Tudor Investment Corporation
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Paul Tudor Jones's Tudor Investment Corporation reported 1,539 stock positions worth $17.5 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 5.5% of the portfolio, followed by Nvidia (NVDA, 2.3%) and Invesco QQQ Trust Series 1 (QQQ, 2.1%). Compared with Q3 2025, it opened 555 new positions, sold out of 499, added to 499 and reduced 453. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +7090%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −69%).
- Most Recent 13F
- Q2 2026
- Notable People
- Paul Tudor Jones
- Location
- STAMFORD, CT
- CIK
- 0000923093
- Portfolio Value
- $17.5B (Q4 2025)
- SEC Filing
- 0000902664-26-001113 ↗ filed Feb 17, 2026
Holdings Value
Holdings 1,539 stocks · $17.5B
| IVV iShares Core S&P 500 ETF | 5.45% | 1,396,792 | $956.7M | Add +7089.9% |
| NVDA Nvidia Corp. | 2.27% | 2,133,351 | $397.9M | Add +81.3% |
| QQQ Invesco QQQ Trust Series 1 | 2.11% | 603,672 | $370.8M | Add +5.3% |
| AMZN Amazon.com Inc. | 2.06% | 1,562,275 | $360.6M | Add +94.3% |
| MSFT Microsoft Corp. | 1.98% | 718,681 | $347.6M | Add +95.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.73% | 444,530 | $303.1M | Reduce -69.4% |
| GOOGL Alphabet Inc. Class A | 1.36% | 763,398 | $238.9M | New |
| EXAS Exact Sciences Corp. | 1.15% | 1,978,628 | $200.9M | Add +13154.5% |
| GLD SPDR Gold Shares | 1.08% | 478,335 | $189.6M | Add +49.1% |
| EA Electronic Arts Inc. | 1.03% | 887,833 | $181.4M | Add +88683.3% |
| SEE Sealed Air Corp. | 0.99% | 4,185,246 | $173.4M | New |
| AAPL Apple Inc. | 0.98% | 633,209 | $172.1M | Add +8.9% |
| CYBR Cyberark Software Ltd./Israel | 0.90% | 355,361 | $158.5M | Add +51.8% |
| IWM iShares Russell 2000 ETF | 0.87% | 622,090 | $153.1M | Add +456.8% |
| NFLX Netflix Inc. | 0.84% | 1,574,546 | $147.6M | Add +147.7% |
| MS Morgan Stanley | 0.72% | 712,236 | $126.4M | Add +6494.8% |
| HOLX Hologic Inc. | 0.68% | 1,609,400 | $119.9M | Add +634.2% |
| CFLT Confluent Inc. Class A | 0.68% | 3,950,025 | $119.4M | Add +6555.9% |
| KVUE Kenvue Inc. | 0.67% | 6,837,583 | $117.9M | Add +14731.4% |
| NSC Norfolk Southern Corp. | 0.66% | 399,788 | $115.4M | Add +49.4% |
| UNH Unitedhealth Group Inc. | 0.65% | 348,003 | $114.9M | Add +13213.0% |
| LBRDK Liberty Broadband-C | 0.58% | 2,107,652 | $102.4M | Add +4.2% |
| LVS Las Vegas Sands Corp. | 0.57% | 1,524,135 | $99.2M | Add +115.2% |
| JPM JPMorgan Chase & Co. | 0.55% | 300,524 | $96.8M | New |
| CMA Comerica Inc. | 0.55% | 1,106,871 | $96.2M | Add +3907.1% |
| CVX Chevron Corp. | 0.54% | 617,943 | $94.2M | Add +405.1% |
| AMD Advanced Micro Devices | 0.53% | 434,056 | $93.0M | New |
| LIN Linde PLC | 0.49% | 200,841 | $85.6M | Add +449.8% |
| URI United Rentals Inc. | 0.46% | 99,950 | $80.9M | Add +520.9% |
| TMUS T-Mobile US Inc. | 0.46% | 395,673 | $80.3M | Reduce -3.6% |
| BSX Boston Scientific Corp. | 0.40% | 732,838 | $69.9M | Add +11.0% |
| FISV Fiserv Inc. | 0.39% | 1,011,917 | $68.0M | Add +338.4% |
| CTAS Cintas Corp. | 0.37% | 348,420 | $65.5M | Add +19.7% |
| WDAY Workday Inc. Class A | 0.37% | 300,000 | $64.4M | New |
| AVDL Avadel Pharmaceuticals Ltd. | 0.37% | 2,983,541 | $64.3M | Add +6717.6% |
