# EDGAR Filing Document

**Accession Number:** 0001666335
**File Stem:** 0001666335-26-000002
**Filing Date:** 2026-2
**Character Count:** 27661
**Document Hash:** c935166657285612d2eb5cd82f9364c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001666335-26-000002.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001666335-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rokos Capital Management LLP
- **CENTRAL INDEX KEY:** 0001666335

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19229
- **FILM NUMBER:** 26629924

**BUSINESS ADDRESS:**
- **STREET 1:** 23 SAVILE ROW
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1S 2ET
- **BUSINESS PHONE:** 02036689000

**MAIL ADDRESS:**
- **STREET 1:** 23 SAVILE ROW
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1S 2ET

### 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:** Rokos Capital Management LLP<br>**Address:** 23 SAVILE ROW<br>LONDON, X0 W1S 2ET

**Form 13F File Number:** 028-19229

**CRD Number (if applicable):** 000281121

**SEC File Number (if applicable):** 801-126230

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:** Richard Nikolas Holttum<br>**Title:** Chief Compliance Officer<br>**Phone:** 00442039064796

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

Richard Nikolas Holttum  London United Kingdom, X0  02-13-2026<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:** 1

**Form 13F Information Table Entry Total:** 234

**Form 13F Information Table Value Total:** $25660594992

      (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   |
|:---|:---|:---|
|  | Rokos Capital Management (US) LP | 028-20930              |

