TUDOR INVESTMENT CORP ET AL Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$54.0B

Holdings

2,090

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (2,090 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IWMIshares Russell 2000 Etf - US ETP	37,862,490	$9.3B	17.25%	Put
2	NDQInvesco Qqq Trust Series 1 - US ETP	6,998,272	$4.3B	7.95%	Put
3	SPYState Street SPDR S&P 500 ETF Trust - US ETP	2,104,530	$1.4B	2.65%	Put
4	NVDANvidia Corp - US	6,194,551	$1.2B	2.14%	Put
5	MSFTMicrosoft Corp - US	2,098,481	$1.0B	1.87%	Put
6	IVVIshares Core S&P 500 Etf - US ETP	1,432,792	$980.0M	1.81%	Call
7	XLEState Street Energy Select Sector SPDR ETF - US ET	18,972,170	$847.0M	1.57%	Put
8	AAPLApple Inc - US	3,069,209	$833.0M	1.54%	Put
9	GOOGLAlphabet, Inc.	2,633,098	$823.0M	1.52%	Put
10	AMZNAmazon.Com Inc - US	3,373,575	$777.0M	1.44%	Put
11	METAMeta Platforms Inc - US	934,900	$616.0M	1.14%	Put
12	EEMIshares Msci Emerging Markets Etf - US ETP	11,164,200	$610.0M	1.13%	Put
13	XLFState Street Financial Select Sector SPDR ETF - US	9,450,274	$516.0M	0.95%	Put
14	XLUState Street Utilities Select Sector SPDR ETF - US	11,796,800	$502.0M	0.93%	Put
15	GQ9Spdr Gold Shares - US ETP	1,263,335	$500.0M	0.93%	Put
16	FXIIshares China Large-Cap Etf - US ETP	11,489,916	$438.0M	0.81%	Put
17	NFLXNetflix Inc - US	4,339,546	$405.0M	0.75%	Put
18	GOOGAlphabet, Inc. - C Shares	1,210,224	$379.0M	0.70%	Put
19	LVLNState Street SPDR S&P Regional Banking ETF - US ET	5,806,300	$375.0M	0.69%	Put
20	UNHUnitedhealth Group Inc - US	1,008,103	$331.0M	0.61%	Put
21	KWEBKraneshares Csi China Internet Etf - US ETP	9,706,931	$328.0M	0.61%	Put
22	AMDAdvanced Micro Devices Inc - US	1,391,656	$296.0M	0.55%	Put
23	MUMicron Technology Inc - US	808,700	$230.0M	0.43%	Put
24	XLKState Street Technology Select Sector SPDR ETF - U	1,569,500	$225.0M	0.42%	Put
25	DWDMorgan Stanley - US	1,251,136	$221.0M	0.41%	Put
26	CVXChevron Corp - US	1,448,343	$220.0M	0.41%	Put
27	TSLATesla Inc - US	490,900	$219.0M	0.41%	Put
28	LLYEli Lilly & Co - US	200,458	$214.0M	0.40%	Put
29	SMHVaneck Semiconductor Etf - US ETP	582,636	$208.0M	0.38%	Put
30	CATCaterpillar Inc - US	365,400	$207.0M	0.38%	Put
31	EXASExact Sciences Corp - US	1,987,828	$200.0M	0.37%	Put
32	JPMJpmorgan Chase & Co - US	609,824	$194.0M	0.36%	Put
33	TSMTaiwan Semiconductor Manufacturing Co Ltd - US ADR	621,057	$187.0M	0.35%	Put
34	EAElectronic Arts Inc - US	893,433	$181.0M	0.33%	Put
35	NOWServicenow Inc - US	1,158,547	$176.0M	0.33%	Put
36	SEESealed Air Corp - US	4,185,246	$173.0M	0.32%
37	WMTWalmart Inc - US	1,563,400	$173.0M	0.32%	Put
38	ADBEAdobe Inc - US	478,626	$167.0M	0.31%	Put
39	XOPState Street SPDR S&P Oil & Gas Exploration & Prod	1,322,197	$166.0M	0.31%	Put
40	CYBRCyberark Software Ltd - US	372,161	$165.0M	0.31%	Put
41	MCDMcdonald's Corp - US	538,114	$163.0M	0.30%	Put
42	LINNew Linde Plc - US	380,941	$161.0M	0.30%	Put
43	GDXVaneck Gold Miners Etf/Usa - US ETP	1,843,551	$156.0M	0.29%	Put
44	MIGAStrategy Inc - US	1,017,260	$153.0M	0.28%	Put
45	BRK/BBerkshire Hathaway Inc - US Class B	288,776	$144.0M	0.27%	Put
46	GSGoldman Sachs Group Inc/The - US	164,700	$143.0M	0.26%	Put
47	PLTRPalantir Technologies Inc - US	762,107	$134.0M	0.25%	Put
48	KVUEKenvue Inc - US	7,769,183	$132.0M	0.24%	Put
49	STZConstellation Brands Inc - US	958,900	$132.0M	0.24%	Put
50	XBIState Street SPDR S&P Biotech ETF - US ETP	1,082,500	$131.0M	0.24%	Put
51	BABAAlibaba Group Holding Ltd - US ADR	882,600	$128.0M	0.24%	Put
52	CFLTConfluent Inc - US	4,284,225	$128.0M	0.24%	Put
53	INTCIntel Corp - US	3,511,600	$127.0M	0.24%	Put
54	FISVFiserv Inc - US	1,926,117	$127.0M	0.24%	Put
55	LVSLas Vegas Sands Corp - US	1,929,235	$125.0M	0.23%	Put
56	LULULululemon Athletica Inc - US	595,200	$123.0M	0.23%	Put
57	KMBKimberly-Clark Corp - US	1,209,200	$121.0M	0.22%	Put
58	NVONovo Nordisk A/S - US ADR	2,397,768	$120.0M	0.22%	Put
59	PYPLPaypal Holdings Inc - US	2,072,200	$120.0M	0.22%	Put
60	HOLXHologic Inc - US	1,609,400	$119.0M	0.22%
61	CSCOCisco Systems Inc/Delaware - US	1,561,300	$119.0M	0.22%	Put
62	BACBank Of America Corp - US	2,181,198	$118.0M	0.22%	Put
63	NSCNorfolk Southern Corp - US	399,788	$115.0M	0.21%
64	BLKBlackrock Funding Inc/De - US	109,397	$115.0M	0.21%	Put
65	BABoeing Co/The - US	529,953	$114.0M	0.21%	Put
66	TRVCCitigroup Inc - US	972,200	$113.0M	0.21%	Put
67	JNJJohnson & Johnson - US	527,700	$108.0M	0.20%	Put
68	IBITiShares Bitcoin Trust ETF - US ETP	2,219,023	$108.0M	0.20%	Put
69	ORCLOracle Corp - US	548,800	$106.0M	0.20%	Put
70	UBERUber Technologies Inc - US	1,310,758	$105.0M	0.19%	Put
71	WDCWestern Digital Corp - US	615,951	$105.0M	0.19%	Put
72	HOODRobinhood Markets Inc - US	920,074	$103.0M	0.19%	Put
73	DYHTarget Corp - US	1,056,400	$102.0M	0.19%	Put
74	LBRDKLiberty Broadband C	2,107,652	$102.0M	0.19%
75	XLIState Street Industrial Select Sector SPDR ETF - U	639,949	$99.0M	0.18%	Call
76	CMGChipotle Mexican Grill Inc - US	2,704,000	$99.0M	0.18%	Put
77	CMAComerica Inc - US	1,136,771	$97.0M	0.18%	Put
78	WBDWarner Bros Discovery Inc - A	3,392,000	$97.0M	0.18%	Put
79	COINCoinbase Global Inc - US	431,292	$96.0M	0.18%	Put
80	XLYState Street Consumer Discretionary Select Sector	783,616	$92.0M	0.17%	Put
81	URAGlobal X Uranium Etf - US ETP	2,173,902	$91.0M	0.17%	Put
82	AVDLAvadel Pharmaceuticals Plc - US	4,276,741	$91.0M	0.17%	Put
83	MRKMerck & Co Inc - US	874,300	$91.0M	0.17%	Put
84	URIUnited Rentals Inc - US	114,450	$91.0M	0.17%	Put
85	TMUST-Mobile Us Inc - US	443,973	$89.0M	0.16%	Put
86	BKNGBooking Holdings Inc - US	15,941	$83.0M	0.15%	Put
87	UPSUnited Parcel Service Inc - US Class B	838,100	$82.0M	0.15%	Put
88	IBMInternational Business Machines Corp - US	282,801	$82.0M	0.15%	Put
89	CRMSalesforce Inc - US	307,600	$80.0M	0.15%	Put
90	COSTCostco Wholesale Corp - US	91,600	$78.0M	0.14%	Put
91	AVGOBroadcom Inc - US	226,300	$78.0M	0.14%	Put
92	SMCI 3.5 03/01/29Super Micro Computer Inc - US	88,350,000	$78.0M	0.14%
93	MRVLMarvell Technology Inc - US	930,139	$77.0M	0.14%	Put
94	PANWPalo Alto Networks Inc - US	428,316	$77.0M	0.14%	Put
95	HONHoneywell International Inc - US	384,879	$73.0M	0.14%	Put
96	WDAYWorkday Inc - US	350,300	$73.0M	0.14%	Put
97	BSXBoston Scientific Corp - US	785,938	$73.0M	0.14%	Put
98	CVNACarvana Co - US	174,146	$72.0M	0.13%	Put
99	STXSeagate Technology Holdings Plc - US	259,200	$71.0M	0.13%	Put
100	AMATApplied Materials Inc - US	281,500	$71.0M	0.13%	Put

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