Polar Asset Management Partners Inc. Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$6.4T

Holdings

587

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (587 positions)

#StockSharesValue% PortfolioType
1
SPYSPDR S&P 500 ETF TR
2,556,000$1.6T24.67%Put
2
NDQINVESCO QQQ TR
818,600$451.6B7.05%Put
3
PHYS/USPROTT PHYSICAL GOLD TR
15,809,185$400.8B6.26%
4
IDCC 3.5 06/01/27INTERDIGITAL INC
61,500,000$179.9B2.81%
5
LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN
100,000,000$153.6B2.40%
6
AXON 0.5 12/15/27AXON ENTERPRISE INC
42,263,000$153.1B2.39%
7
GVA 3.75 05/15/28GRANITE CONSTR INC
55,000,000$114.7B1.79%
8
SKAASKECHERS U S A INC
1,684,545$106.3B1.66%
9
ITGR 2.125 02/15/28INTEGER HLDGS CORP
47,201,000$71.0B1.11%
1025,000,000$69.6B1.09%
11
DNBDUN & BRADSTREET HLDGS INC
6,629,346$60.3B0.94%
12
AZEKAZEK CO INC
988,835$53.7B0.84%
13
COINCOINBASE GLOBAL INC
150,000$52.6B0.82%Call
14
GHGUARDANT HEALTH INC
977,846$50.9B0.79%Put
15
PSLV/USPROTT PHYSICAL SILVER TR
3,437,232$42.1B0.66%
16
AFWALIGN TECHNOLOGY INC
203,622$38.6B0.60%Put
17
AVDXAVIDXCHANGE HOLDINGS INC
3,756,608$36.8B0.57%
18
FYBRFRONTIER COMMUNICATIONS PARE
1,000,000$36.4B0.57%
19
MTSIMACOM TECH SOLUTIONS HLDGS I
249,765$35.8B0.56%
2030,000,000$35.8B0.56%
21
SMHVANECK ETF TRUST
121,500$33.9B0.53%Put
22
2L9BLUEPRINT MEDICINES CORP
262,964$33.7B0.53%
23
BL 1 06/01/29BLACKLINE INC
30,000,000$31.9B0.50%
24
MDTMEDTRONIC PLC
343,900$30.0B0.47%
25
QUBTQUANTUM COMPUTING INC
1,559,300$29.4B0.46%
2625,000,000$29.2B0.46%
27
PRGS 3.5 03/01/30PROGRESS SOFTWARE CORP
25,000,000$29.0B0.45%
28
IBITISHARES BITCOIN TRUST ETF
471,313$28.8B0.45%
29
NVDANVIDIA CORPORATION
174,691$27.6B0.43%Call
30
G2CEVERI HLDGS INC
1,925,009$27.4B0.43%
31
PPL 2.875 03/15/28PPL CAP FDG INC
25,000,000$27.0B0.42%
32
NOANORTH AMERN CONSTR GROUP LTD
1,667,336$26.7B0.42%
33
TSLATESLA INC
82,500$26.2B0.41%Call
34
MUBISHARES TR
250,000$26.1B0.41%
35
PENPENUMBRA INC
101,200$26.0B0.41%
36
TSMTAIWAN SEMICONDUCTOR MFG LTD
109,215$24.7B0.39%
37
OLEDUNIVERSAL DISPLAY CORP
153,837$23.8B0.37%
38
WKC 3.25 07/01/28WORLD KINECT CORPORATION
20,000,000$23.3B0.36%
39
MRVLMARVELL TECHNOLOGY INC
293,809$22.7B0.36%Call
40
KELKELLANOVA
285,000$22.7B0.35%
41
AMDADVANCED MICRO DEVICES INC
156,900$22.3B0.35%Call
42
HESHESS CORP
160,000$22.2B0.35%
43
KCHVKOCHAV DEFENSE ACQUI CO
2,150,000$21.9B0.34%
44
IWMISHARES TR
100,000$21.6B0.34%Put
45
NVSTENVISTA HOLDINGS CORPORATION
1,100,810$21.5B0.34%
46
LRCXLAM RESEARCH CORP
218,970$21.3B0.33%
47
METAMETA PLATFORMS INC
28,494$21.0B0.33%
48
GTLSCHART INDS INC
125,000$20.6B0.32%
49
MIGAMICROSTRATEGY INC
50,000$20.2B0.32%Call
50
AG8AGILENT TECHNOLOGIES INC
169,157$20.0B0.31%
51
DMIIDRUGS MADE IN AMER ACQUTN CO
1,900,000$19.4B0.30%
52
SITMSITIME CORP
86,555$18.4B0.29%
53
GKOSGLAUKOS CORP
177,123$18.3B0.29%
54
TG7TRIUMPH GROUP INC NEW
710,178$18.3B0.29%
5515,000,000$17.9B0.28%
56
SMTCSEMTECH CORP
396,225$17.9B0.28%
57
WOOFOOT LOCKER INC
727,000$17.8B0.28%
58
DC4DEXCOM INC
197,700$17.3B0.27%
59
MATWMATTHEWS INTL CORP
721,408$17.2B0.27%Call
60
EWEDWARDS LIFESCIENCES CORP
220,239$17.2B0.27%
61
ENQENTEGRIS INC
209,738$16.9B0.26%
62
SBXDSILVERBOX CORP IV
1,480,000$16.2B0.25%
63
GOOGALPHABET INC
90,900$16.1B0.25%
64
QCOMQUALCOMM INC
101,200$16.1B0.25%Call
65
TECHBIO-TECHNE CORP
309,299$15.9B0.25%
66
BTBTBIT DIGITAL INC
7,248,800$15.9B0.25%Call
67
TTWOTAKE-TWO INTERACTIVE SOFTWAR
65,300$15.9B0.25%
68
MACIMELAR ACQUISITION CORP. I
1,485,000$15.6B0.24%
69
WDCWESTERN DIGITAL CORP
243,675$15.6B0.24%
70
SIMOSILICON MOTION TECHNOLOGY CO
205,751$15.5B0.24%
71
CDWCDW CORP
86,266$15.4B0.24%
72
MLACMOUNTAIN LAKE ACQUISITION CO
1,480,000$15.2B0.24%
73
IPGINTERPUBLIC GROUP COS INC
605,000$14.8B0.23%
74
AMZNAMAZON COM INC
65,356$14.3B0.22%
75
AMEDAMEDISYS INC
145,000$14.3B0.22%Put
76
MCHPMICROCHIP TECHNOLOGY INC.
202,500$14.2B0.22%Call
77
SDHISIDDHI ACQUISITION CORP
1,350,000$13.6B0.21%
78
TMUST-MOBILE US INC
55,500$13.2B0.21%
79
HURCHURCO CO
690,005$13.0B0.20%
80
FVICN 3.75 06/30/29FORTUNA MNG CORP
10,000,000$13.0B0.20%
81
POLEANDRETTI ACQUISITION CORP II
1,250,000$13.0B0.20%
82
PIIMPINJ INC
115,645$12.8B0.20%
83
LITELUMENTUM HLDGS INC
135,000$12.8B0.20%Call
84
KRNTKORNIT DIGITAL LTD
643,850$12.8B0.20%
85
BWMNBOWMAN CONSULTING GROUP LTD
444,880$12.8B0.20%
86
TACOBERTO ACQUISITION CORP
1,200,000$12.5B0.20%
87
GPATGP-ACT III ACQUISITION CORP
1,174,996$12.4B0.19%
88
EQXCN 4.75 10/15/28EQUINOX GOLD CORP
10,000,000$12.3B0.19%
89
FOXAFOX CORP
218,600$12.3B0.19%
90
TTDTHE TRADE DESK INC
169,113$12.2B0.19%
91
1GSNNOVANTA INC
91,800$11.8B0.18%
92
SATS 3.875 11/30/30ECHOSTAR CORP
10,035,012$11.8B0.18%
93
UPSTUPSTART HLDGS INC
172,400$11.2B0.17%Put
94
COLL 2.875 02/15/29COLLEGIUM PHARMACEUTICAL INC
10,000,000$10.8B0.17%
95
CNRCANADIAN NATL RY CO
103,000$10.7B0.17%
96
FQIDIGITAL RLTY TR INC
61,100$10.7B0.17%
97
CMS 3.375 05/01/28CMS ENERGY CORP
10,000,000$10.6B0.17%
98
CMIIUCOLUMBUS CIRCLE CAP CORP. I
1,000,000$10.6B0.17%
99
JACSJACKSON ACQUISITION CO II
1,025,000$10.6B0.16%
100
XLFSELECT SECTOR SPDR TR
200,000$10.5B0.16%Call
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