Skip to content
Disclosery

Parallax Volatility Advisers, L.P.

Follow

13F filer, CIK 1521001, San Francisco, CA

Parallax Volatility Advisers, L.P. reported $50,701,424,897 across 1,605 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 35.13% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-001067

Period
2025-12-31
Reported value
$50.7B
Holdings
1,605
Top 10 weight
35.13%
New
373
Sold out
341

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AXPnew+733,883$272M
IWMnew+625,766$154M
SPYnew+134,473$91.7M
BABAadded+291,985$42.8M
MSadded+211,536$37.6M

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

SecurityShares changeApprox. value
METAexited-285,409-$210M
NVDAexited-721,202-$135M
GLDreduced-210,700-$83.5M
QQQexited-106,284-$63.8M
AMZNreduced-200,466-$46.3M

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, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-001067, largest first. % of portfolio is the value over $3,211,887,829, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CHPGRCHAMPIONSGATE ACQUISITION COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 83,173 shares 83,173$13.9K<0.01%newTimeline
SABRSABRE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,589 shares; 2024Q4: 200,577 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 10,084 shares 10,084$13.7K<0.01%newTimeline
NPACWNEW PROVIDENCE ACQUISITION CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares; 2025Q4: 21,950 shares 21,950$11.1K<0.01%+11,950Timeline
BEAGRBOLD EAGLE ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 154,074 shares; 2025Q3: 143,041 shares; 2025Q4: 34,600 shares 34,600$11.1K<0.01%-108,441Timeline
PMTRWPERIMETER ACQUISITION CORP IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,000 shares; 2025Q3: 15,000 shares; 2025Q4: 15,000 shares 15,000$10.6K<0.01%0Timeline
ECLECOLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,593 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 40 shares 40$10.5K<0.01%newTimeline
ONCHW1RT ACQUISITION CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 17,692 shares 17,692$10.3K<0.01%newTimeline
GIWWRGIGCAPITAL8 CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 31,697 shares 31,697$9.83K<0.01%newTimeline
AXINRAXIOM INTELLIGENCE AC CORP 1Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 162,744 shares; 2025Q4: 40,600 shares 40,600$8.53K<0.01%-122,144Timeline
BYNDBEYOND MEAT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 632 shares; 2024Q4: 34 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 9,589 shares 9,589$7.86K<0.01%newTimeline
BDCIWBTC DEV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 13,394 shares 13,394$7.7K<0.01%newTimeline
ALCWFALCHEMY INVTS ACQUISITN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 103,774 shares; 2024Q4: 50,774 shares; 2025Q1: 50,774 shares; 2025Q2: 75,000 shares; 2025Q3: 35,000 shares; 2025Q4: 35,000 shares 35,000$7.35K<0.01%0Timeline
CTVACORTEVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 107 shares 107$7.17K<0.01%newTimeline
GPATWGP-ACT III ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 25,159 shares 25,159$6.78K<0.01%newTimeline
BLUWWBLUE WTR ACQUISITION CORP. IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 10,000 shares 10,000$5.3K<0.01%newTimeline
MMM3M COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,273 shares; 2024Q4: 36,889 shares; 2025Q1: 14,513 shares; 2025Q2: not reported; 2025Q3: 559 shares; 2025Q4: 31 shares 31$4.96K<0.01%-528Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,401 shares; 2025Q2: 3,121 shares; 2025Q3: 200,482 shares; 2025Q4: 16 shares 16$3.69K<0.01%-200,466Timeline
LIVEWIRE GROUP INCLIVEWIRE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 72,443 shares; 2025Q3: 72,443 shares; 2025Q4: 41,241 shares 41,241$2.58K<0.01%-31,202
FLDDWFOLD HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,151 shares; 2024Q4: not reported; 2025Q1: 42,051 shares; 2025Q2: 36,517 shares; 2025Q3: 36,326 shares; 2025Q4: 15,835 shares 15,835$2.41K<0.01%-20,491Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 122,434 shares; 2024Q4: 41,626 shares; 2025Q1: not reported; 2025Q2: 133,955 shares; 2025Q3: not reported; 2025Q4: 51 shares 51$2.08K<0.01%newTimeline
SRPTSAREPTA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,416 shares; 2025Q2: not reported; 2025Q3: 85 shares; 2025Q4: 85 shares 85$1.83K<0.01%0Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,772 shares; 2024Q4: 25,169 shares; 2025Q1: 10,663 shares; 2025Q2: 3,140 shares; 2025Q3: 2,091 shares; 2025Q4: 2 shares 2$1.73K<0.01%-2,089Timeline
MRNOWMURANO GLOBAL INVT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,000 shares; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 70,000 shares; 2025Q4: 52,510 shares 52,510$1.38K<0.01%-17,490Timeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3 shares; 2025Q2: 7,395 shares; 2025Q3: 2 shares; 2025Q4: 2 shares 2$1.35K<0.01%0Timeline
AMGNAMGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 36,022 shares; 2025Q1: 3 shares; 2025Q2: 3,093 shares; 2025Q3: 7,514 shares; 2025Q4: 2 shares 2$655<0.01%-7,512Timeline
HONHONEYWELL INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1 shares; 2025Q1: 13,098 shares; 2025Q2: not reported; 2025Q3: 12,588 shares; 2025Q4: 2 shares 2$390<0.01%-12,586Timeline
CSXCSX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 7 shares; 2025Q1: 13 shares; 2025Q2: 468,507 shares; 2025Q3: 8 shares; 2025Q4: 8 shares 8$290<0.01%0Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,072 shares; 2024Q4: 34,480 shares; 2025Q1: 1,460 shares; 2025Q2: not reported; 2025Q3: 10 shares; 2025Q4: 10 shares 10$288<0.01%0Timeline
ABNBAIRBNB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 158,714 shares; 2024Q4: 209,058 shares; 2025Q1: 290,027 shares; 2025Q2: 11,733 shares; 2025Q3: 106,526 shares; 2025Q4: 2 shares 2$271<0.01%-106,524Timeline
XLYSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1 shares; 2024Q4: 1 shares; 2025Q1: 1 shares; 2025Q2: 1 shares; 2025Q3: 1 shares; 2025Q4: 2 shares 2$239<0.01%+1Timeline
PYPLPAYPAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 612,360 shares; 2024Q4: 325,926 shares; 2025Q1: 616,181 shares; 2025Q2: 135,974 shares; 2025Q3: 182,763 shares; 2025Q4: 4 shares 4$234<0.01%-182,759Timeline
CSGPCOSTAR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2 shares; 2025Q4: 2 shares 2$134<0.01%0Timeline
EMREMERSON ELEC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,665 shares; 2024Q4: 26,053 shares; 2025Q1: 8,463 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1 shares 1$133<0.01%newTimeline
XBISPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,224 shares; 2024Q4: 316,006 shares; 2025Q1: 15,340 shares; 2025Q2: 1,862 shares; 2025Q3: 194,820 shares; 2025Q4: 1 shares 1$122<0.01%-194,819Timeline
XMESPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1 shares; 2024Q4: 1 shares; 2025Q1: 1 shares; 2025Q2: 1 shares; 2025Q3: 1 shares; 2025Q4: 1 shares 1$104<0.01%0Timeline
XHBSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,422 shares; 2024Q4: 38,633 shares; 2025Q1: 1 shares; 2025Q2: 1 shares; 2025Q3: not reported; 2025Q4: 1 shares 1$103<0.01%newTimeline
IYRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1 shares; 2024Q4: 1 shares; 2025Q1: 1 shares; 2025Q2: 1 shares; 2025Q3: 1 shares; 2025Q4: 1 shares 1$94<0.01%0Timeline
KRESPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,342,321 shares; 2024Q4: 220,063 shares; 2025Q1: 151,347 shares; 2025Q2: 363,103 shares; 2025Q3: 1 shares; 2025Q4: 1 shares 1$65<0.01%0Timeline
XLFSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1 shares; 2024Q4: 1 shares; 2025Q1: 1 shares; 2025Q2: 518,548 shares; 2025Q3: 1 shares; 2025Q4: 1 shares 1$55<0.01%0Timeline
URNMSPROTT FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 12,330 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1 shares 1$55<0.01%newTimeline
URAGLOBAL X FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,661 shares; 2024Q4: not reported; 2025Q1: 80,538 shares; 2025Q2: not reported; 2025Q3: 1 shares; 2025Q4: 1 shares 1$43<0.01%0Timeline
BKLNINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1 shares; 2025Q1: not reported; 2025Q2: 1 shares; 2025Q3: 1 shares; 2025Q4: 1 shares 1$21<0.01%0Timeline
ICLNISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1 shares 1$16<0.01%newTimeline

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 1,028. All 1,028

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput13,015,600$8.88B-20,532,600
QQQINVESCO QQQ TR COMput3,768,600$2.32B-3,287,100
QQQINVESCO QQQ TR COMcall3,116,300$1.91B-406,600
SPYSTATE STR SPDR S&P 500 ETF T SHScall2,732,800$1.86B+402,800
IWMISHARES TR SHSput4,864,100$1.2B-2,986,200
TSLATESLA INC COMput2,505,900$1.13B+86,100
XLFSELECT SECTOR SPDR TR SHScall17,601,200$964M+1,887,900
NVDANVIDIA CORPORATION COMput4,181,900$780M-1,226,100
XLFSELECT SECTOR SPDR TR SHSput11,350,400$622M+3,303,000
METAMETA PLATFORMS INC COMcall929,400$613M-92,900
AAPLAPPLE INC COMput2,163,000$588M+465,000
METAMETA PLATFORMS INC COMput871,100$575M+129,800
GLDSPDR GOLD TR GOLD SHSput1,305,000$517M-105,000
NVDANVIDIA CORPORATION COMcall2,683,800$501M+301,300
AVGOBROADCOM INC COMput1,415,200$490M-241,500
GOOGLALPHABET INC COMput1,550,100$485M+139,100
GLDSPDR GOLD TR GOLD SHScall1,175,300$466M-2,740,600
TSLATESLA INC COMcall779,300$350M+239,500
SMHVANECK ETF TRUST COMput860,400$310M-226,800
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADSput998,000$303M-403,100
ORCLORACLE CORP COMput1,549,500$302M+712,700
BABOEING CO COMput1,374,600$298M-48,500
GOOGLALPHABET INC COMcall925,900$290M-92,400
IWMISHARES TR SHScall1,171,000$288M-1,608,400
VVISA INC COMcall796,800$279M+89,800
AMZNAMAZON COM INC COMcall1,149,800$265M+77,900
MSFTMICROSOFT CORP COMput543,700$263M+328,500
SMHVANECK ETF TRUST COMcall718,700$259M+252,100
SLVISHARES SILVER TR COMcall4,010,900$258M+2,385,700
CVNACARVANA CO Stockcall562,400$237M-193,300
AMZNAMAZON COM INC COMput1,023,200$236M-336,200
COINCOINBASE GLOBAL INC Stockput1,014,100$229M-7,300
EFAISHARES TR MSCI EAFE ETFput2,327,600$224M+1,706,500
MSFTMICROSOFT CORP COMcall458,700$222M+18,800
APOAPOLLO GLOBAL MGMT INC Stockcall1,463,500$212M+309,100
MSTRSTRATEGY INC Stockput1,386,900$211M+114,900
BABAALIBABA GROUP HLDG LTD SPONSORED ADSput1,341,000$197M+330,600
SLVISHARES SILVER TR COMput3,035,600$196M+2,461,000
HYGISHARES TR IBOXX HI YD ETFput2,384,800$192M-803,300
AALAMERICAN AIRLINES GROUP INC Stockput12,466,200$191M-1,362,100
AAPLAPPLE INC COMcall680,300$185M-162,600
NFLXNETFLIX INC. COMput1,939,200$182M+1,832,700
UBERUBER TECHNOLOGIES INC COMput2,201,400$180M+410,400
GOOGALPHABET INC COMput569,300$179M+39,300
AXPAMERICAN EXPRESS CO COMput473,500$175M+388,500
EEMISHARES TR MSCI EMG MKT ETFcall3,188,800$174M+1,238,300
MUMICRON TECHNOLOGY INC COMput603,200$172M+258,200
XLESELECT SECTOR SPDR TR SHSput3,776,100$169M+2,233,800
JPMJPMORGAN CHASE & CO COMput510,000$164M+140,700
UNHUNITEDHEALTH GROUP INC COMput496,300$164M+354,300
