Polar Capital Holdings Plc
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Polar Capital Holdings Plc reported 235 stock positions worth $20.7 billion. Its top holding was Nvidia (NVDA) at 8.7% of the portfolio, followed by Meta Platforms Class A (META, 5.0%) and Broadcom (AVGO, 4.5%). Compared with Q2 2025, it opened 32 new positions, sold out of 46, added to 95 and reduced 87. The biggest buy was Lam Research (LRCX, shares +105%) and the biggest sale Spotify Technology (SPOT, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001837309
- Portfolio Value
- $20.7B (Q3 2025)
- SEC Filing
- 0001172661-25-004921 ↗ filed Nov 14, 2025
Holdings Value
Holdings 235 stocks · $20.7B
| NVDA Nvidia Corp. | 8.74% | 9,672,569 | $1.8B | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 5.03% | 1,415,287 | $1.0B | Add +2.9% |
| AVGO Broadcom Inc. | 4.55% | 2,846,122 | $939.0M | Reduce -5.7% |
| MSFT Microsoft Corp. | 3.37% | 1,344,217 | $696.2M | Reduce -2.9% |
| NET Cloudflare Inc. Class A | 1.86% | 1,793,515 | $384.9M | Reduce -6.3% |
| LRCX Lam Research Corp. | 1.85% | 2,856,262 | $382.5M | Add +105.3% |
| KLAC KLA Corp. | 1.80% | 344,077 | $371.1M | Add +52.6% |
| STX Seagate Technology Holdings | 1.69% | 1,479,369 | $349.2M | Add +35.2% |
| RNR Renaissancere Holdings Ltd. | 1.68% | 1,367,752 | $347.3M | Add +0.0% |
| GLW Corning Inc. | 1.59% | 4,011,153 | $329.0M | Add +141.2% |
| AAPL Apple Inc. | 1.57% | 1,270,729 | $323.6M | Add +22.6% |
| ACGL Arch Capital Group Ltd. | 1.48% | 3,380,500 | $306.7M | Reduce -0.3% |
| MU Micron Technology Inc. | 1.47% | 1,815,527 | $303.8M | Add +3.6% |
| AMD Advanced Micro Devices | 1.44% | 1,835,264 | $296.9M | Reduce -42.1% |
| CRDO Credo Technology Group Holdi | 1.30% | 1,849,082 | $269.2M | Reduce -22.6% |
| GOOG Alphabet Inc. Class C | 1.29% | 1,092,910 | $266.2M | Add +13.3% |
| CLS Celestica Inc. | 1.23% | 1,027,694 | $253.2M | Reduce -27.0% |
| ORCL Oracle Corp. | 1.22% | 898,990 | $252.8M | Reduce -37.9% |
| GOOGL Alphabet Inc. Class A | 1.19% | 1,010,553 | $245.7M | Add +4.5% |
| LITE Lumentum Holdings Inc. | 1.17% | 1,482,376 | $241.2M | Reduce -9.8% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 1.15% | 2,831,141 | $237.3M | Add +90.5% |
| HOOD Robinhood Markets Inc. Class A | 1.12% | 1,614,713 | $231.2M | Reduce -54.7% |
| WDC Western Digital Corp. | 1.07% | 1,847,408 | $221.8M | New |
| CIEN Ciena Corp. | 1.03% | 1,463,211 | $213.1M | Add +13.9% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.02% | 2,750,000 | $210.7M | Reduce -6.0% |
| CB Chubb Ltd. | 0.99% | 727,500 | $205.3M | Reduce -3.0% |
| ANET Arista Networks Inc. | 0.93% | 1,317,210 | $191.9M | Add +30.3% |
| AMZN Amazon.com Inc. | 0.91% | 851,862 | $187.0M | Reduce -17.6% |
| MRSH Marsh & McLennan Cos | 0.89% | 910,000 | $183.4M | No change |
| TTMI TTM Technologies | 0.85% | 3,062,083 | $176.4M | New |
| APH Amphenol Corp. Class A | 0.85% | 1,418,724 | $175.6M | Reduce -31.3% |
| RDDT Reddit Inc. Class A | 0.84% | 758,762 | $174.5M | Add +79.2% |
| ASND Ascendis Pharma A/S | 0.83% | 857,911 | $170.6M | Add +2.4% |
| MELI MercadoLibre Inc. | 0.80% | 70,602 | $165.0M | Reduce -26.4% |
| SHOP Shopify Inc. Class A | 0.79% | 1,100,026 | $163.5M | Reduce -31.8% |
| ESNT Essent Group Ltd. | 0.77% | 2,500,000 | $158.9M | Reduce -6.5% |
| APP AppLovin Corp. Class A | 0.74% | 213,117 | $153.1M | New |
| SNOW Snowflake Inc. | 0.74% | 678,828 | $153.1M | Reduce -21.9% |
| CYTK Cytokinetics Inc. | 0.74% | 2,782,930 | $152.9M | Reduce -0.6% |
| MKL Markel Group Inc. | 0.73% | 78,500 | $150.0M | Reduce -6.5% |
| DASH DoorDash Inc. Class A | 0.71% | 540,369 | $147.0M | Reduce -20.0% |
| SNDK Sandisk Corp. | 0.71% | 1,302,523 | $146.1M | New |
| VRT Vertiv Holdings Co. Class A | 0.70% | 964,782 | $145.5M | Reduce -58.8% |
| RBLX Roblox Corp. Class A | 0.70% | 1,047,835 | $145.1M | Add +155.4% |
| TRV The Travelers Cos Inc. | 0.70% | 515,500 | $143.9M | Reduce -1.4% |
| EG Everest Group Ltd. | 0.70% | 410,500 | $143.8M | No change |
| CVNA Carvana Co. | 0.67% | 368,024 | $138.8M | New |
| GEV GE Vernova Inc. | 0.63% | 212,545 | $130.7M | Reduce -56.6% |
| FN Fabrinet | 0.61% | 347,304 | $126.6M | Reduce -47.2% |
| RYTM Rhythm Pharmaceuticals Inc. | 0.61% | 1,244,932 | $125.7M | Reduce -0.5% |
| RNAM Avidity Biosciences Inc. | 0.59% | 2,796,760 | $121.9M | Add +58.0% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.59% | 265,154 | $121.6M | Add +17.6% |
| BABA Alibaba Group Holding-SP ADR | 0.56% | 648,396 | $115.9M | Reduce -8.9% |
| PGR Progressive Corp. | 0.56% | 469,136 | $115.9M | Reduce -15.5% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.56% | 251,460 | $114.7M | Add +5.9% |
| RGA Reinsurance Group of America | 0.54% | 576,591 | $110.8M | Add +7.3% |
| PLTR Palantir Technologies Inc. Class A | 0.53% | 604,588 | $110.3M | Reduce -9.3% |
| XENE Xenon Pharmaceuticals Inc. | 0.49% | 2,546,766 | $102.3M | Reduce -5.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.48% | 6,256,747 | $100.2M | Reduce -9.4% |
| ARQT Arcutis Biotherapeutics Inc. | 0.48% | 5,298,754 | $99.9M | Add +5.8% |
| SPOT Spotify Technology SA | 0.47% | 138,512 | $96.7M | Reduce -66.5% |
| TSLA Tesla Inc. | 0.46% | 214,383 | $95.3M | Reduce -28.6% |
| RYAN Ryan Specialty Holdings Inc. | 0.46% | 1,687,500 | $95.1M | Add +11.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.46% | 334,273 | $94.3M | Add +523.1% |
| SE Sea Ltd.-ADR | 0.44% | 504,419 | $90.2M | Reduce -3.3% |
| UBER Uber Technologies Inc. | 0.44% | 919,560 | $90.1M | Reduce -10.4% |
| REGN Regeneron Pharmaceuticals | 0.43% | 158,817 | $89.3M | Add +126.9% |
| FLEX Flex Ltd. | 0.43% | 1,527,361 | $88.5M | Reduce -59.3% |
| NUVL Nuvalent Inc. Class A | 0.43% | 1,022,225 | $88.4M | Add +25.3% |
| AXON Axon Enterprise Inc. | 0.41% | 117,130 | $84.1M | Reduce -26.0% |
| NAMS Newamsterdam Pharma Co. NV | 0.40% | 2,911,634 | $82.8M | Add +15.6% |
| TEVA Teva Pharmaceutical-SP ADR | 0.39% | 4,009,082 | $81.0M | New |
| SLNO Soleno Therapeutics Inc. | 0.39% | 1,191,123 | $80.5M | Add +45.7% |
| GRAB Grab Holdings Ltd. Class A | 0.38% | 13,047,010 | $78.5M | Add +15.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.38% | 159,476 | $78.2M | Reduce -41.0% |
| TCOM Trip.com Group Ltd.-ADR | 0.37% | 1,014,524 | $76.3M | Add +0.1% |
| PDD PDD Holdings Inc. | 0.36% | 555,898 | $73.5M | Reduce -3.3% |
| HGTY Hagerty Inc. Class A | 0.34% | 5,817,416 | $70.0M | Add +9.4% |
| IONS Ionis Pharmaceuticals Inc. | 0.33% | 1,033,622 | $67.6M | Add +3.4% |
| LLY Eli Lilly & Co. | 0.31% | 84,611 | $64.6M | Add +19.8% |
| BSX Boston Scientific Corp. | 0.31% | 654,258 | $63.9M | Add +44.0% |
| RDNT Radnet Inc. | 0.31% | 832,214 | $63.4M | New |
| ELVN Enliven Therapeutics Inc. | 0.31% | 3,095,007 | $63.4M | Add +1.5% |
| BRO Brown & Brown Inc. | 0.31% | 675,000 | $63.3M | Add +25.0% |
| EHC Encompass Health Corp. | 0.30% | 486,430 | $61.8M | Add +9.1% |
| NFLX Netflix Inc. | 0.30% | 51,361 | $61.6M | Reduce -67.6% |
| AVDL Avadel Pharmaceuticals Ltd. | 0.30% | 3,999,338 | $61.1M | No change |
| ALAB Astera Labs Inc. | 0.29% | 310,617 | $60.8M | Reduce -56.3% |
| MIRM Mirum Pharmaceuticals Inc. | 0.29% | 820,552 | $60.2M | Reduce -15.8% |
| APLS Apellis Pharmaceuticals Inc. | 0.29% | 2,650,230 | $60.0M | Add +96.0% |
| IRTC Irhythm Holdings Inc. | 0.28% | 335,908 | $57.8M | Add +24782.1% |
| TRUP Trupanion Inc. | 0.27% | 1,300,000 | $56.3M | No change |
| V Visa Inc. Class A | 0.27% | 160,943 | $54.9M | Add +2.3% |
| INSM Insmed Inc. | 0.26% | 371,887 | $53.6M | Reduce -46.7% |
| COHR Coherent Corp. | 0.25% | 483,865 | $52.1M | Reduce -76.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 101,918 | $51.2M | Reduce -12.9% |
| BBIO Bridgebio Pharma Inc. | 0.25% | 981,058 | $51.0M | New |
| AFL Aflac Inc. | 0.24% | 452,000 | $50.5M | Reduce -1.7% |
| AKRO Akero Therapeutics Inc. | 0.24% | 1,058,776 | $50.3M | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.23% | 586,755 | $47.9M | Reduce -0.2% |
Options reported separately and not counted above: AAPL calls ($16.5M), GOOGL calls ($12.1M), MSFT calls ($8.1M).
Other holdings (16): bonds, preferreds, convertibles and warrants · $86.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 15,000,000 | $14.7M | New |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 12,500,000 | $12.6M | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 11,000,000 | $9.9M | New |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 8,000,000 | $8.9M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 5,000,000 | $6.8M | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 3,000,000 | $4.4M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 4,500,000 | $4.0M | New |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 2,000,000 | $3.8M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 2,500,000 | $3.4M | No change |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 2,500,000 | $3.2M | No change |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 2,000,000 | $3.2M | New |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 2,500,000 | $3.0M | New |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 2,500,000 | $2.9M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 2,500,000 | $2.7M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,000,000 | $1.3M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 1,000,000 | $1.2M | No change |
Total filed on the 13F, all lines: $20.7B.
