WOLVERINE TRADING, LLC

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

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

CIK

927337

Reported value

$138.7B

Positions

2,395

Top 10 weight

44.4%

Filed

2025-11-14

Days after quarter end

Holdings

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
STATE STR SPDR S&P 500 ETF T OPT	SPY	$15.8B	915,710	11.39%	-4.04pp	20q	-35.0%-$8.5B
INVESCO QQQ TR OPT	QQQ	$12.3B	173,291	8.85%	-	new	NEW
NVIDIA CORPORATION OPT	NVDA	$7.1B	990,500	5.14%	-1.38pp	28q	+28.9%+$1.6B
TESLA INC OPT	TSLA	$7.0B	173,665	5.03%	-0.28pp	28q	-46.0%-$5.9B
META PLATFORMS INC OPT	META	$4.9B	68,620	3.50%	-1.67pp	28q	+467.0%+$4.0B
MICROSOFT CORP OPT	MSFT	$3.5B	160,224	2.55%	-1.02pp	28q	-52.3%-$3.9B
APPLE INC OPT	AAPL	$3.0B	59,673	2.16%	-	new	NEW
STRATEGY INC OPT	MSTR	$2.9B	1,934	2.12%	-1.18pp	7q	-97.7%-$123.0B
SPDR GOLD TR OPT	GLD	$2.7B	52,482	1.92%	-0.27pp	3q	-56.7%-$3.5B
NETFLIX INC OPT	NFLX	$2.5B	33,222	1.77%	-1.43pp	28q	+5328.4%+$2.4B
AMAZON COM INC OPT	AMZN	$2.2B	176,899	1.58%	-	new	NEW
BROADCOM INC OPT	AVGO	$1.9B	92,343	1.35%	+0.01pp	26q	+120.7%+$1.0B
PALANTIR TECHNOLOGIES INC OPT	PLTR	$1.8B	16,861	1.33%	-0.02pp	20q	-82.6%-$8.7B
STATE STR SPDR DOW JONES IND OPT	DIA	$1.6B	138,852	1.13%	-0.31pp	7q	-74.9%-$4.7B
ALPHABET INC OPT	GOOGL	$1.5B	43,442	1.09%	+0.02pp	28q	+190.1%+$987.1M
ELI LILLY & CO OPT	LLY	$1.4B	19,630	0.98%	-0.25pp	12q	-50.9%-$1.4B
UNITEDHEALTH GROUP INC OPT	UNH	$1.3B	43,079	0.97%	flat	28q	+5.2%+$66.2M
ISHARES TR OPT	IWM	$1.3B	85,000	0.93%	-0.94pp	10q	-71.1%-$3.2B
BOOKING HOLDINGS INC OPT	BKNG	$1.3B	8,428	0.93%	-0.63pp	25q	+590.8%+$1.1B
GOLDMAN SACHS GROUP INC OPT	GS	$1.3B	24,786	0.91%	-0.17pp	28q	+173.8%+$805.7M
COINBASE GLOBAL INC OPT	COIN	$1.2B	50,401	0.85%	-0.53pp	4q	HELD
ORACLE CORP OPT	ORCL	$1.2B	76,837	0.84%	+0.41pp	28q	+900.4%+$1.1B
ALPHABET INC OPT	GOOG	$1.1B	356,883	0.79%	+0.09pp	28q	+80.6%+$489.5M
BERKSHIRE HATHAWAY INC DEL OPT	BRKB	$1.1B	229,185	0.78%	-	new	NEW
COSTCO WHOLESALE CORPORATION OPT	COST	$1.1B	28,162	0.78%	-0.26pp	28q	+331.5%+$829.2M
ADVANCED MICRO DEVICES INC OPT	AMD	$1.1B	219,989	0.77%	-	new	NEW
APPLOVIN CORP OPT	APP	$1.0B	29,910	0.73%	+0.27pp	4q	-4.4%-$46.7M
TAIWAN SEMICONDUCTOR MANUFAC OPT	TSM	$933.7M	164,283	0.67%	+0.04pp	26q	+94.5%+$453.7M
ALIBABA GROUP HLDG LTD OPT	BABA	$853.6M	120,294	0.62%	+0.22pp	15q	-17.3%-$178.4M
CROWDSTRIKE HLDGS INC OPT	CRWD	$778.9M	66,487	0.56%	-0.22pp	13q	+2.3%+$17.5M
BOEING CO OPT	BA	$670.7M	10,797	0.48%	-	new	NEW
VANGUARD INDEX FDS OPT	VOO	$661.0M	82,261	0.48%	-0.10pp	12q	+45.1%+$205.4M
MICRON TECHNOLOGY INC OPT	MU	$658.4M	206,048	0.47%	+0.01pp	28q	+423.0%+$532.5M
JPMORGAN CHASE & CO OPT	JPM	$651.0M	7,669	0.47%	-0.07pp	2q	+16.6%+$92.4M
ROBINHOOD MKTS INC OPT	HOOD	$625.1M	61,082	0.45%	+0.07pp	12q	+28.7%+$139.4M
ISHARES TR OPT	TLT	$599.3M	140,265	0.43%	-0.22pp	5q	+236.2%+$421.0M
FIRST SOLAR INC OPT	FSLR	$597.3M	22,411	0.43%	+0.23pp	10q	+330.9%+$458.6M
ASML HLDG NV OPT	ASML	$585.9M	25,481	0.42%	+0.09pp	28q	+468.1%+$482.8M
ISHARES BITCOIN TRUST ETF OPT	IBIT	$564.6M	36,247	0.41%	-	new	NEW
MERCADOLIBRE INC OPT	MELI	$471.5M	1,697	0.34%	-0.05pp	28q	+107.0%+$243.7M
WALMART INC OPT	WMT	$452.2M	49,930	0.33%	-0.08pp	11q	+166.8%+$282.8M
SERVICENOW INC OPT	NOW	$443.9M	7,827	0.32%	-0.22pp	28q	-48.7%-$420.9M
VANECK ETF TRUST OPT	SMH	$424.3M	9,347	0.31%	-0.04pp	2q	-35.2%-$230.7M
GE VERNOVA INC OPT	GEV	$409.0M	14,684	0.29%	-0.06pp	6q	-15.9%-$77.4M
MASTERCARD INCORPORATED OPT	MA	$400.2M	14,829	0.29%	-0.11pp	2q	-35.5%-$220.5M
AMERICAN EXPRESS CO OPT	AXP	$397.1M	1,041	0.29%	-	new	NEW
DOORDASH INC OPT	DASH	$393.5M	69,899	0.28%	-0.02pp	12q	+25.2%+$79.2M
VISA INC OPT	V	$389.0M	2,408	0.28%	-0.13pp	2q	-61.3%-$615.4M
ADOBE INC OPT	ADBE	$377.5M	36,487	0.27%	-0.05pp	28q	+1.6%+$5.9M
ISHARES SILVER TR OPT	SLV	$363.9M	181,094	0.26%	-	new	NEW
CITIGROUP INC OPT	C	$361.1M	24,272	0.26%	+0.02pp	28q	-92.6%-$4.5B
SPOTIFY TECHNOLOGY S A OPT	SPOT	$360.6M	9,546	0.26%	-0.07pp	2q	+393.8%+$287.6M
