Soros Fund Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), George Soros's Soros Fund Management reported 141 stock positions worth $3.8 billion. Its top holding was Smurfit Westrock (SW) at 8.6% of the portfolio, followed by GFL Environmental Inc.-Sub VT (GFL, 3.8%) and Liberty Broadband-C (LBRDK, 3.8%). Compared with Q1 2025, it opened 52 new positions, sold out of 73, added to 48 and reduced 34. The biggest buy was a new position in Brown & Brown (BRO) and the biggest sale an exit from Astrazeneca PLC-Spons ADR (AZN).
- Most Recent 13F
- Q2 2026
- Notable People
- George Soros
- Location
- NEW YORK, NY
- CIK
- 0001029160
- Portfolio Value
- $3.8B (Q2 2025)
- SEC Filing
- 0000902664-25-003648 ↗ filed Aug 14, 2025
Holdings Value
Holdings 141 stocks · $3.8B
| SW Smurfit Westrock PLC | 8.61% | 7,480,587 | $322.8M | Add +9.2% |
| GFL GFL Environmental Inc.-Sub VT | 3.84% | 2,852,374 | $143.9M | Reduce -6.3% |
| LBRDK Liberty Broadband-C | 3.78% | 1,440,391 | $141.7M | Add +28.6% |
| FLUT Flutter Entertainment PLC-Di | 3.73% | 490,080 | $140.0M | Reduce -15.6% |
| IBKR Interactive Brokers Gro Class A | 3.30% | 2,233,727 | $123.8M | Add +181.8% |
| BRO Brown & Brown Inc. | 2.96% | 1,000,000 | $110.9M | New |
| CRM Salesforce Inc. | 2.83% | 389,776 | $106.3M | Add +13.7% |
| AER Aercap Holdings NV | 2.55% | 816,489 | $95.5M | Reduce -36.2% |
| ETR Entergy Corp. | 2.39% | 1,077,874 | $89.6M | Reduce -1.6% |
| NVDA Nvidia Corp. | 2.28% | 540,292 | $85.4M | Add +835.5% |
| SARO Standardaero Inc. | 2.26% | 2,681,784 | $84.9M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 2.24% | 382,858 | $84.0M | Reduce -11.7% |
| ARMK Aramark | 1.73% | 1,550,092 | $64.9M | New |
| SNOW Snowflake Inc. | 1.63% | 273,338 | $61.2M | Add +93.4% |
| TKO Tko Group Holdings Inc. | 1.63% | 335,518 | $61.0M | Reduce -0.7% |
| CRBG Corebridge Financial Inc. | 1.59% | 1,685,056 | $59.8M | Add +23.6% |
| CRCL Circle Internet Group Inc. | 1.47% | 305,000 | $55.3M | New |
| ULS Ul Solutions Inc. Class A | 1.47% | 756,596 | $55.1M | Reduce -12.7% |
| CRH CRH PLC | 1.45% | 594,262 | $54.6M | Add +44.1% |
| UBER Uber Technologies Inc. | 1.34% | 538,416 | $50.2M | Reduce -15.6% |
| DDOG Datadog Inc. Class A | 1.28% | 356,502 | $47.9M | Add +18.9% |
| IEF iShares 7-10 Year Treasury B | 1.28% | 500,000 | $47.9M | New |
| IDA Idacorp Inc. | 1.25% | 406,400 | $46.9M | New |
| KKR KKR & Co. Inc. | 1.22% | 343,185 | $45.7M | Add +131.7% |
| SGI Somnigroup International Inc. | 1.15% | 634,729 | $43.2M | Add +124.1% |
| BHF Brighthouse Financial Inc. | 1.10% | 764,750 | $41.1M | Add +48.0% |
| JBTM JBT Marel Corp. | 1.06% | 330,306 | $39.7M | New |
| BGC BGC Group Inc. Class A | 0.98% | 3,604,231 | $36.9M | Add +28.1% |
| ESGR Enstar Group Ltd. | 0.93% | 103,411 | $34.8M | Add +21.4% |
| DNB Dun & Bradstreet Holdings Inc. | 0.89% | 3,660,959 | $33.3M | Add +59.2% |
| BPMC Blueprint Medicines Corp. | 0.85% | 250,000 | $32.0M | New |
| ATI Ati Inc. | 0.83% | 362,695 | $31.3M | Reduce -40.9% |
| UNH Unitedhealth Group Inc. | 0.83% | 100,000 | $31.2M | Add +40.6% |
| SAIL Sailpoint Inc. | 0.82% | 1,352,235 | $30.9M | Add +30.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.79% | 47,778 | $29.5M | Reduce -84.8% |
| SRAD Sportradar Group AG-A | 0.76% | 1,017,188 | $28.6M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.76% | 125,478 | $28.4M | New |
