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Asset Manager ← All Institutions

SONA ASSET MANAGEMENT (US) LLC

Q4 2025 · Filed 2026-02-17
Market Value
$1.6B
+79.3%
Holdings
116
+17
New Purchases
39
Added To
16
Closed
32
Reduced
13
Top 10 Concentration
82.2%
Turnover
61.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LQD 46.95% 4.81% +42.14% $773M
SATS 2.01% 0.21% +1.80% $33M
WBD 1.75% 0.00% +1.75% $29M
NSC 7.79% 6.20% +1.60% $128M
BACC 1.22% 0.00% +1.22% $20M
DCH 1.46% 0.54% +0.92% $24M
INTC 0.75% 0.00% +0.75% $12M
IGSB 7.29% 6.56% +0.74% $120M
RSP 0.63% 0.00% +0.63% $10M
XLU 0.57% 0.00% +0.57% $9M
CLSK 0.57% 0.00% +0.57% $9M
MU 0.52% 0.00% +0.52% $9M
SNDK 0.49% 0.00% +0.49% $8M
CMCSA 0.41% 0.00% +0.41% $7M
HYG 0.43% 0.02% +0.41% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EMB 0.00% 15.24% -15.24% $0
APO-PA 4.13% 16.11% -11.98% $68M
GTLS 0.00% 4.55% -4.55% $0
EA 0.00% 4.08% -4.08% $0
TXNM 6.57% 10.25% -3.69% $108M
CYBR 0.00% 1.76% -1.76% $0
CCJ 0.00% 1.21% -1.21% $0
BTDR 0.25% 1.44% -1.19% $4M
BORR 0.79% 1.87% -1.09% $13M
UNIT 0.00% 0.76% -0.76% $0
BLCO 0.00% 0.75% -0.75% $0
ATUS 0.00% 0.68% -0.68% $0
IHS 0.70% 1.34% -0.64% $12M
GFR 0.00% 0.58% -0.58% $0
ASHR 0.00% 0.56% -0.56% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $56M 3.4%
Large Cap 37 $1.2B 70.7%
Mid Cap 31 $321M 19.5%
Small Cap 28 $77M 4.7%
Micro Cap 12 $28M 1.7%

Portfolio Analytics

Avg Market Cap
$65.2B
Median Market Cap
$5.7B
Avg P/E
43.9
Median P/E
23.3
Avg Dividend Yield
0.01%
Avg Beta
1.32
# Stocks
100
# ETFs / Funds
16

Top Holdings (116 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LQD 46.95% 7,011,298 $773M $110.19 $728M +6,615,092 +1669.6%
2 NSC 7.79% 444,247 $128M $288.72 $71M +254,967 +134.7%
3 IGSB 7.29% 2,270,000 $120M $52.88 $60M +1,135,000 +100.0%
4 TXNM 6.57% 1,834,874 $108M $58.88 $14M +171,044 +10.3%
5 APO-PA 4.13% 900,000 $68M $75.46 -$80M -1,200,000 -57.1%
6 KYIV 3.02% 3,834,088 $50M $12.98 $23M +1,696,199 +79.3%
7 SATS 2.01% 304,650 $33M $108.70 $31M +279,650 +1118.6%
8 WBD 1.75% 1,000,000 $29M $28.82 — +1,000,000 — NEW
9 DCH 1.46% 3,737,937 $24M $6.41 $19M +2,918,609 +356.2%
10 BACC 1.22% 1,960,185 $20M $10.21 — +1,960,185 — NEW
11 CC 1.18% 1,651,275 $19M $11.79 $10M +1,055,000 +176.9%
12 UNH 0.87% 43,600 $14M $330.11 $3M +11,100 +34.1%
13 BORR 0.79% 3,205,564 $13M $4.03 -$4M -3,180,906 -49.8%
14 INTC 0.75% 335,000 $12M $36.90 — +335,000 — NEW
15 IHS 0.70% 1,552,674 $12M $7.46 -$711K -250,000 -13.9%
16 RSP 0.63% 54,282 $10M $191.56 — +54,282 — NEW
17 XLU 0.57% 221,000 $9M $42.69 — +221,000 — NEW
18 CLSK 0.57% 919,500 $9M $10.12 — +919,500 — NEW
19 BABA 0.53% 59,486 $9M $146.58 $286K +12,300 +26.1%
20 MU 0.52% 30,000 $9M $285.41 — +30,000 — NEW
21 SNDK 0.49% 34,000 $8M $237.38 — +34,000 — NEW
22 HYG 0.43% 87,011 $7M $80.63 $7M +84,887 +3996.6%
23 IHRT 0.41% 1,623,571 $7M $4.16 $7M +1,565,457 +2693.8%
24 CMCSA 0.41% 225,000 $7M $29.89 — +225,000 — NEW
25 BKLN 0.41% 319,787 $7M $21.00 $3M +152,563 +91.2%
26 NN 0.38% 378,128 $6M $16.64 -$2M -197,000 -34.2%
27 AVAV 0.37% 25,500 $6M $241.89 — +25,500 — NEW
28 FMC 0.34% 400,000 $6M $13.87 — +400,000 — NEW
29 EWY 0.31% 53,000 $5M $97.22 -$775K -21,000 -28.4%
30 EWW 0.31% 74,000 $5M $69.33 $83K — —
31 EWJ 0.30% 61,500 $5M $80.74 $33K — —
32 URA 0.30% 115,000 $5M $42.73 -$2M -35,000 -23.3%
33 TER 0.29% 25,000 $5M $193.56 -$2M -25,000 -50.0%
34 CORZ 0.27% 300,000 $4M $14.56 — +300,000 — NEW
35 KWEB 0.26% 125,000 $4M $34.05 — +125,000 — NEW
36 BTDR 0.25% 374,003 $4M $11.21 -$9M -400,000 -51.7%
37 COHR 0.24% 21,000 $4M $184.57 — +21,000 — NEW
38 COGT 0.23% 105,000 $4M $35.52 — +105,000 — NEW
39 GSAT 0.22% 60,000 $4M $61.04 — +60,000 — NEW
40 ZTS 0.21% 27,700 $3M $125.82 — +27,700 — NEW
41 AVGO 0.21% 10,000 $3M $346.10 — +10,000 — NEW
42 COMM 0.21% 188,715 $3M $18.13 -$1M -111,285 -37.1%
43 HPP 0.20% 310,989 $3M $10.83 — +310,989 — NEW
44 EQT 0.20% 60,000 $3M $53.60 -$50K — —
45 TIC 0.18% 300,000 $3M $10.11 $371K +100,000 +50.0%
46 DMII 0.18% 300,000 $3M $9.90 — +300,000 — NEW
47 CZR 0.18% 125,000 $3M $23.39 -$454K — —
48 HTZ 0.17% 556,956 $3M $5.14 -$537K +56,956 +11.4%
49 CHTR 0.17% 13,500 $3M $208.75 -$621K +1,000 +8.0%
50 DG 0.16% 20,000 $3M $132.77 $588K — —
51 HII 0.15% 7,500 $3M $340.07 $391K — —
52 TAC 0.15% 200,000 $3M $12.65 -$202K — —
53 MP 0.15% 50,000 $3M $50.52 — +50,000 — NEW
54 DLTR 0.15% 20,000 $2M $123.01 -$1M -20,000 -50.0%
55 WRBY 0.13% 100,000 $2M $21.79 — +100,000 — NEW
56 TDAY 0.13% 400,000 $2M $5.15 — +400,000 — NEW
57 IFF 0.12% 30,000 $2M $67.39 — +30,000 — NEW
58 LIT 0.12% 31,000 $2M $64.86 — +31,000 — NEW
59 RKT 0.12% 100,000 $2M $19.36 — +100,000 — NEW
60 METC 0.11% 101,400 $2M $18.00 — +101,400 — NEW
61 RIOT 0.10% 125,000 $2M $12.67 -$795K — —
62 LITE 0.10% 4,274 $2M $368.59 -$2M -14,726 -77.5%
63 WULF 0.09% 125,000 $1M $11.49 — +125,000 — NEW
64 TKR 0.07% 14,000 $1M $84.13 $125K — —
65 VOYG 0.07% 43,000 $1M $26.14 — +43,000 — NEW
66 GLW 0.06% 12,000 $1M $87.56 — +12,000 — NEW
67 CEPF 0.06% 100,000 $1M $10.28 $10K — —
68 EC 0.06% 100,000 $1M $10.02 -$840K -100,000 -50.0%
69 BLZR 0.06% 100,000 $1M $10.01 — +100,000 — NEW
70 ASO 0.06% 20,000 $999K $49.96 — +20,000 — NEW
71 AMBA 0.06% 14,000 $992K $70.84 — +14,000 — NEW
72 LGN 0.04% 15,000 $646K $43.04 — +15,000 — NEW
73 POET 0.04% 100,000 $633K $6.33 — +100,000 — NEW
74 HOND 0.04% 100,000 $611K $6.11 — +100,000 — NEW
75 HCMAU 0.03% 50,000 $514K $10.29 -$1K — —
76 FCRS 0.03% 50,000 $505K $10.10 — +50,000 — NEW
77 INVZ 0.03% 500,000 $427K $0.85 -$593K — —
78 VRM 0.02% 13,346 $265K $19.88 -$126K -1,126 -7.8%
79 MBVIU 0.02% 25,000 $253K $10.13 $125 — —
80 THCH 0.02% 100,000 $249K $2.49 -$10K — —
81 KYIVW 0.01% 25,000 $88K $3.54 -$13K — —
82 DMIIR —% 300,000 $42K $0.14 — +300,000 — NEW
83 BLZRW —% 33,332 $16K $0.48 — +33,332 — NEW
84 NOTE-WT —% 150,000 $5K $0.03 -$5K — —
85 EYE —% — — — -$3M -100,000 -100.0% SOLD
86 CCJ —% — — — -$11M -132,500 -100.0% SOLD
87 DDOG —% — — — -$2M -12,390 -100.0% SOLD
88 SPY —% — — — -$2M -3,394 -100.0% SOLD
89 AXON —% — — — -$897K -1,250 -100.0% SOLD
90 EWZ —% — — — -$3M -100,000 -100.0% SOLD
91 TDS —% — — — -$369K -9,398 -100.0% SOLD
92 ON —% — — — -$388K -7,872 -100.0% SOLD
93 ASML —% — — — -$4M -4,000 -100.0% SOLD
94 DLR —% — — — -$5M -27,200 -100.0% SOLD
95 GFR —% — — — -$5M -1,157,749 -100.0% SOLD
96 HUT —% — — — -$2M -50,000 -100.0% SOLD
97 ASHR —% — — — -$5M -157,000 -100.0% SOLD
98 GRAB —% — — — -$3M -433,200 -100.0% SOLD
99 SOUN —% — — — -$627K -39,000 -100.0% SOLD
100 LTH —% — — — -$3M -115,000 -100.0% SOLD

Options Breakdown

35 Calls $836M Call Value 17 Puts $476M Put Value 0.57 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 200,000 $136M NEW
INTC 3,680,000 $136M
RSP 590,500 $113M NEW
EWZ 3,300,000 $105M
KMB 875,500 $88M NEW
QQQ 100,000 $61M NEW
TLT 600,000 $52M
IWM 200,000 $49M NEW
KYIV 2,137,300 $28M NEW
ITB 200,000 $19M NEW

Top Puts

SymbolSharesValueStatus
QQQ 452,000 $278M
TLT 600,000 $52M
IWM 200,000 $49M NEW
NVDA 175,000 $33M
MSTR 200,000 $30M
IBIT 370,800 $18M NEW
ARKK 200,000 $15M
DUOL — $0 SOLD
CODI — $0 SOLD
GLNG — $0 SOLD

New Positions

SymbolValue% Port
WBD $29M 1.75%
BACC $20M 1.22%
INTC $12M 0.75%
RSP $10M 0.63%
XLU $9M 0.57%
CLSK $9M 0.57%
MU $9M 0.52%
SNDK $8M 0.49%
CMCSA $7M 0.41%
AVAV $6M 0.37%
FMC $6M 0.34%
CORZ $4M 0.27%
KWEB $4M 0.26%
COHR $4M 0.24%
COGT $4M 0.23%

Sold Out Positions

SymbolValue% Port
RH — —%
DLR — —%
BLCO — —%
GFR — —%
TDS — —%
LTH — —%
CCJ — —%
PSFE — —%
EYE — —%
AXON — —%
DDOG — —%
HUT — —%
ON — —%
EMB — —%
ALNY — —%
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