Polar Capital Holdings Plc

13F filer, CIK 1837309, London, United Kingdom

Polar Capital Holdings Plc reported $16,420,672,100 across 286 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 27.44% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001172661-25-002011

Period: 2025-03-31
Reported value: $16.4B
Holdings: 286
Top 10 weight: 27.44%
New: 34
Sold out: 44

Part of the filer group Polar Capital Holdings Plc

Polar Capital LLP Polar Capital (Switzerland) AG +1 other

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
BABAnew	+2,143,441	$283M
AMDadded	+1,231,698	$127M
CRWDnew	+347,911	$123M
SNOWadded	+687,997	$101M
FLEXnew	+2,791,069	$92.3M

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
DDOGexited	-1,008,005	-$144M
MSFTreduced	-330,143	-$124M
RDDTexited	-753,273	-$123M
AVGOreduced	-683,651	-$114M
APHreduced	-1,727,602	-$113M

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, Q1 2025

Share positions as resolved from 13F-HR 0001172661-25-002011, largest first. % of portfolio is the value over $16,408,487,091, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
NVDANVIDIA CORPORATION	9,585,134	$1.04B	6.33%	+186,698	Timeline
METAMETA PLATFORMS INC	1,550,466	$894M	5.45%	+46,793	Timeline
MSFTMICROSOFT CORP	1,195,287	$449M	2.73%	-330,143	Timeline
AVGOBROADCOM INC	2,371,920	$397M	2.42%	-683,651	Timeline
RNRRENAISSANCERE HLDGS LTD	1,353,364	$325M	1.98%	+55,174	Timeline
ACGLARCH CAP GROUP LTD	3,213,917	$309M	1.88%	-23,481	Timeline
AAPLAPPLE INC	1,299,597	$289M	1.76%	-208,059	Timeline
BABAALIBABA GROUP HLDG LTD	2,143,441	$283M	1.73%	new	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	775,704	$262M	1.6%	+173,472
FERGFERGUSON ENTERPRISES INC	59,250	$257M	1.56%	-6,142	Timeline
NETCLOUDFLARE INC	2,270,357	$256M	1.56%	-662,434	Timeline
SPOTSPOTIFY TECHNOLOGY S A	456,555	$251M	1.53%	+52,797	Timeline
AMZNAMAZON COM INC	1,187,512	$226M	1.38%	-497,107	Timeline
CBCHUBB LIMITED	747,000	$226M	1.37%	+12,000	Timeline
MRSHMARSH & MCLENNAN COS INC	874,000	$213M	1.3%	0	Timeline
KLACKLA CORP	308,730	$210M	1.28%	+40,143	Timeline
WRBBERKLEY W R CORP	2,925,000	$208M	1.27%	0	Timeline
GOOGLALPHABET INC	1,331,126	$206M	1.25%	-534,500	Timeline
GOOGALPHABET INC	1,287,595	$201M	1.23%	-515,652	Timeline
MELIMERCADOLIBRE INC	100,973	$197M	1.2%	+25,121	Timeline
NFLXNETFLIX INC.	208,025	$194M	1.18%	+11,322	Timeline
AMDADVANCED MICRO DEVICES INC	1,752,561	$180M	1.1%	+1,231,698	Timeline
PGRPROGRESSIVE CORP	612,735	$173M	1.06%	-800	Timeline
SNOWSNOWFLAKE INC	1,153,970	$169M	1.03%	+687,997	Timeline
ESNTESSENT GROUP LTD	2,650,000	$153M	0.93%	-50,000	Timeline
