DaveManuel.com · Institutional Ownership · 13F Holdings

PICTON MAHONEY ASSET MANAGEMENT

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK

1539041

Reported value

$13.5B

Positions

1,354

Top 10 weight

27.4%

Filed

2026-08-13

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ISHARES TR CALL+PUT	HYG	$799.8M	1,590	5.92%	-7.48pp	4q	HELD
ROYAL BK CDA	RY	$684.8M	3,315,100	5.06%	+1.90pp	5q	+24.9%+$136.5M
TORONTO DOMINION BK ONT	TD	$555.3M	4,578,596	4.11%	+1.52pp	5q	+22.2%+$100.9M
ISHARES TR PUT	MTUM	$342.8M	options only	2.54%	+1.61pp	2q	OPTIONS
SHOPIFY INC CALL	SHOP	$275.5M	2,163,787	2.04%	-0.02pp	6q	+1.3%+$3.6M
CANADIAN PACIFIC KANSAS CITY	CP	$244.7M	2,829,879	1.81%	+0.37pp	5q	+14.1%+$30.3M
INVESCO QQQ TR CALL	QQQ	$220.9M	options only	1.63%	-	new	OPTIONS
BROOKFIELD CORP	BN	$202.2M	4,751,905	1.50%	+0.40pp	5q	+30.0%+$46.7M
VANECK ETF TRUST PUT	SMH	$196.8M	options only	1.46%	-	new	OPTIONS
ENBRIDGE INC	ENB	$182.4M	3,371,682	1.35%	+0.24pp	5q	+21.3%+$32.0M
CENOVUS ENERGY INC CALL	CVE	$177.9M	5,987,906	1.32%	+0.36pp	5q	+23.0%+$33.3M
MICRON TECHNOLOGY INC PUT	MU	$169.8M	47,110	1.26%	+0.78pp	3q	+16.6%+$24.2M
NVIDIA CORPORATION	NVDA	$169.7M	848,217	1.26%	+0.11pp	26q	-4.7%-$8.3M
CANADIAN NAT RES LTD MED TER	CNQ	$168.6M	4,270,778	1.25%	-0.69pp	5q	-20.6%-$43.8M
CELESTICA INC CALL	CLS	$166.8M	301,938	1.23%	+0.54pp	5q	-8.7%-$15.9M
BANK OF MONTREAL	BMO	$166.7M	945,606	1.23%	+1.00pp	5q	+297.4%+$124.8M
FRANCO NEV CORP	FNV	$165.7M	796,135	1.23%	-0.16pp	5q	+4.9%+$7.7M
SUNCOR ENERGY INC NEW	SU	$163.7M	3,049,813	1.21%	-0.19pp	5q	+6.1%+$9.4M
Sun Life Financial, Inc.	SLF	$161.4M	2,061,273	1.19%	+0.56pp	2q	+49.9%+$53.8M
ALPHABET INC CALL	GOOGL	$157.6M	350,882	1.17%	+0.29pp	31q	-15.2%-$28.3M
SNOWFLAKE INC CALL	SNOW	$154.7M	153,756	1.14%	+1.02pp	6q	+43.1%+$46.6M
CROWDSTRIKE HLDGS INC CALL	CRWD	$152.0M	39,227	1.12%	+0.98pp	3q	-20.3%-$38.7M
AGNICO EAGLE MINES LTD	AEM	$151.3M	975,936	1.12%	-0.60pp	5q	+0.7%+$1.1M
MONGODB INC CALL	MDB	$148.7M	87,570	1.10%	+0.70pp	5q	+17.3%+$21.9M
TC ENERGY CORP	TRP	$142.1M	2,150,666	1.05%	+0.10pp	5q	+4.2%+$5.7M
HUDBAY MINERALS INC CALL	HBM	$133.2M	4,154,931	0.99%	+0.25pp	5q	+10.5%+$12.7M
TECK RESOURCES LTD CALL	TECK	$126.1M	1,733,240	0.93%	-0.31pp	5q	+28.4%+$27.9M
GILDAN ACTIVEWEAR INC CALL	GIL	$113.2M	1,200,891	0.84%	+0.43pp	5q	+21.1%+$19.7M
WHEATON PRECIOUS METALS CORP	WPM	$109.0M	971,176	0.81%	+0.03pp	5q	+20.5%+$18.6M
APPLE INC	AAPL	$103.8M	358,892	0.77%	+0.01pp	31q	-11.5%-$13.4M
INVESCO EXCHANGE TRADED FD T	RSP	$103.6M	486,850	0.77%	+0.23pp	16q	+27.6%+$22.4M
OR ROYALTIES INC.	OR	$97.6M	3,091,096	0.72%	-0.36pp	5q	-7.5%-$7.9M
BARRICK MNG CORP	B	$97.0M	2,644,794	0.72%	-0.12pp	5q	-5.2%-$5.3M
WASTE CONNECTIONS INC	WCN	$94.6M	569,050	0.70%	+0.17pp	5q	+29.6%+$21.6M
INVESCO EXCH TRADED FD TR II	SPLV	$93.9M	1,254,188	0.69%	+0.18pp	12q	+31.8%+$22.7M
Rogers Communications, Inc.	RCI	$91.3M	2,814,609	0.68%	-0.17pp	5q	-5.9%-$5.8M
AMAZON COM INC	AMZN	$86.5M	362,728	0.64%	+0.08pp	31q	HELD
BROADCOM INC CALL	AVGO	$86.0M	127,742	0.64%	+0.20pp	18q	-33.5%-$43.4M
IAMGOLD CORP	IAG	$79.2M	5,016,085	0.59%	-0.07pp	5q	+5.4%+$4.1M
BROOKFIELD RENEWABLE ENERGY	BEP	$76.7M	2,219,312	0.57%	+0.11pp	5q	+18.2%+$11.8M
MARVELL TECHNOLOGY INC CALL	MRVL	$74.8M	81,195	0.55%	+0.34pp	2q	-5.5%-$4.4M
MICROSOFT CORP	MSFT	$73.1M	195,877	0.54%	flat	31q	-1.7%-$1.3M
TWILIO INC CALL	TWLO	$70.7M	102,625	0.52%	+0.44pp	8q	+16.8%+$10.2M
TEVA PHARMACEUTICAL INDS LTD CALL	TEVA	$65.2M	925,408	0.48%	+0.08pp	9q	+14.2%+$8.1M
CAMECO CORP	CCJ	$64.0M	629,127	0.47%	-0.01pp	5q	+5.3%+$3.2M
BANK NOVA SCOTIA B C	BNS	$63.7M	735,921	0.47%	+0.45pp	4q	+1785.4%+$60.3M
ROCKET COS INC CALL	RKT	$63.6M	2,138,584	0.47%	+0.30pp	6q	+35.5%+$16.7M
ADVANCED MICRO DEVICES INC	AMD	$62.9M	108,198	0.46%	+0.31pp	5q	+2.6%+$1.6M
JPMORGAN CHASE & CO	JPM	$60.8M	185,755	0.45%	+0.17pp	15q	+45.8%+$19.1M
