Allianz Asset Management GmbH

13F filer, CIK 1535323, MUNICH, Germany

Allianz Asset Management GmbH reported $76,411,266,600 across 2,205 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-05. Its ten largest share positions make up 24.83% of the portfolio.

Filed 2025-05-05 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0000950123-25-004032

Period: 2025-03-31
Reported value: $76.4B
Holdings: 2,205
Top 10 weight: 24.83%
New: 205
Sold out: 199

Part of the filer group Allianz SE

Allianz Fund Investments, Inc.Allianz Global Investors Asia Pacific Ltd +14 others

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
VGnew	+354,683,306	$3.55B
SPYMadded	+3,577,176	$235M
MSadded	+1,352,787	$158M
MOadded	+2,586,071	$155M
PMBSnew	+2,881,273	$141M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
IVVreduced	-1,089,757	-$612M
AAPLreduced	-1,900,168	-$422M
AMZNreduced	-1,683,192	-$320M
Vreduced	-439,772	-$154M
UNHreduced	-281,712	-$148M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0000950123-25-004032, largest first. % of portfolio is the value over $67,982,078,886, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
AVPTAVEPOINT INC	25,100	$362K	<0.01%	new	Timeline
ASMLASML HLDG NV	546	$362K	<0.01%	0	Timeline
MTCHMATCH GROUP INC NEW	11,539	$360K	<0.01%	-24,378	Timeline
UDMYUDEMY INC	45,618	$354K	<0.01%	+400	Timeline
KEXKIRBY CORP	3,497	$353K	<0.01%	-12,684	Timeline
ARKOARKO CORP	89,400	$353K	<0.01%	new	Timeline
AVAAVISTA CORP	8,432	$353K	<0.01%	-1,865	Timeline
CNPCENTERPOINT ENERGY INC	9,722	$352K	<0.01%	-1,780	Timeline
GOGOGOGO INC	40,500	$349K	<0.01%	+9,500	Timeline
FVRRFIVERR INTL LTD	14,700	$348K	<0.01%	0	Timeline
TEXTEREX CORP NEW	9,194	$347K	<0.01%	-2,634	Timeline
KWKENNEDY-WILSON HOLDINGS INC	40,000	$347K	<0.01%	0	Timeline
PBPROSPERITY BANCSHARES INC	4,860	$347K	<0.01%	-2,479	Timeline
IOSPINNOSPEC INC	3,644	$345K	<0.01%	-1,379	Timeline
INNSUMMIT HOTEL PPTYS	63,803	$345K	<0.01%	new	Timeline
YETIYETI HLDGS INC	10,395	$344K	<0.01%	new	Timeline
TBBKBANCORP INC DEL	6,500	$343K	<0.01%	-2,000	Timeline
MDPEDIATRIX MEDICAL GROUP INC	23,700	$343K	<0.01%	-27,600	Timeline
TMDXTRANSMEDICS GROUP INC	5,100	$343K	<0.01%	new	Timeline
PATHUIPATH INC	33,300	$343K	<0.01%	+13,299	Timeline
PLXSPLEXUS CORP	2,672	$342K	<0.01%	-570	Timeline
TPLTEXAS PACIFIC LAND CORPORATI	257	$341K	<0.01%	new	Timeline
ALRMALARM COM HLDGS INC	6,100	$339K	<0.01%	new	Timeline
ERIIENERGY RECOVERY INC	21,329	$339K	<0.01%	0	Timeline
GHCGRAHAM HLDGS CO	350	$336K	<0.01%	+3	Timeline
TENBTENABLE HLDGS INC	9,600	$336K	<0.01%	new	Timeline
HALOHALOZYME THERAPEUTICS INC	5,255	$335K	<0.01%	-7,545	Timeline
ALITALIGHT INC	56,371	$334K	<0.01%	-302,447	Timeline
CZRCAESARS ENTERTAINMENT INC NE	13,340	$334K	<0.01%	-330,000	Timeline
HHHHOWARD HUGHES HOLDINGS INC	4,500	$333K	<0.01%	-1,700	Timeline
BFAMBRIGHT HORIZONS FAM SOL IN D	2,620	$333K	<0.01%	+36	Timeline
HTBKHERITAGE COMM CORP	34,700	$330K	<0.01%	+3,800	Timeline
