# EDGAR Filing Document

**Accession Number:** 0000890203
**File Stem:** 0000890203-25-000013
**Filing Date:** 2025-10
**Character Count:** 19320
**Document Hash:** 811228cd9530a8bf9e15b37ec7b4be5c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000890203-25-000013.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0000890203-25-000013

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**EFFECTIVENESS DATE**: 20251024

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MIRAE ASSET SECURITIES (USA) INC.
- **CENTRAL INDEX KEY:** 0000890203

**ORGANIZATION NAME:**
- **EIN:** 133674844
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24253
- **FILM NUMBER:** 251414884

**BUSINESS ADDRESS:**
- **STREET 1:** 810 SEVENTH AVENUE
- **STREET 2:** 37TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 646-968-2052

**MAIL ADDRESS:**
- **STREET 1:** 810 SEVENTH AVENUE
- **STREET 2:** 37TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAEWOO SECURITIES (AMERICA) INC.
- **DATE OF NAME CHANGE:** 20020830

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAEWOO SECURITIES AMERICA INC                           /BD
- **DATE OF NAME CHANGE:** 19920803

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** MIRAE ASSET SECURITIES (USA) INC.<br>**Address:** 810 SEVENTH AVENUE<br>37TH FLOOR<br>NEW YORK, NY 10019

**Form 13F File Number:** 028-24253

**CRD Number (if applicable):** 000030679

**SEC File Number (if applicable):** 8-45034

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Daniel Hanuka<br>**Title:** Chief Financial Officer<br>**Phone:** 6469682060

**Signature, Place, and Date of Signing:**

Daniel Hanuka  New York, NY  10-24-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 151

**Form 13F Information Table Value Total:** $3277505935

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| THE ALGER ETF TRUST | AI ENABLERS ADOP | 015564503 |  | 8437500 | 225000 | SH |  | SOLE | 0 | 0 | 0 | 225000 |
| EA SERIES TRUST | COASTAL COMPASS | 02072L169 |  | 479790 | 18283 | SH |  | SOLE | 0 | 0 | 0 | 18283 |
| EA SERIES TRUST | CASTELLAN TARGET | 02072Q499 |  | 9768870 | 150000 | SH |  | SOLE | 0 | 0 | 0 | 150000 |
| TIDAL TRUST III | BEEHIVE ETF | 45259A761 |  | 712712 | 27844 | SH |  | SOLE | 0 | 0 | 0 | 27844 |
| INVESTMENT MANAGERS SER TR I | TRADR 2X LONG | 46092D764 |  | 1273200 | 60000 | SH |  | SOLE | 0 | 0 | 0 | 60000 |
| INVESTMENT MANAGERS SER TR I | TRADR 2X LONG | 46092D772 |  | 2510400 | 160000 | SH |  | SOLE | 0 | 0 | 0 | 160000 |
| TEMA ETF TRUST | S 500 HISTORIC | 87975E826 |  | 3268807 | 57216 | SH |  | SOLE | 0 | 0 | 0 | 57216 |
| INVESTMENT MANAGERS SER TR | TRADR 2X LONG | 46143U492 |  | 1194000 | 60000 | SH |  | SOLE | 0 | 0 | 0 | 60000 |
| GOLDMAN SACHS ETF TR | NASDAQ-100 PREMI | 38149W630 |  | 7869000 | 150000 | SH |  | SOLE | 0 | 0 | 0 | 150000 |
| GRANITESHARES ETF TR | 2X LONG RDDT DA | 38747R496 |  | 1169200 | 20000 | SH |  | SOLE | 0 | 0 | 0 | 20000 |
| EA SERIES TRUST | SARMAYA THEMATIC | 02072Q796 |  | 333167 | 9896 | SH |  | SOLE | 0 | 0 | 0 | 9896 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4175517 | 4511 | SH |  | SOLE | 0 | 0 | 0 | 4511 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4254108 | 27687 | SH |  | SOLE | 0 | 0 | 0 | 27687 |
| QUALCOMM INC | COM | 747525103 |  | 8338629 | 50124 | SH |  | SOLE | 0 | 0 | 0 | 50124 |
| TIDAL TRUST III | ALPHA BRANDS | 45259A449 |  | 327649 | 14898 | SH |  | SOLE | 0 | 0 | 0 | 14898 |
| AMGEN INC | COM | 031162100 |  | 9901834 | 35088 | SH |  | SOLE | 0 | 0 | 0 | 35088 |
| MODERNA INC | COM | 60770K107 |  | 2925919 | 113276 | SH |  | SOLE | 0 | 0 | 0 | 113276 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 54529046 | 1161923 | SH |  | SOLE | 0 | 0 | 0 | 1161923 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 12740834 | 201277 | SH |  | SOLE | 0 | 0 | 0 | 201277 |
| LASER PHOTONICS CORP | COM | 51807Q100 |  | 369177 | 85656 | SH |  | SOLE | 0 | 0 | 0 | 85656 |
| THE CIGNA GROUP | COM | 125523100 |  | 14448531 | 50125 | SH |  | SOLE | 0 | 0 | 0 | 50125 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 1274321 | 11590 | SH |  | SOLE | 0 | 0 | 0 | 11590 |
| WALMART INC | COM | 931142103 |  | 5758890 | 55879 | SH |  | SOLE | 0 | 0 | 0 | 55879 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 8957948 | 50120 | SH |  | SOLE | 0 | 0 | 0 | 50120 |
| EQT CORP | COM | 26884L109 |  | 2378809 | 43704 | SH |  | SOLE | 0 | 0 | 0 | 43704 |
| GE AEROSPACE | COM NEW | 369604301 |  | 15142978 | 50339 | SH |  | SOLE | 0 | 0 | 0 | 50339 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 8653909 | 25062 | SH |  | SOLE | 0 | 0 | 0 | 25062 |
| UNION PAC CORP | COM | 907818108 |  | 3080374 | 13032 | SH |  | SOLE | 0 | 0 | 0 | 13032 |
| BEYOND MEAT INC | COM | 08862E109 |  | 83109 | 43973 | SH |  | SOLE | 0 | 0 | 0 | 43973 |
| LUCID GROUP INC | COM NEW | 549498202 |  | 3914264 | 164534 | SH |  | SOLE | 0 | 0 | 0 | 164534 |
| HOME DEPOT INC | COM | 437076102 |  | 10154061 | 25060 | SH |  | SOLE | 0 | 0 | 0 | 25060 |
| COCA COLA CO | COM | 191216100 |  | 9972804 | 150374 | SH |  | SOLE | 0 | 0 | 0 | 150374 |
| THRIVE SERIES TRUST | PROSPERA INCOME | 88588B100 |  | 474599 | 18986 | SH |  | SOLE | 0 | 0 | 0 | 18986 |
| VISA INC | COM CL A | 92826C839 |  | 17108259 | 50115 | SH |  | SOLE | 0 | 0 | 0 | 50115 |
| HONEYWELL INTL INC | COM | 438516106 |  | 5443951 | 25862 | SH |  | SOLE | 0 | 0 | 0 | 25862 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 18277717 | 75186 | SH |  | SOLE | 0 | 0 | 0 | 75186 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2286229 | 12330 | SH |  | SOLE | 0 | 0 | 0 | 12330 |
| MICROSOFT CORP | COM | 594918104 |  | 12980345 | 25061 | SH |  | SOLE | 0 | 0 | 0 | 25061 |
| QUANTUM COMPUTING INC | COM | 74766W108 |  | 1415876 | 76908 | SH |  | SOLE | 0 | 0 | 0 | 76908 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 154772618 | 639662 | SH |  | SOLE | 0 | 0 | 0 | 639662 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 |  | 85930000 | 650000 | SH |  | SOLE | 0 | 0 | 0 | 650000 |
| PEPSICO INC | COM | 713448108 |  | 17680694 | 125895 | SH |  | SOLE | 0 | 0 | 0 | 125895 |
| EA SERIES TRUST | TOWLE VALUE ETF | 02072Q432 |  | 626119 | 24504 | SH |  | SOLE | 0 | 0 | 0 | 24504 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 8966514 | 20049 | SH |  | SOLE | 0 | 0 | 0 | 20049 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 92748000 | 200000 | SH |  | SOLE | 0 | 0 | 0 | 200000 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 11394177 | 101057 | SH |  | SOLE | 0 | 0 | 0 | 101057 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 2470611 | 23255 | SH |  | SOLE | 0 | 0 | 0 | 23255 |
| AMAZON COM INC | COM | 023135106 |  | 12778535 | 58198 | SH |  | SOLE | 0 | 0 | 0 | 58198 |
| TESLA INC | COM | 88160R101 |  | 66870323 | 150365 | SH |  | SOLE | 0 | 0 | 0 | 150365 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 |  | 55400000 | 500000 | SH |  | SOLE | 0 | 0 | 0 | 500000 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 2906796 | 255206 | SH |  | SOLE | 0 | 0 | 0 | 255206 |
| EA SERIES TRUST | STANCE SUSTAINAB | 02072L151 |  | 224519 | 8223 | SH |  | SOLE | 0 | 0 | 0 | 8223 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 21348294 | 150584 | SH |  | SOLE | 0 | 0 | 0 | 150584 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 100249500 | 650000 | SH |  | SOLE | 0 | 0 | 0 | 650000 |
| SPDR SERIES TRUST | S RETAIL ETF | 78464A714 |  | 112034000 | 1300000 | SH |  | SOLE | 0 | 0 | 0 | 1300000 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 150300000 | 1500000 | SH |  | SOLE | 0 | 0 | 0 | 1500000 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 7398303 | 75516 | SH |  | SOLE | 0 | 0 | 0 | 75516 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 16846949 | 100687 | SH |  | SOLE | 0 | 0 | 0 | 100687 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 254668623 | 382282 | SH |  | SOLE | 0 | 0 | 0 | 382282 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3969687 | 12585 | SH |  | SOLE | 0 | 0 | 0 | 12585 |
| ETF SER SOLUTIONS | US GLB JETS | 26922A842 |  | 2464680 | 99987 | SH |  | SOLE | 0 | 0 | 0 | 99987 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 27429500 | 350000 | SH |  | SOLE | 0 | 0 | 0 | 350000 |
| META PLATFORMS INC | CL A | 30303M102 |  | 18421922 | 25085 | SH |  | SOLE | 0 | 0 | 0 | 25085 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 20698974 | 503135 | SH |  | SOLE | 0 | 0 | 0 | 503135 |
| LINDE PLC | SHS | G54950103 |  | 23901525 | 50319 | SH |  | SOLE | 0 | 0 | 0 | 50319 |
| TARGET CORP | COM | 87612E106 |  | 6519486 | 72681 | SH |  | SOLE | 0 | 0 | 0 | 72681 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 13266472 | 100679 | SH |  | SOLE | 0 | 0 | 0 | 100679 |
| STRATEGY INC | CL A NEW | 594972408 |  | 76241652 | 236621 | SH |  | SOLE | 0 | 0 | 0 | 236621 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 9467069 | 50740 | SH |  | SOLE | 0 | 0 | 0 | 50740 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 57173216 | 1100967 | SH |  | SOLE | 0 | 0 | 0 | 1100967 |
| BROADCOM INC | COM | 11135F101 |  | 49609227 | 150372 | SH |  | SOLE | 0 | 0 | 0 | 150372 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 70311537 | 251751 | SH |  | SOLE | 0 | 0 | 0 | 251751 |
| MCDONALDS CORP | COM | 580135101 |  | 10709084 | 35240 | SH |  | SOLE | 0 | 0 | 0 | 35240 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 1599521 | 50126 | SH |  | SOLE | 0 | 0 | 0 | 50126 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 5243009 | 25055 | SH |  | SOLE | 0 | 0 | 0 | 25055 |
| ABBVIE INC | COM | 00287Y109 |  | 6963566 | 30075 | SH |  | SOLE | 0 | 0 | 0 | 30075 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 36632599 | 150411 | SH |  | SOLE | 0 | 0 | 0 | 150411 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 250798564 | 417740 | SH |  | SOLE | 0 | 0 | 0 | 417740 |
| EBAY INC. | COM | 278642103 |  | 1531598 | 16840 | SH |  | SOLE | 0 | 0 | 0 | 16840 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 8324262 | 25061 | SH |  | SOLE | 0 | 0 | 0 | 25061 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 10022065 | 12585 | SH |  | SOLE | 0 | 0 | 0 | 12585 |
| APPLE INC | COM | 037833100 |  | 25725524 | 101031 | SH |  | SOLE | 0 | 0 | 0 | 101031 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 66328603 | 111284 | SH |  | SOLE | 0 | 0 | 0 | 111284 |
| VIRGIN GALACTIC HOLDINGS INC | COM NEW | 92766K403 |  | 380804 | 98654 | SH |  | SOLE | 0 | 0 | 0 | 98654 |
| PACER FDS TR | PACER CASH COWZ | 69374H246 |  | 241413 | 9758 | SH |  | SOLE | 0 | 0 | 0 | 9758 |
| SALESFORCE INC | COM | 79466L302 |  | 2921973 | 12329 | SH |  | SOLE | 0 | 0 | 0 | 12329 |
| BOEING CO | COM | 097023105 |  | 6144033 | 28467 | SH |  | SOLE | 0 | 0 | 0 | 28467 |
| GE VERNOVA INC | COM | 36828A101 |  | 15427226 | 25089 | SH |  | SOLE | 0 | 0 | 0 | 25089 |
| APPLE INC | COM | 037833100 |  | 25463000 | 100000 | SH | Call | SOLE | 0 | 0 | 0 | 100000 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 60037000 | 100000 | SH | Call | SOLE | 0 | 0 | 0 | 100000 |
| ABBVIE INC | COM | 00287Y109 |  | 6946200 | 30000 | SH | Put | SOLE | 0 | 0 | 0 | 30000 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 8936500 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 18232500 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 36532500 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| AMAZON COM INC | COM | 023135106 |  | 12691146 | 57800 | SH | Put | SOLE | 0 | 0 | 0 | 57800 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 8304000 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| AMGEN INC | COM | 031162100 |  | 9877000 | 35000 | SH | Put | SOLE | 0 | 0 | 0 | 35000 |
| APPLE INC | COM | 037833100 |  | 50926000 | 200000 | SH | Put | SOLE | 0 | 0 | 0 | 200000 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 13177000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| BEYOND MEAT INC | COM | 08862E109 |  | 85050 | 45000 | SH | Put | SOLE | 0 | 0 | 0 | 45000 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 56603700 | 1090000 | SH | Put | SOLE | 0 | 0 | 0 | 1090000 |
| BOEING CO | COM | 097023105 |  | 6129572 | 28400 | SH | Put | SOLE | 0 | 0 | 0 | 28400 |
| BROADCOM INC | COM | 11135F101 |  | 49486500 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| COCA COLA CO | COM | 191216100 |  | 9948000 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4165335 | 4500 | SH | Put | SOLE | 0 | 0 | 0 | 4500 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 21265500 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| EBAY INC. | COM | 278642103 |  | 1527960 | 16800 | SH | Put | SOLE | 0 | 0 | 0 | 16800 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 2906728 | 255200 | SH | Put | SOLE | 0 | 0 | 0 | 255200 |
| EQT CORP | COM | 26884L109 |  | 2373148 | 43600 | SH | Put | SOLE | 0 | 0 | 0 | 43600 |
| ETF SER SOLUTIONS | US GLB JETS | 26922A842 |  | 2465000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 2464768 | 23200 | SH | Put | SOLE | 0 | 0 | 0 | 23200 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 11275000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| GE AEROSPACE | COM NEW | 369604301 |  | 15041000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| GE VERNOVA INC | COM | 36828A101 |  | 15372500 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 9954375 | 12500 | SH | Put | SOLE | 0 | 0 | 0 | 12500 |
| HOME DEPOT INC | COM | 437076102 |  | 10129750 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| HONEYWELL INTL INC | COM | 438516106 |  | 5430900 | 25800 | SH | Put | SOLE | 0 | 0 | 0 | 25800 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 8944600 | 20000 | SH | Put | SOLE | 0 | 0 | 0 | 20000 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 53969500 | 1150000 | SH | Put | SOLE | 0 | 0 | 0 | 1150000 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 20570000 | 500000 | SH | Put | SOLE | 0 | 0 | 0 | 500000 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 5231500 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 2280666 | 12300 | SH | Put | SOLE | 0 | 0 | 0 | 12300 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 1253430 | 11400 | SH | Put | SOLE | 0 | 0 | 0 | 11400 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3942875 | 12500 | SH | Put | SOLE | 0 | 0 | 0 | 12500 |
| LASER PHOTONICS CORP | COM | 51807Q100 |  | 386607 | 89700 | SH | Put | SOLE | 0 | 0 | 0 | 89700 |
| LINDE PLC | SHS | G54950103 |  | 23750000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| LUCID GROUP INC | COM NEW | 549498202 |  | 3951519 | 166100 | SH | Put | SOLE | 0 | 0 | 0 | 166100 |
| MCDONALDS CORP | COM | 580135101 |  | 10636150 | 35000 | SH | Put | SOLE | 0 | 0 | 0 | 35000 |
| META PLATFORMS INC | CL A | 30303M102 |  | 18359500 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 16732000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| MICROSOFT CORP | COM | 594918104 |  | 12948750 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| MODERNA INC | COM | 60770K107 |  | 2918790 | 113000 | SH | Put | SOLE | 0 | 0 | 0 | 113000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 9329000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| PEPSICO INC | COM | 713448108 |  | 17555000 | 125000 | SH | Put | SOLE | 0 | 0 | 0 | 125000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 4225375 | 27500 | SH | Put | SOLE | 0 | 0 | 0 | 27500 |
| QUALCOMM INC | COM | 747525103 |  | 8318000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| QUANTUM COMPUTING INC | COM | 74766W108 |  | 1421252 | 77200 | SH | Put | SOLE | 0 | 0 | 0 | 77200 |
| SALESFORCE INC | COM | 79466L302 |  | 2915100 | 12300 | SH | Put | SOLE | 0 | 0 | 0 | 12300 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 1595500 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 12660000 | 200000 | SH | Put | SOLE | 0 | 0 | 0 | 200000 |
| STRATEGY INC | CL A NEW | 594972408 |  | 75719350 | 235000 | SH | Put | SOLE | 0 | 0 | 0 | 235000 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 69822500 | 250000 | SH | Put | SOLE | 0 | 0 | 0 | 250000 |
| TARGET CORP | COM | 87612E106 |  | 6503250 | 72500 | SH | Put | SOLE | 0 | 0 | 0 | 72500 |
| TESLA INC | COM | 88160R101 |  | 66708000 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| THE CIGNA GROUP | COM | 125523100 |  | 14412500 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 7347750 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| UNION PAC CORP | COM | 907818108 |  | 3072810 | 13000 | SH | Put | SOLE | 0 | 0 | 0 | 13000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 8632500 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| VIRGIN GALACTIC HOLDINGS INC | COM NEW | 92766K403 |  | 386000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| VISA INC | COM CL A | 92826C839 |  | 17069000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| WALMART INC | COM | 931142103 |  | 5719830 | 55500 | SH | Put | SOLE | 0 | 0 | 0 | 55500 |

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