Fund Holdings

SONA ASSET MANAGEMENT (US) LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
ISHARES TR(Call)600,0008,181,400+7,581,40052,296,000709,245,566+656,949,566
LI AUTO INC(LI)00031,834,089249,748,5009.59%+217,914,411
ECHOSTAR CORP(ECHO)304,6501,866,370+1,561,72033,115,455218,495,9358.39%+185,380,480
INVESCO EXCH TRADED FD TR II(Put)
SR LN ETF
07,750,000+7,750,0000158,177,500+158,177,500
AES CORP(AES)011,058,265+11,058,2650155,810,9545.98%+155,810,954
WARNER BROS DISCOVERY INC(WBD)1,000,0005,936,209+4,936,20928,820,000163,008,3006.26%+134,188,300
ECHOSTAR CORP(ECHO)(Call)01,097,100+1,097,1000128,437,497+128,437,497
ISHARES TR(Put)600,0002,000,000+1,400,00052,296,000173,380,000+121,084,000
ISHARES TR(Put)01,500,000+1,500,000085,185,000+85,185,000
AKAMAI TECHNOLOGIES INC(AKAM)00045,812,439106,700,0724.10%+60,887,633
VANGUARD SCOTTSDALE FDS
INT-TERM CORP
0701,744+701,744058,069,3162.23%+58,069,316
ISHARES INC(Call)3,300,0004,210,000+910,000104,841,000161,621,900+56,780,900
SPDR SERIES TRUST
ST LONG BD ETF
02,345,000+2,345,000052,105,9002.00%+52,105,900
ISHARES INC(Call)01,275,000+1,275,000050,694,000+50,694,000
ISHARES TR(Put)0625,000+625,000049,725,000+49,725,000
BILL HOLDINGS INC(BILL)00074,017,964121,274,4304.65%+47,256,466
ISHARES TR(Call)0419,100+419,100045,677,709+45,677,709
SHIFT4 PMTS INC(FOUR)000042,891,2601.65%+42,891,260
ISHARES TR(Call)
MSCI UK ETF NEW
0900,000+900,000041,004,000+41,004,000
DRAFTKINGS INC NEW(DKNG)00030,149,59370,658,0002.71%+40,508,407
SILICON LABORATORIES INC(SLAB)0175,059+175,059036,438,5311.40%+36,438,531
INVESCO EXCHANGE TRADED FD T(Call)
S&P500 EQL WGT
590,500770,000+179,500113,116,180147,778,400+34,662,220
ISHARES TR(Call)0600,000+600,000034,074,000+34,074,000
TOTALENERGIES SE(TTE)(Call)0300,000+300,000028,051,607+28,051,607
TRIP COM GROUP LTD(TCOM)00080,045,875103,731,0003.98%+23,685,125
ISHARES INC(Call)0175,000+175,000021,526,750+21,526,750
VANECK ETF TRUST(Put)
SEMICONDUCTR ETF
050,000+50,000019,170,000+19,170,000
MICROSOFT CORP(MSFT)(Call)050,000+50,000018,508,500+18,508,500
SOREN ACQUISITION CORP01,850,000+1,850,000018,278,0000.70%+18,278,000
ISHARES INC(Call)
MSCI JAPAN ETF
0200,000+200,000016,888,000+16,888,000
LAFAYETTE DIGITAL ACQUISITIO
ORD CLASS A
01,675,000+1,675,000016,515,5000.63%+16,515,500
INVESCO QQQ TR(Call)100,000135,000+35,00061,431,00077,919,300+16,488,300
ISHARES TR(Call)0200,000+200,000016,010,000+16,010,000
BLUE ACQUISITION CORP.
ORD SHS CL A
1,960,1853,342,359+1,382,17420,013,48934,125,4851.31%+14,111,996
SPDR SERIES TRUST(Put)
ST STR SP METAL
0100,000+100,000010,801,000+10,801,000
ISHARES BITCOIN TRUST ETF(IBIT)(Put)370,800750,000+379,20018,410,22028,815,000+10,404,780
FORTRESS VALUE ACQU CORP V
ORD SHS CL A
01,000,000+1,000,000010,030,0000.38%+10,030,000
AVERIN CAP ACQUISITION CORP
UNIT 01/30/2031
01,000,000+1,000,000010,000,0000.38%+10,000,000
MOUNTAIN LAKE ACQUISIT CORP
USD CL A ORD SHS
01,000,000+1,000,00009,845,0000.38%+9,845,000
BLUE OWL CAPITAL CORPORATION(OBDC)0886,000+886,00009,799,1600.38%+9,799,160
CAMBRIDGE ACQUISITION CORP0950,000+950,00009,462,0000.36%+9,462,000
ILLUMINATION ACQUISITIO CORP0900,000+900,00008,928,0000.34%+8,928,000
QIAGEN NV(QGEN)0222,060+222,06008,891,2820.34%+8,891,282
INVESCO DB COMMDY INDX TRCK(DBC)(Call)0300,000+300,00008,685,000+8,685,000
IRIS ACQUISITION CORP II0850,000+850,00008,347,0000.32%+8,347,000
NVIDIA CORPORATION(NVDA)(Call)50,000100,000+50,0009,325,00017,440,000+8,115,000
SPDR SERIES TRUST
ST BLOO HIGH ETF
083,950+83,95008,035,6940.31%+8,035,694
MUZERO ACQUISITION CORP0800,000+800,00007,888,0000.30%+7,888,000
ARCHIMEDES TECH SPAC PTNRS I
ORD SHS
0800,000+800,00007,880,0000.30%+7,880,000
KKR & CO INC(KKR)(Call)083,300+83,30007,705,250+7,705,250
ABONY ACQUISITION CORP I0750,000+750,00007,455,0000.29%+7,455,000
ART TECHNOLOGY ACQUISITION C
USD CL A ORD SHS
0750,000+750,00007,357,5000.28%+7,357,500
ALDABRA 4 LQDTY OPP VEH INC
CL A ORD SHS
0748,363+748,36307,356,4080.28%+7,356,408
KENSINGTON CAP ACQUIST CORP
UNIT 99/99/9999
0700,000+700,00007,028,0000.27%+7,028,000
QORVO INC(QRVO)090,046+90,04606,969,5600.27%+6,969,560
ARMADA ACQUISITION CORP III0650,000+650,00006,487,0000.25%+6,487,000
GRAF GLOBAL CORP0600,000+600,00006,426,0000.25%+6,426,000
KYIVSTAR GROUP LTD(KYIV)3,834,0885,549,679+1,715,59149,766,46256,162,7512.16%+6,396,289
TERAWULF INC(WULF)125,000531,000+406,0001,436,2517,662,3300.29%+6,226,079
SELECT SECTOR SPDR TR(Call)
ST STR ENERG ETF
0100,000+100,00006,126,000+6,126,000
BLACK SPADE ACQUISITION III0600,000+600,00006,000,0000.23%+6,000,000
MOZAYYX ACQUISITION CORP0600,000+600,00005,970,1800.23%+5,970,180
LEGATO MERGER CORP IV0600,000+600,00005,946,0000.23%+5,946,000
M EVO GBL ACQUISITION CORP I
ORD SHS CL A
0600,000+600,00005,910,0000.23%+5,910,000
BITDEER TECHNOLOGIES GROUP(BTDR)374,0031,148,024+774,0214,192,5739,930,4080.38%+5,737,835
CF INDUSTRIES HOLD(CF)(Call)044,100+44,10005,725,944+5,725,944
MESHFLOW ACQUISITION CORP0550,000+550,00005,439,5000.21%+5,439,500
HENNESSY CAP INVTS CORP VIII
ORD CL A
0515,696+515,69605,156,9600.20%+5,156,960
CIPHER DIGITAL INC(CIFR)(Call)0400,000+400,00005,148,000+5,148,000
IREN LIMITED(Call)
ORDINARY SHARES
0150,000+150,00005,142,000+5,142,000
COLOMBIER ACQUISITION CORP I
UNIT 99/99/9999
0500,000+500,00005,090,0000.20%+5,090,000
INVESCO DB COMMDY INDX TRCK(DBC)0175,000+175,00005,066,2510.19%+5,066,251
EVOLUTION GLOBAL ACQUISITION0501,622+501,62204,996,1550.19%+4,996,155
SC II ACQUISITION CORP0500,000+500,00004,985,0000.19%+4,985,000
TALON CAP CORP
ORD SHS CL A
0487,324+487,32404,970,7050.19%+4,970,705
IDEA ACQUISITION CORP0500,000+500,00004,955,0000.19%+4,955,000
SPRING VY ACQUISITION CORP I
ORD SHS CL A
0500,000+500,00004,935,0000.19%+4,935,000
AMERICAN DRIVE ACQUISITION C
USD CL A ORD SHS
0483,091+483,09104,782,6010.18%+4,782,601
SOCIAL COMM PARTNERS CORP
ORD SHS CL A
0477,971+477,97104,731,9130.18%+4,731,913
HUT 8 CORP(HUT)(Call)0100,000+100,00004,691,000+4,691,000
FG IMPERII ACQUISITION CORP0473,433+473,43304,686,9870.18%+4,686,987
WEN ACQUISITION CORP0450,000+450,00004,581,0000.18%+4,581,000
AXIOM INTELLIGENCE AC CORP 1
ORD SHS CL A
0449,649+449,64904,554,9450.17%+4,554,945
REPUBLIC DIGITAL ACQUISITION0444,102+444,10204,543,1630.17%+4,543,163
CRANE HBR ACQUISITION CORP I
ORD SHS CL A
0451,963+451,96304,478,9540.17%+4,478,954
X3 ACQUISITION CORP LTD0450,000+450,00004,428,0000.17%+4,428,000
COLUMBUS CIRCLE CAP CORP II
USD CL A ORD SHS
0450,000+450,00004,423,5000.17%+4,423,500
XSOLLA SPAC 10450,000+450,00004,423,5000.17%+4,423,500
OTG ACQUISITION CORP. I0438,894+438,89404,415,2740.17%+4,415,274
SILVERBOX CORP V0443,400+443,40004,398,5280.17%+4,398,528
HUT 8 CORP(HUT)091,400+91,40004,287,5740.16%+4,287,574
GIGCAPITAL8 CORP0416,416+416,41604,151,6670.16%+4,151,667
HARVARD AVE ACQUISITION CORP0410,208+410,20804,106,1820.16%+4,106,182
UNITED ACQUISITION CORP I0414,655+414,65504,063,6190.16%+4,063,619
METALS ACQUISITION CORP II0400,000+400,00004,036,0000.15%+4,036,000
SPARTACUS ACQUISITION CORP I
UNIT 01/30/2031
0400,000+400,00004,014,0000.15%+4,014,000
KPET ULTRA PACELINE CORP0400,000+400,00004,000,0000.15%+4,000,000
ONEIM ACQUISITION CORP0400,000+400,00003,984,0000.15%+3,984,000
SPACE ASSET ACQUISITION CORP0400,000+400,00003,984,0000.15%+3,984,000
JD.COM INC(JD)00003,931,6680.15%+3,931,668
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