Weiss Asset Management LP

Name: Weiss Asset Management LP 13F holdings, Q4 2025
Creator: Weiss Asset Management LP
Published: 2026-02-17

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Weiss Asset Management LP reported 492 stock positions worth $5.5 billion. Its top holding was Nvidia (NVDA) at 22.4% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 7.0%) and Avidity Biosciences (RNAM, 2.8%). Compared with Q3 2025, it opened 312 new positions, sold out of 340, added to 90 and reduced 79. The biggest buy was Nvidia (NVDA, shares +14%) and the biggest sale Strategy (MSTR, shares −29%).

Most Recent 13F: Q2 2026
Location: BOSTON, MA
CIK: 0001357550
Portfolio Value: $5.5B (Q4 2025)
SEC Filing: 0001357550-26-000011 ↗ filed Feb 17, 2026

Holdings Value

Holdings 492 stocks · $5.5B


NVDA Nvidia Corp.	22.37%	6,642,294	$1.2B	Add +13.6%
IBIT iShares Bitcoin Trust ETF	7.00%	7,801,983	$387.4M	Reduce -22.4%
RNAM Avidity Biosciences Inc.	2.82%	2,161,093	$155.9M	New
MSTR Strategy Inc.	2.71%	985,720	$149.8M	Reduce -29.0%
TBPH Theravance Biopharma Inc.	2.52%	7,457,060	$139.5M	No change
CYBR Cyberark Software Ltd./Israel	1.82%	226,302	$100.9M	Reduce -11.8%
AVDL Avadel Pharmaceuticals Ltd.	1.76%	4,515,114	$97.3M	New
EXAS Exact Sciences Corp.	1.56%	848,700	$86.2M	Add +802.9%
KVUE Kenvue Inc.	1.52%	4,879,739	$84.2M	Add +1589.6%
ADP Automatic Data Processing	1.49%	320,605	$82.5M	New
LIN Linde PLC	1.15%	148,874	$63.5M	New
EQIX Equinix Inc.	1.01%	72,819	$55.8M	New
PFG Principal Financial Group	0.97%	608,926	$53.7M	Add +597.5%
THS Treehouse Foods Inc.	0.92%	2,167,859	$51.1M	New
CDTX Cidara Therapeutics Inc.	0.90%	224,998	$49.7M	New
ETHA iShares Ethereum Trust ETF	0.86%	2,122,032	$47.6M	Reduce -73.3%
GILD Gilead Sciences Inc.	0.76%	342,666	$42.1M	New
TSLA Tesla Inc.	0.74%	91,346	$41.1M	Reduce -81.7%
ITW Illinois Tool Works	0.73%	163,266	$40.2M	Add +1387.5%
ELV Elevance Health Inc.	0.72%	113,924	$39.9M	Reduce -16.2%
NNE Nano Nuclear Energy Inc.	0.69%	1,592,018	$38.2M	New
BX Blackstone Inc.	0.68%	244,131	$37.6M	Add +4303.5%
NKE Nike Inc. Class B	0.68%	589,046	$37.5M	New
WBD Warner Bros Discovery Inc.	0.67%	1,296,257	$37.4M	Add +3847.8%
ACN Accenture PLC Class A	0.64%	131,162	$35.2M	New
CNC Centene Corp.	0.62%	839,035	$34.5M	Reduce -16.1%
CMCSA Comcast Corp. Class A	0.61%	1,135,875	$34.0M	Add +3671.2%
ARES Ares Management Corp. Class A	0.59%	202,328	$32.7M	New
DVN Devon Energy Corp.	0.57%	857,232	$31.4M	Add +373.3%
COIN Coinbase Global Inc. Class A	0.56%	136,953	$31.0M	Reduce -74.5%
CAN Canaan Inc.	0.54%	43,305,650	$29.9M	New
HUT Hut 8 Corp.	0.53%	636,346	$29.2M	Add +503.4%
SMCI Super Micro Computer Inc.	0.53%	997,615	$29.2M	Reduce -43.8%
SO The Southern Co.	0.52%	332,693	$29.0M	New
AAPL Apple Inc.	0.51%	104,383	$28.4M	Add +46.2%
NGD New Gold Inc.	0.49%	3,116,057	$27.1M	New
FOLD Amicus Therapeutics Inc.	0.49%	1,892,797	$27.0M	New
MLM Martin Marietta Materials	0.47%	41,668	$25.9M	New
BMNR Bitmine Immersion Technologi	0.46%	933,617	$25.3M	New
APD Air Products & Chemicals Inc.	0.45%	101,001	$24.9M	New
COO The Cooper Cos Inc.	0.44%	294,582	$24.1M	Add +88.8%
PG The Procter & Gamble Co.	0.44%	168,235	$24.1M	New
CTVA Corteva Inc.	0.43%	354,178	$23.7M	Add +6097.3%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.42%	610,269	$23.2M	New
SUNC Sunococorp LLC	0.42%	466,440	$23.0M	New
A Agilent Technologies Inc.	0.42%	168,925	$23.0M	New
SBET Sharplink Inc.	0.41%	2,554,301	$22.8M	Add +220.0%
LKQ LKQ Corp.	0.41%	748,848	$22.6M	Add +1394.3%
MOH Molina Healthcare Inc.	0.40%	126,385	$21.9M	Add +88.6%
GOOG Alphabet Inc. Class C	0.39%	67,966	$21.3M	Reduce -62.6%
JNJ Johnson & Johnson	0.38%	102,067	$21.1M	New
NEM Newmont Corp.	0.38%	211,228	$21.1M	Reduce -30.2%
PLD Prologis Inc.	0.37%	160,676	$20.5M	Add +60.1%
SW Smurfit Westrock PLC	0.37%	526,730	$20.4M	New
NWAX.U New America Acquisition I Co.	0.35%	1,886,812	$19.6M	New
SHW The Sherwin-Williams Co.	0.35%	59,800	$19.4M	New
KTOS Kratos Defense & Security	0.34%	249,546	$18.9M	Add +67.8%
LPLA LPL Financial Holdings Inc.	0.34%	52,206	$18.6M	New
CHRD Chord Energy Corp.	0.33%	199,953	$18.5M	New
FCX Freeport-McMoran Inc.	0.33%	359,500	$18.3M	New
IP International Paper Co.	0.32%	451,123	$17.8M	New
ECL Ecolab Inc.	0.32%	66,600	$17.5M	New
RKLB Rocket Lab Corp.	0.31%	245,667	$17.1M	New
FN Fabrinet	0.31%	37,620	$17.1M	New
HL Hecla Mining Co.	0.29%	846,060	$16.2M	New
QCOM Qualcomm Inc.	0.29%	93,572	$16.0M	New
VMC Vulcan Materials Co.	0.29%	56,000	$16.0M	New
OMC Omnicom Group	0.29%	197,300	$15.9M	Reduce -72.3%
NUE Nucor Corp.	0.29%	96,800	$15.8M	New
MOS The Mosaic Co.	0.28%	654,408	$15.8M	New
ALL Allstate Corp.	0.28%	74,635	$15.5M	Add +69.8%
SITC Site Centers Corp. filed as SITE CTRS CORP	0.28%	2,406,321	$15.4M	Reduce -22.3%
EMN Eastman Chemical Co.	0.28%	239,400	$15.3M	Add +1309.9%
FDX FedEx Corp.	0.27%	52,305	$15.1M	Add +159.8%
CHRW C.H. Robinson Worldwide Inc.	0.27%	92,350	$14.8M	Add +1405.5%
SOXX iShares Semiconductor ETF	0.25%	46,567	$14.0M	New
ATI Ati Inc.	0.25%	119,031	$13.7M	Add +1062.3%
WFC Wells Fargo & Co.	0.24%	141,569	$13.2M	Add +14.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.24%	468,936	$13.2M	Add +47.7%
BWXT BWX Technologies Inc.	0.24%	76,073	$13.1M	Add +186.3%
ELAN Elanco Animal Health Inc.	0.24%	580,943	$13.1M	Add +1338.7%
STLD Steel Dynamics Inc.	0.23%	74,400	$12.6M	New
FTI Technipfmc PLC	0.23%	281,382	$12.5M	Add +335.4%
