Q3 2025 Holdings
Filed 2025-11-14 | 968 holdings | $21.1B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr Gold TR(GLD)Call | GOLD SHS | 78463V107 | $3.6B | 10,063,800 | 17.0% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $1.4B | 2,090,000 | 6.6% |
| Spdr Gold TR(GLD)Put | GOLD SHS | 78463V107 | $1.0B | 2,943,300 | 5.0% |
| Ishares TR(IVV) | CORE S&P500 ETF | 464287200 | $663.4M | 991,156 | 3.1% |
| Ishares TR(EEM)Put | MSCI EMG MKT ETF | 464287234 | $629.2M | 11,782,400 | 3.0% |
| Spdr S&P 500 ETF TR(SPY)Call | TR UNIT | 78462F103 | $532.9M | 800,000 | 2.5% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $530.3M | 1,491,747 | 2.5% |
| Tesla Inc(TSLA)Put | COM | 88160R101 | $437.6M | 984,100 | 2.1% |
| Tesla Inc(TSLA) | COM | 88160R101 | $371.5M | 835,349 | 1.8% |
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $370.4M | 4,562,000 | 1.8% |
| Ishares TR(FXI)Put | CHINA LG-CAP ETF | 464287184 | $361.8M | 8,795,400 | 1.7% |
| Select Sector Spdr TR(XLF)Put | FINANCIAL | 81369Y605 | $330.5M | 6,135,000 | 1.6% |
| Select Sector Spdr TR(XLE)Put | ENERGY | 81369Y506 | $245.9M | 2,752,600 | 1.2% |
| Ishares TR(LQD)Put | IBOXX INV CP ETF | 464287242 | $245.2M | 2,200,000 | 1.2% |
| Vaneck ETF Trust(SMH)Put | SEMICONDUCTR ETF | 92189F676 | $244.8M | 750,000 | 1.2% |
| Vaneck ETF Trust(GDX)Put | GOLD MINERS ETF | 92189F106 | $216.6M | 2,835,000 | 1.0% |
| Select Sector Spdr TR(XLV)Put | SBI HEALTHCARE | 81369Y209 | $215.7M | 1,550,000 | 1.0% |
| Select Sector Spdr TR(XLK)Put | TECHNOLOGY | 81369Y803 | $209.9M | 744,600 | 1.0% |
| Ishares TR(TLT)Call | 20 YR TR BD ETF | 464287432 | $207.0M | 2,316,700 | 1.0% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $203.6M | 1,091,272 | 1.0% |
| Nvidia Corporation(NVDA)Put | COM | 67066G104 | $188.9M | 1,012,300 | 0.9% |
| Ishares TR(FXI)Call | CHINA LG-CAP ETF | 464287184 | $182.9M | 4,445,000 | 0.9% |
| Ishares Inc(EWZ)Put | MSCI BRAZIL ETF | 464286400 | $167.2M | 5,392,000 | 0.8% |
| Ishares Bitcoin Trust ETF(IBIT) | SHS BEN INT | 46438F101 | $135.1M | 2,078,778 | 0.6% |
| Select Sector Spdr TR(XLI)Put | INDL | 81369Y704 | $134.4M | 871,700 | 0.6% |
| Kraneshares Trust(KWEB)Put | CSI CHI INTERNET | 500767306 | $133.2M | 3,170,600 | 0.6% |
| Ishares TR(EFA)Call | MSCI EAFE ETF | 464287465 | $125.1M | 1,340,000 | 0.6% |
| Anglogold Ashanti PLC(AU)Put | COM SHS | G0378L100 | $105.5M | 1,500,000 | 0.5% |
| Ishares TR(EEM)Call | MSCI EMG MKT ETF | 464287234 | $104.5M | 1,956,900 | 0.5% |
| Ishares Bitcoin Trust ETF(IBIT)Put | SHS BEN INT | 46438F101 | $102.0M | 1,569,300 | 0.5% |
| Vanguard Index FDS(VOO) | S&P 500 ETF SHS | 922908363 | $100.4M | 164,000 | 0.5% |
| Ishares TR(EEM) | MSCI EMG MKT ETF | 464287234 | $92.3M | 1,728,015 | 0.4% |
| Palantir Technologies Inc(PLTR) | CL A | 69608A108 | $92.2M | 505,336 | 0.4% |
| Palantir Technologies Inc(PLTR)Put | CL A | 69608A108 | $90.8M | 497,600 | 0.4% |
| Kraneshares Trust(KWEB)Call | CSI CHI INTERNET | 500767306 | $85.4M | 2,033,300 | 0.4% |
| Alphabet Inc(GOOGL)Put | CAP STK CL A | 02079K305 | $82.2M | 338,100 | 0.4% |
| Kraneshares Trust(KWEB) | CSI CHI INTERNET | 500767306 | $81.3M | 1,934,766 | 0.4% |
| Vaneck ETF Trust(GDX)Call | GOLD MINERS ETF | 92189F106 | $81.0M | 1,060,000 | 0.4% |
| Ishares TR(TLT)Put | 20 YR TR BD ETF | 464287432 | $79.9M | 894,400 | 0.4% |
| Brown & Brown Inc(BRO) | COM | 115236101 | $79.1M | 843,015 | 0.4% |
| Strategy Inc(MSTR)Call | CL A NEW | 594972408 | $73.9M | 229,400 | 0.4% |
| Ishares Inc(EWZ)Call | MSCI BRAZIL ETF | 464286400 | $72.2M | 2,327,900 | 0.3% |
| Strategy Inc(MSTR)Put | CL A NEW | 594972408 | $70.4M | 218,600 | 0.3% |
| Anglogold Ashanti PLC(AU)Call | COM SHS | G0378L100 | $70.3M | 1,000,000 | 0.3% |
| Spdr Series Trust(KRE)Put | S&P REGL BKG | 78464A698 | $69.6M | 1,100,000 | 0.3% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $66.5M | 275,000 | 0.3% |
| Autodesk Inc(ADSK) | COM | 052769106 | $64.6M | 203,376 | 0.3% |
| Coinbase Global Inc(COIN)Put | COM CL A | 19260Q107 | $61.1M | 181,100 | 0.3% |
| Hexcel Corp New(HXL) | COM | 428291108 | $60.3M | 961,667 | 0.3% |
| General Dynamics Corp(GD) | COM | 369550108 | $57.7M | 169,305 | 0.3% |