BTG Pactual Asset Management US LLC

13F filer, CIK 1569579, NEW YORK, NY

BTG Pactual Asset Management US LLC reported $934,243,431 across 268 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 47.21% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001085146-25-003224

Period: 2025-03-31
Reported value: $934M
Holdings: 268
Top 10 weight: 47.21%
New: 80
Sold out: 91

Part of the filer group BTG Pactual Asset Management US LLC

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
SPYadded	+76,274	$42.7M
IWFadded	+46,187	$16.7M
CORZadded	+1,300,000	$9.41M
JPMadded	+31,921	$7.83M
NBISnew	+350,000	$7.39M

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
WDCexited	-400,000	-$23.9M
ACIexited	-1,201,383	-$23.6M
HHHexited	-240,879	-$18.5M
BRK-Breduced	-21,762	-$11.6M
EXCreduced	-234,507	-$10.8M

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, Q1 2025

Share positions as resolved from 13F-HR 0001085146-25-003224, largest first. % of portfolio is the value over $770,555,400, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	204,115	$114M	14.82%	+76,274	Timeline
IWFISHARES TR	177,976	$64.3M	8.34%	+46,187	Timeline
GOOGALPHABET INC	260,301	$40.7M	5.28%	+43,586	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	49,821	$26.5M	3.44%	-21,762	Timeline
MGVVANGUARD WORLD FD	187,915	$24.2M	3.14%	+2,828	Timeline
CPRICAPRI HOLDINGS LIMITED	1,102,148	$21.7M	2.82%	+272,587	Timeline
MGKVANGUARD WORLD FD	67,306	$20.8M	2.7%	+445	Timeline
VGKVANGUARD INTL EQUITY INDEX F	290,425	$20.4M	2.65%	+8,264	Timeline
CORZCORE SCIENTIFIC INC NEW	2,500,000	$18.1M	2.35%	+1,300,000	Timeline
NVDANVIDIA CORPORATION	119,015	$12.9M	1.67%	+36,196	Timeline
JPMJPMORGAN CHASE & CO	49,791	$12.2M	1.59%	+31,921	Timeline
AMZNAMAZON COM INC	63,538	$12.1M	1.57%	+14,311	Timeline
XLVSELECT SECTOR SPDR TR	77,818	$11.4M	1.47%	+43,551	Timeline
XLFSELECT SECTOR SPDR TR	224,266	$11.2M	1.45%	+110,725	Timeline
MSFTMICROSOFT CORP	28,442	$10.7M	1.39%	+6,456	Timeline
VOVANGUARD INDEX FDS	36,918	$9.55M	1.24%	+296	Timeline
VWOVANGUARD INTL EQUITY INDEX F	204,764	$9.27M	1.2%	+8,798	Timeline
GLDSPDR GOLD TR	31,622	$9.11M	1.18%	-281	Timeline
METAMETA PLATFORMS INC	14,197	$8.18M	1.06%	+1,174	Timeline
PBRPETROLEO BRASILEIRO S A	564,270	$8.09M	1.05%	0	Timeline
EWJISHARES INC	113,611	$7.79M	1.01%	+3,000	Timeline
PCGPG&E CORP	441,799	$7.59M	0.99%	-283,793	Timeline
NBISNEBIUS GROUP N.V.	350,000	$7.39M	0.96%	new	Timeline
XELXCEL ENERGY INC	101,528	$7.19M	0.93%	+3,956	Timeline
ITUBITAU UNIBANCO HLDG S A	1,304,671	$7.18M	0.93%	+118,577	Timeline
