Marathon Trading Investment Management LLC Q1 2025 Filing

Filed May 13, 2025

Portfolio Value

$744.7M

Holdings

352

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (352 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPDR S&P 500 ETF TR	218,900	$122.5M	16.44%	Put
2	NVDANVIDIA CORPORATION	544,600	$59.0M	7.93%	Put
3	NVDANVIDIA CORPORATION	506,900	$54.9M	7.38%
4	GLDSPDR GOLD TR	121,700	$35.1M	4.71%	Call
5	PDDPDD HOLDINGS INC	176,200	$20.9M	2.80%	Call
6	TSLATESLA INC	57,400	$14.9M	2.00%	Put
7	XLFISELECT SECTOR SPDR TR	164,800	$13.7M	1.83%	Call
8	BABAALIBABA GROUP HLDG LTD	101,700	$13.4M	1.81%	Put
9	JDJD.COM INC	325,000	$13.4M	1.79%	Put
10	GLDSPDR GOLD TR	45,800	$13.2M	1.77%	Put
11	BACBANK AMERICA CORP	307,000	$12.8M	1.72%	Put
12	PDDPDD HOLDINGS INC	100,600	$11.9M	1.60%	Put
13	CCITIGROUP INC	155,900	$11.1M	1.49%	Call
14	BABAALIBABA GROUP HLDG LTD	72,864	$9.6M	1.29%
15	TLTISHARES TR	105,200	$9.6M	1.29%	Put
16	STTSPDR S&P 500 ETF TR	17,000	$9.5M	1.28%	Call
17	BACBANK AMERICA CORP	219,389	$9.2M	1.23%
18	—SIRIUSXM HOLDINGS INC	391,200	$8.8M	1.18%	Call
19	MSTRMICROSTRATEGY INC	30,000	$8.6M	1.16%	Call
20	—ALIBABA GROUP HLDG LTD	65,300	$8.6M	1.16%	Call
21	—KRANESHARES TRUST	242,600	$8.5M	1.14%	Call
22	—VANECK ETF TRUST	164,500	$8.3M	1.12%	Put
23	GMEGAMESTOP CORP NEW	349,280	$7.8M	1.05%
24	SPYSPDR S&P 500 ETF TR	13,777	$7.7M	1.03%
25	IBITISHARES BITCOIN TRUST ETF	161,576	$7.6M	1.02%
26	TSLATESLA INC	29,000	$7.5M	1.01%	Call
27	PDYNWPALLADYNE AI CORP	25,337	$7.1M	0.95%
28	—JD.COM INC	170,000	$7.0M	0.94%	Call
29	WFCWELLS FARGO CO NEW	94,318	$6.8M	0.91%
30	SLVISHARES SILVER TR	214,600	$6.7M	0.89%	Call
31	BACBANK AMERICA CORP	154,300	$6.4M	0.86%	Call
32	MSTRMICROSTRATEGY INC	20,500	$5.9M	0.79%	Put
33	INTCINTEL CORP	252,681	$5.7M	0.77%
34	USLMUNITED STATES STL CORP NEW	108,300	$4.6M	0.61%	Put
35	LMTLOCKHEED MARTIN CORP	10,200	$4.6M	0.61%
36	USLMUNITED STATES STL CORP NEW	104,200	$4.4M	0.59%	Call
37	GQ9SPDR GOLD TR	13,154	$3.8M	0.51%
38	METAMETA PLATFORMS INC	6,454	$3.7M	0.50%
39	WFCWELLS FARGO CO NEW	50,100	$3.6M	0.48%	Put
40	MSFTMICROSOFT CORP	9,500	$3.6M	0.48%	Call
41	—VANECK ETF TRUST	67,500	$3.5M	0.47%	Call
42	—KRANESHARES TRUST	97,900	$3.4M	0.46%	Put
43	USX1UNITED STATES STL CORP NEW	75,545	$3.2M	0.43%
44	XLESELECT SECTOR SPDR TR	34,150	$3.2M	0.43%
45	GEVGE VERNOVA INC	10,000	$3.1M	0.41%	Put
46	BAC 7.25 PERP LBANK AMERICA CORP	2,464	$3.0M	0.41%
47	PLTRPALANTIR TECHNOLOGIES INC	35,600	$3.0M	0.40%	Put
48	—META PLATFORMS INC	5,100	$2.9M	0.39%	Call
