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Rokos Capital Management LLP

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13F filer, CIK 1666335, LONDON, United Kingdom

Rokos Capital Management LLP reported $25,660,594,992 across 151 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 54.33% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001666335-26-000002

Period
2025-12-31
Reported value
$25.7B
Holdings
151
Top 10 weight
54.33%
New
53
Sold out
59

Part of the filer group Rokos Capital Management LLP

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
XLVnew+1,657,495$257M
EWZadded+5,851,923$186M
MSadded+593,570$105M
CRWDnew+216,542$102M
EXEnew+862,568$95.2M

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
NVDAreduced-4,192,595-$782M
MSFTreduced-1,175,526-$568M
GSreduced-303,253-$267M
COFreduced-967,977-$235M
QQQreduced-276,846-$170M

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 0001666335-26-000002, largest first. % of portfolio is the value over $6,819,563,883, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 719,330 shares; 2024Q4: 404,897 shares; 2025Q1: 943,004 shares; 2025Q2: 159,600 shares; 2025Q3: 3,987,586 shares; 2025Q4: 4,098,395 shares 4,098,395$1.28B18.81%+110,809Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,363,153 shares; 2025Q1: not reported; 2025Q2: 926,750 shares; 2025Q3: 958,902 shares; 2025Q4: 682,056 shares 682,056$419M6.14%-276,846Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,185,511 shares; 2024Q4: 511,594 shares; 2025Q1: 822,806 shares; 2025Q2: 849,595 shares; 2025Q3: 915,698 shares; 2025Q4: 1,139,796 shares 1,139,796$395M5.78%+224,098Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,166,141 shares; 2024Q4: 987,528 shares; 2025Q1: 1,655,134 shares; 2025Q2: 2,034,764 shares; 2025Q3: 1,958,846 shares; 2025Q4: 1,426,909 shares 1,426,909$329M4.83%-531,937Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 793,365 shares; 2024Q4: 689,399 shares; 2025Q1: 895,635 shares; 2025Q2: 1,529,027 shares; 2025Q3: 1,765,801 shares; 2025Q4: 590,275 shares 590,275$285M4.19%-1,175,526Timeline
XLVSELECT SECTOR SPDR 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: 1,657,495 shares 1,657,495$257M3.76%newTimeline
EWZISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 750,000 shares; 2025Q2: 467,826 shares; 2025Q3: 464,528 shares; 2025Q4: 6,316,451 shares 6,316,451$201M2.94%+5,851,923Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,202,783 shares; 2024Q4: 2,168,101 shares; 2025Q1: 2,031,492 shares; 2025Q2: 1,747,948 shares; 2025Q3: 5,260,492 shares; 2025Q4: 1,067,897 shares 1,067,897$199M2.92%-4,192,595Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 167,433 shares; 2024Q4: not reported; 2025Q1: 1,576,501 shares; 2025Q2: not reported; 2025Q3: 616,389 shares; 2025Q4: 643,312 shares 643,312$175M2.57%+26,923Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 517,303 shares; 2025Q1: 604,619 shares; 2025Q2: 1,272,240 shares; 2025Q3: 987,168 shares; 2025Q4: 569,743 shares 569,743$163M2.38%-417,425Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,095 shares; 2024Q4: 468,765 shares; 2025Q1: 251,586 shares; 2025Q2: 478,707 shares; 2025Q3: 407,162 shares; 2025Q4: 208,552 shares 208,552$138M2.02%-198,610Timeline
CCITIGROUP 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: 312 shares; 2025Q3: 1,237,623 shares; 2025Q4: 1,055,890 shares 1,055,890$123M1.81%-181,733Timeline
MSMORGAN STANLEYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 813,197 shares; 2025Q1: 1,190,229 shares; 2025Q2: 1,230,466 shares; 2025Q3: 31,392 shares; 2025Q4: 624,962 shares 624,962$111M1.63%+593,570Timeline
CRWDCROWDSTRIKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,603 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 800 shares; 2025Q3: not reported; 2025Q4: 216,542 shares 216,542$102M1.49%newTimeline