SALESFORCE INC OPT	CRM	$358.6M	22,648	0.26%	-0.05pp	10q	+245.8%+$254.9M
INTUIT OPT	INTU	$352.5M	1,130	0.25%	-0.06pp	25q	+98.9%+$175.3M
SELECT SECTOR SPDR TR OPT	XLY	$347.8M	322,929	0.25%	-0.01pp	24q	+21.7%+$62.0M
UBER TECHNOLOGIES INC OPT	UBER	$330.5M	options only	0.24%	-0.10pp	2q	OPTIONS
COREWEAVE INC OPT	CRWV	$322.4M	106,441	0.23%	flat	2q	+331.4%+$247.7M
ROYAL CARIBBEAN GROUP OPT	RCL	$321.6M	options only	0.23%	-0.06pp	2q	OPTIONS
INTEL CORP OPT	INTC	$309.1M	1,264,241	0.22%	+0.08pp	28q	+11.2%+$31.1M
MONGODB INC OPT	MDB	$308.5M	options only	0.22%	+0.05pp	21q	OPTIONS
SNOWFLAKE INC OPT	SNOW	$306.9M	5,642	0.22%	-	new	NEW
BLACKROCK INC OPT	BLK	$302.6M	3,616	0.22%	-0.06pp	4q	-68.8%-$668.1M
HOME DEPOT INC OPT	HD	$298.4M	1,474	0.22%	-0.09pp	28q	-84.7%-$1.7B
SELECT SECTOR SPDR TR OPT	XLI	$292.6M	552,256	0.21%	-0.05pp	22q	+0.9%+$2.6M
CATERPILLAR INC OPT	CAT	$290.7M	570	0.21%	-0.04pp	2q	-98.2%-$15.5B
ARM HOLDINGS PLC OPT	ARM	$290.7M	5,349	0.21%	-	new	NEW
INTERNATIONAL BUSINESS MACHS OPT	IBM	$287.1M	options only	0.21%	flat	28q	OPTIONS
SHOPIFY INC OPT	SHOP	$285.1M	3,890	0.21%	+0.03pp	2q	HELD
EXXON MOBIL CORP OPT	XOMXXXX	$280.1M	39,401	0.20%	-0.04pp	3q	+644.3%+$242.5M
OKLO INC OPT	OKLO	$280.1M	options only	0.20%	+0.12pp	4q	OPTIONS
LULULEMON ATHLETICA INC OPT	LULU	$275.7M	41,697	0.20%	-0.04pp	28q	+90.8%+$131.2M
IREN LIMITED OPT	IREN	$263.7M	158,642	0.19%	+0.15pp	2q	+95.4%+$128.7M
SELECT SECTOR SPDR TR OPT	XLK	$262.2M	42,996	0.19%	-0.02pp	3q	-80.1%-$1.1B
SELECT SECTOR SPDR TR OPT	XLF	$260.3M	1,646,746	0.19%	-0.03pp	5q	+471.5%+$214.7M
PALO ALTO NETWORKS INC OPT	PANW	$252.9M	46,739	0.18%	-0.07pp	16q	+3424.8%+$245.7M
VANECK ETF TRUST OPT	GDX	$250.4M	119,326	0.18%	+0.05pp	15q	+312.6%+$189.7M
SYNOPSYS INC OPT	SNPS	$248.9M	591	0.18%	+0.10pp	13q	-72.1%-$642.8M
VISTRA CORP OPT	VST	$244.2M	50,973	0.18%	-0.06pp	9q	+169.4%+$153.5M
MORGAN STANLEY OPT	MS	$235.4M	1,425	0.17%	flat	2q	HELD
ISHARES TR OPT	IVV	$235.0M	114,203	0.17%	flat	3q	+849.1%+$210.3M
MCDONALDS CORP OPT	MCD	$231.8M	35,617	0.17%	-0.01pp	11q	+23.5%+$44.1M
LAM RESEARCH CORP OPT	LRCX	$229.3M	30,883	0.17%	+0.02pp	4q	-62.8%-$387.5M
APPLIED MATLS INC OPT	AMAT	$226.5M	6,663	0.16%	-	new	NEW
SUPER MICRO COMPUTER INC OPT	SMCI	$226.0M	202,779	0.16%	-0.06pp	4q	+168.9%+$141.9M
ARISTA NETWORKS INC OPT	ANET	$220.1M	110,476	0.16%	-	new	NEW
AUTOZONE INC OPT	AZO	$218.0M	4,005	0.16%	-	new	NEW
RTX CORPORATION OPT	RTX	$215.9M	options only	0.16%	-	new	OPTIONS
GE AEROSPACE OPT	GE	$211.6M	50,112	0.15%	-0.07pp	17q	+3039.8%+$204.9M
NEBIUS GROUP N.V. OPT	NBIS	$208.3M	15,635	0.15%	+0.10pp	4q	-13.5%-$32.6M
DELL TECHNOLOGIES INC OPT	DELL	$206.0M	13,797	0.15%	-0.03pp	7q	-79.7%-$807.1M
SELECT SECTOR SPDR TR OPT	XLU	$204.8M	615,640	0.15%	-0.03pp	22q	+20.2%+$34.5M
ISHARES TR OPT	HYG	$203.5M	102,087	0.15%	-0.02pp	8q	HELD
PDD HOLDINGS INC OPT	PDD	$200.6M	31,490	0.14%	+0.01pp	4q	-63.8%-$354.3M
STARBUCKS CORP OPT	SBUX	$200.2M	5,223	0.14%	-0.08pp	28q	HELD
QUANTA SVCS INC OPT	PWR	$199.6M	10,207	0.14%	-	new	NEW
QUALCOMM INC OPT	QCOM	$198.3M	54,989	0.14%	-0.08pp	28q	-68.7%-$435.2M
ABBVIE INC OPT	ABBV	$197.2M	4,298	0.14%	flat	2q	-58.5%-$277.9M
MARVELL TECHNOLOGY INC OPT	MRVL	$196.8M	49,955	0.14%	flat	18q	-74.6%-$576.8M
WYNN RESORTS LTD OPT	WYNN	$196.3M	386,758	0.14%	+0.05pp	11q	+832.3%+$175.3M
DISNEY WALT CO OPT	DIS	$193.5M	24,931	0.14%	-0.08pp	13q	+162.0%+$119.6M
NIKE INC OPT	NKE	$192.5M	90,298	0.14%	-0.05pp	12q	-73.7%-$539.6M
JOHNSON & JOHNSON OPT	JNJ	$192.1M	options only	0.14%	flat	28q	OPTIONS
CHEVRON CORPORATION OPT	CVX	$191.9M	47,163	0.14%	-0.02pp	24q	+126.9%+$107.4M
VERTIV HOLDINGS CO OPT	VRT	$189.1M	82,335	0.14%	-0.05pp	13q	+102.0%+$95.5M
WELLS FARGO & CO OPT	WFC	$188.0M	18,974	0.14%	-0.03pp	28q	-53.3%-$214.8M
BANK OF AMER CORP OPT	BAC	$184.8M	20,423	0.13%	-	new	NEW
KLA CORP OPT	KLAC	$177.7M	2,556	0.13%	+0.02pp	25q	+875.6%+$159.5M
SELECT SECTOR SPDR TR OPT	XLE	$174.4M	7,455	0.13%	-0.10pp	15q	-91.5%-$1.9B
ISHARES TR OPT	IYR	$174.2M	1,665,815	0.13%	-0.01pp	28q	+25.5%+$35.4M
ASTERA LABS INC OPT	ALAB	$173.1M	30,094	0.12%	+0.06pp	7q	-61.0%-$270.6M
