Verition Fund Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Verition Fund Management LLC reported 2,576 stock positions worth $17.6 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.9%) and Nvidia (NVDA, 3.8%). Compared with Q3 2025, it opened 227 new positions, sold out of 389, added to 851 and reduced 1,411. The biggest buy was Tesla (TSLA, shares +4274%) and the biggest sale Eli Lilly (LLY, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001454027
- Portfolio Value
- $17.6B (Q4 2025)
- SEC Filing
- 0001454027-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 2,576 stocks · $17.6B
| IVV iShares Core S&P 500 ETF | 7.31% | 1,880,628 | $1.3B | Add +25.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.90% | 1,267,366 | $864.2M | Add +199.9% |
| NVDA Nvidia Corp. | 3.83% | 3,618,977 | $674.9M | Add +24.1% |
| TSLA Tesla Inc. | 3.41% | 1,336,438 | $601.0M | Add +4274.3% |
| AMZN Amazon.com Inc. | 3.02% | 2,303,104 | $531.6M | Add +130.4% |
| WBD Warner Bros Discovery Inc. | 1.39% | 8,490,775 | $244.7M | Add +136.9% |
| MSFT Microsoft Corp. | 1.01% | 369,295 | $178.6M | Add +194.0% |
| CYBR Cyberark Software Ltd./Israel | 1.00% | 394,232 | $175.9M | Add +59.8% |
| NSC Norfolk Southern Corp. | 0.96% | 586,143 | $169.2M | Add +43.9% |
| AAPL Apple Inc. | 0.89% | 577,543 | $157.0M | Add +274.9% |
| EXAS Exact Sciences Corp. | 0.71% | 1,234,379 | $125.4M | Add +1452.6% |
| MU Micron Technology Inc. | 0.63% | 391,530 | $111.7M | Add +313.8% |
| PLTR Palantir Technologies Inc. Class A | 0.62% | 617,889 | $109.8M | Add +667.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.62% | 1,353,635 | $109.1M | Add +260.5% |
| ONB Old National Bancorp | 0.61% | 4,791,967 | $106.9M | Add +51.8% |
| EA Electronic Arts Inc. | 0.60% | 516,974 | $105.6M | Add +124.4% |
| IBIT iShares Bitcoin Trust ETF | 0.52% | 1,856,859 | $92.2M | Add +4.2% |
| BPOP Popular Inc. | 0.51% | 719,253 | $89.6M | Add +4.3% |
| RNR Renaissancere Holdings Ltd. | 0.43% | 267,024 | $75.1M | Reduce -11.0% |
| BRO Brown & Brown Inc. | 0.42% | 928,061 | $74.0M | Add +19.6% |
| ASB Associated Banc-Corp. | 0.42% | 2,867,172 | $73.9M | Add +50.6% |
| AON Aon PLC Class A | 0.42% | 207,562 | $73.2M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 0.42% | 233,895 | $73.2M | Add +183.1% |
| ALL Allstate Corp. | 0.41% | 346,384 | $72.1M | Add +41.0% |
| TRV The Travelers Cos Inc. | 0.41% | 248,444 | $72.1M | Reduce -3.3% |
| WSBC Wesbanco Inc. | 0.35% | 1,872,132 | $62.2M | Add +1.2% |
| WBS Webster Financial Corp. | 0.35% | 988,623 | $62.2M | Reduce -1.3% |
| INDB Independent Bank Corp. | 0.34% | 829,033 | $60.6M | Reduce -12.4% |
| BBT Beacon Financial Corp. | 0.34% | 2,270,482 | $59.9M | Add +177.2% |
| FHN First Horizon Corp. | 0.33% | 2,411,629 | $57.6M | Add +53.8% |
| KVUE Kenvue Inc. | 0.32% | 3,269,385 | $56.4M | Add +206.6% |
| CINF Cincinnati Financial Corp. | 0.32% | 341,193 | $55.7M | Add +6.5% |
| BEN Franklin Templeton Inc. | 0.29% | 2,176,436 | $52.0M | Add +74.0% |
| GTLS Chart Industries Inc. | 0.29% | 247,537 | $51.0M | Add +21.6% |
| TXNM TXNM Energy Inc. | 0.29% | 865,880 | $51.0M | Add +35.1% |
| WMT Walmart Inc. | 0.29% | 452,794 | $50.4M | Add +24.7% |
| BABA Alibaba Group Holding-SP ADR | 0.29% | 342,895 | $50.3M | New |
| SSB Southstate Bank Corp. | 0.28% | 532,971 | $50.2M | Add +40.0% |
| RNAM Avidity Biosciences Inc. | 0.28% | 680,721 | $49.1M | Add +1800.0% |
| XEL Xcel Energy Inc. | 0.27% | 653,440 | $48.3M | Reduce -3.8% |
| RGLD Royal Gold Inc. | 0.27% | 210,644 | $46.8M | Add +2.4% |
| CDTX Cidara Therapeutics Inc. | 0.26% | 210,329 | $46.5M | New |
| DAY Dayforce Inc. | 0.26% | 670,693 | $46.4M | Add +4827.2% |
| LOW Lowe's Cos Inc. | 0.26% | 191,756 | $46.2M | Add +228.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.25% | 143,925 | $43.7M | Add +143.5% |
| FNB FNB Corp. | 0.25% | 2,532,280 | $43.3M | Add +19.5% |
| HBAN Huntington Bancshares Inc. | 0.24% | 2,467,963 | $42.8M | Reduce -22.9% |
| LBRDK Liberty Broadband-C | 0.24% | 856,338 | $41.6M | Add +2.3% |
| ROST Ross Stores Inc. | 0.23% | 228,662 | $41.2M | Reduce -46.2% |
| USB US Bancorp | 0.23% | 764,867 | $40.8M | Reduce -1.4% |
| EWBC East West Bancorp Inc. | 0.23% | 359,113 | $40.4M | Add +138.8% |
| ELME Elme Communities | 0.23% | 2,315,319 | $40.3M | Add +17.1% |
| FBP First Bancorp Puerto Rico | 0.23% | 1,934,654 | $40.1M | Reduce -15.3% |
| SEE Sealed Air Corp. | 0.23% | 963,714 | $39.9M | Add +329.0% |
| CNP Centerpoint Energy Inc. | 0.23% | 1,034,468 | $39.7M | Add +79.9% |
