Polar Asset Management Partners portfolio

What changed this quarter

479 positions with a change (170 new, 154 added to, 57 trimmed, 98 sold); also, 27 entered through an IPO, 43 exited through an acquisition or merger, 79 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Microsoft+3.0 ppof portfolioNew
  — → 3.0%
• Toronto Dominion Bank+1.8 ppof portfolioNew
  — → 1.8%
• Sun Life Financial+1.8 ppof portfolioNew
  — → 1.8%
• Manulife Financial+1.8 ppof portfolioNew
  — → 1.8%
• State Str Spdr S&P 500 ETF T+1.8 ppof portfolioNew
  — → 1.8%
• Vanguard S&P 500 ETF+1.8 ppof portfolioNew
  — → 1.8%
• Brookfield+1.7 ppof portfolioNew
  — → 1.7%
• Brookfield Asset Management+1.7 ppof portfolioNew
  — → 1.7%
• NVIDIA−51%fewer sharesReduced
  3.9% → 1.6%
• TopBuild+1.6 ppof portfolioNew
  — → 1.6%
• Core Scientific+91%more sharesIncreased
  1.1% → 3.3%
• Alphabet+1.2 ppof portfolioNew
  — → 1.2%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Core ScientificCORZW(warrant)3.3%
• MicrosoftMSFT3.0%
• Toronto Dominion BankTD1.8%
• Sun Life FinancialSLF1.8%
• Manulife FinancialMFC1.8%
• State Str Spdr S&P 500 ETF TSPY1.8%
• Vanguard S&P 500 ETFVOO1.8%
• BrookfieldBN1.7%
• Brookfield Asset ManagementBAM1.7%
• TopBuildBLD1.6%
• NVIDIANVDA1.6%
• AlphabetGOOGL1.2%
• Ishares TrLQD1.2%
• Janus Henderson GroupJHG1.1%
• Global Business Travel GroupGBTG1.1%
• Apogee Therapeutics1.0%
• Electronic ArtsEA1.0%
• Velos Acquisition IVLOS1.0%
• AdobeADBE0.9%
• Nuvalent0.9%
• Select Medical Holdings0.9%
• Catalyst Pharmaceuticals0.8%
• Sila Realty Trust0.8%
• Churchill Capital Corp XICCXI0.8%
• BoeingBA0.7%
• Wintrust FinancialWTFC0.6%
• Norfolk SouthernNSC0.6%
• Pinnacle Financial PartnersPNFP0.6%
• Johnson & JohnsonJNJ0.6%
• Warner Bros. DiscoveryWBD0.5%
• Idea AcquisitionIACO0.5%
• Kochav Defense AcquisitionKCHV0.5%
• Liberty BroadbandLBRDK0.5%
• Taylor Morrison HomeTMHC0.5%
• TeslaTSLA0.5%
• Oxford Lane CapOXLC0.5%
• Bank of MontrealBMO0.5%
• Quantum Leap AcquisitionQLEP0.5%
• GSR V AcquisitionGSRVU(unit)0.5%
• GP-Act III AcquisitionGPAT0.5%
• MaplebearCART0.4%
• Avanos MedicalAVNS0.4%
• D. Boral Acquisition IDBCA0.4%
• NetflixNFLX0.4%
• MOZAYYX AcquisitionMZYX0.4%
• CME GroupCME0.4%
• Bank of AmericaBAC0.4%
• Talkspace0.4%
• AESAES0.4%
• Silverbox Corp IVSBXD0.4%
• Futurecorp Space AcquisitionFTRA/U(unit)0.4%
• ACP Holdings AcquisitionACGC0.4%
• Stellar Bancorp0.4%
• Crown Reserve Acquisition Corp. ICRAC0.4%
• Flagstar Bank, National AssociationFLG0.4%
• Inflection Point Acquisition Corp. VIIPFX0.4%
• Art Technology AcquisitionARTC0.4%
• Drugs Made In America Acquisition IIDMII0.3%
• Disciplined GrowthDGAC/U(unit)0.3%
• Insight Digital Partners IIDYOR0.3%
• SPACSphere AcquisitionSSAC0.3%
• Qdro AcquisitionQADR0.3%
• State StreetSTT0.3%
• Citizens Financial GroupCFG0.3%
• National Storage Affiliates TrustNSA0.3%
• HCM IV AcquisitionHACQ0.3%
• Andretti Acquisition Corp. IIPOLE0.3%
• Moody'sMCO0.3%
• Meshflow AcquisitionMESH0.3%
• Charles SchwabSCHW0.3%
• Kensington Cap AcquisitionKCA/U(unit)0.3%
• OrganonOGN0.3%
• SUMA AcquisitionSUMA0.3%
• Apogee Acquisition2659054D0.3%
• Carriage ServicesCSV0.3%
• Drugs Made In America AcquisitionDMAA0.3%
• EquinixEQIX0.3%
• GSR IV AcquisitionGSRF0.3%
• Breeze Acquisition Corp. IIBREZ0.3%
• Union PacificUNP0.3%
• Cantor Equity Partners VIICAES0.3%
• TXNM EnergyTXNM0.3%
• Wilco 63WLCOU(unit)0.3%
• Proem Acquisition Corp IPAAC0.3%
• Hennessy Capital Investment Corp. ViiiHCIC0.3%
• KeyCorpKEY0.3%
• Vaneck ETF TrustGDX0.3%
• Berto AcquisitionTACO0.3%
• DanaherDHR0.3%
• Collective Acquisition Corp. IICAII0.3%
• Regal RexnordRRX0.3%
• M3-brigade Acquisition VIMBVI0.3%
• POOLPOOL0.3%
• US Bancorp \de\USB0.3%
• Gores Holdings XGTEN0.3%
• Jackson Acquisition Company IIJACS0.3%
• Booking HoldingsBKNG0.3%
• Keystone AcquisitionKEYY0.3%
• Bain Capital GSS InvestmentBCSS0.2%
• EQV Ventures Acquisition Corp. IIEVAC0.2%