Q4 2025 Holdings
Filed 2026-02-17 | 666 holdings | $6.9B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Invesco Exchange Traded FD T(RSP)Call | S&P500 EQL WGT | 46137V357 | $287.3M | 1,500,000 | 4.1% |
| Ishares TR(TLT)Call | 20 YR TR BD ETF | 464287432 | $283.3M | 3,250,000 | 4.1% |
| Invesco QQQ TR(QQQ)Put | UNIT SER 1 | 46090E103 | $265.0M | 431,400 | 3.8% |
| Invesco Exchange Traded FD T(RSP) | S&P500 EQL WGT | 46137V357 | $234.2M | 1,222,346 | 3.4% |
| Ishares TR(TLT)Put | 20 YR TR BD ETF | 464287432 | $231.0M | 2,650,000 | 3.3% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $183.2M | 268,700 | 2.6% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $128.0M | 520,100 | 1.8% |
| Bank America Corp(BAC) | COM | 060505104 | $113.9M | 2,070,080 | 1.6% |
| Spdr S&P 500 ETF TR(SPY) | TR UNIT | 78462F103 | $108.1M | 158,577 | 1.6% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $106.4M | 339,928 | 1.5% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $106.1M | 459,880 | 1.5% |
| UBS Group AG(UBS) | SHS | H42097107 | $102.4M | 2,197,102 | 1.5% |
| Spdr S&P 500 ETF TR(SPY)Call | TR UNIT | 78462F103 | $102.3M | 150,000 | 1.5% |
| Spdr Gold TR(GLD)Call | GOLD SHS | 78463V107 | $87.2M | 220,000 | 1.3% |
| Ishares TR(EEM)Call | MSCI EMG MKT ETF | 464287234 | $71.1M | 1,300,000 | 1.0% |
| Ally Finl Inc(ALLY) | COM | 02005N100 | $67.6M | 1,491,829 | 1.0% |
| Microsoft Corp(MSFT) | COM | 594918104 | $64.8M | 134,016 | 0.9% |
| Select Sector Spdr TR(XLF)Call | STATE STREET FIN | 81369Y605 | $54.8M | 1,000,000 | 0.8% |
| Broadcom Inc(AVGO) | COM | 11135F101 | $52.5M | 151,819 | 0.8% |
| Taiwan Semiconductor MFG LTD(TSM) | SPONSORED ADS | 874039100 | $51.8M | 170,421 | 0.7% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $51.5M | 276,290 | 0.7% |
| Schwab Charles Corp(SCHW) | COM | 808513105 | $50.2M | 502,560 | 0.7% |
| Prologis Inc.(PLD) | COM | 74340W103 | $49.9M | 390,880 | 0.7% |
| AON PLC(AON) | SHS CL A | G0403H108 | $49.3M | 139,600 | 0.7% |
| Capital One Finl Corp(COF) | COM | 14040H105 | $46.6M | 192,163 | 0.7% |
| Deutsche Bank A G | NAMEN AKT | D18190898 | $45.8M | 1,177,988 | 0.7% |
| Ishares Silver TR(SLV)Put | ISHARES | 46428Q109 | $45.2M | 702,400 | 0.7% |
| Teledyne Technologies Inc(TDY) | COM | 879360105 | $41.6M | 81,482 | 0.6% |
| Honeywell Intl Inc(HON)Call | COM | 438516106 | $39.7M | 203,700 | 0.6% |
| Trane Technologies PLC(TT) | SHS | G8994E103 | $39.6M | 101,851 | 0.6% |
| Ferguson Enterprises Inc(FERG) | COMMON STOCK NEW | 31488V107 | $37.8M | 169,756 | 0.5% |
| Kraneshares Trust(KWEB)Call | CSI CHI INTERNET | 500767306 | $37.7M | 1,105,800 | 0.5% |
| Packaging Corp Amer(PKG) | COM | 695156109 | $36.9M | 178,712 | 0.5% |
| Select Sector Spdr TR(XLE)Call | STATE STREET ENE | 81369Y506 | $35.8M | 800,000 | 0.5% |
| HUT 8 Corp(HUT) | COM | 44812J104 | $34.6M | 753,000 | 0.5% |
| Citigroup Inc(C) | COM NEW | 172967424 | $34.5M | 295,952 | 0.5% |
| Fluor Corp | NOTE 1.125% 8/1 | 343412AJ1 | $33.7M | $29,500,000 | 0.5% |
| Tyler TEX Indpt SCH Dist | NOTE 0.250% 3/1 | 902252AB1 | $33.3M | $32,945,000 | 0.5% |
| Block Inc(XYZ) | CL A | 852234103 | $32.7M | 502,560 | 0.5% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $32.5M | 745,761 | 0.5% |
| Q2 Hldgs Inc | NOTE 0.750% 6/0 | 74736LAD1 | $32.2M | $31,586,000 | 0.5% |
| RB Global Inc(RBA) | COM | 74935Q107 | $31.4M | 305,557 | 0.5% |
| Galaxy Digital Inc.(GLXY) | CL A | 36317J209 | $30.5M | 1,362,250 | 0.4% |
| Millrose Pptys Inc(MRP) | COM CL A | 601137102 | $30.4M | 1,018,533 | 0.4% |
| Hubbell Inc(HUBB) | COM | 443510607 | $30.2M | 67,900 | 0.4% |
| Amazon COM Inc(AMZN)Call | COM | 023135106 | $29.6M | 128,400 | 0.4% |
| Uber Technologies Inc(UBER) | COM | 90353T100 | $29.1M | 355,867 | 0.4% |
| Visa Inc(V) | COM CL A | 92826C839 | $29.0M | 82,659 | 0.4% |
| Klarna Group PLC(KLAR) | SHS | G5279N105 | $28.7M | 994,320 | 0.4% |
| Doordash Inc(DASH) | CL A | 25809K105 | $28.4M | 125,342 | 0.4% |