Susquehanna Advisors Group, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Susquehanna Advisors Group, Inc. reported 89 stock positions worth $2.7 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 15.6% of the portfolio, followed by Micron Technology (MU, 9.7%) and Meta Platforms Class A (META, 7.9%). Compared with Q3 2025, it opened 57 new positions, sold out of 41, added to 12 and reduced 7. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Costco Wholesale (COST).
- Most Recent 13F
- Q2 2026
- Location
- BALA CYNWYD, PA
- CIK
- 0001444949
- Portfolio Value
- $2.7B (Q4 2025)
- SEC Filing
- 0001444949-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 89 stocks · $2.7B
| QQQ Invesco QQQ Trust Series 1 | 15.60% | 673,923 | $414.0M | No change |
| MU Micron Technology Inc. | 9.68% | 900,000 | $256.9M | Reduce -25.3% |
| META Meta Platforms Inc. Class A | 7.87% | 316,500 | $208.9M | Add +15.8% |
| AMZN Amazon.com Inc. | 7.50% | 862,100 | $199.0M | New |
| NVDA Nvidia Corp. | 7.44% | 1,058,200 | $197.4M | New |
| PFE Pfizer Inc. | 6.38% | 6,800,000 | $169.3M | Add +36.0% |
| BKNG Booking Holdings Inc. | 4.64% | 23,000 | $123.2M | New |
| SHOP Shopify Inc. Class A | 4.48% | 738,300 | $118.8M | New |
| HLT Hilton Worldwide Holdings Inc. | 4.22% | 390,000 | $112.0M | New |
| ASML ASML Holding NV-NY Reg SHS | 4.08% | 101,300 | $108.4M | Add +25.1% |
| CDE Coeur Mining Inc. | 3.54% | 5,263,100 | $93.8M | New |
| NN Nextnav Inc. | 3.44% | 5,482,340 | $91.2M | Add +1.4% |
| JD Jd.com Inc.-ADR | 2.89% | 2,670,000 | $76.6M | Reduce -39.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.55% | 1,330,000 | $67.7M | New |
| XRT SS SPDR S&P Retail ETF | 2.41% | 750,000 | $64.0M | No change |
| MELI MercadoLibre Inc. | 2.38% | 31,300 | $63.0M | New |
| MA Mastercard Inc. Class A | 1.29% | 60,000 | $34.3M | New |
| EQX Equinox Gold Corp. | 1.06% | 1,998,304 | $28.1M | New |
| ARGX Argenx SE - ADR | 0.60% | 19,079 | $16.0M | New |
| SVC Service Pptys TR | 0.42% | 6,014,299 | $11.1M | Add +17.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.42% | 100,408 | $11.1M | New |
| CC The Chemours Co. | 0.38% | 847,534 | $10.0M | Add +161.1% |
| ARIS Aris Mining Corp. filed as ARIS MNG CORP | 0.37% | 603,300 | $9.8M | New |
| ZTS Zoetis Inc. | 0.31% | 65,974 | $8.3M | New |
| NTR Nutrien Ltd. | 0.28% | 121,900 | $7.5M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 21,775 | $7.3M | No change |
| CP Canadian Pacific Kansas City | 0.27% | 96,200 | $7.1M | New |
| AEM Agnico Eagle Mines Ltd. | 0.26% | 41,350 | $7.0M | Add +6.2% |
| EFXT Enerflex Ltd. | 0.25% | 434,200 | $6.7M | New |
| TD Toronto-Dominion Bank | 0.25% | 71,000 | $6.7M | New |
| B Barrick Mining Corp. | 0.24% | 145,200 | $6.3M | New |
| IAG Iamgold Corp. | 0.21% | 339,200 | $5.6M | New |
| COMP Compass Inc. Class A | 0.21% | 516,198 | $5.5M | No change |
| TSEM Tower Semiconductor Ltd. | 0.21% | 46,422 | $5.5M | New |
| RY Royal Bank of Canada | 0.20% | 31,300 | $5.3M | New |
| PPTA Perpetua Resources Corp. | 0.18% | 201,151 | $4.9M | New |
| FUN Six Flags Entertainment Corp. | 0.15% | 262,284 | $4.0M | New |
| WOLF Wolfspeed Inc. | 0.15% | 225,370 | $3.9M | Reduce -7.5% |
| NGD New Gold Inc. | 0.14% | 440,600 | $3.8M | New |
| VZLA Vizsla Silver Corp. | 0.14% | 692,100 | $3.8M | Add +810.7% |
| TASEKO MINES LTD | 0.13% | 620,200 | $3.5M | New |
| MFC Manulife Financial Corp. | 0.13% | 95,700 | $3.5M | New |
| RACE Ferrari NV | 0.12% | 8,500 | $3.1M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.12% | 23,900 | $3.1M | New |
| EXE Expand Energy Corp. | 0.11% | 26,433 | $2.9M | Add +373.4% |
| CCO Clear Channel Outdoor Holdin | 0.11% | 1,316,239 | $2.9M | Reduce -31.1% |
| AG First Majestic Silver Corp. | 0.11% | 168,800 | $2.8M | New |
