DaveManuel.com · Institutional Ownership · 13F Holdings

LMR Partners LLP

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

CIK

1578621

Reported value

$26.8B

Positions

1,232

Top 10 weight

27.8%

Filed

2026-08-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ISHARES TR	IVV	$1.4B	1,911,286	5.34%	+3.88pp	4q	+88.0%+$670.2M
VANECK ETF TRUST CALL+PUT	SMH	$1.2B	123,731	4.44%	+4.44pp	17q	+12373000.0%+$1.2B
SPDR GOLD TR CALL+PUT	GLD	$986.6M	101,308	3.68%	-47.32pp	21q	+60.0%+$370.0M
NVIDIA CORPORATION CALL+PUT	NVDA	$643.4M	772,195	2.40%	+1.04pp	15q	-23.3%-$195.0M
ISHARES SILVER TR CALL+PUT	SLV	$578.4M	87,093	2.16%	+0.43pp	21q	-51.5%-$615.2M
MICRON TECHNOLOGY INC CALL+PUT	MU	$578.1M	40,806	2.16%	+1.42pp	8q	-91.6%-$6.3B
INVESCO QQQ TR CALL+PUT	QQQ	$521.2M	22,800	1.94%	+1.78pp	15q	-28.8%-$210.3M
ECHOSTAR CORP		$508.9M	163,274,522	1.90%	+0.79pp	7q	DEBT
ANGLOGOLD ASHANTI PLC CALL	AU	$504.1M	options only	1.88%	-	new	OPTIONS
TESLA INC CALL+PUT	TSLA	$500.7M	251,840	1.87%	+0.54pp	13q	+23.3%+$94.7M
GAMESTOP CORP CALL+PUT	GME	$492.1M	64,907	1.84%	+0.76pp	13q	-16.7%-$98.9M
WARNER BROS DISCOVERY INC CALL+PUT	WBD	$472.8M	13,035,187	1.76%	+1.19pp	17q	+91.4%+$225.8M
STATE STR SPDR S&P 500 ETF T CALL+PUT	SPY	$456.1M	555,734	1.70%	-0.27pp	13q	+21.4%+$80.3M
NOVARTIS AG CALL+PUT	NVS	$405.5M	153,726	1.51%	+1.04pp	6q	+256.6%+$291.8M
ROUNDHILL ETF TRUST CALL+PUT	DRAM	$347.2M	1,057,756	1.30%	-	new	NEW
RIVIAN AUTOMOTIVE INC PUT	RIVN	$326.7M	options only	1.22%	+0.68pp	14q	OPTIONS
ISHARES INC CALL+PUT	EWY	$301.4M	430,353	1.12%	+0.70pp	2q	+20.6%+$51.4M
SPACE EXPLORATION TECHN CORP CALL+PUT	SPCX	$297.1M	1,071,081	1.11%	-	new	NEW
ISHARES TR PUT	HYG	$286.3M	35,300	1.07%	+0.32pp	5q	HELD
VANECK ETF TRUST CALL+PUT	GDX	$259.6M	712,777	0.97%	+0.03pp	9q	-4.9%-$13.2M
ALIBABA GROUP HLDG LTD CALL+PUT	BABA	$253.2M	678,227	0.94%	+0.32pp	25q	+33.4%+$63.4M
ISHARES BITCOIN TRUST ETF CALL+PUT	IBIT	$245.8M	224,526	0.92%	+0.35pp	10q	-20.2%-$62.3M
TAIWAN SEMICONDUCTOR MANUFAC CALL+PUT	TSM	$244.5M	214,827	0.91%	+0.49pp	10q	+55.7%+$87.4M
STRATEGY INC CALL+PUT	MSTR	$232.5M	180,681	0.87%	-0.41pp	10q	-35.0%-$125.3M
ECHOSTAR CORP CALL+PUT	ECHO	$230.7M	1,135,605	0.86%	+0.41pp	12q	-3.1%-$7.3M
NORFOLK SOUTHN CORP	NSC	$227.1M	721,895	0.85%	+0.57pp	4q	+66.0%+$90.3M
NEBIUS GROUP N.V. PUT	NBIS	$209.9M	options only	0.78%	+0.62pp	4q	OPTIONS
CIPHER MINING 1.75 05/15/2030		$189.0M	33,500,000	0.71%	+0.48pp	5q	DEBT
Alibaba Group Holding Limited		$173.5M	147,100,000	0.65%	+0.20pp	5q	DEBT
BRISTOL-MYERS SQUIBB CO CALL+PUT	BMY	$173.2M	330,151	0.65%	+0.45pp	8q	+6501.7%+$170.6M
AMAZON COM INC CALL+PUT	AMZN	$172.8M	464,979	0.64%	+0.63pp	12q	+6243.5%+$170.1M
MODERNA INC CALL+PUT	MRNA	$171.3M	63,055	0.64%	+0.51pp	14q	+8920.7%+$169.4M
PALANTIR TECHNOLOGIES INC CALL+PUT	PLTR	$151.8M	166,530	0.57%	+0.03pp	7q	+91.8%+$72.7M
BIOGEN INC CALL+PUT	BIIB	$147.4M	4,866	0.55%	+0.44pp	3q	-95.8%-$3.4B
RIVIAN AUTOMOTIVE INC		$143.9M	122,000,000	0.54%	+0.23pp	10q	DEBT
ARM HOLDINGS PLC CALL+PUT	ARM	$142.2M	921	0.53%	+0.44pp	10q	-69.3%-$320.9M
MICROSOFT CORP CALL+PUT	MSFT	$139.4M	100,797	0.52%	+0.13pp	14q	+55.6%+$49.8M
FIRST SOLAR INC CALL+PUT	FSLR	$136.0M	1,304	0.51%	+0.32pp	8q	-95.9%-$3.2B
CORE SCIENTIFIC INC NEW	CORZW	$135.1M	7,187,579	0.50%	+0.37pp	9q	+2.9%+$3.8M
BROADCOM INC CALL+PUT	AVGO	$131.2M	48,298	0.49%	+0.03pp	10q	-88.5%-$1.0B
BP PLC	BP	$125.3M	3,391,572	0.47%	+0.08pp	14q	-6.0%-$8.0M
APPLE INC CALL+PUT	AAPL	$114.4M	141,301	0.43%	+0.19pp	13q	-40.6%-$78.2M
NIO INC PUT	NIO	$111.9M	221,300	0.42%	+0.12pp	27q	-35.4%-$61.2M
CHART INDS INC	GTLS	$109.1M	522,195	0.41%	+0.21pp	4q	+20.0%+$18.2M
META PLATFORMS INC CALL+PUT	META	$106.8M	40,586	0.40%	+0.39pp	10q	+622.8%+$92.1M
LAM RESEARCH CORP CALL+PUT	LRCX	$105.6M	82,869	0.39%	+0.31pp	7q	-10.6%-$12.5M
GAMESTOP CORP		$103.2M	101,250,000	0.39%	-	new	DEBT
SEAGATE TECHNOLOGY HLDNGS PL	STX	$100.9M	104,600	0.38%	+0.26pp	11q	-23.6%-$31.2M
AXALTA COATING SYS LTD	AXTA	$100.5M	2,938,056	0.38%	+0.27pp	3q	+66.6%+$40.2M
