# EDGAR Filing Document

**Accession Number:** 0001024896
**File Stem:** 0000929638-26-000656
**Filing Date:** 2026-2
**Character Count:** 26658
**Document Hash:** 0d2046d7cc4112a984fac4b9b2e3e101
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-26-000656.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0000929638-26-000656

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CANTOR FITZGERALD, L. P.
- **CENTRAL INDEX KEY:** 0001024896

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22122
- **FILM NUMBER:** 26640162

**BUSINESS ADDRESS:**
- **STREET 1:** 110 EAST 59TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 2126102000

**MAIL ADDRESS:**
- **STREET 1:** 110 EAST 59TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANTOR FITZGERALD L P
- **DATE OF NAME CHANGE:** 19961015

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** CANTOR FITZGERALD L. P.<br>**Address:** 110 EAST 59TH STREET<br>NEW YORK, NY 10022

**Form 13F File Number:** 028-22122

**CRD Number (if applicable):** 000159296

**SEC File Number (if applicable):** 801-72852

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:** Danny Salinas<br>**Title:** Chief Financial Officer<br>**Phone:** 212-294-7849

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

/s/ Danny Salinas  New York, NY  02-17-2026<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 3

**Form 13F Information Table Entry Total:** 216

**Form 13F Information Table Value Total:** $6591106963

      (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.]

|   No. | Name                                       | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Cantor Fitzgerald Investment Advisors L.P. | 028-18098              |    000159296 | 801-72852         |
|     2 | Smith Group Asset Management LLC           | 028-21401              |    000106301 | 801-50835         |

