ADAPT Investment Managers SA Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$13.6B

Holdings

66

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (66 positions)

#StockSharesValue% PortfolioType
1
NVDANVIDIA CORPORATION
9,893,432$1.8T13580.70%Put
2
HYGISHARES TR
16,000,000$1.3T9495.40%Put
3
TSLATESLA INC
2,408,530$1.1T7972.43%Put
4
AAPLAPPLE INC
3,305,400$898.6B6614.02%Put
5
AMDADVANCED MICRO DEVICES INC
3,675,000$787.0B5792.85%Put
6
FXIISHARES TR
15,463,524$592.1B4358.03%Put
7
XLKSELECT SECTOR SPDR TR
4,000,000$575.9B4238.66%Put
8
AVGOBROADCOM INC
1,352,652$468.2B3445.74%Put
9
MUMICRON TECHNOLOGY INC
1,500,000$428.1B3151.06%Put
10
METAMETA PLATFORMS INC
574,460$379.2B2790.98%Put
11
AMZNAMAZON COM INC
1,517,550$350.3B2578.17%Put
12
MSFTMICROSOFT CORP
629,825$304.6B2241.92%Put
13
PLTRPALANTIR TECHNOLOGIES INC
1,710,800$304.1B2238.23%Put
14
MRVLMARVELL TECHNOLOGY INC
3,097,955$263.3B1937.71%Put
15
ORCLORACLE CORP
1,244,900$242.6B1785.93%Put
16
DELLDELL TECHNOLOGIES INC
1,850,000$232.9B1714.06%Put
17
COINCOINBASE GLOBAL INC
839,840$189.9B1397.87%Put
18
XOMEXXON MOBIL CORP
1,500,600$180.6B1329.14%Put
19
TXNTEXAS INSTRS INC
1,025,300$177.9B1309.25%Put
20
EEMISHARES TR
3,000,000$164.1B1208.05%Call
21
TFCTRUIST FINL CORP
2,500,000$123.0B905.50%Put
22
BACBANK AMERICA CORP
2,100,000$115.5B850.12%Put
23
AMGNAMGEN INC
350,000$114.6B843.18%Put
24
ZSZSCALER INC
462,413$104.0B765.51%Put
25
LVLNSPDR SERIES TRUST
1,500,000$97.2B715.53%Put
26
FCXFREEPORT-MCMORAN INC
1,900,000$96.5B710.28%Put
27
ADSKAUTODESK INC
305,648$90.5B665.92%Put
28
LVSLAS VEGAS SANDS CORP
1,365,400$88.9B654.13%Put
29
IBMINTERNATIONAL BUSINESS MACHS
300,000$88.9B654.06%Put
30
ISRGINTUITIVE SURGICAL INC
150,000$85.0B625.29%Put
31
OKTAOKTA INC
923,789$79.9B587.93%Put
32
GOOGALPHABET INC
250,000$78.5B577.42%Put
33
ROKUROKU INC
700,000$75.9B558.96%Put
34
INTCINTEL CORP
2,000,200$73.8B543.24%Put
35
TRVCCITIGROUP INC
600,000$70.0B515.32%Put
36
BACVERIZON COMMUNICATIONS INC
1,686,555$68.7B505.60%Put
37
INTUINTUIT
103,023$68.2B502.29%Put
38
LLYELI LILLY & CO
62,500$67.2B494.37%Put
39
RBLXROBLOX CORP
800,000$64.8B477.13%Put
40
LRCXLAM RESEARCH CORP
375,000$64.2B472.47%Put
41
CCLCARNIVAL CORP
2,050,000$62.6B460.81%Put
42
DDOGDATADOG INC
460,121$62.6B460.54%Put
43
LOWLOWES COS INC
258,970$62.5B459.67%Put
44
HDHOME DEPOT INC
172,970$59.5B438.06%Put
45
ANETARISTA NETWORKS INC
425,000$55.7B409.87%Put
46
GQ9SPDR GOLD TR
139,900$55.4B408.08%
47
XYZBLOCK INC
847,114$55.1B405.83%Put
48
FDO.FMACYS INC
2,500,000$55.1B405.74%Put
49
RTXRTX CORPORATION
300,000$55.0B404.96%Put
50
QCOMQUALCOMM INC
300,000$51.3B377.69%Put
51
UPSUNITED PARCEL SERVICE INC
500,000$49.6B365.04%Put
52
DLTRDOLLAR TREE INC
400,000$49.2B362.16%Put
53
GMGENERAL MTRS CO
600,000$48.8B359.12%Put
54
ADIANALOG DEVICES INC
166,435$45.1B332.22%Put
55
LENLENNAR CORP
414,143$42.6B313.35%Put
56
NEENEXTERA ENERGY INC
501,801$40.3B296.50%Put
57
FFORD MTR CO
3,000,000$39.4B289.70%Put
58
SMHVANECK ETF TRUST
109,241$39.3B289.55%
59
PFEPFIZER INC
1,500,100$37.4B274.92%Put
60
NKENIKE INC
511,213$32.6B239.72%Put
61
USBUS BANCORP DEL
600,100$32.0B235.68%Put
62
AMATAPPLIED MATLS INC
110,177$28.3B208.40%Put
63
TTDTHE TRADE DESK INC
711,437$27.0B198.77%Put
64
MGMMGM RESORTS INTERNATIONAL
350,000$12.8B94.00%Put
65
RCLROYAL CARIBBEAN GROUP
40,000$11.2B82.11%Put
66
NFLXNETFLIX INC
33,000$3.1B22.77%