SHELL PLC	SHEL	$99.5M	1,283,528	0.37%	+0.29pp	6q	+224.1%+$68.8M
ORACLE CORP CALL+PUT	ORCL	$99.4M	118,188	0.37%	+0.02pp	6q	-14.7%-$17.1M
JAZZ INVESTMENTS I LTD		$98.0M	57,500,000	0.37%	-	new	DEBT
MOTOROLA SOLUTIONS INC	MSI	$96.5M	232,284	0.36%	+0.17pp	2q	+16.1%+$13.4M
SELECT SECTOR SPDR TR CALL+PUT	XLE	$96.4M	options only	0.36%	+0.02pp	2q	OPTIONS
ABIVAX SA CALL+PUT	ABVX	$94.8M	15,357	0.35%	+0.30pp	4q	-79.9%-$377.9M
MARVELL TECHNOLOGY INC CALL+PUT	MRVL	$93.9M	105,348	0.35%	+0.33pp	13q	+23.0%+$17.6M
AMPHENOL CORP CALL+PUT	APH	$93.7M	511,181	0.35%	+0.34pp	11q	HELD
UNITEDHEALTH GROUP INC CALL+PUT	UNH	$91.4M	9,215	0.34%	+0.01pp	13q	-93.7%-$1.4B
ELECTRONIC ARTS INC CALL	EA	$91.2M	314,865	0.34%	+0.10pp	6q	+13.1%+$10.6M
TAKE-TWO INTERACTIVE SOFTWAR CALL	TTWO	$90.9M	312,035	0.34%	+0.32pp	11q	+757.3%+$80.3M
INTEL CORP CALL+PUT	INTC	$90.2M	245,409	0.34%	+0.24pp	12q	-61.7%-$145.0M
ASML HLDG NV CALL+PUT	ASML	$89.9M	21,785	0.34%	+0.29pp	11q	+2301.9%+$86.2M
ADVANCED MICRO DEVICES INC CALL+PUT	AMD	$89.8M	4,590	0.34%	+0.17pp	13q	-31.8%-$41.8M
SUPER MICRO COMPUTER INC PUT	SMCI	$87.8M	197,623	0.33%	+0.22pp	7q	+1876.2%+$83.3M
DATADOG INC	DDOG	$86.4M	331,700	0.32%	+0.26pp	10q	+153.2%+$52.3M
SILICON LABORATORIES INC	SLAB	$82.9M	379,093	0.31%	+0.20pp	3q	+59.2%+$30.8M
SANDISK CORP CALL	SNDK	$81.9M	29,009	0.31%	+0.21pp	4q	-38.5%-$51.2M
STRATEGY INC		$77.3M	87,597,000	0.29%	+0.13pp	2q	DEBT
ROKU INC	ROKU	$75.0M	543,226	0.28%	-	new	NEW
CELESTICA INC	CLS	$73.2M	200,729	0.27%	+0.12pp	8q	-16.4%-$14.3M
PENUMBRA INC PUT	PEN	$72.5M	213,893	0.27%	+0.06pp	2q	-27.7%-$27.7M
GLOBALSTAR INC	GSAT	$69.1M	849,611	0.26%	+0.25pp	2q	HELD
COINBASE GLOBAL INC CALL+PUT	COIN	$67.2M	20,885	0.25%	-0.34pp	7q	-75.9%-$211.4M
ZOOM COMMUNICATIONS INC CALL+PUT	ZM	$65.9M	510,800	0.25%	+0.14pp	6q	-14.9%-$11.5M
Halozyme Thera 1.000		$65.8M	45,000,000	0.25%	+0.12pp	4q	DEBT
ILLUMINA INC	ILMN	$64.1M	364,307	0.24%	+0.15pp	2q	+17.1%+$9.4M
SNOWFLAKE INC CALL+PUT	SNOW	$64.0M	103,700	0.24%	+0.21pp	7q	+29.6%+$14.6M
SPDR SERIES TRUST CALL	XBI	$63.6M	131,711	0.24%	+0.16pp	3q	+536.3%+$53.6M
ESSENTIAL UTILS INC	WTRG	$62.4M	1,628,583	0.23%	+0.18pp	3q	+201.0%+$41.7M
AES CORP	AES	$62.4M	4,255,679	0.23%	+0.12pp	3q	+13.0%+$7.2M
IONIS PHARMACEUTICALS INC		$62.0M	40,000,000	0.23%	+0.11pp	3q	DEBT
DIREXION SHARES ETF TRUST PUT	SOXL	$62.0M	options only	0.23%	+0.23pp	10q	OPTIONS
QORVO INC	QRVO	$61.5M	659,190	0.23%	+0.16pp	11q	+67.5%+$24.8M
ISHARES TR CALL+PUT	TLT	$60.5M	options only	0.23%	+0.01pp	6q	OPTIONS
ARK ETF TR CALL+PUT	ARKK	$59.4M	65,643	0.22%	+0.21pp	5q	+6564200.0%+$59.4M
GLOBAL PMTS INC		$58.5M	65,000,000	0.22%	+0.10pp	2q	DEBT
APPLIED MATLS INC CALL+PUT	AMAT	$55.7M	44,064	0.21%	+0.10pp	11q	-43.9%-$43.6M
WATERS CORP	WAT	$55.2M	147,305	0.21%	-	new	NEW
UNITI GROUP LLC CALL	UNIT	$55.1M	3,135,000	0.21%	+0.11pp	4q	HELD
ALLIED GOLD CORP	AAUC	$54.4M	2,289,723	0.20%	+0.04pp	2q	-5.0%-$2.9M
CREDO TECHNOLOGY GROUP HOLDI	CRDO	$54.3M	199,723	0.20%	-	new	NEW
COREWEAVE INC CALL+PUT	CRWV	$54.0M	198,307	0.20%	-0.02pp	5q	+42.8%+$16.2M
ISHARES TR PUT	MUB	$53.8M	options only	0.20%	+0.08pp	13q	OPTIONS
TXNM ENERGY INC	TXNM	$53.6M	943,488	0.20%	+0.11pp	5q	+35.1%+$13.9M
CORNING INC	GLW	$53.2M	208,400	0.20%	+0.19pp	9q	+458.3%+$43.7M
AVIS BUDGET GROUP INC CALL+PUT	CAR	$52.8M	41,400	0.20%	+0.18pp	5q	HELD
UNITI GROUP INC		$52.3M	44,000,000	0.20%	+0.08pp	4q	DEBT
MONGODB INC CALL	MDB	$52.2M	135,304	0.19%	-	new	NEW
CROWDSTRIKE HLDGS INC CALL+PUT	CRWD	$52.1M	38,833	0.19%	+0.09pp	8q	+3.6%+$1.8M
ARISTA NETWORKS INC	ANET	$52.1M	306,517	0.19%	+0.18pp	4q	+513.0%+$43.6M
GSK PLC	GSK	$51.4M	980,479	0.19%	+0.07pp	10q	HELD
SMITH & NEPHEW PLC	SNN	$50.9M	1,767,872	0.19%	+0.07pp	2q	HELD
PALO ALTO NETWORKS INC CALL+PUT	PANW	$50.1M	70,975	0.19%	+0.14pp	5q	+3447.0%+$48.6M
TALEN ENERGY CORP CALL+PUT	TLN	$50.0M	15,345	0.19%	+0.13pp	5q	+198.5%+$33.2M
CIRCLE INTERNET GROUP INC CALL+PUT	CRCL	$49.8M	281,565	0.19%	+0.01pp	5q	-3.9%-$2.0M
MONOLITHIC PWR SYS INC	MPWR	$49.4M	35,757	0.18%	-	new	NEW
INTERNATIONAL BUSINESS MACHS PUT	IBM	$49.3M	100,481	0.18%	-	new	NEW
FIDELITY WISE ORIGIN BITCOIN PUT	FBTC	$48.9M	options only	0.18%	+0.06pp	5q	OPTIONS
NIO INC		$48.0M	47,500,000	0.18%	+0.07pp	7q	DEBT
ARROWHEAD PHARMACEUTICALS IN		$47.8M	40,000,000	0.18%	+0.10pp	2q	DEBT
Revolution Medicines Inc Warrant Exp 12/17/202	RVMDW	$47.5M	5,066,598	0.18%	+0.16pp	10q	+32.0%+$11.5M
DYCOM INDS INC	DY	$47.3M	93,598	0.18%	-	new	NEW
CHARTER COMMUNICATIONS INC CALL+PUT	CHTR	$47.2M	51,253	0.18%	+0.03pp	8q	+67.3%+$19.0M
BRIGHTSPRING HEALTH SVCS INC	BTSG	$47.2M	676,230	0.18%	+0.13pp	2q	+35.0%+$12.2M
JETBLUE AIRWAYS CORP CALL+PUT	JBLU	$47.1M	options only	0.18%	+0.13pp	4q	OPTIONS
JETBLUE AIRWAYS CORP		$47.1M	42,500,000	0.18%	+0.12pp	4q	DEBT
IRHYTHM HOLDINGS INC		$46.8M	42,500,000	0.17%	+0.10pp	2q	DEBT
TECK RESOURCES LTD	TECK	$45.8M	770,000	0.17%	+0.08pp	4q	-3.3%-$1.5M
NIO INC		$44.9M	45,000,000	0.17%	+0.07pp	7q	DEBT
FREEPORT-MCMORAN INC CALL+PUT	FCX	$44.0M	111,178	0.16%	+0.15pp	12q	+52.2%+$15.1M
KOSMOS ENERGY LTD		$43.4M	58,970,000	0.16%	+0.06pp	6q	DEBT
GE AEROSPACE	GE	$43.2M	115,547	0.16%	+0.14pp	14q	+188.9%+$28.2M
ALNYLAM PHARMACEUTICALS INC CALL	ALNY	$42.6M	134,214	0.16%	+0.10pp	3q	+79.8%+$18.9M
GE VERNOVA INC CALL+PUT	GEV	$42.0M	714	0.16%	+0.11pp	9q	+7040.0%+$41.4M
ISHARES TR	LQD	$41.8M	383,157	0.16%	-0.12pp	2q	HELD
CONOCOPHILLIPS CALL	COP	$40.2M	225,781	0.15%	+0.09pp	2q	+1505106.7%+$40.2M
MCDONALDS CORP CALL+PUT	MCD	$39.7M	51,553	0.15%	+0.07pp	6q	+192.8%+$26.2M
TRIP COM GROUP LTD		$39.5M	40,000,000	0.15%	+0.03pp	5q	DEBT
SUPER MICRO COMPUTER INC		$39.4M	42,750,000	0.15%	+0.06pp	6q	DEBT
AKAMAI TECHNOLOGIES INC		$39.1M	32,500,000	0.15%	-	new	DEBT
FEDEX CORP CALL+PUT	FDX	$39.0M	550	0.15%	-0.01pp	5q	HELD
WW GRAINGER INC CALL+PUT	GWW	$38.7M	247	0.14%	-	new	NEW
GENERAL MTRS CO CALL	GM	$38.6M	20,507	0.14%	-	new	NEW
ISHARES ETHEREUM TR CALL+PUT	ETHA	$38.5M	options only	0.14%	+0.09pp	4q	OPTIONS
REGENERON PHARMACEUTICALS PUT	REGN	$38.2M	22,306	0.14%	+0.08pp	5q	+15498.6%+$38.0M
NETFLIX INC. CALL	NFLX	$37.6M	148,622	0.14%	-0.14pp	16q	-75.8%-$117.9M
STMICROELECTRONICS N V CALL+PUT	STM	$37.5M	330,284	0.14%	+0.13pp	3q	HELD
IMMUNITYBIO INC CALL+PUT	IBRX	$37.2M	options only	0.14%	+0.07pp	13q	OPTIONS
KLA CORP CALL+PUT	KLAC	$37.0M	85,489	0.14%	+0.09pp	5q	+87.7%+$17.3M
WILLIAMS COS INC CALL	WMB	$35.5M	178,092	0.13%	+0.03pp	8q	+24.9%+$7.1M
NORTHERN OIL & GAS INC		$35.2M	36,755,000	0.13%	-	new	DEBT
DEVON ENERGY CORP NEW CALL	DVN	$35.1M	569,778	0.13%	-	new	NEW
CISCO SYS INC	CSCO	$33.8M	288,024	0.13%	+0.10pp	10q	+90.8%+$16.1M
TTM TECHNOLOGIES INC	TTMI	$33.7M	180,364	0.13%	+0.09pp	5q	+20.2%+$5.7M
CLOUDFLARE INC	NET	$33.4M	136,257	0.12%	-	new	NEW
QUALCOMM INC PUT	QCOM	$33.2M	29,561	0.12%	+0.10pp	12q	-63.0%-$56.5M
BOSTON SCIENTIFIC CORP CALL	BSX	$32.9M	107,478	0.12%	-0.01pp	12q	-53.8%-$38.4M
ELANCO ANIMAL HEALTH INC	ELAN	$32.9M	1,335,436	0.12%	+0.06pp	2q	+14.6%+$4.2M
WESTERN DIGITAL CORP PUT	WDC	$32.6M	31,053	0.12%	+0.12pp	12q	+1122.6%+$29.9M
COMCAST CORP NEW CALL	CMCSA	$31.8M	544,489	0.12%	+0.11pp	12q	+250.6%+$22.7M
SALESFORCE INC CALL+PUT	CRM	$31.7M	29,605	0.12%	-0.19pp	4q	+27.1%+$6.8M
F5 INC	FFIV	$31.7M	76,109	0.12%	+0.09pp	3q	+60.2%+$11.9M
SPOTIFY TECHNOLOGY S A CALL+PUT	SPOT	$31.3M	8,110	0.12%	flat	2q	HELD
REPLIGEN CORP	RGEN	$31.2M	228,600	0.12%	+0.05pp	2q	-9.7%-$3.3M
CONSTELLATION ENERGY CORP CALL+PUT	CEG	$31.1M	20,450	0.12%	-0.02pp	6q	+2363.9%+$29.8M
ARGENX SE CALL+PUT	ARGX	$29.6M	8,200	0.11%	+0.04pp	9q	-65.1%-$55.2M
CEREBRAS SYSTEMS INC CALL	CBRS	$28.8M	120,000	0.11%	-	new	NEW
KENVUE INC	KVUE	$28.8M	1,505,465	0.11%	-0.08pp	5q	-70.0%-$67.0M
FORGENT POWER SOLUTIONS INC	FPS	$27.1M	485,000	0.10%	+0.06pp	2q	-17.3%-$5.7M
BILIBILI INC PUT	BILI	$26.8M	278,430	0.10%	+0.01pp	6q	-38.6%-$16.9M
HEWLETT PACKARD ENTERPRISE C CALL+PUT	HPE	$26.8M	18,788	0.10%	+0.07pp	6q	+14.9%+$3.5M
ISHARES INC CALL	EWZ	$26.5M	50,000	0.10%	-0.03pp	9q	-72.2%-$69.0M
SURGERY PARTNERS INC CALL	SGRY	$26.2M	1,360,587	0.10%	+0.06pp	3q	+23.7%+$5.0M
FLUOR CORP PUT	FLR	$26.2M	150,000	0.10%	-0.02pp	5q	-55.8%-$33.1M
WOLFSPEED INC		$25.9M	6,559,000	0.10%	+0.09pp	3q	DEBT
WEBSTER FINL CORP	WBS	$25.8M	337,690	0.10%	+0.02pp	2q	-35.0%-$13.9M
DIGITALBRIDGE GROUP INC	DBRG	$25.4M	1,609,314	0.09%	+0.05pp	4q	+27.5%+$5.5M
SAREPTA THERAPEUTICS INC CALL+PUT	SRPT	$25.0M	138	0.09%	+0.02pp	5q	-99.0%-$2.6B
SYNAPTICS INC	SYNA	$24.8M	200,000	0.09%	-	new	NEW
ISHARES TR CALL	INDA	$24.7M	options only	0.09%	+0.05pp	2q	OPTIONS
AMPRIUS TECHNOLOGIES INC	AMPX	$24.3M	1,750,850	0.09%	-	new	NEW
SERVICENOW INC CALL+PUT	NOW	$24.2M	18,945	0.09%	+0.05pp	11q	-5.3%-$1.3M
MEDTRONIC PLC	MDT	$24.1M	308,551	0.09%	+0.09pp	12q	+1492.7%+$22.6M
AUTOZONE INC CALL	AZO	$24.0M	options only	0.09%	-0.02pp	4q	OPTIONS
TERAWULF INC CALL	WULF	$23.9M	733,973	0.09%	+0.03pp	4q	-5.3%-$1.3M
YPF SOCIEDAD ANONIMA CALL+PUT	YPF	$23.7M	options only	0.09%	+0.05pp	2q	OPTIONS
US FOODS HLDG CORP	USFD	$23.7M	231,521	0.09%	+0.05pp	2q	+28.6%+$5.3M
LIBERTY LIVE HOLDINGS INC	LLYVA	$23.7M	233,632	0.09%	+0.04pp	3q	HELD
BLOOM ENERGY CORP	BE	$22.9M	75,500	0.09%	+0.08pp	4q	+1061.5%+$20.9M
SOUTHERN CO		$22.8M	22,500,000	0.08%	-	new	DEBT
Ovintiv Inc. CALL+PUT	OVV	$22.3M	318,398	0.08%	+0.04pp	5q	+24.9%+$4.4M
BROOKDALE SR LIVING INC	BKD	$22.1M	1,370,481	0.08%	-	new	NEW
Collective Acquisition Corp Unit 04/27/2031	CAIIU	$21.9M	2,178,000	0.08%	-	new	NEW
DIANTHUS THERAPEUTICS INC	DNTH	$21.8M	223,995	0.08%	+0.06pp	2q	+92.4%+$10.5M
PEARSON PLC	PSO	$21.8M	1,373,260	0.08%	+0.04pp	3q	HELD
REVOLUTION MEDICINES INC PUT	RVMD	$21.6M	45,500	0.08%	+0.01pp	2q	-65.0%-$40.2M
FORTINET INC	FTNT	$21.6M	140,793	0.08%	+0.04pp	8q	-29.6%-$9.1M
ISHARES TR	IGV	$21.6M	238,466	0.08%	-0.11pp	2q	-10.9%-$2.6M
SOFI TECHNOLOGIES INC PUT	SOFI	$21.5M	options only	0.08%	+0.04pp	11q	OPTIONS
LAUNCH ONE ACQUISITION CORP	LPAA	$21.5M	1,980,000	0.08%	+0.03pp	7q	HELD
OKTA INC	OKTA	$21.4M	156,716	0.08%	-	new	NEW
VERTIV HOLDINGS CO PUT	VRT	$21.4M	38,821	0.08%	+0.06pp	8q	+664.9%+$18.6M
RIVIAN AUTOMOTIVE INC		$21.3M	20,000,000	0.08%	-	new	DEBT
DIAGEO PLC	DEO	$21.3M	264,382	0.08%	+0.04pp	7q	HELD
DRUGS MADE IN AMER ACQ II CO	DMIIU	$20.3M	2,000,000	0.08%	+0.03pp	4q	HELD
BLUE ACQUISITION CORP. O	BACC	$20.3M	1,915,455	0.08%	+0.03pp	3q	HELD
ABBVIE INC	ABBV	$20.1M	79,736	0.07%	-	new	NEW
Rre Ventures Acquisition Cor Unit 04/22/2031	RREVU	$20.1M	2,000,000	0.07%	-	new	NEW
C H ROBINSON WORLDWIDE IN CALL	CHRW	$19.9M	5,512	0.07%	+0.06pp	8q	HELD
TEVA PHARMACEUTICAL INDS LTD	TEVA	$19.7M	582,275	0.07%	-	new	NEW
Max Smart Ltd		$19.7M	20,000,000	0.07%	+0.03pp	3q	DEBT
GSR V ACQUISITION CORP	GSRVU	$19.7M	1,965,000	0.07%	-	new	NEW
BOX INC		$19.5M	20,000,000	0.07%	-	new	DEBT
TERADYNE INC	TER	$19.2M	39,700	0.07%	-	new	NEW
CLEVELAND-CLIFFS INC NEW CALL+PUT	CLF	$19.2M	options only	0.07%	-	new	OPTIONS
LIVERAMP HLDGS INC CALL	RAMP	$19.1M	106,125	0.07%	-	new	NEW
XPENG INC CALL+PUT	XPEV	$18.7M	408,667	0.07%	+0.06pp	5q	+16.8%+$2.7M
HDFC BANK LTD	HDB	$18.0M	697,409	0.07%	+0.04pp	2q	+25.3%+$3.6M
Inflection Point Acquisition Corp VI	IPFX	$17.6M	1,700,000	0.07%	-	new	NEW
SOLV ENERGY INC	MWH	$17.6M	515,991	0.07%	+0.05pp	2q	+171.2%+$11.1M
CARTESIAN GROWTH CORP IV	CGCFU	$17.5M	1,750,000	0.07%	-	new	NEW
UBER TECHNOLOGIES INC		$17.4M	15,000,000	0.06%	-	new	DEBT
SONY GROUP CORP CALL	SONY	$17.3M	821,700	0.06%	-	new	NEW
ALPHABET INC CALL+PUT	GOOGL	$17.2M	20,211	0.06%	-0.04pp	5q	-66.5%-$34.1M
Soren Acquisition Corp Unit 12/19/2030	SORNU	$17.0M	1,700,000	0.06%	+0.03pp	2q	HELD
ROBINHOOD MKTS INC	HOOD	$17.0M	169,460	0.06%	+0.05pp	2q	+1594.6%+$16.0M
INNIO NV	INIO	$17.0M	429,507	0.06%	-	new	NEW
TE CONNECTIVITY PLC	TEL	$16.9M	84,003	0.06%	-	new	NEW
ANTERO RESOURCES CORP CALL+PUT	AR	$16.8M	424,539	0.06%	+0.03pp	6q	+35.3%+$4.4M
BLEICHROEDER ACQUISITI CORP	BBCQ	$16.5M	1,600,000	0.06%	+0.03pp	2q	HELD
WOLFSPEED INC	WOLF	$16.5M	341,800	0.06%	-	new	NEW
GLOBAL BUSINESS TRAVEL GROUP	GBTG	$16.4M	1,750,463	0.06%	-	new	NEW
VIKING HOLDINGS LTD	VIK	$16.3M	156,088	0.06%	+0.03pp	5q	-5.6%-$964.6K
PROCEPT BIOROBOTICS CORP	PRCT	$16.3M	721,608	0.06%	-	new	NEW
USA RARE EARTH INC	USAR	$16.3M	753,676	0.06%	+0.04pp	3q	HELD
NEKTAR THERAPEUTICS PUT	NKTR	$16.1M	100,000	0.06%	+0.05pp	2q	+107.1%+$8.3M
CORE SCIENTIFIC INC NEW PUT	CORZ	$16.0M	225,000	0.06%	+0.01pp	9q	-78.1%-$56.9M
ARGAN INC CALL+PUT	AGX	$16.0M	options only	0.06%	-	new	OPTIONS
TARGA RES CORP	TRGP	$15.9M	59,194	0.06%	+0.04pp	4q	+36.4%+$4.2M
TALON CAP CORP	TLNCU	$15.8M	1,500,000	0.06%	+0.02pp	4q	HELD
QIAGEN NV CALL	QGEN	$15.8M	150,000	0.06%	flat	2q	HELD
Praetorian Acquisition Corp Unit 01/16/2031	PTORU	$15.7M	1,550,000	0.06%	+0.02pp	2q	HELD
NEWBURY STR II ACQUISITION COR ORD SHS CL A	NTWO	$15.4M	1,450,000	0.06%	+0.02pp	6q	HELD
Iron Horse Acquisition II Corp	IRHOU	$15.3M	1,500,000	0.06%	+0.02pp	3q	HELD
FG IMPERII ACQUISITION CORP	FGIIU	$15.3M	1,523,071	0.06%	+0.02pp	2q	HELD
Kyivstar Group Ltd	KYIVW	$15.2M	2,377,150	0.06%	+0.04pp	4q	HELD
PARAMOUNT SKYDANCE CORP CALL+PUT	SKYD	$15.1M	53,763	0.06%	+0.06pp	4q	HELD
IDEA ACQUISITION CORP	IACOU	$15.0M	1,500,000	0.06%	+0.02pp	2q	HELD
LAFAYETTE DIGITAL ACQUISITIO	ZKPU	$15.0M	1,500,000	0.06%	+0.02pp	2q	HELD
SAREPTA THERAPEUTICS INC		$14.9M	15,800,000	0.06%	+0.02pp	4q	DEBT
QUANTINUUM INC	QNT	$14.9M	182,272	0.06%	-	new	NEW
ABERCROMBIE & FITCH CO CALL+PUT	ANF	$14.9M	25,000	0.06%	+0.03pp	2q	HELD
NEWHOLD INVTS CORP IV	NHIVU	$14.9M	1,450,000	0.06%	-	new	NEW
DIGITALOCEAN HLDGS INC	DOCN	$14.9M	94,610	0.06%	-0.01pp	3q	-73.4%-$41.0M
SUMMIT THERAPEUTICS INC CALL+PUT	SMMT	$14.8M	96,177	0.06%	+0.03pp	9q	+181.9%+$9.6M
REDDIT INC CALL	RDDT	$14.8M	options only	0.06%	-	new	OPTIONS
MARRIOTT INTL INC NEW	MAR	$14.7M	39,543	0.05%	+0.02pp	2q	-24.7%-$4.8M
Kinetik Holdings Inc	KNTK	$14.6M	301,519	0.05%	-	new	NEW
ANDRETTI ACQUISITION CORP II	POLE	$14.5M	1,350,000	0.05%	+0.02pp	7q	HELD
MGM RESORTS INTERNATIONAL	MGM	$14.3M	300,000	0.05%	-	new	NEW
KEYSIGHT TECHNOLOGIES INC	KEYS	$14.3M	40,902	0.05%	+0.02pp	4q	-27.0%-$5.3M
UNIFIRST CORP MASS	UNF	$14.2M	53,726	0.05%	+0.04pp	2q	+77.8%+$6.2M
Hcm Iv Acquisition Corp Unit 01/20/2031	HACQU	$14.2M	1,400,000	0.05%	+0.02pp	2q	HELD
COSTCO WHOLESALE CORPORATION	COST	$14.1M	15,050	0.05%	-0.05pp	5q	+84.1%+$6.4M
T MOBILE US INC CALL	TMUS	$13.9M	options only	0.05%	+0.04pp	11q	OPTIONS
ANHEUSER BUSCH INBEV SA/NV	BUD	$13.8M	167,950	0.05%	+0.04pp	11q	+123.9%+$7.7M
INTERNATIONAL MNY EXPRESS IN	IMXI	$13.8M	955,810	0.05%	+0.04pp	3q	+385.6%+$11.0M
ELI LILLY & CO PUT	LLY	$13.8M	3,390	0.05%	-0.62pp	15q	-96.4%-$366.5M
PAN AMERN SILVER CORP CALL+PUT	PAAS	$13.8M	27,372	0.05%	+0.02pp	3q	HELD
XEROX HOLDINGS CORP		$13.7M	38,500,000	0.05%	+0.04pp	6q	DEBT
NEXTPOWER INC CALL+PUT	NXT	$13.7M	36,800	0.05%	+0.04pp	2q	+1032.3%+$12.5M
CARVANA CO CALL	CVNA	$13.5M	104,601	0.05%	+0.04pp	8q	HELD
COHERENT CORP	COHR	$13.4M	34,000	0.05%	-0.02pp	4q	-75.7%-$41.8M
Kensington Cap Acquisition Unit 99/99/9999	KCACU	$13.4M	1,300,000	0.05%	+0.02pp	2q	HELD
BERTO ACQUISITION CORP II	GUACU	$13.2M	1,300,000	0.05%	-	new	NEW
KEYSTONE ACQUISITION CORP	KEYYU	$13.1M	1,300,000	0.05%	-	new	NEW
VISTRA CORP CALL+PUT	VST	$13.0M	2,256	0.05%	flat	8q	-79.0%-$49.1M
GSR IV ACQUISITION CORP	GSRFU	$13.0M	1,250,000	0.05%	+0.02pp	4q	HELD
TOWER SEMICONDUCTOR LTD	TSEM	$13.0M	49,844	0.05%	-0.05pp	4q	-79.6%-$50.7M
DOORDASH INC CALL	DASH	$13.0M	18,000	0.05%	+0.04pp	5q	-46.4%-$11.2M
PETROLEO BRASILEIRO S A CALL	PBR	$12.9M	550,000	0.05%	+0.03pp	3q	+148.1%+$7.7M
NOKIA CORP	NOK	$12.9M	972,443	0.05%	+0.02pp	6q	+47.7%+$4.2M
NIKE INC PUT	NKE	$12.9M	67,019	0.05%	flat	5q	-41.3%-$9.1M
EQV VENTURES AC CORP. II	EVACU	$12.8M	1,250,000	0.05%	+0.02pp	4q	HELD
ALDEL FINL II INC CL A	ALDF	$12.8M	1,200,000	0.05%	+0.02pp	6q	HELD
NETEASE COM INC	NTES	$12.8M	99,945	0.05%	+0.04pp	6q	+304.5%+$9.6M
UNITED STS OIL FD LP PUT	USO	$12.8M	options only	0.05%	+0.01pp	2q	OPTIONS
Archimedes Tech Spac Ptnrs I Unit 01/23/2031	ARCIU	$12.7M	1,250,000	0.05%	+0.02pp	2q	HELD
Dave Inc	DAVEW	$12.7M	5,271,564	0.05%	+0.04pp	18q	+34.1%+$3.2M
BITCOIN INFRASTRUCTURE ACQUI	BIXIU	$12.6M	1,250,000	0.05%	+0.02pp	3q	HELD
Ares Acquisition Corp Iii Unit 99/99/9999	AACU	$12.6M	1,250,000	0.05%	-	new	NEW
AIRBNB INC	ABNB	$12.5M	87,553	0.05%	-	new	NEW
Rio Tinto PLC	RIO	$12.5M	131,949	0.05%	+0.03pp	10q	+25.7%+$2.6M
ZIM INTEGRATED SHIPPING SERV CALL+PUT	ZIM	$12.5M	130,301	0.05%	+0.02pp	2q	+90.5%+$5.9M
NEW PROVID	NPAC	$12.5M	1,200,000	0.05%	+0.02pp	5q	HELD
MOUNTAIN LAKE ACQUISIT CORP	MLAA	$12.4M	1,250,000	0.05%	-	new	NEW
WEN ACQUISITION CORP	WENN	$12.3M	1,200,000	0.05%	+0.02pp	4q	HELD
GLOBA TERRA ACQUISITION COR	GTERU	$12.3M	1,181,405	0.05%	+0.02pp	4q	HELD
CRANE HBR ACQUISITION CORP I	CRANU	$12.3M	1,200,000	0.05%	+0.02pp	3q	HELD
CIPHER DIGITAL INC CALL	CIFR	$12.2M	300,000	0.05%	+0.03pp	4q	+50.4%+$4.1M
RANGE CAP ACQUISITION CORP I	RNGTU	$12.2M	1,200,000	0.05%	+0.02pp	3q	HELD
STARBUCKS CORP	SBUX	$12.1M	118,545	0.05%	+0.01pp	2q	-25.4%-$4.1M
ALDABRA 4 LQDTY OPP VEH INC	ALOVU	$12.1M	1,200,000	0.05%	+0.02pp	2q	HELD
INTUIT CALL	INTU	$12.1M	16,151	0.05%	flat	6q	+336.5%+$9.3M
PERMIAN RESOURCES CORP	PR	$12.1M	654,688	0.04%	+0.02pp	3q	+29.8%+$2.8M
MADISON AIR SOLUTIONS CORP	MAIR	$12.0M	307,354	0.04%	-	new	NEW
GDS HLDGS LTD PUT	GDS	$12.0M	201,365	0.04%	+0.02pp	6q	+70.1%+$4.9M
JFROG LTD	FROG	$11.8M	130,000	0.04%	-	new	NEW
MONSTER BEVERAGE CORP NEW	MNST	$11.8M	122,732	0.04%	-	new	NEW
WAYFAIR INC	W	$11.7M	127,100	0.04%	-	new	NEW
ATLASSIAN CORPORATION CALL	TEAM	$11.7M	options only	0.04%	-	new	OPTIONS
DAEDALUS SPL ACQUISITION COR	DSACU	$11.5M	1,100,000	0.04%	+0.02pp	3q	HELD
Futurecorp Space Acquisition Unit 99/99/9999	FTRAU	$11.4M	1,129,000	0.04%	-	new	NEW
CSLM DIGITA ASSET ACQ CORP I	KOYNU	$11.3M	1,100,000	0.04%	+0.02pp	4q	HELD
PROCURE ETF TRUST II CALL+PUT	UFO	$11.3M	options only	0.04%	-	new	OPTIONS
OYSTER ENTERPRISES II ACQUIS ORD SH	OYSE	$11.3M	1,100,000	0.04%	+0.02pp	4q	HELD
RXO INC PUT	RXO	$11.2M	options only	0.04%	-	new	OPTIONS
Activate Energy Acquisition Unit 11/10/2030	AEAQU	$11.2M	1,100,000	0.04%	+0.02pp	3q	HELD
AMPRIUS TECHS INC WTS	AMPXWS	$11.1M	1,899,260	0.04%	-0.03pp	11q	-57.7%-$15.2M
PPL CORP	PPL	$11.1M	305,069	0.04%	+0.04pp	6q	+1210.7%+$10.2M
EVERPURE INC	P	$11.1M	140,447	0.04%	+0.03pp	2q	+87.3%+$5.2M
LEGATO MERGER CORP IV	LEGOU	$11.0M	1,100,000	0.04%	+0.02pp	2q	HELD
ALBEMARLE CORP PUT	ALB	$11.0M	31,557	0.04%	-0.05pp	5q	HELD
TERRESTRIAL ENERGY INC	IMSRW	$11.0M	3,246,410	0.04%	+0.02pp	3q	-3.0%-$341.7K
NEWHOLD INVT CORP III	NHIC	$10.9M	1,000,000	0.04%	-	new	NEW
TANGO THERAPEUTICS INC	TNGX	$10.9M	347,106	0.04%	-	new	NEW
M3BRIGADE ACQUISITION V CORP CL A	VLOS	$10.8M	1,000,000	0.04%	+0.01pp	7q	-26.1%-$3.8M
HCM III ACQUISITION CORP O	HCMA	$10.8M	1,050,000	0.04%	+0.02pp	4q	HELD
LAUNCH TWO ACQUISITION CORP.	LPBB	$10.7M	1,000,000	0.04%	+0.02pp	6q	HELD
FACT II ACQUISITION CORP ORD SHS CL A	FACT	$10.7M	1,002,470	0.04%	+0.02pp	6q	HELD
ROMAN DBDR ACQUISITION CORP	DRDB	$10.6M	1,010,174	0.04%	+0.02pp	6q	HELD
GRAF GLOBAL CORP	TONT	$10.6M	980,000	0.04%	+0.02pp	7q	HELD
ADOBE INC CALL+PUT	ADBE	$10.6M	23,023	0.04%	flat	10q	-28.4%-$4.2M
MARATHON PETE CORP	MPC	$10.5M	41,078	0.04%	-	new	NEW
Futurecrest Acquisition Corp Unit 99/99/9999	FCRSU	$10.4M	1,000,000	0.04%	+0.02pp	4q	HELD
Titan Acquisition Corp	TACH	$10.4M	1,000,000	0.04%	+0.02pp	5q	HELD
SAMSARA INC	IOT	$10.4M	320,788	0.04%	+0.02pp	3q	+21.9%+$1.9M
CANTOR EQU	CEPF	$10.4M	1,000,000	0.04%	+0.02pp	4q	HELD
MCKINLEY ACQUISITION CORP	MKLYU	$10.3M	1,000,000	0.04%	+0.02pp	4q	HELD
BTC DEV CORP O	BDCI	$10.3M	1,025,000	0.04%	+0.02pp	3q	HELD
REPUBLIC DIGITAL ACQUISITION	RDAG	$10.3M	997,100	0.04%	+0.02pp	5q	HELD
General Catalyst Gbl Resil M Unit 04/13/2031	GCGRU	$10.3M	1,000,000	0.04%	-	new	NEW
PROCAP ACQUISITION CORP	PCAP	$10.3M	998,177	0.04%	+0.02pp	4q	HELD
CG ONCOLOGY INC CALL	CGON	$10.2M	20,000	0.04%	-	new	NEW
Trailblazer Acquisition Corp Unit 08/21/2030	BLZRU	$10.2M	1,000,000	0.04%	+0.02pp	4q	HELD
CHENIERE ENERGY INC	LNG	$10.2M	42,663	0.04%	-0.02pp	2q	+1.3%+$131.5K
Meshflow Acquisition Corp	MESHU	$10.2M	1,000,000	0.04%	+0.02pp	3q	HELD
ARMADA ACQUISITION CORP III	AACIU	$10.1M	1,000,000	0.04%	+0.02pp	2q	HELD
LAUNCHPAD CADENZA ACQU CORP	LPCVU	$10.1M	1,000,000	0.04%	+0.02pp	3q	HELD
ILLUMINATION ACQUISITIO CORP	ILLUU	$10.1M	1,000,000	0.04%	+0.02pp	2q	HELD
AVERIN CAP ACQUISITION CORP	ACAAU	$10.0M	1,000,000	0.04%	+0.02pp	2q	HELD
PATRIOT ACQUISITION CORP	PTACU	$10.0M	1,000,000	0.04%	-	new	NEW
Tribeca Strategic Acquisitio Unit 05/22/2031	BIDWU	$9.9M	1,000,000	0.04%	-	new	NEW
FERVO ENERGY CO	FRVO	$9.9M	338,277	0.04%	-	new	NEW
GalaxyEdge Acquisition Corp	GLEDU	$9.9M	980,000	0.04%	+0.02pp	2q	HELD
XCEL ENERGY INC	XEL	$9.9M	122,875	0.04%	+0.02pp	5q	+16.0%+$1.4M
APTIV PLC CALL	APTV	$9.8M	options only	0.04%	+0.01pp	2q	OPTIONS
KODIAK AI INC.	KDK	$9.8M	1,923,076	0.04%	-	new	NEW
DOLLAR TREE INC	DLTR	$9.7M	80,000	0.04%	-	new	NEW
GLOBAL X FDS CALL	COPX	$9.6M	options only	0.04%	+0.02pp	3q	OPTIONS
ISHARES TR CALL	SOXX	$9.6M	options only	0.04%	-0.16pp	10q	OPTIONS
GREEN PLAINS INC PUT	GPRE	$9.6M	options only	0.04%	+0.01pp	4q	OPTIONS
TENARIS S A	TS	$9.6M	172,323	0.04%	-	new	NEW
SPACE ASSET ACQUISITION CORP	SAAQU	$9.5M	900,000	0.04%	+0.02pp	2q	HELD
TEXASVENTURESACQUISITIONI	TVA	$9.5M	900,000	0.04%	+0.01pp	3q	HELD
ISHARES TR CALL	IEF	$9.5M	options only	0.04%	+0.01pp	2q	OPTIONS
D. BORAL ARC ACQ I CORP.	BCAR	$9.4M	900,000	0.04%	+0.01pp	2q	HELD
NEUROCRINE BIOSCIENCES INC	NBIX	$9.4M	55,545	0.03%	+0.02pp	2q	HELD
SOLSTICE ADVANCED MATLS INC	SOLS	$9.3M	105,000	0.03%	+0.03pp	3q	+131.3%+$5.3M
LIGHTWAVE ACQUISITION CORP	LWACU	$9.3M	900,000	0.03%	+0.01pp	5q	HELD
ARXIS INC CL A COM	ARXS	$9.3M	200,700	0.03%	-	new	NEW
M EVO GBL ACQUISITION CORP I	MEVOU	$9.2M	900,000	0.03%	+0.01pp	2q	HELD
UNIQURE NV CALL+PUT	QURE	$9.1M	options only	0.03%	+0.03pp	2q	OPTIONS
YORKVILLE INTL CAP CORP	YICCU	$9.0M	900,000	0.03%	-	new	NEW
X3 ACQUISITION CORP LTD	XCBEU	$9.0M	900,000	0.03%	+0.01pp	2q	HELD
ASTERA LABS INC	ALAB	$9.0M	18,661	0.03%	+0.03pp	2q	-42.2%-$6.6M
Abony Acquisition Corp I Unit 01/29/2031	AACOU	$9.0M	900,000	0.03%	+0.01pp	2q	HELD
DARLING INGREDIENTS INC CALL	DAR	$9.0M	95,220	0.03%	+0.01pp	3q	HELD
STELLAR V	SVCC	$9.0M	850,000	0.03%	+0.01pp	6q	HELD
Wilco 63 Corp	WLCOU	$9.0M	900,000	0.03%	-	new	NEW
WORKIVA INC		$8.9M	8,940,000	0.03%	+0.01pp	5q	DEBT
COPLEY ACQUISITION CORP	COPLU	$8.9M	850,000	0.03%	+0.01pp	5q	HELD
NATIONAL ENERGY SERVICES REU	NESR	$8.9M	296,872	0.03%	+0.02pp	2q	+54.0%+$3.1M
LISTED FDS TR	MAGS	$8.9M	138,000	0.03%	-	new	NEW
SPARTACUS ACQUISITION CORP I	TMTSU	$8.7M	850,000	0.03%	+0.01pp	2q	HELD
CYTOKINETICS INC PUT	CYTK	$8.7M	34,653	0.03%	+0.02pp	2q	+705.9%+$7.6M
RIGETTI COMPUTING INC	RGTIW	$8.6M	964,040	0.03%	+0.02pp	4q	-20.5%-$2.2M
TRANSLATIONAL DEV ACQUISITIO	TDAC	$8.6M	800,000	0.03%	+0.01pp	6q	HELD
NEWAMSTERDAM PHARMA COMPANY CALL+PUT	NAMS	$8.4M	options only	0.03%	+0.02pp	2q	OPTIONS
TWILIO INC	TWLO	$8.4M	40,600	0.03%	-0.01pp	11q	-72.9%-$22.6M
RITHM ACQUISITION CORP	RAC	$8.4M	800,000	0.03%	+0.01pp	4q	HELD
ARMADA ACQUISITION CORP II COM CL A	XRPN	$8.3M	800,000	0.03%	+0.01pp	5q	HELD
VISA INC	V	$8.3M	24,113	0.03%	flat	2q	-40.4%-$5.6M
BLUE WTR ACQUISITION CORP. I ORD SH	BLUW	$8.3M	800,000	0.03%	+0.01pp	3q	HELD
OTG ACQUISITION CORP. I	OTGAU	$8.3M	800,000	0.03%	+0.01pp	4q	HELD
MERCK & CO INC PUT	MRK	$8.2M	44,030	0.03%	+0.02pp	3q	+1367.7%+$7.7M
APPLIED DIGITAL CORP	APLD	$8.1M	218,013	0.03%	-	new	NEW
MASTEC INC	MTZ	$8.1M	19,503	0.03%	flat	4q	-52.5%-$9.0M
BERTO ACQUISITION CORP	TACO	$8.1M	772,757	0.03%	+0.01pp	5q	HELD
VINE HILL CAP INVTS CORP II	VHCPU	$8.1M	800,000	0.03%	+0.01pp	3q	HELD
MELAR ACQUISITION CORP. I SHS CL A	MACI	$8.1M	742,500	0.03%	-0.01pp	7q	-50.0%-$8.1M
LIONHEART HOLDINGS SHS CL A	CUB	$8.1M	750,000	0.03%	-0.02pp	7q	-62.1%-$13.2M
Cantor Equity Partners VII Inc	CAES	$8.1M	800,000	0.03%	-	new	NEW
VALARIS LIMITED	VALWS	$8.1M	962,982	0.03%	flat	12q	HELD
Muzero Acquisition Corp Unit 01/30/2031	MUZEU	$8.0M	800,000	0.03%	+0.01pp	2q	HELD
SPRING VY ACQUISITION CORP I	SVAC	$8.0M	779,753	0.03%	+0.01pp	2q	HELD
TEXAS VENTURES ACQUISITION I	TVIVU	$8.0M	800,000	0.03%	-	new	NEW
Churchill Capital Corp XII	CXII	$8.0M	750,000	0.03%	-	new	NEW
K&F GROWTH ACQUISITION CORP	KFII	$7.9M	750,000	0.03%	+0.01pp	6q	HELD
Neptune Ins HLDGS Inc Class A	NP	$7.9M	250,103	0.03%	+0.02pp	3q	+66.6%+$3.2M