### 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 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 1659810 | 21768 | SH |  | DFND | 3 | 0 | 21768 | 0 |
| AARDVARK THERAPEUTICS INC | COM | 002942100 |  | 328125 | 25000 | SH |  | DFND | 1 | 0 | 25000 | 0 |
| AARDVARK THERAPEUTICS INC | COM | 002942100 |  | 875201 | 66682 | SH |  | DFND |  | 0 | 66682 | 0 |
| ADC THERAPEUTICS SA | SHS | H0036K147 |  | 353000 | 100000 | SH |  | DFND | 1 | 0 | 100000 | 0 |
| ADECOAGRO S A | COM | L00849106 |  | 396500 | 50000 | SH |  | DFND | 1 | 0 | 50000 | 0 |
| ADOBE INC | COM | 00724F101 |  | 19021957 | 54350 | SH |  | DFND | 4 | 0 | 54350 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 214160000 | 1000000 | SH | Put | DFND | 4 | 0 | 1000000 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 99728316 | 465672 | SH |  | DFND | 4 | 0 | 465672 | 0 |
| AEYE INC | CL A NEW | 008183204 |  | 210128 | 114200 | SH |  | DFND |  | 0 | 114200 | 0 |
| ALIGHT INC | COM CL A | 01626W101 |  | 4873031 | 2498990 | SH |  | DFND | 1 | 0 | 2498990 | 0 |
| ALPHA COGNITION INC | COM NEW | 02074J501 |  | 1062302 | 163431 | SH |  | DFND | 1 | 0 | 163431 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 50634768 | 161360 | SH |  | DFND | 4 | 0 | 161360 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 75253091 | 326025 | SH |  | DFND | 4 | 0 | 326025 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 984953 | 64250 | SH |  | DFND | 4 | 0 | 64250 | 0 |
| AMERICAN AXLE  MFG HLDGS IN | COM | 024061103 |  | 340595 | 53135 | SH |  | DFND | 3 | 0 | 53135 | 0 |
| AMICUS THERAPEUTICS INC | COM | 03152W109 |  | 712000 | 50000 | SH |  | DFND | 1 | 0 | 50000 | 0 |
| AMPLIFY COMMODITY TRUST | BREAKWAVE DRY BU | 03210A107 |  | 553799 | 63147 | SH |  | DFND | 3 | 0 | 63147 | 0 |
| ANDRETTI ACQUISITION CORP II | ORD SHS CL A | G26745102 |  | 5711289 | 541868 | SH |  | DFND | 1 | 0 | 541868 | 0 |
| ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 |  | 4575016 | 53647 | SH |  | DFND | 3 | 0 | 53647 | 0 |
| APARTMENT INVT  MGMT CO | CL A | 03748R747 |  | 2108700 | 355000 | SH |  | DFND | 1 | 0 | 355000 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 522496 | 20800 | SH | Call | DFND | 1 | 0 | 20800 | 0 |
| APPLE INC | COM | 037833100 |  | 9276679 | 34123 | SH |  | DFND | 4 | 0 | 34123 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 4530100 | 34573 | SH |  | DFND | 4 | 0 | 34573 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 9338572 | 85432 | SH |  | DFND | 4 | 0 | 85432 | 0 |
| ASTRIA THERAPEUTICS INC | COM | 04635X102 |  | 2933168 | 224077 | SH |  | DFND | 1 | 0 | 224077 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 1457120 | 11152 | SH |  | DFND | 3 | 0 | 11152 | 0 |
| BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 |  | 218185 | 65521 | SH |  | DFND | 3 | 0 | 65521 | 0 |
| BARCLAYS BANK PLC | IPATH S 500 SH | 06748M196 |  | 464450 | 17500 | SH |  | DFND | 1 | 0 | 17500 | 0 |
| BED BATH  BEYOND INC | COM | 690370101 |  | 259350 | 47500 | SH | Call | DFND | 1 | 0 | 47500 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 9919295 | 19734 | SH |  | DFND | 4 | 0 | 19734 | 0 |
| BERTO ACQUISITION CORP | ORD SHS | G1051H101 |  | 4466001 | 440434 | SH |  | DFND | 1 | 0 | 440434 | 0 |
| BIGBEAR AI HLDGS INC | COM | 08975B109 |  | 2160000 | 400000 | SH | Put | DFND | 4 | 0 | 400000 | 0 |
| BIGBEAR AI HLDGS INC | COM | 08975B109 |  | 3682800 | 682000 | SH |  | DFND | 4 | 0 | 682000 | 0 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 11538750 | 425000 | SH | Call | DFND | 4 | 0 | 425000 | 0 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 139143750 | 5125000 | SH | Put | DFND | 4 | 0 | 5125000 | 0 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 37229926 | 1371268 | SH |  | DFND | 4 | 0 | 1371268 | 0 |
| BITMINE IMMERSION TECNOLOGIE | COM NEW | 09175A206 |  | 880284 | 32423 | SH |  | DFND | 1 | 0 | 32423 | 0 |
| BLAIZE HLDGS INC | COM | 092915107 |  | 1500000 | 769231 | SH |  | DFND | 1 | 0 | 769231 | 0 |
| BLOCK INC | CL A | 852234103 |  | 781666 | 12009 | SH |  | DFND | 4 | 0 | 12009 | 0 |
| BLUE ACQUISITION CORP. | RIGHT 06/11/2030 | G1331A116 |  | 210723 | 702409 | SH |  | DFND | 1 | 0 | 702409 | 0 |
| BLUE FOUNDRY BANCORP | COM | 09549B104 |  | 287804 | 23154 | SH |  | DFND | 1 | 0 | 23154 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 |  | 209160 | 14000 | SH |  | DFND | 3 | 0 | 14000 | 0 |
| BLUE WTR ACQUISITION CORP. I | ORD SHS CL A | G1368E106 |  | 669768 | 64900 | SH |  | DFND | 1 | 0 | 64900 | 0 |
| BLUEROCK ACQUISITION CORP | UNIT 11/06/2030 | G1352R121 |  | 350000 | 35000 | SH |  | DFND | 1 | 0 | 35000 | 0 |
| BOEING CO | COM | 097023105 |  | 11986761 | 55208 | SH |  | DFND | 4 | 0 | 55208 | 0 |
| BOLD EAGLE ACQUISITION CORP | CL A | G2003N105 |  | 550604 | 52042 | SH |  | DFND | 1 | 0 | 52042 | 0 |
| BRAEMAR HOTELS  RESORTS INC | COM | 10482B101 |  | 287000 | 100000 | SH | Call | DFND | 1 | 0 | 100000 | 0 |
| BRAZIL POTASH CORP | COMMON SHARES | 10586A108 |  | 1136175 | 601151 | SH |  | DFND | 1 | 0 | 601151 | 0 |
| BRERA HOLDINGS PLC | COM CL B NEW | G13311116 |  | 327250 | 175000 | SH |  | DFND | 1 | 0 | 175000 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 121135000 | 350000 | SH | Put | DFND | 4 | 0 | 350000 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 126342421 | 365046 | SH |  | DFND | 4 | 0 | 365046 | 0 |
| BTC DEV CORP | ORD SHS CL A | G0701G109 |  | 981470 | 98000 | SH |  | DFND | 1 | 0 | 98000 | 0 |
| BULLISH | ORD SHS | G16910120 |  | 585092 | 15450 | SH |  | DFND | 4 | 0 | 15450 | 0 |
| CANNAE HLDGS INC | COM | 13765N107 |  | 1179750 | 75000 | SH |  | DFND | 1 | 0 | 75000 | 0 |
| CARTESIAN GROWTH CORP III | COM CL A | G19307100 |  | 7300127 | 709439 | SH |  | DFND | 1 | 0 | 709439 | 0 |
| CARTESIAN GROWTH CORP III | *W EXP 05/02/203 | G19307126 |  | 206923 | 2658586 | SH |  | DFND | 1 | 0 | 2658586 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 2301470 | 39214 | SH |  | DFND | 3 | 0 | 39214 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 766640 | 20720 | SH |  | DFND | 3 | 0 | 20720 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 456210 | 12330 | SH |  | DFND | 4 | 0 | 12330 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 9912500 | 125000 | SH | Call | DFND | 4 | 0 | 125000 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 62306010 | 785700 | SH | Put | DFND | 4 | 0 | 785700 | 0 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 57495751 | 725041 | SH |  | DFND | 4 | 0 | 725041 | 0 |
| CLOUDFLARE INC | NOTE 8/1 | 18915MAC1 |  | 2929688 | 2500000 | SH |  | DFND | 1 | 0 | 2500000 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 8202333 | 30036 | SH |  | DFND | 1 | 0 | 30036 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 4650343 | 20564 | SH |  | DFND | 4 | 0 | 20564 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 33921000 | 150000 | SH | Call | DFND | 1 | 0 | 150000 | 0 |
| CONFLUENT INC | CLASS A COM | 20717M103 |  | 4536000 | 150000 | SH |  | DFND | 1 | 0 | 150000 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 26853750 | 375000 | SH | Call | DFND | 4 | 0 | 375000 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 26853750 | 375000 | SH | Put | DFND | 4 | 0 | 375000 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 4533343 | 63306 | SH |  | DFND | 4 | 0 | 63306 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 4307500 | 125000 | SH | Put | DFND | 4 | 0 | 125000 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 5123892 | 148691 | SH |  | DFND | 4 | 0 | 148691 | 0 |