FEFIRSTENERGY CORP	177,447	$7.17M	0.93%	-17,106	Timeline
VBVANGUARD INDEX FDS	29,728	$6.59M	0.86%	+415	Timeline
VSTVISTRA CORP	54,367	$6.38M	0.83%	+32,277	Timeline
DUKDUKE ENERGY CORP NEW	50,496	$6.16M	0.8%	-52,455	Timeline
HESS CORPHESS CORP	38,555	$6.16M	0.8%	0
NOWSERVICENOW INC	7,635	$6.08M	0.79%	+5,810	Timeline
CNPCENTERPOINT ENERGY INC	166,398	$6.03M	0.78%	+96,778	Timeline
PPLPPL CORP	165,109	$5.96M	0.77%	new	Timeline
KKELLANOVA	71,771	$5.92M	0.77%	+10,000	Timeline
SRESEMPRA	77,863	$5.56M	0.72%	+27,352	Timeline
VFHVANGUARD WORLD FD	43,555	$5.2M	0.68%	-530	Timeline
AEEAMEREN CORP	51,417	$5.16M	0.67%	new	Timeline
VHTVANGUARD WORLD FD	18,955	$5.02M	0.65%	+229	Timeline
AVGOBROADCOM INC	29,062	$4.87M	0.63%	+19,834	Timeline
VALEVALE S A	480,616	$4.8M	0.62%	+640	Timeline
DDOMINION ENERGY INC	82,769	$4.64M	0.6%	new	Timeline
MELIMERCADOLIBRE INC	2,082	$4.06M	0.53%	-431	Timeline
NUNU HLDGS LTD	385,544	$3.95M	0.51%	0	Timeline
CEGCONSTELLATION ENERGY CORP	19,490	$3.93M	0.51%	+6,429	Timeline
EMLPFIRST TR EXCHANGE-TRADED FD	102,722	$3.85M	0.5%	+4,136	Timeline
BACBANK OF AMER CORP	91,718	$3.83M	0.5%	+65,947	Timeline
VOXVANGUARD WORLD FD	25,506	$3.78M	0.49%	-182	Timeline
VGTVANGUARD WORLD FD	6,876	$3.73M	0.48%	+983	Timeline
DIASTATE STR SPDR DOW JONES IND	8,695	$3.65M	0.47%	new	Timeline
VNQVANGUARD INDEX FDS	39,920	$3.61M	0.47%	+13,671	Timeline
ENICENEL CHILE SA	1,089,800	$3.56M	0.46%	0	Timeline
CRWDCROWDSTRIKE HLDGS INC	10,091	$3.56M	0.46%	-4,653	Timeline
XLESELECT SECTOR SPDR TR	37,696	$3.52M	0.46%	new	Timeline
EPPISHARES INC	79,598	$3.51M	0.46%	+2,044	Timeline
LQDISHARES TR	32,174	$3.5M	0.45%	-61,394	Timeline
STIPISHARES TR	32,843	$3.4M	0.44%	+305	Timeline
MLPXGLOBAL X FDS	52,696	$3.36M	0.44%	+5,437	Timeline
ETRENTERGY CORP NEW	35,655	$3.05M	0.4%	new	Timeline
AWKAMERICAN WTR WKS CO INC NEW	20,105	$2.97M	0.38%	new	Timeline
SBSCOMPANHIA DE SANEAMENTO BASI	154,370	$2.76M	0.36%	0	Timeline
MCOMOODYS CORP	5,800	$2.7M	0.35%	new	Timeline
VTEBVANGUARD MUN BD FDS	53,771	$2.67M	0.35%	+35,070	Timeline
FDXFEDEX CORP	10,759	$2.62M	0.34%	+6,770	Timeline
RPRXROYALTY PHARMA PLC	76,943	$2.4M	0.31%	-11,641	Timeline
UNHUNITEDHEALTH GROUP INC	4,471	$2.34M	0.3%	+798	Timeline
SQMSOCIEDAD QUIMICA Y MINERA DE	58,700	$2.33M	0.3%	-103	Timeline
SYKSTRYKER CORPORATION	6,056	$2.25M	0.29%	+521	Timeline
MUNIPIMCO ETF TR	43,332	$2.23M	0.29%	+18,599	Timeline
LLYELI LILLY & CO	2,683	$2.22M	0.29%	+556	Timeline
FXIISHARES TR	61,004	$2.19M	0.28%	+44,837	Timeline
GGBGERDAU SA	765,924	$2.18M	0.28%	0	Timeline
URIUNITED RENTALS INC	3,354	$2.1M	0.27%	+3	Timeline
