Skip to content
Disclosery

BlueCrest Capital Management Ltd

Follow

13F filer, CIK 1610880, ST HELIER, Jersey

BlueCrest Capital Management Ltd reported $2,624,703,390 across 111 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 59.3% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000905148-25-002935

Period
2025-06-30
Reported value
$2.62B
Holdings
111
Top 10 weight
59.3%
New
62
Sold out
25

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NVDAnew+649,956$103M
HYGadded+1,210,000$97.6M
IBITadded+1,370,824$83.9M
UNHnew+137,591$42.9M
FISVnew+178,914$30.8M

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

SecurityShares changeApprox. value
ASHRexited-5,829,592-$155M
SPYreduced-108,154-$66.8M
TSMexited-330,093-$54.8M
GLDreduced-67,231-$20.5M
KWEBreduced-233,000-$8M

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, Q2 2025

Share positions as resolved from 13F-HR 0000905148-25-002935, largest first. % of portfolio is the value over $901,103,056, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 77,000 shares; 2024Q4: 1,181,027 shares; 2025Q1: 361,040 shares; 2025Q2: 1,731,864 shares 1,731,864$106M11.76%+1,370,824Timeline
HYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,801 shares; 2024Q4: 258,772 shares; 2025Q1: 64,800 shares; 2025Q2: 1,274,800 shares 1,274,800$103M11.41%+1,210,000Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 649,956 shares 649,956$103M11.4%newTimeline
CRTOCRITEO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,260,000 shares; 2024Q4: 2,260,000 shares; 2025Q1: 2,260,000 shares; 2025Q2: 2,260,000 shares 2,260,000$54.1M6.01%0Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 137,591 shares 137,591$42.9M4.76%newTimeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 178,914 shares 178,914$30.8M3.42%newTimeline
ETHAISHARES ETHEREUM TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,500,000 shares 1,500,000$28.6M3.17%newTimeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 23,100 shares; 2025Q2: 211,574 shares 211,574$24M2.66%+188,474Timeline
RITMRITHM CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,134,661 shares; 2024Q4: 2,134,661 shares; 2025Q1: 2,134,661 shares; 2025Q2: 1,886,208 shares 1,886,208$21.3M2.36%-248,453Timeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 264,200 shares 264,200$21M2.33%newTimeline
GMEGAMESTOP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 860,585 shares 860,585$21M2.33%newTimeline
DALDELTA AIR LINES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 417,798 shares 417,798$20.5M2.28%newTimeline
BTSGBRIGHTSPRING HEALTH SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,244 shares; 2024Q4: 100,653 shares; 2025Q1: 168,799 shares; 2025Q2: 236,886 shares 236,886$19.6M2.17%+68,087Timeline
SHIFT4 PMTS INCSHIFT4 PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 150,179 shares 150,179$17.3M1.92%new
ETORETORO GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 252,000 shares 252,000$16.8M1.86%newTimeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 114,709 shares; 2025Q2: 47,478 shares 47,478$14.5M1.61%-67,231Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 559,824 shares; 2024Q4: 141,584 shares; 2025Q1: 346,652 shares; 2025Q2: 278,731 shares 278,731$13.1M1.46%-67,921Timeline
HEWLETT PACKARD ENTERPRISE CHEWLETT PACKARD ENTERPRISE CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 338,692 shares; 2024Q4: 50,398 shares; 2025Q1: 149,373 shares; 2025Q2: 208,790 shares 208,790$12.3M1.36%+59,417
APOLLO GLOBAL MGMT INCAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,790 shares; 2024Q4: 64,115 shares; 2025Q1: 16,129 shares; 2025Q2: 143,239 shares 143,239$10.7M1.19%+127,110
ARES MANAGEMENT CORPORATIONARES MANAGEMENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 304,460 shares; 2025Q1: not reported; 2025Q2: 174,944 shares 174,944$9.27M1.03%new
PG&E CORPPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 468,706 shares; 2025Q1: 20,138 shares; 2025Q2: 245,267 shares 245,267$9.22M1.02%+225,129
KRMNKARMAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 180,000 shares 180,000$9.07M1.01%+30,000Timeline
KKR & CO INCKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 278,155 shares; 2025Q2: 149,308 shares 149,308$8M0.89%-128,847
CHYMCHIME FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 225,000 shares 225,000$7.76M0.86%newTimeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,337 shares 9,337$7.28M0.81%newTimeline
KWEBKRANESHARES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 416,000 shares; 2024Q4: 416,000 shares; 2025Q1: 441,000 shares; 2025Q2: 208,000 shares 208,000$7.14M0.79%-233,000Timeline
QXO INCQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 104,022 shares 104,022$6.45M0.72%new
XLUSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 55,288 shares; 2025Q2: 77,621 shares 77,621$6.34M0.7%+22,333Timeline
BAPRABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 212,160 shares; 2025Q1: 78,376 shares; 2025Q2: 89,934 shares 89,934$6.12M0.68%+11,558Timeline
NEXTERA ENERGY INCNEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 132,314 shares; 2025Q1: 86,790 shares; 2025Q2: 153,583 shares 153,583$6.1M0.68%+66,793
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 117,163 shares; 2025Q2: 9,009 shares 9,009$5.57M0.62%-108,154Timeline
XLFSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,000 shares; 2024Q4: 609,000 shares; 2025Q1: 88,000 shares; 2025Q2: 88,000 shares 88,000$4.61M0.51%0Timeline
CHART INDS INCCHART INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,469 shares; 2024Q4: 37,704 shares; 2025Q1: 80,976 shares; 2025Q2: 75,925 shares 75,925$4.59M0.51%-5,051
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,765 shares 25,765$4.54M0.5%newTimeline
RDDTREDDIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: 30,000 shares; 2025Q1: 30,000 shares; 2025Q2: 30,000 shares 30,000$4.52M0.5%0Timeline
XLYSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,418 shares; 2025Q2: 20,591 shares 20,591$4.48M0.5%+9,173Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,913 shares 20,913$3.8M0.42%newTimeline
CRCLCIRCLE INTERNET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,000 shares 20,000$3.63M0.4%newTimeline
SJNKSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 129,687 shares 129,687$3.3M0.37%newTimeline
XLESELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 4,716 shares; 2025Q1: not reported; 2025Q2: 29,069 shares 29,069$2.47M0.27%newTimeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,003 shares 12,003$2.33M0.26%newTimeline
RBRKRUBRIK INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares 25,000$2.24M0.25%0Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,000 shares 4,000$2.21M0.24%newTimeline
BIDUBAIDU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,500 shares 24,500$2.1M0.23%newTimeline
INDAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 37,000 shares 37,000$2.06M0.23%newTimeline
EWZISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 70,000 shares 70,000$2.02M0.22%newTimeline
JUNIPER NETWORKS INCJUNIPER NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 69,420 shares; 2025Q1: not reported; 2025Q2: 43,500 shares 43,500$1.74M0.19%new
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,459 shares 7,459$1.53M0.17%newTimeline
GILDGILEAD SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,553 shares 13,553$1.5M0.17%newTimeline
PINSPINTEREST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 41,324 shares; 2025Q2: 41,324 shares 41,324$1.48M0.16%0Timeline
CWBSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 31,851 shares; 2025Q1: not reported; 2025Q2: 16,444 shares 16,444$1.36M0.15%newTimeline
XLPSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 31,290 shares; 2025Q2: 15,644 shares 15,644$1.27M0.14%-15,646Timeline
XLRESELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 60,198 shares; 2025Q2: 30,098 shares 30,098$1.25M0.14%-30,100Timeline
XLVSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 17,272 shares; 2025Q2: 8,636 shares 8,636$1.16M0.13%-8,636Timeline
EISISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,000 shares 12,000$1.14M0.13%newTimeline
MFAMFA FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 167,160 shares; 2024Q4: 167,160 shares; 2025Q1: 167,160 shares; 2025Q2: 117,838 shares 117,838$1.11M0.12%-49,322Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 29,095 shares 29,095$950K0.11%newTimeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 15,800 shares; 2025Q1: 15,800 shares; 2025Q2: 15,800 shares 15,800$852K0.09%0Timeline
CLMTCALUMET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 50,000 shares; 2025Q1: 70,000 shares; 2025Q2: 48,000 shares 48,000$756K0.08%-22,000Timeline
GLXYGALAXY DIGITAL INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,231 shares 34,231$750K0.08%newTimeline
ALBEMARLE CORPALBEMARLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 219,339 shares; 2024Q4: 143,272 shares; 2025Q1: 37,610 shares; 2025Q2: 21,045 shares 21,045$676K0.07%-16,565
EIDOISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 36,000 shares 36,000$635K0.07%newTimeline
EWYISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,476 shares 7,476$537K0.06%newTimeline
MCHPMICROCHIP TECHNOLOGY INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,950 shares 5,950$419K0.05%newTimeline
KKELLANOVAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,000 shares 5,000$398K0.04%newTimeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: 3,000 shares; 2025Q1: 3,000 shares; 2025Q2: 3,000 shares 3,000$372K0.04%0Timeline
ATHMAUTOHOME INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,000 shares 8,000$206K0.02%newTimeline
WRDWERIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 18,678 shares 18,678$147K0.02%newTimeline

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).

SecurityTypeAmountValueChange
GLDSPDR GOLD TR GOLD SHScall1,250,000$381M+600,000
QQQINVESCO QQQ TR COMcall555,000$306M+110,000
GLDSPDR GOLD TR GOLD SHSput1,000,000$305M-75,000
MSTRSTRATEGY INC Stockcall540,000$218Mnew
IBITISHARES BITCOIN TRUST ETF SHScall2,418,000$148Mnew
GOOGALPHABET INC COMcall800,000$142Mnew
BABAALIBABA GROUP HLDG LTD SPONSORED ADScall490,000$55.6Mnew
QQQINVESCO QQQ TR COMput100,000$55.2M+50,000
METAMETA PLATFORMS INC COMcall45,000$33.2Mnew
SPYSTATE STR SPDR S&P 500 ETF T SHSput25,600$15.8M-29,400
EWZISHARES INC MSCI BRAZIL ETFcall250,000$7.21Mnew
KWEBKRANESHARES TRUST CSI CHI INTERNETcall200,000$6.87Mnew
SLVISHARES SILVER TR COMcall200,000$6.56Mnew
LQDISHARES TR SHSput50,000$5.48Mnew
IWMISHARES TR SHSput23,800$5.14M-16,200
NUNU HLDGS LTD ORD SHS CL Acall330,000$4.53Mnew
TLTISHARES TR 20 YR TR BD ETFcall50,000$4.41M-25,000
IWMISHARES TR SHScall20,000$4.32Mnew
HYGISHARES TR IBOXX HI YD ETFput48,400$3.9M-1,600
KBESPDR SERIES TRUST ST STR SP BANKcall40,500$2.26Mnew
JUNIPER NETWORKS INCJUNIPER NETWORKS INC COMput54,600$2.18Mnew
KKELLANOVA COMcall20,000$1.59Mnew
HMCHONDA MOTOR CO LTD ADRput50,000$1.44Mnew
AMDADVANCED MICRO DEVICES INC COMcall10,000$1.42Mnew
IBITISHARES BITCOIN TRUST ETF SHSput21,000$1.29M-18,000
MUMICRON TECHNOLOGY INC COMput10,000$1.23M0
KHCKRAFT HEINZ CO Stockcall40,000$1.03Mnew
GMGENERAL MTRS CO Stockput20,000$984Knew
INTCINTEL CORP COMcall20,000$448K+5,000
OXYOCCIDENTAL PETE CORP COMcall10,000$420Knew
FMCFMC CORP Stockcall7,500$313Knew
JUNIPER NETWORKS INCJUNIPER NETWORKS INC COMcall7,300$291Knew
IRENIREN LIMITED STOKput20,000$291Knew

Principal amounts

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

SecurityTypeAmountValueChange
ITRON INCITRON INC NOTE 3/1principal14,080,000$16M+7,080,000
ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0principal10,000,000$12.7Mnew
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0principal9,978,000$9.7M+7,095,000
PG&E CORPPG&E CORP NOTE 4.250%12/0principal8,054,000$8Mnew
ITRON INCITRON INC NOTE 1.375% 7/1principal6,000,000$7.15Mnew
NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0principal4,300,000$4.88M0
COLLEGIUM PHARMACEUTICAL INCCOLLEGIUM PHARMACEUTICAL INC NOTE 2.875% 2/1principal2,500,000$2.71M0
CIPHER DIGITAL INCCIPHER DIGITAL INC NOTE 1.750% 5/1principal1,000,000$1.27Mnew
INNOVATE CORPINNOVATE CORP NOTE 7.500% 8/0principal1,383,000$724K0
WOLFSPEED INCWOLFSPEED INC NOTE 1.875%12/0principal1,500,000$381K-1,000,000

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
ASHRDBX ETF TR25,650,000$682Mcall
ASHRDBX ETF TR5,829,592$155Mshares
ASHRDBX ETF TR4,455,100$118Mput
DIASTATE STR SPDR DOW JONES IND180,000$75.6Mput
TSMTAIWAN SEMICONDUCTOR MANUFAC330,093$54.8Mshares
INTERDIGITAL INCINTERDIGITAL INC12,400,000$33.3Mprincipal
EWGISHARES INC400,000$14.8Mput
EEMISHARES TR275,000$12Mput
MSFTMICROSOFT CORP24,700$9.27Mcall
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC6,945,000$6.61Mprincipal
STRKSTRATEGY INC70,438$5.92Mshares
Dynavax Technologies CorpDynavax Technologies Corp3,500,000$3.47Mprincipal
AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC2,388,000$2.38Mprincipal
IWMISHARES TR9,200$1.84Mshares
SIRISIRIUSXM HOLDINGS INC75,000$1.69Mput
SAROSTANDARDAERO INC50,000$1.33Mshares
ETSYETSY INC20,000$944Kcall
IONSIONIS PHARMACEUTICALS INC24,800$748Kshares
ASMLASML HLDG NV996$660Kshares
BABOEING CO2,500$426Kcall
ZIMZIM INTEGRATED SHIPPING SERV20,000$292Kcall
SIRISIRIUSXM HOLDINGS INC10,000$225Kshares
MSFTMICROSOFT CORP600$225Kshares
BTDRBITDEER TECHNOLOGIES GROUP22,300$197Kshares
OSCROSCAR HEALTH INC10,000$131Kcall

How Q2 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000905148-25-002935 base2025-08-14acceptance time not in the bulk data set