EXEEXPAND ENERGY CORPORATIONQuarterly 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: 862,568 shares 862,568$95.2M1.4%newTimeline
EQTEQT 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: 1,740,515 shares 1,740,515$93.3M1.37%newTimeline
AMATAPPLIED MATLS 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: 5,444 shares; 2025Q4: 354,754 shares 354,754$91.2M1.34%+349,310Timeline
GSGOLDMAN SACHS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 395,573 shares; 2025Q1: 481,375 shares; 2025Q2: 516,385 shares; 2025Q3: 402,600 shares; 2025Q4: 99,347 shares 99,347$87.3M1.28%-303,253Timeline
CLSCELESTICA 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: 52,610 shares; 2025Q3: 92,654 shares; 2025Q4: 285,615 shares 285,615$84.4M1.24%+192,961Timeline
CVXCHEVRON CORPORATIONQuarterly 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: 539,500 shares 539,500$82.2M1.21%newTimeline
PCGPG&E 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: 6,829,822 shares; 2025Q4: 5,005,307 shares 5,005,307$80.6M1.18%-1,824,515Timeline
STXSEAGATE TECHNOLOGY HLDNGS PLQuarterly 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: 537,755 shares; 2025Q3: 490,583 shares; 2025Q4: 279,895 shares 279,895$77.1M1.13%-210,688Timeline
LITELUMENTUM HLDGS 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: 329,061 shares; 2025Q3: 318,587 shares; 2025Q4: 200,624 shares 200,624$73.9M1.08%-117,963Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 601,604 shares; 2024Q4: 484,586 shares; 2025Q1: 505,625 shares; 2025Q2: 469,250 shares; 2025Q3: 626,980 shares; 2025Q4: 441,944 shares 441,944$71.3M1.05%-185,036Timeline
COHRCOHERENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 407,688 shares; 2024Q4: 621,926 shares; 2025Q1: 621,926 shares; 2025Q2: 679,853 shares; 2025Q3: 502,181 shares; 2025Q4: 368,038 shares 368,038$67.9M1%-134,143Timeline
BABAALIBABA GROUP HLDG LTDQuarterly 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: 148,761 shares; 2025Q3: 235,757 shares; 2025Q4: 442,758 shares 442,758$64.9M0.95%+207,001Timeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 45,740 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 91,171 shares 91,171$59.6M0.87%newTimeline
AMRZAMRIZE LTDQuarterly 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: 1,258,689 shares; 2025Q4: 1,082,175 shares 1,082,175$58.5M0.86%-176,514Timeline
NTRANATERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 306,533 shares; 2025Q2: 306,533 shares; 2025Q3: 306,533 shares; 2025Q4: 242,902 shares 242,902$55.6M0.82%-63,631Timeline
MDBMONGODB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,085 shares; 2024Q4: 25,823 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 131,234 shares 131,234$55.1M0.81%newTimeline
DDOGDATADOG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,212 shares; 2024Q4: 300,000 shares; 2025Q1: 573,567 shares; 2025Q2: 698,520 shares; 2025Q3: 452,743 shares; 2025Q4: 391,875 shares 391,875$53.3M0.78%-60,868Timeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,149,777 shares; 2024Q4: not reported; 2025Q1: 154,190 shares; 2025Q2: 997,425 shares; 2025Q3: 368,381 shares; 2025Q4: 210,676 shares 210,676$49.2M0.72%-157,705Timeline
BABOEING 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: 326,041 shares; 2025Q4: 226,654 shares 226,654$49.2M0.72%-99,387Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 953,747 shares; 2024Q4: 63,038 shares; 2025Q1: not reported; 2025Q2: 156,654 shares; 2025Q3: 347,844 shares; 2025Q4: 222,877 shares 222,877$47.7M0.7%-124,967Timeline
ALABASTERA LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 256,032 shares; 2025Q1: not reported; 2025Q2: 73,107 shares; 2025Q3: not reported; 2025Q4: 273,694 shares 273,694$45.5M0.67%newTimeline
CRDOCREDO TECHNOLOGY GROUP HOLDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,002,846 shares; 2024Q4: 398,104 shares; 2025Q1: not reported; 2025Q2: 231,698 shares; 2025Q3: not reported; 2025Q4: 305,631 shares 305,631$44M0.64%newTimeline
MELIMERCADOLIBRE 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: 21,684 shares 21,684$43.7M0.64%newTimeline
FERGFERGUSON ENTERPRISES 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: 49,228 shares; 2025Q3: 352,634 shares; 2025Q4: 186,781 shares 186,781$41.6M0.61%-165,853Timeline
CMCSACOMCAST CORP NEWQuarterly 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: 1,300,000 shares 1,300,000$38.9M0.57%newTimeline
CMGCHIPOTLE MEXICAN GRILL 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: 193,000 shares; 2025Q3: not reported; 2025Q4: 1,033,779 shares 1,033,779$38.3M0.56%newTimeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 264,793 shares; 2024Q4: 623,200 shares; 2025Q1: 368,306 shares; 2025Q2: 764,400 shares; 2025Q3: not reported; 2025Q4: 347,097 shares 347,097$37.7M0.55%newTimeline
ANETARISTA NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 197,588 shares; 2025Q1: not reported; 2025Q2: 259,093 shares; 2025Q3: 338,792 shares; 2025Q4: 286,505 shares 286,505$37.5M0.55%-52,287Timeline
GLWCORNING 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: 393,836 shares; 2025Q3: 1,041,949 shares; 2025Q4: 419,790 shares 419,790$36.8M0.54%-622,159Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 289,953 shares; 2025Q2: 289,953 shares; 2025Q3: not reported; 2025Q4: 975,372 shares 975,372$36M0.53%newTimeline
DARDARLING INGREDIENTS 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: 959,365 shares; 2025Q4: 959,365 shares 959,365$34.5M0.51%0Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 9,554 shares; 2025Q1: 11,392 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 252,952 shares 252,952$34.2M0.5%newTimeline
XLPSELECT SECTOR SPDR 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: 436,328 shares 436,328$33.9M0.5%newTimeline
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 444,929 shares; 2024Q4: 456,544 shares; 2025Q1: 456,544 shares; 2025Q2: 760,126 shares; 2025Q3: not reported; 2025Q4: 396,737 shares 396,737$33.7M0.49%newTimeline
ZSZSCALER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 328,818 shares; 2024Q4: 285,974 shares; 2025Q1: 285,974 shares; 2025Q2: 143,617 shares; 2025Q3: 147,317 shares; 2025Q4: 147,317 shares 147,317$33.1M0.49%0Timeline
XRTSPDR SERIES TRUSTQuarterly 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: 366,470 shares 366,470$31.3M0.46%newTimeline
NUENUCOR 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: 182,515 shares 182,515$29.8M0.44%newTimeline
PAASPAN AMERN SILVER 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: 574,217 shares 574,217$29.7M0.44%newTimeline
TACTRANSALTA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,240,900 shares; 2025Q1: 768,235 shares; 2025Q2: 768,235 shares; 2025Q3: 2,760,467 shares; 2025Q4: 2,293,069 shares 2,293,069$29M0.43%-467,398Timeline
MPMP MATERIALS 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: 550,206 shares 550,206$27.8M0.41%newTimeline
NSCNORFOLK SOUTHN 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: 57,668 shares; 2025Q4: 94,493 shares 94,493$27.3M0.4%+36,825Timeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly 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: 37,225 shares; 2025Q3: 73,451 shares; 2025Q4: 43,891 shares 43,891$25.5M0.37%-29,560Timeline
DHRDANAHER CORP DELQuarterly 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: 20,704 shares; 2025Q4: 105,433 shares 105,433$24.1M0.35%+84,729Timeline
TSEMTOWER SEMICONDUCTOR LTDQuarterly 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: 204,365 shares 204,365$24M0.35%newTimeline
OXYOCCIDENTAL PETE 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: 529,699 shares 529,699$21.8M0.32%newTimeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,701 shares; 2025Q2: not reported; 2025Q3: 56,052 shares; 2025Q4: 56,052 shares 56,052$21M0.31%0Timeline
STUBSTUBHUB HLDGS 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: 1,526,531 shares 1,526,531$20.7M0.3%newTimeline
HPEHEWLETT PACKARD ENTERPRISE 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: not reported; 2025Q4: 851,510 shares 851,510$20.5M0.3%newTimeline
WPMWHEATON PRECIOUS METALS 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: 166,319 shares 166,319$19.5M0.29%newTimeline
SNDKSANDISK 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: 271,789 shares; 2025Q4: 79,398 shares 79,398$18.8M0.28%-192,391Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 13,084 shares; 2025Q2: 13,084 shares; 2025Q3: 31,997 shares; 2025Q4: 31,997 shares 31,997$18.5M0.27%0Timeline
HLHECLA MINING COMPANYQuarterly 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: 951,232 shares 951,232$18.3M0.27%newTimeline
CRWVCOREWEAVE 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: 347,947 shares; 2025Q4: 235,468 shares 235,468$16.9M0.25%-112,479Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,502 shares; 2024Q4: 467,429 shares; 2025Q1: not reported; 2025Q2: 106,769 shares; 2025Q3: 98,410 shares; 2025Q4: 62,400 shares 62,400$16.5M0.24%-36,010Timeline
CDECOEUR MNG 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: 912,061 shares 912,061$16.2M0.24%newTimeline
COFCAPITAL ONE FINL 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: 1,458,965 shares; 2025Q3: 1,027,653 shares; 2025Q4: 59,676 shares 59,676$14.5M0.21%-967,977Timeline
AGFIRST MAJESTIC SILVER 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: 867,052 shares 867,052$14.4M0.21%newTimeline
LRCXLAM RESEARCH 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: 78,481 shares 78,481$13.4M0.2%newTimeline
XBISPDR SERIES TRUSTQuarterly 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: 81,960 shares 81,960$9.99M0.15%newTimeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,559 shares; 2024Q4: 24,816 shares; 2025Q1: not reported; 2025Q2: 13,093 shares; 2025Q3: not reported; 2025Q4: 8,950 shares 8,950$9.62M0.14%newTimeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,447 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 32,770 shares; 2025Q4: 26,898 shares 26,898$9.41M0.14%-5,872Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,045 shares; 2025Q2: not reported; 2025Q3: 2,633 shares; 2025Q4: 96,441 shares 96,441$8.99M0.13%+93,808Timeline
AMKRAMKOR TECHNOLOGY 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: 224,972 shares 224,972$8.89M0.13%newTimeline
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 297,901 shares; 2024Q4: 397,513 shares; 2025Q1: 232,156 shares; 2025Q2: 232,156 shares; 2025Q3: 28,473 shares; 2025Q4: 39,902 shares 39,902$7.72M0.11%+11,429Timeline
DRIDARDEN RESTAURANTS 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: 37,616 shares 37,616$6.92M0.1%newTimeline
JNJJOHNSON & JOHNSONQuarterly 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: 27,167 shares 27,167$5.62M0.08%newTimeline
XLBSELECT SECTOR SPDR 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: 111,335 shares 111,335$5.05M0.07%newTimeline
SKYCHAMPION HOMES 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: 46,560 shares 46,560$3.93M0.06%newTimeline
XPXP 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: 231,317 shares 231,317$3.79M0.06%newTimeline
CCLCARNIVAL 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: 96,915 shares 96,915$2.96M0.04%newTimeline
OPTUOPTIMUM COMMUNICATIONS 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: 1,000,000 shares 1,000,000$1.66M0.02%newTimeline
EWWISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,590 shares; 2024Q4: 10,590 shares; 2025Q1: 10,590 shares; 2025Q2: 10,590 shares; 2025Q3: 10,590 shares; 2025Q4: 10,590 shares 10,590$734K0.01%0Timeline
EEMISHARES 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: 18,446 shares; 2025Q4: 7,035 shares 7,035$385K0.01%-11,411Timeline

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
QQQINVESCO QQQ TR COMput15,135,000$9.3B+5,435,000
QQQINVESCO QQQ TR COMcall6,255,000$3.84B+955,000
NVDANVIDIA CORPORATION COMcall3,957,400$738M-360,396
EWZISHARES INC MSCI BRAZIL ETFcall21,500,000$683M+4,300,000
GOOGLALPHABET INC COMput2,000,000$626Mnew
ORCLORACLE CORP COMcall2,056,800$401M+370,000
ORCLORACLE CORP COMput1,656,800$323M-30,000
XLFSELECT SECTOR SPDR TR SHScall4,700,000$257Mnew
IWMISHARES TR SHScall1,000,000$246Mnew
XBISPDR SERIES TRUST S&P BIOTECHcall1,925,000$235M+425,000
AMDADVANCED MICRO DEVICES INC COMcall1,092,000$234M+957,000
MUMICRON TECHNOLOGY INC COMput688,000$196M+525,000
AMDADVANCED MICRO DEVICES INC COMput817,000$175Mnew
NVDANVIDIA CORPORATION COMput850,000$159M-2,550,000
FCXFREEPORT MCMORAN INC Stockcall2,370,000$120Mnew
IBMINTERNATIONAL BUSINESS MACHS COMcall377,700$112Mnew
WMTWALMART INC COMput930,000$104Mnew
WMTWALMART INC COMcall930,000$104Mnew
AVGOBROADCOM INC COMcall240,000$83.1M+150,000
WDCWESTERN DIGITAL CORP COMcall455,000$78.4M0
XLESELECT SECTOR SPDR TR SHSput1,590,000$71.1M+590,000
XLESELECT SECTOR SPDR TR SHScall1,590,000$71.1M+1,215,000
AVGOBROADCOM INC COMput150,000$51.9Mnew
CRWVCOREWEAVE INC COMcall720,000$51.5Mnew
MUMICRON TECHNOLOGY INC COMcall163,000$46.5M0
MSFTMICROSOFT CORP COMcall87,300$42.2M-150,600
MSFTMICROSOFT CORP COMput77,800$37.6M-15,500
BACBANK OF AMER CORP COMcall636,900$35M0
ECHOECHOSTAR CORP CL Acall300,000$32.6M-610,000
BACBANK OF AMER CORP COMput528,900$29.1M-18,000
GSGOLDMAN SACHS GROUP INC COMcall29,000$25.5M0
XLUSELECT SECTOR SPDR TR SHSput500,000$21.3M+250,000
XLUSELECT SECTOR SPDR TR SHScall500,000$21.3M+250,000
MRVLMARVELL TECHNOLOGY INC COMcall222,200$18.9M+50,000
FCXFREEPORT MCMORAN INC Stockput370,000$18.8Mnew
BXBLACKSTONE INC COMcall120,000$18.5M0
STXSEAGATE TECHNOLOGY HLDNGS PL ORD SHSput65,600$18.1M-251,200
LRCXLAM RESEARCH CORP COMcall104,600$17.9M0
CRMSALESFORCE INC COMput62,400$16.5M-33,000
ADBEADOBE INC COMput45,000$15.7M0
MSMORGAN STANLEY COMcall83,600$14.8M0
WDCWESTERN DIGITAL CORP COMput80,000$13.8M-1,000,000
MRVLMARVELL TECHNOLOGY INC COMput155,000$13.2M+30,000
AMATAPPLIED MATLS INC COMcall48,100$12.4M-3,900
RTXRTX CORPORATION COMcall61,500$11.3M0
AXPAMERICAN EXPRESS CO COMput28,500$10.5M0
AXPAMERICAN EXPRESS CO COMcall28,500$10.5M0
CATCATERPILLAR INC COMcall18,400$10.5M0
WFCWELLS FARGO & CO COMput110,900$10.3M0
WFCWELLS FARGO & CO COMcall110,900$10.3M0
AMZNAMAZON COM INC COMcall38,500$8.89M-1,637,000
METAMETA PLATFORMS INC COMput12,500$8.25M-20,000
MSMORGAN STANLEY COMput45,300$8.04M-38,300
METAMETA PLATFORMS INC COMcall10,000$6.6M-129,000
PYPLPAYPAL HLDGS INC STOKcall87,700$5.12M0
JPMJPMORGAN CHASE & CO COMput15,000$4.83M0
JPMJPMORGAN CHASE & CO COMcall15,000$4.83M0
TXNTEXAS INSTRS INC COMcall10,000$1.73M-2,600
AMZNAMAZON COM INC COMput7,000$1.62M-93,500

Principal amounts

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

SecurityTypeAmountValueChange
RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1principal25,000$31.3Mnew
FORTUNA MNG CORPFORTUNA MNG CORP NOTE 3.750% 6/3principal15,000$25.8Mnew
PG&E CORPPG&E CORP NOTE 4.250%12/0principal15,000$15.4M-14,985,000
STRATEGY INCSTRATEGY INC NOTE 2.250% 6/1principal8,500$9.57M-8,491,500
STRATEGY INCSTRATEGY INC NOTE 0.875% 3/1principal6,500$6.75M-6,493,500

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T1,000,000$666Mput
GOOGLALPHABET INC966,000$235Mcall
KRESPDR SERIES TRUST3,100,000$196Mcall
ASHRDBX ETF TR4,900,000$161Mcall
DBDEUTSCHE BK AG4,068,045$144Mcall
HIIHUNTINGTON INGALLS INDS INC363,824$105Mshares
WDCWESTERN DIGITAL CORP870,742$105Mshares
ZBRAZEBRA TECHNOLOGIES CORPORATI276,713$82.2Mshares
NRGNRG ENERGY INC485,919$78.7Mshares
BACBANK OF AMER CORP1,522,204$78.5Mshares
AAPLAPPLE INC250,000$63.6Mcall
RTXRTX CORPORATION374,593$62.7Mshares
CEGCONSTELLATION ENERGY CORP190,440$62.7Mshares
RACEFERRARI N V114,723$55.6Mshares
FXIISHARES TR1,054,967$43.4Mshares
ATIATI INC527,256$42.9Mshares
ETRENTERGY CORP NEW409,793$38.2Mshares
STXSEAGATE TECHNOLOGY HLDNGS PL145,000$34.2Mcall
SOFISOFI TECHNOLOGIES INC1,212,288$32Mshares
DXCMDEXCOM INC400,000$26.9Mput
AFRMAFFIRM HLDGS INC281,840$20.6Mshares
UPSTUPSTART HLDGS INC360,719$18.3Mshares
FLUTFLUTTER ENTMT PLC71,821$18.2Mshares
CRMSALESFORCE INC75,000$17.8Mcall
NKENIKE INC250,000$17.4Mput
TEAMATLASSIAN CORPORATION100,659$16.1Mshares
TEVATEVA PHARMACEUTICAL INDS LTD743,929$15Mshares
NOCNORTHROP GRUMMAN CORP24,146$14.7Mshares
GGALGRUPO FINANCIERO GALICIA S.A489,593$13.5Mshares
PYPLPAYPAL HLDGS INC200,000$13.4Mput
SSENTINELONE INC724,228$12.8Mshares
ALARM COM HLDGS INCALARM COM HLDGS INC12,509,000$12.3Mprincipal
LHXL3HARRIS TECHNOLOGIES INC38,775$11.8Mshares
ETNEATON CORP PLC30,400$11.4Mput
ETNEATON CORP PLC30,400$11.4Mcall
AMATAPPLIED MATLS INC52,000$10.6Mput
NOWSERVICENOW INC11,183$10.3Mshares
RTXRTX CORPORATION61,500$10.3Mput
BLOOM ENERGY CORPBLOOM ENERGY CORP2,500,000$10.2Mprincipal
CATCATERPILLAR INC18,400$8.78Mput
GEOGEO GROUP INC425,000$8.71Mcall
PYPLPAYPAL HLDGS INC118,499$7.95Mshares
GDGENERAL DYNAMICS CORP20,995$7.16Mshares
GEOGEO GROUP INC318,038$6.52Mshares
PANWPALO ALTO NETWORKS INC30,000$6.11Mput
PANWPALO ALTO NETWORKS INC30,000$6.11Mcall
ASHRDBX ETF TR174,863$5.76Mshares
SNOWSNOWFLAKE INC24,465$5.52Mshares
NETCLOUDFLARE INC23,523$5.05Mshares
GMEGAMESTOP CORP154,000$4.2Mput
TROXTRONOX HOLDINGS PLC1,000,000$4.01Mshares
NEENEXTERA ENERGY INC45,400$3.43Mput
NEENEXTERA ENERGY INC45,400$3.43Mcall
WDAYWORKDAY INC10,659$2.57Mshares
TXNTEXAS INSTRS INC12,600$2.32Mput
TXNTEXAS INSTRS INC4,803$882Kshares
DXCMDEXCOM INC9,591$645Kshares
PANWPALO ALTO NETWORKS INC141$28.7Kshares
NEENEXTERA ENERGY INC333$25.1Kshares

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 0001666335-26-000002 base2026-02-13acceptance time not in the bulk data set