Polar Capital Holdings Plc
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Polar Capital Holdings Plc reported 258 stock positions worth $16.3 billion. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Meta Platforms Class A (META, 5.5%) and Microsoft (MSFT, 2.8%). Compared with Q4 2024, it opened 21 new positions, sold out of 34, added to 102 and reduced 86. The biggest buy was a new position in Alibaba Group Holding-SP ADR (BABA) and the biggest sale Broadcom (AVGO, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001837309
- Portfolio Value
- $16.3B (Q1 2025)
- SEC Filing
- 0001172661-25-002011 ↗ filed May 15, 2025
Holdings Value
Holdings 258 stocks · $16.3B
| NVDA Nvidia Corp. | 6.38% | 9,585,134 | $1.0B | Add +2.0% |
| META Meta Platforms Inc. Class A | 5.49% | 1,550,466 | $893.6M | Add +3.1% |
| MSFT Microsoft Corp. | 2.75% | 1,195,287 | $448.7M | Reduce -21.6% |
| AVGO Broadcom Inc. | 2.44% | 2,371,920 | $397.1M | Reduce -22.4% |
| RNR Renaissancere Holdings Ltd. | 1.99% | 1,353,364 | $324.8M | Add +4.3% |
| ACGL Arch Capital Group Ltd. | 1.90% | 3,213,917 | $309.1M | Reduce -0.7% |
| AAPL Apple Inc. | 1.77% | 1,299,597 | $288.7M | Reduce -13.8% |
| BABA Alibaba Group Holding-SP ADR | 1.74% | 2,143,441 | $283.4M | New |
| CYBR Cyberark Software Ltd./Israel | 1.61% | 775,704 | $262.2M | Add +28.8% |
| FERG Ferguson Enterprises Inc. | 1.57% | 59,250 | $256.6M | Reduce -9.4% |
| NET Cloudflare Inc. Class A | 1.57% | 2,270,357 | $255.8M | Reduce -22.6% |
| SPOT Spotify Technology SA | 1.54% | 456,555 | $251.1M | Add +13.1% |
| AMZN Amazon.com Inc. | 1.39% | 1,187,512 | $225.9M | Reduce -29.5% |
| CB Chubb Ltd. | 1.38% | 747,000 | $225.6M | Add +1.6% |
| MRSH Marsh & McLennan Cos | 1.31% | 874,000 | $213.3M | No change |
| KLAC KLA Corp. | 1.29% | 308,730 | $209.9M | Add +14.9% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.28% | 2,925,000 | $208.1M | No change |
| GOOGL Alphabet Inc. Class A | 1.26% | 1,331,126 | $205.8M | Reduce -28.6% |
| GOOG Alphabet Inc. Class C | 1.23% | 1,287,595 | $201.2M | Reduce -28.6% |
| MELI MercadoLibre Inc. | 1.21% | 100,973 | $197.0M | Add +33.1% |
| NFLX Netflix Inc. | 1.19% | 208,025 | $194.0M | Add +5.8% |
| AMD Advanced Micro Devices | 1.11% | 1,752,561 | $180.1M | Add +236.5% |
| PGR Progressive Corp. | 1.06% | 612,735 | $173.4M | Reduce -0.1% |
| SNOW Snowflake Inc. | 1.04% | 1,153,970 | $168.7M | Add +147.7% |
| ESNT Essent Group Ltd. | 0.94% | 2,650,000 | $153.0M | Reduce -1.9% |
| GLW Corning Inc. | 0.94% | 3,331,510 | $152.5M | Add +27.4% |
| MKL Markel Group Inc. | 0.92% | 80,250 | $150.0M | Add +3.8% |
| EG Everest Group Ltd. | 0.88% | 395,000 | $143.5M | Add +7.1% |
| HOOD Robinhood Markets Inc. Class A | 0.86% | 3,363,569 | $140.0M | Add +0.1% |
| TRV The Travelers Cos Inc. | 0.85% | 523,000 | $138.3M | Add +2.5% |
| SHOP Shopify Inc. Class A | 0.83% | 1,413,899 | $135.0M | Reduce -43.7% |
| MU Micron Technology Inc. | 0.83% | 1,548,741 | $134.6M | Add +15.8% |
| CLS Celestica Inc. | 0.82% | 1,689,233 | $133.1M | Add +5.0% |
| COHR Coherent Corp. | 0.80% | 1,997,965 | $129.7M | Add +22.3% |
| ANET Arista Networks Inc. | 0.79% | 1,661,386 | $128.7M | Reduce -27.6% |
| GEV GE Vernova Inc. | 0.78% | 413,591 | $126.3M | Reduce -27.4% |
| ORCL Oracle Corp. | 0.77% | 894,198 | $125.0M | Add +17.8% |
