Polar Asset Management Partners Inc. Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$7.9B
Holdings
644
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (644 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 1,795,000 | $1.2B | 15.52% | Put |
| 2 | NVDANVIDIA CORPORATION | 1,756,228 | $326.0M | 4.14% | Put |
| 3 | AMZNAMAZON COM INC | 1,299,300 | $299.0M | 3.79% | Put |
| 4 | IDCC 3.5 06/01/27INTERDIGITAL INC | 61,775,000 | $255.0M | 3.24% | |
| 5 | NDQINVESCO QQQ TR | 357,900 | $219.0M | 2.78% | Put |
| 6 | LYV 3.125 01/15/29LIVE NATION ENTERTAINMENT IN | 140,000,000 | $203.0M | 2.58% | |
| 7 | PHYS/USPROTT ASSET MANAGEMENT LP | 6,058,832 | $200.0M | 2.54% | |
| 8 | PLTRPALANTIR TECHNOLOGIES INC | 1,120,000 | $198.0M | 2.51% | Put |
| 9 | TSLATESLA INC | 420,000 | $186.0M | 2.36% | Put |
| 10 | GOOGALPHABET INC | 580,000 | $181.0M | 2.30% | Put |
| 11 | GVA 3.75 05/15/28GRANITE CONSTR INC | 55,000,000 | $139.0M | 1.76% | |
| 12 | EVRG 4.5 12/15/27EVERGY INC | 100,000,000 | $121.0M | 1.54% | |
| 13 | ADBEADOBE INC | 300,000 | $104.0M | 1.32% | Put |
| 14 | COPCONOCOPHILLIPS | 1,100,000 | $102.0M | 1.29% | Put |
| 15 | AMDADVANCED MICRO DEVICES INC | 467,284 | $99.0M | 1.26% | Put |
| 16 | DAYDAYFORCE INC | 1,422,818 | $98.0M | 1.24% | Put |
| 17 | CYBRCYBERARK SOFTWARE LTD | 187,366 | $83.0M | 1.05% | |
| 18 | PSLV/USPROTT ASSET MANAGEMENT LP | 3,437,232 | $81.0M | 1.03% | |
| 19 | AAPLAPPLE INC | 300,000 | $80.0M | 1.01% | Put |
| 20 | MRSHMARSH & MCLENNAN COS INC | 400,000 | $74.0M | 0.94% | Put |
| 21 | ITRI 1.375 07/15/30ITRON INC | 70,000,000 | $70.0M | 0.89% | |
| 22 | IWMISHARES TR | 290,000 | $70.0M | 0.89% | Put |
| 23 | CMACOMERICA INC | 787,000 | $68.0M | 0.86% | |
| 24 | IBITISHARES BITCOIN TRUST ETF | 1,310,720 | $63.0M | 0.80% | Put |
| 25 | BRK/BBERKSHIRE HATHAWAY INC DEL | 120,000 | $60.0M | 0.76% | Put |
| 26 | EAELECTRONIC ARTS INC | 284,820 | $58.0M | 0.74% | |
| 27 | ETHAISHARES ETHEREUM TR | 2,580,000 | $57.0M | 0.72% | Put |
| 28 | MIRM 4 05/01/29MIRUM PHARMACEUTICALS INC | 21,375,000 | $55.0M | 0.70% | |
| 29 | PPL 2.875 03/15/28PPL CAP FDG INC | 50,000,000 | $54.0M | 0.69% | |
| 30 | EEMISHARES TR | 1,000,000 | $54.0M | 0.69% | Put |
| 31 | EXASEXACT SCIENCES CORP | 525,000 | $53.0M | 0.67% | |
| 32 | MSFTMICROSOFT CORP | 100,000 | $48.0M | 0.61% | Put |
| 33 | CDTXCIDARA THERAPEUTICS INC | 216,998 | $47.0M | 0.60% | |
| 34 | LYV 2.875 01/15/30LIVE NATION ENTERTAINMENT IN | 40,000,000 | $42.0M | 0.53% | |
| 35 | CADECADENCE BANK | 983,756 | $42.0M | 0.53% | |
| 36 | SYU1SYNOVUS FINL CORP | 835,115 | $41.0M | 0.52% | |
| 37 | RNAAVIDITY BIOSCIENCES INC | 529,510 | $38.0M | 0.48% | |
| 38 | HOLXHOLOGIC INC | 488,923 | $36.0M | 0.46% | Put |
| 39 | CWANCLEARWATER ANALYTICS HLDGS I | 1,422,500 | $34.0M | 0.43% | |
| 40 | GTLSCHART INDS INC | 157,145 | $32.0M | 0.41% | |
| 41 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 108,416 | $32.0M | 0.41% | |
| 42 | AVGOBROADCOM INC | 89,200 | $30.0M | 0.38% | Call |
| 43 | FYBRFRONTIER COMMUNICATIONS PARE | 800,000 | $30.0M | 0.38% | |
| 44 | ETHGRAYSCALE ETHEREUM MINI TR E | 1,000,000 | $28.0M | 0.36% | Call |
| 45 | OLEDUNIVERSAL DISPLAY CORP | 242,904 | $27.0M | 0.34% | Call |
| 46 | XERSXERIS BIOPHARMA HOLDINGS INC | 10,500,000 | $27.0M | 0.34% | |
| 47 | SMHVANECK ETF TRUST | 76,500 | $27.0M | 0.34% | Put |
| 48 | CFLTCONFLUENT INC | 879,700 | $26.0M | 0.33% | |
| 49 | ANETARISTA NETWORKS INC | 176,147 | $23.0M | 0.29% | |
| 50 | CORZWCORE SCIENTIFIC INC NEW | 2,629,086 | $22.0M | 0.28% | |
| 51 | QCOMQUALCOMM INC | 133,900 | $22.0M | 0.28% | Call |
| 52 | ORCLORACLE CORP | 117,600 | $22.0M | 0.28% | Call |
| 53 | SMTCSEMTECH CORP | 313,683 | $22.0M | 0.28% | Put |
| 54 | BL 1 06/01/29BLACKLINE INC | 20,000,000 | $21.0M | 0.27% | |
| 55 | HIHILLENBRAND INC | 674,619 | $21.0M | 0.27% | |
| 56 | KCHVKOCHAV DEFENSE ACQUI CO | 2,150,000 | $21.0M | 0.27% | |
| 57 | CCXIUCHURCHILL CAP CORP XI | 2,000,000 | $20.0M | 0.25% | |
| 58 | CRDOCREDO TECHNOLOGY GROUP HOLDI | 144,774 | $20.0M | 0.25% | |
| 59 | BCARD. BORAL ARC ACQ I CORP. | 1,899,664 | $19.0M | 0.24% | |
| 60 | LBRDKLIBERTY BROADBAND CORP | 400,000 | $19.0M | 0.24% | |
| 61 | MSIMOTOROLA SOLUTIONS INC | 50,600 | $19.0M | 0.24% | Call |
| 62 | —M3BRIGADE ACQUISITION V CORP | 1,757,441 | $18.0M | 0.23% | |
| 63 | PIIMPINJ INC | 108,811 | $18.0M | 0.23% | |
| 64 | MCOMOODYS CORP | 36,516 | $18.0M | 0.23% | |
| 65 | EXAS 0.375 03/15/27EXACT SCIENCES CORP | 16,600,000 | $17.0M | 0.22% | |
| 66 | BOX 1.5 09/15/29BOX INC | 17,500,000 | $17.0M | 0.22% | |
| 67 | CHACRCRANE HBR ACQUISITION CORP | 1,625,000 | $17.0M | 0.22% | |
| 68 | SNAPSNAP INC | 2,057,300 | $16.0M | 0.20% | Call |
| 69 | DMIIDRUGS MADE IN AMER ACQUTN CO | 1,600,000 | $16.0M | 0.20% | |
| 70 | WBDWARNER BROS DISCOVERY INC | 597,400 | $16.0M | 0.20% | Call |
| 71 | MLACMOUNTAIN LAKE ACQUISITION CO | 1,479,935 | $15.0M | 0.19% | |
| 72 | LRCXLAM RESEARCH CORP | 87,739 | $15.0M | 0.19% | |
| 73 | AXON 0.5 12/15/27AXON ENTERPRISE INC | 6,129,000 | $15.0M | 0.19% | |
| 74 | CMECME GROUP INC | 55,625 | $15.0M | 0.19% | |
| 75 | MACIMELAR ACQUISITION CORP. I | 1,485,000 | $15.0M | 0.19% | |
| 76 | SCHWSCHWAB CHARLES CORP | 142,800 | $14.0M | 0.18% | |
| 77 | QC10FLAGSTAR BANK NATIONAL ASSOC | 1,188,449 | $14.0M | 0.18% | |
| 78 | METAMETA PLATFORMS INC | 22,600 | $14.0M | 0.18% | |
| 79 | DYORINSIGHT DIGITAL PARTNERS II | 1,499,000 | $14.0M | 0.18% | |
| 80 | DMIIDRUGS MADE IN AMER ACQ II CO | 1,500,000 | $14.0M | 0.18% | |
| 81 | EVREVERCORE INC | 42,600 | $14.0M | 0.18% | |
| 82 | —CROWN RESV ACQUISITION CORP | 1,490,000 | $14.0M | 0.18% | |
| 83 | SBXDSILVERBOX CORP IV | 1,380,000 | $14.0M | 0.18% | |
| 84 | POLEANDRETTI ACQUISITION CORP II | 1,250,000 | $13.0M | 0.16% | |
| 85 | KEYKEYCORP | 675,800 | $13.0M | 0.16% | |
| 86 | LRN 1.125 09/01/27STRIDE INC | 10,000,000 | $13.0M | 0.16% | |
| 87 | MESHMESHFLOW ACQUISITION CORP | 1,350,000 | $13.0M | 0.16% | |
| 88 | NXPINXP SEMICONDUCTORS N V | 61,383 | $13.0M | 0.16% | |
| 89 | MTSIMACOM TECH SOLUTIONS HLDGS I | 72,476 | $12.0M | 0.15% | |
| 90 | NDAQNASDAQ INC | 133,164 | $12.0M | 0.15% | |
| 91 | NSCNORFOLK SOUTHN CORP | 45,000 | $12.0M | 0.15% | |
| 92 | ZSZSCALER INC | 60,000 | $12.0M | 0.15% | Put |
| 93 | LYVLIVE NATION ENTERTAINMENT IN | 89,700 | $12.0M | 0.15% | |
| 94 | SZ7AMERICAS GOLD AND SILVER COR | 2,625,000 | $12.0M | 0.15% | |
| 95 | GPATGP-ACT III ACQUISITION CORP | 1,174,996 | $12.0M | 0.15% | |
| 96 | VLYVALLEY NATL BANCORP | 966,974 | $11.0M | 0.14% | |
| 97 | MBVIM3-BRIGADE ACQUISITION VI CO | 1,100,000 | $11.0M | 0.14% | |
| 98 | FICOFAIR ISAAC CORP | 6,812 | $11.0M | 0.14% | |
| 99 | DWDMORGAN STANLEY | 65,100 | $11.0M | 0.14% | |
| 100 | GSRFGSR IV ACQUISITION CORP | 1,200,000 | $11.0M | 0.14% |
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