In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Ulysses Management LLC reported 37 stock positions worth $429.4 million . Its top holding was Microsoft (MSFT) at 17.3% of the portfolio, followed by Amazon.com (AMZN, 13.2% ) and Uber Technologies (UBER, 12.5% ). Compared with Q2 2025, it opened 9 new positions, sold out of 13, added to 7 and reduced 8. The biggest buy was Henry Schein (HSIC, shares +45% ) and the biggest sale an exit from Api (APG).
Location New York, NY
CIK 0001510912
Portfolio Value $429.4M (Q3 2025) Holdings 37 stocks · $429.4M 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 Q2 2025 MSFT Microsoft Corp. 143,774 $74.5M No change AMZN Amazon.com Inc. 257,500 $56.5M No change UBER Uber Technologies Inc. 548,900 $53.8M No change HSIC Henry Schein Inc. 654,858 $43.5M Add +44.6% TRMB Trimble Inc. 369,798 $30.2M Reduce -10.8% BALL Ball Corp. 575,000 $29.0M No change SMWB Similarweb Ltd. 2,998,474 $27.9M No change CSGP Costar Group Inc. 270,500 $22.8M No change CCOI Cogent Communications Holdin 335,982 $12.9M Reduce -9.7% ANGI Angi Inc. 596,279 $9.7M No change WDAY Workday Inc. Class A 39,993 $9.6M Reduce -46.7% PPLI People Inc. filed as IAC INC 274,029 $9.3M Reduce -22.4% DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 224,441 $6.7M No change UNF Unifirst Corp. 27,981 $4.7M Add +26.4% KRE SS SPDR S&P Regional Bank 70,000 $4.4M Add +7.7% JPM JPMorgan Chase & Co. 13,000 $4.1M No change PACK Ranpak Holdings Corp. 692,285 $3.9M No change EMBJ Embraer SA-Spon ADR 50,000 $3.0M Add +25.0% GLD SPDR Gold Shares 8,500 $3.0M Add +30.8% NTB Bank of N.T. Butterfield&son 60,407 $2.6M No change GS Goldman Sachs Group Inc. 3,000 $2.4M No change AXP American Express Co. 5,000 $1.7M Add +25.0% GOOGL Alphabet Inc. Class A 5,500 $1.3M Reduce -52.2% ET Energy Transfer LP 75,000 $1.3M No change NEM Newmont Corp. 15,000 $1.3M New SSYS Stratasys Ltd. 100,000 $1.1M Reduce -16.7% GEV GE Vernova Inc. 1,700 $1.0M Reduce -75.7% CRWD CrowdStrike Holdings Inc. Class A 2,000 $981K New WBS Webster Financial Corp. 15,000 $892K New FSLR First Solar Inc. 4,000 $882K New KBWB Invesco KBW Bank ETF 10,000 $782K New BAC Bank of America Corp. filed as BANK AMERICA CORP 15,000 $774K New RRX Regal Rexnord Corp. 5,000 $717K New VRT Vertiv Holdings Co. Class A 4,000 $603K Add +33.3% FCX Freeport-McMoran Inc. 15,000 $588K New GDOT Green Dot Corp. Class A 40,000 $537K New HOOD Robinhood Markets Inc. Class A 3,000 $430K Reduce -40.0%
Options reported separately and not counted above: SPY puts ($672.8M), QQQ puts ($168.1M), BALL calls ($23.2M), TSM calls ($23.0M), HSIC calls ($12.9M), MSFT puts ($10.4M), AMZN calls ($9.3M), AAPL calls ($7.6M), NVDA calls ($4.2M), IWM calls ($1.3M), COIN calls ($844K), CSX calls ($710K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $4K (not counted above) Security Class Shares / Principal Value Change TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 45,000 $4K No change
Total filed on the 13F, all lines: $429.4M.
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ APG Api Group Corp. Sold out 0.00% −4.13 AMRZ Amrize Ltd. Sold out 0.00% −2.67 WDAY Workday Inc. Class A Reduce -46.7% 2.24% −1.64 CCOI Cogent Communications Holdin Reduce -9.7% 3.00% −0.87 ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.86 PPLI People Inc. Reduce -22.4% 2.17% −0.67 GEV GE Vernova Inc. Reduce -75.7% 0.24% −0.56 BANC Banc of California Inc. Sold out 0.00% −0.30 AVGO Broadcom Inc. Sold out 0.00% −0.30 NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −0.27 WAL Western Alliance Bancorp Sold out 0.00% −0.25 TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.17 TKR Timken Co. Sold out 0.00% −0.16 OPAD Offerpad Solutions Inc. Sold out 0.00% −0.15 GOOGL Alphabet Inc. Class A Reduce -52.2% 0.31% −0.13 VST Vistra Corp. Sold out 0.00% −0.13 IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.07 COHR Coherent Corp. Sold out 0.00% −0.06 SSYS Stratasys Ltd. Reduce -16.7% 0.26% −0.04 HOOD Robinhood Markets Inc. Class A Reduce -40.0% 0.10% −0.00 TRMB Trimble Inc. Reduce -10.8% 7.03% +0.23
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ HSIC Henry Schein Inc. Add +44.6% 10.12% +2.99 NEM Newmont Corp. New 0.29% +0.29 GLD SPDR Gold Shares Add +30.8% 0.70% +0.28 CRWD CrowdStrike Holdings Inc. Class A New 0.23% +0.23 EMBJ Embraer SA-Spon ADR Add +25.0% 0.70% +0.21 WBS Webster Financial Corp. New 0.21% +0.21 FSLR First Solar Inc. New 0.21% +0.21 KRE SS SPDR S&P Regional Bank Add +7.7% 1.03% +0.20 UNF Unifirst Corp. Add +26.4% 1.09% +0.19 KBWB Invesco KBW Bank ETF New 0.18% +0.18 BAC Bank of America Corp. New 0.18% +0.18 RRX Regal Rexnord Corp. New 0.17% +0.17 FCX Freeport-McMoran Inc. New 0.14% +0.14 GDOT Green Dot Corp. Class A New 0.13% +0.13 AXP American Express Co. Add +25.0% 0.39% +0.11 VRT Vertiv Holdings Co. Class A Add +33.3% 0.14% +0.06
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +102.0% 1,010,000 $672.8M QQQ Invesco QQQ Trust Series 1 put Add +107.4% 280,000 $168.1M BALL Ball Corp. call Reduce -25.0% 460,000 $23.2M HSIC Henry Schein Inc. call Reduce -51.4% 194,400 $12.9M MSFT Microsoft Corp. put New 20,000 $10.4M AMZN Amazon.com Inc. call Add +26.9% 42,500 $9.3M AAPL Apple Inc. call Reduce -33.3% 30,000 $7.6M NVDA Nvidia Corp. call Reduce -86.8% 22,500 $4.2M DE Deere & Co. call Sold out 6,500 $3.3Mbefore exit META Meta Platforms Inc. Class A call Sold out 4,000 $3.0Mbefore exit KBWB Invesco KBW Bank ETF call Sold out 25,000 $1.8Mbefore exit C Citigroup Inc. call Sold out 20,000 $1.7Mbefore exit IWM iShares Russell 2000 ETF call Reduce -60.0% 20,000 $1.3M COIN Coinbase Global Inc. Class A call New 2,500 $844K CSX CSX Corp. call New 20,000 $710K
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 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