CMT Capital Markets Trading GmbH

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

1632813

Reported value

$11.8B

Positions

385

Top 10 weight

38.0%

Filed

2026-08-13

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
GOLDMAN SACHS GROUP INC PUT	GS	$1.4B	options only	11.89%	+1.04pp	31q	OPTIONS
GOLDMAN SACHS GROUP INC CALL	GS	$464.9M	options only	3.94%	+2.26pp	31q	OPTIONS
ALPHABET INC CALL	GOOG	$428.3M	options only	3.63%	+0.53pp	31q	OPTIONS
ALPHABET INC PUT	GOOG	$407.6M	options only	3.45%	-0.09pp	31q	OPTIONS
APPLE INC CALL	AAPL	$384.7M	options only	3.26%	+0.25pp	31q	OPTIONS
TESLA INC PUT	TSLA	$325.8M	options only	2.76%	+0.58pp	31q	OPTIONS
ADOBE INC CALL	ADBE	$280.7M	options only	2.38%	+1.56pp	26q	OPTIONS
ADOBE INC PUT	ADBE	$272.6M	options only	2.31%	-1.65pp	26q	OPTIONS
SPDR GOLD TR CALL	GLD	$264.0M	options only	2.24%	-1.01pp	3q	OPTIONS
MICROSOFT CORP CALL	MSFT	$255.4M	options only	2.16%	+0.38pp	31q	OPTIONS
AMAZON COM INC CALL	AMZN	$250.7M	options only	2.12%	+0.41pp	31q	OPTIONS
MICRON TECHNOLOGY INC PUT	MU	$237.0M	options only	2.01%	+1.30pp	25q	OPTIONS
VANECK ETF TRUST PUT	SMH	$235.0M	options only	1.99%	-1.60pp	27q	OPTIONS
SPDR GOLD TR PUT	GLD	$213.4M	options only	1.81%	-0.75pp	6q	OPTIONS
CITIGROUP INC PUT	CPRR	$210.4M	options only	1.78%	-1.10pp	31q	OPTIONS
MICROSOFT CORP PUT	MSFT	$205.3M	options only	1.74%	+0.38pp	31q	OPTIONS
AMAZON COM INC PUT	AMZN	$204.6M	options only	1.73%	-0.20pp	31q	OPTIONS
TESLA INC CALL	TSLA	$198.6M	options only	1.68%	+0.16pp	31q	OPTIONS
ADVANCED MICRO DEVICES INC PUT	AMD	$168.6M	options only	1.43%	+0.83pp	31q	OPTIONS
META PLATFORMS INC CALL	META	$164.4M	options only	1.39%	-0.81pp	31q	OPTIONS
ISHARES TR PUT	IWM	$160.4M	options only	1.36%	+0.82pp	10q	OPTIONS
META PLATFORMS INC PUT	META	$156.9M	options only	1.33%	-0.30pp	31q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC PUT	TSM	$137.2M	options only	1.16%	-0.13pp	5q	OPTIONS
VANECK ETF TRUST CALL	SMH	$130.4M	options only	1.10%	-0.97pp	27q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC CALL	TSM	$126.2M	options only	1.07%	+0.12pp	5q	OPTIONS
ISHARES INC PUT	TUR	$106.4M	options only	0.90%	-0.16pp	6q	OPTIONS
CITIGROUP INC CALL	CPRR	$105.9M	options only	0.90%	-1.46pp	31q	OPTIONS
ISHARES INC CALL	TUR	$97.8M	options only	0.83%	+0.07pp	6q	OPTIONS
PALANTIR TECHNOLOGIES INC CALL	PLTR	$97.8M	options only	0.83%	+0.20pp	7q	OPTIONS
DELL TECHNOLOGIES INC PUT	DELL	$94.4M	options only	0.80%	+0.47pp	6q	OPTIONS
BROADCOM INC PUT	AVGO	$93.3M	options only	0.79%	+0.04pp	26q	OPTIONS
ALIBABA GROUP HLDG LTD CALL	BABA	$93.0M	options only	0.79%	-0.48pp	31q	OPTIONS
APPLE INC PUT	AAPL	$91.9M	options only	0.78%	+0.04pp	31q	OPTIONS
MICRON TECHNOLOGY INC CALL	MU	$88.9M	options only	0.75%	+0.37pp	6q	OPTIONS
SALESFORCE INC CALL	CRM	$85.0M	options only	0.72%	+0.25pp	28q	OPTIONS
NVIDIA CORPORATION PUT	NVDA	$84.1M	options only	0.71%	-0.09pp	31q	OPTIONS
ARM HOLDINGS PLC PUT	ARM	$82.9M	options only	0.70%	+0.45pp	10q	OPTIONS
PALANTIR TECHNOLOGIES INC PUT	PLTR	$80.8M	options only	0.68%	+0.35pp	8q	OPTIONS
PDD HOLDINGS INC CALL	PDD	$79.8M	options only	0.68%	+0.11pp	27q	OPTIONS
ADVANCED MICRO DEVICES INC CALL	AMD	$77.0M	options only	0.65%	+0.31pp	31q	OPTIONS
INTEL CORP CALL	INTC	$73.2M	options only	0.62%	+0.28pp	31q	OPTIONS
ARM HOLDINGS PLC CALL	ARM	$72.9M	options only	0.62%	+0.35pp	10q	OPTIONS
INTEL CORP PUT	INTC	$70.5M	options only	0.60%	+0.31pp	31q	OPTIONS
ISHARES TR CALL	IWM	$64.6M	options only	0.55%	-0.11pp	10q	OPTIONS
ASML HLDG NV CALL	ASML	$58.1M	options only	0.49%	+0.15pp	7q	OPTIONS