MZTIMARZETTI COMPANY	1,882	$329K	<0.01%	+33	Timeline
TEMTEMPUS AI INC	6,800	$328K	<0.01%	new	Timeline
IBCPINDEPENDENT BK CORP MICH	10,600	$326K	<0.01%	+2,700	Timeline
AMRXAMNEAL PHARMACEUTICALS INC	38,900	$326K	<0.01%	new	Timeline
MGYMAGNOLIA OIL & GAS CORP	12,900	$326K	<0.01%	-16,300	Timeline
RYTMRHYTHM PHARMACEUTICALS INC	6,100	$323K	<0.01%	0	Timeline
SRCE1ST SOURCE CORP	5,400	$323K	<0.01%	-1,000	Timeline
SHLSSHOALS TECHNOLOGIES GROUP IN	97,200	$323K	<0.01%	-25,700	Timeline
STELSTELLAR BANCORP INC	11,600	$321K	<0.01%	0	Timeline
CNMDCONMED CORP	5,300	$320K	<0.01%	new	Timeline
ADMAADMA BIOLOGICS INC	16,106	$320K	<0.01%	new	Timeline
MASIMASIMO CORP	1,912	$319K	<0.01%	+33	Timeline
WDFCWD 40 CO	1,300	$317K	<0.01%	+100	Timeline
ENRENERGIZER HLDGS INC	10,600	$317K	<0.01%	+2,400	Timeline
XENEXENON PHARMACEUTICALS INC	9,400	$315K	<0.01%	-3,000	Timeline
FCNFTI CONSULTING INC	1,916	$314K	<0.01%	-6,324	Timeline
GLOBAL MED REIT INCGLOBAL MED REIT INC	35,806	$313K	<0.01%	new
GIIIG III APPAREL GROUP LTD	11,399	$312K	<0.01%	+351	Timeline
FBKFB FINL CORP	6,700	$311K	<0.01%	new	Timeline
ADARRAY DIGITAL INFRASTRUCTURE	4,490	$310K	<0.01%	+924	Timeline
VRTSVIRTUS INVT PARTNERS INC	1,800	$310K	<0.01%	0	Timeline
VIMEO INCVIMEO INC	58,907	$310K	<0.01%	+5,596
PTGXPROTAGONIST THERAPEUTICS INC	6,400	$310K	<0.01%	-4,600	Timeline
HUYAHUYA INC	96,289	$309K	<0.01%	0	Timeline
BLMNBLOOMIN BRANDS INC	42,800	$307K	<0.01%	+31,000	Timeline
LNTALLIANT ENERGY CORP	4,752	$306K	<0.01%	-946	Timeline
UTLUNITIL CORP	5,300	$306K	<0.01%	new	Timeline
HAEHAEMONETICS CORP MASS	4,803	$305K	<0.01%	-32,795	Timeline
CADECADENCE BANK	10,026	$304K	<0.01%	+3,160	Timeline
WRLDWORLD ACCEP CORPORATION	2,400	$304K	<0.01%	-100	Timeline
FNFABRINET	1,536	$303K	<0.01%	-1,100	Timeline
AZTAAZENTA INC	8,700	$301K	<0.01%	new	Timeline
PFBCPREFERRED BK LOS ANGELES CA	3,600	$301K	<0.01%	0	Timeline
NXQUANEX BLDG PRODS CORP	16,101	$299K	<0.01%	-11,488	Timeline
DHCDIVERSIFIED HEALTHCARE TR	123,973	$298K	<0.01%	new	Timeline
CTKBCYTEK BIOSCIENCES INC	74,000	$297K	<0.01%	+23,300	Timeline
BLBLACKLINE INC	6,100	$295K	<0.01%	-1,500	Timeline
HPKHIGHPEAK ENERGY INC	23,200	$294K	<0.01%	-2,200	Timeline
MIRMMIRUM PHARMACEUTICALS INC	6,500	$293K	<0.01%	+700	Timeline
STEPSTEPSTONE GROUP INC	5,600	$292K	<0.01%	+500	Timeline
NWBINORTHWEST BANCSHARES INC	24,200	$291K	<0.01%	+1,600	Timeline
AINALBANY INTL CORP	4,200	$290K	<0.01%	-1,400	Timeline
EOLSEVOLUS INC	24,000	$289K	<0.01%	-5,300	Timeline
CRTOCRITEO S A	7,738	$284K	<0.01%	new	Timeline
TRSTTRUSTCO BK CORP N Y	9,300	$283K	<0.01%	-2,300	Timeline
SBSISOUTHSIDE BANCSHARES INC	9,700	$281K	<0.01%	+1,700	Timeline
TGTXTG THERAPEUTICS INC	7,100	$280K	<0.01%	-15,100	Timeline
OLEDUNIVERSAL DISPLAY CORP	2,000	$279K	<0.01%	new	Timeline
CXMSPRINKLR INC	33,100	$276K	<0.01%	new	Timeline
OCULOCULAR THERAPEUTIX INC	37,500	$275K	<0.01%	-27,000	Timeline
MPMP MATERIALS CORP	11,234	$274K	<0.01%	new	Timeline
PDPAGERDUTY INC	15,000	$274K	<0.01%	new	Timeline
