Cubist Systematic Strategies, LLC

Reported holdings as of Q3 2025, from 28 quarterly filings.

This filer last reported in Q3 2025; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.

CIK

1603465

Reported value

$21.0B

Positions

2,020

Top 10 weight

9.6%

Filed

2025-11-14

Days after quarter end

Holdings

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
SPDR GOLD TR OPT	GLD	$306.4M	68,007	1.46%	+0.59pp	7q	HELD
ORACLE CORP OPT	ORCL	$263.4M	options only	1.25%	+0.59pp	28q	OPTIONS
VANECK ETF TRUST OPT	GDX	$250.2M	options only	1.19%	+0.72pp	7q	OPTIONS
PALANTIR TECHNOLOGIES INC OPT	PLTR	$212.2M	options only	1.01%	+0.22pp	20q	OPTIONS
UNITEDHEALTH GROUP INC OPT	UNH	$198.2M	options only	0.94%	+0.45pp	28q	OPTIONS
ROBINHOOD MKTS INC OPT	HOOD	$182.6M	options only	0.87%	+0.32pp	14q	OPTIONS
NVIDIA CORPORATION OPT	NVDA	$163.8M	98,197	0.78%	+0.21pp	28q	HELD
AMAZON COM INC OPT	AMZN	$148.7M	164,121	0.71%	+0.12pp	28q	HELD
SELECT SECTOR SPDR TR OPT	XLE	$143.7M	options only	0.68%	+0.28pp	7q	OPTIONS
NEBIUS GROUP N.V. OPT	NBIS	$142.9M	options only	0.68%	+0.40pp	2q	OPTIONS
META PLATFORMS INC OPT	META	$137.8M	41,024	0.66%	+0.08pp	28q	HELD
ISHARES TR OPT	TLT	$128.8M	22,319	0.61%	-0.06pp	7q	HELD
ALIBABA GROUP HLDG LTD OPT	BABA	$128.1M	options only	0.61%	-0.06pp	17q	OPTIONS
NETFLIX INC OPT	NFLX	$124.6M	options only	0.59%	-0.25pp	28q	OPTIONS
WALMART INC OPT	WMT	$123.2M	429,701	0.59%	-0.22pp	28q	-52.2%-$134.8M
BROADCOM INC OPT	AVGO	$122.7M	30,392	0.58%	+0.16pp	28q	HELD
ADVANCED MICRO DEVICES INC OPT	AMD	$114.7M	203,429	0.55%	+0.20pp	28q	HELD
MICRON TECHNOLOGY INC OPT	MU	$113.5M	50,447	0.54%	+0.25pp	28q	HELD
TESLA INC OPT	TSLA	$113.4M	options only	0.54%	+0.10pp	24q	OPTIONS
MONGODB INC OPT	MDB	$113.3M	options only	0.54%	-0.03pp	27q	OPTIONS
PDD HOLDINGS INC OPT	PDD	$111.9M	options only	0.53%	+0.20pp	21q	OPTIONS
BOSTON SCIENTIFIC CORP OPT	BSX	$111.5M	903,124	0.53%	+0.24pp	28q	+99.8%+$55.7M
CLOUDFLARE INC OPT	NET	$108.9M	options only	0.52%	+0.17pp	23q	OPTIONS
ALPHABET INC OPT	GOOGL	$108.0M	162,669	0.51%	+0.19pp	28q	+84.3%+$49.4M
CREDO TECHNOLOGY GROUP HOLDI OPT	CRDO	$106.4M	163,388	0.51%	+0.38pp	10q	+1486.4%+$99.7M
SUPER MICRO COMPUTER INC OPT	SMCI	$106.0M	options only	0.51%	+0.03pp	4q	OPTIONS
SHOPIFY INC OPT	SHOP	$105.1M	options only	0.50%	+0.18pp	28q	OPTIONS
SELECT SECTOR SPDR TR OPT	XLK	$104.6M	7,246	0.50%	-0.10pp	7q	HELD
ROBLOX CORP OPT	RBLX	$103.2M	282	0.49%	-0.01pp	19q	-99.9%-$106.9B
SELECT SECTOR SPDR TR OPT	XLI	$102.6M	options only	0.49%	+0.08pp	7q	OPTIONS
ARM HOLDINGS PLC OPT	ARM	$101.7M	options only	0.48%	flat	7q	OPTIONS
GOLDMAN SACHS GROUP INC OPT	GS	$98.7M	options only	0.47%	+0.15pp	28q	OPTIONS
AXON ENTERPRISE INC OPT	AXON	$98.6M	options only	0.47%	+0.03pp	26q	OPTIONS
BOEING CO OPT	BA	$97.6M	options only	0.47%	+0.12pp	28q	OPTIONS
NIKE INC OPT	NKE	$97.1M	8,100	0.46%	+0.05pp	27q	HELD
ISHARES SILVER TR OPT	SLV	$94.7M	275,277	0.45%	+0.15pp	7q	HELD
COINBASE GLOBAL INC OPT	COIN	$94.7M	options only	0.45%	+0.29pp	10q	OPTIONS
CROWDSTRIKE HLDGS INC OPT	CRWD	$94.1M	options only	0.45%	-0.20pp	26q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC OPT	TSM	$89.5M	15,391	0.43%	+0.06pp	28q	-91.2%-$926.5M
FIRST SOLAR INC OPT	FSLR	$89.2M	options only	0.42%	+0.20pp	28q	OPTIONS
VANECK ETF TRUST OPT	SMH	$88.2M	options only	0.42%	+0.11pp	7q	OPTIONS
SEAGATE TECHNOLOGY HLDNGS PL OPT	STX	$87.6M	options only	0.42%	+0.35pp	18q	OPTIONS
DELL TECHNOLOGIES INC OPT	DELL	$87.2M	options only	0.42%	+0.07pp	26q	OPTIONS
SPOTIFY TECHNOLOGY S A OPT	SPOT	$86.2M	options only	0.41%	-0.15pp	28q	OPTIONS
INTUITIVE SURGICAL INC OPT	ISRG	$85.0M	122,766	0.41%	+0.11pp	28q	+121.7%+$46.7M
PALO ALTO NETWORKS INC OPT	PANW	$83.5M	options only	0.40%	-0.13pp	28q	OPTIONS
GE AEROSPACE OPT	GE	$83.2M	options only	0.40%	-0.02pp	17q	OPTIONS
MICROSOFT CORP OPT	MSFT	$82.3M	85,479	0.39%	+0.18pp	28q	+173.9%+$52.3M
ARISTA NETWORKS INC OPT	ANET	$81.8M	43,718	0.39%	-0.11pp	4q	-76.7%-$269.1M
SELECT SECTOR SPDR TR OPT	XLU	$81.7M	options only	0.39%	+0.11pp	6q	OPTIONS
