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Asset Manager ← All Institutions

SONA ASSET MANAGEMENT (US) LLC

Q2 2025 · Filed 2025-08-14
Market Value
$1.5B
+7.0%
Holdings
73
+17
New Purchases
30
Added To
10
Closed
17
Reduced
8
Top 10 Concentration
85.7%
Turnover
64.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IGSB 9.13% 0.00% +9.13% $134M
VCIT 7.07% 3.28% +3.79% $104M
TXNM 3.56% 0.00% +3.56% $52M
APO-PA 10.79% 8.85% +1.94% $158M
SKX 1.33% 0.00% +1.33% $19M
FYBR 3.58% 2.43% +1.15% $53M
WULF 0.81% 0.00% +0.81% $12M
CCJ 0.95% 0.21% +0.74% $14M
MSFT 0.68% 0.00% +0.68% $10M
WBD 0.61% 0.00% +0.61% $9M
CZR 0.83% 0.23% +0.60% $12M
NVDA 0.54% 0.00% +0.54% $8M
CORZ 0.54% 0.00% +0.54% $8M
LITE 0.50% 0.00% +0.50% $7M
BLCO 0.91% 0.43% +0.48% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFS 0.00% 6.25% -6.25% $0
LQD 43.19% 47.97% -4.79% $633M
OMC 0.00% 3.37% -3.37% $0
HEES 0.00% 2.22% -2.22% $0
ANSS 0.00% 2.16% -2.16% $0
AZEK 0.00% 2.14% -2.14% $0
COOP 0.00% 1.44% -1.44% $0
AMED 0.00% 1.40% -1.40% $0
IEF 4.74% 5.92% -1.18% $69M
AAL 0.00% 1.16% -1.16% $0
EVRI 0.00% 1.10% -1.10% $0
TGI 0.00% 0.98% -0.98% $0
BTDR 0.00% 0.78% -0.78% $0
TLT 0.00% 0.76% -0.76% $0
EQT 0.16% 0.59% -0.43% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $45M 3.1%
Large Cap 27 $1.2B 80.2%
Mid Cap 28 $204M 14.0%
Small Cap 7 $38M 2.6%
Micro Cap 4 $2M 0.1%

Portfolio Analytics

Avg Market Cap
$166.0B
Median Market Cap
$9.2B
Avg P/E
51.5
Median P/E
29.3
Avg Dividend Yield
0.01%
Avg Beta
1.28
# Stocks
63
# ETFs / Funds
10

Top Holdings (73 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LQD 43.19% 5,774,092 $633M $109.61 -$24M -268,186 -4.4%
2 APO-PA 10.79% 2,100,000 $158M $75.28 $37M +450,000 +27.3%
3 IGSB 9.13% 2,535,000 $134M $52.76 +2,535,000 NEW
4 VCIT 7.07% 1,250,000 $104M $82.92 $59M +700,000 +127.3%
5 IEF 4.74% 725,000 $69M $95.77 -$12M -125,000 -14.7%
6 FYBR 3.58% 1,442,638 $53M $36.40 $19M +515,601 +55.6%
7 TXNM 3.56% 925,199 $52M $56.32 +925,199 NEW
8 CCIR 1.39% 1,859,033 $20M $10.97 -$446K
9 SKX 1.33% 307,769 $19M $63.10 +307,769 NEW
10 CCJ 0.95% 187,500 $14M $74.23 $11M +117,500 +167.9%
11 BLCO 0.91% 1,020,750 $13M $13.01 $7M +614,483 +151.2%
12 CZR 0.83% 430,000 $12M $28.39 $9M +305,000 +244.0%
13 WULF 0.81% 2,695,461 $12M $4.38 +2,695,461 NEW
14 ATUS 0.69% 4,752,841 $10M $2.14 -$2M +352,841 +8.0%
15 IHS 0.68% 1,802,674 $10M $5.56 -$953K -300,000 -14.3%
16 MSFT 0.68% 20,000 $10M $497.41 +20,000 NEW
17 WBD 0.61% 774,700 $9M $11.46 +774,700 NEW
18 NN 0.60% 575,128 $9M $15.20 $5M +302,706 +111.1%
19 BABA 0.57% 74,186 $8M $113.41 -$1M
20 NVDA 0.54% 50,000 $8M $157.99 +50,000 NEW
21 CORZ 0.54% 461,000 $8M $17.07 +461,000 NEW
22 LITE 0.50% 77,200 $7M $95.06 +77,200 NEW
23 MIR 0.46% 314,000 $7M $21.53 +314,000 NEW
24 UNH 0.43% 20,000 $6M $311.97 +20,000 NEW
25 URA 0.40% 150,000 $6M $38.81 +150,000 NEW
26 VFC 0.38% 472,626 $6M $11.75 +472,626 NEW
27 STX 0.34% 34,400 $5M $144.33 +34,400 NEW
28 PLTR 0.33% 35,000 $5M $136.32 +35,000 NEW
29 DLR 0.32% 27,200 $5M $174.33 $2M +9,600 +54.5%
30 INTC 0.30% 193,000 $4M $22.40 -$60K
31 DLTR 0.27% 40,000 $4M $99.04 +40,000 NEW
32 U 0.25% 154,285 $4M $24.20 +154,285 NEW
33 MU 0.25% 30,000 $4M $123.25 +30,000 NEW
34 EWZ 0.20% 100,000 $3M $28.85 +100,000 NEW
35 EWY 0.18% 37,000 $3M $71.78 +37,000 NEW
36 DHI 0.18% 20,000 $3M $128.92 +20,000 NEW
37 HPE 0.17% 125,000 $3M $20.45 +125,000 NEW
38 LEN 0.17% 23,000 $3M $110.61 +23,000 NEW
39 EWW 0.17% 40,000 $2M $60.56 +40,000 NEW
40 EQT 0.16% 40,000 $2M $58.32 -$6M -110,059 -73.3%
41 EYE 0.16% 100,000 $2M $23.01 +100,000 NEW
42 ARGT 0.16% 27,000 $2M $84.73 -$741K -10,500 -28.0%
43 DG 0.16% 20,000 $2M $114.38 +20,000 NEW
44 TAC 0.15% 200,000 $2M $10.79 $292K
45 DDOG 0.15% 15,990 $2M $134.33 $511K -510 -3.1%
46 AMCX 0.14% 323,975 $2M $6.27 +323,975 NEW
47 EC 0.12% 200,000 $2M $8.85 $726K +100,000 +100.0%
48 RH 0.07% 5,400 $1M $189.01 +5,400 NEW
49 TKR 0.07% 14,000 $1M $72.55 +14,000 NEW
50 EHTH 0.07% 232,589 $1M $4.35 -$992K -67,411 -22.5%
51 HTZWW 0.05% 200,000 $730K $3.65 $278K
52 VRM 0.03% 14,472 $413K $28.51 -$463K -15,313 -51.4%
53 PSN 0.02% 4,919 $353K $71.77 +4,919 NEW
54 TDS 0.02% 9,398 $334K $35.58 -$30K
55 THCH 0.02% 100,000 $296K $2.97 $4K
56 NOTE-WT —% 150,000 $15K $0.10 -$11K
57 AZEK —% -$29M -598,200 -100.0% SOLD
58 NET —% -$2M -17,600 -100.0% SOLD
59 EVRI —% -$15M -1,104,322 -100.0% SOLD
60 VSH —% -$514K -32,300 -100.0% SOLD
61 TGI —% -$13M -527,386 -100.0% SOLD
62 AMED —% -$19M -206,220 -100.0% SOLD
63 AAL —% -$16M -1,500,000 -100.0% SOLD
64 HEES —% -$30M -320,849 -100.0% SOLD
65 SPR —% -$5M -152,348 -100.0% SOLD
66 COOP —% -$20M -165,242 -100.0% SOLD
67 BERY —% -$3M -43,614 -100.0% SOLD
68 BTDR —% -$11M -1,202,648 -100.0% SOLD
69 ANSS —% -$30M -93,384 -100.0% SOLD
70 DFS —% -$86M -501,279 -100.0% SOLD
71 TLT —% -$10M -115,000 -100.0% SOLD
72 ALRM —% -$796K -14,300 -100.0% SOLD
73 OMC —% -$46M -557,198 -100.0% SOLD

Options Breakdown

14 Calls $160M Call Value 15 Puts $439M Put Value 2.75 P/C Ratio

Top Calls

SymbolSharesValueStatus
QQQ 111,700 $62M
TLT 420,000 $37M
GLD 100,000 $30M NEW
UNH 35,000 $11M NEW
AXL 2,076,700 $8M NEW
SNPS 15,000 $8M NEW
KVUE 100,000 $2M NEW
TRIP 120,000 $2M
COF $0 SOLD
SWTX $0 SOLD

Top Puts

SymbolSharesValueStatus
HYG 2,124,000 $171M
GLD 230,000 $70M NEW
IEF 500,000 $48M NEW
TLT 496,500 $44M
SPY 47,500 $29M NEW
ARKK 375,000 $26M NEW
IWM 100,000 $22M NEW
AMED 200,000 $20M NEW
V 22,200 $8M NEW
CODI 203,000 $1M NEW

New Positions

SymbolValue% Port
IGSB $134M 9.13%
TXNM $52M 3.56%
SKX $19M 1.33%
WULF $12M 0.81%
MSFT $10M 0.68%
WBD $9M 0.61%
NVDA $8M 0.54%
CORZ $8M 0.54%
LITE $7M 0.50%
MIR $7M 0.46%
UNH $6M 0.43%
URA $6M 0.40%
VFC $6M 0.38%
STX $5M 0.34%
PLTR $5M 0.33%

Sold Out Positions

SymbolValue% Port
EVRI —%
VSH —%
AAL —%
ALRM —%
BTDR —%
NET —%
TLT —%
HEES —%
OMC —%
DFS —%
COOP —%
AMED —%
AZEK —%
ANSS —%
BERY —%
View SEC EDGAR Filings for SONA ASSET MANAGEMENT (US) LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms