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Asset Manager ← All Institutions

SONA ASSET MANAGEMENT (US) LLC

Q3 2025 · Filed 2025-11-14
Market Value
$893M
-39.0%
Holdings
94
+21
New Purchases
38
Added To
6
Closed
22
Reduced
10
Top 10 Concentration
74.4%
Turnover
63.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EMB 15.65% 0.00% +15.65% $140M
TXNM 10.53% 3.56% +6.97% $94M
NSC 6.36% 0.00% +6.36% $57M
APO-PA 16.55% 10.79% +5.76% $148M
GTLS 4.67% 0.00% +4.67% $42M
EA 4.19% 0.00% +4.19% $37M
KYIV 2.99% 0.00% +2.99% $27M
CYBR 1.80% 0.00% +1.80% $16M
BTDR 1.48% 0.00% +1.48% $13M
CC 1.06% 0.00% +1.06% $9M
UNH 1.26% 0.43% +0.83% $11M
UNIT 0.78% 0.00% +0.78% $7M
TER 0.77% 0.00% +0.77% $7M
IHS 1.38% 0.68% +0.69% $12M
ASHR 0.58% 0.00% +0.58% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LQD 4.94% 43.19% -38.24% $44M
VCIT 0.00% 7.07% -7.07% $0
IEF 0.00% 4.74% -4.74% $0
FYBR 0.57% 3.58% -3.01% $5M
IGSB 6.74% 9.13% -2.39% $60M
CCIR 0.00% 1.39% -1.39% $0
SKX 0.00% 1.33% -1.33% $0
WULF 0.00% 0.81% -0.81% $0
MSFT 0.00% 0.68% -0.68% $0
WBD 0.00% 0.61% -0.61% $0
NVDA 0.00% 0.54% -0.54% $0
CORZ 0.00% 0.54% -0.54% $0
MIR 0.00% 0.46% -0.46% $0
CZR 0.38% 0.83% -0.45% $3M
VFC 0.00% 0.38% -0.38% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 9 $26M 2.9%
Large Cap 37 $570M 63.8%
Mid Cap 29 $269M 30.1%
Small Cap 14 $26M 2.9%
Micro Cap 5 $3M 0.3%

Portfolio Analytics

Avg Market Cap
$146.7B
Median Market Cap
$9.8B
Avg P/E
41.6
Median P/E
27.1
Avg Dividend Yield
0.02%
Avg Beta
1.30
# Stocks
79
# ETFs / Funds
15

Top Holdings (94 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 APO-PA 16.55% 2,100,000 $148M $70.40 -$10M — —
2 EMB 15.65% 1,469,000 $140M $95.19 — +1,469,000 — NEW
3 TXNM 10.53% 1,663,830 $94M $56.55 $42M +738,631 +79.8%
4 IGSB 6.74% 1,135,000 $60M $53.03 -$74M -1,400,000 -55.2%
5 NSC 6.36% 189,280 $57M $300.41 — +189,280 — NEW
6 LQD 4.94% 396,206 $44M $111.47 -$589M -5,377,886 -93.1%
7 GTLS 4.67% 208,634 $42M $200.15 — +208,634 — NEW
8 EA 4.19% 185,440 $37M $201.70 — +185,440 — NEW
9 KYIV 2.99% 2,137,889 $27M $12.50 — +2,137,889 — NEW
10 CYBR 1.80% 33,376 $16M $483.15 — +33,376 — NEW
11 BTDR 1.48% 774,003 $13M $17.09 — +774,003 — NEW
12 IHS 1.38% 1,802,674 $12M $6.82 $2M — —
13 UNH 1.26% 32,500 $11M $345.30 $5M +12,500 +62.5%
14 CCJ 1.24% 132,500 $11M $83.86 -$3M -55,000 -29.3%
15 CC 1.06% 596,275 $9M $15.84 — +596,275 — NEW
16 BABA 0.94% 47,186 $8M $178.73 $20K -27,000 -36.4%
17 NN 0.92% 575,128 $8M $14.30 -$518K — —
18 URA 0.80% 150,000 $7M $47.67 $1M — —
19 UNIT 0.78% 1,136,000 $7M $6.12 — +1,136,000 — NEW
20 TER 0.77% 50,000 $7M $137.64 — +50,000 — NEW
21 BLCO 0.77% 455,332 $7M $15.07 -$6M -565,418 -55.4%
22 ATUS 0.70% 2,600,000 $6M $2.41 -$4M -2,152,841 -45.3%
23 EWY 0.66% 74,000 $6M $80.10 $3M +37,000 +100.0%
24 ASHR 0.58% 157,000 $5M $32.98 — +157,000 — NEW
25 FYBR 0.57% 136,623 $5M $37.35 -$47M -1,306,015 -90.5%
26 EWW 0.56% 74,000 $5M $68.21 $3M +34,000 +85.0%
27 EWJ 0.55% 61,500 $5M $80.21 — +61,500 — NEW
28 AXL 0.55% 819,328 $5M $6.01 — +819,328 — NEW
29 DLR 0.53% 27,200 $5M $172.88 -$39K — —
30 COMM 0.52% 300,000 $5M $15.48 — +300,000 — NEW
31 ASML 0.43% 4,000 $4M $968.09 — +4,000 — NEW
32 DLTR 0.42% 40,000 $4M $94.37 -$187K — —
33 BKLN 0.39% 167,224 $3M $20.93 — +167,224 — NEW
34 CHTR 0.38% 12,500 $3M $275.10 — +12,500 — NEW
35 HTZ 0.38% 500,000 $3M $6.80 — +500,000 — NEW
36 CZR 0.38% 125,000 $3M $27.03 -$9M -305,000 -70.9%
37 EQT 0.37% 60,000 $3M $54.43 $933K +20,000 +50.0%
38 LTH 0.36% 115,000 $3M $27.60 — +115,000 — NEW
39 EWZ 0.35% 100,000 $3M $31.00 $215K — —
40 LITE 0.35% 19,000 $3M $162.71 -$4M -58,200 -75.4%
41 CCL 0.34% 106,100 $3M $28.91 — +106,100 — NEW
42 DMIIU 0.33% 300,000 $3M $9.95 — +300,000 — NEW
43 EYE 0.33% 100,000 $3M $29.19 $618K — —
44 TAC 0.31% 200,000 $3M $13.66 $572K — —
45 TIC 0.30% 200,000 $3M $13.31 — +200,000 — NEW
46 GRAB 0.29% 433,200 $3M $6.02 — +433,200 — NEW
47 RIOT 0.27% 125,000 $2M $19.03 — +125,000 — NEW
48 SPY 0.25% 3,394 $2M $666.18 — +3,394 — NEW
49 HII 0.24% 7,500 $2M $287.91 — +7,500 — NEW
50 RH 0.24% 10,400 $2M $203.16 $1M +5,000 +92.6%
51 DG 0.23% 20,000 $2M $103.35 -$221K — —
52 SATS 0.21% 25,000 $2M $76.36 — +25,000 — NEW
53 ALNY 0.21% 4,104 $2M $456.00 — +4,104 — NEW
54 EC 0.21% 200,000 $2M $9.21 $72K — —
55 DDOG 0.20% 12,390 $2M $142.40 -$384K -3,600 -22.5%
56 HUT.TO 0.19% 50,000 $2M $34.81 — +50,000 — NEW
57 TKR 0.12% 14,000 $1M $75.18 $37K — —
58 INVZ 0.11% 500,000 $1M $2.04 — +500,000 — NEW
59 CEPF 0.11% 100,000 $1M $10.19 — +100,000 — NEW
60 EHTH 0.11% 232,589 $1M $4.31 -$9K — —
61 AXON 0.10% 1,250 $897K $717.64 — +1,250 — NEW
62 HTZWW 0.08% 200,000 $744K $3.72 $14K — —
63 SOUN 0.07% 39,000 $627K $16.08 — +39,000 — NEW
64 FCRS 0.06% 50,000 $530K $10.60 — +50,000 — NEW
65 VRM 0.04% 14,472 $391K $27.03 -$21K — —
66 ON 0.04% 7,872 $388K $49.31 — +7,872 — NEW
67 TDS 0.04% 9,398 $369K $39.24 $34K — —
68 THCH 0.03% 100,000 $259K $2.59 -$38K — —
69 MBVIU 0.03% 25,000 $253K $10.12 — +25,000 — NEW
70 HYG 0.02% 2,124 $172K $81.19 — +2,124 — NEW
71 IHRT 0.02% 58,114 $167K $2.87 — +58,114 — NEW
72 NOTE-WT —% 150,000 $10K $0.07 -$5K — —
73 WBD —% — — — -$9M -774,700 -100.0% SOLD
74 WULF —% — — — -$12M -2,695,461 -100.0% SOLD
75 HPE —% — — — -$3M -125,000 -100.0% SOLD
76 VCIT —% — — — -$104M -1,250,000 -100.0% SOLD
77 ARGT —% — — — -$2M -27,000 -100.0% SOLD
78 INTC —% — — — -$4M -193,000 -100.0% SOLD
79 IEF —% — — — -$69M -725,000 -100.0% SOLD
80 SKX —% — — — -$19M -307,769 -100.0% SOLD
81 DHI —% — — — -$3M -20,000 -100.0% SOLD
82 STX —% — — — -$5M -34,400 -100.0% SOLD
83 PLTR —% — — — -$5M -35,000 -100.0% SOLD
84 LEN —% — — — -$3M -23,000 -100.0% SOLD
85 CORZ —% — — — -$8M -461,000 -100.0% SOLD
86 U —% — — — -$4M -154,285 -100.0% SOLD
87 NVDA —% — — — -$8M -50,000 -100.0% SOLD
88 MU —% — — — -$4M -30,000 -100.0% SOLD
89 VFC —% — — — -$6M -472,626 -100.0% SOLD
90 AMCX —% — — — -$2M -323,975 -100.0% SOLD
91 PSN —% — — — -$353K -4,919 -100.0% SOLD
92 MSFT —% — — — -$10M -20,000 -100.0% SOLD
93 MIR —% — — — -$7M -314,000 -100.0% SOLD
94 CCIR —% — — — -$20M -1,859,033 -100.0% SOLD

Options Breakdown

25 Calls $442M Call Value 19 Puts $1.1B Put Value 2.53 P/C Ratio

Top Calls

SymbolSharesValueStatus
GLD 250,000 $89M
EWZ 1,500,000 $46M NEW
MU 250,000 $42M NEW
EWY 500,000 $40M NEW
KWEB 909,000 $38M NEW
EEM 652,100 $35M NEW
BTDR 1,800,000 $31M NEW
FXI 500,000 $21M NEW
SATS 160,000 $12M NEW
GEO 550,000 $11M NEW

Top Puts

SymbolSharesValueStatus
TLT 2,980,000 $266M
HYG 2,800,000 $227M
LQD 2,000,000 $223M NEW
ARKK 1,410,000 $122M
GLD 300,000 $107M
MTUM 300,000 $77M NEW
QQQ 45,000 $27M NEW
MSTR 75,000 $24M NEW
NVDA 100,000 $19M NEW
V 22,200 $8M

New Positions

SymbolValue% Port
EMB $140M 15.65%
NSC $57M 6.36%
GTLS $42M 4.67%
EA $37M 4.19%
KYIV $27M 2.99%
CYBR $16M 1.80%
BTDR $13M 1.48%
CC $9M 1.06%
UNIT $7M 0.78%
TER $7M 0.77%
ASHR $5M 0.58%
EWJ $5M 0.55%
AXL $5M 0.55%
COMM $5M 0.52%
ASML $4M 0.43%

Sold Out Positions

SymbolValue% Port
HPE — —%
DHI — —%
LEN — —%
PSN — —%
VFC — —%
U — —%
MIR — —%
CORZ — —%
INTC — —%
AMCX — —%
IEF — —%
MU — —%
WBD — —%
WULF — —%
ARGT — —%
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