Q4 2025 · 13F-HR
ADAPT Investment Managers SAholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000806
$13.59B
Reported value
142
Positions
2025-12-31
Period end
The Brief · ADAPT Investment Managers SA · Q4 2025
AI · grounded in 13F
ADAPT Investment Managers SA established a new position in XLK valued at $575.88M. The fund also opened a new position in ORCL for $242.64M and increased its stake in AAPL by 27.13%. Conversely, the manager trimmed its holdings in QCOM by 57.14% and ANET by 51.43%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.80B | 13.2% | 9,630,200 | PUT | NONE |
| 464288513 | HYG | ISHARES TR | $1.29B | 9.50% | 16,000,000 | PUT | NONE |
| 88160R101 | TSLA | TESLA INC | $1.07B | 7.86% | 2,375,000 | PUT | NONE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $765.6M | 5.64% | 3,575,000 | PUT | NONE |
| 037833100 | AAPL | APPLE INC | $734.0M | 5.40% | 2,700,000 | PUT | NONE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $575.9M | 4.24% | 4,000,000 | PUT | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $428.1M | 3.15% | 1,500,000 | PUT | NONE |
| 30303M102 | META | META PLATFORMS INC | $349.8M | 2.57% | 530,000 | PUT | NONE |
| 464287184 | FXI | ISHARES TR | $306.3M | 2.25% | 8,000,000 | CALL | NONE |
| 11135F101 | AVGO | BROADCOM INC | $302.8M | 2.23% | 875,000 | PUT | NONE |
| 464287184 | FXI | ISHARES TR | $268.0M | 1.97% | 7,000,000 | PUT | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $263.5M | 1.94% | 1,482,200 | PUT | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $224.9M | 1.66% | 465,000 | PUT | NONE |
| 023135106 | AMZN | AMAZON COM INC | $219.3M | 1.61% | 950,000 | PUT | NONE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $216.7M | 1.59% | 2,550,000 | PUT | NONE |
| 68389X105 | ORCL | ORACLE CORP | $203.7M | 1.50% | 1,044,900 | PUT | NONE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $195.1M | 1.44% | 1,550,000 | PUT | NONE |
| 464287234 | EEM | ISHARES TR | $164.1M | 1.21% | 3,000,000 | CALL | NONE |
| 037833100 | AAPL | APPLE INC | $152.2M | 1.12% | 560,000 | CALL | NONE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $137.9M | 1.02% | 610,000 | PUT | NONE |
| 11135F101 | AVGO | BROADCOM INC | $129.8M | 0.96% | 375,000 | CALL | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $108.3M | 0.80% | 900,000 | PUT | NONE |
| 882508104 | TXN | TEXAS INSTRS INC | $104.1M | 0.77% | 600,300 | PUT | NONE |
| 89832Q109 | TFC | TRUIST FINL CORP | $93.5M | 0.69% | 1,900,000 | PUT | NONE |
| 023135106 | AMZN | AMAZON COM INC | $92.3M | 0.68% | 400,000 | CALL | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $88.9M | 0.65% | 300,000 | PUT | NONE |
| 031162100 | AMGN | AMGEN INC | $81.8M | 0.60% | 250,000 | PUT | NONE |
| 02079K107 | GOOG | ALPHABET INC | $78.5M | 0.58% | 250,000 | PUT | NONE |
| 77543R102 | ROKU | ROKU INC | $75.9M | 0.56% | 700,000 | PUT | NONE |
| 060505104 | BAC | BANK AMERICA CORP | $74.3M | 0.55% | 1,350,000 | PUT | NONE |
| 882508104 | TXN | TEXAS INSTRS INC | $73.7M | 0.54% | 425,000 | CALL | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $72.3M | 0.53% | 600,600 | CALL | NONE |
| 771049103 | RBLX | ROBLOX CORP | $64.8M | 0.48% | 800,000 | PUT | NONE |
| 512807306 | LRCX | LAM RESEARCH CORP | $64.2M | 0.47% | 375,000 | PUT | NONE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $60.9M | 0.45% | 1,200,000 | PUT | NONE |
| 78464A698 | KRE | SPDR SERIES TRUST | $58.3M | 0.43% | 900,000 | PUT | NONE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $56.6M | 0.42% | 100,000 | PUT | NONE |
| 98980G102 | ZS | ZSCALER INC | $56.2M | 0.41% | 250,000 | PUT | NONE |
| 679295105 | OKTA | OKTA INC | $56.2M | 0.41% | 650,000 | PUT | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $55.5M | 0.41% | 114,825 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $55.4M | 0.41% | 139,900 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $55.4M | 0.41% | 1,500,200 | PUT | NONE |
| 172967424 | C | CITIGROUP INC | $52.5M | 0.39% | 450,000 | PUT | NONE |
| 517834107 | LVS | LAS VEGAS SANDS CORP | $51.8M | 0.38% | 795,200 | PUT | NONE |
| 852234103 | XYZ | BLOCK INC | $48.8M | 0.36% | 750,000 | PUT | NONE |
| 052769106 | ADSK | AUTODESK INC | $44.4M | 0.33% | 150,000 | PUT | NONE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $42.8M | 0.31% | 1,050,000 | PUT | NONE |
| 040413205 | ANET | ARISTA NETWORKS INC | $42.6M | 0.31% | 325,000 | PUT | NONE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $42.5M | 0.31% | 500,000 | CALL | NONE |
| 060505104 | BAC | BANK AMERICA CORP | $41.3M | 0.30% | 750,000 | CALL | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $40.6M | 0.30% | 228,600 | CALL | NONE |
| 532457108 | LLY | ELI LILLY & CO | $40.3M | 0.30% | 37,500 | PUT | NONE |
| 92189F676 | SMH | VANECK ETF TRUST | $39.3M | 0.29% | 109,241 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $39.0M | 0.29% | 200,000 | CALL | NONE |
| 78464A698 | KRE | SPDR SERIES TRUST | $38.9M | 0.29% | 600,000 | CALL | NONE |
| 023135106 | AMZN | AMAZON COM INC | $38.7M | 0.28% | 167,550 | Common | NONE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $38.2M | 0.28% | 1,250,000 | PUT | NONE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $37.8M | 0.28% | 300,000 | CALL | NONE |
| 517834107 | LVS | LAS VEGAS SANDS CORP | $37.1M | 0.27% | 570,200 | CALL | NONE |
| 75513E101 | RTX | RTX CORPORATION | $36.7M | 0.27% | 200,000 | PUT | NONE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $35.6M | 0.26% | 700,000 | CALL | NONE |
| 11135F101 | AVGO | BROADCOM INC | $35.5M | 0.26% | 102,652 | Common | NONE |
| 747525103 | QCOM | QUALCOMM INC | $34.2M | 0.25% | 200,000 | PUT | NONE |
| 461202103 | INTU | INTUIT | $33.1M | 0.24% | 50,000 | PUT | NONE |
| 55616P104 | M | MACYS INC | $33.1M | 0.24% | 1,500,000 | PUT | NONE |
| 031162100 | AMGN | AMGEN INC | $32.7M | 0.24% | 100,000 | CALL | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $29.9M | 0.22% | 160,200 | CALL | NONE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $29.8M | 0.22% | 300,000 | PUT | NONE |
| 052769106 | ADSK | AUTODESK INC | $29.6M | 0.22% | 100,000 | CALL | NONE |
| 89832Q109 | TFC | TRUIST FINL CORP | $29.5M | 0.22% | 600,000 | CALL | NONE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $28.3M | 0.21% | 50,000 | CALL | NONE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $28.3M | 0.21% | 125,000 | CALL | NONE |
| 23804L103 | DDOG | DATADOG INC | $27.2M | 0.20% | 200,000 | PUT | NONE |
| 032654105 | ADI | ANALOG DEVICES INC | $27.1M | 0.20% | 100,000 | PUT | NONE |
| 532457108 | LLY | ELI LILLY & CO | $26.9M | 0.20% | 25,000 | CALL | NONE |
| 345370860 | F | FORD MTR CO | $26.2M | 0.19% | 2,000,000 | PUT | NONE |
| 437076102 | HD | HOME DEPOT INC | $25.8M | 0.19% | 75,000 | PUT | NONE |
| 038222105 | AMAT | APPLIED MATLS INC | $25.7M | 0.19% | 100,000 | PUT | NONE |
| 98980G102 | ZS | ZSCALER INC | $25.3M | 0.19% | 112,413 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $24.9M | 0.18% | 1,000,100 | PUT | NONE |
| 256746108 | DLTR | DOLLAR TREE INC | $24.6M | 0.18% | 200,000 | PUT | NONE |
| 256746108 | DLTR | DOLLAR TREE INC | $24.6M | 0.18% | 200,000 | CALL | NONE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $24.4M | 0.18% | 600,000 | CALL | NONE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $24.4M | 0.18% | 800,000 | CALL | NONE |
| 37045V100 | GM | GENERAL MTRS CO | $24.4M | 0.18% | 300,000 | PUT | NONE |
| 37045V100 | GM | GENERAL MTRS CO | $24.4M | 0.18% | 300,000 | CALL | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $24.2M | 0.18% | 50,000 | CALL | NONE |
| 548661107 | LOW | LOWES COS INC | $24.1M | 0.18% | 100,000 | PUT | NONE |
| 548661107 | LOW | LOWES COS INC | $24.1M | 0.18% | 100,000 | CALL | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $24.1M | 0.18% | 300,000 | PUT | NONE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $23.7M | 0.17% | 104,840 | Common | NONE |
| 98980G102 | ZS | ZSCALER INC | $22.5M | 0.17% | 100,000 | CALL | NONE |
| 55616P104 | M | MACYS INC | $22.1M | 0.16% | 1,000,000 | CALL | NONE |
| 23804L103 | DDOG | DATADOG INC | $21.8M | 0.16% | 160,121 | Common | NONE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $21.4M | 0.16% | 100,000 | CALL | NONE |
| 437076102 | HD | HOME DEPOT INC | $20.8M | 0.15% | 60,470 | Common | NONE |
| 526057104 | LEN | LENNAR CORP | $20.6M | 0.15% | 200,000 | PUT | NONE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $19.8M | 0.15% | 200,000 | CALL | NONE |
| 30303M102 | META | META PLATFORMS INC | $19.8M | 0.15% | 30,000 | CALL | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $19.2M | 0.14% | 103,032 | Common | NONE |
| 461202103 | INTU | INTUIT | $18.6M | 0.14% | 28,023 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $18.4M | 0.14% | 500,000 | CALL | NONE |
| 75513E101 | RTX | RTX CORPORATION | $18.3M | 0.13% | 100,000 | CALL | NONE |
| 464287184 | FXI | ISHARES TR | $17.7M | 0.13% | 463,524 | Common | NONE |
| 172967424 | C | CITIGROUP INC | $17.5M | 0.13% | 150,000 | CALL | NONE |
| 679295105 | OKTA | OKTA INC | $17.3M | 0.13% | 200,000 | CALL | NONE |
| 747525103 | QCOM | QUALCOMM INC | $17.1M | 0.13% | 100,000 | CALL | NONE |
| 461202103 | INTU | INTUIT | $16.6M | 0.12% | 25,000 | CALL | NONE |
| 052769106 | ADSK | AUTODESK INC | $16.5M | 0.12% | 55,648 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $16.1M | 0.12% | 200,000 | CALL | NONE |
| 902973304 | USB | US BANCORP DEL | $16.0M | 0.12% | 300,100 | PUT | NONE |
| 902973304 | USB | US BANCORP DEL | $16.0M | 0.12% | 300,000 | CALL | NONE |
| 88160R101 | TSLA | TESLA INC | $15.1M | 0.11% | 33,530 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $14.2M | 0.10% | 58,970 | Common | NONE |
| 23804L103 | DDOG | DATADOG INC | $13.6M | 0.10% | 100,000 | CALL | NONE |
| 032654105 | ADI | ANALOG DEVICES INC | $13.6M | 0.10% | 50,000 | CALL | NONE |
| 345370860 | F | FORD MTR CO | $13.1M | 0.10% | 1,000,000 | CALL | NONE |
| 040413205 | ANET | ARISTA NETWORKS INC | $13.1M | 0.10% | 100,000 | CALL | NONE |
| 437076102 | HD | HOME DEPOT INC | $12.9M | 0.09% | 37,500 | CALL | NONE |
| 654106103 | NKE | NIKE INC | $12.7M | 0.09% | 200,000 | PUT | NONE |
| 654106103 | NKE | NIKE INC | $12.7M | 0.09% | 200,000 | CALL | NONE |
| 717081103 | PFE | PFIZER INC | $12.4M | 0.09% | 500,000 | CALL | NONE |
| 037833100 | AAPL | APPLE INC | $12.3M | 0.09% | 45,400 | Common | NONE |
| 526057104 | LEN | LENNAR CORP | $11.7M | 0.09% | 114,143 | Common | NONE |
| 88339J105 | TTD | THE TRADE DESK INC | $11.4M | 0.08% | 300,000 | PUT | NONE |
| 526057104 | LEN | LENNAR CORP | $10.3M | 0.08% | 100,000 | CALL | NONE |
| 30303M102 | META | META PLATFORMS INC | $9.5M | 0.07% | 14,460 | Common | NONE |
| 88339J105 | TTD | THE TRADE DESK INC | $8.0M | 0.06% | 211,437 | Common | NONE |
| 88339J105 | TTD | THE TRADE DESK INC | $7.6M | 0.06% | 200,000 | CALL | NONE |
| 552953101 | MGM | MGM RESORTS INTERNATIONAL | $7.3M | 0.05% | 200,000 | PUT | NONE |
| 654106103 | NKE | NIKE INC | $7.1M | 0.05% | 111,213 | Common | NONE |
| V7780T103 | RCL | ROYAL CARIBBEAN GROUP | $6.7M | 0.05% | 24,000 | PUT | NONE |
| 679295105 | OKTA | OKTA INC | $6.4M | 0.05% | 73,789 | Common | NONE |
| 852234103 | XYZ | BLOCK INC | $6.3M | 0.05% | 97,114 | Common | NONE |
| 552953101 | MGM | MGM RESORTS INTERNATIONAL | $5.5M | 0.04% | 150,000 | CALL | NONE |
| V7780T103 | RCL | ROYAL CARIBBEAN GROUP | $4.5M | 0.03% | 16,000 | CALL | NONE |
| 032654105 | ADI | ANALOG DEVICES INC | $4.5M | 0.03% | 16,435 | Common | NONE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $4.1M | 0.03% | 47,955 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $3.1M | 0.02% | 33,000 | Common | NONE |
| 038222105 | AMAT | APPLIED MATLS INC | $2.6M | 0.02% | 10,177 | Common | NONE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $1.5M | 0.01% | 36,555 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $144,584 | 0.00% | 1,801 | Common | NONE |
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.