AVGO Broadcom Inc.	0.23%	36,105	$12.5M	Reduce -77.4%
VEEV Veeva Systems Inc. Class A	0.22%	55,330	$12.4M	New
PPG PPG Industries Inc.	0.22%	119,600	$12.3M	New
SMLR Semler Scientific Inc.	0.22%	801,086	$12.2M	Add +286.3%
ENTG Entegris Inc.	0.21%	141,149	$11.9M	Add +440.2%
C Citigroup Inc.	0.20%	95,319	$11.1M	Add +107.0%
AEP American Electric Power	0.20%	95,782	$11.0M	New
CCK Crown Holdings Inc.	0.20%	105,067	$10.8M	New
GDOT Green Dot Corp. Class A	0.20%	843,152	$10.8M	New
WDC Western Digital Corp.	0.19%	60,510	$10.4M	Add +400.5%
BALL Ball Corp.	0.19%	194,568	$10.3M	Add +56.8%
PSX Phillips 66	0.19%	79,684	$10.3M	New
GM General Motors Co.	0.19%	126,165	$10.3M	New
ALB Albemarle Corp.	0.18%	71,348	$10.1M	Add +1444.3%
MDLZ Mondelez International Inc. Class A	0.18%	184,326	$9.9M	New
BIIB Biogen Inc.	0.18%	55,560	$9.8M	New
EXPE Expedia Group Inc.	0.18%	34,485	$9.8M	New
UNH Unitedhealth Group Inc.	0.17%	28,931	$9.6M	New
NOVT Novanta Inc.	0.17%	79,745	$9.5M	New
ON On Semiconductor	0.17%	174,120	$9.4M	Add +41.1%
MSFT Microsoft Corp.	0.17%	19,215	$9.3M	Reduce -64.8%
ZTS Zoetis Inc.	0.17%	73,718	$9.3M	New
ROIV Roivant Sciences Ltd.	0.17%	425,565	$9.2M	Add +761.3%
DD Dupont DE Nemours Inc.	0.17%	227,700	$9.2M	Add +5471.3%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.16%	134,300	$9.1M	New
LRCX Lam Research Corp.	0.16%	52,020	$8.9M	Reduce -60.0%
RGLD Royal Gold Inc.	0.16%	39,833	$8.9M	New
MDLN Medline Inc. Class A	0.16%	210,391	$8.8M	New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC	0.16%	112,802	$8.8M	Reduce -28.3%
AVTR Avantor Inc.	0.16%	755,396	$8.7M	Add +37.2%
NNOX Nano-X Imaging Ltd.	0.15%	3,008,730	$8.4M	New
NVRI Enviri Corp.	0.15%	469,343	$8.4M	New
MANH Manhattan Associates Inc.	0.15%	48,155	$8.3M	New
THC Tenet Healthcare Corp.	0.15%	41,085	$8.2M	Add +1874.3%
MU Micron Technology Inc.	0.15%	28,601	$8.2M	Reduce -77.0%
BKKT Bakkt Inc. filed as BAKKT HOLDINGS INC	0.15%	812,640	$8.2M	No change
AXTA Axalta Coating Systems Ltd.	0.15%	249,094	$8.0M	New
GLXY Galaxy Digital Inc. Class A	0.14%	353,277	$7.9M	Add +19.1%
STZ Constellation Brands Inc. Class A	0.14%	56,613	$7.8M	Add +68.7%
AVY Avery Dennison Corp.	0.14%	41,400	$7.5M	New
AIV Apartment Invt & Mgmt Co. Class A	0.13%	1,250,000	$7.4M	Add +0.2%
ARWR Arrowhead Pharmaceuticals Inc.	0.13%	111,375	$7.4M	New
CDW CDW Corp.	0.13%	54,000	$7.4M	New
AAL American Airlines Group Inc.	0.13%	472,806	$7.2M	New
HUM Humana Inc.	0.13%	28,206	$7.2M	Add +4.5%
FWDI Forward Industries Inc.	0.13%	1,081,082	$7.1M	No change
DOW Dow Inc.	0.13%	305,200	$7.1M	New
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC	0.13%	91,660	$7.1M	Add +1800.9%
MPC Marathon Petroleum Corp.	0.12%	42,050	$6.8M	Add +1348.0%
GFS Globalfoundries Inc.	0.12%	195,444	$6.8M	New
VRSK Verisk Analytics Inc.	0.12%	30,316	$6.8M	Add +76.0%
VSAT Viasat Inc.	0.12%	193,840	$6.7M	New
M Macy's Inc.	0.12%	295,350	$6.5M	New
BWA Borgwarner Inc.	0.12%	143,786	$6.5M	New
KFY Korn Ferry	0.12%	97,958	$6.5M	New
DAY Dayforce Inc.	0.12%	93,188	$6.4M	New
VTRS Viatris Inc.	0.11%	485,308	$6.0M	Add +1049.0%
DEFT Defi Technologies Inc.	0.11%	7,991,969	$6.0M	Reduce -12.5%
HD Home Depot Inc.	0.11%	17,500	$6.0M	New
WULF Terawulf Inc.	0.11%	521,094	$6.0M	Add +365.4%
FAF First American Financial	0.11%	97,020	$6.0M	New
AUB Atlantic Union Bankshares Co.	0.11%	167,282	$5.9M	New
MAS Masco Corp.	0.10%	91,496	$5.8M	New
CADE Cadence Bank	0.10%	135,082	$5.8M	New
STRL Sterling Infrastructure Inc.	0.10%	18,447	$5.6M	New
ENPH Enphase Energy Inc.	0.10%	171,249	$5.5M	Reduce -55.8%
CMG Chipotle Mexican Grill Inc.	0.10%	145,628	$5.4M	Reduce -22.2%
MSI Motorola Solutions Inc.	0.10%	13,959	$5.4M	New
GRMN Garmin Ltd.	0.09%	25,511	$5.2M	Add +511.2%
KROS Keros Therapeutics Inc.	0.09%	254,063	$5.2M	New
DDOG Datadog Inc. Class A	0.09%	37,785	$5.1M	New
DY Dycom Industries Inc.	0.09%	14,982	$5.1M	New
EXE Expand Energy Corp.	0.09%	45,802	$5.1M	New
LBTYA Liberty Global Ltd. Class A	0.09%	448,279	$5.0M	Reduce -32.7%
MBC Masterbrand Inc.	0.09%	438,019	$4.8M	Add +21.6%
SYY Sysco Corp.	0.09%	65,193	$4.8M	Add +1542.1%
FTV Fortive Corp.	0.09%	86,160	$4.8M	New
LCII Lci Industries	0.09%	39,168	$4.8M	New
SIRI Sirius XM Holdings Inc.	0.09%	236,149	$4.7M	Add +21.1%
KMX Carmax Inc.	0.08%	119,130	$4.6M	New
MSOS Advisorshares Pure US Cann	0.08%	946,937	$4.5M	New
SVIA Silvia Inc. filed as PROCAP FINL INC	0.08%	1,249,824	$4.4M	New
HBAN Huntington Bancshares Inc.	0.08%	253,021	$4.4M	New
MLTX Moonlake Immunotherapeutics	0.08%	332,961	$4.4M	New
LUV Southwest Airlines Co.	0.08%	105,918	$4.4M	New
BBWI Bath & Body Works Inc.	0.08%	212,075	$4.3M	New
XOM Exxon Mobil Corp.	0.08%	35,040	$4.2M	Reduce -54.0%
TFC Truist Financial Corp.	0.08%	84,965	$4.2M	Add +356.6%
CI The Cigna Group	0.08%	15,173	$4.2M	Reduce -55.7%
CIEN Ciena Corp.	0.07%	17,740	$4.1M	Reduce -27.3%
ECHO Echostar Corp. Class A	0.07%	38,000	$4.1M	Reduce -68.6%
PB Prosperity Bancshares Inc.	0.07%	59,698	$4.1M	New
CRH CRH PLC	0.07%	32,820	$4.1M	New
HOG Harley-Davidson Inc.	0.07%	199,404	$4.1M	New
CIFR Cipher Digital Inc.	0.07%	275,641	$4.1M	Reduce -48.5%
SATL Satellogic Inc. Class A	0.07%	2,167,115	$4.1M	New
NE Noble Corp. PLC	0.07%	139,012	$3.9M	New
VLY Valley National Bancorp	0.07%	335,536	$3.9M	New
LITE Lumentum Holdings Inc.	0.07%	10,439	$3.8M	Reduce -63.4%
EG Everest Group Ltd.	0.07%	11,220	$3.8M	New
