WOLVERINE ASSET MANAGEMENT LLC Q4 2025 Filing

Filed February 2, 2026

Portfolio Value

$12.7B

Holdings

1,360

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (1,360 positions)

#StockSharesValue% PortfolioType
1
BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD
246,742,000$383.7M3.02%
2
IRENIREN LIMITED
9,639,552$364.1M2.87%Put
3
BABOEING CO
1,452,900$315.5M2.49%Put
4
RIVNRIVIAN AUTOMOTIVE INC
14,051,000$276.9M2.18%Put
5
6RJ0ROCKET LAB CORP
3,562,800$248.5M1.96%Put
6
AAPLAPPLE INC
849,600$231.0M1.82%Put
7
LCIDLUCID GROUP INC
16,778,500$177.3M1.40%Put
8
MIGASTRATEGY INC
1,140,240$173.3M1.37%Put
9
ASTSAST SPACEMOBILE INC
2,280,300$165.6M1.31%Put
10
NVDANVIDIA CORPORATION
856,100$159.7M1.26%Put
11
BEBLOOM ENERGY CORP
1,737,500$151.0M1.19%Put
12124,835,000$146.3M1.15%
13
SMCI 3.5 03/01/29SUPER MICRO COMPUTER INC
163,919,000$146.0M1.15%
14
METAMETA PLATFORMS INC
204,565$135.0M1.06%Put
15
TCOM 0.75 06/15/29TRIP COM GROUP LTD
106,116,000$130.7M1.03%
16
RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC
92,510,000$116.3M0.92%
17
MARAMARA HOLDINGS INC
12,710,100$114.1M0.90%Put
18
ASND 2.25 04/01/28ASCENDIS PHARMA A/S
79,235,000$112.4M0.89%
19107,214,000$110.4M0.87%
20109,628,000$109.7M0.86%
21
GH 1.25 02/15/31GUARDANT HEALTH INC
57,756,000$105.7M0.83%
22
ON 0.5 03/01/29ON SEMICONDUCTOR CORP
111,316,000$105.7M0.83%
23
COIN 0.5 06/01/26COINBASE GLOBAL INC
103,085,000$102.9M0.81%
24
NIONIO INC
19,862,900$101.3M0.80%Put
25
ABNB 0 03/15/26AIRBNB INC
99,587,000$98.7M0.78%
26
TSLATESLA INC
216,100$97.2M0.77%Put
27
BBIO 2.25 02/01/29BRIDGEBIO PHARMA INC
86,250,000$97.1M0.77%
28
BE 3 06/01/29BLOOM ENERGY CORP
22,757,000$96.5M0.76%
29
SMCISUPER MICRO COMPUTER INC
3,241,903$94.9M0.75%Put
30
INTCINTEL CORP
2,551,200$94.1M0.74%Put
31
TMDX 1.5 06/01/28TRANSMEDICS GROUP INC
62,107,000$93.0M0.73%
32
BACBANK AMERICA CORP
1,669,000$91.8M0.72%Put
33
AMZNAMAZON COM INC
392,500$90.6M0.71%Put
34
LI 0.25 05/01/28LI AUTO INC
89,484,000$90.2M0.71%
35
CIFR 1.75 05/15/30CIPHER MINING INC
25,825,000$90.2M0.71%
36
DKNG 0 03/15/28DRAFTKINGS INC NEW
96,346,000$88.2M0.69%
37
BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC
45,665,000$86.2M0.68%
38
MSTR 2.25 06/15/32STRATEGY INC
77,600,000$86.1M0.68%
39
ALB 7.25 03/01/27ALBEMARLE CORP
1,447,324$85.5M0.67%
40
ENPH 0 03/01/26ENPHASE ENERGY INC
82,793,000$82.0M0.65%
41
AMDADVANCED MICRO DEVICES INC
362,300$77.6M0.61%Put
42
HAE 2.5 06/01/29HAEMONETICS CORP MASS
67,840,000$70.5M0.56%
43
ALHC 4.25 11/15/29ALIGNMENT HEALTHCARE INC
46,000,000$69.9M0.55%
4457,199,000$68.9M0.54%
45
WT 3.25 08/15/29WISDOMTREE INC
56,000,000$67.5M0.53%
46
WK 1.25 08/15/28WORKIVA INC
67,532,000$66.8M0.53%
4770,650,000$66.6M0.53%
48
IRTC 1.5 09/01/29IRHYTHM TECHNOLOGIES INC
47,013,000$65.8M0.52%
49
BTSG 6.75 02/01/27BRIGHTSPRING HEALTH SVCS INC
516,211$65.3M0.51%
50
LITELUMENTUM HLDGS INC
174,900$64.5M0.51%Put
51
MSFTMICROSOFT CORP
131,562$63.6M0.50%Put
52
GOOGALPHABET INC
200,100$62.8M0.49%Put
53
COINCOINBASE GLOBAL INC
276,551$62.5M0.49%Put
54
GOOGLALPHABET INC
199,600$62.5M0.49%Put
55
QCOMQUALCOMM INC
365,200$62.5M0.49%Put
56
CSGS 3.875 09/15/28CSG SYS INTL INC
52,387,000$62.0M0.49%
57
HTHT 3 05/01/26H WORLD GROUP LTD
48,010,000$61.3M0.48%
58
WFCWELLS FARGO CO NEW
657,500$61.3M0.48%Put
59
LNTH 2.625 12/15/27LANTHEUS HLDGS INC
53,393,000$61.1M0.48%
60
WULFTERAWULF INC
5,208,685$59.8M0.47%Put
6152,034,000$59.3M0.47%
62
AVGOBROADCOM INC
161,900$56.0M0.44%Put
63
TRVCCITIGROUP INC
479,300$55.9M0.44%Put
6458,351,000$55.4M0.44%
65
FOUR 0.5 08/01/27SHIFT4 PMTS INC
55,631,000$53.6M0.42%
66
NBISNEBIUS GROUP N.V.
625,300$52.3M0.41%Put
67
MARA 0 03/01/30MARA HOLDINGS INC
66,400,000$52.1M0.41%
68
MUMICRON TECHNOLOGY INC
180,100$51.4M0.41%Put
69
COIN 0.25 04/01/30COINBASE GLOBAL INC
49,350,000$50.5M0.40%
70
ALRM 2.25 06/01/29ALARM COM HLDGS INC
52,944,000$50.5M0.40%
71
MSTR 0 12/01/29STRATEGY INC
61,500,000$50.5M0.40%
72
WWAYFAIR INC
499,500$50.2M0.40%Put
73
AGFIRST MAJESTIC SILVER CORP
3,000,077$50.0M0.39%Put
74
MSTRSTRATEGY INC
38,199,000$48.5M0.38%
75
AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC
48,138,000$47.6M0.38%
76
CLSK 0 06/15/30CLEANSPARK INC
44,683,000$45.9M0.36%
77
GMEGAMESTOP CORP NEW
2,261,963$45.4M0.36%Put
78
AVAV 0 07/15/30AEROVIRONMENT INC
40,053,000$43.6M0.34%
79116,924$42.7M0.34%
80
CLSKCLEANSPARK INC
4,187,403$42.4M0.33%Put
81
IREN 3.25 06/15/30IREN LIMITED
17,252,000$42.3M0.33%
82
SNOWSNOWFLAKE INC
187,635$41.2M0.32%Put
83
FOUR 6 05/01/28SHIFT4 PMTS INC
505,482$40.4M0.32%
84
MPMP MATERIALS CORP
789,200$39.9M0.31%Put
85
LLYELI LILLY & CO
36,500$39.2M0.31%Put
86
SPB 3.375 06/01/29SPECTRUM BRANDS INC
41,392,000$39.1M0.31%
87
MARA 0 06/01/31MARA HOLDINGS INC
46,900,000$39.0M0.31%
88
PD 1.5 10/15/28 *PAGERDUTY INC
41,000,000$39.0M0.31%
8941,000,000$38.8M0.31%
90
DWDMORGAN STANLEY
215,200$38.2M0.30%Put
91
FLNC 2.25 06/15/30FLUENCE ENERGY INC
31,570,000$38.2M0.30%
9236,859,000$37.3M0.29%
93
CRMSALESFORCE INC
138,884$36.8M0.29%Put
94
BTDRBITDEER TECHNOLOGIES GROUP
3,281,670$36.8M0.29%Put
95
RIOTRIOT PLATFORMS INC
2,850,200$36.1M0.28%Put
9638,380,000$35.6M0.28%
97
XOMEXXON MOBIL CORP
290,500$35.0M0.28%Put
98
WKC 3.25 07/01/28WORLD KINECT CORPORATION
32,367,000$34.2M0.27%
99
BTUPEABODY ENERGY CORP
1,146,495$34.0M0.27%Put
100
ORCLORACLE CORP
173,651$33.8M0.27%Put
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