Q4 2025 Holdings
Filed 2026-02-17 | 1530 holdings | $51.1B | 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 | $13.3B | 19,554,400 | 26.1% |
| Invesco QQQ TR(QQQ)Put | UNIT SER 1 | 46090E103 | $3.1B | 5,101,200 | 6.1% |
| Nvidia Corporation(NVDA)Put | COM | 67066G104 | $2.3B | 12,100,100 | 4.4% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $1.8B | 7,150,500 | 3.4% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $1.6B | 8,577,701 | 3.1% |
| Invesco QQQ TR(QQQ)Call | UNIT SER 1 | 46090E103 | $1.4B | 2,329,900 | 2.8% |
| Ishares TR(IVV) | CORE S&P500 ETF | 464287200 | $1.2B | 1,780,940 | 2.4% |
| Alphabet Inc(GOOGL)Put | CAP STK CL A | 02079K305 | $1.2B | 3,743,100 | 2.3% |
| Amazon COM Inc(AMZN)Put | COM | 023135106 | $904.8M | 3,920,100 | 1.8% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $864.0M | 2,760,471 | 1.7% |
| Tesla Inc(TSLA)Put | COM | 88160R101 | $839.4M | 1,866,600 | 1.6% |
| Apple Inc(AAPL)Put | COM | 037833100 | $831.3M | 3,057,900 | 1.6% |
| Spdr S&P 500 ETF TR(SPY)Call | TR UNIT | 78462F103 | $770.6M | 1,130,000 | 1.5% |
| Microsoft Corp(MSFT)Put | COM | 594918104 | $715.2M | 1,478,900 | 1.4% |
| Alphabet Inc(GOOG)Put | CAP STK CL C | 02079K107 | $646.7M | 2,060,800 | 1.3% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $616.1M | 2,669,268 | 1.2% |
| Advanced Micro Devices Inc(AMD)Put | COM | 007903107 | $567.2M | 2,648,300 | 1.1% |
| Select Sector Spdr TR(XLF)Put | STATE STREET FIN | 81369Y605 | $559.0M | 10,206,000 | 1.1% |
| Advanced Micro Devices Inc(AMD) | COM | 007903107 | $528.5M | 2,467,636 | 1.0% |
| Vanguard Index FDS(VOO) | S&P 500 ETF SHS | 922908363 | $520.5M | 829,895 | 1.0% |
| Nvidia Corporation(NVDA)Call | COM | 67066G104 | $470.9M | 2,524,900 | 0.9% |
| Meta Platforms Inc(META)Put | CL A | 30303M102 | $419.8M | 635,900 | 0.8% |
| Tesla Inc(TSLA) | COM | 88160R101 | $410.9M | 913,787 | 0.8% |
| Ishares TR(EEM)Put | MSCI EMG MKT ETF | 464287234 | $409.6M | 7,487,000 | 0.8% |
| Broadcom Inc(AVGO)Put | COM | 11135F101 | $393.1M | 1,135,900 | 0.8% |
| Microsoft Corp(MSFT) | COM | 594918104 | $349.3M | 722,332 | 0.7% |
| Tesla Inc(TSLA)Call | COM | 88160R101 | $347.8M | 773,400 | 0.7% |
| Meta Platforms Inc(META) | CL A | 30303M102 | $322.8M | 489,095 | 0.6% |
| Ishares TR(FXI)Call | CHINA LG-CAP ETF | 464287184 | $318.4M | 8,316,100 | 0.6% |
| Lumentum Hldgs Inc | NOTE 1.500%12/1 | 55024UAH2 | $296.4M | $55,778,000 | 0.6% |
| Alphabet Inc(GOOG) | CAP STK CL C | 02079K107 | $292.1M | 930,913 | 0.6% |
| Apple Inc(AAPL) | COM | 037833100 | $278.6M | 1,024,889 | 0.5% |
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $274.9M | 3,409,400 | 0.5% |
| Western Digital Corp | NOTE 3.000%11/1 | 958102AT2 | $270.6M | $59,000,000 | 0.5% |
| Amazon COM Inc(AMZN)Call | COM | 023135106 | $242.2M | 1,049,200 | 0.5% |
| Ishares TR(FXI)Put | CHINA LG-CAP ETF | 464287184 | $230.3M | 6,014,800 | 0.5% |
| Microsoft Corp(MSFT)Call | COM | 594918104 | $222.9M | 461,000 | 0.4% |
| Apple Inc(AAPL)Call | COM | 037833100 | $221.9M | 816,100 | 0.4% |
| Alphabet Inc(GOOG)Call | CAP STK CL C | 02079K107 | $194.8M | 620,800 | 0.4% |
| Ishares Bitcoin Trust ETF(IBIT)Put | SHS BEN INT | 46438F101 | $171.3M | 3,449,900 | 0.3% |
| Nebius Group N.V.(NBIS)Put | SHS CLASS A | N97284108 | $151.6M | 1,811,000 | 0.3% |
| Spdr Series Trust(XOP)Put | STATE STREET SPD | 78468R556 | $147.8M | 1,170,300 | 0.3% |
| Select Sector Spdr TR(XLF) | STATE STREET FIN | 81369Y605 | $141.9M | 2,590,378 | 0.3% |
| Ishares Inc(EWZ)Put | MSCI BRAZIL ETF | 464286400 | $141.0M | 4,436,700 | 0.3% |
| Broadcom Inc(AVGO) | COM | 11135F101 | $140.6M | 406,195 | 0.3% |
| Vanguard Index FDS(VOO)Put | S&P 500 ETF SHS | 922908363 | $134.1M | 213,900 | 0.3% |
| Spdr S&P 500 ETF TR(SPY) | TR UNIT | 78462F103 | $117.1M | 171,680 | 0.2% |
| Ionis Pharmaceuticals Inc | NOTE4/0 | 462222AD2 | $116.7M | $84,949,000 | 0.2% |
| Select Sector Spdr TR(XLE)Put | STATE STREET ENE | 81369Y506 | $114.4M | 2,557,600 | 0.2% |
| Meta Platforms Inc(META)Call | CL A | 30303M102 | $111.3M | 168,600 | 0.2% |