CAPSTONE INVESTMENT ADVISORS, LLC

13F filer, CIK 1426196, NEW YORK, NY

CAPSTONE INVESTMENT ADVISORS, LLC reported $37,827,406,125 across 1,317 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 60.99% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001426196-25-000001

Period: 2025-03-31
Reported value: $37.8B
Holdings: 1,317
Top 10 weight: 60.99%
New: 154
Sold out: 661

Part of the filer group CAPSTONE INVESTMENT ADVISORS, LLC

Capstone Investment Advisors (UK), LLP

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
TSLAadded	+5,327,529	$1.38B
NVDAadded	+6,653,601	$721M
GOOGLadded	+3,289,043	$509M
AAPLadded	+1,183,954	$263M
AMZNadded	+1,116,574	$212M

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
VOOreduced	-2,115,804	-$1.09B
IVVreduced	-976,831	-$549M
MSFTreduced	-1,247,846	-$468M
SPYreduced	-313,502	-$175M
INTCreduced	-4,232,471	-$96.1M

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 0001426196-25-000001, largest first. % of portfolio is the value over $10,853,796,279, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
TSLATESLA INC	5,405,254	$1.4B	12.91%	+5,327,529	Timeline
AMZNAMAZON COM INC	6,515,195	$1.24B	11.42%	+1,116,574	Timeline
NVDANVIDIA CORPORATION	9,859,323	$1.07B	9.84%	+6,653,601	Timeline
MSFTMICROSOFT CORP	2,469,186	$927M	8.54%	-1,247,846	Timeline
IVVISHARES TR	956,191	$537M	4.95%	-976,831	Timeline
GOOGLALPHABET INC	3,402,563	$526M	4.85%	+3,289,043	Timeline
AAPLAPPLE INC	1,499,734	$333M	3.07%	+1,183,954	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	416,322	$233M	2.15%	-313,502	Timeline
GOOGALPHABET INC	1,303,767	$204M	1.88%	+1,251,524	Timeline
AMDADVANCED MICRO DEVICES INC	1,471,623	$151M	1.39%	+1,133,082	Timeline
VOOVANGUARD INDEX FDS	205,787	$106M	0.97%	-2,115,804	Timeline
AVGOBROADCOM INC	475,412	$79.6M	0.73%	+433,366	Timeline
FYBRFRONTIER COMMUNICATIONS PARE	1,485,000	$53.3M	0.49%	new	Timeline
XLFSELECT SECTOR SPDR TR	797,085	$39.7M	0.37%	+791,016	Timeline
IWMISHARES TR	196,878	$39.3M	0.36%	+22,233	Timeline
EEMISHARES TR	805,189	$35.2M	0.32%	+427,745	Timeline
USMVISHARES TR	353,001	$33.1M	0.3%	+182,956	Timeline
KRESPDR SERIES TRUST	538,192	$30.6M	0.28%	+138,653	Timeline
CHAMPIONX CORPORATIONCHAMPIONX CORPORATION	1,000,000	$29.8M	0.27%	new
PLTRPALANTIR TECHNOLOGIES INC	347,190	$29.3M	0.27%	+260,113	Timeline
KEXKIRBY CORP	278,642	$28.1M	0.26%	+187,142	Timeline
WMTWALMART INC	320,508	$28.1M	0.26%	+257,210	Timeline
GXOGXO LOGISTICS INCORPORATED	694,847	$27.2M	0.25%	+222,702	Timeline
BXBLACKSTONE INC	188,936	$26.4M	0.24%	new	Timeline
KKELLANOVA	300,000	$24.7M	0.23%	+294,100	Timeline
RACEFERRARI N V	57,500	$24.6M	0.23%	new	Timeline
SCHWCHARLES SCHWAB CORP (THE)	312,885	$24.5M	0.23%	+236,529	Timeline
JPMJPMORGAN CHASE & CO	99,009	$24.3M	0.22%	+79,558	Timeline
PLAYA HOTELS & RESORTS NVPLAYA HOTELS & RESORTS NV	1,820,000	$24.3M	0.22%	new
MTZMASTEC INC	189,360	$22.1M	0.2%	new	Timeline
LENLENNAR CORP	191,557	$22M	0.2%	+180,323	Timeline
TSTENARIS S A	550,880	$21.5M	0.2%	+268,500	Timeline
KKRKKR & CO INC	181,039	$20.9M	0.19%	+170,902	Timeline
RDDTREDDIT INC	190,986	$20M	0.18%	+189,485	Timeline
SLBSLB LIMITED	469,980	$19.6M	0.18%	-124,225	Timeline
QQQINVESCO QQQ TR	40,144	$18.8M	0.17%	-8,609	Timeline
DISCOVER FINL SVCSDISCOVER FINL SVCS	110,000	$18.8M	0.17%	+109,998
DISDISNEY WALT CO	183,968	$18.2M	0.17%	+163,260	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	108,945	$18.1M	0.17%	+104,784	Timeline
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW	425,000	$18M	0.17%	new
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS	650,000	$17.7M	0.16%	+635,989
CRMSALESFORCE INC	64,837	$17.4M	0.16%	+43,151	Timeline
ACIALBERTSONS COMPANIES INC	750,000	$16.5M	0.15%	new	Timeline
PMPHILIP MORRIS INTL INC	103,501	$16.4M	0.15%	+98,242	Timeline
CMECME GROUP INC	60,000	$15.9M	0.15%	new	Timeline
ADBEADOBE INC	41,333	$15.9M	0.15%	-49,372	Timeline
CNICANADIAN NATL RY CO	162,031	$15.8M	0.15%	+96,657	Timeline
SBUXSTARBUCKS CORP	160,609	$15.8M	0.15%	+41,840	Timeline
DYDYCOM INDS INC	102,198	$15.6M	0.14%	new	Timeline
MUMICRON TECHNOLOGY INC	178,279	$15.5M	0.14%	-101,471	Timeline
METAMETA PLATFORMS INC	26,627	$15.3M	0.14%	-20,745	Timeline
FLSFLOWSERVE CORP	310,315	$15.2M	0.14%	+208,200	Timeline
LPXLOUISIANA PAC CORP	160,000	$14.7M	0.14%	new	Timeline
HDHOME DEPOT INC	36,382	$13.3M	0.12%	-3,346	Timeline
COSTCOSTCO WHOLESALE CORPORATION	14,027	$13.3M	0.12%	new	Timeline
AZEK CO INCAZEK CO INC	264,000	$12.9M	0.12%	new
RRYDER SYS INC	89,244	$12.8M	0.12%	+68,505	Timeline
RSPINVESCO EXCHANGE TRADED FD T	73,456	$12.7M	0.12%	new	Timeline
IBITISHARES BITCOIN TRUST ETF	265,590	$12.4M	0.11%	-27,451	Timeline
CCCHEMOURS CO	870,390	$11.8M	0.11%	new	Timeline
MTHMERITAGE HOMES CORP	157,915	$11.2M	0.1%	new	Timeline
DOWDOW HLDGS INC	317,442	$11.1M	0.1%	+259,886	Timeline
ANSYS INCANSYS INC	35,000	$11.1M	0.1%	+33,603
GLOBAL BLUE GROUP HOLDING A…GLOBAL BLUE GROUP HOLDING AG ORD …	1,500,000	$11M	0.1%	new
XMESPDR SERIES TRUST	196,133	$11M	0.1%	+118,504	Timeline
CRHCRH PLC	123,369	$10.9M	0.1%	+60,646	Timeline
CPRICAPRI HOLDINGS LIMITED	550,000	$10.9M	0.1%	new	Timeline
BACBANK OF AMER CORP	256,741	$10.7M	0.1%	-221,277	Timeline
SJNKSPDR SERIES TRUST	412,701	$10.4M	0.1%	new	Timeline
MRKMERCK & CO INC	114,826	$10.3M	0.09%	-19,155	Timeline
VGVENTURE GLOBAL INC	1,000,000	$10.3M	0.09%	new	Timeline
MSMORGAN STANLEY	87,592	$10.2M	0.09%	+79,040	Timeline