BROADCOM INC CALL	AVGO	$57.5M	options only	0.49%	-0.04pp	24q	OPTIONS
MARVELL TECHNOLOGY INC CALL	MRVL	$55.8M	options only	0.47%	+0.31pp	5q	OPTIONS
ASML HLDG NV PUT	ASML	$54.3M	options only	0.46%	+0.12pp	9q	OPTIONS
STARBUCKS CORP CALL	SBUX	$54.1M	options only	0.46%	-0.28pp	9q	OPTIONS
NETFLIX INC PUT	NFLX	$51.9M	options only	0.44%	-0.69pp	31q	OPTIONS
ALIBABA GROUP HLDG LTD PUT	BABA	$51.0M	options only	0.43%	-0.17pp	3q	OPTIONS
SELECT SECTOR SPDR TR PUT	XLU	$50.4M	options only	0.43%	-0.13pp	11q	OPTIONS
STARBUCKS CORP PUT	SBUX	$50.2M	options only	0.43%	-0.19pp	9q	OPTIONS
RIVIAN AUTOMOTIVE INC PUT	RIVN	$46.9M	options only	0.40%	flat	10q	OPTIONS
SANDISK CORP PUT	SNDK	$45.5M	options only	0.39%	+0.30pp	4q	OPTIONS
AMERICAN EXPRESS CO PUT	AXP	$44.2M	options only	0.37%	-0.14pp	25q	OPTIONS
QUALCOMM INC PUT	QCOM	$43.8M	options only	0.37%	+0.23pp	31q	OPTIONS
STATE STR SPDR S&P 500 ETF T CALL	SPY	$41.1M	options only	0.35%	+0.15pp	9q	OPTIONS
MARVELL TECHNOLOGY INC PUT	MRVL	$40.3M	options only	0.34%	+0.24pp	5q	OPTIONS
WELLS FARGO & CO PUT	WFC	$39.4M	options only	0.33%	-0.10pp	31q	OPTIONS
JPMORGAN CHASE & CO CALL	JPM	$39.2M	options only	0.33%	-0.10pp	31q	OPTIONS
AMERICAN EXPRESS CO CALL	AXP	$39.1M	options only	0.33%	-0.12pp	16q	OPTIONS
NETFLIX INC CALL	NFLX	$38.9M	options only	0.33%	-0.14pp	31q	OPTIONS
DELL TECHNOLOGIES INC CALL	DELL	$37.6M	options only	0.32%	+0.15pp	6q	OPTIONS
VALE S A PUT	VALE	$36.8M	options only	0.31%	-0.13pp	8q	OPTIONS
BANK OF AMER CORP CALL	BACPRB	$36.7M	options only	0.31%	+0.07pp	31q	OPTIONS
APPLIED MATLS INC CALL	AMAT	$36.4M	options only	0.31%	-0.02pp	7q	OPTIONS
QUALCOMM INC CALL	QCOM	$36.1M	options only	0.31%	+0.20pp	31q	OPTIONS
FREEPORT-MCMORAN INC PUT	FCX	$35.5M	options only	0.30%	-0.02pp	26q	OPTIONS
JPMORGAN CHASE & CO PUT	JPM	$33.3M	options only	0.28%	-0.18pp	31q	OPTIONS
UBER TECHNOLOGIES INC PUT	UBER	$32.3M	options only	0.27%	-0.13pp	27q	OPTIONS
VALE S A CALL	VALE	$31.1M	options only	0.26%	-0.02pp	8q	OPTIONS
PAYPAL HLDGS INC PUT	PYPL	$29.8M	options only	0.25%	-0.11pp	27q	OPTIONS
AIRBNB INC PUT	ABNB	$29.7M	options only	0.25%	-0.01pp	20q	OPTIONS
NVIDIA CORPORATION CALL	NVDA	$29.7M	options only	0.25%	-0.12pp	31q	OPTIONS
PDD HOLDINGS INC PUT	PDD	$29.3M	options only	0.25%	+0.06pp	27q	OPTIONS
WYNN RESORTS LTD CALL	WYNN	$29.1M	options only	0.25%	+0.06pp	25q	OPTIONS
COINBASE GLOBAL INC CALL	COIN	$28.3M	options only	0.24%	-0.12pp	21q	OPTIONS
SALESFORCE INC PUT	CRM	$27.2M	options only	0.23%	+0.03pp	28q	OPTIONS
PETROLEO BRASILEIRO S A CALL	PBR	$26.9M	options only	0.23%	-0.07pp	30q	OPTIONS
BARRICK MNG CORP PUT	B	$26.9M	options only	0.23%	+0.21pp	5q	OPTIONS
STATE STR SPDR S&P 500 ETF T PUT	SPY	$26.6M	options only	0.23%	-0.14pp	9q	OPTIONS
BANK OF AMER CORP PUT	BACPRB	$25.5M	options only	0.22%	-0.01pp	31q	OPTIONS
ROBINHOOD MKTS INC CALL	HOOD	$24.4M	options only	0.21%	+0.02pp	18q	OPTIONS
PETROLEO BRASILEIRO S A PUT	PBR	$24.1M	options only	0.20%	-0.09pp	30q	OPTIONS
INVESCO QQQ TR PUT	QQQ	$22.5M	options only	0.19%	-0.08pp	10q	OPTIONS
SEAGATE TECHNOLOGY HLDNGS PL PUT	STX	$21.9M	options only	0.19%	+0.07pp	3q	OPTIONS
INTERNATIONAL BUSINESS MACHS CALL	IBM	$21.7M	options only	0.18%	+0.14pp	11q	OPTIONS
DISNEY WALT CO CALL	DIS	$21.3M	options only	0.18%	flat	29q	OPTIONS
INTERNATIONAL BUSINESS MACHS PUT	IBM	$21.1M	options only	0.18%	+0.05pp	11q	OPTIONS
FREEPORT-MCMORAN INC CALL	FCX	$20.4M	options only	0.17%	+0.02pp	26q	OPTIONS
AMERICAN AIRLINES GROUP INC PUT	AAL	$20.1M	options only	0.17%	+0.04pp	31q	OPTIONS
RIVIAN AUTOMOTIVE INC CALL	RIVN	$20.0M	options only	0.17%	-0.03pp	10q	OPTIONS
COINBASE GLOBAL INC PUT	COIN	$19.5M	options only	0.17%	-0.09pp	21q	OPTIONS
T-MOBILE US INC CALL	TMUS	$19.5M	options only	0.16%	+0.15pp	10q	OPTIONS
SEAGATE TECHNOLOGY HLDNGS PL CALL	STX	$19.4M	options only	0.16%	+0.08pp	3q	OPTIONS
META PLATFORMS INC	META	$18.5M	32,829	0.16%	-0.03pp	3q	+5.1%+$899.0K
KLA CORP PUT	KLAC	$18.1M	options only	0.15%	+0.10pp	5q	OPTIONS
ISHARES SILVER TR CALL	SLV	$17.8M	options only	0.15%	-0.01pp	6q	OPTIONS
ORACLE CORP CALL	ORCLPRD	$17.7M	options only	0.15%	-0.03pp	31q	OPTIONS
WW GRAINGER INC CALL	GWW	$17.4M	options only	0.15%	+0.01pp	3q	OPTIONS
SELECT SECTOR SPDR TR CALL	XLU	$16.8M	options only	0.14%	-0.04pp	11q	OPTIONS
SNOWFLAKE INC CALL	SNOW	$16.8M	options only	0.14%	+0.10pp	3q	OPTIONS
CISCO SYS INC PUT	CSCO	$16.2M	options only	0.14%	-0.01pp	31q	OPTIONS
APPLIED MATLS INC PUT	AMAT	$15.8M	options only	0.13%	-0.08pp	7q	OPTIONS
KRANESHARES TRUST PUT	KWEB	$15.3M	options only	0.13%	+0.01pp	4q	OPTIONS
PAYPAL HLDGS INC CALL	PYPL	$15.0M	options only	0.13%	-0.13pp	27q	OPTIONS
NXP SEMICONDUCTORS N V PUT	NXPI	$14.7M	options only	0.12%	+0.04pp	2q	OPTIONS
KRANESHARES TRUST CALL	KWEB	$14.7M	options only	0.12%	-0.03pp	4q	OPTIONS
CISCO SYS INC CALL	CSCO	$14.6M	options only	0.12%	+0.02pp	31q	OPTIONS
ROBINHOOD MKTS INC PUT	HOOD	$14.5M	options only	0.12%	flat	18q	OPTIONS
SHOPIFY INC CALL	SHOP	$13.6M	options only	0.11%	-0.66pp	27q	OPTIONS
PFIZER INC CALL	PFE	$13.1M	options only	0.11%	flat	31q	OPTIONS
AMERICAN AIRLINES GROUP INC CALL	AAL	$13.1M	options only	0.11%	+0.08pp	31q	OPTIONS
LAM RESEARCH CORP CALL	LRCX	$12.7M	options only	0.11%	-0.05pp	6q	OPTIONS
BAIDU INC PUT	BIDU	$12.7M	options only	0.11%	+0.02pp	31q	OPTIONS
NOVO-NORDISK A S CALL	NVO	$12.4M	options only	0.11%	-0.02pp	4q	OPTIONS
JD.COM INC PUT	JD	$12.2M	options only	0.10%	+0.01pp	31q	OPTIONS
SHOPIFY INC PUT	SHOP	$12.0M	options only	0.10%	-0.42pp	27q	OPTIONS
ISHARES BITCOIN TRUST ETF PUT	IBIT	$11.7M	options only	0.10%	flat	7q	OPTIONS
ORACLE CORP PUT	ORCLPRD	$11.7M	options only	0.10%	-0.04pp	31q	OPTIONS
FORD MTR CO CALL	F	$11.6M	options only	0.10%	+0.06pp	10q	OPTIONS
AMERICAN EXPRESS CO	AXP	$11.5M	33,934	0.10%	-0.11pp	6q	-47.1%-$10.2M
GENERAL MTRS CO CALL	GM	$11.1M	options only	0.09%	+0.08pp	31q	OPTIONS
FORD MTR CO PUT	F	$11.1M	options only	0.09%	+0.05pp	31q	OPTIONS
MICROSOFT CORP	MSFT	$10.8M	29,036	0.09%	+0.04pp	5q	+122.9%+$6.0M
UBER TECHNOLOGIES INC CALL	UBER	$10.8M	options only	0.09%	+0.05pp	27q	OPTIONS
WYNN RESORTS LTD PUT	WYNN	$10.8M	options only	0.09%	+0.05pp	25q	OPTIONS
APPLE INC	AAPL	$10.0M	34,687	0.09%	+0.06pp	11q	+352.5%+$7.8M
JD.COM INC CALL	JD	$9.9M	options only	0.08%	-0.06pp	31q	OPTIONS
WESTERN DIGITAL CORP. PUT	WDC	$9.8M	options only	0.08%	flat	4q	OPTIONS
NIO INC PUT	NIO	$9.7M	options only	0.08%	-0.18pp	10q	OPTIONS
SNOWFLAKE INC PUT	SNOW	$9.7M	options only	0.08%	flat	3q	OPTIONS
BARRICK MNG CORP CALL	B	$9.7M	options only	0.08%	+0.07pp	5q	OPTIONS
NXP SEMICONDUCTORS N V CALL	NXPI	$9.5M	options only	0.08%	-0.01pp	2q	OPTIONS
BAIDU INC CALL	BIDU	$9.2M	options only	0.08%	+0.02pp	31q	OPTIONS
CROWDSTRIKE HLDGS INC PUT	CRWD	$9.0M	options only	0.08%	+0.02pp	3q	OPTIONS
SANDISK CORP CALL	SNDK	$8.9M	options only	0.08%	+0.04pp	4q	OPTIONS
BLACKSTONE INC CALL	BX	$8.9M	options only	0.08%	-	new	OPTIONS
CARNIVAL CORP LTD PUT	CCL	$8.8M	options only	0.07%	-	new	OPTIONS
TARGET CORP PUT	TGT	$8.8M	options only	0.07%	+0.03pp	27q	OPTIONS
WESTERN DIGITAL CORP. CALL	WDC	$8.5M	options only	0.07%	+0.04pp	4q	OPTIONS
PALO ALTO NETWORKS INC PUT	PANW	$8.3M	options only	0.07%	+0.01pp	31q	OPTIONS
GENERAL MTRS CO PUT	GM	$8.1M	options only	0.07%	-0.01pp	31q	OPTIONS
ALIBABA GROUP HLDG LTD	BABA	$8.1M	84,201	0.07%	flat	8q	+53.1%+$2.8M
SPOTIFY TECHNOLOGY S A PUT	SPOT	$7.9M	options only	0.07%	-0.05pp	3q	OPTIONS
NOVO-NORDISK A S PUT	NVO	$7.9M	options only	0.07%	-0.05pp	7q	OPTIONS
CENTENE CORP DEL CALL	CNC	$7.5M	options only	0.06%	+0.05pp	4q	OPTIONS
PALO ALTO NETWORKS INC CALL	PANW	$7.5M	options only	0.06%	+0.05pp	21q	OPTIONS
STARBUCKS CORP	SBUX	$7.1M	69,021	0.06%	-	new	NEW
DISNEY WALT CO PUT	DIS	$7.0M	options only	0.06%	-0.02pp	28q	OPTIONS
NU HLDGS LTD PUT	NU	$7.0M	options only	0.06%	-0.02pp	5q	OPTIONS
UNITEDHEALTH GROUP INC CALL	UNH	$6.8M	options only	0.06%	+0.04pp	4q	OPTIONS
NU HLDGS LTD CALL	NU	$6.8M	options only	0.06%	-0.02pp	5q	OPTIONS
PFIZER INC PUT	PFE	$6.7M	options only	0.06%	-0.09pp	31q	OPTIONS
GE VERNOVA INC CALL	GEV	$6.5M	options only	0.05%	+0.01pp	2q	OPTIONS
INVESCO QQQ TR CALL	QQQ	$6.4M	options only	0.05%	-0.21pp	9q	OPTIONS
DATADOG INC CALL	DDOG	$6.1M	options only	0.05%	-	new	OPTIONS
SYNOPSYS INC CALL	SNPS	$5.8M	options only	0.05%	-0.01pp	6q	OPTIONS
SNOWFLAKE INC	SNOW	$5.8M	22,776	0.05%	+0.04pp	2q	+257.0%+$4.2M
HUMANA INC CALL	HUM	$5.8M	options only	0.05%	-	new	OPTIONS
ELI LILLY & CO PUT	LLY	$5.8M	options only	0.05%	+0.04pp	2q	OPTIONS
SPOTIFY TECHNOLOGY S A CALL	SPOT	$5.7M	options only	0.05%	-0.07pp	3q	OPTIONS
CROWDSTRIKE HLDGS INC CALL	CRWD	$5.7M	options only	0.05%	+0.02pp	3q	OPTIONS
SANDISK CORP	SNDK	$5.6M	2,467	0.05%	-	new	NEW
MASTERCARD INCORPORATED PUT	MA	$5.3M	options only	0.05%	flat	26q	OPTIONS
SUPER MICRO COMPUTER INC CALL	SMCIP	$5.3M	options only	0.05%	+0.01pp	4q	OPTIONS
UNITED AIRLS HLDGS INC PUT	UAL	$5.2M	options only	0.04%	+0.01pp	28q	OPTIONS
SUPER MICRO COMPUTER INC PUT	SMCIP	$5.2M	options only	0.04%	flat	6q	OPTIONS
UNITED PARCEL SVCS INC PUT	UPS	$5.0M	options only	0.04%	flat	10q	OPTIONS
TEVA PHARMACEUTICAL INDS LTD CALL	TEVA	$4.9M	options only	0.04%	-0.03pp	6q	OPTIONS
ALPHABET INC	GOOGL	$4.9M	13,620	0.04%	+0.03pp	7q	+161.0%+$3.0M
SYNOPSYS INC PUT	SNPS	$4.9M	options only	0.04%	+0.01pp	6q	OPTIONS
COREWEAVE INC PUT	CRWV	$4.8M	options only	0.04%	+0.01pp	4q	OPTIONS
SCHWAB CHARLES CORP CALL	SCHWPRD	$4.8M	options only	0.04%	flat	10q	OPTIONS
MORGAN STANLEY PUT	MS	$4.7M	options only	0.04%	flat	31q	OPTIONS
ROUNDHILL ETF TRUST PUT	COIW	$4.6M	options only	0.04%	-	new	OPTIONS
SALESFORCE INC	CRM	$4.6M	29,245	0.04%	-0.04pp	6q	-31.0%-$2.1M
STATE STR SPDR S&P 500 ETF T	SPY	$4.5M	5,997	0.04%	-0.02pp	4q	-27.0%-$1.7M
GE AEROSPACE CALL	GE	$4.2M	options only	0.04%	-0.08pp	3q	OPTIONS
BLOCK INC PUT	XYZ	$4.2M	options only	0.04%	flat	31q	OPTIONS
STMICROELECTRONICS N V CALL	STM	$4.2M	options only	0.04%	-	new	OPTIONS
LULULEMON ATHLETICA INC CALL	LULU	$4.1M	options only	0.03%	-0.12pp	6q	OPTIONS
ASML HLDG NV	ASML	$4.1M	2,054	0.03%	+0.01pp	4q	-4.1%-$175.1K
PAYPAL HLDGS INC	PYPL	$4.1M	94,279	0.03%	+0.02pp	4q	+138.0%+$2.4M
AMERICAN AIRLINES GROUP INC	AAL	$3.8M	212,316	0.03%	+0.01pp	13q	-1.8%-$72.0K
NIO INC CALL	NIO	$3.8M	options only	0.03%	-0.14pp	11q	OPTIONS
MONGODB INC CALL	MDB	$3.6M	options only	0.03%	+0.02pp	4q	OPTIONS
KLA CORP CALL	KLAC	$3.6M	options only	0.03%	+0.01pp	6q	OPTIONS
LAM RESEARCH CORP PUT	LRCX	$3.6M	options only	0.03%	-0.09pp	6q	OPTIONS
GE VERNOVA INC PUT	GEV	$3.5M	options only	0.03%	flat	2q	OPTIONS
AIRBNB INC CALL	ABNB	$3.5M	options only	0.03%	flat	20q	OPTIONS
SHOPIFY INC	SHOP	$3.4M	30,080	0.03%	+0.03pp	10q	+1628.7%+$3.2M
BLOCK INC CALL	XYZ	$3.4M	options only	0.03%	flat	31q	OPTIONS
DELTA AIR LINES INC PUT	DAL	$3.1M	options only	0.03%	-0.02pp	28q	OPTIONS
NIKE INC PUT	NKE	$3.1M	options only	0.03%	-0.02pp	10q	OPTIONS
