Laurion Capital Management LP
Follow13F filer, CIK 1390202, NEW YORK, NY
Laurion Capital Management LP reported $3,974,835,398 across 264 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 61.86% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-003290
- Period
- 2025-03-31
- Reported value
- $3.97B
- Holdings
- 264
- Top 10 weight
- 61.86%
- New
- 116
- Sold out
- 145
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| HCAnew | +135,000 | $46.6M |
| BAnew | +221,776 | $37.8M |
| MRVLadded | +539,807 | $33.2M |
| JPMnew | +84,666 | $20.8M |
| NEEadded | +276,989 | $19.6M |
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 |
|---|---|---|
| SPYexited | -201,706 | -$118M |
| NVDAexited | -524,718 | -$70.5M |
| HESS CORPreduced | -363,274 | -$58M |
| NFLXreduced | -40,509 | -$37.8M |
| AMDreduced | -310,057 | -$31.9M |
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 159 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 |
|---|---|---|---|---|
| IWMISHARES TR SHS | put | 2,669,400 | $533M | new |
| HYGISHARES TR IBOXX HI YD ETF | put | 2,800,000 | $221M | -2,017,200 |
| METAMETA PLATFORMS INC COM | call | 222,600 | $128M | -566,000 |
| TSLATESLA INC COM | call | 466,800 | $121M | +248,700 |
| TSLATESLA INC COM | put | 412,300 | $107M | +370,300 |
| HYGISHARES TR IBOXX HI YD ETF | call | 1,000,000 | $78.9M | -1,000,000 |
| SHELSHELL PLC ADR | call | 1,000,000 | $73.3M | new |
| JPMJPMORGAN CHASE & CO COM | put | 288,800 | $70.8M | +137,200 |
| AMDADVANCED MICRO DEVICES INC COM | call | 653,300 | $67.1M | +493,100 |
| JPMJPMORGAN CHASE & CO COM | call | 253,900 | $62.3M | +120,700 |
| AAPLAPPLE INC COM | call | 255,800 | $56.8M | -164,300 |
| AMDADVANCED MICRO DEVICES INC COM | put | 533,700 | $54.8M | +304,600 |
| MRVLMARVELL TECHNOLOGY INC COM | put | 830,000 | $51.1M | +800,400 |
| ALLALLSTATE CORP Stock | call | 242,500 | $50.2M | new |
| CSCOCISCO SYS INC COM | put | 785,000 | $48.4M | +471,700 |
| PMPHILIP MORRIS INTL INC COM | call | 235,000 | $37.3M | new |
| AAPLAPPLE INC COM | put | 166,700 | $37M | -451,700 |
| TXNTEXAS INSTRS INC COM | call | 200,000 | $35.9M | new |
| KOCOCA COLA CO COM | call | 500,000 | $35.8M | new |
| METAMETA PLATFORMS INC COM | put | 56,700 | $32.7M | -163,700 |
| GSGOLDMAN SACHS GROUP INC COM | put | 57,400 | $31.4M | +10,000 |
| UNHUNITEDHEALTH GROUP INC COM | call | 58,600 | $30.7M | new |
| GSGOLDMAN SACHS GROUP INC COM | call | 55,400 | $30.3M | -25,300 |
| GOOGLALPHABET INC COM | put | 181,800 | $28.1M | new |
| WFCWELLS FARGO & CO COM | call | 361,400 | $25.9M | +241,100 |
| CVXCHEVRON CORPORATION COM | call | 150,000 | $25.1M | -771,900 |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | call | 187,900 | $24.8M | new |
| TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS | put | 137,900 | $22.9M | +28,100 |
| ADBEADOBE INC COM | put | 58,800 | $22.6M | +58,100 |
| MDTMEDTRONIC PLC COM | call | 250,000 | $22.5M | new |
| DELLDELL TECHNOLOGIES INC Stock | put | 238,900 | $21.8M | +193,300 |
| UNHUNITEDHEALTH GROUP INC COM | put | 40,400 | $21.2M | new |
| COPCONOCOPHILLIPS COM | call | 200,000 | $21M | new |
| TFCTRUIST FINL CORP Stock | call | 500,000 | $20.6M | new |
| CSCOCISCO SYS INC COM | call | 326,900 | $20.2M | -310,900 |