### 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 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 111884183 | 377700 | SH | Call | OTR | 1 | 0 | 377700 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 18499800 | 120000 | SH | Call | OTR | 1 | 0 | 120000 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 5120365 | 87700 | SH | Call | OTR | 1 | 0 | 87700 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 9167200 | 16000 | SH | Call | OTR | 1 | 0 | 16000 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1375080 | 2400 | SH | Call | OTR | 1 | 0 | 2400 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 11282483 | 61500 | SH | Call | OTR | 1 | 0 | 61500 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4834500 | 15000 | SH | Call | OTR | 1 | 0 | 15000 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4834500 | 15000 | SH | Put | OTR | 1 | 0 | 15000 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1734900 | 10000 | SH | Call | OTR | 1 | 0 | 10000 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 5499500 | 100000 | SH | Call | OTR | 1 | 0 | 100000 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 10449050 | 190000 | SH | Call | OTR | 1 | 0 | 190000 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 9640624 | 175300 | SH | Call | OTR | 1 | 0 | 175300 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 9640624 | 175300 | SH | Put | OTR | 1 | 0 | 175300 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 10009090 | 182000 | SH | Put | OTR | 1 | 0 | 182000 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 9437142 | 171600 | SH | Call | OTR | 1 | 0 | 171600 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 9437142 | 171600 | SH | Put | OTR | 1 | 0 | 171600 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 34453000 | 200000 | SH | Call | OTR | 1 | 0 | 200000 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 30146375 | 175000 | SH | Call | OTR | 1 | 0 | 175000 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 13781200 | 80000 | SH | Put | OTR | 1 | 0 | 80000 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 13781200 | 80000 | SH | Call | OTR | 1 | 0 | 80000 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 10546140 | 28500 | SH | Put | OTR | 1 | 0 | 28500 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 10546140 | 28500 | SH | Call | OTR | 1 | 0 | 28500 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 18790450 | 370000 | SH | Put | OTR | 1 | 0 | 370000 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 18790450 | 370000 | SH | Call | OTR | 1 | 0 | 370000 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 101570000 | 2000000 | SH | Call | OTR | 1 | 0 | 2000000 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 83499227 | 428300 | SH | Put | OTR | 1 | 0 | 428300 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 81881100 | 420000 | SH | Put | OTR | 1 | 0 | 420000 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 77397135 | 397000 | SH | Call | OTR | 1 | 0 | 397000 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 81881100 | 420000 | SH | Call | OTR | 1 | 0 | 420000 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 80223983 | 411500 | SH | Put | OTR | 1 | 0 | 411500 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 83499227 | 428300 | SH | Call | OTR | 1 | 0 | 428300 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 80223983 | 411500 | SH | Call | OTR | 1 | 0 | 411500 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 77397135 | 397000 | SH | Put | OTR | 1 | 0 | 397000 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 77982000 | 400000 | SH | Call | OTR | 1 | 0 | 400000 | 0 |
| WALMART INC | COM | 931142103 |  | 25623150 | 230000 | SH | Put | OTR | 1 | 0 | 230000 | 0 |
| WALMART INC | COM | 931142103 |  | 25623150 | 230000 | SH | Call | OTR | 1 | 0 | 230000 | 0 |
| WALMART INC | COM | 931142103 |  | 27851250 | 250000 | SH | Call | OTR | 1 | 0 | 250000 | 0 |
| WALMART INC | COM | 931142103 |  | 27851250 | 250000 | SH | Put | OTR | 1 | 0 | 250000 | 0 |
| WALMART INC | COM | 931142103 |  | 50132250 | 450000 | SH | Call | OTR | 1 | 0 | 450000 | 0 |
| WALMART INC | COM | 931142103 |  | 50132250 | 450000 | SH | Put | OTR | 1 | 0 | 450000 | 0 |
| RIVIAN AUTOMOTIVE INC | NOTE  4.625% 3/1 | 76954AAB9 |  | 31312500 | 25000 | PRN |  | OTR | 1 | 0 | 25000 | 0 |
| STRATEGY INC | NOTE  0.875% 3/1 | 594972AL5 |  | 6745700 | 6500 | PRN |  | OTR | 1 | 0 | 6500 | 0 |
| STRATEGY INC | NOTE  2.250% 6/1 | 594972AN1 |  | 9568025 | 8500 | PRN |  | OTR | 1 | 0 | 8500 | 0 |
