Skaana Management L.P.

BROOKLYN, NY

$261m in 70 US stocks at the end of 30 June 2026. The top 10 are 86.5% of the money. It changed about 43.3% of the portfolio this quarter.

Value

$261m

Stocks

Top 10 share

86.5%

Turnover

43.3%

What changed this quarter

New

Bought for the first time this quarter.

Super Micro Computer
5.0% of the fund
Alphabet
4.8% of the fund
Alphabet
2.7% of the fund
QXO
1.1% of the fund
Gorilla Technology GroupGRRR
0.8% of the fund
PCT 7 Perp
0.5% of the fund
Bitdeer Technologies GroupBTDR
0.3% of the fund
CloudflareNET
0.2% of the fund
Oxford Lane Capital
0.2% of the fund
State STR Spdr S&P 500 ETF TSPY
0.1% of the fund
Voyager TechnologiesVOYG
0.1% of the fund
Ormat TechnologiesORA
<0.1% of the fund
Borr DrillingBORR
<0.1% of the fund
Keel InfrastructureKEEL
<0.1% of the fund
Critical MetalsCRMLW
<0.1% of the fund
Rigetti ComputingRGTI
<0.1% of the fund
Pagaya TechnologiesPGY
<0.1% of the fund
Caledonia MiningCMCL
<0.1% of the fund
HIVE Digital TechnologiesHIVE
<0.1% of the fund
Twenty One CapitalXXI
<0.1% of the fund
Critical MetalsCRML
<0.1% of the fund
VisionWave HoldingsVWAV
<0.1% of the fund
Opendoor TechnologiesOPEN
<0.1% of the fund
Canopy GrowthCGC
<0.1% of the fund
Wts/cgc 1.3000 Exp01/08/2031
0.0% of the fund

Added

Bought more of a stock they already held.

Core Scientific INC NewCORZW
47.8% of the fund
+15%
Shift4 Pmts
7.7% of the fund
+91%
Bruker
4.7% of the fund
+181%
Whirlpool
4.1% of the fund
+1271%
Hewlett Packard Enterprise C
3.8% of the fund
+226%
Oracle
2.2% of the fund
+349%
Pg&e
1.5% of the fund
+29%
EPR Pptys
1.3% of the fund
+119%
EPR Pptys
0.9% of the fund
+416%
Visionwave HoldingsVWAVW
<0.1% of the fund
+23%
Core Scientific INC NewCORZZ
<0.1% of the fund
+144%

Cut

Sold some of their stake.

Bank of Amer
3.6% of the fund
-14%
Occidental PeteOXY-WS
1.6% of the fund
-67%
Albemarle
1.4% of the fund
-58%
AST SpaceMobileASTS
1.3% of the fund
-34%
WebullBULLW
0.9% of the fund
-7%
Eos Energy EnterprisesEOSE
0.1% of the fund
-5%
PureCycle TechnologiesPCT
<0.1% of the fund
-84%
Livewire GroupLVWR-WS
<0.1% of the fund
-7%
Opendoor TechnologiesOPENL
<0.1% of the fund
-86%
PSQ HoldingsPSQH-WS
<0.1% of the fund
-97%

Sold out

Sold their entire stake.

Centerpoint Energy INC Conv PFD Taxbl
-100%
KKR
-100%
Novanta
-100%
Planet Labs PBCPL
-100%
MARA HoldingsMARA
-100%
Boeing
-100%
Akamai TechnologiesAKAM
-100%
Apollo Global Mgmt
-100%
Rigetti ComputingRGTIW
-100%
VSE
-100%
A Spac II Acquisition RTSASCRF
-100%
Wts/callon Petroleum Company 10.0000 Exp12/29/2010
-100%
Wts/celsion Corp 5.2400 Exp03/30/2015
-100%
Wts/celsion Corporation 2.7700 Exp12/02/2017
-100%
Celsion Corp 2.3600 Exp12/06/2016
-100%
Wts/discovery Labs Inc. 2.8000 Exp02/22/2016
-100%
Wts/fibrocell Science Inc. 0.3000 Exp05/24/2017
-100%
Wts/hecla Mining Company 2.4500 Exp06/09/2014
-100%
Wts/icoreconnect Inc. Exp08/21/2028
-100%
Lehman Brothers Holdings Inc. Conv PFD 5.2500 03/06/2032
-100%
Lightning Emotors INC 11.5000exp05/18/2025
-100%
MF Global Holdings LTD Conv PFD Priv Pl/144a Series B
-100%
Wts/selina Hospitality PLC Exp01/01/2059
-100%
Uphealth INC 11.5000exp07/01/2024
-100%
Wts/xoma Corporation 1.7600 Exp03/09/2017
-100%

Holdings

Core Scientific INC NewCORZW
Share
47.8%
Value
$125m
Shares
6,636,671
+15%
Shift4 Pmts
Share
7.7%
Value
$20m
Shares
330,944
+91%
Super Micro Computer
Share
5.0%
Value
$13m
Shares
255,049
New
Alphabet
Share
4.8%
Value
$13m
Shares
253,015
New
Bruker
Share
4.7%
Value
$12m
Shares
27,884
+181%
Whirlpool
Share
4.1%
Value
$11m
Shares
312,807
+1271%
Hewlett Packard Enterprise C
Share
3.8%
Value
$10m
Shares
85,855
+226%
Bank of Amer
Share
3.6%
Value
$9m
Shares
7,592
-14%
Alphabet
Share
2.7%
Value
$7m
Shares
142,602
New
Oracle
Share
2.2%
Value
$6m
Shares
127,296
+349%
Occidental PeteOXY-WS
Share
1.6%
Value
$4m
Shares
153,032
-67%
Pg&e
Share
1.5%
Value
$4m
Shares
94,040
+29%
Albemarle
Share
1.4%
Value
$4m
Shares
65,444
-58%
EPR Pptys
Share
1.3%
Value
$3m
Shares
102,498
+119%
AST SpaceMobileASTS
Share
1.3%
Value
$3m
Shares
36,998
-34%
QXO
Share
1.1%
Value
$3m
Shares
58,497
New
EPR Pptys
Share
0.9%
Value
$2m
Shares
93,871
+416%
WebullBULLW
Share
0.9%
Value
$2m
Shares
1,160,183
-7%
Gorilla Technology GroupGRRR
Share
0.8%
Value
$2m
Shares
99,784
New
BigBear.ai HoldingsBBAI
Share
0.6%
Value
$1m
Shares
408,222
Held
PCT 7 Perp
Share
0.5%
Value
$1m
Shares
2,000
New
Bitdeer Technologies GroupBTDR
Share
0.3%
Value
$726,846
Shares
45,800
New
Cipher DigitalCIFR
Share
0.2%
Value
$611,447
Shares
24,957
Held
CloudflareNET
Share
0.2%
Value
$564,144
Shares
2,300
New
Oxford Lane Capital
Share
0.2%
Value
$398,418
Shares
16,163
New
State STR Spdr S&P 500 ETF TSPY
Share
0.1%
Value
$373,385
Shares
500
New
Voyager TechnologiesVOYG
Share
0.1%
Value
$277,350
Shares
8,600
New
Eos Energy EnterprisesEOSE
Share
0.1%
Value
$273,690
Shares
46,546
-5%
Ormat TechnologiesORA
Share
<0.1%
Value
$217,800
Shares
2,000
New
PureCycle TechnologiesPCT
Share
<0.1%
Value
$212,993
Shares
26,263
-84%
Visionwave HoldingsVWAVW
Share
<0.1%
Value
$171,336
Shares
250,125
+23%
Borr DrillingBORR
Share
<0.1%
Value
$136,290
Shares
33,000
New
Keel InfrastructureKEEL
Share
<0.1%
Value
$110,782
Shares
19,300
New
Critical MetalsCRMLW
Share
<0.1%
Value
$109,396
Shares
30,643
New
Rigetti ComputingRGTI
Share
<0.1%
Value
$96,600
Shares
5,000
New
Core Scientific INC NewCORZZ
Share
<0.1%
Value
$78,118
Shares
3,136
+144%
Pagaya TechnologiesPGY
Share
<0.1%
Value
$67,379
Shares
3,692
New
Caledonia MiningCMCL
Share
<0.1%
Value
$28,650
Shares
1,500
New
HIVE Digital TechnologiesHIVE
Share
<0.1%
Value
$28,392
Shares
7,800
New
Twenty One CapitalXXI
Share
<0.1%
Value
$24,750
Shares
5,000
New
Livewire GroupLVWR-WS
Share
<0.1%
Value
$21,521
Shares
1,076,046
-7%
Opendoor TechnologiesOPENL
Share
<0.1%
Value
$17,977
Shares
63,567
-86%
Critical MetalsCRML
Share
<0.1%
Value
$16,872
Shares
1,646
New
Armada Acquisition Corp IIXRPNW
Share
<0.1%
Value
$13,621
Shares
16,025
Held
Gossamer BioGOSS
Share
<0.1%
Value
$6,617
Shares
40,200
Held
VisionWave HoldingsVWAV
Share
<0.1%
Value
$1,290
Shares
300
New
Opendoor TechnologiesOPEN
Share
<0.1%
Value
$462
Shares
100
New
Wts/semilux International LTD Exp12/31/2024
Share
<0.1%
Value
$263
Shares
26,250
Held
Wts/modular Medical Inc. 6.6000 Exp02/14/2027
Share
<0.1%
Value
$240
Shares
24,000
Held
A SPAC II AcquisitionASCWF
Share
<0.1%
Value
$220
Shares
22,000
Held
Renew Energy GlobalRNWWW
Share
<0.1%
Value
$216
Shares
65,326
Held
PSQ HoldingsPSQH-WS
Share
<0.1%
Value
$171
Shares
4,268
-97%
Canopy GrowthCGC
Share
<0.1%
Value
$169
Shares
178
New
Agilethought INC 11.5000exp01/10/2025
Share
0.0%
Value
$0
Shares
46,807
Held
Wts/allegro Merger Corp Exp01/06/25
Share
0.0%
Value
$0
Shares
45,000
Held
Wts/chicken Soup FOR the Soul 11.5000exp10/22/2026CSSLQ
Share
0.0%
Value
$0
Shares
156,418
Held
Faze Holdings Inc. 11.5000exp03/01/2028
Share
0.0%
Value
$0
Shares
242,802
Held
Wts/environmental Impact Acqui 11.5000exp09/30/2027
Share
0.0%
Value
$0
Shares
5,000
Held
Wts/greenrose Acquisition Corp Exp12/31/2024
Share
0.0%
Value
$0
Shares
13,100
Held
Wts/lion Electric Exp12/13/2027
Share
0.0%
Value
$0
Shares
240,426
Held
Wts/nextnav INC Exp06/01/2027NXNVW
Share
0.0%
Value
$0
Shares
21,000
Held
Wts/pmv Consumer Acquisition C Exp08/31/2027PMVCW
Share
0.0%
Value
$0
Shares
9,826
Held
Wts/pyxis Oncology INC Exp07/29/2027
Share
0.0%
Value
$0
Shares
73,130
Held
Shapeways Holdings INC 11.5000exp10/31/2026SHPSQ
Share
0.0%
Value
$0
Shares
155,696
Held
Wts/realreal INC the Exp02/28/2029
Share
0.0%
Value
$0
Shares
255,498
Held
Maxeon Solar/c WRT 2.2575 20280115
Share
0.0%
Value
$0
Shares
125,000
Held
Wts/plug 3.3008 Exp05/19/2034
Share
0.0%
Value
$0
Shares
497,626
Held
Contra Fusion Pharmace
Share
0.0%
Value
$0
Shares
50,000
Held
Wts/cgc 1.3000 Exp01/08/2031
Share
0.0%
Value
$0
Shares
1,770,558
New
Wolfspeed INC DEL
Share
0.0%
Value
$0
Shares
64,827
New

Company	Share of fund	Value	Shares	Change
Core Scientific INC NewCORZW	47.8%	$125m	6,636,671	+15%
Shift4 Pmts	7.7%	$20m	330,944	+91%
Super Micro Computer	5.0%	$13m	255,049	New
Alphabet	4.8%	$13m	253,015	New
Bruker	4.7%	$12m	27,884	+181%
Whirlpool	4.1%	$11m	312,807	+1271%
Hewlett Packard Enterprise C	3.8%	$10m	85,855	+226%
Bank of Amer	3.6%	$9m	7,592	-14%
Alphabet	2.7%	$7m	142,602	New
Oracle	2.2%	$6m	127,296	+349%
Occidental PeteOXY-WS	1.6%	$4m	153,032	-67%
Pg&e	1.5%	$4m	94,040	+29%
Albemarle	1.4%	$4m	65,444	-58%
EPR Pptys	1.3%	$3m	102,498	+119%
AST SpaceMobileASTS	1.3%	$3m	36,998	-34%
QXO	1.1%	$3m	58,497	New
EPR Pptys	0.9%	$2m	93,871	+416%
WebullBULLW	0.9%	$2m	1,160,183	-7%
Gorilla Technology GroupGRRR	0.8%	$2m	99,784	New
BigBear.ai HoldingsBBAI	0.6%	$1m	408,222	Held
PCT 7 Perp	0.5%	$1m	2,000	New
Bitdeer Technologies GroupBTDR	0.3%	$726,846	45,800	New
Cipher DigitalCIFR	0.2%	$611,447	24,957	Held
CloudflareNET	0.2%	$564,144	2,300	New
Oxford Lane Capital	0.2%	$398,418	16,163	New
State STR Spdr S&P 500 ETF TSPY	0.1%	$373,385	500	New
Voyager TechnologiesVOYG	0.1%	$277,350	8,600	New
Eos Energy EnterprisesEOSE	0.1%	$273,690	46,546	-5%
Ormat TechnologiesORA	<0.1%	$217,800	2,000	New
PureCycle TechnologiesPCT	<0.1%	$212,993	26,263	-84%
Visionwave HoldingsVWAVW	<0.1%	$171,336	250,125	+23%
Borr DrillingBORR	<0.1%	$136,290	33,000	New
Keel InfrastructureKEEL	<0.1%	$110,782	19,300	New
Critical MetalsCRMLW	<0.1%	$109,396	30,643	New
Rigetti ComputingRGTI	<0.1%	$96,600	5,000	New
Core Scientific INC NewCORZZ	<0.1%	$78,118	3,136	+144%
Pagaya TechnologiesPGY	<0.1%	$67,379	3,692	New
Caledonia MiningCMCL	<0.1%	$28,650	1,500	New
HIVE Digital TechnologiesHIVE	<0.1%	$28,392	7,800	New
Twenty One CapitalXXI	<0.1%	$24,750	5,000	New
Livewire GroupLVWR-WS	<0.1%	$21,521	1,076,046	-7%
Opendoor TechnologiesOPENL	<0.1%	$17,977	63,567	-86%
Critical MetalsCRML	<0.1%	$16,872	1,646	New
Armada Acquisition Corp IIXRPNW	<0.1%	$13,621	16,025	Held
Gossamer BioGOSS	<0.1%	$6,617	40,200	Held
VisionWave HoldingsVWAV	<0.1%	$1,290	300	New
Opendoor TechnologiesOPEN	<0.1%	$462	100	New
Wts/semilux International LTD Exp12/31/2024	<0.1%	$263	26,250	Held
Wts/modular Medical Inc. 6.6000 Exp02/14/2027	<0.1%	$240	24,000	Held
A SPAC II AcquisitionASCWF	<0.1%	$220	22,000	Held
Renew Energy GlobalRNWWW	<0.1%	$216	65,326	Held
PSQ HoldingsPSQH-WS	<0.1%	$171	4,268	-97%
Canopy GrowthCGC	<0.1%	$169	178	New
Agilethought INC 11.5000exp01/10/2025	0.0%	$0	46,807	Held
Wts/allegro Merger Corp Exp01/06/25	0.0%	$0	45,000	Held
Wts/chicken Soup FOR the Soul 11.5000exp10/22/2026CSSLQ	0.0%	$0	156,418	Held
Faze Holdings Inc. 11.5000exp03/01/2028	0.0%	$0	242,802	Held
Wts/environmental Impact Acqui 11.5000exp09/30/2027	0.0%	$0	5,000	Held
Wts/greenrose Acquisition Corp Exp12/31/2024	0.0%	$0	13,100	Held
Wts/lion Electric Exp12/13/2027	0.0%	$0	240,426	Held
Wts/nextnav INC Exp06/01/2027NXNVW	0.0%	$0	21,000	Held
Wts/pmv Consumer Acquisition C Exp08/31/2027PMVCW	0.0%	$0	9,826	Held
Wts/pyxis Oncology INC Exp07/29/2027	0.0%	$0	73,130	Held
Shapeways Holdings INC 11.5000exp10/31/2026SHPSQ	0.0%	$0	155,696	Held
Wts/realreal INC the Exp02/28/2029	0.0%	$0	255,498	Held
Maxeon Solar/c WRT 2.2575 20280115	0.0%	$0	125,000	Held
Wts/plug 3.3008 Exp05/19/2034	0.0%	$0	497,626	Held
Contra Fusion Pharmace	0.0%	$0	50,000	Held
Wts/cgc 1.3000 Exp01/08/2031	0.0%	$0	1,770,558	New
Wolfspeed INC DEL	0.0%	$0	64,827	New

Options (50)

State STR Spdr S&P 500 ETF TSPY
Type
Put
Value
$13m
Contracts
17,000
Shift4 PaymentsFOUR
Type
Put
Value
$9m
Contracts
177,700
Core ScientificCORZ
Type
Put
Value
$8m
Contracts
326,400
CloudflareNET
Type
Call
Value
$8m
Contracts
31,100
CloudflareNET
Type
Put
Value
$5m
Contracts
20,000
Gorilla Technology GroupGRRR
Type
Put
Value
$5m
Contracts
238,000
State STR Spdr S&P 500 ETF TSPY
Type
Call
Value
$4m
Contracts
5,000
Shift4 PaymentsFOUR
Type
Call
Value
$3m
Contracts
58,800
Hertz Global HoldingsHTZ
Type
Put
Value
$2m
Contracts
1,065,300
WebullBULL
Type
Call
Value
$2m
Contracts
361,300
Super Micro ComputerSMCI
Type
Put
Value
$2m
Contracts
80,000
AST SpaceMobileASTS
Type
Put
Value
$2m
Contracts
24,500
AlphabetGOOGL
Type
Put
Value
$2m
Contracts
6,000
Lucid GroupLCID
Type
Put
Value
$2m
Contracts
271,100
AlphabetGOOGL
Type
Call
Value
$2m
Contracts
5,000
AlphabetGOOG
Type
Call
Value
$2m
Contracts
5,000
AlphabetGOOG
Type
Put
Value
$2m
Contracts
4,400
BigBear.ai HoldingsBBAI
Type
Put
Value
$1m
Contracts
406,200
Core ScientificCORZ
Type
Call
Value
$1m
Contracts
55,600
PureCycle TechnologiesPCT
Type
Put
Value
$1m
Contracts
163,900
GameStopGME
Type
Put
Value
$1m
Contracts
57,600
AlbemarleALB
Type
Call
Value
$958,713
Contracts
7,100
Voyager TechnologiesVOYG
Type
Put
Value
$767,550
Contracts
23,800
AST SpaceMobileASTS
Type
Call
Value
$701,994
Contracts
7,900
IrenIREN
Type
Put
Value
$685,950
Contracts
15,000
WhirlpoolWHR
Type
Put
Value
$670,140
Contracts
17,000
Lucid GroupLCID
Type
Call
Value
$647,592
Contracts
96,800
Cipher DigitalCIFR
Type
Put
Value
$612,500
Contracts
25,000
Akamai TechnologiesAKAM
Type
Put
Value
$602,871
Contracts
5,100
Eos Energy EnterprisesEOSE
Type
Put
Value
$600,936
Contracts
102,200
Plug PowerPLUG
Type
Call
Value
$570,997
Contracts
210,700
Gorilla Technology GroupGRRR
Type
Call
Value
$516,880
Contracts
26,000
Ormat TechnologiesORA
Type
Put
Value
$435,600
Contracts
4,000
Hertz Global HoldingsHTZ
Type
Call
Value
$434,427
Contracts
191,800
DigitalOcean HoldingsDOCN
Type
Call
Value
$392,575
Contracts
2,500
WebullBULL
Type
Put
Value
$391,200
Contracts
60,000
Peabody EnergyBTU
Type
Call
Value
$332,928
Contracts
14,400
Jetblue AirwaysJBLU
Type
Call
Value
$258,423
Contracts
45,100
CoreWeaveCRWV
Type
Call
Value
$248,850
Contracts
2,500
WolfspeedWOLF
Type
Put
Value
$241,250
Contracts
5,000
Super Micro ComputerSMCI
Type
Call
Value
$219,975
Contracts
7,500
MARA HoldingsMARA
Type
Call
Value
$208,350
Contracts
15,000
CleansparkCLSK
Type
Call
Value
$181,875
Contracts
12,500
Bitdeer Technologies GroupBTDR
Type
Call
Value
$158,700
Contracts
10,000
AstronicsATRO
Type
Put
Value
$154,394
Contracts
1,900
QXOQXO
Type
Put
Value
$143,424
Contracts
8,300
Jetblue AirwaysJBLU
Type
Put
Value
$143,250
Contracts
25,000
PureCycle TechnologiesPCT
Type
Call
Value
$121,650
Contracts
15,000
HIVE Digital TechnologiesHIVE
Type
Call
Value
$111,384
Contracts
30,600
Pagaya TechnologiesPGY
Type
Put
Value
$109,500
Contracts
6,000

Company	Type	Value	Contracts
State STR Spdr S&P 500 ETF TSPY	Put	$13m	17,000
Shift4 PaymentsFOUR	Put	$9m	177,700
Core ScientificCORZ	Put	$8m	326,400
CloudflareNET	Call	$8m	31,100
CloudflareNET	Put	$5m	20,000
Gorilla Technology GroupGRRR	Put	$5m	238,000
State STR Spdr S&P 500 ETF TSPY	Call	$4m	5,000
Shift4 PaymentsFOUR	Call	$3m	58,800
Hertz Global HoldingsHTZ	Put	$2m	1,065,300
WebullBULL	Call	$2m	361,300
Super Micro ComputerSMCI	Put	$2m	80,000
AST SpaceMobileASTS	Put	$2m	24,500
AlphabetGOOGL	Put	$2m	6,000
Lucid GroupLCID	Put	$2m	271,100
AlphabetGOOGL	Call	$2m	5,000
AlphabetGOOG	Call	$2m	5,000
AlphabetGOOG	Put	$2m	4,400
BigBear.ai HoldingsBBAI	Put	$1m	406,200
Core ScientificCORZ	Call	$1m	55,600
PureCycle TechnologiesPCT	Put	$1m	163,900
GameStopGME	Put	$1m	57,600
AlbemarleALB	Call	$958,713	7,100
Voyager TechnologiesVOYG	Put	$767,550	23,800
AST SpaceMobileASTS	Call	$701,994	7,900
IrenIREN	Put	$685,950	15,000
WhirlpoolWHR	Put	$670,140	17,000
Lucid GroupLCID	Call	$647,592	96,800
Cipher DigitalCIFR	Put	$612,500	25,000
Akamai TechnologiesAKAM	Put	$602,871	5,100
Eos Energy EnterprisesEOSE	Put	$600,936	102,200
Plug PowerPLUG	Call	$570,997	210,700
Gorilla Technology GroupGRRR	Call	$516,880	26,000
Ormat TechnologiesORA	Put	$435,600	4,000
Hertz Global HoldingsHTZ	Call	$434,427	191,800
DigitalOcean HoldingsDOCN	Call	$392,575	2,500
WebullBULL	Put	$391,200	60,000
Peabody EnergyBTU	Call	$332,928	14,400
Jetblue AirwaysJBLU	Call	$258,423	45,100
CoreWeaveCRWV	Call	$248,850	2,500
WolfspeedWOLF	Put	$241,250	5,000
Super Micro ComputerSMCI	Call	$219,975	7,500
MARA HoldingsMARA	Call	$208,350	15,000
CleansparkCLSK	Call	$181,875	12,500
Bitdeer Technologies GroupBTDR	Call	$158,700	10,000
AstronicsATRO	Put	$154,394	1,900
QXOQXO	Put	$143,424	8,300
Jetblue AirwaysJBLU	Put	$143,250	25,000
PureCycle TechnologiesPCT	Call	$121,650	15,000
HIVE Digital TechnologiesHIVE	Call	$111,384	30,600
Pagaya TechnologiesPGY	Put	$109,500	6,000

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 93.6% since 30 June 2025.

Where the money is

Technology1.7%

Media & telecom1.3%

Financial services0.6%

Industrials0.1%

Materials0.1%

Utilities0.1%

Energy0.1%

Health care0.0%

Real estate0.0%

Other96.1%

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.