LOCKHEED MARTIN CORP OPT	LMT	$171.9M	options only	0.12%	-0.04pp	28q	OPTIONS
EATON CORP PLC OPT	ETN	$171.6M	9,660	0.12%	-0.05pp	10q	-43.4%-$131.3M
BAIDU INC OPT	BIDU	$170.5M	12,314	0.12%	-	new	NEW
INTUITIVE SURGICAL INC OPT	ISRG	$167.4M	22,301	0.12%	-0.06pp	11q	+265.5%+$121.6M
PAYPAL HLDGS INC OPT	PYPL	$166.3M	59,772	0.12%	-0.06pp	28q	-76.4%-$538.0M
THE CIGNA GROUP OPT	CI	$165.8M	225,110	0.12%	-0.07pp	28q	+96.4%+$81.3M
UNITED AIRLS HLDGS INC OPT	UAL	$158.9M	53,803	0.11%	-0.01pp	28q	HELD
BLOOM ENERGY CORP OPT	BE	$154.3M	87,494	0.11%	-	new	NEW
CONSTELLATION ENERGY CORP OPT	CEG	$153.3M	25,538	0.11%	-0.06pp	10q	HELD
BITMINE IMMERSION TECHS INC OPT	BMNR	$152.0M	57,932	0.11%	-	new	NEW
PEPSICO INC OPT	PEP	$151.7M	42,849	0.11%	-0.01pp	28q	+70.0%+$62.4M
ISHARES TR OPT	EFA	$150.1M	213,991	0.11%	-0.07pp	6q	-73.3%-$412.1M
PHILIP MORRIS INTL INC OPT	PM	$144.9M	90,004	0.10%	-0.02pp	28q	+180.1%+$93.2M
NEWMONT CORP OPT	NEM	$144.2M	121,066	0.10%	+0.03pp	28q	-14.8%-$25.1M
UNITED PARCEL SVCS INC OPT	UPS	$143.9M	options only	0.10%	-0.09pp	10q	OPTIONS
HUMANA INC OPT	HUM	$143.0M	55,633	0.10%	-0.02pp	11q	+34.8%+$36.9M
TARGET CORP OPT	TGT	$139.1M	87,480	0.10%	-	new	NEW
AXON ENTERPRISE INC OPT	AXON	$138.6M	4,428	0.10%	-0.04pp	9q	HELD
CHIPOTLE MEXICAN GRILL INC OPT	CMG	$137.1M	options only	0.10%	-0.10pp	28q	OPTIONS
BLOCK INC OPT	XYZ	$136.1M	options only	0.10%	-0.01pp	3q	OPTIONS
BLACKSTONE INC OPT	BX	$136.0M	17,304	0.10%	-0.01pp	25q	+24.6%+$26.8M
APOLLO GLOBAL MGMT INC OPT	APO	$133.6M	6,921	0.10%	-0.05pp	2q	-10.1%-$15.0M
HIMS & HERS HEALTH INC OPT	HIMS	$132.1M	options only	0.10%	-0.04pp	5q	OPTIONS
THERMO FISHER SCIENTIFIC INC OPT	TMO	$131.9M	options only	0.10%	+0.03pp	28q	OPTIONS
ROCKET LAB CORP OPT	RKLB	$127.8M	options only	0.09%	+0.01pp	2q	OPTIONS
HONEYWELL INTL INC OPT	HONZZZZ	$127.0M	44,701	0.09%	+0.02pp	24q	+525.4%+$106.7M
UNITED RENTALS INC OPT	URI	$124.1M	6,273	0.09%	flat	13q	-29.2%-$51.1M
CELESTICA INC OPT	CLS	$122.1M	8,080	0.09%	+0.03pp	6q	-66.7%-$244.7M
SEAGATE TECHNOLOGY HLDNGS PL OPT	STX	$121.9M	30,936	0.09%	+0.03pp	2q	HELD
AST SPACEMOBILE INC OPT	ASTS	$116.7M	169,778	0.08%	-0.02pp	8q	+22.8%+$21.7M
ZSCALER INC OPT	ZS	$116.3M	2,368	0.08%	-0.05pp	25q	-94.9%-$2.2B
GAMESTOP CORP OPT	GME	$115.3M	186,791	0.08%	-0.01pp	3q	+885.3%+$103.6M
VALERO ENERGY CORP OPT	VLO	$115.2M	81,902	0.08%	+0.02pp	20q	+237.1%+$81.0M
CISCO SYS INC OPT	CSCO	$114.9M	57,151	0.08%	-0.04pp	28q	+324.2%+$87.8M
DUOLINGO INC OPT	DUOL	$114.3M	32,183	0.08%	+0.03pp	2q	+884.5%+$102.7M
IONQ INC OPT	IONQ	$112.9M	48,243	0.08%	+0.02pp	16q	-56.3%-$145.5M
ISHARES ETHEREUM TR OPT	ETHA	$112.4M	117,678	0.08%	+0.06pp	2q	+72.8%+$47.4M
3M CO OPT	MMM	$110.1M	150,834	0.08%	flat	6q	+2273.8%+$105.4M
ACCENTURE PLC IRELAND OPT	ACN	$108.2M	39,955	0.08%	-0.01pp	9q	+693.2%+$94.6M
CAPITAL ONE FINL CORP OPT	COF	$108.0M	16,632	0.08%	-0.04pp	28q	+134.4%+$61.9M
ELEVANCE HEALTH INC FORMERLY OPT	ELV	$106.3M	options only	0.08%	-	new	OPTIONS
SPDR SERIES TRUST OPT	XOP	$105.2M	9,594	0.08%	-0.02pp	11q	-21.7%-$29.2M
MP MATERIALS CORP OPT	MP	$104.0M	5,321	0.07%	+0.04pp	4q	-69.4%-$236.0M
AMGEN INC OPT	AMGN	$102.4M	18,090	0.07%	-	new	NEW
DEERE & CO OPT	DE	$101.7M	5,863	0.07%	-0.05pp	9q	-53.0%-$114.7M
T-MOBILE US INC OPT	TMUS	$101.6M	3,738	0.07%	-0.04pp	28q	+202.4%+$68.0M
LOWES COS INC OPT	LOW	$101.4M	834	0.07%	-0.01pp	28q	-63.7%-$177.8M
CONOCOPHILLIPS OPT	COP	$99.9M	options only	0.07%	-0.16pp	11q	OPTIONS
ISHARES TR OPT	EEM	$99.6M	156,317	0.07%	+0.03pp	12q	+20.4%+$16.8M
ECHOSTAR CORP OPT	ECHO	$99.4M	23,331	0.07%	+0.04pp	8q	-63.4%-$172.4M
SPDR SERIES TRUST OPT	KRE	$99.4M	68,389	0.07%	flat	15q	+677.9%+$86.6M
REGENERON PHARMACEUTICALS OPT	REGN	$99.3M	30,161	0.07%	-0.01pp	10q	+54.1%+$34.9M
THE TRADE DESK INC OPT	TTD	$99.1M	91,229	0.07%	-0.02pp	28q	+86.8%+$46.0M
MERCK & CO INC OPT	MRK	$97.7M	20,117	0.07%	-0.04pp	2q	-82.8%-$470.3M
FUTU HLDGS LTD OPT	FUTU	$96.7M	5,372	0.07%	+0.01pp	8q	+68.8%+$39.4M
DIREXION SHARES ETF TRUST OPT	FAS	$95.8M	3,556	0.07%	-0.02pp	14q	HELD
