Q4 2025 Holdings
Filed 2026-02-17 | 1189 holdings | $4.2B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Strategy Inc(MSTR)Put | CL A NEW | 594972408 | $632.2M | 4,160,600 | 15.1% |
| Applied Digital Corp | NOTE 2.750% 6/0 | 038169AB4 | $171.7M | $63,738,000 | 4.1% |
| Invesco QQQ TR(QQQ)Put | UNIT SER 1 | 46090E103 | $116.7M | 190,000 | 2.8% |
| Ishares Bitcoin Trust ETF(IBIT)Put | SHS BEN INT | 46438F101 | $107.3M | 2,161,700 | 2.6% |
| Fidelity Wise Origin Bitcoin(FBTC)Put | SHS | 315948109 | $88.9M | 1,166,800 | 2.1% |
| Ishares Bitcoin Trust ETF(IBIT) | SHS BEN INT | 46438F101 | $76.9M | 1,547,855 | 1.8% |
| Sunrun Inc | NOTE 4.000% 3/0 | 86771WAD7 | $74.9M | $52,940,000 | 1.8% |
| Purecycle Technologies Inc | NOTE 7.250% 8/1 | 74623VAB9 | $68.9M | $68,167,000 | 1.6% |
| Rivian Automotive Inc | NOTE 3.625%10/1 | 76954AAD5 | $67.1M | $59,794,000 | 1.6% |
| Green Plains Inc | NOTE 5.250%11/0 | 393222AM6 | $61.4M | $58,308,000 | 1.5% |
| Tilray Brands Inc | NOTE 5.200% 6/1 | 88688TAC4 | $60.9M | $59,500,000 | 1.5% |
| The Realreal Inc | DEBT 4.000% 2/1 | 88339PAJ0 | $60.2M | $35,496,000 | 1.4% |
| Groupon Inc | NOTE 4.875% 6/3 | 399473AK3 | $58.2M | $65,471,000 | 1.4% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $57.0M | 246,872 | 1.4% |
| Calumet Inc(CLMT)Put | COM | 131428104 | $51.9M | 2,610,100 | 1.2% |
| Meta Platforms Inc(META) | CL A | 30303M102 | $49.7M | 75,237 | 1.2% |
| Ishares Inc(EWC) | MSCI CDA ETF | 464286509 | $43.5M | 806,849 | 1.0% |
| Bridgebio Pharma Inc | NOTE 2.500% 3/1 | 10806XAB8 | $42.0M | $22,241,000 | 1.0% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $41.5M | 222,279 | 1.0% |
| Ramaco RES Inc | NOTE 11/0 | 75134PAB1 | $40.0M | $47,300,000 | 1.0% |
| Ishares TR(TLT)Put | 20 YR TR BD ETF | 464287432 | $39.2M | 450,000 | 0.9% |
| Netflix Inc(NFLX) | COM | 64110L106 | $36.9M | 393,923 | 0.9% |
| Cleanspark Inc | NOTE 6/1 | 18452BAC4 | $35.8M | $34,519,000 | 0.9% |
| Gamestop Corp New(GME)Put | CL A | 36467W109 | $33.6M | 1,675,100 | 0.8% |
| Cipher Mining Inc(CIFR) | COM | 17253J106 | $33.3M | 2,258,042 | 0.8% |
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $32.3M | 400,000 | 0.8% |
| EOS Energy Enterprises Inc(EOSE)Put | COM CL A | 29415C101 | $30.4M | 2,655,100 | 0.7% |
| Proshares TR(BITO)Put | BITCOIN ETF | 74347G440 | $30.4M | 2,499,900 | 0.7% |
| United Parcel Service Inc(UPS) | CL B | 911312106 | $29.9M | 301,414 | 0.7% |
| Kraneshares Trust(KWEB)Call | CSI CHI INTERNET | 500767306 | $29.5M | 865,000 | 0.7% |
| Mara Holdings Inc | NOTE 3/0 | 565788AF3 | $28.4M | $36,029,000 | 0.7% |
| Citigroup Inc(C) | COM NEW | 172967424 | $28.1M | 241,094 | 0.7% |
| Micron Technology Inc(MU) | COM | 595112103 | $27.4M | 96,114 | 0.7% |
| Applied Optoelectronics Inc | NOTE 2.750% 1/1 | 03823UAE2 | $26.5M | $23,067,000 | 0.6% |
| Boeing Co(BA) | COM | 097023105 | $25.6M | 118,056 | 0.6% |
| First Solar Inc(FSLR) | COM | 336433107 | $25.6M | 98,074 | 0.6% |
| Alphabet Inc(GOOG) | CAP STK CL C | 02079K107 | $25.3M | 80,654 | 0.6% |
| Purecycle Technologies Inc(PCT)Put | COM | 74623V103 | $22.4M | 2,609,600 | 0.5% |
| Salesforce Inc(CRM) | COM | 79466L302 | $22.2M | 83,752 | 0.5% |
| CME Group Inc(CME) | COM | 12572Q105 | $21.9M | 80,032 | 0.5% |
| Mcdonalds Corp(MCD) | COM | 580135101 | $21.0M | 68,737 | 0.5% |
| EOS Energy Enterprises Inc(EOSE) | COM CL A | 29415C101 | $20.5M | 1,791,515 | 0.5% |
| Blackstone Mortgage Trust in | NOTE 5.500% 3/1 | 09257WAE0 | $20.5M | $20,638,000 | 0.5% |
| Solaris Energy Infras Inc | NOTE 0.250%10/0 | 83419XAB4 | $19.8M | $18,233,000 | 0.5% |
| Kraneshares Trust(KWEB) | CSI CHI INTERNET | 500767306 | $18.9M | 555,390 | 0.5% |
| Novavax Inc(NVAX)Put | COM NEW | 670002401 | $17.0M | 2,530,600 | 0.4% |
| Bloom Energy Corp | COM CL A | 093712AK3 | $16.9M | 194,563 | 0.4% |
| Opendoor Technologies Inc(OPEN) | COM | 683712103 | $16.1M | 2,768,208 | 0.4% |
| Select Sector Spdr TR(XLU) | STATE STREET UTI | 81369Y886 | $16.1M | 377,830 | 0.4% |
| Embraer S.A.(EMBJ) | SPONSORED ADS | 29082A107 | $15.8M | 245,272 | 0.4% |