Verition Fund Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Verition Fund Management LLC reported 1,397 stock positions worth $9.7 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 5.6% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 2.5%) and Warner Bros Discovery (WBD, 2.4%). Compared with Q4 2025, it opened 162 new positions, sold out of 1,342, added to 378 and reduced 822. The biggest buy was Norfolk Southern (NSC, shares +25%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001454027
- Portfolio Value
- $9.7B (Q1 2026)
- SEC Filing
- 0001454027-26-000002 ↗ filed May 15, 2026
Holdings Value
Holdings 1,397 stocks · $9.7B
| SPY SS SPDR S&P 500 ETF Trust-US | 5.59% | 835,554 | $543.4M | Reduce -34.1% |
| IVV iShares Core S&P 500 ETF | 2.54% | 377,340 | $246.5M | Reduce -79.9% |
| WBD Warner Bros Discovery Inc. | 2.43% | 8,612,641 | $236.5M | Add +1.4% |
| NSC Norfolk Southern Corp. | 2.16% | 731,133 | $209.8M | Add +24.7% |
| EA Electronic Arts Inc. | 1.72% | 821,970 | $167.6M | Add +59.0% |
| ONB Old National Bancorp | 1.16% | 5,105,804 | $112.8M | Add +6.5% |
| GTLS Chart Industries Inc. | 0.92% | 431,431 | $89.2M | Add +74.3% |
| TXNM TXNM Energy Inc. | 0.81% | 1,347,251 | $78.8M | Add +55.6% |
| ALL Allstate Corp. | 0.80% | 376,564 | $78.1M | Add +8.7% |
| TRV The Travelers Cos Inc. | 0.78% | 259,707 | $75.8M | Add +4.5% |
| AON Aon PLC Class A | 0.76% | 228,209 | $73.7M | Add +9.9% |
| BEN Franklin Templeton Inc. | 0.73% | 3,022,427 | $71.4M | Add +38.9% |
| BRO Brown & Brown Inc. | 0.73% | 1,087,074 | $70.9M | Add +17.1% |
| CWAN Clearwater Analytics HDS-A | 0.70% | 2,855,891 | $67.5M | Add +108.2% |
| KVUE Kenvue Inc. | 0.67% | 3,786,957 | $65.3M | Add +15.8% |
| AES AES Corp. | 0.67% | 4,602,700 | $64.9M | Add +2458.4% |
| BBT Beacon Financial Corp. | 0.62% | 2,015,022 | $60.5M | Reduce -11.3% |
| INDB Independent Bank Corp. | 0.54% | 700,767 | $52.7M | Reduce -15.5% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.53% | 535,463 | $51.6M | Add +285.7% |
| WSBC Wesbanco Inc. | 0.53% | 1,496,581 | $51.6M | Reduce -20.1% |
| AMZN Amazon.com Inc. | 0.52% | 244,322 | $50.9M | Reduce -89.4% |
| BPOP Popular Inc. | 0.51% | 368,385 | $49.4M | Reduce -48.8% |
| SHEL Shell PLC-ADR | 0.51% | 529,029 | $49.2M | Add +1.6% |
| BP BP PLC-Spons ADR | 0.49% | 1,022,048 | $48.0M | Add +51.4% |
| HBAN Huntington Bancshares Inc. | 0.49% | 3,033,191 | $47.5M | Add +22.9% |
| ASB Associated Banc-Corp. | 0.49% | 1,833,518 | $47.4M | Reduce -36.0% |
| NEE Nextera Energy Inc. | 0.49% | 510,383 | $47.4M | Add +991.0% |
| WBS Webster Financial Corp. | 0.47% | 660,287 | $45.8M | Reduce -33.2% |
| SSRM SSR Mining Inc. | 0.46% | 1,515,763 | $44.6M | Add +2176.4% |
| HOLX Hologic Inc. | 0.45% | 578,395 | $43.7M | Add +107.9% |
| TERN Terns Pharmaceuticals Inc. | 0.44% | 802,293 | $42.3M | Add +6185.1% |
| CINF Cincinnati Financial Corp. | 0.43% | 266,081 | $41.9M | Reduce -22.0% |
| RGLD Royal Gold Inc. | 0.43% | 163,250 | $41.5M | Reduce -22.5% |
| KRE SS SPDR S&P Regional Bank | 0.42% | 621,733 | $40.5M | Add +25.6% |
| RNR Renaissancere Holdings Ltd. | 0.41% | 132,727 | $39.5M | Reduce -50.3% |
| MDLN Medline Inc. Class A | 0.39% | 855,570 | $38.1M | Add +14.1% |
| ROST Ross Stores Inc. | 0.39% | 173,775 | $37.6M | Reduce -24.0% |
| BG Bunge Global SA | 0.39% | 294,502 | $37.5M | Reduce -4.7% |
| MU Micron Technology Inc. | 0.39% | 110,716 | $37.4M | Reduce -71.7% |
| AAPL Apple Inc. | 0.38% | 145,420 | $36.9M | Reduce -74.8% |
| SIGI Selective Insurance Group | 0.38% | 484,007 | $36.5M | Add +9.9% |
| COST Costco Wholesale Corp. | 0.36% | 35,363 | $35.2M | Add +97.0% |
| NVDA Nvidia Corp. | 0.36% | 201,632 | $35.2M | Reduce -94.4% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.36% | 568,000 | $35.0M | Add +47.9% |
| CNI Canadian Natl Railway Co. | 0.35% | 329,756 | $33.9M | New |
| AMTM Amentum Holdings Inc. | 0.35% | 1,297,946 | $33.9M | Add +50.0% |
