7% | 0.40% | +0.10 |
| DOCS Doximity Inc. Class A | Add +218.9% | 0.12% | +0.09 |
Options Activity Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | put | New | 16,000 | $6.7M |
| AAPL Apple Inc. | call | Reduce -44.0% | 26,350 | $6.6M |
| MSFT Microsoft Corp. | call | Reduce -67.0% | 6,500 | $2.7M |
| XLF SS Financial Select Sector | put | Add +130.8% | 15,000 | $725K |
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
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 20,000,000 | $22.2Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 2 02/15/25) | NOTE 2.000% 2/1 · principal | Sold out | 9,500,000 | $10.3Mbefore exit |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -31.4% | 8,750,000 | $9.6M |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Reduce -32.0% | 8,500,000 | $8.9M |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Sold out | 9,500,000 | $8.7Mbefore exit |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | New | 10,000,000 | $8.6M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 7,500,000 | $8.4Mbefore exit |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Add +33.3% | 6,000,000 | $7.4M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | New | 6,500,000 | $7.2M |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | Sold out | 4,500,000 | $4.7Mbefore exit |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 4,500,000 | $4.5M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Reduce -41.7% | 3,500,000 | $4.0M |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | Sold out | 3,100,000 | $3.8Mbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Reduce -48.5% | 3,400,000 | $3.7M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Sold out | 2,000,000 | $3.7Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 3,500,000 | $3.5Mbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | New | 3,000,000 | $3.2M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 2,000,000 | $2.8Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 3,000,000 | $2.7M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | New | 2,000,000 | $2.0M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | New | 2,000,000 | $2.0M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 1,200,000 | $1.5M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Sold out | 1,000,000 | $1.2Mbefore exit |
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 | 224 | $35.2B | NVDA, AMD, MU, SNDK, LRCX |
| Q1 2026 | 239 | $22.9B | NVDA, AVGO, AMD, META, SNDK |
| Q4 2025 | 259 | $21.9B | NVDA, AVGO, AMD, META, MSFT |
| Q3 2025 | 235 | $20.7B | NVDA, META, AVGO, MSFT, NET |
| Q2 2025 | 249 | $19.0B | NVDA, META, AVGO, MSFT, AMD |
| Q1 2025 | 258 | $16.3B | NVDA, META, MSFT, AVGO, RNR |
| Q4 2024 | 271 | $17.7B | NVDA, META, AVGO, MSFT, AAPL |
| Q3 2024 | 263 | $20.8B | SW, NVDA, META, FERG, MSFT |
| Q2 2024 | 246 | $16.8B | NVDA, MSFT, META, AVGO, GOOG |
| Q1 2024 | 252 | $18.9B | FERG, NVDA, MSFT, INDV, META |