| FORTUNA MNG CORP | NOTE  3.750% 6/3 | 349915AE8 |  | 25823438 | 15000 | PRN |  | OTR | 1 | 0 | 15000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 128697750 | 2350000 | SH | Call | OTR | 1 | 0 | 2350000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 21347500 | 500000 | SH | Put | OTR | 1 | 0 | 500000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 21347500 | 500000 | SH | Call | OTR | 1 | 0 | 500000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 35332750 | 790000 | SH | Call | OTR | 1 | 0 | 790000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 35780000 | 800000 | SH | Call | OTR | 1 | 0 | 800000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 35332750 | 790000 | SH | Put | OTR | 1 | 0 | 790000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 35780000 | 800000 | SH | Put | OTR | 1 | 0 | 800000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 128697750 | 2350000 | SH | Call | OTR | 1 | 0 | 2350000 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 5047372 | 111335 | SH |  | OTR | 1 | 0 | 111335 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 256588514 | 1657495 | SH |  | OTR | 1 | 0 | 1657495 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 33900504 | 436328 | SH |  | OTR | 1 | 0 | 436328 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 245682000 | 400000 | SH | Call | OTR | 1 | 0 | 400000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 98272800 | 160000 | SH | Call | OTR | 1 | 0 | 160000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 30710250 | 50000 | SH | Put | OTR | 1 | 0 | 50000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 245682000 | 400000 | SH | Put | OTR | 1 | 0 | 400000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2026876500 | 3300000 | SH | Put | OTR | 1 | 0 | 3300000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 98272800 | 160000 | SH | Put | OTR | 1 | 0 | 160000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1474092000 | 2400000 | SH | Put | OTR | 1 | 0 | 2400000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 982728000 | 1600000 | SH | Put | OTR | 1 | 0 | 1600000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 491364000 | 800000 | SH | Put | OTR | 1 | 0 | 800000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 982728000 | 1600000 | SH | Put | OTR | 1 | 0 | 1600000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 491364000 | 800000 | SH | Call | OTR | 1 | 0 | 800000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 491364000 | 800000 | SH | Put | OTR | 1 | 0 | 800000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 491364000 | 800000 | SH | Call | OTR | 1 | 0 | 800000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 491364000 | 800000 | SH | Put | OTR | 1 | 0 | 800000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 503648100 | 820000 | SH | Call | OTR | 1 | 0 | 820000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 491364000 | 800000 | SH | Call | OTR | 1 | 0 | 800000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 491364000 | 800000 | SH | Put | OTR | 1 | 0 | 800000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 506719125 | 825000 | SH | Call | OTR | 1 | 0 | 825000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 506719125 | 825000 | SH | Put | OTR | 1 | 0 | 825000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 506719125 | 825000 | SH | Call | OTR | 1 | 0 | 825000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 506719125 | 825000 | SH | Call | OTR | 1 | 0 | 825000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 982728000 | 1600000 | SH | Put | OTR | 1 | 0 | 1600000 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 418922206 | 682056 | SH |  | OTR | 1 | 0 | 682056 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 127100000 | 4000000 | SH | Call | OTR | 1 | 0 | 4000000 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 209715000 | 6600000 | SH | Call | OTR | 1 | 0 | 6600000 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 158875000 | 5000000 | SH | Call | OTR | 1 | 0 | 5000000 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 79437500 | 2500000 | SH | Call | OTR | 1 | 0 | 2500000 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 44485000 | 1400000 | SH | Call | OTR | 1 | 0 | 1400000 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 63550000 | 2000000 | SH | Call | OTR | 1 | 0 | 2000000 | 0 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 734311 | 10590 | SH |  | OTR | 1 | 0 | 10590 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 200705231 | 6316451 | SH |  | OTR | 1 | 0 | 6316451 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 246125000 | 1000000 | SH | Call | OTR | 1 | 0 | 1000000 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 384779 | 7035 | SH |  | OTR | 1 | 0 | 7035 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 234744125 | 1925000 | SH | Call | OTR | 1 | 0 | 1925000 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A714 |  | 31250729 | 366470 | SH |  | OTR | 1 | 0 | 366470 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 9994612 | 81960 | SH |  | OTR | 1 | 0 | 81960 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 64890612 | 442758 | SH |  | OTR | 1 | 0 | 442758 | 0 |
