Polymer Capital Management (US) LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Polymer Capital Management (US) LLC reported 542 stock positions worth $610.6 million. Its top holding was Nvidia (NVDA) at 4.2% of the portfolio, followed by Lumentum (LITE, 2.7%) and First Solar (FSLR, 2.0%). Compared with Q1 2025, it opened 275 new positions, sold out of 202, added to 139 and reduced 125. The biggest buy was First Solar (FSLR, shares +1876%) and the biggest sale Sandisk (SNDK, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001973324
- Portfolio Value
- $610.6M (Q2 2025)
- SEC Filing
- 0001641447-25-000003 ↗ filed Aug 14, 2025
Holdings Value
Holdings 542 stocks · $610.6M
| NVDA Nvidia Corp. | 4.20% | 162,359 | $25.7M | Add +77.7% |
| LITE Lumentum Holdings Inc. | 2.73% | 175,100 | $16.6M | Add +65.2% |
| FSLR First Solar Inc. | 2.04% | 75,101 | $12.4M | Add +1876.3% |
| VRT Vertiv Holdings Co. Class A | 1.80% | 85,426 | $11.0M | Add +157.2% |
| UBER Uber Technologies Inc. | 1.75% | 114,495 | $10.7M | New |
| SMH Vaneck Semiconductor ETF | 1.69% | 37,000 | $10.3M | New |
| MU Micron Technology Inc. | 1.65% | 81,933 | $10.1M | Add +1289.2% |
| WDC Western Digital Corp. | 1.62% | 154,591 | $9.9M | Add +34.5% |
| INTC Intel Corp. | 1.28% | 348,695 | $7.8M | Add +222.9% |
| PONY Pony AI Inc. | 1.23% | 566,800 | $7.5M | New |
| NI Nisource Inc. | 1.21% | 183,000 | $7.4M | Add +1.7% |
| ETR Entergy Corp. | 1.21% | 88,607 | $7.4M | Add +0.7% |
| DTE DTE Energy Company | 1.14% | 52,677 | $7.0M | Add +158.9% |
| AEE Ameren Corporation | 1.14% | 72,500 | $7.0M | Add +190.0% |
| XEL Xcel Energy Inc. | 1.12% | 100,000 | $6.8M | Reduce -4.9% |
| SMA Smartstop Self Storage REIT | 1.02% | 171,140 | $6.2M | New |
| SNPS Synopsys Inc. | 1.00% | 11,945 | $6.1M | Add +32.6% |
| SMCI Super Micro Computer Inc. | 1.00% | 124,321 | $6.1M | New |
| WIX Wix.com Ltd. | 0.95% | 36,780 | $5.8M | New |
| WRD Weride Inc.-ADR | 0.95% | 739,442 | $5.8M | New |
| PH Parker Hannifin Corp. | 0.94% | 8,200 | $5.7M | Add +57.7% |
| CNP Centerpoint Energy Inc. | 0.93% | 155,033 | $5.7M | Add +10.7% |
| META Meta Platforms Inc. Class A | 0.92% | 7,644 | $5.6M | Add +508.6% |
| EVRG Evergy Inc. | 0.90% | 80,000 | $5.5M | Add +58.3% |
| TER Teradyne Inc. | 0.90% | 61,147 | $5.5M | Add +893.3% |
| SNAP Snap Inc. Class A | 0.88% | 616,514 | $5.4M | New |
| SOXX iShares Semiconductor ETF | 0.82% | 21,100 | $5.0M | New |
| ED Consolidated Edison Inc. | 0.82% | 50,022 | $5.0M | Add +100.1% |
| EXC Exelon Corp. | 0.82% | 115,294 | $5.0M | Add +4.8% |
| CRCL Circle Internet Group Inc. | 0.80% | 27,030 | $4.9M | New |
| AMAT Applied Materials Inc. | 0.78% | 26,122 | $4.8M | Add +374.7% |
| POR Portland General Electric Co. | 0.77% | 115,000 | $4.7M | Add +64.3% |
| BA The Boeing Co. | 0.75% | 21,854 | $4.6M | Add +310.8% |
| PPL PPL Corp. | 0.67% | 120,000 | $4.1M | New |
| ETN Eaton Corp. PLC | 0.64% | 11,000 | $3.9M | Add +24.3% |
| FCX Freeport-McMoran Inc. | 0.64% | 90,172 | $3.9M | New |
| EMN Eastman Chemical Co. | 0.63% | 51,793 | $3.9M | Add +144.0% |
| GEV GE Vernova Inc. | 0.63% | 7,246 | $3.8M | Add +238.4% |
| STM Stmicroelectronics NV-NY SHS | 0.57% | 114,200 | $3.5M | Reduce -23.8% |
| ON On Semiconductor | 0.57% | 66,100 | $3.5M | Reduce -18.6% |
| RAL Ralliant Corp. | 0.56% | 70,576 | $3.4M | New |
| MP MP Materials Corp. | 0.54% | 100,000 | $3.3M | New |
| MMM 3M Co. | 0.54% | 21,600 | $3.3M | Reduce -0.3% |
| STLD Steel Dynamics Inc. | 0.53% | 25,214 | $3.2M | Add +366.3% |
| MKC McCormick & Co.-Non VTG SHRS | 0.50% | 40,595 | $3.1M | New |
| CRH CRH PLC | 0.50% | 33,456 | $3.1M | Add +176.8% |
| KO The Coca-Cola Co. | 0.50% | 43,100 | $3.0M | New |
| ROK Rockwell Automation Inc. | 0.49% | 9,000 | $3.0M | New |
| TT Trane Technologies PLC | 0.48% | 6,696 | $2.9M | New |
| AME Ametek Inc. | 0.48% | 16,160 | $2.9M | Add +186.6% |
| AA Alcoa Corp. | 0.46% | 96,118 | $2.8M | Add +363.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.46% | 30,600 | $2.8M | New |
| WFC Wells Fargo & Co. | 0.46% | 34,794 | $2.8M | New |
| NUE Nucor Corp. | 0.45% | 21,092 | $2.7M | Add +16.8% |
| LIN Linde PLC | 0.45% | 5,805 | $2.7M | Add +16.1% |
| EMR Emerson Electric Co. | 0.45% | 20,400 | $2.7M | New |
| DOV Dover Corp. | 0.42% | 14,073 | $2.6M | Add +41.7% |
| MS Morgan Stanley | 0.42% | 18,267 | $2.6M | Add +171.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.42% | 54,123 | $2.6M | Add +541.8% |
| SNDK Sandisk Corp. | 0.41% | 55,700 | $2.5M | Reduce -59.6% |
| ARES Ares Management Corp. Class A | 0.40% | 14,146 | $2.5M | Add +165.8% |
| WEC WEC Energy Group Inc. | 0.40% | 23,479 | $2.4M | Add +613.9% |
| CMS CMS Energy Corp. | 0.40% | 35,297 | $2.4M | Add +0.8% |
| IR Ingersoll-Rand Inc. | 0.40% | 29,375 | $2.4M | Add +815.4% |
| LEN Lennar Corp. Class A | 0.40% | 22,060 | $2.4M | Add +353.2% |
| USB US Bancorp | 0.40% | 53,665 | $2.4M | Add +416.2% |
| CCK Crown Holdings Inc. | 0.40% | 23,500 | $2.4M | Add +113.6% |
| LNT Alliant Energy Corp. | 0.40% | 40,000 | $2.4M | New |
| CMI Cummins Inc. | 0.39% | 7,297 | $2.4M | Add +119.3% |
| DOW Dow Inc. | 0.39% | 90,144 | $2.4M | New |
| FG F&G Annuities & Life Inc. | 0.39% | 73,897 | $2.4M | Reduce -1.5% |
| FANG Diamondback Energy Inc. | 0.38% | 16,963 | $2.3M | New |
| DD Dupont DE Nemours Inc. | 0.37% | 33,174 | $2.3M | Add +38.5% |
| APD Air Products & Chemicals Inc. | 0.36% | 7,900 | $2.2M | New |
| URI United Rentals Inc. | 0.35% | 2,872 | $2.2M | New |
| SHW The Sherwin-Williams Co. | 0.35% | 6,275 | $2.2M | Add +14.6% |
| CTVA Corteva Inc. | 0.33% | 27,436 | $2.0M | New |
| MA Mastercard Inc. Class A | 0.32% | 3,508 | $2.0M | New |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.32% | 13,452 | $1.9M | New |
| MAR Marriott International Class A | 0.31% | 6,927 | $1.9M | New |
| ECL Ecolab Inc. | 0.30% | 6,900 | $1.9M | Add +81.6% |
| WTRG Essential Utilities Inc. | 0.30% | 48,940 | $1.8M | New |
| TRNO Terreno Realty Corp. | 0.30% | 32,250 | $1.8M | New |
| JCI Johnson Controls Internation | 0.29% | 17,031 | $1.8M | New |
| TDG Transdigm Group Inc. | 0.29% | 1,176 | $1.8M | Add +4.6% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.29% | 26,108 | $1.8M | Add +125.8% |
| HON Honeywell International Inc. | 0.29% | 7,532 | $1.8M | New |
| PAYX Paychex Inc. | 0.29% | 12,058 | $1.8M | New |
| ALGM Allegro Microsystems Inc. | 0.28% | 50,300 | $1.7M | Reduce -59.0% |
| FR First Industrial Realty TR | 0.28% | 35,305 | $1.7M | Add +315.4% |
| FMC FMC Corp. | 0.27% | 39,034 | $1.6M | New |
| CPB The Campbell's Company | 0.27% | 53,111 | $1.6M | New |
| LOAR Loar Holdings Inc. | 0.27% | 18,826 | $1.6M | New |
| HAL Halliburton Co. | 0.26% | 78,286 | $1.6M | Add +168.8% |
| FLS Flowserve Corp. | 0.25% | 29,727 | $1.6M | Add +174.8% |
| GE General Electric filed as GE AEROSPACE | 0.25% | 5,973 | $1.5M | New |
| PHM Pultegroup Inc. | 0.25% | 14,500 | $1.5M | Reduce -3.9% |
| MAA Mid-America Apartment Comm | 0.25% | 10,251 | $1.5M | New |
| EOSE Eos Energy Enterprises Inc. | 0.24% | 289,400 | $1.5M | New |
| OKE Oneok Inc. | 0.24% | 17,935 | $1.5M | New |
Options reported separately and not counted above: COHR puts ($22.3M), LITE puts ($19.0M), CRWV puts ($18.2M), VRT puts ($14.1M), NVDA calls ($11.1M), APP calls ($10.5M), RDDT calls ($9.0M), MP puts ($8.2M), COIN calls ($7.0M), FCX puts ($6.5M), CRCL calls ($6.3M), GEV puts ($5.8M), and 42 more.
Portfolio Sells Q1 2025 → Q2 2025
| SNDK Sandisk Corp. | Reduce -59.6% | 0.41% | −1.57 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −1.24 |
| XEL Xcel Energy Inc. | Reduce -4.9% | 1.12% | −1.13 |
| DQ Daqo New Energy Corp.-ADR | Sold out | 0.00% | −1.07 |
| SMTC Semtech Corp. | Sold out | 0.00% | −1.04 |
| ARRY Array Technologies Inc. | Sold out | 0.00% | −0.67 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.67 |
| ALGM Allegro Microsystems Inc. | Reduce -59.0% | 0.28% | −0.65 |
| INR Infinity Natural Resour Class A | Sold out | 0.00% | −0.62 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −0.59 |
| VSH Vishay Intertechnology Inc. | Sold out | 0.00% | −0.55 |
| AXTA Axalta Coating Systems Ltd. | Reduce -54.0% | 0.15% | −0.53 |
| IP International Paper Co. | Reduce -43.8% | 0.19% | −0.51 |
| NXT Nextpower Inc. | Reduce -81.3% | 0.08% | −0.50 |
| CEVA Ceva Inc. | Sold out | 0.00% | −0.45 |
| ON On Semiconductor | Reduce -18.6% | 0.57% | −0.43 |
| FG F&G Annuities & Life Inc. | Reduce -1.5% | 0.39% | −0.43 |
| ORA Ormat Technologies Inc. | Sold out | 0.00% | −0.43 |
| STM Stmicroelectronics NV-NY SHS | Reduce -23.8% | 0.57% | −0.43 |
| MMM 3M Co. | Reduce -0.3% | 0.54% | −0.42 |
| DADA Dada Nexus Ltd.-ADR | Sold out | 0.00% | −0.42 |
| TSEM Tower Semiconductor Ltd. | Sold out | 0.00% | −0.37 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.36 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.30 |
| ITB iShares U.S. Home Constructi | Sold out | 0.00% | −0.29 |
| LII Lennox International Inc. | Sold out | 0.00% | −0.29 |
| PVH PVH Corp. | Reduce -74.3% | 0.05% | −0.29 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.28 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.27 |
| PWR Quanta Services Inc. | Reduce -44.8% | 0.20% | −0.26 |
| LYFT LYFT Inc. Class A | Reduce -85.9% | 0.03% | −0.24 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.24 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.24 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.24 |
| DTM DT Midstream Inc. | Sold out | 0.00% | −0.24 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.23 |
| PHM Pultegroup Inc. | Reduce -3.9% | 0.25% | −0.22 |
| SO The Southern Co. | Sold out | 0.00% | −0.21 |
| C Citigroup Inc. | Sold out | 0.00% | −0.20 |
| ADP Automatic Data Processing | Reduce -64.9% | 0.05% | −0.20 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.20 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −0.20 |
| HELE Helen of Troy Ltd. | Sold out | 0.00% | −0.20 |
| O Realty Income Corp. | Sold out | 0.00% | −0.20 |
| LZB La-Z-Boy Inc. | Sold out | 0.00% | −0.20 |
| ACI Albertsons Cos Inc. Class A | Reduce -22.0% | 0.14% | −0.20 |
| FRT Federal Realty Invs Trust | Sold out | 0.00% | −0.19 |
| ARHS Arhaus Inc. | Sold out | 0.00% | −0.19 |
| GDX Vaneck Gold Miners ETF | Reduce -13.8% | 0.21% | −0.19 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.19 |
Portfolio Buys Q1 2025 → Q2 2025
| FSLR First Solar Inc. | Add +1876.3% | 2.04% | +1.89 |
| UBER Uber Technologies Inc. | New | 1.75% | +1.75 |
| SMH Vaneck Semiconductor ETF | New | 1.69% | +1.69 |
| MU Micron Technology Inc. | Add +1289.2% | 1.65% | +1.50 |
| PONY Pony AI Inc. | New | 1.23% | +1.23 |
| NVDA Nvidia Corp. | Add +77.7% | 4.20% | +1.21 |
| VRT Vertiv Holdings Co. Class A | Add +157.2% | 1.80% | +1.07 |
| SMA Smartstop Self Storage REIT | New | 1.02% | +1.02 |
| SMCI Super Micro Computer Inc. | New | 1.00% | +1.00 |
| WIX Wix.com Ltd. | New | 0.95% | +0.95 |
| WRD Weride Inc.-ADR | New | 0.95% | +0.95 |
| SNAP Snap Inc. Class A | New | 0.88% | +0.88 |
| SOXX iShares Semiconductor ETF | New | 0.82% | +0.82 |
| CRCL Circle Internet Group Inc. | New | 0.80% | +0.80 |
| TER Teradyne Inc. | Add +893.3% | 0.90% | +0.75 |
| LITE Lumentum Holdings Inc. | Add +65.2% | 2.73% | +0.73 |
| META Meta Platforms Inc. Class A | Add +508.6% | 0.92% | +0.71 |
| PPL PPL Corp. | New | 0.67% | +0.67 |
| FCX Freeport-McMoran Inc. | New | 0.64% | +0.64 |
| RAL Ralliant Corp. | New | 0.56% | +0.56 |
| MP MP Materials Corp. | New | 0.54% | +0.54 |
| AMAT Applied Materials Inc. | Add +374.7% | 0.78% | +0.54 |
| INTC Intel Corp. | Add +222.9% | 1.28% | +0.54 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.50% | +0.50 |
| KO The Coca-Cola Co. | New | 0.50% | +0.50 |
| ROK Rockwell Automation Inc. | New | 0.49% | +0.49 |
| TT Trane Technologies PLC | New | 0.48% | +0.48 |
| BA The Boeing Co. | Add +310.8% | 0.75% | +0.48 |
| BNY Bank of New York Mellon Corp. | New | 0.46% | +0.46 |
| WFC Wells Fargo & Co. | New | 0.46% | +0.46 |
| EMR Emerson Electric Co. | New | 0.45% | +0.45 |
| GEV GE Vernova Inc. | Add +238.4% | 0.63% | +0.43 |
| LNT Alliant Energy Corp. | New | 0.40% | +0.40 |
| DOW Dow Inc. | New | 0.39% | +0.39 |
| AEE Ameren Corporation | Add +190.0% | 1.14% | +0.38 |
| FANG Diamondback Energy Inc. | New | 0.38% | +0.38 |
| APD Air Products & Chemicals Inc. | New | 0.36% | +0.36 |
| URI United Rentals Inc. | New | 0.35% | +0.35 |
| CTVA Corteva Inc. | New | 0.33% | +0.33 |
| STLD Steel Dynamics Inc. | Add +366.3% | 0.53% | +0.32 |
| MA Mastercard Inc. Class A | New | 0.32% | +0.32 |
| IR Ingersoll-Rand Inc. | Add +815.4% | 0.40% | +0.32 |
| JBHT Hunt (jb) Transprt SVCS Inc. | New | 0.32% | +0.32 |
| BAC Bank of America Corp. | Add +541.8% | 0.42% | +0.31 |
| MAR Marriott International Class A | New | 0.31% | +0.31 |
| WTRG Essential Utilities Inc. | New | 0.30% | +0.30 |
| TRNO Terreno Realty Corp. | New | 0.30% | +0.30 |
| JCI Johnson Controls Internation | New | 0.29% | +0.29 |
| DTE DTE Energy Company | Add +158.9% | 1.14% | +0.29 |
| WEC WEC Energy Group Inc. | Add +613.9% | 0.40% | +0.29 |
Options Activity Q1 2025 → Q2 2025
| COHR Coherent Corp. | put | New | 250,000 | $22.3M |
| LITE Lumentum Holdings Inc. | put | New | 200,000 | $19.0M |
| CRWV Coreweave Inc. Class A | put | New | 111,600 | $18.2M |
| VRT Vertiv Holdings Co. Class A | put | Add +120.0% | 110,000 | $14.1M |
| NVDA Nvidia Corp. | call | New | 70,000 | $11.1M |
| APP AppLovin Corp. Class A | call | New | 30,000 | $10.5M |
| RDDT Reddit Inc. Class A | call | New | 60,000 | $9.0M |
| MP MP Materials Corp. | put | New | 245,000 | $8.2M |
| COIN Coinbase Global Inc. Class A | call | New | 20,000 | $7.0M |
| FCX Freeport-McMoran Inc. | put | Add +11.1% | 150,000 | $6.5M |
| CRCL Circle Internet Group Inc. | call | New | 35,000 | $6.3M |
| GEV GE Vernova Inc. | put | Reduce -58.5% | 11,000 | $5.8M |
| NUE Nucor Corp. | call | Sold out | 45,000 | $5.4Mbefore exit |
| AAPL Apple Inc. | call | New | 25,000 | $5.1M |
| TSLA Tesla Inc. | call | New | 15,000 | $4.8M |
| TSLA Tesla Inc. | put | New | 15,000 | $4.8M |
| BA The Boeing Co. | put | New | 22,500 | $4.7M |
| CE Celanese Corp. | call | New | 85,000 | $4.7M |
| ALB Albemarle Corp. | put | Add +275.0% | 75,000 | $4.7M |
| VRT Vertiv Holdings Co. Class A | call | New | 35,000 | $4.5M |
| AA Alcoa Corp. | put | Add +350.0% | 135,000 | $4.0M |
| PONY Pony AI Inc. | call | New | 266,000 | $3.5M |
| PH Parker Hannifin Corp. | put | New | 5,000 | $3.5M |
| GLD SPDR Gold Shares | call | New | 10,000 | $3.0M |
| LYB Lyondellbasell Indu Class A | call | New | 50,000 | $2.9M |
| CE Celanese Corp. | put | Add +25.0% | 50,000 | $2.8M |
| GEV GE Vernova Inc. | call | Reduce -77.8% | 5,000 | $2.6M |
| NUE Nucor Corp. | put | Reduce -38.5% | 20,000 | $2.6M |
| GE General Electric | put | New | 10,000 | $2.6M |
| STLD Steel Dynamics Inc. | put | New | 20,000 | $2.6M |
| DOW Dow Inc. | call | New | 90,000 | $2.4M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 5,000 | $2.3Mbefore exit |
| CAT Caterpillar Inc. | call | New | 6,000 | $2.3M |
| CF CF Industries Holdings Inc. | put | New | 25,000 | $2.3M |
| MMM 3M Co. | put | New | 15,000 | $2.3M |
| PWR Quanta Services Inc. | put | New | 6,000 | $2.3M |
| IWM iShares Russell 2000 ETF | put | New | 10,000 | $2.2M |
| BA The Boeing Co. | call | Reduce -20.0% | 10,000 | $2.1M |
| XOP SS SPDR S&P Og Exp & Prod | call | New | 15,000 | $1.9M |
| ALB Albemarle Corp. | call | New | 30,000 | $1.9M |
| EMN Eastman Chemical Co. | call | New | 22,500 | $1.7M |
| TECK Teck Resources Ltd.-CLS B | put | New | 40,000 | $1.6M |
| ITB iShares U.S. Home Constructi | call | Sold out | 15,000 | $1.4Mbefore exit |
| BTU Peabody Energy Corp. | put | New | 100,000 | $1.3M |
| BTU Peabody Energy Corp. | call | New | 100,000 | $1.3M |
| FDX FedEx Corp. | put | Sold out | 5,000 | $1.2Mbefore exit |
| TEX Terex Corp. | call | New | 25,300 | $1.2M |
| XME SS SPDR S&P Metals Mining | put | Sold out | 20,000 | $1.1Mbefore exit |
| ETN Eaton Corp. PLC | put | New | 2,500 | $892K |
| FCX Freeport-McMoran Inc. | call | Reduce -90.0% | 20,000 | $867K |
Showing the first 50 of 61.
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 |
|---|---|---|---|
| Q2 2026 | 602 | $675.0M | GOOGL, GLD, LITE, ETR, SMTC |
| Q1 2026 | 733 | $675.1M | NVDA, LITE, AVGO, GLW, ASML |
| Q4 2025 | 704 | $773.6M | MU, NVDA, LITE, AMD, MCHP |
| Q3 2025 | 702 | $753.1M | LITE, NVDA, TSLA, XEL, AEE |
| Q2 2025 | 542 | $610.6M | NVDA, LITE, FSLR, VRT, UBER |
| Q1 2025 | 469 | $330.9M | NVDA, ETR, XEL, NI, LITE |
| Q4 2024 | 331 | $312.0M | NI, NVDA, DTE, MRVL, ETR |