Q4 2025 · 13F-HR
Marathon Trading Investment Management LLCholdings as filed
Filed 2026-02-13 · accession 0001572748-26-000003
$4.41B
Reported value
352
Positions
2025-12-31
Period end
The Brief · Marathon Trading Investment Management LLC · Q4 2025
AI · grounded in 13F
Marathon Trading Investment Management LLC significantly increased its position in NVDA, with share counts rising by as much as 16,924.46%. The fund also accumulated shares in IBIT by 3,334.01% and SLV by 246.74%. On the sell side, the fund trimmed its holdings in RDDT by 99.82% and WOLF by 97.85%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46428Q909 | SLV | ISHARES SILVER TR | $1.18B | 26.6% | 18,242,100 | CALL | SOLE |
| 46428Q959 | SLV | ISHARES SILVER TR | $945.6M | 21.4% | 14,679,400 | PUT | SOLE |
| 67066G954 | NVDA | NVIDIA CORPORATION | $149.1M | 3.38% | 799,700 | PUT | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $131.6M | 2.98% | 705,664 | Common | SOLE |
| 88160R951 | TSLA | TESLA INC | $131.4M | 2.98% | 292,200 | PUT | SOLE |
| 78463V907 | GLD | SPDR GOLD TR | $127.8M | 2.90% | 322,500 | CALL | SOLE |
| 88160R901 | TSLA | TESLA INC | $126.4M | 2.87% | 281,100 | CALL | SOLE |
| 46438F951 | IBIT | ISHARES BITCOIN TRUST ETF | $83.7M | 1.90% | 1,686,100 | PUT | SOLE |
| 037833950 | AAPL | APPLE INC | $69.6M | 1.58% | 256,000 | PUT | SOLE |
| 037833100 | AAPL | APPLE INC | $67.0M | 1.52% | 246,481 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $59.1M | 1.34% | 86,612 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $59.0M | 1.34% | 255,481 | Common | SOLE |
| 023135956 | AMZN | AMAZON COM INC | $58.0M | 1.32% | 251,400 | PUT | SOLE |
| 02079K957 | GOOGL | ALPHABET INC | $56.5M | 1.28% | 180,000 | PUT | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $56.4M | 1.28% | 179,600 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $55.3M | 1.25% | 364,223 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $48.8M | 1.11% | 108,518 | Common | SOLE |
| 46438F901 | IBIT | ISHARES BITCOIN TRUST ETF | $45.9M | 1.04% | 925,400 | CALL | SOLE |
| 78463V957 | GLD | SPDR GOLD TR | $44.6M | 1.01% | 112,500 | PUT | SOLE |
| 69608A958 | PLTR | PALANTIR TECHNOLOGIES INC | $36.7M | 0.83% | 206,500 | PUT | SOLE |
| 19260Q957 | COIN | COINBASE GLOBAL INC | $36.2M | 0.82% | 160,200 | PUT | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $33.3M | 0.75% | 147,126 | Common | SOLE |
| 594972958 | MSTR | STRATEGY INC | $30.2M | 0.69% | 199,000 | PUT | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $30.0M | 0.68% | 62,058 | Common | SOLE |
| 594918954 | MSFT | MICROSOFT CORP | $29.6M | 0.67% | 61,300 | PUT | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $27.9M | 0.63% | 156,987 | Common | SOLE |
| 78462F953 | SPY | SPDR S&P 500 ETF TR | $27.5M | 0.62% | 40,400 | PUT | SOLE |
| 47215P956 | JD | JD.COM INC | $25.4M | 0.58% | 884,800 | PUT | SOLE |
| 30303M902 | META | META PLATFORMS INC | $20.9M | 0.47% | 31,700 | CALL | SOLE |
| 30303M952 | META | META PLATFORMS INC | $20.5M | 0.46% | 31,000 | PUT | SOLE |
| 30303M102 | META | META PLATFORMS INC | $20.3M | 0.46% | 30,775 | Common | SOLE |
| 060505954 | — | BANK AMERICA CORP | $19.8M | 0.45% | 360,200 | PUT | SOLE |
| 722304952 | PDD | PDD HOLDINGS INC | $19.6M | 0.44% | 173,000 | PUT | SOLE |
| 02079K955 | GOOGL | ALPHABET INC | $18.8M | 0.43% | 60,100 | PUT | SOLE |
| 500767906 | — | KRANESHARES TRUST | $17.7M | 0.40% | 520,100 | CALL | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $17.5M | 0.40% | 55,916 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $17.4M | 0.39% | 605,197 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $17.2M | 0.39% | 454,140 | Common | SOLE |
| 037833900 | AAPL | APPLE INC | $15.0M | 0.34% | 55,000 | CALL | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $14.6M | 0.33% | 506,839 | Common | SOLE |
| 01609W952 | BABA | ALIBABA GROUP HLDG LTD | $13.9M | 0.32% | 95,000 | PUT | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $13.8M | 0.31% | 34,812 | Common | SOLE |
| 594972908 | MSTR | STRATEGY INC | $12.7M | 0.29% | 83,500 | CALL | SOLE |
| 093712107 | BE | BLOOM ENERGY CORP | $12.6M | 0.29% | 145,350 | Common | SOLE |
| Q4982L959 | — | IREN LIMITED | $12.4M | 0.28% | 328,300 | PUT | SOLE |
| 934423904 | WBD | WARNER BROS DISCOVERY INC | $12.1M | 0.27% | 420,900 | CALL | SOLE |
| 36467W959 | GME | GAMESTOP CORP NEW | $8.5M | 0.19% | 422,300 | PUT | SOLE |
| Q4982L909 | — | IREN LIMITED | $8.2M | 0.19% | 216,500 | CALL | SOLE |
| 934423954 | WBD | WARNER BROS DISCOVERY INC | $8.1M | 0.18% | 281,200 | PUT | SOLE |
| 78462F903 | SPY | SPDR S&P 500 ETF TR | $7.9M | 0.18% | 11,600 | CALL | SOLE |
| 02079K907 | GOOGL | ALPHABET INC | $7.8M | 0.18% | 25,000 | CALL | SOLE |
| 97785W956 | WOLF | WOLFSPEED INC | $7.8M | 0.18% | 450,000 | PUT | SOLE |
| 829933900 | — | SIRIUSXM HOLDINGS INC | $7.8M | 0.18% | 391,200 | CALL | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $7.1M | 0.16% | 62,986 | Common | SOLE |
| 76954A953 | RIVN | RIVIAN AUTOMOTIVE INC | $7.0M | 0.16% | 353,100 | PUT | SOLE |
| 820014405 | SBET | SHARPLINK GAMING INC | $6.9M | 0.16% | 771,150 | Common | SOLE |
| 92189F956 | — | VANECK ETF TRUST | $6.8M | 0.16% | 76,900 | PUT | SOLE |
| 722304902 | PDD | PDD HOLDINGS INC | $6.6M | 0.15% | 58,200 | CALL | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $6.6M | 0.15% | 44,694 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $5.9M | 0.13% | 9,561 | Common | SHARED |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $5.6M | 0.13% | 59,667 | Common | SOLE |
| 92189F906 | — | VANECK ETF TRUST | $5.5M | 0.12% | 61,000 | CALL | SOLE |
| 458140950 | INTC | INTEL CORP | $5.4M | 0.12% | 147,600 | PUT | SOLE |
| 49177J952 | KVUE | KENVUE INC | $5.2M | 0.12% | 300,100 | PUT | SOLE |
| 458140900 | INTC | INTEL CORP | $4.8M | 0.11% | 129,600 | CALL | SOLE |
| 949746951 | WFC | WELLS FARGO CO NEW | $4.7M | 0.11% | 50,000 | PUT | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $4.5M | 0.10% | 90,900 | Common | SOLE |
| 86800U952 | SMCI | SUPER MICRO COMPUTER INC | $4.4M | 0.10% | 150,000 | PUT | SOLE |
| 01609W902 | BABA | ALIBABA GROUP HLDG LTD | $4.0M | 0.09% | 27,500 | CALL | SOLE |
| 21874A906 | CORZ | CORE SCIENTIFIC INC NEW | $4.0M | 0.09% | 272,800 | CALL | SOLE |
| 458140100 | INTC | INTEL CORP | $3.8M | 0.09% | 103,514 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $3.5M | 0.08% | 60,688 | Common | SOLE |
| 58039P305 | MUX | MCEWEN INC. | $3.5M | 0.08% | 190,300 | Common | SOLE |
| 007903907 | AMD | ADVANCED MICRO DEVICES INC | $3.4M | 0.08% | 16,100 | CALL | SOLE |
| 19260Q907 | COIN | COINBASE GLOBAL INC | $3.4M | 0.08% | 15,000 | CALL | SOLE |
| 36467W909 | GME | GAMESTOP CORP NEW | $3.2M | 0.07% | 159,000 | CALL | SOLE |
| 500767956 | — | KRANESHARES TRUST | $3.1M | 0.07% | 91,600 | PUT | SOLE |
| 060505682 | BAC 7.25 PERP L | BANK AMERICA CORP | $3.1M | 0.07% | 2,464 | Common | SHARED |
| 49177J102 | KVUE | KENVUE INC | $3.0M | 0.07% | 174,088 | Common | SOLE |
| 67066G904 | NVDA | NVIDIA CORPORATION | $3.0M | 0.07% | 16,100 | CALL | SOLE |
| 70450Y953 | PYPL | PAYPAL HLDGS INC | $3.0M | 0.07% | 51,300 | PUT | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $3.0M | 0.07% | 205,373 | Common | SOLE |
| 595112953 | MU | MICRON TECHNOLOGY INC | $2.7M | 0.06% | 9,600 | PUT | SOLE |
| 36828A951 | GEV | GE VERNOVA INC | $2.6M | 0.06% | 4,000 | PUT | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $2.6M | 0.06% | 69,698 | Common | SOLE |
| 038169207 | APLD | APPLIED DIGITAL CORP | $2.5M | 0.06% | 100,000 | Common | SOLE |
| 433000956 | HIMS | HIMS & HERS HEALTH INC | $2.4M | 0.06% | 75,000 | PUT | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $2.4M | 0.05% | 6,963 | Common | SOLE |
| 47215P906 | JD | JD.COM INC | $2.3M | 0.05% | 79,300 | CALL | SOLE |
| 76954A103 | RIVN | RIVIAN AUTOMOTIVE INC | $2.2M | 0.05% | 110,997 | Common | SOLE |
| 683712103 | OPEN | OPENDOOR TECHNOLOGIES INC | $2.2M | 0.05% | 373,800 | Common | SHARED |
| G79483906 | LAES | SEALSQ CORP | $2.2M | 0.05% | 570,300 | CALL | SOLE |
| 20464U900 | — | COMPASS INC | $2.2M | 0.05% | 203,700 | CALL | SOLE |
| 46438R955 | ETHA | ISHARES ETHEREUM TR | $2.1M | 0.05% | 93,000 | PUT | SOLE |
| 46438R905 | ETHA | ISHARES ETHEREUM TR | $2.0M | 0.05% | 90,500 | CALL | SOLE |
| 86384P909 | — | STUBHUB HLDGS INC | $2.0M | 0.05% | 150,000 | CALL | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $2.0M | 0.05% | 23,876 | Common | SOLE |
| 042068205 | ARM | ARM HOLDINGS PLC | $2.0M | 0.04% | 18,000 | Common | SOLE |
| 023135906 | AMZN | AMAZON COM INC | $2.0M | 0.04% | 8,500 | CALL | SOLE |
| 565788106 | MARA | MARA HOLDINGS INC | $1.9M | 0.04% | 216,866 | Common | SOLE |
| 08862E109 | BYND | BEYOND MEAT INC | $1.9M | 0.04% | 2,283,940 | Common | SHARED |
| N97284908 | — | NEBIUS GROUP N.V. | $1.8M | 0.04% | 21,500 | CALL | SOLE |
| 21873S958 | CRWV | COREWEAVE INC | $1.8M | 0.04% | 25,000 | PUT | SOLE |
| 172573957 | CRCL | CIRCLE INTERNET GROUP INC | $1.8M | 0.04% | 22,300 | PUT | SOLE |
| 36828A901 | GEV | GE VERNOVA INC | $1.6M | 0.04% | 2,500 | CALL | SOLE |
| 243537107 | DECK | DECKERS OUTDOOR CORP | $1.6M | 0.04% | 14,984 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $1.5M | 0.04% | 28,113 | Common | SOLE |
| 15135B101 | CNC | CENTENE CORP DEL | $1.5M | 0.03% | 37,480 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $1.5M | 0.03% | 7,777 | Common | SHARED |
| 81730H109 | S | SENTINELONE INC | $1.5M | 0.03% | 100,800 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $1.5M | 0.03% | 8,705 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $1.5M | 0.03% | 7,258 | Common | SOLE |
| 83406F102 | SOFI | SOFI TECHNOLOGIES INC | $1.5M | 0.03% | 56,964 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $1.5M | 0.03% | 3,500 | Common | SHARED |
| 21036P108 | STZ | CONSTELLATION BRANDS INC | $1.4M | 0.03% | 10,442 | Common | SOLE |
| 366651107 | IT | GARTNER INC | $1.4M | 0.03% | 5,695 | Common | SOLE |
| 88339J105 | TTD | THE TRADE DESK INC | $1.4M | 0.03% | 37,622 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $1.4M | 0.03% | 2,184 | Common | SOLE |
| 260557103 | DOW | DOW INC | $1.4M | 0.03% | 61,034 | Common | SOLE |
| 303075105 | FDS | FACTSET RESH SYS INC | $1.4M | 0.03% | 4,911 | Common | SOLE |
| 97785W106 | WOLF | WOLFSPEED INC | $1.4M | 0.03% | 81,434 | Common | SOLE |
| N53745100 | LYB | LYONDELLBASELL INDUSTRIES N | $1.4M | 0.03% | 32,614 | Common | SOLE |
| 217204106 | CPRT | COPART INC | $1.4M | 0.03% | 35,890 | Common | SOLE |
| 16119P108 | CHTR | CHARTER COMMUNICATIONS INC N | $1.4M | 0.03% | 6,714 | Common | SOLE |
| 071813109 | BAX | BAXTER INTL INC | $1.4M | 0.03% | 72,619 | Common | SOLE |
| 380237107 | GDDY | GODADDY INC | $1.4M | 0.03% | 11,116 | Common | SOLE |
| 205887102 | CAG | CONAGRA BRANDS INC | $1.4M | 0.03% | 78,986 | Common | SOLE |
| 015271109 | ARE | ALEXANDRIA REAL ESTATE EQ IN | $1.3M | 0.03% | 27,433 | Common | SOLE |