LLYELI LILLY & CO	12,218	$10.1M	0.09%	-13,003	Timeline
BABOEING CO	58,558	$9.99M	0.09%	-48,439	Timeline
AAONAAON INC	125,000	$9.77M	0.09%	new	Timeline
AMCOR PLCAMCOR PLC	1,000,001	$9.7M	0.09%	+966,117
EWZISHARES INC	374,301	$9.68M	0.09%	0	Timeline
WFRDWEATHERFORD INTL PLC	180,000	$9.64M	0.09%	+128,336	Timeline
CSTMCONSTELLIUM SE	928,036	$9.36M	0.09%	+233,029	Timeline
INTCINTEL CORP	411,806	$9.35M	0.09%	-4,232,471	Timeline
QTECFIRST TR EXCHANGE-TRADED FD	52,732	$9.15M	0.08%	+30,606	Timeline
APPAPPLOVIN CORP	34,432	$9.12M	0.08%	+9,585	Timeline
UPSUNITED PARCEL SVCS INC	81,289	$8.94M	0.08%	-40,932	Timeline
JNKSPDR SERIES TRUST	93,401	$8.9M	0.08%	new	Timeline
HYGISHARES TR	111,101	$8.76M	0.08%	+111,100	Timeline
AMATAPPLIED MATLS INC	59,161	$8.59M	0.08%	-17,943	Timeline
ARMARM HOLDINGS PLC	79,127	$8.45M	0.08%	new	Timeline
SHYGISHARES TR	198,101	$8.42M	0.08%	new	Timeline
VTVVANGUARD INDEX FDS	47,501	$8.21M	0.08%	new	Timeline
ACNACCENTURE PLC IRELAND	26,060	$8.13M	0.07%	+25,770	Timeline
MRVLMARVELL TECHNOLOGY INC	131,226	$8.08M	0.07%	+126,504	Timeline
ORCLORACLE CORP	57,066	$7.98M	0.07%	+37,980	Timeline
NKENIKE INC	125,094	$7.94M	0.07%	-124,254	Timeline
QCOMQUALCOMM INC	51,636	$7.93M	0.07%	-66,304	Timeline
XLISELECT SECTOR SPDR TR	57,900	$7.59M	0.07%	+1,210	Timeline
HOODROBINHOOD MKTS INC	180,386	$7.51M	0.07%	new	Timeline
UNHUNITEDHEALTH GROUP INC	13,754	$7.2M	0.07%	-33,340	Timeline
ASAASA GOLD AND PRECIOUS MTLS L	227,782	$6.87M	0.06%	-38,439	Timeline
MAMASTERCARD INCORPORATED	12,034	$6.6M	0.06%	+11,768	Timeline
NFJVIRTUS DIVIDEND INTEREST & P	526,672	$6.39M	0.06%	0	Timeline
XGDVXGABELLI DIVID & INCOME TR	262,242	$6.33M	0.06%	+16,603	Timeline
TGTTARGET CORP	58,291	$6.08M	0.06%	+6,825	Timeline
LRCXLAM RESEARCH CORP	83,289	$6.06M	0.06%	-88,543	Timeline
TROWPRICE T ROWE GROUP INC	63,858	$5.87M	0.05%	+21,186	Timeline
NBXGNEUBERGER NEXT GENERATION	477,748	$5.85M	0.05%	+10,000	Timeline
UNPUNION PAC CORP	24,604	$5.81M	0.05%	-12,756	Timeline
CPRTCOPART INC	99,844	$5.65M	0.05%	+96,110	Timeline
FCNCAFIRST CTZNS BANCSHARES INC D	3,019	$5.6M	0.05%	+2,922	Timeline
LOWLOWES COS INC	23,149	$5.4M	0.05%	+22,922	Timeline
SPRSPIRIT AEROSYSTEMS HLDGS INC	150,000	$5.17M	0.05%	new	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	10,317	$5.13M	0.05%	-8,265	Timeline
FLUTFLUTTER ENTMT PLC	22,283	$4.94M	0.05%	new	Timeline
HESS CORPHESS CORP	30,339	$4.85M	0.04%	-16,588
BLBLACKLINE INC	100,000	$4.84M	0.04%	new	Timeline
EGEVEREST GROUP LTD	13,316	$4.84M	0.04%	+11,418	Timeline
RSRELIANCE INC	16,680	$4.82M	0.04%	new	Timeline
ARESARES MANAGEMENT CORPORATION	32,500	$4.76M	0.04%	new	Timeline
KBESPDR SERIES TRUST	88,727	$4.7M	0.04%	+2,803	Timeline
CHIMERIX INC COMCHIMERIX INC COM	551,384	$4.69M	0.04%	new
HDBHDFC BANK LTD	69,393	$4.61M	0.04%	-63,936	Timeline
CCITIGROUP INC	64,339	$4.57M	0.04%	+56,837	Timeline
WRBBERKLEY W R CORP	63,780	$4.54M	0.04%	-7,075	Timeline
GMGENERAL MTRS CO	95,274	$4.48M	0.04%	+87,456	Timeline
SMHVANECK ETF TRUST	20,776	$4.39M	0.04%	new	Timeline
OXYOCCIDENTAL PETE CORP	88,480	$4.37M	0.04%	-72,880	Timeline
COINCOINBASE GLOBAL INC	25,000	$4.31M	0.04%	new	Timeline
CATCATERPILLAR INC	12,877	$4.25M	0.04%	+12,449	Timeline
NVRNVR INC	579	$4.19M	0.04%	+7	Timeline
ETNEATON CORP PLC	15,155	$4.12M	0.04%	+13,122	Timeline
TELTE CONNECTIVITY PLC	28,928	$4.09M	0.04%	-6,172	Timeline
ISRGINTUITIVE SURGICAL INC	8,222	$4.07M	0.04%	+2,804	Timeline
IBMINTERNATIONAL BUSINESS MACHS	16,339	$4.06M	0.04%	-12,933	Timeline
XLKSELECT SECTOR SPDR TR	19,549	$4.04M	0.04%	-70,995	Timeline
ITGARTNER INC	9,510	$3.99M	0.04%	+634	Timeline
IGIBISHARES TR	75,601	$3.97M	0.04%	new	Timeline
XLVSELECT SECTOR SPDR TR	26,002	$3.8M	0.03%	+10,239	Timeline
DHRDANAHER CORP DEL	18,322	$3.76M	0.03%	+3,426	Timeline
PFEPFIZER INC	145,977	$3.7M	0.03%	-272,809	Timeline
ZTRVIRTUS TOTAL RETURN FD INC	590,007	$3.52M	0.03%	-259,300	Timeline
TXNTEXAS INSTRS INC	19,531	$3.51M	0.03%	-26,776	Timeline
DELLDELL TECHNOLOGIES INC	38,444	$3.5M	0.03%	+25,871	Timeline
PEPPEPSICO INC	23,358	$3.5M	0.03%	-131,141	Timeline
EOGEOG RES INC	27,163	$3.48M	0.03%	+6,776	Timeline
ELLAUDER ESTEE COS INC	52,445	$3.46M	0.03%	+3,221	Timeline
ANETARISTA NETWORKS INC	43,459	$3.37M	0.03%	+42,794	Timeline
HALHALLIBURTON CO	132,461	$3.36M	0.03%	-22,183	Timeline
MDLZMONDELEZ INTL INC	49,262	$3.34M	0.03%	-172,853	Timeline
UALUNITED AIRLS HLDGS INC	47,836	$3.3M	0.03%	+41,368	Timeline
WFCWELLS FARGO & CO	45,584	$3.27M	0.03%	+4,918	Timeline
LQDISHARES TR	29,601	$3.22M	0.03%	-95,533	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	63,304	$3.18M	0.03%	+27,021	Timeline
CEGCONSTELLATION ENERGY CORP	15,721	$3.17M	0.03%	+10,103	Timeline
WIWWESTERN AST INFL LKD OPP & I	356,674	$3.14M	0.03%	+51,384	Timeline
KHCKRAFT HEINZ CO	102,727	$3.13M	0.03%	+14,014	Timeline
AXPAMERICAN EXPRESS CO	11,182	$3.01M	0.03%	+4,065	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	62,126	$3.01M	0.03%	+6,624	Timeline
BAMBROOKFIELD ASSET MANAGMT LTD	61,530	$2.98M	0.03%	new	Timeline
SCHNITZER STEEL INDUSTRIES …SCHNITZER STEEL INDUSTRIES INC	100,000	$2.89M	0.03%	new
EBAYEBAY INC.	42,413	$2.87M	0.03%	-8,371	Timeline
FCXFREEPORT MCMORAN INC	73,020	$2.76M	0.03%	-20,126	Timeline
GLOCLOUGH GLOBAL OPPORTUNITIES	560,671	$2.74M	0.03%	+79,698	Timeline
ITWILLINOIS TOOL WKS INC	10,709	$2.66M	0.02%	+4,174	Timeline
IBNICICI BK LTD	83,749	$2.64M	0.02%	-113,300	Timeline