| MCD McDonald's Corp. | 0.36% | 206,714 | $63.2M | New |
| NTRA Natera Inc. | 0.35% | 271,415 | $62.2M | Add +1312.2% |
| HON Honeywell International Inc. | 0.35% | 317,379 | $61.9M | Add +41.4% |
| ROP Roper Technologies Inc. | 0.34% | 134,738 | $60.0M | Add +144.5% |
| NOW ServiceNow Inc. | 0.33% | 379,747 | $58.2M | New |
| GS Goldman Sachs Group Inc. | 0.33% | 65,000 | $57.1M | New |
| BLK BlackRock Inc. | 0.32% | 51,897 | $55.5M | New |
| CLF Cleveland-Cliffs Inc. | 0.32% | 4,181,411 | $55.5M | Add +506.4% |
| CCL Carnival Corp. | 0.31% | 1,777,104 | $54.3M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.31% | 176,557 | $53.7M | Reduce -25.4% |
| RNAM Avidity Biosciences Inc. | 0.30% | 733,010 | $52.9M | New |
| SYK Stryker Corp. | 0.30% | 150,100 | $52.8M | Add +232.9% |
| AMP Ameriprise Financial Inc. | 0.30% | 107,175 | $52.6M | Add +1.4% |
| T AT&T Inc. | 0.29% | 2,061,162 | $51.2M | Add +209.1% |
| AES AES Corp. | 0.29% | 3,535,076 | $50.7M | Reduce -16.9% |
| LLY Eli Lilly & Co. | 0.29% | 46,758 | $50.2M | New |
| KMI Kinder Morgan Inc. | 0.29% | 1,823,816 | $50.1M | Add +51.0% |
| MEDP Medpace Holdings Inc. | 0.29% | 89,242 | $50.1M | Add +287.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 897,898 | $49.4M | New |
| CDNS Cadence Design SYS Inc. | 0.28% | 154,837 | $48.4M | New |
| XLC SS Comm Select Sector SPDR | 0.27% | 399,774 | $47.1M | Add +5743.8% |
| ETN Eaton Corp. PLC | 0.27% | 146,806 | $46.8M | New |
| GRMN Garmin Ltd. | 0.27% | 230,234 | $46.7M | Add +236.1% |
| VST Vistra Corp. | 0.26% | 278,005 | $44.9M | Add +66.8% |
| TER Teradyne Inc. | 0.25% | 229,261 | $44.4M | New |
| NEM Newmont Corp. | 0.24% | 427,132 | $42.6M | Reduce -27.4% |
| AGNC AGNC Investment Corp. | 0.24% | 3,953,770 | $42.4M | Add +276.5% |
| SLV iShares Silver Trust | 0.24% | 656,688 | $42.3M | Reduce -12.4% |
| CME Cme Group Inc. | 0.24% | 152,462 | $41.6M | Add +154.1% |
| MRSH Marsh & McLennan Cos | 0.23% | 220,096 | $40.8M | Add +20.4% |
| TEL Te Connectivity PLC | 0.23% | 175,411 | $39.9M | Add +79.3% |
| A Agilent Technologies Inc. | 0.22% | 289,749 | $39.4M | New |
| EXLS Exlservice Holdings Inc. | 0.22% | 923,468 | $39.2M | Reduce -5.4% |
| HOOD Robinhood Markets Inc. Class A | 0.22% | 345,374 | $39.1M | New |
| JXN Jackson Financial Inc. Class A | 0.22% | 360,256 | $38.4M | Add +47.1% |
| COO The Cooper Cos Inc. | 0.22% | 465,497 | $38.2M | New |
| AWI Armstrong World Industries | 0.22% | 199,465 | $38.1M | Add +97.0% |
| RSG Republic Services Inc. | 0.22% | 178,239 | $37.8M | Add +6409.8% |
| CBSH Commerce Bancshares Inc. | 0.21% | 720,493 | $37.7M | Add +43.6% |
| MSI Motorola Solutions Inc. | 0.21% | 98,258 | $37.7M | New |
| EOG EOG Resources Inc. | 0.21% | 355,300 | $37.3M | Add +6.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.21% | 982,227 | $37.3M | New |
| DVA Davita Inc. | 0.21% | 324,246 | $36.8M | Add +209.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.21% | 108,792 | $36.5M | Add +23.3% |
| ITT Itt Inc. | 0.21% | 209,889 | $36.4M | Add +334.2% |
| SNAP Snap Inc. Class A | 0.20% | 4,437,521 | $35.8M | Add +0.5% |
