Laurion Capital Management LP Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$3.3T

Holdings

249

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (249 positions)

#StockSharesValue% PortfolioType
1
FOXAFOX CORP
8,239,500$602.1B18.41%Put
2
IWMISHARES TR
1,500,000$369.2B11.29%Put
3
DELLDELL TECHNOLOGIES INC
1,471,456$185.2B5.66%Put
4
GOOGLALPHABET INC
588,643$184.2B5.63%Put
5
AAPLAPPLE INC
485,233$131.9B4.03%Put
6
GOOGALPHABET INC
371,800$116.7B3.57%Put
7
BBIOBRIDGEBIO PHARMA INC
1,402,150$107.3B3.28%
8
NSCNORFOLK SOUTHN CORP
351,648$101.5B3.10%
9
EAELECTRONIC ARTS INC
443,580$90.6B2.77%
10
NUVBNUVATION BIO INC
7,852,638$70.4B2.15%
11
WBDWARNER BROS DISCOVERY INC
2,427,610$70.0B2.14%
12
XOMEXXON MOBIL CORP
538,651$64.8B1.98%Put
13
MLYSMINERALYS THERAPEUTICS INC
1,713,485$62.2B1.90%
14
TSLATESLA INC
133,306$59.9B1.83%Put
15
NVDANVIDIA CORPORATION
277,662$51.8B1.58%Put
16
EXASEXACT SCIENCES CORP
499,532$50.7B1.55%
17
MSFTMICROSOFT CORP
102,000$49.3B1.51%
18
TXNTEXAS INSTRS INC
281,911$48.9B1.50%Put
19
MCDMCDONALDS CORP
130,300$39.8B1.22%Call
20
BMYBRISTOL-MYERS SQUIBB CO
700,000$37.8B1.15%Call
21
CATCATERPILLAR INC
59,300$34.0B1.04%Put
22
GSGOLDMAN SACHS GROUP INC
35,900$31.6B0.96%Put
23
BABOEING CO
124,741$27.1B0.83%Put
24
AMDADVANCED MICRO DEVICES INC
115,104$24.6B0.75%Put
25
BACBANK AMERICA CORP
431,000$23.7B0.72%Put
26
APPAPPLOVIN CORP
33,800$22.8B0.70%Put
27
TRVCCITIGROUP INC
194,700$22.7B0.69%Put
28
BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC
19,100,000$21.5B0.66%
29
COINCOINBASE GLOBAL INC
94,013$21.3B0.65%Put
30
SOFISOFI TECHNOLOGIES INC
810,788$21.2B0.65%
31
CVNACARVANA CO
49,500$20.9B0.64%Put
32
SHOPSHOPIFY INC
127,116$20.5B0.63%Put
33
BBOTBRIDGEBIO ONCOLOGY THERAPEUT
1,464,938$18.3B0.56%
3417,500,000$17.0B0.52%
35
SNPSSYNOPSYS INC
34,800$16.3B0.50%Put
36
CMGCHIPOTLE MEXICAN GRILL INC
440,600$16.3B0.50%Put
37
MDBMONGODB INC
38,640$16.2B0.50%Put
38
DWDMORGAN STANLEY
80,254$14.2B0.44%Put
39
ADIANALOG DEVICES INC
51,800$14.0B0.43%Put
4015,500,000$14.0B0.43%
41
AVGOBROADCOM INC
38,806$13.4B0.41%Put
42
PEPGPEPGEN INC
2,052,133$13.4B0.41%
43
AARDAARDVARK THERAPEUTICS INC
1,014,911$13.3B0.41%
44
CMECME GROUP INC
48,604$13.3B0.41%
45
CLFCLEVELAND-CLIFFS INC NEW
947,573$12.6B0.38%
46
MUMICRON TECHNOLOGY INC
36,300$10.4B0.32%Call
47
AMATAPPLIED MATLS INC
37,400$9.6B0.29%Put
48
AXPAMERICAN EXPRESS CO
23,300$8.6B0.26%Put
49
KKRKKR & CO INC
67,209$8.6B0.26%Put
50
PLTRPALANTIR TECHNOLOGIES INC
47,045$8.4B0.26%Put
51
HPEHEWLETT PACKARD ENTERPRISE C
320,000$7.7B0.24%Put
52
CRDFCARDIFF ONCOLOGY INC
2,646,738$7.4B0.23%
53
FSLRFIRST SOLAR INC
26,552$6.9B0.21%Put
54
BXBLACKSTONE INC
44,728$6.9B0.21%Put
55
AFRMAFFIRM HLDGS INC
90,664$6.7B0.21%Put
56
FERGFERGUSON ENTERPRISES INC
29,995$6.7B0.20%
57
AUTLAUTOLUS THERAPEUTICS PLC
3,316,626$6.6B0.20%
58
LNGCHENIERE ENERGY INC
33,835$6.6B0.20%
59
NOWSERVICENOW INC
38,900$6.0B0.18%Put
60
DDOMINION ENERGY INC
100,000$5.9B0.18%Call
61
PYXSPYXIS ONCOLOGY INC
4,796,479$5.5B0.17%
62
COHRCOHERENT CORP
25,000$4.6B0.14%
63
PANWPALO ALTO NETWORKS INC
24,278$4.5B0.14%Put
64
DHRDANAHER CORPORATION
19,011$4.4B0.13%Put
65
VORVOR BIOPHARMA INC
317,243$4.1B0.13%
66
RKTROCKET COS INC
207,165$4.0B0.12%
67
RCLROYAL CARIBBEAN GROUP
10,400$2.9B0.09%Call
68
LGNLEGENCE CORP
62,230$2.7B0.08%
69
LPLALPL FINL HLDGS INC
7,000$2.5B0.08%
70
CSCOCISCO SYS INC
30,904$2.4B0.07%Put
71
FLUTFLUTTER ENTMT PLC
10,108$2.2B0.07%
72
SNDKSANDISK CORP
8,919$2.1B0.06%
73
COLBCOLUMBIA BKG SYS INC
75,210$2.1B0.06%
74
FCNCAFIRST CTZNS BANCSHARES INC D
977$2.1B0.06%
75
MRKMERCK & CO INC
19,693$2.1B0.06%
76
IMUXIMMUNIC INC
3,882,162$2.1B0.06%
77
ABOSACUMEN PHARMACEUTICALS INC
867,046$1.8B0.06%
78
CRWDCROWDSTRIKE HLDGS INC
3,800$1.8B0.05%Put
79
AZNASTRAZENECA PLC
19,000$1.7B0.05%
80
NAVNNAVAN INC
100,000$1.7B0.05%
81
VEEVVEEVA SYS INC
7,300$1.6B0.05%
82
AWCAMERICAN WTR WKS CO INC NEW
12,000$1.6B0.05%
83
RGLDROYAL GOLD INC
7,000$1.6B0.05%
84
LMRILUMEXA IMAGING HOLDINGS INC
80,000$1.5B0.05%
85
EBAEBAY INC.
16,700$1.5B0.04%
86
OXYOCCIDENTAL PETE CORP
31,300$1.3B0.04%Call
87
ANFABERCROMBIE & FITCH CO
9,950$1.3B0.04%
88
ONONON HLDG AG
25,327$1.2B0.04%
89
SPOTSPOTIFY TECHNOLOGY S A
2,000$1.2B0.04%
90
RDDTREDDIT INC
5,000$1.1B0.04%
91
DBRGDIGITALBRIDGE GROUP INC
72,755$1.1B0.03%
92
WMTWALMART INC
10,000$1.1B0.03%
93
TTWOTAKE-TWO INTERACTIVE SOFTWAR
4,218$1.1B0.03%
94
MXLMAXLINEAR INC
60,596$1.1B0.03%
95
MCHPMICROCHIP TECHNOLOGY INC.
16,000$1.0B0.03%
96
VERAVERA THERAPEUTICS INC
20,000$1.0B0.03%
97
VRTXVERTEX PHARMACEUTICALS INC
2,200$997.0M0.03%
98
HONHONEYWELL INTL INC
5,100$994.0M0.03%
99
QCOMQUALCOMM INC
5,800$992.0M0.03%
100
MARMARRIOTT INTL INC NEW
3,200$992.0M0.03%
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