| SOC Sable Offshore Corp. | 0.35% | 2,043,438 | $33.8M | Reduce -16.8% |
| JCI Johnson Controls Internation | 0.35% | 257,594 | $33.7M | Add +88.6% |
| ORLY O'reilly Automotive Inc. | 0.34% | 354,086 | $32.7M | Add +208.3% |
| OR Or Royalties Inc. | 0.34% | 858,592 | $32.6M | Add +77.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.33% | 95,935 | $32.4M | Reduce -33.3% |
| AMT American Tower Corp. | 0.33% | 185,666 | $32.0M | Add +539.4% |
| SEE Sealed Air Corp. | 0.33% | 758,280 | $31.9M | Reduce -21.3% |
| JPM JPMorgan Chase & Co. | 0.32% | 106,536 | $31.3M | Add +14.5% |
| WAB Wabtec Corp. | 0.32% | 124,820 | $31.2M | Add +1494.5% |
| BCC Boise Cascade Co. | 0.32% | 410,368 | $31.1M | Reduce -10.4% |
| AEP American Electric Power | 0.32% | 237,186 | $31.1M | Reduce -26.3% |
| LNG Cheniere Energy Inc. | 0.32% | 109,227 | $31.0M | Reduce -24.3% |
| LBRDK Liberty Broadband-C | 0.32% | 612,900 | $30.8M | Reduce -28.4% |
| EVRG Evergy Inc. | 0.31% | 371,549 | $30.4M | Add +700.5% |
| DTE DTE Energy Company | 0.31% | 206,233 | $30.2M | New |
| PANW Palo Alto Networks Inc. | 0.31% | 186,448 | $29.9M | Add +42.1% |
| SLAB Silicon Laboratories Inc. | 0.30% | 139,479 | $29.0M | Add +2524.8% |
| GLW Corning Inc. | 0.30% | 212,586 | $28.9M | Add +42.9% |
| ACM Aecom | 0.30% | 339,600 | $28.8M | Add +62.1% |
| USB US Bancorp | 0.30% | 553,765 | $28.8M | Reduce -27.6% |
| LNT Alliant Energy Corp. | 0.30% | 399,517 | $28.7M | Add +237.1% |
| PPL PPL Corp. | 0.29% | 725,211 | $27.7M | Add +1082.2% |
| ETR Entergy Corp. | 0.28% | 246,280 | $27.7M | Reduce -25.1% |
| LOW Lowe's Cos Inc. | 0.28% | 116,794 | $27.6M | Reduce -39.1% |
| EQIX Equinix Inc. | 0.28% | 28,133 | $27.6M | Add +104.8% |
| FE Firstenergy Corp. | 0.28% | 541,922 | $27.5M | Add +158.8% |
| AEE Ameren Corporation | 0.28% | 243,937 | $26.8M | Reduce -14.7% |
| APTV Aptiv PLC | 0.27% | 379,923 | $26.4M | Add +482.5% |
| KO The Coca-Cola Co. | 0.27% | 341,331 | $26.0M | Reduce -3.8% |
| COMP Compass Inc. Class A | 0.25% | 3,373,551 | $24.7M | Add +136.6% |
| LBRDA Liberty Broadband-A | 0.25% | 489,208 | $24.6M | Add +21.0% |
| WCN Waste Connections Inc. | 0.25% | 148,997 | $24.2M | Add +266.5% |
| RAL Ralliant Corp. | 0.24% | 569,778 | $23.7M | Add +255.2% |
| C Citigroup Inc. | 0.24% | 208,367 | $23.6M | Reduce -29.4% |
| PNC PNC Financial Services Group | 0.24% | 112,242 | $23.4M | Reduce -11.4% |
| KDP Keurig Dr Pepper Inc. | 0.24% | 886,164 | $23.3M | Add +11.5% |
| KR Kroger Co. | 0.24% | 321,345 | $23.3M | Add +225.9% |
| OKE Oneok Inc. | 0.24% | 256,190 | $23.2M | Add +2994.5% |
| FBIN Fortune Brands Innovations I | 0.24% | 594,209 | $23.2M | Add +74.8% |
| LPX Louisiana-Pacific Corp. | 0.24% | 316,797 | $23.0M | Add +1101.3% |
| NOW ServiceNow Inc. | 0.23% | 216,325 | $22.6M | Add +28.8% |
| PCG P G & E Corp. | 0.23% | 1,282,681 | $22.5M | Reduce -10.4% |
| LMT Lockheed Martin Corp. | 0.23% | 37,224 | $22.5M | Reduce -48.1% |
| PEN Penumbra Inc. | 0.23% | 68,000 | $22.3M | Add +501.8% |
| EWZ iShares MSCI Brazil ETF | 0.22% | 566,450 | $21.7M | Add +3934.5% |
| SSB Southstate Bank Corp. | 0.22% | 234,784 | $21.7M | Reduce -56.0% |
| BA The Boeing Co. | 0.22% | 108,721 | $21.6M | Add +55.1% |
| VRT Vertiv Holdings Co. Class A | 0.22% | 85,855 | $21.5M | Add +15.3% |
| ACLX Arcellx Inc. | 0.22% | 187,354 | $21.5M | New |
| MA Mastercard Inc. Class A | 0.22% | 42,936 | $21.5M | Add +1425.3% |
| UNF Unifirst Corp. | 0.22% | 85,044 | $21.4M | Add +1751.2% |
| FNB FNB Corp. | 0.22% | 1,266,635 | $21.2M | Reduce -50.0% |
| NET Cloudflare Inc. Class A | 0.22% | 102,025 | $21.1M | Add +91.5% |
| NBIS Nebius Group NV | 0.22% | 201,694 | $20.9M | Reduce -26.9% |
Options reported separately and not counted above: XLP puts ($591.0M), SPY puts ($401.6M), HYG puts ($391.8M), HYG calls ($198.9M), LQD calls ($196.2M), QQQ puts ($193.4M), QQQ calls ($164.5M), AMD puts ($157.3M), GLD calls ($129.1M), TLT calls ($113.3M), TLT puts ($100.2M), IBIT puts ($90.0M), and 586 more.
