Soros Fund Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), George Soros's Soros Fund Management reported 223 stock positions worth $5.4 billion. Its top holding was Amazon.com (AMZN) at 7.5% of the portfolio, followed by Electronic Arts (EA, 3.6%) and Nvidia (NVDA, 3.5%). Compared with Q4 2025, it opened 103 new positions, sold out of 82, added to 44 and reduced 62. The biggest buy was a new position in Linde (LIN) and the biggest sale Amazon.com (AMZN, shares −18%).
- Most Recent 13F
- Q2 2026
- Notable People
- George Soros
- Location
- NEW YORK, NY
- CIK
- 0001029160
- Portfolio Value
- $5.4B (Q1 2026)
- SEC Filing
- 0000902664-26-002529 ↗ filed May 15, 2026
Holdings Value
Holdings 223 stocks · $5.4B
| AMZN Amazon.com Inc. | 7.48% | 1,945,789 | $405.2M | Reduce -17.5% |
| EA Electronic Arts Inc. | 3.63% | 965,793 | $196.9M | Add +125.4% |
| NVDA Nvidia Corp. | 3.45% | 1,073,206 | $187.2M | Add +61.2% |
| TSM Taiwan Semiconductor-SP ADR | 3.26% | 522,318 | $176.5M | Add +49.3% |
| GOOGL Alphabet Inc. Class A | 3.05% | 573,929 | $165.0M | Reduce -10.2% |
| LIN Linde PLC | 2.38% | 259,926 | $128.9M | New |
| AAPL Apple Inc. | 2.34% | 500,534 | $127.0M | Add +20.3% |
| TKO Tko Group Holdings Inc. | 2.25% | 604,242 | $121.8M | Reduce -4.9% |
| SEE Sealed Air Corp. | 2.14% | 2,751,799 | $115.7M | Add +428.2% |
| SW Smurfit Westrock PLC | 1.85% | 2,520,236 | $100.4M | Add +4.9% |
| GTLS Chart Industries Inc. | 1.79% | 470,095 | $97.2M | Add +64.6% |
| FOLD Amicus Therapeutics Inc. | 1.54% | 5,753,186 | $83.2M | Add +15.1% |
| IDA Idacorp Inc. | 1.52% | 577,290 | $82.5M | Reduce -1.3% |
| HON Honeywell International Inc. | 1.49% | 358,052 | $80.9M | Add +403.9% |
| CMS CMS Energy Corp. | 1.48% | 1,034,397 | $80.2M | Reduce -6.5% |
| MSFT Microsoft Corp. | 1.45% | 211,966 | $78.5M | Reduce -19.4% |
| HOLX Hologic Inc. | 1.41% | 1,013,552 | $76.6M | Add +15.7% |
| HTO H2O America | 1.33% | 1,228,747 | $72.1M | New |
| ITRI Itron Inc. | 1.29% | 777,335 | $69.7M | Add +107.2% |
| CWAN Clearwater Analytics HDS-A | 1.28% | 2,941,405 | $69.6M | Add +2.2% |
| KDK Kodiak AI Inc. | 1.25% | 9,767,037 | $67.8M | Reduce -2.0% |
| CRM Salesforce Inc. | 1.24% | 361,291 | $67.4M | Reduce -30.4% |
| PEN Penumbra Inc. | 1.23% | 203,434 | $66.8M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 1.18% | 133,277 | $63.9M | New |
| WEC WEC Energy Group Inc. | 1.10% | 512,754 | $59.4M | Add +432.8% |
| MDLN Medline Inc. Class A | 1.06% | 1,286,434 | $57.2M | Reduce -18.6% |
| KVUE Kenvue Inc. | 1.00% | 3,157,266 | $54.4M | Add +153.3% |
| CRBG Corebridge Financial Inc. | 0.94% | 2,133,647 | $50.9M | Add +3.2% |
| BHF Brighthouse Financial Inc. | 0.94% | 846,794 | $50.7M | Add +9.4% |
| WBS Webster Financial Corp. | 0.91% | 711,790 | $49.4M | New |
| TPH Tri Pointe Homes Inc. | 0.90% | 1,041,426 | $48.7M | New |
| AVGO Broadcom Inc. | 0.89% | 155,107 | $48.0M | Add +51.5% |
| OS Onestream Inc. | 0.81% | 1,830,222 | $43.9M | Add +454.6% |
| IBKR Interactive Brokers Gro Class A | 0.80% | 645,344 | $43.3M | Reduce -16.4% |
| APLS Apellis Pharmaceuticals Inc. | 0.78% | 1,056,000 | $42.5M | New |
| BGC BGC Group Inc. Class A | 0.76% | 4,199,713 | $41.1M | Add +99.0% |
| XEL Xcel Energy Inc. | 0.75% | 508,440 | $40.4M | Reduce -30.5% |
| MCD McDonald's Corp. | 0.71% | 123,562 | $38.4M | New |
| VST Vistra Corp. | 0.68% | 244,314 | $36.7M | New |
| TEAM Atlassian Corp. Class A | 0.67% | 535,515 | $36.5M | Add +86.7% |
| WWD Woodward Inc. | 0.66% | 99,830 | $35.7M | Reduce -44.9% |
| SUNB Sunbelt Rentals Holdings Inc. | 0.66% | 546,114 | $35.5M | New |
| AAMI Acadian Asset Management Inc. | 0.65% | 648,807 | $35.3M | Reduce -12.0% |
| JPM JPMorgan Chase & Co. | 0.64% | 118,358 | $34.8M | Add +5366.9% |
| CX Cemex Sab-Spons ADR Part Cer | 0.63% | 2,991,971 | $34.2M | New |
| CRWV Coreweave Inc. Class A | 0.63% | 439,360 | $34.0M | New |
| FIGR Figure Technology Solut Class A | 0.63% | 1,000,000 | $34.0M | Reduce -52.3% |
| ULS Ul Solutions Inc. Class A | 0.62% | 395,000 | $33.9M | Reduce -32.0% |
| DAWN Day One Biopharmaceuticals I | 0.61% | 1,539,100 | $33.0M | New |
| COF Capital One Financial Corp. | 0.61% | 180,105 | $32.9M | New |
| NATL NCR Atleos Corp. | 0.59% | 730,349 | $31.8M | New |
| WBD Warner Bros Discovery Inc. | 0.55% | 1,092,610 | $30.0M | Add +628.4% |
| SEM Select Medical Holdings Corp. | 0.55% | 1,833,473 | $29.9M | New |
| VSEC Vse Corp. | 0.54% | 157,201 | $29.0M | Add +2276.1% |
| VRE Veris Residential Inc. | 0.53% | 1,533,840 | $28.9M | New |
| ALLY Ally Financial Inc. | 0.53% | 725,267 | $28.5M | Reduce -57.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.51% | 354,686 | $27.9M | No change |
| OBDC Blue Owl Capital Corp. | 0.50% | 2,451,136 | $27.1M | New |
| POR Portland General Electric Co. | 0.49% | 506,328 | $26.7M | New |
| ACN Accenture PLC Class A | 0.49% | 134,640 | $26.7M | Add +7.5% |
| MUB iShares National Muni Bond E | 0.47% | 241,400 | $25.6M | No change |
| DASH DoorDash Inc. Class A | 0.47% | 170,160 | $25.5M | Add +20.0% |
| RDNT Radnet Inc. | 0.45% | 438,450 | $24.5M | Reduce -23.7% |
| ACLX Arcellx Inc. | 0.42% | 200,000 | $23.0M | New |
| KKR KKR & Co. Inc. | 0.42% | 244,691 | $22.6M | New |
| UBER Uber Technologies Inc. | 0.42% | 314,209 | $22.6M | Reduce -15.6% |
| THR Thermon Group Holdings Inc. | 0.42% | 448,088 | $22.6M | New |
| WIX Wix.com Ltd. | 0.42% | 250,000 | $22.5M | New |
| GFL GFL Environmental Inc.-Sub VT | 0.41% | 530,184 | $22.1M | Reduce -27.6% |
| AES AES Corp. | 0.40% | 1,557,000 | $21.9M | New |
| MFIC Midcap Financial Investment | 0.40% | 1,944,500 | $21.9M | New |
| ARES Ares Management Corp. Class A | 0.39% | 196,054 | $21.4M | New |
| FWONK Liberty Media Corp. Class C | 0.39% | 246,933 | $21.0M | Add +76.4% |
| BXSL Blackstone Secured Lending F | 0.38% | 867,500 | $20.6M | New |
| LLY Eli Lilly & Co. | 0.38% | 22,199 | $20.4M | Reduce -0.6% |
| BX Blackstone Inc. | 0.37% | 173,489 | $19.9M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.37% | 250,000 | $19.9M | New |
| META Meta Platforms Inc. Class A | 0.37% | 34,607 | $19.8M | New |
| GFS Globalfoundries Inc. | 0.36% | 444,362 | $19.8M | New |
| TSLA Tesla Inc. | 0.36% | 53,093 | $19.7M | Reduce -6.3% |
| PM Philip Morris International | 0.34% | 112,294 | $18.6M | New |
| OWL Blue Owl Capital Inc. | 0.34% | 2,017,636 | $18.4M | Add +70.0% |
| SARO Standardaero Inc. | 0.33% | 700,000 | $18.1M | Add +64.9% |
| MASI Masimo Corp. | 0.33% | 100,838 | $17.9M | New |
| CFG Citizens Financial Group | 0.33% | 298,507 | $17.9M | No change |
| SEMR Semrush Holdings Inc. Class A | 0.33% | 1,482,627 | $17.7M | Add +15.4% |
| UNH Unitedhealth Group Inc. | 0.32% | 64,993 | $17.6M | Add +14.4% |
| ITT Itt Inc. | 0.32% | 89,740 | $17.1M | Reduce -72.8% |
| TERN Terns Pharmaceuticals Inc. | 0.31% | 321,905 | $17.0M | New |
| DD Dupont DE Nemours Inc. | 0.31% | 368,000 | $16.9M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.30% | 25,000 | $16.3M | Reduce -82.3% |
| NOW ServiceNow Inc. | 0.30% | 154,349 | $16.1M | New |
| EHAB Enhabit Inc. | 0.29% | 1,118,674 | $15.8M | New |
| MA Mastercard Inc. Class A | 0.28% | 30,452 | $15.2M | New |
| APO Apollo Global Management Inc. | 0.27% | 131,351 | $14.6M | New |
| TALK Talkspace Inc. | 0.26% | 2,767,040 | $14.3M | New |
| SGI Somnigroup International Inc. | 0.24% | 178,797 | $13.2M | Reduce -18.7% |
| CCO Clear Channel Outdoor Holdin | 0.24% | 5,407,175 | $12.8M | Add +695.2% |
| OTF Blue Owl Technology Finance | 0.23% | 1,005,000 | $12.5M | New |
| PONY Pony AI Inc. | 0.23% | 1,292,309 | $12.2M | Add +4.9% |
Options reported separately and not counted above: SPY puts ($772.9M), XLE puts ($303.1M), CRWV puts ($220.0M), XOP puts ($217.6M), TSM puts ($126.7M), ESTC calls ($38.0M), IRM calls ($31.7M), ITRI calls ($28.5M), WIX puts ($28.1M), SMH puts ($25.0M), PONY calls ($21.1M), HUN calls ($12.2M), and 1 more.
Other holdings (27): bonds, preferreds, convertibles and warrants · $1.9B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 247,500,000 | $218.2M | Add +26.6% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 209,679,000 | $186.6M | Add +132.0% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 175,000,000 | $181.6M | Add +31.1% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 130,399,000 | $158.4M | Reduce -12.7% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 143,436,000 | $153.7M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 150,158,000 | $149.9M | Add +266.2% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 21,378,000 | $114.5M | Add +327.6% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 103,500,000 | $98.2M | Add +11.9% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 101,000,000 | $94.9M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 10,250,000 | $72.3M | No change |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 88,000,000 | $71.1M | New |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 1,200,703 | $60.4M | New |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 68,055,000 | $59.5M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 62,977,000 | $58.2M | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 40,175,000 | $39.5M | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 37,500,000 | $36.7M | Reduce -55.9% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 569,360 | $26.1M | New |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 23,095,000 | $22.6M | Reduce -38.2% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 17,000,000 | $16.9M | New |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | 336,856 | $16.6M | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 10,500,000 | $10.4M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 10,000,000 | $9.1M | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 9,000,000 | $8.9M | New |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 874,277 | $7.6M | Reduce -17.7% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 3,211,000 | $2.9M | New |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 19,069 | $12K | Reduce -42.3% |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 1,102 | $271 | Add +451.0% |
Total filed on the 13F, all lines: $7.3B.
Portfolio Sells Q4 2025 → Q1 2026
| AMZN Amazon.com Inc. | Reduce -17.5% | 7.48% | −2.30 |
| DAY Dayforce Inc. | Sold out | 0.00% | −1.85 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −1.58 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −1.57 |
| NGD New Gold Inc. | Sold out | 0.00% | −1.52 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −1.46 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -82.3% | 0.30% | −1.43 |
| DIS The Walt Disney Co. | Reduce -98.5% | 0.02% | −1.37 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −1.29 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −1.28 |
| CRM Salesforce Inc. | Reduce -30.4% | 1.24% | −1.22 |
| CMA Comerica Inc. | Sold out | 0.00% | −1.17 |
| CDTX Cidara Therapeutics Inc. | Sold out | 0.00% | −1.09 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −1.09 |
| FIGR Figure Technology Solut Class A | Reduce -52.3% | 0.63% | −0.91 |
| JHG Janus Henderson Group PLC | Sold out | 0.00% | −0.85 |
| ALLY Ally Financial Inc. | Reduce -57.0% | 0.53% | −0.85 |
| MSFT Microsoft Corp. | Reduce -19.4% | 1.45% | −0.84 |
| HI Hillenbrand Inc. | Sold out | 0.00% | −0.79 |
| INDV Indivior Ltd. | Sold out | 0.00% | −0.74 |
| RUN Sunrun Inc. | Reduce -99.1% | 0.00% | −0.73 |
| ITT Itt Inc. | Reduce -72.8% | 0.32% | −0.71 |
| DDOG Datadog Inc. Class A | Reduce -73.3% | 0.22% | −0.71 |
| KDK Kodiak AI Inc. | Reduce -2.0% | 1.25% | −0.70 |
| REVG Rev Group Inc. | Sold out | 0.00% | −0.70 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −0.66 |
| GOOGL Alphabet Inc. Class A | Reduce -10.2% | 3.05% | −0.55 |
| CSGS CSG Systems Intl Inc. | Sold out | 0.00% | −0.52 |
| CADE Cadence Bank | Sold out | 0.00% | −0.46 |
| SRE Sempra | Reduce -72.6% | 0.19% | −0.43 |
| DVAX Dynavax Technologies Corp. | Sold out | 0.00% | −0.43 |
| EXC Exelon Corp. | Reduce -83.2% | 0.09% | −0.39 |
| XHB SS SPDR S&P Homebldrs ETF | Sold out | 0.00% | −0.37 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.36 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.36 |
| ONB Old National Bancorp | Sold out | 0.00% | −0.34 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.34 |
| WWD Woodward Inc. | Reduce -44.9% | 0.66% | −0.32 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.31 |
| XLF SS Financial Select Sector | Reduce -96.1% | 0.01% | −0.30 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.29 |
| RDNT Radnet Inc. | Reduce -23.7% | 0.45% | −0.28 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.25 |
| CTLP Cantaloupe Inc. | Sold out | 0.00% | −0.24 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.23 |
| XEL Xcel Energy Inc. | Reduce -30.5% | 0.75% | −0.23 |
| CRH CRH PLC | Reduce -42.5% | 0.22% | −0.22 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.22 |
| SNOW Snowflake Inc. | Reduce -47.0% | 0.13% | −0.22 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.21 |
Portfolio Buys Q4 2025 → Q1 2026
| LIN Linde PLC | New | 2.38% | +2.38 |
| EA Electronic Arts Inc. | Add +125.4% | 3.63% | +2.06 |
| SEE Sealed Air Corp. | Add +428.2% | 2.14% | +1.75 |
| TSM Taiwan Semiconductor-SP ADR | Add +49.3% | 3.26% | +1.35 |
| HTO H2O America | New | 1.33% | +1.33 |
| HON Honeywell International Inc. | Add +403.9% | 1.49% | +1.24 |
| PEN Penumbra Inc. | New | 1.23% | +1.23 |
| NVDA Nvidia Corp. | Add +61.2% | 3.45% | +1.23 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 1.18% | +1.18 |
| WEC WEC Energy Group Inc. | Add +432.8% | 1.10% | +0.91 |
| WBS Webster Financial Corp. | New | 0.91% | +0.91 |
| TPH Tri Pointe Homes Inc. | New | 0.90% | +0.90 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.78% | +0.78 |
| GTLS Chart Industries Inc. | Add +64.6% | 1.79% | +0.74 |
| MCD McDonald's Corp. | New | 0.71% | +0.71 |
| OS Onestream Inc. | Add +454.6% | 0.81% | +0.70 |
| VST Vistra Corp. | New | 0.68% | +0.68 |
| ITRI Itron Inc. | Add +107.2% | 1.29% | +0.66 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.66% | +0.66 |
| CX Cemex Sab-Spons ADR Part Cer | New | 0.63% | +0.63 |
| JPM JPMorgan Chase & Co. | Add +5366.9% | 0.64% | +0.63 |
| CRWV Coreweave Inc. Class A | New | 0.63% | +0.63 |
| KVUE Kenvue Inc. | Add +153.3% | 1.00% | +0.62 |
| DAWN Day One Biopharmaceuticals I | New | 0.61% | +0.61 |
| COF Capital One Financial Corp. | New | 0.61% | +0.61 |
| NATL NCR Atleos Corp. | New | 0.59% | +0.59 |
| SEM Select Medical Holdings Corp. | New | 0.55% | +0.55 |
| VRE Veris Residential Inc. | New | 0.53% | +0.53 |
| VSEC Vse Corp. | Add +2276.1% | 0.54% | +0.51 |
| OBDC Blue Owl Capital Corp. | New | 0.50% | +0.50 |
| POR Portland General Electric Co. | New | 0.49% | +0.49 |
| WBD Warner Bros Discovery Inc. | Add +628.4% | 0.55% | +0.48 |
| ACLX Arcellx Inc. | New | 0.42% | +0.42 |
| BGC BGC Group Inc. Class A | Add +99.0% | 0.76% | +0.42 |
| KKR KKR & Co. Inc. | New | 0.42% | +0.42 |
| THR Thermon Group Holdings Inc. | New | 0.42% | +0.42 |
| WIX Wix.com Ltd. | New | 0.42% | +0.42 |
| AES AES Corp. | New | 0.40% | +0.40 |
| MFIC Midcap Financial Investment | New | 0.40% | +0.40 |
| ARES Ares Management Corp. Class A | New | 0.39% | +0.39 |
| BXSL Blackstone Secured Lending F | New | 0.38% | +0.38 |
| BX Blackstone Inc. | New | 0.37% | +0.37 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.37% | +0.37 |
| META Meta Platforms Inc. Class A | New | 0.37% | +0.37 |
| GFS Globalfoundries Inc. | New | 0.36% | +0.36 |
| PM Philip Morris International | New | 0.34% | +0.34 |
| MASI Masimo Corp. | New | 0.33% | +0.33 |
| TERN Terns Pharmaceuticals Inc. | New | 0.31% | +0.31 |
| AAPL Apple Inc. | Add +20.3% | 2.34% | +0.31 |
| NOW ServiceNow Inc. | New | 0.30% | +0.30 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +692.3% | 1,188,400 | $772.9M |
| XLE SS Energy Select Sector | put | Add +36.0% | 4,948,400 | $303.1M |
| CRWV Coreweave Inc. Class A | put | Add +65.1% | 2,840,100 | $220.0M |
| XOP SS SPDR S&P Og Exp & Prod | put | Reduce -63.6% | 1,196,900 | $217.6M |
| TSM Taiwan Semiconductor-SP ADR | put | New | 375,000 | $126.7M |
| AMZN Amazon.com Inc. | call | Sold out | 300,000 | $69.2Mbefore exit |
| ESTC Elastic NV | call | New | 761,000 | $38.0M |
| RUN Sunrun Inc. | call | Sold out | 2,000,000 | $36.8Mbefore exit |
| IRM Iron Mountain Inc. | call | Reduce -5.4% | 310,000 | $31.7M |
| ITRI Itron Inc. | call | New | 317,500 | $28.5M |
| WIX Wix.com Ltd. | put | New | 311,600 | $28.1M |
| SMH Vaneck Semiconductor ETF | put | Reduce -77.5% | 65,300 | $25.0M |
| CFLT Confluent Inc. Class A | call | Sold out | 813,900 | $24.6Mbefore exit |
| PONY Pony AI Inc. | call | Add +123.0% | 2,230,400 | $21.1M |
| HUN Huntsman Corp. | call | Reduce -84.5% | 917,500 | $12.2M |
| DIS The Walt Disney Co. | call | Sold out | 100,000 | $11.4Mbefore exit |
| RIVN Rivian Automotive Inc. Class A | put | Sold out | 475,000 | $9.4Mbefore exit |
| ENVX Enovix Corp. | call | Sold out | 250,000 | $1.8Mbefore exit |
| WOLF Wolfspeed Inc. | call | Reduce -88.2% | 69,600 | $1.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Sold out | 194,500,000 | $221.2Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +26.6% | 247,500,000 | $218.2M |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | Add +132.0% | 209,679,000 | $186.6M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +31.1% | 175,000,000 | $181.6M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Sold out | 164,927,000 | $160.8Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -12.7% | 130,399,000 | $158.4M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +266.2% | 150,158,000 | $149.9M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Sold out | 138,750,000 | $137.6Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Add +327.6% | 21,378,000 | $114.5M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +11.9% | 103,500,000 | $98.2M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | New | 101,000,000 | $94.9M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Sold out | 83,609,000 | $83.4Mbefore exit |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Sold out | 77,500,000 | $73.3Mbefore exit |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | New | 88,000,000 | $71.1M |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | New | 1,200,703 | $60.4M |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | New | 68,055,000 | $59.5M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 62,977,000 | $58.2M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Reduce -55.9% | 37,500,000 | $36.7M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Sold out | 35,000,000 | $36.4Mbefore exit |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | Sold out | 581,067 | $31.7Mbefore exit |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 569,360 | $26.1M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -38.2% | 23,095,000 | $22.6M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | New | 17,000,000 | $16.9M |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | New | 336,856 | $16.6M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 10,000,000 | $10.0Mbefore exit |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | New | 9,000,000 | $8.9M |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Reduce -17.7% | 874,277 | $7.6M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Sold out | 5,000,000 | $5.5Mbefore exit |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | New | 3,211,000 | $2.9M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Sold out | 1,000,000 | $991Kbefore exit |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Reduce -42.3% | 19,069 | $12K |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Add +451.0% | 1,102 | $271 |
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 |