Balyasny Asset Management L.P.

13F filer, CIK 1218710, Chicago, IL

Balyasny Asset Management L.P. reported $60,484,646,629 across 2,727 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 11.13% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0000950123-25-005606

Period: 2025-03-31
Reported value: $60.5B
Holdings: 2,727
Top 10 weight: 11.13%
New: 769
Sold out: 708

Part of the filer group Balyasny Asset Management

BAM GP LLC

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
IVVadded	+861,401	$484M
MAadded	+742,541	$407M
SCHWadded	+5,104,063	$400M
SPYadded	+513,055	$287M
INTUadded	+460,549	$283M

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
AJGreduced	-1,317,652	-$455M
KOreduced	-5,899,746	-$423M
SBUXexited	-3,619,411	-$330M
CRMreduced	-1,129,310	-$303M
PNCexited	-1,420,065	-$274M

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 0000950123-25-005606, largest first. % of portfolio is the value over $39,903,159,085, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
ANABANAPTYSBIO INC	32,074	$596K	<0.01%	new		Timeline
PSOPEARSON PLC	37,197	$596K	<0.01%	+25,268		Timeline
SANASANA BIOTECHNOLOGY INC	354,238	$595K	<0.01%	new		Timeline
GEOGEO GROUP INC	20,170	$589K	<0.01%	-759,305		Timeline
WSWORTHINGTON STL INC	23,172	$587K	<0.01%	new		Timeline
HNRGHALLADOR ENERGY COMPANY	47,768	$587K	<0.01%	-24,953		Timeline
RJFRAYMOND JAMES FINL INC	4,205	$584K	<0.01%	+2,041		Timeline
CUKCARNIVAL PLC	33,158	$581K	<0.01%	new		Timeline
BRSLBRIGHTSTAR LOTTERY PLC	35,710	$581K	<0.01%	-1,056,333		Timeline
SAMBOSTON BEER INC	2,429	$580K	<0.01%	-13,326		Timeline
MCKMCKESSON CORP	862	$580K	<0.01%	-49,156		Timeline
CORTCORCEPT THERAPEUTICS INC	5,064	$578K	<0.01%	-4,416		Timeline
NEKTAR THERAPEUTICSNEKTAR THERAPEUTICS	850,115	$578K	<0.01%	new
TTMITTM TECHNOLOGIES INC	28,041	$575K	<0.01%	-77,527		Timeline
QCRHQCR HLDGS INC	8,050	$574K	<0.01%	new		Timeline
BROBROWN & BROWN INC	4,595	$572K	<0.01%	-682,500		Timeline
WTTRSELECT WATER SOLUTIONS INC	54,434	$572K	<0.01%	new		Timeline
XMTRXOMETRY INC	22,847	$569K	<0.01%	new		Timeline
KFRCKFORCE INC	11,614	$568K	<0.01%	-29,199		Timeline
VIAVVIAVI SOLUTIONS INC	50,612	$566K	<0.01%	-3,924		Timeline
USBUS BANCORP	13,306	$562K	<0.01%	+7,602		Timeline
TMCITREACE MED CONCEPTS INC	66,748	$560K	<0.01%	+55,025		Timeline
LPLALPL FINL HLDGS INC	1,711	$560K	<0.01%	-469,777		Timeline
RPAYREPAY HLDGS CORP	100,388	$559K	<0.01%	+25,291		Timeline
NATLNCR ATLEOS CORPORATION	21,121	$557K	<0.01%	new		Timeline
OCULOCULAR THERAPEUTIX INC	75,869	$556K	<0.01%	-21,684		Timeline
BMRNBIOMARIN PHARMACEUTICAL INC	7,747	$548K	<0.01%	-329,356		Timeline
PEBOPEOPLES BANCORP INC	18,420	$546K	<0.01%	+11,646		Timeline
QUBTQUANTUM COMPUTING INC	68,047	$544K	<0.01%	new		Timeline
RYANRYAN SPECIALTY HOLDINGS INC	7,335	$542K	<0.01%	new		Timeline
TACTRANSALTA CORP	56,925	$532K	<0.01%	-214,292		Timeline
NWSNEWS CORP NEW	17,349	$527K	<0.01%	new		Timeline
ROLROLLINS INC	9,738	$526K	<0.01%	-223,988		Timeline
AMLXAMYLYX PHARMACEUTICALS INC	148,559	$526K	<0.01%	+98,311		Timeline
BCSFBAIN CAP SPECIALTY FIN INC	31,499	$523K	<0.01%	new		Timeline
NRDSNERDWALLET INC	57,752	$523K	<0.01%	new		Timeline
OPRTOPORTUN FINL CORP	94,795	$520K	<0.01%	+74,305		Timeline
INDIVIOR PLCINDIVIOR PLC	54,321	$518K	<0.01%	+17,940
ECECOPETROL S A	49,565	$517K	<0.01%	+20,844		Timeline
SBSCOMPANHIA DE SANEAMENTO BASI	28,864	$516K	<0.01%	-1,480		Timeline
EVTCEVERTEC INC	13,998	$515K	<0.01%	-13,664		Timeline
XHRXENIA HOTELS & RESORTS INC	43,589	$513K	<0.01%	-1,122,990		Timeline
OKEONEOK INC NEW	5,113	$507K	<0.01%	-28,726		Timeline
UNITI GROUP INCUNITI GROUP INC	100,321	$506K	<0.01%	-15,062
NCDLNUVEEN CHURCHILL DIRECT LEND	29,724	$505K	<0.01%	+491		Timeline
DYDYCOM INDS INC	3,300	$503K	<0.01%	+575		Timeline
MMM3M CO	3,421	$502K	<0.01%	-1,359,347		Timeline
TROWPRICE T ROWE GROUP INC	5,438	$500K	<0.01%	new		Timeline
ROOKLINE BANCORP INC DELROOKLINE BANCORP INC DEL	45,577	$497K	<0.01%	new
YEXTYEXT INC	80,232	$494K	<0.01%	new		Timeline
CHCTCOMMUNITY HEALTHCARE TR INC	27,165	$493K	<0.01%	-74,036		Timeline
HROWHARROW INC	18,454	$491K	<0.01%	new		Timeline
KMTSKESTRA MED TECHNOLOGIES LTD	19,664	$490K	<0.01%	new		Timeline
CCIXCHURCHILL CAPITAL CORP IX	45,499	$490K	<0.01%	0		Timeline
MYEMYERS INDS INC	40,683	$485K	<0.01%	-27,983		Timeline
TIMBTIM S A	30,920	$484K	<0.01%	+7,586		Timeline
NVGSNAVIGATOR HLDGS LTD	36,345	$484K	<0.01%	new		Timeline
SCISERVICE CORP INTL	6,001	$481K	<0.01%	-4,563		Timeline
ESLTELBIT SYS LTD	1,250	$480K	<0.01%	+363		Timeline
NBRNABORS INDUSTRIES LTD	11,484	$479K	<0.01%	-104,003		Timeline
LTBRLIGHTBRIDGE CORP	64,033	$478K	<0.01%	new		Timeline
SMCSUMMIT MIDSTREAM CORPORATION	13,986	$474K	<0.01%	+7,924		Timeline
RYAMRAYONIER ADVANCED MATLS INC	82,233	$473K	<0.01%	-25,280		Timeline
HIGHARTFORD INSURANCE GROUP INC	3,800	$470K	<0.01%	-12,978		Timeline
HURNHURON CONSULTING GROUP INC	3,272	$469K	<0.01%	+252		Timeline
UTLUNITIL CORP	8,049	$464K	<0.01%	new		Timeline
NEXTNEXTDECADE CORP	59,602	$464K	<0.01%	new		Timeline
EOSEEOS ENERGY ENTERPRISES INC	122,569	$463K	<0.01%	+43,879		Timeline
EXELEXELIXIS INC	12,513	$462K	<0.01%	-4,690		Timeline
AERAERCAP HOLDINGS NV	4,517	$462K	<0.01%	-89,767		Timeline
PTLOPORTILLOS INC	38,772	$461K	<0.01%	new		Timeline
MATMATTEL INC	23,654	$460K	<0.01%	-312,543		Timeline
DOOBRP INC	13,576	$459K	<0.01%	-7,807		Timeline
EFXTENERFLEX LTD	59,259	$458K	<0.01%	new		Timeline
IRWDIRONWOOD PHARMACEUTICALS INC	310,260	$456K	<0.01%	new		Timeline
CWENACLEARWAY ENERGY INC	16,019	$456K	<0.01%	-27,727		Timeline
FSUNFIRSTSUN CAP BANCORP	12,554	$454K	<0.01%	new		Timeline
SCLSTEPAN CO	8,224	$453K	<0.01%	-727		Timeline
GGALGRUPO FINANCIERO GALICIA S.A	8,290	$452K	<0.01%	-9,987		Timeline
BBAIBIGBEAR AI HLDGS INC	157,585	$451K	<0.01%	new		Timeline
PHRPHREESIA INC	17,625	$450K	<0.01%	+6,362		Timeline
PGCPEAPACK-GLADSTONE FINL CORP	15,823	$449K	<0.01%	new		Timeline
OUTOUTFRONT MEDIA INC	27,814	$449K	<0.01%	new		Timeline
ALGNALIGN TECHNOLOGY INC	2,825	$449K	<0.01%	-58,064		Timeline
GTXGARRETT MOTION INC	53,454	$447K	<0.01%	-10,201		Timeline
GPRKGEOPARK LTD	54,916	$444K	<0.01%	+20,090		Timeline
SYYSYSCO CORP	5,899	$443K	<0.01%	-63,236		Timeline
CVCOCAVCO INDS INC DEL	847	$440K	<0.01%	+25		Timeline
TEVATEVA PHARMACEUTICAL INDS LTD	28,613	$440K	<0.01%	-802,626		Timeline
SIBNSI BONE INC	31,166	$437K	<0.01%	new		Timeline
LYBLYONDELLBASELL INDUSTRIES NV	6,150	$433K	<0.01%	-3,201		Timeline
CRKCOMSTOCK RES INC	21,170	$431K	<0.01%	-13,137		Timeline
RDWREDWIRE CORPORATION	51,883	$430K	<0.01%	+34,541		Timeline
PATHUIPATH INC	41,733	$430K	<0.01%	+25,955		Timeline
NVRIENVIRI CORP	64,229	$427K	<0.01%	new		Timeline
RDWRRADWARE LTD	19,726	$426K	<0.01%	+9,662		Timeline
KMBKIMBERLY-CLARK CORP	2,995	$426K	<0.01%	0		Timeline
RIORIO TINTO PLC	7,088	$426K	<0.01%	+1		Timeline
OLMAOLEMA PHARMACEUTICALS INC	113,018	$425K	<0.01%	-1,014,571		Timeline
MURMURPHY OIL CORP	14,949	$425K	<0.01%	-4,128		Timeline
RAMPLIVERAMP HLDGS INC	16,198	$423K	<0.01%	-81,701		Timeline
GUESS? INCGUESS? INC	38,027	$421K	<0.01%	-155,400
GLDDGREAT LAKES DREDGE & DOCK CO	47,772	$416K	<0.01%	-40,643		Timeline
GTNGRAY MEDIA INC	94,825	$410K	<0.01%	+78,582		Timeline
TLNTALEN ENERGY CORP	2,050	$409K	<0.01%	-12,288		Timeline
EYPTEYEPOINT INC	75,089	$407K	<0.01%	-148,552		Timeline
AMANTERO MIDSTREAM CORP	22,563	$406K	<0.01%	-1,005,451		Timeline
AMSCAMERICAN SUPERCONDUCTOR CORP	22,205	$403K	<0.01%	-216,787		Timeline
TENTSAKOS ENERGY NAVIGATION LTD	23,568	$402K	<0.01%	+941		Timeline
RNGRINGCENTRAL INC	16,094	$398K	<0.01%	+5,924		Timeline
ARDTARDENT HEALTH INC	28,756	$395K	<0.01%	+12,782		Timeline
CSTLCASTLE BIOSCIENCES INC	19,730	$395K	<0.01%	new		Timeline
CODICOMPASS DIVERSIFIED	21,087	$394K	<0.01%	new		Timeline
MATVMATIV HOLDINGS INC	62,720	$391K	<0.01%	new		Timeline
SDHCSMITH DOUGLAS HOMES CORP	20,009	$391K	<0.01%	new		Timeline
LAZRQLUMINAR TECHNOLOGIES INC. COM	71,693	$386K	<0.01%	+52,265		Timeline
GENGEN DIGITAL INC	14,500	$385K	<0.01%	-710,362		Timeline
DFHDREAM FINDERS HOMES INC	17,022	$384K	<0.01%	-30,028		Timeline
EMNEASTMAN CHEM CO	4,357	$384K	<0.01%	-423		Timeline
VEEVVEEVA SYS INC	1,653	$383K	<0.01%	-3,448		Timeline
IMMRIMMERSION CORP	50,208	$381K	<0.01%	+5,059		Timeline
MOHMOLINA HEALTHCARE INC	1,155	$380K	<0.01%	-211		Timeline
SSPSCRIPPS E W CO OHIO	128,319	$380K	<0.01%	new		Timeline
SKESKEENA RES LTD NEW	37,629	$380K	<0.01%	new		Timeline
PFSPROVIDENT FINL SVCS INC	22,100	$379K	<0.01%	new		Timeline
NORDSTROM INCNORDSTROM INC	15,370	$376K	<0.01%	0
AITAPPLIED INDL TECHNOLOGIES IN	1,658	$374K	<0.01%	-290		Timeline
CSTMCONSTELLIUM SE	36,576	$369K	<0.01%	+26,542		Timeline
BBSIBARRETT BUSINESS SVCS INC	8,867	$365K	<0.01%	new		Timeline
PRCHPORCH GROUP INC	49,942	$364K	<0.01%	new		Timeline
GMEDGLOBUS MED INC	4,969	$364K	<0.01%	new		Timeline
QFINQFIN HOLDINGS INC	8,074	$363K	<0.01%	new		Timeline
DOXAMDOCS LTD	3,953	$362K	<0.01%	-1,231		Timeline
CVLGCOVENANT LOGISTICS GROUP INC	16,266	$361K	<0.01%	+11,058		Timeline
