QVT Financial LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), QVT Financial LP reported 29 stock positions worth $1.1 billion. Its top holding was Roivant Sciences (ROIV) at 72.9% of the portfolio, followed by Goldman Sachs (GS, 3.6%) and Okeanis Eco Tankers (ECO, 2.6%). Compared with Q3 2024, it opened 3 new positions, sold out of 2, added to 1 and reduced 3. The biggest buy was Allot (ALLT, shares +8%) and the biggest sale MP Materials (MP, shares −56%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001290162
Portfolio Value
$1.1B (Q4 2024)
SEC Filing
0000950123-25-002585 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $1.1B $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 29 stocks · $1.1B
ROIV Roivant Sciences Ltd. 72.93% 65,793,779 $778.3M No change
GS Goldman Sachs Group Inc. 3.64% 67,926 $38.9M No change
ECO Okeanis Eco Tankers Corp. 2.55% 1,423,997 $27.2M No change
NNI Nelnet Inc. Class A 2.30% 229,665 $24.5M No change
MP MP Materials Corp. 2.24% 1,531,571 $23.9M Reduce -56.2%
BRK.B Berkshire Hathaway Inc. Class B 2.04% 47,946 $21.7M No change
NXST Nexstar Media Group Inc. 1.80% 121,587 $19.2M Reduce -26.6%
ALLT Allot Ltd. 1.79% 3,205,793 $19.1M Add +7.5%
NYT New York Times Co. Class A 1.55% 316,947 $16.5M No change
ATEX Anterix Inc. 1.45% 503,941 $15.5M No change
TRML Tourmaline Bio Inc. 1.35% 711,275 $14.4M No change
LILAK Liberty Latin Americ Class C 1.04% 1,749,467 $11.1M No change
ARGX Argenx SE - ADR 0.95% 16,498 $10.1M Reduce -49.2%
WHWK Whitehawk Therapeutics Inc. filed as AADI BIOSCIENCE INC 0.68% 2,313,702 $7.3M New
NE Noble Corp. PLC 0.61% 208,634 $6.6M No change
SMMT Summit Therapeutics Inc. 0.60% 360,524 $6.4M No change
BHVN Biohaven Ltd. 0.59% 170,006 $6.3M No change
IOVA Iovance Biotherapeutics Inc. 0.47% 678,564 $5.0M No change
WBD Warner Bros Discovery Inc. 0.45% 457,850 $4.8M New
CMTL Comtech Telecommunications 0.23% 605,773 $2.4M No change
INFA Informatica Inc. Class A 0.22% 90,817 $2.4M No change
SNPS Synopsys Inc. 0.18% 3,886 $1.9M New
JD Jd.com Inc.-ADR 0.10% 32,274 $1.1M No change
GTN Gray Media Inc. filed as GRAY TELEVISION INC 0.09% 291,452 $918K No change
BABA Alibaba Group Holding-SP ADR 0.04% 4,813 $408K No change
SRPT Sarepta Therapeutics Inc. 0.04% 3,117 $379K No change
ACAD Acadia Pharmaceuticals Inc. 0.03% 19,613 $360K No change
BMRN Biomarin Pharmaceutical Inc. 0.03% 4,429 $291K No change
MERSANA THERAPEUTICS INC 0.01% 62,657 $90K No change

Options reported separately and not counted above: ZIM puts ($7.4M).

Other holdings (5): bonds, preferreds, convertibles and warrants · $47.4M (not counted above)
SecurityClassShares / PrincipalValueChange
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 6,500,000$18.9MNo change
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 15,000,000$13.7MNo change
NIO INC (NIO 0.5 02/01/27) NOTE 0.500% 2/0 · principal 8,500,000$8.4MNo change
INFINERA CORP (INFN 2.5 03/01/27) NOTE 2.500% 3/0 · principal 5,000,000$5.5MNo change
INFINERA CORP (INFN 3.75 08/01/28) NOTE 3.750% 8/0 · principal 718,000$852KNo change

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

Portfolio Sells Q3 2024 → Q4 2024
MP MP Materials Corp. Reduce -56.2% 2.24% −3.30
NXST Nexstar Media Group Inc. Reduce -26.6% 1.80% −0.66
ARGX Argenx SE - ADR Reduce -49.2% 0.95% −0.63
NTES Netease Inc.-ADR Sold out 0.00% −0.26
VTNRQ Vertex Energy Inc. Sold out 0.00% −0.05

Portfolio Buys Q3 2024 → Q4 2024
ALLT Allot Ltd. Add +7.5% 1.79% +0.99
WHWK Whitehawk Therapeutics Inc. New 0.68% +0.68
WBD Warner Bros Discovery Inc. New 0.45% +0.45
SNPS Synopsys Inc. New 0.18% +0.18

Options Activity Q3 2024 → Q4 2024
ZIM Zim Integrated Shipping Serv put New 346,500 $7.4M

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

Notes & Other Activity Q3 2024 → Q4 2024
BILIBILI INC (BILI 0.5 12/01/26) NOTE 0.500%12/0 · principal Sold out 2,600,000 $2.6Mbefore exit
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal Sold out 2,000,000 $2.3Mbefore 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