Portfolio Sells Q2 2025 → Q3 2025
| SPOT Spotify Technology SA | Reduce -66.5% | 0.47% | −1.20 |
| AMD Advanced Micro Devices | Reduce -42.1% | 1.44% | −0.93 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.91 |
| VRT Vertiv Holdings Co. Class A | Reduce -58.8% | 0.70% | −0.88 |
| NFLX Netflix Inc. | Reduce -67.6% | 0.30% | −0.82 |
| GEV GE Vernova Inc. | Reduce -56.6% | 0.63% | −0.73 |
| COHR Coherent Corp. | Reduce -76.5% | 0.25% | −0.71 |
| MTSI Macom Technology Solutions H | Sold out | 0.00% | −0.70 |
| HOOD Robinhood Markets Inc. Class A | Reduce -54.7% | 1.12% | −0.64 |
| FLEX Flex Ltd. | Reduce -59.3% | 0.43% | −0.56 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.55 |
| MELI MercadoLibre Inc. | Reduce -26.4% | 0.80% | −0.52 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.52 |
| MRUS Merus NV | Sold out | 0.00% | −0.45 |
| ORCL Oracle Corp. | Reduce -37.9% | 1.22% | −0.44 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.44 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.42 |
| FN Fabrinet | Reduce -47.2% | 0.61% | −0.41 |
| NVMI Nova Ltd. | Sold out | 0.00% | −0.38 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -41.0% | 0.38% | −0.35 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −0.33 |
| MSFT Microsoft Corp. | Reduce -2.9% | 3.37% | −0.31 |
| AMZN Amazon.com Inc. | Reduce -17.6% | 0.91% | −0.29 |
| SNOW Snowflake Inc. | Reduce -21.9% | 0.74% | −0.28 |
| AXON Axon Enterprise Inc. | Reduce -26.0% | 0.41% | −0.28 |
| APH Amphenol Corp. Class A | Reduce -31.3% | 0.85% | −0.22 |
| PGR Progressive Corp. | Reduce -15.5% | 0.56% | −0.22 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.21 |
| ISRG Intuitive Surgical Inc. | Reduce -57.4% | 0.09% | −0.19 |
| MMSI Merit Medical Systems Inc. | Sold out | 0.00% | −0.19 |
| SHOP Shopify Inc. Class A | Reduce -31.8% | 0.79% | −0.19 |
| ITGR Integer Holdings Corp. | Sold out | 0.00% | −0.17 |
| SUPN Supernus Pharmaceuticals Inc. | Sold out | 0.00% | −0.17 |
| DASH DoorDash Inc. Class A | Reduce -20.0% | 0.71% | −0.17 |
| MKL Markel Group Inc. | Reduce -6.5% | 0.73% | −0.16 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.15 |
| CB Chubb Ltd. | Reduce -3.0% | 0.99% | −0.15 |
| ACGL Arch Capital Group Ltd. | Reduce -0.3% | 1.48% | −0.14 |
| SRRK Scholar Rock Holding Corp. | Reduce -47.1% | 0.14% | −0.14 |
| ETNB 89BIO Inc. | Sold out | 0.00% | −0.13 |
| ATR Aptargroup Inc. | Sold out | 0.00% | −0.12 |
| PCRX Pacira Biosciences Inc. | Sold out | 0.00% | −0.11 |
| WRB WR Berkley Corp. | Reduce -6.0% | 1.02% | −0.11 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.11 |
| INSM Insmed Inc. | Reduce -46.7% | 0.26% | −0.11 |
| NET Cloudflare Inc. Class A | Reduce -6.3% | 1.86% | −0.11 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.10 |
| DE Deere & Co. | Sold out | 0.00% | −0.10 |
| BRKR Bruker Corp. | Sold out | 0.00% | −0.10 |
| ALC Alcon Inc. | Sold out | 0.00% | −0.09 |
Portfolio Buys Q2 2025 → Q3 2025
| LRCX Lam Research Corp. | Add +105.3% | 1.85% | +1.14 |
| GLW Corning Inc. | Add +141.2% | 1.59% | +1.13 |
| WDC Western Digital Corp. | New | 1.07% | +1.07 |
| STX Seagate Technology Holdings | Add +35.2% | 1.69% | +0.86 |
| TTMI TTM Technologies | New | 0.85% | +0.85 |
| APP AppLovin Corp. Class A | New | 0.74% | +0.74 |
| KLAC KLA Corp. | Add +52.6% | 1.80% | +0.73 |
| SNDK Sandisk Corp. | New | 0.71% | +0.71 |
| P Everpure Inc. Class A | Add +90.5% | 1.15% | +0.70 |
| CVNA Carvana Co. | New | 0.67% | +0.67 |
| RDDT Reddit Inc. Class A | Add +79.2% | 0.84% | +0.51 |
| CIEN Ciena Corp. | Add +13.9% | 1.03% | +0.48 |
| RBLX Roblox Corp. Class A | Add +155.4% | 0.70% | +0.48 |
| AAPL Apple Inc. | Add +22.6% | 1.57% | +0.46 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.39% | +0.39 |
| GOOG Alphabet Inc. Class C | Add +13.3% | 1.29% | +0.39 |
| ANET Arista Networks Inc. | Add +30.3% | 0.93% | +0.38 |
| IBM Intl Business Machines Corp. | Add +523.1% | 0.46% | +0.37 |
| MU Micron Technology Inc. | Add +3.6% | 1.47% | +0.33 |
