UBS Group AG

Reported holdings as of Q2 2026, from 31 quarterly filings.

This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 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

1610520

Reported value

$786.0B

Positions

9,044

Top 10 weight

20.8%

Filed

2026-08-13

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
STATE STR SPDR S&P 500 ETF T CALL+PUT	SPY	$22.4B	12,268,155	2.85%	+0.87pp	31q	HELD
NVIDIA CORPORATION CALL+PUT	NVDA	$22.2B	83,070,573	2.82%	-0.13pp	31q	HELD
APPLE INC CALL+PUT	AAPL	$19.2B	51,802,076	2.44%	+0.04pp	31q	+3.6%+$662.5M
MICROSOFT CORP CALL+PUT	MSFT	$16.9B	35,883,844	2.16%	-0.07pp	31q	+8.6%+$1.3B
INVESCO QQQ TR CALL+PUT	QQQ	$16.9B	5,688,712	2.15%	+0.59pp	31q	-7.0%-$1.3B
MICRON TECHNOLOGY INC CALL+PUT	MU	$14.1B	6,091,903	1.80%	+1.29pp	31q	+0.7%+$99.7M
ELI LILLY & CO CALL+PUT	LLY	$13.8B	3,865,931	1.76%	+1.13pp	31q	-4.4%-$636.3M
AMAZON COM INC CALL+PUT	AMZN	$13.0B	34,232,599	1.65%	+0.32pp	31q	-0.5%-$66.5M
ALPHABET INC CALL+PUT	GOOGL	$12.6B	25,323,537	1.61%	+0.24pp	31q	+4.8%+$583.0M
BROADCOM INC CALL+PUT	AVGO	$12.2B	25,139,967	1.55%	+0.21pp	31q	+2.0%+$239.5M
JPMORGAN CHASE & CO CALL+PUT	JPM	$8.9B	18,807,767	1.14%	+0.18pp	31q	-1.6%-$144.3M
ADVANCED MICRO DEVICES INC CALL+PUT	AMD	$8.0B	6,154,993	1.02%	+0.57pp	31q	-21.3%-$2.2B
ALPHABET INC CALL+PUT	GOOG	$7.7B	19,222,797	0.98%	+0.08pp	31q	+3.8%+$280.0M
META PLATFORMS INC CALL+PUT	META	$6.9B	8,543,093	0.88%	-0.17pp	31q	-7.6%-$562.5M
ISHARES TR	IEFA	$6.7B	69,612,813	0.86%	-0.09pp	31q	HELD
TAIWAN SEMICONDUCTOR MANUFAC CALL+PUT	TSM	$6.4B	9,567,964	0.82%	+0.03pp	31q	-13.1%-$970.1M
UBS GROUP AG CALL+PUT	UBS	$5.8B	107,137,265	0.73%	+0.04pp	31q	HELD
TESLA INC CALL+PUT	TSLA	$4.9B	5,723,603	0.63%	-0.05pp	31q	+4.6%+$216.5M
INTEL CORP CALL+PUT	INTC	$4.8B	19,502,935	0.61%	+0.31pp	31q	-28.5%-$1.9B
VISA INC CALL+PUT	V	$4.8B	12,696,659	0.61%	flat	31q	+5.4%+$243.4M
ISHARES TR CALL+PUT	IWM	$4.7B	5,127,567	0.60%	-0.08pp	31q	-23.9%-$1.5B
SPDR GOLD TR CALL+PUT	GLD	$4.6B	7,097,437	0.58%	-0.42pp	31q	+7.8%+$332.1M
VANGUARD INDEX FDS	VO	$4.5B	55,523,351	0.57%	-0.01pp	31q	+314.4%+$3.4B
VANGUARD SCOTTSDALE FDS	VONG	$3.8B	29,798,193	0.48%	+0.01pp	21q	+3.4%+$124.6M
MARVELL TECHNOLOGY INC CALL+PUT	MRVL	$3.7B	5,863,014	0.47%	+0.18pp	21q	-34.3%-$1.9B
ABBVIE INC CALL+PUT	ABBV	$3.7B	12,845,120	0.47%	-0.02pp	31q	-8.6%-$346.8M
CISCO SYS INC CALL+PUT	CSCO	$3.6B	27,793,346	0.46%	+0.06pp	31q	-13.2%-$545.1M
VANGUARD SCOTTSDALE FDS	VONV	$3.5B	33,203,874	0.45%	+0.01pp	9q	+6.0%+$201.2M
LAM RESEARCH CORP CALL+PUT	LRCX	$3.5B	7,688,281	0.44%	+0.22pp	7q	+17.8%+$525.5M
PALO ALTO NETWORKS INC CALL+PUT	PANW	$3.4B	6,758,096	0.44%	+0.17pp	31q	-18.1%-$759.2M
ORACLE CORP CALL+PUT	ORCL	$3.3B	13,398,656	0.43%	-0.08pp	31q	HELD
VANGUARD INDEX FDS CALL	VOO	$3.3B	4,773,701	0.42%	flat	31q	+2.0%+$64.2M
APPLIED MATLS INC CALL+PUT	AMAT	$3.2B	3,718,754	0.40%	+0.20pp	31q	+15.6%+$427.5M
VANGUARD INDEX FDS	VUG	$3.1B	36,061,562	0.40%	flat	31q	+494.2%+$2.6B
ISHARES INC	IEMG	$3.1B	37,283,050	0.39%	flat	31q	-1.0%-$30.1M
ISHARES TR	USIG	$3.0B	58,744,213	0.38%	-0.05pp	31q	+4.8%+$136.7M
JOHNSON & JOHNSON CALL+PUT	JNJ	$3.0B	11,036,891	0.38%	-0.03pp	31q	+8.1%+$224.1M
VANGUARD INDEX FDS	VTV	$3.0B	13,657,773	0.38%	-0.02pp	31q	+1.1%+$33.7M
SPACE EXPLORATION TECHN CORP CALL+PUT	SPCX	$2.9B	3,337,684	0.37%	-	new	NEW
TEXAS INSTRS INC CALL+PUT	TXN	$2.8B	7,514,305	0.36%	+0.06pp	31q	-13.1%-$425.5M
MORGAN STANLEY CALL+PUT	MS	$2.8B	10,529,270	0.36%	+0.03pp	31q	-11.7%-$372.3M
ISHARES TR PUT	IVV	$2.7B	3,653,598	0.35%	-0.11pp	31q	-22.0%-$770.2M
GOLDMAN SACHS GROUP INC CALL+PUT	GS	$2.7B	2,052,126	0.34%	+0.06pp	31q	+2.9%+$75.0M
WALMART INC CALL+PUT	WMT	$2.7B	22,447,440	0.34%	-0.06pp	31q	+11.9%+$285.8M
UNITEDHEALTH GROUP INC CALL+PUT	UNH	$2.7B	3,560,602	0.34%	+0.18pp	31q	+3.1%+$80.8M
COSTCO WHOLESALE CORPORATION CALL+PUT	COST	$2.7B	2,675,980	0.34%	-0.05pp	31q	+7.9%+$194.6M
COCA COLA CO CALL+PUT	KO	$2.5B	27,146,359	0.31%	-0.04pp	31q	-6.4%-$168.7M
GE VERNOVA INC CALL+PUT	GEV	$2.4B	1,889,093	0.31%	+0.07pp	10q	+19.2%+$392.0M
MASTERCARD INCORPORATED CALL+PUT	MA	$2.4B	3,730,940	0.31%	+0.01pp	31q	+2.4%+$57.1M
SELECT SECTOR SPDR TR CALL+PUT	XLK	$2.4B	11,901,128	0.31%	+0.05pp	31q	-2.6%-$65.4M
NETFLIX INC CALL+PUT	NFLX	$2.4B	25,707,292	0.30%	-0.15pp	31q	+11.4%+$242.4M
HOME DEPOT INC CALL+PUT	HD	$2.4B	6,350,453	0.30%	-0.07pp	31q	-12.1%-$324.0M
BERKSHIRE HATHAWAY INC DEL CALL+PUT	BRKB	$2.3B	4,139,212	0.30%	-0.08pp	31q	-9.3%-$239.1M
ISHARES TR	IWF	$2.3B	18,729,649	0.30%	-0.01pp	31q	+288.5%+$1.7B
ROCKET LAB CORP CALL	RKLB	$2.3B	3,609,563	0.29%	+0.10pp	5q	+73.5%+$968.7M
EATON CORP PLC CALL+PUT	ETN	$2.2B	5,243,158	0.28%	+0.02pp	31q	+8.0%+$165.6M
VANGUARD TAX-MANAGED FDS	VEA	$2.2B	30,895,904	0.28%	-0.01pp	31q	+0.8%+$16.4M
MP MATERIALS CORP CALL+PUT	MP	$2.2B	4,322,785	0.28%	flat	23q	+24.4%+$425.6M
NEXTERA ENERGY INC CALL+PUT	NEE	$2.2B	23,325,362	0.28%	-0.07pp	31q	HELD
JABIL INC CALL+PUT	JBL	$2.1B	3,026,741	0.27%	+0.10pp	31q	+79.4%+$929.2M
UBER TECHNOLOGIES INC CALL+PUT	UBER	$2.1B	22,403,377	0.27%	+0.04pp	29q	+24.0%+$405.0M
RTX CORPORATION CALL+PUT	RTX	$2.1B	10,787,134	0.27%	-0.03pp	25q	+8.9%+$171.5M
SELECT SECTOR SPDR TR CALL+PUT	XLF	$2.1B	20,608,270	0.26%	flat	31q	+12.0%+$219.4M
BANK OF AMER CORP CALL+PUT	BAC	$2.0B	22,503,004	0.26%	-0.04pp	31q	-18.0%-$444.3M
ISHARES TR CALL+PUT	EEM	$2.0B	11,560,552	0.26%	-0.22pp	31q	+4.8%+$92.8M
CATERPILLAR INC CALL+PUT	CAT	$2.0B	1,700,215	0.26%	+0.07pp	31q	+21.0%+$349.0M
ISHARES TR	IJH	$2.0B	25,918,017	0.25%	+0.01pp	31q	+6.9%+$129.6M
CITIGROUP INC CALL+PUT	C	$1.9B	6,069,739	0.25%	+0.07pp	31q	-12.9%-$287.9M
PALANTIR TECHNOLOGIES INC CALL+PUT	PLTR	$1.9B	9,236,258	0.24%	-0.05pp	24q	+36.3%+$511.2M
CHEVRON CORPORATION CALL+PUT	CVX	$1.9B	10,688,911	0.24%	-0.12pp	31q	+1.8%+$34.6M
MERCK & CO INC CALL+PUT	MRK	$1.9B	13,744,783	0.24%	-0.02pp	31q	-1.4%-$26.1M
SLB LIMITED CALL+PUT	SLB	$1.9B	31,447,572	0.24%	-0.09pp	9q	-5.2%-$102.3M
SANDISK CORP CALL+PUT	SNDK	$1.8B	626,651	0.23%	+0.16pp	6q	-12.1%-$254.8M
UNION PAC CORP CALL+PUT	UNP	$1.8B	6,641,035	0.23%	+0.01pp	31q	+15.6%+$246.7M
PROCTER & GAMBLE CO CALL+PUT	PG	$1.8B	11,186,041	0.23%	-0.05pp	31q	-5.2%-$101.2M
INVESCO EXCHANGE TRADED FD T CALL+PUT	RSP	$1.8B	8,192,436	0.23%	-0.10pp	31q	-27.8%-$686.8M
KLA CORP CALL+PUT	KLAC	$1.8B	5,363,252	0.23%	+0.10pp	31q	+872.1%+$1.6B
ISHARES TR	MBB	$1.7B	18,496,926	0.22%	-0.09pp	31q	-15.3%-$315.7M
CROWDSTRIKE HLDGS INC CALL+PUT	CRWD	$1.7B	1,721,998	0.22%	+0.08pp	29q	+14.8%+$223.3M
NEBIUS GROUP N.V. CALL+PUT	NBIS	$1.7B	5,244,785	0.22%	+0.16pp	31q	+68.1%+$695.7M
ISHARES TR CALL+PUT	EFA	$1.7B	12,331,932	0.21%	-0.07pp	31q	-15.3%-$304.1M
MCDONALDS CORP CALL+PUT	MCD	$1.7B	5,825,310	0.21%	-0.08pp	31q	+2.6%+$41.7M
VANGUARD INDEX FDS CALL	VTI	$1.6B	4,455,900	0.21%	flat	31q	+0.6%+$9.7M
LINDE PLC CALL+PUT	LIN	$1.6B	3,114,506	0.21%	-0.06pp	14q	-9.0%-$162.8M
ANALOG DEVICES INC CALL+PUT	ADI	$1.6B	3,874,714	0.21%	+0.03pp	31q	+10.6%+$157.7M
ASML HLDG NV CALL+PUT	ASML	$1.6B	623,862	0.20%	+0.02pp	31q	-19.2%-$378.3M
VANGUARD SCOTTSDALE FDS	VTWO	$1.6B	13,062,676	0.20%	+0.01pp	21q	+1.9%+$30.2M
VANECK ETF TRUST CALL+PUT	SMH	$1.6B	1,294,421	0.20%	+0.10pp	31q	-3.6%-$58.5M
ISHARES TR CALL+PUT	TLT	$1.6B	11,187,925	0.20%	-0.08pp	31q	-26.0%-$545.2M
BOEING CO CALL+PUT	BA	$1.5B	4,899,591	0.20%	-0.03pp	31q	-31.3%-$700.2M
SYNOPSYS INC CALL+PUT	SNPS	$1.5B	2,399,508	0.20%	+0.07pp	31q	+24.6%+$303.6M
ISHARES TR	IWD	$1.5B	6,325,816	0.20%	-0.04pp	31q	-3.8%-$61.4M
DELL TECHNOLOGIES INC CALL+PUT	DELL	$1.5B	2,405,246	0.19%	+0.10pp	31q	-25.1%-$509.7M
ISHARES TR	IJR	$1.5B	10,230,929	0.19%	flat	31q	+0.8%+$11.3M
STARBUCKS CORP CALL+PUT	SBUX	$1.5B	9,438,008	0.19%	+0.01pp	31q	-4.4%-$68.1M
VANGUARD SPECIALIZED FUNDS	VIG	$1.5B	6,245,312	0.19%	-0.02pp	31q	-1.4%-$20.2M
ALIBABA GROUP HLDG LTD CALL+PUT	BABA	$1.5B	10,565,232	0.19%	-0.08pp	31q	-0.5%-$7.8M
ISHARES TR CALL+PUT	HYG	$1.5B	3,612,961	0.19%	-0.23pp	31q	-40.5%-$994.7M
SCHWAB STRATEGIC TR	SCHB	$1.4B	48,933,766	0.18%	flat	31q	+0.9%+$12.1M
VANGUARD WORLD FD CALL	VGT	$1.4B	11,841,166	0.18%	+0.02pp	31q	+671.1%+$1.2B
TJX COS INC NEW CALL+PUT	TJX	$1.4B	9,247,128	0.18%	-0.06pp	31q	-6.8%-$103.4M
AMERICAN EXPRESS CO CALL+PUT	AXP	$1.4B	4,082,851	0.18%	-0.04pp	31q	-10.6%-$165.9M
VANGUARD INDEX FDS PUT	VV	$1.4B	4,070,787	0.18%	flat	31q	+0.6%+$8.0M
QUALCOMM INC CALL+PUT	QCOM	$1.4B	6,576,576	0.17%	-0.04pp	31q	-37.2%-$812.4M
VERTIV HOLDINGS CO CALL+PUT	VRT	$1.3B	3,622,661	0.17%	-0.05pp	26q	-33.5%-$656.8M
THERMO FISHER SCIENTIFIC INC CALL+PUT	TMO	$1.3B	2,521,208	0.16%	-0.03pp	31q	+2.8%+$34.7M
VANGUARD INTL EQUITY INDEX F CALL+PUT	VWO	$1.3B	21,424,092	0.16%	-0.01pp	31q	+1.1%+$14.5M
SNOWFLAKE INC CALL+PUT	SNOW	$1.3B	3,385,015	0.16%	+0.06pp	24q	+4.0%+$49.1M
ISHARES INC CALL+PUT	EWY	$1.3B	5,818,161	0.16%	+0.05pp	31q	+2.6%+$32.4M
DATADOG INC CALL+PUT	DDOG	$1.3B	1,373,700	0.16%	+0.11pp	28q	-46.2%-$1.1B
ISHARES TR PUT	AGG	$1.3B	11,364,305	0.16%	-0.02pp	31q	+3.5%+$42.6M
INTERNATIONAL BUSINESS MACHS CALL+PUT	IBM	$1.3B	4,224,527	0.16%	flat	31q	+7.3%+$86.5M
DEERE & CO CALL+PUT	DE	$1.3B	1,841,439	0.16%	+0.02pp	31q	+18.0%+$192.5M
VANGUARD INDEX FDS	VB	$1.3B	4,139,634	0.16%	-0.01pp	31q	-6.1%-$81.5M
DEUTSCHE BK AG CALL+PUT	DB	$1.2B	28,999,073	0.16%	-0.02pp	31q	-8.7%-$116.8M
AMGEN INC CALL+PUT	AMGN	$1.2B	3,308,695	0.15%	-0.02pp	31q	+5.1%+$58.6M
BLACKROCK INC CALL+PUT	BLK	$1.2B	1,189,321	0.15%	-0.04pp	7q	-2.6%-$32.5M
LUMENTUM HLDGS INC CALL+PUT	LITE	$1.2B	346,061	0.15%	-0.07pp	31q	-75.5%-$3.7B
WELLS FARGO & CO CALL+PUT	WFC	$1.2B	10,975,364	0.15%	flat	31q	+5.6%+$62.5M
TRANE TECHNOLOGIES PLC	TT	$1.2B	2,368,517	0.15%	-0.01pp	26q	-5.0%-$61.8M
SALESFORCE INC CALL+PUT	CRM	$1.2B	6,085,501	0.15%	-0.06pp	31q	-10.7%-$138.5M
EXXON MOBIL CORP CALL+PUT	XOMXXXX	$1.2B	6,157,585	0.15%	-0.40pp	31q	-61.8%-$1.9B
ISHARES SILVER TR CALL+PUT	SLV	$1.2B	10,475,933	0.15%	-0.06pp	31q	+8.3%+$88.6M
SCHWAB CHARLES CORP CALL+PUT	SCHW	$1.1B	9,616,749	0.15%	+0.04pp	31q	+66.4%+$458.8M
ISHARES INC CALL+PUT	EWZ	$1.1B	6,836,651	0.15%	-0.04pp	31q	-17.6%-$244.9M
SELECT SECTOR SPDR TR CALL+PUT	XLE	$1.1B	11,619,663	0.15%	-0.08pp	31q	-19.7%-$280.6M
ISHARES TR	IVW	$1.1B	8,213,429	0.14%	flat	31q	-4.3%-$50.2M
GE AEROSPACE CALL+PUT	GE	$1.1B	2,647,696	0.14%	-0.04pp	20q	-28.8%-$456.2M
CORNING INC CALL+PUT	GLW	$1.1B	4,071,307	0.14%	+0.04pp	31q	-7.1%-$84.8M
ARISTA NETWORKS INC CALL+PUT	ANET	$1.1B	6,300,948	0.14%	+0.02pp	7q	+12.2%+$118.6M
ROCKWELL AUTOMATION INC	ROK	$1.1B	2,183,669	0.14%	+0.02pp	31q	HELD
WESTERN DIGITAL CORP CALL+PUT	WDC	$1.1B	1,258,485	0.14%	-0.05pp	31q	-69.9%-$2.5B
ISHARES TR PUT	EMB	$1.1B	10,780,504	0.14%	-0.01pp	31q	+5.9%+$59.7M
FREEPORT-MCMORAN INC CALL+PUT	FCX	$1.1B	10,976,018	0.13%	-0.01pp	31q	+4.3%+$43.7M
QUANTA SVCS INC PUT	PWR	$1.0B	1,450,506	0.13%	-0.02pp	31q	-22.5%-$303.6M
VISTRA CORP CALL+PUT	VST	$1.0B	5,398,501	0.13%	+0.01pp	31q	+17.4%+$154.5M
ROYAL CARIBBEAN GROUP CALL+PUT	RCL	$1.0B	1,727,879	0.13%	+0.07pp	31q	+17.0%+$151.4M
VERIZON COMMUNICATIONS INC CALL+PUT	VZ	$1.0B	23,236,455	0.13%	-0.05pp	31q	+10.4%+$97.7M
ASTRAZENECA PLC CALL+PUT	AZN	$1.0B	5,297,462	0.13%	-0.06pp	2q	-11.4%-$133.2M
REVOLUTION MEDICINES INC CALL	RVMD	$1.0B	5,448,364	0.13%	+0.07pp	23q	+24.2%+$199.1M
CONSTELLATION ENERGY CORP CALL+PUT	CEG	$1.0B	2,915,325	0.13%	+0.03pp	18q	+42.0%+$301.7M
ONEOK INC NEW CALL+PUT	OKE	$1.0B	11,588,291	0.13%	-0.04pp	31q	-8.8%-$98.5M
AMPHENOL CORP CALL+PUT	APH	$1.0B	5,709,685	0.13%	+0.01pp	31q	-9.4%-$105.1M
SOFI TECHNOLOGIES INC CALL+PUT	SOFI	$999.0M	35,168,018	0.13%	-0.01pp	21q	-3.4%-$35.5M
SELECT SECTOR SPDR TR CALL+PUT	XLV	$998.0M	5,138,311	0.13%	-0.02pp	31q	+13.5%+$118.5M
BLACKSTONE INC CALL+PUT	BX	$992.4M	7,311,475	0.13%	-0.02pp	28q	-2.0%-$20.6M
CHUBB LIMITED CALL+PUT	CB	$983.5M	2,756,908	0.13%	-0.02pp	31q	-4.0%-$40.7M
PARKER-HANNIFIN CORP PUT	PH	$982.3M	994,945	0.12%	-0.02pp	31q	-6.3%-$66.2M
EMERSON ELEC CO CALL+PUT	EMR	$981.3M	6,784,729	0.12%	flat	31q	+5.5%+$51.2M
TOTALENERGIES SE CALL+PUT	TTE	$977.8M	9,359,156	0.12%	-0.04pp	3q	+24.9%+$194.7M
SELECT SECTOR SPDR TR CALL+PUT	XLI	$973.7M	4,628,620	0.12%	-0.03pp	31q	-6.9%-$72.4M
APOLLO GLOBAL MGMT INC CALL+PUT	APO	$968.1M	5,974,406	0.12%	-0.02pp	18q	-7.2%-$75.6M
ABBOTT LABORATORIES CALL+PUT	ABT	$967.5M	7,356,093	0.12%	-0.12pp	31q	-39.5%-$630.9M
ISHARES TR	USHY	$963.5M	26,025,924	0.12%	-0.02pp	30q	+3.1%+$29.2M
JOHNSON CONTROLS INTERNATION	JCI	$951.6M	6,512,858	0.12%	+0.02pp	31q	+24.4%+$186.5M
ISHARES GOLD TR	IAU	$937.5M	12,415,020	0.12%	-0.08pp	9q	-18.9%-$217.8M
SEAGATE TECHNOLOGY HLDNGS PL CALL+PUT	STX	$925.0M	839,966	0.12%	+0.07pp	21q	+32.8%+$228.3M
PEPSICO INC CALL+PUT	PEP	$925.0M	6,549,761	0.12%	-0.06pp	31q	-7.8%-$78.7M
ELECTRONIC ARTS INC CALL+PUT	EA	$908.3M	4,288,153	0.12%	-0.09pp	31q	-33.3%-$453.0M
APPLOVIN CORP CALL+PUT	APP	$907.8M	1,635,893	0.12%	flat	21q	-10.2%-$103.3M
SELECT SECTOR SPDR TR CALL+PUT	XLU	$907.1M	9,537,675	0.12%	-0.06pp	31q	-41.0%-$629.8M
TRANSDIGM GROUP INC CALL+PUT	TDG	$893.1M	606,686	0.11%	+0.01pp	31q	+19.0%+$142.8M
TECK RESOURCES LTD CALL+PUT	TECK	$893.0M	14,602,362	0.11%	-0.01pp	31q	-1.3%-$11.5M
ISHARES TR	MUB	$885.4M	8,227,175	0.11%	-0.01pp	31q	+7.9%+$65.0M
VANGUARD SCOTTSDALE FDS	VGIT	$843.7M	14,305,631	0.11%	+0.02pp	31q	+40.4%+$243.0M
CAPITAL ONE FINL CORP CALL+PUT	COF	$842.8M	3,816,146	0.11%	+0.02pp	31q	+42.7%+$252.3M
WILLIAMS COS INC CALL+PUT	WMB	$838.6M	10,803,397	0.11%	flat	31q	+19.4%+$136.3M
PROLOGIS INC. CALL+PUT	PLD	$832.2M	5,992,698	0.11%	-0.05pp	31q	-21.5%-$228.4M
ALCON AG CALL+PUT	ALC	$831.7M	7,156,307	0.11%	flat	29q	+20.6%+$142.3M
SPDR SERIES TRUST	BIL	$831.3M	9,070,949	0.11%	-0.01pp	31q	+9.3%+$70.5M
ISHARES TR CALL+PUT	SOXX	$826.9M	950,687	0.11%	+0.05pp	31q	-18.2%-$184.0M
VANECK ETF TRUST CALL+PUT	GDX	$818.8M	8,266,445	0.10%	-0.03pp	31q	+10.5%+$77.9M
ISHARES TR	IVE	$813.8M	3,584,194	0.10%	-0.01pp	31q	-1.6%-$13.5M
ISHARES TR	IWR	$811.2M	7,353,365	0.10%	flat	31q	+1.5%+$11.9M
TERADYNE INC CALL+PUT	TER	$804.4M	1,643,499	0.10%	+0.05pp	31q	+48.1%+$261.1M
UNITED PARCEL SVCS INC CALL+PUT	UPS	$797.7M	7,224,476	0.10%	-0.01pp	31q	+4.2%+$31.9M
CVS HEALTH CORP CALL+PUT	CVS	$796.5M	5,261,161	0.10%	+0.03pp	31q	-14.2%-$131.6M
HONEYWELL INTL INC CALL+PUT	HON	$796.0M	3,545,022	0.10%	-	new	NEW
SELECT SECTOR SPDR TR CALL+PUT	XLC	$794.8M	5,789,466	0.10%	-0.02pp	31q	+6.4%+$47.8M
NIKE INC CALL+PUT	NKE	$790.2M	17,395,783	0.10%	-0.01pp	31q	+35.3%+$206.0M
AIR PRODUCTS AND CHEMICALS I CALL+PUT	APD	$788.0M	1,866,911	0.10%	+0.01pp	31q	-8.9%-$76.7M
ISHARES TR	QUAL	$779.5M	3,552,196	0.10%	-0.01pp	31q	-5.8%-$48.4M
AST SPACEMOBILE INC CALL+PUT	ASTS	$775.1M	6,602,096	0.10%	flat	21q	+45.3%+$241.7M
INTUITIVE SURGICAL INC CALL+PUT	ISRG	$764.1M	1,778,545	0.10%	-0.03pp	31q	+8.6%+$60.4M
PDD HOLDINGS INC CALL+PUT	PDD	$760.4M	5,635,629	0.10%	-0.04pp	31q	+125.3%+$422.9M
VANGUARD INTL EQUITY INDEX F	VT	$758.6M	4,833,679	0.10%	flat	31q	+3.5%+$25.5M
S&P GLOBAL INC CALL+PUT	SPGI	$749.3M	1,679,584	0.10%	-0.03pp	31q	-5.8%-$46.5M
FERROVIAL NV	FER	$748.0M	10,902,290	0.10%	+0.03pp	9q	+62.8%+$288.5M
VANGUARD INTL EQUITY INDEX F	VEU	$741.0M	8,848,212	0.09%	flat	31q	+5.8%+$40.8M
ARM HOLDINGS PLC CALL+PUT	ARM	$734.3M	1,648,810	0.09%	+0.04pp	12q	-1.7%-$12.6M
CIPHER DIGITAL INC CALL	CIFR	$733.0M	7,058,847	0.09%	+0.04pp	15q	+30.9%+$173.2M
ISHARES TR CALL+PUT	FXI	$718.2M	7,309,992	0.09%	-0.11pp	31q	-27.1%-$266.3M
ADOBE INC CALL+PUT	ADBE	$716.3M	2,606,894	0.09%	flat	31q	+20.5%+$122.1M
BOSTON SCIENTIFIC CORP CALL+PUT	BSX	$711.5M	16,352,420	0.09%	-0.06pp	31q	+10.3%+$66.5M
PHILIP MORRIS INTL INC CALL+PUT	PM	$710.6M	3,694,323	0.09%	-0.02pp	31q	-7.7%-$59.3M
SHERWIN WILLIAMS CO CALL+PUT	SHW	$702.5M	2,036,847	0.09%	+0.02pp	31q	+44.9%+$217.7M
UNITED RENTALS INC CALL+PUT	URI	$695.3M	464,312	0.09%	+0.02pp	31q	-1.6%-$11.2M
LOGITECH INTL S A CALL+PUT	LOGI	$683.3M	5,463,842	0.09%	-0.03pp	31q	-25.8%-$237.1M
DISNEY WALT CO CALL+PUT	DIS	$676.1M	6,373,084	0.09%	-0.03pp	31q	-13.3%-$103.7M
LOCKHEED MARTIN CORP CALL+PUT	LMT	$671.8M	1,289,500	0.09%	-0.06pp	31q	-19.7%-$165.1M
YUM BRANDS INC CALL+PUT	YUM	$665.2M	2,563,062	0.08%	flat	31q	+2.2%+$14.3M
INTERCONTINENTAL EXCHANGE IN CALL+PUT	ICE	$664.4M	5,383,311	0.08%	-0.02pp	31q	+21.6%+$118.0M
MKS INC. CALL	MKSI	$648.4M	321,728	0.08%	+0.04pp	31q	-25.5%-$222.5M
TRAVELERS COMPANIES INC	TRV	$642.5M	1,946,122	0.08%	-0.01pp	31q	-8.4%-$59.3M
ISHARES INC CALL	URTH	$642.2M	169,197	0.08%	+0.08pp	31q	-7.0%-$48.0M
ALTRIA GROUP INC CALL+PUT	MO	$641.8M	8,870,398	0.08%	flat	31q	+17.3%+$94.9M
DANAHER CORP DEL CALL+PUT	DHR	$637.9M	3,243,524	0.08%	+0.01pp	31q	+27.2%+$136.6M
PNC FINL SVCS GROUP INC CALL+PUT	PNC	$635.5M	2,515,431	0.08%	+0.02pp	31q	+44.3%+$195.1M
ISHARES TR CALL+PUT	IEF	$632.9M	5,420,410	0.08%	-0.04pp	31q	+29.8%+$145.3M
OREILLY AUTOMOTIVE INC CALL+PUT	ORLY	$626.2M	6,788,359	0.08%	-0.01pp	31q	+4.3%+$25.9M
SUPER MICRO COMPUTER INC CALL+PUT	SMCI	$624.4M	19,689,932	0.08%	+0.03pp	7q	+63.1%+$241.5M
MONOLITHIC PWR SYS INC CALL	MPWR	$622.7M	449,479	0.08%	-0.01pp	31q	-16.8%-$126.0M
NASDAQ INC	NDAQ	$621.4M	7,883,784	0.08%	-0.01pp	31q	+12.8%+$70.6M
SERVICENOW INC CALL+PUT	NOW	$621.2M	5,321,142	0.08%	-0.01pp	31q	+19.1%+$99.8M
ROIVANT SCIENCES LTD	ROIV	$618.1M	17,466,641	0.08%	-0.02pp	15q	-22.8%-$182.4M
SPDR SERIES TRUST	SPTL	$618.1M	23,566,242	0.08%	+0.03pp	31q	+83.5%+$281.4M
T-MOBILE US INC CALL+PUT	TMUS	$617.6M	3,621,694	0.08%	-0.03pp	31q	+9.8%+$55.0M
TAKE-TWO INTERACTIVE SOFTWAR CALL+PUT	TTWO	$617.5M	939,337	0.08%	+0.03pp	31q	-19.3%-$147.9M
HONEYWELL AEROSPACE INC	HONA	$612.0M	2,768,136	0.08%	-	new	NEW
STRYKER CORPORATION CALL+PUT	SYK	$610.2M	1,909,680	0.08%	-0.01pp	31q	+16.0%+$84.0M
EOG RES INC CALL+PUT	EOG	$609.9M	3,527,252	0.08%	-0.02pp	31q	-5.7%-$36.8M
EQUINIX INC CALL+PUT	EQIX	$605.1M	569,031	0.08%	+0.01pp	31q	+33.4%+$151.6M
MONDELEZ INTL INC CALL+PUT	MDLZ	$604.9M	10,358,777	0.08%	-0.03pp	31q	-12.2%-$83.8M
LOWES COS INC CALL+PUT	LOW	$603.9M	2,544,292	0.08%	-0.03pp	31q	-5.3%-$34.1M
SHARKNINJA INC	SN	$603.0M	3,959,748	0.08%	+0.04pp	12q	+82.8%+$273.0M
MARSH & MCLENNAN COS INC	MRSH	$600.6M	3,603,522	0.08%	-0.05pp	31q	-23.7%-$186.3M
COINBASE GLOBAL INC CALL+PUT	COIN	$600.4M	2,314,441	0.08%	-0.02pp	21q	-8.0%-$52.3M
ISHARES TR	SGOV	$600.2M	5,962,248	0.08%	flat	17q	+16.1%+$83.3M
BLOOM ENERGY CORP CALL+PUT	BE	$600.2M	1,905,234	0.08%	+0.03pp	31q	HELD
CUMMINS INC CALL+PUT	CMI	$598.4M	801,711	0.08%	+0.03pp	31q	+39.1%+$168.2M
SELECT SECTOR SPDR TR CALL+PUT	XLP	$593.0M	5,648,440	0.08%	-0.02pp	31q	-0.7%-$4.1M
COREWEAVE INC CALL+PUT	CRWV	$592.7M	4,465,874	0.08%	+0.02pp	6q	+24.1%+$115.1M
AUTOMATIC DATA PROCESSING IN CALL+PUT	ADP	$590.9M	2,574,507	0.08%	-0.02pp	31q	-13.4%-$91.2M
GILEAD SCIENCES INC CALL+PUT	GILD	$590.6M	4,503,294	0.08%	-0.01pp	31q	+14.6%+$75.2M
ENERGY TRANSFER L P	ET	$584.1M	30,548,239	0.07%	-0.02pp	31q	-1.4%-$8.1M
MEDTRONIC PLC CALL+PUT	MDT	$583.9M	5,551,443	0.07%	-0.01pp	31q	-13.4%-$90.5M
WARNER BROS DISCOVERY INC CALL+PUT	WBD	$581.9M	20,837,420	0.07%	-0.01pp	17q	+6.5%+$35.3M
VANGUARD WHITEHALL FDS	VYM	$580.7M	3,674,450	0.07%	-0.01pp	31q	-1.3%-$7.6M
CONOCOPHILLIPS CALL+PUT	COP	$577.7M	5,309,054	0.07%	-0.06pp	31q	-4.8%-$28.9M
NEWMONT CORP CALL+PUT	NEM	$576.6M	3,025,546	0.07%	-0.02pp	31q	-20.0%-$144.2M
INVESCO EXCH TRADED FD TR II	PZA	$575.4M	24,464,378	0.07%	flat	31q	+13.6%+$69.1M
INTUIT CALL+PUT	INTU	$574.0M	2,061,831	0.07%	-0.07pp	31q	-0.6%-$3.5M
VANGUARD STAR FDS	VXUS	$562.8M	6,583,331	0.07%	+0.01pp	31q	+25.7%+$115.2M
SELECT SECTOR SPDR TR CALL+PUT	XLY	$559.6M	4,119,561	0.07%	-0.02pp	31q	-12.0%-$76.1M
KINDER MORGAN INC DEL CALL+PUT	KMI	$559.2M	16,345,932	0.07%	-0.03pp	31q	-8.2%-$50.1M
BRISTOL-MYERS SQUIBB CO CALL+PUT	BMY	$555.3M	8,876,439	0.07%	flat	31q	+23.3%+$104.8M
BOOKING HOLDINGS INC CALL+PUT	BKNG	$554.6M	2,798,563	0.07%	-0.04pp	31q	+1756.0%+$524.7M
SPOTIFY TECHNOLOGY S A CALL+PUT	SPOT	$553.2M	824,172	0.07%	+0.01pp	31q	+26.3%+$115.1M
SPDR SERIES TRUST CALL+PUT	XBI	$552.1M	3,308,923	0.07%	-0.01pp	31q	-6.7%-$39.7M
DIAMONDBACK ENERGY INC CALL+PUT	FANG	$546.5M	2,494,351	0.07%	-0.04pp	31q	-19.0%-$128.5M
FERRARI N V CALL+PUT	RACE	$545.4M	1,378,614	0.07%	flat	31q	+9.3%+$46.5M
VANGUARD SCOTTSDALE FDS	VGSH	$545.1M	9,365,484	0.07%	+0.01pp	31q	+46.7%+$173.5M
STRATEGY INC CALL+PUT	MSTR	$542.0M	4,943,411	0.07%	-0.06pp	31q	-21.7%-$150.0M
AMERICAN TOWER CORP CALL+PUT	AMT	$539.0M	3,253,371	0.07%	-0.02pp	31q	-6.7%-$38.9M
AXON ENTERPRISE INC CALL+PUT	AXON	$536.9M	927,111	0.07%	+0.01pp	31q	+3.3%+$17.3M
FIRST TR EXCHANGE TRADED FD	CIBR	$527.3M	5,868,755	0.07%	+0.01pp	31q	+3.4%+$17.2M
PINTEREST INC CALL+PUT	PINS	$526.4M	23,988,215	0.07%	+0.02pp	29q	+49.7%+$174.8M
QXO INC	QXO	$521.5M	30,180,372	0.07%	+0.02pp	9q	+98.2%+$258.5M
STATE STR SPDR DOW JONES IND CALL+PUT	DIA	$517.8M	892,291	0.07%	flat	31q	-2.6%-$13.9M
PROGRESSIVE CORP CALL	PGR	$517.8M	2,366,933	0.07%	-0.02pp	31q	-18.9%-$120.7M
NORWEGIAN CRUISE LINE HLDGS CALL+PUT	NCLH	$512.6M	23,331,373	0.07%	flat	31q	+6.3%+$30.3M
KIMBERLY-CLARK CORP CALL+PUT	KMB	$510.8M	4,632,915	0.06%	+0.01pp	31q	+20.5%+$86.8M
PFIZER INC CALL+PUT	PFE	$505.5M	18,148,158	0.06%	-0.02pp	31q	+3.1%+$15.0M
ECHOSTAR CORP CALL	ECHO	$504.4M	4,887,768	0.06%	flat	31q	+42.6%+$150.6M
VANGUARD SCOTTSDALE FDS	VCSH	$502.4M	6,357,167	0.06%	-0.01pp	31q	+7.6%+$35.6M
VALERO ENERGY CORP CALL+PUT	VLO	$500.4M	1,650,512	0.06%	-0.01pp	31q	-6.3%-$33.4M
J P MORGAN EXCHANGE TRADED F	JPST	$499.7M	9,881,452	0.06%	-0.02pp	31q	-8.6%-$47.0M
AT&T INC CALL+PUT	T	$498.5M	22,359,448	0.06%	-0.07pp	31q	-20.8%-$130.7M