RNSTRENASANT CORP	77,500	$2.63M	0.02%	new	Timeline
APDAIR PRODUCTS AND CHEMICALS I	8,912	$2.63M	0.02%	+7,000	Timeline
CMCSACOMCAST CORP NEW	70,608	$2.61M	0.02%	-418,597	Timeline
MKSIMKS INC.	32,500	$2.6M	0.02%	0	Timeline
VALVALARIS LTD	66,254	$2.6M	0.02%	-230	Timeline
PEOADAM NAT RES FD INC	113,761	$2.59M	0.02%	0	Timeline
PYPLPAYPAL HLDGS INC	38,541	$2.51M	0.02%	+38,367	Timeline
COFCAPITAL ONE FINL CORP	13,974	$2.51M	0.02%	new	Timeline
DXCMDEXCOM INC	36,614	$2.5M	0.02%	-17,648	Timeline
ABTABBOTT LABORATORIES	18,766	$2.49M	0.02%	-5,398	Timeline
NEENEXTERA ENERGY INC	35,089	$2.49M	0.02%	+396	Timeline
FDXFEDEX CORP	10,083	$2.46M	0.02%	+8,960	Timeline
PTENPATTERSON-UTI ENERGY INC	297,592	$2.45M	0.02%	0	Timeline
NOWSERVICENOW INC	3,050	$2.43M	0.02%	new	Timeline
EODALLSPRING GLOBAL DIVIDEND OP	489,310	$2.42M	0.02%	+25,000	Timeline
ADIANALOG DEVICES INC	11,858	$2.39M	0.02%	+8,923	Timeline
XLCSELECT SECTOR SPDR TR	24,667	$2.38M	0.02%	-17,306	Timeline
LEOBNY MELLON STRATEGIC MUNS IN	379,865	$2.32M	0.02%	+92,378	Timeline
MARMARRIOTT INTL INC NEW	9,134	$2.18M	0.02%	+9,034	Timeline
ONON SEMICONDUCTOR CORP	53,353	$2.17M	0.02%	-25,997	Timeline
SNOWSNOWFLAKE INC	14,537	$2.12M	0.02%	+13,814	Timeline
LMTLOCKHEED MARTIN CORP	4,708	$2.1M	0.02%	+2,858	Timeline
DALDELTA AIR LINES INC	47,290	$2.06M	0.02%	new	Timeline
HPQHP INC	74,112	$2.05M	0.02%	+32,643	Timeline
GSGOLDMAN SACHS GROUP INC	3,719	$2.03M	0.02%	+960	Timeline
MNSTMONSTER BEVERAGE CORP NEW	34,687	$2.03M	0.02%	-8,973	Timeline
TJXTJX COS INC NEW	16,441	$2M	0.02%	-5,459	Timeline
PLDPROLOGIS INC.	17,439	$1.95M	0.02%	-28,025	Timeline
PCGPG&E CORP	112,642	$1.94M	0.02%	+91,488	Timeline
STEWSRH TOTAL RETURN FUND INC	111,819	$1.93M	0.02%	+2,151	Timeline
PINSPINTEREST INC	59,695	$1.85M	0.02%	+57,304	Timeline
ASMLASML HLDG NV	2,752	$1.82M	0.02%	-6,116	Timeline
GAMGENERAL AMERN INVS CO INC	35,841	$1.81M	0.02%	0	Timeline
HONHONEYWELL INTL INC	8,474	$1.79M	0.02%	+4,616	Timeline
WSMWILLIAMS SONOMA INC	11,297	$1.79M	0.02%	new	Timeline
ADSKAUTODESK INC	6,744	$1.77M	0.02%	+6,661	Timeline
CDNSCADENCE DESIGN SYSTEM INC	6,930	$1.76M	0.02%	new	Timeline
APOAPOLLO GLOBAL MGMT INC	12,587	$1.72M	0.02%	+2,626	Timeline
CORZCORE SCIENTIFIC INC NEW	235,000	$1.7M	0.02%	+200,000	Timeline
OIHVANECK ETF TRUST	6,359	$1.67M	0.02%	+1,164	Timeline
PNCPNC FINL SVCS GROUP INC	9,282	$1.63M	0.02%	+9,007	Timeline
NFLXNETFLIX INC.	1,744	$1.63M	0.01%	-1,774	Timeline
STZCONSTELLATION BRANDS INC	8,845	$1.62M	0.01%	-4,593	Timeline
BTXBLACKROCK TECH AND PRIVATE E	258,502	$1.62M	0.01%	0	Timeline
DIASTATE STR SPDR DOW JONES IND	3,717	$1.56M	0.01%	0	Timeline
UBERUBER TECHNOLOGIES INC	21,092	$1.54M	0.01%	-236,188	Timeline
DDOGDATADOG INC	15,273	$1.52M	0.01%	+14,876	Timeline
QQQEDIREXION SHARES ETF TRUST	17,207	$1.5M	0.01%	new	Timeline
DHID R HORTON INC	11,498	$1.46M	0.01%	+2,248	Timeline
ABNBAIRBNB INC	12,119	$1.45M	0.01%	-35,537	Timeline
DLRDIGITAL RLTY TR INC	10,026	$1.44M	0.01%	+3,021	Timeline
HLTHILTON WORLDWIDE HLDGS INC	6,217	$1.41M	0.01%	+6,186	Timeline
HPEHEWLETT PACKARD ENTERPRISE C	88,395	$1.36M	0.01%	+63,115	Timeline
ROSTROSS STORES INC	10,513	$1.34M	0.01%	+8,961	Timeline
CRWDCROWDSTRIKE HLDGS INC	3,684	$1.3M	0.01%	-360	Timeline
AAGILENT TECHNOLOGIES INC	10,984	$1.28M	0.01%	+8,640	Timeline
CDZICADIZ INC	437,038	$1.28M	0.01%	0	Timeline
COPCONOCOPHILLIPS	12,130	$1.27M	0.01%	-33,314	Timeline
SRPTSAREPTA THERAPEUTICS INC	19,850	$1.27M	0.01%	new	Timeline
IWNISHARES TR	8,360	$1.26M	0.01%	-1,500	Timeline
MPCMARATHON PETE CORP	8,655	$1.26M	0.01%	-23,651	Timeline
PGPROCTER & GAMBLE CO	7,206	$1.23M	0.01%	-33,317	Timeline
LNGCHENIERE ENERGY INC	5,299	$1.23M	0.01%	new	Timeline
MRNAMODERNA INC	42,073	$1.19M	0.01%	-9,074	Timeline
PCARPACCAR INC	12,249	$1.19M	0.01%	+4,739	Timeline
CPBTHE CAMPBELLS COMPANY	29,631	$1.18M	0.01%	-3,074	Timeline
NXPINXP SEMICONDUCTORS N V	6,206	$1.18M	0.01%	-19,614	Timeline
NETCLOUDFLARE INC	10,306	$1.16M	0.01%	+5,953	Timeline
BABAALIBABA GROUP HLDG LTD	8,757	$1.16M	0.01%	-19,943	Timeline
PANWPALO ALTO NETWORKS INC	6,657	$1.14M	0.01%	-9,678	Timeline
ZTSZOETIS INC	6,836	$1.13M	0.01%	-20,607	Timeline
WBDWARNER BROS DISCOVERY INC	103,571	$1.11M	0.01%	-97,989	Timeline
VRTVERTIV HOLDINGS CO	15,384	$1.11M	0.01%	new	Timeline
XLBSELECT SECTOR SPDR TR	12,912	$1.11M	0.01%	new	Timeline
XAODXABRDN TOTAL DYNAMIC DIVIDEND	132,266	$1.11M	0.01%	0	Timeline
VLOVALERO ENERGY CORP	8,271	$1.09M	0.01%	-20,792	Timeline
DSMBNY MELLON STRATEGIC MUN BD	187,555	$1.08M	0.01%	+37,965	Timeline
ABBVABBVIE INC	5,057	$1.06M	0.01%	-20,334	Timeline
GWREGUIDEWIRE SOFTWARE INC	5,448	$1.02M	0.01%	new	Timeline
FISVFISERV INC	4,614	$1.02M	0.01%	+4,436	Timeline
GRXGABELLI HEALTHCARE & WELLNES	99,441	$1M	0.01%	0	Timeline
PRUPRUDENTIAL FINL INC	8,848	$988K	0.01%	-4,927	Timeline
CZRCAESARS ENTERTAINMENT INC NE	39,010	$975K	0.01%	-2,063	Timeline
BIIBBIOGEN INC	7,067	$967K	0.01%	-18,979	Timeline
EMOCLEARBRIDGE ENERGY MIDSTREAM	19,073	$946K	0.01%	0	Timeline
LULULULULEMON ATHLETICA INC	3,286	$930K	0.01%	+262	Timeline
FANGDIAMONDBACK ENERGY INC	5,798	$927K	0.01%	-9,286	Timeline
XOMEXXON MOBIL CORP	7,730	$919K	0.01%	-152,939	Timeline
CCLCARNIVAL CORP	46,718	$912K	0.01%	+44,874	Timeline
SPGIS&P GLOBAL INC	1,774	$901K	0.01%	-580	Timeline
WDAYWORKDAY INC	3,838	$896K	0.01%	-13,687	Timeline
BRKRBRUKER CORP	21,300	$889K	0.01%	new	Timeline
