Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (55 quarters reported)
$1.41B in Q4 2012 → $3.23B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| IS Ishares Silver Tr Call | 11.1% | Trimmed 54% | 6,677,000 | $357M |
| Nvidia Corporation Put | 6.7% | Added 626% | 1,085,600 | $217M |
| Nvidia Corporation | 6.1% | Added 1427% | 983,993 | $197M |
| SG SPDR Gold Tr Put | 5.8% | Added 0.6% | 505,800 | $186M |
| IS Ishares Silver Tr Put | 4.7% | Trimmed 72% | 2,862,500 | $153M |
| SS State Str SPDR S&P 500 ETF T Put | 4.1% | Trimmed 67% | 179,200 | $134M |
| Tesla Inc | 3.9% | Added 381% | 300,827 | $127M |
| IQ Invesco Qqq Tr Put | 3.9% | Added 288% | 170,100 | $125M |
| SG SPDR Gold Tr Call | 3.2% | Trimmed 7.2% | 277,200 | $102M |
| Tesla Inc Call | 3.0% | Trimmed 30% | 229,300 | $96.4M |
| VE Vaneck ETF Trust Put | 2.8% | Added 169% | 320,600 | $89.8M |
| Alphabet Inc | 2.6% | Added 26597% | 232,527 | $83.1M |
| Alphabet Inc Put | 2.5% | New | 230,000 | $82.2M |
| TS Taiwan Semiconductor Manufac Put | 2.3% | Added 39150% | 157,000 | $75M |
| TS Taiwan Semiconductor Manufac | 2.2% | Added 300574% | 150,337 | $71.8M |
| IB Ishares Bitcoin Trust ETF Put | 2.2% | Trimmed 36% | 2,144,200 | $71.4M |
| Meta Platforms Inc | 2.1% | Added 12542% | 121,114 | $68.2M |
| Meta Platforms Inc Put | 2.1% | Added 11900% | 120,000 | $67.6M |
| Tesla Inc Put | 2.0% | Added 6100% | 155,000 | $65.2M |
| Amazon Com Inc | 1.6% | Added 5557% | 222,872 | $53.1M |
| Amazon Com Inc Put | 1.6% | Added 7233% | 220,000 | $52.4M |
| Bloom Energy Corp | 1.5% | Added 3.1% | 154,951 | $46.9M |
| Micron Technology Inc Put | 1.4% | Added 1865% | 39,300 | $45.4M |
| SS State Str SPDR S&P 500 ETF T | 1.3% | Added 81% | 57,541 | $43M |
| IB Ishares Bitcoin Trust ETF Call | 1.3% | Added 17% | 1,282,600 | $42.7M |
| Microsoft Corp Put | 1.3% | Trimmed 44% | 112,000 | $41.8M |
| Microsoft Corp | 1.3% | Trimmed 46% | 111,987 | $41.8M |
| SS State Str SPDR S&P 500 ETF T Call | 1.3% | Trimmed 87% | 55,800 | $41.7M |
| SE Space Exploration Techn Corp Call | 0.8% | New | 149,200 | $25.5M |
| VE Vaneck ETF Trust Call | 0.6% | Added 10433% | 31,600 | $20.7M |
| Micron Technology Inc | 0.6% | Added 2966% | 17,417 | $20.1M |
| Pagaya Technologies Ltd Put | 0.5% | Unchanged | 876,400 | $16M |
| Apple Inc Put | 0.5% | New | 55,000 | $15.9M |
| Apple Inc | 0.5% | Added 4739% | 54,342 | $15.7M |
| VE Vaneck ETF Trust | 0.5% | Added 98% | 202,219 | $15.3M |
| NG Nebius Group N.v. Put | 0.4% | New | 43,800 | $12.1M |
| Microsoft Corp Call | 0.4% | Added 144% | 31,000 | $11.6M |
| SE Space Exploration Techn Corp Put | 0.3% | New | 61,000 | $10.4M |
| IT Ishares Tr Put | 0.3% | Added 1056% | 116,800 | $10.1M |
| I Ishares Inc Call | 0.3% | New | 100,000 | $9.33M |
| Iren Limited Put | 0.2% | Added 1129% | 175,800 | $8.04M |
| Warner Bros Discovery Inc Put | 0.2% | Trimmed 18% | 279,600 | $7.45M |
| SG SPDR Gold Tr | 0.2% | Trimmed 75% | 19,055 | $7.02M |
| I Ishares Inc Call | 0.2% | Unchanged | 200,000 | $6.9M |
| Pdd Holdings Inc Call | 0.2% | Added 51% | 85,700 | $6.54M |
| Iren Limited Call | 0.2% | Added 914% | 140,000 | $6.4M |
| Pdd Holdings Inc Put | 0.2% | Trimmed 44% | 82,500 | $6.29M |
| Unitedhealth Group Inc Call | 0.2% | Added 900% | 15,000 | $6.23M |
| Jd.com Inc Put | 0.2% | Trimmed 6.3% | 220,300 | $5.61M |
| KT Kraneshares Trust Call | 0.1% | Trimmed 25% | 196,500 | $4.81M |
| Strategy Inc Put | 0.1% | Trimmed 58% | 55,000 | $4.78M |
| IT Ishares Tr Call | 0.1% | New | 150,300 | $4.76M |
| Strategy Inc | 0.1% | Trimmed 52% | 53,956 | $4.69M |
| NG Nebius Group N.v. | 0.1% | New | 16,693 | $4.61M |
| Wolfspeed Inc Call | 0.1% | Added 102% | 95,200 | $4.59M |
| US United Sts Oil Fd LP | 0.1% | Added 244% | 42,797 | $4.56M |
| Sandisk Corp Put | 0.1% | New | 2,000 | $4.55M |
| Advanced Micro Devices Inc Put | 0.1% | Added 24% | 7,700 | $4.47M |
| IB Ishares Bitcoin Trust ETF | 0.1% | Trimmed 46% | 123,925 | $4.13M |
| NG Nebius Group N.v. Call | 0.1% | New | 14,300 | $3.95M |
Showing top 60 of 278 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IS Ishares Silver Tr | Trimmed | −7,759,600 | −$415M | 11.1% |
| IS Ishares Silver Tr | Trimmed | −7,214,400 | −$386M | 4.7% |
| SS State Str SPDR S&P 500 ETF T | Trimmed | −381,500 | −$285M | 1.3% |
| SS State Str SPDR S&P 500 ETF T | Trimmed | −370,800 | −$277M | 4.1% |
| Nvidia Corporation | Added | +936,000 | +$187M | 6.7% |
| Nvidia Corporation | Added | +919,566 | +$184M | 6.1% |
| Tesla Inc | Added | +238,341 | +$100M | 3.9% |
| IQ Invesco Qqq Tr | Added | +126,300 | +$93M | 3.9% |
| Alphabet Inc | Added | +231,656 | +$82.8M | 2.6% |
| Alphabet Inc | New | +230,000 | +$82.2M | 2.5% |
Showing the 10 largest of 327 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T | Added | +509,600 | +$331M | 9.7% |
| IS Ishares Silver Tr | Trimmed | −4,602,500 | −$314M | 18.7% |
| SS State Str SPDR S&P 500 ETF T | Added | +425,700 | +$277M | 7.7% |
| IS Ishares Silver Tr | Trimmed | −3,805,500 | −$259M | 26.8% |
| SG SPDR Gold Tr | Added | +390,500 | +$168M | 5.9% |
| Nvidia Corporation | Trimmed | −650,100 | −$113M | 0.7% |
| Nvidia Corporation | Trimmed | −641,237 | −$112M | 0.3% |
| Tesla Inc | Trimmed | −289,700 | −$108M | — |
| Apple Inc | Exited | −256,000 | −$69.6M | — |
| IB Ishares Bitcoin Trust ETF | Added | +1,674,700 | +$64.3M | 3.5% |
Showing the 10 largest of 399 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IS Ishares Silver Tr | Added | +12,981,000 | +$836M | 26.6% |
| IS Ishares Silver Tr | Added | +9,939,400 | +$640M | 21.4% |
| Nvidia Corporation | Added | +704,000 | +$131M | 3.4% |
| Nvidia Corporation | Added | +701,519 | +$131M | 3.0% |
| IB Ishares Bitcoin Trust ETF | Added | +1,637,000 | +$81.3M | 1.9% |
| Tesla Inc | Added | +173,200 | +$77.9M | 3.0% |
| Apple Inc | New | +246,481 | +$67M | 1.5% |
| Apple Inc | Added | +239,500 | +$65.1M | 1.6% |
| Alphabet Inc | New | +180,000 | +$56.5M | 1.3% |
| Alphabet Inc | Added | +178,500 | +$56M | 1.3% |
Showing the 10 largest of 386 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IS Ishares Silver Tr | Added | +5,009,500 | +$212M | 15.3% |
| IS Ishares Silver Tr | Added | +4,612,500 | +$195M | 13.8% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −241,000 | −$161M | 0.2% |
| Tesla Inc | Added | +251,300 | +$112M | 7.7% |
| Wolfspeed Inc | New | +3,123,400 | +$89.3M | 6.1% |
| SG SPDR Gold Tr | Trimmed | −166,300 | −$59.1M | 4.6% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −67,756 | −$45.1M | 0.5% |
| SG SPDR Gold Tr | New | +100,549 | +$35.7M | 2.5% |
| Tesla Inc | Trimmed | −66,000 | −$29.4M | 3.6% |
| Amazon Com Inc | Added | +99,800 | +$21.9M | 1.7% |
Showing the 10 largest of 340 changes.
quarter ended June 30, 2025 · filed August 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Nvidia Corporation | Trimmed | −503,220 | −$79.5M | 0.1% |
| Nvidia Corporation | Trimmed | −455,000 | −$71.9M | 1.7% |
| SG SPDR Gold Tr | Added | +234,600 | +$71.5M | 13.0% |
| SS SPDR S&P 500 ETF Tr | Added | +65,854 | +$40.7M | 5.9% |
| Tesla Inc | Added | +127,600 | +$40.5M | 7.0% |
| VE Vaneck ETF Trust | Trimmed | −152,800 | −$25.7M | 0.2% |
| SG SPDR Gold Tr | Added | +70,000 | +$21.3M | 4.2% |
| VE Vaneck ETF Trust | Trimmed | −59,500 | −$16.6M | 0.3% |
| SS SPDR S&P 500 ETF Tr | Added | +26,000 | +$16.1M | 18.1% |
| SS Select Sector SPDR Tr | Trimmed | −163,900 | −$14.4M | — |
Showing the 10 largest of 384 changes.
quarter ended March 31, 2025 · filed May 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| M Microstrategy Inc | Trimmed | −416,456 | −$120M | 0.2% |
| M Microstrategy Inc | Trimmed | −372,300 | −$107M | 0.8% |
| Microsoft Corp | Trimmed | −200,200 | −$75.2M | 0.1% |
| Microsoft Corp | Trimmed | −195,500 | −$73.4M | 0.2% |
| US United States Stl Corp New | Trimmed | −1,612,300 | −$68.1M | 0.6% |
| AG Alibaba Group Hldg Ltd | Trimmed | −511,300 | −$67.6M | 1.8% |
| IT Ishares Tr | Exited | −1,519,600 | −$63.5M | — |
| AG Alibaba Group Hldg Ltd | Trimmed | −462,328 | −$61.1M | 1.3% |
| BA Bank America Corp | Trimmed | −1,418,700 | −$59.2M | 1.7% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −92,292 | −$51.6M | 1.0% |
Showing the 10 largest of 411 changes.
quarter ended December 31, 2024 · filed February 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| M Microstrategy Inc | Added | +362,600 | +$105M | 6.2% |
| M Microstrategy Inc | Added | +347,197 | +$101M | 6.7% |
| Microsoft Corp | Added | +198,690 | +$83.7M | 4.6% |
| Microsoft Corp | Added | +194,700 | +$82.1M | 4.7% |
| SS SPDR S&P 500 ETF Tr | Added | +99,811 | +$58.5M | 3.4% |
| Tesla Inc | Added | +139,400 | +$56.3M | 3.4% |
| AG Alibaba Group Hldg Ltd | Added | +588,200 | +$49.9M | 2.8% |
| AG Alibaba Group Hldg Ltd | Added | +524,327 | +$44.5M | 2.5% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −53,900 | −$31.6M | 5.1% |
| Citigroup Inc | Exited | −496,350 | −$31.1M | — |
Showing the 10 largest of 359 changes.
quarter ended September 30, 2024 · filed November 07, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Trimmed | −141,961 | −$81.5M | 0.3% |
| Apple Inc | Trimmed | −206,600 | −$48.1M | 0.3% |
| IQ Invesco Qqq Tr | Trimmed | −95,000 | −$46.4M | 3.3% |
| Apple Inc | Trimmed | −197,862 | −$46.1M | 0.3% |
| SH Siriusxm Holdings Inc | New | +744,300 | +$17.6M | 1.6% |
| SH Siriusxm Holdings Inc | New | +670,200 | +$15.9M | 1.4% |
| Pdd Holdings Inc | Trimmed | −110,300 | −$14.9M | 2.7% |
| Nvidia Corporation | Added | +121,300 | +$14.7M | 1.7% |
| Pdd Holdings Inc | Trimmed | −106,974 | −$14.4M | 0.3% |
| IS Ishares Silver Tr | Trimmed | −448,700 | −$12.7M | 0.9% |
Showing the 10 largest of 344 changes.
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