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Lombard Odier Asset Management (USA) Corp

Q4 2025 · 13F-HR

Lombard Odier Asset Management (USA) Corpholdings as filed

Filed 2026-02-17 · accession 0000908834-26-000080

$1.08B
Reported value
213
Positions
2025-12-31
Period end
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The Brief · Lombard Odier Asset Management (USA) Corp · Q4 2025

AI · grounded in 13F

Lombard Odier Asset Management (USA) Corp established a new position in AAPL valued at $54.9M. The fund also opened new stakes in MET for $15.7M and VOD for $10.5M. On the selling side, the fund closed its positions in CMCSA and QQQ, reducing those holdings by $23.5M and $18.0M respectively. Additionally, it trimmed its holdings in IWM by 92.5% and SPY by 71.2%.

Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
78462F103SPYSPDR S&P 500 ETF TR$92.7M8.62%136,000PUTSOLE
02376R102AALAMERICAN AIRLS GROUP INC$88.3M8.21%5,760,100PUTSOLE
92189F106GDXVANECK ETF TRUST$52.7M4.90%615,000PUTSOLE
037833100AAPLAPPLE INC$51.7M4.80%190,000PUTSOLE
78468R556XOPSPDR SERIES TRUST$50.5M4.69%400,000PUTSOLE
053774105CARAVIS BUDGET GROUP$44.3M4.12%345,000PUTSOLE
76954A103RIVNRIVIAN AUTOMOTIVE INC$43.4M4.03%2,200,000PUTSOLE
464287432TLTISHARES TR$36.3M3.38%417,000PUTSOLE
69318G106PBFPBF ENERGY INC$25.8M2.40%950,000PUTSOLE
110122108BMYBRISTOL-MYERS SQUIBB CO$25.6M2.38%475,000CALLSOLE
58933Y105MRKMERCK & CO INC$20.5M1.91%195,000CALLSOLE
76954AAB9RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC$18.9M1.76%15,000,000CommonSOLE
172967424CCITIGROUP INC$18.7M1.74%160,000CALLSOLE
375558103GILDGILEAD SCIENCES INC$16.6M1.54%135,000CALLSOLE
91324P102UNHUNITEDHEALTH GROUP INC$16.5M1.53%50,000CALLSOLE
717081103PFEPFIZER INC$16.4M1.53%660,000CALLSOLE
651639106NEMNEWMONT CORP$15.0M1.39%150,000PUTSOLE
62886HBD2NCLH 1.125 02/15/27NCL CORP LTD$14.5M1.35%14,500,000CommonSOLE
594972AL5MSTR 0.875 03/15/31STRATEGY INC$14.4M1.34%14,000,000CommonSOLE
375558103GILDGILEAD SCIENCES INC$12.3M1.14%100,000PUTSOLE
59156R108METMETLIFE INC$11.8M1.10%150,000CALLSOLE
828806109SPGSIMON PPTY GROUP INC NEW$11.1M1.03%60,000CALLSOLE
060505104BACBANK AMERICA CORP$11.0M1.02%200,000PUTSOLE
92857W308VODVODAFONE GROUP PLC NEW$10.6M0.98%800,000CALLSOLE
49456B101KMIKINDER MORGAN INC DEL$9.9M0.92%360,000CALLSOLE
172967424CCITIGROUP INC$9.3M0.87%80,000PUTSOLE
G66721104NCLHNORWEGIAN CRUISE LINE HLDG L$8.9M0.83%400,000CALLSOLE
205887102CAGCONAGRA BRANDS INC$8.7M0.80%500,000CALLSOLE
17275R102CSCOCISCO SYS INC$7.7M0.72%100,000CALLSOLE
35671D857FCXFREEPORT-MCMORAN INC$7.1M0.66%140,000CALLSOLE
76954A103RIVNRIVIAN AUTOMOTIVE INC$6.9M0.64%350,000CALLSOLE