DESCARTES SYS GROUP INC	DSGX	$56.8M	822,771	0.42%	+0.13pp	5q	+48.6%+$18.6M
PAN AMERN SILVER CORP	PAAS	$54.0M	1,207,847	0.40%	+0.07pp	5q	+49.0%+$17.8M
MAGNA INTL INC	MGA	$51.5M	784,411	0.38%	-0.01pp	4q	-18.1%-$11.4M
BROOKFIELD INFRASTRUCTURE PA	BIP	$51.3M	1,408,457	0.38%	+0.06pp	5q	+17.0%+$7.5M
AKAMAI TECHNOLOGIES INC CALL	AKAM	$49.5M	118,781	0.37%	+0.19pp	8q	+1.1%+$541.4K
APOGEE THERAPEUTICS INC PUT	APGE	$48.4M	165,000	0.36%	-	new	NEW
FIRSTSERVICE CORP NEW	FSV	$46.8M	330,064	0.35%	+0.10pp	5q	+35.2%+$12.2M
INTEL CORP	INTC	$46.6M	333,786	0.34%	+0.24pp	3q	+2.7%+$1.2M
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$44.0M	92,038	0.33%	+0.08pp	10q	-7.6%-$3.6M
BOYD GROUP SERVICES INC	BGSI	$43.2M	457,748	0.32%	-0.20pp	3q	-16.8%-$8.8M
ELI LILLY & CO	LLY	$40.3M	33,628	0.30%	+0.07pp	22q	+1.9%+$768.8K
ELECTRONIC ARTS INC	EA	$38.9M	189,690	0.29%	-0.02pp	5q	-7.3%-$3.1M
R B C BEARINGS INC	RBC	$37.9M	58,814	0.28%	+0.04pp	20q	-3.0%-$1.2M
CITIGROUP INC	C	$37.0M	264,238	0.27%	+0.13pp	4q	+57.8%+$13.5M
WARNER BROS DISCOVERY INC PUT	WBD	$36.1M	952,800	0.27%	+0.12pp	3q	+30.9%+$8.5M
MORGAN STANLEY	MS	$35.2M	168,259	0.26%	+0.03pp	5q	-9.6%-$3.8M
PALO ALTO NETWORKS INC	PANW	$34.8M	101,969	0.26%	+0.13pp	6q	-1.2%-$438.2K
LAM RESEARCH CORP	LRCX	$34.5M	79,533	0.25%	+0.12pp	3q	-5.4%-$2.0M
JFROG LTD CALL	FROG	$33.7M	110,381	0.25%	+0.18pp	5q	+488.4%+$27.9M
BOEING CO	BA	$33.6M	155,172	0.25%	+0.06pp	7q	+22.3%+$6.1M
ROKU INC	ROKU	$33.2M	240,342	0.25%	+0.17pp	3q	+132.4%+$18.9M
WEBSTER FINL CORP	WBS	$31.7M	415,121	0.23%	+0.10pp	3q	+62.2%+$12.2M
QUANTA SVCS INC	PWR	$31.6M	43,945	0.23%	+0.02pp	17q	-16.8%-$6.4M
ALGONQUIN POWER & UTILITIES	AQN	$30.4M	5,190,063	0.23%	flat	5q	+6.3%+$1.8M
ASSURANT INC	AIZ	$30.1M	112,130	0.22%	+0.07pp	3q	+21.3%+$5.3M
TJX COS INC NEW	TJX	$29.2M	192,531	0.22%	flat	22q	+6.2%+$1.7M
VISA INC	V	$28.9M	84,253	0.21%	+0.05pp	3q	+17.4%+$4.3M
COCA COLA CO	KO	$28.8M	354,491	0.21%	+0.01pp	6q	-1.0%-$286.2K
GUARDANT HEALTH INC	GH	$28.8M	191,876	0.21%	+0.04pp	3q	-23.2%-$8.7M
CAPITAL ONE FINL CORP	COF	$28.7M	143,168	0.21%	+0.01pp	8q	-4.9%-$1.5M
SANDISK CORP	SNDK	$28.4M	12,503	0.21%	+0.03pp	5q	-68.3%-$61.4M
JANUS HENDERSON GROUP PLC	JHG	$28.2M	541,914	0.21%	+0.05pp	8q	+27.5%+$6.1M
COGNEX CORP	CGNX	$27.7M	382,162	0.20%	-0.13pp	4q	+16.3%+$3.9M
MAGNITE INC CALL	MGNI	$27.4M	691,471	0.20%	+0.15pp	5q	+7.5%+$1.9M
WALMART INC	WMT	$27.0M	238,420	0.20%	+0.01pp	16q	+15.9%+$3.7M
CHARLES RIV LABS INTL INC	CRL	$26.3M	116,144	0.19%	+0.07pp	5q	+21.7%+$4.7M
XPO INC	XPO	$26.3M	128,028	0.19%	flat	13q	-3.6%-$995.7K
TFI INTERNATIONAL INC	TFII	$26.2M	182,513	0.19%	-	new	NEW
ANALOG DEVICES INC	ADI	$26.0M	65,391	0.19%	-0.01pp	9q	-22.7%-$7.6M
CASELLA WASTE SYS INC	CWST	$24.6M	253,511	0.18%	+0.12pp	2q	+148.2%+$14.7M
JOHNSON & JOHNSON	JNJ	$24.5M	96,594	0.18%	+0.09pp	8q	+87.9%+$11.5M
ELANCO ANIMAL HEALTH INC	ELAN	$24.1M	979,269	0.18%	+0.05pp	4q	+40.2%+$6.9M
Ventas Inc	VTR	$23.9M	269,161	0.18%	-0.01pp	13q	-11.0%-$2.9M
PENUMBRA INC	PEN	$23.7M	75,200	0.18%	-0.02pp	2q	-6.0%-$1.5M
NAVITAS SEMICONDUCTOR CORP CALL	NVTS	$23.7M	options only	0.17%	-	new	OPTIONS
SEAGATE TECHNOLOGY HLDNGS PL	STX	$23.6M	24,489	0.17%	+0.10pp	9q	-6.4%-$1.6M
CAE INC	CAE	$23.6M	944,020	0.17%	-0.12pp	3q	-39.3%-$15.2M
ANGLOGOLD ASHANTI PLC	AU	$22.8M	281,975	0.17%	-0.02pp	2q	+7.9%+$1.7M
DATADOG INC	DDOG	$22.7M	87,319	0.17%	+0.16pp	2q	+1140.3%+$20.9M
MERCK & CO INC	MRK	$22.7M	176,844	0.17%	+0.05pp	2q	+30.8%+$5.4M
VALLEY NATL BANCORP	VLY	$22.5M	1,534,220	0.17%	+0.02pp	4q	-2.4%-$547.3K
LIVE NATION ENTERTAINMENT IN		$22.3M	12,500,000	0.16%	+0.05pp	4q	DEBT
PPL CORP	PPL	$22.3M	613,093	0.16%	-0.02pp	12q	-5.3%-$1.3M
KKR & CO INC	KKR	$22.3M	242,780	0.16%	-0.25pp	11q	-19.6%-$5.4M
HOME DEPOT INC	HD	$22.2M	62,944	0.16%	flat	11q	-9.1%-$2.2M
CORNING INC	GLW	$22.0M	86,130	0.16%	+0.06pp	9q	-12.0%-$3.0M
CARDINAL HEALTH INC	CAH	$21.8M	91,615	0.16%	-0.04pp	8q	-29.1%-$8.9M
D R HORTON INC	DHI	$21.3M	130,540	0.16%	+0.06pp	15q	+31.4%+$5.1M
