Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| iShares iBoxx USD High Yield Corporate Bond ETF(Put) | 0 | 107,777 | +107,777 | 0 | 857,474 | — | +857,474 |
| State Street SPDR S&P Biotech ETF ST STR SP BIOT | 16,587,354 | 21,155,872 | +4,568,518 | 2,022,496 | 2,702,240 | 1.78% | +679,743 |
| iShares MSCI South Korea ETF | 0 | 5,551,169 | +5,551,169 | 0 | 682,849 | 0.45% | +682,849 |
| iShares iBoxx USD Investment Grade Corporate Bond ETF | 0 | 6,244,041 | +6,244,041 | 0 | 680,538 | 0.45% | +680,538 |
| Sandisk CorpDE(SNDK) | 854,456 | 1,251,179 | +396,723 | 202,831 | 794,924 | 0.52% | +592,093 |
| Tesla Inc(TSLA)(Call) | 12,280 | 30,303 | +18,023 | 552,256 | 1,126,514 | — | +574,258 |
| Oracle Corp(ORCL) | 4,000,917 | 8,943,514 | +4,942,597 | 779,819 | 1,315,680 | 0.87% | +535,862 |
| iShares iBoxx USD High Yield Corporate Bond ETF(Call) | 0 | 56,450 | +56,450 | 0 | 449,116 | — | +449,116 |
| Alphabet Inc(GOOG) | 5,851,943 | 7,801,298 | +1,949,355 | 1,836,340 | 2,237,880 | 1.47% | +401,541 |
| ASML Holding NV N Y REGISTRY SHS | 261,815 | 509,346 | +247,531 | 280,105 | 672,759 | 0.44% | +392,654 |
| Walmart Inc(WMT) | 4,357,102 | 7,030,601 | +2,673,499 | 485,425 | 873,763 | 0.58% | +388,338 |
| Tesla Inc(TSLA)(Put) | 0 | 76,670 | +76,670 | 0 | 2,850,207 | — | +2,850,207 |
| State Street SPDR S&P 500 ETF Trust(SPY)(Call) | 0 | 8,378 | +8,378 | 0 | 544,855 | — | +544,855 |
| iShares Russell 2000 ETF | 4,961,585 | 6,167,466 | +1,205,881 | 1,221,344 | 1,529,532 | 1.01% | +308,188 |
| Palantir Technologies Inc(PLTR)(Put) | 20,480 | 45,309 | +24,829 | 364,032 | 662,780 | — | +298,748 |
| Accenture PLC SHS CLASS A | 0 | 2,632,048 | +2,632,048 | 0 | 521,909 | 0.34% | +521,909 |
| State Street SPDR S&P MidCap 400 ETF Trust(MDY)(Put) | 0 | 4,553 | +4,553 | 0 | 280,811 | — | +280,811 |
| iShares Semiconductor ETF | 0 | 1,851,369 | +1,851,369 | 0 | 608,471 | 0.40% | +608,471 |
| iShares Russell 2000 ETF(Put) | 0 | 70,283 | +70,283 | 0 | 1,743,018 | — | +1,743,018 |
| iShares iBoxx USD Investment Grade Corporate Bond ETF(Put) | 0 | 24,000 | +24,000 | 0 | 261,576 | — | +261,576 |
| State Street Materials Select Sector SPDR ETF ST STR MATER ETF | 0 | 6,351,145 | +6,351,145 | 0 | 317,367 | 0.21% | +317,367 |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 0 | 6,196,808 | +6,196,808 | 0 | 582,066 | 0.38% | +582,066 |
| State Street Technology Select Sector SPDR ETF ST STR TECHN ETF | 0 | 2,017,992 | +2,017,992 | 0 | 268,191 | 0.18% | +268,191 |
| iShares iBoxx USD High Yield Corporate Bond ETF | 0 | 6,499,272 | +6,499,272 | 0 | 517,082 | 0.34% | +517,082 |
| Johnson & Johnson(JNJ) | 0 | 2,389,655 | +2,389,655 | 0 | 584,127 | 0.38% | +584,127 |
| VanEck Junior Gold Miners ETF(Put) JUNIOR GOLD MINE | 0 | 17,500 | +17,500 | 0 | 210,070 | — | +210,070 |
| ServiceNow Inc(NOW)(Put) | 0 | 21,174 | +21,174 | 0 | 221,374 | — | +221,374 |
| BP PLC(BP) | 0 | 6,573,902 | +6,573,902 | 0 | 308,973 | 0.20% | +308,973 |
| Taiwan Semiconductor Manufacturing Co Ltd(TSM) | 0 | 1,550,526 | +1,550,526 | 0 | 524,000 | 0.34% | +524,000 |
| Applied Materials Inc | 0 | 2,074,673 | +2,074,673 | 0 | 709,102 | 0.47% | +709,102 |
| Marsh & McLennan Cos Inc(MRSH) | 0 | 2,566,547 | +2,566,547 | 0 | 445,168 | 0.29% | +445,168 |
| Texas Instruments Inc(TXN) | 3,865,198 | 4,367,826 | +502,628 | 670,573 | 847,970 | 0.56% | +177,397 |
| Banco Santander SA(SAN) | 0 | 15,294,412 | +15,294,412 | 0 | 172,521 | 0.11% | +172,521 |
| State Street Communication Services Select Sector SPDR ETF(Call) ST STR SVC ETF | 0 | 14,990 | +14,990 | 0 | 166,179 | — | +166,179 |
| Coherent Corp(COHR) | 0 | 1,021,969 | +1,021,969 | 0 | 243,443 | 0.16% | +243,443 |
| Micron Technology Inc(MU) | 4,952,986 | 4,668,207 | -284,779 | 1,413,632 | 1,577,107 | 1.04% | +163,475 |
| State Street Industrial Select Sector SPDR ETF(Put) ST STR INDL ETF | 0 | 10,000 | +10,000 | 0 | 161,730 | — | +161,730 |
| ServiceNow Inc(NOW) | 2,317,835 | 4,875,504 | +2,557,669 | 355,069 | 509,734 | 0.34% | +154,665 |
| KraneShares CSI China Internet ETF(Call) | 0 | 65,712 | +65,712 | 0 | 186,819 | — | +186,819 |
| Lumentum Holdings Inc(LITE) | 0 | 541,269 | +541,269 | 0 | 380,382 | 0.25% | +380,382 |
| Ciena Corp(CIEN) | 0 | 423,783 | +423,783 | 0 | 164,525 | 0.11% | +164,525 |
| Apple Inc(AAPL)(Call) | 14,048 | 20,847 | +6,799 | 381,909 | 529,076 | — | +147,167 |
| Robinhood Markets Inc(HOOD) | 0 | 4,858,274 | +4,858,274 | 0 | 336,678 | 0.22% | +336,678 |
| Invesco S&P 500 Equal Weight ETF(Call) S&P500 EQL WGT | 0 | 7,350 | +7,350 | 0 | 141,061 | — | +141,061 |
| iShares 20 Year Treasury Bond ETF | 0 | 2,373,581 | +2,373,581 | 0 | 205,766 | 0.14% | +205,766 |
| Oracle Corp(ORCL)(Put) | 27,385 | 45,705 | +18,320 | 533,761 | 672,366 | — | +138,605 |
| State Street Energy Select Sector SPDR ETF ST STR ENERG ETF | 0 | 6,241,140 | +6,241,140 | 0 | 382,332 | 0.25% | +382,332 |
| KraneShares CSI China Internet ETF(Put) | 0 | 52,850 | +52,850 | 0 | 150,253 | — | +150,253 |
| iShares Core S&P Mid-Cap ETF | 0 | 2,161,045 | +2,161,045 | 0 | 145,935 | 0.10% | +145,935 |
| Booking Holdings Inc(BKNG) | 77,867 | 128,145 | +50,278 | 417,003 | 539,531 | 0.36% | +122,528 |
| Moody's Corp(MCO) | 0 | 504,423 | +504,423 | 0 | 220,055 | 0.14% | +220,055 |
| State Street Financial Select Sector SPDR ETF(Put) ST STR FINL ETF | 0 | 66,664 | +66,664 | 0 | 329,120 | — | +329,120 |
| State Street SPDR S&P 500 ETF Trust(SPY) | 2,669,240 | 2,981,038 | +311,798 | 1,820,208 | 1,938,688 | 1.28% | +118,480 |
| Vertiv Holdings Co(VRT) | 0 | 599,257 | +599,257 | 0 | 150,162 | 0.10% | +150,162 |
| Teradyne Inc(TER) | 0 | 798,467 | +798,467 | 0 | 236,714 | 0.16% | +236,714 |
| Procter & Gamble Co(PG) | 2,812,323 | 3,575,880 | +763,557 | 403,034 | 516,500 | 0.34% | +113,466 |
| iShares MSCI Emerging Markets ETF(Put) | 0 | 41,837 | +41,837 | 0 | 237,592 | — | +237,592 |
| Vanguard Long-Term Corporate Bond ETF LG-TERM COR BD | 0 | 1,501,253 | +1,501,253 | 0 | 112,174 | 0.07% | +112,174 |
| iShares MSCI Emerging Markets ETF | 0 | 3,692,807 | +3,692,807 | 0 | 209,715 | 0.14% | +209,715 |
| iShares MSCI Brazil ETF(Put) | 0 | 32,652 | +32,652 | 0 | 125,351 | — | +125,351 |
| Alibaba Group Holding Ltd(BABA)(Put) | 0 | 12,731 | +12,731 | 0 | 159,723 | — | +159,723 |
| CoreWeave Inc(CRWV)(Call) | 0 | 15,150 | +15,150 | 0 | 117,367 | — | +117,367 |
| Corning Inc(GLW) | 0 | 1,666,789 | +1,666,789 | 0 | 226,633 | 0.15% | +226,633 |
| VanEck Semiconductor ETF SEMICONDUCTR ETF | 0 | 1,132,514 | +1,132,514 | 0 | 434,206 | 0.29% | +434,206 |
| Intel Corp(INTC) | 13,185,158 | 13,322,343 | +137,185 | 486,532 | 587,915 | 0.39% | +101,383 |
| Alibaba Group Holding Ltd(BABA)(Call) | 17,102 | 28,053 | +10,951 | 250,681 | 351,953 | — | +101,272 |
| Atmos Energy Corp(ATO) | 0 | 834,718 | +834,718 | 0 | 154,189 | 0.10% | +154,189 |
| iShares MSCI Taiwan ETF MSCI TAIWAN ETF | 0 | 2,439,852 | +2,439,852 | 0 | 173,034 | 0.11% | +173,034 |
| State Street SPDR S&P Retail ETF ST STR SP RETAIL | 0 | 1,234,823 | +1,234,823 | 0 | 99,366 | 0.07% | +99,366 |
| State Street Utilities Select Sector SPDR ETF ST STR UTIL ETF | 0 | 5,694,524 | +5,694,524 | 0 | 261,322 | 0.17% | +261,322 |
| RTX Corp(RTX) | 0 | 1,831,039 | +1,831,039 | 0 | 353,207 | 0.23% | +353,207 |
| Moderna Inc(MRNA) | 0 | 4,317,219 | +4,317,219 | 0 | 219,315 | 0.14% | +219,315 |
| TechnipFMC PLC(FTI) | 0 | 1,997,976 | +1,997,976 | 0 | 138,120 | 0.09% | +138,120 |
| Delta Air Lines Inc(DAL) | 0 | 2,620,552 | +2,620,552 | 0 | 174,214 | 0.11% | +174,214 |
| First Trust Dow Jones Internet Index Fund | 0 | 404,524 | +404,524 | 0 | 94,671 | 0.06% | +94,671 |
| iShares J.P. Morgan USD Emerging Markets Bond ETF(Call) | 0 | 10,000 | +10,000 | 0 | 93,930 | — | +93,930 |
| Parker-Hannifin Corp(PH) | 0 | 272,627 | +272,627 | 0 | 244,067 | 0.16% | +244,067 |
| CoreWeave Inc(CRWV)(Put) | 0 | 16,294 | +16,294 | 0 | 126,230 | — | +126,230 |
| Bank of America Corp | 0 | 12,583,231 | +12,583,231 | 0 | 613,433 | 0.40% | +613,433 |
| Dell Technologies Inc(DELL) | 0 | 1,349,846 | +1,349,846 | 0 | 221,550 | 0.15% | +221,550 |
| Duke Energy Corp(DUK) | 0 | 1,252,046 | +1,252,046 | 0 | 163,943 | 0.11% | +163,943 |
| Vanguard S&P 500 ETF | 0 | 233,070 | +233,070 | 0 | 139,271 | 0.09% | +139,271 |
| SPDR Gold Shares(GLD)(Put) | 0 | 7,707 | +7,707 | 0 | 331,625 | — | +331,625 |
| LyondellBasell Industries NV SHS - A - | 0 | 1,705,438 | +1,705,438 | 0 | 137,390 | 0.09% | +137,390 |
| F5 Inc(FFIV) | 0 | 406,567 | +406,567 | 0 | 117,632 | 0.08% | +117,632 |
| State Street Industrial Select Sector SPDR ETF ST STR INDL ETF | 0 | 2,352,626 | +2,352,626 | 0 | 380,490 | 0.25% | +380,490 |
| Meta Platforms Inc(META)(Call) | 0 | 4,524 | +4,524 | 0 | 258,832 | — | +258,832 |
| MercadoLibre Inc(MELI)(Put) | 0 | 625 | +625 | 0 | 108,064 | — | +108,064 |
| Western Digital Corp(WDC) | 0 | 1,188,956 | +1,188,956 | 0 | 321,601 | 0.21% | +321,601 |
| ConocoPhillips(COP) | 0 | 2,050,775 | +2,050,775 | 0 | 270,702 | 0.18% | +270,702 |
| iShares MSCI South Korea ETF(Put) | 0 | 6,500 | +6,500 | 0 | 79,957 | — | +79,957 |
| Intercontinental Exchange Inc(ICE) | 0 | 1,567,360 | +1,567,360 | 0 | 246,514 | 0.16% | +246,514 |
| Northrop Grumman Corp(NOC) | 0 | 263,171 | +263,171 | 0 | 179,546 | 0.12% | +179,546 |
| Boeing Co(BA) | 0 | 1,394,074 | +1,394,074 | 0 | 277,463 | 0.18% | +277,463 |
| Palo Alto Networks Inc(PANW)(Put) | 0 | 8,157 | +8,157 | 0 | 130,773 | — | +130,773 |
| DigitalOcean Holdings Inc(DOCN) | 0 | 1,177,611 | +1,177,611 | 0 | 101,015 | 0.07% | +101,015 |
| GSK PLC(GSK) | 0 | 1,698,298 | +1,698,298 | 0 | 93,729 | 0.06% | +93,729 |
| MKS Inc(MKSI) | 0 | 0 | 0 | 0 | 96,110 | 0.06% | +96,110 |
| Advanced Energy Industries Inc(AEIS) | 0 | 0 | 0 | 0 | 107,883 | 0.07% | +107,883 |
| Vanguard Energy ETF ENERGY ETF | 0 | 452,227 | +452,227 | 0 | 78,253 | 0.05% | +78,253 |