| D-WAVE QUANTUM INC | COM | 26740W109 |  | 27457500 | 1050000 | SH | Call | DFND | 4 | 0 | 1050000 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 13808563 | 12849 | SH |  | DFND | 4 | 0 | 12849 | 0 |
| ENTRADA THERAPEUTICS INC | COM | 29384C108 |  | 585960 | 57000 | SH |  | DFND | 1 | 0 | 57000 | 0 |
| EQUILLIUM INC | COM | 29446K106 |  | 872097 | 562643 | SH |  | DFND | 1 | 0 | 562643 | 0 |
| ETF OPPORTUNITIES TRUST | TUTTLE CAP MAGNN | 26923W835 |  | 372734 | 15000 | SH |  | DFND | 1 | 0 | 15000 | 0 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 1479323 | 14566 | SH |  | DFND | 1 | 0 | 14566 | 0 |
| FERMI INC | COM | 314911108 |  | 260000 | 32500 | SH |  | DFND | 1 | 0 | 32500 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 5212466 | 13926 | SH |  | DFND | 3 | 0 | 13926 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 97645370 | 1280931 | SH |  | DFND | 4 | 0 | 1280931 | 0 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 2541160 | 68000 | SH |  | DFND | 4 | 0 | 68000 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 4682724 | 123003 | SH |  | DFND | 1 | 0 | 123003 | 0 |
| GALAXY DIGITAL INC. | CL A | 36317J209 |  | 514280 | 23000 | SH |  | DFND | 4 | 0 | 23000 | 0 |
| GCM GROSVENOR INC | COM CL A | 36831E108 |  | 73031376 | 6451535 | SH |  | DFND |  | 0 | 6451535 | 0 |
| GIGCAPITAL7 CORP | ORD SHS CL A | G38648104 |  | 263500 | 25000 | SH |  | DFND | 1 | 0 | 25000 | 0 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 1035215 | 207458 | SH |  | DFND | 3 | 0 | 207458 | 0 |
| HENNESSY CAP INVT CORP VII | ORD SHS CL A | G4405D107 |  | 927257 | 89590 | SH |  | DFND | 1 | 0 | 89590 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 644500 | 50000 | SH | Call | DFND | 1 | 0 | 50000 | 0 |
| HIMS  HERS HEALTH INC | COM CL A | 433000106 |  | 39775750 | 1225000 | SH | Put | DFND | 4 | 0 | 1225000 | 0 |
| HIMS  HERS HEALTH INC | COM CL A | 433000106 |  | 47128452 | 1451446 | SH |  | DFND | 4 | 0 | 1451446 | 0 |
| HUDSON PAC PPTYS INC | COM | 444097406 |  | 243675 | 22500 | SH |  | DFND | 1 | 0 | 22500 | 0 |
| IMMUNOCORE HLDGS PLC | ADS | 45258D105 |  | 1752855 | 50500 | SH | Call | DFND | 1 | 0 | 50500 | 0 |
| INTEL CORP | COM | 458140100 |  | 73800000 | 2000000 | SH | Put | DFND | 4 | 0 | 2000000 | 0 |
| INTEL CORP | COM | 458140100 |  | 94310902 | 2555851 | SH |  | DFND | 4 | 0 | 2555851 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 21500850 | 35000 | SH |  | DFND | 4 | 0 | 35000 | 0 |
| IONQ INC | COM | 46222L108 |  | 15704500 | 350000 | SH | Call | DFND | 4 | 0 | 350000 | 0 |
| IONQ INC | COM | 46222L108 |  | 84131250 | 1875000 | SH | Put | DFND | 4 | 0 | 1875000 | 0 |
| IONQ INC | COM | 46222L108 |  | 88181844 | 1965274 | SH |  | DFND | 4 | 0 | 1965274 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 189794250 | 5025000 | SH | Put | DFND | 4 | 0 | 5025000 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 131058274 | 3469904 | SH |  | DFND | 4 | 0 | 3469904 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 30985473 | 624078 | SH |  | DFND | 4 | 0 | 624078 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 49650000 | 1000000 | SH | Call | DFND | 1 | 0 | 1000000 | 0 |
| ISHARES ETHEREUM TR | SHS | 46438R105 |  | 2442649 | 108901 | SH |  | DFND | 4 | 0 | 108901 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 4019057 | 22179 | SH |  | DFND | 4 | 0 | 22179 | 0 |
| JUMIA TECHNOLOGIES AG | SPONSORED ADS | 48138M105 |  | 1249000 | 100000 | SH | Call | DFND | 1 | 0 | 100000 | 0 |
| KATAPULT HOLDINGS INC | COM NEW | 485859201 |  | 1055067 | 163323 | SH |  | DFND | 1 | 0 | 163323 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 1320119 | 38770 | SH |  | DFND | 3 | 0 | 38770 | 0 |
