Laurion Capital Management LP
Follow13F filer, CIK 1390202, NEW YORK, NY
Laurion Capital Management LP reported $5,542,177,162 across 381 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 58.51% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-005243
- Period
- 2025-06-30
- Reported value
- $5.54B
- Holdings
- 381
- Top 10 weight
- 58.51%
- New
- 251
- Sold out
- 134
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| COFnew | +176,638 | $37.6M |
| TSLAnew | +68,520 | $21.8M |
| MAadded | +34,447 | $19.4M |
| KTOSnew | +250,000 | $11.6M |
| CEGnew | +31,876 | $10.3M |
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.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| DISCOVER FINL SVCSexited | -961,697 | -$164M |
| UNITED STATES STL CORP NEWexited | -1,250,304 | -$52.8M |
| HCAreduced | -133,350 | -$51.1M |
| BAexited | -221,776 | -$37.8M |
| KRreduced | -522,222 | -$37.5M |
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 251 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 |
|---|---|---|---|---|
| HYGISHARES TR IBOXX HI YD ETF | put | 3,504,700 | $283M | +704,700 |
| NVDANVIDIA CORPORATION COM | put | 1,768,400 | $279M | new |
| NVDANVIDIA CORPORATION COM | call | 1,554,300 | $246M | new |
| AMZNAMAZON COM INC COM | call | 764,400 | $168M | +718,200 |
| IWMISHARES TR SHS | put | 750,000 | $162M | -1,919,400 |
| HYGISHARES TR IBOXX HI YD ETF | call | 1,575,000 | $127M | +575,000 |
| ABBVABBVIE INC COM | call | 680,900 | $126M | new |
| MSFTMICROSOFT CORP COM | put | 251,300 | $125M | new |
| METAMETA PLATFORMS INC COM | call | 151,500 | $112M | -71,100 |
| JPMJPMORGAN CHASE & CO COM | put | 363,800 | $105M | +75,000 |
| METAMETA PLATFORMS INC COM | put | 137,500 | $101M | +80,800 |
| MSFTMICROSOFT CORP COM | call | 203,600 | $101M | new |
| GOOGLALPHABET INC COM | call | 534,100 | $94.1M | +455,000 |
| PNCPNC FINL SVCS GROUP INC Stock | call | 500,000 | $93.2M | new |
| AAPLAPPLE INC COM | put | 405,500 | $83.2M | +238,800 |
| SBUXSTARBUCKS CORP COM | put | 889,400 | $81.5M | new |
| LLYELI LILLY & CO COM | call | 100,000 | $78M | new |
| GOOGLALPHABET INC COM | put | 439,600 | $77.5M | +257,800 |
| GSGOLDMAN SACHS GROUP INC COM | call | 105,200 | $74.5M | +49,800 |
| MSMORGAN STANLEY COM | call | 504,000 | $71M | +377,600 |
| TSLATESLA INC COM | call | 215,700 | $68.5M | -251,100 |
| CVXCHEVRON CORPORATION COM | call | 475,000 | $68M | +325,000 |
| GSGOLDMAN SACHS GROUP INC COM | put | 94,400 | $66.8M | +37,000 |
| AAPLAPPLE INC COM | call | 325,600 | $66.8M | +69,800 |
| BACBANK OF AMER CORP COM | call | 1,334,100 | $63.1M | new |
| MAMASTERCARD INCORPORATED COM | put | 102,400 | $57.5M | new |
| GOOGALPHABET INC COM | call | 318,000 | $56.4M | +211,400 |
| MRVLMARVELL TECHNOLOGY INC COM | call | 700,000 | $54.2M | +699,500 |
| MCHPMICROCHIP TECHNOLOGY INC. Stock | call | 752,600 | $53M | new |
| JPMJPMORGAN CHASE & CO COM | call | 174,700 | $50.6M | -79,200 |
