Q4 2025 Holdings
Filed 2026-01-23 | 117 holdings | $2.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Nextera Energy Inc(NEE)Put | COM | 65339F101 | $176.3M | 2,196,100 | 7.8% |
| Spdr Gold TR(GLD)Call | GOLD SHS | 78463V107 | $141.9M | 358,000 | 6.3% |
| Boeing Co(BA)Put | COM | 097023105 | $105.7M | 487,000 | 4.7% |
| Southern Co(SOMN) | UNIT 12/15/2028 | 842587842 | $88.9M | 1,786,000 | 3.9% |
| Alibaba Group Hldg LTD | NOTE 0.500% 6/0 | 01609WBG6 | $84.0M | $54,000,000 | 3.7% |
| Southern Co(SO)Put | COM | 842587107 | $83.5M | 957,000 | 3.7% |
| Albemarle Corp(ALB)Put | COM | 012653101 | $78.3M | 553,500 | 3.5% |
| KKR & Co Inc(KKR)Put | COM | 48251W104 | $78.0M | 611,800 | 3.4% |
| UGI Corp New | NOTE 5.000% 6/0 | 902681AB1 | $77.7M | $54,714,000 | 3.4% |
| Hewlett Packard Enterprise C(HPE)Put | COM | 42824C109 | $68.1M | 2,834,700 | 3.0% |
| PG&E Corp(PCG)Put | COM | 69331C108 | $64.3M | 4,004,000 | 2.8% |
| Ares Management Corporation(ARES)Put | CL A COM STK | 03990B101 | $63.9M | 395,500 | 2.8% |
| Nebius Group N.V.(NBIS)Put | SHS CLASS A | N97284108 | $54.2M | 647,100 | 2.4% |
| UGI Corp New(UGI)Put | COM | 902681105 | $50.7M | 1,355,500 | 2.2% |
| Alibaba Group Hldg LTD(BABA)Put | SPONSORED ADS | 01609W102 | $41.5M | 282,900 | 1.8% |
| Albemarle Corp(ALBPA) | 7.25% DEP SHS A | 012653200 | $40.7M | 691,000 | 1.8% |
| Select Sector Spdr TR(XLE)Call | STATE STREET ENE | 81369Y506 | $35.8M | 800,000 | 1.6% |
| Microchip Technology Inc.(MCHP)Put | COM | 595017104 | $35.3M | 554,400 | 1.6% |
| Gamestop Corp New(GME)Put | CL A | 36467W109 | $33.4M | 1,664,200 | 1.5% |
| Akamai Technologies Inc(AKAM)Put | COM | 00971T101 | $33.2M | 380,000 | 1.5% |
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $32.3M | 400,000 | 1.4% |
| Nextera Energy Inc(NEE) | COM | 65339F101 | $31.4M | 390,794 | 1.4% |
| Firstenergy Corp(FE)Put | COM | 337932107 | $30.1M | 673,200 | 1.3% |
| Global Pmts Inc(GPN)Put | COM | 37940X102 | $28.9M | 373,800 | 1.3% |
| Live Nation Entertainment in(LYV)Put | COM | 538034109 | $28.1M | 197,000 | 1.2% |
| Ares Management Corporation(ARES) | 6.75 SE B PFD | 03990B309 | $25.3M | 500,000 | 1.1% |
| Evergy Inc | NOTE 4.500%12/1 | 30034WAD8 | $24.4M | $20,000,000 | 1.1% |
| Coinbase Global Inc(COIN)Put | COM CL A | 19260Q107 | $22.6M | 100,000 | 1.0% |
| Novanta Inc | UNIT 11/01/2028 | 67000B203 | $22.3M | 410,000 | 1.0% |
| Starwood Ppty TR Inc(STWD)Put | COM | 85571B105 | $21.4M | 1,190,400 | 0.9% |
| Kraneshares Trust(KWEB)Call | CSI CHI INTERNET | 500767306 | $20.4M | 600,000 | 0.9% |
| Tetra Tech Inc New(TTEK)Put | COM | 88162G103 | $20.3M | 604,800 | 0.9% |
| Blackline Inc(BL)Put | COM | 09239B109 | $19.2M | 346,600 | 0.8% |
| Starwood Ppty TR Inc | NOTE 6.750% 7/1 | 85571BBA2 | $18.7M | $18,000,000 | 0.8% |
| Itron Inc(ITRI)Put | COM | 465741106 | $18.0M | 194,300 | 0.8% |
| Fluor Corp New(FLR)Put | COM | 343412102 | $16.1M | 405,700 | 0.7% |
| KKR & Co Inc(KKR) | COM | 48251W104 | $15.8M | 123,579 | 0.7% |
| PG&E Corp | PFD CONV SER A | 69331C306 | $15.6M | 381,000 | 0.7% |
| Hewlett Packard Enterprise C(HPEPC) | 7.625 MAND CONV | 42824C208 | $14.6M | 220,000 | 0.6% |
| ON Semiconductor Corp(ON)Put | COM | 682189105 | $14.5M | 268,400 | 0.6% |
| Bridgebio Pharma Inc(BBIO)Put | COM | 10806X102 | $14.2M | 185,900 | 0.6% |
| Enovis Corporation(ENOV)Call | COM | 194014502 | $13.3M | 498,300 | 0.6% |
| Shift4 Pmts Inc | 6 SER A CNV PREF | 82452J307 | $12.4M | 155,000 | 0.5% |
| WEC Energy Group Inc(WEC)Put | COM | 92939U106 | $12.2M | 116,100 | 0.5% |
| Winnebago Inds Inc(WGO)Call | COM | 974637100 | $12.2M | 300,000 | 0.5% |
| Advanced Energy Inds(AEIS)Put | COM | 007973100 | $11.8M | 56,200 | 0.5% |
| Novanta Inc(NOVT)Put | COM | 67000B104 | $11.7M | 98,300 | 0.5% |
| Alnylam Pharmaceuticals Inc(ALNY)Put | COM | 02043Q107 | $11.5M | 29,000 | 0.5% |
| OSI Systems Inc | NOTE 2.250% 8/0 | 671044AF2 | $10.4M | $7,000,000 | 0.5% |
| Coinbase Global Inc | NOTE 0.250% 4/0 | 19260QAF4 | $10.3M | $10,000,000 | 0.5% |