Soros Fund Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), George Soros's Soros Fund Management reported 147 stock positions worth $4.4 billion. Its top holding was Amazon.com (AMZN) at 11.1% of the portfolio, followed by Smurfit Westrock (SW, 7.5%) and Alphabet Class A (GOOGL, 3.6%). Compared with Q2 2025, it opened 66 new positions, sold out of 60, added to 37 and reduced 35. The biggest buy was Amazon.com (AMZN, shares +481%) and the biggest sale an exit from Liberty Broadband-C (LBRDK).
- Most Recent 13F
- Q2 2026
- Notable People
- George Soros
- Location
- NEW YORK, NY
- CIK
- 0001029160
- Portfolio Value
- $4.4B (Q3 2025)
- SEC Filing
- 0000902664-25-005044 ↗ filed Nov 14, 2025
Holdings Value
Holdings 147 stocks · $4.4B
| AMZN Amazon.com Inc. | 11.14% | 2,226,187 | $488.8M | Add +481.5% |
| SW Smurfit Westrock PLC | 7.51% | 7,747,090 | $329.8M | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 3.65% | 658,367 | $160.0M | Add +2341.1% |
| RSP Invesco S&P 500 Equal Weight | 3.59% | 829,615 | $157.4M | New |
| TKO Tko Group Holdings Inc. | 2.85% | 620,007 | $125.2M | Add +84.8% |
| FLUT Flutter Entertainment PLC-Di | 2.84% | 490,391 | $124.6M | Add +0.1% |
| CRM Salesforce Inc. | 2.50% | 463,756 | $109.9M | Add +19.0% |
| IBKR Interactive Brokers Gro Class A | 2.48% | 1,584,057 | $109.0M | Reduce -29.1% |
| NVDA Nvidia Corp. | 2.33% | 547,703 | $102.2M | Add +1.4% |
| AAPL Apple Inc. | 2.03% | 349,736 | $89.1M | Add +1555.1% |
| ARMK Aramark | 1.99% | 2,270,287 | $87.2M | Add +46.5% |
| FIGR Figure Technology Solut Class A | 1.85% | 2,233,482 | $81.2M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.71% | 655,705 | $75.1M | New |
| RUN Sunrun Inc. | 1.66% | 4,221,949 | $73.0M | New |
| KDK Kodiak AI Inc. | 1.55% | 9,967,978 | $68.2M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.48% | 97,778 | $65.1M | Add +104.7% |
| CRBG Corebridge Financial Inc. | 1.46% | 2,005,869 | $64.3M | Add +19.0% |
| DDOG Datadog Inc. Class A | 1.39% | 428,671 | $61.0M | Add +20.2% |
| SNOW Snowflake Inc. | 1.33% | 258,133 | $58.2M | Reduce -5.6% |
| CMS CMS Energy Corp. | 1.30% | 776,227 | $56.9M | New |
| IDA Idacorp Inc. | 1.22% | 403,943 | $53.4M | Reduce -0.6% |
| SGI Somnigroup International Inc. | 1.20% | 625,391 | $52.7M | Reduce -1.5% |
| MSFT Microsoft Corp. | 1.20% | 101,743 | $52.7M | Add +204.5% |
| PONY Pony AI Inc. | 1.07% | 2,078,999 | $46.8M | Reduce -2.3% |
| IEF iShares 7-10 Year Treasury B | 1.04% | 472,599 | $45.6M | Reduce -5.5% |
| BGC BGC Group Inc. Class A | 0.95% | 4,395,695 | $41.6M | Add +22.0% |
| GFL GFL Environmental Inc.-Sub VT | 0.94% | 875,000 | $41.5M | Reduce -69.3% |
| CVLT Commvault Systems Inc. | 0.94% | 217,657 | $41.1M | Add +141.8% |
| IPG Interpublic Group of Cos Inc. | 0.92% | 1,451,103 | $40.5M | Add +25.2% |
| MRUS Merus NV | 0.87% | 405,000 | $38.1M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.87% | 136,092 | $38.0M | Add +8.5% |
| BHF Brighthouse Financial Inc. | 0.78% | 648,116 | $34.4M | Reduce -15.3% |
| ULS Ul Solutions Inc. Class A | 0.77% | 479,860 | $34.0M | Reduce -36.6% |
| CYBR Cyberark Software Ltd./Israel | 0.75% | 67,708 | $32.7M | Add +32.9% |
| INDV Indivior Ltd. | 0.74% | 1,353,865 | $32.6M | New |
| ETR Entergy Corp. | 0.72% | 337,590 | $31.5M | Reduce -68.7% |