DGRWWISDOMTREE TR	3,400	$272K	<0.01%	0	Timeline
LRNSTRIDE INC	2,145	$271K	<0.01%	-1,234	Timeline
BBIOBRIDGEBIO PHARMA INC	7,800	$270K	<0.01%	new	Timeline
FOURSHIFT4 PMTS INC	3,300	$270K	<0.01%	new	Timeline
NLOPNET LEASE OFFICE PROPERTIES	8,579	$269K	<0.01%	new	Timeline
CRVLCORVEL CORP	2,400	$269K	<0.01%	0	Timeline
DKNGDRAFTKINGS INC NEW	8,083	$268K	<0.01%	-15,371	Timeline
NWNNORTHWEST NAT HLDG CO	6,200	$265K	<0.01%	-8,300	Timeline
OPCHOPTION CARE HEALTH INC	7,500	$262K	<0.01%	-36,180	Timeline
AGXARGAN INC	1,994	$262K	<0.01%	new	Timeline
WSCWILLSCOT HLDGS CORP	9,400	$261K	<0.01%	+3,200	Timeline
UUNITY SOFTWARE INC	13,200	$259K	<0.01%	-14,000	Timeline
BXMTBLACKSTONE MORTGAGE TRUST IN	12,900	$258K	<0.01%	new	Timeline
AGGISHARES TR	2,600	$257K	<0.01%	0	Timeline
PCVXVAXCYTE INC	6,800	$257K	<0.01%	0	Timeline
ADEAADEIA INC	19,400	$256K	<0.01%	new	Timeline
SDSANDRIDGE ENERGY INC	22,400	$256K	<0.01%	-3,700	Timeline
INSWINTERNATIONAL SEAWAYS INC	7,700	$256K	<0.01%	0	Timeline
ASHASHLAND INC	4,300	$255K	<0.01%	-6,200	Timeline
CATYCATHAY GEN BANCORP	5,900	$254K	<0.01%	0	Timeline
SAFTSAFETY INS GROUP INC	3,200	$252K	<0.01%	0	Timeline
PRSUPURSUIT ATTRACTIONS AND HOSP	7,100	$251K	<0.01%	new	Timeline
ZIPZIPRECRUITER INC	42,600	$251K	<0.01%	-6,300	Timeline
BHFBRIGHTHOUSE FINL INC	4,317	$250K	<0.01%	-531	Timeline
APPNAPPIAN CORP	8,600	$248K	<0.01%	+2,400	Timeline
SIGASIGA TECHNOLOGIES INC	45,200	$248K	<0.01%	-4,900	Timeline
HIHILLENBRAND INC	10,200	$246K	<0.01%	-1,100	Timeline
TTGTTECHTARGET INC	16,600	$246K	<0.01%	new	Timeline
AZEK CO INCAZEK CO INC	5,021	$245K	<0.01%	-9,516
HWKNHAWKINS INC	2,300	$244K	<0.01%	new	Timeline
RMBSRAMBUS INC DEL	4,700	$243K	<0.01%	-12,710	Timeline
DORMDORMAN PRODS INC	2,010	$242K	<0.01%	new	Timeline
REPXRILEY EXPLORATION PERMIAN IN	8,300	$242K	<0.01%	-2,000	Timeline
ABCBAMERIS BANCORP	4,200	$242K	<0.01%	new	Timeline
WLKWESTLAKE CORPORATION	2,410	$241K	<0.01%	-852	Timeline
HEIHEICO CORP NEW	899	$240K	<0.01%	-1,176	Timeline
STRASTRATEGIC ED INC	2,853	$240K	<0.01%	-2,979	Timeline
AMRALPHA METALLURGICAL RESOUR I	1,900	$238K	<0.01%	-10,032	Timeline
ANDEANDERSONS INC	5,525	$237K	<0.01%	+60	Timeline
KALUKAISER ALUMINIUM CORPORATION	3,900	$236K	<0.01%	-430	Timeline
CBSHCOMMERCE BANCSHARES INC	3,792	$236K	<0.01%	+33	Timeline
CBUCOMMUNITY FINANCIAL SYSTEM I	4,100	$233K	<0.01%	-2,800	Timeline
GBXGREENBRIER COS INC	4,551	$233K	<0.01%	-4,054	Timeline
EFSCENTERPRISE FINL SVCS CORP	4,300	$231K	<0.01%	+100	Timeline
BWABORGWARNER INC	8,015	$230K	<0.01%	-24,484	Timeline
GMEDGLOBUS MED INC	3,117	$228K	<0.01%	-1,049	Timeline
FSBCFIVE STAR BANCORP	8,200	$228K	<0.01%	new	Timeline
KNTKKINETIK HOLDINGS INC	4,346	$226K	<0.01%	new	Timeline
KBRKBR INC	4,516	$225K	<0.01%	-6,187	Timeline
THRTHERMON GROUP HLDGS INC	8,000	$223K	<0.01%	-9,086	Timeline
AAMIACADIAN ASSET MANAGEMENT INC	8,600	$222K	<0.01%	0	Timeline
STAASTAAR SURGICAL CO	12,600	$222K	<0.01%	-3,800	Timeline
BFCBANK FIRST CORP	2,200	$222K	<0.01%	new	Timeline