PARR Par Pacific Holdings Inc.	0.07%	103,620	$3.6M	New
FRMI Fermi Inc.	0.07%	454,263	$3.6M	New
JCI Johnson Controls Internation	0.06%	29,568	$3.5M	Add +154.0%
NYT New York Times Co. Class A	0.06%	50,134	$3.5M	Reduce -45.2%
BSOL Bitwise Solana Staking ETF	0.06%	211,568	$3.5M	New
OLN Olin Corp.	0.06%	164,152	$3.4M	Add +218.6%
HLI Houlihan Lokey Inc.	0.06%	19,558	$3.4M	New
LULU Lululemon Athletica Inc.	0.06%	16,262	$3.4M	New
RMBS Rambus Inc.	0.06%	36,300	$3.3M	New
IREN Iren Ltd. filed as IREN LIMITED	0.06%	88,196	$3.3M	New
EMPD Empery Digital Inc.	0.06%	728,904	$3.3M	Add +1084.1%
AMP Ameriprise Financial Inc.	0.06%	6,776	$3.3M	New
ZION Zions Bancorp NA	0.06%	56,725	$3.3M	New
AOS Smith (a.o.) Corp.	0.06%	49,634	$3.3M	Add +730.6%
CAT Caterpillar Inc.	0.06%	5,794	$3.3M	New
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.06%	59,814	$3.3M	New
AMKR Amkor Technology Inc.	0.06%	82,516	$3.3M	New
GOOGL Alphabet Inc. Class A	0.06%	10,246	$3.2M	New
NVT Nvent Electric PLC	0.06%	31,449	$3.2M	Add +631.7%
NXT Nextpower Inc.	0.06%	35,886	$3.1M	New
PAAS Pan American Silver Corp.	0.05%	57,300	$3.0M	New
SOC Sable Offshore Corp.	0.05%	328,195	$3.0M	Add +48.9%
MRK Merck & Co. Inc.	0.05%	28,117	$3.0M	New
TSN Tyson Foods Inc. Class A	0.05%	50,481	$3.0M	New
TTC Toro Co.	0.05%	37,455	$2.9M	New
DCI Donaldson Co. Inc.	0.05%	32,724	$2.9M	Add +23.5%
AX Axos Financial Inc.	0.05%	33,660	$2.9M	New
EXPD Expeditors Intl Wash Inc.	0.05%	19,448	$2.9M	New
BANC Banc of California Inc.	0.05%	149,572	$2.9M	New
ORI Old Republic Intl Corp.	0.05%	62,726	$2.9M	Add +443.1%
DAN Dana Inc.	0.05%	119,650	$2.8M	New
PPTA Perpetua Resources Corp.	0.05%	117,200	$2.8M	New
ACI Albertsons Cos Inc. Class A	0.05%	164,838	$2.8M	New
MP MP Materials Corp.	0.05%	55,278	$2.8M	Add +7.0%
GPK Graphic Packaging Holding Co.	0.05%	183,686	$2.8M	Add +818.1%
NLY Annaly Capital Management Inc.	0.05%	123,121	$2.8M	New
CMC Commercial Metals Co.	0.05%	38,940	$2.7M	Add +451.3%
AGI Alamos Gold Inc. Class A	0.05%	69,240	$2.7M	New
ELS Equity Lifestyle Properties	0.05%	43,802	$2.7M	New
FNB FNB Corp.	0.05%	154,111	$2.6M	New
DELL Dell Technologies -C	0.05%	20,856	$2.6M	Reduce -6.8%
REZI Resideo Technologies Inc.	0.05%	73,425	$2.6M	Reduce -65.4%
CGNX Cognex Corp.	0.05%	71,581	$2.6M	New
FTNT Fortinet Inc.	0.05%	32,265	$2.6M	New
REVG Rev Group Inc.	0.05%	41,910	$2.5M	Add +70.5%
MCY Mercury General Corp.	0.05%	26,631	$2.5M	New
BTU Peabody Energy Corp.	0.04%	83,091	$2.5M	New
SOLS Solstice Adv Materials Inc.	0.04%	50,772	$2.5M	New
HIG Hartford Insurance Group Inc.	0.04%	17,853	$2.5M	Add +487.9%
SGRY Surgery Partners Inc.	0.04%	158,589	$2.5M	Reduce -4.8%
DASH DoorDash Inc. Class A	0.04%	10,800	$2.4M	New
RVMD Revolution Medicines Inc.	0.04%	30,022	$2.4M	New
VOYA Voya Financial Inc.	0.04%	31,827	$2.4M	Add +910.4%
MTDR Matador Resources Co.	0.04%	55,630	$2.4M	New
DV Doubleverify Holdings Inc.	0.04%	205,416	$2.3M	Add +6.6%
GTLS Chart Industries Inc.	0.04%	11,302	$2.3M	Add +784.4%
VAL Valaris Ltd.	0.04%	46,116	$2.3M	Add +389.6%
SONO Sonos Inc.	0.04%	131,670	$2.3M	New
CSGP Costar Group Inc.	0.04%	34,320	$2.3M	New
LW Lamb Weston Holdings Inc.	0.04%	54,579	$2.3M	New
SCHW Schwab (charles) Corp.	0.04%	22,662	$2.3M	Reduce -2.2%
UBSI United Bankshares Inc.	0.04%	58,898	$2.3M	New
CUBI Customers Bancorp Inc.	0.04%	30,276	$2.2M	New
PM Philip Morris International	0.04%	13,667	$2.2M	New
LOW Lowe's Cos Inc.	0.04%	9,047	$2.2M	Add +31.8%
CNH CNH Industrial NV	0.04%	235,785	$2.2M	New
ACGL Arch Capital Group Ltd.	0.04%	22,440	$2.2M	New
SYF Synchrony Financial	0.04%	25,770	$2.1M	Reduce -46.1%
SLGN Silgan Holdings Inc.	0.04%	53,108	$2.1M	New
EQX Equinox Gold Corp.	0.04%	151,680	$2.1M	New
AEIS Advanced Energy Industries	0.04%	10,168	$2.1M	New
USAS Americas Gold and Silver Cor	0.04%	410,125	$2.1M	New
INSW International Seaways Inc.	0.04%	42,735	$2.1M	New
CRCL Circle Internet Group Inc.	0.04%	25,614	$2.0M	Reduce -96.3%
XLV SS Health Care Select Sector	0.04%	13,086	$2.0M	New
MAGN Magnera Corp.	0.04%	132,764	$2.0M	Reduce -60.8%
LYB Lyondellbasell Indu Class A	0.04%	46,421	$2.0M	Add +66.7%
SM SM Energy Co.	0.04%	107,227	$2.0M	New
SUPN Supernus Pharmaceuticals Inc.	0.04%	39,971	$2.0M	New
CHH Choice Hotels Intl Inc.	0.04%	20,643	$2.0M	Reduce -47.5%
NWE Northwestern Energy Group Inc.	0.04%	30,444	$2.0M	Reduce -32.5%
WLY Wiley (john) & Sons Class A	0.04%	63,858	$2.0M	Add +96.6%
NOW ServiceNow Inc.	0.04%	12,705	$1.9M	New
ACMR Acm Research Inc. Class A	0.04%	49,170	$1.9M	New
FFIN First Finl Bankshares Inc.	0.03%	64,764	$1.9M	New
VLTO Veralto Corp.	0.03%	19,341	$1.9M	Reduce -38.2%
PTEN Patterson-Uti Energy Inc.	0.03%	315,832	$1.9M	New
QRVO Qorvo Inc.	0.03%	22,686	$1.9M	Reduce -77.9%
V Visa Inc. Class A	0.03%	5,393	$1.9M	Reduce -72.2%
COHR Coherent Corp.	0.03%	10,230	$1.9M	New
GNW Genworth Financial Inc.	0.03%	208,476	$1.9M	New
AGNC AGNC Investment Corp.	0.03%	175,443	$1.9M	New
HCA HCA Healthcare Inc.	0.03%	3,996	$1.9M	Reduce -81.7%
WSO Watsco Inc.	0.03%	5,519	$1.9M	New
TMDX Transmedics Group Inc.	0.03%	15,264	$1.9M	New
HMY Harmony Gold MNG-Spon ADR	0.03%	92,640	$1.8M	Reduce -34.4%
OR Or Royalties Inc.	0.03%	51,720	$1.8M	New
MOG.A Moog Inc. Class A	0.03%	7,512	$1.8M	New
JOE The St Joe Co.	0.03%	30,060	$1.8M	New
ASB Associated Banc-Corp.	0.03%	69,126	$1.8M	New
CVI CVR Energy Inc.	0.03%	68,640	$1.7M	New
BPOP Popular Inc.	0.03%	13,944	$1.7M	New
CBT Cabot Corp.	0.03%	25,783	$1.7M	New
IAG Iamgold Corp.	0.03%	103,560	$1.7M	New
DINO HF Sinclair Corp.	0.03%	36,948	$1.7M	Add +385.0%
TREX Trex Company Inc.	0.03%	48,390	$1.7M	New
PYPL PayPal Holdings Inc.	0.03%	28,988	$1.7M	Add +97.1%
ED Consolidated Edison Inc.	0.03%	16,889	$1.7M	New
IRDM Iridium Communications Inc.	0.03%	96,497	$1.7M	Reduce -16.9%
PAG Penske Automotive Group Inc.	0.03%	10,582	$1.7M	New
MET Metlife Inc.	0.03%	21,021	$1.7M	New
PRG Prog Holdings Inc.	0.03%	56,245	$1.7M	Add +577.3%
INTC Intel Corp.	0.03%	44,610	$1.6M	New
RRR Red Rock Resorts Inc. Class A	0.03%	26,565	$1.6M	New
OI O-I Glass Inc.	0.03%	109,866	$1.6M	New
CBSH Commerce Bancshares Inc.	0.03%	30,690	$1.6M	New
VIAV Viavi Solutions Inc.	0.03%	89,346	$1.6M	New
ACAD Acadia Pharmaceuticals Inc.	0.03%	58,740	$1.6M	New
MTG Mgic Investment Corp.	0.03%	53,361	$1.6M	Reduce -6.2%
SMG Scotts Miracle-Gro Co.	0.03%	25,587	$1.5M	New
NBHC National Bank Hold Class A	0.03%	38,613	$1.5M	New
OZK Bank Ozk	0.03%	31,824	$1.5M	New
BKH Black Hills Corp.	0.03%	20,823	$1.4M	New
FULT Fulton Financial Corp.	0.03%	73,649	$1.4M	New
RGTI Rigetti Computing Inc.	0.03%	64,124	$1.4M	New
BLCO Bausch + Lomb Corp.	0.03%	82,937	$1.4M	Reduce -50.4%
BETA Beta Technologies Inc. Class A	0.03%	50,000	$1.4M	New
L Loews Corp.	0.03%	13,365	$1.4M	Add +234.6%
UTHR United Therapeutics Corp.	0.03%	2,880	$1.4M	New
RMD Resmed Inc.	0.03%	5,769	$1.4M	Add +80.1%
KR Kroger Co.	0.03%	22,139	$1.4M	New
SRE Sempra	0.02%	15,561	$1.4M	New
OC Owens Corning	0.02%	12,015	$1.3M	New
ICFI Icf International Inc.	0.02%	15,571	$1.3M	Add +68.9%
LNG Cheniere Energy Inc.	0.02%	6,798	$1.3M	New
CTBI Community Trust Bancorp Inc.	0.02%	22,869	$1.3M	New
DBX Dropbox Inc. Class A	0.02%	44,880	$1.2M	Reduce -42.3%
ANET Arista Networks Inc.	0.02%	9,520	$1.2M	Reduce -92.8%
HOMB Home Bancshares Inc.	0.02%	44,756	$1.2M	Add +204.5%
DGII Digi International Inc.	0.02%	28,710	$1.2M	New
WING Wingstop Inc.	0.02%	5,181	$1.2M	New
GAP The Gap Inc.	0.02%	48,186	$1.2M	Add +40.4%
MHK Mohawk Industries Inc.	0.02%	10,740	$1.2M	New
ITRG Integra Resources Corp.	0.02%	292,223	$1.2M	No change
SSRM SSR Mining Inc.	0.02%	53,340	$1.2M	New
LSTR Landstar System Inc.	0.02%	8,118	$1.2M	New
CMI Cummins Inc.	0.02%	2,271	$1.2M	Reduce -82.0%
KMI Kinder Morgan Inc.	0.02%	42,024	$1.2M	Reduce -91.0%
AMN Amn Healthcare Services Inc.	0.02%	72,521	$1.1M	Reduce -23.4%
UTF Cohen & Steers Infrastructur	0.02%	47,150	$1.1M	New
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP	0.02%	17,325	$1.1M	New
SFNC Simmons First Natl Corp. Class A	0.02%	59,016	$1.1M	New
PNFP Pinnacle Financial Partners	0.02%	11,616	$1.1M	New
ATLX Atlas Lithium Inc.	0.02%	261,692	$1.1M	New
IDT Idt Corp. Class B	0.02%	21,558	$1.1M	New
WAFD Wafd Inc.	0.02%	34,352	$1.1M	New
NHC National Healthcare Corp.	0.02%	8,012	$1.1M	Add +102.3%
SBH Sally Beauty Holdings Inc.	0.02%	76,725	$1.1M	Add +62.0%
FSLR First Solar Inc.	0.02%	4,148	$1.1M	New
ANDE The Andersons Inc.	0.02%	20,371	$1.1M	Reduce -45.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.02%	15,346	$1.1M	New
CELH Celsius Holdings Inc.	0.02%	23,346	$1.1M	Add +14.3%
FIGR Figure Technology Solut Class A	0.02%	26,112	$1.1M	Reduce -34.7%
LYFT LYFT Inc. Class A	0.02%	53,992	$1.0M	New
BKR Baker Hughes Co.	0.02%	22,964	$1.0M	New
AMD Advanced Micro Devices	0.02%	4,866	$1.0M	Reduce -74.6%
COLL Collegium Pharmaceutical Inc.	0.02%	22,440	$1.0M	New
ABBV Abbvie Inc.	0.02%	4,497	$1.0M	New
CNK Cinemark Holdings Inc.	0.02%	44,123	$1.0M	Reduce -62.6%
WLTH Wealthfront Corp.	0.02%	75,000	$1.0M	New
PHIN Phinia Inc.	0.02%	16,213	$1.0M	New
WEC WEC Energy Group Inc.	0.02%	9,596	$1.0M	Reduce -93.7%
FHB First Hawaiian Inc.	0.02%	39,767	$1.0M	New
HELE Helen of Troy Ltd.	0.02%	47,100	$1.0M	New
EGO Eldorado Gold Corp.	0.02%	27,480	$987K	New
FOXA Fox Corp. Class A	0.02%	13,380	$978K	Reduce -81.8%
FRSH Freshworks Inc. Class A	0.02%	79,614	$975K	Add +138.5%
NBTB N B T Bancorp Inc.	0.02%	23,447	$974K	New
APH Amphenol Corp. Class A	0.02%	7,192	$972K	Reduce -97.2%
HWC Hancock Whitney Corp.	0.02%	15,208	$968K	New
PRA Proassurance Corp.	0.02%	40,003	$966K	New
MGM MGM Resorts International	0.02%	26,484	$966K	New
CEE Central and Eastern Europe F	0.02%	54,399	$963K	New
CSX CSX Corp.	0.02%	26,455	$959K	Reduce -55.9%
CLBT Cellebrite Di Ltd.	0.02%	52,990	$955K	New
MRNA Moderna Inc.	0.02%	32,220	$950K	New
HAFC Hanmi Financial Corporation	0.02%	35,143	$950K	New
KGC Kinross Gold Corp.	0.02%	33,720	$950K	New
MGNI Magnite Inc.	0.02%	58,484	$949K	New
AFL Aflac Inc.	0.02%	8,580	$946K	New
ASH Ashland Inc.	0.02%	15,991	$938K	New
REX Rex American Resources Corp.	0.02%	28,979	$937K	New
DG Dollar General Corp.	0.02%	7,030	$933K	Add +73.5%
PKG Packaging Corp. of America	0.02%	4,463	$920K	New
OWL Blue Owl Capital Inc.	0.02%	61,560	$920K	New
CCBG Capital City Bank Group Inc.	0.02%	21,580	$919K	New
PLAB Photronics Inc.	0.02%	28,626	$916K	Add +10.4%
UCB United Community Banks	0.02%	29,286	$914K	New
DMC Del Monte Corp. filed as FRESH DEL MONTE PRODUCE INC	0.02%	25,432	$906K	New
UBER Uber Technologies Inc.	0.02%	11,055	$903K	New
CWEN Clearway Energy Inc. Class C	0.02%	26,189	$871K	New
ULTA Ulta Beauty Inc.	0.02%	1,386	$839K	Reduce -81.8%
WS Worthington Steel Inc.	0.02%	24,174	$837K	Add +7.3%
SBCF Seacoast Banking Corp.	0.01%	26,043	$818K	New
DKNG Draftkings Inc. Class A	0.01%	23,392	$806K	Add +133.4%
AEO American Eagle Outfitters	0.01%	30,330	$800K	New