| AMD Advanced Micro Devices | 0.22% | 183,191 | $39.2M | Add +70.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 697,566 | $38.4M | Reduce -37.7% |
| SHEL Shell PLC-ADR | 0.22% | 520,947 | $38.3M | Add +0.6% |
| TFC Truist Financial Corp. | 0.21% | 756,916 | $37.2M | Reduce -15.3% |
| AEP American Electric Power | 0.21% | 321,917 | $37.1M | Add +3417.1% |
| SIGI Selective Insurance Group | 0.21% | 440,506 | $36.9M | Add +1.5% |
| WDC Western Digital Corp. | 0.21% | 211,899 | $36.5M | Add +71.5% |
| GOOG Alphabet Inc. Class C | 0.20% | 111,927 | $35.1M | Add +184.2% |
| ULTA Ulta Beauty Inc. | 0.20% | 57,407 | $34.7M | Add +45.9% |
| LMT Lockheed Martin Corp. | 0.20% | 71,679 | $34.7M | Add +35.9% |
| C Citigroup Inc. | 0.20% | 295,357 | $34.5M | Reduce -3.5% |
| BCC Boise Cascade Co. | 0.19% | 458,192 | $33.7M | Add +10.4% |
| CAT Caterpillar Inc. | 0.19% | 57,891 | $33.2M | Add +184.2% |
| CWAN Clearwater Analytics HDS-A | 0.19% | 1,371,724 | $33.1M | Add +794.8% |
| CBSH Commerce Bancshares Inc. | 0.19% | 631,981 | $33.1M | Add +39.8% |
| KRE SS SPDR S&P Regional Bank | 0.18% | 495,033 | $32.1M | Reduce -2.5% |
| KBR KBR Inc. | 0.18% | 789,472 | $31.7M | Add +6.1% |
| AXTA Axalta Coating Systems Ltd. | 0.18% | 975,784 | $31.5M | Add +49.8% |
| MDLN Medline Inc. Class A | 0.18% | 750,000 | $31.5M | New |
| ETR Entergy Corp. | 0.17% | 328,787 | $30.4M | Add +9.9% |
| PEG Public Service Enterprise GP | 0.17% | 374,489 | $30.1M | Add +427.7% |
| JPM JPMorgan Chase & Co. | 0.17% | 93,042 | $30.0M | Add +8.8% |
| AEE Ameren Corporation | 0.16% | 286,031 | $28.6M | Add +40.7% |
| WTFC Wintrust Financial Corp. | 0.16% | 203,554 | $28.5M | Reduce -14.6% |
| HD Home Depot Inc. | 0.16% | 81,580 | $28.1M | Add +24.2% |
| LNG Cheniere Energy Inc. | 0.16% | 144,352 | $28.1M | Add +160.0% |
| UNP Union Pacific Corp. | 0.16% | 120,617 | $27.9M | Add +14.2% |
| B Barrick Mining Corp. | 0.16% | 633,875 | $27.6M | Reduce -39.2% |
| BG Bunge Global SA | 0.16% | 309,054 | $27.5M | Reduce -2.8% |
| CMI Cummins Inc. | 0.16% | 53,797 | $27.5M | Add +242.7% |
| CFLT Confluent Inc. Class A | 0.16% | 905,509 | $27.4M | Add +5.5% |
| GGAL Grupo Financiero Galicia-ADR | 0.15% | 493,044 | $26.6M | Reduce -27.9% |
| PNC PNC Financial Services Group | 0.15% | 126,725 | $26.5M | Reduce -8.4% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.15% | 2,025,927 | $26.4M | Add +586.4% |
| MS Morgan Stanley | 0.15% | 147,693 | $26.2M | Add +116.1% |
| NOW ServiceNow Inc. | 0.15% | 167,939 | $25.7M | Add +52.7% |
| MCD McDonald's Corp. | 0.14% | 83,256 | $25.4M | Reduce -61.0% |
| CVX Chevron Corp. | 0.14% | 164,861 | $25.1M | Add +23.8% |
| AMTM Amentum Holdings Inc. | 0.14% | 865,172 | $25.1M | Reduce -23.8% |
| KO The Coca-Cola Co. | 0.14% | 354,802 | $24.8M | Add +0.0% |
| GES Guess? Inc. | 0.14% | 1,478,976 | $24.8M | Add +5033.4% |
| EME Emcor Group Inc. | 0.14% | 40,273 | $24.6M | Add +54.4% |
| GLNG Golar LNG Ltd. | 0.14% | 659,812 | $24.6M | Reduce -1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 39,666 | $24.4M | Reduce -80.4% |
| MDB Mongodb Inc. | 0.14% | 57,745 | $24.2M | Reduce -18.6% |
Options reported separately and not counted above: NVDA puts ($626.2M), TSLA puts ($593.6M), AMZN puts ($471.1M), HYG puts ($386.0M), QQQ calls ($250.3M), IWM calls ($184.6M), AAPL puts ($162.7M), QQQ puts ($152.0M), IBIT puts ($136.1M), CMCSA calls ($128.0M), MSFT puts ($125.3M), WBD puts ($112.0M), and 697 more.
Other holdings (174): bonds, preferreds, convertibles and warrants · $872.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 90,000,000 | $74.1M | New |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 40,000,000 | $53.8M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 49,400,000 | $49.6M | Add +12.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 39,500,000 | $39.1M | No change |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 32,541,000 | $36.1M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 27,500,000 | $33.5M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 35,000,000 | $31.2M | Add +7.7% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 20,000,000 | $31.1M | Reduce -11.1% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 30,000,000 | $30.8M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 30,289,000 | $27.5M | No change |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 27,500,000 | $24.8M | Add +14.6% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 23,500,000 | $21.8M | Reduce -6.0% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 21,495,000 | $21.5M | Reduce -14.0% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 20,000,000 | $21.4M | No change |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 22,000,000 | $20.3M | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 20,000,000 | $19.2M | New |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 19,659,000 | $19.0M | Reduce -12.9% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 20,000,000 | $18.3M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 18,353,000 | $17.9M | Add +86.3% |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 18,000,000 | $17.1M | Reduce -10.