| ESTC Elastic NV | 0.76% | 1,391,334 | $124.0M | Add +145.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.75% | 347,911 | $122.7M | New |
| ISRG Intuitive Surgical Inc. | 0.75% | 247,303 | $122.5M | Add +0.4% |
| AXON Axon Enterprise Inc. | 0.72% | 221,938 | $116.7M | Add +25.7% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.70% | 2,590,259 | $114.7M | Add +23.1% |
| RYAN Ryan Specialty Holdings Inc. | 0.69% | 1,515,000 | $111.9M | No change |
| TWLO Twilio Inc. Class A | 0.68% | 1,129,470 | $110.6M | Add +100.3% |
| ARQT Arcutis Biotherapeutics Inc. | 0.64% | 6,706,475 | $104.9M | Reduce -9.1% |
| PANW Palo Alto Networks Inc. | 0.62% | 594,491 | $101.4M | Add +19.4% |
| CYTK Cytokinetics Inc. | 0.61% | 2,455,737 | $98.7M | Add +11.8% |
| RGA Reinsurance Group of America | 0.58% | 482,500 | $95.0M | Add +2.4% |
| FLEX Flex Ltd. | 0.57% | 2,791,069 | $92.3M | New |
| XENE Xenon Pharmaceuticals Inc. | 0.54% | 2,623,039 | $88.0M | Reduce -2.8% |
| TSLA Tesla Inc. | 0.53% | 335,491 | $86.9M | Reduce -24.8% |
| HUBS HubSpot Inc. | 0.52% | 147,106 | $84.0M | Add +0.7% |
| SRRK Scholar Rock Holding Corp. | 0.51% | 2,583,371 | $83.1M | Reduce -4.6% |
| APH Amphenol Corp. Class A | 0.51% | 1,263,479 | $82.9M | Reduce -57.8% |
| ASND Ascendis Pharma A/S | 0.50% | 525,000 | $81.8M | Add +75.0% |
| TEAM Atlassian Corp. Class A | 0.50% | 383,046 | $81.3M | Add +1575.3% |
| MMYT Makemytrip Ltd. | 0.48% | 805,867 | $79.0M | Reduce -11.5% |
| MTSI Macom Technology Solutions H | 0.48% | 782,372 | $78.5M | Reduce -26.9% |
| NOW ServiceNow Inc. | 0.48% | 98,100 | $78.1M | Reduce -46.7% |
| CRDO Credo Technology Group Holdi | 0.48% | 1,942,767 | $78.0M | Add +33.9% |
| SWTX Springworks Therapeutics Inc. | 0.47% | 1,750,000 | $77.2M | Add +16.7% |
| GMED Globus Medical Inc. Class A | 0.47% | 1,050,380 | $76.9M | Add +36.3% |
| LLY Eli Lilly & Co. | 0.47% | 93,025 | $76.8M | Reduce -1.9% |
| DASH DoorDash Inc. Class A | 0.47% | 420,357 | $76.8M | Reduce -36.9% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.46% | 280,000 | $75.6M | Reduce -9.7% |
| CIEN Ciena Corp. | 0.46% | 1,234,977 | $74.6M | Reduce -43.1% |
| NTNX Nutanix Inc. Class A | 0.45% | 1,045,465 | $73.0M | Add +50.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 135,916 | $72.4M | Add +12.3% |
| MRUS Merus NV | 0.44% | 1,706,862 | $71.8M | Add +0.0% |
| V Visa Inc. Class A | 0.44% | 203,317 | $71.3M | Reduce -9.0% |
| NVMI Nova Ltd. | 0.43% | 381,730 | $70.4M | Add +7.7% |
| PDD PDD Holdings Inc. | 0.43% | 587,984 | $69.6M | Add +3.2% |
| SE Sea Ltd.-ADR | 0.42% | 528,832 | $69.0M | Add +5.9% |
| UNH Unitedhealth Group Inc. | 0.42% | 129,226 | $67.7M | Add +17.4% |
| NUVL Nuvalent Inc. Class A | 0.41% | 946,723 | $67.1M | No change |
| CVLT Commvault Systems Inc. | 0.41% | 423,843 | $66.9M | Add +16.8% |
| TCOM Trip.com Group Ltd.-ADR | 0.41% | 1,037,768 | $66.0M | Add +2.5% |
| ARM Arm Holdings PLC-ADR | 0.40% | 611,759 | $65.3M | Reduce -19.9% |
| MA Mastercard Inc. Class A | 0.38% | 113,828 | $62.4M | Add +22.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.38% | 6,075,317 | $62.2M | Add +13.1% |
| MRVL Marvell Technology Inc. | 0.37% | 985,171 | $60.7M | Reduce -42.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.37% | 125,000 | $60.6M | Reduce -28.6% |
| PLTR Palantir Technologies Inc. Class A | 0.37% | 711,647 | $60.1M | Add +198.7% |
| ALAB Astera Labs Inc. | 0.36% | 990,796 | $59.1M | Add +3.5% |