MARATHON PETE CORP CALL+PUT	MPC	$498.0M	1,842,485	0.06%	-0.01pp	31q	+10.0%+$45.4M
KRANESHARES TRUST CALL+PUT	KWEB	$497.6M	7,312,469	0.06%	-0.09pp	31q	+21.7%+$88.6M
SHOPIFY INC CALL+PUT	SHOP	$497.6M	3,706,397	0.06%	-0.04pp	31q	-21.7%-$137.5M
CSX CORP CALL+PUT	CSX	$496.8M	9,204,473	0.06%	-0.01pp	31q	-7.6%-$41.0M
TARGA RES CORP PUT	TRGP	$494.1M	1,842,684	0.06%	-0.01pp	31q	-0.6%-$2.7M
DYNATRACE INC	DT	$493.7M	11,243,524	0.06%	flat	28q	+1.1%+$5.5M
FORTINET INC CALL+PUT	FTNT	$492.8M	3,172,422	0.06%	+0.02pp	31q	+4.4%+$20.8M
TORONTO DOMINION BK ONT PUT	TD	$488.8M	4,007,209	0.06%	+0.04pp	31q	+110.8%+$256.9M
ISHARES TR CALL	LQD	$488.7M	4,451,008	0.06%	-0.17pp	31q	-12.8%-$71.7M
HEICO CORP NEW	HEI	$488.0M	1,370,003	0.06%	+0.03pp	31q	+52.4%+$167.7M
CAPITAL GROUP DIVIDEND VALUE	CGDV	$485.8M	9,857,339	0.06%	flat	17q	+4.1%+$19.2M
HEWLETT PACKARD ENTERPRISE C CALL+PUT	HPE	$483.2M	9,310,186	0.06%	+0.01pp	31q	-20.8%-$126.6M
ILLINOIS TOOL WKS INC	ITW	$482.7M	1,784,515	0.06%	flat	31q	+11.6%+$50.0M
MARRIOTT INTL INC NEW CALL+PUT	MAR	$481.8M	1,262,776	0.06%	flat	31q	+7.3%+$32.7M
DUKE ENERGY CORP NEW CALL+PUT	DUK	$480.7M	2,939,189	0.06%	-0.01pp	31q	+7.0%+$31.4M
ASTERA LABS INC CALL+PUT	ALAB	$477.6M	802,024	0.06%	+0.04pp	10q	-44.4%-$381.5M
ENTERGY CORP NEW CALL+PUT	ETR	$476.8M	4,088,723	0.06%	flat	31q	+7.4%+$33.0M
BROOKFIELD CORP	BN	$470.2M	11,039,263	0.06%	+0.05pp	15q	+358.8%+$367.7M
ISHARES TR	IWB	$466.2M	1,138,581	0.06%	flat	31q	HELD
COLGATE PALMOLIVE CO CALL+PUT	CL	$463.6M	4,091,627	0.06%	-0.01pp	31q	-11.3%-$59.3M
MOTOROLA SOLUTIONS INC	MSI	$462.8M	1,114,500	0.06%	flat	31q	+31.9%+$112.1M
VANGUARD SCOTTSDALE FDS	VCIT	$462.3M	5,592,906	0.06%	flat	31q	+14.9%+$60.0M
STATE STR SPDR S&P MIDCAP 40	MDY	$457.9M	651,062	0.06%	flat	31q	+1.6%+$7.4M
DEXCOM INC CALL+PUT	DXCM	$455.6M	6,065,779	0.06%	+0.01pp	31q	+39.4%+$128.9M
AMRIZE LTD CALL	AMRZ	$455.4M	8,258,907	0.06%	-0.04pp	5q	-24.4%-$147.3M
VANGUARD WORLD FD PUT	MGK	$454.6M	5,148,612	0.06%	flat	31q	+396.1%+$363.0M
KRAFT HEINZ CO CALL+PUT	KHC	$454.0M	18,975,267	0.06%	+0.03pp	31q	+147.7%+$270.7M
SCHWAB STRATEGIC TR	SCHD	$452.6M	14,272,113	0.06%	-0.01pp	31q	-2.5%-$11.5M
TARGET CORP CALL+PUT	TGT	$452.3M	3,178,303	0.06%	-0.02pp	31q	-2.4%-$11.2M
MERCADOLIBRE INC CALL+PUT	MELI	$451.9M	238,072	0.06%	-0.03pp	31q	-8.8%-$43.8M
DEVON ENERGY CORP NEW CALL+PUT	DVN	$451.8M	7,508,392	0.06%	+0.01pp	31q	+43.1%+$136.1M
VANGUARD BD INDEX FDS	BND	$451.1M	6,144,662	0.06%	-0.02pp	31q	-9.1%-$45.3M
REPUBLIC SVCS INC CALL	RSG	$449.2M	2,103,317	0.06%	-0.03pp	31q	-16.3%-$87.6M
SPDR INDEX SHS FDS	SPDW	$448.4M	8,899,190	0.06%	flat	31q	+1.2%+$5.5M
AIRBNB INC CALL+PUT	ABNB	$447.4M	1,823,132	0.06%	+0.02pp	23q	+60.4%+$168.4M
ENTERPRISE PRODS PARTNERS L CALL+PUT	EPD	$444.9M	11,815,406	0.06%	-0.02pp	31q	-6.3%-$29.8M
ROBINHOOD MKTS INC CALL+PUT	HOOD	$442.4M	3,475,657	0.06%	+0.02pp	20q	+77.7%+$193.4M
IREN LIMITED CALL+PUT	IREN	$442.0M	3,269,131	0.06%	+0.03pp	18q	-11.3%-$56.2M
MCKESSON CORP CALL+PUT	MCK	$439.9M	579,155	0.06%	-0.02pp	31q	-5.0%-$23.0M
DOORDASH INC CALL+PUT	DASH	$439.8M	2,300,717	0.06%	flat	23q	-1.8%-$8.2M
FIRST TR EXCHANGE-TRADED FD	RDVY	$437.6M	5,398,773	0.06%	flat	31q	-2.4%-$10.6M
AUTOZONE INC	AZO	$435.9M	136,398	0.06%	+0.02pp	31q	+108.9%+$227.2M
ISHARES TR	IYW	$435.8M	1,727,967	0.06%	+0.01pp	31q	-1.7%-$7.4M
EBAY INC. CALL+PUT	EBAY	$434.8M	3,745,391	0.06%	+0.01pp	31q	+25.2%+$87.4M
CORE SCIENTIFIC INC NEW CALL+PUT	CORZ	$430.4M	15,889,496	0.05%	-0.01pp	10q	-37.8%-$261.3M
IONQ INC CALL+PUT	IONQ	$429.3M	7,896,730	0.05%	+0.03pp	19q	+36.0%+$113.7M
SPDR SERIES TRUST	SPYG	$426.9M	3,587,593	0.05%	flat	31q	-3.7%-$16.6M
KEURIG DR PEPPER INC	KDP	$425.5M	13,000,825	0.05%	+0.03pp	31q	+103.1%+$216.0M
SPDR SERIES TRUST CALL+PUT	KRE	$424.5M	3,107,724	0.05%	-0.04pp	31q	+54.3%+$149.4M
FLOWSERVE CORP CALL	FLS	$424.4M	5,649,681	0.05%	flat	31q	+17.8%+$64.2M
BRIDGEBIO PHARMA INC CALL+PUT	BBIO	$420.8M	1,757,152	0.05%	-0.01pp	29q	-13.3%-$64.6M
BAIDU INC CALL+PUT	BIDU	$420.4M	3,042,042	0.05%	-0.01pp	31q	+43.2%+$126.8M
CME GROUP INC CALL+PUT	CME	$420.0M	1,873,151	0.05%	-0.04pp	31q	-7.4%-$33.5M
WASTE MGMT INC DEL CALL+PUT	WM	$419.5M	1,819,299	0.05%	-0.03pp	31q	-17.7%-$90.2M
GENERAL MILLS INC PUT	GIS	$419.4M	11,982,190	0.05%	flat	31q	+25.3%+$84.7M
VANGUARD WHITEHALL FDS	VYMI	$419.3M	4,269,527	0.05%	flat	31q	+23.9%+$80.7M
COMCAST CORP NEW CALL+PUT	CMCSA	$419.0M	16,706,331	0.05%	-0.05pp	31q	-28.0%-$163.0M
3M CO CALL+PUT	MMM	$418.7M	2,515,099	0.05%	-0.04pp	31q	-37.9%-$256.0M
PROTAGONIST THERAPEUTICS INC	PTGX	$416.7M	3,399,221	0.05%	-0.03pp	31q	-34.4%-$218.0M
CADENCE DESIGN SYSTEM INC CALL	CDNS	$414.8M	1,104,790	0.05%	+0.01pp	31q	-1.0%-$4.3M
BARRICK MNG CORP CALL+PUT	B	$413.7M	5,317,478	0.05%	-0.02pp	5q	-20.4%-$106.3M
TOPBUILD COR PUT	BLD	$413.0M	1,155,049	0.05%	+0.04pp	31q	+338.6%+$318.8M
NXP SEMICONDUCTORS N V CALL+PUT	NXPI	$413.0M	1,320,752	0.05%	flat	31q	-20.0%-$103.2M
PHILLIPS 66 CALL+PUT	PSX	$411.6M	2,400,725	0.05%	-0.04pp	31q	-23.8%-$128.4M
FIRST SOLAR INC CALL+PUT	FSLR	$407.2M	1,215,007	0.05%	+0.01pp	31q	+0.8%+$3.1M
VANGUARD WORLD FD	VHT	$406.0M	1,357,653	0.05%	flat	31q	+12.9%+$46.3M
HOWMET AEROSPACE INC CALL+PUT	HWM	$404.1M	1,454,121	0.05%	-0.01pp	25q	-21.6%-$111.5M
IMPERIAL OIL LTD	IMO	$402.4M	3,592,655	0.05%	+0.03pp	31q	+258.0%+$290.0M
HILTON WORLDWIDE HLDGS INC CALL+PUT	HLT	$402.2M	1,195,820	0.05%	+0.02pp	31q	+57.1%+$146.2M
VERTEX PHARMACEUTICALS INC CALL+PUT	VRTX	$399.1M	712,259	0.05%	flat	31q	+12.9%+$45.7M
ISHARES TR	IWP	$398.0M	2,718,424	0.05%	flat	31q	-1.2%-$4.8M
REDDIT INC CALL+PUT	RDDT	$394.0M	1,731,100	0.05%	+0.01pp	10q	+18.7%+$62.0M
AVIS BUDGET GROUP INC PUT	CAR	$387.2M	2,536,964	0.05%	-0.05pp	31q	-41.9%-$279.5M
ISHARES TR	SHY	$386.8M	4,710,588	0.05%	-0.01pp	31q	-2.4%-$9.3M
GENERAL DYNAMICS CORP CALL+PUT	GD	$385.9M	1,039,208	0.05%	-0.03pp	31q	-31.9%-$180.7M
STELLANTIS N.V CALL+PUT	STLA	$383.5M	43,211,817	0.05%	-0.02pp	22q	+32.5%+$94.1M
COMFORT SYS USA INC	FIX	$381.1M	192,295	0.05%	+0.01pp	31q	+0.9%+$3.5M
FIRST TR EXCHANGE TRADED FD	GRID	$379.2M	1,977,757	0.05%	+0.01pp	31q	+23.0%+$70.9M
BANK OF NY MELLON CORP CALL+PUT	BNY	$378.9M	2,491,266	0.05%	-0.01pp	31q	-19.1%-$89.4M
ACCENTURE PLC IRELAND CALL+PUT	ACN	$378.2M	2,678,599	0.05%	-0.11pp	31q	-44.7%-$305.4M
FEDEX CORP CALL+PUT	FDX	$377.1M	1,196,224	0.05%	-0.02pp	31q	+7.0%+$24.7M
UNITED AIRLS HLDGS INC CALL+PUT	UAL	$375.7M	1,520,372	0.05%	flat	31q	-43.2%-$286.3M
JANUS DETROIT STR TR	JAAA	$373.8M	7,403,730	0.05%	flat	15q	+8.1%+$28.0M
AMERIPRISE FINL INC	AMP	$371.2M	809,191	0.05%	-0.03pp	31q	-30.6%-$163.7M
CARNIVAL CORP LTD CALL+PUT	CCL	$371.0M	11,719,558	0.05%	-	new	NEW
SPDR SERIES TRUST	SPYV	$370.6M	6,096,814	0.05%	-0.01pp	31q	-1.0%-$3.6M
J P MORGAN EXCHANGE TRADED F	JEPI	$369.0M	6,532,936	0.05%	-0.01pp	20q	-3.5%-$13.4M
ALLSTATE CORP CALL+PUT	ALL	$366.4M	1,538,436	0.05%	flat	31q	+8.9%+$30.0M
DIGITAL RLTY TR INC	DLR	$365.2M	2,033,644	0.05%	flat	31q	+12.3%+$40.1M
SPDR INDEX SHS FDS CALL+PUT	FEZ	$363.4M	1,927,969	0.05%	+0.02pp	31q	-14.8%-$62.9M
WELLTOWER INC	WELL	$362.3M	1,596,229	0.05%	-0.03pp	31q	-35.2%-$197.1M
NORFOLK SOUTHN CORP CALL+PUT	NSC	$362.3M	1,004,653	0.05%	-0.04pp	31q	-43.5%-$278.9M
MODERNA INC CALL+PUT	MRNA	$361.9M	4,463,211	0.05%	-0.02pp	31q	+1.3%+$4.5M
SOUTHERN CO CALL+PUT	SO	$359.8M	3,702,217	0.05%	-0.02pp	31q	-9.2%-$36.4M
ALIGN TECHNOLOGY INC CALL+PUT	ALGN	$359.7M	2,125,286	0.05%	+0.01pp	31q	+51.2%+$121.9M
CONSOLIDATED EDISON INC	ED	$359.7M	3,251,331	0.05%	+0.02pp	31q	+112.9%+$190.7M
VANGUARD INDEX FDS	VBR	$356.4M	1,466,671	0.05%	flat	31q	-0.7%-$2.4M
SIMON PPTY GROUP INC NEW CALL+PUT	SPG	$355.9M	1,380,583	0.05%	flat	31q	-4.6%-$17.2M
SOUTHWEST AIRLS CO CALL+PUT	LUV	$355.8M	6,534,122	0.05%	+0.03pp	31q	+156.9%+$217.3M
VANGUARD INDEX FDS	VOT	$355.4M	1,160,373	0.05%	flat	31q	+3.6%+$12.4M
VANECK ETF TRUST CALL	GDXJ	$353.9M	2,211,460	0.05%	-0.05pp	31q	-42.1%-$256.9M
NOVO-NORDISK A S CALL+PUT	NVO	$353.0M	3,984,940	0.04%	-0.01pp	31q	-12.7%-$51.4M
ASE TECHNOLOGY HLDG CO LTD	ASX	$351.4M	7,787,150	0.04%	+0.01pp	31q	-16.1%-$67.5M
PAYPAL HLDGS INC CALL+PUT	PYPL	$348.5M	5,370,432	0.04%	flat	31q	-4.7%-$17.3M
US BANCORP CALL+PUT	USB	$347.9M	5,381,171	0.04%	flat	31q	-4.8%-$17.5M
AMERICAN ELEC PWR CO INC CALL+PUT	AEP	$347.0M	2,482,093	0.04%	flat	31q	+29.1%+$78.2M
ISHARES TR	DGRO	$347.0M	4,578,048	0.04%	flat	31q	-1.8%-$6.2M
EDISON INTL CALL+PUT	EIX	$346.7M	4,325,522	0.04%	+0.01pp	31q	+50.7%+$116.6M
ENTEGRIS INC	ENTG	$345.8M	1,922,549	0.04%	+0.01pp	31q	+1.8%+$6.0M
ISHARES TR CALL+PUT	ACWI	$344.9M	1,178,489	0.04%	+0.02pp	31q	+2.5%+$8.5M
NORTHROP GRUMMAN CORP CALL+PUT	NOC	$344.0M	659,747	0.04%	-0.03pp	31q	-4.6%-$16.7M
AMCOR PLC CALL+PUT	AMCR	$343.9M	7,771,657	0.04%	-0.03pp	2q	-35.9%-$192.7M
REALTY INCOME CORP CALL+PUT	O	$343.8M	5,362,246	0.04%	flat	31q	+35.5%+$90.1M
OKTA INC CALL+PUT	OKTA	$342.7M	2,060,649	0.04%	flat	31q	-39.4%-$222.9M
UNITY SOFTWARE INC CALL	U	$341.0M	8,241,936	0.04%	+0.02pp	24q	+205.0%+$229.2M
VANECK ETF TRUST	EMLC	$339.4M	13,279,426	0.04%	-0.01pp	31q	+2.7%+$8.9M
COHERENT CORP CALL+PUT	COHR	$339.3M	799,241	0.04%	-0.03pp	16q	-56.3%-$437.0M
JD.COM INC CALL+PUT	JD	$338.7M	4,758,198	0.04%	-0.01pp	31q	+52.2%+$116.2M
PIMCO ETF TR	MINT	$338.4M	3,356,371	0.04%	-0.01pp	31q	+3.2%+$10.5M
VANGUARD INTL EQUITY INDEX F	VGK	$336.3M	3,798,188	0.04%	flat	31q	-1.2%-$3.9M
PRICE T ROWE GROUP INC CALL+PUT	TROW	$335.8M	2,665,008	0.04%	+0.01pp	31q	+8.3%+$25.9M
MATCH GROUP INC NEW CALL+PUT	MTCH	$333.7M	6,487,247	0.04%	flat	24q	-0.8%-$2.8M
TRUIST FINL CORP CALL+PUT	TFC	$332.2M	6,545,833	0.04%	flat	27q	+2.0%+$6.6M
BIOGEN INC CALL+PUT	BIIB	$331.3M	1,030,150	0.04%	+0.03pp	31q	+96.8%+$163.0M
PAYCHEX INC CALL+PUT	PAYX	$330.7M	3,303,592	0.04%	-0.01pp	31q	-6.5%-$22.9M
ISHARES TR	SUB	$328.3M	3,083,779	0.04%	flat	31q	+5.8%+$18.0M
CHARTER COMMUNICATIONS INC PUT	CHTR	$325.1M	2,280,785	0.04%	flat	31q	+89.4%+$153.4M
SYNAPTICS INC CALL+PUT	SYNA	$324.6M	742,597	0.04%	+0.01pp	31q	-32.7%-$157.9M
FIFTH THIRD BANCORP CALL+PUT	FITB	$324.4M	5,705,460	0.04%	flat	31q	-7.4%-$26.0M
MICROCHIP TECHNOLOGY INC. CALL+PUT	MCHP	$323.7M	3,425,723	0.04%	flat	31q	-19.0%-$75.7M
UNITED MICROELECTRONICS CORP CALL	UMC	$321.4M	11,632,967	0.04%	+0.03pp	31q	+42.3%+$95.5M
ISHARES INC PUT	EWJ	$320.8M	3,415,632	0.04%	-0.01pp	31q	-11.8%-$43.0M

Showing the largest 400 of 9,044 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
Semiconductors & Electronics	$104.7B	13.3%
Software & IT Services	$79.3B	10.1%
Funds & ETFs	$43.2B	5.5%
Biotech & Pharma	$41.4B	5.3%
Banks & Lending	$37.7B	4.8%
Retail & Consumer	$37.6B	4.8%
Computer Hardware	$37.0B	4.7%
Business Services	$24.0B	3.1%
Capital Markets	$23.3B	3.0%
Industrials	$22.2B	2.8%
Autos & Aerospace	$19.6B	2.5%
Energy	$18.5B	2.3%
Other sectors	$123.1B	15.7%
Not classified	$174.5B	22.2%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q2 2026	+14.0%	+14.8%	-0.8%	84%
Q1 2026	-2.5%	-4.6%	+2.2%	81%
Q4 2025	+1.9%	+2.4%	-0.4%	80%
Q3 2025	+8.0%	+7.8%	+0.2%	83%
Q2 2025	+9.6%	+10.5%	-0.9%	83%
Q1 2025	-3.4%	-4.6%	+1.2%	82%
Q4 2024	+0.6%	+2.1%	-1.6%	78%
Q3 2024	+5.8%	+5.4%	+0.3%	80%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$786.0B	9,044	1,171	3,750	3,682	1,232	20.8%	44
Q1 2026	$666.3B	9,105	1,300	4,368	3,119	1,278	17.2%	35
Q4 2025	$616.7B	9,083	1,317	3,544	3,905	1,094	18.9%	29
Q3 2025	$638.4B	8,860	1,063	3,494	3,991	1,074	21.3%	44
Q2 2025	$577.6B	8,871	1,020	3,876	3,606	995	19.4%	45
Q1 2025	$544.0B	8,846	1,080	4,125	3,342	856	18.3%	43
Q4 2024	$541.1B	8,622	1,328	5,422	1,636	927	19.1%	45
Q3 2024	$459.0B	8,221	1,012	4,184	2,690	1,080	22.7%	45
Q2 2024	$404.8B	8,289	1,168	3,227	3,558	932	22.8%	45
Q1 2024	$401.5B	8,053	1,131	3,483	3,141	1,082	23.6%	43
Q4 2023	$334.1B	8,004	1,099	4,187	2,472	1,346	20.3%	40
Q3 2023	$290.1B	8,251	1,486	2,672	3,738	966	21.0%	40
Q2 2023	$296.1B	7,731	858	3,563	2,991	1,546	20.1%	42
Q1 2023	$273.6B	8,419	852	3,588	3,720	1,903	21.0%	42
Q4 2022	$267.8B	9,470	1,398	4,454	3,106	1,082	17.5%	39
Q3 2022	$228.1B	9,154	1,047	4,090	3,275	1,075	19.3%	41
Q2 2022	$243.5B	9,182	1,127	3,067	4,431	1,047	17.8%	41
Q1 2022	$300.0B	9,102	1,017	3,159	4,502	988	19.3%	46
Q4 2021	$349.1B	9,073	1,607	4,408	2,715	833	20.2%	45
Q3 2021	$317.6B	8,299	1,163	3,352	3,406	1,081	20.4%	46
Q2 2021	$310.2B	8,217	1,223	3,097	3,631	877	20.3%	44
Q1 2021	$301.3B	7,871	1,311	3,442	2,898	748	21.5%	42
Q4 2020	$295.8B	7,308	988	3,434	2,636	720	22.7%	42
Q3 2020	$265.3B	7,040	744	2,777	3,222	732	24.5%	43
Q2 2020	$236.8B	7,028	685	2,599	3,522	629	22.8%	31
Q1 2020	$212.2B	6,972	608	1,901	4,282	623	23.3%	31
Q4 2019	$287.4B	6,987	569	3,828	2,292	554	17.7%	45
Q3 2019	$259.8B	6,972	526	3,619	2,533	493	19.6%	45
Q2 2019	$259.6B	6,939	671	3,497	2,418	566	19.4%	45
Q1 2019	$242.1B	6,834	458	2,690	3,387	672	19.8%	44
Q4 2018	$220.5B	7,048	0	0	0	0	20.0%	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.