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 15,000,000 | $17.0M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 15,000,000 | $14.9M | New |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 15,000,000 | $14.8M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 12,500,000 | $14.6M | No change |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 12,500,000 | $13.4M | No change |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 14,000,000 | $13.2M | No change |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 11,331,000 | $13.1M | Reduce -48.7% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 10,000,000 | $12.3M | No change |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 11,120,000 | $11.3M | No change |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 10,000,000 | $11.0M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 10,000,000 | $11.0M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 10,000,000 | $10.3M | New |
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | 11,071,000 | $10.2M | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 10,000,000 | $9.9M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 10,000,000 | $9.9M | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 10,000,000 | $9.8M | New |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 10,000,000 | $9.7M | Reduce -76.5% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 8,000,000 | $8.0M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 5,000,000 | $6.7M | New |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 6,000,000 | $5.5M | No change |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 5,000,000 | $4.9M | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 4,634,000 | $4.3M | Add +15.8% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 4,000,000 | $4.2M | New |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 5,000,000 | $4.2M | New |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 3,000,000 | $3.1M | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 2,000,000 | $2.4M | Reduce -50.0% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 2,000,000 | $1.8M | New |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 486,346 | $389K | Add +124.3% |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 706,605 | $375K | Add +22.9% |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 897,524 | $359K | No change |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 1,187,208 | $356K | Reduce -0.7% |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 370,471 | $324K | Add +15.6% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 73,244 | $323K | No change |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 1,286,344 | $322K | Add +0.8% |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 324,912 | $302K | Reduce -1.3% |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 1,176,771 | $282K | Reduce 0.0% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 302,805 | $273K | Reduce -23.9% |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 1,291,058 | $271K | No change |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 1,280,188 | $269K | No change |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | 726,482 | $254K | Add +63.0% |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 824,109 | $247K | Add +30.2% |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 472,388 | $222K | Add +0.5% |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 267,423 | $214K | Reduce -59.5% |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 688,100 | $214K | Add +148.9% |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 428,698 | $193K | Reduce -3.4% |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 373,799 | $178K | Reduce -2.5% |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 728,224 | $175K | Reduce -26.8% |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 468,421 | $173K | Add +73.2% |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 130,000 | $171K | No change |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 608,490 | $170K | Reduce -29.8% |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 676,619 | $169K | No change |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | 437,500 | $167K | New |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 461,303 | $161K | Reduce -2.4% |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 768,752 | $154K | No change |