CBZCBIZ INC	4,739	$360K	<0.01%	+138		Timeline
FXIISHARES TR	10,010	$359K	<0.01%	new		Timeline
USPHU S PHYSICAL THERAPY	4,953	$358K	<0.01%	-4,500		Timeline
SOXXISHARES TR	1,900	$358K	<0.01%	new		Timeline
ENPHENPHASE ENERGY INC	5,745	$356K	<0.01%	-9,626		Timeline
EROERO COPPER CORP	29,190	$354K	<0.01%	+15,459		Timeline
TERNTERNS PHARMACEUTICALS INC	127,887	$353K	<0.01%	new		Timeline
ABEOABEONA THERAPEUTICS INC	73,849	$352K	<0.01%	+39,721		Timeline
HRZNHORIZON TECHNOLOGY FIN CORP	37,236	$351K	<0.01%	+18,047		Timeline
LEVILEVI STRAUSS & CO NEW	22,346	$348K	<0.01%	new		Timeline
APAAPA CORPORATION	16,569	$348K	<0.01%	-236,057		Timeline
GNRCGENERAC HLDGS INC	2,748	$348K	<0.01%	new		Timeline
EGBNEAGLE BANCORPORATION INC	16,444	$345K	<0.01%	-8,087		Timeline
BRIDGE INVT GROUP HLDGS INCBRIDGE INVT GROUP HLDGS INC	36,042	$345K	<0.01%	new
PODDINSULET CORP	1,310	$344K	<0.01%	new		Timeline
MPCMARATHON PETE CORP	2,349	$342K	<0.01%	-36,045		Timeline
IESCIES HOLDINGS INC	2,071	$342K	<0.01%	-1,387		Timeline
ORRFORRSTOWN FINL SVCS INC	11,382	$342K	<0.01%	new		Timeline
BRYBerry Corp	106,160	$341K	<0.01%	+32,731		Timeline
INGRINGREDION INC	2,517	$340K	<0.01%	+73		Timeline
TBRGTRUBRIDGE INC	12,351	$340K	<0.01%	new		Timeline
GEVOGEVO INC	292,230	$339K	<0.01%	+180,113		Timeline
QLYSQUALYS INC	2,687	$338K	<0.01%	+78		Timeline
SBSISOUTHSIDE BANCSHARES INC	11,620	$337K	<0.01%	new		Timeline
CDCHAINCE DIGITAL HOLDINGS INC	62,687	$336K	<0.01%	+37,180		Timeline
FCFFIRST COMWLTH FINL CORP PA	21,594	$336K	<0.01%	new		Timeline
Checkpoint Therapeutics IncCheckpoint Therapeutics Inc	81,542	$329K	<0.01%	+61,321
PRIMPRIMORIS SVCS CORP	5,632	$323K	<0.01%	-63,855		Timeline
CRCTCRICUT INC	62,654	$323K	<0.01%	new		Timeline
INCYINCYTE CORP	5,314	$322K	<0.01%	0		Timeline
XLCSELECT SECTOR SPDR TR	3,334	$322K	<0.01%	-42,956		Timeline
ZEEKR INTELLIGENT TECHNOLOGYZEEKR INTELLIGENT TECHNOLOGY	13,348	$322K	<0.01%	new
CFFNCAPITOL FED FINL INC	57,252	$321K	<0.01%	-52,659		Timeline
JAKKJAKKS PAC INC	12,989	$320K	<0.01%	new		Timeline
IVWISHARES TR	3,449	$320K	<0.01%	new		Timeline
IVERSIFIED ENERGY COMPANY PIVERSIFIED ENERGY COMPANY P	23,637	$320K	<0.01%	-361,052
GOSSGOSSAMER BIO INC	289,265	$318K	<0.01%	new		Timeline
SNWVSANUWAVE HEALTH INC	8,990	$318K	<0.01%	new		Timeline
IVOLKRANESHARES TRUST	17,016	$318K	<0.01%	0		Timeline
CSVCARRIAGE SVCS INC	8,186	$317K	<0.01%	+2,425		Timeline
TTDTHE TRADE DESK INC	5,795	$317K	<0.01%	new		Timeline
GICGLOBAL INDUSTRIAL COMPANY	14,094	$316K	<0.01%	new		Timeline
OSISKO GOLD ROYALTIES LTDOSISKO GOLD ROYALTIES LTD	14,924	$315K	<0.01%	new
COLMCOLUMBIA SPORTSWEAR CO	4,155	$314K	<0.01%	+121		Timeline
HAFCHANMI FINL CORP	13,859	$314K	<0.01%	-6,213		Timeline
PALPROFICIENT AUTO LOGISTICS IN	37,466	$314K	<0.01%	-46,547		Timeline
VIPER ENERGY INC-CL AVIPER ENERGY INC-CL A	6,919	$312K	<0.01%	+1,152
TPLTEXAS PACIFIC LAND CORPORATI	235	$311K	<0.01%	-844		Timeline
CSXCSX CORP	10,396	$306K	<0.01%	-500		Timeline
CSGPCOSTAR GROUP INC	3,812	$302K	<0.01%	0		Timeline
SHGSHINHAN FINANCIAL GROUP CO L	9,411	$302K	<0.01%	new		Timeline
IQIQIYI INC	132,676	$300K	<0.01%	new		Timeline
ASTEASTEC INDS INC	8,660	$298K	<0.01%	new		Timeline
KINSKINGSTONE COS INC	17,866	$297K	<0.01%	new		Timeline
KNSAKINIKSA PHARMACEUTICALS INTL	13,373	$297K	<0.01%	+452		Timeline
METCRAMACO RES INC	35,850	$295K	<0.01%	-37,021		Timeline
EQBKEQUITY BANCSHARES INC	7,470	$294K	<0.01%	new		Timeline
CNCKCOINCHECK GROUP NV	57,836	$294K	<0.01%	+17,160		Timeline
CLDTCHATHAM LODGING TR	40,909	$292K	<0.01%	+18,727		Timeline
TIPTTIPTREE INC	12,071	$291K	<0.01%	new		Timeline
HPQHP INC	10,498	$291K	<0.01%	new		Timeline
DRDDRDGOLD LIMITED	18,748	$290K	<0.01%	new		Timeline
HBMHUDBAY MINERALS INC	38,227	$290K	<0.01%	-409,925		Timeline
QTRXQUANTERIX CORP	44,506	$290K	<0.01%	+13,876		Timeline
NSSCNAPCO SEC TECHNOLOGIES INC	12,559	$289K	<0.01%	-94,270		Timeline
ARCOARCOS DORADOS HLDGS INC	35,725	$288K	<0.01%	-178,838		Timeline
BVSBIOVENTUS INC	31,415	$287K	<0.01%	+18,764		Timeline
PHATPHATHOM PHARMACEUTICALS INC	45,831	$287K	<0.01%	new		Timeline
HXLHEXCEL CORP NEW	5,234	$287K	<0.01%	-232,249		Timeline
UVEUNIVERSAL INS HLDGS INC	12,059	$286K	<0.01%	new		Timeline
PERIPERION NETWORK LTD	35,087	$286K	<0.01%	+24,595		Timeline
DMCDEL MONTE CORP	9,224	$284K	<0.01%	new		Timeline
CALFPACER FDS TR	7,579	$284K	<0.01%	new		Timeline
IMKTAINGLES MKTS INC	4,331	$282K	<0.01%	new		Timeline
NXPINXP SEMICONDUCTORS N V	1,481	$281K	<0.01%	-155,652		Timeline
OPFIOPPFI INC	30,257	$281K	<0.01%	new		Timeline