| LEMONADE INC | COM | 52567D107 |  | 3022801 | 42467 | SH |  | DFND | 4 | 0 | 42467 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 3644987 | 17540 | SH |  | DFND | 4 | 0 | 17540 | 0 |
| M3BRIGADE ACQUISITION V CORP | CL A | G63212107 |  | 82699965 | 7779865 | SH |  | DFND | 1 | 0 | 7779865 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 2517094 | 280300 | SH |  | DFND | 4 | 0 | 280300 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 6365002 | 74900 | SH |  | DFND | 4 | 0 | 74900 | 0 |
| MESHFLOW ACQUISITION CORP | UNIT 11/19/2030 | G6032N127 |  | 291000 | 29100 | SH |  | DFND | 1 | 0 | 29100 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 6018167 | 12444 | SH |  | DFND | 4 | 0 | 12444 | 0 |
| MINERALYS THERAPEUTICS INC | COM | 603170101 |  | 642333 | 17700 | SH | Call | DFND | 1 | 0 | 17700 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 4041600 | 80000 | SH | Put | DFND | 4 | 0 | 80000 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 4595653 | 90967 | SH |  | DFND | 4 | 0 | 90967 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 18752000 | 200000 | SH | Put | DFND | 4 | 0 | 200000 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 52312736 | 557943 | SH |  | DFND | 4 | 0 | 557943 | 0 |
| NEW AMER ACQUISITION I CORP | UNIT 99/99/9999 | 023634207 |  | 520500 | 50000 | SH |  | DFND | 3 | 0 | 50000 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 30528000 | 600000 | SH | Put | DFND | 4 | 0 | 600000 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 29318430 | 576227 | SH |  | DFND | 4 | 0 | 576227 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 215946 | 12900 | SH |  | DFND | 4 | 0 | 12900 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 848575000 | 4550000 | SH | Put | DFND | 4 | 0 | 4550000 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 559578144 | 3000419 | SH |  | DFND | 4 | 0 | 3000419 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 47361600 | 660000 | SH | Put | DFND | 4 | 0 | 660000 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 56747880 | 790801 | SH |  | DFND | 4 | 0 | 790801 | 0 |
| ONDAS HLDGS INC | COM NEW | 68236H204 |  | 3569720 | 365750 | SH |  | DFND | 4 | 0 | 365750 | 0 |
| ONKURE THERAPEUTICS INC | COM CL A | 68277Q105 |  | 1290726 | 445078 | SH |  | DFND | 1 | 0 | 445078 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 97455000 | 500000 | SH | Put | DFND | 4 | 0 | 500000 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 141575217 | 726362 | SH |  | DFND | 4 | 0 | 726362 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 3546775 | 246818 | SH |  | DFND | 4 | 0 | 246818 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 5012167 | 28198 | SH |  | DFND | 3 | 0 | 28198 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 40882500 | 230000 | SH | Call | DFND | 4 | 0 | 230000 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 22218750 | 125000 | SH | Put | DFND | 4 | 0 | 125000 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 5647572 | 30660 | SH |  | DFND | 3 | 0 | 30660 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 16057419 | 275050 | SH |  | DFND | 4 | 0 | 275050 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 5669500 | 50000 | SH | Put | DFND | 4 | 0 | 50000 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 12371983 | 109110 | SH |  | DFND | 4 | 0 | 109110 | 0 |
| PELTHOS THERAPEUTICS INC | COM SHS | 171126204 |  | 1084690 | 34990 | SH |  | DFND | 1 | 0 | 34990 | 0 |
| PHUNWARE INC | COM NEW | 71948P209 |  | 231250 | 125000 | SH |  | DFND | 1 | 0 | 125000 | 0 |
| PROCAP ACQUISITION CORP | SHS CL A | G7257A105 |  | 739166 | 72968 | SH |  | DFND | 1 | 0 | 72968 | 0 |
| PROSHARES TR | ETHER ETF | 74349Y100 |  | 848160 | 22800 | SH | Call | DFND | 1 | 0 | 22800 | 0 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 13939852 | 1622800 | SH | Call | DFND | 1 | 0 | 1622800 | 0 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 2883620 | 335695 | SH |  | DFND | 1 | 0 | 335695 | 0 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 8336000 | 800000 | SH | Put | DFND | 4 | 0 | 800000 | 0 |
| QUANTUMSCAPE CORP | COM CL A | 74767V109 |  | 9430611 | 905049 | SH |  | DFND | 4 | 0 | 905049 | 0 |
| REAL ASSET ACQUISITION CORP | SHS CL A | G73944103 |  | 264180 | 25900 | SH |  | DFND | 1 | 0 | 25900 | 0 |
| REPUBLIC DIGITAL ACQUISITION | USD CL A ORD SHS | G7515A103 |  | 552218 | 54540 | SH |  | DFND | 1 | 0 | 54540 | 0 |
| RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 |  | 50391250 | 2275000 | SH | Call | DFND | 4 | 0 | 2275000 | 0 |
| RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 |  | 56482500 | 2550000 | SH | Put | DFND | 4 | 0 | 2550000 | 0 |
| RIGETTI COMPUTING INC | COMMON STOCK | 76655K103 |  | 5536193 | 249941 | SH |  | DFND | 4 | 0 | 249941 | 0 |
| RIOT PLATFORMS INC | COM | 767292105 |  | 8615600 | 680000 | SH | Put | DFND | 4 | 0 | 680000 | 0 |
| RIOT PLATFORMS INC | COM | 767292105 |  | 7581006 | 598343 | SH |  | DFND | 4 | 0 | 598343 | 0 |
| RIVERNORTH CAP AND INCM FD I | COM | 76882B108 |  | 1190415 | 82898 | SH |  | DFND | 1 | 0 | 82898 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 1236073 | 62713 | SH |  | DFND | 3 | 0 | 62713 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 2827500 | 25000 | SH | Call | DFND | 4 | 0 | 25000 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 149857500 | 1325000 | SH | Put | DFND | 4 | 0 | 1325000 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 82380796 | 728389 | SH |  | DFND | 4 | 0 | 728389 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 16206000 | 200000 | SH | Put | DFND | 4 | 0 | 200000 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 17522656 | 216249 | SH |  | DFND | 4 | 0 | 216249 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 10464000 | 150000 | SH | Call | DFND | 4 | 0 | 150000 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 106732800 | 1530000 | SH | Put | DFND | 4 | 0 | 1530000 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 70273922 | 1007367 | SH |  | DFND | 4 | 0 | 1007367 | 0 |
| RUMBLE INC | COM CL A | 78137L105 |  | 58941616 | 9326205 | SH |  | DFND |  | 0 | 9326205 | 0 |
| RUMBLE INC | *W EXP 09/16/202 | 78137L113 |  | 1067000 | 550000 | SH |  | DFND |  | 0 | 550000 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 11010984 | 41565 | SH |  | DFND | 4 | 0 | 41565 | 0 |
| SATELLOGIC INC | COM CL A | 80401C100 |  | 21136253 | 11302809 | SH |  | DFND |  | 0 | 11302809 | 0 |
| SATELLOGIC INC | COM CL A | 80401C100 |  | 3885980 | 2078064 | SH |  | DFND | 1 | 0 | 2078064 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 4847310 | 117000 | SH |  | DFND | 1 | 0 | 117000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 40248000 | 260000 | SH |  | DFND | 4 | 0 | 260000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 37040581 | 828463 | SH |  | DFND | 4 | 0 | 828463 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 1556070 | 28411 | SH |  | DFND | 4 | 0 | 28411 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 23035200 | 160000 | SH |  | DFND | 4 | 0 | 160000 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 7659500 | 50000 | SH | Put | DFND | 4 | 0 | 50000 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 12555299 | 81959 | SH |  | DFND | 4 | 0 | 81959 | 0 |
| SHARPLINK GAMING INC | COM NEW | 820014405 |  | 10258650 | 1147500 | SH | Call | DFND | 1 | 0 | 1147500 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 34034000 | 1300000 | SH | Put | DFND | 4 | 0 | 1300000 | 0 |
| SONO GROUP N V | SHS NEW | N81409125 |  | 699192 | 99600 | SH |  | DFND | 1 | 0 | 99600 | 0 |
| SOULPOWER ACQUISITION CORP | USD CL A ORD SHS | G82745103 |  | 1522500 | 150000 | SH |  | DFND | 1 | 0 | 150000 | 0 |
| SOUNDHOUND AI INC | CLASS A COM | 836100107 |  | 4985000 | 500000 | SH | Put | DFND | 4 | 0 | 500000 | 0 |
| SOUNDHOUND AI INC | CLASS A COM | 836100107 |  | 7729243 | 775250 | SH |  | DFND | 4 | 0 | 775250 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 904668 | 10743 | SH |  | DFND | 3 | 0 | 10743 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 26591250 | 175000 | SH | Call | DFND | 4 | 0 | 175000 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 125358750 | 825000 | SH | Put | DFND | 4 | 0 | 825000 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 369327087 | 2430583 | SH |  | DFND | 4 | 0 | 2430583 | 0 |
| STRIVE INC | CL A COM | 862945102 |  | 720599 | 976421 | SH |  | DFND | 1 | 0 | 976421 | 0 |
| SUI GROUP HOLDINGS LIMITED | COM NEW | 59982U200 |  | 2374726 | 1430558 | SH |  | DFND | 1 | 0 | 1430558 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 39514500 | 1350000 | SH | Put | DFND | 4 | 0 | 1350000 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 45260260 | 1546302 | SH |  | DFND | 4 | 0 | 1546302 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 6842083 | 22515 | SH |  | DFND | 4 | 0 | 22515 | 0 |
| TALPHERA INC | COM NEW | 00444T209 |  | 658339 | 577490 | SH |  | DFND | 1 | 0 | 577490 | 0 |
| TANGO THERAPEUTICS INC | COM | 87583X109 |  | 221500 | 25000 | SH |  | DFND | 1 | 0 | 25000 | 0 |
| TERRESTRIAL ENERGY INC | COM SHS | 881454102 |  | 3360500 | 550000 | SH |  | DFND | 1 | 0 | 550000 | 0 |
| TERRESTRIAL ENERGY INC | *W EXP 10/28/203 | 881454110 |  | 5459000 | 2575000 | SH |  | DFND | 1 | 0 | 2575000 | 0 |
| TESLA INC | COM | 88160R101 |  | 89944000 | 200000 | SH | Call | DFND | 4 | 0 | 200000 | 0 |
| TESLA INC | COM | 88160R101 |  | 112430000 | 250000 | SH | Put | DFND | 4 | 0 | 250000 | 0 |
| TESLA INC | COM | 88160R101 |  | 84268983 | 187381 | SH |  | DFND | 4 | 0 | 187381 | 0 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 9930000 | 750000 | SH | Put | DFND | 4 | 0 | 750000 | 0 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 15223431 | 1149806 | SH |  | DFND | 4 | 0 | 1149806 | 0 |
| TWENTY ONE CAP INC | COM SHS CL A | 90138L109 |  | 11826000 | 1350000 | SH |  | DFND | 1 | 0 | 1350000 | 0 |
| TWENTY ONE CAP INC | COM SHS CL A | 90138L109 |  | 38017060 | 4339847 | SH |  | DFND |  | 0 | 4339847 | 0 |
| UNICYCIVE THERAPEUTICS INC | COM NEW | 90466Y202 |  | 1154000 | 200000 | SH |  | DFND | 1 | 0 | 200000 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 5432319 | 23484 | SH |  | DFND | 3 | 0 | 23484 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 90516162 | 274200 | SH | Put | DFND | 4 | 0 | 274200 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 89047173 | 269750 | SH |  | DFND | 4 | 0 | 269750 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 7408984 | 86382 | SH |  | DFND | 3 | 0 | 86382 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 4010455 | 18936 | SH |  | DFND | 4 | 0 | 18936 | 0 |
| VERASTEM INC | COM NEW | 92337C203 |  | 326178 | 42251 | SH |  | DFND | 1 | 0 | 42251 | 0 |
| VINE HILL CAP INVT CORP. | ORD SHS CL A | G93Y09107 |  | 3881422 | 360392 | SH |  | DFND | 1 | 0 | 360392 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 3885000 | 500000 | SH | Put | DFND | 4 | 0 | 500000 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 8387404 | 1079460 | SH |  | DFND | 4 | 0 | 1079460 | 0 |
| WEN ACQUISITION CORP | UNIT 05/16/2030 | G9R39C129 |  | 255750 | 25000 | SH |  | DFND | 1 | 0 | 25000 | 0 |
| XBP GLOBAL HOLDINGS INC | COM NEW | 98400V200 |  | 1393653 | 204648 | SH |  | DFND | 1 | 0 | 204648 | 0 |
| XBP GLOBAL HOLDINGS INC | COM NEW | 98400V200 |  | 4129856 | 606440 | SH |  | DFND |  | 0 | 606440 | 0 |

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