ABBVABBVIE INC	9,838	$2.06M	0.27%	+2,035	Timeline
CMSCMS ENERGY CORP	27,178	$2.04M	0.26%	-40,196	Timeline
DISCOVER FINL SVCSDISCOVER FINL SVCS	11,893	$2.03M	0.26%	-3,303
MAMASTERCARD INCORPORATED	3,672	$2.01M	0.26%	-3,373	Timeline
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	15,000	$1.98M	0.26%	new
TKOTKO GROUP HOLDINGS INC	12,898	$1.97M	0.26%	new	Timeline
IBBISHARES TR	15,193	$1.94M	0.25%	+1,749	Timeline
XPXP INC	140,008	$1.93M	0.25%	new	Timeline
HCAHCA HEALTHCARE INC	5,522	$1.91M	0.25%	+566	Timeline
TIGOMILLICOM INTL CELLULAR S A	62,807	$1.9M	0.25%	+8,989	Timeline
INTRINTER & CO INC	346,089	$1.9M	0.25%	new	Timeline
CMCANADIAN IMPERIAL BANK OF CO	33,320	$1.88M	0.24%	+13,220	Timeline
AAPLAPPLE INC	8,337	$1.85M	0.24%	-16,437	Timeline
FYBRFRONTIER COMMUNICATIONS PARE	50,000	$1.79M	0.23%	new	Timeline
SUZSUZANO S A	182,120	$1.69M	0.22%	0	Timeline
EXCEXELON CORP	33,257	$1.53M	0.2%	-234,507	Timeline
DHRDANAHER CORP DEL	7,280	$1.49M	0.19%	+1,353	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	8,830	$1.47M	0.19%	-11,394	Timeline
VTIVANGUARD INDEX FDS	5,260	$1.45M	0.19%	0	Timeline
MRKMERCK & CO INC	15,957	$1.43M	0.19%	+3,712	Timeline
KKRKKR & CO INC	12,366	$1.43M	0.19%	new	Timeline
CATCATERPILLAR INC	4,298	$1.42M	0.18%	-5,668	Timeline
WTWWILLIS TOWERS WATSON PLC LTD	4,010	$1.36M	0.18%	-1,290	Timeline
BABAALIBABA GROUP HLDG LTD	10,101	$1.34M	0.17%	-1,467	Timeline
CSANYCOSAN S A	247,680	$1.29M	0.17%	0	Timeline
USHYISHARES TR	35,051	$1.29M	0.17%	+25,399	Timeline
VIGVANGUARD SPECIALIZED FUNDS	5,985	$1.16M	0.15%	0	Timeline
JUNIPER NETWORKS INCJUNIPER NETWORKS INC	30,801	$1.11M	0.14%	+10,801
BBDBANCO BRADESCO S A	494,580	$1.1M	0.14%	0	Timeline
SPRSPIRIT AEROSYSTEMS HLDGS INC	30,000	$1.03M	0.13%	new	Timeline
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR	15,365	$994K	0.13%	new
FROFRONTLINE PLC	66,858	$993K	0.13%	new	Timeline
PYPLPAYPAL HLDGS INC	14,737	$962K	0.12%	new	Timeline
EUFNISHARES TR	32,563	$928K	0.12%	+27,988	Timeline
FLUTFLUTTER ENTMT PLC	4,174	$925K	0.12%	0	Timeline
GEVGE VERNOVA INC	3,001	$916K	0.12%	-4,367	Timeline
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS	29,076	$790K	0.1%	-14,336
BLKBLACKROCK INC	797	$754K	0.1%	-808	Timeline
AMLPALPS ETF TR	13,499	$701K	0.09%	-1,158	Timeline
SUSUNCOR ENERGY INC NEW	17,120	$663K	0.09%	new	Timeline
VVISA INC	1,851	$649K	0.08%	-6,094	Timeline
GGALGRUPO FINANCIERO GALICIA S.A	11,640	$634K	0.08%	+6,578	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	1,842	$623K	0.08%	-14
NRGNRG ENERGY INC	6,475	$618K	0.08%	new	Timeline
XBISPDR SERIES TRUST	7,618	$618K	0.08%	-1,879	Timeline
EQTEQT CORP	10,793	$577K	0.07%	new	Timeline
GOOGLALPHABET INC	3,713	$574K	0.07%	-1,640	Timeline
BLACKROCK MUNIHOLDINGS QUAL…BLACKROCK MUNIHOLDINGS QUALITY	56,257	$563K	0.07%	-31,244
VTVVANGUARD INDEX FDS	3,181	$549K	0.07%	0	Timeline
BLWBLACKROCK LTD DURATION INCOM	37,630	$532K	0.07%	-5,400	Timeline
LPLALPL FINL HLDGS INC	1,600	$523K	0.07%	+300	Timeline
CNQCANADIAN NAT RES LTD MED TER	16,718	$515K	0.07%	new	Timeline
ANSYS INCANSYS INC	1,604	$508K	0.07%	-832
PREFPRINCIPAL EXCHANGE TRADED FD	25,772	$482K	0.06%	+9,010	Timeline
IEMGISHARES INC	8,859	$478K	0.06%	-1,465	Timeline
IVVISHARES TR	814	$457K	0.06%	-3,387	Timeline
CRMSALESFORCE INC	1,703	$457K	0.06%	-6,599	Timeline
PEPPEPSICO INC	2,930	$439K	0.06%	-5,336	Timeline
BLACKROCK MUNICIPAL INCOME …BLACKROCK MUNICIPAL INCOME QUA	38,860	$419K	0.05%	-45,531
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	37,184	$415K	0.05%	new
HDVISHARES TR	3,337	$404K	0.05%	0	Timeline
TJXTJX COS INC NEW	3,227	$393K	0.05%	-2,684	Timeline
GEGE AEROSPACE	1,955	$391K	0.05%	-504	Timeline
HDHOME DEPOT INC	1,058	$388K	0.05%	0	Timeline
HYGISHARES TR	4,903	$387K	0.05%	0	Timeline
IGSBISHARES TR	6,407	$336K	0.04%	0	Timeline
GSGOLDMAN SACHS GROUP INC	577	$315K	0.04%	-1,951	Timeline
IGIBISHARES TR	5,942	$312K	0.04%	0	Timeline
NXDTNEXPOINT DIVERSIFIED REL ET	80,997	$310K	0.04%	+1,823	Timeline
VEEVVEEVA SYS INC	1,339	$310K	0.04%	0	Timeline
EQIXEQUINIX INC	346	$282K	0.04%	-1,683	Timeline
CCITIGROUP INC	3,957	$281K	0.04%	-21,668	Timeline
ILFISHARES TR	11,893	$280K	0.04%	0	Timeline
CMECME GROUP INC	1,047	$278K	0.04%	-1,551	Timeline
UBERUBER TECHNOLOGIES INC	3,762	$274K	0.04%	-50,366	Timeline
DVYISHARES TR	2,040	$274K	0.04%	0	Timeline
SHOPSHOPIFY INC	2,836	$271K	0.04%	0	Timeline
DVADAVITA INC	1,740	$266K	0.03%	+235	Timeline
BONDPIMCO ETF TR	2,839	$263K	0.03%	-2,650	Timeline
BGBBLACKSTONE STRATEGIC CRED 20	20,879	$252K	0.03%	+1,481	Timeline
LMTLOCKHEED MARTIN CORP	564	$252K	0.03%	+67	Timeline
HYEMVANECK ETF TRUST	12,821	$252K	0.03%	-4,427	Timeline
FCXFREEPORT MCMORAN INC	6,553	$248K	0.03%	-11,454	Timeline
SPHDINVESCO EXCH TRADED FD TR II	4,877	$245K	0.03%	0	Timeline
WFCWELLS FARGO & CO	3,335	$239K	0.03%	-63,947	Timeline
VXUSVANGUARD STAR FDS	3,805	$236K	0.03%	0	Timeline
TWLOTWILIO INC	2,338	$229K	0.03%	new	Timeline
URTHISHARES INC	1,470	$225K	0.03%	0	Timeline
MDYSTATE STR SPDR S&P MIDCAP 40	410	$219K	0.03%	0	Timeline
OXYOCCIDENTAL PETE CORP	4,381	$216K	0.03%	-21,228	Timeline
VTVANGUARD INTL EQUITY INDEX F	1,834	$213K	0.03%	+129	Timeline
TTDTHE TRADE DESK INC	3,863	$211K	0.03%	+540	Timeline