ACICAMERICAN COASTAL INS CORP	24,243	$280K	<0.01%	new		Timeline
REAXTHE REAL BROKERAGE INC	69,012	$280K	<0.01%	+21,406		Timeline
CPSCOOPER-STANDARD HOLDINGS INC	18,195	$279K	<0.01%	new		Timeline
SUPVGRUPO SUPERVIELLE S.A.	21,237	$277K	<0.01%	-29,892		Timeline
CVGWCALAVO GROWERS INC	11,490	$276K	<0.01%	-3,255		Timeline
ALTALTIMMUNE INC	54,953	$275K	<0.01%	-141,374		Timeline
PSIXPOWER SOLUTIONS INTL INC	10,868	$275K	<0.01%	new		Timeline
NPCENEUROPACE INC	22,289	$274K	<0.01%	new		Timeline
GDOTGREEN DOT CORP	31,901	$269K	<0.01%	new		Timeline
FBLAFB BANCORP INC	23,859	$269K	<0.01%	new		Timeline
MTWMANITOWOC CO INC	31,229	$268K	<0.01%	+14,089		Timeline
EMREMERSON ELEC CO	2,443	$268K	<0.01%	new		Timeline
AARDAARDVARK THERAPEUTICS INC	35,435	$266K	<0.01%	new		Timeline
HIHILLENBRAND INC	11,023	$266K	<0.01%	-81,038		Timeline
FGF&G ANNUITIES & LIFE INC	7,380	$266K	<0.01%	new		Timeline
OBEOBSIDIAN ENERGY LTD	45,392	$266K	<0.01%	-4,815		Timeline
SITIO ROYALTIES CORPSITIO ROYALTIES CORP	13,320	$265K	<0.01%	new
QUREUNIQURE NV	24,928	$264K	<0.01%	-334,245		Timeline
PHMPULTE GROUP INC	2,563	$263K	<0.01%	new		Timeline
RKTROCKET COS INC	21,782	$263K	<0.01%	-1,631		Timeline
ECPGENCORE CAP GROUP INC	7,646	$262K	<0.01%	-6,322		Timeline
HTBKHERITAGE COMM CORP	27,528	$262K	<0.01%	+5,207		Timeline
ASPIASP ISOTOPES INC	55,749	$261K	<0.01%	new		Timeline
WASHWASHINGTON TR BANCORP INC	8,467	$261K	<0.01%	new		Timeline
KULR TECHNOLOGY GROUP INCKULR TECHNOLOGY GROUP INC	197,823	$261K	<0.01%	new
AXIAYAXIA ENERGIA SA	36,763	$261K	<0.01%	+12,599		Timeline
LINDLINDBLAD EXPEDITIONS HLDGS I	27,956	$259K	<0.01%	+16,203		Timeline
GNTXGENTEX CORP	11,096	$259K	<0.01%	+323		Timeline
DCBODOCEBO INC	9,005	$259K	<0.01%	+1,068		Timeline
TILEINTERFACE INC	12,941	$257K	<0.01%	new		Timeline
BANDBANDWIDTH INC	19,568	$256K	<0.01%	-26,498		Timeline
ACHACCENDRA HEALTH INC	28,167	$254K	<0.01%	new		Timeline
CHKPCHECK POINT SOFTWARE TECH LT	1,103	$251K	<0.01%	new		Timeline
UAMYUNITED STATES ANTIMONY CORP	113,136	$249K	<0.01%	new		Timeline
GOLDGOLD COM INC	9,805	$249K	<0.01%	-31,040		Timeline
BCHBANCO DE CHILE	9,326	$247K	<0.01%	new		Timeline
EXKENDEAVOUR SILVER CORP	57,577	$246K	<0.01%	-166,500		Timeline
SSLSASOL LTD	57,920	$245K	<0.01%	new		Timeline
LSCCLATTICE SEMICONDUCTOR CORP	4,669	$245K	<0.01%	0		Timeline
FDNFIRST TR EXCHANGE-TRADED FD	1,100	$244K	<0.01%	new		Timeline
DADA NEXUS LTD NPV ADRDADA NEXUS LTD NPV ADR	130,001	$241K	<0.01%	new
CIACITIZENS INC	52,020	$237K	<0.01%	+22,152		Timeline
URGNUROGEN PHARMA LTD	21,285	$235K	<0.01%	-3,196		Timeline
STWDSTARWOOD PPTY TR INC	11,733	$232K	<0.01%	-1,000		Timeline
ENRENERGIZER HLDGS INC	7,742	$232K	<0.01%	-262,159		Timeline
MDPEDIATRIX MEDICAL GROUP INC	15,967	$231K	<0.01%	new		Timeline
WLFCWILLIS LEASE FIN CORP	1,454	$230K	<0.01%	new		Timeline
PVLAPALVELLA THERAPEUTICS INC NE	8,176	$229K	<0.01%	new		Timeline
MLIMUELLER INDS INC	3,002	$229K	<0.01%	-69,023		Timeline
MCBMETROPOLITAN BK HLDG CORP	4,031	$226K	<0.01%	new		Timeline
NBNNORTHEAST BK PORTLAND ME	2,465	$226K	<0.01%	-3,907		Timeline
DNLIDENALI THERAPEUTICS INC	16,595	$226K	<0.01%	-399,479		Timeline
CNRCORE NATURAL RESOURCES INC	2,921	$225K	<0.01%	new		Timeline
KRNYKEARNY FINL CORP MD	35,760	$224K	<0.01%	+13,183		Timeline
MNPRMONOPAR THERAPEUTICS INC	6,141	$224K	<0.01%	new		Timeline
HIVEHIVE DIGITAL TECHNOLOGIES LT	151,892	$220K	<0.01%	+105,191		Timeline
CLCOLGATE PALMOLIVE CO	2,341	$219K	<0.01%	new		Timeline
HIWHIGHWOODS PPTYS INC	7,399	$219K	<0.01%	-19,562		Timeline
OKLOOKLO INC	10,101	$218K	<0.01%	-78,994		Timeline
SEBSEABOARD CORP DEL	81	$218K	<0.01%	-113		Timeline
TPBTURNING PT BRANDS INC	3,665	$218K	<0.01%	-12,026		Timeline
ASTSAST SPACEMOBILE INC	9,543	$217K	<0.01%	-13,557		Timeline
EHTHEHEALTH INC	32,370	$216K	<0.01%	+15,245		Timeline
CACICACI INTL INC	587	$215K	<0.01%	+11		Timeline
UIUBIQUITI INC	693	$215K	<0.01%	-531		Timeline
STKLSUNOPTA INC	44,079	$214K	<0.01%	new		Timeline
CHARGEPOINT HLDGS INCCHARGEPOINT HLDGS INC	352,724	$213K	<0.01%	+113,936
IWRISHARES TR	2,505	$213K	<0.01%	new		Timeline
CADLCANDEL THERAPEUTICS INC	37,710	$213K	<0.01%	new		Timeline
NFENEW FORTRESS ENERGY INC	25,619	$213K	<0.01%	-156,560		Timeline
UAUNDER ARMOUR INC	35,220	$210K	<0.01%	new		Timeline
NOMDNOMAD FOODS LTD	10,654	$209K	<0.01%	new		Timeline
CFFIC & F FINL CORP	3,105	$209K	<0.01%	new		Timeline
NGVCNATURAL GROCERS BY VITAMIN	5,195	$209K	<0.01%	-11,927		Timeline
CSLCARLISLE COS INC	613	$209K	<0.01%	new		Timeline
