Q4 2025 · 13F-HR
SONA ASSET MANAGEMENT (US) LLCholdings as filed
Filed 2026-02-17 · accession 0000905148-26-000843
$4.39B
Reported value
146
Positions
2025-12-31
Period end
The Brief · SONA ASSET MANAGEMENT (US) LLC · Q4 2025
AI · grounded in 13F
SONA ASSET MANAGEMENT (US) LLC closed its position in GLD for a reduction of $195.5M. The fund also exited positions in EMB and UBER 0 12/15/25, totaling $139.8M and $138.6M respectively. On the buy side, the fund established new positions in INVESCO EXCHANGE TRADED FD T for $123.5M and ITRON INC for $110.1M. Additionally, the fund increased its holdings in SPY by 5,792.8% and INTC by 3,915%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287242 | LQD | ISHARES TR | $772.6M | 17.6% | 7,011,298 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $277.7M | 6.32% | 452,000 | PUT | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $144.6M | 3.29% | 152,175,000 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $136.4M | 3.10% | 200,000 | CALL | SOLE |
| 458140100 | INTC | INTEL CORP | $135.8M | 3.09% | 3,680,000 | CALL | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $128.3M | 2.92% | 444,247 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $120.8M | 2.75% | 119,222,000 | Common | SOLE |
| 464288646 | IGSB | ISHARES TR | $120.0M | 2.73% | 2,270,000 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $113.1M | 2.57% | 590,500 | CALL | SOLE |
| 465741AN6 | ITRI 0 03/15/26 | ITRON INC | $110.1M | 2.51% | 110,965,000 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $108.0M | 2.46% | 1,834,874 | Common | SHARED |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC | $105.7M | 2.41% | 105,002,000 | Common | SOLE |
| 464286400 | EWZ | ISHARES INC | $104.8M | 2.39% | 3,300,000 | CALL | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $88.3M | 2.01% | 875,500 | CALL | SOLE |
| 89677QAB3 | TCOM 0.75 06/15/29 | TRIP COM GROUP LTD | $80.0M | 1.82% | 65,000,000 | Common | SOLE |
| 472145AF8 | JAZZ 2 06/15/26 | JAZZ INVESTMENTS I LTD | $74.5M | 1.70% | 64,300,000 | Common | SOLE |
| 090043AF7 | BILL 0 04/01/30 | BILL HOLDINGS INC | $74.0M | 1.68% | 80,150,000 | Common | SOLE |
| 595017BG8 | MCHP 0.75 06/01/30 | MICROCHIP TECHNOLOGY INC. | $68.3M | 1.55% | 69,563,000 | Common | SOLE |
| 03769M304 | APO 6.75 07/31/26 | APOLLO GLOBAL MGMT INC | $67.9M | 1.55% | 900,000 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $61.4M | 1.40% | 100,000 | CALL | SHARED |
| 464287432 | TLT | ISHARES TR | $52.3M | 1.19% | 600,000 | CALL | SOLE |
| 464287432 | TLT | ISHARES TR | $52.3M | 1.19% | 600,000 | PUT | SOLE |
| G5331N101 | KYIV | KYIVSTAR GROUP LTD | $49.8M | 1.13% | 3,834,088 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $49.2M | 1.12% | 200,000 | CALL | SHARED |
| 464287655 | IWM | ISHARES TR | $49.2M | 1.12% | 200,000 | PUT | SHARED |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC | $45.8M | 1.04% | 46,318,000 | Common | SOLE |
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO | $44.1M | 1.00% | 42,500,000 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $43.8M | 1.00% | 47,500,000 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | COINBASE GLOBAL INC | $41.1M | 0.93% | 40,000,000 | Common | SOLE |
| 44332NAB2 | HTHT 3 05/01/26 | H WORLD GROUP LTD | $38.3M | 0.87% | 30,000,000 | Common | SOLE |
| 902252AB1 | TYL 0.25 03/15/26 | TYLER TEX INDPT SCH DIST | $37.4M | 0.85% | 37,000,000 | Common | SOLE |
| 012653200 | ALB 7.25 03/01/27 | ALBEMARLE CORP | $35.4M | 0.81% | 600,000 | Common | SOLE |
| 42824C208 | HPE 7.625 09/01/27 | HEWLETT PACKARD ENTERPRISE C | $34.8M | 0.79% | 525,000 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $34.2M | 0.78% | 34,500,000 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $33.1M | 0.75% | 304,650 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $32.6M | 0.74% | 175,000 | PUT | SOLE |
| 50202MAB8 | LI 0.25 05/01/28 | LI AUTO INC | $31.8M | 0.72% | 31,500,000 | Common | SOLE |
| 594972408 | MSTR | STRATEGY INC | $30.4M | 0.69% | 200,000 | PUT | SOLE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $30.2M | 0.69% | 26,500,000 | Common | SOLE |
| 26142RAB0 | DKNG 0 03/15/28 | DRAFTKINGS INC NEW | $30.1M | 0.69% | 32,900,000 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $28.8M | 0.66% | 1,000,000 | Common | SHARED |
| G5331N101 | KYIV | KYIVSTAR GROUP LTD | $27.7M | 0.63% | 2,137,300 | CALL | SOLE |
| 19260QAB3 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $25.0M | 0.57% | 25,024,000 | Common | SOLE |
| 26210CAD6 | DBX 0 03/01/28 | DROPBOX INC | $24.7M | 0.56% | 24,500,000 | Common | SOLE |
| 10806XAD4 | BBIO 2.25 02/01/29 | BRIDGEBIO PHARMA INC | $24.5M | 0.56% | 21,730,000 | Common | SOLE |
| 024061103 | DCH | AMERICAN AXLE & MFG HLDGS IN | $24.0M | 0.55% | 3,737,937 | Common | SOLE |
| 88339PAJ0 | REAL 4 02/15/31 | THE REALREAL INC | $23.6M | 0.54% | 13,897,000 | Common | SOLE |
| G1331A108 | BACC | BLUE ACQUISITION CORP. | $20.0M | 0.46% | 1,960,185 | Common | SOLE |
| 163851108 | CC | CHEMOURS CO | $19.5M | 0.44% | 1,651,275 | Common | SOLE |
| 464288752 | ITB | ISHARES TR | $19.3M | 0.44% | 200,000 | CALL | SHARED |
| 19240QAA0 | COGT 1.625 11/15/31 | COGENT BIOSCIENCES INC | $18.7M | 0.43% | 16,000,000 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $18.4M | 0.42% | 370,800 | PUT | SOLE |
| 70202LAD4 | PSN 2.625 03/01/29 | PARSONS CORP DEL | $17.4M | 0.40% | 16,877,000 | Common | SOLE |
| 00214Q104 | ARKK | ARK ETF TR | $15.4M | 0.35% | 200,000 | PUT | SOLE |
| 30063PAB1 | EXAS 0.375 03/15/27 | EXACT SCIENCES CORP | $14.4M | 0.33% | 13,811,000 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $14.4M | 0.33% | 43,600 | Common | SOLE |
| 94419LAF8 | W 1 08/15/26 | WAYFAIR INC | $14.1M | 0.32% | 14,095,000 | Common | SOLE |
| G1466R173 | BORR | BORR DRILLING LTD | $12.9M | 0.29% | 3,205,564 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $12.4M | 0.28% | 335,000 | Common | SOLE |
| 743312AB6 | PRGS 1 04/15/26 | PROGRESS SOFTWARE CORP | $11.6M | 0.26% | 11,670,000 | Common | SOLE |
| G4701H109 | IHS | IHS HOLDING LIMITED | $11.6M | 0.26% | 1,552,674 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $10.9M | 0.25% | 563,000 | CALL | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $10.4M | 0.24% | 54,282 | Common | SOLE |
| 594972AS0 | MSTR 0 12/01/29 | STRATEGY INC | $10.3M | 0.23% | 12,500,000 | Common | SOLE |
| 024061103 | DCH | AMERICAN AXLE & MFG HLDGS IN | $9.6M | 0.22% | 1,500,000 | CALL | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $9.4M | 0.21% | 221,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $9.3M | 0.21% | 50,000 | CALL | SOLE |
| 18452B209 | CLSK | CLEANSPARK INC | $9.3M | 0.21% | 919,500 | Common | SOLE |
| 30063PAC9 | EXAS 0.375 03/01/28 | EXACT SCIENCES CORP | $8.8M | 0.20% | 8,611,000 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $8.7M | 0.20% | 59,486 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $8.6M | 0.19% | 30,000 | Common | SOLE |
| 80004C200 | SNDK | SANDISK CORP | $8.1M | 0.18% | 34,000 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $7.0M | 0.16% | 87,011 | Common | SOLE |
| 45174J509 | IHRT | IHEARTMEDIA INC | $6.8M | 0.15% | 1,623,571 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $6.7M | 0.15% | 225,000 | Common | SOLE |
| 46138G508 | BKLN | INVESCO EXCH TRADED FD TR II | $6.7M | 0.15% | 319,787 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | VISHAY INTERTECHNOLOGY INC | $6.3M | 0.14% | 7,000,000 | Common | SOLE |
| 65345N106 | NN | NEXTNAV INC | $6.3M | 0.14% | 378,128 | Common | SOLE |
| 008073108 | AVAV | AEROVIRONMENT INC | $6.2M | 0.14% | 25,500 | Common | SOLE |
| G11448100 | BTDR | BITDEER TECHNOLOGIES GROUP | $5.6M | 0.13% | 500,000 | CALL | SOLE |
| 302491303 | FMC | FMC CORP | $5.5M | 0.13% | 400,000 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $5.2M | 0.12% | 53,000 | Common | SOLE |
| 464286822 | EWW | ISHARES INC | $5.1M | 0.12% | 74,000 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $5.1M | 0.12% | 100,000 | CALL | SHARED |
| 37940XAU6 | GPN 1.5 03/01/31 | GLOBAL PMTS INC | $5.0M | 0.11% | 5,612,000 | Common | SOLE |
| 46434G822 | EWJ | ISHARES INC | $5.0M | 0.11% | 61,500 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $4.9M | 0.11% | 115,000 | Common | SHARED |
| 880770102 | TER | TERADYNE INC | $4.8M | 0.11% | 25,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $4.4M | 0.10% | 300,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $4.4M | 0.10% | 300,000 | CALL | SOLE |
| 01609WBG6 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $4.3M | 0.10% | 2,801,000 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $4.3M | 0.10% | 125,000 | Common | SOLE |
| G11448100 | BTDR | BITDEER TECHNOLOGIES GROUP | $4.2M | 0.10% | 374,003 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $3.9M | 0.09% | 21,000 | Common | SOLE |
| 19240Q201 | COGT | COGENT BIOSCIENCES INC | $3.7M | 0.08% | 105,000 | Common | SOLE |
| 378973507 | GSAT | GLOBALSTAR INC | $3.7M | 0.08% | 60,000 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $3.5M | 0.08% | 27,700 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $3.5M | 0.08% | 10,000 | Common | SOLE |
| 20337X109 | VISN | COMMSCOPE HLDG CO INC | $3.4M | 0.08% | 188,715 | Common | SOLE |
| 444097406 | HPP | HUDSON PAC PPTYS INC | $3.4M | 0.08% | 310,989 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $3.2M | 0.07% | 60,000 | Common | SOLE |
| 00510N102 | TIC | TIC SOLUTIONS INC | $3.0M | 0.07% | 300,000 | Common | SOLE |
| G2851K104 | DMII | DRUGS MADE IN AMER ACQ II CO | $3.0M | 0.07% | 300,000 | Common | SHARED |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $2.9M | 0.07% | 125,000 | Common | SOLE |
| 42806J700 | HTZ | HERTZ GLOBAL HLDGS INC | $2.9M | 0.07% | 556,956 | Common | SHARED |
| 16119P108 | CHTR | CHARTER COMMUNICATIONS INC N | $2.8M | 0.06% | 13,500 | Common | SOLE |
| 256677105 | DG | DOLLAR GEN CORP NEW | $2.7M | 0.06% | 20,000 | Common | SOLE |
| 446413106 | HII | HUNTINGTON INGALLS INDS INC | $2.6M | 0.06% | 7,500 | Common | SOLE |
| 89346D107 | TAC | TRANSALTA CORP | $2.5M | 0.06% | 200,000 | Common | SOLE |
| 553368101 | MP | MP MATERIALS CORP | $2.5M | 0.06% | 50,000 | Common | SHARED |
| 256746108 | DLTR | DOLLAR TREE INC | $2.5M | 0.06% | 20,000 | Common | SOLE |
| 93403J106 | WRBY | WARBY PARKER INC | $2.2M | 0.05% | 100,000 | Common | SHARED |
| 36472T109 | TDAY | USA TODAY CO INC | $2.1M | 0.05% | 400,000 | Common | SOLE |
| 459506101 | IFF | INTERNATIONAL FLAVORS&FRAGRA | $2.0M | 0.05% | 30,000 | Common | SOLE |
| 37954Y855 | LIT | GLOBAL X FDS | $2.0M | 0.05% | 31,000 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $1.9M | 0.04% | 100,000 | Common | SOLE |
| 75134P600 | METC | RAMACO RES INC | $1.8M | 0.04% | 101,400 | Common | SOLE |
| 767292105 | RIOT | RIOT PLATFORMS INC | $1.6M | 0.04% | 125,000 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $1.6M | 0.04% | 4,274 | Common | SOLE |
| G3106Q110 | EVAC/U | EQV VENTURES AC CORP. II | $1.5M | 0.03% | 150,000 | Common | SHARED |
| 88080T104 | WULF | TERAWULF INC | $1.4M | 0.03% | 125,000 | Common | SOLE |
| 02156V109 | OKLO | OKLO INC | $1.4M | 0.03% | 20,000 | CALL | SOLE |
| 80004C200 | SNDK | SANDISK CORP | $1.2M | 0.03% | 5,000 | CALL | SOLE |
| 887389104 | TKR | TIMKEN CO | $1.2M | 0.03% | 14,000 | Common | SOLE |
| 92892B103 | VOYG | VOYAGER TECHNOLOGIES INC | $1.1M | 0.03% | 43,000 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $1.1M | 0.02% | 12,000 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $1.0M | 0.02% | 100,000 | Common | SHARED |
| 279158109 | EC | ECOPETROL S A | $1.0M | 0.02% | 100,000 | Common | SOLE |
| G9009S103 | BLZR | TRAILBLAZER ACQUISITION CORP | $1.0M | 0.02% | 100,000 | Common | SHARED |
| 00402L107 | ASO | ACADEMY SPORTS & OUTDOORS IN | $999,200 | 0.02% | 20,000 | Common | SOLE |
| G037AX101 | AMBA | AMBARELLA INC | $991,760 | 0.02% | 14,000 | Common | SOLE |
| 52476L109 | LGN | LEGENCE CORP | $645,600 | 0.01% | 15,000 | Common | SHARED |
| 73044W302 | POET | POET TECHNOLOGIES INC | $633,000 | 0.01% | 100,000 | Common | SOLE |
| 881454102 | IMSR | TERRESTRIAL ENERGY INC | $611,000 | 0.01% | 100,000 | Common | SOLE |
| G4365E129 | HCMAU | HCM III ACQUISITION CORP | $514,250 | 0.01% | 50,000 | Common | SHARED |
| G3730U107 | FCRS | FUTURECREST ACQUISITION CORP | $505,000 | 0.01% | 50,000 | Common | SHARED |
| M5R635108 | INVZ | INNOVIZ TECHNOLOGIES LTD | $426,551 | 0.01% | 500,000 | Common | SOLE |
| 92918V307 | VRM | VROOM INC | $265,318 | 0.01% | 13,346 | Common | SOLE |
| G63221124 | MBVIU | M3-BRIGADE ACQUISITION VI CO | $253,125 | 0.01% | 25,000 | Common | SHARED |
| G8656L130 | THCH | TH INTERNATIONAL LIMITED | $249,000 | 0.01% | 100,000 | Common | SHARED |
| 68989M202 | OUST | OUSTER INC | $216,400 | 0.00% | 10,000 | CALL | SOLE |
| G5331N119 | KYIVW | KYIVSTAR GROUP LTD | $88,500 | 0.00% | 25,000 | Common | SOLE |
| G2851K112 | DMIIR | DRUGS MADE IN AMER ACQ II CO | $42,000 | 0.00% | 300,000 | Common | SHARED |
| G9009S111 | BLZRW | TRAILBLAZER ACQUISITION CORP | $16,003 | 0.00% | 33,332 | Common | SHARED |
| G3730U115 | FCRS/WS | FUTURECREST ACQUISITION CORP | $9,125 | 0.00% | 12,500 | Common | SHARED |
| 337655112 | NOTEW | FISCALNOTE HOLDINGS INC | $4,575 | 0.00% | 150,000 | 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.