Lombard Odier Asset Management (USA) Corp Q3 2025 Filing
Filed November 14, 2025
Portfolio Value
$1.5T
Holdings
376
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (376 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 480,283 | $320.0B | 21.47% | Put |
| 2 | AALAMERICAN AIRLS GROUP INC | 5,960,100 | $67.0B | 4.49% | Put |
| 3 | XOPSPDR SERIES TRUST | 420,000 | $55.5B | 3.72% | Put |
| 4 | CUCAAVIS BUDGET GROUP | 345,000 | $55.4B | 3.72% | Put |
| 5 | GDXVANECK ETF TRUST | 600,000 | $45.8B | 3.08% | Put |
| 6 | TLTISHARES TR | 447,000 | $39.9B | 2.68% | Put |
| 7 | RIVNRIVIAN AUTOMOTIVE INC | 2,533,625 | $37.2B | 2.50% | Put |
| 8 | PBFPBF ENERGY INC | 950,000 | $28.7B | 1.92% | Put |
| 9 | BMYBRISTOL-MYERS SQUIBB CO | 600,000 | $27.1B | 1.82% | Put |
| 10 | GILDGILEAD SCIENCES INC | 235,000 | $26.1B | 1.75% | Put |
| 11 | CMCSACOMCAST CORP NEW | 750,000 | $23.6B | 1.58% | Call |
| 12 | PFEPFIZER INC | 900,000 | $22.9B | 1.54% | Call |
| 13 | MSTR 0.875 03/15/31STRATEGY INC | 14,000,000 | $22.1B | 1.48% | |
| 14 | MRKMERCK & CO INC | 260,000 | $21.8B | 1.46% | Call |
| 15 | TRVCCITIGROUP INC | 200,000 | $20.3B | 1.36% | Put |
| 16 | UNHUNITEDHEALTH GROUP INC | 57,134 | $19.7B | 1.32% | Call |
| 17 | NDQINVESCO QQQ TR | 30,000 | $18.0B | 1.21% | Put |
| 18 | IWMISHARES TR | 70,967 | $17.2B | 1.15% | Put |
| 19 | RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC | 15,000,000 | $15.6B | 1.05% | |
| 20 | NCLH 1.125 02/15/27NCL CORP LTD | 14,500,000 | $14.9B | 1.00% | |
| 21 | KSSKOHLS CORP | 930,000 | $14.3B | 0.96% | Put |
| 22 | NEMNEWMONT CORP | 150,000 | $12.6B | 0.85% | Put |
| 23 | BACVERIZON COMMUNICATIONS INC | 264,000 | $11.6B | 0.78% | Put |
| 24 | SPGSIMON PPTY GROUP INC NEW | 60,000 | $11.3B | 0.76% | Call |
| 25 | BHCBAUSCH HEALTH COS INC | 1,716,000 | $11.1B | 0.74% | Put |
| 26 | KMIKINDER MORGAN INC DEL | 376,295 | $10.7B | 0.71% | Call |
| 27 | BACBANK AMERICA CORP | 200,000 | $10.3B | 0.69% | Put |
| 28 | FYBRFRONTIER COMMUNICATIONS PARE | 265,000 | $9.9B | 0.66% | Put |
| 29 | NCLHNORWEGIAN CRUISE LINE HLDG L | 400,000 | $9.9B | 0.66% | Call |
| 30 | FFORD MTR CO | 800,000 | $9.6B | 0.64% | Put |
| 31 | CAGCONAGRA BRANDS INC | 500,000 | $9.2B | 0.61% | Call |
| 32 | KOS 3.125 03/15/30KOSMOS ENERGY LTD | 14,000,000 | $9.0B | 0.61% | |
| 33 | CSCOCISCO SYS INC | 120,000 | $8.2B | 0.55% | Put |
| 34 | INTCINTEL CORP | 235,503 | $7.9B | 0.53% | Call |
| 35 | HTZHERTZ GLOBAL HLDGS INC | 1,155,000 | $7.9B | 0.53% | Put |
| 36 | FCXFREEPORT-MCMORAN INC | 191,000 | $7.5B | 0.50% | Call |
| 37 | SLNSILENCE THERAPEUTICS PLC | 1,844,948 | $7.1B | 0.48% | |
| 38 | RSGREPUBLIC SVCS INC | 30,441 | $7.0B | 0.47% | |
| 39 | CZRCAESARS ENTERTAINMENT INC NE | 221,584 | $6.0B | 0.40% | Call |
| 40 | ADMARCHER DANIELS MIDLAND CO | 100,000 | $6.0B | 0.40% | Call |
| 41 | FDO.FMACYS INC | 320,000 | $5.7B | 0.38% | Put |
| 42 | UNIT 7.5 12/01/27UNITI GROUP LLC | 5,255,000 | $5.7B | 0.38% | |
| 43 | DYHTARGET CORP | 60,000 | $5.4B | 0.36% | Call |
| 44 | FDXFEDEX CORP | 21,865 | $5.2B | 0.35% | Call |
| 45 | IBMINTERNATIONAL BUSINESS MACHS | 17,500 | $4.9B | 0.33% | Put |
| 46 | GOOGLALPHABET INC | 19,576 | $4.8B | 0.32% | |
| 47 | NVDANVIDIA CORPORATION | 25,254 | $4.7B | 0.32% | Put |
| 48 | RBCRBC BEARINGS INC | 12,037 | $4.7B | 0.32% | |
| 49 | T7DTRANSDIGM GROUP INC | 3,477 | $4.6B | 0.31% | |
| 50 | DALDELTA AIR LINES INC DEL | 80,059 | $4.5B | 0.30% | Call |
| 51 | DCHAMERICAN AXLE & MFG HLDGS IN | 715,000 | $4.3B | 0.29% | Put |
| 52 | APGAPI GROUP CORP | 124,972 | $4.3B | 0.29% | |
| 53 | HOUSANYWHERE REAL ESTATE INC | 400,000 | $4.2B | 0.28% | Call |
| 54 | CLFCLEVELAND-CLIFFS INC NEW | 345,000 | $4.2B | 0.28% | Put |
| 55 | LAURLAUREATE EDUCATION INC | 130,795 | $4.1B | 0.28% | |
| 56 | AGOASSURED GUARANTY LTD | 47,480 | $4.0B | 0.27% | |
| 57 | SLVISHARES SILVER TR | 90,000 | $3.8B | 0.26% | |
| 58 | BEBLOOM ENERGY CORP | 45,000 | $3.8B | 0.26% | Call |
| 59 | MURMURPHY OIL CORP | 133,500 | $3.8B | 0.25% | Put |
| 60 | BKRBAKER HUGHES COMPANY | 76,500 | $3.7B | 0.25% | |
| 61 | ABGCENCORA INC | 11,808 | $3.7B | 0.25% | |
| 62 | AMZNAMAZON COM INC | 16,742 | $3.7B | 0.25% | Call |
| 63 | RACEFERRARI N V | 7,488 | $3.6B | 0.24% | |
| 64 | SNDKSANDISK CORP | 31,334 | $3.5B | 0.24% | |
| 65 | ITRIITRON INC | 28,083 | $3.5B | 0.23% | |
| 66 | ORLYOREILLY AUTOMOTIVE INC | 32,307 | $3.5B | 0.23% | |
| 67 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 12,222 | $3.4B | 0.23% | |
| 68 | HLFHERBALIFE LTD | 402,500 | $3.4B | 0.23% | Call |
| 69 | UPSUNITED PARCEL SERVICE INC | 40,000 | $3.3B | 0.22% | Call |
| 70 | CHRWC H ROBINSON WORLDWIDE INC | 24,554 | $3.3B | 0.22% | |
| 71 | TMHCTAYLOR MORRISON HOME CORP | 49,161 | $3.2B | 0.22% | |
| 72 | BLDRBUILDERS FIRSTSOURCE INC | 26,278 | $3.2B | 0.21% | |
| 73 | QXOQXO INC | 161,837 | $3.1B | 0.21% | |
| 74 | LPXLOUISIANA PAC CORP | 34,290 | $3.0B | 0.20% | |
| 75 | MSIMOTOROLA SOLUTIONS INC | 6,582 | $3.0B | 0.20% | |
| 76 | GLWCORNING INC | 36,607 | $3.0B | 0.20% | |
| 77 | U6ZURANIUM ENERGY CORP | 222,050 | $3.0B | 0.20% | Put |
| 78 | HWMHOWMET AEROSPACE INC | 15,006 | $2.9B | 0.20% | |
| 79 | NEXNNEXXEN INTL LTD | 427,746 | $2.9B | 0.20% | |
| 80 | MCKMCKESSON CORP | 3,751 | $2.9B | 0.19% | |
| 81 | RTXRTX CORPORATION | 17,174 | $2.9B | 0.19% | |
| 82 | AERAERCAP HOLDINGS NV | 23,717 | $2.9B | 0.19% | |
| 83 | AZOAUTOZONE INC | 648 | $2.8B | 0.19% | |
| 84 | 1RGREV GROUP INC | 48,325 | $2.7B | 0.18% | |
| 85 | BSXBOSTON SCIENTIFIC CORP | 27,824 | $2.7B | 0.18% | |
| 86 | MSFTMICROSOFT CORP | 5,235 | $2.7B | 0.18% | |
| 87 | MRVLMARVELL TECHNOLOGY INC | 32,032 | $2.7B | 0.18% | |
| 88 | APTVAPTIV PLC | 29,900 | $2.6B | 0.17% | |
| 89 | MPTMEDICAL PPTYS TRUST INC | 500,000 | $2.5B | 0.17% | Put |
| 90 | NBRNABORS INDUSTRIES LTD | 62,000 | $2.5B | 0.17% | |
| 91 | HNMORMAT TECHNOLOGIES INC | 26,010 | $2.5B | 0.17% | |
| 92 | ACNACCENTURE PLC IRELAND | 10,000 | $2.5B | 0.17% | Put |
| 93 | LUVSOUTHWEST AIRLS CO | 74,854 | $2.4B | 0.16% | |
| 94 | AJGGALLAGHER ARTHUR J & CO | 7,688 | $2.4B | 0.16% | |
| 95 | TACTRANSALTA CORP | 171,000 | $2.3B | 0.16% | |
| 96 | QCOMQUALCOMM INC | 14,000 | $2.3B | 0.16% | Call |
| 97 | CLMTCALUMET INC | 127,500 | $2.3B | 0.16% | |
| 98 | PHMPULTE GROUP INC | 17,480 | $2.3B | 0.15% | |
| 99 | GMGENERAL MTRS CO | 37,385 | $2.3B | 0.15% | |
| 100 | BROBROWN & BROWN INC | 24,231 | $2.3B | 0.15% |
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