| RPRX Royalty Pharma PLC Class A | 0.20% | 924,819 | $35.7M | Add +7.1% |
| LEN Lennar Corp. Class A | 0.20% | 345,372 | $35.5M | New |
| IBKR Interactive Brokers Gro Class A | 0.20% | 551,744 | $35.5M | New |
| VRSN Verisign Inc. | 0.20% | 145,316 | $35.3M | Add +55.5% |
| XLB SS Materials Select Sector | 0.20% | 776,486 | $35.2M | Add +152.0% |
| NXT Nextpower Inc. | 0.20% | 403,073 | $35.1M | Add +134.2% |
| FSS Federal Signal Corp. | 0.20% | 321,830 | $34.9M | Add +21.3% |
| BYD Boyd Gaming Corp. | 0.20% | 407,575 | $34.7M | Add +215.4% |
| CPRT Copart Inc. | 0.20% | 881,067 | $34.5M | Add +139.0% |
| EHC Encompass Health Corp. | 0.20% | 324,786 | $34.5M | Add +54.1% |
| ABNB Airbnb Inc. Class A | 0.20% | 253,000 | $34.3M | Reduce -43.3% |
| DECK Deckers Outdoor Corp. | 0.19% | 327,375 | $33.9M | Add +123.3% |
| ESNT Essent Group Ltd. | 0.19% | 513,652 | $33.4M | Add +17.3% |
| HLNE Hamilton Lane Inc. Class A | 0.19% | 247,137 | $33.2M | Reduce -2.0% |
| ADSK Autodesk Inc. | 0.19% | 112,000 | $33.2M | New |
| MTG Mgic Investment Corp. | 0.19% | 1,113,207 | $32.5M | Add +61.9% |
| PFE Pfizer Inc. | 0.18% | 1,301,716 | $32.4M | Add +618.3% |
| RIVN Rivian Automotive Inc. Class A | 0.18% | 1,640,001 | $32.3M | New |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.18% | 735,187 | $32.1M | Add +243.8% |
Options reported separately and not counted above: IWM puts ($6.9B), IWM calls ($2.3B), QQQ puts ($2.1B), QQQ calls ($1.8B), NVDA puts ($641.3M), SPY puts ($613.7M), XLE puts ($553.2M), SPY calls ($518.3M), XLU puts ($470.7M), AAPL puts ($431.0M), EEM puts ($427.2M), MSFT puts ($412.9M), and 1853 more.
Other holdings (18): bonds, preferreds, convertibles and warrants · $691.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 88,350,000 | $78.8M | Add +20.4% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 69,150,000 | $63.9M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 49,000,000 | $63.7M | Add +11.4% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 68,000,000 | $62.3M | Reduce -2.2% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 64,500,000 | $62.0M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 56,203,000 | $56.7M | No change |
| IREN LTD (IREN 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 20,218,000 | $49.8M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 50,500,000 | $49.5M | No change |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 43,250,000 | $47.7M | New |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 31,000,000 | $46.1M | Add +67.6% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 42,500,000 | $44.8M | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 20,000,000 | $28.0M | No change |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 23,540,000 | $22.1M | No change |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 200,000 | $10.9M | New |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 30,000 | $1.5M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 1,500,000 | $1.4M | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 276,456 | $1.2M | Add +0.7% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 2,000 | $728K | No change |
Total filed on the 13F, all lines: $18.2B.
Portfolio Sells Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -69.4% | 1.73% | −4.77 |
| IBIT iShares Bitcoin Trust ETF | Reduce -80.4% | 0.16% | −1.12 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −1.09 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.95 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.90 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.56 |
| KDP Keurig Dr Pepper Inc. | Reduce -95.6% | 0.02% | −0.56 |
| XLE SS Energy Select Sector | Reduce -85.0% | 0.07% | −0.49 |
| FCX Freeport-McMoran Inc. | Reduce -98.3% | 0.01% | −0.48 |
| MRUS Merus NV | Sold out | 0.00% | −0.46 |
| TXN Texas Instruments Inc. | Reduce -79.0% | 0.09% | −0.45 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.44 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.41 |
| WDC Western Digital Corp. | Reduce -99.6% | 0.00% | −0.39 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.36 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.35 |
| BMY Bristol-Myers Squibb Co. | Reduce -97.2% | 0.01% | −0.35 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.35 |
| PTC PTC Inc. | Reduce -72.2% | 0.09% | −0.34 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.34 |
| ZTS Zoetis Inc. | Reduce -82.1% | 0.05% | −0.32 |
| SPGI S&P Global Inc. | Reduce -78.1% | 0.08% | −0.32 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.32 |
| MCHP Microchip Technology Inc. | Reduce -83.3% | 0.05% | −0.31 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.30 |
| CRH CRH PLC | Sold out | 0.00% | −0.30 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.29 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.28 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.28 |
| SOFI Sofi Technologies Inc. | Reduce -83.1% | 0.04% | −0.26 |
| W Wayfair Inc. Class A | Reduce -65.0% | 0.12% | −0.25 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.24 |
| GOOG Alphabet Inc. Class C | Reduce -70.3% | 0.12% | −0.24 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.23 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.23 |
| PM Philip Morris International | Sold out | 0.00% | −0.23 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.22 |
| WAB Wabtec Corp. | Reduce -90.0% | 0.02% | −0.22 |
| BA The Boeing Co. | Reduce -91.4% | 0.02% | −0.22 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.22 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.22 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.21 |
| ANET Arista Networks Inc. | Reduce -40.7% | 0.17% | −0.21 |
| MO Altria Group Inc. | Reduce -47.5% | 0.13% | −0.20 |
| TMUS T-Mobile US Inc. | Reduce -3.6% | 0.46% | −0.20 |
| CIFR Cipher Digital Inc. | Reduce -95.4% | 0.01% | −0.19 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.19 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.19 |
| QRVO Qorvo Inc. | Reduce -88.3% | 0.02% | −0.19 |
| CRWV Coreweave Inc. Class A | Reduce -69.5% | 0.03% | −0.19 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Add +7089.9% | 5.45% | +5.37 |
| GOOGL Alphabet Inc. Class A | New | 1.36% | +1.36 |
| EXAS Exact Sciences Corp. | Add +13154.5% | 1.15% | +1.14 |
| EA Electronic Arts Inc. | Add +88683.3% | 1.03% | +1.03 |
| SEE Sealed Air Corp. | New | 0.99% | +0.99 |
| AMZN Amazon.com Inc. | Add +94.3% | 2.06% | +0.87 |
| NVDA Nvidia Corp. | Add +81.3% | 2.27% | +0.80 |
| MS Morgan Stanley | Add +6494.8% | 0.72% | +0.71 |
| MSFT Microsoft Corp. | Add +95.9% | 1.98% | +0.71 |
| IWM iShares Russell 2000 ETF | Add +456.8% | 0.87% | +0.69 |
| CFLT Confluent Inc. Class A | Add +6555.9% | 0.68% | +0.67 |
| KVUE Kenvue Inc. | Add +14731.4% | 0.67% | +0.67 |
| UNH Unitedhealth Group Inc. | Add +13213.0% | 0.65% | +0.65 |