SGI Somnigroup International Inc.	0.01%	8,925	$797K	New
AA Alcoa Corp.	0.01%	14,607	$776K	Reduce -56.2%
AU Anglogold Ashanti PLC	0.01%	9,071	$774K	New
FIBK First Interstate Bancsys-A	0.01%	21,846	$756K	New
WLK Westlake Corp.	0.01%	9,928	$734K	New
RSVR Reservoir Media Inc.	0.01%	96,074	$727K	No change
AWK American Water Works Co. Inc.	0.01%	5,475	$714K	Reduce -35.8%
PBI Pitney Bowes Inc.	0.01%	67,134	$710K	Add +82.1%
SOFI Sofi Technologies Inc.	0.01%	26,820	$702K	Reduce -93.8%
CNX CNX Resources Corp.	0.01%	18,840	$693K	New
VC Visteon Corp.	0.01%	7,062	$672K	New
BBIO Bridgebio Pharma Inc.	0.01%	8,613	$659K	New
COR Cencora Inc.	0.01%	1,914	$646K	New
EBC Eastern Bankshares Inc.	0.01%	34,896	$643K	New
WBS Webster Financial Corp.	0.01%	10,164	$640K	Reduce -25.4%
ALLY Ally Financial Inc.	0.01%	14,091	$638K	New
IBCP Independent Bank Corp. - Mich	0.01%	19,343	$629K	New
WKC World Kinect Corp.	0.01%	26,102	$612K	New
LUMN Lumen Technologies Inc.	0.01%	77,055	$599K	Reduce -89.3%
HCSG Healthcare Services Group	0.01%	30,889	$591K	New
KHC The Kraft Heinz Co.	0.01%	23,730	$575K	New
NWN Northwest Natural Holding Co.	0.01%	12,297	$575K	New
SWBI Smith & Wesson Brands Inc.	0.01%	57,834	$571K	New
FFBC First Financial Bancorp	0.01%	21,681	$542K	New
MRT Marti Technologies Inc.	0.01%	228,278	$541K	Reduce -25.7%
LBTYK Liberty Global Ltd. Class C	0.01%	48,815	$539K	Reduce -51.9%
ORRF Orrstown Finl Services Inc.	0.01%	15,151	$537K	New
SLMT Brera Holdings PLC Class B	0.01%	283,265	$530K	Reduce -75.3%
EIG Employers Holdings Inc.	0.01%	12,036	$520K	New
LNC Lincoln National Corp.	0.01%	11,620	$517K	New
MGPI MGP Ingredients Inc.	0.01%	21,240	$516K	New
ADAM Adamas Trust Inc.	0.01%	69,876	$510K	New
TOL Toll Brothers Inc.	0.01%	3,762	$509K	New
OGS One Gas Inc.	0.01%	6,468	$500K	New
NOV Nov Inc.	0.01%	31,876	$498K	New
AGRO Adecoagro SA	0.01%	62,674	$497K	No change
OGN Organon & Co.	0.01%	68,904	$494K	Reduce -32.6%
CEVA Ceva Inc.	0.01%	22,920	$493K	New
HTH Hilltop Holdings Inc.	0.01%	14,496	$492K	New
GNK Genco Shipping & Trading Ltd.	0.01%	26,646	$491K	New
CNCK Coincheck Group NV	0.01%	194,081	$489K	Reduce -54.4%
GNTA Genenta Science SPA - ADR	0.01%	322,026	$480K	New
AIG American International Group	0.01%	5,588	$478K	New
FLNC Fluence Energy Inc.	0.01%	23,880	$472K	New
WT Wisdomtree Inc.	0.01%	38,445	$469K	New
EBS Emergent Biosolutions Inc.	0.01%	37,785	$467K	New
GFI Gold Fields Ltd.-Spons ADR	0.01%	10,620	$464K	New
MNST Monster Beverage Corp.	0.01%	6,020	$462K	New
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU	0.01%	16,500	$459K	New
LVS Las Vegas Sands Corp.	0.01%	7,020	$457K	Reduce -91.9%
WAL Western Alliance Bancorp	0.01%	5,087	$428K	Reduce -76.0%
KBH KB Home	0.01%	7,380	$416K	Reduce -64.8%
WSBC Wesbanco Inc.	0.01%	12,444	$414K	New
RKT Rocket Cos Inc. Class A	0.01%	21,306	$412K	Reduce -90.4%
THRY Thryv Holdings Inc.	0.01%	66,840	$404K	New
AROC Archrock Inc.	0.01%	15,330	$399K	Reduce -4.6%
LLY Eli Lilly & Co.	0.01%	368	$395K	New
QXO Qxo Inc.	0.01%	20,444	$394K	New
XERS Xeris Biopharma Holdings Inc.	0.01%	50,001	$393K	No change
CNNE Cannae Holdings Inc.	0.01%	24,660	$388K	Reduce -18.8%
MTCH Match Group Inc.	0.01%	11,640	$376K	Reduce -54.5%
SON Sonoco Products Co.	0.01%	8,458	$369K	New
APP AppLovin Corp. Class A	0.01%	546	$368K	New
PRIM Primoris Services Corp.	0.01%	2,954	$367K	New
PFBC Preferred Bank/Los Angeles	0.01%	3,879	$366K	New
AG First Majestic Silver Corp.	0.01%	21,780	$363K	New
ARI Apollo Commercial Real Estat	0.01%	37,162	$360K	New
ASIX Advansix Inc.	0.01%	20,760	$359K	New
PFE Pfizer Inc.	0.01%	14,410	$359K	New
AMT American Tower Corp.	0.01%	1,838	$323K	New
NOG Northern Oil and Gas Inc.	0.01%	14,821	$317K	New
PFS Provident Financial Services	0.01%	15,345	$303K	New
WBI Waterbridge Infrastruc Class A	0.01%	15,000	$300K	Reduce -70.0%
NFLX Netflix Inc.	0.01%	3,170	$297K	New
DLTR Dollar Tree Inc.	0.01%	2,266	$279K	Reduce -95.8%
GETY Getty Images Holdings Inc.	0.01%	206,245	$276K	New
WABC Westamerica Bancorporation	0.00%	5,709	$273K	New
MMS Maximus Inc.	0.00%	3,003	$259K	New
BKU Bankunited Inc.	0.00%	5,775	$257K	New
SIGI Selective Insurance Group	0.00%	3,036	$254K	New
GME Gamestop Corp. Class A	0.00%	12,493	$251K	New
CDE Coeur Mining Inc.	0.00%	13,961	$249K	New
FRT Federal Realty Invs Trust	0.00%	2,430	$245K	New
CFFN Capitol Federal Financial Inc.	0.00%	34,683	$236K	New
WSFS WSFS Financial Corp.	0.00%	4,257	$235K	New
CLF Cleveland-Cliffs Inc.	0.00%	17,663	$235K	New
DOC Healthpeak Properties Inc.	0.00%	14,553	$234K	New
MIR Mirion Technologies Inc.	0.00%	9,720	$228K	New
SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC	0.00%	13,056	$220K	New
MCHP Microchip Technology Inc.	0.00%	3,458	$220K	New
AGIG Abundia Global Impact Group	0.00%	107,473	$213K	New
TRST Trustco Bank Corp. NY	0.00%	5,019	$207K	New
HOPE Hope Bancorp Inc.	0.00%	17,160	$188K	New
VFS Vinfast Auto Ltd.	0.00%	49,699	$166K	No change
AMBP Ardagh Metal Packaging SA	0.00%	39,700	$163K	New
QS Quantumscape Corp.	0.00%	15,398	$160K	New
UWMC Uwm Holdings Corp.	0.00%	19,331	$85K	New
DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN	0.00%	11,989	$77K	New
CORZ Core Scientific Inc.	0.00%	1,081	$16K	New
NIO Nio Inc. - ADR	0.00%	595	$3K	No change
DISTOKEN ACQUISITION CORP	0.00%	123,504	$1K	No change
CSWC Capital Southwest Corp.	0.00%	44	$975	New
MPT Medical Properties Trust Inc.	0.00%	1	$5	No change

Options reported separately and not counted above: MSTR puts ($322.3M), MPT puts ($39.7M), SPY puts ($31.7M), GOOGL puts ($21.9M), META puts ($19.8M), ENPH puts ($16.0M), MSFT puts ($14.5M), AAL puts ($11.8M), VG puts ($11.0M), ETHA puts ($11.0M), VZ puts ($8.1M), SOC puts ($6.3M), and 3 more.

Other holdings (59): bonds, preferreds, convertibles and warrants · $1.5B (not counted above)

Security	Class	Shares / Principal	Value	Change
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	59,897,000	$247.3M	Reduce -0.3%
STRATEGY INC (MSTR 0.625 09/15/28)	NOTE 0.625% 9/1 · principal	149,213,000	$175.1M	Add +56.6%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	129,000,000	$134.7M	New
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29)	NOTE 3.500% 3/0 · principal	111,079,000	$99.4M	Reduce -19.3%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	50,624,000	$95.6M	Reduce -25.1%
UGI CORP (UGI 5 06/01/28)	NOTE 5.000% 6/0 · principal	60,390,000	$85.6M	New
GUESS INC (GES 3.75 04/15/28)	NOTE 3.750% 4/1 · principal	84,105,000	$83.6M	Add +13.5%
SUNRUN INC (RUN 4 03/01/30)	NOTE 4.000% 3/0 · principal	56,977,000	$80.8M	Reduce -23.0%
GREENBRIER COS INC (GBX 2.875 04/15/28)	NOTE 2.875% 4/1 · principal	52,930,000	$57.3M	Add +134.4%
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27)	NOTE 2.500% 7/1 · principal	42,350,000	$57.2M	No change
WEIBO CORP (WB 1.375 12/01/30)	NOTE 1.375%12/0 · principal	47,043,000	$54.6M	Reduce -24.2%
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	53,010,000	$49.2M	Add +38.1%
STRATEGY INC (MSTR 0 12/01/29)	NOTE 12/0 · principal	50,862,000	$41.9M	New
EPR PROPERTIES (EPR 5.75 PERP C)	PFD C CV 5.75%	1,626,702	$36.9M	Add +134.3%
NIO INC (NIO 3.875 10/15/29)	NOTE 3.875%10/1 · principal	28,642,000	$27.6M	Reduce -32.8%
STRATEGY INC (MSTR 0.625 03/15/30)	NOTE 0.625% 3/1 · principal	20,000,000	$25.4M	New
FLUOR CORP (FLR 1.125 08/15/29)	NOTE 1.125% 8/1 · principal	19,321,000	$22.1M	New
SOUTHERN CO (SO 7.125 12/15/28 A)	UNIT 12/15/2028	368,563	$18.3M	New
NUTANIX INC (NTNX 0.5 12/15/29)	NOTE 0.500%12/1 · principal	16,189,000	$15.6M	New
AEROVIRONMENT INC (AVAV 0 07/15/30)	NOTE 7/1 · principal	10,000,000	$10.9M	Reduce -20.0%
TETRA TECH INC (TTEK 2.25 08/15/28)	DBCV 2.250% 8/1 · principal	10,000,000	$10.9M	New
KOSMOS ENERGY LTD (KOS 3.125 03/15/30)	NOTE 3.125% 3/1 · principal	23,100,000	$10.0M	No change
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28)	NOTE 1.750% 8/1 · principal	10,000,000	$9.6M	New
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27)	UNIT 02/01/2027	75,553	$9.6M	Reduce -31.7%
EPR PROPERTIES (EPR 9 PERP E)	CONV PFD 9% SR E	315,553	$9.5M	Add +7.1%
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	10,000,000	$9.1M	Reduce -36.0%
HERBALIFE LTD (HLF 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	5,720,000	$6.2M	New
CORZW Core Scientific Inc. - 27	*W EXP 01/23/202	714,154	$6.0M	No change
FRESHPET INC (FRPT 3 04/01/28)	NOTE 3.000% 4/0 · principal	5,000,000	$5.9M	New
CLEANSPARK INC (CLSK 0 06/15/30)	NOTE 6/1 · principal	5,000,000	$5.2M	New
HTZWW Hertz Global Hldgs Inc. -CW51	*W EXP 06/30/205	1,573,779	$4.2M	No change
DYNAVAX TECHNOLOGIES CORP	DEBT 2.000% 3/1 · principal	4,000,000	$4.2M	New
ITRON INC (ITRI 1.375 07/15/30)	NOTE 1.375% 7/1 · principal	2,500,000	$2.5M	New
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29)	NOTE 5.125%11/1 · principal	1,466,000	$1.5M	Reduce -77.2%
GENVR Gen Digital Inc. - CVR	RIGHT 99/99/9999	240,000	$1.1M	No change
ACHR.WS Archer Aviation Inc. -CW26	*W EXP 09/16/202	533,675	$611K	No change
AUROW Aurora Innovation Inc. -CW28	*W EXP 11/03/202	860,408	$196K	No change
AIRJW Power & Digital Acq -CW24	*W EXP 03/15/202	148,029	$129K	No change
BCSS.WS Bain Capital GSS Investment	*W EXP 01/01/202	187,424	$122K	Reduce -14.8%
TONT.WS Graf Global Corp.- 29	*W EXP 05/31/203	213,794	$97K	New
DFDVW Defi Development Corp.	*W EXP 01/21/202	59,998	$91K	New
HOVRW Pono Capital Three Inc.-A-28	*W EXP 02/14/202	275,000	$88K	No change
LATAW Galata Acquisition Corp. - 30	*W EXP 09/12/203	193,928	$73K	New
RAC.WS Rithm Acquisition Corp. - 30	*W EXP 99/99/999	120,646	$72K	No change
RVMDW Revolution Medicines Inc.-28	*W EXP 12/17/202	73,640	$69K	No change
SBCWW Pono Capital Two Inc. -27	*W EXP 09/17/202	229,192	$53K	No change
BLZRW Trailblazer Acqui Corp. -30	*W EXP 09/30/203	98,860	$47K	New
NHICW Newhold Investment Corp. - 30	*W EXP 01/30/203	110,050	$46K	Reduce -21.0%
OACCW Oaktree Acquisition III -31	*W EXP 09/01/203	64,860	$46K	New
CCIIW Cohen Circle Acq II -30	*W EXP 07/01/203	55,544	$39K	New
RTACW Renatus Tactical Acqu - 30	*W EXP 05/15/203	45,881	$37K	New
HCMAW HCM III Acquisition Corp. -30	*W EXP 07/23/203	60,391	$29K	Reduce -54.7%
DNMXW Dynamix Corp. III	*W EXP 10/10/203	76,300	$26K	New
ALDFW Aldel Financial II Inc. - 29	*W EXP 09/26/203	51,194	$21K	Reduce -81.2%
BTMWQ Bitcoin Depot Inc.-CW23	*W EXP 06/30/202	175,385	$20K	Reduce -45.1%
TALKW Hudson Executive Inv -CW25	*W EXP 06/21/202	1,000,000	$15K	No change
CPTWF Captivision Inc.-28	*W EXP 11/15/202	295,892	$4K	No change
ORGNW Origin Materials -CW26	*W EXP 06/25/202	888,494	$3K	No change
SWVLW Pivotal Holdings Corp. -CW27	*W EXP 99/99/999	131,100	$996	No change

Total filed on the 13F, all lines: $7.1B.

