Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (48 quarters reported)
$116M in Q4 2014 → $3.1B now. Hover for any quarter.
As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| IQ Invesco Qqq Tr Put | 23.3% | Trimmed 32% | 978,700 | $724M |
| TS Taiwan Semiconductor Manufac | 7.5% | Added 22% | 507,110 | $231M |
| SG SPDR Gold Tr Call | 7.3% | Trimmed 2.7% | 591,600 | $225M |
| EG Eldorado Gold Corp New | 6.4% | Added 32% | 5,149,668 | $198M |
| IU Itau Unibanco Hldg S A | 6.0% | Added 125% | 21,715,203 | $185M |
| AG Alibaba Group Hldg Ltd Call | 5.9% | Added 18% | 1,699,300 | $183M |
| AG Alibaba Group Hldg Ltd | 5.5% | Added 217% | 1,587,270 | $171M |
| IT Ishares Tr Put | 5.2% | Trimmed 70% | 2,427,000 | $162M |
| Sea Ltd | 3.9% | Trimmed 16% | 1,234,958 | $120M |
| IS Ishares Silver Tr Call | 3.8% | New | 2,189,800 | $119M |
| GH Gds Hldgs Ltd | 3.5% | Added 4.1% | 3,434,200 | $107M |
| PB Petroleo Brasileiro S A | 2.7% | Trimmed 25% | 4,057,844 | $84.7M |
| AT Ase Technology Hldg Co Ltd | 2.1% | New | 1,464,677 | $65.1M |
| IB Icici Bk Ltd | 2.1% | Trimmed 34% | 2,321,873 | $64M |
| Bp PLC | 1.9% | New | 1,347,372 | $59.3M |
| I Ishares Inc Call | 1.7% | New | 295,700 | $54M |
| Shell PLC | 1.7% | New | 567,748 | $54M |
| Micron Technology Inc Put | 1.5% | New | 43,000 | $45.8M |
| ES Embraer S.a. | 1.0% | Trimmed 80% | 403,071 | $30.4M |
| CH Copa Holdings Sa | 1.0% | Trimmed 43% | 226,475 | $29.9M |
| IT Ishares Tr | 0.9% | New | 376,785 | $29.3M |
| KT Kraneshares Trust Call | 0.9% | Trimmed 59% | 1,115,000 | $27.3M |
| Intel Corp | 0.8% | New | 197,123 | $23.7M |
| VE Vaneck ETF Trust | 0.7% | New | 252,819 | $22.2M |
| NS Nxp Semiconductors N V | 0.5% | New | 71,483 | $17M |
| TS Tenaris S A | 0.5% | Added 4.9% | 291,886 | $16.1M |
| ML Makemytrip Limited Mauritius | 0.5% | Added 53% | 339,484 | $16M |
| AS Arcelormittal Sa Luxembourg | 0.5% | New | 222,440 | $14.8M |
| Halliburton Co | 0.5% | Trimmed 39% | 442,069 | $14.1M |
| Vnet Group Inc | 0.3% | Unchanged | 1,467,195 | $8.14M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 20, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −5,600,800 | −$374M | 5.2% |
| IQ Invesco Qqq Tr | Trimmed | −465,300 | −$344M | 23.3% |
| ES Embraer S.a. | Trimmed | −1,626,695 | −$123M | 1.0% |
| IS Ishares Silver Tr | New | +2,189,800 | +$119M | 3.8% |
| AG Alibaba Group Hldg Ltd | Added | +1,087,110 | +$117M | 5.5% |
| IU Itau Unibanco Hldg S A | Added | +12,072,197 | +$103M | 6.0% |
| GF Grupo Financiero Galicia S.a | Exited | −1,360,220 | −$68.1M | — |
| AT Ase Technology Hldg Co Ltd | New | +1,464,677 | +$65.1M | 2.1% |
| AH Asml Hldg Nv | Exited | −32,056 | −$63.8M | — |
| US United Sts Oil Fd LP | Exited | −596,800 | −$63.5M | — |
Showing the 10 largest of 39 changes.
quarter ended June 30, 2026 · filed July 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | Trimmed | −1,033,800 | −$761M | 29.4% |
| IT Ishares Tr | New | +8,027,800 | +$549M | 15.2% |
| IS Ishares Silver Tr | Exited | −2,627,200 | −$179M | — |
| SG SPDR Gold Tr | Added | +472,200 | +$174M | 6.2% |
| Sea Ltd | New | +1,466,148 | +$141M | 3.9% |
| AG Alibaba Group Hldg Ltd | Added | +1,075,200 | +$103M | 3.8% |
| IU Itau Unibanco Hldg S A | Trimmed | −10,800,127 | −$88.2M | 2.2% |
| PB Petroleo Brasileiro S A | New | +5,411,909 | +$87.5M | 2.4% |
| AG Alibaba Group Hldg Ltd | Trimmed | −833,910 | −$80M | 1.3% |
| TS Taiwan Semiconductor Manufac | Trimmed | −144,324 | −$68.9M | 5.5% |
Showing the 10 largest of 37 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | Added | +2,014,600 | +$1.16B | 42.9% |
| IT Ishares Tr | Exited | −3,940,000 | −$216M | — |
| IU Itau Unibanco Hldg S A | New | +20,443,133 | +$171M | 5.1% |
| KT Kraneshares Trust | Trimmed | −4,974,300 | −$141M | 1.6% |
| AG Alibaba Group Hldg Ltd | Added | +1,025,431 | +$129M | 5.0% |
| Sea Ltd | Exited | −843,557 | −$108M | — |
| ES Embraer S.a. | Added | +1,741,411 | +$103M | 5.1% |
| Teck Resources Ltd | Exited | −2,063,912 | −$98.8M | — |
| DE Dbx ETF Tr | Trimmed | −2,647,900 | −$86.4M | 1.3% |
| NH Nu Hldgs Ltd | Exited | −4,942,239 | −$82.7M | — |
Showing the 10 largest of 45 changes.
quarter ended December 31, 2025 · filed February 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | New | +463,200 | +$285M | 10.8% |
| KT Kraneshares Trust | New | +6,833,500 | +$233M | 8.8% |
| IT Ishares Tr | New | +3,940,000 | +$216M | 8.2% |
| TS Taiwan Semiconductor Mfg Ltd | Added | +392,127 | +$119M | 6.8% |
| IS Ishares Silver Tr | Trimmed | −1,666,600 | −$107M | 8.2% |
| Teck Resources Ltd | New | +2,063,912 | +$98.8M | 3.7% |
| DE Dbx ETF Tr | Trimmed | −2,884,800 | −$94.8M | 5.0% |
| TS Taiwan Semiconductor Mfg Ltd | Trimmed | −292,000 | −$88.7M | 1.3% |
| Anglogold Ashanti PLC | Trimmed | −1,005,768 | −$85.8M | 0.3% |
| NH Nu Hldgs Ltd | New | +4,942,239 | +$82.7M | 3.1% |
Showing the 10 largest of 37 changes.
quarter ended September 30, 2025 · filed November 20, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Icici Bank Limited | New | +4,002,553 | +$121M | 7.1% |
| TS Taiwan Semiconductor Mfg Ltd | New | +405,100 | +$113M | 6.7% |
| DE Dbx ETF Tr | Added | +3,003,000 | +$99M | 13.3% |
| IT Ishares Tr | Exited | −1,995,000 | −$96.2M | — |
| SG SPDR Gold Tr | New | +259,000 | +$92.1M | 5.4% |
| IS Ishares Silver Tr | Added | +1,373,900 | +$58.2M | 12.5% |
| CH Copa Holdings Sa | Exited | −512,143 | −$56.3M | — |
| YC Yum China Hldgs Inc | Exited | −1,092,990 | −$48.9M | — |
| ES Embraer S.a. | Trimmed | −795,139 | −$48.1M | 4.2% |
| Credicorp Ltd | Exited | −213,806 | −$47.8M | — |
Showing the 10 largest of 37 changes.
quarter ended June 30, 2025 · filed August 05, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −5,769,700 | −$278M | 7.0% |
| IS Ishares Silver Tr | New | +3,647,500 | +$120M | 8.7% |
| ES Embraer S.a. | New | +1,973,790 | +$112M | 8.2% |
| Icici Bank Limited | Exited | −2,581,585 | −$81.4M | — |
| PB Petroleo Brasileiro Sa Petro | Exited | −4,516,382 | −$64.8M | — |
| Freeport-mcmoran Inc | New | +1,349,063 | +$58.5M | 4.3% |
| TS Taiwan Semiconductor Mfg Ltd | New | +258,001 | +$58.4M | 4.3% |
| YC Yum China Hldgs Inc | New | +1,092,990 | +$48.9M | 3.6% |
| EG Eldorado Gold Corp New | Trimmed | −2,174,819 | −$44.2M | 6.7% |
| Las Vegas Sands Corp | New | +961,827 | +$41.8M | 3.1% |
Showing the 10 largest of 34 changes.
quarter ended March 31, 2025 · filed May 02, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +3,361,400 | +$147M | 24.8% |
| ES Embraer S.a. | Exited | −2,670,740 | −$98M | — |
| Anglogold Ashanti PLC | Trimmed | −2,118,234 | −$78.6M | 3.6% |
| TS Taiwan Semiconductor Mfg Ltd | Exited | −383,886 | −$75.8M | — |
| AG Alibaba Group Hldg Ltd | New | +558,973 | +$73.9M | 5.4% |
| NO New Oriental Ed & Technology | Exited | −1,042,689 | −$66.9M | — |
| PB Petroleo Brasileiro Sa Petro | New | +4,516,382 | +$64.8M | 4.7% |
| Apple Inc | Exited | −197,500 | −$49.5M | — |
| Teck Resources Ltd | New | +1,275,810 | +$46.5M | 3.4% |
| FE Fomento Economico Mexicano S | Exited | −543,167 | −$46.4M | — |
Showing the 10 largest of 33 changes.
quarter ended December 31, 2024 · filed February 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +4,403,300 | +$184M | 15.4% |
| DE Dbx ETF Tr | New | +4,357,700 | +$115M | 9.6% |
| AG Alibaba Group Hldg Ltd | Exited | −724,856 | −$76.9M | — |
| Anglogold Ashanti PLC | Added | +2,177,783 | +$50.3M | 6.7% |
| Apple Inc | New | +197,500 | +$49.5M | 4.1% |
| VE Vaneck ETF Trust | Exited | −1,081,695 | −$43.1M | — |
| Pdd Holdings Inc | Trimmed | −387,740 | −$37.6M | 0.5% |
| KH Ke Hldgs Inc | New | +1,745,724 | +$32.2M | 2.7% |
| ES Embraer S.a. | Added | +866,919 | +$31.8M | 8.2% |
| Jd.com Inc | New | +827,951 | +$28.7M | 2.4% |
Showing the 10 largest of 27 changes.
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