EWEDWARDS LIFESCIENCES CORP	11,977	$868K	0.01%	-8,217	Timeline
AALAMERICAN AIRLINES GROUP INC	80,150	$846K	0.01%	+68,515	Timeline
APAAPA CORPORATION	40,190	$845K	0.01%	+12,601	Timeline
GPNGLOBAL PMTS INC	8,502	$833K	0.01%	-1,516	Timeline
GGZGABELLI GLOBAL SMALL & MID C	69,157	$830K	0.01%	+10,000	Timeline
NSCNORFOLK SOUTHN CORP	3,501	$829K	0.01%	-3,394	Timeline
NUENUCOR CORP	6,787	$817K	0.01%	-29,828	Timeline
DVNDEVON ENERGY CORP NEW	21,766	$814K	0.01%	-38,477	Timeline
FTNTFORTINET INC	8,435	$812K	0.01%	new	Timeline
ADMARCHER DANIELS MIDLAND CO	16,768	$805K	0.01%	-11,316	Timeline
VSTVISTRA CORP	6,734	$791K	0.01%	+2,406	Timeline
GLDSPDR GOLD TR	2,723	$785K	0.01%	new	Timeline
XPROEXPRO GROUP HOLDINGS NV	78,885	$784K	0.01%	+48,475	Timeline
CVXCHEVRON CORPORATION	4,681	$783K	0.01%	-147,801	Timeline
NTLAINTELLIA THERAPEUTICS INC	108,665	$773K	0.01%	0	Timeline
CSXCSX CORP	25,889	$762K	0.01%	-19,586	Timeline
VCYTVERACYTE INC	25,600	$759K	0.01%	new	Timeline
AKAMAKAMAI TECHNOLOGIES INC	9,397	$756K	0.01%	-2,250	Timeline
LVSLAS VEGAS SANDS CORP	19,491	$753K	0.01%	+16,711	Timeline
GEHCGE HEALTHCARE TECHNOLOGIES I	9,272	$748K	0.01%	-5,539	Timeline
BMEZBLACKROCK HEALTH SCIENCES TE	50,000	$745K	0.01%	0	Timeline
ECFELLSWORTH GROWTH & INCOME FD	81,490	$740K	0.01%	+1,716	Timeline
IFFINTERNATIONAL FLAVORS&FRAGRA	9,458	$734K	0.01%	+1,954	Timeline
IRMIRON MTN INC DEL	8,524	$733K	0.01%	+5,805	Timeline
IRINGERSOLL RAND INC	9,149	$732K	0.01%	-4,049	Timeline
ILMNILLUMINA INC	9,103	$722K	0.01%	+1,991	Timeline
PPGPPG INDS INC	6,566	$718K	0.01%	-17,761	Timeline
ALGNALIGN TECHNOLOGY INC	4,511	$717K	0.01%	-3,000	Timeline
BROBROWN & BROWN INC	5,750	$715K	0.01%	-127	Timeline
CTASCINTAS CORP	3,469	$713K	0.01%	-7,661	Timeline
CSCOCISCO SYS INC	11,471	$708K	0.01%	+1,371	Timeline
SNASNAP ON INC	2,077	$700K	0.01%	+1,305	Timeline
BILLBILL HOLDINGS INC	15,237	$699K	0.01%	new	Timeline
SWKSSKYWORKS SOLUTIONS INC	10,787	$697K	0.01%	-4,091	Timeline
VGTVANGUARD WORLD FD	1,272	$690K	0.01%	new	Timeline
CNCCENTENE CORP DEL	11,101	$674K	0.01%	-76,428	Timeline
FISFIDELITY NATL INFORMATION SV	8,931	$667K	0.01%	+2,105	Timeline
PIMCO CALIFORNIA MUNICIPAL …PIMCO CALIFORNIA MUNICIPAL INC	112,094	$632K	0.01%	+42,028
ODFLOLD DOMINION FREIGHT LINE IN	3,717	$615K	0.01%	-19,787	Timeline
ELVELEVANCE HEALTH INC FORMERLY	1,410	$613K	0.01%	-19,276	Timeline
PSXPHILLIPS 66	4,942	$610K	0.01%	-21,443	Timeline
BKLNINVESCO EXCH TRADED FD TR II	29,030	$601K	0.01%	0	Timeline
NCLHNORWEGIAN CRUISE LINE HLDGS	31,428	$596K	0.01%	+30,501	Timeline
CTSHCOGNIZANT TECHNOLOGY SOLUTIO	7,666	$586K	0.01%	new	Timeline
WDCWESTERN DIGITAL CORP	14,427	$583K	0.01%	+12,388	Timeline
LYBLYONDELLBASELL INDUSTRIES NV	8,229	$579K	0.01%	-18,362	Timeline
SNPSSYNOPSYS INC	1,335	$573K	0.01%	-13,436	Timeline
XLRESELECT SECTOR SPDR TR	13,658	$572K	0.01%	-1,806	Timeline
KOCOCA COLA CO	7,953	$570K	0.01%	-50,594	Timeline
AERAERCAP HOLDINGS NV	5,500	$562K	0.01%	new	Timeline
DGDOLLAR GEN CORP	6,200	$545K	0.01%	-37,683	Timeline
MDTMEDTRONIC PLC	6,065	$545K	0.01%	-49,610	Timeline
CSGPCOSTAR GROUP INC	6,801	$539K	<0.01%	-39,131	Timeline
ENPHENPHASE ENERGY INC	8,576	$532K	<0.01%	-12,028	Timeline
EAELECTRONIC ARTS INC	3,669	$530K	<0.01%	+2,369	Timeline
SYFSYNCHRONY FINANCIAL	10,002	$530K	<0.01%	+9,480	Timeline
CVSCVS HEALTH CORP	7,800	$528K	<0.01%	-138,683	Timeline
SPGSIMON PPTY GROUP INC NEW	3,179	$528K	<0.01%	new	Timeline
DLTRDOLLAR TREE INC	7,021	$527K	<0.01%	-3,012	Timeline
CLCOLGATE PALMOLIVE CO	5,551	$520K	<0.01%	+2,649	Timeline
AFRMAFFIRM HLDGS INC	11,378	$514K	<0.01%	+5,799	Timeline
NTAPNETAPP INC	5,850	$514K	<0.01%	+5,714	Timeline
TERTERADYNE INC	6,198	$512K	<0.01%	+3,265	Timeline
IMCRIMMUNOCORE HLDGS PLC	17,200	$510K	<0.01%	0	Timeline
VIKVIKING HOLDINGS LTD	12,672	$504K	<0.01%	new	Timeline
NVSTENVISTA HOLDINGS CORPORATION	29,152	$503K	<0.01%	-26,989	Timeline
APTVAPTIV PLC	8,258	$491K	<0.01%	-14,842	Timeline
CARRCARRIER GLOBAL CORPORATION	7,606	$482K	<0.01%	new	Timeline
RTXRTX CORPORATION	3,597	$476K	<0.01%	new	Timeline
BGBUNGE GLOBAL SA	6,210	$475K	<0.01%	-8,666	Timeline
AMGNAMGEN INC	1,512	$471K	<0.01%	-48,845	Timeline
MTCHMATCH GROUP INC NEW	14,743	$460K	<0.01%	-25,889	Timeline
PWRQUANTA SVCS INC	1,781	$453K	<0.01%	new	Timeline
SHOPSHOPIFY INC	4,733	$452K	<0.01%	+1,956	Timeline
VEAVANGUARD TAX-MANAGED FDS	8,889	$452K	<0.01%	new	Timeline
KMIKINDER MORGAN INC DEL	15,800	$451K	<0.01%	-19,210	Timeline
MGMMGM RESORTS INTERNATIONAL	14,885	$441K	<0.01%	-14,139	Timeline
VWOVANGUARD INTL EQUITY INDEX F	9,715	$440K	<0.01%	new	Timeline
EFAISHARES TR	5,340	$436K	<0.01%	+5,339	Timeline
GEVGE VERNOVA INC	1,424	$435K	<0.01%	new	Timeline
DDDUPONT DE NEMOURS INC	5,744	$429K	<0.01%	+621	Timeline
XBISPDR SERIES TRUST	5,284	$429K	<0.01%	-7,621	Timeline
TCOMTRIP COM GROUP LTD	6,602	$420K	<0.01%	+102	Timeline
BBTBEACON FINANCIAL CORP.	16,023	$418K	<0.01%	new	Timeline
BBYBEST BUY INC	5,667	$417K	<0.01%	-184	Timeline
OKEONEOK INC NEW	4,099	$407K	<0.01%	new	Timeline
NNENANO NUCLEAR ENERGY INC	15,359	$406K	<0.01%	new	Timeline
APHAMPHENOL CORP	6,183	$406K	<0.01%	-22,980	Timeline
IOTSAMSARA INC	10,238	$392K	<0.01%	new	Timeline
OKLOOKLO INC	18,020	$390K	<0.01%	new	Timeline
DMADESTRA MULTI-ALTERNATIVE FD	45,894	$389K	<0.01%	new	Timeline
ALBALBEMARLE CORP	5,326	$384K	<0.01%	-4,371	Timeline
NLYANNALY CAPITAL MANAGEMENT IN	18,752	$381K	<0.01%	new	Timeline
BNTXBIONTECH SE	4,050	$369K	<0.01%	+1,283	Timeline
