Polar Capital Holdings Plc

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Polar Capital Holdings Plc reported 259 stock positions worth $21.9 billion. Its top holding was Nvidia (NVDA) at 8.3% of the portfolio, followed by Broadcom (AVGO, 4.3%) and Advanced Micro Devices (AMD, 2.7%). Compared with Q3 2025, it opened 61 new positions, sold out of 37, added to 79 and reduced 113. The biggest buy was Advanced Micro Devices (AMD, shares +50%) and the biggest sale Meta Platforms Class A (META, shares −38%).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001837309
Portfolio Value
$21.9B (Q4 2025)
SEC Filing
0001172661-26-000823 ↗ filed Feb 17, 2026

Holdings Value

0$10.0B$20.0B$30.0B$40.0B Q1 2024: $18.9B Q1 2024 Q2 2024: $16.8B Q2 2024 Q3 2024: $20.8B Q3 2024 Q4 2024: $17.7B Q4 2024 Q1 2025: $16.3B Q1 2025 Q2 2025: $19.0B Q2 2025 Q3 2025: $20.7B Q3 2025 Q4 2025: $21.9B $21.9B Q4 2025 Q1 2026: $22.9B Q1 2026 Q2 2026: $35.2B Q2 2026

Holdings 259 stocks · $21.9B
NVDA Nvidia Corp. 8.26% 9,693,690 $1.8B Add +0.2%
AVGO Broadcom Inc. 4.30% 2,716,852 $940.3M Reduce -4.5%
AMD Advanced Micro Devices 2.70% 2,759,230 $590.9M Add +50.4%
META Meta Platforms Inc. Class A 2.65% 877,058 $578.9M Reduce -38.0%
MSFT Microsoft Corp. 2.35% 1,064,849 $515.0M Reduce -20.8%
LRCX Lam Research Corp. 2.25% 2,873,948 $492.0M Add +0.6%
GOOGL Alphabet Inc. Class A 2.23% 1,558,761 $487.9M Add +54.3%
GOOG Alphabet Inc. Class C 2.17% 1,509,724 $473.8M Add +38.1%
KLAC KLA Corp. 1.90% 342,199 $415.8M Reduce -0.6%
AAPL Apple Inc. 1.83% 1,472,639 $400.4M Add +15.9%
LITE Lumentum Holdings Inc. 1.73% 1,029,297 $379.4M Reduce -30.6%
RNR Renaissancere Holdings Ltd. 1.64% 1,279,917 $359.9M Reduce -6.4%
STX Seagate Technology Holdings 1.55% 1,229,410 $338.6M Reduce -16.9%
ACGL Arch Capital Group Ltd. 1.46% 3,330,000 $319.4M Reduce -1.5%
AMZN Amazon.com Inc. 1.44% 1,368,783 $315.9M Add +60.7%
COHR Coherent Corp. 1.44% 1,705,912 $314.9M Add +252.6%
MU Micron Technology Inc. 1.43% 1,098,037 $313.4M Reduce -39.5%
CIEN Ciena Corp. 1.38% 1,289,427 $301.6M Reduce -11.9%
SNDK Sandisk Corp. 1.38% 1,268,237 $301.1M Reduce -2.6%
CLS Celestica Inc. 1.37% 1,011,058 $298.9M Reduce -1.6%
LLY Eli Lilly & Co. 1.31% 267,662 $287.7M Add +216.3%
SHOP Shopify Inc. Class A 1.24% 1,678,793 $270.2M Add +52.6%
FN Fabrinet 1.15% 551,916 $251.3M Add +58.9%
CB Chubb Ltd. 1.02% 715,000 $223.2M Reduce -1.7%
FLEX Flex Ltd. 1.02% 3,693,141 $223.1M Add +141.8%
GLW Corning Inc. 0.91% 2,285,993 $200.2M Reduce -43.0%
FSLR First Solar Inc. 0.91% 766,028 $200.1M New
NET Cloudflare Inc. Class A 0.84% 930,366 $183.4M Reduce -48.1%
MDB Mongodb Inc. 0.83% 431,207 $181.0M Add +730.5%
TTMI TTM Technologies 0.82% 2,597,412 $179.2M Reduce -15.2%