META PLATFORMS INC	META	$21.2M	37,656	0.16%	-0.07pp	16q	-29.7%-$8.9M
GRANITE CONSTRUCTION INC 3.25 06/15/2030		$21.0M	10,000,000	0.16%	+0.03pp	3q	DEBT
AMETEK INC	AME	$20.9M	86,435	0.15%	+0.01pp	6q	-4.6%-$1.0M
NATERA INC	NTRA	$20.7M	76,415	0.15%	+0.02pp	13q	-15.2%-$3.7M
FORTUNA MNG CORP		$20.6M	13,500,000	0.15%	+0.04pp	2q	DEBT
DOORDASH INC	DASH	$20.5M	111,077	0.15%	+0.03pp	11q	+4.6%+$903.8K
ALIGNMENT HEALTHCARE INC		$20.4M	12,000,000	0.15%	+0.10pp	2q	DEBT
CANADIAN NATL RY CO	CNI	$20.2M	169,400	0.15%	-0.03pp	5q	-27.9%-$7.8M
TRANSALTA CORP CALL	TAC	$19.8M	132,447	0.15%	-	new	NEW
HOWMET AEROSPACE INC	HWM	$19.7M	73,310	0.15%	-0.08pp	10q	-43.8%-$15.4M
CENTERRA GOLD INC	CGAU	$19.7M	1,244,022	0.15%	flat	2q	+13.1%+$2.3M
APOLLO GLOBAL MGMT INC	APO	$19.5M	164,413	0.14%	flat	18q	-4.7%-$955.1K
SUNOCOCORP LLC	SUNC	$19.2M	284,116	0.14%	+0.02pp	3q	+4.6%+$852.0K
RESTAURANT BRANDS INTL INC	QSR	$19.2M	264,919	0.14%	+0.07pp	5q	+110.8%+$10.1M
WABTEC	WAB	$19.1M	70,946	0.14%	flat	5q	-5.6%-$1.1M
PACKAGING CORP AMER	PKG	$19.1M	80,246	0.14%	+0.05pp	8q	+30.9%+$4.5M
WILLIAMS COS INC	WMB	$18.6M	250,132	0.14%	+0.02pp	2q	+13.4%+$2.2M
HUNTINGTON BANCSHARES INC	HBAN	$18.5M	1,042,935	0.14%	+0.07pp	6q	+71.2%+$7.7M
ROBINHOOD MKTS INC	HOOD	$18.5M	184,368	0.14%	+0.02pp	10q	-22.3%-$5.3M
LAUNCH ONE ACQUISITION CORP	LPAA	$18.1M	1,669,756	0.13%	flat	7q	HELD
TALEN ENERGY CORP	TLN	$18.1M	47,074	0.13%	+0.02pp	5q	-1.1%-$192.1K
BRP INC	DOO	$18.0M	295,049	0.13%	-0.14pp	4q	-42.5%-$13.3M
NUVALENT INC	NUVL	$17.9M	145,000	0.13%	-	new	NEW
CATERPILLAR INC	CAT	$17.7M	16,651	0.13%	+0.05pp	2q	+5.4%+$903.0K
LUMENTUM HLDGS INC	LITE	$17.4M	20,258	0.13%	+0.02pp	6q	-2.8%-$492.5K
Precision Drilling Corp.	PDS	$17.3M	225,739	0.13%	-0.01pp	5q	+20.2%+$2.9M
FASTENAL CO	FAST	$17.2M	357,480	0.13%	+0.02pp	15q	+10.4%+$1.6M
Ovintiv Inc.	OVV	$17.2M	325,873	0.13%	flat	2q	+9.5%+$1.5M
BROOKFIELD BUSINESS CORP	BBUC	$17.1M	573,121	0.13%	-	new	NEW
TXNM ENERGY INC	TXNM	$17.0M	300,000	0.13%	+0.04pp	4q	+57.9%+$6.2M
JAZZ INVESTMENTS I LTD		$16.9M	10,000,000	0.12%	+0.03pp	3q	DEBT
SPOTIFY TECHNOLOGY S A	SPOT	$16.8M	36,619	0.12%	-0.05pp	14q	-26.1%-$5.9M
BROOKFIELD ASSET MANAGMT LTD	BAM	$16.7M	373,792	0.12%	-	new	NEW
ASML HLDG NV	ASML	$16.7M	8,415	0.12%	+0.03pp	3q	-10.8%-$2.0M
nan	BLD	$16.2M	45,810	0.12%	-	new	NEW
CLEAN HARBORS INC	CLH	$16.1M	53,870	0.12%	flat	9q	-6.2%-$1.1M
TPG INC	TPG	$15.9M	393,308	0.12%	-	new	NEW
ALIGNMENT HEALTHCARE INC	ALHC	$15.9M	666,041	0.12%	+0.07pp	4q	+65.7%+$6.3M
SOLARIS RES INC	SLSR	$15.8M	1,888,614	0.12%	-0.02pp	5q	-12.5%-$2.3M
FTAI AVIATION LTD	FTAI	$15.8M	58,490	0.12%	+0.07pp	2q	+108.2%+$8.2M
TEXAS INSTRS INC	TXN	$15.8M	53,019	0.12%	-	new	NEW
REDDIT INC	RDDT	$15.8M	90,738	0.12%	+0.02pp	7q	-9.2%-$1.6M
VALERO ENERGY CORP	VLO	$15.6M	59,730	0.12%	-	new	NEW
GALLAGHER ARTHUR J CO	AJG	$15.5M	67,626	0.11%	+0.08pp	7q	+193.2%+$10.2M
HEWLETT PACKARD ENTERPRISE C	HPE	$15.5M	343,960	0.11%	+0.06pp	4q	+19.6%+$2.5M
IDEX CORP	IEX	$15.5M	68,194	0.11%	-	new	NEW
EVERGY INC	EVRG	$15.2M	175,319	0.11%	flat	9q	-5.5%-$885.5K
GILEAD SCIENCES INC	GILD	$15.0M	119,118	0.11%	+0.04pp	8q	+67.2%+$6.0M
INTUITIVE SURGICAL INC	ISRG	$14.8M	37,212	0.11%	-0.05pp	31q	-19.0%-$3.5M
TESLA INC	TSLA	$14.7M	34,936	0.11%	-0.02pp	7q	-27.7%-$5.6M
SPROTT INC	SII	$14.7M	129,937	0.11%	-0.05pp	5q	-14.0%-$2.4M
MUELLER INDS INC	MLI	$14.6M	118,704	0.11%	-0.09pp	8q	+23.4%+$2.8M
CHARLES SCHWAB CORP (THE)	SCHW	$14.5M	156,808	0.11%	-0.14pp	6q	-55.7%-$18.2M
SENSIENT TECHNOLOGIES CORP	SXT	$14.5M	117,326	0.11%	-	new	NEW
BROOKDALE SR LIVING INC	BKD	$14.4M	897,674	0.11%	+0.01pp	3q	-6.9%-$1.1M
COLGATE PALMOLIVE CO	CL	$14.4M	156,903	0.11%	+0.04pp	2q	+44.8%+$4.4M
PERFORMANCE FOOD GROUP CO	PFGC	$14.3M	128,214	0.11%	flat	7q	-23.6%-$4.4M
AGILENT TECHNOLOGIES INC	A	$14.3M	107,654	0.11%	+0.10pp	8q	+1057.9%+$13.1M
PACCAR INC	PCAR	$14.2M	118,480	0.11%	+0.02pp	9q	+19.4%+$2.3M