| INSM Insmed Inc. | 0.34% | 728,755 | $55.6M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 0.34% | 224,007 | $54.9M | Reduce -3.6% |
| MIRM Mirum Pharmaceuticals Inc. | 0.33% | 1,175,000 | $52.9M | Add +74.1% |
| BRO Brown & Brown Inc. | 0.32% | 425,000 | $52.9M | Add +3.0% |
| RNAM Avidity Biosciences Inc. | 0.32% | 1,788,868 | $52.8M | Add +40.6% |
| FSLR First Solar Inc. | 0.32% | 417,069 | $52.7M | Add +68.3% |
| IOT Samsara Inc. Class A | 0.32% | 1,365,601 | $52.3M | Add +53.5% |
| AFL Aflac Inc. | 0.31% | 460,000 | $51.1M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 204,741 | $50.9M | New |
| TRUP Trupanion Inc. | 0.31% | 1,350,000 | $50.3M | Add +8.0% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.31% | 150,220 | $49.8M | Add +9.1% |
| Z Zillow Group Inc. Class C | 0.30% | 722,617 | $49.5M | Add +59.7% |
| BPMC Blueprint Medicines Corp. | 0.29% | 541,379 | $47.9M | Reduce -13.6% |
| BSX Boston Scientific Corp. | 0.29% | 471,113 | $47.5M | Reduce -0.8% |
| ELVN Enliven Therapeutics Inc. | 0.29% | 2,365,294 | $46.5M | Reduce -1.0% |
| NAMS Newamsterdam Pharma Co. NV | 0.28% | 2,250,000 | $46.1M | Add +28.6% |
Options reported separately and not counted above: AAPL calls ($6.2M), MSFT calls ($6.0M).
Other holdings (26): bonds, preferreds, convertibles and warrants · $119.1M (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 | $19.1M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 9,500,000 | $11.6M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 9,500,000 | $9.9M | Add +46.1% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 5,500,000 | $6.5M | Add +83.3% |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 6,000,000 | $5.8M | New |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 4,500,000 | $5.7M | Add +50.0% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 4,000,000 | $5.3M | Reduce -33.3% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 4,531,000 | $5.2M | Add +5.4% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 6,000,000 | $5.1M | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 5,000,000 | $5.0M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 3,750,000 | $4.4M | Reduce -57.1% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 3,000,000 | $4.2M | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 3,000,000 | $4.1M | No change |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 3,000,000 | $3.3M | New |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 3,400,000 | $3.2M | No change |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 3,000,000 | $3.0M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,500,000 | $2.9M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 3,000,000 | $2.7M | No change |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 2,000,000 | $2.4M | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 2,000,000 | $2.3M | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,000,000 | $2.0M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 1,500,000 | $1.7M | New |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 1,500,000 | $1.5M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,000,000 | $1.2M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 1,000,000 | $1.1M | New |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 3,000,000 | $3K | New |
Total filed on the 13F, all lines: $16.4B.
