Portfolio — Q1 2026
Reported Book
$29.1B
13F value · -27% QoQ
Positions
62
+10 vs Q4 2025
Top 10
63.7%
of reported book
In Dimetrics Coverage
80.5%
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 $29.1B· 62 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
Lithography & Fab Tools
26.6%
$7.7B
Hyperscalers
19.8%
$5.7B
AI Grid & Power Equipment
13.6%
$3.9B
Custom Silicon
9.7%
$2.8B
AI Merchant Power
4.5%
$1.3B
Datacenter REITs
3.7%
$1.1B
EDA & Chip Design IP
1.0%
$302.0M
Liquid Cooling
0.8%
$246.0M
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 — 62 positions
| Ticker | Security | Line | Value | Weight | Group | Coverage |
|---|---|---|---|---|---|---|
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | Long | $3.1B | 10.80% | Lithography & Fab Tools | Covered |
| GEV | GE VERNOVA INC | Long | $2.2B | 7.73% | AI Grid & Power Equipment | Covered |
| LRCX | LAM RESEARCH CORP | Long | $2.1B | 7.39% | Lithography & Fab Tools | Covered |
| AMAT | APPLIED MATLS INC | Long | $1.8B | 6.17% | Lithography & Fab Tools | Covered |
| AVGO | BROADCOM INC | Long | $1.7B | 5.86% | Custom Silicon | Covered |
| ETN | EATON CORP PLC | Long | $1.7B | 5.85% | AI Grid & Power Equipment | Covered |
| AMZN | AMAZON COM INC | Long | $1.7B | 5.68% | Hyperscalers | Covered |
| META | META PLATFORMS INC | Long | $1.6B | 5.54% | Hyperscalers | Covered |
| CEG | CONSTELLATION ENERGY CORP | Long | $1.3B | 4.45% | AI Merchant Power | Covered |
| GOOGL | ALPHABET INC | Long | $1.2B | 4.27% | Hyperscalers | Covered |
| NVDA | NVIDIA CORPORATION | Long | $1.1B | 3.80% | Custom Silicon | Covered |
| EQIX | EQUINIX INC | Long | $1.1B | 3.68% | Datacenter REITs | Covered |
| MSFT | MICROSOFT CORP | Long | $918.0M | 3.16% | Hyperscalers | Covered |
| NFLX | NETFLIX INC. | Long | $662.8M | 2.28% | — | Outside |
| ASML | ASML HLDG NV | Long | $655.4M | 2.26% | Lithography & Fab Tools | Covered |
| SPOT | SPOTIFY TECHNOLOGY S A | Long | $640.5M | 2.20% | — | Outside |
| APP | APPLOVIN CORP | Long | $513.4M | 1.77% | — | Outside |
| NTRA | NATERA INC | Long | $508.3M | 1.75% | — | Outside |
| NU | NU HLDGS LTD | Long | $421.5M | 1.45% | — | Outside |
| ISRG | INTUITIVE SURGICAL INC | Long | $394.3M | 1.36% | — | Outside |
| RDDT | REDDIT INC | Long | $375.7M | 1.29% | — | Outside |
| GOOGL | ALPHABET INC | Long | $320.1M | 1.10% | Hyperscalers | Covered |
| SNPS | SYNOPSYS INC | Long | $302.0M | 1.04% | EDA & Chip Design IP | Covered |
| FCNCA | FIRST CTZNS BANCSHARES INC D | Long | $262.9M | 0.90% | — | Outside |
| VRT | VERTIV HOLDINGS CO | Long | $246.0M | 0.85% | Liquid Cooling | Covered |
| V | VISA INC | Long | $217.2M | 0.75% | — | Outside |
| CVNA | CARVANA CO | Long | $214.1M | 0.74% | — | Outside |
| CHYM | CHIME FINL INC | Long | $188.6M | 0.65% | — | Outside |
| MTZ | MASTEC INC | Long | $187.8M | 0.65% | AI Construction & EPC | Covered |
| QCOM | QUALCOMM INC | Long | $178.7M | 0.61% | — | Outside |
| CAI | CARIS LIFE SCIENCES INC | Long | $175.6M | 0.60% | — | Outside |
| SOLS | SOLSTICE ADVANCED MATLS INC | Long | $126.0M | 0.43% | — | Outside |
| CHRW | C H ROBINSON WORLDWIDE IN | Long | $95.2M | 0.33% | — | Outside |
| SFM | SPROUTS FMRS MKT INC | Long | $92.8M | 0.32% | — | Outside |
| DASH | DOORDASH INC | Long | $82.9M | 0.29% | — | Outside |
| GNRC | GENERAC HLDGS INC | Long | $76.3M | 0.26% | — | Outside |
| ENPH | ENPHASE ENERGY INC | Long | $62.3M | 0.21% | — | Outside |
| PYPL | PAYPAL HLDGS INC | Long | $56.2M | 0.19% | — | Outside |
| MU | MICRON TECHNOLOGY INC | Long | $56.1M | 0.19% | Memory | Covered |
| ABR | ARBOR REALTY TRUST INC | Long | $32.4M | 0.11% | — | Outside |
| TTD | THE TRADE DESK INC | Long | $31.5M | 0.11% | — | Outside |
| NVAX | NOVAVAX INC | Long | $31.2M | 0.11% | — | Outside |
| PINS | PINTEREST INC | Long | $30.8M | 0.11% | — | Outside |
| Z | ZILLOW GROUP INC | Long | $30.6M | 0.11% | — | Outside |
| QS | QUANTUMSCAPE CORP | Long | $27.4M | 0.09% | — | Outside |
| PATH | UIPATH INC | Long | $25.2M | 0.09% | — | Outside |
| UPST | UPSTART HLDGS INC | Long | $22.3M | 0.08% | — | Outside |
| TSLA | TESLA INC | Long | $21.9M | 0.08% | — | Outside |
| MPT | MEDICAL PROPERTIES TRUST INC | Long | $21.0M | 0.07% | — | Outside |
| RNG | RINGCENTRAL INC | Long | $15.3M | 0.05% | — | Outside |
| ZG | ZILLOW GROUP INC | Long | $13.6M | 0.05% | — | Outside |
| PTON | PELOTON INTERACTIVE INC | Long | $10.7M | 0.04% | — | Outside |
| PLUG | PLUG PWR INC | Long | $5.8M | 0.02% | — | Outside |
| LCID | LUCID GROUP INC | Long | $2.8M | 0.01% | — | Outside |
| IBIT | ISHARES BITCOIN TRUST ETF | Long | $2.6M | 0.01% | — | Outside |
| — | OLAPLEX HLDGS INC | Long | $2.6M | 0.01% | — | Outside |
| SFIX | STITCH FIX INC | Long | $2.4M | 0.01% | — | Outside |
| HTZWW | HERTZ GLOBAL HLDGS INC | Long | $1.1M | 0.00% | — | Outside |
| CHPT | CHARGEPOINT HOLDINGS INC | Long | $748.9K | 0.00% | — | Outside |
| HTZ | HERTZ GLOBAL HLDGS INC | Long | $492.5K | 0.00% | — | Outside |
| BYND | BEYOND MEAT INC | Long | $240.9K | 0.00% | — | Outside |
| AMC | AMC ENTMT HLDGS INC | Long | $223.6K | 0.00% | — | 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.