SMCISUPER MICRO COMPUTER INC	6,430	$220K	<0.01%	-2,580	Timeline
ROCKGIBRALTAR INDS INC	3,700	$217K	<0.01%	-600	Timeline
VREXVAREX IMAGING CORP	18,700	$217K	<0.01%	0	Timeline
ACCOACCO BRANDS CORP	51,500	$216K	<0.01%	0	Timeline
MYRGMYR GROUP INC	1,900	$215K	<0.01%	-300	Timeline
PIPRPIPER SANDLER COS	867	$215K	<0.01%	-233	Timeline
NSPINSPERITY INC	2,392	$213K	<0.01%	new	Timeline
CARGCARGURUS INC	7,200	$210K	<0.01%	-1,000	Timeline
GATXGATX CORP	1,345	$209K	<0.01%	new	Timeline
DXDYNEX CAP INC	15,890	$207K	<0.01%	0	Timeline
CRCTCRICUT INC	40,000	$206K	<0.01%	+19,400	Timeline
EMLCVANECK ETF TRUST	8,600	$205K	<0.01%	new	Timeline
ETDETHAN ALLEN INTERIORS INC	7,406	$205K	<0.01%	new	Timeline
TNDMTANDEM DIABETES CARE INC	10,700	$205K	<0.01%	new	Timeline
LINDLINDBLAD EXPEDITIONS HLDGS I	22,100	$205K	<0.01%	-4,100	Timeline
IRDMIRIDIUM COMMUNICATIONS INC	7,494	$205K	<0.01%	new	Timeline
CLDTCHATHAM LODGING TR	28,626	$204K	<0.01%	new	Timeline
SONOSONOS INC	18,900	$202K	<0.01%	+5,700	Timeline
MLKNMILLERKNOLL INC	10,509	$201K	<0.01%	new	Timeline
SITIO ROYALTIES CORPSITIO ROYALTIES CORP	10,100	$201K	<0.01%	new
DAWNDAY ONE BIOPHARMACEUTICALS I	25,000	$198K	<0.01%	new	Timeline
REZIRESIDEO TECHNOLOGIES INC	10,884	$193K	<0.01%	-24,534	Timeline
HLITHARMONIC INC	19,700	$189K	<0.01%	new	Timeline
RESRPC INC	33,200	$183K	<0.01%	0	Timeline
YEXTYEXT INC	29,300	$180K	<0.01%	new	Timeline
TDOCTELADOC HEALTH INC	20,700	$165K	<0.01%	+10,600	Timeline
MITKMITEK SYS INC	19,900	$164K	<0.01%	new	Timeline
VFCV F CORP	10,113	$157K	<0.01%	new	Timeline
ARLOARLO TECHNOLOGIES INC	15,200	$150K	<0.01%	new	Timeline
BMBLBUMBLE INC	34,300	$149K	<0.01%	0	Timeline
ACELACCEL ENTERTAINMENT INC	14,800	$147K	<0.01%	new	Timeline
REPLREPLIMUNE GROUP INC	15,000	$146K	<0.01%	-2,400	Timeline
PRPERMIAN RESOURCES CORP	10,359	$143K	<0.01%	new	Timeline
NXDRNEXTDOOR HOLDINGS INC	90,200	$138K	<0.01%	+60,700	Timeline
LASRNLIGHT INC	17,700	$138K	<0.01%	0	Timeline
EYENATIONAL VISION HLDGS INC	10,600	$135K	<0.01%	-18,400	Timeline
GDOTGREEN DOT CORP	16,000	$135K	<0.01%	-12,900	Timeline
UWMCUWM HOLDINGS CORPORATION	24,400	$133K	<0.01%	new	Timeline
MDXGMIMEDX GROUP INC	16,900	$128K	<0.01%	new	Timeline
DHDEFINITIVE HEALTHCARE CORP	42,000	$121K	<0.01%	+17,300	Timeline
VEREN INCVEREN INC	17,746	$117K	<0.01%	+1,448
FSLYFASTLY INC	17,500	$111K	<0.01%	new	Timeline
NRDSNERDWALLET INC	11,900	$108K	<0.01%	0	Timeline
BCRXBIOCRYST PHARMACEUTICALS INC	13,700	$103K	<0.01%	+1,200	Timeline
GTXGARRETT MOTION INC	12,200	$102K	<0.01%	-100	Timeline
GRABGRAB HOLDINGS LIMITED	22,510	$102K	<0.01%	+484	Timeline
SLDBSOLID BIOSCIENCES INC	27,100	$100K	<0.01%	new	Timeline
COMPCOMPASS INC	11,368	$99.2K	<0.01%	-12,499	Timeline
ADPTADAPTIVE BIOTECHNOLOGIES COR	12,800	$95.1K	<0.01%	+100	Timeline
89BIO INC89BIO INC	12,800	$93.1K	<0.01%	new
WTWISDOMTREE INC	10,300	$91.9K	<0.01%	0	Timeline
ANROALTO NEUROSCIENCE INC	37,000	$79.9K	<0.01%	-25,100	Timeline
OLO INCOLO INC	12,800	$77.3K	<0.01%	0
IAGIAMGOLD CORP	11,126	$69.4K	<0.01%	-58,031	Timeline
IOVAIOVANCE BIOTHERAPEUTICS INC	20,300	$67.6K	<0.01%	new	Timeline
ABCLABCELLERA BIOLOGICS INC	25,622	$60.5K	<0.01%	+14,044	Timeline
RBBNRIBBON COMMUNICATIONS INC	14,500	$56.8K	<0.01%	new	Timeline
MARKETWISE INCMARKETWISE INC	150,000	$51.8K	<0.01%	0
MNTKMONTAUK RENEWABLES INC	17,400	$36.4K	<0.01%	+6,600	Timeline
BONDPIMCO ETF TR	348	$32.2K	<0.01%	+6	Timeline
FWONKLIBERTY MEDIA CORP DEL	314	$28.3K	<0.01%	new	Timeline
IQIQIYI INC	12,465	$28.2K	<0.01%	0	Timeline
CENTACENTRAL GARDEN & PET CO	652	$21.3K	<0.01%	-1,846	Timeline
EVGOEVGO INC	352,037	$18.7K	<0.01%	0	Timeline
PYLDPIMCO ETF TR	709	$18.7K	<0.01%	+55	Timeline
MINOPIMCO ETF TR	416	$18.6K	<0.01%	+20	Timeline
MUNIPIMCO ETF TR	268	$13.8K	<0.01%	-8	Timeline
SMMUPIMCO ETF TR	275	$13.8K	<0.01%	+2	Timeline
VYMVANGUARD WHITEHALL FDS	49	$6.32K	<0.01%	+3	Timeline
LDURPIMCO ETF TR	60	$5.76K	<0.01%	+4	Timeline
EFAISHARES TR	43	$3.51K	<0.01%	-3	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

The largest 100 of 488. All 488

Security	Type	Amount	Value	Change
EEMISHARES TR MSCI EMG MKT ETF	put	17,192,400	$751M	+6,804,800
QQQINVESCO QQQ TR COM	put	993,400	$466M	+295,700
HYGISHARES TR IBOXX HI YD ETF	put	5,715,000	$451M	+2,236,200
IWMISHARES TR SHS	put	2,084,300	$416M	+618,500
TSLATESLA INC COM	put	1,187,900	$308M	+525,500
EFAISHARES TR MSCI EAFE ETF	put	3,338,900	$273M	+450,300
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	434,200	$243M	new
NVDANVIDIA CORPORATION COM	put	1,883,400	$204M	-340,800
MSFTMICROSOFT CORP COM	put	459,700	$173M	+90,800
XLFSELECT SECTOR SPDR TR SHS	put	3,428,300	$171M	+733,000
XLPSELECT SECTOR SPDR TR STATE STREET CON	put	2,000,000	$163M	new
CEGCONSTELLATION ENERGY CORP Stock	put	802,500	$162M	+778,400
NVDANVIDIA CORPORATION COM	call	1,252,100	$136M	+615,100
AAPLAPPLE INC COM	put	607,100	$135M	-58,600
AMZNAMAZON COM INC COM	put	706,900	$134M	+159,400
MSFTMICROSOFT CORP COM	call	319,300	$120M	+116,700
METAMETA PLATFORMS INC COM	put	188,300	$109M	+67,800
GEVGE VERNOVA INC COM	put	320,500	$97.8M	+306,900
BRK-BBERKSHIRE HATHAWAY INC DEL COM	put	176,500	$94M	+58,300
AMZNAMAZON COM INC COM	call	485,000	$92.3M	+201,400
AAPLAPPLE INC COM	call	382,300	$84.9M	+9,100
METAMETA PLATFORMS INC COM	call	116,600	$67.2M	+47,500
LLYELI LILLY & CO COM	put	76,300	$63M	+22,600
AVGOBROADCOM INC COM	put	356,300	$59.7M	+120,600
BRK-BBERKSHIRE HATHAWAY INC DEL COM	call	110,800	$59M	+51,100
MAMASTERCARD INCORPORATED COM	put	90,100	$49.4M	+34,600
JPMJPMORGAN CHASE & CO COM	put	199,300	$48.9M	+35,600
VSTVISTRA CORP Stock	call	405,500	$47.6M	+399,700
GOOGLALPHABET INC COM	put	304,600	$47.1M	+53,600
#N/A#N/A #N/A	put	10,390	$45.4M	new
LLYELI LILLY & CO COM	call	52,200	$43.1M	+30,200
VVISA INC COM	put	120,000	$42.1M	+23,200
CVNACARVANA CO Stock	call	200,000	$41.8M	new
WMTWALMART INC COM	put	470,300	$41.3M	+182,900
GOOGALPHABET INC COM	put	262,700	$41M	+52,800
PLTRPALANTIR TECHNOLOGIES INC COM	put	467,300	$39.4M	-5,400