Portfolio Sells Q3 2025 → Q4 2025


MSTR Strategy Inc.	Reduce -29.0%	2.71%	−5.25
IBIT iShares Bitcoin Trust ETF	Reduce -22.4%	7.00%	−4.63
K Kellanova	Sold out	0.00%	−4.60
ETHA iShares Ethereum Trust ETF	Reduce -73.3%	0.86%	−3.59
TSLA Tesla Inc.	Reduce -81.7%	0.74%	−3.21
COIN Coinbase Global Inc. Class A	Reduce -74.5%	0.56%	−2.67
CRCL Circle Internet Group Inc.	Reduce -96.3%	0.04%	−1.61
SMCI Super Micro Computer Inc.	Reduce -43.8%	0.53%	−0.99
COP Conocophillips	Sold out	0.00%	−0.77
BRK.B Berkshire Hathaway Inc. Class B	Sold out	0.00%	−0.75
OMC Omnicom Group	Reduce -72.3%	0.29%	−0.75
AVGO Broadcom Inc.	Reduce -77.4%	0.23%	−0.71
SLMT Brera Holdings PLC Class B	Reduce -75.3%	0.01%	−0.60
APH Amphenol Corp. Class A	Reduce -97.2%	0.02%	−0.55
SPGI S&P Global Inc.	Sold out	0.00%	−0.52
ZK Zeekr Intelligent Techno-ADR	Sold out	0.00%	−0.50
AKRO Akero Therapeutics Inc.	Sold out	0.00%	−0.41
GOOG Alphabet Inc. Class C	Reduce -62.6%	0.39%	−0.40
CYBR Cyberark Software Ltd./Israel	Reduce -11.8%	1.82%	−0.38
ETNB 89BIO Inc.	Sold out	0.00%	−0.37
STRIVE INC	Sold out	0.00%	−0.35
IR Ingersoll-Rand Inc.	Sold out	0.00%	−0.34
MSFT Microsoft Corp.	Reduce -64.8%	0.17%	−0.34
VST Vistra Corp.	Sold out	0.00%	−0.32
ANET Arista Networks Inc.	Reduce -92.8%	0.02%	−0.32
LSCC Lattice Semiconductor Corp.	Sold out	0.00%	−0.31
ABT Abbott Laboratories	Sold out	0.00%	−0.31
FE Firstenergy Corp.	Sold out	0.00%	−0.29
WEC WEC Energy Group Inc.	Reduce -93.7%	0.02%	−0.29
SCPH Scpharmaceuticals Inc.	Sold out	0.00%	−0.29
RPRX Royalty Pharma PLC Class A	Sold out	0.00%	−0.29
AEM Agnico Eagle Mines Ltd.	Sold out	0.00%	−0.28
ADSK Autodesk Inc.	Sold out	0.00%	−0.27
DIS The Walt Disney Co.	Sold out	0.00%	−0.25
INVA Innoviva Inc.	Sold out	0.00%	−0.25
MKSI MKS Inc.	Sold out	0.00%	−0.24
MRUS Merus NV	Sold out	0.00%	−0.24
DEFT Defi Technologies Inc.	Reduce -12.5%	0.11%	−0.23
NRG NRG Energy Inc.	Sold out	0.00%	−0.22
WPM Wheaton Precious Metals Corp.	Sold out	0.00%	−0.22
MU Micron Technology Inc.	Reduce -77.0%	0.15%	−0.22
SITC Site Centers Corp.	Reduce -22.3%	0.28%	−0.22
KMI Kinder Morgan Inc.	Reduce -91.0%	0.02%	−0.22
B Barrick Mining Corp.	Sold out	0.00%	−0.21
O Realty Income Corp.	Sold out	0.00%	−0.21
P Everpure Inc. Class A	Sold out	0.00%	−0.20
CCL Carnival Corp.	Sold out	0.00%	−0.20
BCSS.U Bain Capital GSS Investment	Sold out	0.00%	−0.20
SOFI Sofi Technologies Inc.	Reduce -93.8%	0.01%	−0.19
LMT Lockheed Martin Corp.	Sold out	0.00%	−0.19

Portfolio Buys Q3 2025 → Q4 2025


NVDA Nvidia Corp.	Add +13.6%	22.37%	+2.96
RNAM Avidity Biosciences Inc.	New	2.82%	+2.82
AVDL Avadel Pharmaceuticals Ltd.	New	1.76%	+1.76
ADP Automatic Data Processing	New	1.49%	+1.49
EXAS Exact Sciences Corp.	Add +802.9%	1.56%	+1.47
KVUE Kenvue Inc.	Add +1589.6%	1.52%	+1.44
LIN Linde PLC	New	1.15%	+1.15
EQIX Equinix Inc.	New	1.01%	+1.01
THS Treehouse Foods Inc.	New	0.92%	+0.92
CDTX Cidara Therapeutics Inc.	New	0.90%	+0.90
PFG Principal Financial Group	Add +597.5%	0.97%	+0.84
GILD Gilead Sciences Inc.	New	0.76%	+0.76
NNE Nano Nuclear Energy Inc.	New	0.69%	+0.69
NKE Nike Inc. Class B	New	0.68%	+0.68
ITW Illinois Tool Works	Add +1387.5%	0.73%	+0.68
WBD Warner Bros Discovery Inc.	Add +3847.8%	0.67%	+0.66
BX Blackstone Inc.	Add +4303.5%	0.68%	+0.66
ACN Accenture PLC Class A	New	0.64%	+0.64
CMCSA Comcast Corp. Class A	Add +3671.2%	0.61%	+0.60
ARES Ares Management Corp. Class A	New	0.59%	+0.59
CAN Canaan Inc.	New	0.54%	+0.54
SO The Southern Co.	New	0.52%	+0.52
NGD New Gold Inc.	New	0.49%	+0.49
FOLD Amicus Therapeutics Inc.	New	0.49%	+0.49
MLM Martin Marietta Materials	New	0.47%	+0.47
HUT Hut 8 Corp.	Add +503.4%	0.53%	+0.46
BMNR Bitmine Immersion Technologi	New	0.46%	+0.46
DVN Devon Energy Corp.	Add +373.3%	0.57%	+0.45
APD Air Products & Chemicals Inc.	New	0.45%	+0.45
PG The Procter & Gamble Co.	New	0.44%	+0.44
CTVA Corteva Inc.	Add +6097.3%	0.43%	+0.42
TTD Trade Desk Inc./the Class A	New	0.42%	+0.42
SUNC Sunococorp LLC	New	0.42%	+0.42
A Agilent Technologies Inc.	New	0.42%	+0.42
JNJ Johnson & Johnson	New	0.38%	+0.38
LKQ LKQ Corp.	Add +1394.3%	0.41%	+0.38
SW Smurfit Westrock PLC	New	0.37%	+0.37
NWAX.U New America Acquisition I Co.	New	0.35%	+0.35
SHW The Sherwin-Williams Co.	New	0.35%	+0.35
LPLA LPL Financial Holdings Inc.	New	0.34%	+0.34
CHRD Chord Energy Corp.	New	0.33%	+0.33
FCX Freeport-McMoran Inc.	New	0.33%	+0.33
IP International Paper Co.	New	0.32%	+0.32
ECL Ecolab Inc.	New	0.32%	+0.32
RKLB Rocket Lab Corp.	New	0.31%	+0.31
FN Fabrinet	New	0.31%	+0.31
HL Hecla Mining Co.	New	0.29%	+0.29
QCOM Qualcomm Inc.	New	0.29%	+0.29
VMC Vulcan Materials Co.	New	0.29%	+0.29
NUE Nucor Corp.	New	0.29%	+0.29