NEWMONT CORP PUT	NEM	$3.0M	options only	0.03%	-0.01pp	26q	OPTIONS
CONOCOPHILLIPS CALL	COP	$2.9M	options only	0.02%	-0.05pp	2q	OPTIONS
TEVA PHARMACEUTICAL INDS LTD PUT	TEVA	$2.9M	options only	0.02%	-0.05pp	6q	OPTIONS
KLA CORP	KLAC	$2.9M	9,508	0.02%	+0.02pp	5q	+1667.3%+$2.7M
WORTHINGTON ENTERPRISES INC CALL	WOR	$2.8M	options only	0.02%	+0.02pp	2q	OPTIONS
ISHARES SILVER TR PUT	SLV	$2.8M	options only	0.02%	flat	4q	OPTIONS
ORACLE CORP	ORCL	$2.7M	18,694	0.02%	-0.01pp	2q	-14.5%-$462.9K
T-MOBILE US INC PUT	TMUS	$2.7M	options only	0.02%	-0.01pp	10q	OPTIONS
MARVELL TECHNOLOGY INC	MRVL	$2.7M	9,055	0.02%	+0.01pp	5q	-43.6%-$2.1M
MCDONALDS CORP CALL	MCD	$2.7M	options only	0.02%	+0.01pp	9q	OPTIONS
FORD MTR CO	F	$2.6M	189,656	0.02%	+0.02pp	2q	+735.9%+$2.3M
OKLO INC CALL	OKLO	$2.6M	options only	0.02%	-	new	OPTIONS
DELTA AIR LINES INC CALL	DAL	$2.6M	options only	0.02%	-0.01pp	20q	OPTIONS
ADOBE INC	ADBE	$2.5M	12,164	0.02%	-0.01pp	6q	HELD
COREWEAVE INC CALL	CRWV	$2.5M	options only	0.02%	+0.01pp	2q	OPTIONS
CADENCE DESIGN SYSTEM INC PUT	CDNS	$2.4M	options only	0.02%	+0.01pp	6q	OPTIONS
SPACE EXPLORATION TECHN CORP CALL	SPCX	$2.4M	options only	0.02%	-	new	OPTIONS
TEXAS INSTRS INC CALL	TXN	$2.4M	options only	0.02%	-	new	OPTIONS
CENTENE CORP DEL	CNC	$2.4M	36,873	0.02%	+0.01pp	2q	+34.1%+$601.4K
WELLS FARGO & CO CALL	WFC	$2.3M	options only	0.02%	-0.04pp	31q	OPTIONS
SOFI TECHNOLOGIES INC CALL	SOFI	$2.3M	options only	0.02%	+0.01pp	6q	OPTIONS
CARNIVAL CORP LTD CALL	CCL	$2.3M	options only	0.02%	-	new	OPTIONS
AIRBNB INC	ABNB	$2.2M	15,579	0.02%	flat	6q	+12.4%+$245.7K
BOEING CO PUT	BA	$2.2M	options only	0.02%	-	new	OPTIONS
UNITEDHEALTH GROUP INC PUT	UNH	$2.2M	options only	0.02%	-0.02pp	4q	OPTIONS
SCHWAB CHARLES CORP PUT	SCHWPRD	$2.2M	options only	0.02%	flat	10q	OPTIONS
BARRICK MNG CORP	B	$2.2M	59,218	0.02%	-	new	NEW
PETROLEO BRASILEIRO S A	PBR	$2.2M	134,494	0.02%	-	new	NEW
SOUTHWEST AIRLS CO CALL	LUV	$2.2M	options only	0.02%	-0.01pp	2q	OPTIONS
JD.COM INC	JD	$2.1M	83,864	0.02%	-	new	NEW
NEWMONT CORP CALL	NEM	$2.0M	options only	0.02%	-	new	OPTIONS
OKLO INC PUT	OKLO	$1.9M	options only	0.02%	-	new	OPTIONS
ISHARES BITCOIN TRUST ETF CALL	IBIT	$1.9M	options only	0.02%	-0.02pp	7q	OPTIONS
NIO INC	NIO	$1.9M	370,762	0.02%	-	new	NEW
NETFLIX INC	NFLX	$1.9M	26,253	0.02%	-0.02pp	4q	-32.6%-$906.6K
VISA INC PUT	V	$1.9M	options only	0.02%	-	new	OPTIONS
TEXAS INSTRS INC PUT	TXN	$1.8M	options only	0.02%	-	new	OPTIONS
ADVANCED MICRO DEVICES INC	AMD	$1.8M	3,111	0.02%	flat	6q	-57.6%-$2.5M
ANALOG DEVICES INC PUT	ADI	$1.8M	options only	0.02%	flat	9q	OPTIONS
WALMART INC CALL	WMT	$1.8M	options only	0.01%	-0.03pp	9q	OPTIONS
UNITED PARCEL SVCS INC CALL	UPS	$1.8M	options only	0.01%	-0.01pp	10q	OPTIONS
TARGET CORP CALL	TGT	$1.7M	options only	0.01%	-	new	OPTIONS
KRANESHARES TRUST	KWEB	$1.7M	69,718	0.01%	flat	2q	+98.4%+$846.0K
EXXON MOBIL CORP PUT	XOMXXXX	$1.7M	options only	0.01%	-0.02pp	31q	OPTIONS
VANECK ETF TRUST	SMH	$1.6M	2,469	0.01%	-0.01pp	2q	-64.8%-$3.0M
MARA HOLDINGS INC CALL	MARA	$1.6M	options only	0.01%	+0.01pp	2q	OPTIONS
WYNN RESORTS LTD	WYNN	$1.6M	16,217	0.01%	-	new	NEW
BROADCOM INC	AVGO	$1.6M	4,102	0.01%	-0.01pp	4q	-50.3%-$1.6M
VANECK ETF TRUST	GDXJ	$1.5M	15,639	0.01%	flat	2q	+58.3%+$566.2K
BLOCK INC	XYZ	$1.5M	20,139	0.01%	-0.01pp	9q	-35.2%-$831.8K
LAM RESEARCH CORP	LRCX	$1.5M	3,483	0.01%	+0.01pp	3q	+62.1%+$578.0K
HIMS & HERS HEALTH INC CALL	HIMS	$1.5M	options only	0.01%	flat	6q	OPTIONS
ROUNDHILL ETF TRUST		$1.4M	19,517	0.01%	-	new	NEW
BANK OF AMER CORP	BAC	$1.4M	24,811	0.01%	-	new	NEW
PDD HOLDINGS INC	PDD	$1.4M	18,381	0.01%	flat	10q	+27.4%+$301.1K
SOFI TECHNOLOGIES INC PUT	SOFI	$1.4M	options only	0.01%	flat	6q	OPTIONS
TESLA INC	TSLA	$1.4M	3,319	0.01%	-0.03pp	3q	-65.5%-$2.6M
APPLIED MATLS INC	AMAT	$1.4M	1,924	0.01%	-	new	NEW
SOUTHWEST AIRLS CO PUT	LUV	$1.4M	options only	0.01%	flat	2q	OPTIONS
EXXON MOBIL CORP CALL	XOMXXXX	$1.3M	options only	0.01%	flat	31q	OPTIONS
DATADOG INC PUT	DDOG	$1.3M	options only	0.01%	-	new	OPTIONS
RIVIAN AUTOMOTIVE INC	RIVN	$1.3M	73,083	0.01%	+0.01pp	2q	+199.3%+$844.3K
WHIRLPOOL CORP CALL	WHRPRA	$1.3M	options only	0.01%	-	new	OPTIONS
VALE S A	VALE	$1.3M	83,226	0.01%	-0.02pp	5q	-52.7%-$1.4M
UIPATH INC CALL	PATH	$1.2M	options only	0.01%	+0.01pp	2q	OPTIONS
AMAZON COM INC	AMZN	$1.2M	5,219	0.01%	-0.01pp	3q	-47.7%-$1.1M
ELECTRONIC ARTS INC CALL	EA	$1.2M	options only	0.01%	flat	30q	OPTIONS
AGNICO EAGLE MINES LTD PUT	AEM	$1.2M	options only	0.01%	-0.01pp	25q	OPTIONS
SPACE EXPLORATION TECHN CORP PUT	SPCX	$1.2M	options only	0.01%	-	new	OPTIONS
UNITY SOFTWARE INC CALL	U	$1.2M	options only	0.01%	-	new	OPTIONS
COINBASE GLOBAL INC	COIN	$1.1M	7,771	0.01%	flat	6q	+43.4%+$343.7K
WALMART INC PUT	WMT	$1.1M	options only	0.01%	-0.01pp	9q	OPTIONS
NVIDIA CORPORATION	NVDA	$1.1M	5,650	0.01%	-0.02pp	4q	-62.5%-$1.9M
GE VERNOVA INC	GEV	$1.1M	944	0.01%	flat	2q	-14.4%-$186.8K
KRAFT HEINZ CO PUT	KHC	$1.1M	options only	0.01%	-0.01pp	28q	OPTIONS
GE AEROSPACE PUT	GE	$1.0M	options only	0.01%	-0.03pp	3q	OPTIONS
FEDEX CORP CALL	FDX	$1.0M	options only	0.01%	flat	25q	OPTIONS
STRATEGY INC CALL	STRF	$991.0K	options only	0.01%	-0.02pp	5q	OPTIONS
QUANTUMSCAPE CORP CALL	QS	$976.0K	options only	0.01%	-	new	OPTIONS
LAUDER ESTEE COS INC CALL	EL	$955.0K	options only	0.01%	-	new	OPTIONS
ROBLOX CORP PUT	RBLX	$946.0K	options only	0.01%	flat	2q	OPTIONS
CADENCE DESIGN SYSTEM INC CALL	CDNS	$938.0K	options only	0.01%	flat	2q	OPTIONS
VISA INC CALL	V	$926.0K	options only	0.01%	-	new	OPTIONS
ROUNDHILL ETF TRUST CALL	COIW	$923.0K	options only	0.01%	-	new	OPTIONS
INTEL CORP	INTC	$917.0K	6,564	0.01%	-0.02pp	3q	-87.0%-$6.2M
BLACKSTONE INC	BX	$915.0K	7,778	0.01%	-0.01pp	2q	-27.0%-$338.1K
ANALOG DEVICES INC CALL	ADI	$913.0K	options only	0.01%	-0.02pp	6q	OPTIONS
WAYFAIR INC PUT	W	$887.0K	options only	0.01%	flat	27q	OPTIONS
UNITED AIRLS HLDGS INC CALL	UAL	$884.0K	options only	0.01%	-0.04pp	19q	OPTIONS
SOUNDHOUND AI INC CALL	SOUN	$879.0K	options only	0.01%	-	new	OPTIONS
BOEING CO CALL	BA	$866.0K	options only	0.01%	-	new	OPTIONS
LAS VEGAS SANDS CORP PUT	LVS	$864.0K	options only	0.01%	-	new	OPTIONS
CATERPILLAR INC PUT	CAT	$852.0K	options only	0.01%	flat	10q	OPTIONS
PALANTIR TECHNOLOGIES INC	PLTR	$836.0K	7,165	0.01%	-0.01pp	4q	-30.3%-$363.3K
HIMS & HERS HEALTH INC PUT	HIMS	$822.0K	options only	0.01%	flat	5q	OPTIONS
ON SEMICONDUCTOR CORP PUT	ON	$822.0K	options only	0.01%	flat	5q	OPTIONS
NIKE INC CALL	NKE	$821.0K	options only	0.01%	-0.01pp	10q	OPTIONS
BAIDU INC	BIDU	$799.0K	6,989	0.01%	-0.07pp	3q	-89.3%-$6.6M
FREEPORT-MCMORAN INC	FCX	$794.0K	12,621	0.01%	flat	2q	-24.5%-$258.1K
ARM HOLDINGS PLC	ARM	$776.0K	2,188	0.01%	flat	2q	-65.9%-$1.5M
GLOBALFOUNDRIES INC PUT	GFS	$775.0K	options only	0.01%	-	new	OPTIONS
UNITED AIRLS HLDGS INC	UAL	$774.0K	5,688	0.01%	flat	3q	+4.6%+$34.2K
LULULEMON ATHLETICA INC	LULU	$772.0K	6,764	0.01%	-0.01pp	5q	-47.7%-$702.7K
STMICROELECTRONICS N V PUT	STM	$756.0K	options only	0.01%	-	new	OPTIONS
SELECT SECTOR SPDR TR	XLE	$748.0K	14,081	0.01%	-	new	NEW
OCCIDENTAL PETE CORP CALL	OXY	$724.0K	options only	0.01%	-0.06pp	27q	OPTIONS
XPENG INC	XPEV	$724.0K	54,675	0.01%	flat	5q	+176.6%+$462.3K
CITIGROUP INC	C	$722.0K	5,160	0.01%	flat	5q	+9.7%+$63.9K
XPENG INC CALL	XPEV	$692.0K	options only	0.01%	flat	6q	OPTIONS
FEDEX CORP PUT	FDX	$689.0K	options only	0.01%	-0.03pp	24q	OPTIONS
WW GRAINGER INC PUT	GWW	$680.0K	options only	0.01%	-0.01pp	2q	OPTIONS
MONGODB INC PUT	MDB	$672.0K	options only	0.01%	-0.01pp	4q	OPTIONS
XPENG INC PUT	XPEV	$662.0K	options only	0.01%	-0.01pp	5q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$647.0K	1,355	0.01%	-	new	NEW
WW GRAINGER INC	GWW	$645.0K	474	0.01%	-	new	NEW
UNITY SOFTWARE INC	U	$643.0K	22,507	0.01%	flat	2q	+63.6%+$249.9K
KRAFT HEINZ CO	KHC	$638.0K	26,994	0.01%	flat	2q	-32.1%-$301.6K
ELI LILLY & CO	LLY	$632.0K	527	0.01%	flat	2q	+104.3%+$322.6K
LULULEMON ATHLETICA INC PUT	LULU	$628.0K	options only	0.01%	-0.09pp	9q	OPTIONS
SUPER MICRO COMPUTER INC	SMCI	$620.0K	21,145	0.01%	flat	2q	+33.2%+$154.4K
ISHARES SILVER TR	SLV	$616.0K	11,513	0.01%	-0.01pp	2q	-49.3%-$599.9K
MASTERCARD INCORPORATED CALL	MA	$616.0K	options only	0.01%	-	new	OPTIONS
WHIRLPOOL CORP	WHR	$613.0K	15,539	0.01%	-0.01pp	2q	-14.1%-$100.9K
GLOBALFOUNDRIES INC CALL	GFS	$610.0K	options only	0.01%	flat	2q	OPTIONS
SPDR GOLD TR	GLD	$598.0K	1,624	0.01%	flat	4q	+25.0%+$119.7K
CISCO SYS INC	CSCO	$582.0K	4,951	0.00%	flat	3q	-33.2%-$289.4K
BOEING CO	BA	$577.0K	2,666	0.00%	-	new	NEW
CATERPILLAR INC	CAT	$573.0K	538	0.00%	flat	4q	-50.8%-$591.1K
LAS VEGAS SANDS CORP CALL	LVS	$568.0K	options only	0.00%	flat	31q	OPTIONS
FUTU HLDGS LTD PUT	FUTU	$562.0K	options only	0.00%	-0.03pp	8q	OPTIONS
VISA INC	V	$550.0K	1,602	0.00%	-	new	NEW
ISHARES INC	EWZ	$548.0K	15,890	0.00%	-0.02pp	6q	-68.1%-$1.2M
ANALOG DEVICES INC	ADI	$542.0K	1,364	0.00%	-	new	NEW
CATERPILLAR INC CALL	CAT	$532.0K	options only	0.00%	-0.01pp	10q	OPTIONS
UPSTART HLDGS INC CALL	UPST	$531.0K	options only	0.00%	-	new	OPTIONS
BILIBILI INC CALL	BILI	$528.0K	options only	0.00%	flat	9q	OPTIONS
NOVO-NORDISK A S	NVO	$526.0K	10,978	0.00%	-	new	NEW
NIKE INC	NKE	$525.0K	12,800	0.00%	-	new	NEW
IONQ INC CALL	IONQ	$522.0K	options only	0.00%	-	new	OPTIONS
FUTU HLDGS LTD CALL	FUTU	$506.0K	options only	0.00%	-0.02pp	8q	OPTIONS
TEVA PHARMACEUTICAL INDS LTD	TEVA	$505.0K	14,912	0.00%	-0.01pp	6q	-59.4%-$739.6K
MASTERCARD INCORPORATED	MA	$501.0K	976	0.00%	flat	2q	+50.9%+$168.9K
UNITED PARCEL SVCS INC	UPS	$493.0K	4,586	0.00%	-0.01pp	4q	-66.7%-$985.9K
TEXAS INSTRS INC	TXN	$479.0K	1,607	0.00%	-	new	NEW
NEWMONT CORP	NEM	$475.0K	5,091	0.00%	flat	2q	-32.2%-$225.9K
NU HLDGS LTD	NU	$456.0K	34,130	0.00%	flat	2q	+71.1%+$189.5K
PFIZER INC	PFE	$452.0K	18,782	0.00%	-	new	NEW
WAYFAIR INC	W	$452.0K	4,893	0.00%	flat	2q	-12.3%-$63.3K
SNAP INC PUT	SNAP	$444.0K	options only	0.00%	-0.01pp	31q	OPTIONS
UBER TECHNOLOGIES INC	UBER	$440.0K	6,091	0.00%	flat	7q	-24.9%-$145.6K
LYFT INC PUT	LYFT	$438.0K	options only	0.00%	flat	28q	OPTIONS
WESTERN DIGITAL CORP	WDC	$416.0K	651	0.00%	flat	3q	-76.2%-$1.3M
TEXTRON INC CALL	TXT	$394.0K	options only	0.00%	-0.02pp	2q	OPTIONS
DISNEY WALT CO	DIS	$391.0K	4,060	0.00%	-	new	NEW
SYNOPSYS INC	SNPS	$374.0K	838	0.00%	flat	4q	-43.0%-$282.5K
MICRON TECHNOLOGY INC	MU	$359.0K	311	0.00%	-0.06pp	7q	-98.4%-$21.5M
HOME DEPOT INC CALL	HD	$353.0K	options only	0.00%	-	new	OPTIONS
HOME DEPOT INC PUT	HD	$353.0K	options only	0.00%	flat	2q	OPTIONS
DELL TECHNOLOGIES INC	DELL	$337.0K	782	0.00%	flat	2q	-50.8%-$348.2K
SNAP INC	SNAP	$333.0K	74,977	0.00%	flat	10q	+8.8%+$26.9K
TARGET CORP	TGT	$333.0K	2,551	0.00%	-0.01pp	2q	-75.0%-$998.5K
QUANTUMSCAPE CORP PUT	QS	$332.0K	options only	0.00%	-	new	OPTIONS
QUALCOMM INC	QCOM	$324.0K	1,756	0.00%	flat	3q	-66.1%-$632.5K
STRATEGY INC	MSTR	$319.0K	3,665	0.00%	flat	2q	+28.8%+$71.4K
APOLLO GLOBAL MGMT INC	APO	$317.0K	2,683	0.00%	flat	2q	-24.5%-$102.9K
ASANA INC CALL	ASAN	$315.0K	options only	0.00%	-	new	OPTIONS
KE HLDGS INC CALL	BEKE	$314.0K	options only	0.00%	-	new	OPTIONS
STRATEGY INC PUT	STRF	$304.0K	options only	0.00%	-0.02pp	7q	OPTIONS
DELTA AIR LINES INC	DAL	$296.0K	3,163	0.00%	-0.01pp	2q	-78.7%-$1.1M
CELSIUS HLDGS INC CALL	CELH	$293.0K	options only	0.00%	flat	3q	OPTIONS
CELSIUS HLDGS INC PUT	CELH	$293.0K	options only	0.00%	-	new	OPTIONS
IONQ INC PUT	IONQ	$293.0K	options only	0.00%	-	new	OPTIONS
MORGAN STANLEY CALL	MS	$293.0K	options only	0.00%	flat	31q	OPTIONS
ON SEMICONDUCTOR CORP CALL	ON	$293.0K	options only	0.00%	-0.01pp	2q	OPTIONS
ROBINHOOD MKTS INC	HOOD	$285.0K	2,847	0.00%	-	new	NEW
LYFT INC	LYFT	$274.0K	18,779	0.00%	flat	6q	HELD
CHEVRON CORPORATION	CVX	$268.0K	1,618	0.00%	-	new	NEW
BILIBILI INC PUT	BILI	$264.0K	options only	0.00%	-0.02pp	9q	OPTIONS
NXP SEMICONDUCTORS N V	NXPI	$260.0K	924	0.00%	-	new	NEW
FEDEX FGHT HLDG CO INC CALL		$242.0K	options only	0.00%	-	new	OPTIONS
MORGAN STANLEY	MS	$228.0K	1,093	0.00%	flat	2q	-69.4%-$517.1K
CHEVRON CORPORATION PUT	CVX	$215.0K	options only	0.00%	-0.02pp	31q	OPTIONS
GENERAL MTRS CO	GM	$213.0K	2,769	0.00%	-	new	NEW
COREWEAVE INC	CRWV	$209.0K	2,102	0.00%	-	new	NEW
VANECK ETF TRUST	GDX	$209.0K	2,767	0.00%	-0.01pp	10q	-82.9%-$1.0M
CARNIVAL CORP LTD	CCL	$208.0K	7,274	0.00%	-	new	NEW
TMC THE METALS COMPANY INC CALL	TMC	$199.0K	options only	0.00%	-	new	OPTIONS
ISHARES ETHEREUM TR PUT	ETHA	$171.0K	options only	0.00%	flat	4q	OPTIONS
ISHARES ETHEREUM TR CALL	ETHA	$150.0K	options only	0.00%	-	new	OPTIONS

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	$2.7B	22.5%
Capital Markets	$2.4B	20.6%
Semiconductors & Electronics	$1.7B	14.4%
Computer Hardware	$829.6M	7.0%
Autos & Aerospace	$660.2M	5.6%
Retail & Consumer	$616.1M	5.2%
Business Services	$443.8M	3.8%
Banks & Lending	$281.9M	2.4%
Other sectors	$838.4M	7.1%
Not classified	$1.3B	11.3%

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	+22.6%	+14.8%	+7.8%	100%
Q1 2026	-5.0%	-4.6%	-0.3%	100%
Q4 2025	+5.5%	+2.4%	+3.2%	100%
Q3 2025	+14.1%	+7.8%	+6.3%	100%
Q2 2025	+17.7%	+10.5%	+7.3%	101%
Q1 2025	+4.4%	-4.6%	+8.9%	100%
Q4 2024	+8.0%	+2.1%	+5.9%	100%
Q3 2024	+4.1%	+5.4%	-1.3%	100%

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	$11.8B	385	68	29	45	55	38.0%	44
Q1 2026	$9.6B	372	73	39	20	57	39.1%	45
Q4 2025	$11.2B	356	46	22	39	37	40.0%	51
Q3 2025	$10.7B	347	80	21	32	38	40.4%	43
Q2 2025	$9.0B	305	51	26	24	38	43.7%	44
Q1 2025	$7.5B	292	60	17	25	51	40.8%	45
Q4 2024	$9.0B	283	36	20	26	36	36.2%	45
Q3 2024	$8.4B	283	27	22	35	20	35.5%	45
Q2 2024	$7.7B	276	43	29	23	14	35.8%	45
Q1 2024	$7.4B	247	48	23	13	34	33.9%	46
Q4 2023	$9.3B	233	20	16	21	29	44.5%	45
Q3 2023	$7.8B	242	18	25	20	20	43.0%	45
Q2 2023	$10.8B	244	37	11	16	12	45.5%	45
Q1 2023	$11.6B	219	17	8	12	113	46.6%	46
Q4 2022	$15.1B	315	33	28	21	45	42.8%	45
Q3 2022	$13.4B	327	50	32	16	17	43.1%	46
Q2 2022	$12.7B	294	39	16	25	44	38.7%	46
Q1 2022	$17.3B	299	27	23	38	54	37.4%	46
Q4 2021	$20.8B	326	36	35	32	28	37.2%	45
Q3 2021	$16.5B	318	65	28	17	17	36.5%	46
Q2 2021	$13.1B	270	37	24	13	27	38.3%	47
Q1 2021	$11.6B	260	45	19	11	45	42.0%	47
Q4 2020	$10.7B	260	40	13	13	28	48.4%	47
Q3 2020	$10.4B	248	11	0	0	10	47.3%	47
Q2 2020	$6.8B	247	44	9	14	26	43.3%	45
Q1 2020	$4.8B	229	52	13	8	28	48.7%	45
Q4 2019	$5.3B	205	68	7	10	14	46.2%	45
Q3 2019	$3.8B	151	33	7	10	8	51.3%	45
Q2 2019	$3.2B	126	12	12	6	14	55.2%	45
Q1 2019	$3.0B	128	33	2	4	30	55.7%	45
Q4 2018	$3.4B	125	0	0	0	0	54.3%	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.