| APADR A Paradise Acquisition Corp. | RIGHT 07/29/2025 | 600,000 | $150K | Reduce -44.8% |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | 914,103 | $150K | New |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 | 525,000 | $147K | New |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 175,000 | $144K | Reduce -46.7% |
| DYORW Insight Digital Partners II | *W EXP 10/28/203 | 431,800 | $142K | New |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 193,190 | $142K | Reduce -57.1% |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 447,995 | $139K | Reduce -0.7% |
| NSTR.WS Viking Acquisition Corp. I | *W EXP 11/03/203 | 328,056 | $138K | New |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | 198,697 | $135K | Reduce -20.5% |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 330,700 | $132K | Reduce -5.5% |
| APXTW Apex Treasury Corp. -30 | *W EXP 10/07/203 | 450,000 | $126K | New |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 326,195 | $121K | Reduce -28.9% |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 167,614 | $119K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 737,489 | $118K | Reduce -2.1% |
| GFUZW Spring Valley Acq Co. -30 | *W EXP 09/04/203 | 187,100 | $116K | Add +60.5% |
| MKLYR McKinley Acquisition Corp. | RIGHT 07/25/2030 | 999,800 | $110K | Reduce -9.1% |
| DNMXW Dynamix Corp. III | *W EXP 10/10/203 | 298,858 | $107K | New |
| LAFAR Lafayette Acquisition Corp. | RIGHT 10/24/2030 | 785,169 | $106K | New |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 244,051 | $100K | Reduce -57.1% |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 473,600 | $99K | No change |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | 346,926 | $97K | Reduce -1.7% |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 141,666 | $97K | No change |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | 148,620 | $97K | Add +85.8% |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 161,059 | $97K | Add +3.1% |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | 137,500 | $96K | New |
| LKSPR Lake Superior Acquisition Co. | RIGHT 09/19/2030 | 50,000 | $93K | New |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 351,718 | $91K | Add +40.7% |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 184,320 | $88K | Add +195.1% |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | 262,165 | $87K | New |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 238,700 | $84K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 300,000 | $82K | No change |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 | 291,625 | $79K | Add +6.0% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 323,679 | $74K | No change |
| IGACR Invest Green Acquisition-RTS | RIGHT 11/17/2030 | 388,737 | $74K | New |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 276,910 | $72K | Reduce -6.7% |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 372,516 | $71K | Reduce -6.9% |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 315,956 | $70K | Add +26.4% |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 211,110 | $65K | Add +29.8% |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 140,574 | $64K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 151,653 | $62K | Reduce -24.8% |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 230,000 | $62K | Reduce -9.3% |
| LATAW Galata Acquisition Corp. - 30 | *W EXP 09/12/203 | 150,094 | $60K | Reduce -6.8% |
| IAUX.WS I-80 Gold Corp. -26 | *W EXP 11/16/202 | 60,928 | $56K | New |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 145,005 | $54K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 104,495 | $53K | Add +18.4% |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 161,070 | $51K | Reduce -3.0% |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 50,000 | $49K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 87,000 | $48K | Reduce -17.0% |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 297,285 | $45K | Reduce -0.0% |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 | 160,836 | $44K | Add +60.8% |
