In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Ulysses Management LLC reported 41 stock positions worth $430.4 million . Its top holding was Microsoft (MSFT) at 15.9% of the portfolio, followed by Amazon.com (AMZN, 13.6% ) and Uber Technologies (UBER, 8.0% ). Compared with Q3 2024, it opened 11 new positions, sold out of 7, added to 6 and reduced 15. The biggest buy was a new position in Workday Class A (WDAY) and the biggest sale an exit from Sherwin-Williams (SHW).
Location New York, NY
CIK 0001510912
Portfolio Value $430.4M (Q4 2024) Holdings 41 stocks · $430.4M 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 Q3 2024 MSFT Microsoft Corp. 162,754 $68.6M Reduce -0.1% AMZN Amazon.com Inc. 267,500 $58.7M Reduce -3.6% UBER Uber Technologies Inc. 573,900 $34.6M Add +9.5% SMWB Similarweb Ltd. 2,283,228 $32.4M No change BALL Ball Corp. 575,000 $31.7M Add +15.0% CCOI Cogent Communications Holdin 372,166 $28.7M Add +9.6% TRMB Trimble Inc. 394,798 $27.9M Add +51.8% PPLI People Inc. filed as IAC INC 609,624 $26.3M Reduce -0.7% WSC Willscot Holdings Corp. 508,359 $17.0M Add +21.0% WDAY Workday Inc. Class A 55,000 $14.2M New APG Api Group Corp. 375,250 $13.5M No change UNF Unifirst Corp. 48,618 $8.3M New DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 214,441 $6.6M Reduce -15.4% ARMK Aramark 144,500 $5.4M Reduce -68.8% KRE SS SPDR S&P Regional Bank 80,000 $4.8M No change PACK Ranpak Holdings Corp. 692,285 $4.8M No change ANGI Angi Inc. 2,761,677 $4.6M No change CTLP Cantaloupe Inc. 400,000 $3.8M Reduce -76.4% NTB Bank of N.T. Butterfield&son 100,000 $3.7M No change ASML ASML Holding NV-NY Reg SHS 5,000 $3.5M New GOOGL Alphabet Inc. Class A 17,000 $3.2M Reduce -22.7% JPM JPMorgan Chase & Co. 13,000 $3.1M No change GLD SPDR Gold Shares 10,500 $2.5M Add +61.5% OPAD Offerpad Solutions Inc. 771,885 $2.2M No change FCNCA First Citizens Bcshs Class A 1,000 $2.1M Reduce -47.4% EMBJ Embraer SA-Spon ADR 55,000 $2.0M New SMH Vaneck Semiconductor ETF 7,500 $1.8M New MDT Medtronic PLC 20,000 $1.6M New GS Goldman Sachs Group Inc. 2,500 $1.4M Reduce -58.3% TGI Triumph Group Inc. 75,000 $1.4M Reduce -25.0% XBI SS SPDR S&P Biotech ETF 15,000 $1.4M Reduce -30.2% TKR Timken Co. 18,000 $1.3M New AXP American Express Co. 4,000 $1.2M New KBE SS SPDR S&P Bank ETF 19,000 $1.1M New MTRN Materion Corp. 10,000 $989K Reduce -2.8% GEV GE Vernova Inc. 3,000 $987K No change AAPL Apple Inc. 3,500 $876K Reduce -30.0% C Citigroup Inc. 12,000 $845K New TECK Teck Resources Ltd.-CLS B 15,000 $608K Reduce -70.0% FSLR First Solar Inc. 2,500 $441K Reduce -58.3% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 35,000 $363K New
Options reported separately and not counted above: SPY puts ($58.6M), MSFT puts ($46.4M), MTUM puts ($41.4M), TRMB calls ($14.1M), QQQ puts ($12.8M), ARKK puts ($8.5M), AAPL calls ($6.9M), AMZN calls ($4.1M), NVDA calls ($1.3M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $16K (not counted above) Security Class Shares / Principal Value Change TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 45,000 $14K Reduce -50.0% INNOVID CORP *W EXP 11/30/202 11,000 $1K Reduce -50.4%
Total filed on the 13F, all lines: $430.4M.