Other holdings (197): bonds, preferreds, convertibles and warrants · $595.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 40,000,000 | $53.3M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 52,500,000 | $52.3M | Add +6.3% |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 51,800,000 | $43.1M | Reduce -42.4% |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 40,000,000 | $37.5M | Add +22.9% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 44,500,000 | $35.6M | Add +27.1% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 25,000,000 | $31.0M | Add +100.0% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 31,500,000 | $29.4M | Add +34.0% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 24,000,000 | $22.3M | Reduce -20.0% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 24,500,000 | $21.4M | Reduce -10.9% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 21,000,000 | $20.2M | New |
| STRATEGY INC (MSTR 0 03/01/30) | NOTE 3/0 · principal | 21,000,000 | $18.4M | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 18,000,000 | $16.4M | Reduce -40.6% |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 16,972,000 | $16.4M | Reduce -5.7% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 15,000,000 | $14.7M | Add +50.0% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 14,000,000 | $14.3M | No change |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 12,500,000 | $13.9M | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 10,000,000 | $13.9M | Reduce -50.0% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 15,000,000 | $13.8M | Add +650.0% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 15,000,000 | $13.5M | Reduce -25.0% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 11,120,000 | $11.1M | No change |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 10,000,000 | $10.4M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 10,000,000 | $10.4M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 10,000,000 | $10.2M | New |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 11,000,000 | $10.1M | Add +120.0% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 10,000,000 | $9.5M | New |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 7,500,000 | $8.8M | Reduce -33.8% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 8,800,000 | $8.5M | Reduce -56.0% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | 6,394,000 | $7.4M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | 4,973,000 | $5.9M | New |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 6,000,000 | $5.1M | No change |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 3,000,000 | $2.9M | No change |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D · principal | 40,000,000 | $1.8M | New |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | 712,836 | $321K | Add +0.9% |
| HCACR Hall Chadwick Acquisi-Rights | RIGHT 11/20/2030 | 1,264,079 | $303K | Add +54.8% |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 403,128 | $282K | Reduce -17.1% |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 935,709 | $281K | Add +13.5% |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 1,240,192 | $273K | Add +4.5% |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 1,291,058 | $258K | No change |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 1,280,188 | $256K | No change |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 1,236,344 | $255K | Reduce -3.9% |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 897,524 | $252K | No change |
| MEVOW M Evo Global Acq -31 | *W EXP 02/18/203 | 714,896 | $243K | New |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 468,796 | $211K | Reduce -0.8% |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | 781,128 | $203K | Add +7.5% |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 727,509 | $189K | Reduce -0.1% |
| TDWDR Tailwind 2.0 Acquisition-RTS | RIGHT 11/07/2030 | 1,089,103 | $185K | Add +19.1% |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 373,799 | $179K | No change |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 608,890 | $174K | Add +0.1% |
| CRANR Crane Harbor Acquisition-RTS | RIGHT 12/09/2030 | 1,001,972 | $170K | Add +0.2% |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 335,812 | $168K | Add +3.4% |
| HCICR Hennessy Capital Investm-RTS | RIGHT 02/02/2031 | 850,000 | $162K | New |
| BIXIW Bitcoin Infrastructure Acqui | *W EXP 11/06/203 | 521,117 | $155K | Reduce -0.7% |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 473,521 | $152K | Add +1.1% |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 583,326 | $146K | Reduce -50.4% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 302,805 | $145K | No change |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 413,100 | $145K | Reduce -40.0% |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | 396,141 | $143K | Reduce -9.4% |
| VHCPW Vine Hill Capital Investment | *W EXP 11/25/203 | 340,212 | $129K | Add +27.7% |
| IEAGR Infinite Eagle Acquis-Rights | RIGHT 01/13/2031 | 700,000 | $126K | New |
| IPXGW Columbus Circle Capital Corp. | *W EXP 02/11/203 | 339,696 | $122K | New |
| KRAQW Krakacq Corp. -31 | *W EXP 12/23/203 | 200,000 | $120K | New |
| MKLYR McKinley Acquisition Corp. | RIGHT 07/25/2030 | 999,800 | $120K | No change |
