Skip to content
Disclosery

Ion Asset Management Ltd.

Follow

13F filer, CIK 1603837, Herzliya, Israel

Ion Asset Management Ltd. reported $910,569,749 across 63 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 62.74% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001178913-25-003858

Period
2025-09-30
Reported value
$911M
Holdings
63
Top 10 weight
62.74%
New
13
Sold out
15

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CHKPnew+258,615$53.5M
DDnew+451,000$35.1M
NXEadded+2,281,100$20.4M
FOLDnew+872,411$6.87M
VRNSnew+90,000$5.17M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TEVAreduced-32,837,875-$663M
CIENreduced-999,340-$146M
AERreduced-648,983-$78.5M
LWreduced-1,102,453-$64M
DKreduced-1,898,890-$61.3M

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 0001178913-25-003858, largest first. % of portfolio is the value over $818,422,084, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 40,327,407 shares; 2024Q1: 38,578,487 shares; 2024Q2: 36,329,620 shares; 2024Q3: 36,240,222 shares; 2024Q4: 36,650,000 shares; 2025Q1: 39,033,500 shares; 2025Q2: 38,347,875 shares; 2025Q3: 5,510,000 shares 5,510,000$111M13.6%-32,837,875Timeline
DKDELEK US HLDGS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 3,042,689 shares; 2024Q1: 2,860,955 shares; 2024Q2: 2,643,469 shares; 2024Q3: 2,966,491 shares; 2024Q4: 3,455,000 shares; 2025Q1: 3,676,400 shares; 2025Q2: 3,743,890 shares; 2025Q3: 1,845,000 shares 1,845,000$59.5M7.27%-1,898,890Timeline
GDXVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 1,078,255 shares; 2024Q3: 1,082,473 shares; 2024Q4: 1,008,400 shares; 2025Q1: 974,550 shares; 2025Q2: 978,970 shares; 2025Q3: 724,745 shares 724,745$55.4M6.77%-254,225Timeline
CHKPCHECK POINT SOFTWARE TECH LTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 258,615 shares 258,615$53.5M6.54%newTimeline
CSGPCOSTAR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: 146,970 shares; 2025Q1: 140,900 shares; 2025Q2: 1,169,833 shares; 2025Q3: 534,000 shares 534,000$45.1M5.5%-635,833Timeline
SLVISHARES SILVER TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 773,000 shares; 2024Q1: 1,040,000 shares; 2024Q2: 1,005,055 shares; 2024Q3: 1,075,855 shares; 2024Q4: 1,112,600 shares; 2025Q1: 1,106,600 shares; 2025Q2: 1,119,400 shares; 2025Q3: 952,175 shares 952,175$40.3M4.93%-167,225Timeline
PRGOPERRIGO CO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 1,290,095 shares; 2024Q3: 1,878,333 shares; 2024Q4: 2,820,000 shares; 2025Q1: 2,833,894 shares; 2025Q2: 3,817,621 shares; 2025Q3: 1,760,000 shares 1,760,000$39.2M4.79%-2,057,621Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 199,000 shares; 2024Q3: 721,499 shares; 2024Q4: 800,500 shares; 2025Q1: 733,729 shares; 2025Q2: 750,921 shares; 2025Q3: 394,000 shares 394,000$37.4M4.57%-356,921Timeline
AERAERCAP HOLDINGS NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 924,000 shares; 2024Q1: 1,126,300 shares; 2024Q2: 1,072,657 shares; 2024Q3: 1,091,626 shares; 2024Q4: 1,166,158 shares; 2025Q1: 1,036,000 shares; 2025Q2: 948,983 shares; 2025Q3: 300,000 shares 300,000$36.3M4.44%-648,983Timeline
DACDANAOS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 395,300 shares; 2024Q1: 380,800 shares; 2024Q2: 380,900 shares; 2024Q3: 383,000 shares; 2024Q4: 566,050 shares; 2025Q1: 566,694 shares; 2025Q2: 654,308 shares; 2025Q3: 394,345 shares 394,345$35.4M4.33%-259,963Timeline
DDDUPONT DE NEMOURS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 451,000 shares 451,000$35.1M4.29%newTimeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 2,163,580 shares; 2024Q1: 1,873,779 shares; 2024Q2: 1,557,479 shares; 2024Q3: 1,407,279 shares; 2024Q4: 1,276,326 shares; 2025Q1: 1,356,752 shares; 2025Q2: 1,211,264 shares; 2025Q3: 211,924 shares 211,924$30.9M3.77%-999,340Timeline
PHINPHINIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 630,000 shares; 2024Q1: 650,000 shares; 2024Q2: 687,000 shares; 2024Q3: 592,684 shares; 2024Q4: 639,000 shares; 2025Q1: 639,000 shares; 2025Q2: 625,412 shares; 2025Q3: 533,469 shares 533,469$30.7M3.75%-91,943Timeline
LWLAMB WESTON HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 832,000 shares; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,627,358 shares; 2025Q3: 524,905 shares 524,905$30.5M3.73%-1,102,453Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 67,000 shares; 2025Q3: 2,348,100 shares 2,348,100$21M2.57%+2,281,100Timeline
NMMNAVIOS MARITIME PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 77,967 shares; 2024Q3: 443,000 shares; 2024Q4: 805,678 shares; 2025Q1: 800,678 shares; 2025Q2: 817,963 shares; 2025Q3: 466,000 shares 466,000$21M2.57%-351,963Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 2,841,450 shares; 2024Q1: 3,600,000 shares; 2024Q2: 3,768,000 shares; 2024Q3: 3,800,350 shares; 2024Q4: 4,000,000 shares; 2025Q1: 4,300,000 shares; 2025Q2: 3,900,000 shares; 2025Q3: 4,197,679 shares 4,197,679$13.1M1.6%+297,679Timeline
OKTAOKTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: 17,400 shares; 2024Q4: 204,200 shares; 2025Q1: 196,400 shares; 2025Q2: 166,871 shares; 2025Q3: 130,000 shares 130,000$11.9M1.46%-36,871Timeline
MNDYMONDAY COM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 169,617 shares; 2024Q1: 53,350 shares; 2024Q2: 55,000 shares; 2024Q3: 55,000 shares; 2024Q4: 49,000 shares; 2025Q1: 39,780 shares; 2025Q2: 45,780 shares; 2025Q3: 55,000 shares 55,000$10.7M1.3%+9,220Timeline
DTDYNATRACE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 160,000 shares; 2024Q1: 300,000 shares; 2024Q2: 350,000 shares; 2024Q3: 320,000 shares; 2024Q4: 265,000 shares; 2025Q1: 260,000 shares; 2025Q2: 300,000 shares; 2025Q3: 200,000 shares 200,000$9.69M1.18%-100,000Timeline
XYZBLOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: 150,000 shares; 2024Q4: 100,000 shares; 2025Q1: 180,000 shares; 2025Q2: 180,000 shares; 2025Q3: 130,000 shares 130,000$9.4M1.15%-50,000Timeline
ITRIITRON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: 60,000 shares; 2024Q2: 60,000 shares; 2024Q3: 60,000 shares; 2024Q4: 60,000 shares; 2025Q1: 72,000 shares; 2025Q2: 72,000 shares; 2025Q3: 72,000 shares 72,000$8.97M1.1%0Timeline
ETORETORO GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares 200,000$8.25M1.01%0Timeline
FOLDAMICUS THERAPEUTICQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 872,411 shares 872,411$6.87M0.84%newTimeline
VRNSVARONIS SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 90,000 shares 90,000$5.17M0.63%newTimeline
VIAVIA TRANSN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 100,000 shares 100,000$4.81M0.59%newTimeline
CRSCARPENTER TECHNOLOGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 16,400 shares 16,400$4.03M0.49%newTimeline
UANCVR PARTNERS LP/CVR NITROGENQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 86,600 shares; 2024Q1: 86,600 shares; 2024Q2: 86,600 shares; 2024Q3: 86,600 shares; 2024Q4: 86,600 shares; 2025Q1: 86,600 shares; 2025Q2: 86,600 shares; 2025Q3: 40,393 shares 40,393$3.64M0.44%-46,207Timeline
MBLYMOBILEYE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: 19,400 shares; 2024Q2: 27,400 shares; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 240,000 shares 240,000$3.39M0.41%newTimeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: 376,000 shares; 2024Q2: 120,000 shares; 2024Q3: 100,000 shares; 2024Q4: 80,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares 40,000$2.6M0.32%0Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 139,000 shares; 2024Q1: 172,200 shares; 2024Q2: 3,257 shares; 2024Q3: 6,282 shares; 2024Q4: 6,895 shares; 2025Q1: 6,895 shares; 2025Q2: 6,710 shares; 2025Q3: 6,710 shares 6,710$2.39M0.29%0Timeline
SILGLOBAL X FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: 15,600 shares; 2024Q4: 26,700 shares; 2025Q1: 26,700 shares; 2025Q2: 30,800 shares; 2025Q3: 30,800 shares 30,800$2.21M0.27%0Timeline
KLARKLARNA GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,000 shares 50,000$1.83M0.22%newTimeline
GDXJVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: 8,000 shares; 2024Q4: 14,800 shares; 2025Q1: 20,250 shares; 2025Q2: 18,500 shares; 2025Q3: 18,500 shares 18,500$1.83M0.22%0Timeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: 6,500 shares; 2024Q4: 8,100 shares; 2025Q1: 11,070 shares; 2025Q2: 11,070 shares; 2025Q3: 10,530 shares 10,530$1.77M0.22%-540Timeline
WPMWHEATON PRECIOUS METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 344,000 shares; 2024Q1: not reported; 2024Q2: 9,223 shares; 2024Q3: 14,510 shares; 2024Q4: 15,700 shares; 2025Q1: 15,700 shares; 2025Q2: 13,695 shares; 2025Q3: 13,695 shares 13,695$1.53M0.19%0Timeline
IBKRINTERACTIVE BROKERS GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,000 shares; 2025Q3: 20,000 shares 20,000$1.38M0.17%0Timeline
PARRPAR PAC HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 31,600 shares; 2025Q3: 36,860 shares 36,860$1.31M0.16%+5,260Timeline
CMICUMMINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 1,648 shares; 2024Q3: 3,398 shares; 2024Q4: 3,450 shares; 2025Q1: 3,450 shares; 2025Q2: 3,085 shares; 2025Q3: 3,085 shares 3,085$1.3M0.16%0Timeline
LITELUMENTUM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: 12,300 shares; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,186 shares; 2025Q3: 8,000 shares 8,000$1.3M0.16%-1,186Timeline
CVICVR ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 27,700 shares; 2025Q3: 33,385 shares 33,385$1.22M0.15%+5,685Timeline
KTOSKRATOS DEFENSE & SEC SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 17,740 shares; 2025Q3: 12,285 shares 12,285$1.12M0.14%-5,455Timeline
KSAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 26,300 shares 26,300$1.07M0.13%newTimeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 27,150 shares; 2025Q3: 27,150 shares 27,150$942K0.12%0Timeline
TTMITTM TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: 63,800 shares; 2024Q2: 374,150 shares; 2024Q3: 124,150 shares; 2024Q4: 124,150 shares; 2025Q1: 329,650 shares; 2025Q2: 173,179 shares; 2025Q3: 16,000 shares 16,000$922K0.11%-157,179Timeline
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 81,800 shares 81,800$888K0.11%newTimeline
MPMP MATERIALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 31,430 shares; 2025Q3: 12,985 shares 12,985$871K0.11%-18,445Timeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 724,000 shares; 2024Q1: 150,000 shares; 2024Q2: 129,712 shares; 2024Q3: 139,862 shares; 2024Q4: 141,520 shares; 2025Q1: 101,520 shares; 2025Q2: 21,520 shares; 2025Q3: 21,520 shares 21,520$844K0.1%0Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 3,500 shares; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,000 shares 3,000$838K0.1%newTimeline
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,150 shares; 2025Q2: 14,150 shares; 2025Q3: 14,150 shares 14,150$831K0.1%0Timeline
RGLDROYAL GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,100 shares; 2025Q3: 4,100 shares 4,100$822K0.1%0Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,650 shares; 2025Q2: 15,650 shares; 2025Q3: 15,650 shares 15,650$763K0.09%0Timeline
SCCOSOUTHERN COPPER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: 2,262 shares; 2024Q4: 5,060 shares; 2025Q1: 5,948 shares; 2025Q2: 6,006 shares; 2025Q3: 6,066 shares 6,066$736K0.09%+60Timeline
ADMARCHER DANIELS MIDLAND COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 12,185 shares 12,185$728K0.09%newTimeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 3,463 shares; 2024Q3: 7,338 shares; 2024Q4: 7,880 shares; 2025Q1: 3,050 shares; 2025Q2: 4,150 shares; 2025Q3: 4,150 shares 4,150$694K0.08%0Timeline
GNKGENCO SHIPPING & TRADING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 997,000 shares; 2024Q1: 540,000 shares; 2024Q2: 175,949 shares; 2024Q3: 36,200 shares; 2024Q4: 39,040 shares; 2025Q1: 39,040 shares; 2025Q2: 36,465 shares; 2025Q3: 36,465 shares 36,465$649K0.08%0Timeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 9,906 shares; 2024Q3: 17,906 shares; 2024Q4: 18,865 shares; 2025Q1: 10,805 shares; 2025Q2: 10,805 shares; 2025Q3: 16,000 shares 16,000$647K0.08%+5,195Timeline
NSCNORFOLK SOUTHN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: 2,000 shares; 2024Q4: 2,500 shares; 2025Q1: 2,500 shares; 2025Q2: 1,880 shares; 2025Q3: 1,880 shares 1,880$565K0.07%0Timeline
SBLKSTAR BULK CARRIERS CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: 1,813,000 shares; 2024Q1: 1,165,862 shares; 2024Q2: 18,844 shares; 2024Q3: 30,100 shares; 2024Q4: 32,246 shares; 2025Q1: 30,270 shares; 2025Q2: 30,270 shares; 2025Q3: 30,270 shares 30,270$563K0.07%0Timeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 21,750 shares; 2025Q3: 28,400 shares 28,400$540K0.07%+6,650Timeline
EOGEOG RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: not reported; 2024Q1: not reported; 2024Q2: 2,192 shares; 2024Q3: 2,192 shares; 2024Q4: 5,500 shares; 2025Q1: 5,500 shares; 2025Q2: 5,500 shares; 2025Q3: 2,000 shares 2,000$224K0.03%-3,500Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
QQQINVESCO QQQ TR COMput120,000$72M+45,800
CRWVCOREWEAVE INC COMput146,900$20.1Mnew

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
TLTISHARES TR600,000$53Mput
IBITISHARES BITCOIN TRUST ETF450,000$27.5Mput
IMAXIMAX CORP777,800$21.7Mshares
HYGISHARES TR200,000$16.1Mput
ZIMZIM INTEGRATED SHIPPING SERV947,300$15.2Mcall
FCXFREEPORT MCMORAN INC150,000$6.5Mcall
TTDTHE TRADE DESK INC80,000$5.76Mshares
CVICVR ENERGY INC179,600$4.82Mcall
MTSIMACOM TECH SOLUTIONS HLDGS I20,000$2.87Mshares
VOYGVOYAGER TECHNOLOGIES INC50,000$1.96Mshares
PANWPALO ALTO NETWORKS INC5,700$1.17Mshares
KMIKINDER MORGAN INC DEL28,700$844Kshares
XOMEXXON MOBIL CORP6,150$663Kshares
PAAPLAINS ALL AMERN PIPELINE L24,200$443Kshares
COSTCOSTCO WHOLESALE CORPORATION295$292Kshares

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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001178913-25-003858 base2025-11-14acceptance time not in the bulk data set