Portfolio Sells Q3 2024 → Q4 2024 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ SHW The Sherwin-Williams Co. Sold out 0.00% −3.94 ARMK Aramark Reduce -68.8% 1.25% −2.86 CTLP Cantaloupe Inc. Reduce -76.4% 0.88% −1.99 TTWO Take-Two Interactive Softwre Sold out 0.00% −1.93 PPLI People Inc. Reduce -0.7% 6.11% −1.46 IWM iShares Russell 2000 ETF Sold out 0.00% −0.51 TECK Teck Resources Ltd.-CLS B Reduce -70.0% 0.14% −0.46 GS Goldman Sachs Group Inc. Reduce -58.3% 0.33% −0.35 FCNCA First Citizens Bcshs Class A Reduce -47.4% 0.49% −0.31 META Meta Platforms Inc. Class A Sold out 0.00% −0.26 MP MP Materials Corp. Sold out 0.00% −0.26 COP Conocophillips Sold out 0.00% −0.24 FSLR First Solar Inc. Reduce -58.3% 0.10% −0.24 XLE SS Energy Select Sector Sold out 0.00% −0.20 XBI SS SPDR S&P Biotech ETF Reduce -30.2% 0.31% −0.17 DCOM Dime Commercial Bancshares I Reduce -15.4% 1.53% −0.14 MSFT Microsoft Corp. Reduce -0.1% 15.94% −0.13 GOOGL Alphabet Inc. Class A Reduce -22.7% 0.75% −0.09 AAPL Apple Inc. Reduce -30.0% 0.20% −0.06 MTRN Materion Corp. Reduce -2.8% 0.23% −0.03 TGI Triumph Group Inc. Reduce -25.0% 0.33% +0.03 AMZN Amazon.com Inc. Reduce -3.6% 13.64% +1.78
Portfolio Buys Q3 2024 → Q4 2024 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ WDAY Workday Inc. Class A New 3.30% +3.30 TRMB Trimble Inc. Add +51.8% 6.48% +2.78 UNF Unifirst Corp. New 1.93% +1.93 ASML ASML Holding NV-NY Reg SHS New 0.81% +0.81 CCOI Cogent Communications Holdin Add +9.6% 6.66% +0.76 EMBJ Embraer SA-Spon ADR New 0.47% +0.47 SMH Vaneck Semiconductor ETF New 0.42% +0.42 MDT Medtronic PLC New 0.37% +0.37 WSC Willscot Holdings Corp. Add +21.0% 3.95% +0.33 TKR Timken Co. New 0.30% +0.30 AXP American Express Co. New 0.28% +0.28 KBE SS SPDR S&P Bank ETF New 0.24% +0.24 GLD SPDR Gold Shares Add +61.5% 0.59% +0.23 C Citigroup Inc. New 0.20% +0.20 NU Nu Holdings Ltd./Cayman Isl-A New 0.08% +0.08 BALL Ball Corp. Add +15.0% 7.37% −0.42 UBER Uber Technologies Inc. Add +9.5% 8.04% −0.98
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -83.3% 100,000 $58.6M MSFT Microsoft Corp. put Reduce -12.0% 110,000 $46.4M MTUM iShares MSCI USA Momentum Fa put New 200,000 $41.4M AAPL Apple Inc. put Sold out 120,000 $28.0Mbefore exit TRMB Trimble Inc. call New 200,000 $14.1M USO United States Oil Fund LP call Sold out 200,000 $14.0Mbefore exit QQQ Invesco QQQ Trust Series 1 put Reduce -86.8% 25,000 $12.8M WSC Willscot Holdings Corp. put Sold out 247,500 $9.3Mbefore exit ARKK ARK Innovation ETF put New 150,000 $8.5M AAPL Apple Inc. call Reduce -84.5% 27,500 $6.9M AMZN Amazon.com Inc. call Reduce -87.7% 18,500 $4.1M ECHO Echostar Corp. Class A put Sold out 150,000 $3.7Mbefore exit XLE SS Energy Select Sector call Sold out 25,000 $2.2Mbefore exit NVDA Nvidia Corp. call Reduce -33.3% 10,000 $1.3M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024 Security Class Change vs Q3 2024 Shares / Principal Value ▼ ACHR.WS Archer Aviation Inc. -CW26 *W EXP 09/16/202 Sold out 112,467 $40Kbefore exit TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 Reduce -50.0% 45,000 $14K INNOVID CORP *W EXP 11/30/202 Reduce -50.4% 11,000 $1K
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 31 $289.3M AMZN, HSIC, MSFT, BALL, SMWB Q1 2026 28 $265.5M AMZN, MSFT, HSIC, BALL, UBER Q4 2025 37 $381.5M MSFT, AMZN, HSIC, BALL, TRMB Q3 2025 37 $429.4M MSFT, AMZN, UBER, HSIC, TRMB Q2 2025 41 $463.6M MSFT, AMZN, UBER, HSIC, BALL Q1 2025 37 $395.6M MSFT, AMZN, UBER, BALL, PPLI Q4 2024 41 $430.4M MSFT, AMZN, UBER, SMWB, BALL Q3 2024 37 $436.3M MSFT, AMZN, UBER, BALL, PPLI Q2 2024 42 $416.2M MSFT, AMZN, UBER, BALL, PPLI Q1 2024 42 $461.8M MSFT, AMZN, UBER, BALL, PPLI