SAL Trading, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), SAL Trading, LLC reported 6 stock positions worth $49.1 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 87.3% of the portfolio, followed by British American Tob-SP ADR (BTI, 4.4%) and Astrazeneca PLC-Spons ADR (AZN, 4.1%). Compared with Q4 2023, it opened 4 new positions, sold out of 9, added to 1 and reduced 1. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale an exit from ASML Holding NV-NY Reg SHS (ASML).
- Most Recent 13F
- Q3 2024
- Location
- Wilmington, DE
- CIK
- 0001879635
- Portfolio Value
- $49.1M (Q1 2024)
- SEC Filing
- 0001879635-24-000002 ↗ filed May 7, 2024
Holdings Value
Holdings 6 stocks · $49.1M
| SPY SS SPDR S&P 500 ETF Trust-US | 87.33% | 81,899 | $42.8M | New |
| BTI British American Tob-SP ADR | 4.41% | 70,900 | $2.2M | New |
| AZN Astrazeneca PLC-Spons ADR | 4.13% | 29,902 | $2.0M | Add +47.3% |
| ARGX Argenx SE - ADR | 1.81% | 2,249 | $885K | Reduce -40.0% |
| RACE Ferrari NV | 1.33% | 1,500 | $654K | New |
| MOR Morphosys AG ADR | 0.99% | 26,800 | $486K | New |
Options reported separately and not counted above: RIO calls ($10.5M), ARGX puts ($8.0M), RIO puts ($7.6M), ASML calls ($5.2M), ARGX calls ($4.8M), AZN puts ($1.7M), AZN calls ($847K), CMBT calls ($170K).
Portfolio Sells Q4 2023 → Q1 2024
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −23.91 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −19.91 |
| MT Arcelormittal-NY Registered | Sold out | 0.00% | −11.24 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −8.16 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −8.12 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −6.45 |
| ARGX Argenx SE - ADR | Reduce -40.0% | 1.81% | −5.14 |
| STLA Stellantis NV | Sold out | 0.00% | −3.96 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −3.44 |
| LOGI Logitech International-Reg | Sold out | 0.00% | −1.20 |
Portfolio Buys Q4 2023 → Q1 2024
Options Activity Q4 2023 → Q1 2024
| RIO Rio Tinto PLC-Spon ADR | call | Add +85.9% | 164,000 | $10.5M |
| ARGX Argenx SE - ADR | put | Reduce -6.0% | 20,200 | $8.0M |
| RIO Rio Tinto PLC-Spon ADR | put | Reduce -3.6% | 119,200 | $7.6M |
| ASML ASML Holding NV-NY Reg SHS | call | Add +22.7% | 5,400 | $5.2M |
| ARGX Argenx SE - ADR | call | Reduce -34.6% | 12,100 | $4.8M |
| ASML ASML Holding NV-NY Reg SHS | put | Sold out | 4,900 | $3.7Mbefore exit |
| AZN Astrazeneca PLC-Spons ADR | put | Add +106.8% | 24,400 | $1.7M |
| AZN Astrazeneca PLC-Spons ADR | call | Reduce -57.0% | 12,500 | $847K |
| BTI British American Tob-SP ADR | call | Sold out | 21,400 | $627Kbefore exit |
| MT Arcelormittal-NY Registered | call | Sold out | 18,900 | $537Kbefore exit |
| CMBT CMB Tech NV | call | New | 10,200 | $170K |
| NOK Nokia Corp.-Spon ADR | call | Sold out | 30,200 | $103Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.