ELDNELEDON PHARMACEUTICALS INC	61,520	$209K	<0.01%	+28,897		Timeline
FSLYFASTLY INC	32,887	$208K	<0.01%	-34,055		Timeline
EXFYEXPENSIFY INC	68,339	$208K	<0.01%	+13,972		Timeline
FSVFIRSTSERVICE CORP NEW	1,251	$208K	<0.01%	-3,103		Timeline
ZWSZURN ELKAY WATER SOLNS CORP	6,244	$206K	<0.01%	new		Timeline
MASMASCO CORP	2,960	$206K	<0.01%	new		Timeline
CTEVCLARITEV CORPORATION	9,960	$205K	<0.01%	new		Timeline
TRMDTORM PLC	12,446	$205K	<0.01%	new		Timeline
COTYCOTY INC	37,496	$205K	<0.01%	new		Timeline
GNKGENCO SHIPPING & TRADING LTD	15,295	$204K	<0.01%	new		Timeline
SNASNAP ON INC	604	$204K	<0.01%	-579		Timeline
ITWILLINOIS TOOL WKS INC	820	$203K	<0.01%	new		Timeline
MPAAMOTORCAR PTS AMER INC	20,784	$197K	<0.01%	+9,245		Timeline
UISUNISYS CORP	42,861	$197K	<0.01%	new		Timeline
KGEIKOLIBRI GLOBAL ENERGY INC	23,433	$197K	<0.01%	new		Timeline
PLXPROTALIX BIOTHERAPEUTICS INC	76,063	$195K	<0.01%	new		Timeline
SNCYSUN CTRY AIRLS HLDGS INC	15,600	$192K	<0.01%	+3,300		Timeline
APPSDIGITAL TURBINE INC	70,290	$191K	<0.01%	new		Timeline
XERSXERIS BIOPHARMA HOLDINGS INC	34,454	$189K	<0.01%	+17,301		Timeline
SHBISHORE BANCSHARES INC	13,960	$189K	<0.01%	new		Timeline
CONTEXTLOGIC INCCONTEXTLOGIC INC	26,983	$188K	<0.01%	+12,128
HTZHERTZ GLOBAL HLDGS INC	47,465	$187K	<0.01%	+32,385		Timeline
ANNXANNEXON INC	96,752	$187K	<0.01%	new		Timeline
WNEBWESTERN NEW ENG BANCORP INC	19,931	$185K	<0.01%	+8,206		Timeline
MVSTMICROVAST HOLDINGS INC	157,842	$185K	<0.01%	new		Timeline
XLOXilio Therapeutics Inc.	254,346	$184K	<0.01%	-88,884		Timeline
CRVSCORVUS PHARMACEUTICALS INC	57,827	$184K	<0.01%	+9,492		Timeline
ABCLABCELLERA BIOLOGICS INC	81,083	$181K	<0.01%	+67,562		Timeline
TECXTECTONIC THERAPEUTIC INC	10,192	$180K	<0.01%	-236,808		Timeline
FINWFINWISE BANCORP	10,289	$180K	<0.01%	new		Timeline
IKTINHIBIKASE THERAPEUTICS INC	81,161	$178K	<0.01%	new		Timeline
VUZIVUZIX CORP	86,322	$176K	<0.01%	+50,923		Timeline
TAKTAKEDA PHARMACEUTICAL CO LTD	11,773	$175K	<0.01%	-181,430		Timeline
HAFNHAFNIA LTD	41,995	$175K	<0.01%	-15,990		Timeline
SNFCASECURITY NATL FINL CORP	14,383	$174K	<0.01%	new		Timeline
BORRBORR DRILLING LTD	78,778	$173K	<0.01%	new		Timeline
AOUTAMERICAN OUTDOOR BRANDS INC	14,077	$171K	<0.01%	new		Timeline
NEXNNEXXEN INTL LTD	20,405	$170K	<0.01%	new		Timeline
BRBSBLUE RIDGE BANKSHARES INC VA	52,091	$170K	<0.01%	+21,008		Timeline
AGLAGILON HEALTH INC COM (DE)	39,166	$170K	<0.01%	new		Timeline
IBRXIMMUNITYBIO INC	56,165	$169K	<0.01%	new		Timeline
BLZEBACKBLAZE INC	34,941	$169K	<0.01%	+2,600		Timeline
IDRIDAHO STRATEGIC RESOURCES	11,715	$168K	<0.01%	new		Timeline
BVFLBV FINL INC	10,836	$165K	<0.01%	new		Timeline
TSEOQTRINSEO PLC	44,754	$165K	<0.01%	new		Timeline
NOANORTH AMERN CONSTR GROUP LTD	10,294	$163K	<0.01%	new		Timeline
CSANYCOSAN S A	31,062	$162K	<0.01%	-17,787		Timeline
MDVMODIV INDUSTRIAL INC	10,090	$162K	<0.01%	new		Timeline
LARLITHIUM ARGENTINA AG	75,489	$162K	<0.01%	new		Timeline
TUYATUYA INC	53,168	$161K	<0.01%	new		Timeline
INVINNVENTURE INC	20,777	$160K	<0.01%	new		Timeline
PHX MINERALS INC CL APHX MINERALS INC CL A	40,262	$159K	<0.01%	+18,875
ASTLALGOMA STL GROUP INC	29,063	$158K	<0.01%	+11,064		Timeline
CGNTCOGNYTE SOFTWARE LTD	20,191	$157K	<0.01%	+3,448		Timeline
LFVNLIFEVANTAGE CORP	10,731	$156K	<0.01%	new		Timeline
LANDGLADSTONE LD CORP	14,872	$156K	<0.01%	new		Timeline
ASTRIA THERAPEUTICS INCASTRIA THERAPEUTICS INC	28,984	$155K	<0.01%	new
OPBKOP BANCORP	12,848	$154K	<0.01%	new		Timeline
DOUGDOUGLAS ELLIMAN INC	89,318	$154K	<0.01%	new		Timeline
PDBCINVESCO ACTVELY MNGD ETC FD	11,254	$153K	<0.01%	0		Timeline
EPSNEPSILON ENERGY LTD	21,362	$151K	<0.01%	new		Timeline
FTKFLOTEK INDUSTRIES INC	17,981	$150K	<0.01%	+7,633		Timeline
BKSYBLACKSKY TECHNOLOGY INC	19,015	$147K	<0.01%	+2,294		Timeline
RRRICHTECH ROBOTICS INC	73,139	$145K	<0.01%	new		Timeline
CZWICITIZENS CMNTY BANCORP INC M	10,043	$144K	<0.01%	new		Timeline
CLSKCLEANSPARK INC	21,275	$143K	<0.01%	-66,925		Timeline
NXXTNEXTNRG INC	45,180	$143K	<0.01%	new		Timeline
MYOMYOMO INC	29,501	$142K	<0.01%	+12,726		Timeline
ATOMATOMERA INC	35,342	$141K	<0.01%	+14,445		Timeline
MEIMETHODE ELECTRS INC	21,974	$140K	<0.01%	-22,721		Timeline
OPKOPKO HEALTH INC	84,196	$140K	<0.01%	+73,432		Timeline
UBFOUNITED SEC BANCSHARES CALIF	15,573	$140K	<0.01%	+4,889		Timeline
RZLTREZOLUTE INC	47,557	$138K	<0.01%	+13,246		Timeline
KOPNKOPIN CORP	147,134	$137K	<0.01%	+80,542		Timeline
EARNELLINGTON CREDIT COMPANY	25,317	$137K	<0.01%	+10,632		Timeline
SIONSIONNA THERAPEUTICS INC	13,060	$137K	<0.01%	new		Timeline
OLPXOLAPLEX HLDGS INC	106,644	$135K	<0.01%	-463,955		Timeline
URGUR-ENERGY INC	199,024	$134K	<0.01%	+149,373		Timeline
NFBKNORTHFIELD BANCORP INC DEL	12,234	$133K	<0.01%	new		Timeline
NVCTNUVECTIS PHARMA INC	13,483	$132K	<0.01%	new		Timeline
Rithm Property Trust IncRithm Property Trust Inc	45,365	$130K	<0.01%	new
VZLAVIZSLA SILVER CORP	56,174	$128K	<0.01%	new		Timeline
IEIVANHOE ELECTRIC INC	21,823	$127K	<0.01%	-73,780		Timeline
INTEVAC INCINTEVAC INC	30,497	$122K	<0.01%	new
SYNCHRONOSS TECHNOLOGIES INCSYNCHRONOSS TECHNOLOGIES INC	10,878	$118K	<0.01%	new
ARISARIS MINING CORPORATION	25,397	$117K	<0.01%	new		Timeline
BYNDBEYOND MEAT INC	38,203	$117K	<0.01%	new		Timeline
FPIFARMLAND PARTNERS INC	10,357	$115K	<0.01%	new		Timeline
PLCECHILDRENS PL INC NEW	13,037	$114K	<0.01%	new		Timeline
PDYNPALLADYNE AI CORP	19,343	$114K	<0.01%	new		Timeline
PRMPERIMETER SOLUTIONS INC	11,289	$114K	<0.01%	new		Timeline
GILTGILAT SATELLITE NETWORKS LTD	17,899	$114K	<0.01%	new		Timeline
VNDAVANDA PHARMACEUTICALS INC	24,694	$113K	<0.01%	new		Timeline
LFSTLIFESTANCE HEALTH GROUP INC	16,987	$113K	<0.01%	new		Timeline
SKYXSKYX PLATFORMS CORP	98,038	$112K	<0.01%	new		Timeline
WBTNWEBTOON ENTMT INC	14,483	$111K	<0.01%	new		Timeline
ACRSACLARIS THERAPEUTICS INC	70,502	$108K	<0.01%	new		Timeline
KRMDKORU MEDICAL SYSTEMS INC	41,081	$104K	<0.01%	+19,157		Timeline
SGHCSUPER GROUP SGHC LIMITED	16,125	$104K	<0.01%	-18,516		Timeline
INSEINSPIRED ENTMT INC	11,990	$102K	<0.01%	new		Timeline
OMEROMEROS CORP	12,123	$99.7K	<0.01%	new		Timeline
RAILFREIGHTCAR AMER INC	17,501	$96.8K	<0.01%	new		Timeline
SPCEVIRGIN GALACTIC HOLDINGS INC	31,883	$96.6K	<0.01%	-17,438		Timeline
AMWLAMERICAN WELL CORP	12,217	$96.3K	<0.01%	new		Timeline
GNLXGENELUX CORPORATION	35,633	$96.2K	<0.01%	new		Timeline
DMACDIAMEDICA THERAPEUTICS INC	25,270	$95.8K	<0.01%	+10,689		Timeline
BAKBRASKEM SA	24,438	$94.1K	<0.01%	-22,007		Timeline
BTEBAYTEX ENERGY CORP	42,264	$94K	<0.01%	-22,160		Timeline
LABSTANDARD BIOTOOLS INC	86,005	$92.9K	<0.01%	-648,999		Timeline
CRSRCORSAIR GAMING INC	10,474	$92.8K	<0.01%	-19,776		Timeline
AIRJAIRJOULE TECHNOLOGIES CORP	19,765	$91.1K	<0.01%	new		Timeline
LFTLUMENT FINANCE TRUST INC	34,261	$89.4K	<0.01%	+15,460		Timeline
RSKDRISKIFIED LTD	18,959	$87.6K	<0.01%	-35,124		Timeline
NRDYNERDY INC	60,793	$86.3K	<0.01%	-31,758		Timeline
GLYCOMIMETICS INCGLYCOMIMETICS INC	382,573	$80.3K	<0.01%	new
KOSKOSMOS ENERGY LTD	35,135	$80.1K	<0.01%	-79,084		Timeline
TARAPROTARA THERAPEUTICS INC	18,710	$79.7K	<0.01%	new		Timeline
VTEXVTEX	15,645	$79.3K	<0.01%	new		Timeline
ZVIAZEVIA PBC	33,923	$73.3K	<0.01%	new		Timeline
MFGMIZUHO FINANCIAL GROUP INC	12,651	$69.7K	<0.01%	new		Timeline
CXDOCREXENDO INC	14,260	$69.4K	<0.01%	new		Timeline
SNBRQSLEEP NUMBER CORP	10,594	$67.2K	<0.01%	new		Timeline
NXDTNEXPOINT DIVERSIFIED REL ET	17,282	$66.2K	<0.01%	new		Timeline
ABUSARBUTUS BIOPHARMA CORP	18,916	$66K	<0.01%	-22,774		Timeline
CDECOEUR MNG INC	10,834	$64.1K	<0.01%	new		Timeline
TLSITRISALUS LIFE SCIENCES INC	10,804	$59.6K	<0.01%	new		Timeline
PACKRANPAK HOLDINGS CORP	10,644	$57.7K	<0.01%	-19,528		Timeline
MBIMBIA INC	11,554	$57.5K	<0.01%	new		Timeline
BBDBANCO BRADESCO S A	22,706	$50.6K	<0.01%	new		Timeline
MDAIWSPECTRAL AI INC	190,324	$48.7K	<0.01%	0		Timeline
BEEPMOBILE INFRASTRUCTURE CORP	11,282	$47K	<0.01%	new		Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	60,000	$41.4K	<0.01%	new
LDILOANDEPOT INC	33,207	$39.5K	<0.01%	new		Timeline
NPWRNET POWER INC	14,529	$38.2K	<0.01%	new		Timeline
BNTCBENITEC BIOPHARMA INC	2,816	$36.6K	<0.01%	new		Timeline
STEM INCSTEM INC	77,234	$27.1K	<0.01%	-44,147
HRTXHERON THERAPEUTICS INC	11,492	$25.3K	<0.01%	new		Timeline
SLDPSOLID POWER INC	14,766	$15.5K	<0.01%	new		Timeline
LONGEVITY HEALTH HLDGS INCLONGEVITY HEALTH HLDGS INC	342,706	$12.3K	<0.01%	0
ILLRTRILLER GROUP INC COM	15,001	$11.7K	<0.01%	-30,822		Timeline
SESSES AI CORPORATION	16,660	$8.68K	<0.01%	new		Timeline
LTRYWSPORTS ENTMT GAMING GLOBAL	250,000	$7.97K	<0.01%	0		Timeline
METAL SKY STAR ACQUISITION CMETAL SKY STAR ACQUISITION C	624,832	$7.62K	<0.01%	0
SENSEONICS HLDGS INCSENSEONICS HLDGS INC	11,106	$7.29K	<0.01%	new
CCIXWCHURCHILL CAPITAL CORP IX	11,374	$7.05K	<0.01%	0		Timeline
SWVLWSWVL HOLDINGS CORP	200,000	$2.7K	<0.01%	0		Timeline
CROWN LONG HOLDINGSCROWN LONG HOLDINGS	50,000	$1.99K	<0.01%	new
KKR & CO INCKKR & CO INC	0	$0	0%	new	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.

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 774. All 774

Security	Type	Amount	Value	Change
IWMISHARES TR SHS	put	6,359,500	$1.27B	-1,154,700
QQQINVESCO QQQ TR COM	call	2,125,100	$997M	+1,287,000
QQQINVESCO QQQ TR COM	put	1,987,600	$932M	+433,800
XLFSELECT SECTOR SPDR TR SHS	put	18,707,200	$932M	-3,677,900
MSFTMICROSOFT CORP COM	put	2,311,900	$868M	-287,800
AAPLAPPLE INC COM	put	2,860,000	$635M	-3,271,100
XLESELECT SECTOR SPDR TR SHS	put	5,681,400	$531M	-1,265,100
AMZNAMAZON COM INC COM	put	2,636,800	$502M	-85,300
SPYSTATE STR SPDR S&P 500 ETF T SHS	call	800,400	$448M	+766,300
GDXVANECK ETF TRUST GOLD MINERS ETF	put	8,837,100	$406M	+2,043,400
ULTAULTA BEAUTY INC Stock	call	965,400	$354M	+952,000
KRESPDR SERIES TRUST ST STR SP REGBNK	put	6,047,700	$344M	+836,900
IWMISHARES TR SHS	call	1,672,500	$334M	+33,800
GOOGLALPHABET INC COM	put	2,073,900	$321M	-553,200
XLYSELECT SECTOR SPDR TR SBI CONS DISCR	put	1,311,800	$259M	-1,105,100
CVXCHEVRON CORPORATION COM	put	1,476,100	$247M	+708,800
XLUSELECT SECTOR SPDR TR SHS	put	3,053,900	$241M	+263,800
VVISA INC COM	put	682,500	$239M	-109,500
AAPLAPPLE INC COM	call	1,039,000	$231M	+160,600
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	400,700	$224M	-519,700
TSLATESLA INC COM	put	799,000	$207M	-249,500
XLVSELECT SECTOR SPDR TR SHS	put	1,333,300	$195M	-47,000
MAMASTERCARD INCORPORATED COM	put	341,100	$187M	+2,800
NVDANVIDIA CORPORATION COM	put	1,485,800	$161M	-1,382,700
XOMEXXON MOBIL CORP COM	put	1,335,100	$159M	-597,100
DISDISNEY WALT CO COM	put	1,557,300	$154M	+152,900
BACBANK OF AMER CORP COM	put	3,261,200	$136M	+263,500
XBISPDR SERIES TRUST S&P BIOTECH	put	1,577,900	$128M	-274,400
CCITIGROUP INC COM	put	1,762,700	$125M	-137,100
XLFSELECT SECTOR SPDR TR SHS	call	2,452,100	$122M	-351,600
NFLXNETFLIX INC. COM	put	126,200	$118M	+15,400
TSLATESLA INC COM	call	439,800	$114M	+23,100
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COM	call	2,635,600	$111M	+2,008,600
MSFTMICROSOFT CORP COM	call	287,100	$108M	+162,500
METAMETA PLATFORMS INC COM	put	170,300	$98.2M	+2,000
PDDPDD HOLDINGS INC ADR	put	824,300	$97.6M	+747,800
JPMJPMORGAN CHASE & CO COM	put	392,900	$96.4M	-435,700
EEMISHARES TR MSCI EMG MKT ETF	put	2,198,800	$96.1M	-593,000
COSTCOSTCO WHOLESALE CORPORATION COM	put	95,800	$90.6M	-97,600
XLPSELECT SECTOR SPDR TR STATE STREET CON	put	1,075,600	$87.8M	-1,009,400
NVDANVIDIA CORPORATION COM	call	778,400	$84.4M	-587,400
NFLXNETFLIX INC. COM	call	89,900	$83.8M	+46,600
XLISELECT SECTOR SPDR TR INDL	put	635,800	$83.3M	-26,700
SMHVANECK ETF TRUST COM	put	392,100	$82.9M	+48,600
XRTSPDR SERIES TRUST ETF	put	1,194,800	$82.5M	+342,300
NKENIKE INC COM	call	1,197,100	$76M	-223,800
TLTISHARES TR 20 YR TR BD ETF	call	796,500	$72.5M	-27,900
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COM	put	1,707,600	$72.2M	-246,400
VKTXVIKING THERAPEUTICS INC COM	call	2,938,800	$71M	+2,481,400
AMZNAMAZON COM INC COM	call	365,500	$69.5M	+46,800
BABAALIBABA GROUP HLDG LTD SPONSORED ADS	put	520,500	$68.8M	+165,800
UNPUNION PAC CORP COM	put	281,500	$66.5M	+270,900
XRTSPDR SERIES TRUST ETF	call	960,800	$66.4M	+271,200
BKNGBOOKING HOLDINGS INC COM	put	14,400	$66.3M	-1,700
TWTRADEWEB MKTS INC Stock	call	440,000	$65.3M	+104,500
CSCOCISCO SYS INC COM	put	1,052,500	$64.9M	-596,100
RIVNRIVIAN AUTOMOTIVE INC Stock	put	5,082,700	$63.3M	+36,300
TMUST-MOBILE US INC COM	put	220,800	$58.9M	-71,000
XLKSELECT SECTOR SPDR TR SHS	put	283,900	$58.6M	-943,900
ASHRDBX ETF TR XTRACK HRVST CSI	put	2,100,100	$55.8M	new
SCHWCHARLES SCHWAB CORP (THE) COM	call	662,400	$51.9M	+534,600
XLBSELECT SECTOR SPDR TR SBI MATERIALS	put	600,300	$51.6M	-445,800
HESS CORPHESS CORP COM	put	320,000	$51.1M	new
GOOGALPHABET INC COM	put	327,100	$51M	+21,700
SLVISHARES SILVER TR COM	put	1,640,000	$50.8M	new
NUENUCOR CORP Stock	call	422,000	$50.8M	+312,600
LUCID GROUP INCLUCID GROUP INC COM	put	20,930,000	$50.7M	+20,530,000
METAMETA PLATFORMS INC COM	call	87,800	$50.6M	+9,400
KKELLANOVA COM	put	587,400	$48.5M	+573,200
XOPSPDR SERIES TRUST S&P OILGAS EXP	call	367,500	$48.4M	-43,700
CVXCHEVRON CORPORATION COM	call	287,200	$48M	-107,100
MSMORGAN STANLEY COM	put	402,200	$46.9M	-470,500
ZMZOOM COMMUNICATIONS INC Stock	put	630,900	$46.5M	+614,800
AVGOBROADCOM INC COM	put	273,200	$45.7M	+27,000
PYPLPAYPAL HLDGS INC STOK	put	699,400	$45.6M	+403,000
BRK-BBERKSHIRE HATHAWAY INC DEL COM	put	84,700	$45.1M	+6,400
DISCOVER FINANCIAL SERVICESDISCOVER FINANCIAL SERVICES COM	put	264,000	$45.1M	+247,500
LMTLOCKHEED MARTIN CORP COM	put	100,800	$45M	-259,300
QCOMQUALCOMM INC COM	put	287,500	$44.2M	+135,300
NTNXNUTANIX INC Stock	call	603,300	$42.1M	new
GOOGLALPHABET INC COM	call	265,700	$41.1M	-273,700
DIASTATE STR SPDR DOW JONES IND UT SER 1	put	97,100	$40.8M	-45,500
HOODROBINHOOD MKTS INC COM	put	974,700	$40.6M	+596,400
MARAMARA HOLDINGS INC Stock	put	3,527,300	$40.6M	+2,977,200
XLVSELECT SECTOR SPDR TR SHS	call	276,800	$40.4M	+225,900
SMHVANECK ETF TRUST COM	call	188,600	$39.9M	-75,200
FDXFEDEX CORP Stock	call	161,700	$39.4M	+157,800
COFCAPITAL ONE FINL CORP COM	call	217,000	$38.9M	+213,000
UNHUNITEDHEALTH GROUP INC COM	put	73,500	$38.5M	-57,600
TLTISHARES TR 20 YR TR BD ETF	put	421,800	$38.4M	+2,900
TGTTARGET CORP Stock	put	364,800	$38.1M	+27,400
GDXVANECK ETF TRUST GOLD MINERS ETF	call	818,900	$37.6M	+363,400
WFCWELLS FARGO & CO COM	put	510,100	$36.6M	+79,800
PGPROCTER & GAMBLE CO COM	put	212,400	$36.2M	+84,000
LOWLOWES COS INC COM	put	154,600	$36.1M	+18,100
LLYELI LILLY & CO COM	put	43,500	$35.9M	0
ABTABBOTT LABORATORIES COM	put	266,500	$35.4M	+128,100
REGNREGENERON PHARMACEUTICALS Stock	put	55,400	$35.1M	-2,700
APOAPOLLO GLOBAL MGMT INC Stock	call	256,500	$35.1M	+231,100
KWEBKRANESHARES TRUST CSI CHI INTERNET	put	1,000,000	$34.9M	+974,800

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
INFINERA CORPINFINERA CORP BOND	principal	54,627,000	$69.9M	new
WOLFSPEED INCWOLFSPEED INC NOTE 1.750% 5/0	principal	100,970,000	$64.1M	+43,000,000
CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1	principal	50,500,000	$50.8M	+47,000,000
JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1	principal	47,500,000	$49.3M	+26,000,000
Dropbox IncDropbox Inc Convertible bond	principal	37,500,000	$37M	+12,000,000
INFINERA CORPINFINERA CORP BOND	principal	26,000,000	$31.3M	+25,000,000
BLOOM ENERGY CORPBLOOM ENERGY CORP Bond	principal	22,818,000	$29.9M	+12,818,000
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1	principal	25,000,000	$26M	new
PG&E CORPPG&E CORP NOTE 4.250%12/0	principal	23,500,000	$24.9M	-11,570,000
SABRE GLBL INCSABRE GLBL INC BOND	principal	22,669,000	$22.6M	-2,000,000
MIDDLEBY CORPMIDDLEBY CORP NOTE 1.000% 9/0	principal	15,500,000	$18.7M	+2,000,000
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0	principal	18,000,000	$17.6M	-21,000,000
AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0	principal	13,500,000	$13.5M	new
ANYWHERE REAL ESTATE GROUP LANYWHERE REAL ESTATE GROUP L CNV	principal	13,000,000	$12.2M	+8,000,000
WOLFSPEED INCWOLFSPEED INC NOTE 0.250% 2/1	principal	45,168,000	$12M	+10,168,000
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1	principal	10,000,000	$9.73M	+5,000,000
BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0	principal	10,000,000	$9.1M	0
VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0	principal	8,500,000	$8.19M	new
REDFIN CORPREDFIN CORP NOTE 0.500% 4/0	principal	7,000,000	$6.17M	-14,000,000
FIVE9 INCFIVE9 INC CNV	principal	3,500,000	$2.99M	new

Sold out in Q1 2025

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

The largest 100 of 708. All 708

Security	Shares before	Value before	Type
SBUXSTARBUCKS CORP	3,619,411	$330M	shares
PNCPNC FINL SVCS GROUP INC	1,420,065	$274M	shares
ANETARISTA NETWORKS INC	2,336,033	$258M	shares
IJHISHARES TR	3,642,109	$227M	shares
TERTERADYNE INC	1,522,537	$192M	shares
ESSESSEX PPTY TR INC	570,786	$163M	shares
HSYHERSHEY CO	923,700	$156M	call
QQQINVESCO QQQ TR	293,186	$150M	shares
EXCEXELON CORP	3,878,612	$146M	shares
AIGAMERICAN INTL GROUP INC	1,858,862	$135M	shares
MICROSTRATEGY INCMICROSTRATEGY INC	62,500,000	$129M	principal
EXPEEXPEDIA GROUP INC	660,934	$123M	shares
LQDISHARES TR	1,125,000	$120M	put
EGPEASTGROUP PPTYS INC	718,895	$115M	shares
ALLALLSTATE CORP	529,328	$102M	shares
IWMISHARES TR	445,398	$98.4M	shares
SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A)	1,742,268	$97.6M	shares
HCAHCA HEALTHCARE INC	320,000	$96M	call
TXTTEXTRON INC	1,236,441	$94.6M	shares
DLRDIGITAL RLTY TR INC	530,953	$94.2M	shares
XPOXPO INC	706,952	$92.7M	shares
ZIONZIONS BANCORPORATION NATL AS	1,624,521	$88.1M	shares
CPTCAMDEN PPTY TR	749,607	$87M	shares
SUMMIT MATERIALS INC CLASS ASUMMIT MATERIALS INC CLASS A	1,617,153	$81.8M	shares
USFDUS FOODS HLDG CORP	1,190,064	$80.3M	shares
CGCARLYLE GROUP INC	1,579,178	$79.7M	shares
FTVFORTIVE CORP	1,013,191	$76M	shares
EDRENDEAVOR GROUP HLDGS INC	2,400,000	$75.1M	put
HUBSPOT INCHUBSPOT INC	28,453,000	$70.1M	principal
SEA LTDSEA LTD	54,500,000	$69.2M	principal
XMESPDR SERIES TRUST	1,171,400	$66.5M	put
VRSKVERISK ANALYTICS INC	224,419	$61.8M	shares
DECKDECKERS OUTDOOR CORP	300,356	$61M	shares
TPGTPG INC	941,823	$59.2M	shares
ENLINK MIDSTREAM LLCENLINK MIDSTREAM LLC	4,167,451	$59M	shares
INFINERA CORPINFINERA CORP	8,504,815	$57.9M	shares
RVMDREVOLUTION MEDICINES INC	1,302,848	$57M	shares
PG&E CORPPG&E CORP	1,102,000	$54.9M	shares
MCMOELIS & CO	723,384	$53.4M	shares
PVHPVH CORPORATION	504,713	$53.4M	shares
FBINFORTUNE BRANDS INNOVATIONS I	775,093	$53M	shares
WSOWATSCO INC	110,752	$52.5M	shares
EMBISHARES TR	560,000	$49.9M	put
BXMTBLACKSTONE MORTGAGE TRUST IN	2,832,587	$49.3M	shares
RHIROBERT HALF INC.	693,394	$48.9M	shares
RPMRPM INTL INC	391,171	$48.1M	shares
WSCWILLSCOT HLDGS CORP	1,419,751	$47.5M	shares
CMICUMMINS INC	134,052	$46.7M	shares
ELFE L F BEAUTY INC	363,312	$45.6M	shares
KEYSKEYSIGHT TECHNOLOGIES INC	270,235	$43.4M	shares
NCL CORP LTDNCL CORP LTD	29,999,000	$43M	principal
EDRENDEAVOR GROUP HLDGS INC	1,329,200	$41.6M	call
UNITY SOFTWARE INCUNITY SOFTWARE INC	45,000,000	$41M	principal
CNKCINEMARK HLDGS INC	1,299,028	$40.2M	shares
MELIMERCADOLIBRE INC	23,210	$39.5M	shares
JLLJONES LANG LASALLE INC	148,493	$37.6M	shares
LYVLIVE NATION ENTERTAINMENT IN	282,638	$36.6M	shares
HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC	38,200,000	$36.6M	principal
ARCH RESOURCES INCARCH RESOURCES INC	252,534	$35.7M	shares
BHPBHP BILLITON LIMITED	707,405	$34.5M	shares
KMXCARMAX INC	415,105	$33.9M	shares
AMCOR PLCAMCOR PLC	3,570,000	$33.6M	call
EXASEXACT SCIENCES CORP	593,319	$33.3M	shares
HEARTLAND FINL USA INCHEARTLAND FINL USA INC	534,503	$32.8M	shares
ARMKARAMARK	862,842	$32.2M	shares
HSYHERSHEY CO	189,757	$32.1M	shares
ICLRICON PUB LTD CO	151,343	$31.7M	shares
NOKNOKIA CORP	7,114,900	$31.5M	put
ASAMER SPORTS INC	1,105,151	$30.9M	shares
DELLDELL TECHNOLOGIES INC	266,800	$30.7M	call
NXTNEXTPOWER INC	837,067	$30.6M	shares
WCNWASTE CONNECTIONS INC	176,105	$30.2M	shares
ATIATI INC	537,700	$29.6M	shares
BRKRBRUKER CORP	500,285	$29.3M	shares
LINELINEAGE INC	499,367	$29.2M	shares
HBANHUNTINGTON BANCSHARES INC	1,773,784	$28.9M	shares
HTHTH WORLD GROUP LTD	871,595	$28.8M	shares
AONAON PLC	80,000	$28.7M	put
EFXEQUIFAX INC	111,469	$28.4M	shares
HPEHEWLETT PACKARD ENTERPRISE C	1,324,021	$28.3M	shares
CMCCOMMERCIAL METALS CO	568,095	$28.2M	shares
AYIACUITY INC	94,160	$27.5M	shares
KRCKILROY REALTY CORP	674,244	$27.3M	shares
LQDISHARES TR	250,000	$26.7M	shares
NOKNOKIA CORP	5,840,000	$25.9M	call
ALVAUTOLIV INC	274,541	$25.7M	shares
PKPARK HOTELS & RESORTS INC	1,818,769	$25.6M	shares
HSYHERSHEY CO	150,000	$25.4M	put
ONONON HLDG AG	461,656	$25.3M	shares
MATTERPORT INCMATTERPORT INC	5,305,154	$25.1M	shares
BLBLACKLINE INC	405,801	$24.7M	shares
INFINERA CORPINFINERA CORP	3,717,900	$24.4M	put
LNTALLIANT ENERGY CORP	412,521	$24.4M	shares
DXCMDEXCOM INC	312,975	$24.3M	shares
RHPRYMAN HOSPITALITY PPTYS INC	230,240	$24M	shares
ZUORA INCZUORA INC	2,398,713	$23.8M	shares
PTCPTC INC	128,770	$23.7M	shares
NINISOURCE INC	642,783	$23.6M	shares
FMCFMC CORP	484,040	$23.5M	shares
LYVLIVE NATION ENTERTAINMENT IN	177,500	$23M	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 0000950123-25-005606	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC