In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), QVR LLC reported 36 stock positions worth $203.6 million . Its top holding was Tesla (TSLA) at 33.3% of the portfolio, followed by Alphabet Class C (GOOG, 16.0% ) and Nvidia (NVDA, 8.6% ). Compared with Q4 2025, it opened 14 new positions, sold out of 33, added to 14 and reduced 8. The biggest buy was Tesla (TSLA, shares +259% ) and the biggest sale an exit from Eli Lilly (LLY).
Location San Francisco, CA
CIK 0001718858
Portfolio Value $203.6M (Q1 2026) Holdings 36 stocks · $203.6M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 TSLA Tesla Inc. 182,151 $67.7M Add +258.6% GOOG Alphabet Inc. Class C 113,518 $32.6M Add +148.8% NVDA Nvidia Corp. 100,324 $17.5M Add +94.0% META Meta Platforms Inc. Class A 30,267 $17.3M Add +42.0% GOOGL Alphabet Inc. Class A 51,110 $14.7M Add +32.1% XOM Exxon Mobil Corp. 59,074 $10.0M Add +481.7% AMD Advanced Micro Devices 44,229 $9.0M Reduce -17.0% AMZN Amazon.com Inc. 24,146 $5.0M Reduce -29.5% CVX Chevron Corp. 20,328 $4.2M Add +616.5% JNJ Johnson & Johnson 13,776 $3.4M Add +35.0% NFLX Netflix Inc. 32,984 $3.2M New VZ Verizon Communications Inc. 60,592 $3.0M New COP Conocophillips 15,315 $2.0M Add +444.4% T AT&T Inc. 63,648 $1.8M New MRK Merck & Co. Inc. 13,715 $1.6M Reduce -42.0% COST Costco Wholesale Corp. 1,630 $1.6M New AMAT Applied Materials Inc. 4,456 $1.5M Add +201.3% LIN Linde PLC 2,598 $1.3M Add +7.3% GEV GE Vernova Inc. 1,140 $995K New WMT Walmart Inc. 6,878 $855K Add +7628.1% CAT Caterpillar Inc. 898 $636K New NEE Nextera Energy Inc. 5,168 $480K New BMY Bristol-Myers Squibb Co. 7,811 $474K Reduce -46.2% TJX TJX Companies Inc. filed as TJX COS INC NEW 2,582 $412K Add +264.7% MU Micron Technology Inc. 1,076 $364K Reduce -90.8% INTC Intel Corp. 8,236 $363K New PFE Pfizer Inc. 11,622 $326K New KLAC KLA Corp. 190 $280K Add +11.1% PANW Palo Alto Networks Inc. 1,740 $279K New DE Deere & Co. 367 $207K New HON Honeywell International Inc. 624 $141K New KO The Coca-Cola Co. 1,528 $116K New AMGN Amgen Inc. 89 $31K New CB Chubb Ltd. 76 $25K Reduce -96.0% RTX RTX Corp. 18 $3K Reduce -99.8% GILD Gilead Sciences Inc. 22 $3K Reduce -98.9%
Options reported separately and not counted above: TSLA puts ($494.9M), NVDA puts ($326.2M), GOOG puts ($301.5M), META puts ($291.6M), AMD puts ($185.3M), AMZN puts ($169.0M), PLTR puts ($158.4M), GOOGL puts ($81.8M), META calls ($59.2M), TSLA calls ($34.7M), GOOG calls ($25.8M), NVDA calls ($17.0M), and 107 more.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ LLY Eli Lilly & Co. Sold out 0.00% −5.39 AMD Advanced Micro Devices Reduce -17.0% 4.42% −3.55 AMZN Amazon.com Inc. Reduce -29.5% 2.47% −3.06 MU Micron Technology Inc. Reduce -90.8% 0.18% −2.15 V Visa Inc. Class A Sold out 0.00% −1.93 PLTR Palantir Technologies Inc. Class A Sold out 0.00% −1.52 JPM JPMorgan Chase & Co. Sold out 0.00% −1.23 GE General Electric Sold out 0.00% −1.18 CRM Salesforce Inc. Sold out 0.00% −1.13 RTX RTX Corp. Reduce -99.8% 0.00% −1.00 SVXY Proshares Short Vix St Futur Sold out 0.00% −0.97 MRK Merck & Co. Inc. Reduce -42.0% 0.81% −0.93 PM Philip Morris International Sold out 0.00% −0.92 WFC Wells Fargo & Co. Sold out 0.00% −0.91 BTAL Agf US Market Neutral Anti-B Sold out 0.00% −0.86 LRCX Lam Research Corp. Sold out 0.00% −0.86 BA The Boeing Co. Sold out 0.00% −0.79 GLD SPDR Gold Shares Sold out 0.00% −0.72 MA Mastercard Inc. Class A Sold out 0.00% −0.61 ABBV Abbvie Inc. Sold out 0.00% −0.61 DIS The Walt Disney Co. Sold out 0.00% −0.61 SCHW Schwab (charles) Corp. Sold out 0.00% −0.59 C Citigroup Inc. Sold out 0.00% −0.50 MS Morgan Stanley Sold out 0.00% −0.48 COF Capital One Financial Corp. Sold out 0.00% −0.46 CB Chubb Ltd. Reduce -96.0% 0.01% −0.40 BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.38 TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.34 BMY Bristol-Myers Squibb Co. Reduce -46.2% 0.23% −0.31 GS Goldman Sachs Group Inc. Sold out 0.00% −0.30 BAC Bank of America Corp. Sold out 0.00% −0.30 ICE Intercontinental Exchange Inc. Sold out 0.00% −0.26 ADI Analog Devices Inc. Sold out 0.00% −0.26 SPGI S&P Global Inc. Sold out 0.00% −0.25 ISRG Intuitive Surgical Inc. Sold out 0.00% −0.22 ADBE Adobe Inc. Sold out 0.00% −0.19 GILD Gilead Sciences Inc. Reduce -98.9% 0.00% −0.18 LMT Lockheed Martin Corp. Sold out 0.00% −0.16 DHR Danaher Corp. Sold out 0.00% −0.15 SLB SLB Ltd. Sold out 0.00% −0.11 VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.08
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ TSLA Tesla Inc. Add +258.6% 33.26% +17.30 GOOG Alphabet Inc. Class C Add +148.8% 16.00% +5.99 XOM Exxon Mobil Corp. Add +481.7% 4.92% +4.07 NVDA Nvidia Corp. Add +94.0% 8.60% +1.86 CVX Chevron Corp. Add +616.5% 2.07% +1.76 NFLX Netflix Inc. New 1.56% +1.56 VZ Verizon Communications Inc. New 1.49% +1.49 T AT&T Inc. New 0.91% +0.91 COP Conocophillips Add +444.4% 0.99% +0.81 COST Costco Wholesale Corp. New 0.80% +0.80 GEV GE Vernova Inc. New 0.49% +0.49 AMAT Applied Materials Inc. Add +201.3% 0.75% +0.48 WMT Walmart Inc. Add +7628.1% 0.42% +0.41 CAT Caterpillar Inc. New 0.31% +0.31 NEE Nextera Energy Inc. New 0.24% +0.24 JNJ Johnson & Johnson Add +35.0% 1.65% +0.18 INTC Intel Corp. New 0.18% +0.18 PFE Pfizer Inc. New 0.16% +0.16 PANW Palo Alto Networks Inc. New 0.14% +0.14 TJX TJX Companies Inc. Add +264.7% 0.20% +0.13 DE Deere & Co. New 0.10% +0.10 HON Honeywell International Inc. New 0.07% +0.07 KO The Coca-Cola Co. New 0.06% +0.06 AMGN Amgen Inc. New 0.02% +0.02 KLAC KLA Corp. Add +11.1% 0.14% −0.01 LIN Linde PLC Add +7.3% 0.63% −0.09 GOOGL Alphabet Inc. Class A Add +32.1% 7.22% −1.24 META Meta Platforms Inc. Class A Add +42.0% 8.51% −1.33
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ TSLA Tesla Inc. put Add +55.6% 1,331,300 $494.9M NVDA Nvidia Corp. put Add +2.5% 1,870,600 $326.2M GOOG Alphabet Inc. Class C put Add +54.3% 1,051,100 $301.5M META Meta Platforms Inc. Class A put Add +144.9% 509,700 $291.6M AMD Advanced Micro Devices put Reduce -7.7% 911,000 $185.3M AMZN Amazon.com Inc. put Add +21.3% 811,300 $169.0M PLTR Palantir Technologies Inc. Class A put Add +10.5% 1,082,700 $158.4M GOOGL Alphabet Inc. Class A put Reduce -12.1% 284,500 $81.8M META Meta Platforms Inc. Class A call Add +14671.4% 103,400 $59.2M TSLA Tesla Inc. call Add +93200.0% 93,300 $34.7M GLD SPDR Gold Shares put Sold out 82,000 $32.5Mbefore exit GOOG Alphabet Inc. Class C call New 89,900 $25.8M GLD SPDR Gold Shares call Sold out 53,000 $21.0Mbefore exit NVDA Nvidia Corp. call Reduce -40.1% 97,400 $17.0M QQQ Invesco QQQ Trust Series 1 call New 28,300 $16.3M QQQ Invesco QQQ Trust Series 1 put New 28,300 $16.3M SPY SS SPDR S&P 500 ETF Trust-US put Sold out 23,000 $15.7Mbefore exit GOOGL Alphabet Inc. Class A call New 37,700 $10.8M AAPL Apple Inc. call Add +2678.6% 38,900 $9.9M XOM Exxon Mobil Corp. put New 47,900 $8.1M AMZN Amazon.com Inc. call Add +522.5% 24,900 $5.2M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 60,000 $4.8Mbefore exit MSFT Microsoft Corp. call Add +190.0% 11,600 $4.3M LLY Eli Lilly & Co. put Sold out 3,900 $4.2Mbefore exit CVX Chevron Corp. put New 17,000 $3.5M SLV iShares Silver Trust put Sold out 50,000 $3.2Mbefore exit VZ Verizon Communications Inc. put New 49,000 $2.5M JPM JPMorgan Chase & Co. call New 8,100 $2.4M JNJ Johnson & Johnson put Add +227.6% 9,500 $2.3M BRK.B Berkshire Hathaway Inc. Class B call Add +4700.0% 4,800 $2.3M PG The Procter & Gamble Co. call New 15,900 $2.3M BAC Bank of America Corp. call New 41,800 $2.0M AMD Advanced Micro Devices call Add +1125.0% 9,800 $2.0M NFLX Netflix Inc. put New 20,200 $1.9M V Visa Inc. Class A call New 6,400 $1.9M UNH Unitedhealth Group Inc. call New 6,300 $1.7M KWEB Kranesh Csi China Internet put Sold out 50,000 $1.7Mbefore exit COP Conocophillips put Add +11700.0% 11,800 $1.6M AVGO Broadcom Inc. call Reduce -46.2% 5,000 $1.5M COST Costco Wholesale Corp. put New 1,500 $1.5M T AT&T Inc. put New 48,100 $1.4M AMAT Applied Materials Inc. put Add +1133.3% 3,700 $1.3M WFC Wells Fargo & Co. call New 14,600 $1.2M MRK Merck & Co. Inc. put Add +35.2% 9,600 $1.2M GE General Electric call New 4,000 $1.1M IBM Intl Business Machines Corp. call New 4,600 $1.1M PM Philip Morris International call New 6,600 $1.1M MDT Medtronic PLC call New 12,400 $1.1M TMO Thermo Fisher Scientific Inc. call New 2,000 $983K ACN Accenture PLC Class A call New 4,900 $972K
Showing the first 50 of 151.
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 0 $0 Q1 2026 36 $203.6M TSLA, GOOG, NVDA, META, GOOGL Q4 2025 55 $143.1M TSLA, GOOG, META, GOOGL, AMD Q3 2025 44 $82.6M AAPL, NVDA, GOOGL, TSLA, GOOG Q2 2025 36 $99.2M SPY, COST, TGT, QQQ, NVDA Q1 2025 0 $0 Q4 2024 0 $0 Q3 2024 0 $0 Q2 2024 1 $102.7M SPY Q1 2024 36 $587.7M SPY, NVDA, MSFT, BRK.B, GOOGL