Q2 2025 Holdings
Filed 2025-08-13 | 1715 holdings | $6.1B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $834.7M | 3,867,900 | 13.6% |
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $345.9M | 4,289,100 | 5.7% |
| Ishares TR(MUB)Call | NATIONAL MUN ETF | 464288414 | $292.5M | 2,800,000 | 4.8% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $188.8M | 305,500 | 3.1% |
| Nvidia Corporation(NVDA)Put | COM | 67066G104 | $162.3M | 1,027,200 | 2.7% |
| Microsoft Corp(MSFT)Put | COM | 594918104 | $153.5M | 308,600 | 2.5% |
| Alibaba Group Hldg LTD(BABA)Put | SPONSORED ADS | 01609W102 | $138.3M | 1,219,600 | 2.3% |
| Ishares TR(IWM)Call | RUSSELL 2000 ETF | 464287655 | $137.0M | 635,000 | 2.2% |
| Spdr Gold TR(GLD)Call | GOLD SHS | 78463V107 | $116.4M | 381,700 | 1.9% |
| Ishares TR(LQD)Put | IBOXX INV CP ETF | 464287242 | $109.6M | 1,000,000 | 1.8% |
| Ishares TR(EMB)Put | JPMORGAN USD EMG | 464288281 | $97.3M | 1,050,000 | 1.6% |
| Nike Inc(NKE)Put | CL B | 654106103 | $74.4M | 1,047,100 | 1.2% |
| Microstrategy Inc(MSTR)Put | CL A NEW | 594972408 | $72.4M | 179,200 | 1.2% |
| Spdr Gold TR(GLD)Put | GOLD SHS | 78463V107 | $68.6M | 225,000 | 1.1% |
| Spdr S&P 500 ETF TR(SPY)Call | TR UNIT | 78462F103 | $49.4M | 80,000 | 0.8% |
| Apple Inc(AAPL)Call | COM | 037833100 | $48.1M | 234,400 | 0.8% |
| Amazon COM Inc(AMZN)Put | COM | 023135106 | $47.4M | 216,100 | 0.8% |
| Meta Platforms Inc(META)Put | CL A | 30303M102 | $46.6M | 63,100 | 0.8% |
| Disney Walt Co(DIS)Put | COM | 254687106 | $45.2M | 364,300 | 0.7% |
| Tesla Inc(TSLA)Put | COM | 88160R101 | $41.6M | 131,000 | 0.7% |
| Surgery Partners Inc(SGRY)Call | COM | 86881A100 | $39.9M | 1,794,000 | 0.7% |
| Spdr Series Trust(KRE)Put | S&P REGL BKG | 78464A698 | $39.6M | 666,900 | 0.6% |
| MR Cooper Group Inc(07WA)Put | COM | 62482R107 | $36.9M | 247,600 | 0.6% |
| PG&E Corp(PCG)Call | COM | 69331C108 | $31.9M | 2,287,800 | 0.5% |
| Qualcomm Inc(QCOM)Put | COM | 747525103 | $31.3M | 196,500 | 0.5% |
| Advanced Micro Devices Inc(AMD)Put | COM | 007903107 | $30.9M | 217,500 | 0.5% |
| Invesco QQQ TR(QQQ)Call | UNIT SER 1 | 46090E103 | $30.3M | 55,000 | 0.5% |
| Unitedhealth Group Inc(UNH)Call | COM | 91324P102 | $29.5M | 94,500 | 0.5% |
| Alibaba Group Hldg LTD(BABA) | SPONSORED ADS | 01609W102 | $29.4M | 259,416 | 0.5% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $27.7M | 90,888 | 0.5% |
| Ishares TR(HYG) | IBOXX HI YD ETF | 464288513 | $27.4M | 340,000 | 0.4% |
| Taiwan Semiconductor MFG LTD(TSM)Put | SPONSORED ADS | 874039100 | $27.0M | 119,200 | 0.4% |
| Nvidia Corporation(NVDA)Call | COM | 67066G104 | $25.0M | 158,200 | 0.4% |
| United STS Oil FD LP(USO)Put | UNITS | 91232N207 | $24.7M | 338,500 | 0.4% |
| Alibaba Group Hldg LTD(BABA)Call | SPONSORED ADS | 01609W102 | $24.7M | 218,000 | 0.4% |
| Ishares TR(TLT)Call | 20 YR TR BD ETF | 464287432 | $24.3M | 275,000 | 0.4% |
| Regeneron Pharmaceuticals(REGN)Call | COM | 75886F107 | $23.5M | 44,800 | 0.4% |
| Microstrategy Inc(MSTR)Call | CL A NEW | 594972408 | $23.0M | 57,000 | 0.4% |
| Brown & Brown Inc(BRO) | COM | 115236101 | $22.5M | 203,074 | 0.4% |
| Select Sector Spdr TR(XLU)Put | SBI INT-UTILS | 81369Y886 | $22.0M | 269,300 | 0.4% |
| PDD Holdings Inc(PDD)Call | SPONSORED ADS | 722304102 | $21.2M | 202,900 | 0.3% |
| Caterpillar Inc(CAT)Put | COM | 149123101 | $21.2M | 54,500 | 0.3% |
| Amazon COM Inc(AMZN)Call | COM | 023135106 | $20.6M | 93,800 | 0.3% |
| T-Mobile US Inc(TMUS)Put | COM | 872590104 | $20.3M | 85,000 | 0.3% |
| Ishares TR(MBB) | MBS ETF | 464288588 | $20.2M | 214,800 | 0.3% |
| Amedisys Inc(AMED)Put | COM | 023436108 | $20.1M | 204,300 | 0.3% |
| Paramount Global(0VVB)Put | CLASS B COM | 92556H206 | $19.8M | 1,536,900 | 0.3% |
| Nike Inc(NKE) | CL B | 654106103 | $19.3M | 271,223 | 0.3% |
| Kellanova(KEL) | COM | 487836108 | $19.3M | 242,105 | 0.3% |
| PDD Holdings Inc(PDD)Put | SPONSORED ADS | 722304102 | $18.9M | 180,400 | 0.3% |