Q2 2025 Holdings
Filed 2025-08-14 | 362 holdings | $1.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $115.7M | 187,200 | 8.8% |
| American Airls Group Inc(AAL)Put | COM | 02376R102 | $92.7M | 8,260,100 | 7.1% |
| Avis Budget Group(CAR)Put | COM | 053774105 | $61.9M | 366,000 | 4.7% |
| Spdr Series Trust(XOP)Put | S&P OILGAS EXP | 78468R556 | $50.3M | 400,000 | 3.8% |
| Ishares TR(TLT)Put | 20 YR TR BD ETF | 464287432 | $44.6M | 505,000 | 3.4% |
| Microstrategy Inc | NOTE 0.875% 3/1 | 594972AL5 | $37.9M | $20,000,000 | 2.9% |
| Norwegian Cruise Line Hldg L(NCLH)Put | SHS | G66721104 | $34.2M | 1,687,500 | 2.6% |
| Bausch Health COS Inc(BHC)Put | COM | 071734107 | $33.6M | 5,050,000 | 2.6% |
| Vaneck ETF Trust(GDX)Put | GOLD MINERS ETF | 92189F106 | $31.2M | 600,000 | 2.4% |
| Rivian Automotive Inc(RIVN)Put | COM CL A | 76954A103 | $29.7M | 2,160,000 | 2.3% |
| Comcast Corp New(CMCSA)Call | CL A | 20030N101 | $26.8M | 750,000 | 2.0% |
| Herbalife LTD(HLF)Put | COM SHS | G4412G101 | $24.1M | 2,800,000 | 1.8% |
| Bristol-Myers Squibb Co(BMY)Call | COM | 110122108 | $22.0M | 475,000 | 1.7% |
| Pfizer Inc(PFE)Call | COM | 717081103 | $21.8M | 900,000 | 1.7% |
| United Airls Hldgs Inc(UAL)Put | COM | 910047109 | $21.3M | 267,000 | 1.6% |
| PBF Energy Inc(PBF)Put | CL A | 69318G106 | $20.6M | 950,000 | 1.6% |
| Norwegian Cruise Line Hldg L(NCLH)Call | SHS | G66721104 | $16.2M | 800,000 | 1.2% |
| Unitedhealth Group Inc(UNH)Call | COM | 91324P102 | $15.6M | 50,000 | 1.2% |
| Merck & Co Inc(MRK)Call | COM | 58933Y105 | $15.4M | 195,000 | 1.2% |
| Rivian Automotive Inc | NOTE 4.625% 3/1 | 76954AAB9 | $15.3M | $15,000,000 | 1.2% |
| Gilead Sciences Inc(GILD)Call | COM | 375558103 | $15.0M | 135,000 | 1.1% |
| NCL Corp LTD | NOTE 1.125% 2/1 | 62886HBD2 | $14.3M | $14,500,000 | 1.1% |
| Gilead Sciences Inc(GILD)Put | COM | 375558103 | $11.1M | 100,000 | 0.8% |
| Kinder Morgan Inc del(KMI)Call | COM | 49456B101 | $10.6M | 360,000 | 0.8% |
| Cisco SYS Inc(CSCO)Call | COM | 17275R102 | $10.4M | 150,000 | 0.8% |
| Conagra Brands Inc(CAG)Call | COM | 205887102 | $10.2M | 500,000 | 0.8% |
| Citigroup Inc(C)Call | COM NEW | 172967424 | $10.2M | 120,000 | 0.8% |
| Frontier Communications Pare(FYBR)Put | COM | 35909D109 | $9.6M | 265,000 | 0.7% |
| Simon Ppty Group Inc New(SPG)Call | COM | 828806109 | $9.6M | 60,000 | 0.7% |
| Kosmos Energy LTD | NOTE 3.125% 3/1 | 500688AH9 | $9.6M | $14,000,000 | 0.7% |
| Kohls Corp(KSS)Put | COM | 500255104 | $9.2M | 1,080,000 | 0.7% |
| Republic Svcs Inc(RSG) | COM | 760759100 | $8.4M | 33,880 | 0.6% |
| Nexxen Intl LTD(NEXN) | SHS NEW | M8T80P204 | $8.1M | 1,066,927 | 0.6% |
| Hertz Global Hldgs Inc(HTZ)Put | COM NEW | 42806J700 | $7.9M | 1,155,000 | 0.6% |
| Silence Therapeutics PLC(SLN) | ADS | 82686Q101 | $7.8M | 1,849,734 | 0.6% |
| Xerox Holdings Corp(XRX)Put | COM NEW | 98421M106 | $7.5M | 1,430,000 | 0.6% |
| Citigroup Inc(C)Put | COM NEW | 172967424 | $6.8M | 80,000 | 0.5% |
| Badger Meter Inc(BMI) | COM | 056525108 | $6.8M | 27,760 | 0.5% |
| Verizon Communications Inc(VZ)Put | COM | 92343V104 | $6.5M | 150,000 | 0.5% |
| Freeport-Mcmoran Inc(FCX)Call | CL B | 35671D857 | $6.1M | 140,000 | 0.5% |
| Target Corp(TGT)Call | COM | 87612E106 | $5.9M | 60,000 | 0.5% |
| Newmont Corp(NEM)Put | COM | 651639106 | $5.8M | 100,000 | 0.4% |
| Bristol-Myers Squibb Co(BMY)Put | COM | 110122108 | $5.8M | 125,000 | 0.4% |
| Ford MTR Co(F)Put | COM | 345370860 | $5.4M | 500,000 | 0.4% |
| First Solar Inc(FSLR)Call | COM | 336433107 | $5.3M | 32,200 | 0.4% |
| Archer Daniels Midland Co(ADM)Call | COM | 039483102 | $5.3M | 100,000 | 0.4% |
| Verizon Communications Inc(VZ) | COM | 92343V104 | $5.2M | 121,145 | 0.4% |
| International Business Machs(IBM)Put | COM | 459200101 | $5.2M | 17,500 | 0.4% |
| Brown & Brown Inc(BRO) | COM | 115236101 | $5.0M | 45,528 | 0.4% |
| Delta AIR Lines Inc del(DAL)Call | COM NEW | 247361702 | $4.9M | 100,000 | 0.4% |