| APPLE INC | COM | 037833100 |  | 174932616 | 643312 | SH |  | OTR | 1 | 0 | 643312 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 6600300 | 10000 | SH | Call | OTR | 1 | 0 | 10000 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 8250375 | 12500 | SH | Put | OTR | 1 | 0 | 12500 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 137650577 | 208552 | SH |  | OTR | 1 | 0 | 208552 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 34185198 | 252952 | SH |  | OTR | 1 | 0 | 252952 | 0 |
| ADOBE INC | COM | 00724F101 |  | 15747525 | 45000 | SH | Put | OTR | 1 | 0 | 45000 | 0 |
| ADOBE INC | COM | 00724F101 |  | 9412821 | 26898 | SH |  | OTR | 1 | 0 | 26898 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 13056750 | 70000 | SH | Call | OTR | 1 | 0 | 70000 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 261135000 | 1400000 | SH | Call | OTR | 1 | 0 | 1400000 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 251808750 | 1350000 | SH | Call | OTR | 1 | 0 | 1350000 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 158546250 | 850000 | SH | Call | OTR | 1 | 0 | 850000 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 158546250 | 850000 | SH | Put | OTR | 1 | 0 | 850000 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 53607285 | 287400 | SH | Call | OTR | 1 | 0 | 287400 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 199189488 | 1067897 | SH |  | OTR | 1 | 0 | 1067897 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 12360738 | 48100 | SH | Call | OTR | 1 | 0 | 48100 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 91164683 | 354754 | SH |  | OTR | 1 | 0 | 354754 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 153092225 | 715000 | SH | Call | OTR | 1 | 0 | 715000 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 28905525 | 135000 | SH | Call | OTR | 1 | 0 | 135000 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 123116125 | 575000 | SH | Put | OTR | 1 | 0 | 575000 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 51815830 | 242000 | SH | Call | OTR | 1 | 0 | 242000 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 51815830 | 242000 | SH | Put | OTR | 1 | 0 | 242000 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 47721309 | 222877 | SH |  | OTR | 1 | 0 | 222877 | 0 |
| BOEING CO | COM | 097023105 |  | 49205450 | 226654 | SH |  | OTR | 1 | 0 | 226654 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 38863500 | 1300000 | SH |  | OTR | 1 | 0 | 1300000 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 14466656 | 59676 | SH |  | OTR | 1 | 0 | 59676 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 24143630 | 105433 | SH |  | OTR | 1 | 0 | 105433 | 0 |
| CORNING INC | COM | 219350105 |  | 36758911 | 419790 | SH |  | OTR | 1 | 0 | 419790 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 11896520 | 67000 | SH | Call | OTR | 1 | 0 | 67000 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 5095972 | 28700 | SH | Put | OTR | 1 | 0 | 28700 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2947496 | 16600 | SH | Call | OTR | 1 | 0 | 16600 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2947496 | 16600 | SH | Put | OTR | 1 | 0 | 16600 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 110968253 | 624962 | SH |  | OTR | 1 | 0 | 624962 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5622346 | 27167 | SH |  | OTR | 1 | 0 | 27167 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 5404572 | 20400 | SH | Put | OTR | 1 | 0 | 20400 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 7153110 | 27000 | SH | Put | OTR | 1 | 0 | 27000 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 3973950 | 15000 | SH | Put | OTR | 1 | 0 | 15000 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 16531632 | 62400 | SH |  | OTR | 1 | 0 | 62400 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 9621698 | 8950 | SH |  | OTR | 1 | 0 | 8950 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 2498498 | 14600 | SH | Call | OTR | 1 | 0 | 14600 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 15401700 | 90000 | SH | Call | OTR | 1 | 0 | 90000 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 13430454 | 78481 | SH |  | OTR | 1 | 0 | 78481 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 9671100 | 20000 | SH | Call | OTR | 1 | 0 | 20000 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 9671100 | 20000 | SH | Put | OTR | 1 | 0 | 20000 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2417775 | 5000 | SH | Put | OTR | 1 | 0 | 5000 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8558924 | 17700 | SH | Call | OTR | 1 | 0 | 17700 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 3143108 | 6500 | SH | Put | OTR | 1 | 0 | 6500 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 6963192 | 14400 | SH | Put | OTR | 1 | 0 | 14400 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 6963192 | 14400 | SH | Call | OTR | 1 | 0 | 14400 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5996082 | 12400 | SH | Put | OTR | 1 | 0 | 12400 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5996082 | 12400 | SH | Call | OTR | 1 | 0 | 12400 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1595732 | 3300 | SH | Call | OTR | 1 | 0 | 3300 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 9429323 | 19500 | SH | Call | OTR | 1 | 0 | 19500 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 9429323 | 19500 | SH | Put | OTR | 1 | 0 | 19500 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 285430428 | 590275 | SH |  | OTR | 1 | 0 | 590275 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 27281074 | 94493 | SH |  | OTR | 1 | 0 | 94493 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 21778574 | 529699 | SH |  | OTR | 1 | 0 | 529699 | 0 |
| PG CORP | NOTE  4.250%12/0 | 69331CAL2 |  | 15446250 | 15000 | PRN |  | OTR | 1 | 0 | 15000 | 0 |
| PG CORP | COM | 69331C108 |  | 80560416 | 5005307 | SH |  | OTR | 1 | 0 | 5005307 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 18544341 | 31997 | SH |  | OTR | 1 | 0 | 31997 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1615740 | 7000 | SH | Put | OTR | 1 | 0 | 7000 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4270170 | 18500 | SH | Call | OTR | 1 | 0 | 18500 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4616400 | 20000 | SH | Call | OTR | 1 | 0 | 20000 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 329359135 | 1426909 | SH |  | OTR | 1 | 0 | 1426909 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 4279487 | 45900 | SH | Call | OTR | 1 | 0 | 45900 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 4279487 | 45900 | SH | Put | OTR | 1 | 0 | 45900 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 6060275 | 65000 | SH | Call | OTR | 1 | 0 | 65000 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 6060275 | 65000 | SH | Put | OTR | 1 | 0 | 65000 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 8991677 | 96441 | SH |  | OTR | 1 | 0 | 96441 | 0 |
| INTEL CORP | COM | 458140100 |  | 36015611 | 975372 | SH |  | OTR | 1 | 0 | 975372 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 28540500 | 100000 | SH | Put | OTR | 1 | 0 | 100000 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 28540500 | 100000 | SH | Call | OTR | 1 | 0 | 100000 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 17980515 | 63000 | SH | Put | OTR | 1 | 0 | 63000 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 17980515 | 63000 | SH | Call | OTR | 1 | 0 | 63000 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 149837625 | 525000 | SH | Put | OTR | 1 | 0 | 525000 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 162607501 | 569743 | SH |  | OTR | 1 | 0 | 569743 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 12746153 | 14500 | SH | Call | OTR | 1 | 0 | 14500 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 6592838 | 7500 | SH | Call | OTR | 1 | 0 | 7500 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 6153315 | 7000 | SH | Call | OTR | 1 | 0 | 7000 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 87330484 | 99347 | SH |  | OTR | 1 | 0 | 99347 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 123195966 | 1055890 | SH |  | OTR | 1 | 0 | 1055890 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 82219800 | 539500 | SH |  | OTR | 1 | 0 | 539500 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 626000000 | 2000000 | SH | Put | OTR | 1 | 0 | 2000000 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1282797635 | 4098395 | SH |  | OTR | 1 | 0 | 4098395 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 13844800 | 40000 | SH | Call | OTR | 1 | 0 | 40000 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 17306000 | 50000 | SH | Call | OTR | 1 | 0 | 50000 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 51918000 | 150000 | SH | Call | OTR | 1 | 0 | 150000 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 51918000 | 150000 | SH | Put | OTR | 1 | 0 | 150000 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 394506192 | 1139796 | SH |  | OTR | 1 | 0 | 1139796 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 38275667 | 1033779 | SH |  | OTR | 1 | 0 | 1033779 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 2960269 | 96915 | SH |  | OTR | 1 | 0 | 96915 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 6923789 | 37616 | SH |  | OTR | 1 | 0 | 37616 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 37527857 | 286505 | SH |  | OTR | 1 | 0 | 286505 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 20457528 | 851510 | SH |  | OTR | 1 | 0 | 851510 | 0 |
| NUCOR CORP | COM | 670346105 |  | 29771847 | 182515 | SH |  | OTR | 1 | 0 | 182515 | 0 |
