QVT Financial LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), QVT Financial LP reported 27 stock positions worth $1.0 billion. Its top holding was Roivant Sciences (ROIV) at 69.0% of the portfolio, followed by MP Materials (MP, 4.4%) and Okeanis Eco Tankers (ECO, 4.0%). Compared with Q1 2024, it opened 2 new positions, sold out of 2, added to 3 and reduced 4. The biggest buy was a new position in Summit Therapeutics (SMMT) and the biggest sale Tourmaline Bio (TRML, shares −25%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001290162
Portfolio Value
$1.0B (Q2 2024)
SEC Filing
0000950123-24-008706 ↗ filed Aug 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.0B Q1 2024 Q2 2024: $1.0B $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. 69.01% 66,719,779 $705.2M No change
MP MP Materials Corp. 4.35% 3,494,158 $44.5M Reduce -9.8%
ECO Okeanis Eco Tankers Corp. 4.03% 1,423,997 $41.2M No change
GS Goldman Sachs Group Inc. 3.27% 73,833 $33.4M Reduce -7.8%
NXST Nexstar Media Group Inc. 2.69% 165,735 $27.5M No change
NNI Nelnet Inc. Class A 2.27% 229,665 $23.2M No change
ATEX Anterix Inc. 1.95% 503,941 $20.0M No change
BRK.B Berkshire Hathaway Inc. Class B 1.91% 47,946 $19.5M No change
LILAK Liberty Latin Americ Class C 1.65% 1,749,467 $16.8M No change
NYT New York Times Co. Class A 1.59% 316,947 $16.2M No change
MMYT Makemytrip Ltd. 1.58% 191,632 $16.1M Reduce -40.0%
ARGX Argenx SE - ADR 1.37% 32,498 $14.0M No change
TRML Tourmaline Bio Inc. 0.90% 711,275 $9.1M Reduce -25.0%
ALLT Allot Ltd. 0.65% 2,857,225 $6.6M Add +16.3%
BHVN Biohaven Ltd. 0.58% 170,006 $5.9M No change
IOVA Iovance Biotherapeutics Inc. 0.53% 678,564 $5.4M No change
SMMT Summit Therapeutics Inc. 0.44% 575,705 $4.5M New
VTNRQ Vertex Energy Inc. 0.38% 4,125,000 $3.9M Add +41.0%
INFA Informatica Inc. Class A 0.27% 90,817 $2.8M Add +232.8%
NTES Netease Inc.-ADR 0.20% 21,394 $2.0M New
GTN Gray Media Inc. filed as GRAY TELEVISION INC 0.15% 291,452 $1.5M No change
JD Jd.com Inc.-ADR 0.08% 32,274 $834K No change
SRPT Sarepta Therapeutics Inc. 0.05% 3,117 $492K No change
BMRN Biomarin Pharmaceutical Inc. 0.04% 4,429 $365K No change
BABA Alibaba Group Holding-SP ADR 0.03% 4,813 $347K No change
ACAD Acadia Pharmaceuticals Inc. 0.03% 19,613 $319K No change
MERSANA THERAPEUTICS INC 0.01% 62,657 $126K No change

Options reported separately and not counted above: VTNRQ calls ($472K).

Other holdings (6): bonds, preferreds, convertibles and warrants · $41.0M (not counted above)
SecurityClassShares / PrincipalValueChange
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 6,500,000$14.3MNo change
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 15,000,000$13.1MAdd +200.0%
NIO INC (NIO 0.5 02/01/27) NOTE 0.500% 2/0 · principal 8,500,000$8.1MNew
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 2,000,000$2.9MNo change
BILIBILI INC (BILI 0.5 12/01/26) NOTE 0.500%12/0 · principal 2,600,000$2.5MNo change
SLNWF Selina Hospitality PLC-27 *W EXP 10/27/202 144,913$2KNo change

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

Portfolio Sells Q1 2024 → Q2 2024
TRML Tourmaline Bio Inc. Reduce -25.0% 0.90% −1.22
MP MP Materials Corp. Reduce -9.8% 4.35% −0.97
MMYT Makemytrip Ltd. Reduce -40.0% 1.58% −0.59
CCL Carnival Corp. Sold out 0.00% −0.43
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.19
GS Goldman Sachs Group Inc. Reduce -7.8% 3.27% +0.06

Portfolio Buys Q1 2024 → Q2 2024
SMMT Summit Therapeutics Inc. New 0.44% +0.44
NTES Netease Inc.-ADR New 0.20% +0.20
INFA Informatica Inc. Class A Add +232.8% 0.27% +0.18
ALLT Allot Ltd. Add +16.3% 0.65% +0.12
VTNRQ Vertex Energy Inc. Add +41.0% 0.38% −0.01

Options Activity Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 170,000 $88.9Mbefore exit
CCL Carnival Corp. put Sold out 1,000,000 $16.3Mbefore exit
ZIM Zim Integrated Shipping Serv put Sold out 346,500 $3.5Mbefore exit
VTNRQ Vertex Energy Inc. call New 500,000 $472K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal Add +200.0% 15,000,000 $13.1M
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal Sold out 10,000,000 $10.1Mbefore exit
NIO INC (NIO 0.5 02/01/27) NOTE 0.500% 2/0 · principal New 8,500,000 $8.1M

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