GLWCORNING INC	3,331,510	$153M	0.93%	+716,759	Timeline
MKLMARKEL GROUP INC	80,250	$150M	0.91%	+2,900	Timeline
EGEVEREST GROUP LTD	395,000	$144M	0.87%	+26,250	Timeline
HOODROBINHOOD MKTS INC	3,363,569	$140M	0.85%	+2,014	Timeline
TRVTRAVELERS COMPANIES INC	523,000	$138M	0.84%	+13,000	Timeline
SHOPSHOPIFY INC	1,413,899	$135M	0.82%	-1,098,389	Timeline
MUMICRON TECHNOLOGY INC	1,548,741	$135M	0.82%	+211,144	Timeline
CLSCELESTICA INC	1,689,233	$133M	0.81%	+81,264	Timeline
COHRCOHERENT CORP	1,997,965	$130M	0.79%	+364,883	Timeline
ANETARISTA NETWORKS INC	1,661,386	$129M	0.78%	-633,346	Timeline
GEVGE VERNOVA INC	413,591	$126M	0.77%	-156,139	Timeline
ORCLORACLE CORP	894,198	$125M	0.76%	+134,891	Timeline
ESTCELASTIC N V	1,391,334	$124M	0.76%	+824,214	Timeline
CRWDCROWDSTRIKE HLDGS INC	347,911	$123M	0.75%	new	Timeline
ISRGINTUITIVE SURGICAL INC	247,303	$122M	0.75%	+924	Timeline
AXONAXON ENTERPRISE INC	221,938	$117M	0.71%	+45,418	Timeline
PEVERPURE INC	2,590,259	$115M	0.7%	+485,410	Timeline
RYANRYAN SPECIALTY HOLDINGS INC	1,515,000	$112M	0.68%	0	Timeline
TWLOTWILIO INC	1,129,470	$111M	0.67%	+565,541	Timeline
ARQTARCUTIS BIOTHERAPEUTICS INC	6,706,475	$105M	0.64%	-670,906	Timeline
PANWPALO ALTO NETWORKS INC	594,491	$101M	0.62%	+96,715	Timeline
CYTKCYTOKINETICS INC	2,455,737	$98.7M	0.6%	+259,016	Timeline
RGAREINSURANCE GROUP AMER INC	482,500	$95M	0.58%	+11,500	Timeline
FLEXFLEX LTD	2,791,069	$92.3M	0.56%	new	Timeline
XENEXENON PHARMACEUTICALS INC	2,623,039	$88M	0.54%	-74,618	Timeline
TSLATESLA INC	335,491	$86.9M	0.53%	-110,507	Timeline
HUBSHUBSPOT INC	147,106	$84M	0.51%	+951	Timeline
SRRKSCHOLAR ROCK HLDG CORP	2,583,371	$83.1M	0.51%	-125,000	Timeline
APHAMPHENOL CORP	1,263,479	$82.9M	0.51%	-1,727,602	Timeline
ASNDASCENDIS PHARMA A/S	525,000	$81.8M	0.5%	+225,000	Timeline
TEAMATLASSIAN CORPORATION	383,046	$81.3M	0.5%	+360,181	Timeline
MMYTMAKEMYTRIP LIMITED MAURITIUS	805,867	$79M	0.48%	-104,447	Timeline
MTSIMACOM TECH SOLUTIONS HLDGS I	782,372	$78.5M	0.48%	-288,699	Timeline
NOWSERVICENOW INC	98,100	$78.1M	0.48%	-85,848	Timeline
CRDOCREDO TECHNOLOGY GROUP HOLDI	1,942,767	$78M	0.48%	+491,683	Timeline
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC	1,750,000	$77.2M	0.47%	+250,000
GMEDGLOBUS MED INC	1,050,380	$76.9M	0.47%	+279,467	Timeline
LLYELI LILLY & CO	93,025	$76.8M	0.47%	-1,818	Timeline
DASHDOORDASH INC	420,357	$76.8M	0.47%	-245,419	Timeline
ALNYALNYLAM PHARMACEUTICALS INC	280,000	$75.6M	0.46%	-30,000	Timeline
CIENCIENA CORP	1,234,977	$74.6M	0.45%	-934,429	Timeline
NTNXNUTANIX INC	1,045,465	$73M	0.44%	+349,800	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	135,916	$72.4M	0.44%	+14,860	Timeline
MERUS N VMERUS N V	1,706,862	$71.8M	0.44%	+624
VVISA INC	203,317	$71.3M	0.43%	-20,122	Timeline
NVMINOVA LTD	381,730	$70.4M	0.43%	+27,428	Timeline
PDDPDD HOLDINGS INC	587,984	$69.6M	0.42%	+18,372	Timeline
SESEA LTD	528,832	$69M	0.42%	+29,479	Timeline
UNHUNITEDHEALTH GROUP INC	129,226	$67.7M	0.41%	+19,110	Timeline
NUVLNUVALENT INC	946,723	$67.1M	0.41%	0	Timeline
CVLTCOMMVAULT SYS INC	423,843	$66.9M	0.41%	+60,885	Timeline
TCOMTRIP COM GROUP LTD	1,037,768	$66M	0.4%	+24,928	Timeline
ARMARM HOLDINGS PLC	611,759	$65.3M	0.4%	-152,180	Timeline
MAMASTERCARD INCORPORATED	113,828	$62.4M	0.38%	+20,520	Timeline
NUNU HLDGS LTD	6,075,317	$62.2M	0.38%	+704,907	Timeline
MRVLMARVELL TECHNOLOGY INC	985,171	$60.7M	0.37%	-715,645	Timeline
VRTXVERTEX PHARMACEUTICALS INC	125,000	$60.6M	0.37%	-50,000	Timeline
PLTRPALANTIR TECHNOLOGIES INC	711,647	$60.1M	0.37%	+473,385	Timeline
ALABASTERA LABS INC	990,796	$59.1M	0.36%	+33,365	Timeline
INSMINSMED INC	728,755	$55.6M	0.34%	-1,245	Timeline
JPMJPMORGAN CHASE & CO	224,007	$54.9M	0.33%	-8,355	Timeline
MIRMMIRUM PHARMACEUTICALS INC	1,175,000	$52.9M	0.32%	+500,000	Timeline
BROBROWN & BROWN INC	425,000	$52.9M	0.32%	+12,500	Timeline
RNAMAVIDITY BIOSCIENCES INC	1,788,868	$52.8M	0.32%	+516,977	Timeline
FSLRFIRST SOLAR INC	417,069	$52.7M	0.32%	+169,320	Timeline
IOTSAMSARA INC	1,365,601	$52.3M	0.32%	+476,172	Timeline
AFLAFLAC INC	460,000	$51.1M	0.31%	0	Timeline
IBMINTERNATIONAL BUSINESS MACHS	204,741	$50.9M	0.31%	new	Timeline
TRUPTRUPANION INC	1,350,000	$50.3M	0.31%	+100,000	Timeline
MDGLMADRIGAL PHARMACEUTICALS INC	150,220	$49.8M	0.3%	+12,500	Timeline
ZZILLOW GROUP INC	722,617	$49.5M	0.3%	+270,167	Timeline
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP	541,379	$47.9M	0.29%	-85,000
BSXBOSTON SCIENTIFIC CORP	471,113	$47.5M	0.29%	-3,567	Timeline
ELVNENLIVEN THERAPEUTICS INC	2,365,294	$46.5M	0.28%	-24,374	Timeline
NAMSNEWAMSTERDAM PHARMA COMPANY	2,250,000	$46.1M	0.28%	+500,000	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	264,295	$45.6M	0.28%	+22,755	Timeline
HGTYHAGERTY INC	5,000,000	$45.2M	0.28%	0	Timeline
GLOBGLOBANT S A	379,738	$44.7M	0.27%	+48,841	Timeline
SUPNSUPERNUS PHARMACEUTICALS	1,362,340	$44.6M	0.27%	-325,590	Timeline
FAFFIRST AMERN FINL CORP	675,000	$44.3M	0.27%	0	Timeline
MLTXMOONLAKE IMMUNOTHERAPEUTICS	1,100,000	$43M	0.26%	0	Timeline
RLIRLI CORP	520,000	$41.8M	0.25%	+260,000	Timeline
GRABGRAB HOLDINGS LIMITED	9,196,353	$41.7M	0.25%	new	Timeline
PCVXVAXCYTE INC	1,082,473	$40.9M	0.25%	+108,828	Timeline
MMSIMERIT MED SYS INC	382,697	$40.5M	0.25%	0	Timeline
DOCSDOXIMITY INC	670,636	$38.9M	0.24%	+287,941	Timeline