AVGOBROADCOM INC COM	call	231,200	$38.7M	+118,700
PGPROCTER & GAMBLE CO COM	put	224,700	$38.3M	+75,100
UNHUNITEDHEALTH GROUP INC COM	put	65,800	$34.5M	+10,400
HDHOME DEPOT INC COM	put	91,600	$33.6M	+34,100
MAMASTERCARD INCORPORATED COM	call	61,000	$33.4M	+32,000
GOOGLALPHABET INC COM	call	213,800	$33.1M	+64,200
TSLATESLA INC COM	call	125,700	$32.6M	+34,800
JPMJPMORGAN CHASE & CO COM	call	129,700	$31.8M	+44,200
COSTCOSTCO WHOLESALE CORPORATION COM	put	32,400	$30.6M	+8,900
KOCOCA COLA CO COM	put	425,000	$30.4M	+200,900
GOOGALPHABET INC COM	call	192,200	$30M	+71,500
XOMEXXON MOBIL CORP COM	put	247,200	$29.4M	+6,800
PGPROCTER & GAMBLE CO COM	call	171,800	$29.3M	+97,900
LINLINDE PLC COM	put	61,600	$28.7M	+21,200
WMTWALMART INC COM	call	326,600	$28.7M	+160,400
AMDADVANCED MICRO DEVICES INC COM	put	275,400	$28.3M	+153,900
VVISA INC COM	call	78,400	$27.5M	+32,100
UNHUNITEDHEALTH GROUP INC COM	call	50,400	$26.4M	+18,900
ABBVABBVIE INC COM	put	122,600	$25.7M	+10,100
XLYSELECT SECTOR SPDR TR SBI CONS DISCR	put	130,000	$25.7M	-6,600
COSTCOSTCO WHOLESALE CORPORATION COM	call	26,500	$25.1M	+15,800
HDHOME DEPOT INC COM	call	66,400	$24.3M	+37,900
NFLXNETFLIX INC. COM	put	26,000	$24.2M	-6,800
CVXCHEVRON CORPORATION COM	put	142,400	$23.8M	+33,700
CATCATERPILLAR INC COM	put	72,000	$23.7M	+36,100
XOMEXXON MOBIL CORP COM	call	198,100	$23.6M	+72,800
BACBANK OF AMER CORP COM	put	540,300	$22.5M	+190,900
LINLINDE PLC COM	call	48,300	$22.5M	+28,500
KOCOCA COLA CO COM	call	309,700	$22.2M	+154,300
WFCWELLS FARGO & CO COM	put	305,000	$21.9M	+132,000
XOPSPDR SERIES TRUST S&P OILGAS EXP	put	165,100	$21.7M	+43,200
AMDADVANCED MICRO DEVICES INC COM	call	207,300	$21.3M	+133,000
UBERUBER TECHNOLOGIES INC COM	put	282,100	$20.6M	+126,000
CRMSALESFORCE INC COM	put	75,900	$20.4M	+23,200
IBMINTERNATIONAL BUSINESS MACHS COM	put	79,300	$19.7M	+32,900
ABBVABBVIE INC COM	call	91,600	$19.2M	+25,500
NFLXNETFLIX INC. COM	call	20,500	$19.1M	+1,200
CVXCHEVRON CORPORATION COM	call	112,900	$18.9M	+60,200
XLISELECT SECTOR SPDR TR INDL	put	143,700	$18.8M	+96,300
VSTVISTRA CORP Stock	put	160,200	$18.8M	+146,800
QCOMQUALCOMM INC COM	put	118,200	$18.2M	+46,700
PEPPEPSICO INC COM	put	120,500	$18.1M	+27,800
UNPUNION PAC CORP COM	put	75,100	$17.7M	+28,800
SPGIS&P GLOBAL INC COM	put	33,400	$17M	+7,500
ABTABBOTT LABORATORIES COM	put	127,900	$17M	+50,200
XRTSPDR SERIES TRUST ETF	put	243,900	$16.9M	+186,700
MRKMERCK & CO INC COM	put	183,200	$16.4M	+74,500
CATCATERPILLAR INC COM	call	49,500	$16.3M	+28,000
BACBANK OF AMER CORP COM	call	387,100	$16.2M	+238,500
UBERUBER TECHNOLOGIES INC COM	call	220,100	$16M	+134,200
AMATAPPLIED MATLS INC COM	put	110,200	$16M	+60,000
WFCWELLS FARGO & CO COM	call	222,600	$16M	+140,300
IBMINTERNATIONAL BUSINESS MACHS COM	call	63,400	$15.8M	+37,100
JNJJOHNSON & JOHNSON COM	put	94,000	$15.6M	-20,100
INTUINTUIT COM	put	24,900	$15.3M	+12,400
GEGE AEROSPACE COM	put	76,300	$15.3M	-2,500