HASBRO INC	HAS	$14.2M	171,920	0.11%	-0.05pp	9q	-24.1%-$4.5M
REGAL REXNORD CORPORATION	RRX	$14.2M	59,608	0.11%	-	new	NEW
NEBIUS GROUP N.V.	NBIS	$14.2M	51,361	0.10%	+0.06pp	2q	-18.8%-$3.3M
NORFOLK SOUTHN CORP	NSC	$14.2M	45,000	0.10%	-0.05pp	4q	-40.0%-$9.4M
BUILDERS FIRSTSOURCE INC	BLDR	$14.1M	157,297	0.10%	+0.10pp	14q	+15443.2%+$14.0M
PROCTER & GAMBLE CO	PG	$14.0M	95,432	0.10%	flat	26q	-1.8%-$263.1K
FORTUNA MNG CORP	FSM	$13.9M	1,643,665	0.10%	+0.09pp	5q	+917.5%+$12.5M
COHERENT CORP	COHR	$13.8M	34,924	0.10%	-0.11pp	2q	-13.3%-$2.1M
LIVANOVA PLC		$13.7M	10,000,000	0.10%	-	new	DEBT
CINTAS CORP	CTAS	$13.6M	79,903	0.10%	flat	2q	-3.6%-$502.4K
VIKING HOLDINGS LTD	VIK	$13.3M	126,949	0.10%	+0.02pp	3q	-10.1%-$1.5M
FACT II ACQUISITION CORP ORD SHS CL A	FACT	$13.2M	1,239,837	0.10%	flat	6q	-0.8%-$108.0K
GLOBE LIFE INC	GL	$13.2M	73,697	0.10%	+0.01pp	4q	-16.1%-$2.5M
BOOKING HOLDINGS INC	BKNG	$13.1M	73,770	0.10%	+0.09pp	3q	+1305.1%+$12.2M
CAESARS ENTERTAINMENT INC NE	CZR	$13.1M	435,300	0.10%	-	new	NEW
TAKE-TWO INTERACTIVE SOFTWAR	TTWO	$13.0M	51,834	0.10%	+0.08pp	31q	+494.8%+$10.8M
COREWEAVE INC PUT	CRWV	$12.9M	options only	0.10%	-	new	OPTIONS
SPACE EXPLORATION TECHN CORP PUT	SPCX	$12.8M	options only	0.09%	-	new	OPTIONS
UNITED RENTALS INC	URI	$12.6M	11,161	0.09%	+0.09pp	25q	+4033.7%+$12.3M
ONTO INNOVATION INC	ONTO	$12.6M	33,285	0.09%	+0.06pp	2q	+50.1%+$4.2M
KLA CORP	KLAC	$12.6M	41,624	0.09%	+0.09pp	3q	+1330.4%+$11.7M
SOLARIS ENERGY INFRAS INC	SEI	$12.5M	155,680	0.09%	+0.02pp	2q	-4.7%-$619.9K
RADNET INC	RDNT	$12.5M	202,005	0.09%	-0.04pp	12q	-34.7%-$6.6M
GE AEROSPACE	GE	$12.5M	33,316	0.09%	+0.04pp	3q	+27.2%+$2.7M
RXO INC	RXO	$12.4M	451,100	0.09%	+0.03pp	2q	-15.5%-$2.3M
TEXAS CAP BANCSHARES INC	TCBI	$12.4M	119,921	0.09%	+0.02pp	4q	+11.8%+$1.3M
OKTA INC	OKTA	$12.4M	90,517	0.09%	-	new	NEW
MASTERCARD INCORPORATED	MA	$12.3M	24,045	0.09%	flat	31q	-3.0%-$378.5K
LAUDER ESTEE COS INC	EL	$12.2M	154,667	0.09%	+0.06pp	2q	+150.3%+$7.3M
ARAMARK	ARMK	$11.7M	205,056	0.09%	-	new	NEW
NISOURCE INC	NI	$11.6M	244,338	0.09%	flat	11q	-5.7%-$705.5K
FEDERAL SIGNAL CORP	FSS	$11.5M	89,548	0.09%	+0.05pp	2q	+82.1%+$5.2M
SHARKNINJA INC	SN	$11.4M	75,138	0.08%	+0.01pp	9q	-23.1%-$3.4M
DELL TECHNOLOGIES INC	DELL	$11.3M	26,277	0.08%	+0.08pp	2q	+1429.5%+$10.6M
M3-BRIGADE ACQUISITION VI CO ORD SH	MBVI	$11.3M	1,116,998	0.08%	flat	3q	+1.5%+$172.2K
RTX CORPORATION	RTX	$11.3M	59,425	0.08%	+0.02pp	8q	+31.4%+$2.7M
FIVE BELOW INC	FIVE	$11.3M	62,673	0.08%	-0.05pp	6q	-18.0%-$2.5M
RB GLOBAL INC	RBA	$11.2M	96,839	0.08%	+0.05pp	3q	+84.3%+$5.1M
CHART INDS INC	GTLS	$11.0M	52,779	0.08%	-0.21pp	5q	-72.6%-$29.3M
AON PLC	AON	$11.0M	33,016	0.08%	-0.07pp	8q	-47.6%-$9.9M
TRADEWEB MKTS INC	TW	$10.8M	108,179	0.08%	-0.01pp	2q	+6.2%+$625.6K
K&F GROWTH ACQUISITION CORP	KFII	$10.7M	1,017,000	0.08%	flat	5q	+1.7%+$179.4K
Titan Acquisition Corp	TACH	$10.6M	1,015,000	0.08%	flat	5q	+1.5%+$156.2K
US BANCORP	USB	$10.6M	174,909	0.08%	+0.06pp	3q	+335.9%+$8.1M
NEW PROVID	NPAC	$10.5M	1,014,999	0.08%	flat	4q	+1.5%+$155.7K
SAIA INC	SAIA	$10.5M	24,880	0.08%	-0.03pp	4q	-41.2%-$7.3M
OYSTER ENTERPRISES II ACQUIS ORD SH	OYSE	$10.4M	1,015,000	0.08%	flat	4q	+1.5%+$154.4K
ACTIVATE ENERGY ACQUISIT COR	AEAQ	$10.4M	1,040,000	0.08%	flat	2q	+1.5%+$150.0K
FIGX CAP A	FIGX	$10.4M	1,015,000	0.08%	flat	4q	+1.5%+$153.5K
OXLEY BRID	OBA	$10.4M	1,015,000	0.08%	flat	4q	+1.5%+$153.3K
EQV VENTURES AC CORP. II O	EVAC	$10.3M	1,014,996	0.08%	flat	4q	+1.5%+$152.7K
GALATA ACQ	LATA	$10.3M	1,014,996	0.08%	flat	3q	+1.5%+$151.7K
CHENGHE ACQUISITION III CO	CHEC	$10.2M	1,000,000	0.08%	flat	3q	HELD
GENERAL PURPOSE ACQ CRP; TNT ACQ DT: 12/04/2027; CASH: $10.00	GPAC	$10.2M	1,015,000	0.08%	flat	2q	+1.5%+$150.0K
APPLIED MATLS INC	AMAT	$10.1M	13,908	0.07%	+0.07pp	3q	+1102.1%+$9.2M
BIOGEN INC	BIIB	$10.1M	46,536	0.07%	-	new	NEW
OTG Acquisition Corp I	OTGA	$10.0M	990,000	0.07%	flat	3q	+1.5%+$152.3K
