OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)

CHICAGO, IL

$3.6bn in 194 US stocks at the end of 31 December 2025. The top 10 are 74.0% of the money. It changed about 61.7% of the portfolio this quarter.

Value

$3.6bn

Stocks

194

Top 10 share

74.0%

Turnover

61.7%

What changed this quarter

New

Bought for the first time this quarter.

ComericaCMA
8.1% of the fund
Ceridian HCM Hldg
7.9% of the fund
Avidity Biosciences
7.5% of the fund
Hologic
5.4% of the fund
Exact Sciences
5.1% of the fund
Cadence Bank
3.5% of the fund
Confluent
3.4% of the fund
Klarna GroupKLAR
2.0% of the fund
Cidara Therapeutics
2.0% of the fund
Sealed Air Corp New
1.4% of the fund
Synovus Finl
1.0% of the fund
Amicus Therapeutics
0.4% of the fund
CRH PublicCRH
0.4% of the fund
Parker-HannifinPH
0.4% of the fund
Waste ManagementWM
0.4% of the fund
Ishares TRIWM
0.4% of the fund
BoeingBA
0.3% of the fund
Talen EnergyTLN
0.3% of the fund
NextEra EnergyNEE
0.2% of the fund
Palo Alto NetworksPANW
0.2% of the fund
AlphabetGOOGL
0.2% of the fund
Hillenbrand
0.2% of the fund
Knight-Swift Transportation HoldingsKNX
0.2% of the fund
TE ConnectivityTEL
0.2% of the fund
Futu HldgsFUTU
0.2% of the fund

Added

Bought more of a stock they already held.

Cyberark Software
13.0% of the fund
+5%
Chart Inds
10.7% of the fund
+44%
Frontier Communications Pare
7.4% of the fund
+17%
Air Lease
5.5% of the fund
+272%
BroadcomAVGO
0.8% of the fund
+892%
MattelMAT
0.5% of the fund
+3%
American Electric PowerAEP
0.4% of the fund
+210%
ToastTOST
0.2% of the fund
+150%
TeslaTSLA
0.2% of the fund
+15%
Axalta Coating SystemsAXTA
0.1% of the fund
+65%
CoherentCOHR
0.1% of the fund
+27%
Vertiv HoldingsVRT
0.1% of the fund
+3%
TKO Group HoldingsTKO
<0.1% of the fund
+150%
SharkNinjaSN
<0.1% of the fund
+14%
MascoMAS
<0.1% of the fund
+138%

Cut

Sold some of their stake.

NvidiaNVDA
0.5% of the fund
-48%
Alliant EnergyLNT
0.4% of the fund
-26%
B2goldBTG
0.2% of the fund
-10%
Plymouth Indl Reit INC.comPLYM
0.2% of the fund
-46%
MercadoLibreMELI
0.1% of the fund
-62%
Live Nation EntertainmentLYV
0.1% of the fund
-49%
Gores Holdings XGTEN
0.1% of the fund
-14%
EntergyETR
0.1% of the fund
-77%
United RentalsURI
0.1% of the fund
-38%
Howmet AerospaceHWM
0.1% of the fund
-20%
Delta Air LinesDAL
0.1% of the fund
-49%
SynopsysSNPS
0.1% of the fund
-57%
IntelINTC
0.1% of the fund
-22%
PDD HoldingsPDD
<0.1% of the fund
-34%
Newhold Invt Corp III
<0.1% of the fund
-13%
AmphenolAPH
<0.1% of the fund
-56%
C. H. Robinson WorldwideCHRW
<0.1% of the fund
-75%
GP-Act III AcquisitionGPAT
<0.1% of the fund
-29%
Bold Eagle AcquisitionBEAG
<0.1% of the fund
-56%
Churchill Capital Corp IX
<0.1% of the fund
-20%
Cantor Equity Partners IVCEPF
<0.1% of the fund
-42%
Mountain Lake Acquisition
<0.1% of the fund
-40%
Tower SemiconductorTSEM
<0.1% of the fund
-67%
ACM ResearchACMR
<0.1% of the fund
-55%
Gen DigitalGENVR
<0.1% of the fund
-8%

Sold out

Sold their entire stake.

Verona Pharma
-100%
Kellogg
-100%
MR Cooper Group
-100%
Interpublic Group COS
-100%
Informatica
-100%
Spirit Aerosystems Hldgs
-100%
Merus N V
-100%
Elme CommunitiesELME
-100%
Electronic ArtsEA
-100%
Sapiens Intl Corp N V SHS
-100%
Southern CompanySO
-100%
Waste ConnectionsWCN
-100%
Itau Unibanco Hldg S AITUB
-100%
EmbraerEMBJ
-100%
Occidental PetroleumOXY
-100%
Joint Stock Co Kaspi.kzKSPI
-100%
Clean HarborsCLH
-100%
nVent ElectricNVT
-100%
Air Products & ChemicalsAPD
-100%
NRG EnergyNRG
-100%
VistraVST
-100%
PentairPNR
-100%
Pony AIPONY
-100%
Coinbase GlobalCOIN
-100%
Hub GroupHUBG
-100%

Holdings

Cyberark Software
Share
13.0%
Value
$464m
Shares
1,040,571
+5%
Chart Inds
Share
10.7%
Value
$380m
Shares
1,843,737
+44%
ComericaCMA
Share
8.1%
Value
$288m
Shares
3,311,960
New
Ceridian HCM Hldg
Share
7.9%
Value
$283m
Shares
4,096,708
New
Avidity Biosciences
Share
7.5%
Value
$268m
Shares
3,716,597
New
Frontier Communications Pare
Share
7.4%
Value
$263m
Shares
6,901,367
+17%
Air Lease
Share
5.5%
Value
$195m
Shares
3,039,453
+272%
Hologic
Share
5.4%
Value
$194m
Shares
2,605,031
New
Exact Sciences
Share
5.1%
Value
$181m
Shares
1,779,212
New
Cadence Bank
Share
3.5%
Value
$125m
Shares
2,916,809
New
Confluent
Share
3.4%
Value
$120m
Shares
3,970,660
New
Klarna GroupKLAR
Share
2.0%
Value
$72m
Shares
2,501,675
New
Cidara Therapeutics
Share
2.0%
Value
$70m
Shares
315,474
New
Sealed Air Corp New
Share
1.4%
Value
$50m
Shares
1,195,854
New
Synovus Finl
Share
1.0%
Value
$35m
Shares
699,181
New
BroadcomAVGO
Share
0.8%
Value
$27m
Shares
78,896
+892%
MattelMAT
Share
0.5%
Value
$19m
Shares
973,829
+3%
NvidiaNVDA
Share
0.5%
Value
$18m
Shares
97,116
-48%
American Electric PowerAEP
Share
0.4%
Value
$15m
Shares
130,250
+210%
Centerpoint EnergyCNP
Share
0.4%
Value
$15m
Shares
381,495
Held
Alliant EnergyLNT
Share
0.4%
Value
$15m
Shares
224,205
-26%
Amicus Therapeutics
Share
0.4%
Value
$14m
Shares
1,000,000
New
CRH PublicCRH
Share
0.4%
Value
$14m
Shares
109,645
New
Parker-HannifinPH
Share
0.4%
Value
$14m
Shares
15,460
New
Waste ManagementWM
Share
0.4%
Value
$14m
Shares
61,675
New
Ishares TRIWM
Share
0.4%
Value
$13m
Shares
52,000
New
BoeingBA
Share
0.3%
Value
$11m
Shares
51,535
New
CrocsCROX
Share
0.3%
Value
$11m
Shares
124,000
Held
Talen EnergyTLN
Share
0.3%
Value
$10m
Shares
26,225
New
NextEra EnergyNEE
Share
0.2%
Value
$9m
Shares
109,300
New
B2goldBTG
Share
0.2%
Value
$8m
Shares
1,842,462
-10%
Palo Alto NetworksPANW
Share
0.2%
Value
$8m
Shares
45,000
New
AlphabetGOOGL
Share
0.2%
Value
$8m
Shares
25,010
New
Plymouth Indl Reit INC.comPLYM
Share
0.2%
Value
$8m
Shares
350,677
-46%
Hillenbrand
Share
0.2%
Value
$8m
Shares
239,227
New
JENA ACQUISITION Corp IIJENA
Share
0.2%
Value
$7m
Shares
700,000
Held
ToastTOST
Share
0.2%
Value
$7m
Shares
200,000
+150%
Knight-Swift Transportation HoldingsKNX
Share
0.2%
Value
$7m
Shares
133,935
New
TeslaTSLA
Share
0.2%
Value
$6m
Shares
13,617
+15%
TE ConnectivityTEL
Share
0.2%
Value
$6m
Shares
26,355
New
Futu HldgsFUTU
Share
0.2%
Value
$6m
Shares
36,021
New
United Airlines HoldingsUAL
Share
0.2%
Value
$6m
Shares
50,000
New
SaiaSAIA
Share
0.1%
Value
$5m
Shares
15,840
New
EGH AcquisitionEGHA
Share
0.1%
Value
$5m
Shares
500,000
Held
MercadoLibreMELI
Share
0.1%
Value
$5m
Shares
2,500
-62%
FlowserveFLS
Share
0.1%
Value
$5m
Shares
72,341
New
Honeywell InternationalHON
Share
0.1%
Value
$5m
Shares
25,712
New
Live Nation EntertainmentLYV
Share
0.1%
Value
$5m
Shares
34,200
-49%
