In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), TIG Advisors, LLC reported 50 stock positions worth $1.5 billion . Its top holding was Beacon Roofing Supply (BECN) at 11.0% of the portfolio, followed by Kellanova (K, 10.7% ) and Intra-Cellular Therapies (ITCI, 9.1% ). Compared with Q4 2024, it opened 29 new positions, sold out of 24, added to 17 and reduced 4. The biggest buy was Beacon Roofing Supply (BECN, shares +3763% ) and the biggest sale an exit from Smartsheet Class A (SMAR).
Location New York, NY
CIK 0001358253
Portfolio Value $1.5B (Q1 2025) Holdings 50 stocks · $1.5B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 BECN Beacon Roofing Supply Inc. 1,357,822 $168.0M Add +3762.9% K Kellanova 1,989,154 $164.1M Add +5.9% ITCI Intra-Cellular Therapies Inc. 1,057,892 $139.6M New HES Hess Corp. 723,820 $115.6M Reduce -21.9% AMED Amedisys Inc. 836,417 $77.5M Add +17.7% SPR Spirit Aerosystems Hold Class A 2,057,216 $70.9M Add +18.3% ANSS Ansys Inc. 185,859 $58.8M Reduce -5.0% JNPR Juniper Networks Inc. 1,541,374 $55.8M Reduce -2.5% PTVE Pactiv Evergreen Inc. 2,810,116 $50.6M Add +11.3% PDCO Patterson Cos Inc. 1,569,996 $49.0M Add +231.1% ATSG Air Transport Services Group 2,128,968 $47.8M Add +59.8% TGI Triumph Group Inc. 1,883,517 $47.7M New X United States Steel Corp. 1,125,478 $47.6M Add +2412.2% SGRY Surgery Partners Inc. 1,974,838 $46.9M New HEES H&E Equipment Services Inc. 489,586 $46.4M New PLYA Playa Hotels & Resorts NV 3,053,997 $40.7M New FNA Paragon 28 Inc. 2,556,451 $33.4M New DFS Discover Financial Services 192,524 $32.9M Add +76.7% DESP Despegar.com Corp. 1,419,369 $26.7M Add +230.2% FYBR Frontier Communications Pare 728,665 $26.1M New WBA Walgreens Boots Alliance Inc. 2,181,026 $24.4M Add +2729.3% SAGE Sage Therapeutics Inc. 2,732,271 $21.7M New PRA Proassurance Corp. 644,077 $15.0M New SWTX Springworks Therapeutics Inc. 251,674 $11.1M New SWI Solarwinds Corp. 594,425 $11.0M New BHF Brighthouse Financial Inc. 185,729 $10.8M New OMC Omnicom Group 121,797 $10.1M Add +4.5% AMPS Altus Power Inc. 1,713,961 $8.5M New BA The Boeing Co. 48,485 $8.3M Add +614.3% COF Capital One Financial Corp. 45,447 $8.1M Add +299.3% SHCO Soho House & Co. Inc. 1,183,571 $7.3M Add +19.2% CHX Championx Corp. 201,000 $6.0M New SNPS Synopsys Inc. 13,658 $5.9M Add +156.2% LWAY Lifeway Foods Inc. 220,817 $5.4M Add +56.0% AZEK The Azek Co. Inc. 108,500 $5.3M New COOP Mr Cooper Group Inc. 40,573 $4.9M New ALGM Allegro Microsystems Inc. 161,253 $4.1M New CVX Chevron Corp. 24,031 $4.0M New VSTS Vestis Corp. 389,381 $3.9M New PENN Penn Entertainment Inc. 138,447 $2.3M New ML Moneylion Inc. 15,847 $1.4M New DNB Dun & Bradstreet Holdings Inc. 136,470 $1.2M New QXO Qxo Inc. 77,578 $1.1M New IPG Interpublic Group of Cos Inc. 30,000 $815K Reduce -79.2% RKT Rocket Cos Inc. Class A 66,000 $797K New GETY Getty Images Holdings Inc. 378,055 $654K New NVDA Nvidia Corp. 5,568 $603K New XBI SS SPDR S&P Biotech ETF 5,275 $428K New TKO Tko Group Holdings Inc. 2,500 $382K New NUE Nucor Corp. 2,514 $303K New