VOYA FINANCIAL INC	VOYA	$10.0M	110,762	0.07%	+0.01pp	3q	-9.8%-$1.1M
MKS INC.	MKSI	$10.0M	22,511	0.07%	+0.03pp	2q	-13.4%-$1.5M
SMUCKER J M CO	SJM	$10.0M	88,884	0.07%	-0.19pp	2q	-29.5%-$4.2M
BROOKFIELD INFRASTRUCTURE CO	BIPC	$9.9M	258,674	0.07%	+0.01pp	2q	+13.2%+$1.2M
ANDRETTI ACQUISITION CORP II	POLE	$9.8M	915,000	0.07%	flat	7q	+1.7%+$161.3K
WILLSCOT MOBILE MINI HLDCLASS A	WSC	$9.8M	338,097	0.07%	-	new	NEW
OPENLANE INC	OPLN	$9.8M	236,570	0.07%	+0.02pp	4q	-5.0%-$514.3K
FEDEX CORP	FDX	$9.7M	30,888	0.07%	flat	15q	+7.1%+$640.4K
NLIGHT INC	LASR	$9.7M	138,720	0.07%	+0.01pp	3q	-8.7%-$923.0K
ISHARES TR PUT	SOXX	$9.6M	options only	0.07%	-	new	OPTIONS
MEDTRONIC PLC	MDT	$9.5M	121,805	0.07%	-0.03pp	8q	-22.6%-$2.8M
WYNDHAM HOTELS & RESORTS INC	WH	$9.5M	113,039	0.07%	+0.02pp	2q	+25.0%+$1.9M
INTERACTIVE BROKERS GROUP IN	IBKR	$9.5M	108,730	0.07%	+0.01pp	7q	-6.5%-$656.3K
TAPESTRY INC	TPR	$9.4M	64,074	0.07%	-0.05pp	7q	-44.9%-$7.6M
DEERE CO	DE	$9.3M	14,583	0.07%	-0.03pp	6q	-40.6%-$6.3M
KINROSS GOLD CORP	KGC	$9.2M	388,558	0.07%	+0.04pp	5q	+218.9%+$6.3M
UL SOLUTIONS INC	ULS	$9.1M	89,440	0.07%	+0.01pp	8q	-4.4%-$424.0K
RANGE CAP ACQUISITION CORP I CL A O	RNGT	$9.0M	894,080	0.07%	flat	3q	+1.5%+$131.4K
Iron Horse Acquisition II Corp	IRHO	$9.0M	900,000	0.07%	flat	2q	HELD
DRUGS MADE IN AMER ACQ II CO	DMII	$8.9M	888,000	0.07%	flat	3q	+1.5%+$130.8K
BRIDGEBIO PHARMA INC		$8.9M	5,000,000	0.07%	-	new	DEBT
SILVERBOX CORP IV	SBXDF	$8.9M	824,899	0.07%	flat	7q	HELD
AIRBNB INC	ABNB	$8.9M	62,303	0.07%	+0.06pp	2q	+962.3%+$8.1M
BCE INC	BCE	$8.9M	414,568	0.07%	+0.06pp	5q	+1214.4%+$8.2M
CATALYST PHARMACEUTICALS INC	CPRX	$8.6M	275,000	0.06%	+0.06pp	8q	+499900.0%+$8.6M
VISTRA CORP	VST	$8.6M	54,083	0.06%	flat	9q	-5.2%-$471.4K
LAUNCH TWO ACQUISITION CORP.	LPBB	$8.6M	800,000	0.06%	flat	7q	HELD
WW GRAINGER INC	GWW	$8.6M	6,296	0.06%	+0.05pp	2q	+320.9%+$6.5M
A10 NETWORKS INC 2.75 04/01/2030 144A		$8.5M	5,000,000	0.06%	-	new	DEBT
KIRBY CORP	KEX	$8.4M	62,034	0.06%	flat	8q	-1.4%-$123.6K
RITHM ACQUISITION CORP	RAC	$8.4M	805,089	0.06%	flat	5q	+0.6%+$53.3K
EQUINOX GOLD CORP		$8.4M	5,000,000	0.06%	-0.03pp	2q	DEBT
THERMO FISHER SCIENTIFIC INC	TMO	$8.4M	16,776	0.06%	-0.10pp	4q	-62.3%-$13.9M
XOMETRY INC	XMTR	$8.4M	87,089	0.06%	+0.06pp	2q	+1725.8%+$7.9M
DEVON ENERGY CORP NEW	DVN	$8.4M	202,125	0.06%	-	new	NEW
UNIQURE NV	QURE	$8.3M	181,215	0.06%	-	new	NEW
SERVICETITAN INC	TTAN	$8.3M	117,664	0.06%	+0.01pp	5q	+8.4%+$641.3K
TRULIEVE CANNABIS CORP	TRLV	$8.2M	838,088	0.06%	-	new	NEW
CHURCHILL CAP CORP XII	CXIIU	$8.2M	762,000	0.06%	-	new	NEW
ALDEL FINL II INC CL A	ALDF	$8.2M	763,000	0.06%	flat	6q	+1.7%+$138.9K
ELECTROVAYA INC	ELVA	$8.0M	766,348	0.06%	+0.01pp	2q	-5.1%-$432.0K
EAGLE MATLS INC	EXP	$8.0M	35,709	0.06%	+0.03pp	4q	+53.1%+$2.8M
ARTIUS II ACQUISITION INC	AACB	$7.9M	750,000	0.06%	flat	5q	HELD
ORGANON & CO	OGN	$7.8M	575,000	0.06%	+0.06pp	8q	+1045354.5%+$7.8M
WATERS CORP	WAT	$7.8M	20,721	0.06%	-	new	NEW
IONIS PHARMACEUTICALS INC		$7.8M	5,000,000	0.06%	-	new	DEBT
PEABODY ENGR CORP		$7.8M	5,750,000	0.06%	-	new	DEBT
INFLECTION PT ACQUISITION CO	IPCX	$7.7M	750,000	0.06%	flat	4q	HELD
LAUNCHPAD CADENZA ACQU CORP	LPCVU	$7.6M	750,000	0.06%	flat	3q	HELD
SMARTSTOP SELF STORAG REIT I	SMA	$7.6M	232,347	0.06%	flat	5q	-4.8%-$377.8K
COEUR MNG INC	CDE	$7.5M	461,434	0.06%	-0.09pp	2q	-57.2%-$10.1M
VERSIGENT PLC	VGNT	$7.5M	178,997	0.06%	-	new	NEW
AMERICAN DRIVE ACQ CRP; TNT ACQ DT: 12/17/2027; CASH: $10.00	ADAC	$7.5M	750,000	0.06%	flat	2q	HELD
M/I HOMES INC	MHO	$7.5M	46,712	0.06%	+0.06pp	8q	+667214.3%+$7.5M
TELEPHONE DATA SYSTEM INC	TDS	$7.5M	202,906	0.06%	-0.01pp	2q	-5.0%-$396.0K
GE VERNOVA INC	GEV	$7.5M	6,370	0.06%	+0.05pp	3q	+1127.4%+$6.9M
Gores Holdings Xi Inc Unit 06/24/2031	GHXIU	$7.4M	725,000	0.05%	-	new	NEW
RHYTHM PHARMACEUTICALS INC	RYTM	$7.3M	65,880	0.05%	+0.02pp	2q	+30.8%+$1.7M
GORES HLDGS X INC	GTEN	$7.3M	700,000	0.05%	flat	4q	HELD