| 29355A107 | ENPH | ENPHASE ENERGY INC | $1.3M | 0.03% | 41,887 | Common | SOLE |
| 67079K100 | SMR | NUSCALE PWR CORP | $1.3M | 0.03% | 92,095 | Common | SHARED |
| 093712957 | BE | BLOOM ENERGY CORP | $1.3M | 0.03% | 15,000 | PUT | SOLE |
| 134429109 | CPB | THE CAMPBELLS COMPANY | $1.3M | 0.03% | 45,722 | Common | SOLE |
| 293594107 | ENVX | ENOVIX CORPORATION | $1.2M | 0.03% | 166,723 | Common | SOLE |
| 86800U902 | SMCI | SUPER MICRO COMPUTER INC | $1.2M | 0.03% | 40,000 | CALL | SOLE |
| 76954A903 | RIVN | RIVIAN AUTOMOTIVE INC | $1.2M | 0.03% | 59,400 | CALL | SOLE |
| 433000106 | HIMS | HIMS & HERS HEALTH INC | $1.2M | 0.03% | 35,933 | Common | SOLE |
| 97785W906 | WOLF | WOLFSPEED INC | $1.2M | 0.03% | 67,000 | CALL | SOLE |
| 526057104 | LEN | LENNAR CORP | $1.1M | 0.03% | 11,000 | Common | SOLE |
| 595112903 | MU | MICRON TECHNOLOGY INC | $1.1M | 0.03% | 3,900 | CALL | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $1.1M | 0.02% | 3,317 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $1.1M | 0.02% | 31,643 | Common | SOLE |
| 189054109 | CLX | CLOROX CO DEL | $1.1M | 0.02% | 10,663 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $1.1M | 0.02% | 3,709 | Common | SOLE |
| 62914V106 | NIO | NIO INC | $1.0M | 0.02% | 199,321 | Common | SOLE |
| 60770K107 | MRNA | MODERNA INC | $1.0M | 0.02% | 34,277 | Common | SOLE |
| 989207105 | ZBRA | ZEBRA TECHNOLOGIES CORPORATI | $995,319 | 0.02% | 4,099 | Common | SOLE |
| 803054204 | SAP | SAP SE | $971,640 | 0.02% | 4,000 | Common | SOLE |
| 949746901 | WFC | WELLS FARGO CO NEW | $950,640 | 0.02% | 10,200 | CALL | SOLE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $941,767 | 0.02% | 11,876 | Common | SHARED |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $921,000 | 0.02% | 5,000 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $914,721 | 0.02% | 13,618 | Common | SOLE |
| 143130102 | KMX | CARMAX INC | $912,947 | 0.02% | 23,627 | Common | SOLE |
| 21873S908 | CRWV | COREWEAVE INC | $895,125 | 0.02% | 12,500 | CALL | SOLE |
| 87612E106 | TGT | TARGET CORP | $887,179 | 0.02% | 9,076 | Common | SOLE |
| N97284958 | — | NEBIUS GROUP N.V. | $878,902 | 0.02% | 10,500 | PUT | SOLE |
| 11135F901 | AVGO | BROADCOM INC | $865,250 | 0.02% | 2,500 | CALL | SOLE |
| 73278L105 | POOL | POOL CORP | $846,375 | 0.02% | 3,700 | Common | SOLE |
| 090040106 | BILI | BILIBILI INC | $831,044 | 0.02% | 33,796 | Common | SOLE |
| 097023105 | BA | BOEING CO | $828,096 | 0.02% | 3,814 | Common | SHARED |
| 69608A908 | PLTR | PALANTIR TECHNOLOGIES INC | $817,650 | 0.02% | 4,600 | CALL | SOLE |
| 166764900 | CVX | CHEVRON CORP NEW | $777,291 | 0.02% | 5,100 | CALL | SOLE |
| 833445909 | SNOW | SNOWFLAKE INC | $767,760 | 0.02% | 3,500 | CALL | SOLE |
| 20464U100 | COMP | COMPASS INC | $766,325 | 0.02% | 72,500 | Common | SOLE |
| 83304A106 | SNAP | SNAP INC | $764,148 | 0.02% | 94,690 | Common | SHARED |
| 29530P102 | ERIE | ERIE INDTY CO | $760,769 | 0.02% | 2,654 | Common | SOLE |
| 172967954 | C | CITIGROUP INC | $758,485 | 0.02% | 6,500 | PUT | SOLE |
| 855244909 | SBUX | STARBUCKS CORP | $757,890 | 0.02% | 9,000 | CALL | SOLE |
| 654106103 | NKE | NIKE INC | $732,665 | 0.02% | 11,500 | Common | SHARED |
| 30231G902 | XOM | EXXON MOBIL CORP | $710,006 | 0.02% | 5,900 | CALL | SOLE |
| 007903957 | AMD | ADVANCED MICRO DEVICES INC | $685,312 | 0.02% | 3,200 | PUT | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $670,478 | 0.02% | 7,151 | Common | SOLE |
| 343412902 | FLR | FLUOR CORP NEW | $653,895 | 0.01% | 16,500 | CALL | SOLE |
| 46429B598 | INDA | ISHARES TR | $637,250 | 0.01% | 11,790 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $634,816 | 0.01% | 6,400 | Common | SOLE |
| 49177J902 | KVUE | KENVUE INC | $608,925 | 0.01% | 35,300 | CALL | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $605,821 | 0.01% | 8,460 | Common | SHARED |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $565,665 | 0.01% | 14,628 | Common | SOLE |
| 92826C839 | V | VISA INC | $561,136 | 0.01% | 1,600 | Common | SOLE |
| 316841105 | FIG | FIGMA INC | $560,550 | 0.01% | 15,000 | Common | SHARED |
| 08862E909 | BYND | BEYOND MEAT INC | $547,842 | 0.01% | 668,100 | CALL | SOLE |
| 949746804 | WFC 7.5 PERP L | WELLS FARGO CO NEW | $538,128 | 0.01% | 444 | Common | SHARED |
| 83406F902 | SOFI | SOFI TECHNOLOGIES INC | $523,600 | 0.01% | 20,000 | CALL | SOLE |
| 11135F951 | AVGO | BROADCOM INC | $519,150 | 0.01% | 1,500 | PUT | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $486,180 | 0.01% | 6,000 | Common | SHARED |
| 806857108 | SLB | SLB LIMITED | $485,507 | 0.01% | 12,650 | Common | SHARED |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $484,867 | 0.01% | 5,934 | Common | SOLE |
| 767292105 | RIOT | RIOT PLATFORMS INC | $462,911 | 0.01% | 36,536 | Common | SOLE |
| 767292905 | RIOT | RIOT PLATFORMS INC | $462,455 | 0.01% | 36,500 | CALL | SOLE |
| 81730H909 | — | SENTINELONE INC | $450,000 | 0.01% | 30,000 | CALL | SOLE |
| 60770K907 | MRNA | MODERNA INC | $448,248 | 0.01% | 15,200 | CALL | SOLE |
| 464287952 | — | ISHARES TR | $435,800 | 0.01% | 5,000 | PUT | SOLE |
| 81642T909 | SLS | SELLAS LIFE SCIENCES GROUP I | $432,042 | 0.01% | 114,600 | CALL | SOLE |
| 565788956 | MARA | MARA HOLDINGS INC | $422,958 | 0.01% | 47,100 | PUT | SOLE |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $420,368 | 0.01% | 18,800 | Common | SHARED |
| 29414B104 | EPAM | EPAM SYS INC | $416,726 | 0.01% | 2,034 | Common | SOLE |
| 042068955 | ARM | ARM HOLDINGS PLC | $415,378 | 0.01% | 3,800 | PUT | SOLE |
| 76655K103 | RGTI | RIGETTI COMPUTING INC | $407,560 | 0.01% | 18,400 | Common | SHARED |
| 53681J103 | LAC | LITHIUM AMERS CORP NEW | $402,428 | 0.01% | 92,300 | Common | SHARED |
| 00165C902 | — | AMC ENTMT HLDGS INC | $402,012 | 0.01% | 257,700 | CALL | SOLE |
| 016255101 | ALGN | ALIGN TECHNOLOGY INC | $396,153 | 0.01% | 2,537 | Common | SOLE |
| 874039900 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $395,057 | 0.01% | 1,300 | CALL | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $393,471 | 0.01% | 3,900 | Common | SHARED |
| 464286772 | EWY | ISHARES INC | $388,880 | 0.01% | 4,000 | Common | SOLE |
| 46090E903 | QQQ | INVESCO QQQ TR | $368,586 | 0.01% | 600 | CALL | SOLE |
| 682680103 | OKE | ONEOK INC NEW | $362,870 | 0.01% | 4,937 | Common | SOLE |
| 02156V959 | OKLO | OKLO INC | $358,800 | 0.01% | 5,000 | PUT | SOLE |
| 042068905 | ARM | ARM HOLDINGS PLC | $349,792 | 0.01% | 3,200 | CALL | SOLE |
| 36467W109 | GME | GAMESTOP CORP NEW | $349,613 | 0.01% | 17,411 | Common | SHARED |
| 277432100 | EMN | EASTMAN CHEM CO | $341,490 | 0.01% | 5,350 | Common | SOLE |
| 46438R105 | ETHA | ISHARES ETHEREUM TR | $337,930 | 0.01% | 15,066 | Common | SOLE |
| 86800U302 | SMCI | SUPER MICRO COMPUTER INC | $337,542 | 0.01% | 11,532 | Common | SHARED |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $330,854 | 0.01% | 7,400 | Common | SHARED |
| 00165C302 | AMC | AMC ENTMT HLDGS INC | $314,170 | 0.01% | 201,391 | Common | SHARED |
| 855244109 | SBUX | STARBUCKS CORP | $312,588 | 0.01% | 3,712 | Common | SOLE |
| 70450Y903 | PYPL | PAYPAL HLDGS INC | $309,414 | 0.01% | 5,300 | CALL | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $307,950 | 0.01% | 2,559 | Common | SOLE |
| 090040906 | BILI | BILIBILI INC | $304,916 | 0.01% | 12,400 | CALL | SOLE |
| 75734B100 | RDDT | REDDIT INC | $296,532 | 0.01% | 1,290 | Common | SOLE |
| 26740W109 | QBTS | D-WAVE QUANTUM INC | $295,495 | 0.01% | 11,300 | Common | SHARED |
| 17253J906 | CIFRW | CIPHER MINING INC | $295,200 | 0.01% | 20,000 | CALL | SOLE |
| 21874A956 | CORZ | CORE SCIENTIFIC INC NEW | $291,200 | 0.01% | 20,000 | PUT | SOLE |
| 06748M196 | VXX | BARCLAYS BANK PLC | $291,170 | 0.01% | 11,000 | Common | SHARED |
| 293594907 | ENVX | ENOVIX CORPORATION | $271,201 | 0.01% | 37,100 | CALL | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $268,342 | 0.01% | 1,253 | Common | SOLE |
| 72352L106 | PINS | PINTEREST INC | $266,667 | 0.01% | 10,300 | Common | SHARED |
| 74347G440 | BITO | PROSHARES TR | $259,032 | 0.01% | 21,302 | Common | SHARED |
| 09062X103 | BIIB | BIOGEN INC | $255,186 | 0.01% | 1,450 | Common | SOLE |
| 02156V109 | OKLO | OKLO INC | $254,748 | 0.01% | 3,550 | Common | SHARED |
| 62914V956 | NIO | NIO INC | $254,490 | 0.01% | 49,900 | PUT | SOLE |
| 292671708 | UUUU | ENERGY FUELS INC | $254,450 | 0.01% | 17,500 | Common | SOLE |
| 172573907 | CRCL | CIRCLE INTERNET GROUP INC | $253,760 | 0.01% | 3,200 | CALL | SOLE |
| 12468P104 | AI | C3 AI INC | $233,635 | 0.01% | 17,332 | Common | SHARED |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $220,136 | 0.00% | 5,600 | Common | SOLE |
| 74767V109 | QS | QUANTUMSCAPE CORP | $220,112 | 0.00% | 21,124 | Common | SHARED |
| 833445959 | SNOW | SNOWFLAKE INC | $219,360 | 0.00% | 1,000 | PUT | SOLE |
| 00971T101 | AKAM | AKAMAI TECHNOLOGIES INC | $218,125 | 0.00% | 2,500 | Common | SOLE |
| 679295105 | OKTA | OKTA INC | $216,175 | 0.00% | 2,500 | Common | SOLE |
| 25400Q105 | DJT | TRUMP MEDIA & TECHNOLOGY GRO | $214,475 | 0.00% | 16,199 | Common | SHARED |
| 674599905 | — | OCCIDENTAL PETE CORP | $213,824 | 0.00% | 5,200 | CALL | SOLE |
| 874039950 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $212,723 | 0.00% | 700 | PUT | SOLE |
| 67079K950 | — | NUSCALE PWR CORP | $212,550 | 0.00% | 15,000 | PUT | SOLE |
| 92766K403 | SPCE | VIRGIN GALACTIC HOLDINGS INC | $204,798 | 0.00% | 63,800 | Common | SOLE |
| 070830104 | BBWI | BATH & BODY WORKS INC | $200,800 | 0.00% | 10,000 | Common | SOLE |
| 17275R902 | — | CISCO SYS INC | $200,278 | 0.00% | 2,600 | CALL | SOLE |
| 29355A907 | ENPH | ENPHASE ENERGY INC | $195,505 | 0.00% | 6,100 | CALL | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $193,426 | 0.00% | 1,700 | Common | SHARED |
| 46428Q109 | SLV | ISHARES SILVER TR | $193,260 | 0.00% | 3,000 | Common | SOLE |
| 87288V101 | TSSI | TSS INC DEL | $192,672 | 0.00% | 27,252 | Common | SOLE |
| 04626A953 | ALAB | ASTERA LABS INC | $182,996 | 0.00% | 1,100 | PUT | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $171,395 | 0.00% | 41,500 | Common | SOLE |
| 09175A906 | BMNR | BITMINE IMMERSION TECNOLOGIE | $168,330 | 0.00% | 6,200 | CALL | SOLE |
| 72919P202 | PLUG | PLUG POWER INC | $168,041 | 0.00% | 85,300 | Common | SHARED |
| 594972887 | MSTR 8 PERP | STRATEGY INC | $165,396 | 0.00% | 2,100 | Common | SHARED |
| 477143951 | — | JETBLUE AWYS CORP | $160,615 | 0.00% | 35,300 | PUT | SOLE |
| 62914V906 | NIO | NIO INC | $153,510 | 0.00% | 30,100 | CALL | SOLE |
| 08975B109 | BBAI | BIGBEAR AI HLDGS INC | $149,040 | 0.00% | 27,600 | Common | SHARED |
| 72919P902 | PLUG | PLUG POWER INC | $147,750 | 0.00% | 75,000 | CALL | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $145,844 | 0.00% | 7,294 | Common | SHARED |
| 98421M106 | XRX | XEROX HOLDINGS CORP | $143,752 | 0.00% | 60,655 | Common | SOLE |
| 17253J106 | CIFR | CIPHER MINING INC | $143,172 | 0.00% | 9,700 | Common | SHARED |
| 63942X106 | NVTS | NAVITAS SEMICONDUCTOR CORP | $142,800 | 0.00% | 20,000 | Common | SOLE |
| 04342Y104 | ASAN | ASANA INC | $137,100 | 0.00% | 10,000 | Common | SOLE |
| 09175A956 | BMNR | BITMINE IMMERSION TECNOLOGIE | $135,750 | 0.00% | 5,000 | PUT | SOLE |
| 25400Q955 | — | TRUMP MEDIA & TECHNOLOGY GRO | $135,048 | 0.00% | 10,200 | PUT | SOLE |
| 549498202 | LCID | LUCID GROUP INC | $132,738 | 0.00% | 12,558 | Common | SHARED |
| 464288414 | MUB | ISHARES TR | $128,532 | 0.00% | 1,200 | Common | SOLE |
| 09175A206 | BMNR | BITMINE IMMERSION TECNOLOGIE | $128,067 | 0.00% | 4,717 | Common | SOLE |
| 138035704 | CGC | CANOPY GROWTH CORP | $126,654 | 0.00% | 111,100 | Common | SOLE |
| 88688T209 | TLRY | TILRAY BRANDS INC | $125,246 | 0.00% | 13,870 | Common | SHARED |
| 855244959 | SBUX | STARBUCKS CORP | $109,473 | 0.00% | 1,300 | PUT | SOLE |
| 22717L101 | CRON | CRONOS GROUP INC | $100,466 | 0.00% | 38,200 | Common | SOLE |
| 820014955 | — | SHARPLINK GAMING INC | $99,234 | 0.00% | 11,100 | PUT | SOLE |
| 464287432 | TLT | ISHARES TR | $96,922 | 0.00% | 1,112 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $86,856 | 0.00% | 14,100 | Common | SHARED |
| 08862E959 | BYND | BEYOND MEAT INC | $86,100 | 0.00% | 105,000 | PUT | SOLE |
| 29355A957 | ENPH | ENPHASE ENERGY INC | $80,125 | 0.00% | 2,500 | PUT | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $77,882 | 0.00% | 511 | Common | SOLE |
| 09228F103 | BB | BLACKBERRY LTD | $70,115 | 0.00% | 18,500 | Common | SHARED |
| 02462A104 | ABTC | AMERICAN BITCOIN CORP. | $66,640 | 0.00% | 39,200 | Common | SOLE |
| 04626A903 | ALAB | ASTERA LABS INC | $66,544 | 0.00% | 400 | CALL | SOLE |
| 654902204 | NOK | NOKIA CORP | $64,700 | 0.00% | 10,000 | Common | SOLE |
| 690370101 | BBBY | BED BATH & BEYOND INC | $60,060 | 0.00% | 11,000 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $50,211 | 0.00% | 1,267 | Common | SOLE |
| 00165C952 | — | AMC ENTMT HLDGS INC | $49,296 | 0.00% | 31,600 | PUT | SOLE |
| 64110L906 | NFLX | NETFLIX INC | $46,880 | 0.00% | 500 | CALL | SOLE |
| 75734B900 | RDDT | REDDIT INC | $45,974 | 0.00% | 200 | CALL | SOLE |
| 05508R106 | BGS | B & G FOODS INC NEW | $43,000 | 0.00% | 10,000 | Common | SOLE |
| 806857908 | — | SLB LIMITED | $38,380 | 0.00% | 1,000 | CALL | SOLE |
| 172967904 | C | CITIGROUP INC | $35,007 | 0.00% | 300 | CALL | SOLE |
| 565788906 | MARA | MARA HOLDINGS INC | $28,736 | 0.00% | 3,200 | CALL | SOLE |
| 18914F103 | CLOV | CLOVER HEALTH INVESTMENTS CO | $25,850 | 0.00% | 11,000 | Common | SOLE |
| 35953D104 | FUBOGBP | FUBOTV INC | $25,200 | 0.00% | 10,000 | Common | SOLE |
| 550424303 | LAZRQ | LUMINAR TECHNOLOGIES INC | $24,710 | 0.00% | 308,875 | Common | SOLE |
| 464288953 | — | ISHARES TR | $24,189 | 0.00% | 300 | PUT | SOLE |
| 30231G952 | XOM | EXXON MOBIL CORP | $24,068 | 0.00% | 200 | PUT | SOLE |
| 75734B950 | RDDT | REDDIT INC | $22,987 | 0.00% | 100 | PUT | SOLE |
| 04626A103 | ALAB | ASTERA LABS INC | $22,791 | 0.00% | 137 | Common | SOLE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $20,560 | 0.00% | 500 | Common | SHARED |
| 771049903 | RBLX | ROBLOX CORP | $16,206 | 0.00% | 200 | CALL | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $15,194 | 0.00% | 50 | Common | SOLE |
| 92189F901 | — | VANECK ETF TRUST | $11,378 | 0.00% | 100 | CALL | SOLE |
| 464287904 | — | ISHARES TR | $10,942 | 0.00% | 200 | CALL | SOLE |
| 494368903 | KMB | KIMBERLY-CLARK CORP | $10,089 | 0.00% | 100 | CALL | SOLE |
| 81369Y956 | — | SELECT SECTOR SPDR TR | $8,740 | 0.00% | 200 | PUT | SOLE |
| 81369Y906 | — | SELECT SECTOR SPDR TR | $8,538 | 0.00% | 200 | CALL | SOLE |
| 74347G900 | — | PROSHARES TR | $8,512 | 0.00% | 700 | CALL | SOLE |
| 806857958 | — | SLB LIMITED | $7,676 | 0.00% | 200 | PUT | SOLE |
| 654106903 | NKE | NIKE INC | $6,371 | 0.00% | 100 | CALL | SOLE |
| 829933950 | — | SIRIUSXM HOLDINGS INC | $5,998 | 0.00% | 300 | PUT | SOLE |
| 81369Y905 | — | SELECT SECTOR SPDR TR | $5,477 | 0.00% | 100 | CALL | SOLE |
| 81369Y955 | — | SELECT SECTOR SPDR TR | $5,477 | 0.00% | 100 | PUT | SOLE |
| 26740W959 | QBTS | D-WAVE QUANTUM INC | $5,230 | 0.00% | 200 | PUT | SOLE |
| 462726100 | I8R | IROBOT CORP | $5,060 | 0.00% | 46,000 | Common | SOLE |
| 090040956 | BILI | BILIBILI INC | $4,918 | 0.00% | 200 | PUT | SOLE |
| 76655K903 | — | RIGETTI COMPUTING INC | $4,430 | 0.00% | 200 | CALL | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $4,269 | 0.00% | 100 | Common | SHARED |
| 674599955 | — | OCCIDENTAL PETE CORP | $4,112 | 0.00% | 100 | PUT | SOLE |
| 464287954 | — | ISHARES TR | $3,829 | 0.00% | 100 | PUT | SOLE |
| 06748M906 | — | BARCLAYS BANK PLC | $2,647 | 0.00% | 100 | CALL | SOLE |
| 83406F952 | SOFI | SOFI TECHNOLOGIES INC | $2,618 | 0.00% | 100 | PUT | SOLE |
| 26740W909 | QBTS | D-WAVE QUANTUM INC | $2,615 | 0.00% | 100 | CALL | SOLE |
| 72352L956 | — | PINTEREST INC | $2,589 | 0.00% | 100 | PUT | SOLE |
| 72352L906 | — | PINTEREST INC | $2,589 | 0.00% | 100 | CALL | SOLE |
| 307359885 | FFAI | FARADAY FUTURE INTLGT ELEC I | $2,589 | 0.00% | 2,538 | Common | SOLE |
| 76655K953 | — | RIGETTI COMPUTING INC | $2,215 | 0.00% | 100 | PUT | SOLE |
| 80359A205 | PDYN | PALLADYNE AI CORP | $2,130 | 0.00% | 500 | Common | SOLE |
| 12430A300 | BZFD | BUZZFEED INC | $1,860 | 0.00% | 2,000 | Common | SOLE |
| 820014905 | — | SHARPLINK GAMING INC | $1,788 | 0.00% | 200 | CALL | SOLE |
| 683712129 | OPENW | OPENDOOR TECHNOLOGIES INC | $1,596 | 0.00% | 1,773 | Common | SOLE |
| 80359A114 | PDYNW | PALLADYNE AI CORP | $1,551 | 0.00% | 25,337 | Common | SOLE |
| 67079K900 | — | NUSCALE PWR CORP | $1,417 | 0.00% | 100 | CALL | SOLE |
| 29415V117 | COCHW | ENVOY MEDICAL INC | $1,279 | 0.00% | 32,888 | Common | SOLE |
| 70614W950 | PTON | PELOTON INTERACTIVE INC | $1,232 | 0.00% | 200 | PUT | SOLE |
| 549498902 | LCID | LUCID GROUP INC | $1,057 | 0.00% | 100 | CALL | SOLE |
| 549498952 | LCID | LUCID GROUP INC | $1,057 | 0.00% | 100 | PUT | SOLE |
| 74767V959 | QS | QUANTUMSCAPE CORP | $1,042 | 0.00% | 100 | PUT | SOLE |
| 74767V909 | QS | QUANTUMSCAPE CORP | $1,042 | 0.00% | 100 | CALL | SOLE |
| 26916J114 | GWH/WS | ESS TECH INC | $1,029 | 0.00% | 20,130 | Common | SOLE |
| 683712137 | OPENL | OPENDOOR TECHNOLOGIES INC | $922 | 0.00% | 1,773 | Common | SOLE |
| 88688T959 | TLRY | TILRAY BRANDS INC | $903 | 0.00% | 100 | PUT | SOLE |
| 83304A906 | SNAP | SNAP INC | $807 | 0.00% | 100 | CALL | SOLE |
| 83304A956 | SNAP | SNAP INC | $807 | 0.00% | 100 | PUT | SOLE |
| 683712145 | OPENZ | OPENDOOR TECHNOLOGIES INC | $708 | 0.00% | 1,773 | Common | SOLE |
| 683712953 | OPEN | OPENDOOR TECHNOLOGIES INC | $583 | 0.00% | 100 | PUT | SOLE |
| 683712903 | OPEN | OPENDOOR TECHNOLOGIES INC | $583 | 0.00% | 100 | CALL | SOLE |
| 307359117 | FFAIW | FARADAY FUTURE INTLGT ELEC I | $420 | 0.00% | 11,700 | Common | SOLE |
| 09228F903 | — | BLACKBERRY LTD | $379 | 0.00% | 100 | CALL | SOLE |
| 12430A110 | BZFDW | BUZZFEED INC | $210 | 0.00% | 8,333 | Common | SOLE |
| G86302117 | SWVLW | SWVL HOLDINGS CORP | $99 | 0.00% | 10,000 | Common | SOLE |
| G6223S117 | MLECW | MOOLEC SCIENCE SA | $72 | 0.00% | 12,500 | Common | SOLE |
| 075896159 | BBBY/WS | BED BATH & BEYOND INC | $66 | 0.00% | 100 | Common | SOLE |
| 36467W117 | GME/WS | GAMESTOP CORP NEW | $18 | 0.00% | 6 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.