INTERNATIONAL BUSINESS MACHS OPT	IBM	$81.2M	options only	0.39%	+0.02pp	26q	OPTIONS
CONSTELLATION ENERGY CORP OPT	CEG	$79.6M	options only	0.38%	-0.03pp	15q	OPTIONS
KRATOS DEFENSE & SEC SOLUTIO OPT	KTOS	$78.7M	options only	0.37%	+0.29pp	3q	OPTIONS
FUTU HLDGS LTD OPT	FUTU	$77.4M	options only	0.37%	+0.22pp	4q	OPTIONS
AIRBNB INC OPT	ABNB	$76.3M	473,486	0.36%	-0.25pp	20q	-30.8%-$33.9M
APPLOVIN CORP OPT	APP	$74.7M	options only	0.36%	-0.30pp	17q	OPTIONS
NEWMONT CORP OPT	NEM	$73.4M	options only	0.35%	+0.11pp	27q	OPTIONS
SELECT SECTOR SPDR TR OPT	XLF	$73.2M	488,105	0.35%	-0.05pp	7q	+101.2%+$36.8M
HIMS & HERS HEALTH INC OPT	HIMS	$71.1M	options only	0.34%	+0.06pp	19q	OPTIONS
BERKSHIRE HATHAWAY INC DEL OPT	BRKB	$71.0M	6,164	0.34%	flat	28q	HELD
ELI LILLY & CO OPT	LLY	$70.8M	13,889	0.34%	+0.04pp	28q	+29.1%+$15.9M
GE VERNOVA INC OPT	GEV	$70.0M	options only	0.33%	+0.02pp	4q	OPTIONS
AUTODESK INC OPT	ADSK	$69.8M	192,356	0.33%	+0.26pp	28q	+379.5%+$55.3M
SNOWFLAKE INC OPT	SNOW	$69.7M	options only	0.33%	-0.17pp	20q	OPTIONS
CELESTICA INC OPT	CLS	$69.3M	options only	0.33%	+0.06pp	6q	OPTIONS
UBER TECHNOLOGIES INC OPT	UBER	$68.8M	options only	0.33%	-0.01pp	26q	OPTIONS
DATADOG INC OPT	DDOG	$66.3M	options only	0.32%	+0.02pp	23q	OPTIONS
STARBUCKS CORP OPT	SBUX	$65.5M	options only	0.31%	-0.04pp	28q	OPTIONS
REDDIT INC OPT	RDDT	$65.0M	options only	0.31%	+0.05pp	4q	OPTIONS
BLOOM ENERGY CORP OPT	BE	$64.1M	559,428	0.31%	+0.26pp	28q	+47.4%+$20.6M
WESTERN DIGITAL CORP OPT	WDC	$64.0M	222,048	0.30%	+0.25pp	25q	+41.8%+$18.9M
HOWMET AEROSPACE INC OPT	HWM	$63.0M	options only	0.30%	+0.15pp	22q	OPTIONS
AEROVIRONMENT INC OPT	AVAV	$62.5M	options only	0.30%	+0.20pp	6q	OPTIONS
VANECK ETF TRUST OPT	GDXJ	$62.4M	options only	0.30%	+0.18pp	7q	OPTIONS
VISTRA CORP OPT	VST	$62.2M	1,937	0.30%	+0.09pp	28q	HELD
KEURIG DR PEPPER INC OPT	KDP	$62.1M	2,366,205	0.30%	+0.29pp	5q	HELD
ROYAL CARIBBEAN GROUP OPT	RCL	$61.9M	options only	0.29%	+0.20pp	28q	OPTIONS
CENTRUS ENERGY CORP OPT	LEU	$61.8M	options only	0.29%	+0.22pp	3q	OPTIONS
COSTCO WHOLESALE CORPORATION OPT	COST	$61.6M	options only	0.29%	-0.10pp	28q	OPTIONS
SEA LTD OPT	SE	$60.0M	78,320	0.29%	-0.13pp	24q	-74.5%-$174.9M
OKLO INC OPT	OKLO	$59.7M	options only	0.28%	+0.20pp	3q	OPTIONS
PHILIP MORRIS INTL INC OPT	PM	$59.3M	options only	0.28%	+0.07pp	28q	OPTIONS
CENTENE CORP DEL OPT	CNC	$58.5M	424,336	0.28%	+0.27pp	28q	HELD
CHENIERE ENERGY INC OPT	LNG	$58.4M	225,562	0.28%	+0.12pp	24q	+144.2%+$34.5M
SELECT SECTOR SPDR TR OPT	XLY	$58.1M	26,188	0.28%	+0.09pp	7q	HELD
SELECT SECTOR SPDR TR OPT	XLB	$54.2M	190,077	0.26%	+0.07pp	6q	HELD
BRINKER INTL INC OPT	EAT	$53.0M	371,270	0.25%	+0.06pp	6q	+180.2%+$34.1M
JPMORGAN CHASE & CO OPT	JPM	$52.7M	options only	0.25%	+0.07pp	28q	OPTIONS
IREN LIMITED OPT	IREN	$52.4M	options only	0.25%	+0.19pp	6q	OPTIONS
REGENERON PHARMACEUTICALS OPT	REGN	$51.9M	79,264	0.25%	-0.05pp	5q	-16.5%-$10.3M
SERVICENOW INC OPT	NOW	$51.8M	options only	0.25%	+0.02pp	28q	OPTIONS
BRITISH AMERN TOB PLC OPT	BTI	$51.8M	362,970	0.25%	+0.19pp	2q	HELD
CENCORA INC OPT	COR	$51.5M	options only	0.25%	+0.05pp	28q	OPTIONS
APPLE INC OPT	AAPL	$51.1M	options only	0.24%	-0.12pp	28q	OPTIONS
CATERPILLAR INC OPT	CAT	$50.6M	options only	0.24%	+0.03pp	27q	OPTIONS
DELTA AIR LINES INC OPT	DAL	$49.1M	623,982	0.23%	+0.05pp	28q	+24.1%+$9.5M
SALESFORCE INC OPT	CRM	$49.0M	options only	0.23%	-0.29pp	28q	OPTIONS
T-MOBILE US INC OPT	TMUS	$48.1M	96,030	0.23%	+0.11pp	28q	HELD
INTEL CORP OPT	INTC	$47.3M	914,398	0.23%	-0.04pp	28q	+42.7%+$14.1M
BARRICK MNG CORP OPT	B	$46.5M	options only	0.22%	+0.21pp	2q	OPTIONS
MCKESSON CORP OPT	MCK	$46.2M	options only	0.22%	+0.03pp	28q	OPTIONS
ADOBE INC OPT	ADBE	$46.2M	options only	0.22%	-0.75pp	28q	OPTIONS
MERCK & CO INC OPT	MRK	$45.7M	458,259	0.22%	+0.04pp	28q	+10315.0%+$45.3M
KEYCORP OPT	KEY	$45.2M	2,370,748	0.22%	+0.21pp	28q	HELD
VERTIV HOLDINGS CO OPT	VRT	$45.2M	options only	0.22%	+0.02pp	22q	OPTIONS
SCHWAB CHARLES CORP OPT	SCHW	$45.0M	411,354	0.21%	-0.22pp	28q	-58.9%-$64.5M
ABBOTT LABORATORIES OPT	ABT	$44.9M	options only	0.21%	+0.08pp	27q	OPTIONS
NASDAQ INC OPT	NDAQ	$44.8M	497,093	0.21%	+0.16pp	3q	+296.1%+$33.5M
ECHOSTAR CORP OPT	ECHO	$44.7M	306,237	0.21%	-	new	NEW
TE CONNECTIVITY PLC	TEL	$44.7M	203,771	0.21%	-	new	NEW
ROCKET LAB CORP OPT	RKLB	$44.7M	579,372	0.21%	+0.05pp	2q	+191.0%+$29.3M
TARGET CORP OPT	TGT	$44.1M	options only	0.21%	-0.09pp	28q	OPTIONS
LULULEMON ATHLETICA INC OPT	LULU	$43.3M	options only	0.21%	+0.08pp	28q	OPTIONS
NRG ENERGY INC OPT	NRG	$43.2M	89,301	0.21%	-0.06pp	28q	-66.8%-$87.0M
GLOBAL X FDS OPT	SIL	$43.0M	options only	0.20%	+0.18pp	6q	OPTIONS
CAMECO CORP OPT	CCJ	$42.8M	options only	0.20%	+0.14pp	28q	OPTIONS
HONEYWELL INTL INC OPT	HONZZZZ	$42.6M	167,308	0.20%	-0.03pp	20q	-12.0%-$5.8M
ACCENTURE PLC IRELAND OPT	ACN	$42.4M	options only	0.20%	+0.03pp	28q	OPTIONS
THE TRADE DESK INC OPT	TTD	$42.4M	options only	0.20%	-0.24pp	20q	OPTIONS
CHUBB LIMITED OPT	CB	$41.8M	116,645	0.20%	+0.15pp	5q	HELD
CVS HEALTH CORP OPT	CVS	$41.6M	options only	0.20%	flat	28q	OPTIONS
DOW HLDGS INC OPT	DOW	$41.5M	options only	0.20%	+0.03pp	26q	OPTIONS
THERMO FISHER SCIENTIFIC INC OPT	TMO	$40.9M	26,469	0.19%	-0.25pp	28q	-79.0%-$154.1M
DEXCOM INC OPT	DXCM	$40.9M	474,151	0.19%	+0.14pp	28q	HELD
AST SPACEMOBILE INC OPT	ASTS	$40.7M	options only	0.19%	+0.12pp	7q	OPTIONS
CHEVRON CORPORATION OPT	CVX	$40.3M	options only	0.19%	-0.03pp	28q	OPTIONS
MERCADOLIBRE INC OPT	MELI	$40.2M	options only	0.19%	-0.06pp	24q	OPTIONS
UNITED AIRLS HLDGS INC OPT	UAL	$40.0M	120,069	0.19%	-0.03pp	28q	HELD
CME GROUP INC OPT	CME	$39.9M	75,000	0.19%	-0.04pp	27q	-32.9%-$19.6M
AMPHENOL CORP OPT	APH	$39.8M	options only	0.19%	-0.13pp	7q	OPTIONS
S&P GLOBAL INC OPT	SPGI	$39.7M	74,877	0.19%	+0.16pp	28q	HELD
UNITY SOFTWARE INC OPT	U	$39.6M	570,110	0.19%	+0.17pp	19q	HELD
OCCIDENTAL PETE CORP OPT	OXY	$39.1M	options only	0.19%	+0.03pp	28q	OPTIONS
CELSIUS HLDGS INC OPT	CELH	$38.8M	327,424	0.18%	+0.08pp	23q	HELD
MP MATERIALS CORP OPT	MP	$38.8M	31,930	0.18%	+0.17pp	2q	HELD
MARVELL TECHNOLOGY INC OPT	MRVL	$38.4M	options only	0.18%	+0.03pp	18q	OPTIONS
JABIL INC OPT	JBL	$38.3M	options only	0.18%	+0.01pp	28q	OPTIONS
TAPESTRY INC OPT	TPR	$37.2M	options only	0.18%	-0.02pp	11q	OPTIONS
EVERPURE INC OPT	P	$37.2M	201,136	0.18%	+0.11pp	26q	HELD
OREILLY AUTOMOTIVE INC OPT	ORLY	$37.0M	335,760	0.18%	+0.15pp	28q	HELD
STRATEGY INC OPT	MSTR	$35.7M	56,336	0.17%	-0.28pp	10q	+547.4%+$30.2M
BWX TECHNOLOGIES INC OPT	BWXT	$35.6M	options only	0.17%	+0.12pp	5q	OPTIONS
CONOCOPHILLIPS OPT	COP	$35.4M	221,351	0.17%	-0.04pp	28q	HELD
HF SINCLAIR CORP OPT	DINO	$35.3M	661,998	0.17%	+0.15pp	4q	+874.3%+$31.7M
FORTINET INC OPT	FTNT	$35.0M	options only	0.17%	-0.07pp	28q	OPTIONS
MOSAIC CO OPT	MOS	$34.6M	713,618	0.17%	+0.07pp	28q	+151.6%+$20.9M
RTX CORPORATION OPT	RTX	$34.5M	options only	0.16%	+0.06pp	22q	OPTIONS
COMCAST CORP NEW OPT	CMCSA	$34.1M	814,688	0.16%	-0.10pp	4q	-36.5%-$19.6M
COMFORT SYS USA INC OPT	FIX	$34.1M	13,285	0.16%	+0.11pp	14q	HELD
FERGUSON ENTERPRISES INC OPT	FERG	$33.2M	131,164	0.16%	+0.13pp	5q	HELD
STATE STR SPDR DOW JONES IND OPT	DIA	$32.9M	options only	0.16%	flat	4q	OPTIONS
SELECT SECTOR SPDR TR OPT	XLP	$32.9M	36,127	0.16%	-0.01pp	7q	HELD
FEDEX CORP OPT	FDX	$32.8M	options only	0.16%	-0.17pp	28q	OPTIONS
FREEPORT-MCMORAN INC OPT	FCX	$32.6M	607,467	0.16%	+0.08pp	10q	HELD
GENERAL MTRS CO OPT	GM	$32.6M	478,182	0.16%	-0.09pp	28q	-48.9%-$31.1M
RIVIAN AUTOMOTIVE INC OPT	RIVN	$32.5M	options only	0.15%	+0.03pp	16q	OPTIONS
GRAB HOLDINGS LIMITED	GRAB	$32.2M	5,355,582	0.15%	+0.12pp	5q	+236.6%+$22.7M
DOVER CORP OPT	DOV	$32.2M	190,368	0.15%	+0.06pp	3q	+83.4%+$14.6M
ROPER TECHNOLOGIES INC	ROP	$32.2M	64,493	0.15%	-	new	NEW
JOHNSON & JOHNSON OPT	JNJ	$32.1M	options only	0.15%	-0.04pp	28q	OPTIONS
UNITED PARCEL SVCS INC OPT	UPS	$32.0M	options only	0.15%	-0.09pp	28q	OPTIONS
PAYPAL HLDGS INC OPT	PYPL	$31.9M	279,813	0.15%	-0.03pp	28q	HELD
INTERACTIVE BROKERS GROUP IN OPT	IBKR	$31.7M	options only	0.15%	+0.06pp	21q	OPTIONS
EMERSON ELEC CO OPT	EMR	$31.3M	options only	0.15%	+0.06pp	28q	OPTIONS
SIBANYE STILLWATER LTD OPT	SBSW	$31.3M	2,694,240	0.15%	+0.09pp	22q	+42.4%+$9.3M
AMERICAN TOWER CORP OPT	AMT	$31.3M	150,320	0.15%	+0.14pp	5q	HELD
ELASTIC N V OPT	ESTC	$31.1M	297,724	0.15%	-0.10pp	27q	-45.6%-$26.1M
LAM RESEARCH CORP OPT	LRCX	$30.7M	options only	0.15%	+0.10pp	4q	OPTIONS
3M CO OPT	MMM	$30.7M	options only	0.15%	flat	27q	OPTIONS
OKTA INC OPT	OKTA	$30.5M	74,513	0.15%	+0.06pp	27q	HELD
AVIS BUDGET GROUP INC OPT	CAR	$30.5M	options only	0.15%	+0.03pp	21q	OPTIONS
PETROLEO BRASILEIRO S A OPT	PBR	$30.5M	1,932,399	0.15%	+0.09pp	17q	+508.3%+$25.4M
SAMSARA INC OPT	IOT	$30.1M	535,140	0.14%	+0.08pp	16q	HELD
ATLASSIAN CORPORATION OPT	TEAM	$29.9M	135,496	0.14%	+0.09pp	12q	HELD
SOLAREDGE TECHNOLOGIES INC OPT	SEDG	$29.8M	265,927	0.14%	+0.14pp	20q	+1049.9%+$27.2M
PINNACLE WEST CAP CORP	PNW	$29.8M	332,537	0.14%	+0.04pp	4q	+32.6%+$7.3M
ALTRIA GROUP INC OPT	MO	$29.7M	options only	0.14%	+0.02pp	28q	OPTIONS
PINTEREST INC OPT	PINS	$29.7M	options only	0.14%	+0.01pp	26q	OPTIONS
ON SEMICONDUCTOR CORP OPT	ON	$29.6M	options only	0.14%	-0.03pp	28q	OPTIONS
FISERV INC OPT	FISV	$29.5M	216,658	0.14%	-0.21pp	28q	-46.1%-$25.2M
SPROUTS FMRS MKT INC OPT	SFM	$29.1M	201,583	0.14%	-0.35pp	9q	-53.3%-$33.1M
ISHARES TR OPT	ITA	$29.0M	options only	0.14%	+0.10pp	6q	OPTIONS
PG&E CORP OPT	PCG	$28.8M	1,488,753	0.14%	-0.07pp	22q	-51.5%-$30.6M
EMCOR GROUP INC OPT	EME	$28.7M	options only	0.14%	+0.06pp	19q	OPTIONS
QUANTA SVCS INC OPT	PWR	$28.4M	options only	0.14%	-0.03pp	10q	OPTIONS
BARCLAYS PLC	BCS	$28.1M	1,360,947	0.13%	-0.01pp	3q	-16.6%-$5.6M
ISHARES TR OPT	IEF	$27.9M	5,940	0.13%	flat	3q	HELD
PFIZER INC OPT	PFE	$27.9M	options only	0.13%	+0.02pp	28q	OPTIONS
SLB LIMITED OPT	SLB	$27.8M	options only	0.13%	-0.08pp	28q	OPTIONS
SPDR SERIES TRUST OPT	XBI	$27.7M	options only	0.13%	-0.04pp	7q	OPTIONS
RH OPT	RH	$27.3M	options only	0.13%	-0.04pp	28q	OPTIONS
GAP INC OPT	GAP	$27.2M	1,263,607	0.13%	+0.10pp	28q	+368.8%+$21.4M
PROCTER & GAMBLE CO OPT	PG	$27.0M	options only	0.13%	-0.24pp	26q	OPTIONS
NU HLDGS LTD OPT	NU	$27.0M	1,356,037	0.13%	-0.04pp	15q	-37.9%-$16.4M
CDW CORP OPT	CDW	$26.8M	146,487	0.13%	+0.10pp	6q	HELD
ISHARES TR OPT	EEM	$26.8M	options only	0.13%	-0.02pp	7q	OPTIONS
MARKETAXESS HLDGS INC	MKTX	$26.6M	152,726	0.13%	+0.06pp	3q	+163.1%+$16.5M
SOFI TECHNOLOGIES INC OPT	SOFI	$26.4M	options only	0.13%	-0.29pp	15q	OPTIONS
ABBVIE INC OPT	ABBV	$26.3M	options only	0.13%	-0.44pp	28q	OPTIONS
ENCOMPASS HEALTH CORP	EHC	$26.2M	206,642	0.13%	+0.05pp	4q	+45.6%+$8.2M
AT&T INC OPT	T	$26.1M	657,909	0.12%	-0.01pp	28q	HELD
SYMBOTIC INC OPT	SYM	$25.9M	options only	0.12%	+0.09pp	9q	OPTIONS
ELECTRONIC ARTS INC OPT	EA	$25.9M	options only	0.12%	+0.10pp	28q	OPTIONS
UIPATH INC	PATH	$25.4M	1,901,909	0.12%	+0.12pp	18q	HELD
THOMSON REUTERS CORP	TRIXXXX	$25.4M	163,659	0.12%	-	new	NEW
MOBILEYE GLOBAL INC	MBLY	$25.4M	1,798,518	0.12%	-0.01pp	8q	+12.9%+$2.9M
PAYLOCITY HLDG CORP	PCTY	$25.4M	159,226	0.12%	-	new	NEW
RIGETTI COMPUTING INC OPT	RGTI	$25.3M	706,259	0.12%	-	new	NEW
MCDONALDS CORP OPT	MCD	$25.1M	39,636	0.12%	-0.22pp	2q	-83.8%-$129.7M
ZOOM COMMUNICATIONS INC OPT	ZM	$25.1M	119,721	0.12%	+0.01pp	24q	HELD
SELECT SECTOR SPDR TR OPT	XLV	$25.0M	options only	0.12%	-0.10pp	6q	OPTIONS
AIR PRODUCTS AND CHEMICALS I OPT	APD	$25.0M	options only	0.12%	-0.01pp	27q	OPTIONS
BLOCK INC OPT	XYZ	$24.9M	3,223	0.12%	+0.07pp	28q	HELD
CLEVELAND-CLIFFS INC NEW OPT	CLF	$24.7M	options only	0.12%	-0.03pp	22q	OPTIONS
MARA HOLDINGS INC OPT	MARA	$24.5M	927,705	0.12%	-0.05pp	8q	+315.1%+$18.6M
BANK OF AMER CORP OPT	BAC	$24.3M	384,884	0.12%	-0.13pp	28q	-64.0%-$43.3M
DYNATRACE INC OPT	DT	$23.7M	464,584	0.11%	+0.05pp	11q	+130.0%+$13.4M
NUCOR CORP OPT	NUE	$23.4M	options only	0.11%	flat	28q	OPTIONS
SUNCOR ENERGY INC NEW OPT	SU	$23.4M	305,495	0.11%	-0.08pp	28q	-68.4%-$50.7M
CRANE COMPANY	CR	$23.3M	126,658	0.11%	-	new	NEW
CARPENTER TECHNOLOGY CORP OPT	CRS	$23.2M	32,046	0.11%	+0.03pp	6q	+235.3%+$16.3M
FRANKLIN RESOURCES INC	BEN	$23.1M	998,147	0.11%	-	new	NEW
DEVON ENERGY CORP NEW OPT	DVN	$23.0M	options only	0.11%	flat	28q	OPTIONS
TAKE-TWO INTERACTIVE SOFTWAR OPT	TTWO	$23.0M	options only	0.11%	-0.01pp	8q	OPTIONS
STATE STR SPDR S&P 500 ETF T OPT	SPY	$23.0M	options only	0.11%	-0.10pp	8q	OPTIONS
ZEBRA TECHNOLOGIES CORPORATI OPT	ZBRA	$22.9M	69,527	0.11%	+0.09pp	28q	HELD
AMERICAN EXPRESS CO OPT	AXP	$22.7M	options only	0.11%	+0.05pp	28q	OPTIONS
DRAFTKINGS INC NEW OPT	DKNG	$22.7M	options only	0.11%	-0.03pp	14q	OPTIONS
ASTERA LABS INC OPT	ALAB	$22.6M	options only	0.11%	+0.02pp	5q	OPTIONS
MUELLER INDS INC	MLI	$22.4M	221,554	0.11%	-0.06pp	2q	-52.4%-$24.6M
CISCO SYS INC OPT	CSCO	$22.2M	options only	0.11%	+0.03pp	28q	OPTIONS
GUIDEWIRE SOFTWARE INC OPT	GWRE	$22.2M	21,215	0.11%	-0.06pp	5q	-66.1%-$43.3M
MONSTER BEVERAGE CORP NEW OPT	MNST	$22.1M	231,218	0.11%	+0.03pp	28q	+14.9%+$2.9M
WHEATON PRECIOUS METALS CORP OPT	WPM	$22.1M	options only	0.11%	+0.07pp	7q	OPTIONS
MORGAN STANLEY OPT	MS	$22.0M	44,710	0.10%	+0.03pp	28q	HELD
AGNICO EAGLE MINES LTD OPT	AEM	$22.0M	options only	0.10%	-0.03pp	19q	OPTIONS
CORTEVA INC	CTVA	$22.0M	324,733	0.10%	+0.05pp	2q	+110.1%+$11.5M
LAUDER ESTEE COS INC OPT	EL	$22.0M	options only	0.10%	-0.02pp	28q	OPTIONS
KKR & CO INC OPT	KKR	$21.9M	65,150	0.10%	+0.06pp	9q	HELD
TUTOR PERINI CORP	TPC	$21.9M	333,680	0.10%	+0.04pp	3q	+14.2%+$2.7M
TENET HEALTHCARE CORP OPT	THC	$21.8M	23,767	0.10%	+0.04pp	28q	+90.0%+$10.3M
DEERE & CO OPT	DE	$21.7M	options only	0.10%	-0.04pp	28q	OPTIONS
VERIZON COMMUNICATIONS INC OPT	VZ	$21.6M	options only	0.10%	+0.08pp	28q	OPTIONS
CITIGROUP INC OPT	C	$21.6M	options only	0.10%	+0.01pp	28q	OPTIONS
DISNEY WALT CO OPT	DIS	$21.4M	options only	0.10%	-0.13pp	28q	OPTIONS
CARVANA CO OPT	CVNA	$21.2M	options only	0.10%	-0.13pp	22q	OPTIONS
MORNINGSTAR INC	MORN	$21.1M	90,762	0.10%	+0.04pp	9q	+118.4%+$11.4M
B2GOLD CORP	BTG	$21.0M	4,251,774	0.10%	-	new	NEW
AGREE RLTY CORP	ADC	$21.0M	295,115	0.10%	flat	3q	+3.0%+$611.4K
BOOKING HOLDINGS INC OPT	BKNG	$20.5M	options only	0.10%	-0.02pp	28q	OPTIONS
AMETEK INC	AME	$20.5M	108,927	0.10%	-	new	NEW
TRADEWEB MKTS INC	TW	$20.4M	183,940	0.10%	-	new	NEW
UGI CORP NEW	UGI	$20.4M	612,274	0.10%	+0.06pp	10q	+192.9%+$13.4M
AON PLC OPT	AON	$20.3M	51,328	0.10%	+0.07pp	3q	HELD
JEFFERIES FINANCIAL GROUP IN OPT	JEF	$20.2M	212,789	0.10%	+0.05pp	5q	+445.3%+$16.5M
QORVO INC OPT	QRVO	$20.2M	161,039	0.10%	+0.03pp	28q	+73.5%+$8.5M
DUOLINGO INC OPT	DUOL	$20.1M	options only	0.10%	-0.03pp	16q	OPTIONS
COREWEAVE INC OPT	CRWV	$20.1M	options only	0.10%	-	new	OPTIONS
EXLSERVICE HLDGS INC	EXLS	$20.1M	456,171	0.10%	-0.08pp	27q	-46.6%-$17.5M
EPAM SYS INC OPT	EPAM	$20.0M	70,760	0.10%	-0.07pp	27q	-51.1%-$20.9M
PROGRESSIVE CORP OPT	PGR	$19.9M	options only	0.09%	-0.30pp	28q	OPTIONS
EOG RES INC OPT	EOG	$19.8M	options only	0.09%	+0.02pp	28q	OPTIONS
HECLA MINING COMPANY OPT	HL	$19.8M	1,582,592	0.09%	-	new	NEW
APPLIED INDL TECHNOLOGIES IN	AIT	$19.8M	75,881	0.09%	+0.02pp	2q	+3.4%+$644.3K
HP INC OPT	HPQ	$19.8M	options only	0.09%	+0.03pp	28q	OPTIONS
FIRST TR EXCHANGE TRADED FD OPT	CIBR	$19.6M	options only	0.09%	flat	7q	OPTIONS
BORGWARNER INC	BWA	$19.6M	445,447	0.09%	+0.02pp	3q	-2.4%-$482.2K
MANULIFE FINL CORP	MFC	$19.5M	624,835	0.09%	+0.08pp	3q	+556.5%+$16.5M
CORE SCIENTIFIC INC NEW OPT	CORZ	$19.4M	1,065,163	0.09%	+0.09pp	5q	+4613.1%+$19.0M
WASTE MGMT INC DEL OPT	WM	$19.4M	options only	0.09%	-0.05pp	28q	OPTIONS
ISHARES TR OPT	EFA	$19.3M	13,723	0.09%	-0.05pp	7q	HELD
MICROCHIP TECHNOLOGY INC. OPT	MCHP	$19.3M	options only	0.09%	-0.04pp	28q	OPTIONS
APOLLO GLOBAL MGMT INC OPT	APO	$19.2M	options only	0.09%	+0.02pp	8q	OPTIONS
US BANCORP OPT	USB	$19.1M	275,684	0.09%	+0.07pp	28q	HELD
GRANITE CONSTR INC	GVA	$19.1M	174,028	0.09%	-0.03pp	8q	-36.7%-$11.0M
EXPAND ENERGY CORPORATION OPT	EXE	$19.0M	options only	0.09%	+0.06pp	5q	OPTIONS
SCHWAB STRATEGIC TR OPT	SCHD	$18.9M	170,319	0.09%	+0.03pp	2q	HELD
INVESCO EXCHANGE TRADED FD T OPT	RSP	$18.8M	options only	0.09%	+0.06pp	2q	OPTIONS
BRIGHT HORIZONS FAM SOL IN D	BFAM	$18.8M	173,257	0.09%	+0.04pp	2q	+111.8%+$9.9M
LEONARDO DRS INC	DRS	$18.7M	411,979	0.09%	+0.04pp	2q	+98.2%+$9.3M
SOUTHERN CO OPT	SO	$18.6M	options only	0.09%	+0.01pp	28q	OPTIONS
ISHARES INC OPT	EWZ	$18.5M	308,656	0.09%	+0.07pp	7q	+2397.0%+$17.8M
BRISTOL-MYERS SQUIBB CO OPT	BMY	$18.2M	377,758	0.09%	+0.07pp	28q	HELD
ALCOA CORP OPT	AA	$18.0M	281,086	0.09%	+0.03pp	28q	+1804.1%+$17.0M
STERLING INFRASTRUCTURE INC OPT	STRL	$17.9M	options only	0.09%	+0.03pp	9q	OPTIONS
HOME BANCSHARES INC	HOMB	$17.8M	630,225	0.08%	+0.03pp	2q	+38.7%+$5.0M
INTERDIGITAL INC OPT	IDCC	$17.8M	27,830	0.08%	-0.01pp	5q	-68.5%-$38.7M
GENERAL DYNAMICS CORP OPT	GD	$17.6M	options only	0.08%	-0.03pp	28q	OPTIONS
MONOLITHIC PWR SYS INC OPT	MPWR	$17.6M	options only	0.08%	+0.04pp	9q	OPTIONS
CARDINAL HEALTH INC OPT	CAH	$17.6M	options only	0.08%	+0.04pp	28q	OPTIONS
MUELLER WTR PRODS INC	MWA	$17.4M	682,212	0.08%	-	new	NEW
TORONTO DOMINION BK ONT OPT	TD	$17.4M	options only	0.08%	+0.07pp	21q	OPTIONS
NATERA INC	NTRA	$17.3M	107,520	0.08%	+0.04pp	28q	+119.8%+$9.4M
HALLIBURTON CO OPT	HAL	$17.3M	options only	0.08%	+0.02pp	22q	OPTIONS
HUBSPOT INC OPT	HUBS	$17.1M	29,598	0.08%	+0.04pp	28q	+712.5%+$15.0M
WABTEC	WAB	$17.1M	85,398	0.08%	-0.06pp	28q	-40.2%-$11.5M
COEUR MNG INC OPT	CDE	$17.1M	861,138	0.08%	+0.04pp	2q	-19.0%-$4.0M
CROWN HLDGS INC	CCK	$17.0M	176,382	0.08%	+0.06pp	8q	+284.1%+$12.6M
WELLS FARGO & CO OPT	WFC	$17.0M	options only	0.08%	+0.04pp	28q	OPTIONS
D-WAVE QUANTUM INC OPT	QBTS	$17.0M	675,561	0.08%	-	new	NEW
AMERICAN AIRLINES GROUP INC OPT	AAL	$16.9M	options only	0.08%	flat	25q	OPTIONS
ARMSTRONG WORLD INDS INC NEW	AWI	$16.9M	86,003	0.08%	+0.02pp	5q	+3.5%+$571.2K
NORTHROP GRUMMAN CORP OPT	NOC	$16.8M	3,456	0.08%	+0.04pp	28q	HELD
MARATHON PETE CORP OPT	MPC	$16.8M	options only	0.08%	+0.03pp	27q	OPTIONS
BUNGE GLOBAL SA OPT	BG	$16.7M	options only	0.08%	+0.06pp	8q	OPTIONS
RYANAIR HOLDINGS PLC	RYAAY	$16.7M	277,000	0.08%	-	new	NEW
HUMANA INC OPT	HUM	$16.7M	18,735	0.08%	+0.05pp	28q	+85.4%+$7.7M
ALLISON TRANSMISSION HLDGS I	ALSN	$16.6M	195,159	0.08%	-0.01pp	2q	-2.5%-$428.7K
VISA INC OPT	V	$16.4M	options only	0.08%	+0.02pp	28q	OPTIONS
L3HARRIS TECHNOLOGIES INC OPT	LHX	$16.4M	options only	0.08%	+0.01pp	5q	OPTIONS
TECHNIPFMC PLC	FTI	$16.4M	414,881	0.08%	flat	8q	-16.6%-$3.3M
ENPHASE ENERGY INC OPT	ENPH	$16.2M	288,274	0.08%	+0.07pp	27q	HELD
STRIDE INC OPT	LRN	$16.2M	61,552	0.08%	-0.14pp	17q	-75.5%-$50.0M
WISDOMTREE INC	WT	$16.2M	1,165,220	0.08%	+0.06pp	5q	+187.5%+$10.6M
PILGRIMS PRIDE CORP	PPC	$16.1M	395,319	0.08%	+0.01pp	10q	+23.3%+$3.0M
GAMESTOP CORP	GME	$16.0M	588,010	0.08%	+0.06pp	3q	+463.5%+$13.2M
TEXAS INSTRS INC OPT	TXN	$16.0M	options only	0.08%	flat	28q	OPTIONS
ROSS STORES INC OPT	ROST	$16.0M	options only	0.08%	-0.08pp	23q	OPTIONS
DELEK US HLDGS INC NEW	DK	$16.0M	495,352	0.08%	-	new	NEW
FIVE BELOW INC OPT	FIVE	$15.9M	94,076	0.08%	+0.02pp	28q	+34.2%+$4.1M
CINTAS CORP OPT	CTAS	$15.9M	55,142	0.08%	+0.07pp	8q	HELD
SANDISK CORP	SNDK	$15.9M	141,357	0.08%	-	new	NEW
STRYKER CORPORATION OPT	SYK	$15.8M	35,270	0.08%	+0.06pp	28q	HELD
VERISIGN INC OPT	VRSN	$15.8M	54,775	0.08%	+0.05pp	2q	+275.6%+$11.6M
WAYFAIR INC OPT	W	$15.7M	options only	0.07%	+0.03pp	22q	OPTIONS
CADENCE DESIGN SYSTEM INC OPT	CDNS	$15.7M	options only	0.07%	-0.13pp	28q	OPTIONS
HEWLETT PACKARD ENTERPRISE C OPT	HPE	$15.6M	options only	0.07%	-0.01pp	3q	OPTIONS
HUNTSMAN CORP OPT	HUN	$15.5M	1,620,448	0.07%	-	new	NEW
IRHYTHM HOLDINGS INC	IRTC	$15.3M	89,220	0.07%	-0.01pp	5q	-19.4%-$3.7M
EDISON INTL OPT	EIX	$15.3M	267,640	0.07%	-0.17pp	4q	-67.2%-$31.2M
AMPLIFY ETF TR OPT	SILJ	$15.2M	options only	0.07%	+0.04pp	6q	OPTIONS
SABRA HEALTH CARE REIT INC	SBRA	$15.2M	817,748	0.07%	-	new	NEW
INTERNATIONAL FLAVORS&FRAGRA OPT	IFF	$15.2M	213,776	0.07%	+0.06pp	5q	HELD
LOCKHEED MARTIN CORP OPT	LMT	$15.2M	5,754	0.07%	-0.28pp	28q	-95.4%-$314.3M
LIVE NATION ENTERTAINMENT IN OPT	LYV	$15.2M	options only	0.07%	+0.02pp	4q	OPTIONS
VISTANCE NETWORKS INC OPT	VISN	$15.1M	818,290	0.07%	+0.04pp	2q	+0.6%+$93.9K
SKYWEST INC	SKYW	$15.1M	149,997	0.07%	+0.01pp	5q	+6.3%+$895.5K
OWENS CORNING NEW OPT	OC	$15.1M	99,391	0.07%	-0.07pp	4q	-50.1%-$15.1M
BECTON DICKINSON & CO OPT	BDX	$15.0M	options only	0.07%	-0.01pp	2q	OPTIONS
TERAWULF INC OPT	WULF	$14.9M	1,015,560	0.07%	-	new	NEW
CLEANSPARK INC OPT	CLSK	$14.9M	563,859	0.07%	+0.01pp	2q	HELD
TEMPUS AI INC OPT	TEM	$14.9M	options only	0.07%	+0.01pp	3q	OPTIONS
CAESARS ENTERTAINMENT INC NE OPT	CZR	$14.9M	374,391	0.07%	+0.03pp	21q	HELD
BP PLC OPT	BP	$14.9M	236,197	0.07%	+0.05pp	5q	HELD
ARES MANAGEMENT CORPORATION	ARES	$14.8M	92,777	0.07%	+0.07pp	2q	HELD
FTAI AVIATION LTD OPT	FTAI	$14.8M	59,330	0.07%	+0.05pp	7q	HELD
KINIKSA PHARMACEUTICALS INTL	KNSA	$14.8M	381,319	0.07%	-0.01pp	3q	-42.0%-$10.7M
CBRE GROUP INC OPT	CBRE	$14.7M	91,012	0.07%	-0.05pp	28q	-52.6%-$16.3M
NATWEST GROUP PLC	NWG	$14.7M	1,041,018	0.07%	-0.04pp	10q	-36.8%-$8.6M
NMI HLDGS INC	NMIH	$14.6M	381,860	0.07%	-0.01pp	10q	-10.0%-$1.6M
QUALCOMM INC OPT	QCOM	$14.5M	options only	0.07%	-0.12pp	28q	OPTIONS
AES CORP OPT	AES	$14.4M	187,921	0.07%	+0.01pp	28q	HELD
VITAL FARMS INC OPT	VITL	$14.4M	337,180	0.07%	-	new	NEW
CORNING INC OPT	GLW	$14.4M	options only	0.07%	+0.02pp	5q	OPTIONS
AMERICAN ELEC PWR CO INC OPT	AEP	$14.3M	46,478	0.07%	+0.05pp	5q	HELD
PORTLAND GEN ELEC CO	POR	$14.3M	324,475	0.07%	-	new	NEW
ROIVANT SCIENCES LTD	ROIV	$14.3M	943,163	0.07%	-	new	NEW
AMER SPORTS INC	AS	$14.2M	408,973	0.07%	-0.04pp	2q	-34.5%-$7.5M
ETSY INC OPT	ETSY	$14.2M	options only	0.07%	+0.02pp	28q	OPTIONS
KIMBERLY-CLARK CORP OPT	KMB	$14.2M	options only	0.07%	+0.04pp	21q	OPTIONS
CUMMINS INC OPT	CMI	$14.1M	options only	0.07%	-0.17pp	28q	OPTIONS
ROYAL GOLD INC OPT	RGLD	$14.1M	options only	0.07%	-	new	OPTIONS
FRESHWORKS INC	FRSH	$13.9M	1,183,763	0.07%	+0.02pp	2q	+86.0%+$6.4M
AMKOR TECHNOLOGY INC	AMKR	$13.9M	488,603	0.07%	+0.05pp	2q	+149.8%+$8.3M
MANHATTAN ASSOCIATES INC OPT	MANH	$13.9M	26,067	0.07%	+0.02pp	28q	HELD
BELLRING BRANDS INC OPT	BRBR	$13.9M	345,689	0.07%	-0.04pp	15q	-14.3%-$2.3M
FLEX LTD OPT	FLEX	$13.8M	200,606	0.07%	+0.04pp	3q	HELD
CANADIAN NAT RES LTD MED TER OPT	CNQ	$13.8M	options only	0.07%	+0.01pp	28q	OPTIONS
E L F BEAUTY INC OPT	ELF	$13.8M	options only	0.07%	-0.05pp	26q	OPTIONS
COURSERA INC	COUR	$13.7M	1,172,721	0.07%	+0.06pp	3q	+362.1%+$10.8M
NETSTREIT CORP	NTST	$13.7M	757,725	0.07%	+0.06pp	2q	+590.7%+$11.7M
SONOS INC	SONO	$13.5M	853,021	0.06%	-0.01pp	28q	-38.8%-$8.5M
REALTY INCOME CORP OPT	O	$13.5M	options only	0.06%	+0.05pp	11q	OPTIONS
OSHKOSH CORP	OSK	$13.4M	103,671	0.06%	-	new	NEW
ISHARES TR OPT	MTUM	$13.4M	options only	0.06%	-0.05pp	7q	OPTIONS
HCA HEALTHCARE INC OPT	HCA	$13.4M	options only	0.06%	+0.05pp	28q	OPTIONS
CREDICORP LTD	BAP	$13.4M	50,379	0.06%	+0.06pp	4q	+612.1%+$11.5M
MGM RESORTS INTERNATIONAL OPT	MGM	$13.4M	options only	0.06%	flat	28q	OPTIONS
VERTEX PHARMACEUTICALS INC OPT	VRTX	$13.4M	options only	0.06%	-0.02pp	4q	OPTIONS
INVITATION HOMES INC	INVH	$13.2M	451,056	0.06%	-0.01pp	2q	-3.2%-$442.8K
CASEYS GEN STORES INC OPT	CASY	$13.2M	options only	0.06%	flat	3q	OPTIONS
SELECT SECTOR SPDR TR OPT	XLC	$13.2M	options only	0.06%	-0.07pp	7q	OPTIONS
SIMMONS FIRST NATL CORP	SFNC	$13.2M	688,726	0.06%	+0.02pp	4q	+44.4%+$4.1M
ELEVANCE HEALTH INC FORMERLY OPT	ELV	$13.2M	options only	0.06%	+0.04pp	28q	OPTIONS
SOUTHWEST AIRLS CO OPT	LUV	$13.1M	options only	0.06%	+0.03pp	3q	OPTIONS
MAPLEBEAR INC OPT	CART	$13.0M	352,599	0.06%	+0.06pp	3q	HELD
JOBY AVIATION INC OPT	JOBY	$13.0M	options only	0.06%	+0.06pp	3q	OPTIONS
INTUIT OPT	INTU	$13.0M	options only	0.06%	-0.22pp	28q	OPTIONS
D R HORTON INC OPT	DHI	$13.0M	options only	0.06%	+0.03pp	26q	OPTIONS
DUKE ENERGY CORP NEW OPT	DUK	$12.9M	options only	0.06%	+0.02pp	28q	OPTIONS
FIVE9 INC OPT	FIVN	$12.9M	417,869	0.06%	-0.01pp	28q	-4.3%-$577.0K
TENCENT MUSIC ENTMT GROUP OPT	TME	$12.9M	options only	0.06%	-	new	OPTIONS
MONDELEZ INTL INC OPT	MDLZ	$12.8M	options only	0.06%	+0.01pp	28q	OPTIONS
GRAPHIC PACKAGING HLDG CO	GPK	$12.8M	655,647	0.06%	-	new	NEW
INTERNATIONAL PAPER CO OPT	IP	$12.8M	options only	0.06%	+0.03pp	24q	OPTIONS
ANGLOGOLD ASHANTI PLC OPT	AU	$12.8M	options only	0.06%	-	new	OPTIONS
HESS MIDSTREAM LP	HESM	$12.7M	368,428	0.06%	+0.02pp	10q	+46.0%+$4.0M
FIRST HORIZON CORPORATION	FHN	$12.7M	562,895	0.06%	-	new	NEW
HASBRO INC	HAS	$12.6M	166,587	0.06%	-	new	NEW
DECKERS OUTDOOR CORP OPT	DECK	$12.6M	options only	0.06%	-0.03pp	28q	OPTIONS

Showing the largest 400 of 2,020 positions.

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Software & IT Services	$3.0B	14.4%
Semiconductors & Electronics	$1.9B	9.3%
Retail & Consumer	$1.2B	5.9%
Capital Markets	$1.2B	5.8%
Business Services	$1.2B	5.5%
Banks & Lending	$954.7M	4.5%
Mining & Metals	$829.6M	4.0%
Autos & Aerospace	$808.7M	3.9%
Computer Hardware	$801.6M	3.8%
Insurance	$695.8M	3.3%
Biotech & Pharma	$631.1M	3.0%
Energy	$627.3M	3.0%
Other sectors	$5.2B	24.6%
Not classified	$1.9B	9.0%

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2025	$21.0B	2,020	562	352	605	521	9.6%	45
Q2 2025	$21.8B	1,979	596	407	501	507	7.6%	45
Q1 2025	$16.5B	1,890	492	484	441	566	7.7%	45
Q4 2024	$16.0B	1,964	519	387	527	510	8.5%	45
Q3 2024	$16.3B	1,955	524	399	517	484	8.7%	45
Q2 2024	$14.7B	1,915	394	471	718	955	10.3%	78
Q1 2024	$17.6B	2,476	583	768	779	505	8.7%	45
Q4 2023	$15.4B	2,398	649	617	799	442	7.6%	45
Q3 2023	$13.5B	2,191	496	599	840	693	8.1%	45
Q2 2023	$15.1B	2,388	454	777	993	926	9.2%	45
Q1 2023	$16.4B	2,860	426	1,018	1,292	801	7.1%	45
Q4 2022	$17.1B	3,235	392	1,144	1,475	744	5.3%	45
Q3 2022	$17.8B	3,587	451	1,559	1,434	655	4.3%	45
Q2 2022	$16.4B	3,791	723	1,704	1,240	431	4.7%	46
Q1 2022	$11.8B	3,499	594	1,633	1,225	529	3.5%	46
Q4 2021	$10.5B	3,434	861	1,444	1,115	355	3.3%	45
Q3 2021	$7.9B	2,928	467	1,124	1,325	433	3.7%	46
Q2 2021	$8.9B	2,894	455	1,233	1,191	363	4.2%	47
Q1 2021	$7.8B	2,802	542	1,126	1,122	277	4.7%	47
Q4 2020	$7.3B	2,537	380	949	1,195	304	5.0%	47
Q3 2020	$6.8B	2,461	371	1,144	942	280	4.5%	47
Q2 2020	$5.8B	2,370	514	1,050	799	269	5.1%	45
Q1 2020	$3.7B	2,125	289	925	897	552	7.8%	45
Q4 2019	$5.5B	2,388	502	1,033	843	294	5.0%	45
Q3 2019	$5.0B	2,180	276	861	1,030	522	6.1%	45
Q2 2019	$5.4B	2,426	505	1,164	738	292	5.6%	45
Q1 2019	$3.1B	2,213	554	899	742	354	6.4%	45
Q4 2018	$2.1B	2,013	0	0	0	0	10.7%	45

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.