MRSH Marsh & McLennan Cos 0.82% 965,000 $179.0M Add +6.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.78% 2,445,000 $171.4M Reduce -11.1%
TSLA Tesla Inc. 0.76% 368,145 $165.6M Add +71.7%
MKL Markel Group Inc. 0.76% 77,000 $165.5M Reduce -1.9%
ANET Arista Networks Inc. 0.75% 1,244,655 $163.1M Reduce -5.5%
APP AppLovin Corp. Class A 0.74% 241,533 $162.7M Add +13.3%
GEV GE Vernova Inc. 0.74% 248,022 $162.1M Add +16.7%
ARQT Arcutis Biotherapeutics Inc. 0.74% 5,556,169 $161.4M Add +4.9%
RVMD Revolution Medicines Inc. 0.73% 2,013,791 $160.4M Add +321.2%
ESNT Essent Group Ltd. 0.73% 2,450,000 $159.3M Reduce -2.0%
CRDO Credo Technology Group Holdi 0.72% 1,100,727 $158.4M Reduce -40.5%
REGN Regeneron Pharmaceuticals 0.72% 204,927 $158.2M Add +29.0%
MDGL Madrigal Pharmaceuticals Inc. 0.72% 270,151 $157.3M Add +1.9%
WDC Western Digital Corp. 0.72% 913,192 $157.3M Reduce -50.6%
TEVA Teva Pharmaceutical-SP ADR 0.71% 4,987,690 $155.7M Add +24.4%
NUVL Nuvalent Inc. Class A 0.71% 1,536,859 $154.6M Add +50.3%
CYTK Cytokinetics Inc. 0.70% 2,422,612 $153.9M Reduce -12.9%
TRV The Travelers Cos Inc. 0.65% 490,000 $142.1M Reduce -5.0%
EG Everest Group Ltd. 0.63% 403,500 $136.9M Reduce -1.7%
VRT Vertiv Holdings Co. Class A 0.61% 827,785 $134.1M Reduce -14.2%
CSCO Cisco Systems Inc. 0.58% 1,654,163 $127.4M New
RYTM Rhythm Pharmaceuticals Inc. 0.58% 1,185,392 $126.9M Reduce -4.8%
SNOW Snowflake Inc. 0.58% 573,823 $125.9M Reduce -15.5%
RDDT Reddit Inc. Class A 0.57% 542,583 $124.7M Reduce -28.5%
HOOD Robinhood Markets Inc. Class A 0.55% 1,064,954 $120.4M Reduce -34.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.54% 402,108 $119.1M Add +20.3%
RGA Reinsurance Group of America 0.54% 578,425 $117.7M Add +0.3%
APH Amphenol Corp. Class A 0.53% 852,169 $115.2M Reduce -39.9%
ALAB Astera Labs Inc. 0.52% 684,453 $113.9M Add +120.3%
XENE Xenon Pharmaceuticals Inc. 0.51% 2,465,694 $110.5M Reduce -3.2%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.50% 6,472,724 $108.4M Add +3.5%
IONS Ionis Pharmaceuticals Inc. 0.48% 1,333,424 $105.5M Add +29.0%
PGR Progressive Corp. 0.47% 453,000 $103.2M Reduce -3.4%
INTC Intel Corp. 0.46% 2,741,222 $101.2M New
P Everpure Inc. Class A filed as PURE STORAGE INC 0.46% 1,491,444 $99.9M Reduce -47.3%
BBIO Bridgebio Pharma Inc. 0.45% 1,299,346 $99.4M Add +32.4%
NAMS Newamsterdam Pharma Co. NV 0.45% 2,776,222 $97.4M Reduce -4.7%
ALNY Alnylam Pharmaceuticals Inc. 0.44% 240,606 $95.7M Reduce -4.3%
APLS Apellis Pharmaceuticals Inc. 0.43% 3,706,510 $93.1M Add +39.9%
RYAN Ryan Specialty Holdings Inc. 0.42% 1,780,000 $91.9M Add +5.5%
BABA Alibaba Group Holding-SP ADR 0.40% 590,917 $86.6M Reduce -8.9%
CRWD CrowdStrike Holdings Inc. Class A 0.39% 182,246 $85.4M Add +14.3%
ASND Ascendis Pharma A/S 0.36% 370,473 $79.0M Reduce -56.8%
HGTY Hagerty Inc. Class A 0.35% 5,767,416 $77.5M Reduce -0.9%
PCVX Vaxcyte Inc. 0.35% 1,672,783 $77.2M Add +302.6%
BE Bloom Energy Corp. Class A 0.35% 877,359 $76.2M New
BRO Brown & Brown Inc. 0.34% 925,000 $73.7M Add +37.0%
TCOM Trip.com Group Ltd.-ADR 0.33% 999,029 $71.8M Reduce -1.5%
GRAB Grab Holdings Ltd. Class A 0.33% 14,388,355 $71.8M Add +10.3%
CAT Caterpillar Inc. 0.31% 117,615 $67.4M Add +72.2%
PDD PDD Holdings Inc. 0.30% 577,391 $65.5M Add +3.9%
MIRM Mirum Pharmaceuticals Inc. 0.29% 793,642 $62.7M Reduce -3.3%
INSM Insmed Inc. 0.27% 344,228 $59.9M Reduce -7.4%
ROIV Roivant Sciences Ltd. 0.27% 2,690,124 $58.4M Add +37.3%
SRRK Scholar Rock Holding Corp. 0.27% 1,322,011 $58.2M Add +66.5%
SE Sea Ltd.-ADR 0.26% 452,378 $57.7M Reduce -10.3%
MELI MercadoLibre Inc. 0.26% 27,951 $56.3M Reduce -60.4%
TRUP Trupanion Inc. 0.25% 1,475,000 $55.1M Add +13.5%
IRTC Irhythm Holdings Inc. 0.25% 308,100 $54.7M Reduce -8.3%
ELVN Enliven Therapeutics Inc. 0.25% 3,513,680 $54.1M Add +13.5%
SLNO Soleno Therapeutics Inc. 0.24% 1,136,929 $52.6M Reduce -4.5%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 101,602 $51.1M Reduce -0.3%
V Visa Inc. Class A 0.23% 145,583 $51.1M Reduce -9.5%
MLYS Mineralys Therapeutics Inc. 0.23% 1,401,141 $50.8M Add +32.3%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.23% 647,217 $50.6M Add +10.3%
SVRA Savara Inc. 0.23% 8,306,196 $50.1M New
CVNA Carvana Co. 0.23% 118,287 $49.9M Reduce -67.9%
EHC Encompass Health Corp. 0.23% 469,514 $49.8M Reduce -3.5%
AFL Aflac Inc. 0.23% 448,000 $49.4M Reduce -0.9%
RDNT Radnet Inc. 0.21% 658,051 $47.0M Reduce -20.9%
CGON CG Oncology Inc. 0.21% 1,098,662 $45.6M No change
NPCE Neuropace Inc. 0.20% 2,878,523 $44.4M Reduce -7.1%
RLI Rli Corp. 0.20% 687,500 $44.0M Add +28.5%
TSHA Taysha Gene Therapies Inc. 0.20% 7,931,403 $43.6M Add +49.8%
MMYT Makemytrip Ltd. 0.20% 519,857 $42.7M Add +42.9%
PODD Insulet Corp. 0.19% 148,299 $42.2M Add +150.0%
DNTH Dianthus Therapeutics Inc. 0.19% 1,004,728 $41.4M Add +34.3%
WMT Walmart Inc. 0.19% 366,034 $40.8M Add +12.1%
STOK Stoke Therapeutics Inc. 0.18% 1,269,131 $40.3M Reduce -4.1%
CTSH Cognizant Tech Solutions-A 0.18% 482,096 $40.0M New
ZBIO Zenas Biopharma Inc. 0.18% 1,057,609 $38.4M New
APGE Apogee Therapeutics Inc. 0.17% 503,539 $38.0M Reduce -3.9%
IQV Iqvia Holdings Inc. 0.16% 159,543 $36.0M Add +110.0%
TMO Thermo Fisher Scientific Inc. 0.16% 61,164 $35.4M Add +7.6%
JPM JPMorgan Chase & Co. 0.16% 109,733 $35.4M Reduce -5.1%
BOW Bowhead Specialty Holdings I 0.16% 1,225,000 $35.0M Add +77.5%
ICE Intercontinental Exchange Inc. 0.16% 215,430 $34.9M Reduce -0.1%
USFD US Foods Holding Corp. 0.16% 458,296 $34.5M Add +17.9%
OLMA Olema Pharmaceuticals Inc. 0.16% 1,380,450 $34.5M New
FROG Jfrog Ltd. 0.16% 548,383 $34.3M Add +3.5%
FAF First American Financial 0.15% 540,000 $33.2M Reduce -20.0%
AMG Affiliated Managers Group 0.14% 107,245 $30.9M Add +36.6%
AFRM Affirm Holdings Inc. 0.14% 411,776 $30.6M Add +2.5%
JCI Johnson Controls Internation 0.14% 254,632 $30.5M Add +124.1%
RAPP Rapport Therapeutics Inc. 0.14% 1,004,728 $30.5M Add +7.0%
VSTM Verastem Inc. 0.14% 3,925,126 $30.3M Add +270.7%
JLL Jones Lang Lasalle Inc. 0.14% 88,860 $29.9M Reduce -4.2%
ORKA Oruka Therapeutics Inc. 0.14% 978,288 $29.7M Reduce -5.2%
CVS CVS Health Corp. 0.13% 370,982 $29.4M New
DAL Delta Air Lines Inc. 0.13% 411,387 $28.6M Add +26.9%
ADI Analog Devices Inc. 0.13% 102,231 $27.7M Add +4.4%
CHRW C.H. Robinson Worldwide Inc. 0.13% 170,431 $27.4M Add +33.6%
CLDX Celldex Therapeutics Inc. 0.13% 1,008,163 $27.4M Reduce -22.5%
TBBB BBB Foods Inc. Class A 0.13% 819,901 $27.4M Reduce -16.8%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) 0.12% 24,000,000 $27.0M New
CNC Centene Corp. 0.12% 640,127 $26.3M Reduce -27.3%
PLTR Palantir Technologies Inc. Class A 0.12% 145,520 $25.9M Reduce -75.9%
IBKR Interactive Brokers Gro Class A 0.11% 390,385 $25.1M Reduce -12.6%
DYN Dyne Therapeutics Inc. 0.11% 1,269,131 $24.8M Add +139.7%
RKLB Rocket Lab Corp. 0.11% 351,930 $24.6M New
BKR Baker Hughes Co. 0.11% 533,694 $24.3M New
SYRE Spyre Therapeutics Inc. 0.11% 740,326 $24.3M Reduce -6.1%
MCK McKesson Corp. 0.11% 29,280 $24.0M Reduce -0.7%
FIX Comfort Systems USA Inc. 0.11% 25,225 $23.5M New
MKSI MKS Inc. 0.10% 143,498 $22.9M Reduce -0.8%
CI The Cigna Group 0.10% 80,705 $22.2M New
BKNG Booking Holdings Inc. 0.10% 4,059 $21.7M Reduce -22.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 391,610 $21.5M Add +1.9%
XMTR Xometry Inc. Class A 0.10% 361,330 $21.5M Reduce -3.6%
UBER Uber Technologies Inc. 0.09% 242,969 $19.9M Reduce -73.6%
H Hyatt Hotels Corp. Class A 0.09% 120,593 $19.3M Reduce -0.8%
WST West Pharmaceutical Services 0.09% 69,332 $19.1M New
DXCM Dexcom Inc. 0.09% 285,744 $19.0M Reduce -7.4%
MA Mastercard Inc. Class A 0.09% 33,044 $18.9M Reduce -15.2%
AGCO Agco Corp. 0.09% 178,965 $18.7M Reduce -0.8%
U Unity Software Inc. 0.09% 421,467 $18.6M Add +58.6%
FWONK Liberty Media Corp. Class C 0.08% 187,290 $18.4M Reduce -0.8%
PEN Penumbra Inc. 0.08% 58,168 $18.1M Reduce -36.0%
SITM Sitime Corp. 0.08% 50,300 $17.8M Reduce -23.5%
QCOM Qualcomm Inc. 0.08% 100,144 $17.1M Reduce -25.5%
IMNM Immunome Inc. 0.08% 793,364 $17.0M Reduce -25.1%
RY Royal Bank of Canada 0.08% 97,748 $16.7M Add +40.9%
SYY Sysco Corp. 0.08% 223,714 $16.5M Reduce -0.8%
SN Sharkninja Inc. 0.07% 146,694 $16.4M Reduce -0.8%
HCA HCA Healthcare Inc. 0.07% 34,755 $16.2M Add +482.2%
GH Guardant Health Inc. 0.07% 157,485 $16.1M New
ELV Elevance Health Inc. 0.07% 45,068 $15.8M Reduce -0.8%
KYMR Kymera Therapeutics Inc. 0.07% 200,946 $15.6M Reduce -49.4%
RKT Rocket Cos Inc. Class A 0.07% 786,838 $15.2M Add +116.2%
AXP American Express Co. 0.07% 40,360 $14.9M Add +1.4%
VIAV Viavi Solutions Inc. 0.07% 836,504 $14.9M New
DOX Amdocs Ltd. 0.07% 179,344 $14.4M Reduce -20.6%
LFUS Littelfuse Inc. 0.07% 57,085 $14.4M Reduce -0.8%
ECL Ecolab Inc. 0.06% 53,782 $14.1M Reduce -48.8%
C Citigroup Inc. 0.06% 118,672 $13.8M Add +49.1%
CACC Credit Acceptance Corp. 0.06% 31,041 $13.8M Reduce -17.2%
CNM Core & Main Inc. Class A 0.06% 262,079 $13.6M Reduce -0.8%
AMAT Applied Materials Inc. 0.06% 52,000 $13.4M New
AXON Axon Enterprise Inc. 0.06% 22,718 $12.9M Reduce -80.6%
RARE Ultragenyx Pharmaceutical Inc. 0.06% 556,628 $12.8M Reduce -4.6%
GL Globe Life Inc. 0.06% 91,164 $12.8M Add +1.9%
WTS Watts Water Technologies-A 0.06% 45,248 $12.5M Add +41.5%
MRVL Marvell Technology Inc. 0.06% 142,000 $12.1M Reduce -45.4%
MS Morgan Stanley 0.05% 67,532 $12.0M New
ASTS Ast Spacemobile Inc. 0.05% 164,483 $11.9M New
TWLO Twilio Inc. Class A 0.05% 83,794 $11.9M New
SPGI S&P Global Inc. 0.05% 20,777 $10.9M New
FERG Ferguson Enterprises Inc. 0.05% 48,428 $10.8M Reduce -0.8%
NXPI NXP Semiconductors NV 0.05% 49,500 $10.7M Add +104.5%
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) 0.05% 9,500,000 $10.6M New
CVE Cenovus Energy Inc. 0.05% 702,794 $10.6M Reduce -35.8%
URI United Rentals Inc. 0.05% 12,891 $10.4M Reduce -0.8%
ENGN Engene Holdings Inc. 0.05% 1,142,982 $10.3M New
EOSE Eos Energy Enterprises Inc. 0.05% 878,000 $10.1M New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.05% 86,226 $10.0M Add +1.9%
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) 0.05% 11,000,000 $10.0M New
COF Capital One Financial Corp. 0.05% 40,961 $9.9M Add +1.9%
IVA Inventiva SA - ADR 0.04% 1,998,880 $9.3M New
MBC Masterbrand Inc. 0.04% 833,400 $9.2M Reduce -16.4%
BX Blackstone Inc. 0.04% 57,003 $8.8M Add +119.4%
HIG Hartford Insurance Group Inc. 0.04% 61,294 $8.4M Reduce -8.5%
XPO Xpo Inc. 0.04% 61,700 $8.4M New
FIS Fidelity National Info Serv 0.04% 125,676 $8.4M Reduce -62.2%
MPWR Monolithic Power Systems Inc. 0.04% 9,180 $8.3M Reduce -49.1%
OTEX Open Text Corp. 0.04% 280,780 $8.2M Reduce -33.5%
RBLX Roblox Corp. Class A 0.04% 100,706 $8.2M Reduce -90.4%
CBRE CBRE Group Inc. Class A 0.04% 49,991 $8.0M Reduce -43.5%
BLDR Builders Firstsource Inc. 0.03% 72,518 $7.5M Reduce -0.8%
TTE Totalenergies SE 0.03% 112,719 $7.4M New
TSEM Tower Semiconductor Ltd. 0.03% 62,559 $7.3M New
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) 0.03% 5,000,000 $7.1M New
PRIM Primoris Services Corp. 0.03% 57,050 $7.1M New
MNPR Monopar Therapeutics Inc. 0.03% 105,750 $6.9M New
SNEX Stonex Group Inc. 0.03% 71,055 $6.8M New
PHVS Pharvaris NV 0.03% 237,962 $6.6M Reduce -10.1%
COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) 0.03% 5,500,000 $6.4M New
FLUOR CORP (FLR 1.125 08/15/29) 0.03% 5,500,000 $6.3M New
NUTANIX INC (NTNX 0.25 10/01/27) 0.03% 5,000,000 $5.6M New
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.03% 33,605 $5.5M New
MIAX Miami International Holdings 0.03% 123,992 $5.5M New
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) 0.03% 2,000,000 $5.5M New
PI Impinj Inc. 0.02% 30,105 $5.2M Reduce -68.3%
ON On Semiconductor 0.02% 94,600 $5.1M Add +392.7%
WBS Webster Financial Corp. 0.02% 81,202 $5.1M New
COINBASE GLOBAL INC (COIN 0.5 06/01/26) 0.02% 5,000,000 $5.0M New
BILL HOLDINGS INC (BILL 0 04/01/30) 0.02% 5,000,000 $4.6M New
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) 0.02% 3,000,000 $4.5M New
ARES Ares Management Corp. Class A 0.02% 27,313 $4.4M Reduce -24.4%
ORIC Oric Pharmaceuticals Inc. 0.02% 502,364 $4.1M Add +7.2%
ETSY INC (ETSY 0.25 06/15/28) 0.02% 4,500,000 $4.0M New
BLD Topbuild Corp. 0.02% 9,250 $3.9M Reduce -12.7%
T1 ENERGY INC (TE 5.25 12/01/30) 0.02% 3,000,000 $3.8M New
ISRG Intuitive Surgical Inc. 0.02% 6,317 $3.6M Reduce -84.9%
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) 0.02% 2,500,000 $3.5M New
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) 0.02% 2,500,000 $3.4M New
FORTUNA MINING CORP (FVICN 3.75 06/30/29) 0.02% 2,000,000 $3.4M New
ADUS Addus Homecare Corp. 0.01% 29,459 $3.2M Reduce -0.3%
FORD MOTOR COMPANY (F 0 03/15/26) filed as FORD MTR CO 0.01% 3,000,000 $3.1M New
JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) 0.01% 3,000,000 $2.9M New
ENSG The Ensign Group Inc. 0.01% 16,619 $2.9M No change
COIN Coinbase Global Inc. Class A 0.01% 11,407 $2.6M New
LI AUTO INC (LI 0.25 05/01/28) 0.01% 2,500,000 $2.5M New
JD.COM INC (JD 0.25 06/01/29) 0.01% 2,500,000 $2.5M New
MP MP Materials Corp. 0.01% 46,500 $2.3M Add +488.6%
CHE Chemed Corp. 0.01% 5,098 $2.2M No change
NTRA Natera Inc. 0.01% 8,351 $1.9M New
RIVIAN AUTO INC (RIVN 4.625 03/15/29) 0.01% 1,500,000 $1.9M New
PCOR Procore Technologies Inc. 0.01% 23,200 $1.7M Reduce -54.5%
EXPEDIA GROUP INC (EXPE 0 02/15/26) 0.01% 1,500,000 $1.7M New
CELCUITY INC (CELC 2.75 08/01/31) 0.01% 750,000 $1.6M New
LIN Linde PLC 0.01% 3,020 $1.3M Reduce -66.3%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) 0.01% 1,000,000 $1.3M New
LEGN Legend Biotech Corp.-ADR 0.01% 52,893 $1.1M Reduce -1.9%
DATADOG INC (DDOG 0 12/01/29) 0.00% 600,000 $601K New
NTES Netease Inc.-ADR 0.00% 1,750 $241K No change
RGEN Repligen Corp. 0.00% 1,230 $202K New
LFST Lifestance Health Group Inc. 0.00% 20,870 $147K Reduce -4.2%
STXS Stereotaxis Inc. 0.00% 17,665 $41K No change
GDRX Goodrx Holdings Inc. Class A 0.00% 10,000 $27K No change

Options reported separately and not counted above: AAPL calls ($1.5B), GOOGL calls ($1.3B), MSFT calls ($1.2B), KRE calls ($9.7M), CYTK puts ($2.1M).

Portfolio Sells Q3 2025 → Q4 2025
META Meta Platforms Inc. Class A Reduce -38.0% 2.65% −2.39
ORCL Oracle Corp. Sold out 0.00% −1.22
NET Cloudflare Inc. Class A Reduce -48.1% 0.84% −1.02
MSFT Microsoft Corp. Reduce -20.8% 2.35% −1.02
DASH DoorDash Inc. Class A Sold out 0.00% −0.71
P Everpure Inc. Class A Reduce -47.3% 0.46% −0.69
GLW Corning Inc. Reduce -43.0% 0.91% −0.68
RBLX Roblox Corp. Class A Reduce -90.4% 0.04% −0.67
RNAM Avidity Biosciences Inc. Sold out 0.00% −0.59
CRDO Credo Technology Group Holdi Reduce -40.5% 0.72% −0.58
HOOD Robinhood Markets Inc. Class A Reduce -34.0% 0.55% −0.57
MELI MercadoLibre Inc. Reduce -60.4% 0.26% −0.54
SPOT Spotify Technology SA Sold out 0.00% −0.47
ASND Ascendis Pharma A/S Reduce -56.8% 0.36% −0.46
CVNA Carvana Co. Reduce -67.9% 0.23% −0.44
PLTR Palantir Technologies Inc. Class A Reduce -75.9% 0.12% −0.42
WDC Western Digital Corp. Reduce -50.6% 0.72% −0.35
AXON Axon Enterprise Inc. Reduce -80.6% 0.06% −0.35
UBER Uber Technologies Inc. Reduce -73.6% 0.09% −0.35
APH Amphenol Corp. Class A Reduce -39.9% 0.53% −0.32
BSX Boston Scientific Corp. Sold out 0.00% −0.31
NFLX Netflix Inc. Sold out 0.00% −0.30
AVDL Avadel Pharmaceuticals Ltd. Sold out 0.00% −0.30
RDDT Reddit Inc. Class A Reduce -28.5% 0.57% −0.27
AVGO Broadcom Inc. Reduce -4.5% 4.30% −0.25
AKRO Akero Therapeutics Inc. Sold out 0.00% −0.24
WRB WR Berkley Corp. Reduce -11.1% 0.78% −0.24
ABT Abbott Laboratories Sold out 0.00% −0.19
ANET Arista Networks Inc. Reduce -5.5% 0.75% −0.18
SE Sea Ltd.-ADR Reduce -10.3% 0.26% −0.17
SNOW Snowflake Inc. Reduce -15.5% 0.58% −0.17
BABA Alibaba Group Holding-SP ADR Reduce -8.9% 0.40% −0.17
SLNO Soleno Therapeutics Inc. Reduce -4.5% 0.24% −0.15
VTEX Vtex Class A Sold out 0.00% −0.15
STX Seagate Technology Holdings Reduce -16.9% 1.55% −0.14
DOCS Doximity Inc. Class A Sold out 0.00% −0.14
ETN Eaton Corp. PLC Sold out 0.00% −0.14
TME Tencent Music Entertainm-ADR Sold out 0.00% −0.13
EXAS Exact Sciences Corp. Sold out 0.00% −0.12
EW Edwards Lifesciences Corp. Sold out 0.00% −0.12
STE Steris PLC Sold out 0.00% −0.12
ALNY Alnylam Pharmaceuticals Inc. Reduce -4.3% 0.44% −0.12
GLOB Globant SA Sold out 0.00% −0.11
RDNT Radnet Inc. Reduce -20.9% 0.21% −0.09
VRT Vertiv Holdings Co. Class A Reduce -14.2% 0.61% −0.09
PGR Progressive Corp. Reduce -3.4% 0.47% −0.09
ECL Ecolab Inc. Reduce -48.8% 0.06% −0.07
SMMT Summit Therapeutics Inc. Sold out 0.00% −0.07
ISRG Intuitive Surgical Inc. Reduce -84.9% 0.02% −0.07
EHC Encompass Health Corp. Reduce -3.5% 0.23% −0.07

Portfolio Buys Q3 2025 → Q4 2025
AMD Advanced Micro Devices Add +50.4% 2.70% +1.26
COHR Coherent Corp. Add +252.6% 1.44% +1.19
GOOGL Alphabet Inc. Class A Add +54.3% 2.23% +1.04
LLY Eli Lilly & Co. Add +216.3% 1.31% +1.00
FSLR First Solar Inc. New 0.91% +0.91
GOOG Alphabet Inc. Class C Add +38.1% 2.17% +0.88
MDB Mongodb Inc. Add +730.5% 0.83% +0.75
RVMD Revolution Medicines Inc. Add +321.2% 0.73% +0.63
FLEX Flex Ltd. Add +141.8% 1.02% +0.59
CSCO Cisco Systems Inc. New 0.58% +0.58
AMZN Amazon.com Inc. Add +60.7% 1.44% +0.54
FN Fabrinet Add +58.9% 1.15% +0.54
INTC Intel Corp. New 0.46% +0.46
SHOP Shopify Inc. Class A Add +52.6% 1.24% +0.44
LRCX Lam Research Corp. Add +0.6% 2.25% +0.40
BE Bloom Energy Corp. Class A New 0.35% +0.35
TEVA Teva Pharmaceutical-SP ADR Add +24.4% 0.71% +0.32
TSLA Tesla Inc. Add +71.7% 0.76% +0.30
REGN Regeneron Pharmaceuticals Add +29.0% 0.72% +0.29
PCVX Vaxcyte Inc. Add +302.6% 0.35% +0.28
NUVL Nuvalent Inc. Class A Add +50.3% 0.71% +0.28
AAPL Apple Inc. Add +15.9% 1.83% +0.26
ARQT Arcutis Biotherapeutics Inc. Add +4.9% 0.74% +0.25
SVRA Savara Inc. New 0.23% +0.23
ALAB Astera Labs Inc. Add +120.3% 0.52% +0.23
BBIO Bridgebio Pharma Inc. Add +32.4% 0.45% +0.21
CTSH Cognizant Tech Solutions-A New 0.18% +0.18
ZBIO Zenas Biopharma Inc. New 0.18% +0.18
OLMA Olema Pharmaceuticals Inc. New 0.16% +0.16
IONS Ionis Pharmaceuticals Inc. Add +29.0% 0.48% +0.15
CAT Caterpillar Inc. Add +72.2% 0.31% +0.15
APLS Apellis Pharmaceuticals Inc. Add +39.9% 0.43% +0.14
CVS CVS Health Corp. New 0.13% +0.13
MDGL Madrigal Pharmaceuticals Inc. Add +1.9% 0.72% +0.13
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) New 0.12% +0.12
ROIV Roivant Sciences Ltd. Add +37.3% 0.27% +0.12
SRRK Scholar Rock Holding Corp. Add +66.5% 0.27% +0.12
TSHA Taysha Gene Therapies Inc. Add +49.8% 0.20% +0.12
RKLB Rocket Lab Corp. New 0.11% +0.11
BKR Baker Hughes Co. New 0.11% +0.11
GEV GE Vernova Inc. Add +16.7% 0.74% +0.11
FIX Comfort Systems USA Inc. New 0.11% +0.11
PODD Insulet Corp. Add +150.0% 0.19% +0.10
CI The Cigna Group New 0.10% +0.10
IQV Iqvia Holdings Inc. Add +110.0% 0.16% +0.09
VSTM Verastem Inc. Add +270.7% 0.14% +0.09
IBM Intl Business Machines Corp. Add +20.3% 0.54% +0.09
WST West Pharmaceutical Services New 0.09% +0.09
DYN Dyne Therapeutics Inc. Add +139.7% 0.11% +0.08
JCI Johnson Controls Internation Add +124.1% 0.14% +0.08

Options Activity Q3 2025 → Q4 2025
AAPL Apple Inc. call Add +8651.9% 5,680,000 $1.5B
GOOGL Alphabet Inc. Class A call Add +7906.1% 4,000,000 $1.3B
MSFT Microsoft Corp. call Add +15609.9% 2,458,600 $1.2B
KRE SS SPDR S&P Regional Bank call New 150,000 $9.7M
CYTK Cytokinetics Inc. put New 33,000 $2.1M

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
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Sold out 15,000,000 $14.7Mbefore exit
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal Sold out 12,500,000 $12.6Mbefore exit
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) NOTE 2.500% 2/0 · principal Sold out 11,000,000 $9.9Mbefore exit
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal Sold out 8,000,000 $8.9Mbefore exit
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal Sold out 5,000,000 $6.8Mbefore exit
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal Sold out 3,000,000 $4.4Mbefore exit
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal Sold out 4,500,000 $4.0Mbefore exit
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal Sold out 2,000,000 $3.8Mbefore exit
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal Sold out 2,500,000 $3.4Mbefore exit
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal Sold out 2,500,000 $3.2Mbefore exit
FORTUNA MINING CORP (FVICN 3.75 06/30/29) NOTE 3.750% 6/3 · principal Sold out 2,000,000 $3.2Mbefore exit
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal Sold out 2,500,000 $3.0Mbefore exit
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal Sold out 2,500,000 $2.9Mbefore exit
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal Sold out 2,500,000 $2.7Mbefore exit
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal Sold out 1,000,000 $1.3Mbefore exit
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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 224$35.2BNVDA, AMD, MU, SNDK, LRCX
Q1 2026 239$22.9BNVDA, AVGO, AMD, META, SNDK
Q4 2025 259$21.9BNVDA, AVGO, AMD, META, MSFT
Q3 2025 235$20.7BNVDA, META, AVGO, MSFT, NET
Q2 2025 249$19.0BNVDA, META, AVGO, MSFT, AMD
Q1 2025 258$16.3BNVDA, META, MSFT, AVGO, RNR
Q4 2024 271$17.7BNVDA, META, AVGO, MSFT, AAPL
Q3 2024 263$20.8BSW, NVDA, META, FERG, MSFT
Q2 2024 246$16.8BNVDA, MSFT, META, AVGO, GOOG
Q1 2024 252$18.9BFERG, NVDA, MSFT, INDV, META