ANETARISTA NETWORKS INC	2,687	$208K	0.03%	-18,831	Timeline
MQYBLACKROCK MUNIYILD QULT FD I	16,937	$198K	0.03%	-40,000	Timeline
IBMINTERNATIONAL BUSINESS MACHS	715	$178K	0.02%	-487	Timeline
EWYISHARES INC	3,168	$171K	0.02%	-865	Timeline
USMVISHARES TR	1,760	$165K	0.02%	0	Timeline
GDXVANECK ETF TRUST	3,582	$165K	0.02%	+126	Timeline
VCRVANGUARD WORLD FD	440	$143K	0.02%	0	Timeline
STLASTELLANTIS N.V	11,993	$133K	0.02%	new	Timeline
VTRSVIATRIS INC	15,178	$132K	0.02%	new	Timeline
VDEVANGUARD WORLD FD	960	$125K	0.02%	+4	Timeline
BKLNINVESCO EXCH TRADED FD TR II	5,870	$122K	0.02%	0	Timeline
XLUSELECT SECTOR SPDR TR	1,530	$121K	0.02%	new	Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBAL	10,000	$120K	0.02%	new
VOOVANGUARD INDEX FDS	211	$108K	0.01%	+48	Timeline
AXPAMERICAN EXPRESS CO	397	$107K	0.01%	new	Timeline
IWBISHARES TR	332	$102K	0.01%	0	Timeline
PFFISHARES TR	2,692	$82.7K	0.01%	-7,467	Timeline
MINABERDEEN INTER INCOME FD	28,615	$77K	0.01%	0	Timeline
TELFYTELEFONICA SA-SPON ADR	16,333	$76.1K	0.01%	-1,616	Timeline
XLISELECT SECTOR SPDR TR	558	$73.1K	0.01%	0	Timeline
IEVISHARES TR	1,178	$68.6K	0.01%	+134	Timeline
QUALISHARES TR	394	$67.3K	0.01%	0	Timeline
ACPABRDN INCOME CREDIT STRATEGI	10,360	$61K	0.01%	-5,680	Timeline
XRXXEROX HOLDINGS CORP	10,198	$49.3K	0.01%	new	Timeline
XLYSELECT SECTOR SPDR TR	238	$47K	0.01%	0	Timeline
XLKSELECT SECTOR SPDR TR	205	$42.3K	0.01%	-399	Timeline
QQQINVESCO QQQ TR	79	$37K	<0.01%	-4,922	Timeline
VPLVANGUARD INTL EQUITY INDEX F	477	$34.6K	<0.01%	+3	Timeline
ENFRALPS ETF TR	1,009	$33.1K	<0.01%	0	Timeline
AAXJISHARES TR	442	$32.7K	<0.01%	0	Timeline
EEMISHARES TR	682	$29.8K	<0.01%	+156	Timeline
FXEINVESCO CURRENCYSHARES EURO	286	$28.6K	<0.01%	new	Timeline
XLCSELECT SECTOR SPDR TR	292	$28.2K	<0.01%	0	Timeline
IHAKISHARES TR	500	$23.5K	<0.01%	0	Timeline
IXCISHARES TR	489	$20.6K	<0.01%	-117	Timeline
FLOTISHARES TR	393	$20.1K	<0.01%	0	Timeline
XLBSELECT SECTOR SPDR TR	205	$17.6K	<0.01%	0	Timeline
JPXNISHARES TR	236	$17.2K	<0.01%	+31	Timeline
XLRESELECT SECTOR SPDR TR	353	$14.8K	<0.01%	0	Timeline
EZUISHARES INC	213	$11.3K	<0.01%	0	Timeline
VXFVANGUARD INDEX FDS	54	$9.3K	<0.01%	0	Timeline
EWLISHARES INC	176	$9.12K	<0.01%	0	Timeline
KBESPDR SERIES TRUST	128	$6.78K	<0.01%	0	Timeline
IHEISHARES TR	87	$6.14K	<0.01%	0	Timeline
CLCOLGATE PALMOLIVE CO	49	$4.59K	<0.01%	new	Timeline
MCHIISHARES TR	58	$3.15K	<0.01%	0	Timeline
TANINVESCO EXCH TRADED FD TR II	19	$579	<0.01%	0	Timeline
XMESPDR SERIES TRUST	3	$168	<0.01%	new	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).

Security	Type	Amount	Value	Change
GLDSPDR GOLD TR GOLD SHS	put	60,000	$17.3M	new
GLDSPDR GOLD TR GOLD SHS	call	60,000	$17.3M	new
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	25,800	$14.4M	-8,000
PEPPEPSICO INC COM	put	45,900	$6.88M	new
PEPPEPSICO INC COM	call	45,900	$6.88M	new
QQQINVESCO QQQ TR COM	put	11,700	$5.49M	new
CLCOLGATE PALMOLIVE CO Stock	put	52,900	$4.96M	new
CLCOLGATE PALMOLIVE CO Stock	call	52,900	$4.96M	new
PYPLPAYPAL HLDGS INC STOK	put	70,000	$4.57M	new
PYPLPAYPAL HLDGS INC STOK	call	70,000	$4.57M	new
FEZSPDR INDEX SHS FDS EURO STOXX 50	put	82,500	$4.49M	new
NVDANVIDIA CORPORATION COM	call	40,600	$4.4M	new
AVGOBROADCOM INC COM	put	25,000	$4.19M	0
AVGOBROADCOM INC COM	call	25,000	$4.19M	0
NVDANVIDIA CORPORATION COM	put	37,500	$4.06M	new
BABAALIBABA GROUP HLDG LTD SPONSORED ADS	put	30,000	$3.97M	new
BABAALIBABA GROUP HLDG LTD SPONSORED ADS	call	30,000	$3.97M	new
FDXFEDEX CORP Stock	put	12,400	$3.02M	0
FDXFEDEX CORP Stock	call	12,400	$3.02M	0
ASHRDBX ETF TR XTRACK HRVST CSI	call	108,000	$2.87M	-19,600
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC COM	put	254,000	$2.84M	new
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC COM	call	254,000	$2.84M	new
EAELECTRONIC ARTS INC Stock	put	18,600	$2.69M	new
EAELECTRONIC ARTS INC Stock	call	18,600	$2.69M	new
METAMETA PLATFORMS INC COM	call	4,500	$2.59M	new
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS	call	14,300	$2.37M	new
EUFNISHARES TR MSCI EURO FL ETF	put	75,000	$2.14M	new
NUNU HLDGS LTD ORD SHS CL A	put	199,100	$2.04M	new
NUNU HLDGS LTD ORD SHS CL A	call	199,100	$2.04M	new
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS	put	11,400	$1.89M	+2,600
ADBEADOBE INC COM	call	4,700	$1.8M	new
SPYSTATE STR SPDR S&P 500 ETF T SHS	call	2,800	$1.57M	-64,400
EFAISHARES TR MSCI EAFE ETF	put	16,500	$1.35M	new
LMTLOCKHEED MARTIN CORP COM	call	2,900	$1.3M	new
XRTSPDR SERIES TRUST ETF	call	11,400	$788K	new
KOCOCA COLA CO COM	call	10,400	$745K	new
MSFTMICROSOFT CORP COM	call	1,700	$638K	new
DIASTATE STR SPDR DOW JONES IND UT SER 1	put	1,500	$630K	new
DIASTATE STR SPDR DOW JONES IND UT SER 1	call	1,500	$630K	new
CRMSALESFORCE INC COM	call	1,800	$483K	new
CRWDCROWDSTRIKE HLDGS INC COM	put	1,100	$388K	new
FXEINVESCO CURRENCYSHARES EURO EURO SHS	put	3,600	$360K	new
FXEINVESCO CURRENCYSHARES EURO EURO SHS	call	3,600	$360K	new
XLVSELECT SECTOR SPDR TR SHS	put	2,300	$336K	new
XLVSELECT SECTOR SPDR TR SHS	call	2,300	$336K	new
MRKMERCK & CO INC COM	call	3,100	$278K	new
IBMINTERNATIONAL BUSINESS MACHS COM	put	1,000	$249K	new
IBMINTERNATIONAL BUSINESS MACHS COM	call	1,000	$249K	new
IWMISHARES TR SHS	put	1,200	$239K	new
IWMISHARES TR SHS	call	1,200	$239K	new
SBUXSTARBUCKS CORP COM	put	2,300	$226K	-70,000
SBUXSTARBUCKS CORP COM	call	2,300	$226K	-70,000
AXPAMERICAN EXPRESS CO COM	put	800	$215K	new
JPMJPMORGAN CHASE & CO COM	put	700	$172K	new
NOWSERVICENOW INC COM	call	200	$159K	new
PARAMOUNT GLOBALPARAMOUNT GLOBAL CLASS B COM	put	10,400	$124K	new

Sold out in Q1 2025

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

Security	Shares before	Value before	Type
WDCWESTERN DIGITAL CORP	400,000	$23.9M	shares
ACIALBERTSONS COMPANIES INC	1,201,383	$23.6M	shares
HHHHOWARD HUGHES HOLDINGS INC	240,879	$18.5M	shares
WFCWELLS FARGO & CO	163,200	$11.5M	put
WFCWELLS FARGO & CO	163,200	$11.5M	call
DEDEERE & CO	15,800	$6.69M	put
DEDEERE & CO	15,800	$6.69M	call
STLASTELLANTIS N.V	500,000	$6.52M	put
STLASTELLANTIS N.V	500,000	$6.52M	call
DISDISNEY WALT CO	50,000	$5.57M	put
DISDISNEY WALT CO	50,000	$5.57M	call
EVRGEVERGY INC	89,699	$5.52M	shares
CATCATERPILLAR INC	14,400	$5.22M	put
CATCATERPILLAR INC	14,400	$5.22M	call
TAPMOLSON COORS BEVERAGE CO	66,000	$3.78M	put
TAPMOLSON COORS BEVERAGE CO	66,000	$3.78M	call
DEDEERE & CO	7,981	$3.38M	shares
MSMORGAN STANLEY	26,600	$3.34M	put
MSMORGAN STANLEY	26,600	$3.34M	call
ESEVERSOURCE ENERGY	56,909	$3.27M	shares
DTEDTE ENERGY CO	22,558	$2.72M	shares
SBUXSTARBUCKS CORP	27,115	$2.47M	shares
UBERUBER TECHNOLOGIES INC	38,600	$2.33M	put
UBERUBER TECHNOLOGIES INC	38,600	$2.33M	call
COPCONOCOPHILLIPS	23,400	$2.32M	shares
LNGCHENIERE ENERGY INC	10,498	$2.26M	shares
SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A)	40,000	$2.24M	shares
AJGGALLAGHER ARTHUR J & CO	7,435	$2.11M	shares
BNYBANK OF NY MELLON CORP	26,539	$2.04M	shares
CBCHUBB LIMITED	7,300	$2.02M	shares
KMIKINDER MORGAN INC DEL	68,734	$1.88M	shares
SPGIS&P GLOBAL INC	3,499	$1.81M	shares
AESAES CORP	129,718	$1.67M	shares
STZCONSTELLATION BRANDS INC	6,598	$1.59M	shares
SUMMIT MATERIALS INC CLASS ASUMMIT MATERIALS INC CLASS A	30,000	$1.52M	shares
ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC	5,000	$1.25M	shares
FXIISHARES TR	40,000	$1.22M	call
AROCARCHROCK INC	45,720	$1.14M	shares
CBOECBOE GLOBAL MKTS INC	5,750	$1.12M	shares
TXNMTXNM ENERGY INC	22,538	$1.11M	shares
NWENORTHWESTERN ENERGY GROUP IN	20,668	$1.1M	shares
ACIALBERTSONS COMPANIES INC	55,500	$1.09M	call
BKNGBOOKING HOLDINGS INC	207	$1.03M	shares
PANWPALO ALTO NETWORKS INC	5,569	$1.03M	shares
ASAIYSENDAS DISTRIBUIDORA S A	206,870	$925K	shares
ACIALBERTSONS COMPANIES INC	45,000	$884K	put
HASHICORP INCHASHICORP INC	20,000	$684K	shares
DISDISNEY WALT CO	5,778	$643K	shares
SUNRISE COMMUNICATIONS AGSUNRISE COMMUNICATIONS AG	13,636	$587K	shares
TECKTECK RESOURCES LTD	11,813	$479K	shares
SCCOSOUTHERN COPPER CORP	5,127	$467K	shares
BOTZGLOBAL X FDS	15,772	$461K	shares
LVSLAS VEGAS SANDS CORP	7,900	$406K	put
LVSLAS VEGAS SANDS CORP	7,900	$406K	call
VRTVERTIV HOLDINGS CO	2,919	$332K	shares
TLNTALEN ENERGY CORP	1,640	$330K	shares
PAMPAMPA ENERGIA SA	3,704	$326K	shares
YPFYPF SOCIEDAD ANONIMA	7,498	$319K	shares
GNRCGENERAC HLDGS INC	1,951	$303K	shares
CHAMPIONX CORPORATIONCHAMPIONX CORPORATION	10,000	$272K	shares
CVXCHEVRON CORPORATION	1,573	$228K	shares
DDOGDATADOG INC	1,450	$221K	shares
ISRGINTUITIVE SURGICAL INC	395	$214K	shares
CPRICAPRI HOLDINGS LIMITED	10,000	$211K	put
RTXRTX CORPORATION	1,732	$200K	shares
VGITVANGUARD SCOTTSDALE FDS	3,400	$198K	shares
GOVTISHARES TR	7,942	$182K	shares
EROERO COPPER CORP	13,173	$178K	shares
MSMORGAN STANLEY	1,257	$158K	shares
VCLTVANGUARD SCOTTSDALE FDS	1,970	$153K	shares
IGVISHARES TR	1,397	$146K	shares
DVYEISHARES INC	5,470	$142K	shares
IJHISHARES TR	2,309	$136K	shares
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW	3,500	$119K	shares
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW	3,500	$119K	put
WUWESTERN UN CO	10,786	$114K	shares
EMBISHARES TR	1,000	$113K	shares
SOXXISHARES TR	456	$112K	shares
FFORD MTR CO	10,963	$109K	shares
LVSLAS VEGAS SANDS CORP	1,940	$99.6K	shares
VODVODAFONE GROUP PLC	10,799	$96.9K	shares
VOEVANGUARD INDEX FDS	490	$81.8K	shares
IJRISHARES TR	705	$75.2K	shares
VISVANGUARD WORLD FD	329	$72.6K	shares
SHVISHARES TR	496	$54.8K	shares
IEURISHARES TR	774	$42.5K	shares
IQIQIYI INC	18,606	$37.4K	shares
EWZISHARES INC	587	$13.2K	shares
TLTISHARES TR	100	$8.78K	shares
URAGLOBAL X FDS	200	$5.36K	shares
COPXGLOBAL X FDS	59	$2.49K	shares

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 0001085146-25-003224	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC