Q2 2025 · 13F-HR
SONA ASSET MANAGEMENT (US) LLCholdings as filed
Filed 2025-08-14 · accession 0000905148-25-002945
$3.56B
Reported value
114
Positions
2025-06-30
Period end
The Brief · SONA ASSET MANAGEMENT (US) LLC · Q2 2025
AI · grounded in 13F
SONA ASSET MANAGEMENT (US) LLC established a new position in LQD valued at $632.9M. The fund also initiated new stakes in HYG for $171.3M and APO 6.75 07/31/26 for $158.1M. Additional new positions include BABA 0.5 06/01/31 at $134.3M and IGSB at $133.7M. Total assets under management stand at $3.56B across 110 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287242 | LQD | ISHARES TR | $632.9M | 17.8% | 5,774,092 | Common | SHARED |
| 464288513 | HYG | ISHARES TR | $171.3M | 4.81% | 2,124,000 | PUT | SHARED |
| 03769M304 | APO 6.75 07/31/26 | APOLLO GLOBAL MGMT INC | $158.1M | 4.44% | 2,100,000 | Common | SHARED |
| 01609WBG6 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $134.3M | 3.78% | 105,301,000 | Common | SHARED |
| 464288646 | IGSB | ISHARES TR | $133.7M | 3.76% | 2,535,000 | Common | SHARED |
| 009066AB7 | ABNB 0 03/15/26 | AIRBNB INC | $117.3M | 3.30% | 121,500,000 | Common | SHARED |
| 90353TAJ9 | UBER 0 12/15/25 | UBER TECHNOLOGIES INC | $115.7M | 3.25% | 96,456,000 | Common | SHARED |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $109.9M | 3.09% | 118,500,000 | Common | SHARED |
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO | $104.8M | 2.94% | 106,000,000 | Common | SHARED |
| 92206C870 | VCIT | VANGUARD SCOTTSDALE FDS | $103.7M | 2.91% | 1,250,000 | Common | SHARED |
| 82509LAA5 | SHOPCN 0.125 11/01/25 | SHOPIFY INC | $74.2M | 2.08% | 73,107,000 | Common | SHARED |
| 42824C208 | HPE 7.625 09/01/27 | HEWLETT PACKARD ENTERPRISE C | $70.9M | 1.99% | 1,200,000 | Common | SHARED |
| 78463V107 | GLD | SPDR GOLD TR | $70.1M | 1.97% | 230,000 | PUT | SHARED |
| 464287440 | IEF | ISHARES TR | $69.4M | 1.95% | 725,000 | Common | SHARED |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP | $62.8M | 1.77% | 35,000,000 | Common | SHARED |
| 46090E103 | QQQ | INVESCO QQQ TR | $61.6M | 1.73% | 111,700 | CALL | SHARED |
| 62886HBK6 | NCLH 2.5 02/15/27 | NCL CORP LTD | $60.3M | 1.70% | 60,275,000 | Common | SHARED |
| 02376RAF9 | AAL 6.5 07/01/25 | AMERICAN AIRLINES GROUP INC | $60.2M | 1.69% | 60,246,000 | Common | SHARED |
| 94419LAR2 | W 3.5 11/15/28 | WAYFAIR INC | $53.1M | 1.49% | 39,350,000 | Common | SHARED |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $52.5M | 1.48% | 1,442,638 | Common | SHARED |
| 69349H107 | TXNM | TXNM ENERGY INC | $52.1M | 1.46% | 925,199 | Common | SHARED |
| 82452J307 | FOUR 6 05/01/28 | SHIFT4 PMTS INC | $50.8M | 1.43% | 440,000 | Common | SHARED |
| 464287440 | IEF | ISHARES TR | $47.9M | 1.35% | 500,000 | PUT | SHARED |
| 472145AF8 | JAZZ 2 06/15/26 | JAZZ INVESTMENTS I LTD | $45.0M | 1.27% | 44,500,000 | Common | SHARED |
| 596278AB7 | MIDD 1 09/01/25 | MIDDLEBY CORP | $45.0M | 1.26% | 40,000,000 | Common | SHARED |
| 464287432 | TLT | ISHARES TR | $43.8M | 1.23% | 496,500 | PUT | SHARED |
| 464287432 | TLT | ISHARES TR | $37.1M | 1.04% | 420,000 | CALL | SHARED |
| 595017BG8 | MCHP 0.75 06/01/30 | MICROCHIP TECHNOLOGY INC. | $36.9M | 1.04% | 37,500,000 | Common | SHARED |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $36.2M | 1.02% | 38,500,000 | Common | SHARED |
| 78463V107 | GLD | SPDR GOLD TR | $30.5M | 0.86% | 100,000 | CALL | SHARED |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $29.3M | 0.82% | 47,500 | PUT | SHARED |
| 10806XAD4 | BBIO 2.25 02/01/29 | BRIDGEBIO PHARMA INC | $29.3M | 0.82% | 31,230,000 | Common | SHARED |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $29.1M | 0.82% | 19,162,000 | Common | SHARED |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC | $28.1M | 0.79% | 29,500,000 | Common | SHARED |
| 26142RAB0 | DKNG 0 03/15/28 | DRAFTKINGS INC NEW | $27.3M | 0.77% | 30,400,000 | Common | SHARED |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $26.7M | 0.75% | 23,000,000 | Common | SHARED |
| 00214Q104 | ARKK | ARK ETF TR | $26.4M | 0.74% | 375,000 | PUT | SHARED |
| 464287655 | IWM | ISHARES TR | $21.6M | 0.61% | 100,000 | PUT | SHARED |
| G3730H106 | CCIR | COHEN CIRCLE ACQUISITION COR | $20.4M | 0.57% | 1,859,033 | Common | SHARED |
| 023436108 | AMED | AMEDISYS INC | $19.7M | 0.55% | 200,000 | PUT | SHARED |
| 830566105 | SKAA | SKECHERS U S A INC | $19.4M | 0.55% | 307,769 | Common | SHARED |
| 88339PAJ0 | REAL 4 02/15/31 | THE REALREAL INC | $17.8M | 0.50% | 22,597,000 | Common | SHARED |
| 65339F119 | NEE 7.234 11/01/27 | NEXTERA ENERGY INC | $15.5M | 0.44% | 350,000 | Common | SHARED |
| 26210CAD6 | DBX 0 03/01/28 | DROPBOX INC | $14.7M | 0.41% | 14,500,000 | Common | SHARED |
| 18915MAC1 | NET 0 08/15/26 | CLOUDFLARE INC | $14.1M | 0.40% | 11,882,000 | Common | SHARED |
| 13321L108 | CCJ | CAMECO CORP | $13.9M | 0.39% | 187,500 | Common | SHARED |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $13.9M | 0.39% | 14,000,000 | Common | SHARED |
| 071705107 | BLCO | BAUSCH PLUS LOMB CORP | $13.3M | 0.37% | 1,020,750 | Common | SHARED |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP | $13.1M | 0.37% | 10,000,000 | Common | SHARED |
| 30063PAB1 | EXAS 0.375 03/15/27 | EXACT SCIENCES CORP | $12.7M | 0.36% | 13,250,000 | Common | SHARED |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $12.2M | 0.34% | 430,000 | Common | SHARED |
| 88080T104 | WULF | TERAWULF INC | $11.8M | 0.33% | 2,695,461 | Common | SHARED |
| 902252AB1 | TYL 0.25 03/15/26 | TYLER TEX INDPT SCH DIST | $11.1M | 0.31% | 9,000,000 | Common | SHARED |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $10.9M | 0.31% | 35,000 | CALL | SHARED |
| 15189TBD8 | CNP 4.25 08/15/26 | CENTERPOINT ENERGY INC | $10.8M | 0.30% | 10,000,000 | Common | SHARED |
| 682189AS4 | ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $10.7M | 0.30% | 9,000,000 | Common | SHARED |
| 02156K103 | OPTU | ALTICE USA INC | $10.2M | 0.29% | 4,752,841 | Common | SHARED |
| G4701H109 | IHS | IHS HOLDING LIMITED | $10.0M | 0.28% | 1,802,674 | Common | SHARED |
| 594918104 | MSFT | MICROSOFT CORP | $9.9M | 0.28% | 20,000 | Common | SHARED |
| 65339F663 | NEE 7.299 06/01/27 | NEXTERA ENERGY INC | $9.4M | 0.27% | 200,000 | Common | SHARED |
| 30063PAC9 | EXAS 0.375 03/01/28 | EXACT SCIENCES CORP | $8.9M | 0.25% | 9,750,000 | Common | SHARED |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $8.9M | 0.25% | 774,700 | Common | SHARED |
| 65345N106 | NN | NEXTNAV INC | $8.7M | 0.25% | 575,128 | Common | SHARED |
| 024061103 | DCH | AMERICAN AXLE & MFG HLDGS IN | $8.5M | 0.24% | 2,076,700 | CALL | SHARED |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $8.4M | 0.24% | 74,186 | Common | SHARED |
| 67066G104 | NVDA | NVIDIA CORPORATION | $7.9M | 0.22% | 50,000 | Common | SHARED |
| 92826C839 | V | VISA INC | $7.9M | 0.22% | 22,200 | PUT | SHARED |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $7.9M | 0.22% | 461,000 | Common | SHARED |
| 871607107 | SNPS | SYNOPSYS INC | $7.7M | 0.22% | 15,000 | CALL | SHARED |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $7.3M | 0.21% | 77,200 | Common | SHARED |
| 94419LAF8 | W 1 08/15/26 | WAYFAIR INC | $7.1M | 0.20% | 7,500,000 | Common | SHARED |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $6.8M | 0.19% | 314,000 | Common | SHARED |
| 91325V108 | — | UNITI GROUP INC | $6.6M | 0.19% | 1,537,350 | Common | SHARED |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $6.2M | 0.18% | 20,000 | Common | SHARED |
| 37954Y871 | URA | GLOBAL X FDS | $5.8M | 0.16% | 150,000 | Common | SHARED |
| 918204108 | VFC | V F CORP | $5.6M | 0.16% | 472,626 | Common | SHARED |
| 39525U107 | GFR | GREENFIRE RES LTD NEW | $5.2M | 0.15% | 1,157,749 | Common | SHARED |
| G7997R103 | STX | SEAGATE TECHNOLOGY HLDNGS PL | $5.0M | 0.14% | 34,400 | Common | SHARED |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $4.8M | 0.13% | 35,000 | Common | SHARED |
| 253868103 | DLR | DIGITAL RLTY TR INC | $4.7M | 0.13% | 27,200 | Common | SHARED |
| 458140100 | INTC | INTEL CORP | $4.3M | 0.12% | 193,000 | Common | SHARED |
| 256746108 | DLTR | DOLLAR TREE INC | $4.0M | 0.11% | 40,000 | Common | SHARED |
| 91332U101 | U | UNITY SOFTWARE INC | $3.7M | 0.10% | 154,285 | Common | SHARED |
| 595112103 | MU | MICRON TECHNOLOGY INC | $3.7M | 0.10% | 30,000 | Common | SHARED |
| 743312AD2 | PRGS 3.5 03/01/30 | PROGRESS SOFTWARE CORP | $2.9M | 0.08% | 2,500,000 | Common | SHARED |
| 464286400 | EWZ | ISHARES INC | $2.9M | 0.08% | 100,000 | Common | SHARED |
| 464286772 | EWY | ISHARES INC | $2.7M | 0.07% | 37,000 | Common | SHARED |
| 23331A109 | DHI | D R HORTON INC | $2.6M | 0.07% | 20,000 | Common | SHARED |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $2.6M | 0.07% | 125,000 | Common | SHARED |
| 526057104 | LEN | LENNAR CORP | $2.5M | 0.07% | 23,000 | Common | SHARED |
| 464286822 | EWW | ISHARES INC | $2.4M | 0.07% | 40,000 | Common | SHARED |
| 26884L109 | EQT | EQT CORP | $2.3M | 0.07% | 40,000 | Common | SHARED |
| 63845R107 | EYE | NATIONAL VISION HLDGS INC | $2.3M | 0.06% | 100,000 | Common | SHARED |
| 37950E259 | ARGT | GLOBAL X FDS | $2.3M | 0.06% | 27,000 | Common | SHARED |
| 256677105 | DG | DOLLAR GEN CORP NEW | $2.3M | 0.06% | 20,000 | Common | SHARED |
| 89346D107 | TAC | TRANSALTA CORP | $2.2M | 0.06% | 200,000 | Common | SHARED |
| 23804L103 | DDOG | DATADOG INC | $2.1M | 0.06% | 15,990 | Common | SHARED |
| 49177J102 | KVUE | KENVUE INC | $2.1M | 0.06% | 100,000 | CALL | SHARED |
| 00164V103 | AMCX | AMC NETWORKS INC | $2.0M | 0.06% | 323,975 | Common | SHARED |
| 279158109 | EC | ECOPETROL S A | $1.8M | 0.05% | 200,000 | Common | SHARED |
| 896945201 | TRIP | TRIPADVISOR INC | $1.6M | 0.04% | 120,000 | CALL | SHARED |
| 20451Q104 | CODI | COMPASS DIVERSIFIED | $1.3M | 0.04% | 203,000 | PUT | SHARED |
| G0250X107 | AMCR | AMCOR PLC | $1.0M | 0.03% | 113,800 | CALL | SHARED |
| 74967X103 | RH | RH | $1.0M | 0.03% | 5,400 | Common | SHARED |
| 887389104 | TKR | TIMKEN CO | $1.0M | 0.03% | 14,000 | Common | SHARED |
| 28238P109 | EHTH | EHEALTH INC | $1.0M | 0.03% | 232,589 | Common | SHARED |
| 42806J148 | HTZWW | HERTZ GLOBAL HLDGS INC | $730,000 | 0.02% | 200,000 | Common | SHARED |
| 92918V307 | VRM | VROOM INC | $412,596 | 0.01% | 14,472 | Common | SHARED |
| 70202L102 | PSN | PARSONS CORP DEL | $353,036 | 0.01% | 4,919 | Common | SHARED |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $334,381 | 0.01% | 9,398 | Common | SHARED |
| G8656L130 | THCH | TH INTERNATIONAL LIMITED | $296,500 | 0.01% | 100,000 | Common | SHARED |
| 337655104 | DSACEUR | FISCALNOTE HOLDINGS INC | $53,640 | 0.00% | 100,000 | CALL | SHARED |
| G3730H114 | — | COHEN CIRCLE ACQUISITION COR | $50,000 | 0.00% | 25,000 | Common | SHARED |
| 337655112 | NOTEW | FISCALNOTE HOLDINGS INC | $14,910 | 0.00% | 150,000 | Common | SHARED |
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.