Q4 2025 Holdings
Filed 2026-02-17 | 170 holdings | $3.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(IVV) | CORE S&P500 ETF | 464287200 | $1.5B | 2,222,669 | 45.7% |
| Spdr Gold TR(GLD)Put | GOLD SHS | 78463V107 | $233.8M | 590,000 | 7.0% |
| Spdr Gold TR(GLD)Call | GOLD SHS | 78463V107 | $223.9M | 565,000 | 6.7% |
| Vistra Corp(VST) | COM | 92840M102 | $102.8M | 637,266 | 3.1% |
| Select Sector Spdr TR(XLF)Put | STATE STREET FIN | 81369Y605 | $65.7M | 1,200,000 | 2.0% |
| Wells Fargo Co New(WFC) | COM | 949746101 | $60.1M | 645,093 | 1.8% |
| Citigroup Inc(C) | COM NEW | 172967424 | $59.8M | 512,538 | 1.8% |
| Bank America Corp(BAC) | COM | 060505104 | $57.7M | 1,049,093 | 1.7% |
| PG&E Corp(PCG) | COM | 69331C108 | $48.2M | 3,000,000 | 1.4% |
| Criteo S A(CRTO) | SPONS ADS | 226718104 | $46.6M | 2,260,000 | 1.4% |
| Vaneck ETF Trust(GDX) | GOLD MINERS ETF | 92189F106 | $36.1M | 420,762 | 1.1% |
| PG&E Corp(PCG)Put | COM | 69331C108 | $32.1M | 2,000,000 | 1.0% |
| Ishares Inc(EWZ)Call | MSCI BRAZIL ETF | 464286400 | $31.0M | 975,000 | 0.9% |
| Kraneshares Trust(KWEB)Call | CSI CHI INTERNET | 500767306 | $30.6M | 900,000 | 0.9% |
| Echostar Corp | NOTE 3.875%11/3 | 278768AB2 | $28.1M | $8,375,000 | 0.8% |
| ON Semiconductor Corp | NOTE 5/0 | 682189AS4 | $27.5M | $23,000,000 | 0.8% |
| Ishares TR(HYG) | IBOXX HI YD ETF | 464288513 | $26.8M | 332,728 | 0.8% |
| JPMorgan Chase & Co.(JPM) | COM | 46625H100 | $25.5M | 79,128 | 0.8% |
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $24.2M | 300,000 | 0.7% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $23.5M | 101,637 | 0.7% |
| Caterpillar Inc(CAT)Put | COM | 149123101 | $23.2M | 40,500 | 0.7% |
| Ishares Bitcoin Trust ETF(IBIT)Put | SHS BEN INT | 46438F101 | $22.9M | 461,000 | 0.7% |
| Kraneshares Trust(KWEB) | CSI CHI INTERNET | 500767306 | $22.6M | 663,641 | 0.7% |
| Ishares TR(INDA)Call | MSCI INDIA ETF | 46429B598 | $21.6M | 400,000 | 0.6% |
| ELI Lilly & Co(LLY) | COM | 532457108 | $21.1M | 19,635 | 0.6% |
| Alibaba Group Hldg LTD(BABA) | SPONSORED ADS | 01609W102 | $20.4M | 138,911 | 0.6% |
| Alibaba Group Hldg LTD | NOTE 0.500% 6/0 | 01609WBG6 | $17.1M | $11,000,000 | 0.5% |
| Rithm Capital Corp(RITM) | COM NEW | 64828T201 | $16.2M | 1,484,608 | 0.5% |
| Vaneck ETF Trust(GDXJ) | JUNIOR GOLD MINE | 92189F791 | $15.4M | 135,244 | 0.5% |
| Hewlett Packard Enterprise C(HPEPC) | 7.625 MAND CONV | 42824C208 | $14.4M | 216,326 | 0.4% |
| Coupang Inc(CPNG) | CL A | 22266T109 | $14.3M | 607,533 | 0.4% |
| Jetblue Airways Corp | NOTE 2.500% 9/0 | 477143AR2 | $13.9M | $14,320,000 | 0.4% |
| Boeing Co(BA) | COM | 097023105 | $13.0M | 59,928 | 0.4% |
| Ishares TR(LQD) | IBOXX INV CP ETF | 464287242 | $10.9M | 99,000 | 0.3% |
| Firefly Aerospace Inc(FLY) | COM | 31816X106 | $10.7M | 478,698 | 0.3% |
| AXT Inc(AXTI) | COM | 00246W103 | $10.7M | 653,063 | 0.3% |
| Novanta Inc | UNIT 11/01/2028 | 67000B203 | $10.6M | 192,963 | 0.3% |
| Futurecrest Acquisition Corp | UNIT 99/99/9999 | G3730U123 | $10.2M | 1,000,000 | 0.3% |
| American Exceptionalism Acqu | ORD CL A | G0273J101 | $10.2M | 891,386 | 0.3% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $10.1M | 41,000 | 0.3% |
| Grupo Financiero Galicia S.a(GGAL)Call | SPONSORED ADR | 399909100 | $8.9M | 165,300 | 0.3% |
| Upstart Hldgs Inc | NOTE 1.000%11/1 | 91680MAF4 | $8.8M | $10,000,000 | 0.3% |
| Albemarle Corp(ALBPA) | 7.25% DEP SHS A | 012653200 | $8.5M | 143,217 | 0.3% |
| Shift4 Pmts Inc | 6 SER A CNV PREF | 82452J307 | $8.5M | 105,709 | 0.3% |
| Akamai Technologies Inc | NOTE 0.375% 9/0 | 00971TAL5 | $8.3M | $8,270,000 | 0.3% |
| Ishares TR(INDA) | MSCI INDIA ETF | 46429B598 | $8.1M | 150,500 | 0.2% |
| Ishares TR(USHY) | BROAD USD HIGH | 46435U853 | $8.0M | 212,761 | 0.2% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $7.8M | 11,500 | 0.2% |
| Apollo Global Mgmt Inc | SER A MAND CNV | 03769M304 | $7.8M | 103,069 | 0.2% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $7.1M | 22,575 | 0.2% |