Laurion Capital Management LP
Follow13F filer, CIK 1390202, NEW YORK, NY
Laurion Capital Management LP reported $2,685,505,833 across 306 holdings for the quarter ended 2025-12-31, in a 13F-HR/A filed 2026-02-17. Its ten largest share positions make up 60.56% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001390202-26-000006
- Period
- 2025-12-31
- Reported value
- $2.69B
- Holdings
- 306
- Top 10 weight
- 60.56%
- New
- 193
- Sold out
- 119
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| GOOGLnew | +456,343 | $143M |
| GOOGadded | +310,572 | $97.5M |
| AAPLnew | +345,433 | $93.9M |
| WBDadded | +2,291,128 | $66M |
| EAadded | +267,172 | $54.6M |
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 |
|---|---|---|
| BBIOreduced | -351,394 | -$26.9M |
| TXNreduced | -111,098 | -$19.3M |
| MAexited | -29,497 | -$16.8M |
| NUVBreduced | -1,852,894 | -$16.6M |
| BLKexited | -13,315 | -$15.5M |
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 227 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 | 1,500,000 | $369M | +500,000 |
| DELLDELL TECHNOLOGIES INC Stock | put | 650,000 | $81.8M | new |
| DELLDELL TECHNOLOGIES INC Stock | call | 650,000 | $81.8M | +579,200 |
| TXNTEXAS INSTRS INC COM | put | 246,400 | $42.7M | -245,700 |
| MCDMCDONALDS CORP COM | call | 130,300 | $39.8M | new |
| BMYBRISTOL-MYERS SQUIBB CO COM | call | 700,000 | $37.8M | new |
| XOMEXXON MOBIL CORP COM | put | 268,000 | $32.3M | new |
| XOMEXXON MOBIL CORP COM | call | 268,000 | $32.3M | new |
| AAPLAPPLE INC COM | put | 83,900 | $22.8M | -579,100 |
| GOOGLALPHABET INC COM | put | 71,800 | $22.5M | -331,300 |
| CVNACARVANA CO Stock | put | 47,900 | $20.2M | -13,300 |
| GSGOLDMAN SACHS GROUP INC COM | put | 22,200 | $19.5M | -134,600 |
| CATCATERPILLAR INC COM | put | 33,100 | $19M | new |
| GOOGLALPHABET INC COM | call | 60,500 | $18.9M | -449,600 |
| BACBANK OF AMER CORP COM | put | 324,000 | $17.8M | -127,200 |
| CCITIGROUP INC COM | put | 143,200 | $16.7M | -188,600 |
| AAPLAPPLE INC COM | call | 55,900 | $15.2M | -264,300 |
| CATCATERPILLAR INC COM | call | 26,200 | $15M | new |
| SHOPSHOPIFY INC CL A SUB VTG SHS | put | 90,400 | $14.6M | -74,500 |
| MDBMONGODB INC Stock | put | 32,100 | $13.5M | new |
| SNPSSYNOPSYS INC Stock | put | 28,300 | $13.3M | new |
| AMDADVANCED MICRO DEVICES INC COM | call | 61,700 | $13.2M | new |
| FOXAFOX CORP Stock | call | 178,900 | $13.1M | new |
| TSLATESLA INC COM | call | 27,900 | $12.5M | +100 |
| GSGOLDMAN SACHS GROUP INC COM | call | 13,700 | $12M | -86,500 |
| COINCOINBASE GLOBAL INC Stock | put | 53,100 | $12M | -43,000 |
| APPAPPLOVIN CORP Stock | call | 17,500 | $11.8M | -46,300 |
| ADIANALOG DEVICES INC COM | put | 41,500 | $11.3M | -17,800 |
| APPAPPLOVIN CORP Stock | put | 16,300 | $11M | -51,200 |
| CMGCHIPOTLE MEXICAN GRILL INC STOK | put | 287,900 | $10.7M | new |
| MUMICRON TECHNOLOGY INC COM | call | 36,300 | $10.4M | new |
| GOOGALPHABET INC COM | put | 32,300 | $10.1M | -454,100 |
| MSMORGAN STANLEY COM | put | 55,700 | $9.89M | -231,500 |
| BABOEING CO COM | call | 42,500 | $9.23M | -119,300 |
| AMDADVANCED MICRO DEVICES INC COM | put | 40,700 | $8.72M | new |
| KKRKKR & CO INC COM | put | 67,100 | $8.55M | +31,600 |
| GOOGALPHABET INC COM | call | 25,500 | $8M | -315,000 |
| PLTRPALANTIR TECHNOLOGIES INC COM | put | 44,600 | $7.93M | -71,200 |
| AXPAMERICAN EXPRESS CO COM | put | 17,600 | $6.51M | new |
| AFRMAFFIRM HLDGS INC Stock | put | 81,400 | $6.06M | new |
| BACBANK OF AMER CORP COM | call | 107,000 | $5.88M | -967,700 |
| DDOMINION ENERGY INC Stock | call | 100,000 | $5.86M | 0 |
| BXBLACKSTONE INC COM | put | 37,400 | $5.76M | -700 |
| CMGCHIPOTLE MEXICAN GRILL INC STOK | call | 152,700 | $5.65M | +60,900 |
| FSLRFIRST SOLAR INC Stock | put | 20,600 | $5.38M | -47,000 |
| AMATAPPLIED MATLS INC COM | put | 19,400 | $4.99M | new |
| FOXAFOX CORP Stock | put | 60,600 | $4.43M | new |
| NOWSERVICENOW INC COM | put | 26,600 | $4.07M | new |
| DHRDANAHER CORP DEL COM | put | 17,800 | $4.07M | new |
| AMATAPPLIED MATLS INC COM | call | 15,700 | $4.03M | -42,400 |
| HPEHEWLETT PACKARD ENTERPRISE C Stock | put | 160,000 | $3.84M | new |
| HPEHEWLETT PACKARD ENTERPRISE C Stock | call | 160,000 | $3.84M | new |
| MSMORGAN STANLEY COM | call | 19,300 | $3.43M | -94,600 |
| SNPSSYNOPSYS INC Stock | call | 6,500 | $3.05M | -29,800 |
| RCLROYAL CARIBBEAN GROUP Stock | call | 10,400 | $2.9M | +10,300 |
| ADIANALOG DEVICES INC COM | call | 10,300 | $2.79M | -13,000 |
| AXPAMERICAN EXPRESS CO COM | call | 5,700 | $2.11M | new |
| CRWDCROWDSTRIKE HLDGS INC COM | call | 3,700 | $1.73M | -25,400 |
| NVDANVIDIA CORPORATION COM | call | 7,100 | $1.32M | -251,800 |
| OXYOCCIDENTAL PETE CORP COM | call | 31,300 | $1.29M | -185,700 |
| CSCOCISCO SYS INC COM | put | 10,000 | $770K | -49,400 |
| CVNACARVANA CO Stock | call | 1,600 | $675K | -89,600 |
| COINCOINBASE GLOBAL INC Stock | call | 2,200 | $498K | -61,900 |
| PANWPALO ALTO NETWORKS INC COM | put | 2,200 | $405K | -28,100 |
| LULULULULEMON ATHLETICA INC COM | put | 1,600 | $332K | new |
| FSLRFIRST SOLAR INC Stock | call | 800 | $209K | -129,900 |
| TSLATESLA INC COM | put | 200 | $89.9K | -100 |
| TXNTEXAS INSTRS INC COM | call | 500 | $86.7K | -336,800 |
| NVDANVIDIA CORPORATION COM | put | 300 | $56K | -548,100 |
| CRWDCROWDSTRIKE HLDGS INC COM | put | 100 | $46.9K | new |
| MDBMONGODB INC Stock | call | 100 | $42K | -48,200 |
| AVGOBROADCOM INC COM | put | 100 | $34.6K | new |
| AVGOBROADCOM INC COM | call | 100 | $34.6K | new |
| BABOEING CO COM | put | 100 | $21.7K | -173,200 |
| PLTRPALANTIR TECHNOLOGIES INC COM | call | 100 | $17.8K | -297,600 |
| BXBLACKSTONE INC COM | call | 100 | $15.4K | -153,100 |
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 | $21.5M | 0 |
| NIO INCNIO INC NOTE 3.875%10/1 | principal | 17,500,000 | $17M | 0 |
| NIO INCNIO INC NOTE 4.625%10/1 | principal | 15,500,000 | $14M | 0 |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| HYGISHARES TR | 9,250,000 | $751M | call |
| IWMISHARES TR | 1,100,000 | $266M | call |
| ABBVABBVIE INC | 1,055,000 | $244M | put |
| BLKBLACKROCK INC | 178,600 | $208M | put |
| IBMINTERNATIONAL BUSINESS MACHS | 534,000 | $151M | call |
| MSTRSTRATEGY INC | 455,500 | $147M | call |
| HONHONEYWELL INTL INC | 500,000 | $105M | call |
| JPMJPMORGAN CHASE & CO | 319,300 | $101M | call |
| METAMETA PLATFORMS INC | 116,600 | $85.6M | call |
| METAMETA PLATFORMS INC | 107,100 | $78.7M | put |
| MRVLMARVELL TECHNOLOGY INC | 870,400 | $73.2M | put |
| JPMJPMORGAN CHASE & CO | 229,200 | $72.3M | put |
| AMZNAMAZON COM INC | 199,600 | $43.8M | put |
| MRVLMARVELL TECHNOLOGY INC | 395,300 | $33.2M | call |
| SPOTSPOTIFY TECHNOLOGY S A | 43,600 | $30.4M | put |
| MAMASTERCARD INCORPORATED | 48,500 | $27.6M | call |
| WFCWELLS FARGO & CO | 246,500 | $20.7M | put |
| SHOPSHOPIFY INC | 134,900 | $20M | call |
| BKNGBOOKING HOLDINGS INC | 3,700 | $20M | put |
| QCOMQUALCOMM INC | 107,700 | $17.9M | call |
| MAMASTERCARD INCORPORATED | 30,300 | $17.2M | put |
| KKRKKR & CO INC | 131,700 | $17.1M | call |
| MAMASTERCARD INCORPORATED | 29,497 | $16.8M | shares |
| CCITIGROUP INC | 164,800 | $16.7M | call |
| RDDTREDDIT INC | 70,900 | $16.3M | call |
| LULULULULEMON ATHLETICA INC | 91,600 | $16.3M | call |
| SMCISUPER MICRO COMPUTER INC | 337,900 | $16.2M | call |
| FICOFAIR ISAAC CORP | 10,800 | $16.2M | call |
| BLKBLACKROCK INC | 13,315 | $15.5M | shares |
| MSTRSTRATEGY INC | 45,700 | $14.7M | put |
| RCLROYAL CARIBBEAN GROUP | 43,900 | $14.2M | put |
| BLKBLACKROCK INC | 12,100 | $14.1M | call |
| SNOWSNOWFLAKE INC | 59,000 | $13.3M | call |
| AMZNAMAZON COM INC | 59,300 | $13M | call |
| WFCWELLS FARGO & CO | 152,674 | $12.8M | shares |
| GEVGE VERNOVA INC | 20,100 | $12.4M | put |
| CEGCONSTELLATION ENERGY CORP | 37,500 | $12.3M | call |
| STXSEAGATE TECHNOLOGY HLDNGS PL | 50,100 | $11.8M | call |
| CVSCVS HEALTH CORP | 150,000 | $11.3M | call |
| DISDISNEY WALT CO | 96,000 | $11M | call |
| DEDEERE & CO | 21,600 | $9.88M | put |
| FICOFAIR ISAAC CORP | 6,469 | $9.68M | shares |
| DEDEERE & CO | 21,100 | $9.65M | call |
| SPGIS&P GLOBAL INC | 19,100 | $9.3M | put |
| BKNGBOOKING HOLDINGS INC | 1,718 | $9.28M | shares |
| AMZNAMAZON COM INC | 41,892 | $9.2M | shares |
| RDDTREDDIT INC | 39,900 | $9.18M | put |
| IBMINTERNATIONAL BUSINESS MACHS | 32,402 | $9.14M | shares |
| CHTRCHARTER COMMUNICATIONS INC | 32,800 | $9.02M | call |
| SPOTSPOTIFY TECHNOLOGY S A | 12,800 | $8.93M | call |
| SESEA LTD | 46,300 | $8.28M | put |
| CVXCHEVRON CORPORATION | 50,000 | $7.76M | put |
| VVISA INC | 21,600 | $7.37M | call |
| FCXFREEPORT MCMORAN INC | 183,700 | $7.2M | call |
| RCLROYAL CARIBBEAN GROUP | 19,921 | $6.45M | shares |
| FICOFAIR ISAAC CORP | 4,100 | $6.14M | put |
| QCOMQUALCOMM INC | 36,400 | $6.06M | put |
| DALDELTA AIR LINES INC | 106,200 | $6.03M | put |
| NVONOVO-NORDISK A S | 102,400 | $5.68M | call |
| COFCAPITAL ONE FINL CORP | 23,118 | $4.91M | shares |
| MSFTMICROSOFT CORP | 9,400 | $4.87M | put |
| SPGIS&P GLOBAL INC | 10,000 | $4.87M | call |
| CRHCRH PLC | 38,598 | $4.63M | shares |
| CSCOCISCO SYS INC | 66,200 | $4.53M | call |
| GEVGE VERNOVA INC | 7,100 | $4.37M | call |
| ASMLASML HLDG NV | 4,500 | $4.36M | call |
| METAMETA PLATFORMS INC | 4,865 | $3.57M | shares |
| EVREVERCORE INC | 10,074 | $3.4M | shares |
| MCHPMICROCHIP TECHNOLOGY INC. | 49,500 | $3.18M | call |
| NFLXNETFLIX INC. | 2,643 | $3.17M | shares |
| OXYOCCIDENTAL PETE CORP | 63,907 | $3.02M | shares |
| DALDELTA AIR LINES INC | 52,997 | $3.01M | shares |
| GSGOLDMAN SACHS GROUP INC | 3,760 | $2.99M | shares |
| SMCISUPER MICRO COMPUTER INC | 53,500 | $2.56M | put |
| SPGIS&P GLOBAL INC | 5,108 | $2.49M | shares |
| APOAPOLLO GLOBAL MGMT INC | 18,500 | $2.47M | put |
| CEGCONSTELLATION ENERGY CORP | 7,400 | $2.44M | shares |
| BKNGBOOKING HOLDINGS INC | 400 | $2.16M | call |
| WFCWELLS FARGO & CO | 25,500 | $2.14M | call |
| ASMLASML HLDG NV | 2,008 | $1.94M | shares |
| MRKMERCK & CO INC | 21,700 | $1.82M | call |
| CCLCARNIVAL CORP | 62,900 | $1.82M | put |
| ABNBAIRBNB INC | 13,700 | $1.66M | call |
| FCXFREEPORT MCMORAN INC | 42,200 | $1.66M | shares |
| NVONOVO-NORDISK A S | 29,200 | $1.62M | shares |
| BACBANK OF AMER CORP | 30,083 | $1.55M | shares |
| CMGCHIPOTLE MEXICAN GRILL INC | 34,606 | $1.36M | shares |
| ORLYOREILLY AUTOMOTIVE INC | 12,110 | $1.31M | shares |
| ARESARES MANAGEMENT CORPORATION | 7,375 | $1.18M | shares |
| GILDGILEAD SCIENCES INC | 8,900 | $988K | shares |
| DISDISNEY WALT CO | 8,300 | $950K | put |
| APOAPOLLO GLOBAL MGMT INC | 5,901 | $786K | shares |
| PANWPALO ALTO NETWORKS INC | 3,100 | $631K | call |
| TFCTRUIST FINL CORP | 12,093 | $553K | shares |
| NEMNEWMONT CORP | 4,874 | $411K | shares |
| JPMJPMORGAN CHASE & CO | 1,276 | $402K | shares |
| CCLCARNIVAL CORP | 12,400 | $358K | shares |
| NUNU HLDGS LTD | 19,900 | $319K | call |
| HCAHCA HEALTHCARE INC | 700 | $298K | shares |
| DNOWDNOW INC | 19,505 | $297K | shares |
| NAMSWNEWAMSTERDAM PHARMA COMPANY | 16,666 | $285K | shares |
| PNCPNC FINL SVCS GROUP INC | 1,201 | $241K | shares |
| GWWWW GRAINGER INC | 252 | $240K | shares |
| TDGTRANSDIGM GROUP INC | 173 | $228K | shares |
| PACGRUPO AEROPORTUNARIO DEL PAC | 940 | $223K | shares |
| CTASCINTAS CORP | 1,027 | $211K | shares |
| IRINGERSOLL RAND INC | 2,512 | $208K | shares |
| RGTIWRIGETTI COMPUTING INC | 10,000 | $183K | shares |
| APOAPOLLO GLOBAL MGMT INC | 900 | $120K | call |
| NVTSNAVITAS SEMICONDUCTOR CORP | 16,121 | $116K | shares |
| STXSEAGATE TECHNOLOGY HLDNGS PL | 300 | $70.8K | put |
| UGPULTRAPAR PARTICIPACOES SA | 15,719 | $64.4K | shares |
| XRXXEROX HOLDINGS CORP | 12,357 | $46.5K | shares |
| SESEA LTD | 200 | $35.7K | call |
| STXSEAGATE TECHNOLOGY HLDNGS PL | 90 | $21.2K | shares |
| DALDELTA AIR LINES INC | 200 | $11.3K | call |
| MRKMERCK & CO INC | 100 | $8.39K | put |
| CCLCARNIVAL CORP | 100 | $2.89K | call |
| NUNU HLDGS LTD | 100 | $1.6K | put |
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 0001390202-26-000004 | superseded | 2026-02-13 | acceptance time not in the bulk data set | ||
| 13F-HR/A 0001390202-26-000006 | base | restatement | 2026-02-17 | acceptance time not in the bulk data set |