CAPSTONE INVESTMENT ADVISORS, LLC
Follow13F filer, CIK 1426196, NEW YORK, NY
CAPSTONE INVESTMENT ADVISORS, LLC reported $51,086,110,079 across 1,530 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 54.7% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001426196-26-000001
- Period
- 2025-12-31
- Reported value
- $51.1B
- Holdings
- 1,530
- Top 10 weight
- 54.7%
- New
- 273
- Sold out
- 632
Part of the filer group CAPSTONE INVESTMENT ADVISORS, LLC
How groups are builtLargest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| IVVadded | +818,601 | $561M |
| GOOGLadded | +1,478,690 | $463M |
| NVDAadded | +1,876,233 | $350M |
| GOOGadded | +684,808 | $215M |
| METAadded | +252,288 | $167M |
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 |
|---|---|---|
| MSFTreduced | -1,418,689 | -$686M |
| AMZNreduced | -2,072,532 | -$478M |
| TSLAreduced | -1,003,606 | -$451M |
| Creduced | -554,069 | -$64.7M |
| CORZreduced | -4,185,000 | -$60.9M |
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.
Back to all 720 share positions
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 |
|---|---|---|---|---|
| URIUNITED RENTALS INC Stock | call | 1,200 | $971K | 0 |
| LYFTLYFT INC CL A COM | call | 50,000 | $968K | new |
| SHOPSHOPIFY INC CL A SUB VTG SHS | call | 6,000 | $966K | new |
| UALUNITED AIRLS HLDGS INC Stock | call | 8,600 | $962K | -2,300 |
| ROSTROSS STORES INC Stock | call | 5,300 | $955K | -4,100 |
| FFORD MTR CO Stock | call | 72,600 | $953K | +2,400 |
| VTRVENTAS INC REIT | put | 12,300 | $952K | -2,500 |
| TROWPRICE T ROWE GROUP INC Stock | put | 9,100 | $932K | -8,400 |
| REGNREGENERON PHARMACEUTICALS Stock | put | 1,200 | $926K | 0 |
| PCARPACCAR INC Stock | call | 8,400 | $920K | -7,900 |
| NOCNORTHROP GRUMMAN CORP Stock | call | 1,600 | $912K | -200 |
| NCLHNORWEGIAN CRUISE LINE HLDGS Stock | call | 40,800 | $911K | +22,200 |
| BLDRBUILDERS FIRSTSOURCE INC Stock | call | 8,800 | $905K | new |
| VFCV F CORP Stock | call | 50,000 | $904K | new |
| MCKMCKESSON CORP Stock | put | 1,100 | $902K | -4,100 |
| EBAYEBAY INC. Stock | call | 10,300 | $897K | -100 |
| PPGPPG INDS INC Stock | put | 8,700 | $891K | -3,000 |
| PEGPUBLIC SVC ENTERPRISE GROUP Stock | put | 11,100 | $891K | -3,800 |
| LYBLYONDELLBASELL INDUSTRIES NV Stock | put | 20,500 | $888K | -3,100 |
| WMWASTE MGMT INC DEL COM | call | 4,000 | $879K | -7,900 |
| KKRKKR & CO INC COM | call | 6,800 | $867K | -9,500 |
| MNSTMONSTER BEVERAGE CORP NEW Stock | call | 11,300 | $866K | -4,100 |
| APOAPOLLO GLOBAL MGMT INC Stock | call | 5,900 | $854K | -4,000 |
| BDXBECTON DICKINSON & CO COM | put | 4,400 | $854K | -1,300 |
| SHOPSHOPIFY INC CL A SUB VTG SHS | put | 5,300 | $853K | 0 |
| MDBMONGODB INC Stock | put | 2,000 | $839K | -10,800 |
| MDBMONGODB INC Stock | call | 2,000 | $839K | -10,500 |
| USBUS BANCORP COM NEW | call | 15,600 | $832K | -35,600 |
| TSCOTRACTOR SUPPLY CO Stock | put | 16,600 | $830K | -12,000 |
| HPQHP INC Stock | put | 36,800 | $820K | -75,700 |
| CTSHCOGNIZANT TECHNOLOGY SOLUTIO Stock | call | 9,800 | $813K | -4,500 |
| VSTVISTRA CORP Stock | call | 5,000 | $807K | -3,100 |
| AFLAFLAC INC Stock | call | 7,300 | $805K | -4,200 |
| WSMWILLIAMS SONOMA INC Stock | put | 4,500 | $804K | 0 |
| EXCEXELON CORP Stock | call | 18,400 | $802K | -8,900 |
| KVUEKENVUE INC COM | call | 46,100 | $795K | -16,200 |
| PNCPNC FINL SVCS GROUP INC Stock | call | 3,800 | $793K | -6,700 |
| LYVLIVE NATION ENTERTAINMENT IN Stock | put | 5,500 | $784K | -4,500 |
| NXPINXP SEMICONDUCTORS N V Stock | call | 3,600 | $781K | -4,000 |
| KRKROGER CO Stock | call | 12,500 | $781K | -6,900 |
