# Lombard Odier Asset Management (USA) Corp

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1491719. Source: https://holderbook.com/funds/1491719-lombard-odier-asset-management-usa-corp/

- Reported value: $726.9M
- Positions: 114
- Weight of the ten largest: 53.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AMERICAN AIRLINES GROUP INC | [AAL](https://holderbook.com/stocks/AAL/) | $109.5M | 0 | 15.1% | 25 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $58.5M | 12,000 | 8.0% | 3 |
| RIVIAN AUTOMOTIVE INC | [RIVN](https://holderbook.com/stocks/RIVN/) | $37.3M | 0 | 5.1% | 9 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $33.1M | 0 | 4.6% | 10 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $30.9M | 0 | 4.2% | 21 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $29.1M | 0 | 4.0% | 10 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $25.8M | 0 | 3.5% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $23.8M | 0 | 3.3% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $21.7M | 0 | 3.0% | 4 |
| BAUSCH HEALTH COS INC | [BHC](https://holderbook.com/stocks/BHC/) | $19.7M | 0 | 2.7% | 6 |
| RIVIAN AUTOMOTIVE INC | - | $17.8M | 15,000,000 | 2.4% | 9 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $16.9M | 0 | 2.3% | 3 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $15.9M | 0 | 2.2% | 22 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $15.3M | 0 | 2.1% | 10 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $14.1M | 0 | 1.9% | 9 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $13.9M | 0 | 1.9% | 22 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $13.4M | 0 | 1.8% | 24 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $11.8M | 0 | 1.6% | 14 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $10.3M | 0 | 1.4% | 2 |
| KOSMOS ENERGY LTD | - | $10.3M | 14,000,000 | 1.4% | 5 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $9.4M | 0 | 1.3% | 6 |
| NORWEGIAN CRUISE LINE HLDGS | [NCLH](https://holderbook.com/stocks/NCLH/) | $8.4M | 0 | 1.2% | 6 |
| ORGANON & CO | [OGN](https://holderbook.com/stocks/OGN/) | $7.8M | 0 | 1.1% | 2 |
| CAESARS ENTERTAINMENT INC NE | [CZR](https://holderbook.com/stocks/CZR/) | $7.6M | 100,000 | 1.0% | 13 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $7.5M | 3,916 | 1.0% | 13 |
| COMPASS INC | [COMP](https://holderbook.com/stocks/COMP/) | $7.1M | 0 | 1.0% | 3 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $6.7M | 0 | 0.9% | 6 |
| PAGAYA TECHNOLOGIES LTD | [PGY](https://holderbook.com/stocks/PGY/) | $6.6M | 0 | 0.9% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $6.4M | 0 | 0.9% | 21 |
| UNITI GROUP LLC | - | $6.3M | 5,255,000 | 0.9% | 4 |
| HERTZ GLOBAL HLDGS INC | [HTZ](https://holderbook.com/stocks/HTZ/) | $5.8M | 204,729 | 0.8% | 10 |
| STRATEGY INC | - | $5.5M | 6,000,000 | 0.8% | 6 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $5.4M | 0 | 0.7% | 2 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $5.4M | 0 | 0.7% | 9 |
| HERBALIFE LTD | [HLF](https://holderbook.com/stocks/HLF/) | $5.3M | 0 | 0.7% | 5 |
| MGM RESORTS INTERNATIONAL | [MGM](https://holderbook.com/stocks/MGM/) | $5.3M | 50,000 | 0.7% | 13 |
| CLEVELAND-CLIFFS INC NEW | [CLF](https://holderbook.com/stocks/CLF/) | $4.6M | 279,814 | 0.6% | 9 |
| NEXXEN INTL LTD | [NEXN](https://holderbook.com/stocks/NEXN/) | $3.4M | 503,393 | 0.5% | 6 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $3.3M | 36,000 | 0.5% | 7 |
| KOHLS CORP | [KSS](https://holderbook.com/stocks/KSS/) | $3.2M | 0 | 0.4% | 6 |
| NABORS INDUSTRIES LTD | [NBR](https://holderbook.com/stocks/NBR/) | $3.1M | 21,500 | 0.4% | 14 |
| DAUCH CORP | [DCH](https://holderbook.com/stocks/DCH/) | $3.1M | 465,000 | 0.4% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.7M | 19,000 | 0.4% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.6M | 0 | 0.4% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.4M | 0 | 0.3% | 31 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $2.4M | 9,117 | 0.3% | 5 |
| MEDICAL PROPERTIES TRUST INC | [MPT](https://holderbook.com/stocks/MPT/) | $2.3M | 0 | 0.3% | 4 |
| CRESCENT ENERGY COMPANY | [CRGY](https://holderbook.com/stocks/CRGY/) | $2.3M | 235,098 | 0.3% | 3 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $2.3M | 0 | 0.3% | 10 |
| AVIS BUDGET GROUP INC | [CAR](https://holderbook.com/stocks/CAR/) | $2.2M | 0 | 0.3% | 6 |
| XEROX HOLDINGS CORP | [XRX](https://holderbook.com/stocks/XRX/) | $2.2M | 350,000 | 0.3% | 7 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $2.2M | 0 | 0.3% | 7 |
| GOODYEAR TIRE & RUBR CO | [GT](https://holderbook.com/stocks/GT/) | $2.2M | 229,000 | 0.3% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.9M | 5,425 | 0.3% | 7 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.8M | 0 | 0.3% | 8 |
| API GROUP CORP | [APG](https://holderbook.com/stocks/APG/) | $1.8M | 42,472 | 0.2% | 5 |
| PERIMETER SOLUTIONS INC | [PRM](https://holderbook.com/stocks/PRM/) | $1.6M | 43,576 | 0.2% | 6 |
| KOSMOS ENERGY LTD | [KOS](https://holderbook.com/stocks/KOS/) | $1.5M | 0 | 0.2% | 5 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $1.4M | 11,898 | 0.2% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.2M | 1,064 | 0.2% | 1 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $1.2M | 3,184 | 0.2% | 6 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $1.2M | 15,494 | 0.2% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.1M | 2,143 | 0.2% | 1 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $1.1M | 4,737 | 0.1% | 1 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $974.1K | 21,594 | 0.1% | 1 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $972.8K | 1,224 | 0.1% | 4 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $963.6K | 10,464 | 0.1% | 7 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $959.8K | 0 | 0.1% | 29 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $950.0K | 6,517 | 0.1% | 6 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $881.7K | 3,452 | 0.1% | 1 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $862.9K | 16,189 | 0.1% | 2 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $844.7K | 4,704 | 0.1% | 1 |
| HUNT J B TRANS SVCS INC | [JBHT](https://holderbook.com/stocks/JBHT/) | $841.4K | 2,907 | 0.1% | 1 |
| RBC BEARINGS INC | [RBC](https://holderbook.com/stocks/RBC/) | $787.7K | 1,223 | 0.1% | 5 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $771.1K | 3,819 | 0.1% | 1 |
| HEICO CORP NEW | [HEI](https://holderbook.com/stocks/HEI/) | $764.0K | 2,145 | 0.1% | 6 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $762.4K | 3,800 | 0.1% | 5 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $741.2K | 326 | 0.1% | 1 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $733.3K | 3,031 | 0.1% | 1 |
| FEDEX FGHT HLDG CO INC | - | $716.5K | 4,745 | 0.1% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $709.5K | 3,546 | 0.1% | 6 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $708.4K | 14,904 | 0.1% | 4 |
| HUB GROUP INC | [HUBG](https://holderbook.com/stocks/HUBG/) | $697.0K | 15,916 | 0.1% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $686.2K | 2,000 | 0.1% | 4 |
| CALUMET INC | [CLMT](https://holderbook.com/stocks/CLMT/) | $643.6K | 17,868 | 0.1% | 4 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $633.9K | 7,283 | 0.1% | 2 |
| EASTMAN CHEM CO | [EMN](https://holderbook.com/stocks/EMN/) | $575.0K | 8,585 | 0.1% | 2 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $568.2K | 2,008 | 0.1% | 5 |
| SAIA INC | [SAIA](https://holderbook.com/stocks/SAIA/) | $567.3K | 1,347 | 0.1% | 1 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $566.7K | 750 | 0.1% | 6 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $553.6K | 2,601 | 0.1% | 2 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $544.2K | 4,600 | 0.1% | 1 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $537.7K | 7,704 | 0.1% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $505.1K | 7,000 | 0.1% | 6 |
| ANAPTYSBIO INC | [ANAB](https://holderbook.com/stocks/ANAB/) | $499.5K | 7,400 | 0.1% | 1 |
| APTIV PLC | [APTV](https://holderbook.com/stocks/APTV/) | $479.7K | 7,816 | 0.1% | 7 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $456.1K | 1,072 | 0.1% | 2 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $443.6K | 223 | 0.1% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $437.7K | 3,135 | 0.1% | 1 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $409.4K | 1,600 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2022 | -7.7% | -4.9% | -2.8% | 68% |
| Q4 2021 | +4.7% | +10.7% | -6.0% | 69% |
| Q3 2021 | -5.7% | +0.3% | -6.0% | 90% |
| Q2 2021 | +6.5% | +8.0% | -1.5% | 67% |
| Q1 2021 | +9.6% | +6.0% | +3.6% | 62% |
| Q4 2020 | +16.1% | +11.6% | +4.5% | 61% |
| Q3 2020 | +12.1% | +8.6% | +3.5% | 71% |
| Q2 2020 | +25.4% | +19.6% | +5.8% | 75% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $726.9M | 114 |
| Q1 2026 | $957.1M | 230 |
| Q4 2025 | $1.1B | 186 |
| Q3 2025 | $1.5B | 376 |
| Q2 2025 | $1.3B | 323 |
| Q1 2025 | $1.3B | 170 |
| Q4 2024 | $1.4B | 253 |
| Q3 2024 | $1.5B | 227 |
| Q2 2024 | $1.4B | 214 |
| Q1 2024 | $4.1B | 263 |
| Q4 2023 | $5.5B | 261 |
| Q3 2023 | $4.5B | 240 |