Susquehanna Advisors Group, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Susquehanna Advisors Group, Inc. reported 65 stock positions worth $1.5 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 26.1% of the portfolio, followed by Pfizer (PFE, 9.4%) and Mastercard Class A (MA, 8.9%). Compared with Q4 2025, it opened 23 new positions, sold out of 47, added to 6 and reduced 17. The biggest buy was Mastercard Class A (MA, shares +342%) and the biggest sale an exit from Micron Technology (MU).
- Most Recent 13F
- Q2 2026
- Location
- BALA CYNWYD, PA
- CIK
- 0001444949
- Portfolio Value
- $1.5B (Q1 2026)
- SEC Filing
- 0001444949-26-000008 ↗ filed May 15, 2026
Holdings Value
Holdings 65 stocks · $1.5B
| QQQ Invesco QQQ Trust Series 1 | 26.07% | 673,923 | $389.0M | No change |
| PFE Pfizer Inc. | 9.41% | 5,000,000 | $140.4M | Reduce -26.5% |
| MA Mastercard Inc. Class A | 8.87% | 265,000 | $132.4M | Add +341.7% |
| TSM Taiwan Semiconductor-SP ADR | 7.33% | 323,500 | $109.3M | Add +16075.0% |
| SHOP Shopify Inc. Class A | 6.98% | 878,600 | $104.2M | Add +19.0% |
| ORCL Oracle Corp. | 6.80% | 690,000 | $101.5M | New |
| NKE Nike Inc. Class B | 6.37% | 1,800,000 | $95.1M | New |
| NN Nextnav Inc. | 5.96% | 5,550,124 | $88.9M | Add +1.2% |
| SE Sea Ltd.-ADR | 4.94% | 890,000 | $73.7M | New |
| XRT SS SPDR S&P Retail ETF | 4.04% | 750,000 | $60.4M | No change |
| GDX Vaneck Gold Miners ETF | 1.56% | 254,300 | $23.3M | New |
| EQX Equinox Gold Corp. | 1.35% | 1,398,304 | $20.2M | Reduce -30.0% |
| CRGY Crescent Energy Inc. Class A | 0.97% | 1,072,954 | $14.5M | New |
| IAG Iamgold Corp. | 0.64% | 509,350 | $9.6M | Add +50.2% |
| AEM Agnico Eagle Mines Ltd. | 0.53% | 38,947 | $7.9M | Reduce -5.8% |
| EXE Expand Energy Corp. | 0.53% | 71,922 | $7.9M | Add +172.1% |
| CP Canadian Pacific Kansas City | 0.50% | 95,400 | $7.5M | Reduce -0.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.47% | 21,775 | $7.0M | No change |
| TD Toronto-Dominion Bank | 0.44% | 71,000 | $6.6M | No change |
| LBRT Liberty Energy Inc. | 0.38% | 195,000 | $5.6M | New |
| SVC Service Pptys TR | 0.37% | 4,039,119 | $5.5M | Reduce -32.8% |
| RY Royal Bank of Canada | 0.34% | 31,300 | $5.1M | No change |
| TSEM Tower Semiconductor Ltd. | 0.28% | 23,408 | $4.1M | Reduce -49.6% |
| BA The Boeing Co. | 0.27% | 20,200 | $4.0M | New |
| FUN Six Flags Entertainment Corp. | 0.26% | 218,705 | $3.9M | Reduce -16.6% |
| AVAV Aerovironment Inc. | 0.26% | 20,820 | $3.8M | New |
| CNQ Canadian Natural Resources | 0.26% | 78,202 | $3.8M | Reduce -2.7% |
| COMP Compass Inc. Class A | 0.25% | 516,198 | $3.8M | No change |
| WOLF Wolfspeed Inc. | 0.25% | 224,626 | $3.7M | Reduce -0.3% |
| AAUC Allied Gold Corp. | 0.22% | 106,666 | $3.3M | New |
| MFC Manulife Financial Corp. | 0.22% | 95,700 | $3.3M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.22% | 23,900 | $3.2M | No change |
| CC The Chemours Co. | 0.20% | 138,460 | $3.1M | Reduce -83.7% |
| CNI Canadian Natl Railway Co. | 0.19% | 27,600 | $2.8M | Reduce -2.1% |
| IMO Imperial Oil Ltd. | 0.19% | 21,665 | $2.8M | New |
| ENLT Enlight Renewable Energy Ltd. | 0.17% | 36,376 | $2.5M | New |
| ALM Almonty Industries Inc. | 0.16% | 167,800 | $2.4M | New |
| RACE Ferrari NV | 0.16% | 7,123 | $2.4M | Reduce -16.2% |
| AQN Algonquin Power & Utilities | 0.16% | 386,400 | $2.4M | No change |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.13% | 19,009 | $1.9M | New |
| GLXY Galaxy Digital Inc. Class A | 0.11% | 85,500 | $1.6M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.10% | 20,250 | $1.5M | No change |
| SUNC Sunococorp LLC | 0.10% | 24,071 | $1.5M | No change |
| OTEX Open Text Corp. | 0.10% | 65,117 | $1.4M | New |
| JHX James Hardie Ind PLC | 0.10% | 75,000 | $1.4M | Reduce -24.4% |
| OVV Ovintiv Inc. | 0.09% | 22,745 | $1.4M | New |
| VOYG Voyager Technologies Inc. Class A | 0.09% | 56,828 | $1.3M | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.08% | 31,427 | $1.3M | No change |
| UNIT Uniti Group Inc. | 0.08% | 125,406 | $1.2M | Reduce -15.9% |
| CCL Carnival Corp. | 0.07% | 40,230 | $1.0M | New |
| ADTN Adtran Holdings Inc. | 0.07% | 81,694 | $1.0M | Reduce -1.0% |
| OGN Organon & Co. | 0.07% | 162,915 | $976K | New |
| SOFI Sofi Technologies Inc. | 0.05% | 43,492 | $691K | No change |
| CDE Coeur Mining Inc. | 0.04% | 32,200 | $604K | Reduce -99.4% |
| AG First Majestic Silver Corp. | 0.04% | 24,800 | $533K | Reduce -85.3% |
| MDA Mda Space Ltd. | 0.03% | 17,200 | $436K | New |
| LITE Lumentum Holdings Inc. | 0.02% | 474 | $333K | New |
| TRMD Torm PLC-A | 0.02% | 11,200 | $312K | New |
| GIL Gildan Activewear Inc. | 0.02% | 5,000 | $278K | New |
| EWZ iShares MSCI Brazil ETF | 0.02% | 5,918 | $227K | New |
| BHC Bausch Health Cos Inc. | 0.01% | 15,800 | $85K | No change |
| BITF Bitfarms Ltd./Canada | 0.01% | 42,600 | $83K | No change |
| SNDL SNDL Inc. | 0.01% | 59,018 | $78K | No change |
| BTX BlackRock Tech & Priv Eqty | 0.00% | 10,600 | $70K | No change |
| SLI Standard Lithium Ltd. | 0.00% | 10,700 | $36K | No change |
Options reported separately and not counted above: PFE puts ($140.4M), SPY calls ($117.1M), TSM puts ($109.3M), ORCL puts ($101.5M), SHOP puts ($100.8M), NKE puts ($95.1M), MSTR puts ($74.9M), SE puts ($73.7M), IWM puts ($59.5M), A puts ($18.2M), DHR puts ($9.5M), NVO calls ($3.7M).
Other holdings (49): bonds, preferreds, convertibles and warrants · $651.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 8,160,000 | $82.3M | Add +39.4% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 1,375,000 | $80.4M | Add +358.3% |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 29,556,000 | $78.5M | Reduce -3.4% |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 1,353,273 | $68.0M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 900,000 | $64.7M | Reduce -25.0% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 875,000 | $56.4M | Add +288.9% |
| PORCH GROUP INC (PRCH 9 05/15/30) | DEBT 9.000% 5/1 · principal | 38,150,000 | $40.4M | Reduce -16.0% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 790,000 | $35.6M | New |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 37,318,000 | $30.5M | Reduce -60.4% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 545,000 | $29.2M | Add +240.6% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 460,000 | $25.8M | New |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | 400,000 | $20.5M | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 200,000 | $10.5M | New |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | 175,000 | $7.2M | New |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 4,894,000 | $7.0M | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 100,000 | $3.6M | New |
| STRATEGY INC (MSTR 0 03/01/30) | NOTE 3/0 · principal | 2,250,000 | $1.9M | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 140,935,000 | $1.4M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 96,429,000 | $1.3M | New |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | 25,000 | $1.3M | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 90,155,000 | $1.2M | Reduce -7.8% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 86,410,000 | $834K | Reduce -22.8% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 46,100,000 | $478K | Add +268.8% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 41,500,000 | $404K | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 27,950,000 | $311K | Add +412.8% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 23,230,000 | $283K | Add +364.6% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 25,000,000 | $248K | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 15,650,000 | $180K | Reduce -55.6% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 10,537,000 | $175K | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 13,000,000 | $157K | New |
| BRIDGEBIO PHARMA INC (BBIO 1.75 03/01/31) | NOTE 1.750% 3/0 · principal | 7,500,000 | $127K | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 11,625,000 | $116K | Reduce -42.2% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 7,836,000 | $106K | Reduce -39.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 6,560,000 | $100K | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 7,500,000 | $87K | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 6,651,000 | $76K | Reduce -33.5% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 8,000,000 | $76K | New |
| LCI INDUSTRIES (LCII 3 03/01/30) | NOTE 3.000% 3/0 · principal | 5,000,000 | $60K | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 5,000,000 | $59K | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 5,000,000 | $59K | New |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 5,000,000 | $52K | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 3,888,000 | $46K | No change |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 4,714,000 | $45K | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 3,500,000 | $34K | No change |
| SEMLER SCIENTIFIC INC (SMLR 4.25 08/01/30) | NOTE 4.250% 8/0 · principal | 3,555,000 | $30K | New |
| ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) | NOTE 4.250%11/1 · principal | 2,000,000 | $28K | New |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | NOTE 2.000% 3/1 · principal | 2,500,000 | $25K | New |
| BEYOND MEAT INC (BYND 7 10/15/30) | DEBT 10/1 · principal | 700,000 | $5K | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 50,000 | $295 | No change |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q4 2025 → Q1 2026
| MU Micron Technology Inc. | Sold out | 0.00% | −9.68 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −7.87 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −7.50 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −7.44 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −4.64 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −4.22 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −4.08 |
| CDE Coeur Mining Inc. | Reduce -99.4% | 0.04% | −3.50 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −2.89 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −2.55 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −2.38 |
| ARGX Argenx SE - ADR | Sold out | 0.00% | −0.60 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.42 |
| ARIS Aris Mining Corp. | Sold out | 0.00% | −0.37 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.31 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.28 |
| EFXT Enerflex Ltd. | Sold out | 0.00% | −0.25 |
| B Barrick Mining Corp. | Sold out | 0.00% | −0.24 |
| PPTA Perpetua Resources Corp. | Sold out | 0.00% | −0.18 |
| CC The Chemours Co. | Reduce -83.7% | 0.20% | −0.17 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.14 |
| VZLA Vizsla Silver Corp. | Sold out | 0.00% | −0.14 |
| TASEKO MINES LTD | Sold out | 0.00% | −0.13 |
| CCO Clear Channel Outdoor Holdin | Sold out | 0.00% | −0.11 |
| SVM Silvercorp Metals Inc. | Sold out | 0.00% | −0.10 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.08 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.08 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.08 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.08 |
| BKE The Buckle Inc. | Sold out | 0.00% | −0.08 |
| AG First Majestic Silver Corp. | Reduce -85.3% | 0.04% | −0.07 |
| EXK Endeavour Silver Corp. | Sold out | 0.00% | −0.06 |
| AR Antero Resources Corp. | Sold out | 0.00% | −0.06 |
| ORLA Orla Mining Ltd. | Sold out | 0.00% | −0.06 |
| ERO Ero Copper Corp. | Sold out | 0.00% | −0.06 |
| UUUU Energy Fuels Inc. | Sold out | 0.00% | −0.06 |
| DNN Denison Mines Corp. | Sold out | 0.00% | −0.05 |
| SVC Service Pptys TR | Reduce -32.8% | 0.37% | −0.05 |
| SA Seabridge Gold Inc. | Sold out | 0.00% | −0.03 |
| BNT Brookfield Wealth Solutions | Sold out | 0.00% | −0.03 |
| SMLR Semler Scientific Inc. | Sold out | 0.00% | −0.03 |
| TFPM Triple Flag Precious Met | Sold out | 0.00% | −0.03 |
| SII Sprott Inc. | Sold out | 0.00% | −0.03 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.02 |
| FSM Fortuna Mining Corp. | Sold out | 0.00% | −0.01 |
| BBUC Brookfield Business Class A | Sold out | 0.00% | −0.01 |
| MGIC Magic Software Enterprises | Sold out | 0.00% | −0.01 |
| KEN Kenon Holdings Ltd. | Sold out | 0.00% | −0.01 |
| BWLP BW LPG Ltd. | Sold out | 0.00% | −0.01 |
| DOMH Dominari Holdings Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| MA Mastercard Inc. Class A | Add +341.7% | 8.87% | +7.58 |
| TSM Taiwan Semiconductor-SP ADR | Add +16075.0% | 7.33% | +7.30 |
| ORCL Oracle Corp. | New | 6.80% | +6.80 |
| NKE Nike Inc. Class B | New | 6.37% | +6.37 |
| SE Sea Ltd.-ADR | New | 4.94% | +4.94 |
| NN Nextnav Inc. | Add +1.2% | 5.96% | +2.52 |
| SHOP Shopify Inc. Class A | Add +19.0% | 6.98% | +2.51 |
| GDX Vaneck Gold Miners ETF | New | 1.56% | +1.56 |
| CRGY Crescent Energy Inc. Class A | New | 0.97% | +0.97 |
| IAG Iamgold Corp. | Add +50.2% | 0.64% | +0.43 |
| EXE Expand Energy Corp. | Add +172.1% | 0.53% | +0.42 |
| LBRT Liberty Energy Inc. | New | 0.38% | +0.38 |
| BA The Boeing Co. | New | 0.27% | +0.27 |
| AVAV Aerovironment Inc. | New | 0.26% | +0.26 |
| AAUC Allied Gold Corp. | New | 0.22% | +0.22 |
| IMO Imperial Oil Ltd. | New | 0.19% | +0.19 |
| ENLT Enlight Renewable Energy Ltd. | New | 0.17% | +0.17 |
| ALM Almonty Industries Inc. | New | 0.16% | +0.16 |
| HRI Herc Holdings Inc. | New | 0.13% | +0.13 |
| OTEX Open Text Corp. | New | 0.10% | +0.10 |
| OVV Ovintiv Inc. | New | 0.09% | +0.09 |
| VOYG Voyager Technologies Inc. Class A | New | 0.09% | +0.09 |
| CCL Carnival Corp. | New | 0.07% | +0.07 |
| OGN Organon & Co. | New | 0.07% | +0.07 |
| MDA Mda Space Ltd. | New | 0.03% | +0.03 |
| LITE Lumentum Holdings Inc. | New | 0.02% | +0.02 |
| TRMD Torm PLC-A | New | 0.02% | +0.02 |
| GIL Gildan Activewear Inc. | New | 0.02% | +0.02 |
| EWZ iShares MSCI Brazil ETF | New | 0.02% | +0.02 |
Options Activity Q4 2025 → Q1 2026
| MU Micron Technology Inc. | put | Sold out | 900,000 | $256.9Mbefore exit |
| META Meta Platforms Inc. Class A | put | Sold out | 316,500 | $208.9Mbefore exit |
| AMZN Amazon.com Inc. | put | Sold out | 862,100 | $199.0Mbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 1,058,200 | $197.4Mbefore exit |
| GWW WW Grainger Inc. | call | Sold out | 170,900 | $172.4Mbefore exit |
| APP AppLovin Corp. Class A | call | Sold out | 255,000 | $171.8Mbefore exit |
| INTC Intel Corp. | call | Sold out | 4,050,000 | $149.4Mbefore exit |
| PFE Pfizer Inc. | put | Reduce -26.5% | 5,000,000 | $140.4M |
| CRH CRH PLC | call | Sold out | 1,063,000 | $132.7Mbefore exit |
| BKNG Booking Holdings Inc. | put | Sold out | 23,000 | $123.2Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 180,000 | $117.1M |
| HOOD Robinhood Markets Inc. Class A | call | Sold out | 1,027,300 | $116.2Mbefore exit |
| HLT Hilton Worldwide Holdings Inc. | put | Sold out | 390,000 | $112.0Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | put | Add +16075.0% | 323,500 | $109.3M |
| ASML ASML Holding NV-NY Reg SHS | put | Sold out | 101,300 | $108.4Mbefore exit |
| ORCL Oracle Corp. | put | New | 690,000 | $101.5M |
| SHOP Shopify Inc. Class A | put | Add +19.8% | 850,000 | $100.8M |
| INSM Insmed Inc. | call | Sold out | 565,000 | $98.3Mbefore exit |
| NKE Nike Inc. Class B | put | New | 1,800,000 | $95.1M |
| CDE Coeur Mining Inc. | put | Sold out | 5,263,100 | $93.8Mbefore exit |
| CHRW C.H. Robinson Worldwide Inc. | call | Sold out | 545,500 | $87.7Mbefore exit |
| JD Jd.com Inc.-ADR | put | Sold out | 2,670,000 | $76.6Mbefore exit |
| SE Sea Ltd.-ADR | put | New | 890,000 | $73.7M |
| NVO Novo-Nordisk A/S-Spons ADR | put | Sold out | 1,330,000 | $67.7Mbefore exit |
| MELI MercadoLibre Inc. | put | Sold out | 31,300 | $63.0Mbefore exit |
| IWM iShares Russell 2000 ETF | put | New | 240,000 | $59.5M |
| ONB Old National Bancorp | call | Sold out | 2,350,000 | $52.4Mbefore exit |
| MARA Mara Holdings Inc. | put | Sold out | 3,200,000 | $28.7Mbefore exit |
| A Agilent Technologies Inc. | put | New | 160,000 | $18.2M |
| RIVN Rivian Automotive Inc. Class A | put | Sold out | 750,000 | $14.8Mbefore exit |
| DHR Danaher Corp. | put | New | 50,000 | $9.5M |
| NIO Nio Inc. - ADR | put | Sold out | 1,000,000 | $5.1Mbefore exit |
| NVO Novo-Nordisk A/S-Spons ADR | call | New | 100,000 | $3.7M |
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
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +39.4% | 8,160,000 | $82.3M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +358.3% | 1,375,000 | $80.4M |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | Reduce -3.4% | 29,556,000 | $78.5M |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | New | 1,353,273 | $68.0M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -25.0% | 900,000 | $64.7M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +288.9% | 875,000 | $56.4M |
| PORCH GROUP INC (PRCH 9 05/15/30) | DEBT 9.000% 5/1 · principal | Reduce -16.0% | 38,150,000 | $40.4M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 790,000 | $35.6M |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | Sold out | 39,670,000 | $32.5Mbefore exit |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | Reduce -60.4% | 37,318,000 | $30.5M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Add +240.6% | 545,000 | $29.2M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | New | 460,000 | $25.8M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Sold out | 430,000 | $23.7Mbefore exit |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | New | 400,000 | $20.5M |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | Sold out | 370,000 | $20.3Mbefore exit |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Sold out | 13,600,000 | $13.5Mbefore exit |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | New | 200,000 | $10.5M |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | Sold out | 9,831,000 | $9.8Mbefore exit |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | Sold out | 22,500 | $8.2Mbefore exit |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | New | 175,000 | $7.2M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 100,000 | $3.6M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 66,259,000 | $2.2Mbefore exit |
| STRATEGY INC (MSTR 0 03/01/30) | NOTE 3/0 · principal | New | 2,250,000 | $1.9M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | New | 140,935,000 | $1.4M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 96,429,000 | $1.3M |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | New | 25,000 | $1.3M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -7.8% | 90,155,000 | $1.2M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | Reduce -22.8% | 86,410,000 | $834K |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +268.8% | 46,100,000 | $478K |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 41,500,000 | $404K |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | Sold out | 3,304 | $328Kbefore exit |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Add +412.8% | 27,950,000 | $311K |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | Add +364.6% | 23,230,000 | $283K |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Sold out | 25,606,000 | $253Kbefore exit |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | New | 25,000,000 | $248K |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 10,250,000 | $212Kbefore exit |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | Reduce -55.6% | 15,650,000 | $180K |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 10,537,000 | $175K |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Sold out | 10,924,000 | $162Kbefore exit |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Sold out | 13,000,000 | $160Kbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | New | 13,000,000 | $157K |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | Sold out | 11,885,000 | $134Kbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 1.75 03/01/31) | NOTE 1.750% 3/0 · principal | New | 7,500,000 | $127K |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Sold out | 9,657,000 | $125Kbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -42.2% | 11,625,000 | $116K |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | Sold out | 13,644,000 | $110Kbefore exit |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -39.0% | 7,836,000 | $106K |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | Sold out | 6,520,000 | $104Kbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 10,000,000 | $104Kbefore exit |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | Sold out | 12,000,000 | $101Kbefore exit |
Showing the first 50 of 76.
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 |