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -22.4% | 2.44% | −1.55 |
| MSFT Microsoft Corp. | Reduce -21.6% | 2.75% | −0.87 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.81 |
| GOOGL Alphabet Inc. Class A | Reduce -28.6% | 1.26% | −0.73 |
| GOOG Alphabet Inc. Class C | Reduce -28.6% | 1.23% | −0.70 |
| AMZN Amazon.com Inc. | Reduce -29.5% | 1.39% | −0.70 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.69 |
| MRVL Marvell Technology Inc. | Reduce -42.1% | 0.37% | −0.69 |
| SHOP Shopify Inc. Class A | Reduce -43.7% | 0.83% | −0.68 |
| APH Amphenol Corp. Class A | Reduce -57.8% | 0.51% | −0.66 |
| ANET Arista Networks Inc. | Reduce -27.6% | 0.79% | −0.64 |
| NOW ServiceNow Inc. | Reduce -46.7% | 0.48% | −0.62 |
| CIEN Ciena Corp. | Reduce -43.1% | 0.46% | −0.58 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.52 |
| TSLA Tesla Inc. | Reduce -24.8% | 0.53% | −0.48 |
| AMGN Amgen Inc. | Reduce -98.7% | 0.01% | −0.40 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.38 |
| AAPL Apple Inc. | Reduce -13.8% | 1.77% | −0.36 |
| RYTM Rhythm Pharmaceuticals Inc. | Reduce -66.7% | 0.16% | −0.31 |
| MTSI Macom Technology Solutions H | Reduce -26.9% | 0.48% | −0.30 |
| GEV GE Vernova Inc. | Reduce -27.4% | 0.78% | −0.28 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.28 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −0.25 |
| BEKE Ke Holdings Inc.-ADR | Reduce -99.5% | 0.00% | −0.24 |
| ABBV Abbvie Inc. | Reduce -97.5% | 0.01% | −0.21 |
| NET Cloudflare Inc. Class A | Reduce -22.6% | 1.57% | −0.21 |
| DASH DoorDash Inc. Class A | Reduce -36.9% | 0.47% | −0.16 |
| SRRK Scholar Rock Holding Corp. | Reduce -4.6% | 0.51% | −0.15 |
| PLRX Pliant Therapeutics Inc. | Sold out | 0.00% | −0.15 |
| ETN Eaton Corp. PLC | Reduce -67.6% | 0.06% | −0.14 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.13 |
| ARM Arm Holdings PLC-ADR | Reduce -19.9% | 0.40% | −0.13 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.13 |
| MNDY Monday.com Ltd. | Reduce -51.5% | 0.14% | −0.12 |
| ADI Analog Devices Inc. | Reduce -7.1% | 0.02% | −0.11 |
| MMYT Makemytrip Ltd. | Reduce -11.5% | 0.48% | −0.09 |
| IBKR Interactive Brokers Gro Class A | Reduce -39.5% | 0.14% | −0.09 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.08 |
| ROIV Roivant Sciences Ltd. | Reduce -28.6% | 0.15% | −0.08 |
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −0.08 |
| PTGX Protagonist Therapeutics Inc. | Sold out | 0.00% | −0.08 |
| TSEM Tower Semiconductor Ltd. | Reduce -86.8% | 0.01% | −0.08 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.07 |
| SUPN Supernus Pharmaceuticals Inc. | Reduce -19.3% | 0.27% | −0.07 |
| USB US Bancorp | Sold out | 0.00% | −0.07 |
| CLDX Celldex Therapeutics Inc. | Reduce -10.4% | 0.16% | −0.07 |
| CRTO Criteo SA-Spon | Sold out | 0.00% | −0.06 |
| CNQ Canadian Natural Resources | Sold out | 0.00% | −0.06 |
| XENE Xenon Pharmaceuticals Inc. | Reduce -2.8% | 0.54% | −0.06 |
| CRH CRH PLC | Reduce -36.2% | 0.11% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| BABA Alibaba Group Holding-SP ADR | New | 1.74% | +1.74 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.75% | +0.75 |
| AMD Advanced Micro Devices | Add +236.5% | 1.11% | +0.75 |
| SNOW Snowflake Inc. | Add +147.7% | 1.04% | +0.63 |
| FLEX Flex Ltd. | New | 0.57% | +0.57 |
| META Meta Platforms Inc. Class A | Add +3.1% | 5.49% | +0.53 |
| SPOT Spotify Technology SA | Add +13.1% | 1.54% | +0.52 |
| MELI MercadoLibre Inc. | Add +33.1% | 1.21% | +0.48 |
| CYBR Cyberark Software Ltd./Israel | Add +28.8% | 1.61% | +0.48 |
| TEAM Atlassian Corp. Class A | Add +1575.3% | 0.50% | +0.47 |
| ESTC Elastic NV | Add +145.3% | 0.76% | +0.44 |
| TWLO Twilio Inc. Class A | Add +100.3% | 0.68% | +0.34 |
| KLAC KLA Corp. | Add +14.9% | 1.29% | +0.33 |
| IBM Intl Business Machines Corp. | New | 0.31% | +0.31 |
| ASND Ascendis Pharma A/S | Add +75.0% | 0.50% | +0.27 |
| PLTR Palantir Technologies Inc. Class A | Add +198.7% | 0.37% | +0.27 |
| GRAB Grab Holdings Ltd. Class A | New | 0.26% | +0.26 |
| CB Chubb Ltd. | Add +1.6% | 1.38% | +0.24 |
| GLW Corning Inc. | Add +27.4% | 0.94% | +0.24 |
| NPCE Neuropace Inc. | New | 0.22% | +0.22 |
| SLNO Soleno Therapeutics Inc. | New | 0.22% | +0.22 |
| NTNX Nutanix Inc. Class A | Add +50.3% | 0.45% | +0.21 |
| NFLX Netflix Inc. | Add +5.8% | 1.19% | +0.20 |
| MU Micron Technology Inc. | Add +15.8% | 0.83% | +0.19 |
| ABT Abbott Laboratories | New | 0.19% | +0.19 |
| RNR Renaissancere Holdings Ltd. | Add +4.3% | 1.99% | +0.17 |
| MKL Markel Group Inc. | Add +3.8% | 0.92% | +0.17 |
| SWTX Springworks Therapeutics Inc. | Add +16.7% | 0.47% | +0.17 |
| MIRM Mirum Pharmaceuticals Inc. | Add +74.1% | 0.33% | +0.17 |
| TRV The Travelers Cos Inc. | Add +2.5% | 0.85% | +0.16 |
| CAH Cardinal Health Inc. | New | 0.16% | +0.16 |
| HOOD Robinhood Markets Inc. Class A | Add +0.1% | 0.86% | +0.15 |
| RARE Ultragenyx Pharmaceutical Inc. | New | 0.14% | +0.14 |
| VRT Vertiv Holdings Co. Class A | Add +423.4% | 0.19% | +0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +12.3% | 0.44% | +0.14 |
| EG Everest Group Ltd. | Add +7.1% | 0.88% | +0.13 |
| APGE Apogee Therapeutics Inc. | New | 0.13% | +0.13 |
| AXON Axon Enterprise Inc. | Add +25.7% | 0.72% | +0.13 |
| SE Sea Ltd.-ADR | Add +5.9% | 0.42% | +0.13 |
| DOCS Doximity Inc. Class A | Add +75.2% | 0.24% | +0.12 |
| KSPI JSC Kaspi.kz ADR | New | 0.12% | +0.12 |
| PDD PDD Holdings Inc. | Add +3.2% | 0.43% | +0.12 |
| RNAM Avidity Biosciences Inc. | Add +40.6% | 0.32% | +0.12 |
| Z Zillow Group Inc. Class C | Add +59.7% | 0.30% | +0.12 |
| GMED Globus Medical Inc. Class A | Add +36.3% | 0.47% | +0.11 |
| PANW Palo Alto Networks Inc. | Add +19.4% | 0.62% | +0.11 |
| ETNB 89BIO Inc. | New | 0.11% | +0.11 |
| MA Mastercard Inc. Class A | Add +22.0% | 0.38% | +0.11 |
| RBLX Roblox Corp. Class A | Add +157.3% | 0.16% | +0.10 |
| IOT Samsara Inc. Class A | Add +53.5% | 0.32% | +0.10 |
Options Activity Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | put | Sold out | 16,000 | $6.7Mbefore exit |
| AAPL Apple Inc. | call | Add +6.2% | 27,985 | $6.2M |
| MSFT Microsoft Corp. | call | Add +144.6% | 15,900 | $6.0M |
| XLF SS Financial Select Sector | put | Sold out | 15,000 | $725Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | Sold out | 14,240,000 | $14.2Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 9,500,000 | $11.6M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Add +46.1% | 9,500,000 | $9.9M |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Sold out | 8,500,000 | $8.9Mbefore exit |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Sold out | 10,000,000 | $8.6Mbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +83.3% | 5,500,000 | $6.5M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | New | 6,000,000 | $5.8M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Add +50.0% | 4,500,000 | $5.7M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Reduce -33.3% | 4,000,000 | $5.3M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Add +5.4% | 4,531,000 | $5.2M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | New | 6,000,000 | $5.1M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | New | 5,000,000 | $5.0M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Sold out | 4,500,000 | $4.5Mbefore exit |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -57.1% | 3,750,000 | $4.4M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | New | 3,000,000 | $4.2M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Sold out | 3,500,000 | $4.0Mbefore exit |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | New | 3,000,000 | $3.3M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | New | 3,000,000 | $3.0M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | New | 2,500,000 | $2.9M |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | New | 2,000,000 | $2.4M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Sold out | 2,000,000 | $2.0Mbefore exit |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | New | 1,500,000 | $1.7M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | New | 1,500,000 | $1.5M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 1,200,000 | $1.5Mbefore exit |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Sold out | 1,000,000 | $1.2Mbefore exit |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | New | 1,000,000 | $1.1M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | New | 3,000,000 | $3K |
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 |