| CNI Canadian Natl Railway Co. | 0.10% | 28,200 | $2.8M | New |
| CNQ Canadian Natural Resources | 0.10% | 80,400 | $2.7M | New |
| SVM Silvercorp Metals Inc. | 0.10% | 326,100 | $2.7M | New |
| AQN Algonquin Power & Utilities | 0.09% | 386,400 | $2.4M | Add +117.8% |
| DDOG Datadog Inc. Class A | 0.08% | 16,500 | $2.2M | New |
| CMCSA Comcast Corp. Class A | 0.08% | 75,000 | $2.2M | New |
| BAM Brookfield Asset Mgmt-A | 0.08% | 40,300 | $2.1M | No change |
| GFL GFL Environmental Inc.-Sub VT | 0.08% | 47,933 | $2.1M | New |
| JHX James Hardie Ind PLC | 0.08% | 99,137 | $2.1M | Add +97.4% |
| BKE The Buckle Inc. | 0.08% | 38,464 | $2.1M | New |
| GLXY Galaxy Digital Inc. Class A | 0.07% | 85,500 | $1.9M | New |
| EXK Endeavour Silver Corp. | 0.06% | 182,036 | $1.7M | New |
| AR Antero Resources Corp. | 0.06% | 48,000 | $1.7M | Add +109.5% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.06% | 119,100 | $1.6M | New |
| ERO Ero Copper Corp. | 0.06% | 55,286 | $1.6M | New |
| VEU Vanguard Ftse All-World Ex-U | 0.06% | 20,250 | $1.5M | No change |
| UUUU Energy Fuels Inc. | 0.06% | 101,900 | $1.5M | New |
| DNN Denison Mines Corp. | 0.05% | 515,900 | $1.4M | New |
| SUNC Sunococorp LLC | 0.04% | 24,071 | $1.2M | New |
| SOFI Sofi Technologies Inc. | 0.04% | 43,492 | $1.1M | No change |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.04% | 31,427 | $1.1M | Reduce -7.1% |
| UNIT Uniti Group Inc. | 0.04% | 149,092 | $1.0M | New |
| SA Seabridge Gold Inc. | 0.03% | 29,400 | $870K | New |
| BNT Brookfield Wealth Solutions | 0.03% | 16,066 | $738K | New |
| SMLR Semler Scientific Inc. | 0.03% | 47,797 | $731K | New |
| ADTN Adtran Holdings Inc. | 0.03% | 82,552 | $717K | No change |
| TFPM Triple Flag Precious Met | 0.03% | 21,500 | $714K | New |
| SII Sprott Inc. | 0.03% | 7,100 | $695K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 2,000 | $608K | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.02% | 5,184 | $418K | No change |
| FSM Fortuna Mining Corp. | 0.01% | 33,700 | $331K | New |
| BBUC Brookfield Business Class A | 0.01% | 8,300 | $298K | New |
| MGIC Magic Software Enterprises | 0.01% | 8,196 | $211K | New |
| KEN Kenon Holdings Ltd. | 0.01% | 3,043 | $202K | New |
| BWLP BW LPG Ltd. | 0.01% | 14,400 | $189K | No change |
| DOMH Dominari Holdings Inc. | 0.01% | 36,827 | $182K | New |
| AUDC Audiocodes Ltd. | 0.01% | 17,388 | $152K | Reduce -23.8% |
| BHC Bausch Health Cos Inc. | 0.00% | 15,800 | $110K | Reduce -75.2% |
| BITF Bitfarms Ltd./Canada | 0.00% | 42,600 | $100K | New |
| SNDL SNDL Inc. | 0.00% | 59,018 | $98K | No change |
| BTX BlackRock Tech & Priv Eqty | 0.00% | 10,600 | $70K | No change |
| SLI Standard Lithium Ltd. | 0.00% | 10,700 | $48K | New |
Options reported separately and not counted above: MU puts ($256.9M), META puts ($208.9M), AMZN puts ($199.0M), NVDA puts ($197.4M), GWW calls ($172.4M), APP calls ($171.8M), PFE puts ($169.3M), INTC calls ($149.4M), CRH calls ($132.7M), BKNG puts ($123.2M), HOOD calls ($116.2M), SHOP puts ($114.2M), and 14 more.
Other holdings (54): bonds, preferreds, convertibles and warrants · $456.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 30,606,000 | $82.5M | New |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 94,128,000 | $76.9M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 1,200,000 | $71.3M | Add +33.3% |
| PORCH GROUP INC (PRCH 9 05/15/30) | DEBT 9.000% 5/1 · principal | 45,400,000 | $51.1M | Reduce -15.0% |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 39,670,000 | $32.5M | New |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 430,000 | $23.7M | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 300,000 | $22.7M | New |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 370,000 | $20.3M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 225,000 | $15.0M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 13,600,000 | $13.5M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 160,000 | $12.8M | New |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 9,831,000 | $9.8M | Reduce -16.9% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 22,500 | $8.2M | Add +12.5% |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 4,894,000 | $7.2M | New |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 66,259,000 | $2.2M | Add +5.6% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 97,800,000 | $1.5M | Add +20.7% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 111,920,000 | $1.1M | Reduce -25.2% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 35,222,000 | $445K | Reduce -76.7% |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 3,304 | $328K | New |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 5,855,000 | $312K | Reduce -53.2% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 25,606,000 | $253K | Add +24.3% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 10,250,000 | $212K | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 20,125,000 | $200K | Add +101.3% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 10,924,000 | $162K | Reduce -37.6% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 13,000,000 | $160K | Reduce -58.3% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 12,836,000 | $156K | New |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 11,885,000 | $134K | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 12,500,000 | $129K | Add +25.0% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 9,657,000 | $125K | Reduce -81.0% |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 13,644,000 | $110K | Reduce -48.8% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 10,000,000 | $107K | New |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 6,520,000 | $104K | Reduce -27.7% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 10,000,000 | $104K | Add +122.2% |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | 12,000,000 | $101K | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 6,500,000 | $91K | Add +160.0% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 9,000,000 | $90K | No change |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 5,000,000 | $77K | No change |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 5,000,000 | $63K | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 5,450,000 | $58K | Reduce -71.6% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 5,000,000 | $51K | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 5,000,000 | $50K | Reduce -50.0% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 5,000,000 | $49K | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 5,000,000 | $47K | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 3,888,000 | $44K | Reduce -48.1% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 3,500,000 | $33K | Reduce -65.0% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 2,500,000 | $30K | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 2,500,000 | $27K | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 2,566,000 | $26K | New |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 2,500,000 | $26K | New |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 2,500,000 | $24K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 2,500,000 | $23K | New |
| T1 ENERGY INC (TE 5.25 12/01/30) | NOTE 5.250%12/0 · principal | 1,750,000 | $22K | New |
| BEYOND MEAT INC (BYND 7 10/15/30) | DEBT 10/1 · principal | 700,000 | $5K | New |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 50,000 | $500 | No change |
Total filed on the 13F, all lines: $3.1B.
Portfolio Sells Q3 2025 → Q4 2025
| COST Costco Wholesale Corp. | Sold out | 0.00% | −7.94 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −5.12 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −5.11 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −4.94 |
| CRM Salesforce Inc. | Sold out | 0.00% | −3.90 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −3.81 |
| JD Jd.com Inc.-ADR | Reduce -39.7% | 2.89% | −3.18 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −2.01 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.94 |
| BA The Boeing Co. | Sold out | 0.00% | −1.94 |
| C Citigroup Inc. | Sold out | 0.00% | −1.93 |
| VST Vistra Corp. | Sold out | 0.00% | −1.92 |
| NFLX Netflix Inc. | Sold out | 0.00% | −1.16 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −0.86 |
| STLA Stellantis NV | Sold out | 0.00% | −0.63 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.61 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −0.34 |
| CVLT Commvault Systems Inc. | Sold out | 0.00% | −0.27 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.18 |
| LADR Ladder Capital Corp.-REIT | Sold out | 0.00% | −0.17 |
| PENN Penn Entertainment Inc. | Sold out | 0.00% | −0.17 |
| NBR Nabors Industries Ltd. | Sold out | 0.00% | −0.16 |
| CYH Community Health Systems Inc. | Sold out | 0.00% | −0.13 |
| WOLF Wolfspeed Inc. | Reduce -7.5% | 0.15% | −0.13 |
| CAMT Camtek Ltd. | Sold out | 0.00% | −0.12 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.12 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.10 |
| CGAU Centerra Gold Inc. | Sold out | 0.00% | −0.09 |
| AD Array Digital Infrastructure | Sold out | 0.00% | −0.08 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.08 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.06 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.05 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.05 |
| OTEX Open Text Corp. | Sold out | 0.00% | −0.05 |
| COHU Cohu Inc. | Sold out | 0.00% | −0.03 |
| BTBT Bit Digital Inc. | Sold out | 0.00% | −0.03 |
| RRC Range Resources Corp. | Sold out | 0.00% | −0.02 |
| BIP Brookfield Infrastructure Pa | Sold out | 0.00% | −0.02 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.02 |
| MEOH Methanex Corp. | Sold out | 0.00% | −0.01 |
| SKE Skeena Resources Ltd. | Sold out | 0.00% | −0.01 |
| BHC Bausch Health Cos Inc. | Reduce -75.2% | 0.00% | −0.01 |
| GDS GDS Holdings Ltd. - ADR | Reduce -7.1% | 0.04% | −0.01 |
| CCO Clear Channel Outdoor Holdin | Reduce -31.1% | 0.11% | −0.01 |
| CNL Collective Mining Ltd. | Sold out | 0.00% | −0.01 |
| AUDC Audiocodes Ltd. | Reduce -23.8% | 0.01% | −0.00 |
| LAR Lithium Argentina AG | Sold out | 0.00% | −0.00 |
| MU Micron Technology Inc. | Reduce -25.3% | 9.68% | +1.78 |
Portfolio Buys Q3 2025 → Q4 2025
| AMZN Amazon.com Inc. | New | 7.50% | +7.50 |
| NVDA Nvidia Corp. | New | 7.44% | +7.44 |
| BKNG Booking Holdings Inc. | New | 4.64% | +4.64 |
| SHOP Shopify Inc. Class A | New | 4.48% | +4.48 |
| HLT Hilton Worldwide Holdings Inc. | New | 4.22% | +4.22 |
| CDE Coeur Mining Inc. | New | 3.54% | +3.54 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 2.55% | +2.55 |
| MELI MercadoLibre Inc. | New | 2.38% | +2.38 |
| PFE Pfizer Inc. | Add +36.0% | 6.38% | +1.39 |
| MA Mastercard Inc. Class A | New | 1.29% | +1.29 |
| EQX Equinox Gold Corp. | New | 1.06% | +1.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +25.1% | 4.08% | +1.01 |
| ARGX Argenx SE - ADR | New | 0.60% | +0.60 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.42% | +0.42 |
| NN Nextnav Inc. | Add +1.4% | 3.44% | +0.41 |
| ARIS Aris Mining Corp. | New | 0.37% | +0.37 |
| ZTS Zoetis Inc. | New | 0.31% | +0.31 |
| NTR Nutrien Ltd. | New | 0.28% | +0.28 |
| CP Canadian Pacific Kansas City | New | 0.27% | +0.27 |
| EFXT Enerflex Ltd. | New | 0.25% | +0.25 |
| TD Toronto-Dominion Bank | New | 0.25% | +0.25 |
| B Barrick Mining Corp. | New | 0.24% | +0.24 |
| IAG Iamgold Corp. | New | 0.21% | +0.21 |
| TSEM Tower Semiconductor Ltd. | New | 0.21% | +0.21 |
| RY Royal Bank of Canada | New | 0.20% | +0.20 |
| PPTA Perpetua Resources Corp. | New | 0.18% | +0.18 |
| CC The Chemours Co. | Add +161.1% | 0.38% | +0.18 |
| FUN Six Flags Entertainment Corp. | New | 0.15% | +0.15 |
| NGD New Gold Inc. | New | 0.14% | +0.14 |
| TASEKO MINES LTD | New | 0.13% | +0.13 |
| MFC Manulife Financial Corp. | New | 0.13% | +0.13 |
| VZLA Vizsla Silver Corp. | Add +810.7% | 0.14% | +0.13 |
| BMO Bank of Montreal | New | 0.12% | +0.12 |
| AG First Majestic Silver Corp. | New | 0.11% | +0.11 |
| CNI Canadian Natl Railway Co. | New | 0.10% | +0.10 |
| CNQ Canadian Natural Resources | New | 0.10% | +0.10 |
| SVM Silvercorp Metals Inc. | New | 0.10% | +0.10 |
| EXE Expand Energy Corp. | Add +373.4% | 0.11% | +0.09 |
| DDOG Datadog Inc. Class A | New | 0.08% | +0.08 |
| CMCSA Comcast Corp. Class A | New | 0.08% | +0.08 |
| GFL GFL Environmental Inc.-Sub VT | New | 0.08% | +0.08 |
| BKE The Buckle Inc. | New | 0.08% | +0.08 |
| GLXY Galaxy Digital Inc. Class A | New | 0.07% | +0.07 |
| EXK Endeavour Silver Corp. | New | 0.06% | +0.06 |
| ORLA Orla Mining Ltd. | New | 0.06% | +0.06 |
| ERO Ero Copper Corp. | New | 0.06% | +0.06 |
| UUUU Energy Fuels Inc. | New | 0.06% | +0.06 |
| AQN Algonquin Power & Utilities | Add +117.8% | 0.09% | +0.05 |
| DNN Denison Mines Corp. | New | 0.05% | +0.05 |
| SUNC Sunococorp LLC | New | 0.04% | +0.04 |
Options Activity Q3 2025 → Q4 2025
| MU Micron Technology Inc. | put | Reduce -25.3% | 900,000 | $256.9M |
| META Meta Platforms Inc. Class A | put | Add +15.8% | 316,500 | $208.9M |
| COST Costco Wholesale Corp. | put | Sold out | 219,100 | $202.8Mbefore exit |
| AMZN Amazon.com Inc. | put | New | 862,100 | $199.0M |
| NVDA Nvidia Corp. | put | New | 1,058,200 | $197.4M |
| GWW WW Grainger Inc. | call | New | 170,900 | $172.4M |
| APP AppLovin Corp. Class A | call | Reduce -62.1% | 255,000 | $171.8M |
| PFE Pfizer Inc. | put | Add +36.0% | 6,800,000 | $169.3M |
| INTC Intel Corp. | call | New | 4,050,000 | $149.4M |
| CRH CRH PLC | call | New | 1,063,000 | $132.7M |
| LLY Eli Lilly & Co. | put | Sold out | 171,200 | $130.6Mbefore exit |
| PDD PDD Holdings Inc. | put | Sold out | 954,200 | $126.1Mbefore exit |
| ALNY Alnylam Pharmaceuticals Inc. | put | Sold out | 275,900 | $125.8Mbefore exit |
| BKNG Booking Holdings Inc. | put | New | 23,000 | $123.2M |
| HOOD Robinhood Markets Inc. Class A | call | New | 1,027,300 | $116.2M |
| SHOP Shopify Inc. Class A | put | New | 709,700 | $114.2M |
| HLT Hilton Worldwide Holdings Inc. | put | New | 390,000 | $112.0M |
| ASML ASML Holding NV-NY Reg SHS | put | Add +25.1% | 101,300 | $108.4M |
| COOP Mr Cooper Group Inc. | call | Sold out | 480,800 | $101.3Mbefore exit |
| CRM Salesforce Inc. | put | Sold out | 420,000 | $99.5Mbefore exit |
| INSM Insmed Inc. | call | New | 565,000 | $98.3M |
| AVGO Broadcom Inc. | put | Sold out | 295,000 | $97.3Mbefore exit |
| CDE Coeur Mining Inc. | put | New | 5,263,100 | $93.8M |
| MSTR Strategy Inc. | put | Reduce -9.9% | 600,000 | $91.2M |
| CHRW C.H. Robinson Worldwide Inc. | call | Add +23.2% | 545,500 | $87.7M |
| JD Jd.com Inc.-ADR | put | Reduce -39.7% | 2,670,000 | $76.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 107,500 | $71.6Mbefore exit |
| DDOG Datadog Inc. Class A | call | Sold out | 486,100 | $69.2Mbefore exit |
| NVO Novo-Nordisk A/S-Spons ADR | put | New | 1,330,000 | $67.7M |
| RCL Royal Caribbean Cruises Ltd. | call | Sold out | 202,500 | $65.5Mbefore exit |
| GFS Globalfoundries Inc. | call | Sold out | 1,805,600 | $64.7Mbefore exit |
| MELI MercadoLibre Inc. | put | New | 31,300 | $63.0M |
| FTI Technipfmc PLC | call | Sold out | 1,589,700 | $62.7Mbefore exit |
| SE Sea Ltd.-ADR | call | Sold out | 310,700 | $55.5Mbefore exit |
| ONB Old National Bancorp | call | Reduce -20.5% | 2,350,000 | $52.4M |
| SNPS Synopsys Inc. | put | Sold out | 104,200 | $51.4Mbefore exit |
| AMD Advanced Micro Devices | put | Sold out | 306,700 | $49.6Mbefore exit |
| BA The Boeing Co. | put | Sold out | 229,400 | $49.5Mbefore exit |
| C Citigroup Inc. | put | Sold out | 485,400 | $49.3Mbefore exit |
| VST Vistra Corp. | put | Sold out | 250,000 | $49.0Mbefore exit |
| RBLX Roblox Corp. Class A | call | Sold out | 275,400 | $38.1Mbefore exit |
| NFLX Netflix Inc. | put | Sold out | 246,000 | $29.5Mbefore exit |
| BABA Alibaba Group Holding-SP ADR | call | Sold out | 125,000 | $22.3Mbefore exit |
| CRWV Coreweave Inc. Class A | put | Sold out | 30,000 | $4.1Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | put | New | 2,000 | $608K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | Sold out | 176,641,000 | $314.7Mbefore exit |
| SEMTECH CORP (SMTC 4 11/01/28) | NOTE 4.000%11/0 · principal | Sold out | 42,000,000 | $150.8Mbefore exit |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | New | 30,606,000 | $82.5M |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 94,128,000 | $76.9M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +33.3% | 1,200,000 | $71.3M |
| PORCH GROUP INC (PRCH 9 05/15/30) | DEBT 9.000% 5/1 · principal | Reduce -15.0% | 45,400,000 | $51.1M |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | New | 39,670,000 | $32.5M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | New | 300,000 | $22.7M |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | New | 370,000 | $20.3M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Sold out | 249,400 | $17.4Mbefore exit |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 225,000 | $15.0M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 13,600,000 | $13.5M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 160,000 | $12.8M |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | Reduce -16.9% | 9,831,000 | $9.8M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Sold out | 9,918,000 | $9.1Mbefore exit |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | Add +12.5% | 22,500 | $8.2M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Sold out | 190,000 | $7.5Mbefore exit |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | New | 4,894,000 | $7.2M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Sold out | 6,776,000 | $6.8Mbefore exit |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Sold out | 125,000 | $6.5Mbefore exit |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Sold out | 65,179 | $3.3Mbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +5.6% | 66,259,000 | $2.2M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +20.7% | 97,800,000 | $1.5M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | Reduce -25.2% | 111,920,000 | $1.1M |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | Sold out | 37,850,000 | $715Kbefore exit |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | Reduce -76.7% | 35,222,000 | $445K |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 35,700,000 | $402Kbefore exit |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | New | 3,304 | $328K |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Reduce -53.2% | 5,855,000 | $312K |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +24.3% | 25,606,000 | $253K |
| CIFRW Cipher Mining Inc. | *W EXP 08/27/202 | Sold out | 50,000 | $250Kbefore exit |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Sold out | 19,567,000 | $234Kbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +101.3% | 20,125,000 | $200K |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 17,500,000 | $192Kbefore exit |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 18,360,000 | $182Kbefore exit |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Reduce -37.6% | 10,924,000 | $162K |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Reduce -58.3% | 13,000,000 | $160K |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 12,836,000 | $156K |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | New | 11,885,000 | $134K |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +25.0% | 12,500,000 | $129K |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | Sold out | 10,000,000 | $128Kbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -81.0% | 9,657,000 | $125K |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Sold out | 10,225,000 | $114Kbefore exit |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Sold out | 3,500,000 | $112Kbefore exit |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | Reduce -48.8% | 13,644,000 | $110K |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | New | 10,000,000 | $107K |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | Reduce -27.7% | 6,520,000 | $104K |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +122.2% | 10,000,000 | $104K |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | New | 12,000,000 | $101K |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Sold out | 10,254,000 | $101Kbefore exit |
Showing the first 50 of 77.
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 | 65 | $2.5B | QQQ, GEV, TSM, BABA, PFE |
| Q1 2026 | 65 | $1.5B | QQQ, PFE, MA, TSM, SHOP |
| Q4 2025 | 89 | $2.7B | QQQ, MU, META, AMZN, NVDA |
| Q3 2025 | 73 | $2.6B | QQQ, COST, MU, META, JD |
| Q2 2025 | 65 | $1.5B | QQQ, TSM, NKE, PFE, FSLR |
| Q1 2025 | 31 | $1.1B | QQQ, GOOGL, TSM, CRM, MU |
| Q4 2024 | 37 | $1.4B | QQQ, MSFT, UAL, AMD, PFE |