CVS HEALTH CORP OPT	CVS	$95.8M	12,206	0.07%	-0.01pp	2q	HELD
MARRIOTT INTL INC NEW OPT	MAR	$93.5M	107,389	0.07%	flat	11q	+1899.4%+$88.8M
COCA COLA CO OPT	KO	$92.6M	7,493	0.07%	-0.03pp	12q	-4.7%-$4.6M
TALEN ENERGY CORP OPT	TLN	$92.6M	options only	0.07%	+0.03pp	4q	OPTIONS
DELTA AIR LINES INC OPT	DAL	$91.7M	69,110	0.07%	-0.01pp	28q	+62.4%+$35.2M
TEXAS INSTRS INC OPT	TXN	$91.7M	3,658	0.07%	-0.04pp	20q	-89.0%-$740.2M
FEDEX CORP OPT	FDX	$90.4M	options only	0.07%	-0.04pp	11q	OPTIONS
FREEPORT-MCMORAN INC OPT	FCX	$90.2M	395,188	0.07%	flat	11q	+182.6%+$58.3M
DATADOG INC OPT	DDOG	$89.9M	22,153	0.06%	flat	11q	+235.6%+$63.1M
CONSTELLATION BRANDS INC OPT	STZ	$89.8M	78,296	0.06%	-0.03pp	13q	+1670.2%+$84.7M
CREDO TECHNOLOGY GROUP HOLDI OPT	CRDO	$87.8M	16,622	0.06%	+0.01pp	8q	-34.9%-$47.0M
AFFIRM HLDGS INC OPT	AFRM	$87.0M	33,446	0.06%	-	new	NEW
NEXTERA ENERGY INC OPT	NEE	$86.8M	44,209	0.06%	-0.02pp	10q	-68.8%-$191.4M
PROCTER & GAMBLE CO OPT	PG	$84.5M	options only	0.06%	-0.06pp	12q	OPTIONS
UNITY SOFTWARE INC OPT	U	$84.2M	186,723	0.06%	+0.01pp	7q	+31.3%+$20.1M
NOVO-NORDISK A S OPT	NVO	$83.9M	9,629	0.06%	flat	13q	-85.2%-$482.8M
FAIR ISAAC CORP OPT	FICO	$83.3M	2,403	0.06%	-0.02pp	11q	-26.9%-$30.6M
E L F BEAUTY INC OPT	ELF	$83.0M	33,326	0.06%	-0.01pp	5q	-3.0%-$2.5M
D R HORTON INC OPT	DHI	$81.9M	46,075	0.06%	flat	11q	+116.3%+$44.0M
AIRBNB INC OPT	ABNB	$80.8M	22,749	0.06%	-	new	NEW
WAYFAIR INC OPT	W	$80.3M	55,698	0.06%	+0.02pp	10q	-10.8%-$9.7M
VERIZON COMMUNICATIONS INC OPT	VZ	$78.2M	95,886	0.06%	-0.02pp	28q	+1103.1%+$71.7M
SCHWAB CHARLES CORP OPT	SCHW	$77.4M	4,652	0.06%	-0.02pp	28q	-96.7%-$2.3B
CAMECO CORP OPT	CCJ	$77.4M	80,821	0.06%	-0.01pp	3q	+5.6%+$4.1M
SELECT SECTOR SPDR TR OPT	XLV	$77.0M	39,486	0.06%	-0.06pp	4q	+252.5%+$55.2M
MONOLITHIC PWR SYS INC OPT	MPWR	$76.1M	714	0.05%	+0.02pp	13q	+94.6%+$37.0M
WESTERN DIGITAL CORP OPT	WDC	$74.3M	49,930	0.05%	+0.03pp	28q	HELD
SPDR SERIES TRUST OPT	XBI	$74.3M	61,981	0.05%	-0.03pp	9q	-16.1%-$14.2M
RIGETTI COMPUTING INC OPT	RGTI	$74.1M	279,294	0.05%	+0.03pp	5q	+1.6%+$1.2M
KRANESHARES TRUST OPT	KWEB	$74.1M	97,875	0.05%	+0.01pp	2q	-16.6%-$14.8M
UNITED STS OIL FD LP OPT	USO	$74.1M	24,584	0.05%	-0.05pp	12q	+129.1%+$41.7M
EQUINIX INC OPT	EQIX	$74.0M	7,172	0.05%	+0.04pp	28q	+45.4%+$23.1M
PFIZER INC OPT	PFE	$72.8M	76,642	0.05%	-0.02pp	11q	-12.7%-$10.6M
UPSTART HLDGS INC OPT	UPST	$72.0M	13,484	0.05%	-0.02pp	10q	-73.0%-$195.2M
TJX COS INC NEW OPT	TJX	$71.8M	1,626	0.05%	+0.01pp	2q	-95.9%-$1.7B
AEROVIRONMENT INC OPT	AVAV	$71.8M	23,751	0.05%	-	new	NEW
CENTRUS ENERGY CORP OPT	LEU	$70.7M	18,058	0.05%	-	new	NEW
MCKESSON CORP OPT	MCK	$70.7M	3,523	0.05%	-0.02pp	9q	-34.5%-$37.3M
CHARTER COMMUNICATIONS INC OPT	CHTR	$70.5M	38,392	0.05%	-0.03pp	13q	+6719.2%+$69.5M
OKTA INC OPT	OKTA	$70.0M	43,567	0.05%	-0.01pp	11q	-36.9%-$40.9M
VERTEX PHARMACEUTICALS INC OPT	VRTX	$69.9M	20,449	0.05%	-0.02pp	28q	+16.2%+$9.8M
EXPEDIA GROUP INC OPT	EXPE	$69.9M	options only	0.05%	-0.01pp	25q	OPTIONS
EBAY INC. OPT	EBAY	$68.9M	12,043	0.05%	+0.01pp	11q	HELD
WORKDAY INC OPT	WDAY	$68.9M	options only	0.05%	flat	11q	OPTIONS
ETSY INC OPT	ETSY	$68.7M	options only	0.05%	+0.01pp	2q	OPTIONS
ULTA BEAUTY INC OPT	ULTA	$68.4M	1,310	0.05%	-0.02pp	12q	-90.0%-$618.9M
JD.COM INC OPT	JD	$68.4M	351,661	0.05%	+0.02pp	28q	+1059.1%+$62.5M
RH OPT	RH	$68.4M	19,380	0.05%	-0.02pp	18q	+12.7%+$7.7M
SELECT SECTOR SPDR TR OPT	XLP	$67.9M	102,809	0.05%	-	new	NEW
UNION PAC CORP OPT	UNP	$67.8M	options only	0.05%	flat	24q	OPTIONS
HCA HEALTHCARE INC OPT	HCA	$66.4M	options only	0.05%	-	new	OPTIONS
ALBEMARLE CORP OPT	ALB	$65.9M	62,156	0.05%	-	new	NEW
OCCIDENTAL PETE CORP OPT	OXY	$65.8M	62,436	0.05%	-0.02pp	13q	-15.9%-$12.4M
CARNIVAL CORP OPT	CCL	$64.1M	204,261	0.05%	+0.01pp	27q	+48.1%+$20.8M
CELSIUS HLDGS INC OPT	CELH	$63.7M	4,015	0.05%	flat	10q	-11.9%-$8.6M
NORTHROP GRUMMAN CORP OPT	NOC	$63.1M	options only	0.05%	-0.02pp	21q	OPTIONS
CADENCE DESIGN SYSTEM INC OPT	CDNS	$63.0M	871	0.05%	-0.03pp	13q	-22.5%-$18.3M