TTTRANE TECHNOLOGIES PLC	1,083	$365K	<0.01%	-8,104	Timeline
PHMPULTE GROUP INC	3,496	$359K	<0.01%	-1,112	Timeline
GISGENERAL MILLS INC	5,969	$357K	<0.01%	-13,512	Timeline
NDAQNASDAQ INC	4,703	$357K	<0.01%	+2,732	Timeline
WERNWERNER ENTERPRISES INC	12,015	$352K	<0.01%	new	Timeline
NBIXNEUROCRINE BIOSCIENCES INC	3,151	$349K	<0.01%	new	Timeline
MOSMOSAIC CO	12,814	$346K	<0.01%	-36,926	Timeline
ECPGENCORE CAP GROUP INC	9,865	$338K	<0.01%	new	Timeline
HOUSANYWHERE REAL ESTATE INC	100,054	$333K	<0.01%	+28,579	Timeline
GMABGENMAB A/S	16,900	$331K	<0.01%	new	Timeline
AIGAMERICAN INTL GROUP INC	3,777	$328K	<0.01%	-569	Timeline
USBUS BANCORP	7,285	$308K	<0.01%	-9,231	Timeline
MOALTRIA GROUP INC	5,080	$305K	<0.01%	-31,425	Timeline
CITHE CIGNA GROUP	886	$291K	<0.01%	-15,889	Timeline
HSYHERSHEY CO	1,680	$287K	<0.01%	-12,260	Timeline
SRESEMPRA	4,020	$287K	<0.01%	-8,359	Timeline
JCIJOHNSON CONTROLS INTERNATION	3,576	$286K	<0.01%	-4,076	Timeline
TDWTIDEWATER INC NEW	6,694	$283K	<0.01%	-60	Timeline
XWIAXWESTERN ASSET INFLT LNK INC	33,548	$280K	<0.01%	0	Timeline
SYKSTRYKER CORPORATION	749	$279K	<0.01%	-5,619	Timeline
PDDPDD HOLDINGS INC	2,355	$279K	<0.01%	-56,230	Timeline
STXSEAGATE TECHNOLOGY HLDNGS PL	3,245	$276K	<0.01%	-5,067	Timeline
FMCFMC CORP	6,533	$276K	<0.01%	-5,249	Timeline
TFCTRUIST FINL CORP	6,532	$269K	<0.01%	+770	Timeline
CVNACARVANA CO	1,266	$265K	<0.01%	+1,068	Timeline
HSICSCHEIN HENRY INC	3,713	$254K	<0.01%	+1,334	Timeline
SMCISUPER MICRO COMPUTER INC	7,298	$250K	<0.01%	-9,052	Timeline
BALLBALL CORP	4,746	$247K	<0.01%	-12,498	Timeline
CBCHUBB LIMITED	791	$239K	<0.01%	-1,426	Timeline
VMCVULCAN MATLS CO	1,023	$239K	<0.01%	-2,308	Timeline
RJFRAYMOND JAMES FINL INC	1,694	$235K	<0.01%	-2,873	Timeline
MKTXMARKETAXESS HLDGS INC	1,077	$233K	<0.01%	+402	Timeline
KDPKEURIG DR PEPPER INC	6,794	$232K	<0.01%	-39,632	Timeline
DECKDECKERS OUTDOOR CORP	2,078	$232K	<0.01%	-629	Timeline
EQTEQT CORP	4,338	$232K	<0.01%	new	Timeline
INCYINCYTE CORP	3,786	$229K	<0.01%	+741	Timeline
WYNNWYNN RESORTS LTD	2,737	$229K	<0.01%	-4,504	Timeline
UTHRUNITED THERAPEUTICS CORP DEL	736	$227K	<0.01%	new	Timeline
PNRPENTAIR PLC	2,564	$224K	<0.01%	-2,872	Timeline
HBANHUNTINGTON BANCSHARES INC	14,740	$221K	<0.01%	-24,365	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	412	$219K	<0.01%	-46,646	Timeline
CORCENCORA INC	782	$217K	<0.01%	-719	Timeline
IPINTERNATIONAL PAPER CO	4,072	$217K	<0.01%	-2,177	Timeline
TLNTALEN ENERGY CORP	1,084	$216K	<0.01%	new	Timeline
SNDKSANDISK CORP	4,494	$214K	<0.01%	new	Timeline
KEYKEYCORP	13,232	$212K	<0.01%	-16,184	Timeline
CCICROWN CASTLE INC	2,003	$209K	<0.01%	-37,100	Timeline
FSLRFIRST SOLAR INC	1,633	$206K	<0.01%	-1,811	Timeline
HCAHCA HEALTHCARE INC	595	$206K	<0.01%	-3,840	Timeline
FITBFIFTH THIRD BANCORP	5,239	$205K	<0.01%	-17,721	Timeline
EMREMERSON ELEC CO	1,859	$204K	<0.01%	+1,814	Timeline
CRNCCERENCE INC	25,787	$204K	<0.01%	-7,368	Timeline
KNXKNIGHT-SWIFT TRANSN HLDGS IN	4,616	$201K	<0.01%	-191,161	Timeline
VTRSVIATRIS INC	21,536	$188K	<0.01%	-33,429	Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	15,965	$178K	<0.01%	-29,452
CRDFCARDIFF ONCOLOGY INC	51,190	$161K	<0.01%	0	Timeline
CLOVCLOVER HEALTH INVESTMENTS CO	42,897	$154K	<0.01%	new	Timeline
WOLFSPEED INCWOLFSPEED INC	33,800	$103K	<0.01%	+33,455
GSMFERROGLOBE PLC	25,270	$93.8K	<0.01%	new	Timeline
EOSEEOS ENERGY ENTERPRISES INC	24,187	$91.4K	<0.01%	new	Timeline
NESRNATIONAL ENERGY SERVICES REU	11,764	$86.6K	<0.01%	new	Timeline
RCATRED CAT HLDGS INC	13,167	$77.4K	<0.01%	new	Timeline
ALMSALUMIS INC	11,630	$71.4K	<0.01%	new	Timeline
BFLYBUTTERFLY NETWORK INC	30,666	$69.9K	<0.01%	new	Timeline
GEVOGEVO INC	51,974	$60.3K	<0.01%	new	Timeline
IRWDIRONWOOD PHARMACEUTICALS INC	40,000	$58.8K	<0.01%	new	Timeline
EBSEMERGENT BIOSOLUTIONS INC	11,840	$57.5K	<0.01%	new	Timeline
AMLXAMYLYX PHARMACEUTICALS INC	16,150	$57.2K	<0.01%	new	Timeline
ATYRATYR PHARMA INC	18,420	$55.6K	<0.01%	new	Timeline
OPENOPENDOOR TECHNOLOGIES INC	50,000	$51K	<0.01%	0	Timeline
MVSTMICROVAST HOLDINGS INC	40,236	$47.1K	<0.01%	new	Timeline
CIACITIZENS INC	10,184	$46.3K	<0.01%	new	Timeline
ELDNELEDON PHARMACEUTICALS INC	13,613	$46.1K	<0.01%	new	Timeline
UAMYUNITED STATES ANTIMONY CORP	18,858	$41.5K	<0.01%	new	Timeline
CRVSCORVUS PHARMACEUTICALS INC	12,644	$40.2K	<0.01%	new	Timeline
PLXPROTALIX BIOTHERAPEUTICS INC	15,336	$39.3K	<0.01%	new	Timeline
ACRSACLARIS THERAPEUTICS INC	23,564	$36.1K	<0.01%	new	Timeline
EXFYEXPENSIFY INC	11,632	$35.4K	<0.01%	new	Timeline
BRBSBLUE RIDGE BANKSHARES INC VA	10,478	$34.2K	<0.01%	new	Timeline
RZLTREZOLUTE INC	11,318	$32.8K	<0.01%	new	Timeline
KOPNKOPIN CORP	33,867	$31.6K	<0.01%	new	Timeline
SGMOQSANGAMO THERAPEUTICS INC	45,347	$29.7K	<0.01%	new	Timeline
VUZIVUZIX CORP	13,879	$28.3K	<0.01%	new	Timeline
DOUGDOUGLAS ELLIMAN INC	16,353	$28.1K	<0.01%	new	Timeline
KULR TECHNOLOGY GROUP INCKULR TECHNOLOGY GROUP INC	19,868	$26.2K	<0.01%	new
IKTINHIBIKASE THERAPEUTICS INC	11,067	$24.2K	<0.01%	new	Timeline
ALTOALTO INGREDIENTS INC	16,596	$18.9K	<0.01%	new	Timeline
ORGNORIGIN MATLS INC (DE)	26,432	$17.5K	<0.01%	new	Timeline
ONDSONDAS INC	14,510	$15.5K	<0.01%	new	Timeline
PLBYPLAYBOY INC	11,533	$12.7K	<0.01%	new	Timeline
BIODESIX INCBIODESIX INC	15,437	$9.65K	<0.01%	new
BWBABCOCK & WILCOX ENTERPRISES	13,841	$9.31K	<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).

The largest 100 of 782. All 782

Security	Type	Amount	Value	Change
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	15,318,600	$8.57B	+7,933,300
AMZNAMAZON COM INC COM	put	7,512,200	$1.43B	-396,600
NVDANVIDIA CORPORATION COM	put	12,973,500	$1.41B	-1,916,400
TSLATESLA INC COM	put	5,232,900	$1.36B	+3,630,700
MSFTMICROSOFT CORP COM	put	2,788,500	$1.05B	-2,854,700
QQQINVESCO QQQ TR COM	put	1,970,200	$924M	-1,525,500
QQQINVESCO QQQ TR COM	call	1,645,200	$771M	+329,200
AAPLAPPLE INC COM	put	2,828,000	$628M	-2,084,800
GOOGLALPHABET INC COM	put	3,968,900	$614M	+1,420,500
GLDSPDR GOLD TR GOLD SHS	call	1,944,100	$560M	new
SPYSTATE STR SPDR S&P 500 ETF T SHS	call	1,000,000	$559M	-160,000
IWMISHARES TR SHS	put	2,697,700	$538M	+1,016,700
HYGISHARES TR IBOXX HI YD ETF	put	6,180,700	$488M	+1,298,700
EEMISHARES TR MSCI EMG MKT ETF	put	6,527,700	$285M	+569,400
GOOGALPHABET INC COM	put	1,658,700	$259M	-297,100
BRK-BBERKSHIRE HATHAWAY INC DEL COM	put	384,900	$205M	+33,500
METAMETA PLATFORMS INC COM	put	324,700	$187M	-917,100
AMDADVANCED MICRO DEVICES INC COM	put	1,773,700	$182M	+1,245,000
NVDANVIDIA CORPORATION COM	call	1,569,400	$170M	-2,092,800
AAPLAPPLE INC COM	call	724,200	$161M	-949,900
XLFSELECT SECTOR SPDR TR SHS	put	3,044,000	$152M	+911,000
AVGOBROADCOM INC COM	put	857,200	$144M	-1,052,600
FXIISHARES TR CHINA LG-CAP ETF	put	3,658,600	$131M	-388,500
JPMJPMORGAN CHASE & CO COM	put	503,800	$124M	-628,200
XLESELECT SECTOR SPDR TR SHS	put	1,169,600	$109M	new
GDXVANECK ETF TRUST GOLD MINERS ETF	put	2,290,100	$105M	-527,100
GDXVANECK ETF TRUST GOLD MINERS ETF	call	2,290,100	$105M	-527,100
XOPSPDR SERIES TRUST S&P OILGAS EXP	put	755,500	$99.5M	+483,700
METAMETA PLATFORMS INC COM	call	167,300	$96.4M	-208,600
AMZNAMAZON COM INC COM	call	505,800	$96.2M	-567,300
XOPSPDR SERIES TRUST S&P OILGAS EXP	call	687,000	$90.5M	+278,900
WMTWALMART INC COM	put	997,300	$87.6M	-689,300
MSFTMICROSOFT CORP COM	call	232,400	$87.2M	-519,400
LLYELI LILLY & CO COM	put	101,800	$84.1M	-107,600
ABBVABBVIE INC COM	put	387,500	$81.2M	-91,200
SMHVANECK ETF TRUST COM	put	376,900	$79.7M	new
XLBSELECT SECTOR SPDR TR SBI MATERIALS	put	925,800	$79.6M	new
VVISA INC COM	put	212,400	$74.4M	-129,000
LQDISHARES TR SHS	put	600,000	$65.2M	-150,000
COSTCOSTCO WHOLESALE CORPORATION COM	put	68,500	$64.8M	-134,100
NFLXNETFLIX INC. COM	put	68,100	$63.5M	-194,800
UNHUNITEDHEALTH GROUP INC COM	put	117,400	$61.5M	-61,400
IWMISHARES TR SHS	call	306,800	$61.2M	-201,400
GOOGLALPHABET INC COM	call	379,400	$58.7M	-357,500
MAMASTERCARD INCORPORATED COM	put	105,800	$58M	-61,200
IBMINTERNATIONAL BUSINESS MACHS COM	put	231,500	$57.6M	-34,800
JNJJOHNSON & JOHNSON COM	put	343,100	$56.9M	-165,500
HDHOME DEPOT INC COM	put	147,600	$54.1M	-143,200
XLISELECT SECTOR SPDR TR INDL	put	411,500	$53.9M	new
PLTRPALANTIR TECHNOLOGIES INC COM	put	634,300	$53.5M	+322,100
BACBANK OF AMER CORP COM	put	1,232,200	$51.4M	-1,516,000
XOMEXXON MOBIL CORP COM	put	413,100	$49.1M	-728,852
BRK-BBERKSHIRE HATHAWAY INC DEL COM	call	88,700	$47.2M	-2,800
KOCOCA COLA CO COM	put	645,300	$46.2M	+76,400
WFCWELLS FARGO & CO COM	put	637,800	$45.8M	-799,100
MSMORGAN STANLEY COM	put	384,000	$44.8M	-589,800
IBITISHARES BITCOIN TRUST ETF SHS	put	954,100	$44.7M	+650,000
MUMICRON TECHNOLOGY INC COM	put	510,100	$44.3M	-212,500
CRMSALESFORCE INC COM	put	158,400	$42.5M	-282,700
AVGOBROADCOM INC COM	call	225,400	$37.7M	-233,500
SMHVANECK ETF TRUST COM	call	178,400	$37.7M	new
SCHWCHARLES SCHWAB CORP (THE) COM	put	477,100	$37.3M	+39,800
ORCLORACLE CORP COM	put	264,400	$37M	-253,000
GOOGALPHABET INC COM	call	236,400	$36.9M	-288,900
MCDMCDONALDS CORP COM	put	117,300	$36.6M	-80,900
QCOMQUALCOMM INC COM	put	236,500	$36.3M	-323,800
TMUST-MOBILE US INC COM	put	133,700	$35.7M	-147,600
CSCOCISCO SYS INC COM	put	574,300	$35.4M	-420,000
ABTABBOTT LABORATORIES COM	put	257,600	$34.2M	-102,600
BABOEING CO COM	put	194,800	$33.2M	-70,000
TSLATESLA INC COM	call	126,700	$32.8M	-261,400
INTCINTEL CORP COM	put	1,442,100	$32.8M	+136,000
DISDISNEY WALT CO COM	put	330,300	$32.6M	-266,900
BACBANK OF AMER CORP COM	call	771,900	$32.2M	+88,500
ADBEADOBE INC COM	put	81,100	$31.1M	-105,200
PGPROCTER & GAMBLE CO COM	put	173,700	$29.6M	-347,000
LINLINDE PLC COM	put	63,400	$29.5M	-24,400
RTXRTX CORPORATION COM	put	221,900	$29.4M	-56,900
CVXCHEVRON CORPORATION COM	put	173,100	$29M	-159,400
JPMJPMORGAN CHASE & CO COM	call	116,000	$28.5M	-238,700
IBMINTERNATIONAL BUSINESS MACHS COM	call	111,600	$27.8M	-9,300
UBERUBER TECHNOLOGIES INC COM	put	370,600	$27M	-178,100
GSGOLDMAN SACHS GROUP INC COM	put	48,400	$26.4M	-81,900
STZCONSTELLATION BRANDS INC Stock	call	141,500	$26M	+126,200
JNJJOHNSON & JOHNSON COM	call	155,200	$25.7M	-168,200
VVISA INC COM	call	72,100	$25.3M	-63,800
AMGNAMGEN INC COM	put	78,400	$24.4M	-54,900
BMYBRISTOL-MYERS SQUIBB CO COM	put	400,300	$24.4M	-224,100
TAT&T INC COM	put	853,000	$24.1M	-1,481,600
EEMISHARES TR MSCI EMG MKT ETF	call	551,800	$24.1M	-337,500
MRKMERCK & CO INC COM	put	267,100	$24M	-170,200
GEGE AEROSPACE COM	put	118,300	$23.7M	-162,900
COFCAPITAL ONE FINL CORP COM	put	131,300	$23.5M	+53,100
PMPHILIP MORRIS INTL INC COM	put	146,800	$23.3M	-109,600
GILDGILEAD SCIENCES INC COM	put	206,500	$23.1M	-160,800
AMDADVANCED MICRO DEVICES INC COM	call	217,300	$22.3M	+114,400
ABBVABBVIE INC COM	call	102,600	$21.5M	-82,300
COSTCOSTCO WHOLESALE CORPORATION COM	call	22,700	$21.5M	-22,500
VZVERIZON COMMUNICATIONS INC COM	put	460,500	$20.9M	-824,500
UNPUNION PAC CORP COM	put	85,900	$20.3M	-36,800

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
NOVA LTDNOVA LTD BOND	principal	50,702,000	$125M	-7,448,000
UNITED STATES STL CORPUNITED STATES STL CORP NOTE 5.000%11/0	principal	31,584,000	$100M	+8,084,000
ZSCALER INCZSCALER INC NOTE 0.125% 7/0	principal	71,500,000	$95M	0
VARONIS SYS INCVARONIS SYS INC BOND	principal	61,779,000	$82.4M	0
INNOVIVA INCINNOVIVA INC NOTE 2.500% 8/1	principal	60,630,000	$66.8M	+575,000
NEOGENOMICS INCNEOGENOMICS INC Convertible Debt	principal	65,777,000	$65.6M	0
AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A	principal	67,681,000	$64.8M	+25,681,000
LIVONGO HEALTH INCLIVONGO HEALTH INC NOTE 0.875% 6/0	principal	63,621,000	$63.1M	0
INSMED INCINSMED INC NOTE 0.750% 6/0	principal	26,531,000	$63M	+15,000,000
CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1	principal	61,426,000	$61.8M	-16,500,000
INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0	principal	22,532,000	$60.6M	+1,750,000
Shift4 Payments IncShift4 Payments Inc Convertible bond	principal	46,141,000	$53M	+26,719,000
IONIS PHARMACEUTICALS INIONIS PHARMACEUTICALS IN NOTE 4/0	principal	50,950,000	$50.1M	0
CNX RES CORPCNX RES CORP NOTE 2.250% 5/0	principal	20,104,000	$49.5M	0
DIGITALOCEAN HLDGS INCDIGITALOCEAN HLDGS INC CNV	principal	52,590,000	$49.1M	+48,000,000
DATADOG INCDATADOG INC NOTE 0.125% 6/1	principal	42,000,000	$47.2M	-5,000,000
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0	principal	45,110,000	$44.1M	+3,000,000
PERMIAN RES OPER LLCPERMIAN RES OPER LLC NOTE 3.250% 4/0	principal	17,607,000	$42.9M	+1,000,000
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0	principal	42,867,000	$42.8M	-14,500,000
XERIS BIOPHARMA HOLDINGS INCXERIS BIOPHARMA HOLDINGS INC NOTE 8.000% 7/1	principal	20,900,000	$39.9M	new
DEXCOM INCDEXCOM INC NOTE 0.250%11/1	principal	39,533,000	$38.6M	0
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 3.250%10/0	principal	36,489,000	$38M	0
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1	principal	36,000,000	$34.4M	+21,500,000
CYTOKINETICS INCCYTOKINETICS INC NOTE 4.000%11/1	principal	8,631,000	$32.9M	0
CINEMARK HLDGS INCCINEMARK HLDGS INC NOTE 4.500% 8/1	principal	18,533,000	$32.4M	-5,755,000
FIVE9 INCFIVE9 INC NOTE 0.500% 6/0	principal	32,357,000	$32.1M	0
DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1	principal	33,275,000	$31.9M	new
SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1	principal	26,000,000	$31.1M	+11,000,000
WAYFAIR INCWAYFAIR INC Convertible bond	principal	28,000,000	$30M	0
HCI GROUP INCHCI GROUP INC NOTE 4.750% 6/0	principal	12,600,000	$23.5M	0
PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1	principal	21,000,000	$22.5M	-6,000,000
RAPID7 INCRAPID7 INC NOTE 0.250% 3/1	principal	23,950,000	$22M	+19,768,000
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0	principal	16,992,000	$20.8M	+8,500,000
VAREX IMAGING CORPVAREX IMAGING CORP NOTE 4.000% 6/0	principal	20,000,000	$20M	0
CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1	principal	14,000,000	$19.5M	new
TripAdvisor IncTripAdvisor Inc CONV	principal	20,104,000	$19.3M	+12,500,000
VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0	principal	15,000,000	$19.3M	0
IMAX CORPIMAX CORP NOTE 0.500% 4/0	principal	16,107,000	$17.9M	0
LYFT INCLYFT INC NOTE 1.500% 5/1	principal	17,500,000	$17.5M	0
OMNICELL COMOMNICELL COM NOTE 0.250% 9/1	principal	16,853,000	$16.5M	0
ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 1/1	principal	16,925,000	$16.3M	0
MAKEMYTRIP LIMITED MAURITIUSMAKEMYTRIP LIMITED MAURITIUS NOTE 2/1	principal	6,000,000	$15.4M	0
BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0	principal	16,752,000	$15.2M	0
FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0	principal	14,500,000	$14.7M	0
EVERGY INCEVERGY INC NOTE 4.500%12/1	principal	12,000,000	$14.1M	0
NATIONAL VISION HLDGS INCNATIONAL VISION HLDGS INC NOTE 2.500% 5/1	principal	14,022,000	$14M	-5,000,000
SOUTHERN COSOUTHERN CO NOTE 3.875%12/1	principal	12,500,000	$13.9M	0
DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND	principal	12,500,000	$13.6M	0
RAPID7 INCRAPID7 INC NOTE 2.250% 5/0	principal	12,850,000	$12.8M	0
EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1	principal	13,500,000	$12.4M	+5,500,000
TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1	principal	12,180,000	$11.5M	new
CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0	principal	9,500,000	$10.9M	new
PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0	principal	10,907,000	$10.8M	0
ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1	principal	10,000,000	$10.7M	0
TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1	principal	8,651,000	$10.6M	new
GUESS INCGUESS INC BOND	principal	10,000,000	$9.21M	-4,511,000
MESA LABS INCMESA LABS INC NOTE 1.375% 8/1	principal	9,116,000	$8.9M	0
SEA LTDSEA LTD NOTE 0.250% 9/1	principal	9,500,000	$8.88M	0
ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1	principal	7,500,000	$8.65M	0
GRANITE CONSTR INCGRANITE CONSTR INC NOTE 3.750% 5/1	principal	4,651,000	$7.99M	0
NOVAVAX INCNOVAVAX INC NOTE 5.000%12/1	principal	8,700,000	$7.96M	0
MANNKIND CORPMANNKIND CORP NOTE 2.500% 3/0	principal	6,729,000	$7.78M	+1,479,000
INNOVIVA INCINNOVIVA INC NOTE 2.125% 3/1	principal	7,500,000	$7.26M	0
LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible	principal	5,000,000	$7.07M	new
BANDWIDTH INCBANDWIDTH INC NOTE 0.500% 4/0	principal	8,500,000	$6.87M	-1,500,000
GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1	principal	7,200,000	$6.4M	-7,500,000
CONMED CORPCONMED CORP NOTE 2.250% 6/1	principal	6,500,000	$6.12M	0
PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 1.500%10/1	principal	5,500,000	$5.89M	0
Dynavax Technologies CorpDynavax Technologies Corp Convertible bond	principal	5,000,000	$4.98M	new
GOSSAMER BIO INCGOSSAMER BIO INC NOTE 5.000% 6/0	principal	8,793,000	$4.97M	-207,000
NIO INCNIO INC NOTE 4.625%10/1	principal	7,000,000	$4.87M	-1,750,000
GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0	principal	5,000,000	$4.74M	new
SNAP INCSNAP INC NOTE 5/0	principal	5,000,000	$4.47M	0
ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond	principal	3,500,000	$4.16M	new
ACCURAY INC DELACCURAY INC DEL NOTE 3.750% 6/0	principal	4,500,000	$4.14M	0
OMEROS CORPOMEROS CORP NOTE 5.250% 2/1	principal	4,410,000	$4.05M	0
ALPHATEC HLDGS INCALPHATEC HLDGS INC NOTE 0.750% 8/0	principal	3,801,000	$3.78M	+301,000
DISH NETWORK CORPORATIONDISH NETWORK CORPORATION NOTE 12/1	principal	3,540,000	$3.24M	0
NEOGENOMICS INCNEOGENOMICS INC NOTE 0.250% 1/1	principal	3,708,000	$3.22M	-2,000,000
INOTIV INCINOTIV INC Convertible Bond	principal	9,510,000	$3.18M	0
ZYNEX INCZYNEX INC NOTE 5.000% 5/1	principal	4,000,000	$3.03M	0
VERINT SYSTEMS INCVERINT SYSTEMS INC BOND	principal	2,800,000	$2.66M	new
APPLIED OPTOELECTRONICS INCAPPLIED OPTOELECTRONICS INC NOTE 5.250%12/1	principal	2,500,000	$2.53M	0
HAEMONETICS CORP MASSHAEMONETICS CORP MASS NOTE 3/0	principal	2,550,000	$2.45M	new
INFINERA CORPINFINERA CORP BOND	principal	2,000,000	$2.41M	0
WOLFSPEED INCWOLFSPEED INC NOTE 1.875%12/0	principal	10,000,000	$2.25M	0
WOLFSPEED INCWOLFSPEED INC NOTE 0.250% 2/1	principal	8,000,000	$1.99M	-2,000,000
CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP Convertible Bond	principal	2,000,000	$1.95M	0
CENTURY ALUM COCENTURY ALUM CO NOTE 2.750% 5/0	principal	1,530,000	$1.87M	0
OKTA INCOKTA INC NOTE 0.125% 9/0	principal	1,822,000	$1.79M	0
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1	principal	2,000,000	$1.74M	-3,000,000
VERITONE INCVERITONE INC NOTE 1.750%11/1	principal	4,000,000	$1.68M	0
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0	principal	1,500,000	$1.46M	new
REDFIN CORPREDFIN CORP NOTE 0.500% 4/0	principal	1,500,000	$1.32M	-1,500,000

Sold out in Q1 2025

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

The largest 100 of 661. All 661

Security	Shares before	Value before	Type
XLFSELECT SECTOR SPDR TR	3,642,900	$176M	call
INSIGHT ENTERPRISES INCINSIGHT ENTERPRISES INC	48,257,000	$108M	principal
EXACT SCIENCES CORPEXACT SCIENCES CORP	61,371,000	$61.3M	principal
WAYFAIR INCWAYFAIR INC	55,341,000	$51.4M	principal
IYRISHARES TR	300,000	$27.9M	put
ALTAIR ENGR INCALTAIR ENGR INC	16,000,000	$24.9M	principal
FXIISHARES TR	809,400	$24.6M	call
GDXVANECK ETF TRUST	722,625	$24.5M	shares
JNJJOHNSON & JOHNSON	155,000	$22.4M	shares
KRESPDR SERIES TRUST	294,200	$17.8M	put
NUVASIVE INCNUVASIVE INC	17,000,000	$16.9M	principal
LIVENT CORPLIVENT CORP	7,973,000	$11.7M	principal
COHERUS ONCOLOGY INCCOHERUS ONCOLOGY INC	9,198,000	$8.96M	principal
LINLINDE PLC	19,896	$8.33M	shares
SNOWSNOWFLAKE INC	52,500	$8.11M	put
CNKCINEMARK HLDGS INC	250,000	$7.75M	put
VZVERIZON COMMUNICATIONS INC	192,314	$7.69M	shares
LUCID GROUP INCLUCID GROUP INC	2,495,800	$7.54M	put
RBLXROBLOX CORP	126,900	$7.34M	put
SNOWSNOWFLAKE INC	47,500	$7.33M	call
RIVNRIVIAN AUTOMOTIVE INC	500,000	$6.65M	put
GRALGRAIL INC	369,800	$6.6M	shares
BKNGBOOKING HOLDINGS INC	1,300	$6.46M	call
TMUST-MOBILE US INC	28,264	$6.24M	shares
LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN	4,500,000	$6.14M	principal
ATIATI INC	108,000	$5.94M	shares
RBLXROBLOX CORP	101,900	$5.9M	call
XLESELECT SECTOR SPDR TR	66,825	$5.72M	shares
TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC	5,893,000	$5.64M	principal
ECLECOLAB INC	22,997	$5.39M	shares
HUMHUMANA INC	21,028	$5.34M	shares
AMTAMERICAN TOWER CORP	28,124	$5.16M	shares
MCDMCDONALDS CORP	17,565	$5.09M	shares
HOLXHOLOGIC INC	66,852	$4.82M	shares
KLACKLA CORP	7,610	$4.8M	shares
GWWWW GRAINGER INC	4,504	$4.75M	shares
MKLMARKEL GROUP INC	2,693	$4.65M	shares
FFORD MTR CO	405,409	$4.01M	shares
REGNREGENERON PHARMACEUTICALS	5,301	$3.78M	shares
MSTRSTRATEGY INC	12,590	$3.65M	shares
NEMNEWMONT CORP	97,533	$3.63M	shares
CVNACARVANA CO	17,500	$3.56M	put
URBNURBAN OUTFITTERS INC	59,500	$3.27M	put
URBNURBAN OUTFITTERS INC	59,500	$3.27M	call
VRTXVERTEX PHARMACEUTICALS INC	7,980	$3.21M	shares
TEAMATLASSIAN CORPORATION	13,100	$3.19M	put
GBXGREENBRIER COS INC	51,621	$3.15M	shares
USRTISHARES TR	54,374	$3.12M	shares
MMACYS INC	183,400	$3.1M	call
CWBSPDR SERIES TRUST	38,601	$3.01M	shares
GFSGLOBALFOUNDRIES INC	68,100	$2.92M	put
REGNREGENERON PHARMACEUTICALS	4,000	$2.85M	put
SPLVINVESCO EXCH TRADED FD TR II	40,002	$2.8M	shares
INTUINTUIT	4,421	$2.78M	shares
BKNGBOOKING HOLDINGS INC	544	$2.7M	shares
MCOMOODYS CORP	5,600	$2.65M	put
MELIMERCADOLIBRE INC	1,500	$2.55M	put
FDNFIRST TR EXCHANGE-TRADED FD	10,381	$2.52M	shares
BAXBAXTER INTL INC	82,085	$2.39M	shares
OREALTY INCOME CORP	44,713	$2.39M	shares
BMYBRISTOL-MYERS SQUIBB CO	39,808	$2.25M	shares
APTVAPTIV PLC	37,200	$2.25M	call
GFSGLOBALFOUNDRIES INC	52,300	$2.24M	shares
BDXBECTON DICKINSON & CO	9,788	$2.22M	shares
MRSHMARSH & MCLENNAN COS INC	10,275	$2.18M	shares
SSDSIMPSON MFG INC	13,100	$2.17M	shares
AHRAMERICAN HEALTHCARE REIT INC	76,418	$2.17M	shares
EQIXEQUINIX INC	2,300	$2.17M	put
VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC	2,284,000	$2.05M	principal
ALBALBEMARLE CORP	23,800	$2.05M	call
CIBRFIRST TR EXCHANGE-TRADED FD	31,829	$2.02M	shares
IDXXIDEXX LABS INC	4,500	$1.86M	call
GILDGILEAD SCIENCES INC	19,692	$1.82M	shares
EQIXEQUINIX INC	1,929	$1.82M	shares
VEECO INSTRS INC DELVEECO INSTRS INC DEL	1,500,000	$1.82M	principal
MRVLMARVELL TECHNOLOGY INC	15,900	$1.76M	call
ONONON HLDG AG	29,700	$1.63M	put
ONONON HLDG AG	29,700	$1.63M	call
OTISOTIS WORLDWIDE CORP	17,200	$1.59M	call
MDBMONGODB INC	6,800	$1.58M	put
MDBMONGODB INC	6,771	$1.58M	shares
AZOAUTOZONE INC	492	$1.58M	shares
MCOMOODYS CORP	3,187	$1.51M	shares
KVUEKENVUE INC	69,950	$1.49M	shares
UFPIUFP INDUSTRIES INC	13,142	$1.48M	shares
IDXXIDEXX LABS INC	3,528	$1.46M	shares
FSLRFIRST SOLAR INC	8,200	$1.45M	call
PHPARKER-HANNIFIN CORP	2,268	$1.44M	shares
TDGTRANSDIGM GROUP INC	1,135	$1.44M	shares
AJGGALLAGHER ARTHUR J & CO	5,057	$1.44M	shares
FOOT LOCKER INCFOOT LOCKER INC	65,700	$1.43M	put
ORLYOREILLY AUTOMOTIVE INC	1,201	$1.42M	shares
CMACOMERICA INC	22,800	$1.41M	put
ZIONZIONS BANCORPORATION NATL AS	25,600	$1.39M	put
AMPAMERIPRISE FINL INC	2,600	$1.38M	put
ROKROCKWELL AUTOMATION INC	4,800	$1.37M	put
MTARCELORMITTAL SA LUXEMBOURG	58,870	$1.36M	shares
VICIVICI PPTYS INC	46,054	$1.35M	shares
ETRENTERGY CORP NEW	17,734	$1.34M	shares
PSAPUBLIC STORAGE	4,436	$1.33M	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 0001426196-25-000001	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC