Optiver Holding B.V.

Reported holdings as of Q2 2026, from 22 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

1859606

Reported value

$370.7B

Positions

2,757

Top 10 weight

65.4%

Filed

2026-08-12

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 PUT	SPY	$64.4B	options only	17.38%	-3.61pp	22q	OPTIONS
STATE STR SPDR S&P 500 ETF T CALL	SPY	$55.5B	options only	14.96%	-0.38pp	22q	OPTIONS
INVESCO QQQ TR CALL	QQQ	$33.8B	options only	9.11%	+1.11pp	22q	OPTIONS
INVESCO QQQ TR PUT	QQQ	$28.4B	options only	7.67%	+0.46pp	22q	OPTIONS
ISHARES TR PUT	IWM	$14.8B	options only	3.98%	-0.04pp	22q	OPTIONS
MICRON TECHNOLOGY INC CALL	MU	$11.1B	options only	2.99%	+2.36pp	20q	OPTIONS
ISHARES TR CALL	IWM	$10.1B	options only	2.73%	+0.41pp	22q	OPTIONS
SPDR GOLD TR CALL	GLD	$9.5B	options only	2.57%	-1.77pp	22q	OPTIONS
MICRON TECHNOLOGY INC PUT	MU	$8.7B	options only	2.34%	+1.77pp	20q	OPTIONS
TESLA INC CALL	TSLA	$6.1B	options only	1.64%	-0.42pp	22q	OPTIONS
ON SEMICONDUCTOR CORP CALL	ON	$5.8B	options only	1.56%	-0.34pp	5q	OPTIONS
NVIDIA CORPORATION PUT	NVDA	$5.3B	options only	1.42%	-0.06pp	20q	OPTIONS
SPDR GOLD TR PUT	GLD	$4.5B	options only	1.20%	-1.64pp	22q	OPTIONS
ON SEMICONDUCTOR CORP PUT	ON	$4.1B	options only	1.11%	+0.10pp	5q	OPTIONS
NVIDIA CORPORATION CALL	NVDA	$3.9B	options only	1.05%	-0.27pp	20q	OPTIONS
TESLA INC PUT	TSLA	$3.4B	options only	0.92%	-0.23pp	22q	OPTIONS
ADVANCED MICRO DEVICES INC CALL	AMD	$3.3B	options only	0.90%	+0.57pp	20q	OPTIONS
ADVANCED MICRO DEVICES INC PUT	AMD	$3.2B	options only	0.86%	+0.44pp	20q	OPTIONS
STATE STR SPDR DOW JONES IND PUT	DIA	$2.6B	options only	0.70%	-0.38pp	20q	OPTIONS
APPLE INC CALL	AAPL	$2.5B	options only	0.69%	+0.15pp	22q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC PUT	TSM	$2.5B	options only	0.68%	+0.10pp	17q	OPTIONS
VANECK ETF TRUST PUT	SMH	$2.3B	options only	0.62%	+0.46pp	20q	OPTIONS
ALPHABET INC PUT	GOOG	$2.3B	options only	0.62%	+0.12pp	22q	OPTIONS
MICROSOFT CORP PUT	MSFT	$2.3B	options only	0.61%	+0.12pp	17q	OPTIONS
ALPHABET INC CALL	GOOG	$2.2B	options only	0.60%	+0.22pp	22q	OPTIONS
MICROSOFT CORP CALL	MSFT	$2.0B	options only	0.54%	-0.14pp	17q	OPTIONS
GOLDMAN SACHS GROUP INC CALL	GS	$2.0B	options only	0.53%	+0.06pp	15q	OPTIONS
META PLATFORMS INC CALL	META	$1.9B	options only	0.52%	-0.12pp	22q	OPTIONS
AMAZON COM INC PUT	AMZN	$1.9B	options only	0.51%	+0.05pp	22q	OPTIONS
ISHARES TR PUT	IWM	$1.7B	options only	0.47%	+0.07pp	22q	OPTIONS
BROADCOM INC PUT	AVGO	$1.7B	options only	0.47%	+0.03pp	18q	OPTIONS
META PLATFORMS INC PUT	META	$1.7B	options only	0.46%	-0.10pp	22q	OPTIONS
AMAZON COM INC CALL	AMZN	$1.6B	options only	0.43%	flat	22q	OPTIONS
APPLE INC PUT	AAPL	$1.6B	options only	0.42%	+0.12pp	22q	OPTIONS
ISHARES TR CALL	IWM	$1.4B	options only	0.39%	-0.08pp	17q	OPTIONS
ALPHABET INC PUT	GOOG	$1.4B	options only	0.38%	+0.10pp	22q	OPTIONS
STATE STR SPDR DOW JONES IND CALL	DIA	$1.4B	options only	0.36%	-0.05pp	20q	OPTIONS
GOLDMAN SACHS GROUP INC PUT	GS	$1.3B	options only	0.36%	-0.05pp	15q	OPTIONS
VANECK ETF TRUST CALL	SMH	$1.3B	options only	0.35%	+0.19pp	20q	OPTIONS
ISHARES SILVER TR CALL	SLV	$1.2B	options only	0.33%	-0.57pp	22q	OPTIONS
BROADCOM INC CALL	AVGO	$1.2B	options only	0.32%	+0.08pp	18q	OPTIONS
STATE STR SPDR S&P 500 ETF T	SPY	$1.2B	1,547,020	0.31%	+0.31pp	4q	+89065.4%+$1.2B
ALPHABET INC CALL	GOOG	$1.1B	options only	0.31%	-0.08pp	22q	OPTIONS
ISHARES SILVER TR PUT	SLV	$1.0B	options only	0.28%	-0.38pp	22q	OPTIONS
ASML HLDG NV PUT	ASML	$1.0B	options only	0.27%	+0.04pp	22q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC CALL	TSM	$930.4M	options only	0.25%	+0.08pp	17q	OPTIONS
ORACLE CORP PUT	ORCLPRD	$924.3M	options only	0.25%	+0.07pp	10q	OPTIONS
APPLIED MATLS INC CALL	AMAT	$882.7M	options only	0.24%	+0.15pp	16q	OPTIONS
JPMORGAN CHASE & CO PUT	JPM	$873.4M	options only	0.24%	+0.01pp	15q	OPTIONS
SELECT SECTOR SPDR TR PUT	XLU	$867.0M	options only	0.23%	+0.03pp	15q	OPTIONS
PALANTIR TECHNOLOGIES INC PUT	PLTR	$835.8M	options only	0.23%	-0.13pp	13q	OPTIONS
MICRON TECHNOLOGY INC	MU	$803.5M	696,131	0.22%	+0.15pp	14q	+19.2%+$129.6M
SPACE EXPLORATION TECHN CORP CALL	SPCX	$759.9M	options only	0.21%	-	new	OPTIONS
ISHARES INC CALL	TUR	$757.9M	options only	0.20%	-0.10pp	21q	OPTIONS
MARVELL TECHNOLOGY INC PUT	MRVL	$755.5M	options only	0.20%	+0.17pp	16q	OPTIONS
LAM RESEARCH CORP CALL	LRCX	$747.3M	options only	0.20%	+0.12pp	7q	OPTIONS
SPDR SERIES TRUST PUT	XBI	$703.3M	options only	0.19%	+0.02pp	12q	OPTIONS
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$702.6M	1,471,191	0.19%	+0.04pp	15q	+14.4%+$88.3M
JPMORGAN CHASE & CO CALL	JPM	$701.6M	options only	0.19%	-0.01pp	15q	OPTIONS
CITIGROUP INC PUT	CPRR	$688.3M	options only	0.19%	flat	15q	OPTIONS
INTEL CORP PUT	INTC	$644.7M	options only	0.17%	+0.15pp	5q	OPTIONS
SELECT SECTOR SPDR TR PUT	XLU	$607.2M	options only	0.16%	-0.10pp	15q	OPTIONS
APPLIED MATLS INC PUT	AMAT	$583.6M	options only	0.16%	+0.07pp	17q	OPTIONS
ASML HLDG NV CALL	ASML	$554.9M	options only	0.15%	-0.06pp	22q	OPTIONS
MARVELL TECHNOLOGY INC CALL	MRVL	$554.3M	options only	0.15%	+0.14pp	16q	OPTIONS
SELECT SECTOR SPDR TR CALL	XLU	$538.7M	options only	0.15%	-0.02pp	15q	OPTIONS
EXXON MOBIL CORP CALL	XOMXXXX	$528.7M	options only	0.14%	-0.08pp	15q	OPTIONS
ISHARES INC PUT	TUR	$516.8M	options only	0.14%	-0.12pp	21q	OPTIONS
INTEL CORP CALL	INTC	$509.5M	options only	0.14%	+0.11pp	20q	OPTIONS
CITIGROUP INC CALL	CPRR	$491.0M	options only	0.13%	-0.03pp	15q	OPTIONS
NVIDIA CORPORATION	NVDA	$487.0M	2,433,697	0.13%	+0.13pp	14q	+3403.6%+$473.1M
PALANTIR TECHNOLOGIES INC CALL	PLTR	$472.9M	options only	0.13%	-0.18pp	13q	OPTIONS
INTERNATIONAL BUSINESS MACHS CALL	IBM	$446.4M	options only	0.12%	+0.12pp	2q	OPTIONS
CROWDSTRIKE HLDGS INC PUT	CRWD	$422.1M	options only	0.11%	+0.06pp	15q	OPTIONS
MORGAN STANLEY PUT	MS	$398.3M	options only	0.11%	+0.02pp	15q	OPTIONS
WELLS FARGO & CO PUT	WFC	$394.2M	options only	0.11%	-0.01pp	15q	OPTIONS
SPACE EXPLORATION TECHN CORP PUT	SPCX	$390.5M	options only	0.11%	-	new	OPTIONS
ISHARES TR PUT	HYG	$378.0M	options only	0.10%	-0.05pp	6q	OPTIONS
ARM HOLDINGS PLC PUT	ARM	$368.0M	options only	0.10%	+0.08pp	9q	OPTIONS
ORACLE CORP CALL	ORCLPRD	$358.5M	options only	0.10%	flat	10q	OPTIONS
ISHARES BITCOIN TRUST ETF CALL	IBIT	$343.1M	options only	0.09%	+0.07pp	2q	OPTIONS
BANK OF AMER CORP CALL	BACPRB	$341.2M	options only	0.09%	-0.02pp	15q	OPTIONS
PAYPAL HLDGS INC CALL	PYPL	$331.5M	options only	0.09%	+0.01pp	17q	OPTIONS
BANK OF AMER CORP PUT	BACPRB	$328.9M	options only	0.09%	flat	15q	OPTIONS
SELECT SECTOR SPDR TR CALL	XLU	$325.0M	options only	0.09%	-0.01pp	15q	OPTIONS
LAM RESEARCH CORP PUT	LRCX	$316.3M	options only	0.09%	+0.02pp	7q	OPTIONS
SALESFORCE INC CALL	CRM	$304.2M	options only	0.08%	+0.03pp	15q	OPTIONS
NETFLIX INC PUT	NFLX	$297.1M	options only	0.08%	-0.03pp	4q	OPTIONS
DELL TECHNOLOGIES INC PUT	DELL	$292.4M	options only	0.08%	+0.07pp	2q	OPTIONS
BLACKSTONE INC PUT	BX	$291.4M	options only	0.08%	+0.01pp	3q	OPTIONS
COREWEAVE INC CALL	CRWV	$287.1M	options only	0.08%	+0.06pp	2q	OPTIONS
VISA INC CALL	V	$286.1M	options only	0.08%	-0.02pp	15q	OPTIONS
CROWDSTRIKE HLDGS INC CALL	CRWD	$283.4M	options only	0.08%	+0.03pp	15q	OPTIONS
STATE STR SPDR DOW JONES IND	DIA	$271.9M	520,429	0.07%	+0.05pp	2q	+266.2%+$197.6M
VISA INC PUT	V	$271.6M	options only	0.07%	-0.01pp	15q	OPTIONS
QUALCOMM INC PUT	QCOM	$268.3M	options only	0.07%	+0.07pp	5q	OPTIONS
QUALCOMM INC CALL	QCOM	$265.1M	options only	0.07%	+0.06pp	18q	OPTIONS
PALO ALTO NETWORKS INC PUT	PANW	$255.1M	options only	0.07%	+0.03pp	5q	OPTIONS
COSTCO WHOLESALE CORPORATION CALL	COST	$250.9M	options only	0.07%	-0.01pp	16q	OPTIONS
NETFLIX INC CALL	NFLX	$242.4M	options only	0.07%	flat	17q	OPTIONS
COINBASE GLOBAL INC CALL	COIN	$233.7M	options only	0.06%	+0.03pp	2q	OPTIONS
WELLS FARGO & CO CALL	WFC	$233.5M	options only	0.06%	-0.05pp	15q	OPTIONS
SNOWFLAKE INC PUT	SNOW	$232.6M	options only	0.06%	+0.05pp	15q	OPTIONS
NOVO-NORDISK A S PUT	NVO	$229.6M	options only	0.06%	+0.02pp	17q	OPTIONS
MASTERCARD INCORPORATED PUT	MA	$228.7M	options only	0.06%	-0.02pp	15q	OPTIONS
DELL TECHNOLOGIES INC CALL	DELL	$227.6M	options only	0.06%	+0.04pp	2q	OPTIONS
SERVICENOW INC PUT	NOW	$227.3M	options only	0.06%	+0.04pp	4q	OPTIONS
PALO ALTO NETWORKS INC CALL	PANW	$217.7M	options only	0.06%	+0.04pp	5q	OPTIONS
COSTCO WHOLESALE CORPORATION PUT	COST	$216.5M	options only	0.06%	-0.03pp	16q	OPTIONS
CHEVRON CORPORATION CALL	CVX	$215.4M	options only	0.06%	-0.06pp	15q	OPTIONS
INTERNATIONAL BUSINESS MACHS PUT	IBM	$212.7M	options only	0.06%	+0.05pp	2q	OPTIONS
ORACLE CORP	ORCL	$210.1M	1,433,786	0.06%	-0.01pp	9q	+2.0%+$4.0M
ISHARES TR CALL	HYG	$207.0M	options only	0.06%	+0.03pp	6q	OPTIONS
ISHARES BITCOIN TRUST ETF PUT	IBIT	$205.6M	options only	0.06%	+0.04pp	2q	OPTIONS
ARM HOLDINGS PLC CALL	ARM	$205.2M	options only	0.06%	+0.05pp	10q	OPTIONS
NOVO-NORDISK A S CALL	NVO	$203.5M	options only	0.05%	+0.04pp	17q	OPTIONS
APPLE INC	AAPL	$201.9M	697,822	0.05%	+0.05pp	14q	+62317.0%+$201.6M
SALESFORCE INC PUT	CRM	$200.4M	options only	0.05%	-0.01pp	4q	OPTIONS
MASTERCARD INCORPORATED CALL	MA	$192.6M	options only	0.05%	-0.02pp	15q	OPTIONS
CLOUDFLARE INC PUT	NET	$191.7M	options only	0.05%	+0.04pp	5q	OPTIONS
MORGAN STANLEY CALL	MS	$183.1M	options only	0.05%	-0.03pp	15q	OPTIONS
SNOWFLAKE INC CALL	SNOW	$180.9M	options only	0.05%	+0.03pp	15q	OPTIONS
MICROSOFT CORP	MSFT	$175.3M	469,873	0.05%	+0.04pp	17q	+640.3%+$151.6M
STRATEGY INC CALL	STRF	$173.0M	options only	0.05%	+0.01pp	3q	OPTIONS
PETROLEO BRASILEIRO S A PUT	PBR	$169.6M	options only	0.05%	-0.03pp	21q	OPTIONS
AMERICAN EXPRESS CO PUT	AXP	$164.2M	options only	0.04%	+0.01pp	10q	OPTIONS
EXXON MOBIL CORP PUT	XOMXXXX	$164.0M	options only	0.04%	-0.07pp	15q	OPTIONS
ISHARES TR PUT	IWM	$163.7M	options only	0.04%	+0.04pp	5q	OPTIONS
COREWEAVE INC PUT	CRWV	$161.2M	options only	0.04%	+0.03pp	2q	OPTIONS
SPDR SERIES TRUST CALL	XBI	$158.0M	options only	0.04%	-0.07pp	12q	OPTIONS
COINBASE GLOBAL INC PUT	COIN	$152.3M	options only	0.04%	+0.02pp	2q	OPTIONS
CISCO SYS INC CALL	CSCO	$148.6M	options only	0.04%	+0.03pp	2q	OPTIONS
STRATEGY INC PUT	STRF	$144.9M	options only	0.04%	+0.01pp	3q	OPTIONS
ROBINHOOD MKTS INC CALL	HOOD	$143.7M	options only	0.04%	+0.02pp	2q	OPTIONS
ALPHABET INC	GOOGL	$142.2M	397,783	0.04%	-	new	NEW
PETROLEO BRASILEIRO S A CALL	PBR	$138.8M	options only	0.04%	-0.09pp	21q	OPTIONS
AMERICAN EXPRESS CO CALL	AXP	$136.5M	options only	0.04%	-0.01pp	10q	OPTIONS
PAYPAL HLDGS INC PUT	PYPL	$136.4M	options only	0.04%	+0.01pp	5q	OPTIONS
TEXAS INSTRS INC PUT	TXN	$130.9M	options only	0.04%	+0.01pp	5q	OPTIONS
ISHARES TR PUT	IWM	$129.9M	options only	0.04%	-0.06pp	4q	OPTIONS
SOFI TECHNOLOGIES INC CALL	SOFI	$128.2M	options only	0.03%	flat	2q	OPTIONS
ANALOG DEVICES INC PUT	ADI	$127.4M	options only	0.03%	+0.02pp	5q	OPTIONS
ALPHABET INC	GOOG	$126.7M	358,566	0.03%	+0.03pp	8q	+591.6%+$108.4M
PETROLEO BRASILEIRO S A CALL	PBR	$125.8M	options only	0.03%	-0.01pp	15q	OPTIONS
CHEVRON CORPORATION PUT	CVX	$125.0M	options only	0.03%	-0.08pp	15q	OPTIONS
ADOBE INC CALL	ADBE	$120.7M	options only	0.03%	flat	5q	OPTIONS
NOVARTIS AG PUT	NVS	$120.4M	options only	0.03%	flat	22q	OPTIONS
TEXAS INSTRS INC CALL	TXN	$119.0M	options only	0.03%	-0.01pp	5q	OPTIONS
ISHARES TR CALL	IWM	$118.6M	options only	0.03%	-0.05pp	4q	OPTIONS
BLACKSTONE INC CALL	BX	$115.9M	options only	0.03%	-0.02pp	3q	OPTIONS
DATADOG INC CALL	DDOG	$115.2M	options only	0.03%	+0.02pp	12q	OPTIONS
ROBINHOOD MKTS INC PUT	HOOD	$115.0M	options only	0.03%	+0.02pp	2q	OPTIONS
ANALOG DEVICES INC CALL	ADI	$113.7M	options only	0.03%	+0.02pp	5q	OPTIONS
BLACKROCK INC PUT	BLK	$111.2M	options only	0.03%	flat	5q	OPTIONS
TARGET CORP PUT	TGT	$111.1M	options only	0.03%	+0.01pp	16q	OPTIONS
COINBASE GLOBAL INC	COIN	$110.9M	758,720	0.03%	+0.02pp	3q	+641.8%+$96.0M
BLACKROCK INC CALL	BLK	$110.5M	options only	0.03%	-0.01pp	5q	OPTIONS
SHELL PLC CALL	SHEL	$108.0M	options only	0.03%	-0.06pp	18q	OPTIONS
CIRCLE INTERNET GROUP INC CALL	CRCL	$106.6M	options only	0.03%	+0.01pp	2q	OPTIONS
SCHWAB CHARLES CORP CALL	SCHWPRD	$106.0M	options only	0.03%	flat	10q	OPTIONS
TERAWULF INC CALL	WULF	$105.7M	options only	0.03%	+0.02pp	3q	OPTIONS
PALANTIR TECHNOLOGIES INC	PLTR	$105.4M	903,102	0.03%	flat	3q	+87.1%+$49.0M
SPDR INDEX SHS FDS CALL	QEFA	$104.9M	options only	0.03%	flat	7q	OPTIONS
CARVANA CO CALL	CVNA	$103.9M	options only	0.03%	+0.01pp	3q	OPTIONS
SERVICENOW INC CALL	NOW	$102.7M	options only	0.03%	flat	10q	OPTIONS
DATADOG INC PUT	DDOG	$102.1M	options only	0.03%	+0.02pp	12q	OPTIONS
VALE S A CALL	VALE	$100.7M	options only	0.03%	-0.03pp	22q	OPTIONS
CLOUDFLARE INC CALL	NET	$100.6M	options only	0.03%	-0.01pp	5q	OPTIONS
INTUIT CALL	INTU	$100.4M	options only	0.03%	+0.02pp	10q	OPTIONS
CONOCOPHILLIPS CALL	COP	$99.5M	options only	0.03%	-0.04pp	15q	OPTIONS
AMAZON COM INC	AMZN	$99.1M	415,597	0.03%	+0.03pp	6q	+1861.8%+$94.0M
BLOCK INC CALL	XYZ	$98.8M	options only	0.03%	flat	5q	OPTIONS
SHELL PLC PUT	SHEL	$98.0M	options only	0.03%	-0.04pp	18q	OPTIONS
WALMART INC CALL	WMT	$96.7M	options only	0.03%	-0.01pp	16q	OPTIONS
SPDR SERIES TRUST CALL	TFI	$96.4M	options only	0.03%	-0.02pp	15q	OPTIONS
MONGODB INC PUT	MDB	$94.1M	options only	0.03%	+0.02pp	13q	OPTIONS
NOKIA CORP CALL	NOK	$93.2M	options only	0.03%	+0.02pp	22q	OPTIONS
WALMART INC PUT	WMT	$93.0M	options only	0.03%	-0.01pp	16q	OPTIONS
SHOPIFY INC PUT	SHOP	$92.8M	options only	0.03%	+0.01pp	15q	OPTIONS
ADOBE INC PUT	ADBE	$91.2M	options only	0.02%	flat	4q	OPTIONS
HUT 8 CORP CALL	HUT	$91.1M	options only	0.02%	+0.02pp	2q	OPTIONS
SOFI TECHNOLOGIES INC PUT	SOFI	$88.9M	options only	0.02%	flat	2q	OPTIONS
CISCO SYS INC PUT	CSCO	$84.9M	options only	0.02%	+0.02pp	2q	OPTIONS
STMICROELECTRONICS N V CALL	STM	$84.2M	options only	0.02%	flat	22q	OPTIONS
SPDR SERIES TRUST PUT	TFI	$83.7M	options only	0.02%	-0.02pp	15q	OPTIONS
MONGODB INC CALL	MDB	$83.1M	options only	0.02%	+0.01pp	13q	OPTIONS
BP PLC PUT	BP	$83.0M	options only	0.02%	-0.01pp	22q	OPTIONS
SCHWAB CHARLES CORP PUT	SCHWPRD	$82.2M	options only	0.02%	flat	10q	OPTIONS
DATADOG INC	DDOG	$82.2M	315,559	0.02%	-	new	NEW
SUPER MICRO COMPUTER INC CALL	SMCIP	$80.7M	options only	0.02%	+0.02pp	5q	OPTIONS
VALE S A PUT	VALE	$79.6M	options only	0.02%	-0.02pp	22q	OPTIONS
TARGET CORP CALL	TGT	$79.1M	options only	0.02%	-0.01pp	16q	OPTIONS
BLOCK INC PUT	XYZ	$79.0M	options only	0.02%	flat	5q	OPTIONS
SPDR INDEX SHS FDS PUT	QEFA	$78.9M	options only	0.02%	-0.01pp	12q	OPTIONS
STMICROELECTRONICS N V PUT	STM	$78.2M	options only	0.02%	+0.01pp	22q	OPTIONS
OCCIDENTAL PETE CORP CALL	OXY	$77.4M	options only	0.02%	-0.06pp	15q	OPTIONS
CARVANA CO PUT	CVNA	$76.5M	options only	0.02%	flat	3q	OPTIONS
KLA CORP CALL	KLAC	$76.4M	options only	0.02%	+0.02pp	8q	OPTIONS
ZSCALER INC PUT	ZS	$76.3M	options only	0.02%	+0.02pp	12q	OPTIONS
NETFLIX INC	NFLX	$74.9M	1,049,340	0.02%	-	new	NEW
CLOUDFLARE INC	NET	$74.9M	305,258	0.02%	-	new	NEW
ASTRAZENECA PLC PUT	AZN	$74.2M	options only	0.02%	-0.02pp	2q	OPTIONS
SPOTIFY TECHNOLOGY S A CALL	SPOT	$73.3M	options only	0.02%	flat	4q	OPTIONS
KLA CORP PUT	KLAC	$72.4M	options only	0.02%	+0.02pp	4q	OPTIONS
ISHARES TR CALL	IWM	$72.3M	options only	0.02%	+0.02pp	5q	OPTIONS
HSBC HLDGS PLC PUT	HSBC	$72.3M	options only	0.02%	flat	22q	OPTIONS
PAYPAL HLDGS INC	PYPL	$71.5M	1,656,128	0.02%	+0.02pp	17q	+1822.1%+$67.8M
BROADCOM INC	AVGO	$71.2M	188,558	0.02%	-0.01pp	7q	-40.1%-$47.7M
ZOOM COMMUNICATIONS INC PUT	ZM	$70.6M	options only	0.02%	+0.02pp	5q	OPTIONS
ANHEUSER BUSCH INBEV SA/NV CALL	BUD	$70.0M	options only	0.02%	-0.01pp	22q	OPTIONS
SUPER MICRO COMPUTER INC PUT	SMCIP	$69.9M	options only	0.02%	+0.02pp	5q	OPTIONS
WORKDAY INC CALL	WDAY	$69.7M	options only	0.02%	flat	10q	OPTIONS
TOTALENERGIES SE PUT	TTE	$69.7M	options only	0.02%	-0.02pp	3q	OPTIONS
ADOBE INC	ADBE	$68.0M	331,750	0.02%	+0.01pp	4q	+560.6%+$57.7M
CAPITAL ONE FINL CORP CALL	COF	$67.1M	options only	0.02%	flat	5q	OPTIONS
CAPITAL ONE FINL CORP PUT	COF	$64.9M	options only	0.02%	-0.01pp	5q	OPTIONS
DEVON ENERGY CORP NEW CALL	DVN	$64.3M	options only	0.02%	-0.03pp	15q	OPTIONS
ANHEUSER BUSCH INBEV SA/NV PUT	BUD	$64.1M	options only	0.02%	flat	22q	OPTIONS
MICROCHIP TECHNOLOGY INC. PUT	MCHP	$63.9M	options only	0.02%	+0.01pp	7q	OPTIONS
LLOYDS BANKING GROUP PLC	LYG	$63.0M	10,812,139	0.02%	+0.01pp	2q	+334.8%+$48.5M
SPOTIFY TECHNOLOGY S A PUT	SPOT	$62.9M	options only	0.02%	flat	4q	OPTIONS
BP PLC CALL	BP	$62.5M	options only	0.02%	-0.02pp	22q	OPTIONS
CIRCLE INTERNET GROUP INC PUT	CRCL	$61.3M	options only	0.02%	flat	2q	OPTIONS
EOG RES INC CALL	EOG	$61.1M	options only	0.02%	-0.02pp	14q	OPTIONS
QUALCOMM INC	QCOM	$60.1M	325,032	0.02%	+0.02pp	3q	+1154.2%+$55.3M
OKTA INC CALL	OKTA	$57.8M	options only	0.02%	+0.01pp	6q	OPTIONS
NU HLDGS LTD CALL	NU	$57.1M	options only	0.02%	+0.01pp	5q	OPTIONS
PROGRESSIVE CORP CALL	PGR	$56.7M	options only	0.02%	+0.01pp	2q	OPTIONS
ISHARES ETHEREUM TR CALL	ETHA	$56.0M	options only	0.02%	+0.01pp	2q	OPTIONS
FORD MTR CO CALL	F	$55.2M	options only	0.01%	+0.01pp	14q	OPTIONS
RIO TINTO PLC CALL	RIO	$53.4M	options only	0.01%	-0.02pp	22q	OPTIONS
SELECT SECTOR SPDR TR PUT	XLU	$52.9M	options only	0.01%	flat	6q	OPTIONS
FORD MTR CO PUT	F	$52.8M	options only	0.01%	+0.01pp	14q	OPTIONS
RIO TINTO PLC PUT	RIO	$51.4M	options only	0.01%	-0.03pp	22q	OPTIONS
CONOCOPHILLIPS PUT	COP	$49.8M	options only	0.01%	-0.05pp	15q	OPTIONS
WAYFAIR INC PUT	W	$48.7M	options only	0.01%	+0.01pp	5q	OPTIONS
ISHARES TR CALL	IWM	$48.4M	options only	0.01%	flat	6q	OPTIONS
BRITISH AMERN TOB PLC PUT	BTI	$48.0M	options only	0.01%	flat	22q	OPTIONS
SUPER MICRO COMPUTER INC	SMCI	$47.9M	1,633,923	0.01%	+0.01pp	5q	+737.5%+$42.2M
AFFIRM HLDGS INC CALL	AFRM	$47.9M	options only	0.01%	flat	5q	OPTIONS
NOVARTIS AG CALL	NVS	$47.8M	options only	0.01%	flat	22q	OPTIONS
SHOPIFY INC CALL	SHOP	$47.3M	options only	0.01%	-0.01pp	5q	OPTIONS
FORTINET INC CALL	FTNT	$46.7M	options only	0.01%	+0.01pp	5q	OPTIONS
ISHARES TR PUT	IWM	$46.7M	options only	0.01%	-0.01pp	6q	OPTIONS
UNILEVER PLC PUT	UL	$46.6M	options only	0.01%	flat	3q	OPTIONS
ONEOK INC NEW CALL	OKE	$46.2M	options only	0.01%	-0.01pp	2q	OPTIONS
SHELL PLC	SHEL	$46.0M	592,960	0.01%	+0.01pp	5q	+255.1%+$33.0M
ZOOM COMMUNICATIONS INC CALL	ZM	$45.5M	options only	0.01%	flat	10q	OPTIONS
UBS GROUP AG PUT	UBS	$45.4M	options only	0.01%	flat	21q	OPTIONS
SERVICENOW INC	NOW	$45.3M	455,860	0.01%	+0.01pp	3q	+274.9%+$33.2M
FERRARI N V PUT	RACE	$44.7M	options only	0.01%	-0.01pp	21q	OPTIONS
BHP BILLITON LIMITED CALL	BHP	$43.5M	options only	0.01%	flat	22q	OPTIONS
ENPHASE ENERGY INC CALL	ENPH	$43.1M	options only	0.01%	+0.01pp	5q	OPTIONS
SAP SE CALL	SAP	$42.5M	options only	0.01%	-0.01pp	22q	OPTIONS
CORE SCIENTIFIC INC NEW CALL	CORZZ	$42.1M	options only	0.01%	+0.01pp	3q	OPTIONS
COCA COLA CO PUT	KO	$41.9M	options only	0.01%	-0.02pp	4q	OPTIONS
UNILEVER PLC CALL	UL	$40.7M	options only	0.01%	flat	3q	OPTIONS
VALERO ENERGY CORP CALL	VLO	$38.8M	options only	0.01%	flat	15q	OPTIONS
TERAWULF INC PUT	WULF	$38.8M	options only	0.01%	+0.01pp	3q	OPTIONS
BERKSHIRE HATHAWAY INC DEL	BRKB	$38.3M	76,507	0.01%	flat	10q	+3.6%+$1.3M
SOLAREDGE TECHNOLOGIES INC PUT	SEDG	$38.0M	options only	0.01%	flat	5q	OPTIONS
SLB LIMITED PUT	SLB	$37.9M	options only	0.01%	-0.01pp	2q	OPTIONS
HEWLETT PACKARD ENTERPRISE C CALL	HPE	$37.7M	options only	0.01%	+0.01pp	2q	OPTIONS
ZSCALER INC CALL	ZS	$37.4M	options only	0.01%	+0.01pp	12q	OPTIONS
SANOFI SA PUT	SNY	$37.3M	options only	0.01%	flat	7q	OPTIONS
FORTINET INC PUT	FTNT	$37.3M	options only	0.01%	flat	4q	OPTIONS
COSTCO WHOLESALE CORPORATION	COST	$36.8M	39,344	0.01%	-	new	NEW
UPSTART HLDGS INC CALL	UPST	$36.8M	options only	0.01%	flat	5q	OPTIONS
INTUIT PUT	INTU	$36.6M	options only	0.01%	flat	10q	OPTIONS
NU HLDGS LTD PUT	NU	$36.3M	options only	0.01%	+0.01pp	5q	OPTIONS
US BANCORP PUT	USBPRP	$36.3M	options only	0.01%	flat	12q	OPTIONS
ARISTA NETWORKS INC CALL	ANET	$36.2M	options only	0.01%	+0.01pp	7q	OPTIONS
AFFIRM HLDGS INC PUT	AFRM	$36.1M	options only	0.01%	flat	5q	OPTIONS
ARISTA NETWORKS INC PUT	ANET	$35.9M	options only	0.01%	flat	5q	OPTIONS
SOLAREDGE TECHNOLOGIES INC CALL	SEDG	$35.4M	options only	0.01%	flat	5q	OPTIONS
TOTALENERGIES SE CALL	TTE	$34.9M	options only	0.01%	-0.01pp	3q	OPTIONS
FERRARI N V CALL	RACE	$34.7M	options only	0.01%	-0.01pp	21q	OPTIONS
CME GROUP INC	CME	$34.6M	156,907	0.01%	+0.01pp	3q	+131.6%+$19.7M
OCCIDENTAL PETE CORP PUT	OXY	$34.6M	options only	0.01%	-0.04pp	15q	OPTIONS
DEUTSCHE BK AG PUT	DB	$34.3M	options only	0.01%	flat	21q	OPTIONS
ARCELORMITTAL SA LUXEMBOURG PUT	MT	$34.1M	options only	0.01%	flat	22q	OPTIONS
UNITY SOFTWARE INC PUT	U	$31.3M	options only	0.01%	flat	10q	OPTIONS
ARCELORMITTAL SA LUXEMBOURG CALL	MT	$31.3M	options only	0.01%	flat	22q	OPTIONS
BARCLAYS PLC	BCS	$30.3M	1,127,612	0.01%	-	new	NEW
ISHARES ETHEREUM TR PUT	ETHA	$30.2M	options only	0.01%	+0.01pp	2q	OPTIONS
HUBSPOT INC PUT	HUBS	$30.1M	options only	0.01%	+0.01pp	2q	OPTIONS
SLB LIMITED CALL	SLB	$29.8M	options only	0.01%	-0.02pp	2q	OPTIONS
HALLIBURTON CO CALL	HAL	$29.7M	options only	0.01%	flat	2q	OPTIONS
CME GROUP INC PUT	CME	$29.4M	options only	0.01%	+0.01pp	2q	OPTIONS
US BANCORP CALL	USBPRP	$29.2M	options only	0.01%	flat	12q	OPTIONS
SAP SE PUT	SAP	$29.0M	options only	0.01%	-0.02pp	22q	OPTIONS
ISHARES TR	FXI	$28.9M	915,933	0.01%	+0.01pp	3q	+997.6%+$26.3M
OKTA INC PUT	OKTA	$28.8M	options only	0.01%	flat	5q	OPTIONS
RELX PLC	RELX	$28.6M	903,778	0.01%	+0.01pp	2q	+384.7%+$22.7M
ISHARES INC	EWZ	$28.5M	825,156	0.01%	-	new	NEW
MICROCHIP TECHNOLOGY INC. CALL	MCHP	$28.2M	options only	0.01%	flat	6q	OPTIONS
UNITY SOFTWARE INC CALL	U	$27.7M	options only	0.01%	flat	7q	OPTIONS
FISERV INC CALL	FISV	$27.5M	options only	0.01%	flat	2q	OPTIONS
PROGRESSIVE CORP PUT	PGR	$27.5M	options only	0.01%	flat	2q	OPTIONS
COCA COLA CO CALL	KO	$27.3M	options only	0.01%	flat	4q	OPTIONS
TRUIST FINL CORP CALL	TFCPRO	$27.0M	options only	0.01%	-0.02pp	5q	OPTIONS
SELECT SECTOR SPDR TR	XLF	$26.6M	496,989	0.01%	-0.02pp	3q	-72.8%-$71.2M
NOKIA CORP PUT	NOK	$26.1M	options only	0.01%	flat	22q	OPTIONS
ASTRAZENECA PLC CALL	AZN	$25.5M	options only	0.01%	flat	2q	OPTIONS
NOKIA CORP	NOK	$25.4M	1,916,386	0.01%	-	new	NEW
BLACKSTONE INC	BX	$25.0M	212,282	0.01%	-	new	NEW
HSBC HLDGS PLC CALL	HSBC	$24.9M	options only	0.01%	-0.01pp	22q	OPTIONS
DEVON ENERGY CORP NEW PUT	DVN	$24.6M	options only	0.01%	-0.01pp	15q	OPTIONS
BITMINE IMMERSION TECHS INC CALL	BMNR	$24.4M	options only	0.01%	flat	2q	OPTIONS
BHP BILLITON LIMITED PUT	BHP	$24.2M	options only	0.01%	flat	22q	OPTIONS
PNC FINL SVCS GROUP INC CALL	PNC	$23.9M	options only	0.01%	flat	5q	OPTIONS
ISHARES INC PUT	TUR	$23.2M	options only	0.01%	flat	21q	OPTIONS
RIOT PLATFORMS INC CALL	RIOT	$23.2M	options only	0.01%	flat	2q	OPTIONS
ISHARES TR	IVV	$23.2M	30,944	0.01%	flat	2q	+169.2%+$14.6M
WILLIAMS COS INC CALL	WMB	$23.1M	options only	0.01%	-0.01pp	2q	OPTIONS
ZSCALER INC	ZS	$22.9M	162,281	0.01%	+0.01pp	5q	+2416.8%+$22.0M
DIAMONDBACK ENERGY INC CALL	FANG	$22.9M	options only	0.01%	-0.02pp	2q	OPTIONS
EOG RES INC PUT	EOG	$22.7M	options only	0.01%	-0.01pp	14q	OPTIONS
ALIBABA GROUP HLDG LTD	BABA	$22.4M	233,174	0.01%	-	new	NEW
BRITISH AMERN TOB PLC CALL	BTI	$22.4M	options only	0.01%	flat	22q	OPTIONS
ISHARES INC	EWY	$22.2M	109,926	0.01%	flat	5q	+14.6%+$2.8M
WORKDAY INC PUT	WDAY	$22.0M	options only	0.01%	flat	7q	OPTIONS
XP INC CALL	XP	$21.9M	options only	0.01%	-0.01pp	5q	OPTIONS
MARA HOLDINGS INC CALL	MARA	$21.9M	options only	0.01%	flat	2q	OPTIONS
INVESCO EXCH TRADED FD TR II	QQQM	$21.8M	72,011	0.01%	-	new	NEW
INTERCONTINENTAL EXCHANGE IN PUT	ICE	$21.5M	options only	0.01%	flat	2q	OPTIONS
SHOPIFY INC	SHOP	$21.3M	186,794	0.01%	flat	6q	+271.2%+$15.6M
CME GROUP INC CALL	CME	$21.2M	options only	0.01%	flat	2q	OPTIONS
PETROLEO BRASILEIRO S A PUT	PBR	$21.1M	options only	0.01%	flat	15q	OPTIONS
AMERICAN EXPRESS CO	AXP	$20.7M	61,255	0.01%	flat	4q	-34.8%-$11.0M
WILLIAMS COS INC PUT	WMB	$20.7M	options only	0.01%	flat	2q	OPTIONS
GSK PLC PUT	GSK	$20.7M	options only	0.01%	flat	16q	OPTIONS
PHILLIPS 66 CALL	PSX	$20.5M	options only	0.01%	-0.01pp	2q	OPTIONS
BANCO BILBAO VIZCAYA ARGENTA	BBVA	$20.5M	818,360	0.01%	-	new	NEW
CHEVRON CORPORATION	CVX	$20.4M	123,350	0.01%	+0.01pp	3q	+8864.4%+$20.2M
ISHARES TR	USHY	$20.4M	550,418	0.01%	-	new	NEW
BARCLAYS PLC PUT	BCS	$20.1M	options only	0.01%	flat	22q	OPTIONS
ONEOK INC NEW PUT	OKE	$20.0M	options only	0.01%	-0.01pp	2q	OPTIONS
ANALOG DEVICES INC	ADI	$19.9M	50,173	0.01%	+0.01pp	3q	+2358.3%+$19.1M
HP INC CALL	HPQ	$19.8M	options only	0.01%	flat	2q	OPTIONS
PNC FINL SVCS GROUP INC PUT	PNC	$19.6M	options only	0.01%	-0.01pp	5q	OPTIONS
NXP SEMICONDUCTORS N V CALL	NXPI	$19.6M	options only	0.01%	flat	5q	OPTIONS
WALMART INC	WMT	$19.5M	172,127	0.01%	+0.01pp	4q	+21229.2%+$19.4M
MARATHON PETE CORP CALL	MPC	$19.5M	options only	0.01%	flat	2q	OPTIONS
BLACKROCK INC	BLK	$19.3M	20,026	0.01%	-	new	NEW
CIRCLE INTERNET GROUP INC	CRCL	$19.3M	307,417	0.01%	-	new	NEW
FISERV INC	FISV	$19.2M	392,317	0.01%	flat	2q	+121.6%+$10.6M
CORE SCIENTIFIC INC NEW PUT	CORZZ	$19.1M	options only	0.01%	flat	3q	OPTIONS
MARA HOLDINGS INC PUT	MARA	$18.9M	options only	0.01%	flat	2q	OPTIONS
SANOFI SA CALL	SNY	$18.8M	options only	0.01%	flat	7q	OPTIONS
ATLASSIAN CORPORATION CALL	TEAM	$18.7M	options only	0.01%	-0.01pp	5q	OPTIONS
PHILLIPS 66 PUT	PSX	$18.2M	options only	0.00%	-0.01pp	2q	OPTIONS
UPSTART HLDGS INC PUT	UPST	$18.2M	options only	0.00%	flat	5q	OPTIONS
CONOCOPHILLIPS	COP	$17.8M	170,984	0.00%	flat	4q	+32100.4%+$17.7M
FISERV INC PUT	FISV	$17.7M	options only	0.00%	flat	2q	OPTIONS
ENPHASE ENERGY INC PUT	ENPH	$17.6M	options only	0.00%	flat	5q	OPTIONS
TOAST INC PUT	TOST	$17.3M	options only	0.00%	flat	2q	OPTIONS
ASTRAZENECA PLC	AZN	$17.1M	90,150	0.00%	flat	2q	-5.5%-$1.0M
ISHARES TR	LQD	$17.0M	155,740	0.00%	-	new	NEW
BANCO BRADESCO S A	BBD	$16.9M	4,884,142	0.00%	flat	2q	-20.2%-$4.3M
DIREXION SHARES ETF TRUST	SOXL	$16.9M	63,261	0.00%	flat	6q	-77.6%-$58.3M
HF SINCLAIR CORP CALL	DINO	$16.7M	options only	0.00%	flat	2q	OPTIONS
LOGITECH INTL S A PUT	LOGI	$16.3M	options only	0.00%	flat	21q	OPTIONS
XP INC	XP	$16.0M	985,206	0.00%	-0.01pp	7q	-37.4%-$9.6M
UBS GROUP AG CALL	UBS	$16.0M	options only	0.00%	-0.01pp	21q	OPTIONS
LOGITECH INTL S A CALL	LOGI	$15.9M	options only	0.00%	flat	21q	OPTIONS
ISHARES TR	IEF	$15.5M	163,874	0.00%	-	new	NEW
GENERAL MTRS CO CALL	GM	$15.5M	options only	0.00%	-0.01pp	14q	OPTIONS
ALCON AG PUT	ALC	$15.3M	options only	0.00%	flat	21q	OPTIONS
TEXAS INSTRS INC	TXN	$15.2M	50,907	0.00%	flat	4q	+1885.5%+$14.4M
INTEL CORP	INTC	$15.0M	107,157	0.00%	flat	3q	+176.6%+$9.6M
TARGET CORP	TGT	$14.8M	113,248	0.00%	-	new	NEW
DEUTSCHE BK AG CALL	DB	$14.8M	options only	0.00%	flat	21q	OPTIONS
ROBLOX CORP CALL	RBLX	$14.6M	options only	0.00%	flat	5q	OPTIONS
JD.COM INC	JD	$14.4M	567,079	0.00%	flat	3q	-14.6%-$2.5M
HALLIBURTON CO PUT	HAL	$14.4M	options only	0.00%	flat	2q	OPTIONS
TOAST INC CALL	TOST	$14.4M	options only	0.00%	flat	2q	OPTIONS
HEWLETT PACKARD ENTERPRISE C PUT	HPE	$14.3M	options only	0.00%	flat	2q	OPTIONS
ISHARES INC	EWG	$14.1M	341,517	0.00%	-	new	NEW
TRUIST FINL CORP PUT	TFCPRO	$14.0M	options only	0.00%	flat	5q	OPTIONS
SELECT SECTOR SPDR TR CALL	XLU	$14.0M	options only	0.00%	flat	6q	OPTIONS
VALERO ENERGY CORP PUT	VLO	$13.8M	options only	0.00%	flat	15q	OPTIONS
DIREXION SHARES ETF TRUST	MUU	$13.8M	13,151	0.00%	flat	2q	+3.3%+$437.3K
ANHEUSER BUSCH INBEV SA/NV	BUD	$13.7M	165,960	0.00%	flat	8q	+67.7%+$5.5M
THE TRADE DESK INC CALL	TTD	$13.6M	options only	0.00%	flat	5q	OPTIONS
ETSY INC CALL	ETSY	$13.6M	options only	0.00%	-0.01pp	6q	OPTIONS
INTERCONTINENTAL EXCHANGE IN	ICE	$13.6M	110,607	0.00%	-	new	NEW
JPMORGAN CHASE & CO	JPM	$13.6M	41,436	0.00%	flat	15q	-5.7%-$819.0K
DIAMONDBACK ENERGY INC PUT	FANG	$13.5M	options only	0.00%	flat	2q	OPTIONS
INTERCONTINENTAL EXCHANGE IN CALL	ICE	$13.5M	options only	0.00%	flat	2q	OPTIONS
KINDER MORGAN INC DEL CALL	KMI	$13.2M	options only	0.00%	flat	3q	OPTIONS
ISHARES TR	IWO	$13.2M	33,503	0.00%	flat	3q	+103.0%+$6.7M
ISHARES TR	IWM	$12.8M	42,748	0.00%	flat	6q	+1324.5%+$11.9M
HUBSPOT INC	HUBS	$12.4M	68,059	0.00%	-	new	NEW
ETSY INC PUT	ETSY	$12.4M	options only	0.00%	flat	5q	OPTIONS
ISHARES INC CALL	TUR	$12.2M	options only	0.00%	-0.01pp	21q	OPTIONS
NATIONAL GRID PLC PUT	NGG	$12.2M	options only	0.00%	flat	22q	OPTIONS
KLA CORP	KLAC	$12.2M	40,432	0.00%	-	new	NEW
PINTEREST INC PUT	PINS	$12.1M	options only	0.00%	flat	7q	OPTIONS
CISCO SYS INC	CSCO	$12.0M	102,110	0.00%	flat	3q	+107.9%+$6.2M

Showing the largest 400 of 2,757 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
Funds & ETFs	$187.4B	50.6%
Semiconductors & Electronics	$60.0B	16.2%
Capital Markets	$21.9B	5.9%
Software & IT Services	$21.9B	5.9%
Autos & Aerospace	$9.8B	2.6%
Computer Hardware	$6.5B	1.8%
Other sectors	$19.3B	5.2%
Not classified	$43.8B	11.8%

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	+40.9%	+14.8%	+26.1%	98%
Q1 2026	-3.2%	-4.6%	+1.4%	99%
Q4 2025	+6.2%	+2.4%	+3.9%	99%
Q3 2025	+15.1%	+7.8%	+7.3%	100%
Q2 2025	+22.4%	+10.5%	+11.9%	100%
Q1 2025	-5.5%	-4.6%	-1.0%	100%
Q4 2024	-0.2%	+2.1%	-2.4%	100%
Q3 2024	+2.6%	+5.4%	-2.9%	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	$370.7B	2,757	902	666	702	445	65.4%	43
Q1 2026	$289.5B	2,300	420	708	688	571	69.0%	45
Q4 2025	$268.8B	2,451	466	306	866	693	70.1%	48
Q3 2025	$250.6B	2,678	1,497	448	376	263	75.5%	41
Q2 2025	$210.2B	1,444	342	372	364	227	76.3%	45
Q1 2025	$172.0B	1,329	611	209	167	316	80.8%	45
Q4 2024	$193.6B	1,034	310	236	163	214	79.4%	45
Q3 2024	$191.8B	938	250	122	225	202	80.5%	45
Q2 2024	$185.4B	890	370	77	104	153	78.0%	45
Q1 2024	$185.9B	673	273	59	55	88	78.3%	39
Q4 2023	$163.7B	488	80	58	55	148	73.7%	44
Q3 2023	$147.5B	556	151	63	64	76	74.9%	44
Q2 2023	$140.5B	481	80	61	61	122	75.0%	41
Q1 2023	$136.6B	523	161	56	43	81	75.0%	41
Q4 2022	$96.8B	443	136	43	136	82	72.6%	41
Q3 2022	$115.7B	389	120	86	55	90	82.0%	45
Q2 2022	$90.5B	359	91	88	42	235	77.3%	41
Q1 2022	$103.1B	503	103	120	158	478	79.2%	46
Q4 2021	$113.4B	878	161	170	0	0	80.7%	45
Q3 2021	$102.1B	717	324	84	70	121	84.9%	46
Q2 2021	$73.8B	514	361	18	31	42	84.7%	47
Q1 2021	$61.8B	195	0	0	0	0	84.0%	50

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.