QVT Financial LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), QVT Financial LP reported 28 stock positions worth $1.1 billion. Its top holding was Roivant Sciences (ROIV) at 68.2% of the portfolio, followed by MP Materials (MP, 5.5%) and Okeanis Eco Tankers (ECO, 3.8%). Compared with Q2 2024, it opened 2 new positions, sold out of 1, added to 3 and reduced 3. The biggest buy was a new position in Noble (NE) and the biggest sale an exit from Makemytrip (MMYT).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001290162
Portfolio Value
$1.1B (Q3 2024)
SEC Filing
0000950123-24-011715 ↗ filed Nov 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.0B Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $1.1B $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 28 stocks · $1.1B
ROIV Roivant Sciences Ltd. 68.20% 65,793,779 $759.3M Reduce -1.4%
MP MP Materials Corp. 5.54% 3,494,158 $61.7M No change
ECO Okeanis Eco Tankers Corp. 3.76% 1,423,997 $41.8M No change
GS Goldman Sachs Group Inc. 3.02% 67,926 $33.6M Reduce -8.0%
NXST Nexstar Media Group Inc. 2.46% 165,735 $27.4M No change
NNI Nelnet Inc. Class A 2.34% 229,665 $26.0M No change
BRK.B Berkshire Hathaway Inc. Class B 1.98% 47,946 $22.1M No change
ATEX Anterix Inc. 1.70% 503,941 $19.0M No change
TRML Tourmaline Bio Inc. 1.64% 711,275 $18.3M No change
NYT New York Times Co. Class A 1.58% 316,947 $17.6M No change
ARGX Argenx SE - ADR 1.58% 32,498 $17.6M No change
LILAK Liberty Latin Americ Class C 1.49% 1,749,467 $16.6M No change
ALLT Allot Ltd. 0.80% 2,981,427 $8.9M Add +4.3%
BHVN Biohaven Ltd. 0.76% 170,006 $8.5M No change
SMMT Summit Therapeutics Inc. 0.71% 360,524 $7.9M Reduce -37.4%
NE Noble Corp. PLC 0.68% 208,634 $7.5M New
IOVA Iovance Biotherapeutics Inc. 0.57% 678,564 $6.4M No change
NTES Netease Inc.-ADR 0.26% 31,394 $2.9M Add +46.7%
CMTL Comtech Telecommunications 0.26% 605,773 $2.9M New
INFA Informatica Inc. Class A 0.21% 90,817 $2.3M No change
GTN Gray Media Inc. filed as GRAY TELEVISION INC 0.14% 291,452 $1.6M No change
JD Jd.com Inc.-ADR 0.12% 32,274 $1.3M No change
VTNRQ Vertex Energy Inc. 0.05% 4,660,000 $539K Add +13.0%
BABA Alibaba Group Holding-SP ADR 0.05% 4,813 $511K No change
SRPT Sarepta Therapeutics Inc. 0.04% 3,117 $389K No change
BMRN Biomarin Pharmaceutical Inc. 0.03% 4,429 $311K No change
ACAD Acadia Pharmaceuticals Inc. 0.03% 19,613 $302K No change
MERSANA THERAPEUTICS INC 0.01% 62,657 $118K No change
Other holdings (7): bonds, preferreds, convertibles and warrants · $48.7M (not counted above)
SecurityClassShares / PrincipalValueChange
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 6,500,000$15.8MNo change
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 15,000,000$13.6MNo change
NIO INC (NIO 0.5 02/01/27) NOTE 0.500% 2/0 · principal 8,500,000$8.3MNo change
INFINERA CORP (INFN 2.5 03/01/27) NOTE 2.500% 3/0 · principal 5,000,000$5.3MNew
BILIBILI INC (BILI 0.5 12/01/26) NOTE 0.500%12/0 · principal 2,600,000$2.6MNo change
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 2,000,000$2.3MNo change
INFINERA CORP (INFN 3.75 08/01/28) NOTE 3.750% 8/0 · principal 718,000$813KNew

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q2 2024 → Q3 2024
MMYT Makemytrip Ltd. Sold out 0.00% −1.58
ROIV Roivant Sciences Ltd. Reduce -1.4% 68.20% −0.81
GS Goldman Sachs Group Inc. Reduce -8.0% 3.02% −0.25
SMMT Summit Therapeutics Inc. Reduce -37.4% 0.71% +0.27

Portfolio Buys Q2 2024 → Q3 2024
NE Noble Corp. PLC New 0.68% +0.68
CMTL Comtech Telecommunications New 0.26% +0.26
ALLT Allot Ltd. Add +4.3% 0.80% +0.15
NTES Netease Inc.-ADR Add +46.7% 0.26% +0.06
VTNRQ Vertex Energy Inc. Add +13.0% 0.05% −0.33

Options Activity Q2 2024 → Q3 2024
VTNRQ Vertex Energy Inc. call Sold out 500,000 $472Kbefore exit

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

Notes & Other Activity Q2 2024 → Q3 2024
INFINERA CORP (INFN 2.5 03/01/27) NOTE 2.500% 3/0 · principal New 5,000,000 $5.3M
INFINERA CORP (INFN 3.75 08/01/28) NOTE 3.750% 8/0 · principal New 718,000 $813K
SLNWF Selina Hospitality PLC-27 *W EXP 10/27/202 Sold out 144,913 $2Kbefore 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