Performance vs S&P 500

03
Tracked Q1 2025–Q2 2025 +24.0%
S&P 500 total return (same window) +12.6%
Excess return +11.4%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.4% · Options excluded: 55.4%

Sector breakdown

04
Technology 65.5%
Communication Services 11.4%
Financials 6.8%
Retail 6.7%
Consumer Discretionary 5.3%
Consumer Staples 0.6%
Healthcare 0.5%
Industrials 0.0%
Materials 0.0%
Real Estate 0.0%
Other/Unmapped 3.2%

Full portfolio 683 positions

05
Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $5,416,727,437 21.61% 34,285,255 $4,765,341,961 Up ×2
MSTR Strategy Inc - Class A Common Stock $2,414,049,837 9.63% 5,971,971
MSFT Microsoft Corporation - Common Stock $1,409,938,987 5.63% 2,834,561 $423,977,152 Up ×2
MSFT Microsoft Corporation - Common Stock $1,405,680,660 5.61% 2,826,000 Put option $-8,225,775 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $961,567,414 3.84% 1,302,778 $428,434,414 Up ×1
NVDA NVIDIA Corporation - Common Stock $949,519,900 3.79% 6,010,000 Put option $211,452,100 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $930,157,622 3.71% 6,555,022 $501,731,822 Up ×2
COIN Coinbase Global, Inc. - 3Class A Common Stock $920,954,183 3.67% 2,627,619 $864,979,433 Up ×1
AAPL Apple Inc. - Common Stock $783,163,229 3.12% 3,817,143 $39,560,841 Up ×2
AMZN Amazon.com, Inc. - Common Stock $778,834,500 3.11% 3,550,000 $148,122,600 Up ×2
AMZN Amazon.com, Inc. - Common Stock $778,834,500 3.11% 3,550,000 Put option $148,122,600 Up ×2
AAPL Apple Inc. - Common Stock $768,895,092 3.07% 3,747,600 Put option $25,292,704 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $752,482,755 3.00% 1,019,500 Put option $219,349,755 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $744,975,000 2.97% 5,250,000 Put option $239,494,200 Up ×2
TSLA Tesla, Inc. - Common Stock $661,685,780 2.64% 2,083,000 $609,853,780 Up ×1
TSLA Tesla, Inc. - Common Stock $661,685,780 2.64% 2,083,000 Put option $609,853,780 Up ×1
MSTR Strategy Inc - Class A Common Stock $550,561,260 2.20% 1,362,000 Put option Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $306,665,091 1.22% 1,728,762 $103,597,337 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $295,508,362 1.18% 2,167,755 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $283,788,522 1.13% 1,599,800 Put option $80,720,768 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $270,601,165 1.08% 1,535,500 $33,151,445
GOOGL Alphabet Inc. - Class A Common Stock $270,601,165 1.08% 1,535,500 Put option $-28,704,555 Down ×1
IBIT iShares Bitcoin Trust ETF $223,411,175 0.89% 3,649,913 $215,921,575 Up ×1
IBIT iShares Bitcoin Trust ETF $182,099,750 0.73% 2,975,000 Put option $174,610,150 Up ×1
JPM JP Morgan Chase & Co. Common Stock $166,698,250 0.67% 575,000 $129,903,250 Up ×1
JPM JP Morgan Chase & Co. Common Stock $166,698,250 0.67% 575,000 Put option $129,903,250 Up ×1
SMCI Super Micro Computer, Inc. - Common Stock $158,723,786 0.63% 3,238,600 Up ×1
COIN Coinbase Global, Inc. - 3Class A Common Stock $131,433,750 0.52% 375,000 Put option $75,459,000 Up ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock $116,734,045 0.47% 1,246,759 Up ×1
ORCL Oracle Corporation Common Stock $109,315,000 0.44% 500,000 $39,410,000
ORCL Oracle Corporation Common Stock $109,315,000 0.44% 500,000 Put option $39,410,000
XRT SPDR SERIES TRUST $96,325,000 0.38% 1,250,000 $89,416,000 Up ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $93,510,725 0.37% 192,500 $-9,010,925
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $93,510,725 0.37% 192,500 Put option $-9,010,925
HIMS Hims & Hers Health, Inc. Class A Common Stock $83,581,850 0.33% 1,676,667 Up ×1
PEP PepsiCo, Inc. - Common Stock $75,262,800 0.30% 570,000 $-10,203,000
PEP PepsiCo, Inc. - Common Stock $75,262,800 0.30% 570,000 Put option $-10,203,000
DELL Dell Technologies Inc. Class C Common Stock $61,300,000 0.24% 500,000 $15,725,000
DELL Dell Technologies Inc. Class C Common Stock $61,300,000 0.24% 500,000 Put option $15,725,000
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $58,502,889 0.23% 515,853 Up ×1
GME GameStop Corporation Common Stock $57,433,060 0.23% 2,354,779 Up ×1
AVGO Broadcom Inc. - Common Stock $53,653,067 0.21% 194,642 Up ×1
MSTR Strategy Inc - Class A Common Stock $40,423,000 0.16% 100,000 Call option Up ×1
QQQ Invesco QQQ Trust, Series 1 $28,657,698 0.11% 51,950 $11,239,665 Up ×1
APP Applovin Corporation - Class A Common Stock $24,041,044 0.10% 68,673 Up ×1
KWEB Krane Shares Trust $23,395,895 0.09% 681,500 Call option $5,172,875 Up ×1
NFLX Netflix, Inc. - Common Stock $22,921,888 0.09% 17,117
INTC Intel Corporation - Common Stock $22,310,400 0.09% 996,000 $-308,760
INTC Intel Corporation - Common Stock $22,310,400 0.09% 996,000 Put option $-308,760
TEM Tempus AI, Inc. - Class A Common Stock $21,725,915 0.09% 341,925 Up ×1
LLY Eli Lilly and Company Common Stock $21,008,334 0.08% 26,950 Up ×1
CRM Salesforce, Inc. Common Stock $20,151,791 0.08% 73,900 $4,050,191 Up ×1
ARKK ARK ETF Trust $19,718,383 0.08% 280,529 Up ×1
ETHA iShares Ethereum Trust ETF $19,619,063 0.08% 1,028,792 Up ×1
CRM Salesforce, Inc. Common Stock $16,361,400 0.07% 60,000 Put option $259,800
QBTS D-Wave Quantum Inc. Common Shares $12,473,280 0.05% 852,000 Put option $9,433,280 Up ×1
ARM Arm Holdings plc - American Depositary Shares $11,197,260 0.04% 69,230 Up ×1
SPY SPY $8,284,133 0.03% 13,408 $641,747 Down ×1
QBTS D-Wave Quantum Inc. Common Shares $7,385,485 0.03% 504,473 $6,994,564 Up ×1
MSOS AdvisorShares Trust $6,699,800 0.03% 2,780,000 $-2,135,050 Down ×1
SNOW Snowflake Inc. Common Stock $6,577,943 0.03% 29,396 Up ×1
OBAWU Oxley Bridge Acquisition Limited - Unit $6,349,083 0.03% 634,274 Up ×1
PACHU Pioneer Acquisition I Corp - Units $5,982,540 0.02% 597,955 Up ×1
MCGAU Yorkville Acquisition Corp. - Unit $5,400,000 0.02% 480,000 Up ×1
ADBE Adobe Inc. - Common Stock $4,994,621 0.02% 12,910 Up ×1
XRPNU Armada Acquisition Corp. II - Units $4,911,398 0.02% 481,038 Up ×1
CGCTU Cartesian Growth Corporation III - unit $4,775,545 0.02% 471,426 Up ×1
CGCT Cartesian Growth Corporation III - Class A Ordinary Shares $4,771,023 0.02% 476,150 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $4,471,756 0.02% 5,580 Up ×1
QBTSWS CUSIP: 26740W117 $4,466,493 0.02% 455,300 $2,790,943
LWACU LightWave Acquisition Corp. - Units $4,370,195 0.02% 434,413 Up ×1
CRAQU Cal Redwood Acquisition Corp. - Units $4,304,696 0.02% 419,561 Up ×1
PELI Pelican Acquisition Corporation - Ordinary Shares $4,294,565 0.02% 428,172 Up ×1
CHPG ChampionsGate Acquisition Corporation - Class A Ordinary Share $3,923,020 0.02% 392,302 Up ×1
IPODU Dune Acquisition Corporation II - Units $3,819,512 0.02% 374,462 Up ×1
BLUWU Blue Water Acquisition Corp. III - Unit. $3,641,828 0.01% 363,819 Up ×1
KCHVU Kochav Defense Acquisition Corp. - Units $3,566,338 0.01% 350,500 Up ×1
FIGXU FIGX Capital Acquisition Corp. - Units $3,502,246 0.01% 349,700 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $3,469,374 0.01% 15,318 Up ×1
FGMC FG Merger II Corp. - Common stock $3,306,925 0.01% 334,709 $-4,391,898 Down ×1
BACCU Blue Acquisition Corp. - Unit $3,286,945 0.01% 327,385 Up ×1
BSAAU BEST SPAC I Acquisition Corp. - Unit $3,235,521 0.01% 322,263 Up ×1
OYSEU Oyster Enterprises II Acquisition Corp - Units $3,137,645 0.01% 310,044 Up ×1
GLD SPDR Gold Shares $2,640,742 0.01% 8,663 Up ×1
EGHAU EGH Acquisition Corp. - Unit $2,580,709 0.01% 253,259 Up ×1
AXINU Axiom Intelligence Acquisition Corp 1 - Units $2,538,826 0.01% 251,618 Up ×1
UCFI CN Healthy Food Tech Group Corp. - Common Stock $2,502,976 0.01% 242,419 $1,388,879 Up ×2
EURK Eureka Acquisition Corp - Class A Ordinary Share $2,282,606 0.01% 218,955 Up ×1
HLXB CUSIP: G4444H101 $2,184,173 0.01% 205,666 Up ×1
COPLU CUSIP: G24243118 $2,165,622 0.01% 214,418 Up ×1
SPY SPY $2,162,475 0.01% 3,500 Call option Up ×1
SPY SPY $2,162,475 0.01% 3,500 Put option Up ×1
FGMCU FG Merger II Corp. - Unit $1,976,218 0.01% 195,433 $1,821,385 Up ×1
NPAC New Providence Acquisition Corp. III - Ordinary Shares $1,970,528 0.01% 193,189 Up ×1
TVAIU Thayer Ventures Acquisition Corporation II - Unit $1,949,826 0.01% 191,912 Up ×1
CHAC Crane Harbor Acquisition Corp. - Class A Ordinary Shares $1,822,297 0.01% 180,963 Up ×1
DRDB Roman DBDR Acquisition Corp. II - Ordinary shares $1,740,328 0.01% 168,800 $1,737,219 Up ×1
RTAC Renatus Tactical Acquisition Corp I - Class A Ordinary Shares $1,720,369 0.01% 145,794 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $1,656,152 0.01% 8,093 Up ×1
PYPL PayPal Holdings, Inc. - Common Stock $1,620,919 0.01% 21,810

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
MSTR $2,414,049,837 5,971,971 9.63%
MSTR $550,561,260 1,362,000 2.20%
PLTR $295,508,362 2,167,755 1.18%
SMCI $158,723,786 3,238,600 0.63%
HOOD $116,734,045 1,246,759 0.47%
HIMS $83,581,850 1,676,667 0.33%
BABA $58,502,889 515,853 0.23%
GME $57,433,060 2,354,779 0.23%
AVGO $53,653,067 194,642 0.21%
MSTR $40,423,000 100,000 0.16%
APP $24,041,044 68,673 0.10%
NFLX $22,921,888 17,117 0.09%
TEM $21,725,915 341,925 0.09%
LLY $21,008,334 26,950 0.08%
ARKK $19,718,383 280,529 0.08%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AMD Bought more +2.4M +$501.7M
META Bought more +378K +$428.4M
MSFT Bought more +208K +$424.0M
AMD Bought more +330K +$239.5M
META Bought more +94K +$219.3M
NVDA Trimmed -800K +$211.5M
AMZN Bought more +235K +$148.1M
AMZN Bought more +235K +$148.1M
JPM Bought more +425K +$129.9M
JPM Bought more +425K +$129.9M

6 positions hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
DIS June 30, 2025 1,000,000 $98,700,000 -17.5%
MLGO (filed as MLGOXXXX) June 30, 2025 108,600 $2,633,550 -79.2%
LOKVU June 30, 2025 161,425 $1,627,164 No longer tracked
BSII June 30, 2025 111,742 $1,129,712 No longer tracked
A105PS June 30, 2025 54,437 $1,067,510 No longer tracked
GBBK June 30, 2025 54,614 $628,607 No longer tracked
YOTA June 30, 2025 61,092 $610,920 No longer tracked
DNQAF June 30, 2025 29,843 $363,488 No longer tracked
SKGR June 30, 2025 25,871 $315,626 No longer tracked
AIMTF June 30, 2025 24,990 $303,379 No longer tracked
AITR June 30, 2025 25,504 $279,779 No longer tracked
MSSAF June 30, 2025 20,836 $258,158 No longer tracked
RIBBU June 30, 2025 25,000 $257,500 9.5%
BZAI June 30, 2025 90,697 $183,208 -85.2%
HCVI June 30, 2025 15,491 $168,542 No longer tracked
TDACU June 30, 2025 15,918 $161,409 17.0%
CHEBU June 30, 2025 13,663 $139,499 No longer tracked
IVCAF June 30, 2025 9,309 $112,080 No longer tracked
BEAGU June 30, 2025 9,771 $100,837 5.3%
DECAU June 30, 2025 8,181 $96,863 No longer tracked
BSIIW June 30, 2025 382,083 $84,058 No longer tracked
HCVIW June 30, 2025 528,150 $79,223 No longer tracked
RENEF June 30, 2025 6,298 $74,694 No longer tracked
NAKAW June 30, 2025 212,522 $74,404 No longer tracked
BUJAR June 30, 2025 248,524 $64,591 No longer tracked
CRON June 30, 2025 35,008 $63,364 73.4%
GLACR June 30, 2025 275,441 $60,625 No longer tracked
GLACU June 30, 2025 5,143 $56,573 No longer tracked
IROHU June 30, 2025 4,505 $53,610 No longer tracked
YOTAU June 30, 2025 4,928 $51,892 No longer tracked
MDCXW June 30, 2025 65,723 $46,006 -88.0%
BSIIU June 30, 2025 4,343 $44,255 No longer tracked
FOXX June 30, 2025 8,800 $42,152 -54.3%
IVCAU June 30, 2025 3,360 $38,808 No longer tracked
AITRR June 30, 2025 224,328 $34,771 No longer tracked
CLRRF June 30, 2025 158,641 $34,711 No longer tracked
FTW June 30, 2025 3,227 $32,657 -7.6%
YOTAR June 30, 2025 201,144 $32,384 No longer tracked
YOTAW June 30, 2025 572,163 $31,297 No longer tracked
GBBKR June 30, 2025 299,504 $29,651 No longer tracked
BUJA June 30, 2025 2,447 $28,434 No longer tracked
AITRU June 30, 2025 2,409 $26,740 No longer tracked
UP June 30, 2025 25,900 $26,159 214.0%
SKGRW June 30, 2025 39,721 $25,819 No longer tracked
JVSAU June 30, 2025 2,277 $25,275 No longer tracked
MSSAR June 30, 2025 297,377 $23,523 No longer tracked
RENEU June 30, 2025 1,905 $22,269 No longer tracked
APCXW June 30, 2025 120,708 $21,414 No longer tracked
CEP June 30, 2025 1,705 $18,312 No longer tracked
VSTEW June 30, 2025 534,515 $18,120 No longer tracked
ALDFU June 30, 2025 1,741 $17,845 -0.9%
VRMEW June 30, 2025 363,855 $16,301 No longer tracked
MSSAU June 30, 2025 1,397 $15,311 No longer tracked
ETHM June 30, 2025 1,359 $13,518 No longer tracked
MLWS June 30, 2025 47,500 $12,588 No longer tracked
CLRCU June 30, 2025 992 $11,904 No longer tracked
MKDW June 30, 2025 35,729 $10,629 588.1%
HYMC June 30, 2025 3,000 $9,720 489.3%
BUJAW June 30, 2025 252,847 $8,875 No longer tracked
DECAW June 30, 2025 132,600 $7,850 No longer tracked
GBBKW June 30, 2025 241,732 $7,252 No longer tracked
GATEW June 30, 2025 40,498 $6,480 No longer tracked
AIMWF June 30, 2025 82,951 $6,445 No longer tracked
MLEC June 30, 2025 11,075 $6,202 -23.8%
HPAI June 30, 2025 1,000 $5,880 -93.7%
LDTDF June 30, 2025 91,721 $5,558 No longer tracked
APVO June 30, 2025 2,800 $3,248 -42.0%
CLIK June 30, 2025 1,050 $2,835 -91.5%
RENEW June 30, 2025 36,789 $2,590 No longer tracked
GLACF June 30, 2025 229 $2,482 No longer tracked
MSSWF June 30, 2025 199,621 $2,455 No longer tracked
PITAW June 30, 2025 219,749 $2,219 No longer tracked
ZCARW June 30, 2025 143,440 $1,979 No longer tracked
MFI June 30, 2025 3,000 $1,800 -80.7%
HOND June 30, 2025 165 $1,736 No longer tracked
ECDA June 30, 2025 2,111 $1,240 No longer tracked
BRLS June 30, 2025 184 $1,198 -65.4%
IVAWF June 30, 2025 57,500 $1,150 No longer tracked
F June 30, 2025 100 $1,003 11.6%
CLRCW June 30, 2025 32,839 $982 No longer tracked
OCEAW June 30, 2025 33,809 $903 No longer tracked
CLRCF June 30, 2025 59 $709 No longer tracked
JVSA June 30, 2025 59 $632 No longer tracked
CEPO June 30, 2025 46 $471 -9.7%
ACCS June 30, 2025 42 $371 No longer tracked
ZAPWF June 30, 2025 29,100 $256 No longer tracked
MVSTW June 30, 2025 200 $37 No longer tracked
SCPX June 30, 2025 200 $28 No longer tracked
WGSWW June 30, 2025 100 $21 No longer tracked
DAVEW June 30, 2025 100 $19
EUDAW June 30, 2025 100 $12
BCTXW June 30, 2025 100 $10 No longer tracked
GTI June 30, 2025 100 $10 No longer tracked
OUSTZ June 30, 2025 100 $8 No longer tracked
NIXXW June 30, 2025 137 $5 No longer tracked
RCKTW June 30, 2025 100 $5 No longer tracked
VLNWS June 30, 2025 100 $5 No longer tracked
RVMDW June 30, 2025 100 $4
EZRAW June 30, 2025 100 $2 No longer tracked
TRNR June 30, 2025 1 $1 -99.5%
XOSWW June 30, 2025 100 $1 No longer tracked