| RNAM Avidity Biosciences Inc. | Add +58.0% | 0.59% | +0.33 |
| RDNT Radnet Inc. | New | 0.31% | +0.31 |
| GOOGL Alphabet Inc. Class A | Add +4.5% | 1.19% | +0.29 |
| IRTC Irhythm Holdings Inc. | Add +24782.1% | 0.28% | +0.28 |
| BBIO Bridgebio Pharma Inc. | New | 0.25% | +0.25 |
| AKRO Akero Therapeutics Inc. | New | 0.24% | +0.24 |
| REGN Regeneron Pharmaceuticals | Add +126.9% | 0.43% | +0.24 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +17.6% | 0.59% | +0.23 |
| MLYS Mineralys Therapeutics Inc. | New | 0.19% | +0.19 |
| APLS Apellis Pharmaceuticals Inc. | Add +96.0% | 0.29% | +0.17 |
| NAMS Newamsterdam Pharma Co. NV | Add +15.6% | 0.40% | +0.16 |
| NPCE Neuropace Inc. | New | 0.15% | +0.15 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +5.9% | 0.56% | +0.15 |
| DNTH Dianthus Therapeutics Inc. | New | 0.14% | +0.14 |
| RAPP Rapport Therapeutics Inc. | New | 0.14% | +0.14 |
| TME Tencent Music Entertainm-ADR | New | 0.13% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | New | 0.13% | +0.13 |
| IONS Ionis Pharmaceuticals Inc. | Add +3.4% | 0.33% | +0.12 |
| STE Steris PLC | New | 0.12% | +0.12 |
| ARQT Arcutis Biotherapeutics Inc. | Add +5.8% | 0.48% | +0.11 |
| DXCM Dexcom Inc. | New | 0.10% | +0.10 |
| NUVL Nuvalent Inc. Class A | Add +25.3% | 0.43% | +0.10 |
| CNC Centene Corp. | Add +376.9% | 0.15% | +0.10 |
| STOK Stoke Therapeutics Inc. | Add +49.8% | 0.15% | +0.10 |
| DAL Delta Air Lines Inc. | New | 0.09% | +0.09 |
| GRAB Grab Holdings Ltd. Class A | Add +15.3% | 0.38% | +0.08 |
| JLL Jones Lang Lasalle Inc. | Add +123.5% | 0.13% | +0.08 |
| MDB Mongodb Inc. | New | 0.08% | +0.08 |
| FROG Jfrog Ltd. | Add +142.6% | 0.12% | +0.07 |
| ROIV Roivant Sciences Ltd. | Add +59.9% | 0.14% | +0.07 |
| IQV Iqvia Holdings Inc. | New | 0.07% | +0.07 |
Options Activity Q2 2025 → Q3 2025
| NPCE Neuropace Inc. | call | Sold out | 3,097,868 | $34.5Mbefore exit |
| AAPL Apple Inc. | call | New | 64,900 | $16.5M |
| GOOGL Alphabet Inc. Class A | call | New | 49,962 | $12.1M |
| MSFT Microsoft Corp. | call | New | 15,650 | $8.1M |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | call | Sold out | 2,750,000 | $3.7Mbefore exit |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | call | Sold out | 3,000,000 | $2.9Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 15,000,000 | $14.7M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | New | 12,500,000 | $12.6M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 9,500,000 | $11.2Mbefore exit |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | New | 11,000,000 | $9.9M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | New | 8,000,000 | $8.9M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Sold out | 5,260,000 | $6.9Mbefore exit |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | New | 5,000,000 | $6.8M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Sold out | 6,000,000 | $5.9Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Sold out | 4,000,000 | $5.7Mbefore exit |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | New | 4,500,000 | $4.0M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Sold out | 3,000,000 | $3.8Mbefore exit |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | New | 2,000,000 | $3.8M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Sold out | 3,031,000 | $3.8Mbefore exit |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | Sold out | 3,000,000 | $3.4Mbefore exit |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 2,500,000 | $3.2Mbefore exit |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | New | 2,000,000 | $3.2M |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | New | 2,500,000 | $3.0M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Sold out | 2,000,000 | $2.1Mbefore exit |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Sold out | 1,500,000 | $1.6Mbefore exit |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 1,000,000 | $1.1Mbefore 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 |