| BIIBBIOGEN INC Stock | call | 4,400 | $774K | -300 |
| APDAIR PRODUCTS AND CHEMICALS I COM | call | 3,100 | $766K | -1,500 |
| CTRACOTERRA ENERGY INC Stock | put | 28,900 | $761K | +200 |
| IFFINTERNATIONAL FLAVORS&FRAGRA Stock | put | 11,200 | $755K | -4,300 |
| TGTTARGET CORP Stock | call | 7,700 | $753K | -31,300 |
| BLKBLACKROCK INC COM | call | 700 | $749K | -800 |
| STZCONSTELLATION BRANDS INC Stock | put | 5,400 | $745K | -12,900 |
| MARMARRIOTT INTL INC NEW Stock | call | 2,400 | $745K | -4,500 |
| RCLROYAL CARIBBEAN GROUP Stock | call | 2,600 | $725K | -2,800 |
| MPCMARATHON PETE CORP Stock | call | 4,400 | $716K | -4,600 |
| BNTXBIONTECH SE ADR | call | 7,500 | $714K | new |
| SNDKSANDISK CORP COM | call | 3,000 | $712K | new |
| DLRDIGITAL RLTY TR INC REIT | call | 4,600 | $712K | -4,600 |
| EXPEEXPEDIA GROUP INC Stock | call | 2,500 | $708K | -100 |
| AKAMAKAMAI TECHNOLOGIES INC Stock | put | 8,100 | $707K | -6,600 |
| SWSMURFIT WESTROCK PLC Stock | call | 18,200 | $704K | new |
| SPGSIMON PPTY GROUP INC NEW REIT | call | 3,800 | $703K | -5,800 |
| HPEHEWLETT PACKARD ENTERPRISE C Stock | call | 29,200 | $701K | -19,200 |
| AZNASTRAZENECA PLC-SPONS ADR ADR | put | 7,600 | $699K | -1,100 |
| RIOTRIOT PLATFORMS INC COM | put | 54,900 | $696K | 0 |
| CCLCARNIVAL CORP Stock | call | 22,700 | $693K | -8,600 |
| PCGPG&E CORP Stock | call | 42,500 | $683K | -22,200 |
| IPINTERNATIONAL PAPER CO Stock | put | 17,200 | $678K | -16,100 |
| PLDPROLOGIS INC. COM | call | 5,300 | $677K | -7,400 |
| AAGILENT TECHNOLOGIES INC Stock | call | 4,900 | $667K | -1,200 |
| ALBALBEMARLE CORP COM | call | 4,700 | $665K | new |
| FDXFEDEX CORP Stock | call | 2,300 | $664K | -4,000 |
| DHID R HORTON INC Stock | call | 4,600 | $663K | -1,100 |
| OKEONEOK INC NEW COM | call | 9,000 | $662K | -4,300 |
| ROKROCKWELL AUTOMATION INC Stock | put | 1,700 | $661K | -400 |
| DDOMINION ENERGY INC Stock | call | 11,100 | $650K | -12,800 |
| ZBHZIMMER BIOMET HOLDINGS INC Stock | put | 7,200 | $647K | -2,700 |
| BLKBLACKROCK INC COM | put | 600 | $642K | -100 |
| CAHCARDINAL HEALTH INC COM | call | 3,100 | $637K | -2,000 |
| JCIJOHNSON CONTROLS INTERNATION Stock | call | 5,300 | $635K | -5,200 |
| BAXBAXTER INTL INC COM | put | 33,100 | $633K | -2,200 |
| EOGEOG RES INC Stock | call | 6,000 | $630K | -5,300 |
| FSLRFIRST SOLAR INC Stock | put | 2,400 | $627K | -2,700 |
| TPRTAPESTRY INC Stock | put | 4,900 | $626K | -1,300 |
| ALLALLSTATE CORP Stock | call | 3,000 | $624K | -1,800 |
| NUENUCOR CORP Stock | call | 3,800 | $620K | -3,900 |
| COPCONOCOPHILLIPS COM | call | 6,600 | $618K | -20,800 |
| APTVAPTIV PLC COM SHS | put | 8,100 | $616K | -8,600 |
| HUMHUMANA INC Stock | call | 2,400 | $615K | -26,300 |
| DXCMDEXCOM INC Stock | call | 9,200 | $611K | -5,100 |
| IRINGERSOLL RAND INC Stock | put | 7,700 | $610K | -6,800 |
| RFREGIONS FINANCIAL CORP NEW Stock | put | 22,500 | $610K | -5,400 |
| XBISPDR SERIES TRUST S&P BIOTECH | put | 5,000 | $610K | new |
| APPAPPLOVIN CORP Stock | put | 900 | $606K | -3,100 |
| ELLAUDER ESTEE COS INC Stock | call | 5,700 | $597K | -5,500 |
| BMRNBIOMARIN PHARMACEUTICAL INC COM | put | 10,000 | $594K | new |
| CLCOLGATE PALMOLIVE CO Stock | call | 7,500 | $593K | -5,700 |
| KMIKINDER MORGAN INC DEL Stock | call | 21,300 | $586K | -22,300 |
| MCHPMICROCHIP TECHNOLOGY INC. Stock | call | 9,100 | $580K | -10,900 |
| SKYDPARAMOUNT SKYDANCE CORP COM CL B | call | 42,600 | $571K | 0 |
| DRIDARDEN RESTAURANTS INC Stock | put | 3,100 | $570K | -27,400 |
| VLOVALERO ENERGY CORP Stock | call | 3,500 | $570K | -2,700 |
| MDLZMONDELEZ INTL INC COM | call | 10,500 | $565K | -13,700 |
| TRVTRAVELERS COMPANIES INC Stock | put | 1,900 | $551K | +500 |
| CARRCARRIER GLOBAL CORPORATION Stock | call | 10,400 | $550K | -14,600 |
| PWRQUANTA SVCS INC COM | call | 1,300 | $549K | -200 |
| OXYOCCIDENTAL PETE CORP COM | call | 13,300 | $547K | -10,000 |
| CTASCINTAS CORP Stock | call | 2,900 | $545K | -2,300 |
| TTTRANE TECHNOLOGIES PLC Stock | call | 1,400 | $545K | 0 |
| MGMMGM RESORTS INTERNATIONAL COM | put | 14,900 | $544K | -15,000 |
| WDAYWORKDAY INC Stock | call | 2,500 | $537K | -4,100 |
| BALLBALL CORP COM | put | 10,000 | $530K | -8,400 |
| GEHCGE HEALTHCARE TECHNOLOGIES I Stock | call | 6,400 | $525K | -6,200 |
| EWEDWARDS LIFESCIENCES CORP Stock | call | 6,100 | $520K | -3,200 |
| ORLYOREILLY AUTOMOTIVE INC Stock | call | 5,600 | $511K | -1,400 |
| MOSMOSAIC CO Stock | put | 21,200 | $511K | -9,300 |
| TFCTRUIST FINL CORP Stock | call | 10,300 | $507K | -11,400 |
| MRVLMARVELL TECHNOLOGY INC COM | call | 5,900 | $501K | -3,000 |
| PSXPHILLIPS 66 Stock | call | 3,800 | $490K | -6,700 |
| PPLPPL CORP Stock | put | 13,900 | $487K | -3,900 |
| DVNDEVON ENERGY CORP NEW Stock | call | 13,100 | $480K | -9,100 |
| JBLJABIL INC Stock | call | 2,100 | $479K | -300 |
| ZTSZOETIS INC Stock | call | 3,800 | $478K | -2,000 |
| BLDRBUILDERS FIRSTSOURCE INC Stock | put | 4,600 | $473K | -3,700 |
| TSNTYSON FOODS INC Stock | put | 8,000 | $469K | -12,300 |
| KHCKRAFT HEINZ CO Stock | call | 19,000 | $461K | -7,300 |
| TEAMATLASSIAN CORPORATION STOK | put | 2,800 | $454K | -200 |
| KDPKEURIG DR PEPPER INC Stock | call | 16,200 | $454K | -4,800 |
| SHWSHERWIN WILLIAMS CO COM | call | 1,400 | $454K | -1,900 |
| HONHONEYWELL INTL INC COM | put | 2,300 | $449K | -70,900 |
| ADMARCHER DANIELS MIDLAND CO Stock | call | 7,800 | $448K | -2,400 |
| TERTERADYNE INC Stock | call | 2,300 | $445K | -900 |
| CRDOCREDO TECHNOLOGY GROUP HOLDI Stock | call | 3,000 | $432K | new |
| GDDYGODADDY INC Stock | put | 3,400 | $422K | -1,100 |
| GISGENERAL MILLS INC Stock | call | 9,000 | $418K | -5,100 |
| NDAQNASDAQ INC Stock | call | 4,300 | $418K | -2,900 |
| BDXBECTON DICKINSON & CO COM | call | 2,100 | $408K | -600 |
| LUVSOUTHWEST AIRLS CO STOK | put | 9,800 | $405K | -10,800 |
| DRIDARDEN RESTAURANTS INC Stock | call | 2,200 | $405K | -1,300 |
| HALHALLIBURTON CO Stock | call | 14,300 | $404K | -20,600 |
| NTAPNETAPP INC Stock | call | 3,700 | $396K | -2,200 |
| TRGPTARGA RES CORP Stock | call | 2,100 | $387K | -2,900 |
| VTRSVIATRIS INC Stock | put | 30,600 | $381K | -11,100 |
| PPGPPG INDS INC Stock | call | 3,700 | $379K | -1,000 |
| LVSLAS VEGAS SANDS CORP Stock | call | 5,700 | $371K | -7,400 |
| HASHASBRO INC Stock | put | 4,500 | $369K | -2,100 |
| FSLRFIRST SOLAR INC Stock | call | 1,400 | $366K | 0 |
| CFCF INDUSTRIES HOLD Stock | put | 4,700 | $363K | -5,100 |
| ONON SEMICONDUCTOR CORP Stock | call | 6,700 | $363K | -9,200 |
| VICIVICI PPTYS INC REIT | put | 12,800 | $360K | -2,400 |
| DLTRDOLLAR TREE INC Stock | call | 2,900 | $357K | -30,000 |
| EXEEXPAND ENERGY CORPORATION Stock | put | 3,200 | $353K | -1,100 |
| KMBKIMBERLY-CLARK CORP Stock | call | 3,500 | $353K | -1,100 |
| KEYKEYCORP Stock | put | 17,000 | $351K | -6,100 |
| FEFIRSTENERGY CORP COM | call | 7,800 | $349K | -2,100 |
| EQTEQT CORP Stock | call | 6,400 | $343K | -31,100 |
| MTBM & T BK CORP Stock | call | 1,700 | $343K | -1,000 |
| AESAES CORP Stock | put | 23,800 | $341K | -4,900 |
| CHWYCHEWY INC STOK | call | 10,000 | $330K | -16,000 |
| HBANHUNTINGTON BANCSHARES INC Stock | put | 19,000 | $330K | -16,500 |
| HWMHOWMET AEROSPACE INC Stock | call | 1,600 | $328K | -900 |
| STTSTATE STR CORP Stock | call | 2,500 | $323K | -3,300 |
| YUMYUM BRANDS INC Stock | call | 2,100 | $318K | -4,100 |
| IVZINVESCO LTD Stock | put | 12,000 | $315K | -500 |
| IRMIRON MTN INC DEL REIT | call | 3,800 | $315K | -5,100 |
| FASTFASTENAL CO Stock | call | 7,800 | $313K | -4,600 |
| CRHCRH PLC Stock | put | 2,500 | $312K | -12,000 |
| SYYSYSCO CORP COM | call | 4,200 | $309K | -7,600 |
| HSYHERSHEY CO Stock | call | 1,700 | $309K | -100 |
| FOXAFOX CORP Stock | put | 4,200 | $307K | +500 |
| EQIXEQUINIX INC REIT | call | 400 | $306K | -200 |
| OREALTY INCOME CORP REIT | call | 5,400 | $304K | -12,900 |
| VICIVICI PPTYS INC REIT | call | 10,600 | $298K | -1,600 |
| SWKSSKYWORKS SOLUTIONS INC Stock | put | 4,700 | $298K | -7,900 |
| ARMARM HOLDINGS PLC SPONSORED ADS | put | 2,700 | $295K | -800 |
| BGBUNGE GLOBAL SA Stock | put | 3,300 | $294K | -3,300 |
| CCICROWN CASTLE INC REIT | call | 3,300 | $293K | -7,800 |
| WSMWILLIAMS SONOMA INC Stock | call | 1,600 | $286K | 0 |
| FANGDIAMONDBACK ENERGY INC Stock | call | 1,900 | $286K | -600 |
| AXONAXON ENTERPRISE INC STOK | put | 500 | $284K | -400 |
| DECKDECKERS OUTDOOR CORP COM | put | 2,700 | $280K | -10,600 |
| PTCPTC INC Stock | put | 1,600 | $279K | 0 |
| WYNNWYNN RESORTS LTD COM | put | 2,300 | $277K | -3,700 |
| CBOECBOE GLOBAL MKTS INC Stock | put | 1,100 | $276K | -400 |
| CBRECBRE GROUP INC Stock | put | 1,700 | $273K | -300 |
| ROKROCKWELL AUTOMATION INC Stock | call | 700 | $272K | -400 |
| IPINTERNATIONAL PAPER CO Stock | call | 6,900 | $272K | -3,000 |
| STLDSTEEL DYNAMICS INC Stock | call | 1,600 | $271K | -600 |
| LYVLIVE NATION ENTERTAINMENT IN Stock | call | 1,900 | $271K | -1,000 |
| IDXXIDEXX LABS INC Stock | put | 400 | $271K | 0 |
| ODFLOLD DOMINION FREIGHT LINE IN Stock | put | 1,700 | $267K | -1,100 |
| NVAXNOVAVAX INC COM NEW | put | 39,500 | $265K | 0 |
| SMCISUPER MICRO COMPUTER INC COM NEW | call | 9,000 | $263K | -25,000 |
| VTRSVIATRIS INC Stock | call | 21,000 | $261K | 0 |
| EDCONSOLIDATED EDISON INC COM | put | 2,600 | $258K | -2,500 |
| PAYXPAYCHEX INC COM | call | 2,300 | $258K | -2,700 |
| GPNGLOBAL PMTS INC COM | call | 3,300 | $255K | -2,700 |
| IVZINVESCO LTD Stock | call | 9,700 | $255K | +400 |
| FISFIDELITY NATL INFORMATION SV Stock | call | 3,800 | $253K | -3,400 |
| TSCOTRACTOR SUPPLY CO Stock | call | 5,000 | $250K | -7,200 |
| PEGPUBLIC SVC ENTERPRISE GROUP Stock | call | 3,100 | $249K | -2,400 |
| PHMPULTE GROUP INC Stock | call | 2,100 | $246K | -1,000 |
| SYFSYNCHRONY FINANCIAL STOK | call | 2,900 | $242K | -1,400 |
| RMDRESMED INC Stock | put | 1,000 | $241K | -1,600 |
| NRGNRG ENERGY INC Stock | call | 1,500 | $239K | -1,100 |
| FITBFIFTH THIRD BANCORP Stock | call | 5,100 | $239K | -5,600 |
| BNTXBIONTECH SE ADR | put | 2,500 | $238K | new |
| USARUSA RARE EARTH INC Stock | call | 20,000 | $238K | new |
| REGNREGENERON PHARMACEUTICALS Stock | call | 300 | $232K | -100 |
| PPLPPL CORP Stock | call | 6,600 | $231K | -2,600 |
| IRINGERSOLL RAND INC Stock | call | 2,800 | $222K | -1,400 |
| APTVAPTIV PLC COM SHS | call | 2,900 | $221K | -900 |
| TPRTAPESTRY INC Stock | call | 1,700 | $217K | -2,500 |
| EIXEDISON INTL Stock | put | 3,600 | $216K | new |
| CFGCITIZENS FINL GROUP INC Stock | put | 3,600 | $210K | -6,100 |
| IFFINTERNATIONAL FLAVORS&FRAGRA Stock | call | 3,100 | $209K | -1,700 |
| ZBHZIMMER BIOMET HOLDINGS INC Stock | call | 2,300 | $207K | -1,800 |
| NTRSNORTHERN TR CORP Stock | put | 1,500 | $205K | 0 |
| MRSHMARSH & MCLENNAN COS INC COM | put | 1,100 | $204K | -1,700 |
| ODFLOLD DOMINION FREIGHT LINE IN Stock | call | 1,300 | $204K | -1,100 |
| CSGPCOSTAR GROUP INC Stock | call | 3,000 | $202K | -4,800 |
| MELIMERCADOLIBRE INC STOK | call | 100 | $201K | 0 |
| BBYBEST BUY INC Stock | call | 3,000 | $201K | -1,400 |
| LHLABCORP HOLDINGS INC Stock | put | 800 | $201K | 0 |
| UAMYUNITED STATES ANTIMONY CORP COM | call | 30,000 | $151K | new |
| CRMLCRITICAL METALS CORP PUBCO ORD SHS | call | 15,000 | $104K | new |
| LIONLIONSGATE STUDIOS CORP Stock | call | 11,400 | $104K | new |
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 |
|---|---|---|---|---|
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 1.500%12/1 | principal | 55,778,000 | $296M | +29,004,000 |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP NOTE 3.000%11/1 | principal | 59,000,000 | $271M | +4,500,000 |
| IONIS PHARMACEUTICALS INIONIS PHARMACEUTICALS IN NOTE 4/0 | principal | 84,949,000 | $117M | +15,000,000 |
| CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1 | principal | 85,057,000 | $100M | +15,131,000 |
| INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0 | principal | 22,532,000 | $92.9M | 0 |
| AIRBNB INCAIRBNB INC CLASS A | principal | 75,739,000 | $75.1M | +5,558,000 |
| CNX RES CORPCNX RES CORP NOTE 2.250% 5/0 | principal | 23,604,000 | $67.6M | 0 |
| MIRUM PHARMACEUTICALS INCMIRUM PHARMACEUTICALS INC NOTE 4.000% 5/0 | principal | 24,000,000 | $62M | +5,000,000 |
| XERIS BIOPHARMA HOLDINGS INCXERIS BIOPHARMA HOLDINGS INC NOTE 8.000% 7/1 | principal | 23,074,000 | $61.1M | 0 |
| SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1 | principal | 52,418,000 | $59.6M | 0 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC NOTE 2.500% 3/1 | principal | 30,500,000 | $57.6M | +6,500,000 |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 1.000% 4/1 | principal | 54,019,000 | $53.8M | +5,000,000 |
| CYTOKINETICS INCCYTOKINETICS INC NOTE 4.000%11/1 | principal | 8,631,000 | $52M | 0 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1 | principal | 48,940,000 | $51.2M | 0 |
| CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1 | principal | 33,011,000 | $50.2M | +6,811,000 |
| DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1 | principal | 47,146,000 | $46.8M | 0 |
| ALARM.COM HLDGS INCALARM.COM HLDGS INC NOTE 1/1 | principal | 46,408,000 | $46.5M | 0 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 44,000,000 | $43.6M | +5,000,000 |
| CONMED CORPCONMED CORP NOTE 2.250% 6/1 | principal | 41,000,000 | $39.4M | +1,500,000 |
| PTC THERAPEUTICS INCPTC THERAPEUTICS INC NOTE 1.500% 9/1 | principal | 25,000,000 | $37.1M | +5,000,000 |
| RAPID7 INCRAPID7 INC NOTE 0.250% 3/1 | principal | 38,990,000 | $36.9M | +5,000,000 |
| ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond | principal | 25,750,000 | $36.6M | +8,000,000 |
| TripAdvisor IncTripAdvisor Inc CONV | principal | 35,604,000 | $35M | 0 |
| BIOMARIN PHARMACEUTICAL INCBIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 | principal | 35,000,000 | $33.6M | +5,000,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 | principal | 32,610,000 | $32.8M | -2,500,000 |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0 | principal | 33,762,000 | $31.8M | +9,510,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0 | principal | 23,871,000 | $31M | -2,500,000 |
| ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3 | principal | 8,709,000,000 | $29.1M | new |
| IREN LIMITEDIREN LIMITED NOTE 3.250% 6/1 | principal | 10,713,000 | $26.3M | new |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 21,000,000 | $25.6M | +5,000,000 |
| MAKEMYTRIP LIMITED MAURITIUSMAKEMYTRIP LIMITED MAURITIUS NOTE 2/1 | principal | 10,000,000 | $21.5M | 0 |
| STRATEGY INCSTRATEGY INC NOTE 2.250% 6/1 | principal | 16,500,000 | $18.3M | +2,500,000 |
| VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIP NOTE 3.750% 6/0 | principal | 12,500,000 | $17.7M | 0 |
| MARA HOLDINGS INCMARA HOLDINGS INC NOTE 2.125% 9/0 | principal | 20,588,000 | $16.6M | -2,312,000 |
| SEA LTDSEA LTD NOTE 0.250% 9/1 | principal | 17,000,000 | $16.5M | +7,500,000 |
| TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC NOTE 0.250% 3/1 | principal | 16,151,000 | $16.4M | +5,000,000 |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 16,000,000 | $16.4M | 0 |
| POST HLDGS INCPOST HLDGS INC NOTE 2.500% 8/1 | principal | 15,000,000 | $16.2M | 0 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 14,000,000 | $16M | new |
| STRATEGY INCSTRATEGY INC NOTE 0.625% 3/1 | principal | 12,500,000 | $15.8M | -2,500,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 15,000,000 | $15.5M | 0 |
| CLEANSPARK INCCLEANSPARK INC NOTE 6/1 | principal | 14,666,000 | $15.2M | new |
| INNOVIVA INCINNOVIVA INC NOTE 2.125% 3/1 | principal | 13,000,000 | $13.3M | 0 |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP NOTE 3.875% 3/1 | principal | 12,000,000 | $12.5M | 0 |
| ALPHATEC HLDGS INCALPHATEC HLDGS INC NOTE 0.750% 8/0 | principal | 9,968,000 | $12.5M | 0 |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 11,500,000 | $12.3M | 0 |
| MARA HOLDINGS INCMARA HOLDINGS INC NOTE3/0 | principal | 15,000,000 | $11.8M | new |
| MARA HOLDINGS INCMARA HOLDINGS INC NOTE 6/0 | principal | 14,000,000 | $11.7M | new |
| MAGNITE INCMAGNITE INC NOTE 0.250% 3/1 | principal | 10,500,000 | $10.4M | 0 |
| FRESHPET INCFRESHPET INC NOTE 3.000% 4/0 | principal | 8,000,000 | $9.37M | +1,500,000 |
| WAYFAIR INCWAYFAIR INC Convertible bond | principal | 4,000,000 | $9.16M | -6,000,000 |
| MANNKIND CORPMANNKIND CORP NOTE 2.500% 3/0 | principal | 7,729,000 | $8.77M | +1,000,000 |
| RAMACO RES INCRAMACO RES INC NOTE 11/0 | principal | 10,000,000 | $8.5M | new |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 | principal | 7,000,000 | $7.87M | +3,000,000 |
| CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0 | principal | 5,000,000 | $7.13M | 0 |
| STRATEGY INCSTRATEGY INC NOTE12/0 | principal | 8,500,000 | $7M | new |
| FLUENCE ENERGY INCFLUENCE ENERGY INC NOTE 2.250% 6/1 | principal | 5,000,000 | $6.07M | new |
| STRIDE INCSTRIDE INC NOTE 1.125% 9/0 | principal | 4,000,000 | $5.46M | new |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 5,000,000 | $5.21M | new |
| ITRON INCITRON INC NOTE 1.375% 7/1 | principal | 5,000,000 | $5.07M | new |
| Q2 HLDGS INCQ2 HLDGS INC NOTE 0.750% 6/0 | principal | 5,000,000 | $5.07M | new |
| PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 2.125% 5/1 | principal | 5,000,000 | $5.04M | 0 |
| GUESS INCGUESS INC BOND | principal | 5,000,000 | $4.96M | 0 |
| JETBLUE AIRWAYS CORPJETBLUE AIRWAYS CORP NOTE 2.500% 9/0 | principal | 5,000,000 | $4.86M | 0 |
| ACCURAY INC DELACCURAY INC DEL NOTE 3.750% 6/0 | principal | 4,500,000 | $4.32M | 0 |
| TANDEM DIABETES CARE INCTANDEM DIABETES CARE INC NOTE 1.500% 3/1 | principal | 3,680,000 | $3.75M | 0 |
| CARDLYTICS INCCARDLYTICS INC NOTE 4.250% 4/0 | principal | 9,145,000 | $3.61M | -1,000,000 |
| OMEROS CORPOMEROS CORP NOTE 5.250% 2/1 | principal | 3,560,000 | $3.57M | 0 |
| NIO INCNIO INC NOTE 4.625%10/1 | principal | 4,000,000 | $3.54M | 0 |
| COGENT BIOSCIENCES INCCOGENT BIOSCIENCES INC NOTE 1.625%11/1 | principal | 3,000,000 | $3.53M | new |
| BANDWIDTH INCBANDWIDTH INC NOTE 0.500% 4/0 | principal | 4,000,000 | $3.49M | -1,000,000 |
| PORCH GROUP INCPORCH GROUP INC DEBT 9.000% 5/1 | principal | 3,000,000 | $3.39M | 0 |
| NEOGENOMICS INCNEOGENOMICS INC NOTE 0.250% 1/1 | principal | 3,708,000 | $3.31M | 0 |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 3,500,000 | $3.12M | +2,000,000 |
| GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1 | principal | 2,700,000 | $2.92M | -2,000,000 |
| GOSSAMER BIO INCGOSSAMER BIO INC NOTE 5.000% 6/0 | principal | 4,000,000 | $2.72M | 0 |
| HAEMONETICS CORPHAEMONETICS CORP NOTE 3/0 | principal | 2,550,000 | $2.53M | 0 |
| LEMAITRE VASCULAR INCLEMAITRE VASCULAR INC NOTE 2.500% 2/0 | principal | 2,500,000 | $2.51M | new |
| MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0 | principal | 2,500,000 | $2.46M | -2,500,000 |
| INOTIV INCINOTIV INC Convertible Bond | principal | 9,510,000 | $2.31M | 0 |
| Dynavax Technologies CorpDynavax Technologies Corp Convertible bond | principal | 2,000,000 | $2.08M | 0 |
| ZYNEX INCZYNEX INC NOTE 5.000% 5/1 | principal | 4,000,000 | $2.03M | 0 |
| RIOT PLATFORMS INCRIOT PLATFORMS INC NOTE 0.750% 1/1 | principal | 1,500,000 | $1.7M | new |
| TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV | principal | 1,000,000 | $1.43M | new |
| AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 11/1 | principal | 1,400,000 | $1.35M | new |
| SOLARIS ENERGY INFRAS INCSOLARIS ENERGY INFRAS INC NOTE 0.250%10/0 | principal | 1,000,000 | $1.08M | new |
| T1 ENERGY INCT1 ENERGY INC NOTE 5.250%12/0 | principal | 500,000 | $641K | new |
| WOLFSPEED INCWOLFSPEED INC NOTE 2.500% 6/1 | principal | 171,000 | $254K | new |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 632. All 632
| Security | Shares before | Value before | Type |
|---|---|---|---|
| XOPSPDR SERIES TRUST | 835,100 | $110M | call |
| EFAISHARES TR | 1,103,700 | $103M | call |
| XMESPDR SERIES TRUST | 1,054,700 | $98.3M | put |
| XMESPDR SERIES TRUST | 1,054,700 | $98.3M | call |
| DEXCOM INCDEXCOM INC | 81,483,000 | $80.9M | principal |
| Shift4 Payments IncShift4 Payments Inc | 56,349,000 | $58M | principal |
| MR COOPER GROUP INCMR COOPER GROUP INC | 212,000 | $44.7M | shares |
| IMAX CORPIMAX CORP | 34,607,000 | $40.7M | principal |
| VERONA PHARMA PLCVERONA PHARMA PLC | 375,000 | $40M | shares |
| FCXFREEPORT MCMORAN INC | 894,390 | $35.1M | shares |
| CSCOCISCO SYS INC | 429,431 | $29.4M | shares |
| GMEGAMESTOP CORP | 983,500 | $26.8M | put |
| BRK-BBERKSHIRE HATHAWAY INC DEL | 53,043 | $26.7M | shares |
| GTLSCHART INDS INC | 120,000 | $24M | shares |
| KKELLANOVA | 279,320 | $22.9M | shares |
| ECHOECHOSTAR CORP | 299,600 | $22.9M | put |
| CMCSACOMCAST CORP NEW | 693,200 | $21.8M | put |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 68,400 | $19.1M | call |
| FEZSPDR INDEX SHS FDS | 300,000 | $18.6M | put |
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 462,434 | $17.8M | shares |
| COFCAPITAL ONE FINL CORP | 83,698 | $17.8M | shares |
| WFRDWEATHERFORD INTL PLC | 250,257 | $17.1M | shares |
| CIPHER DIGITAL INCCIPHER DIGITAL INC | 5,500,000 | $16.2M | principal |
| GLDSPDR GOLD TR | 45,000 | $16M | put |
| MERUS N VMERUS N V | 152,000 | $14.3M | shares |
| FLSFLOWSERVE CORP | 260,000 | $13.8M | call |
| TGNATEGNA INC | 675,000 | $13.7M | shares |
| SOUTHERN COSOUTHERN CO | 11,000,000 | $12.4M | principal |
| PFFISHARES TR | 354,301 | $11.2M | shares |
| LTHLIFE TIME GROUP HOLDINGS INC | 363,101 | $10M | shares |
| CWBSPDR SERIES TRUST | 106,801 | $9.67M | shares |
| ZGZILLOW GROUP INC | 127,131 | $9.46M | shares |
| VXXBARCLAYS BANK PLC | 269,800 | $8.95M | put |
| FLUTFLUTTER ENTMT PLC | 34,565 | $8.78M | shares |
| PMPHILIP MORRIS INTL INC | 53,487 | $8.68M | shares |
| IGLBISHARES TR | 159,501 | $8.22M | shares |
| OPENOPENDOOR TECHNOLOGIES INC | 949,300 | $7.57M | put |
| XLFSELECT SECTOR SPDR TR | 132,500 | $7.14M | call |
| SCHWCHARLES SCHWAB CORP (THE) | 72,727 | $6.94M | shares |
| EFAISHARES TR | 73,979 | $6.91M | shares |
| CMCSACOMCAST CORP NEW | 210,100 | $6.6M | call |
| Sandstorm Gold LtdSandstorm Gold Ltd | 500,000 | $6.26M | shares |
| AMGNAMGEN INC | 21,819 | $6.16M | shares |
| RPRXROYALTY PHARMA PLC | 169,255 | $5.97M | shares |
| CTVACORTEVA INC | 86,152 | $5.83M | shares |
| HONHONEYWELL INTL INC | 27,300 | $5.75M | call |
| HIMSHIMS & HERS HEALTH INC | 100,000 | $5.67M | call |
| SCSSTEELCASE INC-CLASS A | 307,965 | $5.3M | shares |
| SMHVANECK ETF TRUST | 15,304 | $4.99M | shares |
| ARESARES MANAGEMENT CORPORATION | 31,210 | $4.99M | shares |
| DHID R HORTON INC | 29,100 | $4.93M | shares |
| ALEALLETE INC | 72,000 | $4.78M | shares |
| CELCUITY INCCELCUITY INC | 3,500,000 | $4.66M | principal |
| VEEVVEEVA SYS INC | 15,000 | $4.47M | call |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC | 5,000,000 | $4.41M | principal |
| OMEROS CORPOMEROS CORP | 5,000,000 | $4.27M | principal |
| JHXJAMES HARDIE INDS PLC | 215,840 | $4.15M | shares |
| TKOTKO GROUP HOLDINGS INC | 20,246 | $4.09M | shares |
| LBTYKLIBERTY GLOBAL LTD | 314,880 | $3.7M | shares |
| BAHBOOZ ALLEN HAMILTON HLDG COR | 36,963 | $3.69M | shares |
| SSNCSS&C TECH HLDGS | 40,000 | $3.55M | shares |
| DISH NETWORK CORPORATIONDISH NETWORK CORPORATION | 3,540,000 | $3.51M | principal |
| CRHCRH PLC | 28,594 | $3.43M | shares |
| MRNAMODERNA INC | 129,939 | $3.36M | shares |
| VVISA INC | 9,748 | $3.33M | shares |
| VERINT SYSTEMS INCVERINT SYSTEMS INC | 2,800,000 | $2.75M | principal |
| TDGTRANSDIGM GROUP INC | 2,000 | $2.64M | shares |
| TACTRANSALTA CORP | 192,590 | $2.63M | shares |
| FNFFIDELITY NATL FINL INC | 43,500 | $2.63M | shares |
| EQTEQT CORP | 47,856 | $2.6M | shares |
| SJMSMUCKER J M CO | 23,888 | $2.59M | shares |
| FAFFIRST AMERN FINL CORP | 39,800 | $2.56M | shares |
| LYVLIVE NATION ENTERTAINMENT IN | 15,500 | $2.53M | shares |
| CENTURY ALUM COCENTURY ALUM CO | 1,530,000 | $2.5M | principal |
| ULSUL SOLUTIONS INC | 35,233 | $2.5M | shares |
| WWAYFAIR INC | 26,716 | $2.39M | shares |
| RBRKRUBRIK INC. | 28,998 | $2.39M | shares |
| DALDELTA AIR LINES INC | 41,343 | $2.35M | shares |
| DDDUPONT DE NEMOURS INC | 29,800 | $2.32M | put |
| IQVIQVIA HLDGS INC | 12,206 | $2.32M | shares |
| PLDPROLOGIS INC. | 19,546 | $2.24M | shares |
| VERITONE INCVERITONE INC | 3,000,000 | $2.18M | principal |
| KBHKB HOME | 32,881 | $2.09M | shares |
| CDZICADIZ INC | 437,038 | $2.06M | shares |
| PHMPULTE GROUP INC | 15,555 | $2.06M | shares |
| TOLTOLL BROTHERS INC | 14,800 | $2.04M | shares |
| HRLHORMEL FOODS CORP | 82,287 | $2.04M | shares |
| CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORP | 2,000,000 | $1.98M | principal |
| CVLTCOMMVAULT SYS INC | 10,338 | $1.95M | shares |
| HLTHILTON WORLDWIDE HLDGS INC | 7,510 | $1.95M | shares |
| TWTRADEWEB MKTS INC | 17,405 | $1.93M | shares |
| BNBROOKFIELD CORP | 28,084 | $1.93M | shares |
| MTDMETTLER TOLEDO INTERNATIONAL | 1,556 | $1.91M | shares |
| RACEFERRARI N V | 3,800 | $1.84M | shares |
| GILDGILEAD SCIENCES INC | 16,452 | $1.83M | shares |
| TECHBIO-TECHNE CORP | 32,781 | $1.82M | shares |
| LCIDLUCID GROUP INC | 75,900 | $1.81M | call |
| ALKALASKA AIR GROUP INC | 34,500 | $1.72M | shares |
| HUNHUNTSMAN CORP | 190,171 | $1.71M | shares |
| WERNWERNER ENTERPRISES INC | 63,942 | $1.68M | shares |
How Q4 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 0001426196-26-000001 | base | 2026-02-17 | acceptance time not in the bulk data set |