Lombard Odier Asset Management (USA) Corp Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$1.1B

Holdings

186

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (186 positions)

#StockSharesValue% PortfolioType
1
SPYSPDR S&P 500 ETF TR
137,891$94.0M8.74%Put
2
AALAMERICAN AIRLS GROUP INC
5,960,100$91.4M8.49%Put
3
AAPLAPPLE INC
202,272$55.0M5.11%Put
4
GDXVANECK ETF TRUST
617,500$53.0M4.92%Put
5
XOPSPDR SERIES TRUST
418,000$52.8M4.91%Put
6
RIVNRIVIAN AUTOMOTIVE INC
2,550,000$50.3M4.67%Put
7
CUCAAVIS BUDGET GROUP
345,000$44.3M4.12%Put
8
TLTISHARES TR
417,000$36.3M3.38%Put
9
BMYBRISTOL-MYERS SQUIBB CO
600,000$32.4M3.01%Put
10
GILDGILEAD SCIENCES INC
235,000$28.8M2.68%Put
11
TRVCCITIGROUP INC
240,000$28.0M2.60%Put
12
MRKMERCK & CO INC
260,000$27.4M2.54%Put
13
PBFPBF ENERGY INC
950,000$25.8M2.40%Put
14
RIVN 4.625 03/15/29RIVIAN AUTOMOTIVE INC
15,000,000$18.9M1.76%
15
UNHUNITEDHEALTH GROUP INC
54,275$17.9M1.67%Call
16
PFEPFIZER INC
660,000$16.4M1.53%Call
17
METMETLIFE INC
200,000$15.8M1.47%Put
18
NEMNEWMONT CORP
150,000$15.0M1.39%Put
1914,500,000$14.5M1.35%
2014,000,000$14.4M1.34%
21
SPGSIMON PPTY GROUP INC NEW
60,000$11.1M1.03%Call
22
BACBANK AMERICA CORP
200,000$11.0M1.02%Put
23
VODVODAFONE GROUP PLC NEW
800,000$10.6M0.98%Call
24
KMIKINDER MORGAN INC DEL
360,000$9.9M0.92%Call
25
CSCOCISCO SYS INC
120,000$9.2M0.86%Put
26
NCLHNORWEGIAN CRUISE LINE HLDG L
400,000$8.9M0.83%Call
27
CAGCONAGRA BRANDS INC
510,104$8.8M0.82%Call
28
FCXFREEPORT-MCMORAN INC
157,593$8.0M0.74%Call
29
FDXFEDEX CORP
24,873$7.2M0.67%Call
30
CZRCAESARS ENTERTAINMENT INC NE
284,300$6.6M0.62%Call
31
FFORD MTR CO
500,000$6.6M0.61%Put
32
COMPCOMPASS INC
572,000$6.0M0.56%Call
33
KOS 3.125 03/15/30KOSMOS ENERGY LTD
14,000,000$6.0M0.56%
34
SLVISHARES SILVER TR
93,200$6.0M0.56%Call
35
GOOGLALPHABET INC
18,823$5.9M0.55%
36
DYHTARGET CORP
60,000$5.9M0.55%Call
37
UNIT 7.5 12/01/27UNITI GROUP LLC
5,255,000$5.8M0.54%
38
HLFHERBALIFE LTD
402,500$5.2M0.48%Call
39
IBMINTERNATIONAL BUSINESS MACHS
17,500$5.2M0.48%Put
40
BACVERIZON COMMUNICATIONS INC
123,000$5.0M0.47%
41
BHCBAUSCH HEALTH COS INC
666,000$4.6M0.43%Put
42
DCHAMERICAN AXLE & MFG HLDGS IN
690,000$4.4M0.41%Put
43
CLFCLEVELAND-CLIFFS INC NEW
330,000$4.4M0.41%Put
44
UPSUNITED PARCEL SERVICE INC
40,000$4.0M0.37%Call
45
MURMURPHY OIL CORP
126,500$4.0M0.37%Put
46
KSSKOHLS CORP
180,000$3.7M0.34%Put
47
TLNTALEN ENERGY CORP
9,101$3.4M0.32%
48
NBRNABORS INDUSTRIES LTD
59,100$3.2M0.30%Put
49
AERAERCAP HOLDINGS NV
20,818$3.0M0.28%
50
MIGASTRATEGY INC
19,500$3.0M0.28%Call
51
GMGENERAL MTRS CO
35,092$2.9M0.27%
52
LUVSOUTHWEST AIRLS CO
68,329$2.8M0.26%
53
MUMICRON TECHNOLOGY INC
9,542$2.7M0.25%
54
RBCRBC BEARINGS INC
5,906$2.6M0.25%
55
XPOXPO INC
18,559$2.5M0.23%
56
PGRPROGRESSIVE CORP
11,050$2.5M0.23%
57
MPTMEDICAL PPTYS TRUST INC
500,000$2.5M0.23%Put
58
QCOMQUALCOMM INC
14,000$2.4M0.22%Call
59
EXEEXPAND ENERGY CORPORATION
21,509$2.4M0.22%
60
PRMPERIMETER SOLUTIONS INC
85,815$2.4M0.22%
61
WFRDWEATHERFORD INTL PLC
29,500$2.3M0.21%Put
62
APGAPI GROUP CORP
59,593$2.3M0.21%
63
OSISOSI SYSTEMS INC
8,777$2.2M0.21%
64
PCARPACCAR INC
20,433$2.2M0.21%
65
MCKMCKESSON CORP
2,584$2.1M0.20%
66
BSXBOSTON SCIENTIFIC CORP
22,108$2.1M0.20%
67
CHRWC H ROBINSON WORLDWIDE INC
12,891$2.1M0.19%
68
GTGOODYEAR TIRE & RUBR CO
236,000$2.1M0.19%Put
69
ABGCENCORA INC
6,112$2.1M0.19%
70
T7DTRANSDIGM GROUP INC
1,527$2.0M0.19%
71
CLMTCALUMET INC
100,095$2.0M0.18%
72
DOWDOW INC
85,000$2.0M0.18%Call
73
MSIMOTOROLA SOLUTIONS INC
5,163$2.0M0.18%
74
MSFTMICROSOFT CORP
4,092$2.0M0.18%
75
QXOQXO INC
101,717$2.0M0.18%
76
ORLYOREILLY AUTOMOTIVE INC
21,490$2.0M0.18%
77
AZOAUTOZONE INC
559$1.9M0.18%
78
SLBSLB LIMITED
47,000$1.8M0.17%
79
SNDKSANDISK CORP
7,538$1.8M0.17%
80
SILJAMPLIFY ETF TR
64,288$1.8M0.17%
81
AJGGALLAGHER ARTHUR J & CO
6,862$1.8M0.17%
82
CNRCANADIAN NATL RY CO
17,847$1.8M0.16%
83
BROBROWN & BROWN INC
22,001$1.8M0.16%
84
DARDARLING INGREDIENTS INC
47,232$1.7M0.16%
85
GQ9SPDR GOLD TR
4,234$1.7M0.16%
86
FSLRFIRST SOLAR INC
6,391$1.7M0.16%
87
ODFLOLD DOMINION FREIGHT LINE IN
9,781$1.5M0.14%
88
TRITHOMSON REUTERS CORP
10,897$1.4M0.13%
89
DECKDECKERS OUTDOOR CORP
13,750$1.4M0.13%
90
BKRBAKER HUGHES COMPANY
31,001$1.4M0.13%
91
MHKMOHAWK INDS INC
12,700$1.4M0.13%
92
CCKCROWN HLDGS INC
13,188$1.4M0.13%
93
GFFGRIFFON CORP
18,311$1.3M0.13%
94
PHMPULTE GROUP INC
11,488$1.3M0.13%
95
RSGREPUBLIC SVCS INC
6,312$1.3M0.12%
96
WTTRSELECT WATER SOLUTIONS INC
127,142$1.3M0.12%
97
IWMISHARES TR
5,285$1.3M0.12%
98
CATCATERPILLAR INC
2,250$1.3M0.12%
99
KEXKIRBY CORP
11,486$1.3M0.12%
100
SHWSHERWIN WILLIAMS CO
3,879$1.3M0.12%
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