| AMKOR TECHNOLOGY INC | COM | 031652100 |  | 8885269 | 224972 | SH |  | OTR | 1 | 0 | 224972 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 16248367 | 912061 | SH |  | OTR | 1 | 0 | 912061 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 34546734 | 959365 | SH |  | OTR | 1 | 0 | 959365 | 0 |
| HECLA MNG CO | COM | 422704106 |  | 18258898 | 951232 | SH |  | OTR | 1 | 0 | 951232 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 73940978 | 200624 | SH |  | OTR | 1 | 0 | 200624 | 0 |
| NATERA INC | COM | 632307104 |  | 55633060 | 242902 | SH |  | OTR | 1 | 0 | 242902 | 0 |
| CHAMPION HOMES INC | COM | 830830105 |  | 3933389 | 46560 | SH |  | OTR | 1 | 0 | 46560 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 67879089 | 368038 | SH |  | OTR | 1 | 0 | 368038 | 0 |
| EQT CORP | COM | 26884L109 |  | 93300307 | 1740515 | SH |  | OTR | 1 | 0 | 1740515 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 43678732 | 21684 | SH |  | OTR | 1 | 0 | 21684 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 71309874 | 441944 | SH |  | OTR | 1 | 0 | 441944 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 32616000 | 300000 | SH | Call | OTR | 1 | 0 | 300000 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 37736386 | 347097 | SH |  | OTR | 1 | 0 | 347097 | 0 |
| TERADYNE INC | COM | 880770102 |  | 7724030 | 39902 | SH |  | OTR | 1 | 0 | 39902 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 25495185 | 43891 | SH |  | OTR | 1 | 0 | 43891 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 4250250 | 50000 | SH | Call | OTR | 1 | 0 | 50000 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 4250250 | 50000 | SH | Put | OTR | 1 | 0 | 50000 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 8925525 | 105000 | SH | Put | OTR | 1 | 0 | 105000 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 4437261 | 52200 | SH | Call | OTR | 1 | 0 | 52200 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 10200600 | 120000 | SH | Call | OTR | 1 | 0 | 120000 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 33724629 | 396737 | SH |  | OTR | 1 | 0 | 396737 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 53296959 | 391875 | SH |  | OTR | 1 | 0 | 391875 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 18061320 | 65600 | SH | Put | OTR | 1 | 0 | 65600 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 77062091 | 279895 | SH |  | OTR | 1 | 0 | 279895 | 0 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 14449422 | 867052 | SH |  | OTR | 1 | 0 | 867052 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 29741570 | 574217 | SH |  | OTR | 1 | 0 | 574217 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 19540819 | 166319 | SH |  | OTR | 1 | 0 | 166319 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 95180066 | 862568 | SH |  | OTR | 1 | 0 | 862568 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 27782652 | 550206 | SH |  | OTR | 1 | 0 | 550206 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 55103188 | 131234 | SH |  | OTR | 1 | 0 | 131234 | 0 |
| OPTIMUM COMMUNICATIONS INC | CL A | 02156K103 |  | 1655000 | 1000000 | SH |  | OTR | 1 | 0 | 1000000 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 101531130 | 216542 | SH |  | OTR | 1 | 0 | 216542 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 33135276 | 147317 | SH |  | OTR | 1 | 0 | 147317 | 0 |
| XP INC | CL A | G98239109 |  | 3790129 | 231317 | SH |  | OTR | 1 | 0 | 231317 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 43978773 | 305631 | SH |  | OTR | 1 | 0 | 305631 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 49243408 | 210676 | SH |  | OTR | 1 | 0 | 210676 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 84439219 | 285615 | SH |  | OTR | 1 | 0 | 285615 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 45548155 | 273694 | SH |  | OTR | 1 | 0 | 273694 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 59581160 | 91171 | SH |  | OTR | 1 | 0 | 91171 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 28994954 | 2293069 | SH |  | OTR | 1 | 0 | 2293069 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 41573715 | 186781 | SH |  | OTR | 1 | 0 | 186781 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 21016697 | 56052 | SH |  | OTR | 1 | 0 | 56052 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 18843130 | 79398 | SH |  | OTR | 1 | 0 | 79398 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 51548400 | 720000 | SH | Call | OTR | 1 | 0 | 720000 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 16858331 | 235468 | SH |  | OTR | 1 | 0 | 235468 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 58529435 | 1082175 | SH |  | OTR | 1 | 0 | 1082175 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 23989386 | 204365 | SH |  | OTR | 1 | 0 | 204365 | 0 |
| STUBHUB HLDGS INC | CL A | 86384P109 |  | 20684495 | 1526531 | SH |  | OTR | 1 | 0 | 1526531 | 0 |

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