DAVIDSON KEMPNER CAPITAL MANAGEMENT LP Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$6.3T
Holdings
211
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (211 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR TR UNIT | 1,567,017 | $1.1T | 16.96% | Put |
| 2 | NDQINVESCO QQQ TR UNIT SER 1 | 660,000 | $404.0B | 6.42% | Put |
| 3 | IWMISHARES TR RUSSELL 2000 ETF | 1,000,000 | $246.0B | 3.91% | Put |
| 4 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 110,000,000 | $170.0B | 2.70% | |
| 5 | RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC | 103,500,000 | $129.0B | 2.05% | |
| 6 | DAYDAYFORCE INC COM | 1,814,721 | $125.0B | 1.99% | |
| 7 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 90,000,000 | $116.0B | 1.84% | |
| 8 | CFLT 0 01/15/27CONFLUENT INC | 115,000,000 | $111.0B | 1.76% | |
| 9 | ARKOARKO CORP COM | 23,139,671 | $105.0B | 1.67% | |
| 10 | RDFN 0.5 04/01/27REDFIN CORP | 100,000,000 | $94.0B | 1.49% | |
| 11 | F 0 03/15/26FORD MTR CO | 87,500,000 | $90.0B | 1.43% | |
| 12 | SATSECHOSTAR CORP CL A | 723,678 | $78.0B | 1.24% | |
| 13 | LI 0.25 05/01/28LI AUTO INC | 75,000,000 | $75.0B | 1.19% | |
| 14 | SNOW 0 10/01/27SNOWFLAKE INC | 50,000,000 | $74.0B | 1.18% | |
| 15 | TCOM 0.75 06/15/29TRIP COM GROUP LTD | 60,000,000 | $73.0B | 1.16% | |
| 16 | BBARRICK MNG CORP COM SHS | 1,659,141 | $72.0B | 1.14% | |
| 17 | MSFTMICROSOFT CORP COM | 145,584 | $70.0B | 1.11% | |
| 18 | NVTSNAVITAS SEMICONDUCTOR CORP COM | 9,629,629 | $68.0B | 1.08% | |
| 19 | ETSY 1 06/15/30ETSY INC | 67,500,000 | $68.0B | 1.08% | |
| 20 | JD 0.25 06/01/29JD.COM INC | 65,000,000 | $64.0B | 1.02% | |
| 21 | CSXCSX CORP COM | 1,755,078 | $63.0B | 1.00% | |
| 22 | TCOM 1.5 07/01/27 MTNHUAZHU GROUP LTD | 47,500,000 | $63.0B | 1.00% | |
| 23 | ETSY 0.25 06/15/28ETSY INC | 70,000,000 | $62.0B | 0.98% | |
| 24 | CHRWC H ROBINSON WORLDWIDE INC COM NEW | 390,000 | $62.0B | 0.98% | |
| 25 | BABOEING CO COM | 280,000 | $60.0B | 0.95% | |
| 26 | HTHT 3 05/01/26H WORLD GROUP LTD | 45,000,000 | $57.0B | 0.91% | |
| 27 | ALRM 2.25 06/01/29ALARM COM HLDGS INC | 60,000,000 | $57.0B | 0.91% | |
| 28 | TDSTELEPHONE & DATA SYS INC COM NEW | 1,411,700 | $57.0B | 0.91% | |
| 29 | CVNACARVANA CO CL A | 131,750 | $55.0B | 0.87% | |
| 30 | TMUST-MOBILE US INC COM | 262,178 | $53.0B | 0.84% | |
| 31 | METAMETA PLATFORMS INC CL A | 81,145 | $53.0B | 0.84% | |
| 32 | NVDANVIDIA CORPORATION COM | 288,200 | $53.0B | 0.84% | |
| 33 | WB 1.375 12/01/30WEIBO CORP | 43,500,000 | $50.0B | 0.79% | |
| 34 | RPD 0.25 03/15/27RAPID7 INC | 52,500,000 | $49.0B | 0.78% | |
| 35 | MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC | 50,000,000 | $49.0B | 0.78% | |
| 36 | VMCVULCAN MATLS CO COM | 175,000 | $49.0B | 0.78% | |
| 37 | K6BKBR INC COM | 1,144,884 | $46.0B | 0.73% | |
| 38 | TDYTELEDYNE TECHNOLOGIES INC COM | 87,500 | $44.0B | 0.70% | |
| 39 | TAT&T INC COM | 1,794,934 | $44.0B | 0.70% | |
| 40 | NIO 4.625 10/15/30NIO INC | 50,000,000 | $44.0B | 0.70% | |
| 41 | AXTIAXT INC COM | 2,734,693 | $44.0B | 0.70% | |
| 42 | FYBRFRONTIER COMMUNICATIONS PARE COM | 1,116,098 | $42.0B | 0.67% | |
| 43 | ZZILLOW GROUP INC CL C CAP STK | 601,600 | $41.0B | 0.65% | |
| 44 | NVRIENVIRI CORP COM | 2,258,800 | $40.0B | 0.64% | |
| 45 | SNAP 0.125 03/01/28SNAP INC | 45,000,000 | $40.0B | 0.64% | |
| 46 | DDOG 0 12/01/29DATADOG INC | 40,000,000 | $39.0B | 0.62% | |
| 47 | BURL 1.25 12/15/27BURLINGTON STORES INC | 25,000,000 | $37.0B | 0.59% | |
| 48 | SGRYSURGERY PARTNERS INC COM | 2,371,464 | $36.0B | 0.57% | |
| 49 | BILL 0 04/01/30BILL HOLDINGS INC | 40,000,000 | $36.0B | 0.57% | |
| 50 | EXAS 0.375 03/01/28EXACT SCIENCES CORP | 35,000,000 | $35.0B | 0.56% | |
| 51 | AOMRANGEL OAK MORTGAGE REIT INC COM | 4,134,210 | $35.0B | 0.56% | |
| 52 | BKNGBOOKING HOLDINGS INC COM | 6,662 | $35.0B | 0.56% | |
| 53 | CDTXCIDARA THERAPEUTICS INC COM NEW | 155,631 | $34.0B | 0.54% | |
| 54 | LIILENNOX INTL INC COM | 70,000 | $33.0B | 0.52% | |
| 55 | BLCOBAUSCH PLUS LOMB CORP COMMON SHARES | 1,939,711 | $33.0B | 0.52% | |
| 56 | COHRCOHERENT CORP COM | 175,000 | $32.0B | 0.51% | |
| 57 | CEGCONSTELLATION ENERGY CORP COM | 89,205 | $31.0B | 0.49% | |
| 58 | DISDISNEY WALT CO COM | 250,000 | $28.0B | 0.44% | |
| 59 | MAMASTERCARD INCORPORATED CL A | 50,000 | $28.0B | 0.44% | |
| 60 | LINLINDE PLC SHS | 65,000 | $27.0B | 0.43% | |
| 61 | ALCALCON AG ORD SHS | 347,883 | $27.0B | 0.43% | |
| 62 | SYNA 0.75 12/01/31SYNAPTICS INC | 25,000,000 | $26.0B | 0.41% | |
| 63 | ASMLASML HOLDING N V N Y REGISTRY SHS | 25,000 | $26.0B | 0.41% | |
| 64 | SPOT 0 03/15/26SPOTIFY USA INC | 23,500,000 | $26.0B | 0.41% | |
| 65 | ANETARISTA NETWORKS INC COM SHS | 200,000 | $26.0B | 0.41% | |
| 66 | AMEAMETEK INC COM | 125,000 | $25.0B | 0.40% | |
| 67 | BABAALIBABA GROUP HOLDING | 25,000,000 | $25.0B | 0.40% | |
| 68 | AVGOBROADCOM INC COM | 75,000 | $25.0B | 0.40% | |
| 69 | GES 3.75 04/15/28GUESS INC NOTE | 25,000,000 | $24.0B | 0.38% | |
| 70 | BWXTBWX TECHNOLOGIES INC COM | 134,947 | $23.0B | 0.37% | |
| 71 | USFDUS FOODS HLDG CORP COM | 316,262 | $23.0B | 0.37% | |
| 72 | SNPSSYNOPSYS INC COM | 50,000 | $23.0B | 0.37% | |
| 73 | AMZNAMAZON COM INC COM | 100,000 | $23.0B | 0.37% | |
| 74 | DASHDOORDASH INC CL A | 100,000 | $22.0B | 0.35% | |
| 75 | SUNCSUNOCOCORP LLC COM SHS LLC | 451,767 | $22.0B | 0.35% | |
| 76 | RBLXROBLOX CORP CL A | 269,445 | $21.0B | 0.33% | |
| 77 | MIRMIRION TECHNOLOGIES INC COM CL A | 928,513 | $21.0B | 0.33% | |
| 78 | WGO 3.25 01/15/30WINNEBAGO INDS INC | 23,000,000 | $21.0B | 0.33% | |
| 79 | CLSK 0 02/15/32CLEANSPARK INC | 28,000,000 | $20.0B | 0.32% | |
| 80 | NBR 1.75 06/15/29NABORS INDS INC | 25,000,000 | $20.0B | 0.32% | |
| 81 | TELTE CONNECTIVITY PLC ORD SHS | 90,000 | $20.0B | 0.32% | |
| 82 | CLSK 0 06/15/30CLEANSPARK INC | 20,000,000 | $20.0B | 0.32% | |
| 83 | STXSEAGATE TECHNOLOGY HLDNGS PL ORD SHS | 75,000 | $20.0B | 0.32% | |
| 84 | UNPUNION PAC CORP COM | 90,000 | $20.0B | 0.32% | |
| 85 | TET1 ENERGY INC COM NEW | 2,929,213 | $19.0B | 0.30% | |
| 86 | FUNSIX FLAGS ENTERTAINMENT CORP COM | 1,177,943 | $18.0B | 0.29% | |
| 87 | BSY 0.375 07/01/27BENTLEY SYS INC | 20,000,000 | $18.0B | 0.29% | |
| 88 | IMCR 2.5 02/01/30IMMUNOCORE HLDGS PLC | 20,000,000 | $18.0B | 0.29% | |
| 89 | LRCXLAM RESEARCH CORP COM NEW | 100,000 | $17.0B | 0.27% | |
| 90 | NVTNVENT ELECTRIC PLC SHS | 175,000 | $17.0B | 0.27% | |
| 91 | TMDXTRANSMEDICS GROUP INC COM | 146,400 | $17.0B | 0.27% | |
| 92 | UBERUBER TECHNOLOGIES INC COM | 200,000 | $16.0B | 0.25% | |
| 93 | SNOWSNOWFLAKE INC COM SHS | 75,000 | $16.0B | 0.25% | |
| 94 | WWAYFAIR INC CL A | 150,000 | $15.0B | 0.24% | |
| 95 | CNMCORE & MAIN INC CL A | 300,000 | $15.0B | 0.24% | |
| 96 | GTESGATES INDL CORP PLC ORD SHS | 700,000 | $15.0B | 0.24% | |
| 97 | MLB1MERCADOLIBRE INC COM | 7,500 | $15.0B | 0.24% | |
| 98 | MDLNMEDLINE INC COM CL A | 347,500 | $14.0B | 0.22% | |
| 99 | RRRICHTECH ROBOTICS INC CL B | 4,500,000 | $14.0B | 0.22% | Call |
| 100 | ADSKAUTODESK INC COM | 50,000 | $14.0B | 0.22% |
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