Q4 2025 · 13F-HR
BlueCrest Capital Management Ltdholdings as filed
Filed 2026-02-17 · accession 0000905148-26-000871
$3.33B
Reported value
170
Positions
2025-12-31
Period end
The Brief · BlueCrest Capital Management Ltd · Q4 2025
AI · grounded in 13F
BlueCrest Capital Management Ltd established a new position in IVV valued at $1.52B. The fund also initiated a new stake in GLD worth $457.7M. Other new additions include VST at $102.8M and PCG at $80.4M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287200 | IVV | ISHARES TR | $1.52B | 45.7% | 2,222,669 | Common | SHARED |
| 78463V107 | GLD | SPDR GOLD TR | $233.8M | 7.02% | 590,000 | PUT | SHARED |
| 78463V107 | GLD | SPDR GOLD TR | $223.9M | 6.72% | 565,000 | CALL | SHARED |
| 92840M102 | VST | VISTRA CORP | $102.8M | 3.09% | 637,266 | Common | SHARED |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $65.7M | 1.97% | 1,200,000 | PUT | SHARED |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $60.1M | 1.81% | 645,093 | Common | SHARED |
| 172967424 | C | CITIGROUP INC | $59.8M | 1.80% | 512,538 | Common | SHARED |
| 060505104 | BAC | BANK AMERICA CORP | $57.7M | 1.73% | 1,049,093 | Common | SHARED |
| 69331C108 | PCG | PG&E CORP | $48.2M | 1.45% | 3,000,000 | Common | SHARED |
| 226718104 | CRTO | CRITEO S A | $46.6M | 1.40% | 2,260,000 | Common | SHARED |
| 92189F106 | GDX | VANECK ETF TRUST | $36.1M | 1.08% | 420,762 | Common | SHARED |
| 69331C108 | PCG | PG&E CORP | $32.1M | 0.97% | 2,000,000 | PUT | SHARED |
| 464286400 | EWZ | ISHARES INC | $31.0M | 0.93% | 975,000 | CALL | SHARED |
| 500767306 | KWEB | KRANESHARES TRUST | $30.6M | 0.92% | 900,000 | CALL | SHARED |
| 278768AB2 | SATS 3.875 11/30/30 | ECHOSTAR CORP | $28.1M | 0.84% | 8,375,000 | Common | NONE |
| 682189AS4 | ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $27.5M | 0.83% | 23,000,000 | Common | NONE |
| 464288513 | HYG | ISHARES TR | $26.8M | 0.81% | 332,728 | Common | SHARED |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $25.5M | 0.77% | 79,128 | Common | SHARED |
| 464288513 | HYG | ISHARES TR | $24.2M | 0.73% | 300,000 | PUT | SHARED |
| 023135106 | AMZN | AMAZON COM INC | $23.5M | 0.70% | 101,637 | Common | SHARED |
| 149123101 | CAT | CATERPILLAR INC | $23.2M | 0.70% | 40,500 | PUT | SHARED |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $22.9M | 0.69% | 461,000 | PUT | SHARED |
| 500767306 | KWEB | KRANESHARES TRUST | $22.6M | 0.68% | 663,641 | Common | SHARED |
| 46429B598 | INDA | ISHARES TR | $21.6M | 0.65% | 400,000 | CALL | SHARED |
| 532457108 | LLY | ELI LILLY & CO | $21.1M | 0.63% | 19,635 | Common | SHARED |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $20.4M | 0.61% | 138,911 | Common | SHARED |
| 01609WBG6 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $17.1M | 0.51% | 11,000,000 | Common | NONE |
| 64828T201 | RITM | RITHM CAPITAL CORP | $16.2M | 0.49% | 1,484,608 | Common | SHARED |
| 92189F791 | GDXJ | VANECK ETF TRUST | $15.4M | 0.46% | 135,244 | Common | SHARED |
| 42824C208 | HPE 7.625 09/01/27 | HEWLETT PACKARD ENTERPRISE C | $14.4M | 0.43% | 216,326 | Common | SHARED |