| BBCQW Bleichroeder Acquisition Cor | *W EXP 12/23/203 | 125,208 | $119K | New |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 167,614 | $109K | No change |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 720,408 | $108K | Reduce -2.3% |
| APXTW Apex Treasury Corp. -30 | *W EXP 10/07/203 | 450,000 | $108K | No change |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 175,000 | $105K | No change |
| ARCIW Archimedes Tech Spac Partner | *W EXP 01/23/203 | 187,500 | $103K | New |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | 212,196 | $102K | Add +6.8% |
| OIMAW Oneim Acquisition - 30 | *W EXP 01/07/203 | 155,095 | $101K | New |
| MLAAW Mountain Lake Acquisition Co. | *W EXP 99/99/999 | 761,936 | $99K | New |
| SVIVW Spring Valley Acquisition Co. | *W EXP 01/22/203 | 125,000 | $99K | New |
| NSTR.WS Viking Acquisition Corp. I | *W EXP 11/03/203 | 328,056 | $97K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 790,090 | $95K | Add +2.8% |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 428,698 | $94K | No change |
| LAFAR Lafayette Acquisition Corp. | RIGHT 10/24/2030 | 785,169 | $94K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 145,714 | $93K | Add +2.9% |
| ALUB.WS Alussa Energy Acquisition-30 | *W EXP 99/99/999 | 257,832 | $93K | Add +40.8% |
| GFUZW Spring Valley Acq Co. -30 | *W EXP 09/04/203 | 87,858 | $91K | Reduce -53.0% |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 275,000 | $91K | Reduce -16.8% |
| DNMXW Dynamix Corp. III | *W EXP 10/10/203 | 300,958 | $90K | Add +0.7% |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 299,306 | $90K | Reduce -35.1% |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 372,516 | $89K | No change |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | 287,165 | $89K | Add +9.5% |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 326,195 | $88K | No change |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | 174,641 | $87K | Add +218.5% |
| IGACR Invest Green Acquisition-RTS | RIGHT 11/17/2030 | 521,429 | $82K | Add +34.1% |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 244,051 | $81K | No change |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 691,458 | $80K | Add +2.2% |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 | 319,512 | $80K | Add +9.6% |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | 128,387 | $80K | Reduce -13.6% |
| DYORW Insight Digital Partners II | *W EXP 10/28/203 | 269,300 | $78K | Reduce -37.6% |
| ALOVW Aldabra 4 Liquidity Opportun | *W EXP 12/23/203 | 176,656 | $76K | New |
| SVAQW Silicon Valley Acquisition C | *W EXP 12/08/203 | 269,100 | $75K | No change |
| LEGO.WS Legato Merger Corp. IV | *W EXP 99/99/999 | 233,333 | $75K | New |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 168,901 | $74K | Add +4.9% |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 351,718 | $74K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 50,000 | $73K | No change |
| DSACW Daedalus Spec Acq -30 | *W EXP 11/24/203 | 175,800 | $72K | Add +8.2% |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 447,995 | $72K | No change |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 184,320 | $69K | No change |
| APADR A Paradise Acquisition Corp. | RIGHT 07/29/2025 | 149,807 | $68K | Reduce -75.0% |
| FGIIW FG Imperii Acquisition Corp. | *W EXP 10/14/203 | 375,000 | $68K | New |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 135,000 | $68K | Reduce -11.0% |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 211,210 | $67K | Add +0.1% |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 220,471 | $66K | Reduce -40.5% |
| TWLVR Twelve Seas Investment Co. II | RIGHT 11/21/2030 | 402,968 | $65K | New |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 357,431 | $64K | Add +124.7% |
| HQWWW Horizon Quant -31 | *W EXP 03/19/203 | 31,010 | $64K | New |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 315,956 | $63K | No change |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 229,100 | $62K | Reduce -4.0% |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 473,600 | $62K | No change |
| ITHAW Ithax Acquisition Corp. III | *W EXP 11/17/203 | 254,156 | $61K | Add +133.9% |
| LKSPR Lake Superior Acquisition Co. | RIGHT 09/19/2030 | 50,000 | $58K | No change |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 | 212,536 | $57K | Add +32.1% |
| AEAQW Activate Energy Acquisition | *W EXP 11/10/203 | 168,200 | $56K | Add +68.2% |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | 351,926 | $53K | Add +1.4% |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 13,420 | $52K | No change |
| IRAB.WS Iris Acq Corp. II -31 | *W EXP 08/15/203 | 168,000 | $52K | New |
| CHECW Chenghe Acquisition III Co. | *W EXP 09/09/203 | 217,158 | $50K | No change |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 250,000 | $50K | No change |
| CLBR.WS Colombier Acquisition - 31 | *W EXP 12/31/203 | 50,000 | $49K | New |
| ZKPW Lafayette Digital Acqu - 31 | *W EXP 12/23/203 | 174,319 | $49K | New |
| KBONW Karbon Capital Partners Corp. | *W EXP 12/11/203 | 120,107 | $48K | No change |
| SAAQW Space Asset Acquisition Corp. | *W EXP 03/31/203 | 53,711 | $47K | New |
| LATAW Galata Acquisition Corp. - 30 | *W EXP 09/12/203 | 150,094 | $45K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 87,000 | $44K | No change |
| CCXIW Churchill Capital Corp. Xi | *W EXP 12/10/203 | 61,054 | $44K | Add +43.7% |
