In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Ulysses Management LLC reported 28 stock positions worth $265.5 million . Its top holding was Amazon.com (AMZN) at 20.2% of the portfolio, followed by Microsoft (MSFT, 19.7% ) and Henry Schein (HSIC, 18.0% ). Compared with Q4 2025, it opened 3 new positions, sold out of 12, added to 5 and reduced 11. The biggest buy was Stratasys (SSYS, shares +640% ) and the biggest sale an exit from Costar (CSGP).
Location New York, NY
CIK 0001510912
Portfolio Value $265.5M (Q1 2026) Holdings 28 stocks · $265.5M 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 2025 AMZN Amazon.com Inc. 257,500 $53.6M No change MSFT Microsoft Corp. 141,367 $52.3M Reduce -1.7% HSIC Henry Schein Inc. filed as SCHEIN HENRY INC 649,858 $47.9M Reduce -2.3% BALL Ball Corp. 540,000 $31.9M Reduce -1.8% UBER Uber Technologies Inc. 271,700 $19.5M Reduce -10.6% SMWB Similarweb Ltd. 2,998,474 $7.8M No change DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 224,441 $7.6M No change TRMB Trimble Inc. 70,000 $4.6M Reduce -79.7% SSYS Stratasys Ltd. 555,000 $4.3M Add +640.0% JPM JPMorgan Chase & Co. 13,000 $3.8M Reduce -40.9% ANGI Angi Inc. 547,956 $3.8M Reduce -4.4% GLD SPDR Gold Shares 8,500 $3.7M Add +183.3% GS Goldman Sachs Group Inc. 3,000 $2.5M Reduce -33.3% PACK Ranpak Holdings Corp. 692,285 $2.5M No change NTB Bank of N.T. Butterfield&son 37,500 $2.0M Add +25.0% KRE SS SPDR S&P Regional Bank 30,000 $2.0M Reduce -25.0% EMBJ Embraer SA-Spon ADR 32,500 $1.9M Reduce -35.0% XBI SS SPDR S&P Biotech ETF 15,000 $1.9M No change GOOGL Alphabet Inc. Class A 6,000 $1.7M Add +200.0% USB US Bancorp 30,000 $1.6M Add +20.0% TMO Thermo Fisher Scientific Inc. 3,000 $1.5M No change FCX Freeport-McMoran Inc. 25,000 $1.5M Reduce -28.6% B Barrick Mining Corp. 35,000 $1.4M No change RKT Rocket Cos Inc. Class A 100,000 $1.4M New JNJ Johnson & Johnson 4,000 $978K No change PFSI Pennymac Financial Services 7,500 $656K New KRNT Kornit Digital Ltd. 40,000 $586K No change TECK Teck Resources Ltd.-CLS B 10,000 $518K New
Options reported separately and not counted above: SPY puts ($455.2M), TSM calls ($27.9M), HSIC calls ($18.8M), QQQ puts ($17.3M), AAPL calls ($7.6M), MSFT puts ($5.7M), AMZN calls ($4.2M).
Portfolio Sells Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▲ CSGP Costar Group Inc. Sold out 0.00% −5.83 TRMB Trimble Inc. Reduce -79.7% 1.72% −5.36 PPLI People Inc. Sold out 0.00% −2.11 UNF Unifirst Corp. Sold out 0.00% −2.03 TEAM Atlassian Corp. Class A Sold out 0.00% −0.85 SMH Vaneck Semiconductor ETF Sold out 0.00% −0.71 ANGI Angi Inc. Reduce -4.4% 1.41% −0.53 KBWB Invesco KBW Bank ETF Sold out 0.00% −0.42 JPM JPMorgan Chase & Co. Reduce -40.9% 1.44% −0.42 WBS Webster Financial Corp. Sold out 0.00% −0.33 AXP American Express Co. Sold out 0.00% −0.29 ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.28 APO Apollo Global Management Inc. Sold out 0.00% −0.19 DHR Danaher Corp. Sold out 0.00% −0.18 EMBJ Embraer SA-Spon ADR Reduce -35.0% 0.73% −0.12 GS Goldman Sachs Group Inc. Reduce -33.3% 0.96% −0.08 BLND Blend Labs Inc. Class A Sold out 0.00% −0.02 KRE SS SPDR S&P Regional Bank Reduce -25.0% 0.74% +0.06 FCX Freeport-McMoran Inc. Reduce -28.6% 0.55% +0.09 UBER Uber Technologies Inc. Reduce -10.6% 7.36% +0.85 MSFT Microsoft Corp. Reduce -1.7% 19.71% +1.49 BALL Ball Corp. Reduce -1.8% 12.02% +4.39 HSIC Henry Schein Inc. Reduce -2.3% 18.04% +4.87
Portfolio Buys Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▼ SSYS Stratasys Ltd. Add +640.0% 1.63% +1.46 GLD SPDR Gold Shares Add +183.3% 1.38% +1.07 RKT Rocket Cos Inc. Class A New 0.54% +0.54 GOOGL Alphabet Inc. Class A Add +200.0% 0.65% +0.49 NTB Bank of N.T. Butterfield&son Add +25.0% 0.74% +0.35 PFSI Pennymac Financial Services New 0.25% +0.25 USB US Bancorp Add +20.0% 0.59% +0.24 TECK Teck Resources Ltd.-CLS B New 0.19% +0.19
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 700,000 $455.2M BALL Ball Corp. call Sold out 460,000 $24.4Mbefore exit HSIC Henry Schein Inc. call Add +31.1% 254,900 $18.8M QQQ Invesco QQQ Trust Series 1 put New 30,000 $17.3M SPY SS SPDR S&P 500 ETF Trust-US call Sold out 22,500 $15.3Mbefore exit AAPL Apple Inc. call Reduce -52.0% 30,000 $7.6M MSFT Microsoft Corp. put Reduce -8.8% 15,500 $5.7M AMZN Amazon.com Inc. call Reduce -91.1% 20,000 $4.2M UNF Unifirst Corp. call Sold out 11,100 $2.1Mbefore exit GEV GE Vernova Inc. call Sold out 2,500 $1.6Mbefore exit GOOGL Alphabet Inc. Class A call Sold out 4,500 $1.4Mbefore exit
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 Security Class Change vs Q4 2025 Shares / Principal Value ▼ TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 Sold out 45,000 $2Kbefore exit
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