# EDGAR Filing Document

**Accession Number:** 0000890203
**File Stem:** 0000890203-25-000011
**Filing Date:** 2025-8
**Character Count:** 24306
**Document Hash:** e3e0601c40572a3203cbcefa2d98c632
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000890203-25-000011.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0000890203-25-000011

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**EFFECTIVENESS DATE**: 20250805

**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:** 251185615

**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:** 06-30-2025

**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  08-05-2025<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:** 200

**Form 13F Information Table Value Total:** $3267514386

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 2988111 | 16098 | SH |  | SOLE | 0 | 0 | 0 | 16098 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 7126360 | 50221 | SH |  | SOLE | 0 | 0 | 0 | 50221 |
| ALBEMARLE CORP | COM | 012653101 |  | 7854118 | 125325 | SH |  | SOLE | 0 | 0 | 0 | 125325 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 11370260 | 100258 | SH |  | SOLE | 0 | 0 | 0 | 100258 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 4250257 | 13034 | SH |  | SOLE | 0 | 0 | 0 | 13034 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 8965645 | 50542 | SH |  | SOLE | 0 | 0 | 0 | 50542 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 35370418 | 200706 | SH |  | SOLE | 0 | 0 | 0 | 200706 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 2249767 | 200514 | SH |  | SOLE | 0 | 0 | 0 | 200514 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 31979978 | 100257 | SH |  | SOLE | 0 | 0 | 0 | 100257 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 11119958 | 50312 | SH |  | SOLE | 0 | 0 | 0 | 50312 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 2576550 | 63966 | SH |  | SOLE | 0 | 0 | 0 | 63966 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 5128800 | 50130 | SH |  | SOLE | 0 | 0 | 0 | 50130 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 16216052 | 100260 | SH |  | SOLE | 0 | 0 | 0 | 100260 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 12052104 | 15039 | SH |  | SOLE | 0 | 0 | 0 | 15039 |
| AUTOZONE INC | COM | 053332102 |  | 7443021 | 2005 | SH |  | SOLE | 0 | 0 | 0 | 2005 |
| BANK AMERICA CORP | COM | 060505104 |  | 9522629 | 201239 | SH |  | SOLE | 0 | 0 | 0 | 201239 |
| BARCLAYS BANK PLC | IPATH S 500 SH | 06748M196 |  | 2414657 | 50253 | SH |  | SOLE | 0 | 0 | 0 | 50253 |
| BEYOND MEAT INC | COM | 08862E109 |  | 2677172 | 767098 | SH |  | SOLE | 0 | 0 | 0 | 767098 |
| BIOGEN INC | COM | 09062X103 |  | 2895980 | 23059 | SH |  | SOLE | 0 | 0 | 0 | 23059 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 11607426 | 2005 | SH |  | SOLE | 0 | 0 | 0 | 2005 |
| BROADCOM INC | COM | 11135F101 |  | 41454452 | 150388 | SH |  | SOLE | 0 | 0 | 0 | 150388 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 3096376 | 42306 | SH |  | SOLE | 0 | 0 | 0 | 42306 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 1585919 | 3108 | SH |  | SOLE | 0 | 0 | 0 | 3108 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3947891 | 27571 | SH |  | SOLE | 0 | 0 | 0 | 27571 |
| CINTAS CORP | COM | 172908105 |  | 2055753 | 9224 | SH |  | SOLE | 0 | 0 | 0 | 9224 |
| COCA COLA CO | COM | 191216100 |  | 10679713 | 150950 | SH |  | SOLE | 0 | 0 | 0 | 150950 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 5367455 | 150391 | SH |  | SOLE | 0 | 0 | 0 | 150391 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 3235992 | 10026 | SH |  | SOLE | 0 | 0 | 0 | 10026 |
| CRH PLC | ORD | G25508105 |  | 4601934 | 50130 | SH |  | SOLE | 0 | 0 | 0 | 50130 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 1399693 | 50824 | SH |  | SOLE | 0 | 0 | 0 | 50824 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 3698139 | 75196 | SH |  | SOLE | 0 | 0 | 0 | 75196 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2111293 | 66372 | SH |  | SOLE | 0 | 0 | 0 | 66372 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2362405 | 20654 | SH |  | SOLE | 0 | 0 | 0 | 20654 |
| DOORDASH INC | CL A | 25809K105 |  | 12357546 | 50130 | SH |  | SOLE | 0 | 0 | 0 | 50130 |
| EA SERIES TRUST | COASTAL COMPASS | 02072L169 |  | 408272 | 15811 | SH |  | SOLE | 0 | 0 | 0 | 15811 |
| EA SERIES TRUST | ASTORIA DYNAMIC | 02072Q663 |  | 458152 | 18154 | SH |  | SOLE | 0 | 0 | 0 | 18154 |
| EA SERIES TRUST | JLENS 500 JEWISH | 02072Q846 |  | 889300 | 34131 | SH |  | SOLE | 0 | 0 | 0 | 34131 |
| EA SERIES TRUST | STANCE SUSTAINAB | 02072L151 |  | 887501 | 34043 | SH |  | SOLE | 0 | 0 | 0 | 34043 |
| ETF SER SOLUTIONS | US GLB JETS | 26922A842 |  | 5741443 | 249954 | SH |  | SOLE | 0 | 0 | 0 | 249954 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 5862085 | 50129 | SH |  | SOLE | 0 | 0 | 0 | 50129 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 10893837 | 101056 | SH |  | SOLE | 0 | 0 | 0 | 101056 |
| GAP INC | COM | 364760108 |  | 2186692 | 100261 | SH |  | SOLE | 0 | 0 | 0 | 100261 |
| GOLDMAN SACHS ETF TR | NASDAQ-100 PREMI | 38149W630 |  | 15939200 | 320000 | SH |  | SOLE | 0 | 0 | 0 | 320000 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 8869523 | 12532 | SH |  | SOLE | 0 | 0 | 0 | 12532 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 20027436 | 75195 | SH |  | SOLE | 0 | 0 | 0 | 75195 |
| HOME DEPOT INC | COM | 437076102 |  | 18379663 | 50130 | SH |  | SOLE | 0 | 0 | 0 | 50130 |
| HONEYWELL INTL INC | COM | 438516106 |  | 17511644 | 75196 | SH |  | SOLE | 0 | 0 | 0 | 75196 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 227546535 | 412491 | SH |  | SOLE | 0 | 0 | 0 | 412491 |
| ISHARES INC | MSCI TURKEY ETF | 464286715 |  | 871117 | 27003 | SH |  | SOLE | 0 | 0 | 0 | 27003 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 23870000 | 100000 | SH |  | SOLE | 0 | 0 | 0 | 100000 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 7369682 | 200481 | SH |  | SOLE | 0 | 0 | 0 | 200481 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 151539175 | 702253 | SH |  | SOLE | 0 | 0 | 0 | 702253 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 23157817 | 151606 | SH |  | SOLE | 0 | 0 | 0 | 151606 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 736778 | 5715 | SH |  | SOLE | 0 | 0 | 0 | 5715 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 27532454 | 801994 | SH |  | SOLE | 0 | 0 | 0 | 801994 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 11608604 | 25065 | SH |  | SOLE | 0 | 0 | 0 | 25065 |
| MCDONALDS CORP | COM | 580135101 |  | 10336098 | 35377 | SH |  | SOLE | 0 | 0 | 0 | 35377 |
| MERCK  CO INC | COM | 58933Y105 |  | 9920569 | 125323 | SH |  | SOLE | 0 | 0 | 0 | 125323 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1546048 | 12544 | SH |  | SOLE | 0 | 0 | 0 | 12544 |
| MICROSOFT CORP | COM | 594918104 |  | 29923191 | 60158 | SH |  | SOLE | 0 | 0 | 0 | 60158 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 176294405 | 436124 | SH |  | SOLE | 0 | 0 | 0 | 436124 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 3191396 | 47322 | SH |  | SOLE | 0 | 0 | 0 | 47322 |
| NETFLIX INC | COM | 64110L106 |  | 26853574 | 20053 | SH |  | SOLE | 0 | 0 | 0 | 20053 |
| NEWSMAX INC | COM SHS CLASS B | 65250K105 |  | 233426 | 15428 | SH |  | SOLE | 0 | 0 | 0 | 15428 |
| NIKE INC | CL B | 654106103 |  | 35747470 | 503202 | SH |  | SOLE | 0 | 0 | 0 | 503202 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 833946 | 8422 | SH |  | SOLE | 0 | 0 | 0 | 8422 |
| PACER FDS TR | PACER CASH COWZ | 69374H246 |  | 345701 | 15209 | SH |  | SOLE | 0 | 0 | 0 | 15209 |
| PEPSICO INC | COM | 713448108 |  | 6619165 | 50130 | SH |  | SOLE | 0 | 0 | 0 | 50130 |
| PHILLIPS 66 | COM | 718546104 |  | 1064514 | 8923 | SH |  | SOLE | 0 | 0 | 0 | 8923 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 12078368 | 75812 | SH |  | SOLE | 0 | 0 | 0 | 75812 |
| QUALCOMM INC | COM | 747525103 |  | 4790222 | 30078 | SH |  | SOLE | 0 | 0 | 0 | 30078 |
| QUANTUM COMPUTING INC | COM | 74766W108 |  | 11691668 | 609894 | SH |  | SOLE | 0 | 0 | 0 | 609894 |
| RECURSION PHARMACEUTICALS IN | CL A | 75629V104 |  | 426679 | 84324 | SH |  | SOLE | 0 | 0 | 0 | 84324 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 2631825 | 5013 | SH |  | SOLE | 0 | 0 | 0 | 5013 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 4945024 | 20052 | SH |  | SOLE | 0 | 0 | 0 | 20052 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 799201 | 2406 | SH |  | SOLE | 0 | 0 | 0 | 2406 |
| ROKU INC | COM CL A | 77543R102 |  | 6608889 | 75195 | SH |  | SOLE | 0 | 0 | 0 | 75195 |
| RTX CORPORATION | COM | 75513E101 |  | 7319837 | 50129 | SH |  | SOLE | 0 | 0 | 0 | 50129 |
| SALESFORCE INC | COM | 79466L302 |  | 3417624 | 12533 | SH |  | SOLE | 0 | 0 | 0 | 12533 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 7235263 | 50130 | SH |  | SOLE | 0 | 0 | 0 | 50130 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 28339500 | 350000 | SH |  | SOLE | 0 | 0 | 0 | 350000 |
| SELECT SECTOR SPDR TR | INDL | 81369Y704 |  | 95888000 | 650000 | SH |  | SOLE | 0 | 0 | 0 | 650000 |
| SOUTHERN CO | COM | 842587107 |  | 9206876 | 100260 | SH |  | SOLE | 0 | 0 | 0 | 100260 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 88130000 | 200000 | SH |  | SOLE | 0 | 0 | 0 | 200000 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 260505331 | 421632 | SH |  | SOLE | 0 | 0 | 0 | 421632 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 31372795 | 55382 | SH |  | SOLE | 0 | 0 | 0 | 55382 |
| SPDR SERIES TRUST | S RETAIL ETF | 78464A714 |  | 100178000 | 1300000 | SH |  | SOLE | 0 | 0 | 0 | 1300000 |
| SPDR SERIES TRUST | S HOMEBUILD | 78464A888 |  | 49285000 | 500000 | SH |  | SOLE | 0 | 0 | 0 | 500000 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 124395000 | 1500000 | SH |  | SOLE | 0 | 0 | 0 | 1500000 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 |  | 81770000 | 650000 | SH |  | SOLE | 0 | 0 | 0 | 650000 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 5997499 | 100985 | SH |  | SOLE | 0 | 0 | 0 | 100985 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 17093880 | 75473 | SH |  | SOLE | 0 | 0 | 0 | 75473 |
| TEMA ETF TRUST | S 500 HISTORIC | 87975E826 |  | 1571125 | 29311 | SH |  | SOLE | 0 | 0 | 0 | 29311 |
| TEMA ETF TRUST | ELECTRIFICATION | 87975E834 |  | 369756 | 14523 | SH |  | SOLE | 0 | 0 | 0 | 14523 |
| TESLA INC | COM | 88160R101 |  | 49484122 | 155777 | SH |  | SOLE | 0 | 0 | 0 | 155777 |
| TG THERAPEUTICS INC | COM | 88322Q108 |  | 3608357 | 100260 | SH |  | SOLE | 0 | 0 | 0 | 100260 |
| THE CIGNA GROUP | COM | 125523100 |  | 16572637 | 50132 | SH |  | SOLE | 0 | 0 | 0 | 50132 |
| TIDAL TRUST I | FUNDSTRAT GRANNY | 886364231 |  | 217524 | 9591 | SH |  | SOLE | 0 | 0 | 0 | 9591 |
| TIDAL TRUST III | BEEHIVE ETF | 45259A761 |  | 550974 | 22881 | SH |  | SOLE | 0 | 0 | 0 | 22881 |
| TIDAL TRUST III | ALPHA BRANDS | 45259A449 |  | 549897 | 26526 | SH |  | SOLE | 0 | 0 | 0 | 26526 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 376531 | 20872 | SH |  | SOLE | 0 | 0 | 0 | 20872 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 9387659 | 100618 | SH |  | SOLE | 0 | 0 | 0 | 100618 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 7983465 | 100257 | SH |  | SOLE | 0 | 0 | 0 | 100257 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1568608 | 15540 | SH |  | SOLE | 0 | 0 | 0 | 15540 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 11681405 | 37444 | SH |  | SOLE | 0 | 0 | 0 | 37444 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 5454645 | 75195 | SH |  | SOLE | 0 | 0 | 0 | 75195 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 3638615 | 27069 | SH |  | SOLE | 0 | 0 | 0 | 27069 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 |  | 2305077 | 147951 | SH |  | SOLE | 0 | 0 | 0 | 147951 |
| VIKING THERAPEUTICS INC | COM | 92686J106 |  | 1426734 | 53839 | SH |  | SOLE | 0 | 0 | 0 | 53839 |
| WALMART INC | COM | 931142103 |  | 5480080 | 56045 | SH |  | SOLE | 0 | 0 | 0 | 56045 |
| WHIRLPOOL CORP | COM | 963320106 |  | 10168369 | 100260 | SH |  | SOLE | 0 | 0 | 0 | 100260 |
| ABBVIE INC | COM | 00287Y109 |  | 2969920 | 16000 | SH | Put | SOLE | 0 | 0 | 0 | 16000 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 7095000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| ALBEMARLE CORP | COM | 012653101 |  | 7833750 | 125000 | SH | Put | SOLE | 0 | 0 | 0 | 125000 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 11341000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 4239170 | 13000 | SH | Put | SOLE | 0 | 0 | 0 | 13000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 35478000 | 200000 | SH | Put | SOLE | 0 | 0 | 0 | 200000 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 8811500 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 2244000 | 200000 | SH | Put | SOLE | 0 | 0 | 0 | 200000 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 31898000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 11051000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 2569864 | 63800 | SH | Put | SOLE | 0 | 0 | 0 | 63800 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 5115500 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 16174000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 12020850 | 15000 | SH | Put | SOLE | 0 | 0 | 0 | 15000 |
| AUTOZONE INC | COM | 053332102 |  | 7424460 | 2000 | SH | Put | SOLE | 0 | 0 | 0 | 2000 |
| BANK AMERICA CORP | COM | 060505104 |  | 9464000 | 200000 | SH | Put | SOLE | 0 | 0 | 0 | 200000 |
| BARCLAYS BANK PLC | IPATH S 500 SH | 06748M196 |  | 2402500 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| BEYOND MEAT INC | COM | 08862E109 |  | 2757100 | 790000 | SH | Put | SOLE | 0 | 0 | 0 | 790000 |
| BIOGEN INC | COM | 09062X103 |  | 2888570 | 23000 | SH | Put | SOLE | 0 | 0 | 0 | 23000 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 11578480 | 2000 | SH | Put | SOLE | 0 | 0 | 0 | 2000 |
| BROADCOM INC | COM | 11135F101 |  | 41347500 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 3088618 | 42200 | SH | Put | SOLE | 0 | 0 | 0 | 42200 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 1581837 | 3100 | SH | Put | SOLE | 0 | 0 | 0 | 3100 |
| CHEVRON CORP NEW | COM | 166764100 |  | 3937725 | 27500 | SH | Put | SOLE | 0 | 0 | 0 | 27500 |
| CINTAS CORP | COM | 172908105 |  | 2050404 | 9200 | SH | Put | SOLE | 0 | 0 | 0 | 9200 |
| COCA COLA CO | COM | 191216100 |  | 10612500 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 5353500 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 3227600 | 10000 | SH | Put | SOLE | 0 | 0 | 0 | 10000 |
| CRH PLC | ORD | G25508105 |  | 4590000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 1399032 | 50800 | SH | Put | SOLE | 0 | 0 | 0 | 50800 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 3688500 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2105822 | 66200 | SH | Put | SOLE | 0 | 0 | 0 | 66200 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2356228 | 20600 | SH | Put | SOLE | 0 | 0 | 0 | 20600 |
| DOORDASH INC | CL A | 25809K105 |  | 12325500 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| ETF SER SOLUTIONS | US GLB JETS | 26922A842 |  | 5742500 | 250000 | SH | Put | SOLE | 0 | 0 | 0 | 250000 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 5847000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 10780000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| GAP INC | COM | 364760108 |  | 2181000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 8846875 | 12500 | SH | Put | SOLE | 0 | 0 | 0 | 12500 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 19975500 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| HOME DEPOT INC | COM | 437076102 |  | 18332000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| HONEYWELL INTL INC | COM | 438516106 |  | 17466000 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| ISHARES INC | MSCI TURKEY ETF | 464286715 |  | 871020 | 27000 | SH | Put | SOLE | 0 | 0 | 0 | 27000 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 7352000 | 200000 | SH | Put | SOLE | 0 | 0 | 0 | 200000 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 22912500 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 734844 | 5700 | SH | Put | SOLE | 0 | 0 | 0 | 5700 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 27464000 | 800000 | SH | Put | SOLE | 0 | 0 | 0 | 800000 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 11578500 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| MCDONALDS CORP | COM | 580135101 |  | 10225950 | 35000 | SH | Put | SOLE | 0 | 0 | 0 | 35000 |
| MERCK  CO INC | COM | 58933Y105 |  | 9895000 | 125000 | SH | Put | SOLE | 0 | 0 | 0 | 125000 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1540625 | 12500 | SH | Put | SOLE | 0 | 0 | 0 | 12500 |
| MICROSOFT CORP | COM | 594918104 |  | 29844600 | 60000 | SH | Put | SOLE | 0 | 0 | 0 | 60000 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 175840050 | 435000 | SH | Put | SOLE | 0 | 0 | 0 | 435000 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 3183168 | 47200 | SH | Put | SOLE | 0 | 0 | 0 | 47200 |
| NETFLIX INC | COM | 64110L106 |  | 26782600 | 20000 | SH | Put | SOLE | 0 | 0 | 0 | 20000 |
| NEWSMAX INC | COM SHS CLASS B | 65250K105 |  | 239054 | 15800 | SH | Put | SOLE | 0 | 0 | 0 | 15800 |
| NIKE INC | CL B | 654106103 |  | 35520000 | 500000 | SH | Put | SOLE | 0 | 0 | 0 | 500000 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 831768 | 8400 | SH | Put | SOLE | 0 | 0 | 0 | 8400 |
| PEPSICO INC | COM | 713448108 |  | 6602000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| PHILLIPS 66 | COM | 718546104 |  | 1061770 | 8900 | SH | Put | SOLE | 0 | 0 | 0 | 8900 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 11949000 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| QUALCOMM INC | COM | 747525103 |  | 4777800 | 30000 | SH | Put | SOLE | 0 | 0 | 0 | 30000 |
| QUANTUM COMPUTING INC | COM | 74766W108 |  | 11854728 | 618400 | SH | Put | SOLE | 0 | 0 | 0 | 618400 |
| RECURSION PHARMACEUTICALS IN | CL A | 75629V104 |  | 429594 | 84900 | SH | Put | SOLE | 0 | 0 | 0 | 84900 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 2625000 | 5000 | SH | Put | SOLE | 0 | 0 | 0 | 5000 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 4932200 | 20000 | SH | Put | SOLE | 0 | 0 | 0 | 20000 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 797208 | 2400 | SH | Put | SOLE | 0 | 0 | 0 | 2400 |
| ROKU INC | COM CL A | 77543R102 |  | 6591750 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| RTX CORPORATION | COM | 75513E101 |  | 7301000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| SALESFORCE INC | COM | 79466L302 |  | 3408625 | 12500 | SH | Put | SOLE | 0 | 0 | 0 | 12500 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 7216500 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| SOUTHERN CO | COM | 842587107 |  | 9183000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 24714000 | 40000 | SH | Put | SOLE | 0 | 0 | 0 | 40000 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 5939000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 16986750 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| TESLA INC | COM | 88160R101 |  | 49237300 | 155000 | SH | Put | SOLE | 0 | 0 | 0 | 155000 |
| TG THERAPEUTICS INC | COM | 88322Q108 |  | 3599000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| THE CIGNA GROUP | COM | 125523100 |  | 16529000 | 50000 | SH | Put | SOLE | 0 | 0 | 0 | 50000 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 377036 | 20900 | SH | Put | SOLE | 0 | 0 | 0 | 20900 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 9330000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 7963000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1564570 | 15500 | SH | Put | SOLE | 0 | 0 | 0 | 15500 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 11636481 | 37300 | SH | Put | SOLE | 0 | 0 | 0 | 37300 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 5440500 | 75000 | SH | Put | SOLE | 0 | 0 | 0 | 75000 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 3629340 | 27000 | SH | Put | SOLE | 0 | 0 | 0 | 27000 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 |  | 2337000 | 150000 | SH | Put | SOLE | 0 | 0 | 0 | 150000 |
| VIKING THERAPEUTICS INC | COM | 92686J106 |  | 1423050 | 53700 | SH | Put | SOLE | 0 | 0 | 0 | 53700 |
| WALMART INC | COM | 931142103 |  | 5465902 | 55900 | SH | Put | SOLE | 0 | 0 | 0 | 55900 |
| WHIRLPOOL CORP | COM | 963320106 |  | 10142000 | 100000 | SH | Put | SOLE | 0 | 0 | 0 | 100000 |

---