| CCAQW Dune Acquisition Corp. II -30 | *W EXP 04/04/203 | 150,000 | $41K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 200,126 | $40K | New |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 99,400 | $40K | No change |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | 137,500 | $39K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 150,000 | $38K | Reduce -4.5% |
| XCBEW X3 Acquisition Corp. Ltd. | *W EXP 12/19/203 | 155,950 | $37K | New |
| AACIW Armada Acquisition Corp. III | *W EXP 02/13/203 | 150,050 | $37K | New |
| BLRKW Bluerock Acquisition Corp. | *W EXP 12/12/203 | 111,666 | $37K | Reduce -4.2% |
| VACHW Voyager Acquisition Corp. -CW | *W EXP 05/16/203 | 262,799 | $36K | Reduce -18.8% |
| SOCAW Solarius Capital Acqui -30 | *W EXP 07/10/203 | 137,586 | $36K | No change |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 297,084 | $36K | Reduce -0.1% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 73,244 | $35K | No change |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | 233,013 | $34K | No change |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 225,400 | $32K | Reduce -2.0% |
| LFACW Leapfrog Acquisition Corp. | *W EXP 11/10/203 | 100,000 | $29K | No change |
| DBCAW D. Boral Acquisition I Corp. | *W EXP 01/30/203 | 94,160 | $29K | New |
| MUZEW Muzero Acquisition - 30 | *W EXP 01/30/203 | 125,000 | $29K | New |
| SORNW Soren Acquisition Corp. | *W EXP 12/19/203 | 88,160 | $28K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 113,863 | $28K | Add +122.6% |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 276,910 | $28K | No change |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 97,603 | $27K | Reduce -32.7% |
| WHITE PEARL ACQUISITION CORP | RIGHT 09/10/2030 | 100,000 | $26K | New |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 60,450 | $26K | Add +52.6% |
| JENA ACQUISITION CORP II-RTS | RIGHT 03/31/2030 | 147,982 | $25K | No change |
| APACR Stonebridge Acquisition II C | RIGHT 09/09/2030 | 200,000 | $24K | No change |
| GPACW General Purpose Acquisition | *W EXP 12/03/203 | 100,000 | $24K | No change |
| GIWWR GIGCAPITAL8 Corp.-RTS | RIGHT 09/30/2030 | 87,500 | $23K | No change |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 205,000 | $23K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 130,818 | $20K | No change |
| LPCVW Launchpad Cadenza Acquisitio | *W EXP 12/15/203 | 83,333 | $20K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 161,070 | $20K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 24,352 | $18K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 130,324 | $18K | Reduce -56.6% |
| XSLLW Xsolla Spac 1 | *W EXP 01/12/203 | 91,150 | $18K | New |
| YCY.WS Aa Mission Acquisition -31 | *W EXP 07/23/203 | 109,953 | $18K | No change |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 38,010 | $17K | New |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 130,065 | $17K | Reduce -7.5% |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 150,000 | $17K | No change |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 200,000 | $16K | No change |
| KTWOR K2 Capital Acquisition C-RTS | RIGHT 07/30/2027 | 75,000 | $16K | New |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 80,000 | $14K | No change |
| VNMEW Vendome Acquisition Corp. I | *W EXP 07/03/202 | 52,708 | $13K | No change |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 99,000 | $13K | No change |
| CAQUW Cambridge Acquisition Corp. | *W EXP 01/30/203 | 45,833 | $13K | New |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 24,507 | $12K | Reduce -80.8% |
| BIII.WS Black Spade Acquisition III | *W EXP 99/99/999 | 33,333 | $12K | New |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 35,183 | $10K | No change |
| GTERR Globa Terra Acquisition-RTS | RIGHT 06/17/2030 | 75,000 | $10K | No change |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 65,194 | $9K | Reduce -0.1% |
| SCAGW Scage Future -30 | *W EXP 05/15/203 | 159,450 | $8K | No change |
| SCIIR SC II Acquisition Corp.-RT | RIGHT 11/26/2030 | 35,000 | $8K | No change |
| FCRS.WS Futurecrest Acquisition Corp. | *W EXP 09/30/203 | 12,500 | $7K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 122,250 | $7K | No change |
| GTERW Globa Terra Acquisition - 30 | *W EXP 06/17/203 | 56,416 | $7K | No change |
| SBXE.WS Silverbox Corp. V | *W EXP 09/16/203 | 16,666 | $7K | No change |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | 16,685 | $7K | No change |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 165,000 | $7K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 31,777 | $6K | Reduce -69.6% |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 99,200 | $5K | Reduce -0.8% |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 163,959 | $5K | No change |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 20,000 | $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 |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 15,000 | $4K | No change |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 56,219 | $3K | No change |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 191,021 | $3K | Reduce -55.9% |
| CCGWW Cheche Group Inc. - 28 | *W EXP 10/01/203 | 85,732 | $2K | No change |
| MVSTW Microvast Hold Inc.-CW26 | *W EXP 07/23/202 | 85,900 | $1K | No change |
| AREBW American Rebel Holdings -23 | *W EXP 01/20/202 | 16,159 | $313 | No change |
Total filed on the 13F, all lines: $10.3B.
Portfolio Sells Q4 2025 → Q1 2026
| IVV iShares Core S&P 500 ETF | Reduce -79.9% | 2.54% | −4.77 |
| NVDA Nvidia Corp. | Reduce -94.4% | 0.36% | −3.47 |
| TSLA Tesla Inc. | Reduce -98.6% | 0.07% | −3.34 |
| AMZN Amazon.com Inc. | Reduce -89.4% | 0.52% | −2.49 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −1.00 |
| MSFT Microsoft Corp. | Reduce -85.7% | 0.20% | −0.81 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.71 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.62 |
| PLTR Palantir Technologies Inc. Class A | Reduce -89.7% | 0.10% | −0.53 |
| AAPL Apple Inc. | Reduce -74.8% | 0.38% | −0.51 |
| IBIT iShares Bitcoin Trust ETF | Reduce -87.1% | 0.09% | −0.43 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −0.28 |
| XEL Xcel Energy Inc. | Reduce -99.5% | 0.00% | −0.27 |
| BABA Alibaba Group Holding-SP ADR | Reduce -95.3% | 0.02% | −0.26 |
| CDTX Cidara Therapeutics Inc. | Sold out | 0.00% | −0.26 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.26 |
| GOOGL Alphabet Inc. Class A | Reduce -76.4% | 0.16% | −0.25 |
| MU Micron Technology Inc. | Reduce -71.7% | 0.39% | −0.25 |
| EWBC East West Bancorp Inc. | Sold out | 0.00% | −0.23 |
| WMT Walmart Inc. | Reduce -85.5% | 0.08% | −0.20 |
| BAC Bank of America Corp. | Reduce -91.5% | 0.03% | −0.19 |
| FHN First Horizon Corp. | Reduce -74.6% | 0.14% | −0.18 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.17 |
| WTFC Wintrust Financial Corp. | Sold out | 0.00% | −0.16 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.16 |
| CAT Caterpillar Inc. | Reduce -91.4% | 0.04% | −0.15 |
| JAMF Jamf Holding Corp. | Sold out | 0.00% | −0.15 |
| GES Guess? Inc. | Sold out | 0.00% | −0.14 |
| MS Morgan Stanley | Reduce -93.2% | 0.02% | −0.13 |
| AMD Advanced Micro Devices | Reduce -75.6% | 0.09% | −0.13 |
| ACA Arcosa Inc. | Sold out | 0.00% | −0.12 |
| TRGP Targa Resources Corp. | Reduce -97.6% | 0.01% | −0.12 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.11 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.11 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.11 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.11 |
| CBSH Commerce Bancshares Inc. | Reduce -74.7% | 0.08% | −0.11 |
| WDC Western Digital Corp. | Reduce -82.9% | 0.10% | −0.11 |
| FBP First Bancorp Puerto Rico | Reduce -71.2% | 0.12% | −0.10 |
| DTM DT Midstream Inc. | Reduce -88.4% | 0.03% | −0.10 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.10 |
| T AT&T Inc. | Reduce -95.7% | 0.01% | −0.10 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.10 |
| BANF Bancfirst Corp. | Reduce -98.3% | 0.00% | −0.10 |
| CSX CSX Corp. | Reduce -96.6% | 0.01% | −0.10 |
| UAL United Airlines Holdings Inc. | Reduce -92.2% | 0.01% | −0.10 |
| NVT Nvent Electric PLC | Reduce -95.8% | 0.01% | −0.10 |
| HD Home Depot Inc. | Reduce -75.9% | 0.07% | −0.09 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.09 |
| STX Seagate Technology Holdings | Reduce -97.8% | 0.01% | −0.09 |
Portfolio Buys Q4 2025 → Q1 2026
| NSC Norfolk Southern Corp. | Add +24.7% | 2.16% | +1.20 |
| EA Electronic Arts Inc. | Add +59.0% | 1.72% | +1.13 |
| WBD Warner Bros Discovery Inc. | Add +1.4% | 2.43% | +1.05 |
| AES AES Corp. | Add +2458.4% | 0.67% | +0.65 |
| GTLS Chart Industries Inc. | Add +74.3% | 0.92% | +0.63 |
| ONB Old National Bancorp | Add +6.5% | 1.16% | +0.56 |
| TXNM TXNM Energy Inc. | Add +55.6% | 0.81% | +0.52 |
| CWAN Clearwater Analytics HDS-A | Add +108.2% | 0.70% | +0.51 |
| NEE Nextera Energy Inc. | Add +991.0% | 0.49% | +0.47 |
| SJM The JM Smucker Co. | Add +285.7% | 0.53% | +0.45 |
| SSRM SSR Mining Inc. | Add +2176.4% | 0.46% | +0.45 |
| BEN Franklin Templeton Inc. | Add +38.9% | 0.73% | +0.44 |
| TERN Terns Pharmaceuticals Inc. | Add +6185.1% | 0.44% | +0.43 |
| ALL Allstate Corp. | Add +8.7% | 0.80% | +0.39 |
| TRV The Travelers Cos Inc. | Add +4.5% | 0.78% | +0.37 |
| BP BP PLC-Spons ADR | Add +51.4% | 0.49% | +0.36 |
| KVUE Kenvue Inc. | Add +15.8% | 0.67% | +0.35 |
| CNI Canadian Natl Railway Co. | New | 0.35% | +0.35 |
| AON Aon PLC Class A | Add +9.9% | 0.76% | +0.34 |
| HOLX Hologic Inc. | Add +107.9% | 0.45% | +0.33 |
| WAB Wabtec Corp. | Add +1494.5% | 0.32% | +0.31 |
| DTE DTE Energy Company | New | 0.31% | +0.31 |
| BRO Brown & Brown Inc. | Add +17.1% | 0.73% | +0.31 |
| AMT American Tower Corp. | Add +539.4% | 0.33% | +0.30 |
| SLAB Silicon Laboratories Inc. | Add +2524.8% | 0.30% | +0.29 |
| EVRG Evergy Inc. | Add +700.5% | 0.31% | +0.29 |
| SHEL Shell PLC-ADR | Add +1.6% | 0.51% | +0.29 |
| ORLY O'reilly Automotive Inc. | Add +208.3% | 0.34% | +0.28 |
| COST Costco Wholesale Corp. | Add +97.0% | 0.36% | +0.27 |
| PPL PPL Corp. | Add +1082.2% | 0.29% | +0.27 |
| JCI Johnson Controls Internation | Add +88.6% | 0.35% | +0.25 |
| LNT Alliant Energy Corp. | Add +237.1% | 0.30% | +0.25 |
| HBAN Huntington Bancshares Inc. | Add +22.9% | 0.49% | +0.25 |
| APTV Aptiv PLC | Add +482.5% | 0.27% | +0.24 |
| OR Or Royalties Inc. | Add +77.0% | 0.34% | +0.24 |
| OKE Oneok Inc. | Add +2994.5% | 0.24% | +0.23 |
| KRE SS SPDR S&P Regional Bank | Add +25.6% | 0.42% | +0.23 |
| FUL H.B. Fuller Co. | Add +47.9% | 0.36% | +0.23 |
| FE Firstenergy Corp. | Add +158.8% | 0.28% | +0.23 |
| LPX Louisiana-Pacific Corp. | Add +1101.3% | 0.24% | +0.23 |
| EQIX Equinix Inc. | Add +104.8% | 0.28% | +0.22 |
| GLW Corning Inc. | Add +42.9% | 0.30% | +0.22 |
| ACLX Arcellx Inc. | New | 0.22% | +0.22 |
| EWZ iShares MSCI Brazil ETF | Add +3934.5% | 0.22% | +0.22 |
| UNF Unifirst Corp. | Add +1751.2% | 0.22% | +0.22 |
| PNFP Pinnacle Financial Partners | New | 0.21% | +0.21 |
| MDLN Medline Inc. Class A | Add +14.1% | 0.39% | +0.21 |
| MA Mastercard Inc. Class A | Add +1425.3% | 0.22% | +0.21 |
| OS Onestream Inc. | Add +6195.0% | 0.21% | +0.21 |
| PEN Penumbra Inc. | Add +501.8% | 0.23% | +0.21 |
Options Activity Q4 2025 → Q1 2026
| XLP SS Consumer Staples Sel Sect | put | Add +91146.8% | 7,208,500 | $591.0M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +929.2% | 617,500 | $401.6M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +2.9% | 4,924,600 | $391.8M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Add +53091.5% | 2,500,000 | $198.9M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | New | 1,800,000 | $196.2M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +35.4% | 335,000 | $193.4M |
| IWM iShares Russell 2000 ETF | call | Sold out | 750,000 | $184.6Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -30.1% | 285,000 | $164.5M |
| AMD Advanced Micro Devices | put | Add +573.1% | 773,400 | $157.3M |
| GLD SPDR Gold Shares | call | Add +133.6% | 300,000 | $129.1M |
| TLT iShares 20+ Year Treasury BD | call | Add +103.4% | 1,306,400 | $113.3M |
| TLT iShares 20+ Year Treasury BD | put | Add +134.7% | 1,155,600 | $100.2M |
| EA Electronic Arts Inc. | call | Sold out | 444,400 | $90.8Mbefore exit |
| IBIT iShares Bitcoin Trust ETF | put | Reduce -14.6% | 2,341,700 | $90.0M |
| SEE Sealed Air Corp. | call | New | 1,969,500 | $82.8M |
| XLF SS Financial Select Sector | call | Add +6808.0% | 1,561,200 | $77.1M |
| XLE SS Energy Select Sector | put | Add +860.2% | 1,117,700 | $68.5M |
| XLF SS Financial Select Sector | put | Add +1733.3% | 1,331,000 | $65.7M |
| GOOGL Alphabet Inc. Class A | call | New | 205,500 | $59.1M |
| SLV iShares Silver Trust | call | Add +7794.7% | 750,000 | $51.1M |
| WDC Western Digital Corp. | put | Sold out | 286,300 | $49.3Mbefore exit |
| CDTX Cidara Therapeutics Inc. | call | Sold out | 217,900 | $48.1Mbefore exit |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Reduce -60.0% | 400,000 | $43.6M |
| EEM iShares MSCI Emerging Market | put | New | 740,000 | $42.0M |
| GLD SPDR Gold Shares | put | Sold out | 105,200 | $41.7Mbefore exit |
| TERN Terns Pharmaceuticals Inc. | put | New | 750,000 | $39.5M |
| EWY iShares MSCI South Korea ETF | put | New | 320,000 | $39.4M |
| EFA iShares MSCI Eafe ETF | put | New | 350,100 | $34.0M |
| SMH Vaneck Semiconductor ETF | put | Add +311.5% | 85,600 | $32.8M |
| CWAN Clearwater Analytics HDS-A | call | Add +337.6% | 1,265,000 | $29.9M |
| WBD Warner Bros Discovery Inc. | put | Reduce -73.0% | 1,049,200 | $28.8M |
| IEF iShares 7-10 Year Treasury B | call | New | 300,000 | $28.6M |
| LNG Cheniere Energy Inc. | put | New | 100,000 | $28.4M |
| ASML ASML Holding NV-NY Reg SHS | put | Sold out | 24,900 | $26.6Mbefore exit |
| KRE SS SPDR S&P Regional Bank | call | Sold out | 400,200 | $25.9Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Add +66.7% | 100,000 | $24.8M |
| TSM Taiwan Semiconductor-SP ADR | put | Sold out | 80,800 | $24.6Mbefore exit |
| STX Seagate Technology Holdings | put | Sold out | 83,200 | $22.9Mbefore exit |
| EEM iShares MSCI Emerging Market | call | Add +56.1% | 400,200 | $22.7M |
| EWZ iShares MSCI Brazil ETF | put | Add +283.2% | 584,000 | $22.4M |
| KGC Kinross Gold Corp. | put | Sold out | 772,600 | $21.8Mbefore exit |
| EA Electronic Arts Inc. | put | Sold out | 96,100 | $19.6Mbefore exit |
| AAPL Apple Inc. | put | Reduce -87.2% | 76,700 | $19.5M |
| IEF iShares 7-10 Year Treasury B | put | New | 200,000 | $19.1M |
| FTNT Fortinet Inc. | call | Add +8.7% | 231,300 | $18.9M |
| WDC Western Digital Corp. | call | Sold out | 104,600 | $18.0Mbefore exit |
| ECHO Echostar Corp. Class A | call | New | 145,000 | $17.0M |
| MSFT Microsoft Corp. | put | Reduce -82.5% | 45,400 | $16.8M |
| WPM Wheaton Precious Metals Corp. | put | Sold out | 142,800 | $16.8Mbefore exit |
| AMZN Amazon.com Inc. | put | Reduce -96.1% | 80,500 | $16.8M |
Showing the first 50 of 847.
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
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +6.3% | 52,500,000 | $52.3M |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | Reduce -42.4% | 51,800,000 | $43.1M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Sold out | 39,500,000 | $39.1Mbefore exit |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | Add +22.9% | 40,000,000 | $37.5M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +27.1% | 44,500,000 | $35.6M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Sold out | 27,500,000 | $33.5Mbefore exit |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Add +100.0% | 25,000,000 | $31.0M |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Add +34.0% | 31,500,000 | $29.4M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Reduce -20.0% | 24,000,000 | $22.3M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Sold out | 21,495,000 | $21.5Mbefore exit |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Sold out | 20,000,000 | $21.4Mbefore exit |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Reduce -10.9% | 24,500,000 | $21.4M |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | Sold out | 22,000,000 | $20.3Mbefore exit |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 21,000,000 | $20.2M |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Sold out | 19,659,000 | $19.0Mbefore exit |
| STRATEGY INC (MSTR 0 03/01/30) | NOTE 3/0 · principal | New | 21,000,000 | $18.4M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Sold out | 18,353,000 | $17.9Mbefore exit |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Sold out | 15,000,000 | $17.0Mbefore exit |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -40.6% | 18,000,000 | $16.4M |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | Reduce -5.7% | 16,972,000 | $16.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Sold out | 15,000,000 | $14.9Mbefore exit |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | Sold out | 15,000,000 | $14.8Mbefore exit |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +50.0% | 15,000,000 | $14.7M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -50.0% | 10,000,000 | $13.9M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +650.0% | 15,000,000 | $13.8M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Reduce -25.0% | 15,000,000 | $13.5M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | Sold out | 10,000,000 | $11.0Mbefore exit |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Sold out | 10,000,000 | $11.0Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 10,000,000 | $10.4M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Sold out | 10,000,000 | $10.3Mbefore exit |
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | Sold out | 11,071,000 | $10.2Mbefore exit |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | New | 10,000,000 | $10.2M |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | Add +120.0% | 11,000,000 | $10.1M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Sold out | 10,000,000 | $9.9Mbefore exit |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Sold out | 10,000,000 | $9.9Mbefore exit |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Sold out | 10,000,000 | $9.8Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 10,000,000 | $9.5M |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | Reduce -33.8% | 7,500,000 | $8.8M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -56.0% | 8,800,000 | $8.5M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Sold out | 8,000,000 | $8.0Mbefore exit |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | New | 6,394,000 | $7.4M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Sold out | 5,000,000 | $6.7Mbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | New | 4,973,000 | $5.9M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Sold out | 4,634,000 | $4.3Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | Sold out | 4,000,000 | $4.2Mbefore exit |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | Sold out | 5,000,000 | $4.2Mbefore exit |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Sold out | 2,000,000 | $2.4Mbefore exit |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D · principal | New | 40,000,000 | $1.8M |
| BLUWW Blue Water Acquisition-CW26 | *W EXP 05/23/203 | Add +0.9% | 712,836 | $321K |
| HCACR Hall Chadwick Acquisi-Rights | RIGHT 11/20/2030 | Add +54.8% | 1,264,079 | $303K |
Showing the first 50 of 151.
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 |