| IPG Interpublic Group of Cos Inc. | 0.76% | 1,158,950 | $28.4M | Add +279.3% |
| PONY Pony AI Inc. | 0.75% | 2,128,603 | $28.1M | Add +11.9% |
| FSLR First Solar Inc. | 0.73% | 166,063 | $27.5M | Reduce -45.9% |
| MUB iShares National Muni Bond E | 0.67% | 241,400 | $25.2M | No change |
| AS Amer Sports Inc. | 0.65% | 625,890 | $24.3M | Add +13.7% |
| CP Canadian Pacific Kansas City | 0.64% | 301,837 | $23.9M | Reduce -49.3% |
| SNDK Sandisk Corp. | 0.64% | 526,825 | $23.9M | New |
| SWTX Springworks Therapeutics Inc. | 0.63% | 501,989 | $23.6M | Add +9.9% |
| KRMN Karman Holdings Inc. | 0.62% | 464,280 | $23.4M | Add +5.9% |
| PRMB Primo Brands Corp. | 0.60% | 759,800 | $22.5M | Add +54.8% |
| ACN Accenture PLC Class A | 0.60% | 75,259 | $22.5M | Reduce -43.2% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.60% | 354,686 | $22.4M | No change |
| K Kellanova | 0.59% | 280,083 | $22.3M | Reduce -9.4% |
| NKE Nike Inc. Class B | 0.57% | 302,320 | $21.5M | Add +33.0% |
| AZEK The Azek Co. Inc. | 0.56% | 383,866 | $20.9M | Add +107.5% |
| CYBR Cyberark Software Ltd./Israel | 0.55% | 50,931 | $20.7M | Reduce -65.4% |
| AVDX Avidxchange Holdings Inc. | 0.54% | 2,079,567 | $20.4M | New |
| WWD Woodward Inc. | 0.54% | 82,427 | $20.2M | Reduce -2.5% |
| IEX Idex Corp. | 0.52% | 111,420 | $19.6M | Add +2.0% |
| CSX CSX Corp. | 0.52% | 592,799 | $19.3M | Reduce -9.2% |
| AMRZ Amrize Ltd. | 0.52% | 390,000 | $19.3M | New |
| ONB Old National Bancorp | 0.49% | 855,685 | $18.3M | Add +62.7% |
| EVGO Evgo Inc. | 0.48% | 4,976,983 | $18.2M | Add +342.2% |
| OS Onestream Inc. | 0.47% | 625,800 | $17.7M | Add +33.8% |
| TPG TPG Inc. | 0.47% | 335,835 | $17.6M | New |
| JCI Johnson Controls Internation | 0.46% | 164,310 | $17.4M | New |
| MSFT Microsoft Corp. | 0.44% | 33,410 | $16.6M | New |
| ETWO E2OPEN Parent Holdings Inc. | 0.42% | 4,900,000 | $15.8M | New |
| ALLY Ally Financial Inc. | 0.42% | 406,200 | $15.8M | Add +26.6% |
| SKX Skechers USA Inc. Class A | 0.42% | 250,000 | $15.8M | New |
| CVLT Commvault Systems Inc. | 0.42% | 90,000 | $15.7M | New |
| GL Globe Life Inc. | 0.41% | 124,500 | $15.5M | Add +39.0% |
| AMAT Applied Materials Inc. | 0.41% | 83,513 | $15.3M | Add +68.7% |
| LOAR Loar Holdings Inc. | 0.40% | 172,564 | $14.9M | Reduce -12.1% |
| DASH DoorDash Inc. Class A | 0.40% | 60,274 | $14.9M | Reduce -42.8% |
| GS Goldman Sachs Group Inc. | 0.40% | 20,961 | $14.8M | Reduce -82.7% |
| AAMI Acadian Asset Management Inc. | 0.39% | 415,593 | $14.6M | Add +20.0% |
| BKNG Booking Holdings Inc. | 0.39% | 2,500 | $14.5M | Add +66.7% |
| ALL Allstate Corp. | 0.38% | 70,870 | $14.3M | Add +41.0% |
| NOC Northrop Grumman Corp. | 0.37% | 28,000 | $14.0M | Reduce -22.1% |
| WAY Waystar Holding Corp. | 0.36% | 333,153 | $13.6M | Add +12.4% |
| KEY Keycorp | 0.36% | 771,100 | $13.4M | Reduce -22.6% |
| OC Owens Corning | 0.36% | 97,261 | $13.4M | Add +1.1% |
| FCNCA First Citizens Bcshs Class A | 0.34% | 6,555 | $12.8M | Add +20.4% |
| CRWV Coreweave Inc. Class A | 0.33% | 75,692 | $12.3M | Add +0.9% |
| SMA Smartstop Self Storage REIT | 0.32% | 328,428 | $11.9M | New |
| TGI Triumph Group Inc. | 0.32% | 459,243 | $11.8M | Add +5.9% |
| GGAL Grupo Financiero Galicia-ADR | 0.31% | 228,252 | $11.5M | New |
| ADI Analog Devices Inc. | 0.29% | 46,200 | $11.0M | Reduce -56.5% |
| TTAN Servicetitan Inc. Class A | 0.29% | 100,000 | $10.7M | Add +265.6% |
| ETOR Etoro Group Ltd. Class A | 0.28% | 160,000 | $10.7M | New |
| RTX RTX Corp. | 0.28% | 71,795 | $10.5M | New |
| ARES ACQUISITION CORP II | 0.27% | 900,000 | $10.2M | New |
| KWEB Kranesh Csi China Internet | 0.27% | 293,404 | $10.1M | Add +30.2% |
| ADT Adt Inc. | 0.25% | 1,128,566 | $9.6M | Reduce -17.0% |
| CTRI Centuri Holdings Inc. | 0.24% | 400,000 | $9.0M | New |
| WBA Walgreens Boots Alliance Inc. | 0.23% | 750,000 | $8.6M | No change |
| WDC Western Digital Corp. | 0.23% | 134,323 | $8.6M | Reduce -61.6% |
| CME Cme Group Inc. | 0.22% | 30,028 | $8.3M | No change |
| LAZ Lazard Inc. | 0.21% | 160,750 | $7.7M | Add +20.0% |
| SYF Synchrony Financial | 0.20% | 114,961 | $7.7M | Reduce -16.9% |
| GLXY Galaxy Digital Inc. Class A | 0.18% | 310,800 | $6.8M | New |
| LOW Lowe's Cos Inc. | 0.18% | 30,000 | $6.7M | New |
| CIFR Cipher Digital Inc. | 0.17% | 1,300,000 | $6.2M | Add +67.5% |
| TTAM Titan America SA | 0.16% | 476,406 | $5.9M | Add +46.3% |
| RPD RAPID7 Inc. | 0.16% | 253,845 | $5.9M | Reduce -14.9% |
| TEAM Atlassian Corp. Class A | 0.15% | 27,581 | $5.6M | New |
| SLDE Slide Insurance Holdings Inc. | 0.14% | 250,000 | $5.4M | New |
| FTV Fortive Corp. | 0.14% | 100,000 | $5.2M | New |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 0.13% | 124,476 | $4.9M | New |
| EQH Equitable Holdings Inc. | 0.13% | 86,500 | $4.9M | Add +130.7% |
| GOOGL Alphabet Inc. Class A | 0.13% | 26,970 | $4.8M | Reduce -94.6% |
| FDX FedEx Corp. | 0.12% | 20,000 | $4.5M | Reduce -82.0% |
| EWC iShares MSCI Canada ETF | 0.12% | 97,700 | $4.5M | No change |
| AAPL Apple Inc. | 0.12% | 21,131 | $4.3M | New |
| HNGE Hinge Health Inc. Class A | 0.10% | 75,000 | $3.9M | New |
| AHL Aspen Insurance Holdings Class A | 0.10% | 120,000 | $3.8M | New |
| RKT Rocket Cos Inc. Class A | 0.09% | 250,000 | $3.5M | Reduce -30.6% |
| COOP Mr Cooper Group Inc. | 0.08% | 19,922 | $3.0M | New |
| CWAN Clearwater Analytics HDS-A | 0.07% | 125,000 | $2.7M | New |
| HG Hamilton Insurance Grou Class B | 0.07% | 120,000 | $2.6M | Add +20.0% |
| SHLS Shoals Technologies Group -A | 0.07% | 610,241 | $2.6M | New |
| HOLX Hologic Inc. | 0.07% | 39,137 | $2.6M | New |
| BDC Belden Inc. | 0.07% | 21,505 | $2.5M | New |
| ECVT Ecovyst Inc. | 0.06% | 286,674 | $2.4M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.06% | 20,000 | $2.2M | No change |
| MNTN MNTN Inc. Class A | 0.06% | 100,000 | $2.2M | New |
| LWACU Lightwave Acquisition Corp. | 0.05% | 200,000 | $2.0M | New |
| GOLDEN OCEAN GROUP LTD | 0.05% | 250,000 | $1.8M | New |
| MIR Mirion Technologies Inc. | 0.04% | 71,700 | $1.5M | New |
| CHYM Chime Financial Inc. Class A | 0.04% | 40,000 | $1.4M | New |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.04% | 25,000 | $1.4M | New |
| CAI Caris Life Sciences Inc. | 0.04% | 50,000 | $1.3M | New |
| RDFN Redfin Corp. | 0.03% | 94,790 | $1.1M | Reduce -89.1% |
| TSLA Tesla Inc. | 0.03% | 3,209 | $1.0M | New |
| FICO Fair Isaac Corp. | 0.03% | 540 | $987K | New |
| SPSB SS SPDR P St C Corp. ETF | 0.03% | 31,925 | $964K | Reduce -51.1% |
| AII American Integrity Insurance | 0.02% | 40,000 | $736K | New |
| OMDA Omada Health Inc. | 0.02% | 35,000 | $641K | New |
| RBRK Rubrik Inc. Class A | 0.02% | 6,672 | $598K | New |
| BBNX Beta Bionics Inc. | 0.01% | 25,000 | $364K | Reduce -3.7% |
| KMTS Kestra Medical Technologies | 0.01% | 15,000 | $249K | No change |
| VTRS Viatris Inc. | 0.00% | 12,303 | $110K | New |
| GRAB Grab Holdings Ltd. Class A | 0.00% | 14,677 | $74K | Add +19.7% |
Options reported separately and not counted above: SPY puts ($332.1M), FSLR calls ($271.2M), IWM puts ($226.6M), QQQ calls ($220.7M), XLP puts ($113.4M), XLI puts ($103.3M), EFA puts ($89.4M), RUN calls ($77.7M), MSFT calls ($74.6M), IWM calls ($64.7M), SPY calls ($61.8M), FXI calls ($55.1M), and 18 more.
Other holdings (31): bonds, preferreds, convertibles and warrants · $2.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 142,500,000 | $215.9M | Add +10.0% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 200,000,000 | $179.4M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 165,000,000 | $163.9M | Add +175.0% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 166,500,000 | $155.8M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 148,436,000 | $151.3M | Reduce -6.9% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 136,500,000 | $148.0M | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 123,750,000 | $122.6M | Reduce -5.7% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 92,500,000 | $93.8M | Reduce -7.5% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 94,754,000 | $92.0M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 95,000,000 | $88.8M | Add +35.7% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 86,000,000 | $88.6M | Add +43.3% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 77,000,000 | $84.6M | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 62,500,000 | $74.1M | New |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 72,250,000 | $67.2M | No change |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 47,500,000 | $45.6M | New |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 43,136,000 | $42.8M | Reduce -45.5% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 37,500,000 | $42.7M | Reduce -60.1% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 37,500,000 | $39.1M | New |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 51,580,000 | $36.7M | Add +47.6% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 35,000,000 | $31.5M | Reduce -51.7% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 28,000,000 | $29.8M | New |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 25,000,000 | $24.1M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 11,250,000 | $13.2M | Reduce -47.1% |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 10,500,000 | $10.1M | No change |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 38,000,000 | $9.5M | Reduce -48.0% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 10,000,000 | $8.7M | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 20,000,000 | $5.0M | Reduce -73.0% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 5,500,000 | $4.9M | New |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 15,000,000 | $3.8M | Reduce -50.0% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 1,500,000 | $1.4M | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 1,000,000 | $958K | No change |
Total filed on the 13F, all lines: $5.8B.