CRMSALESFORCE INC COM	call	54,600	$14.7M	+24,100
BABOEING CO COM	put	83,100	$14.2M	+35,800
DISDISNEY WALT CO COM	put	142,300	$14M	+49,600
PEPPEPSICO INC COM	call	90,300	$13.5M	+38,500
JNJJOHNSON & JOHNSON COM	call	81,200	$13.5M	+28,200
MCDMCDONALDS CORP COM	put	40,900	$12.8M	+3,600
INTUINTUIT COM	call	19,600	$12M	+14,400
QCOMQUALCOMM INC COM	call	78,000	$12M	+40,600

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1	principal	50,000,000	$49.7M	0
DISH NETWORK CORPORATIONDISH NETWORK CORPORATION NOTE 3.375% 8/1	principal	27,000,000	$22.6M	0
SOUTHWEST AIRLS COSOUTHWEST AIRLS CO NOTE 1.250% 5/0	principal	18,500,000	$18.5M	-1,000
PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0	principal	11,000,000	$10.9M	+10,800,000
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1	principal	7,000,000	$7.43M	0
FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1	principal	6,000,000	$5.93M	0
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1	principal	6,000,000	$5.66M	0
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1	principal	800,000	$782K	0
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1	principal	800,000	$695K	0

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

The largest 100 of 199. All 199

Security	Shares before	Value before	Type
ISHARES TRISHARES TR	28,208	$118M	put
FLTWFRANKLIN TEMPLETON ETF TR	494,602	$23.4M	shares
FHNFIRST HORIZON CORPORATION	1,003,360	$20.2M	shares
TOLTOLL BROTHERS INC	160,000	$20.2M	put
QIAGEN NVQIAGEN NV	244,834	$10.9M	shares
RNRRENAISSANCERE HLDGS LTD	39,573	$9.85M	shares
XLBSELECT SECTOR SPDR TR	103,500	$8.71M	put
OUTFRONT MEDIA INCOUTFRONT MEDIA INC	466,640	$8.28M	shares
EWMISHARES INC	323,619	$7.94M	shares
PNFPPINNACLE FINANCIAL PARTNERS	59,596	$6.82M	shares
SMTCSEMTECH CORP	108,338	$6.7M	shares
SUMMIT MATERIALS INC CLASS ASUMMIT MATERIALS INC CLASS A	121,572	$6.15M	shares
EWSISHARES INC	269,461	$5.89M	shares
LSCCLATTICE SEMICONDUCTOR CORP	100,819	$5.71M	shares
SUNRISE COMMUNICATIONS AGSUNRISE COMMUNICATIONS AG	123,691	$5.33M	shares
AQNALGONQUIN POWER & UTILITIES	1,144,779	$5.08M	shares
PRAPROASSURANCE CORP	314,929	$5.01M	shares
BARNES GROUP INCBARNES GROUP INC	81,017	$3.83M	shares
AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC	330,744	$3.42M	shares
GMS INCGMS INC	39,270	$3.33M	shares
MARAMARA HOLDINGS INC	191,034	$3.2M	shares
ECHOECHOSTAR CORP	139,488	$3.19M	shares
ARCH RESOURCES INCARCH RESOURCES INC	22,479	$3.17M	shares
GNTXGENTEX CORP	106,998	$3.07M	shares
ALTAIR ENGINEERING INCALTAIR ENGINEERING INC	26,500	$2.89M	shares
KHCKRAFT HEINZ CO	93,900	$2.88M	put
STKLSUNOPTA INC	364,433	$2.81M	shares
LULULULULEMON ATHLETICA INC	7,300	$2.79M	put
MCYMERCURY GENL CORP NEW	40,711	$2.71M	shares
TIPZPIMCO ETF TR	50,921	$2.64M	shares
ALGMALLEGRO MICROSYSTEMS INC	120,454	$2.63M	shares
XLUSELECT SECTOR SPDR TR	30,500	$2.31M	shares
LULULULULEMON ATHLETICA INC	6,000	$2.29M	call
GNKGENCO SHIPPING & TRADING LTD	157,491	$2.2M	shares
ZMZOOM COMMUNICATIONS INC	26,700	$2.18M	put
CTSHCOGNIZANT TECHNOLOGY SOLUTIO	26,000	$2M	put
HASHICORP INCHASHICORP INC	56,500	$1.93M	shares
IWMISHARES TR	8,400	$1.86M	shares
RXORXO INC	77,571	$1.85M	shares
BZHBEAZER HOMES USA INC	66,958	$1.84M	shares
SNOWSNOWFLAKE INC	11,600	$1.79M	put
FXIISHARES TR	58,300	$1.77M	put
KHCKRAFT HEINZ CO	52,700	$1.62M	call
ARCADIUM LITHIUM PLCARCADIUM LITHIUM PLC	309,200	$1.59M	shares
KNXKNIGHT-SWIFT TRANSN HLDGS IN	29,034	$1.54M	shares
AGMFEDERAL AGRIC MTG CORP	7,445	$1.47M	shares
IPARINTERPARFUMS INC	10,877	$1.43M	shares
EDUNEW ORIENTAL ED & TECHNOLOGY	21,281	$1.37M	shares
ZMZOOM COMMUNICATIONS INC	16,400	$1.34M	call
SUPVGRUPO SUPERVIELLE S.A.	71,403	$1.08M	shares
KELYAKELLY SVCS INC	72,972	$1.02M	shares
TFXTELEFLEX INCORPORATED	5,595	$996K	shares
ICLRICON PUB LTD CO	4,703	$986K	shares
KSAISHARES TR	24,000	$980K	shares
SNOWSNOWFLAKE INC	5,900	$911K	call
GRCGORMAN RUPP CO	23,537	$893K	shares
CNACNA FINL CORP	18,390	$890K	shares
LHXL3HARRIS TECHNOLOGIES INC	4,100	$862K	put
ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC	3,441	$859K	shares
SWKSSKYWORKS SOLUTIONS INC	9,600	$851K	call
CRNXCRINETICS PHARMACEUTICALS IN	16,400	$839K	shares
TFIITFI INTERNATIONAL INC	6,180	$835K	shares
HTOH2O AMERICA	16,793	$827K	shares
ARCCARES CAPITAL CORP	37,420	$819K	shares
CONCONCENTRA GROUP HOLDINGS PAR	40,245	$796K	shares
INARI MED INCINARI MED INC	15,400	$786K	shares
LWLAMB WESTON HLDGS INC	11,426	$764K	shares
FISFIDELITY NATL INFORMATION SV	9,100	$735K	put
INVXINNOVEX INTERNATIONAL INC	48,500	$678K	shares
LUVSOUTHWEST AIRLS CO	20,132	$677K	shares
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	8,100	$677K	shares
VYXNCR VOYIX CORPORATION	47,500	$657K	shares
EXCEXELON CORP	17,100	$644K	put
PENNPENN ENTERTAINMENT INC	32,300	$640K	shares
HSICSCHEIN HENRY INC	9,201	$637K	shares
ULTAULTA BEAUTY INC	1,400	$609K	put
ULTAULTA BEAUTY INC	1,400	$609K	call
TXTTEXTRON INC	7,893	$604K	shares
CYHCOMMUNITY HEALTH SYS INC NEW	200,600	$600K	shares
CTSHCOGNIZANT TECHNOLOGY SOLUTIO	7,700	$592K	call
REVGREV GROUP INC	18,300	$583K	shares
MEOHMETHANEX CORP	11,532	$576K	shares
AHRTAH RLTY TR INC	56,200	$575K	shares
NTGRNETGEAR INC	20,084	$560K	shares
RDDTREDDIT INC	3,400	$556K	shares
XNCRXENCOR INC	23,900	$549K	shares
JACKJACK IN THE BOX INC	12,705	$529K	shares
JXIISHARES TR	8,060	$517K	shares
HTHTH WORLD GROUP LTD	14,446	$477K	shares
GDSGDS HLDGS LTD	19,987	$475K	shares
ICHRICHOR HOLDINGS	14,600	$470K	shares
MXLMAXLINEAR INC	23,746	$470K	shares
RRCRANGE RES CORP	13,000	$468K	shares
SSTKSHUTTERSTOCK INC	15,300	$464K	shares
UMBFUMB FINL CORP	4,100	$463K	shares
ECGEVERUS CONSTR GROUP	6,934	$456K	shares
GLOBALSTAR INCGLOBALSTAR INC	219,200	$454K	shares
CYTKCYTOKINETICS INC	9,600	$452K	shares
JANXJANUX THERAPEUTICS INC	8,400	$450K	shares
FSLRFIRST SOLAR INC	2,500	$441K	put

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0000950123-25-004032	base		2025-05-05	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC