Marathon Trading Investment Management LLC Q3 2025 Filing
Filed November 13, 2025
Portfolio Value
$1.5T
Holdings
307
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (307 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SLVISHARES SILVER TR | 5,261,100 | $222.9B | 15.34% | Call |
| 2 | SLVISHARES SILVER TR | 4,740,000 | $200.8B | 13.82% | Put |
| 3 | TSLATESLA INC | 251,500 | $111.8B | 7.70% | Call |
| 4 | WOLFWOLFSPEED INC | 3,123,400 | $89.3B | 6.15% | Call |
| 5 | GLDSPDR GOLD TR | 190,000 | $67.5B | 4.65% | Call |
| 6 | TSLATESLA INC | 119,000 | $52.9B | 3.64% | Put |
| 7 | GQ9SPDR GOLD TR | 100,549 | $35.7B | 2.46% | |
| 8 | —KRANESHARES TRUST | 651,500 | $27.4B | 1.88% | Call |
| 9 | AMZNAMAZON COM INC | 111,200 | $24.4B | 1.68% | Put |
| 10 | JDJD.COM INC | 680,400 | $23.8B | 1.64% | Put |
| 11 | AMZNAMAZON COM INC | 99,200 | $21.8B | 1.50% | |
| 12 | GLDSPDR GOLD TR | 60,000 | $21.3B | 1.47% | Put |
| 13 | BACBANK AMERICA CORP | 360,000 | $18.6B | 1.28% | Put |
| 14 | PDDPDD HOLDINGS INC | 137,500 | $18.2B | 1.25% | Put |
| 15 | NVDANVIDIA CORPORATION | 95,700 | $17.9B | 1.23% | Put |
| 16 | BACBANK AMERICA CORP | 330,013 | $17.0B | 1.17% | |
| 17 | JDJD.COM INC | 449,764 | $15.7B | 1.08% | |
| 18 | WOLFWOLFSPEED INC | 507,700 | $14.5B | 1.00% | Put |
| 19 | —ALIBABA GROUP HLDG LTD | 76,500 | $13.7B | 0.94% | Call |
| 20 | PLTRPALANTIR TECHNOLOGIES INC | 73,800 | $13.5B | 0.93% | Put |
| 21 | RDDTREDDIT INC | 56,800 | $13.1B | 0.90% | Put |
| 22 | IBITISHARES BITCOIN TRUST ETF | 191,700 | $12.5B | 0.86% | Call |
| 23 | —ALIBABA GROUP HLDG LTD | 68,400 | $12.2B | 0.84% | Put |
| 24 | MSTRSTRATEGY INC | 33,100 | $10.7B | 0.73% | Call |
| 25 | —JD.COM INC | 266,600 | $9.3B | 0.64% | Call |
| 26 | MSFTMICROSOFT CORP | 17,700 | $9.2B | 0.63% | Call |
| 27 | —SIRIUSXM HOLDINGS INC | 391,200 | $9.1B | 0.63% | Call |
| 28 | KWEBKRANESHARES TRUST | 210,717 | $8.9B | 0.61% | |
| 29 | MSTRSTRATEGY INC | 26,000 | $8.4B | 0.58% | Put |
| 30 | NDQINVESCO QQQ TR | 13,900 | $8.3B | 0.57% | |
| 31 | WBDWARNER BROS DISCOVERY INC | 412,326 | $8.1B | 0.55% | |
| 32 | —KRANESHARES TRUST | 190,200 | $8.0B | 0.55% | Put |
| 33 | SPYSPDR S&P 500 ETF TR | 11,875 | $7.9B | 0.54% | |
| 34 | GEVGE VERNOVA INC | 12,500 | $7.7B | 0.53% | Call |
| 35 | CRWVCOREWEAVE INC | 56,138 | $7.7B | 0.53% | |
| 36 | BABAALIBABA GROUP HLDG LTD | 40,874 | $7.3B | 0.50% | |
| 37 | —VANECK ETF TRUST | 75,900 | $7.3B | 0.50% | Put |
| 38 | PDDPDD HOLDINGS INC | 53,900 | $7.1B | 0.49% | Call |
| 39 | WFCWELLS FARGO CO NEW | 84,467 | $7.1B | 0.49% | |
| 40 | IBITISHARES BITCOIN TRUST ETF | 94,967 | $6.2B | 0.42% | |
| 41 | STTSPDR S&P 500 ETF TR | 8,900 | $5.9B | 0.41% | Call |
| 42 | XLFISELECT SECTOR SPDR TR | 100,000 | $5.4B | 0.37% | Put |
| 43 | INTCINTEL CORP | 158,800 | $5.3B | 0.37% | Put |
| 44 | PDDPDD HOLDINGS INC | 39,886 | $5.3B | 0.36% | |
| 45 | INTCINTEL CORP | 156,780 | $5.3B | 0.36% | |
| 46 | CORZCORE SCIENTIFIC INC NEW | 288,900 | $5.2B | 0.36% | Call |
| 47 | —COREWEAVE INC | 32,500 | $4.4B | 0.31% | Put |
| 48 | INTCINTEL CORP | 130,800 | $4.4B | 0.30% | Call |
| 49 | ARKTARK ETF TR | 49,400 | $4.3B | 0.29% | Call |
| 50 | COINCOINBASE GLOBAL INC | 12,500 | $4.2B | 0.29% | Call |
| 51 | WFCWELLS FARGO CO NEW | 50,300 | $4.2B | 0.29% | Put |
| 52 | AAPLAPPLE INC | 16,500 | $4.2B | 0.29% | Put |
| 53 | WFCWELLS FARGO CO NEW | 50,100 | $4.2B | 0.29% | Call |
| 54 | CORZCORE SCIENTIFIC INC NEW | 232,938 | $4.2B | 0.29% | |
| 55 | DYHTARGET CORP | 45,049 | $4.0B | 0.28% | |
| 56 | —AMAZON COM INC | 18,100 | $4.0B | 0.27% | Call |
| 57 | ARMARM HOLDINGS PLC | 27,200 | $3.8B | 0.26% | Call |
| 58 | GEVGE VERNOVA INC | 6,000 | $3.7B | 0.25% | Put |
| 59 | CORZCORE SCIENTIFIC INC NEW | 200,300 | $3.6B | 0.25% | Put |
| 60 | AAPLAPPLE INC | 14,000 | $3.6B | 0.25% | Call |
| 61 | MUMICRON TECHNOLOGY INC | 20,400 | $3.4B | 0.23% | Put |
| 62 | IRENIREN LIMITED | 70,300 | $3.3B | 0.23% | Call |
| 63 | —BROADCOM INC | 10,000 | $3.3B | 0.23% | Put |
| 64 | NVDANVIDIA CORPORATION | 17,500 | $3.3B | 0.22% | Call |
| 65 | WBDWARNER BROS DISCOVERY INC | 166,700 | $3.3B | 0.22% | Put |
| 66 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 11,600 | $3.2B | 0.22% | Put |
| 67 | IBITISHARES BITCOIN TRUST ETF | 49,100 | $3.2B | 0.22% | Put |
| 68 | PLTRPALANTIR TECHNOLOGIES INC | 17,465 | $3.2B | 0.22% | |
| 69 | NBISNEBIUS GROUP N.V. | 28,200 | $3.2B | 0.22% | Call |
| 70 | BAC 7.25 PERP LBANK AMERICA CORP | 2,464 | $3.2B | 0.22% | |
| 71 | IRENIREN LIMITED | 64,300 | $3.0B | 0.21% | Put |
| 72 | MIGASTRATEGY INC | 8,380 | $2.7B | 0.19% | |
| 73 | PCGPG&E CORP | 175,000 | $2.6B | 0.18% | Call |
| 74 | AMDADVANCED MICRO DEVICES INC | 16,100 | $2.6B | 0.18% | Call |
| 75 | SPYSPDR S&P 500 ETF TR | 3,900 | $2.6B | 0.18% | Put |
| 76 | ORCLORACLE CORP | 9,000 | $2.5B | 0.17% | Call |
| 77 | GOOGLALPHABET INC | 10,000 | $2.4B | 0.17% | Put |
| 78 | LULULULULEMON ATHLETICA INC | 13,500 | $2.4B | 0.17% | |
| 79 | —GAMESTOP CORP NEW | 85,100 | $2.3B | 0.16% | Call |
| 80 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 8,300 | $2.3B | 0.16% | Call |
| 81 | XOMEXXON MOBIL CORP | 20,200 | $2.3B | 0.16% | Call |
| 82 | MUMICRON TECHNOLOGY INC | 13,300 | $2.2B | 0.15% | Call |
| 83 | —META PLATFORMS INC | 3,000 | $2.2B | 0.15% | Call |
| 84 | —ISHARES ETHEREUM TR | 65,000 | $2.0B | 0.14% | Call |
| 85 | AQLTISHARES TR | 25,200 | $2.0B | 0.14% | Put |
| 86 | —ISHARES INC | 25,000 | $2.0B | 0.14% | Call |
| 87 | ENVXENOVIX CORPORATION | 200,423 | $2.0B | 0.14% | |
| 88 | FIGFIGMA INC | 37,811 | $2.0B | 0.14% | |
| 89 | CMGCHIPOTLE MEXICAN GRILL INC | 43,841 | $1.7B | 0.12% | |
| 90 | ARMARM HOLDINGS PLC | 11,939 | $1.7B | 0.12% | |
| 91 | XLBSELECT SECTOR SPDR TR | 18,000 | $1.6B | 0.11% | |
| 92 | SOFISOFI TECHNOLOGIES INC | 59,900 | $1.6B | 0.11% | |
| 93 | UPSUNITED PARCEL SERVICE INC | 18,400 | $1.5B | 0.11% | |
| 94 | WBDWARNER BROS DISCOVERY INC | 75,100 | $1.5B | 0.10% | Call |
| 95 | BMNRBITMINE IMMERSION TECNOLOGIE | 26,941 | $1.4B | 0.10% | |
| 96 | COINCOINBASE GLOBAL INC | 4,000 | $1.3B | 0.09% | Put |
| 97 | LVLNSPDR SERIES TRUST | 20,812 | $1.3B | 0.09% | |
| 98 | MRKMERCK & CO INC | 15,121 | $1.3B | 0.09% | |
| 99 | FLRFLUOR CORP NEW | 29,878 | $1.3B | 0.09% | |
| 100 | STUBSTUBHUB HLDGS INC | 74,300 | $1.3B | 0.09% |
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