# SONA ASSET MANAGEMENT (US) LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1856405. Source: https://holderbook.com/funds/1856405-sona-asset-management-us-llc/

- Reported value: $4.8B
- Positions: 409
- Weight of the ten largest: 46.9%
- Filed: 2026-08-14

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

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $670.7M | 0 | 14.1% | 7 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $282.6M | 2,287,240 | 5.9% | 4 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $276.4M | 5,495,158 | 5.8% | 5 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $209.9M | 0 | 4.4% | 2 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $180.9M | 12,363 | 3.8% | 12 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $137.9M | 648,262 | 2.9% | 3 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $131.9M | 209,432 | 2.8% | 6 |
| BILL HOLDINGS INC | - | $129.7M | 150,078,000 | 2.7% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $113.5M | 0 | 2.4% | 3 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $99.1M | 0 | 2.1% | 5 |
| TRIP COM GROUP LTD | - | $93.6M | 95,000,000 | 2.0% | 4 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $86.6M | 0 | 1.8% | 4 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $74.1M | 0 | 1.6% | 5 |
| ETSY INC | - | $71.0M | 77,500,000 | 1.5% | 1 |
| KYIVSTAR GROUP LTD | [KYIV](https://holderbook.com/stocks/KYIV/) | $64.9M | 4,014,331 | 1.4% | 4 |
| SHARONAI HOLDINGS INC | [SHAZ](https://holderbook.com/stocks/SHAZ/) | $63.4M | 749,362 | 1.3% | 2 |
| ALPHABET INC | - | $62.4M | 1,245,000 | 1.3% | 1 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $59.7M | 0 | 1.3% | 1 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $54.3M | 0 | 1.1% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $54.1M | 0 | 1.1% | 6 |
| DRAFTKINGS INC NEW | - | $52.3M | 55,999,000 | 1.1% | 8 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $51.7M | 536,466 | 1.1% | 2 |
| SHIFT4 PMTS INC | - | $51.0M | 53,398,000 | 1.1% | 2 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $48.7M | 3,319,005 | 1.0% | 2 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $48.1M | 0 | 1.0% | 1 |
| ALPHABET INC | [GOOGN](https://holderbook.com/stocks/GOOGN/) | $42.9M | 850,000 | 0.9% | 1 |
| BITDEER TECHNOLOGIES GROUP | [BTDR](https://holderbook.com/stocks/BTDR/) | $40.6M | 1,410,000 | 0.9% | 4 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $40.6M | 2,575,000 | 0.9% | 3 |
| SUPER MICRO COMPUTER INC | [SMCIP](https://holderbook.com/stocks/SMCIP/) | $38.5M | 750,000 | 0.8% | 1 |
| BLUE ACQUISITION CORP. | [BACC](https://holderbook.com/stocks/BACC/) | $35.4M | 3,342,359 | 0.7% | 3 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $30.9M | 75,000 | 0.6% | 2 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $27.6M | 0 | 0.6% | 1 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $25.7M | 181,029 | 0.5% | 4 |
| BORR DRILLING LTD | [BORR](https://holderbook.com/stocks/BORR/) | $25.0M | 6,050,000 | 0.5% | 1 |
| VIASAT INC | [VSAT](https://holderbook.com/stocks/VSAT/) | $24.4M | 272,241 | 0.5% | 1 |
| CELCUITY INC | - | $23.9M | 21,000,000 | 0.5% | 1 |
| SERVICE PPTYS TR | [SVC](https://holderbook.com/stocks/SVC/) | $22.1M | 13,100,000 | 0.5% | 1 |
| ETSY INC | - | $20.6M | 20,222,000 | 0.4% | 4 |
| SOREN ACQUISITION CORP | [SORN](https://holderbook.com/stocks/SORN/) | $18.4M | 1,850,000 | 0.4% | 2 |
| IHEARTMEDIA INC | [IHRT](https://holderbook.com/stocks/IHRT/) | $17.6M | 4,109,524 | 0.4% | 4 |
| NEXTNAV INC | [NN](https://holderbook.com/stocks/NN/) | $17.3M | 569,713 | 0.4% | 8 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $17.1M | 0 | 0.4% | 1 |
| LAFAYETTE DIGITAL ACQUISITIO | [ZKP](https://holderbook.com/stocks/ZKP/) | $16.7M | 1,675,000 | 0.4% | 2 |
| CCC INTELLIGENT SOLUTIONS HL | [CCC](https://holderbook.com/stocks/CCC/) | $16.4M | 3,182,847 | 0.3% | 1 |
| DAUCH CORP | [DCH](https://holderbook.com/stocks/DCH/) | $16.3M | 1,999,257 | 0.3% | 5 |
| MANCHESTER UTD PLC NEW | [MANU](https://holderbook.com/stocks/MANU/) | $15.6M | 681,402 | 0.3% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $15.6M | 43,520 | 0.3% | 1 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $14.1M | 0 | 0.3% | 1 |
| WAYFAIR INC | - | $14.1M | 14,095,000 | 0.3% | 14 |
| AMC ENTMT HLDGS INC | [AMC](https://holderbook.com/stocks/AMC/) | $13.9M | 7,306,759 | 0.3% | 1 |
| RRE VENTURES ACQUISITION COR | - | $12.0M | 1,200,000 | 0.3% | 1 |
| GDS HLDGS LTD | [GDS](https://holderbook.com/stocks/GDS/) | $10.3M | 343,300 | 0.2% | 1 |
| FORTRESS VALUE ACQU CORP V | [FVAV](https://holderbook.com/stocks/FVAV/) | $10.1M | 1,000,000 | 0.2% | 2 |
| IRENIC ACQUISITION CORP | [IACQU](https://holderbook.com/stocks/IACQU/) | $10.0M | 1,000,000 | 0.2% | 1 |
| AVERIN CAP ACQUISITION CORP | - | $10.0M | 1,000,000 | 0.2% | 1 |
| MOUNTAIN LAKE ACQUISIT CORP | [MLAA](https://holderbook.com/stocks/MLAA/) | $9.9M | 1,000,000 | 0.2% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $9.8M | 400,000 | 0.2% | 1 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $9.7M | 70,000 | 0.2% | 1 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $9.4M | 30,000 | 0.2% | 4 |
| CAMBRIDGE ACQUISITION CORP | [CAQ](https://holderbook.com/stocks/CAQ/) | $9.4M | 950,000 | 0.2% | 1 |
| BLEICHROEDER ACQUISITI CORP | [BBCQ](https://holderbook.com/stocks/BBCQ/) | $9.3M | 900,000 | 0.2% | 2 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $9.0M | 50,000 | 0.2% | 1 |
| ILLUMINATION ACQUISITIO CORP | - | $8.9M | 900,000 | 0.2% | 1 |
| KEYSTONE ACQUISITION CORP | - | $8.9M | 900,000 | 0.2% | 1 |
| REVOLUTION MEDICINES INC | [RVMD](https://holderbook.com/stocks/RVMD/) | $8.7M | 46,450 | 0.2% | 1 |
| QIAGEN NV | [QGEN](https://holderbook.com/stocks/QGEN/) | $8.7M | 222,060 | 0.2% | 2 |
| IRIS ACQUISITION CORP II | [IRAB](https://holderbook.com/stocks/IRAB/) | $8.4M | 850,000 | 0.2% | 2 |
| OCEANHAWK ACQUISITION CORP | [OHACR](https://holderbook.com/stocks/OHACR/) | $8.4M | 850,000 | 0.2% | 1 |
| NEWHOLD INVTS CORP IV | - | $8.2M | 800,000 | 0.2% | 1 |
| FLUTTER ENTMT PLC | [FLUT](https://holderbook.com/stocks/FLUT/) | $8.1M | 78,823 | 0.2% | 1 |
| ARCHIMEDES TECH SPAC PTNRS I | [ARCI](https://holderbook.com/stocks/ARCI/) | $8.0M | 800,000 | 0.2% | 2 |
| MUZERO ACQUISITION CORP | [MUZE](https://holderbook.com/stocks/MUZE/) | $7.9M | 800,000 | 0.2% | 2 |
| D. BORAL ARC ACQ I CORP. | [BCAR](https://holderbook.com/stocks/BCAR/) | $7.8M | 750,000 | 0.2% | 1 |
| STUBHUB HLDGS INC | [STUB](https://holderbook.com/stocks/STUB/) | $7.5M | 585,106 | 0.2% | 1 |
| ABONY ACQUISITION CORP I | [AACOU](https://holderbook.com/stocks/AACOU/) | $7.5M | 750,000 | 0.2% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.5M | 0 | 0.2% | 5 |
| ART TECHNOLOGY ACQUISITION C | [ARTC](https://holderbook.com/stocks/ARTC/) | $7.4M | 750,000 | 0.2% | 2 |
| ALDABRA 4 LQDTY OPP VEH INC | [ALOV](https://holderbook.com/stocks/ALOV/) | $7.4M | 748,363 | 0.2% | 2 |
| ENERGY TRANSITION SPL OPPORT | - | $7.4M | 747,500 | 0.2% | 1 |
| ETSY INC | - | $7.1M | 7,500,000 | 0.1% | 1 |
| TRIBECA STRATEGIC ACQUISITIO | - | $7.0M | 700,000 | 0.1% | 1 |
| GMR SOLUTIONS INC | [GMRS](https://holderbook.com/stocks/GMRS/) | $7.0M | 450,000 | 0.1% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $6.9M | 23,000 | 0.1% | 1 |
| AXIOM INTELLIGENCE AC CORP 1 | [AXIN](https://holderbook.com/stocks/AXIN/) | $6.7M | 650,000 | 0.1% | 2 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $6.7M | 14,925 | 0.1% | 2 |
| BAUSCH PLUS LOMB CORP | [BLCO](https://holderbook.com/stocks/BLCO/) | $6.7M | 404,279 | 0.1% | 1 |
| ARMADA ACQUISITION CORP III | [AACI](https://holderbook.com/stocks/AACI/) | $6.5M | 650,000 | 0.1% | 2 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $6.3M | 55,000 | 0.1% | 1 |
| CHEMOURS CO | [CC](https://holderbook.com/stocks/CC/) | $6.2M | 300,000 | 0.1% | 1 |
| RIOT PLATFORMS INC | [RIOT](https://holderbook.com/stocks/RIOT/) | $6.2M | 224,830 | 0.1% | 4 |
| MOZAYYX ACQUISITION CORP | [MZYXU](https://holderbook.com/stocks/MZYXU/) | $6.0M | 600,000 | 0.1% | 2 |
| BLACK SPADE ACQUISITION III | [BIII](https://holderbook.com/stocks/BIII/) | $6.0M | 600,000 | 0.1% | 1 |
| M EVO GBL ACQUISITION CORP I | [MEVO](https://holderbook.com/stocks/MEVO/) | $6.0M | 600,000 | 0.1% | 2 |
| LEGATO MERGER CORP IV | [LEGO](https://holderbook.com/stocks/LEGO/) | $6.0M | 600,000 | 0.1% | 2 |
| MEDLINE INC | [MDLN](https://holderbook.com/stocks/MDLN/) | $5.9M | 150,000 | 0.1% | 1 |
| SPDR SERIES TRUST | [XHB](https://holderbook.com/stocks/XHB/) | $5.8M | 0 | 0.1% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $5.7M | 2,500 | 0.1% | 3 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $5.7M | 232,000 | 0.1% | 2 |
| ROUNDHILL ETF TRUST | - | $5.6M | 25,800 | 0.1% | 1 |
| FIRSTENERGY CORP | - | $5.6M | 5,000,000 | 0.1% | 1 |

## What the disclosed book did

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

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2023 | +3.9% | +7.0% | -3.1% | 94% |
| Q4 2022 | +2.1% | +7.1% | -5.0% | 89% |
| Q3 2022 | +0.8% | -5.3% | +6.1% | 96% |
| Q2 2022 | -1.8% | -16.5% | +14.7% | 81% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.8B | 409 |
| Q1 2026 | $4.7B | 328 |
| Q4 2025 | $4.4B | 134 |
| Q3 2025 | $4.1B | 142 |
| Q2 2025 | $3.6B | 110 |
| Q1 2025 | $3.3B | 97 |
| Q4 2024 | $2.5B | 87 |
| Q3 2024 | $4.4B | 95 |
| Q2 2024 | $3.2B | 69 |
| Q1 2024 | $3.0B | 70 |
| Q4 2023 | $3.1B | 54 |
| Q3 2023 | $2.4B | 119 |