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Taconic Capital Advisors LP

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13F filer, CIK 1390113, NEW YORK, NY

Taconic Capital Advisors LP reported $352,310,453 across 27 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 89.71% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001390113-26-000001

Period
2025-12-31
Reported value
$352M
Holdings
27
Top 10 weight
89.71%
New
13
Sold out
23

Part of the filer group Taconic Capital Advisors LP

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EXASnew+347,864$35.3M
TGNAnew+1,344,750$26.1M
CFLTnew+714,187$21.6M
HOLXadded+287,262$21.4M
SUNCnew+107,747$5.31M

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
Kexited-449,762-$36.9M
INTERPUBLIC GROUP COSexited-1,279,463-$35.7M
VERONA PHARMA PLCexited-232,930-$24.9M
MR COOPER GROUP INCexited-114,900-$24.2M
FYBRexited-381,865-$14.3M

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 0001390113-26-000001, largest first. % of portfolio is the value over $271,073,473, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VTOLBRISTOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,047,027 shares; 2024Q4: 1,097,927 shares; 2025Q1: 1,251,073 shares; 2025Q2: 1,331,073 shares; 2025Q3: 1,322,560 shares; 2025Q4: 1,297,674 shares 1,297,674$47.5M17.53%-24,886The filing omitted confidential holdings, a later amendment may add them.Timeline
EXASEXACT SCIENCES 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: 347,864 shares 347,864$35.3M13.03%newTimeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAELQuarterly 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: 89,754 shares; 2025Q4: 71,333 shares 71,333$31.8M11.74%-18,421
TGNATEGNA 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: 1,344,750 shares 1,344,750$26.1M9.63%newTimeline
HOLXHOLOGIC 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: 44,200 shares; 2025Q3: 32,673 shares; 2025Q4: 319,935 shares 319,935$23.8M8.79%+287,262Timeline
CBLCBL & ASSOC PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,691 shares; 2024Q4: 399,352 shares; 2025Q1: 550,000 shares; 2025Q2: 595,300 shares; 2025Q3: 620,190 shares; 2025Q4: 595,701 shares 595,701$22M8.13%-24,489The filing omitted confidential holdings, a later amendment may add them.Timeline
CFLTCONFLUENT INC-CLASS 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: not reported; 2025Q3: not reported; 2025Q4: 714,187 shares 714,187$21.6M7.97%newTimeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 25,000 shares; 2025Q1: not reported; 2025Q2: 281,590 shares; 2025Q3: 243,590 shares; 2025Q4: 164,915 shares 164,915$17.9M6.61%-78,675The filing omitted confidential holdings, a later amendment may add them.Timeline
GNLGLOBAL NET LEASE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,000,000 shares; 2025Q1: 2,106,972 shares; 2025Q2: 2,081,972 shares; 2025Q3: 2,176,972 shares; 2025Q4: 1,255,986 shares 1,255,986$10.8M3.98%-920,986The filing omitted confidential holdings, a later amendment may add them.Timeline
VSATVIASAT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 247,763 shares; 2025Q2: 107,763 shares; 2025Q3: 140,000 shares; 2025Q4: 180,000 shares 180,000$6.2M2.29%+40,000The filing omitted confidential holdings, a later amendment may add them.Timeline
HOUSANYWHERE REAL ESTATE 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: 800,000 shares; 2025Q4: 412,400 shares 412,400$5.84M2.15%-387,600The filing omitted confidential holdings, a later amendment may add them.Timeline
SUNCSUNOCOCORP LLCQuarterly 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: 107,747 shares 107,747$5.31M1.96%newTimeline
QCOMQUALCOMM 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: 22,909 shares 22,909$3.92M1.45%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
UNFUNIFIRST CORP MASSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 13,500 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 17,886 shares 17,886$3.45M1.27%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
THSTREEHOUSE FOODS 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: 122,000 shares 122,000$2.88M1.06%newTimeline
SSTKSHUTTERSTOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 63,931 shares; 2025Q2: 81,983 shares; 2025Q3: 26,445 shares; 2025Q4: 118,801 shares 118,801$2.27M0.84%+92,356Timeline
EFXTENERFLEX LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,771,800 shares; 2024Q4: 1,711,800 shares; 2025Q1: 1,934,900 shares; 2025Q2: 1,764,900 shares; 2025Q3: 245,331 shares; 2025Q4: 125,531 shares 125,531$1.94M0.71%-119,800The filing omitted confidential holdings, a later amendment may add them.Timeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 950,000 shares; 2024Q4: 1,325,000 shares; 2025Q1: 1,575,000 shares; 2025Q2: 1,225,000 shares; 2025Q3: 1,039,463 shares; 2025Q4: 662,759 shares 662,759$1.09M0.4%-376,704The filing omitted confidential holdings, a later amendment may add them.Timeline
PTGXPROTAGONIST 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: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 5,000 shares 5,000$437K0.16%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
MRVLMARVELL 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: 5,000 shares 5,000$425K0.16%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
CODICOMPASS DIVERSIFIEDQuarterly 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: 70,000 shares 70,000$336K0.12%newThe filing omitted confidential holdings, a later amendment may add them.Timeline
00Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 990,000 shares; 2024Q4: 990,000 shares; 2025Q1: 990,000 shares; 2025Q2: 990,000 shares; 2025Q3: 990,000 shares; 2025Q4: 990,000 shares 990,000$10.4K<0.01%0The filing omitted confidential holdings, a later amendment may add them.

