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QVT Financial LP

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13F filer, CIK 1290162, New York, NY

QVT Financial LP reported $1,122,593,493 across 46 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 82.79% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000950123-25-008436

Period
2025-06-30
Reported value
$1.12B
Holdings
46
Top 10 weight
82.79%
New
18
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NVDAnew+151,549$23.9M
AMZNnew+55,643$12.2M
Tourmaline Bio Incadded+681,284$10.9M
IONQnew+225,931$9.71M
METAadded+11,541$8.52M

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
ROIVreduced-36,412,144-$410M
MPexited-1,304,171-$31.8M
NXSTexited-121,587-$21.8M
WBDreduced-228,925-$2.62M
BABAexited-4,442-$587K

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, Q2 2025

Share positions as resolved from 13F-HR 0000950123-25-008436, largest first. % of portfolio is the value over $715,995,162, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ROIVROIVANT SCIENCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,793,779 shares; 2024Q4: 65,793,779 shares; 2025Q1: 65,793,779 shares; 2025Q2: 29,381,635 shares 29,381,635$331M46.25%-36,412,144Timeline
GSGOLDMAN SACHS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,926 shares; 2024Q4: 67,926 shares; 2025Q1: 74,926 shares; 2025Q2: 75,426 shares 75,426$53.4M7.46%+500Timeline
ALLTALLOT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,981,427 shares; 2024Q4: 3,205,793 shares; 2025Q1: 3,687,855 shares; 2025Q2: 4,505,793 shares 4,505,793$36.6M5.11%+817,938Timeline
Tourmaline Bio IncTourmaline Bio IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 711,275 shares; 2024Q4: 711,275 shares; 2025Q1: 1,473,369 shares; 2025Q2: 2,154,653 shares 2,154,653$34.5M4.81%+681,284
ECOOKEANIS ECO TANKERS CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,423,997 shares; 2024Q4: 1,423,997 shares; 2025Q1: 1,423,997 shares; 2025Q2: 1,423,997 shares 1,423,997$27.8M3.89%0Timeline
NNINELNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 229,665 shares; 2024Q4: 229,665 shares; 2025Q1: 229,665 shares; 2025Q2: 229,665 shares 229,665$27.8M3.89%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 151,549 shares 151,549$23.9M3.34%newTimeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,946 shares; 2024Q4: 47,946 shares; 2025Q1: 47,946 shares; 2025Q2: 47,946 shares 47,946$23.3M3.25%0Timeline
NYTNEW YORK TIMES CO MTN BEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 316,947 shares; 2024Q4: 316,947 shares; 2025Q1: 316,947 shares; 2025Q2: 316,947 shares 316,947$17.7M2.48%0Timeline
ATEXANTERIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 503,941 shares; 2024Q4: 503,941 shares; 2025Q1: 503,941 shares; 2025Q2: 503,941 shares 503,941$12.9M1.81%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 55,643 shares 55,643$12.2M1.7%newTimeline
LILAKLIBERTY LATIN AMERICA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,749,467 shares; 2024Q4: 1,749,467 shares; 2025Q1: 1,749,467 shares; 2025Q2: 1,749,467 shares 1,749,467$10.9M1.52%0Timeline
IONQIONQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 225,931 shares 225,931$9.71M1.36%newTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,361 shares; 2025Q2: 12,902 shares 12,902$9.52M1.33%+11,541Timeline
WHWKWHITEHAWK THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,313,702 shares; 2025Q1: 4,515,709 shares; 2025Q2: 4,615,709 shares 4,615,709$8.2M1.15%+100,000Timeline
SMMTSUMMIT THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 360,524 shares; 2024Q4: 360,524 shares; 2025Q1: 360,524 shares; 2025Q2: 360,524 shares 360,524$7.67M1.07%0Timeline
JAAAJANUS DETROIT STR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 148,582 shares 148,582$7.54M1.05%newTimeline
ARGXARGENX SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,498 shares; 2024Q4: 16,498 shares; 2025Q1: 13,030 shares; 2025Q2: 13,030 shares 13,030$7.18M1%0Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 208,634 shares; 2024Q4: 208,634 shares; 2025Q1: 208,634 shares; 2025Q2: 208,634 shares 208,634$5.54M0.77%0Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 457,850 shares; 2025Q1: 457,850 shares; 2025Q2: 228,925 shares 228,925$2.62M0.37%-228,925Timeline
CMTLCOMTECH TELECOMMUNICATIONS CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 605,773 shares; 2024Q4: 605,773 shares; 2025Q1: 705,773 shares; 2025Q2: 984,354 shares 984,354$2.41M0.34%+278,581Timeline
BHVNBIOHAVEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 170,006 shares; 2024Q4: 170,006 shares; 2025Q1: 170,006 shares; 2025Q2: 170,006 shares 170,006$2.4M0.34%0Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,886 shares; 2025Q1: 4,503 shares; 2025Q2: 4,503 shares 4,503$2.31M0.32%0Timeline
INFORMATICA INCINFORMATICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,817 shares; 2024Q4: 90,817 shares; 2025Q1: 90,817 shares; 2025Q2: 90,817 shares 90,817$2.21M0.31%0
TTANSERVICETITAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 18,773 shares 18,773$2.01M0.28%newTimeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,889 shares; 2025Q2: 4,793 shares 4,793$1.68M0.23%+1,904Timeline
GTNGRAY MEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 291,452 shares; 2024Q4: 291,452 shares; 2025Q1: 291,452 shares; 2025Q2: 291,452 shares 291,452$1.32M0.18%0Timeline
IOVAIOVANCE BIOTHERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 678,564 shares; 2024Q4: 678,564 shares; 2025Q1: 678,564 shares; 2025Q2: 678,564 shares 678,564$1.17M0.16%0Timeline
GSBDGOLDMAN SACHS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 100,000 shares 100,000$1.12M0.16%newTimeline
MNDYMONDAY COM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,087 shares 2,087$656K0.09%newTimeline
DASHDOORDASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,631 shares 1,631$402K0.06%newTimeline
GTLBGITLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,838 shares 5,838$263K0.04%newTimeline
SNOWSNOWFLAKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 967 shares 967$216K0.03%newTimeline
Mersana Therapeutics IncMersana Therapeutics IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,657 shares; 2024Q4: 62,657 shares; 2025Q1: 62,657 shares; 2025Q2: 62,657 shares 62,657$18.5K<0.01%0

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).

SecurityTypeAmountValueChange
HYGISHARES TR IBOXX HI YD ETFput2,650,000$214Mnew
IONQIONQ INC Stockput857,500$36.8M+697,500
QQQINVESCO QQQ TR COMput66,760$36.8Mnew
CVNACARVANA CO Stockput100,000$33.7Mnew
GSGOLDMAN SACHS GROUP INC COMput47,400$33.5M+14,400
NXSTNEXSTAR MEDIA GROUP INC Stockput155,281$26.9Mnew
ARCCARES CAPITAL CORP COMput625,900$13.7Mnew
TRINTRINITY CAP INC COMput750,000$10.6Mnew
JBBBJANUS DETROIT STR TR ETFput16,700$805Knew

Principal amounts

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

SecurityTypeAmountValueChange
MAKEMYTRIP LIMITED MAURITIUSMAKEMYTRIP LIMITED MAURITIUS NOTE 2/1principal6,500,000$16.6M0
AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0principal10,000,000$10M+1,500,000
IQIYI INCIQIYI INC NOTE 6.500% 3/1principal1,000,000$997Knew

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
MPMP MATERIALS CORP1,304,171$31.8Mshares
NXSTNEXSTAR MEDIA GROUP INC121,587$21.8Mshares
SEA LTDSEA LTD17,500,000$16.4Mprincipal
ZILLOW GROUP INCZILLOW GROUP INC15,000,000$15.8Mprincipal
SPYSTATE STR SPDR S&P 500 ETF T27,000$15.1Mput
DATADOG INCDATADOG INC10,000,000$11.2Mprincipal
INFINERA CORPINFINERA CORP5,000,000$6.03Mprincipal
INFINERA CORPINFINERA CORP718,000$893Kprincipal
BABAALIBABA GROUP HLDG LTD4,442$587Kshares
ACADACADIA PHARMACEUTICALS INC19,613$326Kshares
BMRNBIOMARIN PHARMACEUTICAL INC4,429$313Kshares
MDBMONGODB INC1,581$277Kshares

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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000950123-25-008436 base2025-08-14acceptance time not in the bulk data set