Portfolio Sells Q1 2025 → Q2 2025
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −5.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -84.8% | 0.79% | −3.63 |
| AEP American Electric Power | Sold out | 0.00% | −2.42 |
| GOOGL Alphabet Inc. Class A | Reduce -94.6% | 0.13% | −1.81 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −1.43 |
| GS Goldman Sachs Group Inc. | Reduce -82.7% | 0.40% | −1.27 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −1.20 |
| ASHR Xtrackers Harvest Csi 300 CH | Sold out | 0.00% | −1.14 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −1.03 |
| LVS Las Vegas Sands Corp. | Sold out | 0.00% | −0.79 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.78 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.77 |
| AER Aercap Holdings NV | Reduce -36.2% | 2.55% | −0.75 |
| CYBR Cyberark Software Ltd./Israel | Reduce -65.4% | 0.55% | −0.70 |
| JWN Nordstrom Inc. | Sold out | 0.00% | −0.70 |
| NBIX Neurocrine Biosciences Inc. | Sold out | 0.00% | −0.67 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.63 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.61 |
| INSM Insmed Inc. | Sold out | 0.00% | −0.59 |
| FDX FedEx Corp. | Reduce -82.0% | 0.12% | −0.56 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −0.56 |
| HEES H&E Equipment Services Inc. | Sold out | 0.00% | −0.56 |
| GLW Corning Inc. | Sold out | 0.00% | −0.54 |
| PLYA Playa Hotels & Resorts NV | Sold out | 0.00% | −0.54 |
| VFH Vanguard Financials ETF | Sold out | 0.00% | −0.53 |
| SLNO Soleno Therapeutics Inc. | Sold out | 0.00% | −0.49 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.47 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.46 |
| ACN Accenture PLC Class A | Reduce -43.2% | 0.60% | −0.44 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.43 |
| CP Canadian Pacific Kansas City | Reduce -49.3% | 0.64% | −0.41 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −0.41 |
| AUR Aurora Innovation Inc. | Sold out | 0.00% | −0.40 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.39 |
| ATSG Air Transport Services Group | Sold out | 0.00% | −0.38 |
| LEU Centrus Energy Corp. Class A | Sold out | 0.00% | −0.37 |
| PTVE Pactiv Evergreen Inc. | Sold out | 0.00% | −0.36 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.34 |
| EOLS Evolus Inc. | Sold out | 0.00% | −0.30 |
| ASTS Ast Spacemobile Inc. | Sold out | 0.00% | −0.27 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.25 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.25 |
| ADI Analog Devices Inc. | Reduce -56.5% | 0.29% | −0.25 |
| FSLR First Solar Inc. | Reduce -45.9% | 0.73% | −0.25 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.23 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.21 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.21 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.20 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.19 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.19 |
Portfolio Buys Q1 2025 → Q2 2025
| BRO Brown & Brown Inc. | New | 2.96% | +2.96 |
| IBKR Interactive Brokers Gro Class A | Add +181.8% | 3.30% | +2.47 |
| NVDA Nvidia Corp. | Add +835.5% | 2.28% | +2.12 |
| ARMK Aramark | New | 1.73% | +1.73 |
| CRCL Circle Internet Group Inc. | New | 1.47% | +1.47 |
| LBRDK Liberty Broadband-C | Add +28.6% | 3.78% | +1.38 |
| IEF iShares 7-10 Year Treasury B | New | 1.28% | +1.28 |
| IDA Idacorp Inc. | New | 1.25% | +1.25 |
| SNOW Snowflake Inc. | Add +93.4% | 1.63% | +1.11 |
| JBTM JBT Marel Corp. | New | 1.06% | +1.06 |
| BPMC Blueprint Medicines Corp. | New | 0.85% | +0.85 |
| SW Smurfit Westrock PLC | Add +9.2% | 8.61% | +0.83 |
| KKR KKR & Co. Inc. | Add +131.7% | 1.22% | +0.79 |