Gores Holdings XGTEN
Share
0.1%
Value
$5m
Shares
474,941
-14%
Cantor Equity Partners VCEPV
Share
0.1%
Value
$5m
Shares
450,000
New
Axalta Coating SystemsAXTA
Share
0.1%
Value
$5m
Shares
140,600
+65%
EntergyETR
Share
0.1%
Value
$5m
Shares
48,830
-77%
United RentalsURI
Share
0.1%
Value
$4m
Shares
5,400
-38%
Agriculture & NAT SOL ACQ
Share
0.1%
Value
$4m
Shares
384,160
Held
Booking HoldingsBKNG
Share
0.1%
Value
$4m
Shares
800
New
Constellation EnergyCEG
Share
0.1%
Value
$4m
Shares
12,100
New
Howmet AerospaceHWM
Share
0.1%
Value
$4m
Shares
20,000
-20%
Delta Air LinesDAL
Share
0.1%
Value
$4m
Shares
58,731
-49%
Trailblazer AcquisitionBLZR
Share
0.1%
Value
$4m
Shares
400,000
New
SynopsysSNPS
Share
0.1%
Value
$4m
Shares
8,000
-57%
CoherentCOHR
Share
0.1%
Value
$4m
Shares
20,257
+27%
IntelINTC
Share
0.1%
Value
$4m
Shares
100,000
-22%
Vertiv HoldingsVRT
Share
0.1%
Value
$4m
Shares
22,057
+3%
PDD HoldingsPDD
Share
<0.1%
Value
$4m
Shares
31,107
-34%
Newhold Invt Corp III
Share
<0.1%
Value
$3m
Shares
324,604
-13%
TeamsharesTMS
Share
<0.1%
Value
$3m
Shares
324,923
Held
Oaktree Acquisition Corp. III Life SciencesOACC
Share
<0.1%
Value
$3m
Shares
300,000
Held
TKO Group HoldingsTKO
Share
<0.1%
Value
$3m
Shares
15,000
+150%
General Fusion GroupGFUZ
Share
<0.1%
Value
$3m
Shares
300,000
New
Norwegian Cruise Line HoldingsNCLH
Share
<0.1%
Value
$3m
Shares
135,000
Held
AmphenolAPH
Share
<0.1%
Value
$3m
Shares
22,110
-56%
First SolarFSLR
Share
<0.1%
Value
$3m
Shares
11,300
New
C. H. Robinson WorldwideCHRW
Share
<0.1%
Value
$3m
Shares
18,170
-75%
Accel EntertainmentACEL
Share
<0.1%
Value
$3m
Shares
246,728
Held
GP-Act III AcquisitionGPAT
Share
<0.1%
Value
$3m
Shares
250,000
-29%
AA Mission AcquisitionAAM
Share
<0.1%
Value
$3m
Shares
250,000
Held
Stellar V Capital Corp. (Cayman Islands)SVCC
Share
<0.1%
Value
$3m
Shares
250,000
Held
Blue Water Acquisition Corp. IIIBLUW
Share
<0.1%
Value
$3m
Shares
250,000
Held
Factorial EnergyFAC
Share
<0.1%
Value
$3m
Shares
250,000
Held
New Providence Acquisition Corp. III/CaymanNPAC
Share
<0.1%
Value
$3m
Shares
250,000
Held
PfizerPFE
Share
<0.1%
Value
$3m
Shares
102,623
New
Collective AcquisitionCCAQ
Share
<0.1%
Value
$3m
Shares
250,000
Held
Presidio ProductionFTW
Share
<0.1%
Value
$3m
Shares
242,175
Held
Thayer Ventures Acquisition Corp IITVAI
Share
<0.1%
Value
$3m
Shares
250,000
Held
Talon CapitalTLNC
Share
<0.1%
Value
$3m
Shares
250,000
New
Oxley Bridge AcquisitionOBA
Share
<0.1%
Value
$3m
Shares
250,000
Held
Pioneer Acquisition IPACH
Share
<0.1%
Value
$3m
Shares
250,000
Held
Solarius Capital AcquisitionSOCA
Share
<0.1%
Value
$3m
Shares
250,000
Held
GE VernovaGEV
Share
<0.1%
Value
$3m
Shares
3,834
New
M3-Brigade Acquisition VIMBVI
Share
<0.1%
Value
$3m
Shares
250,000
New
Highview MergerHVMC
Share
<0.1%
Value
$3m
Shares
250,000
New
CSLM Digital Asset Acquisition Corp IIIKOYN
Share
<0.1%
Value
$2m
Shares
250,000
Held
Bold Eagle AcquisitionBEAG
Share
<0.1%
Value
$2m
Shares
219,217
-56%
TJX CompaniesTJX
Share
<0.1%
Value
$2m
Shares
15,000
New
Range Capital Acquisition Corp IIRNGT
Share
<0.1%
Value
$2m
Shares
225,000
New
ASML Holding NVASML
Share
<0.1%
Value
$2m
Shares
2,000
New
Westinghouse Air Brake TechnologiesWAB
Share
<0.1%
Value
$2m
Shares
10,000
New
Churchill Capital Corp IX
Share
<0.1%
Value
$2m
Shares
199,274
-20%
Archimedes Tech SPAC Partners IIATII
Share
<0.1%
Value
$2m
Shares
200,000
Held
Gesher Acquisition Corp. IIGSHR
Share
<0.1%
Value
$2m
Shares
200,000
Held

Company	Share of fund	Value	Shares	Change
Cyberark Software	13.0%	$464m	1,040,571	+5%
Chart Inds	10.7%	$380m	1,843,737	+44%
ComericaCMA	8.1%	$288m	3,311,960	New
Ceridian HCM Hldg	7.9%	$283m	4,096,708	New
Avidity Biosciences	7.5%	$268m	3,716,597	New
Frontier Communications Pare	7.4%	$263m	6,901,367	+17%
Air Lease	5.5%	$195m	3,039,453	+272%
Hologic	5.4%	$194m	2,605,031	New
Exact Sciences	5.1%	$181m	1,779,212	New
Cadence Bank	3.5%	$125m	2,916,809	New
Confluent	3.4%	$120m	3,970,660	New
Klarna GroupKLAR	2.0%	$72m	2,501,675	New
Cidara Therapeutics	2.0%	$70m	315,474	New
Sealed Air Corp New	1.4%	$50m	1,195,854	New
Synovus Finl	1.0%	$35m	699,181	New
BroadcomAVGO	0.8%	$27m	78,896	+892%
MattelMAT	0.5%	$19m	973,829	+3%
NvidiaNVDA	0.5%	$18m	97,116	-48%
American Electric PowerAEP	0.4%	$15m	130,250	+210%
Centerpoint EnergyCNP	0.4%	$15m	381,495	Held
Alliant EnergyLNT	0.4%	$15m	224,205	-26%
Amicus Therapeutics	0.4%	$14m	1,000,000	New
CRH PublicCRH	0.4%	$14m	109,645	New
Parker-HannifinPH	0.4%	$14m	15,460	New
Waste ManagementWM	0.4%	$14m	61,675	New
Ishares TRIWM	0.4%	$13m	52,000	New
BoeingBA	0.3%	$11m	51,535	New
CrocsCROX	0.3%	$11m	124,000	Held
Talen EnergyTLN	0.3%	$10m	26,225	New
NextEra EnergyNEE	0.2%	$9m	109,300	New
B2goldBTG	0.2%	$8m	1,842,462	-10%
Palo Alto NetworksPANW	0.2%	$8m	45,000	New
AlphabetGOOGL	0.2%	$8m	25,010	New
Plymouth Indl Reit INC.comPLYM	0.2%	$8m	350,677	-46%
Hillenbrand	0.2%	$8m	239,227	New
JENA ACQUISITION Corp IIJENA	0.2%	$7m	700,000	Held
ToastTOST	0.2%	$7m	200,000	+150%
Knight-Swift Transportation HoldingsKNX	0.2%	$7m	133,935	New
TeslaTSLA	0.2%	$6m	13,617	+15%
TE ConnectivityTEL	0.2%	$6m	26,355	New
Futu HldgsFUTU	0.2%	$6m	36,021	New
United Airlines HoldingsUAL	0.2%	$6m	50,000	New
SaiaSAIA	0.1%	$5m	15,840	New
EGH AcquisitionEGHA	0.1%	$5m	500,000	Held
MercadoLibreMELI	0.1%	$5m	2,500	-62%
FlowserveFLS	0.1%	$5m	72,341	New
Honeywell InternationalHON	0.1%	$5m	25,712	New
Live Nation EntertainmentLYV	0.1%	$5m	34,200	-49%
Gores Holdings XGTEN	0.1%	$5m	474,941	-14%
Cantor Equity Partners VCEPV	0.1%	$5m	450,000	New
Axalta Coating SystemsAXTA	0.1%	$5m	140,600	+65%
EntergyETR	0.1%	$5m	48,830	-77%
United RentalsURI	0.1%	$4m	5,400	-38%
Agriculture & NAT SOL ACQ	0.1%	$4m	384,160	Held
Booking HoldingsBKNG	0.1%	$4m	800	New
Constellation EnergyCEG	0.1%	$4m	12,100	New
Howmet AerospaceHWM	0.1%	$4m	20,000	-20%
Delta Air LinesDAL	0.1%	$4m	58,731	-49%
Trailblazer AcquisitionBLZR	0.1%	$4m	400,000	New
SynopsysSNPS	0.1%	$4m	8,000	-57%
CoherentCOHR	0.1%	$4m	20,257	+27%
IntelINTC	0.1%	$4m	100,000	-22%
Vertiv HoldingsVRT	0.1%	$4m	22,057	+3%
PDD HoldingsPDD	<0.1%	$4m	31,107	-34%
Newhold Invt Corp III	<0.1%	$3m	324,604	-13%
TeamsharesTMS	<0.1%	$3m	324,923	Held
Oaktree Acquisition Corp. III Life SciencesOACC	<0.1%	$3m	300,000	Held
TKO Group HoldingsTKO	<0.1%	$3m	15,000	+150%
General Fusion GroupGFUZ	<0.1%	$3m	300,000	New
Norwegian Cruise Line HoldingsNCLH	<0.1%	$3m	135,000	Held
AmphenolAPH	<0.1%	$3m	22,110	-56%
First SolarFSLR	<0.1%	$3m	11,300	New
C. H. Robinson WorldwideCHRW	<0.1%	$3m	18,170	-75%
Accel EntertainmentACEL	<0.1%	$3m	246,728	Held
GP-Act III AcquisitionGPAT	<0.1%	$3m	250,000	-29%
AA Mission AcquisitionAAM	<0.1%	$3m	250,000	Held
Stellar V Capital Corp. (Cayman Islands)SVCC	<0.1%	$3m	250,000	Held
Blue Water Acquisition Corp. IIIBLUW	<0.1%	$3m	250,000	Held
Factorial EnergyFAC	<0.1%	$3m	250,000	Held
New Providence Acquisition Corp. III/CaymanNPAC	<0.1%	$3m	250,000	Held
PfizerPFE	<0.1%	$3m	102,623	New
Collective AcquisitionCCAQ	<0.1%	$3m	250,000	Held
Presidio ProductionFTW	<0.1%	$3m	242,175	Held
Thayer Ventures Acquisition Corp IITVAI	<0.1%	$3m	250,000	Held
Talon CapitalTLNC	<0.1%	$3m	250,000	New
Oxley Bridge AcquisitionOBA	<0.1%	$3m	250,000	Held
Pioneer Acquisition IPACH	<0.1%	$3m	250,000	Held
Solarius Capital AcquisitionSOCA	<0.1%	$3m	250,000	Held
GE VernovaGEV	<0.1%	$3m	3,834	New
M3-Brigade Acquisition VIMBVI	<0.1%	$3m	250,000	New
Highview MergerHVMC	<0.1%	$3m	250,000	New
CSLM Digital Asset Acquisition Corp IIIKOYN	<0.1%	$2m	250,000	Held
Bold Eagle AcquisitionBEAG	<0.1%	$2m	219,217	-56%
TJX CompaniesTJX	<0.1%	$2m	15,000	New
Range Capital Acquisition Corp IIRNGT	<0.1%	$2m	225,000	New
ASML Holding NVASML	<0.1%	$2m	2,000	New
Westinghouse Air Brake TechnologiesWAB	<0.1%	$2m	10,000	New
Churchill Capital Corp IX	<0.1%	$2m	199,274	-20%
Archimedes Tech SPAC Partners IIATII	<0.1%	$2m	200,000	Held
Gesher Acquisition Corp. IIGSHR	<0.1%	$2m	200,000	Held

Showing the largest 100 of 194.

Options (36)

Lucid GroupLCID
Type
Put
Value
$4m
Contracts
2,777,800
Hertz Global HoldingsHTZ
Type
Put
Value
$752,450
Contracts
1,194,300
SabreSABR
Type
Put
Value
$705,815
Contracts
688,600
ChemoursCC
Type
Put
Value
$619,080
Contracts
46,900
Harley-DavidsonHOG
Type
Put
Value
$550,000
Contracts
250,000
American Airlines GroupAAL
Type
Put
Value
$534,225
Contracts
5,460,000
Charter CommunicationsCHTR
Type
Put
Value
$509,735
Contracts
21,100
TransoceanRIG
Type
Call
Value
$460,000
Contracts
400,000
Ford MotorF
Type
Put
Value
$447,800
Contracts
900,000
CrocsCROX
Type
Put
Value
$425,250
Contracts
81,000
TransoceanRIG
Type
Put
Value
$188,075
Contracts
483,400
MGM Resorts InternationalMGM
Type
Put
Value
$181,431
Contracts
82,600
ComcastCMCSA
Type
Call
Value
$172,500
Contracts
100,000
Xplr Infrastructure LPXIFR
Type
Put
Value
$163,770
Contracts
20,600
B&G FoodsBGS
Type
Put
Value
$79,520
Contracts
113,600
CalumetCLMT
Type
Put
Value
$50,500
Contracts
175,000
HerbalifeHLF
Type
Put
Value
$32,960
Contracts
82,400
Starwood Property TrustSTWD
Type
Put
Value
$30,188
Contracts
172,500
WisdomTreeWT
Type
Put
Value
$30,000
Contracts
100,000
FirstenergyFE
Type
Put
Value
$26,000
Contracts
26,000
Vornado Realty TrustVNO
Type
Put
Value
$25,125
Contracts
33,500
Cheesecake FactoryCAKE
Type
Put
Value
$21,000
Contracts
20,000
Macy'sM
Type
Put
Value
$18,800
Contracts
80,000
Peloton InteractivePTON
Type
Put
Value
$14,000
Contracts
400,000
Ishares TRIWM
Type
Put
Value
$10,800
Contracts
45,000
Synchrony FinancialSYF
Type
Put
Value
$9,308
Contracts
21,900
Expand EnergyEXE
Type
Call
Value
$8,400
Contracts
20,000
BroadcomAVGO
Type
Call
Value
$6,200
Contracts
40,000
LAS Vegas SandsLVS
Type
Put
Value
$5,931
Contracts
37,200
Norwegian Cruise Line HoldingsNCLH
Type
Put
Value
$5,664
Contracts
188,800
OneMain HoldingsOMF
Type
Put
Value
$5,640
Contracts
34,400
ViasatVSAT
Type
Put
Value
$3,665
Contracts
73,300
DigitalOcean HoldingsDOCN
Type
Put
Value
$3,000
Contracts
15,000
Medical Properties TrustMPT
Type
Put
Value
$1,982
Contracts
396,500
Advance Auto PartsAAP
Type
Put
Value
$1,260
Contracts
12,000
MagniteMGNI
Type
Call
Value
$800
Contracts
32,000

Company	Type	Value	Contracts
Lucid GroupLCID	Put	$4m	2,777,800
Hertz Global HoldingsHTZ	Put	$752,450	1,194,300
SabreSABR	Put	$705,815	688,600
ChemoursCC	Put	$619,080	46,900
Harley-DavidsonHOG	Put	$550,000	250,000
American Airlines GroupAAL	Put	$534,225	5,460,000
Charter CommunicationsCHTR	Put	$509,735	21,100
TransoceanRIG	Call	$460,000	400,000
Ford MotorF	Put	$447,800	900,000
CrocsCROX	Put	$425,250	81,000
TransoceanRIG	Put	$188,075	483,400
MGM Resorts InternationalMGM	Put	$181,431	82,600
ComcastCMCSA	Call	$172,500	100,000
Xplr Infrastructure LPXIFR	Put	$163,770	20,600
B&G FoodsBGS	Put	$79,520	113,600
CalumetCLMT	Put	$50,500	175,000
HerbalifeHLF	Put	$32,960	82,400
Starwood Property TrustSTWD	Put	$30,188	172,500
WisdomTreeWT	Put	$30,000	100,000
FirstenergyFE	Put	$26,000	26,000
Vornado Realty TrustVNO	Put	$25,125	33,500
Cheesecake FactoryCAKE	Put	$21,000	20,000
Macy'sM	Put	$18,800	80,000
Peloton InteractivePTON	Put	$14,000	400,000
Ishares TRIWM	Put	$10,800	45,000
Synchrony FinancialSYF	Put	$9,308	21,900
Expand EnergyEXE	Call	$8,400	20,000
BroadcomAVGO	Call	$6,200	40,000
LAS Vegas SandsLVS	Put	$5,931	37,200
Norwegian Cruise Line HoldingsNCLH	Put	$5,664	188,800
OneMain HoldingsOMF	Put	$5,640	34,400
ViasatVSAT	Put	$3,665	73,300
DigitalOcean HoldingsDOCN	Put	$3,000	15,000
Medical Properties TrustMPT	Put	$1,982	396,500
Advance Auto PartsAAP	Put	$1,260	12,000
MagniteMGNI	Call	$800	32,000

Over time and by industry

Value over time

Jun '25

Dec '25

Value is up 4.5% since 30 June 2025.

Where the money is

Financial services5.4%

Industrials2.7%

Technology2.7%

Utilities2.1%

Retail & consumer1.6%

Materials0.8%

Media & telecom0.6%

Health care0.1%

Energy0.1%

Everyday goods0.1%

Other84.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.