Options reported separately and not counted above: X puts ($34.7M), X calls ($16.6M), ALGM calls ($5.0M), BPMC calls ($4.6M), BA calls ($1.7M), JNPR puts ($1.7M), BHF puts ($1.4M), ALGM puts ($869K), SWTX calls ($671K), ANSS puts ($63K), DESP puts ($11K).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ SMAR Smartsheet Inc. Class A Sold out 0.00% −9.12 SUM Summit Materials Inc. Class A Sold out 0.00% −8.14 ALTM Arcadium Lithium PLC Sold out 0.00% −4.78 EDR Endeavor Group Hold Class A Sold out 0.00% −4.39 AZPN Aspen Technology Inc. Sold out 0.00% −3.76 HCP Hashicorp Inc. Class A Sold out 0.00% −2.89 BARNES GROUP INC Sold out 0.00% −2.38 ZUO Zuora Inc. Class A Sold out 0.00% −2.20 HES Hess Corp. Reduce -21.9% 7.55% −2.00 ALTR Altair Engineering Inc. Class A Sold out 0.00% −1.86 GEAR Revelyst Inc. Sold out 0.00% −1.82 SGI Somnigroup International Inc. Sold out 0.00% −1.60 MTTR Matterport Inc. Sold out 0.00% −1.48 ANSS Ansys Inc. Reduce -5.0% 3.84% −1.27 JNPR Juniper Networks Inc. Reduce -2.5% 3.64% −0.94 USAP Universal Stainless & Alloy Sold out 0.00% −0.63 ROIC Retail Opportunity Investmen Sold out 0.00% −0.57 NARI Inari Medical Inc. Sold out 0.00% −0.54 PSTX Poseida Therapeutics Inc. Sold out 0.00% −0.51 IPG Interpublic Group of Cos Inc. Reduce -79.2% 0.05% −0.26 JANX Janux Therapeutics Inc. Sold out 0.00% −0.18 ACI Albertsons Cos Inc. Class A Sold out 0.00% −0.16 LW Lamb Weston Holdings Inc. Sold out 0.00% −0.15 IP International Paper Co. Sold out 0.00% −0.14 BL Blackline Inc. Sold out 0.00% −0.13 BERY Berry Global Group Inc. Sold out 0.00% −0.12 EW Edwards Lifesciences Corp. Sold out 0.00% −0.08 MRVI Maravai Lifesciences Hldgs-A Sold out 0.00% −0.03
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ BECN Beacon Roofing Supply Inc. Add +3762.9% 10.97% +10.69 ITCI Intra-Cellular Therapies Inc. New 9.11% +9.11 TGI Triumph Group Inc. New 3.12% +3.12 SGRY Surgery Partners Inc. New 3.06% +3.06 HEES H&E Equipment Services Inc. New 3.03% +3.03 X United States Steel Corp. Add +2412.2% 3.11% +2.99 PLYA Playa Hotels & Resorts NV New 2.66% +2.66 FNA Paragon 28 Inc. New 2.18% +2.18 PDCO Patterson Cos Inc. Add +231.1% 3.20% +2.07 FYBR Frontier Communications Pare New 1.71% +1.71 WBA Walgreens Boots Alliance Inc. Add +2729.3% 1.59% +1.54 SAGE Sage Therapeutics Inc. New 1.42% +1.42 DESP Despegar.com Corp. Add +230.2% 1.74% +1.10 PRA Proassurance Corp. New 0.98% +0.98 ATSG Air Transport Services Group Add +59.8% 3.12% +0.85 SWTX Springworks Therapeutics Inc. New 0.73% +0.73 SWI Solarwinds Corp. New 0.72% +0.72 BHF Brighthouse Financial Inc. New 0.70% +0.70 DFS Discover Financial Services Add +76.7% 2.15% +0.68 AMPS Altus Power Inc. New 0.55% +0.55 BA The Boeing Co. Add +614.3% 0.54% +0.45 CHX Championx Corp. New 0.39% +0.39 COF Capital One Financial Corp. Add +299.3% 0.53% +0.38 AZEK The Azek Co. Inc. New 0.35% +0.35 COOP Mr Cooper Group Inc. New 0.32% +0.32 ALGM Allegro Microsystems Inc. New 0.26% +0.26 CVX Chevron Corp. New 0.26% +0.26 VSTS Vestis Corp. New 0.25% +0.25 SNPS Synopsys Inc. Add +156.2% 0.38% +0.18 PENN Penn Entertainment Inc. New 0.15% +0.15 ML Moneylion Inc. New 0.09% +0.09 LWAY Lifeway Foods Inc. Add +56.0% 0.35% +0.08 DNB Dun & Bradstreet Holdings Inc. New 0.08% +0.08 QXO Qxo Inc. New 0.07% +0.07 AMED Amedisys Inc. Add +17.7% 5.06% +0.07 RKT Rocket Cos Inc. Class A New 0.05% +0.05 GETY Getty Images Holdings Inc. New 0.04% +0.04 SPR Spirit Aerosystems Hold Class A Add +18.3% 4.63% +0.04 NVDA Nvidia Corp. New 0.04% +0.04 XBI SS SPDR S&P Biotech ETF New 0.03% +0.03 TKO Tko Group Holdings Inc. New 0.02% +0.02 NUE Nucor Corp. New 0.02% +0.02 SHCO Soho House & Co. Inc. Add +19.2% 0.48% −0.09 PTVE Pactiv Evergreen Inc. Add +11.3% 3.30% −0.11 OMC Omnicom Group Add +4.5% 0.66% −0.12 K Kellanova Add +5.9% 10.71% −1.06
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ X United States Steel Corp. put Add +681.7% 820,800 $34.7M X United States Steel Corp. call Add +33.0% 392,000 $16.6M INSM Insmed Inc. call Sold out 205,000 $14.2Mbefore exit EW Edwards Lifesciences Corp. call Sold out 175,000 $13.0Mbefore exit IP International Paper Co. call Sold out 180,000 $9.7Mbefore exit SGI Somnigroup International Inc. put Sold out 165,000 $9.4Mbefore exit JANX Janux Therapeutics Inc. call Sold out 160,100 $8.6Mbefore exit ALGM Allegro Microsystems Inc. call New 200,000 $5.0M BPMC Blueprint Medicines Corp. call New 52,000 $4.6M LW Lamb Weston Holdings Inc. call Sold out 55,000 $3.7Mbefore exit AMED Amedisys Inc. call Sold out 30,000 $2.7Mbefore exit JANX Janux Therapeutics Inc. put Sold out 46,500 $2.5Mbefore exit HALO Halozyme Therapeutics Inc. call Sold out 44,400 $2.1Mbefore exit BA The Boeing Co. call New 10,000 $1.7M JNPR Juniper Networks Inc. put Reduce -90.4% 46,500 $1.7M NARI Inari Medical Inc. put Sold out 30,000 $1.5Mbefore exit BHF Brighthouse Financial Inc. put New 25,000 $1.4M BL Blackline Inc. put Sold out 19,000 $1.2Mbefore exit EW Edwards Lifesciences Corp. put Sold out 15,000 $1.1Mbefore exit ALTM Arcadium Lithium PLC put Sold out 209,600 $1.1Mbefore exit AMED Amedisys Inc. put Sold out 10,000 $908Kbefore exit SMMT Summit Therapeutics Inc. call Sold out 50,000 $892Kbefore exit ALGM Allegro Microsystems Inc. put New 34,600 $869K SWTX Springworks Therapeutics Inc. call New 15,200 $671K ANSS Ansys Inc. put Reduce -99.8% 200 $63K MTTR Matterport Inc. put Sold out 12,300 $58Kbefore exit DESP Despegar.com Corp. put New 600 $11K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 82 $2.2B SPYM, BLD, JHG, NSC, ROKU Q1 2026 90 $2.1B SPYM, CWAN, HOLX, WBD, JHG Q4 2025 57 $2.1B SPYM, WBD, RNAM, CYBR, SEE Q3 2025 60 $1.6B SPYM, CYBR, MRUS, K, EA Q2 2025 45 $1.8B SPYM, HES, SWTX, SKX, AMED Q1 2025 50 $1.5B BECN, K, ITCI, HES, AMED Q4 2024 45 $1.3B K, HES, SMAR, SUM, ANSS Q3 2024 39 $1.5B EDR, SRCL, JNPR, SQSP, NVEI Q2 2024 42 $1.2B EDR, X, HCP, CTLT, WRK Q1 2024 34 $857.5M X, PXD, EDR, ANSS, HES