49	XLFISELECT SECTOR SPDR TR	51,800	$2.6M	0.35%	Put
50	XLFISELECT SECTOR SPDR TR	12,400	$2.6M	0.34%	Put
51	—AMAZON COM INC	13,100	$2.5M	0.33%	Call
52	RIOTRIOT PLATFORMS INC	350,000	$2.5M	0.33%	Call
53	COINCOINBASE GLOBAL INC	13,700	$2.4M	0.32%	Call
54	COINCOINBASE GLOBAL INC	13,676	$2.4M	0.32%
55	AMDADVANCED MICRO DEVICES INC	22,700	$2.3M	0.31%	Put
56	XLFISELECT SECTOR SPDR TR	44,500	$2.2M	0.30%	Call
57	XLFISELECT SECTOR SPDR TR	10,700	$2.2M	0.30%	Call
58	HONHONEYWELL INTL INC	9,100	$1.9M	0.26%
59	NVDANVIDIA CORPORATION	17,600	$1.9M	0.26%	Call
60	METAMETA PLATFORMS INC	3,300	$1.9M	0.26%	Put
61	TSMTAIWAN SEMICONDUCTOR MFG LTD	10,600	$1.8M	0.24%	Put
62	GWH/WSESS TECH INC	20,130	$1.8M	0.24%
63	GSGOLDMAN SACHS GROUP INC	3,200	$1.7M	0.23%
64	MSFTMICROSOFT CORP	4,536	$1.7M	0.23%
65	XLFISELECT SECTOR SPDR TR	19,300	$1.7M	0.23%	Put
66	XLFISELECT SECTOR SPDR TR	11,500	$1.7M	0.23%	Put
67	XLFISELECT SECTOR SPDR TR	17,000	$1.6M	0.22%	Put
68	GOOGLALPHABET INC	10,400	$1.6M	0.22%	Call
69	SCHWSCHWAB CHARLES CORP	20,100	$1.6M	0.21%	Put
70	AQLTISHARES TR	17,200	$1.6M	0.21%	Call
71	XLFISELECT SECTOR SPDR TR	11,700	$1.5M	0.21%	Put
72	COSTCOSTCO WHSL CORP NEW	1,594	$1.5M	0.20%
73	RIVNRIVIAN AUTOMOTIVE INC	115,000	$1.4M	0.19%	Call
74	AMDADVANCED MICRO DEVICES INC	13,900	$1.4M	0.19%	Call
75	MIGAMICROSTRATEGY INC	4,811	$1.4M	0.19%
76	BILIBILIBILI INC	71,328	$1.4M	0.18%
77	AVGOBROADCOM INC	8,100	$1.4M	0.18%	Call
78	RIOTRIOT PLATFORMS INC	188,805	$1.3M	0.18%
79	XLFISELECT SECTOR SPDR TR	6,800	$1.3M	0.18%	Put
80	UBERUBER TECHNOLOGIES INC	17,763	$1.3M	0.17%
81	KWEBKRANESHARES TRUST	34,851	$1.2M	0.16%
82	MUMICRON TECHNOLOGY INC	13,892	$1.2M	0.16%
83	GOOGLALPHABET INC	7,400	$1.1M	0.15%	Put
84	SBUXSTARBUCKS CORP	11,312	$1.1M	0.15%
85	WMTWALMART INC	12,548	$1.1M	0.15%
86	UUNITY SOFTWARE INC	56,200	$1.1M	0.15%
87	COCHWENVOY MEDICAL INC	32,888	$1.1M	0.15%
88	PLTRPALANTIR TECHNOLOGIES INC	12,767	$1.1M	0.14%
89	XLFISELECT SECTOR SPDR TR	11,100	$1.1M	0.14%	Call
90	INTCINTEL CORP	47,100	$1.1M	0.14%	Put
91	XLFISELECT SECTOR SPDR TR	7,300	$1.1M	0.14%	Call
92	GOOGLALPHABET INC	6,511	$1.0M	0.14%
93	CARTMAPLEBEAR INC	25,000	$997K	0.13%
94	CRMSALESFORCE INC	3,700	$993K	0.13%	Put
95	—AMC ENTMT HLDGS INC	338,300	$971K	0.13%	Call
96	CMGCHIPOTLE MEXICAN GRILL INC	19,200	$964K	0.13%
97	BILIBILIBILI INC	50,000	$956K	0.13%	Put
98	QCOMQUALCOMM INC	6,200	$952K	0.13%	Put
99	AAPLAPPLE INC	4,224	$938K	0.13%
100	IBITISHARES BITCOIN TRUST ETF	19,300	$903K	0.12%	Call

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