BAIN CAP GSS INVT CORP	BCSS	$7.2M	700,000	0.05%	flat	3q	HELD
ZYMEWORKS INC	ZYME	$7.1M	271,343	0.05%	+0.01pp	15q	+5.7%+$383.0K
KARBON CAP PARTNERS CORP	KBON	$7.1M	700,000	0.05%	flat	2q	HELD
ALUSSA ENERGY ACQUISIT CORP	ALUB	$7.0M	700,000	0.05%	flat	2q	HELD
HALL CHADWICK ACQUISITION CO	HCAC	$7.0M	700,000	0.05%	flat	2q	HELD
ROSS STORES INC	ROST	$7.0M	32,939	0.05%	-0.04pp	3q	-39.7%-$4.6M
MESHFLOW ACQUISITION CORP	MESH	$7.0M	700,000	0.05%	flat	2q	HELD
KRAKACQUISITION CORPORATION	KRAQ	$7.0M	699,996	0.05%	-	new	NEW
INTERCONTINENTAL EXCHANGE IN	ICE	$7.0M	56,456	0.05%	-0.07pp	16q	-44.2%-$5.5M
GREEN PLAINS INC		$6.8M	5,000,000	0.05%	-	new	DEBT
NEXGEN ENERGY LTD	NXE	$6.8M	722,745	0.05%	-0.01pp	5q	-4.5%-$320.9K
BAKER HUGHES COMPANY	BKR	$6.7M	121,456	0.05%	-0.02pp	8q	-20.5%-$1.7M
CAL REDWOOD ACQUISITION COR	CRAQ	$6.7M	650,000	0.05%	flat	4q	HELD
NEWBURY STR II ACQUISITION COR ORD SHS CL A	NTWO	$6.7M	625,000	0.05%	flat	6q	HELD
BAYTEX ENERGY CORP	BTE	$6.6M	1,657,986	0.05%	-	new	NEW
GSR IV ACQUISITION CORP C	GSRF	$6.6M	650,000	0.05%	flat	3q	HELD
ITHAX ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	ITHA	$6.6M	660,689	0.05%	flat	2q	HELD
AMERICAN EXCEPTIONALISM ACQU	AEXA	$6.5M	550,000	0.05%	flat	4q	HELD
MICROCHIP TECHNOLOGY INC.	MCHP	$6.4M	70,677	0.05%	+0.01pp	4q	-5.5%-$375.4K
WOODWARD INC	WWD	$6.4M	15,133	0.05%	+0.04pp	3q	+1277.0%+$6.0M
ABBVIE INC	ABBV	$6.4M	25,497	0.05%	-0.05pp	8q	-59.3%-$9.4M
CBRE GROUP INC	CBRE	$6.3M	46,946	0.05%	+0.05pp	8q	+469360.0%+$6.3M
TAYLOR MORRISON HOME CORP	TMHC	$6.1M	85,000	0.05%	+0.05pp	8q	+499900.0%+$6.1M
WEBULL CORP	BULL	$6.1M	929,883	0.04%	-	new	NEW
PLANET LABS PBC	PL	$6.0M	181,615	0.04%	-0.01pp	2q	-33.2%-$3.0M
AGILYSYS INC	AGYS	$5.9M	56,865	0.04%	-	new	NEW
BERKSHIRE HATHAWAY INC DEL	BRKB	$5.9M	11,764	0.04%	flat	2q	-6.3%-$394.8K
CENTURY ALUM CO	CENX	$5.8M	125,902	0.04%	-0.09pp	2q	-57.4%-$7.8M
C H ROBINSON WORLDWIDE IN	CHRW	$5.7M	30,104	0.04%	flat	8q	-4.8%-$282.9K
REXFORD INDL RLTY INC	REXR	$5.6M	166,958	0.04%	-	new	NEW
MIRUM PHARMACEUTICALS INC	MIRM	$5.6M	47,679	0.04%	-0.01pp	3q	-35.7%-$3.1M
ALMONTY INDS INC	ALM	$5.5M	332,356	0.04%	flat	2q	-4.8%-$278.6K
PHILIP MORRIS INTL INC	PM	$5.5M	30,289	0.04%	+0.04pp	8q	+1207.8%+$5.1M
FIGMA INC	FIG	$5.5M	301,540	0.04%	-	new	NEW
LIONHEART HOLDINGS SHS CL A	CUB	$5.4M	500,000	0.04%	-0.08pp	8q	-66.7%-$10.8M
TERAWULF INC	WULF	$5.3M	213,725	0.04%	+0.02pp	2q	-5.3%-$292.6K
INVENTRUST PPTYS CORP	IVT	$5.3M	148,699	0.04%	flat	6q	-6.8%-$384.2K
FIFTH ERA ACQUISITION CORP I ORD SH	FERA	$5.2M	500,000	0.04%	flat	5q	HELD
CANTOR EQU	CEPF	$5.2M	500,000	0.04%	flat	4q	HELD
SIDDHI ACQUISITION CORP C	SDHI	$5.2M	500,000	0.04%	flat	4q	HELD
JENA ACQUI	JENA	$5.2M	500,000	0.04%	flat	4q	HELD
SIZZLE ACQUISITION CORP. II	SZZL	$5.2M	500,000	0.04%	flat	4q	HELD
SOULPOWER	SOUL	$5.2M	500,000	0.04%	flat	4q	HELD
REPUBLIC DIGITAL ACQUISITION	RDAG	$5.2M	500,000	0.04%	flat	4q	HELD
HCM III ACQUISITION CORP O	HCMA	$5.1M	499,995	0.04%	flat	4q	HELD
Solarius Capital Acquisition Corp	SOCA	$5.1M	500,000	0.04%	flat	3q	HELD
Pioneer Acquisition I Corp	PACH	$5.1M	500,000	0.04%	flat	4q	HELD
VIKING ACQUISITION CORP I O	VACI	$5.1M	499,998	0.04%	flat	3q	HELD
PYROPHYTE ACQUISITION CORP.	PAII	$5.1M	500,000	0.04%	flat	4q	HELD
CSX CORP	CSX	$5.1M	107,070	0.04%	flat	3q	-2.9%-$150.7K
TRANSLATIONAL DEV ACQUISITIO	TDAC	$5.1M	475,002	0.04%	flat	5q	HELD
CRANE HBR ACQUISITION CORP I	CRAN	$5.1M	500,000	0.04%	flat	2q	HELD
LAKE SUPERIOR ACQUISITION CO	LKSP	$5.1M	499,989	0.04%	flat	3q	HELD
TRAILBLAZER ACQUISITION CORP ORD SH	BLZR	$5.1M	499,995	0.04%	flat	3q	HELD
Silicon Valley Acquisition Corp	SVAQ	$5.0M	500,000	0.04%	-	new	NEW
SILVERBOX CORP V	SBXE	$5.0M	500,000	0.04%	flat	2q	HELD
APEX TREAS	APXT	$5.0M	500,000	0.04%	flat	3q	HELD
Tailwind 2.0 Acquisition Corp	TDWD	$5.0M	500,000	0.04%	flat	3q	HELD
HCM IV ACQUISITION CORP	HACQ	$5.0M	499,996	0.04%	-	new	NEW