58933Y105MRKMERCK & CO INC$6.8M0.64%65,000PUTSOLE
110122108BMYBRISTOL-MYERS SQUIBB CO$6.7M0.63%125,000PUTSOLE
345370860FFORD MTR CO$6.6M0.61%500,000PUTSOLE
20464U100COMPCOMPASS INC$6.0M0.56%572,000CALLSOLE
500688AH9KOS 3.125 03/15/30KOSMOS ENERGY LTD$6.0M0.56%14,000,000CommonSOLE
46428Q109SLVISHARES SILVER TR$6.0M0.56%93,200CALLSOLE
02079K305GOOGLALPHABET INC$5.9M0.55%18,823CommonSOLE
87612E106TGTTARGET CORP$5.9M0.55%60,000CALLSOLE
91325VAB4UNIT 7.5 12/01/27UNITI GROUP LLC$5.8M0.54%5,255,000CommonSOLE
31428X106FDXFEDEX CORP$5.5M0.51%19,000CALLSOLE
G4412G101HLFHERBALIFE LTD$5.2M0.48%402,500CALLSOLE
459200101IBMINTERNATIONAL BUSINESS MACHS$5.2M0.48%17,500PUTSOLE
92343V104VZVERIZON COMMUNICATIONS INC$5.0M0.47%123,000CommonSOLE
071734107BHCBAUSCH HEALTH COS INC$4.6M0.43%666,000PUTSOLE
911312106UPSUNITED PARCEL SERVICE INC$4.0M0.37%40,000CALLSOLE
59156R108METMETLIFE INC$3.9M0.37%50,000PUTSOLE
500255104KSSKOHLS CORP$3.7M0.34%180,000PUTSOLE
12769G100CZRCAESARS ENTERTAINMENT INC NE$3.4M0.32%146,800CALLSOLE
87422Q109TLNTALEN ENERGY CORP$3.4M0.32%9,101CommonSOLE
037833100AAPLAPPLE INC$3.3M0.31%12,272CommonSOLE
12769G100CZRCAESARS ENTERTAINMENT INC NE$3.2M0.30%137,500CommonSOLE
024061103DCHAMERICAN AXLE & MFG HLDGS IN$3.1M0.29%490,000CommonSOLE
02376R102AALAMERICAN AIRLS GROUP INC$3.1M0.29%200,000CALLSOLE
N00985106AERAERCAP HOLDINGS NV$3.0M0.28%20,818CommonSOLE
594972408MSTRSTRATEGY INC$3.0M0.28%19,500CALLSOLE
37045V100GMGENERAL MTRS CO$2.9M0.27%35,092CommonSOLE
844741108LUVSOUTHWEST AIRLS CO$2.8M0.26%68,329CommonSOLE
595112103MUMICRON TECHNOLOGY INC$2.7M0.25%9,542CommonSOLE
75524B104RBCRBC BEARINGS INC$2.6M0.25%5,906CommonSOLE
185899101CLFCLEVELAND-CLIFFS INC NEW$2.5M0.23%190,000CommonSOLE
983793100XPOXPO INC$2.5M0.23%18,559CommonSOLE
743315103PGRPROGRESSIVE CORP$2.5M0.23%11,050CommonSOLE
58463J304MPTMEDICAL PPTYS TRUST INC$2.5M0.23%500,000PUTSOLE
G6359F137NBRNABORS INDUSTRIES LTD$2.4M0.22%44,500CommonSOLE
747525103QCOMQUALCOMM INC$2.4M0.22%14,000CALLSOLE
165167735EXEEXPAND ENERGY CORPORATION$2.4M0.22%21,509CommonSOLE
71385M107PRMPERIMETER SOLUTIONS INC$2.4M0.22%85,815CommonSOLE
00187Y100APGAPI GROUP CORP$2.3M0.21%59,593CommonSOLE
78468R556XOPSPDR SERIES TRUST$2.3M0.21%18,000CommonSOLE
671044105OSISOSI SYSTEMS INC$2.2M0.21%8,777CommonSOLE
693718108PCARPACCAR INC$2.2M0.21%20,433CommonSOLE
58155Q103MCKMCKESSON CORP$2.1M0.20%2,584CommonSOLE
101137107BSXBOSTON SCIENTIFIC CORP$2.1M0.20%22,108CommonSOLE
12541W209CHRWC H ROBINSON WORLDWIDE INC$2.1M0.19%12,891CommonSOLE
03073E105CORCENCORA INC$2.1M0.19%6,112CommonSOLE
893641100TDGTRANSDIGM GROUP INC$2.0M0.19%1,527CommonSOLE
626717102MURMURPHY OIL CORP$2.0M0.19%64,000CommonSOLE
131428104CLMTCALUMET INC$2.0M0.18%100,095CommonSOLE
260557103DOWDOW INC$2.0M0.18%85,000CALLSOLE
620076307MSIMOTOROLA SOLUTIONS INC$2.0M0.18%5,163CommonSOLE
594918104MSFTMICROSOFT CORP$2.0M0.18%4,092CommonSOLE
82846H405QXOQXO INC$2.0M0.18%101,717CommonSOLE
67103H107ORLYOREILLY AUTOMOTIVE INC$2.0M0.18%21,490CommonSOLE
053332102AZOAUTOZONE INC$1.9M0.18%559CommonSOLE
806857108SLBSLB LIMITED$1.8M0.17%47,000CommonSOLE
80004C200SNDKSANDISK CORP$1.8M0.17%7,538CommonSOLE
032108649SILJAMPLIFY ETF TR$1.8M0.17%64,288CommonSOLE
363576109AJGGALLAGHER ARTHUR J & CO$1.8M0.17%6,862CommonSOLE
136375102CNICANADIAN NATL RY CO$1.8M0.16%17,847CommonSOLE
115236101BROBROWN & BROWN INC$1.8M0.16%22,001CommonSOLE
237266101DARDARLING INGREDIENTS INC$1.7M0.16%47,232CommonSOLE
31428X106FDXFEDEX CORP$1.7M0.16%5,873CommonSOLE
78463V107GLDSPDR GOLD TR$1.7M0.16%4,234CommonSOLE
336433107FSLRFIRST SOLAR INC$1.7M0.16%6,391CommonSOLE
17275R102CSCOCISCO SYS INC$1.5M0.14%20,000PUTSOLE
679580100ODFLOLD DOMINION FREIGHT LINE IN$1.5M0.14%9,781CommonSOLE
G48833118WFRDWEATHERFORD INTL PLC$1.5M0.14%19,500CommonSOLE
884903808TRI4EURTHOMSON REUTERS CORP$1.4M0.13%10,897CommonSOLE
243537107DECKDECKERS OUTDOOR CORP$1.4M0.13%13,750CommonSOLE
05722G100BKRBAKER HUGHES COMPANY$1.4M0.13%31,001CommonSOLE
91324P102UNHUNITEDHEALTH GROUP INC$1.4M0.13%4,275CommonSOLE
608190104MHKMOHAWK INDS INC$1.4M0.13%12,700CommonSOLE
228368106CCKCROWN HLDGS INC$1.4M0.13%13,188CommonSOLE
398433102GFFGRIFFON CORP$1.3M0.13%18,311CommonSOLE
745867101PHMPULTE GROUP INC$1.3M0.13%11,488CommonSOLE
760759100RSGREPUBLIC SVCS INC$1.3M0.12%6,312CommonSOLE
81617J301WTTRSELECT WATER SOLUTIONS INC$1.3M0.12%127,142CommonSOLE
464287655IWMISHARES TR$1.3M0.12%5,285CommonSOLE
78462F103SPYSPDR S&P 500 ETF TR$1.3M0.12%1,891CommonSOLE
149123101CATCATERPILLAR INC$1.3M0.12%2,250CommonSOLE
497266106KEXKIRBY CORP$1.3M0.12%11,486CommonSOLE
824348106SHWSHERWIN WILLIAMS CO$1.3M0.12%3,879CommonSOLE
75513E101RTXRTX CORPORATION$1.2M0.11%6,648CommonSOLE
686688102ORAORMAT TECHNOLOGIES INC$1.2M0.11%10,996CommonSOLE
63001N106NATLNCR ATLEOS CORPORATION$1.2M0.11%31,842CommonSOLE
382550101GTGOODYEAR TIRE & RUBR CO$1.2M0.11%136,000CommonSOLE
05329W102ANAUTONATION INC$1.2M0.11%5,723CommonSOLE
44952J104CRGYCRESCENT ENERGY COMPANY$1.2M0.11%140,000CommonSOLE
458140100INTCINTEL CORP$1.2M0.11%31,673CommonSOLE
369550108GDGENERAL DYNAMICS CORP$1.2M0.11%3,455CommonSOLE
82686Q101SLNSILENCE THERAPEUTICS PLC$1.2M0.11%255,901CommonSOLE
01973R101ALSNALLISON TRANSMISSION HLDGS I$1.1M0.11%11,675CommonSOLE
00724F101ADBEADOBE INC$1.1M0.10%3,207CommonSOLE
370334104GISGENERAL MLS INC$1.1M0.10%23,990CommonSOLE
552953101MGMMGM RESORTS INTERNATIONAL$1.1M0.10%30,000CommonSOLE
91332U101UUNITY SOFTWARE INC$1.1M0.10%24,471CommonSOLE
040413205ANETARISTA NETWORKS INC$1.1M0.10%8,232CommonSOLE
192108504CDECOEUR MNG INC$1.1M0.10%60,355CommonSOLE
G3265R107APTVAPTIV PLC$1.0M0.10%13,793CommonSOLE
42806J700HTZHERTZ GLOBAL HLDGS INC$1.0M0.10%200,000PUTSOLE
41068X100HASIHA SUSTAINABLE INFRA CAP INC$1.0M0.09%32,361CommonSOLE
626717102MURMURPHY OIL CORP$1.0M0.09%32,500CALLSOLE
N07059210ASMLASML HOLDING N V$1.0M0.09%948CommonSOLE
056525108BMIBADGER METER INC$1.0M0.09%5,760CommonSOLE
156431108CENXCENTURY ALUM CO$966,1400.09%24,659CommonSOLE
007903107AMDADVANCED MICRO DEVICES INC$960,2930.09%4,484CommonSOLE
644393100NFENEW FORTRESS ENERGY INC$957,6000.09%840,000PUTSOLE
89346D107TACTRANSALTA CORP$944,2690.09%74,625CommonSOLE
003264108SIVRABRDN SILVER ETF TRUST$939,3170.09%13,887CommonSOLE
626717102MURMURPHY OIL CORP$937,5000.09%30,000PUTSOLE
185899101CLFCLEVELAND-CLIFFS INC NEW$929,6000.09%70,000PUTSOLE
185899101CLFCLEVELAND-CLIFFS INC NEW$929,6000.09%70,000CALLSOLE
714266103PPTAPERPETUA RESOURCES CORP$908,6740.08%37,533CommonSOLE
219350105GLWCORNING INC$907,0340.08%10,359CommonSOLE
35671D857FCXFREEPORT-MCMORAN INC$893,5480.08%17,593CommonSOLE
67066G104NVDANVIDIA CORPORATION$892,9620.08%4,788CommonSOLE
056752108BIDUBAIDU INC$891,1010.08%6,820CommonSOLE
032095101APHAMPHENOL CORP NEW$884,6260.08%6,546CommonSOLE
382550101GTGOODYEAR TIRE & RUBR CO$876,0000.08%100,000PUTSOLE
422806109HEIHEICO CORP NEW$872,3990.08%2,696CommonSOLE
039483102ADMARCHER DANIELS MIDLAND CO$862,3500.08%15,000CommonSOLE
59151K108MEOHMETHANEX CORP$853,7020.08%21,493CommonSOLE
98421M106XRXXEROX HOLDINGS CORP$829,5000.08%350,000PUTSOLE
464286772EWYISHARES INC$820,4400.08%8,439CommonSOLE
126408103CSXCSX CORP$810,4050.08%22,356CommonSOLE
G6359F137NBRNABORS INDUSTRIES LTD$792,7800.07%14,600PUTSOLE
95082P105WCCWESCO INTL INC$785,5390.07%3,211CommonSOLE
G48833118WFRDWEATHERFORD INTL PLC$782,6000.07%10,000PUTSOLE
13321L108CCJCAMECO CORP$757,9950.07%8,285CommonSOLE
78574H104SOCSABLE OFFSHORE CORP$754,9740.07%83,700PUTSOLE
147528103CASYCASEYS GEN STORES INC$741,7370.07%1,342CommonSOLE
11135F101AVGOBROADCOM INC$725,7720.07%2,097CommonSOLE
88160R101TSLATESLA INC$720,9010.07%1,603CommonSOLE
82706C108SIMOSILICON MOTION TECHNOLOGY CO$719,0740.07%7,757CommonSOLE
57686G105MATXMATSON INC$703,4940.07%5,694CommonSOLE
343412102FLRFLUOR CORP NEW$701,8870.07%17,711CommonSOLE
36828A101GEVGE VERNOVA INC$700,6270.07%1,072CommonSOLE
G037AX101AMBAAMBARELLA INC$662,6370.06%9,354CommonSOLE
024061103DCHAMERICAN AXLE & MFG HLDGS IN$641,0000.06%100,000CALLSOLE
024061103DCHAMERICAN AXLE & MFG HLDGS IN$641,0000.06%100,000PUTSOLE
573874104MRVLMARVELL TECHNOLOGY INC$636,3300.06%7,488CommonSOLE
500688106KOSKOSMOS ENERGY LTD$635,1800.06%700,000CALLSOLE
14040H105COFCAPITAL ONE FINL CORP$618,9870.06%2,554CommonSOLE
92840M102VSTVISTRA CORP$615,6350.06%3,816CommonSOLE
65290E101NXTNEXTPOWER INC$611,6860.06%7,022CommonSOLE
88023U101SGISOMNIGROUP INTERNATIONAL INC$580,5880.05%6,503CommonSOLE
023135106AMZNAMAZON COM INC$575,2030.05%2,492CommonSOLE
012653101ALBALBEMARLE CORP$553,7380.05%3,915CommonSOLE
G33856108GSMFERROGLOBE PLC$549,6400.05%118,457CommonSOLE
874039100TSMTAIWAN SEMICONDUCTOR MFG LTD$531,2000.05%1,748CommonSOLE
94106B101WCNWASTE CONNECTIONS INC$524,1510.05%2,989CommonSOLE
739128106POWLPOWELL INDS INC$514,5110.05%1,614CommonSOLE
292671708UUUUENERGY FUELS INC$505,4690.05%34,764CommonSOLE
87162W100SNXTD SYNNEX CORPORATION$501,6180.05%3,339CommonSOLE
G3643J108FLUTFLUTTER ENTMT PLC$500,6130.05%2,328CommonSOLE
67079K100SMRNUSCALE PWR CORP$497,9050.05%35,138CommonSOLE
90353T100UBERUBER TECHNOLOGIES INC$489,6060.05%5,992CommonSOLE
74623V103PCTPURECYCLE TECHNOLOGIES INC$486,6750.05%56,656CommonSOLE
093712107BEBLOOM ENERGY CORP$478,7640.04%5,510CommonSOLE
34986A104FWRDFORWARD AIR CORP$463,0750.04%18,523CommonSOLE
71377A103PFGCPERFORMANCE FOOD GROUP CO$456,3440.04%5,075CommonSOLE
91702V101UROYURANIUM RTY CORP$441,8560.04%124,818CommonSOLE
916896103UECURANIUM ENERGY CORP$438,2220.04%37,519CommonSOLE
02553E106AEOAMERICAN EAGLE OUTFITTERS IN$437,1350.04%16,577CommonSOLE
92826C839VVISA INC$387,8850.04%1,106CommonSOLE
553368101MPMP MATERIALS CORP$362,9860.03%7,185CommonSOLE
46050R102THMINTERNATIONAL TOWER HILL MIN$324,0180.03%174,203CommonSOLE
203668108CYHCOMMUNITY HEALTH SYS INC NEW$299,5200.03%96,000CommonSOLE
M8T80P204NEXNNEXXEN INTL LTD$283,6750.03%58,457CommonSOLE
98421M106XRXXEROX HOLDINGS CORP$281,0820.03%118,600CommonSOLE
05614L209BWBABCOCK & WILCOX ENTERPRISES$253,4670.02%39,979CommonSOLE
01609W102BABAALIBABA GROUP HLDG LTD$246,2540.02%1,680CommonSOLE
53566V106LINELINEAGE INC$244,8250.02%6,995CommonSOLE
92189F106GDXVANECK ETF TRUST$214,4250.02%2,500CommonSOLE
03214Q108AMPXAMPRIUS TECHNOLOGIES INC$188,9020.02%23,942CommonSOLE
205887102CAGCONAGRA BRANDS INC$174,9000.02%10,104CommonSOLE
447011107HUNHUNTSMAN CORP$158,8600.01%15,886CommonSOLE
98980F104GTMZOOMINFO TECHNOLOGIES INC$155,0010.01%15,241CommonSOLE
12510Q100CCCCCC INTELLIGENT SOLUTIONS HL$154,2540.01%19,403CommonSOLE
60741F104MBLYMOBILEYE GLOBAL INC$149,6160.01%14,331CommonSOLE
Y2065G121DHTDHT HOLDINGS INC$148,3150.01%12,147CommonSOLE
051774107AURAURORA INNOVATION INC$123,1180.01%32,062CommonSOLE

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.