Laurion Capital Management portfolio

What changed this quarter

329 positions with a change (98 new, 43 added to, 43 trimmed, 145 sold); also, 4 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Str Spdr S&P 500 ETF T−15.2 ppof portfolioSold out
  15.2% → —
• Space Exploration Technologies+21,623%more sharesIncreased
  0.1% → 12.1%
• Electronic Arts−8.7 ppof portfolioSold out
  8.7% → —
• Digital Realty Trust−5.2 ppof portfolioSold out
  5.2% → —
• Alphabet+2.2 ppof portfolioNew
  — → 2.3%
• Qualcomm−1.8 ppof portfolioSold out
  1.8% → —
• ServiceNow+1.5 ppof portfolioNew
  — → 1.6%
• AppLovin+1.4 ppof portfolioNew
  — → 1.5%
• Broadcom+349%more sharesIncreased
  0.4% → 1.9%
• Amazon.com+1,362%more sharesIncreased
  0.1% → 1.4%
• Amgen+1.1 ppof portfolioNew
  — → 1.1%
• Medline−1.0 ppof portfolioSold out
  1.0% → —

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

• Space Exploration TechnologiesSPCX12.1%
• Warner Bros. DiscoveryWBD9.6%
• Norfolk SouthernNSC9.4%
• BridgeBio PharmaBBIO6.7%
• Mineralys TherapeuticsMLYS4.9%
• Nuvation BioNUVB3.4%
• AlphabetGOOGL2.3%
• MicrosoftMSFT1.9%
• BroadcomAVGO1.9%
• ServiceNowNOW1.6%
• AppLovinAPP1.5%
• Amazon.comAMZN1.4%
• InnioINIO1.3%
• CME GroupCME1.2%
• AmgenAMGN1.1%
• NetflixNFLX1.0%
• SoFi TechnologiesSOFI0.9%
• Pyxis OncologyPYXS0.9%
• AtlassianTEAM0.9%
• CoherentCOHR0.9%
• Automatic Data ProcessingADP0.9%
• CarvanaCVNA0.9%
• Credo Technology Group HoldingCRDO0.9%
• VisaV0.8%
• Marriott InternationalMAR0.8%
• D.R. HortonDHI0.7%
• Primo BrandsPRMB0.7%
• RobloxRBLX0.7%
• Robinhood MarketsHOOD0.7%
• Circle Internet GroupCRCL0.7%
• UBER TechnologiesUBER0.7%
• BridgeBio Oncology TherapeuticsBBOT0.6%
• Amer SportsAS0.6%
• MastercardMA0.6%
• TeslaTSLA0.6%
• GE AerospaceGE0.6%
• Kratos Defense & Security SolutionsKTOS0.6%
• ModernaMRNA0.5%
• MongodbMDB0.5%
• PepgenPEPG0.5%
• Autolus TherapeuticsAUTL0.5%
• PultegroupPHM0.5%
• Booking HoldingsBKNG0.5%
• Cigna GroupCI0.4%
• ImmunicIMUX0.4%
• Aardvark TherapeuticsAARD0.4%
• AppleAAPL0.4%
• FortinetFTNT0.4%
• Accelevation Holdings0.4%
• AdobeADBE0.4%
• RedditRDDT0.4%
• IRENIREN0.4%
• Western DigitalWDC0.4%
• LennarLEN0.4%
• MercadoLibreMELI0.4%
• Palo Alto NetworksPANW0.4%
• Regeneron PharmaceuticalsREGN0.4%
• Vertiv HoldingsVRT0.4%
• AutodeskADSK0.3%
• Gilead SciencesGILD0.3%
• SalesforceCRM0.3%
• MerckMRK0.3%
• KrogerKR0.3%
• DoorDashDASH0.3%
• SK hynixSKHY0.3%
• Cardiff OncologyCRDF0.3%
• EchoStarECHO0.3%
• Toll BrothersTOL0.3%
• Super Micro ComputerSMCI0.3%
• ShopifySHOP0.3%
• CitigroupC0.3%
• ARM HoldingsARM0.2%
• LindeLIN0.2%
• Analog DevicesADI0.2%
• lululemon athleticaLULU0.2%
• Ross StoresROST0.2%
• Constellation EnergyCEG0.2%
• Monster BeverageMNST0.2%
• KKRKKR0.2%
• Cisco SystemsCSCO0.2%
• WalmartWMT0.2%
• Mondelez InternationalMDLZ0.2%
• Bloom EnergyBE0.2%
• Rocket CompaniesRKT0.2%
• AXON EnterpriseAXON0.2%
• Meta PlatformsMETA0.2%
• OktaOKTA0.2%
• SharonAI HoldingsSHAZ0.2%
• PepsicoPEP0.2%
• Expedia GroupEXPE0.2%
• ZscalerZS0.2%
• Coca-ColaKO0.2%
• Seagate Technology HoldingsSTX0.2%
• Helix Acquisition Corp. IIIHLXC0.2%
• Goldman Sachs GroupGS0.2%
• Intuitive MachinesLUNR0.1%
• Cheniere EnergyLNG0.1%
• Costco WholesaleCOST0.1%
• Akamai TechnologiesAKAM0.1%
• AST SpacemobileASTS0.1%