Showing the largest 400 of 1,232 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
Semiconductors & Electronics	$3.2B	12.0%
Capital Markets	$2.0B	7.3%
Software & IT Services	$1.9B	7.1%
Biotech & Pharma	$1.8B	6.6%
Holding & Investment	$1.3B	4.7%
Autos & Aerospace	$1.1B	4.0%
Retail & Consumer	$874.0M	3.3%
Mining & Metals	$840.8M	3.1%
Computer Hardware	$718.2M	2.7%
Telecom & Media	$705.1M	2.6%
Banks & Lending	$651.2M	2.4%
Energy	$553.3M	2.1%
Other sectors	$3.1B	11.4%
Not classified	$8.2B	30.7%

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 2023	+2.2%	+8.3%	-6.1%	62%
Q1 2023	+4.5%	+7.0%	-2.6%	65%
Q4 2022	+5.3%	+7.1%	-1.7%	62%
Q3 2022	-5.2%	-5.3%	+0.2%	69%
Q2 2022	-15.9%	-16.5%	+0.5%	72%
Q1 2022	-5.5%	-4.9%	-0.6%	69%
Q4 2021	+3.9%	+10.7%	-6.8%	64%
Q3 2021	-2.9%	+0.3%	-3.2%	67%

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	$26.8B	1,232	405	221	199	296	27.8%	45
Q1 2026	$45.4B	1,123	346	201	165	295	63.2%	45
Q4 2025	$53.1B	1,072	289	207	173	210	69.6%	48
Q3 2025	$22.7B	993	263	171	162	202	40.1%	45
Q2 2025	$14.0B	932	264	173	168	299	29.8%	45
Q1 2025	$10.7B	967	349	152	175	244	23.3%	45
Q4 2024	$11.9B	862	278	119	153	322	36.3%	45
Q3 2024	$12.6B	906	265	94	346	177	39.9%	38
Q2 2024	$11.8B	818	183	105	94	250	40.0%	45
Q1 2024	$9.8B	885	329	79	101	228	30.9%	45
Q4 2023	$8.8B	784	197	100	102	217	29.8%	45
Q3 2023	$8.9B	804	190	114	70	191	36.5%	45
Q2 2023	$9.0B	805	202	127	99	395	38.3%	45
Q1 2023	$6.5B	998	239	176	132	323	18.5%	45
Q4 2022	$5.7B	1,082	439	199	103	553	13.9%	45
Q3 2022	$5.4B	1,196	148	184	110	216	17.9%	45
Q2 2022	$6.0B	1,264	399	157	127	335	20.2%	46
Q1 2022	$8.6B	1,200	329	219	85	256	26.1%	46
Q4 2021	$9.8B	1,127	463	124	116	307	39.1%	45
Q3 2021	$8.9B	971	299	133	96	414	37.2%	46
Q2 2021	$6.6B	1,086	679	141	94	530	33.4%	47
Q1 2021	$4.0B	937	709	111	88	251	21.3%	47
Q4 2020	$6.4B	479	307	52	97	260	67.6%	47
Q3 2020	$4.9B	432	130	53	189	280	67.8%	47
Q2 2020	$4.0B	582	457	63	40	113	45.3%	45
Q1 2020	$2.1B	238	105	38	78	258	36.3%	136
Q4 2019	$61.1B	391	236	62	68	261	55.1%	45
Q3 2019	$2.0B	416	152	72	91	154	39.6%	45
Q2 2019	$2.7B	418	263	86	48	207	48.9%	45
Q1 2019	$2.0B	362	173	50	113	148	47.3%	45
Q4 2018	$2.0B	337	0	0	0	0	44.1%	45

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.