Q4 2025 Holdings
Filed 2026-02-17 | 55 holdings | $679.4M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TR(SPY) | TR UNIT | 78462F103 | $299.3M | 438,886 | 44.1% |
| Select Sector Spdr TR(XLE)Put | STATE STREET ENE | 81369Y506 | $64.4M | 1,435,744 | 9.5% |
| Select Sector Spdr TR(XLE)Call | STATE STREET ENE | 81369Y506 | $40.9M | 911,680 | 6.0% |
| Select Sector Spdr TR(XLF)Put | STATE STREET FIN | 81369Y605 | $33.7M | 608,198 | 5.0% |
| Kraneshares Trust(KWEB)Call | CSI CHI INTERNET | 500767306 | $29.0M | 850,900 | 4.3% |
| Ishares TR(LQD) | IBOXX INV CP ETF | 464287242 | $25.2M | 229,000 | 3.7% |
| Select Sector Spdr TR(XLF)Call | STATE STREET FIN | 81369Y605 | $23.4M | 423,099 | 3.4% |
| Southern Co | NOTE 4.500% 6/1 | 842587DZ7 | $17.6M | $16,482,000 | 2.6% |
| Kraneshares Trust(KWEB)Put | CSI CHI INTERNET | 500767306 | $12.0M | 352,400 | 1.8% |
| Select Sector Spdr TR(XLU)Put | STATE STREET UTI | 81369Y886 | $9.4M | 219,800 | 1.4% |
| WEC Energy Group Inc | NOTE 4.375% 6/0 | 92939UAR7 | $5.8M | $5,000,000 | 0.9% |
| Rentokil Initial PLC(RTO) | SPONSORED ADR | 760125104 | $5.5M | 185,132 | 0.8% |
| Hyatt Hotels Corp(H) | COM CL A | 448579102 | $5.4M | 33,875 | 0.8% |
| Broadcom Inc(AVGO)Call | COM | 11135F101 | $5.1M | 14,814 | 0.8% |
| Commscope Hldg Co Inc(VISN) | COM | 20337X109 | $5.1M | 280,000 | 0.7% |
| Vaneck ETF Trust(GDX)Call | GOLD MINERS ETF | 92189F106 | $5.0M | 58,200 | 0.7% |
| Driven Brands Hldgs Inc(DRVN) | COM | 26210V102 | $4.9M | 330,625 | 0.7% |
| Mohawk Inds Inc(MHK) | COM | 608190104 | $4.6M | 41,850 | 0.7% |
| Borgwarner Inc(BWA) | COM | 099724106 | $4.3M | 95,810 | 0.6% |
| Booking Holdings Inc(BKNG) | COM | 09857L108 | $4.3M | 800 | 0.6% |
| Urban Outfitters Inc(URBN) | COM | 917047102 | $4.3M | 56,550 | 0.6% |
| Boyd Gaming Corp(BYD) | COM | 103304101 | $4.2M | 49,000 | 0.6% |
| Mattel Inc(MAT) | COM | 577081102 | $4.2M | 210,000 | 0.6% |
| T-Mobile US Inc(TMUS) | COM | 872590104 | $4.1M | 20,000 | 0.6% |
| Uber Technologies Inc(UBER) | COM | 90353T100 | $4.0M | 49,313 | 0.6% |
| Kraneshares Trust(KWEB) | CSI CHI INTERNET | 500767306 | $3.9M | 115,000 | 0.6% |
| Albertsons COS Inc(ACI) | COMMON STOCK | 013091103 | $3.7M | 215,370 | 0.5% |
| Spdr Series Trust(XME)Call | STATE STREET SPD | 78464A755 | $3.4M | 33,100 | 0.5% |
| Ralph Lauren Corp(RL) | CL A | 751212101 | $3.2M | 9,155 | 0.5% |
| Western Digital Corp(WDC) | COM | 958102105 | $3.2M | 18,506 | 0.5% |
| Norwegian Cruise Line Hldg L(NCLH) | SHS | G66721104 | $3.1M | 138,734 | 0.5% |
| Pitney Bowes Inc(PBI) | COM | 724479100 | $3.0M | 280,000 | 0.4% |
| Echostar Corp(SATS) | CL A | 278768106 | $2.7M | 25,000 | 0.4% |
| Kimberly-Clark Corp(KMB) | COM | 494368103 | $2.6M | 26,000 | 0.4% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $2.5M | 33,000 | 0.4% |
| Meta Platforms Inc(META) | CL A | 30303M102 | $2.3M | 3,500 | 0.3% |
| Select Sector Spdr TR(XLE) | STATE STREET ENE | 81369Y506 | $2.2M | 50,000 | 0.3% |
| Flutter Entmt PLC(FLUT) | SHS | G3643J108 | $2.2M | 10,000 | 0.3% |
| Cinemark Hldgs Inc(CNK) | COM | 17243V102 | $2.0M | 85,000 | 0.3% |
| Charter Communications Inc N(CHTR) | CL A | 16119P108 | $1.9M | 9,000 | 0.3% |
| BOX Inc | NOTE 1.500% 9/1 | 10316TAD6 | $1.8M | $1,820,000 | 0.3% |
| PG&E Corp(PCG)Put | COM | 69331C108 | $1.3M | 80,000 | 0.2% |
| Avis Budget Group(CAR) | COM | 053774105 | $1.3M | 10,000 | 0.2% |
| Kraft Heinz Co(KHC) | COM | 500754106 | $1.3M | 52,779 | 0.2% |
| SIX Flags Entertainment Corp(FUN) | COM | 83001C108 | $1.2M | 80,000 | 0.2% |
| Etsy Inc(ETSY) | COM | 29786A106 | $1.1M | 20,000 | 0.2% |
| Outfront Media Inc(OUT) | COM NEW | 69007J304 | $947.1K | 39,300 | 0.1% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $818.8K | 2,066 | 0.1% |
| Netflix Inc(NFLX) | COM | 64110L106 | $562.6K | 6,000 | 0.1% |
| Select Sector Spdr TR(XLP) | STATE STREET CON | 81369Y308 | $470.0K | 6,051 | 0.1% |