| CHECW Chenghe Acquisition III Co. | *W EXP 09/09/203 | 217,158 | $43K | New |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 130,818 | $41K | Reduce -7.6% |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 13,420 | $40K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 250,000 | $40K | No change |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 159,051 | $40K | Add +8.9% |
| SOCAW Solarius Capital Acqui -30 | *W EXP 07/10/203 | 137,586 | $39K | New |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 150,000 | $38K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 78,795 | $35K | Add +104.3% |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | 233,013 | $35K | New |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 99,400 | $35K | No change |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 205,000 | $35K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 127,413 | $34K | Add +7.7% |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 157,044 | $34K | No change |
| JENA ACQUISITION CORP II-RTS | RIGHT 03/31/2030 | 147,982 | $29K | Reduce -70.4% |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 200,000 | $28K | Reduce -55.6% |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | 54,825 | $28K | Add +16.9% |
| GIWWR GIGCAPITAL8 Corp.-RTS | RIGHT 09/30/2030 | 87,500 | $27K | New |
| APACR Stonebridge Acquisition II C | RIGHT 09/09/2030 | 200,000 | $24K | No change |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | 100,000 | $23K | No change |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 39,600 | $23K | Reduce -45.7% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 150,000 | $23K | No change |
| YCY.WS Aa Mission Acquisition -31 | *W EXP 07/23/203 | 109,953 | $22K | New |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 24,352 | $17K | No change |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 51,150 | $17K | Reduce -10.0% |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 65,294 | $16K | Reduce -7.2% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 100,000 | $16K | No change |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 80,000 | $15K | No change |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 35,183 | $14K | Reduce -18.5% |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 99,000 | $14K | No change |
| VNMEW Vendome Acquisition Corp. I | *W EXP 07/03/202 | 52,708 | $13K | Add +20.5% |
| SCAGW Scage Future -30 | *W EXP 05/15/203 | 159,450 | $10K | No change |
| GTERR Globa Terra Acquisition-RTS | RIGHT 06/17/2030 | 75,000 | $10K | No change |
| FCRS.WS Futurecrest Acquisition Corp. | *W EXP 09/30/203 | 12,500 | $9K | No change |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 163,959 | $8K | No change |
| MVSTW Microvast Hold Inc.-CW26 | *W EXP 07/23/202 | 85,900 | $8K | No change |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | 16,685 | $8K | Add +0.1% |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 432,757 | $7K | No change |
| GTERW Globa Terra Acquisition - 30 | *W EXP 06/17/203 | 56,416 | $7K | Add +0.3% |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 122,250 | $7K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 165,000 | $5K | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 73,970 | $5K | No change |
| NVNWF Nvni Group Ltd.-28 | *W EXP 11/01/202 | 66,020 | $4K | No change |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 225,000 | $4K | No change |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 15,000 | $2K | No change |
| CCGWW Cheche Group Inc. - 28 | *W EXP 10/01/203 | 85,732 | $2K | No change |
| ECD AUTOMOTIVE DESIGN INC | *W EXP 12/12/202 | 144,688 | $2K | No change |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 20,000 | $840 | No change |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 56,219 | $731 | Reduce -56.9% |
| AREBW American Rebel Holdings -23 | *W EXP 01/20/202 | 16,159 | $220 | No change |
| DHAIW Aurora Technology Acquis -28 | *W EXP 04/20/202 | 200,711 | $80 | No change |
Total filed on the 13F, all lines: $18.5B.
Portfolio Sells Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Reduce -97.8% | 0.03% | −1.05 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -80.4% | 0.14% | −0.59 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.47 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -95.1% | 0.02% | −0.46 |
| K Kellanova | Sold out | 0.00% | −0.45 |
| HIG Hartford Insurance Group Inc. | Reduce -97.7% | 0.01% | −0.35 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.33 |
| MRUS Merus NV | Sold out | 0.00% | −0.28 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.26 |
| MCD McDonald's Corp. | Reduce -61.0% | 0.14% | −0.24 |
| NEE Nextera Energy Inc. | Reduce -91.9% | 0.02% | −0.24 |
| MA Mastercard Inc. Class A | Reduce -95.9% | 0.01% | −0.22 |
| LNT Alliant Energy Corp. | Reduce -81.6% | 0.04% | −0.22 |
| XOM Exxon Mobil Corp. | Reduce -98.7% | 0.00% | −0.21 |
| NI Nisource Inc. | Reduce -65.2% | 0.09% | −0.20 |
| SYY Sysco Corp. | Reduce -94.7% | 0.01% | −0.20 |
| CZR Caesars Entertainment Inc. | Reduce -85.9% | 0.03% | −0.19 |
| SLV iShares Silver Trust | Reduce -94.4% | 0.02% | −0.17 |
| WEC WEC Energy Group Inc. | Reduce -86.8% | 0.02% | −0.16 |
| FYBR Frontier Communications Pare | Reduce -66.3% | 0.08% | −0.16 |
| ALE Allete Inc. | Sold out | 0.00% | −0.16 |
| ROST Ross Stores Inc. | Reduce -46.2% | 0.23% | −0.15 |
| ES Eversource Energy | Reduce -84.4% | 0.02% | −0.15 |
| META Meta Platforms Inc. Class A | Reduce -54.3% | 0.10% | −0.15 |
| SMH Vaneck Semiconductor ETF | Reduce -73.4% | 0.06% | −0.14 |
| EVRG Evergy Inc. | Reduce -87.0% | 0.02% | −0.14 |
| DKS Dick's Sporting Goods Inc. | Reduce -58.2% | 0.08% | −0.14 |
| BAC Bank of America Corp. | Reduce -37.7% | 0.22% | −0.13 |
| KHC The Kraft Heinz Co. | Reduce -89.8% | 0.01% | −0.13 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.13 |
| IAG Iamgold Corp. | Reduce -75.2% | 0.05% | −0.12 |
| FLR Fluor Corp. | Reduce -74.0% | 0.04% | −0.12 |
| FE Firstenergy Corp. | Reduce -67.6% | 0.05% | −0.12 |
| REG Regency Centers Corp. | Reduce -98.2% | 0.00% | −0.12 |
| IAS Integral Ad Science Holding | Sold out | 0.00% | −0.12 |
| OTIS Otis Worldwide Corp. | Reduce -87.6% | 0.01% | −0.12 |
| AMT American Tower Corp. | Reduce -77.3% | 0.03% | −0.12 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.12 |
| PEP Pepsico Inc. | Reduce -79.4% | 0.03% | −0.11 |
| VBTX Veritex Holdings Inc. | Sold out | 0.00% | −0.11 |
| DOC Healthpeak Properties Inc. | Reduce -72.4% | 0.03% | −0.11 |
| LTM Latam Airlines Group SA-ADR | Reduce -87.1% | 0.02% | −0.11 |
| DD Dupont DE Nemours Inc. | Reduce -30.0% | 0.05% | −0.10 |
| BOH Bank of Hawaii Corp. | Reduce -98.7% | 0.00% | −0.10 |
| FIS Fidelity National Info Serv | Reduce -83.4% | 0.02% | −0.10 |
| BYD Boyd Gaming Corp. | Reduce -87.3% | 0.01% | −0.10 |
| RHP Ryman Hospitality Properties | Reduce -88.0% | 0.01% | −0.10 |
| IWM iShares Russell 2000 ETF | Reduce -72.7% | 0.04% | −0.10 |
| PFGC Performance Food Group Co. | Reduce -38.5% | 0.10% | −0.10 |
| WAB Wabtec Corp. | Reduce -91.0% | 0.01% | −0.09 |
Portfolio Buys Q3 2025 → Q4 2025
| TSLA Tesla Inc. | Add +4274.3% | 3.41% | +3.33 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +199.9% | 4.90% | +3.22 |
| AMZN Amazon.com Inc. | Add +130.4% | 3.02% | +1.71 |
| IVV iShares Core S&P 500 ETF | Add +25.0% | 7.31% | +1.30 |
| WBD Warner Bros Discovery Inc. | Add +136.9% | 1.39% | +0.97 |
| EXAS Exact Sciences Corp. | Add +1452.6% | 0.71% | +0.69 |
| AAPL Apple Inc. | Add +274.9% | 0.89% | +0.66 |
| MSFT Microsoft Corp. | Add +194.0% | 1.01% | +0.62 |
| NVDA Nvidia Corp. | Add +24.1% | 3.83% | +0.58 |
| MU Micron Technology Inc. | Add +313.8% | 0.63% | +0.54 |
| PLTR Palantir Technologies Inc. Class A | Add +667.0% | 0.62% | +0.54 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +260.5% | 0.62% | +0.44 |
| EA Electronic Arts Inc. | Add +124.4% | 0.60% | +0.32 |
| GOOGL Alphabet Inc. Class A | Add +183.1% | 0.42% | +0.30 |
| CYBR Cyberark Software Ltd./Israel | Add +59.8% | 1.00% | +0.29 |
| BABA Alibaba Group Holding-SP ADR | New | 0.29% | +0.29 |
| RNAM Avidity Biosciences Inc. | Add +1800.0% | 0.28% | +0.27 |
| CDTX Cidara Therapeutics Inc. | New | 0.26% | +0.26 |
| DAY Dayforce Inc. | Add +4827.2% | 0.26% | +0.26 |
| NSC Norfolk Southern Corp. | Add +43.9% | 0.96% | +0.23 |
| BBT Beacon Financial Corp. | Add +177.2% | 0.34% | +0.22 |
| KVUE Kenvue Inc. | Add +206.6% | 0.32% | +0.22 |
| AEP American Electric Power | Add +3417.1% | 0.21% | +0.20 |
| ONB Old National Bancorp | Add +51.8% | 0.61% | +0.19 |
| SEE Sealed Air Corp. | Add +329.0% | 0.23% | +0.18 |
| MDLN Medline Inc. Class A | New | 0.18% | +0.18 |
| LOW Lowe's Cos Inc. | Add +228.1% | 0.26% | +0.17 |
| CWAN Clearwater Analytics HDS-A | Add +794.8% | 0.19% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Add +143.5% | 0.25% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +184.2% | 0.20% | +0.14 |
| GES Guess? Inc. | Add +5033.4% | 0.14% | +0.14 |
| PEG Public Service Enterprise GP | Add +427.7% | 0.17% | +0.14 |
| EWBC East West Bancorp Inc. | Add +138.8% | 0.23% | +0.13 |
| JAMF Jamf Holding Corp. | Add +586.4% | 0.15% | +0.13 |
| CAT Caterpillar Inc. | Add +184.2% | 0.19% | +0.13 |
| ASB Associated Banc-Corp. | Add +50.6% | 0.42% | +0.13 |
| BEN Franklin Templeton Inc. | Add +74.0% | 0.29% | +0.12 |
| ZION Zions Bancorp NA | Add +2485.0% | 0.13% | +0.12 |
| AGI Alamos Gold Inc. Class A | New | 0.12% | +0.12 |
| FUL H.B. Fuller Co. | Add +1379.5% | 0.13% | +0.12 |
| AMD Advanced Micro Devices | Add +70.0% | 0.22% | +0.12 |
| WDC Western Digital Corp. | Add +71.5% | 0.21% | +0.12 |
| CMI Cummins Inc. | Add +242.7% | 0.16% | +0.12 |
| FHN First Horizon Corp. | Add +53.8% | 0.33% | +0.12 |
| HOLX Hologic Inc. | Add +2526.5% | 0.12% | +0.11 |
| TLT iShares 20+ Year Treasury BD | Add +321.6% | 0.13% | +0.10 |
| PECO Phillips Edison & Company Inc. | Add +2343.2% | 0.10% | +0.10 |
| AZO AutoZone Inc. | Add +1288.7% | 0.11% | +0.10 |
| ED Consolidated Edison Inc. | Add +292.6% | 0.13% | +0.10 |
| NGD New Gold Inc. | Add +504.9% | 0.11% | +0.09 |
Options Activity Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | put | Add +14.8% | 3,357,900 | $626.2M |
| TSLA Tesla Inc. | put | Add +2291.3% | 1,320,000 | $593.6M |
| AMZN Amazon.com Inc. | put | Add +123.4% | 2,040,800 | $471.1M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +55.7% | 4,787,400 | $386.0M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +62.9% | 407,500 | $250.3M |
| IWM iShares Russell 2000 ETF | call | New | 750,000 | $184.6M |
| LLY Eli Lilly & Co. | put | Sold out | 225,300 | $171.9Mbefore exit |
| AAPL Apple Inc. | put | Add +186.2% | 598,400 | $162.7M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -51.1% | 247,500 | $152.0M |
| IBIT iShares Bitcoin Trust ETF | put | Add +164.6% | 2,741,700 | $136.1M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | Sold out | 1,200,000 | $133.8Mbefore exit |
| CMCSA Comcast Corp. Class A | call | Add +3861.1% | 4,281,900 | $128.0M |
| MSFT Microsoft Corp. | put | Add +202.0% | 259,100 | $125.3M |
| WBD Warner Bros Discovery Inc. | put | Add +58.6% | 3,886,800 | $112.0M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Reduce -16.7% | 1,000,000 | $110.2M |
| EWZ iShares MSCI Brazil ETF | call | Add +110.3% | 3,154,500 | $100.2M |
| EA Electronic Arts Inc. | call | Add +452.7% | 444,400 | $90.8M |
| PLTR Palantir Technologies Inc. Class A | put | Add +3153.3% | 501,000 | $89.1M |
| WBD Warner Bros Discovery Inc. | call | Add +17.9% | 2,653,500 | $76.5M |
| AVGO Broadcom Inc. | call | Add +1560.9% | 212,600 | $73.6M |
| MU Micron Technology Inc. | put | Add +151.9% | 242,600 | $69.2M |
| GOOGL Alphabet Inc. Class A | put | Add +223.8% | 219,500 | $68.7M |
| TLT iShares 20+ Year Treasury BD | call | Add +3111.5% | 642,300 | $56.0M |
| BABA Alibaba Group Holding-SP ADR | put | New | 363,000 | $53.2M |
| GLD SPDR Gold Shares | call | New | 128,400 | $50.9M |
| ASHR Xtrackers Harvest Csi 300 CH | call | Sold out | 1,500,000 | $49.5Mbefore exit |
| WDC Western Digital Corp. | put | Add +53.7% | 286,300 | $49.3M |
| CDTX Cidara Therapeutics Inc. | call | New | 217,900 | $48.1M |
| XLE SS Energy Select Sector | call | Sold out | 1,000,000 | $44.7Mbefore exit |
| KMB Kimberly-Clark Corp. | call | Add +757.9% | 441,800 | $44.6M |
| FEZ State Street SPDR Euro Stoxx | put | Sold out | 700,000 | $43.5Mbefore exit |
| FEZ State Street SPDR Euro Stoxx | call | Sold out | 700,000 | $43.5Mbefore exit |
| TLT iShares 20+ Year Treasury BD | put | Add +110.8% | 492,300 | $42.9M |
| GLD SPDR Gold Shares | put | Add +119.6% | 105,200 | $41.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -69.2% | 60,000 | $40.9M |
| SNOW Snowflake Inc. | put | Add +101.6% | 161,700 | $35.5M |
| NEM Newmont Corp. | put | Add +48.3% | 329,900 | $32.9M |
| NVDA Nvidia Corp. | call | Add +15.9% | 175,400 | $32.7M |
| AAPL Apple Inc. | call | Reduce -19.6% | 111,700 | $30.4M |
| EEM iShares MSCI Emerging Market | put | Sold out | 500,100 | $26.7Mbefore exit |
| ASML ASML Holding NV-NY Reg SHS | put | Add +151.5% | 24,900 | $26.6M |
| KRE SS SPDR S&P Regional Bank | call | New | 400,200 | $25.9M |
| AMD Advanced Micro Devices | put | Reduce -14.4% | 114,900 | $24.6M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +65.6% | 80,800 | $24.6M |
| CAT Caterpillar Inc. | put | Add +86.1% | 41,500 | $23.8M |
| STX Seagate Technology Holdings | put | Add +43.0% | 83,200 | $22.9M |
| PDD PDD Holdings Inc. | call | Add +41.3% | 199,700 | $22.6M |
| KGC Kinross Gold Corp. | put | Add +59.4% | 772,600 | $21.8M |
| TMUS T-Mobile US Inc. | call | Add +578.7% | 105,200 | $21.4M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +171.5% | 41,000 | $20.6M |
Showing the first 50 of 867.
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
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 90,000,000 | $74.1M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +12.3% | 49,400,000 | $49.6M |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | New | 32,541,000 | $36.1M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +7.7% | 35,000,000 | $31.2M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -11.1% | 20,000,000 | $31.1M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Sold out | 16,862,000 | $25.6Mbefore exit |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Add +14.6% | 27,500,000 | $24.8M |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | Sold out | 24,500,000 | $22.4Mbefore exit |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Reduce -6.0% | 23,500,000 | $21.8M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Reduce -14.0% | 21,495,000 | $21.5M |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | New | 22,000,000 | $20.3M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | New | 20,000,000 | $19.2M |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Reduce -12.9% | 19,659,000 | $19.0M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | New | 20,000,000 | $18.3M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +86.3% | 18,353,000 | $17.9M |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | Reduce -10.0% | 18,000,000 | $17.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | New | 15,000,000 | $14.9M |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | New | 15,000,000 | $14.8M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Sold out | 14,758,000 | $14.4Mbefore exit |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Sold out | 12,500,000 | $14.3Mbefore exit |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | Reduce -48.7% | 11,331,000 | $13.1M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | New | 10,000,000 | $11.0M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Sold out | 10,000,000 | $11.0Mbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | New | 10,000,000 | $10.3M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | New | 10,000,000 | $9.9M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 10,000,000 | $9.9M |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | New | 10,000,000 | $9.8M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Reduce -76.5% | 10,000,000 | $9.7M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | Sold out | 5,662,000 | $7.0Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 5,000,000 | $6.7M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Sold out | 5,500,000 | $5.9Mbefore exit |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Add +15.8% | 4,634,000 | $4.3M |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 4,000,000 | $4.2M |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | New | 5,000,000 | $4.2M |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | New | 3,000,000 | $3.1M |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | Sold out | 3,000,000 | $3.0Mbefore exit |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | Sold out | 2,000,000 | $2.6Mbefore exit |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Reduce -50.0% | 2,000,000 | $2.4M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 2,000,000 | $1.8M |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | Sold out | 1,000,000 | $1.1Mbefore exit |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | Sold out | 719,000 | $707Kbefore exit |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | Add +124.3% | 486,346 | $389K |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | Add +22.9% | 706,605 | $375K |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | Reduce -0.7% | 1,187,208 | $356K |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | Add +15.6% | 370,471 | $324K |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | Add +0.8% | 1,286,344 | $322K |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | Reduce -1.3% | 324,912 | $302K |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | Reduce 0.0% | 1,176,771 | $282K |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | Reduce -23.9% | 302,805 | $273K |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | Sold out | 237,500 | $264Kbefore exit |
Showing the first 50 of 130.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 1,210 | $13.1B | IVV, SPY, WBD, NSC, QQQ |
| Q1 2026 | 1,397 | $9.7B | SPY, IVV, WBD, NSC, EA |
| Q4 2025 | 2,576 | $17.6B | IVV, SPY, NVDA, TSLA, AMZN |
| Q3 2025 | 2,738 | $16.8B | IVV, NVDA, SPY, AMZN, LLY |
| Q2 2025 | 2,733 | $16.7B | LQD, NVDA, SPY, QQQ, MSFT |
| Q1 2025 | 2,515 | $16.9B | IVV, NVDA, AMZN, MSFT, SPY |
| Q4 2024 | 2,439 | $19.2B | IVV, NVDA, MSFT, AMZN, TSM |
| Q3 2024 | 2,225 | $13.1B | NVDA, SPY, PWSC, MSFT, AMZN |
| Q2 2024 | 2,094 | $11.7B | MSFT, NVDA, AMZN, AAPL, GOOGL |
| Q1 2024 | 1,915 | $9.2B | SPY, NVDA, BRK.B, AMZN, MSFT |