INVEST GREEN ACQUISITION COR CL A O	IGAC	$5.0M	500,000	0.04%	flat	2q	HELD
LEAPFROG ACQUISITION CORP	LFAC	$5.0M	500,500	0.04%	flat	2q	HELD
BITCOIN IN	BIXI	$5.0M	500,000	0.04%	flat	2q	HELD
BLUEROCK ACQ CRP; TNT ACQ DT: 12/11/2027; CASH: $10.00	BLRK	$5.0M	500,000	0.04%	flat	2q	HELD
LAFAYETTE DIGITAL ACQ CRP; TNT ACQ DT: 1/9/2028; CASH: $10.00	ZKP	$5.0M	500,000	0.04%	flat	2q	HELD
TGE VALUE CREATIVE SOLUTIONS	BEBE	$5.0M	500,000	0.04%	flat	2q	HELD
MOUNTAIN LAKE ACQUISIT CORP	MLAA	$5.0M	500,000	0.04%	-	new	NEW
INTERPRIVATE INVTS PARTNERS	IPVVU	$5.0M	500,000	0.04%	-	new	NEW
LEGATO MERGER CORP IV	LEGO	$5.0M	499,995	0.04%	-	new	NEW
Praetorian Acquisition Corp	PTOR	$5.0M	499,995	0.04%	-	new	NEW
SOREN ACQ CRP; TNT ACQ DT: 1/7/2028; CASH: $10.00	SORN	$5.0M	499,995	0.04%	-	new	NEW
HIGHLANDER SILVER CORP	HSLV	$4.9M	1,053,376	0.04%	-0.01pp	2q	-11.0%-$607.6K
PERPETUA RESOURCES CORP	PPTA	$4.8M	230,475	0.04%	-0.02pp	5q	-6.4%-$328.1K
LPL FINL HLDGS INC	LPLA	$4.7M	16,793	0.03%	-0.13pp	8q	-77.0%-$15.8M
CARIS LIFE SCIENCES INC	CAI	$4.7M	264,064	0.03%	flat	4q	-5.3%-$265.7K
VENDOME ACQUISITION CORP I C	VNME	$4.6M	450,000	0.03%	flat	3q	HELD
CG ONCOLOGY INC	CGON	$4.5M	63,867	0.03%	flat	3q	-5.2%-$251.3K
NEWHOLD INVTS CORP IV	NHIVU	$4.5M	434,298	0.03%	-	new	NEW
ONESPAWORLD HOLDINGS LIMITED	OSW	$4.4M	154,292	0.03%	+0.01pp	13q	-3.4%-$151.1K
LAFAYETTE	LAFA	$4.3M	431,115	0.03%	flat	2q	HELD
GIGCAPITAL8 CORP O	GIW	$4.3M	425,000	0.03%	flat	3q	HELD
JACKSON ACQUISITION CO II COM SHS CL A	JACS	$4.3M	400,000	0.03%	flat	6q	HELD
DIGITALOCEAN HLDGS INC	DOCN	$4.2M	26,574	0.03%	-	new	NEW
BALL CORP	BALL	$4.1M	66,303	0.03%	flat	2q	-4.8%-$209.2K
BLUE WTR ACQUISITION CORP. I ORD SH	BLUW	$4.1M	400,000	0.03%	flat	4q	HELD
GUARDIAN METAL RES PLC	GMTL	$4.1M	292,832	0.03%	-0.01pp	2q	-5.4%-$232.0K
FOREFRONT TECHNOLOGY HOLDING	FTHAU	$4.1M	400,000	0.03%	-	new	NEW
JABIL INC	JBL	$4.1M	10,577	0.03%	+0.02pp	3q	+37.0%+$1.1M
KEYSTONE ACQUISITION CORP	KEYYU	$4.0M	400,000	0.03%	-	new	NEW
Burlington Stores 1.25		$4.0M	2,500,000	0.03%	-	new	DEBT
LONG TABLE GROWTH CORP	LTGRU	$4.0M	400,000	0.03%	-	new	NEW
TEXAS VENTURES ACQUISITION I	TVIVU	$4.0M	400,000	0.03%	-	new	NEW
TWELVE SEAS ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	TWLV	$4.0M	400,000	0.03%	flat	2q	HELD
Wilco 63 Corp	WLCOU	$4.0M	400,000	0.03%	-	new	NEW
BANK OF AMER CORP	BAC	$4.0M	69,803	0.03%	+0.03pp	11q	+725.3%+$3.5M
FG IMPERII ACQUISITION CORP	FGII	$4.0M	399,998	0.03%	-	new	NEW
ABONY ACQUISITION CORP I	AACO	$4.0M	399,993	0.03%	-	new	NEW
HOST HOTELS & RESORTS INC	HST	$3.9M	166,220	0.03%	flat	8q	-16.3%-$769.2K
HIMS & HERS HEALTH INC	HIMS	$3.9M	112,616	0.03%	-	new	NEW
EXPEDIA GROUP INC	EXPE	$3.9M	15,198	0.03%	+0.01pp	8q	+27.5%+$838.3K
COLUMBIA BKG SYS INC	COLB	$3.9M	121,145	0.03%	+0.02pp	9q	+328.9%+$3.0M
RADIAN GROUP INC	RDN	$3.9M	102,833	0.03%	+0.02pp	9q	+96.3%+$1.9M
APPLE HOSPITALITY REIT INC	APLE	$3.8M	227,415	0.03%	+0.02pp	2q	+51.4%+$1.3M
SPRING VY ACQUISITION CORP I	SVIV	$3.8M	374,996	0.03%	-	new	NEW
ERO COPPER CORP	ERO	$3.8M	142,879	0.03%	+0.01pp	4q	+111.0%+$2.0M
BRAZE INC	BRZE	$3.8M	173,380	0.03%	-0.18pp	4q	-71.1%-$9.3M
SOUTHERN CO	SO	$3.7M	39,173	0.03%	-0.05pp	2q	-65.8%-$7.2M
BLACK SPADE ACQUISITION III	BIII	$3.7M	375,000	0.03%	flat	2q	HELD
WELLS FARGO & CO	WFC	$3.7M	44,985	0.03%	flat	22q	-4.5%-$176.0K
LYFT INC	LYFT	$3.7M	253,596	0.03%	+0.03pp	2q	+3743.5%+$3.6M
BEST BUY INC	BBY	$3.7M	48,704	0.03%	+0.03pp	9q	+405766.7%+$3.7M
ABIVAX SA	ABVX	$3.7M	27,712	0.03%	-	new	NEW
MACYS INC	M	$3.7M	155,834	0.03%	+0.02pp	3q	+71.9%+$1.5M
DUNEACQUISITIONCORPII	CCAQ	$3.7M	350,000	0.03%	flat	4q	HELD
SILVER PEG	SPEG	$3.6M	350,000	0.03%	flat	3q	HELD
SIGNET JEWELERS LTD	SIG	$3.6M	41,684	0.03%	+0.01pp	2q	+58.5%+$1.3M
CROCS INC	CROX	$3.6M	29,531	0.03%	+0.01pp	8q	+50.7%+$1.2M
CSLM DIGIT	KOYN	$3.5M	350,000	0.03%	flat	4q	HELD
COLUMBUS CIRCLE CAP CORP II	IPXG	$3.5M	349,993	0.03%	-	new	NEW