VANECK ETF TRUST OPT	GDXJ	$62.7M	10,716	0.05%	+0.01pp	8q	HELD
TAKE-TWO INTERACTIVE SOFTWAR OPT	TTWO	$61.2M	78,088	0.04%	flat	9q	+9152.1%+$60.5M
LENNAR CORP OPT	LEN	$59.9M	64,279	0.04%	+0.01pp	13q	+472.4%+$49.4M
ALTRIA GROUP INC OPT	MO	$58.7M	options only	0.04%	flat	16q	OPTIONS
FORTINET INC OPT	FTNT	$58.4M	2,444	0.04%	-	new	NEW
MARA HOLDINGS INC OPT	MARA	$58.4M	27,168	0.04%	flat	13q	-60.5%-$89.3M
ANALOG DEVICES INC OPT	ADI	$57.9M	1,603	0.04%	-	new	NEW
RIOT PLATFORMS INC OPT	RIOT	$57.7M	128,330	0.04%	+0.02pp	14q	+41.2%+$16.8M
NUCOR CORP OPT	NUE	$57.7M	11,732	0.04%	-0.01pp	28q	-71.7%-$145.9M
ISHARES TR OPT	IEF	$57.1M	145,863	0.04%	flat	4q	-6.6%-$4.0M
GENERAL MTRS CO OPT	GM	$56.7M	6,582	0.04%	flat	2q	HELD
GILEAD SCIENCES INC OPT	GILD	$56.7M	40,825	0.04%	-0.03pp	28q	+385.1%+$45.0M
NU HLDGS LTD OPT	NU	$56.6M	85,835	0.04%	flat	15q	-15.3%-$10.2M
AUTOMATIC DATA PROCESSING IN OPT	ADP	$56.3M	14,833	0.04%	-	new	NEW
BRISTOL-MYERS SQUIBB CO OPT	BMY	$55.5M	96,318	0.04%	flat	2q	+205.0%+$37.3M
DANAHER CORP DEL OPT	DHR	$55.1M	8,508	0.04%	-0.01pp	8q	-38.1%-$34.0M
HILTON WORLDWIDE HLDGS INC OPT	HLT	$54.9M	22,202	0.04%	-0.09pp	2q	-9.9%-$6.0M
WW GRAINGER INC OPT	GWW	$54.8M	options only	0.04%	-0.07pp	11q	OPTIONS
DIREXION SHARES ETF TRUST OPT	TNA	$54.6M	27,845	0.04%	-0.01pp	8q	-16.3%-$10.7M
NEXTPOWER INC OPT	NXT	$53.5M	15,460	0.04%	-	new	NEW
MARATHON PETE CORP OPT	MPC	$53.0M	options only	0.04%	-0.02pp	2q	OPTIONS
FISERV INC OPT	FISV	$52.6M	70,939	0.04%	flat	10q	+4857.3%+$51.5M
STRYKER CORPORATION OPT	SYK	$51.8M	1,052	0.04%	-0.01pp	10q	HELD
NRG ENERGY INC OPT	NRG	$51.1M	1,316	0.04%	-0.01pp	15q	-89.8%-$449.4M
GENERAC HLDGS INC OPT	GNRC	$50.2M	49,469	0.04%	flat	17q	+68.6%+$20.4M
D-WAVE QUANTUM INC OPT	QBTS	$49.9M	66,479	0.04%	+0.01pp	6q	-45.7%-$42.0M
LAUDER ESTEE COS INC OPT	EL	$49.9M	31,980	0.04%	-0.01pp	13q	-29.4%-$20.8M
SOUTHWEST AIRLS CO OPT	LUV	$49.6M	167,844	0.04%	-0.02pp	28q	+153.8%+$30.1M
ELECTRONIC ARTS INC OPT	EA	$49.5M	8,335	0.04%	+0.01pp	11q	HELD
PARKER-HANNIFIN CORP OPT	PH	$49.4M	options only	0.04%	-0.02pp	2q	OPTIONS
LUCID GROUP INC OPT	LCID	$49.4M	35,996	0.04%	-	new	NEW
CHENIERE ENERGY INC OPT	LNG	$49.1M	34,543	0.04%	-0.03pp	21q	+110.2%+$25.7M
ISHARES TR OPT	FXI	$48.6M	53,563	0.04%	-0.01pp	4q	-72.9%-$130.5M
PHILLIPS 66 OPT	PSX	$48.5M	28,946	0.03%	flat	28q	-10.6%-$5.8M
NUSCALE PWR CORP OPT	SMR	$47.8M	103,571	0.03%	flat	12q	+1112.8%+$43.8M
BARRICK MNG CORP OPT	B	$47.6M	172,256	0.03%	+0.01pp	2q	+229.2%+$33.1M
SANDISK CORP OPT	SNDK	$47.5M	5,334	0.03%	+0.03pp	3q	-13.4%-$7.3M
ABBOTT LABORATORIES OPT	ABT	$47.4M	3,693	0.03%	-	new	NEW
INTERACTIVE BROKERS GROUP IN OPT	IBKR	$47.4M	111,105	0.03%	-0.02pp	3q	+1835.0%+$44.9M
DIREXION SHARES ETF TRUST OPT	TECL	$46.9M	27,193	0.03%	flat	4q	-1.5%-$708.8K
LAS VEGAS SANDS CORP OPT	LVS	$46.5M	292,464	0.03%	+0.01pp	28q	+180.2%+$29.9M
KKR & CO INC OPT	KKR	$46.4M	29,434	0.03%	-0.03pp	6q	+1091.7%+$42.5M
AMPHENOL CORP OPT	APH	$45.8M	1,755	0.03%	-	new	NEW
LYFT INC OPT	LYFT	$45.3M	122,006	0.03%	+0.02pp	5q	+42.8%+$13.6M
GENERAL DYNAMICS CORP OPT	GD	$45.1M	options only	0.03%	-0.01pp	25q	OPTIONS
WHEATON PRECIOUS METALS CORP OPT	WPM	$43.9M	10,850	0.03%	-	new	NEW
ISHARES TR OPT	MUB	$43.7M	65,791	0.03%	-0.02pp	3q	-13.0%-$6.5M
DICKS SPORTING GOODS INC OPT	DKS	$43.6M	15,537	0.03%	-0.02pp	4q	+140.0%+$25.4M
BOSTON SCIENTIFIC CORP OPT	BSX	$43.5M	11,165	0.03%	-0.02pp	20q	+204.6%+$29.2M
RIVIAN AUTOMOTIVE INC OPT	RIVN	$43.4M	142,553	0.03%	flat	16q	-26.9%-$16.0M
EMERSON ELEC CO OPT	EMR	$43.3M	options only	0.03%	-0.01pp	11q	OPTIONS
KRATOS DEFENSE & SEC SOLUTIO OPT	KTOS	$43.1M	27,257	0.03%	+0.02pp	28q	+19.1%+$6.9M
DOMINOS PIZZA INC OPT	DPZ	$43.0M	10,297	0.03%	flat	28q	+63.4%+$16.7M
BARCLAYS BANK PLC OPT	VXX	$43.0M	options only	0.03%	-0.06pp	2q	OPTIONS
PRUDENTIAL FINL INC OPT	PRU	$43.0M	options only	0.03%	-0.01pp	28q	OPTIONS
AT&T INC OPT	T	$42.7M	options only	0.03%	-0.01pp	28q	OPTIONS
VOLATILITY SHS TR OPT	ETHU	$42.5M	16,778	0.03%	+0.02pp	2q	+22.6%+$7.8M
COHERENT CORP OPT	COHR	$41.9M	8,969	0.03%	flat	5q	HELD
GLOBALSTAR INC OPT	GSAT	$41.9M	options only	0.03%	-	new	OPTIONS
ZILLOW GROUP INC OPT	Z	$41.3M	11,866	0.03%	flat	17q	HELD
WASTE MGMT INC DEL OPT	WM	$41.2M	4,272	0.03%	-0.04pp	2q	-28.7%-$16.6M
ROCKET COS INC OPT	RKT	$41.0M	209,389	0.03%	+0.02pp	4q	+87.7%+$19.2M
S&P GLOBAL INC OPT	SPGI	$40.7M	684	0.03%	flat	24q	HELD
VANGUARD INDEX FDS OPT	VTI	$40.5M	5,378	0.03%	-	new	NEW
HUT 8 CORP OPT	HUT	$40.3M	58,042	0.03%	+0.02pp	6q	+286.5%+$29.9M
ZOETIS INC OPT	ZTS	$40.1M	20,320	0.03%	flat	12q	-39.8%-$26.5M
PROSHARES TR OPT	SSO	$39.9M	10,903	0.03%	-	new	NEW
EQT CORP OPT	EQT	$39.8M	4,517	0.03%	-0.02pp	2q	HELD
CAVA GROUP INC OPT	CAVA	$39.6M	4,597	0.03%	-0.03pp	5q	-76.3%-$127.3M
FTAI AVIATION LTD OPT	FTAI	$39.2M	15,496	0.03%	flat	7q	+389.6%+$31.2M
JOHNSON CONTROLS INTERNATION OPT	JCI	$39.0M	10,158	0.03%	-0.04pp	2q	HELD
METLIFE INC OPT	MET	$38.9M	options only	0.03%	-0.01pp	10q	OPTIONS
BRITISH AMERN TOB PLC OPT	BTI	$38.5M	58,188	0.03%	-	new	NEW
OREILLY AUTOMOTIVE INC OPT	ORLY	$38.5M	55,633	0.03%	flat	10q	+136.3%+$22.2M
MEDTRONIC PLC OPT	MDT	$38.4M	11,650	0.03%	-0.01pp	28q	-61.3%-$60.7M
LIVE NATION ENTERTAINMENT IN OPT	LYV	$38.2M	options only	0.03%	flat	10q	OPTIONS
DOLLAR GEN CORP OPT	DG	$38.1M	28,045	0.03%	-0.03pp	9q	-61.7%-$61.4M
RUBRIK INC. OPT	RBRK	$38.0M	60,497	0.03%	flat	4q	+1363.0%+$35.4M
HOWMET AEROSPACE INC OPT	HWM	$37.5M	1,188	0.03%	-0.02pp	20q	HELD
OPENDOOR TECHNOLOGIES INC OPT	OPEN	$37.4M	219,310	0.03%	+0.03pp	20q	+116.4%+$20.1M
HUBSPOT INC OPT	HUBS	$36.8M	6,620	0.03%	+0.01pp	11q	+54.2%+$12.9M
COMCAST CORP NEW OPT	CMCSA	$36.5M	161,471	0.03%	flat	28q	+474.7%+$30.1M
AVIS BUDGET GROUP INC OPT	CAR	$36.2M	options only	0.03%	-	new	OPTIONS
APPLIED DIGITAL CORP OPT	APLD	$36.2M	54,044	0.03%	-	new	NEW
WOLFSPEED INC OPT	WOLF	$35.8M	20,368	0.03%	-	new	NEW
EOG RES INC OPT	EOG	$35.6M	options only	0.03%	-0.01pp	2q	OPTIONS
PROSHARES TR OPT	SQQQ	$35.6M	364,532	0.03%	-0.01pp	2q	+35.1%+$9.2M
WARNER BROS DISCOVERY INC OPT	WBD	$35.5M	132,831	0.03%	+0.01pp	14q	+2.7%+$936.7K
ON SEMICONDUCTOR CORP OPT	ON	$35.4M	62,871	0.03%	-0.01pp	18q	+9.8%+$3.1M
VOLATILITY SHS TR OPT	BITX	$35.2M	19,037	0.03%	flat	9q	-16.4%-$6.9M
SOUNDHOUND AI INC OPT	SOUN	$35.1M	103,399	0.03%	+0.01pp	10q	-69.0%-$78.3M
CENTENE CORP DEL OPT	CNC	$35.1M	43,482	0.03%	-	new	NEW
US BANCORP OPT	USB	$35.0M	options only	0.03%	-0.01pp	2q	OPTIONS
SIMON PPTY GROUP INC NEW OPT	SPG	$35.0M	38,153	0.03%	flat	28q	+94.2%+$17.0M
TWILIO INC OPT	TWLO	$34.8M	15,192	0.03%	-0.03pp	12q	-78.0%-$123.6M
OSCAR HEALTH INC OPT	OSCR	$34.7M	30,800	0.02%	flat	6q	-33.6%-$17.5M
NUTANIX INC OPT	NTNX	$34.7M	options only	0.02%	-	new	OPTIONS
AMERICAN TOWER CORP OPT	AMT	$34.5M	5,760	0.02%	-0.01pp	28q	-25.8%-$12.0M
CENCORA INC OPT	COR	$34.4M	options only	0.02%	-	new	OPTIONS
LUMENTUM HLDGS INC OPT	LITE	$34.3M	4,982	0.02%	+0.01pp	7q	+114.6%+$18.3M
AUTODESK INC OPT	ADSK	$34.1M	951	0.02%	-	new	NEW
COUPANG INC OPT	CPNG	$34.0M	103,400	0.02%	flat	2q	+1026.4%+$30.9M
BP PLC OPT	BP	$33.6M	122,968	0.02%	-	new	NEW
PROSHARES TR OPT	QLD	$33.3M	5,104	0.02%	flat	4q	+7.5%+$2.3M
SLB LIMITED OPT	SLB	$33.2M	75,699	0.02%	flat	28q	+43.8%+$10.1M
PROGRESSIVE CORP OPT	PGR	$33.2M	15,948	0.02%	-0.03pp	2q	-39.1%-$21.3M
AMERICAN AIRLINES GROUP INC OPT	AAL	$32.9M	options only	0.02%	-0.01pp	28q	OPTIONS
ENPHASE ENERGY INC OPT	ENPH	$32.7M	6,758	0.02%	-0.02pp	2q	HELD
METTLER TOLEDO INTERNATIONAL OPT	MTD	$32.7M	1,322	0.02%	-	new	NEW
DUKE ENERGY CORP NEW OPT	DUK	$32.6M	21,127	0.02%	-0.01pp	24q	+7.7%+$2.3M
DOCUSIGN INC OPT	DOCU	$32.5M	2,558	0.02%	-0.01pp	2q	HELD
NICE LTD OPT	NICE	$32.4M	33,641	0.02%	flat	16q	+19.2%+$5.2M
DOW HLDGS INC OPT	DOW	$32.2M	173,775	0.02%	-0.01pp	9q	+230.1%+$22.4M
HERSHEY CO OPT	HSY	$32.0M	4,062	0.02%	-0.01pp	16q	-52.9%-$35.9M
ROYAL GOLD INC OPT	RGLD	$31.8M	12,690	0.02%	+0.01pp	14q	+29.5%+$7.2M
DEXCOM INC OPT	DXCM	$31.8M	83,167	0.02%	-0.01pp	24q	+165.0%+$19.8M
CROCS INC OPT	CROX	$31.5M	45,397	0.02%	flat	10q	+206.6%+$21.3M
DECKERS OUTDOOR CORP OPT	DECK	$31.5M	options only	0.02%	-0.02pp	8q	OPTIONS
CORE SCIENTIFIC INC NEW OPT	CORZ	$31.3M	309,397	0.02%	-0.02pp	7q	-20.5%-$8.1M
ATLASSIAN CORPORATION OPT	TEAM	$31.2M	30,130	0.02%	-	new	NEW
PAN AMERN SILVER CORP OPT	PAAS	$31.2M	67,553	0.02%	+0.01pp	28q	+223.3%+$21.6M
COMFORT SYS USA INC OPT	FIX	$31.2M	2,810	0.02%	+0.01pp	11q	+18.3%+$4.8M
CME GROUP INC OPT	CME	$31.0M	4,397	0.02%	-0.01pp	2q	+112.8%+$16.4M
CLEANSPARK INC OPT	CLSK	$30.8M	105,035	0.02%	flat	20q	-13.7%-$4.9M
ONEOK INC NEW OPT	OKE	$30.8M	32,734	0.02%	flat	2q	+219.6%+$21.1M
BANK OF NY MELLON CORP OPT	BNY	$30.6M	11,218	0.02%	-	new	NEW
MODERNA INC OPT	MRNA	$30.6M	options only	0.02%	-	new	OPTIONS
REALTY INCOME CORP OPT	O	$30.6M	15,928	0.02%	flat	27q	+106.0%+$15.8M
HECLA MINING COMPANY OPT	HL	$30.5M	115,529	0.02%	+0.02pp	5q	+302.9%+$23.0M
EMCOR GROUP INC OPT	EME	$30.5M	options only	0.02%	+0.01pp	7q	OPTIONS
AFLAC INC OPT	AFL	$30.4M	options only	0.02%	-	new	OPTIONS
DIREXION SHARES ETF TRUST OPT	TMF	$30.4M	55,600	0.02%	-	new	NEW
QUANTUMSCAPE CORP OPT	QS	$30.2M	644,802	0.02%	+0.01pp	17q	+148.8%+$18.0M
SHELL PLC OPT	SHEL	$30.1M	59,427	0.02%	-0.02pp	2q	+28.4%+$6.7M
BURLINGTON STORES INC OPT	BURL	$30.1M	2,189	0.02%	flat	3q	-77.1%-$101.3M
CARRIER GLOBAL CORPORATION OPT	CARR	$30.1M	69,214	0.02%	+0.01pp	10q	+1220.9%+$27.8M
LEMONADE INC OPT	LMND	$30.0M	12,596	0.02%	-	new	NEW
MKS INC. OPT	MKSI	$30.0M	options only	0.02%	flat	7q	OPTIONS
ISHARES GOLD TR OPT	IAU	$29.8M	77,703	0.02%	flat	2q	+433.8%+$24.3M
CHUBB LIMITED OPT	CB	$29.7M	3,678	0.02%	-0.01pp	19q	-78.9%-$111.0M
SOUTHERN CO OPT	SO	$29.7M	5,680	0.02%	-0.01pp	9q	HELD
ALIGN TECHNOLOGY INC OPT	ALGN	$29.6M	40,258	0.02%	-	new	NEW
FACTSET RESH SYS INC OPT	FDS	$29.6M	13,710	0.02%	+0.02pp	26q	HELD
JABIL INC OPT	JBL	$29.5M	14,741	0.02%	flat	12q	+31.8%+$7.1M
TRANSDIGM GROUP INC OPT	TDG	$29.5M	options only	0.02%	flat	2q	OPTIONS
TENET HEALTHCARE CORP OPT	THC	$29.4M	3,249	0.02%	+0.01pp	9q	-25.2%-$9.9M
CUMMINS INC OPT	CMI	$29.3M	4,244	0.02%	flat	13q	-40.5%-$19.9M
ROCKWELL AUTOMATION INC OPT	ROK	$29.2M	options only	0.02%	flat	19q	OPTIONS
ENERGY TRANSFER L P OPT	ET	$29.2M	445,106	0.02%	-0.01pp	28q	+17.0%+$4.2M
SHARPLINK INC OPT	SBET	$29.1M	205,386	0.02%	+0.02pp	2q	HELD
PROSHARES TR II OPT	AGQ	$29.0M	15,110	0.02%	-	new	NEW
TOLL BROTHERS INC OPT	TOL	$29.0M	11,487	0.02%	flat	10q	+476.4%+$24.0M
MICROCHIP TECHNOLOGY INC. OPT	MCHP	$28.8M	68,432	0.02%	-0.01pp	11q	+158.8%+$17.7M
ISHARES TR OPT	ITB	$28.7M	16,286	0.02%	flat	3q	-16.7%-$5.8M
SOLAREDGE TECHNOLOGIES INC OPT	SEDG	$28.7M	14,013	0.02%	+0.01pp	4q	HELD
FIGMA INC OPT	FIG	$28.7M	24,217	0.02%	-	new	NEW
WINGSTOP INC OPT	WING	$28.6M	6,888	0.02%	-0.01pp	5q	+160.7%+$17.6M
MONDAY COM LTD OPT	MNDY	$28.5M	23,671	0.02%	+0.01pp	10q	+493.1%+$23.7M
HEWLETT PACKARD ENTERPRISE C OPT	HPE	$28.4M	331,494	0.02%	+0.01pp	24q	+292.6%+$21.2M
CIPHER DIGITAL INC OPT	CIFR	$28.3M	300,902	0.02%	+0.02pp	8q	+538.9%+$23.9M
PROLOGIS INC. OPT	PLD	$28.0M	37,649	0.02%	flat	28q	+207.4%+$18.9M
STRIDE INC OPT	LRN	$27.6M	53,638	0.02%	flat	5q	+12.3%+$3.0M
CINTAS CORP OPT	CTAS	$27.5M	1,669	0.02%	-0.01pp	11q	-80.8%-$115.9M
ARCHER DANIELS MIDLAND CO OPT	ADM	$27.4M	21,993	0.02%	-	new	NEW
INTERCONTINENTAL EXCHANGE IN OPT	ICE	$27.4M	options only	0.02%	flat	10q	OPTIONS
FERRARI N V OPT	RACE	$27.3M	10,213	0.02%	flat	4q	+124.0%+$15.1M
CASEYS GEN STORES INC OPT	CASY	$27.3M	1,879	0.02%	flat	4q	HELD
YUM BRANDS INC OPT	YUM	$27.1M	5,927	0.02%	flat	28q	+4.7%+$1.2M
VEEVA SYS INC OPT	VEEV	$27.0M	4,343	0.02%	-0.01pp	6q	+4.2%+$1.1M
GALAXY DIGITAL INC. OPT	GLXY	$26.9M	15,729	0.02%	+0.02pp	2q	-31.1%-$12.2M
LINDE PLC OPT	LIN	$26.9M	5,979	0.02%	flat	11q	+899.8%+$24.2M
PNC FINL SVCS GROUP INC OPT	PNC	$26.6M	6,517	0.02%	-0.01pp	28q	-22.8%-$7.9M
BUILDERS FIRSTSOURCE INC OPT	BLDR	$26.3M	30,410	0.02%	-0.01pp	8q	+34.5%+$6.8M
WILLIAMS COS INC OPT	WMB	$26.2M	options only	0.02%	flat	2q	OPTIONS
CARDINAL HEALTH INC OPT	CAH	$25.9M	options only	0.02%	-	new	OPTIONS
TOAST INC OPT	TOST	$25.9M	40,171	0.02%	-0.01pp	3q	+16.8%+$3.7M
HALLIBURTON CO OPT	HAL	$25.8M	82,380	0.02%	flat	19q	+43.6%+$7.8M

Showing the largest 400 of 2,395 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	$29.7B	21.4%
Software & IT Services	$21.5B	15.5%
Semiconductors & Electronics	$15.9B	11.4%
Autos & Aerospace	$8.9B	6.4%
Banks & Lending	$7.5B	5.4%
Capital Markets	$7.3B	5.3%
Retail & Consumer	$6.8B	4.9%
Business Services	$4.8B	3.5%
Computer Hardware	$4.7B	3.4%
Telecom & Media	$3.8B	2.8%
Insurance	$3.4B	2.4%
Biotech & Pharma	$2.9B	2.1%
Other sectors	$13.4B	9.7%
Not classified	$8.1B	5.8%

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2025	$138.7B	2,395	683	538	515	326	44.4%	45
Q2 2025	$99.3B	2,038	532	378	638	514	48.1%	49
Q1 2025	$85.4B	2,020	324	431	758	587	48.3%	45
Q4 2024	$106.4B	2,283	495	561	578	316	52.6%	45
Q3 2024	$94.8B	2,104	495	427	608	346	54.8%	45
Q2 2024	$95.0B	1,955	428	395	563	425	58.0%	45
Q1 2024	$98.5B	1,952	466	367	661	471	58.9%	45
Q4 2023	$95.7B	1,957	432	417	547	464	58.0%	45
Q3 2023	$97.2B	1,989	485	393	494	404	64.5%	46
Q2 2023	$82.3B	1,908	483	360	484	490	62.0%	54
Q1 2023	$64.4M	1,915	614	295	478	504	57.5%	45
Q4 2022	$66.0M	1,805	449	307	568	702	48.2%	45
Q3 2022	$62.2B	2,058	595	364	546	571	58.8%	45
Q2 2022	$60.3B	2,034	428	361	767	764	60.2%	46
Q1 2022	$77.9B	2,370	635	363	926	663	52.5%	46
Q4 2021	$84.5B	2,398	547	572	866	769	50.7%	45
Q3 2021	$88.4B	2,620	725	634	796	532	48.2%	43
Q2 2021	$64.4B	2,427	598	610	779	602	45.0%	37
Q1 2021	$66.4B	2,431	795	556	676	392	47.8%	44
Q4 2020	$64.0B	2,028	569	490	504	452	48.6%	43
Q3 2020	$41.2B	1,911	426	403	623	464	41.8%	44
Q2 2020	$36.7B	1,949	459	349	697	447	44.1%	44
Q1 2020	$33.1B	1,937	500	342	810	480	43.5%	41
Q4 2019	$41.0B	1,917	565	539	493	445	32.4%	43
Q3 2019	$34.7B	1,797	461	392	577	521	37.9%	45
Q2 2019	$35.2B	1,857	421	369	574	520	38.9%	51
Q1 2019	$34.4B	1,956	617	318	658	508	39.6%	45
Q4 2018	$35.3B	1,847	0	0	0	0	42.2%	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.