Options Activity Q3 2025 → Q4 2025


MSTR Strategy Inc.	put	Reduce -33.8%	2,121,200	$322.3M
NVDA Nvidia Corp.	put	Sold out	1,000,000	$186.6Mbefore exit
IBIT iShares Bitcoin Trust ETF	put	Sold out	2,200,000	$143.0Mbefore exit
MPT Medical Properties Trust Inc.	put	Reduce -1.3%	7,948,400	$39.7M
AVGO Broadcom Inc.	put	Sold out	100,000	$33.0Mbefore exit
GOOGL Alphabet Inc. Class A	put	New	70,000	$21.9M
META Meta Platforms Inc. Class A	put	New	30,000	$19.8M
ENPH Enphase Energy Inc.	put	Reduce -50.0%	500,000	$16.0M
MSFT Microsoft Corp.	put	New	30,000	$14.5M
AAL American Airlines Group Inc.	put	Reduce -82.6%	771,700	$11.8M
VG Venture Global Inc. Class A	put	New	1,617,400	$11.0M
ETHA iShares Ethereum Trust ETF	put	Reduce -80.3%	490,000	$11.0M
OSCR Oscar Health Inc. Class A	put	Sold out	500,000	$9.5Mbefore exit
VZ Verizon Communications Inc.	put	New	200,000	$8.1M

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


INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	Reduce -0.3%	59,897,000	$247.3M
STRATEGY INC (MSTR 0.625 09/15/28)	NOTE 0.625% 9/1 · principal	Add +56.6%	149,213,000	$175.1M
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	New	129,000,000	$134.7M
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26)	NOTE 4/0 · principal	Sold out	107,295,000	$132.2Mbefore exit
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29)	NOTE 3.500% 3/0 · principal	Reduce -19.3%	111,079,000	$99.4M
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	Reduce -25.1%	50,624,000	$95.6M
UGI CORP (UGI 5 06/01/28)	NOTE 5.000% 6/0 · principal	New	60,390,000	$85.6M
GUESS INC (GES 3.75 04/15/28)	NOTE 3.750% 4/1 · principal	Add +13.5%	84,105,000	$83.6M
SUNRUN INC (RUN 4 03/01/30)	NOTE 4.000% 3/0 · principal	Reduce -23.0%	56,977,000	$80.8M
GREENBRIER COS INC (GBX 2.875 04/15/28)	NOTE 2.875% 4/1 · principal	Add +134.4%	52,930,000	$57.3M
WEIBO CORP (WB 1.375 12/01/30)	NOTE 1.375%12/0 · principal	Reduce -24.2%	47,043,000	$54.6M
ETSY INC (ETSY 0.125 09/01/27)	NOTE 0.125% 9/0 · principal	Add +38.1%	53,010,000	$49.2M
STRATEGY INC (MSTR 0 12/01/29)	NOTE 12/0 · principal	New	50,862,000	$41.9M
EPR PROPERTIES (EPR 5.75 PERP C)	PFD C CV 5.75%	Add +134.3%	1,626,702	$36.9M
WEC ENERGY GROUP INC (WEC 4.375 06/01/27)	NOTE 4.375% 6/0 · principal	Sold out	23,410,000	$28.1Mbefore exit
NIO INC (NIO 3.875 10/15/29)	NOTE 3.875%10/1 · principal	Reduce -32.8%	28,642,000	$27.6M
STRATEGY INC (MSTR 0.625 03/15/30)	NOTE 0.625% 3/1 · principal	New	20,000,000	$25.4M
FLUOR CORP (FLR 1.125 08/15/29)	NOTE 1.125% 8/1 · principal	New	19,321,000	$22.1M
SOUTHERN CO (SO 7.125 12/15/28 A)	UNIT 12/15/2028	New	368,563	$18.3M
NUTANIX INC (NTNX 0.5 12/15/29)	NOTE 0.500%12/1 · principal	New	16,189,000	$15.6M
AEROVIRONMENT INC (AVAV 0 07/15/30)	NOTE 7/1 · principal	Reduce -20.0%	10,000,000	$10.9M
TETRA TECH INC (TTEK 2.25 08/15/28)	DBCV 2.250% 8/1 · principal	New	10,000,000	$10.9M
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28)	NOTE 1.750% 8/1 · principal	New	10,000,000	$9.6M
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27)	UNIT 02/01/2027	Reduce -31.7%	75,553	$9.6M
EPR PROPERTIES (EPR 9 PERP E)	CONV PFD 9% SR E	Add +7.1%	315,553	$9.5M
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27)	NOTE 1.750% 1/1 · principal	Reduce -36.0%	10,000,000	$9.1M
CIPHER DIGITAL INC (CIFR 1.75 05/15/30)	NOTE 1.750% 5/1 · principal	Sold out	2,500,000	$7.4Mbefore exit
HERBALIFE LTD (HLF 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	New	5,720,000	$6.2M
FRESHPET INC (FRPT 3 04/01/28)	NOTE 3.000% 4/0 · principal	New	5,000,000	$5.9M
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28)	NOTE 3.875% 9/1 · principal	Sold out	5,000,000	$5.6Mbefore exit
CLEANSPARK INC (CLSK 0 06/15/30)	NOTE 6/1 · principal	New	5,000,000	$5.2M
DYNAVAX TECHNOLOGIES CORP	DEBT 2.000% 3/1 · principal	New	4,000,000	$4.2M
FUBOTV INC (FUBO 3.25 02/15/26)	NOTE 3.250% 2/1 · principal	Sold out	3,000,000	$3.0Mbefore exit
ITRON INC (ITRI 1.375 07/15/30)	NOTE 1.375% 7/1 · principal	New	2,500,000	$2.5M
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29)	NOTE 5.125%11/1 · principal	Reduce -77.2%	1,466,000	$1.5M
EOS ENERGY ENTER -CW26	*W EXP 11/17/202	Sold out	750,000	$1.3Mbefore exit
BCSS.WS Bain Capital GSS Investment	*W EXP 01/01/202	Reduce -14.8%	187,424	$122K
PMTRW Perimeter Acquis Corp. I -30	*W EXP 05/13/203	Sold out	201,445	$121Kbefore exit
XRPNW Armada Acquisition Corp - A	*W EXP 05/21/203	Sold out	125,000	$119Kbefore exit
TONT.WS Graf Global Corp.- 29	*W EXP 05/31/203	New	213,794	$97K
DFDVW Defi Development Corp.	*W EXP 01/21/202	New	59,998	$91K
IPEXR Inflection Point Acquisition	RIGHT 99/99/9999	Sold out	138,193	$83Kbefore exit
LATAW Galata Acquisition Corp. - 30	*W EXP 09/12/203	New	193,928	$73K
COHEN & STEERS INFRASTRU	RIGHT 10/16/2025	Sold out	847,224	$66Kbefore exit
ONCHW 1RT Acquisition Corp.-A -31	*W EXP 06/26/203	Sold out	63,288	$56Kbefore exit
FLDDW Fold Holdings Inc. -23	*W EXP 02/14/203	Sold out	95,448	$48Kbefore exit
BLZRW Trailblazer Acqui Corp. -30	*W EXP 09/30/203	New	98,860	$47K
NHICW Newhold Investment Corp. - 30	*W EXP 01/30/203	Reduce -21.0%	110,050	$46K
OACCW Oaktree Acquisition III -31	*W EXP 09/01/203	New	64,860	$46K
PSEWF Paysafe Ltd. -CW26	*W EXP 03/30/202	Sold out	2,398,555	$44Kbefore exit

Showing the first 50 of 70.

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	542	$5.9B	NVDA, MU, TSLA, TBPH, CEF
Q1 2026Amended	409	$3.9B	NVDA, PSLV, TBPH, HOLX, IBIT
Q4 2025Amended	492	$5.5B	NVDA, IBIT, RNAM, MSTR, TBPH
Q3 2025Amended	520	$5.6B	NVDA, IBIT, MSTR, K, ETHA
Q2 2025Amended	343	$5.3B	NVDA, MSTR, IBIT, COIN, SMCI
Q1 2025Amended	228	$2.5B	MSTR, NVDA, ITCI, TSLA, IBIT
Q4 2024Amended	528	$3.2B	HCP, IBIT, JNPR, EDR, TBPH
Q3 2024Amended	497	$2.7B	EQC, CTLT, TBPH, EDR, HPE
Q2 2024	182	$1.3B	TBPH, CAG, COP, EDR, AAP
Q1 2024	209	$1.7B	SPY, PXD, TJX, TBPH, NEE