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
ISHARES TRISHARES TR PUTput185,000$45.5M-15,000
STATE STR SPDR S&P 500 ETF TSTATE STR SPDR S&P 500 ETF T PUTput26,500$18.1M+6,500
KIMBERLY-CLARK CORPKIMBERLY-CLARK CORP CALLcall100,000$10.1Mnew
PROTAGONIST THERAPEUTICS INCPROTAGONIST THERAPEUTICS INC COMcall50,000$4.37Mnew
SKYWORKS SOLUTIONS INCSKYWORKS SOLUTIONS INC COMcall50,000$3.17Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
KELLOGG COKELLOGG CO500,200$41Mput
KKELLANOVA449,762$36.9Mshares
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS1,279,463$35.7Mshares
VERONA PHARMA PLCVERONA PHARMA PLC232,930$24.9Mshares
MR COOPER GROUP INCMR COOPER GROUP INC114,900$24.2Mshares
FYBRFRONTIER COMMUNICATIONS PARE381,865$14.3Mshares
MERUS N VMERUS N V145,000$13.7Mshares
ROCKET COS INCROCKET COS INC351,700$6.82Mcall
BABOEING CO27,000$5.83Mshares
TECK RESOURCES LTDTECK RESOURCES LTD100,000$4.39Mput
PALO ALTO NETWORKS INCPALO ALTO NETWORKS INC20,000$4.07Mcall
CORZCORE SCIENTIFIC INC NEW221,003$3.96Mshares
CSX CORPCSX CORP100,000$3.55Mcall
KENVUE INCKENVUE INC200,000$3.25Mcall
PFGCPERFORMANCE FOOD GROUP CO30,000$3.12Mshares
CSXCSX CORP80,000$2.84Mshares
KEURIG DR PEPPER INCKEURIG DR PEPPER INC100,000$2.55Mcall
NTRSNORTHERN TR CORP15,004$2.02Mshares
ETENERGY TRANSFER L P100,000$1.72Mshares
KVUEKENVUE INC90,615$1.47Mshares
Surmodics IncSurmodics Inc6,741$201Kshares
SLDPWSOLID POWER INC147,808$61.4Kshares
OMCOMNICOM GROUP INC0$0shares

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 0001390113-26-000001 base2026-02-17acceptance time not in the bulk data set
13F-HR/A 0001390113-26-000010 addednew holdings2026-05-15acceptance time not in the bulk data set