| CRMSALESFORCE INC COM | call | 74,100 | $19.9M | +41,600 |
| SLBSLB LIMITED COM | put | 420,000 | $17.6M | +419,900 |
| SLBSLB LIMITED COM | call | 420,000 | $17.6M | +338,700 |
| AMATAPPLIED MATLS INC COM | put | 115,200 | $16.7M | new |
| AXPAMERICAN EXPRESS CO COM | call | 62,000 | $16.7M | -38,900 |
| GOOGALPHABET INC COM | call | 106,600 | $16.7M | new |
| MCDMCDONALDS CORP COM | put | 50,000 | $15.6M | new |
| MSMORGAN STANLEY COM | call | 126,400 | $14.7M | +69,900 |
| MSMORGAN STANLEY COM | put | 125,100 | $14.6M | +34,000 |
| GOOGLALPHABET INC COM | call | 79,100 | $12.2M | new |
| NOWSERVICENOW INC COM | put | 15,300 | $12.2M | -12,000 |
| CNCCENTENE CORP DEL Stock | put | 200,000 | $12.1M | new |
| MDBMONGODB INC Stock | put | 61,500 | $10.8M | new |
| BLKBLACKROCK INC COM | put | 11,200 | $10.6M | -1,100 |
| SPOTSPOTIFY TECHNOLOGY S A STOK | call | 18,900 | $10.4M | new |
| COFCAPITAL ONE FINL CORP COM | call | 57,700 | $10.3M | new |
| ORCLORACLE CORP COM | call | 67,500 | $9.44M | +66,800 |
| WFCWELLS FARGO & CO COM | put | 130,900 | $9.4M | -182,800 |
| LULULULULEMON ATHLETICA INC COM | put | 32,900 | $9.31M | +32,500 |
| AMZNAMAZON COM INC COM | call | 46,200 | $8.79M | -223,200 |
| ISRGINTUITIVE SURGICAL INC COM | put | 17,100 | $8.47M | new |
| AVGOBROADCOM INC COM | put | 50,400 | $8.44M | -50,100 |
| GOOGALPHABET INC COM | put | 51,400 | $8.03M | new |
| CRMSALESFORCE INC COM | put | 29,200 | $7.84M | +19,500 |
| TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS | call | 46,700 | $7.75M | +3,400 |
| BXBLACKSTONE INC COM | put | 54,200 | $7.58M | -55,900 |
| DELLDELL TECHNOLOGIES INC Stock | call | 65,400 | $5.96M | -14,700 |
| MARMARRIOTT INTL INC NEW Stock | call | 24,800 | $5.91M | +11,500 |
| WMTWALMART INC COM | put | 63,100 | $5.54M | new |
| LRCXLAM RESEARCH CORP COM | put | 74,600 | $5.42M | new |
| CCITIGROUP INC COM | put | 74,900 | $5.32M | -124,100 |
| GEGE AEROSPACE COM | put | 25,500 | $5.1M | +21,900 |
| BACBANK OF AMER CORP COM | put | 120,000 | $5.01M | -1,488,400 |
| CCLCARNIVAL CORP Stock | put | 250,500 | $4.89M | +134,800 |
| AMATAPPLIED MATLS INC COM | call | 33,700 | $4.89M | new |
| BXBLACKSTONE INC COM | call | 33,900 | $4.74M | +4,800 |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | put | 32,600 | $4.31M | new |
| ETNEATON CORP PLC COM | call | 15,200 | $4.13M | -16,200 |
| ANETARISTA NETWORKS INC COM | call | 45,500 | $3.53M | new |
| URIUNITED RENTALS INC Stock | call | 5,000 | $3.13M | new |
| BSXBOSTON SCIENTIFIC CORP COM | put | 28,800 | $2.91M | new |
| XYZBLOCK INC Stock | call | 45,700 | $2.48M | new |
| CCITIGROUP INC COM | call | 34,400 | $2.44M | +33,900 |
| APOAPOLLO GLOBAL MGMT INC Stock | call | 16,900 | $2.31M | -4,500 |
| RCLROYAL CARIBBEAN GROUP Stock | call | 10,400 | $2.14M | -25,700 |
| MRKMERCK & CO INC COM | call | 21,700 | $1.95M | -600 |
| BPBP PLC ADR | call | 50,000 | $1.69M | 0 |
| NOWSERVICENOW INC COM | call | 2,100 | $1.67M | -7,700 |
| DALDELTA AIR LINES INC Stock | put | 33,600 | $1.46M | +2,700 |
| DALDELTA AIR LINES INC Stock | call | 32,300 | $1.41M | -13,600 |
| CCLCARNIVAL CORP Stock | call | 13,800 | $270K | -301,000 |
| AXPAMERICAN EXPRESS CO COM | put | 1,000 | $269K | -35,000 |
| AVGOBROADCOM INC COM | call | 1,600 | $268K | -194,200 |
| GEGE AEROSPACE COM | call | 700 | $140K | -39,000 |
| MARMARRIOTT INTL INC NEW Stock | put | 300 | $71.5K | -20,800 |
| ORCLORACLE CORP COM | put | 400 | $55.9K | -90,000 |
| ISRGINTUITIVE SURGICAL INC COM | call | 100 | $49.5K | new |
| ADBEADOBE INC COM | call | 100 | $38.4K | 0 |
| MRVLMARVELL TECHNOLOGY INC COM | call | 500 | $30.8K | -200 |
| LULULULULEMON ATHLETICA INC COM | call | 100 | $28.3K | -19,500 |
| ANETARISTA NETWORKS INC COM | put | 300 | $23.2K | new |
| RCLROYAL CARIBBEAN GROUP Stock | put | 100 | $20.5K | -137,200 |
| MDBMONGODB INC Stock | call | 100 | $17.5K | new |
| BABOEING CO COM | call | 100 | $17.1K | -429,900 |
| MRKMERCK & CO INC COM | put | 100 | $8.98K | 0 |
| LRCXLAM RESEARCH CORP COM | call | 100 | $7.27K | new |
| XYZBLOCK INC Stock | put | 100 | $5.43K | 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 |
|---|---|---|---|---|
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 19,100,000 | $17.2M | 0 |
| NIO INCNIO INC NOTE 3.875%10/1 | principal | 17,500,000 | $13.1M | 0 |
| NIO INCNIO INC NOTE 4.625%10/1 | principal | 15,500,000 | $10.8M | 0 |
Sold out in Q1 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 145. All 145
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NVDANVIDIA CORPORATION | 1,133,300 | $152M | call |
| SPYSTATE STR SPDR S&P 500 ETF T | 201,706 | $118M | shares |
| SPYSTATE STR SPDR S&P 500 ETF T | 189,000 | $111M | call |
| SPYSTATE STR SPDR S&P 500 ETF T | 185,000 | $108M | put |
| GEVGE VERNOVA INC | 258,500 | $85M | call |
| MSFTMICROSOFT CORP | 195,900 | $82.6M | put |
| MSFTMICROSOFT CORP | 195,900 | $82.6M | call |
| NVDANVIDIA CORPORATION | 524,718 | $70.5M | shares |
| BABOEING CO | 380,000 | $67.3M | put |
| NFLXNETFLIX INC. | 65,000 | $57.9M | put |
| AMZNAMAZON COM INC | 258,300 | $56.7M | put |
| NFLXNETFLIX INC. | 55,400 | $49.4M | call |
| GEVGE VERNOVA INC | 96,200 | $31.6M | put |
| AMZNAMAZON COM INC | 132,773 | $29.1M | shares |
| CRWDCROWDSTRIKE HLDGS INC | 80,800 | $27.6M | put |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 775,900 | $26.4M | call |
| COSTCOSTCO WHOLESALE CORPORATION | 23,500 | $21.5M | put |
| XOMEXXON MOBIL CORP | 200,000 | $21.5M | call |
| CEGCONSTELLATION ENERGY CORP | 94,600 | $21.2M | call |
| CMCSACOMCAST CORP NEW | 555,945 | $20.9M | shares |
| MSFTMICROSOFT CORP | 45,629 | $19.2M | shares |
| NUENUCOR CORP | 160,000 | $18.7M | call |
| AXONAXON ENTERPRISE INC | 30,500 | $18.1M | put |
| HDHOME DEPOT INC | 45,600 | $17.7M | call |
| PEPPEPSICO INC | 113,004 | $17.2M | shares |
| BKNGBOOKING HOLDINGS INC | 3,400 | $16.9M | put |
| BKNGBOOKING HOLDINGS INC | 3,300 | $16.4M | call |
| INTCINTEL CORP | 815,925 | $16.4M | shares |
| NVDANVIDIA CORPORATION | 119,600 | $16.1M | put |
| COSTCOSTCO WHOLESALE CORPORATION | 16,814 | $15.4M | shares |
| NEMNEWMONT CORP | 371,500 | $13.8M | call |
| REGNREGENERON PHARMACEUTICALS | 19,100 | $13.6M | call |
| UALUNITED AIRLS HLDGS INC | 124,900 | $12.1M | call |
| PMPHILIP MORRIS INTL INC | 95,000 | $11.4M | shares |
| RCLROYAL CARIBBEAN GROUP | 49,190 | $11.3M | shares |
| REGNREGENERON PHARMACEUTICALS | 15,900 | $11.3M | put |
| UBERUBER TECHNOLOGIES INC | 185,100 | $11.2M | call |
| CVNACARVANA CO | 52,400 | $10.7M | call |
| ASMLASML HLDG NV | 15,300 | $10.6M | put |
| CATCATERPILLAR INC | 28,100 | $10.2M | put |
| ADSKAUTODESK INC | 33,500 | $9.9M | put |
| ORCLORACLE CORP | 55,914 | $9.32M | shares |
| SHOPSHOPIFY INC | 85,000 | $9.04M | put |
| TEAMATLASSIAN CORPORATION | 36,300 | $8.83M | put |
| SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A) | 157,100 | $8.8M | call |
| LLYELI LILLY & CO | 10,800 | $8.34M | call |
| AXONAXON ENTERPRISE INC | 13,774 | $8.19M | shares |
| CRWDCROWDSTRIKE HLDGS INC | 22,500 | $7.7M | call |
| TEAMATLASSIAN CORPORATION | 31,046 | $7.56M | shares |
| MDTMEDTRONIC PLC | 91,374 | $7.3M | shares |
| CATCATERPILLAR INC | 20,098 | $7.29M | shares |
| SNOWSNOWFLAKE INC | 47,100 | $7.27M | put |
| HDHOME DEPOT INC | 18,400 | $7.16M | put |
| TTDTHE TRADE DESK INC | 59,100 | $6.95M | put |
| AALAMERICAN AIRLINES GROUP INC | 397,400 | $6.93M | put |
| TTDTHE TRADE DESK INC | 57,800 | $6.79M | call |
| CATCATERPILLAR INC | 18,100 | $6.57M | call |
| WFCWELLS FARGO & CO | 93,045 | $6.54M | shares |
| TTDTHE TRADE DESK INC | 52,515 | $6.17M | shares |
| SHOPSHOPIFY INC | 57,400 | $6.1M | call |
| PYPLPAYPAL HLDGS INC | 70,900 | $6.05M | put |
| ASMLASML HLDG NV | 8,611 | $5.97M | shares |
| AXONAXON ENTERPRISE INC | 9,200 | $5.47M | call |
| UBERUBER TECHNOLOGIES INC | 89,900 | $5.42M | put |
| KMBKIMBERLY-CLARK CORP | 40,300 | $5.28M | shares |
| UALUNITED AIRLS HLDGS INC | 48,700 | $4.73M | put |
| SBUXSTARBUCKS CORP | 51,600 | $4.71M | call |
| CMGCHIPOTLE MEXICAN GRILL INC | 75,200 | $4.53M | put |
| GMGENERAL MTRS CO | 79,100 | $4.21M | put |
| BLKBLACKROCK INC | 3,900 | $4M | call |
| CRWDCROWDSTRIKE HLDGS INC | 11,217 | $3.84M | shares |
| ITWILLINOIS TOOL WKS INC | 14,428 | $3.66M | shares |
| CMGCHIPOTLE MEXICAN GRILL INC | 57,000 | $3.44M | call |
| SYKSTRYKER CORPORATION | 9,400 | $3.38M | put |
| IRMIRON MTN INC DEL | 30,626 | $3.22M | shares |
| CEGCONSTELLATION ENERGY CORP | 14,100 | $3.15M | put |
| SESEA LTD | 28,800 | $3.06M | call |
| STTSTATE STR CORP | 30,025 | $2.95M | shares |
| SNOWSNOWFLAKE INC | 18,517 | $2.86M | shares |
| KKRKKR & CO INC | 17,600 | $2.6M | put |
| VICIVICI PPTYS INC | 87,503 | $2.56M | shares |
| APPAPPLOVIN CORP | 7,568 | $2.45M | shares |
| BRBROADRIDGE FINL SOLUTIONS IN | 8,500 | $1.92M | shares |
| ACADACADIA PHARMACEUTICALS INC | 98,896 | $1.81M | shares |
| AALAMERICAN AIRLINES GROUP INC | 90,103 | $1.57M | shares |
| TEAMATLASSIAN CORPORATION | 6,100 | $1.48M | call |
| FTNTFORTINET INC | 14,700 | $1.39M | put |
| REGREGENCY CTRS CORP | 18,189 | $1.34M | shares |
| ADSKAUTODESK INC | 4,412 | $1.3M | shares |
| IPINTERNATIONAL PAPER CO | 20,576 | $1.11M | shares |
| OKEONEOK INC NEW | 10,655 | $1.07M | shares |
| JBTMJBT MAREL CORPORATION | 8,091 | $1.03M | shares |
| SLDBSOLID BIOSCIENCES INC | 255,077 | $1.02M | shares |
| MPCMARATHON PETE CORP | 7,049 | $983K | shares |
| ILMNILLUMINA INC | 7,112 | $950K | shares |
| APTVAPTIV PLC | 15,584 | $943K | shares |
| SNOWSNOWFLAKE INC | 6,000 | $926K | call |
| CVNACARVANA CO | 4,200 | $854K | put |
| FTNTFORTINET INC | 8,300 | $784K | call |
| IONQ INCIONQ INC | 25,000 | $762K | shares |
How Q1 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001085146-25-003290 | base | 2025-05-15 | acceptance time not in the bulk data set |