Q3 2025 Holdings
Filed 2025-11-14 | 415 holdings | $1.5B | 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 | $283.7M | 425,900 | 19.0% |
| American Airls Group Inc(AAL)Put | COM | 02376R102 | $64.7M | 5,760,100 | 4.3% |
| Avis Budget Group(CAR)Put | COM | 053774105 | $55.4M | 345,000 | 3.7% |
| Spdr Series Trust(XOP)Put | S&P OILGAS EXP | 78468R556 | $52.9M | 400,000 | 3.5% |
| Vaneck ETF Trust(GDX)Put | GOLD MINERS ETF | 92189F106 | $45.8M | 600,000 | 3.1% |
| Ishares TR(TLT)Put | 20 YR TR BD ETF | 464287432 | $37.3M | 417,000 | 2.5% |
| Spdr S&P 500 ETF TR(SPY)Call | TR UNIT | 78462F103 | $33.3M | 50,000 | 2.2% |
| Rivian Automotive Inc(RIVN)Put | COM CL A | 76954A103 | $32.3M | 2,200,000 | 2.2% |
| PBF Energy Inc(PBF)Put | CL A | 69318G106 | $28.7M | 950,000 | 1.9% |
| Comcast Corp New(CMCSA)Call | CL A | 20030N101 | $23.6M | 750,000 | 1.6% |
| Pfizer Inc(PFE)Call | COM | 717081103 | $22.9M | 900,000 | 1.5% |
| Strategy Inc | NOTE 0.875% 3/1 | 594972AL5 | $22.1M | $14,000,000 | 1.5% |
| Merck & Co Inc(MRK)Call | COM | 58933Y105 | $21.8M | 260,000 | 1.5% |
| Bristol-Myers Squibb Co(BMY)Call | COM | 110122108 | $21.4M | 475,000 | 1.4% |
| Invesco QQQ TR(QQQ)Put | UNIT SER 1 | 46090E103 | $18.0M | 30,000 | 1.2% |
| Unitedhealth Group Inc(UNH)Call | COM | 91324P102 | $17.3M | 50,000 | 1.2% |
| Rivian Automotive Inc | NOTE 4.625% 3/1 | 76954AAB9 | $15.6M | $15,000,000 | 1.0% |
| Gilead Sciences Inc(GILD)Call | COM | 375558103 | $15.0M | 135,000 | 1.0% |
| NCL Corp LTD | NOTE 1.125% 2/1 | 62886HBD2 | $14.9M | $14,500,000 | 1.0% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $14.5M | 60,000 | 1.0% |
| Kohls Corp(KSS)Put | COM | 500255104 | $14.3M | 930,000 | 1.0% |
| Newmont Corp(NEM)Put | COM | 651639106 | $12.6M | 150,000 | 0.8% |
| Citigroup Inc(C)Call | COM NEW | 172967424 | $12.2M | 120,000 | 0.8% |
| Simon Ppty Group Inc New(SPG)Call | COM | 828806109 | $11.3M | 60,000 | 0.8% |
| Gilead Sciences Inc(GILD)Put | COM | 375558103 | $11.1M | 100,000 | 0.7% |
| Bausch Health COS Inc(BHC)Put | COM | 071734107 | $11.1M | 1,716,000 | 0.7% |
| Bank America Corp(BAC)Put | COM | 060505104 | $10.3M | 200,000 | 0.7% |
| Kinder Morgan Inc del(KMI)Call | COM | 49456B101 | $10.2M | 360,000 | 0.7% |
| Frontier Communications Pare(FYBR)Put | COM | 35909D109 | $9.9M | 265,000 | 0.7% |
| Norwegian Cruise Line Hldg L(NCLH)Call | SHS | G66721104 | $9.9M | 400,000 | 0.7% |
| Conagra Brands Inc(CAG)Call | COM | 205887102 | $9.2M | 500,000 | 0.6% |
| Kosmos Energy LTD | NOTE 3.125% 3/1 | 500688AH9 | $9.0M | $14,000,000 | 0.6% |
| Citigroup Inc(C)Put | COM NEW | 172967424 | $8.1M | 80,000 | 0.5% |
| Hertz Global Hldgs Inc(HTZ)Put | COM NEW | 42806J700 | $7.9M | 1,155,000 | 0.5% |
| Silence Therapeutics PLC(SLN) | ADS | 82686Q101 | $7.1M | 1,844,948 | 0.5% |
| Republic Svcs Inc(RSG) | COM | 760759100 | $7.0M | 30,441 | 0.5% |
| Cisco SYS Inc(CSCO)Call | COM | 17275R102 | $6.8M | 100,000 | 0.5% |
| Verizon Communications Inc(VZ)Put | COM | 92343V104 | $6.6M | 150,000 | 0.4% |
| Ford MTR Co(F)Put | COM | 345370860 | $6.0M | 500,000 | 0.4% |
| Archer Daniels Midland Co(ADM)Call | COM | 039483102 | $6.0M | 100,000 | 0.4% |
| Uniti Group LLC | NOTE 7.500%12/0 | 91325VAB4 | $5.7M | $5,255,000 | 0.4% |
| Bristol-Myers Squibb Co(BMY)Put | COM | 110122108 | $5.6M | 125,000 | 0.4% |
| Freeport-Mcmoran Inc(FCX)Call | CL B | 35671D857 | $5.5M | 140,000 | 0.4% |
| Target Corp(TGT)Call | COM | 87612E106 | $5.4M | 60,000 | 0.4% |
| Verizon Communications Inc(VZ) | COM | 92343V104 | $5.0M | 114,000 | 0.3% |
| International Business Machs(IBM)Put | COM | 459200101 | $4.9M | 17,500 | 0.3% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $4.8M | 19,576 | 0.3% |
| RBC Bearings Inc(RBC) | COM | 75524B104 | $4.7M | 12,037 | 0.3% |
| Transdigm Group Inc(TDG) | COM | 893641100 | $4.6M | 3,477 | 0.3% |
| Intel Corp(INTC) | COM | 458140100 | $4.5M | 135,503 | 0.3% |