CREDIT INDUSTRIEL ET COMMERCIAL

13F filer, CIK 1274419, PARIS FRANCE, France

CREDIT INDUSTRIEL ET COMMERCIAL reported $1,192,328,599 across 351 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-07. Its ten largest share positions make up 38.18% of the portfolio.

Filed 2025-11-07 (acceptance time not in the bulk data set), ingested 2026-10-07 03:02:25 UTC13F-HR 0001274419-25-000023

Period: 2025-09-30
Reported value: $1.19B
Holdings: 351
Top 10 weight: 38.18%
New: 64
Sold out: 89

Largest buys vs the previous quarter

Security	Shares change	Approx. value
VERONA PHARMA PLCnew	+137,552	$14.7M
KKR & CO INCadded	+250,000	$13.2M
DBadded	+349,057	$12.3M
INTERPUBLIC GROUP COSnew	+399,260	$11.1M
89BIO INCnew	+600,000	$8.82M

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
BLUEPRINT MEDICINES CORPexited	-120,850	-$15.5M
MAG SILVER CORPexited	-717,180	-$15.2M
MR COOPER GROUP INCexited	-99,401	-$14.8M
SPRINGWORKS THERAPEUTICS INCexited	-242,834	-$11.4M
DUN & BRADSTREET HLDGS INCexited	-1,007,030	-$9.15M

