QVT Financial LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), QVT Financial LP reported 27 stock positions worth $1.0 billion. Its top holding was Roivant Sciences (ROIV) at 67.5% of the portfolio, followed by MP Materials (MP, 5.3%) and Okeanis Eco Tankers (ECO, 3.7%). Compared with Q4 2023, it opened 4 new positions, sold out of 1, added to 1 and reduced 4. The biggest buy was a new position in Okeanis Eco Tankers (ECO) and the biggest sale Roivant Sciences (ROIV, shares −41%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001290162
Portfolio Value
$1.0B (Q1 2024)
SEC Filing
0000950123-24-005532 ↗ filed May 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.0B $1.0B Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $973.7M Q1 2025 Q2 2025: $688.4M Q2 2025 Q3 2025: $873.7M Q3 2025 Q4 2025: $1.0B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 27 stocks · $1.0B
ROIV Roivant Sciences Ltd. 67.47% 66,719,779 $703.2M Reduce -40.7%
MP MP Materials Corp. 5.32% 3,876,000 $55.4M No change
ECO Okeanis Eco Tankers Corp. 3.69% 1,423,997 $38.4M New
GS Goldman Sachs Group Inc. 3.21% 80,062 $33.4M No change
NXST Nexstar Media Group Inc. 2.75% 165,735 $28.7M No change
MMYT Makemytrip Ltd. 2.17% 319,408 $22.6M Reduce -23.5%
TRML Tourmaline Bio Inc. 2.11% 948,366 $22.0M Reduce 0.0%
NNI Nelnet Inc. Class A 2.09% 229,665 $21.7M No change
BRK.B Berkshire Hathaway Inc. Class B 1.93% 47,946 $20.2M No change
ATEX Anterix Inc. 1.63% 503,941 $17.0M No change
NYT New York Times Co. Class A 1.31% 316,947 $13.7M No change
ARGX Argenx SE - ADR 1.23% 32,498 $12.8M No change
LILAK Liberty Latin Americ Class C 1.17% 1,749,467 $12.2M No change
IOVA Iovance Biotherapeutics Inc. 0.97% 678,564 $10.1M No change
BHVN Biohaven Ltd. 0.89% 170,006 $9.3M Reduce -20.7%
ALLT Allot Ltd. 0.53% 2,457,225 $5.6M No change
CCL Carnival Corp. 0.43% 275,000 $4.5M New
VTNRQ Vertex Energy Inc. 0.39% 2,925,000 $4.1M New
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 3,728 $2.0M No change
GTN Gray Media Inc. filed as GRAY TELEVISION INC 0.18% 291,452 $1.8M No change
INFA Informatica Inc. Class A 0.09% 27,285 $955K New
JD Jd.com Inc.-ADR 0.08% 32,274 $884K Add +91.3%
SRPT Sarepta Therapeutics Inc. 0.04% 3,117 $405K No change
BMRN Biomarin Pharmaceutical Inc. 0.04% 4,429 $387K No change
ACAD Acadia Pharmaceuticals Inc. 0.03% 19,613 $362K No change
BABA Alibaba Group Holding-SP ADR 0.03% 4,813 $348K No change
MERSANA THERAPEUTICS INC 0.03% 62,657 $283K No change

Options reported separately and not counted above: SPY puts ($88.9M), CCL puts ($16.3M), ZIM puts ($3.5M).

Other holdings (6): bonds, preferreds, convertibles and warrants · $31.3M (not counted above)
SecurityClassShares / PrincipalValueChange
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 6,500,000$12.1MNo change
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal 10,000,000$10.1MReduce -50.0%
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 5,000,000$4.3MNew
BILIBILI INC (BILI 0.5 12/01/26) NOTE 0.500%12/0 · principal 2,600,000$2.5MNo change
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 2,000,000$2.3MNo change
SLNWF Selina Hospitality PLC-27 *W EXP 10/27/202 144,913$1KNo change

Total filed on the 13F, all lines: $1.1B.

Portfolio Sells Q4 2023 → Q1 2024
ROIV Roivant Sciences Ltd. Reduce -40.7% 67.47% −11.36
IMGN Immunogen Inc. Sold out 0.00% −2.54
BHVN Biohaven Ltd. Reduce -20.7% 0.89% +0.32
TRML Tourmaline Bio Inc. Reduce 0.0% 2.11% +0.56
MMYT Makemytrip Ltd. Reduce -23.5% 2.17% +0.94

Portfolio Buys Q4 2023 → Q1 2024
ECO Okeanis Eco Tankers Corp. New 3.69% +3.69
CCL Carnival Corp. New 0.43% +0.43
VTNRQ Vertex Energy Inc. New 0.39% +0.39
INFA Informatica Inc. Class A New 0.09% +0.09
JD Jd.com Inc.-ADR Add +91.3% 0.08% +0.05

Options Activity Q4 2023 → Q1 2024
CCL Carnival Corp. call Sold out 400,000 $7.4Mbefore 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 2023 → Q1 2024
NIO INC (NIO 4.5 02/01/24) NOTE 4.500% 2/0 · principal Sold out 18,000,000 $19.5Mbefore exit
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal Reduce -50.0% 10,000,000 $10.1M
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal New 5,000,000 $4.3M
SMR.WS Nuscale Power Co. -CW27 *W EXP 05/02/202 Sold out 500,000 $155Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 68$1.5BROIV, SPY, ECO, ALLT, GS
Q1 2026 64$1.3BROIV, ECO, GS, ALLT, QQQ
Q4 2025 49$1.0BROIV, ALLT, GS, ECO, NXST
Q3 2025 42$873.7MROIV, TRML, ALLT, GS, ECO
Q2 2025 34$688.4MROIV, GS, ALLT, TRML, ECO
Q1 2025 30$973.7MROIV, GS, MP, ECO, BRK.B
Q4 2024 29$1.1BROIV, GS, ECO, NNI, MP
Q3 2024 28$1.1BROIV, MP, ECO, GS, NXST
Q2 2024 27$1.0BROIV, MP, ECO, GS, NXST
Q1 2024 27$1.0BROIV, MP, ECO, GS, NXST