| TSLATESLA INC COM | put | 156,400 | $49.7M | -255,900 |
| MSMORGAN STANLEY COM | put | 351,300 | $49.5M | +226,200 |
| AMZNAMAZON COM INC COM | put | 208,500 | $45.7M | new |
| USBUS BANCORP COM NEW | call | 1,000,000 | $45.2M | new |
| SCHWCHARLES SCHWAB CORP (THE) COM | call | 472,700 | $43.1M | new |
| GOOGALPHABET INC COM | put | 222,700 | $39.5M | +171,300 |
| BABOEING CO COM | call | 188,000 | $39.4M | +187,900 |
| COPCONOCOPHILLIPS COM | put | 400,000 | $35.9M | new |
| CMCSACOMCAST CORP NEW COM | call | 1,000,000 | $35.7M | new |
| BABOEING CO COM | put | 166,100 | $34.8M | new |
| MAMASTERCARD INCORPORATED COM | call | 60,100 | $33.8M | new |
| ORCLORACLE CORP COM | put | 150,000 | $32.8M | +149,600 |
| ORCLORACLE CORP COM | call | 150,000 | $32.8M | +82,500 |
| MELIMERCADOLIBRE INC STOK | put | 12,300 | $32.1M | new |
| DASHDOORDASH INC Stock | put | 125,800 | $31M | new |
| SPOTSPOTIFY TECHNOLOGY S A STOK | call | 39,800 | $30.5M | +20,900 |
| TXNTEXAS INSTRS INC COM | put | 140,500 | $29.2M | new |
| UNPUNION PAC CORP COM | put | 123,800 | $28.5M | new |
| UNPUNION PAC CORP COM | call | 123,800 | $28.5M | new |
| XOMEXXON MOBIL CORP COM | call | 240,000 | $25.9M | new |
| KOCOCA COLA CO COM | call | 363,700 | $25.7M | -136,300 |
| TXNTEXAS INSTRS INC COM | call | 122,700 | $25.5M | -77,300 |
| AMGNAMGEN INC COM | call | 89,700 | $25M | new |
| CRWDCROWDSTRIKE HLDGS INC COM | call | 49,100 | $25M | new |
| WFCWELLS FARGO & CO COM | put | 285,900 | $22.9M | +155,000 |
| HONHONEYWELL INTL INC COM | put | 96,800 | $22.5M | new |
| CVNACARVANA CO Stock | put | 65,900 | $22.2M | new |
| CRWDCROWDSTRIKE HLDGS INC COM | put | 43,300 | $22.1M | new |
| KKRKKR & CO INC COM | put | 160,600 | $21.4M | new |
| CSCOCISCO SYS INC COM | put | 303,000 | $21M | -482,000 |
| CCITIGROUP INC COM | put | 240,100 | $20.4M | +165,200 |
| GEVGE VERNOVA INC COM | put | 38,600 | $20.4M | new |
| BKNGBOOKING HOLDINGS INC COM | call | 3,500 | $20.3M | new |
| SPOTSPOTIFY TECHNOLOGY S A STOK | put | 25,300 | $19.4M | new |
| NSCNORFOLK SOUTHN CORP Stock | put | 75,000 | $19.2M | new |
| NSCNORFOLK SOUTHN CORP Stock | call | 75,000 | $19.2M | new |
| BACBANK OF AMER CORP COM | put | 398,000 | $18.8M | +278,000 |
| SPGIS&P GLOBAL INC COM | call | 34,700 | $18.3M | new |
| CRMSALESFORCE INC COM | put | 64,100 | $17.5M | +34,900 |
| SNOWSNOWFLAKE INC Stock | call | 69,700 | $15.6M | new |
| DISDISNEY WALT CO COM | put | 113,600 | $14.1M | new |
| AMDADVANCED MICRO DEVICES INC COM | put | 99,200 | $14.1M | -434,500 |
| SOSOUTHERN CO COM | call | 150,000 | $13.8M | new |
| RCLROYAL CARIBBEAN GROUP Stock | call | 43,900 | $13.7M | +33,500 |
| MCHPMICROCHIP TECHNOLOGY INC. Stock | put | 170,600 | $12M | new |
| INTUINTUIT COM | call | 15,000 | $11.8M | new |
| AMATAPPLIED MATLS INC COM | put | 62,200 | $11.4M | -53,000 |
| ETNEATON CORP PLC COM | call | 30,200 | $10.8M | +15,000 |
| NOWSERVICENOW INC COM | call | 10,300 | $10.6M | +8,200 |
| GEVGE VERNOVA INC COM | call | 19,900 | $10.5M | new |
| APOAPOLLO GLOBAL MGMT INC Stock | put | 73,900 | $10.5M | new |
| XLESELECT SECTOR SPDR TR SHS | put | 120,000 | $10.2M | new |
| XLESELECT SECTOR SPDR TR SHS | call | 120,000 | $10.2M | new |
| SNOWSNOWFLAKE INC Stock | put | 43,600 | $9.76M | new |
| CATCATERPILLAR INC COM | put | 24,500 | $9.51M | new |
| VVISA INC COM | call | 26,100 | $9.27M | new |
| BLKBLACKROCK INC COM | call | 8,800 | $9.23M | new |
| SHOPSHOPIFY INC CL A SUB VTG SHS | put | 78,100 | $9.01M | new |
| SPGIS&P GLOBAL INC COM | put | 16,500 | $8.7M | new |
| PANWPALO ALTO NETWORKS INC COM | put | 39,700 | $8.12M | new |
| DELLDELL TECHNOLOGIES INC Stock | put | 60,400 | $7.41M | -178,500 |
| DDOMINION ENERGY INC Stock | call | 125,000 | $7.07M | new |
| ADIANALOG DEVICES INC COM | call | 28,900 | $6.88M | new |
| BXBLACKSTONE INC COM | put | 45,400 | $6.79M | -8,800 |
| ISRGINTUITIVE SURGICAL INC COM | put | 12,300 | $6.68M | -4,800 |
| BLKBLACKROCK INC COM | put | 6,200 | $6.51M | -5,000 |
| MARMARRIOTT INTL INC NEW Stock | call | 23,700 | $6.48M | -1,100 |
| CCITIGROUP INC COM | call | 75,900 | $6.46M | +41,500 |
| ADIANALOG DEVICES INC COM | put | 25,800 | $6.14M | new |
| DELLDELL TECHNOLOGIES INC Stock | call | 49,500 | $6.07M | -15,900 |
| AXPAMERICAN EXPRESS CO COM | call | 17,900 | $5.71M | -44,100 |
| PANWPALO ALTO NETWORKS INC COM | call | 22,900 | $4.69M | new |
| AMDADVANCED MICRO DEVICES INC COM | call | 31,400 | $4.46M | -621,900 |
| VVISA INC COM | put | 12,000 | $4.26M | new |
| INTUINTUIT COM | put | 4,700 | $3.7M | new |
| CSCOCISCO SYS INC COM | call | 45,100 | $3.13M | -281,800 |
| ASMLASML HLDG NV STOK | call | 3,700 | $2.97M | new |
| NFLXNETFLIX INC. COM | put | 2,200 | $2.95M | new |
| BXBLACKSTONE INC COM | call | 19,400 | $2.9M | -14,500 |
| WFCWELLS FARGO & CO COM | call | 35,200 | $2.82M | -326,200 |
| SHOPSHOPIFY INC CL A SUB VTG SHS | call | 24,200 | $2.79M | new |
| PGPROCTER & GAMBLE CO COM | call | 11,500 | $1.83M | new |
| FCXFREEPORT MCMORAN INC Stock | call | 42,100 | $1.83M | new |
| MRKMERCK & CO INC COM | call | 21,700 | $1.72M | 0 |
| CRMSALESFORCE INC COM | call | 5,400 | $1.47M | -68,700 |
| HONHONEYWELL INTL INC COM | call | 6,200 | $1.44M | new |
| QCOMQUALCOMM INC COM | put | 8,800 | $1.4M | new |
| UNHUNITEDHEALTH GROUP INC COM | call | 1,800 | $562K | -56,800 |
| MELIMERCADOLIBRE INC STOK | call | 200 | $523K | new |
| UBERUBER TECHNOLOGIES INC COM | call | 3,700 | $345K | new |
| RCLROYAL CARIBBEAN GROUP Stock | put | 800 | $251K | +700 |
| AXONAXON ENTERPRISE INC STOK | put | 200 | $166K | new |
| APOAPOLLO GLOBAL MGMT INC Stock | call | 1,100 | $156K | -15,800 |
| ISRGINTUITIVE SURGICAL INC COM | call | 200 | $109K | +100 |
| ASMLASML HLDG NV STOK | put | 100 | $80.1K | new |
| KKRKKR & CO INC COM | call | 300 | $39.9K | new |
| MRKMERCK & CO INC COM | put | 100 | $7.92K | 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 |
|---|---|---|---|---|
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 19,100,000 | $17.9M | 0 |
| NIO INCNIO INC NOTE 3.875%10/1 | principal | 17,500,000 | $12.6M | 0 |
| NIO INCNIO INC NOTE 4.625%10/1 | principal | 15,500,000 | $9.93M | 0 |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 134. All 134
| Security | Shares before | Value before | Type |
|---|---|---|---|
| DISCOVER FINL SVCSDISCOVER FINL SVCS | 961,697 | $164M | shares |
| SHELSHELL PLC | 1,000,000 | $73.3M | call |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 1,250,304 | $52.8M | shares |
| MRVLMARVELL TECHNOLOGY INC | 830,000 | $51.1M | put |
| ALLALLSTATE CORP | 242,500 | $50.2M | call |
| BABOEING CO | 221,776 | $37.8M | shares |
| PMPHILIP MORRIS INTL INC | 235,000 | $37.3M | call |
| BPBP PLC | 1,029,900 | $34.8M | shares |
| MRVLMARVELL TECHNOLOGY INC | 540,304 | $33.3M | shares |
| NEENEXTERA ENERGY INC | 441,771 | $31.3M | shares |
| BABAALIBABA GROUP HLDG LTD | 187,900 | $24.8M | call |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 137,900 | $22.9M | put |
| ADBEADOBE INC | 58,800 | $22.6M | put |
| MDTMEDTRONIC PLC | 250,000 | $22.5M | call |
| UNHUNITEDHEALTH GROUP INC | 40,400 | $21.2M | put |
| COPCONOCOPHILLIPS | 200,000 | $21M | call |
| JPMJPMORGAN CHASE & CO | 84,666 | $20.8M | shares |
| TFCTRUIST FINL CORP | 500,000 | $20.6M | call |
| AMDADVANCED MICRO DEVICES INC | 176,784 | $18.2M | shares |
| SLBSLB LIMITED | 420,000 | $17.6M | put |
| SLBSLB LIMITED | 420,000 | $17.6M | call |
| GOOGLALPHABET INC | 112,557 | $17.4M | shares |
| MCDMCDONALDS CORP | 50,000 | $15.6M | put |
| NOWSERVICENOW INC | 15,300 | $12.2M | put |
| CNCCENTENE CORP DEL | 200,000 | $12.1M | put |
| DELLDELL TECHNOLOGIES INC | 129,801 | $11.8M | shares |
| BLCOBAUSCH PLUS LOMB CORP | 743,941 | $10.8M | shares |
| MDBMONGODB INC | 61,500 | $10.8M | put |
| COFCAPITAL ONE FINL CORP | 57,700 | $10.3M | call |
| LULULULULEMON ATHLETICA INC | 32,900 | $9.31M | put |
| GSGOLDMAN SACHS GROUP INC | 16,242 | $8.87M | shares |
| AVGOBROADCOM INC | 50,400 | $8.44M | put |
| RXRXRECURSION PHARMACEUTICALS IN | 1,547,407 | $8.19M | shares |
| LULULULULEMON ATHLETICA INC | 27,982 | $7.92M | shares |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 46,700 | $7.75M | call |
| BLKBLACKROCK INC | 7,663 | $7.25M | shares |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 42,142 | $7M | shares |
| NOWSERVICENOW INC | 8,141 | $6.48M | shares |
| XOMEXXON MOBIL CORP | 53,990 | $6.42M | shares |
| BHCBAUSCH HEALTH COS INC | 903,901 | $5.85M | shares |
| WMTWALMART INC | 63,100 | $5.54M | put |
| LRCXLAM RESEARCH CORP | 74,600 | $5.42M | put |
| GEGE AEROSPACE | 25,500 | $5.1M | put |
| CMPSCOMPASS PATHWAYS PLC | 1,764,906 | $5.05M | shares |
| PFEPFIZER INC | 196,886 | $4.99M | shares |
| USBUS BANCORP | 116,849 | $4.93M | shares |
| CCLCARNIVAL CORP | 250,500 | $4.89M | put |
| AMATAPPLIED MATLS INC | 33,700 | $4.89M | call |
| BXBLACKSTONE INC | 34,043 | $4.76M | shares |
| BABAALIBABA GROUP HLDG LTD | 32,600 | $4.31M | put |
| CPAYCORPAY INC | 11,706 | $4.08M | shares |
| MSMORGAN STANLEY | 33,893 | $3.95M | shares |
| ADPAUTOMATIC DATA PROCESSING IN | 12,500 | $3.82M | shares |
| FLUTFLUTTER ENTMT PLC | 17,108 | $3.79M | shares |
| TLNTALEN ENERGY CORP | 18,810 | $3.76M | shares |
| ANETARISTA NETWORKS INC | 45,500 | $3.53M | call |
| METAMETA PLATFORMS INC | 5,680 | $3.27M | shares |
| URIUNITED RENTALS INC | 5,000 | $3.13M | call |
| GPNGLOBAL PMTS INC | 31,800 | $3.11M | shares |
| BSXBOSTON SCIENTIFIC CORP | 28,800 | $2.91M | put |
| SHOPSHOPIFY INC | 27,500 | $2.63M | shares |
| XYZBLOCK INC | 45,700 | $2.48M | call |
| LRCXLAM RESEARCH CORP | 33,419 | $2.43M | shares |
| BACBANK OF AMER CORP | 57,188 | $2.39M | shares |
| CCLCARNIVAL CORP | 118,079 | $2.31M | shares |
| 89BIO INC89BIO INC | 292,467 | $2.13M | shares |
| CCITIGROUP INC | 26,921 | $1.91M | shares |
| ONONON HLDG AG | 40,000 | $1.76M | shares |
| BPBP PLC | 50,000 | $1.69M | call |
| GEGE AEROSPACE | 7,556 | $1.51M | shares |
| DALDELTA AIR LINES INC | 33,600 | $1.46M | put |
| GOOGALPHABET INC | 9,096 | $1.42M | shares |
| DALDELTA AIR LINES INC | 32,300 | $1.41M | call |
| TPRTAPESTRY INC | 18,278 | $1.29M | shares |
| HBANHUNTINGTON BANCSHARES INC | 81,234 | $1.22M | shares |
| EYPTEYEPOINT INC | 210,006 | $1.14M | shares |
| SLMSLM CORP | 36,714 | $1.08M | shares |
| BSXBOSTON SCIENTIFIC CORP | 10,528 | $1.06M | shares |
| MGYMAGNOLIA OIL & GAS CORP | 41,787 | $1.06M | shares |
| MTGMGIC INVT CORP WIS | 37,125 | $920K | shares |
| WMTWALMART INC | 10,300 | $904K | shares |
| LXEOLEXEO THERAPEUTICS INC | 260,228 | $903K | shares |
| JXNJACKSON FINANCIAL INC | 10,055 | $842K | shares |
| CTMXCYTOMX THERAPEUTICS INC. | 1,293,686 | $823K | shares |
| GRMNGARMIN LTD | 3,682 | $799K | shares |
| ZIONZIONS BANCORPORATION NATL AS | 15,242 | $760K | shares |
| SNVSYNOVUS FINANCIAL CORP | 15,970 | $746K | shares |
| BAMBROOKFIELD ASSET MANAGMT LTD | 15,000 | $727K | shares |
| KEYKEYCORP | 42,062 | $673K | shares |
| EAELECTRONIC ARTS INC | 4,312 | $623K | shares |
| CHTRCHARTER COMMUNICATIONS INC | 1,571 | $579K | shares |
| CHRWC H ROBINSON WORLDWIDE IN | 5,370 | $550K | shares |
| STLDSTEEL DYNAMICS INC | 4,370 | $547K | shares |
| RFREGIONS FINANCIAL CORP NEW | 24,850 | $540K | shares |
| CFGCITIZENS FINL GROUP INC | 13,052 | $535K | shares |
| EIXEDISON INTL | 8,326 | $491K | shares |
| OTISOTIS WORLDWIDE CORP | 4,718 | $487K | shares |
| FITBFIFTH THIRD BANCORP | 12,416 | $487K | shares |
| EQHEQUITABLE HLDGS INC | 9,325 | $486K | shares |
| IOTSAMSARA INC | 10,285 | $394K | shares |
How Q2 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 0001085146-25-005243 | base | 2025-08-14 | acceptance time not in the bulk data set |