683 Capital Management, LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$2.3T

Holdings

225

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (225 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	PLTRPALANTIR TECHNOLOGIES INC	2,328,700	$413.9B	18.01%	Put
2	LLYELI LILLY & CO	154,000	$165.5B	7.20%	Put
3	COFCAPITAL ONE FINL CORP	410,000	$99.4B	4.32%	Put
4	TSLATESLA INC	210,000	$94.4B	4.11%	Put
5	NVDANVIDIA CORPORATION	456,000	$85.0B	3.70%	Put
6	WVEWAVE LIFE SCIENCES LTD	4,015,000	$68.3B	2.97%
7	CVNACARVANA CO	150,000	$63.3B	2.75%
8	MDGLMADRIGAL PHARMACEUTICALS INC	99,000	$57.7B	2.51%	Put
9	ALNYALNYLAM PHARMACEUTICALS INC	144,882	$57.6B	2.51%	Put
10	PRAXPRAXIS PRECISION MEDICINES I	169,800	$50.0B	2.18%	Put
11	BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC	21,750,000	$41.1B	1.79%
12	PTGXPROTAGONIST THERAPEUTICS INC	430,969	$37.6B	1.64%	Call
13	GXOGXO LOGISTICS INCORPORATED	685,000	$36.1B	1.57%
14	HGVHILTON GRAND VACATIONS INC	745,000	$33.3B	1.45%
15	ANABANAPTYSBIO INC	648,093	$31.4B	1.37%
16	UWMCUWM HOLDINGS CORPORATION	7,050,518	$30.9B	1.34%
17	PHATPHATHOM PHARMACEUTICALS INC	1,785,000	$29.6B	1.29%
18	QUREUNIQURE NV	1,135,050	$27.2B	1.18%	Call
19	WDCWESTERN DIGITAL CORP	143,300	$24.7B	1.07%
20	IONQIONQ INC	544,200	$24.4B	1.06%	Put
21	AMTMAMENTUM HOLDINGS INC	835,000	$24.2B	1.05%
22	MOHMOLINA HEALTHCARE INC	135,000	$23.4B	1.02%
23	KSPIKASPI KZ JSC	265,000	$20.7B	0.90%
24	MGTXMEIRAGTX HLDGS PLC	2,559,082	$20.3B	0.89%
25	AMLXAMYLYX PHARMACEUTICALS INC	1,650,000	$19.9B	0.87%
26	NVONOVO-NORDISK A S	374,200	$19.0B	0.83%	Put
27	BDXBECTON DICKINSON & CO	90,000	$17.5B	0.76%
28	SRPTSAREPTA THERAPEUTICS INC	810,000	$17.4B	0.76%
29	BBARRICK MNG CORP	400,000	$17.4B	0.76%
30	GOSSGOSSAMER BIO INC	5,490,900	$17.0B	0.74%	Call
31	MIGASTRATEGY INC	111,700	$17.0B	0.74%	Put
32	HRMYHARMONY BIOSCIENCES HLDGS IN	415,000	$15.5B	0.68%
33	COINCOINBASE GLOBAL INC	68,200	$15.4B	0.67%	Put
34	KNOPKNOT OFFSHORE PARTNERS LP	1,460,000	$15.1B	0.66%
35	UNHUNITEDHEALTH GROUP INC	45,000	$14.9B	0.65%
36	IMGIAMGOLD CORP	900,000	$14.8B	0.65%
37	ELVELEVANCE HEALTH INC FORMERLY	42,000	$14.7B	0.64%
38	ARISARIS MNG CORP	900,000	$14.6B	0.64%
39	GUTSFRACTYL HEALTH INC	6,047,620	$13.3B	0.58%
40	OGM1COGENT COMMUNICATIONS HLDGS	600,000	$12.9B	0.56%
41	LENLENNAR CORP	115,500	$11.9B	0.52%	Put
42	SUNCSUNOCOCORP LLC	235,000	$11.6B	0.50%
43	AM6AMICUS THERAPEUTICS INC	800,000	$11.4B	0.50%
44	GOOGLALPHABET INC	36,000	$11.3B	0.49%
45	MEDPMEDPACE HLDGS INC	20,000	$11.2B	0.49%	Put
46	VKTXVIKING THERAPEUTICS INC	318,500	$11.2B	0.49%	Call
47	LXEOLEXEO THERAPEUTICS INC	1,120,000	$11.1B	0.48%
48	HIMSHIMS & HERS HEALTH INC	340,000	$11.0B	0.48%	Put
49	LENLENNAR CORP	115,000	$10.9B	0.48%
50	TGTXTG THERAPEUTICS INC	360,000	$10.7B	0.47%
51	INSEINSPIRED ENTMT INC	1,061,044	$9.9B	0.43%
52	VTYXVENTYX BIOSCIENCES INC	1,040,000	$9.4B	0.41%
53	WEAWESTERN ALLIANCE BANCORP	100,000	$8.4B	0.37%
54	—PERCEPTIVE CAP SOLUTIONS COR	640,894	$8.3B	0.36%
55	APLSAPELLIS PHARMACEUTICALS INC	330,000	$8.3B	0.36%
56	MSTR 0 12/01/29STRATEGY INC	10,000,000	$8.2B	0.36%
57	ZVRAZEVRA THERAPEUTICS INC	905,000	$8.1B	0.35%
58	ALDXALDEYRA THERAPEUTICS INC	1,530,000	$7.9B	0.34%
59	SOLSSOLSTICE ADVANCED MATLS INC	163,146	$7.9B	0.34%
60	GPKGRAPHIC PACKAGING HLDG CO	517,678	$7.8B	0.34%
61	ARKGARK ETF TR	250,000	$7.2B	0.32%	Put
62	IVVDINVIVYD INC	2,900,000	$7.2B	0.31%
63	GSATGLOBALSTAR INC	117,000	$7.1B	0.31%
64	SDRLSEADRILL LTD	200,000	$6.9B	0.30%
65	VTOLBRISTOW GROUP INC	186,000	$6.8B	0.30%
66	XHRXENIA HOTELS & RESORTS INC	453,000	$6.4B	0.28%
67	MREOMEREO BIOPHARMA GROUP PLC	15,025,000	$6.3B	0.27%
68	AMZNAMAZON COM INC	26,500	$6.1B	0.27%
69	PAXPATRIA INVESTMENTS LIMITED	365,000	$5.8B	0.25%
70	CDLX 4.25 04/01/29CARDLYTICS INC	15,000,000	$5.8B	0.25%
71	CZRCAESARS ENTERTAINMENT INC NE	244,000	$5.7B	0.25%
72	SNDKSANDISK CORP	24,000	$5.7B	0.25%
73	PURRHYPERLIQUID STRATEGIES INC	1,590,000	$5.7B	0.25%
74	CA8ACACI INTL INC	10,500	$5.6B	0.24%
75	CD8CRESUD S A C I F Y A	423,552	$5.3B	0.23%
76	ALECALECTOR INC	3,350,000	$5.2B	0.23%
77	LULULULULEMON ATHLETICA INC	25,000	$5.2B	0.23%	Put
78	MSTR 0.875 03/15/31STRATEGY INC	5,000,000	$5.1B	0.22%
79	RAREULTRAGENYX PHARMACEUTICAL IN	222,395	$5.1B	0.22%
80	STTKSHATTUCK LABS INC	1,390,000	$5.1B	0.22%
81	RNAAVIDITY BIOSCIENCES INC	70,000	$5.0B	0.22%
82	MBXMBX BIOSCIENCES INC	158,800	$5.0B	0.22%	Put
83	SAICSCIENCE APPLICATIONS INTL CO	49,000	$4.9B	0.21%
84	ENVAENOVA INTL INC	30,000	$4.7B	0.21%
85	RXORXO INC	357,953	$4.5B	0.20%
86	DDIDOUBLEDOWN INTERACTIVE CO LT	500,000	$4.3B	0.19%
87	STGWSTAGWELL INC	830,000	$4.1B	0.18%
88	ABEOABEONA THERAPEUTICS INC	770,000	$4.1B	0.18%
89	MLTXMOONLAKE IMMUNOTHERAPEUTICS	296,900	$3.9B	0.17%	Put
90	BLDRBUILDERS FIRSTSOURCE INC	36,000	$3.7B	0.16%
91	PANLPANGAEA LOGISTICS SOLUTION L	495,000	$3.4B	0.15%
92	IFRXINFLARX NV	3,315,000	$3.3B	0.15%
93	NVGSNAVIGATOR HLDGS LTD	186,000	$3.2B	0.14%
94	BNEDBARNES & NOBLE ED INC	350,000	$3.2B	0.14%
95	HHHHOWARD HUGHES HOLDINGS INC	38,000	$3.0B	0.13%
96	IRSIRSA INVERSIONES Y REP S A	155,000	$2.6B	0.11%
97	—LAFAYETTE ACQUISITION CORP	250,000	$2.5B	0.11%
98	TMDXTRANSMEDICS GROUP INC	20,000	$2.4B	0.11%	Put
99	HDSNHUDSON TECHNOLOGIES INC	335,000	$2.3B	0.10%
100	MBCMASTERBRAND INC	200,000	$2.2B	0.10%

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