Showing the largest 400 of 1,354 positions.

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Banks & Lending	$1.8B	13.4%
Software & IT Services	$1.4B	10.2%
Mining & Metals	$1.3B	9.4%
Semiconductors & Electronics	$1.0B	7.7%
Energy	$776.9M	5.7%
Holding & Investment	$679.7M	5.0%
Transport & Logistics	$656.2M	4.9%
Retail & Consumer	$432.5M	3.2%
Utilities	$377.1M	2.8%
Real Estate	$338.1M	2.5%
Biotech & Pharma	$323.0M	2.4%
Insurance	$301.4M	2.2%
Other sectors	$1.9B	14.0%
Not classified	$2.2B	16.6%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q2 2026	+8.5%	+14.8%	-6.3%	70%
Q1 2026	-0.5%	-4.6%	+4.1%	68%
Q4 2025	+3.9%	+2.4%	+1.6%	98%
Q3 2025	+9.6%	+7.8%	+1.7%	98%
Q2 2025	+10.6%	+10.5%	+0.1%	98%
Q1 2025	-4.6%	-4.6%	-0.1%	96%
Q4 2024	+3.7%	+2.1%	+1.6%	93%
Q3 2024	+5.3%	+5.4%	-0.1%	96%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$13.5B	1,354	499	307	308	352	27.4%	44
Q1 2026	$13.5B	1,207	272	335	191	245	35.1%	43
Q4 2025	$12.9B	1,180	341	247	231	219	37.3%	42
Q3 2025	$11.1B	1,058	311	198	192	211	37.7%	43
Q2 2025	$9.7B	958	302	168	183	265	34.2%	43
Q1 2025	$5.8B	921	223	215	194	150	46.2%	37
Q4 2024	$4.9B	848	153	233	155	145	39.8%	92
Q3 2024	$3.1B	840	425	195	135	183	25.3%	35
Q2 2024	$2.6B	598	304	77	110	81	20.2%	31
Q1 2024	$3.3B	375	77	86	116	142	36.6%	39
Q4 2023	$3.7B	440	143	95	102	127	48.1%	37
Q3 2023	$3.3B	424	117	104	66	130	39.7%	37
Q2 2023	$2.3B	437	90	91	125	154	22.6%	34
Q1 2023	$2.3B	501	79	130	104	258	19.2%	38
Q4 2022	$2.1B	680	125	120	101	197	17.1%	44
Q3 2022	$2.8B	752	85	69	138	193	30.0%	40
Q2 2022	$2.6B	860	86	98	138	182	14.6%	39
Q1 2022	$2.8B	956	292	111	132	296	13.9%	41
Q4 2021	$4.1B	960	240	93	129	177	36.8%	46
Q3 2021	$2.7B	897	200	94	124	188	16.7%	40
Q2 2021	$3.4B	885	652	73	87	100	24.1%	42
Q1 2021	$2.1B	333	188	34	96	190	18.3%	44
Q4 2020	$2.1B	335	150	46	101	152	20.2%	43
Q3 2020	$1.8B	337	130	58	113	106	20.3%	33
Q2 2020	$1.7B	313	107	56	101	78	24.1%	36
Q1 2020	$1.8B	284	89	106	80	85	36.9%	36
Q4 2019	$1.5B	280	124	62	83	34	24.4%	41
Q3 2019	$1.4B	190	33	49	98	31	26.2%	32
Q2 2019	$1.5B	188	39	53	81	33	25.6%	37
Q1 2019	$1.3B	182	32	57	70	20	26.2%	32
Q4 2018	$1.1B	170	0	0	0	0	28.9%	36

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.