Polar Asset Management Partners Inc.
CIK 1326389 · Holdings on Dec 31, 2025 · First reported Feb 17, 2026
Top ten holdings
Q4 2025- 45867GAD35.07%
- 538034BA64.03%
- PHYS3.97%
- AMZN3.20%
- 387328AD92.77%
- NVDA2.52%
- EVRG2.42%
- PLTR1.97%
- DAY1.71%
- CYBR1.66%
Share classes counted separately29.32%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- PHYSWeight decreased · -1.76 pp5.73% → 3.97%Shares -3.49M (-36.57%)
- EVRGWeight increased · +1.53 pp0.89% → 2.42%Shares +65.00M (+185.71%)
- TSLAWeight increased · +1.07 pp0.36% → 1.43%Shares +119.71K (+297.09%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 25
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | 45867GAD3INTERDIGITAL INCNOTE 3.500% 6/0 View history and evidence | $255.47M | 5.07% | 61.77M principal (USD) | 5.58% → 5.07%-0.51 pp +275.00K (+0.45%) | Added | ↗▾ |
| 02 | 538034BA6LIVE NATION ENTERTAINMENNOTE 3.125% 1/1 View history and evidence | $203.40M | 4.03% | 140.00M principal (USD) | 4.60% → 4.03%-0.57 pp 0 (0.00%) | Unchanged | ↗▾ |
| 03 | PHYSSPROTT PHYSICAL GOLD TRUSTPHYSICAL GOLD TR View history and evidence | $200.06M | 3.97% | 6.06M shares | 5.73% → 3.97%-1.76 pp -3.49M (-36.57%) | Reduced | ↗▾ |
| 04 | AMZNAMAZON.COM INC View history and evidence | $161.41M | 3.20% | 699.30K shares | Prior unavailable +699.30K | New | ↗▾ |
| 05 | 387328AD9GRANITE CONSTRUCTION INCNOTE 3.750% 5/1 View history and evidence | $139.84M | 2.77% | 55.00M principal (USD) | 2.69% → 2.77%+0.08 pp 0 (0.00%) | Unchanged | ↗▾ |
| 06 | NVDANVIDIA CORP View history and evidence | $126.99M | 2.52% | 680.93K shares | 1.84% → 2.52%+0.68 pp +194.95K (+40.11%) | Added | ↗▾ |
| 07 | EVRGEVERGY INCNOTE 4.500%12/1 View history and evidence | $121.75M | 2.42% | 100.00M principal (USD) | 0.89% → 2.42%+1.53 pp +65.00M (+185.71%) | Added | ↗▾ |
| 08 | PLTRPALANTIR TECHNOLOGIES INC-ACL A View history and evidence | $99.54M | 1.97% | 560.00K shares | Prior unavailable +560.00K | New | ↗▾ |
| 09 | DAYDAYFORCE INC View history and evidence | $86.04M | 1.71% | 1.24M shares | Prior unavailable +1.24M | New | ↗▾ |
| 10 | CYBRCYBERARK SOFTWARE LTD/ISRAELSHS View history and evidence | $83.58M | 1.66% | 187.37K shares | 1.23% → 1.66%+0.43 pp +61.40K (+48.74%) | Added | ↗▾ |
Options overlay 48
$2.84B notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
SPYSS SPDR S&P 500 ETF TRUST-USTR UNIT View history and evidence | Call | 1.35M | $920.59M | -87.50K (-6.09%) | ▾ |
SPYSS SPDR S&P 500 ETF TRUST-USTR UNIT View history and evidence | Put | 445.00K | $303.45M | -317.20K (-41.62%) | ▾ |
QQQINVESCO QQQ TRUST SERIES 1UNIT SER 1 View history and evidence | Put | 357.90K | $219.86M | -2.05M (-85.15%) | ▾ |
3 / 48 options · preview only
Exited positions 252
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| VRNA VERONA PHARMA PLC - ADR | Non-derivative | -970,000 | -$103.51M | SEC filing ↗ | SEC filing ↗ |
| 81180WBL4 SEAGATE HDD CAYMAN | Non-derivative | -25,000,000 | -$72.02M | SEC filing ↗ | SEC filing ↗ |
| HD HOME DEPOT INC | Put | -160,000 | -$64.83M | SEC filing ↗ | SEC filing ↗ |
3 / 252 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1326389 · Period 2025-12-31
Data loaded 2026-09-23 · First reported 2026-02-17
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 7882894373
}Research all 676 reported holdings.
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