| DD Dupont DE Nemours Inc. | 0.71% | 400,000 | $31.2M | New |
| COOP Mr Cooper Group Inc. | 0.70% | 146,456 | $30.9M | Add +635.1% |
| VRNA Verona Pharma Ltd. | 0.69% | 285,185 | $30.4M | New |
| AMRZ Amrize Ltd. | 0.66% | 600,000 | $29.1M | Add +53.9% |
| ALLY Ally Financial Inc. | 0.66% | 737,700 | $28.9M | Add +81.6% |
| DASH DoorDash Inc. Class A | 0.65% | 105,346 | $28.7M | Add +74.8% |
| SAIL Sailpoint Inc. | 0.65% | 1,296,448 | $28.6M | Reduce -4.1% |
| CRCL Circle Internet Group Inc. | 0.61% | 202,465 | $26.8M | Reduce -33.6% |
| KRMN Karman Holdings Inc. | 0.60% | 364,280 | $26.3M | Reduce -21.5% |
| SPNS Sapiens International Corp. | 0.59% | 603,291 | $25.9M | New |
| MUB iShares National Muni Bond E | 0.59% | 241,400 | $25.7M | No change |
| UBER Uber Technologies Inc. | 0.56% | 253,119 | $24.8M | Reduce -53.0% |
| ACN Accenture PLC Class A | 0.56% | 100,259 | $24.7M | Add +33.2% |
| KKR KKR & Co. Inc. | 0.55% | 186,607 | $24.2M | Reduce -45.6% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.55% | 354,686 | $23.9M | No change |
| EA Electronic Arts Inc. | 0.51% | 110,000 | $22.2M | New |
| VMEO Vimeo Inc. | 0.50% | 2,854,340 | $22.1M | New |
| AAMI Acadian Asset Management Inc. | 0.50% | 457,128 | $22.0M | Add +10.0% |
| SCS Steelcase Inc. Class A | 0.50% | 1,266,380 | $21.8M | New |
| CRH CRH PLC | 0.49% | 178,962 | $21.5M | Reduce -69.9% |
| HON Honeywell International Inc. | 0.48% | 100,000 | $21.1M | New |
| GL Globe Life Inc. | 0.47% | 145,500 | $20.8M | Add +16.9% |
| IAS Integral Ad Science Holding | 0.46% | 1,990,000 | $20.2M | New |
| EVGO Evgo Inc. | 0.43% | 4,000,000 | $18.9M | Reduce -19.6% |
| ONB Old National Bancorp | 0.43% | 855,685 | $18.8M | No change |
| SARO Standardaero Inc. | 0.43% | 686,008 | $18.7M | Reduce -74.4% |
| CTRE Caretrust REIT Inc. | 0.42% | 525,656 | $18.2M | New |
| SRE Sempra | 0.39% | 190,137 | $17.1M | New |
| KEY Keycorp | 0.37% | 880,100 | $16.4M | Add +14.1% |
| UNH Unitedhealth Group Inc. | 0.37% | 47,430 | $16.4M | Reduce -52.6% |
| TPG TPG Inc. | 0.36% | 276,460 | $15.9M | Reduce -17.7% |
| AS Amer Sports Inc. | 0.36% | 456,620 | $15.9M | Reduce -27.0% |
| SRAD Sportradar Group AG-A | 0.36% | 585,620 | $15.8M | Reduce -42.4% |
| HUM Humana Inc. | 0.36% | 59,944 | $15.6M | New |
| GTLS Chart Industries Inc. | 0.35% | 77,294 | $15.5M | New |
| ALL Allstate Corp. | 0.34% | 70,070 | $15.0M | Reduce -1.1% |
| STUB Stubhub Holdings Inc. Class A | 0.34% | 874,415 | $14.7M | New |
| ZBRA Zebra Technologies Corp. Class A | 0.33% | 48,113 | $14.3M | New |
| ADI Analog Devices Inc. | 0.32% | 56,400 | $13.9M | Add +22.1% |
| RDNT Radnet Inc. | 0.31% | 178,481 | $13.6M | New |
| BKNG Booking Holdings Inc. | 0.31% | 2,500 | $13.5M | No change |
| CTLP Cantaloupe Inc. | 0.30% | 1,244,720 | $13.2M | New |
| BLSH Bullish | 0.30% | 205,260 | $13.1M | New |
| WAY Waystar Holding Corp. | 0.29% | 337,554 | $12.8M | Add +1.3% |
| SMH Vaneck Semiconductor ETF | 0.28% | 37,500 | $12.2M | New |
| FSLR First Solar Inc. | 0.27% | 53,768 | $11.9M | Reduce -67.6% |
| AMAT Applied Materials Inc. | 0.26% | 55,464 | $11.4M | Reduce -33.6% |
| SYF Synchrony Financial | 0.26% | 158,608 | $11.3M | Add +38.0% |
| TEAM Atlassian Corp. Class A | 0.26% | 70,411 | $11.2M | Add +155.3% |
| MDB Mongodb Inc. | 0.25% | 35,518 | $11.0M | New |
| PHLT Performant Healthcare Inc. | 0.24% | 1,384,600 | $10.7M | New |
| ADT Adt Inc. | 0.24% | 1,222,222 | $10.6M | Add +8.3% |
| NIQ Niq Global Intelligence PLC | 0.23% | 652,260 | $10.2M | New |
| TGNA Tegna Inc. | 0.22% | 474,500 | $9.6M | New |
| GLXY Galaxy Digital Inc. Class A | 0.21% | 273,800 | $9.3M | Reduce -11.9% |
| BRCB Black Rock Coffee Bar Inc. Class A | 0.21% | 385,960 | $9.2M | New |
| SFD Smithfield Foods Inc. | 0.20% | 368,940 | $8.7M | New |
| CME Cme Group Inc. | 0.18% | 30,028 | $8.1M | No change |
| HBI Hanesbrands Inc. | 0.18% | 1,175,096 | $7.7M | New |
| GS Goldman Sachs Group Inc. | 0.17% | 9,561 | $7.6M | Reduce -54.4% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.16% | 113,278 | $7.2M | New |
| ETOR Etoro Group Ltd. Class A | 0.16% | 165,264 | $6.8M | Add +3.3% |
| FCNCA First Citizens Bcshs Class A | 0.15% | 3,724 | $6.7M | Reduce -43.2% |
| LAZ Lazard Inc. | 0.15% | 124,750 | $6.6M | Reduce -22.4% |
| TTWO Take-Two Interactive Softwre | 0.15% | 25,478 | $6.6M | New |
| RAL Ralliant Corp. | 0.15% | 149,089 | $6.5M | New |
| RDN Radian Group Inc. | 0.15% | 178,767 | $6.5M | New |
| FIG Figma Inc. Class A | 0.14% | 122,650 | $6.4M | New |
| SFNC Simmons First Natl Corp. Class A | 0.14% | 324,550 | $6.2M | New |
| VVX V2X Inc. | 0.14% | 106,900 | $6.2M | New |
| EXC Exelon Corp. | 0.14% | 135,000 | $6.1M | New |
| OS Onestream Inc. | 0.14% | 322,600 | $5.9M | Reduce -48.5% |
| KLAR Klarna Group PLC | 0.13% | 155,678 | $5.7M | New |
| INTU Intuit Inc. | 0.13% | 8,191 | $5.6M | New |
| SHLS Shoals Technologies Group -A | 0.13% | 750,000 | $5.6M | Add +22.9% |
| CUBI Customers Bancorp Inc. | 0.12% | 78,560 | $5.1M | New |
| EWC iShares MSCI Canada ETF | 0.11% | 97,700 | $4.9M | No change |
| NTSK Netskope Inc. Class A | 0.11% | 215,222 | $4.9M | New |
| CAMT Camtek Ltd. | 0.11% | 44,600 | $4.7M | New |
| MIAX Miami International Holdings | 0.10% | 104,260 | $4.2M | New |
| LGN Legence Corp. Class A | 0.09% | 133,650 | $4.1M | New |
| HNGE Hinge Health Inc. Class A | 0.09% | 78,560 | $3.9M | Add +4.8% |
| AIRO Airo Group Holdings Inc. | 0.09% | 198,274 | $3.8M | New |
| ENPH Enphase Energy Inc. | 0.08% | 100,000 | $3.5M | New |
| ARX Accelerant Holdings Class A | 0.08% | 225,000 | $3.4M | New |
| HG Hamilton Insurance Grou Class B | 0.07% | 120,000 | $3.0M | No change |
| CIFR Cipher Digital Inc. | 0.06% | 207,635 | $2.6M | Reduce -84.0% |
| RPD RAPID7 Inc. | 0.06% | 134,845 | $2.5M | Reduce -46.9% |
| MNTN MNTN Inc. Class A | 0.05% | 128,560 | $2.4M | Add +28.6% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.05% | 20,000 | $2.2M | No change |
| HTFL Heartflow Inc. | 0.05% | 65,896 | $2.2M | New |
| HOUS Anywhere Real Estate Inc. | 0.05% | 199,612 | $2.1M | New |
| LION Lionsgate Studios Corp. | 0.05% | 300,000 | $2.1M | New |
| U Unity Software Inc. | 0.05% | 50,000 | $2.0M | New |
| ALNY Alnylam Pharmaceuticals Inc. | 0.04% | 4,295 | $2.0M | New |
| OSCR Oscar Health Inc. Class A | 0.04% | 92,100 | $1.7M | New |
| CAI Caris Life Sciences Inc. | 0.04% | 55,650 | $1.7M | Add +11.3% |
| MH McGraw Hill Inc. | 0.04% | 125,000 | $1.6M | New |
| VIA Via Transportation Inc. Class A | 0.03% | 30,000 | $1.4M | New |
| WOLF Wolfspeed Inc. | 0.03% | 48,998 | $1.4M | New |
| HGTY Hagerty Inc. Class A | 0.03% | 102,611 | $1.2M | New |
| TGT Target Corp. | 0.02% | 11,732 | $1.1M | New |
| SPSB SS SPDR P St C Corp. ETF | 0.02% | 31,925 | $967K | No change |
| CHYM Chime Financial Inc. Class A | 0.02% | 47,562 | $959K | Add +18.9% |
| MMYT Makemytrip Ltd. | 0.02% | 9,600 | $899K | New |
| BRO Brown & Brown Inc. | 0.02% | 8,500 | $797K | Reduce -99.2% |
| PTRN Pattern Group Inc. Class A | 0.02% | 50,000 | $685K | New |
| PBPB Potbelly Corp. | 0.01% | 23,400 | $399K | New |
| JCI Johnson Controls Internation | 0.01% | 2,507 | $276K | Reduce -98.5% |
| FICO Fair Isaac Corp. | 0.01% | 167 | $250K | Reduce -69.1% |
| COMP Compass Inc. Class A | 0.00% | 21,669 | $174K | New |
Options reported separately and not counted above: FXI calls ($132.7M), SPY puts ($125.9M), SMH puts ($101.2M), KWEB calls ($100.8M), TLT calls ($89.4M), RUN calls ($38.9M), CFLT calls ($36.9M), AMZN calls ($32.9M), FSLR calls ($22.1M), WBD calls ($9.8M), WOLF puts ($7.1M).
Other holdings (26): bonds, preferreds, convertibles and warrants · $1.9B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 184,800,000 | $253.1M | Add +29.7% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 234,156,000 | $214.6M | Add +17.1% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 157,000,000 | $159.0M | Reduce -4.8% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 148,436,000 | $154.2M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 135,788,000 | $137.7M | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 123,750,000 | $122.4M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 100,000,000 | $111.1M | Reduce -26.7% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 92,500,000 | $95.6M | No change |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 84,500,000 | $94.0M | Add +9.7% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 95,000,000 | $89.6M | No change |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 77,754,000 | $76.6M | Reduce -17.9% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 72,250,000 | $68.0M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 60,000,000 | $64.5M | Add +60.0% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 47,500,000 | $51.2M | Reduce -44.8% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 37,675,000 | $38.8M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 32,500,000 | $34.0M | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 25,000,000 | $31.1M | Reduce -60.0% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 29,348,000 | $27.7M | Reduce -82.4% |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 18,080,000 | $24.4M | Reduce -65.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 23,000,000 | $22.0M | New |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 20,000,000 | $20.2M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 11,250,000 | $19.0M | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 10,500,000 | $10.2M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 10,000,000 | $8.9M | No change |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 4,000,000 | $5.1M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 1,000,000 | $978K | No change |
Total filed on the 13F, all lines: $6.3B.
Portfolio Sells Q2 2025 → Q3 2025
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −3.78 |
| BRO Brown & Brown Inc. | Reduce -99.2% | 0.02% | −2.94 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -69.3% | 0.94% | −2.89 |
| AER Aercap Holdings NV | Sold out | 0.00% | −2.55 |
| SARO Standardaero Inc. | Reduce -74.4% | 0.43% | −1.84 |
| ETR Entergy Corp. | Reduce -68.7% | 0.72% | −1.67 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −1.06 |
| CRH CRH PLC | Reduce -69.9% | 0.49% | −0.97 |
| ESGR Enstar Group Ltd. | Sold out | 0.00% | −0.93 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.89 |
| CRCL Circle Internet Group Inc. | Reduce -33.6% | 0.61% | −0.86 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.85 |
| ATI Ati Inc. | Sold out | 0.00% | −0.83 |
| IBKR Interactive Brokers Gro Class A | Reduce -29.1% | 2.48% | −0.82 |
| UBER Uber Technologies Inc. | Reduce -53.0% | 0.56% | −0.77 |
| ULS Ul Solutions Inc. Class A | Reduce -36.6% | 0.77% | −0.69 |
| KKR KKR & Co. Inc. | Reduce -45.6% | 0.55% | −0.66 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.64 |
| SNDK Sandisk Corp. | Sold out | 0.00% | −0.64 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −0.63 |
| PRMB Primo Brands Corp. | Sold out | 0.00% | −0.60 |
| K Kellanova | Sold out | 0.00% | −0.59 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.57 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.56 |
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −0.54 |
| WWD Woodward Inc. | Sold out | 0.00% | −0.54 |
| IEX Idex Corp. | Sold out | 0.00% | −0.52 |
| CSX CSX Corp. | Sold out | 0.00% | −0.52 |
| FSLR First Solar Inc. | Reduce -67.6% | 0.27% | −0.46 |
| UNH Unitedhealth Group Inc. | Reduce -52.6% | 0.37% | −0.46 |
| JCI Johnson Controls Internation | Reduce -98.5% | 0.01% | −0.46 |
| ETWO E2OPEN Parent Holdings Inc. | Sold out | 0.00% | −0.42 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.42 |
| SRAD Sportradar Group AG-A | Reduce -42.4% | 0.36% | −0.40 |
| LOAR Loar Holdings Inc. | Sold out | 0.00% | −0.40 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.37 |
| OC Owens Corning | Sold out | 0.00% | −0.36 |
| OS Onestream Inc. | Reduce -48.5% | 0.14% | −0.34 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.33 |
| SMA Smartstop Self Storage REIT | Sold out | 0.00% | −0.32 |
| TGI Triumph Group Inc. | Sold out | 0.00% | −0.32 |
| BHF Brighthouse Financial Inc. | Reduce -15.3% | 0.78% | −0.31 |
| GGAL Grupo Financiero Galicia-ADR | Sold out | 0.00% | −0.31 |
| SNOW Snowflake Inc. | Reduce -5.6% | 1.33% | −0.30 |
| TTAN Servicetitan Inc. Class A | Sold out | 0.00% | −0.29 |
| AS Amer Sports Inc. | Reduce -27.0% | 0.36% | −0.29 |
| RTX RTX Corp. | Sold out | 0.00% | −0.28 |
| ARES ACQUISITION CORP II | Sold out | 0.00% | −0.27 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.27 |
| CTRI Centuri Holdings Inc. | Sold out | 0.00% | −0.24 |
Portfolio Buys Q2 2025 → Q3 2025
| AMZN Amazon.com Inc. | Add +481.5% | 11.14% | +8.90 |
| RSP Invesco S&P 500 Equal Weight | New | 3.59% | +3.59 |
| GOOGL Alphabet Inc. Class A | Add +2341.1% | 3.65% | +3.52 |
| AAPL Apple Inc. | Add +1555.1% | 2.03% | +1.91 |
| FIGR Figure Technology Solut Class A | New | 1.85% | +1.85 |
| DIS The Walt Disney Co. | New | 1.71% | +1.71 |
| RUN Sunrun Inc. | New | 1.66% | +1.66 |
| KDK Kodiak AI Inc. | New | 1.55% | +1.55 |
| CMS CMS Energy Corp. | New | 1.30% | +1.30 |
| TKO Tko Group Holdings Inc. | Add +84.8% | 2.85% | +1.23 |
| MRUS Merus NV | New | 0.87% | +0.87 |
| MSFT Microsoft Corp. | Add +204.5% | 1.20% | +0.76 |
| INDV Indivior Ltd. | New | 0.74% | +0.74 |
| DD Dupont DE Nemours Inc. | New | 0.71% | +0.71 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +104.7% | 1.48% | +0.70 |
| VRNA Verona Pharma Ltd. | New | 0.69% | +0.69 |
| COOP Mr Cooper Group Inc. | Add +635.1% | 0.70% | +0.62 |
| SPNS Sapiens International Corp. | New | 0.59% | +0.59 |
| CVLT Commvault Systems Inc. | Add +141.8% | 0.94% | +0.52 |
| EA Electronic Arts Inc. | New | 0.51% | +0.51 |
| VMEO Vimeo Inc. | New | 0.50% | +0.50 |
| SCS Steelcase Inc. Class A | New | 0.50% | +0.50 |
| HON Honeywell International Inc. | New | 0.48% | +0.48 |
| IAS Integral Ad Science Holding | New | 0.46% | +0.46 |
| CTRE Caretrust REIT Inc. | New | 0.42% | +0.42 |
| SRE Sempra | New | 0.39% | +0.39 |
| HUM Humana Inc. | New | 0.36% | +0.36 |
| GTLS Chart Industries Inc. | New | 0.35% | +0.35 |
| STUB Stubhub Holdings Inc. Class A | New | 0.34% | +0.34 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.33% | +0.33 |
| RDNT Radnet Inc. | New | 0.31% | +0.31 |
| CTLP Cantaloupe Inc. | New | 0.30% | +0.30 |
| BLSH Bullish | New | 0.30% | +0.30 |
| SMH Vaneck Semiconductor ETF | New | 0.28% | +0.28 |
| DASH DoorDash Inc. Class A | Add +74.8% | 0.65% | +0.26 |
| ARMK Aramark | Add +46.5% | 1.99% | +0.26 |
| MDB Mongodb Inc. | New | 0.25% | +0.25 |
| PHLT Performant Healthcare Inc. | New | 0.24% | +0.24 |
| ALLY Ally Financial Inc. | Add +81.6% | 0.66% | +0.24 |
| NIQ Niq Global Intelligence PLC | New | 0.23% | +0.23 |
| TGNA Tegna Inc. | New | 0.22% | +0.22 |
| BRCB Black Rock Coffee Bar Inc. Class A | New | 0.21% | +0.21 |
| SFD Smithfield Foods Inc. | New | 0.20% | +0.20 |
| CYBR Cyberark Software Ltd./Israel | Add +32.9% | 0.75% | +0.19 |
| HBI Hanesbrands Inc. | New | 0.18% | +0.18 |
| IPG Interpublic Group of Cos Inc. | Add +25.2% | 0.92% | +0.17 |
| AL Sumisho Air Lease Corp. | New | 0.16% | +0.16 |
| TTWO Take-Two Interactive Softwre | New | 0.15% | +0.15 |
| RAL Ralliant Corp. | New | 0.15% | +0.15 |
| AMRZ Amrize Ltd. | Add +53.9% | 0.66% | +0.15 |
Options Activity Q2 2025 → Q3 2025
| IWM iShares Russell 2000 ETF | put | Sold out | 1,050,000 | $226.6Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 400,000 | $220.7Mbefore exit |
| FXI iShares China Large-Cap ETF | call | Add +115.0% | 3,225,000 | $132.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -64.8% | 189,000 | $125.9M |
| XLP SS Consumer Staples Sel Sect | put | Sold out | 1,400,000 | $113.4Mbefore exit |
| XLI SS Industrial Select Sector | put | Sold out | 700,000 | $103.3Mbefore exit |
| SMH Vaneck Semiconductor ETF | put | New | 310,000 | $101.2M |
| KWEB Kranesh Csi China Internet | call | New | 2,400,000 | $100.8M |
| EFA iShares MSCI Eafe ETF | put | Sold out | 1,000,000 | $89.4Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | New | 1,000,000 | $89.4M |
| MSFT Microsoft Corp. | call | Sold out | 150,000 | $74.6Mbefore exit |
| IWM iShares Russell 2000 ETF | call | Sold out | 300,000 | $64.7Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 100,000 | $61.8Mbefore exit |
| GE General Electric | put | Sold out | 200,000 | $51.5Mbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 300,000 | $47.4Mbefore exit |
| AAPL Apple Inc. | call | Sold out | 200,000 | $41.0Mbefore exit |
| ALLY Ally Financial Inc. | put | Sold out | 1,000,000 | $39.0Mbefore exit |
| RUN Sunrun Inc. | call | Reduce -76.3% | 2,250,000 | $38.9M |
| LOW Lowe's Cos Inc. | put | Sold out | 175,000 | $38.8Mbefore exit |
| UBER Uber Technologies Inc. | put | Sold out | 400,000 | $37.3Mbefore exit |
| CFLT Confluent Inc. Class A | call | Add +86.3% | 1,863,300 | $36.9M |
| AMZN Amazon.com Inc. | call | New | 150,000 | $32.9M |
| UNH Unitedhealth Group Inc. | put | Sold out | 100,000 | $31.2Mbefore exit |
| GM General Motors Co. | put | Sold out | 500,000 | $24.6Mbefore exit |
| NVDA Nvidia Corp. | call | Sold out | 150,000 | $23.7Mbefore exit |
| FSLR First Solar Inc. | call | Reduce -93.9% | 100,000 | $22.1M |
| F Ford Motor Co. | put | Sold out | 2,000,000 | $21.7Mbefore exit |
| AAPL Apple Inc. | put | Sold out | 75,000 | $15.4Mbefore exit |
| GM General Motors Co. | call | Sold out | 250,000 | $12.3Mbefore exit |
| GME Gamestop Corp. Class A | call | Sold out | 500,000 | $12.2Mbefore exit |
| SHLS Shoals Technologies Group -A | call | Sold out | 2,500,000 | $10.6Mbefore exit |
| WBD Warner Bros Discovery Inc. | call | New | 500,000 | $9.8M |
| RPD RAPID7 Inc. | call | Sold out | 384,700 | $8.9Mbefore exit |
| RUN Sunrun Inc. | put | Sold out | 1,000,000 | $8.2Mbefore exit |
| WOLF Wolfspeed Inc. | put | New | 5,869,000 | $7.1M |
| WOLF Wolfspeed Inc. | call | Sold out | 543,500 | $217Kbefore 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 2025 → Q3 2025
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +29.7% | 184,800,000 | $253.1M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +17.1% | 234,156,000 | $214.6M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -4.8% | 157,000,000 | $159.0M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | New | 135,788,000 | $137.7M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -26.7% | 100,000,000 | $111.1M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Add +9.7% | 84,500,000 | $94.0M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Reduce -17.9% | 77,754,000 | $76.6M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +60.0% | 60,000,000 | $64.5M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -44.8% | 47,500,000 | $51.2M |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | Sold out | 47,500,000 | $45.6Mbefore exit |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | Sold out | 43,136,000 | $42.8Mbefore exit |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Sold out | 37,500,000 | $42.7Mbefore exit |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | New | 37,675,000 | $38.8M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | New | 32,500,000 | $34.0M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Sold out | 35,000,000 | $31.5Mbefore exit |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Reduce -60.0% | 25,000,000 | $31.1M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | Sold out | 28,000,000 | $29.8Mbefore exit |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -82.4% | 29,348,000 | $27.7M |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | Reduce -65.0% | 18,080,000 | $24.4M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 25,000,000 | $24.1Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 23,000,000 | $22.0M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | New | 20,000,000 | $20.2M |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Sold out | 38,000,000 | $9.5Mbefore exit |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | New | 4,000,000 | $5.1M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 20,000,000 | $5.0Mbefore exit |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Sold out | 5,500,000 | $4.9Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 15,000,000 | $3.8Mbefore exit |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Sold out | 1,500,000 | $1.4Mbefore exit |
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 |