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, Q3 2025

Share positions as resolved from 13F-HR 0001274419-25-000023, largest first. % of portfolio is the value over $627,321,662, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
GOOGALPHABET INC	188,230	$45.8M	7.31%	+3,698	Timeline
HEWLETT PACKARD ENTERPRISE CHEWLETT PACKARD ENTERPRISE C	550,000	$37M	5.89%	0
ARES MANAGEMENT CORPORATIONARES MANAGEMENT CORPORATION	625,000	$31M	4.94%	0
KKR & CO INCKKR & CO INC	480,000	$25.4M	4.05%	+250,000
AMZNAMAZON COM INC	96,684	$21.2M	3.38%	0	Timeline
FOXFOX CORP	276,443	$15.8M	2.52%	+96,060	Timeline
VERONA PHARMA PLCVERONA PHARMA PLC	137,552	$14.7M	2.34%	new
NEENEXTERA ENERGY INC	275,000	$13.8M	2.19%	0	Timeline
DBDEUTSCHE BK AG	353,240	$12.4M	1.98%	+349,057	Timeline
CUKCARNIVAL PLC	455,041	$12M	1.92%	0	Timeline
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS	399,260	$11.1M	1.78%	new
PG&E CORPPG&E CORP	275,000	$10.9M	1.74%	0
BEPBROOKFIELD RENEWABLE ENERGY	416,093	$10.7M	1.71%	+139,593	Timeline
89BIO INC89BIO INC	600,000	$8.82M	1.41%	new
XLESELECT SECTOR SPDR TR	98,317	$8.78M	1.4%	-39,384	Timeline
ALBEMARLE CORPALBEMARLE CORP	225,000	$8.71M	1.39%	0
ALEALLETE INC	128,769	$8.55M	1.36%	-30,156	Timeline
MERUS N VMERUS N V	90,000	$8.47M	1.35%	new
SAPIENS INTERNATIONAL CORPSAPIENS INTERNATIONAL CORP	177,135	$7.62M	1.21%	new
UAAUNDER ARMOUR INC	1,517,445	$7.57M	1.21%	+1,007,926	Timeline
RYAAYRYANAIR HOLDINGS PLC	124,600	$7.49M	1.19%	-85,523	Timeline
Sandstorm Gold LtdSandstorm Gold Ltd	553,194	$6.93M	1.1%	new
FYBRFRONTIER COMMUNICATIONS PARE	184,666	$6.9M	1.1%	-170,794	Timeline
ALCALCON AG	91,984	$6.83M	1.09%	+35,228	Timeline
LBTYKLIBERTY GLOBAL LTD	542,958	$6.38M	1.02%	0	Timeline
PRAPROASSURANCE CORP	252,275	$6.05M	0.96%	-80,720	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	12,361	$5.97M	0.95%	new
TXNMTXNM ENERGY INC	105,000	$5.94M	0.95%	+93,000	Timeline
BIPBROOKFIELD INFRASTRUCTURE PA	174,940	$5.75M	0.92%	+149,315	Timeline
DAYDAYFORCE INC	72,000	$4.96M	0.79%	new	Timeline
BBUBROOKFIELD BUSINESS PARTNERS L	150,405	$4.9M	0.78%	new	Timeline
UHAL-BU HAUL HOLDING COMPANY	82,750	$4.72M	0.75%	-29,450	Timeline
NWSANEWS CORP NEW	146,001	$4.48M	0.71%	-286,660	Timeline
FWONALIBERTY MEDIA CORP DEL	46,411	$4.42M	0.7%	+12,122	Timeline
HEI-AHEICO CORP NEW	16,666	$4.23M	0.68%	0	Timeline
LBRDALIBERTY BROADBAND CORP	66,372	$4.2M	0.67%	0	Timeline
GRFSGRIFOLS S A	361,455	$3.6M	0.57%	-300	Timeline
XLKSELECT SECTOR SPDR TR	12,245	$3.45M	0.55%	new	Timeline
IWMISHARES TR	14,178	$3.43M	0.55%	+8,535	Timeline
KKELLANOVA	41,100	$3.37M	0.54%	+40,500	Timeline
WNS HLDGS LTD COM SHSWNS HLDGS LTD COM SHS	43,082	$3.29M	0.52%	new
STAASTAAR SURGICAL CO	121,258	$3.26M	0.52%	new	Timeline
PROPROS Holdings Inc	135,000	$3.09M	0.49%	new	Timeline
GUILD HLDGS COGUILD HLDGS CO	150,000	$2.99M	0.48%	+70,000
VERINT SYS INCVERINT SYS INC	144,538	$2.93M	0.47%	new
XOPSPDR SERIES TRUST	20,502	$2.71M	0.43%	-4,765	Timeline
AMWDAMERICAN WOODMARK CORP	40,000	$2.67M	0.43%	new	Timeline
PREMIER INCPREMIER INC	90,000	$2.5M	0.4%	new
AAPLAPPLE INC	9,748	$2.48M	0.4%	-22,190	Timeline
XBISPDR SERIES TRUST	23,904	$2.4M	0.38%	-26,896	Timeline
SRGSERITAGE GROWTH PPTYS	561,648	$2.39M	0.38%	0	Timeline
NOWSERVICENOW INC	2,560	$2.36M	0.38%	+2,071	Timeline
ROIVROIVANT SCIENCES LTD	155,000	$2.35M	0.37%	0	Timeline
LIONLIONSGATE STUDIOS CORP	332,625	$2.3M	0.37%	+103,859	Timeline
VIMEO INCVIMEO INC	287,223	$2.23M	0.35%	new
UBSUBS GROUP AG	53,878	$2.2M	0.35%	-93,500	Timeline
SWKSTANLEY BLACK & DECKER INC	29,473	$2.19M	0.35%	-2,128	Timeline
BMRNBIOMARIN PHARMACEUTICAL INC	40,013	$2.17M	0.35%	0	Timeline
GUESS? INCGUESS? INC	118,288	$1.98M	0.32%	+70,974
PGREPARAMOUNT GROUP INC	299,942	$1.96M	0.31%	new	Timeline
DEDEERE & CO	4,177	$1.91M	0.3%	+1,638	Timeline
HARBORONE BANCORP INC NEWHARBORONE BANCORP INC NEW	131,984	$1.79M	0.29%	-200,000
ELMEELME COMMUNITIES	100,000	$1.69M	0.27%	new	Timeline
ADPAUTOMATIC DATA PROCESSING IN	5,635	$1.65M	0.26%	+1,120	Timeline
MAC Copper LtdMAC Copper Ltd	134,000	$1.64M	0.26%	-59,000
GTLSCHART INDS INC	8,000	$1.6M	0.26%	new	Timeline
PPGPPG INDS INC	14,802	$1.56M	0.25%	+6,322	Timeline
TASKTASKUS INC	86,356	$1.54M	0.25%	0	Timeline
HALHALLIBURTON CO	62,211	$1.53M	0.24%	-22,219	Timeline
Surmodics IncSurmodics Inc	51,200	$1.53M	0.24%	-8,000
LNSRLENSAR INC	123,483	$1.53M	0.24%	-45,117	Timeline
AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC	150,000	$1.49M	0.24%	0
STLASTELLANTIS N.V	160,841	$1.49M	0.24%	+20,839	Timeline
ABTABBOTT LABORATORIES	11,000	$1.47M	0.23%	new	Timeline
SMHVANECK ETF TRUST	4,503	$1.47M	0.23%	-7,874	Timeline
LENLENNAR CORP	11,477	$1.45M	0.23%	0	Timeline
ASPEN INSURANCE HOLDINGS-AASPEN INSURANCE HOLDINGS-A	38,936	$1.43M	0.23%	new
Tourmaline Bio IncTourmaline Bio Inc	29,661	$1.42M	0.23%	new
SYKSTRYKER CORPORATION	3,815	$1.41M	0.22%	+1,440	Timeline
SGMLSIGMA LITHIUM CORPORATION	219,748	$1.41M	0.22%	-30,252	Timeline
SIRISIRIUSXM HOLDINGS INC	60,385	$1.41M	0.22%	0	Timeline
WBDWARNER BROS DISCOVERY INC	70,000	$1.37M	0.22%	-40,000	Timeline
TROWPRICE T ROWE GROUP INC	13,053	$1.34M	0.21%	-1,931	Timeline
ALAIR LEASE CORP	20,000	$1.27M	0.2%	new	Timeline
BSXBOSTON SCIENTIFIC CORP	12,829	$1.25M	0.2%	+5,573	Timeline
STLDSTEEL DYNAMICS INC	8,879	$1.24M	0.2%	+2,722	Timeline
KRESPDR SERIES TRUST	19,393	$1.23M	0.2%	-7,865	Timeline
SOHO HOUSE & CO INCSOHO HOUSE & CO INC	137,983	$1.22M	0.19%	-19,065
MERIDIANLINK INCMERIDIANLINK INC	58,800	$1.17M	0.19%	new
CCRNCROSS CTRY HEALTHCARE INC	81,106	$1.15M	0.18%	-52,000	Timeline
BKNGBOOKING HOLDINGS INC	213	$1.15M	0.18%	+166	Timeline
PFEPFIZER INC	45,109	$1.15M	0.18%	new	Timeline
ALLALLSTATE CORP	5,265	$1.13M	0.18%	-1,613	Timeline
ODPTHE ODP CORP	40,181	$1.12M	0.18%	new	Timeline
BIRKBIRKENSTOCK HOLDING PLC	24,688	$1.12M	0.18%	+10,767	Timeline
WFCWELLS FARGO & CO	13,305	$1.12M	0.18%	-7,356	Timeline
LOGILOGITECH INTL S A	10,150	$1.1M	0.18%	-17,377	Timeline
POTBELLY CORPPOTBELLY CORP	61,403	$1.05M	0.17%	new
EWZISHARES INC	33,028	$1.02M	0.16%	-47,151	Timeline
AIGAMERICAN INTL GROUP INC	12,817	$1.01M	0.16%	-9,489	Timeline
IMXIINTERNATIONAL MONEY EXPRESS	72,000	$1.01M	0.16%	new	Timeline
EEMISHARES TR	18,589	$993K	0.16%	+11,237	Timeline
ALMSALUMIS INC	247,002	$986K	0.16%	-140,000	Timeline
INBXINHIBRX BIOSCIENCES INC	28,958	$975K	0.16%	-35,259	Timeline
CIOCITY OFFICE REIT INC	135,144	$941K	0.15%	new	Timeline
XLYSELECT SECTOR SPDR TR	3,827	$917K	0.15%	-14,633	Timeline
SCPHARMACEUTICALS INCSCPHARMACEUTICALS INC	160,000	$907K	0.14%	new
METMETLIFE INC	10,567	$870K	0.14%	new	Timeline
EPDENTERPRISE PRODS PARTNERS L	26,705	$835K	0.13%	0	Timeline
PERFORMANT HEALTHCARE INCPERFORMANT HEALTHCARE INC	108,000	$835K	0.13%	new
CMCSACOMCAST CORP NEW	25,756	$809K	0.13%	-12,717	Timeline
SNPSSYNOPSYS INC	1,636	$807K	0.13%	new	Timeline
SCSSTEELCASE INC-CLASS A	45,323	$780K	0.12%	new	Timeline
WIDEOPENWEST INCWIDEOPENWEST INC	145,187	$749K	0.12%	new
PAYXPAYCHEX INC	5,867	$744K	0.12%	+76	Timeline
MGMMGM RESORTS INTERNATIONAL	21,119	$732K	0.12%	-3,163	Timeline
SOXXISHARES TR	2,618	$710K	0.11%	-2,137	Timeline
AQNALGONQUIN POWER & UTILITIES	130,000	$698K	0.11%	0	Timeline
FFORD MTR CO	57,475	$687K	0.11%	-153,837	Timeline
SQNSSEQUANS COMMUNICATIONS S A	70,000	$662K	0.11%	new	Timeline
HANESBRANDS INCHANESBRANDS INC	100,000	$659K	0.11%	new
CSXCSX CORP	18,397	$653K	0.1%	-16,220	Timeline
MELIMERCADOLIBRE INC	274	$640K	0.1%	-12	Timeline
MARMARRIOTT INTL INC NEW	2,446	$637K	0.1%	-100	Timeline
RFREGIONS FINANCIAL CORP NEW	23,380	$617K	0.1%	-14,523	Timeline
HDHOME DEPOT INC	1,520	$616K	0.1%	-1,157	Timeline
SYYSYSCO CORP	7,317	$602K	0.1%	new	Timeline
AXONAXON ENTERPRISE INC	832	$597K	0.1%	+328	Timeline
CDNSCADENCE DESIGN SYSTEM INC	1,627	$572K	0.09%	-2,371	Timeline
TTTRANE TECHNOLOGIES PLC	1,330	$561K	0.09%	new	Timeline
HRBBLOCK H & R INC	10,604	$536K	0.09%	+1,111	Timeline
INTUINTUIT	775	$529K	0.08%	+232	Timeline
INFORMATICA INCINFORMATICA INC	20,935	$520K	0.08%	new
PDDPDD HOLDINGS INC	3,852	$509K	0.08%	-2,294	Timeline
MDTMEDTRONIC PLC	5,292	$504K	0.08%	-13,033	Timeline
FITBFIFTH THIRD BANCORP	11,181	$498K	0.08%	-19,502	Timeline
CATCATERPILLAR INC	1,025	$489K	0.08%	-2,438	Timeline
RNWRENEW ENERGY GLOBAL PLC	62,503	$481K	0.08%	-52,000	Timeline
ITRGINTEGRA RES CORP	159,842	$466K	0.07%	-245,000	Timeline
IPINTERNATIONAL PAPER CO	9,696	$450K	0.07%	+1,335	Timeline
KMXCARMAX INC	10,001	$449K	0.07%	+1,939	Timeline
CFCF INDUSTRIES HOLD	4,992	$448K	0.07%	-1,928	Timeline
CTSHCOGNIZANT TECHNOLOGY SOLUTIO	6,665	$447K	0.07%	-20,954	Timeline
JNJJOHNSON & JOHNSON	2,261	$419K	0.07%	new	Timeline
CBCHUBB LIMITED	1,483	$419K	0.07%	new	Timeline
YUMYUM BRANDS INC	2,705	$411K	0.07%	-1,490	Timeline
ZIMVIE INCZIMVIE INC	21,636	$410K	0.07%	new
GMGENERAL MTRS CO	6,685	$408K	0.06%	-39,091	Timeline
MMACYS INC	21,000	$377K	0.06%	0	Timeline
TSNTYSON FOODS INC	6,500	$353K	0.06%	0	Timeline
COFCAPITAL ONE FINL CORP	1,592	$338K	0.05%	-997	Timeline
KLACKLA CORP	291	$314K	0.05%	-430	Timeline
SWKSSKYWORKS SOLUTIONS INC	4,008	$309K	0.05%	-1,331	Timeline
NVDANVIDIA CORPORATION	1,632	$304K	0.05%	-6,814	Timeline
BHCBAUSCH HEALTH COS INC	46,797	$302K	0.05%	0	Timeline
LARLITHIUM ARGENTINA AG	90,000	$301K	0.05%	0	Timeline
MAMASTERCARD INCORPORATED	521	$296K	0.05%	-158	Timeline
CMICUMMINS INC	678	$286K	0.05%	-2,225	Timeline
MOSMOSAIC CO	8,019	$278K	0.04%	-6,457	Timeline
METAMETA PLATFORMS INC	372	$273K	0.04%	-598	Timeline
ESIELEMENT SOLUTIONS INC	10,709	$270K	0.04%	0	Timeline
ADIANALOG DEVICES INC	1,079	$265K	0.04%	-635	Timeline
IJRISHARES TR	2,189	$260K	0.04%	-2,958	Timeline
CTLPCANTALOUPE INC	22,480	$238K	0.04%	-80,000	Timeline
KWEBKRANESHARES TRUST	5,607	$236K	0.04%	-35,992	Timeline
XLBSELECT SECTOR SPDR TR	2,599	$233K	0.04%	-2,165	Timeline
GAPGAP INC	10,676	$228K	0.04%	-16,174	Timeline
MASMASCO CORP	3,242	$228K	0.04%	-1,362	Timeline
FXIISHARES TR	4,919	$202K	0.03%	-41,274	Timeline
AZOAUTOZONE INC	47	$202K	0.03%	-130	Timeline
UBERUBER TECHNOLOGIES INC	2,008	$197K	0.03%	-5,111	Timeline
AALAMERICAN AIRLINES GROUP INC	17,084	$192K	0.03%	-4,545	Timeline
AMDADVANCED MICRO DEVICES INC	1,186	$192K	0.03%	-3,944	Timeline
EMNEASTMAN CHEM CO	3,000	$189K	0.03%	0	Timeline
RSPINVESCO EXCHANGE TRADED FD T	978	$186K	0.03%	-1,312	Timeline
ITBISHARES TR	1,663	$178K	0.03%	-4,008	Timeline
ACIALBERTSONS COMPANIES INC	10,000	$175K	0.03%	0	Timeline
TTECTTEC HLDGS INC	49,580	$167K	0.03%	0	Timeline
ZIONZIONS BANCORPORATION NATL AS	2,910	$165K	0.03%	new	Timeline
ADSKAUTODESK INC	501	$159K	0.03%	-673	Timeline
ZSZSCALER INC	363	$109K	0.02%	-111	Timeline
LILI AUTO INC	3,986	$101K	0.02%	+840	Timeline
NBISNEBIUS GROUP N.V.	863	$96.9K	0.02%	-2,337	Timeline
GENVRGEN DIGITAL INC	11,820	$82.4K	0.01%	0	Timeline
FERFERROVIAL NV	1,260	$72.2K	0.01%	new	Timeline
STTSTATE STR CORP	600	$69.6K	0.01%	-2,662	Timeline
CMACOMERICA INC	944	$64.7K	0.01%	-5,755	Timeline
XMESPDR SERIES TRUST	689	$64.2K	0.01%	-4,588	Timeline
SSENTINELONE INC	3,000	$52.8K	0.01%	0	Timeline
RMBSRAMBUS INC DEL	505	$52.6K	0.01%	new	Timeline
PATHUIPATH INC	3,044	$40.7K	0.01%	+353	Timeline
ACNACCENTURE PLC IRELAND	159	$39.2K	0.01%	+76	Timeline
FCXFREEPORT MCMORAN INC	906	$35.5K	0.01%	+558	Timeline
LWAYLIFEWAY FOODS INC	1,272	$35.3K	0.01%	-12,000	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	124	$34.6K	0.01%	-1,618	Timeline
LAMRLAMAR ADVERTISING CO	248	$30.4K	<0.01%	-49	Timeline
TJXTJX COS INC NEW	171	$24.7K	<0.01%	-464	Timeline
KBESPDR SERIES TRUST	363	$21.6K	<0.01%	-3,489	Timeline
CFLTCONFLUENT INC-CLASS A	1,000	$19.8K	<0.01%	0	Timeline
CHEER HLDG INCCHEER HLDG INC	26,966	$18.3K	<0.01%	0
ZEOZEO ENERGY CORP	10,845	$14.6K	<0.01%	new	Timeline
TKNOALPHA TEKNOVA INC	2,000	$12.4K	<0.01%	0	Timeline
ROSTROSS STORES INC	72	$11K	<0.01%	new	Timeline
PLYMPLYMOUTH INDUSTRIAL REIT INC	400	$8.93K	<0.01%	new	Timeline
SNOWSNOWFLAKE INC	39	$8.8K	<0.01%	-546	Timeline
XYZBLOCK INC	78	$5.64K	<0.01%	-9,421	Timeline
BXBLACKSTONE INC	17	$2.9K	<0.01%	-27	Timeline
THCHTH INTERNATIONAL LIMITED	856	$2.25K	<0.01%	0	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 133. All 133

Security	Type	Amount	Value	Change
XLESELECT SECTOR SPDR TR SHS	put	522,100	$46.6M	+50,000
SMHVANECK ETF TRUST COM	put	85,400	$27.9M	0
IWMISHARES TR SHS	put	110,000	$26.6M	+65,000
FXIISHARES TR CHINA LG-CAP ETF	put	630,800	$26M	0
SOXXISHARES TR COM	put	69,500	$18.8M	+15,000
QQQINVESCO QQQ TR COM	put	30,000	$18M	-10,000
XBISPDR SERIES TRUST S&P BIOTECH	put	139,600	$14M	0
NVDANVIDIA CORPORATION COM	put	69,800	$13M	0
XLYSELECT SECTOR SPDR TR SBI CONS DISCR	put	54,200	$13M	-32,000
AAPLAPPLE INC COM	put	50,300	$12.8M	-8,000
XLKSELECT SECTOR SPDR TR SHS	put	44,500	$12.5M	new
EWZISHARES INC MSCI BRAZIL ETF	put	401,000	$12.4M	0
UBSUBS GROUP AG Stock	put	268,400	$10.9M	0
XOPSPDR SERIES TRUST S&P OILGAS EXP	put	80,000	$10.6M	0
MSFTMICROSOFT CORP COM	put	20,000	$10.4M	-5,000
ALCALCON AG Stock	put	125,000	$9.29M	-16,900
CATCATERPILLAR INC COM	put	18,900	$9.02M	-2,600
AMDADVANCED MICRO DEVICES INC COM	put	55,000	$8.9M	0
GOOGALPHABET INC COM	put	36,000	$8.77M	0
FFORD MTR CO Stock	put	704,100	$8.42M	+3,700
EEMISHARES TR MSCI EMG MKT ETF	put	150,000	$8.01M	+100,000
LOGILOGITECH INTL S A Stock	put	63,800	$6.94M	0
DEDEERE & CO COM	put	14,200	$6.49M	+200
KWEBKRANESHARES TRUST CSI CHI INTERNET	put	150,000	$6.3M	-80,000
WFCWELLS FARGO & CO COM	put	72,500	$6.08M	-15,000
NOWSERVICENOW INC COM	put	6,600	$6.07M	+4,100
KRESPDR SERIES TRUST ST STR SP REGBNK	put	91,300	$5.78M	0
XMESPDR SERIES TRUST SHS	put	60,000	$5.59M	0
UBERUBER TECHNOLOGIES INC COM	put	56,200	$5.51M	-1,000
INTUINTUIT COM	put	8,000	$5.46M	0
BKNGBOOKING HOLDINGS INC COM	put	1,000	$5.4M	+500
METAMETA PLATFORMS INC COM	put	7,300	$5.36M	-3,000
GMGENERAL MTRS CO Stock	put	86,400	$5.27M	-50,000
MELIMERCADOLIBRE INC STOK	put	2,200	$5.14M	0
CFCF INDUSTRIES HOLD Stock	put	55,000	$4.93M	0
STLDSTEEL DYNAMICS INC Stock	put	35,000	$4.88M	+13,800
KVUEKENVUE INC COM	call	300,000	$4.87M	new
RACEFERRARI N V COM	put	10,000	$4.83M	0
PZZAPAPA JOHNS INTL INC COM	call	100,000	$4.82M	new
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS	put	15,000	$4.19M	0
PDDPDD HOLDINGS INC ADR	put	30,200	$3.99M	+10,000
MOSMOSAIC CO Stock	put	110,000	$3.81M	-75,000
AIGAMERICAN INTL GROUP INC Stock	put	46,100	$3.62M	-25,000
XLBSELECT SECTOR SPDR TR SBI MATERIALS	put	40,000	$3.58M	0
SYKSTRYKER CORPORATION COM	put	9,000	$3.33M	0
CSXCSX CORP COM	put	89,300	$3.17M	0
SWKSTANLEY BLACK & DECKER INC Stock	put	40,000	$2.97M	0
ADPAUTOMATIC DATA PROCESSING IN COM	put	10,000	$2.94M	0
PFEPFIZER INC COM	put	112,500	$2.87M	+100,000
EBAYEBAY INC. Stock	put	30,000	$2.73M	-200
KLACKLA CORP COM	put	2,500	$2.7M	0
ABTABBOTT LABORATORIES COM	put	20,000	$2.68M	new
CDNSCADENCE DESIGN SYSTEM INC Stock	put	7,500	$2.63M	0
ADIANALOG DEVICES INC COM	put	10,400	$2.56M	+400
HDHOME DEPOT INC COM	put	6,300	$2.55M	0
METMETLIFE INC Stock	put	30,000	$2.47M	new
HALHALLIBURTON CO Stock	put	100,000	$2.46M	0
SNOWSNOWFLAKE INC Stock	put	10,000	$2.26M	0
CMICUMMINS INC Stock	put	5,300	$2.24M	0
KBESPDR SERIES TRUST ST STR SP BANK	put	37,500	$2.23M	0
FITBFIFTH THIRD BANCORP Stock	put	50,000	$2.23M	-10,000
AXONAXON ENTERPRISE INC STOK	put	3,000	$2.15M	0
ALLALLSTATE CORP Stock	put	10,000	$2.15M	0
AZOAUTOZONE INC Stock	put	500	$2.15M	0
ITBISHARES TR US HOME CONS ETF	put	20,000	$2.15M	0
ADSKAUTODESK INC Stock	put	6,700	$2.13M	0
TTTRANE TECHNOLOGIES PLC Stock	put	5,000	$2.11M	new
PPGPPG INDS INC Stock	put	20,000	$2.1M	0
TROWPRICE T ROWE GROUP INC Stock	put	19,800	$2.03M	0
COFCAPITAL ONE FINL CORP COM	put	9,500	$2.02M	0
SYYSYSCO CORP COM	put	24,000	$1.98M	new
RSPINVESCO EXCHANGE TRADED FD T COM	put	10,000	$1.9M	0
MARMARRIOTT INTL INC NEW Stock	put	7,200	$1.88M	0
IJRISHARES TR SHS	put	15,000	$1.78M	0
AXPAMERICAN EXPRESS CO COM	put	5,300	$1.76M	0
BSXBOSTON SCIENTIFIC CORP COM	put	17,900	$1.75M	0
STTSTATE STR CORP Stock	put	15,000	$1.74M	-7,200
JPMJPMORGAN CHASE & CO COM	put	5,500	$1.73M	-1,500
MGMMGM RESORTS INTERNATIONAL COM	put	50,000	$1.73M	0
MUMICRON TECHNOLOGY INC COM	put	10,000	$1.67M	0
CCITIGROUP INC COM	put	16,000	$1.62M	0
CMCSACOMCAST CORP NEW COM	put	50,000	$1.57M	-60,000
RMBSRAMBUS INC DEL Stock	put	15,000	$1.56M	new
SWKSSKYWORKS SOLUTIONS INC Stock	put	20,000	$1.54M	0
ZSZSCALER INC STOK	put	5,000	$1.5M	-5,000
SNPSSYNOPSYS INC Stock	put	3,000	$1.48M	0
MCDMCDONALDS CORP COM	put	4,500	$1.37M	0
MAMASTERCARD INCORPORATED COM	put	2,400	$1.37M	0
BIRKBIRKENSTOCK HOLDING PLC COM SHS	put	29,500	$1.33M	0
CBCHUBB LIMITED COM	put	4,700	$1.33M	new
RFREGIONS FINANCIAL CORP NEW Stock	put	50,000	$1.32M	0
JDJD.COM INC ADR	put	37,500	$1.31M	-11,800
YUMYUM BRANDS INC Stock	put	8,500	$1.29M	0
PAYXPAYCHEX INC COM	put	10,000	$1.27M	-10,000
MDTMEDTRONIC PLC COM	put	12,600	$1.2M	-37,600
MSMORGAN STANLEY COM	put	7,500	$1.19M	-30,000
AALAMERICAN AIRLINES GROUP INC Stock	put	100,000	$1.12M	0
NBISNEBIUS GROUP N.V. SHS CLASS A	put	10,000	$1.12M	0
JNJJOHNSON & JOHNSON COM	put	5,400	$1M	new
GSGOLDMAN SACHS GROUP INC COM	put	1,200	$956K	0

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
AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A	principal	23,000,000	$22.4M	0
JD.COM INCJD.COM INC NOTE 0.250% 6/0	principal	6,500,000	$6.87M	0
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0	principal	6,627,000	$6.12M	0
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0	principal	5,000,000	$4.72M	+2,000,000
ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0	principal	2,500,000	$4.57M	0
MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0	principal	4,000,000	$3.8M	0
ETSY INCETSY INC NOTE 0.250% 6/1	principal	4,000,000	$3.52M	0
TRIP COM GROUP LTDTRIP COM GROUP LTD NOTE 0.750% 6/1	principal	2,000,000	$2.58M	0
MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1	principal	2,500,000	$2.39M	0
TripAdvisor IncTripAdvisor Inc CONV	principal	600,000	$584K	0

Sold out in Q3 2025

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

Security	Shares before	Value before	Type
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP	120,850	$15.5M	shares
MAG SILVER CORPMAG SILVER CORP	717,180	$15.2M	shares
MR COOPER GROUP INCMR COOPER GROUP INC	99,401	$14.8M	shares
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC	242,834	$11.4M	shares
DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC	1,007,030	$9.15M	shares
JUNIPER NETWORKS INCJUNIPER NETWORKS INC	217,619	$8.69M	shares
ANSYS INCANSYS INC	20,750	$7.29M	shares
SGRYSURGERY PARTNERS INC	244,112	$5.43M	shares
ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED	12,690	$4.27M	shares
EVERI HLDGS INCEVERI HLDGS INC	273,472	$3.89M	shares
Couchbase IncCouchbase Inc	140,000	$3.41M	shares
LINLINDE PLC	7,100	$3.33M	put
E2OPEN PARENT HOLDINGS INCE2OPEN PARENT HOLDINGS INC	980,000	$3.17M	shares
RBLXROBLOX CORP	30,000	$3.16M	put
SOUTHERN STS BANCSHARES INC…SOUTHERN STS BANCSHARES INC COM	79,170	$2.88M	shares
GLOBAL BLUE GROUP HOLDING A…GLOBAL BLUE GROUP HOLDING AG ORD …	349,433	$2.61M	shares
REDFIN CORPREDFIN CORP	225,000	$2.52M	shares
SKXSKECHERS U S A INC	38,000	$2.4M	shares
GNRCGENERAC HLDGS INC	16,400	$2.35M	put
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	202,000	$2.32M	shares
USBUS BANCORP	50,000	$2.26M	put
HXLHEXCEL CORP NEW	40,000	$2.26M	put
BLKBBLACKBAUD INC	33,112	$2.13M	shares
SCHWCHARLES SCHWAB CORP (THE)	20,000	$1.82M	put
DBDEUTSCHE BK AG	59,000	$1.74M	put
ICAD INCICAD INC	450,000	$1.71M	shares
ABNBAIRBNB INC	12,500	$1.65M	put
ARMARM HOLDINGS PLC	10,000	$1.62M	put
SNASNAP ON INC	5,000	$1.56M	put
NEXTERA ENERGY INCNEXTERA ENERGY INC	40,000	$1.55M	shares
PLAYAGS INCPLAYAGS INC	119,644	$1.49M	shares
FOOT LOCKER INCFOOT LOCKER INC	60,000	$1.47M	shares
LOWLOWES COS INC	6,248	$1.39M	shares
RACEFERRARI N V	2,799	$1.36M	shares
PARAMOUNT GLOBALPARAMOUNT GLOBAL	100,000	$1.29M	shares
ATIXFY COMMUNICATIONS LTDATIXFY COMMUNICATIONS LTD	411,211	$1.2M	shares
LINLINDE PLC	2,519	$1.18M	shares
MRVLMARVELL TECHNOLOGY INC	15,000	$1.16M	put
GNRCGENERAC HLDGS INC	7,960	$1.14M	shares
SNASNAP ON INC	3,541	$1.1M	shares
EWYISHARES INC	15,200	$1.09M	put
TSCOTRACTOR SUPPLY CO	20,000	$1.06M	put
ABNBAIRBNB INC	6,772	$896K	shares
TNKTEEKAY TANKERS LTD	21,317	$889K	shares
Sequans Communications SASequans Communications SA	598,166	$879K	shares
IBNICICI BK LTD	25,000	$841K	put
SIMOSILICON MOTION TECHNOLOGY CO	10,006	$752K	shares
VERVE THERAPEUTICS INCVERVE THERAPEUTICS INC	63,600	$714K	shares
PINSPINTEREST INC	18,800	$674K	put
VIGIL NEUROSCIENCE INCVIGIL NEUROSCIENCE INC	80,000	$636K	shares
USBUS BANCORP	13,578	$614K	shares
GDSGDS HLDGS LTD	20,000	$611K	put
INOZYME PHARMA INCINOZYME PHARMA INC	149,199	$597K	shares
HXLHEXCEL CORP NEW	9,989	$564K	shares
MUMICRON TECHNOLOGY INC	3,781	$466K	shares
SOHO HOUSE & CO INCSOHO HOUSE & CO INC	63,300	$465K	call
NV5 HOLDINGS, INCNV5 HOLDINGS, INC	20,000	$462K	shares
PFGPRINCIPAL FINANCIAL GROUP IN	5,500	$437K	put
MRVLMARVELL TECHNOLOGY INC	5,202	$403K	shares
TSCOTRACTOR SUPPLY CO	7,100	$375K	shares
RIVNRIVIAN AUTOMOTIVE INC	25,000	$344K	put
RIOTRIOT PLATFORMS INC	30,000	$339K	put
AZEK CO INCAZEK CO INC	6,131	$333K	shares
LACLITHIUM AMERS CORP NEW	120,000	$322K	shares
PINSPINTEREST INC	7,693	$276K	shares
PFGPRINCIPAL FINANCIAL GROUP IN	3,293	$262K	shares
ARMARM HOLDINGS PLC	1,538	$249K	shares
QTRXQUANTERIX CORP	35,000	$233K	shares
IBNICICI BK LTD	6,805	$229K	shares
EBAYEBAY INC.	2,986	$222K	shares
AKOYA BIOSCIENCES INC COMAKOYA BIOSCIENCES INC COM	170,000	$221K	shares
VVISA INC	600	$213K	put
NEMNEWMONT CORP	2,600	$151K	shares
EQXEQUINOX GOLD CORP	25,915	$149K	shares
GDSGDS HLDGS LTD	4,791	$146K	shares
MSMORGAN STANLEY	1,002	$141K	shares
RIVNRIVIAN AUTOMOTIVE INC	8,136	$112K	shares
AMRZAMRIZE LTD	2,202	$109K	shares
SCHWCHARLES SCHWAB CORP (THE)	718	$65.5K	shares
OLD POINT FINL CORPOLD POINT FINL CORP	1,632	$64.1K	shares
QIAGEN N.V.QIAGEN N.V.	1,200	$57.8K	put
RIOTRIOT PLATFORMS INC	4,957	$56K	shares
DDOGDATADOG INC	300	$40.3K	put
QIAGEN N.V.QIAGEN N.V.	740	$35.7K	shares
EWYISHARES INC	199	$14.3K	shares
FARO TECHNOLOGIES INCFARO TECHNOLOGIES INC	300	$13.2K	shares
DDOGDATADOG INC	85	$11.4K	shares
NIONIO INC	1,000	$3.43K	put
NIONIO INC	466	$1.6K	shares

How Q3 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 0001274419-25-000023	base		2025-11-07	acceptance time not in the bulk data set	2026-10-07 03:02:25 UTC