| SRAD Sportradar Group AG-A | New | 0.76% | +0.76 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.76% | +0.76 |
| SGI Somnigroup International Inc. | Add +124.1% | 1.15% | +0.72 |
| SNDK Sandisk Corp. | New | 0.64% | +0.64 |
| IPG Interpublic Group of Cos Inc. | Add +279.3% | 0.76% | +0.55 |
| AVDX Avidxchange Holdings Inc. | New | 0.54% | +0.54 |
| CRH CRH PLC | Add +44.1% | 1.45% | +0.54 |
| DDOG Datadog Inc. Class A | Add +18.9% | 1.28% | +0.53 |
| CRM Salesforce Inc. | Add +13.7% | 2.83% | +0.52 |
| AMRZ Amrize Ltd. | New | 0.52% | +0.52 |
| CRBG Corebridge Financial Inc. | Add +23.6% | 1.59% | +0.51 |
| TPG TPG Inc. | New | 0.47% | +0.47 |
| JCI Johnson Controls Internation | New | 0.46% | +0.46 |
| MSFT Microsoft Corp. | New | 0.44% | +0.44 |
| ETWO E2OPEN Parent Holdings Inc. | New | 0.42% | +0.42 |
| SKX Skechers USA Inc. Class A | New | 0.42% | +0.42 |
| CVLT Commvault Systems Inc. | New | 0.42% | +0.42 |
| EVGO Evgo Inc. | Add +342.2% | 0.48% | +0.41 |
| DNB Dun & Bradstreet Holdings Inc. | Add +59.2% | 0.89% | +0.37 |
| BHF Brighthouse Financial Inc. | Add +48.0% | 1.10% | +0.34 |
| SAIL Sailpoint Inc. | Add +30.7% | 0.82% | +0.34 |
| BGC BGC Group Inc. Class A | Add +28.1% | 0.98% | +0.33 |
| AZEK The Azek Co. Inc. | Add +107.5% | 0.56% | +0.33 |
| PONY Pony AI Inc. | Add +11.9% | 0.75% | +0.33 |
| SMA Smartstop Self Storage REIT | New | 0.32% | +0.32 |
| GGAL Grupo Financiero Galicia-ADR | New | 0.31% | +0.31 |
| ETOR Etoro Group Ltd. Class A | New | 0.28% | +0.28 |
| RTX RTX Corp. | New | 0.28% | +0.28 |
| AS Amer Sports Inc. | Add +13.7% | 0.65% | +0.28 |
| ARES ACQUISITION CORP II | New | 0.27% | +0.27 |
| CRWV Coreweave Inc. Class A | Add +0.9% | 0.33% | +0.26 |
| KRMN Karman Holdings Inc. | Add +5.9% | 0.62% | +0.25 |
| CTRI Centuri Holdings Inc. | New | 0.24% | +0.24 |
| AMAT Applied Materials Inc. | Add +68.7% | 0.41% | +0.23 |
| OS Onestream Inc. | Add +33.8% | 0.47% | +0.22 |
| TTAN Servicetitan Inc. Class A | Add +265.6% | 0.29% | +0.22 |
| ESGR Enstar Group Ltd. | Add +21.4% | 0.93% | +0.21 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +168.8% | 537,500 | $332.1M |
| FSLR First Solar Inc. | call | Add +2.4% | 1,638,200 | $271.2M |
| IWM iShares Russell 2000 ETF | put | Add +320.0% | 1,050,000 | $226.6M |
| QQQ Invesco QQQ Trust Series 1 | call | New | 400,000 | $220.7M |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 2,150,000 | $195.7Mbefore exit |
| XLP SS Consumer Staples Sel Sect | put | New | 1,400,000 | $113.4M |
| XLI SS Industrial Select Sector | put | New | 700,000 | $103.3M |
| EFA iShares MSCI Eafe ETF | put | New | 1,000,000 | $89.4M |
| RUN Sunrun Inc. | call | Add +533.3% | 9,500,000 | $77.7M |
| MSFT Microsoft Corp. | call | New | 150,000 | $74.6M |
| XLE SS Energy Select Sector | put | Sold out | 750,000 | $70.1Mbefore exit |
| IWM iShares Russell 2000 ETF | call | New | 300,000 | $64.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 100,000 | $61.8M |
| FXI iShares China Large-Cap ETF | call | New | 1,500,000 | $55.1M |
| FXI iShares China Large-Cap ETF | put | Sold out | 1,500,000 | $53.8Mbefore exit |
| GE General Electric | put | New | 200,000 | $51.5M |
| NVDA Nvidia Corp. | put | New | 300,000 | $47.4M |
| AAPL Apple Inc. | call | New | 200,000 | $41.0M |
| LOW Lowe's Cos Inc. | put | New | 175,000 | $38.8M |
| UBER Uber Technologies Inc. | put | New | 400,000 | $37.3M |
| ASHR Xtrackers Harvest Csi 300 CH | put | Sold out | 1,400,000 | $37.2Mbefore exit |
| NET Cloudflare Inc. Class A | call | Sold out | 300,000 | $33.8Mbefore exit |
| XOP SS SPDR S&P Og Exp & Prod | put | Sold out | 250,000 | $32.9Mbefore exit |
| TAN Invesco Solar ETF | put | Sold out | 1,000,000 | $30.5Mbefore exit |
| CRM Salesforce Inc. | call | Sold out | 100,000 | $26.8Mbefore exit |
| CFLT Confluent Inc. Class A | call | Add +81.8% | 1,000,000 | $24.9M |
| GM General Motors Co. | put | New | 500,000 | $24.6M |
| MCHP Microchip Technology Inc. | call | Sold out | 500,000 | $24.2Mbefore exit |
| NVDA Nvidia Corp. | call | New | 150,000 | $23.7M |
| F Ford Motor Co. | put | New | 2,000,000 | $21.7M |
| AAPL Apple Inc. | put | Reduce -83.3% | 75,000 | $15.4M |
| GM General Motors Co. | call | New | 250,000 | $12.3M |
| GME Gamestop Corp. Class A | call | Add +566.7% | 500,000 | $12.2M |
| SHLS Shoals Technologies Group -A | call | New | 2,500,000 | $10.6M |
| RPD RAPID7 Inc. | call | Add +90.1% | 384,700 | $8.9M |
| AKAM Akamai Technologies Inc. | call | Sold out | 104,400 | $8.4Mbefore exit |
| RUN Sunrun Inc. | put | New | 1,000,000 | $8.2M |
| WOLF Wolfspeed Inc. | call | New | 543,500 | $217K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +10.0% | 142,500,000 | $215.9M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 200,000,000 | $179.4M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +175.0% | 165,000,000 | $163.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -6.9% | 148,436,000 | $151.3M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Reduce -5.7% | 123,750,000 | $122.6M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -7.5% | 92,500,000 | $93.8M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +35.7% | 95,000,000 | $88.8M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Add +43.3% | 86,000,000 | $88.6M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 77,000,000 | $84.6M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | New | 62,500,000 | $74.1M |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | New | 47,500,000 | $45.6M |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | Reduce -45.5% | 43,136,000 | $42.8M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Reduce -60.1% | 37,500,000 | $42.7M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 37,500,000 | $39.1M |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | Add +47.6% | 51,580,000 | $36.7M |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Sold out | 35,000,000 | $36.0Mbefore exit |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Reduce -51.7% | 35,000,000 | $31.5M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | New | 28,000,000 | $29.8M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Sold out | 30,500,000 | $28.2Mbefore exit |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 25,000,000 | $24.1M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 19,300,000 | $18.9Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Reduce -47.1% | 11,250,000 | $13.2M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Sold out | 10,000,000 | $9.7Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Reduce -48.0% | 38,000,000 | $9.5M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Reduce -73.0% | 20,000,000 | $5.0M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | New | 5,500,000 | $4.9M |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Reduce -50.0% | 15,000,000 | $3.8M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 230 | $5.7B | AMZN, TSM, GOOGL, NVDA, EA |
| Q1 2026 | 223 | $5.4B | AMZN, EA, NVDA, TSM, GOOGL |
| Q4 2025 | 202 | $5.6B | AMZN, GOOGL, CRM, TKO, MSFT |
| Q3 2025 | 147 | $4.4B | AMZN, SW, GOOGL, RSP, TKO |
| Q2 2025 | 141 | $3.8B | SW, GFL, LBRDK, FLUT, IBKR |
| Q1 2025 | 162 | $4.0B | SW, AZN, SPY, GFL, AER |
| Q4 2024 | 146 | $4.0B | SW, GOOGL, AZN, IWM, GFL |
| Q3 2024 | 138 | $3.5B | SW, AZN, AER, BABA, XLF |
| Q2 2024 | 136 | $3.2B | SPY, AZN, WRK, GOOGL, AER |
| Q1 2024 | 135 | $2.6B | GOOGL, AER, AEL, NVO, CERE |