BRK-BBERKSHIRE HATHAWAY INC DEL COMcall325,200$163M+42,300
EEMISHARES TR MSCI EMG MKT ETFput2,970,000$162M-3,568,400
TTWOTAKE-TWO INTERACTIVE SOFTWAR Stockput631,100$162M+341,700
AMDADVANCED MICRO DEVICES INC COMput751,800$161M-193,800
BACBANK OF AMER CORP COMput2,817,500$155M+297,800
VSTVISTRA CORP Stockput943,200$152M+291,500
CCITIGROUP INC COMcall1,237,300$144M+562,700
BRK-BBERKSHIRE HATHAWAY INC DEL COMput274,100$138M+217,900
JPMJPMORGAN CHASE & CO COMcall425,700$137M+188,000
XLISELECT SECTOR SPDR TR INDLput861,700$134M+86,800
AXPAMERICAN EXPRESS CO COMcall360,900$134M-373,000
ABNBAIRBNB INC COMput969,400$132M-56,900
IBITISHARES BITCOIN TRUST ETF SHScall2,597,600$129M+959,000
VRTVERTIV HOLDINGS CO Stockput795,800$129M+746,500
HOODROBINHOOD MKTS INC COMcall1,135,900$128M+278,500
GOOGALPHABET INC COMcall407,000$128M+49,100
KRESPDR SERIES TRUST ST STR SP REGBNKput1,924,900$125M-741,200
ORCLORACLE CORP COMcall638,100$124M+513,900
UALUNITED AIRLS HLDGS INC Stockput1,076,800$120M-804,800
CCITIGROUP INC COMput1,012,900$118M-52,300
BACBANK OF AMER CORP COMcall2,123,400$117M+1,270,200
CRWVCOREWEAVE INC COMput1,628,600$117M+1,209,600
SPOTSPOTIFY TECHNOLOGY S A STOKput199,400$116M-1,000
IBITISHARES BITCOIN TRUST ETF SHSput2,230,100$111M+1,960,100
CRWVCOREWEAVE INC COMcall1,540,700$110M+1,309,400
XOMEXXON MOBIL CORP COMcall893,900$108M+282,800
EFAISHARES TR MSCI EAFE ETFcall1,087,900$104M+776,500
SNOWSNOWFLAKE INC Stockcall471,400$103M+224,500
BKNGBOOKING HOLDINGS INC COMput18,900$101M0
IBMINTERNATIONAL BUSINESS MACHS COMput336,100$99.6M+316,100
XLESELECT SECTOR SPDR TR SHScall2,144,000$95.9M+631,500
RCLROYAL CARIBBEAN GROUP Stockcall342,000$95.4M-400
TLTISHARES TR 20 YR TR BD ETFcall1,077,500$93.9M+1,040,000
EATBRINKER INTL INC Stockput633,800$91M+76,800
AFRMAFFIRM HLDGS INC Stockput1,198,600$89.2M+236,300
CCLCARNIVAL CORP Stockput2,908,500$88.8M-1,067,400
QCOMQUALCOMM INC COMput518,900$88.8M-156,300
INTCINTEL CORP COMcall2,403,100$88.7M+952,100
PLTRPALANTIR TECHNOLOGIES INC COMput491,300$87.3M-163,800
BABOEING CO COMcall398,300$86.5M-115,500
GSGOLDMAN SACHS GROUP INC COMput96,000$84.4M+16,700
BABAALIBABA GROUP HLDG LTD SPONSORED ADScall568,500$83.3M-174,800
DALDELTA AIR LINES INC Stockput1,197,000$83.1M-491,300
WFCWELLS FARGO & CO COMput889,600$82.9M+259,900
ARMARM HOLDINGS PLC SPONSORED ADScall756,900$82.7M+42,200
MSTRSTRATEGY INC Stockcall543,300$82.6M+318,900
AVGOBROADCOM INC COMcall238,100$82.4M-232,100
KWEBKRANESHARES TRUST CSI CHI INTERNETcall2,406,200$81.9M+1,075,000
MSMORGAN STANLEY COMput457,300$81.2M-85,200
QCOMQUALCOMM INC COMcall466,000$79.7M-100,000

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0principal40,000,000$39.9M0
CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1principal16,908,000$25.6M+969,000
SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1principal20,000,000$22.7M0
BLACKSTONE MORTGAGE TRUST INBLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1principal20,950,000$20.6M0
AIRBNB INCAIRBNB INC CLASS Aprincipal20,000,000$19.8M-5,000,000
WEC ENERGY GROUP INCWEC ENERGY GROUP INC Convertibleprincipal16,457,000$19.2M+2,842,000
PENNYMAC CORPPENNYMAC CORP NOTE 5.500% 3/1principal18,000,000$17.9M+1,222,000
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 5/0principal10,000,000$11.9M0
SEMTECH CORPSEMTECH CORP NOTE 1.625%11/0principal5,500,000$11.2M0
PEABODY ENGR CORPPEABODY ENGR CORP NOTE 3.250% 3/0principal6,500,000$10.9M0
GUARDANT HEALTH INCGUARDANT HEALTH INC NOTE 11/1principal10,000,000$10.8M0
STRATEGY INCSTRATEGY INC NOTE12/0principal13,000,000$10.6Mnew
AFFIRM HLDGS INCAFFIRM HLDGS INC NOTE 11/1principal10,500,000$10.1M0
TripAdvisor IncTripAdvisor Inc CONVprincipal10,000,000$9.8M0
SEA LTDSEA LTD NOTE 0.250% 9/1principal10,000,000$9.7M+2,000,000
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0principal10,000,000$8.89M0
PPL CAP FDG INCPPL CAP FDG INC NOTE 2.875% 3/1principal7,500,000$8.23Mnew
SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0principal5,000,000$7.72M-4,000,000
FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0principal7,500,000$7.66Mnew
LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1principal5,250,000$7.63M0
EVERGY INCEVERGY INC NOTE 4.500%12/1principal5,000,000$6.08M0
PAR TECHNOLOGY CORPPAR TECHNOLOGY CORP NOTE 1.500%10/1principal6,250,000$6.08M0
PURECYCLE TECHNOLOGIES INCPURECYCLE TECHNOLOGIES INC NOTE 7.250% 8/1principal6,000,000$6M0
WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1principal5,000,000$4.69M0
REDFIN CORPREDFIN CORP NOTE 0.500% 4/0principal5,000,000$4.68M0
MARA HOLDINGS INCMARA HOLDINGS INC NOTE 6/0principal5,000,000$4.16Mnew
CRACKER BARREL OLD CTRY STORCRACKER BARREL OLD CTRY STOR cvprincipal4,000,000$3.88M-2,000,000
ETSY INCETSY INC NOTE 0.250% 6/1principal4,000,000$3.57M-3,420,000
UNITI GROUP LLCUNITI GROUP LLC COMprincipal3,000,000$3.31Mnew
VAIL RESORTS INCVAIL RESORTS INC NOTE 1/0principal3,000,000$2.99M0
GREEN PLAINS INCGREEN PLAINS INC NOTE 2.250% 3/1principal3,000,000$2.87M0
DROPBOX INCDROPBOX INC NOTE 3/0principal2,500,000$2.52M-2,500,000
MARA HOLDINGS INCMARA HOLDINGS INC NOTE 1.000%12/0principal2,500,000$2.28M0
UPWORK INCUPWORK INC NOTE 0.250% 8/1principal2,000,000$1.95M0

Sold out in Q4 2025

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

The largest 100 of 341. All 341

SecurityShares beforeValue beforeType
METAMETA PLATFORMS INC285,409$210Mshares
NVDANVIDIA CORPORATION721,202$135Mshares
QQQINVESCO QQQ TR106,284$63.8Mshares
GOOGLALPHABET INC174,161$42.3Mshares
BABOEING CO162,747$35.1Mshares
AAPLAPPLE INC125,539$32Mshares
AXON ENTERPRISE INCAXON ENTERPRISE INC10,000,000$31.4Mprincipal
APDAIR PRODUCTS AND CHEMICALS I90,000$24.5Mcall
CMECME GROUP INC75,000$20.3Mcall
LLYELI LILLY & CO25,000$19.1Mcall
EMBISHARES TR200,000$19Mput
ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC11,184,000$18.4Mprincipal
PFSIPENNYMAC FINL SVCS INC NEW135,000$16.7Mput
UNHUNITEDHEALTH GROUP INC46,057$15.9Mshares
SMHVANECK ETF TRUST48,366$15.8Mshares
BAXBAXTER INTL INC670,000$15.3Mput
SOXXISHARES TR55,420$15Mshares
BLSHBULLISH218,100$13.9Mcall
XLPSELECT SECTOR SPDR TR176,500$13.8Mcall
BIDUBAIDU INC101,369$13.4Mshares
IJRISHARES TR112,200$13.3Mput
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC8,990,000$13.2Mprincipal
RPRXROYALTY PHARMA PLC370,200$13.1Mcall
LWLAMB WESTON HLDGS INC220,000$12.8Mput
INTCINTEL CORP379,436$12.7Mshares
BLSHBULLISH198,300$12.6Mput
ADSKAUTODESK INC38,900$12.4Mput
BNYBANK OF NY MELLON CORP100,000$10.9Mcall
RWTREDWOOD TRUST INC1,880,300$10.9Mput
MARAMARA HOLDINGS INC583,350$10.7Mshares
ADBEADOBE INC29,940$10.6Mshares
ELLAUDER ESTEE COS INC115,000$10.1Mcall
WECWEC ENERGY GROUP INC80,000$9.17Mcall
CSGPCOSTAR GROUP INC105,000$8.86Mcall
DELLDELL TECHNOLOGIES INC61,566$8.73Mshares
ARRYARRAY TECHNOLOGIES INC1,060,000$8.64Mcall
TEMTEMPUS AI INC106,300$8.58Mcall
BMOBANK OF MONTREAL65,000$8.47Mcall
TTDTHE TRADE DESK INC169,433$8.3Mshares
PHMPULTE GROUP INC59,700$7.89Mput
EFAISHARES TR83,322$7.78Mshares
LYFTLYFT INC351,200$7.73Mput
CCLCARNIVAL CORP262,094$7.58Mshares
PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP7,000,000$7.52Mprincipal
CMACOMERICA INC108,800$7.45Mcall
BXPBXP INC100,000$7.43Mput
BXPBXP INC100,000$7.43Mcall
TRUTRANSUNION87,700$7.35Mcall
LINLINDE PLC15,000$7.12Mput
RWT HLDGS INCRWT HLDGS INC7,060,000$7.04Mprincipal
RIOTRIOT PLATFORMS INC361,224$6.87Mshares
TPRTAPESTRY INC58,416$6.61Mshares
CIFRCIPHER DIGITAL INC503,270$6.34Mshares
PHPARKER-HANNIFIN CORP8,000$6.07Mput
SUISUN CMNTYS INC45,000$5.8Mput
SUISUN CMNTYS INC45,000$5.8Mcall
EFXEQUIFAX INC22,400$5.75Mput
KODKEASTMAN KODAK CO862,000$5.53Mput
HOUSANYWHERE REAL ESTATE INC517,773$5.48Mshares
HUMHUMANA INC21,000$5.46Mcall
SRESEMPRA57,700$5.19Mcall
SRESEMPRA57,500$5.17Mput
WOLFWOLFSPEED INC171,200$4.9Mput
CAHCARDINAL HEALTH INC30,000$4.71Mput
GTLSCHART INDS INC23,400$4.68Mcall
IPINTERNATIONAL PAPER CO100,000$4.64Mcall
WENWENDYS CO500,000$4.58Mput
JOBYJOBY AVIATION INC280,000$4.52Mput
HNRGHALLADOR ENERGY COMPANY225,000$4.4Mput
FORD MOTOR COMPANYFORD MOTOR COMPANY4,125,000$4.18Mprincipal
EBAYEBAY INC.44,900$4.08Mcall
CAHCARDINAL HEALTH INC25,000$3.92Mcall
LNGCHENIERE ENERGY INC16,411$3.86Mshares
SUSUNCOR ENERGY INC NEW90,000$3.76Mcall
PRMBPRIMO BRANDS CORPORATION169,100$3.74Mcall
OTGAUOTG ACQUISITION CORP. I353,403$3.56Mshares
SDRLSEADRILL LTD117,101$3.54Mshares
CNPCENTERPOINT ENERGY INC89,100$3.46Mput
HOUSANYWHERE REAL ESTATE INC323,000$3.42Mcall
EWJISHARES INC42,000$3.37Mput
ETHAISHARES ETHEREUM TR106,600$3.36Mcall
EMBISHARES TR32,550$3.1Mshares
LACLITHIUM AMERS CORP NEW526,500$3.01Mput
STXSEAGATE TECHNOLOGY HLDNGS PL12,500$2.95Mcall
TROWPRICE T ROWE GROUP INC28,400$2.91Mput
PHPARKER-HANNIFIN CORP3,833$2.91Mshares
SOUNSOUNDHOUND AI INC170,000$2.73Mcall
PPLPPL CORP72,500$2.69Mcall
KOYNCSLM DIGITA ASSET ACQ CORP I270,482$2.68Mshares
EQNREQUINOR ASA110,000$2.68Mput
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL5,500$2.66Mput
MCHPMICROCHIP TECHNOLOGY INC.41,167$2.64Mshares
MMACYS INC147,291$2.64Mshares
PAIIPYROPHYTE ACQUISITION CORP.263,600$2.63Mshares
DOCSDOXIMITY INC35,000$2.56Mcall
GSRFUGSR IV ACQUISITION CORP250,000$2.53Mshares
ENTGENTEGRIS INC27,100$2.51Mcall
KMIKINDER MORGAN INC DEL87,636$2.48Mshares
AMTAMERICAN TOWER CORP12,500$2.4Mput
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR40,000$2.39Mcall

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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-26-001067 base2026-02-17acceptance time not in the bulk data set