| HOLX Hologic Inc. | Add +634.2% | 0.68% | +0.58 |
| JPM JPMorgan Chase & Co. | New | 0.55% | +0.55 |
| CMA Comerica Inc. | Add +3907.1% | 0.55% | +0.54 |
| AMD Advanced Micro Devices | New | 0.53% | +0.53 |
| CVX Chevron Corp. | Add +405.1% | 0.54% | +0.41 |
| LIN Linde PLC | Add +449.8% | 0.49% | +0.37 |
| WDAY Workday Inc. Class A | New | 0.37% | +0.37 |
| AVDL Avadel Pharmaceuticals Ltd. | Add +6717.6% | 0.37% | +0.36 |
| MCD McDonald's Corp. | New | 0.36% | +0.36 |
| URI United Rentals Inc. | Add +520.9% | 0.46% | +0.36 |
| NTRA Natera Inc. | Add +1312.2% | 0.35% | +0.33 |
| NOW ServiceNow Inc. | New | 0.33% | +0.33 |
| NFLX Netflix Inc. | Add +147.7% | 0.84% | +0.33 |
| GS Goldman Sachs Group Inc. | New | 0.33% | +0.33 |
| BLK BlackRock Inc. | New | 0.32% | +0.32 |
| GLD SPDR Gold Shares | Add +49.1% | 1.08% | +0.32 |
| LVS Las Vegas Sands Corp. | Add +115.2% | 0.57% | +0.31 |
| CCL Carnival Corp. | New | 0.31% | +0.31 |
| RNAM Avidity Biosciences Inc. | New | 0.30% | +0.30 |
| LLY Eli Lilly & Co. | New | 0.29% | +0.29 |
| BAC Bank of America Corp. | New | 0.28% | +0.28 |
| CDNS Cadence Design SYS Inc. | New | 0.28% | +0.28 |
| ETN Eaton Corp. PLC | New | 0.27% | +0.27 |
| XLC SS Comm Select Sector SPDR | Add +5743.8% | 0.27% | +0.26 |
| CLF Cleveland-Cliffs Inc. | Add +506.4% | 0.32% | +0.26 |
| TER Teradyne Inc. | New | 0.25% | +0.25 |
| A Agilent Technologies Inc. | New | 0.22% | +0.22 |
| HOOD Robinhood Markets Inc. Class A | New | 0.22% | +0.22 |
| COO The Cooper Cos Inc. | New | 0.22% | +0.22 |
| MSI Motorola Solutions Inc. | New | 0.21% | +0.21 |
| TTD Trade Desk Inc./the Class A | New | 0.21% | +0.21 |
| RSG Republic Services Inc. | Add +6409.8% | 0.22% | +0.21 |
| MEDP Medpace Holdings Inc. | Add +287.8% | 0.29% | +0.21 |
| LEN Lennar Corp. Class A | New | 0.20% | +0.20 |
| IBKR Interactive Brokers Gro Class A | New | 0.20% | +0.20 |
| ADSK Autodesk Inc. | New | 0.19% | +0.19 |
| SYK Stryker Corp. | Add +232.9% | 0.30% | +0.19 |
Options Activity Q3 2025 → Q4 2025
| IWM iShares Russell 2000 ETF | put | Reduce -18.3% | 28,061,100 | $6.9B |
| IWM iShares Russell 2000 ETF | call | Reduce -31.6% | 9,179,300 | $2.3B |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -8.3% | 3,421,200 | $2.1B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -14.7% | 2,973,400 | $1.8B |
| NVDA Nvidia Corp. | put | Add +316.1% | 3,438,400 | $641.3M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +7158.1% | 900,000 | $613.7M |
| XLE SS Energy Select Sector | put | Reduce -0.3% | 12,373,800 | $553.2M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -79.2% | 760,000 | $518.3M |
| XLU St Sr Utl SL SE SPDR ETF-Usd | put | Add +10.5% | 11,026,600 | $470.7M |
| AAPL Apple Inc. | put | Add +656.3% | 1,585,200 | $431.0M |
| EEM iShares MSCI Emerging Market | put | Add +56.3% | 7,809,300 | $427.2M |
| MSFT Microsoft Corp. | put | Add +1320.6% | 853,800 | $412.9M |
| GOOGL Alphabet Inc. Class A | put | Add +273.4% | 1,176,100 | $368.1M |
| AMZN Amazon.com Inc. | put | Add +1516.5% | 1,474,200 | $340.3M |
| META Meta Platforms Inc. Class A | put | Add +366.9% | 480,900 | $317.4M |
| XLF SS Financial Select Sector | put | Reduce -3.9% | 5,599,600 | $306.7M |
| KRE SS SPDR S&P Regional Bank | put | Add +24.7% | 4,700,800 | $304.7M |
| META Meta Platforms Inc. Class A | call | Add +575.6% | 454,000 | $299.7M |
| XLE SS Energy Select Sector | call | Reduce -15.9% | 6,316,300 | $282.4M |
| MSFT Microsoft Corp. | call | Add +171.3% | 526,000 | $254.4M |
| FXI iShares China Large-Cap ETF | put | Reduce -35.4% | 6,058,200 | $232.0M |
| AAPL Apple Inc. | call | Add +17.2% | 850,800 | $231.3M |
| GOOGL Alphabet Inc. Class A | call | Reduce -1.1% | 693,600 | $217.1M |
| GOOG Alphabet Inc. Class C | put | Add +678.8% | 637,800 | $200.1M |
| KWEB Kranesh Csi China Internet | call | Add +44.5% | 5,746,500 | $195.7M |
| FXI iShares China Large-Cap ETF | call | Reduce -45.4% | 5,095,100 | $195.1M |
| GLD SPDR Gold Shares | call | Add +90.1% | 484,700 | $192.1M |
| XLK SS Technology Select Sector | put | Add +50.1% | 1,316,000 | $189.5M |
| XLF SS Financial Select Sector | call | Add +9.5% | 3,401,300 | $186.3M |
| EEM iShares MSCI Emerging Market | call | Reduce -38.5% | 3,354,900 | $183.5M |
| GOOG Alphabet Inc. Class C | call | Add +251.0% | 507,200 | $159.2M |
| AMD Advanced Micro Devices | put | Reduce -21.4% | 708,400 | $151.7M |
| NFLX Netflix Inc. | put | Add +384.9% | 1,609,800 | $150.9M |
| CAT Caterpillar Inc. | call | Reduce -0.6% | 221,400 | $126.8M |
| UNH Unitedhealth Group Inc. | put | Reduce -55.1% | 383,100 | $126.5M |
| KWEB Kranesh Csi China Internet | put | Add +294.6% | 3,669,400 | $124.9M |
| GLD SPDR Gold Shares | put | Add +1401.5% | 300,300 | $119.0M |
| MU Micron Technology Inc. | call | Reduce -68.1% | 415,000 | $118.4M |
| NVDA Nvidia Corp. | call | Reduce -56.0% | 622,800 | $116.2M |
| MU Micron Technology Inc. | put | Reduce -52.1% | 393,700 | $112.4M |
| EWY iShares MSCI South Korea ETF | call | Sold out | 1,388,200 | $111.2Mbefore exit |
| TSLA Tesla Inc. | put | Add +174.1% | 243,100 | $109.3M |
| CVX Chevron Corp. | put | Add +62.0% | 711,700 | $108.5M |
| NFLX Netflix Inc. | call | Reduce -8.9% | 1,155,200 | $108.3M |
| GDX Vaneck Gold Miners ETF | put | Reduce -3.8% | 1,212,300 | $104.0M |
| SMH Vaneck Semiconductor ETF | put | Add +40.6% | 287,400 | $103.5M |
| ADBE Adobe Inc. | call | Reduce -57.9% | 272,600 | $95.4M |
| XLI SS Industrial Select Sector | call | Add +20.0% | 600,000 | $93.1M |
| CSCO Cisco Systems Inc. | put | Add +738.4% | 1,204,000 | $92.7M |
| MCD McDonald's Corp. | put | Add +1148.3% | 302,100 | $92.3M |
Showing the first 50 of 2,121.
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
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +20.4% | 88,350,000 | $78.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +11.4% | 49,000,000 | $63.7M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Reduce -2.2% | 68,000,000 | $62.3M |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | New | 64,500,000 | $62.0M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 68,680,000 | $60.4Mbefore exit |
| IREN LTD (IREN 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | New | 20,218,000 | $49.8M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | New | 43,250,000 | $47.7M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Add +67.6% | 31,000,000 | $46.1M |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 42,500,000 | $44.8M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 15,000,000 | $15.2Mbefore exit |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | New | 200,000 | $10.9M |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | New | 30,000 | $1.5M |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | Add +0.7% | 276,456 | $1.2M |
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 | 1,672 | $24.2B | IVV, TSM, MSFT, NVDA, MU |
| Q1 2026 | 1,643 | $18.6B | SPY, EA, MSFT, TSLA, WBS |
| Q4 2025 | 1,539 | $17.5B | IVV, NVDA, QQQ, AMZN, MSFT |
| Q3 2025Amended | 1,483 | $14.9B | SPY, QQQ, NVDA, IBIT, MSFT |
| Q2 2025 | 1,496 | $13.2B | SPY, IBIT, FYBR, SPR, AAPL |
| Q1 2025 | 1,469 | $11.2B | IWM, IBIT, K, FYBR, SPR |
| Q4 2024 | 1,470 | $9.4B | IBIT, XLE, IVV, IWM, K |
| Q3 2024 | 1,495 | $9.1B | SPY, NVDA, IBIT, IWM, INFN |
| Q2 2024 | 1,452 | $8.9B | SPY, AAPL, BMY, MSFT, EDR |
| Q1 2024 | 1,404 | $8.2B | PXD, SPY, UNH, MU, ZTS |