FNFABRINET	193,892	$38.3M	0.23%	-15,402	Timeline
NPCENEUROPACE INC	2,972,003	$36.5M	0.22%	new	Timeline
SLNOSOLENO THERAPEUTICS INC	500,000	$35.7M	0.22%	new	Timeline
REGNREGENERON PHARMACEUTICALS	55,000	$34.9M	0.21%	-1,249	Timeline
APLSAPELLIS PHARMACEUTICALS INC	1,577,175	$34.5M	0.21%	0	Timeline
AVADEL PHARMACEUTICALSAVADEL PHARMACEUTICALS	4,355,964	$34.1M	0.21%	-58,236
FISFIDELITY NATL INFORMATION SV	455,582	$34M	0.21%	+16,622	Timeline
MCKMCKESSON CORP	49,886	$33.6M	0.2%	-8,399	Timeline
TOSTTOAST INC	974,098	$32.3M	0.2%	+119,372	Timeline
ITGRINTEGER HLDGS CORP	272,436	$32.2M	0.2%	0	Timeline
BACBANK OF AMER CORP	759,124	$31.7M	0.19%	+62,661	Timeline
VRTVERTIV HOLDINGS CO	433,376	$31.3M	0.19%	+350,576	Timeline
ABTABBOTT LABORATORIES	235,004	$31.2M	0.19%	new	Timeline
AGIOAGIOS PHARMACEUTICALS INC	1,002,036	$29.4M	0.18%	+375,000	Timeline
TBBBBBB FOODS INC	1,081,091	$28.8M	0.18%	+44,716	Timeline
VTEXVTEX	5,443,476	$27.6M	0.17%	+214,308	Timeline
RVMDREVOLUTION MEDICINES INC	750,665	$26.5M	0.16%	0	Timeline
RYTMRHYTHM PHARMACEUTICALS INC	500,000	$26.5M	0.16%	-1,000,000	Timeline
RBLXROBLOX CORP	451,392	$26.3M	0.16%	+275,959	Timeline
CGONCG ONCOLOGY INC	1,042,860	$25.5M	0.16%	+75,805	Timeline
CLDXCELLDEX THERAPEUTICS INC NEW	1,403,435	$25.5M	0.16%	-162,396	Timeline
CAHCARDINAL HEALTH INC	184,621	$25.4M	0.16%	new	Timeline
ROIVROIVANT SCIENCES LTD	2,500,000	$25.2M	0.15%	-1,000,000	Timeline
ELVELEVANCE HEALTH INC FORMERLY	56,012	$24.4M	0.15%	+12,000	Timeline
BKNGBOOKING HOLDINGS INC	5,178	$23.9M	0.15%	0	Timeline
RAREULTRAGENYX PHARMACEUTICAL IN	651,383	$23.6M	0.14%	new	Timeline
MNDYMONDAY COM LTD	94,041	$22.9M	0.14%	-99,969	Timeline
ATRAPTARGROUP INC	152,521	$22.6M	0.14%	+55,591	Timeline
PODDINSULET CORP	85,419	$22.4M	0.14%	+12,548	Timeline
IBKRINTERACTIVE BROKERS GROUP IN	135,046	$22.4M	0.14%	-88,362	Timeline
BOWBOWHEAD SPECIALTY HLDGS INC	550,000	$22.4M	0.14%	0	Timeline
ESTAESTABLISHMENT LABS HLDGS INC	546,519	$22.3M	0.14%	0	Timeline
WMTWALMART INC	253,750	$22.3M	0.14%	-84,436	Timeline
ALCALCON AG	239,465	$20.9M	0.13%	+41,110	Timeline
APGEAPOGEE THERAPEUTICS INC	550,000	$20.5M	0.13%	new	Timeline
DOXAMDOCS LTD	222,900	$20.4M	0.12%	0	Timeline
AXPAMERICAN EXPRESS CO	74,941	$20.2M	0.12%	-17,236	Timeline
QCOMQUALCOMM INC	128,516	$19.7M	0.12%	0	Timeline
ECLECOLAB INC	75,892	$19.2M	0.12%	+26,483	Timeline
KSPIKASPI KZ JSC	206,442	$19.2M	0.12%	new	Timeline
DAWNDAY ONE BIOPHARMACEUTICALS I	2,350,000	$18.6M	0.11%	+2,165,000	Timeline
CVECENOVUS ENERGY INC	1,026,015	$18.3M	0.11%	+8,398	Timeline
89BIO INC89BIO INC	2,500,000	$18.2M	0.11%	new
AJGGALLAGHER ARTHUR J & CO	52,107	$18M	0.11%	+10,226	Timeline
GSGOLDMAN SACHS GROUP INC	32,346	$17.7M	0.11%	-3,203	Timeline
CRHCRH PLC	200,292	$17.6M	0.11%	-113,676	Timeline
PENPENUMBRA INC	64,136	$17.2M	0.1%	+683	Timeline
UBERUBER TECHNOLOGIES INC	234,376	$17.1M	0.1%	-2,000	Timeline
USFDUS FOODS HLDG CORP	256,234	$16.8M	0.1%	-152,703	Timeline
AXSAXIS CAP HLDGS LTD	165,614	$16.6M	0.1%	0	Timeline
NDAQNASDAQ INC	214,442	$16.3M	0.1%	-4,159	Timeline
FWONKLIBERTY MEDIA CORP DEL	180,495	$16.2M	0.1%	0	Timeline
SYYSYSCO CORP	215,598	$16.2M	0.1%	new	Timeline
DEDEERE & CO	33,945	$15.9M	0.1%	+12,182	Timeline
HHYATT HOTELS CORP	128,305	$15.7M	0.1%	0	Timeline
CACCCREDIT ACCEP CORP MICH	30,319	$15.7M	0.1%	new	Timeline
GLGLOBE LIFE INC	113,447	$14.9M	0.09%	-35,230	Timeline
BRKRBRUKER CORP	338,216	$14.1M	0.09%	+33,026	Timeline
EQHEQUITABLE HLDGS INC	265,146	$13.8M	0.08%	+68,240	Timeline
ARESARES MANAGEMENT CORPORATION	94,062	$13.8M	0.08%	+15,135	Timeline
LOWLOWES COS INC	58,845	$13.7M	0.08%	0	Timeline
UNPUNION PAC CORP	57,057	$13.5M	0.08%	0	Timeline
SYRESPYRE THERAPEUTICS INC	825,000	$13.3M	0.08%	+75,000	Timeline
SSNCSS&C TECH HLDGS	159,185	$13.3M	0.08%	0	Timeline
EXASEXACT SCIENCES CORP	296,217	$12.8M	0.08%	+50,815	Timeline
BNYBANK OF NY MELLON CORP	151,086	$12.7M	0.08%	new	Timeline
FISVFISERV INC	57,151	$12.6M	0.08%	0	Timeline
CHRWC H ROBINSON WORLDWIDE IN	122,707	$12.6M	0.08%	+54,258	Timeline
MKSIMKS INC.	156,477	$12.5M	0.08%	0	Timeline
CCITIGROUP INC	175,842	$12.5M	0.08%	-79,243	Timeline
DISCOVER FINL SVCSDISCOVER FINL SVCS	72,723	$12.4M	0.08%	+25,222
STVNSTEVANATO GROUP S P A	601,724	$12.3M	0.07%	-273,089	Timeline
CATCATERPILLAR INC	35,773	$11.8M	0.07%	+4,448	Timeline
FFIVF5 INC	43,463	$11.6M	0.07%	-19,324	Timeline
CLBTCELLEBRITE DI LTD	585,751	$11.4M	0.07%	+136,950	Timeline
CNCCENTENE CORP DEL	182,178	$11.1M	0.07%	0	Timeline
CNMCORE & MAIN INC	228,178	$11M	0.07%	0	Timeline
ORKAORUKA THERAPEUTICS INC	1,050,000	$10.8M	0.07%	+500,000	Timeline
MPWRMONOLITHIC PWR SYS INC	17,700	$10.3M	0.06%	+16,700	Timeline
LITELUMENTUM HLDGS INC	162,400	$10.1M	0.06%	+48,500	Timeline
OTEXOPEN TEXT CORP	302,405	$9.8M	0.06%	-75,000	Timeline
BLKBLACKROCK INC	10,172	$9.63M	0.06%	-4,760	Timeline
UUNITY SOFTWARE INC	483,819	$9.48M	0.06%	new	Timeline
ETNEATON CORP PLC	34,748	$9.45M	0.06%	-72,423	Timeline
SNSHARKNINJA INC	112,667	$9.4M	0.06%	0	Timeline
ADSKAUTODESK INC	34,800	$9.11M	0.06%	+3,050	Timeline
LINLINDE PLC	18,532	$8.63M	0.05%	-20,333	Timeline
SITMSITIME CORP	53,921	$8.24M	0.05%	+21,290	Timeline
Y-mAbs Therapeutics IncY-mAbs Therapeutics Inc	1,831,000	$8.11M	0.05%	0
WVEWAVE LIFE SCIENCES LTD	1,003,500	$8.11M	0.05%	+3,500	Timeline
URIUNITED RENTALS INC	12,818	$8.03M	0.05%	0	Timeline
MARMARRIOTT INTL INC NEW	33,375	$7.95M	0.05%	0	Timeline
KVYOKLAVIYO INC	261,157	$7.9M	0.05%	+93,019	Timeline
PIIMPINJ INC	86,834	$7.88M	0.05%	new	Timeline
MBCMASTERBRAND INC	573,077	$7.48M	0.05%	0	Timeline
BRZEBRAZE INC	204,616	$7.38M	0.04%	+74,625	Timeline
DOCUDOCUSIGN INC	88,881	$7.23M	0.04%	+13,243	Timeline
FHNFIRST HORIZON CORPORATION	370,005	$7.19M	0.04%	-5,907	Timeline
MPMP MATERIALS CORP	288,500	$7.04M	0.04%	-193,500	Timeline
BLDRBUILDERS FIRSTSOURCE INC	52,688	$6.58M	0.04%	0	Timeline
AMGAFFILIATED MANAGERS GROUP	38,944	$6.54M	0.04%	-17,588	Timeline
LFUSLITTELFUSE INC	33,027	$6.5M	0.04%	-8,244	Timeline
CSCOCISCO SYS INC	101,272	$6.25M	0.04%	-79,399	Timeline
LEGNLEGEND BIOTECH CORP	175,123	$5.94M	0.04%	-206,750	Timeline
EWTXEDGEWISE THERAPEUTICS INC	250,000	$5.5M	0.03%	new	Timeline
IRTCIRHYTHM HOLDINGS INC	49,773	$5.21M	0.03%	0	Timeline
XPEVXPENG INC	241,300	$5M	0.03%	-316,700	Timeline
XMTRXOMETRY INC	190,195	$4.74M	0.03%	-139,616	Timeline
XYZBLOCK INC	85,504	$4.65M	0.03%	-45,427	Timeline
CGNXCOGNEX CORP	150,000	$4.47M	0.03%	+102,300	Timeline
LIVNLIVANOVA PLC	112,859	$4.43M	0.03%	+765	Timeline
KRROKORRO BIO INC	250,000	$4.35M	0.03%	+175,000	Timeline
TSHATAYSHA GENE THERAPIES INC	3,000,000	$4.17M	0.03%	0	Timeline
BXBLACKSTONE INC	27,317	$3.82M	0.02%	-28,353	Timeline
NXPINXP SEMICONDUCTORS N V	19,500	$3.71M	0.02%	-21,800	Timeline
EXELEXELIXIS INC	85,000	$3.14M	0.02%	-115,000	Timeline
CHECHEMED CORP NEW	5,098	$3.14M	0.02%	-3,560	Timeline
ADIANALOG DEVICES INC	96,167	$3M	0.02%	-7,350	Timeline
ADUSADDUS HOMECARE CORP	29,349	$2.9M	0.02%	0	Timeline
TNDMTANDEM DIABETES CARE INC	140,536	$2.69M	0.02%	-2,364	Timeline
AFRMAFFIRM HLDGS INC	57,728	$2.61M	0.02%	-78,478	Timeline
CARRCARRIER GLOBAL CORPORATION	36,500	$2.31M	0.01%	-73,000	Timeline
ENSGENSIGN GROUP INC	16,619	$2.15M	0.01%	0	Timeline
HCAHCA HEALTHCARE INC	5,970	$2.06M	0.01%	0	Timeline
APDAIR PRODUCTS AND CHEMICALS I	6,850	$2.02M	0.01%	-4,350	Timeline
ENSENERSYS	20,700	$1.9M	0.01%	-26,300	Timeline
SYKSTRYKER CORPORATION	4,128	$1.54M	0.01%	0	Timeline
IBITISHARES BITCOIN TRUST ETF	30,503	$1.43M	0.01%	new	Timeline
TSEMTOWER SEMICONDUCTOR LTD	38,139	$1.36M	0.01%	-249,679	Timeline
LASRNLIGHT INC	174,292	$1.35M	0.01%	-41,025	Timeline
ABBVABBVIE INC	5,582	$1.17M	0.01%	-213,934	Timeline
QRVOQORVO INC	16,000	$1.16M	0.01%	+3,900	Timeline
AMGNAMGEN INC	3,636	$1.13M	0.01%	-276,190	Timeline
HOLXHOLOGIC INC	18,009	$1.11M	0.01%	0	Timeline
IDYAIDEAYA BIOSCIENCES INC	65,500	$1.07M	0.01%	0	Timeline
MASIMASIMO CORP	6,023	$1M	0.01%	0	Timeline
THCTENET HEALTHCARE CORP	7,231	$973K	0.01%	0	Timeline
NVTNVENT ELEC PLC	18,500	$970K	0.01%	-96,500	Timeline
LSCCLATTICE SEMICONDUCTOR CORP	9,900	$519K	<0.01%	0	Timeline
GLBEGLOBAL E ONLINE LTD	12,250	$437K	<0.01%	new	Timeline
BEKEKE HLDGS INC	12,396	$249K	<0.01%	-2,300,821	Timeline
EHCENCOMPASS HEALTH CORP	2,259	$229K	<0.01%	0	Timeline
TELTE CONNECTIVITY PLC	1,600	$226K	<0.01%	-600	Timeline
GDRXGOODRX HLDGS INC	18,300	$80.7K	<0.01%	+5,940	Timeline
LFSTLIFESTANCE HEALTH GROUP INC	11,500	$76.6K	<0.01%	0	Timeline
STXSSTEREOTAXIS INC	35,800	$63K	<0.01%	0	Timeline
CERSCERUS CORP	13,540	$18.8K	<0.01%	0	Timeline

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
AAPLAPPLE INC COM	call	27,985	$6.22M	+1,635
MSFTMICROSOFT CORP COM	call	15,900	$5.97M	+9,400

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
NUTANIX INCNUTANIX INC Convertible	principal	14,360,000	$19.1M	0
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0	principal	9,500,000	$11.6M	new
LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500%12/1	principal	9,500,000	$9.85M	+3,000,000
SPOTIFY USA INCSPOTIFY USA INC NOTE 3/1	principal	5,500,000	$6.54M	+2,500,000
NICE LTDNICE LTD NOTE 9/1	principal	6,000,000	$5.84M	new
INSULET CORPINSULET CORP NOTE 0.375% 9/0	principal	4,500,000	$5.68M	+1,500,000
ZSCALER INCZSCALER INC NOTE 0.125% 7/0	principal	4,000,000	$5.29M	-2,000,000
IMPINJ INCIMPINJ INC NOTE 1.125% 5/1	principal	4,531,000	$5.16M	+231,000
ETSY INCETSY INC NOTE 0.250% 6/1	principal	6,000,000	$5.11M	new
CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1	principal	5,000,000	$5.02M	new
ASCENDIS PHARMA A/SASCENDIS PHARMA A/S Convertible bond	principal	3,750,000	$4.37M	-5,000,000
LANTHEUS HLDGS INCLANTHEUS HLDGS INC Convertible	principal	3,000,000	$4.24M	new
CHEFS WHSE INCCHEFS WHSE INC NOTE 2.375%12/1	principal	3,000,000	$4.14M	0
IMAX CORPIMAX CORP NOTE 0.500% 4/0	principal	3,000,000	$3.31M	new
SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC NOTE 1.250% 9/1	principal	3,400,000	$3.17M	0
SOUTHWEST AIRLS COSOUTHWEST AIRLS CO NOTE 1.250% 5/0	principal	3,000,000	$3M	new
ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1	principal	2,500,000	$2.89M	new
BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0	principal	3,000,000	$2.73M	0
SPHERE ENTERTAINMENT COSPHERE ENTERTAINMENT CO Convertible	principal	2,000,000	$2.41M	new
CYTOKINETICS INCCYTOKINETICS INC NOTE 3.500% 7/0	principal	2,000,000	$2.3M	0
Shopify IncShopify Inc Convertible bond	principal	2,000,000	$2.01M	0
H WORLD GROUP LTDH WORLD GROUP LTD Convertible bond	principal	1,500,000	$1.67M	new
PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0	principal	1,500,000	$1.48M	new
LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1	principal	1,000,000	$1.22M	0
FLUOR CORPFLUOR CORP NOTE 1.125% 8/1	principal	1,000,000	$1.06M	new
TRAVERE THERAPEUTICS INCTRAVERE THERAPEUTICS INC CNV	principal	3,000,000	$3K	new

Sold out in Q1 2025

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

Security	Shares before	Value before	Type
DDOGDATADOG INC	1,008,005	$144M	shares
RDDTREDDIT INC	753,273	$123M	shares
APPAPPLOVIN CORP	287,039	$93M	shares
TTDTHE TRADE DESK INC	580,050	$68.2M	shares
EAELECTRONIC ARTS INC	333,602	$48.8M	shares
VRNSVARONIS SYS INC	1,003,524	$44.6M	shares
PLRXPLIANT THERAPEUTICS INC	2,015,000	$26.5M	shares
DXCMDEXCOM INC	302,456	$23.5M	shares
GDDYGODADDY INC	112,847	$22.3M	shares
AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC	14,240,000	$14.2M	principal
ALLALLSTATE CORP	72,498	$14M	shares
ACHCACADIA HEALTHCARE COMPANY IN	349,761	$13.9M	shares
PTGXPROTAGONIST THERAPEUTICS INC	350,000	$13.5M	shares
BWXTBWX TECHNOLOGIES INC	114,878	$12.8M	shares
USBUS BANCORP	256,960	$12.3M	shares
CRTOCRITEO S A	268,000	$10.6M	shares
CNQCANADIAN NAT RES LTD MED TER	261,513	$10.4M	shares
ONON SEMICONDUCTOR CORP	151,600	$9.56M	shares
QIAGEN NVQIAGEN NV	170,863	$9.29M	shares
BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC	8,500,000	$8.93M	principal
LIILENNOX INTL INC	14,600	$8.9M	shares
ETSY INCETSY INC	10,000,000	$8.64M	principal
RXSTRXSIGHT INC	224,254	$7.71M	shares
RFREGIONS FINANCIAL CORP NEW	307,642	$7.24M	shares
AGXARGAN INC	50,076	$6.86M	shares
MSFTMICROSOFT CORP	16,000	$6.74M	put
FLNCFLUENCE ENERGY INC	420,500	$6.68M	shares
SNDXSYNDAX PHARMACEUTICALS INC	500,000	$6.61M	shares
CNNECANNAE HLDGS INC	316,697	$6.29M	shares
HTHTH WORLD GROUP LTD	171,026	$5.65M	shares
IONIS PHARMACEUTICALS INCIONIS PHARMACEUTICALS INC	4,500,000	$4.46M	principal
SWSMURFIT WESTROCK PLC	78,590	$4.23M	shares
LI AUTO INCLI AUTO INC	3,500,000	$4M	principal
IMCRIMMUNOCORE HLDGS PLC	114,023	$3.36M	shares
NBIXNEUROCRINE BIOSCIENCES INC	20,000	$2.73M	shares
DROPBOX INCDROPBOX INC	2,000,000	$2.04M	principal
TYLER TECHNOLOGIES INCTYLER TECHNOLOGIES INC	1,200,000	$1.45M	principal
WAYFAIR INCWAYFAIR INC	1,000,000	$1.24M	principal
ALBALBEMARLE CORP	10,800	$930K	shares
XLFSELECT SECTOR SPDR TR	15,000	$725K	put
CTNMCONTINEUM THERAPEUTICS INC	43,604	$639K	shares
ANSYS INCANSYS INC	1,320	$445K	shares
NTRANATERA INC	1,755	$278K	shares
NTESNETEASE COM INC	2,397	$214K	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 0001172661-25-002011	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC