Portfolio — Q4 2024
Reported Book
$5.5B
13F value · -18% QoQ
Positions
24
+1 vs Q3 2024
Top 10
83.2%
of reported book
In Dimetrics Coverage
56.5%
of reported book
Reported book is the value of 13F-reportable US positions as filed — not the manager's total assets under management, which include cash, debt, non-US and private holdings.
Book structure
Long 100.0%
Long $5.5B· 24 lines
Reported book structure — not net exposure. 13F reports options at the notional value of the underlying, with no strike, expiry, or premium. Delta is unknowable. This describes what was filed.
Reported book by group
PutsLongCallsNotes
Hyperscalers
33.4%
$1.9B
Custom Silicon
19.0%
$1.1B
Lithography & Fab Tools
1.8%
$99.6M
AI Networking
1.4%
$77.4M
Memory
0.9%
$51.7M
Filed value by group, split by line type. Option lines are shown at the notional value of the underlying — a put bar is not exposure to that group, it is a position filed against it.
Holdings — 24 positions
| Ticker | Security | Line | Value | Weight | Group | Coverage |
|---|---|---|---|---|---|---|
| META | META PLATFORMS INC | Long | $1.1B | 19.45% | Hyperscalers | Covered |
| NVDA | NVIDIA CORPORATION | Long | $1.1B | 19.00% | Custom Silicon | Covered |
| SNOW | SNOWFLAKE INC | Long | $768.7M | 13.86% | — | Outside |
| MSFT | MICROSOFT CORP | Long | $418.8M | 7.55% | Hyperscalers | Covered |
| UBER | UBER TECHNOLOGIES INC | Long | $337.1M | 6.08% | — | Outside |
| — | CONFLUENT INC | Long | $328.4M | 5.92% | — | Outside |
| AMZN | AMAZON COM INC | Long | $191.1M | 3.45% | Hyperscalers | Covered |
| GOOGL | ALPHABET INC | Long | $164.2M | 2.96% | Hyperscalers | Covered |
| TSLA | TESLA INC | Long | $143.4M | 2.59% | — | Outside |
| CPNG | COUPANG INC | Long | $131.6M | 2.37% | — | Outside |
| RBRK | RUBRIK INC. | Long | $107.3M | 1.94% | — | Outside |
| CART | MAPLEBEAR INC | Long | $105.1M | 1.90% | — | Outside |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | Long | $99.6M | 1.80% | Lithography & Fab Tools | Covered |
| FLUT | FLUTTER ENTMT PLC | Long | $98.3M | 1.77% | — | Outside |
| Z | ZILLOW GROUP INC | Long | $96.3M | 1.74% | — | Outside |
| CRM | SALESFORCE INC | Long | $90.8M | 1.64% | — | Outside |
| ALAB | ASTERA LABS INC | Long | $77.4M | 1.40% | AI Networking | Covered |
| IOT | SAMSARA INC | Long | $63.7M | 1.15% | — | Outside |
| TWLO | TWILIO INC | Long | $63.0M | 1.14% | — | Outside |
| MELI | MERCADOLIBRE INC | Long | $61.6M | 1.11% | — | Outside |
| MU | MICRON TECHNOLOGY INC | Long | $51.7M | 0.93% | Memory | Covered |
| DUOL | DUOLINGO INC | Long | $9.8M | 0.18% | — | Outside |
| TTAN | SERVICETITAN INC | Long | $4.1M | 0.07% | — | Outside |
| — | GRAB HOLDINGS LIMITED | Long | $1.4M | 0.03% | — | Outside |
Shares and value as filed. Positions held with shared investment discretion are reported in full by each manager, so a filer's book can overlap another's.