SONA ASSET MANAGEMENT (US) LLC
Follow13F filer, CIK 1856405, NEW YORK, NY
SONA ASSET MANAGEMENT (US) LLC reported $3,342,078,254 across 101 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 55.81% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000905148-25-001742
- Period
- 2025-03-31
- Reported value
- $3.34B
- Holdings
- 101
- Top 10 weight
- 55.81%
- New
- 47
- Sold out
- 39
Part of the filer group SONA ASSET MANAGEMENT (US) LLC
How groups are builtLargest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| LQDnew | +6,042,278 | $657M |
| IEFnew | +850,000 | $81.1M |
| APOLLO GLOBAL MGMT INCadded | +1,000,000 | $73.4M |
| OMCnew | +557,198 | $46.2M |
| VCITnew | +550,000 | $45M |
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 |
|---|---|---|
| Kexited | -698,073 | -$56.5M |
| ARCADIUM LITHIUM PLCexited | -7,080,732 | -$36.3M |
| JAAAexited | -600,000 | -$30.4M |
| SUMMIT MATERIALS INC CLASS Aexited | -600,000 | -$30.4M |
| ALBEMARLE CORPreduced | -710,000 | -$25.7M |
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 0000905148-25-001742, largest first. % of portfolio is the value over $2,630,512,547, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| LQDISHARES TR | 6,042,278 | $657M | 24.97% | new | Timeline | ||
| APOLLO GLOBAL MGMT INCAPOLLO GLOBAL MGMT INC | 1,650,000 | $121M | 4.6% | +1,000,000 | |||
| DISCOVER FINL SVCSDISCOVER FINL SVCS | 501,279 | $85.6M | 3.25% | +250,993 | |||
| IEFISHARES TR | 850,000 | $81.1M | 3.08% | new | Timeline | ||
| HEWLETT PACKARD ENTERPRISE CHEWLETT PACKARD ENTERPRISE C | 1,400,000 | $67.1M | 2.55% | 0 | |||
| OMCOMNICOM GROUP INC | 557,198 | $46.2M | 1.76% | new | Timeline | ||
| VCITVANGUARD SCOTTSDALE FDS | 550,000 | $45M | 1.71% | new | Timeline | ||
| NEENEXTERA ENERGY INC | 900,000 | $43.5M | 1.65% | -475,000 | Timeline | ||
| FYBRFRONTIER COMMUNICATIONS PARE | 927,037 | $33.2M | 1.26% | -547,850 | Timeline | ||
| H&E EQUIPMENT SERVICES INCH&E EQUIPMENT SERVICES INC | 320,849 | $30.4M | 1.16% | new | |||
| ANSYS INCANSYS INC | 93,384 | $29.6M | 1.12% | +8,007 | |||
| AZEK CO INCAZEK CO INC | 598,200 | $29.2M | 1.11% | new | |||
| NEENEXTERA ENERGY INC | 550,000 | $24.9M | 0.95% | 0 | Timeline | ||
| COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR | 1,859,033 | $20.8M | 0.79% | new | |||
| MR COOPER GROUP INCMR COOPER GROUP INC | 165,242 | $19.8M | 0.75% | new | |||
| AMEDISYS INCAMEDISYS INC | 206,220 | $19.1M | 0.73% | new | |||
| ALBEMARLE CORPALBEMARLE CORP | 450,000 | $16.3M | 0.62% | -710,000 | |||
| AALAMERICAN AIRLINES GROUP INC | 1,500,000 | $15.8M | 0.6% | new | Timeline | ||
| EVERI HLDGS INCEVERI HLDGS INC | 1,104,322 | $15.1M | 0.57% | +300,000 | |||
| TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW | 527,386 | $13.4M | 0.51% | new | |||
| OPTUOPTIMUM COMMUNICATIONS INC | 4,400,000 | $11.7M | 0.44% | +500,000 | Timeline | ||
| IHSIHS HOLDING LIMITED | 2,102,674 | $11M | 0.42% | -1,281,602 | Timeline | ||
| BTDRBITDEER TECHNOLOGIES GROUP | 1,202,648 | $10.6M | 0.4% | new | Timeline | ||
| TLTISHARES TR | 115,000 | $10.5M | 0.4% | new | Timeline | ||
| BABAALIBABA GROUP HLDG LTD | 74,186 | $9.81M | 0.37% | +24,186 | Timeline | ||
| GFRGREENFIRE RES LTD NEW | 1,398,855 | $8.21M | 0.31% | 0 | Timeline | ||
| EQTEQT CORP | 150,059 | $8.02M | 0.3% | -187,500 | Timeline | ||
| BLCOBAUSCH PLUS LOMB CORP | 406,267 | $5.89M | 0.22% | new | Timeline | ||
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 152,348 | $5.25M | 0.2% | -144,701 | Timeline | ||
| INTCINTEL CORP | 193,000 | $4.38M | 0.17% | new | Timeline | ||
| UNITI GROUP INCUNITI GROUP INC | 820,548 | $4.14M | 0.16% | -379,452 | |||
| NNNEXTNAV INC | 272,422 | $3.32M | 0.13% | +240,068 | Timeline | ||
| CZRCAESARS ENTERTAINMENT INC NE | 125,000 | $3.12M | 0.12% | -125,000 | Timeline | ||
| BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC | 43,614 | $3.04M | 0.12% | -194,386 | |||
| ARGTGLOBAL X FDS | 37,500 | $3.03M | 0.12% | +12,500 | Timeline | ||
| CCJCAMECO CORP | 70,000 | $2.88M | 0.11% | 0 | Timeline | ||
| DLRDIGITAL RLTY TR INC | 17,600 | $2.52M | 0.1% | -8,300 | Timeline | ||
| EHTHEHEALTH INC | 300,000 | $2M | 0.08% | -146,717 | Timeline | ||
| NETCLOUDFLARE INC | 17,600 | $1.98M | 0.08% | new | Timeline | ||
| TACTRANSALTA CORP | 200,000 | $1.87M | 0.07% | new | Timeline | ||
| DDOGDATADOG INC | 16,500 | $1.64M | 0.06% | new | Timeline | ||
| ECECOPETROL S A | 100,000 | $1.04M | 0.04% | new | Timeline | ||
| VRMVROOM INC | 29,785 | $876K | 0.03% | new | Timeline | ||
| ALRMALARM COM HLDGS INC | 14,300 | $796K | 0.03% | -2,900 | Timeline | ||
| VSHVISHAY INTERTECHNOLOGY INC | 32,300 | $514K | 0.02% | 0 | Timeline | ||
| HTZWWHERTZ GLOBAL HLDGS INC | 200,000 | $452K | 0.02% | 0 | Timeline | ||
| TDSTELEPHONE & DATA SYS INC | 9,398 | $364K | 0.01% | new | Timeline | ||
| THCHTH INTERNATIONAL LIMITED | 100,000 | $293K | 0.01% | new | Timeline | ||
| COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION … | 25,000 | $45K | <0.01% | new | |||
| FISCALNOTE HOLDINGS INCFISCALNOTE HOLDINGS INC | 150,000 | $25.9K | <0.01% | new |
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 |
|---|---|---|---|---|
| QQQINVESCO QQQ TR COM | call | 400,000 | $188M | new |
| HYGISHARES TR IBOXX HI YD ETF | put | 2,000,000 | $158M | -1,150,000 |
| TLTISHARES TR 20 YR TR BD ETF | call | 1,700,000 | $155M | +1,500,000 |
| CWBSPDR SERIES TRUST BBG CONV SEC ETF | put | 847,100 | $64.9M | new |
| TLTISHARES TR 20 YR TR BD ETF | put | 600,000 | $54.6M | -900,000 |
| QQQINVESCO QQQ TR COM | put | 50,000 | $23.4M | new |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COM | call | 375,000 | $15.8M | +250,000 |
| KWEBKRANESHARES TRUST CSI CHI INTERNET | call | 350,000 | $12.2M | new |
| COFCAPITAL ONE FINL CORP COM | call | 50,000 | $8.96M | new |
| BABOEING CO COM | put | 50,000 | $8.53M | new |
| CPRICAPRI HOLDINGS LIMITED SHS | call | 400,000 | $7.89M | +169,100 |
| NNNEXTNAV INC COMMON STOCK | call | 385,000 | $4.69M | +285,000 |
| SCHNITZER STEEL INDUSTRIES …SCHNITZER STEEL INDUSTRIES INC CL A | put | 100,000 | $2.89M | new |
| NVDANVIDIA CORPORATION COM | put | 25,000 | $2.71M | -72,500 |
| TRIPTRIPADVISOR INC COM | call | 120,000 | $1.7M | new |
| SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC COM | call | 27,500 | $1.21M | new |
| AMCOR PLCAMCOR PLC ORD | call | 113,800 | $1.1M | new |
| MIND MEDICINE MINDMED INCMIND MEDICINE MINDMED INC COM NEW | call | 100,000 | $585K | new |
| FiscalNote Holdings IncFiscalNote Holdings Inc Common Stock | call | 200,000 | $162K | new |
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 |
|---|---|---|---|---|
| AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A | principal | 154,000,000 | $147M | new |
| PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0 | principal | 88,335,000 | $87M | +3,500,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.125% 5/0 | principal | 78,500,000 | $78.2M | +41,000,000 |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1 | principal | 67,906,000 | $72.1M | +34,992,000 |
| ZTO EXPRESS CAYMAN INCZTO EXPRESS CAYMAN INC NOTE 1.500% 9/0 | principal | 71,500,000 | $71.9M | +28,000,000 |
| UNITED STATES STL CORPUNITED STATES STL CORP NOTE 5.000%11/0 | principal | 17,635,000 | $55.9M | 0 |
| AMERICAN AIRLINES GROUP INCAMERICAN AIRLINES GROUP INC NOTE 6.500% 7/0 | principal | 53,900,000 | $54M | -23,000,000 |
| SOUTHWEST AIRLS COSOUTHWEST AIRLS CO NOTE 1.250% 5/0 | principal | 51,534,000 | $51.5M | -8,000,000 |
| LUMENTUM HLDGS INCLUMENTUM HLDGS INC NOTE 0.500% 6/1 | principal | 55,363,000 | $51.1M | new |
| ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3 | principal | 45,000,000 | $50.4M | +37,000,000 |
| NCL CORP LTDNCL CORP LTD NOTE 2.500% 2/1 | principal | 50,275,000 | $49.7M | -1,000,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 48,000,000 | $47M | +4,500,000 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 27,500,000 | $33.2M | new |
| WAYFAIR INCWAYFAIR INC Convertible bond | principal | 25,350,000 | $27.2M | +8,350,000 |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 25,000,000 | $25M | new |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 23,230,000 | $20.9M | +8,000,000 |
| Dropbox IncDropbox Inc Convertible bond | principal | 19,000,000 | $18.8M | new |
| CONFLUENT INCCONFLUENT INC NOTE 1/1 | principal | 20,074,000 | $18.6M | new |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 17,000,000 | $17.6M | -8,000,000 |
| THE REALREAL INCTHE REALREAL INC DEBT 4.000% 2/1 | principal | 20,847,000 | $17.5M | new |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 17,500,000 | $17.2M | new |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 14,500,000 | $14.3M | +6,500,000 |
| DRAFTKINGS INC NEWDRAFTKINGS INC NEW CNV | principal | 15,000,000 | $13.1M | 0 |
| FLUOR CORPFLUOR CORP NOTE 1.125% 8/1 | principal | 12,000,000 | $12.8M | new |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1 | principal | 13,250,000 | $12.2M | +2,000,000 |
| ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATION BOND | principal | 7,000,000 | $7.07M | +2,000,000 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/0 | principal | 7,000,000 | $6.16M | -5,250,000 |
| WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1 | principal | 5,000,000 | $4.92M | new |
| WAYFAIR INCWAYFAIR INC NOTE 1.000% 8/1 | principal | 5,000,000 | $4.68M | -49,230,000 |
| NABORS INDS INCNABORS INDS INC NOTE 1.750% 6/1 | principal | 6,105,000 | $4.14M | 0 |
| RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 | principal | 3,000,000 | $2.92M | -4,000,000 |
| NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 | principal | 2,500,000 | $2.89M | 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 |
|---|---|---|---|
| ROYAL CARIBBEAN GROUPROYAL CARIBBEAN GROUP | 47,057,000 | $218M | principal |
| SEA LTDSEA LTD | 85,000,000 | $108M | principal |
| KKELLANOVA | 698,073 | $56.5M | shares |
| DEXCOM INCDEXCOM INC | 60,500,000 | $54.3M | principal |
| BLOCK INCBLOCK INC | 50,286,000 | $50M | principal |
| ACIALBERTSONS COMPANIES INC | 2,125,000 | $41.7M | call |
| IBITISHARES BITCOIN TRUST ETF | 750,000 | $39.8M | put |
| ARCADIUM LITHIUM PLCARCADIUM LITHIUM PLC | 7,080,732 | $36.3M | shares |
| BITDEER TECHNOLOGIES GROUPBITDEER TECHNOLOGIES GROUP | 12,335,000 | $33.4M | principal |
| JAAAJANUS DETROIT STR TR | 600,000 | $30.4M | shares |
| SUMMIT MATERIALS INC CLASS ASUMMIT MATERIALS INC CLASS A | 600,000 | $30.4M | shares |
| EEMISHARES TR | 608,600 | $25.5M | call |
| THE REALREAL INCTHE REALREAL INC | 32,058,000 | $24.6M | principal |
| BACBANK OF AMER CORP | 500,000 | $22M | put |
| TECHTARGET INCTECHTARGET INC | 22,000,000 | $21.9M | principal |
| INTCINTEL CORP | 850,000 | $17M | call |
| EXPEDIA GROUP INCEXPEDIA GROUP INC | 15,096,000 | $15M | principal |
| PEABODY ENGR CORPPEABODY ENGR CORP | 10,000,000 | $12.7M | principal |
| ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC | 35,631 | $8.89M | shares |
| WOLFSPEED INCWOLFSPEED INC | 10,000,000 | $8.86M | principal |
| INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS | 307,400 | $8.61M | shares |
| FXIISHARES TR | 275,000 | $8.37M | call |
| ALEALLETE INC | 121,753 | $7.89M | shares |
| VISNVISTANCE NETWORKS INC | 1,364,443 | $7.11M | shares |
| CAVACAVA GROUP INC | 60,000 | $6.77M | put |
| FXIISHARES TR | 150,000 | $4.57M | shares |
| BABAALIBABA GROUP HLDG LTD | 45,000 | $3.82M | call |
| MSTRSTRATEGY INC | 13,100 | $3.79M | put |
| SHIFT4 PMTS INCSHIFT4 PMTS INC | 3,500,000 | $3.79M | principal |
| SLQTSELECTQUOTE INC | 765,191 | $2.85M | shares |
| WULFTERAWULF INC | 500,000 | $2.83M | shares |
| CNXCCONCENTRIX CORP | 62,500 | $2.7M | call |
| VALEVALE S A | 250,000 | $2.22M | call |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 50,000 | $1.7M | put |
| NBISNEBIUS GROUP N.V. | 40,000 | $1.11M | shares |
| EXPEEXPEDIA GROUP INC | 4,200 | $783K | shares |
| ModivCare IncModivCare Inc | 65,000 | $770K | shares |
| ARCADIUM LITHIUM PLCARCADIUM LITHIUM PLC | 129,300 | $663K | put |
| TH INTERNATIONAL LIMITEDTH INTERNATIONAL LIMITED | 500,000 | $355K | 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 0000905148-25-001742 | base | 2025-05-15 | acceptance time not in the bulk data set |