SAL Trading, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 15, 2024), SAL Trading, LLC reported 7 stock positions worth $54.1 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 82.4% of the portfolio, followed by Astrazeneca PLC-Spons ADR (AZN, 11.3%) and British American Tob-SP ADR (BTI, 1.7%). Compared with Q1 2024, it opened 2 new positions, sold out of 1, added to 1 and reduced 2. The biggest buy was Astrazeneca PLC-Spons ADR (AZN, shares +163%) and the biggest sale British American Tob-SP ADR (BTI, shares −58%).

Most Recent 13F
Q3 2024
Location
Wilmington, DE
CIK
0001879635
Portfolio Value
$54.1M (Q2 2024)
SEC Filing
0001879635-24-000003 ↗ filed Aug 15, 2024

Holdings Value

0$20.0M$40.0M$60.0M Q1 2024: $49.1M Q1 2024 Q2 2024: $54.1M $54.1M Q2 2024 Q3 2024: $49.9M Q3 2024

Holdings 7 stocks · $54.1M
SPY SS SPDR S&P 500 ETF Trust-US 82.36% 81,899 $44.6M No change
AZN Astrazeneca PLC-Spons ADR 11.34% 78,702 $6.1M Add +163.2%
BTI British American Tob-SP ADR 1.71% 29,869 $924K Reduce -57.9%
BP BP PLC-Spons ADR 1.57% 23,500 $848K New
ARGX Argenx SE - ADR 1.55% 1,949 $838K Reduce -13.3%
RACE Ferrari NV 1.13% 1,500 $613K No change
CMBT CMB Tech NV filed as EURONAV NV 0.35% 11,300 $187K New

Options reported separately and not counted above: BHP puts ($1.3M), ARGX puts ($903K), BHP calls ($862K), RIO calls ($824K), ARGX calls ($215K).

Portfolio Sells Q1 2024 → Q2 2024
BTI British American Tob-SP ADR Reduce -57.9% 1.71% −2.70
MOR Morphosys AG ADR Sold out 0.00% −0.99
ARGX Argenx SE - ADR Reduce -13.3% 1.55% −0.26

Portfolio Buys Q1 2024 → Q2 2024
AZN Astrazeneca PLC-Spons ADR Add +163.2% 11.34% +7.21
BP BP PLC-Spons ADR New 1.57% +1.57
CMBT CMB Tech NV New 0.35% +0.35

Options Activity Q1 2024 → Q2 2024
RIO Rio Tinto PLC-Spon ADR put Sold out 119,200 $7.6Mbefore exit
ASML ASML Holding NV-NY Reg SHS call Sold out 5,400 $5.2Mbefore exit
AZN Astrazeneca PLC-Spons ADR put Sold out 24,400 $1.7Mbefore exit
BHP BHP Group Ltd.-Spon ADR put New 22,200 $1.3M
ARGX Argenx SE - ADR put Reduce -89.6% 2,100 $903K
BHP BHP Group Ltd.-Spon ADR call New 15,100 $862K
AZN Astrazeneca PLC-Spons ADR call Sold out 12,500 $847Kbefore exit
RIO Rio Tinto PLC-Spon ADR call Reduce -92.4% 12,500 $824K
ARGX Argenx SE - ADR call Reduce -95.9% 500 $215K
CMBT CMB Tech NV call Sold out 10,200 $170Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2024 5$49.9MSPY, ARGX, RIO, FRO, MT
Q2 2024 7$54.1MSPY, AZN, BTI, BP, ARGX
Q1 2024 6$49.1MSPY, BTI, AZN, ARGX, RACE