SONA ASSET MANAGEMENT (US) LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$4.4B
Holdings
134
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (134 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | LQDISHARES TR | 7,011,298 | $772.6M | 17.59% | |
| 2 | NDQINVESCO QQQ TR | 552,000 | $339.1M | 7.72% | Put |
| 3 | INTCINTEL CORP | 4,015,000 | $148.2M | 3.37% | Call |
| 4 | ON 0.5 03/01/29ON SEMICONDUCTOR CORP | 152,175,000 | $144.6M | 3.29% | |
| 5 | SPYSPDR S&P 500 ETF TR | 200,000 | $136.4M | 3.10% | Call |
| 6 | NSCNORFOLK SOUTHN CORP | 444,247 | $128.3M | 2.92% | |
| 7 | RSPINVESCO EXCHANGE TRADED FD T | 644,782 | $123.5M | 2.81% | Call |
| 8 | ETSY 0.125 10/01/26ETSY INC | 119,222,000 | $120.8M | 2.75% | |
| 9 | IGSBISHARES TR | 2,270,000 | $120.0M | 2.73% | |
| 10 | ITRI 0 03/15/26ITRON INC | 110,965,000 | $110.1M | 2.51% | |
| 11 | TXNMTXNM ENERGY INC | 1,834,874 | $108.0M | 2.46% | |
| 12 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 105,002,000 | $105.7M | 2.41% | |
| 13 | EWZISHARES INC | 3,300,000 | $104.8M | 2.39% | Call |
| 14 | TLTISHARES TR | 1,200,000 | $104.6M | 2.38% | Put |
| 15 | IWMISHARES TR | 400,000 | $98.5M | 2.24% | Put |
| 16 | KMBKIMBERLY-CLARK CORP | 875,500 | $88.3M | 2.01% | Call |
| 17 | TCOM 0.75 06/15/29TRIP COM GROUP LTD | 65,000,000 | $80.0M | 1.82% | |
| 18 | KYIVKYIVSTAR GROUP LTD | 5,971,388 | $77.5M | 1.76% | Call |
| 19 | JAZZ 2 06/15/26JAZZ INVESTMENTS I LTD | 64,300,000 | $74.5M | 1.70% | |
| 20 | BILL 0 04/01/30BILL HOLDINGS INC | 80,150,000 | $74.0M | 1.68% | |
| 21 | MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC. | 69,563,000 | $68.3M | 1.55% | |
| 22 | APO 6.75 07/31/26APOLLO GLOBAL MGMT INC | 900,000 | $67.9M | 1.55% | |
| 23 | AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC | 46,318,000 | $45.8M | 1.04% | |
| 24 | F 0 03/15/26FORD MTR CO | 42,500,000 | $44.1M | 1.00% | |
| 25 | DXCM 0.375 05/15/28DEXCOM INC | 47,500,000 | $43.8M | 1.00% | |
| 26 | NVDANVIDIA CORPORATION | 225,000 | $42.0M | 0.96% | Put |
| 27 | COIN 0.25 04/01/30COINBASE GLOBAL INC | 40,000,000 | $41.1M | 0.93% | |
| 28 | HTHT 3 05/01/26H WORLD GROUP LTD | 30,000,000 | $38.3M | 0.87% | |
| 29 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 37,000,000 | $37.4M | 0.85% | |
| 30 | ALB 7.25 03/01/27ALBEMARLE CORP | 600,000 | $35.4M | 0.81% | |
| 31 | HPE 7.625 09/01/27HEWLETT PACKARD ENTERPRISE C | 525,000 | $34.8M | 0.79% | |
| 32 | DBX 0 03/01/26DROPBOX INC | 34,500,000 | $34.2M | 0.78% | |
| 33 | DCHAMERICAN AXLE & MFG HLDGS IN | 5,237,937 | $33.6M | 0.76% | Call |
| 34 | SATSECHOSTAR CORP | 304,650 | $33.1M | 0.75% | |
| 35 | LI 0.25 05/01/28LI AUTO INC | 31,500,000 | $31.8M | 0.72% | |
| 36 | MIGASTRATEGY INC | 200,000 | $30.4M | 0.69% | Put |
| 37 | SPOT 0 03/15/26SPOTIFY USA INC | 26,500,000 | $30.2M | 0.69% | |
| 38 | DKNG 0 03/15/28DRAFTKINGS INC NEW | 32,900,000 | $30.1M | 0.69% | |
| 39 | WBDWARNER BROS DISCOVERY INC | 1,000,000 | $28.8M | 0.66% | |
| 40 | COIN 0.5 06/01/26COINBASE GLOBAL INC | 25,024,000 | $25.0M | 0.57% | |
| 41 | DBX 0 03/01/28DROPBOX INC | 24,500,000 | $24.7M | 0.56% | |
| 42 | BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC | 21,730,000 | $24.5M | 0.56% | |
| 43 | REAL 4 02/15/31THE REALREAL INC | 13,897,000 | $23.6M | 0.54% | |
| 44 | BACCBLUE ACQUISITION CORP. | 1,960,185 | $20.0M | 0.46% | |
| 45 | CCCHEMOURS CO | 1,651,275 | $19.5M | 0.44% | |
| 46 | ITBISHARES TR | 200,000 | $19.3M | 0.44% | Call |
| 47 | COGTCOGENT BIOSCIENCES INC | 16,000,000 | $18.7M | 0.43% | |
| 48 | IBITISHARES BITCOIN TRUST ETF | 370,800 | $18.4M | 0.42% | Put |
| 49 | PSN 2.625 03/01/29PARSONS CORP DEL | 16,877,000 | $17.4M | 0.40% | |
| 50 | ARKKARK ETF TR | 200,000 | $15.4M | 0.35% | Put |
| 51 | EXAS 0.375 03/15/27EXACT SCIENCES CORP | 13,811,000 | $14.4M | 0.33% | |
| 52 | UNHUNITEDHEALTH GROUP INC | 43,600 | $14.4M | 0.33% | |
| 53 | W 1 08/15/26WAYFAIR INC | 14,095,000 | $14.1M | 0.32% | |
| 54 | BORRBORR DRILLING LTD | 3,205,564 | $12.9M | 0.29% | |
| 55 | RKTROCKET COS INC | 663,000 | $12.8M | 0.29% | Call |
| 56 | PRGSPROGRESS SOFTWARE CORP | 11,670,000 | $11.6M | 0.26% | |
| 57 | IHSIHS HOLDING LIMITED | 1,552,674 | $11.6M | 0.26% | |
| 58 | MSTR 0 12/01/29STRATEGY INC | 12,500,000 | $10.3M | 0.23% | |
| 59 | BTDRBITDEER TECHNOLOGIES GROUP | 874,003 | $9.8M | 0.22% | Call |
| 60 | XLUSELECT SECTOR SPDR TR | 221,000 | $9.4M | 0.21% | |
| 61 | CLSKCLEANSPARK INC | 919,500 | $9.3M | 0.21% | |
| 62 | SNDKSANDISK CORP | 39,000 | $9.3M | 0.21% | Call |
| 63 | EXAS 0.375 03/01/28EXACT SCIENCES CORP | 8,611,000 | $8.8M | 0.20% | |
| 64 | CORZCORE SCIENTIFIC INC NEW | 600,000 | $8.7M | 0.20% | Call |
| 65 | BABAALIBABA GROUP HLDG LTD | 59,486 | $8.7M | 0.20% | |
| 66 | MUMICRON TECHNOLOGY INC | 30,000 | $8.6M | 0.19% | |
| 67 | HYGISHARES TR | 87,011 | $7.0M | 0.16% | |
| 68 | IHRTIHEARTMEDIA INC | 1,623,571 | $6.8M | 0.15% | |
| 69 | CMCSACOMCAST CORP NEW | 225,000 | $6.7M | 0.15% | |
| 70 | BKLNINVESCO EXCH TRADED FD TR II | 319,787 | $6.7M | 0.15% | |
| 71 | VSH 2.25 09/15/30VISHAY INTERTECHNOLOGY INC | 7,000,000 | $6.3M | 0.14% | |
| 72 | KK0NEXTNAV INC | 378,128 | $6.3M | 0.14% | |
| 73 | JPXAEROVIRONMENT INC | 25,500 | $6.2M | 0.14% | |
| 74 | FMCFMC CORP | 400,000 | $5.5M | 0.13% | |
| 75 | EWYISHARES INC | 53,000 | $5.2M | 0.12% | |
| 76 | EWWISHARES INC | 74,000 | $5.1M | 0.12% | |
| 77 | FCXFREEPORT-MCMORAN INC | 100,000 | $5.1M | 0.12% | Call |
| 78 | GPN 1.5 03/01/31GLOBAL PMTS INC | 5,612,000 | $5.0M | 0.11% | |
| 79 | EWJISHARES INC | 61,500 | $5.0M | 0.11% | |
| 80 | URAGLOBAL X FDS | 115,000 | $4.9M | 0.11% | |
| 81 | TERTERADYNE INC | 25,000 | $4.8M | 0.11% | |
| 82 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 2,801,000 | $4.3M | 0.10% | |
| 83 | KWEBKRANESHARES TRUST | 125,000 | $4.3M | 0.10% | |
| 84 | COHRCOHERENT CORP | 21,000 | $3.9M | 0.09% | |
| 85 | COGTCOGENT BIOSCIENCES INC | 105,000 | $3.7M | 0.08% | |
| 86 | GSATGLOBALSTAR INC | 60,000 | $3.7M | 0.08% | |
| 87 | ZTSZOETIS INC | 27,700 | $3.5M | 0.08% | |
| 88 | AVGOBROADCOM INC | 10,000 | $3.5M | 0.08% | |
| 89 | VISNCOMMSCOPE HLDG CO INC | 188,715 | $3.4M | 0.08% | |
| 90 | HPPHUDSON PAC PPTYS INC | 310,989 | $3.4M | 0.08% | |
| 91 | EQTEQT CORP | 60,000 | $3.2M | 0.07% | |
| 92 | TICTIC SOLUTIONS INC | 300,000 | $3.0M | 0.07% | |
| 93 | DMIIDRUGS MADE IN AMER ACQ II CO | 300,000 | $3.0M | 0.07% | |
| 94 | CZRCAESARS ENTERTAINMENT INC NE | 125,000 | $2.9M | 0.07% | |
| 95 | HTZHERTZ GLOBAL HLDGS INC | 556,956 | $2.9M | 0.07% | |
| 96 | CHTRCHARTER COMMUNICATIONS INC N | 13,500 | $2.8M | 0.06% | |
| 97 | DGDOLLAR GEN CORP NEW | 20,000 | $2.7M | 0.06% | |
| 98 | HIIHUNTINGTON INGALLS INDS INC | 7,500 | $2.5M | 0.06% | |
| 99 | TACTRANSALTA CORP | 200,000 | $2.5M | 0.06% | |
| 100 | MPMP MATERIALS CORP | 50,000 | $2.5M | 0.06% |
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