# Alphadyne Asset Management LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1535943. Source: https://holderbook.com/funds/1535943-alphadyne-asset-management-lp/

- Reported value: $10.5B
- Positions: 375
- Weight of the ten largest: 48.1%
- 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 |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.2B | 544,110 | 20.8% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.4B | 1,695,591 | 13.0% | 4 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $327.2M | 67,132 | 3.1% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $262.4M | 75,850 | 2.5% | 5 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $183.1M | 294,461 | 1.8% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $170.5M | 0 | 1.6% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $153.6M | 0 | 1.5% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $144.1M | 0 | 1.4% | 5 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $138.7M | 0 | 1.3% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $111.4M | 20,844 | 1.1% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $104.9M | 0 | 1.0% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $102.9M | 25,924 | 1.0% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $99.5M | 0 | 1.0% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $98.9M | 0 | 0.9% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $92.0M | 6,263 | 0.9% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $90.2M | 0 | 0.9% | 3 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $88.5M | 0 | 0.8% | 1 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $88.0M | 0 | 0.8% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $85.9M | 812 | 0.8% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $78.8M | 0 | 0.8% | 5 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $76.0M | 0 | 0.7% | 5 |
| VANECK ETF TRUST | [OIH](https://holderbook.com/stocks/OIH/) | $74.5M | 384 | 0.7% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $72.3M | 0 | 0.7% | 5 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $71.7M | 0 | 0.7% | 5 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $66.2M | 0 | 0.6% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $65.4M | 54,135 | 0.6% | 4 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $62.9M | 4,435 | 0.6% | 8 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $62.3M | 2,726 | 0.6% | 5 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $59.2M | 0 | 0.6% | 1 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $55.6M | 0 | 0.5% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $55.1M | 15,768 | 0.5% | 5 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $52.1M | 14,768 | 0.5% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $51.4M | 56,815 | 0.5% | 3 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $51.3M | 185,942 | 0.5% | 6 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $50.7M | 0 | 0.5% | 3 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $49.8M | 0 | 0.5% | 4 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $49.5M | 0 | 0.5% | 1 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $48.3M | 24,980 | 0.5% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $47.2M | 0 | 0.5% | 1 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $47.1M | 0 | 0.5% | 3 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $46.1M | 3,439 | 0.4% | 1 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $46.1M | 0 | 0.4% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $45.7M | 0 | 0.4% | 4 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $44.9M | 15,545 | 0.4% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $43.8M | 0 | 0.4% | 5 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $41.7M | 28,219 | 0.4% | 2 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $41.3M | 0 | 0.4% | 3 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $40.4M | 0 | 0.4% | 3 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $38.7M | 136,791 | 0.4% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $37.7M | 0 | 0.4% | 3 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $37.6M | 6,648 | 0.4% | 2 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $37.5M | 0 | 0.4% | 3 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $36.5M | 20,205 | 0.3% | 2 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $36.0M | 5,436 | 0.3% | 3 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $35.4M | 0 | 0.3% | 2 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $33.7M | 19,705 | 0.3% | 3 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $33.5M | 12,064 | 0.3% | 3 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $33.1M | 0 | 0.3% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $32.8M | 0 | 0.3% | 5 |
| RIOT PLATFORMS INC | [RIOT](https://holderbook.com/stocks/RIOT/) | $32.7M | 0 | 0.3% | 4 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $32.6M | 0 | 0.3% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $31.9M | 36,406 | 0.3% | 4 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $31.8M | 0 | 0.3% | 1 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $31.2M | 0 | 0.3% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $31.0M | 0 | 0.3% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $30.8M | 0 | 0.3% | 5 |
| CAVA GROUP INC | [CAVA](https://holderbook.com/stocks/CAVA/) | $30.2M | 17,031 | 0.3% | 4 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $30.1M | 0 | 0.3% | 3 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $29.6M | 0 | 0.3% | 3 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $28.9M | 0 | 0.3% | 2 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $28.9M | 0 | 0.3% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $28.5M | 0 | 0.3% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $27.8M | 0 | 0.3% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $26.8M | 48,719 | 0.3% | 2 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $26.8M | 132,532 | 0.3% | 4 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $26.8M | 0 | 0.3% | 1 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $26.3M | 0 | 0.3% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $25.2M | 0 | 0.2% | 3 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $25.1M | 0 | 0.2% | 4 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $24.8M | 0 | 0.2% | 3 |
| MOLINA HEALTHCARE INC | [MOH](https://holderbook.com/stocks/MOH/) | $24.0M | 0 | 0.2% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $23.9M | 0 | 0.2% | 3 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $23.9M | 21,041 | 0.2% | 3 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $23.5M | 19,630 | 0.2% | 2 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $23.5M | 0 | 0.2% | 1 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $23.4M | 0 | 0.2% | 4 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $23.1M | 0 | 0.2% | 3 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $23.0M | 5,642 | 0.2% | 3 |
| HUT 8 CORP | [HUT](https://holderbook.com/stocks/HUT/) | $22.4M | 0 | 0.2% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $22.2M | 0 | 0.2% | 5 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $21.7M | 14,129 | 0.2% | 3 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $21.6M | 7,683 | 0.2% | 4 |
| TERAWULF INC | [WULF](https://holderbook.com/stocks/WULF/) | $21.5M | 0 | 0.2% | 3 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $21.5M | 0 | 0.2% | 4 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $21.4M | 0 | 0.2% | 3 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $20.5M | 0 | 0.2% | 1 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $20.3M | 41,870 | 0.2% | 3 |
| APPLIED DIGITAL CORP | [APLD](https://holderbook.com/stocks/APLD/) | $20.2M | 23,943 | 0.2% | 3 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $20.2M | 62,288 | 0.2% | 3 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $20.1M | 2,446 | 0.2% | 3 |

## 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 |
|---|---|---|---|---|
| Q3 2024 | +2.4% | +5.4% | -3.0% | 62% |
| Q3 2022 | -5.1% | -5.3% | +0.2% | 100% |
| Q3 2021 | -0.8% | +0.3% | -1.1% | 100% |
| Q4 2020 | +6.5% | +11.6% | -5.2% | 100% |
| Q1 2020 | -30.5% | -19.9% | -10.5% | 107% |
| Q4 2019 | +5.9% | +8.5% | -2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $10.5B | 375 |
| Q1 2026 | $5.8B | 363 |
| Q4 2025 | $4.3B | 358 |
| Q3 2025 | $1.2B | 143 |
| Q2 2025 | $549.2M | 74 |
| Q1 2025 | $1.2B | 11 |
| Q4 2024 | $632.7M | 15 |
| Q3 2024 | $672.5M | 11 |
| Q2 2024 | $579.6M | 16 |
| Q1 2024 | $353.0M | 17 |
| Q4 2023 | $273.9M | 19 |
| Q3 2023 | $1.3B | 96 |