| 22266T109 | CPNG | COUPANG INC | $14.3M | 0.43% | 607,533 | Common | SHARED |
| 477143AR2 | JBLU 2.5 09/01/29 | JETBLUE AIRWAYS CORP | $13.9M | 0.42% | 14,320,000 | Common | NONE |
| 097023105 | BA | BOEING CO | $13.0M | 0.39% | 59,928 | Common | SHARED |
| 464287242 | LQD | ISHARES TR | $10.9M | 0.33% | 99,000 | Common | SHARED |
| 31816X106 | FLY | FIREFLY AEROSPACE INC | $10.7M | 0.32% | 478,698 | Common | SHARED |
| 00246W103 | AXTI | AXT INC | $10.7M | 0.32% | 653,063 | Common | SHARED |
| 67000B203 | NOVT 6.5 11/01/28 | NOVANTA INC | $10.6M | 0.32% | 192,963 | Common | SHARED |
| G3730U123 | FCRS/U | FUTURECREST ACQUISITION CORP | $10.2M | 0.31% | 1,000,000 | Common | SHARED |
| G0273J101 | AEXA | AMERICAN EXCEPTIONALISM ACQU | $10.2M | 0.30% | 891,386 | Common | SHARED |
| 464287655 | IWM | ISHARES TR | $10.1M | 0.30% | 41,000 | PUT | SHARED |
| 399909100 | GGAL | GRUPO FINANCIERO GALICIA S.A | $8.9M | 0.27% | 165,300 | CALL | SHARED |
| 91680MAF4 | UPST 1 11/15/30 | UPSTART HLDGS INC | $8.8M | 0.26% | 10,000,000 | Common | NONE |
| 012653200 | ALB 7.25 03/01/27 | ALBEMARLE CORP | $8.5M | 0.26% | 143,217 | Common | SHARED |
| 82452J307 | FOUR 6 05/01/28 | SHIFT4 PMTS INC | $8.5M | 0.25% | 105,709 | Common | SHARED |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC | $8.3M | 0.25% | 8,270,000 | Common | NONE |
| 46429B598 | INDA | ISHARES TR | $8.1M | 0.24% | 150,500 | Common | SHARED |
| 46435U853 | USHY | ISHARES TR | $8.0M | 0.24% | 212,761 | Common | SHARED |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $7.8M | 0.24% | 11,500 | PUT | SHARED |
| 03769M304 | APO 6.75 07/31/26 | APOLLO GLOBAL MGMT INC | $7.8M | 0.23% | 103,069 | Common | SHARED |
| 02079K305 | GOOGL | ALPHABET INC | $7.1M | 0.21% | 22,575 | Common | SHARED |
| 36828A101 | GEV | GE VERNOVA INC | $6.5M | 0.20% | 10,000 | PUT | SHARED |
| 116794207 | BRKR 6.375 09/01/28 | BRUKER CORP | $6.5M | 0.20% | 17,835 | Common | SHARED |
| 67066G104 | NVDA | NVIDIA CORPORATION | $6.4M | 0.19% | 34,284 | Common | SHARED |
| 525558AB8 | LMAT 2.5 02/01/30 | LEMAITRE VASCULAR INC | $6.0M | 0.18% | 6,000,000 | Common | NONE |
| 393222AM6 | GPRE 5.25 11/01/30 UNRS | GREEN PLAINS INC | $5.8M | 0.17% | 5,500,000 | Common | NONE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $5.8M | 0.17% | 105,000 | Common | SHARED |
| 056752108 | BIDU | BAIDU INC | $5.5M | 0.16% | 41,817 | Common | SHARED |
| G2131A124 | CCXIU | CHURCHILL CAP CORP XI | $5.1M | 0.15% | 500,000 | Common | SHARED |
| G5225W126 | KBONU | KARBON CAP PARTNERS CORP | $5.0M | 0.15% | 500,000 | Common | SHARED |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $5.0M | 0.15% | 67,100 | CALL | SHARED |
| G0R91M121 | ADACU | AMERICAN DRIVE ACQUISITION C | $5.0M | 0.15% | 500,000 | Common | SHARED |
| 89346D107 | TAC | TRANSALTA CORP | $5.0M | 0.15% | 393,880 | Common | SHARED |
| G81306105 | SVAQU | SILICON VY ACQUISITION CORP | $5.0M | 0.15% | 500,000 | Common | SHARED |
| 35834FAB0 | TE 5.25 12/01/30 | T1 ENERGY INC | $4.8M | 0.14% | 3,750,000 | Common | NONE |
| 472145AH4 | JAZZ 3.125 09/15/30 | JAZZ INVESTMENTS I LTD | $4.7M | 0.14% | 3,500,000 | Common | NONE |
| G0R78B122 | BCSS/U | BAIN CAP GSS INVT CORP | $4.6M | 0.14% | 450,000 | Common | SHARED |
| G7490F101 | RTAC | RENATUS TACTICAL ACQUIS | $4.3M | 0.13% | 403,226 | Common | SHARED |
| 464286772 | EWY | ISHARES INC | $4.1M | 0.12% | 42,454 | Common | SHARED |
| 842587842 | SO 7.125 12/15/28 A | SOUTHERN CO | $3.9M | 0.12% | 78,186 | Common | SHARED |
| 97717PAH7 | WT 3.25 08/15/29 | WISDOMTREE INC | $3.9M | 0.12% | 3,196,000 | Common | NONE |
| 67059NAK4 | NTNX 0.5 12/15/29 | NUTANIX INC | $3.8M | 0.11% | 3,920,000 | Common | NONE |
| 30050BAJ0 | EVH 4.5 08/15/31 | EVOLENT HEALTH INC | $3.5M | 0.11% | 4,969,000 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $3.5M | 0.11% | 7,289 | Common | SHARED |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $3.4M | 0.10% | 52,753 | Common | SHARED |
| 465741AN6 | ITRI 0 03/15/26 | ITRON INC | $3.2M | 0.10% | 3,256,000 | Common | NONE |
| 82846H504 | QXO 5.5 05/15/28 | QXO INC | $3.1M | 0.09% | 55,998 | Common | SHARED |
| 152413100 | CBC | CENTRAL BANCOMPANY | $3.0M | 0.09% | 125,540 | Common | SHARED |
| 747525103 | QCOM | QUALCOMM INC | $3.0M | 0.09% | 17,588 | Common | SHARED |
| M22465104 | CHKP | CHECK POINT SOFTWARE TECH LT | $2.9M | 0.09% | 15,495 | Common | SHARED |
| 464286640 | ECH | ISHARES INC | $2.8M | 0.08% | 70,000 | Common | SHARED |
| 03990B309 | ARES 6.75 10/01/27 B | ARES MANAGEMENT CORPORATION | $2.6M | 0.08% | 50,965 | Common | SHARED |
| G4330A129 | HAVAU | HARVARD AVE ACQUISITION CORP | $2.5M | 0.08% | 250,000 | Common | SHARED |
| G2851K120 | DMIIU | DRUGS MADE IN AMER ACQ II CO | $2.5M | 0.08% | 250,000 | Common | SHARED |
| 55306N104 | MKSI | MKS INC. | $2.5M | 0.08% | 15,640 | Common | SHARED |
| G6180J126 | MMTXU | MILUNA ACQUISITION CORP | $2.5M | 0.07% | 250,000 | Common | SHARED |
| G4330A103 | HAVA | HARVARD AVE ACQUISITION CORP | $2.5M | 0.07% | 250,000 | Common | SHARED |
| 595112103 | MU | MICRON TECHNOLOGY INC | $2.4M | 0.07% | 8,461 | Common | SHARED |
| G8773E126 | BEBE/U | TGE VALUE CREATIVE SOLUTIONS | $2.4M | 0.07% | 238,500 | Common | SHARED |
| G2616C124 | DSACU | DAEDALUS SPL ACQUISITION COR | $2.3M | 0.07% | 225,000 | Common | SHARED |
| 65339KCY4 | NEE 3 03/01/27 | NEXTERA ENERGY CAP HLDGS INC | $2.2M | 0.07% | 1,800,000 | Common | NONE |
| G0081J129 | AEAQU | ACTIVATE ENERGY ACQUISITION | $2.2M | 0.07% | 220,000 | Common | SHARED |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $2.0M | 0.06% | 6,734 | Common | SHARED |
| 87422Q109 | TLN | TALEN ENERGY CORP | $2.0M | 0.06% | 5,436 | Common | SHARED |
| 30303M102 | META | META PLATFORMS INC | $2.0M | 0.06% | 2,973 | Common | SHARED |
| 552690109 | MDU | MDU RES GROUP INC | $2.0M | 0.06% | 100,000 | Common | SHARED |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $1.9M | 0.06% | 5,426 | Common | SHARED |
| 11135F101 | AVGO | BROADCOM INC | $1.8M | 0.05% | 5,148 | Common | SHARED |
| 464287432 | TLT | ISHARES TR | $1.7M | 0.05% | 20,000 | CALL | SHARED |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $1.7M | 0.05% | 10,750 | Common | SHARED |
| 46283H202 | IRHOU | IRON HORSE ACQUISIT CORP II | $1.7M | 0.05% | 175,000 | Common | SHARED |
| 984245100 | YPF | YPF SOCIEDAD ANONIMA | $1.6M | 0.05% | 43,500 | Common | SHARED |
| G2254C105 | CCIIU | COHEN CIRCLE ACQUISIT CORP I | $1.5M | 0.05% | 148,651 | Common | SHARED |
| 278768106 | SATS | ECHOSTAR CORP | $1.5M | 0.05% | 13,868 | Common | SHARED |
| 88023B103 | TEM | TEMPUS AI INC | $1.4M | 0.04% | 24,241 | Common | SHARED |
| 086921103 | BETA | BETA TECHNOLOGIES INC | $1.4M | 0.04% | 50,000 | Common | SHARED |
| 15101Q207 | CLS | CELESTICA INC | $1.4M | 0.04% | 4,632 | Common | SHARED |
| 464286632 | EIS | ISHARES INC | $1.3M | 0.04% | 12,000 | Common | SHARED |
| 10950A205 | BTSG 6.75 02/01/27 | BRIGHTSPRING HEALTH SVCS INC | $1.3M | 0.04% | 10,213 | Common | SHARED |
| G9675P102 | WLAC | WILLOW LANE ACQUISITION CORP | $1.3M | 0.04% | 100,000 | Common | SHARED |
| G5414D129 | LFACU | LEAPFROG ACQUISITION CORP | $1.3M | 0.04% | 125,000 | Common | SHARED |
| 23703Q203 | DQ | DAQO NEW ENERGY CORP | $1.2M | 0.04% | 41,600 | Common | SHARED |
| 20030N101 | CMCSA | COMCAST CORP NEW | $1.2M | 0.04% | 40,000 | CALL | SHARED |
| 48251W104 | KKR | KKR & CO INC | $1.2M | 0.04% | 9,341 | Common | SHARED |
| 008073108 | AVAV | AEROVIRONMENT INC | $1.2M | 0.04% | 4,900 | Common | SHARED |
| 464286400 | EWZ | ISHARES INC | $1.1M | 0.03% | 35,000 | Common | SHARED |
| 05278C107 | ATHM | AUTOHOME INC | $1.1M | 0.03% | 49,500 | Common | SHARED |
| 36165L108 | GDS | GDS HLDGS LTD | $1.1M | 0.03% | 31,535 | Common | SHARED |
| 72352L106 | PINS | PINTEREST INC | $1.1M | 0.03% | 41,324 | Common | SHARED |
| 90138A103 | VNET | VNET GROUP INC | $1.0M | 0.03% | 121,670 | Common | SHARED |
| 13321L108 | CCJ | CAMECO CORP | $1.0M | 0.03% | 11,226 | Common | SHARED |
| G1828S109 | CEPV | CANTOR EQUITY PARTNERS V INC | $1.0M | 0.03% | 100,000 | Common | SHARED |
| G3933N108 | GTERU | GLOBA TERRA ACQUISITION COR | $1.0M | 0.03% | 99,157 | Common | SHARED |
| 65339F663 | NEE 7.299 06/01/27 | NEXTERA ENERGY INC | $1.0M | 0.03% | 19,451 | Common | SHARED |
| G6032N127 | MESHU | MESHFLOW ACQUISITION CORP | $1.0M | 0.03% | 100,000 | Common | SHARED |
| G8254P129 | SCPQU | SOCIAL COMM PARTNERS CORP | $1.0M | 0.03% | 100,000 | Common | SHARED |
| 30234F101 | XZO | EXZEO GROUP INC | $970,000 | 0.03% | 40,000 | Common | SHARED |
| 464287598 | IWD | ISHARES TR | $946,530 | 0.03% | 4,500 | Common | SHARED |
| 171779309 | CIEN | CIENA CORP | $945,770 | 0.03% | 4,044 | Common | SHARED |
| G5304D122 | KCHVU | KOCHAV DEFENSE ACQUI CO | $935,154 | 0.03% | 90,528 | Common | SHARED |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $890,513 | 0.03% | 2,416 | Common | SHARED |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $869,474 | 0.03% | 15,800 | Common | SHARED |
| Q4982L109 | IREN | IREN LIMITED | $868,710 | 0.03% | 23,000 | PUT | SHARED |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $852,859 | 0.03% | 10,036 | Common | SHARED |
| 68347P103 | OPAL | OPAL FUELS INC | $843,132 | 0.03% | 358,018 | Common | SHARED |
| 15135B101 | CNC | CENTENE CORP DEL | $823,000 | 0.02% | 20,000 | CALL | SHARED |
| G2868C103 | DAAQ | DIGITAL ASSET ACQUISITION CO | $820,857 | 0.02% | 80,793 | Common | SHARED |
| 040413205 | ANET | ARISTA NETWORKS INC | $818,282 | 0.02% | 6,245 | Common | SHARED |
| 19247G107 | COHR | COHERENT CORP | $795,312 | 0.02% | 4,309 | Common | SHARED |
| 131428104 | CLMT | CALUMET INC | $794,800 | 0.02% | 40,000 | Common | SHARED |
| 23804L103 | DDOG | DATADOG INC | $775,143 | 0.02% | 5,700 | Common | SHARED |
| 00510N102 | TIC | TIC SOLUTIONS INC | $758,250 | 0.02% | 75,000 | Common | SHARED |
| 78464A888 | XHB | SPDR SERIES TRUST | $700,128 | 0.02% | 6,800 | CALL | SHARED |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $647,649 | 0.02% | 4,501 | Common | SHARED |
| G65431127 | NE | NOBLE CORP PLC | $583,693 | 0.02% | 20,669 | Common | SHARED |
| G11448100 | BTDR | BITDEER TECHNOLOGIES GROUP | $560,500 | 0.02% | 50,000 | PUT | SHARED |
| 512807306 | LRCX | LAM RESEARCH CORP | $534,595 | 0.02% | 3,123 | Common | SHARED |
| G77676123 | SAC/U | SAFEGUARD ACQUISITION CORP | $504,250 | 0.02% | 50,000 | Common | SHARED |
| 482480100 | KLAC | KLA CORP | $494,538 | 0.01% | 407 | Common | SHARED |
| 75734B100 | RDDT | REDDIT INC | $485,485 | 0.01% | 2,112 | Common | SHARED |
| 500754106 | KHC | KRAFT HEINZ CO | $485,000 | 0.01% | 20,000 | CALL | SHARED |
| 038222105 | AMAT | APPLIED MATLS INC | $475,432 | 0.01% | 1,850 | Common | SHARED |
| G9580A125 | VNMEU | VENDOME ACQUISITION CORP I | $430,914 | 0.01% | 41,594 | Common | SHARED |
| 30050B101 | EVH | EVOLENT HEALTH INC | $425,200 | 0.01% | 106,300 | PUT | SHARED |
| 31810T101 | FINV | FINVOLUTION GROUP | $418,400 | 0.01% | 80,000 | PUT | SHARED |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $347,080 | 0.01% | 2,000 | Common | SHARED |
| 254687106 | DIS | DISNEY WALT CO | $341,310 | 0.01% | 3,000 | Common | SHARED |
| 69331C306 | PCG 6 12/01/27 A | PG&E CORP | $304,835 | 0.01% | 7,435 | Common | SHARED |
| 18452B209 | CLSK | CLEANSPARK INC | $303,600 | 0.01% | 30,000 | PUT | SHARED |
| 92892B103 | VOYG | VOYAGER TECHNOLOGIES INC | $300,610 | 0.01% | 11,500 | Common | SHARED |
| G7553X122 | KRSP/U | RICE ACQUISITION CORP 3 | $262,500 | 0.01% | 25,000 | Common | SHARED |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $251,115 | 0.01% | 3,000 | PUT | SHARED |
| G1352R121 | BLRKU | BLUEROCK ACQUISITION CORP | $250,000 | 0.01% | 25,000 | Common | SHARED |
| 009496100 | AIRS | AIRSCULPT TECHNOLOGIES INC | $249,084 | 0.01% | 125,800 | CALL | SHARED |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $223,600 | 0.01% | 10,000 | PUT | SHARED |
| 950915108 | WRD | WERIDE INC | $162,125 | 0.00% | 18,678 | Common | SHARED |
| G2130T108 | INFQ | CHURCHILL CAP CORP X | $156,000 | 0.00% | 10,000 | Common | SHARED |
| 977852AP7 | WOLF 2.5 06/15/31 | WOLFSPEED INC | $130,435 | 0.00% | 88,000 | Common | NONE |
| G7010A129 | PMTR | PERIMETER ACQUISITION CORP I | $102,800 | 0.00% | 10,000 | Common | SHARED |
| 30068X103 | XGN | EXAGEN INC | $60,800 | 0.00% | 10,000 | Common | SHARED |
| 64131A105 | STIM | NEURONETICS INC | $55,200 | 0.00% | 40,000 | 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.